The Sun.
London, England, 1857-09-15 00:00:00

11014 CASTER 11,ACa.—(This Lay.)

ZHARE MAALTES—',Tnis Day.)

RAILWAYS.

Paid]

Leasing
Companies

°losing Prices
yesterday

Business
this day

6-5 Y ELECTRIC TELEGRAPH.)
FITIWJLLIANI STAKES.

I ettid I RAILWAYS.

Closing Prices
yesterday

Business done
this day.

92 - 94
94 - 96
11 - 13

Vedette
Pri. cue Diyal
Lady Alice
Seven ran. Won by a head

Ambg. Nottng. Bost.

'ii = ii

ctz F.istn. June—..

5i i

50 all I Belfast & Ballyinenn
13i all Birmng. Wolverh
Stour Valley
St. 100 Birkenlid. Lancsh 6
Cheshire Junct......
25 all Blackburn
25 all Blyth & Tyne original
£2s(iss. at £45)
St. 100 Bristol & Exeter
St. 100
St. 100 Chester & Holyhead
50

LATEST BETTING-12 :30.
GREAT YORKSHIRE HANDICAP.
3 to 1 apt Relapse (taken freely) •
G t,) 1 agst Tasmania (taken) •
7to 1 bar two.(,,ffpre(l)
ST. LEGER..
7 to 4on the neld (-ff-rid) -
CHAMPAGNE STAKES.
to 2 agst Eclipse (taken) • ,
CESA.REWITCa.
16 to 1 agst Relapse (taken)
Neville is Eeratched -fur all his cngtgetnrnts here.

105 - 107

12 - 124
-23 i
98 - 100
-
89 - 91

all Cork and Bandon
:0 all Cork, Black. & Pas&
20 all Cornwall
10 all
10 8 Do. B
50 45 Dublin&Bolfast Tnno

par - l P
54 56

25 all Dun. P. &Aber.Junc.
St. 100 East Anglian .......-
20 all Eastern Counties....
St. 100 EasternUnion,A.stkl
St. 100 Do., do. 8.. ......
25 8i Do. New A.... ......
25 17i East Kent ......•••
St. 100 East TAncashire
20 all East. Suffolk ........
10 4 Do.
St. 100 Edinburgh & Glasgow
10 all Saint'. and Peebles._
ct. 100 Edinb.Prth.diDundeel
0 all Fortlrand ClydeJunc.
St. 100 Furness .... .. . ... .
St. 100 `Glasgow & S .Western
10 all IGreat N. of Scotland
St. 100 lariat 'Northern
St. 100 IDo., A. Stock
St. 100 Do., B. Stock
St. 100 Gt. Sth. &West.(lre. )
St. 100 Great Western.
St. 100 Do. Str.V.R. gua.Si
12 all llrish South-Eastern.
5C all ILancaster & Carlisle.
161 141 Do., Thirds. . ...
161 12 Do. New Third;
St. 100 Laneash. &Yorkshire
16 6 Do., do. F £l6 ~
3 1 Do., Wst„Riding
20 all Do. Sontbm,rt.
11. all London & Blackwall
St. 100 Lond.Bright.&S.Cst.

128 - 130
i - 84
9 - 94

NORTH OF EUROPE STEAM
NAVIGATION COMPANY.

85 - 87

MEETING TLIIS DAY.

IE SHARES.

This afternoon the half-yearly general meeting of the
bharehol lers in this company was held at the London
Tavern, Bishopsgate-street, for transacting the ordinary
business of the company ; after that it was made special,
for the purpose of reducing the number of the board of
directors to seven, and the number of. directors neces-
sary to form a quorum to three.

Mr, C. Morrison, Chairman or the Board of Directors,
,n the chair.

The report and statement of accounts showing a loss
upon the half-year, of 38,529/. ss. 61, and a total loss
on the balance-sheet of 187,167/. LT. 3d., the particulars
of which have already been published in The Sun, were
taken as read.

