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

ONLY MARK;T

AND .
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
Console are 93 21 for money ; ditto, for Ac-
"lilt, 93 ; Three per Cent. Reduced, 93+ ;
l‘iew Three per Cents, 93i + ; ditto Annuities,
April, 1885, 121. ; Bakik of England Stock, 4 per
Cent., 242.
India Stock, 10f per Cent., April, 1874, ;
ditto 5 per Cent., July, 1880, 112+ ; ditto 4 per
Per Cent., Oct., 1888, ; ditto Enfaced
05e
r, 5 per Cent., 105+; ditto 5 per Cent„ 1882,

In the Foreign Stock Market the general course of
Priees was favourable, owing to addition purchases,
both speculative and bona fide. Brazilian of 1865,
Danubian of 1864, Turkish of 1858, and Egyptian
of 1864 left off higher ; Turkish of 1862, ;
ditto Six per Cents. of 1865, ; Greek and New
Granadian, ,g ex all," 4 ; and Spanish of 1867,
On the other hand, Venezuelan 0f,1862 and 1864
ell 1 per cent. ; the Viceroy of Egypt's Seven per
Cent. Loan, ; 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.
On the other hand, Bank of Egypt declined £l,
and Imperial Ottoman 2s. 6d.—viz., to 21 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, 58.- Merchant Shipping were excep-
tionally flat, and declined
United States 5-20 and 10-40 Bonds were in re-
quest, and improved to per cent. ; but Atlantic
and Great Western Railway Debentures 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 k 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
3-16. Heaton's Stet' and Iron shares were quoted
Ito 1 prem. ; and Nictheroy Gas, 4to .1 prem.
There were no gold operations at the Bank yes-
terday. The total withdrawals during this week
Since 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
to the payment of a dividend at the rate of 4 per
cent. per annum upon the ordinary stock, 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 past half-year, carrying forward a
balance of £1,906.
The following returns relating to cotton have
ust been issued from the Bard of Trade. Cotton
in stock December 31, 514,568 bales ; imported
during January, 227,075 bales ; forwarded from
inland towns to ports, 500 bales; total, 2,416,517
bales Cotton exported during January, 90,205
Dales ; forwarded inland for consumption, 256,941
bales; total, 1,188,701 cwts. Cotton in stock
January 31, 1,227,816 cwts.
It is understood that Mr. H. G. Gordon, who
last Week resigned his position as chairman of the
Oriental Bank, 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
Co.) a small manufacturing fir.n at Blackburn, has
been announced, with liabilities for £lO,OOO.
The Liverpool Financial Association is to be
wound up. At the fifth annual meeting, held yes-
terday, it was agreed by a majority of 37 to 29,
" That, in the opinion of the shareholders present, I
it i 8 desirable to wind up, voluntarily, the affairs
Of the Liverpool Financial Association (Limited) ;
and the directors are hereby requested to call an
extraordinary general meeting of the shareholders
at as early a period as may be convenient, for the
purpose of carrying this resolution into effect."
A correspondent suggests the introduction of a
bill, during the ensuing session of Parliament, to
bull,
the practices of the advertising money-
lenders in entrapping youths just entering the mili-
tary,_ and other professions. But the common law
43 sufficient for the purpose, provided the bargain
be induced by corrupt means, and any additional
illeasure therefore must simply aim at checking
the exercise of free will by limiting, in some way,
the conditions on which an agreement to borrow
3110neY may be made. This was the object of the
old usury laws, which, like all efforts of the kind,
were found to favour the operations of rogues, to
whom, in fact, they left an undisputed field, since
the fact of honest men being debarred from grant-
ing loans at. exceptional terms brought all such
transactions solely within the scope of those who
Would devote their ingenuity to the easy task of
evading the letter of the statute. Moreover, the
difficulty would still remain of preventing
ofe follY which is shut out from one mode
t exercise from finding forthwith another. Pro-
tection against imprudence is like protection in
trade 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
money-lenders 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 receive them will from time to time take steps
In have them published the position of their authors
Would soon become intolerable.

BRITISH FUNDS—CLOSING PRICES.
, GovEnsmExT FUNDS.
0 Per Cent. Consols
Ditto for Account,
per Cont. Reduced 934 4
New 3 per Cent
Now 24 per Cent. Jan. 1894
Do. b per Cen Jan. 1873
Annuities, SO yrs, expire sth Jan., 1880 —
Do. for 30 yrs, expire sth April 1885,,, 121
Do (Red Sea Telc6raph), Aug., 1908,,,
Exchcqu= Bills, £l,OOO, 24 per Ct.
Do. £5OO
Do. £lOO k .£2OO sank -
of England Stock, 4 per Cent
Do. account —
, 'Anada 4 per Cent. Bonds —
inter-Colonial Ommuna
INDIAN GOVERNMENT SECURITIES.
'Mitt stock, 104 per Cent., April 1874 —
Do.
Opening, for Account - Do. 5 per Cent. July, 1880
Do. 4 per Cent., Oct. 1888
Do. Certificates —
Do. Enfaced Papel 4 per Cent —
1:;(). 5 per Cent., Jan. 1872
1 I°. 51 per Cent. May 1879 —
D1:,;().1:,;().,.
5 per Cent., P•Deb. ' Rup. lB-2
D. do, 1877 —
Do, do. 1882 lO5
D.). Deb., 5 per CCent..ent , Au
£1 ,og.
00 1873 ~ —
Do. Bonds, 4 per Cent
Do. under £l,OOO

FOREIGN FUNDS—CLOSING PRICES.
i
Ar.;entitte Rep t.ltc, 6 per Cent
..._.
Do., Scrip £45 paid
_
Aultrian Bonds 5 per cent .
63
~ Do. 1859
..._
11r4ilian per Cent
_
21. li per Cent., 185')
____
1-.). do. 188
1)0, do ,
1860
___
bo• do. 1863
~
Do. 5 per Cent., 1865
83 4
Do Accouut
_
IS ;epos Ayres 6 per Cent.
1)0 2 per Cent. (Deferred 3 per Cent )
CO% 6 per Cent.
O.nlian 6 per Cent
n —
o. 44 per Cent.... .......... .
Do. 3 per Cent.,
1 0. 6 per cot, 1867
ro. 7 per Cent., 1866
.
C lo tibian, 6 per Cent,.
i
lot
3 per Cent., 1825.......•
Datvildan Principalities, 7 Icr Cent 77}
Do 8 per Cent., 1867 .............. .
Equador New Consolidated 1 per Cent
'BY ti 7 per Cent ........................
Do second Issue ............... ....