The Sun.
London, England, 1844-11-02 00:00:00

CHINA.

We have China papers to the 30th July, from which
we make the following extracts. The prices of opium
on the 29th July were—
Patna 7BO
Benares 750
Mal wa
From Canton we learn that up to the 28th no further
disturbances had taken place, though confidence is by no
means restored, and business continues to be interrupted.
The Chinese guard at the factories have been conside-
rably increased, but their cowardice is too well known to
allow them to be trusted to, as they would either desert
their posts, or mingle with the crowd in case of an
attack. The Chinese authorities have paid 500 taels to
the widow and family of the person who was shot. Mr.
Forbes, the American Consul, has been applied to to
deliver up the person who shot him, and to order the St.
Louis to leave Whampoa, neither of which is he likely to
comply with. This application is reported by some to
have been made by Keying, but as he would more natu-
rally
address Mr. Cushing, it probably proceeded from
the local magistrates.
Her Majesty's ship Wolverine bas returned toWham-
poa, with directions, it is said, to proceed to Canton and
lie off the factories, should that be considered necessary.
This is as it should be, and though such a measure
would probably be remonstrated against by the Chinese,
it is proper they should be made to understand that
England will not allow herself to be obstructed by the
bare letter of the treaty from defending the lives and
properties of her subjects when these are endangered in
the territories of an ally hither too weak or too faithless
to protect them. Indeed, we consider our Government
ought to assume higher ground, and plainly intimate to
the Imperial Commissioner, that a riot occurring by
which any of our countrymen shall suffer in person or
property, and which they, the Chinese, well knowing it
was threatened for weeks, yet took no adequate mea-
sures to prevent, will be considered a breach of the peace
existing between the two nations, and lead inevitably
to a renewal of hostilities. We are satisfied such a
declaration would be productive of the best effects,
and it is what the occasion sufficiently justifies. For
them to remain passive under such circumstances is
equivalent to giving their approbation, and is the same
as if any European Power should allow a plot against a
neighbouring State to be prepared within their territo-
ries. without interfering to prevent it—a case which no-
thing but the weakness of the party assailed-would pre-
vent from leading to a declaration of war between them.
—I-long-Kong Register, July 2.
The British residents at Canton have, through our
Consul, F. C. Macgregor, Esq., forwarded a letter of
thanks to Captain Tilton, of the United States ship St.
Louis, for the protection afforded them, and the cone.
quent " feeling of security," when they " had but slender
means of self-defence against the outrages of a violent
mob."—lbid.

A memorial to the throne states that all the forts at
Canton are now ready. Cannon of immense dimension,
though of comparatively small calibre, is constantly put
into them, as soon as the pieces are cast and ready for
use ; and within less than a year the numerous de-
fences erected to guard the approach to the provincial
city will bristle with these engines of destruction.
Hong -Kong Register, July 30.
Kekung, the late Governor-General, who asked leave
of absence to retire for a time from his arduous duties, is
no more. He died on the 13th of :July of old age. From
Lord Napier's time until lieshen's disgrace, he was
Lieutenant-Governor, and with great skill kept himself
out of all scrapes, a small fine or a reprimand from the
Court being the only punishment inflicted upon him.
The Fuhshan gun foundry is still in full operation
and furnishes a sufficient quantity of metal to all the
fortifications and fortresses that have latterly been
erected. The pieces now placed at the embrasures are
at least double the number of what they were. before.— I
/bid.

rirrent of I
(From the OverlandNil,lßClßAeLn9allNHTlEirlitaLrluGEPNricCeEb
Tuesday, Sept. 17.)
COMMERCIAL
COMMERCIAL REPORT.
Bengal Ilurkaru Office, Sept. 17, 1844.
The Overland Mail (Express) arrived on the morning
of the 15th ult. with dates to the Bth July.
The commercial intelligence on the whole Is rather
favourable for some Rrticles of produce, whilst for others
of our principal staples the accounts are discouraging.
EXPORTS.
Indigo.—Just after the departure of the August mail,
the weather became exceedingly bade with a continuance

