The Sun.
London, England, 1848-11-23 00:00:00

THE SUN, LONDON. THURSDAY EVENING,

London, Sllisbury, & Yeovil 114 — to
Londonderry and Coleraine... 2834 — ...... to ---
1 ondozdern- and Enniskillen 271,E —
1,, 71,0:itO!C (guar. 4 per cent.) 'A
I3itto (guur. Ii per cent. ... 13
111,,nch. thixion, & Matlock 4

Anchr, Sheik d, and Linc.loo

to

i)itto >a Shares( No. 1) ... 18
Ditto, ditto (No. 2)

Ditto, 14; Shares (N 0.3)... 10 ......
Da., Ntsv 10.. rref.!,rence.. 10 ..... 9%

Ditto Grimsby ...
Ditto, ditto.

•
Ditto, ditto
I)itto Sheffield will Line. 15 ......

I;itto, Grimsby Dock ...... 20
Ditto, Man. & Lin. Union 4/. 23....
100 ...... 77 -- to 76%

Ditto, Consol. Preterenee...100
Ditto, 50/. 5hare5,.......... 20
Midland, liirrn., and Derby...loo ...
11i(lland, Conßol. 13risiol and
i3irrningliam. 6 per cent.... 100
:11idland, Bristol and Glouc. 38 ... ..
Ditto ditto 14/.185...

Midland, Leices. and Swap-
ning-ton (8 per rt.gua.)....100
Great West ern (Irish) 45

Middlesbro' and Reclean C

per cent. guar. ......... •... 50
Neweastie and Carlisle lOO ......
Ditto Quarter Shares , 25 to
Newmarket ......... 20

Ditto Extension Scrip... 21. ,2s. —
Newport Abcrgy., and Beret. 6
Newry one; Enniskillen ...... i -
Ncwry, Warrenpoint, and
flostreTor ..... .........,.... 20
Nortolk
Ditto New 20/.

Ditto'Guaranteed 5 per ct. 20
Do. Do. 5% per cent 5 ..... 17!4 :to
Do. do. Waveney Valley... 2 - _es -.-
Northern Counties Union ... 4
North British
Ditto Flail Shares. »........ 121% — ...... t 4,
Do. Quarters 614 —
Ditto. Extension
Ditto Thirds .... ...... 81A ...... 31„,i to
North and South-Western... 2 .. .. ..
North Staffordshire...
North Wales
_ _

North Western ,_
10
Oxford, Worcester, and Wol-
verhampton
Reading,Guildid., & Reigate 10 ...... 9 to
Royston and Hitchin ..... .. 2 ---
Scottish Central
Scottish Midland ..- .......
Ditto, New... l7

Sheffield, Rotherham, and
Goole 7%..... ...... to
Do. do. , South Div.) 4
Shrewsbury and Birmingham 9 — to
Ditto. litte, Class B. 5
Shrewsbury and Hereford .. 2
larewsbury and Cheater
(Nor. NV . Min.)
Ditto Halves, Ditto... 81,,4 — . ... to
Ditto, Uswestry 1734
Ditto ,New) 1
.__

Ditto 8 per Cent. Pref....... 10
Shropshire ,Union
South Devon 5O „....
Ditto. Preference ...... .. ... 25
South Staflordshire
South Eastern
Ditto, No. 1.
Ditto, No. 2.
Ditto, No. 3. 25
Ditto New, No. 4. Thirds 10
South Wales

South Yorkshire, Doncaster
and Goole
Swans. and Loughor and Ca-
meron's Stm. Coal ...... ... . 6 -
taw Vale Extension
Thames Haven Dock and
Railway 171,! —
Vale of Math
Waterford and Kilkenny 171,8.....• --
Waterf ord and Limerick ... .. 47 V 5••• ..
Waterford, Wexford,Wicklw,
and Dublin
Wear Valley 6 per Cent.
Guaranteed
Do. do. do.

Do. do. do. ...... .. 10 ... ..
West Cornwall
West London
Ditto, First Class 2O

Ditto, Second Class to
Al hitehaven and Furness l3 .....
Windsor, Staines, and South
Western... ..

