The Sun.
London, England, 1842-06-07 00:00:00

- N.> nn.

LONDON
TUESDAY MORNING, J UNE 7, 1E142.

CHINA AND INDIA,

killed. There was not the least doubt entertained of
_the r
junction of the forces under Generals SALa and Poi.-
Loci; being safely effected.
Lord ELLENHOURGH was commencing a course of
vigorous operation. Accompanied by his Secretaries he
had proceeded to the Upper Provinces of Bengal to be
nearer to the granil scene of aCtion. It is much roe
gretted that Lord ELLENBOROUGH did not pro-
ceed by the Overland route to India, by which
means he would have arrived in Bombay al-
most simultaneously with the breaking out of the
insurrection in Caubul. The news of the murder of the
SHAH SOOJAH, by his own people, was confirmed.
More welcome intelligence could hardly reach the new
Governor-General. It rids him of that worst of all in-
curnbrances:—a treacherous ally.
Great complaints are made of the paucity of officers in
active service in India. One Journal states that tb .>re
were not two to each company. This is a great evil,
unless speedily remedied, may prove the destruction of
thousands of our men. The war in Affghanistan 1 as
already deMonstrated that no men fight better than our
Sepoys, when well officered. But without an abundance
of officers to lead and encourage the men in battle, and
to inspire them with enthusiasm for the honour of th
flag, no army cau be expected to fight well.
From China the news is of no importance: We give a
" Celestial" Proclamation against the "red-bristled La.-
barians," which only served to amuse the Plenipott n-
tiary. The forts along the Canton river were nearly
finished, and part of them had been unmasked. A
Proclamation had been issued by Sir H. PorrrisoEn, in
which it is declared that Hong-Kong and Chusan v ill
remain in the possession of England till our demands
are 'complied with by the ENPEROIt ; and that
they shall be considered free portS, equally open
to the ships of all nations. The Chinese in-
habitants are invited to return and reside under
British protection. Amoy is also to remain a free port
in our possession for the present. Sufficient warning
is to be given, to permit all property to be remo.ed
from it shoUld it afterwards be resolved upon to restore
it to China. One of the stipulations to be in-
sisted on before these possessions be returned, is
perfect immunity from punishment for the natives
sc ho may have thrown themselves on our protec-
tion during existing troubles. The forces with the Ex-
pedition were in excellent health. The Head Quarters
of the General Staff was at Ningpo. It was understood
that the naval and military commanders to the nerth-
ward were authorised by the Plenipotentiary to act, in
case of emergency, according to the best of their dis-
cretion. The Bengal Volunteers had embarked for Cal-
cutta ; the 37th Madras Native Infantry were just about
:o return to India ; the English troops were ready to

By the Overlan I Mail from India we have received
letters, papers, and advices from Bombay of the 4th of
May, Maiiris of the 13th of April, Calcutta of the 21st,
Caubul of the 12th, Cand.ihar of the sth, Lahore of the
10th, and from Delhi of the 30th of the same month ;
also from Chutan of the 3d of March, from Macao of the
6th, and from Ilurraith of the 30th of that month.

