The Sun.
London, England, 1853-11-16 00:00:00

MONEY MARKET

t CITY OF LONDON COMMISSION.

CONSERVATIVE LAND SOCIETY.

AND

(THIS DAY.)

caIIiME_RCIA.L INTELLIGENCE.

Last evening, a very fully attended meeting was held
at the Public Hall, Richmond, to hear from a deputation
from the Conservative Land Society a statement of the
plans and operations of the society, with respect to the
property purchased in the vicinity, viz., St. Margaret's,
late the property of Lord Kilmory. Amongthe gentle-
men on the platform were—Lord Ranelagh, chairman of
the society ; Col. B. Knox, vice-chairman ; R. N. Fow-
ler, Esq. ; VV. Cribb, Esq. ; H. Pownall, Esq. ; Dr.
Worthington ; G. Morgan, Esq., surveyor to the society;
C. L. Gruneisen, Esq., secretary, &c.
Shortly after seven o'clock, the chair was taken by

The Commissioners continued their inquiry this morn-
ing, in the chamber of the Judicial Committee of the
Privy Council.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday
were estimated at 4,000 bales, of which 1,000
were taken for export and on speculation. The
market was tame, without alteration in prices.
The sales comprised 3,000 American, 9 Pernam
and Maranham at 61d., to 7id., 60 Bahia, at 64d.,
200 Egyptian at 6±d. to Bd., and 500 Surat at 3d.
to 44. per lb. Railway Shares were dull and
heavy at lower prices.
The interview which the Governor of the Bank
of England and one of his colleagues (in his capa-
city as a Russian merchant) has had with the Earl
of Clarendon, has strengthened the impression that
our Government places much less reliance than
heretofore in the prospect of an amicable settlement,
and consequently anticipates that the present cam-
paign at least must be allowed to go on. The Eng-
lish merchants who are engaged in the Russian trade
naturally feel anxious about entering into the con-
tracts usually made at this season, as they part with
their ready money to agents at St. Petersburg, who
buy up the tallow in the interior for delivery next
June. The safety of such a proceeding under pre-
sent circumstances might be questionable, and our
Foreign Secretary accordingly intimated that he
could not give an opinion as to the probable settle-
ment now hostilities had commenced, although
Government still had hopes, and accordingly he
advised great caution. Seeing that Russia has vio-
lated the territory of her neighbour, and that she

M. John Catley, an East India merchant, and chair-
man of the London Dock Company, attended to give his
views of the corporation. He said he thought the man-
ner in which the aldermen of the City discharged their
judicial functions was on the whole satisfactory,
at least it would bear comparison with that of
the country magistrates ; but he believed the alder-
men invariably acted upon the advice of their paid
assessors. It was his opinion that the city was well
paved and well sewered—indeed he knew of no spot
more healthy than the locality where his offices were
situated, though it should not be forgotten that the City
stood upon an exceedingly dry soil. He could suggest
no improvement in the corporation, with the exception '
perhaps, of that of engrafting upon it a Chamber of
Commerce, throughwhich the mercantile community could
make complaints or representations to the Government.
Certainly there was no prospect of inducing the higher
class of merchants to join the corporation, bcause they
could not spare the time which their civic duties would
demand of them. For instance, he had been twice re-
turned to the town council, but for the reason he had
stated he declined to serve. He could not spare the
time from his business. The conservancy of the Thames
he thought was well placed in the hands of the corpo-
ration, but at the same time it was just possible that
the constitution of the committee which looked after
this department could be advantageously extended by
introducing the professional element into it. The
London Dock Companies sometimes called in
the services of the City meters, but the Fellow-
ship Porters they excluded from the docks ; but
lie was not sure that the act of Parliament, by
which the exclusion was made, did not grant the Fel-
lowship some compensation. He hardly thought it
would be advisable to unite the City with the Metropo-
litan Police, and for this reason, that in the City there was
an immense amount of property constantly accumulated
and accumulating. Now, at night, the City was com-
paratively deserted, and hence the City required
a more extensive watch than the other parts
of the metropolis. He was apprehensive, there-
fore, that if the City police were united to the
Metropolitan force, the inhabitants of the metropolis
generally would object to pay the increased expense
which the City would require, and he thought under
those circumstances it would be better to allow the
City police to remain as it is, under the control of a distinct
commissioner. Mr. Catley stated in conclusion, that he had
been repeatedly summoned to take up his freedom, but
being a wholesale dealer he had not thought it necessary
to take any notice of the matter.

