The Sun.
London, England, 1852-08-18 00:00:00

N°.18,692.] LONDON, WEDNESDAY

CAPTAIN PENNY' FA EXPEDITION IN• SEARCII OF SIR

JO EIN FRANKLIN.

Just published, in -2 vols. post Svo., with Tito coloured Charts by A.
Petermann, Six Plates (four coloured), and numerous Wood En-
gravings, price.27.s.
TOURNAL of a VOYAGE in BAFFIN'S
el BAY and BARROW'S STRAITS, hi the Years 1850 and
1,,1, performed by fl. It. Ships ',Lady Franklin and S;)phia, under
the command of 7dr. Wiliam Penny, in search of the missing Crews
of H.9f. Ships Erebus-. and Terror with a Narrative of Sledge Ex-
cursions on the Ice-of Wellington Channel; and Observations on the
Natural History and Physical Features of the Countries and Frozen
Seas visited. By PE FEll C. SUTHERLAND, M D., M.R.C.S.E•,
Surgeon to the Expedition.
"The dangers and uncertainty of arctic navigation arc described
with more minuteness and elaborate detail in the work before 00
than in any that has yet issued from the press. . . . • It would
hardly be possible to get a minuter or moro practically useful insight
into arctic life than these pages afford."—Literary Gazette.

London Longnian;Brown, Green, and Longrnans.

SECURITY TO 'EMPLOYERS.
TO SECRETARIES OF PUBLIC INSTITUTIONS,
CLERKS, STATION-MASTERS, R.UTWAY OFFICIALS,
BANKERS' CLERKS, TRAVELLERS, AND OTiIERS.
,
TimEp LIFE ASSURANCE and
GUARANTEE COMPANY.
- 32,Ludgate-hlll,london.
GUARANTEE FOR FIDELITY OF TRUST.
PROFITS. DIVIDED.
RITES—From 7s. 6d. per cent. upwards. No charge for Stamps
An allowance made In the Guarantee Premium where a Lifa As-
surance end Guarantee are combined.
LIFE. ASSURANCE.
rolici es Indisputable save in cases of Fraud.
Arrangements can be made with this Office to prevent the loss of a
Policy where the Assured is unable, from temporary embarrassment,
to keep up the payments,

, . .

H. B. SHERIDA.N,
TIMES FIRE AND PROPERTY -ASSURANCE COMPANY.
Every description of Fire Assurance. Profits Divided.
Agents Wanted.
11. B. SHERIDAN.

