The Express.
London, England, 1846-09-24 00:00:00

RAILWAY PEWS.

The market did not display much activity yesterday,
but the prices, so far as English shares and scrips, were
fairly supported in the main. Leicester and Bedford were
rather lower, which might he expected as a reaction upon
the late advanced quotations. So also some of the. Scotch
lines, the North British, Caledonia, &c., which have lat-
terly been in demand at improved values. North Stafford-
shire were better. The French lines were much worse
and scarcely salvable. Blackwalls were inquired for in
the course of the day. and nrie: • became a stied., 11;gber.
Sheeny tate.: trie cease of l'eisiness, however, a more active
demand arose for them, and they were done at hi., equal to
a rise of .; per share. It was reported, as accounting for
this movement, that the line had heen disposed of to the
Loudon uud Birmingham on advantageous terms after ne-
' gotiations of some standing, and would become thus the last
link of their purposed communication with the West India
Ducks, &c. The sudden consummation may admit of &mid,
fur in such an event the shares would scarcely have stopped
Short at such a comparatively unimportant improvement.
There was no change for the better in the Liverpool
sharemarket ; on the contrary, some of the old stocks were
quoted rather lower than on Tuesday, and the business done
was trifling.
At Manchester prices were still drooping, and little
was done.

At Leeds the market presented a dull appearance. The
transactions were limited, and at declining prices. Leeds
and Bradford declined 6 ; North Staffordshire, 53. per share.
RAILWAY SHARE LlSTS.—Lownox, SEPT. 23.
Norm—Tue quotations of Mel. in Roman characters denote actual
transactions: those of lines in Patin sellers' prices.
Paid.
.11hutchester k 8irm.1761
5 Lie. 4 Mares A.. '76 84p,
i I Do. Do. D....11_1
1 Do. Do. C.... 31
Yarn h.. Buz. &Mat. 11 Ip,
Marsh. h Southampll
........ . 137 139

Pal&
20 4.er/rem
31 Arntwerate.. 1
1C43. Eirmingls.
114 Do. New (i.s4. 71 4.),
1 Illno.&OxiordJunal
75 Bei,tol B:.}:xoter
I Do. New
10 &UM: owl Gloater.
42s'lltichin'thassahno
tlaletionlan
211 Do. d shares
Do. Extrusion
Cantbridye ¢ Ward,
114 Closter w.
•Churnet & Blythe .
I ;(Cornwall.
24 Mon Nortliarn
10 • DiWolin&Beffistlis9
144 PAstern.Coundos
I Do. Nett
Do.P.3pero. No 1
6, Do. /Jo. 2.
10,, Do. Yrk Extension;
11 East Lusea.hire
14 East Lineolneh
50 Ediedwerirk Gioare
10 I Do. 4 shame
111.1• Dc. 4 snores
124! Edinkond Northern
711!Eiv and Iluntinwion,
90 .Giesgosen'iloi..2.4yri
41n;Con4e, ow
pt.SO.4 West(lrel.)
100' pe.liorthoiEttylessut
I I Do. New
IS Grua Western...-
90 ' Do. shares
10 I Do. 4 snares.
10 Do.klfthe ......
Do. New
50 iiitsh 4. Selby
IS. Do.l shares
4 Do. shores
111 Ipwo.,Ylaryry~St.Ed
14 DeJlo.Norteich
43 Letweeseler4Carlisk
11 De. New
2$ Leeds anal Br.,lfortl ,
99e; Leicesk r &
Lig: Leicester. Birming.'
Lie. Man. t N. Jun.i
London &lilackwalL.l
S I Do. New
IS 'London &
40 Do. Fifths
1171 London & Croydon ,
12? Londo4Greenscithi
100 London &N.Nl'estern:
I Do. 1 ehares •
2 1)o. New Alsares
• Do. taint
1241 Do Etyhtlts
3 f 01. N. j sh.
▪ Do. 1:19,A., Lad M.
414 London & r. Weriei
40 Do.NoeCe.s.3th,l
17; I
Do. New
II Do. New
Li • Loudon and tr.,
21 toed
12: 'Londe!". &Colman,'
lb Lyon and Ely
13 .Lwho and Derek's*,
12 :..I(ane/weer & Leeds
t tsharss
Do. shares
3 Da.vm,
Do. S.rteetotha
42e Do. El tell/101e i

