The Sun.
London, England, 1866-10-31 00:00:00

ONIII MARKET

AND
COZtIMERCUIL INTELLIGENCE,

LV
TEE O'.
The Money Market is easier t Wo-day, and toCLOCK the
present time not one of the numerous and heavy
bills which matured yesterday has been returned.
This circumstance speaks volumes for the caution
and prudence evinced by the commercial classes,
especially as the Indian and China business has
lately been embarrassed by the panic at Bombay
and the large failures that have been reported there
in the produce markets. To-day the inquiry for ac-
commodation is light, and the rates of the brokers
show a renewed tendency to easiness, and first-
class bills are readily taken at 3i per cent.
The reconstructioa of the board of the West Lon-
don Wharves and Warehouses Company has been
effected, and the new directors state that the land
in Possession of the company and the powers con-
ferred by the act of Parliament will, in their opi-
nion, prove to be of considerable value as reported
by the company's surveyor. It has been arranged
that all questions between the International Con-
tract Company and this company shall be settled by
arbitration.

The Stock Exchange will be closed to-morrow,
Ist November, as usual, because the transfer offices
of the Bank of England will be shut to enable the
officials to adjust the half-yearly balances of the
establishment. The following communication has
also been issued to the press :

London, 30th Oct., 1866.
Sir,---1 beg to inform you that the Mining Exchange
Will be closed to-morrow, the let of November. I am,
Sir, yours obediently,

W. C. JOHNSON, Secretary.
There are no arrivals of specie to-day, but several
vessels are expected. Bar gold amounting to
£BO,OOO was taken to the Bank yesterday, and there
was a withdrawal of 10,000 sovereigns for shipment
to Alexandria.

The revenue accounts of the Punjaub Railway
for the half-year ending 30th June, 1866, show
that the net profits realised during the half-year
amounted to £19,959, against £15,477 for the pre-
vious six months, being an increase of nearly 30
per cent. The working expenses are 62.17 per cent.
of the total receipts. The progress of the traffic on
this line affords a very, fair idea of the gradually
increasing popularity of railway accommodation ;
and if the receipts continue to increase in the same
ration as hitherto, the net profits must in the course
of a few years yield a dividend in excess of the
guarantee of 5 per cent. In order to accomplish
this, however, the Punjaub Railway must not be
allowed to remain a mere section without a proper
terminus at the sea board, and without those
branches which would connect it with the great
marts and sources of produce in the province.
At the general meeting to-day of the Royal Mail
Steam Packet Company the report presented was
adopted. The dividend is £3 per share out of the
ordinaryprofits, and a bonus of £2 per Aare from the
insurance fund, free of income tax, payable by
warrants, to be issued on this occasion (as an ex-
2eptional case) on the evening of the general meeting.
former reports the directors have alluded to the
service which the Panama and New Zealand Royal
,Mail Company (Limited) intended to establish
_betvieen Panama, New Zealand, and Australia.
The routes to those colonies in connection with
this company's line between Southampton and the
T
isthmus of Panama was opened on the 2nd June
ast from Southampton, and on the 15th of the
same month from Sydney, and it is satisfactory to
the shareholders to know that the few
voyages already mada across the Pacific Ocean
ave been performed with such efficiency as to
Justify the expectation that the line will rise
fPidlY in public favour. The directors congratu-
'_ated the shareholders again on the continued satis-
factory condition of the insurance account, which
bas a credit balance of £231,400. The amount of
expense that will fall on the company in consequence
.i' the casualty on board the Seine last year is not
zarged on this occasion, as the accounts in con-
. .ction therewith are not yet closed, but it is ascer-
tained that the expense will be considerably less
that,
to was estimated when the subject was adverted
In the last report, and the amount will probably
appear in the next account.

Two o'CLocK.
According to Reuter's telegram from Paris to-day
the French Rentes were 68f. 90c.—heavy.
1)14' Meeting waspeld to-day at the offices of the
anet Assurance Corporation (Limited), for the
813:11.1325e of electing a shareholders' auditor. It was
gra•mizl that the affairs of the company were pro-
tsing in a satisfactory manner.
Yesterday the market for Consols remained heavy
nearly day at a decline of 1 per cent., but this
affae:been recovered to-day, and for the moment
atre appear, if not very buoyant, at least
9-eedingly firm. The present prices are
for money and the account. The easiness of
,°lle3r and the probability of a decline in the mini-
ate are rate are incentives to speculation, and hence
; is more animation and an upward tendency
41 values,
tini3„,lleiliess in the Foreign Stock Market has con-
tinued moderately active. Turkish 5 per Cents.
Spanish
advanced to 301 ; Greek Bonds, to 141 ;
itifrsalliell Passive, 1 to 211 j. ; and the Certificates,
„egnsru 13/ 14 ; while the Italian Loan, 1861, has de-
-2cl If to 551
firmer tone has prevailed in the Railway Share
Chatham,
Lancashire and Yorkshire, London,
and Dover, and South Eastern have each
lroyed I ;
Manchester, Sheffield, and Lincoln, / ;
dMetropolitan, 11, while Great Western have
ecliu d V.
11 • e n North LEastern (Berwick), 1; and
rtghton,
in! moderate
Foreign and Colonial lines continue in
in! Moderate request. Imperial Mexican have
Pr'ved to 5, and East Indian, 1031 104, while
%eat Indian Peninsula have declined to 106 /.
rest The lie dealings in Bank Shares have been very
ilrieted. Chartered of India, Australia, and
4_ Ina have improved to 17i ; London Joint Stock,
d'u 42i ; and Imperial Ottoman, to 91 ; while Lon-
'4l and County have declined to 61 ; Alliance re-
steady, at 18/ 19.
In the Miscellaneous Market there has not been
tillell animation. Anglo-American Telegraph have
bare
to 141; Atlantic Telegraph 8 per Cents.
aye declined 'to 821 ; Credit Foncier of England
are marked
31
1 ; Londin Finaneial, 9/ 101 ; and
National Discount Company, 14/.
American Securities show little variation of
6im-
portance.
United States 5-20 Bonds are marked
ih; Erie Shares have improved to 501 511 ; and
'4lmois Shares declined to 771.
The traffic receipts on the Detroit and Milwaukee
Railroad for the week ending the 18th October,
1866, amounted to £52 14s. 6d., and for the corre-
sponding week in 1865 the amount was £52 Os. 6d.