The Express.
London, England, 1867-06-04 00:00:00

PROVINCIAL SHARE MARKETS.

LIVERPOOL, Joel 3.-Bake eadar: Caledonian, 11:1—Great
Eastern, 331 1 i2l 31 1 I—Great Western, 46—Lauca-
shire and Yorkshire, 1201 o—Loodon, Btlffhtoll and South
Coast, 61 1 I—tendon and North Western, 1161 111 16 151 161 1
1 1 - Manchaffer, Sheffield. and Llocobashlre, 48 8 I—Metro-
pd n, 12A1 6411—Midland, 1141 1 1 1 14 15 I—North
British, 641—South Easters, 681 4 / 4—Buffalo and Lake
Huron, 41--Orend Trunk of thoada, 181 4—Great West-
ern of Canada, 161 7-16 1 9-10—Scinde, Delhi, 103—
Erie, 40 1 I—Uulted States 6.20, 1862, 73—Dutch Rhenith, paid
up, 0.---Great Luretnbourg shares, 12c 12 1-161 1-16 1--ConsoU.
dated Bank (Lurked% new, 1 pV—North Western Bank (Limitedi,
1 d— Maritime Iwinronee ). 111-111 d. —Queen humane*,
3-16 —Mersey Steel and Iron ;Limited'. 6 d.—National Steam
(limited`, 17 d.—ltancorn Soap and Alldll (Limited% par.
MILICMISTII, Jeer 3.—The market was Oat, but there was a
good haloes'. Anglo-American Telegraph (Limited', 18At-
Matte Telegraph Preference 8 pw Cent.. 90—Cossoffdated Bank
New, 1546 p.—Eries, 461 4--Oreat Eastern, 1134 3 21 6 1 1 1
1 1 I—Oreed Lawathourg, 121—Orest Northern A, 114}1 1 14
gt:l 116 11—Graud Trunk of Canada, 161 I—Great Western
416444 76—Lancaahlre and Yorkshire. 1281 1 4
don and Caledonia Marine Insurance Limited', 41 d.
London and North Western, 1164 # le —Manchester,
Sheffield, and Lincolnshire. 461 8 1 —ll 103
111516161612111761761717 1164 114 1 1
15 4—Ditto New Convertible £22 shame, # It—North British,
341 e e--Elouth Esstaro, 681 8141 1 I—tialted States 5-20
Years ' Yea Bonds, 731—Loudon sad tom, 62 11 1 I—Birken-
, head, 87.
lIIRMINGILIN, you 3.—Budneas done: South Staffordshire
Railway, at 84 per share. Closing prices Great Western Hallway
Stour t alley Guaranteed, 71 sellers; ditto Birmingham Gauen-
teed 31 /Per cent.. C. 4, to 611: ditto Preference, 6 per Mit., 110
sellers . Staffordshire and Worcestershire Canal, 296 buyers:
Birmingham Joint Stock Bank (Limited% 31 buyers ;
UQming-
ham Financial Limited% 11 to 11 dlr. • Birmingham New (Talon
Mill. 21 to 21 British and Foreign Railway Plant limited', 101
to 9 dls., and Patent Shaft and Axletree ( 'exited, 1 pm. buyers.

SINOULAR ACCIDENT TO • PAMIR:VIER TRAIN—
On Sunday night as the last train from Welsbpool neared
Hauwood, on its journey to Shrewsbury, the driver per.
eeived four borers quietly trotting down the track, about
three hundred yards ahead of the engine. He turned on
the whistle, and otherwise tried to frighten them off the
rails, but without effect, and as the train had got too near
to be pulled up with safety, there was no other course
open than to go on at full speed. This was done, and the
buffer of the engine striking one of the horses full in the
body literally cut it in two, the train passing on with a
shock which was scarcely perceptible in the hindermost
carriages. A portion of the body of the unfortunate horse,
however, being left on the milk threw off the leading
wheels of a third-clas. oarriage, which was dragged along
in this condition for about two hurdred yards, when the
accident was perceived and the train Mopped. Consider-
able alarm was created among the pareogers by the occur.
renoe, but the consequences to t em were limited to the
inconvenience of having to wait half an hour whilst the
carriage was replaced on the rails.
Gout) Naive. —Some speculative and enterprising
capitalists at the West-end are about to originate a new
cab company, for the purpose of supplying a want which
has been long felt— via., a substitution of light, and even
elegant vehicles, for the heavy, dismal, and in nine cases out
of ten, dirty vehicles at present used as hack carriages.
The company intend to let both cabs sad horses to their
drivers at the smallest possible amount of hire, and upon
the good old principle of " live and let live." The men
employed are to wear the livery of the new company,
which, however, is to be confined on simple suit of black
or blue cloth, with a plain, narrow gold band round the
hat. The carriages themselves are to resemble private
brougluims, and the hiring and driving of them will be
entrusted to men of sober and tried character only.—The
Whilk

1 ath Erlttlitatart.
EQUITY COURTS.-,JuNE 3.
(Before the Muter of the Rolle.)

