The Sun.
London, England, 1870-07-23 00:00:00

MARKETS.

44 47

LONDON CORN MARKET, FRIDAY.—There has been a con-
tinuance of business in the grain trade at Mark-lane this morn-
ing. The supplies of English wheat have been short, of foreign
only moderate. Business has not been brisk, but factors have
been firm in their demands, and Is. per quarter more money has
been asked for all descriptions. With barley the market
has been moderately supplied. In all descriptions sales
have progressed steadily, and prices have an upward
tendency. Malt has been firm, at about late rates. Oats
have been in request, and extreme rates have been obtained.
Beans and peas have been fully as dear, with a healthy inquiry.
Flour has been steady in value and demand. Arrivals :—English
and Scotch—wheat, 1070 qrs. ; malt, 1920 ; beans 30. Foreign—
Wheat, 34,640 ; barley, 8,410 ; oats, 31,980 ; maize, 7,600 ; peas,
6,970. Flour, 1540 sacks, and 13,770 barrels.
LIVERPOOL CORN MARKET, FRIDAY.—This market was
moderately attended to-day. There was a limited demand for
wheat, and Tuesday's quotations are nominally repeated. In a
few case 2d. to 3d. less money has been accepted. Flour is
dull, and the turn in favour of the buyers. Beans were steady.
Seidl, 415. 6d. to 425. Oats and oatmeal were quiet. -Indian
corn was in slow request, and 6d. per quarter lower. Round
yellow, 355. 6d. per quarter. Imports—lreland, &c. ; Barley,
101 qrs. ; malt, 1 qr. ; oats, 1,182 qrs. ; oatmeal, 491 qrs. Fo-
reign ; Wheat, 17,521 qrs. ; oats, 1,876 qrs. ; beans, 242 qrs. ;
peas, 85 qrs. ; Indian corn, 15,956 qrs. ; oatmeal, 1,881 qrs. ; flour,
949 sacks, and 2,764 barrels.
WAKEFIELD CORN MARKET, FRIDAY.—The brilliant
weather and largo arrivals of wheat at Liverpool counteracted
the effect of war, and the trade ruled slow. Choice white sold
at Tuesday's rates, but red was rather cheaper. Barley, oats,
and beans sold at an advance of 2s. per quarter.
LINCOLN CORN MARKET, FRIDAY.—At this market to-day
wheat was 7s. to Bs. higher than last week. Beans and peas
were slightly more money. Oats Is. higher. Business was only
slow.

METROPOLITAN MEAT MARKET, FRIDAY.—The supply
of meat has been moderate. The trade has been steady, at our
quotations. Beef, from 3s. 4d. to 55.; mutton, 3s. Bd. to ss. 44.;
lamb, ss. Bd. to 6s. 4d.; veal, 4s. Bd. to ss. 44.; and pork, 3s. 4d.
to ss. Bd. per 81bs. by the carcase.

