The Sun.
London, England, 1846-03-23 00:00:00

INDIA.

DEFEAT OF THE SEIKHS.

TELEGRAPHIC DISPATCH FROM MAR.
SEILLES:-

"CAIRO, MARCH 8.
"MARSEILLES, MARCH 2

" On the 29th of January a division of the Seikh
army was attacked by the English forces under the
command of Sir 11. J. Smith, at Alivert. The Seikhs
were forced to er.ss the Sutlej, leaving behind them
all their artillery, amounting to about sixty nine pieces
of cannon.

" The loss of the English has been four officers
killed, fourteen wounded, and about 400 soldiers killed
and wounded. The loss of the Seiks appears to have
been very considerable.
" A salute of twenty-one guns had been fired at
Bombay to celebrate this victory."

MONEY anti COMM P.M lAL NEWS
CJ'TY, QUARTER Tip THRL:F.

The sales of Cotton at Liverpool on Saturday were only
about 1,500 bales. The market was quiet, and prices were
nominally the same, but buyers bad an advantage in choice.
In Shares, but little business was. doing, and prices were
declining
Much satisfaction has been expressed in all circles here
this morning, at the character of the news received by spe-
cial express of a further victory (it may be conside ed a deci-
sive one, and which, ere long, must place British
rule all over the Punjaub) by the British and native
forces, over the Seiklis. The intelligence is the more
gratifying, as for the last few days rumours have been in-cir-
culation that Government had obtained official accounts not
only of a serious reverse on the part of our forces, but that
the Governor-General had been taken prisoner. We gave no
credit to the report, and, therefore, retrained from noticing it.
The question as to whether our forces will push on to Lahore
is set at rest entirely by the nature of. the news obtained
front the banks of theSutlej this morning.
The private letters by the West India mails do not contain
any important information beyond that already made public.
The planters were generally in better spirits, owing to tf,e
railways and immigration. The crops were not very pro-
mising. _ _

Tbe- state of the money market is at the present moment
watched with rather more than ordinary anxiety. The re-
cent fall in the value of the Unfunded Debt clearly indicates
that the pressure for cash is on the increase, and the question
is asked in some quarters, " How does this state of things
arise ?" The reply is obvious. Merchants and traders.
who have held back from making purchases of produce
for some time past, are now coding into the markets as
buyers, under the full conviction that the Premier
will be enabled to carry out, with entire success, his com-
mercial measures, not even excepting the all-important
question of the cem duties. It is very probable that before
the Quarterly dividends are paid that Exchequer-bills will
recede below their comparatively low figure. The deposits
upon projected railways are slowly returning back into
circulation, and ere a very few weeks have passed, the fate
of most of the applications for Bills will have been decided
by the Committees appointed to test their merits, and if
failure in the results, the scrip holders ought to demand a
return of their deposits.
The Consol Market has been, upon the whole, pretty
firm, but not much business has as yet been transacted. The
intelligence from the East Indies did not have much effect
upon the prices, although it is considered to most satisfactory.
Consols for the Account have been at 961 A %, but for Money
the price has receded from 961,4 to 95 %. The premium on
Exchequer-bills is higher than on Saturday afternoon, being
now at 255. For India Bonds the price is given at 28s. to 30s.
The Foreign Stock market is rather more firm this morning.
Spanish Actives have been sold at 26 ; the Three per Cents.
at a rise to 37. The Portugnese Four per Cents. have
advanced from 561,4 to 5714 ; the Russian Metalliques are at
109 ; the Dutch Four per Cents. at 9414 ; Danish at 89 ; and
Mexican at 3014.
The Share Market is rather steady, with an inconsiderable
amount if business doing.
Late accounts have come to hand just now from the Cape
of Good Hope. The dates from Port Natal are of the 24th
January. The Lieutenant-Governor had arrived there, and
had been received extremely well by the inhabitants Many
reforms were in progress. There were 4 vessels in port, and
as the import duties had been abolished, a considerable in
crease of business was looked upon as a certainty.

BRITISII FUNDS.

ONE
O'CLOCK.
Three per Cent. Consols Annuities .. .. 96% 95%

India Bonds, 1,0001. .. .. .. .. ..
Ditto, under 1,0001. .. .. .. ..
`.7onseds for Account • •

30.8

96,4%1A

CLOSING
PRICES.

Exchequer Bills.
1,0001... ..
5001. .. ..
Ditto, Small

I)4d.

25 22 25 -- pm. 25
25 22 26 -- pm. 26
25 pm. 25
ONE CLOSING
O'CLOCK. PRICES.
99%

FOREIGN FUND&
Chilian Bonds, G per Cent ..
Danish, 3 per Cent - . • • • •
Mexican Bonds, 1637, 5 per Cant ..

.. 31 31u
. 56 5714 57%
57%
57%
0,)(3

Ditto. for the Account
Portuguese Four per Cents
Ditto, for the Account
Ditto, 3 per Cent
Russian Bonds .
Spanish Bonds, 5 per Cent
Ditto, for the Account
Ditto, Passive Bonds
Ditto, Three per Cent
Ditto, for the Account .. 36U 37
Dividends on the above payable in London.

.. .. .. 109

.. ...
.. 26

Dutch Two-awl-a-Half per Cent
Ditto, O. A.Q.swaAt

PRICES OF
RAILWAY SHARES.