......_......._. __ - . __
Wilts,Somerset,&Weymouth 40 — ..... to
York, Newcastle, and Berwick 25
Do. Original New & Ber'ck 25
Do. Eaten. No.l (Y. &N.) 15 -
Do.;do. No. 2, NewS4l3. 15
Do. G. N. E. Pur. or Pref. 8
Y irk and North:Midland .. 50
Ditto, rreterence -
Ditto East and West Riding
Extension ... . ... 25
FOREIGN RAILWAYS.
Anglo Italian (late Italian
and Austrian
Boulogne and Amiens 2O ...... —) ...... to
Central of France ( Orleans
and Vierzon) ...
Ceylon .......
/2 ""
Demerara. .....
Dendre Valley
Direct Bombay and Madras ss. .... .
Dutch Rhenish 7% — to
East Indian ...
13reat Indian Peninsular
Louvain ala Sambre .......... 7% — ...... to
C uxembourg
Ditto
A: adrid and Valentia
Namur and Liege . 2O
Northern of France l2
Orleans and Bordeaux ... .. 7
Paris and Lyons
Do. Da
Paris and Orleans... 2O
Paris and Rouen ..
Paris & Strasbourg ..... ..... 9 ...... 1% to
Rouen and Havre 20 -
Sambre:and Meuse
Strasburg and Bale ..... ...... 14
Tours & Nantes ... - ...... .. 9
rournay, Jurbise, Landen,
and Ilasselt ..•• .. 2e ••..•. —••-•• to
West Flanders B4 — to
JOINT STOCK BANKS.
Australasia -
British North American .... 50
Colonial ..... •.....•..••• ........ 25 •••• • - • •4. tO -
Commercial of London
London Joint Stock .... ..... 10
London and Westminster... 20
National Provincial of Engld. 35
Ditto, New '
National of Ireland ... 22% — ..... to
Provincial of Ireland

Ditto, New lO
Union of Australia
Ditto, New
Union of London .... 10
Union of Madrid
MINES.
Anglo II exican lOO ......
Asturian Mining Company... 14 ......
Australian
Blaenarvon Iron and Coal ... 50
Bolalios:Scrio E... — -
British fro], . l2 ..... to
Brazilian Imperial ..... ..... 24%...... to
Ditto Cocaes and Cuiaba... 30
Ditto St. John Del Rey ... 15
Cobre Copper
General Mining ....... -...... 20
Heal del Monte, Unregistered . .. .. ... to
Do. Black Debentures —
Do. Red Debentures ..... -..—
Santiago de Cuba lO
United Mexican

LLOYD'S SHIPPiPIG—(THIS DAY.)
LONDON, Nov. 23.—Wind S., light breeze, and fine
clear mild weather.

CORK, Nov. 20.—1 t blew a gale here last night fr(na
south.
LIVERPOOL, Nov. 22.—Wind S.S.E., hard.—Arrd.
21st, W. 11. Harbeck, Strain, New York ; Memnon,
Gordon, New York ; 22d, Aqua Marine, Callao ; Ash-
burton, Batchelder, New Orleans ; Marmion, Freeman,
New York ; Oxford, Goodmanson, New York ; Heron,
Driver, St. John's, New Brunswick. Sld. Digby, Sydney,
New South Wales ; Endymion, Calcutta ; David Legg,
Monte Video ; Joseph, Christall, Rio Janiero ; Salem,
Gibson, New Orleans ; Chippewa, New Orleans ; Ann,
Dashwood, New Orleans • Ocean Queen, New Orleans ;
Grampian, Mobile ; Sabbatis, Virginia ; St. Patrick,
New York ; Clarence, New York ; J. Z., New York ;
Veronica, Newfoundland ; Windermere, Africa. Off,
Diamond, Thompson, Porto Rico.
WHITSTABLE, Nov. 22.—The Friends, for Middle-
borough, which went on the Main, has been got round
to the mouth of the harbour, and will be hauled in next
tide.
RAMSGATE, Nov. 22.—The Cito, from Memel, which
put in here yesterday, leaky, has commenced discharging.
WEXFORD, Nov. 21.—The St. James (of Boston),
Long, with cotton, bound to Liverpool, was driven on
shore last night, at Kilmore.
ALDBOROUGH, Nov. 22.—The barque Lord Stanley,
from London for Newport, in ballast, was brought into
this port, with damage, by the Wonder, at Harwich.
JERSEY, Nov. 20.—Arrd. Swift, Le Scilleur, Labrador.
CARDIFF, Nov. 21.—Arrd. Galatea, Swatridge,
Quebec; Eldon, Gillespie, Quebec. Sld. 20th, Katherine,
Pi eston, Matanzas.
DEAL. Nov. 22.—Wind S. to S.S.W., fresh.—Put
back, Eweretta, Livingstone, for Grenada.
LANCASTER, Nov. 21.—Arrd. Marys, Restigouche.
LYNN, Nov. 22.—Wind S.W.—Arrd. Maria Louisa,
Gothenburg.
The Sea, hence, arrived at New York, in twenty-two
days. On the 28th ult., about the middle of Newfound-
land Banks, passed a spar with some rigging attached,
resembling a schooner's masthead, four or six feet above
water, standing perpendicular. On the 29th, on the
western edge of the Banks, passed great quantities of
new-sawed three-inch planks, apparently not long in the
water. On the 4th instant, in lat. 40 17, long. 68 49,
passed the wreck of the brig Juanita, of Waldeboro,
loaded with lumber, dismasted and waterlogged ; found
she had been stripped of everything moveable; boarded
her and set her on fire; saw her burning several hours
afterwards.
Tne Winnegance, from Newcastle, has arrived at New
York. On the 11th ult., in lat. 48 30, long. 34, spoke the
British brig Joseph Anderson, from Saguenay for Lon-
don, and supplied her with provihions, she having on
board part of the crew of the ship Michigan, of Port-
land. Mr. Miller, second mate of the Michigan, states
that they were bound from Glasgow for New York. On
the 29th of September, when twenty-one days out,
in lat. 44 30, long. 47, experienced a heavy. gale,
which caused the ship to leak badly ; tried the
pumps, and had about 700 strokes before they
sucked ; the leak increased, and the water gained fast
upon them, although the pumps were kept constantly