Lord RANELAGH, who, on taking his seat, said—No
doubt, occupying the position he did, viz., chairman of
the Conservative Land Society, they would expect to
hear from him the whole working of the society. But
he would call on gentlemen who would better and more
fully explain the objects of the deputation. He would
lay aside for the evening his official character, and merely
act as chairman of the meeting, and bespeak for every
gentleman a respectful and attentive hearing.
Mr. PowNALL then rose and entered at some length
into the objects and working of freehold land societies
in general. They had lately purchased the beautiful
estate over the water, and it must be confessed it was
one of the most attractive estates possessed by any society.
The town of Richmond needed enlargement, and to
extend it in the direction proposed would be highly bene-
ficial. He would not encroach upon the ground which
would be gone over by Mr. Lewis, but he congratulated
them on the fortunate purchase made by the Conserva-
tive Land Society.
Col. KNox then addressed a few words to the meet-
ing. He had long been a resident at Richmond, and
nothing gave him greater pleasure than in adding to the
welfare of the town. As one of the founders of the
society, he felt delighted at the prospects held out by
the purchase.
Mr. FOWLER, of the firm of Dimsdale, Drewett, Fow-
lers, and Barnard, in addressing the meeting, said he
should not enter into the political part of the society—
his observations would principally bear upon the com-
mercial and profitable objects of the body. In taking
shares in this society, the prudent man bad nothing to
fear. There was none of that fearful liability attending
commercial speculations in general—none of that respon-
sibility which perilled the whole of a man's property for
_ _

has done immense injury to the resources of the
country, the question of indemnity to Turkey must
become part and parcel of any future settlement,
and there is little probability of this being obtained
unless England and France take active measures to
secure it.

Bills of exchange were taken yesterday aftern3on
at previous rates on Amsterdam, 11 152 to 16 ; at
25 15 to 1712 on Antwerp, being a slight decline ;
at 13 4 to 5/ on Hamburgh, a trifling advance ;
and at 11 40 to 45 on Trieste.

There is stated to be rather more ease in the
money market, and the bankers are fully supplied
with cash. Discounts rule under the Bank of
England minimum' even for paper comparatively
long dated, but a decided preference is given to
bills having a short time to run.
The drafts of the Isle of Man Bank have been
refused by their London agents, owing to the
death of two of the partners within a very short
period of each other, and the inability of the exe-
cutor to ascertain immediately the amount of the
assets is the cause.

The CoMmissioners then proceeded to examine a gen-
tleman on the subject of the conservancy of the Medway
by the Corporation.

the liquidation of debts incurred, as in other commercial
speculations. The shareholder could at any time call
for his money when he chose, which would be returned

to him with a very trifling deduction, and with 3 per
cent. as interest. As a proof of the value of an allot-
ment in this society, he might mention that one 501. al-
lotment had lately been sold for a premium of 1501.,
thus realising a profit of 300 per cent.
Mr. LEWIS, of the firm of Harrison and Lewis, solici-

COURT CIRCULAR.

