The Sun.
London, England, 1845-09-01 00:00:00

RELATIVE CLOSING PRICES OF
RA IL WA Y SHARES

Burn, Darwen, and Bolton, 1014-Eastern Union Extension,
nz,-Great Grimsby and Sheffield, Quarter Shares, :57g-
Ndirkit Wales, 3/. 36.--Armagh, Coleraine, and Portrush, 24
-Derby and Crewe, 514-Direct Northern, 24-Dublin anti
Galway, 4-East Lincolnshire, 603.-East Coast, 305.-Glas-
gow and Dumfries, 3/. 2s. 6d.-Goole, Doncaster, Sheffield,
&c., 11. 121alfais,.-Graed Union, 335.-Great Eastern and
Western, 14sas-Hull and Gainsborougb, 155.-Leicester and
Bedford, 3%-Leicester and Birmingham, 415.-Liverpool,
Manchester, and Newcastle Junction, 536-London and Bir-
mingham Extension. 255.-London and York, 7%-Man-
cheater, Buxton, and Matlock, 914--Newcastle, Durham and
Lancashire, 4%-Nottingliam, Erewash, &c., 3/. 10s.-,Not-
tingham, Belvoir, and Grantham 405.-Nottingham and
Boston, 325. 6d-Nottingham and Mansfield, 3%-Rugby,
,23/4-Rugby and Huntingdon, 355.-South Midland, 784--
Sheffield and Lincolnshire Junction, 8-Shrewsbury and
Trent Union, 5-Tean and Dove Valley, 3-Trent Valley
-/"
7 Continuation, 51/8-Wakefield and Bradford, 54-Yorkshire
%
3% and Glasgow Union, 355.
YORK, AUG. 30.
STOCK EXCHANGE.-The sales are-Eastern Union Exten •
sion, 31. 6s. 3d.-Manchester and Birmingham New Quar-
ters, 121/8-Midland. New, 264-Newcastle and Darlington,
New ( Brandling), 411 A -Nort h British, New, 10-York and
North Midland Extension, 25-Clitheroe Junction, 54-
Grand Union, 3%-Great Grimsby and Sheffield Junction,
22%-Ditto, Quarter Shares, 64-Leicester and Bedford,
434-London and York, 7%-Newcastle and Berwick, 26-
Sheffield and Lincolnshire, 8-South Midland, 8%-Welsh
Midland, 4 4-West Yorkshire, 16%.
SHEFFIELD, AUG. 30.
STOCK EXCHANGE.- The sales are-Bristol and Exeter,
61-Newcastle and Carlisle, 112 V,-Derby and Crewe, 4%
-Grimsby and Sheffield, Quarter Shares, 51/4-Grimsby
Railway and Dock Extension, 10%-London and Windsor,
275.-London and York, 714-Direct Northern, 24-Man-
chester, Sheffield, and Midland Junction, 6%-Nottingham
and Mansfield,f 3%-Nottingham, Erewash, and Amber-
gate, 4%-Shrewshury and Herefordshire, 24-Sheffield
and Lincolnshire. 714-York and Carlisle, 5%.
lIUDDERSFIELD, AUG. 30.
STOCK EXCHANGE.-The sales are-Nottingham and
Boston, 3%-Shrewsbury, Hereforo, and North Wales, 5%-
Leicester and Bedford, 434-Grand Unior, 3/. 65.-Glasgow
--„„ and Dumfries, 3%-Great Grimsby and Sheffied Junction,
' Quarter Shares, 6J,4-Liverpool, Ormskirk, and Preston, 7%
---FA -Sheffield and Lincolnshire, 7%.
MANCHESTER, SHARE MARKET.
The following circular has been issued by Messrs. Railton
- of Manchester :-
This market continues to attract improving confidence
__ since allocated shares not in scrip ceased to be acknowledged.
It has thrown dealing more into the hands of capitalists,
- where it ought to remain.
In stirring times like the present, when so much enterprise
is on foot to promote premiums by the unbounded increase
2% of provisional railway directorships, got up by every strained
effort-it may be useful to again put before our friends as a
2x, counterpoise what so long stood a part of our circular, at and
- after the latter part of the year 1840, as follows :-
- " Inexperienced persons purchasing railway stock as a
- security for income, should give preference to well-tried
finished works, paying satisfactory dividends, and the least
exposed to rivalry from contending lines or canals. They
- will answer the best for ityrestment and bring the greatest
- value when re-sold. Works in progress are of very uncertain
-
- issue for profit till laid oven to the public, and are therefore
the best in the handa ot,_t tie original projectors, or persons
-.- understanding t1:0 merits; till proved by the traffic they can
- secure. Exper 4 shows' that they generally fall to a
- heavy discount, howeverspecious in promise, before income
- is obtained ; and when pOrripleted, their worth is regulated in
- public opinion by A earripriiison with other securities, ac-
cording to the divithatlA tfiefyipay, and the confidence they
command."
And with this irervie,w, ley will be hard learners indeed if
- they suffer themsralsrear to' go Alaterially astray at the pre-
- sent time.
fo
The roving habits of railway diaectors of old boards, now
so rife for the promotion of new schemes, in which they are
- the most individually concerned, confuse and damage
- both the old and the new, if -abateikalders do not keep a
- watchful eye on the proceedings of timais,gentlemen, so as at
any rate to keep all interests moving honourably, equitably,
