The Express.
London, England, 1849-02-01 00:00:00

MONEY MARKET.

WIDNUDLI KV/INING.
The firmness displayed by the French government
wssld appear to have dimipated all lingering appre-
brim of occurrence of events calculated to de-
range the course of public values, and to have restored
all their previous confidence to the speculators
for the rise of prices. The funds, reflect-
ing faithfully the current of speculative opinion,
were all in advance accordingly up to the official
cline of the market. From 911 to 1 Consols gradually
and steadily mended to 91; to 2, and for time were
actually bought at the last highest quotation, leaving
off 911 to 2 for the account, and 91# to 1 for money.
Reduced Threes were 911 to 1. Three-and-a-Quarter
per Cents., 921 to 1. Exchequer Bills for March,
42a. to 455. prem. ; for June, 475. to 50.. rem.
India Bonds, 48e. to 60s. prem. Long Annuities,
81 to 16-18. Bank Stook, 193 to 8. India Stock,
242 to 4.
The liquidation of account in the foreign market was
effected upon more favourable conditions for the
speculators in the fancy, defaulting, and anagrimder
stocks than could have been anticipated aillw the
break down of the great speculation for barring
them up some days linos. Prioes rallied in ere
degree upon the imroind and prospering state of
the funds to-day, without, however, recovering to
that point from which they were so summarily pet
back on the first day of the week, when intelligences
was received of incipient insurrection in Paris. This
partial recovery of prices enabled speculators, who had
so freely gone for the rise, and whose bookm threfar%
were o .rged with stocks at high prim% to nabs
up, or otherwise dispose of their purchases, on fader
and Ina disadvantageous terms than could have bees
contemplated two days rim Mexican, in which the
dealings had been most active, were variously dor
at from 261 to for money and settling, and at the
close of brines§ were reported to be buyers at 28 for
the new account opened to-day. Peruvian were with-
oat change, 47 to 9. Buenas Ayres, 28 to 8. Vene-
zuela, 191 to 201. New Granada, 141 to 161.
Braids Fives improved to 14# to 161 ; the Threes to
27# to 81. ; Passive, 31 to . Portuguese, 281 to
71. Dutch Two- 1d
-a-Half per Cents., 481 to 91;
the Fours, 771 to 81. Belgian, 78 to 80. Russian,
104 to 108, as before.
After the official close of the market re•porta came
into circulation of disastrous news from Inffia, mid to
have been received by the government or at the East
India House. The report was to the effect that
Goolab Singh had declined against the British. It
was impartible to trace it to any authentic source,
but the effect was that Consols were done in the
ooffse-houses near the Stock Exchange, where jobbers
are in the habit of congregating after regular business
hour., as low as 911, but subsequently, upon doubts
of the intelligence, were somewhat better. Such
traareffiene oat of the regular hours can, of course,
be no gulls to the market.
The shareholders of the United Mexican Minis(
Company bed their meeting to-day, and were saluted
with a &snarls report of affairs, accompanied by
the answerer at of a dividend at the rate of 7s. ft
per share.
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RAILWAY NEWS.-WEDNESDAY.

Shun were extremely good, and on the liquida-
tion sellers found much difficulty in making their de-
liveries in same instances. In consequence, London
and North Westerns wen paid 143 in purchase fo

UNOPPOSED.:Zl;doll.anTiiiiniwaurßailway (Amend-
ment and extension of time) : standing orders not complied
with.

CABs ADJOURNED.—Windsor (extension of the Windsor,
Staines, and South Western (Richmond to Windsor railway),
with power to the London and South Western Railway
Company to subscribe) : consideration further adjourned.
OPPOSED —Ediaburgh and o:sagow Railway, and
Wil-
sontown, Morningside, and Coltnees Railway Amalgama-
tion : cue closed : decision postponed.
Before Mr. May, Room 22.
Uxorroann,—Rdinburgh and Northern Railway (B ;
(deviation of Dunfermline Branch in Dunfermline
and alterationsi so that the same may pass over the II beater
Tramway ; branch., in connexion with Halbeath and Town
hill Tramways, increase of capital and amendment of aets).
The Great Indian Peninsula Railway Company (registered
provisionally fir making a railway in India from Bombay to
or near to Callian, with branches or extensions to other
places). Witham Navigation (powers to enable company of
proprietors to raise money by new shares, or by borrowing
on security of the annual rent psyabh by the Great Northern
Railway Company). Standing orders complied with.

