The Sun.
London, England, 1852-10-26 00:00:00

THE SUN, LONDON, TUESDAY EVENING, OCTOBER 26, 1852.

NEWMARKET RACES.

MONEY AND COMMERCIAL NEWS.

(THIS DAY.)

CITY, Two o'CLocx.

The sales of cotton at Liverpool yesterday were
estimated at 12,000 bales, of which 1,000 American
were taken for export, 2,500 American and 500
Egyptian on speculation. The market closed with a
hardening tendency, and all kinds of American and
Surat were a shade dearer. The sales comprised
10,000 American, 150 Pernam and Maranham at
6id to 7id, 30 Bahia at 64d to 7d, 1,200 Egyptian at
64d to 13i-d, and 500 Surat at 411 to 51-d. Railway
Shares were firm.

(BY ELECTRIC TELEGRAPH.)
CAMBRIDGESHIRE STAKES.

KNIGHT OF THE SHIRE
HOBBIE NOBLE
Thirty-one ran.
501. ; for two-year-olds, &c.

Tickton
Maria..... 2

Sweepstakes of 10 Boys. each. Criterion Course
Gay Mannering
Old Rowley .. ...
Woodlark

There are two vessels in from Australia, one with
dates of June 15 from Sydney, another June 12 from
Port Philip. The dates are not later, but there
are a few intermediate items. The news read out of
the secession to power of Lord Derby and his col-
leagues, excited much interest and surprise. There
is gold on board the Ganges, but the amount is not
ascertained.

Upon gold mining in the northern districts, the
writer of one Sydney circular remarks:—
"Near the spot where 1)r. Kerr's hundred-weight of
gold was found, a water-worn pump was taken out by
two men working Mr. Want's claim, weighing 157
ounces, and another weighing 71 ounces was obtained
from Mr. Gideon Laug's claim; the latter is reported to
have been a splendid specimen, mixed with white,
red, and black quartz ; it was unfortunately broken
up to ascertain its value. At the Dirt Hole and Tam-
baroora Creek, 141. worth of gold per man per week is
not considered at all an uncommon circumstance,
whilst a " lucky party " will earn from 281. to 381.;
and no man is thought to be doing well who earns
less than 11. per day, while 255. to 31. is gene.
rally procured. The gold in this neighbourhood is
found in pipeolay, to which the diggers usually sink
before they commence washing, and then tunnel in
preference to throwing off the top soil. Water is still
scarce at these diggings. At a short distance from the
Green Valley, a party of three were making with a tin
dish, 3os of gold per day, but this was not enough, while
they heard that more prolific yields were being obtained
at Mount Alexander; they therefore left for that locality.
Another party of three made 25/, worth each in three
days. Many think that a large mining population
would find this neighbourhood and the banks of the Mac-
quarie to repay them well for the labour expended.
Our Northern Mines continue to improve. A party
of five having obtained at the Hanging Rock an average
of 16} ounces per week fur ten weeks, and their earn-
ings during the week previous to this report were over
six ounces per day, whilst some have done even better—
six to nine ounces to a party per day are not uncom-
mon; and throe miners took out eight ounces in less
than ten minutes. It appears that the gold in this dis-
trict lies deep, and the rich deposits have not hitherto
been found, from the diggers not going low enough
down.