The Sun.
London, England, 1858-07-27 00:00:00

COMMERCIAL INTELLIGENCE

(From the Calcutta, Eylishm,an of June 18 )
On the 10th inst. we received our London mail of the
9 ii May last, per steamer Bengal, and on the 11th the
,:lectrie telegraph via Bombay furnished us with the
heads of political and commercial accounts from London
.it the 17th May. There is an evident improvement in
,ur Ea-it India produce markets, and we are led to be-
lieve that it will be progressive, end not transient.
ikloney was abundant, and there was more inclination to
anter into operations in produce than for some time past
Indigo had improved in value. Large sales had been
eff.cted of China raw silk, at former prices, but in Ben-
!all there was nothing doing. Sugar hail slightly de-
c'ioed. Salrpetre bad recovered the previous decline of
p. Oil seeds had improved in value; other articles
nuch about the same as before.
Tint PRODUCE -MARKET.

Our export market has shown some signs of revival,
and busine,,s to a fair extett has been done in some of
ur favourite articles. Supplies, however, are small,
vbieh enabls dealers to comnand-their own rates.
_ hi? RT MARKET. • _

The piece goods rnaiket has assumed a quiet tone,
thhough as yet no material dvelino had been submitted
o, with the exception of middling and low gray shirt-
trigs, which are about 2 annas lower, while heavy goody
tre in good demand at fall pravious rates. Bleached
;Gods, owing to light supplies, aro in good position and
lk:mand.

CHINA.
(Peon: the Friend of Cana, June 7.)

From this part of the world the news is pithy
and exciting. We have to tell of two battles—one
t victory, the other not unlike a defeat. The vic-
ory consists in the capture of the forts at the
north of the Peiho—the other affair, an attack on
a camp of braves about a dozen miles north-east of
iJanton. Details of each of these matters will be
found in separate columns. Our losses in both
businesses were severe. Through the expLsion of
nines, rather than by gun-shot, the casua'ties at
the Peiho exceeded a hundred. At Canton some
sixty were hors de combat from sun-stroke—besides
bout a dozen killed, wounded, or made pri-
toners.

In resumption of our usual chronicle of the
movements of the Earl of Elgin, and the ether
A.mbassadors, we have now to report as ibliows.
ran, Governor-General of Chil le, having int;mAte,l
authority to treat. ea Whalf of the Emperor,
was requested to ohtain letters of similar purport
o tho-e handed by Ilipu and Keying in the nego-
iati,ns at Nankin in 1542. What was the asto-
nishment of the Amb.4.s.iaclors to learn from the lips
:f Ten, that Sir Henry Pottioger was imposed
ipon, and that Keying forged the Emperor'd letters
if authorisation of wtich. the E trl of Elgin had
ent Tan copies !
It was the American ar,cl Russian Envoys who
were told this ; neither the Eal of Elgin nor
131ron Gros have yet seen a Chinese IVlandar;n in
the north. It is understood that on learning
,vhat Tan said, the Fr.'nch and English Arnbassa-
tors intimated to him that only at Peking would
they now treat, and at once demanded a suitable
escort. The time allowed for compliance with the
rrquest having expired, Admirals Seymour and
Be Genouilly were requested to see what virtue
ay in shells ; and upon this the forts at the en-
trance of the river were taken. As the despatch
bearers left the Gulf of Pecheli on the 22d ult.,
the allied squAdron ofgunbmts was proceeding to
"Fe en-tsin.

The Russian and American Envoys appear to
lave been very uFeful as "go betw€ ens." Less
punctilious than the French and English Minis-
era, the American at once declared to Tan what
if was his Government wanted ; discussed the
let ails of a new treaty, and only broke off nego-
iations when Tan pint blank declared that
Peking could be no place of residence for officers
)f foreign Governments. The particular business
f the Russian Envoy, in his conference with Tan
(or Tan-tsing-siang) is said to have been confine]
o the question of boundaries. In realiJy, how-
ever, there is no knowing whstthe Russ is up to.
With the aid of the French Artillery, Sappers,
larinea, and seamen, some 600 in all, which have
just left Hong Kong for the Gulf, it is supposed
that, after making a demonstration on Teen-tsin,
the Admirals will simply hold the points captured,
tnd maintain a strict blockade till cool weather sets
n, when, with further reinforcements, we can ad-
fiance on the capital. As for concession from Hien-
ung until he is thoroughly punished and a prisoner,
perhaps, we may not expect it.
It is not improbable but next mail will convey
o Europe the commencement of another series of
"tales of the rebellion." Under Taiping-wang's
Assistant King, Shih-tah-kie, a large force have
hreatened, if ere this they have not captured,
Ningpo. We are all anxious to see what kind of
people these Nanking men will turn our. If as
ardent as ever in their iconoc'astic propensities and
still as Sabbath and Bible respecting as when thy
.vere first discovered by the Rattlers, they could
not fix their Government at a batter point ; for at
Ningpo there is little or no foreign trade, and but
itile acdvity beyond prayer-meeting and mis-
sionary school-teaching. Should they turn out as
good as we • expect they will, the B,itish Givern-
meat should nor, by any means, again permit Sir
John Bowring to practise his jesuitical intrigues,
and exercise his power in stopping the progress of
the revolution, as be did at °aurora in 1854-55.
Certainly the Earl of Elgin is here to keep him in
check, but it can be but partially.

Trade has been very dull at Canton for some
weeks past, and the news from Peking appears
more than likely to putt a stop to it altogether.
Far-seeing Chinese say that in a few weeks we
shall have a difficulty in obtaining provisions, even
in Hong Kong, for the Roves are at work now that
they know the Emperor's -1.%al sentiments. The
Government in commission are acting as blindly 33
ever. A week or two ago they took off the em-
bargo on goads moving from the city. In twelve
hours 18,000 packages were carried through die
gates. This was alarming ;so interdiction again
became the order of the day.
Tho expedition in search of braves appears to
have been a most ill-managed affair. Mr. Com-
missioner Parkes had received information from
ono of his emissaries that tent 3 were pitched some-
where under the mountains to V-io north-east of
Canton, and about abreast the Elh-tah barrier, s:iy
midway between VVl:ampoa. ani Canton. This in-
formation being convoyed to Major-General Van
Straubenzee, his Excell,ncy determined on a re-
connaissance. Off, accordingly, started Mc. Parkes,
the General, the French Cummuclore, and Lome
others (the Adjutant-General, Col. Stephenson, is
in Hong Kong we see.) In course one of the
temples on the mountain was reached, and there