The Sun.
London, England, 1851-08-18 00:00:00

CHINA.

HONG KONG, JUNE 23.—The mail steamer reached
this on the 12th, bringing advices from England to
the 24th of April.
It is satisfactory to be able to state that the sick-
ness among the troops continues to decrease, and that
the present state of the hospital forms a gratifying
contrast to what it was this time last year. This, no
doubt, is attributable to the arrangements made by
General Jervois, and to the change of system and
treatment on the part of the medical staff. The
Semarang, with a detachment of the 59th Regiment,
with four officers and 155 men, arrived here on the
17th.

On the 28th of last month her Majesty's screw
steamer Reynard left this for England, but with
orders first to accompany her Majesty's brig Pilot to
the Prata Shoals, about 160 miles froth this, to assist
in the rescue of part of the crew of the brig Velo-
cipede, intelligence having been received of the wreck
of that vessel. These shoals have been surveyed, but
no accurate knowledge has been obtained of the
strength and irregularity of the currents prevailing
there. During the night of the 30th, while the great-
est vigilance was exercised, and when, according to all
their different means of reckoning, it was supposed
that they were at least 30 miles from the shoals, the
point of danger, the Reynard struck. The sea was
smooth, the water deep, and nothing gave the slightest
indication of the proximity of danger. All endeavours
to get the vessel off failed, and the wind, getting up,
with a heavy sea, the vessel soon became bilged and
a perfect wreck. Captain, officers, and crew saved
nothing. They passed one night on a raft, and the
following day reached the island, and, with the crew
of the Velocipede, all got safely on board the Pilot,
which vessel also barely escaped being carried on the
shoals.

Great sympathy is felt for the able and zealous
commander of the Reynard, Captain Cracroft, who,
after frequenting all places on the coast of difficult
navigation, and moving about with his vessel more
than any other of her Majesty's vessels have been
called upon to do, has met with this misfortune while
engaged on this last service—one of humanity, but of
unusual danger.
We have had occasion before to call the atten-
tion of the Admiralty to the description of vessel
most suitable for the protection of commerce in
China. We know of none more so than a screw-
propeller, such as the Reynard, enabling her from
her draught of water to reach the factories at
Canton, and with her auxiliary power to render ser-
vices which no sailing vessel can perform. Notwith-
standing this, we believe her expenditure of coal since
she was in commission has not exceeded 260 tons,
a quantity that other steamers would consume in u
week.

Three sailors, who left in the ship Larpent from
Liverpool last year, arrived lately at Shanghai from
the island of Formosa. They relate the account of
the wreck of the vessel there in September last. On
reaching the shore officers and crew were attacked by
the natives, and there is too much reason to believe
that all on board, with the exception of the three
by name Berries, Blake, and Hill, were murdered
by the natives. Those saved are indebted for their
lives to an old Chinaman who took them in and
protected them, and afterwards, with the assistance
of a Chinese mandarin, got them on board a vessel
passing near the coast. A subscription for the China-
man has been collected at Shanghai, and her Majesty's
steamer Salamander has been sent with it to Formosa,
and no doubt with the thanks of our Government to
the mandarin for his humane and laudable conduct.
The accounts from the disturbed districts near
Canton continue equally alarming.
Of new congou 45 chops have arrived at Canton,
among which, however, there are only a few as yet
of the fine chops. From the samples that have been
given out it is the general opinion that the quality is
inferior to that of the tea of last season. The total
export from this country to Great Britain is now
nearly 63,000,0001 b. against 54,000,0001 b. last year.
No correct estimate can be formed of the quantity
smuggled from Shanghai.
To the United States about 27,700,00016. against
21,290,0001 b. last year have gone forward, the excess
being in black tea.
To the Continent of Europe 2,447,0001 b., and to
the Australian colonies 1,213,0001 b. have been
shipped, making the total export to all parts this
year 94,360,0001 b.
To the export of silk only about 200.balo_have to

be added this month, and the excess compared with
this period last year is now only 2,596 bales end
1,182 cases.
Our dates from Shanghai are to the 7th instant.

The Peninsular and Oriental Company's steamer
Erin arrived here on the 26th of last month from
Calcutta, and it is understood that in future w•e may
expect a steamer from that place. An arrangement
will no doubt be made for the transmission of the bi-
monthly mail from England by that opportunity.
In Harbour—Her Majesty's ship Cleopatra; at
Wharnpoa, her Majesty's brig Pilot; at Canton, the
steamer Pblegethon; at Shanghai, her Majesty's brig
Contest ; her Majesty's steamer Salamander gone to
Formosa. In the China waters the United States
corvette Marion and Saratoga; French corvette Ca-
pricieuse, lately returned from visiting the ports on
the coast; Portuguese corvette Don Joao; Spanish
corvette V. de Bilboa, the latter repairing.
Our latest dates from England are April 24th ;
America, April Bth ; Calcutta, May 10th ; Bombay,
May 17th ; Singapore, June sth ; Sydney, i\larch
Gth; Aianilla, June 4th ; Shanghai, June 7th.

