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

TIIE SUN,‘ ''LON I' ON, MON OA Y EV ENING, 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 takes,
at 7 per cent. In the public funds the tendency was, t(
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 tht
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.

Tho funding of the 7.30 Treasury Notes was proceed-
ing rapidly, the official returns reporting from ono to twt
millions per day.
ERIE RAILWAY COMPANY.

The following notice has been issued by the Erie Rail-
road Company :
Office of the Erio Railway Company,
No. 187, \Vest-street, New York, April 1, 1867.
Notice is hereby given of the intention of this compan
to extend its first Mortgage Bonds, due July Ist, 1867, fol
thirty years, at seven per cent. per annum. These bond
are a first mortgage of 93,000,000 on the entire property
of the company, and the power to extend them is given
by a statute of the State of Now York, which provides
that the company may extend any or all its Mortgag.
Bonds, in the order of their respective priorities.
Proposals will be received up to the 15th of May next,
at the general office of the company in the City of NON
York, for extending any portion of the issue, and parties,
whether present holders or others, bidding the higher;
premium therefore will be 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 th.
holders thereof may present for that purpose, at the office
of the company in the city of New York, and new sheets
of coupons for thirty years, with an endorsement thereon
of a mutual agreement of such extension, will be issuer.
and attached, with interest payable smil-annually as here-
tofore.

Perseus whose bids may be accepted will hare the option
of extending bonds to London, Frankfort, or Germany, on
due notice to the company, in manner to be hereafter de-
termined, of the numbers of the bonds to be extended in
each place.

(Signed) ROBERT 11. RENDELL, 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 ti
war between France and Prussia. 5-20 Bonds are last
quoted 711 to j, after having touched 72k, ex coupon,
which is equivalent to the highest figure that they hart
ever reached in this country.
Illinois Central Shares have been steadily supported,
and leave off 751 to 76i, or $3 above the price of this day
week. In Eries there has been a very largo business, ant
the quotation has advanced nearly $6 per share, viz., to
421 to 42k, the rise being partly attributable to purchase:.
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 tb,
moment of settlement and upon a strongly declining
market.

All European exchanges have sympathised, and Ame-
ricans have fully shared in the upward movement attendi4
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 (tho day of the great ad-
vance in Rente, 68), the Dollars opened at 78k, advancing
later to 80 ; after receding to 794 upon receipt of the New
York gold quotations of 144.

On the 29th April, extremely large orders from Londot,
and Frankfort have again advanced rates to 79i 801
closing at 80. Ou the 30th the market ruled at 80i, 7!)
1346, 79 15-16 ;on the Ist May, 801 9-16 ; and on the
2d May 80i 5-16, transactions having been very numerous.
The settlement for " dollars" occurred on the 2nd, arm
engagements fur carrying over have been effected with
ease at 3-16, speculators not appearing to be for the mo-
ment much interested,
The Rentes closed at 68.10, the Italian at 48.35 ; Ex-
change on London, 25.14.