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

MONEY MARKET

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 * and even 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.

- . joint-stock
A new and important 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
eftipany, free of any claim for goodwill, their large
and profitable commission and agency bußinpsa,
Which has yielded in net commissions, on the ave-
rage of the past three years, an amount exceeding
80,Q00 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
In'lli-mum price was as before, Is. 111 d. on Cal-
cutta and Madras, and Is. 114 d. on Bombay.
Tenders on Bombay and Madras at ls. Hid. will
receive about 18 per cent., and on Bombay at 2s.
yid. about 8 per cent. ; above these prices in full.
The last week's railway receipts ascertained up
t 0
this day are in round figures as under :

1865. 1864.
Great Western £66,233 £64,923
orth "W
es tern ... 111,834 106,707
QOl,,

ii°lillt:rt Western .. ... ... ... 20,659

19,132

19,078 17,573
. 49,683 49,207
40ath Easte.rn 19,911 18,256
teat Northern 36,934 34,878
j4alleashire and Yorkshire 39,498 34,192
-Jristol

N. -(01 and Exeter ... 5,877 5,65,4
Manchester,
Eastern 68,605 65,332
Sheffield, and. Lincoln ... 20,587 18,132
ilreat Eastern 30,774 29,604
ri,ondon, Chatham, and Dover ... ... 7,686 6,240
.hest, returns, when compared with those of the
ilcorresponding period of last year, generally show
1?,!tle very satisfactory results. On the Great
~estern there is an increase of £1,310, on the
orth-Western of £5,127, on the South-Western
if £1,527, on the Brighton of £1,505, on the Mid-
411d of £476, on the South-Eastern of £1,655, on
he Great Northern of £2,056, on the Lancashire
and Yorkshire of £5,306, on the Bristol and Exeter
„15f £223, on the North-Eastern of £3,272, on the
tlanchester, Sheffield, and Lincoln of £3,455, on
„Ile Great Eastern of £1,170, and on the Loudon,
\-latham, and Dover of £1,446.
b The directors of the Financial Insurance Com-
t",,a)l have issued their first report. It states that
7 company was registered on the 6th December,
a 64 it, but was not advertised and the shares allotted
get .
t April last, so that in fact we are only now
tk loginto working order, but the directors have
the satisfaction to state that they have received--
46 life proposals, assuring the sum of £442,027,
k 31%; bioh 581 proposals have been accepted, assuring
kii,'°,293, the premiums on which amount to
to v,944 14s 1d ; of these 351 policies have been
thtlPleted and issued, assuring the sum of £240,780,
Itietaunual premiums on which amount to £7,7943s 7d.
13,e be guarantee department 260 proposals have
1914 received, amounting to £506,755, of which
k2olll'oposals have been accepted, amounting to
plot 55, of these 144 proposals have been com-
the L and policies issued amount to £135,450,
11/44114ual premiums on which amount to £4,726
have d• In the Fire Department the directors
444
,°lll3r lately commenced business in this country,
itlle total number of proposals amount to 835,
4ptl4'ettilll -/
g £865,584 10s of which they have ac-
I)Ni. 830 proposals, insuring £857,034, the
kakittlAs on which amount to £1,394 ss. 7d.;
the total
income of the Company for the
t*
-13,91141 e they have been established amount to
1141,2 7s. per annum, a result which they think
1'44-"elY if ever been obtained by any other cora-
be the result of the balance-sheet is stated to
wallyo satisfactory, and shows that after writing
the- ‘ge Stuns for preliminary and other expenses
" is a
'recto Profit of 40 per cent., out of which the
'
ap4t,rh, e
ra re ommend a dividend of 8 per cent. per
13 e (oat:r c of income tax, to be calculated from
eeekt, Of Payment on the shares to the 31st
41k1 the
buer instant, to be paid to the shareholders,
ara to of 32 per cent. to be carried for-
Pay at the rate of 5 per cent., per annum,
`° th,st 3 1° the shareholders for the next half-year
'Qlaeie„.(4ll of June, 1866, and to meet contin-

