The Sun.
London, England, 1869-05-07 00:00:00

ONEY MARKET

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.
cl:t, Consols9 3 ; are 92i 3 21 for money; ditto, for Ac-
Three per Cent. Reduced, 911 ?,-;
isTOI
ew Three per Cents, 911 1 ; ditto 24 per Cent.,
; Exchequer Bills £l,OOO, 3 prem. ; ditto £lOO,
£2OO, and £5OO, —; Bank of England Stock, 4
per Cent.,
India Stock, 101 per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1041 4 ; ditto 4 per
Cent., Oct., 1888, 10.14. ; ditto Enfaced Paper,
" Per Cent., ; ditto Bonds £l,OOO, par.
With the exception of a tecovtry of in Peruvian
teoxt7e7ntis Foreign Stocks are generally lower to the
of 1 per cent. Egyptian (1861) Bonds are
85i to 861 ; ditto (1868), 75 to 751 ; Viceroy's Seven
Per Cents., 791 to 80 ; ditto Nine per Cents., 964
to 971Italia;1; ; ditto Reilway Debentures, 934. to 981 ;
7 56 to 561 ; Tobacco Loan, 851 to 861 ;
Russian (1802), 831 to 811 ; Orel and Vitebsk,
771 to eee •
Nicolas, 631 to 61 ; Moscow Jaroslaw
Loan, 781 to 791; Charkof, 761 to 761 ; Spanish,
28 to 281 ; Turkish Five per Cents., 42 to 421;
ditto, Six per Cents., 66 to 661.
English Railways are quiet. Caledonian, which
rallied last night to 781 upon the refusal of the
Scotch courts to restrain the proposed dividend, are
this morning less firm at 78. Metropolitan is a little
stronger, at 102 to 1021 ; but the Extension Stock
continues to decline, the present price being 97.
Chatham, at 17 to 171 ; Midland, at 1121 to 112; ;
end South Eastern at 75 754, are -all / per cent.
310wer. Great Eastern are xuoted steady, at 371 to
,71; Great Northern A, 107 to 1071 ; Great
Western, 48 to 484 ; Lancashire and Yorkshire,
1224 to 1231; Brighton, 47 to 471; and London
and North Western, 1144 to 115.
American Bonds are quoted 791 to 791 ; and
the Ten-Forties, 711 to 72 ; Erie Shares are 19,
Illinois, 984 - • ;
and Atlantic Bonds, 25.
For Bank Shares the demand is limited. Len-
(3°ll and Westminster, London Joint Stock, and
Chartered Mercantile, are each 1 higher.
In Miscellaneous Securities prices are stationary.
There were no gold operations at the Bank yes-
terday.
The discount establishments have notified that
their rate of allowance for money at call is raised
from 3 to 31 per cent. ; that for deposits at seven
days notice is raised from 31 to 31 ; and for de-
posits at a fortnight's notice from 31 to 4 per cent.
The joint-stock and other banks allow 34 per cent.
for deposits.
Increased significance is imparted to the Bank
movement from the fact of its having become
necessary, notwithstanding the large amounts that
must have been drawn hither during the past five
Weeks, from the considerable difference between
our terms and those current in Paris and generally
en the Continent.
The Frankfort advices continue to describe con-
fidence on the Bourse, but admit that the move-
tle.ent for a rise appears to be decidedly at an end.
The reaction at Vienna, it is said, would have made
greater progress if Frankfort had not relieved the
°perators there of large amounts of Credit shares
and Lombard shares, which were readily taken
When offered at reduced prices.
At a meeting of the proprietors of the London
and South African Bank a dividend of ss. per share
Was declared.
A general meeting of the London and Australian
Agency Corporation (Limited) will be held on the
25th inst., when a dividend will be declared.
At the meeting of the Vauxhall-bridge Company,
a dividend of 17s. per share was declared.
A petition for the winding up of the Clerks'
supply Association (Limited) is to be heard before
the Vice-Chancellor Malins on the 28th inst.
_ The Frankfort Bourse is threatened with the
loss of much of its importance by the taxes pro-
posed to be levied. Should they be sanctioned,
the large contracts for foreign loans hitherto
made at that city will henceforth be made at
Vienna or Munich, out of the reach of Prussian
6tarnPs• It is proposed to levy a tax of 1 per
cent. on all bonds circulating in the North Ger-
man Confederation. This is an imitation of the
x reach law, but it is remarked that Paris has no
competitor ; while at Frankfort they cannot afford
to be 1 per cent, dearer than at the rival centres of
Munich, Vienna, or Amsterdam. The law, it is
affirmed, could only be enforced by a whole host
of spies, and would produce very litt:e without
such assistance. The whole plan is denounced as
extravagant and mischievous, and as a new proof
of the extent to which the profits of trade seem
destined to be devoured by imposts to maintain
Military armaments. " The only remedy will be
when it begins to tell on the price of Prussian
fonds, which can le trdly maintain their high
quotation when it appears that Government are
at their wits' end to raise money by new and
absurd taxes."
Th 4 return from the Bank of England for the
Reek ended the sth of May gives the following
resultst when compared with the previous week :--
est
pullic **** ******** X 3 129 853 Decrease ... £8,015
5,11402 Increase
crease ... 147,800
Other deposits
On ths other side of the account :
eovernment eecuri-
tile *
Other ****
r Securities I 7 082 382 .. Increase ... 493,289
Notes unemployed 404,995 :.. Decrease ... 836,250
the amount of notes in circulation is £24,005,565,
being
an_increase of £512,190 ; and the stock of
bullion in both departments is £16,582,086, showing
los decrease of £309,093 when compared with the
Preceding
return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and French Rentes with the corresponding week of
last year :