Of this mass- of intelligence the news from Affghanis-
tan only is-of paramount importance. Since the date. of
the accounts .brought by the last Overland Mail, our
arms hare sustained two reverses,and achieved an equal
number of •triumphs itt AfighaniStan:' •
The first'and most important of our reverses is the
surrender of the fortress of Ghuznee by Colune
PALMER, on,the 14t Of •NI arch, and the supposed slaughter
of the garrison by the Glutzces tribe us soon as they had
marched out of. the city. CuLYALMER was aware of
the murder of Sir Wx. AL•NathrrtN, the seizure • of
tieneval I;LPIILNSTONE, and the destruction of the Bri-
tisn army at Usubul ; and yet, with- an inconsistency
for which we find it impossible to account, he
stipulated that his' small force should be conducted to a
city the inhabitants of -which were madly drunk with
the blood' of ,nearly: ten thousand of his countrymen
When the • gatiison. .surrendered, Colonel PALMER
states than he bad but 300 men ; of whom
100 w,. re wounded ; that he had not more
water than would have supplied him forty-eight
hours, and that, to escape massacre, no other course was
left him. As if apprehensive that all this would not form
a sufficient Justification, he adds that General EL-
PHINSTONE had ordered him to abandon the cita-
del. This is very extraordinary, and reflects no
credit either upon LLPIIINSTONE or PALMEn.
That under the influence of fear General ELPHINSTONE,
when a prisoner in the bands of the Affghans, should
order Colonel PALMER to evacuate so strong a fortress
as that of Ghuznee, is not more surprising than that
Colonel PALMER should pretend to pay the slightest.
regard to it. The whole affair appeared to the G,o-
vernor-General so suspicious that he had directed a
court-martial, to inquire intA) the conduit of both officers,
and also into that of the political chiefs in connection
with the destruction of the army at Caubul.
`ph,' second reverse is trifling and temporary, save that
it has cost the country the life :of two brave officers--
Captain HAY and Major AtanouPn. General EISULA ND
Sti'aa repulsed in attempting to force the Kgiock
Pass, %;(1 retired to Quetta to await the arrival of re-in-
fireetnent.i. There was no doubt that his second
attempt would be successful, as he had difficulty in r
streteittg the valour of his men who called loudly to be
l 0 a si k'ond time to the t•hatge.
We now come to the really bright side of the picture,.
and gfrniously bright it is. The gallant General SALE,
besieged in Jellalabiul by AKURAR KHAN, at .the head of
6,000 Aifghans, being apprehensive that AIERBAR was
about to raise the siege to attack General Ponnocx in
be Khyber Pass, made a sortie, in which he com-
pletely routed the Afghans; burned their camp, seized all
th eir stores and ammunition, and recovered four of the
British guns taken at the Caubul massacre. The victory
cost this country the life of one of the bravest and best
Officers in India, Colonel DENSIE.

The

land and be housed in barracks at Hong-Hong.
Bombay Journals complain of Sir H. POTTINGER'S in
action. We suppose be is merely waiting for reinforce
ments from England.

Mr. FERRAND, last night, gave notice that on Wed-
nesday next he will move an Address to her -MAJEATY,
to grant a million of money for the purpose of relieving
the distress of the people. Although we deprecate, as a
general rule, the interference of the State with the peo-
ple, such a motion properly carries out the antecedent
legislation of the Session. The two Houses have passed
a law to prohibit the people from getting food for !ham-
selves. What, then, is more just or more natural than that
they should now take measures to provide them with food
and clothing? Mr. FERRAND is one of those who have voted
to keep out corn and keep out sugar; he is one of those who
voted to prevent the people from feeding and employing
themselves ; and he consistently acts up to his principle,
and proposes.to allot the public•money to feed and clothe
them. He sees that there is no halting between two
systems ; either the Legislature must undo what it has
done, and set trade entirely free, or it must take on itielf
the care of providing subsistence for all the people. A
Corn-law imposes on the State the obligation of allow-
ing no man to want subsistence. That it makes paupers
of all the working and poorer.classes, will recommend
it to those who are anxious to keep the people in a state
of dependence on them. That it will, in a few years, de-
stroy property and overturn the Government may, per-
haps, recommend it to the people. To them it will be
agreeable to be maintained in idleness like gentlemen, in-
stead of working hard for poor wages. What will he the
consequence of drilling them into expecting their daily
food from the Government, when a short allowance and
a bloody rebellion will be convertible terms, is not for
us, but for Mr. FERRAND and the Tories, to foresee and
foretell.

The House of Commons took a vote on the timber
duties last night, one of the most important parts or the
tariff. The Government proposition was supported by
the Members of the late Government in preference to
any of the amendments which were p?oposed by Mr.
I'. STEWART, Mr. ROERUCCK, and Sir H. DoucLA s,
although it was not like the proposition they would have
submitted to the House when they were in office.
Mr. BARING objected to it, indeed, that it was not

the best mode of employing 600,0002 of spare
revenue ; that it would be better to reduce
the duty on butter, cheese, wool, and cotton, if
there were any revenue to spare, .than reduce the duty
to such an extent on timber ; but as the Government
had proposed this plan he would support it. Mr.
RoEnccx's scheme for totally abolishing the differential
duty, is the one which we most esteem, and we cannot
imagine a justification of the Ministers for inflicting so
Much injury, as it is said they will inflict, on
Canada wood merchants, without being able to say-
that they do justice to the people of England.
llad they done justice by abolishing entirely the di
ferential duties, they might have set at defiance the rv-
clamations 'of interested men—the plan they adopt ad-
mits the justice of the claims of the very men they in-
jure. They fail to do justice to the people of
England, and they inflict injury on their Canadian
friends. They will deservedly lose • the confidence of
both

