The Express.
London, England, 1848-02-02 00:00:00

THE EXPRESS WEDNESDAY EVENING, FEBRUARY 2, 1848.

imprieoement and W. Edgar, who had behaved so cowardl
as to y
strike and kick the officer while he was engaged with
the former prisoner, to pity the penalty of 4ffi or one
month's imprisonment
fdARLBOHOUGH-STREET.—Rawannevo Fialteiw.
—Mr. Bingham gave his decision on aa adjourned case, in
which the firemen who attended at a fire In Oxford.street a
few days siace objected to the award made to them
by the parish authorities of St. George's, Hanover-
square, on the ground of insufficiency. Mr. Bing.
ham said he adjourned the ease last week not be-
cause he had doubts about the law, but because it had
been urged that there were decisions contrary to the Impres-
sion he entertained. As it was desirable there should be
uniformity in magisterial decisions he had made inquiry
into these alleged decisions, and on obtaining an interview
with the magistrates referred to he had ascertained that
their views of the law were in unison with his own, and that
they, with himself, had never entertained any doubt about
the proper coustruction of the act. That construction was,
that a magistrate hail no original jurisdiction, but was
merely. ministerial, and had no discretion to enlarge
or diminish a reward fixed by the parish authorities.
He had had considerable experience in fire cases sines he
had been a magistrate. and looking at the circumstances et
the ease he was bound to express hi• opinion that the pariah
officers had given a very proper reward. In cues were fire-
men were called from their beds at night, when they had
hard work * extinguish a fire, and did sets of considerable
• , they were then entitled to the full reward ; but they
ought to have a less remuneration when they were celled le
a fire in the day time, and where they had nothing to doom
in the case now under consideration. The churchwardens had
exercised a sound discretion in giving a medium reward, and
they/are the ease must be dismissed.
LAIILBSTB.—ArrACI. oM Ti naTria2
nanied Copping, Smith, Smolder, Darby, DiMlgi, ,
wars finally examined, charged with assaulting
=ice. Oa the evening of Saturday, the 16th of October
WI. the three fint-named prisoncrs entered the Beehive I
hemisosse, at Woodside, near Croydon, and induced tho
landlord to let them have six pots of beer on the coat of one
of them, and on his refusing to give them more they inof
-
deed on having the coat back, and in feet took possession
the house altogether. When they were gone a piece
wits
of
ham, weighing about gibe., was missed, and one of them
noticed to have something bulky under his arm when leav-
ing the hoops. They were followed by a waiter, who seeing
them enter the Woodman public-house, Upper Norwood,
brought a constable to give them into custody.
bateTh soon
con-
stable, Fudge, 124 P, took Copping into custody,as
as he got him outside the door his prisoner made a furious
attack upon him. The other prisoners came to his usistance,
and a second constable, 108 P, coming up at the monseat, a
desperate renoontre took place between the two officerhavi ns and
the prisoners. The former being over-matched, and
besides to deal with powerful ruffians, got desperately mal-
treated, particularly Fudge, who was so seriously injured
that ho has been confined to his lodging, up to the present
time, and it is very doubtful indeed whether he will ever be
able to resume his duty as a constable.—All the prisoners
were committed for trial for the assault on the officers. and
Copping, &slit/tend Scudder were further committed for the
felony in stea"ing the ham.
HAMMERSMlTH.—Aucenstrwrs or SHOPYIN.-0.
Corby, J. Jones, and F. Jones, described as " shopenen,"
were charged with having been drunk and wilfully da-
maging the liningof a hackney cab, and bthe drireakinyver of the
a window,
the property of W. Powell.—lit. Worry,
cab, said that on the previous night he took the three de-
fendants to Kensington. On the way the defendants broke
one of the windows, and en the driver remonstrating with
them they promised to pay. each a shilltng fur the damage.
On reaching their destination, the driver found that one or
other of the defendants had on the way amused himself by-
cutting the cloth lining of the cab into ribbons. A police
men was called, end the defendants, who were drunk, were
taken to the station house.--Mr. Beedon said, for the da-
mage they had done and the loss of the
3s eahmaii's time, he
should order the defendants each to pay lf. 1. 641., with
is. 6d. coats, or, in default, two menthe' imprisonment.—The
iefendants paid the amount.

