The Sun.
London, England, 1867-10-05 00:00:00

COMMERCIAL.

New York, Saturday, Sspt. 21.
There is more demand for money as is generally ex-
pected from the requirements of the West to move the
crops. Yesterday 7 per cent. was the ruling price from
the best firms, and tho advance therefore is fairly sus-
tained. At Chicago call loans are made at S per cent., 10
being the charge for a longer period. At Cincinnati the
rates are from 8 to 10 per cent., with 10 or 12 for second-
class paper. Although the demand is good, the supply is
abundant. It is thought as the glut of money increases in
Europe, and the demand hero becomes more brisk, that
some of the idle capital on your side will find employment
on this. At the same time it is feared that Butler and
Pendleton, with others of that class, will injure confidence
in American honesty by their speeches and letters on Re-
pudiation. We know the value of this talk. But you
may attribute to it an importance it does not in reality pos-
sess. A decline in the United States Bonds has been re-
ported in the foreign markets, which, I suppose, is due to
the agitation these wind-bags have excited. If the effect
bo felt in Europe, it is not impossible that it may lead to
action in the next Congress by the passage of a measure
settling the payment of the Five-Twenties in gold. The
decline in Europe has been followed by weakness here,
though the 5-20 Bonds keep up, as the street is not well
supplied, There has been a fall in gold. It was strong
early in the week, but fell on Thursday, when it closed at
1431. Yesterday it went down to 1421, closing at 1431.
The receipts front customs average $500,000 a day, and there
is no export demand. The importation of specie last week has
also greatly fallen off, amounting only to $37,790. Silver
is in limited request at 51 to 61 cents below the price of
gold. Mexican dollars are 102 to 1021 in gold. Foreign
exchange is firm, at 1091 to 1091 ; bills being more in re-
quest in consequence of the decline in gold. The Miscel-
laneous Stock Market is excited and feverish ; railroads
falling heavily during the last three days. The tone of
the market has been weak and drooping, and the large
margins have caused to speculators heavy losses. The
want of confidence has thrown a considerable amount of
shares on the market, though the " bulls " are sanguine of
a favourable reaction, the earnings of the railways being
unusually large. The September receipts of the New
York Central are heavy thus far. The New York Weekly
Bank Statement shows a loss of $4,500,000 in currency,
and an increase of $4;000,000 in loans. There is a fair
trade doing in dry goods; the market is well supplied,
and there has been no change in prices. Cotton
has declined, though not enough to make much impression
on the markets. The following are the latest prices :
Gold 1431. United States Five-Twenties (1862), 1091,
(1864) 1091, (1865) 1101, (1865, now issue) 1071, United
States Ten-forties 991, United States 7-30 Loan 1061-
to 107, Missouri Sixes 104, Virginia Sixes 50, New York
Central Railroad 1051, Erie 63. Erie Preferred 77, Read-
ing 1011, Michigan Central 110, Michigan Southern and
Northern Indiana 771, Illinois Central 211, Cleveland
and Pittsburg 83, Cleveland and Toledo 281, Chicago
and. North-western 401, Chicago and North-western Pre-
ferred 65, Pittsburg, Fort Wayne, and Chicago 101 k,
Western Union Telegraph Company 411, Cumberland
Coal Company Preferred 331.