The Sun.
London, England, 1865-12-25 00:00:00

American Financial and Commercial News.

NEW Yonx, Dec. 9.—Money abundant. Gold, 144 i.
Exchange on London, 1591; on Paris, 3f. 55c. Stocks
dull. New York Central, 97 ; Erie, 02* ; Five-Twenty
Bonds, 102*. Cotton heavy—middling upland, 48c. to
49c. Flour heavy. Wheat dull. Corn declining. Pro-
visions steady. Coffee very firm. Sugar quiet. Molasses
steady. Petroleum quiet—crude, 41c. ; refined, 67c.
NEW YORK, Dec. 7.—Government securities are steady
with moderate sales. In Railway mortgages and State
bonds little done. ltailway shares were generally higher in
the morning, but after the Board were freely offered at
lower prices. At the Second Board 5-20 s, old issue, sold
at 1021 to 1021- under purchases for foreign account. Erie,
under reports of sales at 571 in London, sold as high as
93,1, and closed at 921. The sales in London were for ex-
port to New York to deliver on short sales. The market re-
mains wholly in the control of professional operators, and at
the close the following quotations were made :—New York
Central, 97i to 974 ; Erie, 924 to 93 ; Hudson River, 109 to
1091; Reading, 116* to 117 ; Michigan Southern, 751 to
75* ; Illinois Central Scrip, 1331 to 135 ; Cleveland and
Pittsburgh, 94-1 to 94j ; Rock Island, 107 to 1071 ; North-
Western, 36 to 34; do. Preferred, to 65; Fort Wayne,
105 to 106; Ohio and Mississippi Certificates, 281 to 281 ;
Canton, 45i to 46 ; Cumberland Coal, to 45 ; Mariposa,
141 to 15 ; Quicksilver, 48 to 481.
Money on call is 7 per cont., and qukfted in some quarters
more active. Loans are made in rare cases at 6 per cent.
In commercial paper no change; best sells at 7 to 9, and
second rate at 10 to 15 per cent.
Exchange is firm at 109* for leading names at GO days
on London.

London financial advices by the Hibernian, at Portland,
are to the 24th of November. The Bank of England has
reduced its rate of interest to 6 per cent., and the bullion in
the Bank had increased £778,000. Cotton was Id lower
on American. Five-Twenties were quoted at ; Illi-
nois Central, 83 to 83i ; Erie, 57 to 571.
Freights are more active. The engagements to Liver-
pool are : 70,000 bushels wheat at Gid to 7d ; 1,000 bales
cotton at 5-16 d. Per steamer: 14,000 bushels wheat at 7d;
7,000 bushels corn at ; and 7,000 bushels peas at 71d.
To London: 300 barrels flour at 2s. A brig to Cork
for orders, with privilege of west coast of Ireland, at
6s 3d.

The following shows the exports (exclusive of specie:
from New York to foreign ports for the week ending Da•
cember 4, and since the beginning of the year

1863. 1864. 1865.
For the week $3,505,610 $3,998,585 $5,618,019
Prev. reported —156,885,289 198,503,869 150,805,778

Since Jan. 1 160,390,899 202,502,454 156,423,797
THURSDAY, Dec. 7, p.m.

The report of the Secretary of the Treasury is regarded
in some quarters as putting the national finances in a less
favorable light than the facts warrant. The public will
be much pleased if the Secretary has made this mistake on
the right side, for it is an error which insures an earlier re-
sumption of specie payments than people deem possible,
and for which they are unprepared. Instead of a deficit
of $112,000,000 in the fiscal year ending January 30, 1866,
a careful writer estimates that it cannot exceed $15,000,000,
and bases his statements upon the following data :
Estimate of Actual and
Report. Probable.
Unappropriated Oct. 1
Gold Customs to Juno 30 100,000,000 135,000,000
Internal Taxes to Juno 30
Lands and Miscellaneous

Together $372,658,515 $470,158,515
To pay all Requisitions 484,853,462
_484,850,462
The Treasury will not, upon a deficit of $15,000,000 or
of $50,000,000, be obliged to issue another dollar of new
legal-tender currency, and instead of a margin of seven
months for speculations upon the necessities of the Trea-
sury, liquidation must be entered upon at once by over-
trading banks, of which there are many hundreds, and
overtrading merchants and speculators too numerous to
count. The estimates of the fiscal year ending June 30,
1867, are amended by the same authority and placed as
follows :

Estimates of Probable
Fiscal Year 1866-7. Report. Income.
From Customs in Gold 5100,000,000 9150,000,000
Internal Taxes 275,000,000 350,000,000
Miscellaneous and Lands 21,000,000 21,000,000

Total Income $396,000,000 $521,000,000
To pay Interest 141,542,000 141,542,000

Balanco 5254,458,000 $379,458,000
Support of Government 142,776,000 142,776,000

Applicable to Public Debt 8111,682,000 $236,681,000

(From Messrs. E. F. Satterthwazte (5. Co.'s Weekly Circular,
December 20).

The "China," brought our usual advices fromliow York