The Express.
London, England, 1847-01-05 00:00:00

RAILWAY NEWS.

In the share market, East Indians were in fair
demand yesterday, and in other scrips and railway stock the
market was generally gond. There was some improvement
in heavy stocks, such as the North Western and Great
Western. Caledonians and Blackwalls were a'so better.
Birmingham and Oxfords in decline. A fair business was
done, and prices well supported.
The Liverpool market opened with a good demand for
most of the old lines, and London and North Western,
Great Western, Midland, and Manchester and Leeds stocks
were all dune at higher prices, and would have been largely
dealt in bad the market been well supplied with stock. The
general business was good, but not much change in the
lighter stocks.
In the Manchester market, in consequence of its being the
last day of the account (settling day having been postponed
to throw it over the holidays), there was but a moderate
business in amount, but prices were well maintained, aad
there was s good demand for many stocks for next account.
There was nu new feature connected with any of the stocks '
calling fur remark.
The business at Birmingham was tolerably brisk, and late
quotations were tolerably well maintained. Birmingham
and Oxford Junctions were dune at the commencement of •
the business at 101, but ultimately declined to 91 p.; there
were sales in the Birmingham, Wolverhampton, and Dudley
at 71 p. ; Shrewsbury and Birmingham I class A), 21 P. ;
(B), 21s. 3d. p., and South Staffordshire Registered (late
Junction), 26a. 3d. p.
The Stock Exchange at Leeds re-opened after the holi-
days, and there was a fair amount of business done, par-
ticularly in North-Westerns and some other local lines.
Prices were on the whole rather firm, and there was no
variation of importance.
The tone of the market at Bristol yesterday was better,
and in several kinds of stock there were many bargains
done. Birmingham and Oxford Junctions, 1I I ; Great '
Western Whole Shares, 52 prem.; Great Western Quarter
Shares, 19/ 191; Great Western I. itths 314 ; Midland,
New 501. Shares, G 1 ; Birmingham, Wolverhampton, and
Stour Valley, n prem.; London and North Western, New,
131 prem.; North Bristol Thirds, 21 prem.
There was considerable tightness felt iu the Dublin money
market last week, in consequence of the calling in of all ac-
counts and balances at the close of the year. That this was
the cause of the depressed speculation in shares it might be
hazardous to assert; but it is certain that very five shares
changed hands, and none were in demand. Stock shares
were the only ones inquired after, or in which transactions
were effected. Prices remained unchanged.
The monthly circular of the Messrs. Allen, of Edinburgh,
published on the 31st of December, thus passes its review the
Scotch share markets at the close of the year :
During the month we have bad a steady improvement in meat of
our *out line'. Edinburgh and Glasgow, in anticipation of a whole
year's dividend, and at an Mermaid rate, in February, has riven 31.
Aberdeen and Caledonian have advanced 21. to 21. Ins., the former
being now 10s. premium, the Litter at par. Edinburgh and
Northern is firm, at nearly the rate of last month, with the addition
of the premium on the new stock. Dundee and Perth has risen hdly
31. Its., and Centrals are also in betteragues)- The Dundee and
Arbroath'is now leased to the Dundee and Perth ate per cent. and
hall surplus profits, including 0,000 Third Shares about to be created
at par, and its stock has in conaequence advanced considerably. The
Ayrshire, at their appmehlng meeting, purpose making a new'
issue of Thinks ;" and the if tasgow, Dumfries, mad Carlisle In to
be united to that Sae, its vtock being converted into Ayrshire
Fifthn." Stirling and Dunfermline, at present under engagement
to the Edinburgh and Glasgow, will probably iota one of ire more im-
