The Sun.
London, England, 1846-07-11 00:00:00

LATEST COMMERCIAL.

NEW YORK, JUNE few days have elapsed since the
sailing of the last regular packet steamer, that there have
not been any great changes in the monied or business con-
cerns of the city. The fall of flour and produce to its present
low point has caused some failures in that branch of trade,
but in no other. _ _ _

Stocks have fluctuated very much, and although they have
declined within a few days, they are decidedly improved since
the Oregon treaty has been signed. All the Government
and solid State stocks are very firm, and have rather im-
proved. The prevailing opinion is now, that if the Govern-
ment should issue proposals for a moderate loan, it would be
reatiil3 taken up, at a very fair rate.
For several weeks past there has been an active demand
for vessels, and freights have improved. The numerous
vessels arriving here with emigrants have found return car-
goes at good rates.
Cotton, wheat, corn, and flour have been the leading arti-
cles shipped to England, and rye to the continent. Every
description of vessels have been taken up. The demand has
rather Slacked off within a few clays.
Foreign exchanges continue to rule very much in our
favour. On London, the rate may be quoted at from 107 2-2
to 108; an on Paris at 5.35 a 5.37 1-2, which is 1 per cent.
in our favour. Should there be no rise on these rates, it
will be for the interest of those engaged in remittances to
import specie. Bills on London have been very abundant,
particularly southern bills, which have sold even below our
quotations.
The remittance by this steamer will be moderate. The
importations for the last two months have b?en very light,
and it is probable will continue so until Congress shall dis-
pose definitely of the tariff question. The small receipt of
goods is no doubt the great cause why bills on Paris and,
London have ruled so low as they have done during the last
few months.
The crops of wheat and corn in almost all parts of the
country look remarkably well; and, from present appear-
ances, the crop of 1846 will exceed that of any previous year.
Tha harvesting in the south has become general, and no com-
plaints are made. In the middle States some complaints are
made of an exce's of rain, which, nu doubt, in some of the
v.h, at-growirg d stricts, has done a great deal of damage.
Corn in the south is represented, so far, as very promising;
but of the west and north nothing can be said, except that
the crops look well. Oats, rye, and barley, all are in a for-
ward state, and promise the usual abundance. The United
States will doubt have a surplus of grain sufficient to sup-.
ply any increase of demand that may be made by an exten-
sion of the English market.
Of the cotton crop there is little to say.

LATEST FROM MEXICO AND THE ARMY OF
OCCUPATION.

Advices from Vera Cruz, to June Ist, have been received
at Charleston, by the way of Havannab.
The Consuls of the neutral nations, resident at Vera Cruz,
had protested against the blockade of that port.
The Mexican Congress met on the 27th ult., ex-President
Bustamente being appinted President of the same. It is
generally believed he will be elected President.
It is said that Paredes will march over to Matamorax, at
the head of a strong army, the largcst portion composed of
the body of troops called the reserve. The time for his de-
parture with this army is already fixed, but has not been
made public. General Bravo will occupy the presidential
chair ad interim. .

.....
The suspension of payments continued, and things gene-
rally remain in the worst condition.
The Mexican Government had called a meeting for the
purpose of procuring resources, which was believed could
hardly be obtained, as the clergy are not able to pay the
amount of 90,000 dolls. monthly, already demanded by the
Government; and, on the other hand, the actual condition
of the several States is not such as to expect from them any
resources.
New Orleans papers to the 10th instant have been received
in this city, in which we find the following:—
It is reported that Arista has sent a message to General
Taylor, ordering him to retire to the east bank of the RiO
Grande, or he would be compelled to drive him over. Our
readers can believe as much of this as they please; we give
the report as we find it in the Galveston Civilian of th.
6th instant.

General Taylor's son has left New Orleans for Ma•am eras,
with his father's brevet commission of Major-General.
The lady of Capt. Page, who was so severely wounded at
the battle of Palo Alto, arrived at New Orleans on the 9th,
on her way to Point Isabel, to meet her husband.
A letter published in the Delta from Pensacola, says, that
it is reported that the condition of our squadron, in relation
to that of the English fleet, which has been increased, is
very precarious.
It is also rumored that as soon as the English hear of the
declaration of war again t Mexico, it will be the signal fur
them to take possession of the whole Mexican coast; and
that it is their intention to do so. If they do attempt it,look
out for hard knocks. Alt hough Corn. Sloat's squadron is
somewhat diminished by the return of old Ironsides to the
United States, still he will, no doubt, when joined by Captain
Stockton, give a good account of himself.
Mr. Walker has issued orders to grant clearances to Mata-
moros, thus throwing open Northern Mexico to American
manufactures. _ _ _

The New Orleans Tropic of the 15th inst. furnishes the
following news trom the army :
A letter was received yesterday by steamer Sea, which
states that General Arista had s.-nt proposals to General
Taylor fur a❑ armistice, and that he had established his
head quarters at Monterey, with 15,000 men. General
Taylor is said to have sent back in answer that he would
meet General A. at Monterey. The Tropic says it has no
doubt of the rumour.

News is anxiously expected from Colonel Wil,on's expe-
dition to Reonosa ; as it is said that Canales and all his forces,
amounting to from 1,200 to 1,400 cavalry, are concentrating
there, and will no doubt show tight. Colonel Wilson's corn-
malt' amounts to about BJO men.
By the arrival of the steamer New York at New Orleans,
advicvs from Brasos S,ditiago to the 9th inst., at ha!f-past
10 A.M., have been received. We have Galveston papers to
the 11th inst. The news of General Taylor's promotion to
the grade of Brevet-Major General had diffused joy through
all ranks in the army, and in the state of Texas. The de-
legation from the Louisiana Legislature was to leave Point
Isabel on the 7th inst., on their way to Matamoras, to present
the thanks of that uody to old Riugh-and-Ready.
Th,re was a little sickness amongst our volunteers.
diarrheas, ari-ir.g from the change of loud and contlitiLn of
life; they will s. or., however, get inured. Texas has sent
2,400 men to Mexico. A pentleman largely concerned in
business at Matamoras, direct from the latter-named place,
represents that the news of the defeat of the Mexicans has
spread a wonderful alarm in the interior wherever it is an-
nounced. It is also said that the Mexicans resolutely re-
fused to take strong arms against the Americans.