Mr. GLADSTONE, indeed, talked, as usual with th,-.t
gentleman, a great deal of unweighed nonsense about
equality of competition and equality of protection, as if
they could ever be produced by any law. Equality of
competition and equality of protection are the result: 45r
freedom of trade, and every law or every tax interfering
with freedom of trade disturbs and destroys equality
of competition and protection. He had, too, the
Most extraordinary way of showing that there
was now ,no inequality that can well be con-
ceived. The imports from the Baltic have not kept p: tee
with the imports from Canada, therefore he in-
ferred that. the protection and competition were not
equal—an inference his logic would never have jumped,
to; had he mot known, a priori, of the unjust discrinti-
eating
.duty. A score of other circumstances ,beshius
the duty*.might -have caused the greater increase in
the Canada trade, though, as- that injustice has been
perpetrated, it is fair 'to admit that it has, as Air.
• GLADsToNE implied, done much mischief to our Baltic
trade. Such gentlemen as Mr. GLADSTONE, however,
are perpetually finding out and explaining the mischief
done by their predecessors, and renewing that same, or
a similar mischief, by their own enactments.

A remarkable change has occurred in the spirit r f
Toryism. In the State, in the Church, in the Army an,t
Navy, and in literature, it was wont to be supercilious,
dogmatic, haughty, arrogant, overbearing, and unscru-
pulous. According to its former assertions, every thing
in the State was perfect ; to hint that there were errors
in the Church, was no better than rebellion against
GOD ; the Amy and the Navy could not be improved ;
and books and newspapers contained neither wit nor ar-
gument, and were at Once set down as vulgar, Unles,
they were redolent of Toryism. Ito opponents were un
sparingly mocked at by the Tory press ; and by our
Tory governors in Church and State, all who impugned
either were punished, if possible, with the utmost seve-
rity. Toryism, in fact, was the Lord of man, and it
treated as sinners and rebels all who were not Tories.

A few years' exclusion from office, and the experience
of the inefficiency of Toryism as the guide of life, have
wrought a great change in the Tories. In the State,
there is no longer any question that many things requirr,
to be improved ; and thu supercilious and haughty Tories
are compelled to assume the character of Reformets.
Their hypocritical adoption of free-trade phrases, is the
homage which Toryism now pays to its ancient and de-
nounced 'opponent L.- the spirit of liberty. In the
Church, a new and powerful sect has sprung up,
which can only win its insinuating way by
calmness, forbearance, and moderation ; and our
once arrogant priesthood now use the language of
persuasion instead of command. .They have felt, or
fear, the same persecution from one another which they
have been wont to use towards those beyond the pale of
the Church, and their writings begin to show symptoms
of charity. Their alarm makes them huinane.

First Hlghest Lowest

The progress of mechanical power has before now
upset a political theory, and the introduction of steam
into the Navy, in conjunction with other changes, has
almost shamed out of our Army and Navy the unim-
provable spirit. of Toryism. In politics the Tory press,
forsooth, is now the tbremost in preaching moderation.
Confidence; self-conceit, and arrogance, are now „ices
abhorred by those writers who a few years ago saw per-
fection in Toryism, and treated with the utmost disdain
others who did not worship their idols. They were so
confident that they:were always ready to flog and
bayonet men into submission to their system. All this
is now changed.. The Tories have seen their system
overthrown, and they are bewildered ; they no longer
know what political principles' are..true or false, and,
trembling for place, power, and shattered institutions,

To a style equally gallant and daring General poi._
LOCK forced the Nhfher Pass.on the sth of April. Lieil-•
tinaut CUMELNO, a promising young•officer, was hare

THE-SU-N, LONDON, TUESDAY MORNING, JUNE 7, 1842.

