The Sun.
London, England, 1861-08-27 00:00:00

CHINA.

We take the following from the Overland China
.2lail of the 12th of July:—
" In our last overland summary we reported everything
quiet in Japan. It does not appear, however, that either
on the native or foreign side exists a determination to keep
the peace. To those acquainted with past events in that
country, it will not appear a trifling matter that a gentleman
living in YokuLama was recently attacked in his office by
seven two-sworded officials, accompanied by 150 Coolies.
The correspondent who narrates the causes which led to
this, says that it arose out of the foreign merchants attempt-
ing to circumvent a refractory Japanese debtor, by obtain•
ing payment in kind through the medium of a third party,
who bought silk from the native debtor, referring him for
payment to his foreign creditor, into whose godown the silk
was conveyed. In a few hours the native's friends and Coolies
attacked the foreigner, pinioned him, and took back the silk.
Another merchant's godown was entered in open day, and
some copper, about which there was a dispute as to price,
was forcibly taken away. It is believed that the Govern •
ment sanctions these proceedings, as they could not be re-
peated so openly without something like the connivance of
the authorities. It is also reported that the Governor of
Kanagawa had informed Mr. Alcock that such was the
ill-
will of the people towards him that he could not give him
assurance of being unmolested in his contemplated overland
journey from Nagasaki to Jeddo.

"From Pekin we hear that San-ko-lin-sin has captured
Teng-hsien, and that the Tao-tai of Chi-tung had been
degraded for cowardice, having retreated from the rebela
without striking a blow. The Chinese correspondent of the
North China Herald says:—
" There is a report current that 13 successive victories
had been achieved by Tseng-kwo-fan over the rebels, great
numbers of whom were slain, it is said 20,000, which has
caused much rejoicing among the people of Kiangnan.'
" From the three no-:thern ports, viz., Newchwang,
Tien-tsin and Cheefee (Tangchau), there is little news for
the past fortnight.

" Hankow and the other ports on the Yang-tze are still
viewed with increasing interest by the merchant and the
shipowner. Large freights are being brought from Han-
kow, and fresh vessels are being placed on the river. The
siege of Chin-kiang has been raised, and its 18,000 Impe-
rial troops are free to operate in other directions. The in-
vestment of Nganking continues. The latest dates from
Hankow are up to the 19th ult., they report the rebels as
having made a nearer approach to the city.
" At Shanghae much trouble had been felt owing to the
plunder of valuable silk cargoes by people supposed to be-
long to the insurgent party. Gunboats had been sent to
obtain restitution, and to enforce respect to all merchandise
for the future ; they had succeeded in the first after a good
deal of trouble, unattended, however, with violence, and
good grounds exist for supposing that successowill follow
their efforts in seeking to secure safety for the trader in time
to come. The evil was beginning to assume an offensive form,
and this interference on our part was as timely as, it is to be
hoped, it will prove effective. A sad accident happened at
Woosang on or about the 29th of last month. Mr. H. J.
Allan, of her Majesty's Dockyard, went into the water to
bathe ; he was missed soon after, and, although an expert
swimmer, there is little doubt that he must have taken
cramp and been drowned. The party who were with him
used every effort to find his body, but without avail.
Chapoo was visited by her Britannic Majesty's Consul on
the 7th of last month. He called there with the Encounter,
on his way from Shanghae. Reports state that the desola-
tion and misery of the place defy all description or belief ;
the suburbs are a mass of ruins—not a soul to be seen.
The city is like a city of the dead, with a few ruffianly
scoundrels, calling themselves rebels, prowling about and
ruling over the few wretches who were unable to flee at
their approach. Altogether, the scene is described as one
not easily forgotten when once seen."

COMMERCIAL INTELLIGENCE.
(From the Overland China Mail of July 12.)
Tea.—Black remained much as at date of our last ad-
vices. A few parcels of common teas, say about 1,200
chests, had found purchasers at Tls. 18 to 33. Musters of
tea shipped at Hankow have been shown, but from the ex-
travagant prices paid there does not appear much hope of a
favourable result on the operation. Greens: There was
little worthy of notice, American buyers anticipated the
small parcels arriving at Ningpo, and paid extreme rates.
Silk.—Considerable supplies had been received from the
interior, but the gloomy advices from home had checked
the ardour of buyers ; a little business had been done. The
total settlements amounted to about 750 bales, of which 150
bales were of the new crop. In addition to this about 750
bales had come down on account of foreigners. The new
crop is reported to be of inferior quality and short of yield,
as compared with the corresponding one of last year.

(From the Calcutta Englishman, July 22.)

The Bombay express reached here on Saturday morning,
bringing dates to the 18th of June. The mail steamer ar-
rived on the 19th at Galle, and her news was telegraphed
here late at night of the 216 t, the communication being, as
usual, defective.

Produce Market.--No important alteration is noticeable.
Trade is still extremely dull, the firmness of holders in re-
fusing to make any concess'ons being the principal cause.
Import Market —Continued tightness of money in the
bazaar, added to anxiety on the part of importers to disi ose
of the very large quantity of goods lately to hand, has
checked the advancing tendency of prices last noticed, and
prices of goods generally are lower than they were a month
ago, with a downward tendency, it being impossible to place
any quantity without further concession in price. Advices
from England up to 18th ultimo, per express just to hand,
are not of a nature to cause improvement.
Government Securities.—We have no improvement to
report in this market. The only dealings are speculative and
for local account, and the rates only vary a few annas from
day to day, according to the urgency for any particular
stock. Anything like demand for investment does not
exist. In fact, there is no confidence in these securities
generally.

Joint-Stock Shares.—The transactions in joint-stock
shares have been on a moderate scale, and Agra Bank and
Bengal Bank shares have been placed at quotations.
Steam tugs are firmer, but India Generals and other Inland
Steam Company shares are dull, the impression being that
too many are now entering upon this field of enterprise.
Bengal Printing Company's scrip has been sold at 50 per
cent. premium, the last dividend paid being at thb rate of 20
per cent. per annum. Assam shares are firm, and the
prospectus of a new tea company is in circulation, uniting
some of the best estates in Assam and Cachar. Dock shares
are wanted at 1,120, but no sellers, East India Coal and
Auction shares aro neglected.

Exchange —The demand for bills on London continues
comparatively limited, and rates are about as quoted by the
Bombay mail. Bank bills have sold at from 2-01 to 2.4
chiefly at the latter rate ; Credits at from 2-04 to 2-0 i ; and
Documentary at from 2-1 to 2-14.