The Sun.
London, England, 1870-12-06 00:00:00

121111; SUN, LONDON, TUESDAY, DECEMBER 6, 1870.

THE MONEY MARKET.

THE CONSERVXIIVE LAND SOCIETY.
The eighteenth annual meeting of this society was held '
this day at the Norfolk-street offices, Viscount Ranelagh
in the chair. The secretary (Mr. C. L. Gruneisen) having
read the advertisement convening the meeting, the fol-
lowing report of the Executive Committee was submitted
—The Executive Committee; in laying before the share-
holders their eighteenth, yearly. report, :are . enabled .to
append thereto a satisfactory return of' the busi-
ness of the Society. as shewn in the audited ab-
stract of accounts .and balance-sheet for the financial
year ending the 30th of September, 1870. It will be seen
from the subjoined tabular form, that the receipts for the
four quarters and the grand totals to Michaelmas, indi-
cate that no change has taken place in the continued
prosperity of the Conservative Land Society, notwith-
standing the unforeseen and disastrous events which have
marked the present year, causing such large fluctuations
in the prices of public securities :

CITY, Two O'CLOCK.

On the Stock Exchange to-day the principal move-
molts are in Foreign Stocks and English, 'Railways.
The English Funds are steady at the better prices ob-
tained yesterday. gonsohi are- now 91/ to 92 for money,
and 92 for sth of January ; New and Reduced 91/ to
92 ; India 5 per Cents., .110 to 110} ; Exchequer Bills,
10s. to 15s. prem. ; and Bank Stock, 230 to 232.
In Foreign Stocks Spanish are higher, and Turkish of
1869 1, the quotationsbeing—ltalian, 551 to 552 ; Spanish,
311 to 31i ; Turkish Five per Cents., 44/ to 451 ; French
Scrip, 4 to 1 prem. ; and Japan, 97 to 99.
The half-yearly coupons on the Ist proximo on the
Honduras Government Railway Loans are announced
for payment on and after that date. The annual drawing
under the sinking funds of 3 per cent. on each loan will
take place on the 31st inst.
The subscription list for the 20,000 5 per cent. preferred
shares of the Bedford and Northampton Railway will be
closed on Thursday next, the Bth, for London, and on
Friday, the 9th inst., for country applications. The
shares were quoted 3 to 1- prem.
The committee of the Stock Exchange have appointed.
Thursday, the 15th inst., a special settling day in the
scrip and bonds of the new 6 per cent. capital, amount-
ing to £750,000, of the Great Western Railwaylof Canada,
which are to be marked. •
At the half yearly general mpet:ng of the City of London
Real Property Company (Limited), an ad-interim divi-
dend was declared of two per cent, for the half-year.
The half-yearly meeting of the Madras Railway Com'
pany is called for the 16th inst.
The half-yearly meeting of the proprietors of the Union
Bank of London will be held on the 11th of January, to
declare a dividend.
Berger, Spence, and Co.'s weekly report says :—A
quieter feeling has pervaded the chemical trade of the
past week, but it may be partly attributed to the fact
that inquiries on account of contracts have perceptibly
diminished. There is, however, a healthy demand for
home consumption in most products, and bleaching
powder is notably advancing. Soda ash remains the same
as last.lCaustic Soda is slightly in favour of buyers. The
briskness noted in soda crystals is on the decline, as is
generally the case at this season, but prices are firm.
The export trade is less than last week, and shipments to
all parts have decreased, with the exception of soda ash
to the States. In regard to minerals the improvement in
iron ores continues, and some large sales have been made
during the week. Some extensive contracts in pig iron
have been made, the delivery extending over next year.
Copper is again firmer. Tin remains without change,
while lead is advancing. Spelter unaltered.

Qrs. ending

Slia re s
progress.

Shares Total
Complete Shares.

Receipts.

