The Sun.
London, England, 1860-05-04 00:00:00

MONEY MARKET AND CITY NEWS.

THIRD EDITION.

CITY, Two O'CLOCK.
During the last few days there has been rather
more activity in the markets for foreign and colonial
produce. Tea has been on steady demand, and
realised full rates. Sugars, suitable for home con-
sumption, have met a fair inquiry, and fully late
values are current. The transactions in coffee have
been moderate, and good fine qualities of plantation
Ceylon have slightly advanced, while other descrip-

SUN OFFICE, Seven o'clock.

IMPERIAL PARLIAMENT.

HOUSE OF LORDS—(Tms EVENING.)
The LORD CHANCELLOR took his seat on the woolsack
at five o'clock.

tions have been dealt in at former prices. No busi-

PRIVATE BUSINESS.

ness of importance has been recorded in saltpetre.
For fruit and specie the demand has been inactive,
except for low descriptions of currants, which have
been taken by the trade to some extent. Tallow
has been dull, and a further dechne may be noticed
in value for both present and forward delivery.
In the Liverpool Cotton Market yesterday the
transactions were rather extensive, and prices were
firm. The sales amounted to 10,000 bales. The
Railway Share Market closed steadily, and with

The Stockton and Darlington Railway, Stourbridge Rail•
way, Bourton-on-the-Water Railway, Widnes Gas and
Water, and Hinckley and Leicester Railway Bills were
read a second time.

The following bills were read a third time and passed :
Gallashiels, Innerleith and Peebles Railway, Lower King's
Ferry Road, Glasgow Corporation Water, Norwich Cor-
poration Markets, Cannock Chase Railway, and Manches-
ter Improvement bills.

CHURCH RATES.

A great number of petitions against the abolition of
church rates were presented by the Bishop of Winchester,
and by the Earl of Ducie, and Earl Spencer, in favour of
their abolition.

an upward tendency in quotations.
A moderate demand for money is reported, but
there is much less activity than might have been
expected from the payments due to-day, the 4th of
the month.

NAVAL RETURNS.

The Earl of HARDWICK gave notice that on an early
day he should move for certain returns relative to the con-
tractors, the prices pAid, and the seaworthiness of certain
ships.
LLANDAFF :AND CERNTON DISTRICT MAR-

About £BB,OOO was taken into the Bank of Eng-
land yesterday.
On the 16th inst. a further instalment of 8 per
cent. is due on the Canadian Loan.

KETS BILL.

On the motion that this bill be read a second time,

At the public sales of foreign and colonial wool,
which commenced yesterday, being the second
series for the present year, there was a full attend-
ance of both home and foreign buyers. The bid-
dings for the various qualities were moderately
active, and except for the finer descriptions of
Sydney and Port Phillips a decline of id to 1. per
lb. took place, compared with those current at the
previous sales. The quantity to be offered at these
terms amounts to about 50,000 bales, the greater
portian of which is from Victoria and Adelaide,
with a few parcels from Sydney and the Cape of
Good Hope. Some addition, however, will no
doubt be made previous to the conclusion of the
sales, which are fixed for the 29th inst.

•
Lord CHELMSFORD objected to the bill on account
of the serious inconvenience it would occasion to the inhabi-
tants of the districts to which it referred. The noble lord
spoke at some length upon the fact that the bill proposed
to deal with a great part of the parish of Wroath,
which had been exempted from it when the promoters of
bill :first obtained their powers, and he hoped their lord-
ships would think that he had established a case that the
present bill was a violation of the principles upon which
legislation was founded. Unless the promoters of the bil
satisfied him that that part of the parish of Wroath to
which be alluded was to be excluded from the bill in com-
mittee, he should object to its being read a second time.
Lord STANLEY of ALDERLEY supported the bill,
and thought all the objections of the noble and learned lord
could be dealt with committee.
The Earl of SHREWSBURY said he had been asked
to support the bill. He thought the proper place to dis-
cuss objections would be in committee. lie did not think
the promoters would have any objection to amend the bill
so as to meet the views of the noble and learned lord.

