The Sun.
London, England, 1869-02-11 00:00:00

ONLY M.A_REEi

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
Consols are 93 2/ for money ; ditto, for Ac-
count, 93 ; Three per Cent. Reduced, 931 I ;
New Three per Cents, 93i 1 ; ditto Annuities,
April, 1885, 12; ; Bank of England Stock, 4 per
Cent., 242.

India Stock, 10} per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 1121 ; ditto 4 per
per Cent., Oct., 1888, ; ditto Enfaced
10
Paper, 5 per Cent., 1051 ; ditto 5 per Cent„ 1882,
5,

In the Foreign Stock Market the general course of
prices was favourable, owing to addition purchases,
both speculative and bona fide. Brazilian of 1865,
Danubian of 1861, Turkish of 1858, and Egyptian
of 1864 left off higher ; Turkish of 1862, 4 ;
ditto Six per Cents. of 1865, ; Greek and New
Granadian, "ex all," 4 ; and Spanish of 1867, .
On the other hand, Venezuelan of 1862 and 1864
fell 1 per cent. ; the Viceroy of Egypt's Seven per
Cent. Loan, i ; and Italian of 1861, I.
,The transactions in Bank Shares were upon a
moderate scale, but London and Westminster and
Union of London improved 10s., and Agra (A) ss.
Ou the other hand, Bank of Egypt declined £l,
and Imperial Ottoman 2s. 6d.—viz., to 2i to 21
prem. •

The market for Miscellaneous Shares showed a
favourable tendency. East and West India Dock
stock improved £1 10s. ; London and Glasgow
Engineering and Royal Mail Steam, £1; Peninsular
and Oriental, 10s. ; and Anglo-Mediterranean
Telegraph and Otago Investment, ss. Berlin
Waterworks, ss. Merchant Shipping were excep-
tionally flat, and declined £l.
United States 5-20 and 10-40 Bonds were in re-
quest, and improved to / per cent. ; but Atlantic
and Great Western Railway De.bentures and Con-
solidated Mortgage Bonds fell I.
Apart from a trifling decline in International
financial shares were without change. Prices
closed as follows :—General Credit, 1 13-16 to
1046 dis. ; International, 1 7-16. to 5-16 dis. ;
Credit Foncier, 31 to 1 per share; London 22 to
20 dis.
Atlantic Cable Shares were unaltered. Anglo-
American were:quoted 221 to ; and Atlantic
Telegraph Eight per Cent. Preference at 4 1-16 to
3.46. Heaton's Steel and Iron shares were quoted
to 1/ prem. ; and Nictheroy Gas, / to / prem.
There were no gold operations at the Bank yes-
terday.
The total withdrawals during this week
knce the date of the last return have been £164,000.
It is announced by the Board of the South-
Eastern Railway Company that the accounts show
---subject to audit—an available balance adequate
ceto the payment of a dividend at the rate of 4 per
nt. per annum upon the ordinary stack, after pro-
viding for all preference charges, and leaving a
balance to be carried forward, or otherwise dealt
with as the proprietors may decide.
The directors of the Salisbury and Yeovil Rail-
way Company have agreed to recommend a dividend
on the ordinary shares at the rate of 7 per cent. per
annum for the
balance of
Z 1,906.
following returns relating to cotton have
:ust been issued from the Board of Trade. Cotton
In stock December 31, 514,568 bales ; imported
tiring January, 227,075 bales ; forwarded from
mland towns to ports, 500 bales ; total, 2,416,517
kwts• Cotton exported during January, 90,205
ual
; forwarded inland for consumption, 256,941
es ; total, 1,188,701 cwts. Cotton in stock
January 31, 1,227,816 cwts.
It is understood that Mr. H. G. Gordon, who
aBt week resigned his position as chairman of the
Oriental Bauk, yesterday resigned his connection
with the Union Bank of London, of which prosper-
ous establishment he was one of the oldest and most
efficient directors.
The failure of Messrs. Parkinson, Baguley, and
b'Cl' a small manufacturing firm at Blackburn, has
een announced, with liabilities for £lO,OOO.
The Liverpool Financial Association is to be
Wound up. At the fifth annual meeting, held yes-
day, it was agreed by a majority of 37 to 29,
" That, in the opinion of the shareholders present,
it is desirable to wind up, voluntarily, the affairs
Of the Liverpool Financial Association (Limited) ;
and the directors are hereby requested to call an
aextraordinary general meeting of the shareholders
t as early a period as may be convenient, for the
Purpose of carrying this resolution into effect."
, A correspondent suggests the introduction of a
°di, during the ensuing session of Parliament, to
„ImPpress the practices of the advertising money-
lenders in entrapping youths just entering the mili-
jail' and other professions. But the common law
L 3 sufficient for the purpose, provided the bargain
be induced by corrupt means, and any additional
measure therefore must simply aim at checking
ta° exercise of free will by limiting, in some way,
theclod
conditions on which an agreement to borrow
o,°,4eY may be made. This was the object of the
to usury laws, which, like all efforts of the kind,
Wwiere found to favour the operations of rogues, to
t,Q°lll7 in fact, they left an undisputed field, since
fAct of honest men being debarred from grant -
loans at. exceptional terms brought all such
trLsactions solely within the scope of those who
Would
devote their ingenuity to the easy task of
old the letter of the statute. Moreover, the
th difficulty would still remain of preventing
oce folly which is shut out from one mode
'• exercise
t from finding forthwith another. Pro-
tectionagainst imprudence is like protection in
rade. If you try to make men wise or virtuous by
prohibitions, the system must extend over the whole
range of life. The only mode in which the low
moneylenders can be checked is by their being
publicly hounded down upon all occasions, and also
by the exercise of vigilance on the part of juries
*whenever a claim is tried in which a taint of their
Proceedings can be detected. The circulars of these
People Carry their own condemnation, and if those
Who reaeive them will from time to time take steps
to have them published the position of their authors
Would soon become intolerable.

