The Sun.
London, England, 1865-12-07 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

Monetary affairs continue quiet both at home and
on the continent. There is a steady demand for
mercantile operations, trade generally being very
healthy, with a steady progression of enterprise.
The quotations are kept up as nearly as possible to
the level of the Bank's minimum, though excep-
tional instances are mentioned of dealings having
been negotiated 11- and even I under 6 per cent,
The letters of allotment of the Naples Public
Works Company, and of the American Oil Wells
Trading Company, were posted last evening.
An amount of £9,000 in gold was taken from the
Bank of England yesterday afternoon.
A new and important joint-stock association has
been formed by: the amalgamation of two large
West India houses, Messrs. Cavan, Lubbock, and
Co., and Messrs. Wm. Burnley Hume and Co. The
capital required is £2,000,000, in shares of £5O
each. The estates and real securities to be trans-
ferred to the company by the vendors are in
Demerara, Berbice, Trinidad, and Barbadoes. The
estates are fertile, well situated, and in a high
state of cultivation. They are provided with an
ample supply of Coolie, Chinese, Portuguese, and
Creole labour. On several of these estates powerful
machinery of the best description has been recently
erected at a considerable cost, and the largely in-
creased profits which have resulted prove conclu-
sively the advantages to be derived from the further
application of machinery on a still more extended
scale. The increased capital which will be thus
employed, in addition to the large amount already
invested in real estate, renders the business more

suitable to the resources of a public company
than to those of private firms. The imports of
the two firms in sugar alone have for the last
three years averaged over 46,000 hogsheads
per annum. The vendors will transfer to the
company, free of any claim for goodwill, their large
and profitable commission and agency business,
*which has yielded in net commissions, on the ave-
rage of the past three years, an amount exceeding
£BO,OOO per annum, and is capable of being greatly
extended.

The biddings for 35,00,000 rupees in bills on
India took place yesterday afternoon at the Bank of
England. The proportions allotted were—to
Calcutta 22,33,000 rupees, to Madras 2,67,000
rupees, and to Bombay 10,00,000 rupees. The
minimum price was as before, Is. llfd. on Cal-
cutta and Madras, and ls. 110. on Bombay.
Tenders on Bombay and Madras at ls. Hid. will
receive about 18 per cent., and on Bombay at 2s.
Oid. about 8 per cent. ; above these prices in full.
The last week's railway receipts ascertained up
to this day are in round figures as under :

1865. 1864.
Great Western ... £66,233 £64,923
North Western ... ... 111,834 106,707
South Western ... 26,659 19,132
Brighton ... 19,078 17,573
Midland. ... 49,683 49,207
South Eastern ... 19,911 18,256
Great Northern 36,934 34,878

Lancashire and Yorkshire ... 39,498 84,192
Bristol and Exeter 5,877 5,654
North Eastern ... . 68,605 65,332
Manchester, Sheffield, and Lincoln ... 20,587 18,132
Great Eastern ... ... 30,774 29,604
London, Chatham, and Dover ... 7,686 6,240
These returns, when compared with those of the
corresponding period of last year, generally show
some very satisfactory results. On the Great
Western there is an increase of £1,310, on the
North-Western of £5,127, on the South-Western
of £1,527, on the Brighton of £1,505, on the Mid-
land of £476, on the South-Eastern of £1,655, on
the Great Northern of £2,056, on the Lancashire
and Yorkshire of £5,306, on the Bristol and Exeter
of £223, on the North-Eastern of £3,272, on the
Manchester, Sheffield, and Lincoln of £3,455, on
the Great Eastern of £1,170, and on the London,
Chatham, and Dover of £1,446.
The directors of the Financial Insurance Com-
pany ha-re issued their first report. It states that
the company.was, _registered ..on—the 6th December,
1864, but was not advertised and thphares allotted
until April last, so that in fact we are only now
getting into working order, but the directors have
the satisfaction to state that they have received--
756 life proposals, assuring the"sum of £442,027,
of which 581 proposals have been accepted, assuring
£360,293, the premiums on which amount to
£10,944 14s 1d; of these 351 policies have been
completed and issued, assuring the sum of £240,780,
the annual premiums on which amotuitta.2,7943s 7d.
In the guarantee department 260 proposals;, have
been received, amounting to £506,755,- ot which
198 proposals have been accepted, amounting to
£202,455, of these 144 proposals have been com-
Dieted, and policies issued amount to £135,450,
the annual premiums on which amount to £4,726
,178. 10d. In the Fire Department the directors
have only lately commenced business in this country,
and the total number of proposals amount to 835,
Aing £865,584 10s., of which they have ac-
-30 8 proposals, insuring £857,034, the
premiums on which amount to £1,394 ss. 7d.;
4,4.lcing the total income of the Company for the
t'Ort time they have been established amount to
1135915 7s. per annum, a result which they think
;44.13 rarely if ever been obtained by any other com-
ellY• The result of the balance-sheet is stated to
oft e,qually satisfactory, and shows that after writing
th "Irg'e sums for preliminary and other expenses: ,
di1e.1.6 is a profit of 40 per cent., out of which the
ectors recommend a dividend of 8 per cent. per
Th1:111417 free of income tax, to be calculated from
117 date of payment on the shares to the 31it
ajaecleeraber instant, to be paid to the shareholders,
N,,ft, the balance of 32 per cent. to be carried for-
ititetcl to Pay at the rate of 5 per cent., per annum,
to jest to the shareholders for the next half-year
''ue 30th of June, 1866, and to meet contin-
4encies.

Two O'CLOCK.
prAccording to Reuter's telegram the 3 per Cent.
ch Rentes were quoted at 68f. 95c.
441 e market for English Stocks has presented a