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THE
^mnwemal limeji,
ftoflnwg Ptottito, and insurance § mmtal
A WEEKLY
NEWSPAPER,
REPRESENTING the industrial and commercial interests of the united states.
SATURDAY, DECEMBER 12, 1868.
VOL. 7.
COOKE,
6* MOORHEAD
D. COOKE
AY
[,
Bankers and Brokers.
Brokers.
Bankers and
fH. O. FAHNB8TOCK
■I
<
(
EDWARD
DODGE,
PITT COOKE.
George Opdtke,
G. Francis
BANKING HOUSE OF
& Co., Geo. Opdyke & Co.,
bankers.
'
NO.
Wall and Nassau Sts.,
Corner
114 Sontli 3d Street,
Philadelphia.
[fifteenth Street,
Opposite Xrcas.
cent per annum.
lixed dates.
COLLECTIONS made
Department,
with our houses In Philadelphia and
this day opened an office at No,
Nassau, corner of Wall Street, in tills city.
Mr. Edward Dodge, late of Clark, Dodge & Co.*
few York, Mr. H. C. Fahnestock, of our Washington
louse, and Mr. Pitt Cooke, of Sandusky, Ohio, will
on all accessible points In the
United States, Canada and Europe.
Dividends
and Coupons also collected, and all most promptly
accounted for,
promptly executed, for the purchase and
of Gold
sale
; also, Government
ties. on commission.
and EXCHANGE of GOVERNMENT SECURITIES O
ill Issues; to orders for purchase and sale of stocks,
loros and gold, and to all business oi National Banks
JAY COOKE & CO.
March 1,1866
L. P. Morton
&
Co.,
and other Securi¬
INFORMATION furnished, and purchases or ex¬
changes of Securities made for Investors.
NEG >TlATlONS of Loans, and Foreign Exchange
effected.
Fisk
give particular attention to the purchase
(All,
NO. 4 WALL
Hatch,
BANKERS AND DEALERS IN
GOVERNMENT
SECURITIES.
NO. 5 NASSAU STREET, NEW YORK
Buy and sell, at market rates, all descriptions
United States Securities,
o the conversion of
of
and give especial attention
Also, General Agents for
Railroad. First Mort¬
Roods.
EXCHANGE,
or Sixty Days ; also, Circular Notes and Let¬
ters ol Credit for Travellers’Use on
L. P. MORTON, BURNS &
AND
Taussig, Fisher & Co.,
-
Sight Draft.
Bake collections
to
on
of
Telegraphic
orders executed f
the Purchase
and
Sale ol Stocks and Bonds in Loudon and
New York.
ir
Charles E. Milnor.
Walter H. Burns.
Drexel, Winthrop& Co,
NO. 18 WALL STREET.
Commercial
Available in all
and.
the
Traveller*’
Credits
principal Cities of Europe.
exchange
At
Gold,
State,
on
pariis
Stock*, Bonds,
Government Securities
and Gold
.
A^vaifpol8A,(1i 011 Commission.
Interest^1? ?<e at current
al tom per cent per
Poalu
Warren,
aunuin allowed on de
Kidder & Co.,
Rankers,
Onl.rw 4oWALL STREET, NEW YORK.
Wed. FOUit'pK'V*
Promptly
17
NASSAU
STREET
Bills of Exchange bought and sold. Drafts for £
and upwards issued on Scotland and Ireland, payable
on demand.
Drafts grant ed on and bills collected in
the Dominion of Canada, British Columbia and San
Francisco.
WALTER WATSON,
)
CLARENCE M. MYLREA, Agents.
AKCHD. McKINLAY,
)
£
Wm. R.
Utley & Geo.
Dougherty,
hankers
and
ED
$2,500,000.
AGENCY,
-
A. D. Selleck, 37 Pine St, N.Y.
Draw
on
London Joint Stoek
Bank,
Marcuard, Andre & Co,
Fould & Co,
Baring, Brothers & Co,
London,
Paris,
In sums to points suiting buyers of Sterling or Francs.
Sterling Bills
OF
MERCHANTS’
,
THE
BANK
OF
CANADA.
Capital
$6,000,000, Gold.
HUGH ALLAN, President. JACKSON RAE, Cashier
ON
London Joint Stock
For sale
C.
THE
Bank, London, England.
by
ASHWORTH, 7 New Street.
Henry
Clews
brokers,
&
Co.,
No. 32 Wall
Four per
Street, New York.
cent interest allowed on all daily balances
Currency or Coin.
Persons
keeping accounts with
draw without notice, the
Certificates
same as
of Deposit issued
deposit and
City Banks.
us may
with
bearing interest
at
market rates.
everywhere promptly.
United States Securities and Gold
bought and sold.
State, City and other Corporate Loans negotiated.
Our business conducted the same as that of a bank
NATIONAL BANK
OF
OF
THE
STATE
MISSOURI.
in St. Louis.
ESTABLISHED 1837.
Capital paid In
S3,410,300
This BaDk, having reorganized as a National Bank
Is now prepared to do a general banking business.
Government Securities, Coin, Gold Dust aud Bullion
bought and sold at current rates. Special attention
given to collections throughout the West,
James H. Britton, Pres. Chas. K. Dickson, V-Prea
Edward P. Curtis, Cashier.
NO. 11 WALL
STREET, NEW YORK.
Government Securities, Stocks Gold and Specie
Southern Securities aud Baak Notes; Central and
Union Pacific Railroad Sixes; State, City, Town,
County and Corporation Bonds ; Insurance, .Manufac¬
turing and Bank Stocks, BOUGHT AND SOLD.
M. K.
J esup & Company,
BANKERS AND
12 PINE
Frank
&
Gans,
BANKERS AND DEALERS IN U. S
exe
c
CitizensBankoF Louisiana
Collections made
AGENCY OF THE HANK OF BRITISH
NORTH AMERICA.
W.
Sight at Sixty Days.
Federal, and Railroad
Securities.
NO.
hvi p. Morton.
London.
of
favoradle terms,
and promptly execute orders for the purchase or sale
Available in all the principal towns and cities of
Europe and the East.
Paris and tlie Union Bank of
CIRCULAR LETTERS OF CREDIT FOR TRAVEL¬
LERS IN ALL PARTS OF EUROPE.
SECURITIES,
Solicit accounts from MERCHANTS, BANKERS and
others, and allow interest on daily balances, subject
UNION BANK OF LONDON,
on
BANKING HOUSE OF
No. 32 Broad Street, New York.
Buy and Sell at Market Rates
ALL UNITED STATES
TOE
Bills
BANKERS AND BROKERS,
CO.,
(58 Old Broad Street, London.)
Bowles, Drevet & Co.]
No. 12 Rue de la Paix, Paris.
76 State Street, Boston,
19 William Street, New York
Into the
gage
STERLING
BROKERS.
Bowles Brothers & Co.,
[Successors to
NEW FIVE TWENTY BONDS OF 1865 AND 1867.
Central Pacific
STREET,
AND
STOCKS, BONDS, GOVERNMENT SECURITIES
and GOLD bought and sold on commission.
Interest Allowed on Balances.
SEVEN-THIRTY NOTES
Collections made.
STREET, NEW YORK.
BANKERS
Capital aud Reserved Fund
&
Certificates of Deposit issued, Deposits received and
BANKERS,
Sight
Hedden,Winchester&Co
ORDERS
>eresident partners.
30 BROAD
STREET,
CERTIFICATES OF DEPOSIT Issued, bearing Four
per cent Interest, payable on demand, or after
Washington we have
We shall
NASSAU
DEPOSITS received from Individuals, Firms, Banks,
Bankers and Corporations, subject to check at
sight, and interest allowed at the rate of Four per
Washington.
In connection
25
(Corner of Cedar street.)
New York,
At
Bankers and Brokers.
Cooke
ay
No,
Wm. A. Stephens
Opdyke.
NO. 181.
GOVERNMENT SECURITIES.
No. 14 WALL STREET
Negotiate
MERCHANTS,
STREET.
Bond* and Loan* for Railroad
Contract for
Iron or Steel
Cara, etc.
and undertake
Co*,,
Rail*, Locomotive*.
11 builuctaconnected with
Railway*
734
THE CHRONICLE.
Leather Stock—
L A. *fc Kio Or. Kip
jr
$ tt gold
24 0
Sierra Leone., cash
Gambia & Bissau.
ss
21
is
.
Zanibir..
East India Srock—
Calcutta,city
$ p. gold.
..
buffalo
2 >
1)
@
16
13*
131
sent
81
ITI
0
Rubber—Duty, 10
Para, Fine
Para, Medium
Para, Coarse
East India.
Carthagena, &c.
•
..
0
Plate, 1*
do
Sheet,Band,
to
41
41
Pxg, American, No. 2
Bar, Red’d Eng&Amer
.
Bar, Swedes, assorted
sizes (in gold)
Clinch
Horse shoe,
Copper
S2
000 87
Naval
00
0155 00
130
000
Rods,5-803-10inch.. 105 OO01G5
Hoop
135 00010)
$ lb
00
00
11*@
le*
12£
5*0
ton 51 (U0 52 00
7) 000 SI 00
Irory-Duty, 10 $
East
cent ad val.
3 000 3
East Ind., Billiard Ball 8 0
0 3
African, Prime
2 500 2
African, 3crivel.,W.C. 1 250 2
India, Prime $ lb
15
23
87
25
Lead—Duty, Pig, $2 7?
100 lb ; Old
Lead, 1* cents $ 1b; Pipe and
Sheet,
2*cents $1 lb.
Galena
$ 100 ft
0
Spanish
(zold) G 40 0 6 45
German
(gonl) G 37*0 6 45
English
(gold) G 50 0 6 874
Bar
net
@10 50
Pipe and Sheet.. ..net
@12 00
....
....
..
..
eatlier—Duty: sole 35,
$ cent ad val.
Oak,sl’hter,heavy$
ao
ft
middle
light..
docrop,heavy
do
middle
do
light..
Oak, rough slaughter.
Hemi’k, R. A., Jcc.,h’y
middle.
light.
Califor., heavy
do middle.
do
light.
Orino.,heavy.
do
do
rou^h
middle
light.
good damaged
do
do
poor
do
upper 30
cash.$ Bt».—,
88 @
@
0
0
0
2I*@
45
44
42
42
45
44
44
29
28*@
28?@
2)*
29*
33 0
34 0
40
42
41
38
27 @
28 0
23 @
25 @
28
28
85
25
20
@
0
@
0
0
2)
29
29
27
29
29
39
26*
10 $ centad vak
Rookland, com. $ bbl.
© 1 60
..
heavy
..
@ 2 00
Lumber, &c.—Duty: Lumber,20
$ cent ad val.; Staves, 10 $
cent ad
Cedar, free.
Bird’s-eye maple,logs,$ ft.
7
60
Black walnut
$ M. ft.70 00075 00
Black walnut, logs $
sup It
80
9
Black walnut, trotches....
150
20
val.: Rosewood and
do
figur’d & blis ,’d
220 1 25
Yeliow pine timber, Geo
$ M.ft
33 00033 00
White oak, logs $ cub. ft.
450
60
do
.
p ar
;
Plank, $ M. ft.50
& W wood b’ds & 00055 00
45 00055 00
8@
7? ton.
do
In
West, thin
...
bags
@
40
80
50
00
CO
fluid, 50
or
oents
flasks,
$1:
burning
per case
do in casks.$
3 65 @
gall.. 2 35 0 2 40
$ B>
120
12*
Linseed,city...TP gall. 95 0 97
Whale, crude
85 @ 1 15
do bleached winter
1 15 @ 1 20
Sperm,crude
0 1 80
do wiut. unbleach. 2
10 0 2. 15
Lard oil, prime
1 35 0 1 40
Red oil,city dist. Elain
95 0 1 00
do saponified, west’n
85 0
90
Bank
90 0
95
Straits
95 0 1 00
....
Palm
Paraffine, 28 &
Lubricating
Kerosene
....
80 gr.
..(free).
25 0
£0
@
38
..
Paints—Duty: on white lead, red
lead, and litharge, dry or ground
in
oil, 3 cents TP lb; Parie white and
whiting, 1 cent $ ft; dry
ochres, 56
cents $ 190 3):
oxidesofzine, 1* cents
$ lb ; ochre,groundinoil,f 50
lb; Spanish brown 25 $ cettad$100
val;
China clay, $5 $
ton; Venetian red
and vermilion 25
$ cent ad val.:
whiteohalk, $10 $ ton.
Litharge,City
$ft
@
U
Lead, red, City
@
n
do
..
..
white, American,
pure, in oil
do
white, American,
pure, dry
@
13
11*0
11$
dry, No. 1
white, American,
7*@
8
White,French,dry
do
11*0
11
12
14 0
17
Zinc,white, American,
do
do
No. 1,1
n oil
while, French, in
oil
Ochre,yellow,French,
dry
do
srround, in oil..
Spanish brown, dry $
8 0
2 0.
8@
2*
10
100 ft
1 00 @ 1 25
do
gr’dinoil.TP ft
8 0
9
Paris wh., No. 1
2|@
3
Chrome, yellow, dry.. 15 @ 85
Whiting, Amer $ 1001b 2 00 @ 3 12*
Vermilion,Chin*,
V ft 1 09 0 1 10
Wines—Duty:
cent, ad val.; over 50 and
not over
100, 50 cents $ gallon and 25
$ cent,
ad val.; over
$1 $ gallon, $1 $ gal¬
lon and 25
$ cent ad val.
Madeira
$ gall. 3 50 © 7 00
Sherry
cents
bulk, 18 cents $ 100 lb.
Turks Islands $ bush.
Burgundy port..(gold)
Lisbon
75 @ 1 25
(gold) 2 25 @ 3 50
Sicily Madeira..(gold) 1 0 < @ 1
Red, Span. & Sicily(g)
90 @ 1
11
Marseilles Mad’ra(g’d)
70 @
Marseilles Port.(gold)
80 @ 1
Malaga, dry
(gold) 1 00 @ 1
15*
Malaga, sweet...(gold) 1 10 @ 1
Clarec....gold.$
Claret
$ 100 ft;
50
@
Liverpool,gr’nd$ sack 1 S5 0 1 93
do fine,
Ashton’s(g’d) 2 50 @
do fine, Worthingt’s 2 80
© .2 S5
4j@
or
cents
over
16 cts;
$ft
12*0
@
$ bus 5 25 @
Hemp
2 30 @
Lins’d Am.rough$bus 2 40
@
do Calc’a,Bost’n,g’d
@
do do New Yk,g’d 2
17*0
Timothy,reaped $ bus
10
Sliot—Duty: 2$
Drop
Buck
$ cent.
•
All thrown
Tsatlees, No.l@3.$ft
Taysaams, superior,
No. 1
do
medium,No. 2..
..
do
do
Good
Spelter—Duty:
In pigs, bars, and
plates, $1 50 $ 100 fts.
PlAtes, for.$100 ft gold 6 75 @
do
....
domestic $ ft
10 @
11
Spices.-See special report.
Spirits-Duty: Brandy, for first prool
$3 $ gallon ; Gin, rum and
whiskey,
lor first proof, $2 50
$ gallon.
Brandy, Otard, Dupuy
&
Co..(gold) $ gal.'5 50 ©13 00
Brandy, Finet, Castillon & Co(gold) 5
50 @17 00
do Hem*essy(gold)
5 50 @18 00
do Marett &
Co(g’d) 5 50 @10 00
do LegerFreres do 5 60
@10 10
do oth for. b’ds(g’d) 5 00
@10 00
Rum, Jam., 4thp.(g’d) 4 60 @ 4 75
do
St. Croix,
3d
proof. ..(gold) 3 50 @ 3 75
Gin, diff. brands.(gold) 3 00 @ 4 £5
Domestic Liquors—Cash.
pure,
@
Whiskey,
1
....
05@ 1 03
Steel—Duty:
at
bars and ingots, valued
7 cents $ ft or
under, 2* cents;
over 7 cents and
not above
11, 3 cts
$ ft; over 11 cents, 3* cents
$ ft
and 10 $ cent ad val.
(Store prices.)
English, cast, $ ft
18 @
23
English,spring
10 @
1‘2*
.
.
English blister.
English machinery....
English German.
American blister...
...
American cast
Tool
Amerloan spring do
American machry do
Germ&s.do
ll*@
13*0
■
do full blood Merino
do }4 & X Merino..
do Native & % Mer.do Combing
14 @
10|@
@
10 0
@
10 0
..
55
@
@
0
@
@
34 0
33 @
.......
No 1, pulled
Califor, fine,unwash’d
do
do
medium
do
common, do
do
Valpraiso,
30 @
28 @
34 @
28 @
20 @
South Am.Merino do
do
Mestizado
do
Creole do
do
Cordova,
washed
33 ©
40 @
Cape G.Hope,unwash’d
East India, washed....
Mexican, unwashed...
Texas, Fine
Texas, Medium
Texas, Coarse
Zinc—Duty: pig
100
or
53
50
50
00
60
48
40
37
£6
33
30
37
32
55
45
45
35
Extra, pulled..
Superfine pulled
•
@
48 @
36
42
28 0
26 0
35 @
33 @
27
40
28
£7
36
3i
block, $_
$
fts.; sheets 2* cents $ ft.
Sheet
$ ft
12*0
Freifflits—
To Liverpool
Cottoi
(steam):s.
13
d.
$ft
$ bbl
5@f
@4 0
Heavy >ods...$ton 4C 0 @50 C
Oil
@50 0
Corn, b’k& bags$ bus,
7 0
Wheat, bulk and bags
6J@
Beef
$ tee.
^.@7 0
Pork
$ bbl.
..@50
To
Flour.,.
^
Brandy,gin&p.spi’tsin b....@
Rum,
6 cents $ ft.
Wool of all classes
.imported scoured, three times the
duty as if imported unwashed.
Am., Sax’y fleece.$ ft
60 0
65
9 00 © 9 25
8 90 @ 8 25
....
Medium
similar Wools—The value whereof
at
the last place whence
exported to the
United States is 12 cents or less
$
ft, 3 cents $ ft ; over 12 cents $
ft,
9 25 @10 50
10 50 @11 75
10 00 ©10 50
8 25 @ 9 00
20
16
16
16
19
13
13
13
or
$ 1b, 10 cents $ ft an dll $
ad val.; over 32 cents
$ ft, 12
cents $ ft and 10
$ cent, ad val.
Class 3.—Carpet Wools and
other
silk,
Canton,re-reel.Nol@2 7 25 @ 8 00
Canton. Extra Fine... 8 25
@
Japan, superior
less
cent
12 @
13 @
free.
03
40
45
$ ft.
$ ft
Z
Silk—Duty:
35
cents
To the United States is
32 cents
<0
07*
2 20
...
$ ft and 11 $ cent, ad val.:
32 cents $ ft, 12 cents
$ ft and
$ cent, ad val ; wben imported
washed, double these rates. Class
2.— Combing Wools-Tke
value where¬
of at the last place whence
exported
12$
3
6
2
2
2
.
Canary
@
glace whence cents less $ United
tates is 32 exported to the
ft, 10
5
val.
Clover...
53
.
fore practiced.” Class 1
Wools—The value whereof—Clothing
at the last
7*@
-
do
Wool—Duty: Imported in the “or¬
dinary condition as now and hereto
crude, 2* cents;
partially refined, 3 cents;
soda, 1 cent $ ft.
Refined, pure.....$ ft
15 0
15*
gold
.
Copper
Saltpetre—Duty:
refined
Crude
gold.$ doz 2 65 @ 9 CO
No. 0 to 18, uncovered
$2 to $3 5i $ 100 ft, and 15
$ cent ad
val.
Iron No. 0 to 18
20@25 $ ct. off list.
No. 19 to 26...,
30 $ ct. off list
No.27 to 36....
35 $ ct. off list
Telegraph, No. 7 ta il :
Plain
$ ft
10*0
11*
Brass (less 20 per
cent.)
43 0
\.
^Nitrate soda
cask35 00 @60
25
00
85
60
25
25
00
Wire—Duty:
49 @
Cadiz
1 25 @ 9 00
2 00 @ 8 50
Port
6 00 @ 6 50
Salt-^Duty: sack,24
report.
Value not over 50 cts
$ gallon, 20 cents $ gallon, and 25
$
hemp,
* cent $ ft ; canary, $1
$ bushel of
60 ft; and
grass seeds, 30 $ cent
ad
....
TP gallon;
palm,seal,
and cocoa nut, 10
$ cent ad val.;
sperm and whale or other
fish (for¬
eign fisheries,) 20 $ cent ad
val.
Olive, Mar’s, qs (gold)
Tobacco.—See special
Rangoon Dressed, gold
Seeds—Duty; linseed,
11
cents; olive and salad
13
0)
and
00
obl’g, do 53 00 @58_50
Oils-' Duty:
linseed, flaxseed, and
rape seed, 23
oil, in bottles
31*
3«*
nitrate
46*
@60 00
1.
Carolina ....*.$ 100 ft 8 25
@ 9 00
duty paid
29
C. Coke
9 50 @10 50
Terne CharcoallO 75 @11 25
Torno Coke.... 8 50 @ 8 75
do
do
2 cents
$ lb.
of
centad val.
City thin obl’g,in bhls.
21
iime—■Duty:
do
Oakum—Duty fr.,$ ft
Oil
Cake—Duty: 20 $
7
and Treble
American
spirits
....
....
0)0
Sheet, Russia
Sheet, Single, Double
Rails, Eng. (g’d) $
Stores—Duty:
....
..
Nail Rod
27
40
26
18
17i
cleaned 2* cents $ ft.;
paddy 1* cents, and uncleaned
....
..
Shoulders...
.0
English
19 50 @20 25
10 00 @16 50
do extra mess....... 10
(0 @20 00
do hams, new
29 50 @31 00
Hams, ..;
12
$ ft
15
Lard
$ ft (gold)
(gold)
25/0
26
(gold) 25*@
2:$
Plates,char. I.C.$ boxll 25 011 7a
do
23*
prime,
Rice—Duty:
0 7 00
30
0
0
0
@
Turpent’e, s,ft.$280ft 3 75
Tar, N. County $ bbl. 2 50 @
@
Tar, Wilmington
3 3S @
Pitch City..
2 90 @ 3
Spirits turpentine $g
46 @
Rosin, coin’n. 7? 280 ft 2 35 @ 2
do s trained andNo.2.. 2
GO @ 2
do
No. 1
3 00 @ 4
do
Pale
5 00 @ 6
do
extra pale..... G 50
@ 8
ican, Refined
100
to
do
do Common 00 000
000 ...!
Scroll
130 0 0175 00
Ovals and Half Round
1*25 000155 00
Band
130 000
do
do
0
turpentine 36cents TP
gallon; crude
Turpentine, rosin, pitch, and tar, 20
TP cent ad val.
Swedes,ordinary
HorseShoe
f’d(6d)$ ft
Yellow metal
3tobePijioes—1
.
Bar,English and Amer¬
do
do
do
do
do
do
do
do
do
4
Zinc
0)044
(’0043
00
0)
37 0 030 00
9J 00003 00
.
do
Bahia
Bunca
'Beef, plain mess
8
6
--Duty: pig,bars,and block,15$
Straits
cts
@
10 @
14 0
12*
cent ad
val. Plate and sheets and
terne plates, 25
per cent, ad val.
pork,
Pork, new mess,$ bbH5 50 026 $fb
00
Pork, old moss
25 50 @25 87
Pork, prime mess
21 50 @22 50
do
Nails—Duty: cutl*; wrought 2*;
horse shoe 2 cents
TP 2)..
Cut,4d.0OOd. TP 100ft ....@5 50
‘
do
do
do
20
13
13
10
75
0
25 0
5 0
Tin
....
ga
lams,bacon, andlard,2
12 0
Teas,—See special report.
Provisions—Dutyrbeof and
1 ct;
10
8
$
$ ft,
try and city $ ft...
1*
0
ion.
Crude,40@17grav.$gal 23 0
do in bulk...
170
refined in bond,prime
L. S. to W.
(1100
115 test)
@
do Standard white
£2 0
Naptha, refined. 63-73
gray.,
@
Residuum
$ bbl, 3 87*0 4
15
iliolasses,—See special report.
...
to 1* cents
$ lb.
Boiler
Pig,Scotch,No 1.
# ton
Pig, American, No. 1..
do
do
14
14
12 0
12 0
Mansanilla
Mexican
Florida. 7? c. ft.
Rosewood, II. Jan. $ ft
1* cents $ lb;
Pig, $9 $ ton; Polished
Sheet, 3
cents $ lb.
do
40
14 @
Honduras
do
do
do
cents $ 100 lb
;
cents $ lb;
Hoop, and Scroll, 1*
,
@
11 @
..
Mexican
Cedar, Nuevitus
..
mnts
10
10 @
10 0
8 0
(American wood)..
0
@
Sugar,—See special report.
Tallow—Duty :1 cent
American,prime,coun-
Petroleum—Duty .'crude,20 cents;
refined, 40
50
_
Railroad, 70
„
30
Port-au-Platt,
Mansanilla
32
Rose*
7
ljj@
Barytes., Foreign
28
25 @
Domingo,
Nuevitas....
do
do
do
0
03 0 1 05
70 0 1 02J
(<rold)
(gold) 1 33 0 1 55
(gold)
0
Iron—Duty,Bars, 1
Bar
St.
Bary tee, American $ lb
25
10 $ cont ad val.
$ ton.. 50 60 @195 CO
Sicily
...
2*2
50
,
Cedar,
S(Imac—Duty:
Cal./.
Venet.red(N.O.)$cwt2
330
50
180
20
Mfc.19 00022 00
per
i—Dutylreo.
logs
43
....
and
*
ihoyauy,
$ cent,
1 69 0 2 25
....(sold)
(gold)
Madras....,
Manila...
Guatemala
Caraocas
do
do
ordinary logs
0 00
0
47 0
0
220
230
310
do
Port-au-Platt,
crotches
do
80 0
(^old)^ft
Oude
...do 2 in.
strips, 2x1
do
IndiffO—Duty free.
Bengal
p'k 1)4 in.
do
$ lb
1 01 0 1 02
1 12 @ 1 2!)
Amer.com..
‘J2 @
27
62*0 3 0)
Carmine,city inade$ ftlU 00 @20 U0
Plumbago
6
0
China clay, $ ton
30 00 @32 00
Chalk
$ lb.
0
1
Chalk, block....$ ton23 ()0 @21 00
do
do
.
....
0
Ciu.tozanv St. Domlns.r -■
49 ft..
cent.ad val.
C 7 000 SO)
Ox, American
bcls,
„v *t!»
23
12
2»
piece
Go
do
do
do
bds,
S2J
110
5 0
13 0
.....
Horns—Duty, 10 $
Ox, Rio Grande. ..§1
0
ff>.
$ ft
Bavarian.,
do
do
do
do
Hops—-»uty: 5con;a$
do of 1867
do
Spruce
7? M 3 000
per
...
$ gallon.
$ gall.
Crop of 18G8
Hemlock... 3x1,
do
4x6,
0
.
Vermillion, Trieste...
White pine merchantable
bx boards
27 00010 00
Clear pine
...GO 00070 00
Laths
H*@
13 0
(duty paid)(yc A
ad val.
©
0
15*0
...
$ lb
Honey—Duty,20
India
21*
sl’hter
.
Calcutta, dead screen
do
buffalo, $ 1b
Manilla &
Batavia,
Cuba
Cherry boards and plank..70 00080 00
Oak and ash
45 00060 (K)
Manle and biren
30
White pine b x boards.. .23 00015 00
00027 00
I December 5, 1868.
London (sail)
goods. ..$ tOB
Heavy
Oil
Flour
Wheat
2 9
0..,,
@6
..
„..$tce.
$ bbl,
$ bush.
Corn
To Havbs ;
..@53
@ 3 6
7*0
8
7* @
..
$
$
I©
..0
Measurem. g’ds.$ ton 10 00 0
?
Land, tallow, ©ht m t
/
Cotton...,
V
0
0
@35
$ bbl.
Petroleum
Beef
Pork
25 0 @80
c
..
Beef and pork..$ bbl.
A8hes3otip,i,'$ ton
8
00*0
0 00
O
.»
9 00
....
-
December 5, 1868.]
THE CHRONICLE.
735
-
Commercial Carda.
Insurance
Til K
Cl/’l
Atlantic
LEltY,
North British
TABLE and OESSEltl'
KNIVES CL ATE O
TFA and
AND
FOICir.S and
TABLE
Mutual
SPOONS,
general line of cutlery of all kinds at
a
NEW
LITTLE’S
NO. 59 FULTON ST., BET WEEN CLIFF &
GOLD STS
East of Bio ulway.
C. A.
200 MERCER
Schindler,
STREET. BETWEEN AMITY AND
BLEECKER STREETS, NEW YORK.
Cabinet Furniture aud
Upholstery.
Superior Parlor, Library, Dining Room and
Chamber
Furniture made to order.
Curtains, Shades, Spring
Mattresses and Bedding, Paper
Hanging &c. interior
Decorations
ARTICLES RENOVATED AND
EXCHANGED.
Established 9 819.
LONDON
YORK, JANUARY 25th, 1809,
Trustees, in Conformity to the Charter of the
Company, submit the following Statement of its
affairs on the 31st
December, 1807:
Premiums received
in General.
Co., Mercantile Insurance Co
Insurance
from 1st
Marine
on
January, 1807, to
ItiBkB,
$7,322,015 75
Policies not marked off
1st January. 18G7
on
2,838,109 71
miums..$10,160,185
upon
40
Life
Risks; nor upon Fire Risks discon¬
nected with Marine Risks.
Premiums marked off from 1st Janu¬
ary, 1807 to 31st December, 1867
Losses paid
same
$7,597,123 10
The
^WARRANTED
SQaTAHTUft,
$1,305,865 98
TABLES
WOOSTER STREET,
BETWEEN PRINCE
AND
[
ZZZ
OASTON
STREETS*
&
Manufacturers
Son
MEERSCHAUM GOODS,
Genuine.
Pipes cut to order, Repaired and Mounted, Amber
Work.and Boiling,Done.
Queen Fire Insurance Co
^OF LIVERPOOL AND LONDON.'
£&jitiobiz*d Capital..
***•
•usscbibed Capital
Company, estimated
2,175,450 00
210,000 00
252,414 82
8,232,453 27
873,374 02
$13,108,177 11
Six per cent Interest
ing certificates
on
tbe outstand¬
profits will be pal
to the holders
thereof, or.their legal representatives
and after
February
of
Tuesday the
next.
Fifty per cent, of the outstanding certifi¬
cates of tlie issue
of 1865 will be redeem¬
ed and paid to the holders
thereof,
on and after
or
their legal
Clabk, Sec’y.
of Thirty Per
Cent. Is
the net earned
premiums
of the
Company, for the year ending 31st
declared
on
December, 1867. for which certificates will be
on and after
Tuesday the Seventh of April
issued
b«t.«4ited in the Insurance Department at Albany
United States Bbanoh, No. 117 Bboadway, N. Y.
W
GECiRGE ADLARD, Manager.
William H. Ross, Secretary.
J, N. Dunham, Sec’y.
Steamship Companies.
Sun Mutual Insurance
COMPANY.
(INSURANCE BUILDINGS)
49
PACIFIC MaIL
STEAMSHIP
COMPANY’S
THROUGH LINE
To
California,
Touching at Mexican Ports
AND
CARRYING THE UNITED STATES MAILS FOUR
TIMES A MONTH.
On the 1st, 9th, 16th and 24th of Each
Month.
Henry Colt,
Wm. C. Pickersgill,
Lewis Curtis,
Charles H. Russell,
Lowell Holbrook,
R. Warren Weston,
Royal Phelps,
Sturgis,
Henry K. Bogert,
Joshua J. Henry,
Dennis Perkins,
Joseph Gaillard, Jrr,,
J. Henry Burgy,
Cornelius Grinnell,
C. A. Hand,
B. J.
WALL STREET.
Incorporated 1841.
Capital and Assets,
$1,614,540 78
This Company
having recently added to Its prevlou
assets a paid up cash
capital or $500,000, and subscrip
tion notes in advance of
premiums of $300,000, continue
to issue policies of insurance
against Marine and Ini
and Navigation Risks. No Fire Risks
disconnected
rom Marine taken
by the Company. Dealers are en
tied to participate in the profits.
MOSES H. GRINNELL, President.
JOHN P. PAULISON Vice-President.
Walkeb, Secretary.
CHAPMAN,
Wm.
by the Agents here, andpai
ALJLYN & CO., Agents,
NO. 50 WILLIAM STREET.
iETNA
Secretary
John D. Jones,
Charles Dennis,
W. H. H. Moore,
Fbeeman, Pres
in current money.
WHITE
.
TRUSTIESI
E.
CONNECTICUT FIRE INSURANCE CO
OF HARTFORD, CONN.
Capital $27 5,000.
M. Bennett, Jr„ Sec’y.
J. B. Eldbedgb, Pres’t
Isaac H.
X. Ht
COMPANY,
SPRINGFIELD, MASS.
Capital and Surplus $700,000.
next.
by order of the Board.
H. Kellogg, Pres t
INSURANCE
Tuesday the
A dividend
CO.,
SPRINGFIELD FIRE AND MARINE
Fourth of February
next, from which date
Interest on the amount so
redeemable will ceases
The certificates to be produced at
the time of pay¬
ment, and cancelled to the extent
paid.
INSURANCE
HARTFORD, CONN.
Capital and surplus $1,200 000.
Losse promptly adjusted
Fourth of
Geo. L. Chase, Pres’t
FIRE
OF
W. B.
at
Total Amount of Assets
M. Coit, Sec’y.
$1,432,340
special Fund of $200,000
sj|
PHOENIX
representatives,
of
t:rrr\T>'irci) 485 BROADWAY, near Broome Street.
biOi.Eb
|
JOHN STREET, Middle of the Block.
All Goods Warranted
Capital and Subplus
FIRE INSURANCE
COMPANY
OF HARTFORD, CONN.
Capital and Surplus $2,000,600.
Geo.
on
NEW YORK.
Pollak
of S. B. Chittenden &
United States and State of New York
Stock, City, Bank and other Stocks. $6,864,485 OC
Loans secured by
Stocks, and other¬
Cash in Bank
HEERDT, Manufacturer,
150
CHITTENDEN, Esq.,
Hartford
Premium Notes and Bills Receivable..
(EXCLUSIVELY),
Of Every Stylo aud
Quality, at
Greatly Reduced Prices.
Wifi,
SIMEON B.
Company has the following As¬
due the
JEai&Lty) JSeaflanH*
XTENSION
4,260,635
Policies issued in Gold or
Currency at option of Ap
plicant.
Losses promptly
adjusted and paid in this Country.
New York Board of Management:
CHAS. H. DABNEY,
Esq., Chairman.
of Dabney, Morgan & C®
SOLON HUMPHREYS,
Esq
of E. I). Morgan & Co
AYMAR CARTER, Esq
of Aymar A Co
DAVID DOWS, Esq
of David Dows & Co
EGISTO P. FABBRI,
Esq
of Fabhri & Chauncey
wise
Real Estate and Bonds and
Mortgages,
Interest and sundry notes and claims
«r,
.Tftpi >
aff
Funds
Annual Income
CHAS. E. WHITE, Assistant
Manager.
LORD, DAY & LORD, Solicitors.
DABNEY. MORGAN & Co., Bankers.
sets, viz.:
^
Accumulated
:
$10,000,000
12,695.000
tZcAallynE,| AssocIate Mana£©rl1-'
$4,224,864 61
*
(IN GOLD)
SHEPPARD GANDY, Esq..of Sheppard
Gandy &
Returns of Premiums and
Expenses
STREET, NEW YORK.
,
during the
period
50 WILLIAM
Subscribed Capital
31st De¬
Total amount of Marine Pre
No Polices have been issued
1809.
UNITED STATES BRANCH,
CAPITAL AND ASSETS
cember, 1SG7
Premiums
^EDINBURGH.
AND
ESTABLISHED IN
The
.
BEST SIX CORD
SfUQIiflpranir
::-r—~t~.- -~.=5
OFFICE OF THE
FINE IVORY HANDLE
Together with
'
Insur&noe.
Cutlery.
CARVERS,
"
-
Insurance
OF
Company,
HARTFORD.
INCORPORATflT
CASH CAPITAL....../:
1819.
$3,000,000 1
L. J. HEN DEE, President.
J. GOODNOW, Secretary.
WM. B. CLARK, Asst. Sec.
Howland,
Ben}. Babcock,
Caleb Bars tow
A. P. Pillot
William E. Dodge
Robt C. Fergusson,
David Lane,
Fletcher Westray,
Robt. B. Min turn, Jr.,
Gordon W, Burnhami
Frederick Chaun'jey,1
Denartures of 1st and 16th connect at Panama with
teamers for SOUTH PACIFIC and CENTRAL AMEROAN PORTS. Those of the 1st touch at MANZA-
James Bryce,
Francis Bkiddy,
Daniel S. Miller.
^One^hundred
Robert L. Taylor,
Charles P.
$5,052,880
1
George S. Stephenson
William H. Webb.
Assets July 1,1868
Liabilities
Leave PIER 42 NORTH RIVER, foot of Cannl street
above (except when those dates
it 12 o’clock noon, as
all
Sunday, and then on the preceding Saturday),
ASPINWALL, connecting via Panama Railway
vith one of the Company’s Steamships from Panama
or SAN FRANCISCO, touching at ACAPl LCO.
on
or
pounds baggage allowed each adult,
laggage-masters accompany baegage through, aud
ittehd to ladies and children without male protec¬
tors. Baggage received on the dock the day before
lailing, from steamboats, railroads, and passengers
svho prefer to send them down early. An experienced
mreeon on board. Medicine and attendance free.
For passage tickets or lnrther information apply at
the Company’s ticket office, on the wharf, foot of
Canal street, North River, New York.
F# R« BABY, Agent,
James Low
Paul
Spofford.
Shephard Gandy.
JONES, President,
CHARLES
DENNIS, Vioe-FteMf*.
w. Bu H.
JT. D.
MOORE, 2d
HEWLETT.
Yloe-Pree.^
M n»INn>
499,803 5
NEW YORKAGENCY
NO.
62
WALL
JAS. A.
STREET.
ALEXANDER, Agent.
Hanover Fire Insurance
Burdett,
JOHN D.
.
COMPANY,
NO. 45 WALL STREET.
July
Cash capital
Surplus...,
Gross Assets
$600,684
50,144
BENJ. S. WALCOTT Presl
......
Tota ^Liabilities
*
-
1st, 1867.
$400,000
206,63
«•
BixsinILaxs, Secretary.
736
THE
Dry Goods.
Brand &
Iron and Railroad
Gihon,
NEW
110 DUANE STREET.
YORK,
GOODS,
CAST STEEL
Wools of every descriptions.
Gums
Cast Steel Frogs, and all other
Railway Use.
«
Opium and Persian Berries.
Canary and Hemp Seed,
TYRES,
Steel Material for
Figs, Raisins, Boxwood,
Otto
HOUSE IN LONDON:
WHITE
NAYLOR,
LINENS, Sc C,
BURLAPS, BAGGING,
BfiNZOIV
34 Old Broad
Sc
Townsend & Yale,
CO.,
Street,
Railroad Iron,
as well as
STREET.
F.
Agent* tor
Old Kails,
Holiday
Scrap Iron and Metals.
W.
(awrence Nanfg Co.
Evans
158 PEARL
&
Co.,
Being about to
STREET,
remove
Blaekstone Knitting Mills.
All
Glastonbury Knitting Co.
IN
Company.
NO.
CHURCH
Between Walker and
Miscell
MATTHEW BAIBD.
IN
anufacturers
COMMISSION
Llspenard.
Gano, Wright & Co.,
COMMISSION MERCHANTS,
Cotton, Flour,, Grain and Provisions.
NO. 27 MAIN S r ., CINCINNATI, O.
GOODS!
CO.,
REMOVED FROM 56 MAIDEN LANE
TO
697
Offer their
new
importations at
IRONS,
Nursery, &c
COAL VASES, Great Variety,
COAL SCUTTLES and SIFTERS,
Library,
and
BRITANNIA
UTENSILS,
NEW STYLES IN
GAS
FRENCH
&c.
CHINA
CARD
RECEIVERS,
Street. Boston.
REMOVED to
Street, (Second Block AVest
of tbe
baying public is invited
ENGLISH AND FOREIGN
Stereopticons,
MAGIC
LANTElilNS, AND DISSOLV¬
ING VI*W
OLD AND NEW
Standard, Rare and Valuable
n
the various
departments
T. H. NcALLlS I
WOOL BROKER
BROADWAY, NEW YORK,
Gilead A.
Exchange Place.
OPPOSITE BANK OP
John Dwight & Co.,
New invoices are
riced catalogues of which are issued from
time to
time, and will be sent free of charge to any address.
A. DENHAM Sc CO.,
PORTERS OF ENGLISH AND FOREIGN
BOOKS.
No. 4 9 Barclay St., New
Railroad Bonds and U.S. and other Amerlcrn Securl
SODA,
AGENTS FOR
TARTAR
.
York,
ties negotiated, and Credit and
U. S. or Continent.
Consignments solicited
the staples.
Works,
Morris,
Successor to Caldwell & Morris.
Jr.,
GENERAL COMMISSION MERCHANT
20 OLD SLIP, NEW YORK.
Bknj. C. Morris, Jr., Frantz B.
Muller, ) Special
General
Partner.
Advances made
Ports
Exchange provided for
on the usual
terms of any
of
'.
,,
Special Counting and Reception Rooms available for
Americans in London, with the facilities usually found
at the Continental Bankers.
Thomas
Wm. Harman Drown ) Partners
merchandize for sale here, and
upon consignments to Liverpool and other European
on
,
STEEL TYRES,
AND METALS
AND SAL SODA.
C.
ENGLAND, LONDON.
IRON,
BESSEMER RAILS,
Slip, New York,
HORS FORD’S CREAM
Smith,
House,
RAILROAD
MANUFACTURERS OF
SUP CARS.
ER,
OPTICIAN,
No. 49 Nassau Street, NewVork.
Bartholomew
B.
literature.
frequently received from London
of
APPARATUS,
With the improved Calcium Light, and several thou¬
sand Arti-tlcally colored Photographic Views on
Glass, Illustrating Art, Science, History, Travels, etc.
Catalogue free on appli¬
BOOKS,
comprising
Bowery), New York.
etc.
Priced and illustrated
cation.
PURCHASING
London Books.
8TAIUARY, ETC.
LOOKING GLASSES,
JESSOP Sc SONS.
notice, beg to inform dealers in, and consumers
of,
Iron and Steel, that they are
prepared to receive orders
for this Iron, and for Blister and
Extra Cast Steel
made from the Iron, at their
establishments, Nos. 91 &
93 John Street, New
York, and Nos. 133 & 135 Fed¬
No. ll OJd
Goods,
VASES,
W. A. Willard & Co.,
Leufsta, in Sweden, 29th April, 1867.
CARL EMANUEL DE
GEER, Proprietor.
WM. JESSOP & SONS, In
referring to the above
City,
SETS,
CLOCKS,
SALJERATUS,
The attention of the book
o our extensive stock of
DINNER
561 BROADWAY.
And to which I request the
special attention of the
trade.
Cor. of
ELEG VNT DESIGNS,
Paris Fancy
177 Canal
No. 58,
and
Also, Now Opening,
WARE,
Delivered Free In any part of the
FIXTURES,
SUPERIOR FINISH
McLewee,Putnam & Co.
DANNE-
Christy Davis,
BRIGHT TIN WARE, JAPANNED
WARE,
TEA TRAYS, BIRD CAGES.
KITCHEN RANGE
SWEDISH
LEUFSTA, W.
SCREENS, FLOWER STANDS,
HEARTH BRUSHES, and DOOR
MATS,
PLATED
STREET, NEW YORK.
low
,
ST. NICHOLAS BLOCK.
In great variety, and warranted perfect time-keepers.
1 beg to announce that I have this
day entered into
contract with Messrs. W.
Jessop & Sons, of Sheffield
for the whole Annual Make of the
above Iron, which
In future, will be stamped
FIRE
SILVER
WAREHOUSES:
a
FIRE IRONS and
for
Early.
MORA IRON.
prices.
FENDERS
Works, Philadelphia.
NOTICE TO THE CONSUMERS OF
THE
eral
BROADWAY,
Large Stock of
15 GOLD
GENUINE
PLACE,
WINDLE &
T. PARRY
o
OFFICE AND
AND
CORNER CHURCH STREET, NEW YORK CITY.
Orders and Consignments solicited. Liberal Cash
Advances made on Consignments.
WINTER
OHAS
,
MERCHANTS,
NO. 27 PARK
Call
&Co.
BROADWAY,
WORKS.
Wrought Iron Tubes, Lap Welded
Boiler Flues, Gas Works
Castings and Street
Mains, Artesian Well Pipes and Tools,
Gas and Steam Fitters’
Tools, &c.
MERCHANDISE
501
Co.^
6BO.BURXH iM.
Pascal Iron
STREET,
neous.
GENERAL
Stereoscopes
Albums, Carved
E. & H.T.
Anthony
Morris, Tasker & Co.,
Smith, Hoffman & Co,
DEALERS
Frames,
Brackets, Etc.
1
“All work accurately fitted to
gauges and thorough
lv interchangeable. Plan,
Material, Workmanship,
Finish, and Efficiency fully guaranteed.