they pule, and whine, and deprecate the vehement and .
vigorous exposures made by Lord.Ktst:Atan and the
Anti-Corn-law League.
Their beloved Corn-law is safe in the keeping of
PEEL, and the land is overcome with distress. The
Church, they aver, is more pure and triumphant than
ever, and crime and misery have largely increased.
The landlords boast of their success, and the people are
in despair, almost ready to rebel. PEEL has been ten
months in office, and the condition of the country is
worse than ever. He has been obliged to have recourse
to the extraordinary step of advancing the public money
to save some communities from starving, and to ask, by
a general alms, for help to an inefficient Government
and a pauperised people. Facts like these have set
adrift the whole Tory theory, and pilotless and rudder-
less it is driving at the mercy of circumstances on the
ocean of politics.
It
.cannot account for the distress of the people—it
cannot account for commercial convulsions. There
is, it is said, great abundance of food in the land,
yet the people are starving. There are millions hungry
and naked, who demand food and clothing, yet the '
people want employment. Wealth is abundant, yet the
multitude are degraded into paupers. Property is safe,
and yet destitution is the general condition of our Intel
ligent workmen. The House of Lords is safe—demo-
cracy has made no progress:—the Charter is not yet the
universal creed,—nevertheless, political society is in con-
fusion. All these circumstances astound the Tories;
and, assuming a mock modesty, they entreat all their
opponents to be calm and forbearing. Other men are
not to speak truth, because they have not yet learned it.
Correct principles are not to be expounded, because the
Tories have not yet fathomed them. Toryism, in fact,
is coming to an end, and the present object of the Tories
is' to prevent the nation finding out and establishing a
truer and a better system.

The French Journals contain but little news of inter-
est. lye give the following extracts from them
Yesterday we noticed an absurd paragraph about an Eng-
lish squadron sailing to occupy the Regency of Tripoli; and,
to-day, we find the following letter, if posiible still more ridi-
culous :

SUM ARY O ittlElo.

AN 1)
public eptutott.

" IVito runs may read."

PO&EIQN.

The news from India is important, and 2.3 its substance car:-
not be compressed in a paragraph we refer our readers to the
summary of it given in our first article.
By the arriv,.l of the Levant mail of the Ist instant, we are
in possession of advices from Constantinople of the tith
Alexandria of the 16th ult., Smyrna of the 19th, and Malta the
26th. Our dates from Alexandria are of the 23d, and from
Malta of the 30th ult.

The French Government received on Friday afternoon a te-
legraphic despatch from Bayonne, announcing that the' Spanish
Cabinet gave in its resignation on the 3uth ult. The Regent
had sent for MM. Olozaga and Ferrer, anti the Presidents of
both Chambers, to confer with them on the formation of a new
Cabinet, but nothing had been decided. It was said that MM.
Oloaaga and Ferrer had refused to take upon the assives the
construction of a Ministry. The Cortes had suspended their
sittings until the close of the Ministerial crisis.
A Bayonne correspondent of the Ist instant states, that a
small insurgent rorce had appeared in Biscay, under the com-
mand of a late sergeant of Miguelites, who, though compro-
mised in the events of October last, contrived to escape, and
had been since concealed in the mountains.

" A letter from Toulon, May 30, says :—' According to in-
formation derived from the best sources, we have every reason
to believe that the American squadron in the Mediterraneon is
at present in Morocco, and it appears certain that instructions
Were lately forwarded to the little Freneh squadron commanded
by M. Turpia, relative to the attitude which it was to assume
with respect to the American squadron.' "
The Journal de Smyrne of the 19th ult., says :—" The
French brig La Fleche has just returned into harbour from the
coast of Greece. She conhrms the account of the attack by
pirates upon the Petit Matelot, and states that no similar at-
tempt has been made."
The birthday of Queen Victoria was celebrated at Vienna
by a splendid banquet given by the British Ambassador to the
Grand Dignitaries of the Court and State, and the Corps Diplo-
matique.
A letter from Tours states that a company of foreign bankers
has made offers to the Government to undertake the exe.ntion
of the railroad between Orleans and Nantes.— Galignuni's
Messenger.
The Journal de Sntyrne announces that serious disturbances
took place at Ainatz, on the 4th and sth of May. Ibrahim
Bey had caused six of the Primates of the country to he treache-
rously arrested ; on this the people rose, besieged Ibrahim in
his palace, and obliged him to set the Primates at liberty.
In this affray nine Turks and three of the rioters were
wounded. The latter assembled next day to form a sort
of popular Government ; they have also made purchases of
powder and ball, with the intention of resisting the troops
which may be shortly expected from Constantinople.
The Fleche French brig, which arrived at Smyrna on the
Idtli, brought arrivals from Arivali of the 12th :—" Outward
tranquillity," says the Journal de Smyrne, prevailed in that
place ; it is, however, evident front the irritation of the people's
minds, that it is requisite for the Porte to adopt speedy and
energetic measures. The appearance of the Fleche had an
excellent effect at Arivali."— Commerce.