Dec. 25,1869
March 25, 1870
June 25, 1870
Sept. 3 ), 1870

77 593
88471
I'2 6 8
7 478
216)
•
0,70

£32,124 12 7
2 1
34,19; 4 :1
:46 6.'3 7 0

1:!3,276 15 11

Totals to Ml
chaelmas,

32,596

1,450,082 19 3

G rand totals to
Michaelmas,! -70

34,7 Z-G

1,583,359 15

8,55 t

•
Total withdrawals under the rules since
the formation of the Society (1802) to
Michaelmas, 1870, are ... •• • •• •

399,971 3 9

The last share number issued to Michaelmas, 1870, was
No. 34,756.
The reserve or surplus fund to Michalz-
mas, 1870 (exclusive of office premises
and furniture account), amounts to ...

£10,500 0 0

The four auditors appointed at the quarterly meeting of the
shareholders, on the 10th of October last, namely, Mr.
Clemow, Manager of the Dudley and West Broomwich
Bank, and Mr. Goad, Estates Agent, Essex-road, Islington,
elected by the members, and Mr. Thomas Russel,Public Ac-
countant, and Mr. Newman Winstanley, nominated by
the board, under the certified rules, met on the Bth, 9th,
and 10th of November, verified the vouchers, books, and
accounts, duly signed the balance sheet, and certified
as to all deeds and securities being deposited in the
strong room. After leaving the reserve or surplus
fund at £10,500 (exclusive of office premises and furniture
account, which now stands at the present • value
of £2,533 10s. 5d.), the executive committee are enabled
Ist. To provide for the interest, at five per cent. per
annum on shares (completed, or paid a year in advance),
and for the interest of four per cent. per annum in De-
posit Department. 2nd. To add to the accounts of mem-
bers holding uncompleted invested shares, not in arrear (in
respect of which no interest has been paid), a bonus
equivalent to five and a half per cent. per annum, and
on shares paid a year in advance and upwards, a bonus
of half per cent. will be added to the accounts in the
Pass-book. 3rd. To pay to the holders of Completed Shares
half per cent., in addition to the five per cent. already paid.
Every payment on the shares on the register at the pre-
sent annual meeting, not being in arrear, will therefore
realise 5i per cent. per annum for the present year, ending
the 30th September, 1870. As regards the additional
interest of half per cent. to which the holders of com-
pleted shares will be entitled by the above declaration of
bonus, the amount will be included in the half-yearly
Ludy-bay interest warrants issued and payable
on and after the Ist of May next (1871). The
rate of interest on shares (completed) and those in
progress (paid a year in advance), will remain for the
present at 5 per cent, per annum, and the half-yearly
warrants up to Lady Day and Michaelmas will be issued
at the customary periods, namely, the Ist of May and
the let of November. As regards rate of interest for the
deposit department, that is, for investors who are not
members of the society, it will remain unchanged at 4
per cent. per annum, payable half-yearly on the Ist of
May and let of November, simultaneously with the
interest warrants of the share department. The ordinary
quarterly meetings of the members were held on the sth
of April, the sth of July, and the 10th of October.
Since the last annual report., H. W. Currie,
Esq., has ceased to be a member of the
board, and J. C. Cobbold, Esq., honorary member
of the executive committee, has retired from the office of
trustee. The executive committee, under the rules, hand
appointed N. W. J. Strode, Esq., of the Albany, and
Camden Place, Chislehurst, a member of the board, as
trustee, and the resolution as to the nomination has been
duly certified as a rule of the society. The following
members of the executive committee retire by rotation,
viz. :—The Hon. Robert Bourke, M. P,. Colonel Augustus
Meyrick, Sir Lawrence Palk, Bart., and Newnham Win-
stanley, Esq. ; and, being eligible, offer themselves for re-
election. The beneficial effects arising from the co-opera-
tion with the United Land Company (Limited) are suffi-
ciently.indicated in the subjoined return of estates on which
the society has made building advances during the past year:
Kilburn and Harrow-road, Middlesex ; Finchley, Mid-
dle:lA%; Ealing, Middlesex ; Fulham (West London No.
1), Middlesex • Fulham Fields (ditto No. 2), Middlesex ;
Hammersmith' (ditto No. 3), Middlesex • Holloway,
Middlesex ; Kentish Town, Middlesex ; *tied Green,
'Middlesex ; Willesden, Middlesex ; Portsmouth (Nos. 1
and 2), Hampshire ;_ Clapham Junction (Nos. 1,2, and
3), Surrey ; West Hill (Putney Heath), Surrey • Plough
Lane (Battersea), Surrey ; Red Hill, Surrey 2 Walling-
ton, Surrey; Putney Common, Surrey ; Sutton,_ Sur-
rey ; Carshalton, Surrey ; Wanstead, Essex ; Forest
Gate, Essex ; Sheerness, Kent ; Sandown, Isle of
Wight ; New Ferry (opposite Liverpool), Cheshire.
As regards the Advance Department for the current year,
applications have been made for the annexed properties :
Wellingborough, Northamptonshire Northampton
(Kingsthorpe), Northamptonshire ; Ilavant, Hants ;
Gipsy Hill (Norwood), Surrey ; Muswell Hill (Alexandra
Palace), Middlesex. As the United Land Company,
Limited, have acquired estates at Wolverhampton (Staf-
fordshire) and the Forest of Dean (Gloucestershire), and
are in treaty for other eligible properties, there will be no
lack of building Proposals, the extent and proportion of
the loads on which are matters of consideration at the
weekly Boards of the Directors. The Execu-
tive Committee have again to refer with gratification
to the success of the system of combinedaction; as proved
by the readiness displayed by the members in the taking
of the shares of the United Land Company (Limited), on
their third issue. 1 4 nineteenth year of the Conserva-
tive Land Society is in progress, and no exertions will be
spared by the committee to secure a continuance of the
confidence reposed in them for so many years by the
members, and to ensure a steady rate of interest for their
investments. It never has been, and it never will be, the
policy of the board, to embark into speculative transac-
tions on the chance of obtaining large profits. Security is
the first consideration, and no sounder security can be
found than that of land and houses.

