The Sun.
London, England, 1858-08-31 00:00:00

ENGLISH FUNDS•

CITY, Two o'CLocK.
During the last few days the transactions in the
Foreign and Colonial Produce:Markets have been on
the e increase. Most of the leading staples have been
in fair request, and in some instances improved prices
.have been realised. For tea there has been a fair
inquiry, and some large quantities of common
eongou have changed hands at full values.
Sugar has been in request, particularly the
better. qualities suitable for home consump-
tion, but in the refined market only a
'united amount of business has been done, and the
market has been rather quiet. Coffee has been at
steady Ives, and for the better qualities of Planta-
tion Ceylon there is still some inquiry for home use.
'-;°111111on Native Ceylon has been dealt in to some
extent for exportation at about former rates. Cocoa
remains firm. Rice and spices have been at steady
rates. The demand for new fruit has been steady,
and the pareels of the new crop just arrived have
sold readily at full values, and saltpetre and tallow
continue to be dealt in at fully late quotations.
_ Letters from Liverpool mention that the Cotton
Market yesterday closed firmly, and prices were
without alteration. The sales were estimated
at
7,000 bales. The Railway Share Market presented
a very quiet appearance, and quotations tended
downwards.
The general inquiry for accommodation, although at
more active than it was a few weeks ago, is still n
Much quieter than might have been expected, con-
sidering the loans lately introduced, and the in-
creased commercial transactions now recorded in
most departments of business. As provision has
to be made for the commercial bills arriv: it
ing at maturity on Saturday, and a deposit sat
of 5 per cent. must accompany the appl!- at
cations for allotments of the Turkish Loan, which
is maintained at a premium, a temporary in- St
crease in the demand for money may now be expe-
ii
rienced. Supposing, however, there should be a ft,
slight advance in the terms of discount, it will not
justify the slightest uneasiness in commercial circles. 14',
At the Stock Exchange, no doubt, a rise of; or 4'would
be regarded as a most unfavourable feature, and one I
that might consistently be made the basis of speculative it;
operations for a fall. But 24 per cent. is much '.
below the average rate of accommodation, even for
first-class bills ; and, inasmuch as a return of corn- '
mercial prosperity must inevitably occasion a change to
ill the market, the public will have to expect
a reactionary movement in the terms of discount, 1
provided, of course, that too great an absorption for ii
foreign enterprise does not take place. II
so
Another addition of about £BO,OOO to the stock of sti
bullion at the Bank was announced yesterday. •.- The at
return on Friday must consequenily show an impor-
fit
taut increase in that department.
The additional supplies of Australian gold, re- 11,
ferred to in the telegram from Malta, are consider-
able. They include the Sultana, with £162,000 ; t
the Supply, with £319,968 ; and the Ocean Chief,
with £190,376. Upwards of a million sterling is il
therefore coming forward, the bulk of which will
st:
P
robably arrive during the next month or six weeks. 1
[
There was a meeting of the Newport, Aberga- 1
'Jenny, &c., Railway Company to-day, at which a 11,1
report was presented, stating that the earnings of the
half year ending the 30th of June, 1858, over 50
I 3
t
miles, amounted to £31,676 18s. 2d., and the net re- 4t
venue was £15,788 4s. Bd., which with the former ba-
lance made an available sum of £16,67515.4d. After
the payment of the debenture interest and the 6 and 5 sa
Per cent. shares, a net balance of £862 would remain
to be carried forward. In spite of the depression of
~
trade this line, from its connection with others, has i i
been enabled to maintain its gross earnings. The
Shrewsbury and Crewe line would be opened by the
Ist of September. The report was adopted. s
1
There has been a very quiet market for Public
Securities to-day, the attention of the members
being occupied with the final liquidation of the
share account. The Turkish loan, however, still
prevents buoyancy, notwithstanding the favour-
able specie movement and the rise on the Paris
Bourse. Consols are 964 i for money and account.
The New 3 per Cents. are rather firmer at 971 4, and
the Reduced Annuities are steady at 9741• New 24
per Cents., 801; Long Annuities, 18i; India Loan
Debentures, 984 4 ; ditto, second issue, 974 i. The
March Exchequer Bills, 325. to 355. ; ditto, June, 225.
to 255. Bank Stock, 2284.
The transactions recorded in the Foreign Stock
Market are still rather limited. Turkish 6 per Cents.
are 95 i ; ditto 4 per Cents., 1041 ; Mexican 3 per
Cents., 214 ; Portuguese 3 per Cents., 46 ; Russian
5 per Cents., 1131; Dutch 24 per Cents., 65.1 66;
Ditto 4 per Cents., 1014 ; and Peruvian Dollar
Bonds, 78 4. Turkish Scrip is at about II to 1 prem.
The transactions in the Railway Share Market
have been exceedingly limited, and prices generally
show a decline of about 4to 1 per cent. Great
Westerns, Lancashire and Yorkshire, Brighton,
Midland, and South Eastern, declined ss. to 10s.;
and Caledonian, North Western, and Manchester,
Sheffield, and Lincoln, about 10s. to 15s. The
Foreign and Colonial lines are flat. Northern of
France have receded ss. ; and Namur and Liege, ss.
Grand Trunk of Canada, Great Western of Canada,
and East Indian are also at lower quotations.
Joint-Stock Bank and Miscellaneous shares are at
slightly improved rates. London and County have
advanced 55.; London and Westminster, ss. ; and
Ottoman Bank, 10s. Canada Land shares improved
about ss. to 10s.
Consols for money and account, 964 4.

