The Sun.
London, England, 1851-03-21 00:00:00

CHINA.

- -
The following is the letter of our correspondent,
dated Hong-Kong, January 30:—
"The mail steamer arrived here on the 20th inst., con.
veying advices to the 25th of November, from England.
" There is little of importance to notice this month.
" The number of invalids in the 59th Regiment is on the
decrease. Senor F. A. G. Cardoga, the lately appointed
Governor of Macao, arrived in the steamer. After a short
stay here he left in a Portuguese frigate to assume the go-
vernment of the settlement.
" The Peking Gazette announces the degradation, by the
Emperor of Keying, the former Viceroy of Canton, along
with another mandarin of hign rank at the Imperial Court.
" The reasons assigned are the disposition these individuals
have shown, and the views they have expressed, with refer-
ence to the propriety and policy of cultivating friendly re-
laticns with foreigners. The circumstance, if correct, affords
an indication of the feelings of the Emperor and his present
advisers towards foreigners; and shows how necessary it is
for our Government to be prepared to resist any interference
on the part of the Chinese with existing`treaties, and to main-
tain the position, such as it is, which we at present hold.
"The advices front Shanghai are to the 22d inst. There
was an improved demand fur foreign manufactures. The
export season for tea and silk was expected shortly to close
The total export of tea from China to Great Britain is esti-
mated at 46,900,0001 b. against 43,000001 b. ; and of silk,
13,900 bales and 1,100 cases against 130,750 bales to the same
period last year.
He- Majesty's ship Hastirgs, with Rear-Admiral Austen
on board, accompanied by her Majesty's steamer Sphinx,
left this on the 25th for Singapere and Calcutta. Her
Majesty's ship Cleopatra arrived here on the 26th—the only
vessel now in harbour, except the surveying vessel Royalist,
repairiog.
" Her Majesty's screw sloop Reynard is expected down
from Whampoa, and her Majesty's brig Pilot, arrived from
Shanghai, has left for that station. At Canton, the steamer
Ph!egethon. At Amoy, her Majesty's brig Serpent. At
Shanghai her Majesty's brig Contest.
" Our latest dates from England are to the 25th of No-
vember; United States, 13th of November; Calcutta, 7th
of December; Bombay, 10th of December; Singapore, Bth
of January; Manilla, 9th of January; Sydney, 24th of No-
vember."

COMMERCIAL INTELLIGENCE.
(From the Bombay Times.)
BOMBAY, SATURDAY EVENING, FEB. 15.
The Money and Share Markets—Shortly after the depar-
ture of last mail the money market showed symptoms of
improvement, end exchange on Calcutta rose considerably;
but on the 10th inst., when it was found that the Oriental
Bank had been robbed of a considerable amount of Bank of
Bombay notes, the numbers of which were known and ad-
vertised, the Bazaar people commenced running on the cir-
culation of the Bank of Bombay, and money has conse-
quently become exceedingly scarce again. Prices of se-
curities have slightly improved, and we hear of trans-
actions at the following rates :—New Fives, 98 ; Company's
Fours. 82 ; Sicca Fives, 1011 aat 102 ; Sicca Fours, 84 ;
Bank of Bomber Shares, 15 per cent. premium; Oriental
Bank Shares, 15 per cent. discount; Commercial Bank
Shares, 15 per cent. discount; Agra Bank Shares, 2 per cent.
discount.
- We have at length to notice some slight improvement in
the import market, and during:this past few days transactions
have had effect to a larger extent than for some time pre-
vious, though no better prices have as yet been obtained. In
the cotton market there has been little doing, owing to the
high prices demanded by the dealers for the small quantities
of the new crop already arrived. In other produce we do
not hear of any transactions.
Cotton Piece Goods—As above-stated, tT e demand for
cotton manufactures has within the last few days improved,
and for some few descriptions a trifling advance in price
has been obta'sed. Gray Goode— Jacconets have sold to an
extent of 12,850 pieces, at from rs. 1 10 6 to rs. 21/8 per
piece. Shirtings, 1i,450 pieces, at rs. 3136 to rs. 7 per
piece. The inquiry for good qualities 66 reed has somewhat
improved ; but those in most demand are 40 and 45 inch
low up to middling. Domestics, 2,065 piaces, at rs. 5 to
rs 12i per piece For these fabrics the inquiry con-
tinues languid. Madapollams, 39,050 at rs. 1 15 6 to rs.
25 6 per piece—an advance of from one to two
annas a piece being obtained for those weighing three pounds
and under. For those above this weight prices remain un-
changed, but the demand has slightly improved. T cloths,
5,000 ps., at rs. 3 4-6 to rs. 3-5-6 per piece. Bleached goods
—ln these fabrics we have heard of but few transactions;
2,200 pieces of shirtings, at rs. 6i to rs. 6-9 as. per piece,
chiefly of 66 reed and above, have been sold; while for those
below 60s. there is scarcely any demand. In jacconets and
madapollams we have no sales to report. In twills the sales
amount only to 950 pieces, at rs ei to rs. 9 per piece.
Prices firm. Fancy goods—ln these there has also been little
doing. The inquiry, however, for bleached mulls, lappet
scarfs, grey and bleached dholies, and low lappets, has been
good ; but for zeera and pine dresses, book muslins, satin
checks and spots and Swiss lappets, the demand has been ex-
tremely rmited. Dyed goods—For Turkey red mulls and
plain cloth there has been a tolerably fair inquiry, and for
twills an improvement in demand has been noticed.
Cotton Yarn—The sales of the fortnight amount to 225
bales of water, 29 of mule twist, and 50 of Turkey red yarn.
The demand f. r Nos. 20 mule and 20 and Et) of both mule
and water has been good, and prices firm, while for No. 40
of both there has been scarcely any inquiry, and prices have
declined, caused by the heavy stocks now at market, and the
knowledge of large shipments being on the way. Nos. 50
to 80 mule are lower in value and less in demand than for-
merly reported. In orange and groan yarns we have no sales
to report, and for Turkey red the inquiry is dull.
Metals -The only sales reported during the fortnight are
400 cwt. of tile copper at 44ir. per cwt., and 350 bundles of
sheet iron, at 4r. sa. per cwt. Sheathing and braziers'
copper, and nearly all descriptions of British and Swedish iron
have declined in value. Swedish steel remains as last re-
ported on. Lead, both sheet and pig, is dull of s :le and lower
in price. In tin plates and spelter there has been nothing
doing.
Cochineal—no transactions.
Saffron—The demand for this article is active, and prices
have advanced considerably, but we have not heard of any
sales.
Woollens—No transactions have been reported during the
fortnight, and the market for both cloths and flannels is ex-
ceedingly dull.
Exronts.—Cotton Wool—The purchases in all amount to
2,375 bales and 1,325 candies, at prices below those ruling
prior to receipt of last English mail on the sth inst. The
exports to China during the present year have been more
than four times larger than during the same period of last,
while those to Great Britain have fallen off by a third.
Opium—The price of the best Malwa drug bas again ad-
vanced to I,ooor. to-1,035r., and this rate is firmly main-
tained by the dealers.
FREIGHTS.—The rates of the day are—to London, 2/. 55.;
to Liverpool, 2/. 2s. 6d. per tun; and to China.l3/r. to 131 r.
per candy. In these there has been little variation during
the fortnight; first-class vessels obtain a somewhat higher
rate to Liverpool. There are still a large number of numb
in harbour, but few of first-clam anopfialtd•