MONEY MARKET.
TUESDAY RIMMING.
There can no longer be a doubt that the leading
cause of the day by day depression of public securi-
ties is, and has been, the persevering sales of the
public, in amounts, separately, not large, but in the
aggregate, of consideration. These sales carry the
more weight because they do not partake of the spe-
culative nature of time barvains, in which, probably,
no stock may pass after all betwixt buyer and seller,
but consist of real money stock brought to market.
It is probable that the tellers in num), cases may have
been induced to sell out of stock with a view, and
favourable opportunities, of employing the proceeds
more advi.ntageously in other securities, such as rail-
ways, or in special business pursuits, but, generally,
it may be assumed that the considerable profits to be
realised upon the prices of purchase have been the
chief temptation. Buyers at 85, if not under, may
be reasonably supposed to be satisfied with a clear
gain of 4 or 5 per cent upon their operations, more
especially in the face of forthcoming budgets,
and treasury combinations, with political accidents in
aid, which seem to threaten, if they may not actually
lead to, a disturbance of prices is a more down-
ward direction still. The first quotations of Consols
this morning were 89: to ; money, and 89; to I for
time; but these rates shortly gave way, and busi-
ness was done for money as low as 884, and for time
at 89. Eventually the quotations recovered to 891
money, and 89; time. Reduced Threes, 89; to 7, ;
Three-and-a-Quarter per Cents., 901- to 1. Long
Annuities, 9to 1-16. Exchequer Bills, 365. to 395.
premium. India Bonds, 245. to 275. premium. Bank
Stock, 200 to 202.
Foreign securities maintained their prices with
tolerable firmness and a moderate share of business.
Brazilian were done at 85; and may be called 83; to
54. Chllian, 90; to 21. Mexican, 18 to J. Peru-
vian, 39 to 41. Spanish Fives, 211 to I ; the Threes,
31; to / ; remove, 44 to 5} Portuguese, 26 to 7.
Russian, 109 to 110. Venezuela, 39 to 40. Dutc
Two-and-a-Half per Cents., 54 to 4; the Fours, 85;h
to t.
Foreign exchange was, upon the whole, a shade
lower to-day, with transactions on a very limited
scale only. There was no want of money; the diffi-
culties were in the rates, the buyers wanting more
foreign money for the pound. Bills on Paris were
scam, and in demand. The negotiations were, on
Amsterdam, 12.4 to 5; on Rotterdam, 12.4; ; on
Antwerp, 25.95 to 26; on Hamburg, 13.14; too ;
on Frankfort, 1221 to 123 ;on Paris, 25.80 to ;
on Vienna, 10.17 to 18 ; on Leghorn 31.5 to 15 ;
on Naples, 39 ;. on Madrid, 46 to i—all at 3 months.
On Lisbon, at 60 days, 51!.
The Hamburg mail brings exchange on London
13.9 at 3 months, on the 28th ult. Bills and paper
scarce on all places, and exchange better. Money
continued abundant at 3 to 2; per cent. discount.
From Havannah on the 27th I)ec. it is stated that
exchange was dull, the rate on London 16 per cent.
prem. ; on Paris 2 per cent. prem.
It is stated from Brussels that M. Lagrelle, the
banker of that city, who found it necessary to suspend
some time since, and had time allowed him, had been
enabled to make a first dividend, the rate not stated,
which had replaced in circulation an important sum
of money. Meters. Bertrand brothers, bankers at
Ghent, had already divided 50 per cent. among their
creditors, sad were preparing to make another dis-
tribution of 25 per cent.
Our Dublin correspondent says, writing under date
Jan. 31 (Monday)-- , The Bank of Ireland, it is ex-
pected, will reduce its rate of discount to-morrow to 4
per cent- Thecommercial correspondentof the Freeman
thus speculates on the result: The reduction will be
more immediately felt here than in England, since,
notwithstanding the depressed state of trade here,
there has not been the succession of failures and utter
want of confidence which still have their effect in
limiting discounts on the other side. Here the relief
will be sensible and immediate.' An order has been
received by the custom-house authorities of Dublin,
for a number of returns relating to sugar. They are to
be forwarded as quickly as possible."
lINGLIIIII I.lslrms.
Dank emdc. 914 MO 1 India Bonds, tinder £1.000.0& Dm.
Meg: at. =CM % 9 tomoihmTer 911.,.... 9ki It_ io*
sfe: * !arca usetsc} * I t_. Nub. mile. Jame. rs.. ra a 9 vie.
brttr• "i* "6 "L. ""''' at: amyl. lerplm
Dim, 39 imes. 10th Oct, ISM 86
TOSCION FUNDS
5 riz,C:.:=aAßMdll"TsSto . ir, 8: it
5 rt. 45116.9 lc
lima%
Thy'
Ditto, Lek. 14,11
6 tun Ct. Mama .SdN 911 _ Dttto Nave .61
6 Vglestejr' Nr._,lng 1 3VC *Mill wait. Ai
Itoth..
4 got CI. PitiGio m 00... 90 *per Ma ,se ni
4 ese cs. Pomo. 8d... de. 21' DIGo, 11
6 Dar 0,.. Swim Bei.. Ifili. Ale 19.01.0419111 134@e11-M1 11
der., MG 9 4 pm OS. ado 696 9 i
Vim*, Jar. 91.—rtm pat Nutt, 1011 t row kir GING, as;
Mute Dor ~ 63: Two4Gl-6•11alt Dor Onto.. IA; L 005.1634.194;
Dm., iso. ;WA Mom US
imam. 41.. SL—lsai of la% 181 • PPM, MI. 96E• Ditto
41:1 giliviriagariztrwid,.....49o; b--,
Hills ids.. Three•anclik•Edipir amts.. 911
9li. cm immem. 6 mosilm. 6 AI ; Pm% NW. eat; De la.
Musts.
ilu
Jim. 111.-1901619 m Dm por . ; Bea liikres.
ei‘e'4W74' IS; :ble ',lir': ' 7"61-9
331 k,. ~...4ti.
...41t.:bt.,,...: , az. 1.4
g • ........,,,rk.. ..t,.........
.2e. ism. SO. Wm m0d169,70•7 • II:
16. Ille ---
CaLcurra, Dse. 21.—A11/16 continued to pe
massmity, sad the aiming mail au laud Otis
....di if sot muse saxtety than its predecessors. Busitsm

was at a complete stead-still ; mistrust condoning unabated.
The affairs of the principal iirms remained under the Winn-
tion of trustees, but then, of two—Meurs. Cocker,ll and Co.
and Messrs. Ibighesdon Brothers had been put into the
Insolvent Court. Circumstances connected with tke failure
of the latter house have been the cause of angry controversy
between the large body of creditors and the repreeentative
of Messrs. Henderson. The creditors resolved, there
fore, to seek the protection of the Insolvent Court.
In consequence of rumours prevalent in town, that
the funds of estates in that court had been pe
Tilled by unsafe investments made at the dioretion of the
common assignee, application was made by the creditors to
set aside the usual preatice, and that the court should appoint
two assignees of their own choosing. This was refused, on
the ground that the court would not reverie its practice un-
less just cause were shown why it should do so; if the cre-
ditors had proofs that the officer objected to was an impro-
per person to be entrusted with the affairs of the estate, the
court would be willing to hear them, and decide accordingly.
One of the creditors accordingly proposed to elicit disclo-
sures by formal proceedings bearing directly en this point.
A similar epplication, on the part of the creditors of
Messrs. Cockerell and Co. was refused on similar grounds.
The liabilities of Messrs. Lake Hammill and Co. were
stated, at a meeting of creditors, at 9,08,263 co.'s rs. ; assets,
co.'s rs., 10,16,934. It was decided that three trustees
should be appointed, and that the estate should be wound up
under their inspection. At a meeting of Messrs. Colville,
Gilmore, and Co.'s creditors, a statement ottheir affairs was
made, exhibiting liabilities to the amount of 38,63,300 co.'s
rs., to be met by assets to the amount of 46,82,000 co.'s re.
The liabilities of Messrs. Lyall, Matheson, and Co. are
24,74,667 re., to be met by 12,66.110 re. The statement of
the liabilities of Mean. Cockerel' and Co. show • total of
1,25,72,011 rs. Assets, 1,20,46,198 re—showing an excise
of 4,74,187 re. of:assets over liabilities. In the abstract state-
ment of the affairs of Hughesdon, Brothers, and Co., the
liabilities were stated at 11,09,995 co.'s Ti. Agists,
10,94,981 co.'s ra. A meeting of creditors of the firm of
Spearman, Mullen', and Co. took place on the 18th of Dee.,
when the liabilities and assets were stated as follows :—Lia-
bilities, 8,62,182 c 0.71 Asses, 9,92,026 co.'s n.
A meeting of the Union Bank took place on the 18th Dec.
The secretary read the report of the directors, which stated
that*e failures of Messrs. Cockerell and Co., Colville, Gil-
more and Co., and Lyall, Matheson, and Co., entailed severe
lows on the bank, the probable extent of which way be
Inroad from the following statements, which the failures of
these houses enable the directors to lay before the meting
without any violation of basking propriety :
announs.

