The Sun.
London, England, 1860-06-06 00:00:00

CHINA.

HONGKONG, APRIL 25.
The steamer Singapore, with the English mail
of March 10, arrived on the 22d instant, somewhat
unexpectedly, and the outward mails will be de-
spatched tomorrow at 2 p.m. per steamer Cadiz.
The earlier departure is caused by the change of
monsoon,—that from the south-west having now
set in.

Favourable winds are now fast bringing in nu-
merous transports and men-of-war, both from Eu-
rope and India. The French force is rapidly in-
creasing, several heavy ships, with about 3,000
troops on board, having arrived between mails.
The public is still in ignorance of the precise
terms of the Chinese reply to the ultimatum of the
Allied Ministers, except from Chinese sources ; but
the nature is well known to be hostile. It is re-
ported now from Shanghai that the ultimatum had
again been sent to the Chinese authorities, but un-
accompanied by the demand for indemnity which
it was understood was to have formed a part of
any further communication after a first refusal of

the- terms offered. Should such be the fact, its
effect will probably be to embolden the Chinese
Government to persevere in its present rash course.
In the event of hostilities, it is understood that
no blockade will be enforced to the southward of the
Gulf of Pecheli.

The rebels in the neighbourhood of Canton still
prove their presence by causing great injury to
trade. The difficulties thrown in the way of all
transit by them is stated to be a principal cause of
the extreme dearness of tea in the province. To
prevent any further advance in prices of that ne-
cessary of life the Governor-General lately took the
high-handed course of putting all the principal
dealers in prison. For a few days rates in conse-
quence declined ; but they are again advancing.
Very unpleasant news has reached us from Japan,
but details are not yet known. A serious conflict
had taken place at Jeddo between the followers of
one of the great princes and those of the Regent,
the latter having been attacked and several of them
slain by the former. The Regent himself was
stabbed, but whether fatally or not was not known.
Foreigners were in much alarm, and with good
reason, although the Governor of Jeddo was adopt-
ing precautions for their safety ; for the insurgent
chief is very powerful, and bitterly opposed to the
concessions in favour of foreigners granted by the
late treaty.

The tw- o French Generals of Brigade have ar-
rived, so that the Staff of Generals of both nations
is now complete.

COMMERCIAL INTELLIGENCE.
THE CALCUTTA MARKET.
FRIDAY, May 4.
On the 27th ult. a telegram from Bombay put us in pos-
session of London news of the 3d tilt., and on the same night
a telegram from Aden brought us further intelligence of the
10th nit. On the '27th ult. the msil steamer Nemesis ar-
rived with letters and papers of the 26th of March, and yes-
terday morning the Bombay express arrived with letters
and papers of the 3d ult.
The I'roduce-market.—The fortnight under revim has
again been characterised by dulness. There has been no
animation in any article of export, and we believe that
unless there be a general decline business will continue in
the present unsatisfactory state. Our buyers are all wait-
ing for the rivers to open, and produce to come down more
freely than heretofore, believing that thereupon prices must.
decline. But from past experience we fear they will be dis-
appointed.
Import-market.—A perfect stagnation has prevailed in
our market throughout the last fortnight for all kinds of
importations.

piece goods have been in very limited demand, both in
our market, as also in all the up- country markets ; prices
have already declined to a certain extent, as is shown from
our quotations, and there is little or no hope of a speedy
improvement. The imports have been extensive, adding
thus a considerable amount of goods to the stock of our
market.

Yarns have been in a very limited request at easier rates.
Metals have been dull, and there is little or nothing doing,
quotations for copper sheathing 45 to 45-4 per maund.
Government Securities—The advices of lower prices in
London for Indian securities have had the effect of limiting
business here, and to some extent depressing prices ; rates
have not, however, gone low enough to bring buyers on
European account into the market, and the transactions re-
ported are for local account. The 51 per cents. are quoted
103-12, the 5 per cent. at 93 8, and the 4 per cent. at 84.
Money Market—Money continues easy with the banks,
but in the Bazaar there is a little more demand among the
piece good dealers, whose remittances do not come forward
readily. It is hoped that this difficulty will soon be re-
moved ; in the meantime the bank of Bengal has a large
amount of money unemployed.
Exchange— Since the departure of the last mail the rates
for bills on London has been very steady, with a moderate
demaild.

