The Sun.
London, England, 1869-06-01 00:00:00

QUOTATIONS FOR SPECIE.

Amer. silver... 951 to On i Eng. sovs 486 to 488
Mex. dollars-1031 „ 101 j2O francs 383 „ 385
Eng. silver 470 , 480 Thalers
Five francs .... 95 „ 96 f
Foreign Exchange is steely, but the demand is only
moderate :

Sixty Days. Three Days,
Lon& n Bankers
L61..d. n, Primo Commercial loBi —lO9
Paris, Bankers 5 24 5.161, 5.16}-5.13}
Bremen, Bankers
liambnixh, Bankers 34-35k
Frankfort, CLM 4O!--401
Berlin and Cologne
Antwerp 5.211--5.16-1
Amsterdam, Bankers -40 i
Swiss. -

Express Stocks are largely dealt in, but at lower prices.
We quote :
Adanis
American Merchants' Union 4Ol to 404
Merchants' Union, old Stock l5-- to 16
United States
Wells, Fargo; and Co 331 to 84
At the first purchase by the Assistant Treasurer, on
May 12, of Five-Twenty Bonds for the sinking fund, the
total amount offered was 63,110,000, which clearly shows
that either these bonds are very s.:arce or that they aro
strongly held. Tho awards were as follow :
Fish and Hatch. $680,000 1261 coup. at 115 59
Do.
Do.
Jay Cooke and Uo.
Do.
The Government 'Aught this $1,000,000 at or below
the market prices current at the time the proposals were
opened, and much .cheaper than the same amount could
.141. Fe
.been bought in the open market.
M:',4l.l.:tielereuce to the telegraph to the New York Tribune
reptoi42,* the hostile alliance against America of E.lglaud,
rratic.. 'and Spain, if concocted for stockjobbing purposes,
The Wall Street Journal remarks on it as
YollOws As this reliable cablegram did Lot 'fire the
~Ambrican. heart,' and gql.l fell three-quarters per cent.
,:yritart equal rise in U.S. Government Securities, Euro-
De44,epitalists and investors can safely continue to pur-
ctiaSe our Government, State, and Railroad Bonds, with a
certainty that they will realize a higher interest on better
security 'than can' he o!)tained from investments in
Spanish, Portuguese, Russian, or any other European
Government Securities."

Messrs. Drexel and C 0.,. Philadelphia, reports as fol-
lows:—Pennsylvania Railroad were 57 571-; Sixas, Ist
Mortgage, 991 100 ; Sixes, 21 Mortgage, 911.

(From. the Springfield Republican, May 15.)
-eotrtside influences have forced frequent changes upon
.the money market at New York during the past week, and
it has passed through frequent and varying phases, clos-
ing, however, on Thursday with a good supply of funds
at regular and moderate rates. The fluetuat'ons in the
gold market, the Government's purchase of bonds and sale
of gold, and the course of financial affairs abroad, have all
affected the market and sustained its unsettled and un-.
pleasant condition. The prevailing rates have been 6to
7 per cent., with a tendency to the lower figure, and loans.
have been male on Government security as low as 51 per
cent. The uncertainty as to the future financial policy of
the Government, upon which events throw little light,
makes capitalists cautious,- and the disposition to hold on
to money is rather stronger than usual, and stronger than
._the situalion seems to justify. The statement of the New
York banks on Saturday was very favourable, showing
a large increase in the loins, and also in the reserve, evhieli
now amounts to several millions over the legal* limit.
Specie has been received front abroad, and gold has been
disbursed' by the Treasury Department in payment of the
May interest, briuging up the total of coin, which the
banks now held, to over $16,000,000, or ne.trly doubling
its aliment in one week. The • sensation reports of an
Anglo-French-Spanish alliance against the United States
have been unable to produce any effect in the money mar-
ket either at New York or Boston, and its tone is firm and
vigorous.. In the West there is only a moderate demand
for money, and it is readily met by the local bankers. The
course of business has been somewhat disturbed by the
celebration of the Pacific Railroad's completion, and the
trade of the week has been lighter than usual. Grain'
dealers are now the chief borrowers of money, and they
get all they want at 10 to 12 per cent. The United States
Securities continue to bring high prices, and a ready sale.
In the face of the warlike hoaxes from London, and the
advance of rates by the Bank of England, the Five-Twen-
ties have gone up both in that market and at Frankfort,
and, of course, have simultaneously appreciated in value
at New York. The purchase of bonds by the Govern-
ment creates an expectation, which is doubtless well
tgrounded, that there will sometime be a scarcity of
these favourite securities and a still greater advance
in their price. The first purchase of bonds by the
assistant treasurer at Now York, occurred on Wed-
nesday, and the whole million were taken of Fisk
aud Hatch and Jay Cooke and Co., who offered to
supply them at the market rats for the day. Only
$3,400,000 were offered, and the bids which were rejected
Were all above the market price. Secretary Boutwell's
purchase of these securities is variously criticised by papers
of all parties and sections of the country, but the general
opinion of the press and public is undoubtedly and un-
qualifiedly one of approval. Whether the Secretary re-
vives the long neglected Sinking. Fund Act, or simply
holds the bonds in the Treasury, it is certain that trheinlGo-
vernment saves the interest on thorn, and to anndodasookin•yg
man, possessed of honesty and common se
Boutwell ,well would
seem at once wise, expedient, e,
to pay up his debts, the
P°licyrid reason ofrelalr. • ble. The New
York Eeening Post objeets both to tho puarchase of bonds
or the establishment of a sinking fund, and urges Mr.
Boutwell, if lie
in the Treasury, to expend it in redemption of the Three
. per. Cent. Certificates of deposit. The Post takes excep-
tions to the purchase of bonds by the Secretary with a
continguency of future sale, because it makes the Govern-
ment a speculator in its own bonds, and almost certainly
But Mr. Boutwell has no yet said that he
asltioaulldossell again the boucle which he is now buying,
nor 's there• any probability that he will, unless he can
do so at an advantage. The diminution of the amount
of bonds in the market will undoubtedly enhance aud
permanently sustain their value sufficiently to stand
all- the Government would ever put on the market.
The receipts from the annual income tax, which is
being paid W 11319114% Will swell the Aggregat, menu ictr

