The Sun.
London, England, 1859-08-27 00:00:00

CHINA.

Our advices from Hong Kong reach to the sth of
July. The news rely ding to the expedition up the
Peiho possesses considerable interest. We append
the following summary of the China• Overland
Mail.

"In our last overland summary it was mentioned
that the latest news from Shanghae represented the
'British, French, and/iimerican ministers as on the eve
of their departure from that place for Peking, via
the Gulf of Pechelee. They left on the 15th ult. ;
the 'Hon. Mr. Bruce in her Majesty's ship Magi-
cienne, with the Coromandel as tender ; M. de Bour-
boulon in his Imperi.al Majesty's ship Du Chula,
With the steamer No rzagaray, and his Excellency
Mr. Ward, the United States Minister, in the Pow-
hatan' with the chart :ered steamer Toey-wan. Ad-
miral Hope left for ti le Gulf three days before, in the
Chesapeake ; and a L irge British force, consisting of
seven steam ships, tell gun boats, and twc troop and
store ships, were to /I endezvous at Sha-lui•tien, about
50 miles from the mouth of the Peiho. Every pre-
caution had been tak en to force, if necessary, admis-
sion to Pekin, and tho, proper exchange of the ratified
treaties. Between 500 and 600 of the Royal Marines,
with 100 of the Royal Engineers and a number of
seamen, were to accompany the Hon. Mr. Bruce ;
while abundance of provisions ready for land pack-
age, with 200 of tho Military Train coolies, would
render the expedition in great part independent of
the Chinese. These coolies of the Military Train
are all Hakkas, and were enrolled for service at the
taking of Canton, where they served us most faith-
fully, and were known under the title of the
' Bamboo Rifles.'

" From the attempts made by the Chinese Impe-
rial commissioners at Shanghae it may be inferred
that obstacles will be thrown in the way of admis-
sion to Pekin, but these have been overcome, and it
is extremely unlikely that the Chinese will have
recourse to any overlc acts of opposition. It will be
after the ministers have obtained admission to the
capital that the greatest difficulties .will be likely
to arise. The obtainment of a personal interview
with the Emperor, the dispensing, with ceremonies
which may place the foreign ministers in a false
position, and, above all, the carrying out that stipu-
lation of the treaty which provides for a resident
British minister at Pekin, will tax the energies and
test the firmness of their excellencies the Hon. Mr.
Bruce and M. de Bourboulon. No news has yet
come down of an advance up the PeihO, or even of
the expedition having reached the Gulf of Pechelee
but as ten days had elapsed from their departure
when the mail left Shanghae it was presumed that
they had been allowed to ascend the Peiho without
interruption. We are left entirely to conjecture
what may be the end of the diplomatic and military
conflict which has been carried on with China for ,
the last two years, which as yet has only ended in
trifling local; results, but which has procured a
treaty that, if carried out, must effect immense
changes in the future of China, and in the position
of Europe in Eastern Asia.
" From the ports there is almost no news of the
slightest interest. At Canton the governor and
Hoppo paid a visit lately to the British consulate,
a condescension never made by such high authori-
ties before. If the consulate is really, as seems
likely, to be established in the city, in what was
formerly Yeh's yamun, Cantcn will be always, and
without difficulty, kept open to foreigners in
future, so long as it is in the hands of the Imperial
authorities ; but there is a very general expectation
that' the rebels of the south will descend upon
it whenever our troops are withdrawn. The se-
lection of Shameen as a site for the foreign factories
has been followed up by a contract with two China-
men for filling up the site, the great part of which
is at present under water. The execution of the
work hs s been interrupted by the death of the COB-
tractors (it being rumoured that they were poi-
soned), but is again being resumed.
" The southern rebels have received some checks
lately, and it is hoped that the state of commercial
matters will improve in consequence ; but business
has been very dull, and there are no immediate signs
of improvement. An amicable reception of the
foreign ministers will likely improve trade at Can-
ton, and remove the slight check given to trade at
Shanghae by doubts on the subject.
" The total export of tea to Great Britain for sea-,
son 1858.59 amounts to 65,536,1001 b., against
77,444,2001 b. for 1857-58, or a decrease this season
of 11,908,1001 b. Of silk, the total quantity exported
amountslto 72,584 bales,'against 61,934 last year, or
on increase for season 1858-59 of 11,550 bales. To
Marseilles the export amounts to 8,708 bales. The
Singapore takes about 1,662 for Southampton, and
66 for Marseilles.

" To the United States the export of tea for the
season amounts to 31,216,000."

COMMERCIAL.
SHANGHAE MARKETS.--JUNE 25.
IMPORTS.

