The Sun.
London, England, 1845-09-18 00:00:00

HULL, SEPT, 17.

STOCK EXCITANGE. —The sales are—Hull and Selby, 104
—York and North Midland Extension, 2934—Blackburn,
Darwen, and Bolton, 111/2—Caledonian Extension, 376
North Wales, s—Bandon and Bantry, 2—Boston,' Newark,
and Sheffield, 61/2—Coventry, Nuneaton, &c., 4—Derby and
Gainsborough, 575. 6d. p.—Direct Northern, 3—East Lin-
colnshire' 714—East Coast, 3%—Glasgow and Dumfries, 2
—Goole, Doncaster, Sheffield, &c., 5361—Great Eastern and
Western, 334--Leicester and Bedford, 4%—Leicester and
Birmingham. 3—Liverpool, Ormskirk, and Preston, 714—
London and Birmingham Extension, 2%—Manchester, Bux-
ton, and Matlock, 10%—Manchester, Liverpool, and Great
North of England, 60s. p.—Nottingham and Boston, 3%—
Nottingham and Mansfield, 4%—Rugby and Huntingdon,
3/. 19s.—Tean and Dove Valley, 31. 18s.—Trent Valley
Continuation, 334—Wakefield and Bradford, 6 Vt—W est York •
shire, 16—Yorkshire and Glasgow Union, 5.

SHEFFIELD, SEPT. 17.
STOCK EXCHANGE.—The sales are—Bristol and Glouces-
ter, 32—London and Birmingham, 220—Newcastle and Car-
lisle, 113%—York and Selby 501. Shares, 79%4—Blackburn,
Burnley, and Accrington, 10%—East Lincolnshire, 634—
Goole and Doncaster, 534—Manchester, Midland, and Great
Grimsby, 614—North Western, 7 1-16—Wakefield and Har-
rogate, 514.

YORK, SEPT. 17.
STOCK EKCHANGE.—The sales are—Eastern Union Ex-
tension, s—Newcastle and Darlington Junction (New Brand-
ling, 451,4—Y0rk and North Midland Extension, 30—Co-
ventry, Nuneaton, Birmingham, and Leicester, 3%—Grand
Union, 4%—Leicester and Bedford, 4%—London and York,
61. 16s. 3d.—Manchester, Buxton, &c., 101. 18s. 9d.—New-
castle and Berwick, 1676 ex n.— Welsh Midland, 4%—York-
shire and Glasgow, 43/4.