At the Rhymney Iron Company's meeting this
day, a half-yearly dividend of 21. per 501. share
and of 12s. per 151. share was declared. The
works are stated to be in a most satisfactory con-
dition, and fair profits hereafter are expected.
The English Stock market has been very steady,
though not quite so high as yesterday, and there is
less business doing. Consols have been done at
94-g- and 95, and at 94/ for Account. They are
now about 94ft I, owing to the important intelli-
gence received from the East of the defeat of the
Russians. This in itself gives the highest satisfac-
tion, though, it is feared, it may complicate the
efforts of the peacemakers. The New 31 per Cents.
have been at 95 to 96, and the 3 per Cents. at
93 to 94. Bank Stock has been rather higher,
being 218. India Stock has been quoted 250, and
Exchequer Bills have been at 3s. to 6s. premium.
In the Foreign Market there is very little doing,
and the quotations are rather heavy. Mexican
have been at 251 to 2, Spanish 3 per Cents. at 45
to 1, and the Deferred at 21g. Russian 41 per Cents.
have realised 98/, but they have since been done
at 98g. Belgian 4/ per Cents. are 96, and Dutch
2i per Cents. 63±.
The settlement of the account on the Share Mar-
ket has not occasioned any particular alteration in
prices, but the tendency is upwards. Great North-
ern are very buoyant, and also South-Western.
North-Western have been very heavy. Caledonian
are not quite so good. French Shares are rather
cheaper, but Luxembourg are well supported.
The Gold Mine Shares have been very little
dealt in, and continue at about the previous rates.
The Imperial Brazilian have dropped 10s. to 15s.
The Waller Mine has been at to K.
The shares of the Land Companies have been
very quiet.
The Joint Stock Banks have been without alte-
ration.

WINDSOR, Nov. 15.
There was no addition to the Royal dinner party
yesterday.

The Queen, attended by the Hon. Mary Seymour,
rode in the riding-house this morning.
His Royal Highness Prince Albert went out shooting,
and previously inspected the model cottages lately built
by the Windsor Royal Association for Improving the
Dwellings of the Labouring Classes.

tors to the society, then came forward to explain its
general working and objects, and said that gen-
tlemen joining this society need be under no fear as to

their liability; they were not a joint-stock, but a friendly
society. He need only refer them to the opinion of Mr.
Tidd Pratt, which was to the effect, that the members
of the Conservative Land or Benefit Building Society
could not be held liable, as shareholders, for any debts
or engagements of the society or committee, beyond the
amount of the shares they individually possess. They
had lately purchased a beautiful estate over the water,
and so attractive was it that every member wished for
an allotment on it. It had been remarked, why are
your shares put down at 50i., while other companies
grant shares at 301.? But the reason for so doing, in a
great measure, had been, that great difficulty had arisen
whether the latter sum could secure the franchise
to its holders. A great number of instances had oc-
curred, which clearly indicated both the advantage and
necessity of the 501. arrangement. Now, with respect
to the 301. societies, the only difference that he (Mr.
Lewis) could see, if difference it could be called, was,
that in those societies whose shares were issued at 301.,
tho members paid 4s. per month, while in theirs the
shares being 501., the members paid Bs. per month, and
he would undertake that in the event of any of the mem-
bers of their society being objected to in the registration
courts, he would be ready at any moment to defend,
and he had no doubt successfully defend, the vote of
every member so circumstanced. In this society, cer-
tain rights were reserved for the completed shares. In cases
where the member had paid up the 501., he was then en-
titled to a right of choice on the estate in rotation,
according to the date at which the share was completed.
In other cases, that of uncompleted shares, where the
shareholder had paid to the extent of one-fourth of his
share, he became entitled to the advantages held out by
this society. The lowest number on the list of rights was
500, and those rights were working off at the rate of 100
every month, so that every member had the prospect
of an early allotment. By an arrangement of this
society, the speculator is not allowed to exercise the
influence of his capital to the injury of the senior
members. He is not allowed to take 500 shares one
day by merely paying 100 shillings, and then withdraw
the next day, in the event of the ballot turning out un-
favourable to his speculation, at the loss merely of 51.
Such a proceeding would be unfair in the highest degree.
With respect to the building on the estates of the society,
certain restrictions were laid down, by which the builder
of a valuable house or mansion would not have a small
cottage and garden next him, to the depreciation of his
property. On the Putney estate arrangements are made
for the building of mansions and houses of the value of

A deputation from the Directors of the llungerford
Market Company, consisting of Messrs. Stutely, Bid-
dulph, and Whitbread, accompanied by Mr. Kilpin,
secretary to the company, had an interview with Sir
William Molesworth yesterday at the Office of Public
Works and Buildings in Whitehall-place, on the subject
of the proposed alterations of Charing•cross bridge and
approaches thereto.

