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

MONEY .IND BUSINESS.

(From the Walt-street Journal.)
Friday Evening, May 14, 1869.
Money on call continues to grow easier, and is readily
obtained at 6 t 0.7 per cent. on Stocks and at 6 per cent. on
Governments. Discounts ar3 free, and we quote first-
class acceptances at 7 to 9 par cent. with the largest
proportion at 8 per cent. Gold has been strong to-day,
having opened at 1381, thence rising to 1381 and closing
at 1381. At the third sale of gold yesterday, by the Secre-
tary of the Treasury, the bids amounted to $2,050,000, at
from 138.01 to 138.41. The whole award, $1,000,000, was
nytde to llenry Clews and Co., at 138.41. Government
Bonds are very firm, and have advanced• to-day to per
cent. on the entire list, the tendency being to higher
prices:—

Sixes, 18131, registered
Sixes, 1881, coupon l2Ol to 121
--
S'xes, 1868, coupon
61- U.S. 6s. Priciiic Itaihoad IOI to 11(4
Five-t wenties, 1862, coupon
Fi ve-tw,,nt les, 1,481, coupon
F:ve-t wenties, 1865, coop, in
1 Five-twenties, 1F2,15, coupon, new
Five-t wenties, 1867, coupon ...
8), U.S. 5-20 Coupons, 1868
'J -
Ten-forties, coupon IO to 1001-
Seven-thirties, 2d series - to
Seven-this ties, 8d series
Oregon War Loan, 1

to

Railroad Bonds ara general
the Pacific Railroad haviti it
bond.; of both the Ceutrzd
Companies the first• name 1
991, and the latter at 92i. T
roads have been iutrodneei
market does not take kindly 1
N. Y. Central 6s, 1883... 90
N. Y. Central 6s, 1887... 93
N. Y. Central 6s, It Est.. 85
N. Y. Central 6s, Suh'n.. 85
N. Y. Central 7s, 1876... --

fly active, tho comph•tiou of
riPreas:9l the demand for the
and Union Pacific Rail!-oad
are to-day quoted at 991 to
he bonds of several new rail-
this week, but generally the
to them :
C!.d. & N. W. Ist M 9ll
Tot. & Wab. 2d M Ex B2l
Gt. Western 2d M 79i
Mil. & Pr. du Ch. Ist M —
Gal. & Chic. Ext

N. Y. Cen. 7s, con. 7G

Gal. & Chic. 2d M 95

N. Y. Cen. 7 s, '65-'76
Erie Ist Mort., Ex 100
Erie 7s, 2d Mort, 1879 91.
Erie 7s, 3d Mort, 1883 89
Erie 7s, 4th Mort,lBBo 89
Erie 7s, sth Mort, 1888 76
Long Dock Bonds
Buff. N.Y. & E. Ist M,'77 B9
Hut. B. 7s, Ist M, '69 102
Hud. 11.75, 3d M, '75
Harlem Ist M, '6B '72 9B
Midi. C. Ist M, 69'72 118
Mich. now Ist Ii Bs, 'B2 120
Mich. So., 7 p. c. 2d M 94
N. Ind. Goshen Line '6B —1
Mich.S.&N.l.S.F'd7p.c. 98
111. Cen. p. e, '7O
Alton & T. H. Ist M 93
Alton & T. 11. '2d pfd
Alton & T. H. 2d M. Inc BO
Han.& S t.J LsndGrants
Ran. & St. J. Con
Chi. B. & Q., Ist M 112
Chi. & N. West, S. F 95
Chi. & N. W. Con Cony 96}
CIP6.& N. W. Ex'n B —

Chi. & 11. I. Ist M 100
Chi. H. I. & Pacifiers 98
Cleve. & Tol.
N. J. Central Ist M 9B
N J. Central,2d M 99
Pitts. Ft.W., & Cb. Ist M 105
Pitts. Ft. W., & Ch: 2d M 991
Pitts. Ft. W., &Ch.3d M 94
Cleve. & Pitts. 3d M
& Alton, S:-F. Inc. 91
Chic. & Alton, S. F. lstM.lol
Mil. & St. Piul Ist M 921
Mil. & St. Paul 23 M B3
Marietta & On. Ist M B7
Morris & Essex Ist 11 97
Morris & Essex 2d Al 92
Joliet & Chic. Ist M -
Chi. & Gt. East'n
N. Y. &N. 11. 65...... 94
Dubuque &S.City,lst M. 911
Peninsula Ist M B9l
Ohio & Miss. Ist M 9l
Ohio & Miss. Con B6
Tol. P. W. Ist M. E. D B7
Atlantic & G. W. 2d M.