FANCY
VELVETEENS,
Alpacas and Ginghams, Ac.,
217
&
we are
PHILADELPHIA.
VELVETS.
Umbrella
No.
and
It It
M. Baird
IMPORTERS OF
Goods,
of
Iron,
LOCOMOTIVE
January,
Retail,
and Views,
OTHERS,
Bowling Green, New York.
BALDWIN
N.B.FALCONER& CO
British Dress
Brands
Pig
oi
splendid wholesale stock of
Chromos
YARD, ON DOCK, AND TO ARRIVE.
Apply to
No. 6
Cayudutta Glove Works,
AND
approved
In lots to suit purchasers.
HEN UllH'iON
Winthrop Knitting Co.
STAPLE
the
Scotch
Pennsylvania Knitting Co.
Tape
At
our
SCOTCH PIG IRON.
Bristol Woolen Mnf’g Co.
1st
on
prepared to close out
Iron and Metals.
Germantown Hosiery Mills.
Presents.
A RARE OPPORTUNITY.
Keystone Knitting Mills.
Bronx
Boses. Ac
who give special attention to orders for
DUCK, AC
rf
WHARF, BOSTON.
Offer for sale
208 So. 4th stree
CAST STEEL
Agents for the sale of
WILLIAM GIHON & SONS’
J. SCHNITZER,
3 CENTRAL
r
RAILS,
Jobbing and Clothing Trade.
IKS 92 Sc 94 FRANKLIN
Miscellaneous
PHILA,,
80 State street.
In fall assortment for the
FLAX SAIL
Materials.
BOSTON,
99 John street.
IRISH Sc SCOTCH LINEN
[December 5, 1868.
NAYLOR & CO.,
Importers Sc Commission Merchants.
*
CHRONICLE.
J. Pope & Bro.
METALS.
298 PEARL
STREET, NEAR BEEKMAN STREET!
NEW TO
C'
ante’
fcfttf, (tamMiat
A
§ailwmj Pimitot, and f mron# fouvnat
WEEKLY
NEWSPAPER,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
INTERESTS OF TIIE UNITED STATES.
VOL. 7.
SATURDAY, DECEMBER 12, 1868.
Bankers and Brokers.
JAY COOKE,
1
WM. Or.
MOORHEAD, >
H. D. COOKE,
)
Bankers and Brokers.
C H. O. FAHNESTOCK
< EDWARD DODGE,
f PITT
George Opdyke.
Jay Cooke & Co.,
BANKERS.
Geo. Opdyke &
NO.' 25
Bankers
Street,
cent per annum.
per cent Interest,
tixcd elites
COLLECTIONS made
Opposite Treas. Department,
Washington.
our
houses in
Philadelphia and
Washington we have this day opened an office at No.
1 Nassau, corner of Wall
Street, in this city.
Mr. Edward Dodge, late of Clark,
Dodge & Co.*
New York, Mr. H. C. Fahnestook, of our
Washington
House, and Mr. Pitt Cooke, of Sandusky, Ohio, will
sale, and exchange of government securities o
issues; to orders for purchase and sale of stocks,
all
gold, and to all business
National Banks
JAY COOKE & CO.
March 1,1866
oi
Fisk
P. Morton
&
Co.,
BANKERS,
At
Sight
or
STREET, NEW YORK.
&
SECURITIES.
NO. 5 NASSAU
STREET, NEW YORK
Buy and sell, at market rates, all descriptions ol
United States Securities, and
give especial attention
and Let¬
Railroad First Mort¬
Bonds.
Taussig, Fisher & Co.,
BANKERS AND BROKERS,
No. 32 Broad Street, New
York.
& CO.,
Buy and Sell at Market Rates
ALL UNITED STATES
(58 Old Broad Street, London.)
AND
UNION BANK
MERCHANTS, BANKERS and
others, and allow interest on dally balances,
subject
to Sight Draft.
.’lake collettions on
favoradle
THE
OF
LONDON,
and
of
Available in all the principal towns and
Europe and the East.
cities of
promptly execute
Gold,
State, Federal, and Railroad
Street, New York
Paris and tlie Union
Bank of
London.
CitizensBankoF Louisiana
Capital and Reserved Fund
Charles E. Milnob.
Walter H. Burns.
Drexel, Winthrop& Co,
NO. 18 WALL STREET.
Commercial and Traveller*’ Credits
Available in all the principal Cities of
Europe.
g"e O N PARIS
Sight at Sixty Days.
E X C H A N
A.
and. Gold
NASSAU
Francisco*
HANKERS
Dougherty,
AND.
NO. 11 WALL
BROKERS,
STREET, NEW YORK.
Securities, Stocks Gold and Specie
Commission.
Advances made at current rates.
Interest at four per cent per annum
allowed
posits.
&
on
de¬
Co,,
NO. 4 WALL STREET, NEW
.YORK.
Orders for Stocks, Bonds, and Gold
promptly exeemted. FOUR PER CENT
INTEREST ALLOWED
•a deposits, subject to check at
sight.
Government
Southern Securities and Bank
Notes; Central and
Union Pacific Railroad
Sixes; State, City, Town,
County and Corporation Bonds : Insurance, Manufac¬
turing and Bank Stocks, BOUGHT AND SOLD.
Frank
&
Gans,
BANKERS AND DEALERS IN
U. S
GOVERNMENT SECURITIES.
No. 14 WALL STREET
ON
Marcuard, Andre
& Co,
PABrs,
or Francs.
Sterling Bills
OF
THE
MERCHANTS’ BANK OF CANADA.
Capital
*6,000,000, Gold.
HUGH ALLAN, President. JACKSON
RAE, Cashier
on
London Joint Stock
For sale by
C.
the
Bank, London, England.
ASHWORTH, 7
New Street.
BANKING HOUSE OF
Henry
Clews
No. 32 Wall
&
Co.,
Street, New York.
Four per cent interest allowed
on all daily
balances
Currency or Coin.
Persons keeping accounts with us
may deposit and
draw without notice, the same as with
City Banks.
Certiflcates of Deposit issued
of
bearing interest
market rates.
Collections made everywhere
promptly.
United States Securities and Gold
bought
at
and sold.
State, City and other Corporate Loans
negotiated.
Our business conducted the
STREET
Utley & Geo.
’
Fould & Co,
London,
points suiting ^>uyerB of Sterling
In sums to
NATIONAL BANK
OF
same as
OF
that of
THE
MISSOURI.
a
hank
STATE
in St. Louis.
WALTER WATSON,
)
CLARENCE M.
MYLREA, > Agents.
AKCHD. McKINLAY.
Wm. R.
*’
D.SeLLECK, 3T Pine St, N.1T.'
Draw
London Joint Stock Bank,
Baring, Brothers & Co,
Columbia and'San
W.
Stocks, Bonds, Government Securities
BANKERS,
17
Bills of Exchange
bought and sold. Drafts for £
and upwards issued on Scotland
and
on demand.
Drafts granted on and Ireland, payable
bills collected in
the Dominion of
Canada, British
*2.500.000.
AGENCY,
AGENCY OF THE BANK OF
BRITISH
NORTH AMERICA.
NO.
Levi P. Morton.
Warren, Kidder
terms,
orders for the purchase or sale
Securities.
Telegraphic orders executed fir the Purchase and
Sale of Stocks and Bonds in London and
New York.
on
CIRCULAR LETTERS OF CREDIT
FOR TRAVEL¬
LERS IN ALL PARTS OF
EUROPE.
SECURITIES,
Solicit accounts from
on
Bills
SEVEN-THIRTY NOTES
EXCHANGE,
HORTON, BURNS
bought and e^ld
No. 12 Rue de la Paix, Paris.
76 State Street, Boston,
19 William
the conversion of
Into the
NEW FIVE TWENTY BONDS OF 1865
AND 1867.
Certiflcates oi Deposit issued, Deposits received
and
Collections mane. Also, General
Agents for
Co.,
[Successors to Bowles, Dbevet &
Co.]
gage
Sixty Days; also, Circular Notes
At
on
Hatch,
GOVERNMENT
Central Pacific
ters ol Credit for Travellers’ Use on
L. P.
Bowles Brothers &
bearing Four
demand, or alter
BANKERS AND DEALERS IN
o
STERLING
bought and sold on commission.
Interest Allowed on Balance*.
at the rate of Four
per
payable
BROKERS.
and GOLD
on all accessible
points in the
United States, Canada and
Europe. Dividends
and Coupons also
collected, and all most promptly
accounted for,
ORDERS promptly executed, for the
purchase and
sale of Gold;
also, Government and other Securi¬
ties. on commission.
INFORMATION furnished, and
purchases
ex¬
changes of Securities made for Investors. or
NEG >TIATlONS of
Loans, and Foreign Exchange
effected.
be resident partners.
We shall give particular attention to the purchase
30 BROAD
STREET,
CERTIF ICATES OF DEPOSIT
issued,
Street,
STREET,
AND
STOCKS, BONDS, GOVERNMENT SECURITIES
Individuals, Firms. Banks,
Corporations, subject to check at
and
sight, and interest allowed
Phi] adelphia.
L.
RANKERS
DEPOSITS received from
No. 114 South 3d
bonds and
NASSAU
NO. 4 WALL
Co.,
(Corner of Cedar street.)
New York.
In connection with
Hedden, Winchester& Co
BANKING HOUSE OF
Corner Wall and Nassau
Sts.,
Fifteenth
Bankers and Brokers.
Wm. A. Stephens
Opdyke.
G. Francis
OOOKK.
NO. 181.
ESTABLISHED 1887.
Capital paid in
$3,410,300
This Bank, having
reorganized as a National Bank,
now prepared to do a
general banking business.
Government Securities, Coin, Gold Dust and
Bullion
bought and sold at current rates. Special attention
ajies H. Britton, Pres.
West,
Chas. K. Dickson, V-Pres.
Edward P. Curtis, Cashier.
is
Siven to collections throughout the
M. K.
Jesup & Company,
BANKERS AND
Negotiate
12 PINE
MERCHANTS,
STREET,
Bonds and Loans for
Railroad Cos.,
Contract for
Iron or Steel
Ralls, Locomotives.
Cars, etc.
and undertake
_
U business connected with
Railways
1'HE CHRONICLE.
738
Boston Bankers.
Western Bankers.
COMMERCIAL NATIONAL
RANKERS & MERCHANTS,
P2ALEES IN FOREIGN EXCHANGE, GOLD AND
BONDS,
of
H. F.
M. D.
JAKES A. DUPEE.
HENRY SAYLES.
813
Sc
*
Oberge,
Henry w. King, of Henry W. King & Co.
N. <). Williams, of Fitch, Williams & Co.
H. Z. Culver, of Culver, Page & Co.
Henry II. Taylor, Farm Machinery Warehouse.
The
WALNUT STREET,
iVIarine
OF
Commission Stock Brokers.
BELL AUSTIN.
General
Philadelphia
UnionBanking Company
Sts.,
PHILADELPHEA,
MUSSELMAN, resident.
X. 1. MOODY, Cashier.
First
President.
.Manager.
National
OF
Capi t-M
DECATUR, ILL.
$100,000
Isalu Freese. Pres.
J. L. Mansfield, Vice-Pres
T. W. Freese, Cashier.
Prompt attention given to collections on all accessi¬
ble points in tlie Northwest.
Company,
BANKER*?,
Dement, [Ill.,
through
Washington.
FKST NATIONAL BANK OF
WASH-
IU.TON.
I.
our
Investments
House. Correspondence solicited.
M.
H. D. COOKE (of TaT Cooke it
C#A, President.
WM. S. HUNTINGTON, Cashio*
Freese Sc
COMMISSION
Government depository ai d Financial
Age t or the (Jnitef nates.
We bay and sell all classes of
Gove nment Securities
especial JLtear
MERCHANTS,
Isaac Harter.
G. D. Harter.
M. D. Harter,
BANKING HOUSE OF
Isaac Harter Sc
CANTON, OHIO.
..
ROB’T
R. H. Maury Sc
T. BRO
XK’
BANKERS & BROKERS,
P. Hayden.
r
on
all
poIntsT*"'*"
Western Bankers.
Gilmore, Dunlap Sc Co.,
108
&
,
Dealers in
110
West Fourth
Street.
CINCINNATI, OHIO.
GOLD, SILVER and
all kinds ol
GOVERNMENT BONDS.
COLLECTIONS MADE at all accessible
points and remitted lor
on
day of payment.
CHJECK820NI LONDON
FOE SAHE
AND PARIS
VAIL, Esq., Cashier National Bank of Com
JAMES
LOW, Esq., New York.
J. H. BRITTON, President National Bank of
State of Missouri, St. Louis.
the
J. R. LiONBERGER, President Third National Bank
St. Louis.
JOHN J. ROE, Esq., President State
Savings Instl
tution, St. Louis.
Jameson,Smith8c Cotting
16 Wall
Street, New l’«rk.
Thomas Denny Sc Co.,
HANKERS AND
NO. 39
BROKERS,
WALL STREET.
Our
Annual Financial Circular for
1868
Is now r°ady, and will be forwarded free of
charge t
parties desiring to make investments through us.
J. >1.
Weith,
Geo. Arents
J. M. Weith & Co
,
Late Ragland, Weith & Co.,
DEALERS IN SOUTHERN AND MIS¬
CELLANEOUS
NOS.
15
SECURITIES,
NEW. STREET
AND
70
BROADWAY
Loans Negotiated.
Sun Mutual Insurance
Jos.
Hutcheson.
COMPANY.
W. B. IIayden.
B
NO.
13
S.
(INSURANCE buildings)
HIGH
Incorporated 1841.
STREET,
Capital and Assets,
COLUMBUS, OHIO,
a
General
Bankirg, Collection, and Exchange
Business.
Mansfield, Freese
Brownell,
rs
and Commission
This
$1,614,540
78
Company having recently added to its prevlon
assets a
paid
up
cash capital of $500,060. and subscrip
tlon notes in advance of premiums of $300,000,
continue
to issue policies of insurance against Marine and In;
and Navigation Risks. No Fire Risks disconnected
rom Marine taken by the
Company. Dealers are en
tied to participate in the profits.
Bankers and Brokers.
Bank
49 WALL STREET.
INKERS,
DEALERS,
ST., N. ORLEANS.
F.
rnp.rf.fi.
Hayden, Hutcheson Sc Co
STOCK BROKERS AND EXCHANGE
General Partners.- J. L. Levy ;
E.Salomon,formerly
of E. J. Hart & Co.
Partners In Commendum.—E. J. Hast ; David Salo¬
mon, of New York.
President Nationl
Messrs. E. D. MORGAN & CO., New York.
1854.)
Merchants.
J. L. Levy Sc Salomon,
Collections made
It. LENOX KENNEDY. Esq.,
Bank of Commerce, New York.
Sons,
tions of Banks. Bankers and
Do
28 CARONDELET
We recommend the above loan as an undoubted se¬
are authorized to oiler a limited amount
of the Bonds at 83 1-2 and accrued interest. For the
character of the security we
refer, by permission, to
Special Attention given to the collec¬
Co.,
No. 1014 MAIN ST. RICHMOND, VA.
Sterling Exchange, Gold and Silver, Bank Notes,
State, City and Railroad Bonds and Stocks, &c.,
nought and sold on commission.
tW~ Deposits received and Collections made on all
a*ceselble points In the United States.
N. Y. Correspondent, VERMILYE A CO.
the Union Pacific at Kan
ner
Chicago, 111.,
(ESTABLISHED
JAS. L. MAURY.
Co.,
Advances made on Consignments. Eastern
orders
for all Western products solicited.
Prompt and care¬
ful attention given.
Business connected tilth the several
Departments of (he Government.
Fall information with regard to GovernmentT
tt all times cheerfully furnlsaed.
U. MAURY.
Bank,
A Regular Banking and
Exchange business transac¬
ted. U. S. Bonds and Coin
bought and sold. Capi¬
talists can make desirable Real Estate
Bankers.
connects witn
City, already completed westward 350 miles, and
with the Iowa Central and the Cedar
Rapids Railroads
in Iowa, forming by the Iowa Central a direct
connee
tion with St. Paul, and by tne latter with
Dubuque.
It runs through the choicest agricultural and coal
lands In the State of Missouri; aiid
by its connections
will have the llnest and most populous
portions of
Iowa and Minnesota tributaries to it.
The road now
completed is constructed in the most substantial man¬
curity, and
Banking and Collections
All other Banking Business in Philadelphia In
truBted to us will receive our prompt attentijn.
XOB’T
sas
CHICAGO.
Freese 8c
of the most favorable terms, and
give
tlon to
$16,000 PER
II
•OLLSCTED AND REMITTED FOR OlT DAY OF
PAYMENT, BY THE
Southern
Construction to date, $11,340,OOO.
Mortgage
I his Road
promptly attended to.
NOTES, DRAFTS, &C., &C.
N. C.
completed
YEAR, 382 1-2 MILES.
MILK.
Company
.L Young Scammon
Robert Reid
CIJAS. H. OBERGE
N. E. Cor, 4th & Chestnut
in NOVEMBER OF THIS
The only lien upon the Road is this First
of Six Millions, and which is LESS THAN
PHILADELPHIA.
.
The Road is completed and in operation from ST.
BRUNSWICK, on the Missouri River, and
to ATLANTA, In Northeast Missouri, 212 MILES.
The entire length of road which will be
LOUIS to
Amonm In Actual Cash Ixpeucted In
E. F. PuMfe , of E. F. Pulsiter & Co.
Wm. II. Kretsitigr r, lumber merchant.
S. W. Ransom, manufacturer of boots and
shoes.
Bacon Wheeler (retired).
Philadelphia Bankers.
Austin
Eames—Director of National City Bank of
Ottawa, IU.
Ferry—Director of First National Bank of
Utica, N. Y., and Chicago & Northwestern Rli. Co.
Albert Keep—Director of Michigan Southern and
v
orthern Indiana ltR. Co. and of
Henry and Albert
Wm. II.
AT THE NATIONAL BANK OF COMMERCE
IN NEW YORK
Savings Bank.
STREET, BOSTON.
BECK.
RECTORS.
F.
Alfred Cowles—Cecretary and Treasurer and
Director
of Chicago Tribune Co.
P. K. Vest fall, of
Merchants, Farmers and Mechanics
BROKERS,
JAMES
INTEREST PAYABLE JANUARY AND JULY,
$500,GOO
*
Keep.
Dupee, Beck 8c Sayles,
STOCK
FIRST MORTGAGE
30 YEARS SEVEN PER CENT RONDS
Fames, President.
Wm. II. Ferry, Vice-Pres.
Buchanan, Cashier. Geo. L. Otis, Assist. Cash.
D2
II.
North Missouri Railroad
BANK
Chicago.
Capital..
Street, Boston.
TRAVELLERS’ CREDITS issued on London and
jf_irl6 available in all parts of
Europe.
LOANS OF STERLING made to Merchants upon
favorable terms.
DEPOSITS OF GOLD AND CURRENCY received,
•abject to draft at sight and interest allowed.
ADVANCES made on consignments to Liverpool
»nd London.
NO. 22 STATE
Financial.
THE
Page, Richardson 8c Co.,
70 State
[December 12 1868.
MOSES H. GRINNELL, President.
JOHN P. PAULISON Vice-President.
Sc
Isaac H. Walker, Secretary.
Merchants,
NO. 50 BROAD
STREET, NEW YORK,
Bonds, Coin, Stocks, Grain, Flonr, and Pro¬
Bought and Sold on Commission only.
U. S.
visions
Liberal advances on consignments.
Particular at¬
tention given to collections. Four
per cent, interest
allowed on deposits.
J. L
MANSFIELD,
j. l.
Insurance
brXȣ; l8tKat-Bank Decatnr'In-
I. M.
./Etna
rRSE0£%°I)“Bo>'-dst'-c«rol£er8tN.T.
FREESEt»p0A^e.rChan‘8- ChICag°' I1L
Bankers, Bement, Ill.
OF
Company,
HARTFORD.
INCORPORATED’
1819.
CASH CAPITAL.
$3,000,000
L. J. HEN DEE, President.
J. L. Brownell 8c Bro.,
BANKERS &
BROKERS,
28 BROAD STREET, NE W
YORK,
;
Stocks, Bonds. Government Securities and Gold
Bought and Sold exclusively on commission.
Accounts of Banks, Banke s and
Individuals receiv¬
JT.
GOODNOW, Secretary.
WM. B. CLARK, Asst. Sec.
Assets July
Liabilities
J. H.
NO.
Fonda, Pres. National Mech’. Banking Ass.. N.Y«
C.B. Blais, Pres. Merchants’ Nat, Bank
Chicago.
62
118, A.
.
NEW
ed on favorable terms.
Refeeences*
1,1868
.*
$5,052,880 1
499,803 5
YORK*AGENCY
WALL
STREET.
ALEXANDER, Agent.
739
THE CHRONICLE.
December 12, 1868.]
Financial.
ONE OF THE
Central National
INVESTMENTS,
BEST
83,000,000
Capital
THE
BONDS
MORTGAGE
FIRST
OF
THE
Has for sale all descriptions of Government Bonds-*
City and County accounts received on terms most fa
vorable to our Correspondents.
Collections made in all parts of the United States and
Canadas.
WILLIAM A. WHEE
William H. Sanford, Cashier.
NEW YORK.
$1,000,000
470,000
RICHARD BERRY, President.
ANTHONY HALSEY, Cashier.
SURPLUS
MIIiESiOOMPLETfiD.
TUB
National Trust
2.
Railroad Company are
public, as one of the safest and most profitable investments.
They are a first mortgage upon the longest and most important railroad in the country.
By law they can be issued to the company on’y as the road is completed, so that they
always represent
a
Mortgage Bonds of the Union Pacific
real value.
3. Their amount is
of Congress to fifty million dollars on
the entire Pacific
of less than $80,000 per mile.
4. Hon. E. D. Morgan, of the United States Senate, and Hon. Oakes Ames, of the United
States House of Representatives, are the trustees for the bondholders, to Bee that all their
interests are protected
5. Five Government Directors, appointed by the President of the United States, are
responsible t the country for the management of its affairs.
6. Three United States Commissioners must certify that the road is well built and equip¬
ped, and in all respects a first-class railway, before any bon Is can be issued upon it.
7. The United States Government lends the company its own bonds to the same amount
that the company issues, for which it takes a second mortgage as security.
8. As additional aid, it makes an absolute donation of 12,800 acres of land to the mile
lying upon each siie of the road.
9. The bonds pay six per cent in gold, and the principal is also payable in gold.
line,
'
limited by act
or an average
earnings from the local or way business were over four million dollars last year,
which, after paying operating expenses, was much more than sufficient to pay the interest.
These earnings will be vastly increased on the completion of the entire line in 1869.
10. The
12. No
political action
can
reduce the rate of interest. It must remain for thirty years—
equal to between eight and nine per cent in currency.
six per cent per annum in gold, now
The principal is then pap able in gold.
If a bond, with such guarantees, were issued by the
cent premium. As
what is very largely
work, they must ultimately approach Government prices.
No other corporate
Government, its market price would not be less than from 20 to 25 per
these bonds are issued under Government authority and supervision, upon
a
Government
bonds
are
made
NO. 336 BROADWAY.
half a million a
day, and nearly twenty millions have already been sold.
About ten millions more may be
offered. It is not improbable that at some time nor far distant all the remainder of the bonds
13. The issue
will
soon
combination of capitalists and withdrawn from
The lmg time, the high gold interest, and the perfect
security, must make these bonds very valuable for export.
All the predictions which the officers of this Company have made in relation to the pro
gress and business success of their enterprise, or the value and advance in the price of their
securities, have been more than confirmed, and they therefore suggest that parties who desire
some
advantage to do so at once.
their bonds will find it to their
Subscriptions will be received in New
At the
York
Sight.
SPECIAL DEPOSITS for six
be made at five per cent.
PER CENT.
to Check H
months, or more, may
ONE M LLlON DOLLARS is divid¬
500 shareholders, comprising many
gentlemen of large wealth and financial experience,
who are also personally liable t" depositors lor all gV
ligations of the Company to double the amounts
their capital stock.
As the NATIONAL TRUST
COMPANY receives deposits in large or small
amounts, and permits them to be drawn as a whole or
The Capital of
ed among over
in part
by CHECK AT SIGHT and WITHOUT NO¬
TICE, allowing interest on all daily balances,
parties can keep accounts In this Institution with
special advantages of securitv, convenience and
profit.
Phipps
Franklin M. Ketchum.
Gjeobge
Thos. Belknap, Jb.
KETCHUM, PHIPPS Sc BELKNAP,
BANKERS AND BROKERS,
No, 24 Broad Street, New York.
Government securities, railroad and other bonds
railroad, mining and miscellaneous stocks, gold and
exchange bought and sold on commission. Mercantile
paper and loans in currency or gold negotiated. Inte¬
rest allowed on
deposits.
R. T. Wilson &
Co.,
LATE
WILSON, CALLAWAY Sc CO.,
Bankers and Commission Merchants,
NO. 44 BROAD STREET, NEW YORK.
Government Securities, Stocks, Bonds au(d Gold
bought and sold cm the most liberal terms. Merchants
Bankers and others allowed 4 per ceni on deposits.
The most liberal advances made on Cotton, Tobacco,
&c„ consigned to ourselves or to our correspondents,
Messrs. K. GILLEAT & CO., Liverpool.
& Co.
V E R ETT
28 State Street,
'
>
,
Boston,
AGENTS FOR
OF CHINA AND
Advances mad# on
CO.,
HEARD Sc
A 77 GV STINE
JAPAN.
consignments of approved mer
chandize.
—
Lounsbery & BROKERS,
Fanshawe,
NO.
BANKERS AND
8 WALL STREET,
NEW
Government Securities,
Cold and Foreign
Street
AND BY
Jambs Merbbll, Sea
R. Mangam, Pres,
Receives deposits and allows FOUR
INTEREST on daily balances, Subject
BICHARD P. LOUNSBERY.
Company’s Office, No. 20 Nassau
,
CHARTERED BY THE STATE
The sales have sometimes been
be exhausted.
the company can issue will be taken by
the market, except at a large advance.
to invest in
Capital;One million Dollar
E
so secure.
Company
•F THE CITY OF NEW YORK)
offered to the
1.
-
BANK.
NATIONAL
291 BROADWAY,
CAPITAL
A limited amount of the First
CK, President
The T radesmens
IUNION3PACIFIC1RAILROAD COMPANY,
930
Bank,
318 BROADWAY.
Rider &
73
YORK
Exchange.
WILLIAM 8. FANSHAWE
Cortis,
BROADWAY, NEW YORK
Successors to
John J. Cisco & Son,
Bankers, No. 59iWall
Street
SAML. THOMPSON’S
NEPHEW, and ABM. BELI
SONS.
Sterling Exchange business. Drafts on Englam
Ireland and Scotland.
Bankers furnished with Sterling Bills of Exchange,
and through passage tickets from Europe to all parts
;
of the United States,
,
,,
And
by the Company’s advertised agents throughout
Bonds sent
free, but parties subscribing
the United States.
through local agents, will look to
them for their
safe delivery.
issued October 1st,, containing a report of the
work to that date, and a raoio complete statement in relation to the value of the bonds than
can be given in an advertisement, which will be sent free on application at the Company’s
offices or to any ,of IheVJ verii&ed agents.
A NEW PAMPHLET
AND MAP
was
JOHN J CISCO,
Oct< 6th, J868,
Treasurer New
York.
,,
.
Wright’s Black Ink
resists the action sf time and chemical agents, (seo
certificate from School of MineB, Columbia
on large bottles).
This ink is instantaneously Black and unchangeably
Fluid.
College,
Will not Fade or Mould,
Does not Corrode the Pen,
Deposits no Sedimant.
For sale by all dealers, and at wholesale by
W. C. WRIG HT Sc CO.,
MAN
F AC
TURING CHEMISTS
31 Broadway,
N.Y,
.
740
TRE CHRONICLE,
Financial.
Vermilye
Financial.
&
Co.,
BA N K E R S .
No. 1 6 Nassau Street, New York.
Keep constantly on hand lor immediate delivery all
issues of
UNITED
[December 12, 1868
STOCfi)
STATES
INCLUDING
6 Per Cent Bonds of 1881,
6 Per Cent 5-20 Bonds of i862,
6
“
“
1864,
44
44
6
1865,
Per Cent 10-40 Bonds,
t 8-10 Per Cent
Treasury Notes, 1st,
Per Cent Currency Certificates.
Financial.
Drake Kleinwort&Cohen
James Robb, King & Co.,
LONDON AND LIVERPOOL.
BANKERS.
56 WALL AND 59 PINE STREETS.
The
subscriber, their representative ana Attorneys
the United States, is prepared to make advances
>3 shipments to Messrs.
Drake, Kleinwoit & Cohen
jpndon and Liverpool, and to grant mercantile
jradits upon them for use in China, the East and
West Indies. South America, &c, Marginal credits
the London House issued for the
2d, & Sd series
same
Negotiate
United States, State, City, and
Railway Bonds.
Issue
Letters of Credit to Travellers in Europe.
Advance
on Consignments of Cotton.
Receive
Money on Deposit, with an allowance of four
purposes.
cent
SIMON DE VISSER,
26
Exchange Place, New York.
Duncan, Sherman & Co.,
CO.
SOUTTER &
use
Letters
of credit
FOR
"tra v-
EXCHANGE ON LONDON AND PARIS.
SIGHT DRAFTS ON EDINBURGH & GLASGOW
Deposits subject to Sight Dral
Advanceamade on approved securities.
Special facilities for negotiating Commercial Paper.
Collect* ■'msboth lnl%na and foreign
promptly made.
Foreign and Domestic Loans Negotiated.
&
SAVINGS BANKS AND LIFE
INSURANCE COMPANIES.
BONDS,
FOR SALE BY
LAWRENCE BROTHERS A CO.,
16 WALL
John Munroe & Co.,
NO. 7 RUE
Darn by. Morgan
ISSUED IN AID OF THE SOUTHERN BOULEVARD
54 William Street.
AMERICAN
„
7 PER CENT COUPON
James G. King’s Sons,
payable in all
parts of Great Britain and Ireland.
Credits on W, TAPSCOTT & CO.,
Liverpool. Ad
vances made on consignments.
Orders for Govern
ment Stocks, Eonds and Merchandize executed.
5 Me881S. LOOEWOOD & CO.,
}
West Farms & Morrisania
STOCKS AND BONDS BO l'GIIT AND SOLD.
AT THE NEW YORK STOCK EXCHANGE.
Tapscott, Bros. & Co.
on
Opfpr hv permission to
weier ny niirmtcalnn to
ELLERS.
Negotiable
86 SOUTH STREET & 2S
BROADWAY, NEW YORK
iMue Sight Drafts and Exchange
*or
Deposits.
collected.
Government and other Securitle
Informationcheerfully given to Professional men
Executors etc., desiring to invest.
Liberal advances
COMMERCIAL CREDITS,
Dealers In Bills of Exchange,
Governments, Bonds'
Stocks. Gold, Commercial Paper, and all
on
Dividends.Coupons anti Interest
For use in Europe, east of the
Cape of Good Hop
West Indies, South America, and the United State
[No. 53 WILLIAM STREET, NEW YORK.'
Securities.
Interest allowed
States, available in all the principal cities of the
Co.,
>nt
ber-
OF CREDIT,
of Travelers abroad and in the United
world: also,
BANKERS,
Interest allowed on
or Check.
Securities, stocks, Bonds and Got 1
bought anasoid, ONLY on Commission, at me Stock,
Mil »ng stc-'- • ru- ! Gold
Boards, oi which we ure mem
CIRCULAR NOTES AND CIRCULAR LETTERS
&
For the
.
Governrr
CORNER OF PINE AND NASSAU STS.,
of 1864 &
1865 Bought and Sold.
VERMILYE
RANKERS,
XCHANGE PLACE, NEW YORK. r
-
RANKERS,
Compound Interest Notes
per
Gibson, Beadleston&Cos,
/Jew York State 7 per cent. Bounty Loan.-!
LIBERAL ADVANCES MADE ON GOVERN
MENT STOCKS TO BANKS AND BANKERS.
interest per annum.
STREET, N. Y.
SUN
BANKERS,
SCRIBE, PARIS,
AND
Hatch, Foote & Co.,
NO. 8 WALL
Mutual Insurance
STREET, NEW YORK.
Issue Cii cular Letters of Credit for Travellers in all
parts of Europe, etc., etc.
BANKERS
AND DEALERS IN GOVERNMENT SECURITIES
GOLD, &c.
No. 12 WALL STREET.
NO. 52 WALL STREET,
S. G. & G. C.
Ward,
INCORPORATED MAY 22, 1811.
AGENTS FOR
BARING BROTHERS &
LP84
bankers.
‘
lb &c. 3a.
gft.,
56 WALL
^ VvvYctAa.
I ^ewvXovV..
GficaLelA. in JIL
cculiticA,
culcL J3fo±eLci.n
ifziclicLnci-c, a.ncL
rncmbelA cf ^fbacJe. and. ^.olci
Jjh'ch.arLct.eA in. bath. cilicA.
ZfLc.cjc.unlA.
fflank'dA
af!
/^.cmlcA.
tecelucd
an
ancL
Libeled.
tdjTLA..
COMPANY.
STREET, NEW YORK,
28 STATE
| 5 J^clAAclll gfi.y
STREET, BOSTON.
Cask
Capital and Assets,
July 1st, 1868
$1,033,181 17
•
LETTERS OF CREDIT FOR TRAV¬
ELLER S.
Government and otker Securities!
Bought and sold at the Stock Exchange
Commission.
Interest Allowed
on
usual
on
Winslow, Lanier
American Fire
Insurance Co.,
OFFICE
114
STREET, NEW
BRANCH OFFICE 9 COOPER INSTITUTE, THIRD
AVENUE.
on
$500,000
00
Surplus
245.911 93
Cask Capital and Surplus,
July 1st,
1868, 8745,911 93.
Insures
Property against Loss
be usual rates.
Policies Issued and Losses
Company, or at Its various
cities In tne United States.
F H. Cabtrb,
or
Damage by Fire
Secretary.
J. Gbibwqlp, General Agent.
LIFE
City
COMPANY,
New York,
[NO. 40 WALL STREET.
$2,800,0
Important plans of Life Insurance h
adopted by this Company. See new Prospect
PTofits available alter
policies have
and annually thereafter.
•
.
”
JOHN
run one y<
y
EADIE, Presides
Nicmolas d* Gkoot,
Secretary,
Commission.
on
deposits of Gold
Albfpt F. Dat.
and Currency
Horace J. Morse.
L ETTAGMS OJt CI £ E1HTFO
R
T KAV-
ELLERS.
upon
CO., London,
5,252.56973
...
Dealers have the option of
participating in the protits, or receiving an abatement
from premiums In lieu of Scrip Dividends.
No Fire Risks
taken, except in connection with Ma¬
rine R;sk3.
T R U S T E E S
Moses II Grinnell,
John P. Paulison,
Wm.
•Simon De
Wm. R.
Guion,
Slaughter,
Isaac Bell.
Elliot C.
Cowdin,
Percy R. Pyne,
Samuel M. Fox,
Joseph V. Onativla,
Edward S.
Jaffray,
William Oothout,
Ernest Caylus,
Preston,
Crane,
Frederick Chauncey,
George L. Klngsland,
Yzuaga del Valle,
John S Wright,
Wm. Von Sachs,
James F.
Anson G -.
MOSES H.
JOHN P«
ISAAC II.
..
Toel,
Joseph Gaillard, Jr.,
Alex. M. Lawrence,
Visser,
Isaac A.
:
Thomas J.
«
Devlin,
Louis T'eBebian,
William II. Macy,
Fred. G. Foster,
Richardson T. Wilson,
John II. Macy,
Henry Forster Hitch,
Elias Ponvert,
Orders for Stocks, Bonds, and
Merchandise, executed
In Loudon by cable or
mail.
Wall
in
lowest rates of Premium.
A.
Sterling Exchange at Sight and Sixty
Days
ALEX. S. PETRIE 4c
Williams &
redeemed
Penniman,
Frederic Sturges,
P. Stokes.
GRINNELL, President.
PAULISON, Vice-President.
WALKER, Secretary.
Street, New York,
John Bailey,
J. A. Buckingham.
F. F. Htll,
Late Bound & Bailey.
Member N.Y. St. Ex.
Hanover Fire Insurance
Bailey,Buckingham& Co
No. 45 WALL STREET.
s
tF“New and
„
STREET, NEW YORK.
01
ASSETS.
been
Interest allowed
subject to draft.
71
States
INSURANCE
In tkc
at
paid at the office of the
Agencies In the principal
JAMES W. OTIS. President.
R. W. BLEECKER, Vice Pres
United
BROKERS,
Stocks, Bonds, Gold and Government
Securities, Konglit and Sold
INCORPORATED 1823.
Cash Capital
and
cash, wltk Interest.
John E.
Day & Morse,
AND
26,975,106 02
Scrip Divi¬
cie«
IN
GOVERNMENT AND
OTHER SECURITIES.
Interest allowed upon deposits of Gold and
Currency,
subiect to Check at Sight. Gold loaned to Merchants
and Bankers upon favorable terms.
NO. 16 WALL
of
THIS COMPANY CONTINUES TO ISSUE POLI
on Marine and Inland
Transportation Risks at
YORK.
Lockwood & Co.,
BANKERS
BROADWAY,
ers
BANKERS,
27 PINE
Company...
Amount
Co.,
6c
DEALERS
North
the
dends declared to Deal¬
RANKERS.
INSURANCE.
Amount of Losses paid,
since organization of
Deposits.
NO. 94 BROADWAY & No. 6 WALL STREET.
FIRE
Co..
Also Commercial Credits.
RANKERS AND
44
BROKERS,
WALL STREET.
Buy and sell Commercial Paper, make advances on
good securities, execute orders for the purchase and
sale of Stocks, Bonds and Gold for the usual commis-
COMPANY,
July 1st,
Cash
capital
Surplus
1867.
$400,000
206,63
Gross Assets
Tota iLiabilities
$606,634
50,144
BENJ. S. WALCOTT Presi
Rbm srjCLajte Secrutary.
•
,
*THES
ommerrjaj & ffiinant|n
•ante’ fadtr, ftamerciat ®te, ^ixihmty Panitor, and
imsutanw fotmtal
A
WEEKLY NEWSPAPER.
9
REPRESENTING .THE INDUSTRIAL AND COMMERCIAL INTERESTS OE
THE UNITED STATES.
VOL. 7.
SATURDAY, DECEMBER 12,1868.
CONTENTS.
world.
THE CHRONICLE.
The Trea«uy
,
Report
741 i Latest Monetary find Commercial
The C mi 'troller of the
Currency
| English News
on C rtiflei
Checks.
742 1 Department Reports
Public D bt of the United-tates
743 \ Commercial and MieccllaneonB
Changes in the Redeeming
1
News
Agents of National Banks
743 |
.
743
745
756
THE BANKERS’ GAZETTE AND COMMERCIAL TIMES.
Money Market, Railway Stocks,
U. S. Securities, Gold
Market,
Foreign Exchange, New York
C unmercinl
Cotton
Securities List
761
762
763
704
765
766
Tobacco
Breadstuffs.
....
City Banks. Philadelphia Banks
National Banks, etc
bale Prices N.Y. Stock
Exchange
National, State and Municipal
Epitome
156
Groceries.,..
759
Dry Goods.
Prices Current
773-4
160 |
THE RAILWAY MONITOR AND
INSURANCE JOURNAL.
Railway News
1p0 I
ons Bond \
Railway, Canal, etc., Stock List.
110 ! Southern
Railroad, Canal and Miscellane•*•*;■ ;**
1 Insurance and
•
?
e(^^1(\8‘
Mining
Journal.
rn.2
.
7 z
®l)c tffyronicU.-
hr
Commercial
and
Financial Chronicle is issued
every Satur
The short date
the loan
NO. 181.
was
Seven-Thirties, by means of which
negotiated,, have now been funded into long
bonds, as have also the whole of the short obligations which
are
supposed likely to embarrass the Treasury. The fund¬
ing process is just about completed, and the report before us
offers, as one of its chief features, an account of the closing
up of the transaction.
A second point of interest in the
period of Mr. McCulloch’^
service of office, is the growth of our internal revem
system. Clumsy and costly, oppressive and inquisitori
it destroyed much more of the nation’s wealth than itbrou
into the Treasury, and as it became too burdensome tC8.
borne, it has by successive acts been so modified athe
improved that it compares favorably as a system with th^
revenue
methods
of other
countries.
Of
course
we
are
day morning by the publishers of Hunt's Merchants' Magazine speaking from a legislative point of view, and when the
with the latest news
up to midnight of Friday.
administering of the revenue laws is made so pure and
strict, and faithful, as to break up the whisky ring, and to
TERMS OF SUBSCRIPTION-PAYABLE IN
ADVANCE.
For The Commercial and
Financial Chronicle, delivered by carrier
stop the tobacco frauds, the improvement in our fiscal
to city
subscribers, ana mailed to all others, (exclusive of postage.)
For One Year.
•.
$10 00 methods may be pushed still further, so as to relieve the
For Six Months
6 00
The Ciiro* iclr will he sent to
subscribers until ordered discontinued by letter. industrial energies of the people from the direct
pressure of
Postage w20 cents per year, and is paid by the subscriber at his own
post-office.
WILL'AM B. DANA,
taxation, and to let the fiscal screw press where the body
)
WILLIAM B DANA & CO., Publishers,
J ohn o.
tloyd, jh. )
79 and 81 William Street, cor. of Liberty.
politic is the least sensitive.
Post Office Box 4,592.
By far the most important part of the report before us is
Remittances should
invariably be made by drafts or Po that
discussing the currency. After showing how our
Office Money Orders.
irredeemable paper currency increased the cost of the
war,
Bound volumes of the chronicle
f >r the six months ending July and have added to the peace
and expenditure of the Govern¬
1, 1868, and also previous volumes can be had at the
office.
ment ; how it causes
instability in prices, perturbation in
trade, and hinderance to industrial progress; how it shakes
OUR EXTRA.
the public credit by raising dangerous
We furnish our readers with an
questions as to the
eight page extra to-day,
payment of the public debt; how it gives to the rich and
containing the reports in full of the Secretary of the Treasury robs the
poor, he concludes that “ if our country is in a
and the Comptroller of the
measure
Currency.
prosperous witffsuch an incubus upon it, it is because
it is so magnificent in extent, so diversified in
climate, so
THE TREASURY REPORT.
rich in soil, so abundant in minerals, with a
people so full of
There are three topics in the
Treasury report which, dur. energy, that even a debased currency can only retard but
ing the last -.week, have been anxiously canvassed—the not put a stop to its progress.”
funding of the debt, the question of taxation, and the resump¬
What is the remedy for this evil which is thus
vividly set
tion of coin
payments. The Secretary of the Treasury before us 1 On this point the
reply of Mr. McCulloch is
may certainly be complimented in having prepared, as his two fold.
First, he very justly says the remedy is to be
last report, a document which in lucid
statement, practical found in “ a reduction of the paper circulation of the country
wisdom and judicious
suggestion, will compare favorably till it appreciated to the specie standard.” This sound view
with any financial state
paper ever issued in this country or of the subject Mr. McCulloch says he still adheres to, and
elsewhere. In reading this paper we seem to
pass over the he adds that the remedy was emphatically condemned by
entire period of Mr. McCulloch’s
Secretaryship, which forms Congress, and it is now too late to return to it. At a future
indeed
an
interesting chapter in the financial history of this
time
shall
have something to say about this gloomy
When he entered the Cabinet our finances were view of contraction as being condemned by Congress and
in the deplorable state of confusion and
derangement inci¬ impossible of readoption. Congress intended, as we have
dent to the conclusion of the war.
Eight hundred millions often showed, to forbid the abuses of contraction rather than
of money had to be raised in a shorter
space of time than to stop contraction itself or to condemn the country forever
so
large a sura was ever obtained by any government in the to the miseries of a redundant, depreciated, irredeemable
country.
we
circulation.
but
As there is
no
for payment;
much currency
other remedy for redundancy deposit it with his bank instead of presenting it
and thus the trouble and time of
there£is no other permanent remedy than
depreciation and unstability which redundancy
contraction,
this for the
[December 12,1868.
THE CHRONICLE
742
so
is saved to both the bank
which it is
on
counting
so
which it is drawn and that in
deposited, while the risk of carrying money
to
bank is avoided.
Next morning, the
The case does, however, admit of palliation.
Secondly,
therefore Mr. McCulloch proposes that the coin contract check is settled, through the Clearing House, without
lawT should be enacted, and that another law shall be passed the use of a dollar of currency, the currency lying dor¬
providing, first, that after January, 1, 1870, the green mant in the banks instead of repeatedly changing hands*
backs shall cease to be a legal tender for private debts sub¬ Certification is thus seen to be a very important economy of
sequently incurred, and secondly, that after the further lapse time and trouble to the banks and their customers. Without
of one year greenbacks shall cease to be legal tender for any 'some such arrangement, indeed, it would be almost impossible
purpose except Government dues for which they are now to carry on the enormous daily transactions of Wall streets
receivable.
