The Sun.
London, England, 1859-07-11 00:00:00

COMMERCIAL.

Our last was the 17th ultimo, and we have since received
commercial intelligence from home to the latest date, the
3d of May.
EXPORTS.-Our produce market has assumed a more
favourable turn since the last mail. Corahs have been in
active request for Great Britain, at fully former prices.
Sugar, date Gurpatta and Dulloab, has been purchased to a
fair extent, at some,.7hat better prices. Saltpetre has lately
engaged active inquiry for Europe, at an advance of fully
one rupee per mound. Rice has just commenced to draw
the attention of English buyers, at rather better prices.
Linseed has also engaged attention. Jute has been in
better inquiry, at steady prices. Raw silk has been in
limited operation. Hides are in good demand, but scarce.
IMPORTS.—This is the dullest season of the year for all
sorts of piece goods, and the continued tightness of money
during the last fortnight has caused an additional check to
business.
The money market has continued easy, and although
some tightness still exists in the bazaar amongst the
dealers, accommodations are readily obtainable from Eng-
lish houses, or good securities, at a half per cent. below the
rates of the Bank. No alteration has taken place in the
rates of the Bank of Bengal since our last.
Government Securities have fallen since the disturbed
state of affairs on the Continent ; and sales of 5 per cent.
paper have taken place at 14-8 to 15 per cent, discount.

They are less sought for at present, and there is a down-
ward tendency in rates.
EPCHANGE ON LONDON.—A fair amount of business has
been done for this mail in Local Bank Bills, at 2s. Oid. to
2s. °did., and first class credits at 2s. Ind. to 2s. 0/d. In
documents little has been done at 2s. lid. A considerable
amount of China drawn bills has just arrived, and is selling
at 2s. Oid. to 2s. Op.

CHINA.
The following is from the China Mail of May

Already a movement has been made northward
from this by some of the plenipotentiaries, and the
others will follow immediately. Mr. Ward, the
American Minister, left for Shanghae and the Gulf
of Pechellee on the 17th instant, in the United
States steamer Powhattan. accompanied by the
Toey wan, a coasting steamer, which has been char-
tered by the American Government. Mr. Alcock,
formerly Consul at Canton, has also left for Japan,
with a eopy of the ratified treaty with that coun-
try, and in order to assume his functions as Consul
General.

The Hon. Mr. Bruce goes north in the Magicienne
on Monday or Tuesday next, and a large force pro-
ceeds with him to the Gulf of Pechellee, lest any
obstacles should be thrown in the way of his pro-
gress to Pekin with the ratified treaty. It is not
likely that objections to his visit will be raised,
because by obtaining the relinquishment of the Bri-

tish mission at Pekin, the Russians and Mandarins
have already got rid of the most important stipula-
tion of our new treaty with China. It is said that a
noted American, lately resident in this place,was once
appointed American Minister to Britain ; but before
he received the offer of the appointment, he had
to hand in a letter formally declining it. We can-
not believe that the British mission at Pekin was
granted by the new treaty, on the understanding
that it would be relinquished, and simply to give
eclat to that treaty and to the diplomatist who has
earned so much fame by it ; but it is evident that
such a supposition will arise in the minds of many
persons unless some explanation be given. It is
well known that the Chinese, backed by the Rus-
sians, the French approving, have obstinately op-
posed a resident British mission at Pekin. The
ostensible ground on which the mission has been
relinquished is, that Pekin would be an undesirable
residence during the winter months for a plenipo-
tentiary who has to superintend the consulates and
trade. But there was no need for the plenipoten-

tiary remaining all the year at Pekin. The Russian
mission at Pekin is now placed on a permanent
footing, and a regular communication is now esta-
blished between Pekin and Kiachta in Siberia.

Our Shan ghae correspondent notices a report that
the Chinese authorities are also determined to oppose
the admission of English travellers into the interior
of the country. Both the Chinese and the own
authorities have been making preparations for a
misunderstanding, should such unhappily occur.
At Pekin, the tampering with the papers given

in at the literary examinations continues to give
trouble, and some more mandarins have been
punished on that account. Everywhere over China
there has been a great want of rain this season, and
serious distress is apprehended in consequence. At
the capital and its neighbourhood the drought has
been so great that the Emperor has in person gone
to pray for his kingdom in the temple of the Black
Dragon.
The rebels in the north and the south have been
progressing of late. In Kwang-Tang they are said
to threaten even Hwang, the Governor-General ;
and on the Yangtsze, the Imperialist troops raised
the siege of Nankin, and proceeded against some
rebels further up the river, only to meet with
defeat and the loss of their followers and guns.
The Governor of Macao has received instructions
from Lisbon to form, if possible, a treaty between
Portugal and China, and also a treaty with Japan.
In order to effect these purposes he goes soon to
Shanghai, and from thence will pass over to Japan.
The complaints of the Chinese, in regard to the kid-
napping of coolies for the Havannah, have somewhat
abated, and the stringency with which the Macao
regulations for the control of the traffic have been
carried out, has resulted in the worst portion of it
beingremoved to the Canton river, where the vessels
can receive collies very much as they please. A
small steamer, chartered by the Chinese, on its
way from Macao up the West 'River, was lately
seized by some of the passengers on board, while
others were robbed of all their wealth. Some of
the perpetrators of this outrage hive, however,
been discovered in Macao, and handed over to the
Chinese authorities.
A large expedition, composed of several gu7

boats and a transport steamer, with a body of-ma-
rines on board, has gone up the Broadway on a
visit to the town of Heang-shan, from whence most
of our servants come. There was some expectation
of a fight up at that place ; for though the man-
darins were ready to receive it in, a friendly man-
ner, the rabble were incensed, and had destroyed
the preparations being made for the honourable re-
ception of the visitors.

COMMERCIAL.
SHANGHAI, MAY 14.
IMPORTS.—The improvement is our import market,
noticed in our last report, has been maintained during the
last fortnight, and large sales of cotton manufactures have
again been made, at a further advance in prices.
EXPORTS.
TEA.---Transactions since the last mail left have been on
a small scale, being about 3,000 chests of black, and 4,000
to 5,000 packages of green.
SILK.—The season is now drawing to a close, and the
market has been cleared of desirable parcels; few Tsatlees
remain, and of the Taysaams and throwns, of which the
unsold stock principally consists, the bulk is very coarse
and inferior ; the quotations must, therefore, be con-
sidered almost nominal, as the different grades are not well
defined where all are low. Since the last mail left there
have been about 2,000 bale, settled, and the quantity on
hand in Shanghai is placed at 1,000 to 1,500 bales. There
are, as usual at this season, favourable reports of the new
crop ; of quantity nothing is said. The weather has been
auspicious for the mulberry plant, and if the worms are
healthy, and their silk good, abundance will unquestionably
follow.
EXCHANGE AND BULLION.—Transactions in sterling
have been on a moderate scale for this mail.
FREIGHTS.—To London and Liverpool : £2 to £2 10s.
for tea : £4 for silk, per ton of 50 feet. To New York : 5
dols. to 6 dols. for tea, 15 dols. for silk, per ton of 40 cubic
feet.