The Sun.
London, England, 1866-02-19 00:00:00

COMMERCIAL INTELLIGENCE.

NEW YORK, Feb. 7 (Morning).
Money easy—Gold, 1394. Exchange on Lon-
don, 1511 ; on Paris, 3.73. Stocks dull—New
York Centrals, 861 ; Illinois, 115 ; Erie, 76 ;
Five-twenty Bonds, 1031. Cotton steady—Mid-
dling Upland, 48. Flour dull. Wheat quiet. Corn
declining. Provisions slightly firmer. Sugar steady.
Coffee quiet. Molasses quiet. Petroleum dull—
Crude, 34 ; refined, 50.
NEW ORLEANS, Feb. s.—Cotton dull, 48.

The customs duties in gold for the month of January, at
the port of New York, reached the large sum of $12,469,865,
and judging by the reported import entries at Boston, the
additional sum of about $2,250,000 has probably been re-
ceived at that port. And at all the ports close on to
seventeen millions. The Secretary of the Treasury, it
will be remembered, estimated, for only $100,000,000, from
Ist October last to June 30th next, being for the last nine
months of the current &cal year, or an average of only
$10,110,000 per month. For the four months of this
term, the deposits for customs at the Now York office have

been, in
October 511,064,409
November
December 8,378,335
January

Total for four months

Add for other ports at least w14,000,000

Total, $14,012,802 per month, or $56,051,210

- •
The averageof the nine Months will be nearer $15,000,000
per month, without some great shock to trade not now
anticipated. The whole customs revenue for the fiscal
year we estimate at $180,000,000.
The price of gold to-day is 1391 to 140 per cent. The
California steamer arrived this morning and delivered
$953,288 in gold and silver bars and coin, for which there
is at present no export demand, owing to the falling rates
of exchange. We learn that cotton bills on England, with
shipping documents attached, have been done in New
Orleans as low as IC-1 to 1041 per cent., and similar bills
drawn in this market have been done as low as 1051 to
1061 per cent. Standard bankers, who buy these and other
merchant and Southern bank bills, are drawing at 108} per
cent.

The trade of the past week was active in the lino of
import entries and export clearances. The amount of
foreign merchandise upon which customs duties were paid
is larger than the value of the new entries ; the stock in
bond beipg reduced in preparation for the spring trade.
The Customs reach $3,226,040, which would imply that
about $6,500,000 goods had been placed on the market.
The exports of produce reach nearly five millions. The
export of bullion continues limited to the gold and silver
bars recently received from California. Tho foreign ex-
changes, even with interest advanced to 8 per cent. in
London, continue below the point at which it would cost
gold coin. The price of gold advanced
us to ship American

1 per cent. during the week on the expectation of higher
exchange and the large daily demand to pay in for cus-
toms. Tho figure is yet below 140 per cent., and the
belief that the Government will come in as a seller again
should the price advance much above that point, represses
active speculation in the gold room.
The import entries for the past week, including the dry
goods return, amount to $4,629,628, as against the total
entries of $2,965,177 same week last year. The export
clearances of domestic produce amount to $4,860,386
against $6,333,663 same week last year. The export of
specie amounts to $656,812 against $997,136 same week
last year. The customs for the week are $3,226,040. Tho
receipts of cotton, coastwise and by railroad, are 22,801
bales. The number of emigrant passengers arrived during
the week, 3,498.
New York city contributes nearly one-fifth of the entire

income of the national treasury from internal revenue.
Last year the internal revenue receipts of the Government
in this city were $37,156,412, against $18,242,773 in 1864,
and $7,911,105 in 1863; showing an enormous increase,
due, in part, to the amended law, but chiefly to the vastly
increased efficiency of the collection system, and the
thoroughness with which the law is now enforced by the
revenue agents, collectors, assessors, &c., under the vigi-
lant supervision of the chief of the Internal Revenue
Bureau.

The total amount of internal revenue collected in New
York since the formal inauguration of the system (Oct.,
1862), is $64,222,056, of which amount $37,156,412 were
collected in the single calendar year of 1865. In the cur-
rent year it is confidently anticipated that the revenue of
the Government from this city alone will approximate
fifty million dollars, or equal to considerably over a
sixth of the aggregate income of the national treasury from
this source, throughout the country, as estimated by Secre-
tary 31Culloch, in his last annual report.

On Wall-street the rate of money to the brokers on call
was 6 per cent. as the rule, with exceptions at 5 per cent.
on Government collateral. There is a demand for prime
merchant paper at 7 per cent. There is a general good
feeling among money lenders, both private and corporate,
and confidence is improving as to the prospects of the
spring trade. The preparations making by importers and
jobbers, and by the domestic commission houses, continue
on a liberal scale. To-day the customs duties on foreign
goods passing into the market amount to $656,000. The
total at this port in January will be in the close neigh-
bourhood of twelve millions.

