The Sun.
London, England, 1866-10-11 00:00:00

ri!E SUN, LONDON, THURSDAY EVENING, OCTOBER 11, 1866.

SHARE MARKETS.—This Day.

-

ORDINARY SHARES AND STOCKS.

Briatoi aria Exeter ....
Caledonian ...
Cambrian
Cork and 8and0n......
Cornwall
Dublin & Belfast June ,
Dun„Perth, & Ab. June I
E.London, zerip

Do. -
Glasgow & S. Western
Great Eastern, Ord. stk.
Do. E. Angl. et. No. 2
Great North of Scotland
Treat Northern
DJ. A stock • •
Do. B stock

Do. New, ts. at 25 pni '
Cit S. and W. or Ireland
Cit. Western -Original
S. VAI. Rail g-ua.
Do. South Wales ....
Do. W. Mid.—Oxford

Do. Newport
Do. Ilereford
:Lancashire& Yorkshire
London and Btackwall
Lon., Brigh.olt S Coast
Lon., Chat., and Dover

Do'. Afar-op. Ex. A
Lon. it North Westcro
Lon. it South Wester',
Alan.4Bhet., it Lincoln
Metropolitan....
Do. New

Do. Extension
netropolitan District.
Do. do. do.
Do. and St. John'sW'd
3lld•and
Do. £9 Share

Do, Birmin.. & Derby
Kent ......
North British
Do. Ed., Pth., & Dun
Nth. 141astern—Berwick
Do. G.N•E purchast
Do. Leeds .....
Do. York
D. Carlisle .....
Do. Stock. & Darling.

Do. do. 1860-61
North London
Do. do. 1861 5

Do. do. 18C6
North Staffordshire
N. & S. W. Junction
Scottish Central
Scot. N. E Aber. stock
Scot, Mid. ®tack
Shropshire Union
South Devon
South Eastern
Staines, Wok., & Wok
Taff Vale
Do. C
Vale of Neath
Waterford & Kilkenny
Waterloo.& Whiteha
West Cornwall

COLONIAL GO PEW
British Columbia, 6 per'
cent., Dec. 31,1872.
Uan.Gov.6 p.c.Ja.& July
1877-84
Do. 6 p. c. Feb. & Aug
Do. 5 p. c. Mar. .3z Sept
00. 5 p. c. Jan. & July
'Do. 5 p. t'. Inscribed sk
Cape G.llope, 6 p.c. 1873
Do.Apl.& Oct • Ib9o-1900
Do, do: 1580-9 u
Do. Jan.&J uly, 1890-9 i
Do. 5 per cent. 15 April
and 15 Oct., 1900

Ceylon, Nov. 1868, 6 p.(
Do. ISIS, do
Mawr Mug, fi p. a, 1873,1
Jan. and July

Do. 1-478
')o. 1882, Mayls, Nov.
Do. 1895, Feb. SD Aust..
atal d4ov. 6 per cent..
g.8.G0v.6 ul)
N. S.W. Gov. 5 lye., 186(
Do. 5 p.c. 18;1 ro 187,,
Do. 5 p.c. 1888 to 1893
New-Zealand, 6 p. cent
Do. 5 per cent.... ...
Nova So Ala Gov. 6 p. C.

sterling, 1875
Queensland Gov. 6 p. c
S. Aus.Gov. 6 p,o 1868-i
Do. 1878 dr upwards
Vio,Gov. 6 p.c. la & July
Do. do, April dr Oct

ME'

190
100
100
U• 0
100
100

554
5.17.0

T SECUIt.

04 96
93 9?;
94 96
75 77
76 79
101 103
101 105
102 101
100 103

88 ?0
100 102
lus 1 7

102 101
163 tOS
lot 03
1(.3 105
97 100
90 22
90 92
00 25
86 87
92 91
79 81

92 91
91 93

105 107

3 4
10 !I
440 160
h i
20 23
0 7
24 3
2 3

10 12
3I 4.1
4 5
19 20
i I

19 21
11 14
33 30
31 3/
6 8
44 6
2} lid
35 45
2 4

f 1

27 30
325 b 75
I II
If 16

11 13
3 5
1 2
11 ;3
63 67
140 150
85 95
23 26
7 9
60 170
8 10

100
102!

1061 1

.rrlEs,

77 6

1(21 k 3k

POLICE INTELLIGENCE.—This Day.