May to an unusually large amount, and after subtracting
the twenty-five millions of gold interest, paid, there will
still be left a handsome surplus for the reduction of the
debt. Whatever criticisms may be made on Mr. Bout-
well's policy in finances there is no doubt that the results
of his Administration thus far have been most satisfactory
and creditable. The gold market has met with no deci-
sive event, but continues to maintain its prices firmly.
The general expectation, that something may turn up iu
the shape of a brush with Spain, England, France, or some
other second-rate power, undoubtedly sustains the hopes
of the speculators, but they have just now all they care
to attend to to carry the weekly sales of a million by the
Government and the disbursements of the May interest.
The purchase aud the appreciation of Five-twenties also
exerts a contrary influence on gold, and there s ems no
apparent reason why the price should not henceforth re-
cede.Jt is, however, of no great consequence whether it
dies or Do', for with the firm and steady tone in the mo-
ney and Government markets gold assumes a place of
secondary importance. The export demand for specie is
small, and the steamer Westphalia landed $153,000 at New
York on Tuesday. Imports and the dernaml for dukes
continue large, and will help to hap up the premium
The exports of specie from New York since Janu try have
been only 5t1,340,341, against V5,819,90:1 for the corres-
ponding time last year, while the imports of dry goods
have been 5';31,607,677, against 62;1,007,860 for last year.
The chief event of the New York ttuck market has been
the consolidation of the old New York stock exchange,
established nearly 60 years ago, and the open board of.
brokers, or,;anized 1863, and the election of the following
officers for the ensiling year:—President, W. 11. Neilson;
Vice Presidents, M. A. Wheelock and B. 0. Whits; trea-
surer, D. C. Hays; and secretary, G. IL Broadhead. Tito
regular call will be confined to bank shares, stock bond:,
and railway and other securities which are not spccula-,
tive, while the speculative stocks will be dealt in contiuu-
ously in the " long room." It was at first contemplated to
consolidate the Government board with the stock ex-
change, but after a short trial the plan was abandoned,
and that board put back to its old room with three daily
calls as before. The railway share market has been active
and firm, and prices have generally advanced. The
"Vanderbilt roads" have been fluctuating, and in New
Yerk Central the rise and fall has reached 8 per cent. in
single day. The consolidation of the Central and Hudson