COTTON—Is in good demand at buoyant prices. Mid-
dlings, 48c to 50c per lb. Sales and resales since our last
4,100 bales. The receipts at this port during the current
week have been 22,801 bales, making 76,473 bales since
Jan. 1, 1866, and 519,856 bales since the commencement of
the current Cotton year, September 1, 1865. The exports
from the port since Tuesday last have been 2,313 bales:;
since January 1, 1866 43,084 bales ; and since Septem-
ber 1, 1865, 223,153 bales. The week's operations in
this market Messrs. Cornwall and Jerega notice
thus :—" Our market for the week has been dull and
heavy, with a decided decline from the prices of last
week. The advices received on Saturday by the Nova
Scotia and Asia, from Liverpool, being unexpectedly un-
favourable, shook the faith of holders and operators in
cotton, and prices at once ruled in favour of buyers. Fur-
ther unfavourable advices received on Thursday by the
Hibernia had the effect still more to depress the market,
buyers demanding a concession of two to three cents per
pound, which holders are hardly prepared to grant. There
is, however, a good amount of cotton offering, and an in-
creasing disposition on the part of holders to realise,
the faith in future high prices growing decidedly
weaker. The transactions are confined almost exclu-
sively to exporters and speculators, the demand from
spinners being very light.
DRY Goons.—The Dry Goods Exchange report to-day
is as follows : Jobbers' prices : brown sheetings—Atlantic
A, 31c ; Atlantic D, 28c ; Atlantic E, 25c ; Great Falls M,
25c ; Great Falls S, 23c. Bleached sheetings—Wamsutta,
45c; James 36-inch, 3lic ; James 33-inch, 27c; James
31-inch, 25c ; Greene Manufacturing Co., 25c ; Canoe, 19c.
Prints—Merrimack W, 25c; Merrimack D, 24c; Sprague,
224 c; Hamilton, 22ic ; Arnold, 191 c. Delaines—Hamil-
ton Woollen Company, 29c ; Hamilton Manufacturing
Company, 25c. Ginghams—Lancaster, 29c; Glasgow,
27c. Cambrics—Washington, 23c ; Maaville. 22c. Se-
lecias —lndian Orchard, 321 c ; Lonsdale, 321 c ; Corset
Jeans—Naumkeag, 33c. ; Naumkeag Satteen, 361 c. Can-
ton Flannels—Naumkeag, 35c; Nashua, 30c. Ticks—
Methuen A A, 621 c; Hamilton, 55c; Hamilton D,
Stripes—Whittendon A, 40c; Whittendon 88, 30c. De-
nims—York, 52c ; New York, 40c. Hoop Skirts—Brad_
ley's Duplex Eliptic, 20 to 50 hoops, 87ic to $1 05c; Em-
press Trail, $1 25c ; Meyers' I X Lin good inquiryat former
prices. The following despatches were received at the
Dry Goods Exchange to-day :—St. Louis—Trade is rather
quiet ; buyers all afraid of the present high prices.
Louisville—Goods in better demand ; trade improved.
Cincinnati— Market unchanged ; demand light ; there are
no movements of any consequence. Chicago—Nothing
new to report ; trade fair for the season ; stocks generally
well assorted.