At Present. Same Weeklast Year.
Bullion
Reserve
Notes in circulation 24 005 565 ... 24,454,885
Rate of discount ***
44 Per Cent. . 2 per cent.
Cells°ls
Freueh Ranter

BRITISH FUNDS—CLOSING PRICES.
UOVERNMENT FUNDS.
3 per Cent. Consols
Ditto for Account,
8 per Cent. Reduced
........ 91i 1
New 3 per Cent
Now 2/ per Cent. Jan. 1894
Do; o per Con J am. 1873
Annuities, 30 yrs, expire sth Jan., 1880 --
Do. for 30 yre, expire sth April 1885 —
Do (Red Sea Tele6raph), Aug., 1908 —
Exchequzr Bills, £l,OOO, 21 21 per Ct 3 pm
Do £5OO
Do. £lOO & £2OO
Bank of England Stock, 41 per Cent
D?:. opening —
Canada 4 per Cent. Bonds —
Inter-Colonial Omnium —
INDIAN UOVERNISENT SECUILITIES
India cock 10f per Cent., April 1874...
Do. Opening, for Account --
Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enlaced Pape, 4 per Cent..,, . —
Do. 5 per Cert., Jan. 1872 .... lO5/
Do. 51 per Cent. May 1879
D 3 5 per Cent., Rup. Deb. 1572 —
Do do 1877 —
Do. do. 1882 —
M. Deb. 5 per Cent. Aug: 1873 —
Do. Bonds, 4 per Cent., £l,000
Do. under £l,OOO
FOREIGN FUNDS—CLOSING PRICICS.
Argentine Republic, 6 per Cent ...
Do., Scrip .E. 45 paid ..
Anitrian bonds 5 per cent ... —
Do. 1859 —
Brazilian 6 per Cent —
DD. li per Cent. 1852 —
Do. do. 1858....
Do, do. 186 ) -
lio. (10,, ittiZ; —
Do. 5 per Cent., 1865
Ut) Account BO 79 it
II 'coos Ayres 6 per Cent.
Do 2 per Cent. (Deferred 3 per Cent )
Cu", 6 per Cent.
(.3,,itian 6 per Cent
Do. 4/ per Cent ~,, ~...,. -
Do. 3 per Cent.,
to. 6 per ce,t. 1867
Do. 7 per Cent., 1866
0 lombian, 6 per Cent.
Danish, 3 per Cent., 1825
Dan,thian Principalities, 7 per Cent......
Do 8 per Cent., 1867 ......„. 88
Equador New (Joneolidatod, 1 per Cent.
Egyptian, 7 per Cent..., .......... ....... ...
Do Secoed Issue
•• —
Do. .£5Ol. Bonds Bl
Do. £10) Bonds
DO. 1864 ~,,,,sur. ..... in •—•