The Sun.
London, England, 1863-06-22 00:00:00

SOUTH AMERICA.

We have received per French mail steamer
Guienne advices from Buenos Ayres to the 14th of
May. Congress was in Session, its opening being
inaugurated—hg-.2re,ajaant,,ailre to a lengthened
message, described by the Standard as " a nice piece
of rhetoric, and true in all its details, yet it has
two faults, being rather too long, and too much
couleur de rose in promising immense progress, re-
form, enterprise, &T." After a long controversy,
Mariano Saavedra was re-elected Governor of the
extramural province of Buenos Ayres by 39 votes,
out of an Assembly of 64 members. Grave doubts
were raised as to the )egality of such an act, the
Constitution prohibiting re-election. Nevertheless,
his former tenure of office having been brief,
the difficulty was overleaped, and his re-election
was regarded as a triumph of the peace party
over the second candidate, Signor Gainza, who
is an ultra-provincial, i.e., anti-nationalist.
Signor Riestra's party was divided, voting in equal
moieties for the opposite candidates. The Chambers
had as yet done nothing, the Cordova Railway and
other important bills being before committee, among
others, the proposed change in the Custom-house
law, which, if carried, will cause a serious reduction
of duties on nearly every class of English goods.
The Minister of Finance had also laid before the
house a Free Banking Law, which will tend,
if passed, greatly to increase the value of the
Buenos Ayrean securities.
Flores, the filibuster chief, was still hiding from
the authorities, with a force variously represented
at from 70 to 700 men. Several parts of the Argen-
tine Republic had been threatened by the bandits
of Rioja ; but in every case they had been re-
pulsed and routed, and the national Govern-
ment counted on sufficient elements to crush out all
opposition, even if, as was suspected in some quar-
ters, General Urquiza should have sinister inten-
tions.

The Buenos Ayres Great Northern Railway was
doing a large business, and the works rapidly pro-
gressing, the third portion of the road, to a place
called Lo Olivos, being intended to be opened to
the public on .the 20th or 25th of May. The Boca
Railway, to connect the wharfage of Buenos Ayres
with the city, was steadily progressing. The
works of the Cordova, or, as it is called, the Grand
Central Argentine Railway, had commenced, and
the contract with Mr. Wheelwright awaited speedy
ratification by Congress. The Government, who
are the owners of the Western Railway, had -ad-
vertised for bids for the extension of the line
from Moreno to the town of Mercedes, and it
was considered more than probable chat an Eng-
lish contractor would get the contract. A rail-
road was projected to connect an important town in
Corrientes with Concordia, one of the river ports
in Entre Rios, the contract for which would pro-
bably be taken by an English house. This road
will ensure the carrying trade from Brazil to Con-
cordia, as vessels cannot pass that town in conse-
quence of the cataracts in the Urugnsy.
The city of Rosario is about to be lighted with
gas, an English engineer, in company with Mr.
Calzadilla, a native gentleman, having got the
contract.

Several vessels had arrived at Buenos Ayres
during the fortnight with emigrants, and over 100
Irishmen were landed from La Zingara, all of
whom were immediately employed by their fellow-
countrymen in the camp.
The high price of gold was the cause of serious
inconvenience to foreign merchants. Doubloons
had kept so long over 400 paper dollars currency,
that, notwithstanding the regular burning of the
paper money each month, people had lost all hope
of having the currency improved by any, save
the most stringent measures. The London and
River Plate Bank was doing a good safe business,
as also the Mane Bank, which it was thought will
establish banks of issue in the provinces if the new
banking law is passed. In exchange transactions
by this mail had not been active, and the sum total
was a little under the usual average. The sales,
however, had been firm, and very little fluctuation
experienced. On England a few transactions were
effected at 6215., bat nearly all the bills passed at
675. The total amount on England was £140,000.
On France the rate was 85f. to and the
amount passed about 400,000 f. On Brazil about
1,000 oz. passed at from 29,800 reis. Bolivauo cur
rency had no alteration, and all the sales for the
fortnight were made at the uniform rate of 211
per doubloon. Paper currency had fluctuated
about the end of the fortnight, owing to the un-
favourable advices received from the interior and
neighbouring republic of Banda Oriental. The
last quotation was 444 reis per doubloon, and rates
of foreign exchange as follows :—England, 675. ;
France, 84f. 84-31. 84f. ; Antwerp, 841 f. 84f. ; Rio
Janeiro, 29,800reis ; Montevideo at par ; Gas shares,
8 per cent. premium ; Bolsa shares, 14 per cent.
prem.
Business at Buenos Ayres had been rather brisk.
During the fortnight subsequent to the sailing of the
British ship Oneida for Southampton a good deal of
wool was sold at fair prices ; the high figure of ounces

