The Sun.
London, England, 1870-02-16 00:00:00

ICY CRICKET.

A new variatign of an old sport is coming into
vogue. Several cricket matches on the ice have been
played this winter, and during this last frost a great
contest came off at Swavesey, near Cambridge,
between eleven members of the All England Eleven
and the University and sixteen of Swavesey. Bats-
men, howlers, and fielders worn skating pattens, the
care required in moving about on those articles coun-
terbalancing the exceptionable swiftness of fast bowling
on the smooth ice. Run-getting was remarkably
rapid, and altogether the experiment promises well.

MONEY AND BUSINESS.

(From else Springfield Republican, Jan. 29.)
The ease in money has increased during the week, and
has been by no means counterbalanced by increased busi-
ness or speculation. Not only the great cities are filling
witlf money, but the interior centres like Pittsburgh, Louis
ville, which always report a stringency, now have
money enough. To-day's lesson is the necessity of istab
Ebbing among the banks some plan, analogous to the old
Suffolk Bank system, by which bank notes may be re-
turned to their sources in times of abundance. In its pre-
sent working, the currency flows to the centres through
channels that seem to be so valved as to aid its introgres-
sion, but check the return current. It is the venous system
without the corresponding arterial. In reforming the
bank system, this experience will be turned to good ac-
count, if it leads us to provide circulation in both directions
—out from the banks and back to them. For in this lies the
only natural and efficient cheek to overissue and inflation.
With a currency redeemable in gold and continually return-
ing to the issuer for srch redemption, inflation is an impos-
sibility. The surplus unabsorbed by the public needs must
flow back to its own source as inevitably as the unplucked
flower withers and returns to the earth that produced it.
The money market on the Pacific coast, with which we
are every day becoming more intimately connected, also
shows considerable ease and increased mercantile deposits
at the banks. The Alta California says the demand for
money has fallen off on account of stagnation in business.
Enterprise has received a severe check in the competition
with Eastern production (via and because of the Pacific
Railroad), and also in the attempts of labourers to e 7 act
ten hours' pay for eight hours' work. "The attempt to
force up wages at the moment the railroad was surmount-
ing the Serra Nevadas, bringing with it the cheap labour
of the East was suicidal." The decline in building has
paralyzed all affiliated occupations, and cheated both
capital and labour out of their hire. Well, the working-
men have some things to learn, especially that both they
and their employers are subject to certain laws of supply
and demand, more despotic and certain of execution than
the laws of the Medes and Persians and St. Crispins. Gold
is a little lower than it was a week ago. On Friday (21st)
it was down from 121 of the previous day to 1201, but the
Customs of Saturday advanced it to 120 f. On Monday it
toak a leap to 1211. A " private" cable dispatch (anything
"private" has an awful effect in Wall-street), that the strike
at Le Crenzot, in France, had not yet ended, shared
with Senator Sherman's bill the taurine glory of this toss
There are two other causes, however, more efficient than
either of these; foreign exchange is high owing to an
unaccountable scarcity of cotton bills, and the immediate
disbursements of gold interests are not expected to be
sufficient to supply the demands of importers for bullion to
pay their Customs' duties with. The New York banks,
however, hold $39,454,003 against 628.861,197 last year
so that there is really no cause for alarm. On a sharper
foreign demand for American securities the price fell off,
and by Tuesday had dropped to the lowest point of the
week. The exports of specie from New York, thus far
this year, amount to $1,316,682, comparing with the same
peried in past years as follows :

1870 51.316,682 1863 $3,763,059 1857 $1,087,285
1869 2,251,472 1862 2,658,274 1856 101,834
1868 7,161,031 1861 58,504 1855 116,621
1867 2,583,211 1860 912,219 1854 1,845,682
1866 2,545,236 1859 2,912,659 1853 747,670
1865 2,967,573 1858 7,673,888 1852 2,881,290
1864 4,333,587
The import of srecia has been $270,377, against $169,905
in 1870. Governments have been generally firm during
the week, fluctuating somewhat with gold, and closing
with a rise in spite of gold's decline. The foreign and
home demand for Ametican securities, in view of our im-
proving credit abroad and the easy money market here,
is very sharply felt, especially as the supply is subject to
the perpetual drainage of a few millions a month to he
buried in the Treasury vaults at Washington. Our 62's
in London are never quoted at less than 87 now, and
sometimes at 87+. London, by the way, seems to have
succeeded Frankfort as our most prominent Bond depot in
Europe; of course, it never should have been otherwise.
Southern State Bonds are unsettled, as usual. Tennessees
started the week brilliantly, but have since declined. New
North Carolinas are also weak ; in bonds of this issue the
New York Stock Board make no discrimination, but pri-