We learn from Malta, that the squadron under the command
of Vice-Admiral Sir E. Owen, put to sea on the 20th, and on
the 24th, after exercising the guns, was seen standing to the
northward.

Letters of the 18th from Constantinople state that the Otto-
man Government was highly pleased with the last accounts
br-ought from Syria by the Austrian Lloyd steamer. Imme-
diately on their arrival a Council was held, under the presi-
dency of the Grand Vizier, at which measures were adopted
for the final pacification and organization of that country.
According to the last accounts from Trebisond, Sir Joha
M'Neill was expected there from Persia, and it was believed
that the Locust steamer would remain at Constantinople in
order to convey his ExCellency to England.
The Lords had a brief conversation last night about locking
in on railways, from which it results, that from this day for ward
the Dire.ctors of the Great Western will not lock in their pas-
sengers, but tract them to their own discretion.
Lord Denman brought in another General Affirmation Bill,
which was read a first time.
The Commons forwarded a good deal of private business.
Ilr. O'Connell presented a petition from an individual of
Belfa.t, pointing out how he had been bribed by Mr. E. Ten-
nent, which was ordered to be printed, that it may be taken
into consideration.

BOU USE-PARIS, SATURDAY, JUNE 4.

In reply to Mr. W. 0. Stanley, Sir II Hardinge said that
some of the correspondence relative to rejecting a tablet from
the church at Quebec never reachd eEngland. Sir Henry paid
a handsome compliment to the memory of the gallant officer
whose memorial the Bishop of Quebec excluded from the
eharisit.

Addeiley moved that a new writ should be issued for
Newcastle-under-Lyme. Mr. Iluase moved to postpone the
issue fora fortnight, and he would, iu the meantime, move for
a Committee of Inquiry into the bribery practised there. After
a short debate the writ was ordered to be issued, after a divi-
sion of 143 to 97 votes, the Ministers supporting the motion to
issue the writ.

Last

Lord John Russell obtained leave to bring in a Biil for the
more speedy and better prevention of bribery at elections. The
Bill of the Noble Lord will have for its object to prevent. com-
promises. From the few words said by Sir Robert Peel, we
may infer that the Noble Lord may be able to carry the Bill
through the House this Session.
In the Committee on the tariff, which was proceeded with
after Lord John Russell s motion, the timber duties were dis-
cussed. The Committee divided on Mr. Roebuck's mo-
tion to render the duties on foreign and colonial timber equal,
which was lost by 243 to 16. Mr. P. Stewart's amendment,
to reduce the duty on colonial timber to 55., and on fireign
to 351. per load, was also discussed, but no division taken on it.
At halt-past one o'clock Sir Howard 'Douglas persisted in
bringing forward Isis views on the propriety of fixing the duty
on foreign timber at 305., and on foreign deals at 385., atter
the 10th of October next, and in negativing Sir Robert Peel's
proposal. The Hon. Member said he did so from conscien-
tiously believing that Sir R. Peel's plan would injure the co-
lonies. It was impossible, however, to discuss such a question
at such an hour, and the Gallant Officer had to address a list-
less and inattentive House. The Gailant Officer did not even
press his objections to a division, but allowed the Government
proposition to be agreed to. The scale of duty on timber, as
proposed by the Government, was accordingly adopted, and at
a Quarter-past Two the House adjourned.

Price Pike. Pric.. Pric..
r french D per 119 90 .... 120 ... 119 85 ... 119 95
4;4 per Cent' lO7 50 ... 107 50 ... 107 50 ... 107 50
4per Cents.
3 per Cents B2 5 82 5 .. 81 95 ... 8.1
Rant ot Vrance

Unlit. Nang %OWL Shares 5070 ...5(,70 751/70 ...300
ttelgian 5 per Cents • lO4 ... 114 , ... 104 .. 104
$ per Cents., 1840 105% ... 105% ... 10 •% ... 115%
Spanish Active. t4 ... :3 ... 24% ... 2.,4•4
Passive 4% ... 4% ... 4% ... 4%
Portuguese 5 per Cents. lll% ... 21% ... 21% .« 31%
Neapolitan lO5 50 ... 1115 50 ... 105 st) ... 1.5 50
Roman
.. _ _. ..... _ ___

