The Sun.
London, England, 1846-05-09 00:00:00

CbtrZr Zbition

THE FUNDS-(CLOSING PRICES.)

ONE CLOSING
O'CLOCK. PRICES.
Bank Stock .. 205% 205 205
Three per Cent. Reduced Annuities .. 95% 3 95%
Three per Cent. Consols Annuities .. 96% % 96%
New Three-and-a-Quarter per Cent. Anns. 97%34 97%
Long Annuities, Expire Jan. 5, 1860 .. 10 3-16 10 3-16
Ditto, 30 years, Jan. 5, 1860 .. 10% 10%
India Stock .. .. 265 265
_ .
India Bonds, 1,0001.
Consols for Account
Exchequer Bills.
1,0001...
5001. ..
Ditto. Small

BRITISH FUNDS.

1%d.•

96%% 96%
I)4d.
27 pm. 24
27 24 pm. 24
24 27 pm. 27
ONE CLOSING
O'CLOCK. PRICES.

FOREIGN FUNDS.
Peruvian Bonds, 6 per Cent.
Ditto, for the Account
Spanish Bonds, 5 per Cent
Ditto, Passive Bonds
Ditto, Three per Cent ..
Dividends on the above payable in London.
Belgian Four-and-a-Half per Cent .. 96%
Dutch Two-and-a-Half per Cent .. 59%
Ditto. 4 Der Cent. Certificates .. 91%
BUSINESS CLOSING
PAID. DONE AT PRICES.
ONE O'CLOCK.
5%

_

PRICES OF
RAILWAY KURT'S.

Aberdeen
Amber., Notting., Boston, and
Eastern Junction .. 2% •• • • 1% ••"•• • • • '
Birmingham and Gloucester.. ..100 ••••• • " • •
Ditto New (issed at 7% die.) .. 17 g. •• • - •• • • • •
Birmingham and Oxford Junction 2 .• • ••••• • • • • •
Bristol and Exeter .. •. •• 75 "85 "••• • • • •
Buckinghamshire 425. .. • . 3,41, I%P • •
Caledonian .. .. • • 10. ••• • ••'' " • •
Ditto, Extension 2Xa• • • • •• • ..... • •
Cornwall and Central Devon. • . •?s -3,

5%

96
59%,
91%

31%
2%

P
2

Direst Manchester (Rastrick's) .. 5
Direct Northern . • • • • - • • 2% .. 1% 2.
Dublin and Belfast Junction .. 10
Dublin and Galway • • • •
Eastern Counties .. I4L 165....• 231,4 %
Ditto New
Do. Perpet., 5 per ent. . . 61. 13s. 4d.
Ditto, ditto, .. .. No. 2. 61. 13s. 4d. jl p
Ditto, York Extension .. • • 103. 17,
Edinburgh and Glasgow • • •. 50 .. _ 75 77 ~
Ditto Ye Shares .. .. 10 18 .....
Ely and Huntingdon .. 5%
••• • • •
Exeter, Yeovil, and Dorchester .. ~
~
Goole, Doncast., and Sheffield, &c. 425..... 4p...... •• •
Great Southern & West. (Ireland) 20 •• • • 2539
Great North of England . ..100 ....215 217
Ditto, New ••••••••
•
Great Western .. ~ 85
Ditto, Quarter Shares .. .. 5 Tg% •.. •••
• • 18%
Hull and Selby .. „„ 59 „, „
„103;,,, „ •• • • 103%
Ditto, Quarter Shares 12% „••• • • • • 204
Ditto, Half shares .. .. 7 „ „ ...... • • 28 28
Ipswich, Norwich, and Yarmouth 2 .... 14 ••••• • • • • • 1%
Leicester and Bedford....
~ d • %.7
Liverp., Manch., & Newc. Junct. 2% .... 24% •••• • • •
London ant Birmingham , ..100 ....228 .. •• • • .... 228
Ditto Quarters 2 . 29% ••.. • • • 29%
.
London and Blackwall 161. 139. 4d. ..... • .... 8
London and Brighton .. •-50••••—• • • • • • • • • • 65%
Ditto ditto Fifths .. 20 .... 31% 31%
London and Croydon .. • • 131. 15s. 9d. 224 224
London and South-Western.. 411. 6s. 10d. 78 79 .. • _ 79
Ditto, New Consol. Eighths •. 34 .•.. 53 ..... ..... 533,4
Ditto, New • 12% 24
London and York .. •• • • • • 2% •• • -2% ••••• • •• ••
Ditto, Half Shares • • • • • • 2% • • • 2 ...... • • 2
London, Salisbury, and Yeovil • 2% .... 134 .
1
Londonderry and Coleraine .. 10 .... 6c, .... 7144
Manchester and Leeds .. • . 82
Ditto, Quarters • • • • • . 2 .... 10 . • ..... ... 10
Ditto, Fifths • • • • • • • • 3 .... 13
Manchester and Birmingham .. 40 .
Ditto, Quarter Shares (A) • • 4 .... 12% .......... 12%
Ditto, Quarter Shares (B) .. 4 .... 12% .......... 13

