The Sun.
London, England, 1858-12-15 00:00:00

MONEY MARKET AND

CITY NEWS.

CITY, Two O'CLOCK.
The demand for discount accommodation con-
tinues rather brisk, at previous rates; and at the
Bank of England the applications are more nume-
rous than for some time past. The settlement of the
account in foreign stocks and railway shares,
now in progress, has stimulated the inquiry, and
the payment of the 20 per cent. instalment
of the Chilian Loan, due to-day, has also contributed
an influence. At the same time the current re-
quirements of the commercial community, who are
preparing for the usual disbursements at the end of
the year, absorb a large aggregate amount of capi-
tal. The increased activity of the market, there-
fore, is easily explained, but no permanent
change in the rates is anticipated, and
many are of opinion that increased quietude will
be experienced as soon as the engagements now
maturing are liquidated The terms charged in
the open market are 2.1, to 21 per cent.; but as the
supply is still very abundant, and competition is
active, ample facilities exist for the obtainment of
discount accommodation.

The foreign exchanges yesterday afternoon
exhibited no alteration of importance, except for
Trieste and Vienna, which were slightly lower.
Letters from Liverpool state that the Cotton
Market yesterday presented a steady appearance,
and prices were unaltered. The sales amounted to
8,000 bales. In Railway Shares a moderate
business was transacted, and quotations continued
to improve.
An important meeting is being held to-day of
the ship Ping interest, at the London Tavern,
Duncan Dunbar, Esq., in the chair, to consider the
depressed State:of British navigation, and to adopt
resolutions on.the subject, the discussion at which
is likely to last a considerable time.
In the English Stock Mniliet, to-day, the deal-
ings have been limited, but prices remain steady.
There is no :new feature to comment upon, specu-
lation being very. much restricted ; and as the
transfer books are closed, there are no money trans-
actions to impart activity to the market for Con-
sols, which are quoted 971 1. The Government
broker continues his purchases of Reduced Annui-
ties on behalf of the Government. The New Threes
and the Reduced Annuities are 971 4 ; the March
Exchequer Bills, 365. to 38s. prem. ; June ditto,
345. prem. ; and the Bonds declined to loot. India
Loan Delientures hnve been 99a and 991, and the
Bonds 13s. to 15s. ; Long Annuities, 181.
In the Foreign Stock Market the transactions
have been limited, and prices, in most instances,
have been well maintained. Turkish 6 per Cents.
are 93 to 931 ; the Scrip, Ist issue, is I to 1 dis.';
ditto, 2d issue, par to 1 prem. ; Dutch 21 per
Cents. are flat at 661, and the 4 per Cents. are
steady at 1001, Spanish 3 per Cents. are marked
47* ; Russian 5 per Cents. are 1131; Chilian Loan
has been done at 1 1 prem.

A steady business has been transacted in the
Railway Share Market, and prices, in most in-
Stances, have slightly improved. Great Western,
Lancashire and Yorkshire, North-Western, Mid-
land, and South-Eastern have improved ss. ;
Brighton and South-Western 10s. ; Eastern Coun-
ties, 15s. ; and Edinburgh and Glasgow, Ll.
Caledonians have declined 10s., and Great Northern,
Ss• The Foreign lines have been at almost nominal
quotations, but the Colonial have slightly advanced.
East Indian have improved ss. ; Grand Trunk of
Canada, 10s. ; and Great Western of Canada, ss.

For Joint Stock Bank shares there has been a
very limited inquiry. Bank of Egypt declined
as.; London and Westminster improved ss. ; and
Ottoman Bank, ss.
In the Miscellaneous Market, Anglo-Mexican
Mine are firm, at 131 ; and Australian Agricultural
have improved to 351.

BRITISH FUNDS—CLOSING PRICES.
per Cent. Reduced Annuities
Long
OW 3 per Cent. Annuities
'"Ong Annuities, expire sth Jan., 1860 :—
Ditto 30 Years, expire sth Apr., 1885 lB}
India Stock
Ditto Debentures 991 i i
Ditto Bonds, £l,000
bitt,o under £l,OOO
Consols for Account 97i i i

March June.
chequerx Bills £l,OOO, 2d. &lid.— 34 6
Dit xso,
~Ditto to Small, lfd.
'4ollequer Bonds, 1859, 3f per Cent 1001 I

FOREIGN FUNDS—CLOSING PRICES.
Claim, 6 per Cent
I)itto 41 per Cent. Scrip till).
rinador New Consolidated
Mexican 3 per Cent. , —
Ditto Account . 2041
Portuguese, 1853, 3 per Cent.
Russian, 1822, £ St., 5-per .Cent ' ' ll3l
Ditto 41 per Cent.
SPanish 3 per Cent. 47,
Ditto New Deferred, 3 per Cent. 3l
Turkish 6 per Cent . —
Ditto New Loan Strip fdparid
~_Ditto Guaranteed, 4 per Cent.
Venezuela, 5 per Cent.
Ditto Deferred 2 per Cent.
Dividends on the above payable in London.
I)4tch Exchange9 12 Guil. 21 per Cent 661
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.

Console, Money
Ditto Account, Jan. 11 .... 97k d

STATE OF TRADE.

MANCHESTER, DEC. 14.

It is usual for this market to be flat in November
told December, but, contrary to general expectation,
there is now a good demand for almost all classes
bf yarns and cloths. If there occurs two or three
flat days they are followed by an exceedingly brisk
one, which keeps stocks low and producers con-
ttantly under contract. This day's market has
Prices
decidedly firm, with a higher tendency in
erlces generally.

LEEDS, DEC. 14.

The cloth markets have been steady this morn
lg, and a fair amount of business has been done ;
but the supply of new fabrics to the halls continues
'0 be comparatively small, so that there are fewer
sales in the public markets than have often taken
riace when trade was far from being so brisk as it
at present. There is a good business doing
'lrectly between manufacturers and merchants, and
the
tone of to-day's markets indicates that the
trane continues in a healthy state. Prices
ol'e, firm, and, indeed, from causes recently pointed
14. in these reports, they tend upward.