The Express.
London, England, 1847-09-16 00:00:00

MONEY MARKET.

WEDNESDAY EYINING.
The funds have closed better to-day. At the com-
mencement of business, Consols stood at the reduced
quotation of tifii ton for the account, the market
having taken its tone from some irregular bargains
that were entered into yesterday evening after the
conclusion of the official business of the day. Some
sales were, however, effected by a leading party,
which served for a time to confirm the less favourable
range of quotation. It was, moreover, rumoured
that a pigeon express had arrived with bourse intelli-
gence not of the most agreeable description, which
may probably turn out to have been the tact ; but the
market rallied in consequence of a statement which
had become pretty general relative to the affairs of
Messrs. Sanderson and Co. The closing rates were
881. to for money, and 861 to for account. Ex-
chequer Bills, Is. to 4s. pm. It was affirmed that the
house of Sanderson and Co. was proceeding with its
affairs, so far as partial liquidation is concerned, with
the view to an eventual cessation, and that the fullest
assurances had been given of its ability to meet every
engagement, by the payment to its creditors of 20s.
in the pound. Whilst writing, wo are put in posses-
sion at a cueulae issued by the firm, from which it will
be seen that this view is substantially correct :

Wag Wiltilwarlig.MOt U, la47.,Centlemen,—lt ie with ea.
time vs Ws Mn to you that our house is under the
dawdle Stibmimis, an event which WM whoUy un.

Pr I War MIMI&
PARIS, laer.l4. m..„.
PAD. and Rouen..... 1179 1.112
lIWM 11-Wilirl 1 1167 SO
Parts and Rouen ....I 1116 26 OW 69 922 SO
11091 60 ' 917 60
Rouen and Havre 566 60 60 fiel 0 0 163 75
Avignon Marseilles, 660 112 60 645 632 60 632 60
streetcars and ,
Centre a lersoul , 640 al : 76 fik 50
Bordeaux 4ll 435 435 43u 435
North ........ 61622 • 61760 61760 61260 613
MEETING.—EDINBUnOII AND GLASlGlow.—lislfyearly
Atrering.—Clairow, Sept 10.—Mr. Peter Blackburn in the
The secretary read the report, front which it appeared, that the
tragic receipts far the half-yeas ending July 31, 1846 and 1817,were—
. 1646. 1647.
Passengers £52,91316 7 £54,287 15 6
Parcels, Re.,
Coeds and cattle 28,903 10 3
£80,60912 6 £89,287 9 6
£84,46912 6 Inmate.
---£4,017 17 0
This increaser. arose without any additional mileage being charged On
the line, en any inmate. In the rates per mile, and notwithstanding •
complete cessation of Union Canal Wattle during the month of July,
1840, which added about 1,280/. to the revenue of that half-year.
But the working expense. had been exceedingly hosiTy ; and their
inmate was caused partly by the very considerable nee in the rare
of wages and prim of material, partly from the repairs required in
consequence of some serious aondenta occurring at the latter end of
lost year, and lastly, from a limited stock of engines, which were
sigirworked. The general depression of trade had UINO had a large
aloe in preventing a greater thermic in the revenue. There was
likewise a charge made against revenue, to which attention was
vic., 2,9791.16 e. 7d.briterest, accumulated on land unmated for
once the opening of the lime, but which could not occur again. The
hal:ince from revenue to 31st July was 47,034/. 12s. 7d. Balance in
hand em 31st January, 12,963/. 2a. I Id. The duiporable balance was
60,017/. 158. 6d. The directors recommended u dividend at the rate
of 0 per cent. free of incongc-tax, or 5:,7341. 7a. lA. • leering a
balance to be clinks' to the erelit of next half-year of
7,283/. be. The works on the main line were reported to be In
escelient order. During the put six months the trains bad run with
great regularity, and 538,302 passengers had been carried without a
mie casualty. The new works were proceeding satisfactorily.
Referring to the external relations of the company the directors had
to regret the for at the bill authorising an Increase of capital, and the
holding of that sink In other lints which wee found by them in the
company's posessioa. An agreement with the Edinburgh and Bath-
robe Ocoopear maid be submitted, by shirk it wee proposed to apply
liesidle amid the perpetual ler• et that line into en
et Ste tore teropooke ; ft& W. *hare of the
est liodherle ha aeavarted lola • la ohne
likdorth ma tines, •• SE Ns rink= big poi& As tie
Awes iripmr Ey Ego enarost Jogw peoprialoto ree km& at
adi ions will eat thmt per. err SM. oak.
ifs ether Ilse ear tie Nendsoll,, rad Chikem—a
cookomik• el the allskrilt est veskierk kr eine Is
mks, shirk email kiss auldiealle mks.' awl Mir leas on
the Wee
f. the Nour pepsied ke Imam yore S per out a •
spiel of 141/011L. le be whelk pill op ly deploodmei IS
M.—She
Chaltuesds weeks Os adeptim elks report, odd %silk restarke

