The Express.
London, England, 1868-02-27 00:00:00

THE AXPBESS;* TRUBSIXACTLEVEXING, :FIEBRIJASIn27; . 1868.

LATEST SPORTING INTELLIGENCE
AN EAELY GE INTO THE 1
LIVERPOOL

PUBLIC MEETINGS.—aIiIe 14041.7.4
SOUTH EASTERN EIILWAY.
The half-yearly meeting of the proprietors was
held at aeon, a$ the City Tsnoisus Hotel, thanan-stseet ;
Mr. WATIMI, M.P., is the chair.
The report, which was loud and published some time
ago, having been takes as read,
The °manumit mewed its adoption. Re said since the
railway was °posed they had carried more than 400,000,000
pmeengsre and more than 10,000,000 toss of goods.
The Tunbridge line, 24 miles loag, and in which 1,000,0001.
was invested, was at last partially open, and it would be
more completely opened is the ensuing week. The drain
on the capital account ciansed by its construction
was now steredin and. the inuplu property
would be sol over the Tunbridge
line he was extremely pl= at the rigidity of the
works ; but he regretted to say that though the line
was so _ valuable to the district accommodated

they had been met in many cams by obstruction,
and in some by extortion. The directors would
in furore obey the resolution of the shareholders that
until the whole line paid 5 per cent no more capital
should be expended ; and he would pledge himself that
be would never propose any new line which was not certain
to yield that rate of return. (Cheers.) Referring to the
782,0001. under the bead of capital which might yet be ex-
pended, be went on to state that as regarded the 340,0001.
for the Greenwich and Woolwich branch, the London.
Chatham and Dover Company baring failed to fulfill
their engagement, the necessary steps would be taken
for withdrawing. The Hl the and Sandwich Branch
might also be abandoned, and that would reduce the
780,0001. to 360,0001. As to branches generally, he re-
marked that in future the landowners mererned must find
the regal/Ito capital. (Cheers.) The revenue accounts did not
require any 'tuft( on his part. The auditors' report cer-
tified that all charges that ought to be made against the
revenue were made. (Hear, hear.) In the half year they
had earned R. 12s. 6d. per cent., but the directors only
recommended the declaration of 4 percent., in order that
the company might be in a thoroughly sound position
, with respect to the payment of interest on unproductive
capita. (Hear, hear.) Without admitting that In all
eases snob charges ought to be made against the
revenue, he thought that course was the best
one in the present instance. The figures published weekly
by the board idea,' enabled every proprietor to form a
correct opinion at the time with regard to the prospects. They
had no bill before parliament. They bad earned 80,0001.
more in gnus revenue than in the corresponding period
of the previous year, and spent 7,8001. less in earning it.
The result was owing partly to a rise in the fares,
partly to diminished cost of materials and partly to
earnings in various departments. The large increase of
traffic had been worked with about the mine amount of
train miles run as in the corresponding six months of 1866.
The public had been thoroughly served, but by resolutely
I working only as many trains as were actually requisite,
the 80,000/. of extra earnings was obtained without any
increase of train mileage. The working expenses, including
: renewals, were higher than those of other oompanies.
They had spent Is. lid. per train mile in that way, the
, lowest amount on any other line being 35. ; and yet
riheir profits rpm train mile were the highest.
He then alluded to the plant, with the view of showing
ts satisfactory position. The net return from the French
Exhibition was about =,OOO/., and without that exhibi-
I lion they would have bad a 4 per cent. dividend if
j the interest on unproductive works had not been
charged to revenue. The advantages of the exten-
sions were being rapidly developed. Adverting to
the question of signalling by 'passengers, the hoe.
gentleman read to the meeting returns of mumps of
' signalling in the last half-year, several of them being
" curiosity," and one the loss of a boy's cap ; and ob-
served that experience showed the necessity of caution
on the part of the government in dealing with that sub-
ject. Speaking of the relations of the company with other
companies in the south of England, he expressed his regret
• that the board had not been able to moue to an amicable
arrangement with the London and South-Western Com-
' parry, adding that the board were perfectly ready to
• leave the question in dispute to Mr. Minn,
the chairman of the London and North-Western
; Company, if the other company would withdraw the
I bill introduced by it this session, which formed
a new scandal In railway history. Since the
arrangement with the London and Brighton Rail-
way Company was entered into that company had
issued two half-yearly accounts on what might be
termed modern principles, and the result was to bring up
the working expellees from 10 to 68 or 70 per cent. (Hear.)
He bad, he mud, quite made up his mind that there
should be no mistake to the damage of either party. lie
therefore proposed a month ago to the joint committee a
system of revision which would prevent any injustice by
providing for an arbitration by Sir W. Erie. Mr. Laing had
assented to that proposal, and the bill would be amended
in accordance with it. The numbers of the joint com-
mittee were to be reduced to sight, the nomination of
the members of it was to be left to the proprietors, and
the qualification was to be increased beyond the present
amount of 2.0001. stook (Cheers.) The process under which
capital could be expended by the joint committee
would be rendered as difficult as possible. (Hear.) It
was proposed to admit the London, Chatham, and Dover
Company into the partnership, its net profits being added
to those of the South Eastern and the London and Brigh-
I ton Companies. In that case, however, it was considered
beet to have a judicial arbitration, and Sir William Erle,
the best man that meld have been selected, had accepted
the office of arbitrator. He did not agree with lord
Redaadale that the effect of this partnership would be to
diminish the accommodation of the public. What in-
tereat had the public in running two seta of trains and steam-
boats at the same moment? The great advantage to the
companies would be that a stop would be put to appeals to
parliement for bills, and to the action of those who had
lived upon their differences. He believed that it was for
the interest of all parties that the three contesting con-
cerns should be made co-operating. (Cheers.)
The Hon. J. Beim seconded the motion.
Mr. PAGAN, after expressing his confidence that no
injustice was intended towards the London and South
Western Company, said he hoped the chairman could
lay some new factebef ore the meeting in regard to the rela-
tive position of the two companies.
Mr. Anaite expressed his disapproval of the arrange-
meet with the London and Brighton Company.
ThOCHAIRSIAN observed that the agreement provided
for a thorough examination of the figures. and for a re-
vision, if considered desirable, next year. (Hear, hear.)
In reply to another remark of Mr. Adams,
The CHAIRMAN raid the company was not obliged to
lower its fares to Dover, and the board did not intend to
lower thorn one farthing. (Clears.)
Mr. ADRWR having again risen to speak, was met by
continuous noises, which made it impossible far him to
I
oored.
Ultimately it was formally put to the meeting by a
SHABEHOLDII whether it wished to hear Mr. Adams, and
only one hand being held up, the hon. proprietor resumed
his met. . _