COMMERCIAL INTELLIGENCE.
CALCUTTA.

(Per Overland Price Current, July 2.)
The mail, per Hindostae, arrived on the 28th inst.,
bringing London dates to the 24th of May, with market
reports of a less satisfactory nature than generally ex-
pected on the strength of the tenor of the advices by the
previous Bombay dispatch, which disappointment seems
to be strongly felt, and may therefore exercise some
corresponding effect on the prevailing rates of our
staples. The shortness of time elapsed since these ad-
vices are to hand, further curtailed by yesterday's inter-
vention of a native holiday, has not admitted of the de-
velopment in the direction above pointed to, and it re-
mains consequently for us only to state that our export
market has since our last issue continued in that state
of reluctant activity which the fretful uncertainty of
mercantile home affairs, coupled with the discouraging
high position of our leading staples, as compared with
their realiseablo value on the other side, are prone to
engender, and that prices have not suffered any material
change, though holders have generally evinced more in-
clination to meet offers on the previous easiest terms.
Our import market for cotton goods has generally
been in a most deplorable state of depression. Within
the last fortnight sales have been made to a larger ex-
tent, but unfortunately without any improvement in
value. Holders are, with few exceptions, anxious sellers,
and the advices received by the last mail of the state of
the cotton market at home will not tend to allay this
feeling. Stocks are generally heavy, and the imports
exceed deliveries. The large quantities of partially
damaged goods thrown upon the market through the
medium of public auctions have also had an injurious
effect upon private sales. All these unfavourable in-
fluences combine to give a constant downward tendency
to prices, and the only remedy we can see for this state
of affairs is a reduction in the exports from home, a con-
summation, however, we fear not to be looked for im-
mediately, at all events in respect to the heavier staples,
after the fall which has taken place at home in the value
of the raw material. A larger quantity than usual of
grey shirtings have changed hands, but at a further de-
cline in value. White shirtings have also sold fairly, at
a reduction of 2a. to 4a. per piece. More has been done
in white figured shirtings, but at a lower value. Cam-
brics and mulls are dull, with very heavy stocks. Ma-
dapollams have given way about la. Jaconets, both grey
and white, have sold extensively at a decline of la. to 2a.
Lappets are almost unsaleable. The Rangoon sort of
hook muslins have sold largely, but without any im-
provement. Mull-mulls are again lower. Turkey red
goods remain much depressed, but lately dealers have
evinced more inclination to notice them. A large
business has been done in prints and chintzes. The
holders of mule twist generally display much anxiety
to realize, and the market for this important staple is
in a very lamentable position. Prices are lower than
we have ever known them to be before. Turkey red
yarn has gone down 6p. to Op. per lb.; green, 3p. to
6p.; and orange is unsaleable. Some sales of copper
are reported much about previous value. Iron is in
very faint inquiry. A sale of 2,200 mds. pig lead has
been made at 5-11 to 5-13. 8,400 mds. speller have
also been placed at 6-6 to 6-14.
On the eve of the departure of the last mail the rate
of exchange took a turn in favour of sellers, and the
bulk of transactions in first class credit and document
bills has been done at 2-1 for the former, and 2-1 f for
the latter. We have beard of some sales at 2.0 for
credit, 2-1 i for document, but these have not been to
any extent. The Company still maintain their rate,
and remittances from home are consequently still very

The position of our Money Market has continued to
develop an increasing demand for accommodation, and
less inclination to meet it freely, yet bank rates of dis-
count are unchanged.
Freights are again rather stiffer, owing to some par-
tial demand for shipments in time for the mail, but the
business transacted is but limited, and expectations con-
tinue directed towards a slight decline.

BOMBAY MARKETS,
FROM JUNE 25 TO JULY 4, INCLUSIVE.

