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

ONEy -MARKET

AND

COMMERCIAL INTELLIGENCE.

c, 934 8 ; CITY, Two o'CLocx.
Consols are 921 3 2a for money; ditto, for Ac-
-o"°t Three per Cent. Reduced, 91; ;
ew P.lree per Cents, 91-4- 1 ; ditto 21 per Cent.,
76 ; Exchequer Bills £l,OOO, 3 Erem. ; ditto £lOO,
£2op, and £5OO, —; Bank of England Stock, 4
Per Cent., —.
India
Stock, 101 per Cent., April, 1874, ;
ditto 5
per Cent., July, 1880, 1041 ; ditto 4 per
Cent., Oct.,
1888, 10,4 ; ditto Enfaced Paper,
5 Per Cent., ; ditto Bonds £l,OOO, par.
With the exception of a recovery of I in Peruvian
to 774, Foreign Stocks are generally lower to the
extent of a per cent. Egyptian (1864) Bonds are
85i to 861; ditto (1868), 75 to 751 ; Viceroy's Seven
per Cents., 791 to 80 ; ditto Nine per Cents., 961
to 971;
ditto Railway Debentures, 981 to 981 ;
Italian, 56 to 561 ; Tobacco Loan, 854 to 861;
17;ussian (1862), 831 to 811 ; Orel and Vitebsk,
to 771 ; Nicolas, 631 to 61; Moscow Jaroslaw
Loan, 781 to 791; Charkof, 761 to 76; ; Spanish,
28 to 281 ; Turkish Five per Cents., 42 to 421;
ditto Six per Cents., 66 to 664.
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 1121 ;
and South Eastern at 75 754, are all >4 per cent.
1°
,wer• Great Eastern are xuoted steady, at 371 to
,`i Great Northern A, 107 to 1074 ; Great
Western, 48 to 484 ; Lancashire and Yorkshire,
122.1 to 1231; Brighton, 47 to 471; and London
and North Western, 1144 to 115.
American Bonds are quoted 795 to 795 ; and
the Ten-Forties, 711 to 72 ; Erie Shares are 19,
981; and Atlantic Bonds, 25..
For B ink Shares the demand is limited. Lon-
don and Westminster, London Joint Stock, and
‘-,hartered Mercantile, are each 4 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
(14Ys' notice is raised from 31 to 34 ; and for de-
Posits at a fortnight's notice from 31 to 4 per cent.
The joint-stock and other banks allow 31 per cent.
for deposits.
Increased significance is imparted to the Bank
movement from the fact of i.s 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
On the Continent.
„ The Frankfort advices continue to describe con-
fidence on the Bourse, but admit that the move-
Inent for a rise appears to be decidedly at an end.
The reaction at Vienna, it is add, would have made
greater progress if Frankfort had not relieved the
operators 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.

general meeting of the London and Australian
Agency Corporation (Limited) will be held on the
2oth 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'
StIPPly Association (Limited) is to be heard before
the Vice-Chancellor Malins on the 28th inst.

The Frankfort Bourse is threatened with the
1°55 of much of its importance by the taxes pro-
Posed to be levied. Should they b 3 sanctioned,
the large contract 3 for foreign loans hitherto
made at that city will henceforth be made at
Vienna or Munich, out of the reach of Prussian
stamps, It is rroposed to levy a tax of 1 per
cent. on all bonds circulating in the North Ger-
In In Confederation. This is an imitation of the
Drench 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
kunich, Vienna, or Amsterdam. The law, it is
affirmed, could only be enforced by a whole host
of spies, and would produce very little 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
Bonds, which can hardly maintain their high
quotation when it appears that Government are
at their wits'
end to raise money by new and
absurd taxes."
T[l,3 return from the Bank of England for the
week ended the sth of May gives the following
results when compared with the previous week :
pat £3,129,853 ... Decrease ... £8,015
(.11,1-1 a: deposits
Other deposits 15,927, ,87 ... Decrease ... 1,040,894
On ths other side of the account :
Severe:neat securi-
securities
ottses .............
)7,582,882 ... Increase 499289
Notes unemployed 6,504,995 Decrease ... 886,250
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
a decrease of £309
preceding ,093 when compared with the
return.
Subjoined is a comparison of the present position
of the Bank of England and the prices of Consols
and
Frond. Rentes with the corresponding week of
last year :

At Present. same Weeklast Year.
Bullion
Notes in circulation 7,576,521 ... 10,948,107
24 005 565 24,454,885
Rats of discount
Cemsols
Palish Recites

BRITISH FUNDS—CLOSING PRICES.
CI OVERNMEXT FUNDS.
3 per Cent. Consols 92i 3 2 i }
Ditto for Account,
3 por Cent. Reduced
New 3 per Cent
New 2} per Cent. Jan. 1894
Do. o per Cen Jan. 1873
Annuities, 30 yrs, expire sth Jan., 1880 —
Do. for 30 yrs‘ expire sth April 1880 --,,
Do (Red Sea I elevaph), Aug., 1908 7
Exchopnr Bills, £l,OOO, 2i 2f per Ct 3 pm
Do .£5OO
Do. £lOO & £2OO —
Bank of England Stock, 4} per Cent
Dl. opening —
Canada 4 per Cent. Bonds —
lntor-Colonial Uranium
INDIAN GOVERNMENT SECURITIES
Inds SLock, 10f per Cent., April 1879...
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 _ lOOl
Do. 5} per Cent. May 1879 —
Da 5 per Cent., Rup. Deb. 1872 —
Do do 1877 —
o. do. 1882 —
D.... Deb. 5 per Cent., Aug. 1873 —
Do. Bonds, 4 per Cent., £l,000
Do. under 41,000

FOREIGN FUNDS—CLOSING PRICES.
Ar4entine Republic, t% per Cent ... .
Do., Scrip £45 paid ..
_
Aultrian Bonds 5 per cent ..
_ Do. 1859
tritilian 5 per Cent _
Oo• l per Cent. 1852 —
Do. do. 1858 . Do. do. 186' —
do.,
Do. 1863 —
Do. 5 per Cent., 1865
~ Do Account BO 79 i
-I3 ,enos Ayres 6 per Cent.
Cub
Do 2 per
C Centent. (Deferred 3 per Cent:
a, 6 er .
o..alian 6 per Cent
no. 4t per Cent.,
Do. 3 per Cent., ..... - -
Po. 6 per ce t. 1867 97
Po. 7 per Cent. 1866 -
C 10
titian, 6 per 'Cent.
Datusn, 3 per Cent., 1825 .... .
Do 8 per Cent., 1867 ... 88
Equador New Consolidated, 1 per Cent.
Egyptian, 7 per Cent...» Do Second Issue
--
Do. £SQ!, Bonds •• ••
81
Do. £lOO Bonds
Du. 1864 • • ••• --