At the quarterly meeting the attention of the delegates was called by the chairman to the cases of one or two societies in Glasgow which were members of the Federation, but which purchased little or no bread from the Society. At this meeting, also, attention was again called to the needs of the Federation for more capital. The work of Mr Craig in securing individual depositors had not yet begun to have any noticeable effect on the finances of the Society. At this time propaganda work was engaging the attention of the committee, and a conference of societies in and near Glasgow was held for the purpose of inducing them to become better customers of the Federation. At one of the meetings about this time the chairman suggested that another meeting place be got for their committee meetings, as the business was being overheard where they met at present. Societies were now beginning to join up more freely. Applications from some of the outlying societies were held up for consideration, but in November 1873 Kinning Park joined the Federation, taking up 100 shares, and a short time later London Road Society became a member. UNINFORMED CRITICISM. About this time the editor of the _Co-operative News_ seems to have been criticising the Society’s balance-sheet, for a discussion took place in committee on the subject, and it was duly minuted that “the remarks of the editor with regard to the balance-sheet were wrong; that it had been the same with the quarter previous, and he considered the editor should make himself better acquainted with the circumstances of the business before commenting on it.” At this period the Federation had been caught on a rising market with a very small stock of flour on hand. The master bakers of the city had a meeting, but two of them refused to raise the price of bread, having evidently large stocks in hand. Flour was eight shillings a sack dearer than when the price of bread had been fixed. It was decided to maintain the price of bread in a line with Glasgow prices; but it was agreed that if a general rise took place in the various districts the members of committee should notify the manager so that he could act accordingly.