The Sun.
London, England, 1858-08-21 00:00:00

SMITHFIELD CATTLE MARKET.

Yesterday the attendance was good, and cattle sold early
at from 505. to 60s. per cwt. in sink. SUeep, from their
numbers, slower of sale, at 54d. to Old. per lb.; veal, 7d. per
do.; lambs, 18s. to 285. each. Two very fire lots of English
calves, three months old, were on sale at £4los. a Mad.

R Y INTELLIGENCE.
e- •
"TAFF VALE.
The half , • ting was held on Wednesday at Bris-
tol—Mr. J. 4 he chair.
The CHAr n moving the adoption of the report,
an abstract of , has appeared in the 21Iorning Post,
congratulated the proprietors en the present state of their
affairs. The strike which existed at the close of last half-
year, and which had been productive of such disastrous
consequences, had continued through some portion of the
present year; then came a reduction of the tariff under the
last Act of Parliament, and the general depression of the
trade of the country; and, by way of climax, the direc-
tors found themselves involved in a very serious Chan-
cery snit. The effects of the strike had been most disas-
trous, net only with regard to the permanent loss inflicted, but
(rem having diverted the trade of the district into other chan-
nels which it would take a considerable time to restore.
They were, however, recovering it slowly. To meet these
difficulties, the directors had been driven to economise as
far as practicable, and they bad effected a saving of £6,000
in the charges for the permanent way during the past
half-year. They could not, however, hope to maintain this
reductios, because the proper maintenance of the per-
manent way was essential to the working and safety of the
line. (Hear, hear.) By this saving, and by taking
£4,000 from the balance from the last half-year, they
ware enabled to recommend a dividend at the rate of
7k per cent. per annum. (Cheers.) The proprietors
would observe that the earnings were £20,000 less
than during the previous year. This loss had been prin-
(tipsily occasioned by the strike and by the reduced "
tariff of the company. As to the future, he could only hope
that by strict economy and an increase of trade they might
look forward to be able to maintain their present dividend.
(Hear.) The chairman then alluded to the serious increase
in the charges for rates and taxes, and expressed a hope
that railway companies would shortly obtain some legisla-
tive relief in this particular. With regard to the new
works, they would be proceeded with with great caution.
Mr. W. D. BUSHELL seconded the adoption of the report.
Mr. F. S. HEAD offered some suggestions for rendering
the accounts more explicit.
The motion was then put and carried.
On the motion for the re-election of Lord James Stuart
and Messrs. Rudhall and Carlisle as director!,
Mr. E. J. HUTCHINS hoped the hoard would consider
the present market price of their shares, with a view to its
improvement. At present, while they were paying 71 per
cent., their shares were quoted only at 128, while V-c Vale
of heath, which had never paid more than 4 per cent., and
was now paying £3 155., bad their shares at par.
The CHAIRMAN attributed the fact of the low price of
their shares to the singular circumstance that they were
not quoted in the London Stock Exchange, and never had
been. The shares were very rarely in the market, and it
was very singular how few had changed hands until the
late distribution of stock.
The motion was then put and carried.
The CHAIRMAN them asked the consent of the proprietors
to a donation of £25 towards the erection of some schools
projected at Cathays for the education of the children of the
workpeople in the employ of the company.
Mr. ISAAC RIDDELL moved that a sum 0f.e50 be granted
for that purpose, which was carried by acclamation.
The usual vote of thanks to the chairman and directors
terminated the proceedings.