, 1876-11-22
NJ ISCE LLAN s.
From the European Maa)

(FTom the European AIdt)
There has been q fair demand for sugar
10 the Mlncing Lane market ct on 3D.
vance of los. to II. per ton. The Liver
pool market has also responded to the
rise, and prices have been improved ct
Bristol, Glasgow, and Greanoch.
The report of the Demerara Railway
Company for the haIiyear ended June 80
shows that the receipts were 20,795l and
expenditure, including 1,000!. placed to
special renewal fund, l0,9I2}., leaving
9,S86L. available for the preference STOCK
dividend, and one at the rate OF Z per cent.
per annum on the ordinary stock. The
sum Of G53L. ia carried forward.
The West India ana Panama Telegraph
Company have lust declared q dividend Of
los per share ON account Of arrears on
the first preference shares. It should be
remarked that this los per share is moth
ing more than the payment Of a small
moiety Of the indebtedness Of the compa-
ny to its preference sharrholders, and that
it should not be regarded in tho light of a
regular dividend. 1t IS pretty well known
that the line. does not pay, and, in tins
view of the case, the company has applied
for remedial legislation. 1t has already
reached the maximum rates allowed by its
contracts with the colonies, but ag these
rates leave nothing for the ordinary share
holders, or for making provision for the
repair OF cables, the company has been
compelled to appeal TO tie colonies for
power to increase the existing rates.
From what we can learn, there is now doc
to the preference shareholders somewhere
about Is, O00L
The ARTIC SHIls, which set out in May
last year, have Just returned home. The
narrative Of their adventures is most eXcit-
ing. From Cape Sabine to the extreme
north Of Robson Channel thew had q
severe and constant struggle with the ice.
The Discovery wint8rad ia 8I,4l in Lady
franklin Fjord. The Alcti was off an
open coast on the boarders Of an impene-
trable Polar sea In lat. S2,27. This sea
was quite unnavigable. The ice was from
10 TO 100 feet thick. After a very hard
and severe journey to the n0rthWard, the
sledges reached $500 n. So rugged was
the ice, sud SO deep tile snow ou it, that
only one mile a day cauld be made. The
land on the American side of the channel
was explored to the north point Of Cape
Columbia, So n, long. 1880 w, and
then on to lat. S2.10, long. $3.50 w. It
then continues trending S.W. Greenland
extends to lat. 82.54, long. 48.33 W. and
then probably turns south. Lady Franklin
Strait is deep bay sixty miles S.S.W. OF
Petermann Ford, closed by a glacier.
Hayes's Sound Is very narrow, but was
u~nexplored. Animal life 0nd the emigra-
ton Of birds end south Of Cape Columbia.
A brass plate in memoriam was put up at
Halls grave. The greatest cold register
ed was 734 below zero. E%squinaux
traces cease on the western side In lat.
sI.62 N. A rich natural history collec-
ton Of fossils was obtained from she OK
IRENE north. Corals and a coal seam were
discovered near the winter quarters Of the
Discovery. -Four deaths took place, viz /:
-Neils Petersen, interpreter, frost bite
George Porter, gunner, Inns. ALert, and
James Hand and Charles Paul, seamen Of
the D~iscousry-all Of scurVy, which attack
ed all the travellers,