The Sun.
London, England, 1869-06-21 00:00:00

REVERDY JOHNSON ON ENGLAND.

Astonishing to learn, the New York press has not
thought oven Mr. Beverly Johnson's opinions unworthy
of notice. A representative of the _Arm York Time has
practised the usual " pump " operation, with the late
Ambassador to England, and has obtained from him an
expression of sentiment which is duly recorded. Mr.
Reverdy Johnson admires England. He declared that
the British Government would never accede to Mr.
Sumner's demands, and that England would rather lose
her last man awl her last shilling than give up Canada.
He believed that Mr. Motley would not find a settle-
ment of the Alabama difficulty very easy work, for much
bitterness was felt in England at the rejection of his own
treaty.

MONEY AND BUSINESS.

(From the Springfield Republican, June 5.)

The money market has been quint, easy, and steady
during the week, with an abundant supply of fends and
IoW rates of interest ; 0 to 61 per cent. have been Ilia rul-
ing figures at New York and Boston, and there is little
activity in the market, except that caused by the usual
chatrAiug of deposite on the first of the month. The in-
flated and highly speculative condition of the st,,,ck mar-
ket, and the continually expanding strength of the Van-
derbilt interest, are, however, producing considerable
caution and circumspection among the capitalists, and and
unexpected alarm in thet quarter would cause instant
stringency and probably panic in the money market. The
tremendous power of the Vanderbilt combination could
hardly be continued intact and effective, should death or
any other agency remove its central pillar, and there is a
growing feeling of anxiety, while such momentous finan-
cial interests depend solely on one human life. The
upward course of speculation in the stock market
must have its limit, and preparations are being made
for the turning point, which may be reached more
Suddenly and sharply than human foresight can pre-
dict. The market is also very sensitive in its
Washington nerve, and seeks to• be prepared for any
new "developments of the policy of the Government.
The continued sales of gold and purchases of bonds at the
present rates will diminish the resources of the New "York
banks some $20,000,000 in twelve weeks, and they will
take timely measures for protection against any embarrass-
ment from that cause, The market at tho West is more
active than for several weeks, and the usual summer dul-
ness is likely to be considerably diminished by a liVely
trade with the towns and cities of the interior. Gold
diminishes its premium daily, and its status for the past
week has been consistent and equable. The steady decline
which began when the speculators surrendered to Mr.
Boutwell has continued, and the market since has been
quite without excitement. The Treasury sale of a million
`on Monday realized 1381 to 1381, and that on Thursday
138 k to 1381 The Secretary of the Treasury estimates
that he can spare to his sinking fund all the proceeds of
the sales in June, and there are reports that he will sell
more than two millions weekly. The July interest in gold
will require over 331,000,000 of coin, but the current re-
ceipts of the Government are expected to be fully adequate
to this amount and something more. The total receipts
Customs at New York from July 1 to May 29—eleven
months of the current fiscal year—were $115,451,058 as
increase of nearly $10,000,000 over the amount for the
corresponding time in the previous year. The balance
against us on our foreign trade, account last week, after
deduction of shipments of Government Bonds, was nearly
$300,000, which will probably be met by export of speci
as soon as the rates of foreign exchange are more favour-
able. Government securities have been steady and
improving at New York, mainly in consequence of
their decided appreciation in the foreign markets. Mr.
Motley has assured London that we don't mean to
fight for the Alabama debts this summer, and her money
changers have returned to buying and selling and
speculating in American bonds with renewed zest and
confidence. The favourable statement of the national debt,
June 1, showing.a reduction of over $13,000,000 during
the month of May, also increases popular confidence in
the ability and confidence of Mr. Boutwell's administra-
tion of our finances, and of the great improvement in our
manner of doing business. The total decrease of the debt
since March 1- three months—has been over $20,000,000,
at which rate, reckoning interest, our " national blessing"
will disappear at the rate of a hundred millions annually.
Mr. Boutwell continues purchasing Five-twenties, and
his sinking fund now amounts to $3,093,295. He an-
nounces unofficially that no Three per Cent. Certificates
will be redeemed at present. The transfers of registered
January and July Five-twenties have been closed, and the
books of registry will be returned to New York by the
middle of this mouth, so that holders can have their in-
terest repaid if they wish it. The great interest of the
railway share market, this week, has centred about the
Michigan Southern and Lake Shore consolidated stock,
' on which-there has been a steady advance in anticipation
of the election at Cleveland, and consequent possession
of the road, by the Vanderbilt power. The expecta-
tions have, so far, been reaFsscl, and the election, Wed-
neslay, resulted in the choice of a board of Vander-
bilt directors and officers, thus giving the " commo-
dore" and his men sole and uninterrupted control of a
through line from New York to Chicago, by way of
Albany, Buffalo, Cleveland, and Toledo. There aro
already rumours of a further consolidation of all the com-
panies along this line, into ono matnmoth co-pora-
tion, with a liberal scrip divideud to stockholders. after
tile fashion which Vanderbilt most successfully practised
- on the Central stock last fall. The consummat:on of this
project is uncertain, but what has already been
o accom-
plishedho secures to the Vanderbilt party division
Western trade and traffic on equal terms with the Pennsyl-
vania
Road, with its Fort Wayne consolidation,vi leavingl.
the Erie to compromise, unprofitable competition, or rFc--
tion of its efforts to seeming the south-est and thed Cin-
cinnati and St. Louis business. The last alternative will
andprob
Greatably b
Western e ...
t h e on
lei n adopted, op
givested , the lease
Erie considerable
of the
considerAabtlleantic
ad-
vantage in rilrayndfosrt.sojuotshe-pwbe(smteoru.)asntodeksohuatsh
alsoern busi-
ness.been Hannibal
lexcited and ascending during the week, in consequence of
a report of a speedy liberal watering of stock. Other stocks
have been quiet and undisturbed, while rumours multiply
of an approaching end of the reign of the 't bulls," and

