The Express.
London, England, 1862-02-10 00:00:00

THE EXPRESS, MONDAY EVENING, FEBRUARY 10, 162.

THE CATASTROPHE AT HARTLEY.

NEWCI9TLE•ON•I7I4II, UPOIDAT EVIXIPO.
A very interesting meeting el delegates, repro-
mating collieries in Northataberlassd and Dothan, bas boss
bill ie the Lecture-room is this tows togley, to devise

lime fee a change from the present system of mining opera-
gem sad for the better preservation of the lives of the
ageing community. A discussion took place on various
points, but the feeling was unanimously against the brattice
shaft system being continued, the men in very forcible lan-
guage pointing out the dangers incident to the system.
The following resolutions wore unanimously agreed to
"That in the opinion of this meeting the present system of
working coal and ironstone minas is dangerous to the lives
and injurious to the health of the miners, and that for the
purpose of effecting a change in the system, petitions, point-
ing out the remedies of such evils, he got up se
speedily as possible, and presented to the houses
of parliament; and that for the better carrying
into effect the present resolution, an executive committee
end secretary be appointed." A form of petition wan at
miss solopiod.
A good deal of discussion took place regarding the present
system of mines' inspection, and the general feeling of the
spooling seemed to be, that under the present system no
inspector, with the number of pits at present under hie
cheep, could visit me• ial! of them, and it was unanimously
eeseived—" Th►t the present system was inadequate to its
regnironents, and that ten sub-inspectors, having charge of
Waft collieries each, should be appointed by the govern-
ment."

Next Saturday another delegate meeting will be held,
with a view to adopt measures to establish a permanent
Ware relief fund, and to make an appeal to the public of
thellaited Kingdom to usist in establishing it.
It is computed that down to this evening close upon
30,000/. has been subscribed for the widows and orphans,
end it is thought that before the Seta are closed the fund
will conaiderably exceed that amount.

ROYSTON AND HITCHIF RAILWAY.-(THIS
DAY!)

The half-yearly meeting of the proprietors was
held at DODD, at the London Tavern ; Mr. Rein in the
°hair. Oa the motion of the chairman the following mots-
ben wee adopted :---" That a dividend after the rate of ell
per cent. per atiatim, leas income tax, at 'Jd. so the pound,
sad Id. per 61. sa. stock for exposer* of management,
be declared on the Itoyatoo, Hitchin, and Sheproth con-
solidated stock for the half-year soft Ist February, 1862,
and be paid forthwith."

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HONEY MARKET.-(THIS DAL)

Two o'Cwci.

The fuutla to-day are well sustained at the closing
quotations of Saturday. Little business is going for-
ward. In the railway market no general altera-
tion bas occurred. Foreign stocks continue to
meet with a fair inquiry, but the transactions in
this department do not exhibit the activity noticed
last week. _

-- -----
The 'scrip of the Moorish Loan is firm, at 4 to

I Prem.
At Paris this morning, according to Mr.
Reuter's telegram, the Three per Cent. Renter
were quoted 71fr. 55c., being 1 per cent. better
than on Saturday.
Console are officially marked 921 and 93 for
money, and 93 and 921 for the account. The
present quotations are 92/ to 93 for cash,
and 93, " sellers," for the 6th March. The official
business report is as follows:—Bank Stock,
2411, 240; Three per Cents. Reduced,
93, 1 ; New Three per Ceuta, 93, h ; New Three-
and-a-Half per Cents., 100 ; 30 Years' Annuities,
1885, 151 ; India Stock, 226 ; ditto, Five per Cent.
stock, 1061, ; ditto, Four per Cent. Debentures,
1863, 991 ; ditto Bonds, 265., 255. prem. ; Five-
and-a-Half per Cent. "enfaced" rupee paper, 1061 ;
Exchequer Bills, March, 10a., 13a., 93. prem ; ditto
June, 145., 10e. prem.

, .
Only a moderate amount of business has been
done in foreign stocks, but prices generally, including
those fur Mexican, Venezuela, and Buenos Ayres
Bonds are firm. Italian Five per Cents. and
Equador Bonds are in requebt. The Turkish
loan of 1854 is slightly flatter, at 841 to 85,
while that of 1858 is steady, at 751 to 76.
Sales are recorded as follows :—Buenos Ayres Six
per Cents., for account, 94 ; Chilian Four-and-a.
Half per Cents. ,85; Equador New Consolidated, 184;
; French Four-and-a-Half per Cent. Renter,
100fr.(exehange.25fr.); Italian Five per Centa.,'67l,
68, 671, a ; Moorish Scrip, 51 prem. ; Mexican
Three per Cents., for account, 341, 35, 341 ;
Portuguese Three per Cents., 1853, for ac-
count, 4d ; Russian Four-and-a-Half per Cents.,
931, 921 ; ditto, Three per Cents., 1859,
601 ; Sardinian Five per Cents., for account, 80 ;
Spanish New Deferred Three per Cents.,
for account, 431 ; ditto Passive, 191, 20 ;
the Committee's Certificates, 8, 71, 8 ; Turkish
Six per Cents., 1854, for account, 841;
ditto Six per Cents., 1858, for account, 76, 751
ditto 1001. Bonds, 76/ ; Venezuela Three per
Cents., for account, 251.