Freights—We have not had many arrivals, and freights
in consequence remain at almost the same rates as reported
(on the 22d ult.) last mail. Supplies to the Mauritius con-
tinue to be shipped largely and stores to China, and besides
shipments to America we do not observe others on a large
scale.

Since writing the above we have news from China. We
learn that rice has gone up there to 3 dols 50c per picul;
and we may therefore expect some improvement in that
direction.

(From the Bombay Times and Standard.)
BOMBAY, FRIDAY EVENING, MAY 11.
There is little of an encouraging nature to report respect-
int, our import market during the last fortnight, its general
features being marked by the same languor of demand, and
in some cases declining tendency of prices, which we have
lately had to notice. The transactions in nearly all kinds of
goods have been very limited, and the near approach of the
monsoon now leaves little hope for early improvement in
the inquiry. For exports the demand is dull, in consequence
of prices of our chief staples being maintained at rates above
what most European houses are inclined to pay.
We have no change to notice in the rates of discount,
which are 7 per cent. for short-dated private bills, and 6 per
cent. for cash credits on the security of Government paper,
on which easy terms money is readily obtainable.
The market for Government securities continued steady
until the last few days, when more disposition to sell be-
came apparent, and a trifling decline ensued. We now
quote Fours at 84t, Fives at 97i to 98, and Five-and-a
Half at 1031 to 104 per cent., with little doing.
The demand for cotton piece goods continues very limited,
and few of the staple gray cloths are realizing equal rates
to those of a fortnight ago. This may be attributed partly
to the nearly approaching close of our active season, and
the general want of inquiry for up-country orders. The
Mar evarries in particular have all theirs cancelled in conse-
quence of disputes in their native province between the
ryots and the rajahs.
The export market is very dull. In consequence of the
receipt of very unfavourable news by telegraph from Eng-
land regarding cotton, said to be of the 22d ult., European
houses are not prepared to buy at the current prices, which
are considerably beyond those quoted at home. The dealers,
however, for the present maintain their rates, aided by the
demand that exists for China, notwithstanding the warlike
news to hand by the last steamer.
In exchange on London first-class bills were sold at 2s.
1 1-16 d. just before the last mail left, and then a further
rise of 1-16 d. occurred. The pacity of draughts brought
by the China steamer then enabled holders to
Bank, 8.
obau;
per rupee. We now quote 2s. Old. for
for credit, and 2s. 1 1-16 d. for document bills. 9 Sight bills
9
on Calcutta are worth 1001, on Madras per cent. On
China the market is firmer or 225 r. per 100 dols. at 60 days'
sight.

HONG KONG, APRIL 25.

Since last addressing you there has been no improvement
in the market for imports, which continue very inactive.
The rebels still retain possession of the passes to the con-
suming districts around Canton. Sales during the fort-
night at Hongkong and Canton are as follows, the quota-
tions being those at the latter place, duty paid, cash two
months :--

Cotton—Bombay : 4,750 bales sold ; stock, 16,000 bales ;
good to fine, taels 9 4to 10 taels ; medium to good, taels 8 1
to taels 8 9; common, taels 7 2to taels 7 G. Madras—Sales
100 bales; stock, 1,200 bales.
Cot ton yarn—higher numbers have declined 1 dol.
Canton silk—No business done, and quotations are 30
dols lower.
Tea—Settlements have been very trifling, and confined to
gunpowder and scented kinds. No transactions have taken
place in congou, the stock of which is five chops. The new
Tay shan teas have not yet come to market, the dispute about
the inland duties being still unsettled. Sales during the
fortnight are—Scented orange pekoe, 2,000 boxes at 18 24
taels for low to medium mixed leaf; scented caper, 1,500
boxes, at 14 to 16 taels, low mixed leaf; gunpowder, 2,000
boxes, at 11 to 13 taels, mixed spurious leaf.
One vessel has sailed for London, and two ate on the
berth, one for general cargo. For the United States no
vessel has left.

Freights to London, £3.
Exchange on London—Rates remain as last quoted.
The latest dates received are, from Loudon to the 10th of