The Sun.
London, England, 1868-02-12 00:00:00

Our Money Market here continues much the same as

that reported from London—an immense amount of unem-
ployed capital, low rates of interest, and difficulty in ob-
taining accommodation, except on the best security. Four
to five per cent is the rate on Governments, five to six on
stocks, and six to seven on discounts of first-class paper.
Nor is there much prospect of immediate change, though
the spring trade may be expected to create a demand and
raise the present low figures. At Boston the rates are as
easy as at New York. Gold has been steady at about 140,
closing yesterday at 1401, having touched 140}. Only
$150,000 have been exported this week, while the Cali-
fornian steamer brought in $958,615 in bullion. The ex-
ports since the Ist July amounted to $33,498,217, against
$18,493,312 ; the imports at New York within the same
period were $17,413,017 against $26,027,368. The
Customs received at New York in gold during
that period were $60,467,133 against $68,011,505,
while the gold interest paid out was $44,530,019
against $33,436,463. The exports, exclusive of specie,
from New York for the week and year were $3,678,601
against $2,724,291, and $10,091,381 against $10,697,573.
The imports for the week were $3,587,491 against
$3,456,063 in the previous week, and $3,095,642 in the
week before that, and for the year $7,043,551 against
$11,291,547. While the exports for the six and a half
months since the Ist of July last have fallen off in currency
value only $4,665,000, as compared with the same six and a
half months last year, the imports for the same time have
fallen off $25,168,000, specie value—a decided change for
the better. In December the Pittsburg, Fort Wayne, and
Chicago Railroad earned $139,652 against $83,420, and in
1867 $2,373,114 against $2,319,531. The profits of the
Reading Railroad in 1867 were $2,840,062 against $4,164,0; 2
—a falling off of $1,324,010.
Railway Stocks are vary active, and business is large at
high(); prices, particularly in Reading, New York Central,
Erie, Cleveland and Toledo, Rock Island, and Ohio and
Mississippi. The favourite was New York Central,
which reached the highest point attained for many years
—l3l. The advance of Government Securities has been
satisfactory. The general idea is that the movement will
be upwards, and those who have money to invest are
doing so now. A letter has been published from Mr.
M'Culloch, transmitting a statement of the purchases in
1867 of Seven-thirties and the sales of United States Five-
twenties of 1865-1867, in reply to a resolution of inquiry
on the subject by the House of Representatives. On the
Ist of January, 1867, the Government's gold-bearing debt
was $1,400,490,742; January 1, 1868, it was $1,890,102,092,
showing an increase of $489,612,350 during the year, of
which $460,014,750 are accounted for by issues of new
Five-twenties. Of Seven-thirties there were outstanding
—January 1, 1867, $676,856,600 ; January 1, 1868,

V 38,268,450, making the decrease $148,580,150. Sub-
tracting this sum from the increase in Five-twenties, we
have $41,024,200, the excess in funding during 1867. The
funding of the Seven-thirties began in April, 1866, since
which time they have been decreased only 1578,745,550,
while the gold-bearing portion of the public debt has
been increased $709,865,750. In other words, instead

of an aggregate debt of $1,997,250,342, which we
had April 1, 1866, we now have $2,128,370,54'2. The
last of tho Seven-thirties fall duo in July, and
it ought not to be long before the debt shall be
so much reduced that it will be two thousand millions, all
bearing gold interest, which would then amount to
$118,000,000 annually. Among the investments now se-
lected are the Union Pacific and Central Pacific Railroad
Companies, which promise large returns. Pacific Mail
has advanced to 1111 to 1111, and steamship stocks are
active. Tyler, M'lnnes, and Co., extensive wool dealers
at Boston, have suspended with liabilities reported at
$200,000. The Now York market for dry goods is better,
showing signs of farther improvement, though foreign
goods remain stagnant. The sales of the leading dry
goods firms of New York, for the last eight months, were
as follows:—H. B. Claflin and Co., $30,700,000; A. T.
Stewart and Co., $21,300,0 )0 ; E. S. Jaffrey and Co.,
$3,900,000 ; Lathrop, Ludington, and Co., $5,000,000 ;
Anthony and Hall, $4,100,000 ; George Bliss and Co.,
$5,600,000; George A. Wickes and Co., $3,000,000; S.
B. Chittenden and Co-, $3,000,000 ; W. J. Peake and Co.,
$1,600,000; Gardner, Brewer, and Co., $4,800,000; Hoit,
Sprague, and Co., $5,200,000; Beukhard and Hutton,
$3,500,000. Cotton is at present quite steady; the re-
ceipts at all the ports in the country, last week, were 70,822
bales, making the aggregate since Sept 1, 1867, 1,025,937
against 881,851, an excess this season over last of 137,086
bales. The exports were 52,539 against 49,701, and the
total foreign exports from the United States since Sept. 1,
1867, now reach 542,161, against 376,834. The stocks at
.all the ports in this country are at present 364,074 bales
against 556,150.

(From the Wall-Street Journal.)
NEW YORK R kTES OF EXCHANGE,

Corrected by W. Aufermann, 68, Exchange-place, N.Y.
Sixty Days. Three Days
London Bankers
London, Prime Commercial lOBl-1091
Paris, Bankers
Bremen, Bankers
Hamburgh, Bankers 36 361
Frankfort, O.M. 4Ol-41
Berlin and Cologne
Antwerp 5.211-5.161
Amsterdam, Bankers
Swiss