The Sun.
London, England, 1850-09-02 00:00:00

RAILWAY INTELLIGENCE

LOWESTOFT RAILWAY AND HARBOUR.

SOUTH YORKSHIRE.

The
CuaiumAN, in moving the adoption of the re-
port, spoke of the satisfactory working of the amal-
gamation, and remarked that, as compared with other
railways, the South Yorkshire stood at least in as fa-
vourable a position as any.
The report having been seconded, was carried
nem. con.

Another resolution was passed declaratory of the
dividend proposed by the directors.
The meeting then became special, for the purpose
of considering a proposal emanating from the board,
to allot to such of the proprietors of River Dun shares
as chose to accept them 150 shares, equal to 3,0001.
stock, bearing a preferential dividend of 4 per cent.
per annum for each River Dun share, in lieu of 150
shares bearing the fluctuating dividend to which they
are entitled under the Act of Incorporation ; such
new stock to be liable to be redeemed at any time
within ten years, on the payment of 3,5001.
This proposition met with a great amount of oppo-
sition.

The CHAIRMAN stated in explanation that it was
desirable for the railway to have a certain obligation
instead of a fluctuating one, and
Mr.DENISON contended that it would be preferable
for the proprietors of River Dun shares to have a
certain definite value attached to their property, be-
cause much of it was held in trust.

After an animated discussion, the question was de-
ferred fur twelve months, that the River Dun pro-
prietors might have time to ascertain which course
would best suit their interests.

A vote of thanks to the chairman ended the busines•

BEVERLEY AND MARKET WEIGHTON.
A publ►c meoing, convened by the Major upon a
numerously-signed requisition, was held at Beverley
hut week, to consider the propriety of taking steps
to forward the completion of the line ; Alderman
Sandwich in the chair.

The CHAIRMAN in opening the proceedings stated
that they had suffered much from the want of
a communication between Beverley and Market
Weighton since the opening of the Hull and
Selby Railway, which had driven the coaches
off the road, and they were now left almost en-
tirely to chance to go through to Market Weighton
and York. He understood that in the Hull and
Selby Railway Act there ivas a provision for a rail-
way from Beverley to Market Weighton, and the
object of the present meeting, he believed, was to
memorialise the directors to fulfil their undertaking.
After some observations in favour of the project,
and on the great importance of the line to the inhabi-
tants and trade of Beverley, by Messrs. Boyes, Cross-
kill, Collins, and Tigar, resolutions were passed to
the effect that in the opinion of the meeting it was
absolutely inc'umbent on the York and North Mid-
land Company to complete the line from Ycrk
through to Beverley, as a rival line which was con-
templated was only abandoned on the faith of the
directors of that company perfecting the line in
question ; and that a memorial be presented to the
directors of the York and North Midland Company
on the subject.
The proceedings concluded with the usual vote of I
thanks.

JAMAICA MARKETS.

Flour—The sales since our last have been two lots of
Canada hard packed of 100 barrels each, which arrived
via Liverpool, at 253. and 253., and 100 barrels Balti-
more at 355. We learn that the latter brand is ROW
held for 365. Two parcels were sold last week at 345.
The stock is exceedingly light.
Meal is in good demand at 18s. 6cl. to 19s. A parcel
of 200 barrels coarse has changed hands at 163., and 100
barrels hard and sour were sold at auction at 13s. 6,1.
Rice—East India is still plentiful, but as the principal
portion of the stock is in the hands of speculators, no
great quantity is forced on the market, and 133. may be
said to be the general rate, The large parcel of Caro-
lina referred to some few numbers back has been gra-
dually cleared off. principally by retail operations, at 188.
There is now, therefore, very little on hand, and the
article continues to be moved at the same rate.
Butter—An arrival direct from Cork and another
from Liverpool have increased our supply of Irish by
upwards of 1,500 firkins. This large quantity coming in
at a moment when the market was already more than
ordinarily depressed, has been of course productive of the
natural result. The trade will not offer anything above
Bd., and holders are firm at 9d. The stook of old Irish
has been greatly reduced, chiefly by retail operations,
at our last quotations. Halifax has been sold at 70.; a
parcel of United States has also bee❑ moved at the same
rate. These descriptions will be greatly affected by the
abundance of Irish.