Raw Silk.—The demand since our last has been very
steady, and considerable sales have taken place, but at
lower prices, in consequence of buyers holding of rather
than give:the high rates demanded by consignees of the
rticle.
Silk Piece Goods, Corahs.—The demand has been
rather steady than otherwise throughout, but holders
have been obliged to submit to rather lower prices, par-
ticularly for the middling qualities ; the fine descriptions
are scarce, and maintain full rates. In Bandanas there
is little doing, but in Choppas there has been some stir
in the market.
Lac Dye.—Our market for this article has been very
dal, but previous prices are laity maintained—first
quality scarce, and quoted at. Co.'s rs. 60 to 63, good
fair descriptions rs 28, BNB at 19-8, artil MB at .6 per
h. md.
Shellac.—The sales are not so extensive as advised
by last mail, still a fair extentof business has b. en done
• at rather lower rates than previous quotations.
Cotton.—Since our last, one or two vessels have beets
laid on, and are now loading for China, and the exports
to the 13th instant are 3,449 bales. The exports during
what is usually termed the shipping season, that is from
the first week in May to the above date, amount to
about 50,000 bales. This market is in a very languid
position, and prices are much lower.
Opium.—Prices of the drug have, fluctuated a good
deal since last report, and may now. be quoted consldo-
rably lower, in consequence of the spirit of gambling..
having. subsided a little amongst our natives, and apme
connected With the Bombay opitim trade. Patna is now
worth Co.'s rs. 1,563 to 1,570 and 1,460 t;)1,645 perches'.
fOr Benares. Prices by last, accounts from China are
quoted at 780 dollars.
Rice.—Freights latterly being easier, a fair extent of
business, since the commencement of the month, has been
done at Co.'s rs. 2-2 to 2.4 per b. intl. for good clean
shipping qualities.
Seeds, Linseed.—Some small parcels, heavy and well
garbled, for shipment in small pockets for the English
market, have been sold at Co.'s re. 1-12 to 1-14 per b.
md., and the Americans have bought rather largely at
these rates.
Ginger.—A very good business has been done in this
article, and sales are reported to a considerable extent at
Co.'s rs. 5-12 to 5-14 per b. md. for well garbled, finery
parcels.
Tallow.—ln very moderate inquiry, and we only no-
tice the export to England of 64 maunds, but as the cold
season approaches, we may expect to see a good deal
doing in this article. Present prices are about Co.'s rs.
17-8 to 18.8 per bazaar manna.
Hides.— Our market continued dull for all descriptions
for some time after the mail came in, and prices, parti.
cularly for ordinary qualities, declined ; latterly, how-
ever, freights being lower, a better business has been
done.

MONEY MAEKET.
Bengui • Hurharll Office, Calcutta, Sept. 17, 1844.
Since the issue of our last overland summary our
Money Market has been very quiet, capital being in
great abundance.

Government securities have risen in consequence of
this redundancy; and Five per Cent. New Loan has
changed hands at 10 per cent. premium. It is now held
at something higher than this rate. The other loans
have also advanced,
Exchange is heavy at 1-10,1 s. or a small fraction above
a ten months' (late.

Bank Stock remains steady at our quotations.

GOVERNMENT SECURITIES.
Transfer Stock Paper 5 per cent. prem 111 oto 17 0
Bombay 5 per cent
7„ P 8
Old Sicca 5 do, according to No. „ 0 „ 8
New Company's

ipany's 5 per cent , 10 4 „ 10 '8
Second 4 ditto
.diset 012 ~ 014
New C 3.4 ditto
''

-BANK SHARES.
Bengal Bank . Co.'s Rs (4,000) preen 2,950 to 3,000
Union Bar.',; „ (1,000) „ 165 „ 170
Agra. Bank tf (500) ~ 250 „ 2EO
Mussoorie Bank „ (500) „ 45 „ 50
Bank of Western India (400) „ 230 ~ 230
RATES OF INTEREST AND DISCOUNT.
Bank of Bengal.
Discount on Government acceptances
(within three months) 4 per e,nt.
At on private bills and notes 6 _
Litton loans on deposit of Company's paper '
ft on deposit of opium and salt
” on deposit of metals and indigo 5 „
on deposit of other goods
17nion Bank. /9
Discount on Government acceptances
(within three mouths) 4
/I on approved private bills 7 „
Loans and credits on Government paper
~ on Bengal and Agra "
Bank Shares, &e.
ft on metals and indigo, in
tf
bonded warehouse
5 ,, 0
on other goods, ditto -
Fixed deposits.—lnterest is allowed on de-
~
posits for three months certain, with 30
days' notice, at , „ 3 „
For six months, with 60 days' notice, at ... 4 „
Fur twelre months, with 90 days' ROtice, at 3 „

