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

COMMERCIAL.

New York, Saturday, S ?pt. 21.
There is more demand for money as is generally ex-
pected from tho requirements of the West to move the
crops. Yesterday 7 per cent. was the ruling price from
the best firms, and the advance therefore is fairly sus-
tained. At Chicago call loans are made at 8 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 here 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
be 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 from 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 511 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, new 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 1011,
Western Union Telegraph Company 411, Cumberland
Coal Company Preferred 331.

(From the Wall-street Journal.)

Mining Stocks are very dull, and although undoubtedly
many of the Colorado Gold Stocks are now vory cheap,
there is not the slightest inclination at present among out-
siders to touch them, the actual daily transactions'continu-
ing very light.
Petroleum Stocks are fairly active, and Bennehoff Run,
Buchanan Farm, and United States are very strong. There
is also a general inquiry for the stocks of thoso companies
owning Real Estate.

At the annual meeting of the Bennehoff Run Petroleum
Company, on September 13th, the following trustees were
elected :—Cornelius Delameter, George A. Osgood, Cor-
nelius F. Timpson, John M'Master, Charles Stanton,
Samuel W. Boocock, and Charles W. Whiley.
The following are the closing prices to-day for Express
Stocks:—
Adams 64} to 65
American
United States
Wells, Fargo, and Co. ($35 paid) 55 to 57
Merchants' Union 22 to 221

From E. Satterthwaite and Co.'s Weekly Circular, Oct. 2
•

Our advices per Persia, from New York, aro to the 21st
ult.; there appeared at that date an increasing stringency
in the money market, Caused by requirements for moving
tho crops; this tightness had given a check to speculators
in Wall-street, and adversely affected the more speculative
descriptions of railroad shares. Government securities
wete, however, but slightly lower, the demand for them
from Europe appearing to counteract the effect of other
influences.

By a telegram, dated New York, Sept.2B, per the Atlan-
tic telegraph, the following prices have been received :
Gold, 1431; United States Five-Twenties, 1181; Illinois,
122 ; Erie (Common), 64f ; Exchange (60 days), 1561.
The market in London for American Securities has
been dull since our last, with a tendency for Government
Bonds to decline in value, from sales pressed on account
of Continental bourses, which to-day has been very
marked, the Five-TwentYßonds, 1862, having touched
on 71k.

Tho absence for two days of any quotations by Atlantic
Telegraph has deterred buyers operating, o wing to the un-
certainty of the price of gold in New York.
Erie Shares have been improving up till to-day, having
advanced from 40 to 42i; they close, however, flatter,
about 41. Illinois Shares remain steady. There exists a
good demand for Railroad Bonds payable in sterling. Vir-
ginia Sterling have also been inquired for at full rates.
Atlantic and Great Western Consolidated Bonds and De-
bentures have been more freely taken than for some time
past. The Report of the Committee of Investigatiou is
expected to bo issued this week.

(From Messrs. Bowles, Drevet, and Co.'s Circular.)
Paris, Oct. 4, 1867.
_ _ _

The declining tendency in American securities reported
in our last circular of September 27 has continued dnring
the week, and they have in a manner shared in the prevail-
ing panic, occasioned by the alarming advicss from all
quarters, and serving to disquiet holders of all securities.
Sales have been pressed far beyond the needs of buyers,
resulting in a general decline in values and much de-
pression.
We quote the market closing on the 3d instant, very
heavy :

United States 5.20 Bonds, 1862
Our advices from New York are to the 28th ultimo:—
Gold
United States Bonds, 1862 (currency) ll3l
The Rente closes at 67 75
The Italian closes at
Exchange on London 25 15