10 7

tlss :
ledW 4310 awls. at 130 as. 04,000
Prints OM dirt.
Los bed
1,N,306
60 Bengal lodlgs Caspasy's
Awes sepresostbig
Indigo factories, represtoUng
---- 17,28,300 0 0
Cc6mu.s, Gnaws; AIM
('°
M 27,11,03,5 4

IA .Mlitlw
Sonorities:
Tonle% lI,GSO rods., a ISO re. Re. 11,04,300
Indigo Factoriee, representing
Boreal Coal One-
pany'ssbares, at. ..BL 910 22,800
Private bills dLect.... ~ 2,52,317 12
Loo bed
2,20,00 D
30,22,000 0 0

LTALL., PILATRWOOI4. AND CO.
as.
won
12 9
- -

Securities :
Indigo Factories representing
Cent. Mlle die-
21,000
counted
Leas bad „ 6,000
„ 15,000
69,000 0 0
The failures of London houses would bring back upon
the bank returned bills to the extent of 181 lam of rupees,
of which four and a half lan arc understood to be secured.
A considerable addition would he made to the debts of the
fallen houses at Calcutta, by account of claims in respect of
these returned bills. The misappropriation of bank post bills
sent to Messrs Coekerell, Larpent, and Co., had obliged the
bank to provide for a payment of 41 bits, of rupees which
the cold not otherwise have been called on to make.
The directors have no doubt that at the usual half-yearly
meeting in the next month they will be enabled to lay be-
fore the shareholders a full and clear statement en all the
above matters, and they take this opportunity of publish-
ing their confident belief that such statement will show the
solvency of the bank. and calm the apprehensions Si Ilhe
shareholders and the public on that subject.—lt was
resolved that the report of the directors be received
adopted as being as satisfactory as, under the draws-
stances' and considering the shortness of the notice, it WAS
reasonable to expect.
Consternation ham pervaded the market, and distrust sod
caution continued to prevail, almost to the suspension of all
monetary operations; the bank, however, had shown a more
liberal disposition but transactions under existing Mecum-
enacts were necessarily difficult ; the value of government
paper continued to fall. The following shows market value
of bullion and foreign coin, and the rates of banking trona-
actions ; the latter are without alteration front the quota-
tions in our last issue : Dollars, 219 0 to 220 12 co.'s ro. per
100 ; sovereigns, 11 1 to 112 each ; gold mohurs : old, 21 6
to 217 each ; new, 19 5 to 19 6 each ; five frame pines 1
(silver), 2 0 to 2 1 each ; Bank of Eagland notes, 10 Bto
11 0 per £. ; Geld : China bars, 15 6 to 17 12 p.
104 sa. wt. ;
Straits dust, 13 Btol6 0 ; silver (Sycee), 104 oto 12 p.
100 tolah.
Exchanse ruled at Is. 101 d. to la. lid. per rupee for bills at 6
months' sight with shipping documents, and same of Baring's credits
have been diapered of at Is. 101,1. to le Ild. per rupee; but Bank
bills sod treasary drafts are most In request. The following are quo-
tationa ..—Treasury bills, at 30 days' sight, according to amount, to
Is. Sid. to Is. 91d. per 00. rapes.—Navy Mlle at 3 dep.
sight, at le. 8(d. to la. 9d. per eo. rupee—Bank ditto at
SO and 60 days' sight, at 10. 81d. to Is. 91d. per on.
rupee.—Union Bank bills, st 3 days to 6 months' sig 6 ht, at Is.
std. to ts. 91.1. per co. rupees.—Agra Bank Me, at eight to meths'
sight, for sums riot under VIOL to above SCOL,
totea.ll4 to Is. 91d.
per 00. ropeer—Oriental Bank ditto, at sight months' sight, it
It. 3ido to Is. 91d. per op. ru3ees.—Prieete drafts swathe shipments,
at 6 months' sight, at Is. 10 day;s. Ild. per co. rupee—Agency on
London oar cepondenta, at to 6 months' sight, according to
amount, at I a. 9d. to le 10d. per co. rupee.—Agency drafts for remit-
tances, at 6 months' eight, according to the report at the Chamber of
Comma roe in thepar week, have everagrd Pir oa• rune,-
-Govenunent advances on shipments to Londoa and Liverpool, on
bills at 10 months' date, me still at U. per to. rupee.
Bowesr, Dec. 31.—Exceation.—Local Bank paper was
te he War Is. 101 d., afterwards it fall to Is. 101 d., and has receded to
Is. loth to la. 101,1. as months', erg le. 91d. three months' eight;
whilst Baring' and other approved twarcantile paper has been selling
at [rum Is. 101 d. to Is. 101 d. per roles for six months' eight. On
China the rate ta n 210 pet lee GO days', end cm Calcutta
rs 901 SO days' sight.
Panes or Beuros.—BovarsilM seek Drs.: sense. Dragons
each, Iles. : anew Balk el Wind Notes, per C, Ilre : 4 annas.
Spanish &Sias, per 100, Mew. German Crowns, per 100, 216 re.
Spec adver,per 100 treintellea. Osielset,par Seth (range of quality).l
at Ines.