POLICE INTELLIGENCE.-THIS DAY.

IMPORTANT TO TRADESMEN.—Mr. William Haynes, an
extensive greengrocer, carrying on business in various
parts of London, was summoned, at the Westminster
Police-court, under the Metropolitan Streets Act, for
allowing vegetable on a barrow to rest longer than neces-
sary for loading or unloading in a certain public carriage
way in Tachbrook-street and Churtin-street, Pimlico.
The facts were not disputed ; Sergeant Hillock, of the
B Division, proving the barrows 'standing for five hours,
and the defendant and his servants serving therefrom.
Mr. W. D. Smyth, of Rochester-row, appeared for the
defendant, and submitted broadly that the commissioner
of police, under the powers of the Metropolitan Streets
Act, had made regulations for the guidance of coster-
mongers, itinerant traders, and hawkers, who congregated
in large numbers round the defendant's p remises, and in
some instances undersold him. He saw no reason to
believe that the defendant, although a tradesman, should
not be a costermonger, if he chose; for his own protection.
After referring to the definition of the word costermonger,
which appeared very vague, Mr. Smyth said his client
had no wish to offend, but he required the matter set at
rest, and to put au end to the frequent complaints of the
police. Mr. Woolrych was clearly of opinion that a
costermonger was not a shopkeeper, but an itinerant
vendor. He, therefore, was against the defendant, but
in consideration of the question he had raised he should
only order him to pay the cost of the summons.
COWARDLY ASSAULT ON Two POLICE OFFICERS.—Wm.
Gloggon, an Irish coal whipper, aged 20 years, was charged
at the Thames Police-court with violently assaulting
Thomas Smitheram, a police-constable, No. 50 K R, and
Charles Brake, another constable of the same division.
The prisoner was drunk and disorderly, and quarrelling
with some women at the door of his own dwelling in
Bluegate-fields, Shadwell, on Saturday night last at 12
o'clock. He was desired. by Smitheram to go indoors,
which he refused to do, and on his approaching him,
he kicked the constable in the lower part of his person,
and completely disabled him. Blake went to the assist-
ance of Smitheram, and was kicked in a similar barbarous
manner. Smitheram has not been able to go on duty
since. Mr. Lushington said the prisoner had committed
a savage and unprovoked assault on the two officers, and
disposed of the case under the Habitual Criminals' Act,
by sentencing the prisoner to six months' imprisonment
and hard labour.
ROBBERY OF SUGAR AT THE DOCKS.—Thomas Daisley, a"
labourer, aged 45, was charged at the above Court with
stealing 181bs. of raw sugar in the Milwall Dock. He was
coming out of the dock with a coat hanging loosely over
his left shoulder, and on putting it on one side Margetts, a
constable, discovered a bag containing the sugar, which
was quite clean and good. The prisoner said he collected
the sugar out of a dust tin behind, one of the warehouses.
Mr. Lus hington disbelieved the defence, and sentencedthe
prisoner to 21 days' imprisonment and hard labour.