Bank Stock
3 per Cent. Red. .. 9ll
3 per Ceut. Cons....
311 per Cent. Red 100 i
New 3i per Cent... lOl
New 5 per Cent
Long Annuities to expire
Jan. ISt) ... l2.k
Oct. 1859
Jan. ISuIJ
FOREIG

MONEY and COMMERCIAL NEWS

CITY, MONDAY EVENING

The funds have received a further downward tendency
in consequence of the intelligence from India and Spain to-
day, and although the Bank broker has purchased largely,
prices 4. are somewhat below those of Saturday. Consols
are 91 for the opening, ex dividend ; Three per Cents. Re-
duced, 91i 91i ; Bank Stock, 167 i 168 i ; Exchequer Bills,
45 47 premium.
In Foreign Securities the prices of Belgian Bonds were
102 103 ; Dutch Two and a Half per Cents. 522 521 i ;
the Five per Cents., 101 1011; Danish, 80i 81k; Bra-
zilian, 67 66. _ .

The share Market was exceedingly dull. Prices were,
London and Birmingham, 177 179; Birmingham and Glouces-
ter, 50 52 ; Great Western. 86 S 7 ; the Had Shares, 60i 6111;
South Western, 62 63 ; North Midland, t 5 67 ; the new
Shares, 32 33 ; South Eastern, 244 254, Scrip, 711 74 ;
Eastern Counties, 9 9i; orthern and Eastern, 43 45;
lslack-
wall, 11 ; and Brighton, 35 35i per Share.
The quotations of the bonds were—Colombian, 26 264;'
Peruvian, IS 19; Portuguese Five per Centa., 36i 375; the
Three per Cents., 21 22 ; Spanish Three per Cents., 214 23 ;
the Five per Cents , 21i 21i.
(Front The Jun of Last Night.)

The general tone of the Money Market dues not appear to be •
improved, neither has the feeling el uneasiness which
has ptrvaded it during the last few days subsided.
Some apprehension its felt that the circumstances
which have obliged the Spanish Ministry to resign,
may have a serious effect on its political relations
with other countries. Meanwhile business is going on, in the
most limited scale, and prices remain nearly as on Saturday,
although the Bank broker has purchased about 100,0001. Re-
duced. Consols are 91/ 91 for the opening ex-dividend ;
Three per Cents. Reduced, 91i 9o; Three-and-Half per
Cents.heduced, 99/ 100/ ; India Bonus, 24 ; Exchequer Bills,
Old, 45 47 ' • and Advertised, 18 prem.
Prices of Foreign Securities are—Belgian, 102 103 ; Dutch
Two-and-a- Half per Cents., 52/ 52..; the Five per Cents.,
101 101/ ; Brazilian, 6768.
The quotation for Mexican is 351 36*.
The Share Market is flat, and purchases have.been confined
to Brighton, 35i 36k ;- Loan notes, 5* 51; Eastern Counties
New, ti/. 14s. 2d ; South Western, 62/ ; Greenwich, Q.
The Bonds are quoted, Colombian, 25-i 26*; Peruvian, 18
19 ; Portuguese Five per Cents. 36} 361 ; the Three per
Cents. 21/ 213/ ; Spanish Five per Cents. 21 2IA ; the Three
per Cents. 214 22.
It will Ise seen that speculators for a fall in Spanish have
partially succeeded in their object; and the folly of dealing in
these and other similar documents will thus be clearly per-
ceived. Opportunities have been frequently taken in this
paper of pointing out the real nature of the transactions usually
going forward in them, and, although the most solemn assur-
ances have been given that the dividend promised in July was
actually provided for, yet a fall of nearly four per cent.
has taken place, consequent upon a change • of
Ministry. If the assertion were true, this event could not
affect the prospect of the holders; if not, the quotation now is
far above what it should be, and the correctness of the news
which have from time to time been put forth is proved.
The mercantile accounts by prisate letters from India are
generally more discouraging than those by the last mail would
have led us to expect ; and both at Bombay and Calcutta
European piece goods are now in less demand, with lower
prices. The heavy stocks are doubtless a principal cause of
this stagnation, but the state of the Money Market, consequent
upon the expellees of the war in the North, has greatly added
to cominercial embarrassments. From Calcutta it is stated
that business was nearly at a stand, and that public confidence
was greatly shaken ; while at Bombay the exchange on Landon
had fallen to 2s. lid. per rupee fur six months' bills, and
2r. aid. for those at three months ; and Gold had declined to
10, 8 per pound sterling.
The intelligence from China is not more encouraging; trade
being carried on solely by barter, and the Chinese having al•
ready abundant supplies of imports on hand, do not appear de-
sirous to part with their commodities, which they know we
must have, exeept upon terms very advantageous to themselves.
The step of proclaiming • Hong. Kong, Chusan, and Arnoy
free ports, is, looked upon as extremely judicious, and is
expected, in the course of a short interval, to place
our trade with China upon a substantial basis. The intelli-
gence receivedirom China for several months past has always
represented the natives as far more disposed to place
themselves under the protection of the English au-
thorities than to remain under their own Govern-
moot, and this view appears to be fully confirmed
by letters received by the present snail. If such be really tare
fact, it may be expected that a regular supply of tea, and other
produce, will then be obtained. The total quantity of tea
shipped to England and Ireland between the commencement of
July, last year, and the 20th of February, in the present year,
is given at 26,405,788 lbs.

