The Sun.
London, England, 1868-04-22 00:00:00

MINING NEWS.

THE GOLD AND SILVER PRODUCTION OF THE
PACIFIC COAST.—Tho following is a statement of
deposits and coinage at the branch Mint of the
United States, San Francisco, California, during
the year ending Dec 31, 1867 :

Gold Deposits •.• •••
Silver Deposits and Purchases

Value.
... $18,923,152 17
••• 613,117 94

Total Deposits
COINAGE EXECUTED.-GOLD.
No. of Pieces. Value.
920,750 ... $18,415,000 00
9,000 ... 90,000 00
27,000 ... 135,000 00
28,000 ... 70,000 00

... $19,536,27011

Denomination.
Double Eagles ...
Eeagles ... ...
Half Eagles ...
Quarter Eagles ...

Total ... ...

986,750 ... $18,720,000 00
SILVER. VALUE.
$1,196,000 ... $598,000 00
48,000 ... 12,000 00
140,000 ... 14,000 00,
120,000 ... 6,000 00
20 ... 20,534 92

Half Dollars
Quarter Dollars..
Dimes ...
Half Dimes
Fine Bars

Total ...

$650,534 92

$1,504,020 ...
RECAPITULATION.
986,750 ... $18,720,000 00
1,504,020 ... 650,534 92

Gold Coinago ...
Silver Coinage ...

Total

2,490,770 ... $19,370,534 92

Localities from whence the gold bullion was re•
ceived

California 55,700,871 12 Parted from
Idaho
Oregon 319,620 90 Fine Bars 10,980,791 94
Montana
Nevada 49,030 47 For. Bullion.. 47,358 42
Arizona. -
Total Gold 518,923,152 17
Localities from whence the silver bullion was re-,
ceived :

Nevada $205,618 87 Foreign Coin ... $27,597 31
Arizona 8,425 74 I Foreign Bullion 21;951 76
Idaho .. -
Parted fm Gold 69,999 56' Total 5i1ver...5613,117 94
Bars
Silver Bars, Stamped 520,534 92
Total Gold and Silver
Fine bars, Total ...
AUSTIN, NEVADA, Feb. 20th, 1868.

A case of considerable importance to the bank-
ing interest was tried recently in our District
Court. The agent of the Keystone Company of
New York, when engaged in building a large mill
here, had his drafts on the treasurer cashed by
Paxton, Thornburgh, and Co., to the extent of

$lOO,OOO. Finally, however, some of the drafts
were dishonoured, and the bankers were out
$12,000 in gold, without seeing any way of speedily
getting back the amount. In the meantime
the agents gave a company note for the debt,
and entered into an obligation that no lien of
mortgage should be put on the mill prejudicial to
the interests of the payees. Shortly afterwards,
however, a mortgage on the entire property for
$300,000, executed in favour of a party in New
York, was sent forward to be put on record in Lan-
der County. To protect themselves, Paxton, Thorn-
burgh and Co. brought suit, and sold the mill under
attachment, and the action in court was to determine
the rights of the eastern mortgagee as against
them. The decision was in favour of the bankers on
vat ions legal grounds, the strongest feature not be-
ing required in determining the case in their favour
—namely, that the New York mortgage was exe-
cuted by the officers of the company before autho-
rity for the purpose was given by the trustees, and
when given it was not male retrospective so as to
homologate their action. The case was well calcu-
lated to bring out the ability of counsel, and Mr.
John Gerber of San Francisco, who, by several
years residence, has made a brilliant name for
himself here as an able and honest lawyer, con-
ducted the case for Paxton and Co. in a most effec-
tive manner. It is worthy of note that the original
debt now amounts with interest to about $32,000
in currency.

AMERICAN MARKEI S.

(From Beldiny, Keith, and Co.'s Circular.)

Our mail advices are from New York, April 4 :—The
excitement of the Drew and Vanderbilt Railway warfare
has somewhat subsided, but is far from being settled.
The Impeachment is progressing as rapidly as could
be expected, but what will bo the result or when
the close, none can definitely predict. The money market
is. In a very unsettled state, caused in part, if not wholly,
by the operations in connection with these railway ope-
rations. So stringent has it become that interest for cur-
rency is demanded in gold at 7 per cent. on call, and in
most cases with additional commissions; against best col-
laterals, in such a state it is no wonder to find it reported,
as the New York Journal of Commerce puts it.—" At present
there is but little doing in commercial paper, and only first
class signatures are taken even at high rates of discount.
The supply of currency at this centre is 50 far reduced,
that needy borrowers feel it necessary to employ the early
hours of the day to secure the funds with which to meet
their current obligations. The lo west rates of interest for call
loans on the best securities is 7per cent.; in most cases this
rate is paid in gold. Under such a state we cannot expect
much life in trade,and our report are that,with here and there
an exception, the general markets are dull.. The excite-
ment and material rise in cotton affords a notable exception
to the pitevailing dulness. There is also rather more
vitality to the market for some other raw materials, the
result of the final adoption of the new bill relieving cer-
tain manufacturers from internal taxes. The bill yesterday
received the Executive sanction, and is to take effect on
the Ist of May. A heavy burthen is thus lifted from the
shoulders of manufactures, and we may reasonably look for
a speedy recuperation of drooping industries. What effect
this measure is likely to have on prices it is rather difficult
to foretell, though, as many goods have been selling close
down to the cost of production, and, in some instances,
even below, it is hardly probable that there will be any
wholesale line, as some seem to anticipate. It has been
urged that Government cannot spare the taxes thus to be
remitted, but that remains to be seen. We are under the
impression that Government will at least lose nothing by
the change. The fountains of revenue, which have been
largely dried up by excessive burthens, will be very apt to
flow again, thus benefiting capital, labour, and the Trea-
sury alike. We have not yet received an official copy of
the new bid, but we have in a previous issue given a gene-
ral outline of it. The rates on tobacco and whisky are
unchanged, though more stringent provisions have been
made for the collection of the tax on the last mentioned
commodity. The bill imposes a small tax of two mills on
the dollar on sales of manufactures in lieu of the five per
cent. tax now abolished ; but this tax is but 1-20th
part as heavy as that removed, and will scarcely be felt
either by the manufacturer or consumer of domestic pro-
ducts.