Mr. iloarm err having risen to speak, and made some
remark to which Mr. Adams applied the word "false,"
The Cstauthas called upon Mr. Adams to apologise,
and said that if the expression were repeated he would
have the hon. proprietor removed from the room.
Mr. Mortruerr expressed satidaction at the reduction of
the temporary loans.
Mr. Pr vcnea thought the third clam fares throughout
the railway system were a little too low. The work*
classes, for whom third clam trains were designed, were
receiving increased wages, and could thereforeafford to
pay higher fares. That was the vital part of the traffic
question.
A SHARP:ROL] MR could not understand how the Loudoo
and South Western Company could silk parliament to
oompel the erection of a station for its Waterloo traffic by
the South Eastern Company, unless it was supposed that
there was some prior obligation to provide what was
desired._

The Cearansx replied that the parliamentary &Li-
gatioo set up by the South Western Company was that they
were bound to keep up • service between Waterloo station
and Cannonetinet, while the South Eastern board had
denied this any such obligation existed. The discon-
tinuance of the past arrangement arose from irregularity
in the running of the South Western trains. As regarded
third-class fates it should be remembered that they were
compelled to ran a certain number of trains at a penny a
mile. In the last half-year the Sunday excursion tragic
was entirely discontinued. He did not object to
povisien fee necessary railway traffic, on Han,
day, but it was no advantage to a company to awe
trains at low fares on Sunday, carrying what hadi often
degenerated into • mob, to the greet annoyance of the
Hastinp, Tunbridge Wells, and other pl
rChePles of
es.) In conclun .on, he appealed to the to
sanction the payment of 1001. a year for a ahnruh at AA-
ford, erect by voluntary contribution, for the use of the
company's workman.
The report was adopted.
A motion sanctioning the payment of 1006 a year for
the church at Ashford was also agreed to.
A dividend at the rate of 4 per sent. per annum was
declared.
_ _ _

