The Sun.
London, England, 1869-01-20 00:00:00

Ist Board.
Gold 1344
U.S. Coupon 6's of 1881 ... •
1141
U.S. Five-Twenties of 1862 1101
U.S. Five-Twenties of 1864 1071
U.S. Five-Twenties of 1865 1074
U.S. Five-Twenties of 1865, new
1101
U.S. Five-Twenties of 1867 111
U.S. Five-Twenties of 1868 ... 111
U.S. Ten-Forties ... 1051
Missouri 6's ..„ 90i
Tennessee 6's, ex cpn ••• 691
Tennessee 6's, new
••• ••• 69
North Caroline 6's, new 61
North Carolina 6's, x cpn 63
Virginia, 6's new
Virginia 6's, x cpn ••• ••• 554
Canton Company 49A•
Cumberland Company ... 421
Cumberland Coal, preferred ... 351
Quicksilver Mining ••• •• 221
Boston Water Power
Ohio and Mississippi Certificates 311
Pacific Mail S. S 1191
Atlantic Mail S. S
Western Union Telegraph ... ..• 331 331
Adams Express Company ... 41+ 481
Wells, Fargo, and Company's Express 251 241
LT. S. Express 45
New York Central Railroad 158+ 159}
Erie Railroad . 38+
Hudson River Railroad 134 i 1331
Reading Railroad ... ... 98f 98
Michigan Southern ... 871 88}
Cleveland and Pittsburg ... 8314 831
Northwestern Common .., 831 824 Northwestern Preferred 83184
Cleveland and Toledo ... 1001 1011
Rock Island •.. 1171 118
Fort Wayne ••• 1131 1131
Toledo, Wabash, and Western RE. 58* 591
Milkwaukee and St. Paul Preferred 871 881
Messrs. Stokes, M‘Haffie, and Co. have received the
following message from thcir New York correspondents
by Atlantic Telegraph :—" New York, Jan. 13.—Four
days' receipts of cotton at all the ports are 30,000 bales.
Approximate estimate of receipts for the week is 60,000
bales; same week last year, 83,000 bales. Price of mid-
dling upland, laid down in Liverpool, is 121-d. New
Orleans, Jan. 13.—Price of middling Orleans, laid down
in Liverpool, by sailing vessel is 12d. Savannah, Jan. 13.
—Middling costs, from this port, laid down in Liverpool,
per sail, 12id. Galveston, Texas, Jan. 12.—Good ordi-
nary from this port, laid down in Liverpool, by sail, costs
111 d. Tone of all markets very strong. The above
quotations include an allowance of 6 per cent. for loss in
weight."

The Commercial and Financial Chronicle shows that
Senator Morton's estimate of the gold now in the United
States is far too high. The Senator thought that the
amount had actually largely increased since 1860, and
might now be as high as 572,000,000 dole., certainly
above 400,000,000. The Chronicle, assuming that tra-
vellers in Europe have taken out as much as emigrants
have brought in, and leaving out the circulation in the
Pacific States as of no use to the banks or people of the
Atlantic States, makes the following estimate :
Gold in Atlantic States in 1861 $165,000,000
Product of mines for 8 years
ending June 30, 1868 485,000,000
Imports of specie for 8 years
ending June 30, 1868 141,900,000

Total supply, 8 years .„ $791,900,000
Exports of specie last 8 year5...8518,100,000
Sent from South dining the war 15,000,000

Total loss in 8 years

563,100,000

Stock in 1868 5228,800,000
"It would thus appear that the present stock of the
precious metals in the Atlantic States is close upon 230
millions of dollars. It is not to be supposed, however,
that all this exists in the form of coin, or even of coin and
bars. A certain portion of the supply cf gold and silver
has been taken for commercial purposes. That form of
consumption has been largely increased within late years,
under the high duties of jewelry and plate, and perhaps
could not be safely estimated at less than $10,000,000 per
annum. Assuming this to be a full estimate, and deduct-
ing only $70,000,000 from the foregoing balance, we should
have about $160,000,000 as the present stock of coin and
bullion in the Atlantic States." If there is so much gold
in the country, where is it ? It is difficult to account for
much more than half oven of that sum.

(From the (Philadelphia Public Ledger, Dec. 30.)
We learn through the medium of correspondence from
Washington that the Committee on Banking and Currency
have under consideration the recommendations containe
in the report of the Comptroller of the Currency in relit.
tion to Bank reports, banks in voluntary liquidation, the
periodical stringency in New York city, panics, specie
payment; and free banking. It is reported that the
majority of the committee seem to be in favour of the
Comptroller's plan of remedying the system of requiring
quarterly bank reports to be made on a specified day, by
which the letter, and not the spirit, of the law has been
very easily complied with, the banks being careful to ex-
hibit the required amount of reserve at that time. The
Comptroller contends that the actual working condition of
the banks can hardly be expected to be shown when the
day of making the report is known in advance, and re-
commends that section 34 of the Currency Act be so amended
as to authorize the Comptroller to call upon the banks for five
detailed statements or reports during each year,fixing upon
some day that ispast,as such achange would bar the prepara-
tions now made about the end of each quarter, and pre-
vent outside operators from conspiring against the bank
and the honest trade. The evils of the present arrange-
ment mentioned are no doubt true, and the remedy sug-
gested, it is believed, would be adequate to the end. The
committee, we understand through the same medium also,
seem favourably inclined to the proposition of the Comptrol-
ler that banking associations going into voluntary
liquidation be required to provide for their out-
standing circulation in lawful money, and take up their
bonds within three months, under penalty of haviug their
bonds sold at auction in New York city, and to pay such
association the excess of the amount required to pay its
outstanding circulation. This, be claims, will remedy the
present partial system authorized by section 42 of the
Currency Act, by which a banking association may go
into liquidation, pay off its creditors, do uo business,
and yet reap all the benefits of a circulation
guaranteed by the Government. In some cases two or
three have owned a bank, gone into Equidation, done