mediate neighbour,; and Strathearn becomes Edinburgh and Nor-
thern stock, its scrip being about to be changed for Newports, with
lull right to the new Phan,. At the general meeting yesterday, in
Aberdeen, it was resolved to consolidate, on equal terms, the Aber-
, then and Great North of Scotland Railways under one Board of
Management. The accepted offer of 3,1 r. Hudson to lease the
North Britiah at eight per cent. and half surplus profit" which
afforded the shareholders considerable satisfaction at commencement
of the month. he has since nailed from, and the stock Nut rather
given war. We have, however, to note the appearanee, for the Snit
time this year, of some very wild speculations in certain of tie sewer
schemes. The Font of File, which has been dormant for moatha at
25, to 300. dincount, has suddenly Reeled to Vs. prem. Glasgow,
Kilmarnock, ana &demean, long unmarketable at 2ltt. 611., are now
worth sf. East Lothian Centrals, a line which holden weiraalail, nix
to months ago, get tack 28s. out of 40s. of deposit la no
sooner re-prop.eal than taken up, and its shares in emend
at 20, to 225. tid. prem. The Ayr and Galloway, whose shares were
recently offered on our Exchange at VA., without finding a
purchaser, are all at once rained to 3.55. In Glasgow, and some thou,
sands of its 25e. sham doctaral forfeited, because the contract which
the promoters have required the shareholder" to re...execute was not
subscribed fur In tke day. Lastly, we have the Edinburgh and Perth
pa> ing off their former shareholders at Site. discount, and no soccer
bringing out the new scheme than it is in gnat demand, at 23e, to
301 t. psolitUrn. Such remarkable changes just on the eve of the do-
positing of the plans and oontnicts for nest smsium require mom co-
-1 planation than It may suit some parties to give. The Fdinburgh and
Leith Atantrepherle have made a final return of 20s. out of les.; said
I the Edinburgh, Portobello, and Illtaiselburgh have promimal to pay,
sit, 325. out of 405."
- .

RAILWAY SHARE LISTS.-LONDON, JAN. 4.
sm-The ootatioas of Hem in Bowen chansons &owe actual Dunne.
Mass: throe of lines la lealice milers. prime.
MI6
lid. pm. 1p It Landon and Yale Scalp,
Amberote. sl 3 28' lm. Enteenlos do..
41,r24. Dimb.,rm...1.0,1,;Hr•01(.,.. o,..;GDidiudic...).ey, iltii/2oe
15111...:.....,5taiana :::..k.... 4 17..
1 filma. It Detest Jam* 12 111 id • Manchester Mil Lode..
21.• Boston, Shod, It Mem 44 31p Is' Do. 0 a
re
7I 'Seised WWI .Sester -.11 4p. 12' Do 1 Mares
I De. New 8 I Do. Fifths
Se /Add awl Gisoreska..l, 9 2116 01 Do. dates
Ms Itrokinithamahlre..• ...ilp. pa. MI Ps. Etlessiao
30 Caloaseien leo 3 1 24 De. Deemed*
lg Do. S
an 0 Intmanch., hoot, 4 Meil.
271 Chester and Holybeed 231 2 Ilamir lk Seeihasepte
6 i•orasren 'I i 100 !Melee&
31 Do. 1 Mares l, 51 : Do. Neer
011Direet Northern Scrip. 21 I 2 Do. New
Its pehlia 4 littlest 4000) I/ 1 tau' Do. /Sinai. k
0000010nIts rac 00.11V1 .1:1/ 1 :0 ,Neereastie O.NI
121 Do. Now la Ip. 6 .Nroome3. s
3 Do. York tatemam....g 1 13 North British
II Eau lanesseire
8 Des. New 11/ 13. Do. 1 sham.
If Do. elr. N,. 43,,,1• -10 lip. 1, Do. £073 t
11 Sam Llemlndore....... 31 1 4 I ; Do. Thirda
10 Erste.. r0r0w.... •••• • 13 179. 10e1 Iroefigt
10 (40.000.3 & Glasgow 78 4 a , Do. 4 Arm.
lo Do. 0 share, II imo I ' Do. lereemim •••• • .
121 Do. 4 dam ,114 181 11 M. Oommiee Vela....
12 SaleaseAmill 12 44.3311 3r. Jo Monacan* isardera....
13 Ira, ...4 ih.ti.o it lip. toil
, Lem, Yeovil. Deeds. 01 I : De. New
' I°.".D..'“&abe2k4a 21 1 1 3 ,North magmegolso
21 su.:corolo(1.411I• Meg.) 3 1 3 34 North Ware
34 Do. do. (MN. Hat.) 31 4 31 Nora Meares
1p Gt. South 4 Wog (Dor. 3 ex. 1.13 Oat, Warema,gilale
.3e. 01 North of England.. ulTerromegs Dud
1 De. Nor 1139. 03 Prest44 Do. lon sad Wpm ....
Do. Neer
Ds. N... is los. IER/ryes:al 0.4 11119 lion
West Western 039 9 lorSArglahl 4 Meestaaw..
