The Express.
London, England, 1861-02-01 00:00:00

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WIMBLEDON AND CROYDON RAILWAY.
(THIS DAY.)
--•-

The half-yearly meeting of the Wimbledon and
Croydon Railway Company was held at one o'clock, 4
No. 4, Victoria-street, Westminster ; Yr. Raw in the
chair.

The ordioary business was soon disposed of. A dividend
of 4s. per share, being at the rate of 4 per cent. per annum,
was declared, but instead of being made payable
forthwith, as usual, it was announced that upon
this occasion the dividend warrants would be Wood
by the Brighton Railway Company, under the t
lately made with this company, and they would not be lamed
till the 6th inst. The chairman further stated
that until the proposed arrangement for transferring
the whole property and management of this line to
the Brighton Company, should be canted into effect, it
would be necesmry to maintain the official staff of this com-
pany. The two retiring directors, namely, the chairman
(hiinselo and Mr. J. D. Lowden, were therefore re-elected ;
and Mr. G. W. Home was re-elected as an auditor.

The was then made special, to consider • propo-
sition made the London, Brighton, and South (toast
Oomputy to purchase the Wimbledon and Croydon Rail-
way, as authorised by the act of parliament.
The CILLIRIIAN said about • month ago the board re-
calved a communication from the directors of the London
and Brighton Company, offering to give in exchange for
every tee shares of IW. each in the Wimbledon
and Croydon Railway 1001. of perpetual preference
stock in the London and Brighton Railway,
hearing four per cent. interest. The advantages of this
offer were that the rate of interest being the same, that body
would get rid of all office charges, would obtain • freehold in-
stead of a leasehold, secured on the whole of the London and
Brighton Railway, and would obtain in lieu of stock, which
was worth only 75 per cent. in the money market, stock
which stood at about 93 per cent.
A resolution for the acceptance of this offer was carried
unanimously, and the meeting terminated in the usual
manner.

THE ACCIDENTS OP THE SOUTH-WESTERN AHD
Soirria•Cosim RAILWATB.—The injuries sustained by Cap-
tain Jack H. Murray, R.N. on the occasion of the accident
between the Wimbledon and Malden static's, have proved
to be of not quite so serious • nature as had been at MU an.
ticipatod, the spine not having been so severely int
es =
was feared on the sufferer's arrival home at Sou
Yesterday be was prooounced to be progressing
favourably, but he cannot be pronounced out of danger
Captain Murray was seated is the same compartment of the
carnage with Dr. Italy. The gentleman referred to in
our report of yesterday as "Mr. Taylor" is • " Mr.
Turner," the senior partner in • highly respect-
able linendrapery firm at Porter. The account of
the collision at Fort-bridge, on the South Coast line,
stated that the collision " was happily unattended with
serious consequences." On the contrary. Moore, the ward
of the up train, was so severely injured about the head that
no hopes were entertained at first of his recovery. He was
removed to the Ford Hotel, and yesterday morning was
stated to be slightly better. The fireman of the same train,
Oliver, was very much crushed, and now lies at Portsmouth
is • very dangerous state. Peckham, the driver, was
severely shaken only, and was conveyed back to Portsmouth.
One of the pousengera, • soldier, was cut over the eye, but
proceeded cos his journey. An accident of • similar nature
took place sear the same spot some years since.
A C'aliZti SAVED FROM DROWNING AT FoliMerOffff.
—A very generous and noble act wu witnessed several
days ego, on one of the Williamsburgh ferryboats,
which is worthy of record. About 6 o'clock • little boy
is steppesg from the bridge accidentally fell into the
water. The child was carried out by the currest mused
Vote motion of the paddles, the captain having revelled
sad auk. No person seemed confident monk to
undertake the resew A gentleman seeing what was the
wither, threw off his cost, and plunged into the water
without • moment's hesitation. The child had come up,
and sow sank for the second time, and when the
swimmer got out far enough, was out of sight. Ms
instantly dived, sodafter • brief iuterval, rose to the
surface, with the boy in his arms. The child
grasped
the arm of the swimmer with • deadly clutch.gedey
were hauled out of the water together. Measures were
Sikes to resuscitate the child, which was effected by the
time the boat arrived at Williamsburgh, and the rescuer
quietly went his way home, • gentleman
.lending him an
overcoat without inquinug his name, saying he was not
afraid that the coat would not be returned. The'came of the
brave rescuer was Richard Marsh, • merchant in William-
stmet, son of Mr. Richard Marsh, Victoria-grove, Folkestone.
—Year Herald.