5%
1%
U P
25%
217

894
134 p
214
156
33
125
4534
9%
20,!,4
1%
2736

Ditto, Quarter Shares (C) I ...• .. •• • .
Manchester, Buxton, & Matlock 425..... % p......
Manchester and Southampton .. 2 .... 2
Midland ..100 ....155 ..
Ditto, New ~ 18 .... 32% % 33%
Ditto, Birmingham and Derby 100
Newcastle and Darlington Janet. 25 .... 44%
Ditto, New . 1 .... 10
Newcastle and Berwick .. .. 10 •• .. 20%
Newark, Sheffield, and Boston .. .... 1
Norfolk .. .. 20 27%
North British .. 22%
Ditto, Half Shares ..
Ditto, Carlisle Extension .. I %
North Kent and Direct Dover • • 23.,.. 1 % ..
North Staffordshire .. 425..... % 1)• ••• • •
North Wales ..
•
Oxtil., Gosport, Portsmouth., and
Southampton • . 425. 1 die.. .. • • 1 dis.
Scottish Central .. . 10 .... 15% •••• . • • • 15%
Shrewsbury and Birmingham .. .... 3% ..... • • 3%
Shropshire Union .. 423. % dis....
South Midland .. 425..... 1% I P
South Eastern and Dovor 33% .. 41% 40% 41 40 % 40%
Ditto. New (iss. at 32/.) No. 1. 16 ... 21 .... • • 2l
Do., New (do. 331. Gs. Bd.) No. 2. 10 .. 14% l4
1)0., New (do. 301.) .. No. 3. 15 .... 17 .. • • .... • • 17
two., New (do. 151.) .. No. 4. 2%,... %•••• • • . • 3%
Warwickshire and London • .. 425. dis,
Wexford, Waterford, & Valeatia 1%....
Welsh Midland 2%
West Riding Union .. • • .. 425..... 2,4.3 p.. •• .
Worcestr., Herefd., Ross, & Glou. 425. •
York and Carlisle .. 2%.... 1% . .....
York and Lancaster 2%
York and North Midland .. 10
Ditto. Scarborough Branch .. 25 ....
Ditto. Extension .. 15 .... 34
Do. E. and W. Riding Eaten... 1
FOREIGN RAILWAYS.
Central of Spain .. .. 2 .... 1i . .....
Dutch Rhenish .. .. 5 ....
East Indian . 55. s %
Great Western Canada .. 3%
Jamaica South Midland Junction 1 ....
Luxembourg
Namur and Liege .. 6 ....
Orleans and Bordeaux .. 6
Paris and Lyons Constituted .. 5 .... 7 i
Paris and Strasbourg Constituted 5 .... 5%
MINES.

