The Sun.
London, England, 1860-11-27 00:00:00

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height, and once doubtless of great strength.: The
following day was made a day of rest, and yes ter-
day the force advanced again into the plain, a nd
had really a hard day's fighting. They had mot
gone more than three miles before the enemyr
I again presented themselves in a vast semicircle. We
I met them pretty much as we did on the previous
day, but got closer to them on several occasions—.
both the Irregular Horse and King's Dragoon
Guards getting well among them, as well as our
more advanced parties of infantry—although from
the nature of the ground (endless fields of cut millet,
intersected by wide ditches, and separated here and
there by dense thickets), and their knowledge of
how to avail themselves of it, it was very difficult
to get near them at all. If we had had infantry
alone, I believe they actually might have had the
audacity to close with us (as they were evidently
plucky enough men) but, as it was, they showed
themselves, on both days, impressed with a very
salutary dread of our artillery and cavalry, and
although they made several apparent charges at our
cavalry, I believe they were almost all feints to draw
them into some trap or other (such as a concealed
ditch or rough piece of ground), while ritangled
in which they might have an opportunity to fire.
their gingalls at them from under the cover of some
walls or copse of trees. ' However, the result of the
two days fighting has been that we have cap-
tared upwards of 100 cannon, most of them 9-
pounder brass guns of very good description, im-
mense stores of forage,' grain, and tea, and have
got to within seven miles of Pekin, and have, I
should think, thoroughly demoralised the Tartar
army, by capturing and entirely destroying all
their camps and munitions of war, so far. (They
say that Sankolinsin commanded in person on both ,
days, and that he had 10 Mongolian princes, each
with 5,000 men under him.) We have now taken
up a position on the right bank of the Grand
Canal, only seven miles from the Celestial capitals
but are again encamping among fields of spikes, of
which our worthy and gallant General seems to
think we are fond, as he never lets us among the
trees. There, like so many impaled martyrs, we
are to await, I believe, the arrival of some more
troops and stores. A shave' has just come into
me that the Emperor has bolted from Pekin, and
that Sankolinsin has sent in another flag of truce,
but I have not time to find out how far it is true.
Great sympathy is felt for Mr. Parkes and his
party, and I have heard a report, which I earnestly
hope is true, that Lord Elgin has declared he will
order Pekin to be sacked if he is not given up
again with all his party alive and in good condi-
tion. Such is certainly not mere than Mr. Parkes
deserves, for he has undoubtedly proved himself
long service China
andlaonln zealous servants
indeed,
tt—hh rro oonuue gg
ohh
foo utu
the
et thehme
owswhole
eo r
of
gftehthi is s
his country has ever had. If it is true that the
Sankolinsini
Emperor has Red, and that Sankolinsin now in
undivided power at Pekin, I believe, however,
that not only will Mr. Parkes be given
up again all right, but that a satisfactory treaty
will soon be made, as Sankolinsin's policy through-
out, I suspect, has not been so much to repel us as
merely to get a name for himself by opposing US
with apparent determination, while he was in
reality merely forcing us to advance until his
chicken-hearted cousin (as I believe the Emperor
is) should get sufficiently frightened to fly into
Tartary, that then he might assume the reigns of
Government, and, by taking that course which his
more enlightened mind must have pointed out to
him long ere this is the best for his country, secure
for himself that place in it to which he has all along
been aspiring.

" TIEN-TSIN, SEPT: 26.

" You will doubtless obtain all the news from
other sources ; however, I send you the latest re-
ceived this morning from the front.
" It appears that Messrs. Loch, Bowlby, and
Captain Brabazon are all safe and well treated at
Pekin, with Mr. Consul Parkes. The army is
within five miles of Pekin, after an engagement on
Saturday, in which the enemy is said to have kept
at a respectful distance from our artillery, but the
French got at them, and treaty them very roughly,
killing, it is said, 400 or 500 men. We had one
officer and a few men wounded. The Emperor's
brother and another Mandarin of ,the highest fea-
ther came out to camp, but Lord Elgin would not
see them until Mr. Parkes and the other prisoners
were given up. Tung-chau was given up to pillage,
and the usw6l atrocities of the Tartars were com-
mitted by themselves on their women, whom they
deprived of life, and on their children, whom they
threw into wells. The latter was past doubt, as
the bodies were seen when the place was entered."

COMMERCIAL SUMMARY.
HONGKONG, OCT. 13.
We received the 26th of August mail on the 9th inst., it
having been brought up by the Peninsular and Oriental
Company's steamer China, the second new boat on the sta-
tion within two months.