Very little alteration has taken place to-day in
the market for public securities, the dealings not
having been of a character to produce any move-
ment of importance. Consols are 954 ; for money
and the 9th instant, and 951 2 for the June settle-
ment. The New 3 per Cents. and the Reduced are
flat, at 931 I. India New Loan is steady, at 106+1;
ditto 52 per Cents., Enfaced Paper, is firm at 104 i;
and the Debentures are 967- 971. Exchequer Bills
are heavy at 6s. to 9s. prem.
Continued activity is reported in the Foreign
Stock Market, and prices are firm. Turkish 6 per
Cents. are 761 to 771 ; ditto New. 611 to 624 ; Peru-
Tian 41- per Cents. have improved to 921, Spanish
Deferred to 381 1, Russian 41 per Cents. to 971 981,
ditto 6 per Cents. are fiat at. 108, Mexican at 21;
221; Sardinian are 851 86, and Portuguese 451
The Ocean Marine Insurance Shares are 21 3
prem.; the Universal ditto, 2- y prem.
There has been more activity in the Railway
Share Market today, and prices have shown a
further improvement. Caledonian, Brighton,
North-Western, and North British have advanced
ss. ; Edinburgh, Perth, and Dundee, and Great
Northern, 10s. ; and the A Stock, 10s. to 15s. ;
Bristol and Exeter, and London and Blackwall,
15s. Great Western, Oxford, Worcester, and
Wolverhampton, have declined ss. ; and South-
Easterns,

After a few words from Lord Redesdale, Lord Wensley-
dale, and Lord Chelmsford in reply, the bill was read a
second time.

ORGANISATION OF THE INFANTRY.

Lord LUCAN then rose to call the attention of the
house to the present state of the organisation of the in-
fantry. The noble lord said, as the subject of our national
defences had excited so much attention, he had felt it his dnty
to bring the present subject under consideration. Great
stress had been laid lately upon the importance of an effi-
cient navy, but whatever might be the effect of such a pre-
caution, the public safety could not be safely guaranteed
without an effective army.

(LEFT SPEAKING.)

HOUSE OF COMMONS.—(Tnis EVENING.)
The SPEAKER took the chair at four o'clock.
PRIVATE BUSINESS.

The following bills were read a third time :—Commercial
Docks Acts Amendment, Finn Valley Railway, Milford
Haven Railway and Docks.

The North Eastern Railway (Extension of Time, &c.)
Bill was considered, and ordered for third reading.

INDIA.

In the Foreign and Colonial Markets there has
not been much activity ; previous rates have been
fairly supported.

Sir S. NORTHCOTE gave notice that, on Monday next,
he would bring under the notice of the house certain
changes received by the East India Government, and also
the appointments made in India by Government from 1854
to 1860.

APPOINTMENTS IN IRELAND.

Joint Stock Bank and Miscellaneous Shares con-
tinued in fair request. Oriental Bank improved
about 58., and London and Westminster ss. Union
of London have declined about ss. Peninsular and
Oriental Steam are steady at 80, and Madras Irri-
gation have advanced to ss.

Mr. CONNOLLY gave notice of a motion relative to re-
cent appointments in Ireland made by the Lord Lieutenant,
particularly that of Mr. Lyle.

CANAL COMPANIES.

Mr. BEAMISH asked the President of the Board of
Trade whether it was intended to renew the Act of 1858,
restraining canal companies being also railway companies
from leasing canals ?
Mr. M. GIBSON answered in the affirmative.
BERWICK ELECTION.

Members were appointed to eonfer with the Lords in
order to agree with them in a joint address to the Crown to
issue a commission in regard to the election proceedings at
Berwick.

After a considerable delay the hon. members returned,
and

Dated May 3,1880.

THE SUN, LONDON, FRIDAY EVENING, MAY 4, 1860.

the 10th Foot, to be Lieutenant, vice Coke, who ex-
changes.
15th Foot—Lieutenant Francis Robert Fishbourne to be
Instructor of Musketry, vice Lieutenant Cuthbert, pro-
moted.
19th Foot—Captain Montgomery Williams, from the 84th
Foot, to be Captain, vice Thomas Conway Lloyd, who
exchanges.
21st Foot—Lieutenant Isaac Tristram Coffin to be Captain,
by purchase, vice John Henderson, who retires; Ensign
Blakslcy to be Lieutenant, by purchase, vice Coffin.
24th Foot—Captain David Gibson, from the Military Train,
to be Captain, vice Charles Hunter, who exchanges.
25th Foot—Ensign Henry James Harvey to be Lieutenant,
without purchase; Assistant-Surgeon John Thomas
Milburn, from the Staff, ;o be Assistant-Surgeon, vice
Creasy, who exchanges.
30th Foot—The surname of the Gentleman appointed to an
Ensigncy, by purchase, on the 17th ultimo, is Braine and
not Brain, as stated in the " Gazette" of that date.
60th Foot—Ensign Henry Richard Treeve to be Lieu-
tenant, without purchase, vice J. W. King, deceased.