TH.E COUNTRY IVIARK.E'nee.
IPSWICH, Auc. 17.
We had again a small market, and but little wheat on
sale; the growers were very firm in their prices, and an
advance of fully 3s and 4s per qr. must ho noted upon
prices of last market day. A sample of choice new Tala-
vera wheat brought 56s per qr. Tho crop of wheat, it is
now clearly ascrtained, has received much injury, and
from two causes; first; the mildew or blight, rendering
whole breadths of land valueless to supply corn for
human food; and, secondly, the wet and warm weather
has caused the wheats to sprout. 'Ve had at market
several specimens taken from the sheaves very much
sprouted ; it must be feared the white wheats are all
more or less thus injured.
PER QUARTER. PEI QUARTER.
Wheat, red
Ditto, white oos to 00s Oats oos to Ode
Barley
Ditto ..
Beans
AVERAGES FOR THE WEEK ENDING AU*. 14, 1852.
Wheat
Beans,.. l5 „ 32s Od
Peas
HULL, Auc. 17.
Messrs. Taylor and Bright's Circular states-The
following is a comparison of the imports into Hull to the
sth July, 1851 and 1852:-Wheat, 1851, 98,376; 1852,
9,963; barley, 1851, 90,923; 1852, 36,752; oats, 1851,
20,914; 1852, 5,717; beans, 1851, 18,040; 1852, 28,302;
peas, 1851, 7,805; 1852, 2,030; tares, 1851, 3,420; 1852,
650; linseed,lBsl, 69,594; 1852, 87,679; rapeseed, 1851,
2,457; 1852, 3,791; oil cakes, 1851, 4,112; 1852, 4,674;
bones, 1851, 8,776; 1852, 11,525;
guano, 1851, 1,069;
1852, 2,660. The weather during the past week
has been various : on the Bth, 9th, and 10th
much rain, which laid the heavy crops throughout this
district. Since then we have had dry cooling winds,
with a good deal of sun, just the weather desirable to
follow the rain alluded to above. Harvest is now quite
general, and so far as we can learn, the wheat in point
of quantity " cuts up" well, but quality will be various,
and the yield, as well, deficient to the very splendid
crop of last year. There are some few complaints of
blight, mildew, and sprout, but they are by no emirs
general or serious. The trade during the week has been
characterised by increased firmness on the part of
holders, but by caution, ahnust amounting to inaction,
on the part of buyers, so that with a nominal advance of
2s per quarter in price asked, the actual business since
Tuesday has been quite inconsiderable. To-day we had
a large supply of wheat from our own farmers, and only
a small show of foreign samples, the late arrivals being
cleared off, and less offering- from granary; the market
for both English and foreign must be quoted is to 2s rer
qr dearer, but very slow sale at the advance. The lute
import of barley having got pretty well disposed of, the
market is firmer, end in some inntauces a Grille dearer.
Oats are the turn in favour of the buyer, but beans fetch
60 more money. A good demand for peas, but none of
fine quality on the market. Linseed maintains its value,
with out a small supply for the general market. Cek.e,
still improve, and no fine foreign remain unsold. No
import of foreign rapeseed, end rape cakes continue
scarce and dear. Any arrival of bones would meet
ready sale.
The following are the present prices of grain i-
s.
Wheat, English, red 40 to 43i1 Peas, white and yel. 30 - 32
Do. white 44 - 46 Do. grey - 29
Dantzic and Ko- Linseed, Black Sta 44 - 46
nigsberg 42 -46 Do. Petersborgh 42 -45
Pomeranian and Do. Riga& Arehngl. 38 -42
llamburgh . 36 - 40 Do. Konigsberg .... ae - 40
Danish, Holstein, & Per ton.
Friesland 36 - 38iLins. c., Hull Ot Os Od to 7/10s
Russian and Odessa 32 - 36 Do. fine for, ...715s Od to 0/ Os
Oats, English - 19 Do. inf. fanign... 0/ to 6/ 10t,
TN o. parish••••... .1- IS Rammed 23110 s to 00/
w
1158 `ZO cakes... 6dootosoos_
000,1 s
DDoo.o
.Fruiesssl.as, 0de55and.........
Barley,malting OO 00j Do. 00 Do. ...... 211 - 30s
e;
Do. grinding 23 -24 Guano ..... 49/0370/
dtoto9/000:
Beans 3O - 32 Bonedo
71 Os
Do., foreign

CORK, AUG. 16.