MARLBOROUGH-STREET

INGENIOUS ROBBERY BY A DISTILLER'S WAREHOUSEMAN.
George Hewitt, warehouseman, in the employ of Messrs.
Rickards, of No. 207, Piccadilly, was charged before Mr.
Knox with robbing his employers of a quantity of brandy
and gin. _ _ _

Mr. Sayer, from the office of Mr. Edward Lewis, of
Great Marlborough-street, appeared for the prisoner.
Sergeant George Clark, of the Detective Force, said— In
consequence of instructions I received from Mr. Rickards,
distiller, of Piccadilly, I yesterday evening watched the
prisoner as he left the warehouse, and followed him into
Windmill-street. I then stopped him, and told him that I
was a police-officer, and that 1 suspected he had something
concealed about him belonging to his employers. The
prisoner said, " Then you had better search me." I said
that I should do so, and asked him to go back with me, and
he did so, and ou the way to the station he said he was
very sorry to say that he had got some brandy and gin.
On getting to the station I searched him, and found con-
cealed under his coat two tin cans, one containing brandy
and the other gin. [The cans, ingeniously made so as to
fit the prisoner's boq, were produced.]
Mr. Rickards said—The prisoner entered into our em-
ploy in 1862, and, in consequence of suspicions I enter-
tained, I communicated with the police. I believe the
brandy and gin produced to be our property.
By Mr. Sayer—l have been three years trying to detect
the prisoner, and have on different occasions taken bottles
out of the prisoner's coat pocket, but did not discharge him,
acting under legal advice.
Mr. Sayer—The prisoner will plead guilty if your wor-
ship will deal with the case. _ _

Mr. Knox —I cannot do so. I must send the case to the
sessions.

The Prisoner was then committted for trial.

THAMES.

FALSE CHARACTERS.—IMPORTANT CONTICTION.—AIfred
Hunt, a grocer's assistant, about 25 years of age, was
brought bofore Mr. Paget, charged with unlawfully offering
himself as a servant to Mr. Duncan Wallett, grocer and
tea-dealer, in the Commercial-read, Stepney, with a false'
forged counterfeited certificate of character, purporting to
be signed by Mr. William Williams, of East-street, Wal-
worth. •

Mr. Charles Young, solicitor, conducted the prosecution
for Mr. Wallett, and said the offence charged against the
prisoner was of a very mischievous description. Grocers
were more liable to be plundered than any other class of
tradesmen, and it was of the utmost importance to them
that young men of honesty and integrity should be employed
by them. The prisoner came to Mr. Wallett,who carried on
an extensive business in two establishments as a grocer, tea
dealer, and wine and spirit merchant, and offered himself
for the vacant situation of assistant, which the prosecutor
had advertised. The prisoner was approved, subject to
reference as to character, and referred to a Mr. Barrett, of
Salisbury, as his lost employer. Mr. Wallett wrote to Mr.
Barrett, and received a letter with the Salisbury post
mark upon it, giving the prisoner an excellent and glowing
character. Mr. Wallett's suspicions were aroused in con-
sequence of the unbusiness-like terms of the letterf and
made inquiries through the great firm of Peck and Co., in
the City, who informed him there was no grocer named
Barrett in the city of Salisbury. The letter was a forgery.
When the prisoner called upon Mr. Wallett again, he said
he should like a town reference, and he subsequently
brought a letter purporting to be signed by Mr. Williams,
of East-street, Walworth, speaking of him in the highest
terms. That letter was also a forgery.

Mr. Charles Young then called 31:r. Williams and Mr.
Walcot, who fully bore out the solicitor's statement.
The prisoner made a romantic defence, and said he had
married the daughter of a baronet in one of the shires, and
that she gave him .£5OO to go through the form of mar-
riage after he seduced her, although he had another wife
living. Through this affair ho obtained the forg
characters.

Mr. Paget said the prisoner had committed a very grave
offence, and fined him £2O, and, in default, three months'
imprisonment and hard labour.

London, Chatham, and Dover Railway.

