The Press. — London, England, 1858-08-28 00:00:00

838 the incline towards Stourbridge. The first portion of the train, after staying at the Round Oak station for a few minutes, ran back after the detached part, and ran on to within a hundred and fifty yards of the scene of the accident. We then heard that an accident had occurred, and that scveral persons were killed and wounded. By the tinfi we got out of the carriages, several persons were being carried away. I did not see the guard, nor the person who was on the tender when I left lidston. It was very dark indeed. They may all have been there, but I did not see them. I made no inquiries when I got to my destination. By the JurtY: I cannot say there was a guard. I saw no lights at all. I did think it was to be solely a train for children. I made no objection to so many persons getting up ac Round Oak, Worcester. JOHN PHILLIPS said : I am station master at Wor cester. I was at the station when the excursion train arrived about half past ten on Monday. There were two engines, both in front of the train. I do not know their power. I don't know the names of either of the drivers. The guard in the front was a stranger; in the latter was Cooke. There were probably forty carriages. 1 don't know the number of passengers. If anything wrong occur:ed between Round Oak and Worcester, it would be the guard's duty to complain to me ; but he did not do so. We keep chains at the station, none were then asked for. They are called " couples " and " side chains." I rode from Netherton to Round Oak on the engine. I was there the greater part of the day. I was not at Worcester when the train returned ; I was at Dudley. I left my head clerk in charge. There are telegraphic communications between the stations, but they were not put in requisition. There are no signals for go'ng up or down the incline. I was at Dudley when the news arrived, and remained there to'assist the wounded. It is not allowed the guard to take persons in the van in ordinary trains, but it has been done. It is the station-master's duty to see to the safety of the train generally as it passes the station. Robert Beacon, a porter, gave me the chain on the night of the accident at the Round Oak. The chains are in the same state as they were then. The screw coupling is an inch and an eighth diameter at the bottom of the thread. There is not, I believe, any way of testing them. By Mr. KING : It is my opinion that the shackle and side chains were all fastened, from the fact of finding that the shackles are broken, and the screw coupling was wrenched from the buffer plank. By the JURY : I cannot swear these couplings, &c., belong to the carriage, but I have no reason to doubt it. Cross examined by Mr. Burtauriv • There is no signal for obstructions between Round Oak and Brettle-lane. It is not required. If two couples broke in the morning it does not follow that they would break with less strain in the evening. By a JUROR : I am master of both goods and pas senger stations. My offices were at the goods side. I often begin at five ; at ten am only just finished. I am called from one side of the line to the other when required. The inquiry was then adjourned for a week. pug 'iarl►et an OLitg FRIDAY EVENING. THE return of the Bank of England f ,, r the week ending Wednesday last, the 25th inst., shows the following changes compared with that for the week preceding : Decrease in Circulation Increase in Public Deposits . . Decrease in Other Deposita Increase in Goverunient Securities Decrease in Other Securities 114,205 Increase in Bullion Decrease in Rest 42,834 Increase in Reserve 272,286 Bullion in both Departments Circulation, including Bank Post Bills The most prominent features in this comparison are the large additions to the stock of Bullion, the increase in the banking Reserve, and the continuous falling off in the Private Securities, which are now hat a fraction over fifteen millions. The addition to the. Bullion is mainly owing to the cessation, or rather to the diminution, of the conti nental demand for gold; and the Reserve has been strengthened by the Public Deposits and the release of Private Securities, constituting a larger aggregate than the sums repaid to depositors and those invested in Public Securities. It is clear, front the uninterrupted decline in the Private Securities, that whatever demand there may be for money, for commercial or other purposes, it is readily satisfied without having recourse to the Bank. 'l'h return, as a whole, is essentially satisfactory ; bat the proprietors would probably be better pleased if a little more active employment could be found fur the large masa of notes lying idle in the With respect to the position of the Money Market, we have not much change to announce in it since our last THE PRESS, AUGUST 28, IssB. report. It is, if there he any change at all, a shade easier, inasmuch as the rates, which then averaged two and a half per cent., are now practically at not more than from two and a quart-r to two end a half, although there have been more bills in the market than for some time past. 