The Sun.
London, England, 1858-12-29 00:00:00

MONEY MARKET AND CITY NETTS.

CITY, Two O'CLOCK.

The progress of business in City circles, as usual
at this period of the year, presents no features of
public interest. The attention of all who are en-
gaged in business is absorbed in the arrangements
of annual accounts, and other routine proceedings
necessary for bringing the affairs of the old year
to a termination. There is consequently very little
information to furnish in this department. A fea-
ture, however, which attracts observation is the sus-
tained inquiry for discount accommodation, and the
increasing exportation of specie to the continent
and to the East. During the ensuing month the
shipments of both gold and silver will represent a
large aggregate amount. To China very heavy
remittances are likely to be made, in consequence
of the late advance in the exchanges at Hong-
kong and Shanghai. Consignments to the conti-
nent will, therefore, be stimulated for the purchase
of the requisite supplies of that metal. It is not
expected, however, that any material inroad will
yet be made upon the stock of bullion at the Bank
of England, as it is imagined that the arrivals from
Australia and other resources will be maintained
on an extensive scale.

The bar silver brought by the last West India
steamer has been disposed of at 6lid. per ounce
standard, and the few Mexican dollars at 611,d.
per ounce.

In the Foreign Exchanges yesterday afternoon
no material alteration was apparent.
The Norman has arrived from the Cape of Good
Hope with £3,380.

The Liverpool Cotton Market, yesterday, closed
steadily, and prices were unaltered. The sales
were estimated at 6,000 bales. In the Railway
Share Market the transactions were of a very
limited character, and at about former values.
The English Stock Market continues in a very
inactive state, although indications of firmness are
still apparent. Speculative dealings are still of the
most limited description, and until the present
account is liquidated, namely, on the 11th proximo,
an active resumption of business is scarcely antici-
pated. Consols are about 961 97—the bona fide,
as well as the time dealings, not being sufficiently
extensive or diversified to create fluctuation.
Bank Stock is flat at 225. The New Threes are
marked 971 -I, and the Reduced 97k 1. Long
Annuities are 18. The March Exchequer Bills are
365. to 395. prem. ; and the June ditto, 365. to 395.
prem. India Loan Debentures are heavy at 991 1,
and the Bonds 17s. prem.

In the Foreign Stock Market the dealings have
been of a rather limited description, and prices are
steady: Turkish 6 per Cents, are 92 ; the Scrip,
Ist issue, 1 to 1 dis. ; ditto, 2d;l to 1 dis. ; Chilian
Loan has been dealt in at par to 1 prem.; Braziliai
6 per Cents. are firm, at 103 ; Spanish 3 per Cents.
at 48; the Deferred at 314 ; Venezuelan 5 per
Cents, at 441 ; Russian 5 per Cents. remain at 113 ;
and Dutch 21 per Cents. receded to 661 and 67.

The settlement of the account has been the chief
business attended to in the Railway Share Market
to-day, and prices have been well maintained.
Several of the principal lines show an improve-
ment of about to Q per cent. Chester and Holy-
head, Great Northern, and Manchester, Sheffield,
and Lincoln have advanced ss. ; Eastern Counties,
Great Western, Midland, and North British, 10s. ;
and North Western and South Eastern, 15s.
South Western have declined about 10s. The foreign
lines have been neglected, and prices are nominal.
In the Colonial Market, East Indian receded 10s.,
and Great Western of Canada 55., Grand. Trunk of
Canada brought about former quotations.

Joint Stock Bank and Miscellaneous Shares are
very quiet, no alteration of importance having
taken place in prices.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 97k 1 1 I
New 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 li
Ditto 30 Years, expire sth April, 1885 lBl •
India Stock
Ditto Debentures 991 I
Ditto Bonds, £l,OOO
Ditto under £l,OOO
Consols for Account 961 7
March June.
Exchequer Bills, £l,OOO, 21. & 10.. 36 9 3& 9
Ditto £SOO
Ditto Small, lid.

FOREIGN FUNDS—CLOSING PRICES.
Prazilion 5 per Cent.
Chilton, 6 per Cent
Ditto 3 per Cent. Scrip
Portuguese, 1853, 3 per Cent.
Russian, 1822, £ St., 5 per Cent ll3
Sardinian, 5 per Cent. 9of
Spanish per emit 4B
Ditto New Deferred, 3 per Cent • 3l
Turkish 6 per Cent 921 a lt
Ditto Account
Ditto New Loan Scrip a 1 d
Ditto 2d Issue
Ditto Account
Ditto Guaranteed, 4 per Cent. . . ....
Venezuela, 5 per Cent.
Ditto Deferred 2 per Cent l7f I
Dutch Exchange, 12 Guil. 21 per Cent.,

THREE O'CLOCK.
Consols for Account