The Sun.
London, England, 1866-06-18 00:00:00

COMMERCIAL INTELLIGENCE.

To-day the stock bonds and the mining and petroleum
exchanges are closed, as a mark of respect to the memory_
of General Scott. During the past week the continued
exportation of gold has caused an advance in its price—
the latest quotations yesterday being 141. The Money
market shows increased ease, the rate for call loans being
six per cent., with exceptional cases of five per cent. on
Government securities. In foreign exchange the quota-
tions were 1091 to for bankers' bills on England at sixty
days, and 1101 to 111 at three days. Bills on Amsterdam
are nominal to 42 to 1, on Hamburg 86 to
sixt days
to 37i, on Frank-
fort
W, at
421 to }, on Breinen 80 to
on P
to 5.081, for Prussian
5.13 to 5.111, three days 5.07
an
i y
Thalers 731 to 71:

- -
The Stock Market has been firm, \yin' a
$
ein2cocotauy
dency, and speculative. Tho New York Central kn.
perp.-3tually the new lino of railway from scha has leased
Athens on the Hudson river, tho terms being to
00 per
annum, equivalent to 6 per cent. on $2,000,000.
per
York Herald reports that at the
eld meeting of the directe2sew of
the Erie Railway Company, h on Wednesday, its float-
ingf debt was stated to be $1,500,000. In addition to this
the company is understood to be indebted to one of its
directors, a well-known Wall-street speculator, to the ex-
tent of two millions. It is represented that tho company
recently made an arrangement with the latter, under which
it re-hypothecated the fourteen thousand shares of com-
mon stock withdrawn from him when the lien was paid
off upon the occasion of the company negotiating its
last loan in London. These added to the fourteen thou-
sand shares previously in his possession leaves him the
custodian of the original twenty-eight thousand shares;
in addition to which he is said to hold convertible bonds
as security for the two millions advanced. The general

impression is that the whole or a part of the stock thus
hypothecated has been thrown upon the market. There
has, however, been no over issue of stock. The company,
it is estimated, has expended for materials and supplies
during the past year three millions and a half, to which it
adds from the construction account two millions and a half
making a total of six millions disbursed during the year.
The company owes it to its own reputation to publish a
statement of its affairs at the present juncture, when Wall-
street is full of scandalous reports regarding its man-
agement. Nothing should be left to inference that can
be satisfactorily explained where the inferences are so
damaging.
On Thursday the Sub-Treasury of New York redeemed
$10,000,000 of the one year certificates for June, July, and
August, upon which interest has now ceased. The
monthly statement of the New York Sub-Treasury for the
month of May shows a balance of 585,526,464 at the end
of the month, against $88,080,555 at the beginning-

- -
The following were the latest quotations on Thurs-

U.S. G's, 1867, 1251 ; U.S. 6's, 1881, con., 1094; U.S. G's
5-20, 1862, c., 102 1-3 ; U.S. 6's 5-20, c, 1865, 102,1 ; Ten-
nessee 6's, 901 ; Missouri 6's, 771; Trn. 7 3-10, 2d s., 1024 ;
Trn. 7 3-10, 3d s., 1021; Del., L. and W., Ist in., 101;
Reading, 1094 to 11 ; Michigan Southern, 801 ; Cleveland
and Pittsburg, 8-14 ; Rock Island, 931 ; North-Western,
281—preferred, 581; Fort Wayne, 974 to 4. Ohio and
Mississippi Certificates, 284 to 4 ; Canton, 61 to 1; Cum-
berland, 454; Quicksilver, 511 ; Western Union Tele-
graph, 604. Afterwards the market ,remained dull
but firm, and at hall-past five New York Central was
quoted at 981 to 4 ; Erie, 614 to 1 ; Reading, 1094 to 4 ;
Michigan Southern, 804 to 4 ; Cleveland and Pittsburg,
81 to 1: North-western, 281 to 4—preferred, 581 to 4 ;
Fort Wayne, 974 to -4; Canton, 61 to 1.