. Ra. 74,000

RAILWAY NEWS.
Our share market was extremely goody esterday,
and better prices were realised on various lines, such
as Blackwall, York, Newcastle and Berwick, So.
SHARE LlST.—LoatvoN FEB. 1.
Nara—The quotaLlona of Una in Boman Characters deanto entail
trantinalons; thane of lines In indict Wien' pion.
Irmo.
Lon.EN.Wo.L. New.l7l
I 1 Du Ai Ms 19 100.
10 D0:491..h...iaiii60
ft:131.1"fil%:1 10.
_Melic 3 41,
14 boodonll3.Waxt.Aro..
I Do. Cons. 6'4lhthei43
4 Do. Nen. 10i. —.184
Do. Nee, 401.
Do. Co.w Moths. .14 Id.
d.
Do. do. Tenths.... 4 2d.
Do. Thirds . 10 Oi&
Lon.,Saittb.& uta.
Man. Mat. & Mot.ln
1.4D1A...*50w4A50rp.11.116.

iiiii.l-47 - - -:
Do. 40J....hiiii.. . 46113611611
Do.lol. lone . l4
Do. Rim. & 281 90
1 Do.C.lirt.&llr. 1116 122
Do. Drut.&O
lit k1.Gt.Wee.11,686)
1 Nearaock & Cariirk
, Newmarket
North MUM% ril
D°.. •
D. Thirds .. .''' ..•
12,
Norlak 60 93
Do. tr,. op. .
Do.Guartd. ko Ct l4
Do. lit. 6p. Coolfi.2 14.
D0.&1647160 / 'Nor bd. Phr
N. Counties Choke
Nora thslotd••• . 10i i 11
North W - •
i Oas.r.ead.""D*Whh• ..
liil
1 Imam ma 1 i
30
&AIM Miaow&
.. bah. • gook
..32}3.
Bibv:l4i
-.o.aNirin. PI 3 XeL

11 &o,

re&C'hes(NWM.l
Hawes
OroaCry
be ilpiewrCest• Pre.lll
Uniin 1

D,,u0..

Zo Z.
lirtana&Dc

Thirds
oaa&Gooll
Extos6on,
laws D 411.1
8.3.11fra. 118
tio7olZpwa.we
Del
Is.)14:4111aliw
odoNorkluotHer
,ONNlRtrerPre I
kN 8 ill
Profs:am. . 11t

lirrtactral
es Assloas.lLM
',At Vaslli,.

::aw::,

li *id.
g lae— .
sue 1
.1
.............1 PI
miliosins WI Pli
e Bfrri" 111".
re and 1114,441 lii.7
,lam
7

i~'

-.*P.'

