The Sun.
London, England, 1864-05-06 00:00:00

HONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.

A good inquiry for money is still experienced in
the general discount market, bat the rate required
for first-class paper is not more than equal to the
Bank of England minimum. Tne demand appears
to be stimulated by provincial capitalists, who,
through the activity of trade at all the principal
seats of industry, are in need of accommodation for
continuing commercial operations which have lat-
terly much increased.

The alterations shown in the Bank of England
return for the past week have not taken the public
by surprise, as they were foreseen by the sudden and
repeated movements in the minimum rate for dis-
count. The bullion has been recites i, and a large
falling off has also taken place in the reserve of
notes. The other securities have been very con-
siderably increased. Subjoined is our usual
analysis :

Active Circulation ..
Increase .• ..
Bullion .. • • ..
Decrease .. ..
Rest •• .• ..
Increase ..
- ••
Public Deposits ••
Increase .. ..
Other Deposits.. ..
Decrease
.._, .. ..

.. £21,484,250
.. 528,016
.. 12,454,244
.. 113,632
.. 3,218,844
12,036
.. 6,931,132
.• 763,167
.. 12,278,903
341,133

Seven Day and other Bills .. .. 561,542
Increase .. 33,175
Government Securities .. 11,072,267
Increase 50,000
Other Securities .. 20,901,160
Increase .. 1,058,792
Notes Unemployed .. 4,944,180
Decrease 576,120
A farther supply of bar gold, amounting to
£27,000, was taken into the Bank yesterday.
The directors of the Cape (Eastern Province)
Railway Company have recommended the return to
the scripholders of is. per share, leaving a balance
in hand, euffio,iefit to protect the company's interests
whenever an opportunity occurs to tender for the
construction of the line, new surveys having been
authorised by the Government.

During the last few days the dealings in the
Foreign and Colonial Produce Markets have been
very much restricted, consequent upon the advance
in the value of money. At the public sales of tea
rather lower prices have been established, while
sugar, coffee, cocoa, and rice have each been in very
limited request at barely previous rates. In tallow,
however, there has been rather more business at
slightly enhanced prices for both present and for-
ward delivery. The public sales of colonial wool
have commenced with a full attendance of both
home and foreign dealers, and prices generally are
equal to those current at the close of the previous
auctions.

The shares of the Bonelli Telegraph Company
'were in demand today at 11, and closed at 2 prem.

Two o'CLocx.
At Paris this morning, according to Renter's
telegram, the Three per Cent. Rentes were 66f. 45c,
Flat.

The market for the English Funds continues
much depressed, consequent upon sales, and the un-
favourable feeling respecting politics, At one time
this morning a decline of fully I. per cent. occurred,
but part of this loss has been recovered, and Consols
are now 901 4 for money, and 894 (less the half
year's interest) for the account, The New Threes
and Reduced Annuities are 881 e ; Annuities, 1885,
14 7-16 4; Exchequer Bills, for March, los, Bs.
dis., and 9s. 4s. dis.; India 6 per Cents., 1041 1;
and Bonds, 15s. dis.

Foreign Securities have continued dull, and prices
have further declined. Turkish 6 per Cents., 1862,
have receded to 70 I ; ditto Conso'idea, to 49! 50;
Mexican to 421 ; do., New Scrip, is 1i 4 die.;
Greek have declined to 21: 9 ; Spanish Passive to
33: N ; the Confederate Loan to 60 62; the Russian
to lt prem.; and the Swedish to f 1 prem.
Business in the Railway Share Market has con-

tinued very inactive, and prices in several instances
. show a further decline. London and Brighton
have receded .1,1 10s, ; London, Chatham, and
Dover, £1; and North Eastern (Berwick), and
lanca.shire and Yorkshire, 55.; while Great Eastern
have improved bs. ; and Metropolitan, 15s.
The Foreign and Colonial lines remain without
change of importance.
Bank and Miscellaneous Shares are in some
instances rather flatter.
The following are the current quotations of some
of the principal new projects:—North Australian
Company, * 11 preen. ; Sabloniere Hotel, * 11
Prem.; Telegraph Construction, / 1/ prem.; In-
ternational Contract, dis. / prem. ; International
Land Credit, if 2 prem. ; Provincial Banking
Corporation, / 1 prem.; Scottish and Universal
Finance Bank, 1* 2 prem.; City Offices, 4 / prem. ;
Imperial Bank of China,l 1/ prem. ; Millwall Iron
Works, 1* 4 prem.; Humber iron Works, / 1/
prem.; and Thames Irun Works, 2/ / prem.

