29th Feb, went-mnrormep Chinese gentleman who has lately come down overland from Tientsin asserts that the stories with which the Peking Gazette has been filled of late of great victories obtained over the rebels in the north! are almost entirely fictitious; that the numerous decisive actions reported have not taken place at all, the severity of the weather having made operations impossible on either side. 'The rebels, some twenty thousand in number, well armed, are snugly ensconced in' their mountain retreats, and will assuredly break out again as soon as the weather moderates; and this news is confirmed by private advices received from other sources, 'I'he outlook is not at all promising for China, and for foreigners in China, whose trade is, not unlikely to suffer also from the serious unrest in Europe, one symptom of which is denoted in the Reuter's telegram that we publish this morning. With the} Chinese government harassed by a! rebellion in the north, and European governments occupied with their own troubles at home, the discontented people in the Yangtze valley, among whom there seems to be more organisation that we at one time believed, are not unlikely to be heard of unpleasantly again this summer. The foreign trade in China generally is, owing to more causes than one, by no means ina bril-Vaut position; and though there is no cause yet for despondency, there is considerable ground for general caution.
Text read from the printed page and cleaned; old type leaves the occasional error.