A QUEEN'S COUNCIL DISBARRED.
At a meeting of the Benchers held on Saturday, at
Dublin, Mr. Sydney, Q.C., was disbarred in consequence
of his notorious bill transactions, as made public in the
case of "Harris v. Bagot," several times tried and
untimately resulting in a verdict implying that Mr.
Sydney had forged the bills which were the subject of
action.

TUE IRISH FISHERIES.
Mr. Blake and Major Hayes, who have been holding
meetings relative to the inland fisheries at Killarney,
Kenmare, and eaherciveen, arrived at Bantry Bay, on
December Ist, for the same purpose. These gentlemen
also commenced an inspection- of the seacoast at the Island
of Valencia. - The most noteworthy circumstance
connected with their investigation respecting
the sea fisheries is said to be the extraordinary
quantities of pilchards which are appearing in many of the
bays and estuaries along that part of the coast. Unfortu-
nately, however, a thousandth part of this valuable fish
cannot be caught from the very wretched state of the boats,
and this could undoubtedly be remedied to a great
extent by carrying out the recommendations of the last
Parliamentary Committee that reported on the Irish
fisheries with respect to doans. It is a thousand pities to
see such wealth as is now offered by the vast shoals of
pilchards running to waste for the want of means to cap-
ture and cure them. Probably, not even in Cornwall,
could more be realised by pilchards than along this coast
if the people were put in a position to ply fishing industry.
That this might be done with perfect safety to the Ex-
chequer has been fully demonstrated.—Freeman's Journal.

Sir Roderick Murchison had but little sleep on
Sunday night, and was not better yesterday.
The Jewess Abduction case will come before the
Cardiff magistrates again on Friday next.
Mrs. Frank Matthews is most seriously ill, an
attack of paralysis having completely prostrated her.
A. correspondent informs the .Echo that a well-
known clothing firm at Oxford have received orders for
40,000 pairs of winter trousers for the Gardes Mobiles of
France.
CRYSTAL PALACE.—One Shilling Day, Monday;
Dec. sth, 1870. Admission by season tickets, 834 ; ditto
on payment, 456 ; total visitors, 1,290:
OPERA COMIQUE.—Their Royal Highnesses the
Prince and Princess of Wales honoured this theatre with
their presence last evening, accompanied by the Duke of
Sutherland, Hon. Mrs. Grey, and Col. Ellis.
The brig Mabel, of Hartlepool, was abandoned in
a 'sinking state, on the 24th of October, off Lister, on the
coast of Norway. Six of her crew succeeded, with the
ship's boat, in reaching the barque Friedrich Wilhelm
' Jebens, J. D. Hoppe master, of Dantzig ; but, being
exhausted through having worked the pumps for two
days, could not return to the Mabel for the master and
mate. Their rescue, however, was effected at conside-
rable risk by the mate of the Dantzig vessel assisted
by two of her crew.
For these services the Board of
Trade have awarded Captain Hoppe a telescope, and
a sum of £llos. to the mate, and £1 each to the two
scame n,