BOMBAY, FRIDAY EVENING, JULY 4.-Money con-
tinues to become more plentiful, and the banks have re-
duced their rates of disc Lunt anti interest 1 per cent. all
round. The value of Government and other securities
has not as yet risen, but the abundance of money and
absence of trade employment for it must soon have that
effect. The current quotations are-New Fives, 1051;
Sicca Fives, 108; Company's Fours, 92k; Sicca Fours,
96h Transfer Loan, 116?-i; Bank of Bombay Shares, 23
per cent. premium ; Oriental Bank, 151 per cent. flis-
count; Commercial Bank, 10 per cent. discount; Agra
Bank par. The Bombay Bank has just declared a divi-
dend at the rate of 61 per cent. per annum.
Our last dispatch having left so recently as the 25th
ultimo, we have little to add to our report of that date.
Our import and export markets remain without any
material alteration, and the transactions have been very
trifling. The season continues favourable, and the ac-
counts of the weather received from some of the districts
mention that rain had fallen pretty generally in the in-
terior, and that the sowing of the monsoon crops was
being proceeded with.
Cotton Piece Goods-Grey shirtings continue to be
in some inquiry, and sales of 9,526 pieces are reported.
We notice some transactions in Turkey red goods of
low quality, and a sale of 1,000 pieces T. R. mulls at
sr. 9s. per piece. All other goods are dull of sale in
consequence of the coasting and inland traffic being sus-
pended during the monsoon.
Cotton Yarn-A sale of 40 bales water twist 3001 b.
each, No. 20, has been made at 78a. per lb., and another
of 6,0001 b. orange yarn, No. 40 (in 400 bales) at ilia.
Metals-The only transactions we have heard of are
50 cwt. of white lead at 9r. per cwt. and 4 cases Lamitta
gold at 2r. 2ia. per corge.
Spirits-There have been sales of 18 hogsheads
brandy at 2r. 6a. to 2r. 12a. per gallon. A sale of 300
dozen Holland's gin at Br. per dozen, and another of 90
dozen Kilder's ditto at 12r. per dozen are reported.
Wine-Sales of 20 hogsheads and 26 quarter casks of
sherry at 250 r. butt of 130 gallons have been made.
Beer-The dealers aro actively engaged getting de-
livery of their recent large purchases of Allsopp, and
the only fresh sales made since our last are in small
quantities at 70r. per hogshead. Quotations as at pur
last. We notice a sale of 50 hogsheads W. Younger's,
and one of 50 hogsheads Sawer Boolwar's beer at 85rt,
per hogshead.
Spirits of Turpentine-A sale of 2,000 gallons at Ir.
3a. per gallon has been effected.
Exports-Cotton Wool-The only sales that have
transpired since our last are the following:-400 bales
Dhollera at 92r., 200 bales ditto at 99r., and 150 candies
Mangarole at 79r. per candy all round.
Freights-The port continues to be abundantly sup-
plied with tonnage. Quotations to London are 21. 15s.
per ton; to Liverpool, 21. se. to 2/. 12a. 6cl. per ton;
Clyde (nominal), 11. 15s. per ton; and to China, 14r. to
15r. per candy.
Exchange-The rate on London has receded, and
first-class paper may now be quoted at 2s. to 2s. Ind.
for six months' sight bills; at three months the rate is
Is. 1111 d. to ls. Hid. per rupee.

CANTON MARKET REPORT.
HONG KONG, JUNE 23.-The anxiety on the part of
some holders to dispose of their late importations has led
to a decline in the principal articles of import.
Cotton-In consequence of heavy imports prices have
declined. Bombay is quoted, Ta. 7.3 to Ta. 8.5; Bengal,
Ts. 7.7 to Ta. 8.7; Madras, Ta. 7.9. to Ts. 8.7; West-
ern, Ts. 6to Ts. 6.6. The sales are estimated at 17,000
bales. Stock, 35,000 bales, against 17,000 last year.
Cotton Yarn-For the middling descriptions our last
quotations are maintained, but the inferior and good
qualities show a decline. Nos. 16.24, 27 dolls. to 28}
dolls.; Nos. 28.32, 30 dolls. to 311 dolls.; Nos. 38.42,
32 dolls. to 34 dolls.
Long Cloths-Owing to the eagerness of holders to
quit, prices are lower. Greys are quoted 1.90 to 2 85;
whites, 1 doll. 75c. to 2 dolls. 95c. The sales of both
descriptions have been about 33,000 pieces.
Woollens-Quotations are the same as last month,
for Sp. stripes assoted being 85c. to 950.; long ells, 6
dolls. 60c, to G dolls.r 90c.; scarlet, 6 dolls. 95c. to 7 dolls.
35e. Sales difficult to effect.
Iron-There have been heavy imports, and prices have
declined. Rod quoted 2 dolls. 35c. to 2 dolls. 60c.; bar,
2 dolls. 10e. to 2 dolls. 15c.; round, 2 dolls. 70c. to 4 dolls.
10c.; hoop, 2 dolls, 80c. to 3 dolls. 10c.
Tin plates, 8i- dolls. Largo stock.
..."'"Cochineal-85 dolls. to 120 dolls.
Turkey Opium-First quality quoted nominally at
360 dolls.
Tea-The business done during the month has been
confined chiefly to green tea. Only one chop of congou
has been sold. About 45 chops of new congou have
arrived, but few musters have been shown. As to the
price likely to rule for the fine teas it is yet too soon to
express an opinion, and probably there will be some
delay before the market is opened.
;d. to
Exchange on England, first class, paper. 4s. 8.1
4'. 9d., and a small amount at 4s. 9 d.; on India, Corsi_
psny's accepted bills. 224 r. per 100 dolls.
Freights-31. to 21. 10s. Clippers with the first may
get 41. ss.
Our advises from Shanghai aro to the 7th inst. There
bad been a good amount of business done in imports,
but at rather lower prices for moat articles. The only
transactions in exports arc purchases of a few parcels
of silk,
Tea-No transactions. Musters of the new tea had
been received. No price had yet been named for
them.
Silk-The purchases were about 250 bales, for which
former quotations were paie. The new crop is favour-
ably reported on, and said to be in excess of last season.
Lopgcloths- The inferior qualities were in little do-
mand. For the better descriptions of both white and
them Prps some inquiry. Grays 0904 1.65