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 2t th 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 th,..se individuals
have shown, and the views they have expressed, with refer-
ence to the propriety and policy of cultivating friendly re-
lations 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;treatiee, and to main-
tain the position, such cis it is, which we at present hold.
"The advices from Shanghai are to the 22d inst. There
was an improved demand fcr 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 43,000,0001 b. ; and of silk,
13,900 bales and 1,100 cases against 130,750 balesto the same
period last year.
"He: Majesty's ship Hastings, with Rear-Admiral Austen
on board, accompanied by her Majesty's steamer Sphinx,
left this on the 25th for Singapore and Calcutta. Her
Majesty's ship Cleopatra arrived here on the 26th—the only
vessel now in harbour, except the surveying vessel Royalist,
repairieg.
" 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 f;om England are to the 25th of No-
vember; United States, 13th of November; Calcutta, 7th
of December; eombay, 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, and 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 cense-
(ineptly 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/ at 102 ; Sicca Fours, 84%;
Bank of Bombay 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 merket, and durinethis 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, t' e demand for
cotton manufactures has within the last few days improved.
and for some few descriptions a trifling advance in price
has been obtained. Gray Goods— Jacconets have sold to an
extent of 12,850 pieces, at from rs. 1 10 6 to rs. 2% per
piece. Shirtings, 16,450 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 places, at rs. 5i to
rs 12i per piece For these fabrics the inquiry con-
tinues languid. Madapollams, 39,050 at rs. 1 15 6 to re.
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. 61 to rs. 6-9 as. per piece,
chiefly of 66 reed and above, have been sold; while for those
below 605. 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 dbolies, 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 limited. 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 b 0 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 green 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 44jr. 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 speller there has been nothing
doing.
Cochineal—no transactions.
Saffron—The demand for this article ;s active, and prices
have advanced considerably, but we have tot 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.
EXPORTS —Cotton Wool—The purchases in all amount to
2,375 bales and 1,325 candies, at prices below these ruling
prior to receipt of last English mail on the sth inst. The
exports to China during the present year have heen more
than four times larger than during the same period dof last ,
while those to Great Britain have fallen eft by a thir
Opium—The price of the best Malwa drug has again ad-
vanced to I,ooor. to 1,035 r., and this rate is firmly main-
tained by the dealers.
FnEicuTs.—The rates of the day are—to London, 21. 55.;
to Liverpool, 21. 2s. 6d. per son ; and to China. 1314 r. to 131 r.
per candy. In these there has.been little variation during
the fortnight; first-class vess:ls obtain a somewhat higher
rate to Liverpool. There are still a large number of vessels
I in harbour, but few cf fuet-cleigi unenaged.

Tea—During the month there has been no particular alte-
ration in the prices of black tea. The transactions have been
to a fair extent. In country greens very little has been
done. The teamen are holding out for last year's prices,
which foreigners are unwilling to pay.
Exchange on England—Bank post bills, ss. lid. ; Ameri-
can credits, ss. 3d. India—Company's accepted bills, 440 r.
per 100 dolls.
Freights—!/. Fs to 21 2s,
Advices from Shanghai of the 16th inst., report that a
steady business has been done both in imports and experts,
and for the former at somewhat better rates.

Tea—About 30 chops of congou had been settled for dur-
ing the month at T 11 to T 13. The purcha,-es of greens
were about 4,00 to 5,000 packages, the greater part for the
American market.

Silk—About 600 to 700 bales had been purchased at pre-
vious rates ; the quantity remaining in the market was very
small. Nos. 1 and 2 Mottles quoted 440 dolls. ; No. 3, 370
dolls. to 410 dolls. ; Taysaam, 270 dolls. to 320 dolls. Ex-
of silk since the Ist of July last, 13,000 bales.
Shirtings—Prices had improved, and after the Chinese
holydays a good business was anticipated. Greys quoted 2
dolls. to 2 dolls. 85c.; whites, 2 dolls. to 2 dolls. 85c. The
sales were estimated at 85,000 pieces.*
Spanish Stripes -84 c. to 92c._ for assorted.