Thirdly, he proposes to contract the outstand¬ Banks, bankers and brokers would have to double their estab¬
ing volume of the greenbacks by making them convertible lishments forcthe purpose of turning over and over and from
at the pleasure of the holders into bonds, bearing such a hand to hand the currency which, under the present joint
rate of interest as Congress may appoint.
operations of certification and Clearing House settlements, lie,
This proposition of the Secretary is so judicious, and undisturbed in the bank vaults, representing the transactions
would meet so many of the conditions of the case, that we but not used in them, beyond the settlement of balances be'
wonder it has not received more attention from the daily tween banks.
The Comptroller characterises the expedient of certification
press.
When the pending trials in the Supreme Court
have settled the mooted questions about the constitutional¬ as an “ inflation” to the extent of about $112,000,000. That
ity of-the legal tender law, we shall recur to this important the checks serve the functions of circulation for the day is
unquestionable; but it is an error to regard them as an addi¬
aspect of the currency question.
tion to the active circulation ; for they cause,.as before stated,
COMPTROLLER OF THE CURRENCY ON CERTIFIED CHECKS. the cuirency in the banks to remain inactive, instead of being
PaThe annual reports of the heads of the financial bureaus are turned over say twice daily. Without the use of checks there
ranc-ually -impoitant and voluminous, and yet somewhat in- would be the same amount of business transacted as with
meDttous in some of their recommendations. The report of them, except so far as operations might be curtailed by the
pj/roller Ilulburd, though in the main an able document, clumsy, embarrassing and more costly method of effecting
„nting a clear elucidation of important current questions exchanges. Mr. Hulburd is literally accurate in repre¬
ANs’cting banking, is yet open to objection on some of its senting the certification of checks as an extension of.
conclusions.
We have bad repeatedly to take exception to “credit” to the customers of the banks; but his language
the views of the Comptroller relative to the certification of leads to a very mistaken conclusion, when he says that the
checks, but never so decidedly as in connection with this pres¬ banks thus furnish “$112,000,000 of credit for speculation,”
and that “ a fictitious capital of $120,000,000 is created by
ent document.
As we view the matter, the report appears to have totally means of certified checks.” In the case of certification where
misconceived the nature and purpose of certifications as prac¬ the assets do not, at the time, stand to the drawers credit,
ticed by the banks of this city.
The certification of a check there is of course an extension of credit; the credit, however,
is an affirmation by the bank on which it is drawn that the is but momentary; it is not independently of funds to be pro¬
drawer is “good ” for the sum specified on the order, and is vided by the party to whom it is granted, but in anticipation
regarded as binding the bank for the payment of the check. of a deposit to be made immediately after, when the credit
The drawer may have assets to cover the check, or he may ceases to be such.
The transaction effected through the certi¬
not; and, in the latter case, the bank certifies on the under¬ fied check is really represented by the drawer’s own means,
standing that his account will be made good before the close of and could have been effected equally without the certification,
business on the same day ; these anticipatory certifications are, only by a less convenient method, as before indicated. The
of course, granted only to firms of known means and credit; and Comptroller’s objections, if they had any force at all, would
the practice appears to be an almost inevitable adjunct of the apply against the use of checks certified or uncertified. For
present method of transacting business, especially in Wall street. if certification were abolished, checks would inevitably be
A broker buys, say $100,000 of bonds, for which he has to
pay used to about the same extent as now; the difference being
-principally with money borrowed from another party, giving that the business would be transacted only through firms of
the bonds as collateral for the loan; he cannot procure the the highest credit, whose checks would pass without certifica¬
money until he has deposited the bonds with the lender, and tion. If the certified checks are an inflation, why should not
yet he cannot procure the bonds until lie can give the seller a the uncertified be regarded as such ? And why, according to
satisfactory check. The seller of the bonds refuses the unen¬ this reasoning, should not all' checking be abolished as
dorsed check of the buyer because the amount is
large, and fictitious credit” conducive to demoralizing speculation?
he does not sufficiently know the position of the drawer.
The Comptroller attempts to prove more than even he
To
avoid this difficulty the buyer of the bonds asks his bank to himself allows in affirming that the New York banks “furnish
certify his check for $100,000 as “good,” promising to deposit $70,000,000 of capital and $112,000,000 of credit for specu¬
before the close of the day the check of the party with w horn lation.”
According to this, the speculative loans, represented
he has arranged* to borrow on security of the bonds. The almost
entirely by demand loans, ought to stand at $182,bank knows his affairs, has confidence in his
000 ; yet, in another part of his report, he represents the
probity, and guar¬
antees his check; the effect being to grant him a credit for demand loans as
averaging only $68,500,000; conclusively
the time necessary to get the bonds, deposit them with the
disproving the assumption that the banks afford $112,000,000
and place the check of the latter in the hands of “credit ” or “ fictitious capital ” through certification.
money lender,
of the bank. The banks in
It is much to be regretted that the Comptroller, upon
making this a common practice
with brokers of
good standing, have an important compensa. these hastily conceived opinions, should have undertaken the
tion in
saving the handling of an immense amount of money, grave responsibility of recommending that “ National Banka
The fact of the check
being certified causes the receiver to , be prohibited by law * * * from certifying checks to be
brings.
from
j
;
“
bank
December
THE CHRONICLE.
12, 1868.]
good which are not drawn against actually existing cash
deposits standing to the credit of the drawer when the checks
are made and presented.”
Such a course would be an un¬
warrantable and mischievous interference with the
method of
conducting business established between the banks and the
public. It would accomplish no conservative purpose;
would remedy no evil; would cause serious temporary em¬
LOCATION.
743
REDEEMING AGENT.
NAME OF BANK.
New York.
The First National The First Nation >1 Bank of New York,
Bank of Palmyra.
appr ved in place of The
tional Bank of New York.
The Third National The Fourth National *-flnk of New
ILnk
of Nash¬
Aork, approved in pi <ceof The Amer¬
ican Exchti ge atlODalBank oi New
ville
Palmyra
Ninth Na¬
Tennessee.
Nashville
York.
Indiana.
The First National The First National Bank of
Bank of LaFayto
LuFajette
approved in addition
Cincinnati,
The Nation¬
al Broadway Bank o' New York.
ette
The First Natioi al The Unio ; Nat:onal Bank of Chi^a^o,
Bank of Oshko h
approved in aridiiion to The irst Na¬
tional Bank of Milwaukee.
Wisconsin.
Oshkosh
perpetual inconvenience; and the effects
the speculative interests of Wall Cates!
filanetart) anil (lomnurriai (Snglisl)
but also upon a large extent of wholesale operations in
barrassment and
would not fall alone upon
street,
commerce,
the
where certification is found to be
convenience
of transfer
as necessary to
in the transactions on the
as
KATES OF EXCHANGE AT LONDON, AND
AT LATEST OATES.
EXCHANGE AT LONDON—
NOV. 24.
Stock Exchange.
O
Jfaum
ON LONDON
EXCHANGE ON LONDON.
LATEST
PUBLIC DEBT OP THE
UNITED/STATES.
Abstract statement, as appears from
returns in the Treasury Department, on
1st of December 1868
the books and Treasurer’s
the 1st of November, and
:
Amsterdam.
Antwerp....
Hamburg
5
6
6
percent.bonds..
Increase.
December 1.
November 1.
1881...
“
$221,588,400 00 $221,588,400 00
283,677,300 00
283.677,300 00
1,602,312,250 00 1,602,570,400 00
(5-20’s)
Total
,$
2,107,577,950 00 2,107,836,100 00
“
Decrease.
258,160 00
DEBT BEARING
6 per ct. (RR ) bonds
8 p. cent, certificates
Navy Ren. P d 3 p.c.
258,150 00
114,519,000 00
Total
$44,337,000 00 $2,143,000 00
58,140,000 00
.......
14,000,000 00
$
116,477,000 00 1,958,000 00
185,000 09
“
$2,956,950 00
$2,478,450 00
60
Madras
Calcutta
Sydney
15,
Dec.
1
30 days.
B’ds of Apr. 15, 1842,
Jan. 28, 1847 &Mar.
81, 1848
Treas. n s of Ma. 3,63
snort.
44
* p. e. dis.
44
14
44
44
44
44
3 moa.
Nov 24.
Nov. 2
.
3 moa
3J
days.
11.93 @1194
25. *2)4 @ —
13. 9*@ —
25.17X@25.22*
@25.82*
25.30
83
66*
109*
**ov. 24. 60 days.
1 p. c.
90 days.
Oct 25.
IN ov. 24.
15*
60 days.
\ “
19*
Oct 24.
4k
uct. 27.
19*@ 44
Oct 3
46*@ 44
19 *@
Oct 27.
6 mos. 4s. 5d.
Oct. 23.
® —
44
4s. 5*tf.@ —
Oct 21.
44
Oct. 2L.
1*<&I*P. *
44
is. 11 %d.
Nov. 21.
44
Is 11 *d.
Nov. 20.
44
is. U%d.
Nov. 20.
30 days.
Oct 12
*p c.
London, Wednesday, November 25,
5,128,310 00
ind’t.y
Treasury notes (old).
Nov. 24.
RATH.
IFrom our own Correspondent.]
1867,
l,v-ep.
1 do 15, and Oct. 1 do
,
g
16. 1868
B’ds of Texas
4s. Gd.
4s. OiL
1 p c. dis.
Is. 11 yzd.
Is. \\yzd.
Is. 11* d
July 15, Aug. 15 Oct.
May 15, A
days.
Hong Kong...
Ceylon
Bombay
$478,500 00
$
New York....
Jamaica
Havana
Rio de Janeiro
Bahia
Pernambuco..
‘
0 p. c. comp. int. n’es
matured June Id,
Berlin
6.26)4® 6.27
32 @ 32*
St. Petersburg
Cadiz
48*@ 4*%
90 days.
Lisbon
52 *@ 52*
3 months. 27.15 ©27.X&
Milan
Genoa
Singapore
TIME.
short.
25,12)4 @25.22)6
8 months, 11.93 @5.1 95
Valparaiso....
MATURED DEBT NOT PRESENTED FOR PAYMENT.
7-30 n.due Aug. 15,’67,
J’e do J’y 15, ’63..
.
DATE.
13Tn*@13.10%
25.32)$ @25.37*
Naples
CURRENCY INTEREST.
$42,194,000 00
58,325,000 00
14,000,000 GO
short.
11.18*@11.19
8 months. 25.35
4ft
...
Paris
Paris
Vienna...
DEBT BEARING COIN INTEREST.
RATE.
TIME.
ON—
256.0: i0 00
151,611 64
4,224,920 00
256,000 00
149,361 64
903,390 00
2,250 00
52,000 00
1868.
During the present week business has been greatly retarded by the
county elections, and, as a consequence, much quietness has prevailed
in nearly all departments.
There have, indeed, been s me exceptions^
they have been few, the general character of trade beirg decidedly
inactive, while but few signs of a coming improvement have as yet pre_
Certifl. of indebt’ess
13,000 00
sented themselves to the public mind.
The causes to which allusion
Total,
9,753,723 64
8,245,883 64 $
$1,507,840 00 was made last week are in force now, and it is very probable that as
DEBT BEARING NO INTEREST.
soon as the elections are concluded, the remark will be that the close of
United States notes. $356,021,073 00 $356,021,073 00
$
$
•
the year is too near to admit of any increase of business for the pr sent
Fractional currency.
33.413,985 42
33,875,208 17
461,282 75
Gold certi. of deposit
Such will, no doubt, be the case, and for that reason quietness must be
19,716,840 00
23,256,840 00 3,539,000 00
expected to prevail in commercial circles for the next six weeks at
Total
$
409,151,898 42 413,152,181 17 4,000,282 75
least.
The great caution hitherto pursued by the commercial body
RECAPITULATION.
must be expected to continue, inasmuch as any departure from such a
$
$
$
$
course would, under the existing circumstances, be deemed extremely
Bearing coin interest. 2,107,577,950 00 2,107,836,100 00
258,150 00
Bearingcur’yinterest., 114,519,000 00 116.477,000 00 1,958,000 00
Matured debt
The next revival of activity will probably commence when
8,245 883 64
9,753,723 64
1,507,840 00 imprudent.
Bearing no interest
409,151,898 42 413,152,181 17 4,000,282 75
preparations are being made for a supply of Spring goods ; but, just
in the same way that a fair degree of activity was experienced when
Aggregate
2,641,002,572 C6 2,645,711,164 81 4,708,592 75
Coin & cur. in Treas..
113,873,019 24
106,679,320 67
7,193,698 57
the retail houses were laying in a stock of winter goods, so a spasm of
Debt less coin and cur 2,527,129.652 82 2,539,031,844 14 11,902,291 32
animation may be expected to prevail when a similar operation is under¬
The following statement shows the amount of coin and currency gone for a supply of Sping goods.
At the present time, however, it
is difficult to forsee much more than a temporary improvement.
separately at the dates in the foregoing table:
Some persons have asserted that the Bank directors ought to have
COIN AND CURRENCY IN TREASURY.
raised their minimum rate of discount to three per cent last week, and
Coin
$103,407,985 77 $88,425,374 54 $
$14,982,611 23
not to have adopted a half-measure by advancing it to only
Currency
18,253,946 13 7,788,912 66 '
10,465,033 47
percent.
The state of the money market during the present week seems, how¬
Total coin & curre’y
113,373,019 24 106,579,320 67
7,193,G98 57
The annual interest payable on the debt, as existing October 1? ever, to suggest that the course they pursued was the more correct
and November I, 18G8, exclusive of interest on the compound one, and, indeed, it is not improbable that rather than raise it to 8 per
cent, it would have been better to have allowed it to remain at 2 per
interest notes), compares as follows*.
This week choice bills, which will mature during the present
cent.
ANNUAL INTEREST PAYABLE ON PUBLIC DEBT.
year, have been discounted at 2 per cent, and three months’ bills at
Decrease.
November 1. December 1.
Increase.
per cent.
The business of the Bank has materially fallen off, but the
Coin—5 percents...
$
$11,079,420 00 $11,079,420 00 $
reduction in the ameunt of business done is to some extent compensated
6 “
1881...
17,020,638 00
17,020,638 00
Temporary loan...
.
487,600 00
445.492 00
314,860 00
435,600 00
445,492 00
243,160 00
13,000 00
but
71*766*66
..
..
..
“
“
6
“
(5-20’s)
90,154,224 00
15,489 00
Total coin interest. $124,238,793 00 $124,254,282 00
Currency—6 per cents $2,531,640 00 $2,660,220 00
“
$15,489 00
128,580 00
3
90,13S,735 00
2,169,750 GO
Total currency inter’t.
2,164,200 00
$4,701,390 00
$4,824,420 00
TT...
..
*6*550*66
$123,030 00
CHANGES IN THE REDEEMING AGENTS OP NATIONAL BANKS.
The following are the changes in the
Redeeming Agents of National
ending December 10. These weekly changes
are furnished
by, and published iu accordance with an arrangement made
with the Comptroller of the Currency.
Banks for the
w&en
by the higher rate charged for accommodation. Had trade been active^
it is quite possible that a rise to 3 per cent might have been fully
justified, and would have been desirable ; but as tra e is almost wholly
devoid of activity, a sudden rise to 3 per cent might have inspired some
alarm, and checked that tendency to improvement apparent at the
present time. The commercial mind might have been led to under,
stand that foreign loans bad necessitated a large withdrawal of gold
from the country, and that the advance of one per cent io the rates of
discouit was intended to operate in preventing an outflow of the
precious metals.
the
Such, however, is by no moans the case. Beyond
there is no export demand fo
withdrawal of £1,000,000 for Russia
744
THE
CHRONICLE.
[December 12, 1868.
gold for the Continent, and there is an almost complete absence of Barley (Canadian), per hush 50
50
5 0
50
50
Oats (Am. &
50
Can.) per 45 lbs 38
38
37
37
37
inquiry for silver for shipment to the East. The trade demand for Peas.. (Canadian) pr 504 lbs 46 0 46 0
37
.46 0
46 0
45 6
45 6
money is sfill very quiet, and it is quite evident that in order that a rise
Liverpool Provisions Market.—This only feature worthy of note in
in the bank minimum
should, under present circumstances with regard this market is
the sudden rise in Beef from 87s. 6d.
to 107s. 6d,, with
to trade, be looked
upon as a favorable feature, it should follow, and be a
subsequent decline, however, to 105s., at which
caused by, an
price it closed irreg¬
improvement in the general condition of business. Trade, ular. Lard has
advauced Is. 6d., closing at
at the present time, is so
67., while Bacon is down
quiet that every encouragement should be 2s.,
closing at 63s.
given to it, and no apprehensions should be instilled into the mercantile
mind that foreign loans are
Sat.
Mon.
Tues.
Wed.
Tli a
Frl.
likely to make money dear. The foreign
s. d.
s. d.
8. d.
8. d.
B. d.
s. d.
loans lately introduced
BeeT(ex. pr. mess) p. 804 lbs 87 6
will, of course, have some effect upon our money
87 6
87 6
105 0
105 0
105 0
Pork(Etu. pr.mess) d 200 lbs 87 0
87 0
87 0
87 0
87 0
market, and also on our trade, because, as they are chiefly for railway
87 0
aeon
(Cumb.cut) p. 112 lbs 65 0
55 0
55 0
55 0
54 0
53 0
Lard (American)
“
65 6
“
65 6
purposes, some large purchases of goods necessary to the construction Cheese
66 0
66 0
66 0
67 0
(fine)
“
66 0
66 0
66 0
66 0
66 0
66 0
of railways must be made on this side.
As yet the foreign loans
Liverpool Produce Market.—Naval stores, Rosins and Spirits
brought forward here have not been sufficiently nurnercufi to
Turpeutin(?i after a firm openingj became du„ and decIiningi clo8iDg ftt 6s<
money market very materially. The actual sums of money sent away
for common
Rosin, 16s. for fine Rosin, and 27s. for Spirits Turpentine.
have been small, and not until
£1,000,000 was taken out of the Bauk Petroleum has been
firm all the week for both refined and
by Messrs. Baring for Russia was any effect perceptible. That heavy
spirits,
Tallow unchanged. Linseed Cake
better at £12 per ton, while Linwithdrawal induced the Directors to raise the rate of
discount, but in seed Oil is
dull, closiug at £26 6s.
the face of so much idle
money here and at Paris, and with trade so
Sat.
Mon
quiet, it would seem evident that in raising the quotation only to 2^
Tu.
Wed.
Th.
Frl.
8. d.
e. d.
8. d.
8. d.
8. d.
B. d.
Rosin (com Wilm ) .per 112 lbs
per cent the more prudent course was
6 3
6 0
6 0
6 0
6 0
adopted. The mouey market at
6 0
do
Fine Pale...
“
16 0
16 0
the present time is characterized
16 0
16 0
15 0
15 0
“
by much quietness, but as large sums Sp turpentine...;..
28 0
27 6
27 6
27 6
27 0
27 0
Petroleum (std white).p. S lbs.
of money will be
1
6
1 6
1
6
1 6
1
6
1 6
required during the last two weeks of the year, the
0 8
spirits....per8 lbs
0 8
0 8
0 8
0 8
0 8
Tallow (American)..p 112 lbs.
present quotations will undoubtedly be supported.
50 0
60 0
50 0
50 0
50 0
60 0
In the wheat trade there has been
Sat.
Mon.
Tu.
Wed.
Th.
continued flatness, and a further Lins’d cake
Fri.
(obi), p ton 12 0 0 12 0 0 12 0 0 12 0 0 12 0 0 12
0 0
decline of fully Is. per quarter has taken
26 6 0 26 5 0 216 5 0 26 5 0 26 5 0
place in the quotations. Linseed oil. per ton
26 5 0
Within the last few
days a heavy rain has fallen throughout the country
London Produce and Oil Markets.—Calcutta
Linseed has been dull
and the result has been most
beneficial to agriculture. The wheat
closing at 6 7s. 6d. Sugar has also ruled generally dull, both on the
already planted will have, therefore, a good start, for at no former spot and to
arrive, the quotations receding a fraction towards the close.
period has the time for ploughing and sowing been so favorable as dur¬
Sperm Oil was steady all the week at £96, but dropped £2
to-day.
ing the present season. The following is the statement of
imports and Whale Oil 10s. lower than the price current last week,
closing at £3L
exports:
affcct^uir j
“
WHEAT.
-Imports.
From—
1867.
1867
31
,
Exporte.-
.
lSti8.
1868.
5.0ol.199
283,539
392,501
S93,879
611,652
112,461
6,548
7,226
15,173
1,418
21...
681,522
8,604,899
6,929,231
312,486
Sperm oil,./..
51.399
Week ending Nov. 7.
“
“
“
607,900
66,60)3
121,177
54,680
819,656
6,86?
90,744
Total
7.625
695
532
229
380
493
636,063
“
90,473
95
38
86 6
0 0
0 0
Tucs.
£0 68 0
95
38
36 6
0 0
0 0
Wed.
Th.
£0 57 6
£0 58 0
95
3S
36 6
0 0
0 0
Fri.
£0 67 6
,36 6
95 0 0
33 0 0
93
38
36 3
0 0
0 0
859
5,255
100,118
14.
21.
£0 68 0
05
\v bale oil
National Treasury.—The
tain
Date.
Nov.
‘
2,009
10,752
weekly transactions
1.—Securities held
FLOUR.
393.8)2
Mon.
58 6
36 6
0 0
38 0 0
6,439
684,455
Sept. 1 to Oct. 31
112 fi>
per
1867.
6,296,638
cwt.
(Calcutta).. .£0
Sugar(No. 12 Dch std)
942,284
Sept. 1 to Oct,
Sat.
Linseed
'
Dec.
by the U S. Treasurer in
For Circulation.
7
For U. S.
341,495,600
341,514,6«>
341,566,304
340,544,030
14
14
following forms present a summary of cer.
Treasury and Custom House®
at the National
21
28
5
trust for National bank
Deposits.
38,060,350
38.106.350
38,073,0 0
37.948.350
341,638,(^3
Total.
379.555.950
*
379 620,950
379,639,354
383.492.950
37,554,850
379,193,450
2.—National bank currency
English Market Reports—Per Cable*
The
daily losing quotations in the markets of London and Liver
pool for the past week, have been reported by submarine
telegraph as
shown in the following summary :
London Money and Stock Market.—Consols
issued (weekly and f ggregate), and the
(including worn-out notes) returned, with the.amount in circu-
amount
ation at date:
Week
,
Notesissiaed.
Current week.
Aggregate.
,
endingKNov.
7..
14..
21..
28..,
5...
83,600
310,450,876
Notes
Notes in
Circulation
returned.
10,515,001
299,934,875
'
310,604,276
10,615,351
299,948,925
opened the week at
159,030
310,72i,2 16
10,821,907
299,901,889
92£@f for money, and 92§@£ for account, and ruled quiet at about the
132,980
310,855,976
10,127,120
299,835,569
Dec.
same rates,
311,020,406
11,145,994
299,874,409
closing at 92£ for money and 9‘J£:?£ for account.
United
8.—Fractional currency received from the
States Five-Twenty bonds hade been
Currency Bureau by IT. S.
steadily held at a fraction lower Treasurer and distributed
weekly; also the amount destroyed:
quotation than that current the previous week.
In the railway stock
Weekending.
Received. Distributed. Destroy’d
market we note considerable
activity in the Atlantic and Great Western Nov. 7
630.200
467,995
14
Consolidated Mortgage bonds, with a gain in the
526,500
356,117
426,760
quotation of 4£ per
21
561,982
665,368
500,300
cent on the
28
opening price. Erie shares were depressed early in the
402,000
454,589
269,000
Dec.
4
553 000
840,978
605,900
week, but toward the close a better feeling was
apparent. Illinois
Treasure from California.—The
Central shares have ruled quiet
and steady. Our latest despatch this
steamship Rising Star, from
Aspinwall, arrived at this port Dec. 8, with treasure for the followii g
evening reports the tone of the stock market easier, without quotable
consignees:
change, however, in prices. United States Five-Twenties bonds at Dabney,
Morgan & Co
$119,851 63 S. L. Isaac & Asch
$500 0®
Frankfort have ruled dull aud
76,000 00 James Bishop & Co
depressed throughout the entire week, Eugene Kelly &Co
437 5”
Wells, Fargo & Co
2,950 00 Moritz Meyer
22,382
closing at 78£ for the issae of 1862.
F. Probst £ Co
4,087 00
-
Consols for money.....
“
for account...
U. S. 6’e (5 20’s) 1862..
liltuoisCentral shares.
Erie Railway shares
Atl. &U. W. (consols).
..
The
Sat.
Mon.
92*-%
92%-%
74%
96*
Tues.
92*
92%
74%
25*
96
25
37%
Thu.
92%
92%-*
74%
96*
26%
40%
26
37%
Total
Wed.
92%
92*
74%
96*
37%
92*
92*-%'
74*
96*
26
41%
daily closing quotations for U. S. 6’s (1862) at Frankfort
Fr&nkioit
79
79%-*
79
....
78%-79
Liverpool Cotton Market.—See special report of cotton.
Liverpool Breadstuff's Market.—There is a better tone
Fri.
92*
93%
74*
96*
26*
42
were—
7S%
to
report
regard to Flour and Wheat, towards the latter part of the
week,
but in the
remaining articles in the reported list the same quietude
prevails that has characterized this market for several weeks
past.
Flour has gained 6d. and Western Red Wheat
6d., while Coin has lost
8d., Oats Id. and Peas 6d.
Flour, (Western)....p. bbl
Wheat (No.2 Mil. Red)p. ctl
25
9
Corn (Weat, nix’d)
p.
12
38
4*
(California white) “
480lbe
Mon.
8. d.
6
25
4
0
9
9
12
38
6
5
0
9
Tues.
s. d.
25
9
12
88
Wed
8.
6
5
25
0
12
38
9
9
d.
6
6
0
9
Thu.
8.
26
9
12
88
ment of the year, are
Date.
Jan.
“
from San Francisco since the
shown in the
d.
0
6
0
9
Fri
d.
26 0
9 9
12 0
38
8.
commence¬
following statemeh:
bince
Steamship. At date. Jan. 1. Date. Steamship.
9.Rising Star $989,464 $989,464 July 22. Arizona....
22.Arizona
951 705
‘
I
1,941,170
July 25 San deCuba
July 29.H Chauncey
Aug 6.0c’ii Queen.
Aug^-G’diny Star.
Mar. 2.H.Chauncey.1,651,270 7,571,680
Aug 15.Rising Star.
Mar.ll.Rising Star. 476,147 8,047,827 Aug 22. Arizona....
Mar.22.Arizona ...1,168,719 9,216,606
Aug 29 Alaska
Feb. l.H. Chauncey1,298,584 8,239,7-* 3
Feb. 9.Rising Star.1,255,338 4,495,087
Feb.20.Arizona
.1,568,161 6,063,248
.
with
Sat.
s. d.
$225,-08 48
The arrivals of treasure
Apl. l.H. Chauncey 864,698
A pi. lO.Oc’n Queen.1,175,754
Apl. 22. Arizona.... 948,020
Apl. 28.H.Chauncey 466,909
May 6.0c’n Queen. 727,849
May 22. Arizona... 1,177,496
May 28.11. Chauncev 618.040
June 6.0ceanQeon 996,820
10,081,304
11,257,058
12,205,078
12,671,987
13,399,832
14,677,336
16,195,372
16,192,192
16,849,705
17,140,426
18,203,475
18,321,586
June 11.Rising Star 657.510
June 13.Guid’gStar 290.723
June 22.Arizona
.1,063,051
June 27.San deCuba 118,109
Jun e 29. H. Cha’ncey 807,071 19,128,668
July 5..0c’n Queen 849,372 19,978,028
July 15.Rising Star. 622,721 20,500,745
St pt. 5. Oc’n Queen.
Se,»t 8 Dakota
Sept. 12 G’ding Star
Sept.14 H.Chauncey
Sept. 20.Arizona...
Sept. 28.Alaska.../
Oct. 5.Oc’n Qneen.
Oct.15 H. Chauncey
Oct.22.Rising Star.
Oct. 29. Alaska
Nov. 6 Oc’n Queen.
Nov.l4.H< hauncey
Nov.22.Arizona....
Nov.80 Alaska
Dec. 8.RisiDg Star.
At date.
BInce
Jan. 1.
463,927 20,964,675
713,319
461,256
806,351
702,000
21,677,992
22,139,254
22,945,600
23,647,601
389.895 24,037,490
832,625 24,870,125
499,376 25;869,490
366,756 25,785,256
715,000 2'!,450,252
625,000 27,075,252
399,748 27,475.003
330,405 27,805,400
409,03'» 28,214,440
181,490 28,396,930
267,901 28,663,831
225,45-3 28,889,314
227i904 29;il7,2l8
68,438
656,^81
291,475
194,666
29,175,656
29,831,937
80,128,412
30,817,978
225,208 30,548,1*6
December 12,
formidable embarrassment in our foreign trade, would famil¬
people again with specie as the standard of value, and show how
groundless is the apprehension so generally existing, that a withdrawal of de¬
preciated notes or tho appreciation of those notes to par, would produce a
scarcity of money, by proving that specie, expelled from tho country by an
inferior circulating medium, will return again when it is made tho basis of
contracts, and is needed in their performance. Business is now necessarily
speculative because tho basis is unreliable. Currency, by reason of its uncer¬
tain future value, although usually plentiful in the cities, and readily ob¬
tained there at low rates on short time, with ample collaterals, is compara¬
tively scarce and dear in the agricultural districts, where longer loans on
would
Slipartment fUports.
REPORT OF THE SECRETARY OF THE
iarize
TREASURY.
Treasury Department,
December 1,1808.
of the Treasury
Ia compliance with the requirements of law, tho Secretary
has the honor to make to Congress tho following report:
In his former communications the Secretary has expressed so
views upon the great subjects of tho currency, tho revenues,
fully his
and the public
debt, that it maybe thought quite unnecessary for him again to press them
upon the attention of Congress. These subjects, however, have lost none of
their importance; on tho contrary, the public mind during tho x>ast year has
been turned to their consideration with more absorbing interest than
former period. The Secretary will, therefore, he trusts, be
stating some of the views heretofore presented by Mm.
If there is any question in finance or political economy
can
nounced settled by argument and trial, it is 1 hat inconvertible and
ciated paper money is injurious to public and private interests, a
at any
pardoned for re¬
bo pro¬
depre¬
positive
political and financial evil, for which there can be but one justification or ex¬
cuse, to wit: a temporary necessity arising from unexpected and pressing
emergency; and it follows, consequently, that such a circulation should only
which
be tolerated until, without a financial shock, it can be withdrawn or made
convertible into specie. If an irredeemable bank note circulation is no evi¬
bankrupt or badly managed banking institutions, which should bo
deprived of their franchises, or compelled to husband and make available their
resources in order that they may be prepared at the earliest day practicable to
take up their dishonored obligations, why should not an irredeemable Gov¬
ernment currency be regarded as an evidence of bad management of the national
finances, if not of national bankruptcy ? And why should not such wise and
equal revenue laws be enacted, and such economy in the use of the public
dence of
745
THE CHRONICLE
1868.]
remove a
our
commercial paper are
required.
Prudent
men
hesitate both to lend or to
borrow for any considerable period, by reason.of tlieir inability to determine
the value of the medium in which the loans are to be paid. \\rith currency
now worth seventy cents on the dollar,
and which within six months may
advance to eighty, or decline to sixty, is it strange that the flow is to the
business centres, where it can be loaned “ on call," leaviugthe interior with¬
out proper supplies, at reasonable rates, for moving tho crops and conducting
other legitimate business ? Is it strange that, in such an unsettled
of tho currency, gambling is activo
enterprise halts, trado stagnates,
and distrust and apprehension exist iu regard to the future ? It is not sup¬
wiiilo
condition
posed that such a measure as is recommended will cure the financial evils
which now afflict the country, but it will he a decided movement in the right
direction, and the Secretary indulges the hopo that it will receive the early
and favorable consideration of Congress.
Tho legal-tender acts wore war measures. By reference to the debates
upon tlieir passage, it will be perceived that, by all who advocated them,
they were expected to be temporary only. It was feared that irredeemable
Government notes, in tlie unfortunate condition of the country, could only
be saved from great depreciation by being made a legal tender—tlie great
sufficiently considered, that by possessing this character, their
depreciation would not 'be prevented, but merely disguised. Hence it was
declared that they should be “ lawful money and a legal tender in payment
moneys bo enforced, as will enable the Government either judiciously to fund,
of all debts, public or privato, within the United States, except duties on im¬
or promptly to redeem its broken promises?
Tho United States notes, al¬ ports and interest on the public debt.” They were issued in an emergency
though declared by law to be lawful money, are, nevertheless, a dishonored for which it then seemed that no other provision could he made. They were,
and disreputable currency.
The fact that they are a legal tender, possessing in fact, a forced loan, justified only by the condition of the country, and they
such attributes of money as tho statute can give them, adds nothing to their
wore so recognized by Congress and tho people.
By no member of Congress
real value, but makes them all the more dishonorable to the Government,
and by no public journal was tho issue of these notes as lawful money advocat¬
and subversive of good morals. The people are compelled to take as money
ed of any other ground than that of necessity; and the question arises, should
wliaf is not money; and becoming demoralized by its constantly changing they not now, or at an early day, bo divested of the character which was con¬
value, they are in danger of losing that sense of honor in their dealings with ferred upon them in a condition of the country so different from the pre¬
the Government and with each other which is necessary for the well-being of sent. Tho Secretary believes tliat they should, and he therefore recom¬
society. It is vain to expect on tho part of the people a faithful fulfilment of mends, in addition to the enactment by which contracts for tlie payment
their duties to tho Government as long as the Government is faithless to its
of coin can be enforced, that it be declared, that
after the first day
own obligations ; nor will those who uo not hesitate to defraud the public
of January, eighteen hundred and seventy, United /States notes shall cease
revenues long continue to ho scrupulous in their privato business.
Justifia¬ to be a legal tender inpayment of all private debts subsequently contracted; and
ble and necessary as the measure was then regarded, it is now apparent that
that after the first day of January, eighteen-hundred and seventy-one. they shall
an unfortunate step wastakenwben irredeemable promiseswere issued as law¬
cease to be a legal tender on any contract, or for any purpose whatever, except
ful money ; and especially when they were made a valid tender in payment of
Government dues, for which they are now receivable. The law should also
debts contracted when specie was the loyal as well as tho commercial stand¬
authorize tho conversion of these notes, at the pleasure of the holders, into
ard of value.
The legal-tender notes enabled debtors to pay their debts in a bonds, bearing such rate of interest as may be authorized by Congress on
currency largely inferior to that which was alone recognized as money at the
the debt into which the present outstanding bonds may be fundotl. The
time they were incurred, and thus tho validity, of contracts was virtually im¬
period for which they would continue to he a legal tender would he sufficientpaired. If all creditors had been compelled’ by law to. pay into the public to enable the people and the hanks to prepare for the contemplated change
treasury fiity per cent, or ten per cent., or, indeed, any portion of the and tho privilege of their conversion would save them from depreciation.
amounts received by them from their debtors, such a law would have been
What has been said by the Secretary in his previous reports on the pernicious
condemned as unequal and unjust; and yet the effect of it would have been
effects upon business and tlie public morals of inconvertible legal tender
to lessen, to tlie extent of the receipts from this source, the necessity for
notes, and what is said in this report upon tlio advantages which would resultother kinds of taxation, and thus to relieve in some measure the class unjust¬
from legalizing coin contracts, sustain this recommendation. It may not be
ly, because unequally taxed. By the legal-tender acts a portion of the prop¬ improper, however,-to suggest another reason for divesting these notes of
erty of one class of citizens was virtually confiscated for the benefit of anoth¬ their legal tender character by legislative action. Although the decisions of
er, without an increase thereby of tho public revenues, and consequently
the courts have beou generally favorable to tho constitutionality of the acts
without any compensation to the injured class. There cau be no doubt that
by which they were authorized, grave doubts are entertained by'many of the
these acts have tended to blunt ami deaden the public conscience, nor that
ablest lawyeis of the country as to the correctness of these decisions; and it
they are chargeable, in no small degree, with the demoralization which so is to be borne iu mind that they have not yet been sustained by the Supreme
generally prevails.
Court of the United States.
The economical objections to these notes as lawful money—stated at length
Tho illustrious lawyer and statesman, whose language upon the subject of
in previous reports of the Secretary—may be thus briefly restated. They in¬
irredeemable paper money lias been quoted, in tlie Senate of the United
crease immensely the cost of tlie war, anu they have added largely to tho ex¬
States, on the twenty-first day of December, eighteen hundred and thirtypenses of the Government since the restoration of peace; they have caused
six, expressed the following opinion:
instability in prices, unsteadiness in trade, and put a check upon judicious
Most unquestionably there is no legal tender in this country, under the
enterprises; they have driven specie from circulation and made it merchan¬ authority of this Government or any other, but gold and silver, either the
dise; they have sent to foreign countries the product of our mines, at the coinage of our own mints or foreign coins, at rates regulated by Congress.
same time'that our European debt has been steadily increasing, find has now
This is a constitutional principle, perfectly plain, and of the very highest
reached such magnitude as to boa heavy drain upon tho national resources,
importance. * The States are expressly prohibited from making anything hut
and a serious obstacle in t-iie way of a return to specie payments; they have
gold and silver a legal tender in payment of debts, and although no such
shaken the public credit by raising dangerous questions in regard to the pay¬
express prohibition is applied to Congress, yet, as Congress has no power
ment of the public debt; in connection with high taxes (to the necessity for
granted to it in this respect but to coin money and to regulate the value
which they have largely contributed) they are preventing shipbuilding, and
of foreign coins, it clearly has no power to substitute paper or anything
thereby the restoration of the commerce which was destroyed by the war; else for coin as a tender in payment of debts and iu discharge of contracts.
they are an excuse for (if indeed they do not necessitate) protective tariffs, Congress has exercised this power fully in both its branches.
It has
and yet fail, by tlieir fluctuating value, to protect the American manufacturer
coined money, and still coinsit; it has regulated the value of foreign coins,
against liis foreign competitor; they are filling the coffers of the rich, hut, by and still regulates their value. The legal tender, therefore, the constitutional
reason of the high prices which they create and sustain, they are almost in¬
standard of value, is established, aud canuot be overthrown. To overthrow
tolerable to persons of limited incomes. Tho language of one of the greatest it would shake the whole system.
men of modern times, so often, but not too often, quoted, is none too strong
It is by no moans certain that the Supromo Conrt will differ from Mr.
in its descriptions of the injustice and the evils of an inconvertible cur¬
Webster upon this question, and no one can fail to perceive how important
it is that tho. legislation recommended should precede a decision (from
rency :
Of all tlie contrivances for cheating the laboring classes of mankind, none
which there can be no appeal) that United States notes are not, under tho
has been more effectual than that which deludes them with paper money.
Federal Constitution, a legal tender.
The receii>ts from customs for the last three years have been as fol¬
Ordinary tyranny, oppression, excessive taxation—these bear lightly on the
happiness of tho mass of the community compared with a fraudulent cur¬ lows :
rency and the robberios committed by depreciated paper.
Our own history For the fiscal year ending Juno 39,ri8u0.
2
$179,046,^51 58
has recorded for our instruction enough, and more than enough, of the de¬
For the fiscal year ending Juno 30, 18*>T
17ti,417,810 88
moralizing tendency, the injustice, and tho intolerable oppression, on tho vir¬ For the fiscal year ending June 30, 1808
104,401,599 56
tuous and well disposed, of a degraded paper curroncy authorized or iu any
While it appears from theso figures that the customs receipts since tho
way countenanced by Governmeut.”
The experience of all nations that have tried tho experiment of inconverti¬
commencement of tho fiscal year 1805 have been, in a revenue point of view,
ble paper money lias proved the truth of the oloquent words of Mr. Webster.
entirely satisfactory, the question naturally arises, what do these large
If our country is in a measure prosperous with such au incubus upon it, it is
receipts, under a high tariff, indicate iu regard to our foreign trade and to
because it is so magnificent in extent, so diversified in climate, so rich in soil,
our financial relations with foreign nations.
so abundant in minerals, with a people so full of energy, that even a debased
It is impossible to ascertain with precision the amount of our securities
currency can only retard, but not put a stop to its progress.
held in Europe, uor is there any perfectly reliable data for ascertaining, even,
Tho Secretary still adheres to the opinion so frequently expressed by him,
wliat amount lias gone there annually since the first bonds were issued for tho
that a reduction of the paper circulation of tho country until it appreciated
of the
tho
to the specie standard was the true solution of our financial problem.
But as prosecutionUnited late war. In his report of 18C6, the Secretary estimated and
States securities oi different kinds, including railroad
amount of
this policy was emphatically condemned by Congress, and it is now too late to
other stocks, held in Europe, at $6#®,Clu,0%0.
He soon after became satisfied
return to it, bo recommends the following measures as tho next best calculated
that this estimate was too low, by from one hundred to one hundred and fifty
to effect the desired result.
millions. It would be safe to put the amount so held at the present time, ex¬
Agreements for the payment of coin seem to he the only ones, not contrary clusive of stocks, at eight hundred and fifty millions of dollars, of which not
to good morals, tho performance of which cannot bo enforced in the courts.
less than six hundred millions arc United States bonds, nearly all of which
Coin contracts” executed before the passage of the legal-tender acts, as well
have left the United States within the last six years. The amount is formi¬
as those executed since, are satisfied iu all the States except California, by the
dable, and little satisfaction is derived from tho consideration that these secu¬
payment of the amounts called for in depreciated notes. This, shackle upon rities have been transferred in payment of interest and for foreign commodi¬
commerce, this check upon our national progress, this restriction upon indi¬
ties; and just as little from the consideration that probably not over five
vidual rights, should no longer bo continued. If it be admitted that tho con¬
hundred millions of dollars in gold values have beeu received for these eight
dition of the country during the war, and tor a time after its close, created a
hundred and fifty millions of debt. In this estimate of our foreign indebted¬
necessity for laws and decisions making promissory notes (fluctuating in value
according to the result of battles and of speculative combinations) the medium ness, railroad and other stocks are not included, as they are not a debt, but tho
evidence merely of the ownership of property in tho United States. Fortu¬
in which contracts should be discharged, this necessity no longer exists. Steps
nately, for sonic years past individual credits have been curtailed, and our
should now be taken to give stability to business and security to enterprise ;
foreign aud domestic trade, in this particular, has not been unsatisfactory.
and to this end specific contracts to be executed in coin should at onco be legalized.
In addition, then, to the stocks referred to and the individual indebtedness,
Perhaps no law could bo passed which would be productive of better results of the amount of which no accurate estimate can behnade, Europe holds not
with so little private or public inconvenience. Such a law would simply en¬
less than eight hundred and fifty millions of American securities, on nearly
able the citizen to do what the Government is doing jin its receipts for cus¬
all of which interest, and on the greater part of which interest in gold, is betoms, aud in the payment of its bonded debt; it would merely authorize the in"
paid. Nor, under the present revenue systems, and with a depreciated
enforcement of contracts voluntarily entered into, according to their letter.
With
paper currency, is the increase of our foreign debt likely to be stayed.
The effect of such a law would be to check tho outflow or specie to other
an abundant harvest, and a large surplus of agricultural products of all de¬
countries, by creating a m easily for the use of it at home; to encourage en¬
terprises extending into tho future, by removing all uncertainty in regard to scriptions, United States bonds are still creating, to no small extent, the ex¬
the value of the currency with which they are to be carried on. Such a law change with wMch our foreign balances are being adjusted. Weirotvtn
fact not being
“
“
and
valuable, and they exhibited so clearly tho necessity for
further and more complete investigations, that by the act of July 13,
1806, the Secretary of the Treasury was authorized to appoint an
officer in his department, to be styled the special commissioner of
of sixty seventy millions of
gol d-bearing bonds.
1848 has
Allowing that
hun¬
increasing our debt to Europe at the rate
or
dollars per annum in the form of
The gold and silver product ot California and the Territories since
been upwards of thirteen hundred millions of dollars.
one
dred millions have been used in manufactures, and that the coin in the coun¬
try has been increased 1 o an equal amount, the balance
sum
-—eleven hundred millions—has gone to other countries in exchange for their
bow
whose duty it should he “ to inquire into all tho sources of national
and the best method of collecting the revenue; the relation of for
eign trade to domestic industry; the mutual adjustment of the systems o*
taxation by customs and excise, with a view of insuring the requisite reve
nne-with the least disturbance or inconvenience to the progress of industry
and tlie development of the resources of the country, etc. Under this act
Mr. David A. Wells was appointed special commissioner of the revenue.
revenue,
revenue,
of this immense
productions. Within a period of twenty years, in addition to our agricul¬
tural products, and to our manufactures, which
have been exported
in large quantities, we have parted with eleven hundred millions of dollars
of the precious metals, and are, nevertheless, confronted with a foreign debt
of some
[December 12,1868.
THE CHRONICLE.
746
eight hundred and fifty millions, which is
all this lias occurred under tariffs
With what energy and ability ho has undertaken the very difficult duties de¬
volved upon him iias been manifested by the reports which ho has already
submitted to Congress. That which accompanies, or will soon follow this
communication, will prove more fully than those which have preceded it have
done, the importance of tho investigations in which he is engaged, and tho
steadily increasing; and
in a great degree framed with the view of
protecting American against foreign manufacturers. But this is not all.
Wring the recent war, most of our vessels engaged in the foreign trade were
either destroyed by rebel cruisers or transferred to foreigners. Our exports,
chiefly in foreign bottoms. The carrying judicious labor which he is bestowing upon them. The facta which he preand Europe is almost literally in the hands sents. and tho recommendations based upon them, are entitled to the most
of Europeans.
