The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-11-03 00:00:00

Nov. 3, 1846.

RAILWAY INTELLIGENCE.

MONEY MARKET AND CITY INTELLIGENCE.
(From the John Bull.)
The railway from Lynn to Downham Market SATURDAY MORNING.
and Nar- Very little business was transacted in the public secu-
borough in Norfolk was opened last week. rities in the early part of the week, and though prices
At the first ordinary meeting of the Birmingham and presented an unfavourable appearance no immediate decline'
Oxford Railway on Friday it was resolved to amalgamate was expected. Ever since the Montpensier marriage there
with the Birmingham, Wolverhampton, and Dudley has not been that buoyancy which had before character-
Railway.
iced business, but dulness has been gradually increasing
The half-yearly meeting cf
the Preston and Wyre was though the retrograde movement was far from being ex-
adjourned until November 25th, in order to give time to cessive. The excitement occasioned by the proposed
mature the terms for amalgamating with the Manchester alliance had less influence upon English Stocks than was
and Leeds. It was stated that the half-yearly dividend anticipated, but it was remarked at the time that in all
would be 15s. per share. probability there would be more real cause for apprehen-
During the late storm, great damage was done by the sion atter than before the event had taken place. This
sea to a portion of the railway works at Penmaen-mawr. now seems to be the case ; for Consols have suffered a
A considerable extent of the well built sea-wall, on the depreciation of nearly 1 per cent. in the course of the last
Bangor side of the cliff, has been destroyed ; and all the week or ten days, owing to fears entertained respecting
materials, masons tools, &c., were washed away. It is the contemplated expedition of an armed Spanish force
said that £2OOO will barely cover the damage. into Portugal. The great fall in prices occurred on
At the meeting of the West Lancashire, or Liverpool, Thursday, when this intelligence was first spread, and as
Southport, and Preston Railway, at Manchester, on Wed- it seems preparations have been made for such a pros
nesday, Mr. R. Stephenson and Mr. P. P. Bidder were reeding, the speculators feel alarmed for the consequences.
authorised to arrange terms with t,:e Liverpool. Crosby, Under these circumstances they have manifested a strong
and Southport Company, as to the price per share the lat- disposition to get rid of stock. in order to be prepared for
ter is to give for all the plans, maps, goodwill, &c. of the any great change in the position of foreign relations. The
former. intelligence from America yesterday was not altogether
The Midland atits special meeting authorised the raising regarded as favourable, and the vigorous prosecution of the
of the requisite capital (X 2,567,000) for carrying out their war against Mexico is considered indicative of fresh diffi-
new branches, making their total capital amount to about culties in that quarter of the globe. It was reasonable to
£11,000,000. The only call on new shares this year expect that after so great a decline as one per cent. in
would be £2 per share. In 1817 there would be calls of prices some little reaction would occur, and the market
£8 per share. Resolutions were passed to create Midland did in fact recover in a slight degree yesterday afternoon
shares to replace those of the Birmingham and Bristol on purchases effected at the lowest quotations, while after
and to include the extension of the Leeds and Bradford the regular hours of business, the dealings among the
in the lease of the Midland. outside operators carried the value of C cols 941