•

•
MONEY Mißks7.--(THIS DA 1

Two o'CLocw.

The funds to-day are again firmer. Afresh
improvement of I per cent. has taken place. The
appearance of the market is quiet, but steady.
British railway stocks, in most instances, exhibit a
fresh advance. Grand Trunk of Canada Railway
stock is likewise better. The stock markets may
be said to show general firmness.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Restos opened at
67fr. 960., being bc. lower than yesterday.
The Indian Five per Cent. stock has been dealt
in at 99 to 94.

A serious fall has taken place to-day in the
shares of the Red Sea and India Telegraph Com-
pany, in consequence of the publication of the
directors' report. Transactions are officially re-
ported in the Stock Exchange at 14, 14}, and 18.
Consols are officially marked 914, I, 92, and
911 for money, and 914 and 92 for the account.
The present quotations are 914 to 92 for money,
and 92, " buyers," for the 7th of February.
The official business report is as follows :—Three
per Cent.. Reduced. 914, ; New Three per Cents.,
911, ; India Five per Cent. Stock, 1859, 991, 99 ;
ditto Four per Cent. Debentures, 1858, 951 ;
ditto, 1859, 954 ; ditto Bonds, 17s. dis. ; Five per
Cent "aniseed" rupee paper, 94 ; Exchequer
Bills, 7a., dia.

The foreign stock market is rather quiet, but
prices are steady. Yesterday's rise in Mexican
Ronda is well supported. The Turkish Loan of
1858 shows a fresh improvement of per
cent., being quoted 584 to 57. The loan of 1854
is steady, at 704 to 2. Sales are recorded as fol-
lows :—Brazilian Five per Cents., 1839 and 1859,
984 ; :Buenos Ayres Six per Cents., for account,
934 ; Mexican Three per Cents., for account, 232,
4; Russian Four-and-a-Half per Cents.,
914 ; Spanish Passive, 175, 5, ; Turkish Six per
Cents., 1854, for account, 704 ; ditto Six per Cents.,
1858, 505 ; ditto for account, 565, 57 ; ditto Gua-
ranteed Four per Cents., 100, ex div. ; Venezuela
Three per Cents., for account, 21.
In the discount market some stringency con-
tinues to prevail, and the best bills are not taken
below 65 to 7 per cent. At the Bank of England
the applications are steady, but not by any means
of a pressing character. The bills due in the first
week in February are now being prepared for.
In the Stock Exchange the rate for short loans
on English government securities yesterday was 54
to 8 per cent. _ _ _

About 100,0001. in Australian refined gold was
sent into the Bank yesterday. The Tasmanian, from
the West Indies, has brought 234,000/. in silver
and 21,0001. in gold ; and the Bremen, from New
York, 4,230 L in specie.
The Liverpool cotton market yesterday was
steadier. The sales comprised 8,000 bales.
Advices from Lyons mention the stoppage of Mr.
G. Armand, silk merchant, with liabilities to the
amount of about 80,0001. This failure, which will
not affect houses here, has occurred through heavy
losses, principally in Italian silk, in which a consi-
derable fall has taken place lately.
It is announced that the outstanding liabilities
of Hewn. Hoare, Buxton, and Co., who suspended
on the 17th Nov., 1867, are to be paid in full. The
Berets of the firm being insufficient for the pur-
pose, the partners have made an arrangement
awt from the estate, which enables them to pay
the whole of the remaining balance.
It may be useful to state that Messrs. Thomas
and Robot Lunham, bacon curers, of Dublin,
whose names appear in the Gazette of the 29th, are
Lin no way connected with the house of James uu-
ham and ,Co. of 231, High-street, Borough.
The Lords Justices have reversed the deci-
sion of the Commissioner in Bankruptcy, in the
case of Mr. Mortimer°, tanner, of Andover. The
winding up will therefore take place under the
Private Arrangement Act, instead of in the open
court. Although the former course had met with
the concurrence of nine-tenths of the creditors, who

signified their acceptance of a composition of 10s, in
the pound, the commissioner had ruled that it could
not be permitted, his belief being that Mr. Morti-
more was aware of his own insolvency as far back
as 1857.

