The Sun.
London, England, 1866-09-29 00:00:00

IHE SUN, LONDON, SATURDA V EVENING, SEPTEMBER 29, 1866.

are in a position to be well informed on the subject
of an overwhelming triumph of the Republican
cause in the fall elections.

The Union League is being extended in the
Southern States with much success, and is affording
a nucleus around which the National Republican
party can rally in the South against the terrorism
which is exercised against the true Union men.
Its power will soon begin to be felt in Southern
politics.
One thousand eight hundred and sixty dollars
have been collected for the relief of the sufferers
from the fire at Portland, and handed over to Mr.
W. S. Huntingdon, the treasurer of the fund.
The Rev. Henry Ward Beecher has written a.
second letter explaining away his first. Ile fences
with the position as skilfully as Mr. Gladstone under
somewhat similar circumstances. his first epistle
excited a sensation, causing the greatest annoyance
and dismay to the party of which he had been so
cherished a member. Mr. Greeley replied to that
letter in a long and able document, which ends
thus :—" Mr. Beecher has achieved a sudden and
wide popularity. In the conception of every black-
leg, duelist, negro-killer and rowdy, from the St.
John to the Rio Grande, he has all at once ceased
to be a fanatic, a bigot, a disunionist, and become
an enlightened patriot and statesman. His praises
are freely mingled with the blasphemies of the Hook,
and the ribaldry of the Sunday Mercury. There is
not in all the land one who considers ' niggers very
well in their place,' but that place under the feet of
the whites, who does not thank him for his letter.
The thugs of New Orleans are by this time enjoy-
ing it ; and General Forrest would gladly preside at
a meeting called expressly to ratify it. But there
is sadness in many hearts where the eloquent pastor
of Plymouth Church has been loved and honoured—.
a mournful consciousness that they have trusted too
confidingly, and loved unwisely. Little children, ,
keep your hearts from idols.'"
We extract the following regarding the fur
trade from the letter of the North-West cor-
respondent of the Springfield Republican :
" The fur trade is constantly growing in value
and importance, although the bison and beaver
are considerably less. The value of the furs brought
to St. Paul annually exceeds three hundred thou-
sand dollars. This does not include the great
amount of furs which are transported from the
Red river country through other channels. The
Hudson's Bay Company still carry on their opera-
tions, but in time private individuals will have
broken the back of their monopoly." He also adds,
—" A day or two ago there appeared a little steam-
boat on Lake Minnetonka. It seemed to have a
pleasure party on board, and we noticed also a
small boat in tow, in which was a single person.
We have since learned that this was the first trip
of the boat, and that the engineer becoming
frightened lest the boiler would explode deserted
his engine and betook himself to the small boat,
leaving the pleasure party to its fate. The boat
happily reached the shore with no disaster, and is
now lying high and dry on the sand. Such is the
pleasure of pioneer steamboating."

COMMERCIAL INTELLIGENCE.
NEW YORK, Sept. 15.

Gold inclines downwards, under the influence of the
shipments from Europe and the accumulation in the Trea-
sury. After selling at 144* to 1452-, it closed at 145. lam
inclined to think that gold wilt decline in spitz of the
efforts of the speculators. However powerful they cannot
stand against circumstances, and those circumstances all
point towards a fall. Government Stocks aro stronger.
5.20's are quoted at 1111; new ditto, 1081; and 7.30's at
105* to 106. The downward tendency of gold strengthens
these stocks, as well as the influence of the large Treasury
balances and the enormous receipts. In State bonds there
is a moderato business, at former rates. Railway mort-
gages were steady, and several transactions took place,
small amounts being freely offered. The Miscellaneous
Share List was not so strong, indeed barely steady.
Among Railways Now York Centrals were in special
demand, and with a good tendency upwards. Erie was
not so good, still active, going from 72 in the morning up
to 72i. The whole tendency of prices is towards firmness.
After the second board nearly all round advanced, and closed
firm at the following quotations :

New York Central, 1061 to 107 ; Erie, 72 to 72i; Hud-
son River, 122; Reading, 115 to 1151; Michigan S•mthern,
83 to 831 ; Illinois Central, 122 ; Cleveland and Pl.'sburg,,
86 to 86t ; Rock Island, 108} to 109 ; North-Westt,:n, 35
to 351 ; do. Preferred, 66 to 661; Fort Wayne, 105 to 1051;
Canton, 52 to 521 ; Cumberland Coal, 46 to 461 ; quicksil-
ver, 521 to 521 ; Mariposa Preferred, 301 to 31.

Call loans are 5 per cent., and lower rates aro excep-
tional. In commercial bills no change. Prime short dated
pass at 5 per cent., and good at 51 to 6. Ordinary names
of longer date soil at 7 per cent.

Exchange is unsettled ; Prime GO-day Sterling is quoted
107 to 1071. The following aro the current rates :—Londor
prime bankers', GO days, 106/ to 1071 ; London prime
bankers, sight, 1071 to 1081; London, prime commercial,
1051- to 106 ; Paris, bankers', long, 5.28* to 5.25 ; Paris,
bankers', short, 5.261 to 5.22-1 ; Antwerp, 5.311 to 5.271 ;
Swiss, 5.311 to 5.271 ; Hamburg, 351 to 351 ; Amsterdam,
401; Frankfort, 40 to 401 ; Bremen, 77-1 to 771.; Berlin,
701 to 71.

