The Sun.
London, England, 1848-08-21 00:00:00

OVER LAND MAIL

INDIA AND CHINA.

Advices have beEn received from India in anticipati, n
of the overland mail of the Ist of July from Calcutta.
The advices from Bombay were by dank to Madras.
rhe dates thus received are from Calcutta and Bom-
bay to the Ist of July, and Madras to the 9th of July.:
Our military position in the Punjaub seems well se-
cured. There is no news from the north-west of India
of any prominent importance.
The intelligence from Moultan, as regards the opera-
tions of the district officers in the field, continues to be
of the most satisfactory character. The force under

Lieutenant Edwardes amounts, by these advices, to
nearly 6,000 men, Mabomedans. The body is se
cure along the line of the Indus, and has managed
to gain possession of all the means of passage in
that part of the stream. It is said that the Bunnco
Sikhs continue to join the standard of the Dewan,
but that the Patans and Belooches stand aloof ;
while, on the other hand, Colonel Cortlandt's district
force had been much strengthened by Belooch enlist-
ments, and Lieutenant Edwardes counted a strong body

Patans. The forces of the Raja of Bhawalpoor had
already crossed the Gharree river into the insurgent
territory, but, not taking proper precautions, in their
eagerness for plunder, one of their parties had met a
,tronger body of the enemy and was cut off. This
disaster spread alarm at first, from conflicting rumours
which got into circulation, but happily did not entail
any mischief, and subsequent accounts announce the
capture of four small towns on the western bank of the
river. From further steps which had been taken by our
able resident at Lahore, in the dispatch of an
energetic officer, Lieutenant Lake, to assist with his
counsel the Bhawalpoor troops, there was every
reason to hope that the force would safely hold its
ground, and even at au early day do good service
in an advance. There seemed every probability such
an advance would be made, should further circum-
stances secure the probabilities of success for a move-
ment by the British district officers on tho centre of in-
surrection. The captive governor of Deers, Ghazee
Khan, and another man of note on the side of the insur-
gents, had been executed. The Dewan, on hearing this
news, is said to have sent 100 rupees to each of their
widows; and, apparently taking a hint of the fate that
might await himself-, ordered a funeral pile to be pre-
pared for his family, to be used in the event of his fall;
evidently not more inclined, by these circumstances, to
sell his life cheap.
No less than 600 followers of the insurgent Gooroo,
Maharaj Singh, who took arms in the Punjaub, had sur-
rendered, and, by late accounts, were prisoners at Shung.
The property and arms of the fanatic Gooroo had been
secured ; and he himself is reported to have been
drowned.

Sir Lawrence Peel, Chief Justice in Bengal, has sus-
pended Mr. Grant from his office of Master in Equity in
the Supreme Court at Calcutta, in consequence of that
functionary having been implicated in the transactions of
the Unio❑ Bank as one of its directors. His Lordship
read the judgment at length in court. The following re-
marks of the Friend of Indict, in dissent, may serve for a
summary of its legal purport:—
"The Chief Justice does not charge Mr. Grant or any of
the directors with fraud. I have no right,' says his Lord-
ship, to say that any of the directors meant to defraud the
bank.' That the bank was defrauded, however," continues
the Friend of India, " will admit of no question. The di-
rectors helped themselves to a million sterling of its funds,
but then they always intended to return it. Like another
place, the bank was paved with the best intentions, and these
good intentions continued to multiply with every fresh mis-
appropriation of the bank's resources, until the Insolvent
Court put an end to their further developement."
Some disturbances which had broken out among the
Mit els in the Mye Counts district of Guzorat—a still
unsettled portion of Western India—had been promptly
buppressed by the energy of the Political Agent, Cap-
tain Wallace, who gave orders for the instant march to
the scene of riot of a sufficient body of troops.
Our correspondent at Hong-Kong writes as follows,
under date of June 24 :

