The Express.
London, England, 1850-08-17 00:00:00

COMMERCIAL 'trump:isms.

.4 hi; Tunes Ins
bus inn Is steno haw Or past wag • tM asks of raw footles
sal dilkisas Mee bone lure. Mk prises dhow a idles► wali tie
sassakin of saw lawabsy 0141114 iskeli at SA roam weansse
base AO* twined, mail • baker bealaws Ypaissly Wald for us
tet =beef tbe ars w grebes es sent bat Mae produce is
la kw way wf Webs; wbils tM sear ac' slaws. serail So
the suallard kited mime% is wry
Okale•--Absat MN bales be,, Mw sold at Ile leflowiteg gun-
tin 7.2 w. Y; • so 11.4 lisle ; Übsna,l.s
it:gersiw lknin to Is asked. The sleek as band
ettlel2lo Dasksi, sod as, ; ails Makes;
tSla=r-ft al: Thera.. Inn Dena upwards of %OM
alwast. ma airless are mow 7 kik ISc. to 7 ash.
IG :NNW seal; sorki. • lola 3s. Is • dab. kw
Wm& Wows sallawes dall as Mist ma be swap* talk
IhMert bony undo an
TM sew crop esaerted to be large and of noel quality,
isdaiWw an Ultima ; tke easels berilia road' =bawl is wry

--
affearc—Tea : Utile or. vattdai bas bees der be kis* Wee 11•111
Ger be; ths aniTAI el the sew seem% eaves hes denied
attendee ; eowoute et lie weeeses have .reedyrrlswl, sod =St
te Nikon we down Is bslk. The snubs bulky le reported to be
quil Mlire th• pevlses seam. sod • very MIR ie erptelett.
iluswidm advises Ina IAriANK with the Met al es-
Wreak Wewe the kwelin IllfftilSolll to set make, awl
op le se preeni sesest as Mime hes tea eawle ea their beets
weseis speak. the learbet: the tea ma see blessaieg sway ael
ye rowing tee seutswheset. whisk veld eke*? Is allotad avers&
aels barer the new ot int year.
Oren 01111•11kle is• the warket is very We, me ebb prises ilessatlett
tor reds as tweets orwedeeerstisee.
The qoastib, et RVIf is lee le swell, prim
paid Wet yew sat Wee tewereethe be thela
le emir, vets to.. there haft bees so laimetiers. the Balled
rewiewe et week ►beteg all is Wm handset me Misr. elm Mum le
Amp aim Ista.
A bop Wi wi vie dm AMA/ OA sob pre el Os am& Is
Weeembewses owl guipeenleve 'tames mod Wimple mita; bet the
APS Awl odds. lava pboabsi halm agendum. wlllll lathe h.
OPUS at AIM aulonstos wpm% will peke* kb very Imbed for
rue OM ft um. . _

Thengsig kia-SO bet aepired, exhibit an karma of Ws t,
ergo twirler Ist yew ; ester bereft erfteed to
oullea. glom% let Mel gloom of thg deseeiptiondbes not emir
onn'ennsemoien Geer Dinar
Osilbse brio of Lock tea the nous is very (riling; og greens
tree le elMe ddeleaey.
Tneseurn—Heibmd, tram ph le ft., Si. lea, hammy;V.
dobt.;
Inks,
No nosaleal
el Away, 66,111104. mII ; very Luis oaring. Eastdela COM. Assoy, per 4011., 4
rth
SHANGHAI. John 10.—Ihrozos.--Siaos last monthly
report theologise has Wendell,
oartle clutage pekes. so. will
there be say relied ropeorment ins and silk of the new orop
ate reightlerward. The wheat harvui In over ; the crop abuu-
dant, agi re tamers have twee Wombs In neither which enablet
Mat test= It. The growing et doe sad errs look well,
and a ploollki anon is an nog the large Wachs at ma-
autsettind pub b hest hands net the dhponnt• known to be at the
way. we go Sr entlineis any ondlobble dowse in prime though
the honinellus Y baba' or Is Fr for the Arnhem of pinnate
wallas doubt he Wm.
Carron Owora.--Of grey obletrus shout 40.000 piers were steel, at
sessiy re Mirror rates: WHOA, Wen, Me. bk.; 9 lbs. 10 oz.,
2 da.. Us._