vate dealers prefer those of 2.867-8 to the "special tax."
A recent resolution, not yet acted upon, in the Legisla-
ture of that State, proposes to suspend the payment
of interest on the Special Tax Bonds till their constitu-
tionality can be determined. Of all the Southern States
Texas seems to have the most flattering prospect. Out of
debt, with $300,000 in her Treasury, and a Republican
Administration, immigrants are rapidly pouring over her
borders. West Virginia also has no debt, but honourably
proposes to shoulder her part of the ante-war debt of Old
Virginia. The stock market has been the scene of some
adventure during the week. The reported issue of stock
by the Chicaeo, Rock Island, and Pacific Road, without the
sanction of the New York Stock Exchange, has been con-
firmed and pretty thoroughly exposed. The unauthorized
issue was about $2,000,000, and has been cautiously
dribbled into an unsuspecting and highly favourable
market during some months. This was in direct violation
of rule three of the Stock Exchange, requiring all new
issues of stock to be registered for the proper information
of the public, and the stocks of the road have accord_
iegly been expelled from the list called at the daily
sessions, thus following iu the fortunes of Erie, which
wes once expelled for the same cause, and was re-
cently readmitted. The managers of Rock Island,
in defence of their course, allege rogue's reason, sim-
ply and only :—That they could not sell their watered
stock so advantageously its issue was known,
and that they wished to avoid he expense of injuuctions
and attendant legal proceedings. The counterfeiter's
plea is precisely the same ; be consummates his crime
secretly, because, if it was known, he could not dispose of
his spurious money, and would be obliged tc undergo the
expense and discomforts of hanging. The Toledo and
Wabash claims tohave lost nearly $700,000 by being com-

polled to give notice to the Stuck Exchange of its issue
last summer. The Lake Shore, in order to avoid a similar
loss, sold its stock on the very day and as far as possible
within the very hour of giving notice. But 4bese com-

panies were merely paying the penalty of increasing their
indebtedness,and have no right in business equity to resort
to subterfuge to escape it. Rock Island is now called at

the National Stock Exchange (Fisk's) and has fallen from
1191 to 103. The War-164 which claims to have first ex-

posed this rascality, urges also an investigation of the
management of the Milwaukee and St. Paul, which claims
to spend 335,000 per mile in the construction of road that

does'nt cost half that, and is scheming to depreciate and
buy in North-`Postern stock, so as to control the latter
road at the May election. The president of the Milwaukee
and St. Paul has issued the syllabus of his directors
advising the stockholders to authorise the issue of

$828,06C as a stock dividend, at the rate of 83 for each
share of preferred, and 87 of each of common stock. He says
the receipts have fallen off on account of the depression in
the grain trade, and estimates the State and Federal taxes
levied upon the company at the rate of 4 cents for every
bushel of grain transported. The company has 936 miles
of road in operation and 837;000 per mile capital. There
is much speculation in North -Western,by European parties,
who buy and sell per cable as they used to do in Erie.

The Northern Pacific Railroad has secured Jay Cooke as
its agent, but does not intend to issue stock immediately.
It is proposed to first connect Red River with Lake Supe-
rior by a road of 225 miles long, all in Minnesota, the
eastern terminus being on the Lake Superior and Mis-

siscippi Railroad 20 miles south of Duluth. This done,
certain Amsterdam capitalists, who are now at work on the
St. Paul and Pacific, are ready to build the road to the
Missouri. There has been considerable activity in Pacfin
Railroad mortgages and a further advance in prices.

Union Pacific first mortgage bonds on Tuesday sold at $3
and Centrals at 93, and the market was swept of all the
bonds offering at these figures. The demand was from

home investors and foreign bankers, especially Germane,

in the case of Central bonds. In Union Pacifc land gran)

bonds a very large business was transacted, all tho way
up to 63 and interest. An additional interest was given
_ _

to this movement by reports that the Pacific mail sieam.

ship company intended to withdraw their steamers run-
ning between New York and Aspinwall and Panama and
San Francisco, confining their operations to the China line.
On Saturday evening an agreement was signed by the

Adams and American Expross Companies, by which the

latter surrenders to the former all the routes given by the
Adams to the Merchants' Union under the arrangmaent of