Currency.
Barrels.
0 White wheat ON Od to OOs Od 00: Od-20 eon,
0 Red wheat oos Od to ON Od
o Ditto ...... 00s Od to ON Od 00s Od-20 do
0 Ditto oos Od to 00s Od
0 Barley Oli Od to 00s Od
0 Ditto oos Od to 00s Odf ON
'0 Ditto ........,00s Od to 00s Od
94 Bere...
286 Oats B5 8d to Os 8d
124 Ditto ...
0 Ditto
0 Pigs 00s Od to 00s Od ON
Quantity sold at the Highest Prices:-
0 barrels white wheat ; 0 red ; 0 barley ; 58 bere; 5 oats i
0 pigs.
Quantity of Grain and Number of Pigs sold last week t-.
Wheat, 1. Barley, 0. Oats, 1,463. Pigs, 0.
PRICES OF BUTTER.
CANT.
CURRINCY.
First quality
second quality
Third quality .. 66, Third quality 57,
Fourth quality
Fifth quality
Sixth quality 43s Sixth quality
Return of Cattle sold for week ending Aug. 7.
9ue somtr
corn
r17;1:4,6s
todo d;7lt
ot h22si,r6d3ds;,
ap7veser
rt
talg9ne.s.
Pigs, 630. Sheep, 232. Cows, 50.
Indian meal 7s 3d to 7s 6d. wheat
CORl.—Flour--First 121 6d to 131 Od ; extra 14s Od;
speecroenwt.,
01 Oastm6 deetloiploe2Brstee;
wiht.OTH6seldnh;
Indian
sFdin
butte6dr, to 01;
averagey— 03sperton. traw—Rartners
mßreaanl,792ss66dd tt 00715055pe r tooort.o ;
8
OA ; dealers 0030 d to
00s;
Wh t loaf 0 '
11s Od to 16s Od; average 00s ; dealers 20s Od to 001 d :
household loaf bd to 0 per
.....
average 00s Od per ton. d Bread—Wheaten
41b.— Fresheaen
10d per lb. Eggs-4sdne 15s ; Landore 00s ; Culm,
Od to 4s 2d per hundred. Conic 4)
Newport 14s Od ; Ly
12s 6d per ton. imperial gallon. Me; t
per lb
Whisky, 25 o. p., 5d to find; veal 4d to
5s 9d
per
rs Od to 40s per cwt.
—Beef 4id to 7d ; mutton .
• Hops
8182 to 910 s per cwt. Bangor slates
7(1; pork 4d to Od ; bacon 6d to 7il
116 s to Oh per stone.
ditto, 31 31,153
Bark, red 7t to 8110 s per ton. Fleece woo
' gs 18s to 19s; red
'125;771gs sausages
Si Os per ton.
Hemp 29/ to 341 per ton. Fish--Scotch harm
N to 11/ pet
ditto, 24s to OOs per barrel ; Newfoundland, 101
ton. Timber—Memel, 70s per ton ; red pine, 3/ 5s ; yellow
Hides
dd
tot
1201 pp;r4ratniobo_n. ; dpeoatals,tolcsa
cwt • calf skins
.•••.....et `'Oa to 28s; salted 21, to 303 per ,
Tar—
Archangel, 19s per barrel Peruvian,
:10tw/ohlioltee8:071:11elrltop79,1111;. pinks

Qd-00 do

Bd-J) do

Od per erf t

Sir John Pakitagton arrived in town yesterday, from
his seat, Westwood-park.

