The Sun.
London, England, 1850-09-07 00:00:00

LANCASTER AND CARLISLE.

The half-yearly-meeting of this company was held
at Lancaster on Thursday ; Mr. E. W. H.asell in the
chair.

The CHAIRM&N said, the report will show that this
rail way has gone on progressively improving in its
traffic, and that it is so far improved that the direc-
tors are prepared to recommend a dividend at the rate
of 5 per cent. per annum, still retaining a small
balance in favour of the traffic account.—(Hear,
hear.) It was an honest dividend, and paid entirely
out of the traffic revenue. The directors had taken the
greatest pains to attain this object, and they have
used their best endeavours to keep down expenses,
as well as to promote the traffic upon the line. The
passenger traffic is progressively increasing; the
goods traffi 3 likewise continues to do so, and he could
not give a better proof of that than by calling atten-
tion to the last return of the traffic on this line, for
the week ending the 25th of August last, when the
total amount was 5,2041, whilst the total amount of
traffic for the corresponding week last year was 4,2121.
giving within a very small fraction an excess of
1,0001. in a week.—(Hear.) They looked with great
satisfaction upon the well working of the arrange-
ment with the Lancaster and Preston Junction
Railway, and the terms were exceedingly fair for the
proprietors of both lines—that is to say, on a monthly
examination of the affairs of both lines it will be
found that each line keeps its own—in other words the
Lancaster and Preston and the Lancaster and
Carlisle lines appear to be keeping up their just pro-
portions of traffic, and consequently they are justly
and righteously receiving their fair proportion of
profit.—(Hear.) He hoped before long both the
Maryport and the Newcastle and Carlisle Railways
woull fulfil the original intention of joining in the
central station at Carlisle, for it was of the greatest
importance in the way of convenience to the public.
The SECRETARY read the report, which stated that
the line and works from Preston to Carlisle, and the
very limited quantity of working stock which belongs
to the company, are in good order. Ucon the expi-
ration, next year, of the existing contracts for main-
tenance and renewal of the way and works, the
directors confidently expect, from the experience of
other companies, to he able to enter into a new con-
tract, for any length of time, and with perfectly re-
sponsible parties, on the same or more favourable
terms, and therefore it appears unnecessary to lay aside
any specific depreciation fund on that account. The
London and North-Western Company find all the
stock, except the goods, coal, and cattle waggons—
the renewal as well as repairs of which the latter, and
also the contract prices paid to that company for the
rest of the stock, are regularly charged against the
current revenue. The arrangement made with the
North-Western Railway Company, whose line con-
nects this at Lancaster with Skipton, and there with
the Midland Company's line, has been found to
work conveniently for the public, and with advan-
tage to the companies. The Maryport board have
agreed to refer to arbitration the pecuniary terms on
which the settlement should be effected, and the
Maryport Company be admitted into the Carlisle
station as tenants instead of joint proprietors. The
directors have delayed the adoption of any legal pro-
ceedings against the Maryport Company for enforc-
ing the original agreement ; but it is now the fixed
determination of the directors to take at once such
steps if the Maryport Company shall at all hesitate to
carry out the more recent one made by their deputa-
tion. The Newcastle and Carlisle Company's traffic
likewise could be perfectly well accommodated in the
same station; and the directors of the Caledonian
have intimated to the directors of the Newcastle
Company their readiness to afford such accommo-
dation accordingly, on terms to be settled by arbi-
tration.
The revenue account showed that 102,086/. bad
been received during the half-year ending the 31st
of July, and 44 974/. expended, including 1,8441. for
Government duty, and 1,4701. rates and taxes, leav-
ing a balance of 57,1121.
On the motion of the CHAIRMAN the report was
adopted, and the dividend, at the rate of five per
cent. per annum, was declared.
The retiring directors, Mr. 11. Howard and Colonel
Maclean, were re-elected, as was also the retiring
auditor, Mr. J. Salkeld.
A vote of thanks was passed to the chairman for
his valuable services to the company, and the meeting
separated.

MARYPJItT AND CARf.ISLE.—The half-yearly meet-
ing of thii company was held at the Seahouse Arms
Inn, Maryport, on Wednesday last. There was an
unusually large meeting of the shareholders; F. L.
B. Dykes, Esq., chairman of the board of directors,
presided, and having formally opened the meeting,
announced that a Lumber of the shareholders had met
that morning, and agreed to a "resolution which they

7, 1850.

