The Sun.
London, England, 1868-02-04 00:00:00

NEW YORK MARKETS.

(From the Correspondent of Anglo-American Times.
Money is accumulating in our market owing to the de
pression of business, and rates are growing easier. Six
per cent. on Stocks; five per cont. on Governments; and
bills are discounted from six to seven. Pending the de-
mand of the spring trade the superabundance is only
readily loaned on short dates. The supply at Boston is
greater than known for many years. At Cincinnati the
rates grow easier in spite of the failures that have occur-
red ; but at Chicago loans continua at 10 per cont., only
first-class paper finding accommodation. On the Western
sea-board the -story is the same as on our side ; money being
unusually plentiful at San Francisco. There is no State
of the Union so prosperous as California. The failures of
the wheat crop of previous yearsin the Atlantic and prairie
States have told favourably for the farm products of Cali-
fornia, where the yield had been unusually large.
The high price obtained and the enormous amount of the
wheat crop of the last two years have made farming more
remunerative than mining, and the export of cereals is far
in excess of the value of the gold product. The specula-
tors in gold have had quite a nice time. Never since the
war have the fluctuations been so great, or the transac-
tions in the Gold-room so enormous. Up to Wednesday
the tendency was to higher prices. On the opening of the
year the quotation was 1331, and on Tuesday it touched
1421. Sometimes the fluctuations have equalled 3 and 4
per cent. a day, and business has been done averaging more
than $100,000,000. The tendency is terribly demoraliz-
ing, large sums being lost within a few hours. It turns
the Gold-room into a " hell," filled with shouting gam-
blers, and the excitement spreads from Wall-Street, to S tate-
S treet, Boston, Third-Street, Philadelphia, to wherever large
monetary transactions are carried on. The accounts lately
given of the scene on the Paris Bourse during the panic
of war has been enacted at these centres for a week.
While General Grant is quietly smoking his cigar his
movements and his intentions are eagerly discussed, and
all sorts of absurd rumours circulated. So, with the Pre-
sident ; and all thie, unsettles values which are influenced
by the price of gold, disturbs the small balance of trade
that remains, and turns transactions in foreign goods into
gambling. The last steamer from Aspinwall brought
$991,264. In the early part of the week the markets ad-
vanced •in stocks and shares ; but on Wednesday and
Thursday there was a change, on rumours, that the rail-
roads of New York would be affected unfavourably by
some measures in the Legislature. This brought them
down, but it is allowed that Mr. Vanderbilt is managing
with great skill and effect, and cutting down the
New tork Central expenditure. More combinations
are discussed, among which are the New York
and New Haven Railway, which the committee de-
sires to get into his hands, and an arrangement between
the New York Central and the Erie and the Pennsylvania
Central, by which the stockholders will benefit materially
at the expense of the public. All baggage on the New
York Central above 1001bs. should be paid for as first-class
freight, and passes will henceforth be refused to persons
sending freight over the lines. Government Securities
have advanced steadily with the rise in the price of gold.
The Associated Express Companies have elected as their
Board of Control—C. Spooner, of Ihe Adams Company ;
James C. Fargo, of the American ; A. H. Barney, of the
United States; and W. H. Seward, jun., Merchants' Union
with A. Gaither, of Cincinnati, as the president of the
board. Mr. Gaither has been for many years superinten-
dent of the western division of the Adams Express, and is
admitted to be at the head of his business, and an able
railroad manager. The stocks of these companies were
yesterday quoted as follows :—Adams, 771 to 78 ; Ameri-
can, 74} to 75; United States, 771 to 78; Wells, Fargo,
and Co., 461 to 461 ; Merchants' Unfon ($35 paid) 371;
o 374.
It is officially announced that the Bonds of the United
States, issued under act of Congress for the Union Pacific,
are as follow :

Union Pacific Railroad 53,160,000
Union Pacific, Eastern division 4,880,000
Atchison and Pike's Pike branch 640,000
Western Pacific 320,000
Central branch, Union Pacific
Central Pacific

Aggregate $20,714,000
American silver sells at 51- to 6i cents below gold, and
Mexican dollars are quoted at 1021 to 103 in gold. Petro-
leum stocks have been active, but United States and
Buchanan Farm have lately declined in price. Mining
stooks are dull. The lion, York Alining Stock Board have

rescinded the rule requiring $5OO to be paid on a new
stock placed on List. The intention was to check !‘ bogus
mines, but the effect has been the reverse, as none so
readily pay to fee as the greatest swindler of the lot.
The exports, exclusive of specie, from New York
during the week and year were $3,912,546 and
$6,412,780 against $4,256,658 and $7,973,282—t0ta
since July 1, $93,642,619 against $98,308,261. The
foreign imports for the week and year at the same port
were $3,456,063 and $6,551,705 against $7,062 192 and
$11,202,266 ; total since July 1, $120,873,454 against
$146,041,548. The internal revenue receipts of Saturday
were $b90,632, of the week $7,744,307, and the aggregate
for the fiscal year, since July 1, $107,579,775. The amount
of national bank notes issued during the week was
$150,15C, making -the total issue $305,711,081, of which
there is now in circulation $299,488,916. During the week,
$590,500 was issued in fractional currency, and the total
shipments to the various United States depositories and
sub-treasuries were $1,294,514. There is no change to
report in the geceralmarkets. Dry goods, cottons, and wool-
lens, remain much the same. Foreign goods continue flat.
Flour grain and provision's went up, but are now going
down. Uold closed yesterday at 138-i, having touched
1391.