BOROUGH IIOQ SIARKET, FRIDAY.-Very little business has
been doing in any description, and prices have been without
change. From the plantations the accounts continue favour-
able. Prices were as follow :-Mid and East Kents, £7 to
£l2 12s. ; Wealds, £6 to £8 ' • Sussex, £5 12s. to £6 12s, ; Bava-
rians, £6 6s. to £9 ; French, £5 to £6 10s.; Americans, £4 ss.
to £6 per cwt.
COLONIAL PRODUCE MARKETS, FRIDAY.-The markets
have been less depressed, but quietness has still prevailed. Tea.
-Very few transactions have taken place, at about late rates.
Sugar.-For raw sugar there has not been much inquiry, but
prices have been without quotable change. Barbadoes, 255. 6d.
to 275. 6cl. ; Crystallised Berbiel, 345. 6d. to 365. ;
Crystallised Demerara, 335. 6d. to 355. 6d. per cwt.
Coffee.-Sales have progressed slowly, on former terms.
Good ordinary native Ceylon, 41s. 6d. to 435. 6d.
Rice.-On the whole the market has been quiet, but prices have
ruled firm. Metals,-loon hag been flat. Tin has been dull, at
the late decline. Coffee has sold slowly, Oils,-Linseed oil has
been dull and drooping. Rape has been quiet, Olive has sold
on easier terms. Tallow.-The market has been firm. Y,C. spot
465., last three months 48s. 6d. to 48s, 9d,
MANCHESTER COTTON MARKET, FRIDAY.-The cotton
market continues inanimate ; but the great reductions in prices
have induced rather more inquiry, and led to a slight increase
increase in buying prices yesterday. To-day they are barely
steady, and shew nothing like the previous daily decline. If buyers
saw a prospect of prices steadying, the low prices would now
tempt them to operate, and so reduce the average value of their
stocks. The home trade has bought very sparingly, and
only for pressing wants. Shippers have almost
unanimously agreed to postpone buying, and await the
future course of events on the Continent. Whenever
possible they are cancelling all contracts undelivered, causing
producers to complain exceedingly of the extent of the practice
and the sharpness of houses whose conduct is usually so differ-
ent. The market closes depressed, with prices barely supported,
producers inclining to refuse no reasonable offers. The follow-
ing are the most trustworthy quotations, sheaving a large reduce
tion, which have, however, only tempted a few buyers :-No. 40,
mule yarns, good seconds, 14d. ; No. 30, water twist, 131 d. ;
No. 32 Cop., 12d. ; Number 60 Cop., 18d. bhirtings-39in., seven
pounds, common quality, 83. ; ditto, best quality. Bs. 7id. ; 39in.
shirtings, eight pounds and a quarter, common make, 9s. 6d. ;
best make, 10s. 3d.
LIVERPOOL COTTON MARKET, FRIDAY.-The market to-
day opens with a rather better feeling. Sales 10,000 bales. Sales
for the week, 43,050 ; speculation, 2,970; export, 1,030 ; actual
export, 4,101 ; imports, 57,305, of which 25,492 were American.
Stock, 606,760, of which 318,427 are American. The trade took
39,050. Sales of American 25,840 bales.-Second Report : The
market closed a little steadier to-day. Sales 10,000 bales.
Speculation and export 500 bales. Six thousand American bales
sold at tifd. to 101 d. ; two hundred Pernambuco bales 9d. to 91d.;
four hundred Bahia bales, 94. to fl f.; one hundred Mara'iham
bales, 90. to 10d.; two hundrod Egyptian bales, 101 d. to 111}d.;
twenty Peru bales, 1814.1.; 3,000 Surat bales, 51d. to 91d.
Im-
ports 7,818 bales.
GLASGOW PIG -IRON MARKET, FRIDAY.-First Report.
This market opened steady to-day, at 51s. Id. cash, but soon
improved. At the close 51s. 6d. cash and 51s. 9d, one month
were paid.
. _

TILE TRADE OF SOUTH WALES.—The rail mills of the dis-
trict are actively engaged. Prices are firmly maintained, and
orders for early delivery are refused, except at an advance.
The war between France and Prussia will doubtless affect the
transactions of Continental buyers and railway contractors,
for shipment to the Dantzic aLd Stettin will be difficult of
accomplishment. The United States demand continues brisk,
American buyers being the large purchasers of rails at the
South Wales Iron Works. The exports to Prussia are not so
large as was expected. Inquiries for bars are improving. The
best bands of pig iron are in good request, and priees are in the
makers' favour. The improvements in the tin plate trade is still
noticeable. The demand for steam coal will prob-
ably increase in consequence of the war. Shipments
to the French ports ahoy a marked increase; and
the same may be said of the Baltic and Mediterranean ports..
It is expected that the Continental war will cause prices to
Advance. , , _ ._

LAW AND POLICE.

