The Sun.
London, England, 1860-08-16 00:00:00

TEE RED SEA TELEGRAPH.

A Government statement was made in the House
of Lords last evening that the Red Sea telegraph
,has failed, "It has proved unserviceable, and
there is little hope that it will be repaired." The
Company by which this work was undertaken had
a capital of £BOO,OOO, on which the British Govern-
ment have guaranteed 41 per cent. interest for 50
yvars free from all contingencies. There is every
prospect, therefore, that the payment will prove a
dead loss to the country. Whether this disastrous
conclusion is to be attributed to a total impossi-
bility in the present state of telegraphic science of
laying submarine cables, or to ignorance or mis-
management in this particular case, will, perhaps,
be ascertained when the evidence taken before the
Telegraphic Committee shall be laid before the
public. At present it is reported that the Govern-
ment continue in telegraphic matters generally to
defer to the opinion of one or more of the parties
orginally connected with the promotion of the Red
Sea line, and it is, therefore, to be assumed that they
feel perfectly satisfied. If this conclusion is correct,
there must be an end of all submarine attempts
until some entirely new process shall have been
discovered. Among the public, however, a very
strong impression exists that the operations hitherto
have not been conducted with such strictness as to
settle the question, and that if all the records of
submarine telegraph contracts could be produced
they would furnish information on that point of
, considerable value to the public service. That the
directors of the Red Sea Company individually
have fairly exerted themselves to conduct the enter-
prise in a satisfactory manner is at the same time
generally believed. The fault of selecting this
costly line in preference to the land route by the
Euphrates rests altogether with the Government.
They are now again communicating with the Porte
on the latter project, but no redress has been ac-
corded to the shareholders who were sacrificed, nor
is there any prospect of rapid progress under Turk-
ish auspices. Meanwhile it appears doubtful whe-
ther even the cable originally destined for Fal-
mouth and Gibraltar will be laid, as since proposed,
between Singapore and Rangoon. Two months
back it was intimated that if anything was to be
done this season a prompt determination must be
made, but Lord Wodehouse announced last evening
that the question is still " under consideration," the
Red Sea failure having produced complete dis-
couragernent.—nnes.

THIS DAYS MARKETS.

CORN EXCHANGE.

IIAtERIAL WEEKLY AVERAGES. Wheat, 59s 6d ;
barley, 34s Od ; oats, 26s ld ; rye, 44s 9d ; beans, 468
5d ; and peas, 41s Od.
THE SIX WEEKS' AVERAGES. 'Wheat, 67s 10d ;
peas,
barley, 33 a
s 4d ; oats, 26s 2d ; rye, 41s 10d ; beans, 46s 4d ;
41s 3
ENGLISH GRAIN SOLD LAST WEEK.--Wheat, 73,291,
barley, 1,179 ; oats, 2,668 ; rye, 14; beans, 1,042 ; peas,
184 quarters.

METROPOLITAN CATTLE MARKET.
Although only a moderate supply of beasts was on offer
in to-day's market, the demand for all kinds ruled heavy,
and, in some instances, prices were 2d. per 81bs. lower than
on Monday, the top quotation being ss. 4d. per 8 lbs. The
show of sheep was seasonably good. Prime Downs and
half-breds were steady in value, but long-woolled sheep
were a shade lower. We have to report a very inactive in
quiry for lambs, at barely previous rates. Calves moved
off heavily, at a decline in value of from 2d. to 4d. per
81bs. Pigs and milch cows were dull, but not cheaper.
Per Blbs to sink the offal.

d. s d
Crse. & inf. beasts 3 2 3 6, Primecrs-wool do. 4 8 5. 4
Second qualitydo. 3 8 4 2 Pme.S'thdowndo. 5 6 5 8
Prime large oxen 4 4 4 10 Large erse. calves 3 10 4 8
Prime Scots, &c. 5 0 5 4 Prime small do 4 10 5 2
Crse. & inf. sheep 3 8 3 10 Large hogs 4 0 4 6
Second quality do. 404 6) Small porkers
Lambs, 5s 2d to 6s 6d.
Suckling calves, 19s to 235; and quarter •eld store pigs,
23s to 30s.

TOTAL SUPPLY.
Beasts l,OOO
Sheep and. lambs 11,320
Calves .......... 520
Pig 5............

FOREIGN SUPPLY.
Beasts ...... 562
Sheep
Calves
Pigs

MEAT MARKETS.

NEWGATE AND LEADENHALL.—The supplies of meat
are moderate; and a fair business is doing, as follows :
—Beef, from 2s 10d to 4s 10d ; mutton, 3s 4d to 5s
2d ; lamb, 48 8d to 5s 4d ; veal 4s 4d to 5s Od ; pork,
4s Od to 5s 2d per 81138. by the carcase.

SOUTHALL, Aug.ls.—To-day's market was moderately
supplied with fat stock, and the trade ruled steady, as
follows :—Beef, &ant 38 8,1 to 5s 4d ; mutton, 4s Od to Os 6d ;
lamb, 5s 4d to Gs 4d ; veal, As Od to. 5s Od ; pork, 4s Od to
4s 10d per 81bs to sink the offal.
Romroun, August 15. —Wo had a steady demand,
to-day, fur each kind of stock. Prices as follows :
Beef, from 3s 6cl to 5s 4d; mutton, 4s Od to 5s 6d ;
lamb, 5s 4d to Gs 4d ; veal, 4s Od to 5s Od ; and pork, 4s
Od to 4s 10d per Sibs ; suckling calves, 15s to 19s ; quarter
old store pigs, 23s to 308 each; and milch cows, £l4 Os
to £l9 Os each.

HAY MARKETS.
SMITHFIELD.—MertiIow hay, £3 Os to £5 5s Od ; new
do., £2 15s to £l. 10$ ; old clover, £4 Os to £6 Os Od ; new
do., £3 8s to £5 Os ; and straw, £1 104 to £1 16s per load.
A slow trade.

CUMBERLAND.—OId Meadow hay, £3 38 to £5 ss;
new do., £2 15s to £4 lOs ; old clover, £4 Os to £6 Os Od ;
new do., £3 lOs to £.5 Os ; and straw, £1 12s to £l. ltis per
load. Trade steady.
WHITECHAPEL.—OId meadow hay, £3 Os to £5 5s Od;
new do., £2 15s to £4 10s; old elovel, £4 Os to £6 6s Od ;
now do., £4 Os to a Se; =a £llOB to £llO per
Ind, A aolitais ditamd