(From the Wall-Street Journal.)

The following were tire closing quotations this evening
for the various Public Funds of the United States: - Sixes,
1868, registered, 138 to 3.3 E ; Sixes, 1868, coupon, 1344 to
1341; Sixes, 1881, coupon, 109/ to 109 k ; Five-twenties,
1862, eon, on, 1091 to 1091 ; Five-twenties, 1861, coupon,
107 to 107/ ; Five-twentiithi, 1865, coupon, 108 to 108/ ;
Five-twenties, 1865, coupon, new, 1051 to 1051 ; Five-
twenties, 1867, coupon, 1051. to 1051; Ten-forties, coupon,
102/ to 102 k ; Seven -thirties, 2d series, 105 k to 1051 ;
Seven-thirties, 3d series 105 to 1051.
The following are the Railroad Mortgages :-N. Y.
Central 6s, 1883, 92 ; do. 1887, 91; do. R. Est, 87 ; do,
Sub'n, 87 ; do. 6s, 1876, 1024 ; do. con. 76, 122 ; do. '65-76,
1171; Erie Ist mort., 1867., 1021; do. 7s, 2d mort., 1879,
1021; do. 3d mort., 1883, 98 ; do. 4th mort., 1880, 90 ;
do. sth mort., 1888, 89 ; Long Dock Bond, 97 ; Buff. N .
Y. and E. Ist M. '77, 91; Ilud. R. 7s, Ist M., 1869, 1021;
do. cony., 1867 ; Harlem 3d mort., '6B, 100 ; Mich C. 8 per
cent., '69 '72, 107 k ; do. new Ist M. Bs, 'B2, 110 ; do. So.
7 p. ct., 2d M., 92 ; N. Ind. Goshen Line, '6B, 90 ; Mich.
S. and N.I.S. F'd, 7 p. ct., 98* ; 111. Cen., 7 p. ct. 1870, 118;
Alton and T. H. Ist M., 93; do. 2d pfd, 85; do. M. Inc., 751 ;
Chi. and N. West, S. F, 98 ; do. In't B, 88 ; do. Ex'n B,
85 ; do. Ist M, 86 ; Del. Lack. and West'n Bds, 97 ; Tol.
and Wab. Ist M, 901; Gt.. Western 2d M. '93, 69 ; Mil. and
Pr. du Ch. Ist M, 95 ; Gad. and Chic. Ext., 100 ; do. and
2d M, 97 ; Chi. and R. I. Ist M, 103 ; Cleve. and Tol.
S. Fund, 100 ; N. J. Central 2d mort., 101; Pitts., Ft. W.,
and Ch. Ist M, 102 ; do. do. 2d M, 984 ; do. do. 3d M, 88 ;
Cleve. and Pitts. 2d M, 97 ; Chic. and Alton, S. F. Inc., 924;
do. do. S. F. Ist M, 1021; Mil. and St. Paul 2d M, 83;
Marietta and Cin. Ist M, 85 ; Joilet and Chic. let M, 1001 ;
Chi. and Gt. East'n Ist M, 67 ; N. Y. and N. H. 6s,
96 ; and Dubuque and S. City, Ist M, 821.
The following for the Railroad and Miscellaneous
Stocks : -N. Y. Central, 1231 ; Erie, 75 ; Hudson, 139 ;
Reading, 924 ; Mich. Southern and N. I. 871 ; Illinois
Central, 1311;; Cleveland and Pittsburg, 944 ; North-
west, at ; North-west Preferred, 72k ; Canton, 521 ;
Rock Island, 961; Cleveland and Toledo, 1034; Fort
Wayne, 1001; Pacific Mail, 1081; Atlantic Mail, 103 ;
Quicksilver, 24/ ; W. U. Telegraph, 374 ; Mariposa Pre-
ferred, 141; Ohio and Miss. Certificates, 298 ; Boston
Water Power, 19 ; Cumberland, 351.
New York City Bank Stocks : -Merchants, 113 ; Ame-
rica, 135 ; City,.l9o ; New York, 1311; Manhattan, 130 ;
Mechanics', 115 ; Union, 113 ; Phenix, 101 ; Tradesmen's
127 ; National, 108 ; Merchants' Exchange, 115 ; Seventh
, Ward, 110; State of New York, 1061; Commerce, 1161;
Ocean, 100 ; American Exchange, 114 ; Bank of the Re-
public, 112 ; Bank of North America, 101 ; Eleventh
Ward, 110 ; Mercantile, 118 ; Fulton, 156 ; Mecha-
nics' Association, 110 ; Broadway, 239 ; Hanover, 108 ;
Irving, 1051; Metropolitan, 126 ; People's, 135 ; Market
110 ; Nassau, 105 ; Shoe and Leather, 109 ; Corn Ex-
change, 122; Continental, 1001; St. Nicholas, 1061 ; Com-
monwealth, 104 ; Importers and Traders', 115 ; Central
National, 103; Fourth National, 104; Ninth National,
102 ; Park, 141; Leather Manufacturers, -; Oriental
Bank, 135.