would doubtless have been more pleasant, if the directors could ha
found it poseibk to have recommended a larger dividend. Tha'et.
however, was impossible at present, and the
lageron wee.
that they were not singular, as many of the r lines had beed
obliged to radianu4
.thetiwriditLidendsing.
thAutargethe
.coineresarzw.at
paasmges it
would also be observed, had been followed bran inereak of lower -
hb
Cielirrese7lY improved,ust made unwetomfortable than before, her.
log cushiorniplaced in them, yet the parties bad left them and gone to th,,
third elem. The receipts which they had got this lialf-vear would
hare afforded 7 per sent., had their expenditure keen, as usual, Ss
per cent on the receipts; but it was nearer=y cent. nu, how
crer' would diminish of itselL But two cau led te ses had
this increase: first, a dellekney of engines _they had been working
with a very insufficient stock indeed. They had been overworking
their engine', and the consequence was, they were obliged to he
repaired durtag the night at very ounsittemble expense;
much so, that twenty new engines were ordered, at all
expense of 40,0001. If they had three in operation, and
they expected to have some of them, at least, in opera,
tion men, there would be a saving effected of 3,0001. or 4,0001.
on the looomodre power, during the extent of six months.
The second cause was not so mealy remedied. Perhao the line was
rather too short foe working with the greatest economy. The same
staff of engineers and workshops could maintain twice as many miles
of railway without any additional ex.pense wastever ; and the three:tont
Wen alTeriel:^flr,tl:lll 'Usti shll2iff mr,,qttilatt :heir Mt wills
some other it would be workro at iitr 041E4 ciponse between tins:
At the same time, there was a danger of going into too many
lines, as all these advantages of economy might thus be lost.
They mkt have more stock and plant than ever, or.tl a swap addi.
Lion Wax absolutely necessary, 10,0001. on that aryount. The
extension of the West Commie brunch was intended about four
miles further north, and to take through Strathblane. P. was well
that the Use should be led through that Talley, at the least to the
head of that valley. The North Queensferry branch could also be
considerably shortened, and the line itself improved, and also
to continue it front North Queensferry to ihinitoline. He
would leave the other two measures to the special Ducting. The
directors were very awry that they had not been able to cams
to terms of peace with the Caledonian Railway Company,—
Mr. dill asked if there had ever been any off r by the Caledonian
Company to lease the line at this time!—The Chairman said the
matter referred to was previous to last half yesrly meeting. No such
offer had been made since last half.year undoubtedly.—Mr. Still :
That offer was relected.—The Chairman replied: At that time it was
thought that the terms wete inadequate, which was onmenunicatal to
last meeting; but he did eot think it lea. neeeesary to go back to lastmecting.-11r. Hill said parties were not well aware of that —There.
port was unanimously agreed to.—Tbe Chairman then moved, "That a
dividend know declared, free from income tax, of 30s. per Fluke on the
original sleek; of 7a. 6d. per share on the old and new quarter shares;
sod of Is. 6d. per share on the sum of 111, per share on the nulf shares,
being the &moils( called up at 31st July last ; or at the rate of des
per cent. per annum on the whole stocks, layable on Monday, the
27th September current—Mr. Dunlop seconded the motion, which
RAP unanimously agreed m.—After some remirks respecting Sunday
trains the meeting was made special, when rrsolutions for the cons
Yerdoo,oll,Buo original shares into capital stock, the smalgamation
of the Edinburgh and liathgate, and the Wilsantown, Moraingside,
and Coltoeta lines were agreed to, and the meeting terminated.

MISCELLANEOUS NEWS. COLCHEaTER, Sioun
Seimear, awe Ilararreso.—The ceremony of laying the
first atone of the grand viaduct on this line, at Chopple, took place on
Tuesday last. The fineeere ef the weather, and the novelty of the
scene, attracted hundreds to the spat. About tour o'clock the chair-
man, T. L. Ewen, uoq., and the deputy.clutirmen, W. W. Hawkins.
Esq., with the body of directors and a host of shareholder., arrived,
the master of the worts bearing two Raver trowels mean a velvet
cushion, a glass bottle, in which were deposited the VAnous coins of
the day, and a scroll of parchment, hearing a ‘llligtemarative insaip.
Lion. The usuid ceremony haeMe been gone through, the Chairman
said: "I um much gratified in seeing such a numerous attend-ince
here today, no it leads me to believe that the Stour Vary ltadway
has acquired an increased interest In the neighbourarad. Hitherto it
has hens little known. Indeed, there were pereous who dossed it
with those projects of which the ephemeia. character titanic mani-
fest in the early past of last year. It has, however, curnved that
general shock, and has since received additional strergcth from its ex-
tension, tow legally sanctioned, to Ualstead, and more pardcularly
to the ancient town of Bury Sc. lahnund's ; by which arrangement a
nearer and more commod:ous aceaa to London will be afforded to
that town than any former scheme offered; and which, I n...y add, the
directors ate determined to carry out with the leuct per..ible delay.
The construction of this viaduct must be considered the most
poetize operation throughout the line, whether as regards the mug.
shale of the undertaking, or the conaequent rapt use which it will in.
volre."—Alter a few words from Mr. Ilawkins, about 2uo gentlemen
repaired to a spacious marquee, where a recherche entertainment was
in readiness for them. It was a subject of regret, however, that Ili.
Wythca was presented from attend up by an unforcem professional
engagement, and the chair was consequently °molded by her. Jaeloon.
Everything passed off with the greatest eclat? and We day will lire in
the memory ot all who witiaxsed the proceedings. The viaduct, com-
prising 31 arches of Jul feet span, with on elevation of 75 feet, lull be
a magaincent structure. it is expected to be completed in twelve
months. tieveral of the piers are already tcu feet out of the mud.
CHEsTER AND RoLlli Hubert Stephenson,
C.E., made a proftwional saves of the line from Cheater to Ilbs.
way, on the Bth inst. The result of an experiment to test the stability
of the Dee-bridge was most unsatisfactory; lee, however, any
erroneous Impression should get abroad, it is right to dale that the
bridge, as now secured by adthuonal tempormx supports, is sue for
tragic; but that it must ultimately be rery consiaerably strengthened,
or re-constructed, Were can be no doubt—CA:fir Cewront.