The Sun.
London, England, 1866-06-09 00:00:00

NEW UNITED STATES SENATOR.

General Oliver S. Ferry, of Wilton, has been elected
United States Senator from Connecticut. General Ferry
has long served in the lower House of Congress, is a
thorough patriot, and an earnest and able man.

GREAT FIRE IN NEW YORK.

The Academy of Music in New York was totally de-
stroyed by firo on the night of May 22. The fire was sup-
posed to be the work of an incendiary. The loss was
upwards of one million of dollars. Max Maretzek, the
manager of the Italian Opera, lost only $27,000.

The Right Reverend George Burgess, D. D.,
Bishop of Maine, died lately, while returning from
the West Indies, whither he had been for his health.
Bishop Burgess was born in Providence, on October
31, 1809. He was the son of the late Thomas
Burgess, long the Judge of the Municipal Court of
Providence, and brother of the late Mr. Thomas M.
Burgess, the second mayor of the city. He was
educated at Brown University, where he gradu-
ated in 1826, and was afterwards a tutor in that
nstitution. Subsequently, he visited Europe and
studied in the Universities of Bonn, Berlin, and
Gottingen. After completing his theological
studies, he accepted the rectorship of Christ Church,
Hartford, where he remained till he was elected
Bishop of the Diocese of Maine. He was conse-
crated October 31, 1817, and at the same time as-
sumed the rectorship of a church at Gardiner,
Maine. He at all times held great influence in the
church and in the House of Bishops. He belonged
to the Low Church party. He was a voluminous
writer, and wrote an ecclesiastical history of Boston
and the region about it, embodying a great amount
of learning. He was a poet of no mean pretensions.
He made a metrical version of the Psalms of David,
which possessed much merit. Bishop Burgess
married a sister of Bishop King, of Californa. She
survives him with one daughter, and was with him
at his death.

Certain wealthy New York citizens have organ-
ised an American Jockey Club, after the fashion of its
Parisian namesake, with the following officers:—President,
A. Belmont ; Vice-President, Leonard W. Jerome ; Trea-
surer, William Butler Duncan ; Secretary, J. F. Purdy.
The race-course at Bathgate, ten miles out of the city, will
be opened in September, and it is also proposed to have a
club-house in town. Certain gentlemen living on and
near Washington Heights have also organised a Four-in-
Hand Club.
Lieutenant-General Grant, with his new grade of
General, will receive seventeen thousand six hundred
dollars per year.
At the President's levee, in May, Mr. Adam
Black, of Edinburgh, and. Mr, Roberts, of Dlancheeter, were

present. Senior Romero, Minister from the Republic of
Mexico, was accompanied by the youthful daughter of
President Juarez.

COMMERCIAL,

The first wave of the storm in the London money mar-
ket has passed us, without leaving any ruin in its wake.
Money is easier, and has fallen this afternoon from 7 to 6
per cent., at- which figure it is expected to remain for the
present. Gold opened this morning with an upward ten-
dency, at 1411, but receded to 1391 and closed at 140.
Exchange on London, at 60 days, 1101 per cent. ; Conti-
nental rates in unison. To-day Government securities
Unproved 4 to 4 per cent., and it was reported that a -mode-
rate shipment of 5-20's would be made to Europe. The
Railway Share Market was buoyant. Eries steadier. The
receipts on the Atlantic and Great 'Western Railway for
the second week in May amounted to £18,812, against
£15,653 in the corresponding period last year, showing an
increase of £3,159.

The New York Times, in its Money Article, states that

the export of gold by the steamers to-morrow will amount
to six millions of dollars, making for the week, including
the sum sent overland to Boston for shipment by the China
last Wednesday, $11,000,000. Since the beginning of
May, the aggregate export is twenty-two millions of dol-
lars, which, assuming that the whole has been supplied
out of the Treasury of the United States, to be deducted
from the balances held on the Ist of May, would still leave
the largo sum of fifty-four millions available for export
through the summer months if required. Of this sum, about
twenty-two millions belong to the holders of Gold Notes
or Certificates of Deposit, and thirty-two millions to the
Treasury of the United States. The following figures, we
have reason to say, may be relied upon as closely reflecting
the Treasury
.Gold movement since the Ist of May, in-
cluding all the offices:

Gold in Treasury, May 1, 1863 576,676,000
Increase of deposits for gold notes
Received for customs at New York $9,306,000
And at the out ports

Total in gross $102,584,000
Interest paid since May 1 at New
York. $12,114,000
And at all other offices

Together $15,614,000
Sales of gold since May 1 approxi-
mated 82,500,000 —48,114,000

Balances in Treasury May 26 554,470,000

The following were the closing quotations on the Stock
Exchange :,United States 10-40's, 941 ; do. 5-20's, 1011 ;
do. 7-30's, 101-i ; Northwest, 281; N. West Pref., 571 ;
Rock Island, 931; New York Central, 943 ; Erie, 671;
Hudson, 112 • Reading, 1101 ' • Mich. Southern, 791-;
Illinois Central, 118 ; Pittsburgh, 861 ' • Tennessee 6s, 901 ;
Missouri Os, 75 ; North Carolina 6s, 831 ; Virgitiia, 6s, 67.
The day's business at the office of the Assistant Trea-
surer of the United States, New York, was as follows :
Receipts, $5,719,233 49, including for Customs, $375,000;
Gold notes, $365,000. Payments, $7,090,529 60. Ba-
lance, $111,695,177 50.
The week's imports at this port for Foreign Dry Goods
have been to the value of £1,007,837.
Movements in Cotton at this Port.

