The Express.
London, England, 1846-11-16 00:00:00

RAILWAY NEWS.

The market was dull generally, without any par-
ticular change in the quotations. East Indians showed a
drooping tendency, but the indisposition to active business
on the eve of the settlement, and moreover the last day of
the week, left the quotations nominally the same. In
Shrewsbury and Birmingham, there was some dealing, at a
slight improvement of price. French shares were not sup-
ported so well. The accounts have not come so good from
Paris, and it may be suspected that the show of business
with the apparent improvement on Saturday was not
founded upon any real demand, but calculated for action
rather upon the Paris Bourse, where strong exertions have
been lately making to fortify the market by some of the
large capitalist directors of companies, in view of the heavy
calls which have to be answered, and which, should the de-
predation of share values proceed at the same rate as for some
time past, numbers of the holders may be incapable or
indisposed to make good. Some of the heads of companies
have become involved themselves by the continued depres-
sion of share property. A large operation was undertaken
some three months since, as detailed at the time, for sup-
porting the tjien drooping state of prices, by some half-dozen
directors of leading Paris companies. The modes operandi
was to buy up the shares in the hands of weak holders, and
lodge them in pledge with certain bankers, with whom
arrangements were made for the purpose, as security for
advances to the extent of ten millions of francs. The advance
would be at a given rate per share of course, with the right
reserved to the lenders of carrying the shares se lodged to
market, in case of prices declining to or near the rate, and
realii•ing the values loaned, unless the mortgagors should
retire them on notice, or cover them by the deposit of addi-
tional securities, as the custom in such cases is here. The
too frequent result of such a class of operations did not
fail in the present instance. The shares continued
to descend ; the limit of contract for holding was
reached - the mortgagees could not redeem, because, in ad-
dition, calls for large amounts were banging over the scrip ;
so the mortgagees carried the pledged property to market,
where, as always occurs, it was sacrificed at any price that
could be obtained. All railway values naturally felt the
shock of such extensive transactions. There has been a
slight reaction since, only to be succeeded by a correspond-

ing depression. The calls in progress and impendi: have
the effect of deterriag speculators from ;:ireLasing, whilst
driving
timew weak
to khnoledsetrasetoptesantb.le terms. From the
present
pwards of two hundred
millions of frnmss. :7C to ise called up for existing railway
lines altne in France, that is above eight millions sterling.
The most important of these payments are : ter the Pans
and Lyons line, 30 millions of francs next month,
and 20 millions in June ; Paris and Strasburg, 124
millions in March ; Paris to the Belgian frontier
(the Great Northern), 311. millions in January, and 20 mil-
lions in July. The gross amount for so great and wealthy a
country could not be a cause of difficulty in ordinary times,
but mining and industrial enterprises and companies have
also been absorbing at the same time a vast amount of
national joint stock capital. In the meantime manufactures
are in a state of suffering; agriculture is disorganised by
unfavourable harvests ; scarcity afflicts the land, and the
means of the people are engaged in the purchase of neces-
sary food at high if not fsmine prices; whilst the onerous
burdens of taxation remain unlightened, and a government
expenditure is prodigally carried on at the rate of some
fifteen or twenty millions sterling a year, ever in increase,
beyond that budget of 1830 which was one main cause of a
revolution that coat a throne.
There was but a limited amount of business done at Liver.
pool. Late " Liverpool and Ormskirks " closed easier,
41 pm. Huddersfield and Manchester, 51 pm. Thinks im-
proved to 11 to 11 die. Dudley" and Birmingham and
Oxford were better than on Saturday. Wharfdales have im-
proved to par.
The Manchester sharemarket was quiet and steady. A
fair business was done, and higher prices paid is Leeds and
Dewsbury, Liverpool and Ormskirks (d 4), and some other
stocks.
A great deal of business was transacted at Birming-
ham, and the market was more animated than for many
months past. In the whole of the lines connected with the
district prices were going up considerably. Stour Valleys
commenced at 3 p., and closed at 4 p. ; the latest sales ;n
Shrewsbury and Birmingham' were at 14 pm., but an hour
after the Exchange had closed, there were no sellers at 11
pm. North Staffords were done at 31 pm., Trent Valley
Midlands Registered at 1 pm., Birmingham and Oxford Junc-
tion at 61 pm., and Birmingham, Wolverhampton, and
Dudley at 6 pm. Shropshire Unions were done at Bs. 9d. dui.,
and Shrewsbuty,Wolverhamp!on and South Staffordshire at
lls. 3d., and ultimately at Bs. 9d. dia.
At Leeds, the sharemarket was not so active as on Friday,
but nearly all the transactions which took place were at
improved prices. East Lancashire advanced from 41 to 6 pm.
Leeds and Thinks from 2/. dis. to 5/. dis. East Laneashires,
No. 2, (late Liverpool and Ormskirks) from 51 to 61 pm.
New Thinks from 17s. 6d. dis. to par, and Birmingham and
Oxfords from 51. 4s. to 51. Huddersfield and Manchester
were firm at 6 pm., whilst Leeds and Dewsbury closed at
151 per share.
The Hull market of Friday exhibited no particular feature.
Prices remained nearly unaltered and about the same air.ount
of business was done as on Thursday.
The Bristol market was flat, but as regarded prices pretty
firm. The prices of provisions and of articles of genera
consumption are evidently giving way in the West of
England, and as it is believed the t this will have a tendency
to counteract the tightness of the money market, holders
especially of the better kinds of stock and scrip seem disin-
clined to submit to lower rates. Bristol and Exeter Thirds,
91, 91 ; Bristol and Exeter whole shares, 81 ; Great Western
Quarter shares, 191 ; Great Western New, 71 ; Manchester
and Leeds, 105 ; North Staffords, 51; Taff Vale New,
prem. ; Wilts, Somerset, and Weymouth, 64, 54 dis.