The report of the committee of investigation of
the London, Chatham, and Dover Railway Com-
pany was issued last evening, and forms a remark-
able chapter in joint-stock enterprise, comprising
the whole art of making railways without money,
at what cost to the real shareholders remains yet to
be seen. It appears that from 1860 up to the pre-
sent time the whole cf the capital created and de-
bentures issued have been taken by Messrs. Peto
and Co., or their nominees, and whilst the total ex-
penditure has been £16,683,302, even the nominal
receipts on capital account have only amounted to
£15,253,320, leaving a deficiency of £1,429,782.
This capital has been placed on the market at
various times by Messrs. Peto at most depreciated
rates, and our readers will recollect that three-
fourths of the whole ordinary stock of the general
undertaking, or £2,207,300, were, shortly before
the recent panic, placed in the market, and sold
at £27 10s. per cent. Messrs. Peto now claim
that they did so only as the agents of the com-
pany, and therefore only give the company credit
for that amount, less £38,500 expenses in placing
it. Messrs. Peto and Co. have furnished an ap-
proximate statement of .-the balance alleged to
be due to them from the company, amounting to
£384,010 ; but the committee express their convic-
tion that, upon a full adjustment of accounts, .a
large amount will be found due from the firm to the
company. Large amounts of capital were nominally
created, in one instance to the extent of £1,070,000,
no portion of which, however, has been paid or
expended, in order that the statutory declarations
might be made and the debentures authorised on the
payment of capital be issued, and debentures for
£365,300 were accordingly at once created. The
result is that the debentures far exceed the autho-
rised proportion .in regard to the capital, the total
outstanding debentures on the City lines only being
now £460,678, whilst the Parliamentary limit was
£333,300, the capital being £1,500,000 (part of the
amount put into the market in March last) was
nominally created in August, 1864, and the full
amount of debentures authorised immediately
issued. The committee do not recommend any
course for rescuing the company from its difficul-
ties, but urge the creditors and others to abstain
from individual legal proceedings, and for the pre-
sent to leave matters to stand as they are, all
funds being under the control of the Court of Chan-
cery, which will doubtless settle the position in
which the various claimants stand as regards priority.
A kind of supplementary report from the manager
shows that within the next three years, to complete
the line and stock it, a further expenditure of close
upon £1,500,000 will have to be provided for.
Altogether the report presents a most extraordinary
state of affairs, and the only wonder is, not that the
company has collapsed, but that it did not do so
long before. It now behoves all parties interested
to put their shoulders to the wheel, and devise some
scheme for reconstructing the company, so as best
to protect their various interests, as was done with
the Caledonian Company some years since, and
which, from being one of the most depressed, is now
one of the most flourishing companies in the king-
dom. Parliamentary powers will no doubt be re-
quired, and in any act passed for the purpose suffi-
cient safeguards must be provided to prevent such
flagrant violations of good faith, alike towards the
Legislature and the public, as disclosed in the report
now before us.

The following remarks by the Directors of the
London, Chatham, and Dover Railway Company,
on the Report of the Investigation Committee, have
been forwarded to us for publication :
The directors, while assured of the desire of the commit-
tee of investigation to record the results of their inquiry
fairly and accurately, cannot allow the report to go forth
to the shareholders without pointing out some serious
errors and offering a few observations upon it occurring to
them in the short period allowed to them since its issue.
The chief points upon which the report remarks are—

1. The difference between the amount actually received
and expended upon the. railways and the total nominal re-
ceipts on capital account.
Under this head they state that there is a
sum of -no less than, £6, 057, 85/ 4 3
which has been expended in the re-
bate, loss, and interest, temporary loans

and dividends, while the sum actually
expended on the railway is only ... 10,625,498 7 3

Making a total 0f... ... £16,683,302 11 6
The directors would submit the following details, which
were furnished to the committee, and which show that of
this six millions the shareholders have already had the
benefit, by stock issued to them at a discount, or by interesC
paid to them upon their stocks of nearly four millions. Be-.
yond this the money actually paid to the debenture holders
was nearly £400,000. The shareholders and debenture
holders have therefore had the benefit of about £4,400,000 ;
the revenue loss another £400,000; and the actual charge
for interest en the temporary loa', &c., is out of the total
under £1,400,000.
ANALYSIS OF £6,057,804 4s.
Rebates to Shareholders on issue of Stock.
£ s. d. s. d.