Railroad Stocks are generally tame, With a general de-
cline to-day of 1 t o 1 per cent., the most active Stocks
having been Michigan Southern, North-west Preferred
and Common, Fort Wayne, and St. Paul.
N. Y. Central lBll Fort Wayne
Erie
Hudson ... 1561 Atlantic Mail
Reading
Mich. South. Sr N. 1.... 106 k W. U. Telegraph
Illinois Central ' 1451 Mariposa Preferred .... 4t,1
Cleveland & Pit tsbrg 921 Ohio and Mississippi... 331
North-West
North-West Preferred 1031 Cumberland
Canton... 6l Bankers and Brokers lOO
Rock Island
Dleveland and Toledo 1061 IM & St. Paul Preferred 871
Miscellaneous Stocks show much activity, particularly
Pacific Mail and Union Telegraph.
QUOTATIONS FOR SPECIE.
-- - - ---

-- -
Amer. silver... 951 to 951' Eng. sovs 486 to 488
Mex. dollars...lo3i „ 104 j2O francs 383 „ 385
Eng. silver 475 , 480 I Thalers
Five francs .... 95 „ 96
Foreign Exchange is steady, but the demand is only
moderate :

Sixty Days. Three Days
lion& n Bankers
L6Le.. n, Prime Commercial lOBl —lO9
Paris., Bankers 5 2l- - 5.1_51- 5.161-5.131
Bremen, Bankers.
- - ,t - - 3;'. 35i

Harnburgh, Bankers ,s'i—
Frankfort, O.M 4o}-401
Berlin and Cologno
Antwerp 5.`21;-5.16;
Amsterdam, Bankers
Swiss

Express Stocks are largely dealt in, but at lower prices.
We quote :
-

Adams
American Mere!tants' Union
Merchants' Union, old Stock ls+ to 16
United States
Wells, Fargo, and Co 33-1 to 34
At the first purchase by the Assistant Treasurer, on
May 12, of Five-Twenty Bonds for the sinking fund, the
total amount offered was 83,410,000, which clearly shows
that -either these bonds are very s,ar,e, or that they are
strongly held. The awards were as follow :
Fish and Hatch $600,000 IF6I coup. at 115 51
Do.
Do.
Jay Cooke and Co.
Do. 75,000 1864 coup. at 115 53

The Government bought this $1,009,000 at' or below
the truirket Prices current at the time the proposals wore
opened, and much cheaper than the same amount could
have been bought in the open market.
With reference to the telegraph to the New York Tri6une
reporting the hostile alliance against America of England,
France, and Spain, if concocted for stoekjobbing purposes,
was a failure. The IVall Street Journal remarks on it as
follows —" As this reliable cablegram did not fire the
American heart,' and geld fell three-quarters per cent.
with an equal rise in U.S. Government Securities, Euro.
pean capitalists and investors can safely continue to pur-
chase our Government, state, and Railroad Bonds, with a
certainty that they will realize a higher interest on better
security than can be olatained from investments in
Spanish, Portuguese, Russia; or any other European
Government Securities."

Messrs. Drexel and Co., Philadelphia, reports as fol.
lows :—Pennsylvania Railroad were 571- 571 ; Sixes, Ist
Mortgage, 991 100 ; Sixes, 2d Mortgage, 941.