'llia is owing to the increasing magnitude of the supplies, or perhaps it would be more correct to say to the increasing desire on the part of the banks and other establishments to employ their reserves in discounts, seeing that the commercial paper now afloat represents a bona-file, safe, and improving trade, and that merely speculative enter prizes meet with no countenance whatever from any class of commercial men. Yesterday and to-day the applications for discounts twain ialieatial a gradually increasing number of transactions, but not sufficient to influence the terms stated above. The supplies in the market during the early part of the week were not affected by the payment, on Monday, of the instalment of twenty per cent. upon the issue of the residue of the 8,000,0001. India Loan, nor by the fact that nearly 400,000/. are due to-morrow as calls upon one of the lnilian railways. Indeed, with regard to the loan, a con• siderable amount was fully paid up in anticipation, the dia. count of three per cent. being an ample inducement to many parties to part at once with their capital ; and with regard to the railway call a portion of it has long since been paid up from similar motives. In this way, at such a time as the present, Indian euterprizes of a remunerative descrip tion command an amount of support that guarantees the public against any interruption of the works from financial impedimenta. The Company, too, are adequately supplied with resources from the loan already paid up, indepen• dently of the porti nis falling due, to meet the charges upon them, whether arising from measures necessary to prosecute further hostile operations or to liquidate arrears, assuming that the war is, as we believe, practically at an end. In the course of the present week an arrangement has been made with the Bank of England whereby the loan of 1,000,0001., made a year ago upon the security of India Bonds, has been renewed for another year instead of being paid off; and it has been renewed at the moderate rate, for such a period, of three and a quarter per cent. The resources of the Company are thereby increased pro tanto ; and the Directors will hand over to their successors a treasury amply furnished, and with a small aggregate of liabilities considering the fearful crisis from which Liar is just emerging. It follows therefore, from present appearances, that, beyond the calls now maturing, India is not likely to create any further pressure upon the Money Market. The demands upon it from this source having practically ceased, are there any others, of an extraneous character, likely to affect the value of capital ? We cannot foresee any, unless Turkey again appears in the market; and in her case the terms are sure to be hard and onerous. Assuming this view to be correct, as it lifulariitiOnlibiy is at the present moment, it is tolerably clear that the only remaining means of finding employment for capital will be in the pro motion and extension of commerce, of electric telegraphs, of steam navigation, and in other analogous means of in creasing oil: communications with the world, and opening up markets for the consumption of our manufactures. The demand for capital for such purposes cannot make much immediate impression upon the supplies. It can only come gradually. Capital, therefore, is not likely to be increased in value for some time from these causes. But, on the other hand, it must be rc collected that we are now approaching a period of the year when special and inci dental circumstances create local inquiries for motley ; and that within that period there are usually less additional resources from dividend and other regular payments. The tendency therefore in the next and preceding months previously to Christmas will naturally be to somewhat stiffer terms; and it is not at all improbable that before November the liank may deem it expedient to add one half per cent. to the existing minimum. But meanwhile not enough of employment can be found for money at three per cent. ' • and there is a strong probability f ea t b e f ore our next the Bank of France will have reduced its rate from three and a half to three per cent. Rather less than 80,1)001. in gold has arrived since our last. But from the supplies received previously, princi pally from Australia, about 330,0001. have been sent into the Bank. The exports have been under 4,0001. The Bullion movements during the week have consequently been unimportant. With regard to the supplies of gold for some time to come, the prospects are as favourable as they could well be. The Continental Exchanges have risen to a point which renders it probable that we shall retain all that we receive, although it is quite possible an exceptional demand may be maintained from France, and for Austria through France. Moderate amounts frequently arrive from Russia, and the Persia, due to-morrow from New York, is expected to bring a large amount. it was ex pected that a considerable proportion of the United States Government Five per Cent. Loan of 2,000,0001. would have been taken on English acconnt, in which case there would have been an interruption of specie shipments. But it so happened that the bidding* on English account were not successful. Specie therefore must, in the present state of exchanges, continue to be shipped. Ere long we shall feel the influence of the supplies from Frazer River. Large supplies are now overdue from Australia. At least 1100,0001. is en route and now due. we are in daily expecta tion of hearing of the arrival of the Australian mail steamer at Suez, with a large remittance, and with advice:: of further consignments by sailing vessels. Under all these circumstances it is only to be repeated !fist the stock in the Bank will probably be considerably enlarged during the ensuing mouth of September. The members of the Stock Exchange are slowly return. ing to business, but hitherto they have not shown much spirit in contracting engagements. The Funds, however, notwithstanding the limited number of transactions, have improved, although the highest prices of the week were not quite maintained to-day. Railway Shares have, with here and there an exception, obtained a decided rise, which appears at present to be safely established. The improvement c,oin• meneed upon the publication of the intelligence of having been made