RAILWAY INTELLIGENCE.
SOUTH-WESTERN.
The ordinary half-yearly general meeting of the pro-
prietors in the London and South-Western Company was
held yesterday at the Nine Elms Station. The odver •
tisement converting the meeting also announced that
after the ordinary business was tranesoted, a special gte
nerd meeting would be held to consider the report of the
directors concerning-proposed extensioes.
Mr. Chaplin, chairman of the hostel of directors, pre-
sided. The attendance was not very large.
The report, was taken as read. Oa the question being
put that the renori he, received and adopted,
Mr. UncaoeT 'liked whether the present accounts
contained alloho debts end liabilities of the company up
to the 30th of June last? and if not what were the out-
standing amounts.
Mr. HOYES (one of the auditors) replied that the esti-
mote future expenditure was 131,0001.; hut he be-
lieved that would be exceeded by about 50,0001. if every-
thing was done contemplated and ordered. The ac-
ceunts, of course, did not embrace the works yet to be
executed.
Mr. Ueetton• :called attention to the estimate of the
directors iu their report 'tin 1848; and to the prediction
then male, that there would soon be a 6 per cent. divi-
dend. The dividend of 3.10 which the proprietors no-.v
gut, was a very questionable one; and he attributed this
to the edirectors not closing their capital accsuat.
(Rear, hose) Unfortunately the interests cf the friends
of the directoits,dviz., of the attornies, the engineers, and
the Conernotorso were entirely opposed to those of the
shareholders; and the result was such ruinous specula-
tions as has been. entered into, and as were still recom-
mended.—(fear,. hear.) What the proprietors had to
do was to force the directors to put a cheek upon them-
selves by closing the capital account; but unless they
(the proprietors) get the powerful support of the London
newspapers, he didn't think they would ever he able to
mane go this. Ile wished this question to be answered
by the chairman—at what period did the directors them-
selves contemplate closing the capital account?
The CHAIRMAN did not see what grounds the Hon.
Proprietor had for his dissatiefection. In 1848 the di-
rectors made a very careful estimate of the probable out-
lay that would be required previous to closing the capi-
tal account; and for two or three years he had, for the
board, repeated that statement, making the current de-
ductions each successive year. Last year he had not
had the pleasure of meeting the proprietary; but he
would willingly on this occasion go again into the mailer.
They had received 8,722,516/o they had expended alto-
gether 8,614.8851., and they had a balance of cash in
band of 107,631/. Then he came to the liabilities. The
lest estimate made was 640,8301., for all the works con-
tracted for. They had spent, up to the 30th of Juno of
that 509,349/.; leaving to complete the proposed works
131,5024 In following oat the estimates, experience
had pointed out many directions in which deductions
could be made, while on the other bend, occasions had
occurred requiring works in excess of the aggregate es-
timate. A case in point, illustrating the latter case,
might be mentioned. The great accumulation of car-
riages in consequence of the extension of the
line to 241 working miles bad opened the question
whether it was a, wise ecoeoeny to leave these
cartiages without cover when standing in the winter,
having been used only in the summer traffic; and the
directors had taken on themselves to build a large car-
riane shed, but ing a piece of lend at the point where the
Richmond branch lett the main line, going there to avoid
the heavy ground rent, which would not have allowed a
purchase nearer Lennon. The cost was 7,0004, not cal-
ealsted upon; but obviously such an expenditure was the
true economy. Itgaie, in consequence of the increased
traffic, it was found that additional water way was re-
quired at the Nine Elms station, with warehouses, to
couduct the business there properly; and that expense
was gone to. But, setting the unexpected outlays like
these against what had been saved in deductions from
the original calculations in other directions, he thought
they would ho able to do the whole with the 131,5021.
This statement ought to be satisfactory, inasmuch es it
showed that at the outset there had been a very careful
investigation. (Mr. Uperoft—Yes, but the story as to
the divitieuds?)—(Hear, hear.) Since the old estimate
iu question it bad been resolved by a vote of the proprie-
tary to spend 16,0001. to go to Alton; 4,000/. on ac-
count of the North Devon, and 90,0001. to complete
the line to Andover. Well, after these things were
done with, there would be, according to his estimate, as
balance of cash in hand, 107,6311.; for unissued shares,
472,462/ ; for calls in arrear, 6,681.; for calls not made,
188,7981.; further borrowing powers, 110,558/.; value of
the surplus property left in bend, 187.7011: making a
total of 1,073,831/. Deduct from this total the old esti-
mate of 131,5011, the 16,0001. for Alton, the 4,0001. for
Taw Vale, and the 90,0001. for the Andover extension,
and there would be a balance of assets over liabilities of
832,329/. He did not want just yet to touch on the sub-
ject of the special meeting, but he did not hesitate to say
this—that it the capital account should be closed—and
afterwards desirable projects presented themselves—
there were twenty ways of opening a now account,
without mystifying the general capital account by
mixing up old with now items.—(Hear, hear.) In re-
gard, therefore, to the proposition which would be made
at the special meeting, if they could not bring forward
a new capital account, clear of the old one, why they
would not touch the matter.—(Bear, hear.) While on