RAILWAY SHARE LISTS.-LONDON. Nov. 14.
Niers-The quotation of lines in Boman characters denote actual
tranaactions : thuec of lines in /testier sellers' prices.
rani rani.
20 , dberdeen 2l lid. 2 Mane., Leeds 4she:pv*l34 4p.
21.,Ambertrate 2) 1 3 1)0. Fifths. 411
42v Birmiugh. & Dudley lp. id Po. aistosoths 111 Sp.
100 Birntinah. 4 Gloster. 128 130 42s Do. Extension 1 p.
174 Do. New (iss. 74d.) 30 32 40 alanchemer & Birm i 7
2 Binn. & Oxford Junc. 81 4 5 Do. 1 snare.A. 112 1 i
75 Unsaid and Exeter ... I 3 Do. Do. It 124
5 LM. New 4 44p. I 1)0. Do. C 6
30 Bristol & Closter 3O 42s Manch., Bus., & Mat..lp.
bis Buckinghamshire ld. 2 Manch. & Southamp.lll 4
2S Caledonian 2l 10e Midland 1324 3
21 Do. 4 shares 24 1 24 Do. New 34
274 Chester 4 Holyhead. 4 3d. 100 Do. Biras.4Derlsy 104 108
1 Churnet and Blythe.. 2 20 Newcastle & Berwick 3314 i 3
& Cornwall 4 4d. 23 Do. North Shields.
24 Direct Northern l4 1 5 Newm. andChestd.... 54 e. a.
124 Dublin & Belfast Jne 4 25 North British 371.4471
I.llll.lnaern Counties 2.4.4 41 14 Do.. 44,,,,,,, 164 4
12 Do. New 71p. S Do. Fifths
6 Do. P.Spert'. No. 1 4 4p. II Do. 1 shares... 3l 4 7
61 Do. Do. 2'3 ilf. 100 Norfolk l3a V
2 Do. Yrk. Extension al 4 7 Do. 4 shares 24 31
14 East Lancashire
5 Do. New 44 91P. 45 Do.Serip(iss.Sdis.) 24 21
If Fast Lincolnshire ll 4 124 Do. 4 shares. 161
35 Easters I neon...
50 EJinburgh&Glasgon 73 73 42s North statfordebite 3 i
10 Do. 4 sharea. 2Ol 31 North Wales
124 Do. 4 shares l4l 124 Oaf., Wester., &We& ) I
111, /Minh. and Northern 2 3p. 31 Portsmouth Dierot..• I '
121 Ely & Iluntingthm q.24 25 Premien sad Wyss....5
' Icor., Darchl2l lid. 44 Do. 4 alarm j
50 'Exeter,Glass, ow, Eilos.st .4yr o 8 72 top Sheffield 4 Minch.-
274'Gt. .So. 4 West. (Ire) )1 2p. g Do. Lineoln. Ju
too'Gr. North of England 236 238 424 Scottish Central
5 Do. New.
15 Do. New 53 3 Shrewsbury & Birm..
14 Do. New lB4 191 42,. rthropshire Union....
55 Great Western l3B Ii ay Sarah Deem*
50 Do. Ishares 28 29p. 354 • Eastern and
10 Do. shares 9 9.11. 20 Do.N.(
4..32r.),v0.1.
to Do. ',Pa II Up. 12 D0.N.(331.W.8d.)2
2 Do. New 7 is Do. N. (do. 301.) 3,
13 Huddersfield, Mem& 5 Op. 2i Do. N. (do. 151.) 41
3 Do. Enemies 14 11p. 5 South Wales I
SO null and Selby 1081 II Water ord 4 Kahn..
35 Do. ishares 23 29p. 421' West Riding Union .
124 Do. 4 shores ll 12p. IS , 'ilta,voin., Se Weymt
414 /pm, a Bur_pSl. par. Ip. 2: rork and Carlisle ..
