The Sun.
London, England, 1853-09-27 00:00:00

THE SUN, LONDON, TUESDAY ENENING, SEPTEMBER 27, 1853.

:and to terrify legitimate holders, was exceedingly
natural, and might have been anticipated without
any extraordinary degree of foresight, or pretended
i powers of vaticination. But that bona fide capi-
talists, stout country gentlemen, sturdy yeomen,
and comfortable retired tradesmen, who only
looked to the security of the dividends, and would
not think of disturbing their investment even for
the purpose of realising a considerable premium,
should participate in the panic, and lend their
aid to enhance the difficulties of the emergency,
has, we confess, both pained and astonished us.
But, then, they were frantic with terror, and
pressing their stock upon the market for unre-
served sale. The energetic efforts of stronger-
minded and more patriotic individuals to support
prices and prevent the accounts so humiliating to
the national character from being borne to the
AUTOCRAT, the terror of whose name had pro-
duced such calamitous results, were thus
neutralised. The partial improvement that had
been effected for a short time was com-
pletely set aside, and Consols closed at 918-5 1,
a deterioration of more than nine per cent. within
four months, while Shares were again lower, the
London and North Western being below par, and
other less favourite lines at heavy discounts ! !
To understand the full extent of this general
deterioration of property of every description_a
deterioration unparalleled within any similar time
—we shall simply refer to the quotations of some of
the leading Stocks, and Shares, and Securities on
a day taken at random from our files in the month
of April, and compare them with present prices.
The 3 per Cent. Consols were, on the Bth of
April, 1001 I. On the 26th of September they
were 91i /, a fall of 9 per cent. in the capital
value ; and yet, on the former period there was a
great probability of a reduction of interest from
3t0210r 21 per cent. East India Stock was then
2761. It is now 240. East India Bonds were
48 premium. They are now 10s. discount to par.
London and North-Western Railway Stock was
then 121 to 121 i. It is now 99 to 100—
a fall of 21 per cent. Great Western,
was then 99-k 3, it is now 78 9 ; South-Western
911 21, it is now 72 74 ; South-Eastern then
76-!-, 7, now 57 8 ; Eastern Counties then 13i /,
now 111 f ; Great Northern 83 4, now 69 70 ;
Midland then 75. 76/, now 55 6 ; York and
North Midland then 60 61, now 42 44 ; and
York and Berwick 69 70, now 56 58. But why
multiply examples ? Everything shows that the
fall in railway shares has been from 20 to 30, or,
in some instances, nearly 40 per cent. ; and we
believe that the general depreciation on the accu-
mulated and realised property of the country
has been, on an average, 15 per cent. ; or
assuming that realised property, according to the
general estimate, at six thousand millions, a loss
of nine hundred millions sterling, or one hun-
dred and twenty millions more than the national
debt. This is a pleasing boon, for which we are
chiefly indebted to the Emperor NICHOLAS, and
partly to the proceedings of the Directors of the
Bank of England, aided and assisted by the
timidity and nervousness of our capitalists.
There is one description of security, and one
only, that has escaped the general depreciation. It
is right that attention should be called to the fact
that Bank of England Stock maintains the same
price now that it did in April, the price then being
225, the present quotation 224 6. This simple
circumstance speaks trumpet-tongued as to the
nature of the tactics carried on by the Directors.
They have schemed and manoeuvred to improve
their own dividends at the expense of the com-
munity, entailing losses to the extent of many
hundreds of pounds sterling for every 20s. profit
gained for the proprietors. We cannot suppose
that they could have believed that the results of
their operations would have been so very disastrous.
But they evoked the spirit which they are now
unable to subdue. They sowed the whirlwind,
and they are reaping the storm. Let them now
reflect on the deplorable consequences of their
proceedings. Lot them not be misled by the ful-
some panegyrics of contemptible toadies, who
applaud their prudence and foresight (GOD save the
mark), and think their sole object should be to
paralyse the efforts of industry. They have
nearly as much to answer for as NICHOLAS
himself in producing the present crisis, and
if we take measures to blunt the fangs
and pare the claws of the great Bear, we must
also prevent the Directors from obtaining powers
the reckless abuse whereof has led to such disas-

trous consequences.
One word, before we conclude, to legitimate
and bona fide holders of stocks and shares. Let
them abstain from sacrificing their property at
present prices. Let them refuse to play the game
of their opponents, but hold on :steadily. They
will find that there will be a speedy reaction, and
that they will have ample cause for rejoicing if
they pursue the course we recommend, and avoid
the pit dug for their reception.