December, 1867, and which were transferred by the Mer-

chants' Union to the American upon their late consolida-

tion. In consideration of the transfer, the Adams pays to
the American $600,000, within a period of five years. As

a compensation for the tmnfer of the Fort Wayne and
Chicago route, the Adams g ivos to the American the trans-

portation over the Cincinnati and Indiana road, the lower
end of the Illinois Central road, and the Jeffersonville

(tndiana) road. The United States Company has not

yet signed the agreement; which, however, does not in-
terfere with the arrangements between the Adams and

American. In trade foreign merchandise is improving,
and importers of dry goods especially are preparing for a
large spring business. The imports thus far this year at
New York amount to $13,956,817, against $15,856,197 in
1869, of which $4,786,*208 is dry goods, against $5,981,881.
Cotton and breadstuffs are both strong with favourable
_ _

Liverpool advice& Provisions have Lot changed very

much.

(From the Wall-street Journal.)

FRIDAY EVENING, Jan. 28, 1870.

Miscellaneous Stocks are gl
which had fallen to 38i, hal
N. Y. Cent. & Hud. Rr 9si
Erie
Reading
Mich. Central ll7i
Illinois Central

Cleveland & Pittsbrg. 91
Chi. & North-West 72
North-West Preferred 89;
Canton..
Rock Island .- 105}

—,and
Cleveland and Toledo
Fort Wayne BB

Money on call is exceedingly easy, and the ruling rate
is at five per cent., with exceptional rates at four and six
per cent. Discounts continue to work easier, and first-
class acceptances, for which there is an active demand,
are current at six and eight per cent., the principal busi-
ness being at seven per cent. Gold is active to-day, the
opening price having been 1211, and having reached 121 k
and 121 a, has finally closed at 1211.

QUOTATIONS FOIL SPECIE.
Amer. silver... 94 to 97* I Eng. sous 486 to 488
Mex. dollars...lo3* „ 101 20 francs 385 „ 387
Eng. silver 470 , 480 I Valera
Five francs .... 96 „ 97 j

THE SUN, LONDON, WFDNEMAY: EVENING, FEBRUARY 16, 1870.

/ Foreign Exchange is rather easier, rates being abou t
I off.
s. Da
L Six
ondon Bankers
-_lO Iys.9
London, Prime Commercial lOBl -108 i
Paris, Bankers
Bremen, Bankers
Hamburgh, Bankers 351-34
Frankfort, 0 M 4Ol-40/
Berlin and Cologne
Antwerp 5.211-5.161
Amsterdam, Bankers - ...
S wiss 5.21f-5.161
Government Bonds are generally steady, and there is
a fairly active demand, the principal transactions being in
67's, 68's, 10-40's, and currency 6's.
Sixes, 1861, registered llBl to 1181
Sixes, 1881, coupon
Sixes, 1868, coupon .. - to -
U.S. 6s. Pacific Railroad
Five-twenties, 1862, registered ll5l to 116
Five-twenties, 1862, coupon
Five-twenties, 1864, coupon
Five-twenties, 186.5., coupon
Five-twenties, 1850, coupon, new
Five-twenties, 1867, coupon
U.S. 5-20 Coupons, 1868 ll4f to 1141
Ten-forties, coupon ll2l to 113
Ten-forties, registered
Oregon War Loan, Sixes 1881 - to -

;enorally higher, Pacific Mail,
ving advanced to-day to 40f.
Pacific Mail 4of
Atlantic Mail
Quicksilver
W. 11. Telegraph
Miraposa

Mariposa Preferred lBl
Ohio and Mississippi.: 25
Boston Water Power 18
Cumberland
NY- dNHa-

.i\ _ an, __ven 138
M & St. Paul
1.1 & St. Paul Preferred 86k

Railroad Stocks are generally steady and prices firm,
a heavy business being done in New York Central, Chi-
cago and North Western and Chicago, Rock Island and
Pacific, the latter of which, spite of its ignominious ex-
pulsion from the New York Exchange, has to-day ad
vanced "on the Street" to 113.