THI FOLLOWING BILLS HAYS ALSO BEEN DISPOSED OF
BY THE EXANlNRES.—Shrowsbnry and Chester (Dee
branches) ; East Leaks Central ; Eastern Counties and
Newmarket Amelgamaties ; North Western (Extension of
Lancaster bramsk) shesiommast of Williamaland branch
sew road to Betide Beatks, extension of time for purchase
of land and contraries of works ; Bast Indian Railway
Company ; Inisserlat mai Carlisle, branch to tne Presto
and Wyre branch to Gimes Dock and amendment of acts-
;
Guildford. smi Reigate branch to London and
Rfklathillestern ;St inert Dirlington, lease of line to
the York, Newcastle, sad Berwick, sad amalgamation of
both undertakings ; Stanton and Darlington (alteration of
line in Eagleseliffe and Stoktes-on-Tees) ; Stockton and
Darlington (consolidadon of capital acts, increase of capital,
end maw of Jahlikeherongketock); South-Eastern (re-
alm* of restristiess agalast opening the Tunbridge Wells
sad Hann" sad Ashford and Hastings, grant of compul-
sory powers- MR pitman of lands and steam-boats) ; Man-
&atm, Sheffield, and Lincolnshire, amendment of acts ;
Caledonian Railway (leen or purchase of the Glasgow, Barr-
head and Neilston); East Anglian Railway (extension of
time); Cockermouth and Workington ; Lancaster and
Preston Junction Railway (acts amendment ; power to
alter tolls, and for appointment of officers). Same
( junction with the Rut Lancashire Railway in Preston, and
amendment of acts); Edinburgh and Glasgow Railway and
Edinburgh and Glasgow Union Canal (amalgamation, or
sale, or lease of the Union Canal to the railway company) ;
Lancashire and Yorkshire Railway (extension of Ashton
branch of Clifton, and abandonment of part of Clifton branch
extension, extension of time for purchase of lands, regu-
lation of capital, and amendment of acts) ; Birkenhead,
Lancashire, and Cheshire Junction Railway (abandonment
of part of line, extension to London and North Western,
extension of te for purchase of land, alteration of tolls, de-
crease of capital and amendment of acts) ; Same (power to
sell or lease to the London and North-Western, the Chester
and Holyhead, or the Shrewsbury and Cheater companies, or
to amalgamate therewith) ; York, Newcastle, Berwick,
(Barmouth and Almouth new branches, extension of time
for branches, power to subscribe to Sunderland Docks) ;
Same (Newcastle-epos-Tyas and Carlisle Railway, lease
and amalgamatioa); Lasoashire and Yorkshire and Lon-
don and North-Weeteen Railway Companies (transfer of
interest in the Preston and Wm Railway Harbour and
Dock, and for regulating management of undertaking) :
standing orders complied with in all the above cases.—
Taff Vale : standing orders not complied with ; referred to
committee up-stain.

