The Sun.
London, England, 1857-10-14 00:00:00

AUSTRALIA.

ARRIVAL OF THE RED JACKET.
LIVERPOOL, TUESDAY.
The White Star clipper ship Red Jacket, Capt.
M. H. O'Halloran, arrived in the Mersey this foie-
noon, from Melbourne, after a passage of 85 days.
Her news is, however, anticipated.
The Red Jacket left Melbourne on the 19th of
July—had very fine weather to the south point of
Van Dieman's Land—time occupied, seven days.
She subsequently experienced very heavy weather
for a week, compelline, her to stand far to the north ;
half the passage from Van Diemen's Land to Cape
Horn as much as eight days ; but light and variable
winds afterward retarded her progress. She was
37 days from Melbourne before rounding the Cape
—a distance she has before performed iu 22 days.
She WAS 20 days from the Horn to the Line, and to
that point from Melbourne 57 days from the Line
to Liverpool 28 days ; had no N.E. trades to the
parallel of 15 N. experienced very light variable
airs from all points ; from Cape de Verd to Holy-
head her time was 15 days. Since she experienced
the hurricane in the South Pacific, the ship has
never had her main-royals stowed, save for one
hour only. Her cargo consisted 70,000 ounces of
gold, besides a large quantity in the hands of pas-
sengers—of whom she has 126-500 bales of woo],
a quantity of of tallow, colonial wines, hides, &c.

MARKET NEWS.—(This Day.)

CORN EXCHANGE.

A very moderate supply of fresh English wheat was on
sale here to-day, but we had several of Monday's unsold
samples on offer. All kinds met a very dull inquiry, at
barely Monday's reduction in value.
Nearly 13,040 quarters of foreign wheat have come to
hand, and the show of samples was rather extensive.
Scarcely any business was transacted, and to effect sales
lower rates must have been submitted to.
Fine malting barley sold at full prices, but grinding and
distilling sorts were rather cheaper.
Malt moved off slowly, but we have no change to notice
in its value.
The show of oats was good, and most kinds were in fair
request at previous rates.
Beans, peas, and flour moved off slowly, on former
terms.

ARRIVALS TINS WEER.
Wheat. Barley. I Malt. 1 Oats.
English 1 2,150 I '540
Irish

Flour
720

3 760 b's!
7,5" I '--- sel.s.

Foreign..... 112,830 1 2,890

BOROUGH HOP.
New hops are in good supply and fair rcquo3t, at full
prices; all other kinds are very dull.

WHI'IrECHAPEL.
Beef, from 33 2d to 4s 6d ; mutton, 3s 4d to 43 ICd
lamb, Oa Od to Os Od ; veal, 3s 8d to 4s 6d ; pen k,
33 8d to 5s 4d per 81bs, by the carcase. A fair demat d.

Ab3ut 80,000/. Russian gold coin was received yes•
terday from St. Pet€rsburgh, of which 00,0004 or
70,000/, has been taken for the Continent.

TILE FATAL ACCIDENT IN THE GREAT

NORTIIERN TUNNEL.

Yesterday afternoon Mr. Wakloy, the coroner,
held a somewhat lengthened inquiry at the Railway
Tavern, Potter's Bar, respecting the deaths of
George Howe, aged 38, George Balaton, alias
Simmons, abed 40, and Wm. Hubbard, aged 24,
three plate-layers, who were killed in the Potter's
Bar Tunnel of the Great Northern Railway on last
Sunday morning.
Mr. T. Williams, the inspector of the line, was
in attendance, to give any information to the jury
on the part of the railway company.
A number of witnesses were examined, from
whom the following statement of the melancholy
accident was gleaned
_

One of the deceased men, Balston, was a ganger,
and occasionally undertook piece-work from one of
the contractors, named Norton. For two Sundays
previous to the occurrence in question he had been
engaged with eight other men in raising the rails in
the tunnel, preparatory to turning them, as such
work could only be executed on a Sunday on ac-
count of the frequency of the daily trains. He was
bound down to complete his work on two Sundays
which be did, but contrary to the intentions of the
contractor, he proceeded to lay the rails last Sun-
day. All went on well enough until a few minutes
past nine o'clock in the morning, when an
empty returning coal train and a passenger train
entered the tunnel at opposite ends. The whole of
the men at work, numbering 9, got out of the way
of the empty train, but forgot the up-passenger
train, the tunnel being nearly filled with steam,
until it was close upon them, and the result was
that three of them were caught by the engine and
literally smashed to pieces, their remains being
picked up in various parts of the tunnel after-
wards. The driver and guard of the engine were
not aware of what had taken place until they
arrived at the Holloway station, when they saw
the blood of the killed men upon the engine
wheels.