" We have had a month of inactivity, and nothing to
disturb the general quiet at Canton and the other ports. The
Braganza arrived on the 16th inst. ; the next mail is more
anxiously looked for, as likely to develope the probable
events in Europe.
"Her Majesty's ship Cambrian, Commodore Plumridge,
arrived on the 9th instant in our harbour. Her Majesty's
ship Melarnpus is reported as likely to proceed shortly to
Whampoa. Her Majesty's steamer Medea proceeds to-day
with his Excellency Governor Bonham on a visit to the north-
ern ports.
" A successful rencontre has taken place between her Ma-
jesty's ship Scout and a most audacious set of pirates near
Amoy; Commander Johnston was slightly wounded. The
coast is, in fact, swarming with pirates; yet our Govern-
ment appears officially to discourage merchant vessels act-
ing as convoys to native craft. We observe an increase of
foreign vessels carrying up native produce to the north, par-
ticluarly sugar from this port to Shanghae. Owing to the
late equalization of duties in India on foreign and British
bottoms, the American flag is already in active and success-
ful competition with the country shipping, which must suffer
severely.
" Our latest dates are—from London, April 24th; from
Calcutta, May 6th; from Madras, May 13th; from Bombay,
May 18th ; from Singapore the 7th inst. ; and from Manilla
the 11th inst.

COMMERCIAL.
(From the Calcutta Englishman, July 1.)
The express, with London news of the Bth of May, arrived
on the 14th, followed by the bulk of thernail on the lfith ult.
We regret that we have no improvement to report in the
state of commercial affairs here. Distrust and want of con-
fidence have, if anything, increased; and it is evident that a
long time must elapse before any material improvement can
take place in this respect. Since the date of our last report,
our markets have been characterised by great dullness and
langour, both in its import and export branches, but lately an
improved feeling, with greater animation, has been apparent
in the latter.