BRITISH FUNDS—ONE O'CLOCK.
4'OYEILN3IENT FUNDS.
3 Per Cent. Consols
i ',Ditto Account, May 8
per Cent. Reduced
New 3 per Cent . BBi i
brew 2i per Cent. Jan. 1:891. .
Ditto 6 per Cent., Jan. 1873 —
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 3'J yrs, expire sth April, 1885 l4 7-16 4
Ditto (Red Sea Telegraph), Aug. 1908 77 _ _

March. June.
Flchecir.er Bills, £l,OOO, 21 & 3 per Cent. 8 8 4
Di a° £5OO ..
D itto £lOO and £2OO
'atft.: England Stk, 4}
per Ct.
Ditto Account.
4,
110.i;Da IYIILN GOVRRNMENT SECURITIES.
Stock, 101 per April 1874 219
Ditto 5 per Cent. July, 1870
Ditto Account
Ditto 4 per Cent. Oct, 1888 —
Do Certificates
Ditto Enfaced Paper, 4 per Cent —
Ditto 5 per Cent., Jan. 1872 ..
Ditto 51 per Cent., May, 1879 —
Ditto Debentures, 4 per Ct., April 1861
Ditto ditto Aug., 1866
Ditto Bonds £l,OOO
Ditto under £l,000
FOREIGN FUNDS—ONE O'CLOCK.
Austrian Bonds, 5 per Cent —
Ditto
'Brazilian 5 per Cent.lBs9
Ditto 41 per Cent., 1852-58-60
Ditto 1863 B5
Egyptian 7
per Cetit lolf 100,, Ditto, Second Issue
Greek 5 per Cent., 1824-6, ex-Coupons..
Ditto. Account22l 1i 2
Ditty) Cer,pous —
Ditto A ccount
Cuatomjala 5 per Cent.
Dittc„ 1839 and 1859 .. —
Radial,. 5 per Cent. plarernmana Railway;
Alexi' oan 3 per Cent ....
Dt.tto Account
Pe' uvian 41 per Cent
I.oitto Account.... -_, ....... ~ ..)
Ditto 3 per Cent. (Uribarren)
Ditto 41 per Cent., 1862
Ditto Account B5 4/
IPortuguese 3 per Cent., 1853
Ditto Account —
Ditto 3 per Cent., 1856, '7, '9, '6O, 62,'3
Dit'co Account
Ditto Scrip (1863) £3O paid • • Pm
Russian 5 per Cent., 1822, £ St B6
Ditto 41 per Cent. 1850 ..
Ditto S per Cent 1858
l?itto 5 per Cent, 1862
'Sardinian 5 per Cent .............. —
Ditto Account
Spanish 3 per Cent
Ditto Account
Ditto New Deferred
Ditto Account
DiWo Passive
Ditto Account
Spanish Cert. of Coup not funded . —_ _ .
Ditto Account ..
ivedish, 4 per Cent. —
T'arkish 6 per Cent. 1851 —
Ditto Account
Ditto 6 per Cent. 1858
I)itto Account 6Bl 8
Ditto, £lOO Bonds —
Ditto 6 per Cent. 1862
Ditto Account
,Ditto £lOO Bonds 7Ol
Ditto 1863
Ditto Guaratteed, 4 per Ccnt. 991
Venezneia 3 per Cent.
.Ditto Account —
Ditto 6 per Cent., 1562
Ditto Account.~,
Ditto 14 per Cent
Dividends on the above payable in Loud a.
Austrian, 5 per Cent,. Ex. 10 Florins. ---
Belgian 41 per Cent., Ex. 25f —
Dutch 21 per Cent., Ex. 12 Guil —
Ditto 4 per Cent. Certificates
Italian, 5 per Cent., 1861, Ex. 25 francs —
Ditto Account ......... 66;
TWO O'CLOCK.
Consols Money
Ditto Account .. •• ~ 894 x d