(From the Springfield Republican, 1114 15.)
Outside influences have forced frequent changes upon
the money market at New York during the past week, and
it has passed theough frequent and varying phases, clos-
ing, however, on Thursday with a good supply of funds
at regular and moderete rates. The fluctuations 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 5} 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 situation seems to justify. The statemeut of the New
ork banks on Saturday was verifevourable, showing
a large increase iu the lotus, and also in the reserve, which
now amounts to several millions. over the legal limit.
Specie has been received from abroad, and gold has been
disbursed by the Treasury Department in payment of the
May interest, 'bringing up the total of coin, which the
banks now hold, to over $16,000,000, or nearly doubling
its amount 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 moderato demand
for money, and it is readily met by the local bankers. The
course of business has been somewhat disturbed by the
celebreti-m of the Pacific Railroad's completion, and the
•
trade. of the week has" lighter than usual. Grain -
dealers are now the chief borrowers of money, and they
get all th,y 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 B ink of Englund, the Five-Twen-
ties have gene 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 expectetion, which is doubtless well
grounded,. 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 New York, occurred on Wed-
nesday, and the whole million were taken of Fisk
and 'latch and Jay Cooke and Co., who offered to
supply them at the market rates for the day. Only
$3,400,000 were offered, and the bide 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 ono 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 the. Go-
vernment saves the interest on them, and to an ordinary
man,. possessed of honesty and common sense,
and
would •
to pay up his debts, the policy of Mr. Boutwell
seem at once wise, expediente.and reasonable. Theileza
York &ening Post objects both to the purchase of bonds
or the establishment of a sinking fund, and urges Mr.
Boutwell, if he must do anything with the surplus coin
in the Treasury, to expend it in redemption of the Three
I per Cent. Certificates of deposit. The Post takes excep-
tions to the purchase of bends by h
continguency of future sale, becausetite Secretary with a
makes the Govern-
ment a speculator in its own bonds,and almost certainly
at a loss. But Mr. Boutwell has no- yet said that he
should sell again the bonds, which he is now buying,
is there any probability that he- will, unless he can
1101. The diminution of- the amount
do so at an advantage.
of bonds in the market will undoubtedly enhance and
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 this m9stli will owyll the aggregate mom Ictr

May to an unusually large amount, and after subtracting
the twenty-five millions of gold interest, paid, thet'e 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 in
the shape of a brush with Spain, England, Franco, or squie
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 a.ad the appreciation of Five-twenties also
exerts a cont-ary influence on gold, and there s ems no
apparent reason why the price should not henceforth re-
cede. It is, however, of no great consequence whether it
does or not, for with the firm and steady tone in the mo-
ney and Government tnarkes gold as.-tunes a p'ace •of
secondary importance. '1 he export dtinand for specie is
small, and the stainer Westphalia landed 8153,0011 at New
York on Tu:•sday. Imports and the demna- d for duties
continue Lirge, aid will help to keep up the pr,-mium
The exports of specie from New York since Lim .ry have
been only 611,310,341, against 8.13,819,903 for the corres-
ponding time last year, while the imports of dry goods
have b.,en $39,607,677, against $29,007,860 for last year.
The chief event of the New York :•tock market has been
the consolidation of the old New York stock exchange,
established nearly 60 years ago, and the open board of
brokers, or,;itnized 18133, and the election of the following
officers for the ensuing year:—President, 11. Neilson;
Vice Presidents,- M. A. Wheelock. and B. 0. White ; trea-
surer, D. C. Hays; and secretary, G. H. Broadhead. The
regular call will be confined to bank shares, stock bonds,
and railway and other securities which are not specula-
tive, while the speculative stocks will be dealt in continu-
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

" Vandettilt roads" have been fluctuating, and in New
York Central the rise and fall hac reached 8 per cent. in
single day. The consolidation of the Central and Illudson

