The Express.
London, England, 1846-10-14 00:00:00

RAILWAY NEWS.

Business was firm and active yesterday in scrips and
shares. There appears to be a decided return of public con-
fidence towards investments in railways. That such is the
tendency in country markets also may be gathered from the

%iI
4;

provincial journals. One of those, the Liverpool Albion,
after making very liberal and literal use of certain recent re-
marks of ours (but without ackuowledgment of origin) on
the solidity of railway property judicieusly selected, and its
more advantareous returns as contrasted with other descrip-
tions of securities, public or corporate, proceeds ti state that
opinion in that sense is gaining ground generally among the
property classes in that locality. It has been almost invari-
ably the case, until of late, that in drawing up testamentary
dispositions, and making settlements in trust, the trustees
and executors were bound to lay out and retain the property
conveyed in government securities solely. Such is no longer
the rule so exclusively. It has happened within our own
knowledge, u one instance of a departure from old preju-
dices, that a party in Lancashire, known never to have been
engaged in any speculation out of the routine of his regular
avocations, and who, when living, never held a railway
share, directed his executors and trustees by his last will to
invest tne greater part of his property, say some 20,0001. or
30,0001., in railway share*, for the benefit of those for whose
use his property was demised. The York and Newcastle
new shares were still in demand yesterday, at higher prices.
Brightens, North Westerns, and other old lines were better.
Manchester, Boston, and Matlocks scrip improved. Both
scrips and shares were generally called higher at the cline of
the market, where not absolutely done at advanced rates.
The aspect of the sharemarket at Liverpool was better,
and the improvement of yesterday maintained. Landon
and North Western stock is not to be had under 190 South
It astern and Doren were in demand ; 39 was offered at the
close of business without any sellers. Huddersfield and
Manchester improved rapidly, and were done as high as
225. 6d. premium out of doors. Dudleys closed, buyers
at 21 pm. Ormskirks, 31 pm.
The Manchester market was lively ; a very good business
was done, and prices were generally higher than on Monday.
The market at Birmingham opened fiat, and scrip in the
Birmingham, Wolverhampton, and Dudley line receded to
2i p.; but the purchase of a thousand shares by one indivi-
dual ease another impulse to the business, and at a later
period of the day sales were effected at 535. 9d. p. Stour
Valli ye were more in demand, and; sales were effected at
18s. std. p. Shropshire Unions still continued to create
considerable speculation, but prices had a slivht tendency
downwards. There were transactions at Ss. 91., and ulti-
mately at 10e. dis.
At Leeds the market was not so active as on the preceding
day, although a good deal of business was transacted in old
stocks at an advance, and in scrip at a decline. Huddersfield
and Manchestera advanced 15s. ; Huddersfield and Sheffield+
10e. • Leeds and Bradford, 51. ; Manchester and Leeds
Fifths, 55.; whilst Ormskirks declined 75., North Stafford'
3a. 6d., and West Riding Unions 4e. 6d. per share each.
- - -

, -
RAILWAY SHARE LISTS.—LOxpoN, OcT. 13.
Nora.—The quotatiorni of lines in Roman characters denote actual
transactions: those of lines in Peaks sellers' prices
rani.
Sid. 140 Manchester & Biro 73 4 3
Do. i Shares A 1 71p.
Do. Do. B 7ex
Do. Do. C.' 6 7p.
Manch., Buz, & Mall,
Manch.* Sosslisansp. 1 i Old.
Midland 134 313
Do. New 4 I 3f
Do. Bins.* Derby 103 11
Newcastle & Berwick.,
Do. North Shields.
Newni. * Llesterfie
North British
'Do. 4 shares....
,Norfolk
.... .

PAID.
20lA ate PL
2
100111IrmIngh. & Gloster I
741 Do. New (im. 76 d) 32
1 .Birm.a: Oxford June. 3 1 4
Bristol and F-xeter 824
Do. New 46 54p.
Bristol and Gloater 19 21p.
Btorkinsthatushire lo4d.
Caledonian 2ll I 4
Ino. 6 shares 14
Do. Erteneists 1 Old.
Cambridge It Oxford II 2.
If:hostel. and Holyhead 23 4 e. L 11
Chttrttet # Blythe :
Cornwall 4l 4 I
Direct Northern.lll 6 iii,
lDublin 4- Belfast Int. 8 Bd.
Eastern Cotunies 2141116
Do. New , 6p. 41
Do.P.sper C. No 1
Do. .1.. M. 2 4 Ip.
Do. Yr 14 i
East Lancak. shire
Do. New 84 8
r East Lincolnshire 1
110
Eastern l'nents
Edinburith & Glasgow '
Do. 4 shares 1
Do. 4 shares
Editsb. and Northern
lily 4- !hint ingdon
Glasgow, Kilm.4.4er
1. So. & Wegigiriewil
Ot. North of
Do. New
Groot Western
Do. shares
Do. fths.
Du. New
'full and Selby
1 Ds. j sharer
Do. 4 shorn
11/pow-irk Bury St.
LaNcostrr 4 Corti.*
Do. New
Leeds and Bradford
'Leicester & Bedford