going night and day. Oct. 3.—While lying under close
reefed maintopsail, fell in with the brig Joseph Ander-
son, when Captain Mason, his wife, Fred=. rick Stinson,
first mate, and three seamen, left the Michigan in a
whale boat for the brig, which was lying to under the
former's lee. When within about 20 yards of the brig a
sea capsized the boat, and all on board were lost. Cap-
tain Mason and his wife were not seen after. Mr. Stin-
son and the three men were seen cn the boat's bottom for
about an hour. The ship and brig were git about as
soon as possible, but too late to save any of the unfortu-
nate men. Oct. 4 —The second mate, with the balance
of the crew, I I in number, succeeded in reaching the
brig in the ship's long-boat. When the Michigan was
abandoned she had seven feet of water in her hold,
although the pumps had been constantly at work.
Since the 29th of September the second mate further
states, that they were in company with an American
barque. One night, while on the wreck, and using every
the ails in their power to let them know their situation,
by tire-arms, the barque answered, showing them lights,
&c. At daylight hoisted our flag half-must high, and
union down, to no purpose, for in a light squall the
Large left them.

AiAItKET NEWS.-(THIS DAY.)
ItrXIVJGATE AND LZIADE

These markets were very dull to-day, at barely sta-
tionctry prices Be( f, from 2s 4d to 3i 6d; Mutton,
3s 44 to 4s 4d; Veal, 3s 2d to 48; and Pork, 3s 8d to
4s 8d per 81bs, by the carcase.

MEAT MARKETS.
SOUTHALL, Nov. 22.—Fur each kind of fat stock, we
bad a heavy demand, at drooping prices. Beet, from 31
to 4s; Mutton, 3s 10d to 4s 8d ; Veal, 3i to 4s; and
Pork, 3s 10d to 4s 6d per 81bs, to sink the offal.
liomFoan, Nov. 22.—Prices generally were lower
than on last market•day, with a heavy inquiry. The
supply was seasonably good. Beef, from 3s to 4s; Mut-
ton, 3s 8d to 4s 10d; Veal, 3s 4d to 4s; and Pork, 4s
to 4s 6d per 81bs; Suckling Calves, 17s to 245; and
quarter old store Pigs, 16s to 21s each.
HAILSHAM, NOV. 22.—Our market was fairly sup-
plied with each kind of stock, the sale for which was
heavy, at drooping prices. Beef, from 3s 4d to 48 ;
Mutton, 4s to 4s 10d; Veal, 3s 6d to 4s; and Pork, 4s
to 4s 4d per 81bs.
ARUNDEL, Nov. 21.—Beef, from 3s 6d to 4s; Mutton,
4s 2d to 4s 10; Veal, 3s 6d to 48 ; and Pork, 43 2d to
4s 6d per Sibs. A full average supply, and a heavy
demand.

CHICHESTER, NOT. 22.—The primest Down Sheep
sold at full prices ; otherwise, the trade ruled heavy, at
drooping eurrencies:—Beet, from 3s 4d to 4s; Mutton,
4s to ss; Veal, 3s Sd to 4s; and Pork, 4s to 4s 6d per
81bs. Quarter old store Pigs, 13s to 19s each.