EXTENSIV COMMERCIAL FRAUDS.—At the Mansion
House two respectably dressed men, giving the names of
Edward Jones and Francis Thompson, who had been
apprehended by Mr. Shore, Inspector of Metropolitan
Dectective Police, Great Scotland-yard, were brought up
before the Lord Mayor for examination on various charges
of obtaining goods on an extensive scale by means of false
pretences. It appeared that the prisoners had
carried on a very extraordinary system of fraud,
During the past year they had traded as
Herbert and Co., pawnbrokers, outfitters, and general
salesmen, 17, Northcote-street, Gloucester; J. Newton
s and Co.' general merchants, 41, High-street, Bristol ;
Samuel Pile and Co., provision dealers and china ware-
housemen, 1, Royal-terrace, Douglas-park, Norwood ;
J. Macdonald, general agent and employer of com-
mission travellers in town and country, 63, Gracechurch-
street ; C. Fuller and Co., drys-alters, grocers, &c.,
Bath ; and finally as F. Clark and Son, jewellers, out-
. fitters, and pawnbrokers, 1, Devonshire-terrace, Union-
, street, Plymouth. About three weeks since they took premises
at the last mentioned address, which they fitted up in a
very expensive style, and adopted the name of F. Clark
and Son, probably with the view of inducing persons to
believe that they were connected with a highly respect-
able firm of that name at Truro. Immediately after
securing the premises they gave orders for goods to
houses in London, Birmingham, Plymouth, Sheffield, &c.
and in the course of three weeks, succeeded in obtain-
ing property to the amount of about £3,000, with which
they, it was alleged, absconded. On Tuesday last they
were apprehended in Harrow-road, London, by Inspector
Shore and Sergeant Lansdowne, of the Metropolitan
police. Evidence having been given as to the obtaining
of a portion of the goods, the prisoners were remanded for
a week.
THE LAND CREDIT COMPANY OF IRELAND V. LORD
FERMOY AND OTHERS.—In the , Court of Chancery this
suit was heard. The company was one of those in which
the notorious David Leopold Lewis was largely concerned.
The object of the present suit, which was instituted by
the official liquidator in the name of the company, was
to make the late directors, Lord Fermoy and others,
personally liable to repay a sum of £3,739,
part of the company's money, which had been
expended in speculative purchases of the com-
pany's own shares. The Master of the Rolls held that the
purchase was unauthorised by the company's articles of
association, and made a decree against all the defendants
to repay the money. The present appeal was by Mr.
Henry Munster, one of the defendants, against
whom a writ of fa. fa. had been issued to
enforce the payment of the money, and who had after-
wards paid the sum into court. Mr. Munster's case was
that he was not liable for the breach of trust which had
been committed, inasmuch as, though he was present at
the Board meeting at which the cheques for the sums
expended in the purchase of the shares were approved,
he was entirely ignorant of the purpose for which the
money was required, and knew nothine whatever of
the real nature of the transaction till long afterwards.
It appeared that an executive committee had been ap-
pointed by the board to consider (among other things)
some business proposals to the company. The articles of
association gave power to appoint such a committee.—
The Lord Chancellor said that he should be very loth
to take any step to absolve a director from his duty, or
to hold for a moment that the inattention of a director
while business was being transacted could do away with 1
his responsibility in respect of business done while he was
present. But the Court must have regard to the nature '
of the trust reposed in directors by the constitution of the 1
company. His lordship thought that the case as I
against Mr. Munster failed, and his appeal must be I
allowed, and the bill must be dismissed as against him,
with costs. The money which he had paid into court
would be repaid to him. Lord Justice James concurred. I

WORN OUT AND ILL-USED.--Win. Thomas Camp,
cab-driver, No. 15,864, was brought up at the Marl-
borough Police-court, charged by the Royal Society for
the Prevention of Cruelty to Animals, as follows :—Mr.
James Cox, of Crown court, Pall-mall, saw the pri-
soner driving a Hansom cab yesterday, and noticing that
the horse was in a deplorable state, he went to the offices
of the Royal Society for the Prevention of Cruelty to
Animals, in Jermyn-street, and caused the present steps
to be taken. Peet, an officer of the society, said the
horse's knees were broken and blackened over to prevent
observation ; it had a wound in the inside of the flank as
large as the palm of the hand, another large one on the
outside bore marks of the whip, was spavined and totally
unfit for work, but very well bred, and would work till it
dropped. The prisoner said his master sent him out, but
he (the prisoner) did not know its condition, but the
officer said he must have done so. The prisoner was fined
40s, or a month, and a summons directed to issue against
the owner.
A MAGISTRATE'S REMARKS ON INDEORNT BATHING.—
Saktmel Drake, a lad of 17, was charged, at the West-
minster Police Court, with indecently exposing himself
while bathing in the Thames. A constable proved that
the prisoner with others were innocently bathing in a
creek near ( remorne Gardens, close on athoroughfare. He
took prisoner into custody, Mr. Selfe said it was a farce
to suppose that it was an offence to bathe in the Thames.
Without there was a deliberate exposure, with intent to
insult, there was no offence save that which could be
maintained by indictment for a common law offence.
Two inhabitants said it was close to a roadway, and
within 30 feet of the houses ; they ran about to get dry.
Mr. Selfe asked whether they were willing to prefer an
indictment at the Sessions. They said they would not
like to take the responsibility. Mr. Taylor, the clerk,
informed his worship that a similar case had been brought
before Mr. Arnold, who had adjourned it until next week
for some of the inhabitants to complain if they thought
proper. Mr. Selfe remanded him on bail, for Mr. Arnold
to adjudicate upon the whole of the four cases.
DISGRACEFUL CONDUCT OF A TICKET COLLECTOR.—
John Mackrean, ticket collector, at the Stepney station of
the Great Eastern Railway, was charged on a summons at
the Thames Police Court, with throwing stones from the
station and wilfully breaking windows. The complainant,
Mr. Waller, is the occupier of premises near the railway
station. Inthe course of the last three weeks many of his
windows have been broken in a very mysterious manner.
The prisoner was at length suspected of having caused the
mischief, and, on the complainant's son speaking to him,
he was threatened with a good thrashing if he was not off.
On the sth of the present mouth, between 7 and and 9 in
the evening young Waller was on the watch, and saw the
prisoner distinctly throw a large stone from the win
dow of a room in the station where he was on
duty, and it struck one of the wndows of Mr. Waller's
premises and broke it. He then complained to the pri-
soner, who assumed an arrogant tone, and threatened to
give him a good thrashing. Several witnesses connected
with the railway were called by Mr. Pelham, and they
said they were on duty on the night of the sth, and if any
stone had been thrown from the station they must have
seen it. The prisoner received a first-class character from
the witnesses. Mr. Pelham said his client was a steady,
industrious young man, who, from being a porter, had,
through attention to business, rose to his present position.
Mr. Lushington asked Mr. Waller if there was any
difference between him and the prisoner. Mr. Waller
said there had been none that he was aware of. Mr.
Lushington said he must convict the defendant, and he
saw no reason to doubt the accuracy of the evidence of
Mr. Waller, jun. There was evidently quite light
enough for the complainant's son to distinctly speak as to
the identity of the defendant, He ordered the defendant
to pay 20s. for the damage and is. fine, and also ordered
him to find bail to keep the peace and be of good behaviour
for six months,