14 Do. Do. Norwich_
__ ~• Id. Par. Is York and Newcastle..,
SO Lancaster . Carlisle. 18 Sop. 3 no. New
5 Do. New 6p. 50 York and North Mid.
10 Leeds and Bradford 5 23 Do. 4 shores
174 Leeds and Think 151754 40 Do. Selby
22, Leeds, Dews., Manch. 40 20 Do. P.xtension
lb Leicester 4 Bedford.. 1 4d. 6 Do. E.&W. Itidir.Ex
22ii Lein's,* Btrtninghans FOREIGN iCA I LWATR.
24 Liv. Man. &N. June. 2 16 Boulogne and Am
UV London & Blackwell.. 84 2 BordToul. CetteCnak
3 Do. New l4 2p. 4 Deadre Volley.. -..
50 Lond. Brighton, &Co 59 4 5r Direct Botab.4.llad
to IM. Do. Fifths 74 81p. 6 Dutch Ithenish........ 34
g Do. Do.Gunra. Sp. f 11p. 3, Fast Indian
9
124 London # Greenwich 94 5o Gt. Southn.of Modem. I
too London &N. Western 1974 64 Bi'Great West. Bengal
2 Do. 4 «hares 231 5 Gt. Nor. France Was 101 1
2 Do. New shares.- 151 i 6 /amrain ala So' se 44 4d.
2 Do. Fifth". l9l 4 4 Luxembourg 1 i
124 Do. Eighths t ~., 4 MaJcers,Sel..6 .4
5 Do. N. 1 sh. 4 '"' 8 Namur and Lieye 14 11d.
8 Do. 40/. :h., L. 6 M. to Orleans and Vier--on 213 p.
114 London &S. Weatem 664 f 5 ; 6 Orleans & [Melo:tux. ii 1
10 Do. New Cons. Wu I" 14. 5 rariftsc Lyons, Coast. S
221 Do. New 3O 20 Paris and Orleans... 47 48
18 Do. New 31 Op. 20 Paris and Rouen. .... 33 Z 6
24 London & York .. .. 2 4 5 Paris & Straab. Cons. 34
21 Lon., Saha..
. & Yeovil II 4 20 !Innen and Harre..... 4
-8 27
13 Lynn and Fly 164 10 Sombre and /dense ... 54
13 Lynn and Dereharn
82 Manchester, Leeds._ 104 5 Tours#NosttesConsi 1 Id.
38 Do. 4 shares 9 lop. 6 West l'hisalers
L vaaroui, Nov. 14.-6 den : - Edinburgh and Glasgow (l
share), 104 p.-Donlon, North Western, 196 81.-Do. (new 1
alt.), 131 p.-Manchester, Birmingham (4 a& 15), 74 p.-North
British (ex. int.) 38.-Do. (4 oh.), 211 p.-Do. (new eh.), 23's. 9d. 14
p.-N. Union (A), 221. - S. Esstern (new No. 4), 110. 3d. p.-
York, Newcastle (pref. oh.), 41 p.-York, Selby (prof. sh.), 9i P.-
E.Laneehite, (No. 1, new oh.), S s.-Do. (No. 2, late Orin. and
P.), al.-Huddersfield C. and R. 13 pd.), 54 11 4 p.-Do. (eaten.
oh.), 14 4 p.-Leeds, Dewsbury, 16 1 4 p.-Do. (eaten. Green),
14 p.-laecia, Thin*, 11 4 1 d.-Do. (new eh.), 41 d.-Liverpool,
Bury, 31 p.-Do. (new eh.), 1 p.-N. Wain' Mineral (4 elf.), 1•4 p.-
oxford, Worcester, Wolverhampton, S d.-Ambergate 1 p.-Birken-
head, Lancashire, Cheshire Jo., 14 4 p.-Ilinningbani, Dudley, 61 p.
-Birmingham, Oxford Jn., 61 1 p.-Buckinghamshire 4 d.-Glas-