The ancient world signalised its greatness chiefly
in monuments of vast size, and sometimes durabi-
lity. The extent of Nineveh and the colossal
structures of Egypt still strike us with wonder ;
Grecian civilisation left us models of beauty which
are, and ever will be, the adoration of every man
of taste ; Rome adorned her naturally utilitarian
labours with the elegance of Grecian conceptions ;
the Middle Ages gave us ecclesiastical models
which, from their own point of view, can hardly
be surpassed ; but the present age, which in all.
these things is little more than a copyist of the
past, has at least given the world one thing—it
is commonly termed a mechanical age, and one of
its chief historical characteristics will assuredly be
an unheard-of development of mechanical power.
Its most vast conceptions begin with the steam-
boiler. To facilitate the creation of steam, to
husband its strength, to adapt it to machinery
which shall waste as little as may be of its giant
power, to level or bore through hills, to fill up
valleys, to build monster bridges, all to give free
course to this great monarch of the age, is the
great task of our day. Almost all our monster
works by sea or by land are built in homage to
the great moving power. Monster viaducts, mon-
ster embankments, monster iron bridges, monster
ale ditesseirlfe,d
ships, double the size of a great man-of-war, are all
but implements for the service of the monster
Power, which seems adequate to move the very
world
ifbyanAyroanil
one would
We recorded d find
it the standing
but the other day ono of its latest
triumphs, a monster and a model factory. A beau-
I tiful building in the spot where, ascending the
Aire,its romantic scenery commences • a building
whose area of ground is not less than six 2 acres, and
its area of flooring ill
2 acres, the mill itself 550
feet long, and 72 feet high ; looms to the number
of 1,200. The shafting of the machinery, which
moves them, nearly two miles in length, and 600
or 700 tons in weight ; capable of producing 18
miles a day of beautiful fabric, or 5,688 miles
per annum,
and, therefore, of weaving a girdle
trifle more than four years ; a
for the globe in a
population of
10/ 000 persons engaged in the
various processes—servants and handmaids to the
great
requirements of the agent. Such are the
last featuresin this tribute to the
prominent
almost illimitable power of the steam-engine—a
power, in this case, estimated as equal to that of
1,200 horses.
proprietor
Mr. SALT, the spirited and generous
of the whole, gave a splendid dinner at its
open-
ing the very first,
on the 20th. He was amongst
we believe, to introduce the manufacture of al-
ed a splendid for-
pa.chas into Bradford, and realis

tune thereby ; he abides by the manufacture to
which he is so much indebted, and by the work-
menl
to whom he has always been one of the most
liberal of masters ; and commemorating, at this
dinner, his own arrival at his fiftieth year,
he commemorates also his son's attaining his
majority, and pledges, as it were, his family's
adherence to their father's course. One of the
pleasing arrangements, which we are certain will
be carried out to the letter, is that the new town
which he will build to accommodate his vast num-
ber of workmen, will include every possible de-
vice for cottage cleanliness and comfort, and
everything needful for their intellectual and re-
ligious improvement. Our landed aristocracy
may learn something here. At the dinner, to
which 3,200 persons sat down, 2,500 of them
Mr. SALT'S operatives, we observe that the Earl
of HAREWOOD and other notables of the West Riding
were present. They will carry home some valuable
instruction, as well as a lasting recollection
of the noble-mindedness of the lord of the feast.
They will meditate plans for improving and ele-
vating the peasantry on their own estates—they
will learn to disbelieve (if they ever believed it)
the vulgar rant about the hard-heartedness of
manufacturers as a class, and will perceive that
the best feelings of feudal generosity are compat-
ible with manufacturing pursuits, and with the
independence enjoyed by manufacturing opera-
tives. Mr. SALT will at once create a town far
larger than half the condemned boroughs which
return a member or two to the Imperial Legisla-
ture, and with ten times the intelligence of a
Thetford or an Arundel. It may almost be num-
bered amongst the triumphs of steam that it can
create Parliamentary boroughs in a year or two,
or at least towns which consign scores of those
boroughs to positive insignificance.
If it is pleasant to see that this wonder-working
power can bring landlords and mi' -owners into
social intercourse, honourable to both sides, it is
not less remarkable that it bids fair ere long to
merge the two great classes in the one class of
manufacturers. In one aspect it is exalting the
present manufacturers to a level with the lords of
the soil—in the other it is converting the
landlords themselves into master manufac-
turers, and their farms into manufactories.
The day after Mr. SALT'S princely fête, Mr.
MECHI was the invited guest of the Herts Agricul-
tural Association. An Earl, and a Baron, and
so forth, were assembled, in expectation of the
speech of the day from a London tradesman ; one
who had made an irruption from the counter
(with wealth amassed there) into the broad acres
of the territorial aristocracy. Nor did the guest
disappoint the nobility and squires who had invited
him, and invited him evidently to stimulate their
own tenants. He dealt out wholesome suggestions
to landlords with large estates complaining of want
of capital to improve, honestly advising them to
sell part cf their land, and improve the rest with
the money. He rebuked tenants, who, clinging
to the old ways, grudged the landlord a fair inte-
rest for the money he laid out, but the burden of
his speech was Steam. The amount of steam
power in any agricultural district he took as the
test of its condition. People thought him crazy
when he first put up a steam engine ; but now,
two makers in the villa;e had more than they
could do to supply the neighbourhood fast enough.
Lincolnshire and Norfolk farmers have, some of
them one, two, and even three engines on a farm !
Herts had but made a beginning ; he was sure
they would soon get deeper into it. But the
grand agricultural achievement of steam is yet to
come. Its advent is nigh. Mr. MECHI is now
building the engine, at a cost of 2001., which is to
plough the land, and to do almost everything else
besides. A Canadian engineer, neglected in his
own province, is working at Tiptree, under Mr.
MECHI'S patronage ; soon the implement is to be
ready which is to revolutionise British agri-
culture, to enable farmers to plough twelve inches
deep instead of five inches, and to benefit agri-
culture to the tune of ten millions of pounds per
c,nnunt .1 What are all the Budgets of rival
Chancellors of the Exchequer to this ? His guests,
the gentlemen of the top-boots and gaiters at least,
were withheld, either by utter blank astonishment,
or by not having heard so much Latin, from ex-
claiming Credat Jud,ceus Apella However, the
:sober truth remains, that we have now farms in
which steam does all the fixed machinery work,
that such farms are increasing in number, and
that machinery of every kind is so rapidly ex-
tending that the farm is fast assimilating to the
inanufactory ; and that the farmer and his labour-
ers bid fair in another generation to equal in in-
telligence their brethren of the towns.