MEETINGS.—NORTH STAMORDIIII/11.
UNtwig.--Btoke-upon-Ttent, Jan. 31.—Mr. I. L. 9
MP., in the chair.
The report stated that, in addition to the el miles already
pied, the line from Stone to Celwieh (10 miles) was
alto ready, and " with the exception of the stations, sidings,
and turn-tablee, and that the remaining lengths from
Contagion to Macclesfield, eight miles, and from North
Rode to Mb:meter, 27 miles, with the branch to Sandbach,
miles, and the Willingtori Deviation, 41 miles, will be
=rat Midsummer next, the directors expect that,
at half-yearly meeting of the company, they will
be enabled to report that the three main linen of communi-
Odell comprised in the system of the North Staffordshire
Railway, vls. the Pottery line, forming the shortest rail-
way route between the metropolis and Manchester; the
Churnet line, fusing the shortest railway route be-
tween Mancieeter aa the midland districts ; and the
Derby {and Crewe line, forming the shortest rail-
way route between the ports on the me and west
meta, and the intermediate districts, are in full operation.
On reference to the last report of the directors it will be
found that the engineer then computed that the capital of
the company for the cam of the lines now under eon-
non, comprising a of 128 miles of railway, and in-
cluding.workshope, stations, sidings, carrying stock, engines,
turntables, water ernes, it.., would stand at 3,400,0001. It
will also be perceived that the directors calculated that a
further call of 21.105. per share would ensure the completion
of the lines. Notwithstanding that the interests of the com-
pany have demanded a larger outlay than was originally
contemplated, to accommodatethe goods traffic, the di-
nners, after a earful investigation, see no ninon to alter
the opinion then expensed. They therefore confirm the
statements in both respects. The capital of the company for
the completion of the railway will stand at 3,400,0001., and
a final call of 21. 10s. per share will insure this
completim. It has been determined to make this
call immediately." A statement of the financial
position of the company showed that, after . he
amount of the next call of 21. 10s. per share had been re-
ceived, with the amount of the loans, there would remain an
unappropriated surplus capital of 1,250,0001. The whole
amount of works, however, which the company have power
to construct, and which are not included in the capital pro-
posed to be raised, will not involve an expenditure of more
than 220,0001. Thus (the report coatinned) the company
will be plead in tin very novel and strong position of
having completed its undertaking very conaiderably under
the outlay originally contemplated, and for which powers
were granted by parliament. Neverthelen, as the dire.-
tors consider that it would not be prudent at present to
undertake any ezteeeion of the works now in pro-
gren, the rftl capital et the company, indulte of the
canal, will be fairly represented by the sum of
4,670,0001. The dinners have satidanien in reporting,
that notwithstanding the (nudism& depresien fa trade, as
especially gammons the pascal Mini elf of traffic re.
csiPls isrssci pert of .the mastry, the Imam on the canal
ham Wm meinieheei. This is the mere remarkahle,
that dm libel* dint pet d qtr, Navvy vldell soma into

competition with it has bees weed, and though not in any.
dream full medd a
le, lea avenged a trade slant Law
a ads. linty dirt is heing Inds 10 afford the proper faci-
lities he the isnimmed of this traffic ; bat it Ire been
hitherto head hided& to expedite the works for the
messasmoistiaseilla psis mad Wanda, so se to enable the
soak to red emp 1101111M1010 of the &trio& The
Weer theft shared lbal Me total net profit of the past
Wfpssr arenats to 10,9211. 05.2&, which. after payaeat of
the end rent of 29,0001., leaves a surplus at 119261. Os. 2d.,
whisk the directors propene to have to the credit of revenue
messenit, sad it will tone part of the dividend of the entrap
hallgeme. Finally, it was averred that the Ilkeston had
enhosi Ys sashed he the maintesanos of the mad, by
whisk awing of 4,0001. would be assomplished ; and that
they lad eisste4 residerable economy in the working
Germans, whisk they expected still further to bring to bear
when the canal and railway establldtments were finally con-
solidated.

There had been expended sines the let of July last year in
works, 318,4381. 175. 24. ; rails, &c., 81,1441. 85. ; stations,
70,8471. 13.. 3d, ; land, &e. 48,3241. 115. Id. ; lacomotive
stock, 37,1541. fts. ld. ; adages, &0., 35,9051.65. ld. ; the
total being 618,2501. ; and the total expenditure since the in-
corporation of the company, 2,497,2491 10s. 2d., baying a he-
lium. oloapital in hand of 91,1131. 7s. Bd. The arrears on the
fourth call have been jeseened upwards of 3000 shares since the
report was made up; and upon the fifth all 71,0701. remains
dne.—The railway account showed that the receipts
were 20,9741.6.. Id., and the balance of profit 11,1291.35. 2d.
—The net profit on the canal for the half-year has been
38,3871. 15s. 2d., the six months dividend due on these shares
amounted to 39,0001. Amount received in the shape of in-
terest 2,486195., leaving a net balance to be carried to the
credit of revenue of 11,9261. Os. 2d.
The CHAIRMAN said that the report before them was
what, in the opinion of the directors, a report should be : it
was a dry unvarnished statement, on which explanations
could hereafter be afforded, if necessary. The hon. chair-
men moved the adoption of the report, which was unani-
mously agreed to. Finally, a petition to parliament
was adopted for equalising the parochial rates on
lines of railway. At the conclusion of the business a vote of
thanks was unanimously passed to the chairman and board
of directors, and the entire proceedings of the meeting
passed off in a manner highly satisfactory.
CAMERON'S COALBROOI STEAM COAL, AND SWANSEA
AND Louonost.— Ordinary General lifeting. London,
Jan. 31.—Mr. N. P. Cameron in the chair. The chairman
read a brief report from the directors, whieb stated that the
present meeting had been convened with a special reference
to the company's railway, and that the only matter they had
to report to the shareholders was that they had lately pro-
cured from the commissioners for railways an extension of
two years' time, from August 1849, for the construction of
the railway. The report having been unanimously adopted,
the meeting se