It was stated to the jury that when men are
working in a tunnel, a green flag is always placed
some six hundred or seven hundred yards from
each extremity, and in the charge of a man or boy,
as a caution to drivers to proceed slowly.. Balaton
and his men were all unknown to the contractor
and the absence of Balstou's boy from the green
flag impressed the engine-driver with the belief
that the work was ended.

A great deal of evidence was gone into, and
the room was cleared for deliberation. In about
20 minutes the jury returned a verdict of death by
misadventure, accompanied by an addendum, to
the effect that they considered the present signal
arrangements in such cases very defective ; and
that a man, and not a boy, should be placed, on
all occasions when men are working in tunnels, at
some distance from each extremity, with appro-
priate flags to warn engine-drivers.

- One of the men, Barston, has left a family of a
wife and six children, the youngest an infant in
arms. The men and officers of the G Company of
Middlesex Rifles have raised a small subscription
for the families.

*LONEY MARKET

A ND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The Liverpool Cotton Market yesterday maul,-
ftsteri a very heavy appearance, and the values of
most descriptions were fully id. per lb. lower. The
sales were estimated at 2,000 bales, 500 of which
were taken by the exporters. The Railway Share
Market closed quietly, and prices continue to
decline.

The quarterly sales of indigo commenced yester-
day, and 11,573 cheats, it is announced, will be
offered. The following remarks upon the subjeCt
are from Messrs. H. W. Jewesbury and Co.'s cir-
cular :

"The sale opened with fair spirit, and the attendance
of buyers was moderate. The advance, however, upon
the whole, is not so great as that paid previously to
the sale, and for some sorts there was less disposition
to buy ; fine goods, however, both in Bengal and
Kurpah were fully maintained, and the advance on
July rates for those descriptions is from 1.4 91. to 2i.,
and in some instances higher. Oudes and ordinary
Kurpah are is. to is. 01. per lb. higher, but Madras
was quite neglected, and was mosely bought in from
9d. to ls. 31. above_ July rates. The Manila was
mostly bought in at is. 6d. to is. 103. p&r lb. advanct-.
The qualities of the Bengal are about one-fifth good and
fine, and four-fifths middling and ordinary. The Salem,
middling and ordinary. The Manila, ordinary to good.
The Oudes and Plant Oudes, of which there is a large
quantity in the sale, are about one-third good and fine,
and two-thirds middling and ordinary. 1,787 chests
have passed, of which 580 were withdrawn, 523 bought
in, and 684 sold. The following are the highest and
lowest prices
k 701 Bengal ....,
222 Madras
254 Kurpah
28 Manila
2 Sweepings`
580 Withdrawn

4s Gd to N 91 per 11
2s 4d 5s 5d „
3s 5d 9s 2cl „
33 Od 63 6d ~

1,787 Chests, 28 Lots Sweepings, at 2s 5d to 2s N per lb.
There iq no alteration to report in the price of
Silver, but a steady demand exists, and it is
thought that a large amount will be sent away on
the 20th to India and China, owing to the increased
fit:n:was of the Eastern exchanges. The current
quotations in the Bullion Market are :—Bar gold,
78. Od, per oz. standard ; United States gold coin,
21d. per oz. ; bar 'silver, ss. 1;d. per oz. stan-
dard ; and five-franc pieces, ss. per oz.

