The Sun.
London, England, 1867-11-30 00:00:00

NET

'KEYS.

(From Correspondent of the Anglo-American Times.)
NEW Yottx, Nov. 16, 1867.
Though trade is far from satisfactory, the money market
has imt.roved —the terms now prevailing on call being
from 7 to 71 per cent., with nothing under 6 even, when
covered by Government's. Discounts are firm at from 7
to 9 per cent. for the best paper. Remittances of currency
to the South have increased as well as receipts from the
West. The largo sums demanded to move the heavy crops
have left the New York banks in a better position than
expected. Popular distrust, however, is in no degr,e
abated. Several prominent petroleum dealers have sus-
pended. Tracey, Irwin, and Company, dry goods jobbers,
have failed. 11. J. Shuttleworth, banker, of Buffalo, New
York, and Messrs. Pancoast and Warnock, auctioneers, of
Philadelphia, are among the number. Also Messrs. Sane-
cal and Migs, of Montreal, with large interests in the
United States' lumber trade, stopped on Nov. 9, with
liabilities estimated at $400,000. The meeting of the
creditors of Robert S. Taylor and Henry W. llubbell on
Nov. 6 has been satisfactory. Another will be held to-
day. if thepriuted reports of Mr. Taylor's assets and lia-
bilities are reliable, he can pay nearly three times what he
owes. The assets amount to $1,630,932, and the liabili-
ties to $599,705. His connection with 11. W. Hubbell has
involved him to the great surprise of all, and few men
have ever more justly merited sympathy. Mr. Hubbell's
liabilities are given at $1,874,150, and his assets at
$506,615. Charles P. Bayard, of Philadelphia, has settled
in full with his creditors at six, nine, and twelve months,
with interest.

A Lard fight is anticipated in Congress between the
advocates of contraction and inflation, and it is thought
that Secretary M•Culloch's plan of redeeming $4,000,000
per mensem will be temporarily suspended. The inflation
party derive their chief strength from the Western mem-
bers, and they are also greatly aided by the desire of all
to take the easiest present course withyut regard to the
future. Inflation means temporary prosperity - contrac-
tion, heavy depression, and failures; and though the ad-
vocates of contraction have honesty and common sense
on their side, they will probably be beaten by their oppo-
nents. There is, however, some truth in what they urge,
that the surplus revenue should be used in redeeming the
interest-paying debt, which would quickly advance the
price in Europe, and enable the United States, with the
consent of their creditors, to fund it all and reduce the
interest. The 10-40's are a great success, and as they ap-
pear to be growing in favour in Europe, it is rumoured
that the Secretary will apply to Congress for leave
to issue a loan specially designed for the foreign market.
With the permanent funding of the Debt another question
will come prominently before Congress, and that is to put
an end for ever to the power the Stevens, Butlers, and
Pendletons have exercised to the damage of the United
States' credit, by passing a resolution that the Debt, prin-
cipal and interest, is payable, and will be paid, when due,
in coin. Gold has slightly advanced, and is firm in anti-
cipation that Congress will stop further contraction. Yes-
terday the price opened at 141, fell to 1404, rose to 1414,
and closed at 1404. Thaddeus Stevens's letter has caused
no excitement in the gold market. There is a falling off
in the receipts of bullion from San Francisco, which is, in
a measure, accounted for by the new line now in full opera-
tion from San Francisco to Hongkong.
Direct shipments of silver can thus be made for Chi-
nese produce, and it is cheaper and more convenient to
give bills on San Francisco than, as in the old course of
trade, by the purchase of bills in London. American sil-
ver is 44 to 5 cents below gold ; Mexican dollars 1024
to 103 in gold. There has been another jump in some
of the railroad stocks, and on Wednesday New York Cen-
tral had a great rise. This was due to the publication of
the correspondence between Vanderbilt and stockholders
representing $13,000,000. The prestige of his name has
a favourable influence, now that his power is confirmed.
The St. Paul and Chicago Railroad Company has been
reorganised, five of the old directors have withdrawn, and
the following gentlemen elected in their place :-William
H. Ogden, Lowell Holbrook, M. S. Sykes, M. F. Young,
and John Farrington. The fight among the proprietors
over the direction of the Pacific Mail Company will, it is
thought, and in a victory for the present board. Express
Stocks are improved. Adams, 744 to 744; American, 724
to 73; United States, 74 to 75 ; Wells, Fargo, and Co., 534
to 531; Merchants Union ($35 paid), 334 to 334.
Petroleum stocks are steady. Mining stocks show little
animation, and business is nominal. Manufactures remain
dull, and many mills in New England are running on short
time, and the manufacturers now believe that the increased
tariff has been damaging to their interests. Flour and grain
have declined, the markets being fully supplied.
A summary of the commerce of New k ork for the year,
up to October 31, shows a total of imports of $171,458,669,
a decrease of $43,000,000 as compared with 1866, and a
total of exports of $152,056,521, about $20,000,000 less
than last year, though a very marked improvement has
been visible during the past month. The receipts from
duties were $101,879,476, against $114,655,329 for the first
ten months of 1866.
The following are the latest quotations :-Gold 1101,
United States Coupon Sixes 1881 1124, United States Five-
twenties (1862) 1084, (1864) 1054, (1865)1064, (1867) 1074,
United States Ten-Forties 1021-, United States Seven-
thirty Loan 1054 to 1054, Missouri Sixes, 1014, Tennessee
Sixes 63j, New YorkCentralll44, Erie 734, Hudson 1.2644
Reading 97-1, Mich. Southern and N. I. 814, Illinois Cen-
tral 1304, Cleveland and Pittsburgh 834, North west 514,
North-west Preferred 614, Canton 441, Rock Island 964
Cleveland and Toledo 1024, Fort Wayne 98, Pacific Mai
136, Atlantic Mail 1161, Quicksilver 164, W. U. Telegraph
32, Mariposa Preferred 14, Ohio and Miss. Certificates 254,
Boston NV ater Power 18, Cumberland 25.
The following are the letters alluded to above on the
New York Central Railway :-
York Central Railroad Company.
New York, Nov. 13, 1867.
Messrs. Edward Cunard, John J. Astor, jun., Benkard and
Hutton, John Steward, and others, representing over
$13,000,000 of stock,-
Gentlemen,-Your letter is received. I will accept the
proxies of such of the stockholders of the New York Cen-
tral Railroad Company as may see fit to transmit thorn to
me, and will vote upon them as I shall vote my own stock.
With my thanks for the confidence you have so kindly
endered.-I am, yours respectfelly,
C. VANDERBILT.
New York, Nov. 12, 1867.

