The Northern Daily Times.
Liverpool, Merseyside, England, 1857-02-21 00:00:00

depending upon a general understanding difficult
to arrive at.
With regard to the rreiglit Market, Alessrs.
Goodliffe and gthart, of Loudon, in their valuable
circular, issued yesterday afternoon, says :--
We are still unable to quote any particular activity in
the Freight Market, yet at intervals daring the pest fort•
night we have bad more holiness passing ; the abundanes of
tonnage, however, now offering for employment soon satisfies
any special demand, and totally prealudQs improvement in
the general range of freights, Thera has been probably less
doing front the East Indies than any other quarter, for
notwithstanding the low rates so long prevalent the other
side, most owners prefer taking their chance to accepting
the rates now current in this market. From Calcutta we
are making Li for vessels over 600 tons, and £4 53 below -
this size; from London to Calcutta and back £5 5s is still
to be had, or £5 103 on the round with Salt from Liverpool
outward only from Liverpool we are offered 28s for pall
without oonsignnient, or 32s with sanie. The Moulmein
rate is firm, but We hare been unable to exceed £5 153,
and still want tonnage on the round from London
or Liverpool to Moulmein and back at £7. The
rate from Singapore is again lower, and we have
fixed with difficulty at £3 10s ; £3 7s 61 to £3 10s may
now be considered the rates. The Madras Vreight is
Lolerably firm at 4'3 15s, or from the Tyne and back at £5.
West India business has been very linnited, and. for Sugar
cargoes entirely re fricteo to vessels not over 250 to 300
tons; for these we are still Making 523 6d home from
Ellaannah, or 708 or: round from Wales, or 70s to 723 61
from Tyne. i'rom Porto Rico we still quote 47a 61, but
this rate is very difficult to be obtained, as the prospects of
the quantity to corns forward from this Island are far from
encouraging. In the South American trade we have bad
more doing, principally owing to cargoes of Salt being
rather more easily obtained, especially from Cadiz, and
we are now fixing from this Port or Cape de Yards to Rio
Grande at 27s 61 Salt, with Wet, Itides aek at
52s 61. From Bahia wa are oared 70; on the round
from Wales for vessels under 300 tons, but on the
same round to Pernambuco we now barely get 653.
We have again made 45s for Coffee in bags from
Rio J their° for small craft, and can also get 753 on
the round from Tyne or Wales, bat in both cases all the
options, especially that of the Mediterranean, are cs3ential.
From the Back Sea we have again opened business at 455,
with option of Azoff at 555, with lay days nest to count
prior to 30th June. L$ anabe, Freights are still lower, and
we have &iced with censiderible difficulty at Os per quarter
for firA class vetseli only, and we hear of 8a 61 having been
accepted. Charteriag from the United States is in an
exceedine, narrow compass: for New York we have closed
at 68 to U. K. or Continent, but the offers generally made
are now below this rate; fur outward cargoes tonnage is in
demand from Tyne to New York £2l Coals, £25 Goods ' •
Bo;ton £25 Goods, Philadelphia £26 Goods, Salem £2l
Coals, &e., and from Wales to New York Iron 27s 6d,
Norfo'k 255, Charleston S. C. 24e, Now Orleans 255, &e.,
with usual primage.
The half-yearly meeting of the London and
North Western Railway Company was held at the
Easton Station this day. The Marquis of Chandos,
Chairman of the Board, presided. The Chairman
said the Directors had come to the resolution to
ask for a considerable amount of capital, to be
• spent, not in new lines or extensions, but ou their
own line, for the purpose of producing greater
economy in the working of the traffic. The
Directors proposed to carry a third line from
Bletchley to London, so as to separate throughout
that length the goods from the passenger traffic.
The land belonging to the Company would, in
almost every case, be sufficient for the purposes of
the proposed line. The increased economy which
a third line would produce, in working the traffic,
would almost, if not entirely, equal the interest of
the money`to be expended, while it would secure
the retention of their traffic, by giving to the public
the greatest amount of speed, punctuality, and
safety. There was one subject to which no allusion
was made in the report, and that was the negotia-
tions pending with Government in referenCe to an
improved communication with Ireland. ln accord-
ance with the provisions of an Act of Parliament, '
passed some two years ago, the Government asked
for such an amount of speed and accommodation
as the company could not give without risk, but
he believed the Government were likely to modify
their conditions ; however, the question was still
under negotiation. The Chairman concluded by
moving the adoption of the report. A Shareholder
requested a little more detail upon the proposed
third line. The Chairman did - so. The total
estimate of the line was 350,0004 exclusive of the
comfort of the additional rails and the new tunnel
between London and Willesden, where it was
proposed to build an entirely new station. Most
of the stations on the existing line were sufficiently
far back to admit of the new line being made
without interfering with them. There would be
no necessity for carrying it through the Watford
tunnel, but between Leighton and Tring two
short tunnels would have to be formed, while some
additional embankments and bridges would have
to be made. The works would be constructed so
as to admit of a fourth line being laid down, if it
became necessary, and for that purpose the
estimate had been increased between seven-
teen thousand pounds and eighteen thou.
sand pounds. Mr. Dickinson considered that if
they added rails whenever they had an increase
of traffic, they would have lines ad infinitum.
Mr. Pincher proceeded to point out a variety of
abuses which he alleged prevailed. Mr. Hadfield,
M.P., and other gentlemen, having addressed the
meeting, the report was agreed to after a somewhat
exciting discussion ; also a resolution providing
for a dividend at the rate of 5/. lOs per cent. per
annum. A vote of thanks to the Chairman closed
the proceedings.