... _
..... . - -

114
14

314 p
........ 114 dis
1%
154

17.
44
10%
7%

ca dcl !dente, Unregistered .. 314

MANCHESTER AND SOUTHAMP-
TON RAILWAY.—(THIS DAY.)
A special general meeting of the shareholders in this
important railway was held at two o'clock this afternoon,
at the Company's Offices, 19, Great George-street, West
minster, in compliance with the sessional orders of the
Houses of Parliament with respect to new projects, and
to consider whether they should proceed with or aban-
don the undertaking.
Sir John Barker Mill, Bart., occupied the chair. A
considerable number of shareholders were present,
among whom we noticed Lord Duncannon, the Earl of
Wilton ; It. Etwall, Esq., M.P. ; Thomas Gisborne,
Esq., M.P. ; Sir J. Tancred ; George Stephenson, Esq. ;
William Jackson, Esq. (chairman of the Chester and
Birkenhead) ; J. P. Westhead, Esq. (chairman of the
Manchester and Birmingham) ; David Waddington,
Esq. (deputy chairman of the Eastern Counties) ; and
A. Pryton, Esq. (director of the Midlands).
JOHN WHEELER, Esq., the secretary, read the adver-
tisement convening the meeting. A report, of which the
following is an abstract, was circulated amongst the pro-
prietors present :
" The directors had availed themselves of the earliest day
permitted by the arrangements required under the new ses-
sional orders to meet their shareholders, and to invite their
opinion upon the propriety of prosecuting this undertaking.
They admitted the general necessity which had arisen for the
adoption of measures to test the feeling of the parties in-
terested in the multifarious projects to which the last year
gave birth ; and though the task of ascertaining those feel-
ings was in many instances a most arduous one, it had
resulted, in the case of the Manchester and Southampton
Railway, in the gratifying and almost unparalleled fact that,
up to the date of this report, not one expression of dissent to
the progress of the measure had been conveyed to the corn -
pony The directors recognise in this fact a pleasing evi-
dence of the estimation in which this line is held, and of the
confidence reposed in them by their subscribers. Its
permanent abandonment was, of course, impossible.
The necessity for such a line had been demonstrated, and an
abandonment of it, therefore, by its present promoters, would
merely result in its immediate adoption by other parties,
who would thus step in to reap all the advantages which
this Company has secured by the expenditure of much
money and anxious toil. Its postponement to a future ses
sion might result in a revival of some or one of the com-
peting schemes to which the successful prosecution of this
undertaking had given the death-blow, and in a conse-
quent costly contest for ground, of which this Com-
pany might be said now to have exclusive possession.
It is well known that for a considerable proportion of the
entire length the works are exceedingly light, and that
arrangements made by the directors with the proprietors of
the Andover Canal must materially facilitate the construc-
tion of the railway. These and other circumstances would
enable the directors to refrain from calling more than 21. per
share prior to the year 1848; and the directors propose, if so
permitted by Parliament, further to restrict the future board
of direction from calling more than 41. yearly, except with the
sanction of their shareholders • and they also cotemplate
the taking of power to allow interest upon the calls, if the
body of shareholders shall deem
,ru etnd tov
',sable. At the same
time, although it is deemed
from Parliament, such is the confide.nceasol these provisions
the soundness and remunerative character the directors in
under-
taking, that they do not anticipateo theirth
rence of any necessity for their practical c'ecur-
appli-
cation. The shareholders were aware. that
were sought in the Company's Bill fort the Midlandsowes
Company to subscribe 400,0001. to this undertaking. The
Bill was approved at a special meeting of Midland proprietors,
on Saturday last. The directors had only to add, that the
committee appointed to investigate the merits of the group
of lines, of which this was the principal, would meet in the
week commencing with the 25th, and that it would be a
source of added strength to them in passing that ordeal, if
themeeting
should be pleased to express unequivocally its
continued confidence in, and its determination (unanimous,
as the directors hoped) to prosecute the undertaking."
The CHAIRMAN said, as the advertisement so fully
specified the object for which the meeting had been
called, he should not then offer any remarks, but should
call on his friend Mr. Walkinshaw to enter into detail
with respect to the railway.
JAMES WALKINGSHAW, Esq., of Old Park, Isle
of Wight, deputy chairman of the Com-
pany, then proceeded to address the meet-
ing. He said, after referring to the object for
which the meeting had been called, that it gave him great
gratification to state, as he was sure it would to every
one present, that the question had been actually
settled, because the immense number of 44,000
shares had been registered in favour of proceeding with
the line, and that there were only twenty shares dissen-
tient.—(Cheers.) This was the more gratifying, be-
cause by their Bill they were only required
to produce 26,000 shares, the assent of 15,000
of which would have been sufficient to
have empowered their proceeding with the Bill. But,
as he had stated, they had on their books 44,000 assents,
independent of others, who were in favour of proceeding
with the line, but who had not yet handed in their re-
turns. Such a result was l a most unparalleled in
the meetings which had taken place, and were
daily taking place, in cousequence of the or-
ders of Parliament.—(Cheers.) Besides, out of the
thirteen or fourteen projects started in opposition
to their
line, not one had survived to be brought
Parliament.—(Hear, hear.) He ivas:gainst them in
that the last of these projects, the Oxford,atpoyuthtao state
and Gosport, or Mr. Bethel's line, received its Southampton,
and n,
last night, by being thrown out of the Standing quietus
Committee, ninety-five serious and ably-sustained
allegations having been proved. He then re-
ferred to the mode in which they had
allotted their shares, through the hands of parties re-
siding in the districts through which the line was pro-
posed to traverse, and which he was happy to state had
met with the greatest success; as, on examining the re-
turns, they found that the applications made for shares
were considerably in excess of the number which could