Do. New
1,0.11 if # Dere&
liNeweastle& henna
I.Newni. and Chod.d
• North Britioh
Do. ..1 6h:ire*
Do. Pafths
Do.haten. (Carlin)
I Naffed'
NortAww & Mod!erot
.N.Kesit*Dir.Dorrr
Nord BLielbrdshire.
Narthamp., Danbury
Oxi. Wolter, S:WeL
Poresoonati• Direct..
Preotoo tool Wyre...
I Do. shores.
Rugby& Loomington •
• ShoSield &.Vonch....
Do. Liveolo.J.l-..
Do. (.7.6remsby...
Do. Do. Ertel's._
Anuttisla Cent 1.41
,SeettOdi Stidlsnel
Shrewsbury & Nirm.
'Shropshire Union
South berms..
S. .Nastern I.)We,
D0.N.(i,0321)N0.1'
Do.N. (33166.1d.1 21
Do. N. (do. 3014
, Do. N.(46.131.) 4
South Waits
I N'alerford Kans !
.1 West Riding Lnionl

20
311
11'.7
9:1).
'2426.1p.

116 Nib
5 7O 6p.
,
old.
7A k
4I
,494 4
4b
i 9
,21'
12A10
24
47101711
Isol

14;
10
,42c'

149171
I 13p.

Md..'
111 ii&

in 22p.
10 12p.
Gy
6 7p.
f I
ilf tip.

ii.'
10 I
3:IIn 1

Pork earl GrerNie

i.r*
F fad Newcastle.
Do. Neer
Pio% ♦ Nara M.d
Do. 4 oluaros
Do. ..Y.L.4rborooyh
Do. SoMy
Do. Extension

l!i IP'

li-214'

Gi 7p.
7i
21
f‘d.
3 Id.

FOLEION RATLWATA
& Arnim,
Dwarf Val
I nuteb Itheuirb
:East Indian
re(' loul.l'eniNonil,
•G rent ;Po?. Berval
°Gt. Nor. France. Cuu.
Gt. Wr3ten. 011 VI lw
Louruln b la Sambre
Lyons mod -Inigoteor.
,Luxembount.....
INuuur Is Liege
Grimm 1, Vierzuw
lOrkau, & rurder.ua
I °err Yuri
'Pais kLycm.s, Come
Paris Orkin',
, Paris and Reuaa
' Peri, .I.Blrarg,Coss
nouns :ad 'lame—
Mittere wad Meuse
•Strasbbq artdßale
Tairs4 Ne.ntes,C4ist
; West Ylanclera