EDINBURGH AND NORTHERN.—Extraoriiniry General
Meeting.—Edinburgh, Jan. 30.—John Balfour, Esq., of
Balbirnie, the chairman of the company, presided.
The CHAIRMAN hr/(11; adverted to the report, which has
been for some time published (and an abstract of which
appeared in this paper on the 22nd ult ), said, the meeting
would observe from the report that in the accounts of capital
the directors had omitted as ranch as was authorised to be
I raised by the several acts of parliament pined in 1848,
and with the exception of the deposit of 10,6771,
so much of the capital of the Oranton acts of
I 1847, as related to works the construction of which
the directors considered should for the present be de-
ferred The capital, with those omissions, amounted to
2,276.6221. As, however, it would require a capital of
2,605,0001. to complete the works, there was en excess of
expenditure of 328,3771. ; and as, in addition, there was a
sum of 221,0001. for unlined stock, calls, and arrears, which I
could not, in present circunistsnces, be made available, the
total sum to be provided for was 549,3771. He went into
some elaborate statements, to show that when compared with
other railways, the expenses on the Edinburgh and
Northern wen not so excessive as had been alleged.
With regard to the additional capital that will be required,
the report states that the directors have endeavoured to fix
• sum which, beyond liquidating the present obligations of
the company, can, with some degree of confidence, be named
as sufficient for the works they consider still to be indispen-
sable. They conceive it necessary to provide for the csn-
struetion of the three remaining miles of railway between
Cremates and Dunfermline, so as to effect • junction with
the Stirling and Dunfermline Railway at that town, and for
the completion of the works at Ferry-Port-on-Craig and
Broughty, so AB to afford the means of conveying the thorough
trafile =meths tiny, and of shipping minerals at the former
place." This was not the time at which it was necessary to
make any explanation with regard to the bills which they
had before parliament. With regard' to the expense
which had been incurred at the Tay Ferry, he understood
that some objections had been made that the directors had
incurred a greater amount of outlay than wu necessary.
They would recollect that the plans of the Tay Ferry were
to carry the works into deep water. They were circum-
scribed, however, by the Admiralty, land they were obliged
to bring the deep water into the works, instead of taking the
works into the deep water. This bad cost a great deal of ad-
ditional expense. It had not, as yet, he was glad to say,
exceeded the estimate. This was a part at which they
would not be justified in exposing the passengers to risk by
any temporary erection ; and, altogether, he thought the
expenditure had been completely justified. Although they
bad been disappointed in the amount which they had
been obliged to expend on the construction of the works,
they bad not been disappointed in regard to the resources
of the line. (Applause.) The traffic had already been
more than equal to all their expectations and calculations,
and although the statement given was in some degree con-
jectural, yet he might mention that three gentlemen taking
different data, had come nearly to the same result as to
the future revenue of the line. (Hear.) The shareholders
of course must judge for themselves; but the directors did
not hesitate about giving the figures at the conclusion of
the statement. The chairman then moved, in effect, that
the report should be approved of ; that, in order to complete
the undertaking, and to meet the liabilities incurred the
capital shall be increased 550,0001., by the creation of new
shares ; that the bill now submitted to authorise this increase
of capital be approved of; and that the same be intrcducl
in the next session of parliament. The extent and manner
in which this additional capital would be issued, would
'gain come under the consideration of the shareholders; but
it who necessary, is the meantime, that the report ehould be
approved of, Sad that these resolutions should be adopted.
(Applause )
Mr. Mowno said he appeared there on the part of a 0011-
thimble body of shareholders. He proceeded to the oon-
oonstderation of the directors' report; and moved an
amendment. which was in substance that the roper;
laid on the table was not complete and satisfactory,
and did not contain the information necessary
to enable the shareholders to come to a proper
decision on the question of raising additional capital
by the creation of preference stock ; that it be re-
mit ed to the directors to prepare a more ample and ex-
plicit statement, to be submitted along with the acetants for
the half year ending 31st January, to a spinal meeting, and
that the shareholders appoint a coalmine' to investigate the
affairs of the company, and report to the same meeting.
After a long and somewhat animated die' cession, partici-
pated in by Mr. E. Ellis*, jun., M.P., Mr. Kinnear, Dr.
ll'Farlane, &v., the meeting came to a vote on the menu of
the chairman, and the amendment of Mr. Menu; Mr. Gibson
having previously withdrawn his amendment, and Mr.
Moore having emitted that clause In his relative to the ap-
pointment eit'a etwamittee of shareholders to investigate the
affairs of the company. On the roll being called, the mo-
tion of the chairman was declared to be carried by a large
majority ; the numbers being 243 votes and 1.903 proxies
jporournxieesdforhaMyir4Msatonrofor's
amffouror et:lm°
dmen:ti:slit. R'TkohansudrcmTlingvotuthinmd ad°

