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

OVER LAND MAIL•

INDIA AND CHINA.

Advices have been received from India in anticipation
of the overland mail of the Ist of July from Calcutta.
The advices from Bombay were by dank to Madras,.
The 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 Moulton, 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, Mahomedans. 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 Bunnoo
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-
merits, and Lieutenant Edwardes counted a strong body
Patans. The forces of the Raja of Bhawalpour 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
stronger 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
eounsel the Bhawalpoor troops, there was every
r
-e4scl to hope that the force would safely hold its
ground, and even at au early day do good service
111
an „advance- There seemed every probability such
Za ,liii—*nee would be made, should further circum-
nces secure the probabilities of success for a move-
Meat by the Britishdistrict officers on the centre of in-
aarrection.
The captive governor of Deers, Ghazee
A-hae, 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
blight apparently taking a hint of' the fate that
await , himselv, 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.
„.140 less than 600 followers of the insurgent Gooroo,
•Rittharaj 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-
?ended 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 Union Bank as one of its directors. His Lordship
read the judgment at length in court. The following re-
Marks of the Friend of India, in dissent, may serve for a
luminary of its legal purport:—
"The Chief Justice does not charge Mr. Grant or any of
the directors with fraud. 1 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 developetnent."
Some disturbances which had broken out among the
Bheels in the Mye Counta district of Guzerat—a still
unsettled portion of Western India—had been promptly
suppressed 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 Melampus 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
Ain°Y Commaader 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
I,(i`rign vessels carrying up native produce to the north, par-
poluarly sugar from this port to Shanghae. Owing to the
late equaliaation of dutioo aa Inala vu
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 the mail on the 16th 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 maund. 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-
tage of a lively demand soon after the dispatch of our last
report, which had now, however, somewhat subsided, but
Prices are still maintained. Iron has also experienced a better
inquiry, and holders have been free sellers. Spelter kas found
purckasers to the extent of 11,760 maunds at 9-4 to 9 8 per
Maund.
The money market has undergone no improvement, so far
as regards commercial wants, All applications for loans are
scrutinized with undiminished jealousy, and 12 per cent. in-
terest, with 24 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
Pours, 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 1-93/4 to 1-10
for six months' bills, but the bulk of the transactions have
been effected at 1.9%.
The amount advanced by the export warehouse since the
istiof May is 431,643.
Freights have fluctuated a good _deal during the month.
andrernain now at 41. 10s. to 44 lbs. for sugar, and 41. ss.
to .41 101. for saltpetre, to London.
Indigo—No transactions have taken place in this dye
Since our last issue, the extreme rates required by holders
discouraging any inclination for business by private contract.
The latest reports received with reference to the prospects of
the crop, still vary greatly, but are, on the whole, considered
leas favourable than those previously received. Letters of the
25th ult. from Kishnaghur mention that the genetal sowing
had not been completed till the 20th of May, which left but
faint hopes that they would succeed; and that the very
heavy rains prevailing since the 15th of June had dor e con-
siderable injury to the previous promisingly standing plant,
thereby introducing the chances that the out-turn will be
under 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 that of last season.
Purneah, 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
"ins yet with-any early change to more favourable weather
hopes for a large out-turn would arrive. Bhagulpore letters
to the. 2lst ult. complain that the want of rain has caused
serious loss of plant. Letters from Lower Bengal to the
211th ult. state that favourable moderateshowers had allowed
the completion of the sowings towards the middle of May,
arid-that the show-of -healthy plant was promising. Malda,
Moorahedbaad, and other parts of the Bhagaruttee, dates to
the 26th ult., 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 amiss. To the decline of freights, which took
place some 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
Benares white superior Ist 8 to 8-8, fair first 7-12 to 84,
2d 7-4 to 7-19 ; 200 bags Bagga low white 5-9 ; 4,410 bags
Gurpetta greyish yellows 4-6 to 4-14; 650 bags Dullow 4-2
to 4-6 ; 1,034 bags 'Char fair brown 2-2-6 ; low date 1-8.
Saltpetre—With a further reduction of fully 6 annas,
, particularly in the lower qualities, this article was not in
favour for home shipments, and has met for those with
almost total neglect. The downward tendency has been in
some measure checked by a fair demand for American ac-
count, and the reported transactions are 375 bags MirzaP ore
refined 7-5; 1,600 bags Allygunge, 6-12 to 6-14 ; 5,500
bags Chuppra, 5.8 to G-6.
Rice—The table sort has met with but a very limited in-
quiry at unaltered rates, and the sales do not exceed 6,500
tibag3,us
viadt 2Ba rupees,l '.erlles.t
mßualitjes suitable for the Mri-
P'l-4aCUTOPilleAtv at 1 to 2 ALUM