lin 2 2

lavraroot, RCM 23.--nalce:—cheater, Birkenhead, (?Al. - sh.)
? r.—nlinburgli, Glasgow, 701—London, N. Western, W.—Ditto
(new I oh.), 151 p.--Manchester and Leeds (( eh.), 64 p.—Ditto
(Fats. iih.), 1i p—Midland (401. sh.), 12 p.—Newcastle, Bent ick, 121
p.—North British (Carlisle`, 21,p.—Slieftield, Mainhester(l ah., No
3), a d.—S. Eastern (new, No. ..;:, 3 p.—Ditto (new, No. 4), Hs. 3d.
? p.—E. Lancnahire, 8j p.—lludderafle!:l l'. and It., 1 p.—Ditto
trxtn. sh. , Cs. 3d., 8 p.—Rudders. tleld, Sheffield, 5i p. —Live Triad,
u= b p.—Birkenhead, Lancashire, Cheshire in., 38,. 90., 2 p.
Oxford in., 3( p.—Newry, Warimmoint, i p.—N.
Staffordshire, 31 p.—N. Western, I p.—Shropshire tin., 1L &C., i d.
—Trent Valley, Nlidlands, Grand in., i p.—W. Hiding Un., 21, Co. 3d.
p.—Dutch Rhenish, 10.—Italian, Austrian, 1 it —Leicester, Bed.
ford, i. el.
LONDON.—TEENT VALLEY, MIDLANDS, AND GRAND
Juxeriox.--The first general meeting was held yesterday at the Com-
pany's Office, 19, Great George.street, Westmirister. W. H. Tootal,
the deputy.chainn in, presided in the absence of Colonel Anson. The
report of the directors stated that the meeting had been made special
in order to ratify the two several agreements of the 23rd February
aai 19th of June, 1013, by which the company became amalgamated
with the South Saffordshire Company. The capital sto.k of the :mtal-
gainated company would consist of 945,11001., canins.ed of 78,750
shares of 121. each. Of these shares the Trent Valley, Midlands, and
Grant Junction Company supply 33,01*, sal a 121. share
in the amalgamated compaay would accordingly be issued
to each bolder of one 20/. scrip. The driven io of the antabminatell
company would be eighteen in number, of whom the South Stafford.
shire had already elected ten. Owing to the short time which had
elapsed since the passing of the act, the directors were unable to lay
before the proprietors any more correct statement or expenditure than
the imperfect la-dance-sheet which they pre:duce:l ; the expenses, how_
. ever, although heavy, would leave a balance which, added to the
amount: hand, would leave a large stun applicable to the construe-
tion of the line. The amounts were as follows: iteeelitts—Deposit
on 35,000 sharers 73,5001. : Disbursements—By paymenta on :recount
of exaenses, 12,7101. 15s. 6d.: Balmer 0,7891. 41. 6d. The
renort was unanimously adopted. The eight directors re-
: tiring were then re.clected, after which Mr. George Saun-
ders and Mr. James Durham were appointed auditors of
the company at a joint !adore of 501. 'the Chairman then moved, and
Mr. Beale sacondeil, the adtiotioa of the agreement between the cont.
Daniel, which was carried unanituousl. ,v 1.1 answer to questions
Irani proprietors, the Chairman explained that the enninutioa in the
value of the shares was caused by the increased amount of capital con.
scouent upon the amalgamation; with reanerti to the projected Show.
hello branch, be believed it was the intention of the directors to pro-
ceed with it neat year.
GREAT EASTERN AND WESTERN.—Yesterday a meeting
of this company 1322 !111 at the office, in Gresham-street, front which
it was Amman' to the Guildhall eoffee-liouse. Mr. Ward, 31. P.,
took the chair. After a long and radar discussion between the chair-
man and others as to the legality of this westing, and other point, of
minor importance the acemmes of the company were presented, and
from them it appeared that there had been a most rcekleas expend'-
: tore. Of the 70,094 shores, 40,290 had been paid upon. The total
: receipts were 103,234/. 1 Is. gel, and the expeneature 60,6351., leaving
a balance of 42,3991., but against this were further liabilities. Mr.
i Sparkman, Mr. Mouhert, and Sir. Cohen, were most condemnatory of
the conduct of the directors, tool in meny instances the charges
seemed well grounds'. A scene of unnam ensued after the announce-
ment of one item of the expenditure, namely, that of 10,0001. to the
two projectors of this expensive bubble. The chairman defenZed the
board in the best way he wail able. He attributed their ill sueuesa
and conseqaaat expenditure to th.,x en;tineer's pLna not being
deposited and correct. The are; gement With the Great Western
he considered would hare been most advantageous had they been
successfu! In Parliament, :.:'d 23 to the Newport, Abergavenny,
and licreord, it war a elcris,er ressoet, for that line going

