The Sun.
London, England, 1846-12-30 00:00:00

There have been but a very few bargains made in the
Foreign Funds this morning The Peruvian Six per
Cents. have been sold at 40 ; the Portuguese Four per
Cents. at 381; Spanish Consols at 261; the Dutch Two-
and•a-Half per Cents. at 604 ; and the Four per Cents.
at 931.

The- market for the Shares and Railway Scrips has
been heavy to day.

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES.
Bank Stock .205 206 206

3 per Cent. Reduced Ann 5........ 94% 94 9414
New 314 per Cent. Annuities...... 95% 96 95% 955,
Long Annuities to expire Jan.lB6o 97/8 9 15-16
India Bonds, 1,0001 —
Ditto under 1,0001... .... 16 p 16 p
Consols for Opening ' 94 933% 933/4
Exchequer Bills, 10001. 1%d.... 12 8 11 p 11 p
Ditto, 500/
Ditto. Small
ONE CLOSING
PRICES OF FOREIGN FUNDS. O'CLOCK PRICES
Brazilian Bonds
Granada Bonds, 1 per Ceat. — 19%
Ditto, Deferred .— 35/8
Mexican, 5 per Cent. 1846 — 2414
Ditto, Account
Peruvian Bonds, 6 per Cents 4O 40
Portuguese Bonds, 4 per Cent
Russian Bonds ...... 111 1111,4
Spanish 5 per Cent. 1840.
Ditt• 3 per Cent. ...... 3$
Dividends on the above payable in London.
Dutch, 2% per Cent
Ditto. 4 per Cent. Certificates 9314 9314
PRICES OF BUS/NESS DONE CLOSING
RAILWAY SHARES PAID. AT ONE O'CLOCK. PRICES.
Abe:doen

Amber., Lott., Boston,
and Eastern Junction 2%...... 3 2%
Armagh, Coleraine, and
Portrush —
Belfast & County Down 4% —
Birmingham and Dudley 425. 61/4 p.. .
Birmin. and Gleucester..loo
Ditto New
Birmingham and Ox-
ford Junction
Birkenhead, Lancashire,
and Cheshire June.... 2% — .
Boston, Stamfd, & Birm. 225.
Bristol and Exeter
Ditto, New
Bristol and Gloucester 3O ......
Bristol and Liver. June.. 21/4.--
Buckinghamshire
Caledonian
Ditto Half Shares 2l/4 2l/4%
Ditto, Clydesdale June 25 ......
Chester and Holyhead... 271/4 254,
Claurnet and Blythe
Chester and Manchester 425.
Cheltenham and Oxford 2
Clarence lOO
Do. let Class, 6 per Ct 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
Cork and Killarney 21/s
Cork and Waterford ... 11/4
Cornwall
Ditto, Half Shares ... 21/4 —
Direct Lincoln, East Ret-

••• 6% P

ford,and Shoffd. June. 25/,',
Direct Northern
Direct Norwich
Dublin and BelfastJunc. 121./

Dublin, Belfast, and
Coleraine
Dundalk & Enniskillen 10
Eastern Counties 141. 165....... 23%
Ditto New l2l 165

Ditto Perpetual, 5 par
Cent, No. 1....... 6/. 13s. 4d...
Ditto ditto, No. 2... GI. 13s. 4d... %',4 p
Do., York Extension.. 2 ...... 3.?),
EastDereh'm andtior'eh 1
Eastern Union
Ditto Quarter Shares 10

Do. Exten.(Harwich) 174 — ......... .....
Do., Camb. and Ely.. 2% —
East Lancashire
Ditto. New
Do., do. (late Preston
and Ormskirk)...
Do., do., New Scrip ll4 ..... ... ... ......... ••East Lincolnshire
East & West of England 1X......
Edinburgh and Glasgow 50 •••••• ...•••.••••• "
Ditto Half Shares ... 10
Ditto, Quarter Shares 1214 ......
Edinburgh & Northern.. 12% — ............•••
Edinburgh and Perth... 3
Ely and Huntingdon ... 12% —
Enniskillen and Sligo ... 21; ......
Exeter,Yeovil,& Dorset 2% ......
Glasgow,Kilmar.,&Ayr 50 ••••••
Ditto New
Do., 14 Shares (5 per ,
cent. guar.) ...
Got,le' Doncaster,_&c.
Great Eastern &Western 2%.••••• ........ ... ..
Great South. and West.
(Ireland)
Great Munster ... 2% ......
......
Great North of Scotland 2%......
GreatNorthof England-100
Ditto New
Ditto, New .
••• --
Ditto, New
Great Western B5
129
Ditto % Shares ...... . 50
Ditto 14 Shares.... 10
Ditto Fifths ............ 20
Ditto, New .......... ... 2
Huddersfield & Mooches. 13
Ditto, Extension ...... 3
Hull and 5e1by............ 50
Do. Half Shares 25
Ditto 14 Shares
Ipswich & Bury St. Edm. 14 ~....
Do., do., and Norwich 5
LAncaster and Carlisle... 50
Do. New
•••• •••
Leeds and Bradford 3O
Leicester and Bedford... 16s.
Leeds, Dewsbury, &c.... 221%
Do., Branch (Blue) ... 2% — ••••••
Do.Extension(Green) 21,2.....
Leeds and Thirsk 17%...... 16%..... ...... ...
Ditto, New 5
........ ••••••
Do., Prefer., 6 per Ct. 3% —
Do., Mactistr & New