RAILWAY BILLS IN PAlts,...
HUBI/1186 DIPPOIRD
Before Mr. Sm
UOPPOSlD.—Clarenee Railway, and Leeds and Think
Railway Amalounation (Suspended Bill of tenon 1847) ;
Arbroath and Forfar Railway (additional capital) : standing
ovens complied with. Dundee and Perth Raild. way (lessen(
the Dundee and Arbroath Railway) : adjourne
Anrocarrso Caen—London and South-Western Rail-
way. Exeter and Crediton, Taw Vale Railway, and Dock,
and Roans and Yiadebridge Railway Cotnpanies' Arrange-
ments (unopposed) standing orders complied with. New-
port ant Pontypool Railway Act Amendment (opposed) :
adjourned.
Before Mr. May.
Unorroont..—Oxford, Worcester, and Wolverhampton
Railway (No. 1) (increase of capital) ; London, Brighton,
and South Coast Railway (extension of time in respect of
LittlehamPton and Steyning branches, alteration in Arun
Navigation Bridge, and subscription to Direct London and
Portsmouth Railway) ; East Anglian Railways (Ely and
liutingdon Railway extension of time) : standing orders
complied with.
ADJOURNID Casas.—Waterford and Kilkenny Railway
Act Amendment (unopposed) adjourned. London and
North-Western Railway (propped branches and extensions
from the London and North-Western Railway at Leming.
Wu to the Birmingham and Oxford Junction Railway, in the I
parish of Leamington. and from the Coventry and Nuneaton
line of the London sad North-Western Railway to the
Mount Pleasant Colliery and to the Craven Colliery ; new
approach road at Tantworth ; enlargement of Rugby station;
power to hold shares in the Caledosian Railway Company
main the Chester and Holyhead Railway. and for other pur-
poise) (unoppeed): standing orders complied with.
MEETINGS.--COVENTRY, NUNEATON. BIRMINOMAY,
AND LEICESTEIL—HaIfiyear iy Meeting,—Birminshus,
Feb. I.—Mr. F. Ledsam the chair. —The=
.
of the directors expre red regret that a
number of the shareholders had not amembled
to form a meeting at the close of the last hairiest;
and it proceeded to annonaoe that, sine the meeting Mill
in October, 1846, successful application had been made to
parliament for powers to legalise the sale of the shareholders'
interest either to the London and North Western or Midland
Companies, and that the act which received the royal
assent in 1847 authorised the completion of such sale on the
conditions therein named. Further that ths directors,
immediately after taking offioe, gave 'orders fora re-survey
of the line ; and several amendments, by their engineer,
Mr. Gooch, were made. The lino, as so amended, has ben
set out, and the working plan and sections are in a forward
state. In subsequent paragraphs it was set forth, that, "by
a clause in the act, authorising the sale and purchase of the
line, the company are prohibited from availing theeneives of
the powers of sale until one-half of the whole capital is
called up sad actually Impended in the formation of the
railway. As the proprietors in the companies of which the
Coventry, Nuneaton, Birmingham, and Leicester Company
was composed have paid up, in deposits upon their shares, the
sum of 104,0001. only, and are credited accordingly in the hooks
of the company, it will be necessary tonsil up a further sum to
expend it and the benne in hand upon the court:union of
the railway, prior to dispfaing of the powers and privileges
with which the company are invested. As the act for the
construction of the line does net provide fer the allow-
ance of interest upon the deposits and calla, and as
many of the shareholders have pressed upon them the
desirability of concluding as speedily as possible by
a compliance with the provisions of the act of
1847, the arrangement which has already been approved,
the directors hove deemed it their duty to make a all of
U. 12s. per share upon the proprietors, and to determine
upon other proceedings for folfilling the lot:cations of parlia-
ment. The directors, considering it advisable to provide
against the lapse of the company's powers, propose to apply
to the railway commissioners, under the recent act, for an
extension of the time allowed for the purchase of lands, and
the completion of the railway." The statement of account
showed disbursements under the usual heads, amounting to
• 6,5191.45. Id., leaving a balance in hand of 67,0661. 181. sd.
The report we adopted, and the retiring directors were re-
elected, with the exception of Mr. Ridway, for whom Mr.
John Ellis, of the Midland Company, was substituted.
MALTON AND DRITPIELD JUNCTION.—HaIf-yearly Keel-
ing.—lialton, Feb.'l.—Mr. W. C. Copperthwaite, in the
unavoidable absence of Lord Morpeth, in the chair—The
report, which was long, was chiefly occupied with an expla-
nation and justification of the course which the directors had
thought it expedient to adept during the late monetary
crisis. It appeared that they had followed the example of
other companies, by suspending the least important portion
of their works, and by deferring, as far as possible, their
calls, in consequence of representations made to them by
several of the most influential of the shareholder.. The
abstract of the r. heirs and expenditure, from the formation
of the company till the present time, showed that
68,7211. 10s. Sal. had been received, and 63,7021. Ils. 9/1.
expended, leaving a balance at the bankers of 5,0181.188.11 d.
—On the chairman moving the adoption of the report, Sir G.
Strickland rose t . make some remarks upon the question of
management, in so far as regarded the number of paid directors.
He hail made some inquiries, he said, upon the subject, and
he found that in one case which had been reported to him,
there were only eight paid directors over a line of 240 miles,
whereas, in the case of the Melton and Driffield, which was
only 24 tiles in length, there were 11 paid directors. Upon
this fact he proceeded to argue that, under existing circum-
stances, it was necessary that there should be a reform in the
directorship of the company. Sir George went on to show
that the result of experience was, that small boards of direc-
tors and small committees worked better than large ones ;
and he concluded by moving as an amendment, that the num-
ber of direotors be reduced to three, which was seconded.—
The chairman and other directors replied, to the effect that
the present board had been united and had worked together
front the commencement of the undertaking; that they hod
asked of the shareholders aloe acknowledgment for their ser-
vices than their act of parliament authorised them to receive;
that the cost of their act had been comparatively small ; that
considerable saving had been effected by. the directors doing
work which, strictly speaking, clerks might have been em-
ployed to do ; that during the late crisis their number had
been found to be • great advantage in the way of assistance
• and encouragement; and that, if their number were re-
duced, they should resign. Ultimately the amendment was
withdrawn as irregular, and the report was adopted nerd
mously. Four of the retiring directors were then re-elected,
a number of shares declared forfeited, and the meeting, alter
voting thanks to the chairman, separated.
PARR, AND ROUEN.—HaII-yearly Meditl9.—Paris, Jan.
29.—M. de l'Espee in the chair.—The secretary read the re-
, port, which commenced by showing how the loans authorised
by general meetings of the shareholders, and amounting in
' all to eleven millions, had been expended. A sum of eight
millions had been laid out on improvements successively
called for by the increasing traffic of the railway, and the
remaining three millions and over four millions allowed by
the state bad been appropriated to defray the additional cost of
the passage through Rouen. The advantages arising from
the extension of the line to Havre were represented as being
amply sufficient to compensate for the additional expense
thus incurred. Since the opening of the Rouen line it had
not been necessary to expend anything in strengthening
works, all had remained perfectly sound ; but large addi-
tions to the rolling stock, and more extensive accommoda-
tion at the stations, bad been provided, in consequence of
the immense increase in the traffic ; very important sidings
bad been constructed to prevent accidents, which otherwise
would be likely to occur, when the number of trains had
been increased from four to twenty per day. The movement
of goods, which, in one year after the opening, averaged
about 210 tons a day, had now reached 900, and even 1,300
tons had been attained ins single day. The return given by the
line on the capital invested was advancing satisfactorily, hav-
ing been hitherto from 6 to 8 per cent., and in the last year
upwards of 10 per cent. The receipts from July Ito Dec.
31, 1847, amounted to 5,356,693 ft. 51c., being an augmenta-
tion on the corresponding six months of 11146, of
598,819 fr. 94c. The expenses from July 1 to Dee., 1847,
had been 3,o3l,so3fr.l2c.,leavintiairofitof 2,331,738fr.91c.
or, after all calls of interest, sin fund. &had c., been
provided for, yielding a dividend of ' Bfr. 15c. per share (that
in July last was 23fr. 25c.). The expenses on the last six
months exhibit an increase of 367,534 fr. 23c., which being
deducted from the 598,819 fr. 940. of augmentation in the
receipts, leaves a net increase of 231,265 tr. 71c., principally
caused by the opening of the Ham line. The expenses of
the working property, so called, are declining, having been
42fr. 14c. per cent. in 1846, whilst in 1147 they were only
39fr. 55c. per cent. The suits brought by the roulsge and
river-conveyance companies against the railway company
bad been in both cases gained by the latter ; and the differ-
one existing between the municipal corporation of Rouen
and the company, relative to the double station, remained
undecided, the msnicipel body basing, it is said, some inten-
tion of carrying the matter before the council of state. After
some questions had been asked relative to the new plan of
distributing the sinking fund over the whole length of the
concession, the accounts were passed, and the dividend voted,
payable at the banking.house of Messrs. C. Laffitte, Blount,
and Co., on and after Feb. 7. The meeting then separated.
MISCELLANEOUS NEWS.—BALIeBORY AND Yncieth.
—Yesterday meeting was held at the Grosvenor Arms
Hotel, Shaftesbury, for the purpose of taking into consider-
ation the propriety, of petitioning parliament in favour of the
NU now before the house for making railways from Salis-
bury to Yeovil and from Yeovil to Exeter, in connexion with
the London and South Western Line, and for adopting such
other measures in support of the same as may In considered
advisable. There was also a deputation from the London
and South Western Railway Company, including the chair-
man', Win. J. Chaplin, Esq., M.P. ; Lone, Esq., M.P.,
chief engineer ; L... Campbell, E' sq., chief secretary ,• C. Sta-
vin, Esq., manager of the traffic department. —W. J. Cbmg.
lin, Esq., said that the deposits required by parliament in
carry the line to Yeovil had been paid in, mounting In
more than 100,000 i., and everLother standing order mew
plied with that the South Western Company were tan
as to the bill parsing both houses, many mem-bees
lorg=w home bang- in favour of it. When the bill had
cVaweeks would be commenced immediately.—
ether gentlemen spoke in favour ofearrying through
this line te Teorfrend Exeter, ea being the most &set, and
sill= • saving ef nearly twenty miles. Shafetsbury has
offered during the last few years by being shut
out fromy such trandt, that its trade has been reduced nearly
ewe half.—A pain having been agreed to, the meeting
broke up.
oYllllloigarb. 4104011161111CAS COfiratli states that
ilds orageng gest* be weed after many ineffeo-
Mal eaetito Image sedhiMeri t with the
sant The " deaden nameey, detonadeg to Ze,go
er, will therefore be thsketei . Asedelflllllllft of
barreibeidem is to ba held, to dot rube the amount that
shall be esterapi Rein the Reposida..
DemaLL-47 lido Realm Railway, owing to the
bromide( dews eta aide" ma Duke of Coburg and Prince
Rea gens* ergesed to imminent danger, but fortunately vhf
train was dogged, sad the Wein= eeter4 mjniy