On the motice of the CHAIRMAN, three proprieties were
appointed • essamittee to mist the board by mediating
with the London and South Western board is Mimi to
the dispute between the two mummies.
On the question of his roeleetba se a diroster.
The CHAIRMAN entered into an of his ao-
oeptanoe of the once of Missies d the Great anima
Railway, staling that be sempled the impel at the
of Lord Cranborne, that be had held ft soly fee r=
period, and that he would not remits any reisemmillem
The retiring directors having bees 110161•1114 the Po'
°endings terminated in the usual mercy

The Csareinst, In movies the adman' of the roger.,
maid that the dhreelen .a `dm
gt. in it in.
feemethm ma the nub** of their grefireriT•
!ea tx.tttptmiM es the the band, or
lon the ether, the dfillealties of their panties.
They glee • plain, thosenished, fall, and as
eranenellithest of the fano, so thee the Aare-
might be die to judge as yell as the board
of the present position and In prospects of the
eampug. The firth pert to whish be would refs.
was the keystone el their hopes, the sachet by which they
were to save the .hip, if reedit was to be—vhs., the none
received sad the oast at which that traMo was worked. As
regarded the general undmiaking there was hardly any
line in existence that might look for • larger
development of their traffic. (Beer, hear.) They bad
not only the Dome sale to nay open, bat • large meth
nental traffic. The Menepolitaa External= name was
likely to be greatly extended, so mush ao that if it went es
to increase as West fairly be expected, they would be
able to meet the demands of their creditors and debenture
holders, end Dave sennehieg over and above far division
the shareholders in a few years time. They
hoped for a eessiderable addition to their re-
value from the letting of their arches. Frees and
after the first of next month they would have
sixteen trains each way from this station to the Great
Northern sYstem. (Hear, hear.) It must be • spores of
satisfaction that not only the per wear
finished,
but that the actual expellees were dms •
this was not done by any cooking of capital,
for they had no capital to cook. (Laughter.) They laid
down sours steel rails, and these were charged to revenue.
With regard to the item of 5,0001. law and parliamentary
expenses for the last half-year, be hoped that it would not
amount to any suet sum in future. They eppointed a law
clerk, which he believed would led to • diminution of
law expenses. With regard to the raising of new capital,
they could not expect to raise it on any reasonable terms
till the question of priority was settled, and the hoard
bad turned their attention to this subject, which was •
most difficult one to deal with. He hoped a &onion
would be come to on this point before they next met. They
abstained from slluding to the disputes with the General
Credit and Imperial Mineentide Companies whilst legal
proceedings were going on. But the General Credit Com-
pany issued • circular which meet of them had repaired.
Hard words had been used against this company, but he
did sot think the statements put forward of the General
Credit much altered the facts of the ease.
The CN•ranan proceeded to slower seriatim the state-
ments made by the General Credit Compsny. Up to the
present time the cods in the nate pending amounted to
about 1,2004 The board had the greaten reluctance to
embark in this litigation, and to continue it. But it was
impossible for them to avoid it or to give it up till the
answers bad been given to their cross bill. (Hear, hear.)
After an albinos to the composition of the board, the
chairman moved the adoption of the report.
Mr. HILLIARD seconded the motion.
Mr. TRIMS expressed his satisfaction at the statement
of the chairman, and thought they were perfectly right in
filing their cross bilL Tho main line had been denuded
of 2,000,0004., and he hoped the law proceedings would
bring out the real facts of the thee. The increase of Yoffie
must be satisfactory to all, but it was to be observed that it
arose on the main line, and were it not for past mis-
management nobody would have any reason to Dimpled&
He was satisfied with the eneagement for the continental
traffic.

