The Sun.
London, England, 1866-02-10 00:00:00

TRADE OF THE UNITED STATES.

In the statistics of the New York Cattle Market of 1865
we find the following returns of the number of bullocks,
furnishedby the various States and Canada, which are as
follows :

Illinois 100,978 Massachusetts... 788
New York
Ohio 20,687 New Jersey 257
Kentucky ... 9,513 Vermont
Michigan 8,056 Nebraska lOB
Indiana
lowa
Pennyslvania 2,718 Maino
Connecticut 2,151 Rhode Island
Missouri

From this it will bo seen that a very large proportion
(considerably more than half) has boon furnished by the
State of Illinois, or rather has been supplied from the
market of Chicago, at which point the cattle reared in
lowa, Wisconsin, Minnesota, Missouri, and other States
west of the Mississippi are concontmted for sale.
The magnitude of the cattle trade of Chicago may be
judged of by the fact that, last autumn, when our Mr.
Satterthwaite was in that city, the inhabitants were just
about finishing a cattle market, fitted up with pens, some
covered, others open, drained throughout, lighted_with
gas, the whole floored with three inch boarding, and
covering au extent of forty-seven acres; there was also a
large hotel, and other buildings for conducting the busi-
ness of the market, the whole extent of land secured being
about 500 acres. It it. probably the largest and most com-
plete market to be found in any part of the world. Tho
statistics above given confirm what the promoters of the
Atlantic and Great Western Railroad have all along
stated, that the cattle trade mould form one of the most
important sources of revenue, and it must be evident that
with an unbroken six-foot gauge from Chicago to New
York, nearly every head of cattle passing between these
points must pass over this rail. When the great number
of barrels of flour and of pickled pork which pass between
Chicago and New York is taken into consideration, and
the quantity of Indian corn to be moved in bulk is almost
unlimited; it is, we think, evident that a railroad forming
a direct unbroken line between the two cities of Chicago
and Now York would have a largely remunerative busi-
ness from the traffic alone ;in fact-it appears to us of so
much importance that we think the Atlantic and Great
Western Railway ought to strain every nerve to endeavour
to. complete so magnificent an enterprise.
The following extract from a letter dated Chicago, 17th
January, 1866, affords additional confirmation of the views
above given : •
"If grain could be carried by rail from Chicago to New
York at 50 cents per 1001bs., and flour at one dollar per
barrel, it would Induce such quantities of grain to be for-
warded during the winter as would tax the road to its
utmost ability. During last week the different lines were
carrying grain in bags to Now York at 65 cents, which
had the effect of calling forth such very heavy shipments
that the lines have advanced the rate to 80 cents ; this
figure has cut off the grain shipments, but the increasing
carriage of pork and beef make up for the falling
off in .that article. I mention this circumstance
to show what' a line between this city and Now
York under one management might do. It is a
trade the railroads have never attempted except in
a small way, in sacks ; but the fact remains, that if it could
be forwarded in bulk, and at the rate mentioned, or even
at 30 per cent. more, any line, having a continuous gauge,
would reap a rich harvest never attempted by any of the
existing lines."

Notwithstanding the depression of other markets in the
Stock Exchange since our last, American Securities have
remained firm. United States 5.20 Bonds have been in
fair demand for investment, both in the London Market
and for European account; and in the absence of any
large shipments from America have advanced only one
per cent., closing at 67f to f.
Both Illinois and Erie Shares remain steady at previous
quotations, the former being last quoted 75 to and the
latter 531 to f. For Virginia Sixes there has been some
inquiry at an improvement of $l, but they are like all
other Stocks, considerably below the New York quota-
tions.
The First and Second Mortgage Bonds of the Atlantic
and Great Western have receded one, and the Debentures
about a half per cent.
N.B.—After official hours the delivery of telegrams
from New York to the 27th inst., reporting flat markets,
depressed both Illinois and Erie Shares, the last prices
being 74f to 75 ; and 521 to 53/ respectively. United
Statss 5.20 Bonds were unchanged.
OFFICIAL TRANSACTIONS FOR TILE WEER.—United States
1.
6 per Cent. 5.20 Bonds, 1882 : Thursday, 66 ;Friday,
:
661; Saturday, 661 1 ; Afonday, 67 1 ; Tuesday, 671 1 1 ;
Wednesday, 671.1 ; Virginian 6 per Cent. Dollar Bonds
Thursday, 411 401 ; Friday,—; Saturday, 41; Monday, —;
Tuesday, —; Wednesday, 411. Atlan. and Gt. Westn.
(N. Y. Sect.) 2nd Mrt. Bds. 1881 : Thursday, 74 ;
Atlan. and Gt. Westn. (Penns. Sect.) Ist Mrt. Bds. 1877
Thursday, 771 ; Wednesday, 77.6 ; Atlan. and Gt. Westn.
(Penns. Sect.) 2nd Mrt. Bds. 1882: Saturday, 72 ; Erie
Shares, $lOO, all paid : Thursday, 531 lex div. ; Friday,
531 3x d ; Saturday, 531 x d ; Monday, 531 d ; Wed-
nesday, 531 ; Erie Shares, 6 per Cent. Convertible
First
Bonds : Thursday, 751; Friday, 751 ; Saturday, 76 ;
I
Monday, 761 ; Wednesday, 761 ; Illinois Central Shares,
all paid: Thursday, 741 1; Saturday, 751 5; Monday,
7.5 1; 'Wednesday, 751 ; Philadelphia and Erie iis
Mortgage, 1881: Monday, 761 1.

• LonD CLARENDON.---The Nezv York Herald
draws consolation from the fact that Lord Cla-
rendon is a staunch friend of the United States.
He has always manifested the kindliest senti-
ments toward America. Unlike his predeces-
sor in the Foreign Office--Earl Russell—Cla-
reridon is a statesman endowed with broad and
generous ideas. Therefore the Herald is disposed
to attribute his part in the controversy with Mr.
Adams to a conviction that he had a cause to de-
fendin which neither his head, his heart, nor judg-
ment was enlisted, and be was glad to abandon it,
leaving the'subject to stand upon the ground upon
which his predecessor had placed it. n