The Sun.
London, England, 1866-07-09 00:00:00

UNITED STATES DEBT.

The official statement of the Public Debt of the United
States to the Ist June, which wo gave in our last, exhibits
some important changes, which, notwithstanding the very
largo sales of gold to meet shipments to Europe (more
than thirty-five million dollars during tho month), aro of
a highly satisfactory character.
On comparing the statements of Ist May and Ist June,
wo observe the decrease in the total amount of the entire
debt to be rather more than twenty-seven million dollars
This large decrease has arisen from the fact that, the
Treasury on selling gold to meet the export demand, has
redeemed an amount of its debt bearing interest payable
in currency to the extent of $41,000,000. The falling off
in bullion in the Treasury has been about twenty-six mil-
lions, but as thirty-five millions were sold at something
over thirty per cent. premium, the clear gain in coin from
custom receipts for the month appears to have been nine
millions beyond what was disbursed in payment of gold
interest. In currency held by the Government, the addi-
tion is rather over eighteen millions, but this is partly
counterbalanced by the increase to the gold bearing debt
(by conversion) of about ten millions.
The friendly action on the part of the United States
Government in the recent disturbances in Canada, and
the honourable manner in which all engagements have
been met, must, we think, have caused those who, during
the war, entertained and expressed distrust in American

securities to have modified their views ; indeed this is
fully proved by the increased favour with which the 5-20
Bonds are now generally regarded as a thoroughly safe
and profitable investment.

The Great Western of Canada traffic is, for week ending
June 22,5, MG, £12,122.135. Bd .au, •-•345 miles - er
£35 2s. 9d. per mile per wock. Juno 22, 1865,
£11,659 is. 10d. sterling, on 345 miles, or £33 I3s. 11d. per
mile per week.

The Grand Trunk of Canada traffic is, for week ending
June IG, 1866, £25,293 Os. Od. sterling, on 1,377 miles, or
£lB 7s. 4d. per mile per week. Juno 17, 1865,
£26,413 Os. Od. sterling, on 1,377 miles, or £l9 3s. 7d. per
mile per week.

The Detroit and Milwaukee traffic is, for week ending
Juno 21, 1866, £5,603 12s. 6d. sterling, on 189 miles, or
£29 13s. Od. per mile per week. June 21, 1865,
£6,996 2s. Gd. sterling, on 189 miles, or £37 Os. 4d. per
mile per week.

Since our last, advicos from New York have brought a
fall in gold (after touching 681) to 491,, and subsequent
rally to 52. The London market, for American secu-
rities, however, has not experienced any material altera-
tion. Eries have . been pressed for sale and touched 37,
closing to-day 37} to 38, being a reduction of half per
cent. on the week. Illinois on the contrary show an im-
provement of 11 per cont., and 5-20 Bonds upon Continen-
tal and home demand have advanced 11, closing firm at
65 to 66.

Virginia Six per Cont. Bonds have also risen two per
cent.

(There have been considerable transactions in Atlantic
and Great Western Consolidated Mortgage Bonds, and
Debentures, the low price attracting buyers.
OFFICIAL TRANSACTIONS FOR THE WEEK.—United States
6 per Cent. 5.20 Bonds, 1882: Thursday, 641 1 i -1-;
Friday, 64/ / ./ ; Saturday, 64i 51; Monday, 65/ 15 f 5 ;
Tuesday, 65f 4/ 5; Wednesday, 651 / /6. Virginia 6
per Cent. Dollarßonds: Thursday, 41; Wednesday, 41 2 1
Atlan. and Gt. Western Consolidated Bonds, 1895:
. . _ _ _ _

Thursday, 49; Friday, 481 ; Saturday, —; Monday,
47i 8 ; Tuesday, 48 ; Wednesday, 47 61. Erie Shares,
$lOO, all paid : Thursday, 37f 81 8 ; Friday, 374 71;
Saturday, 384 9 ; Monday, 381 71; Tuesday, 37 1; Wed-
nesday, 38 71 11. Illinois Central 6 per Cent. Bonds of
1875: Thursday, 811. Illinois Shares all paid : Thursday,
73 ; Friday, 73 ; Saturday, —; Monday, 74 ; Tuesday, —;
Wednesday, 741 5.