The Sun.
London, England, 1858-12-30 00:00:00

111 217 .ET .11 A I?.E. T 217 7) CITY NE rrs.

CITY, Two o'CLocu.
An active demand for money is still experienced
both in Lombard-street and at the Bank. Besides
the requirements of the commercial community-,
which are extensive, as usual at this period of the

year, several heavy calls are being paid, and hence
the slight pressure now apparent. Many are
disposed to think that ,the inquiry will be
sustained even after the engagements, which
will arrive at maturity during the next fort-
night, are provided for, and the impending issue of
Australian debentures, and the anticipated loan for
Russia, are referred to as operations likely to
exercise an important influence upon the general
course of financial affairs. The supply of capital
available in the open market has already been
much reduced, and yesterday the demand at the
Bank was stimulated by the discount-brokers, who
were also among the applicants for accommodation.
A further advance of yd. per oz. standard has
taken place in the silver market, the supply being
limited and the demand active. The exports during
the next few weeks are expected to be larger than
for some time past.
The principal topic of conversation in financial
circles is the formal announcement of the Australian
Railway Loan. The total amount, authorised by
the Government of Victoria is £8,000,000, and of
this large sum, £7,000,000 will be negotiated in
the London market. The present operation, how-
ever, merely consists of a portion, viz., one million
sterling, in 6 per cent. debentures, payable
half yearly, and secured on the Colonial re-
venues. Tenders are invited for these securities,
and the adjudication is appointed to take place on
the 7th prox. The security being perfectly satis-
factory, and interest offered equally favourable, it
is expected that numerous applications will be sent
to the committee of the Australian Banks, who
have undertaken the contract. A payment of 5 per
cent. on the amounts asked for must be paid before-
hand, and the balance will have to be subscribed
on the Ist February, when the debentures may be
obtained. Unlike most financial projects of this
kind, the whole amount will be immediately secured,
instead of receiving it in instalments spread over a
period of several months. Although the sum
now to be raised is only one million, it will
tend, with other periodical engagements,
to stimulate the demand for money, and im-
part increased firmness to the rates of discount.
Speculation is rife with regard to the price at
which these new securities will be negotiated.
The views of those who intend to subscribe, how-
ever, will be more satisfactorily ascertained a few
days prior to the adjudication. At present the
prospective price ranges between 106 and 109.

A general court of proprietors of the Canada
Land Company was held to-day—Charles Franks,
Esq., in the chair. The report gave a statement of
transactions in Canada from Ist January to 3d
December, 1858, as follows :—Land sold, 1,379
acres at an average price of 20s. 7d. per acre,
and land leased 11,312 at 445. ld. average per
acre, together 12,691 acres. The land leased and
converted into freeholds was 25,703 acres at 17s. ;
and that leased for five years, 2,981 acres. The
receipts for 1858 amounted to £37,530 currency.
It was stated by the Chairman that the directors
had sold the harbour of Goderich to the Buffalo
and Lake Huron Company for £13,000, which they
hoped would be the means of increasing the value
of their surrounding land districts. The accounts
were passed, and a dividend for the half year of
30s. per share was declared.
Increased depression is apparent in the market
for English Securities. Sales continue to be made
by the speculators, who are influenced 'by the in-
creased demand for money, the augmented ex-
portation of specie, and announcement of the
Victoria Railway Loan. Consols have consequently
receded to about 96t I, and the market appears
yery feeble. The New Three per Cents. and the
Reduced are heavy at 971 :1; Long Annuities are
18 3-16ths ; India Loan Debentures are steady at
991 -1; and the Bonds 15s. prem. The March Ex-
chequer Bills are 365. prem. ; June ditto, 395. prem.,
and Bank Stock is marked 2251.
Business in the Foreign Stock Market is quiet,
and prices in general show a slight downward
tendency. Turkish 6 per Cents. are heavy at 911
to 92 ; ditto Scrip, Ist issue, 11 to 1 dis. ; ditto, 2d
issue, 11 to 1 dis. Chili= Loan is marked par to
prem.; Portuguese 3 per Cents. are steady at 481;
Grenada Deferred have receded to 51; Dutch 4 per
Cents, to 1001; and Brazilian 41 per Cents. to 95;
ditto, 1829 and 1839, have been dealt in at 102 ;
Venezuelan 5 per Cents., however, are rather
firmer, viz., 444.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1858.
Great Western
North-Western
South-Western
Brighton ' -
Midland
South-Eastern
Great Northern
Lancashire and Yorkshire
Bristol and Exeter 5,881
North-Eastern
Chester and Holyhead
East Lancashire 5,710
Lancaster and Carlisle
Manchester, Sheffield, and Lincoln
Oxford, Worcester, and Wolverhampton 4,616
West Hartlepool
Edinburgh and Glasgow 5,373
Glasgow• and South-Western
Grand Trunk of Canada
Great Western of Canada 7,051
Lombardo-Venetian 7,977