part
caballumrai.."u
over two-thirds of their course the directors th-7,---",5,„
The
eproteat against their being used ato..-
salde to oppose it in Parliament, and they irreee-°"`
in fp Ring half of the project to themselves. Mc, oh,e,.!;llfeessfe
, alluded to the prospectus oongning the expenditure io „.24ea ,!-.44
the chairman said, that only alluded to preliminary exix,-
going to parliament. A seripholder Mha Atom=h
shares, making 25,0001. t (Hear, hear.) r c'rl
at tbe Manchester rneeino
facts was this : that thirty.ftve of the provisional hoehehil.g.'T earn%
paid their drpo its. Mr. Sparkman asked how many sham hod h,'4
got in by the directors, ky their 156. advertisement! The c 7
mid ahoot 8,000. Mr. Spielman robed if them were to
against then, on this occasion. The chairman replied the
`pmt.
son
aged the none
that
Ihtieseecirtib:3glr.
~..fllfitied:pahecar•edkinenabterian,:purednaidecaintpdlitisidi„.
In such eases could not be used by the directors, for such
mm het:, paid without the sanction of the majority of the shot ehorse7,."4
of a geZeral meeting. (Hear, hear.) After wane further a
then put the trsopn 10p
for die solving the company, which was carried unanim'"
was oleo earned, with one dissentient, that sorb dissolutiooh": "
an act of bankruptcy. The votee were then taken by the k hat
' and the meeting warn adjourned.tau:tie;
PROVINCIAL.—S2F.CIAL MARTINO OP THE E nr
avitbn arre Gtaskow 11 iII.WAT COMPANY.—RDSIGNADON D,s.' •
IherarmThe special meeting called bv the directors was :Th.':
stilottlre °lnncoTue6darporatiY•onloft wtlrecomby fpanar thye: nlic.thanynsuawharertr'olde're*<.faciti ;—"""'"ae.'
taut parts of the country were present. 31r. Leantiouth took ta;
chair. The secretary, having read the regui,itionculhog the
read a report from the directors, defending themselves
tentitnal minepresentation of the company's affairs, but aaitni a'
that the result of the proxies from the more distant -t
regard to the amalgamation with the cane* was such as left the.,;o:
directors no alternative but to tend: r their resignation. Tri,—
also alluded to a report on the affairs of the crathany by thrir`,„_
countants, appointed by the shareholders, which a ehatpkieT,
exonerated them front all intentional misrepresentation, that thee',
would not go farther Into the subject. The report of the auditms en'
then read, which showed their opinion to be, that a ceratp
(11,000/.', from an germ to the principle on which the accounts had
been made up, had been placed to other accounts instead of Leif
no entered as to increase the amount available for dicireigh.
chairman then stated that the directors had eaged the htethk,
the purpose of taking the opinion of the whole of the shah he
to the present position of afraire, and he admitted that tri
express:don of the opinion of the more distant shareholdera
sy
so distinct, that they bad no other course left hat ti
resign, and allow the shareholders to appoint those afro nogrg
give greater expres.don to the feelings of a majority of th; duns
holders. There was one condition, however, which he thought they
might fairly ask from the eliareholders. There might has been de.
recta ha the management, but he thought they would allow that h,t
action of their's had been olherwiov than in goal faith and intenrm
He was conscientiously convinced that the proceedings of the disease
had been right, and would look with apprehension on any chain g
policy as to the canals. He therefore hoped the eltrehoiders some
have no objection to afford them an indemnity front personal rum.
sibility for one of the manures they had entered into
hoped the directors would be acquitted of making op the
accounts with any other view than that of giving a lair ;34
honest result to the shareholders of the half year's prot,,a4.
He admitted tire the revenue from traffic had been toiled
with what should have been placed to capital; be adanned
that Mr. Rawson was right in the principle he rano at
last meeting, but It fume from the system on which the loots hat
been kr pt, and as the hat half-year only had been examined,*
m!zlit Pod other el :Mu of the tame Line(. Rut if capital so,: to be
so fetish lotcled. the bubble would buret some time, and they Lea
not be elite to ka;:i up their dividends. After referring t r the bar.
;achy ts wh.ch 11:e directors had carried on the Dana:, ig ;he kart
years, ciaralo which he had been chairman, he concluded by