A SHAREHOLDER also exTrl his eatisfackion with the
chairman's statement, but that they would engage
in as little law as possible. e trusted that all (dames of
creditors would show fa/hearsaye till the question of
priority_was settled.
Mr. HAATRLDOE thought the directors were right in
dog the two gaits; and he expected great advantage
from the answers that must be mven to their bills; for
though some of the delinquents were only too well known
there might be other, who were not known at I'll He
went heartily with the board except in the matter of the
amalgamation. With regard to the question of priority,
they were all anxious that it should be decided. (Hear.)
Sir R. JRREDS asked what authority there was for
a Firuiar ionized under the name of Mr. Branderbiloore,

which denied stattineots made is; the report ?
Mr. Pawn made some suggestions with a clew of
enabling the shareholders to ascertain what was to be ap-
propriated to revenue and what to capital, and, in the case
of new undertakings, to be informed every half-year how
much money was expended and upon what works.
The CHAIMILN rephod to the several questions put to
him, after which the report was adopted.

SHARE MARKETS-{THIS DAY.)

pales to-day to 1 p.m.]

COLONIAL GOVERNMENT SECURITIES.
Canada Government, 5 per ant., January and July, 85.
New South Wales Government, 5 per amt., 1871-813,
January and July, 99i.
Do., 5 per cent., 1886-96, January and July,
Do., 5 per sent., redeemable by annual drawings from
1887.75, 100. .

4ueeemlied, 6 per cent., 1891, 103, j.
South Australian Government, 6 per cent., 1878 and
upwards, January and July, 108.
Victoria Government, 6 per cent., April sad October,
111 i.

ORDINARY SRA.RES AND STOCKS.
Caledonian, 87, 61, 71.
Great Eastern, 304.
Greet Northern, 1084.
London, Brighton, and Booth Coast, 461.
London, Chatham' and Dover, 141, I.
London and North Waatern, 1191, 201.
Midland, 1094, 10.
North Eastern—York, 981.
South Eastern, 741, 4.

PREFERENCE SHARES.
London and Brighton 5 per cent guar., No. 1, 102.

BRITISH POBB/6364 ORS.
Eastern Bengal, guaranteed 6 par sent, lac
Rest ladian Guaranteed 5 per mat., 109 a.
Great Radian Peninsula via. 6 per cent., 109.
Great Western of Oinads, 15f, i.
Melbourne and Hoblion's Bay United, 48j.
ballade, 1011.

FOREIGN RAILWAYS.
Bahia aad &a Francisco (Lim) gm. 7 par seat., 14g.
Great Imsembearc, W.
Lemberreammowits, gm. 7 per omit. (Lim.), 151.
Paris mid Oriems, 36g.

OBLIGATIONS.

Orel Vitae& Rail., gus:biltieilan govt.. 76i, i.

BRITISH MINES:

Marko viduy,
COLONIAL AND FORNIGN
Chontalea Gold aid Silver Niniag (Limited), 3.
Don Pedro, North del Hy, 2j ,
Peatarena ITnited Gold (Lim
Bt. John dal Rey )United), 18, Ilind),
,1 I.

JOINT STOCK GAMES.
Agsa (Limited) A, 101,
Anglo-Amtriao, 91.
English, Scottish, and Australian Chartered, In.
Imperial Ottoman, 9i.
Londe& mad Oeunty, 521.'
Loudon mad Westminster, 6&
Oriental Beak Corporation, 421.

Anglo-Americas Telemeph (LimitOCT) 194.
Auetralam Nora Lied and Mambos (limited), 415.16.
Breha Water Works (Liedled), 144.
City of Moscow Gael Limited), 94.
City Officee (Limited) 64.
Credit Feetder of Neitead (limited), 2 15-16. 3 1-16, 3.
9 per item Loan, 894, at 94.
Zitiffin'lniesties sad Oeital, pareatewi 6 per test. by
adios governmewt, 103 f.
11M wall litesbeld Lad tad Desk, 33.
Oriental Gee, (limited), 64.
Peafreoler sod Chien Steam 59,
Do. do. New, 1961, 6.
Vlearoy of Ngypt Morigsge) Lam, 4, 34.