MISCELLANEOUS NEWS. EAsT lANOAR/11111.
The connecting link of this line, between Cohn and
Burnley, is to be opened to-day. By this line a direct rail-
way oommunicatioo is opened from Leeds to Blackburn, and
all parts to the West and North of England and Scotland.
ball/NATIONAL RAILWAY ARILANGIUNTS.—To-day
the comprehensive arrangements just concluded between the
directors of the French and English railways, for accele-
rating and facilitating the communications between this
country and the continent come into operation. By them a
continuous transit will be established, not only from London-
bridge to Brussels and the Rhine, but, with the exception of
the short *ea parags from Felkstone to Boulogne, the n-
um train will be enabled to work its way to Warsaw.
These arrangements ere the result of treaties that
have been for some time in progress, but which
the absence of political peace upon the conti-
nent have hitherto tended I. retard. Yesterday
Mr. Macgregor, the chairman of the South Eastern Railway,
returned from the Continent, having completed on the part
of that company the indional arrangements. To-day,
also, in connexion with theM arrangements, the results of the
slangs of the recent Continental Railway Congress at
Boole* are brought to bear on the continental railway
traffic, by the operation of a treaty that has been concluded
between the delegates of the Prussian, French and Belgian
railways, for the general acceleration of the traffic and the
simplification of the customs dues, on their respective
and which tend to facilitate and augment their mutual com-
mercial relations, not only in matters of merchandise, bat
passenger transit. The result establish,' a grand route far
continental tour, by • perfect and concentrated stretch
of nil, and a concurrent harmony of working, and
by means of which Paris is approximated to London by
a journey of eleven hours, or by a ran of three hours less
than either Edinburgh or Dubin. The machinery for car-
rying out the measure is by two new daily services of express
trains from London-brake to Folkestone, whore passengen,
as is the cue at Holyhead, almost without pausing, will step
out of the train into the steanahoat, cross the channel in 1 i
hours, and then, by a canna d grande vitas., or express,
011 the Great Northern of France, proceed from Calais
on to Paris, Brussels, and other places by similarly
corresponding expromes. The time oocupied en rude to the
respective places will be nearly as follows, by express : from
Louden to Folkestone, 83 miles, 24 hours ; from Folkestone
to Boulogne, 26 miles, 2 hours ; from Boulogne to Paris, 170
miles 61 hours; or • total from London to Paris, 281 miles,
in 11 hours ; from Paris to Brussels, 231 miles, in 11 hours ;
from Paris to the Rhine, 529 miles, in 43 hours : from Paris
to Leilide, 757 miles, in 67 howl ; from Paris to Warsaw,
1,263 miles, in 114 hours.
HoLarnin RAILWATI.—The receipts of the Altona and
Rid line daring the month of December last (29,012 pas-
singers) were 67,922 marks ; those of the Glnekstadt and
Elmahorn (4,844 rs) 6,031 marks, and those of
Rendsburg and lieumiioster (8,260 passengers) 12,633
marks.
AlUrriltDAW AND AlSHElW.—Receipts for the year
1848 (881,076 pump») 689,230 florins, being 59,872
florins les than the receipts for year 1847.
Br A 2 awn Svarrne.—Reothe sipts for the month of Da
ember lut (23,052 penmen) 49,644 dialers, being 1.617 th
Mtge than 'Win the oonospondia; period of 1817.

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RAILWAY BILLS IN PARLIAMENT.
11171111M11 DISPOBZO Or IT IX/MINIM YESTIRDAY.
Before Mr. Bmirll.—Boom 23.