gem, Dumfries, ;d.- Midland Great Western, Ex Cal., 21d-Newey,
Warrenpoint, 4 p.-N. Staffurelehire, 334 p.-N. W'e'stern, 1 Its, 3d.
p.-Shrewsbury, Ilereford. 4 d.-Shrewsbury, Birmingham (A), I
Trent Valley, Midl. Gel. in.,
l p.-Wharldale (late N. Eastern),
Ld., par.-W. Riding l'n., 38s. 9d. 2 p.-Demerara, 4 p.-Dutchniah, 4 d.-Fast India Os. 9,1. 4p.
PAsts, Nov. 14.-Paris and Orleans, 1228 75; Paris and Rouen,
887 50 ; Strasburg and Rile, 220 ; Amiens and Boulogne, 445 ; Bor-
deaux, 845; North, 642 50 ' • Paris and atinabury, 477 50; Paris
and Lyons, 561 25 ; Dieppe and Fecamp. 353 75.
VIU.NNA, Nev. 6.-Northern, 1631; Cloggnits, 122; Venice Milan,
1051 ; Leghorn, 914 ; Pesch, 851 ; Sienna, ;51.
PROVINCIAL.-Wouxs IN THE VICINITY OF II'UD-
DREArno.G.-The various lines of railway in mamma in this neigh-
bourhood are piegreadng rapidly, although, in consequence of some
of the works bring of such vast magnitude, a considerable time will
yet Maroc before any of the lines will be opened for regular traffic.
The viaduct at Lockwood. on the Iluildendield and Sheffield line, will
be 143 feet above the level of the Moline, and about one-third of a
mile long. The whole of the foundations of the piers, however, are
not yet laid, although atone end the workmen are proceeding so high
as the second tier of scaffolding. The viaduct at Huddersfield, on the
Iludderefield and Manchester line, has now fame ten or twelve arches
turned, and the centres struck. Should the winter remain pretty
open, it is probable that this line sill be completed by May next.
According to the Leeds Iferenry, the amount awarded by the jury
adjudicating nn the value of the land occupied by the Manchester and
Leeds Railway Company, on the itanoden estates, la 37,700,. to the
trustees of Sir J. W. Itimaden, Bart. (a minor), and 3,000/. to Mrs.
Ramrden, for land occupied on the Newtown estates. The railway
traverses about tour miles over the Remade n property, and will run
under one side of the town of Huddersfield, by means of a tunnel, in
the construction of which a great many houses surd warehouses have
already been removed.
BIRMINGHAM ANT) OXFORD JUNCTION AND DUDLEY.
-Meetings of the Shareholder,. in these two companies are to take
place anon early day In [Seemlier. for the purpose of obtaining the
proprietors' consent to the sale to the Great Western Company.