Were it not for the remnant of ships still employed in the careful consideration of Congress. These'repoi ts of the Commissioner are so
China trade, and the stand we are making by the establishment of a line of complete that they relieve the Secretary from discussing elaborately the
questions of which they treat. His remarks, therefore, upon the internal
steamers on the Pacific, the coastwise trade, which is retained by the exclu¬
revenues and the tariff will he general and brief.
sion of foreign competition, would seem to be about all that can, under exist¬
The following is a statement of receipts from internal revenues for tho last
ing legislation, bo relied upon for the employment of American shipping.
three fiscal years:
There are many intelligent persons who entertain the opinion that the
$309,226,813 42
country has been benefit ted by the transfer of our bonds to Europe, on the For the year ending June 30, 1866
266,027,537 43
ground that capital has been received in exchange for them, which lias heen For the year ending June 30, 1867
profitably emidoyed in the development of our national resources; and that For the year ending June 30, 1868
191,087,589 41
it matters little whether the interest upon the debt is received by our own peo¬
It thus appears that the internal revenue receipts for tlie year ending June
ple of by the people of other countries. This opinion is the icsult of misap¬ 39, 1867, fell below the receipts for the year ending June 30,1866. $13,199,275 99,
prehension of facts, and is-unsound in principle. It is not to a large extent
true that capital, which is being used in developing the national resources,
has been received in exchange for the bonds which are lieldinEuropo. While
many articles, such as railroad iron, machinery, and raw materials, used in
manufacturing—the value of which to the country is acknowledged—have
year will ho $146,269,044.
been so received, a large proportion of the receipts have been of a different
This large reduction of internal revenue receipts is attributable both to
description. Our bonds have been largely paid for in articles for which no inefficient collections and to a reduction of taxes. It is quite obvious that
nation can afford to run in debt—for articles which have neither stimulated
the receipts from customs cannot he maintained without an increase of ex¬
industry nor increased the productive power of the country, which have in
ports or ot our foreign debt. If the receipts from cu toms should bo dimin¬
fact added nothing to the national wealth. A reference to the custom-house
ished. even with a large reduction of the expenses of the Government, our
entries will substantiate the correctness of these statements. Two-thirds .of
internal revenues must necessarily be increased. Tlie first thing to bo done
the importations of the United States consist oi articles which, in economical
is to introduce economy into all branches of the public service, not by re¬
times, would lie pronounced luxuries. The war and a rodundant currency duced
appropriations to bo made good by ‘‘deficiency bills,” but by putting a
have brought about unexampled extravagance, which can only be satisfied
stop to all unnecessary demands upon tlie Treasury. There is no department
by the most costly products of foreign countries. No exception could be of the Government which is conducted with proper economy. The habits
taken to such importations, if they were paid for in our own productions.
formed during tlie war are still strong,
only yield to the require¬
This, unfortunately, is not the fact. They are annually swelling our foreign ments of inexorable law. The average and will
expenses of the next ten years for the
debt, without increasing our ability to pay it. llow disastrous sucli a course civil service
ought not to exceed forty millions of dollars per annum. Those
of trade, if long continued, must be, it requires no spirit of prophecy to
of the War Department, after tho bounties are paid, should be brought down
predict.
to thirty-five millions of dollars, and those of tlie Navy to twenty millions.
Nor is it an unimportant matterthat the interest upon a large portion of our
The outlays for pensions and Indians cannot for some years bo considerably
securities is received by citizens of other countries instead of our own. If the
reduced, but they can doubtless bo brought within thirty millions. -Tho iuinterest upon a public debt is paid out where the taxes to provide for it arc
teiest on the public debt when the whole debt shall be funded, at an average
collected, the debt, although a burden upon the mass of tax-payers who are rate of-interest of five
per cent., will amount to one hundred and twentynot holders of securities, may be so managed as not to bo a severe burden
five millions, which will he reduced, with the annual reduction of the prin¬
upon the nation. The money which goes into the Treasury by means of taxes |
will flow out again into the same community in the payment of interest; and . cipal.
When the internal revenue and tariff laws shall ho revised so as to he made
were it not for the expenses attending it, the process would not, in a purely '
to harmonize with each other, it is supposed that three hundred millions can
economical view, be an exhausting one. If the bonds of the United States :
annually be realized from these sources, without burdensome taxation. How
•\yere equally distributed among the people of the different States, there would
much shall bo raised from each can be determined when tho whole subject of
he less complaint Of the debt than is now heard. Anti-tax parties will attain
revenue shall he thoroughly investigated by Congress, with the light shed
strength only in those States in which few bonds are held. If the people ol‘
upon it by Commissioner \Vells in his exhaustive report of the present year..
the West are more sensible of the burdens of Federal taxation than are those
The Secretary does not doubt, however, that the best interests of the country
of the Eastern States, it is because they are not holders to the same extent of
will be subserved by a reduction of the tariff and an increase of excise duties.
national securities. This inequality cannot, of course, be prevented by legal
According to this estimate, the account would stand as follows:
or artificial processes.
The securities will bo most largely held where capital
is the most abundant; ami they will bo more equally distributed among the
Receipts from customs and internal revenues
$300,000,000
respective States—if not among the people—as the nevr States approacn the
older ones in wealth.
Expenditures for the Civil service
$40,000,000
Expenditures liy the War Department
35.000,000
These manifest truths indicate how important it is that the debt of the
Expenditures by the Navy Department
20,000,000
United States should be a home debt, so that the money which is collected
for
Expenditures for pensions and Indians
30,000,000
taxes may be-paid to our own people in the way of interest.
In fact, a large
Expenditures for interest on the public debt
12a,000,000
national debt, to be tolerable, must of necessity be a home debt. A nation
that owes heavily must have its own people for'creditors. If it does not,
the
Total
$250,000,000
debt will be a dead weight upon its industry, and will
be quite likely to force
it eventually into bankruptcy. The United States are not
Leaving, as an excess of receipts, $59,009,000 to be applied to the.payment of
only able to pay
the interest on their debt, hut to set a good
example to other nations by stead¬ the principal of the debt. If tlie growth of the country should make an in¬
ily and rapidly reducing that debt. What is now required, as has teen al¬ crease of expenditures necessary, this increase will, by the same cause, be
ready intimated, are measures which will tend not only to prevent further ex provided lor by increased receipts under the same rate of taxation; and, as
portation ot our Donds, and in the regular course of trade to bring hack to the it is to be hoped that the regular increase of the revenues, without an increase
country those that have been exported, but which will also tend to restore of taxation, resulting from the advance of the country in wealth and popula¬
those important interests that are now
languishing, as the result ot the war tion, will be greater than the necessary increase of expenses, there will be aand adverse legislation. The first and most
important ol these measures are constantly increasing amount, in addition to that arising from a decrease ot
those which shall"bring about, without unnecessary delay, the restoration
of interest, (o ho annually applied to the payment ot' thouebt. If large addi¬
the specie standard.
The final difficulties under which the country u labor- tional expenditures sliouhl bo unavoidable, they should at once bo provided
ing may be traced directly to the issue and continuance in circulation ol irre¬ for by additional taxes. What is required, then, at the present time, is a pos¬
deemable promises as lawful
itive limitation of the annual outlays to three hundred millions of dollars,
money. The country will not be really and reliably prosperous until there is a return to specie payments. The question of including fifty millions to he applied to the payment of the principal of tho
a solvent, convertible
currency underlies^-nll other financial and economical
debt, ana such modifications of the revenue laws will secure this amount,
questions.
J,--x
without unwise restrictions upon commerce, and with tho least possible op¬
settled i:
pression and inconvenience to tlie tax-payers. In the foregoing estimates ov
financial
resources, miscellaneous receipts and receipts from sales of public lands are
successful
omitted. The miscellaneous receipts heretofore have been derived from sales
is debased, the w hole current ol its commercial life must
of gold and of property purchased by the War and Navy Departments during
bo disordered anil
irregular. The starting point in reformatory legislation must bo here. Our the' war, and no longer needed; On a return to specie payments, there will
debased currency must be retired or raised to the
be no premiums on coin, very little Government property will hereafter be
par of specie, or cease to he
he tore substantial
progress can lie made with other reforms.
sold, and under tlie homestead law, and with liberal donations of the public
Next in
importanee to the subject oi the currency is that of the revenue. domain, whichare likely to be made as heretofore, no considerable amount
Taxes are indispensable for the
can be expected from lands.
support of the Government, for the mainfen
Whatever may be received from these sources
ance ot the public credit and the
will doubtless be covered by miscellaneous expanses, of which no estimate
payment of the public debt. To tax heavily
not only without
impoverishing the people, but without checking enterprise can be made.
or
putting shackles upon industry, requires the most careful study, not only
The Act of March 31, 1868, exempting from taxes nearly .all the manufac¬
ol the resources of the
country and its relations with other nations, but also tures of the country other than distilled spirits, fermented liquors, and
Character of the peonie as affected by
tho nature of their institutions. tobacco, was sudden and unexpected. It not only deprived the Treasury of
While much way be learned
by the study of the revenue systems of European an immense revenue, but the reduction was so great as to leave an impres¬
perfected by years of experience and the employment sion on the public mind that it would bo only temporary, and that a tax in
of the highest talent, it must be obvious that
these systems must undergo very some degree equivalent to that which was removed would of necessity soon
fiftn/1 4-/a
be resorted to. It is, perhaps, for this reason that this measure lias tailed to
give relief to the public by a diminution of prices, and has benefited manu¬
facturers rather than consumers. The frequent and important changes which
not the popular prejudice, must
have
in the internal revenue laws, the ease with which exemptions
be’listenedtoin'theprc^arationofrevenue from been madehave been
Justice must, in some instances, j-iold to
taxation
obtained, and the suddenness with which tuxes
mate sources of levenue
may be unavailable because a resort to them miuht
have been greatly augmented or reduced, have constituted one of the
be odious to a
majority ol tax-payers. The people of the United States are greatest evils of the system. Sudden changes
revenue laws are not
enterprising and scll-reliant. Most of them are the “ architects of thrvr nwn only destructive of all business calculations, but in tlieexcite—not unreason¬
they
fortunes;” few the inheritors of wealth. Engaged in vadous enUunrS ably—a feeling of discontent and a sense of injustice among tho people, most
constantly varying results, and in sharp competition with each
unfavorable to an efficient collection of taxes. While it is admitted that, in
they submit reluctantly to inquisitions of tax-gatherers which miaht Either a iktiv and growing
noth/*
country like ours, modifications of tho taxes will be Ireobnoxious to people less
independent, and livfn
' ' '
- ” g - not bo
quently necessary, some definite policy should at once he inaugurated in re¬
gard to our internal revenues, the general principles of which should he
as well as our imports, are now
trade between the United States
•
.1
a
1
•
expedlon^irad roiSTterft®
regarded
-——,
i
ntrN )ui caref ul and judicious
•
,
observation and studv
“
™th
and tariff laws, which would
th». Ieaat -oppression and
wa»
and
arp
rnf^ PracGcal movement towards
Tho creation of this
a rov-
commisrioS
was
a careful examination of the business
th° adoPtion of a judicious revjudicious
this
commission
as
finally established.
-
✓
Assuming that the receipts from customs will ho reduced by a reduction
of duties, or hv the effects of a return to specie payments upon importations
yieffiThe largestref j C°Sftof
increase of taxes upon distilled spirits.
idea
inconvenience to the people that
created in 180.1.
?nue 8iStem. ^Th^-SVt^V
system01 The reports of
---
were
interesting
The
deriving tho bulk of the revenue from this article is a very
one; and even our unfortunate experience has only partially con¬
vinced tho public of its impossibility. Tue
exorbitant tax on
popular
spirits, intended, perhaps, not merely
couragement. to temperance,
Tate
as a revenue measure,
distilled
but as an en¬
proved to bo tho most demoralizing tax ever
December 12,
THE CHEONiCLE
1868.]
imposed by Congress, corrupting both the manufacturers and tie revenue
officers, aiid familiarizing the people with stupendous violations of the law.
The restoration of it, or any considerable increase of the present tax, would
lead to a repetition of the frauds which have brought the internal revenue
system into such utter disgrace.
Second. A restoration of the tax on manufacturers abolishod in March
last.
’
•
The objections to the restoration of this tax are, that it would indicate
vacillation on the part of Congress, and that this tax. principally on account
of numerous exemptions, was partial and unjust. It is also apparent that,
if restored, it would fail to be permanent by reason of the persistent and
united hostility of a class of citizens influential and powerful, and whose in¬
fluence and power are rapidly increasing.
Third. An increased and uniform tax on sales; and this the
Secretary
.
,
respectfully recommends.
Under tlie present law. wholesale and retail dealers in goods, wares, and
merchandise of foreign or domestic production, wholesale and retail dealers
in liquors, and dealers in tobacco, are subject to a similar but
unequal lax
This inequality should be removed, and a tax levied upon all
upon sales.
sales sufficient, with the revenues from other sources, to meet the wants of the
Government.
The reasons in favor of a tax upon sales are, that it could bo
levied generally throughout the country, and would not be liable to the im¬
putation of class legislation; that it would be so equally distributed as not
to bear so oppressively as other taxes upon individuals or sections; and that
no depression of one branch of
industry, w'hich did not injuriously affect the
business of the entire
country, could greatly lessen its productiveness.
As has been already stated, the receipts from customs for the flscal
year,
ending June 30,1660, were, $179,040,651 f>8; for tho year ending Juno 30, 1867,
$176,417,610 88; and for the last fiscal year, $164,404,590 50. These figures
show that the tariff has produced large revenues,
although it is in no just
sense a revenue tarilf.
In this respect it has exceeded the expectations of its
friends, if, indeed, it has not disappointed them. It has not checked importa¬
tions, and complaint is made that it has not given the anticipated protection
to homo manufactures—not because it was not
skillfully framed to this end,
but because an inflated currency—tho effect of which upon importations was
not fully comprehended—has, in a measure, defeated its object. It has
ad¬
vanced the prices of dutiable articles, and, by
adding to the cost of living,
has boon oppressive to consumers without being of decided benefit to those
industries in whoso interest it is regarded as having been prepared. In
his last report, tho Secretary recommended the extension of
specific
duties, but did not recommend a complete revision of tho tariff, on the
ground that this work could-- not be intelligently done as long as business
was subject to constant derangement
by an irredeemable cu rrency. The same
difficulty still exists, but as decided action upon the subject of the currency
ought not to bo longer postponed, the present may not be an unfavorable time
for a thorough examination of the tariff.
It is obvious that a revision of it
is required, not only to relieve it of incongruities and
obscurity, and to har¬
monize it with excise taxes and with our agricultural and commercial inter¬
ests, but also to adapt it to tho very decided change which must take place
in the business of the country upon tho restoration of the
specie standard.
Largo
revenues are now
derived from customs, because
a
redundant currency
produces extravagance, which stimulates importations. If the currency
were co ivortible, and business were regular and healt
hy, the tariff would be
severely protective, if not i;i many instances prohibitory. Indeed, of some
valuable articles it is prohibitory already.
There Will be in the future, as there have been in the past,
widely different
opiuious upon this long vexed and very important subject; but tho indi¬
cations are decided that the more enlightened sentiment of the
country de¬
mands
that the tariff shall hereafter be a tariff
for revenue* and
not for protection, and that the levenues to be dorived from it shall be no
larger than, in connection with those received from other sources, will be re¬
quired for the economical administration of the Government, the mainten¬
ance of the public faith, and tho
gradual extinguishment of the public debt.
While the country is not at present, and
may not be for many years to come,
prepared for the abrogation of all restrictions upon foreign commerce, it is
unquestionably prepared lor a revenue tariff'. The publicdebt is an incum¬
brance upon tho property of tho nation, and the
taxes, the necessity lor
which it creates, by whatever mode and from whatever sources
collected, are
at last a charge upon the
creased,
for
consumers.^ Taxes should not, therefore, be in¬
will the tax-payers permit them to bo permanently increased,
benefit of
section
any interest or
Fortunately, or un¬
nor
the
fortunately,
as
necessities
of
tho question may be regarded from different standpoints, tho
the Government will be such for
many years that
large revenues must bo derived from customs, so that a strict ly revenue
tariff must iucidently benefit our home manufactures.
According to the
estimate made by the Secretary, an annual revenueofthr.ee hundred millions
will bo required to meet the necessary demands
upon the Treasury, and for
a satisfactory reduction of tho public
debt. How much of this amount shall
bo derived from customs it will bo for
Congress to determine. In examining
this difficult question, the magnitude of our
foreign debt, and the necessity
not only of preventing its increase, but of
rapidly reducing it, must be kept
steadily in view. It may be necessary that a largo portion of our bonds now
held in Europe be taken up with bonds
bearing a lower rate of interest,
payable in some European city, in order that they may be less likely to be
returnod to the United States at unpropitious
times. Whether this is
accomplished or not, it is of the last importance that our tax laws, and
especially the tariff, should be so framed as to encourage exports and enlarge
our commerce with foreign nations, so that balances
may be in our favor,
and the interest, and in due time the
principal, of our foreign debt may be
paid by our surplus productions. Many of the investigations of theffevenue
Commissioner have been made with the view of
furnishing Congress with the
data necessary for a thorough examination and a wise determination of
this
most important.question, and it is fortunate that the subsidence
of political
excitement removes many of the difficulties heretofore in the
way of au im¬
partial consideration of it.
The public debt on the 1st day of
November, 1867, amounted to $2,491,504,450,
and consisted of tho following items:
Debt bearing coin interest
$1,778,110,991 80
Debt bearing currency interest
426,708.640 00
Matured debt not presented for
payment
18,237 538 83
Debt bearing no interest
402,385’,077 39
n
1.
Cash
in
the
Amount of debt less cash in the
On the first day of November,
sisted of the following items:
Debt bearing coin interest
Debt bearing currency interest
Matured debt not presented for
Debt
bearing
n
-T°JLalm*
the Treasury
.
Cash
$2,625,502,848
Treasury
no
interest
in
02
133,998,398 02
Treasury
$2,491,504,450 00
1868, it amounted to $2,527,129,552.82, arid con¬
$2,107,577,950 00
payment
114,519 000 CO
”
9 753 723 64
409;l5i,698
42
$2,041,002,572 80
113,873,019 24
747
after to be
provided for. Should there be henceforth no extraordinary ex¬
penditures, and no further donations of public moneys in the form of boun¬
ties or of additional subsidies to railroad companies—with
proper economy
in the administration of the General Government, and with
judicious amend¬
ments of the revonue laws, and proper enforcement thereof, the
public debt,
without oppressive taxation, can be rapidly diminished, and
easily extin¬
guished within tho period heretofore named by the Secretary.
The ability of the United States to maintain their integrity against insur¬
rection, as well as against a foreign enemy, can no longer bo doubted. The
question of their ability, under democratic institutions, to sustain a large
national debt is still to be decided.
That this question should be affirma¬
tively settled, it is, in the opinion of the Secretary, of tho highest importance
that the tax-paying voters should be encouraged by the fact that the debt is
in the progress ol rapid extinguishment, and is not to be a permanent burden
upon them and their posterity.
If it be understood that this debt is to be a
perpetual incumbrance upon the property and industry of the nation, it is
certainly to be feared that the collection of taxes necessary to pay the interest
upon it may require the exercise of power by the Central Government, incon¬
sistent with republicanism, and dangerous to the liberties of the people.
The
debt must bo paid. Direct repudiation is an impossibility; indirect repudia¬
tion, by further issues of legal-tender notes, would be madness. To insure
its payment without a change in the essential character of the Government
every year should witness a reduction of its amount and a diminution of its
burdens. The Secretary is confident that he expressed the sentiments of the
intelligent tax-payers of the country when he said in his report of 1865:
Tho debt is largo, but if kept at home, as it is desirable it should be, with
a judicious system of
taxation, it need not be oppressive. It is, however, a
debt. Whileit is capital to the holders of the securities, it is still a national
“
debt, and
an encumbrance upon the national estate. Neither its advantages
its burdens are or can be shared or borne equally by the people. Its
influences are anti-republican. It adds to the power of the Executive by
nor
increasing Federal patronage; it must be distasteful to the people, because
it fills the country with informers and tax-gatherers. It is dangerous to the
public virtue, becauso it involves the collection and disbursement of vast
sums of money, and renders rigid national economy almost impracticable.
It
is, in a word, a national burden, and the -work of removing it, no matter how
desirable it may be for individual investment, should not long be postponed.
“As all true men desire to leave to their heirs unincumbered estates, so
should it be tho ambition of the people of the United States to relieve their
descendants of this national mortgage.
We need not be anxious that future
generations shall share tho* burden with us. Ways are not at an end, and
posterity will liavo enough to do to take care of the debts of their own cre¬
ation.
“Tho
Secretary respectfully suggests that on this subject the expression of
Congress shomld* be decided and emphatic. It is of the greatest importance
in the management of a matter of so surpassing interest that the right
start should be made.
Nothing but revenue will sustain the national credit,
and nothing less than a fixed policy for the reduction of the public debt will
be likely to prevent its increase.”
And in his report of le67, when lie remarked:
“Old debts are hard debts to pay; the longer they are continued, the more
odious they become, If tho present generation should throw the burden of
this debt on the next, it will be quite likely to be handed down from one
generation to another, a perpetual, if not a constantly increasing burden
upon the people. Our country is full of enterprise and resources. The debt
will be lightened every year with great rapidity by the increase of wealth
and population. With a proper reduction in the expenses of the Govern¬
ment, with a revenue system adapted to the industry of the country, and not
oppressing it, the debt may be "paid before the expiration of the present
century. The wisdom of a policy which shall bring about such a result is
vindicated in advance by the history of nations whose people are burdened
with inherited debts, anu with no prospect of relief for themselves or their
posterity.”
In his last report, the Secretary referred to tho condition of the
Treasury
at the close of the war, and at some subsequent periods, alluding
especially to
tho emergency in the spring of 1865, arising from the very large requisitions
which were waiting for payment, and the still larger requisitions that wore
to be provided for to enable the War Department to pay arrearages due to
the army, and other expenses which had already been incurred in the sup¬
pression of the rebellion. In briefly reviewing the administration of the
Treasury, from April, 1805, he did not think it necessary to state how muck of
the large revenue receipts had been expended in tho payment of debts in¬
curred during tho war; and he w'ould not undertake to do it now, did not
misapprehension exist in tho public mind in regard to the expenditures of
tho Government since the conclusion of hostilities, prejudicial to both the
law-making and the law-executing branches of the Government.
The war was virtually closed in April, 1805. On the first day of that month
the public debt amounted, according to the books and accounts of the
depart¬
ment, to $2,306,955,077.34. On the first day of September following it amounted
to $2,757,069,571.43, having increased in four months $390,734,494.69. From
that period it continued to decline until November 1, 1807, whenit had fallen
to $2,491,504,450. On the first day of November last, it had risen to
$2,527,129,552.82. By this statement it appears that between the first day of
April, 1605,
and the first day of September of the same year, the debt increased $39
J,734,494.09, and that between the first day of September, 1865, and the first day of
November, 1808, it decreased $23u,500,618.01; and that on the last day men¬
tioned it was $100,174,475.48 larger than it was on the first day
of April, 1865.
Since then the Treasurer's receipts from all sources of revenue have been as
follows:
For April, May, and June, 1865...
For the year ending June “9, 1806
For the year ending June 39, 1807
For the year ending June 30, 1868
June 3U to November 1, 1808
$33,519,164 13
558,032,620
490,034,010
405,038,083
124,052,184
06
27
32
42
Total of receipts
$1,602,476,002 20
To which should be added the increase of the debt between
the first day of April, 1865, and the first day of November,
^1868
160,174,475 48
Total
$1,822,650,537 68
$1,822,650,537.08 was expended
in the payment ef the interest and of other demands upon the
Treasury in
three years and seven months, being an average annual expenditure of
§508,This exhibit shows that the average sum of
646,061.68.
If tbo statement of the public debt on the 1st day of April,
1865, had includ¬
ed all debts due at that time, and $1,822,650,537.68 had
really been expended in
payment of the interest on the public debt, and the current expenses of the Govermueuu between that day and the first day of November last, there would
have been
lie moneys
a
profligacy and a recklessness in the expenditures of the pub
discreditable to the Government and disheartening to tax
payers. Fortunately this is
other monthly statements
not the fact.
That statement (as is true of all
of the Treasury) exhibited only the adjusted
debt, according to the books of the Treasury, and did not, and could
Amount of debt less cash in the
Treasury
$2,527,129 552 82 not, include the large sums due to the soldiers of the great Union army
By a comparison of these statements it appears that the debt, between the (numbering at that time little less than a million of men) for “pay” and for
E8l?-ayna 018671 ant* the firat day of November, 1868, increased “bounties, or on claims of various kinds which must of necessity have been
$35,6~o,10^ 8-. Ot this increase, $24,152,000 is chargeable to the Pacific fail- unsettled. For the purpose of putting this matter right, the Secretary has
endeavored to ascertain from the War and Navy Departments how much of
roads, and $7,200,000 to the purchase of Russian America. Within
the same
their respective disbursements, since the close of the war, has been in
period there was paid for bounties $44,060,515, and at least
pay¬
inter¬ ment of dobts
$4,000,000 for
properly chargeable to the expenses of the war. The follow¬
im .on„c°lnPou?(1 and seven three-tenth notes, which had accrued prior to the
first of November, 1867. If these
extraordinary advances and payments had ing is the result of his inquiries:
*f°t ?oenr?na 4
6 rfceipts would have exceeded the expenditures $43 787,- By the War Department
$595,431,125 90
4P2 18.
Considering the heavy reduction of internal taxes made at the last By the Navy Department.
35,006,000 00
session ol Congress, and the
large expenditures which have attended the
It has been impossible to obtain an.exact statement of the amount of
military operations against the Indians on the frontier, and the maintenance such
debts
ot large forces at expensive
points in the Southern States, this statement of received to paid by the Navy Department, but sufficient information has been
justify the Secretary in estimating in round numbers at thirty-five
he amount of the debt cannot be
regarded an unsatisfactory one. The boun- millions, which is probably an under rather than over estimate. The ex¬
68
lf? expected, be entirely paid within the next three months, and penditures of the War Department have been furnished in
detaij, and arq
ery little interest, except that which accrues upon the funded
debt, is here¬ believed to be substantially correct.
.
.
.
December
THE CHRONICLE.
These fi Hires show that the money expended by the War and Navy De¬
partment'"between the first day of April, 1865, and the first day of Novem¬
on claims justly chargeable to the expenses of the war, amounted
ber
$631,451,125 30
To
which
sliouid
be added amount advanced to the
roads.
Amount
Pacific
42,194,000 00
7,200,000 00
paid lor Alaska
$079,825,125 00
Total
Deducting this sum from the amount of the revenues, $1.662,470,(62 20, and
the increase of the public debt—the remainder, $1,142,825,411 78. or an average of $318,928,021 89 per annum, is the amount actually ex¬
pended in the payment of current expenses :tbd interest.
It is thus shown that within a period of three years and seven months, tho
revenues or the receipts from all sources of revenue reached the enormous
sum of $1.002.496,062 20, and that $030,431,125 90 were paid on debts'which
were actually duo at the close of tho war, and for bounties which, like the
Adding the amount
pay of the army, were a part of the expenses of the war.
thus paid 1o the debt, as exhibited by the books of the Treasury on the first
day of April, 1^65. it appears that the debt of the United States at that
time was $2,907,386,293 24, and that the actual reduction has been $470,256,0.VJ 42; and but for the advances to tho Pacific roads, and tho amount paid
for Alaska, would have been $519,050,051) 42.
Nothing can better exhibit the groatness of the resources of this young na¬
tion thauthis statement, or show more clearly its ability to make “ short
work” of the extinguishment of the public debt. It will be borue in mind
that these immense revenues have been collected, while ono-.third part of the
country was in a state of great destitution, resulting from its terrible strug¬
gle to separate itself from the Union, with its political condition unsettled,
and its industry in a great degree paralyzed; and whilo, also, the other twothirds were slowly recovering lrom the drain upon their productive labor and
resources—a necessary accompaniment of a gigantic and protracted war.
Tho Secretary has noticed with deep regret indications of a growing senti¬
ment in Congress—notwithstanding the favorable exhibits which havo been
from time to time made of the debt-paying power of the country—in favor of
a postponement of the payment of any part of the principal of the debt until
the national resources shall be so increased as to make the payment of it more
easy. If this sentiment shall so prevail as to give direction to the action of
tlie Government he would feel that a very great error had been committed,
which could hardly fail to he a severe misfortune to tho country.
The people
of the United States will never be so willing to be taxed for the purpose of
reducing the debt As at tho present time! Now, the necessity for its crea¬
tion is better understood and appreciated than itcan bo at a future day. Now
it is regarded by a large majority of tax-payers as a part of tho great price
paid for the maintenance of the Government, and, therefore, a sacred debt.
The longer the reduction of it is postponed, the greater will be the dilliculties
in the way of accomplishing it, and the more intolerable will seem to be the
burden of taxation.
The Secretary, therefore, renews the recommendations
made in his first report, that a certain definite sum be annually applied to
the payment of the interest and the principal of the debt.
The amount
suggested was two hundred millions of dollars. As the debt is considerably
$160,174.4h">c4-',
The
standard ?
Secretary sees
12,1838.]
practicable method of doing this at an early
no
substituting*for them bonds, which being payable, principal and
day, but by
interest, in Europe, will be less likely to be returned when their return is
the least to be desired.
The holders of our securities in Europe are now sub
ject to great inconvenience, and not a little expense in collecting their cou¬
and it is supposed that five per cent., or, perhaps, four-aml-a-half per
bonds, payable in London or Frankfort, could he substituted for our
ceuts, without any other expense to the United States than the tri¬
fling commissions to the agents through whom the exchanges might be made.
The saving of interest to be thus effected would be no iuconsiderablo item ;
and the advantages of having our bonds in Europe placed in tho hands of ac
pons;
cent,
six per
important to be disregarded.’
tual investors is too
point than that careful
The Secretary has nothing further to say on this
reflection has only strengthened his convictions of tho correctness of the.
views expressed iu the foregoing extract.
In recommending the issue of bonds hearing a lower rate of interest, to
be exchanged for the outstanding six per cents, the Secretary must not bo
understood as having changed his opinion in regard to the expediency or tho
wisdom of the recommendation in his last report:
‘
That the act of March 3,1805, he so amended as to authorize the Secretary
of the Treasury to issue six per cent, gold-bearing bonds, to be known as tho
consolidated debt of the United Stales, having twenty years to run, and
redeemable, if it may be thought advisable, at an earlier day, to be exchanged
one-sixth part of
semi-annual pay¬
ment, shall be reserved by the Government, and paid over to the States
according to population.”
at par for any and all other obligations of the Government,
The interest on which, in lieu of all other taxes, at each
He refers to what he then said in advocacy of that recommendation, as an
expression of his well-considered opinions at the present time, and he is only
prevented from repeating the recommendation by the fact, that it mot with
little approval at the last session, and has not grown into favor since, lie
sincerely hopes that the future history of the debt will vindicate the wisdom
of those who are unable to approve the proposition.
The following is a statement of the public debt of the 1st of July, 808:
DEBT BEARING
5
G
6
6
COIN INTEREST.
bonds
bouds of 1867 and 1806
bonds, 1881
5-20 -bonds
Navy pension fuud
per cent
per cent
per cent'
per cent
$221,588,400 00
6,893,441 8)
.
263,677,2 /0 00
1,557,844,600 I 0
12,009,000 90
$2,083,003,641 89
DEBT BEARING CURRENCY INTEREST.
.
smaller than its maximum
was
estimated at, the amount to be so applied
annually might now safely he; fixed at one hundred and seventy-five millions
of dollars, according to the estimate already made in this report.
The subject of the currency iu which the" five-twenty bonds may be paid—
agitated lor some time past—was freely discussed during the recent political
canvass, and made a question upon which parties, to some extent, were
divided. The premature and unfortunate agitation and discussion of this
question have been damaging to tin* credit of the Government, both at home
and abroad, by exciting apprehensions that the good faith of the nation
might not be maintained, and have thus prevented our bonds from advancing
in price, as they otherwise would havo advanced, after it was perceived that
the maximum of the debt had been reached, and havo rendered funding
at a low rate of interest too unpromising to be undertaken.
Iu liis report in
1805, the Secretary need the following language :
Before concluding his remarks upon the national debt, tho Secretary
would suggest that tlie credit of the five-twenty bonds issued under the acts
of February 25, 1802, and Juno 39, 1804, would be improved iu Europe, and,
consequently, their market value advanced at home, if Congress should de¬
clare that the principal as well as the interest of these bonds is to be paid in
coiu. The policy of the Government in regard to its funded debt is well
understood in the United States, but tho abseuce of a provision in these acts
that tlie principal of tho bonds issued under them should be paid in coin,
while such a provision is contained in the act under which the ten-forties
were issued, lias created some apprehension in Europe that the five-twenty
bonds might be called in at the expiration of five years, and paid in United
States notes. Although it is uot desirable that our securites should be held
out of tlie United States, it is desirable that they should be of good credit iu
foreign markets, ou account of the influence which these markets exert upon
It is, therefore, impoitant that all misapprehensions on these
our own.
points should be removed by au explicit declaration of Congress that these
bonds are to be paid in coin!”
“
Without
intending to criticise the inaction of Congress in regard to a
matter of so great importance, the Secretary does not hesitate to say that,
if his recommendations had been adopted, the public debt would have been
much less than it is, aud that the reduction of 1 ie rate of interest would ere
this have been in rapid
does not think it necessary
progress.
to discuss the question m this report.
His opinions upon it are well known
to Cougress and the people. They were definitely presented in his report for
The Secretary
1867, aud they remain unchanged.
has
He begs leave merely to suggest,
as
he
substantially done before, that alleviation of the burden of tho public
debt is to bo obtained—uot in
decrial of the national credit; not in
threats
of repudiation; notin a further issue of irredeemable notes; not in argu¬
ments addressed to the fears of the bondholders; but in a clear and explicit
dec laration by Congress that the national faith, in letter and spirit, shall he
inviolably maintained ; that the bonds of the United States, intended to be
negotiated abroad, as well as at home, are to be paid—when the time of pay¬
ment arrives—in that currency which is aloue recognized as money in the
dealings of nation with nation. Let Congress say this promptly, and there
a
be but little doubt that the credit of the Government will so advance
that within the next two years the interest on the larger portion of the debt
can be reduced to a satisfactory rate.
He, therefore, earnestly recommends
that it be declared, without delay, by joint resolution, that the principal of
all bonds of the United States is to be paid in coin.
It is also recommended that the Secretary he authorized to issue $500,000,0(0
of bonds. $59,U0u.00u of which shall mature annually; the first $50,000,000 to
be payable, principal and interest, in lawful money—the principal and inter¬
est of the rest in coiu ; and also such further amount of bonds as may be
can
take up the outstanding six per cents and the non-interest bear¬
ing debt, payable in coin thirty days after date, and redeemable at any time
after ten years at the pleasure of the Government—the interest to be paid
semi-annually in coin, and iu no case to exceed the rate of five per cent.; pro¬
vided that the Secretary may, in his discretion, make the principal and inter¬
est of $5>hi,0(jo,0i (J of these bouds payable at such city or cities iu Europe as
necessary to
he may deem best.
The fact that, according to the recommendation, $59,000,000 of the bonds to
be issued are to become due each
year for ten consecutive years (at tho expira¬
tion of which time all of the bonds would be under the control of the Govern¬
ment) would
impart
ensure an
annual reduction of $50,00o,0oo of the public debt, and
credit to the other bonds which would ensure the negotiation of them
on favorable terms.
Of the expediency of an issue of bonds corresponding, to some extent, in
amount with those held in Europe—the interest and principal of which shall
be paid in the countries where they are to be negotiated—there can be but
little doubt. On this point, the. Secretary used the following language in his
a
report of I860:
“
The question now to be considered is not how shall our bonds be prevent¬
ed from going abroad—for a large amount has already gone, and others will
follow as long as our credit is good, and we continue to buy more than we
pay for in any other way—out how.shall
thrown upon the home market, to thwart our
can
they be prevented from being
efforts in restoring the specie
6 per
cent bouds
3-year compound interest notes
3-year 7-30 notes
3 per cent certificates
-
$29,089,000 < 0
21,604,890 00
25,554.990 ( 0
59,009,9(10 90
120.226,799 99
MATURED DEBT NOT PRESENTED FOR TAYMENT.
3-year 7-30 notes, dne August 15, 1807, and
June 15, and July 15, 1608
Compound interest notes, matured Jung. 10,
July 15, August 15, October 15, and December 15, 1.897, and May 15, 1808
Bonds, Texas indemnity
Treasury notes acts July 17, lfc61, and prior
.
thereto....
$12,182,730 09
-6,556,920 00
25(5,090' 00
Bonds, April 15, 1842
Treasury notes, March 3, 1663
155,111 64
6,990 09
5.75,492 09
Temporary loan
707,‘029 90
Certificates of indebtedness
18,990 09
20,527,302
C4
406,447,314
7;>
DEBT BEARING NO INTEREST.
United States notes
$356,141,723 00
Fractional Currency
Gold certificates of deposit
32.026.951 75
17,078,640 99
$2,630,207,049 19
Total debt
Amount in Treasury, coin—
Amount in Treasury, currency
$100,5: 0,501 28
30,505.979 97
131,066,532 25
Amount of
The
debt, less cash in Treasury
following is
a
year ending June 30, 1868:
Receipts from
Receipts from
Receipts from
Receipts from
$2,505,290,510 94
-
statement of receipts and expenditures for tlie fiscal
customs
lands
direct tax
internal revenue
Receipts from miscellaneous sources (of which
164.464,509
1,318,715
1,788,145
191,987,589
60
41
85
41
amount there was received for premium on
bonds sold to redeem Treasury notes, the
sum
’
of $7,978,293 42)
40,949,033 09
Total receipts,
exclusive of loans
Expenditures for the civil service (of which
amount there was paid for premium on pur¬
chase of Treasury notes prior to maturity,
$7,091,151 004)
Expenditures for pensions and Indians
Expenditures by War Department...
Expenditures by Navy Department
Expenditures for interest on the public debt..
$405,038,083 32
$09,011,018 71
27,883,009
123,240,048
25,775,592
140,424,045
10
02
72
71
Total
of
expenditures, exclusive of principal
public debt
The following
is
a
$377,340,284 80
statement of receipts and expenditures for the quarter
ending September 30, 1808:
The
The
The
The
$49,670,594 67
receipts from customs
receipts from lands
-.
receipts from direct tax
receipts from internal revenue
receipts from miscellaneous sources (of
The
which amount there was received from pre¬
mium on bonds sold to redeem Treasury
notes the sum of $587,725 12)
.
Total receipts, exclusive of loans
Expenditures for the civil service (of which
amount there was paid, as premium on pur¬
chase of Treasury notes prior to maturity,
$300,000)
714,895 93
15,536 02
38,735,803 08
6,249,979 97
$95,392,808 77
$21,227,106 33
Expenditures for—
Pensions and Indians
"War Department
...
Navy Department
Interest on public debt
Total expenditures,
of public debt
12,358,647 70
27,219,117 02
5,694,785 33
38,742,814 37
exclusive of principal
$105,152,470 75
expendi¬
The Secretary estimates that, under existing laws, the receipts and
tures for the three quarters ending June 30,1869, will be as follows:
From Customs
$125,900,000 00
Lands
Internal
revenue
Miscellaneous
Receipts
sources
1,090,090 90
100,000,000 00
20,000,000 00
$246,000,000 00
December
And that the
THE CHRONICLE.
12,1868.]
expenditures for the same period, if there he no reduction
the army, will be:
For the civil service
Pensions and Indians
War Department, including
’
bounties
:
on
public debt
$40,000,0( 0 00
18,000,000 CO
$0,000,000
-
Navy Department
Interest
of
l
00,000,000 00
10,000,000 00
91,000,000 00
$231,000,000 00
year ending
Expenditures
Tho receipts and expenditures under existing laws for the fiscal
June 30, 1810, are estimated as follows:
From Customs
$160,000,000 00
140,000,000 00
Internal revenue
Lands
2,000,000 00
Miscellaneous sources
23,000,000 00
"the
Receipts
$327,000,000 00
expenditures for the same period, if tho expenses of tho army shouldbe
kept up to about tho present average, will be as follows:
For the civil service
$50,000,000 00
30,000,000 00
75,000,000 00
20.000,000 00
128,000,000 00
Navy Department.
Interest on public debt
$3(3,000,000 00
tho Commissioner of Internal Revonue gives
regard to tho bureau, and contaius many very
judicious recommendations and suggestions, which are worthy the careful
Expenditures....
Tho accompanying report of
the necessary information in
consideration of Congress.
The internal branch of the revenue service is the one in which tho people
feel tho deepest interest. The customs duties are collected at a few points,
and although paid eventually by the consumers, they are felt only by the
great
mass
of the people in tho increased cost of the articles consumed.
Not
with the internal taxes. These are collected in every part of tho Union ;
and their burdens fall, to a large extent, directly upon tho tax-payers. As¬
sessors, collectors, inspectors, detectives — necessary instruments iu the
collection of the revenues—are found in every part of the country. There is
so
village or rural district wlioro tlieir faces are not seen, and where collec¬
tions'are not made. The eyes of tho whole people are therefore directed to
this system, and it is
greatest importance that its administration
should be such as to entitle it to public respect. Unfortunately this is not
the case. Its demoralization is admitted ; and the question arises, whore is
the remedy ( The Secretary i3 of opinion that it is to be found in such
amendments to the net as will equalize the burdens of taxation, and in an
elevation of tho standard of qualification for revenue ofiices.
no
of'the
Upon the subject of internal taxes the Secretary has already spoken. In
regard to the character of the revenue officers, he has only to say that there
must bo a decided change for the better in this respect, if the system is to
bo rescued from its demoralized condition.
After careful reflection the
Secretary has come to tho conclusion that this change would follow the
tetrenchment bill
iiassage of tlio and
Reform,
reported by tho Jenckes,May last,Joint Commit-toe on
Mr. l ltli of from tho entitled ** A bill to
on
regulate the civil service and promote the efficiency thereof.” Tho Secretary
gives to this bill his hearty approval, and refers to tho so arc 4 which was
mado upon its introduction, by the gentleman who reported it, for an able
and lucid
exposition of its provisions, and for a truthful and graphic
description of the evils of tho present system
of appointments to office.
quarterly reports,
On the 5th day of October last, tho day for their regular
the number of national banks was sixteen hundred and
teen of which were in voluntary liquidation.
Their capital was.
Their discounts
Their circulation
Their deposits
forty-four, seven¬
$423,634,511 00
.....
.".
055,s75,277 35
295,684,244 00
631,830,278 40
other country was so largo a capital ever invested in banking, under
a single system, as is now invested in the national banks ; never before were
the interests of a people so interwoven with a system of banking as are the
interests of tho people of the United States witli their national banking sys¬
tem.
It is not sfr".ngo, therefore, that the condition and management of tho
national banks should be, to them and to their representatives, a matter of
the deepest concern,
That the national banking system is a perfect one is
not asserted by its friends ; that it is a very decided improvement, as far as
circulation is re.srdeJ,
>n the systems which it lias superseded, must he
In
no
admitted by its vV>pouents. I’o fore it was established, tho several States,
whether in conformity with tiie Constitution or not—-jointly with the General
Government, during the existence of the charter of the U.S. Bank, and solely
after the expiration of‘that charter—exercised the power of issuing bills of
credit, in the form of bank notes, through institutions of their own creation,
and thus controlled tlio paper money, and thereby, ifi no small degree, the
business and commorco of the country. In May, 1863, when the National
Currency Bureau was established in Washington, some fifteen hundred
banks, organized under State laws, furnished the people of the United States
with a bank-note currency. In some of the States the banks were compelled
protect, partially at least, the holders of their notes against loss, by
deposits of securities with the proper authorities. In other States, the capi¬
tal of tho banks (that capital being wholly under the control of their mana¬
to
gers) was the only security for
the redemption of their notes. In some States
limit to the amount of notes that might he issued, if secured
according to the requirements of their statutes, nor any necessary relation of
there
was
no
capital. In others, while notes could he issued only in certain
proportions to capital, there was no restriction upon tho number of banks
that might be organized. The notes of a few banks, being payable or re¬
deemable at commercial centres, were current in most of tne States, while
the notes of other banks (perhaps just as solvent) were uncurrent beyond
the limits of the States by whose authority they were issued.
How value¬
less were the notes of many of the State hanks is still keenly remembered by
the thousands who suffered by their insolvency. The direct losses sustained
by the people by an unsecured bank-note circulation, and the indirect losses
circulation to
to the country
resulting from deranged exchanges, caused by a local curren¬
cy constantly subject to the manipulations of money-changers, and from the
utter unsuitableness of such a currency to the ciroumstances of the country,
can be counted by millions.
It is only necessary to compare the circulation
of the State banks with that furnished by the national banks, to vindicate
the superiority of the present system. Under the national banking system,
the Government, which authorizes the issue of bank notes, and compels the
people to receive them as money, assumes its just responsibility, and guaran¬
tees their payment.
This is tne feature which especially distinguishes it
from others, and gives to it its greatest value.