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, of which 500 Surat and
500 American were taken for export. The market
was not quite so heavy, and closed without altera-
tion in prices. The sales comprised 5,000 Ameri-
can, 60 Pernam and Maranham at 6d. to 'rid., 30
Bahia at el., 100 Egyptian at 60. to 94d., 1,000
Surat at lid. to 41-d., and 50 Ssa Island at Is. 9d.
to 2s. 4d. per lb. The Share Market opened at an
improvement on Saturday's rates, but closed weak
atl to 1 per cent. below the opening prices.
The amount of gold brought by the Indiana—
the arrival of which from Melbourne we noticed
yesterday—is ascertained to be 41,517 ounces ; and
the Renown, reported this morning from Geelong,
brings 10,353 ounces. The Typhoon has arrived
with dates of June 17 from Melbourne, and is sup-
posed to have a good amount on board. The Al-
batross, at Liverpool, brought none.
It appears, as the result of inquiries made among
the discount houses, that there is still a great de-
mand for accommodation, and the rate is kept up
at 4i to 5 per cent. even for the best paper, at
comparatively short dates. Under these circum-
stances much uncertainty prevails as to whether
the directors, at their meeting next Thursday,
will further enhance their terms. It was
supposed that as they decided last week to
lend money upon stock, at 4 per cent.,
they would not interfere iTith the commercial
rate, and we rather expect this course, notwith-
standing what is now asserted to the contrary ; but
no one can tell the extent of the demand since last
weekly return was completed, and this would guide
them to a very great extent in the measures they
adopted. The Bank under the present restrictive
bill of Sir Robert Peel, has nothing to fall
back upon beyond its bullion and note reserves,
and being compelled to keep these in a certain ratio,
it will have to refuse accommodation, however
good the paper offered, when once the equilibrium
is in danger of being destroyed. At the present
moment, not all the bills offered are done, but it is
usual to oblige steady customers in preference, and
they have to resort partially to the other bankers
and discount-houses. The advance in grain, and
the occurrences at Constantinople, all have a ten-
dency to make money artificially scarce, although
there is plenty of it offering on " call." The incon-
venience of taking too much cash, returnable at a
moment's notice, is too apparent to need illustration,
while the motive for so offering it is, that no one can
tell whether he may not be able to get a higher
rate ere long. It is precisely this uncertainty which
is far more damaging than actual dearness long
continued. The imports of bullion from Australia
are still coming in steadily.
The English Stock market has been very de-
pressed again. Consols brought 92 and 921 at the
commencement of business, but they have gone
back since to 91g For Transfer the quotations
have been 92, and since 91i g. The political intel-
ligence reads as unfavourable as for some time
past, and there is no calculating from one hour
to another what may arise. Still from a firmer
and more truly English policy, most persons be-
lieve that peace could be preserved, and Russia be
taught a wholesome lesson ; and since all classes
have so materially suffered from the proceedings of
the Autocrat, some national compensation, by the
opening of the Dardanelles in perpetuity, is cur-
rently debated, and begins to be advocated. The
hold that would be obtained upon Russia by the
constant pressure of British and French ships of
war in the Black Sea, would afford a far better
guarantee for non-aggression than mere " notes,"
or even formal treaties. Exchequer Bills have
been at 10s. to 165., and India Bonds at 4s.
discount.