BRITISH FUNDS THIS DAY.
( From the Official List.)

TlnAinpßs done.
Wank Stock .. . ... . 218 17,
3 per Cent. Reduced Annuities 934 4 3i 4
3 per Cent. Consols Annuities 94 5 ci 5 4i7f
New 3-f per Cent. Annuities 6 53
Long Annuities, Expire sth Jan., 1860
India Stock
Consols for Account
Exchequer Bills, id.
£lOOO ...
1:400
Ditto Small

3 6 p
3 6 p
3 6 I)

PRICE OF FOREIGN FUNDS THIS DAY.
%fcxican 3 per Cent.
Russian Bonds, 1822, 5 per Cent. X St
Ditto 44 per Cent 984 a
Sardinian Bonds, 5 per Cent .. 92
-Ipanish Bonds, 3 per Cent 45 4
Spanish New Deferred, 3 per Cent. 2li I 4

Dividends on the shove payable in London:
Belgian Bonds 4i per Cent. ex. 25 fr
Dutch Exchange, 2i per Cent. 12 Guil
Ditto 4 per Cent. Certificates

THREE O'CLOCK.
Consols
Ditto December Account 948

1,2001., 7001., 2501., 1001., 751., and 501., everything
was going on as prosperously as the most ardent mem-
ber of the society could desire. The learned gentleman,
in conclusion, then touched upon the importance of the
society in a political point of view, and said he should be
ready to answer any questions of any person, including
the person who seemed so anxious to ask questions in
the beginning of the evening if he thought proper to ask
him any.

LLOYD'S SHIPPING.-(THIS D AY.)

LONDON, Nov. 16.--Wind at noon, N.W. ; light airs
and foggy weather.

STOCKHOLM, Nov. 9.—The Swallow, hence to Hull,
struck on the Brandsten Rock, two miles from Sand-
hammer, on the Ist Nov., and was brought back by a
steamer. She now lies sunk in several fathoms water in
the river, till she can be raised and discharged for repairs.
ROME, BORNHOLM, Nov. 10.---The Fancy, of and from
London for Cronstadt, was stranded north of this town,
on the night of the Bth Nov., and it is doubtful whether
she can be got off.

Mr. SMITH then in a very few words moved a reso-
lution to the following effect : "That this society is
worthy of public support."
Mr. CAHILL begged leave to second the resolution.

YSTAD, Nov. 11. —The Dido, Danzig to Sunderland,
was stranded at Sandhammar, Bth Nov., but got off after
leaving a portien of her cargo there, and was seen this
morning off this harbour. It is uncertain whether she will
repair here or at Elsinore.

The Noble CHAIRMAN then put the resolution to the
meeting, which he declared carried unanimously.
Several questions having been put to Mr. Lewis,
which were all answered to the satisfaction of the meet-
ing,

•
BELFAST, Nov. 11.—The Mary (schooner), of this port,
from Waterford to the Clyde, put into Donaghadee Nov.
0, with 4. feet water in her hold, having been on the
rocks south of the latter place; her cargo is being dis-
charged in a damaged state.
WESTPORT, Nov. 14.—The life tnd long-boat of the
California packet' Broadhaven, for New York, which was
abandoned, and afterwards foundered, on Nov. 5, has ar-
rived at Achil Island with the remainder of the passengers
and crew, except 14, who had died before reaching land.
Wisnv, Nov. 6.—The Ann, of Aberdeen, Riga to Lon-
don, ran ashore on Sterhorn's Reef, off Ljugam, on the 3d
Nov.; assistance is with her, and her cargo is being dis-
charged.

Dr. WORTHINGTON then moved that a vote of thanks
be given to the chairman for his kindness in taking the
chair, which was seconded by Mr. CRIBB, and carried
unanimously.