- anti simultaneously together, ansl;a thus prevent those
bickerings and mistrusts vi hich are-always so fatal to the
_ presperity of their concerns. --r
It is much to be feared that established lines are more than
- ordinarily suffering by the wild and endless projects hunted
- after by individuals That ought to be employed at home
- fulfilling the duties they are pledged to for the interests of
the shareholders at the public works with which they are
- already connected. When their masters are away, railway
- subordinates are also tempted to pay less attention to their
- duties, and particularly in lines where there is no general
manager to direct or be reerred to when occasions occur,
and which must be frequent in railway affairs.
25% One railway well managed is quite enough for the conve-
-11 nient care of a board of directors, to protect the public
- against personal disaster on the one hand, and the income to
shareholders on the other. Or if they do multiply other
- interests under their patronage at all, it should only be in
such degree as their original 'undertaking can be served ; but
- how to bring back or allay this insatiable thirst for director-
- ships of the most disjointed nature, and to place them on a
- sound working footing, will be a matter for the earliest at-
- tention of Parliament ; and to avoid mistake in the mean-
= while, if railway gentlemen in this locality will inform us
how many concerns they are engaged in as directors, the
- shall have all the honours arising from their,
,s.t4€ol;v
43 d pa--
- tronage set before the public, with every nieritazalsayieo emi-
- neatly deserve. A nicely condensed tabular farm would be
convenient fof reference, and would most clearly avoid any
future errors in describing them-thus, for instance, from
amongst many who eminently figure as aspirants for railway
- fame, we may -quote a gentleman lauded in the Hampshire
4% NdependenCaslle Railway Viceroy, and who certainly seems
as worthy of extensive fame as any literary or scientific
D.D., M.D., or F.R.S. And if abbreviated titles of honour
mean anything, this gentleman is entitled to the following
appendages to his name, as signifying the relation in which
- he stands to diverse railway interests :-
- ««a- « * * * *•«• rs s, Esq. ;
T. V. M. and G. J. ; G. J. ; D. C. of the 31. B. M. and
M. ; D. of T. V. ; W. L. or L. S. and P. ; D. C. of I. of W.;
6
8% M. and S. ;M. and W. ;L. and B. ; P. and W. E. and D.
- J. ;W.M. ; Y. and C. : and D. and W. and L.; B. S. and
- B. ;C.J.; F. P. and W. J.
'Tis not every mortal that is gifted with the attribute of
- übiquity. Hail I more than mortal ! ! !
EXETER, AUG. 30.
STOCK EXCHANGE.-The sales are-North Devon, 2-
- South Wales, 6 -South Devon, 36-Exeter, and Yeovil, %
- prem.-Bristol, New, 12-Exeter and Crediton, 83/4.
EDINBURGH, AUG. 29.
STOCK. ExciraiscsE.-The sales are-Aberdeen, 3/. ss.-
_ Aberdeen, Banff, and Elgin, 2/. Ms.-Arbroath and For-
far, V.-Ditto, Half Shares, 15/.-Armagh and Portrush, 2/.
- ai-Banffshire, 2/. - British and Irish Union, 3/. Bs. 6d. -
&Vast and County Down, 31. 155.-Cambridge and Lincoln,
10s. - Caledonian, 11/. -Caledonian Extension, 3Z
IN.-Caledonian and Dumbarton, 3/. 17s. 6d.-Clydesdale
_ Junction, 91.25. 6d.-Direct Northern, 21.45. 6d.-Dundee and
Arbroath, 371. Is. 6d.-Ditto, New, 18/. - Dundee and
- Perth, 51. - Edinburgh and Bathgate, 21. 15s.- Edin-
burgh and Glasgow, 901.-Ditto, Quarters, 21/. 155.-Ditto,
- New, 151. - Edinburgh, Glasgow, and Dumbarton,
11. 10s. - Edinburgh, Leith, and Granton, 261. - Ditto,
Preference, 171. IN.-Edinburgh and Northern, 2/. Is. 6d.
- -Ditto, New, IL 6s. 6d.-Edinburgh and Peebles, 2/. 16s.
- Edinburgh and Perth, 1/. 12s. - Glasgow and Ayr-
shire, 71/.-Ditto, New Stock, 22/. - Ditto, 17s. 10d.-
Glasgow and Belfast Union, 31. 185.-Glasgow and Gam-
_ kirk, 411. - Glasgow, D raf,ri--es, and Carlisle, 1/. 125.-
- Glasgow and Greenock, 211.--=-Ditto, New Stock, 10/. 55.-
- Ditto, Preference, 21. - GrEat North of Scotland, 31. 55.-
- Inverness and Elgin, 1/. 2s. 6da-Kilmarnock and Ardros-
- san, 5/. 155.-London and York, 61. 10s.-Monkland and
Kirkintilloch, 331.-Morayshire; IL-North British, ex one-
. fifth, 291.-Ditto, Halves, 9/. 55.-Ditto, One-fifth, 8/. 55.-
- North Wales Mineral, New, 61. 55.-Perth and Inverness,
• 2/. 25.-Scottish Central, 71. 145.-Scottish Midland, 2/. 45.-
Shrewsbury, Oswestry, and Chester, 41. ss. -Shrewsbury
and Hereford, 1/. 145.-Slamannan, 18/. 10s.-South Mid-
land, 9/.-Stirling and Dunfermline, 1L 16s. 6d.-Tean and
Dove Valley, 31. 7s. 6d.-Waterford, Wicklow, and Dublin,
3% 1/. 165.-Wishaw and Coltness, 391.
2%