Foreign Securities have been rather actively
dealt in, but not at improved prices. Russian
Five per Cents. have been quoted 111, and the
Four-and-a-Half per Cents. 964 to 97. Sardinian
Stock has been done. at 901 and 91. Mexican
stock has realised 23f, to Equador 4k, and
Grenada Deferred 81. Chilian Six per Cents. are
at 101. Spanish New Deferred Bonds have been
21i to /, and the Passive Converted 4. The
Swedish Loan has been at 92. French Four-and-
a-Half per Cents are at par, with the exchange at
25 10. Dutch Two-and-a-Half per Cents, have
been at 62k.

The Railway Share market has been again very
weak, and the pressure of sales continues as
respects most of the English lines. The decline
seems to be about per cent. on the average.
giving great support to prices
French Shares still keep up very fairly, and the
towards the holders. The
bbyankaestaintgPalriisberallarey
Banque Mobiliere, we hear, is lending at 4 per
cent., charging a commission of per cent. to keep
Strasbourg shares for 12 months.
The Gold Mine Shares have been depressed a
little, but there are fair sellers.
The Land Companies' Shares have been very
good.
The Australian Banks are better.

The railway " calls" for this month are as under:—
Dublin and Drogheda, Pref. £25 I£2 10 £19,500
East Kent ................................ 31 2 30 70,000

*Gt. Luxembourg, Guar. 6 per cent. 3 1 0 51,700
Gt. North of Scotland, let Pref. 3 1 0 30,000
*Hamilton and Toronto Shares
Lancaster and Carlisle, New Thirds 1 2 0 48,000
London, Tilbury, and Southend
'Lyons and Mediterranean 1 1 0 50,000
Midland, new 51. 4 per cent. ..... 24 110 202,500
*Namur and Leigh, preference
Newmarket Extension ll 0 10 13,500
*Royal Danish
*Zealand

"The proportion called by Foreign
Companies is 373,1651., but the
holdings of English Proprietors aro
not known

816,665

Total called in 1853..

£8,799,501

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( From the Official List.)

, -
Business done.
3 per Cent. Consols Annuities 92 la i / a
India Bonds, £lOOO
Consols for Account
Exchequer Bills, ld.
£1000
Ditto Small
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Chilian Bonds, 6 per Cent lOl
. _

Equador Bonds
841 -
Grenada Bonds, Deferred
Mexican 3 per Cent.
Russian Bonds, 1822, 5 per Cent. £ St lll
Ditto for the Account
Ditto 4A per Cent 96A 7
Sardinian Bonds, 5 per Cent 9OA IA
Spanish New Deferred, 3 par Cent. 2IA
Ditto Passive (Converted)
Swedish Loan 92
Dividends on the above payable in London.
French Relates, 4A per Cent 103 f. Ex. 25f. 10c.
Dutch Exchange, 2A per Cent. 12 Guil 62A
HALF-PAST TWO.
Consols, owing to sales by the broker who
usually acts for Government, have just dropped to
904 to 91, and other securities in proportion.

RATE OF DISCOUNT.—In the present disturbed state
of affairs the probability or otherwise of the Bank of
England raising their rate of discount to 5 per cent.
must depend entirely on the extent of the pressure ex-
perienced by them from day to day. It is believed,
however, that the intensity of the existing panic is re-
garded as being so much beyond what could have been
looked for that any step likely to add to it would be re-
luctantly resorted to.—Times.
CANADA.—Advises received from Canada state that
the news of the advance in the price of wheat on this
side had caused much activity in the markets, and that
it was expected from 4,000,000 to 5,000,000 bushels
would be shipped from the colony via the United States
before the closing of the navigation.
PORT PHILIP.— The Medway, Mackwood, has ar•
rived from Port Philip with advices to the 15th of June,
lint they contain little further intelligence of interest.
It is stated that the price of gold was 775. per ounce,
and that there was not much in the market. The
amount brought by this vessel has not yet been ascer-
tained.

DUBLIN STOCK EXCHANGE, Monday Evening.--
There was a complete panic at the Stock Exchange to-
day. Consuls, atter several fluctuations, closed finally
at 91 ; Three-and-a-Quarter per Cent. Stocks, which
which were done on Saturday at 951 fell to-day, at
close of the market, to 924 g. Bank Stock has shared
in the general depression, having fallen 3/. since Friday
last. Very little is doing in the share market. The
weather is favourabie to-day. Very cold, but dry and
bright.
The Duke of Newcastle arrived in town yesterday
from Clumber.

NEWMARKET RACES.
(THIS DAY.)

(BY ELECTRIC TELEGRAPH.)
HANDICAP, 20 SOVS. T. Y. C.
Jack-the-Gian t-Killer
Ephesus

Seven ran.
Punch Box has arrived.
LATEST BETTING.
TRIENNIAL.
5 to 4 agst Alembic.
2 to 1 agst King Tom.
DERBY.
25 to 1 agst Alembic (taken).

SPORTING NOTES.

WEDNESDAY'S SPORT AT NEWMARKET.

