The Sun.
London, England, 1854-06-15 00:00:00

RAILWAY INTELLIGENCE.

SHREWSBURY AND BIRMINGHAM.
A special meeting of this company was heid at Shrews.
bury on Monday, under the Wharncliffe standing orders,
to consider a bill for the consolidation into one under-
taking of the Great Western, Shrewsbury and Birming-
ham, and Shrewsbury and Chester Railways, and the
union into one company of the three several companies.
Mr. Badger occupied the chair.
Mr. Peek, the solicitor to the company, read the heads
of the bill.

The CHAIRMAN said, the object of the bill was to
amalgamate their railway with the Great Western and
Shrewsbury companies, by which, if the bill passed, the
shareholders would receive 33 per cent. upon the
capital paid up, and a division of surplus profits, after
the working expenses of the line were paid. The re-
ceipt of the dividend, if Parliament sanctioned the bill,
of which there was little doubt, would commence from
the Ist of January last. It had already passed the
House of Commons, and only awaited the approbation
of the shareholders before it was introduced into the
House of Lords. The chairman concluded by moving a
formal resolution approving of the bill.
_ _

Mr. H. SCOTT seconded the motion, and in so doing
said he was happy to think that in all probabilty the pre-
sent was the last time he should have to intrude upon the
attention of the shareholders. He felt the greatest con-
fidence in the belief that the measure of amalgamation
would pass the Legislature, and that thus their property
would obtain that permanent position which, under the
former circumstances of the company, could not pos-
sibly be expected. Their connection with the Great
Western Company would be advantageous to all par-
ties. He wished to know how the voting by proxies in
support of the measure of amalgamation stood.
The Cif.tißmAx.—There are proxies in favour of the
bill representing half the capital of the company, and
none against it. (Loud cheers.)
The motion was then carried amid cheering, and the
meeting separated.

STATE OF TRADE.

(From, the Manchester Guardian, of yesterday.)
MANCHESTER, June 13.—The statements so confidently
made, and apparently so completely confirmed, up to a
_recent date, about the destruction of the young cotton
plant by frost, are now unreservedlcad admitted by the
same authorities to have had their
toroin in imagination
rather than in fact. At New York market was conse-
quently dull, and lc. per lb. lower. But there was no change
at New Orleans. These advices have checked busi-
ness at Liverpool, yet without producing any quotable
effect upon
somewhat strengthened
In the Manchester market they
have
the
t uyer
s from that
operating caution
a t t
hwhich
advancelast
week held backdemanded by producers.
The former have therefore
found no difficulty in
what they might want to-
ay arates which getting
d
e rence of say Id. per lb.
this day week ; makingCrdilai&nly declined by the latter
in yarns ; in some kinds the difference is a little more
than this. The Bales have be moderate aggregate
amount. BT the Greeks sroemeeeneivb:unfsine,s has been done ;
advices of sale to
and the German houses,
aniarket to replace
a fair extent, have come into the;
them. For India we have had
required,
with an unwillingness to pay the limitedir c inquiry,
As the India letters received to-day, is,
Trieste, while reporting large sales of cotton g3orodwanyn f
prices, the merchants have shown `-°"e
rather lower own a di_
minished disposition to operate on any higher terms than
those that were current a fortnight ago. The depressed
value of light 7-Bth printing cloths is inducing some de-
mand for them. The Greek houses are brought more
into the market, both for goods and yarns, by improved
accounts both from Persia and Constantinople.
ROCHDALE, June 12.—We have had a duller market
to-day than we have had for some weeks past. The
merchants show no disposition to purchase at the pre-
sent time. The wool market has been heavy, with a
• very limited amount of business doing, and the tendency
of prices rather in favour of the buyer. At the la ter
part of the week the mills stopped, and many of the
cotton factories stood all the week.
HUDDERSFIELD, Jure 13.—There has been little dif-
ference in the state of the market to-day from that of
the last week. Dullness has pervaded both the cloth
hall and warehouses, and the sales have been trifling
compared with this time last year. Goods are brought
in comparatively small parcAs, and those made to order I
are very limited in extent. The wool merchants have
little to do, and complain of slackness for several weeks
past.