C. Vanderbilt, Esq.
Dear Sir,—The undersigned stockholders of the New
York Central Railroad Company are satisfied that a change
of the administration of the company, and a thorough re-
formation in the manasement of its affairs, would result in
larger dividends to the stockholders and greatly promote
the interest of the public ; they therefore request that you
will receive their proxies for the corning election, and select
such a board of directors as shall seem to you to be en-
titled to their confidence. They hope that such an orga-
nisation will be effected as shall secure to the company the
aid of your great and acknowledged abilities.

EDWARD CUNARD,
JOHN J. ASTOR, j
BENKARD and HUTTON,
JOHN STEWARD,
And others, representing over $13,000,000 of Stock.

(From Messrs. Bowles, Drevet, and Co.'s Circular.)
Paris, Nov. 29, 1867.

The market during the past week has shown more
activity, and prices have advanced. United States Secu-
rities have been but little dealt in, and have failed to sym-
pathise in the general improvement, the attention of
speculators being for the time mainly diverted to the
Spanish and Italian Loans.
We quote :
For the issue of 1862
No transaction.
For the issue of 1865
For the issue of 1867
Advices from New York are to the 26th instant.
Gold
United States Bonds, 1862 (currency) lOB
The Bente closes at 69f. 10c.
The Italian closes at
Exchange on London 251. 15c.
We annex the statement of the Public Debt of the
United States on the Ist of November, 1867, which we
have just received from the Secretary of the Treasury.—
[This statement has already appeared in this paper.
ED. A. A. T.]

(From Messrs. Belding, Keith, and Co.'s Circular.)
FRIDAY EVENING, Nov. 29

The market for United States Bonds was steady till the
beginning of tbis week when the rise in the price of gold in
New York to 1401 caused a decline in all descriptions, but
on gold being telegraphed at 1391—Wednesday's closing
quotation in New York—a general improvement took
place, and quotations are now fractionally higher than
this day last week. The opening price of 5-20's of 1862
this morning is 70-i 71; ditto, 1865, 691 70 ; and 10-40's,
67 68.
Illinois Central Railway Shares open at 861 to 864,
showing an advance of 11i per cent. for the week. Eries
open at 461 471, or 1 per cant. higher than the correspond-
ing price of last week, though on Wednesday they touched
481. Atlantic and Great Western Consolidated Mortgaga
Bonds have improved per cent. They are now 18 tol9.

(From E. F. Satterthumite and Co.'s Weekly Circular, Nov. 27.)
Our ad vices from New York per Russia aro to the 12th
instant; they a report a steady market for all descriptions
of Government securities, with an improving tendency.
In Railroad Shares there had been more activity, but with-
out any material advance, notwithstanding the favourable
traffic returns for the month of October. State Stocks
and Railroad Bonds were more inquired for, and all offer-
ing were readily taken at slightly enhanced quotations.
The usual monthly return of the Treasury shows some
important alterations ; nearly thirty-one millions of 7-30
Treasury Notes had been exchanged for long-dated gold-
bearing bonds, the total increase in those securities being
$32,914,850, while the debt carrying a higher rate of in-
terest in currency had decreased $34,306,040. The total
decrease of debt for the month, less coin and currency in
Treasury, was $3,511,700.
ATLANTIC AND GREAT WESTERN RAILWAY.
(Committee of Administration.)
Office, 5, Westminster-chambers, Victoria-street,
Westminster, S.W., Nov. 18, 1867.
To the lioldors of Certificato of Dobouturo.—Ciontle-