In our export market we have no transaction to report in
indigo. The superior qualities of white sugar have com-
manded an active demand, at an advance of 12 annas to
1-14. This article, as noticed in our report of the 2d of
May, is much later than usual in coming to market, partly
for the reason stated in that report, and partly from the
little encouragement which prices here have held out to the
native refiners and contractors. Saltpetre is without inquiry
at a further redaction of 6 annas per mound. Table rice has
been in very little demand. Safflower is more freely offered
at reduced rates. Raw silk has obtained latterly a little more
attention at a shade lower rates. Silk piece goods have ex-
perienced comparative neglect.
Our import market has been unsatisfactory. The prices
of many of our staple articles of import have sustained a con-
siderable decline. Shirtings have been placed to a consider-
able extent at reduced rates. Mule twist has also been
freely parted with at worse prices than have ruled for a con-
siderable period. Coloured yarns have been inactive, and
prices have still further given way. Copper had the advan-
tagepipnrugircuctroayfars, a lively demand soon after the dispatch of our last
report, weearhsnaitdctiholhl had now, however, somewhat subsided, but
toialdeeer
extent
lmaintained.anvteo been
e eI rj.aol n,
free has
moundsa sellers.ls o experiencedsapte9,
t.e4rto
aa9sb.
found
at: better
mound.
money market has undergone no improvement, se far
as
regards
tra.egien a
irzdes
wiwith commercial
undiminished
jealousy per
fpoarrlcoaanats. are
scs
d
terest, with 2 per cent. commission, are the easiest terms
on which money can be borrowed for commercial purposes.
The rate of interest on loans covered by Government Secu-
rities is 7 per cent. These securities have improved in value
during the past week. Our quotations now are— Remitable
Loan, 9to 9-4 premium; New Five per Cent., 1-12 dis.;
Second and Third , ditto, 4-8 to 5 discount; Company's
Fours, 16-8 ; Sicca Rupee ditto, 17-8. Bank of Bengal
Shares, 2,025 to 2,050 premium; Agra and N. W. Banks,
par.
The transactions in exchange have been very limited,
most of the shipments which have gone forward being for
purposes of remittance. Our quotations are 1-9% to 1-10
months' bills, but the bulk of the transactions have
for six
been effected at 1-93
ted a good deal during the month.
mayouisn4t3ald,6v4a3n.ced by the export warehouse since the
Is trli:obfe am
London.
to .41 10s. for saltpetre, to
in this dye
since
Lions have taken place
Indigo—No transactions Freights have fluctuated
andremain now at 41. 10s. to 41. lbs. for sugar, and V. ss.
since our last issue, the extreme rates required
inclination for business by pr
The latest reports received with reference to the prospects of
whole,considered
vatbeyce holders
contract.
The any i
less favourable than those previously received.
Letters
25th ult. from K g
ishnaghur mention that the of the
had not been completed till the 20th of May,which
faint hopes that they would succeed; and that the very
heavy rains prevailing since the 15th of June had done con-
siderable injury to the previous promisingly standing plant,
eneat sowing
left but
thereby introducing the chances that the out-turn will be
tinder last year's. Dates from Burdwan, of the 23d ult.,
complain of the late prevalence of heavy rains, which had,
however, up to that time, not been seriously detrimental to
the growing crop, leaving hopes of a fair amount of produce.
Jessore letters, of the 27th ultimo, report that, in some parts
of the district, the sowings were put into the ground in March
and April, whilst, in a large portion of others, they were not
begun with until after the 10th of May, and that from the
late continued rain the plant had suffered severely, leaving
no prospect that the out-turn could reach thatof last season.
Pumeah, dates to the 28th ult., rejoices in good prospects.
From Tirhoot letters to the 25th represent that the want of
rain in some districts spoils the growth of the plant, whilst
the heavy showers in others have done some injury to the
crops ; yet with any early change to more favourable weather
hopes for a large out-turn would arrive. Bbagulpore letters
to the 21st ult. complain that the want of rain has caused
serious loss of plant. Letters from Lower Bengal to the
28th ult. state that favourable moderateshowers had allowed
the completion of the sowings towards the middle of May,
and that the show of healthy plant was promising. Malda,
Moorshedbaad, and other parts of the Bhagaruttee, dates to
the 26th nit., remain in the former state of uncertainty; the
lateness of the sowings making the result precariously de-
pendent on the rise of the river, which had set in on the
25th, and in one day reached six feet.
Sugar—This article has experienced a general daily in-
creasing inquiry for all the better sorts of whites, and spi-
rited competition acting upon a but moderate stock, prices
have assumed a gradual rise, the extent of which, since our
last issue, must be quoted for whites 1 rupee, European
vac. manufacture 1 rupee 4 annas, yellows and browns 6 to
8 annas. To the decline of freights, which took
place aome weeks ago, and the want of home bills
the extensive transactions entered upon as a means of re-
mittance are generally ascribed, and they amount to 6,300
bags European vac. white from 8 to 9-12; 11,000 bags
lienares white superiorbags l sßt
aBgtgoaBl.oBw, fairi t
efirsts.97; -41.241t00
bBa-g4s,
Iyellows 4-6 to 4-14 ; 650 bags Dullow 4-2
G2toduar7.l;6e4t;ttaol,go7r3;4lyobis;abgs Khar fair brown 2-2-6 ;low date 1-8.
Saltpetre—With further reduction
article
tic flue was n
fully
annas,o
not in
favour for home shipments, and has met for those with
particularly
tr
almost total neglect. The downward tendency has been in
ltpe
iorne measure checked by a fair demand for American ac-
count, and the reported transactions are 375 bags Mirzapore
e— i
nIV it
thi le
lower a
fll
lit
bags Allygunge, 6.12 to 6-14; 5,500
rbagsefin refined
Rice—The table sort has met with but a very limited in-
quiry at unaltered rates, and the sales do not exceed 6,500
nags, at 2 rupees, whilst the qualities suitable for the Mauri-
tius and Bourbon have been in active request, at I. to 2 14111143

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