Do. i sham ... !711 33 13esmo0 awing
Do. *Mum pm m 101113faretiisli 11•11104
iao. yam „.. ..... 133 is g Moon. &Wm. Dana
De,New e 4 3 4 ti Do. do. Clam le
frolder44.l4. Nonehest. 3 44p. 419 Shropshire UOlOOl
Do. Estanaltra..
fag Ma &Dr lye 3 331 Soot ti Baster. A Dome
Do. 0 shorts
De. 1 goose lOl 114 p. I 2 I Do. N. (Ad Is. NO I
Numb. awe 64. NI. 13 I D. N. (4..:M.)
moods. l4 old. Do. N. (do. 1317 4
De. 44. x4,4-ia jO4. par . 1 Pirr3.llW.D•
a Lancaster sad tarlide.,o It I Waterford 4 Koltesair
3 Ls. Nero. .•.• • • • .... ;1 Op. 45.' Wool Mslol9 1,6660 • -
Is Leeds ena Deo4forvf. •• • ,431 Op. is 'l3ll6e,Soes,ll Wtyint.
Iti 3mits sad Tame i(1 Old. 13 IY•et and Neweadelt ..
I De. New 'O4. Ip. I De. New
4 Ds. Pert I per Bed. if tip. 2 De. Preemie
'111404 , Dews., itaarrtolr 0 10p. .30 Tent 4 MeMA Midland
Do. Itrosent• 0 Ames. De. 101aree
De. de, Do. at. 1/100). 41 Ob. m D. Sao •
D.M. Zen (Orr.) l IM.
011Lemesare* Drelford .... lIL I De. Pralermor
LIT. llso..and N. rase 14,1 ID. Lalr.lildarlat
Loads WDlatamill. II name Baittirere.
Da. New 31 It BMW** 4 denisne._... .
and. larigism 8. Go sei ei a 8.4.000, Tort. 4 Pete.
D. io. Dom P 4 01 74 eke. 24
.....Drocrecia.;;;;. .4.i.t.i;;.
Do. Cons alihtbs 14
Do. do Guano II a ( f
,e 4 Duch Banda
Loam moot Onienmed. 31 I. Nod 14444
D. IL 0 3s. Onest beam Preinoin
Losion-zr\Torteru 201 MI 1. Omat Wellittl• 114.0•1...
It: :Tv.- l3 44, 4 0,::::,N.0.13.2..fr-r.:;
Do. TAM 301 Losembeers 1 1
T.,.. tot,. M. a ... n 1 4 Seems mod ISM. 41 •
Do. Id 5.9., M. 40.•74 p. I Orieena red Mtn., 4,
D. IN. A., M.. 4 B 41: p. aag Borgia s
I Do. um oh. M. it B. c. /writ awl 144.4 4 11i.
II Leaden a S. Meant, , al i to amused Orem.. lB 10
O Do. Nem form MU. .30 61 Tests
and Mom 30/ 34,
al Do. New.... r 4 3 Paris and &evoker. I 044.
10 Do. Neer ID Rosesa4o Nave.-- ret *
. De, Teethe. 441 10 andMenee to
4 Do. fortai 14p sod 8010.... O
i Do. noir ............44 3:1 23.,.= Nantes .... 99.
4 DO 43 II 1 • Wed tjandere... ..... 3
Lacsaroot., Jos. 4.-Bates:-Cleester, Birkeelhead, 50.-E. Coun-
ties (oew eh.) 74 p.-E. Lancashire (new ah.,), 34 a.-Ditto (new
MAP). 11 P.-E6i.90,14h, 6101038 HI-Ditk3 4 oh.), Ili p.-Glas-
mr,J:yr (new eh.), 71 p.-011. Weikel', 47 ~ - Ito (1 eh.), 91 to.-
1, N. Western, tai-Ditto (new 4 eh.)), 141, 1 t
-Ditt*
CAI
&
B. 1 eh. C.), 71 a-Manchester, Leeds (4 sh. , 14 p.- itto (late 11. &
OM) 61 a -Ditto (1-sth eh ), 61 p.-Ditto (eotn. oh.), 11 p.-Ditto
golibitierL, 12-t.L3,411',.(,-. p.-Ditto 121,-,'". 7-2A,t32tkpi.°7?.be,-t4.1
21, 1 a -Ditto (1 sh.), 1 J.-Ditto exta. ph.), 1 d.-Midland, 131, Is.