The following were the
Mortgages :
N. Y. Central 6s, 1883 89{
N. Y. Central 6s, 1887 88
N. Y. Central 6s, U Est 36}N. Y. Central 6s, Sub'u 854
N. Y. Central 75,;1876 101
N. Y. Con. 7s, con. 76 —
Erie Ist Mort, Ex 94
Erie 7s, 2d Mort, 1879 B9l-
Erie 7s, 3d Mort, 1883 B6
Erie 7s, 4th Mort, 1880 7Bf
Erie 7s, sth Mort, 1888 74
Long Dock Bonds
Buff. N.Y. &E. let M,'77 B4
Hud. B. 7s, Ist M, '69_1011
Had. It. 7s, 3d M, '75 991
Harlem Ist M, '6B '72 100
Mich. C. Ist M, 69'72 1161
Mich. new Ist M 88,132 —
Mich. So., 7 p. c 2d M 941
N. Ind. Goshen Line '6B
Mich.S.&N.l.S.F'd7p.c. 961
111. Cen. 7 p. c, '7O 116
Alton &T. H. let M
Alton &T.H. 2d pfd
Alton & T. H. 2d M. Inc 74
Han.& St.J.LandWrntslos
Han. & St. J. Con
Chi. B. & Q., Ist M 105
Ohi. & N. West, S. 96
Chi. & N. W. Con Cony. 90
Chi. & N. W. Int B 7ll
Chi. & N. W. Ist M 94f 1
Quincy & Tol, let M, '75 70
111. Jr So. lowa Ist M 7O
Gt. West. Ist M, 'BB B3}
Gt. Western 2d M '93 771
Tol. & Web. Ist M Ex 9l
Express Stocks are steady:
Adams 6o} to 601
American Merchants' Union 361 to 37
Merchants' Union, old Stock to
United States
Wells, Fargo, and Co 201 to 201
Southern State Bonds continue slow, excepting in Ten-
nessees and MiEsourie, which show some activity. The
unprincipled and reckless manner in which the credit of
the Southern States is being manipulated, ought to fire
every correct thinking Northern capitalist with alarm
and indignation.

closing quotations for tho

Tol. & Wab. Equip 73
Mil. &Pr. du Oh. lst M —
Gal. (Sr Chic. Ext 101
Gal. & Chic. 2d M 9l
Chi. & R. L Ist M 100
Chi. R. I. & Pacific 7's 95
Cleve. & Tol. S. Fund 96
N. J. Central Ist M 102
N. J. Central 2d M 94
Pitts. F t.W., & Ch. Ist M 1021
Pitts. Ft. W., & Ch.2d M 941
Pitts. Ft. W., &Ch.3d M 9O
Cleve. & Pitts., 4th M 741
Chic. & Alto!), S. F. Inc —
Chic. & Alto; S. F. lstM 971
MR. & St. P. 1121 Ist M 9l
Mil. & St. Paul 2d M B2
Marietta & Cin. Ist M B7
Morris & Essex Ist M 991
Morris & Essex 2d M
Joilet & Chic. Ist H —
Chi. & Gt. East'n lstM 75
N. Y. & N. H. 6s ... 95
Dubuque &S.City,lst M. 93
Peninsula Ist M 9O
Ohio & Miss. Ist 31 92
Ohio & Miss. Con 7B
Tol. P. W. Ist M. E. D 7Bl
Atlantic & G. W. 2d M —
Del., Lack., & W., 2d M 9Ol
Lake Shore Div. Bonds 85
Cleve, P. & Ash. N.B —

Do. 0.B::.
Union Pacific Gold 8... 87}
Central P. 1311. Gold 8... 94-f
Pacific ER. guar. by Ido. 91f

The following table will show the Earnings of Thirteen
of the Leading Railroads of the Country during the years
1868 and 1869:

1E69. 1868.
Chicago and Alton
Chicago and North Western
Chic., North Island, and Pacific 5,274,609 4,797,161
elev., Col., Cin., and Indiana 3,115,965 2,918,312
Cleveland stud Pittsburg
Illinois Central
Lake Shore and Michigan So 12,926,0(10 12,194,000
Marietta and Cincinnati
Michigan Central
Milwaukee and St. Paut
Ohio and Mississippi 2,915,547 2,964,039
St. Lou, Alt , and T. Haute
Toledo, Wab., and Western 4,269,418 4,0 3,200
Total 573,176,973 $69,251,815

This table shows hat the Chicago and North Western
earnings decreased $ll,llO in 1869, and the Ohio and Mis-
sissippi $48,432. All the other roads did better in 1869
than in 1868, and the aggregate increase in the earnings is
equal to 83,987,760. There has been much animation all
the week in the bonds of the Pacific Railroads, which are
now regularly quoted on the Frankfort market, where

they have greatly advanced. Central Pacific, under large
orders from Europe, have been purchased to-day at 94i,
and Union Pacific's at 87f to 87k. The St. Joseph and
Denver Railway Company has made a contract with an
English firm for the purchase of $320,000 worth of iron,
to be delivered at once. The iron is now in New Orleans,
and will be forwarded to St. Joseph as soon as possible.
The New York Trust Company guarantees payment for
the iron. This is enough to complete the road to Marys-
ville.