River roads is rtuuoured, on a capital of $100,000,000. The
united capital of the two roads is now $43,00,000, and it is

to be watered up to the limit, on which Vanderbilt says
that it can easily earn 10 per cent. Another rumoured
consolidation is that of the garlem, Lebanon Springs, and
Bennington and Rutland Roads, with a joiut capital of
$25,000,000. The Lake Shore and Michigan Southern
consolidation has boon effected, and the officers of the
new corporation will be elected, at Cleveland in June.
The capital of the two roads is now $33,000,000, but this
will probably be jucreased io $50,000,000, and some of it
distributed in the shape of a scrip dividend. A large scrip
dividend on the stock of the Pittsburg, Fort Wayne, and
Chicago Road is also repotted in prospect, and future con-
solidation with tho Pennsylvania Central on the enlarged
capital, or a perpetual lease of the latter company on &
guarantee of ten per cent. dividends. The stock of the
Chicago and North Western Road has advanced rapidly,
in consequence of the completion of the Pacific Road, and
its opening to freight and passsonger traffic. Tho dry
goods market has not materially changed during the week'
but prices continuo dull and heavy in domestic goods, and
unsettled in foreign, in consequence of the fluctuations of
gold. Cotton has been firmer in all the Southern markets,
and more business is done, both for export an I col3t-
wise trade. The reports of injury to the growing crops
by frost and flood lack confirmation, and later advices
from the interior are of a more encouraging character.
Wheat and flour are duller and prices have declined, under
a slackened foreign demand, and delay for receipts by the
canals, which will be due at tidewater in a few days. The
stock now at market is not large, and no great am mut
will be carried over to meet the new crop. Unusually
warm weather and unusually largo receipts have do-
pressed the prices of cattle at Brighton 25c. to 50c. Per
hundred.

An excellent story is told of the late Secretary of
the United States Navy. The Hon, Gideon Wells had
hold that post for eight years when he was supplanted by
Mr. Berle., on the inauguration of President Grant. ll,'
had then to transport his things from Washington to 10
home at Hartford, and the plunder was found to have '°
acermulated in this long period that the franking privi-
lege being out of the question, he took a Government ves-
sel for the purpose. She drew eleven feet of water, 811'
on arriving at the Connecticut River, he found that thn,se
drawing over six feet could not cross the Saybrook-1)"r'
After spending days on the coast, she put into Now Lon-
doe, whence his goods were forwarded home, at just douleo
the cost their transport would have been direct iron'
Washington. The punishment befalling a Secretary thin
long in office, and during so eventful a period, for being's°
ignorant on these points as to dispatch a steamer on Sven,
a useless errand, is a little chuckled over by "Uncle Seat
whose vessel was so unwarrantaWy employed.
BUDGET OF MISCELLANEOUS 1TE348. —lt is stated
that in New York and neighbouring cities there exist ns'f
a dozen German-American private schools, with several,
thousand pupils. -Chief Justice Chase, in an opinion re-
cently delivered at Richmond, recognized the constita-
tiontdity of the division of Virginia into two States. TII°
Wall-street Journal says the next operation of Yankee en-
terprise will be the Oceanic Telegraph, from California t°
Japan and China!—Thu Senate of Massachusetts has
passed a bill for the annexation of Dorchester to Boston
.--
The emigration from Canada still continues.—On M°l/:
clas-, May 10, a train of 17 cars passed through St. 'll'l
bans, crowded with French Canadians who intend t°
settle in the States. -The Great Peace Jubilee in Boston,
commencing ou the 15th of next month, will cemPrVo
30,000 spectators, from 10,000 to 2°,000 singers, and ,
musicians, in a building erected for the occasion, cello
the Coloseum.—Advices were received by the Western
Union Telegraph Company New York, from all direc-
tions, that the transmission of messages on the Weste,r„n
lines was interrupted by the aurora borealis during t`ivi
recent brilliant display.—A lecture was recently deliveret'.
at Newhaveu on " Woman the Coming Man."—The F 0
office Department, Washington, has been informed 013', ;
thorough line of mails has already been established on tar
Pacific Railroad. - A settlement of Swiss is forming pea
Goldsborough, North Carolina.
LITERARY ITEMS. —Mr. Pollard's Richmond paper'
Southern Opinion, has died. The "Lost Cause" seen's, t
be losing its place in the hearts of the people, who fill' *s
more profitable and sensible to attend to their busines.]
and look after the moral and material welfare of theii.
families. Mr. Pollard deplores the want of patriotio",
,
which allows the earnest advocate of the e Lost Cattle,
thus to droop and die; but we confess that we caeCattle,,
gret it, while admiring the ability and persistency Nits
which ho has upheld his convictions. The Sun announced
that a son of Secretary Seward, Frederick W. Sen'°:rbe;
late Assistant Secretary of State, has purchased ;
interest of Mr. Thurlow Weed in the Commercial f
rertiser, and will take the editorial management °5,
it. Mr. Seward has bought an elegant cean
vll
seat at Irvington, on the Hudson, where he
take up his residence, while Mr. Weed has retiret
.
into central New York where his star first rose to sigh
Secretary Seward also has gone into retirement at Aebncs'
and though strongly pressed to improve his leisure by
f
writing the records of his tiele, and a political }lista)" c).,,f
the State of New York, has decidedly refused a publi6llei
liberal inducernents.—The Rural Gentleman is the title °
a new agricultural monthly, published by J. B. liublas°la
and Co., at Baltimore, d(
„opettenl
[ADVERTISEMENT.] Dyspepsia (Indigestion), Con.
Debility, Consumption, and all nervons, bilious, stonine',..olo-
- complaints in every stage, are only aggravated and,
rated by drugs of every description, but perfectly curablev©d by
Barry's health-restoring Revalenta Ambles. Food, as pro' eh
thousands of eases which had bean considered hopeless, Isiote,
—cough, asthma, also diarrhcea, haemorrhoids, liver conV who-
, flatulency, nervousness. biliousness, fevers, sore throats, Irma-
' ria. catarrhs, colds, influenza, noises in the head and oo?.•
madam, gout, impurities, eruptions, hysteria, neuralgitoeite,
bility, isleeplessners, acidity, palpitation, heartburn. he:vett in
tig
debility, dropsy, cramps, spasms, nausea, and sickness, ,uhioess
pregnancy or at sea, sinking fits, bronchitis, scrofula, „, thC
of the chest, pains at the pit of the stomach and bctivt'e;rol
by
shoulders, Sc. We quote a few:—The Pope's health re 5,66-313°
Du Barry's Food. Cure No. 63,413—" Home, July 12, 1514,0'41;
health of the Holy Father is excellent, especially aloof, to
ing other remedies, he has confined himself entire .7. Tote:
Barry's Revalenta Arabic&
haspood, of which he consuni,Wgelsl
fail at every meal. It produced a surprisinglY. "ocellent
effect on his health, and his Holiness cannot praise this „, cure
food too highly.—From the "Gazette du Midi," JulY '-%?;rintleY,
No. 46,270 —Mr. James Roberts, timber merchant. ofici`od, evert
Surrey, of thirty years' diseased lungs, spitting of tcrd
derangement, and partial deafness. Cure No. 1,771—', dyseep
s!*
do Decies, Lord-Lieut. of Waterford, of many Yew's despePs"
No. 49,832—" Fifty years' indescribable agony from
nervousness, asthma, cough, constipation, flatulcnc,...uFtrov.o--3
sickness, and vomiting.—Maria Joly." Important ‘etatio
Beware of the many unsavoury and more than slopPY oda
to which. without authority, Baron Liebig's namel.ll
tyros,cious tach 12 Ms "B ;
In ,at is ild; Ilb 2s Od; 2lba 4s 6d 511 as ils „.0/,06
21 lbs 90s. —Also Du BARRY'S BEVALENTA ARADIEA "; • CUP'
553
POWDER is packed in tin canistersl2 cups at Vs,
at 3s 61, for 48 cups at 6s, for2BB cups at 30s, for 576.0%:0reer.
sent
—Using about one penny per cup. The 30s and 558 tw'
free of: carriage in England on receipt of Post-011100n ; 4
BARRY Do BARRY and Co., No. 77, Regent-street, Lou
all Grocers and Chemists. r.