Beviatte.—A company hoe proposed the construction of
• line of railwayy. from Spire to Strasburg, and the govern-
ment of Bavaria has premised to guarantee for 25 years a
dividend of 4 per cent per annum upon the capital sub-
scribed.

COMMERCIAL AND MARKETS.
PRODUCE.— MuniNa-Lcxs, Fis. I.—The sugar mar-
ket has been active, and a further improvement in prices;
6d. to Is. per cwt. has been established. 700 hhds. West
India sold by private contract, and business has been done in
foreign dominions at rather higher prices. 6,000 bags
Mauritius Guild buyers in public sale at 6d. to Is. advance.
4,000 bags Bengal also sold, grainy descriptions at W. to Is.
I advance. Senates sold at the full prices of last week. Re-
fined firm, at 655. ed. for standard quality.—Coffee steady.—
Rice 2.000 bags Madras sold at previous rates, 9s. to 10s.,
but 2,000 bags while Bengal were bought in, 12s. 6d. to
14e. 6d., which were previous prices.—Pimento very
firm, 100 bags sold 31 41 per lb.—Saltpetre continues
very dull, and the public sales were withdrawn for want
of buyers at previous rates.—Cotton has become vary
firm, 400 bales sold.—Rum: the late advance has been
fully supported, and holders nerally ask rather higher
prices —Lea steady but inactive.ge—Tallow reElleill. at 471.6 d.
—Cinnamon : The quarterly sales went off heavily, and
scarcely half of the quantity offered, 1,400 bale., sold ; first
sorts sold at a decline of 3d. to 6d. per lb. an the October
sale prices ; second and third sorts, at ld.decline
Tellichery all withdrawn. The to of markets generally
was much improved to-day.

COTTON.—Ltvtaeoot, Fen. I.—The market to-day
!nu very arm, and quotations are all rather highher. :
New Orleans, 41 to 61; Bowed Georgia, 41 ; aunts,
3to 31. Sales te-day, 6,000 bales,
!immunise., Fen. I.—ln some departments our market
has exhibited more animation to-day, although, upon the
whole, it cannot he said that our position is any better than
it was last week. In certain number' of yarn", suitable for
the Rest India market, more has been done than for many
weeks past, and a slight advance of price basbeen obtained.
In yarns suitable for the German and Mediterranean
markets, however, very little has been doing, and
pion remain much the same as last week. The
aseli market continues without any material al-
en ; a moderate business is doing, but at very
I=ioss. The borne trade houses experience no improve-
and complain loudly of the prostrated condition of
hire& At this season of the year they ought to be doing
egent deal more, but as yet there are no mtoms of a
lem. for the better. In consequence of the p advance on
diem in Liverpool ever Friday's quotations producers have
ahem& greater firmness to-day ; and a very general disposi-
tion has been evinced to curtail the hours of working. Many
manufacturers at Bacup, Rawtenstall, Todmorden, Ashton,
&e., have to-day expressed their Intention to go upon short
time, should no improvement in trade take place. It is im-
possible but that a very general diminution of production
must take plus, should an advance In the price of the
raw material be maintained. Even with cotton at a very
moderate price, it will be a long time before the trade of
these districts shows symptoms of sound and healthy revival.
Rumours have recently been prevalent regarding expected
failures of an important kind in Blackburn. We beg to
state, on authority which may be relied upon, that suit
rumours are mut erroneous, there being no good reason
whatever for reports of this mischievous character. By
the official report of the state of employment in the
borough of Manchester, made up to this day, in the cotton
mills there is an increase in the number of hands working
full time of 480 ; and in the total number of hands working
fall time, in mills end works of all kinds, an increase of 682.
A correspondent in Oldham writes that the state of trade
in that town and neighbourhood has not improved in an,
respect whatever since the early part of last week.
great number of the mills not only continue the short-time
system, but al concerns are entirely stopped ; and the
proportion of establishments in operation full time is ex-
tremely small. There are three turn-outs of spinners, arising
out of that fertile subject of dispute—wages. The operativm
contend that in these cases the masters are attempting a serious
reduction of wages, while the employers allege that their pea'
Paulo merely amount to an adjustment of the earnings to a
I scale paid in former years. A freest number of operatives I
(particularly spinners) have emigrated to America, and the'
disposition towards emigration is increasing on the part of I
such of the workmen as can by any possibility raise the''
means. It is stated that the operative spinners are about to
form a society for the purpose of rendering assistance to
such of their fellow-workmen as desire to crow the Atlan
tic. Trade in Todmorden is much the same as it was
last week. Mr. Fialden has commenced running a portion
of his new mill (Itobia Wood Mill) full time. From Ashton
we learn that no alteration has taken place in the state of
trade since Tuesday last. Several mills are working short
time. The hat trade has shown some slight improvement,
which is very utisfactory to the operatives in that branch,
front the long-continued privations they have endured.—
''orechester Examiner.