121
.1;111

.940
. -i4
181 I::
I
• Si 4
.73d.
. 2p.
t f
i i
. 3
.1944
.1° 11l

21i224p
21f

itl4l i

COMMERCIAL ANT) MARKETS.
COTTOSI.-I.thrkroot, Nov. 14.—The sinew to-day were 7,000 bale',
2,000 on speculation. The prices to-day were—New Orleans, 41d. to
9d.; bowed Georgia, 50. to Old.; Surat, 31d. to 41d.
lire' inwrrit. Nov. 14.—We have had another very quiet market
here to-day. The demand for cloth is very limited : prima are slightly
in favour of the buyer. Yarns arc very dull and heavy; in many
numbers prices are certainly lower. The working of short time in
thin and other districts Is extending.
Naw Yong, Ocr. 31.—The movements in thin staple in this country
up to the Owed dates, this season, compared with the preview two,
have been as annexed. Bales.
Receipts at porta of U. 8 since Sept. 1, 1816 lOl 752
„ „ same period last year
year before
ExpO'rts from„ U. S. since Sept. 1, 1846
name period last year
vein before ll6 457
The receipt. at thf; port since the let inst bare been 10,000 bales.
Exports for same period, 8,100. Taken by %sinners, 8,000. Taken on
speculation, 20,000. Stock in city, 33,000. Amount on rale 7,000.
The current quotidows in this Market at the close were as annexed.
710 N. New Orleans.
Florida. Moh. &Texas.

Uplands.

Inferior
Onlimey Bl to 81 8/ to 8/ 8, to 91
Middling 1
to
to 11 9to 91 oto 10
Good Middling .
Middling Fair. .....
Fair .. ... . ........ ...„ ln to 1 10 to 101 10 toll
Fully Fair ..... -....-.„ lO to 1 10 to 10/ 11 to 1 1
Good Fair
Fine maw. none. 12$ to 14
Erecter from the areabr et the New Orleans thesseereiel Time,.
--,, With regard to the premeds al the crop, the suhjeet is still In-
volved Is sawn uncertainty. Theism of smother fortnight—although
accoitipealed by remarkably fine weather—does not offer develop.
Meld* of a more farmuuble charade', or justify us in anticipating a

More ample return fur thC labours of the plant,
pleasant and dry weattOt has been to hasten the ilk,
crop. and enable p.art:3x in the lower section of the
compllith nearly tha whole of their picking, or that by
portion of the crop of this State and of Southern II
been trensferted from the cotton both to the gin hose
milt of the yield in Louisiana we may roundly say that
disastrous, and is estimated by thew whose opinions
great weight u not to emceed arta-third of lam ue
Our own Impression leash to the belief that
the la not exaggerated. In Mileneippi, Up to
two and a-half, the mop proses to be unquestionably oh
hatillity not more than one-balf of a fair 4Vcrage.
Code to ItississipA the yield is estimated at shout tore
usual crop. Arkesms, Tennessee. and North Male
little exposed to the destreetive internees which ha,
expectatioos of the planter farther south, and as a
these States the growth Is Wined to equal that of last
tad to mention that the crop of Texas baa beret n
destroyed, and I. next to a total failure. The curt
appears to be, that the total yield will not exceed fre
1,900,00 U Mien Them are the views of men of exy
calm observers.

Nov. H. - The Woollen Tr,
hiding of Yorkshire till continue. eery Rat. There
few buyers of finished goods in the market during the
there was, In consequence, but a thin attendance of a
Cloth halls here this morning. The chief alio, were
adapted to the approaching smarm, but there wo
&monolog business done. Prizes continue firm, an
digmaltion on the part of the cloothiers to quit their
rates, as the woolataplers manifest no inclination t
pices.
lIARDWARE.—BINYTNORAII, Nov. 111.—There I
worth notice in the state of trade here since our Lot
of the leading branches the houses :re tolerably
order., the demand for the home market being ra
Cr. arse.

MEAT.—NOWOATIt AND LIRADDNMAT.L.—Each lasd
moved off firmly, at full prices. Othenrise, the dd
meana active. Beef, from 2s. gd. to •.o. Bd.; Mug
4.. Bd.; Veal, Be. 104. to 4s. bd. ; and Pork, 30. gd
Bibs., by the were.
but a fun averages
oftl•r, and which sold sttodily at full pri-es.
BREAD.—The highest price in the metropolis k
prise ild. fur the 41b. loaf.