The commercial public will receive with satisfac-
tion the announcement of a considerable reduction
in the rates for telegrams to the Continent by the
Submarine Telegraph Company.
The directors of the Red Sea Telegraph Company
have issued their report, to be submitted at the
meeting on the 15th February. Considerable im-
portance attaches to this document. The directors
have just received a letter from the Treasury, from
which it appears that her Majesty's government
have come to the following decision :
1. That they are not prepared to anthorise the issue of
money for a dividend, which they are advised by the law
(Akers of the crown that they have no authority to pay.
2. That they nevertheless consider that, according to the
view bald in common by parliament and by all the parties,
the liability to pay the guaranteed interest was not to be
absolutely dependent upon the continued working of the
line, and that they intend upon the opening of the session
to submit a bill to parliament to give effect to the under-
standing with which the act was passed, and after the
second reading of such bill to propose that it should be
referred los select committee. Under these circumstances,
my lards ass give so directions at present with regard to
the payment of a dividend.
. . .

This matter will doubtless give rise to a great
deal of discussion. It is not to be imagined for a
moment that any measure short of full justice will
be dealt out to a company which has expended a
large amount of capital under a specific agreement
with the British government of a nature virtually
tantamount to a guarantee.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 1,540/. ; the
Manchester, Sheffield, and Lincolnshire an increase
of 59/. ; the Midland an increase of 2,3271. • the Gr
eat
Northern North astern an increase of 8201. ; the
Northern an increase of 7931. ; and the Great
Western an increase of 1,1051.

All the standing order; of parliament with refe-
rence to the }lull West Dock Company's Bill have
been duly complied with.
The position of the market for American
securities is described ea follows by Mesars. D.
Bell, Son, and Co. :

The business in American securities during the part week
has been very much confined to the Federal Five per Cent.
Bonds, and in these then have been numerous transactions
at prioss varying from $4 to 87. . . .

The Crystal Palaoe has arrived from China with
439,1001 be. of tea and 648 bales of silk.

THURSDAY Evans.
Consols, which closed yesterday at tai to i for
the 7th Feb., opened and closed to-day at 91i to 92.
For money the last price was 911 to i. The official
business report is as follows : —Three per Cent.
Consols for money, 91i, i, 3 ; ditto for account
(Feb. 7), 911, 92, 91/ ; Three per Cent. Reduced,
913, 3 ; New Three per Cents., 911, 3, I, 3 ; Bank
Stock, 232} ; India Stock, for account, 217 ; ditto
Five per Cent. Stock, 1859, 99i, 99 ; ditto for
account, 991 ; ditto Four per Cent. Debentures,
1868, sol ; ditto Bonds, 205., 125., 18s. dia. ;
Five-and-a-Half per Cent. " enlaced " rupee
paper, 100.
For the 7th of March the closing price of Consols
was 92f, the " continuation " being I to 5-16 per
cent.

The Indian Five per Cent. stock was dealt in at
'99 to 994.
The Five per Cent. rupee paper was quoted 831
to 941; the Five•and-a-Half per Cent., 94 to
1001 ; and Exchequer Bills, 7s. to 3s. dis. India
Bonds were decidedly heavy. Transactions are re-
corded at 12s. to 2(h. die.

In the foreign stock market the principal feature
was • fresh rise of Ito per cent. in Mexican Bonds,
which closed at 231 to I. Turkish Bonds were
decidedly firmer, and rose to • per cent. :
the issue of 1864 left off at 701 to and that
of 1868 at 54 to I. Other foreign stocks were
steady.

Bank shares to day were generally firm. la
several instance. prices were quoted ez the divi-
dend. Londou and County and London and
Westminster Sauk were inquired for, whilst Bank
of Australasia were rather flatter. There were
inquiries for Crystal Palace and Royal Mail Steam
shares. Great Ship remain quoted be. 3d. to
ba. 9d.

Canada Government Five per Cents. and Vie-
toria Six per Cents, were in better demand today.
The closing quotation for shares in new under-
takings to-day were as follow :—Ocean Marine In-
surance, 3# to K prem. ; Thames and Mersey
Marine, 1 9-16 to a prem. ; Universal Marine In-
surance, 1 9-16 to prem. ; London and Provin-
cial Marine, 1-16 to 3-16 prem. ; East India Irri-
gation, # to ; East India and London Ship.
ping, to I prom. ; and India Cotton, #to 1 Preto.