BRITISH POSSESSIONS.
ihart Closing
Railways Paid. Price. Business don(
100 -Atlantic &St Lawrene, all 08 60
skj Born.,Baroda&.Cent Inc la: 104 1034 102 11
( Gu. 5 per cent.
20 Do. New . ...... 8
20 Do. E. Shares
zO4 Buffalo and Laxe Huron ali '.l Bk
10 Do. Preference all 81 9}
'OO 1 Buflalo.Brant,(tGociricii ,0,, 77 82
6p, at. bds. Aug. 1,1872 a
100 Do. do. July 1, 1873 100 77 88
100 Do, do. June 1, 18;9 100 77 82
et Clcutta.&S.Eastn.a.th, 100 100 102 103}
st Cape Town & Dock Seri} 100 99 101 993 9
stock liastn. Bengal gu. sp. 100 103 105
stock East Indian. gu. sp. c. 100 103 104 1021 11
20 Do. do. G Ext l5 * 1 p
20 Do. do. H do.
stock Grand Trunk of Canada luu 2u 201 191
100 Do. Ist Pref. Bonds., all 70 22
100 Do. do, deferred all 60 62
100 Do. 2d Pref. Bonds., all 60 61
100 Do. do. deferred all 51 53
100 Do. 3d Pref. stock
100 Do. do. deferred all 90 42
100 Do. 4th Pref. stock.., all 25 27
100 Do. do. deferred all 23 to
stock GLlndlaPenin.gua.sp.c 100 102 103 103 21
20 Do. New gua. sp. c l2 i
Do. January, 1862 ..
stook Gt. South.of India(Lim
guaranteed 5 per cent. 100 101 103
soi Gt. W. of Canada Shares all 10 10* 10
20 Do. New ... . . .... ... 18 104 10
100 Do. 6 p.c. '73 with't opt. all 94 95
100 Do. 54 p. o. do. '77-8.... all 84 86
10 Indian Branch Limited 2 ip
stook Madras. guar., sp. o. 100 1014 1024 1014
stock Do. it p. o. Extension 100 94 96
stook Dc.44 d 0........ 100 90 92
20 Do. Fifth Extension. 2 --
stock Melb.Corp. 6p. o. Ends. 100
50 3lelb. & Hobson's Bay. all 58 6)
100 Do. 7p. C. 51ortg. Bds. all
20 Newßrurszwick Canda
Class A and B.
N.lll.C'cla6 pQ Ist pf bds 100 82 /4
stock &ludo (100 102 103
stock Do. Delhi I a ' 100 101 102 101
20 Do. do .... ....... ' p IP
t Do. Polijaub tc. all 101. 102 101
Do. Du. ........ lOO 2
Stock DO. (ndus.St. Flo.) k 100 95 97
COLONIAL GOVERNMENT SECURITIES.
p.u.J .¢ ul)
;- 181744 100 1103 105
- Do. np. c. Feb. & Aug. 100 102 104 103
Do. Ap. o.3far.(t Sept. 100 102 104
-
j Do. 5 Inscribed sto ck Jan.&,July.
100 10c 89 10
982 90 894 904
ICapeG.Hope, B p 0,1873 100 106 108 1004
' Do.Ap bt Oct. 1880 100 107 109
Do. 1890 100 ItB 110
Do. Jan. & July, 1891.. 10) 110 112
iCeylon, N0v.1878, 6p c 100 105 107
,Maurittus 6 per cent .. 100 106 108
,Natal Gov. 6 per cent.. 130 106 108
N.E.Gov. 6 p.c..) a...Wu!) 100 1.02 104
Do. 6p. c.Ap. & Oct. 100
- N. S.W. (. ov. 5 p 1,18,, 100 994 100
Du. 5 p.0.,18/1 to 11W 100 99 101
- Do. d0.,1888 ctupwds 160 99 101 994 I
--!New Zealand 6 p cent. 100 10) 111
Nova Scotia Gov. 6 p.
sterling*, 1875. lOO 104 106
,Queensland
;S. Aus G6p.187a.& up.. 100 110 112
,Vio.Gov. p.c. Ja.&Jul) 100 •
Do, to 80.0. A.n.&11ct,.. 100 107} 104 107*

BRITISH. MINES.
2 I thimbrian Co:leo'. Gold 1
uliflord Alaalgamated 30 32
Devcn r2t. Con.. (Taoist ) 1 550 660
East. ilassett(lllogan) 30 65 68
—H 8t Clogau Gold Ltd
East Caradon ..... 1.14.0 30 31
East Carn 3.1.0 i 61 7
E. Russel (Tavistk ; 8 13.0 3f 4*
- IGam.&St.AnDyn(Gwen : 581 7 9
Great South Tolgus 17s 2* 3*
,G. Wheal Vor (Heston 40 34 36
IGrenville 6.16. t 10 101
ilerc•d'e-Foot 8.12 46 38
liiingston Downs 4.18.0 31 4
!Lady Bertha
- 151argaret (Guy Lelant. 18 20
Illarke Valley..
4 Nlyndy Iron Oro (Lim ) 4 1* f
INew Setun l9l 85 95
• North Downs 2l 11 1/
Baseet(lllN-an 3.1.0 If 2*
-
North Wheal Crafty
- ll'ar Consols (St. Blazey
2) Irrovidenoe(Uny Lelnt.) 10 0 7 41 43
,tiouth Caradon(St.Cleer 11 450 170
!S. Carn Brea (Illogan) —
- IS.Wheal Fran. (Illoqan; 18.18.9 40 50
'Stray Park 30.17.6 31 33
f ramarSilv.tt Lead Kin —
- Fin Crolt 9 /8 19
• ;West Basset (Illozan). 1* 9 10
W C Talon (Liskeard: 5 19 21
IWest Setort
IWjheal Basset (Mogan;, 5* 90 95
- i Wheal Buller(Redruth) 10 35 40
Wheal Kitty (li.Lelant)l 2.0.6
- IWhealLudGott
Wheal MaryAnn(.,len ), 8 11* 121
Wheal i3eton . SSI 1071 2021
Wheal Treiawney (Lis.) 7 24 24
- Wheal Union I 3.17 2 21