general decline all along the board. The business in dry'
goods is not large but steady, and prices are firmly held,
with a good tone in the market. The stock on band is no
greater than can comfortably be carried, and the feeling of
manufacturers and jobbers is friendly and conciliatory.
Each party appears satisfied to go on with the present
condition of affairs until full business shall enliven trade
and create a greater demand for goods. The Boston boot
and shoe market has been dull, with few buyers, but manu-
facturers are fairly basy on full work, for which there are
indications of a good demand. The live stock markets at
New York and Brighton have been over supplied, with a
consequent reduction in price on cattle and sheep, though
pigs and lambs are still high and in good demand.

(Front the Wall-street Toamal.)

Friday Evening, June 4, 1869.
Money on call is without any important change, the
general rate on ordinary stock coilaterals being 7 per
cent., and on Government Bonds 6 per cent. Discounts
are slow at 7 to 81 per cent. on first class acceptances.
Prices for gold to-day aro hizhor, having opened at 1371,
and dosed at 1381. At the seventh Treasury sole cf gcld
on May 31st bide were filed for $6,940,000. The highest
bid was 138.G0, and the lowest 138.03. The one million
sold was awarded as follows —sloo,ooo at 138.53, $500,000
at 138.55, and $lOO,OOO at 138.60. At the eighth sale yes-
terday, the aggregate amount of proposals for gold re-
ceived at the office of the Assistant-Treasurer was
$6,750,000, at prices ranging from 1371 to 138 321-100.
The awards wero as follow, viz.:—$150,000 at 138 23;100,
$50,000 at 138 26-100, $50,000 at 138 30-100, $50,000 at
138 28-100, $50,000 at 138 30-100, $lOO,OOO at 138 31-ICO3
and $250,000 at 138 381-100 ; in all 1,000,000.
Railroad Stocks are unsettled, and are heavily pressed
for sale, especially the :Clique Stocks. There has been,
quite a spurt in Central New Jersey and Hannibal and St.
Joseph, but the rise in neither of these stocks have been
maintained, and they have relapsed into inactivity.
Rail-
road Bonds of the better class are generally strong, but
the feeling is there are too many of a dubious sort pressed
on the market :