68th Foot—Sergeant Henry Sladden to be Quartermaster,
vice Tunks, who retires upon half-pay.
84th Foot—Captain Thomas Conway Lloyd, from the 19th
Foot, to be Captain, vice Montgomery Williams, who
exchanges.
87th Foot—Ensign John Hooker Vowell to be Instructor
of Musketry.
91st Foot—James T. Roberts, Gent., to be Ensign, by pur-
vice Robertson, appointed to the 3d Dragoon Guards.
100th Foot—Lieut. Francis B. Bleazby, from half-pay, late
Land Transport Corps, to be Lieutenant, vice Derbishiro,
who resigns.
Gold Coast Artillery Corps—Ensign Gisborne Homer to
be Lieutenant, without purchase, vice Charles Hewett,
promoted, without purchase, to an Unattached Company.

BREVET:

Brevet-Colonel Edward Walter Crofton, Royal Artillery
to have the local rank of Brigadier-General in China.
Lieutenant-Colonel Edward Brice, Madras Horse Artil-
lery, to be a Lieutenant-Colonel in the Army from July 20,
1858.

Major George Chetwode, Bth Light Dragoons, to be
Lieutenant-Colonel in the Army.
Captain Charles Woodland, let Madras Native Infantry,
to be Major in the Army.
Quartermaster Thomas Tunks, retired on half-pay 68th
Foot, to have the honorary rank of Captain, under the
Royal Warrant of Dec. 17, 1855.
The undermentioned promotions to take place consequent
on the death of Lieut.-General John Home Home, Colonel
of the 56th Foot, on the 22d April.
Major-General Sir James Holmes Schoedde, K.C.B.
Colonel 55th Footh, to be Lieutenant-General.
Brevet-Colonel Charles Franklyn, E. 8., Lieutenant-
Colonel half-pay Unattached, serving with the temporary
rank of Major-General on the Staff of the Army at Gibral-
tar, to be Major-General.

Major and Brevet Lieutenant-Colonel George Calvert,
Clarke, 2d Dragoons, to be Colonel.

Major John Verkins Mayers, 86th Foot, to be Lieutenant-
Colonel,

Captain Charles Taylor Du Plat, Royal Artillery, to be
Major.

The undermentioned promotions to take place consequent
on the death of Lieutenant-General Edward Fleming,
C. 8., Colonel of the 27th Foot, on the 23d April, 1860 :
Major-General Sir Henry John William Bentinck,
K.C.8., Colonel of the 28th Foot, to be Lieutenant-
General.

Brevet-Colonel Godfrey Charles Mndy, Lieutenant-
Colonel half-pay Unattached, Lieutenant •Governor of
Jersey, with the local rank of Major-General, to be Major-
General.

Lieutenant-Colonel George Valentine Mundy, C. 8., 19th
Foot, to be Colonel.

Brevet-Major John Richard Heaton, 37th Foot, to be
Lieutenant-Colonel.

Captain Samuel Borges Lamb, 10th Foot, to be Major.

BANK OF ENGLAND.

An Account, pursuant to the Act 7th and Bth Victoria,
cap. 32, for the week ending on Wednesday, the 2nd day
of May, 1860 :

ISSUE DEPARTMENT.

Notes issued £28,593,5851

£28,593,5E!

Proprietors' Capi-
tal £14,553,000
Rest
Public Deposits (in-
cluding Exche-
quer, Savings'
Banks, Commis-
missioners of Na-
tional Debt, and
Dividend Ac-

Government Debt £11,115,100
Other Securities .. 3,459,900
Gold Coin & Bullion 13,118,584
Silver Bullion ....

528,593,585

counts) 6,871,608
Other Deposits 13,43.3,233
Seven Day and
other Bills 878,208

o E PARTY iNT.
i Government Seen-

ritiee Chiding
Dead Weight A-
nnuity)
Other Securities
Notes
Gold and Silver
Coin 764,728

08,769,840
w.

438,76),810
MILLER, Deputy Cashier.

AVERAGE PRICE OF SUGAR.

