The Sun.
London, England, 1858-06-12 00:00:00

COMMERCIAL.

Bengal Hurlcuru Office, Calcutta, May 3.
Since our last issue of the 22d ult., we have been in re.
ceipt of advices from London to the 25th March ; they r••
present the produce markets in a most depressed state, and
transactions limited to the pressing wants of the trade.
There was not the slightest disposition to operate, and
buyers seemed to expect a material reduction, whilst
holders seemed much firmer; there was a general down•
ward tendency.

Cotton, yarn, and grey goods had experienced a consi-
derable decline both in Liverpool and Manchester, at which
places the favourable advices received hence had induced
large purchases for this market.

The money market continued as before, and the Bank
made no alteration in their terms.

We have since overland news via Bombay to 2d April;
but it communicates no commercial intelligence.
EXPORTS.-Our market has been rather quiet since our
last, owing to the scanty supplies of the principal articles
of produce. Since the arrival of the steamer scarcely any
transaction of consequence has been reported—holders of
produce, owing to light stocks, still evince great firmness
in ther demands.

IMPORTS.—Since the date of our last report a very limited
business has been done in twist and piece goods ; the late
large arrivals, of which a great portion had been sold to
arrive, having supplied the market for immediate require•
went. Buyers have shown no greet desire to add to
the heavy stocks already in their hands, which they find
groat difficulty in dispatching to the Upper Provinces,
steamers being scarcely available, boat transports being
both hazardous and tedious, and land conveyances being
entirely taken up by Government; in addition to these
difficulties, the reports of further supplies on the way from
home have made buyers less disposed to operate, and we
must look for a further decline in prices. Metals—The
market continues dull for all descriptions, and prices have
a downward tendency,
The Money Market continues the same as before, easy and
without any great demand. No alteration in Bank rates.

CHINA.
The actual news from China is unimportant. The
China Mail, of April 23, says :
A report is current here, but what truth there is
in it, or whence originated, we have been unable to
ascertain, to the effect that replies from Pekin to the
despatches of the four Plenipotentiaries have been
received, and prove to be of the most insulting tenor.
Their Excellencies (so says the rumour) are told
that his Imperial Majesty has graciously deputed
a High Commissioner to proceed to Canton to ar-
range the barbarian difficulty—that the foreign
representatives must therefore retrace their step',
as no conference will be held with them at the
north—that as regards the humble petition of the
Russians and Americans, his Majesty feels disposed
to accede to their desires, but that with the British
and French, in consequence of the rebellious spirit
they have displayed, he will have no parley, nor will
he consent to any alteration of their existing trea-
ties. Lord Elgin and Baron Gros are said to have
answered that they will not return to the south..
ward, nor will they hold any intercourse with the
High Commissioner—that they insist on a per.,
Ronal interview with the Emperor—that the de'
mands made by them are just and reasonable, and
must be complied with ; and if not, that they Will
visit Pekin with a powerful force, and coerce hie
Majesty into compliance.
It is said that all the gunboats have been ordered
up instantly to Tien-tsin, and that the Canton river
is again to be blockaded by the allied squadrons ;
but except the four (the Bustard, Firm, Opossum,
and Staunch), which left on Saturday with the
Hesper and the Algerine, now in dock at Whatnpoe;
we hear of no others being under dispatch. The
Crnizer, however, has beenlong under orders for
Pecheli, and will leave iu a day or two, unless sent
back to Canton.

Reports are rife of large bodies of braves collect'
ing in the province of Kwang-tung, and especiall9
near Fatshan, where a numerous fleet of war junki
is also assembling, about a hundred of them being
reported as ready for launching or already afloat ;
but the gunboats are our best safeguard against
them, and as for the rabble rout yclept the
" braves," any attempt of theirs to retake the citlf
must result in their utter discomfiture.
The force, therefore, at Canton, aided by the
gunboats, is quite sufficient for the holding of the
city, and any fresh troops arriving will be at the
disposal of their Excellencies for operations in this
north. i considerable accession to the navel
arm may be very shortly looked for from India
and from the Pacific ; and a portion of the large
French expeditionary force is now due ; so wemal
safely say that some means, at all events, of erl'
forcing the demands of the allies will not be want'
ing, should such necessity arise.