with China upon advantatveous tlkle° although the fsct was doubted for some time hemar i "' confirmation of it WAR pnblished by our tnwn Govern: n" and it has been sustained since by the inherent strenenal' of the market—the Bulls being sanguine and the liegius discouraged. Consols, which left off this day week at 961 ouch advanced to 90i to OS; and to-day they closed at Utif to , . The Governent broker has been a d a il y purchaser to the In of ab out 10,0001. e In the Foreign Market there was much ateadinei s up to yesterday, when some stocks, stud' as Brazilian, pea. vian, and one or two others, obtained a marked advance. There was less activity today, but quotat i ons wile 'bunt the same, and nearly us firm. Railway Shares have advanced from One to two per cent. and there is no prospect of any substantial reaction. Atlantic •Telegraph Shares have been dealt in 'Must daily. The present quotation is tie. Red Ses Telegrspli Ito j prem. firm. Exchequer Bills have improved about 2s. since oar lis t . The present prices are :11s. to 343. prem. far March, sisi 22+. to 255. fur June bills. The Board of Trade Returns for the month ofJuly, pals lished yesterday, are favourable as indicating a growing increase in our exports. They amount in value to Vitlasit more than in the previous month of June; and there ha been a very large consumption of imported commodities. The Southampton Dock Company have declared a dividend for the halfyear at the rate of three per neut. per annum. At the Court of Bankruptcy, on Tuesday, Messrs. Calvert and Co. were ordered to give a bond for loom, a ot c h r e e r t w h i to se r. If satsfi ll 4 te i p m e n n d din b g e a n n ot a g ct iv io e n n , fi o i r r i t i l l i e at el a a lou h n e t n b o y t within seven days, an act of bankruptcy will have 'Neu committed. The wool sales, which commenced on the 15th July , closed on Tuesday, with the exception of those fur low woola, which closed to-day. The quantity offered comprised 709114 bales. Of this vast amount the whole was taken by the home trade at an advance of from Id. to' d. per lb., except about 2(J,000 bales purchased fur the Continent principally France. This is a less proportion than mat; while the proportion taken by our own manufacturers much greater. As rates have advanced from the bona• fide character of the demand and not from speculation, of which there has been literally none, the woollen trade may be regarded as in a sound and progressively prosperous state. The Provincial Trade Reports are very favourable. The exceptions to improvement still proceed from the iron mat hardware trades ; but even these are advancing, gratuttlly, towards prosperity. FROM THE LONDON GAZETTE. Tuesday, August 24. BANKRUPTCY AN N ULLK D.—SAMUEL NEWMAN,Lee, Feu, builder. . BAN LIU PTS.—WiLusx Borns Powsu., Leadenball•street, ship broker—HENßY JOHN HALL, MAXE•illtle Chambers, alop broker—THowss BARNES, NeWMIII street, Oxford.street, jeweller-6 EOROE WASHING lON CHASM:AHD, County Chuubert, City, metchsin—JOHN ANTHONY, Plymouth, ironfouscier— Ds.YLD LLOYD, Wrexham, cabinet maker. Friday, Auguet 27. BANKRUPTS-EDWARD 1110110tN, Cheapside, Stationer- CHAS. POWELL and EDWARD COOKE, Ilercules-chamben, 0:4 Broad-street, City, milling share dealers-SAMUEL U. CULI.Ey Coleman-street, City, wine merchant-JOHN STONES and Go. STONES, Smethwick, Statfordshi re, iron manufacturers-ROBEET GRAY, Nottingham, glass merchant-Ml.lJan F. F. P. linvor, Bridgend, Glamorganshire. ironfounder and saricultatal land& meat maker-Jona JONES. King's-mad, Chelsea, draper- RICHARD W, SAUNDF.RS, TIOHIIe, Oxford, saddler-Thous NICHOLSON, Lydney, Gloucestershire, coal merchant-Ggssoy /doltE•rou, Liverpool, boot and shoe dealer-HENRY Liverpool, merchant-WILLIAM SHAW, Liverpool, ironmonger. - JOHN W. MEDLEY, Durham. plumber. t r A P PIN'S DRESSING CASES AND TRAVELLING BAGS. MAPPIN BROTHERS, Manufacturers by Special Appoint* meut to the Queen, are the only Sheffield Makers who suppll the Conrumer iu London. Their London Show Roouis, owl 1:13, KING WILLIAM STREET, Lindun Bridge , contain by, fur the largest STOCK of DRESSING CASES, and ladle, and Gentlemen's TRAVELLING BAGS iu the Weil& ev.h Article I.eing manutictured under their own superintendeuce. MA PPIN'S Guinea DRESSI NG CASE for Gentlemen. NIA ppi Two• Guinea DRESSING CASE, In lead Leather Ladies TRAVELLING and DRESSING BAGS, from 21. 1 2 i. to 14)01 each. Gentlemen's do. do., from 31. 12s. to AOl. Messrs. MAPPIN Invite Inspection of their extensive Stock, 'which is complete with every variety of Style and Price. ward . a , A costly Book of Engravings, with Prices attached, for by post on receipt of Twelve Stamps. MAPPIN BROTHERS, and 6 4 , KING WILLIAM STREET , CIT Y, Manufactory— ON POS. In L QUEEN'S CUTLERY WORKS, SUR/VELD DR. DE JONGH'S LIGIIT-BROWN COD LIVER OIL , entirely free from nauseous flavour and atter taste, is pre• scribed with the greatest success by the faculty as the safest speediest, and most effectual remedy for Conseil*Uoa, Bron chitis, Asthma, Gout, Rheumatism, Skin Diseases, Neurslos. R.ckets, infantile Wastit.g, General Debility, and all Y.crefolues Affections. Numerous spontaneous testhuonials from plop cans of European reputation attest that, lu inionnerablecases where other kinds of Co 1 Liver Oil had been long and copiously administered with little or no benefit, Dr. de Jengh's Oil has produced almost immediate relief, arrested disease, and restored health. Sold in IMPERIAT. Half• Pints, 2s. 61.; Pints, 4s. 9d.; (NW" , 95., capsuled, slid labelled with Dr. de dongh's signature, airs. OUT wit ion NONE CAR POSSIBLY BE GENUINE, by most respect able Chemists. SOLE BRITISH CONSIONEES, ANSAR, lIARFORD, and CO., 77, STRAND, LONDON , W•C