The object of tho Secretary, however, in referring to the national banks, is
not to extol them, but to call the attention of Congress to the accompanying
instructive report of the Comptroller of the Currency ^ especially to that part
of it which exhibits the condition and management of the banks in the com¬
mercial metropolis, and to the amendments proposed by him to the act.
On the fifth day of October last, the loans or discounts of the banks in the
City of New York amounted to $163,634070 23 only $90,000,000 of which con¬
sisted of commercial paper, the balance, being chiefly made up of what are
known as loans on call—that is to say, of loans on collaterals, subject to be
called in at the pleasure of the banks. Merchants or manufacturers cannot,
of course, borrow on such terms, and it is understood that these loans are
confined mainly to persons dealing, or rather speculating, in stocks or coin.
This statement shows to what extent the business of the oanks in New York
has been diverted from legitimate channels, and how deeply involved the
banks have become in the uncertain and dangerous speculations of the
street.
The
depositors, and constituted a part of the $226,645,655 80 of
deposits, although the banks always deduct such checks from their deposits
in making up their statement for the payment of interest, and their
estimates for reserves. It is understood to be the practico of a number of
the banks (perhaps tho practice exists to a limited extent.in all) to certify
the checks of their customers in advance of the deposits out of which they
are expected to be paid; in other words, to certify checks to be good, under
an agreement between the banks and the drawers, that tho money to protect
them shall be deposited during the day, or at least before the checks, which
go through the clearing-house, can be presented for payment.
The Secre¬
tary has learned with great surprise that a number of banks—generally re¬
garded as being under judicious management—certify in a single day tho
checks of stock and gold brokers to many times tho amount of their capitals,
to the credit of
with no money actually on deposit for
protection of the checks at tho
time of their certification. A more dangerous practice, or one more incon¬
sistent with prudent, not to say honest banking, cannot bo conceived.
It is
Tho
Pensions and Indians
War Department....
749
deposits of these institutions on the day mentioned amounted to
$226,645,655 89, and of their assets, $113,332,688 20, consisted of certain caffi
items which were in fact mainly certified cheeks, which had been passed
unauthorized by the act, and should he prohibited by severe penalties.
Aside from tho risk incurred by this rockless method of banking, the effect
of such
practice is to foster speculation by creating inflation. It is in fact
part and parcel of that fictitious credit which is so injurious to tho regular
business of tho city, and to the business of all parts of the country,
feel and are affected by tho pulsations of the commercial centre. It
which
is this
very dangerous practico, combined with the more general practico of making
loans “oil call,” whichleads to unsafe extensions oferedits, and makes many
of the hanks in New York helpless when the money market is stringent. Cart
anything be moro discreditable to tho banks of the great emporium of the
country, or afford moro conclusive evidence of their imprudent management,
than tho fact, that with a capital—including their surplus and their undi¬
vided profits—of one hundred millions of dollars, the withdrawal from cir¬
culation of ten or fifteen millions of legal-tender notes, by coxnhinations lor
speculative purposes, can create a money stringency, by which not only the
stock market is broken down, but tho entiro business of the city and to some
extent the business of the country is injuriously affected. If tho hanks were
no moro extended than they ought to be, or had proper control over their
customers, no such combinations would bo likely to be formed, or if formed,
they would utterly fail of their object.
These remarks (lo not, of course, apply to all the banks in New York, for
some of them arc strictly commercial institutions.and are under tho control
of men who are distinguished alike for their talents and their conservatism.
They are, howevor, applicable to them as a class, and they undoubtedly apply
in some measure to many banks in other cities.
The recommendation of the Comptroller, that all national banks be pro¬
hibited by law from certifying checks which are not drawn upon deposits
actually existing at tho timo tho checks are certified to bo good, is heartily
concurred in.
The Secretary has long entertained the opinion that the practice of paying
intorost on deposits—tending, as it does, to keep the hanks constantly ex¬
tended in their discounts—is injudicious and unsafe
no therefore approves
of tho recommendation of the Comptroller, that national banks bo prohibited
from paying interest on bank or individual balances.
Tho Secretary also
agrees with the
that authority be given to him to call upon the hanks for reports ou days to
bo fixed by himself. If a reserve is necessary, it should be kept constantly
Comptroller in his recommendation
hand, and the business of tho country ought not to be disturbed by tbo
preparation of tho banks for the quarterly reports.
The views of tho Secretary in regard to tlio necessity of a central redeem¬
ing agency for the national banks havo been frequently presented, aud it is
not necessary for him to repeat them.
There are other suggestions in the Comptroller’s report deserving the at¬
tention of Congress, which the Secretary lacks the time to consider. There
is ouo subject, liowever, not discussed by tho Comptroller, to which tho Sec¬
retary invites special attention.
Although tho national banking system should be relieved from tho limita¬
tion now imposed upon the aggregate amount of notes that may bo issued, this
cannot safely be dono as loim as tho suspension of specie payments continues.
Nevertheless, measures should at once be adopted to remedy, as far as practi¬
cable, tbo inequality which exists in the distribution of the circulation. As
on
the Government has, bv the tax upon tho notes of State hanks,
States of the power of furnishing facilities to their citizens, it
just that those States, which are thus deprived of
do not share
deprived the
is obviously
these facilities,
or
which
equally with other States in tho benefits of tho national banking
system, should bo supplied with both banks and notes.
There aro two modes
by which this may be accomplished. One by reducing the circulation of the
banks of largo capital only; the other by limiting tho amount of notes to be
furnished to all tho Ixmhs—say, to seventy per cent, of their respective capi¬
tals. The latter mode is preferable, as by it no discrimination would be
mado between the banks, and all would be strengthened by a reduction
of their liabilities, and by a release of a part of their means now de¬
posited with the Treasurer, which would he of material service to them in the
preparation they must make for a return to specio payments. If a redeeming
agency should be established, the reduction of the circulation of the existing
banks could be effected as rapidly as new banks can be organized in the West¬
ern aud Southern States, where they are needed.
The new Territory of Alaska has"been the object of much attention during
the past year, but its distance, and the uncertainty and infrequency of com¬
munication with it, and our imperfect knowledge of its condition, have some
what embarrassed the department in organizing therein a satisfactory reve¬
nue system.
Under the authority of the act of the last session, the administration, by
special agency (which in the absence of the regular machinery was of ncces
sity resorted to) has boon superseded by the appointment of a collector to re¬
side at Sitka, who left for his post in September last, and has probably, ero
this, entered upon the discharge of his duties.
A gentleman from this department accompanied him, to assist in establish¬
ing tho collection service on a proper foundation, and in perfecting arrange
ments for the prevention of smuggling.
Recognizing also the vast importance of reliablo information on matters
not immediately connected with these objects, hut having nevertheless a
most important bearing upon them, more or less direct, another agent, long
familiar with that oountry, was, at the same time, dispatched with directions
to apply himself to the ascertainment of its natural resources, the induce¬
ments and probable channels of trade, and the needs of commerce in the way
of lights and other aids to navigation. He was also particularly entrusted
with a supervision of the fur interests and tho enforcement of tho law pro¬
hibiting the killing of the most valuable fur-bearing animals.
The existence of coal at numerous points has been known for years, and
some of the beds were worked by the Russians with indifferent success;
none, however, has been hitherto procured on the North American Pacific
coast equal to that from the Nanaimo mines, on Vancouver’s Island ; and
this, though raised from a considerable depth, is not of superior quality.
The officers of the cutters were therefore instructed to explore the coast as
far as practicable, for the purpose of ascertaining the supply and the quality
of coal in the Territory. A number of localities producing coal were visited,
including the abandoned Russian mines, hut at none did the outcroppings
exhibit any flattering promise, except on the coast of Cook’s inlet. There,
near Fort Kenay, about seven hundred miles from Sitka, were found upon
the cliffs numerous parallel veins extending many miles along the shore.
Some of the coal taken from them proved to be superior to that from the Na¬
naimo mines. The indications are that the supply is abundant and tho qual¬
ity fair.
The protection of the fur-bearing animals is a matter of importance hardly
to be overrated. In consequence of information received last spring, the cap¬
tain of the Wayanda was directed to visit, as early in the season as practica¬
ble, the islands in Behring’s Sea, where the fur seal chiefly abounds. On his
arrival at St. Paul’s ana St. George’s Islands, he found there several large
parties engaged in hunting the animals indiscriminately, and in traffic with
the natives in ardent spirits and other forbidden articles. Quarrels had
arisen, and the natives complained that the reckless and unskilful move¬
ments of the new hunters had already driven the animals from some of their
usual haunts. Tho captain of the cutter instituted such measures as he felt
authorized to institute for the maintenance of the peace, and the protectioi*
of the animals from indiscriminate
slaughter,
750
THE CHRONICLE.
Ths preservation of
these animals, by tbo observance of strict regulations
in hunting them, is not only a matter of the highest importance in an
economical view, but a matter of life or death to the natives. Hitherto, seals
have been hunted under the supervision of the Russian Company, and exclu¬
sively by the natives, who are trained from children to that occupation, and
derive from it their clothing and subsistence. They have been governed
by
exact and stringent rules as to the time of hunting, and the number and kind
of seals to be taken. It is recommended that these rules bo continued
by
legal enactment, and that the existing law prohibiting absolutely the killing
of the fur seal aud sea otter be repealed, as starvation of the people would re¬
sult from its strict enforcement. The natives (with the exception of the
Indians in the southern part of the territory, who are fierce and
warlike) aie
a gentle,
harmless race, easy to govern, but of great enterprise and daring in
the pursuit of game—many of them passing annually in their skin canoes
from the mainland aud Aleutian Islands to the Islands of St. Paul and St.
George, a distance of about one hundred and fifty miles, through a strong
sea. and returning with the proceeds of their hunt!
The seals aim extremely timid and cautious.
They approach their accus¬
tomed grounds each year with the greatest circumspection, sending advance
parties to reconnoitre, and at once forsaking places where they are alarmed by
unusual or unweloome visitors. They have been in this
way driven from
point to point, and have taken refuge in these remote islands, whence, if they
driven, they must resort to the Asiatic coast. There can be no doubt
that, without proper regulations for hunting these valuable animals, and tho
more valuable but less numerous sea
otters, a very profitable trade will soon
be entirely destroyed.
are now
The United States cannot, of course, administer such a trade as a Govern¬
monopoly, and the only alternative seems to be to grant the exclusive
privilege of taking these animals to a responsible company for a series of
years, limiting the number of skins to be taken annually by stringent pro¬
visions. A royalty or tax might be
imposed upon each skin taken, and a
revenue be thus secured sufficient to
pay a large part of the expenses of the
ment
Territory.
Our relations with tho Hudson Bay
Company
transit of merchandise between their interior
and the regulation of the
trading posts and the sea-coast,
by way of Stikino river, will doubtless require early attention, but at present
the Secretary is not sufficiently advised to offer
any recommendations upon
the subject.
The recent political changes in Spain, and the indications of
a more liberal
commercial policy on her part before the revolution took
place, adds force to
the remarks and recommendation of the
Secretary in his last report, in regard
to our commercial relations with that
country, lie again strongly recom¬
mends the repeal of the acts of July
13,- 1832, and June 30, 1834, so that
Spanish vessels may be subject to our general laws, which are ample to
afford protection against unfriendly Spanish
legislation, and are freo from the
innumerable difficulties of administration which exist under
these -special
enactments.
The Secretary asks attention to the
necessity of more exact and stringent
laws respecting the carriage of
passengers, and also of such legislation as
shall settle, so far as they can be settled in this
manner, some of the vexed
questions arising under steamboat laws.
It is necessary merely to repeat what has been at
other times stated in re¬
gard to the insufficiency of the tax fund to meet the necessary expenses of
the marine hospitals,
notwithstanding the economy which, during the past
year, has reduced tho expenditures more than $12,000. «It is
impossible to
ignore the fact that these hospitals are, aud must bo, unless the rate of tax is
greatly increased, a constant drain upon the Treasury.
The
revenue cutter service now
comprises twenty-live steamers and seven¬
sailing vessels. Of tho six steamers on the lakes, all but one are at
present, agreeably to the views of Congress, out of commission, the Sherman
alone being in active service.
Five of the steamers on the sea-coast are small
tags, from forty to sixty
tons burden, the utility and
efficiency of which at the leading ‘ports—as
substitutes for
ordinary rowboats on the one hand, and for the light cutters
on the other, both in the harbor duties of
inspection aud police, and in the
prevention and detection of smuggling—have been so thoroughly tested
by
experience that it is thought they should bo employed still more
extensively
than they now are. Upon the lakes in
particular they would be of the
greatest value, and they should be substituted for the
large steamers now
there, which should, with one exception, be sold, as they are
depreciating in
value and are a useless expense. Tho
exception is the 8. P. Chase, widen is
of such dimensions that she might be
brought to the sea-coast, where she
could be used to advantage. This would
probably be preferable to a sale of
her where she lies. The schooner
Black, being old and not fit for further
service, has been sold. The Morris, also, is about to be
disposed of for tho
same reason. The steamer
Nemaha, stationed at Norfolk, has been destroyed
by accidental fire.
On the Pacific coast are tho
"Wayanda, in Alaska, and the Lincoln, at San
Francisco, both in excellent condition ; the schooner
Reliance, recently or¬
dered to Sitka, is also in good order.
The schooner Lane, at
Puget Sound, is
old and unfit for the requirements of that
station.
Tho addition of several thousand miles of
sea-coast, by the purchaso of
Alaska, renders the cutter force in the Pacific
inadequate for even the or¬
dinary duties pertaining to the service, without regard to the additional de¬
mands upon it for tho protection of the
fur-bearing animals.
The recom¬
mendation
teen
heretofore made that two first-class stoamers
be built or pur¬
chased for the Western coast is therefore renewed.
A steam-cutter is also
needed for Charleston, and one for the coast of
Texas.
In his report for the year 1k6G, the
Secretary called the attention of Congress
especially to the condition of the shipping interest of the United States. In
his report of last year, he again referred to it in
the following
“
language:
The shipping interest of the United
States, to a great degree prostrated
by the war, has not revived during the past year.
Our shipyards are, with
rare exceptions, inactive.
Our surplus products are
being eliiefiy transported
to foreign countries in foreign vessels. The
Secretary is still forced to admit,
in the language of his last report, ‘that with
unequaled facilities lor obtaining
the materials, and with
acknowledged skill in
of miles of sea-coast, indented with the fiuest shipbuilding, with thousands
harbors in the
plus products that require in their transportation a large world, with sur¬
and
tonnage, we can neither profitably build ships,
increasing
successfully compete with
English ships in the transportation of our own productions.’
“No change for the better has taken
place since that report was made.
On the contrary, the indications are that the
of the Eastern and Middle States has been great shipbuilding inter¬
est
steadily declining, and
that, consequently, the United States is
gradually ceasing to be a great'mari¬
time power. A return to specie
payments will do much, out will not be suf¬
ficient, to avert this declension and give
activity to our shipyards. The
materials which enter into
nor
the construction of vessels should
be relieved
[December 12, 1868.
that
measure is removed, and the concurrence of
Northwest British America
secured, tho authorities at Ottawa are in no situation to make an adoquato
proposition to the United States, in exchange for the great concession of an
exceptional tariff, on our northern frontier, in favor of the leading Canadian
staples. On the other hand, until the United States shall have fully matured
a satisfactory system of
duties, extornal as well as internal, tho Secretary
would be indisposed to favor any special
arrangement which would remove
any material branch of the revenue system from legislative control.
Mean¬
while, a Canadian policy for the enlargement of the Welland and St. Lawrence Canals to dimensions
adequate to pass vessels of one thousand tons bur¬
den from the Upper Lakes to the
Atlantic, will doubtless bo regarded as in¬
dispensable to any substantial renewal, by treaty or legislation, of the former
arrangement. The discussions and experience of the last twelve months are
regarded by the Secretary as warranting an authoritative comparison of
views between the representatives of Great Britain and Canada and the Gov¬
ernment of the United States; and in that event this
department will cheer¬
fully contribute, by all appropriate means, to comprehensive measures which
shall assimilate tho revenue
systems of tho respective countries, make their
markets mutually available, and, for all commercial or social
purposes, ren¬
der the frontier as nearly an
imaginary line as possible. There certainly
seems no just reason
all tho communities on tho American continent
why
might not imitate the example ofrtlie Zoli Verien of the German States.
The progress of tho coast
survey has been satisfactory, and commensurate
with the appropriations, as will bo seen from the annual
report of the super¬
intendent of that work. During the past
year surveys have been in progress
in the following localities, named in
geographical order, viz: On t.lie coast of
Maine, in Penobscot bay and on the islands lying within its entrance; on the
shores of St. George’s and Medonick
rivers; in Muscouguscbay; on tho
estuaries of Quolog bay, and in tho vicinity of
Portland; completing
all the in-shore work between the Penobscot ana
Capo Elizabeth. In Massa¬
chusetts, between the Barnstable and Monomay, completing the
survey of
Capo Cod. In Rhode Island, on tho western part of Narragansett bay. “In
New York, at Readout and in the bay of Newr York.
In New Jersey, on the
coast near the head of Barnegat
bay. In Maryland and Virginia, on the
Potomac river and the southern part of
Chesapeake bay. In North Carolina,
in Pamlico sound and on its western
shore, including Neuso and Bay rivers,
and of the eoast north of Hatteras. In South
Carolina, on the estuaries of
Port Royal sound.
In Georgia, on St. Catherine’s, Doboy. and St. Andrew's
■sounds; in the Florida straits and in the bay between the keys and main shore
of Florida. On the coast between Pensacola and
Mobile entrances. At the
passes of 1 lie Mississippi, and in Galveston, Matagorda and
Corpus Christi
bays, on the coast of Texas. In California surveying parties have been at
work on tho coast between Buenaventura and Santa1
Barbara, at Point Sal,
aud on the peninsula of San Francisco. In
Oregon, on Yaquinna bay, Columbia
and Uelialcur rivers. Iu Washington
Territory, on Fuca straits undin Puget
sound.
is
In the Coast
ly engraved
Survey Office, forty-eight charts have been entirely
year, of which nineteen have boon
during tiie
or
partial¬
published. Regu
lar observations of tho tides at seven
principal stations have been kept up,
and tide tables for all parts of the United
States, for the ensuing year, have
been published. A new edition of tho
Directory or Coast Pilot lor the west¬
ern coast has been
prepared, and a preliminary guide for the navigation of the
north-western coast has been compiled.
This brief glance at the operation of the Const
Survey during the
shows the great scope of that
work, which has justly earned a large measure
of public favor. Its importance to the commerce
and navigation of t lie coun¬
try arc now well understood, nor can its incidental contributions to science
tail to be appreciated by tho
representatives of the people. The work should
be pressed steadily forward, with means
sufficient for the most effective work¬
ing of the existing organization, so that it may embrace, at no distant
period,
the whole of our extended coast line within its
operat ions,
pasc^ear
cipal harbors in our newly acquired Territory of Alaska. including the prin¬
The report of the Lighthouse Board is, as
usual, an interesting one. No
bureau of the Treasury Department is conducted
with more ability, or with
a more strict
regard to the public interests than this.
In view of the extension of the
lighthouse system consequent upon the in¬
crease of the commerce of the
country and the acquisition of sea-coast terri¬
tory, it is respectfully submitted that some authoritative definition of the
limit to which aids to navigation shall be extended
by tho General Govern¬
ment should be
established.
It may
well he doubted whether the General Government should bo called
upon to do more than to thoroughly provide tho sea and lake coasts
with
lights of high order, both stationary and floating, and so to
place lights of in¬
ferior order as to enable vessels to reach secure
anchorages at any season of
tho
year.
The act of
,
_
Congress approved August 31, 1852, establishing the
Board, directs that the coasts of the United States shall be divided Lighthouse
into twelve
districts. It is recommended that
authority bo given to increase the number
of districts to fourteen.
The business of the bureau would be
facilitated if Congress should confer
the franking privilege upon the
Lighthouse Board, in the same manner and
upon the same terms as it is now exercised
by the several bureaus of the
Treasury Department.
The attention of Congress is called
to the aunual report of the Director of
the Mint, which contains the usual statistics of
the coinage of the country,
and various suggestions and
recommendations, which are worthy of consider¬
ation.
The total value of the bullion
deposited at the mint and branches during
the fiscal year was $27,1G6,318 70, of which
$25,472,894 82 was in gold, and
$1,693,423 88 in silver. Deducting the redoposit. the amount of actual
deposit
$24,591,325 84.
#
coinage for the year was: In gold coin, $18,114,425; gold bars,
$6,026,810 06; silver coin, $1,136,750; silver bars, $456,236
40; nickel, copper,
and bronze coinage, (one, two, three and
five-cent
coinage, $21,964,560; total bars stamped, $6,483,046 54.pieces,) $1,713,385; total
The gold deposits of domestic
production were: At Philadelphia, $1,300,338 53; at San Francisco,
$14,850,117 84; at Now York, $5,409,996 55 ; at Den¬
ver, $357,935 11.
The silver deposits were: At
Philadelphia, $67,700 78; at
San Francisco, $651,239 05; at New
York, $262,313 06; at Denver, $5,082 67.
The gold and silver
deposits of foreign production were $1,686,602 35. The
amount of gold coined at
Philadelphia was $3,864,425;
$14,979,558 52; of silver at Philadelphia, $314,750; at 8an at San Francisco,
Francisco, $822,000;
of nickel, copper, and bronze at
Philadelphia, $1,713,385. Total number of
pieces struck, $49,735,840.
The branch mint at Denver has never
coined money, and its expenses are
entirely out of proportion to its business. The law under which it was
organized should bo repealed, and the institution
reorganized as an assay
wai
Tho
office..
from
of drawbacks; or if this may be
During the past year the branch mint building at Carson
regarded as impracti¬ been
City, Nevada, has
cable, subsidies might bo allowed as an offset to taxation. If
completed, and the necessary
have been for¬
subsidies are ob¬
warded. It will he ready for work machinery and fixtures
jectionable, then it is recommended that all restrictions
early next season.
upon the registration
The mint at Philadelphia and the branch
of foreign-built vessels be removed, so that the
mint at San Francisco have tho
people of the United States,
who cannot profitably build
vessels, may be permitted to purchase them in confidence of the people and of the Government, and when the new mint
the cheapest market. It is certainly unwise to
.building in San Francisco is erected, these mints will be of
retain upon the statute
ample capacity
books to supply
a law restrictive upon commerce when
it no longer accomplishes
the obiect large and coinage for the whole country. The business of coinage requires
for which it was enacted.”
J
expensive establishments, under charge of men of science and of
What was said by the
Secretary ia 1866 and 1867 upon this subject is true undoubted integrity; and such can be successfully maintained only at
at the present time, and he therefore feels it
commercial centres, where bullion of different
his duty to
degrees of fineness is con¬
repeat his recom¬
mendations. The skipping interest was
not only prostrated
by the war, but tinually offered for manipulation. The establishment of additional branch
its continued depression is attributable to
mints is, therefore,
the ‘financial
unnecessary, and would be injudicious.
The entire deposits at the branch mint in
high taxes consequent upon the war. The honor and legislation, and the
San Francisco were
the welfare of the
formerly in
country demand its restoration.
unparted bullion; now nearly two-thirds of the amount is deposited in bars,
refined by private establishments. The law
Accompanying this report there is a very accurate and instructive
requires that the parting charge
chart, shall eaual the actual cost of the
prepared by Mr. S. Nimmo, Jr., a clerk in this
department, which presents, years shows that not less than process: but the experience of the past four
in a condensed form, the
progress of shipbuilding in the United States from
thirty thousand dollars annually may be saved
to the Government
1817 to 1868.
by discontinuing the business of
Since the abrogation of the
coast, and it is, therefore, recommended that the refining upon the Pacific
treaty of June 4, 1854, between the United
Secretary be authorized to
States and Canada, no favorable
exchange the unparted bullion
deposited at the mint for refined bars, when¬
ever in his
commercial relations of the two opportunity for a reconsideration of the
opinion it may be for tne public interest to do so.
countries has been presented. Canada
has
It is also recommended that
yet to consolidate a political confederation with the other
authority be given for the redemption of the
English colonies one and two-cent pieces by the
find possessions on this continent, and until the
Treasurer, under such rules and regulations
hostility of Nova Scotia to
taxation
by
means
as
may be prescribed by the
department.
December
12,1868.]
THE CHRONICLE.
On tho first day of April last Mr. R.
Raymond was appointed Commis¬
sioned of Mining
Statistics, in place of Mr. J. Rosa Browne, now Commissioner
to China.
Mr. Raymond was instructed to continue the work so
ably commenced by
his predecessor, and his
report will show with what diligence and ability he
is performing
the duties
assigned to him. Tho Secretary invites the attention of
Congress to this report, and asks for the recommendations which it contains
due consideration.
The following
extract, from the Secretary’s report of 1867, presents, in
cannot make more explicit, his present views:
Tho Secretary
respectfully recommends the
tho ac¬
counting offices of the Treasury Department, so as reorganization of of tho
to place this branch
public service under one responsible head, according to wTh&t seems to have
been
designed in the original organization of tho department, and followed
until tho increase of business led to the
creation of the oflice of Second Comp¬
troller, and Subsequently to that of Commissioner of Customs. There are
now thrco officers
controlling tho settlement of accounts, each independent
of tho others,
and, as a consequence, the rules and decisions are not uniform
where tho same, or like
questions arise. In tho judgment of the Secretary,
the concentration of the
accounting offices under one head would secure
greater efficiency, as well as greater uniformity of practice, than can be ex¬
pected under a divided supervision. It is believed,
also, that it would be ad¬
vantageous to relieve the Commissioner of Customs of the
duty of settling ac¬
counts, and to coniine his labors to the supervision of the revenue from cus¬
toms now
sufficiently largo to demand his whole time. It is therefore recom¬
mended that the office of Chief
Comptroller bo created, having general super¬
vision of tho
accounting officers, and appellate jurisdiction from their
decisions: to which should bo transferred the
duty of examining and coun¬
tersigning warrants on the Treasury, and of collecting debts duo tlya GovernI!wti1now,90118^u^nr accounts tho duties of tho First Comptroller; and
that the adjustment of al>ar^
pertaining to the customs bo restored to the
latter
language which he
office.
“The Secretary'also renews the
recommendation contained in his last
annual report, of a
reorganization of the bureaus of the department, and
most respectfully and
earnestly solicits for it the favorable action of Con¬
gress.
The compensation now
paid is inadequate to tho services per¬
formed, and simple justice to.gonflemen of the ability and character of those
employed in the department requires a liberal addition to their present com¬
pensation. Since the
rates of compensation now allowed
the
were
established,
duties, labors, and responsibilities of the bureaus have been
creased, and the necessary expenses of living in Washington liavo largely in¬
been more
than doubled.”
The
Secretary, also, again recommends that a change be made in regard to
iho
adjustment and settlement
.that
of accounts in the oflice of the Third
Auditor;
period be fixed within which war claims shall be presented, and that
measures bo adopted to
perpetuate testimony in eases of claims that are dis¬
a
allowed.
I he able report of tho Treasurer
gives a detailed account of the operations
of the
Treasury during the last fiscal year, and contains many valuable sug¬
gestions for f he consideration of Congress.
The report of the
Supervising Architect irives full ami detailed accounts of the
progress that lias been made in the construction of
public buildings.
The reports of the beads of all the
respective bureau^ will be found to be of unusual
interest—containing, as they do, accurate information in regard to the affairs
ol tlie Government in this
interesting period of its history.
Mr. fi.M. Clark having
resigned the office of Superintendent of the Bureau of
I,.ngravin'r and Printing, Mr. G. B. McCartee has been
placed temporarily in charge
ot it.
As the. past management and
present condition of this bureau are now under
investigation by the Joint Committee on Retrenchment and Reform, the
Secretary
feels at liberty onlv to
sav, at tills time, that, from
caused to be made by officers and clerks of this thejexaminations which he has
department, lie feels justified in
remarking that, f he reports which have bee. at various times put in circulation in
regard to over issues of notes or securities, and of
dishonesty in the administration
of «lie
bureau, are unfounded.
A systematic effort is being made to reduce the
expenses of the administration of
the customs service, and with considerable success.
The process is necessarily
slow nnd beset with
difficulties; but material reduction has been already made,
and still greater is in
progress.
|
During the war the business of the Treasury Department was so
largely and
rapidly increased, and so many inexperienced men necessarily
employed, that
perfect order and system could not he enforced. Many accounts were unsettled,
and some hranchess of business had fallen into
confusion.
Much attention lias
hoop given by the Secretary “to straightening up” the affairs of flic Department,
lie is now gratified in being able to
say, that order and system have been intro¬
duced where they were found to be needed
; that the bureaus are in good working
order, and that tho “machinery” of the department is in as satisfactory condition
as
perhaps it can he, under existing laws. The result of the examinations which
lm has caused to ho made has excited his
admiration of the wisdom displayed by
Mr. Hamilton in the system of
accounting which he introduced, and most favorably
Depressed him with the value of the services of the men who, poorly paid, and
iii ?’.e known bevond the walls of the
Treasury Building, have for years conducted,
viih unfaltering fidelity, the details of a business
larger and more complicated
< ban was
ever devolved upon a
single department by any Government in the
world.
In eon chiding this communication,
in ji few brim words, to review' some
tion of the Treasury for the
it may not he inappropriate for the Secretary,
points in the general policy of the administra¬
past four years.
The following statement— published
in the last Treasury report—exhibits the
condition of the Treasury on the 1st of April, 1865:
Funded debt
Matured debt
$1,100,361,241 CO
Temporary loan certificates
Certificates of indebtedness
Interest bearing notes.
Suspended
or
unpaid requisitions.
United States notes, legal tenders
Fractional currency
Cash in the
Treasury
340,420 00
52.452,328 29
171.700.000 00
520,812.800 00
114,256,548 93
433,160,569 00
24,254,094 07
$2,423,437,002 18
56,481,924 84
Total
$2,366,955,077 34
By this statement it appears that, with $56,481,924 84 in the Treasury, there
were requisitions waiting for
payment (the delay in the payment of which was
greatly discrediting the Government) to the amount of $114,256,548 93; that there
were $52,452,323 29 of
temporary-loan certificates liable to he presented in from ten
to thirty days’notice, and $171,790,000 of certificates of
indebtedness, which had
been issued to contractors, for want of the
money to pay the requisitions in their
favor, and which were maturing.daily. At the same time, the efforts to negotiate
securities wrere not being attended with the usual
success, while the expenses of
the war were not less than two millions of dollars
per day. The vouchers issued
to contractors for the necessary supplies of the
army and navy—payable one-half
in certificates of indebtedness and the other half in
money—ivere being sold at a
discount of from ten to twenty per cent., indicating by tlieir depreciation how low
was the credit of the Government, and how uncertain was the time
of payment.
The fall of Richmond and the surrender of the
army of Virginia under General
Lee (which, virtually closed the war), had not tho effect of
relieving the Treasury.
On the contrary, its embarrassments were increased
thereby, inasmuch as it.
seemed to leave the Government without-excuse for not paying
its debts, at the
same time that popular appeals for
subscriptions to the public loans wero divested
of much of tlieir strength. As long as the Government was in
danger by the con¬
tinuation of hostilities, the patriotism of the p m lp could he successfully appealed
tofortiiepurpo.se of raising money and sustaining the public credit, without
which the Avar could not be vigorously prosecuted. When hostilities ceased, and
the safety and unity of the Government Avero assured, self-interest became
again
the controlling power.
It Avill he remembered that it was then generally supposed
that the country was already fully supplied with securities, and that there was
also throughout, the Union a prevailing apprehension that financial disaster
Avould speedily follow the termination of the war. The greatness of the
emergency
gave the Secretary no time to try experiments for borroAving on a new security of
long time and loArer interest, and removed from his mind all doubts or hesitation
in regard to the course to he pursued.
It was estimated that at least seven hun¬
dred millions of dollars should be raised, in addition to the revenue receipts, for
the payment of the requisitions already drawn, aud those that- must soon follow—
preparatory to the disbandment of the great Union army—and of other demands
upon t-lie Treasury. The anxious inquiries then were, by wliat means can this
large amount- of money be raised ? and not what will be the cost of raising it.
How can the soldiers lie paid, and the army he disbanded, so that the extraordidinary expenses of the War Department may he stopped ? and not what rate of
interest shall ho paid for the money. These were the inquiries pressed upon #he
Secretary. He answered them by calling to his aid the well-tried agent who had
751
been employed by his immediate predecessors and
by offering the seven and three
popular loan ever offered to the people—in every city and
village, and by securing the advocacy of the press, throughout the length and
breadth of the land.
tIn less than four months from the time tne work of obtaining
subscriptions was actively commenced tbe Treasury was in a condition to meet
every demand upon it. But while the Treasury was thus
relieved, the character
of the debt was by no means
satisfactory. On the first day of September it con¬
sisted of the following items:
tenths notes—the most
Funded debt
.Matured debt
$1,109,568,191 80
1,503,020 09
1D7,148V713 16
Temporary loan
Certificates of indebtedness
Five-per cent, legal tender notes
Compound interest legal tender notes
Seven-thirty notes
United States notes, legal tenders
4
Fractional currency
Suspended requisitions uncalled for
Total
Deduct cash in
-
85,093,000 00
33,954,230 GO
217,024,160 00
830,000,000 00
433,160,569 (JO
26,344,742 51
2,111,000 00
$2,845,907,626 56
Treasury
88,218,055 13
Balance.
$2,757,689,571 43
From this statement it Avill he perceived that
$1,276,834,123.25 of the public debt
consisted of various forms of
temporary securities, $433,160,569 ol the United States
notes—the excess of which over $400,000,000 having been
put into circulation in
payment of temporary loans—and $26,344,742 of fractional currency. Portions of
this temporary debt were maturing daily, and all of
it, including $18,415,000 of the
funded debt, Avas to be provided for within a
period of three years. The seventhirty notes were, by law and the terms of the loan, convertible at maturity, at
the Avill of the holder, into five-twenty bonds, or
payable, like the rest of these tem¬
porary obligations, in lawful money.
It at as, of course, necessary to make provision for the daily
maturing debt, and
also for taking up from time to time such portions of it as could be
advautageou sly
converted into bonds or paid in currency before maturity, for the
purpose of
avoiding the necessity of accumulating large sums of money, and of relieving the
Treasury from the danger it Avould be exposed to if a A ery considerable portion of
the debt Avere permitted to mature, Avitli no other means for
paying it than that
afforded by sales of bonds in a market too uncertain to be
confidently relied upon
in an emergency. In addition to the temporary loan,
payment of which could be
demanded on so short a notice as to make it virtually a debt payable on demand,
t he certificates of indebtedness, which wero maturing at the rate of from fifteen to
twenty millions per month; the five per cent, notes which matured in January
following, and the compound interest notes, Avhieh Avere payable at various times
within a period of three years, there Avere $830,000,000 of
seven-thirty notes which
Avould become due
as
follows, \'iz.:
August 15, 1867
$300,000,000
June 15, 1868
July 15, 1868
300,000,000
230,000,000
As tbe
option of conversion was with the holders of these notes, it depended upon
the condition of the market whether they would be presented for
payment in law¬
ful money, or to ho exchanged for bonus. No prudent man, intrusted with the
care of the nation’s interest and
Avould permit tAvo or three hundred millions
credit,
of debt to mature Avitliout making provision for its payment; nor Avould
he, if it
could be avoided, accumulate large sums of money in the
Treasury which would
not he called for, if tho price of bonds should be such as to make the conversion of
the notes preferable to their payment in lawful money. The
policy of the Secre¬
tary was, therefore, as he remarked in a former report, determined by the condi¬
tion of the Treasury ami the country, and by the character of the debt. It was
simply, first, to put and keep the Treasury in such condition as not only to be
prepared to pay all claims upon presentation, but also to be strong enough to pre¬
vent the success of any combinations t-hat might be formed to control its
manage¬
ment; and, second, to take up quietly, in advance of tlieir maturity, by payment or
conversion, such portions of the temporary debt as Avould obviate the necessity of
accumulating large currency balances in" the Treasury, and at the same time
relieve it from the danger of being forced to a further issue of
legal-tender notes,
or to a sale of bonds, at Avhatever price they might
command. In carrying out this
policy, it seemed also to be the duty of the Secretary to have due regard to the
interests of the people, and to prevent, as far as possible, the work of
funding from
disturbing legitimate business. As financial trouble has almost invariably followed
closely upon the termination of protracted Avars, it was generally feared, as
has been already remarked, that such trouble would be
unavoidable, at the
close of the great and expensive war in which the United States had been for
four years engaged. This, of course, it was important to aA'oid, as its occurrence
might not only render funding difficult, but might prostrate those great interests
upon which the Government depended for its revenues. It Avas, and constantly has
been, therefore, the aim of the Secretary so to administer the Treasury, while bor¬
rowing money and funding the temporary obligations, as to prevent a commercial
crisis, and to keep the business of tbe country as steady as Avas possiblo on the basis
of an irredeemable and constantly fluctuating currency. Whether his efforts have
contributed to that end or not, he does not undertake to say ; but tho fact is unques¬
tioned that a great war has been closed, large loans have been
effected, lieaAw revenues have been collected, and some thirteen hundred millions of dollars of
tempo¬
rary obligation a ’.ta'O been paid or funded, and a great debt brought into managea¬
ble shape, not only Avitliout a financial crisis, but Avitliout any disturbance to the
ordinary business of the country. To accomplish these things successfully, the
Secretary deemed it necessary, as has been before stated, that the Treasury should
be kept constantly in a strong condition, with power to prevent the credit of the
Government, and the great interests of the people from being placed at the mercy
of adverse influences. Notwithstanding the magnitude and character of the
debt,
tjiis poAver the Treasury has for the last three years possessed; and it has been the
Avell-known existence, rather than the exercise of it, which lias in repeated instances
saved the country from panic and disaster. The gold reserve, the maintenance of
which lias subjected the Secretary to constant and bitter criticism, has grtena con¬
fidence to the holders of our securities at home and abroad, by the constant evidence
which it exhibited of the ability of the Government. Avitliout depending upon pur¬
chases in the market, to pay the interest upon the public debt, and a steadiness to
trade, by preventing violent fluctuations in the convertible value of the currency,
which have been a more than ample compensation to the country for any loss of
interest that may have been sustained thereby. If the gold in the Treasury had
been sold down to wliat was absolutely needed for the payment of the interest on
the public debt-, not only would the public credit have been endangered, hut the
currency; aud, consequently, the entire business of the country would have been
constantly subject to tbe dangerous power of speculative combinations.
Of the unavailing effort that was made by the Secretary to contract the curren¬
cy, with the view of appreciating it to the specie standard, ho forbears to speak.
His action in respect to contraction, although authorized, and for a time sustained,
was subsequently disapproved (as he thinks, unwisely)
by Congress. This is a
question, however, that can be better determined hereafter than now.
Complaint has been made that in the administration of the Treasury Depart¬
ment since the
war
there has been too much of interference with the stock and
market. This complaint, when honestly made, has been the result of a want of
reflection, or of imperfect knowledge of tlie financial condition of the Govern¬
ment. The transactions of the Treasury have, from necessity, been connected
with the stock a^d money market of New York. If tbe debt after the close of the
war had been a landed debt. with.nothing to be done in relation to it but to pay
the accruing interest, or if business had been conducted on a specie basis, and
consequently been free from the constant changes to which it has been and must
he subject—-as long as there is any considerable difference between the legal and
commercial standard of value—the Treasury could have been managed with entire
independence of the stock exchange or the gold room. Such, however, was not
the fact. More than one-half of the national debt, according to the foregoing ex¬
hibits, consisted of temporary obligations, which were to he paid in lawful money,
or converted into bonds, and there was in circulation a large amount of irredeem¬
able promises constantly changing in their convertible value. The Secretary, there¬
fore, could not be indifferent to tbe condition of the market, nor avoid connection
with it, for it was, in fact, with the market he had to deal. Ho would have been
happy had it been otherwise. If bonds were to be sold to provide the means for pay¬
ing the debts that were payable in lawful money, it was a matter of great imporance
to the Treasury that the price of bonds should not be depressed by artificial pro¬
cesses. If the seven thirtv notes were to he converted into five-twenty bonds, it was
equally important that they should sustain such relations to each other, in regard
to prices, that conversions'would he effected. If bonds were at a discount, the
notes would he presented for payment in legal tenders; and these could only be
obtained by further issues, or the sale of some kind of securities. For three
therefore the
a
matter of
rears,
state of the market has
been
deep solicitudec to the Secretary. If he had been indifferent to it,
or
failed
carafully to
study
the
influences
that
controlledit, or
had
hesitated
to' exercise tho poAA'er -with which Congress had clothed
him for successfully funding the temporary debt by conversions or sales, he would
have been false to his trust. The task of converting a thousand millions of tempo¬
rary obligations into a funded debt, on a market constantly subject to natural and
artificial fluctuations, without depressing the prices of bonds, and without dis¬
turbing the business of the country, however it may be regarded now, when the
work has been accomplished, was. while it was being performed, an exceedingly
money
delicate
one.
It is hut simple
justice to
say,
that its successful accomplishment is
THE CHRONICLE
752
to the judicious action of the Assistant Treasurer
1
2
Similar coinplaint has also been made of the manner in which gold and bonds
have been disposed of, by wliat lias been styled “ secret sales;” and yet precisely
the same course has been pursued in these sales that careful and prudent men
pursue who sell on their own account.
The sales have been made when currency
in
preat measure attributable
York, Mr. Van Dyck.
a
at New
..
,,
,.
needed, and prices wore satisfactory. It was not considered wise or prudent
the dealers precisely when and to what amount sales were to be made
(no sane man operating on his own account would have done this), but all sales of
gold have been made in the open market, and of bonds by agents or the Assistant
Treasurer in New York, in the ordinary wav, with a view of obtaining'the very
best prices, and with the least possible disturbance of business. In the large
transactions of the Treasury, ageuts have been indispensable, but none have been
was
employed when the work could be done equally well by the officers of t he depart¬
Whether done by agents or officers, the Secretary has no reason to suppose
ment.
that it has not been done skillfully and honestly, as well as economically.
lie is
now gratified in being able to say, that unless a very stringent market, such as
was produced a few weeks ago by powerful combi nations in New York, should
send to the Treasury large amounts of the three per cent, certificates for redemp¬
tion, no further sales of l>ouds are likely to he necessary. Until, however, the re¬
ceipts from internal revenues are increased, the necessities of the Government
will require that the sales of gold shall he continued. These sales are now being
made by advertisements for sealed bids, instead of the agencies heretofore em¬
ployed/ The result, so far, has not been entirely satisfactory, but a proper respect
for wliat, according to the tone of the press, appeared to be the public sentiment,
seemed to require it. The new mode will be fairly tested, and continued, if it can
be, without a sacrifice of the public interest.
The Secretary has thus referred to a few points in his administration of the
Treasury, lor the purpose of explaining some tilings which may have been imper¬
fectly understood, and not for the purpose of defending his own action. Deeply
sensible of the responsibilities resting upon him, but neither appalled nor disheart¬
ened by them, be has performed the duties of his office according to the best of his
ablest men in the country, to whose judicious labors he has
for any success that may have attended his administration
is he under less obligation to his associates, the officers and
The First National Bank of Leonardsville, New York. 0
The Farmers’ National Bank of Richmond, Virginia.
The Farmers’ National Bank of Waukesha, Wisconsin.
,
to advise
been greatly indebted
of the Treasury. Nor
leading clerks of the
department, whose ability and whose devotion to the public service have com¬
manded his respect and admiration.
iiugh mccullocii,
Secretary of the Treasury,
Hon. Schuyler Colfax,
Speaker of the House of Representatives.
[December 12,1868
'
The
The
The
The
The
The
The
The
The
The
The
City National Bank of Savannah, Georgia.
National Bank of Crawford County, Meadville, Pennsylvania.
First National Bank of Elkhart, Indiana.
First National Bank of New Ulm, Miunesota.
Pittston National Bank, Pennsylvania.
Berkshire National Bank of Adams, Massachusetts.
Fourth National Bank of Indianapolis, Indiana.
Kittanning National Bank, Kittanning, Pennsylvania.
First National Bank of Providence, Pennsylvania.
National State Bank of Dubuque, Iowa.
Ohio National Bank of Cincinnati, Ohio.
Since October 1. 1867:
First National Bank of Kingston. New York.
First National Bank of Bluffton, Indiana.
»
First National Bank of Skaneatelcs, New YoYk.
First National Bank of Jackson, Mississippi.
First National Bank of Downingtown, Pennsylvania.
National Exchange Bank of Richmond, Virginia.
The
The
The
The
The
The
The Appleton National Bank, Appleton, Wisconsin.
The National Bank of Whitestown, New York.
The First National Bank of New Brunswick; New Jersey.
The First National Bank of Titusville, Pennsylvania.
The First National Bank of Cuyahoga Falls, Ohio.
The First National Bank of Cedarburg, Wisconsin.
The Commercial National Bank of Cincinnati, Ohio.
The Secoud National Bank of Watertown, New York.
The Second National Bank of Des .Moines, Iowa.
The First National Bank of South Worcester, New York.
The National Mechanics and Farmers’ Bank of Albany. New
The First National Bank of Pluiuer, Pennsylvania.
York.
Of the hanks in liquidation, the following are winding up for the purpose of
consolidating with other banks:
The Pittston National Bank, Pittston, Pennsylvania, with the First National Bank
of Pittston.
The Berkshire National Bank of Adams, Massachusetts, with the First National
Bank of Berkshire.
