The Sun.
London, England, 1848-07-15 00:00:00

STEAMER.

It will be in the recollection of our readers that in the
early part of June this fine vessel of 900 tons and 320
horse power, was unfortunately run ashore on the Maldi
Vc lso Reef, situate about four miles from the east coast
of Italy, and twelve miles from Leghorn. Immediately
upon the information reaching London the surveyor of
the Peninsular and Oriental Steam Company, Mr. Bailey,
repaired to the scene of the disaster for the purpose of
rendering his skill and advice available in the endeavour
to get her off the reef ; and up to the morning of the
first of the present month the most confident hopes were
entertained that the exertions used would be crowned
with success. With this view Mr. Bailey had made
every practicable preparation, and had procured a
number of pontoons and large lighters, with the in-
tention of lifting her off the reef, the forepart of the ship
having been filled with empty water-casks, as all endea-
vours to drag her off had failed, although the assistance
of her Majesty's steam-frigate Sidon, of 560 horse-
power, had been obtained, together with the
united force of more than three hundred men
hauling at the same time. Unsuccessful attempts
were made both on the 22d and 27th of June, and
A third attempt was about being made on the evening of
the Ist of the present month, when suddenly the baro-
meter was observed to fall very rapidly—a circumstance
I very unusual on that coast at that period of the year,
and which was judged to be but too certainly indicative
of a coming storm. The captain of the Sidon, therefore,
thought it to be his duty immediately to recal the boats
and all hands, giving orders for them to run for shelter
to the nearest port during the prognosticated gale.
During the night there was, as expected, tempestuous
weather. On the following morning those who were on
the shore were unable to see any part of the Ariel, as a
thick haze completely obscured her from their sight;
and on reaching the shoal she was found to be a perfect
wreck. A pointed portion of the rook appeared to have
penetrated the cylinder, upon which the wreck was re-
volving as,though upon a pivot, every part of the ship
being completely in pieces, the cylinder retaining its
position with a portion of the after part of the steamer.
The wreck had shifted from N. and S. to E. and W.
One of the boilers had previously been landed; and
the other was on the shoal, at a little distance from
the wreck, the water over which being perfectly
clear, all the fragments could be distinctly seen.
The reef was literally strewed with the plating of the
vessel, various parts of which had been fished up for the
benefit of whomsoever it might concern. The Ariel
was worth 40,0001., but was only underwritten for
15,0001.; the company's loss by the catastrophe will,
therefore, be 25,0001. The whole of her cargo was
saved. As soon as the vessel had foundered, several
applications were made to the local Government for pro-
tection; but how well that protection was afforded may
be gathered from the fact, that the greater portion of
stores landed, and placed in the Government warehouses,
were afterwards discovered to have been broken into.
In consequence, also, of the disturbed state of Italy, no
dependence whatever could be placed upon the Livornese,
who, at the same time were most exorbitant in all their
demands. The Malta Times, speaking of the disaster,
says, "We are glad to find that the public feeling ac-
quits Captain Caldbeck of any want of caution in regard
to getting the steamer on shore, as it has been clearly
be
ascertained that the course steered by the compass would
have carried the vessel beyond all danger, bad not _
magnetic attraction, she being an iron vessel, deceived
the captain, who, it is supposed, will be fully acquitted
from all blame by the company.

---- -
RAILWAY SHARE MARKETS.
LIVERPOOL, Aux 14.
STOCK EXCHANOS..—The sales are—Birkenhead, Lanca-
shire, and Cheshire Junction, 31/. Shares, 7% dis.—Ditto
(late C. and 13.), 27/. 10s. Shares, 13—Eastern Counties.
New, 10/. Shares, 13s. 9d. p.—Lancashire and Yorkshire, 10/.
Preference, ,6 p.—Ditto, Quarters, 3% dis.—London and
dis.—South-
North-Western, 127—Ditto, New Quarters, 13 p.—Man-
el4, and Berwick
chester, Sheffield, and Lincolnshire, Eighths, 5 dis.—Ditto,
Preference, 104—Midland Stock, Halves, 5% dis.—New-
cEausttleeranndanCdarlDisolev,elro, 62-sZo—rtyhoSrteoNrdeswheirue,u2
(G. N. E. Purchase), 1% p. J
MANCHESTER, unx 14.
STOCK EXCIWIGE.—The ;sales are—Birkenhead, Lanca-
shire,Preference, Quarters, 3-16 p.—London
(Huddersfield and Manchester Railway
and Cheshire Junction, 311. Shares, 736 dis.-
2—Ditto, ditto (unpaid up), 7 dia.aaEnn a sdd t
Can North-Western Lancashire,
l),
DStiattffoordshire(,,2ll2:l,4,l7:l46clis.is.an—el:
Manchester, Sheffield, and Lincolnshire, Preference,s 101/4--
N2osr%th
Ditto (Grimsby Dock), 10 15-16 dis.—Ditto
sad 934 Dover,ds
soLinuctholnEsashitrerne),
BIRMINGHAM, No.
4
JULY
14.
Srocx EXCIIANGE.—The share
market was again corn-
paratively brisk to-day, and
transactions to a considerable
amount took place. The sales
North-
Western, 120/;l—York, Newcastle,are—London and
Purchase), 1,,/, p. ex int.— and Berwick (G. N. E.
Boston, 575. 6d. dis.—Buckinghamshire,mbergato, Nottingham, and
No;th Staffordshire, ”' d. 3% dis. ex int.—
(A), 98s. 9d. dis, ex els.—Shrewsbury and Birmingham
South Staffordshire, 3 dis.
int.—Ditto (B), 3% dis. ex int.—

YORK, JULY 13.
STOCK EXCHANGE.—The business transacted to-day was
as follows: Great Northern, 04—North British, Thirds,
545. U.—York, Newcastle, and Berwick (G. N. E. Pur-
chasu), 9%2.

EDINBURGH, JULY 13.
STOCK EXCILINGE.—The sales are—Dundee and Perth,
Quarters, 11. 13s.—Edinburgh and Northern, 17/. 106.
Ditto (Newport), 81. 7s.—Great Northerns, 6/. 88.—North
British, Quarters, 5/. 4s.— Ditto, New Quarters. 4s. 6d.—
Ditto, Thirds, 555. Scottish Centrals, 221. 12s. 6d.—Shrews-
bury and Oswestry, 8/. ss.

SUNDERLAND.—THE HIGH LEVEL BRIDGE AND
ITS APPROACHES.—These works are progressing with
great rapidity, and it is expected that in about seven
weeks the approaches, together with the artificial struc-
ture -across the Tyne, will be completed, by which a
junction of the railway terminus between Gateshead and
Newcastle will be effected. It is also expected that the
temporary bridge across the Tweed will be completed
by September or October, thus enabling the trains to
proceed throughout from Edinburgh to London.—Sun-
derland Herald.

1 -ISitainm- e, M .P., had an interview with Sir George
Grey yesterday, at the Home•office.