The Express.
London, England, 1846-09-25 00:00:00

RAILWAY NEWS.

Some business was done in Blackwall at advanced
prices yesterday, on the presumption, or report, noticed on a
former occasion, that the line would be eventually absorbed
into the London and North Western combination. The
shares were done at 81, being an advance of about I, but
they receded subsequently to 8. North Staffordshire declined
to 2I on some parcels being thrown upon the market, but
recovered afterwards to 3. Some of the Irish lines were
talked about, as being at low prices, but little was done in
them. The market altogether was weak and undecided in
character. . . . . .

There was no change worth noticing in the Share Market
at Liverpool, except that Chester and Birkenhead again
took a start, and were done as high as 64. The report of a
probable arrangement with the London and North-Western
is the cause ; but whether there is any just ground for the
report is entirely uncertain. North Staffordshires are offered
rather freely, and declined to 21 p. Birmingham and Ox-
ford were also lower, 31 p.
At Manchester the market was languid; business was
limited, and prices were without change.
The market at Birmingham was somewhat brisker : the
transactions were more numerous, and not confined so exclu-
sively to the local lines. There were sales in the Birmingham,
Wolverhampton, and Dudley at 11 p. ; and StourValleys were
done at Ip. North Staffordehires were done at the com-
mencement of the business at 31, but at the close they had re-

ceded to 3i p.
At Leeds the amount of business done was trifling, and at
a greater decline in price than has been observed for some
time past. There appearsto be aeomplete stagnation amongst
the speculators—Leeds and Thirsk declined Bs. 6d. ; Leeds
and Dewsbury, 75. 6d.; East Lancashire, 2.8. 6d.• New-
castle and Berwick advanced 2s. 6d. ; and the Eastern
Counties' Extension, 2s. fxl. per share less.
MEETING THIS DAY.
_

Gloucester, AterysWth, ; London Tavern:
1 p.m.

PROVINCIAL. - EDINBURGH AND GLARGOW.-NEW
BOARD or Dtitteroiss.—We subjoin a summary notice of the business
transacted at the opeelal meeting of the Edinburgh and Glasgow Rail-
way Company after the despatch of our packet on Tuesday evening.
Cheetham proposed the following list of new directors:—For
Glasgow: Messrs. Peter Blackburn, of Killearn ; J. Orl Ewing, of
Brumley ; Henry Dunlop, of Craigoon; G. J. Adam•, of Denny ; and
John Henderson, of Park. For Edinburgh Messrs. James Maitland
Hog, Alex. Clipperton, and John Maitland. From the English share- I
holders : Mesas. J. B. Smith, Raison, Rawson, Openshaw, Gaston,
M'Kay, and Cheetham. He stated that it was the expectation of the
deputation that Lord Dunfermline would consent to become the chair-
man
of the directors, in the event of which one of the English share-
holders would retire from the board. Mr. Rawson bad consented to
come down to Scotland with his family for two or three months
for the purpose of superintending the internal administration of the
affairs of the company, and upon this arrangement the success of their
plans were mainly built. The meeting, with the exception of three
dissentients, unanimously agreed to grant thedirectors the indemnity
proposes', and the list of directors submitted by Mr. Cheetham was
approved of.—Mr. J. B. Smith then moved, "That the opportunity of I
declaring a half-yearly dividend having been lost by the closing of the
last general meeting, it be recommended to the directors to take steps
to remedy this defect, by ordering a payment on account to the share-
holders to an extent according with the probable amount of the divi-
dend arising from the profits of the past half-year ; and this meeting
pledges itself, en far as it is competent so to do, to hold the directors
indemnified for making such payment."—Mr. Rosson seconded the
motion, which was carried, Mr. Hosier and Mr. Logic dissenting.—
Mr. Leadbitter proposed a vote of thanks, to the directors, which was
seconded by Mr. Wothersponn.—The English deputation could not
agree to let the motion pass unless it was admitted on the record that
they were silent on the subject. —Mr. Leadbitter mull not consent to
this ; but after a discussion the motion was agreed to, on the under-
standing that the English deputation ahoy's' not vote.—.titer some
formal business the meeting adjourned for a month.

RIIODY AND LEAMINOTON.—This line has been sold to
the London and North-western Railway Company at W. pm, on the
201. shares, or 4/. ptn. on the 161. shares.

CALEDONIAN EXTENSION RAILWAY.—A meeting of the
shareholders was held at Edinburgh on Wednesday; Mr. Hodgson
Itinde, SLP., in the chair; to consider the propriety of dissolving the
company. After the appointment of nerutineere the secretary stated that
the number of shares that bad been issued was 59,140. Ile then read
the directors' report, which expressed their regret in baring to an-
nounce to the shareholders the failure of their application to Parlia-
ment. The report then stated that the expenses that had been incurred
amounted to 51,6301., or about 178. per share. The chance of carrying
thia bill being greatly diminished by the succesa of the Glasgow And
Dumfries line, and as many of the shareholders had expressed a dente
for the disaolution of the company, the directors did not
consider it to be their duty to recommend its further prosecution.
The report concluded by gating, that the 4 foeLors had entered Into