Bank Stock, 2281.
I Live per Cent. Reduced Annuities, 971- 1.
Throe per Cent. Consols Annuities. 961 1,
Kew Three per Cent. Annuities, 971
New 23-, per Cent. Annuities, SOL
Long Annuities, expire Jan. 5, 1860, 11..
Long Annuities,thirty years. expire Oct. 11,1859,
Long Annuities, 30 years, expire April 5, 1885, 18t.
India Debentures, 901 1.
Do., 2d issue, 971 1.
[nal% Bonds, under 1,0001., 11 pm.
Consols for Account, 90.
gxchequer Bills, 1,0001., 21d, March, 32..
Ricaincuer Bills, Small, 21d., March, 35 —June, 25 2.
Exchequer Bonds, 1859, 31 per Cent., 1501
t.
FOREIGN FUNDS.
Three per Cent. Mexican, 211.
Three per Cent. Portuguese Bonds, 1853, 48.
Five per Cent. Russian, 1131.
Six uer Cent. Turkish, 911 51
Ditto Acct., Sept. 15, 951 1.
Fuur per Cent, ditto Guaranteed, 104.
21 per Cent. Dutch Exchange (12 g.). 66 51.
Four per Cent. Dutch Certificates, Olt.
4i per Cent. Peruvian Dollar Bonds, ex 45., Y 8 1.

LONDON SH R MARA BT.—This Day.

D STOCKS.

IClosing Price!

GOVERNMENT GUARANTEE OF FOUR
AND A-HALF PER CENT.

TO THE EDITOR OF THE SUN.
SIR,—Having seen the observations of your corresp sndent,
a few days since, in reference to the Red Sea Telegraph, I
have made careful inquiry into its merits, and find that it is
INDISPUTABLY guaranteed 41 per cent. by the British
Government.—Your obedient servant,
WM. BROWNE.
Landon, Aug. 31, 18.58.

FATAL RAILWAY ACCIDENT.-0n Sunday after-
noon a person, whose name is supposed to be Ray, was at
the Kingston station, on the South-Western Railway,
talking to a man who had neglected to take his ticket.
The former volunteered to go to the booking office, and
procure the ticket. In order to get there he imprudently
made an attempt to cross the line just at the very moment
that the train was in sight. The engine-driver, as well as
the guard, saw the imminent danger the man was exposed
to, and the former sounded,hio whistle as shrilily as be possi-
bly could, ankat the same time shut off the steam, whilst
the guard applied the breaks most vigorously, but they
were unable to stop the train in sufficient time to allow the
unfortunate man to get upon the platform. The buffers of
the engine struck him, hurling him across the metals, when
the wheels of the locomotive, and those of several carriages
passed over his body, literally cutting him to pieces. The
poor fellow's remains were promptly removed from the line.
It is hardly necessary to state that death was instantaneous.
Not the least blame can be attributab!e to the company,
for if ordinary foresight had been used by the deceased he
could have seen distancerain approachingoff when it reached the
inaction, a long
DREADFUL ACCIDENT.—A very melancholy occur-
rence, resulting in the instantaneous death of one man and
the serious injury of another, took place at Chalderneso, in
the parish of Tingwall, Shetland, on the afternoon of Satur-
day. A quarryman, residing in Lerwick, had left his home
in the morning, to blow up, by means of a charge of powder,
some stones at a place where a new croft is in course of
formation. In the afternoon, the train of one of the blasts
having only burnt half-way, another attempt to get it to go
off was equally unsuccessful, when it was resolved not to
blow it again. The hole had been bored pretty nearly to
the powder, when a spark produced by the iron employed in
boring reached it, and instantly drove the iron right into
the forehead of the unfortunate quarryman, c
him on
'
the spot. Another man standing close by was struck by
the stones blown up by the explosion,
he dy of theman was taken to Lerwick in the
and was much injured.
evening
la a cart.tr .
He has left a widow and a large family.—
Northern Ensign.
MACHINERY FOR SIBERIA.—Messrs. Ilandyside and
Co., of Derby, are now finishing some machinery for the
Russian Government, consisting of two horizontal steam
engines, of 150 horse power, with expansion valves upon the
equilibrium principle. These engines are coupled together.
and to work at quarter strokes—the fly wheels over five
tons. Three pumps, twenty inches diameter each, two of
them lifting and one plunging., are to be worked by these
engines; four boilers, with double fireboxes and flues, con-
structed for burning wood—each 30 feet long and six feet
aye riches diameter. Its a few days this machinery and
engines will be forwarded to St. Petersburg, and thence
overland a distance of 3,500 miles to Irkutch, on the river
Lena, in lat. 63 degrees north, long. 135 degrees east, or
about 5,000 miles from Derby. They will be employed
in pumping water from an iron mine 600 feet deep, be-
longing to the 11.0 shin Clovert;ment....Derby Reporter.