A large supply of gold has been received from
Australia, namely, 260,0001. by the Red Jacket,
which has just arrived. In the present situation of
affairs any supply, however small, is of importance,
and the amount now to hand will tend to pre-
vent any immediate withdrawal from the Bank
of England. It is stated that arrangements
have been effected for the remittance of nearly
half a million sterlitig to America, and if such
operations are renewed it is certain that a further
reduction of the Bank stock of bullion will ensue ;
but there is reason to believe that from the nature
of the engagements between this country and the
United States the necessity for a continuance of
suck shipments will be precluded. Indeed,
as soon as this panic is over, and the merchantsto
America are enabled to pursue their usual
transactions, there is, no doubt but that large sums
Will be received from that country, since they are
indebted to houses on this side to a very consider-
able extent. As soon as the present excite-
ment becomes diminished, the recovery may be
rather sudden, and thus, as in former similar
cases, the return to a state of comparative ease may
be as rapid as was the recent transition from buoy-
ancy to a state of depression. During such periods
there is always a disposition to form exaggerated
opinions, but it must be remembered that we have
Just secured a most abundant harvest, and that with
the exception of the embarrassments produced by the
failure of American houses and the cessation of re-
mittances, trade continues sound. There is little
to justify the presumption, therefore, thaf the re-
sults of the present disturbance will prove as disas-
trous as those of 1817, to the events of which
memorable period those now witnessed have in
Bottle quarters been compared.
The dividends are now in course of payment at
the Bank of England, but as heavy loans will have to
be returned, the effect of the distribution, so far
as the general money market is concerned, will
tot be very important. Instead of being rein-
vested in securities, there can be no doubt, how-
ever, that the larger proportion of any available
surplus will be employed in the discount market,
where 6 and 61 per cent. interest is offered for de-
Posits. The demand for money in Lombard-street
Is sustained, as many are apprehensive of an ad-
vance to 8 per cent. before the end of the week.
indeed, it is to this wide spread alarm
that much of the present inconvenience is to be
attributed. The public have obtained a great
deal more accommodation than they require ; and
if it is determined not to make any further altera-
tion the market will doubtless relapse into a much
quieter state.

It appears that the advance in the Bank of France
rate of discount to GA per cent. was expected, and
the event has not excited Much comment, nor were
the Rentes materially influenced by the change.
After the recent excitement in the market for
English Securities a slight lull can now be re-
Ported ; and, pending a further movement in the
Money Market, it is expected that speculation will
continue on a more moderate scale. During the
next two days the brokers and operators will
have alinost enough to do in the arrangement
of the account, without an active extension of fresh
engagements, recent events having rendered the li-
quidation of outstanding contracts of more than
usual importance. Yesterday afternoon there was
a reaction in the price of the Funds after the pre-
vious improvement, owing to its being rumoured
that the. Bank would raise the minimum rate to 8
per cent. to-day, but this morning a recovery was
established, and since the variation has not ex-
ceeded per cent. The tone of the various mar-
kets is now decidedly stronger, and there is some
appearance of buoyancy. No other failures of im-
portance are •yet announced, but the ono " de-
clared" yesterday is said to be of a considerable
amount. The charge for " continuation" is rather
easier. • Consols for money were 87-,3 1, and since
they have ascended to 883. For the 10 t h prox. they
are marked 88 to 1, and 88i g. The current quotations
are 87i 88 and 88i g respectively. The New Threes
Were 861 87, and the Reduced were 864 a. Exche-
qier Bills have improved 10s. and ss. per cent.
ThL Foreign Market is also much quieter.
Turkish 6 per Cents. have risen to 87 and 87k,
While the 4 per Cents. were 971 1. Portuguese 3
per Cents., 43. Mexican Stock has descended to
18i, 19.

Tho•following are the nominal prices of Foreign
Stocks Grenada Deferred Bonds, 56 ; Mexi-
can, 19'19i ; Peruvian 4i per Cents., 76 78 ;
ditto 3 per Cents., 52 54; Portuguese 3 per Cents.,
43 45 ; Russian 5 per Cents., 105 108 ; ditto 4!)
per Cents., 95 97 • Spanish 3 per Cents., 40 401
ditto New Deferred, 24k 51; ditto Certtfic des, —1
ditto Passive, 51 51,

In the Railway Share Market the arrangements
usually entered into for the settlement of the half
monthly account have fully occupied the attention
of most of the principal dealers, and the fresh tran-
sactions reported have not been important. Most
of the leading lines show a decided improvement
on yesterday's quotations. Caledonian and Edin-
burgh, Perth and! Dundee advanced 55., Eastern
Counties, Great Western, South-Western, North-
Eastern (Berwick) and N.-Eastern (York) Ds., and
Great Northern, Lancashire and Yorkshire, North-
Western and Midland, V. South-Eastern declined
about 15s. Chester and Holyhead, Manchester, Shef-
field, and. Lincoln, and North Stafford, were dealt
in at former rates. The Foreign and Colonial lines
are also at slightly improved values. Northern of
Franco and Paris and Lyons have advanced about
ss. to 101. ; and Grand Trunk of Canada lf. and 2/.
Mines, Banks, and Miscellaneous shares are in-
active, London and Westminster Bank have de-
clined ss. ; and (Mental Bank about 53. North of
Europe Steam shares were dealt in at 41

20
20
10
St.

18
20A
00
LOO

St.
20
100
100
20

St.
St.
St.
50
20