•On generalundertaking -
stocks
On Metropolitan Exten-
sions 1,465,000 0 0
3,206,591 8 0
Amounts paid to shareholders in interest :
On Ist preference
On common fund stock 52,127 0 5
On B and C interest
On Link B shares 952 11 2
On Great Northern con-
tribution
747,801 12 3

3,954,396 0 3
Paid to debenture
holders
Interest, &c., on tempo-
rary loans 1,364,393 3 7
Deficiencies on Revenue Accounts :
General undertaking,
1863
ditto 1866 274,165 17 6

339,660 11 3

Metropolitan Exton-
slow 41,399 5 6
381,059 16 9

6,057,804 4 . 0

2. The committee, page 14, charge the directors with
leasing and working other railways " regardless of the
sufficiency of the company's net revenue to bear any conse-
quent loss."
3. The committee, pages 13 and 15, make strong charges
in respect of the manner in which subscription contracts
have been entered into previously to obtaining the certifi-
cates of the magistrates for authorising the exercise of the
borrowing powers.
The directors are assured that in every instance the sub-
scription contracts have been entered into in the usual way,
and it is the fact that in every instance, excepting that of
the eastern section, shortly to be alluded to, the share ca-
pital has been fully created and issued either to the con-
tractors or the public. _

It is true much of this capital having been taken by the
contractors as the consideration for executing the works
was by them issued at a discount, from the fact that in no
other way could holders have been found. The issuing at
a discount was matter of regret, but also a matter of neces-
sity, and the directors altogether deny the charge made by
the committee of intentionally evading or violating the
Parliamentary powers—a charge based upon the supposi-
tion that share capital, whatever its real value, can only be
issued at par.
The debenture debt comprises a capital of £4,295,230.
(Report, page 51.) The debenture-holders have the security
of £10,625,498 actually expended on the line and works,
irrespective of the £6,047,804 further capital before alluded
to. Even on the showing of the committee the debentures
ars backed by the security in share capital, fully laid out
of more than the 50 per cent. contemplated by Parliament.
As respects the Eastern Section, Sir Morton Peto and
other parties subscribed ihe amount, and undertook in re-
spect of it to construct the lines for which the capital was
raised, and were largely in advance to the company. The
failure of that firm occurring the works have been sus-
pended, and Sir Morton Peto and Co., into whose names the
shares have been transferred, seeing their inability to
complete the contract, executed the transfer to one of the
directors and the secretary of the company, in ordor that
they might, so far as in their power, repair the injury
which would result from the non-completion of the
works.
The receipts set forth in page 16 of the Report merely
record the fact of Sir Morton Pete and Co.'s subnsesriu
pectpntdioenr
and payments upon the shares ands the oblig.atio
which that firm lie to construct te works in res of
which they held the shares.
4.—The Over-Issue of Debentures.
This matter was fully explained to the general meeting
of shareholders on the 31st of August, 1866.
The direotors, in reply to the charge of the committee,
-that the transaction " was altogether unjustifiable," can
only repeat that the transaction would have been perfectly
regular if the money intrusted to Sir Morton Peto and Co.
for the purpose of retrieving the pledged debentures had
been duly applied to that purpose, and the directors submit
whether they IWO u9t juetifisgl, in, anticipating that the

commission so intrutsted was placed in safe hands and
would be faithfully performed.
s.—The Registration of £l,soo,ooo:Stock,
The committee, at pages 19 and 20, have charged as an
extreme irregularity the registration and conversion into
stock of this capital, but it was taken by Sir Morton Peto
and Co. as part of the consideration for executing the works
and finding moneys for the purposes of the general under-
taking, and having been subscribed by them, and put in the
names of their nominees, it was issued to them as paid-up
stock, and so registered in the books of the company.
This is part of the stock which was disposed of in March
last, and for which the market value only was obtained.

G.—Surplus Land,—
The last general meeting had before it the statement of
the company's valuer that the surplus lands would realise
nearly the amount of the liabilities of the company on land
account.