17
I+L
par.

76.170e.n.1
11;3344 %I

ail
3 1".
11
16/ 19
. 31
.7 jlo6i 7
C.
. 4
10 12p. li
27 29p. :
"2.
.13 13p. 1
Sp. 31
74
d. :
9
• 1 1221 p.
'4liii„

per• ep.
3

531
14j
2/11 1
.70 72
00 22p.
121 klx

O Northers 4. Eastern
5 Do.Serid(iss.s
28 North Staffordehire
2 Nerthantpt. Banbury
21.07.1., Wolter., & Wol.
yortainouth Direct
2 yreston and Wyre
• Do. b shares
24;Rugby S: learnt
00.Sheffir/r/ ¢ Most
111 Do. Lincoln. Jo
0 I Dn. CB. Grimsby
2.1 Scottish Central
2);Scat fish Midland •
3 Shrewsbury & Diem
Isrbropshirc Union.--
13 South Demo
13i S. Eastern and Dow
101 D0..N.(i55.321.)N0.11
D0.N.(331.6*.134)
IS Do. N. (do. 101.)
2; Do. N. (do. 151.) 411
5 South Wales
11 Water ford + K ilkett 1
12s West Itiding Union... !
10 Wilt*, Stun. + Freya '
St York +Carlisle
!3 York and Newcastle-
I Do. New
dl fork+ North Maid
LS Do. hshares
15 Da. Scarborowth
la Do. Selby
10 Do. Extension
I Do. F./kW. Ridg:

511
33a.
381i81
,2
CIA Sip.
'143 174
,7

.6
.2.4 2d.
:12 14
.124
94 9
.144 46
. 44 46

no' Leh-eke tßireinvlioni
211Lir. Mao. • N. Arne.
11111 London & Blackmail
3 De. New
10 London A. Brighton
40 Dn. Fifths
13 London & Croydon .
12 'London ik Greenwich
1 'London &N. Western
2 Do. 1 shares.
2 Do. New shares
2 Do. Fifth/.
121 Do. Eighths 1
3 Do. N. oh. f"'
Do. 40!. oh., L. 4 31.
411 London & S. Western
40 ; Do. New Cans. litho
2211 Do. New
181 Do. New
lit London A: York ..
iLon.,Srdis., leoril
Lowinry.& Colerniow
13 'Lyon and Ely
13 Lynn and Dereham
82 Manchester* Leeds l7 22p.
35 Do. sheeny l7l 7
Do. shares sf
S Do. 'ifths 8
61 Do. &Verna' 1 2p.
4b Do. Extension. 1 03p. l3l 21d.
LITIMPOOL, Ocr. 13.—Ibles:--Chester, Birkenhead, 48, 71—Do.
11, 4 24—Do. (201. 1 d.—Great Western (new eh.), 51 p.—Lon-
N. Western, (new sh.), 143, p.—Ditto (1 oh. Gr. 3n.), 211 p.
Manchester, Leeds TAM. sb.), I p.—Midiand, 133 N. Brithh
(1 eh.), 31e. 3d—Ditto (new sh.).lls. 3d. p.—Sheilleld, Manchester
(1 sb. No. 1), 31p.—Ditto (ditto 3), d.—& Eastern (Con. 1 sh.), 21
p.—Ditto (new sh. No. 4), 1 p.—Aberdeen, 5 d.—P.. Lancashire,
33 p.—Ditto (new ate.), 3, 31 p.—Grimsby, 51-d.—Hudders-
field C. and 15., 11 p.—Leeds, Think, 6 d.—Li posk, Bury, 4 p.—
Ambergate, 1 &—Birkenhead, Lancaehire, Cheshire Jo., / p.—Bir-
minghant, Dudley, 21, 1 p.—Birmingham, Oxford Jun. 31, 1 Q.—
Licerpool, Ormakirk, Preston, 31, p.—Matlock, Midland J0.,14 p.
—Newry, Wanunpoint, J p.—N. Staifordeblre, 2 1, 1 p.—N.
Western, par.— Shropshire I:ninn, B. and C. 1 d.—W. MU* Un.,
14, I P.
MEETING THIS D AY.

