The Sun.
London, England, 1867-06-17 00:00:00

CDUMERCIAL

NEW York, Juno 1, 1867.
Last Saturday's steamer took out
$838,211, and on 'Wed-
nesday $130,500 in specie went to Europe, making the total
for the year close on $17,000,600. The import of specie from
California amounted of Saturday to $568,998, making the
total from the commencement of the year $10,503,812. Gold
has been firmer. On Wednesday it advanced 1 per cent.
This is in consequenceg Mr. M,Culloch's letter. The Sec-
retary wrote to the Boton merchants declining an invita-
tion to a public dinnei and took the occasion to dwell at
length on financial affix& He did this last year on de-
clining a similar invention, when ho warned Congress
against extravagant arpropriations. Ha now shows them
the effects of their lavi3h expenditure. But his letter has
imparted confidence totho Stock and Mon'iy Markets, as it
defines a distinct poli(;-. Uncertainty is the bugbear of
our financial affairs. re never know what Congress
will do, as it is capable of doing any possible thing ; -
whether Protection or Free Trade will be in the
ascendant ; what it is going to tax-or what to exempt.
We now know that tho greenback currency will not be
awans $232,741,052, and receipts
c now in the Treasury of
further contracted for sumo indefinite period, and this, of
, with gold, has strengthened
ck, though no great anima-
course, sends up gold. The Government expenditure for
mrst ha2oie3ll.l9eqr,iat2ihyalartatn,neBmrsdelin.3n
oids,iTconeoghioiellflorneoa r:ciig usl vaishl
3bl.setio)
la
lion is
yet apparent. More freight is said to be carried on
both the Erie and Near York Central than last year, but
not at remunerative rates. They are moving on
both linea to cut off the profitless portioa of
their traffic, and secure, as far as possible, their earnings
for the proprietors. Michigan Southern has been firm,
though the North-Western Stocks are drooping. Cleve-
land and Pittsburg have fluctuated much. Fifteen thou-
sand shares have been voted by the Pittsburg, Fort Wayne,
and Chicagostock-holders as additional capital. The Pacific
Mail Steamship Company steadily advances. ' It is now re-
ported that this company is s 3curing all the available Panama
Railroad Stock with the intention of obtaining the whole
route from New York to Yokohama. Business is looking
better, influenced by seasonable weather and favourable
harvest prospects. Gold, 1371 United States Five-
Twenties(lB62)lo6;, (186-1) 104, (1865) 1081-, (1865) new
issue 108, United States Ten Forties, 991, United States
7 3-10 loan 1061, Missouri Sixes 97, Tennessee Sixes 66,
Virginia Sixes 69, 3-
New York Central Railroad 98, Erie
59, Erie Preferred 72, Hudson River 101 i, - Reading
1031, Michigan Central 110, Michigan Southern and
Northern Indiana 68, Illinois Central 116, Cleve-
land and Pittsburg 75, Cleveland and Toledo 113, Chicago
and North-western 331, Chicago and North-western Pre-
furred 571, Pittsburg, Fort, Wayne, and Chicago 961,
Chicago and Rock Island 38, Ohio and Mississippi Certi-
ficates 25, Adams Express Company 631,,
United States 67,
' Wells, Fargo, and Co.'s 65, 1 8
Vestern Union Telegraph
Company 44, Pacific Maili Steamship Company 1283,
Atlantic Mail Steamship Gompany 101,,
Cumberland Coal
Company Preferred 291, Canton 4 Company
-31:, Quicksilver
Mining Company 25, Mariposa Mining Company 6 to 7,
Mariposa Mining Company Preferred 161, Boston Water
Power Company 261.

(From E. E Satterthunite and Co.'sWeekly Circular, June 12

By the Java we have our usual advices from New York
to the 28th ult. Business generally on the Stock Ex-
change had been cm a somewhat limited scale. Tho Go-
vernment Funds maintained their price, but the demand
had sensibly diminished.
Mr. M'Culloch's letter to tho Boston merchants had ex-
cited great attention, and the conclusion drawn from it,
that, for some time, no further largo contraction of the
currency would be possible, had in some quarters induced
operations for a rise in• quotations, but the speculative
purchases had produced no effect on the market.
The Assistant-Treasurer had notified that after the Ist of
June he would be prepared to purchase, at current market
rates, the second and third series of Seven-Thirties, the
purchase of the first series having been suspended. Of
this issue there is only now about one-fourth of the whole
amount outstanding, and they will be paid off at maturity
in July.

Railroad stocks at one time exhibited a slight upward
tendency, but quotations subsequently gave Wan
and
there was a decline all round, with the exception of Il-
linois Central, of from one to three per cent. from the pre-
vious week. The transactions in railway mortgages were
very limited, bat Border State bonds were in request, at
an advance of quite $1 on Missouri, Tennessee, North
Carolina, and Virginia.