hid p'aced in his hand, and which was as follows :
" That a committee be appointed, consisting cf
Me“.srP. George Harrison, George Saul, William
Cowan, William Ostle, and George Gill Mouneey, to
inquire fully into the affairs cf the company, with
full powers to call for and examine all persons
concerned, and all books, pzpers and documents,
and to take all steps requisite for affecting a
thorough investigation, and to report thereon.
Arid that this meeting stands adjourned to the
231 of October, for the purpose of receiving the
report of the said committee." Mr. Harrison being
a director, some discussion took place as to the pro-
priety of constituting the committee wholly of share-
holders, not directors ; and eventually an amendment
to that effact was submitted, when 26 voted for i.,
and 20 for the original motion. Tao name of Mr.
Gilfricl Hartley was then substituted for that of Mr.
Harrison, and the meeting adjourned. Previously,
Mr. George Cowan stated that the balance next year
in favour of the company might ba expected to be
6,000/., equal to 4 per cent.
lA'AI kRK ET.—The directors announce that this
line will be re-opened on Monday.
LONDON AND NORTH- WESTERN.—A further por-
tion of this company's Buckinghamshire Railway,
from the Claydon Junction to six miles cf
Oxford, will be opened on the 16:h inst., and the re-
mainder into Oxford by November.

MARKET INTELLIGENCE.
(From the London New Price Current, Sept. 6.)
SUGAR.—To-day importers of West India displayed
firmness, and generally were not disposed to accept
former rates, which checked the demand for both grocery
and refining sorts. The operations are 350, making for
the week 2;589 hhds, &c. At former rates there are
several buyers.
REFINED.—To-day a fair business was transacted in
Refixed goods by home dealers, but there was no advance
in the value. At public sa'e yesterday 13,000 Tittlers
and Leaves and 170 trcs and cases Dutch Refined, duty
paid, all sold; fine Loaves 555, good 533 61 to 543, infe-
rior 50s to 503 6d, damaged 48s to 533 6d, ditto and
broken 45s 6.1; Tittlers, sound 503 to .525, and damaged
491 to 50s 6d fee cwt.

EAST INDIZ—This afternoon the biddings were brisk
at the public sales of 2,545 bags Ben; al, and full rates
were obtained; indeed, in some cases there was a small
advance. Fine white Bemires realised 42s 6d to 435,
good mid and good 403 6d to 425, mid 393 6cl to 40s,
damp and washed 39s to 42s 6d. Of Penang 718 bags
were sold at 323 to 33a for brown, and at 33s to 34s for
low yellow.

FOREIGN.—To-day the market for Fureign Sugar pre-
sented a firm aspect, but business was checked by the
reluctance of holders to sell by private treaty. There
are several buyers at previous rates. At auction 3,767
mats Manilla went at 303 to 31s for low damp brown
Muscovado; two lots rather better 34e, and one lot very
ord 293 61 per cwt.
MAURITIUS.—This afternoon Mauritius met with a
good demand, and at the public asks of 3,000 bags full
rates were obtained ; fine yellow selling at 39s to 403,
mid to good 36s 6 Ito 38s 6d, inferior 35s to 365, walled
3 is to 375, good to fine brown 32s 6d to 343 6J, low and
mid 30s 61 to 325, grey from 363 to 38s 63, and grainy
41a per

CUFFEE.—This afternoon there was less activity in
the market for Native Ceylon, and prices declined is to
2s; at auction 1,000 bags 11 casks were sold, good ord
at 46s to 46s 6d, fine ord 47s to 47s 6d, da-
maged 363 to 435, better sorts 44s to 465. Plan-
tation met with less attention, and a reduction of
fully is took place, but at auction 169 casks
939 bags were all sold, good went at 59s to 635, mid
56s to 58s, low mid 53s 61 to 555, fine to fine fine ord
49s to 533, in'orior and damaged 443 to 48s, pea b. rry
54s to 60s, damaged 43s to 565. Of Rio 102 bags sold
at 42s to 428 6.1 for good ord; and 59 bsgs Costa Rica
at 503 per cwt for fine fine ord.
COCOL.—Holders of West India are firm, and off•red
none at public sale this welt, but a fair business was
transacted privately. Red Trinidad 45s to 50s, grey
43s to 455, and Grenada from 403 to 48s. Foreign has
been sold to a fair extent at 29s to 31s.