-Ditto (new oh.), 5, 51 p.-N. V (A.), 915 ; (B), 156.-8. Eastern
(new No. 2), 31 a.-Ditto (do. 4), 1 P.-York, Newcastle (ext. ea.),
/1 p.- -Ditto (pr 4. eh.), 51, 6 p.--Yak, N. Midland (Pr
M.),.), 11 p.--Caladmilan (4 eh.), i a.-Iludderalleld ,1
and Haßsoy (13 paid), 4i p.-Ditto (eitn.), 11 p. Lent.
Think, 0 0... • -:.otto (pref.), 11 p.-Sluemsbury and Chester,
21 p.-Do. (v.'s rt.). 1.. 31. p.-Birkenhead, Lancaahire, Cheshire
Jo.,eioe
11 4 9.. 9d. IL-Birmingham, Dudley, 74 VV -Birmingham,
od Jn., 91 1 p.- Blackburi. Clith, and N. W., 1 d.-Boetoos.
Btanarced, Birmingham, 24 p.-E. Linooloishire, 24 1 p.--Gr. Northers
(late D. N.). ~ 34. Da, 1 p.-Do. (late L. &S" .J, 4 Its. 3d. c -Liser-
pool, MeneheMer, He cootie Jn., 4 3e. 9d, a -Lontlon, Yak. 13e. 9d.
ti:mbibirdno
bet Northern, 1 6s. 3d. p.-Matlock. Midland Jn., 1 a -N.
Ire, 41 p.-N. Counties Um, 4 d.-lihrewebury, Hereford,
M. 3d. 1 d.-Shrewabw7, Birmingham (B), 21e. Sol. p.-gbropehire
Um, R. & C, 1 d-o. Bt3ffordshim Jn., 11 p.-W. Riding Ils.,
435. 9d., 21, 60. 3d., 21, 64. 3d. p.
MEETING THIS DAY.
Madrid and Valencia ; I.ondon Tavern ; 12 won.

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•
MEETINGS. DERBYSHIRE, STAFFORDSHIRE, AND
Woucwruntrilas JeNCTION.—DIASZT Eon AND WM' JUNCTIOY.—
DI.SOUTION hiernsu.—Jan. Smee Matthew% Seq., in the
chair. The object of the meeting was to decide whether the first-
mentioned company.should be dissolved. The chairman prceided, and
in newer to quegitios put to him by ?dr. Clarke and other sham-
holders, stated tout though the company bad toiled in obtaining their
bill lost aced" there was but little doubt that if the scheme were
prosecuted in the next it would be successful. That Lord Netherton,
loot Banat, Lord Trlbot, and most of the influential landowuers
whose property would he interfered with by the line were favourable,
and that it wee supported by nearly all the ironnausters of the district.
The direct,rs had eutllcient funds in hood to carry their bit through

parliament in the emitting session against any opposition they could
expect; while, on the other band, il the money was divided, the
return per Aare would be 110 .111111 ss to be namely worth haring.
All the necessary wept had been taken to enable the directors to ge
before parliament next session; and if the shareholders consented to
that course they would is all probability obtain not only their full 425.
a share, but a good premium in addition, as there could he no doubt
that favourable terms world be offered by one or other of the great
lines which this railway would join to amalgamate. The liability of
the shareholders if they should determine to go on would be
limited to the 2!. 2s. a share already paid, and they would have their
old scrip exchingel for new without any additional char,. This ex-
planation appeared to give general eatinfution, and many nhare-
holders, who had intended to vote for the dissolution, declared they
would now rote against it; but Mr. fluke ...cried that as the pro-
visional registration of the scheme of last year expired in June, the
project which would go before parliament next year, and which was
registered in October ken, was m egad a new one, and as the di.
