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

.11EVERDY JOHNSON ON ENGLANDc

Astonishing to learn, the New York press nas not
thought even Mr. Reverdy Johnson's opinions unworthy
of notice. A representative of the New York Times 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 and 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 supvly of fends and
low rates of interest; 6 to GI per cent. have been the rul-
ing figures at New York and Boston, and there is little
activity in the market, except that caused by the usual
changing of deposits on the first of the month. The in-
flated and highly speculative condition of the stock 'Ler-
kat, and the coutinuelly expending strength of the Vert-
derbilt interest, ere, however, producing considerable
caution and circumspection among the capitalists, and and
unexpected alarm in thrt 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 o.ber 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 the 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 marketeince has been
quiz() without excitement. The Treasury sale of a million
on Monday realized 138} to 1381, and that on Thursday
1384 to 138 i.• The Secretary of the Treasury estimates
that ho 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 $31,000,000 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
$309,000, 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 consolldated 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 realised, 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 are
already rumours of a further consolidation of all the com-
panies along this line, into ono mammoth` corpora-
tion, with a liberal scrip dividend to stockholders. after
the fashion which Vanderbilt most successfully practised
on the Central stock last fall. The consummation of this
project is uncertain, but what has already
been accon-
plished secures to the Vanderbilt party division of thet
Western trade and traffic on equal terms with the Pennsyl-
vania Road, with its Fort Wayne consolidation, leavingthe Erie to compromise, unprofitable comp.-A I ion, or re.
ti
cjoiantmotfi itsau edffsotr.eLs
Louis
seisbouusriinneg thess south-west
Thesou
last-" atltseerndattle
iivoCwinil;
l.eieasecoonfstildieerAabtlleantic
apnrodbGa brleya
tb‘evthe
este
rounlei
ne
gives adopted,
athsethEe
ad-
vantage in rivalry for south-western and southern busi-
ness. Hannibal and St. Joseph (Mo.) stock has also been
excited 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 "bulls," and

tr ......

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 hand is no
greater than can comfortably be carried, and the feeling of
manufacturers and jobbers is friendly and conciliatory.
Each party appears satisfi(pd 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 shoo market has been dull, with few buyers, but manu-
facturers are fairly busy 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.

(From the Wall-street Journal.)
Friday Evening, June 4, 130..

Money on call is without any important change, the_
general rate on ordinary stock collaterals 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 are hizher, having opened at 1371,
and closed at 1382. At the seventh Treasury sole cf gcld
on May 31st bids were filed for $6,940,000. The highest
bid was 138.60, and the lowest 138.05. 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-Treasur, r was
$6,750,000, at prices ranging from 137 i to 138 321-100.
The awards were as follow, viz.: —5150,000 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 116
N. Y. Central Os, Sub'n
N. Y. Central 7s, 1876 --
N. Y. Ceti. 7s, con. 76 —
N. Y. Cen. 7s, '65-'76 —
Erie Ist Mort, Ex 99
Erie 75, 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
Buff. N.Y. &E. Ist M,'77 B4
Hud. 14 7s, Ist M,
fled. R. 7s, 2d M, 'B5 103/
Harlem Ist M, '6B '72 100
Mich. C. Ist M, 69'72 122
Mich. new Ist M Bs, 'B2 123
Mich. So., 7 p. c. 2d M 93
N. Ind. Goshen Line '6B
3dich.S.&N.l.S.F'd7p.c. 97
111. Cen. 7 p. c, '7O 120
Alton & T. IL Ist M 93
Alton &T.H. 2d pfd 83
Alton & T. H. 2d M. Inc. 77
Han.& S t.J LandGrantsloB
Han. & St. J. Con 130
Chi. B. ,sa,Q., Ist M 112
Chi. & NVest, S. F 9B
Chi. & N. W. Con Cony 9O
Chi. & N. W. Ex'n B --
Miscellaneous Stocks are
doing in Canton, Pacific Ma.
graph :

& N. W. Ist M 951
Tol. & Wab. 2d 31 Ex 83
Gt. Western 2d M '93 79}
MiL & Pr. du Ch. Ist 31
Gal. & Chic. Ext. 96
Gal. & Chic. 2d M 96
Chi. & R. I. Ist M 100}
Chi. R. I. & Pacific 7's 9Bl
Cleve. & Tol. S. Fund 100
N. J. Central Ist M 100
N. J. Central 2d M 100
Pitts. F & Cb . Ist M 105
Pitts. Ft. W., & Ch. 2,1 M 99
Pi tts. Ft. W., & Ch. 3d M 96
Cleve. & Pitts. 3d M 95
Chic. & Alton, S. F. Inc. 974
Chic. & Alton, S.F. lstM.lo3l
Mil. & St. Paul Ist 31 95
Mil. & St. Paul 2d M B3
Marietta & Cin. Ist M._ 87
Morris & Essex Ist M 991
Morris & Essex 2d 31 95
Joilet & Chic. Ist 31 —
Chi. & Gt. East'n lst3l —
N. Y. & N. H. 6s
Dubuque &S. City,lst M 92
Peninsula Ist 31 95
Ohio & Miss. Ist 31
Ohio & Miss. Con
Tol. P. W. Ist M. E. D Bs'
Atlantic & G. W. 2d 31

firm, with a good businqs
il, and Western Union Tel -

pFacierittileVmayan
Mail
..85621
Atlantic Mail
Q ilvWu.icUk.sTeleergraph
Mariposa Preferred_ .4„9,1
Ohio and Mississippi ;:it
Boston Water Power
Ciimberland
Bankers and Brokers 192
M & St. Paul
& St. Paul Prefo red tivil

N. Y. Central 1921
Erie 29
Hudson
Reading
Mich. South. &N. I ll4
Illinois Central
Cleveland & Pittsbrg lOl
North-West
North-West Preferred •101 •
Canton C6i
Rock I-laud
Jleveland and Toledo 1121 I
Express Stocks are dull and neglected :
A dams
American Merckants' Union
Merchants' Union, old Stock
United States •
Wells, Fargo, and Co
The following aro the quotations for specie :
Amer. silver... 95 to 951 I Eng. sovs 486 to 488.
~
Mes. dollars...lo3_l „ 1041 f2O francs .381 77. 3,..t7,1
Eng. silver 470 , 480 I Thalers
Five francs .... 95 „ 96
Foreign Exchange is firmer, although the rates shoes
little variation :

59% to 591
.. 39i to 39i
15 to I'l
66; to 67
~ 311 to 312-

- Sixty Days.
Londcn Bankers
Lou:, n, Prime Commercial 10149:10089f ...... .
r. 501 Paris, Bankers - 5.25 - 5.164 5.1.64. '
Bremen, Bankers
Harnburgh, Bankers ......
Frankfort, OM 35-351
39i-401 ......
Berlin and Cologne
Antwerp 5.25-5.161 ......
Amsterdam, Bankers
Swiss - ......
T101197--° D 1175.
Government Bonds are heavy, and from the prices of
yesterday have declined -a- to } per cent.:
Sixes, 1861, registered
Sixes, 1881, coupon l2ll to 1211
Sixes, 1868, coupon .
IRS. Es. Pacific Railload lO7l to 1(7.1.
Five-twenties, 1862, coupon
Five-twenties, 1864, coupon . ll7 to 117 k
Five-twenties, 1865, coupon
Five-twenties, 1835, coupon, new
• Five-twenties, 1867, coupon
U.S. 5-20 Coupons, 1868 ll9l to lin
Teu-forties, coupon lo9k to:4091
Seven-thirties, 2d series
Seven-thirties, 3d series
• Oregon War Loan, Sixes, 1881

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