enabling the shipper to pay a few more paper dols
the arrobe. There was but a very small stock o
wool on hands, the bulk having been already

shipped. The sheep farmers of the province had
had a splendid lambing season. In some parts
drought was experienced, but within the last
week it rained most copiously, and all fears of a
winter drought were dispelled. The extreme high
price of land in the province was, however, a
great drawback. Many Cheep farmers were cross-
ing the Arroyo Medio, and settling down in the
fertile wilderness of Santo Fe, where pasture lands
are unreasonably cheap. The arrivals of wool from
the camp since the commencement of the season
amounted to 2,100,000 arrobes, of which 1,950,000
were sold, and stecks amounted to 150,000,000.
Good lots of superior mestizo and well conditioned
wools had been in good demand, and the prices paid
were as follows—Fine mestizo wool, unwashed, 90
to 96 ; good do., 85 to 90 ; fair do., 75 to 85; mixed
do., 70 to 75; Borrego. do., 60 to 70; low mixed
and creole, 50 to 60. From the provinces the fol.
lowing sales have been effected-270 bales Cordova
at 35 reals; 250 do., at 36 reals ; 620 do., at 37 ;
100 do. Santiago, at reserved price; 600 arrobes
Entre Rios, at 26 reis ; 1,600 do. Corrientes, at 27
rein; 500 do., at 28 reis; and 2,000 do. ordinary
Banda Oriental, at 21 reis.
The sales of ox arid cow hides daring the fort-
night had been as follows :—Dry hides.—For North
America--24,000 sold at 381, to 39 reals for Cor-
rientes, 39 to 41 reels for Entre Rios, 36 to 40 reels
for classified from the province of Buenos Ayres, ac•

STAMPED ....M.

cording to weight and condition. For the Northern
Continent-5,500 hides sold at 42 reals ox, 381 reals
cows matadero bides; camp hides at 43 reals for
novillos, and nominally 41 reals for half novillos half
cows; stock, 12,000 hides. For France, Spain, and
Italy-19,000 hides sold as follows :-11,000 Cor-
doba, 363 to 40 reals; 4,000 becerro and low weight,
30 to 31 reale ; 3,500 ditto for Spain, 39 to 413, reals ;
600 ditto heavy novillos, 37 reals. The stock of
unclassified hides was as follows :-3,000 Cordoba,

1,000 Paraguay, 10,000 the provirce of Buenos
Ayres; total, 19,000. Salted ox and cow hides—
sales since last mail :-1,000 novillo hides, 381- reals ;
7,500 ditto, 39 reals; 1,500 cow hides, 301 reels.
Total sales, 20,000 hides, and last price 39 reals for
novilles. The sales of all the season amounted
to 208,400 hides, and the total slaughter to 205,400
animals. During the fortnight the slaughter bad
been 27,500 animals ; there was a stock of 1,000,
and sales to make up for 4.000. Besides the fore-
going sales took place of 1,500 cow at 324 reis, and
500 ox at 37 reis from Colonic, to be delivered at
Buenos Ayres, duties payable by purchasers ;1,650
cow at 30 reis, and 600 bull at 6 reis from Laguna
de Los Padres. And from the rivers, delivered free
of duty'; 1,100 cow at 321 reis, and 500 ox at 401
reis; also 6,000 Entre Rios hides at 391, with cow
at 31 reis, and tallow to correspond at 141 reis, all

free of duty.
Salted horse hides, 6,000 at 121 reis, guaranteeing
351 b. weight. Very few dry horse hidea coming in.
Tallow sales during the fortnight were :-150
pipes, at 131 reals; 505 pipes, at 13 reals; 125
pipes, at 131 reels ; fob 'pipe's, private terms. Total
sales 986 pipes. Last price 13/ reals. Stock 160
pipes. Also 200 pipes to arrive from the rivers at
15 reals. In the Uruguay there had been a sale of
500 pipes, at 141 reals.
Advices from Rio
,de Janeiro are to the 25th of
May. Exchange on England opened at 278 d., but
subsequently declined to 271 d., 90 days, at which
rate it was flat ; on Paris quotations were 350 to
352 per franc. Specie.—Doubloons, 30 ; sovereigns,
8,890; Brazilian gold, par. The Bank rate of dis-
count was 10 per cent. In the coffee market small
sales had caused dealers to give way somewhat in
prices, and business as a rule was effected with more
ease, the market favouring buyers, though holders
contended over every concession. Receipts continued
small, and would have had more effect if there had
been any disposition evinced to operate,