The Sun.
London, England, 1866-09-03 00:00:00

EXECUTIVE COMMITTEE AT WASHINGTON.

Chas. Knapp, of New Jersey, Chairman.
Hon. Montgomery Blair, of Maryland ; Hon. Chas.
Mason, of Iowa; Ward H. Lamon, of the District of
Columbia; John T. Coyle, D.C. ; A. B. Perry, D.C. ;
Samuel Fowler, D.C. ; Col. James R. O'Beirne, D.C. ; and
Cornelius Wendell, D.C.
Reverdy Johnson was appointed the committee to wait
on the President, and Charles Knapp, of District of Co-
lumbia, was appointed chairman of the Committee of
Finance.

COMMERCIAL INTELLIGENCE.

NEW YORK (Saturday), Aug. 18, 1866.

The tendency of gold is downwards. Yesterday it sold
at 151 to 1511, but closed in the evening at 1501. The
telegraph reports an upward tendency in the 5-20 Bonds
in the European markets, and the influence is felt hero in
the value of gold. I should not be surprised to find the
stream of the precious metal begin to flow back to the
United States, and if so, the quotation would quickly fall.
Government Stocks keep in active request, and are at
higher prices. Tho tendency of our own market is up-
ward, and if a spur be given by a rise in our securities in
Europe the quotations here will quickly respond. Rail-
way mortgages and bank shares are higher, and as there
is very general ease among our commercial classes they
are not much offered, and generally in small amounts. On
the 27th instant large payments will be made, and the
market may be expected to respond to the increased ease
which will result. The railway share market is firm, and
those conipanies which pay dividends go at improving
prices. Reading is especially active, selling as high as
116. Erie has also been supported. Money is abundant
on call at 4 to 5 per cent. Good commercial names pass
at 6 to 7_per cent., with exceptions as low as 5 per cent.
Sterling bills at 60 days are offered by German bankers
at 1061, and best names are to be had at 1071 to 1074. The
range of prices is as follows :—London, bankers, 60 days,
1061 to 1071 ; London, prime bankers', sight, 104 to 109 ;
Paris, prime bankers', long, 5.271 to 5.25; Paris, prime
bankers', short, 5.231 to 5.21; ; Antwerp, 5.30 to 5.25;
Swiss, 5.30 to 5.25 ; Hamburg, 36 to 361; Amsterdam, 404
to 41; Frankfort, 411 to 42 ; Bremen, 781 to 79; Berlin,
711 to 72.
Freights are more active, and rates have advanced. The
engagements to Liverpool are 80,000 bush. Corn at 41d. to
sd. ; 100 hhds. tobacco at 225. 6d. ; 1,000 bales cotton at
5-32 to 3-16 d.; and per steamer, 1,200 bales cotton at id.
To London, 45,000 bush. corn at 51d. to 6d. A bark was
chartered to Bristol for orders, with corn, at 4d.
The business of the Sub-Treasury was—Receipts,
$2,078,485 .76 ; for Customs, $454,000 ; payments,
$1,025,805 39 ; balance, $87,377,674 66 ; gold notes,
$295,000.
The Chicago Tribune of Wednesday says :—" The de-
mand for money to-day was more active than yesterday,
but there is no material change in the condition of the
market. The country bankers throughout the West are
reducing their balances, preparatory to the movement of
the new crops. To this end nearly all our bankers are
expressing currency westward, and some are even sending
currency both east and west at present.. Prime paper is
discounted readily at 10 per cent. per annum, but inferior
paper is discounted on the street at rates equal to 1 to 11
per cent. The demand for eastern exchange is compara-
tively light at present, but the supply is limited and, the
market remains firm at par buying and 1-10 premium sell-
ing. Round lots were sold among bankers at a premium
of 50c. to 60c. per thousand."
The Cincinnati Commercial of Wednesday says :—" Ex-
change was somewhat irregular, though rather heavier
with most dealers than it has been. The great part of the
sales are at 1-5 premium. The money market is kept in a
rather close condition, though discounting was rather less
active in the aggregate than it has been for a few days."
Thursday Evening.—There has been only a moderate
demand for the principal descriptions of securities. The
5-20 Bonds remain at 72} to f, but there is an advance of
in Erie shares at 451 to I, and Illinois at 794 to I. Atlantic
and Great Western debentures advanced 1, viz., to 62 to
63 ; and the Consolidated Mortgage Bonds remain at 46
to 48.

Liverpool Cotton Report.—Sales, 10,000 bales, includ-
ing 3,000 on speculation and. for export. Quiet market.
Prices in favour of buyers.

(MY ATLANTIC TELEGRAPH.)

New York, Aug. 29 (Evening).—Gold, 1481. Exchange
on London, 1564. Five-Twenty United States Bonds,
113} ; Illinois, 124 ; Erie, 74 ; Cotton, 34.

(From L. P. Morton and Co's. Circular.)

NEW Yonx, Aug. 18.

Per steamer "New York."—The ease in monetary affairs
at this centre increases. Demand loans are made at 3 to
4 per cent., and the rates of discount for the best paper
range at sto 61 per cent. The prevailing abundance of
money has been augmented by the maturing of the August
interest on .Seven-Thirty Treasury Notes, amounting to
about $11,000,000. Another cause of growing ease arises
out of the notification of the Secretary of the Treasury,
calling in for redemption, on or before August 26th, Cer-
tificates of Deposit on Temporary Loan to the extent of
about $70,000,000.
The prospect of the prompt liquidation of such a largo
amount of the public debt has caused a sudden demand for
national securities; which, occurring simultaneously with
an active demand for Five-Twenties, has caused an ad-
vance in bonds and Treasury notes of # to 21 per cent.
Five-Twenties of 1882 have fluctuated between 1091 and
1101-, and close at 1101 to 110 k. Other national securities
close lower.

The increased ease in money has produced a recovery
in the stock market from the decline noted in our last
advices. Erie has ranged at 681 to 691, and closes firm at
691 to 691. Illinois Central has been quiet and steady,
ranging at 1211 to 1221, and closing at 1221.
State Stocks have been fairly active. Tennessee 6's
have declined from 92 to 891, but subsequently recovered
and close at 92. North Carolina 6's close at 831 to 84;
Virginia 6's, 681, and Missouri 6's, 781 to 79.
The demand of the Emperor of France upon Prussia,
for the cession of the Rhenish provinces to Franco, pro-
duced an advance in Gold to 1521 ; subsequently the price
declined and closed at 1501. The premium is still sus-
tained by speculative combinations.
Foreign exchange continues quiet. The large supply of
sterling bills drawn against shipment of Five-Twenties
has further depressed rates. - Good Bankers 60 days'
sterling bills have sold as low as 1061; the closing rate
for prime bankers 60 days' bills on London is 1071 to 1071 ;
sight do., 1081 to 1081 : francs, long date, 5.271 to 5.231;
short do., 5.231 to 5.221.
The Cotton market has been dull, with little variation
in prices. Tho reduction of the Bank of England rate of
interest somewhat strengthened the market; but the dis-
position of buyers is to defer operations until the prospects
of the growing crop are more fully developed. The market
closed yesterday at 341 to 35 cents for Middling Uplands.
The receipts at all the ports, reported for the week ending
August 14, amounted to 5,000 bales, and the exports to
9,000 bales.