The transactions in the Railway Share Market
to-day have been of a moderate character. Some of
the principal lines, however, show a slight im-
provement owing to the favourable character of
the traffic returns. South Western, Edinburgh,
Perth and Dundee, and Manchester, Sheffield, and
Lincoln advanced ss. ; Great Western, North
Western, and South Devon, 10s. ; and Chester
and Holyhead,lss. ; Eastern Counties, Lancashire
and Yorkshire, Midland, and North British de-
clined 55., and Brighton £l. The Foreign lines
are at quite nominal rates. In the Colonial Market
Grand Trunk of Canada have improved 10s. ; Great
Western of Canada, ss. ; and East Indian, 10s.
Joint Stock Bank and Miscellaneous Shares
show no material variation. London and County
have declined to 29-1, and Canada Land have im-
proved to 1141 115.

BRITISH FUNDS—CLOSING PRICES.
tank Stock
3 per Cent. Reduced Annuities 974 k 7
Now 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth April, 1835 lB 346
India Stock
Ditto Debentures 991 i I I
Ditto Bonds, £l,OOO
Ditto under £l,OOO • l5
Consols for Account 961 11 I
March June.
Exchequer Bills, £l,OOO, 2d. & Ifd.. I
Ditto £500
Ditto Small, I.ld.

FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent.
Ditto 1829 & 39, 5 per Cent lO2
Ditto 1858, 44 per Cent. 95
Chilian, 6 per Cent.
Ditto 41 per Cent. Scrip par
Danish, 1825, 3 per Cent.
Ditto 5 per Cent.
Grenada New Active, 2i per Cent.
Ditto Deferred
Mexican 2 per Cent 2ok
Portuguese, 1853, 3 per Cent.
Ditto Account
Russian, 1822, 2 St., 5 per Cent ll3
Ditto 41 per Cent.
Sardinian, 5 per Cent. so
Spanish 3 per Cent
Ditto Account • 471
Spanish Com. Cert. of Coup. not funded 0 i
Turkish 6 per Cent. , 92 1/
Ditto Account
Ditto New Loan Scrip li 1d
Ditto Account
Ditto Guaranteed, 4 per Cent.
Venezuela, 5 per Cent.
Ditto Account ~..,
* 44
Ditto Deferred 2 per Cent l7l 16k
Dividends on. the above payable in London.
Dutch Exchange, 12 Gull. 21 per Cent —
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.
Consols fur Account 96/ 1 ad

BRECONSIIIRE ELECTION.—At Brecon, on Tues •
day, Major G. C. Morgan, son of Sir C. Morgan, Bart., of
Tredegar-park, was returned without opposition for the
county, in the place of the lato Sir John Bailey, Bart. The
hon. 4nd gallant member was represented by his father,
being unable to attend himself from severe illness. The
gallant major, who distinguished himself in the cavalry
charge at Balaklava, is a moderate Coisecvative.