enhanced prices, 15,700 bags Balam being sold from 1.2 to
1.6 according to quality.
Safflower—The holders of this dye have, particularly
within the last week, shown more willingness to meet reduced
rates without being able thereby to quit quantity. The
transactions since our last are 1,590 maunds. Paneer 23.4;
Rohitpore 21.4 ; Bhoosah 14.8 to 20. The more general
supplies are still withheld up country, but must sooner or
later be brought to market, and then a moderate further de-
cline may be looked forward to.
Raw Silk—Some attention has been directed to this article
during the past fortnight, and particularly since the com-
mencement of this week, but generally at a shade lower than
previous quotations. The reported purchases are 40:1. maunds
Radnagore at 6 14 to 7 8 per fy. seer ; 153 maunds Coasim-
bazar at 7 to 9 ditto ; 271 maunds Hurripaul at 7 2 to 7 8 ;
53 maunds Gonatea at 7 ; 39 maunds Bauleah at 5 10 to
5 13. We have heard of a transaction in European filature
silk at 10 8, but the particulars have not transpired.
Silk Piece Goods—Corahs have been in a great degree ne-
glected since the date of our last report, but, during the last
few days, they have attracted more notice. The reported
sales are 6,100 pieces of Cossimbazar at 95 to 109 per corge;
130 pieces of Choppas at 92 ditto. Our quotations for Corahs
are 92 to 110.
Shell Lac and Lac Dye—The demand for these goods has
been very languid. The only reported sales are-16 boxes
shell lac at 9-4; 275 mds. ditto at 7-8 to 11-12, and 38 chests
lac dye at 20 to 20 8. A small parcel of the B Mirzapore
mark lac dye has realised 50 rs. per md.
Hides—During the early part of the month this market
was quiet; since then an increased demand has sprung up
for inferior hides, both for the British and continental
markets. Lately considerable quantities of ordinary quali-
ties have been taken for the British market, and are now in
progress of shipment. The French have lately been operat-
ing in ordinary and inferior qualities. The Americans are
now less active, but are still in the market for goatskins,
Cow, and buffalo hides. Prices rule as in last month. The
reported transactions are 1,200 pieces slaughtered cow, at
26-8 per corge; 2,400 dry and green, at 15-8 to 16; 11,000
green ditto, at 21 to 29 ; 1,200 buffalo ditto, at 20 per ditto.
Jute—This article has been in fair requisition, but the de-
mand has been checked by the absence of desirable qualities;
the reported sales are 1,850 bales, at 8-12 to 9.4, and 1,000
maunds at 1-13.
Oil Seeds—The demand which arose for Linseed at the
date of our last report for the English market has fallen off;
but the inquiry for American account still continues. Re-
ported sales :-300 bags at 2.4-9 ' • 550 ditto, at 2-5-3 ; 500
ditto, at 2.5-6 ; 500 maunds, at 2-5 ; 1,000 mounds, at 2-4-9 ;
500 maunds at 2-4-6 ; 500 bags at 2-2-6. Mustardseed at