The crop prospects aro reported very good, the severe
season having boon a protection by way of covering for
the roots and preserving them from frosts ; while in Cali-
fornia the crops are quite advanced and reported very pro-
mising indeed, and it is expected the amount for exports
will exceed that of the past year by very much, if not
double.

The following slows the business done in exports from
there since last harvest, and when we consider that 20
years ago it was almost unknown, and that for a long time
the price of flour was at times a dollar more per lb., we
have a chftngo without precedent :—Since the incoming of
the harvest in July we have exported, in flour and wheat
combined, upwards of four million centals, or the equiva-
lent of seven million bushels of wheat, of the value of

$10,000,000 in gold. In addition to this wo have ten or
more vessels now loading, or under engagement, with an
estimated stock of wheat remaining in the interior of
600,000 sacks. Of the. above shipments we have sent to
the United Kingdom 2,250,000 ceutals, valued at $7,000,000.
The above exports were sent forward in 135 ships, of
which 115 went to Great Britain.

COMMERCIAL EPITOME.
(Front the Financial Chronicle.)

NEW Yonx, April 3, 1868.
Trade continues dull. All articles which are not, to
some extent, in favour with speculative operators, have a
very limited movement.

Hides have been quiet, the closing sale being at 21c.,
gold, for primo dry Buenos Ayres. Leather and skins
have been doing rather bettor in some grades, but are
quiet.

In Naval Stores wo have noticed more firmness in spirits
of turpentine, but the close is firm at 67c. Rosins have
been quite active—some 15,000 bbls. changing hands at
$3 25c to $3 38c for common to good strained ; but the
close is dull. Other naval stores remain quiet. In oils
crude whale sold pretty freely early in the week,
but closes
quiet ; and linseed oil has latterly been more active. Fish
are in better supply, and weak. Tallow has been firm, the
home demand absorbing the entire supply. Hay has ma-
terially declined. Hops are rather steady.
Metals have been very dull for all descriptions. East
India goods have been dull, except some early transaz.-
tions in Manila Hemp at-1010 per ib, gold, closing quiet.
Petroleum shows a large decline in crude, closing active
at 11c in bulk, and 16c. in barrels ; refined, 26c for S. W.,
in bond. Building materials are not so firm, and bricks
have declined to $8 to $lO for common per M.
Wool is quiet, and, except for pulled, prices are rather
weak.

Freights have not been active; but, with limited room
on the berth and increasing offerings, rates have slightly
improved—the Liverpool steamers getting id for cotton
and 7d for grain. A few grain charters to Cork for orders
have been done at 6s 3d to Gs 4iti ; very little going to the
Continent.

In Provisions, the continued stringency in the money
market still operates against an active trade in hog pro
ducts, and at the moment the amount of business doing is
small, and prices unsettled, though with one or two ex-
ceptions the range of figures has been considerably ad-
vanced within the past three days. Fur domestic use
there is a fair amount of stock wanted, and we notice a
growing desire on the part of shippers to purchase when-
ever goods can be obtained at rates which will save com-
missions. The receipts have lately been pretty liberal,
but the supply of desirable goods is not considered largo.
for the season, and holders appear confident. Beef has
been in large demand for shipment to Great Britain, and
India Mess is firmer. Butter has been dull. Cheese
slightly declined, leading to more business for export.
UNITED STATES SECURlTlES—Governments have sym-
pathised closely with the pressure in the money market.
There has been a steady flow of securities upon the mar-
ket, in excess of the regular investment demand ; and, but
for the purchases of Seven-Thirties by the Treasury, the
market must have yielded materially. The purchases of
the Government have averaged probably $1,000,000 per
day ; and this absorption of the surplus supply has kept
the market steady. To-day there has been active demand
from the dealers, in anticipation of a better market after
the completion of the quarterly statements of the banks,
and prices have advanced to per cent. during the day,
except in Seven-Thirties, which are kept down by the
Treasury retaining its bid for Seven-Thirties at 1052.
Bonds of the issues held abroad have ruled weak, in con-
sequence of the downward tendency in gold. Sixty-Twos
at one moment touched 109, but quickly reacted and close
at 1091.
The following were the closing quotations, April 3d,
for the variuus Public Funds of the United States in New

York:—
Sixes, 1868, registered l3Bl to 1381
Sixes, 1868, coupon ... l3B/ to 1381
Sixes, 1881, coupon lll to 111/
Five-twenties, 1862, coupon , lo9t to 1091
Five-twenties, 1864, coupon
Five-twenties, 1865, coupon .. lOB/ to 108}
Five-twenties, 1865, coupon, new
Five-twenties, 1867, coupon
_ Ten-forties, coupon lOOl to 100/
Seven-thirties, 2d series
Seven-thirties, 3d series
Oregon War Loan, Sixes, 1881