;Prom L. P. Morton and Co's. Circular, New Fork, June
2, 1866.)

Per Steamer "City of Boston."—Tho monetary arrange-
ments, alluded to in our last advices, have subsided, and
the loan market is again comparatively easy. The Treasury
has disbursed several millions of currency in the redemp-
tion of Certificates of Indebtedness, which has compensated
for the late large withdrawal from the banks in payment
for gold sold by the Government. On call loans, the rate
is generally 6 per cent. ; prime paper finds ready currency
at 5} to 61 per cent.
Five-twenties have shown increased firmness, under a
demand from investors and from parties who had sold on
options in anticipation of the return of further amounts
from Europe. Tho price has advanced from 1011 to 1024,
and closed at the latter quotation. No amount of bonds
of importance returned from Europe have been offered
during the week.
In the Stock market there has been a strong reaction
from the depression of last week, and prices have advanced
materially under speculative operations. Owing to mat-
ters connected with the management of the Company, the
Stock of the Erie Road has declined, from our last quota-
tions 10 per cent. The Board have authorised a loan
with one of the Directors for $1,700,000, for a period of
two years, upon $3,000,000 of the convertible Bonds of
the Company as collateral. The lender stipulates for the
right to convert the Bonds into common Stock at discre-
tion, and is to be freo to use either upon the market. It
has also transpired that the Company lately borrowed a
further amount from Mr. Drew, depositing the 14,000 shares
returned upon the liquidation of a portion of his loan
some months ago. The total floating debt of the Com-
pany is reported as $3,500,000. These negotiations have
affected the stock unfavourably. There has been a re-
covery from the extreme decline of 57k, and the price was
' quoted yesterday at 61k to 614. Illinois Central has fluc-
tuated between 118 and 120, and closed on Thursday, at
118 to 1184. Yesterday there was a suspension of busi-
ness on all tbo markets, in respect to the memory of the
deceased Lieutenant General Scott.

State Stocks have been more active, but at lower prices.
The last quotations for Tennessee 6's was 901; for Mis-
souri 6's, 77 ; for Virginia 6's, 65 to 66 ; and for North
Carolina 6's, 821 to 821.
Gold has been steady at the advance established last
week. The export demand has been to the extent of about
six millions. The purchases for to-day's shipments caused
yesterday an advance to 141, after which the price slightly
re-acted, closing at 1401. The exports to Europe by Wed-
nesday's steamers aggregated $3,191,400.
In Foreign exchange the bulk of transactions has been
in Sight Bills, the rates being a fraction higher than last
week. Bankers' Sixty Days' Sterling Bills were quoted
yesterday 1091 to 1091; Sight do., 110+ to 111. Bankers'
Bills on Paris, sixty days, 5.114: do., short date, 5.07+ to
5.061.
There has been a slight downward re-action in the Cot-
ton market ; partially owing to the dulLess of the staple
at Liverpool, and partly from the inability of manufac-
turers to sell cotton goods at the advance of last week. On
Thursday; the market closed at 37 to 37+ for Mid. Upland.
The receipts at this port continuo comparatively light.
The arrivals at all the ports, reported here for the week
ending May 29th, were 20,000 bales, against 19,000 for the
preceding week ; the exports for the same period were
20,000 bales, an increase upon the preceding week of
1,000 bales.—L. P. MORTON and Co., Bankers, 35, Wall-
street.

48 71 8V; Friday, 48; Saturday, 481; Monday, 50 481 ;
Taesetay, 49/ 50 ; Wednesday, 491 50. Erie Shares, $lOO,
all vaid : Thursday, 421; Friday, 40 1; Saturday,
411:1 Monday, 401 1; Tuesday, 41; Wednesday, 401 1.
Illinois Central Shares, all paid: Friday, 75 ; Saturday
74; Monday, 751 ; Tuesday, 751 ; Wednesday, 75 1.