The Sun.
London, England, 1866-10-13 00:00:00

COMMERCIAL.

NEW YORK, Tuesday, Sept. 25.
There is no change worth notice since I last wrote.
Gold opened yesterday at 1431 and closed at 1441 a de-
cided rise, the tendency being strongly upwards.

The import of specie at this port for tho week ending
Sept. 21 was as follows :

Per steamer Hermann, from Bremen • $6,000
Per steamer New York, from Aspinwall
Per steamer Java, from Liverpool 1,510,212
Per steamer North America, from Rio Janeiro 600
Various 4,685

Total for the week $1,523,477
A great increase of the import of the precious metal from
California is looked for. A new process of extracting gold
from the auriferous rock having been brought into most
successful operation. This discovery is likely to work a
revolution in the mining operations of the State. The
average yield per ton of quartz, by the old system,
was scarcely over $6, by the new system the return, as
far as the trial goes, gives $32. The waste by the former
method was very great ; by the new one there is no waste
at all, every particle of the gold being secured. I send you
an account of the process which may be interesting to your
readers.

Both Government and State Stocks are in fair demand,
and remain at the full quotations of last week. Investors
are very careful, after their cruel experience of the petro-
leum mania. The Government process of paying off the
debt at the same time that it increases the floating amount
of capital lessens the secure investments open. The ten-
dency is for these securities to rise, and the rise would be
more decided but for the great power of the ring. If gold
goes up, it will have an adverse effect on this stock ; when
the elections are over, and the policy of the Govern-
ment more decided, greater strength will undoubtedly be
given.

After the call the market was steady, and remained firm
until the Second Board. At the Second Board the market
was firm on New-York Central and Reading. The North-
Western shares and Rock Island are steady on the balance
of the list. Cumberland was strong and sold at 52. After
the call the market was very irregular. Toledo advanced
to 1211, and Cumberland Coal 52f ; the balance of the market
was dull, and not strong. The closing quotations wore :
Ohio and Mississippi, 291 291; Canton Company, 533 541;
Boston Water Power, 341 35 ; Cumberland Preferred, 511
52 ; Quicksilver, 52 521 ; Mariposa, 15 151 ; Mariposa
Preferred, 341 313 ; New York Central, 1071 1071 ; Erie,
751 751 ; Hudson River, 1201 1213 ; Reading, 1161 1164 ;
Michigan Southern, 844 841; Cleveland and Pittsburgh,
87 873 ; Cleveland and Toledo, 1213 122 ; Rock Island,
11l I 1111; North-Western, 354 36 ; North-Western Pre-
ferred, 671 68 ; Fort -Wayne, 106 1061.
Money continues abundant on call, and large amounts
can be had at 4 to 5 per cent. There is no large amount of
commercial paper offering at the discount houses, and
rates aro steady. Best names pass at 5 per cent., and good
at 53 6 per cent. The bank statement shows a further in-
crease of loans, with a moderate gain in the specie line.
The deposits, legal tenders and circulation, aro all lower
than at the last return.

For bankers' sixty days' bills on London, 107} 1074, and
short sight, 1081 to 1081 f Commercial signatures, 1061
to 1071.

Tho business of tho Sub-Treasury was :—Receipts,
$4,337,836 52c.—for Customs, $601,000; Payments,
$2,586,08611c.; Balance, $95,608,850 53c. Gold notes,
$293,000.
Freights are dull. The engagements to Liverpool per
steamer are 100 bales cotton at 5-16 d, 100 tuns oil cake
155., 25 hhds. Tallow at 255. To London 800 bbls. Pe-
troleum at ss. 3d., and per steamer,23,ooo bushels. Barley
at sjd.

(From E. F Satterthwaite and Co.'s Weekly Circular,

October 10.)

The advices from Now York, by the "Asia," reach to
the 25th-ult. There was no diminution in the demand for
Government securities, and the older descriptions exhibited
an improvement of from one to two per cent., 5-20's and
10-40 Bonds remaining firm at previous quotations. In
Railroad Stocks there was increased activity, all good divi-
dend-paying lines being in request for investment. State
Stocks were also more in favour, but Railroad Mortgages
were neglected. Money continued very abundant, and gold
showed but little alteration.
OFFICIAL TRANSACTIONS FOR THE WEEK.—United States
6 per Cent. 5.20 Bonds, 1882: Thursday, 7C4 4 4 4 ;
Friday, 704 4 4 ; Saturday, 704 1 4; Monday, 704 41 ;
Tuesday, 704 1 ; Wednesday, 714 4 1 44. Virginia
5 per Cent. Sterling Bonds : Thursday,
Virginia 6 per Cent. Dollar Bonds: Thursday, ;
Friday, ; Tuesday, 44; Wednesday, —. Atlan.
and Gt. Westn. (N. Y. Sect.) Ist Mrt. Bonds, 188(
Friday, —; Tuesday, ; Wednesday, —. Atlan. and
Gt. Westn. 2nd Mrt. Bonds, 1881: Friday, —;
Monday, Atlan. and Gt. Westn. (Penns. Sect.)
2nd Mrt. Bonds, 1882: Thursday, ; Friday, 664.
Allan. and Great Western Consolidated Bonds, 1895:
Thursday, 461 ; Friday, 464 6 4 ; Saturday, 464 51 ;
Mon-lay, 45 4 ; Tuesday, 45 44451 ; Wednesday,
45 34 44. Erie Shares, 9100, all paid : Thursday, 504 1 49/ ;
Friday, 52 14 ; Saturday, 54 1 ; Monday, 504 4 49/ ;
Tuesday, 494 84 9 ; Wednesday, 481 1 9 74. Erie
Shares, 6 per cent. Convertible Bonds : Friday, 67 ;
Tuesday, ; Wednesday, —. Illinois Central 6
per Cent. Bonds of 1875: Thursday, —; Monday,
Illinois Central 7 per Cent. Bonds of 1875: Tuesday, 671;
Illinois Central Shares, all paid : Thursday,
Friday, 781 9; Saturday, 761 ; Monday, 78 ; Tues-
day, 781 ; Wednesday, 784. Philadelphia and
Erie First Mortgage, 1881: Thursday, —; Saturday, ;
Tuesday, x.d. Philadelphia and Erie First Mortgage,
1881, with option to be paid in Philadelphia : Saturday,
—. Pennsylvania Second Mort. Sterling Bonds, 1875:
Tuesday,