castle Junction 2l/4 `"AZ:3Oii .....
L )ndon and BlackTraU. 16/. 133. 4d 8%

MONEY and COMMERCIAL NEWS.
(From The Sun of last Night.)
The sales of cotton at Liverpool yesterday were abont
14,000 bales, including 8,000 on speculatioe. The mar-
ket was more active, and *d. per lb. higher than on
Friday last. American sold at 50. to 7*(l, and Surat
at 4id. to 50. per lb. Shares were higher generally.
Although the market generally was not so strong, yet
a.good business was done at Messrs. Lamond and Co.'s
sale of Railway Shares to-day, at steady prices ; and
buyers came forward with spirit for the bitter descrip
tions of stock. The following are a few of the prin.
cipal sales :
East Indian ...
South Yorkshire, Doncaster, and Goole 2 7 6
Great Luxembourg ...
Waterford, Wexford, and Valentia 0 4 6
Taw Vale Extension and Dock ..
Eastern Counties, York Extension 3 12 6
Manchester and Southampton, 1847 1 12 6
Newport and Abergavenny
Liverp. Manch. and Newcastle-upon-Tyne 2 10 0
Ambergate, Nottingham, and Boston
Shropshire Union and Canal (scrip) 1 17 0
Shrewsbury and Hereford
London and Manchester (Remington's) 0 9 6
Madrid and Valentia
The formation of railways in the colonies, as is well
known, is a very different affair to the same course here,
the scattered population being one obstacle, and the
cheapness of land an advantage which partly counter-
balances this. A most interesting meeting, which will
serve to illustrate the singular points of difference be-
tween railway construction here and in the colonies, had
been held in Port Phillip, according to advices received
to-day. The committee appointed report that—
" Although railroads in Great Britain and on the Con-
tinent of Europe are intended merely to afford the
means of cheap and rapid conveyance of goods and pas-
sengers between the great centres of population in
thickly peopled countries, it appears to your committee
that they are not only applicable to the circumstances of
a new and unsettled country like the western district of
Port Phillip, but capable of being made available,
in the highest degree, for the settlement of
such a country, with an industrious population ; for as
the land in this district is almost exclusively the pro-
perty of the Crown, and by the Crown Land's Act of
this colony, shall not be sold for less than a certain
minimum price per acre, provides that one-half
of the proceeds of the sale shall be appropriated
towards immigration while the other may be
appropriated in any way to render the land
available for its future possessors, it appears to
your committee that the construction of a railway in
this portion of the territory, with a portion of the funds
to be derived progressively from the sale of such land,
will prove conducive, in a remarkable degree, to the
speedy settlement of this most promising district, with
an industrious and comparatively virtuous population.
" With respect to the cost of a railway in every respect
suitable for this country,yourcommittee are of opinion that
the indigenous timber of the country, which is easily
procurable, of the first quality, along the whole line is
admirably adapted for the purpose, without the addition
of iron rails, and they have ascertained that a railway
of such materials, suited to the wants of the population
(i. e., consisting, in the first instance, of a single line
of rails) could be laid down at a cost of 1,000/. per
mile. There is a wooden railway of this kind on
Tasman's Peninsula, in Van Dieman's Land, which
your committee are credibly informed answers the pur-
poses of its construction perfectly.
" The sub-committee appointed to report on the sub-
ject of revenue have had great difficulty in arriving at a
correct estimate of the revenue to be derived from the
amount of traffic along the line, because there is no
established mode of transport in the district, every
settler at present being obliged to cart his
own goods, a system universally admitted to be most
expensive. They have ascertained, however, from
official returns, that the quantity of general stores landed
at Geelong last year, amounted to 5,100 tons ; two-
thirds of this goes into the interior, and it may fairly be
presumed, therefore, that 2,000 tons will go along the
railway. The quantity of wool shipped from Geelong,
exclusive of what may have come from Melbourne, for
the last year, was 8,122 bales, one half of which wonld
come along the line, to which may be added 2,000 bales
taken to Portland, and 1,000 to Port Fairey."
The revenue of Port Phillip, according to the advices
received this morning, has reached over 95,000/., but a
very considerable amount is to be devoted to the Sydney
district. Business was good at Port Philip.
Consols for the Account have been flat this morning—
the prices having receded from 94 to 934 ; the Three-
and-a•Quarter per Cents. have ranged trom 96 to 95i ;
the Three per Cents. Reduced from 941 to 94 ; and Ex-
chequer-bills Bs. to 12s. premium ; Bank Stock is
firm, at 206.