MoLAssEs.—Sale‘ have been only to a limited extent,
although sellers are willing to accept the lower rates of
13s to 15s 61 for West India, and Its to 12d for
Bengal and Mauritius, but arrivals continue upon a
limited scale. This afternoon at public sale 27 puns
Bahia Molasses were taken in at 13s 6d per cwt.
TEA.—The market presented a quiet aspect up to Wed-
nesday, and rather lower rates were acceded to for both
black and green. Since then buyers have operated with
more freedom, and holders are firmer, whilst the rates ob-
tained are qual to those current this day week. Congou
has been sold to a fair extent, ord and good ord at 1 lid to
I lie], medium sorts is is ()id to Is lid, and better kinds
Is 2d to is 7d per lb. Green is in steady demand, the
better kinds especially, and there is only a limited sup-
ply. The demand is better fur scented and Pekoe Teas
at late rates. There has been no public sale this week,
and none has been imported.
SrlcEs.—The transactions in Black Pepper have
much exceeded those of last week, and farmer rates are
wall supported. At public sale 3,969 bags 30 rbns all
soli; Sumatra good clean black at 30, common light
darneged lid to 3d, Batavia or sound 2id to 4d,
damaged lid; Madras, sound 3d to 3id, damaged lid to
21'1; and sound Penarg 2d to 3d per lb. Tho value of
Malabar is 31 Ito 3id per ib. White has been in steady
re quest at the former value; and at section 180 bags
chiefly sold at 51 Ito 6id for good ord and mid. Cassia
Lignea is much wanted, and realize leigh rates, as the
supply is not sufficient for the demand. At public
sale 186 boxes from Havre sold; good and fine at
100 s to 1064, mid 933 to 993, and 3,096 bdls at 9ls for
broken. Cloves have been in fair demand at full terms;
Bombay and Zsezibur at 61d to 61.1, and Penang 10.1 to
Is 44. An increased demarel has been experienced for
Nutmeg., and former rates are well supported. At
auction 36 cases realized 2s 94 to 2s 104 for good
bold limed Batavia; and 14 pkgs brown 2s ed to 3s 2J
for mid and good, and low mid 2s 6d to 2s 7d per lb.
Mace continues in fair demand at last week's valuations,
with a smaller supply. At public sale 6 cases sod at
2s 41 to 2s 51 for mid, and better sort is worth
2s 6d to 2s 9d. For Cinnamon there are few
orders; and prices have a downward tendency for must
descriptions. Jamaica Ginger continues in good de-
mand, and full rates have been paid this week. At sue
tion 154 boxes sold, fine at 6/ 14s to 71 17s, good 41 153
to 51 10s, Red other sorts 31 14s to 41 10s. For
exportation sorts orders are 3et, small, and prices
remain low. At auction 486 pockets and 4
bags ordinary rough Bengal sold at 17s per cwt
For African and Barbadocs rates rule at 34s to 383.
Pimento is still in small supply, several parcels have been
sold privately at 6id to 6ld for mid to good. At auction
33 begs reslised 54d to i for low to good. For Cassia
Buds holders demand leue to 110 s per cwt.
Rice.—Today there was no public sales of East India
Rice, end the small business done privately was at 3d to
6d decline. Of mid white Bengal some parcels were
sold at 9s 2.1 to 101 per cwt.
INDIGJ.—The quarterly sale of East India has been
fixed fur the Bth of tic ober ; at present the quantity de-
clared is 7,055 chests. There continues to be a good
demand fern shippers, and home dealers, whilst
the previous advanoe of 3d to 4.1 per lb is well
supporte 1 for Bengal, and since this day month about
1,200 chests have been sold. Madras and Kurpah are
wanted, and the prices offered are 2d to 3.1 per lb above
last quarterly sale, but the quantity on offer is small.
EPlRlTS.—Liolders of Jamaica have confidence, and
will not sell hut at full rates, still the sales made have
been upon a limited scale this week, fine and very supe-
rior 34 to 38 over proof at 3s 64 to 4s 6d, good 30 to 35
over 2a 101 to 3s 34, ord and mid 2d 5d to 2; 6 i ; there
are several buyers rather under these rates. For Lee-
ward Island the prices asked are Is 41d to is 5d proof,
still rates have been upon a small sca'e The market
is quiet for East India at Is 3d to is 341 proof. De-
merara met with little attention, but prices remain
at 2s to 2s 21 for 30 to 40 per cent. ever
proof. Brandy continues in excellent demand,
with much firmness on the part of holders. The
value of Cognise best brands of the vintage of 1847 is 5e
2d to 5s 41, 1848 ditto 4s 81 to 4s 101, 1849 ditto 4s 7d
to 4s 9d, and iu'erior sorts 2s 10d to 4s 41. Sales are
upon a small scale in Geneva at Is 61 to is 7d, and fine
at Is 8d to 2s per gallon. There is no variation in
the value of British made Spirit.
TALLOW.—This afternoon at public sale 900 casks
Sydney Tallow went at 34s 64 to 375, and inferior at 33s
6d to 345 31. 950 packages of South American 33s to
36s 31, very ord 31s 6d to 32s 6d; and 140 casks Odessa
Sheep 35s 9d to 36; 3d.
OlLS.—This afternoon at public sale 500 pkgs Cocoa
Nut Oil mostly sold. Ceylon at 285 64 to 29s 6d, Cochin
30s to 325, and Sidney 27s 64 to 27s 9d.