RAILWAY INTELLIGENCE.
EDINBURGH AND NORTHERN.
EDINBURGH, TUESDAY.—Yesterdav' a special meeting of
the Proprietors was held in the Saloon of Gibbs's Royal
Hotel, to consider the expediency of constructing extensions
from the main line to Markineh and Leven ; Mr. John Lear-
month, of Dean, Chairman of the Directors, presiding.
Mr. LEES, the Company's Secretary, read the Directors'
report, which stated that the engineers' estimate of the cost
of the proposed extension was 250,0001., to which it is pro-
posed to add 10,0001., making the capital 260,0001. In ad-
dition to these two branches, the Directors recommended that
a branch be formed from the Lochgelly coal-fields to the har-
bour of Kirkaldy, an undertaking which had been proposed,
and nearly the whole capital required had been raised by the
most influential gentlemen- in that town, who had, however,
handed it over to the Edinburgh and Northern Company.
The Directors recommended that the capital sum to be raised
for the execution of these different works should be 390,0001.,
and that by the creation of 26,000 shares of 15/. each—a sum
which would afford a convenient division, and would be
more than sufficient to meet the cost of the branches,
and therefore render it unnecessary to call up] the whole
amount of the shares. They also proposed that the
shares be divided amongst the registered Share-
holders of the Company, and the holders of the
scrip for the 15/. Newport Extension shares in the fol-
lowing proportions, viz.:—One new share to every two of the
25/. shares, and one new share to every three of these exten •
sion shares. A report by Mr. Grainger, engineer, was also
read as to the branch to East Anstruther. It recommended
that a double line of rails should be formed from Markinch to
Largs, and only a single rail thence to the eastern terminus.
There were no engineering difficulties in the way; no tunnel-
ling or extensive embankments, and the gradients easy.
Viewing the undertaking as a whole, Mr. Grainger consi-
dered that either with reference to passengers, or to the mi-
neral wealth of the district, it would form an important feeder
to the Edinburgh and Northern.
The CHAIRMAN, in commenting on the recommendation
contained in the report, said the proposed line would be about
twenty miles in length, and running as it would through the
manufacturing districts of Fife, from Leven inward towards
Leslie, while it would prove remunerative as a feeder to the
main line, it would not pay as a separate undertaking. Propo-
sals had also been made, and the Directors would hold them
in consideration, for branches westward from Leven to Buck-
haven and the Wemysses. The Directors had also under-
taken to form a branch from the coal-fields of Loch-
gelly to Kirkaldy and its harbour, and there was a
prospect of another company joining with it a line from
Dunfermline, so as to connect the Edinburgh and North-
ern with the lines westward towards Alloa and Stirling.
The Directors had also undertaken to lease the proposed new
line from Perth to Crieff, which ran through a populous dis-
trict destitute of coal and lime, the parties themselves having
made overtures of lease. It was seventeen miles long, and
would, like the before-named extensions, prove of great ad-
vantage to the company. The Board had attended the. sale
of the Tay ferries at Dundee, prepared to give a large •price
for them ; but the Exchequer Law Commissioners preferred
disposing of them to the Dundee Banking Company, who had
agreed to pay the Exchequer the full amount of its debt.
The ferry trustees and authorities at Dundee approved of the
railway company's intentions, and it remained to be seen
whether the banking company, for a more advantageous bar-
gain, might not be inclined to put them at the railway com-
pany's disposal, seeing that the latter had it in their power
materially to affect the ferry revenues. There had been a
renewed proposal for creating a bridge over the Tay at New-
burgh, at from 100,000/. to 120,000/. ; and a survey had been
made with the view of making one of the high
level kind of bridges, so as to meet the objections
of the Admiralty. The Edinburgh and Northern ought to
join in the formation of the bridge, as another party was
willing to undertake the work. A further extension from
Newburgh to Kinross was in hand. These were not times
to stand still, and the Directors would not lose sight of the
advantages to be derived from the branches to Newport,
opposite Dundee, and to St. Andrew's, to the north coast
traffic of the T4y. ferries. Should not an arrangement be
come to for crossing these ferries, other means would be de-
vised for doing so. In regard to the new shares, one share
had been given to every 45/., and one to every 501.
The Earl of LEVEN and MELVILLE seconded the adoption
of the report, and intimated his cordial approval of the re-
commendations contained in it.
Provost Nrcoa, Cupar, approved of all the proposed
branches with the exception of the one from Leven to An-
struther. He could not see how it would pay. It was a
length of fourteen miles, the population was only 1,000, and
there were no manufactures. It was difficult to conceive how
a bridge could be constructed over the Tay high enough for
ve'sels, owing to the lowness of the banks ; and it was well
known that sometimes in a winter storm th island of Mug-
drum was surrounded with ice twelve feet thick, and in an
event of that kind, either. the Carse of Gowrie would be
inundated, or the bridge broken. It was perfectly Fifish to
carry a line from Leven to Anstruther. If the Edinburgh
and Northern remained'as it was it would be the second best
paying line north of the Tweed, but if such drags were put on
it, it would be difficult to surmise the result.
The Earl of LEVEN replied that the Directors at present
only required power to examine into the feasibility of these
new schemes.
Mr. WHITE MELVILLE, of Mount Melville, agreed in what
had fallen from Provost Nicol.
The CllarmmAN said that all the Directors required was
power to entertain these matters. They would not go to
Parliament if it was inexpedient. The bridge at Mugdrum
would be built, if not by the Edinburgh and Northern, by
others, and as much of the traffic of the line would have to
cross the bridge if it remained entirely in the hands of an-
other party, they would impose a heavy pontage. The
project, moreover, would have to pass the ordeal of the Ad-
miralty, and of the inhabitants of Perth.
After some discussion, in which Mr. Alexander
.M'Neill,
advocate, Mr. Speers, Mr. Craigie, and Mr. John Gibson,
joined, the resolutions empowering the Directors to apply to
Parliament for the proposed extensions in the ensuing session,
and to raise for the purpose a further capital of 390,0001., by
26,000 new shares of 151. each, one new share for every 25/.
stock, and one new share to the holder of every three shares
of the 15/. Newport Extension stock, were carried unanimously.