Several of the enemy's submarines are at sea, and have inflicted some appreciable damage upon our merchant ships. The danger-spots upon Monday and the greater part of Tuesday appear to have been the mouth of the Thames and the western entrance to the Solent. On Monday, between the Nore and Margate, there were sunk five large steamers, the _Adela_, _Moldavia_, _Cusco_, _Cormorant_, and _Maid of Athens_, particulars of which will be found below. Near Ventnor, on the same day, was sunk the _Verulam_, from Bombay. On Tuesday the _Virginia_, _Caesar_, _King of the East_, and _Pathfinder_ were destroyed between the Foreland and Boulogne. The latter three were actually lying in French waters, and the most energetic representations have been made by the Government of the Republic. On the same day _The Queen of Sheba_, _Orontes_, _Diana_, and _Atalanta_ were destroyed near the Needles. Wireless messages have stopped all ingoing cargo-ships from coming up Channel, but unfortunately there is evidence that at least two of the enemy's submarines are in the West. Four cattle-ships from Dublin to Liverpool were sunk yesterday evening, while three Bristol- bound steamers, _The Hilda_, _Mercury_, and _Maria Toser_, were blown up in the neighbourhood of Lundy Island. Commerce has, so far as possible, been diverted into safer channels, but in the meantime, however vexatious these incidents may be, and however grievous the loss both to the owners and to Lloyd's, we may console ourselves by the reflection that since a submarine cannot keep the sea for more than ten days without refitting, and since the base has been captured, there must come a speedy term to these depredations." So much for the _Courier's_ account of our proceedings. Another small paragraph was, however, more eloquent:-- "The price of wheat, which stood at thirty-five shillings a week before the declaration of war, was quoted yesterday on the Baltic at fifty-two. Maize has gone from twenty-one to thirty-seven, barley from nineteen to thirty-five, sugar (foreign granulated) from eleven shillings and threepence to nineteen shillings and sixpence." "Good, my lads!" said I, when I read it to the crew. "I can assure you that those few lines will prove to mean more than the whole page about the Fall of Blankenberg. Now let us get down Channel and send those prices up a little higher."