his logs, answering the Honourable Proprietors, he
would go into the general subject. Ho thought that,
ou the whole, their affairs did not look at all un-
it
was
exceptional
ori rfleloelcilhtteci I
imi Ipiartnsboctise,3lhtiehac.ae,lmen
satisfactory.—(Hear, hear.) Ho would not compare
this year with 1851, which was quite an artificial year,
as affected railways, but, taking 1850, he found that
from the Ist of January to the 10th of August, 1852,
they had a clear excess in receipts of 9144 a week.—
(Hear, hear.) This was a tolerable sum; and the result
evinced the wisdom of the liberal policy which they had
exhibited towards the public in regard to fares, &c. The
increase in the goods traffic was proportionate: for in
the last six months they had carried 177,262 tons,
weAohsmiortanttt.yhnesal2,ooo tons more than in any preceding half-
There were also to be considered the advanta-
gyeeoaru.s circumstances growing up around them. Looking
to the influence of the junctions, giving them to South-
amptonto
a communication with the north of England,
the growth of the mail steam-packet service, to the calla
for shipping at Southampton in connexion with the emi-
gration movement, he fancied he could see for this
expenditure
dsatisfactory
npfreossspeedeti.tiolloeaear, htar.heavy,)
but
with its great traffic, had brought a sudden great
pyisnareeiatdsrhsieutre on the machinery and stock; and the effect
and be
glad tes etteget,
ael•dilievoilwseeadolt,Y ihhtoeheElectvOtelnhre;Sany, 'es machinery -
of that wear and tsar hraedh,c:yownitislta•
chanical departemcnt had been placed undmr tag dirocti‘„h
rt,haet (el lamuis:as ta A ct, rba°l ''
satisfaction. u r
The cost of
of Mr. Beatt,le, In the reduced cenrumption of bolter in
the srCed with which the heavy tnaitit bit* tet,t.oiied,l
Pt's.: iedr were n'
rg
working. thin; the whole thing over the eoterag,3 of
milesthtitig slvoofflereedd a
,
wite mile;
antiantithit aditta ttf
- the ail-e:tiLstatices
on any other line wrath et Ihuttnt, which had not thote
wafasiron calym
advantages in maser& to the price of coal enjoyed by the
northern companies. The plant was altogether in a most
plrdieei an
efficient condition, and he believed they *teed get 0t,,,
most satisfactorily this year.—(Hear, hcar.) 11,.4.6 ~,,,,
one matter which ho could tot
,ttefslk ..ttlllotieed; he 8
re-
ferred to the pain true:true:abXici7 ine directors had under.
gone in regard to al6 unhappy conduct of their e!d teat
vante Mr. Stovin. Mr. Stevie had served the cohipue;
from the very beginning, and enlittaited, confidenee had
been placed iu him by all parties. He ((the tt'brdermaro
had originally introduced taloa to t.....; company, and had
d
been,
with members of his 'o,!th family, security
for hurt,
His health haling l'; ecoine deranged, ".
and his bookes
getting behind hand, the directors la' get hies to go away
for a tutu weeks' relaxation, and, tosetpectelly, h • I
to America. Letters bad been receikrod from hi.eb ' yeent
neatly denying trio alleged embeiolements f:liti,,i,,ga.
against himt and he (the Chairtnan) had writtene4C--
offering to pay his passage back, and begging
toi him,
return, to pi sea matters in a proper atatto Ags vtinicilt hto
(the Chairman) had not ascertained whether Mn.;:st-ttt",:1,13
had nceived that letter. The affair Was still ti • -- al
therefore; but he (the Chairman) hoped it was hsettled,
pos-
sible some explanation would be thrown over still
enfused transactions in question, and that thing erten„—.;
turn out bettor than had been expected at first! i''''''
natural consequence of the affair of Mr. Stavin, 1
irregularities connected toith it Mid been discovered;
the directors were at present in a difficulty with ' Mr."
Ford, a carrier, who had brought largo traffic to
line from the western districts, who was debtor
obtim
to the company to a considerable amount in Mr.tor
Stovin's books, and over whom they had no clear hold.
The hold they had had was in the securities on property
which had appeared valuable and available; but
it now
new
appeared that ho had got rid of this property, and
propriated the proceeds irreclaimably. Hit afraits
vsg.
ner
now before the Court of Bankruptcy, and nothing further
could be said about them as yet without prejudicing the
result unfairly. In dealing with carriers like Mr. Ford,
either as wholesale or retail carriers, certain risks must
be run, for credit had to be given to them just as they
were obliged to give credit; but the directors felt that
the more they could manage to conduct their own busi-
ness the better it would be for their interests. Accord-
ingly, they wore determined toget such matters more
into their own hands; and they had a new manager join-
ing them, indeed, that very day OIL Scott), who had bad
great practical experience in the north, and who would
carry out the new principle effectually. Mr. Uperoft
had made an unkind allusion to their professional agents,
The law bills, indeed, would seem to be heavy; but the
reason was that at the commencement of last session
twenty notices had been served on lines connected with
their own, and all the matters to which these notices re-
lated bad required careful watching in Parliament. The
array of twenty had been ;reduced to fourteen on the
meeting of Parliament; and though these expenses were
all charged to revenue (and, as to closing the capital ac-
count, this proved that theirs was a good eeal more
clofted than
Some companies who having
closed their ow the revenue was really un
influencnd by dliecompletely),
with which this e -
diture was circumstances . . n
xpeneon
the subteeected. (The Hon. Chairnasthen de-
tailed) et-matter of the notices.) Then there
were law charges in connexion
with appeals on poor-
rotes-4501, havingthen
t way; and there were