The Sun.
London, England, 1867-07-13 00:00:00

continued. Some of our new styles are absurd, and
should be avoided, especially the new costumes all
made up of Gladiateur's colours or Fervacques,
stripes. Wooden watches are heavy, saffron dye
for the hair, instead of Titien glow, is to be ab-
horred. The two heavy plaits down our backs, in-
stead of light streamers, are somewhat barbarous,
and the new round hats worn on the tips of ladies'
noses are more like masks than anything else.
Gloves, instead of three buttons, are now provided
with thirty, and the greatest extravagance is a pea-
green jacket with crimson sleeves.

The wise middle course in this season is black.
The Empress's Court mourning is relieved by a
tinge of red. White and black are the coolest wus-
lins, and at present the most appropriate.

COMMERCIAL.
NEW YORK, Juno 29, 1867.

The intelligence from San Francisco shows that money
is abundant, and the rates have there fallen to 12 to 15 per
cent. per annum. The steamer on Saturday brought in
$1,145,000 in specie and bullion, to New York. The na-
tional produce of the precious metals is valued at abou t
$100,000,000 per annum, of which 75 millions are estimated
to be extracted from the quartz mines. The largest
quantity of gold is taken from Californian soil, and the
most silver from that of Nevada. The former foots up
$50,000,000, the latter $16,000,000. Tho richest silver
mine yet discovered in the world is in Virginia city,
Nevada, which within eight years has returned $66,000,000.
The amount of specie exported from New York from the
year ending July lis little over $40,000,000. Saturday's
steamers took out $466,800 in specie, and the Persia,
on Wednesday, $152,000, making a total since January
lof $23,222,826. There is more speculation in gold, and
that market is growing lively, for it is anticipated that the
President and the Congress about to assemble will not
pull together, and buyers look for a rise. An advance has
been already established of from 1 to 2 per cent., the rate
closing on Thursday at 1381. On July Ist the Treasury
will disburse nearly $18,000,000, and, as the export is
steadily declining, if there be no trouble at Washington
those operating for a rise can scarcely fail to lose. Money

is plentiful, and the supply will be further increased by
the July dividends, to be paid by the railroad and other
companies. The rates ruling here are from sto 6 per cent.
on the best security, and 7toB on the second class. The
supply is very large, but some think the Legislative Act
of last winter, which will be in operation next week,
abolishing legal rates of interest, will have an effect on
the market. I need scarcely say that these people are
wrong, as the market never has been influenced, and never
will be influenced, by any such insane laws. The simple
rules of supply and demand will continue to regulate
it, as they have hitherto done. Business also has
been more brisk in stocks and shares. The Michigan
Southern, influenced by a report of a change in its direc-
tion, and a consolidation of the line from Buffalo to Chi-
cago, of which it will form the western link, advanced
from 7 to 75i. Erie also rose rapidly with many eager
buyers. The Buffalo and State line railroad of New York
has been consolidated with the Erie and North-west, and
the road will be known hereafter as the Erie and Buffalo.
Another consolidation is in contemplation to complete the
Pennsylvania Central, and to give them a through inde-
pendent line from Philadelphia to Cincinnati. For this
purpose it is necessary to incorporate the little Miami,
Columbus, and Xenia railway. The Panama Railroad,
dividend for the quarter payable July 5, is 6 per cent. It
was thought that the receipts of Revenue and Customs
have increased so as to enable the Financial Secretary for
the month just closing to show a satisfactory return. At
New York the Customs receipts daily range from $350,000
to $400,000. Government Secur;ties are strong, with more
business doing at a slight increase of price. Foreign ex-
change is rising, and is now quoted from 110 to 1101 for
gold. Gold 138*, United States Five-Twenties (1862)
107/ to 110/, (1864) 1071, (1865) 1071, (1865, New Issue)
110/, United States Ten-Forties 100/, United States 7 3-10
Loan 106/, Missouri Sixes 98/, Tennessee Sixes 67, Vir-
ginia Sixes 74, Georgia Sixes 841, New York Central Rail-
road 104, Erie 631, Erie preferred 75, Hudson River 109},
Reading 108/, Michigan Central 1084, Michigan Southern
and Northern Indiana 764, Illinois Central 1211, Cleveland
and Pittsburg 801, Cleveland and Toledo 1201, Chicago
and North-western 391, Chicago and North-western Pre-
ferred 63*, Pittsburg, Fort Wayne, and Chicago 102*,
Chicago and Rock Island 93k, Ohio and Mississippi Cer-
tificates 25/, Western Union Telegraph Company 44, Cum-
berland Coal Company Preferred 301, Canton Company 461,
Quicksilver Mining Company 30, Mariposa Mining Com-
pany 7 to 8.

(From Messrs. Bowles, Brevet, and Co.'s Circular.)

Paris, July 12, 1867.
Unbroken quiet and a general disinclination for now
enterprises or speculation is reported to us from all
markets, American as well as European. Our cwn forms
no exception, and transactions during the past week have
been very limited.

In Americans the quotation has varied from 821 to 82-7 i,
but with little business. The issue of 1865 is steady at
801 41; in that of 1864 we hear of no transactions.
The rente closes at 68.90.
The Italian closes at 50.40.
Exchange on London, 25.181.
United States Securities close in demand.
1862'5, 88.
1865'5, 834.

(From E. F Sailerthumite and Co.'s Weekly Circular, July 10.)
The Persia brings us our usual advices from New York
bearing date 25th ult. There had been an active demand
for all classes of the public funds, and prices were well
sustained. An easier money market bad also stimulated
speculation in railroad stocks, and a larger business was
recorded than for some time past, but without any great
alteration in quotations, except that Michigan Central had
declined $6, while Michigan Southern had advanced $4.

In railroad bonds we noto an improvement ooth in the
demand for and price of Atlantic and Groat Western First
Mortgage Bonds ; Border State stocks generally were more
inquired for.