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LATE AND IMPORTANT FROM CHINA.-The ship Narraganseu arrived at New York on the 23d ult., bringing dates from China eleven days later, with te important intelligence that the English for ces had opened their attack on Cauton.

 On the Fist of May, Capt. Elliott, after moving the whole British force 10 the immediate vicinity of Canton, gave notice to the non-resdents to retire from Canton before Previously to this order, the exasperaton of the Chinese against the English had reached the very highest pitch of excitement, and every preparation made for vigorous re- slstance and offensive movements. In the pack hou- ses and on the roofs guns had been planted, and cry street leading to the waters edge contained masked battery, with pennons and flags flying over 1t. The whole river, from what is called French Folly, to the most northern end of Canton. presented one uninterrupted line of Notifications.

 On the Fist, hostities commenced \ m an attempt upon the part of the natives to burn two English sels in the river, by driving upon them fire ras and other combus,ible materials.

 " This act," (says New York letter,) [" was avenged by the Pylades and steamer Nemesis, that attacked and destroyed battery the factories, and anout forty fire boats and as many fire rafts. 60 the morning of the 22d, an American resi- dent was seized by the Chinese, and taken from his facoryi at the same time that boat belonging the American ship Morrison, with three passengers and seven seamen, were captured after leaving the iactorles tor hampoa, and the party carried pris oners into the city.

 " From this. the time occupied by the Eng

 fish in concentrating their forces near the city until the 24th, at P. M. The Hyacinthe IS, Modesto Is, Pyiades IS, Columbus l6, Cruiser 16, and Age rine 10, having taken up thelr position in front of the | and suburbs 0npned thu;r slve point of the Chinese, who returned it with con siderable spirit al first, but soon compelled desert their guns. At P. M, body of soldiers, about four hundred, landed at the foreign facto- ries, in the vicinity of which the Americans who had been taken prisoners days before and examined l ny the authorities, were released.

 :" The hrlng was continued until about P. M when the suburbs were fire in several places, and nearly all the batteries shore in possession sf, destroyed by the English

 " While this was going on in front of Canton, Ge- neral tough was landing his troops, eighteen hum dred men, al the foot of the heights in the rear of the city, and on the morning of the 25th, e commenced operations. Particulars of the days work are not yet known, further than that with the loss of forty Killed and wounded, four batteries taken

 rom the Chinese, and great numbers of their officers and soldiers kIlled the heights comma ndng the city

 aken and the British forces entrenched upon them. " The loss of the Chinese upon this occasion is va riousy estimated, at from three to five thousand, and even as high as ten thousand men and they find to their cost and extreme disappointment. that they are unable to cope with European troops shore,

 they have before proved themselves in their ensun- ters with British forces aaoat.

 (" On the 26th, the vessels of war were engaged in quieting and destroying the few remains of opposi- | tion, and Tn the evening, mandarins called the captain, with flags of truce, to negotiate for the pre- I servation of the city.

 " Our advices from the ofaction and negetia-

 on are to the morning of the 27th, when il said that the Chinese had capituated and offered great sum of money for the ransom of the city, which, it was then supposed. would be saved"

 Another account says the loss of the British was very severe

 It is stated that there from forty to fifty thou sand Tartars and Chinese troops within the walls of Canton.

 Of course the Tea trade in a state of suspen- sion, and it feared that the Merchants would not venture back to the city, unless on some assurance stronger than the mere guarantee of the Ceestias.

 We enclose report of the cargo of the Narragan- set, Gays mercantile correspondent) by which you will that the total export since the lst of July of last year, is only 90 300 chests. We doubt if the la ding of the American ships at Whampoa will be com peted without much delay; and vie wing the state and prospect of foreign relations with China in whatever light we may, still we look upon as almost cer tain, that high prices for Teas. must and will rule in Flu rope and America during the ensuing year or two.