COMMERCIAL.
At Amoy, business in imports has been brisk, and Vet/
fair prices have been realise]. At Canton buyers of tell
have continued active, settlements since last mail he'll
amounted to 35 chops of old congou, and 8 of this season.'
production. Stocks are now estimated at 100 old chops,
and 8 new. Scented teas have b9en readily taken, sal"
having been made to the extent of 40,000 boxes. Of inseu.:
factured goods, small sales have been made at forme!
prices. A little better demand for yarn has been eYinirel
At Hong-Kong there is nothing of importance
12°o-ther
First-class private paper has been done at 48- ; t
private bills at 4s. 94d. to 4s. 96d., and Bank drAf6sieda
4s. Bp. On India the rate is 223. Bar silver is quoted
6 per cent. pm.
ye'
Rice continues without any, improvement, and may
go lower.
Opium has experienced a slight advance since our last
advices, without, however, displaying !any great activity'
The coast markets continue extremely dull.
For London from Shanghae, there have been dispatched
the Sea Star with 735,6771 h. of tea, and 216 bales of silk ;/
the Chebucto, with 429,6931 b, of tea, and 66 bales
silk ; and the Star of the East with 1,235,1471 b, of te, al
and 860 bales of silk. From Whampoa, there has seed
for the same destination, the Diana, with 398,879 T-
- and the Crest of the Wavo, cargo yet unpublieheu. •
China Mail, Hong:Kong, April 23.

NAVAL AND MILITARY INTELLIGENO

The following additional vessels were yesterday takeoff
up by the Hon. E .st India Company for the conveyeneao74
reinforcements to India, viz.:—Eastern Monarch, Li"-
tons; Anne Roydon 1,170 tons: and Childwickbnlif
1,200 tons. The Con'tiance and Pomona, previo.uslLeli;
gaged by the East India Company to convey treee°
t
oKuutr rwaictlihe er ,e
iannfds
rtcheemßenutrsn. e 1 lfre
The
eo
ships Calcutta,
taken willu pnot be s
„go the
are to be in realiness to embark the reinforcements d
East India Company's troops from Chatham, at Graves°
on the 26th inst.
The troops belonging to the Ist battalion of infantry es!
Chatham Garrison were drawn up on Chatham Linea 7.
terday for the purpose of witnessin,,e. the presentation (too
silver medal, with a gratuity of 101 , which bed b
to
awarded by his Royal Highness the Duke of Cambridge
Sergeant Richard Drew, 4;d Light Infantry, for leeg,_o_oeu
vice and exemplary conduct. The troops having
formed into square, the orders from the Horse Grhattjer.
authorising the presentation were read, after whit ding
geant Drew was called to the front by the comanit,
field-officer and the medal presented to him,
being invested in the military savings bank until he te
his discharge. Sergeant Drew has been 21 years in th...le's
vice, during which period he has borne a most to
character. character. He served is the Caffre war, and is decorate.'
with the Caffre medal. W. 17.
The Fire Queen steam yacht, Master-Commander
Paul, embarked Vice-Admiral Arthur Fanshavre,
General Fanshawe, C.B. General Dalrymple, Captain
J. Stopford, Mr. LeecOsecretary to the Admiral), 10f
Lord F. Kerr, at 3.15 p.m., yesterday, and put them c3._
board the Marlborough, 131, which hoisted the Admirt.,ll,.:
the gratsu.
flag (white at the fore) yesterday morning at done!,
The gallant party were received with manned yards *Thu'
the other usual honours. The ship will sail to-day-
The iron paddlewheel steamer Oberon has been corns:III •
sioned by Lieutenant Frederick G. C. Paget, at Woolwicn!
for the West Coast of Africa, and is ordered to be gee
ready with despatch.