About 30,0001. in French gold coin was purchased
from the Bank on Saturday for transmission abroad.
The mail steamer Tyne will take 11,3821, in
specie (gold) for Brasil.
An important and well-considered undertaking
is announced, under the title of the Rio de Ja-
neiro City Improvements Company (Limited). It
presents several peculiar features. It is intimately
connected with, and enjoys the special support ot,
the government of Brasil, and its terms exceed
in advantage those granted for the encourage-
ment of other public works in various parts
of that prosperous empire. It is a cherished
object of the government to drain and give health
to the metropolis, Rio. To promote this, it has
undertaken to pay direct to the company an annual
sum equal to 61. bs. on each house now erected, or
hereafter to be built, whether occupied or not.
This extraordinarily liberal engagement will pro-
duoe a sum of no less than 93,7601. a year. Includ-
ing a further amount payable by the municipality,
but for which the government in like manner makes
itself responsible a minimum annual revenue of
96,2301. is assured. After defraying all expenses,
setting aside a sinking fund, and leaving a margin,
this will yield a minimum return of 8* per cent.
on a capital of 839,8681., in consideration of which
those very responsible guarantors Messrs. Brassey
and Co., have engaged to complete the works, and
pay every charge, including 7 per cent. interest on
the capital during construction. The maintenance
of the works for 21 years is likewise assured by
that firm. The undertaking is thus singularly free
from risk, being supported on the one aide by the
government, from whom the company's large in-
come will come direct, and on the other by Messrs.
Brassey and Co., whose co-operation is a valuable
feature of the project. The names attached to it
are of the most respectable character, and afford
a guarantee for its bona fries. Amongst others, a
directorof theßank of England and a member of the
Council of India have endorsed the prospectus by
joining the board. One of the greatest drawbacks
to investments in the guaranteed Brazilian railways
having been the absence of arrangements for paying
up the shares in full, it has been provided that sub-
scribers to the present undertaking shall have the
facility of paying up to the extent of one-eighth of
their holding, and we understand that this propor-
tion will be hereafter enlarged. The total capital
is 850,6301., in 2.51. shares, of which a large portion
is probably already subscribed. The brokers are
Messrs. Mullens, Marshall, and Daniell, and
Mess-s. Hill, Fawoett, and Hill. The list will be
closed on Monday, the 17th.
Some disappointment was expressed at the an-
nouncement by the North Staffordshire Railway
Company of a dividend at the rate of only 3 per
cent. per annum, against 4at the corresponding
period of bum year, but the stock has not fallen.
Ageneral meeting of tho Thames and Mersey
Marine Insurance Company is called for the 26th
instant.

The—half-yearly meeting of the Victoria Dock
Company is convened for the 27th instant.
The annual meeting of the Oriental Inland Steam
Company is called fur the 19th instant
The Rhyinney Iron Company announces a divi-
dend of 15a. on each M. share, and 4s. 6d. on each
161. share.

--
The following is from Messrs. Colverwell, Brooks,
and Co's Monthly Hide Circular, issued ou Satur-
day:
• -

The Elias Market.—There is s quiet feeling upon the
trade, which in telling slightly against prices ; a middliog to
fair business has been done upon most descriptions of hides
at a slighrtlecline, both for those sold to thu home trade and
for export account.
Ox and Cow.—South American.—The
market is very quiet, with but small sales to record. Amp
tralian.—We have to note a decline of ad. to fd. per lb.
upon these hides. The stock is small, but the demand is
limited, both on the part of the home and export trade.
Cape were in goofy demand, bringing generally full prices.
Salted Horse 11,.1et —The market is very steady, with a
favourable prospect.
English Market Hides are quoted lower, which is, In some
measure, accounted for by their inferior quality at this season
of the year.
East India Sipa—The demand has been ina:tive, more
particularly at the last two eggies of public sales, and prima
of moat descriptions have ruled in favour of buyers. Upon
good to prime hides there is little alte.aticn to note, but
other qnslities have receded id. to id. ter lb. For export
only a limited inquiry has existed, while the home trade
have bought lees freely.
The Leather Market iv quiet,with a steady_ business doing.
North and South Anterimn and other Furs.—The next
series of public sales will take place within the third and
fourth week of March.