Receipts thus far this week
Receipts since May 1, 1866

Bales.
5,636
19,627

Receipts since Jan. 1, 1866 ' 301,246
Receipts since Sept. 1, 1865 756,246
Exports since Sept. 1, 1865
Estimated Stock now hero 140,000

:From L. P. Morton and Co's. Circular, New York, May
26, 1866.)

Monetary affairs have been unsettled during the week,
in sympathy with the disturbed condition of finances in
Europe. The withdrawal of currency from the market
into the Treasury, in payment for about $22,500,000 of
Gold brought from the Government to meet the large
export of specie, has produced a sharp contingency in
money, the rate of interest on call loans having risen from
5 to 7 per cent., while discounts are 11 to 3 per cent.
higher. The " Cuba's" intelligence of panic in London,
by inducing expectetions of a further return of American
Securities to be raid for in Gold, produced some uneasi-
ness in financial circles ; but upon it being ascertained
that the Government was disposed to let out of the
Treasury large amounts of currency, by retiring certain
evidences of debt of short term, confidence was restored,
and there was a general recovery in the value of securi-
ties. The next news from Europe is looked for with some
interest, but wiihout any general apprehension.
The Stock Market declined heavily under the first large
demands of the Treasury upon the Banks ; but, under a
conviction that the money market would experience early
relief, prices subsequently recovered, and, in some cases,
are higher than a week ago. Erie has been especially
depressed under lower quotations from London, and in
expectation of the return of large amounts of the stock
from abroad; the price has fluctuated between 651 and
741, and closes at 671 to 671. Illinois Central has Wien
from 1201 to 116, in sympathy with the decline in the
stock at London, and closes at 118.
The continued return of five-twenties from Europe has
depressed the value of those securities during the week,
the price having touched 1001 but reacting yesterday to
1011 to 1011 ; at the close the quotation was 1011-. Yes-
terday some purcdases were made for shipment. State
stocks have been dull, tu• steady amid the fluctuations in
other seeurities. Tennessee G's close at 90t, Missouri 6's
at 75, Virginia 6's at 67, and North Carolina 6's at 831.
Gold has fluctuated widely, under a continued large de-
mand for export. The suspension of sales by the Govern-
ment was followed by an advance from 130 to 1401. The
price closes at 1391 to 139 g.
MOVEMENTS OF SPECIE AT NEW YORK.
Imports.—From California past week, $1,276,505 ; re-
ceived previously, $13,202,469 ; total since Jan. 1, 1866,
$14,478,974.
Exports.—For week ending May 19, $8,763,295 ; pre-
viously, $8,380,360 ; total since Jan. 1, $17,143,655 ; same
time 1865, $9,631,717.

We have b3en favoured with the following copy of a ]et-
ter from a well-known merchant of New York to a friend in
London :

" It is almost amusing to hear the opinions you refer to
as entertained by certain wiseacres in London, in regard
to the terrible effects which your financial panic is likely
to produce in this country. So far from being ' convulsed
from centre to circumference,' our money market can
hardly be said to be excited. There is not the slightest
approach to a panic among any class, and the demand for
money which has sprung up is confined almost entirely to
stock-jobbing people. I have not heard of a single failure,
and if any has occurred it has been of so unimportant a
character as not to attract public notice. I have just re-
turned from the regular meeting of the Board of Directors.
of the - National Bank, • one of the largest instituttons
of the kind in the country, and there was not the least
excitement exhibited on the part of any member of the
Board. The offerings were large, but every dollar was
discounted, which is an unusual thing at any time.
"New York, May 25."

(From E. F. Satterthwaite and Co.'s Weekly Circular,

June 6.)

By the " China" our latest advices from Now York
were to the 22nd ult. Notwithstanding the large amount •
of gold shipped by the " Scotia," the quotation remained
steady until the arrival of the " Cuba," with intelligence
of the monetary difficulties on this side, when, on large
purchases for transmission to Europe, the premium ad-
vanced to 33, and consequently, as we learn by telegraph,
to 38. The quotation for Government Stocks was, how-
ever, firm at previous quotations. In Railroad Stocks,
both Illinois and Erie; on expectation of selling orders
from this side, were depressed about three or four per cent.,
but the general list exhibited little alteration. State
Stocks and Railroad Bonds were sparingly offered, and at
any concession in price would have been readily taken.
Via " Greencastle " we have received the following
quotations, being to the 26th May :
United States 5-20's lolk I Erie, Common
Illinois Centrals 118/ I Gold l3B-i
The following is the return of the New York Banks :
Discounts. Specie. Circulation. Deposits.
May 12, 257,621,317 13,970,402 24,03,259 217,552,853
May 19, 255,690,463 13,595,465 25,189,684 217,427,729
The traffic of the Philadelphia and Reading Railroad
for the month of April, 1866, compared with the same
month of 1865, shows a total net profit for the five months
of 1866, $1,201,897.27, against a net profit for the corres-
ponding five months of last year of $1,528,315.02.