The Sun.
London, England, 1866-03-12 00:00:00

MONEY MARKET.

As all the gold sold this week by the Government has
had to be paid for in greenbacks, and as many of the
compound interest notes formally used as currency are
now hoalded for the interest due on them, thus
making the amount of active circulation so much less,
money has been decidedly in more demand, and the
rates are now full 7 per cent. for the best names. Good
commercial paper is not negotiated for less than at the rate
of 8 and 9 per cent. Secretary M'Cullagh's proposal to borrow
money in foreign countries meets with strong opposition in
and out of Congress. His bill will probably be defeated.
Some fears are entertained that the split between the Pre-
sident and his Congress, will injuriously affect the country
by unsettling public confidence; but people generally en-
dorse the President, and have no fears for the financial
affairs of the Government.
DRY GOODS.

The trade in dry goods is dull, and very inactive. The
importations continue heavy, and buyers are holding back
for lower prices.

NEW YORK BANK RETURNS.

The following are the last returns of the New York
Banks:

Discounts. Specie. Circulation. Deposits.
8
Feb. 10, 1866 242, 608,872 10,129,806 22,240,469 188,701,463
Feb. 17, 1866 243,068,252 10,308,758 22,983,274 189,777,290
AMERICAN RAILWAY TRAFFIC RETURNS FOR
JANUARY.
1866. 1865.
Chicago&Alton 210,171 261,903
Milwaukee and
Prairie du

Increase. Decrease.
... G 1,732

Chien
Milwaukee and
St. Paul
Pittsburg, Fort
Wayne, and
Chicago
Toledo and
Wabash _ 226,059 ... 144,084 ... 81,975 ...

"WEEKLY REVIEW OF THE NEW YORK MARKETS.

COTTON.—The market is greatly excited by the foreign
intelligence, prices 2c. to 3c. higher, with a large specula-
tive demand. The theory connected with the rise in
American cotton at the Liverpool market, and the decline
of short staple cottons like Surats is, that goods from
Surat cottons are rejected, while there is a peremptory
demand for goods made from American cotton. The sales
to-day were 5,000 bales at 45c. to 47c. for middlings, clos-
ing at 46c. for middling Uplands.
BREADSTUFFS.—The market was irregular and gene-
rally easier, under the foreign advices. The common and
medium grades of State and Western flours were sc. to
25c. lower, and very irregular and dull. Sales, 6,600 bals.
at $6 65 to $7 15 for supers ; $7 25 to $7 70 for extra
State ; $7 75 to $8 10 for choici3 State ; $8 20 to $8 56
for shipping round hoop Ohio ; $7 50 to $lO 15 for extra
Western ; $lO 25 to $l4 50 for double extra Western and
St. Louis.

Corn was in good demand and firm. Sales 55,000 bush.,
including unsound mixed at 72c. to 76c. ; sound western
mixed, at 76c. to 78c., in store and afloat ; Jersey yellow,
at 78c. to 80c., the latter being scarce.
Oats were in better demand, part for export. Sales
60,000 bush., including Canadian, at 55c. ; western sound,
at 39c. to 44c., in store and delivered ; State, at 56ic. to
58c. ; Jersey and southern, at 50c. to 52c.
Rye was rather firmer. Sales 10,000 bush.
Butter was firm but quiet, at the late advance, at 25c. to
33c. for Western and Ohio, and 46c. to 47c. for State.
Cheese, with better supply, was scarcely so firm, at 17c.
to 20c. for State, and 21c. to 22c. for factory-made—latter
an extreme price.

AsHEs—We notice of sales 60 casks pots, part to arrive,
at 7/c. to 7-Ic. Pearls nominal.

BUILDING MATERIALS—The market is dull, with prices,
and no sales sufficient to establish quotations.
COFFEE—The market was quiet and unchanged. We
quote : prime Rio, 21c. to 21fc. ; good Rio, 20c. to 20ic. ;
fair Rio, 18c. to 181 c.; ordinary Rio, 171 c. to 171 c. ; fair
to good cargoes Rio, 18c. to 20c. ; mats and bags Java,
28c. to 281 c. ; Maracaibo, 21c. to 231 c. ; Laguayra, 21c.
to 230.; St. Domingo, 171-c. to inc.—gold, net cash, duty
paid.