1-12 per maund.
Cutch—The shipments of this product have continued on
a fair scale, and prices range from 2-12 to 3-3 per maund;
stocks are small, but a considerable quantity is expected to
arrive soon. The probability is, that next year our imports
will be on a very limited scale; it, is estimated that 3-0 per
maund will only cover cost and charges, and as prices this
season have generally ranged under that figure, the manufac-
turers of Cutch have no encouragement to operate on the
usual scale for next season's supply.
Opium—The eigth sale of the season was held on the 12th
inst., with the following results:—
Chests. Highest. Lowest. Average. Proceeds.
Patna
Benares 775 830 825 827.03-7 6,41,000
Since the sale prices have had an advancing tendency, and
on the arrival of news from China by the Arratoon Apcar
of an advance in that quarter, a sudden impulse was given
to this sensitive article. Prices rose to 925 for Patna, and
885 for Benares, and a considerable number of chests have
been placed at those quotations.
IMPORTS FROM EUROPE.
British Cotton Piece Goods—The time which has elapsed
since the date of our report of the Bth ultimo has been, with
the exception of one or two slight intervals, a very dull,
and certainly a most unsatisfactory period. Prices of nearly
all the staple imports have declined considerably, both mule
twist and grey shirtings having been sold largely at lower
rates then we have witnessed for a long time past. Imports
of both of these articles have been simultaneously large,
while at the same time, accounts from all the up-country
markets have continued quite discouraging to bazaar dealers.
Gray Shirtings have sold to the extent of about 37,000
pieces during last month, and prices show a great decline
on rates recently current; indeed sales have been made on
lower terms than for many months past. Reported sale of
40-inch are quoted at 4-6 to 4-8 rupees per piece. In 45-inch
cloths there is neither improvement in value nor de-
mand, and they are certainly worth but little, if more, than
40-inch goods. Sales of 54-inch goods have been effected at
7-10 to 7-11 Company's rupees for 64 reed, but not to any
great extent, and at this moment there are no ready par-
chasers at that figure.
White Shirtings of all qualities have also suffered a great
decline in value, but more especially the finer sorts. Lately
imports have been more extensive, but stocks are not heavy.
Reported sales in June amount to about 10,000 pieces.
White Twills have attracted little or no attention, and, as
usual at this season, sales have been trifling.'
Madapollams— Stocks of both grays and white continue on
a moderate scale, while there is a fair demand, which tends
to support prices.
Jaconets—Gray goods continue to sell freely at pretty fair
rates, and the market appears likely to keep healthy.
White goods are perhaps a trifle lower, and demand is less
brisk.
White cambrics continued in a very unsatisfactory posi-
tion, it being almost impossible to effect sales for the moment
at any.reduction.
White Figured Cambries and Shirtings—Sales of this class
of goods have been trifling, but their value is pretty well
supported.
Lappets—For these no revival of demand has shown itself.
Stocks have accumulated to a large extent, and for some
time past it has been quite impossible to make sales at decent
prices or to any extent.
A 41. •A. 4”, envciA.
come to our notice at tolerable prices, DUE tnere is no im-
provement whatever in the ordinary sorts suitable to the
Rangoon market ; excepting for very favourite marks, these
are not worth more than Ir. for No. 1, with a consecutive
rise of 3a. for the higher numbers.
Mull-mulls—All the lower numbers in these goods are to-
tally neglected, and sales of better descriptions have been
confined to very small parcels.
Turkey Red Mulls—For these a fair inquiry has lately
been evinced, but, as prices continue wretchedly low, of
course sales have only been to a small extent.
Turkey Red Twills and Cambrics—Both of these descrip-
tions have partaken of the general dullness attaching to red
cloths, and consequently sales, since our last, have been to
a very limited extent. The present value of 25-inch cam-
bric, good colour and cloth, is only about 4 annas 3 to 4 pice
per yard.
Turkey Red Printed Mulls—A few sales of these, at ex-
ceedingly low rates, have been made, but the demand is
very languid, and, with present overdone stocks of this class
of goods, there does not appear much prospect of any ad-
vance.
Prints and Chintzes—Sales of these to a small extent are
now almost daily being made, but prices continue low, the
chief demand having been made for good Turkey red
chintzes, which however have not realised above five annas
six pice to six annas per yard. Many parcels of inferior dye
are offering at three to four annas per yard, and moved off
with difficulty.
Dhooties and Scarfs—Attract but very little attention, and
really good and fine 5-yd. white dhooties scarcely command
more than rs. 2-4 to 2.6 per pair.
Woollens—Sales to a very small extent in low kinds have
been made of late; but there is no general inquiry, and, so
far, prices have been unsatisfactory.
Mule Twist—Contrary to our anticipations, has given way
in price to a considerable extent, and sales of 40's we hear
have been made as low as 3 annas 9 pice per morah, being
greatly under the value which has obtained for a long time
past. Imports during June were heavy, which has had its
full effect on sellers as well as buyers. Sales in June amounted
to nearly 3,000 bales.
Coloured Yarns—Ever since onr last report Turkey red
yarns have continued in a most inactive state ; prices have
again fallen, but sales have been most insignificant, and while
we write there appears no immediate prospect of improve-
ment. In orange and green yarns there has been little or
nothing doing.
Copper—Shortly after the dispatch of our report of the
Bth ult. a lively demand for this metal sprang up. In the
Bazaar a large quantity changed hands, and several of the
European holders availed themselves of the opportunity to
realise a portion of their stocks, which they are enabled to
do, in some cases, at a slight advance on former prices. Now,
however, the demand is less brisk, and, though prices are
supported, there is much less business doing.
Spelter—Reported sales of this metal, since our last,
amounted to 11,760 maunds, at Ct. Rs. 9-4 to 9-8 per fy. md.,
and the market wears a steady aspect.
Lead—Much has not been done in this article; instead,
the only reported sale has been 150 mids. pig. at sa. rs. 8 0
per fy. md.
Salt.—Since our last several further arrivals have taken
place, and reported sales as under :-
25,000 mds. Liverpool Pungah, at Rs. 92 to 95 per 100 reds.
11,000 mds. Madras ... ... 51
Beer—Considerable sales of both Bass's and 'Allsopps are
reported at Co. Rs. 65-0 per hhd., which at present may be
quoted as above the current value.