br4.:lse that the -!ureholders would give the are tors au indannin
fr en y.mor.al reeponsibia:y. He concluded Ly saying that as the
sbareholih. :a ccull hot n•.w elect new directorN tie prat*
Board would, if ini• mailed, align, except Bre, who would remit
in to appomt any k n directors the shareholders might name.
l'ac Ave gentlemen would resign, and allow the ten gentlemen:a
Lame th• :r anocemors. 1k then monad the reception of the rases
Mr. Archibald Smith seam led the motion. Lord Belhaven, salt
some remarks ca the subject of the amalgamation, propased tuna
payment equal to aix per cent. should he pia to the eharcholdera
next week, if not in name of a dividend, under some other title. A
discussion ensued, which was not con:dueled when our retort left:
ha it e.d rtarelaiisa plOpastitg t.irtsstan met
per rent. would be ca
per aloe one appointing director a.
Nolan STATFOL:tsIIIIIE.—The first genera meeting of
the itharcholde or, wader the Act of Incorporaion, was hchi jeitain
rat stoke-npon.Trer.t. There was a menu roars attendance of share.
hollers. J. 1.. Ricardo, M.P.' to the chair. Mr. s,irrucla, the
secretary read the Ter mart. It entered into a long detail of the ma
tests and negotiations: through which the company had arrival
their present peisition. Restarting ;heir actual state, it Nall: "It
will have iru identally been men by the agreement with the Herbs-am
Cream that the nominal capital of the company is 3.37e,001/.; wle r.
the actual capital requisite fee the completion of the work., and
eh:wised in the tel is 2,100,000/., invotring a reduction of capital e!
370,000'. Thes earl, share would represent about Ih/. 12'. id, tang
a reduetisn of 11. to. Bd. per shine; but as your oirectors contemplate
the necessity of severil octal! branches, which will involve some ea
pen:am ft i, their Auto:tan, uitt, ; our concurrence to apply le
; parliament for permission to increase ilu it capital C. the extent re-
; fluffed by these additions, which will probably the nee...eye
any ultimara reduction. These wklitions will be submitted to con
in their dehuls a s coon as thy shall be fatly matured.
The ace:nags laid before the melting, inchole all and eery capon:.
tare and liability up to the paseiug of the acts. Year di:actor: pro.
pose that the accounts, from the passing of the use, shoed be
included in those of the ensuing Milt year. Both cl Ruse hill be sub.
milted to the auditors in due course. The greater part of the line a
staked out, and coramete made for the conoplet:on ef the worts, aol
the solicitors are proceeding with all due expedition to obtain pm.
swain of the land. Contracts, for a large supply of iron rail., ham
loam made upon favourable terms, and ever, sec eaary coo attire deal
been taken for insuring the completion of the ralway at the e
possible period. In order to carry out this intention, it will be
neienary to mule a call of 2/. 18.. per share, payable on 14 Darla
bee next" Directors and auditors were elected. The chairmen
stated that the compusy had no intention of amalgamating with any
other company. The sum of t,5001. was voted to the director. for
pan services, and the same sum annually. The report was adostil
Mr. sionteia was aprxiinted permanent secretary, at a eatery of oxl/.
a Tear. Mr. Hopes and Ma. Moore were appointed auditor,. A vote
of Maas to the chairman was carried unanimously, and the mcethm
broke up.
BELGIUM.—The greatest activity pervades the works On
the railway front Cbarleroy to the Frerali frontier. Three or tsar
thutesmil workmen are said to be at work thriving piles fur the bridge,
and the two diversions oPthe stream of the Sambre. The company
has thus profited by the interroption of the navigation (which rante
to on end on the 15th ins.) to advanec the important works at that
point, and accelerate the eompletion of the line. Application 11,, ban
mele to the ALnieter of Works for the coneemion of a railway f: en
the station at Jammu in the direction of lkivay. It would he of ea*
qualm as forming a connectinz link v. ith great Panel line fan
Horny by Arcane* and Leon to ;Chateau-Thierry.
TRINIDAD Litt P.AT EASTERN AND SOUTH-WESTERN.—
An ad:mated scripholdere' meeting was hell on Tuesday at the Hai
of Conimeree • present 4000 shura: ; when it was agreed that the chair-
man ehou write individually to the directors requesting a statement
of their affair,: by the let of Octane, and if this request be not com-
plied a eh, u pubic meeting will be called.