5 ) 9
5

PRICE OF MILLION, &c.
Sycee silver. Co.'s rs 104 12 to 0 0 p 100 sa. Nt.
China gold bars
Gold dust l5 B—l 3 13 „
Spanish dollars 221 10 0 0 per 100
Mexican ditto
Sovereigns
Madras gold mohurs
New gold mohurs

TRADE REPORT.
(From the Englishman.)
Our commercial operations have, during the past
month, been characterised by their usual languor at this
period of the year. The last mail, bringing the news of
the alteration in the sugar duties, has caused a con-
siderable derangement in that trade, and has created great
anxiety amongst the principal speculators in the article,
who must now calculate on heavy losses. it is expected
that many bills drawn against such consignments will
be returned, and the operations of the money market are
consequently much disturbed. The general tendency of
exchanges, both here and in China, is downwards, and
there are some amongst the merchants who confidently
anticipate a return to bullion remittances. Should this
be the result, it is ;probable that such remittances will
be made direct from China to Europe in Sycee silver,
and that this market will be for some time deprived of
its regular supplies of the precious metal. The East
India Company has announced that its operation in
exchange for the ensuing season will be limited to
800,000 f. sterling.
The indigo crop may now be considered as certain not
to frill below 140,000 maunds, and may somewhat exceed
this quantity. A violent storm (luring the past month
did considerable partial injury, and raised the hopes of
the speculators for the moment. But neither that nor
the locusts, nor droughts in one district and inundations
in another, have been able to counteract the general pro-
ductive tendency of the season, and we have consequently
another bumper crop coming forward.
A reportjust publis.hed by the Agricultural Society of
Calcutta will put au end to the expectations of those who
thought that India might rival China in the tea trade. It
appears, on the evidence of the most experienced cultiva-
tor in Assam, that tea cannot be grown at less than one
shilling a, pound on the average of years, and this with-
out reAoning any of the expenses of bringing to market.
It can, therefore, never compete with the produce of
China, not even in this country. Advises from Canton
notice the gradual increase of the import trade arising
from the peace. The American Ambassador, Mr. Cush-
ing, has negotiated a treaty on the same terms as Sir
Henry Pottinger's, but has obtained a slight concession
in the duties on lead, which the Americans expect to
supply in large quantities from their western territories.
The opium trade was brisk, and the price will certainly
be high at the public sales of the ensuing season, pro-
bably not under 1,400 to 1,500 rupees
per chest.
The public hero is anticipating with satisfaction the
establishment of a regular monthly line of steamers,
which will relieve it from the expense of the conveyance
of letters from Bombay, and the uncertainty attending
the bad geographical position of that port during the
S. W. monsoon.
TRADE AT /lONG-KONC.
(From the Hony-Kony Price Current, July 26.)
.I)IE:MAN DoMEsTICB AND DRILLS.—There 11 still
little or no stock in first hands, but further supplies are
looked for by American ships daily expected.
"BETEL Nwr.—We hear of a sale of some magnitude
at :744,50 per pecul in Canton. Early importations, it'
tulerr.t.
men-
tioned, et.
uAtillor3s.,taanndd t furtherj3n tainigo ho,
ntliileerrewiasy
moderate, will command these
is
floc!) eAt3l,lLnEliz—e te,eschaeracreloyf
522 to $24 per
piece, but the market here
is, on the whole, as dull-as
before. At Amoy, prices ate quoted
at a dollar to a dollar
and a half over rates bore ; but there also the hands of the dealers are full. At Sh h and Ningpo some
anf ae
barter transactions have taken
CHINTZES are in demandtenplace.
salrde vwaants::tlheiisil,finergatsolst.ini ''dtgehrlaiNr
noanywhere, the market
being quite overdone.
COTTON.—We hear of a few transactions of minor im-
portance in New Bombay and Bengal. Tinnevelly is
utterly unsaleable, owing to the heavy stocks which have
accumulated in the Nankin country.
Corrox-Yans continues as depressed as before, and
sales are very difficult to effect. The stocks here and at
Amoy are very large.
Is*os.--The maket is over-supplied, and little is
consequently doing.
LEAD.—The market is somewhat firmer, in con-