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10 Bahia & San Francisco
5 Belgian Eastern Junction
50 Beziers to Graissessac
6 Came/tux &Toulouse
10 Dutch Bhenisia
10 Eastern of France...".
10 Euphrates Valley
50 Rest Central or France.,.
20 at. Luxembourg, con. she
10 Italian Junction
10 Lake Constance and Basle
10 Llerre and Turnhout
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11/1511 Joint Stock Banks. Paid. Closing Priest. a citinz'
100 &gra & United Service Bk 50 y --- 681
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15 Salad)! Egypt all 251 25
100 Sank of 'London . ...
£0 Srit. Col. Bank & Loan Do all
50 fetish North Amencan all 57 59
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15 Orient. Dank Corporatim. all ST 18 571
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100 Provincial of Ireland • 25 62 64
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15 South Australia. ill far s.•
25 Do. new
15 Union of Australia. ......
25 Do. Now 2O 52 54
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100 Unity Mutual l5
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CITY PLATE.

THE SIMI; LONDON, TUESDAY VVITTG, AUGUST 211 1858.

(By Electric Telegraph.)

NURSERY HANDICAP.

SHENSTONE PLATE.

QUEEN'S GUINEAS.

SUN OFFICE, Seven o'Clock.

LICHFIELD RACES-(THIS DAY.)

Apollo
Captain Wedderburn
Six ran.

The Deer
2
13roadb:im
3
Cripplcgate
Four ran. An objection was made against The Deer, and
the stakes were given to Broadbrim.