WOOLLENS.—LazDs, Fun. I.—There WAS a more nu-
merous attendance of merchants at our cloth halls this morn-
ing than on either of the market days lest week, and the
transaetions were of a more extensive character than on Sa-
turday. The goods sold were of a similar description to
those which have for tome time past been chiefly in
&emend.
BLANKETS.—Hscluowriwitz, JAN. 31.—There was
a pretty good attendance of merchants in the blanket-hall
this afternoon, but the purchases made were only trifling in
point of extent. Some few orders were, however, given out
by the representatives of Abuses connected with the export
trade, and altogether the present state of business and future
proepects are more satisfactory and encouraging thin they
I were a few weeks ago.

HAMBURG, JAN. 28.—We have no change to report in
markets ; all goods remaining much in the same state.
There is still little inclination to operate in sugar, but
holders being firm the small lota wanted for consumption
1 higher. The demand for toffee is less active, but prices
are maintained ; sales are only 2,500 bags. Brazil at 3
other descriptions are neglected. Cotton flat ; and the only
transaction is 70 bales low middling Georgia at 55., being an
esteems price, at which further sales would willingly be
effected. Rice has rather rave inquiry, and sales since our
last are 100 tierces Carolina at somewhat firmer prices, and
400 bags East Indian at the former value. Spices in steady
request. Copper firm, but without important business. Of
pimento some purchases have bees made for the interior,
which has reduced the supply, and caused holders to raise
their demands to 41 to 5. Camila Agnes without sales. A
parcel of cloves has changed hands at an unknown price.
Speller flat, and offered for spring delivery at 11 14, or
161.55. per ton f.o.b. ; spot may be had something cheaper.
Grain dull. Wheat offered a few dollars cheaper without
finding buyers. Upland for spring delivery at 46 to 47 ; for
shipment from Wismar and Pomeranian ports 104 to 106 r,
or 42a. to 435. ; of barley about 200 lasts 111 to 112 lb. for
spring shipment from Jutland and Zealand have been taken
at 62, 66, or 20s. to 21s. per qr. f.o.b. Oats, peas, and
beans neglected. Rapeseed without inquiry, held at 130
from the east coast and 13.5 from the Elbe,

INDIA MARKETS.
CALCUTTA, DEC. 21.—1 s DIO O.— The indigo SNOOD
could not have opened under more unfavourable auspices.
The miserable result of the London October sates, and the
crippled position of our general trade, have produced a general
Inaction tn the market. There appears no inclination, either
among English or French buyers, to commence the soiloperatio
semen, and almost the only transactions are for AVICriCa. A
=ale was he
prices r,,gosiabothetll7sthmlnbsr., which
three jitrd off with much
floams—Bolders beinguanatous Winn, the market to nowseason
lolly I r.
per inn. lower for the better sorts. In the lower qualities the reduc-
tion in value is even still greater, particularly for the inferior Haman
sad Dumas sugars, of which •large Nock exists.
ler brown sugar of all sorts, with ilrhoot hindu, there Is a oomplete
salVaddi__ll, at dram&
_ralaw kola bat* 16th Datember, 1817 :—Great Britain 62,720

ace
Haw 81t.s.—The silk oaring connues completely indica
nut Puce Goores.--ftwelts see now sewed at reduced prices.
Middling to good native ,Oomimbasar may be had at into 110 Co.'.
rs. m ern
Bapur rraes--.The market br eibpsin Is spin berse, by 6to a
minas pee md. and at this rtiessem • misiiis Winn is in pro-
gress, chiefly, Aatifiell. 7b Meisel belghts hen brought a few
ballll into the market elm be beitaL
Bros.—Thy new ries bee same down lapis., and is now obtainable
in quantity. Good dewed b pawed& st 000, re. 1-8 to 1-12
per md. Buyers for Ingloderefew, lobo post amount of business
his been done.
Prime may be quebe&—Tabila new, simian Co.'s Bs. 1 t to 1 11 per
D. sad.; Moongby, sisaaed We ie. 11 to 1 3 per b. md.; Ballam,
ditto Co.'s re. 1 0 to SI porta. in.
Lac Dec retinas be beeiebrene soyeset.
Oraux.—Tbe mann remelead Ineglog limeegbent, and
Patna has used woad se Ow NON On's ter eat 'D stock
Is
now reduced to en laiglidiont IN
gat thOrs ig SO bOainaB
doing in the drug. Quotation zioduivesre—Patne, Co.'s vs. 980
to 983; Beriare
maro'ra. US le re sheet
Proner.—The et fkr tem. wee wisettkd ; alter the ar-
rival of the stemnsr, sad her is men* of produce offering, sod
Innen of snipors, the MIS of 1011111/1111111 Meiginge have grades
all rerimir...egeded to ow
Worm =ICI= hes relapsed into Nettled
damn sad said no sea le Medd man the usual operations
of wade with the Warier see reemini.
Gory Menge me ON Medd& In sem losbness. bowsaw,
they en eland hoe et a redraft ups powiess =Os la
for es* sod the motet be esswerpsoby mergikat lawiletn
• e Menge • few Wee have oho Men owls, des
chop la value. WOO jeseenels WA and th
I onoportest. norm do ohs ere oils Inebolleeni, and
adepellemelf we Wolin bewtriLaginrib we Ohl wasieL
Moho eve bee woo them bias sr esopered
rredwb fboalowder dohs the floor Oho much
more In nem al the waded Os nvolta.
ROTA Twoo—The obi hero ben meek sod latterly the market
hashed a bided doseaward tedium ben On aspoditioe evils:nth?
wow holden Se pros rotes. The deans fe hey 1 pie to 1 pis per
wool la Nes. WO O. We quote No. ft wows into 6 pa morn ,•
"4602111;40,11101to414 0,371•1111;116,36to37; 70, 11
t 034; 50,316331; 90, 31 t 033; 100,3 2t034.
MILLET BID Tenn.—The pan of red yarn are also somewhat
lower.
Wootnas.—The sales of wean feeds ne to • Mir ann.
Coma.—Tee market for copper in ben dull. Tnoweetkins are

unimportant.
firsurca.—The value of Svelter Ins Inishisnsissinsidsrabig. It has
bona quoted as high is 13 rs. ; tot nissibslns dna =ma and
present quotations are Ct. r 5.11.410111.4 plc
izop.-1121s metal his also maw= =llO, trod
prewore of the times.
GAIX.—The following are Mode lossnillos hi salt :—Fr each
salt, 10.000 rods. 67 Co.'s Ra.; And Llverpod. 14000 mds SS Co.'s
common, 4000 mdn 01 Os.'s Ba.; MOO zeds.
Co.;
Co.'s Rs. per 100 rads.