The improved demand for cotton manufactures, noticed
in our last. report, has been fully maintained during the
fortnight, and prices of all kinds have rather advanced,
although four vessels with further supplies have arrived
since last mail loft.

Fancy shirtings and brocades command a ready sale, but
for 'chintzei, velvets; &c. •the demand is limited.
Woollens and long ells have been more inquired for, and
sales of the latter to arrive have been made at current rates.
Cainlets and lastings are scarce, and in good request.
- 'Metals remain without much change, but the finer sizes-
of nailrod iron are wanted at quotations:
The market for Straits produce is still very quiet, and' as
sill:4)lses are now arriving more freely prices are not likely-
to advance.

Rice has been in fair demand, and sales to some extent
have been made.

Few transactions in sugar are reported, and all kinds
have materially declined in price.
EXPORTS.

TEA.—,In black there .•, bas been more than an average
amount bt business done in the past eleven days, comprising
3500 chests of common and flavoury Conon, at 15 'to 211
taels,, 1,700 of Ningchow at 25 to 26, and 200 of flowery
Pekoe at 35 taels. Musters of the new crop have leen
placed on the market, but in limited quantity. In green
tea there have been no transactions except 300 to 400 pack-
ages at former rates. Stocks of both descriptions are small,
and with the commercial year beginning on let of next,
nioiath we shall commence the new season in tea. We
make but a trifling change in our last quotations. Quota-
tiOns:—Congou, Ninchow, and blackish-leaf congous, 24
to 28 Weis ; oonam and oopak (none fine), 25 to 28 taels ;
low and common souchong and congou, 15 to 21.taels.
EXCHANGE AND BULLION.
The assumed certainty of war in Europe having appa-
rently caused the exercise of great caution on the part of
drawers, bills have been procurable to a limited amount
only. Buyers' requirements having, however, been also
small, the fall is not so heavy as might otherwise have been
the case: The banks having steadily declined to draw, our
quotation for this class of paper is quite nominal.
• On. London, bank rate, 6 months' sight, 6s. 51d. • first-
class credits, 6s. '6d. ; documents and other bills, es. 6fd.
per tael.
On Bombay, bank drafts, 3 days' sight, Rs. 303 ; Lon-
don drawn, bank bills, Rs. 303 per 100 taels. .
On Hong Kong, bank drafts, 15 days'-sight, 25 per cent
discount.

AMERICA.

(BY, ELECTRIC TELEGRAPH.)

LIVERPOOL, SATURDAY MORNING.
The Persia has arrived, with the New York mails
of the 17th, and 378,682 dols. in specie.
The City of Baltimore, hence, had arrived out.
The Royal Mail steamer Conway arrived at Ha-
vannah on the Bth, with dates from Vera Cruz to
the 4th inst., and 2,000,000 dols.

C. Whitbread was among the passengers; he
and others having been banished.
At Havannah on the Bth sugar was quiet, at 74
reals per arroba for No. 12 ; stock, 250,000 boxes.
Sterling exchange, 13 to 14.4.
Freights unchanged.
Letters received at Washington, from Mexico
state that Captain Aldhamin, commander of the
British naval forces, had assured the Government
that he would not enforce the measures contem-
plated for the redress of complaints.
There had been a heavy storm at Picton, and
numerous shipwrecks, with loss of life.
At, New York sterling exchange was 1104- to

1101; money abundant at 6.7 per cent.
The following were the latest quotations for
stocks :—United States Fives, 1873-4, 101 ; Vir-
ginia Sixes, 94; Missouri Sixes, 821; New York
Central, 714-; New York and Erie, 5 ; Reading
Railroad, 43; Michigan Central, 422-; Michigan
Southern, Preference, 211 ; Cleveland and Toledo,

18a ; Fanaina Railroad, 115 ; Illinois Central, 64,1 ;
Illinois Central Bonds, 851; Chicago and Rhode

Island, G 2; Galena and Chicago. Railroad, 641;
l)el. and Hudson Canal, 90 ; Cumberland Coal Com-
pany, Penn. Coal Company, Pacific Mail S. S.
Company, 73. •
The Bank statement was favourable.

Potashes, 5 dols. 95c.; pearl, 5 dols. 50c. Cotton
dull : Middling Uplands, 111. State anal
Western
flour had further receded 20c. to 30c. per lb. ;
southern flour heavy, but held firmly. Corn meal
slightly lower. Wheat had declined. Corn had
advanced slightly. The demand for iron was light.
Crude turpentine, 350 ; spirits of Dutch 441 ;
common rosin, 160 to 1 65 for cargo afloat. Pro-
visions dull. Sugar dull, witha declining tendency.
Freights very dull.