The-committee have stated that part of the lands treated
as surplus would be required for the company's business,
and have contented themselves by saying that they have no
doubt the surplus will ultimately produce a considerable
amount. It is, however, scarcely doing justice to the posi-
tion of the company to omit the fact which was shown to
the committee that this considerable amount would be equal
to about £BOO,OOO, since a sum like this makes a material
figure in the assets and balances of the company.
T. Over-Statement of Deficiency in Revenue.
At page 30 the committee give the deficiency of revenue
upon the year ending 30th of June, 1866, at £274,165. It
was pointed out to them that on the debit side they had
charged a sum of £147,928 in respect of interest and com-
mission which could not again occur, and that this should
have been specifically mentioned, so that the shareholders
might understand that, instead of a deficiency of £274,000,
the remaining deficiency would only be £126,237.
It is, of course, a very different thing to look forward to
overcome a deficiency in revenue of £274,000 or £126,000 ;
the latter is really the deficiency, and the directors think
it due to the shareholders that this should be made intel-
ligible.
8. So frequent allusion is made to Sir Morton Peto and
Co. throughout the report that the directors feel bound to
call the shareholders' attention to the fact that from the
year 1858, in which the Western Extension of the under-
taking was entered upon, Sir Morton Peto and Co. have
been well known to be the contractors for nearly all the
company's works.

The directors are not aware that any firm of contractors
could have been found of greater power of capital, or higher
character. The tone of the report of the committee would
lead to the inference that no check whatever has been placed
on the dealings of the contractors, and in page 14 the corn-
mittee assert that the necessary precautions do not appear to
have been taken in fixing the prices to be paid on the con-
tracts. It is right, therefore, to state that the prices origi-
nally fixed were not only submitted to the company's
engineer and reported upon by him, but were made matter
of reference to the late Sir Win. Cubitt, and finally settled
under his award, and that every subsequent contract was
based upon those prices, and the variations submitted to the
company's engineer, and the company had the benefit of
his judgment. No certificate of works was given to the
contractors except on the measurements of an independent
professional surveyor.
As regards financial operations, in which the company
were assisted by Sir Morton Peto, the directors comprised
in their own body gentlemen conversant with the money-
market, and were advised by others competent to form a
judgment upon these affairs ; but the company has had to
encounter great difficulties in procuring money to carry on
and complete the works, and sacrifices were unavoidable.
The Board cannot allow, withottt emphatic contradiction,
any suggestion that they did not, and to the best of their
ability, act upon a due consideration of all the circum-
stances of the moment, and with a sincere desire to procure
for the company the best terms that could be obtained.
9. The Board had anticipated the Committee of Investi-
gation would have suggested some course for the extrication
of the company from its difficulties. They think it right
distinctly to record their opinion that the whole undertak-
ing will be in great jeopardy unless measures are promptly
taken to raise capital to pay off the floating debts, and thus
enable the debenture holders and shareholders to receive
the net proceeds of the lines as they accrue.
It is true, as stated by the committee, that the order of
precedence of the different interests of the company is under
the examination of the Court of Chancery, but the Beard
cannot too strongly express their conviction that the Court
of Chancery is by no means a desirable resort for a railway
company, and the sooner the company can arrange its own
affairs and deliver itself from the supervision of that Court
the better it will be for the best interests of the undertak-
ing.
The Board, after every examination, and using the re-
sults of the inquiries of the Committee of Investigation,
are still of opinion that it will be requisite for the share-
holders to raise not exceeding a million of further capital,
and this sum will be sufficient to retrieve the affairs of the
company, and enable its directors to apply the net revenue
for the benefit of the debenture holders and shareholders.

It is impossible to conceive that the conductors of an un-
dertaking of the magnitude a the London, Chatham, and
Dover can hesitate to raise such a sum for such a purpose.
The directors themselves inviod the appointment of the
Committee of Investigation, and although they have felt
bound to criticise some of the details of the report, and to
vindicate themselves from the charges which might be im-
plied from its tone, yet they feel, as they are sure the
shareholders generally will feel, that these gentlemen will
have placed the company under great obligation by the
time and labour they have bestowed upon the investiga-
tion, and by the elaborate report they have issued.

By order of the Board,
W. E. JOHNSON, Secretary.

NOTES

FROM
TRAINING DIS,TIRICTS.

(THIS DAY.)

NEWMARKET.