THE IRRIGATION COMPANY OF FRANCE,
It may be remembered that in the recent petition pre-
sented by Mr. Fox, solicitor, of Newport, Monmouth
shire, in respect to the Irrigation Company of France, it
was prayed that the concern might either be wound up
compulsorily, or under the supervision of the court, or
that the value of Mr. Fox's interest might be ascertained,
to meet which a sum of £7,000 was deposited in court by
order of the judge.. The petition was dismissed as
to the former prayers, but the Vice-Chancellor (Sir R.
Mains) gave the petitioner the option of either having the
whole petition dismissed without costs, or the value of
his interest ascertained by arbitration or an inquiry in
the chambers, the matter being adjourned until yesterday for
purpose of enabling Mr. Fox to decide which alternative
he would accept. Mr. Glasse, 9. C., with whom was Mr
Napier Higgins, as representing the petitioner, now
declined to accept the arbitration, and elected to have
the petition dismissed without costs, intimating that
it was his intention to appeal from the decision in the
superior court.—The Vice-Chancellor said he would make
an order accordingly, and would take care to let it appear
on the. record that the petitioner had declined to avail
himself of the alternative offered him, so that the Court
of Appeal might be fully informed of the manner in which
the case came before them.—Mr. Glasse contended that
the rejection ought not to appeal on the record, inasmuch
as the circumstance would have a tendency to prejudice
his case in the eyes of the Court of Appeal. If the court
persisted in the intention which had been expressed,he should
demand that the whole thing should appear as a positive
order, inasmuch as giving him an option was placing him
in a false position. The Vice-Chancellor acceded to the
demand, but complained that everything that could be
conceived had been done with the view of embarrassing
the court. Matters having resulted as they had, the
necessity for retaining the whole deposit of £7,000
in court was removed ; and he would therefore
direct that £4,000 should remain to abide the ultimate
issue of the ease, the balance not to be made
available for the use of the liquidators until the 6th of
August. He also expressed a hope that the appeal would
be investigated by more than one judge, the question as
to whether a small body of dissentient shareholders were
entitled under any circumstances to a winding-up
order, being of such importance that there was the
greatest necessity for establishing an authority. Mr.
Cotton, Q. C., counsel for the Credit Foncier and Mobilier of
England, stated that prior to the appearance of the com-
mittee of shareholders, for whom Sir Roundell Palmer
appeared, his clients possessed a larger interest in the
company than any of the other opponents of the petition,
and he therefore applied that the whole of his costs might
be allowed. The Vice-Chancellor remarked that he
could not sanction two sets of costs, except with
the assent of the liquidators. All he could en-
force was the costs of the Credit Foncier up
to the time when the committee of shareholders appeared.
Mr. Cole, Q.C., who appeared on behalf of the liquidators
did not object to the Credit Foncier having the whole of
their costs ; whereupon Mr. Glasse complained that the
Irrigation Company were, and always had been, playing
into the hands of the Credit Foncier.—The matter then
dropped, the Vice-Chancellor observing that he had never
seen such a case in the court before, and he hoped never
to see another like it to the end of the world.

The Marquis of Bate was expected tq arrive at
Cardiff on Thursday.