PREFERENCE SHARES.
Great Northern, 5 per cent., red. at 5 per cent. pm., 107 6
Great Western, 5 per cent. rd. pref., 102
.Lanoashire and:Yorkshire, 6 per cent. stock,
Dlito, 4a per cent., Blackburn pur., 1011
Midland 4i per cent. pf. stk. rd., 1021

PREFERENCE SHARES AND STOCKS.
London and Blackwall, 4i per cent. FAX, 981}
LINES LEASED Al' FIXED RENTALS.
East Lincoln, gua. 6 per cent., 133

FOREIGN RAILWAYS.
Bahia and San Francisco (lira.) gum. 7 per cent,, 162
Dutch Rhenish, 17;
Nafnur and Liege, gua. 6 per cent. pf., 20
San Paulo (lira.), gua. 7 per cent.,
South Austrian and Lombardo Venetian, 212
West Flanders, 6!

HER MAJESTY,

OSBORNE, May 5.
Baron de Beust arrived at Osborne yesterday, and
was presented to her Majesty by Earl Grenville.

Earl Granville and Baron de Beust had the honour
of joining her Majesty and the royal family in the
evening after dinner.

Dr. Jenner arrived from London yesterday, and
returned to-day.

The Prince and Princess of Wales.
The Prince of Wales rode on Horseback yesterday
afternoon, attended by Mjor Teesdale.
His Royal Highness the Prince of Wales, at-
tended by Major Teesdale and the Hon. R. Meade,
went in the evening to the concert at the iftnover-
square Rooms, given by the Guards in aid of the
Guards' Industrial Home.

His Highness the Prince of Tour and Taxis has
arrived at Claridge's Hotel from Ireland.

The Marchioness of Queensberry has arrived a
the Alexandra Hotel,
The Earl and Countess of Warwick have let
Farrance's Hotel for Warwick Castle, Warwickshire.

The Countess Cowper and the Ladies Cowper
are expected to arrive from the Continent at their town
residence, 4, St. James's-square, on the 12th inst.
Tne Earl and Countess of Minto have arrived at
31, Dover-street, for the season.

Viscount and Viscountess Powerscourt have le
Claridge's Hotel for the Continent.

Lady Churchill has left the St. George's Hotel.
Lord and Lady Clermont have arrived at Cla
ridge's Hotel from Ravensdale Park, Ireland.

The Papal Allocution on Poland.

ROME, MAY 1.

The portion of the Pope's Allocution at the recent
Consistory relating to Poland is alleged to be as

bllows

" The blood of the weak and innocent cries aloud
before the throne of the Almighty for vengeance
upon those by whom it is shed. And do we not see
in our time innocent blood shed in a Catholic
country, in uufortunate Poland, where the same
Catholic faith for which the holy Fidelis gave His

life is so cruelly persecuted ? I did not intend to
speak upon this subjeet before the nest Consistory,
bat I fear that if I keep silence longer I shall draw
down upon myself the punishment of Heaven with
which the prophets threaten those who permit in-
justice. Vae mihi, quiet tacui. My conscience cow..
pels me to raise my voice against the powerful
Sovereign whose dominions extend to the Pole.
therefore listen!

" This mighty Monarch, who also ventures to
style himself Catholic, although he stands outside
the pale of our holy Church, forgets that the justice
of God will overtake him for his evil deeds. This
Monarch pursues the Polish nation with savage
cruelty. He has undertaken the impious work of
exterminating the Catholic religion in Poland, and
of introducing heresy into that country by force.
The priests of this Catholic nation are violently
torn from their flocks ; some are banished, others
condemned to forced labour or dishonourable
punishments. Happy are they who contrive to
escape, and at present wander about in foreign
lands without an asylum. The churches are dese-
crated and partially closed through the absence of
the priests. Finally, this presumptuous ruler has
assumed a power which the Vicegerent of Christ
does not even possess. After he has torn our much-
beloved son, the Archbishop of Warsaw, from his
diocese, banished him, and kept him in confinement,
he has dared to remove him from the office we had
entrusted to him.

"If we express our indignation against such acts
it is not with the view to encourage European re-
volution. We are well able to draw a distinction
between a social revolution and the legitimate
rights of a nation fighting for its independence and
the welfare of religion. If we step forward against
the persecutors of the Catholic religion, we fulfil a
sacred duty of our conscience. And I have, there-
fore, communicated to you the mournful news I
have received from that unhappy country, for which
we will redouble our prayers. We declare that
we confer our Apostolic blessing upon all those
who this day pray for Poland. Let us all pray for
that country."