Ority.—Two cusels Iron Bosky and four from Hong-Koss base
added to the ask SAS essls el Illebra and $2O of Patna sines the
llames skith al Mgt Os k
me
mln kat km were shout 410 chests of the
i M tis keit.
ksisrs.—Neil k hark sednisted at 4,700 chests; the
bievisst Mkt In Ibis whet 4 kno yews. Tacky (the 10k) this.
an amok* eapuee ellieleg See lissiSal denim se 3111, Ire&
Pat asa—ksk k tek 300 drib. Aleut the middle of
litay there en roe dlmsao me s law diem ede it 03 dole. to
300 for she sal Mt Mk, Os 344 kr mew; but this soon subsided, in
ecesequesse of the kg is kilns. The mean quotatioss arc otd
Patna 473 tisk. sew SOO dais. .

Er.roan.—Taa.-Abe etra ant le sot yet in the taunt,
none ankles at ewe ehrp et awn hare bean prrfented, Out
quantity la am small Os as minim upon. By rent month the
market sib ban
hota.—Tbe ww ern i; of a goad quality sad pleatilal. It la said
that the Cimicil IkaP wan wade frame contrast. at ISO do:a. for the
beet nape drains Ito. I sad is equal proportion. The pretest
rate ot amino. and the deans ht pricer, will aqd IS per cost. to
the rates at mini silk wee shipped rhea the market opened lent year.
Mat/OWL—Oa Lend, bills at G month.' eight, under credit..
4.. :O.; with daemons. n. Bed.; Ban port Mlle. to a anal, rain
. .

4e. *id. te le. W. thiladt•-:Beit boacosapair. wevuid Wli
base bees sold at 230 moos far WO dollars.

RAILWAY MEETINGS.

LONDON AND NORTH. WESTERN RAILWAY.

The usual half-yearly meeting of proprietors in the
above company was held yesterday at toes s'atioe, Ruston-
square, Ono. Casa OLTX, Eiq., M chairman of the
cum pan y, presiding.
The CHAIRMAN haviog alluded to the depression canoed
by the money aids of 1547 (consequent upon the railway
mania" of that year), and the for rapid appropriation of
capital to railway expenditure, without waiting Nee propor-
tionable growth of traffic, said the plentiful harvest of this
year would, it was hoped, coupled with other means of im-
provement, briag about • completion of what had already
auspiciously CooBlllo4oll,—a constant and fairly increasing
tfAILiC. With regard, the chairman weut on to say, to the
second canes, we have, sines the last meeting, opened
to your traffic several additional undertakings, but we can-
not as yet eciagratulate you that those nadertakiogs in their
present results hays produced an increase in your receipts
eorrespondiog to what the increased mileage would base
warranted you is expecting, • circumstance arising from the
_ - .
incresee it