MORE DISABTROCS FIRES. --(THIS DAY.LSAVA-
nd fires ocewud night and this morning, w were
attended with conddmoble low of property. Oue Are bap-
used on the premises belo to Yr. Jr. Wed, a whed-
wright, in buskin at 10, l-serzitewl West, Fortress-
square. The Are commenced in the factory, a bedding
of brick and timber, about 45 feet loft and 40 feat
wide. Owing to the combustible =hare of the
goods in the premises the Are 15x4 with noteQuin usual rapidity. Numerous seam, aid
mutual power engines promptly attended, t the dream
were unable to get the fire extinguished until the=
were gutted and the adjoining premises greatly
The loss will fall upon the Pbwelx Fin-offies. Another
are, owing to en explodes of gas, took plus iiialpt;e=
of M. C. Laporte, wardrobe dealer, No. 6,
Chelsea. The explosion blew out the windows, set the
goods in the shop in Eames, and severely Waned the re-
mainder of the premium. The sufferer wee issued in the
Westminster Fire-offica. • Are likewise took Was" in the
premiere Yr. Ireischonen, a jeweller, No. 9, Duke-
=nigeßloorsabary. The Anus quickly attuded, but
ales to the
deluge was due to lUsleek la trade sad
THa building before the die wu subtineL
Arnim To MIIIDAN AND Ron • Livrarcitu
lIINICHANT.—The polies have easeeeded beaP
Haan Julius, • young man ohs reeallieM
desk ia the UM et Mr. Aielphe Kited,
wise mardiest, ploy Water-eine* mad
who in @Urged with hang ma sosessery la the aderept
wide& was aide ea Wady ta mak, aad
I rah hie aaaber .by two dodo woad Wilma atid
Nesels. Actium's' iedurembies reselesd by the autho-
rities, Deteetiee-immestme W. Co.leia wenb.lM Ludes,
sad intellipnos wee essibsed yesiewialr !mss h° Ogisir
had &wavered wheee.Tookets was =Wing is that OW, /ad
led taken him into erseirdy. Cosabm was.s9 laws
last sight with his prisourt who WM ilowww, be
before the magistrates Sulky (Thazg. Need
eultlasse in a very presedur —adryssel
J. ....ivy
.1%11 ROTAL Hogel24
Com, Orrr-aoaw.-2'he West-
moat at this hospital during the paid woe& astimated to
1,101, of which 91 were new ousa.

MONEY MARKET.-(THIS DAY.)

ONE O'CLOCK.
The stock markets are quiet to-day, and prices
generally present no movement. There is still
little business, apart from that oonnected
with the fortnightly settlement, which will be
completed to-morrow. It is fully anticipated
that no failures will be announced in the Stock Ex-
change in connection with the final arrangement of
the account, notwithstanding some considerable
losses amongst the dealers, especially in Metropoli-
tan and Caledonian railway shares. Consols are
steady, at the improvement of yesterday. Railway
securities are firm, and a rise has occurred in
Caledonian, London and North Western, and Lan-
cashire and Yorkshire. Most of the foreign bonds
are unaltered.

The discount market is quiet; but there is no
disposition to take the best bills below il to } per
cent. In the Stock Exchange the demand for
money is moderate, and loans are offered at 1 per
cent.

Consols are quoted 93} to } for money and the
account (March 5), and the Three per Cents. Re-
duced and New Three per Cents., 93} to }.
Home railway docks are inquired for and show
firmness. Caledonian is in good demand,
and has risen par cent., the present
price being 86 to 1. London and North Western
and Lancashire and Yorkshire have advanced
} to }—viz, to 1991 to 1 and 130 to }, reepec
tively. Great Western is quoted 45} to 46} ;
Midland, 109 to }, showing an improve-
ment of ; Great Eastern, 29} to 30} ;
Brighton, 46} to ; South Eastern, 744
to 4, being } lower ; Metropolitan, 113}
to 4—a decline of } ; Great Northern A, 109} to
; London, Chatham, and Dover, 19 to } ; York
and North Midland, 96} to ; Berwick, 1054 to
106} ; and North British, 35 to }.
_ . _