BRITISH FUN)!!—TWO O'CLOCK.
, GOVERNMENT FUNDS.
° per Cent. Consols
Ditto for Account,
111 per Cent. Reduced 931 1
New 3 per Cent
liew 21 per Cent. Jan. 1894
Do. 5 per Cen J 111.1873
Annuities, 80 yrs, expire sth Jan., 1881' —
Do. for 30 yrs, expire sth April 1885 l2l
b Do (Red Sea Televaph), Aug., 1908
Do
'lcelneque.r Bills, £l,OOO, 2 per Ct.
Do.
£5OO
IRnk of England Stock, 4 per Cent
, 00. account
I,nnada 4 per Cent. Bonds —
Anter-Colonial Omniurn
x„,, . INDIAN GOVERNMENT !SECURITIES
41`,.,1tt took, 10f per Cent., April 1874 —
'-`,°. Opening, for Account -
;;°. 5 per Cent. July, 1880
''',°. 4 per Cent., Oct. 1888
?4'o.
De
Certificates —
).. &dace(' Pape. 4 per Cont —
u° °. 5 per Cain., Jan. 1872 . lO5l
D') Si Per Cent. May 1879
Per Cent., Rup. Deb. 1872 —
do, 1877
80. do. 1882 lO5
1)-. Bob., 5 per Cent., Aug. 1873
• uonds, 4 per Cent., 41,000
n 0• tinder 41,000

FOREIGN FUNDS—TWO
79 f 81 9
O'CLOCK.
Argentine Republic, 6 per Cent
_
Do., Scrip £45 paid ..
_
Aultrian bonds 5 per cent
63
Do. 1859
trAzilian 5 per Cent
1,1)3' q Per Cent., 1862
'Jo. do. 1858.....
Do. do.,
1860
_
1)0 do
1863
_
Do. 5 per 'bent 1865
.1
83 }
1)0 Account
_
1,1 •etlos Ayres 6 per Oen%
DJ 2 per Cent. (Deferred 3 per Cent ,
C4I)R, per Cent.
(Lilian 6 per Cent
~1)0/)o. 4 4 per Cent...—. ....... ....
--
. 3 per Cent., ..........................
r, uo',o. 6 per cent. 1867.. .....................
. 7 per Cent., 1866 .....................
,J lolabian, 6 per Cent.
DeDan'sh. 3 per Cent. 1825 ...... ...
Dan ilioan Principalities 7 Or Cent-- 771
8 per Cent., 1867...
LgyptEquador New Uonsolidated, 1 per Cent
ian, 7 per Cent .......................
Lo kincond Issue ............... .. ..