This morning Savernake wont a beautiful mile and a
half gallop, and ho never delighted his trainer more than
ho does now, his action being so free. Knight of the
Crescent galloped nearly two miles, and he too went
grandly. War did about the same, accompanied by West-
wick, who seems to improve fast. Robin Hood (by Wild
Dayrell) had a steady gallop of about a mile and a half,
These are all in the Newmarket herby of to-morrow. The
Prendergast horses that were at work this morning com-
prised Beauclerk, Vauban, Lochaber, Pedagogue, Blink-
hoolie, Star of India, the Kalipyge colt, the Palmer
King's Cross, Floranthe, Knight of the Garter, Greenback,
Pericles, Pussy, Ailesbury, Camilla, and Falkenstein. These
all went gallops of from three quarters of a mile to a mile.
The Hermit was cantering about, and so was D'Estournel
Marksman went a mile steadily. We do not see Achieve-
ment er Lord Lyon out this morning. Saccharometer had
a slow gallop by himself, and Plutus accompanied Sultan
about a mile and a half. Peeress trotted. Broomielaw
and Breadalbane were both in good exercise, and Vespa-
sian went a mile smartly. The Duke of York, Dalesman,
Claxton, Peon, Paris, II Re Galautuoma, Queen Mary,
Mineral, and Jollity, severally engaged in the Cam-
bridgeshire were working freely. Out-and-Outer went a
mile and three-quarters at a cracking pace. Knight of the
Garter was eased, and the Rake also. Volunteer led
Friponnier three-quarters of a mile, sharply. Mirella was
schooling Mr. Merry's youngsters ; and Friday again
pioneered Sceur de Charite, Ettrick, and others of
Joseph Dawson's. Pericles, Opoponax, Bombastos,
and Julius were in good work. Flamingo
was getting forward in condition. Slender had a
two and a half-mile spin. Saladin went nearly a couple of
miles, but steadily. La Favourite was walking. Satyr
galloped three quarters of a mile sharply. Dragon and
Cerf Volant each had a mile gallop, pretty fast. Impera-
tor did three quarters only. Janitor led Hippia a mile ;
and Tourmalin, Tomahawk, and others of Baron Roths-
child's team galloped a mile and a half.

MARLBOROUGH.
Pepper's Ghost, who had a nice sweat on Monday, went
a mile and a half at a clipping pace this morning, led by
Overtonian and accompanied by the Zuyder Zee colts 11_ 0
must have a great chance for the Cambridgeshiore,e._.he
looks and goes well and is turned comparatively lee
ofe miles
three-year old Mayonaise filly galloped
Gentle Kitty, Dragoon, Cantina M
t%
mile and a half
colt, and the Intimidation colt gallopedbo.und
and Captain
steadily. Stilton was walking.
Stnglatford Downs.
Kidd have not yet reappeared on the allec°lu'V3-ild Dayrell
---
FINDW:T;ice, galloped a mile and
Thalia, after cantering a
nni.ildeo.ilug
it /satisfactorily. The
half, working by herself, d
%Wady exercise, including Kil-
rest of the horses are Goldfinder's dam colt,
kenny,. Indiane ISctiacrl,el,37iiiziArtebtr,,Bravura, Sea Mew,
Basqwn colt, Giicad, and others. But most of our
ilioNa .
Sister to Minnie,
principal arrivals are
Rwiital Vlliin
D Goater at Newmarket.
with
Moldavia went two miles this morning in brilliant form.
She sweated on Monday, and looks uncommonly well.
Gayous and Empress of India are coughing. Begum is
in the hospital. The Duchess of Wellington and Ballads
have done no work this week ; and Bumble Kite, Gelert
and St. Magnus have been thrown up. The rest of our
horses are well and in nice steady work, which will in-
crease as soon as Elliott and Watson return home fromNewmarket.

SPORTING INTELLIGENCE.—This Day,

NEWMARKET RACES—Tars DAY.
BY ELECTRIC TELEGRAPH.
SWEEPSTAKES.
A SWEEPSTAKES of 300 sovs each, h ft, for two year olds ;
colts Bst 101 b, fillies Bst 61b, untrieds allowed 31b; Bretby
Stakes Course. 5 subs.
•
Mr. Merry's Marksman (Grimsh:tw) 1
11 Marquis of Hastings's Empress 2
Won by 30 lengths.
PLATE.
-A
PLATE of 50 sovs ; weight for age ; penalties and allow-
. ances ; entrance 2 sovs. 8.31., 1 mile 17 yards.
Baron Rothschild's Dalesman (Wells) 1.
Sir J. Hawley's Kalipyge c (Peake) 2
Mr. Savile's Primrose (Hatuondl 3
Moulsey, Earl Derby, Halcyon, and Greenback also ran.
Betting —6 to 4 agst Moulsey, 2. to 1 agst Dalesraan, S to 1
others. Won by two lengths ; head between second and
third.