River roads is rumoured, on a capital of $100,000,000.. Ths
united capital of the two roads is now 883,00,4000, and it is
to be watered up to the limit, on which Vanderbilt sap
that it can easily earn 10 per cent. Another rumoured
consolidation is that of the Harlem, Lebanon Springs, and
Bennington and Rutland Roads, with a joint capital of
$25,000,000. The Lake Shore and Michigan Southern
consolidation has been effacted, and the officers of the
new corporation will be elected at Cleve'aid iu June•
The capital of the two roads is now $33,000,000, but this
will probably be increased 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 reported in prospect, and future con"
solidation with the 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 Riad has advanced rapidly,
in consequence of the completion of the Pacific Road, and
its opening to freight and passsenger traffic. The dr/
goods market has not materially changed during the week,
but prices continue dull and heavy in domestic goods, and
unsettled iu 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 and coast-
wise trade. The reports of injury to the growing crops
by frost and flood lack confirmation, and later adviene
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. TllO
stock now at market is not large, and no-great amount
will be carried over to meet the new crop. Unusuall9
warm weather and unusually large receipts have de-
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. Tho Hon, Gickon Wells bad
held that post for eight years when he was supplanted 131
Mr. Boric, on the inauguration of President Grunt. Ile
had then to transport his things from Washington to ble
home at Hartford, awl the plunder was found to have 0
accumulated in this long period that the franking print'
lege being out of the question, he took a Government ves",
sel for the purpose. She drew eleven feet of water, tine
on arriving at the Connecticut River, he found that those
drawing over six feet could not cross the Saybrook-bar'
After spending days on the coast, she put into Now Lou-
don, whence his goods were forwarded home, at just double
the cost their transport would have been direct from
Washington. The punishment befalling a Secretary tlies
long in office, and during so eventful a period, for being 5.°
ignorant on these points as to dispatch a steamer on sueD,l,
a useless errand, is a little chuckled over by "UncleSulA
whose vessel was so unwarrantably employee.
BUDGET OF MISCELLANEOUS IFF 313.—U is stated
that in New York and neighbouring cities there exist e'r"f
a dozen German-American private schools, with several
thousand pupils.-Chief Justice Chase, in an opinion re-
cently delivered at Richmond, recognized the constitu-
tionality of the division of Virginia into two States. Vat
Nall-street Journal says the next operation of Yankee ew
terprise will he the Oceanic Telegraph, from California t°
Japan and China!—Tho Senate of Massachusetts bee
passed a bill for the ann.xation of Dorchester to afs'un."
The emigration from Canada still continues.—On goll'
d .y, May 10, a train of 17 cars passel through St. A
bans, crowded with French Canadians who intend Le
settle in the States. -The Great Peace Jubilee in Bosto°l
commencing on the 15th of next month, will comPril
30,000 spectators, from 10,000 to 20,000 singers, and I,Cl°,
musicians, in a building erected for the occasion, called
the Coloseum.—Advices were received by the Wester°
Union Telegraph Company New York, from all dire'
tions, that the transmission of messages on the \Vete!!
lines was interrupted by the aurora borealis during t",
recent brilliant display.—A lecture was recently delivered
at Newhaven on " Woman the Coming Man."—The 1)05',
office Department, Washington, has been informed that e
thorough line of mails has already beau established on rho
Pacific Railroad. -A settlement of Swiss is forming neat
Goldsborough, North Carolina.
LITERARY ITEMS.—Mr. Pollard's Richmond paPer:o
Southern Opinion, has died. The "Lost Cause" seems 3
be losing its place in the hearts of the people, who find i
more profitable and sensible t) attend to their busineee ,
and look after the moral and material welfare of their
families. Mr. Pollard deplores the want of patriotisn",
which allows the earnest advocat the "Lost Cause
thus to droop and die; but we conies *hat we cannot ll
. te-
e,d
gret it, while admiring the ability au persistency cannot
5
which he has upheld his convictions. The Sun anuoul,
that a son of Secretary Seward, Frederick W. Sove,.,
Commercial
Assistant Secretary of State, has purchased t',
interest of Mr. Thurlow Weed in the Comerciai .4d f
vertiser, and will take the editorial management °
it. Mr. Seward has bought an elegant countriii
seat at Irvington, on the Hudson, where he `all
take up his residence, while Mr. Weed has retired
into central Now York where his star first rose to sight.
Secretary Seward also has gone into retirement at Aubure'
and though strongly pressed to improve his leisure ll
writing the records of his time, and a. political history°f4
the State of New York, has decidedly refused a
liberal in lucetnents.—The Rural Gentleman is the title ea
a now agricultural monthly, published by J. B. Enbins°
and Co., at Baltimore, Maryland.
I oiI[ADVERTISEMENT.]—Dyspepsia (Indigestion), Coned'," oil
Debility, Consumption, and all nervous' bilious, stomac' 'le-
liver complaints iu every stage, are only'aggravated and accovo
rated by drugs of every description, but perfectly curable 1)3:1 1)9
Barry's health-restoring Revalenta Arabica Food, as prace'h AS
thousands of cases which had besn considered hopeless, e';';etsi
pliblisher f
—cough. asthma, also diarrhoea, haemorrhoids, liver coulPttlor
flatulency, nervousness, biliousness, fevers, sore throats, diPlok-
ria„ catarrhs, colds, influenza, noises in the head and ears,.rrity
iroo,
matism, gout, impurities, eruptions, hysteria, neuralgia,
Lility, sleeplessneFs, _acidity, palpitation, heartburn, beea,,so 10
debility, dropsy, cramps, spasms, nausea, and sickness, ewb`iuese
pregnancy or at sea, sinking fits, bronchitis, scrofula, Lie the
of the chest, pains at the pit of the stomach and betivce"i by
shoulders, &c. We quote a few :—The Pope's health reet,,e,L,ell'be
Da Barry's Food. Cure No. 68,413—" some, July 12, 1S,"" „doll-
health of the Holy Father is excellent, especially since, glee;;„ Pe
ing all other remedies, he has confined himself entirely Lite'
Barry's Revaleuta, Arabica Food, of which no consumes a victsl
fat at every meal. It has produced a surprisingly bc°,:itenf
effect on his health, and his Holiness cannot praise this car mere
food too highly.—From the "Gazette du 3lidi," July 25• •,.,iiei,
No. 46,270 -Mr. James Roberts, timber merchant, of rr; liver
Surrey, of thirty years' diseased lungs, spitting of Wet ;wart
derangement, and partial deafness. Cure No. I,77l—Lerde
de Decies, Lord-Lieut. of Waterford, of many years' dYst.,-„sia-
No. 49,632—"Fifty years' indescribable agony from dYers%oo
nervousness, asthma. cough, constipVon, liatulencY_, 8.,,03.-;
sickness, and vomiting.—Maria Joly. Important ueltatiolv
Beware of the many unsavoury and more than sloppy I°l4 each
to which, without authority, Baron Liebig's name is nos
ciously attached.
Ra 2"O
In tins, at Is lid; Ilb 23 9d; 2ibs 4s 65 5 lbs lls 1-„coal,
2t Ibs 40s. -Also Do BARRY'S ERVA_LENTA AnABICA on'., (.01;
POSYDna is packed in tin canisters: for 12 cups at ', 6, for.,; st Pdi
at as 6d, for 48 cups at 6s, for 2SB cups at 30s, f,,r 57G env.,- ~0 sco
--being about one penny per cup. The 30s and 55s tins;r.-
free of carriage in England on receipt of Post-Office 'gassed
No. 77, Regent-street, Louder'
BARRY Do BARRY and Co.,
all Grocers and Chemists.