The foreign stock market is active. Italian Bonds
of 1861 are / per cent. better, at 45} to 46, but
Russian of 1866 and the Viceroy of Egypt's Loan
have declined }—the former to 87 to 88, and the
latter to 7n to 741. Brazilian of 1866 are at 73}
to 74} ; Chili= of 1867, 87} to 88} ; Egyptian of
1864, 87 to 88 ; Mexican, 16} to ; Peruvian
of 1865, 76 to } ; Spanish New Three per Cents.,
36} to ; Turkish of 1858, 62} to 63} ; ditto of
1862, 61 to 62 ; and ditto of 1865, 33} to 341.
Indian government stocks have changed hands
to a fair extent. The Five per Cents. are at 112
to f ; the Four, 101} to 102 i, being / per cent.
lower ; the bonds, 335. to 38s. prem. ; and the
Five per Cent. Debentures, 105 to }. Bank Stock,
249 to 251, and Exchequer Bills, 10s. to 15s.
prem., showing a fresh decline of 25.
The market for Indian and Canadian lines is
quiet. East Indian, 100} to 110 ; Great Indian
Peninsula, 109 to } ; Grand Trunk of Canada, 15i
to 16 ; and Great Western, 154 to 4.
United States 5.20 Bonds are inquired for, and
have advanced } per cent., viz., to 71} to } ;
Illinois Central Railway shares, are } higher, at
881 to ; but Erie have declined 1, viz., to 443
to 444.

Bank shares are without variation of import-
ance. London and Westminster are at 67} to
68} ; Union of London, 33} to 34} ; Anglo-Austrian,
31 to 4 prem., being 2a. Gd. lower ; London and
Brazilian, 33 to 31 dia. ; Imperial Ottoman, 1 to
1 dia. ; and Consolidated, >1 to „ prem.
Financial shares are quoted as follows : Gene-
ral Credit, 24 to } dia. ; Credit Fonder,
71 to 61 dis. ; International Financial, 2.4 to 14
dia. ; and London, 24 to 23 dia.
A few transactions have been recorded in mis-
cellaneous shares. National Discount, 6 to }
prem. ; Hudson's Bay, 14} to 4, being 2s. Gd.
better ; Egyptian Trading, 41 to 1 dia. ; Telegraph
Construction, 12} to 13} ; Atlantic Telegraph Eight
per Cent. preference, 5 to 1, showing a trilling
recovery ; and Anglo-American, 191 to 1.
The advice, from Wolverhampton announce the
failure of Mr. John Jones, coke and iron master,
of Walsall and Netherton, with liabilities supposed
to reach a large total.
A meeting of the holders of Mosquito Land
securities will be held on the 4th of March " to
receive the report of the committee formed at the
meeting held at the London Tavern in October
last."

A petition for the winding up of the General
Provident Aasurance Company (Limited) is to be
heard before Vice-Chancellor Mali= on the 6th of
March.
At the annual meeting of the London and South-
wark Inauranoe Corporation, a dividend of 5 per
cent. was declared.

HALF-PAST ONE O'CLOCK.

The markets for public securities are generally
flatter. Consols are heavy, and have declined i per
oent., viz., to 92j to 93. Railway stocks have re-
ceded I to I, and the speculative foreign bonds, I
to I.

POUR O'CLOCK.

Consols remain heavy, at the above-mentioned
fall, the present price being 921 to 93, for money
and the account. The reduction is stated to have
been caused by some large sales by several Hebrew
firms.

Railway stocks show a fresh decline of I to 1
per cent. Caledonian is at 844 to 85 ; Metro
polite's, 1121 to 118 ; Midland, 108 j to 109 k ;
Lanamhire and Yorkshire, 1291; to 130 ; Dighton,
46 to 1 ; South Western, 73.1 to 741 ; and London
and Worth Western, 119. to 11.
The foreign stock market has experienced a fresh
decline. Italian of 1861 are at 44 to 4 ; New
Spanish Three per Cents., 36; to 36 ; and Portu-
guese scrip, I so i prem.
About 11,000 sovereigns have been taken from
the Beak for Egypt. The demand for money at
that establishment has increased.

