The Express.
London, England, 1851-10-22 00:00:00

LOCAL SHARE MARKETS.

Liss/moot, OCT. 21.—The share market has been
very active today for Midland Stock, but generally
quiet for other things.—Birkenhead, Lancashire, and
Cheshire, 101 d.—Cheater and Holyhead (pref. guar.
51 per cent.), 151—Edinburgh and Glasgow, 24'
—Lancashire and Yorkshire 541, 1,1, I—Liverpool,
Crosby, and Southport, 21 d.-2 London and North West-
ern,i ll4 14—Ditto (New Quarter Shares), 2,1, 1 p.—
Manchester, Sheffield, and Lincolnshire preference
shares), 111—Midland, 481, 9,1, 1,1, 491, ,1, I; 1—
—Ditto (new preference), 1 (I.—South Eastern and over,
181—York and North Midland, 19.
LEZDA, Ocr. 21.—We have had a more bunyant market
this morning than far some days past. Midlands con-
siderably advanced, having been done at 49; Lancashire
and Yorkshire also advanced to 541; East Lancasbires, 144;
North Westerns, 14 dis.

MANCHESTER, Ocr 2L—Prices have improved, and sales
of Midlands, which were made yesterday at 471, were at
48f, 49, and 491 ; Leeds, 541, ; South Eastern, 181. There
was but a limited business.

.....
BIRMINGHAM, ocr. V.—This market showed symptoms
of improvement to-day. Loudon and South Westerns were
done at 81 ; Shrewsbury and Birmingham A's were done at
61 per share ;Wsat 41 ; South Stallurds at 3 dis. In local
stocks—Worcester and Birmingham canals at 34 ; and Bir-
mingham Banking Company shams at 28 !.
BRISTOL, Oct. 21.—We have experienced no improve-
ment in our market, in which the bibiness done has been to
a limited extent. The only material variation in prices was
in Wilts, Somerset and Weymouth shares, which were done
at 91.

DEFOE'S DOUSE, AT STOKE NEWISCTON.—This
house is the one which wee occupied by the late William
Freud, M.A., of the Rock Life-office, and which now be-
longs to his widow. It is on the south side of Church-
street, a little to the cast of Lordship-lane, or road, and has
about four acres of ground attached, bounded on the west
by a narrow footway, once (if not still) called Cutthroat-
land. Or it may be identified thus: take the map of
Stoke Newington in Robinson's history of that place,
London, 1820, See, and look directly below the first " c "
in " Church-street." Among the papers by which the
house is held is the copy of the enrolment of a surrender
to the lord of the manor, dated February, 26, 1740, in
which the house is described as "heretofore in the tenure
or occupation of Daniel Defoe." The history just men-
tioned states that he was living at Newington in 1709.
There appears no reason to suppose that he built the house.
Dr. Price lived for some years in it, as the domestic chap-
' lain of a subsequent owner.—Notes and Queries.
TIM CLEVELAND IRON DISTRICT.—The iron dis-
trict covers an area of several thousand acres, lying between
Ouiabro and Stokesley, in the county of York, and the stone
contains from 30 to 40 per cent. of iron, and the seam, from
12 to 20 feet thick, lying from 1 to 20 feet below the sur-
face, is estimated to produce 40,000 tons per acre. The
supply will therefore be unlimited, and can be raised for
a considerable time at not exceeding 6d. per ton. This
extraordinary iron bed, which has been traced and tested
for fifteen miles, is full of c ilcareous matter, and proba-
bly a sea-shore in the antediluvian world, and is com-
posed of ground shells and mud, and filled with iron by per-
colation of water, taking up iron in solution, which it leaves
behind, and in ages becomes a concrete miss, and in the ore,
when examined through a magnifying glass, particles of
shells are very visible. 50,000 tons have been already smelted
in Northumberland, producing 33 per cent., and a coatract
recently made by the two proprietors to supply an iron work
with 200,000 tons per annum for seven years at 81. 3d. per
ton, delivered at filiddlesbro, which on a low estimate will
yield a profit of 200,0001.,and it is thoroughly understood that
it works remarkably well, being very mild, and waking ca-
pital iron. It is intended to trace the geological course lathe
coal veins in the district, which is expected to be found in
quantity at some depth below the iron, as in other quar-
ters. Way leave is likely to be obtained to construct a
railway from the centre of the ore, at a cost of about
2,5001. per mile, to join the Stockton and ltedcar Railway,
and it is fairly presumed the landed proprietors will wil-
lingly agree to a beneficial arrangement, many having en-
gaged to do so ; but should any difficulty unexpectedly arise,
an act will be applied for, the necessary survey made, and
plans and sections deposited. It is also contemplated to
erect ironworks on the property already secured in connec-
tion with the rail and concentrate the latest improvements,
and thus be enabled to produce iron in quantity at the
lowest possible cost, about Bs. per ton below present rate.
Three furnaces will cost about 3,0001., blast engines about
bo. t
.2,0001. ;
tikocns" of pig. iron per
weecold and by calng the
4,00
and
ore on the spot fully 25 per cant. will be saved on its car
Oiii..l,,yhanhfaudrabltazeatingt
will
, or
risge, and about two tons produce one ton of pig iron.—
Herapoth. BOP-aprgdparitensueetujeapriZ,
IN REFERENCE TO THE MARTIN ESTATES in Gal.
way, their acquisition was strenuously recommended to •
great capitalist, by a party who said the whole could be
had for 40.. an acre in fee simple, or at a price of 500,0001.
The reply was characteristic and instructive—" I can buy
the whole at 20s. an acre, or for 250,0001. ; but who will
guarantee me a maximum poor rate, or ionise against the
whole being swallowed up la feeding sturdy beggars ?"
Limerick Chronicle.