In Freights the engagements to Liverpool aro 21,000
bush. Corn, at 4Sd. ; 230 bales Cotton, at 3.16 d.; 500 bbls.
Rosin, at ls. 6d. ; 25 hhds. Tobacco, at 225. Gd. ; and per
steamer, 50 bales Cotton, 5-16 d. To London, 300 bbls.
Flour, at 2s. 6d. For Bremen, 9,000 bush. rye, at 41d. ;
and per steamer, 50 bales cotton, at ic. A vessel with
2,900 bbls. petroleum, at ss. 6d., if to Marseilles, or 6s. Gd.
if to Venice or Trieste. A vessel to a continental port
with petroleum, at ss. 9d. A ship with 2,500 bbls. Petro-
leum, at ss. 3d. if to Hamburg, ss. 9d. if United Kingdom
or Continent, or Cs. 3d. if to Cork direct.
The Tribune says the payment of the Clearing House
certificates will be another step toward a contraction of
the currency and a return to specie. With these out of
the way there are nothing but the compound notes, which
will be readily met by the current income of the Depart-
ment. The receipts are so large that after paying the call
loans the balance at the Treasury will accumulate to a
degree which will affect the amount of currency in circu-
lation. The Department is still converting the 7-30's into
5-20's through favoured channels. As it is more to the
interest of the country to have the 7-30's all promptly
turned into long gold stock, than to have commissions paid
to favoured house; the Secretary should lose no time in
getting authority to offer a sufficient commission to any
ono who will surrender the 7-30's for 5-20's. The short
currency debt is now the main obstacle to the resumption
of specie payments, which will be an easy matter as soon
as the short debt is renewed. The excitement in Erie did
not end with the closing of the transfer books, but was
greatly stimulated by a statement in the Times, that "The
Stock register as it closes to-day will afford no conclusive
right to vote at the election, should the Stock itself part
ownership in the mean time, and the now or bona fide
owner or his proxy, or attorney, present the certificate to
the Inspectors of Election by way of challenge. The new
owner may not be able to vote, but he can kill the vote or
proxy of the previous owner." This reads so smoothly
that many people bought the stock upon the theory that
it would be valuable to vote upon. This idea will vanish
upon reading the following extract from the "Revised
Statutes," Part 1., Title 4, Chapter XVIII., Sec 6 :—" And
in all cases where the right of voting upon any share or
shares of the stock of any incorporated company of this
State shall be questioned, it shall be the duty of the in-
spectors of the election to require the transfer books of
said company as evidence of stock held in said company ;
and all such shares as may appear standing thereon in
the name of any person or persons, shall be voted on by
such person or persons, directly by themselves, or by
proxy, subject to the provisions of the act of incorpora-
tion." This section puts at rest the hope of killing
stock by presenting the certificates as indicated by the
Times.

(From L. P. Morton and Co's. Circular.)

Per steamer
haffairsh "
a s
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coefßoston.
continuance
disturbed ''NEW YORK, Sept. 15.
n
Tobfyh etthhecehluiaeLfplerFaetavularliel
prevailing
Ineaosne,erl.fic
de-
mand for capital for moving the Western crops. Demand
loans are made chiefly at 4 per cent. ; the requirements for
discounts are quite limited, the rate on prime paper being
sto 6 per cent.—an indication that the general activity of
trade is not attended with the ordinary amount of credit.
Government Securities have been comparatively weak,
under lower quotations for five-Twenties at London, and
a downward tendency in the Gold market. Five-Twen-
ties of 1882 have fluctuated between 111/ and 1101, and
close at mg. It is understood to be the purpose of the
Secretary of the Treasury to redeem at an early'day the
remaining portion of the Temporary Loan, amounting to
545,538,000.
Railroad Stocks have been dull. For the time being
the course of speculation has favoured lower Prices ; but
the prevailing tone among operators looks to an ultimate
advance movement. Erie has been unusually active, in
consequence of purehases made with a view to controlling
the approaching election of directors. The price has ranged
from 71 to 724, and closes at 724.
, State Stocks have been fairly active. Tennessee 6's,
1890, have advanced about 3 per cent., and close at 931 to
95. North Carolina 6's close at 83 to 85 ; Virginia 6's at
69} to 70 ; and Missouri 6's, at 771 to 78.
Gold exhibits less firmness. The price has ranged at
1471 to 1444, and closes at 145.

Exchange has beeu firmer, as the result of speculative
purohaaea from the large aurplua of commereial and other

bills. For to-day's mail, rates for Sterling have ranged
about 1 per cent. above our last quotations. Transactions,
however, have been checked by the advance. Bankers'
60 days' Sterling closes at 1061 to 107 ; 3 days' sight do.,
1071 to 108 ; Francs, 5.284 to 5.261 for long date, and
5.25 to 5.221 for short.
The Cotton Market has shown more firmness, princi-
pally as the result of increased purchases by domestic
spinners. Accounts from the South represent the picking
season as progressing favourably ; but estimates as to the
amount of the new crop are as conflicting as ever. The
market closes at 331 cents for Middling Uplands.