1 YORK, NEWCASTLE, AND BER-
WICK RAILWAY.
TO 711 E LDITol? OF THE SUN.
SlR,—The public generally are indebted to you for
the able and persevering manner in which you have
exposed the infamous " hearing" in the rail way market;
such able advocacy has probably prevented still
greater depreciation ; and yet the depreciation in
every instance has been so unwarrantable, so sense-
less, that the owners of railway stock appear to have
been quite demented, at all events, entirely lost to the
dictates of reason and common sense.
The York, Newcastle, and Berwick stock is a case
in point. That company published, perhaps, the most
satisfactory exposition of its condition ofz:11 the railway
statements. As you, Sir, truly and forcibly observed,
it proved that" the undertaking which they (the share-
holders) have embarked in is of the soundest descrip-
tion, and that it affords prospects of success that can
be equalled by few, and probably not surpassed by,
any similar undertaking in the British dominions.'
Nevertheless down went the stock, and the very
statement, which afforded good evidence for its ad-
vancement, has been used by the " Bears" to tear it
down. If you asked for a reason for this depression,
you were answered by a shake of the head and this
exclamation—" Oh, the company has only allowed
30 per cent. fur working expenses, whereas the Great
Western has allowed 40." Specious cn the face but
most fallacious below the surface. In the first place,
the working expel S2S are calculated upon long and
actual experience, and the merest tyro in commercial
matt,rs ought to know that certeris paribus the
working expenses of next year will be the same as
the last, and that the expenses of a series of
y ears affords sound data for ascertaining the
average expenses of future years. in the
second place, it evinces gross ignorance of
the working sources of the York, Newcastle, and
Berwick line : is it not obvious that that most expen-
sive article, coke, can be obtained by this company at
about half the price which it costs many other lines,
and that there is no line in England, whether in re-
ference to the main way, the plant, the officers—in
fact, the entire management—worked more cheaply
than the York, Newcastle, and Berwick ? In short,
can any person, not interested in disbelieving, doubt
the truthfulness of the following concluding para-
graph of the company's statement :
" In conclusion, the directors beg to assure the
proprietors that nothing can be more satisfactory to
the board than the present position of the company,
whether in reference to its traffic or to the expense of
working it, and they have no hesitation in expressing
their unshaken confidence in the soundness and stabi-
lity of the undertaking with the management of which
they are intrusted. This confidence is founded upon
their experience of the steadily increasing traffic which
every year has brought upon the lines notwithstand-
ing the check occasioned by the recent extraordinary
commercial depression, and upon their conviction
that, as a railway undertaking, the property is wholly
unassailable—that no traffic can be abstracted from
it by competing lines—and that an unfailing source
of continually improving revenue is secured to it in
the inexhaustible mineral wealth of the counties of
Durham and Northumberland."
Another and a very important fact I would direct
your attention to, and that is the traffic returns. The
York, Newcastle, and Berwick line is but 321 miles
longer than it was in 1847, and yet see how its traffic
verifies the directors' "experience of the steadily in-
creasing traffic ;" take in proof the returns of the
two last weeks and the corresponding weeks in
1847:-
1847. 1848. Increase.
£11,418 £13,632 £2,214
£11,056 £13,709 £2,653
If such " stubborn things" as the " facts" I have
mentioned do not outweigh the "baseless fabrication"
of the "Bears " in the mind of the British capitalist,
then is he not only non compos, but the prospect of
his being restored to a sound state of mind is dark
indeed.—l am, Sir, &c.,
Nov. 21, 1848.

VERAX.

YORK AND BERWICK RAILWAY.
TO GEORGE HUDSON, ESQ., M.P.

Six,—ln the statement of this company's affairs,
you estimate the future working expenses at 29 per
cent. As you have at the present time all the advan-
tages of cheap coke, and the expenses are 38 per cent.
(without any depreciation fund for the largest carry-
ing stock per mile in the kingdom), and are under
large permanent charges for stationary engines in the
steep inclines, wayleaves, damaged ground rents, and
leading expenses, in connexion with your coal traffic,
amounting to upwards of 60,000/. per annum, to all
of which other passenger railways are exempt ; I
only express the feeling of the whole of my fraternity
when I say what an inestimable boon you will be
conferring on all classes of society, especially to those
pecuniarily-interested in railways, by informing them
how, and by what means you hope to effect so im-
portant a saving.
A RAILWAY MANAGER.

RAILWAY PROPERTY.
TO THE E,1).(TOB OF THE SUIV.

Sia,—Under ordinary circumstances, one would
not think it worth while to notice the mere rumours
of the Stock-Exchange with regard to railway pro •
perty ; but, having seen in a late number of your
paper " that Eastern Counties Railway shares are
quoted lower, in consequence of a report that
the present dividend will not be maintained," I
have every reason to believe, Sir, that the divi-
dend will considerably increase, and that I have no
hesitation in saying, that a better investment, and
more safe or sounder one, cannot be—supposing even
the shares to be at par, instead of the present absurd
price.
Every one can now read for themselves the state-
ment just published by the company, and when the
traffic is fully developed we may expect, as Mr.
Hudson long since stated, a dividend of ten per cent.
Yours obediently,
A LOVER OF FACTS.
Ludlow, Nov. 22, 1848.