'l°l It \-ue
-I Two o'CLocK.
ng to Reuter's telegram the 3 per Cent.
market for
ntes were quoted at 68f. 95c.
English Stocks has presented a

very dull aspect, and quotations have been exceed-
ingly weak. The settlement of the account to-day
in the Funds occupies the principal attention of
members. Consols are 871 I for money, and 87:1
for January. The New Threes and Reduced An-
nuities are 87k; Exchequer Bills 4s. dia. for June ;
India 5 per Cents., 102 k ; and Bonds, 14s. prem.
American Securities are without material change
in value?. United States 5-20 Bonds are 631 64 ;
Erie Shares, 574 58 ; and Illinois, 82 1.
The dealings in foreign stocks have been few, and
the fluctuations unimportant. Turkish Consolides
have advanced to 471 48 ; Mexican ex all Bonds
have receded f, to 25 1, but the New have improved
to 24 1. Greek are 154 161 ; Spanish Passive, 271
28 ; Certificates, 14f 1 ; Confederate Loan, 8 9 ;
Brazilian Scrip, 21 prem. Turkish 6 per Cents.,
1858, 711 ; do. 1862, 701 711 ; do. 5 per Cents.,
1865, 431 1:; Italian, 641 ; Russian 5 per Cents.,
1859, 541; do. sper Cents., 1862, 89f ; and Danu-
bian 7 per Cents., 75.

Business in the Railway Share Market continues
inactive, but prices are a shade firmer. Blackwall
have improved -1- ; and Great Western, Lancashire
and Yorkshire, North Western, North Eastern
(Berwick), and South Eastern, each I.
The Foreign and Colonial lines remain without
change of importance.

Bank and Miscellaneous Shares are flat. Metro-
politan and Provincial shares have declined to
181 ; London :and Brighton to 49f ; Hudson Bay
Company have improved to 15i- ; and Overend,
Gurney,, and Company are steady at 21fr ;
Colonial Company's shares are quoted 1f 2 prem. ;
Commercial Company of Africa, 1 prem. ; Bank
of Turkey, 11 21 prem. ; Atlantic and Great
Western Railway Mortgage Bonds, 1 11 prem. ;
the Credit Foncier and Mobilier of England (old)
shares, 31 4 prem. ; ex all and the new issue, 3i
31 prem ; the St. Saviour's Wharf Company
(Limited) shares, 1 1 prem. ; the American Oil
Wells Trading Company, dis. prem.

BRITISH FUNDS-ONB O'CLOCK.
GOVERNMENT FUNDS.
3 per Cent. Consols
Do. Account, Jan. 9
3 per Cent. Reduced B7l
New 3 per Cent B7
New 31 per Cent. Jan. 1894
Do. 5 per Cent. Jan. 1873
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth April, 1885 —
Do (Red Sea Telegraph), Aug., 1908 June.
Exchequer Bills, £l,OOO, 3 per Cent. 4 die

DS. £5OO
Do £lOO and £200
Bank of England Stock, 5 per Cent
Do Account '
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 10 per Cent., April 1874 —
Do Account

Do. 5 per Cent. July, 1870
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Paper 4 per Cent
Do. 5 per Cent., Jan. 1872
Do. 54 per Cent., May 1879 —
Do. 4 per Cent., Aug. 1866• —
Do. Bonds, £l,OOO —
Do. under £l,000
FOREIGN FUNDS —ONB 0 CLOCK.
Austrian Bonds, 5 per Cent, 1859
Brazilian 5 per Cent
Do. 4/- per Cent., 1852-58-60
Do. 1863
Do. 1865

Do. Scrip, £25 paid
Buenos Ayres 6 per Cent —
Do 1 per Cent. (Deferred 3 per Cent.)
Chilian 6 per Cent —
Do. 3 per Cent
Colombian 6 per Cent. —
Cuba, 6 per Cent.
Danish 3 per Cent., 1825 —
Do. 4 per Cent., 1863 —
Do. 5 per Cent., 1773-77, £25 paid —
Danubian Principalities
Do Account 75
Equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant —
Cgyptian 7 per Cent
Do., Second Issue
Do £lOO Bonds

Do. 1864 921-1
Do £lOO Bonds
~.;reek 5 per Cents., 1824-5, ex Coupons
Do. Account
Do. Coupons
Do. Account
Cxuatemala 5 per Cent.
Do XB6 paid
Do. 1839 and 1850
'talian 5 per Cent, 1865