rectors hod no power until the one was formally dissolves! to devote
its funds to the other, the shareholders, by accepting the new scrip,
would render themselves liable for all the expenses otteading the pro.
emotion through parliament of the new scheme, or the fad 2/. a
share. The chairman and several of the ahareholders herd on the
contrary, that registration though usual as a matter of (ono, and to
enable a compaey to carry out its objects as a joint-snick company,
where no act of parliament was obtained, was ttnnelessary when the
act paned, and, as to the liability, the new scrip would be in itself a
receipt for the 21. 2a a share in each case. The formal motion for
dissolving the company, ens then put from the chair, and upon the
votes being taken by the scrutineers, there was found to be sO repro.
Genteel shares in favour, and 0,415 against it, and their Ming more
than one.half of the whole flambe: of share.; issued represented at
the meeting, the chairman declared the motion loot.
DUNDEE AND AnialrOATU.—Genera] Meeting, Jan. 1.--•
Mr. Thorns in the chair.—The report of the directors -sit forth, that,
notwithsing the reduction of lame, they were enabled to recom-
mend thatta and
half-yearly dividend of three per cent. be declared on the
paid-up capital of the company. They, however, hod seen It necessary
to revert to the original farm, having found that the reduction did not
cane up to their expectation. In reference to the leasing of the line
to the Dundee and Perth company, it states that th • original capital of
the company was 100,000/., afterwankt iterra,.l to the extent of
50,0001., by the Mae of new shares, No. I. Of this latter sum, 23,0001.
was paid on the 15th of May 14114, thus making. up 250,1001. on which
the dividend was payable. A further gum of 4,010/. was paid on the
11th Nov., end the whole amount would be paid on the 11th Nov.,
1848. In order to meet increased expenses, an additional capital of
50,000/. was created by new Mart, tin these 20,00/. bad been paid,
and the whole amount would be by August next. The directors con-
ceived they ought to look to the to as it would be when completed'
and the agreement accordingly provided, that the guaranteed elpideml
should extend over a elm of 2iti,C6ol. 13s. 4d. ; and with a view of de-
rision every reasonable advantage from additional trattletlie agreement
further provided, that heeklet the guaranteed dividend of 3 percent..
cep surplus profits should he divide.' betwixt the two companies.
The guaranteed dividend commences to rem fern the 30th of April
next, and the new stock which it to proposed should be mimed to im-
prove the line at Dundee, would be bawd to the shareholders on pay-
ment of to per con . deposit at the time of aceeptame' on which the
dividend would become itapthle. The chairman comidered that the
azreement was a highly favourable arrangement for this company and
that of the Dundee an i Per h. Ile read a 'Our (corn Sir. Mamie,
M.P. for Paisley. who is a large shareholder in the undertaking, mid
who expressed himself in very satisfectorr terms of the arrangement
entered into by the directors.—Mr. G. Duncan, NI.P., seconded
eerie. of resolutions, moved by the chairman, for declaring the divi-
dend, leasing the line, and the augmenting of the LAMu of the cont.
pony to the extent of 66,6661. 13a. 4th by the ertation of 8 000 one-
third ,lure. of 81. es. 8.1. each. Ile (Mr. Duncan" viewed the arrange-
ment as one of great importance to Dundee. The formation of a
central station in the town, as pr. peed, would render it the great
emporium for the north of ScotLind.--The several resolutions were
unutimomly adopted by the tnieting.—The chairman, in angwer to a
Question from a shareholder, mid it was true that another !arty have
been in communicution with the directors for leasing the line, but
he c old :ester the shareholders that tae ,Car which bad been ac-
cepted was touch better than that which had been declined.
MISCELLANEOUS NEWS.—OitaaT Es-max.—Our
Birmingham correspondent mentions a rumour that the Great
extent Company, with the view to wore a share of the northern
trunk of the country (in addition ho the facilities afforded for this by
the arrangements With the Oxford Junction), have entered into ar-
mngements with the Coventry, Banbury, and Oxford line, which has
a junction with the Oxford aid Rugby, at Soul ham, sad terminates
in the Lanka and North-Nineteen line, at Coventry.