The Sun.
London, England, 1846-07-15 00:00:00

RAILWAY -MARKETS.

LIVERPOOL. JULY 13.
NEW STOCK 'ExenxxcrE.-The business doing in Shares is still on a
small scale, but prices have not receded. The sales are -Birkenhead,
Lancashire. and Cheshire Junction, 35. 6d. p.-7-ILemitigham and
Oxford,2l4 p.-Chester and Birkenhead, Half Shares (atS tits.), 2414
-Derby aid Crewe, 4 p.-Eastern Counties, Perpetual, No. 2,705. fkl.
-Ditto. York Exterbaons. U. 4s. p.-East Lancashire, NO. 1,4%
Grand Junction, 22314-Ditto, 401. Shares (L. and XL), 46 p.-Great
Grimsby and Sheffield, Quarters, Its. this.-Great Western, Quarter
shares, 13 p.-Goole and Donea,tur. I4s. dbl.-Huddersfield and
Si-with-1,1, 614 p.--Leeds and Thirsk, dis.--Liverpool, Orniskirk,
and Pres,on, 245. GO. p.-London and Birmingham, Quarter Shares.
25% p.-Matiet,ester and Itirraingli,,m, 541% - Ditto, Quarters
10 it.- NI al,ehester,sand 4.troat Drintsity, 50s. dis.-Klidland
Stock, 10/. s.hares. 164 p.—Newcastle and 'Me110w...4 New shar.w.
534 p.-North British Carisle. I p.-North Saiiiinriishire, 314 p.
-Preston and Wyre, Half Shares (B), 14 p.--SLeltield Alai. Blan-
chester, No. 3 (late Barnsley), 14 p.-Shrewsbury, oswe4try,, and
Chester, lit dis.-South-Eastern, No. I (at 18 tbs.), 534 p.-Ditto,
Nd. 2 (at 161 dls.), 5 -Ditto. New Half Shams, ils. 3d. p:-West
Ming Union, 21. 7s. 60. p.-Bandon arid Ilakdry, 18s. 6d. dis.-
Newry and Warreupoint, par-tireat Luxembourg, 1 dis.
ulsitoer4rC4l Dorches-
ter, STOCK EXcrlANGE.LlTkiNiettlsialieVa'Fr;ell-1' lijrirtliteiZa(l, Lancashire, and
Cheshire Junction, 14 p.-Bo,ton, Newark, and Sheffield, 31 dis. --
Chelmsford and Bury, 16s. ad. dis.-Derby and Crewe, 4 1-16 p.-
E_ltx.e,ri,tit
rCatludiitulz,Zuotrilk.
IE4.
6mds.i Extension.
_II4E
xpe.
rE a
ys at3ll,li caaanls:ltir
ter, 11-16 dis.- Glasgow and Dumfries, 21s. dis.-Grand • Union, 16s.
dis.-Liverpool, Ormskirk, and Preston, 1 3.16
13lruini last, ,!4- Ditto, Quarters (C), 9 c. p.--Mariehester, Mid
land. and Grituilly, 21s. dis.-Northumberland and Lancashire, 14s.
6d. dis.-North Stadordshire, 3% p.-Sheffleiti, Leek. and Crewe, %
dis.-Shrewsbury and Birmingham, h p.- Shropshire Union Railway
and Cilia', 14 dis.-South-Ensteni and Dover, ILtives,
p.- South Midlands, % dis. -York and Selby, East -and West Riding
Extension, 12% p.

LEEDS, JCLY 13.
STOCK EXCIIANGE.-1 he sale. are--,Eastern Counties, York Ex-
tension 1% p. East Lancashire, 44p.—Great Grimsby and Shef-
field, 5 Ex-
tension, 1%
Quarter Shut es, 20e. 6d. die.- Ditto, Extensions,
30s. die.—Hu ideraticld and ShAlield, 6p. cash—Leeds and Brad-
ford, 391 p.—Leeds and Dewsbury, p.— Otto. Branches, 7s. td
p —Midland, New, 1514 p.—Newca.tle and Darlington Junction,
Extensions, 101. 2s. p.—North British, Carlisle Branch, 1 p.— She-
fleld and Manchester, Quarter Shares, No. 3, par —York and North
Midland, East and Wes: Riding, 124 p.—Caledonian Extension, 20s
dis.—Clitheroe Junction. 19$. 6d. dis.—Derby and Crewe, 44 p.
Direct Northern, 30s. dia. -Grand Union, Its. 3d. dis.-- Great East-
ern and Western, 318. dis.—Lancashire and North Yorkshire, 245.
dia.—Lancashire, Yorkshire, and North Ea-teru, 455. dia.—Leicester
and Bedford, 7s. 6d. dis.— Liverpool, Ortnskirk, and Preston, 265.
Gd. p. - London and York, 114 dia.—Mncheter Buxton. Matlock,
and Midland, 17s. p.—North Staffordshire, 3/. I Is. 6d r.—North
western, 4s. dis.— Welsh Midlands, 1% dis.—West Riding Union,
41. 7s

SHEFFIELD, JULY 13.
STOCK EXCSIANGt.—The sales are--Grimsby and Sheffield Ex-
:ension, 28s. dis.—Ditto, Quarter Shares, 18s. 6d. dis.—North Bri-
tish, 3'414 —Ditto Carlisle Extension, 15s. p.— Leeds, Wakefield, and
Midland, 17s &I. die..—Manehester, Midland, and Great Grimsby,
21s. dis.—Sheffield, Buxton, Leek, Potteries, and Crewe, Ils. 6d. dis.
NEWCASTLE-UPON-TYNE, JULY 13
STOCK EXCHANGE.—The sales are—Eastern Counties, York Exten •
slot], 1% p. -Lancashire and North Yorkshire, 218. dis.—Liverpool,
Onnsk'rk, and Preston, 1% p.-111 anchester, Buxton, and Matlock,
1 p. —North British, Halves, Carlisle, 15s. 6d. p.—Newcastle and
Berwick, 10% p, —York and North 3Vdland, East and West Rid-
ing. 1214 p,

YORK, JULY 13.
grocir ExemANoz.—Tbe sales are —Grand Union (Nottingham and
Lynn), 11s. 6d.—Great Grimsby arid Sheffield, Quarter Shares, %
Laneashire and North Yorkshire, —Leicester, Tarnwor.h. Sce.,
I/. 2s.— London and York, It 4s. 6d.—Newcastle and Darlington,
New, 11—North British, 304—Ditto, Carlisle Extension, 21. 3s. 6d.
—North Staffordildre, 51. I3s. 6d.—North Western, 11. Is. 6d.—
York and North Midland, East and West Riding Extension, 131.
85. 9d

EDINWIT11(111, Jrixv 11.
Sitocx Excrtsrms.—The sales are—Cornwall ancl Devon Central,
235. Direct Northern, 265. East Indian Railway, 9s. 61.--Edin-
burgh and Northern, New, 7s. 6d. —Edinburgh and l'eebles, 325. 6d.
--Manchester and Southampton, 318.—North British. 30%—Ditto,
Extension to 00416116 as, 6d,—,rertb and Limn/ems 32*••••5Cottish
9.104%,

-Mr. Sergeant Wranghain a,d .Mr. E. Jam. s, appeared for
the promote-es; -Mr:Austin and 'Mr. Calvet for seventy-two
petitioners against the
Mr. Sergeant WRANTAIAM opened the case for the pro-
limners. Ttieir Lordships were aware that the network of
railways which was now spreading itself through the eastern
counties or England, ccalcentraied 'at Cambridge.
They were also aware that the .lines connected
With. the London' and BirminghaM line con-
centrated at Weedtin. Now, the object ot,thia line was to
connect these places with tine anther by the; most direct fine
possible under the cirvumAances. The length: of the line
was thiriy-eiat. miles. Commencing at Cambridge, it
trossed the London and York at St. Newts, and joined a
branch of the London. and Birmingham at White-mills,
at somew4 lelighan teo mi,es tout e,don, whiCh h
place Vqtt.branch atf.rded a direct communication. It had
originally been proposed to Carry the line up to We don: but
this, being otjetiokiAo by the L ,nd.,n and Birmingham Com-
pany, it had'bip'giv.n lir., and he making of the line from
ite Mills.--fulVewvirailriii-left, to them. The line would
afford an ahnos-, direct communkation between Oxford and
Cambridge, which bad .been prtiPosed by a line that came be-
tore a Committee. of .their L.rdships' lieu-e a short time
ago, but which could not be effected by that Bill, it lousing
been reduced by ameudment to n in ~re local line from
Hitchin to Royston. Toe present Bill was only oppoed by
one petition, that of seventy-two owners and occupiers of
land, for whom his Learned Friend Mr. Austin appeared.
That opposition was, in reality, on the part of the Eastern
Counties Railway, as, he thought, their Lordships
w:miltl very soon. perceive. Many of the petitioners
had been set led with, and many (lie believed thirty)
signed a petition, in which they begged leave V>
withdraw their opposition, saving that they were not aware
cf the contents 4 the petition when they signed it, and
indeed they thought at the time that it was a petition in
favour of the line. • That petition had not yet been presented,
but would be in_a_ day or two. .

Mr. Sergeant WRA:NOIIAM then proceeded to call witnesses
on the part of the,ProUfoters.
Mr. Blyth; engineer to the line under Mr. Miller, gave the
usual engineering .evidence—the works were all of a light
character, and there were no considerable engineering diffi-
culties,.

Several othei witnesses were called and examined, but the
ca-e 'was suddenly' checked. by theabsence of witnesses, and
the Committee rose before three o'clock, and adjourned till
to-morrow. .

Room B.

The Committee met this ►norning at eleven, the Earl of
Lonvdale in the chair, Lord Hawarden, the Earl of Warwick,
the Earlof Ellenborough, and the Duke of Grafton present.

IMICESTER AND BEDFORD.

Counsel proceeded to Grill further evidence in favour of the
Bill, and most of the witnesses examined on the subject of
traffic spoke of the transit of grazing stock from about
Market Harborough to Smithfield market, and complained
of the want of accommodation on the London and Birming
ham line.

Mr. HILDYARD took an objection to The line which had
been raised before two Committees. of the Commons, ono
which sat- on the Rugby and Huntingdon Bill, and one on
the Leicester and Bedford, the Bill before their Lordships.
It was founded on an agreement come to between the Rugby
and Huntingdon and the Leicester and Bedford Companies,
to the effect that one or.. other of these companies would
conAruct. a deviation from the defeated plan on that
part of 'the line- common to 'both companies, between
the Thorpe-road and the Wellingborough-road, if the con-
sent of .tfte landowners can be got, and powers from Parlia
ment toatiake it, and ineanwhilesuspeuding their compul-
sory powers for the conitruction of that part of..the line.
Mr. Hildyard argued that the consent of certain parties on
that 'portion of toe line was of no avail, that only Parliament
could sanction the alienation of glebe, land or the passing of a
public road; but as their Lordships could not be certain that
thene*t Parliament would give this sanction, and the conse-
quence mould be a line with a chasm iu the middle of it to
the length of about two miles, he was sure that their Lord-
ships would not pass such a line.
Mr. Sergeant WRANGIIN3I, • in reply, said that the agree-
ment was misrepre,ented, tor though the deviation could
not be constructed for want of the sanction which would be
necessary, those compulsory powers to construct the depo-
sited line were merely suspended, and remained to provide
against any chasm.
Nlr. HIIDYARD replied, and the room was ordered to Ls
cleared.

t tinoiciinatlee savi tiurunt-isr-V.Teoe,:jboknri,,f3ro;"/14"thai
protecding with the Bills.
Traffic evidence in favour of the'line was continued.

Ttie Committee adjourned till eleven to-morrow.

Roam C.
The Committee re-assembled this morning, Earl Rat;nor
in the chair, when
Mr. Fowler, the engineer of the Sheffield and Lincolnshire
line:was cro=s-t-xamined by Mr. MEREIVETHEM., and I stated
that the • ruling -gradient in the line would be 1 in 84.
On leaving Sheffield, it would have to be worked
as4s!ant power, and as this would be very
expesive, rather than incur such a cost it would
be..ly-tter to establish a tramway from the mineral dis-
tricts, which would answer every purpose. Such a design
had been proposed, but it had been dropped in consequence

of a breach of tngigement.
Mr. Gee, civil engineer, gave evidence against the Bill to
the same cffect.
Mr. Locke, the engineer, stated that he had been the con-
sulting engireer,.and when he surveyed the country had come
to•the decision that a line towards London would be best

carried out by W, oilhou.se Mill, and that opinion was cone
firmed by the Sheffield and Lincolnshire line being sane-
mined by Perhatfient. There was no opportunity
for the Sh4,ffield and Manchester line to come
down by the Chesterfield line. The Bradford ' traffic
would come by the Sheffield and Manchester line, and the
junction would be best effected at Woodhouse Mill. This
line was certainly laid out inconveniently for the coal-fields,
running as they do through two deep cuttings. The esti-
mateshf the opposing lines are certainly much higher than
Mr. Fowler's route, for which the amount stated is 867,0001.;
another was 883,0001., and a third 887,000/.
To Mr. TALBOT'S cross-examination, Mr. Locke replied

thlt he. had executed works through rocks at a lower rate
than 40/. a yard, but of course the expense depended upon
the nature of the rock to be passed through. Certainly the
country was a difficult one. . _ _ _ _ .

Mr. HOPE cross-examined; but previous to his addressing
the Committee the room was clvared,and on the re-admission►
of the parties, the Chairman inquired of Mr. Talbot, the
leading counsel for the promoters, whether be could inva-
lidate the evidence of Mr. Fowler, who had stated that
64,0001. per mile would be requisite for the formation of the
lines. To this Mr. Tal'oot replied that he could not sperl
certainly. _

By direction of the CIIAIRMAN
Mr. Hurt: then addressed the Committee, contending that
both from the expense of the sustaining walls and the alter•
nate expeese of the spoil and waste, it would be altogethe
beyohd the power of any traffic to remunerate. the proprie,
tors. Mr. Vigkoles had stated that he was the. father of the
steep gradients, elutes the whole of the flat country had been
exhausted, that difficult country must now be attempted.
It had been originally intended that the Manchester
and Sheffield line should pass through this country,
but both Mr. Locke, engineer for that line, and Mr. Gee, who
was also intimate with the country. thought the proper access
of thAfield to the south was by W,,orth .use. The line as ori-
ginally planned had been divested of tiye of its branches, and
was absolutely now a distortion, and quite incompetent ti
siti-fy that wart which was now felt for communica-
tion v. ith the south. Mr. Vignoles had proposed five
objects, the shortening of the distance of Sheffield nom
London by eight miles; the cheapening of the price of
coals, at St. Meld ; the .:petling or the Drontichl and
&tat-teas; a better communication with the south. and the
increase, ~t the access to whir coal-fields. After going
through all those points, -Fuld making reference to the evi-
dence which had been adduced, Mr. Hope went to the intrin-
sic merits of the line itselt, which he contended were insuffi •
ient to justify i s formation, csieciallyon the ground that the
polulatian was tee email to create a traffic upon any line to
the neighbourhood. The local traffic thus failing, the tiexi
consideration was the through traffic, and this, he contended,
was also such as not to juetity the expenditure of so much
capital. With respect to the saving of eight miles, which it
was alleged would be saved by the Sheffield and Lincolnshire
16tht the distance
difference
owould f
i
Be
n
line, which was now sanctioned by both H.,uses of Parliament,
the greater distance would he only 31 miles, while it the lint'
%sere to be used as now projected, the trains from the north
would have to back full
thereby be actually m
reduced to 11 lies.
fiCIPI3 a.nd Counties, with the superior advan-
,',f a mile,
Then with respect
to the transit to London, there was a distance by the Lon-
don with
h a
tnaligeeas
tna,feig
aaYi
nojnt kittChe
united
nli
management; and if the Erewash Valley
were tole used, there would be a saving of a mile and a half.
Mr. TALBOT replied, resting chiefly
in the outset upon
the opening made by the station at Brighton. The Sheffield
People were notoriously a persevering people; but it was a
tact which was patent to all the world, that just as the
London and York Railway had progressed to Parliamentary
success—a line which involved three hundred miles of rail-
way—so had the worth of its capital decreased. He
would treat with the contempt which it merited the hardy
of thirteen miles long was con- ,
assertion of Mr. Fowler, that the whole of that line would
He would assert that on the line of the London
and York there was not a single town of the slightest com-
mercial (her
eue madeti"ud"transit
o beforef
mercial importance, while on the other line there was access
to Sheffield, Nottingham, and Derby, and the several other
places connected with the great manufacturing interests of
the country. through the evidence upon
tellt'ois!'atlleirtitilinnteghe neighbouring coal-fields to
Sheffield, the Learned Counsel stated that the projectors
had reduced their capital by 50 per cent., in order to meet
..the necessities of the times and the emergencies that might
arise to the business people of Sheffield, and the considera-
tion for the Committee was not the amount of capital to be
employed, but whether it would be judiciously ex-
pended for the public benefit. With respect to the
estimates, it was well known that half-a-dozen valuers
might be brought on. one aide or the other, and all spealting
to different portions of the subject, might speak the truth,
and yet flatly contradict each other. but he had opened this
case as one necessarily involving heavy works. The pro-
moters were quite willing to take upon themselves the ex-
pense, so that no objection could stand on that account.
The North Midland Company, into whose hands this line.
must eventually fall, were quite, ready to take _it up,
and after the rejection of the line last year a meeting had
The people of Sheffield were equall?r
beeu held, at which the repetition of the ant was strongly
anxious fin its success;
VAIVIDIMIatd• IQ; kilutero he wetted that the Fro'