The Fourth National Bank of Indianapolis, Indiana, with the Citizens’National
Bank of Indianapolis.
The Kittauuing National Bank, Kittanning, Pennsylvania, with the First National
Bank of Kittanning.
The First National Bank of Providence, Pennsylvania, with the Second National
Bank of Scranton, Pennsylvania.
The National State Bank of Dubuque, Iowa, with the First National Bank of Du¬
buque.
The Ohio National Bank of Cincinnati, Ohio, with the Merchants’ National Bank,
of Cincinnati.
The First National Bank of Titusville, Pennsylvania, with the Second Nation a 1
Bank of Titusville.
The National Exchange Bank
Bank of Richmond.
The Second National Bank at
of Watertowu.
R:;iVRT OF THE COT TROLL Eft OF THE CIMEMY.
Office
Sir:
I have
Comptroller
ok the Currency,
IVashington, November 10, 1068.
In compliance with the provisions of section 61 of the national currency act.
the honor to present, through you, to the Congress of the United State's, the
of tiie
following report:
Since the last annual report 12 national hanks have been organized, of which five
are new*associations.
One was organized to take the place of an existing State
bank, and six were organized to take the place of national banks previously organi mil. but now in liquidation and winding up, making the total number organized up
to
October, 1683.
Tultie exhibiting
lotah
of Richmond, Virginia, with the First National
Watertowu, New York, with the first National Bank
The following banks in liquidation are succeeded by new organizations, which
to take their circulation as fast as it is redeemed ; this being the only process
by which a change of loca tion can be effected.
The First National Bank of Downington, Pennsylvania, succeeded by the First
National Bank of Honey brook, Pennsylvania.
The First National Bank of New Brunswick, New Jersey, succeeded by the Prince¬
ton National Bank, Princeton, New Jersey.
The Second National Bank of Des Moines, Iowa, succeeded by the Pacific National
Bank of Council Bluffs, Iowa.
The First National Bank of Pliuner, Pennsylvania, succeeded by the First National
Bank of Sharon, Pennsylvania.
are
the number of luniks, with the amount of capital,
deposited, and areola lion, in each Mate and Territory,
September o0, 1808.
Statement showing the
ing out of existence,
national banks in liquidation .for the. purpose of closing up and go
their capital bonds deposited to secure circulation, circulation de¬
livered, circulation redeemed, and circulation outstanding, October 1, 1868.
ORGANIZATION.
States and
Ten it oriei5.
Capital paid in.
Bonds
on
deposit.
Circulation In actual
issued,
circulation.
Name of Bank.
61
Maine—
New Hampshire...
Vermont
..
Massaclmset ts.....
49
40
209
62
Rhode Island
Connecticut
New York.New Jersey
83
314
ro3
203
:«
11
6
29
15
137
71
83
43
Pennsylvania
Maryland
Delaware
List, of Columbia..
Virginia
West Virginia
Ohio
Indiana
Illinois
Michigan
5
20
15
13
3
2
Kansas
Missouri
Kentucky
Tennessee
Louisiana
Mississippi
4
Nebraska
Colorado
Georgia
6
South Carolina
Alabama
3
3
1
Nevada
Total
-
40
297
62
81
299
54
197
32
11
4
lit
15
133
2
.
.
2
15
1
8
.
.
.
.
2
2
*
,
4
3
68
83
42
34
.
.
1
3
4
1
.
44
15
5
.
13
15
12
2
2
,
,
1
1
2
.
3
8
6
,
.
1
.
.
.
3
.
2
1
1
4
2
1
1
1
1
.
,
1
4
2
1
1
1
1,685
.
•
,
.
4
.
.
3
9
Nortii Carolina
40
.
48
16
Minnesota
61
,
.
.
87
Wisconsin
Iowa
Oregon
Texas
Arkansas
Utah
Montana
Idaho
,
.
.
.
.
••
56
1,629
00
00
50
00
00
00
00
00
$8,407,250
4,839,000
6,517,000
50,247,390 00
44,303,350
12,790,202 50
10,065,750
39,940,700
9,150,800
1,428,185 00
1.348,200
1,393,000
1,217,225
1,278,000
2,429,800
2,243,250
20.768,800
12,532,500
11.047,950
4,357,700
2,768,050
3,713,750
1,712,200
382,000
4.724,050
2,665,900
1,492,700
1,308,000
75,000
235,000
297,000
1,383,500
399,500
204,000
370,500
155,000
100,000
2,157,930
2,020,350
18,667,750
$9,085,000
4.735,000
6,560,012
80,032,000
20,864,800
24,684.220
116,544,941
11,583,350
1.559,000 00
2,500,000 00
2,216,400
22,404,700
12,867,001)
12,070,000
5,210,010
00
00
00
00
00
2,960,000 00
4,057,000 00
1,710,000 00
400,000 00
7,810,300 00
2,835,000 00
2,025,300 00
1.800,000 00
150,000 00
350,000 00
350,000 00
1,600,000 00
653,300 "00
685,000 00
500.000 00
155,000
100,000
525,000
200,000
150,000
100,000
100,000
00
00
00
00
00
00
00
64,718,400
14.185.600
19.768,000
79,442,500
10,678,650
$7,569,166 $7,510,066
4.328,195
5,802,960
58,561,030
12,676,630
17,800,625
73,323,505
9,520,485
11,169,055
9,777,650
3.872,955
2,583,950
3,349,805
1,501,900
354,600
1.305,550
2,367.270
1,270,220
1,245,000
66,000
170,000
254,500
1,235,400
317,600
'
472,100
200,000
150,000
40,000
75,000
153,000
353,025
131,700
88,500
417,635
179,500
135,500
36,000
63,500
4,281,695
5,737,560
57,084,640
12,491,480
17,443,793
68,853,726
9,397,985
38,772,102
8.904,800
1,198,825
1,137,700
2,146,670
1,988,550
18,410,425
11,013,735
9,648,150
3,826,455
2,541,410
3,252,228
1,476,800
341,000
4,129,310
2,338,620
1,204,755
1,131,415
"
64,035
170,000
254,000
1.234,000
316,000
135,000
304,900
131,700
88,500
407,535
179,500
135,000
36,000
First Nat. Bk. Columbia, 31 o
$100,000
First Nat. Bk. Carondelet, Mo:...
30,000
Nat. Un. Bk. Rochester, N. Y....... 400,000
Nat. Bk. Metropolis, Wasli’n D. C... 200,000
First Nat. Bk. Leonardsville, N. Y. '50,000
Fanners’ Nat. Bk. Richmond, Va.. 100,000
Farmers’ Nat. Bk. Waukesha, Wis. 100,000
City Nat. Bk. Savannah, Ga
Appleton Nat. Bk., Appleton, Wis. 50,000
Nat. Bk. Whitestown, N. Y
120,000
First Nat.Bk.CuyahogaFalls,Ohio. 50.000
First Nat. Cedarburg, Wis
100,000
Commercial Nat. Bk. Cin., Ohio... 500,000
First Nat.Bk.SouthWorcester,N.Y. 175,000
Bk.Alb.,N.Y. 350,000
*
Statement
25,50(1
$220,000
202,000
50,500
$90,000 $6,910 $83,090
25,500 16,640
.8,860
192,500
192,500
180,000
180,000
45,0(10
45,000
85.000
85,000
140
90,000
89,860
(*)
(*)
88,150
*1,000 87,150
54,000
54,000
180,000
180,000
45,000
45,000
135,000
135,000
40,500
40,500
45,000
45,000
.......
100,000
90,000
100,000
Nat. Bk. Crawl'd Co..Meadville,Pa. 300,000
First Nat. Bk. Elkhart, Iml
100.000
First Nat. Bk. New Ulm, Minn
60,000
First Nat. Bk. Kingston, N. Y
200,000
First Nat. Bk. Bluffton, Iud
50,000
First Nat. Bk. Skaneatelcs, N. Y... 150,000
First Nat. Bk. Jackson, Miss....... 100,000
Nat.Mech. &,Farmers’
$90,000
’
100,000
60,000
200,000
50,000
153,000
45,000
50,000
50,000
50,000
80,000
407,000
' 177,700
,
44.500
.......
350,000
45,000
90,000
345,950
157,400
314,950
44.500
18,000
45,000
72,000
3,520
157,400
311,430
.
345.950
No circulation.
showing the national banks in liquidation for the purpose of consolidating with
other banks, their capital, bonds, and circulation.'
63,500
426,189,111 00 342,019,950 309,915,166 299,806,565
Name of Bank.
From the number of banks
organized, heretofore ‘stated to be 1,685, should be
deducted 56, leaving the number iu active operation 1,629.
The bunks to be excluded are the following:
NEVER
The
The
The
The
COMPLETED THEIR ORGANIZATION BO AB TO COMMENCE BUSINESS.
First National Bank of Lansing, Michigan, No. 232.
First National Bank of Penn Yan, New York, No. 169.
Second National Bank of Canton, Ohio, No. 463.
Secoud National Bank of Ottumwa, Iowa, No. 195.
SUPERSEDED BY SUBSEQUENT
ORGANIZATION WITH THE 8AME TITLES.
The First National Bank of Norwich, Connecticut, original No.
The First National Bauk of Utica, New York, original No. 120;
IN VOLUNTARY
LIQUIDATION.
The First National Bank of Columbia, Missouri.
The First National Bank of Carondelet, Missouri.
The National Union Bank of Rochester, New York.
The National Bank of the
Metropolis, Washington, D. C.
65, present No. 458.
present No. 1,395.
The
The
The
The
The
The
The
The
The
Pittston N. B’k, Pittston, Pa..
Berkshire N. B’k of Adams, .Mass..
Fourth N. B’k of Indianapolis, Ind.
First N. B’k of Providence, Pa.....
$200,000
100,000
Kittanning N. B’k, Kittauning. Pa..
200,000
500,000
150,000
200,000
Ohio N. B’k of Cincinnati, Ohio....
N. S. B’k of Dubuque, Iowa
N. Ex. B’k of Richmohd, Va
First N. B’k of Titusville, Pa
The Second N. B’k,
Watertown, N. Y...
$94,000
101,550
100,000
100,000
206,300
100,000
90,000
(*)
450,000
127,500
180,000
86,750
100,000
90,000
530,000
146,000
100,000
100,000
(*)
(*)
$ 85,700
-
No circulation
$1,100
1.000
_
2,500
3,400
1,505
.
$84,600
89,000
447,500
124.100
180,000
85,245
90,000
December 12, 1868j
S
TATEMENT
POSE
OP
THE
SHOWING THE NATIONAL
CHANGING THEIR
BANKS IN
LIQUIDATION TOR THE
LOCATION, THEIR CAPITAL, BONDS,
LATION.
Fame of Bank.
U. S.
bonds
on
mgtown, Pa
The First National Bark of
New
Brunswick, N. J
The Second National Bank of
Des
100,000
90,000
50,000
50,COO
42,500
100,000
100,000
87,500
The First National Bank of
Pinmer, Pa..
Redeemed..
October,
denominations outstanding
®
1868
(We here
42,500
ING
....
.
....
..
AMOUNT OF
on
THE
Bank of Franklin, Pa.
The Merchants' isatioual
Bk of
Washingt’n,!) C
The First National Bank
of Newton, Mass
The First National Bank
of Medina, N.Y
The Tennessee Nat’nal
.
..
300,000
200,000
Orleans, La..
The National
50,000
20,000
; 61,871 CO
127,741 00
146,000
500,000
Unndilla
Bank, Unadilla, N.Y. 120,001
The
Farmers and Cit’z’s
Nat.Bk of B’klyn,N.Y
The Croton Nat B’k of
the city of N
.York,NY
The Fiist National B’k
of Bethel, Conn
The First National B'k
of Keokuk, Iowa
The First Nat onal B’k
of Vicksburg, Miss...
SO,COO
150,000
B’kof Memphis, Tenn
100,000
The First Nalional Bank
ot Selma, Ala
100,000
The First National Bank
of New
40,0^0
180,000
64.030
125, S00
stand-
ing.
$11,250
[27,329.25
40,000
26,210
13,790
,59,465
30,535
CO,COO
41,247 20 685,000
4S,125
0,000
104,742 00
180,000
113,585
66,415
53,1S3 50
100,000
64,880
35,120
185,500
106,504 10 253,900
137,920
115,980
200,000
142,000
105,111
74,899
CO,000
30,COO
100,000
100,000
72,181 90
180,000
26,300
30,000
2,020
24,280
90,COO
28,780
61,220
25,600
1,965
23,535
,
254,754
.
.
8,641,822
8,641,822
,
2,978,100
73,176
2,904.984
Fives.
23,106,728
Redeemed
482,132
Outstanding.,
.
Outstanding.
,
,
Outstanding
.
.
Outstanding.'
States and
Ten itories.
Maine
N. Hampshire.
.
2,410,660
Connecticut...
New York....
New Jersey..
.
..
Delaware
Dis. of Col’b’a
.
.
Minnesota....
Kentucky
....
Tennessee....
Louisiana
Nebraska...
Colorado
....
.
Georgia
North Carol’a.
Alabama
.
Oregon
43,659,340
251,767
Total
1,759
11,727
South
to & asB’d
862,800
16,896,250
$26,735,000
1,558,300
25,176,700
HELD
BY THE
$6,743,000
879,600
5,863,500
Rate
by State
7H8 00
1,302 00
600
793
834
951
00
00
00
00
2,221 00
64
66
77
54
39
60
2,250 00
1,S98 00
1,017 00
60
1,606 00
1,807 00
1,954 00
1,109 CO
1,615 00
946
742
717
751
00
00
00
50
2,704 00
892
842
70S
977
00
00
00
00
2,694 00
16
253,359 31
40
25
32,620 68
15,329 45
48,344 SI
46,966 34
,
.0348
.02
.0055
.0131
.0008
.002S
.0055
.023
.02 2
.0155
.02
-0134
.021
.0221
.013
.02
.02
.106
.014
.0)54
.028
.0046
.004
.0088
.0095
7.801 08
27.974 80
20,041 58
7,014 39
1,615 60
6,050 46
5,144 31
3,829 49
_
_
2,149 £4
1,350 99
1,097 00
•
2*
.015
.019
.022
.02
.01
.016
189,247 69
17,436 77
_
to
per
theU'.S
.0037
.0068
.CO! 3
660 00
.0056
1,405 36
.014
8,813,126 92
2.082
KINDS
OF
TREASURER OF THE UNITED STATES
& State S. tax’n
author''8. on
cap.
$321,344 61
.035
181,951 73
.038
266,377 07
.041
60
3,178,952
.0402
57
520,199
.025
821,586 61
.033
7,088,361 27
.0609
476,465 59
.042
1,520,305 44
.0392
426,3 5 36
.0337
83,881 29
.0236
18,615 39
.0161
62,270 47
.024*
98,423 72
.044
1,035,6:.2 66
.0461
479,169 89
.0371
653,323 24
.0476
179,850 97
.0354
76
138,594
.0471
194,630 61
.0487
6^,654 68
.033
1H,030 31
.043
322,389 46
.034
77,282 78
.027
80,434 62
.041
55,935 86
.043
17,749 06
.0709
11,316 72
.0323
.029
46,895 21
14,193 02
.0243
12,592 01
.027
1,623 86
.024
9,014 70
.0156
37
7,096
.0-355
2,984 42
.0198
1,397 31
.0189
1,884 01
.0187
18,338,734 23
UNITED
TO
OF
SEPTEMBER, 1868.
THE
41
Coupon
“
“
44
44
“
44
“
“
Registered
“
Coupon
“
-piph
.
a
RE¬
3QTH
,
Description of securities.
Registeredibonds—Act of June 14,1858...*
“
4.332
STATES BONDS
SECURE
DEMPTION OF THE CIRCULATING NOTES OF
NATIONAL BANKS ON THE
DAY
US.&
State
taxation.
$141,225
93,178
025
014
.021
.027
.0276
.0429
.0277
.025
.0155
.0175
.0241
.0119
02S7
.0125
.0083
.0047
Total am’c Rate
of tax’s p’d p.o. of
ct. of
auiher’ <*.
STATEMENT SHOWING THE AMOUNTS AND
$17,759,050
752 00
1,284 00
Carolina,
64
83
144,163 50
.0202 1,562,128 10
.015
195,355 32
.017
887,146 26
.0261 4,058,706 11
.022
223,106 28
.0247
278,268 04
.0206
166,054 11
.0228
1,260 61
.0133
3,285 94
.0193
13,925 66
.021
51,457 38
.0229
520,951 20
.0216
200,372 29
.0276
231,917 00
.022
68,061 41
.0261
62,011 51
.0266
88,281 27
.02
29,522 20
50
9,525,607 81
“
13,486
3,991
.02
.019
.019
324,844 25
434,440 35
60
24
26
25
34
43
23
133,141 77
59,816 01
52,459 82
35,894 28
10,734 67
9,701 72
40,844 75
9,048 71
8,762 52
1,623 86
6,865 36
5,745 38
1,6.87 42
837 31
478 65
Kansas
Missouri
2,182,967
15,582
60
88.772 90
122,213 57
278,797
321,406
111,789
76,583
106,349
89,132
10,229
Michigan
Wisconsin....
44,386,440
267,350
$180,119
514.681 46
Indiana
Illinois
2,219,322
36,355
337,925
00
Amount of United
taxes paid
States
U. States. tajat’n.
3,022,662
.
Montana
Idaho
727,160
220
85
76
Mississippi, (2,)
Pennsylvania. 1,242,037
Maryland..
260.261
...
1,423,590
86
52
75
71
72
54
71
MasBachus’s.. 1,616,824
R. Island
77,735,550
7,773,555
One Hundreds.
Five Hundreds.
Vermont
Texas
Arkansas
Utah
17,25ft
Outstanding.
Issued!
Redeemed
$115,533,640
$79,159,140
.r [355,181
—
Issued'
Redeemed
5,809,968
7,915,914
142,359
Fifties.
Outstanding
*
113,122,980
Twenties.
Issued
Redeemed
146,352
122,624,596
rIens.
Issued
Redeemed
$5,956,320
69
90
1C 2
00
00
00
00
1,909 00
150,000 00
100,000 00
100,000 90
Rate per Amount of
cent of
taxes paid
Iowa
Outstanding.
254,754
lU'OS.
Redeemed
Issued
Redeemed
$8,896,576
2,153
2,477
1,268
3,659
in all five banks,
(2,) and Nevada, (lf)
not having reported, are not
included in above.
STATEMENT SHOWING THE
AMOUNT AND RATE OF TAXATION
(UNITED
AND
STATE), OF THE NATIONAL BANKING ASSOCIATIONS FOR THE STATES
YEAR
ENDING DECEMBER
31, 1867.
Ohio
8,896,676
16
422,804,666 00 1,755,283 3,351,004,665 08
Virginia
W. Virginia..
Notes.
Issued
Redeemed
Issued
60
00
2,500.i 00 0)
2,216.400 00
583,300 00
1,700,000 00
500,060 00
576,450 Oi)
200,000 00
2,885,000 CO
2,100, COO 00
22,404,700 00
12,167,000 00
11,620,000 00
5,007,010 00
2,935,000 00
1,660,000 00
3,992,000 00
7,559,300 00
400,000 00
250.000 00
100,000 00
350,000 00
Note.—The banks in
■
61,200
Ones.
Issued...
12,590,202
1,350,000
3G,S75
U
The following statement exhibits the
number and amount of notes
redeemed and
issued,
outstanding, October 5, 1868:
Outstanding
1,428,185 00
1,300,000
54,200
53,372 00 i 90,000
392,562,183
27,058
67,036,311 10
83,200
105,467.506 81
545,322 1,668,141,362 30
111,830
84,098,828 11
274,182
352,138,245 20
13,439
10,258,133 14
45,396
59,094,941 92
7,814
4,689,302 09
23,667
18,757,303 36
9,363
7,810,086 91
4,169
3,967,136 21
8,174
18,156,271 47
728
1,6:38,463 50
851
1,615,071 89
1.765
1,795,7S2 11
7,114
11,427^829 62
7,810
14,116,503 32
75,454
147,287,568 46
43,880
48,674,671 07
65,395
105,645,384 90
35,518
33,606,901 10
30,279
22,491,388 40
13,810
9,906,349 58
29,008
21,785,700 45
14,669
39,660,096 85
1,650
1,471,809 63
3,251
2,737,775 ?6
2 831 00
Terrlt’/
Territory...
Montana Teriit’y
Idaho Territory..
Total
123,500
182,300
1.482 00
2,837 00
Colorado
Louisiana
0,503
79,932,000 00
20,364,800 00
24,584,220 00
116,494,941 00
11,333,350 CO
60,277,795 CO
96,327 19
11,322,588 36
Oregon
20,970
130,000
Av. time
Number of Aggregate
Av. amo’t of each
distinct loans amount of of
each loan loan and
& discounts, l’ns & disc. &
di-count. dis.-days
$9,085,000 OO
37,838
$50,703,349 37 $1,340 00
95
•4,735,000 00
13,329
11,030,942 20
827 00
95
6,510,012 60
30,652
19,085,570 80
623 00
Capital.
178,659 31
.
Utah
50,000
3.0,000
50,000
685,000
Kansas
Nebraska
out-
MADE BY NATIONAL BANK
1867-
1,715,399 94
692,275 30
240,646 00
Missouri..
Circulation
ASSOCIATIONS,
1,755
Iowa
OCTOBER, 1808.
Capital. deposit, of bonds. livered. deemed.
The First National Bank
of Attica. N.Y
$50,000 .$
: $44,000 00 $44,000 $32,750
The Venango National
Volume.)
252
Wisconsin
Minneseta
CIR¬
STATES, AND
$2d9,800,565
49
91
50
70
74
65
65
62
66
74
72
55
70
72
89
90
60
55
60
...
bonds
$299,806,110
por¬
showing the lawful money reserves of the
year, they having already
appeared in the
STATEMENT OF CAPITAL
LOANS AND DISCOUNTS
....
realized Circula- Circulafrom sale tion do- tion re-
destroyed,
455
banks each
quarter of the
Chronicle. See page 712 of this
87,500
....
omit tables
Slates and
C., James C. Kennedy,
receiver.
The First National Bank of
Territories.
Medina, New York, Edwin P. Healey, receiver.
The Tennessee National
Bank of Memphis,
receiver.
Tennessee, William A H 11, Maine
New Hampshire.
The First National Bank of
Newton, NewtOLville, Massachusetts, Dland Jones, receiverG
Way- Vermont
The F ret National Bank of
Massachusetts...
Rhode Is'and
The First National Bank of Selma, Alabama, Cornelius Cadle, jr., receiver.
New Orleans,
Louisiana, Charles Case, receiver. Connecticut
The National Unadilla
Bank, Unadilla, New York, Lewis
The Farmers and Citizens’
Kingsley, receiver. New York
National Bank of
A. Platt, receiver
Brooklyn, New York, Frederick New Jersey
The Croton National Bank of
Pennsylvania
the city of New
York, C. P Bailey, receiver. Delaware.. "...
The National Bank of
Vicksburg, Mississippi, Edwin F. Brown, receiver.
The F'rst National Bank of
Maryland
Dist. of Columbia
The First National Bank of Keokuk, Iowa, II. W. Sample, receiver.
Bethel, Connecticut, E. S. Tweedy, receiver.
The atfairs of the First National
Virginia
Bank 01 Attica have been
a dividend
finally closed, and We-t Virginia
paid to the creditors of
forty-eight per cent.
North Carolina
The affairs ot the First
National Baik of Newton ba'e
been finally closed.
The government claims were
Georgia
paid in full, and a dividend of
to the general creditors
forty per cent paid Alabama
Texas
A partial dividend has been
declared to the creditors of the
Arkansas
Citizens’ National Bank of
Farmers and
Biooklyn, New York, of fifty-five per cent, and to Kentucky
the creditors of the Croton National
Bank of the city of New
'i ennessec
York of fifty per
cent upon all claims
approved or adjudicated.
Ohio
Indiana
STATEMENT SHOWING THE NATIONAL
BANKS IN THE HANDS OF
Illinois
THEIR CAPITAL,
RECEIVERS,
AMOUNT OF UNITED STATES
BONDS DEPOSITED TO
SECURE
Michigan
CIRCULATION, AMOUNT OF CIRCULATION
U. S.
2,900,000
1,846,000
89,500
....
Legal Tenders
on
deposit,
$4,746,000
the first Monday of
on
outstanding, iost or
The First National Bank of
The Venango National Dank Att'ca, New York, LeonidaS Doty, receiver.
of Franklin,
Pennsylvania, Harvey Henderson,
receiver.
The Merchants1 National Bank
of Washington, D.
DAY OF
1$6
2,goo
Add for fragments of
notes
tions of which have
been redeemed
$S8,100
NATIONAL BANKS Wmcn HAVE
FAILED TO REDEEM THEIR
CIRCULATING
NOTES, AND FOR WHICH RECEIVERS HAVE
BEEN APPOINTED.
DELIVERED, THE
CULATION REDEEMED AT THE
TREASURY OF TIIE UNITED
AMOUNT OUTSTANDING ON THE 1ST
4 74fi
.’/.i..: “i:::
Outstanding...
Total of all
ing.
500
One thousands.
Issued
OirCircuculation lation
Circula¬ return’d outtion i e- anddes- stand-
100,000
Moines, Iowa...
753
PUR¬
AND CIRCU¬
Capital. deposit. livored. troyed.
$100,000 $100,000 $89,500 $1,400
The First National Bank of
Down-
CHRONICLE,
Amounts.
22,1860
R
8,1861
March 2,1861
Acts of July 17 and August
5, 1861
“
“
17 “
“
5, 1861
Coupon bonds—Acts of Feb. 25,1862
3,487,000
16,000
58,611,000
9,000
THE CHRONICLE.
754
“
Coupon
Registered
“
become a stockholder in proportion.to its surplus fun^, a bank with a
capital of from ten to fifteen or twenty millions could be established,
10,000 which w uld become the
redeeming agency i f the whole country, and
88,045,60)
the
34,142 OoO
Registered bonda-Act of March 3,1S6S
*•
“
[December 12, 1868.
3, 1864, 5 per cent
3.
5
“
June 30,1864
Acts of July 1,1862, and July 2,1864
Act of March 3, 1864, 6 per cent
“
“
3, 1865, first series
“
clearing-house of all national bink notes in circulation. It wou’d
9,263,000
3,603,oOO be owned, controlled, and managed by the tanks themselves for the;r
27,2x8,100 benefit, and in their interest. It should have one department dev ted
3, 1865, second series
10,714,100
3, 1865, third series
2,287,550 exclusively to redemptions and exchanges of curiency, and another
3, 1865, fourth series
185,600 department devoted to a general banking busin ss. The latter depart¬
ment could be made to pay all the ex enses of the redemptions and
Tot'il
$342,019,050
exchanges, and yield a revenue to the stockholders in addition, which
would be so much interest on their surplus funds thus invested,
8ueh
REPORTS.
an institution would
prove of incalculable benefit to the banking, com
The national currency act requires every association to make a
mercial and industrial interests of the country.
It would place the
report, exhibiting in detail its resources and liabilities on the first Mon¬ bank circulation of the
country at once upon the soundest footing, and
day of January, April, July and October, of each year. In addition to demonstrate
practic illy the fact that the banks stand ready to make
this, every association is required on the first Tuesday of each month to
their issues not only redeemable, but actually convertible at all times
make a statement, exhibiting the average amouot of loans and dis¬
in the great markets of the Union.
counts, specie ana other lawful money < eposits, and circulation ; and
Moreover, such an agency, by becoming a pla^e of deposit for that
banks not located in the cities named in section 81 of the act are re¬
portion of the reserves kept in New York, would remedy the evils ad¬
quired also to return the amount due them available for the redemption verted to in
my last report, growing out of the payment of interest on
of their ciicffiation.
the balances of the country banks, and their consequent use by the
The quarterly reports, coming, as they do, upon a certain specified
N; w York City banks.
The reserves, instead of being lomsd on call
day, known in advance, and fur which the amplest preparation may be to
speculators and brokers, as is largely done at present, would be hel 1
made, can hardly be expected to present the ac’ual working condition
of the banks.
They are, < f course, careful to exhibit the full amount of exactly where they would be needed, and would be applied to just the
purpose for which they were
reserve
required, and otherwise a full compliance with all the important and at all times available asinten led. They would be actual rese. ves,
such ; thus adding to the safety and the
provisions of the law. But it is in the large cities, especially in New credit cf the currency of the country, and carrying into prac’.ical ope"York, that this plan proves most objectionable. Gold and stock ep cu- ation
the spirit and inteut of the law on this subject.
lators, knowing that at certain tune the banks will make it a point to
This suggestion is earnestly commended to the considerati on of Con¬
Lave a full supply of lawful money in their vaults, get up combinations
for the purpose of producing a scarcity of legal-tender notes, and a gress, as tending to reconcile the interests of all sections on the ques¬
tion of redemptions.
stringent money market, so as to depress the market for government,
THE PERIODICAL STRINGENCY IN NEW YORK CITY.
State, railroad, and other securities. National banks, held firmly to
the requirements of the law, are seriously embarrassed by such trickery.
A careful study of the bank statements of New York taken separate'
Their necessities compel them to have the lawful money at any hazard.
ly, and the application of the facts so obtained to the a,gregate
Besides the damage resulting from an unnecessary and forced depres¬ statement or abstract of the wlioie, affords valuable and instructive
sion of public securities, regular commercial transactions are impeded,
information.
The abstract shows the total of loans to be $163,634,000.
suspended, or forced to be • arried on at ruioous rates, owing to the
artificial stringency thus produced.
An examination of the statements in detail seows the character of
It is becoming more manifest, as
one
quarter succeeds another, that the evil ia becoming more and more the loan to ba substantially as fol'ows :
intolerable.
Honest industry, regular trade, and legitimate business of Commercial or business
paper
$90,000,000
< very kind, which depend
upon the banks for their usual facilities, are Demand loans
68,500,' 0 >
*.
3,500,060
subjected to great inconvenience, hardship, and loss, through the abuses Accommodation loans
Suspended loans
“
“
“
.
“
“
“
....
thus practiced.
This state of
I,5i0,0u0
things calls for
a
prompt and efficient remedy.
This
may be found in an amendment ,to section 34 of the act, authorizing
the Comptroller of the Currency to call upon the banks for five detailed
statements or reports during each year, fixing upon some day that is
past for the date of the report. In this way the con Jition of the banks
may be ascertained at irregular intervals,without previous preparation
on their
pari; and the precise period when the reports will be called for
being unknown to the public, outside operators will be prevented from
conspiring against the banks arid the honest trade of the country.
This subject is commended to the early attention of Congress.
BANKS IN
VOLUNTARY
LIQUIDATION.
Total.
163,5:J0,(X0
Nine
sixteenths, or rather more than half the loan, is legitimate bus*
paper ; the balance is upon call, or for accommodation,
l he amount
loaned on call for commercial purp ses is not stated ; but reliable infor¬
mation leads to the belief that it n very small.
The customs and
necessities of trade are of such a character as to preclude loans of this
ness
kind.
The merchant,, w.th his
capital invested in trade, must know
wheu his liabilities are to mature, in order that he may be prepared to
meet them.
It would be unsafe for him to use money in his business
which he i9 liable to be e tiled on to pay at any moment.
Consequently,
merchants and others in business where the profits are regular and legiti¬
provides that any association may go mate, yielding a fair return to ?kill and industry, cannot afford to borrow
be closed by a vote of shareholders owning two- money on call. Dealers in monev, stocks and gold constitute almost
that due notice of such action shall be published, the only class of business men whose transactions arc of such a nature
as to make call loans desirable or
&c. * and at any time after the expiration of one year from the publica¬
profitable ; and it is scarcely possible
tion of such notice, the said association may pay over to the Treasurer to avoid the inference that nearly one-half of the available resources of
the national banks in the city oi New York aie used in the operations
of the United States the amount of its outstanding botes in lawful
of the stock and gold exchange ; that they are loaned upon the securit)
money of the United States, and take up the bonds which it has on
dep sit with the Treasurer a9 security for bucIi circulating notes— of stockn which are bought and sold largely on speculation, an 1 whicl
are
manipulated by cliques and and combinations, accor Aug as the bulls
leaving it optional with the bank or its representatives to take up the
or bears are, for the moment, in ihe
ascendancy.
bonds, or not.
In addition to tt ie direct loan of $70,000,<;00, they furnish facilities
Under this provision a bank may go into liquidation, pay
by
off its
depositors and other creditors, do no busiuess, have no existence as a means of certified checks to the same class of operators to an amount
bank of disoount and deposit, and yet reap all the benefits of a circula¬
ranging from $110,000,010 to $120,000,’ 00 daily, (on the 5th of October
the amount was $1 12,800,000), and these checks are made to swell the
tion guarantied by the government.
In some cases the ownership has
amount of individual deposits. They are credited to depositors as
been concentrated in the hands of two or three individuals, who con
money,
and are circulated and treated as money by the banks and by
tinue to do business as private bankers, avoid taxation, evade the re¬
their cus¬
quirements of the currency act, and still retain the moat profitable tomers; yet, when ascertaining the amount of deposits upon which they
must hold a reserve, or upon which they must pay taxes, the banks
feature of a nati nal bank.
To correct abuse of this kind, it is suggested that national
banking invariably deduct all such checks on hand. For instance, on ths 1st
associations which go into voluntary liquidation be required to provide Monday of October they reported:
for their outstanding circulation in lawful money, and take
up their Individual deposits
$524,170,00°
bonds within three or six months ; in default of wiicb, the Comptroller But deducting check4 on haiid
.
.—
1 2,800,00°
shall have power to sell their bond* at public auction in New York
They had actual deposits ol
$Iil,8JftCOO*
City, and, after paying to the Treasurer the amount of the outstanding
Taking the call loans and the certified checks toge'her,the somewha
circulation of the bank in lawful money, to pay over any excess realized
startling fact is developed, that the New York National Banks furnish
from the sale of the bonds to the association cr its legal
representatives.
$70,000,000 vf capital an t $112,000,000 of credit for speculation.
Banks that are winding up for the purpose of
consolidating with other
The use of certified checks is a direct inflation to that extent; which
banks, or for the purpose of reorganizing at some other aud more de¬
stimulates the stock market, and keeps the price of a large class of
sirable points, fchould be excepted from the l'ore .oing requirements.
miscellaneous securi ies much above their actual value, so that the mar¬
A CENTRAL REDEEMING AGENCY.
ket is feverish and fluctuating, and a slight stringency
reduces the prices.
The opinion was expressed in the last annual report from this office
Taking advantage of an active demand for money to move the crops,
that it was important that a system of redemptions for national bank west and south, shrewd
operators form their combinations to depress
notes should be established as eany as practicable,
by means cf which the market by locking up” money—withdrawing all they can control
they should be made convertible into the liwful money of the country, or borrow from the common fund : money becomes scarco, the rate of
whether it be paper or gold, at the principal centre of trade.
Without interest advances, and stocks - decline. The legitimate demand for
repeating the argument then made, the conviction is again expressed money continues; and, fearful of trenching on their reserve, the banks
that oniy by rigi I, unfailing re emptions at a central
point can the are straitened for means. They dare not call in their demand loans, for
ban currency of the country be kept at a uniform par value.
that would compel their customers to sell securities on a
falling market,
A prevalent objection to this doctrine is, that it wouli re der the
which would make matters worse.
Habitually lending their means to
country banks tributary to New York. While there is strong reason to the utmost limit of prudence, and their credit much beyond that limit,
believe this objection would prove to be unfounded,
yet it may be to brokers and speculators, they are powerless to afford relief. Their
entirely removed by authorizing the national banks of the country to customers, by the force of circumstances, become their masters. The
take the whole matter into tiieir own hands.
If Congress should pro¬
banks cannot hold back or withdraw from the dilemma in which their
vide by law for the organization of a national bank in New York
mode of doing business has
City,
placed them. They must carry the load to
without circulation, in which every national bank should be
required to save their margins. A panic, which should greatly reduce the price of
Section 42 of the currency act
into liquidation and
thirds of its stock ;
v
December 12, 1868.]
THE
CHRONICLE.
securities, would occasion serious if not fatal results to the banks
moat
extensively engaged in such operations, and would produce a feeling
of
insecurity which would be very dangerous to the entire banking interest
of the cour
try.
The fact that a
banking interest with capital and surplus
0 0,0(0 can
be, and has been repeatedly placed at the mercy of $100,of a
shrewd, though bold and unscrupulous men, is evidence of some few
in¬
herent
Tho banks contract their
loans, and murmurs are heard of
The crops
stringency.
require all the money in the country to
Wall street demands its
pay for them ; but
share, insisting, and not without
i;he banks
reason, that
encouraged its speculative operations by
tendering
and now to withdraw the
upon fictitious
8d. The payment
on
demand,
of interest
must be loaned
cn
The
on
bank
balances; which, being payable
call in order to avoid loss.
accustomed
ruinous to its interests.
ations of their
The banks, interested so
cannot afford to call in their
off supplies; their own
loans, or to cut
safety is at stake, and they mu t carry their
customers through, or suffer with
them the consequences of a
dangerous
customers,
convulsion, possibly of
This is
a
fatal collapse.
substantially the history of a panic under the present order of
things. J'ossibly it might be prevented
by a proper conservatism exer¬
cised in peason ; but
prudence is not the most
distinguishing trait of the
times. The importannt
question, therefore, is how to relieve the
lie ? There is not
pub
on
capital.
mea^s in
support will be
largely in the oper¬
abundance,
defect in its management, and the
foregoing statement may
serve in seme
degree to show where the error lies :
1st. In demand or call losns to brokers
and speculators, on collateral
security, by whi'h nearly one-half the active resources of the banks are
used directly to foster and
promote speculative operations.
2d. Certified checks or loans of
credit to the same class of men
whereby stocks are inflated and immense operations are carried
daily
755
money enough in the country to meet all the demands
suspicion that a financial institution is unable to
respond
demands, is almcst fatal to its stability ; aud when
confidence is
unsettled, judgment loses its sway, and
unreasoning parric follows.
at once.
to all
A
necessity for making call leans is, in part,
large fund, belonging to country banks, is held owing to the fact that
by the
banks, subject to the payment of interest. Tlrs fund New York City
is liable to ne
THE REMEDY.
demanded at any lime. But,
bearing interest, it cannot be suffered to
lie
unemployed, and so ?nust bj loaned on call. It maybe
If the
Treisury of the United States could hold in
merely a
coincidence ; but m the first M
of October, the bv k deposits held amount of legal tender notes in excess of the amount oireserve a certain
nday
by the New York City banks were $68,529,417, and the call
lar circulation, to be advanced
money in r guto
loans re¬
banking institutions at a specified rate
ported were $68,r00,000. These loans, as before
i f interest
upon the deposit of United States bonds as
stated, are made to
collateral s curibrokers, stork and gold operators, on collateral
security, and constitute ty, a source of relief would be estab ished which would
a
large portion of the capital used in speculation.
vent a
effectually pre¬
monetary pressure from being carried to any rumens
Thus, by a vicious
practice, tbe reserve fund of the
extent.
This
a
country is handed over to the tender
purlieus.
0,000 so absorbed, a fictitious
capital of
$120,000,000 is created by mei ns of cert fied checks,
which, by an
ingenious arrangement, af.er being traded on the
etreet, are finally
traded back to the banks that issue
them, without materially increasing
or
diminishing the cash deposits.
Many of the largest and best
managed national banks in New York deprecate
the practice herein
set forth, and look with
anxiety and alarm toward the final issue; but
they are all involved in the danger. The failure of one or
more insti¬
tutions, through reckless management, would
endanger the whole.
If .all bankers were wise and
prudent, m law would be required to
restrain them ; but
they are in the position of trustees—trustees for
their stockholders, trustees for their
depositors, and trustees for the
public. If they habitually engage in
practices dangerous to stock¬
holders, depositors and the public, the law
may be invoked to provide
a
remedy. It is not becoming that institutions
organized under an
act of Congress for the
public good, should i o far pervert their cor¬
porate powers and privileges as to work
detriment to the public
interests.
If they regard
legislative interference as arbitrary and
tyrannical, they may have the option of
conforming to the
ments of law, or of
withdrawing from a system to which theyrequire¬
and no
strength.
A return to specie
payments would be the best
remedy
lation ; as every
departure from specie value is the signal andfor specu¬
incentive
for its rise and reign.
As a present corrective,
however, it is recom¬
mended that national banks be
prohibited by law from
on bank
balances, and also from certifying checks to be paying interest
g iod which are
not drawn against
actually existing cash deposits standing to the ere
it
of the
mercies of Wall street and its
Not content with the $70,oi
diawer when the checks
are
made and presented.
proposition is not anomalous or without
precedent. In time of
pressure, the Bank of England has been authorized
by the Chan¬
cellor of the
Exchequer to issue its notes in excess of the limitations
prescribed in its charter. This was done in
violation,or
ity, of law, upon the pledge by thss Government of an without author¬
act of
In our government no
indemnity.
power to make euch pledges exi ts
; and, there¬
fore, any extraordinary provision of the character
suggested must be
authorized
severe
The
by law.
measure
is
one
of relief
an
1
protection to the
interests of the
public at large, and therefore justifiable. If the
consequences of over¬
trading, speculation, aud otherwise reckless conduct could
to the
parties
well be left t
are
in
which
or
>
institutions
their
so
overtrading
own resources
;
no
be coDfiued
speculating, they might
or
but immense interests
SrECIE
PAYMENTS.
The
subject of specie payments natmally comes
up whenever the
discussed, and much ingenuity has been
exercised
devising plans for an early resumption.
The principle obstacle to
specie payments may be found in the stat
currency question is
in
ment of the
public debt of the United States
1868, under the head of “ Debt bearing no
for the 1st of
interest,”
Uoited States ? otes
Fractio a! currency
as
time, and that
of Government notes
October,
folLws:
$3-6 021,073 00
32,933,614 17
Making together
that the troubles to which the
banking interest is liable are caused primarily
by the disregard <f
sound principles on the part of the banks
themselves, it is never heless
true that
th<*y do recur from time to
involved
legislation.
PANICS
Notwithstanding the fact, however,
are
way responsible for the trouble. A financial
panic
generally extends to commercial circles, and in several
instances has
damaged the t ade and industry of the
country to such an extent that
its effects have been felt for
years.
Any measure that would mitigate
or prevent such
calamities would be a measure of
national impoitauce
anil a proper
subject for C n^ressional
383,954,687
circulating
as money, an
17
l
place of gold and silver by being made “ a legal designed to take the
tender
public and private, except duties on imports” and interest for all debts
oa the bcv;d *
ed debt.
As long as tbe
people prefer an inferior
wide-spread disaster—disaster reaching they are usua ly because irredeemable and inconvertible except at a currency—inferior
far beyond the they will
heavy discount
immediate circle in which the trouble
it
originated, and extending into ever the have to the entire exclusion of the precious metals. When
eve'y branch of trade, and into every sect on of the
people conclude that it is more economical to
ihe
of
cruse
conduct the
bus:country.
of the country on a
specie basis, they can ordain
abundant, the temptation is very great to fiud
by making provision through their representatives in specie payments
employment for it as much as possible ; and
though the
Congress for the
great extension is palpable, and has been demonstrated danger of too payment or withdrawal of the present
depreciated paper
by experience, issued and kept in circulation
yet the majority of bankers are prone to
currency
by the Government. And whenever the
go on, carrying full sail, uatil
people wish to restore the credit of the nation,
they findTbemselves in the breakers,
they can do it
repeating the same
through
suffering the same retributions which they themselves, mistakes and their representatives in Congress by removing the only
or their
that stands in the
embarrassment
decessors, have before made and suffered. The
pre¬
way—by directing that provision shall be made for
facts must
they are found to exist. Panics come ; and while it wouldbe taken as the payment of a floating indebtedness amounting to
be wise to
$3S3,000,00 \ con¬
learn lessons of wisdom
sisting of
When
rence,
panics
the fact that
as
ness
money is
long
established
we
from experience, so as to
avoid their recur¬
and will probably continue to
be, liable to
are,
as men make
mistakes,
c r
act in reckless
principles, should be duly considered.
disregard of
Recognizing
promises to pay that are never paid—and so
establish the
fat that the United States is a
solvent debtor, able and
willing to pay
every debt as it becomes due. Specie
payments and the restoration of
public credit are within the reach, and depend
upon the will, of the
this people of the United States.
fact, it may not be without profit to ascertain the
nature of the trouble
prevails in a time of financial pressure.
FREE BANKING.
If banks
habitually lend ?• 11 their available mean when times
are
Whenever Congress sha 1
easy, or when there is no extraneous demand for
inaugurate measures looking to the
money, it is evident ciation of United S ates n tes to a
that when an extia demand
appre¬
arises, it can be met only by
goll
or
withdrawing measures will f robably be to diminish the standard,ofthe effect of ’such
calling in loans previously made. For instance,
volume
euch notes in cir¬
during the Summer
that
months there is but little demand
for
money
throughout the country
generally, be>on t the ordinary wants of
plus is accumulated in the large cities, legular trade, and a large sur¬
principally in New York. The
banks
culation.
order to
To what extent the reduction
would have to be
place them permanently on a specie basis, would at carrieJ in
mere matter of
present be
speculation. Doubtless a large amount
might be car¬
ip New York, with ther coffers full to
ried, with profit to the Government and with benefit
to the public.
ment for their
overflowing, seek employ¬
As soon as the effect of such
money, and loan freely as far as
measures becomes
they can find to rowers, grad lal approach of
apparent, by the
and at low rates. Their funds are
tnus absorbed, and to a
legal tender notes to s> par w.th gold, the-restric¬
considerable tions imposed
extent form the basis
upon the issue of circulating notes
upon which a large amount of business
by
is trans¬ b<;
acted.