The official returns, made up to the 31st of May, state the de-
liveries of tea, fur the first five months of the present year,
to have been 14,357,000 lbs., and for the like period of 1841, at
14,628,000 lbs. ; the stock at present at 33,175,000 lbs., and in
1✓641 at 26;620,000 lb,.
LIVERPOOL COTTON MARKET, JUNE 4.—The Market was
very quiet, and the saies did Out exceed 3,000 bales at former
prices.
LIVERPOOL SHARE MARKET, JUNE 4, was extremely dull;
the sales were few, and confined to the Eastern Counties,
41. ss. 6d. ; Liverpool and Manchester Halves, 84k; Midland
Counties, 71i ; Quarters, 17i ; North Union, 71, and South
Eastern, New, si. a
MANCHESTER STOCK EXCHANGE, JUNE 4.—The market
continues quiet in Railway Shares. Bank Stock is in good
demand, at improved prices. Manchester and Leeds Half
Shares, 36k; Bank of Manchester, 41. 6s. 3d.; Manchester
and Salford Banks, 101. Bs. 9d. ; Union Bank 01 Manchester, 6i.

CLOSING PRICES.
BRITISH FUNDS.

;India Stock pm
'Ditto Bonds
Ditto Old Annuities
Ditto New Annuities —
Ex. Bills, 1,000/....2d 45 pm
Ditto 500/ — pm
Ditto Small
Bank Stock fur Acct._
India stock for Acct —
,Consols for Opg. 9li
4 FUNDS.

Austrian, 5 per cent. — Portuguese, 5 per cent.
Belgian, 5 per cent — Ditto, New Ditto
Brazilian Bonds... 664 Prussian, 5 per cent. ,
Buenos Ayres6 per cent. Russian, 5 per cent
Chilian, 6 per cent — Ditto, ,Iletalhc —
Colombian, 6 per cent... 25i 'Spanish, 5 per cent...... 21i
Ditto, 1824 251 :Ditto, Deferred.... 10
Danish, 3 per cent. Bl4 French, 5 per cent. —f. —c.
Greek, 1825, 5 per cent. Exchange........... —f —c,
Mexican, 5 per cent 36 ;French, 3 per cent. —f. —c.
Ditto, 6 per cent. 1837 ;Dina, 4 per cent. s2i
Peruvian, 1825, 6 per et. !Ditto, 5 per cent. .. 101 i
SHARES.
Bristol and Exeter (70 paid) ...... .. 43
Eastern Counties Railway (23 paid) ...
Ditto New Shares ( paid) ...
Edinburgh and Glasgow (50 paid) ...... 51
Ditto :Sew Shares ( 3 paid...
Great Western Railway (65 paid)
Ditto Fifth (4 paid)
London and Birmingham (90)
Ditto Thirds (32 paid) 594
Ditto New Shares ( 2 paid) ........ 30
London and Greenwich Railway (121 15s 4d pd) 6i
Loniton and South Western (431 15s Od pd)
South Eastern and Dover (50 paid) 25
Ditto Scrip. ( 5 paid)