At Parts this morning the Three per Cent.
Rentes opened at 69fr. 30c. for the account,
showing a decline of 1-16 per cent.
The following relates to the New Granada debt :
News. Baring Bream sad Os lave this day received
the %Dewing revittaaese ea swat of New Granada
&withal", via.:—Frau ardear-beese of Seals Warta,
4,330 t„;
a ditto Bareargaina, MOM Telal,
wealmtes
agent t Manta Karla writes that him
have been brit bat far the ararelly of NM, as he led
stlll aboat 20,41111delaia head. Helms covey earfdeaae Met
during tbe lima a sosammessud wM beards
towbeAr
cadgys,tag el Men= frees the
be Itglaria;wAbrelds agar
fattens ars r=trig law to 'Meet the wink aaseasi
within the asst feet .will,—Loorkia, Pa.

The mail from Guayaquil has brought a remit-
tance of 9651. 7s. Ild. on account of the dividends
on the'debt of Ecuador.
About 20,0001 in bar gold for the continent and
71,000 sovereigns for Alexandria were taken from
theliankyeekarday ; but7,ooo sovereigns from South
Amnia wan sent in. The remittance to FcrO
is understood to be in payment for cotton.
import end export operations since the date of the
last return have resulted in a withdrawal, on
balsams, of 103,0001. The demand for gold for the
tealimiat is not active, but further moderate
/Moab may be taken from the Bank, in the ab-
mom of supplies from Australia and America.
Additional withdrawals of sovereigns for Egypt
i are also expected.

At the meeting yaslerdap of the Seeilliampton
Dock Company, the net revenue for the half-year
was Meted at 9,422 L, and a dividend was declared
for
be forward.
that riod of 2} par met., leaving 1,467/. to
The half-yearly meeting of the Surrey Coo-
sowers' Goo Company is convened for the 9th of
April, when a dividend is to be declared-
-The annual meeting of the Canadian Land sod
Emigration Company (Limited) is called for the
4th of March.

The half-yearly meeting of the Cambrian Rail-
ways Company, fixed for the 29th instant, at
Oswostry, is to be held pro forma only, and ad-
journed to the 28th of March.
The preparations yesterday for to-morrow's set-
tlement in the railway market showed that
regardsti
the outstanding speculation for the fall as
many stocks has been largely reduced, it is still
considerable, particularly in Caledonian, on which
as much as I per cent. " backwardation " (or
bonus for the loan of stock) has been given. In this
instance it is understood that the scarcity is chiefly
caused by large withdrawals of stock for account of
a combination of buyers at Glasgow, and the
" names " to be passed to-day are looked for
with some interest as likely to show to what extent
these speculators have been able to induce the
banks to sustain them io their operations. The
" backwardation " on Metropolitan stook has dimi-
nished, and at one period scarcely any was quote&
Midland and Lancashire and Yorkshire stocks
were scarce for the settlement. The following
shows the terms on which the carrying-over was
generally conducted :
ILATZS OF COBTOVATIONB.

__—
Caledonian
Onset Kaman l.lO to i con. 2a. to Se coo.
Great Weaken .0.. 1-10 to cos. .... I to; coo.
Great Northern A lto eon. *toems.
London and Brighton
tondo° and North-Western even to con. .... back. to era
Leedom, Oust. and Dover la. tole 6d.cca... le. to la. ed. eau.
Lancashire sad Yorkshire Ito I back -1e to bask
Land. Muir., and Lincoln• even to cos.
Metropolitan -16 back .. 9-16 to 3-111 teat,
Midland
Dorms
Lbackblck to e cos.
Lasenebourg
United States 5.20 Bonds even to ad. coo_ en to 2p.e.
Grand Trunk of Canada
Groot Western of Canada 4d. to 9d. con Si. to 9d. cos.
By order of the Court of Chancery a cell of
IL se. per share is to be paid by the contributories
of the British Exchequer Life Assurance Company
by the sth of March.
• - - -

A petition for the winding up of the Ifollybuslt
Colliery and Coke Works Company (Limited) is to
be heard before the Master of the Rolls on the
7th March.