E.s.change on England—Bank post bills, 4s:11 id. to 53. ;
American credits, ss. Id. On India—Company's accepted
bills, 235 r. per 100 dolls.

Freights-31.105. to 4/.

MARKET NEWS.-(THIS DAY.)

CORN EXCHANGE-(FRIDAY.)

The quantity of English Wheat received fresh up to this
morning's market was very limited ; but nearly 1,400 quar-
ters
have arrived coastwise during the, week. To-day the
attendance of both town and country buyers was small; yet
the demand for most kinds of Wheat of home produce ruled
tolerably steady, at Monday's quotations, and at which a fair
clearance of the stands was effected. From abroad nearly
9,100 quarters of Wheat have come to hand, chiefly fr, m
Odessa. Selected qualities of both red and white moved ff
steadily, at very full prices; but the middling and inferior
samples commanded very little attention. Malting Barley
was scarce, and quite as dear, whilst we had an improved
inquiry for grinding and distilling sorts, at full prices. On
the whole the Malt trade was firm, and late currencies were
well supported. Really ii,.e Oats were held for rather more
money. The middling and inferior kinds ru ed steady.
Although the supply of foreign Flour was again large, there
was less anxiety to press sales. This week's imports are
5,130 sacks.

English .. •• ..
Irish ..•• .. ••

Foreign ......

ARRIVALS THIS WEEK.

Wheat.

Barley.

Malt.

Q
1,3; lCr
, 26480 5 (,4043

Oats.

Flour.

8,760 I 2,390

Qrs. cracks
510 1,710
4,100

7,050 1 5,130

SMITHFIELD.

Notwithstanding that the supply of Beasts in to-day's
market was very limited and of inferior quality, the demand
for that description of stock, owing to the change made in
the weather and the heaviness of the dead markets, was dull
in the extreme at barely Monday's quotations. The num-
bers of Sheep was again small. All kinds moved off slowly,
and last week's prices were with difficulty supported. From
the Isle of Wight 38 Lambs came to hand in fair condition.
From other quarters the receipts were trifling. The trade
was inactive at from 5s to 6s per 81bs. Calves, though in
short supply, were very dull, but not lower. In Pigs next
to nothing was doing at late rates. Mulch Cows were nomi-
nally quoted at from 141 to 181 each, including their smal
Calf.
Per albs. to sink the offal.
s. a. d.
Inferior Beasts..... 2 6 2 8
Second quality •• ••2 10 3 0
Prime largo Oxea •• 3 2 3 4
Prime Scots •••• • • 3 6 3 8
Large coarse Calves 3 2 3 6
Primcsmall ditto 3 8 4 0
Sucklinr, Calves ..18 0 24 0
Lambs •• •• •• 0 0 0 0
TOTAL SUPPLY
I Sheep,
2,580
SCOTT
I Sheep,
60
FOREIGN SUPPLY.
Beasts. I Sheep. 1 Calves.
94 520 40
NEWGATE AND LEADENHALL.

Beasts.
484

Beasts.
34

B. 'd. to a. d
Inferior Skeep • • 3 6 3 8
Second qual. Sheep 310 4 0
Clarsc-weolleddltto4 2 4 4
Southdown 'ether 4 4 4 6
Ditto out of the wool° 0 0 ti
Large Hogs •••• • • 3 0 3 6
Small Porkers .... 3 8 4 0
Quarter old Pigs • •16 0 20 0
AT MARKET.

Calves. I Pi"
110 250
calves. 1
rigs
I rigs.

These markets were excessively heavy, at barely
stationary prices.
At per stone by the Carcase.

s.d.to s. d. s. d. to s. i.
Beef,tnferior•••••• 2 2 2 4 lintton,inferior .. 2 4 210
- middling •••• 2 6 2 8 middling.. 3 0 3 6
primelargo •• 210 3 0 -prime 3 8 310
- prime small .. 3 2 3 4 Pork,large....•• .. 2 6 3 6
veal••••••••...... 3 0 4 0 small .• •••• •• 3 8 310