The Noble CHAIRMAN having thanked the meeting
for the vote that had been awarded him, the proceedings
terminated.

THE CHOLERA.

BiTHIIRST, RIVER GAMBIA, Oct. 25.—The Louisiana,
of Havre, which sailed hence Sept. 27 for Marseilles, was
stranded the next day at the entrance of the river, and
has become a total wreck; materials and about a third of
the cargo saved and sold.
DEAL, Nov. 16.—Wind N.W., and foggy. Arrived—
City of Hamilton, Montreal.
HULL, Nov. 15.—Wind, N.W. Arrived—Richard
Cobden, Quebec.
PORTSMOUTH, Nov. 15.—Wind, E. to E.N.E. Arrived
—Franzen, Callao. Sailed—Yorktown, for New York ;
Johanna Maria, Batavia.

( From the General Board of Health, Nov. 14.)
METROPOLIS.

The returns from the B, D, H, K, M, L, P, and T
divisions of the Metropolitan Police, give 18 new cases,
and 7 deaths. With reference to a death that occurred
in Redcross-street, Borough, the police state that this is
the tenth death that has taken place in the same street,
and that in Suffolk-place, Bermondsey, there have been
altogether four deaths. The number of deaths in the
whole metropolis during the week ending Nov. 12, was
98 ; the number in the corresponding week of 1848 was
54. The total number since the outbreak (17 weeks)
has been 657 ; in 1848, during the same period, it was
only 377.

PLYMOUTH, Nov. 15.—Wind, N.E. Arrived—Catherine
Elizabeth, St. Vincent. Sailed—lndiana (s), for India.
Off Folkestone—Arrived—Hugo, Guayaquil.
SCILLY, Nov. 14.—Wind, S.E. Arrived—Atlantic,
Quebec; Marie, Marseilles for Dunkirk, with pumps
choked, and leaky.

SWANSEA, Nov. 14.—Wind, N.E. Sailed—Russiet,
!ape de Verds.

ELECTRIC TELEGRAPHIC DESPATCHES.
LIVERPOOL, WEDNESDAY, 10.30 A. 31.
Wind N., moderate, and hazy.
Arrived—Tiber, from the Mediterranean ; Faro, from
Bilboa ; Hermitic), from Savanilla ; Caroline, from Cron-
stadt ; Clemence, from Antwerp.

QUEENSTOWN, Nov. 14.

Wind S., light.
Arrived—Gehl, from Ibraila ' • Jessie, from Oran.
SOUTHAMPTON, WEDNESDAY MORNING.
The Peninsular and Oriental Company's steam-ship
Iberia has just arrived here with the Peninsular mails.
(BY SUBMARINE AND EUROPEAN TELEGRAPH.)
CUSTOMS RETURN.
GRAVESEND, WEDNESDAY, 10.24 A.M.
Wind N.W., thick fog. Tide, two hours' flood.
Arrived. —Sedulous, from Messina ; Edward and James,
Almeira; Margaretta, Konigsberg; Junction, Guernsey;
Harriet, Rotterdam.
Nov. 16,—Slater Rebow, from Messina ; "Albion
(steamer), from Boulogne ; Belgium (steamer), from Os-
tend ; Sir E. Banks (steamer), from Havre.
Sailed, 16th.—Countess of Lonsdale (steamer), from
Hamburg

DEAL, WEDNESDAY, 9.25 A.M.
Wind N.W., light, and foggy.
Passed, 15.—Agnes, from Oporto, for London ; City of
Hamilton, from Montreal, for London; Inden, from Glo-
cester for Dantzig, off Dungeness.

ABOLITION OF BETTING-LIST HOUSES.—The bill passed
last session to abolish betting-list houses, takes place on
Thursday (to-morrow fortnight), being the Ist proximo.
Already a great many of the list keepers have shut up
their shops, and others who have taken deposits of
money on horses to run in the Derby of 1854, appre-
hensive of the consequences of retaining, are returning
it as fast as they can, and in a few days betting-houses
will have entirely disappeared not only from the metro-
polis, but also from all parts of the kingdom.
A NUGGET.—A private letter received yesterday from
the diggings mentions the discovery, within the last
few days, in the neighbourhood of Sawpit Gully, of a
nugget weighing 145 lb.