P'ons M. LONDON GAlETTE.—Timeday, F 05.1.
WILLIAM 14.40NaLL, 11101111111. Mailibhica, gnaw, le iforeadar
lab. 19 la Mara 14, at Mal membowscs. Dashos.
sier. saina. 11.
_, Y.
itennosars
Inu.talt Pras Tab.
11, at 11, k Mark= 1,a4 201111116.411=461.a1mea•
Pima, Jewrpabania; IL alba 11.*

TAW.
46 'Aberdeen .., - - 11, 1 2 Ilan./ 61 . WO6l, ril
arroberot.Not.*Dost 1 24d. 12 Du. PDlh s .
Al..
10 Btrot.lrot.& Dudley 154 40 Do. 401. sh., I
106 Dir.lVa. &S. roan, 14 Ofd. 4, Do.lol. oh. 6/.11
30 Blrm. A Oidord Jn. 144 e I 116 D0.1014A../41 .1.
0 liwtostStom.dc Bast pm Ip. 1 1 D0.101.a.,:if &
60 Bristol nod Extra 16 144, 1414 Loudon 113:frorte
20 1 Do. Thirds .- . . 7,4 44d. 40 Do. Conn. bleb
12411inekingbamebize 2.1. 326 Do. New. 50/. .
70 ;Caledonian. - . 36 26 Do. Noe, 406.
31' Do. t Pharos
37f Cliostor & Holyhead 214 40 De. do. Teeth.
12 ' Do. Praires • 86 Do. Thirds ,
7111' aaretlC4 li Lon.,lllll4bak To
10 Do.lst (1.• Spa Cl 3 Mao. Mat. & A
10 Do.ld CI. 6 per a %IA/oath. *Soma&
16 Dualist/It Jam 2216d. 100 Midland ... ,
Ili Dosseka& *Mania 40 Do. 401. al&i&i.
26 EAnI26II.6IIE&L&D 11 13 16 D 0.601. +barr .
16 Do. 11/1. IL A 11.} lOO Do. ham. &Di
2 Do. (34.10 e. Mall ) I NO Do.C.LITt.&IO.
TO &Morn Cosallos 1 116 4 36 Do. Drist&Oto
• .D.
30 Do. do 36 Aftd.M.West.ll,
ff , DoErtm6p.Ct.Nol par 4p. 100 Nesseastk & Cat
esi Do. de.. . 5,6 gar .164 Newmarket ...
so 1 Do.sortWi .......... S 3 28 North &Nisi ..
MI Do. 1 shares
Id Do. New . -
of ..
60 I Motors 1.11 Mo& •- • . Do. '
126 De. 6 Mares .- , 1 Do. Thirds ...
110 irlitailie.rn.trarCt r3d. 11060 /r0g01.... 2
05.
13 as. New 4 3d. 6 Do.Ouarid. 661
4 IlLtlf="1. 1774. 1 DD::81g47514./JI
lidloburtgago.a 44 4N. Ceriaist OW,
Ai 1,0. i 3 Nor* Obilloall
226 Do. 4 awn . ...0165t4 16
North Wolson,
Edioo. A Northers. 35 Oa. Worm& 64
1 Areter,Yorett Dore. 11 140. 74 AWE di
12.10rea4 Noottsara, ,145 44 11 Barton sod EN
Do.Loo. & yortEsa 10. 24 940466th Nett&
274 Cl Wat (traps 12id. 226 &mash /Masi
Inv Good North qf at0..1116 240 6 act, Rah. C
f• Do. 5'0.461 63 66p. 7 .&Dfrie.
31 Da Nam la 4O 422,. 4 &Do. do. ... .
Do. Namla. 7 Irp. 16 aremi&C7otrili
60 Or
Do.o& Wilm 103 46 $
Do. lam.
10 Do.
174 Do. elimis 2ll 1 Do. Nea
10 Do- .. ...... .Dl.ll'erDsot
ire UM
4 . 106
34 n_ Mew. , • par 40 risidDovon
6: Hioritle..., :6.. 14 %I 4 lioltiu Zerm'ordd
26 Dog • ..... IV 63 336 Erten&
36 Do. do
17 290.. A st. 17 Do. do
DoEdo. & Norwich 64 2 20 Do. do
ss&l336lCd 24 Do. do. Thai
1 "iz: rjr" --1 It 'I 88°Ylk.WDoat.i
91 &Erna York& 4 Taw Vat Este
a dO IL 174 Thema Mama,
Xi Wilt'. blom.,&11
41 frl.l. Btws.eB.
11i De. 1
Da
11 it MID Elide ',Z it i 1 DDLI
38 °' r',.... --4,1 1.6 Do
33 De • ~..,4, .
. 1 ..", 1 1401 A
4 00 York&Naellin
!00 Prodooili - 10 Do. Profane
9 labsno.... • r • D0.1.&W.il
14 at . ... .... ,. 9
.00 s01l k
LA* •
.- 4;00 . 39L A
26 AA
, ' Ifs• . 'la . "(0r.4
~,r, • rl4 Ragiii,i
; • I Ala &
.
: i -kr4. ••••••• •,. it . /4
.1 .•X a ' is ottlXl
s De.
a Loo., . .:
, Ali . ....
O .
' D*r.
113 Do. 050.k4.429 • i modia.
60aliftg
Loodorimod evegrat ,
1 • Do. sad IL
1 • landolfr :la s Ara
I DA i Airlf LA