N. Y. Central 6s, 1883 90
N. Y. Central 6s, 1887 93
N. Y. Central 6s, R Est 86
N. Y. Central Gs, Sub'n 86
N. Y. Central 7s, 1876
N. Y. Cen. 7s, con. 76'
N. Y. Cen. 7s, '65-'76 —
Erie Ist Mort, Ex 99
Erie 7s, 2d Mort, 1879 93
Erie 7s, 3d Mort, 1883 B9
Erie 7s, 4th Mort, 1880 Bll
Erie 7s, sth Mort, 1888 74
Long Dock Bonds
13uff. N.Y. &E. Ist M, '77 B4
Hud. R. 7s, Ist M, 'o_loll
Ilud. R. 7s, 2d M, 'B5 1031
Harlem Ist M, '6B '72_100
Mich. C. Ist M, 69'72 122
Mich. new Ist M Bs, '8: 123
Mich. So., 7 p. c 2d Ms , 93
N. Ind. Goshen Line '6B
Mich.S.&N.l.S.F'd7P.c. 97
111. Cen. 7 p. c, '7O. 120
Alton & T. H. lrt M
Alton &T. 11. 2d pfd
Alton & T. H. 2d M. Inc. 77
Han.& S t.J . Lan dGrantsloB
& St. J. Con 130
Chi. B. & Q. Ist M 112
Chi. & N. West, S. F 9B
Chi. & N. W. Con Cony. 90
Chi. &N. W. Es'n B - ,
Miscellaneous Stocks are firm, with a good business
doing in Canton, Pacific Mail, and Western Union Tele-
graph :
156
N. Y. Central 1921 Fort Wayne ............ 82
Erie
Hudson
1,6
Reading
Mich. South. &N. I lls+ W. U. Telegraph ...... :91
Illinois Central
Cleveland & Pittsbig lOl Ohio and MississiPPi'" 16/
North-West
North-West Preferred 101 Cumberland ............. „u„9
Canton 664 Bankers and Brokers... i',;3
Rock Island
leveland and Toledo 1121 I M & St. Paul Preferred 89
Express Stocks are dull and neglected :
Adams
American Merchants' Union
Merchants' Union, old Stock l5 to g
United States
Wells, Fargo, and Co 34 to 31,
The following are the quotations for specie - 488
Amer. silver... 95 to 954 I Eng. sovs 486 to 386
Mex. d011ar5...1031 „ 104+ j2O francs
Eng. silver 475 , 480 Thalers .........
Five francs 95 „ 96
Foreign Exchange is firmer, although the rates sli°//
little variation :

Throe Da/18'
Sixty Days.
Londcn Bankers
Lots:. n, Prime Commercial lolBl=looB9l i-.5.131'
Paris, Bankers -
Bremen, Bankers
fiamburgh, Bankers 351-351 .....
Frankfort, O.M 39&-40?- ..... .
Berlin and Cologne
Antwerp 5.25-5.161 ......
Amsterdam, Bankers
Swiss
Government Bonds are heavy, and from the pr,'
yesterday have declined -1 to i per cent.:
Sixes, 1861, registered ll6/ to 1.7„
Sixes, 1881, coupon l2ll to LOT
Sixes, 1868, coupon
C7t
U.S. 6s. Pacific Rail' oad lO7- to 1
,q4l
Five-twenties, 1862, coupon
1 to l
Five-twenties, 1864, coupon
Five-twenties, 1865, coupon
Five-twenties, 1835, coupon, new
llk
Five-twenties, 1867, coupon .....
U.S. 5-20 Coupons, 1868
109]-, to 10v/
Ten-forties, coupon
_- to
......
Seven-thirties, '2d series
Seven-thirties, 3d series
.....
_— to
Oregon War Loan, Sixes 1881

I

Chi. & N. W. Ist M...... 951
Tol. & Wab. 2d M Ex. 83
Gt. Western 2d M 791
Mil. & Pr. du Ch. Ist M..
Gal. & Chic. E5t.......... 96,
Gal. & Chic. 2d, ......... 9°
I Chi. & R. I. Ist M ... . ..... 100 i
Chi. R. I. & Pacific 7'5.., 981
Cleve. & Tol. S. Fund...loo
N. J. Central Ist M ..... .100
N. J. Central 2d M ... ... 100
Pitts. Ft.W., & Ch. Ist 1M.105
Pitts. Ft. W., & Ch.2d M. 99
Pitts. Ft. W., & Ch. 3d Si. 96,
Cleve. & Pitts. 3d M
Chic. & Alton, S. F. Inc. 971
Chic. &Alton, S.F. lstM.lo3l-
Mil. & St. Paul Ist M... 9?,
Mil. & St. Paul 2d
Marietta & Cin. Ist M... ti
Morris & Essex Ist M...
Morris & Essex 2d M ... 9'
Joilet & Chic. Ist 31...
Chi. & Gt. East'n lstM...
N. Y. & N. H. 68 .. ...
Dubuque &S. City,lst M. 9t
Peninsula Ist M. , ...... 90
Ohio & Miss. Ist
Ohio & Miss. Con., .. . ....
Tol. P. W. Ist M. E. ....
Atlantic & G. W. 2d M•