walked over

chief than either round shot or shell. Inside the breastw
lay what are known among the men by the name of " sw-
pers"—larg,e gabions trebly lined with roassve wattles, and
used to shelter the men while digging a rifle pit. Such
the siege works on this occasion. Five minutes' walkthrcugli
them would enable the most civil of civilians to understand
more about the nature, difficulties, and dangers of a siege
than a twelvemonth of unassisted military reading. It was
arranged that the siege attack was to begin at 2 o'clock,
and eager sightseers, of course, were waiting in crowds
long before that appointed hour—and long after it, too, we
are sorry to say. The Commander-in- Chief was expected
up to the last, but to the disappointment of thousands his
Highness was unable to be present. Sir John Burgoyne,
however, attended by a brilliant staff, arrived at Chatham
for the operations shortly before two o'clock. The gallant
General, having inspected the troops in review order with-
out knapsacks, proceeded to inspect the model room, while
besieged and besiegers resorted to their chatted posts. The
defence was intrusted to a body of Marines under Lieutenant-
Colonel R. J. MeKillop. The besiegers consisted of Cap'ain
D. Blyth with 100 Marines to work the heavy guns. The
Royal Engineers, with those of the East India Company,
were under Colonel Sandharn, the Ist battalion, made up of
various depots of regiments of the line-1,000 strong in all
—was under Colonel Jervis, tne second battalion under
Colonel Phillips, and the third under Colonel Fairtlough.
The voltaic bat teriee of the different mines were in chat ge
of Captains Noble and Scott. All the troops were provided
with 10 rounds of blank cartridge, and 20 were allowed for
each siege gun. The troops of the line were told off fur
working patties or reliefs in rear of the second parallel for
some time, but afterwards came forward to the advanced
works, occupying them and the intrenched cavalier bastion
as firing parties. The Engineers were told off into the
single and flying saps, as leaders of working parties, in
charge of the descent into the dry ditch, and with the fist
line of ladders for escalading. A strong detachment of
troops of the line took charge of the second line of sealing
ladders, occupying part of the third parallel and works in
the right attack. These dispositions and arrangements
were made with such admirable good order that a large force
was distriauted among the batteries, parallels, and ap-
proaches without a sound being, audible, and scarcely more
than a head or two peeping curiously over the breastworks
being visible.
The same secrecy, however, was by no means observed
among the besieged, for all their works, even the doomed
casemate battery, against which the mine in No. 7 battery
was to be sprung, was covered with ladies and gentlemen.
As it turned out the patience of these persons was se-
verely tried, in common with everybody else's for it wes
getting well towards four o'clock, and the public were not
only thinking ofgoing away,but were actually doing it when
the signal was given. It was a grand one, for suddenly, with
an awful dull roar and heavy shock, the besiegers' mines
were sprung and a great mass of earth and stones, mingled
with thick dense smoke and massive sheets of flame, went
high up into the air with the earth and gabious of the bat-
tery. There was an instant pause as every one looked at
the solemn mass of dust and smoke that drifted slowly away
from the ruined work, and then the attack began—a regu-
lar " delivery of the assault" in one grand crash of can-
non and musketry from every port. All the breastworks,
all the batteries so carefully masked up to the last moment,
seemed suddenly girt with fire. A fringe of musketry en-
closed the place, broken only by the masses of flame and
smoke that marked the position of all the heavy works, from
the embrasures cf which, as fast as the piece could be
run out and loaded, came a coetinued stream of hot
red fire, darting like rows of serpents' tongues to the em-
brasures of the besieged. Every thing became wrapped in
smoke and dust, and only the thundering din of the can-
nonade predominated. The menm mininthgeinn thirdith a fiercerparallels and
hurrie..4 uP
eloser and closer, he
ele each port attacked. It was in vain that the
smaller
beliebesieged re I,lied by a heavy fire—there were se many
ich be was commanded that his defence
points from din and conflagration that raged
was lost amid the
at of this the fougasses (each
outside. In the miL:l
t off in rapid succession, adding
a small mine of 61b.) we,"
encumbered air, amid which
as a strong party of
more dust and smoke to the
came a rush and heavy tramp d feel,
troops of the line rushed forward, and From t made
his a l
laodgmene
t
where the faugasses had been sprung.
st plac
l
the fire never st pped or slackened loran instant, the ardour
of the batter lee, if possible, seemed increased, and every-
thing denoted a crisis in the affair. The cavalier bastion
seemed a mound of smoke and flame, through which on the
left could be seen now and then groups of figures pressing on
with ladders towards the curtain, followed at a greater dis-
tance by another line of ladder bearers and storming parties.
There was loud cheering amid the smoke as the Engineers
mounted the counterscarP, and, dragging up their ladders,
began to descend into the dry ditch. Every musket and
gun was discharged at the besieged works to cover this
movement, but still the besieged stood to it manfully, and
poured awful volleys among the assailants. But the latter
were supported by the second line of troops, who, leaving
their ladders against the counterscarp as a means of retreat,
hurried down with the Engineers into a dry ditch, carried
the ladders across, and swarmed up the curtain at every
point, the besiegers breaking and flying in dissrder as they
mounted the walls. This terminated the siege operations,
in little more than five or ten minutes after they had com-
menced. In fact, it was a regular assault—short, but mur-
derously hot while it lasted.
Almost the instant that the last guns were silenced, the
public, with the officers in charge of pontoons,l moved
down to the water's edge at the creek, where it was sup-
posed, that, as a result of the siege operations, troops
s
were to cross on rafts and blow up sunken wrecks, il
some gates of stockades were to be destroyed with live
shell. Previously to this, however, Sir John inspected some
bridges over the creek of the true rough and ready style—
bridges that could be made in the course of a couple of
hours in any field, but which, when properly made, would
suffice for the passage of any army, and for the most of its
heavy baggage and stores. One of these bridges was the in-
vention of Colonel Saudham, and the strength,
and even beauty of its rough construction were universally
admired. There was a lattice-work bridge, too, strong and
simple, but not on quVe a new plan. Both these bridges were
made of scaffold poles tied firmly together wit h rope, and both
were on the suspension principle. But perhaps the most
curious and interesting bridge of al was one invented by
Sergeant-Major Jones, R_Z., which utilised in the most
valuable and important manner the refuse iron hoops. These
hoops were simply rivetted into long bands, which were
hung in a segment of a circle between two poles, and on
which again were laid the pontook "chesses" or planks,
so as to make a bridge of unusual strength ant light-
ness, and one constructed with the greatest ease and
quickness. The only drawback in the use of this bridge is
that, hanging downwards like a slack rope, it vibrates and
oscillates so seriously that it is as much as a man can do
to cross. Guns or horses would be out of the question. If
the pontoon chesses, too, are used, why not use the pontoons
themselves, which confessedly make the best bridge of all ?
After these bridges bad been examined the engineers formed
a pontoon bridge in intermediate order. Some rafts were also
made of barrel pontoons, and from one of these a tower de-
scended into the deep water of the Medway to place a charge
against a supposed sunken wreck. This was to have been fired
by a voltaic battery, but for some sub-aqueous reason or other
it would not go off. Another charge of Glb. of powder was
then hauled down by the diver by rope, and this was lighted
by a Bickford's fuse, and exploded grandly. An 8-inch
shell, loaded with 21b. Boz. of powder, and hung against a
gate in the shell-house, was next fired to show the manner
of destroying gates and entrances, an effort which was per-
fectly successful, and the gate, though of strong oak timbers,
was blown to fragments. This concluded the programme of
the day. In the course of another week or so all the field
works will be filled in and turfed over till another siege is
planned for next year.

