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 Chili= 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 21 to 24- 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 shipping interest, at the London Tavern,
Duncan Dunbar, Esq., in the chair, to consider the
depressed state .of British nairigation, and to adopt
resolutions on the subject, the discussion at which
is likely ter last a considerable time.
In,the English Stock Market to-day, the deal-
ings have been limited, but prices remain steady.
There is no new feature to comment upon, specti-
lation being very much restricted ; and as the
transfer books are closed, there arc no money trans
actions to impart activity to the market for Con-
sols, which are quoted 974 4. The Government
broker continues his purchases of Reduced Annui-
ties on behalf of the Government. The New Threes
and the Reduced Annuities are 974 4 ; the March
Exchequer Bills, 365. to 38s. prem. ; June ditto,
345. prem. ; and the Bonds declined to 1001. India
Loan Debentures haye been 99: and 994, and the
Bonds 13s. to 15s. ; Long Annuities, 184.
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, let issue, is y to 4 dis. ;
ditto, 2d issue, par to 4 prem. ; Dutch 21 per
Cents, are flat at 664, and the 4 per Cents. are
steady at 1004, Spanish 3 per Cents. are marked
474 ; Russian 5 per Cents. are 1138; Chilian Loan
has been done at 4 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 58. ;
Brighton and South-Western 10s. ; Eastern Coun-
ties, 15s. ; and Edinburgh and Glasgow, £l.
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 13k ; and Australian Agricultural
have improved to 35i.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
3 per Cent. Reduced Annuities 974 *
New 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth Apr., 1885 lat
India Stock
Ditto Debentures 991 it
Ditto Bonds, £l,OOO
Ditto under £l,OOO
Consols for Account 974 i
_ _.

March - June.
Exchequer Bills, £l,OOO, 2d. &lfd 34 6 i
Ditto £5OO, 37 8 i
Ditto Small, 1Itl
Exchequer Bonds, 1859, 31 per Cent .... 1004
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Chilian, 6 per Cent. —
Ditto 44 per Cent. Scrip I p
Russian, 1822, £ St„ 5 per Cent ll3±
Spanish 3 per Cent
Turkish 6 per Cent. —
Ditto New Loan Scrip
Dividends on the above.payable in London.
batch Exchange, 12 Gull. 2} per Cent 66}
Ditto Certificates, 4 per Cent.
TWO O'CLOCK.
Consols, Money
Ditto Account, .... 976 4 x d