Abundance of money at low rates
safely removed, provided the establishment of anational banks may
stimu'atcs and builds
central
certain kind of business, which
up a agency iu the city of New fork, at which all
redeeming
comes to
national bank notes are
depend upon the banks for its redeemable at
activity and support. Meantime the grain
par, shad be lequired by law.
crops of the vr est, and the res
Any incoi.veniejce
cotton crops of the
lting from a reduction of legal tenders
South, arc gathered, and are made
may thus be remedied, and
ment to market.
reaty for ship¬ the remedy will be in the l ands of the
Both are prime nece sities
to the
only competent judge of the
country a* large. necessities of the case—the business
They must go forward, aud money is required to
public of the United cstat e.
buy them and to move
them. The deo and is
Respectfully submitte I,
paramount and must be answered
H. R. Hulburd,
be met only by
; but it can
withdrawing money that has bee ) absorbed and become
Comptroller of the Currency.
the very life blood of a business
Hod. Hugh McCulloch,
built up and
supported by its use.
Secretary of the Treasury,
[December 12,1868
THE CHRONICLE.
756
COMMERCIAL AND MISCELLANEOUS NEWS.
Friday, December 11, 1868, P. M.
The Money Market.—The last bank statement indicated a fur¬
Exports for the Week.—The imports this week show
.'considerable decrease both in dry goods, and in general merchan¬
dise, the total being $4,899,237, agaiuet $5,82°,498 last week and
$8,657,865 the previous week. The exports are $4,020,901 this week,
against $4,269,207 last week, and $3,261,984 the previous week.
Imports
and
The exports cf ccttou Hie past week were 14,229 bales, against 18,531
bales last week. T he following are the imports at New York for
week ending (for dry goods) Dec. 4, and fur the week ending (fer
general merchandise) Dec. 5 :
FOREIGN IMPORTS AT NEW YORK FOR
1867.
1858.
[ $471,SS6
3,1'9,605
$1,432,830
3,190,' 52
1,715,296
3,917,729
$5,143,629
199,803,696
$4,628,282
265.962,871
$2,187,172
22-1,078,7.7
$.4,ft99.237
228,103,117
.$195,542,325
$270,594,153
$226,265,919
$233,002,354
Dry goods
$1.9:)4.024
.
General merchandise.
..
Total for the week..
.
Previously reported...
Since Jan. 1
In
THE WEEK,
1866.
1865.
..
$981,508
-
report of the dry-goods trade will be found the imports of dry
our
goods for
week later.
one
following is a statement of the exports (exclusive of specie)from
the port of New Y'ork to foreign ports, for the week ending Dec. 8 :
The
EXTORTS FROM NEW YORK FOR THE WEEK.
38G6.
1865.
18SP.
$3,101,410
$4,628,013
360,805,868
175,383,922
175,0c0,821
$4,920,001
152,871,364
$166,423,887
Previously reported
Since dan
1867.
$4,618,019
$178,485,838
$179,678,834
$156,892,265
For tho week....
1
exports from this port to different countries (exclusive
of specie) for the past week, and since January 1, compared with the
corresponding time of last year, is shown in the following table:
The value of
■1868.
.
This week. Since Jan. 1.
To
Great Britain
France
29,217
174,7^0
S10,573
....
Holland and Belgium....
Germany
Other Northern Europe
•
•
•
•
•
Other Southern Europe.
East Indies
China and Japan
$2,545,248
4,812,403
16,662,751
1,616,768
2,076,780
5,8' i(),104
101,629
3,310,589
95,089
9,763,240
6,092.449
191,149
19.40(1,013
•
Australia
British N A Colonics
£ 8.708
.
.
....
69,065
2.284,290
17,352
Cuba..
4,318,302
0 772,9(18
1,335.861
7,634 52l
1,681,702
4,366,868
85,6-iU
650,815
37,020
183,515
38,281
46,540
1,259.931
3,349,596
8,440,307
1,396,211
90,465
..
61,372
•.
Hayti
182,519
Other West Indies
Mexico
New Granada.
3.707
Venezuela
British Guiana
Brazil
OtherS. American ports
All other ports
-.
Week.
^$74,112,587
8,3S0,493
7,525
Spain
3867.-Since Jan.l.
,
$96,844,402
342,078
•
.
•
1,385,116
1,410.002
0,006,865
•
18.499
270,158
$2,900,000. lower,
also of bank cur
The deposits showed an increase of $2,400,000, arising from
ther outflow of currency, the legal tenders being
while it is to be presumed that there was a loss
rency.
an addition to the loans of $5,100,000.
part attributable to ’ investments by the banks in U. S.
bonds, which they reckon as part of their loans. The statement
show d a reduction in the legal tender surplus of about $1,400,000 i
which, following a loss of about $3,500/00 the week previous, was"
not a favorable showing.
It is quite probable that to-morrow’s statement will show a far
flier less of legal tenders ; for the banks have been shipping con¬
was
2,080.010
2,073,803
3,701,431
5,662,981
1,330,44(1,
6,896.205
147,512
144,70S
91,S90
3,950
35,863
47,412
15,847
182,314
2,019,470
2,901,47a
in
week. The late exces¬
the forwarding of pro¬
duce from the interior; and now that the loan market has became
easier, there is a very brisk demand from the interior, which would
otherwise have come earlier. The demand connected with the pork
crop is quite active, aud is causing currency to be sent freely to
Cincinnati and Chicago, and remittances are made even to Milwau¬
kee The^Southwestern cities also are drawing moderate amounts
from their correspondents hero. At the Southern ports, generally,
exchange rules ugainst New York, and considerable amounts both
of currency anu gold are being sent there, the gold being mainly
destined for Texas, where the planters appear to have little confi¬
dence in greenbacks.
The Treasury ha3 been calling in funds from
the Government depo itories, both in the West and at New York,
which has taken a moderate amount of money from the banks with¬
siderable amounts of currency through the
sive stringency in money checked severely
in the week.
11.33 [
121.102
37' ,497
The addition to the loans
.
apparent in an increased
advance of the rate on call loans to 7 per
At the close of to-day there was a very active demand, and
parties are said to have found difficulty in making up their
The result of these movements has been
activity in
cent
some
money
and
an
bank account.
679,72-)
.
,
Discounts at the
beginning of tin we k, were easy at 7@,8 per
prime paper ; at the close there was more difficulty in nego
3,505,70(|
642
0,110,% tiating paper, rates being strong at 7@9 per cent.
The following will show the exports of specie from the port of New
The following are the quotations for loans of various classes :
York for the week
.
.
1—St. Germania, London—
Mexican dollars...
1— St. Germania, Ilainb’g,
“
“
Silver bars...
D;c. 3—St. Union, Bremen,
..
U
1,200
American gold....
Total for the week
$134,240
Foreign silver
1,200
5—Brig Hermej, Laguayra,
American gold....
717
5—St. City of Boston, LivpT,
British gold
5,000
U
3,5C0
Foreign silver....
3—St. Union, Soutlia’n,
“
$230,432
69 123,964
Total since Jan. 1,1S6S
$69,354,390
I Same time In
$45,388,574 | 1859
Sametimein
1867
59,149,044
onKKOn
27,805,529
40,618,893
46.266,384
1306
1865
1»t>4
1863..;
1862.
1851
57,232,996
3,343,237
42,090,909
1860.
and
Interest
in
$08,4SO,43a
1858
1CK,r
25,016,787
40,950,607
I
1857
1856
1855
1854
1853
26,591,13?
1852.
21,3v9,02[)
OK
UfM
GO
35,391,38o
37,0^7,081
24.519,61 n
Gold.—The First Mortgage Fifty Year
Gent Sinking Fund Coupon Bonds of the Rockford, Rock
Company, principal and interest payable
in Gold Coin, free of Government tax, are for sale at the office of the
Company, No. 12 Wall street, at 97$ per cent and accrued interest in
Ssven per
Island and St. Louis Railroad
currency.
Pamphlets giving fuller information may be had at the office.
Governments and other securities received in exchange at market
rates.
H. H. Boody,
bankers’
Treasurer
©alette.
DIVIDENDS.
The following
Dividend has been declared during the past week:
PER
NAME OF COMPANY.
CENT.
Railroads.
Little Miami
Cleveland & Toledo
Lake
hor
4%
Cape Mav & Millville
Penney vania
3
5
.
3
.
Pitt*. Ft. W ayne
..
& Ch icago
Fitchburg
Saco A Portsm’tb
Morris & Essex
Portland
2*
4
3
*7
WHEN
pay’ble
Dec 21
Jan 2
Jan 2
Dec 3
Nov 30
Jan 7
Jan 2
Dec 14
—
Telegraph.
WHERE PAYABLE
CompanvB Office
Company s Office
BOOKS CLOSED.
..
„
Jan 19.
Companys Office
Companys Office
Companys Office
Companys Office
Company s Office
Companys Office
Companys Office
Jan 19.
—
-
—
Jan
Woetern Union
2
Companys Office
Jan 21.
Jan
2
Companys Office
Dec 25.
Mtsceli aneo ns.
Union Truet
Company....
Callloans
Loans on bonds & mort..
Prime endorsed bills, 2
months
4
Percent.
7 @
,
.©7
7 @ 8
Percent.
Good endorsed bills, 3 &
4 months
do
single Dames
Lower grades
8 @10
9 @11
12 @15
United States Bonds.—Government securities have been dull
50,2GJ
Previously reported
Principal
cent for
ending Dec. 5, 1868:
Germania, Paris—
Silver bars
$34,315
Dec. 1—St.
s&j
1,06.5,885
2,895.So*
last quotations. A com¬
depress the market against
cau*es which, at this season, usually induces more or less firmness
The assembling of Congress has renewed the agitation respect¬
ing the remodelling of the form of the debt; and although no very
definite plans have so far been developed, yet as there is little to
guide opinion es to what may be the result of legislation on the
question, and as the probabilities are that a strong attempt will be
made to reduce the rate of interest, there is an inclination among
investors to postpone purchases of this class of securities, while the
same considerations make holders the more disposed to sell
The
activity in money has checked buying by the banks and financial
institutions, which usually at this season invest a portion of their
funds in bonds with a view to holding them until the Spring de¬
mand for money sets in. The activity in money at the West is
causing bonds to be thrown upon the market, and any surplus there
quickly finds its way here. Speculators and some of the dealers
avail themselves of this condition of things to break prices, in order
make a market in which to buy preparatory to the rise which usual¬
ly occurs in January under the demand for the employment of halfand, at the close, range
below
our
.
bination of influencc./has tended to
yearly interest and dividends. The suggestion in the President’s
message favoring the withholding of the interest on bonds for six¬
teen years, thereby creating a fund with which to pay the princi¬
pal, though regarded everywhere as utopian and denounced as
repudiatory, has yet had the effect of creating an uneasy feeling
among some
bondholders, especially as it gives an appearance of
moderation to the less violent schemes advocated by.other
semi-
repudiationists. By some it is regarded as foreshadowing a South¬
policy, of which Mr. Johnson emulates to be an exponent. In
sympathy with these influences the market closes weak,
The following are the closing prices of leading government
securities, compared with preceding weeks r
ern
December
12, 1868.]
THE CHRONICLE.
Oct. SO. Nov. 13. Nov. 20. Nov. 27. Dec. 4 Dec. 11.
115
114%
115%
U.
U.
U.
U.
U.
U.
S.6’8,1881 coup
112*
S. 5-20’s, 1862coup.... x.c.107%
S. 5-20’s, 1864
44
..x.C.106%
S.6-20’8,1865 44
..x.c.106%
S. 5 20’s,1865, July cpn
108%
8.5-20’s, 1867, coup.
108%
U. S. 5-20’s,
18b8,
“
“
108%
106%
106%
100%
109%
109%
103%
103%
...
..
..
....
110%
be
112%
107%
J07%
108
107%
110%
110%
110%
111
105%
107
106%
110%
110%
Monday,
110%
110%
110%
110%
110%
favor ot
105%
Friday,
135% 135% 136%
i.
insr.
Total
clearings.
Balances
*
Gold.
Currency.
,
136% 61,610,000 $1,980,717 $3,276,456
136% 12>,589,000 1,875,930 2,725,008
135% 56,758,000 1,664,355 1,873 682
135% 59,565,000 1,723,577 2,S97l703
10.... 136% 135% 136% 136 * 58,505.009 3,075,129 4,132,640
11.... 136% 135% 136% 135% 47,743,000 l,692,Sll
2,364,426
7.... 135% 133% 136%
8.... 136% 135% 136%
9
335% 135% 135%
...
44
Treasury have been
as
follows
:
Custom House.
Receipts.
Nov. 30
Dec. 1
“
$278,817 16
2
3
4
5
“
41
44
269,490
236,697
250,423
327,031
*
29
84
10
-Sub-Treasury
Payments.
$4,968,491 76
1,437,496 53
1,281,302 96
54
196,196 21
Deduct payments
during the week
Receipts.
$1,913,504 38
2,928,287
1,702,418
1,364,306
2,362,417
1,481,823
877,304 94
2,843,462 11
995,541 00
Total
$1,556,656 14
Balance in Sub-Treasury morning of Nov. 30
$12,4 3,599 32
88
30
00
31
31
$11,752,757 13
89,132,853 59
$100,885,610 72
12,403,599 32
....._
Balance on Saturday evening
Decrease during the week
$88,482,011 40
650,842 19
Total amount of Gold Certificates issued, $1,G14jOOO. Included
the receipts of customs were $88,000 in
gold, and $1,470,656
in Gold Certificates.
in
At the begini
.
,
,
,
ning of the week reports were circulated that the directors, at ,he
f the
annual meeting held on
.
Foreign Exchange.—The rates for sterling bills have advanced
upon the specie shipping point, prime bankers sight draffs
sight dral
'
to close
.
an
est.
135% 413,770,COO 12,643,569 17,269,975
134% 296,147,030 10,766,2:6 16,649,874
135%
The transactions for the week at the Custom House aod Sub-
The chief feature has been New York Central.
ke
est,
Current week..
335% 135% 136%
Previous week
134% 134% 135%
Jan. 1’GS, to date.... 133
132
150
Stocks are, perhaps, very generally dis¬
tributed on the street.
The larger operators, connected with the
management of the companies, are in the main holding compara¬
tively few stocks, and are, therefore, interested in prices going
lower, so as to afford them an opportunity of buying preparatory to
an upward movement in
the new year, when money is abundant.
The dragging,
insipid tone of the market thus resulting induces the
smaller speculative holders to
gradually sell out their slocks, with
the coosequ nee of a
steady fall in prices. The growing activity in
money encourages this selling process.
The market still feels the
effect of the recent
exposures of speculative management of roads
and of the numerous suits
against directors.
m
5..
44
“
Tuesday,
Wedn’day, “
Thursday, 44
higher prices.
Wednesday, would
ins:,
Saturday, Dec.
107%
special int rest of any influence at present committed in
no
*
110%
111%
lf 7%
I0S%
110%
Railroad and Miscellaneous Stocks.—The stock market has
been dull, and, on the whole,
weak, every stock on the list being
lower, and the range of decline being 1@5 per cent. There appears
to
Quotations.
Open-Low-High-Cl os-
r-
...
...
U. S.lO-lO’s,
757
^
extra dividend
U(j^
O
*
This quotation is $ above the rite for 60 days bills,
9
1
a
-*
"
°
’ ■
*
difference equal to 5$ per cent, for money at r
Lond >n. ,pK;a wide
This ro5'
difference has arisen from the fact that large amounts of
sight bills
have to be delivered this month and next in return for exchange
-
r
L
in either stock or cash, on which the
stock advanced to 127$.
the meeting
separated without
As
taking any action relative to the
dividend, the stock fell back to 123f, and closes dull at 124. borrowed against stocks during the late stringency in money, as a
rr,
means of
^oward the close, Erie has
exhibited more movement, advancing raa(je grmraising fuuds to carry stocks. Aoart from this, rate3 are
gy
comparative scarcity of cotton bills.
to-day from 38 to 4($. The rise is partially predicated on a rumor
The following are the closing quotations for the several classes
that the direction has retired
200,000 shares of the new stock, or of foreign bills,compared with those of the three last weeks '
Nov. 20.
upon an impression that if they have not
Nov. 27.
Dec. 4.
Dec. 11.
yet done so, they shortly London Comm’l.
@
....©
(@
@
will. The
do bkrs’ Ing
109%® 109%
Company has this week signed papers leasing the Atlan¬
109 @109%
109%® 109%
109%@ 109%.
do
do shrt.
.
.
_
.
~J
"
r -
”
"
--
•
-1--I
-
„
mr
—
tic and Great Weste
of the payment ol 30
n
....
109%® 110
Railroad for twelve years, upon
....
109%® 110
....
....
•
....
110%®
109%© 109%
....
5 17% @5.16%
condition Paris, long
5.17%@5.16% 5.1S%@5.17% 5.16%®5.15
do short
5.15 ©5.13% 5.15 @5.13% 5.16%@5.15
5.13%@5.1?%
per cent of the gross receipts of the leased Antwerp
5.18%®6.16% 5.20 @5 17% 5.20 @5.18% 5.18%@5.17%
road to the Atlantic and Great
Swiss
5.20 @5.17% 5.20 @5.18% 5.18%@5.17%
5.18%®5.6%
Western Company; or not less ihan
36 @
Hamburg
86 @
36 @
86 @ 36%
$1,800,000 per annum; the Erie
41
41
® 41%
41 @ 41%
41 @ 41%
@ 41%
Company engaging to keep the Amsterdam
Frankfort
40%@ 41
41 @ 41%
40% @ 41
40%@ 41
track, buildings and rolling stock in good
78 %© 78%
78%® 78%
repair. It also appears Bremen
7S%@ 79
78%@ 78%
Berlin
from a statement made
71%® 71%
H%® 71 %
71%@ 71%
71%@ 71%
by the President that the Erie Company is
New York City Banks.—The following statement shows the
building an extension which will give it a narrow guage connect on
condition of the Associated Banks ot New York
with
City for e wee
Chicago. These arrangements appear to be very generally ending at the commencement of b u sin ess
construed
....
'
UiU
i
•
....
•
~
x<ijsiw
^
_
-
«
on
the street
favorably to the prospects of
as
pany, and have increased the disposition to
The market closes dull and weak.
The following were the
closing quotations at the regular board
compared with those of the six preceding weeks:
Cumberland Coal
Quicksilver
Canton Co
Mariposa pref....
Pacific Mail
New York Central
Erie
Hudson River....
Reading
Mich. Southern..
Michigan Central
Clev. and Pittsb.
Clev. and Toledo.
Northwestern....
44
preferred
Rock Island
Fort Wayne
Dlinois Central
Ohio & Miss
Milw. & St. Paul.
44
44
..
Tol., Wab. &
prf
W’n
Oct. 30. Nov. 6. Nov. 13. Nov. 20. Nov.27. Dec.4.
23%
48%
22%
127
126
40%
137%
98%
80%
87%
102%
91%
91%
105%
113
145
31%
10 <%
100%
62%
34
20
35
•
•
'
•
•
45%
18%
40%
•
w
•
19%
112%
114%
35%
116%
120%
39%
124
120
94%
82%
115
82
.
81%
82
82%
102%
107%
101%
105%
142
•
•
.
•
•
51%
•
115%
124
43%
99%
86%
•
•
•
86%
93%
84%
86%
107%
109
142
28%
66%
29
67
30%
79
80%
56%
83%
57%
56%
The Gold Market.—The
tinues. On
22%
30
21
47
20
20%
•
96%
79
.
124
95%
81%
83%
98%
•
Dcct 11.
38
23%
23
39%
64
117%
126%
39
116
114%
128%
124
37%
129%
99%
90
39%
125%
96%
81%
119%
83%
128
9s%
88%
....
88;^
86%
99%
El %
...»
85
88%
109%
x.d.75%
10S%
112%
101
111%
•
•
88%
•
31%
70%
89%
59%
80%
67%
86%
63
t7%
55
steady upward tendency in gold
Saturday the price advanced to 136$
76%
105%
109%
143%
29%
82%
con¬
sensation
rumors of the death of
Napoleon, riots in Paris, and difficulty bt*
tween Russia and Turkey
; from this the price subsequently reacted,
and has since
ranged between 135^ and 136$, closing at 135$.
The advance of foreign
exchange to near the specie shipping rate
has induced a very
strong feeling among foreign bankers. The loss
upon
of bullion this week from the vaults of the Bank of
England and
the Bank of France is
regarded as foreshadowing a rise ol the rate
of discount in the Eurooean
money markets; which also has a ten¬
dency to encourage buying.
Cash gold is easier, loans having been
through the week at 4®7 per cent “ for carrying.”
The fluctuations in the
gold market, and the business at the Gold
Board during the week c]0^no with Friday,
are shown in the fol¬
lowing table :
made
-rr
i
jin^ ^cce
_
L
■AVERAGE AMOUNT OF
the Com¬
buy the stock.
,
Loans and
Banks.
New York
Manhattan
Merchants’
Mechanics
Union
America
Phoenix
Circulation.
Capital. Discounts. Specie.
$3,000,000 $8,578,474 $4,418,487 $881,973
'2,050.000 5,679,541
381,752
10,862
3,000,000 7,572,657
1,664,260
894,389
2,000,000 5,777,228
351,977
568,7:5
1,500,000 3,939,554
124,676 418,890
3,000,000
7,101,451
1,281,438
1,730
I.HOO.jOO 4,060,803
874,566 540,000
City
1,000,000
4,484,414'
507.571
Tradesmen’s
1,000,000 2,953,751
20,915
747,373
Fulton
000,000 2,191,ISO
120.572
Chemical
300,000 6,602,227
S30,871
Merchants’ Exchange.... 1,235,000
3,478,160
39,463
451,506
National
1 500,000
2,900,460
175,489
495,055
Butchers’
2,389.80 i
800,000
48,600
2(33,800
Mechanics and Traders’.
600,000
2,018,096
19,8fc8
195,720
Greenwich
200,000
872.268
3,.‘360
Leather Manuf. National
600,000 3,059,597
227,950
287,529
Seventh WTard, National.
500,000 1,326.259
(34,968
176,752
State of New York
2,000,000 4,419,189
4(33,511
396,000
American Exchange...... 5,000,000
9,767,275
490,748
986,669
Commerce
10,000,000 24.537,663
393,069 5,920,375
Broadway
1,000,000 8,086,304
174,243
900,000
Ocean
1,000,000 3,171,714
45,498
798,744
Mercantile
1,000,000 3,205,599
26,853
481,819
Pacific
I,700,881
16,200
422,700
133,532
848,729
Republic
2,000,000 4,830,225
786,676
Chatham
56,544
450,000 2,003,856
130,353
People’s
48,455
6,046
412,500 1,353,410
North American
111.952
333,000
1,000,000
2,013,487
Hanover
1,000,000
287,662
2,461,849
101,026
1,48 i,0G0
190,012
Irving
500.000
21,000
1,060,125 2,214,952
Metropolitan
4,000,000 II,569,694
Citizens
.'
16,096
1,484,453
400,000
131,818
Nassau
1,872,082
4;03S
1,000.000
36,510
589*752
Market
86,912
1,000,000
2,914,517
St. Nicholas
1,000.000
69,494
754,166
2,564,76221,600
942,600
Shoe and Leather
1,500,000 4,052,3i>0
Corn Exchange
22,366
6,455
1,000,000 2,670,601
Continental.
178,793
557,822
2,000,000 4,169,356
29.811
Commonwealth
750.000
239,127
8,-67,184
10,075
5,416
Oriental
300,000 1,mi,047
62,955
Marine
360,000
400,000 1,713,197
98.681
Atlantic
300,000 1.165,239
41,119
501,032
7,993,107
139,835
Importers and Traders’.. 1,500,000
Park
1,172,544 1,029.500
2,000.000 12,598,254
307,666
Mechanics’ Banking Ass.
5,501
500,000 I,016,417
797,6*10
13,553
65,250
Grocers’
300,000
19,<06
11,240
400,000
North River
1.217.268
914,864
11,774 283,500
East River
S50,000
7,350
698
Manufacturers & Mer....
500.000
1,272,630
334,152 2,944,497
Fourth National
5,000,000 16,262,521
193,305 1,735,000
II,4-2,263
Central National.
8,000,000
270,000
Second National
300,000 1,280,517
NTint.h
65,902
895,888
Ninth National
1,000,000 5,0* >4,254
13,281
40U,9S1
First National
SOOiOOO 3,007,686
155,698
792,706
8,494,553
1,000,000
Third National
267,302
1,212,920
2,469
New York N. Exchange.
300,000
66,600
912,300
2,767,000
Tenth National
- 1,000.000
895’,086
1,335,800
New York Gold Exch’ge
5,798
7,183
Bull’s Head
200,000 1,545,277
5,921
90,000
266,205
National Currency
100,000
73-4,677
9,461 225,000
Bowery National
250,000
502,641
Stuyvesant
483,130
Eleventh Ward
4,255 250,000
1,022,477
Eighth National
.......
Total
.
.
XL
—•_>
Net
,
«
^
Legal
Deposits. Tenders
$6,661,957 $1,922,584
3,727',159
7,071,754
4,222,742
2,412,115
0,399,187
2,747,359
2,845,833
1,613,338
1,586,829
5,409,087
~ “
2,667,583
915,422
1,616,900
1,517,285
650,942
1,836,424
782,542
3,574,808
4,849,161
7,399,042
8,581,025
l,083,c37
2,628,543
1,385,920
4,119,475
2,018,159
1,126,271
1,623,857
1,426,159
1,153,000
6,710,260
1,173,296
1,617,991
884,285
2,122,883
929,762
786,831
2,148,496
592,961
340,167
703,215
600.942
1,843,007
843,048
190,903
481,000
515,113
142,694
613,107
211,441
7,325.997
1,415,790
6,434,004
3,215,314
615,552
800,192
461.942
1,337,848
543,954
154,501
422,166
343,410
325,000
1,684,667
854.602
336,240
1,782,818
513,173
444,112
2,285,000
1,3-6,121
2,394 ,SG2
3,055,804
1,002,130
1,433,248
810,000
198,000
578,000
1,137,568
877,378
5.974,472
14,978:923
1,127,854
700,261
93-,931
552.349
' 938,713
12,84,555
10,672,174
979,578
4,639,321
3,181,316
846.891
190,111
601,916
248,009
1,637.902
3,400,318
431,977
227,102
243,571
179,000
153,147
3,952,861
3,481,083
334.265
1,798,242
803,319
2,943,420
1,093,688
1®706
121,667
977,647
1,592,3<‘0
1,707.627
338,7<«8
593,800
213,167
70,450
510,418
460,852
S3',006
869,627
182,414
'89,122
808,890
82,520,200 259,491,905 17,644,20434,254.759 159,848,817 59,492,476
758
CHRONICLE.
THE
The deviationsfrom the returns of
previous week are
Loans
Inc $5,105,848
Inc. 1,857,987
.Dec.
29,804
Specie
Circulation
BostOx\ Banks.—Boiow
Deposits
Legal Tenders
as
Tnc
Dec.
follows:
$ 2,424,082
2,947,730
.
[December 12 1868.
Date.
Sept. 7
Sept. 14
8'ept. 21.
Sept. 88
Loans.
...
Clearing
•
500,000
1,000,000
Faneuil Hall....
1,000,000
Freeman’s.......
’
Globe
Hamilton
Howad
Market
400,000
1.000,000
750.000
*
Massachusetts.!
750,000
800,000
800,000
400,000
3,000,000
Mount Vernon..
200,000
New
Maverick
Merchants’
...
England... 1,000,000
North.
1,000,000
900,000
Old Boston
SShawmut
750.000
Shoe & Leather.
1,000,000
State
2,000,000
Suffolk
1,500,000
Traders’
Tremont
600.000
2,000,000
Washington
750.000
..
First.
1.000.000
Second (Uranite) 1,000,000
Third
300,000
B’k of Commerce
2,000,(KX)
B’k of N. Anier.
1,000,000
B k of
Redemp’n 1,000,000
B k of the
Kepnb. 1,000,000
gity
1,000.000
Eagle...
1,000,000
Exchange
1.000,000
Hide & Leather.
1,000,000
Revere*
1,000.0(H)
Union
1,000.000
Webster
1,500,000
Everett
200,000
Security
200,000
Total.
*
42,300,000
Not received—same
as
2,034,089
8,983
434,00ft
50,405
15,917
104.900
1
875.988
2,511,091
84,458
2,370,228
1,235,801
2,001
2,078,098
1,208
1,454,031
9,6!0
1,449,031
4,661
1,309,043
12,070
1,075,8' 9
2,090
883,373
0,254 279 105,900
,
508.736
,
,
083
2,237,918
....
2,428,800
1,759,008
21,371
38,834
1,775,774
8.580
543,094
96,732
3-0,000
79,312
118,000
82,350
250,807
02,090
1.051,923
130,910
39.8,493
181,000
54,904,488
54,731,040
905.707
1,172‘7S2
518,840
1,407.490
070, SCI
424,200
297,441
358.00(1
242,5*3
433,771
352,801
.392,233
210,1.35
1,815,400
729,793
179,955
3,292.240
300,810
178 080
712,980
53,957,047
13,557
920,192
512,000
51.4x83
312,314
900,090
7,572
205,293
13,332
28,450
449.022
385,012
07,303
943,147
098,907
999,702
722,190
179,250
079.948
593,001
3,219,404
1,204,570
3,292,188
1,892,050
3,956,410
3,428,125
343,105
4,755,211
1.800,819
«
•
210,247
5 750
539,497
274,149
53,2x89
012,112
5,550
10,980
13,52.
03,7 i 9
4,240,019
2,410.545
1,211,596
1,803,391
3,123,390
2,122,952
3,114,583
•
•
•
•
7.478
298,754
249,154
213,400
305,178
515,907
210,000
209,500
170,807
2,275,105
2,700.012
327,151
287.000
10,790
320,258
135,000
101.090
903,808
595 422
799.000
r
2,100,159
515,990
490,087
99,619
130,000
312.518
33,707
797,950
450,7.34
315,848
791,190
789,043
•mpoo
1,079,2x87
1,007,(02
54.757
8,387
790,000
174,486
281,172
952,521 10,459,113 .* >7,999,972
25,250,402
last week.
The deviations from last weeks
returns
are as
follows
30,022,316
10,613,974
] 0,6-20,533
48.955.531
44 227,-27
10,607,949
43,525,479
42,713,023
42,070,626
41,698,881
41,107,403
89,343,970
38,377,037
37,730.444
38,170,990
38.174.328
15,082,008
14,821,790
34,510.736
13,802,798
13,229,200
12,570,518
12,085,593
13,010,734
13,255.001
STOCK
Circula.
45,279 109
44.730.328
10,608,330
10,607,413
10,610,700
10,609,369
30,612,512
10,011,080
10,009,645
30,005,975
10,603.158
10,0(0,(69
LIST
-
Capital.
(Marked thus *
not National.)
o
d
^
c!
are;
jz
Friday.
Dividend.
S
Amount.
Periods.
Bid. Ask
Paid.
WE
America*
American
AmericanExehange.
i
100 3,000,000 Jan. and July...
100
500,000 Jan. and July...
100 5,(XX),000 xMay and Nov... Nov.’08
75
(Brooklyn).
50
100 1,000,000
Commerce
Commonwealth,
Continental
Corn Exchange*
—
...
Currency
Dry Dock
60
100
100
100
100
100
SO
50
East River
Eighth
100
Eleventh Ward
Fifth
First
First (Brooklyn). ...
Fourth
Fulton
Gold Exchange....
Greenwich*
Grocers’
Hanover
25
100
100,
100!
100
80
26
60
•
•
!
•
•
•
\
•
11
•
...
..
•..
....
.
...
...
.
400,000 Jan. and July...
....
....
300,000 .Quarterly
....
....
May and Nov...
....
300,000 Jan. and July...
10,000,000 Jan. and July. July ’68.
750,000 Jan. and July,..
2,000,000 Jan. and July...
1,000,000 Feb. and Aug...
100,000
200,000 Jan. and July..
350,000 Jan. and July..
250,000 Jan. and July.. July ’68
200,000 Jan. and July
Tuly ’08.
150,000 Jan. and July... July ’08.
600,000 ..Quarterly
Oct.
500,000 Jan. and J uly... July ’68.
5,000,000 Jan. and July...
600,000 May and Nov... Nov. 68..
600,000 June and Dec...
200,000 May and Nov..
800,000 J an. and J uly... July ’68.
....
...
.
....
....
•
•
•
Legal tender
Deposits
:
notes
Dec.
....
3#
iio“
4
6
....
....
41
.
....
5
5
C
....
....
..
....
«...
...»
4 100
6
lGOX
....
8
10
...
....
....
....
...
•
•• •
....
070,093
1.384,805
....
..
....
....
....
.
..
K
•
•
•
•
....
&
....
....
•
•
•
•
« «
•
•
.
....
•
•
•
*
O
"
•
.
.
.
..
.
...
.
.
'
.
....
....
...
.
j
.,.
....
......
....
....
....
,
.
,
,
,
.
....
-
....
...
..
...
....
....
.
.
.
.
...
.
,00 )
.
1,207,000
1,000,000 3,953,000
300,000 1,082,000
225,000
5.87,085
150,000
488,000
Third
.
.
,
7,659
....
5,000
418,000
1,158,000
182,700
153,895
1,506,000
3,330,000
224,000
875,000
260^448
72,000
283,000
BANKING AND FINANCIAL.
797,000
The Central Pacific
Railroad, connecting San Francisco and the
nearly completed, and doing
192,000
545,000
219,000
275.000
206,000
597.000
238,000 a large and remunerative way business, must speedily become one of
750,000 2,430,000
578,000 1,1.08,000
£93,000 the most
1C
1,000.000 1,015,000
325,000 1,034,000
important and valuable lines of through traffic on the Continent.
417,500
Exchange..
300,000
796,000
215,000
596,000
The First Mortgage Bonds issued thereon,
175,000
having a lien superior
Tolal....
16,017,150 52,134,431 243,400 13,255,001 38,174,3*8
10,000,009 to that of the United States, are now widely known and esteemed as
*
This column includes amounts
due to banks.
among the safest, best aud moat profitabTe corporate securities for invest¬
The deviations from last weeks
ment.
A limited quantity will be sold at 103 and accrued
returns are as follows :
interest, in
Capital
Legal Tenders.. .Increase $238,807 currency.
Principal and six per cent interest payable in gold. Govei n
L°an.8
Decrease. $252,235 Deposits
Decrease.
specie
2,602 ment bonds received in
Decrease.
exchange at lull market rates, allowing the
5,748 Circulation
Decrease.
3,089
Sixih
Seventh
.
.
...
250,000
....
....
751,000
80 \(XX)
485,328
131,085
135,000
....
.
.
.
.
.
.
Pacific coast with the Atlantic lined, now
.
.
....
..
.
The annexed statement
shows the eondition of the
Banks for a series of weeks,
Philadelphia
,
difference in cash,
Fisk dt
.
...
....
100 1,000,000|Jan. and
5 110
July..,
Importers & Trad... 100 1,500,000 Jan. and July...
5 33
Loans..................Iuc $317,130
A '.19
Irving
60
600,000 Jan.nnd July.. July ’68.
:nc.
Specie
LeatherManu fact’ r s.
Dec! ,77,900 Circulation.
50
600,000 Feb. and Aug.
0
Inc.
103,979 Long Isl. (Brook.)
60
400,000 Feb. and Aug...
0
I ne
Manhattan*
50 2,050,000 Feb. and
following are comparative totals for a series ol weeks
.......5
Aug...
past; Manufacturers’
30
252,000 Jan. and July.. July ’68.
Manufac. & Merch.*. 100
500,000 Jan.and July...
4
Legal
Lof.ijs.
Marine
100
Specie.
Tenders.
400,000 Jan. and July...
o 150
Seut.
Deposits. Circulation. Market
7.....
103,853,110
100 1,000,000 Jan. and July... July ’68.
833,008
14,975,841
14.
40.891,715
25,190,084 Mechanics’
102,921,738
748,71 (
25,
Jan. and
13,774,380
5
21.
40,040,820
25,183,870 Mechanics’(Brook.). 60 2,000,000 Jan. and July...
102,472,930
042,793
600,000
13,460,258
0
July...
as
39,712,108
25,184.048 Mech. Bank. Aeso... 60
101,021.744
042,829
500,000 May and Nov,..
14,032,447
....5 116
Oct.
89,127,059
25,150,081 Meehan. & Traders’. 25
99,502,844
018,428
600,000 May and Nov..
33,923,894
5
39,215,483
12....
25,143,517 Mercantile
100,839,722
505,805
100 1,000,000 May and Nov..
33,091,864
..5
39
38,801,454
25,282,382 Merchants’
102,595,177
60 8,000,000 Jan. and July..
501,008
x25~~
13,009,829
5 25
20..
38,080,344
25,207,095 Merchants’Excli— 50
101,595 570
481,755
11,915,738
1,235,000 Jan. and July..
N ov.
5
2
37,872,097
25,108,348 Metropolitan
99,720,702
729.830
100 4,000,000 Jan.and July.. July *08.
46
11,701,307
(i
37,740 824
9..
9 770,131
25,248,470 Nassau*...
1.229.781
100 1,000,000 May and Nov
107
11,120,415
v. ’08.
4
37,835,519
10..
"9 ',08^.779
25,267,909 Nassau (Brooklyn)
1,242,085
10,901,699
300, (XX) Jan. and July... July ’08.
5
34.970,223
23..
97,35-4 : 0
25,230,679 National (Gallatin) 100
1,190,098
60 1,500,000 April and Oct.
Oct. 68
10,931,225
6 LiH
80..
35,114,817
25,201,846 New York,
97,01‘2,3,s1.080.427
100
Jan. and
.114-3
11,129,830
Dec.
30.615,107
25,092,423 New York County.. 100 3,000,000 Jan. and July... July ’08..
9.',(>04,812
1/02.';,. 1
10,159,143
200,000
July.. July ’08..
8
37,999,972
25,250,402 New York Exchange 100
800,000 Jan. and July... July ’68
6
Pii7f.ADEi.pm> Banks.—The
100] 1,000,000 Jan. and July. July ’08
following is the average conditio* Ninth America
North
ot the Philadelphia
100 1,000,000 Jan. and Ju’y.
July ’08
Bonks ior the. week
North
50
preceding Monday, Dec Ocean River*
400,000 Jan. and July... July ’68
4
7, 18G8 :
60 1,000,000 Jan. and July... July ’(>8
111
.5 Hi
Oriental*
50
800,000 Feb. and Aug... Aug. ’08
.5
Pacific
Total net
50
Banks.
422,700 Feb. and Aug.. Aug. ’08
5
Loan*. Specie. L. Tend.
Capital
100 2,000,000 Jan. and July... July ’68
Dx^pos.* Circulat’n Park
7 15J
Philadelphia
$1,500,090 $4,787,000 $06,000 $991,000
25
North Anu.i
$3,038,000 $1,000,000 Peoples’*
412,500 Jan. and July... July ’OS
5
1,090,000 4,112,804 55.947
919,381 2,596.833
20 1,800,000 Tan. and July... July ’G8
Farmers’ «fe J! (eh.
180,' 000 Phoenix
4 108*
2,09'>,000 5,117,540 81,83o 1,409,124 4,126,780
100 2,000,000 Feb, and Aug... Aug. ’08
120
718>x0 Republic
6 120
319,000 2,171,000 14,000
544,000 1,127,000
100 1,000,000 Feb. and Aug... Aug.’08
111
021,000 St. Nicholas’
X
800,000 2,631,000
511,000 1,275,000
100
480,514 Seventh Ward
600,000 Jan. and July.. July ’G8
ics
4 114
500,000 2,202,000
705,000 1,703,000
100
300,000 Jan. and July.. July ’08.,
402,000 Second
250,000 1,377,80.) 10.556
412,900 1,211,800
100 1,500,000 Jan. and July.. July ’08.,
218^258 Shoe & Leather
250,000 1,147,101 15,012
Sixth
323,000 1,006,634
100
227,170
200,000 May and Nov...
500,000 1,333,370
208,684
930,789
115
...4 111
175,700 State of New York. 100 2,000,000 May aud Nov... 'ov. ’08
400,000 1,290.413
1,419
422,075 3,397,099
100
200,000
Manufacturers’
6^05 Stuyvesant*
570,150 1,590,1X10
Tenth
100 1,000,000 Jan. and July... July *’*68*
331,000
B’k of Cummer ce..
983,400
445,276
...4 i(6*
250,000
905,005
264,704
100 1,000,000 Tan. and July... July ’08
Girard.
732,513
219,440 Third
...6
1,000,000 3,090,000 20.000
981,000 2,361,000
40 1,000.000 Jan. and July... July ’08
Tradesmen's
...0
685,000 Tradesmen’s.
200,000 1,221,627 10,177
60 1.500.00t May and Nov.
271,203
8*. 0,874
Nov ’08
Consolidation.
...5
18L355 Union
800,000 1,070,193
203,210
796,534
50
500,: XX Ian. and July. (Jan. ’08
City
270,000 Williamsburg City*
8*
400,(00 1,333.39?
3,200
403,89)
888,494
856 908
Commonwea.tbi
237,000 1,< 22,804
202,709
Corn Exchange
720,591
212,840
500,000 1,885,000
2.000
493,000 1,552,000
Union
450,000
30
Capital
t
.
....
.
..
City
City (Brooklyn)
•
...
114
.5
12
5
4
5
5 119
no#
....X
5
8
e
6
/... .
0
5
5 124 %
6
103
4 1(0
1(5
5
10
..
100
25
5
6
...
..
Citizens’
i
r 140
4
4 i.3
.
791,710
480,813
1,875,935
399,507
1,203,087
712,941
488,987
795,085
1,031,271
833(748
010,400
18,724
13,483
-
1,189,500
1,784.255
74,265
13,157
05,893
1,205
513,085
43',057
387,221
335,012
10,875,409
10,310,505
15,857,032
10,038,854
15,077,539
300,000)tJau. and July...
500,000 Jan. and July...
100
Bowery
250,000 Jan. and July..
Broadway
25 1,000,(XX) Jan. and July...
Brooklyn
50
300,000 Feb. and Aug..
Bull’s Head*
50
200,000 .Quarterly
Oct.
Butchers & Drovers 25
800,000 Jan. and July
July
Central
100 8,000,000 Jan. and July
Juiy ’08.
Central (Brooklyn).
50
200,000 Jan. and July
July ’08.
Chatham
25
450,000 Jan. and July..
Chemical
300,000
•
300,970
BANK
Companies.
Atlantic
Atlantic
799,845
794,S78
205,551
»
222 901
53,323,400
52,360,530
58,386,MW
52,134,431
797.710
574,800
795,415
597,214
353,571
.358,600
595.832
3,605.5*1
98,0G 1,812
819,335
670,504
010,873
.851,401
529,895
2.383,703
200,598
170,595
101,282
«
!
Continental
Eliot
195,089
55,401,115
Monday,
234,552
65,248,512
55,373,834
,
•
222,900
209,053
197,207
55,408,280
Oct.
give a statement of the Bo.-ton Oct. 5....
Natioual .91 12
as returned to the
.
House,
Dee. Oct. 20....
Oct.
7, 1868.
Nov
Nov.
9.
Banks.
Capital.
Loans. f[Spec.ie. L. T. Notes.
Nov. 10
Deposits. Circula
Atlantic
1750,000 $1,519,751’£ 20,429 $110,891
Atlas
$4x89,085
$445,777 Nov. 23
l ,0(0,000
2.107,905 mi 083
800,943
002,257
Blackstoue
789,959 N OV. 30
1,000,000
2,012,319 til,441
201,833 1,307,915
Boston
7x89,406 Dee.
750,0! 0
1,787,285
179,471
034,751
590,381
Boylston
500,0(H)
f 70
1,874,931
170,100
588,092
Colombian
447.477
1,000,000
we
Banks,
Specie. ^Legal Tend. Deposits.
55,084,008
55,646,740
55,620,710
Patch,
flankers, Ac., Nqj 5 Naeeau street, N, Y
December
12,1868.]
THE CHRONICLE.
759
SALE-PRICES AT THE NEW YORK STOCK
EXCHANGE,
REPRESENTED
BY THE LAST SALE REPORTED OFFICIALLY ON EACH
DAY OF THE WEEK ENDING FRIDAY, DEC. 11,
WITH THE AMOUNT OF BONDS AND NUMBER OF SHARES SOLD AT BOTH BOARDS IN THE SAME WEEK.
TOGETHER
2SK=
STOCKS AND SECURITIES.
Satur. Mou.
rue*.
I’hure
V <u
Fri.
Week's Sales
S&iur.
STOCKS AND SECURITIES.
Mon. 1
Wed. 1 hur*
ues.
l ri.
Week’B bale
1
„
..