The sport appointed to be decided on Wednesday pre-
sents no especial "feature" of attraction ; still it will be
neither uninteresting nor unimportant, and the only
shortcomings will be in the supply, not in the quality.
The list contains nine event; including one match and
four unclosed stakes. The appearance of West Austra-
lian among the competitors for the "Triennial" for three-
year-olds will exercise a diminishing effect on the field.
His starting is probable, and should he go to the post,
his success will be certain. His running and the nume-
rical strength of the field, however, will be materially
regulated by the result of the race for the Grand Duke
Michael.

The 200 Sovs. Produce Sweepstakes will, perhaps,
be carried off by Sortie. The St. Leger, although most
insignificant in comparison with its Great Northern pro-
totype, is likely to occasion a somewhat interesting
betting race ; yet its intended competitors possess only
the slenderest racing pretensions. Lord Exeter has four
nominations, including the names of Filbert, Cobnut,
and Nutpecker. His lordship's stable will therefore be
fully represented ; probably by two horses. I am, how-
ever, on this occasion, induced to desert his colours and
do battle with Rackapelt.
Weathercock may have a favourable turn for the 50
Sovs. Sweepstakes, although it is expected that the race
will occasion a demonstration of applause.
King Pepin is regarded with strong prejudice by the
cognoscenti of Newmarket, and his Cesarewitch chance
is spoken of with much ridicule. The horse was for
some time trained here ; it is, therefore, reasonable to
suppose that they had frequent opportunities of forming
a pretty accurate estimation of his ability. He is described
by all manner of " uproarious epitaphs ;" some persons
calling him a pig of a horse, others noisily maintaining
that he never went more than four miles an hour, and
that was when he travelled in a van. A report is widely
circulated to the effect that just prior to the Warwick
Meeting King Pepin was tried with Little Harry, who
gave him 101bs, and was easily beaten !
iThe " man in the street" is very " sweet" on Ner
vous and Nutshell for the Cesarewitch ; he is, however,
remarkable for the strangeness of his fancies.
Seahorse was at exercise this morning in company
with another "foreigner." He is a good looking
powerfully-made horse, and the style in which he takes
his work is sufficient to justify the partiality which cer-
tain experienced judges have expressed for his Cam-
bridgeshire chance. Whether he will prove another
Turnus, however, yet remains to be seen.
P.S.—Newmarket, Monday Night, 11 p.m.—l have
just received intelligence that West Australia is
" scratched " for the Triennial Stakes, for three-yrs-old.
The remarks which I made respecting his chance are,
therefore of little worth. Sittingbourne's running will
of course depend materially on the result of the Grand
Duke Michael. Pelion is the next noteworthy animal,
and after him I should "go " for Talfourd. Many visi-
tors have arrived by the evening train, and there is
every indication of a full and successful meeting.
Newmarket, Monday Night.

A FRESH MAN.

NORTHALLERTON RACES.

ENTRY for the TWO-YEAR-OLD STAKES of 10 SON'S. each,
h ft, with 50 added, for colts, Bst 71b, and fillies Bst
31b. Penalties and allowances. The second to save
his stake, and the winner to pay 10 sovs towards ex-
penses. Half-a-mile.

Tadcaster. I Miss Sellon. If. by Cowl, out
Diligent. Mrs. Humby. of Palma.
ENTRY for the WELTER HANDICAP of 5 SOVS. each, 3 ft,
with 20 added ; second to save his stake. Gentlemen
riders ; professionals 51b extra. One mile.
Age st lb Age st lb
Maidstone
Italian
Titterstone
Moses
Risk 6 10 10 Patience
Thirkleby 6 10 S Trying it on (late
Surveyor 4 10 4 Fidelity) 4 9 6
Lough Bawn 5 10 4 Shamrock 3 812
Beau Brummell 4 10 2 Criterion

MARLBOROUGH-STREET.-(THIS DAY.)

SERIOUS ACCIDENT, AND NARROW ESCAPE OF THE
FRENCH AMBASSADOR.— Wm. Ward, ironmonger, Tot-
tenham, and John Kitchen, licensed victualler, Totten-
ham-park, were placed at the bar before Mr. Bingham,
charges with being drunk, and furious driving, and
thereby causing the death of a valuable horse, the pro-
perty of his Excellency the French Ambassador.
Thomas Burton, coachman to his Excellency, stated
that, about 20 minutes to nine, last night, he was driv-
ing a horse and brougham, in which was his Excellency,
down Regent-street, on the proper side of the road,
when all at once he saw a horse and cart, containing the
defendants, coming very fast in a contrary direction to
that which he was going. Witness pulled his horse up
as soon as he could, and had hardly done so when the
shaft of defendant's cart ran into his horse's chest, and
killed it on the spot. The value of the horse is 130
guineas. As soon as the occurrence took place, he and
the footman got off the box, and the latter let his Ex-
cellency out of the brougham, while witness ascertained
the names and addresses of the defendants. The defend-
ant Kitchen, who was driving, was, by the force of the
collision, thrown out of the cart, and both of the de-
fendants were the worse of liquor.
Jonathan Ingram, footman to his Excellency, corro-
borated the evidence of last witness, and added that
the defendants were driving at the rate of ten miles an
hour.