las
1131 1 4
170 p

ea
1193 4

FOREIGN RAILWAYS.
16 Boulogne and Amiens
2 BordToul.CetteCnst.•
4 Dendre 4' at 6
Dutch
Rhenish
ss:Eant Indian
salt7seat Ind. Peninsula
Se (Ml West. Bengal
5 a.. Nor. France Cons
4..n.k.... 31 Ct. Western Canada 1
6 Louraln a la Sambre
S Lyons and .Iriynori
4 Luxembourg
6 Namur and Liege.—
O Orleans and raison
6 & Bordeaux
410rerlstel
S nu& & Lyonn, Coast
* Paris and Orleans
K/ Parts and Rouen
5 Paris k Stranb.
6) Rouen and Havre
10 Igembee and Meuse
14 „Strasbourg il Bale
5 'Tours& Nantes (Mot)
6 'West Flanders.

le
lid.
I
I

"
19 hi

12.14 p.
.301
fi :4
I?.
il 11

Swansea and Loughor, 2,

4% 40.
4ip.
.81 b
.32d.
.34
4 49
384 37i

'Re
5i 5
.9 9

PROVINCIAL.— DUFFRYN, LLYNVI' AND PORTA-
CAWS- RAILWAT.—A wecial general meeting of thesharcholders in this
undertaking was held at Rndgend, Glamenranshire, on Friday last.
The chair was occupied by Sir Digby Maekworth, hart. The follow-
ing report was preeented be the committee of management The
committee of the Duffer I,Llynsi, and Pudica wl Railwaycompany have
much satisfaction in reporting to the shareholders their muccedings
during the past year. They have been engaged in an arduous and ex-
penaive contest, which has terminated in an amicable and satisfactory
management. In pursuance or the revolution paned at a general
meeting of the proprietors, your committee used their beet exertion',
to carry out the important extension of the Portheawl Railway, under
the title of the Glamorgan Central Mineral Railway. The failure of
that project Ls in a great measure compensated by the intended amal-
gamation of the l'orthcawl line with the Llynri Valley line, which
must ultimately lead to the full aosomplishment of the more extended
scheme. The terms of that amalgamation are favourable to the share-
holders, in the Porthcawl Railway—the whole of the revenue being
reserved to them until the Llvrivi Valley line is completed; and pro-
vieion le made for the equitable valuation of the shares in the Perth-
curl Railway—so that they maybe adequately represented when the
capitals of the two companies are united. The revenue of the Perth-
cawl itailwayesintlnucstoinerease—that of the last month (September)
being 30 per cent. more than the average monthly revenue of the past
year; and great additions to it will arise from the new warts which
hare been established on the line, and the enlargement of the old
works. It appear, that the revenue for the half-year ending the 30th
April last was leas than that of the preceding helf.year. This was oc-
casioned 'solely by two of the compauyes on the line having stocked at
their works a large portion of their make of iron, which they are now
sendiug down to the port, consequently. the income of the company
after the 30th of April will be increased in the same ratio as it was pre-
viously diminished. Same considerable additions and improvements
have been made at Porthcawl ; a large amount has been expended in
putting the railroad into an efficient elate as a horse-road. Your com-
mittee recommend that a dividend of 21. 15s. per share be declared for
the half-year ending April 30, which, coupled with the dividend of
4 per cent for the preceding half-year, amounts to si per cent. icr
annum. The present state of the road pistifies the expectation that
while the future revenue will be much increased by great additions to
the tragic, the current expenditure for repairs will be below the aver-
age of former years, consequently much higher dividends will same.
The finances of the company have been so trespassed upon by the pro-
ceedings connected with the Glamorgan Central Mineral Railway, and
the opposition to the rival line (which wilt hereafter become an
integral part of the Pertheawl Railway) that Tour committee recom-
mend the present dividend be left to stand to the credit of the several
proprietor., to hear interest until the finances of the company are re-
plenished. The expenditure in promoting the Glamorgan Cen-
tral Mineral Railway, and in opposing the Llynvi Valley
line, will both be taken into consideration by the referees
in the valuation preparatory to the amalgamation." The
of the committee were afterwards ,oiffirtned in the
olnene'ing resolution :—" Resolved, That this meeting having taken
Into caudderation the acts, proceedings and transactions of the com-
mittee, siuec the annual general meeting, in June, 1845, up to the
present clay, as neorded in their books, witii the audited accounts to
the 28th April last; and the committee's report recommending a
dividend of 21. 15e. per share, to be declared for the half-year ending
30th April, 1840, its read to this meeting in lien of the annual general
meeting usually held in June do approve and unarm the same."
After other routine busbies., the meeting separated.
FORElGN.—Bstomm.—The company for making a
line from Paris to Belgium have just placed the nomsary plans before
the Minister of Public Werke, for constructing a branchrailway be-
tween Dunkirk and Hazebreoke.
GERMANY.—On the 4th instant, the new bridge at La-
denbnrs, on the Baden railway, was severely tested, and was found to
be solid and well suited to the purpose of the railway. Next week
the trains would pass over it.