'056,1,,'
.756c11
74s I

167sGd

RAILWAY INTELLIGENCE.
NEWCASTLE AND BERWICK.
YORK, SATURDAY, AUG. 30.—This day, at noon, the
first general meeting of the proprietors of the above rail-
way was held in the Directors'-room, at the York
station, G. Hudson, Esq., M.P., in the chair. Several
shareholders were present from a distance, and the meet-
ing was very numerously attended.
The Cueeetzaer stated that the meeting had been
called pursuant to the Act of Parliament, and certain
resolutions would be submitted for their approval. The
Directors were not prepared with any report, and in-
deed they had scarcely anything to report. They had
not yet been able to obtain the accounts of the expense
of obtaining the Act. He had seen in the public papers
the cost stated at 50,0001.1 but he was happy to say it
would not be 20,000/.--(Hear, hear.) Probably from
12,0001. to 13,0001. would be the outside.—(Renewed
shouts of " Hear, hear.") It was a matter of gratifica-
tion that they had obtained the Act without any com-
promise; they parted with no shares except those re-
served for the landowners ; they fought the
battle on principle, and they had won it.
He admitted they had done so wider great
hazard ; it was a bold step to talee, and he
did not think he should again incur such a serious
responsibility ; but having been suaceesful it was a sub-
ject of congratulation. He might eeate that the Direc-
tors had already let twelve and a half or thirteen miles
of the line beginning at North. Shields. Probably the
line would not be opened so soon as he bad previously
mentioned—he thought it reight be August before this
was done, independent of the two bridges, which would
take a longer time. He concluded by moving the first
resolution—" That the Directors appointed by the Act
of Incorporation do continue in office, viz , Mr. Hudson,
Mr. IL Davies, Mr. James Richardson, Mr. Nicholas
Wood, Mr. Oxley, Mr. Plews, and Mr. Tee. "
The resolution was carried unanimously.
The CHAIRMAN, having moved other resolutions for
the appointment of officers, which were carried unani-
mously, next brought forward the proposition for con-
curring with the other railway companies who had agreed
to contribute towards the erection of a statue to Mr.
George Stephenson, on the proposed bridge over the
Tyne, and to the presentation of a piece of plate to
that gentleman. The resolution for subscribing 2,000/.
for that object was carried unanimously.
The Lord Mayor of Yoax then proposed, " That the
Board of the Newcastle and Berwick hallway Company
be instructed to confer and arrange with the Boards over
which Mr. Hudson presides, as to the best mode of offer-
ing a suitable testimonial to thet gentleman, as an ac-
knowledgment for his able and efficient services." The
resolution was carried with acclamation.
The CHAIRMAN, after returNine6 thanks for this mark
of their esteem, proceeded to euake the following obser
vations respecting the competing line which had been
defeated, and on the reckless avidity for railway specu-
lations. He said that during the few weeks that the cot'
hadtest innethe
ar experienced Parliamentary
greater Committeee n ta
l the first witness examined ugaim ill'earpralisx.oiepgtio'y'i.ng- oeledwhaes
pherie line, and he never f -
feeling of heavy responsilid;' sed atmos-
importance'n his hf-
with such a
of the first
the Committee. He "--e'ss spay .e,
the be
for he knew the
was successful in ,:e-eiee
he knew, that he
the gratification whit zlnd e d
man of the Coneavorrteo64'. 7.7- it 7
trusted, 14,6-. ing an impression n
Newcastle -- •' -decue .n he heardothing
outlhde
that the preamble of the
_ and Berwi k e
." way Bill had been proved.
—Applause.) exceedll
rememberalr-
ffie
experienced when right
triumphed over wrong.--(II
pTI :)111,1.16eirfit'it4e t itoriod of his life he should
ear, hear.) Lord Howick
had no doubt a right to brin e forward a competing line,
and perhaps he was justified
port the atmospheric princip
le ;
in doing all hecould to sup-
but when his Lordship