.---- -- . .
other cause to laid' a have alluded, the too rapid , .... in oln estimating this improvement in the Milo it must not
the expenditure of capital in railway undertakings without be forgotten that during the half year jest soncluded the
reference to the graduat growth of the traffic of company has been subjected at various points to severe gam-
the country. We still, as regards our own accounts, petition, and that many of the lines calculated to draw off a
have to coagmedate you oa a considerable increase p neon of the traffic long ecj.yed by the London and North
in your tr flit (Hear, hear.) And we may further re• 'Western have been is fall operatioa. It might not neithe-
r gird it as a source of congratulation that the great increase sonably have been expected that with so large an addition to
k mileage distance has been obtained without any mate- the receipts, principally in merehaadise, and with an eddi.
rid increase in your expenditure. (Rear.) There are one tion of 43 miles to work, the expenses would have been pro-
se two foots connected with these accuses to which I must portionally increased ; but the continued efforts which have
tar a moment call your attention. In the first denomination imam made to Moe, the working expenses have produced
Of working espouse for this hall-year, as compared with the the desired result. The gross increase of charge over that of
Eirrone, the rate has been as 34 to 36 per cent. ; but it the corresponding period of 1849 is only 7,4571.; the Oct ad-
ir although we are fairly entitled to make that cam- ditional profit for the six months is. therefore, 69,7841. above
poison as between the two nalf-yeare, to say that is this that of the half year ending Attie 30, nth, The per mug,
mode of stating the working expenses there is a consider of disbursements to receipts is, exclusive of rates and taxes,
able fallacy involved. These accounts are made up pretty 33.99 against 35.90 in 1849, and inclusive of these item,,
mash in the way in which the Admiralty accounts of the 38.31 against 40.90 in 1849. Every necmary expenditure
government were made up under the old system for the has been incurred to maintain the property in the fullest of i•
stem-packet service, namely, by merely stating the actual ciency,and the directorskeep this importantpoint prominently
working expenses, without including anything for the return to view ; they hope, however, to hi enabled, cthsietently
of capital and interest on the sums expended on works and with tbie primary duty, to reduce still further the charges
material. If you will look into these accounts, you for working, although it must be remembered that each suc-
will perceive that a considerable item in receipts Moil,' retrenchment 1 leas margin for future saving,
censa from other companit s for the use of stock. The rate and it is now rather upon enlarged traffic, conducted without
of that item appears large in comparison with our own much thanes of expense, than to farther reduction in work-
expense'. but it most be remembered that the charge to ing charged', that the proprietors must depend for future meg-
them is the result of bargain, and that in such bargain the mutation of profits. With the view of stimulating the pas-
outlay of capital sad thereat is taken into consideration. meager traffic the directors have reduced the short farts on
There is also a very material question to be borne in miad various parts of the line, and in order to test the capabilities
respecting the very low figure at which the working ex- of the branch railways recently opened, and to develop, fl
beare put down, as compared with the rating. It must possible, the local traffic in the agricultural districts, they
be remembered that *CIO figures are pat down as between have by way of experiment made trial in some cases of ex-
ourselves as proprietors, and not as what we would charge wisely low fares, but it is too soon to make any definite
other companies, or what any mercantile man would think statement of the result.
it right to put down in a statement of neonate, bemuse " The directors have to report with reference to the path--
neither interest nor replacement of capital is included is suntary bills, of which drafts were laid before the last gene-
those Nuns. I am maxim to put this in as clear a ral meeting : That the bill promoted by the But and West
poiat of view as possible, berthas la various parts India Dock Railway Company has bosoms law, in terms
of the country complaints have been made against the rat- substantially the same as then submitted. The bill pro-
ing, and comparisons have been made between that and the noted by the Shropshire Union Company was brought into
working expenses. Therefore it is right the public should parliament, but, in consequence of the insertion of °hien
"mow that these expenses are not fairly stated, as between Mathis claims, it has as been thought advisable to pro-
tases and the company; when I say that they are as 34 per coed farther with the nuarure The bill promoted by the
kat etampared to 36 of former years, and that we ought to Chester and Holyhead Company paned through the House
add, cog vs do in the cam of bargains with other companies, of COMIDOWI, but a clause having been introduced is the