The defendants denied being drunk, and Kitchen at-
tributed the occurrence as the result of an accident.
Inspector Monckton proved that both of the defend-
ants were decidedly drunk.
Mr. Bingham said the charge had been completely
and satisfactorily proved against Kitchen, the driver of
the horse and cart, and he (Mr. Bingham) was sorry the
law allowed him to fine him (the defendant) no higher
penalty than 405., or seven days, for furious driving,
and 101. for the damage. The latter penalty he should
not inflict, but leave it to the owner of the horse to
bring his action in one of the superior courts. As to
the defendant Ward, he should discharge him.

RE-OPENING OF OXFORD-STREET.—The relaying of
granite blocks at the lower portion of Oxford-street, be-
tween Tottenham-court-road and Charles-street, Soho-
square, having been completed, the thoroughfare has re-
opened for traffic, to the great convenience of the im-
mense mass of public and other vehicles of all descrip-
tions traversing this important line of road to and from
all parts of the City and west end of the town. The
works above the Regent-circus are progressing rapidly.
CLOSING OF MORE THOROUGHFARES.—The length of
Hunter-street and Judd-street is closed for the purpose
of paving those thoroughfares with granite. This step
has, at the recommendation of Mr. R. Champ, the dis-
trict surveyor, been adopted, the old M'Adam proving
inadequate to the traffic of the heavy goods vans to and
from the two railway stations, the Great Northern and
North-Western.

Hon.—The following letter has been addressed to us
by Mr. R. Disher, jun. :—" Borough, Sept. 26.--Sir,--
The storm of wind last night has done great injury to
the hop plantations. Yearlings have advanced about
10s. per cwt. There age about 1,000 pockets new hops
.^.t market. Sussex, 81. Bs, ; Wealds, 91. 10s. ; Mid.
and East gents, 101. to 121. There is a great demand
for fine old olds, 1846 and 1847,.which fetch from 655. to
80s. and 845., factors' prices. Duty, 140,0001."

LOSS OF THH ENGLISH SHIP CLEOPATRA.—Letters re-
ceived yesterday from St. John's, New Brunswick,
communicate the total loss of the British ship Cleopatra,
Captain Levitre master, from Liverpool, abandoned on
fire, on the night of the 3rd inst., off the Banks of New-
foundland, the master and crew being rescued by the
United States war sloop the Dectaur, which fortunately
happened to be cruising off the Banks at the time. The
Cleopatra was upwards of 1,000 tons burthen. She was
bound to Quebec in ballast, and was 24 days out from
Liverpool when fallen in with by the American war sloop,
the commander of which, on discovering her condition,
sent two officers and a number of hands to assist in get-
ting the ship into the nearest port. She had sprung a
leak, and her crew were in a most distressing condition
from incessant working at the pumps. At midnight
Commander Whitling, observed a great light in the di-
rection the Cleopatra had steered when she parted com-
pany the previous evening, he bore down, and shortly
came up with a wreck on her beam ends, and on fire.
It proved to be the vessel. A gale of wind had thrown
the ship over on her beams, and those in charge being
unable to right her ; they lighted tar barrels to sig-
nalise assistance, and in the course of the night the ves-
sel caught fire from the burning tar barrels. The Decatur
came alongside as close as possible, and all hands were
taken off in safety. In about two hours afterwards the
burning wreck went down in deep water. Her crew
saved nothing from the vessel whatever. She was re-
ported to be amply insured.
RAILWAY ACCIDENT.—CORONER'S INQUEST.—An in-
quest was held last night at St. Thomas's Hospital, on
the body of Walter Chamberlain, a guard on the North
Kent Railway, who, it appeared from the evidence, was
found on the top oftthe fifth carriage from the engine of the
train on Saturday night last, on its arrival at the Lon-
don-bridge ticket platform, with his leg broken. He
was immediately conveyed to St. Thomas's Hospital,
but by the time he arrived there life was extinct, and
upon a post mortem examination being made it was dis-
covered that the liver and kidneys were injured, and
that a great quantity of blood had been effused into the
cavity of the belly. The immediate cause of this fatal
accident is supposed to have arisen from the deceased
having missed his carriage, and, while attempting to
make his way to it over the tops of the other carriages,
came in contact with the bridge which crosses the line
at Charlton. The jury returned a verdict of " Acci-
dental death."

LATEST FOREIGN NEWS.

FRANCE.