THIS DAYS SHIPPING.

LONDON, Aug. 31.—Wind this day at noon, S.W.
strong breeze and cloudy.
KINGSTOWN, Aug. 30.—Arrived—Invincible, fromiPorto
Rico; Elizabeth Young, from St. John, N. 8.; Ajenrico,
from Quebec.
QUEENSTOWN, Aug. 30.—Wind N.W.—Arrived—Wm.
Woodside, from Matanzas.
COWES, Aug. 30.—Wind W.N.W.—Sailed—Swansea,
for Caldeira.
PILL, Aug. 30.—Wind W.N.W.— d—SaileJuno,
Mfor
Quebec; Moses, for Davenport, Newport, and a-

tanzas.
CARDIGAN, Aug. 30.—wind W.—Arrived—Advena,
from Quebec.
NEWPORT, Aug. 30.—Wind W.—Arrived—Bristol, from
Matanzas.
HOLYHEAD Aug. 30.—Wind W. by N., fresh gale.—
Arrived—Env:Jenkins, from Huelva for Liverpool.

(BY ELECTRIC TELEGRAPH.)
LIVERPOOL, Tuesday Morning.

Wind W.N.W.
Arrived, August 30.—Johanna Cattarina, from Rio
Janiero ; William Stanley, Jamaica; Aeor, screw steamer,
Denia; Saltmarsh, Huelva; Christine, Riga; Victor and
Loochristie, Ostend; Laconia, screw steamer, Alexandria.
W
Arrived, August 31.—Prince of ales, from St. John's,
New Brunswick.
Off.—J. Bradshaw, from St. John's, New Brunswick;
Arctic, New York.

(EY SUBMARINE AND BRITISH TELEGRAPH.)
GRAVESEND,TGeSday Morning.

Wind N.W.; tide three-quarters ebb. -
Arrived, Aug. 31—Franz Alois, from Odessa ; Windward,
Sombrero Island; Johanna Hendrich, Ibrail ; Mecklenburg
Hansuth, Taganrog; Utile, Alexandria; Iris, Guernsey;
Lionne, Furet and Auguste, Gravelines ; St. George, Ibrail;
Young King, St. Maio; Countess of Leicester, Guernsey;
Ranger (s), Cronstadt.
Sailed, Aug. 30—Alma, for Christiania.
Sailed, Aug. 31—Albion, steamer, for Boulogne; Bel-
gium, steamer, Ostend.

DEAL, Tuesday Morning.

Wind W., moderate.
Arrived—Mercutio, from Jamaica, for London ; Bayard,
from St. John's, for London; Tar, from London, for Swan-
sea; Elliott, schooner, from north, for west.
Her Mgjesty's ship Valorous, with her Majesty's ship
Mersey, sailed in tow for Portsmouth.