SHANGHAI.
The news from Shanghai, which comes down to the
morning of the sth inst., is of a highly interesting and im-
portant nature. It is still too early even to hazard an
opinion on the influence recent events will have imme-
diately on trade, but the ultimate result is beyond doubt.
The country which will be opened to foreign commerce is
rich and well peopled, and, what is of more importance,
the inhabitants are clothed, and consequently will be far
larger consumers than the natives of the middle and south=
portions of the empire.
Business in general remained almost at a dead stand, the
only ottlet being Ningpo, and if, as was currently reported,
the rebels should invest and ultimately occupy this port,
the business of Shanghai must come to stand, or the na-
tional parly must be dislodged from some of their vantage

ground.
It would be difficult, and perhaps unwise to give any
quotations for manufactured goods, which vrould in almost
every instance be nominal. We therefore forbear
hoofingd so.
Tea.—The amount of business in this staple e
extremely small, and that little had been in tea received
from Ningpo. A few chops from Ningchow tea had been
brought to market, and 1,500 chests had been shipped;
but, on Teaman's account, 800 chests Hweehow had been
settled at 18 to 23 taels, 500 chests common Congou at 15
taels, and a small parcel of Oolong.
es had been settled, and
Green Tea.—About 7,500 packag
of Japan about 2,000 packages. The quality of the Chinese
tea was in such a state as to forbid classification, and con-
sequently quotations are nominal.
Silk.—Considerable business had been done in Bilk,
t eo insurgents do
True 1 satlecs were firm in price, but inferior and Tay-
sa ap-
pear tse wereinterfere a
re shade
with
lohwer.
not
article, which in all
probability is allowed to pass on payment ofetransit
s Tith fe this
large supply of silk may be expected from Ja duty. A
ra
Exchange.—Closing rates for exchange apan.
Bank bills, six months' sight, Gs. sid. ; credits, Ge. 61d. ;
were as follows
documentary paper, Gs. qd. On India 312 rupees. Rates
were rather easier and in favour of
sellers.
The markets for imports in Foochow continued very
brisk. Large sales had
b
between the depart been made during the fortnight
departure of the mails
Tea..—The recent I *
large business had in a measure sub-
sided. Ad
verse accounts of business generally from home,
large stocks, and apparent indifference on the part of the
teamen had caused the transactions to be limited. The
market had, however,
a downward tendency. Settlements
reported were as follows :-10,000 chests Congou, dusty to
common, 121 to 18 taels ; good common to flavoury, 19 to
241 taels; Ningchow, 261 taels; 700 chests Souchong, 33}
taels ; GOO chests flowery Pekoe, 35f to 401 taels.

FALL OF THE FUNDS.—The cause of the fall in
the funds yesterday afternoon consisted in the receipt of
mercantile telegrams from New Tork via Ili:tidal, quoting
the rate of exchange for bankers' bills on London at 106 t
—a decline of 14 per cent. since the previous iulvices, and
which, if it could be supposed to be in any degree perma-
nent, would attract large sums of gold from this side. The
supposition, however, is that the movemen great amount is due solely to
the agitation for disunion having caused a of
Southern bills to be suddenly thrown on the New York
market, for which gold has been taken, thus causing a
sharp pressure for money. The New York bankers would
buy these bills to any amount at low terms, but to obtain,
the funds they would have to sell their own draughts on
England and to submit to a considerable sacrifice
in the
rate. The effect of such operations can be but temporary,
and should cause no uneasiness, especially as within the
next few weeks there must be numerous remittances from
due
New N ork to London, not only on account of
on investments, but for a large amount of Ohio stock fall-
ing due belonging to English capitalists.
andpircApilielzaiLiisEsi,,lFoxarrilTiletgozys'etiesOseisn.tm—Tenhtese
mPaillalsd.res
arise from some obstruction to the free circulation of blood
rekdi:yptill:
through the blood-vessels or capillaries ; and the only ra-
nitioennatl,
at modethe
soafinceurteimcoentshiasttsaninyriniemprityg
engendered
local Imp
Holloway's
stoppage should be filtered from the blood. edi-
Ointment, applied to the part, effects the first,
skin derives
softness, coolness, and case from the
accomplish the latter, object. The inflamed
application of this
uNient, which gradually penetrates to the affected tissues,
and soon restores the circulation
healthy condition, and saves the and its channels to a
sufferer from most serious
diseases which too frequently follow from carelessness or