be allotted.—(Hear.) Young railways were, perhaps,
too sanguine with respect to their traffic, but they
would pardon him if he merely stated the fact, that
the local traffic of the line, as exhibited in the
returns, showed its capability of returning 5 per
cent. on the whole outlay, and independent
of that traffic from the north, which the
line was principally projected to accommodate.—
(Cheers.) He then read extracts from official returns,
which set forth that Southampton was one of the most
important ports in the world, and that it was yearly in-
creasing in prosperity, as in 1845 the exports amounted
to 2,750,000, being one-sixteenth of the whole exports
of the United Kingdom— (Cheers)—and if the railway
were made it could not fail to be the point from which
three-fourths of those leaving England. would embark.
In addition to the traffic formerly mentioned, they would
carry sand from the Isle of Wight
had
now to Birmingham,
where it would be manufactured into glass, but it
now to go by a very circuitous route by the South
Western and the London and Birmingham before it
reached its destination. After referring to the no-
lidemen who were in favour of the line, some of
whose property it would intersect for several miles,
Earl Bathurst, Earl Bruce, Lord Palmerston, the Chair-
man, and others, and having read letters from Earl
Bruce, Lord Ernest Bruce, and Edward Tootal, Esq.,
expressing their inability to attend, but expressing
themselves highly of the undertaking and of its certainty
of success, he proceeded to enumerate the towns which
it would accommodate, the inhabitants of which had
sent representatives to the meeting, to give in their as-
sent to the line ; then they had two of the most eminent
engineers, George Stephenson and Mr. Bidder, who
asserted that the line could be constructed at less than
18,0001. a mile. He concluded by saying that it could
not fail to obtain the sanction of Parliament, as it
would accommodate districts now without direct com-
munication to the manufacturing districts, and was not
adopted with the view of opposing any established lines.
The line was not intended to form &junction with Swin-
don on the Great Western, but with a town of the same
name in Gloucestershire, on the Bristol and Gloucester
Railway. There could not be a doubt that the line
would receive the sanction of the Legislature, as many
Hon. Members and Noble Lords were in favour of it.
and, besides, the Government entertained a favourable
opinion with respect to it.
The Earl of WILTON then proposed a resolution em-
powering the directors to proceed with the Bill.—
(Cheers.) After the able and lucid statement of Mr.
Walkinshaw, it would not be right for him to detain
them with any observations of his own. He assured
them that he should feel most happy to co-operate with
the directors in promoting the success of the project,
which he considered would confer great benefits on the
country which it would traverse.--(Cheers.)
The MAYOR of SOUTHAMPTON seconded the motion,
and in doing so, stated that he represented there
townsmen and scripholders to the number of 5,000 or
6,000, who were unanimous in favour of the project.—
(Hear.) If Southampton had prospered from year to
year by a circuitous communication, it could not fail to
be enhanced by a direct communication with the manu-
facturing parties of the north of England.
Lord Duricarirrorr then proposed that the chairman,
deputy-chairman, and officers of the railway be em-
powered to fix their seal to the Bill, and in doing so
highly eulogised the project.
WADDINGTON, Esq., Deputy-Chairman of the
Eastern Counties, seconded the motion.