IMPERIAL PARLIAMENT.

Colonel Baker's Montana expedition returned
to Fort Shaw on the 28th January, having killed 173
hostile Indians, Baker's party losing one man killed and one
wounded. On this account the expedition has been pro-
nounced a complete success, as well as in having destroyed
44 lodges, with all the winter supplies, robes, &c., and
captured over 300 horses. The Blood Indians delivered
up all the stolen stock in their camp. Most of the mur-
derers and inauraders of last summer were killed. We can
only regret the necessity which exists for such proceedings,
which look badly on paper, though the aspect they assume
in the far West is widely different. Accounts from Omaha
state the report of the disaster to the Pawnee raiders was
exaggerated. Four Indians had their feet and hands
frozen, and were unable to reach the Reservation, but the
others arrived safely. They captured 129 ponies from
friendly Indians on the Arkansas river, but say that they
ha ino fight. Superintendent Janney will return' the
stolen property to the owners and have the leaders of the
stealing expedition punished. The hunting expedition
had returned, having been successful ; large numbers of
buffalo wore killed, with other game.

HOUSE OF COMMONS.—TUESDAY.
The SPEAKER took the chair at four o'clock.
NEW MEMBER.
Mr. MussTER took the oaths and his seat for Waterford
city.

The accounts from Red River allude to the sud-
den fall in the thermometer to 45 deg. below zero, seven
men having been found frozen to death between Forts
Garry and Abercrombie on the 16th Jan. On that day took
place the most fearful storm ever experienced on the plains.
The two correspondents—Cunningham of the Toronto
Globe, and Robertson of the Telegraph.—fortunately ar-
rived four days before, the storm, and were comfortably
lodged in gaol by Riel. They bribed their guards, how-
ever, and escaped, leaving Pembina on the 18th, and ar-
riving at St. Paul on the 28th January. Their opinion is
that the insurrection will be over, and the Government
revert to the Hudson's Bay Company, by spring. A con-

ference had been held between the insurgents and the
Roman Catholic dignitaries from Quebec without result,
as Vicar-General Thiebault could not produce the
credentials required by the insurgents. The inte-
rest of the United - States in Riel has sensibly slack-
ened since it became known that he opposed annexa-
tion. The news by Cable from Toronto is to January 21,
telling that great meetings had been held at Fort Garry of
all the leading men on the two preceding days. Mr.
Donald Smith, of the Hudson Bay Company read a dis-
patch of the Canadian Government, appointing him Com-
missioner for inquiry into the causes of the insurrection,
and also a dispatch of the Governor-General of the Do-
minion to Earl Granville, which spoke in a reassuring
manndr of the character of the conflict at the Red River.
These gave satisfaction to the meeting, and twenty Eng-
lish, with a like number of French representatives were
appointed to hold a convention on the 25th of January to
decide on the best course; Riel, the commander-in-chief,
supporting the plan.

NICKNAMES OF STATE RESIDENTS.—AIabama, Li-
' zards. Arkansas, Toothpicks. California, Gold Hunters.
Colorado, Rovers. Connecticut, Wooden Nutmegs. De-
laware, Muskrats. Florida, Fly-up-the-Creeks. Georgia,
Buzzards. Illinois, Suckers. Indiana, Hoosiers. lowa,
Hawkeyes. Kansas, Jayhawkers. Kentucky, Corn Crack-
ers. Louisiana, Creoles. Maine, Foxes. Maryland, Craw
Thumpers. Massachusetts, Bay Staters. Michigan, Wol-
verines. Minnesota, Gophers. Mississippi, Tadpoles.
Missouri, Pukes. Nebraska, Bug-eaters. New Hamp-
shire, Granite Boys. New Jersey, Blues or Clam Catchers.
New York, Knickerbockers. North Carolina, Tar Boilers
and Tuck oes. Ohio, Buckeyes. Oregon, Webfeets and
Hard Cases. Pennsylvania, Pennaniites and Leather-
heads. Rhode Island, Gun / lints. South Carolina, Wea
sols. Tennessee, Whelps. Texas, Beofheads. Vermont,
Green Mountain Boys. Virginia, Beagles. Wisconsin,
Badgers. Territoi ies, &c. —Dakotah, Squatters. Utah,
Polygamists. New Mexico, Sranish Indians. Idaho, For-
tune-seekers and Cut-Throats. Nova Scotia, Blue Noses.
New Brunswick, Fish-heads. Nevada, Sage Hens. Ca-
nada, Canucks.—Pacific Coast Almanac.