a WOW sum for inertia and replacement of capital. We ammittee of the House of Lords (similar to one introduced
bas ales been charged, sad sore especially the isdividual by the opponents in committee, bat rejected by the House of
tithe her now the homer of addressing you, with a certain Commons) at variants* with the letter and spirit of the
Mkt desire to keep °pea oar capital account. Now, I beg general sots for the regulation of railways, and unjust in its
to tenure you, that if you could take any step to remove application as respects tide company, your directors felt
from us the load of respeasibility which connects itself with reluctantly called upon to iatimat• to the board of the
this question, nothing would gave us greater pleasure than Chester sad H tlyhead Company that it would not be con-
that the capital account should be closed. (Cheers.) But Onset with their duty to mannered the proprietors of the
I fear that your kale cannot immediately be Undoes and North Western Company to enter into any
earned out. At the msaffat before last we closed engagement which might subject them to the operation of
the capital account se regarded motive power. Having the clause la quotation, and the bill has emequently
alluded to various other Magee and details touched arm ia been withdrawn by the Chester and Holyhead board. The
the report, the chairmen salli—With respect to the question abandonment of the measure will aeciesserily postpone se-
ethe 6 per cent. dividend Aim Me just to make one remark rangmeats, desirable in a public point of view, for per-
before I pass cm to another saltiest it appears to me right, (awing the mat direct and speedy rommankr;tion with
gentlemen, that you should know that, whatever may have behind. Your directors regret, but are la ►no way ro-
bust she difference of opiates is the board of direetors on a speneible for, this unfortaaate result. The South Std.
lamer 000ssioa with regard to that question, the fordeldre Company have obtained an act, empowering them
Ohm of the dividing proposed having been to lease their Use to cortsia private Individuals, and due
=by the prepeisgees, there has bees so este has been taken to protect the Interests of this oompsny.
non the suyeet k the board on this oeeeslea " The directors have the pleasure to report that their se-
=M)
_I ma/illl~llll WWI la the iatermaree whisk gotiations with the North Staffordshire Company have re-
il Ise missy inn re last monies sewage salted la a Vedic arrangement, by which the cloth's of that
Mike large pelpintak, whe, though they do not usually company are adjusted on terms mutually eadshictogy,
dew* ear liwouressius take oppertenities of ex- Ike Gnat Northern Railway was opened for traffic between
Crgtheir k /Mate, have ate, I heard but one, and London and Peterborough oa the 7th inst., and arrangements
atmearregratimilessny, with regard to the propriety of have been agreed to, eenestent with the fair Interests of all
Ike mem punned. (Cilmere.) In the next halt-year there parties. The hostile proceedings of the Shrewebery and Bir-
II ease against revenue an additional meant of interest, minghasa Company are still continued, and for theism object
bills =Mt of 80,0001., sad she rent payable to the Stour In whisk they originated, and in which they have been joined
• Line ; waking altogether 95,0001. extra to be paid by the ihsenrebury sal Chester Company. Experience and
eat el fOTIGIO—II very large ability. I will, however, now the meet deliberate euesideration of the qquestka has cos-
k ave the associate ; and, lobed, the report eaters into them lamed year direetore in their opinion that they gannet,
Nth math ',eater lea,* she. stead, that you might per- semblently with year
originallythese proposed to the Shrews-
511111ine. There ein We plots to whisk a gnat deal bury and Birmiuskagg ogggpagy,
to ofo.goof rates between
has been atnesbed mega la this room sad else- an pekes WWI gig gmegsige ofoo gg hare a line of
illisliall anode bet la Ike mueltthexed sworn railway. Thaw Wows, Ina must, have been
of loft (Kw, hear.) Glatioshlt you will boar Mem& The Mallen eitabibised with the Midland,
gre eat la die steeemet that in this room Laassebke sod Todsahha, lionthemer, Sheffield, and Ida-
I hove always sold that if raUway proprietors would but sieluehink mud saw aeongeska, have proved beaelethl to
de their duty, the had provided them with the all labweelmi, their eldest being a frieadly jaterektange
UMW of Assam and silkiest'', every wooant laid awl Seiko of twig at all Mate where the lines mew, sad
that
helm then that, thew wall have boss no seed of seek angaguesenle generally ea whilst affording the fullest
farther no
wawa suilL If the had essisimsdaslea ta the amid% will songs. os a dial.
waly obsess is the Moron esorairognes winch they ebbed aspens fa the working of the trellis. The Law
seiewhied, to eureka the powers while it had bees lauded maw and Carlisle Balmy esstsialies se realise the =pests.
Mat the! shoal awl whisk they aerwelly de peuess, noes eatertalaed by Wilf ditellielle what they adviesd yes
met Mr. Iliad there sesta be ssinselty to take an Interest he that laskilkidsgh bat UM=
la wedities the agurante if We eseepany down te the that the contrary le the kg as sigenis the nage
Wei liTioliture.igneellLn"rair- irat -17.1.-d e, nizi:..inzhic.„:4;.71,71.1...z.„"gd.."11.1,•iii.4-Nifftz:
4010 t: