The Sun.
London, England, 1846-02-11 00:00:00

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F RUAR 11, 18IA
PRICE SD.

MONEY and COMMERCIAL NEWS.
(From The Sun of Last Night.)
The sales of Cotton at Liverpool yesterday were 5,000
bales, all. to the trade, viz., 400 Pernams at 534 d. to 614 d.,
300 Egyptians at 5%d. to 81/A., 300 Surat at 21,4 d. to 4.0.,
and 4,000 American at 3%d. to sd. The market is stead".
The Share Market improved, and prices are rather higher.
Merchants, bankers, and others have all been more or less en-
gaged in the considiration of the debates in the lower
brauchof the Legislature yesterday afternoon. The proceed-
ings as far as they have gone appear to have given much
satisfaction.
There is not any news of importance from the colonies
this morning. The private letters from the West Indies
have been delivered, but contain matters more of a private
character than of general interest.
The Funds have been flat this morning, owing to several
important sales. Consols havejuat receded from 97% to 971%
for Account, and from 97% to 971/a for immediate transfer.
The new Three-and-a Quarter per Cents have gone back
from 100 to 99%zr4, and Exchequer-bills from 42,, to 398.
premium. In most of the Foreign Funds there was not
much doing. Brazil Five-and-a-Quarter Cents bay': just
been sold at 831/i. Mexicans at a fall to 30%; the Portu-
guese Four per Cents. from 60 to 5.T2 ; the Spanish Five per
Cents. to 28; and the Dutch Two-and-a-Half per Cents. are
at 60%.
Railway Shares have commanded to-day a fair share of
attention. The accurate list of prices is annexed.
ONE
BRITISH FUNDS. O'CLOCK.
Three per Cent. Annuities • • WA 97N,
Three per Cent. Consols Annuities .. • • 97 %'4
New Three-and-a-Quarter per Cent. Anus. 997,,' 14;434
Long Annuities, Expire Jan. s, 1860 .. 10% 9-16

CLOSING
PRICES.
97%

- Ditto, 30 years, Oct. 10, 1849 .. 101,4
Ditto, 30 years, Jan. 5, 18G0 1O
India Bonds, 1,000/. ..
Ditto; under 1,0001. .
Comels for Account
Exchequer Bills. I%d•
1,0001...
500/.
Ditto, Small

09N
101,4
10%
IN

•• •• 9.0100 97!
40 42 39 - pm. 39
40 42 39 - pm. 39
40 42 39 - pm. 39
ONE CLOSING
O'CLOCK.. . PRICES.
112
!1w

FOREIGN FUNDS.
Austrian Bonds, 5 per Cott
Bond 5..-k Per C.alt 46/N,
Columbia Bonds ".:
Grenada, 1 per Cent .. • .
Mexican Bonds, 1837, 5 per Cent ..
Ditto, for the Account 314 304 3074
Portuguese Four per Cents .. 59% 60 5934 GO%
Russian Bonds .. • • .. 113%
Fpanishßonds, 5 per Ceut
Ditto, for the Account • •
Ditto, Passive Bonds .. • •
Venezuela Bonds, 2 per Cent .. • •
Ditto, Deferred • • • • • • • • 1334
Dividends on the above payable in Lendon,
Dutch Two-and-a-Half par Cent .. 6031
Ditto, for the Account . • • •
Ditto, 4 per Cent. Certificates

L 2

•• •• --
.. .. 28

NORFOLK RAILWAY COMPANY.
The shareholders of this Company. held their half-yearly
meeting at their offices, Guildhall-buildings, yesterday, at one
o'clock. Among those present were A. Duff, Esq., John E.
Lacon, Esq., Captain Warden, Horatio Bolingbroke, Esq.,
Captain Laurence, Samuel Anderson, Esq., R. W. Kinnaird,
Esq., G. Stephenson, Esq., directors.
A. DUFF, Esq., chairman 1.0 the directory, took the chair,
and called on the secretary to read the advertisement calling
the meeting.
The SECRETARY, at the request of the Chairman, then
proceeded to read the half-yearly report, which stated that
the revenue for passengers, goods, and cattle, for the five
months, from the 30th cf July, when the line was opened
throughout, to the 31st of December, and for the one month
(July) Yarnrouth and Norwich line, was 31,2861. ss. 5d.,
including the tolls for the portion of the line, leased of the
Eastern Counties Company, from Brandon to Ely. In this
suns no credit was taken for the sum due from the Post-
office for the conveyance of mails between Yarmouth and
Ely, from the Bth of August last ; that, after a deduction of
forty per cent, for expenses, and a charge of 1931. 10s.-per
mile, on fifteen miles and between Brandon and
Ely, there remained a sum of 15,901 e 14s. 4d., which being sub-
ject to a charge of interest on the mortgage debt for half a year,
left /1,7241 7s. 9d. available fora dividend; that the directors
recommended a dividend to be declared at the rate of
5 per cent. per annum on the capital paid up, and that the
balance, including 1,977/. unappropeiated of the last half-year's
revenue, and the amount to be awarded for conveyance of the
mails, should be carried forward to the next half-
year's account. The report further stated, that the agree-
ment being negotiated with the Eastern Counties Railway,
for leasing the portion of the line between Ely and Brandon,
had been broken off at the nisi of that Company ; that the
land for theDereham line had almost been entirely purchased ;
that with reference to the extensions alluded to in the last
report, the only alterations which the directors had been
advised by their engineers to eanction- were, the commencing
the branch to Digs, at -a point nearly half way between
Attleborough and Wymoudham ; extending the line to a
junction with the Bury and Ipswich Railway at Stowmarket ;
and the line from Reedham to Diss had teen extended to
Thetford, taking advantage of the facilitieS afforded by the
valley of the Waverer, to the Dereham and Wells EXter-
'"Aloll; that th6-branclr -to Blakeney bad been added ; and
that the requirements of the standing orders in re-
spect of these extensions had been complied with. • •
It was stated that the directors had agreed to take an.
interest in the line projected by an independent Company,
from Ipswich, through Halesworth, to Norwich and Reed-
ham. They had also agreed, with the sanction of the
proprietors, •to lease the line, if authorised by Parliament,
from Norwich to Dereham, and from Norwich to Aylsham
and North Walsham ; and also. from Thetford to. Bury.
The reading of the report having been concluded,
The ViIAIIIMAN said that considering the circumstances
of the Company, the„ directors had reason to congratulate
the shareholders on the amount of revenue derived from the
traffic on the lint s. Suck a return as had been reported to
them was unusual, and it had accrued to them notwithstand-
ing the great disadvantages that necessarily attended the-
.

opening of new lines, and the want of sufficient engine power
on the Company's line. Yet if such were the return made

them in those circumstances, they had whereon to
rest the most favourable calculations for the future.
The public, .he said, had complained of delays
upon the line, but he thought they could scarcely
expect that system could have yet been established on a
line just opened, where clerks, officers, and servants, of every
description were new; but the directors had taken every
means to remedy the defects complained of, rind he had
reason to expect that, in a short time, there would be no
ground for the complaint. Electric telegraphs would very
soon be erected on the Company's line as well as on the
Eastern Counties' line, which would tend to prevent de-
lays and accidents happening. Asto the extensions proposed
by the directors, they were entirely in the power of the
shareholders to adopt, and prosecute them or not, and a meet-
ing would shortly be called by the directors at which the
proprietors would have an opportunity of considering their
merits. The'Chainnan moved that the report read should
be adopted.
Capt. TYNDAL seconded the resolution.
Mr. YArres said before put ting the resolution he wished to put
some questions. 220,000/. worth of shares, he said, had been
allotted on the Dereham branch, and 110,000/. paid up ;
he wished to know for what purpose the other 110,000/. was
to be called up • also, what amount of capital the Company
meant to raise the new shares proposed in the report to
be allotted? lie reminded them that by the recent Act
they were empowered to borrow 78,7501.; were they, he
asked, to raise any part of that, or the whole, by new shares?
He thought the item 2,810/. ls. 4d. for advertising, printing,
and miscellaneous charges, and 1,7441. 2s. sd. for office
charges and salaries, were large. The 1,977/. proposed to be
carried forward to the next half-yearly account had been
raised from traffic on the Yarmouth line. He did not see
why the expenses of that line should be paid by the Norwich
and Brandon line, and therefore he thought that the 1,977 e
should be carried to the credit of the Yarmouth line, and
not of the revenue account.
Major COURT could not but agree that the items re-
marked on by the Hon. Proprietor were large.
The SECRETARY said, that they had their expenses greatly
increased by all the eontingencies'attendant on going to Par-
liament. The proprietors must know that that was very ex-
pensive. These expenses could not be charged out against
the Norwich and Brandon line; it was necessary therefore
that they should be carried to the capital account. However,
the amount of these for the tHCECTIt SIX months would form
no precedent of those to be incurred by the Company after
their lines had been fairly started.—(Hear, hear.)
Mr. Lents thought the expenses for the extensions, the
shares of which had been allotted more recently, should be
carried to a separate district account.
The SECRETARY said it would but create confusion and
not attain any proportional advantage.
Mr. ROSE congratulated the directors and proprietors on
the amount of return made them for the first six morels.
He quite disagreed with Mr. Yates as to the items in the ex-
penses which he had thought extravagant. He assured them
they were not so as compared with those of other Company's.
He begged to ask the directors when they expected
to have a sufficient engine power where they had complained
of a deficiency? Also, as to the leasing of the Ely and
Brandon line, why the arrangement had been abandoned?
He wished a'so to know when the Ely and Peterborough
line, and when the Dereham line, would be opened.
The CHAIRMAN said that waggons and trucks
were ordered and nearly completed. As for engine-
power, they would continue to increase it, and
iu the month of . April they would continue
to make additions till they had twenty engines on the line.
The agreement respecting the Ely and Brandon line was one
between their own Company and the Eastern Counties, but
at the wish of that Company it had been broken off. The
receipts charged in this account was the amount due to the
Eastern Counties for the working of that line, the arrange-
ment for which continued up to the Ist of March. The
Dereham line would be opened in the autumn; and the Pe-
terborough line would be opened in August.
The SOLICITOR said, in answer to a Proprietor, who wished
to know why they had abandoned concluding an agreement
with the Eastern Counties for the Ely and Brandon line,
that they had no power to compel the other Company to ac-
cede to it; and as that Company wished to withdraw, he had
advised the directors to concur.
The Cirenteeax, in answer to another Proprietor, said that
the interest they would have in the new Company with
which they proposed joining would amount to '250,000e
Mr. YATES wished still to know wherefore they should call
up the 110,000/. ?
The SECRETARY said the expenses of the Dereham branch,
on account of their throwing out branches to different dis-
tricts, would be heavy; ankas it would be necessary to erect
works at Norwich for the repair of their machinery, more
capital would be necessary, but he was sure they would see
it would be well laid out. The calls would be regulated ac-
cording to the amount required.
Mr. Micas referred to the accident which occurred on the
line in December last, and said he was glad to find that the
report of Mr. Robert Stephenson had been supported in
everything. By the report which he held in his band, drawn
up by the head engineer of the Great North of France Rail-
way, that gentleman had come to the conclusion, which Ge-
neral Paslev had condemned, that the construction of engines
which they had adopted was in every respect preferable.
Mr. BIDDER, the engineer, in answer to an Hon. Pro-
prietor, said the length 'of their line was 58 miles. He said,
before speaking of the sixpence per mile, he must remind
them that their expenses had been greatly increased by the
Dereham Branch, and also by the large provisions they had
made for other stations. They had not only been compietinf
the quantity of engine power and waggons, but they
been erecting at every station proper accommodation for all
their servants, that all of them might
_bye on the
Company's premises. They had also incurred expenses by
additional goods' stations constructed along the line, for the
accommodation of farmers and those who had property along
the line. One or two of these were finished, and they in-
tended erecting five or six more. Their cattle and fish
traffic was greatly on the increase, especially the fish, and
he had to assure the proprietors that this latter traffic would
require a larger amount of truck provision than they had
estimated. Without these expenses the line had cost
14,0001. a mile. Last week he said they had carried 1,000
bead of cattle, and 600 sheep, all of which their own engines
and trucks had brought up to London. He advised the
Company to purchase land along the line for the construction
of new stations, as other lines, which had not taken this
precaution before the land around had derived increased
value from the railway, had had to purchase afterwards at an
immense sacrifice.
The SECRETARY, in answer to some other questions, said
that the interest of 4 per cent. on the 20/. shares had not been
paid, and would not, for the sake of convenience, till the
whole of the shares were paid up. The new shares of 21.
proposed to be allotted, were made so small that all the
shareholders might have a portion.
The CHAiratAs then put the resolution to the meeting,
and it was carried unanimously.
It was moved by the CHAIRMAN, and seconded by Mr.
CASH—That the dividend of 5 per cent. on the capital paid
up, should be declared, according to the following propor-
tion :-.-Ten shillings per share on the Yarmouth and Norwich
20/. shares; seven' shillings and tenpence per share on the
Yarmouth and Norwich new shares, 17/. paid up ; seven
shillings and threepence per share on the Brandon shares,
upon which 16/. is paid; and ninepence per share, on the
10/. New Brandon shares; which was earned unanimously.
It was moved by the CHAIRMAN, and seconded by Mr.
LACON, that the directors should be authorised to raise
78,750/. by allotting 79,552 new shares, at 21. each. It was
carried unanimously.
A Proprietor then moved the re-election of the retiring
directors, viz. Adam Duff, Esq., John E. Lacon. Esq., and
Sir William Foster, Bart., which was carried unanimously.
'The auditors of the Company were then re-elected, and a
vote of thanks having been moved to the Chairman, the
meeting separated.

The accounts received on Monday at the Noble Lord's
residence, lin Dover•street, state that Lord Alvanley continues se-
verAr indisposed, qucl we regret to stote that faint hopes are enter-
talad of his Lordship's ultimate rctovary.
TEE LIVERPOOL CORN-LAW PETITION.--Upwards
of 50,000 signatures were attached to the Liverpool petition praying
for a total and immediate repeal of the corn-laws.
TIGHT LAClNG.—Pressure of the bones on the lungs,
whether brought on by muscular or nervous debility, or by mecha-
nical construction of the chest, has a precisely similar effect,
as pres-
sure elsewhere ; for it is impossible that the effect should differ,differ,
Merely because of the difference in the size of the parts compressed.
The results cf long-continued pressure are the same, whatever the
nature of the parts of the body exposed to as influence may be.
That one of the effects of pressure upon thdane lunt
up gs is difficulty of
attenon consumption.
breathing, a constant and harassing
and concerning the cause of which medical writers entertain such
various and contending opinions ;—I have completely satisfied myself
by a careful examination of the chest in a great number pf
--" Creaia ou Asiappois in cute tiCinggapticuin
. _