£5OO S. and M. That would be understood to mean in
exchange of notes for gold. \We have some customers,
named Samuels and Mostyn, bullion dealers. It was cus-
tomary to enter the initials of a firm, but not of private
individuals, in such transactions. On the 27th I find two
=changes. One is E.C.R. (Eastern Counties Railway),
£1,500. The other is £l,OOO, S. and M. Turning back
to the £506 exchange, I find a £5OO note was given, num-
bered 4,984, 27th of January, 1859. On the 27th the
E.c.n. exchange I find that on one Bank of England
mate of £5OO, numbered 38,611, dated January 27th,
acrd also a Bank of England note for £l,OOO, numbered
855748, and dated 28th January. Turning to the other ex-
change of S. and M., I find a £l,OOO note numbered 85,778,
(bated January 28th, was given for gold.
Cross-examined by Mr. Lewis, who appeared for Lyttle-
r ten—When the prisoner received money to a certain
amount it was his duty to hand it to Pullinger,
as the chief cashier, to see that the accounts balanced, and
then to write out a docket which goes on a file to be passed
through the ledger. The docket is the only proof that the
money has been paid to Pullinger. Lyttleton did all that
was his duty. He was not expected to do more than he has
done. It was no part of Lyttleton's duty to see that the
sum was paid into the Bank of England, that was Pullin-
gees duty. It was his duty, but it was a custom
to pay the money before twelve. I don't know

as a fact that the Bank of England will not receive
coin after 12 o'clock. I believe it is their practice not to
take it after 12. On the 25th there is an entry of £5OO
(gold) having been paid in exchange for a note S. and M.
If the head cashier brought him gold for £5OO, would it
not be his duty to gi ►e him a note for that amount, and en-
tered if he directed as for S. and M. If such a transaction

occurred as to the E. C. R. exchange it would I think be
his duty to consult the manager before he did so. The
Union Bank authorities had the greatest confidence in
Pullinger. I thought him above a falsehood. He had the
confidence of every one.

Mr. Lewis—Such being so do you mean to tell:me that if
Mr. Pullinger went to him with £1,500 in gold, and said to
Lyttleton give me notes for the amount he ought not to
have done it ?
Witness—No, without reference to the manager.
Mr. Lewis—ls there any rule to that effect ?
• Witness—No, but the singularity of the transaction ought
to have induced him to consult the manager.
Mr. Lewis—Don't you by your books know it was done
constantly.
Witness—What.
Mr. Lewis—The exchange of notes for gold.
Witness—l don't know so, but by ref,vence to the books
I find it is so.
Mr. Lewis—Why was Lyttleton not to make the ex-
change ?
Witness—Because it was so large an amount.
Mr. Lewis—A large amount—Was it because he was to
doubt Mr. Pullinger, who had been in the bank 21 years.
Witness—He ought to have consulted the manager.
Mr. Lewis—lf Samuels and Montague had brought
£1,500 or £3,000 to Pullinger, and he had taken it to Lyt-
tleton for exchange, was he to hesitate about making the
exchange. It would not be strictly his duty to do so, but
it would have shown a want of discretion.

Mr. Lewis—lf rullinger had brought you £1,500 for ex-
change, would you refuse to make the exchange ?
Witness—l should hare referred this to the manager, as
he is my superior officer.

Mr:Lewis—Then why should Lyttleton have done more
than you would have done ?

Witness—The strangeness of the transaction should
have induced him to do so, as the Eastern Counties Rail-
way were not in the habit of doing such business.

Mr. Lewis—Do you call 51,5001 large amount.
Witness—Yes.
Mr. Lewis—What, for a railway company.
Witness—Yes, especially as that kind of business was of
an unusual nature.

In answer to further questions, witness said—l always
looked upon him as an honourable young man. I have not
traced a shilling to have gone to Mr. Lyttleton. His books
show all the entries as true. There is no false entering dis-
covered. lam induced to say that because the Bank of
England does not give us credit for the £3,000 entered in
one of Lyttleton's books, that entry is a false one. Ms.
Pullinger kept the pass-book of the Bank of England.
Lyttleton had nothing to do with that book. If I had paid
Pullinger £3OO, and he had put it into his pocket, and he
had not paid it into the Bank, I should not call an entry I
should make a false one. The pass-book put in is the only
book between the Union and the Bank of England. There
was another book, but it was kept locked up in the bank. It
is not here, at least I have not brought it. Mr. Pullinger
used to appoint the person to carry the money to the bank.
I don't know that a porter has carried money to the Bank
of England. I know that Mr. Pullinger used to take the
money to the Bank of England. I will not however swear
that a porter has n)t carried as much as £15,000 by him-
self.

Mr. Humphries here said he appeared here on. the part
of Mr. Pullinger, not to offer any defence to the charge,
but his client was anxious to state that there was nothing

to connect Lyttleton with these transactions mad that he
was perfectly innocent of any fraud. (Applause.)
_ _ ___ _ _ _