The Sun.
London, England, 1868-05-01 00:00:00

AMERICAN MAI?KF,7 S.

(From Beldiny, Keith, and Co.'s Circular.)-
By mail we have advices from New York to the 11th
The great stringency in the money market noticed in our
last had been followed by a panic. The Atlantic Mail
Screw Steamship Company's stock was sold for 86
one day, and the next down to 28—said to have been
caused by realizations by parties holding as eollatera's.
Such serious fluctuations cause sad havoc with the market,
and injure confidence in everything.
The Journal of Commerce has the following as to the
stock market, which we believe is intended to apply to
these operations :

MONEY MARKET, Friday Evening, pril 10.
The New York Journal of Commerce has the following

—" The speculators are as uneasy without the stimulus
and opportunities of the stock boards as a fish out of water,
and the specimens we have seen on the street accept the
dismal storm of snow and sleet as a fit illustration of their
mental and physical condition. It is a good occasion hero
to speak of the Society for the Suppression of Gambling,
whose circular reached us yesterday. The officers quote
1,017 lottery offices, 163 faro banks, and $10,000,000 net
gains to the proprietors of the same, as the statistics
of this business in New York. How come they

to omit those gigantic gambling operations carried on
daily in Wall, Broad, and New streets ? Have they
never seen the eager crowd, wild with excitement,
their voices pitched in a high key, their eyes in fine frenzy
rolling, their hands keeping heroic action in unison with
their tongues? 'Prevention of gambling!' Yes, it has
a fine sound. This is, as these gentlemen say, A monster
vice,' and ' hellish rapacity' may not be too strong a term
to use in describing its encroachments upon the public
morals. But why not detail some of the detectives now
' instructed to ascertain who and what class of men fre-
quent such places,' to watch certain other shops, where the
' victims, almost invariably gathered from the employees
of the banking institutions, insurance companies, mercan-
tile houses,' Svc., go not in singly, nor while it is dark,
but in throngs by daylight ? Here is a field for the asso-
ciation, white with the harvest they may reap with scarcely

an effort.
" The Stock Market is unsettled, and for most descrip-
tions weak. At the first session of the open board there
was a fair amount of business, which was mostly done at
a decline from the closing quotations of yesterday. At the
regular board Pacific Mail Steamship Company was de-
cidedly lower, and most railway shares were pressed for
sale at a decline. Governments of both classes are selling
more freely at quoted rates.
"It is said that a banker loaned money upon five hun-
dred shares of Atlantic Mail Steam Company's stock at
80, which were sold to-day, under the presssure of a panic,
at loss than half that price."
THE GOLD MARKET.—GoId has been free from specu-
lative excitement, but the premium has been quite steady,
not to say firm, iu opposition to the prevailing anticipa-
tion
of ultimately lower quotations. Pending the late
stringency in money, certain brokers borrowed gold
freely from the banks upon condition that the banks
should advance currency to them upon stocks. They sold
the g dd, and are now having to buy it back for returning
it to the lenders ; and this demand has tended to keep the
premium firm. Foreign exchange also has advanced to
rates which admit of the shipment of bullion ; the gold
exports of last week and this are likely to reach a much
higher total than was expected. Gold, however, is much
more abundant for delivery, and loans are now made at 4
to G per cent.
FOREIGN EXCHANGE.-0 wing to the limited amount of
cotton bills coining to hand and a sharp demand yesterday
for bills to remit against returned Fire-Twenties, ex-
change for to-morrow's mail is much firmer, leading
drawers generally asking 1091 to 1091 for sixty days
sterling.
The following are the closing quotations for the several
classes of foreign bills, compared with those of the three
last weeks :—London Commercial Banks, long, March 20,
1091 to 1021 ; March 27, 1091 to 1091 ; April 3, 1091 to
1091 ; April 10, 1091 to 1091. London and Commercial
Banks, short, March 20, 110 to 110/ ; March 27, 1091 to
109{ ; April 3, 110 to 110/ ; April 10, 1101 to 1101.
The following were the closing quotations at the
regular board compared with those of the six preceding
weeks

Mar. 20. Mar. 27. Apr. 3. Apr. 9.
New York Central 123 1191 1221 1211
Erie
Hudson River 139 131 140 141
Reading
Michigan Southern 80 811 84 901
Michigan Central 113
....... ... _ _

Clev. Rnd Pittsl... 9O 91 92
Clev. and To!ed. 10,11 1031 101:- 10-1±
North-western .... CO

" preferred 74 743. 74 75
Rock Island 931 921 941 9$
Fort Wayne lO2l 102 99,;,.
Illinois Central
Ohio and Miss 3Ol 29} 31. 311