THE SUN, LONDON, WEDNESDAY EVENING, NOVEMBER 16, 1853.

SEAR .3 MARKETS--(THIS DAY).

BRITISH RAILWAYS.

Closing Prices
this day.

Business done
this day.

South Devon.
Do. New

PREFERENCE SHARES.

Aberdeen
Do., So. 2'..7
p. c
Blyth & Tyne 10 per
et, pref. (iss. at£so)
Bristol & Emeter 4 pr
cent., stock
Do. Do., shares
Caledonian £lO
Chester & Holyhead
Guar. 5. per cent
Cork&Bandon 5i P.C
Dundee Perth&Aber-
deen Junction . ..... .
EastA nglian (X 3 10s)
6 per cent
Do. (E 5) 7 per cent
Do. (4-27 17s) 7 p. ct..
Eastern Counties Ex-
tens,:on, p. c. No.l
Do., No. 2
Do., New 6 p. c. St
Eastern Union, Scrip
Guar. 6 per cent
Do. £lO Debcu. Sh
EastLancash. 6p. s
East & West Yorksh
Junction Fifths

Edinb.Prth.&Dundee
4 per cent ..........
Glasgow & S.Western
guar. 5 per cent....
Great North," 5 p.c.
Do. 5 p. c., Redeem.,
at 10 p. c. pram . ...
Do. 4 percent. Scrip
Gt.N. of Scot. , 1 st Pref
Gt. Southn. &Westn.
(Ireland) Eighths...
Do. 4 per et. pref. St.
Gt. Westn. (Berks &
Hants Ex. 5 p. c. ).J
Do. con. & red. 44p.el
Do. do. 4 per cent...
Do. irredeetn. 4 p. c.
Lan. & York. F. £2O,
Do., 6 p. c., Stock...
Leeds Nn. 6p. c. No. 1
Do. Quarters, 1848...
London and:Brighton
Guaranteed 5 p. c...
Do. Pref., 5 p. c. St.
Do. Convertible, sp.
c., 1852. .. ...... ..,.
Do. New Guar. 6p. c.
Load. & N. W., Coy.
& Nun., 5 per cent.
London & S. Western,
Con. Thirds

... -- xd

7 i

6 -6,

3i -
51 - 56
1

li - lip
ih - 1p
131 - 14

Londonderry& Coler.
Shares
Londy. & Ennis. Sh
gaud'. ,Shef., & Lin.,
Shares, No. 1......
Do. New, £10.........
Marypt.&Carl. 4p. r.
Do. 4),-- per cent...—.

D 0.....
Mid. Consol. 6 p.c. St.
Do. Consol. Bristol &
Birm. 6 per cent....
Do. Pref. 4i per cent.
Norfolk Debent. Sh.
Norfolk Extension...
Do. Pref. bi per ct...
Do. Way. Val. 5 p c
North British . .....
North Staffordshire..
Oxford Worcester &,

Wolverh. £15,6p.
Do

193 - 20

,•• .--•
..

Scot. Cen., New Pref.
Shrews& Birm. N. G.
Shrowsby. & Chester
(Nor. W.Min),B p. c.
Do. 5 per cent

S. Eastern (Reading
Ann.,) of 21 Os. 6d.
S. Yorksh . 4p. c. Guar.
Waterfd. ikKilk. 6p. c
York Newcastle and
Berwick, 4 p. e. Pref
Do

3 - 34

118 - I*o

LOB - 110
i- a P

8 - 84

Gi 7
99 101
95 100
95 100
id par
L4O 142

2 - 3pl

6i -
9i - 9i
- P

L4O 142
i id

23 -- 25

103 - 105
i - i P

9i -- 104
16i —174 p
10 -- 104
13 -- 15
par— 6p
23i -- 24
19 -- 20

York& N. Midland H.
& S. Purch

95 98
4k— 4i
id par