WOOL-Has been rather less sought after since our last.
The finer grades have not been freely offered and have
been firm. Inferior and common qualities have been
pressed for sale, and have been heavy in price. We quote
domestic thus :-New York, Michigan, and Indiana
Fleece-Saxony Fleece, 64c to 68c ; three-quarters
and full-blood Merino fleece, 60c to 63c ; half-blood
fleece, 60c to 62c ; native and quarter-blood fleece,
50c to 53c ; common fleece, 45c. to 48c. Ohio, Pennsyl-
vania, and Virginia - Choice selected Saxony fleece, 75c to
78c ; Saxony fleece, 70c to 75c ; three-quarter and full-
blood Merino fleece, 65c to 70c; half-blood fleece, 62e, to
65c; native and quarter-blood fleece, 52c. to 55c. ; com-
mon fleece, 48c. to 50c ; tub washed, 60c. to 66c. Wiscon-
sin, lowa, Vermont, and Illinois-Three-quarter and full-
blood Merino fleece, 55c to 60c ; half-blood fleece, 54c. to
58c; native and quarter-blood fleece, 50c to 52c per lb.
Missouri, Kentucky, and Tennessee-Washed fleece, 50c
to 60c ; unwashed fleece, 35c to 40c ; Canada fleece, 55c.
to 72c per lb. Putted Wool-New York City extra pulled,
60c to 65c ; New York City super pulled, 55c to 60c ; New
York City No. 1 pulled, 35c to 40c ; lambs, 45c to 50c;
Western pulled, 45c to f,sc; choice country picklock pulled,
70c to 75c ; Country extra pulled, 62c to 67c ; Country
super pulled, 58c to 63c ; country No. 1 pulled, 35c to 45c ;
Canada pulled, 40c to 65c per lb. California-California
unwashed fleeces, iu grades, 25c to 42c; California washed
pulled, 40e to 57e ; California common washed pulled, 20c
to 32c.; California Fall Clip, in grades, 22c to 40c per lb.
Them- Is quiet at former prices. We are indebted to
Messrs. Eugene O'Sullivan and Co. for the followinc,
statement of the stock of rice on Land February 1,180 e:
23,004 bags cleaned East India rice, against 25,432 bags
cleaned East India, 13,190 bags uncleaned East India, and
17,086 mats uncleaned East India the same time last year.
SUGARS -Are quiet at former rates. Sales since our last
340 bhds., including Cuba, &c., part at from 11c to 121 c
per lb. We quote-Fair to good grocers' at llic to 12c;
do. do. refining, at 10ic to lqc per lb. Reduced sugars
are inactive. We quote-14c to 17jc per lb.
TALLOW.-Sales to-day reach 104,000 lbs., at 12-ic to
12ic, and 27,500 lbs. Grease at 12c to 123 c per lb.
WiiisKY-Continues quite nominal, at $2 25 to $2 2G
per gallon.

(From Messrs. E. F. Satterthwaite and Co.'s Weekly Circular,
February 14.)

The "Asia" brought our usual advices from New York
to the 30th January. They report a fair demand for Govern-
ment securities, with but few offering ; notwithstanding
which, however, 5.20 and 10.40 Bonds show a slight de-
cline from the previous week, partly owing to the receipt
of advices of lower prices on this side ; the older descrip-
tions of Government Bonds, however, exhibit an advance
of about $l. In Railroad Stocks the market was uncertain
and fluctuating, being chiefly in the hands of professional
operators. On the week we note a decline of $4 in Illinois
and Erie ; $l. iu Hudson River and Michigan Central ;
while New York Central has improved $1 on the announce-
ment of the dividend of three per cent. The lower quota-
tions of most shares did not appear to induce general buy-
ing, the continued falling off in the weekly traffics of the
Western lines, owing to the non-transmission of cereals
and provisions deterring investors from coming forward.
In State Stocks there has been more activity, but the
latest quotations indicate a• fall in Virginian Sixes of $5
and in North Carolina of $3.

Money was abundant on good securities at 6 per cent.
Gold has been up to 1401, closing 140.
The Report of the Special Commission appointed to en-
quire into the revenue system had been published ; it is
most elaborate in its details, and the views expressed are
said to meet with the concurrence of Mr. McCulloch, the
Secretary of the Treasury.
Via " Cr ookhav en " we have received the following quo-
tations, being to the 3rd inst

United States 5.20's lO3 1 Erie Common 771
Illinois Central ll5 I Gold 140 i

DIVIDENDS.
Long Island 5 p. et., free of tax, payable Feb. 26,
New York Central 3 do. do. do. do. 20.

Numerous inquiries have been made of us as to the de-
cision of Chief Justice Chase, that foreign holders of
American securities would be entitled to exemption from
United States Income tax. We applied to our correspon-
dents in New York for information on the subject, and
have received the following reply :

... _ .
" The decision in regard to the exemption of Foreign
Stock and Bondholders from United States Income Tax
is by no means final, but is liable to appeal, reversion, and
reaffirmation before it becomes established law."
ERRATII/4.—ln our circular of the 31st ultimo, we gave
the official returns of the amount of gold received for
customs, and paid for interest since the Ist July last.
The receipts amounted to $70,159,033, and the payments to
$27A27,673. By a typographical oversight, the first figure
was omitted, so that the surplus will be about forty-two,
instead of sixty-two million dollars.
In the London market for American securities during
the pist week United States 5.20 Bonds have been well
sustained, the closing quotation-671 toll, showing a slight
advance, but both Illinois and Erie Shares, on considerable
provincial sales, have given way, the former, after having
been sold down to 744, have reacted to 74i to 75i. Eries
were at one time as low as 51, but from this point have
improved to 524 to 1.,.
Nearly all the securities of the Atlantic and Great