Do. Account
Do. Maremmana Railway —
Do 1865
Do Scrip, .£67i paid —
Do 5 per Cent., 1864 —
&lexicon 3 per Cent
Do. Account
Do 1864 23 i
1)0 o per Gent. Anglo-French —
Do French Scrip, Ex. 25f 20c —
gew Granada —
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)
Do. 6 per Cent, 1864 —
Do Guaranteed, 4 per Cent —
Peruvian 41- per Cent
Do. Account
Do Scrip, .£45 paid, paid in Bonds
Do 3 per Cent. (Uribarren) —
Do 4i per Cent., 1862
Do Account —
Portuguese 3 per Cent., 1853
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3,
Do. Aceount
Russian 5 per Cent., 1822, .£ St —ga
Do 41 per Cent. 1850
Da 4i per Cent., 1860
Do 3 per Cent. 1859
Do 5 per Cent. 1862 B9l
Do 5 per Cent. 1864 —
Sardinian 5 per Cent

Do Account
Spanish 3 per Cent
. Ditto account —
Do New Deferred —
Do Account —
Do Passive —
Do Account
Spanish Cert. of Coup not funded —
Do Account l4l ..--
"--""
Swedish 4 per Cent. —
Do. 41 per Cent. 1864
Uurkish 6 per Cent. 1854 —
Do Account —
Do 6 per Cent. 1858
Do Account 7ll 1
Do £lOO Bonds —
Do. 11 per Cent —
Do 6 per Cent. 1862 —
Do Account 7ll I 701
Do £lOO Bonds
Do 6 per Cent., 1863 —
Do 5 per Cent. 1865 —
Do Scrip, £35 paid
Do Account
Do .£1(0 Bands —
Venezuela 3 per Cent. —
Do Account
Do 6 per Cent., 1862
Do. Account —
Dividends on the above payable in London.
Austrian, 5 psr Cent., Ex. 10 Florins
Belgian, 41 per cent., Ex. 25f.
Dutch 21 ivr Cent., Ex. 12 Guil —
Do. 4 per Cent. Certificates —
French Rentes 41 per Cent. —
lralian 5 per Cent. ,1861, Ex. 25f. —
Do Account
TWO O'CLOCK.

Consols for money
Do. Account, - B7f

Liverpool Cotton Market—This ray.

Market rather easier. Sales probably 8,000 bales.

FRIGHTFUL DISCOVERY.—We thought that the
Tories, like the wolves, were extinct—not that any
great price would be set, by an economist, on the heads of
the former. But it seems that we were in error. The
eminent naturalist, Mr. Bright, has discovered that the
species is still in existence, and raging. He declares that
there are thousands of Tories rampaging about England
(and at their leisure electing nearly half the House of
Commons) who were hungering and thirsting to undo all
the good that has been done for the last 70 years. They
are sworn and vowed to achieve certain horrible things
which ho enumerates. They are these —To re-enact the
Test and Corporation Acts, so that every Dissenter may be
turned out of every place of profit. To repeal the Roman
Catholic Emancipation Act. To repeal the Reform Act,
the Corporations Act, and the Navigation Acts. To reim-
pose the corn laws, the sugar duties, the newspaper tax,
and the paper duty. To abolish the system of national
education. To do away with the new tariff. To repu-
diate the French treaty, and to make church rates and
the Irish Church eternal institutions. This is truly
awful. We did not know it. As we said, we thought that
the old original Tory was extinct, and we did not believe
that there existed in England so groat a fool as the man
must be who entertains any one single object above stated.
If we knew the man we would burst upon him in thunder
and lightning. But we do not. Can it be that Mr. Bright
has been once more calumniating a large body of his fel-
low-countrymen merely because they do not agree with
him ? This is again an awful supposition—but is it quite
without warrant in precedent ?—Punch.
DEATH OF MISS TALBOT.—We have to announce
the death, on Thursday last, the 30th ult., in London, of
this estimable lady, in her 69th year. The deceased, Anne
Talbot, was daughter of the late Mr. William Talbot, of
Castle Talbot, and sister of the late Countess of Shrews-
bury. By her death many families of distinction are placed
in mourning. Amongst others those of the Princes Bor-
ghese and Doria Pamphili ; Talbot, Dundas, Annesley, Sir
J. Power, Lambert (of Carnagh), Bryan (of Jenkinstown),
&c.