The CHAIRMAN expressed his sorrow at a second time
having to appear before them to give a bad account of
their funds, for the spending of which the present board
was not answerable. The hen gentleman then referred
to the items of expenditure and the profit and loss ac-
counts, fully stated in the report, and said, in reference
to the liabilities of the- Company, that the new
directors bad had claims made 'on them which the com-
mittee of co-operation bad not the slightest idea or sus-
picion of their existence. So
.far as the directors could
now see the loss of capital was 179,006/. 3s. 51, and it
was impossible for the directors to give an opinion whe-
ther cr not the company could bepermanently continued.
It was impossible forthe directors to state the exact loss
because it would be impolitic for them to put any value on
the ships, A low value would be injurious to the company,
because it would on becoming known be the maximum
sum any one would give for them, and were the directors
to put a high value on them and did not get it, if they
sold them they would be mi4cadieg the shareholders.
The directors thought the best plan was to write off a
depreciation of 5 per cent. per annum from their value.
In speaking of the future he reminded the shareholders
that the directors had only been in office three months,
during which time they had made great retrenchments,
and during that time -the actual result had been a
profit, which must be consolatory to the shareholders to
know that no more of the money had been lost during
that time. It should, however, be biome in mind that
the period in which the profit had been made was the
best part of the year. The directors had given the ques-
tien of winding up their serious consideration, but they
were unable to come to the determination of adopting
that course, and under the cireninstances they thought
it would be better to continue the working of the com-
pany under the new system of management till the end
of the year, by which time they would have a better
opportunity of judging what had best be done. To
peremptorily wind up the concern and send 27 ships into
the market would have a prejudicial effect on their
value, and the directors had not courage to recommend
such a course. He thought it was better for them to
continue working till the end of the year, and in the
,mean time probably some of the ships might be advan-
tageously disposed of. In conclusion he complained of
the conduct of two proprietors, members of the late
Committee of Co-operation, who bad unjustifiably
attacked the directors by letters in .the news-
papers, adding that if the attacks were made in
that room, as they ought; with the shareholders
present, the directors would meet them, but that it was
impossible for them to do so in a newspaper controversy.
He also condemned their conduct in depreeiatiog the
value of the ships.

St. 100
20 all
10 all
12); 5
: 100
25 all
25 all
St. 100
10j 1
10 1 1

London SiN. Western
Do. Fifths ..
Do. JO/. Sh.,M&B 0
Do. Eighths
London & S. Western
Lndndrry.&Coleraine
Lndndrry. & Ennisk.
Manch.Shef.4Lincln.
Metropolitan ......
Do. J. L. Ricardo's
arrangement
Midland .......... .
Do. Birming. & Derby
Midland O.West.(lr.)
Do. Shares .....
Newcastle & Carlisle
Newpt.Aberg.diHrfd
Newry & Enniskillen
Newry, Warrenpoint
& Rostrevor
Norfolk .........
Northn. Counties Un
North British
North Devon, Rail. &
Dock Stock
Do., A Stock ...
Do., B Stock .....
N. Eastern Berwick
Do. do. Extension
Do do. G. N.E.Pnrch.
Do. Leeds
Do. York
North Loudon
N. & S. Wstn., Hamp
stead, and City Jn
North Staffordshire
North Western
N. & S. Westrn. June
Oxford Worcester &
Wolverhampton
Portsmouth

St.lloo
St. 100
50 all
25 all
100 all
25 all
50 9
20 all

St.lloo
50 33
St. 'lOO
St. 100

St. 100
at. 100
St. 100
25 all
25 161
50 all
St 100
St. 100
10 31.1

20 1.7 i
20 all
10 all
St.
.100

!O I 16

0 10
it. too
it. 100
it. 100
.01.0

'Rhymney
Scottish Central ....a
[Scot. N.E.Abrdn. St
Shropshire Union
,Sitingbourne &Sheer

o Imo

3ontli Devon

>t. LOO
.0 all

South Ea5tern.........
Do..4kpor: . Shares

3t. 100 I
all
10 10
!O all
P. 5 all
15 -15
15 5 .
16i
100 •
;t. 100
t 5 22

S. Yorksh. RivgrDun
Do..
Staincs,Wok„&Wok
Stockton & Darling—,
Do. do., 1854
Do. do., 1855
Stockton 6c Hartlepl
Tiff Vale
Do. Pref., No.
Thames Hay. D. &R.

:0 all
0 all
;0 all

Vale of Neath...
Waterfd. di Kilkenny
Waterford&Limerick

all West Coi nwa11........
0 all , 'West End of London
and Crystal Palace..
,
5 all Do. A •

all I p0._74

Mr. Able's letter was ho wover read and the charges
therein contained answered by the Chairman, and in
refuel-Ice to the earnings and losses of one of the ships,
"Levant," mentioned in the letter; he said that as the
ship was now sold there could be no objection to stute
cJst.
We will give the conclusion in our last edition.

20 all 'West London
10 all' Do, First Class
20 all- I Do. Second Class
10 all Wmbledon &Croydon

E s TN, L s' p IJ ES DA 1: YINSEPTEMBER

LAW INTELLIGENCE.--This Day.)

COURT OF BANKRUPTCY.

Mr. Commissioner Fonblanque was the commissioner
of the day, but the cases duriug the morning did not
require hie attendance in court.