The Sun.
London, England, 1866-04-03 00:00:00

American Securities in England.

The British writers upon financial affairs tra
puzzled at the manner in which United States
securities in the London market set at nought their
wisest predictions. They have laboured faithfully
to show that those securities ought not to advance
in value, but, on the contrary, ought to subside to
low prices. They demonstrate, entirely to their
own satisfaction, that the United States will never
be able to meet their own responsibilities, and that
all who dabble in American stocks and bonds will
suffer immensely. They are learned upon this sub-
ject, and produce a startling amount of so-called
" facts," and more startling inferences. But their
logic seems to be unavailing to stem the torrent.
When the Bank of England, in order to repress the
tendency in speculation, put up the rate of interest
to eight per cent., the securities which these news-
paper financiers pronounced good were depressed
in value, but the securities of the United States,
which they declared at the least to be doubtful, not
only held their own, but advanced in price. In a
few days Five-Twenties mounted up from 63 to-
71i. The financiers are disgusted with the stupi-
dity of their own countrymen. They have warned
them faithfully against their rashness, but they do
not listen.

There must be a a cause for this, and it may be
found in the fact that JOHN BULL has discovered
how much he had been previously deceived by
listening to the oracles of the Stock Exchange. He
has come to the conclusion that the United States
are not so desperately involved in their affairs that
they cannot pay the interest upon their obligations,
and he believes that they will eventually be able to
pay every dollar of their indebtedness. Confidence
is a plant of slow growth, but when it takes root it
is difficult to blast it. United States bonds for
$lOO, interest payable in gold, are cheap at $7ll.
The prudent Englishman who buys at that rate
receives eight per cent. on his money. Consols
bring' him no more than three or four per cent.
He argues that the profit is so great that he can
afford to take some risk, and if he is a man who
examines for himself, he cannotbut acknowledge that
the prospects of receiving this interest from the
United States are very good. The English financial
writers are in the interest of the London bankers,
and the cause of their anxiety to repress dealings
in American securities is now understood. Hence
they have lost their influence, and men take the

liberty of acting upon their own judgments.--
Anglo-A.merican Times

COUNTRY MARKETS.

LEICESTER— SATURDAY.
The show of wheat at market to-day was tolerable, and
samples moved off slowly, holders having to submit to
slight fall in prices. Barley was sparingly represented,
and a steady demand was experienced. The full rates of
last week must be quoted. In oats a fair share of business
was done, and extreme prices were realised. For beansthe
inquiry was better, and the finest old sorts were a trifle
dearer.
New white wheat, 51s to 52s ; new red, 47s to 49s ; old
white, 53s to 56s ; old red, 50s to 52s per 36 stone. Bar-
ley, for malting, 37s to 40s per qr.; grinding, 27s to 300
per 30 stone. Oats, old, 34s to 388 ; new, 27s to 32s per 24
stone. Beans, old, 51s to 53s ; new, 42s to 46s per 38 stone•

COLCHESTER—MARcu 31.
The supply of wheat was not large, but quite sufficient
for the requirements of the trade, which was dull without
any material alteration in prices. Barley for malting was
rather cheaper ; the weather being so much warmer,
maltsters are afraid to increase their stock. Beans and pens
the same as last week.

Wheat, white 40s t4s Beans, Mazagran......33B 364
rcd 368 48s Middle and 5ma11..348 408
Barley .... '=Bs 408 Peas, white 38s 42i
Oat .......208 258 grey —Us 423

NORTHAMPTON—MARCH 31.
New white wheat, 43s to 48s ; new red, 40s to 46s ; old
white, 48s to 525; old red, 43s to 47s per 36 stone. Barley
for malting, 40s to 44s per qr. ; grinding, 28s to 42s per 30
stone. Oats, old, 30s to 31s ; new, 20s to 28s per 24 stone.
Beans, old, 46s to 49s ; new, 40s to 44s per 38 stone. Peas
36s to 40s per 36 stone.

CHOCOLAT-MENIER is pure, wholesome, and
delicious.

ATENIER'S FRENCH CHOCOLATE.
-LTA_ Warehouse, 23, Henrietta-street, Covent-garden.
Sold everywhere.

WHAT DO THE IVIIiD WAVES SAY
NOW?—That the FIERY CROSS has arrived,
bringing some magnificevt RAISOW CONGOUS of delicious
flavour, and which may na'W be had, at a mere commission on
the import price, of the EAST INDIA TEA CO il PAN Y,
No. 5, Great St. Helen's CLurehyard, Bishopsgate-street.

STARCH MANUFACTURERS
TO H. It. H. THE PRINCESS OP WALES.
GLENFIELD PATENT STARCH,
Used in the• Royal Laundry,

AND AWARDED THE PRIZE MEDAL, 1862.
Sold by all Grocers, Chandlers, &c. &o.

TORN GOSNELL and CO.'S CHERRY
eTOOTH PASTE is greatly superior to' any tooth
powder; gives the teeth a pearl whiteness, proteeta.the
enamel from decay, and imparts a nleasant fragrance to
the breath. Price Is. 6d.-ILed Bull Wharf. 93, Upper
Thames-street, London.

PHEASANT REARING for 1866.--JAMES
CHAMBERLIN'S (opposite Corn Exchange, Nor-
Wich) is the only depot in the world for proper F 0( iD for
PH EASA N T FEE DING. Between 20n and 300 testimonials
of last year's success. Treatise on Hatching and Rearing,
with other valuable hints, posted free on application. Land-
owners, pheasant rea?crs, and gamekeepers can raise any
number of birds by using his food. The aristocracy of the
kingdom constantly nse it. Gentlemen requiring game-
keepers, or gamekeepers requiring situations, are requested
to apply to Mr. James Chamberlin. wine merchant and phea-
sant fool dealer, opposite Corn Exchange, Norwich.

PHILLIPS AND COMPANY'S TEAS ARE
BEST AND CHEAPEST.
STRONG to FINE BLACK TEA, Is. 6d., 25., 2s. 61, 35.,
3s. 4d.
Most Delicious Black Tea is row only 3s. 64. rer pound.
Pure, Rich, Rare, Choice Coffee, Is. 4d., Is. 6d, Is. Bd.
PHILLIPS and CO., TEA MEtteIIANTS,
8, King William-street, City, London, E.°,
A price current free. Sugars at market prices.
PR ILLIt'S and I'o send all goods Carriage Free within
eight miles of o. 8, King William-street, 40s. worth Car-
riage Free to any +cailway Station or Market Town in Eng-
land. Phillips and Co. have no Agent., nor any connec.ion
With any house in Worcester or Swansea.

Second Edition, extra cloth, price Is. 6d.,

• -
THE • LITTLE THINGS OF NATURE.
By LEO H. GRIN DON, Author of "Life : its Nature," &c

" It has seldom been our lot to read a book more beauti-
fully written and more deeply interesting than the one bcf ore
us"—Christian sews.

" He presents scientific facts, whether physical or metaphy-
sical, in a term which makes them far more relishable than
the most imaginative novels."—•Norfolk News.
London: F. Pitman, 20, Paternoster-row.