The Sun.
London, England, 1867-05-06 00:00:00

THE SUN,""LONLON, MONIM Y EVENING, MAY 6, 1867.

the 16th ult. The Money Market was decidedly easier,
and loans on Government security were readily obtained
at six per cent., while first-class bills were currently taken
at 7 per cent. In the public funds the tendency was to
increased firmness, and a small advance was estab-
lished. Railroad shares had been firmer, but relapsed,
and generally show a decline from the previous week.
The bill authorising the New York Central to increase
its rate of charges had been vetoed by the governor of the
State, but without having any material effect on quota-
tions, the prevailing impression being that the subject
will be again brought forward, and an act in some modi-
fied form passed. Railroad Mortgages and State Stock,
were slightly lower, while the market for miscellaneous
shares was considerably depressed.
The funding of the 7.30 Treasury Notes was proceed-
ing rapidly, the official returns reporting from one to tw.
millions per day.
ERIE RAILWAY COMPANY.

The following notice has been issued by the Erie Rail-
road Company :
Office of the Erie Railway Company,
No. 187, West-street, New York, Arril 1, 1867.
Notice is hereby given of the intention of this compan.)
to extend its first Mortgage Bonds, duo July Ist, 18;7, f,,
thirty years, at seven per cent. per annum. These bond:
a
, and
mortgage
0f83,000,000 on the entire property
of r°
th a
e firsto np y the power to extend them is giveL
by a statute of the State of New York, which provide,
company,
that the company may extend any or all its Mortgage
Bonds, in the order of their respective prioritiea.
Proposals will be received up to the 15th of May next,
at the general office of the company in the City of New
York, for extending any portion of the issue, and parties,
whether present holders or others, bidding the highest
premium therefore will bo entitled to extend said bonds
pro rata, on the amount of their bid, as the bonds are pre-
sented by the holders.
On and after the Ist of July the company will be pre-
pared to extend, on the above terms, all such bonds as the
holders thereof may present for that purpose, at the office
of the company in the city of New York, and now sheets
of coupons for thirty years, with an endorsement thereon
of a mutual agreement of such extension, will be issued
land attached, with interest payable s3mi-annually ashore-
tofore.

Vv
Persons whose bids may be accepted will hare the option
of extending bonds to London, Frankfort, or Germany, on
due notice to this company, in manner to be hereafter de-
tormined, of the numbers of the bonds to be extended iu
each place.
(Signed) ROBERT H. BENDELL, President.

There is a marked change in the tone of the London
market for American securities since our last, the deci-
dedly more reassuring aspect of European politics having
induced large purchases of United States securities, to
cover sales which had previously been made on the fear of
war between France and Prussia. 5-20 Bonds are last
quoted 711 to after having touched 72f, ex coupon,
which is equivalent to the highest figure that they have
ever reached in this country.
Illinois Central Shares have been steadily supported,
and leave off 75,1 to 76-1, or $3 above the price of this day
week. In Eries there has been a very large business, anti
the quotation has advanced nearly $6 per share, viz., to
421- to 421, the rise being partly attributable to purchases
on New York account, and partly to cover " bear sales"
on this side. Atlantic and Great Western Securities are
firmer, but without any material alteration in value.
(From Bowles, Brevet, and Co.'s Circular, May 2.)
Since our last circular we have had a general recovery
in all values occasioned by hopes of peace,
in which the
conferences to be held in London (now officially announced)
occasion much confidence. The effect of this news upon
prices has been marked especially, arriving as it has at the
moment of settlement and upon a strongly declining
market.

All European exchanges have sympathised, and Ame-
ricans have fully shared in the upward movement attending
all securities. Touching 77 per cent. on the 25th April,
they had advanced on the succeeding day to 77i on
purchases for London and Frankfort.
On Saturday, the 27th April (the day of the great ad-
vance in Rente, 68), the Dollars opened at 78k, advancing
later to 80 ; after receding to 79; upon receipt of the New
York gold quotations of 144.
On the 29th April, extremely large orders from London
and Frankfort have again advanced rates to 79} 801.
closing at 80. On the 30th the market ruled at 801 70
13-16, 79 15-16 ; on the Ist May, 80 19-16 ; and on the
2d May 801 5-16, transactions having been very numerous.
The settlement for " dollars" occurred on the 2nd, and
engagements for carrying over have beenboefffoercttehde mo-
ment ease at 3-16, speculators not appearing to
winch interested,
The Rentes closed at 68.10, the Italian at 48.35 ; Ex-
change ou London, 25.14.