BIRTITA. .10 Of
CHATFIELD -On the 29th ult., at Brighton, the 01
Captain A. J. Chatfield, RN., of a daughter. of ii
CH 'the 28th ult., Viscountess
CHELSEA—On Chelsea',
son.

LLoyn MARRIAGES. lin
sccond daughter of Georg© IV. Rid),
On the 27th ult , Aounslow, T. Frant
M.R.C.S.E ,of 44, 'Finsbury-circus, to Emily,
House, Hounslow. B. Woods,
WOODS —Picxxiti) —At Plymouth, Lieut. H.
to Al, • d L' t 1 ncl Picard,.
me, daughter of am o o
11.11. Esq., of Aldwick

. .0 EATEIS.
BRooxEs On the 2Sth nit , at ifounslor, John Yor.cl:
HUNTER. -
Brookes, Esq., aged 86. .
Ou the 26th ult . at Wes'bourne-park, John
Hunter, Esq., formerly of "the Queen's Buy •' aged 86.
YORK— 0 n tho 28th ult., Mr. John York, a 1, Ifoney-lane
market, Chaapside, aged 73.

London Printed and Published by WILLIAM ANDREWS 2
of No. 112, Strand, Printer, at THE SUN Office, No,
Strand,
in. the Precinct of ale Sawn hi the comity of .31icidl"x
TundaTt AMC 1, 156%