IN RE THE SWIM= ORDNANCE COMPANY. -NEEDILAH'S

In this matter it appeared that Mr. Needham, who had
been a shareholder in the concern, bad failed to pay some
calls made upon his shares ; and they were therefore duly
declared forfeited by the directors of the company. It
was now in the course of being wound up by the court
and the official liquidators sought to make Mr. Needham
a contributory, and to recover in the winding up the un-
paid calls due from him.
Mr. Raggallay, Q.C., and Mr. J. N. Higgins appeared
for the official liquidator.
Mr. Jewel, Q.C., and Mr. Martineau, for Mr. Needham,
said the questions involved in this application were most
important. The case itself was a representative one ; and
the points were first, whether the amount due for the un-
paid ral.ls could be recovered in the winding up ; or, whe-
ther Mr. Needham was not simply a debtor to the con-
cern; and whether, therefore, the official liquidator must
not sue for them at law. Secondly, whether, inasmuch as
the forfeiture of the shares was in fact an extinguishment
of them, Mr. Needham could be in any sense a contribu-
tory in respect of them. The questions were quite new,
and of the greatest consequence. At all events Mr.
Needham could not be now put on the list of
" past members " of the company, for that list
could not be settled till it bad been ascertained
whether the list of present contributories were able to pay
all that was wanted for the liabilities of the winding up—
a result which was not yet known.
Lord Hominy thought that with regard to the unpaid
calls the official liquidator must be left to his iemedy for
them by an action at law. His lordship said the inclina-
tion of his opinion was to hold that the shares were not so
extinguished by the forfeiture as to be for all purposes
gone ; but it was not necessary now to decide that no
doubt very important question, because, in his opinion,
the time for making up the list of past members
of the company bad not, for the reasons given, yet arrived.
It was clear that Mr. Needham could not be put on the
list of present contributories as a present member of the
company, and his lordship so decided reserving all fur-
ther consideration of Mr. Needham being liable to be put
on the list of past members, and to be made a contri-
butory as such, until it should have been duly ascertained
whether the list of present contributories comprised per.
sous capable of paying all that was required of them.

COURT OF COMMON PLEAS.—TUNE 3.
Sittings at Nisi Prins at Middlesex.—(Before Mr.
Justice Myles and a Common Jury.)
CHAPEL r. SNODIN.

The plaintiff was a young lady twenty years old ; she
was the daughter of a cab-owner living in Compton-street,
Brunswick-square, and she earned her living by teaching
music. Oa en evening in November last she was returning
home along Elm-street, Gray's-inn-road, and trod upon the
area grating opposite the house No. 11, and in consequence
of the grating being out of repair, her foot went through,
and her leg was seriously grated. She now claimed to re-
cover damages for the injury, and sought to make the
defendant liable upon the ground that he was a trustee,
having the legal estate of the property in him, and was
bound to see that the grating was in repair. Another
circumstance in the case was that the defendant was not
himself in occupation of the premises, which were let to a
tenant from year to year.
Mr. Campbell Forster appeared for the plaintiff ; and
Mr. J. J. Powell, Q.C., and Mr. Lewis for the defendant.
The principal question in the canoe was whether the de-
fendant or the tenant was liable, and this question was re-
served for the oonsi.leration of the full court ; and the
jury found for the plaintiff—damages 201.

COURT OF BANKRUPTCY.--Jvitz 3.
(Before Mr. Commissioner Goo!bum.)
IN NE W. P. FIANCE.

The bankrupt was described as a contractor, of Bridge-
street, Paddington. This was an adjourned sitting for
discharge. The liabilities are upwards of 33,0001.; assets
realised 1,7871. _ _ _

Mr. Reed opposed for the usignees. Shortly before the
failure the bankrupt had a surplus of 7,000/. ; ho had since
parted with nearly the whole of his property to different
creditors. relatives, and others; and the. assignee had been
plunged into a sea -if litigation in order to recover back
some of the property, in which he had been partially suc-
cessful. The bankrupt's proper business was that of
timber merchant and manufacturer of railway keys, but
he had chosen to enter into 'peculations known as the
Hook of Holland Railway and the Dutch Tramway
Company, and in connexion with these he had given ac-
commodation bills to persons named Rose and Rouse, to
upwards of 9,000/. He was opposed on the ground of con-
tracting debts without probable means of payment, and
trading on fictitious capital. lie had kept accounts at
two banks, and by constantly drawing small sums out of
one, and paying them into the other, in fictitious names,
he contrived to keep up the appearance of being a men of
large capital. Only about six weeks before his failure he
bad purchased 2,200(. worth of timber, and had pledged it
for half its value.

Mr. Bagley urged, on behalf of the bankrupt, that be
WAS in possession of a valuable ooncession from the Dutch
government, for which 50.0001. had been offered ; but
owing to the state of the money market at that time the
negotiation unfortunately went off. The case had been
before the court twelve months. The bankrupt had been
in business twenty years without failure, and at the begin-
ning of 1865 he bad a capital of upwards of 7,0001.
His Honour reserved judgment.