The Emperor and the Empress, after having
passed the night at St. Omer, left yesterday morn-
ing for Dunkirk and Calais.
The ball to their Majesties at Lille on Saturday
night was got up with great magnificence. The
whole of the court-yard of the Hotel de Ville was
covered over and converted into a ball-room for the
occasion, and all the rooms of the building were
thrown open, so that there was space sufficient for
4,000 persons. The immense temporary room and
all the others were dressed out with flowers and
tapestry, thousands of wax lights throwing a 'radi-
ance of light over the whole. Their Majesties were
received with the greatest enthusiasm. The Em-
peror opened the ball with Mlle. Richebe, daughter
of the mayor, their vis d-vis being the Empress and
General Grant, the other persons in the quadrille
being the Prince de Chiinay with the Princess
d'Essling, the English General Lucas -with Mme.
Besson, wife of the Prefect, the Prefect with Mme.
Lesay Marnesia, and Marshal de St. Arnaud with
the Princess de Chimay. Their Majesties after-
wards walked round the ball-room and withdrew
at eleven o'clock. Their Majesties quitted Lille
the next morning at ten o'clock, after having heard
mass celebrated by the Archbishop of Cambray.
The imperial train stopped a few minutes at Haze-
bruck, and arrived at St. Omer at one o'clock.
After a short stay there, they proceeded to the
camp of Helfaut, where the Emperor passed the
troops in review, and was received with great en-
thusiasm. Unfortunately heavy rain fell during
'the whole of the manoeuvres. Their Majesties re-
turned from the camp at seven o'clock. Their
health is excellent.

The Emperor, before his departure. from Paris,
sent the cordon of commander of the Legion of
Honour to General de Stuers, who had been sent
by the King of Holland to be present at the
manoeuvres of Satory. The cross of officer and
that of chevalier were sent at the same time to the
Dutch officers who accompanied M. de Stuers.
Queen Maria Christina breakfasted on Sunday
at the palace of Meudon with Prince Jerome Na-
poleon. A Bayonne journal states that the Duke
and Duchess d'Alba have passed through that town
on their return to Spain.
The Journal des _Wats remarks as follows on
the, entry of the ships of the fleet into the Darda-
nelles :

" We attach a secondary importance to the number
of ships which may have passed the Dardanelles. This
number will be naturally augmented or diminished ac-
cording to the necessities of the state of things. The
great fact is, that foreign ships of war are in the Bos-
phorus, and that consequently the order established by
treaties has been broken through. The passage of the
Dardanelles is an act which corresponds with the crossing
of the Pruth. It is stipulated on the one hand in the ex-
isting treaties, that so long as the Porte should be at
peace, no foreign ship of war should enter the Bosphorus;
and on the other hand, that the Pruth was the natural
frontier of the Turkish territory. It must be borne in
mind that in the protests made against the invasion of
the Danubian Principalities, it was said that the Western
Powers would be' entitled to enter the Bosphorus, to
respond to the invasion of the Principalities. They had
up to the present time abstained from every demon-
stration. But, at present, pressed by the events which
are passing, and by the season of the year, they have
also taken up their positions. On both sides this ex-
pectant situation may be prolonged, for the advanced
period of the year, which soon will not permit the Rus-
sians to evacuate the Principalities, will also lead the
French and English fleets to winter in the Bosphorus.
It is doubtless to these new complications that must
I be attributed the considerable fall in the English funds.
On the Stock Exchange, on Saturday, there was an
absolute panic, similar to what has been seen in times
of greatest difficulty. The Three per Cents, fell from
94 to 92, and were a week ago at 95k. We do not, how-
ever, consider these alarms sufficiently justified. It is
to be observed that the entrance of the allied forces
is intended not to respond to the Russian invasion,
but to keep down an insurrection on the part of the
Turks. That intervention has still for object to main-
tain peace, since it is destined to protect the Sultan
against a party which desires to induce him to declare
war. The occupation of Constantinople, should events
render it necessary, would then have a certain sinei-
liarity with the occupation of Rome. In the two cases,
the armed intervention would have been effected to
maintain peace and order, and to restore to the esta-
blished Governments their free decision. Nothing as-
suredly can better prove the desire of all the Govern-
ments to remain at peace than this impartial protection
which embraces at the same time the Pope and the
Sultan. When the Sultan shall be no longer under the
pressure and tyranny of popular passions, the course of
the negotiation may be resumed, and, it is to be hoped,
with better success."
The season of the year has now arrived when
the shopkeepers in the provinces of France usually

commence the purchase of their winter stock.
Few orders, however, have as yet been received in
Paris from them. Money is still abundant in the
trading oireles, but the repeated alarms produced
by the Eastern question induce them to limit their
transactions and to confine their purchases to what
is strictly necessary for present purposes. All
trades connected with building are in a state of
more than ordinary prosperity. The contractors
find some difficulty in procuring sufficient hands,
and they have been compelled to submit to a
considerable rise in the price of all descriptions
of building materials, such as timber, stone, and
iron. The ironmasters have such extensive orders
on hands that they refuse to accept any new ones,
and their prices are generally from 25 to 30 per cent.
higher than last year. Fears are consequently en-
tertained that the new lines of railway lately con-
ceded cannot be completed within a reasonable
time, unless the Government authorise the com-
panies to import rails andlocomotivesfrom England
to France on the payment of a moderate duty.
Flour has again risen to the highest price of the
month of August, but since Wednesday last it has
been difficult to find buyers at those prices.
The prevailing opinion at the corn market is,
that we have reached the highest prices. Several
causes have hitherto contributed to keep up the
price of wheat. The shortness of the crop, and the
necessity the farmers are under of attending to
their labours in the fields preventing them from
threshing out their wheat and bringing it to mar-
klt, have produced a deficiency in the usual supply,
and enabled those who speculate for a rise to force
the millers to yield to their demands. The im-
mense arrival of foreign wheat begin to produce an
effect. A telegraphic dispatch from Marseilles
announce that 14,000 hectolitres arrived in that
port on the 24th inst. On the other hand,
a letter from Strasburgh, on the 23d, states
that thereare 25,000 hectolitres at Lauterbourg
and Neubourg, purchased for Aimee, and coming
from the north of Germany and from Holland.
The shallowness of the waters in the Rhine between
Lauterbourg and Strasbourg had prevented the
arrival of the boats. The following are the prices
of wheat in the principal markets of France :-
Paris, 40f. to 42f. the 100 kilogrammes ; Chartres;
38f. to 41f. ; Etampes, Melun, and Rouen, 38f. to
41f. ; Soissons, 40f. to 42f. • Noyon, 38f. to 41f. ;
Lille, 39f. to 45f. ; Arras, 38f. to 411. ; Cambrai,
38f. o 41f. ; Amiens, 37f. to 40f. ; Charleville,
to 31f. ; Troyes, 36f. to 38f. ; Nancy, 37f. to 39f. ;
Metz, 37f. to 40f. ; Strasbourg, 37f. to 40f. 2 • Mul-
house, 37f. to 40f. ; Raon l'Etape, 39f. to 40f ;
Dijon, 35f. to 37f. ; Gray, 35f. to 36f. ; Lyons, 34f.
to 35f. ; Marseilles, French wheat, 37f., Polish,
28f. ; Toulouse, 33f. to 34f. ; Bordeaux, 36f. to
37f. ; Lucon, 35f. ; Nantes, 35f. ; Tours, 35f. to
37f. ; Saumur, 36f. to 37f. ; Orleans, 37f. to 411. ;
Issoudun, 35f. to 38f. ' • Bourges, 34f. to 36f.
Sable 36f. to 37f. ; St. Malo, 28f. to 31f. ; Mor-
laix, 28f. ; Treguier, 28f. to 29f. ; Caen, 39f. to
40f. ; Lisieux, 39f. to 41f. The lowest prices
prevail on the coast of Brittany, from
Brest to St. Malo. The wheat crop in that dis-
trict will afford a considerable quantity for expor-
tation, a portion of which has already arrived at
Havre. The prices of rye, oats, and barley are well
maintained with a slight advance. The price of
butchers' meat in Paris has not been so well main-
tained since the publication of the Imperial
decree, reducing the duty payable on the im-
portation of cattle in France. There has not
been much business transacted at the wine mar-
ket of Bercy during the last week. Dealers are
waiting the result of the approaching vintage, of
which the acounts vary. It is said that the produce
in Burgundy will exceed that of an ordinary year.
The warm weather for about 12 or 15 days has im-
proved the grapes wonderfully, and hastened their
maturity. The vineyards in the neighbourhood of
Paris wear a fine appearance, particularly on the
hills of Argenteuil. Complaints are heard of the
unhealthy state of the vines in the neighbourhood
of Saumur, and of the exorbitant prices demanded
for wine there. Wines are unusually high through-
out the south. A considerable fall has taken place
in the price of spirits of wine both in Paris and
Bordeaux. A greater fall is announced at Beziers,
where that article has declined from 190 to 140 f.
the hectolitre.

The approaching reception of M. Berryer, as
member of the French Academy, is creating a cer-
tain sensation in the Legitimist circles in Paris.
The Bourse was more firm yesterday than might
have been expected from the depression which pre-
vailed at the commencement of business, and from
the warlike reports which were propagated. The
Three per Cents opened at 75f. 15c., rose to 75f.
90c., and closed at 75f. 75c. for the end of the
month ; the Four-and-a-Half per Cents. closed at
101 f. 40c. ; Orleans Railway shares, 1,220 f. •
Rouen, 1,025 f. ; Havre, 505 f. ; Great Northern:
840 f. ; Paris and Strasburg, 933 f. 75c. ; Paris and
Lyons, 900 f. ; Western of France, 705 f. •
Bor-
deaux and Cette, 600 f.; Great Central, 518 f. me.;