H. ETWALL, Esq., M.P., said he uttered the sen-
timents of the inhabitants of Andover, which he had the
honour to represent, who were unanimously in favour of
the railway, as they considered that it would confer
great advantages upon them. He concluded by stating,
that in the whole course of his experience he had never
met with a body of men more competent to be entrusted
with the management of a great company than the
Chairman and Directors, and, in short, the whole of the
officers of the Company.—(Cheers.)
The resolutions were then put to the meeting, and
carried unanimously. Great applause followed the an-
nouncement of the fact. _ _

J. P. WESTHEAD, Esq., Chairman of the Manchester
and Birmingham. Railway, also highly eulogised the
business-like management of the Chairman and Direc-
tors, and concluded by proposing that the thanks of the
meeting be given to them for their services.
W. M. TWITT, Esq., of Cheltenham, seconded the
motion, which was carried unanimously.
F. GISBORNE, Esq., M.P., returned thanks in a hu-
morous speech.
Mr. JACKSON, of Birkenhead, proposed that the spe-
cial thanks of the meeting should be given to Mr. Walk-
inshaw, the deputy chairman of the company, which was
seconded by Mr. GEORGE, and carried.
Mr. WALKINSHAW briefly expressed his acknowledg-
ments.

A vote of thanks was then passed to the Chairman,
who returned thanks, and the meeting, the most nume-
rous one we ever attended, broke up.

OVERLAND ROUTE TO AUSTRA-
LIA.—(THIS DAY,)
A most respectable meeting was held this afternoon at
the Assam Company's Rooms, 30, Great Winchester-
street, of the committee appointed at an adjourned
general meeting. The following gentlemen of the com-
mittee were present :—Hon. F. Scott, M.P. (chairman) ;
Joseph flume, Esq., M.P. ; Captain Stokes, R.N. ;
Mark Boyd, Esq. ; James Browning, Esq. ; John W.
Sutherland, Esq. ; Henry Wise, Esq. ; H. T. Prinsep,
Esq.; Lieut. Waghorn, R.N. ; Captain Barber ; Captain
Henderson ; J. Montefiore, Esq. ; Samuel Brook, Esq. ;
Lieut. Cruickshank; Buckle, Esq.; Lambert, Esq.
After reading the minutes of the last committee meet-
ing, the several plans were handed in and separately
read. These were from Mr. Sharp, Mr. Wheeler,
Captain Henderson, Lieutenant Waghorn, and Mr.
Smith Evans, the latter gentleman only having
draws the committee's attention to a map, without
beingaccompanied with any details it could not be enter-
tained so fully as it might have been if such had accom-
pan;ed it. The utmost unanimity attended the different
readings of the plans, which indeed threw new light upon
the subject. Ultimately, after much general conversa-
tion, it was agreed that a Sub-Committee, to inspect
these several plans and report thereon to the next
meeting of the General Committee, should be appointed.
A memorial was laid upon the table, from the Legis-
lative Council of Port Jackson, praying that her
Majesty would be pleased to extend the blessings of
steam navigation to them, in common with other great
portions of our empire.
Captain BARBER stated that Government paid
260,0001. to the West Indies, and 160,000/. to the East
Indies, extending to the whole continent of China. The
Committee were convinced that under the Government
of our common country the blessings of steam would
soon dawn upon Australia.
The Hon. F. SCOTT, M.P., stated that his aid would
not be wanting. Mr. Hume left the meeting perfectly
disposed in its favour, promising his utmost support to
the speediest communication between Singapore and
Port Jackson, leaving for the present the other places
within the fifth huge continent of the world
to be accommodated in time, and he doubted
not that the Committee present would do
all in their power to obtain it, but he thought that part
was more intimately connected with the colony itself,
and that the colony itself should devise means for its
local communication between Swan River and Pert
Jackson.
It was moved by Captain BARBER, and seconded by
Captain HENDERSON—
" That a Sub-Committee be appointed to examine the re-
spective merits of the several plans brought before the Com-
mittee, and to consist of the followieg gentlemen, three to
;orm a quorum ; and that the Sub-Committee meet at twelve
o'clock on Tuesday, the 13th of May, at 30, Great Winchester-
street."
The following were the gentlemen appointed to form
the Sub-Committee:—Hon. F. Scott, Capt. Stokes, R.N.,
Mr. Wise, Captain Henderson, James Cruickshank,
Samuel Browning, Captain Barber, Mark Boyd, J. W..
Sutherland, Robert Brooks, Lieutenant Waghorn, Mr.
Lambert, Mr. Montefiore, Mr. Prinsep.
Upon the whole, the proceedings were highly inte-
resting. Captain Stokes, R.N., of the ship Beagle, who
surveyed the Torres Straits, read extracts from a
pamphlet published by him two years ago, altogether
bearing upon Port Essington as a depot, and the line of
communication recommended by Lieut. Waghorn.
The meeting then broke up.