_
BIRTIM. ife Of
OUTFIELD —On tho 29th ult., at Brighton, the Nv
Captain A. J. Chatfield, RN., of a daughter.
oi of 6
CHELSEA —On the 28th ult., Viscountess Ole'i s-
son.

MARRIAGES.
LLOYD —RICA—On the 27th ult., at Irounslow, T.
Lloyd, , of 42, E iosbury-circus, to
sHeocioinsed;
Hounslowr
.f George W. Rich, Esq., of Al
WOODS—PICKARD -At Plymouth, Lieut. • icor'
R.H., to Aunie, daughter of Lieut.-Colouel r'c
P.M.

DEATHS.
BROOKES On the 28th ult. at Hounslow, John 1-
Brookes, Esq., aged 86. b. job°
HuNTER -On the 26th ult., at Wes bourne-Par-,'d 86.
Hunter, Esq , formerly of the Qqeen's Bay's, 814' _Jane
Yonx tho 28th ult., Mr. John York, of 1, 11oneY
market; Cheapside, aged 73.

London: Printed and Published by WILLIAM AN.strited,
of No. 112, Strand, Printer, at Tag SUN Offlceo'"!
in the Precinct of the -Sayoy, tho comity, of A. 4 06
`•""'
,tazi9 1, 1869.