FOREIGN QUOTATIONS.
Sept. 14. Sept. 7
London commercial lO5l 106 104 105
Do. bankers' long lO6l 107 1051 106
Do. bankers' short sight lO7-4 108 1061 107
Paris sixty days 5281 5261 5384 5334
Do. short sight 525 5221 535 5311
Antwerp 5311 528; 540 536
Hamburg 351 351 351
Amsterdam
Frankfurt
Bremen 77; 771 771 771
Berlin 7Ol 71 70 701

COTTON QUOTATIONS.
Uplands. Mobile. N.O. & Ts.
Good Ordinary ...... 30 to 30} 30 to 31 31 to 31}
Low Middling . 31-} to 32 32 to 321 33 to 331--
Middling
Good Middling

MOVEMENTS OF SPECIE AT NEW YORK.
IMPORTS.—From California, Sept. 10, $1,679,030 ; re-
ceived previously, $27,861,313. Since January 1, 1866,
$29,540,343.
EXPORTS.—For week ending Sept. 8, $157,062; pre-
viously, $53,395,000. Since January 1, $53,552,062 ;
same time 1865, $20,760,803.

(From E. F. Satterthwaite and Co.'s Weekly Circular,
September 26.)

The latest dates of advices from New York, by the
"Asia," are to the 11th inst. There was no diminution
in the abundance of money, and leniers were readily ac-
cepting from three to four per cent: on Government se-
curities, and four to five per cent. on good Railroad
Stocks.

United States Bonds were scarcely in such active de-
mand, and there WM a slight decline in price in some
descriptions. In Railroad Stocks business was more active,
and quotations were generally well sustained. State Bonds
and Railroad Mortgages showed but little change, and
Gold was steady at former rates.
Owing to the damage to the land wires in Newfound-
land, the latest Telegram received from New York is to
the 20th inst., and reports the following quotations:—
Gold, 1441 ; United States 5-20's, 1111 ; Illinois, 1211 ;
Erie (Common), 771 ; Exchange, 154.

In the London market for American securities there has
not been quite so much activity during the past week as
wo have noticed of late, and quotations exhibit a declining
tendency. The settlement, to-day, has developed a
largely over-bought account in United States 5-20 Bonds,
and the Contango has been I to 5-16 ; under these circum-
stances the price has given way to 71; to 1, a decline of
ono per cent. on the week.

For Illinois Shares there has been but little inquiry,
and they have declined to 771 to I. Fries on the other
hand have continued in demand for shipment to Now
York, and at one time advanced to 48, but close 471 to -I,
The difference in price (approaching 20 per cent.) be-
tween the Debentures and Consolidated Bonds of the At-
lantic and Great Western Railway has induced many
parties to exchange the former for the latter, hence De-
bentures have been mote offered, while the Consolidated
bonds continue in steady demand.

Anna Simons, Ribnitz ; Pauline Klenz, Philadelphia ; Pau.
lino Fleischmann mit kind, Charleston ; J. Rudolf, Chicago ;
Elise Ebener mit 4 kindern, New York ; D. Bishop,
Wauen ; J. G. Schutz() mit frau, St. Louis; Ulrike Kurmb,
New York ; Georg Fischer mit frau, Newark ; W. Reuscb,
mit sohn, Peru ; Hermann Brunner, Giessen ; Elise Hahn,
Nurnberg ; Peter und C. Bender, Bretzenheim ; Auguste
Kruger mit kind, Memel ; Marie Gutmann, mit 3 kindern,
Hamburg; Johannis Brandt mit frau, Polo, Lissa ; Rosalie
Seelig, Stettin ; Bertha Reinhardt, Virchow ; Maria Panz,
Hannover ; Johann Christiansen, Schweden ; E. Fischer,
Nurnburg ; C. Conrad, St. Louis ; Helene Westedt, San
Francisco ; M. A. Hauser, Mary Heidig mit kind,
and M. Cobliner, New York ; Rudolph Goebel mit,
frau und 3 kindern, and Albertino Dyes, St. Louis ;
Carl Meyer, America; Emil Eichhorn, Ebernheim ; Jos.
Behu, Santos ; Julie Heinemann, Salzkotten ; Therese
Rohe, Obernburg; Lorenz Hofmann, mit frau und 2 kin-
dern, Obernburg; Adolph Kogler, Wiesbaden; David
Flesch, Frankfurt a. M. ; Ida Ullmann, Roedelheim ;
Friedrich Brauer, Richmond; Wilhehn Haas, Homburg;
L. Graeffe, mit frau und 2 kindern, Now York ; Anna
Foikers, New York ; Auguste Schlater, Now York ; Dora
Rolffs, Hamburg ; Julie Ruhmann, `Hamburg ; Julie Gart-
ner, Hamburg ; Carl Koppe, Hamburg; Richard gaps,
Hamburg; Carl Wedderiu, Dessau.