Bread—Cracker; (Wattson's) are scarce ; there are
not any in first hands. New York, packed, realizes 193.
in small parcels. Pilot bread is very dull of sale, and it
is found difficult to move Baltimore at 15s. per barrel.
Mackerel—The demand for this artier has visibly de-
creased. Holders are willing, but unable to clear their
hands at 243 per barrel. If the receipts be at all as
heavy as those of last month, it is expected prices must
go down to 18'. or 20s.
Herrings realize 14s. with difficulty, for prime Ne. 1.
Alewives remain at 18s per barrel of usual
aeight.
Part of an arrival from St. Juhn's of 500 barrels was
placed at that rate, but they were rejected as being short
301135. to 401bs. the barrel, and resold at 16s. They are
not iii much demand.
Pork is in fair demand, with a very moderate stock.
Mess may be quoted at 765., and prime has changed
hands at 603. per barrel.
Id at Bd. The lb. Some Westphalia have 13-en so
114ms—English have been inactive at Sid. to 9d. per
mar-
ket is heavily stocked with all descriptions except
American, % hieh are scarce.

,
Brandy—The stock is greatly disproportioned to the
demand, which is exceisirely dull, and prices are almost
nominal.

Hum is in very little inquiry. Best brands cannot
cf•mwand more than as. Id. tor procf 21, duty (2s. per
gallon) paid, while in some instances only 3J. has been
offered.

Sugar has improved, and is likely to continue advanc-
ing. Prices range from 16s. to 199. per 100 lbs. for good
,o clear.

- Coffee and Pimento—None at market.
Logwood has been offered at 365. per ton.
Freights—The number of vessels here is much in ex-
cess of the produce likely to be sent down for shipment.
Tonnage is consequently low.
Exchanges—On New York, 2 and 3 per cent. for mer-
chants' bills at 60 days' sight.
Gold—American is worth 1 to 2, sad Columbian
doubloons 24 to 3 per cent. prem.

On Saturday the half-yesly meeting of this coin
pang Arm held at Lowestoft; Mr. S. M. Peto pre
sided.

The revenue account for the past half-year showed
that 5.4951. had been received, and 3,8461. expended,
leaving a clear profit of 1,6481.
The CHAIRMAN, in moving the adoption of the
accounts, referred with satisfaction to the present
position and future prospects of the company, and the
progress made in the completion of the construc-
tion of the harbour works. They had so far suc-
ceeded in keeping their outlay within the amount
of capital, that their total expenditure was 346,2161.,
and the further sum of 4,2501. was only required to
complete the construction of their works, making their
total outlay 350,467?., which would be greatly re-
duced by the sale of their surplus lands ; the receipts
on the railway traffic were also satisfactory, and he
looked forward to the success and future prospects of
the company realising
.the expectations of the pro-
moters and proprietors. They had erected an ice-
house, the profits of which would realise 6 per cent.
on the outlay—(Hear)—they had ample accommoda-
tion for the fishing trade, and they were in treaty with
influential parties for the erection of oil and cake
mills, so essentially required in Suffolk and Norfolk,
which would add greatly to.their revenue, as also
steam flour•mills.

Captain ANDREWS stated his entire confidence in
the successful completion of the works, which were
fast advancing to their final completion, securing a
safe and commodious harbour at a smaller cost than
anticipated ; there had been an increase on the revenue
from the dues on the harbour alone of the half-year
of 8361. 2s. 9d. Within the last week a vessel water-
logged, drawing 17 feet of water, had been towed into
the harbour, where it sank, and but for its existence
the vessel must have been irretrievably lost. The
works of the harbour were in that state of forward-
ness that a very short time would ensure their entire
and satisfactory completion.—(Hear, hear.)

After some iurther observations the accounts were
received and adopted, and the proceedings terminated
with a vote of thanks to the chairman.

1 .
The half-yearly meeting of this company was held
at Sivffield on Saturday. Lord Wharncllffe presided.
After the usuil preliminaries had been gone
through, the secretary read the report. It congratu-
lated the proprietary upon the fact that, in addition to
the railway, the amalgamated company possessed an
uninterrupted navigation from Sheffield to the east
coast. The directors had pleasure in stating that the
passenger traffic on the South Yorkshire Railway
was satisfactory in extent and steadily increasing. The
mineral traffic, from which the greatest amount of
profit was expected, had not yet had time to develops
itself, the branch lines into the South Yorkshire coal-
fields being yet in an unfinished state. Mr. Bartho-
lomew, the company's engineer, had reported that
there was a prospect of a great increase of traffic.
The amount available for dividend for the half-year
was 9,2911, being made up of an unappropriated
surplus from the River Dun, combined with the
earnings of the railway. It was proposed to pay a
dividend of 6 per cent. per annum from the com-
mencement of the half-year to the 19th of April (the
time when the amalgamation took place), and 2 per
cent. per annum from that date to the 30th of June,
leaving a balance of 3,0511. to be carried to the next
half-year's account.

The next resolution confirmed the forfeiture of
5,271 shares, upon which 16
,500/. had been paid, or
3/. 2s. 6d. per share, involving a loss of 2/. per share
to the company, according to the present market
value of the shares.