Jnited States 6s, 1881
do
do
do
do
io
do
%
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
—
coupon.
do
do
do
do
do
do
135* 135* 136
—
do
Ill
110
—
106*
—
—-
107
—
-
108
—
20,000
no*
106*
243,600
16,500
107
107
—
-
—
—
—
—
—
—
—
—
\s\
—
—
00*
do
Erie
do prefeii* d
622,000
10c Vt
—
—
—
—
2
do
103* 11Jo* tut* 1(3*
do
do
Lake
pref
..
—
128
—
..!
;
—
—
r
144
here
pref...
2d
—
—
25
:
—
500
,
do
7s, War Loan, 1878
...
.
89
do
6s,
89
(Pacific ItR.)
63,1877
5s, 1875
7s, State B’y B’ds (coup
do
do
do
do
North Carolina,6s
do
6a (old)
do
6s, (new)
OMo
—
—
—
—
65*
65*
65*
65*
64%
63*
63
63
63
62*
61*
—
—
—
102
*69*
69*
.
—
*68% 168* c69
67%
68* 6J% *55
67* 68*
*55% *55%
57
t55%
57
57*
—
—
97
’
do
do
—
140
—
*
..
....
..
6
125
102
do
do
20C
—
100* ICO
—
22*
—
30%
=
206
370
200
118*
SCO
8-1%
64%
16,6C0
13
82
65*
M*
81%
83*
89
90
01
—
—
—
!
—
4,360
7,ICO
-•■'■A-a
—
40
•
—
30%
760
50
16,683
‘0*
29*
29
12,4(0
HO
9,736
10,600
5
65
96%
57
—
-—
56% ,56
70*
—"
prefl
98
—
—.
—
5
—
|
93
98*
87*
———
1
—
—
—
—
112
3d mort , conv.
4th mortgage.
do
do
1,000
—
—
96%
—-
2,000
91
c 8
—
92%
—r—
8,000
10,(CO
97*
—
97*
—
m
106*
92
92
73%
74
—
—:
—
80
92
2,000
2,600
—
101
96*
101
94
101
—
—
—
73*
—
101
184,000
1,000
1,0(0
—
—
—
—
85
30,000
1,CC0
1.000
—
3,500
—
—
—-T—
—
7,000
“
—
73%
2d
3,000
—
do 10 p. equipment
do
let mort..
do
consolid’ted
do
do
2,3C0
5,000
4,COO
r~
102
—
......
—
6,181)
86*
85%
.
86
18
.
—
—
-
-
1
r<5
-
113
)
—
—
—-
—
Ill
iir
10
—
15
)
3 »*
—
—
—
—
38
133
37
132
36
131
)
sP"ing Mountain...
)
.
'
1,000
—
—
—
T
4,000
CC0
.
Michigan Centra] 8s, 1869-72
do
—
101*
—
Illinois Central
onds
Lackawanna & Western, 1st mort.
Mariposa, 1st motgage, new
Mariposa Trustee lo ctfs
154
0
0
)
Gas. -Citizens
4,100
—
144*
123% 124* 125* i2o
101
Erie, 1st mortgage, 1868
do 2d mortgage, 1879
do 3d mortgage, 1883
do 4th mortgage, 1880..
80
do 5th mortgage, 1888
Galena & Chicago, 1st mortgage...
Great Western, 2d mortgage
5 Hannibal & St. Joseph, land g.bds
00
Harlem, 1st mortgage, 1869-72
do
Cons’lidated& SinkFunc
do
3d mortgage, 1868
Hudson River, 1st mortgage, 1869.
do
2d mort, (S. F.), ’85
124* :3<* 121*
l(
Miscellaneous Stocks s
Goal.—American
1C
—
28%
80*
132% 183
do
De1aw’e,Lackawan. & West, 1st m.
do
1C )
1C )
1C )
-1C )
1C )
1C
..
125*
—
—
65*
Dubnqne & Sionx City, 1st mort..
1C
.....
1,106
328
Col., Cin. & Ird. Central 1st
—
)
....
120
120%
38
*
)
Phenix
'
Seventh Ward
Park
St. Nicholas
State of New York
Tonth
9U
84%
—
do
No.
)
1
Ocean
—
128
128
—
-.licago and Rock Island, lBtmort
Chicago R. I. and Pac, 7 percent..
Cleveland and Pittsburg, 2d mort
—
)
)
North Ame ica.
—
126
93
86%
’
do
do
do
10,000
—
.
Merchants
—
100
15,000 ^hicago & Northwest.., Sink. Fun<
do
do
Corn Exchange.
Manufacturers & Mercl
Metropolitan.
2,5S5
88
30%
Railroad Bonds:
tnerican Dock & Improvement,
109 030
-jfialo, N. York & Erie, 1st me
Central of New Jersey, lstmort...
110 0 JO
Chicago and Alton, Sinking Fund,
do
do
1st mortgage..
5,000
do
do
Income
Chicago,Burl’ton & Qnincy, 8 p. c
85,000 Chicago & Great
Eastern, lstmor
118,000
11,000 Chicago & Milwaukee, 1st mort..
Chatham
Importers and Traders.
93*
—
2,000
...
—
75
6,010
11,625
—
Interest b’nd!
New- York 7s
do
69 1876
Bank Stocks :
American Exchange
Bank of New York
Bank of Republic
Hanover
92*
*2%
38
111% HI % Ill* 111% ,11
98* 98* 98%
10,000 Third Avenue
1,000 Toledo, Wabash and Western
do
6b, 1831
Vir&iniaGs, (old)
do
6s, (new)
do
do Registered..
Municipal:
r ooklyn 6s, Water Loan
do
6s, Park Loan
Kings Country, 63
Jersey City 6s, Water Loan
do
65*
—
4,600
66,000 Rome & Watertown
—
—
—
Reading.
89%
-
(reg.
Rhode Island, 6s
Tennessee 6s ‘68
do
Gs (old)
do
6s, (new)
89%
—
N«w York 6s, 1874
do
do
8**
17,1U)
—
28
6t%
Michigan 6s, 1878
Missouri og,
do
6s, (Han. & St. Jos. RR.)
11,475
705%
84%
101% 101
58
1
New York and New Haven...
Norwich <fc Worcester
Ohio and Mississippi.
do
do
pref
Panama
.
75*
76*
75*
87*
—
119* 119*
!
do
—
.
101
—
do
pref...T
Milw.& Prairie du Chien,lstpref
Morris & Essex
New Jersey
1
;...
—
_
—•
—
—
—
—
70
78
V 6*
10
23U
93
scrip
„
—
do
do
do
do 1877
do
do
' do 1379
War Loan
do
Itt liana os, War Loan
do
5s
do Special 5s, pref
Louisiana Gs.
70
.
do
do
1,000 Michigan Central
Michigan So. and N. Indiana
—
—
—
38
;
-
24
8-5
77*
79%
107% 106*
—
66,5c 0 Ind. & Cincinnati.
.
Alabimi 8a
78
172
!
—
00,500)
—
—
Hannibal and St. Joseph pref..
Harlem.
Harlem, pref
Stale:
California, 7s
Georgia (is
do
7s (new)
Illinois Cana) Bonds, 1860
do Registered, I860
168*
—
105* 105* 105% 105*
ios%
—
85
—
170
—
2,984
360
—
*0% 101*
...
—
1
Delaware, Lackawana and West
33,000 Dubuque & Sioux
City
99* £99%
140
—
and Toledo
19,000
—
114% 114* 114% 113%
87%
1/69,500 Cleveland
—
115
—
—
110% 110* no* no* 110* 110%
IOG*
110,%
110% 110%
—
116
23,000 Chicago and Northwestern....
200,000
do
do
prel
2,000 Chicago. Rock Island and rac
435,500
107*
—
—
No.
...
—
106* 107
ito% 110* no* no* no* 110*
—
Railroad Stocks :
Bobun, Hartford and Erie
Central of New Jersey
Chicago and Alton
do
do preferred., .101
licago, Burlington and Quine
-nicago & Great Eastern
$20 000
—
—
111% Ill
108% 108* 108%
8s, 5.20s (’65) coupon
6s, 5.20s do regisVd
6s, 5.20s (’65 n.) coup
Gs, 5.20s do regisVd
6a, 5.20s (1867) coup.
Gs, 5.20s do regi&'d
6s, 5.20a (1868). coup
6s, 5.20s do regis'd
(is, Oregon War 1881
do. (I y'tltj)
6s,
6e, Pacific R. R., is.
5s, 1871
coupon
5s, 1871 ..registered.
5s, 1874
coupon.
5s, 1874 ..registered.
5s, 10-403 ...coupon.
5s, 10-40s.rtfgist.tr ed.
do
do
do
do
do
do
do
do
do
—
107%
68,5-209061) coupon. 107*|lu7*
1 106% 107%
6s, 5.20a do regisVd
do
do
—
135%
114*
—
6s, 1881. .registered. 110%
6s, 5-2Os(’62)cOW/;0n. no *
6s, 5-20s do regist'd 1UW10SX
!
do
do
do
do
-Lj 136*
National:
m
;
American Gold Coin (Gold lioom)..
—
do
8s, new, 1882....
Michigan Southern, Sinking Fund.
do
do
2d mort.,7s...
Milwaukee and St. Paul, 1st mort..
06*
91
96*
-—
■—
do
do
2d mori
do
do
8s 1st mort 104
800
do
do
7 3-10 conv
57
do
do
1st Iowa Div
Morris and Essex, 1st mortgage... 96%
94
do
do
93
Qd mortgage....
New York Central 6s, 1883
do
do
6s, 1887
100
do
do
7s, 1876.cony...
New Jersey Central lstmort
100*
700 New York & New Haven, 6s
Ohio and Mississippi, 1st mortgage
do
do
consol, bonds
8,798
Pacific R.R. 7s guar’dbyS. of Mis
07
91
04
97
9,o f 0
—
—
04
108%
7,000
—
—
10,000
—
0:*
8,000
—
.
—
95%
34,000
94
94
22 0(0
—
90
6,500
—
)
—
3
49
48*
37
36*
—
—
*
I*-* 1
—
1
—
—
48
47
3G%
36%
■>
Cary
telegraph'.—
3teatnship.—
]
36*
(6*
ft
•
1
5* 115* ,15
:i4
6.706
ri
rust.—Farmers’Eoan
& Trui
American
Merchants’ Union
7
—
0
0
—
15*
ft
0
7
Quicksilver
—
—
do
do
45
16
46
—
45
15*
2'*
22*
48%
——
—
16
15A
44
1 i
46
26
20*
4%
21%
22*
22*
1,470
2CC
3,270
43%
26*
—
.
—
48*
—
)
r)
'!
1,0(0
2,0C 0
0b
45*
850
26
5
20
26
150
300
21%
21
—
3
St.
do
do
do
do
2d mort.
3d mort.
—
do
do
7,000
8,OCO
98*
—
93*
Louis, Alton & Terre H, lstm.
do
do
do
2d, pref
do
5,000
1 3
93*
—
—
84*
—
income.
Ft Louis & Iron Mountain, 1st m.
Toledo & Wabash, 1st mort.,ext..
do
do
2d mortgage,
do
do
equipment..
86
—
—
S5
—
1,340
3,300 Toledo, Pepria & Warsaw,1st W.D 84*
do
do
do
B.D.
11!i Western Union, 7» bds,
j —
—
—
—
Pittsb’g, Ft. Wayne & Chic., 1st m.
j
Repress.—Adams
’
—
116
7
95*
—
2.000
86
—
2,000
6,000
I/CO
83
74
—
—
84
—
<
—
88
|
•—I
760
THE
NATIONAL, STATE
Subscriber* will confer
DENOMINATIONS.
Marked thu* *
are
a
AND MUNICIPAL SECURITIES LIST.
INTEREST.
Oatetandiu*.
Rat*. I
Prfnci
pal
Due.
Payable.
FRIDAY.
Bid
1
DENOMINATIONS.
Asked
Marked thus
do
Hearing Coin Interest—
Mar. 31, ’48), reg.
.do
’48 ( do
do ),cpn.
Loan of ’til (act Feb. 8, 61), reg. \
do
’61 ( do
do ), cpn. f
Ore". War (act Mar. 2, ’61), yearly I
do
( do
do ),lyear. f
Loans (acts July 1,’61 &Mar. %
’63), reg.
do
do
Loan: 5-10’s (act Feb.
do
:
Loan
do
1881
1882
114* 115
:os% 106%
110*4 no%
do
do
1882
1884
1884
1885
do
I
May & Nov
do
do
1886
1887
1887
Jan. & July
do
Jan. A July 1888
do
do
20,000,000
A July
do
I Mar. & Sept.
1
do
),cpn. f 194,566,400
Bearing Currency Interest—
8’ds( Jul.l’62AJul.4/64 35,314,000
Comp.Int.Notes (act of Mar.3*63). 10,595,410
Three par'ceii1-. Legal Tender cer¬
tificates (act of Mar. 2, ’67)
62,205,000
Navy Pension Fund
13,003,000
Pacific RR.
Jan. &
July
Michigan (Nov. 30/67)
$3,610,500:
1H)% 110%
Renewal Loan Bonds
Consolidated Bond
(interest)
Railroad Bonds
(various)*
S. W. Pacific RR.
Bonds, guar*.
Hannibal A St.
New Hampshire Joseph Bonds..
(June 1,1867):
War Debt of
July 1, 1861
do
of Sept. 1,1864....
do
of Oct. 1, 1865
do
of July 1,1866
N. Jersey (Feb.
20/68) $3,196,100:
State S«curlties.
War Bonds of 1861
(tax free)...
u
of 1863 (tax
free)
**
Alabama (Nov. 1, ’67) $4,066,210:
State Bonds
do
do
(extended)
do
do
(
do
)
210,000
2,361,250
do
do
Arkansas (Julyl, ’66) $1,500,000:
State Bonds* (Real Estate
Bank)
do
do * (State Bank)
California (Julv 1/67) $5,101,500:
Civil Bonds of 1857
do
do
of 1860
Soldiers* Relief Bonds
Bounty Bonds
do
do
(Nov.,’63) 2^ years
(May, ’64) 10or 20y’r
(non-taxab.)(May/65) 20y’i
Bklawau*
do
do
.
(
) $
>iana
(Nov. 1, ’67) $5,390,613
K*NTDCKT(Oct 10/67) $5,238,093:
State Bonds of
do
do
do
do
do
July, 1838
April, 1841-42.
Nov, 1810
(various)
of
of
Military Bonds
Louisiana (Jan. 1/67)
$10,357,999:
Bonds loaned to Bank
do
do for RR.
Stock*, etc.
do
do for Schools
do
do for Levee*
do
(funding coupons) I860..
State Bonds proper
Maine (Jan. 1, ’67)
$3,127,500:
Mass.
Land Debt of 1853
Civil Loan Bonds, 1555-01
War Loan ofl 861
do
do of 1863
Bounty Loan of 1SG3
War Loan of 1864
'
M dryland (Oct.
1/6G)$12,426,689:
Bon ts (to RR’s.
& Canals)
do
(
do
do
(
o
do
do
00
do
do
do
>>
Apr. A Oct.
Jan.
do
2,000.000
2,000.000
2,000,000
2,000,000
1 if). <00
3,030,000
1,519,000
75,000
734,000
i,319,788j
4,370,232
156,000
558,700
7
4,525,719
395,000
300,000
739,500
99,475
874,000
1,421,000
339,000 i
*51,000!
685,000'
4,838,933
2,575,000
665,000
1,000,000
409,800
750,000
150,000
345,000
800,000!
525,000,
475,000
3,832,500
1,878,893'
185[420
525,008
1,525,607
6,700,658
do
1861
1868
do
’83-’85
Tan. A July 1872
May A Nov. 1874
Jan. A July 1886
do
do
do
do
do
do
do
1870
’60 ’65
’69 ’70
’76 ’77
101%
IClJf
101%
1879 101%
1879 101%
July
Jan. A July
July.
Jan. A
July
1881
’76-’97
’83-’84
1868
Apr. A Oct. ’71-’72
May A Nov. 1870
Various. ’68-’73
do
'80-’95
Feb. A Aug. ’68-’86
Various. ’69-’99 64%
Jan. A
July
1897
Various.
1886
63%
Feb. A Aug. ’86-’87
Jan. A July 1S93
October.
Various.
do
Mar. A Sept
Feb. A Aug.
June ADec
’G7-’72
T>7-’78
1871
1883
1880
1889
,
’85-’89
Funding Bonds
|Ohio(Nov. 15, ’67) $11,179,702:
1 Loan
(Union) due July 1, 1868..
Loan due after 31st
Dec., 1870
do
do
31st Dec., 1875,..
do
do
30th June, 1881..
do
do
31st Dec., 1S86
Domestic Bonds
.
State Bonds
(new)
do
do
(new)
Military Loan Bonds
Rh. Isl.
(Aug.,’68) $3,088,500:
*
War Bonds of 1861
do
do of 1862
do
do of 1863
do
do of 1863
do
do of 1864
1890
i
1890
'67 ’71
do
Jan. A
do
July
1877
72-’83
do
do
1886
1890
1870
May A Nov
Jan. A July
Jan. A
-
•
.
.
.
t
•••
~
1877
1878
July
r
••••
....
••••
••
—
.
’41-’71
..
Jan. A July
do
do
do
do
’62-’90
•
(Oct.l/67)$32,562,3S3:
Bonds loaned to
Jan. A July
do •
67-’84
86-’96
do
07-’02
J.,A.,J. AO.
•
•
•
Funded Interest (new
bonds)
State Bonds (debt
proper)
do
do
(
do
)......
do
do
(
do
)
..
Bonds
Virginia (June ’68)
$42,813,260:
Dollar Bonds (old),
coupon
do
(old), registered
Funded Interest (new),
coupon,
do
do
(new), regist’d.
Wisconsin (Feb. 28/68)
$284,100):
State Bonds
6,039,500
j 12,973,000
1
19,961,64*
j- 6,844,957
1870
’72-’75 101
’68-’70
1877
1877
do
do
do
...
Jail Stock
Water Stock
Pittsb. A Conncllsv. RR.Loan.
Baltimore A Ohio RR. Loan
Park and Park
Improve. Stock.
Defense Loan.
Floating Debt Slock.Boston
7
Jan. A
July ’75-’85
Varions
'77-’S2
Feb. A Aup |’68-’70
Jan. A July 1870
Feb. A Aug ’77-’92|
do
,77-’92|
1871
do
AugJ
1894
J.,A.,J. AO. 'G8’70|
Jan. A July ’7l-’911
do
1887
| Jan. A July Long.
do
do
Long.
Long
Apr. A Oct. Var.
do
do
Jun. ADec
do
do
’71’78
Jan. &
do
do
July] Long.
do
Long.
Long.
July ’77 ’88
(currency).....
Water Loan Bond*
do,
do
do (currency)..
do
do
do
do
do
’70 ’79
’75 ’7<
’67’95
’67 ’95
’67 ’91
do.
do
1887
1873
’69’72
’73 ’75
May A Nov.
Various.
Various.
55
55%
5?%
57%
Long.
June ADec. ’67 ’76
F.M.A.AN ’74 ’76
6,088,200
1,000,060
1,8*90,000
1,088,000
#36,000
68
68%
68% I 68%
Var.
Var.
845/22
225,000
10 3 i
Mar.
Jan. A
1,000,000
5,000,000
723,966
2,192,168
67%
65
,
284,100
4, V 5,391
250,900
4,335,034
105%
106%|
Jan A J uly 1868
1S70
do
1875
do
1881
do
1886
do
l’68*’71
do
municipal Securities
60% Baltimore ($21,928,656):
Internal Improvement Stock...
•
g^’78
Tan. A July
do
Feb. A
239,166
•
......
881,000
1,393,640
Vermont (Feb., ’68)
$6,039,500:
War Loan
•
Apr. A Oct. 1S71
ASept. 1882
Apr. A Oct. 1883
Jan. A July 1893
21,914,000
2,207,000
4/85,156
1,706,00(1
etc
Bonds endorsed for
RR’s., etc..
m tsuai
’S1-’S7
’Sl-’85
| Jan. A July ’68-’92
'April A Oct |’68-’92 66%
Jan. A July I’93-’00 65
280,366
89%
’82-’00
Jan. A July
j May A Nov.
Apr. A Oct.
Jan. A July
do
2,183,532
1,600,000
4,(95,309
2,400,000
518,577
1,210,803
89%
If 87
! Jan. A July!
2,259,500
798,808
3,275,000
97
1S78
Jan. A July
214,000
776,000
Tennessee
RR’s.,
’88-’90
’91 ’93
do
do
do
10,210.500
400,000
Apr. A Oct. ’6S-’71
jJ.,A.,J.AO.
26,862,000
30,50
Bonds
State Ponds (old)
do
do
(new)
do
do
I
1,092,900
1,612,128
1870:
June A Dec. ’68-’72
’68 ’72
do
May A Nov. 1882
Jan. A July ’71-’70
’77-’78
do
1883
do
ISO 4
do
May A Nov. 1894
1894
do
Mar. A Sep. ’71-’86
7
6
1,599,800
4,724,000
1874
1868
1877
6
6
6
609.500
182,717
’73-’74
6
6
0
8
600,000
1,157,000
SoutiiCarolina (....)$5,28i,611:
Fire Loan
do
1,194.100
600,000
910,200
22,080,800
2,620,750
...
Municipal Bonds
1890
1889
(
registered j
($12,S45,376):
1870
do
do
do
do
...
J.,A .J.AO.
do
do
500,000 6
3,512,000 6
7,000,000 6
1,650,000 7
6
3,000,00
3,272,900
(0ctl/67)$13,970,070:
Bonds for rai’roads, otc
I
do
do
do ex coup j
1870
Jan. A July 1866
May & Nov 1868
Jan. A
do
^.Carolina
92%
’68-’74 to
July
do
Oregon (April, ’6S) $182,717 :
Reliefand Bounty Bonds
Penn’a (Aug ’68)
$33,477,411
State Bonds
(old), coupon ..
do
do
(old), registered...
Inclined Plane Bonds
May A Nov. 1874
Feb. A Aug. ’78-’86
Jan. A
do
6
1,750,000
1,081,500
700,000
1,689,780
3,042,567
10,750,000
do
.
Bounty Fund Bonds, coupon..
July!
J&D. <fc
do
do
Canal Fund Bonds
1870
Jan. A July ’71-’81 100
do
’72-’82
do
1863
April AOet. ’74-’84
do
1885
2,000,000
100,000
July
do
do
1885
1886
7
7
S
7
3,505,000
4,355,516
554,ISO
'966,500
200,000
593,400
’67)
$48,356,622:
General FundLoans
Jan. & J uly 1877
.23
do
1880 128
do
’S3-’85
1,145,000
500,00;
&
:
*tate Bonds—
War Loan Bonds
Io^A (KVb. ’6s)
$300,000:
War Fund Bonds
Kansas (Feb. ’68j $844,475 :
Bonds issued from ’61 to ’67..
Bonds Funding Ter. Debt, Ac..
e
do
899,000
610,000
:
State Bonds to Railroads
Florida (Feb.,’68)
$500,000 :
SUt« Bonds
Georgia (Oct. 15, ’66) $5,706,500:
Western A Atlantic RR. B -nds
do
do
do
Bonds, per act March 1Q, 1885...
Western & Atlantic RR. Bonds.
do
do
do
Atlantic A Gulf RR. Bonds...
Illinois (Sept. 1, ’68) $0,404,730
lllll. A Mich.Canal
U'dB.couiwn
do
do ..regtd'd
State Bond*.....
do
do
do
do
do
do
coupon
War Loan Bond*
IH
770,560
187.500
213.500
Bonds (May^ ’61) 10 or 30y’r
do
(Oct ,’61) 10or20y’r
do
do
Jan. A July
do
712,800
.
of 1864
N. York (Oct.
1,
1872
1883
do
3,555,500
«ONNBCTi’T(Jan.l,67)$10,0:»0,000:
War
do
May A Nov.
65,000
Sterling Bonds (extended)
do
Two Million Loan
War Loan Bonds
*...
War Bounty Bonds
Stc Marie Canal Bonds
Minnesota (Nov. 30, ’67) $325,000:
State Buildings Loans
do
do
(new)....
Loan of 1858...*.
Sioux War Loan 1862
Mississippi (Jan. 1, ’67)
$
:
State Bonds
(Banks)*
Missouri (^ep. 1,
’68) $24,012,000:
State Bonds
25,161,620
12,665,214
6
6
7
7
6
7,000,000
RR. Loan(st’g).
do
(home)
Southern Vermont RR. Loan.
Eastern Railroad Loan
Norwich A Worcester RR. Loan
do
G
100,000
100,000
125,000
100,000
im
31,802,218
Gold Certificates (act Mar,
3, ’63)
Matu red Debt not presented....
400,000
463,000
100,000
lio*
Western Railroad Loan
(sterl’g)
|A*l«d
Bid
r-f; o, £
73-74
Jan. A July
Apr. A Oci
June A Dec
Jan. A July |
6
5
6
5
5
5
5
5
6
5
5
5
5
5
4,379,560
1
j i)ue
Payable.
May A Nov
Apr. A Oct
5
53,000
247,000
4,000,744
r
do
356,021,073
150,000
216,000
107X
1895
1868
5
5
5
5
6
6
5
110,00(
165,00C
94,00(
150,0(K
50,00(
609,000
888,000
200,000
Troy A Greenf.
116%
$100,00(
275,000
*
-
107
103
107
Bearing
Fractional Currency
do
Coast Defense Loan
Bounty Fund Loan
do
do
do
107" 107%
...
no Interest—
U. S. Notes (greenbacks)
do
Rat s
FRIDAY.
Princi
Dp
-
220,000
3,000,000
do
do
do, (sterling)...
War Loan
(currency)
1874
1874 117*:
1871 119
1871 122
1904 103% if,3%
1904 105% 105%
|Jan.
7,022,000
do
107
1885
1886
j May & Nov.
:
do
109*
JMayA Nov.
5-20’s(act Apr. 12/67),re#.
do
(do
do
) cpn..
(
1881
May & Nov.
25/62),re#.)
do
Back Bay Lands Loan
Union Fund Loan
1881
do
Loan of’60(act June22,’60), reg.
|
do
do
(
do
), cpn. f
Loan : 10-40’s (act Mar.3/63),re#. |
do
Jan. & July
1264,246,300
5-20’s
do
1881
1881
Jan. A July
cpn.
5-20's (act Apr.12/68) cpn
Loan of’58 (act June 14, '58), reg. I
do
(
do
do
), cpn. (
v..
1868
1868
1881
July.
1,016,000
:
Loan
do
do
I Jan. & July
1
do
IS,415,000
do ), cpn.
( do
(act Mar. 3, ’64), reg.
do
( do
do ),cpn.
Loan : 5-20’s (act Mar. 3, ’65), reg.
do
( do
do ),cpn.
Loan: 5-20’s (act Mar.3/65N),re#.
do
( do
do ), cpn.
Loan
Loan
do
do
|
INTEREST.
A. mount
luUUnding
in default for interest.
Lunatic Hospital. Ac., Loan
Lunatic Hospital (West. Mass.)
do
do
(
do
)
General Statutes Loan
Loan, funding Public Debt
|Jan. A July 1867
’48 (act
do
are
Stale House Loan
Loan of ’47 (act Jan. 38, ’47), reg.
do
*
MA8SAcnu8.(Jan.1/68)$24,G64,440
State Almshouse
National (Sept.l, 136S).
_
[December 12, 1868-
great favor by giving n* immediate notice of
any error discovered iit our Tables*
Amo«nt
i* default for interest.
CHRONICLE.
’75 ’92
’83 ’90
’78 ’76
1894
December
12,1808.]
THE CHRONICLE.
761
rcr
&(}e €ammenifll limes.
COMMERCIAL
following table, compiled from Custom House returns,show* th«
exports of leading articles of commerce from the por of New York
since January 1, 1868. The
export of each article to the several porti
for the past week can bo obtained by deducting the amount »n thalMt
EPITOME.
number of the Chronicle from that here
given :
Friday Night, Doc. 11.
b»
t-i
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Fish of all kinds
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Tar
Since
Jan.l.
8,966 131,831
150
31,308
...
Wheat,-.bu. 79,-18712,971,159 9,598,211 Oil cake, pkgs
39,240 18,783,23 • 14,794,697 Oil, lard
76,46110.111,119 7,974,624|Oil, petroleum
Rye
5,776 738,810 747,790 Peanuts, bags
“
Malt
12,180 667,576 452,003 Provisions—
Barley
3,51.0 306,829 2,217.001 Butter, pkgs.
Grass" seed..
218
90,379
70,8)9 Cheese
Flaxseed....
208' 76,799 145,622 Cut meats...
Beans
1 612
56,272
42,513 Eggs
Peas
2,183 379,718 712,924 Pork
C.meal, bbls.
800 22,750
66,459 Beef, pkgs...
C.meal, bags.
6,503 254,933 263,667 Lard, pkgs..
Buckwheat &
Lard, ke^s
29,528 hice, pkgs.
B.W.flour,pkg S.825 29,700
Cotton, bales. 11,374 697,738 630,142 Starch..
11,802 Stearin e
Copper, bbls..
339 22,097
16,645 Spelter, slabs.
onper, plates
1,361 11,328
Dr’d fruit,pkg
32,661 Sugar, hhds.&
816 30,843
10,971 bbls
Grease, pkgs.
4,086
100
991 Tallow, pkgs.
Hemp, bales
746
Hides, No..*.
5,419 519,416 305,033 Tobacco,pkgs
19,444 Tobacco,hhds
Hops, bales..
2,473
60,193
Leather,sides 29,617 340,379 2,244,397 Whisky, bbls.
7,245
14,498 Wool, hales
Lead, pigs
Dressed hogs,
Molasses,hhds
and bbls
2,682 20,820 17,8551 No
Naval St ires
Rice, rough,
Crude trp.bbl
....
10,301
12,804 bush
Spirits turp.
680 69,889
67,837
Corn
Oats
..
.
..
224
687
50
9,09)
79,643
8,521
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3,869 48,992
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1,814
4,508
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12 554
183,567
11,139
2,010
3,66'J
82,431
46,S95
43,062
99,187
143,004
o H
.
comyt*
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8,753
2,861
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141,377
87,250
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219,858
143,812
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536,839
1;117,0481,262 492
1,320 995,167
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130,070
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347.741
22,3u5
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Since
Jan.l. time’67
Breads tubs—
Flour bbls. 42,880 2;229,453 2,520,059; Pitch
f
•^.th
~S
—T
cc
CO
Jan* !•
The receipts of domestic produce ior the week and since Jan
aud for the same time in 1867, have been as follows:
7,404
*
*
.cc<o,oco-^iC**ri»Pi2’
<co‘0«ow«0iw®’i!
»n
© sy t-i
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d
in
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yr cy
•
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z!
co ay
.
^ ^
OS t-
•
^
Receipts of Domestic Produce for t!ie Week and since
Ashes, pkgs..
•
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ip
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cy^'^r-I
and firm.
6£d. for com and -J@|d. for cotton.
Provisions, we note more activity in Beef for shipments;
and in hog products there is no
pressure to realize, but ship¬
pers still manifest considerable caution, though not unwilling
to operate when choice goods are offered.
The general con¬
sumptive demand is good. At to day’s market mess pork
sold largely for January and February
delivery, at $25 00@
25 95; prime steam lard, home
delivery, 15£@15Jc.; and
short-ribbed bacon, for January, at I3^c.
This
week.
*
!
too
*
'rflQOQ
Fi
*
.
•
•
’of
co
<
irregular, and Spelter
Hops have been taken
freely for export at low prices. Hay has also declined. Whiskey
has been heavy.
Building materials of all kinds are quiet
and firm.
Tallow has slightly^ declined,
leading to more
activity.
Wool is very firmly held, and the demand shows some im
provement, though still limited. There do not appear to be
any needy holders; stocks are light, and the quantity yet to
come forward from the
wool-growers is believed to be small.
Freights have ruled extremely dull; but the amount of
room on the berth is
limited—(most of the room for British
ports having been engaged ahead), and rates are without
much change.
The advance in Breadstuffs has reduced the
amount going abroad, and Petroleum
shipments have been
curtailed by the speculative complications, but
large quantities
of Provisions and Cotton have afforded
employment to all
the available room.
Business to Liverpool by steam
to-day
was at
scarce
cs co t-
-
cs
,
^
o
co
yirtMOC
oc. cogoho
X3
an
very
~
in
increased demand.
Petroleum has taken an upward turn, with considerable
activity in the past few days, but the movement is mostly
speculators; shippers refuse to pay the prices to any extent.
East India Goods have
deve’oped a better tone, and Cal¬
cutta Linseed has
decidedly advanced.
Metals have been
fairly active; Copper has further advanced, in anticipation
of a higher tariff on the
imported article; Tin has brought
more
~
e> oo cy cy
largely at very full prices, and the stock is
very small.
Leather has partially advanced.
Naval Stores have slightly declined, and close
quiet. Oils
general improvement, with
*
COrH^TTCOrll
tendency.
a
St-25
.
'
CO TP 05 OO CO TP
Hides have sold
show
oint-cociot-W'
-
o>1
lO^ CO HriGO
OO lO rf
CO
Trade continues dull, but it is plain that there is a rapid
growth of confidence in commercial circles—-an improvement
which there are many circumstances to favor, but
any con¬
siderable revival of business is not expected till after the holi¬
days. At the same time, it must be borne in mind that
speculation is likely to be held in check by the various finan
cial measures which are or
may be pending in Congress—
some
of them tending more or less
effectively to the
resumption of specie payment.
Cotton declined, but afterwards recovered tone and
price.
Breadstuff's have slightly advanced.
Groceries have been
doing better, especially in Sugars. Tobacco has had an up
ward
Export* of Leading Article* from New York*
The
£
.
£
s
*3
-
-I
3?
3
OO
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m g
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g
3
tj’o’S'O'
THE CHRONICLE
762
Imports of Leading Articles.
mail returns.
The following table, compiled from Custom House returns, show
the foreign imports of certain leading articlee of commerce at this port
for the last week, since Jan. 1, 1868, and for the
corresponding period
in 1867:
[The quantity is given
in
For
Since
the
Jan. 1,
week.
1868.
•Glass
Glassware
Glass plate
Buttons
3 919
181
127
..
Goal, tons
.
36
Cocoa, bags...
33
19.343
Coffee, bags
44,954 1,091,800
Cotton, bales.
1,151
Drugs, Ac.
Bark. Peruv 1,180
13,182
..
Blea p’wd’rs
Brimst, tns.
Cochineal...
Cr Tartar
Gambler....
Gums, crude
Gum, Arabic
271
29.801
GO
8,932
17
15
5,075
»,689
20,942
...
«...
515
89
Madder
Oils,
ess
3,248
79
306
Indigo.-.....
4,330
12,903
6
550
227
31
250
230
42.028
1.046
—
Oil, Olive...
Opinm
Boda, bi-carb
Soda, sal....
Soda, ash...
118,943
39.966
1,023
Flax
Fare
36,412
1,789
5,982
12,616
75
129
Gunny cloth
902
3 9
.
Hair
Hemp, bales..
Hides, Ac.
7.68S
1,019
Bristles
12S,7o7
6
195
591
5
Hides,dres’d
India rubber..
Ivorv
Jewelry, Ac.
Jewelry
53
47
21
Watches....
Linseed
27,750
Molasses
1,742
1,313
8,720
30,084
2,050
2,281
1,098
635,427
180,442
3,381
5,200
677,290
57
5.408
7 817
3,616
8,711
Iron,RRb’re
381,109
410.260
Lead, pigs..
374,641
Speller,lbs..217,928 5,747,578 3 ,863,537
Steel
6,309
251,152 202,618
Tin, boxes.. 15,618
820,596
741.780
17.632j Tin slabs,IbelOS,070 4,357,983 3,987.830
9j6
879,1481 lings
63,355
53,594
734 Sugar,
hhds,
f 56
1 tes A bbls..
384,231
274,019
lo,8401 Sugar,bxs&bg 7,603 551,988 247,157
24,083 Tea
25,511
735 859
754,714
13,907 Tobacco
3,7f S
47,611
31,222
16
3,197 Waste
1,211
5,012
1,265 Wines, Ac.
287
14,352 Champ, bkts
83.370
81,811
11,395
Wines
2,096
97,051
132,596
5,122 Wool, bales...
774
27,492
37,447
3.132 Articles reported by value.
5.223
Cigars
j 23,156 $621,367 $444,180
3,117 Corks
4,607
176,533 230,324
42,702 Fancy goods.. 10.258 1,360.251 3,021,293
882 Fish..
2r,c:s
516,591 592,793
135,586 Fruits, Ac.
10,416
434,702
3,0 8
543,171
6-,577
749,739
92,275 1,504,277
Lemons
Oranges
Nuts'.
1,815
465,030
675,549
646,707
4,21s
Raisins
930,533
34,705 Hides.undrsd.275,079 6,804,073 8,603,893
5,197 Rice
814,630 451,266
•
165,86 * iSpices, Ac.
|
1,818 i
98!
414,901
•
•
180.645
2,706
Cassia
Ginger
40,522
....
178,717
14,467
23,431
73,050
49,615
261,713
....
9,923 1 Peuner
35,250 Saltpetre
2,214 Woods.
1,311
•
47,134
4
2.249
204
Logwood
Mahogany.
..
139,200
10,351
Cork
Fustic
228,585
104,170
•
•
•
120.965
•
....
54,328
211,719
125,377
133,92"
COTTON.
Friday, P. M., December 11, 1868.
By special telegrams received by us to-night from each of
the Southern ports we are in possession of the returns show¬
ing the receipts, experts, &e., of cotton for the week end¬
ing this evening, Dec. 11. From the figures thus obtained
it appears that the total receipts for the last seven
days have
reached 88,404 bales, (against 91,233 bales last week, 70,989
bales the previous week, and 73,120 bales three weeks
since,)
making the aggregate receipts since September 1, 186S up to
fhis date, 814,71G hales, against 043,568 bales for the same
period in 1807, being an excess this season over last season of
171,148 bales. The details of the receipts for this week (as per
^elegraph) and the corresponding week of 1807 are as follows:
Receipts.
Received this week at—
1868. 1867.
New Orleans
bales. 35,270 24,278
Mobile
12,287 20.833
Charleston
7,905
9,701
Savannah
15,814 18,445
Texas
4,516
2,569
Tennessee, Ac
6,085
6,743
“Receipts
—>
Received this week at-- 1868.
Florida
bales
784
North Carolina
1,262
1867
Virginia
7,281
938
1.172
4,981
Total rece'pts
Decrease this year
88,404
91,96
3,55°
The exports
for the week ending to-night reach a total
of 54,307 bales, of which 32,465 were to Gieat
Britain, and
21,842 bales to the Continent, while the stocks at all the ports
made up
as
this evening, are now 207,936 bales. Below
give the exports and stocks for the week, and also for the
corresponding week of last season, as telegraphed to us by
our own
correspondents at the various ports to-night:
we
Week ending
Dec. 11.
New Orleans
,
.
Mobile
Charleston
Savannah
Texas
New York....
Other ports...
....
Total Same week
<
Contin’t. this week.
18G7.
21,155
11,059
20,757
Exported to
G’t Britain.
9,698
....
4,176
141
4,317
6,209
1 408
5U4
1,408
7,916
1,318
Total...
32,465
Total since Sept 1.210,880
164,169
..
....
....
From the
with the
21,842
,
Stock
,
1868.
1867.
118,630
1,267
4,741
88,670
59,721
16,061
43,926
44,789
11,542
32,258
18,126
6,240
19,794
1,822
16,263
196
12,800
10,949
52,113
25,357
54,307
375,049
49,862
286,944
267,936
298,897
....
-
59,891
foregoing statement it will be seen that, compared
corresponding week of last
there is an increase
exports this week of 4,445 bales, while the stocks to¬
night r-re 30,961 bales less than they were at this time a year
ago.
The following is our usual table showing the movement
of cqUou ^ all the
ports since Sept. 1, according to the latest
in the
season,
telegrams to night, as
obtain the detail necessary,
our
telegraph:
RECEIPTS
EXPORTED SINCE SEPT. 1 TO— Ship¬
SINCE SEPT. 1.
ments
PORTS.
Cutierv
Hardware...
24,797
36,373
by
S;.me
time
1867.
Vfetals, Ac.
360,000
23.919’
6,714
6,567
5,796
125,C 87 1 7,464 j
2,724
....
cannot
Stocks at Dates Mentioned.
For
Since
the Jan. 1,
week.
1S68.
China, Glass & Earthemv’e.
China
317
10,671
Earthenware
912
48,083
We do not include
insure the accuracy or
wo
Receipt* and Exports of 'Cotton (bales) since Sept. 1, and
packages when not otherwise specified.]
Same
time
1867.
[December 12,1868,
1868.
New Orleans
Mobile
Charleston
Savannah
Texas
New York
Florida
North Carolina
1867.
31'4,377 132,897
76,862 105.927
62,623 78,164
121,820 152,4-4
51,573
25,397
67,238
17.076
8,234
47.GOH
14,13$
23,691
849
6,797
16.256
5,261
10,160
28,618
4,583
Other ports
Total this year
69,692
9.495
28.252
6,603
15,311
Virginia
7,221
70,314
6,605
.
9,943
Total.
160.621
26.159
6,797
1,009
4,29 •
23,870
22,698
102,955
782
3,171
726,312
2,482
11,512
782
5.653
toNor. Stock,
Ports.
63,072
105.435
8.969
34,270
12,449
27.401
17,018
46,312
64,910
18,801
30,223
....
2,657
15,311
43,825
....
2,991
10,000
market
has
191,309
92,020
55,020 338,349 253,857
239.847
555,811 '177,4(8
Total last year
The
Great
Oiher
France
Britain
For’gn
21,821
46,027
245,256 210,209
268,8C4
shown but
little animation this
week,
though with only moderate offerings prices have been firm
and higher, closing on
Thursday at 25c for Middling Up¬
lands. This firmness is
chiefly the result of the constant
purchases here and at the Southern markets of the shorts to
cover their contracts.
Spinners have only bought to supply
more
piessing wards, while the sales for export are mostly to
cover, sales at
Liverpool for December and January ship¬
ment.
To-day, with unfavorable Liverpool accounts and a
better stock statement from there than w7as
anticipated, our
own market is dull
but not quotably lower. The sales for
forward delivery have reached 3,000 bales
(all Low Middling
except 200 bales to day) at rather easier rate*, 1,500 bales for
February being sold at 22£c, and 700 bales at the same price
for January.
To-day 200 bales of Middling are reported at
24c, and 100 bales Low Middling at 23c. For immediate
delivery the Utal sales of the week foot up 18,914 bales (in¬
cluding 1,072 bales to arrive), of which 6,750 bales were taken
by spinners, 3,526 bales on speculation, 9,037,bales for export,
001 in transit and the
following are the closing quotations :
Upland &
-
Ordinary
Good Ordinary
Low Middling
Middling
24
....
Below
of
$ lb
Florida.
22 ©....
23 @....
25
@
®....
Mobile.
22%®....
23%@
...
24%®
25%@
..
New
Orleers.
22%®....
28%@...
24%@
25%®....
Texas.
22%©....
23%®,..
24%®...
25%®....
give the sales for immediate delivery, and price
middling cotton at this market each day of the past week :
we
To al
sales.
Saturday
Monday. .'.1
Tuesday
...
Wednesday
1,840 "
1 143
4,487
5,153
Thursday..
3,497
Friday
2,794
Transit
Upland A
Florida.
Mobile.
24%®....
24%®24%
24%©....
24% @25
25 ®..
25 @....
.
24%®....
24%©24%
24%@....
25 @25%
25%®....
25%®....
New
Orleans.
25
Texas.
©....
24%@25
25 ©....
25%®....
25 @2 %
25%@2o%
25%®....
25%®....
25%©25%
25%®....
25%®....
25%@..
Cotton.—Although there have been large offerings of Tran¬
during the week, the sales have been confined to two lines ;
one of 301 bales low
middling at 23^, Mobile to Liverpool by sail, and
the other 300 bales same at 23£c by steam, Mobile to
Liverpool. The
high rates asked have prevented further transactions.
Receipts and Exports.—The receipts continue this week on a
very
fair scale.
There is a manifest dispositi <n among some of the
planters
to hold back fur better prices, and the continued
large sales here at full
rate3 for forward delivery encourage them in
this course. Still the
receipts are liberal an 1, as the exports are only fair, stocks at some o
the Southern ports are increasing.
Very much in the future depends
upon the extent of the India crop this year.
Our advices from Bombay
are very decided in
stating that there will b.j no falling off in the ship¬
ments at that point.
Others, who are usually well informed claim on
different information a different result.
All admit that early
in the
year in n any districts there was too much rain, but later there has
been a change and the prospects are better.
Still from some of the
Northwestern provinces unfavorable reports are received showing a
decreased planting and a probable falling off in the
yield. On the
other hand, from Oomrawutty, Hingunhaut, Dholhra and Dharwar
(and in those districts about three-quarters of the entire crop is raised)
the reports at latest dates appear to
agree in representing a considera
ble increased acreage in cotton and a
very promising appearance of the
plant. We are thus particular in these statements as we desire our
own planters to
receive the highest possible price for their cotton. If
by holding on, as some advise, their prospects woul 1 be improved, we
should of course urge them to do so ; but if the result of such a
policy
is, as we fear, simply to temporarily put up the rates, through an arti¬
ficial scarcity, to be followed by a more deciJed fall when
Bombay
shipments come in more freely, they would be the losers in having to
market the most of their crop at lower figures than can now be realised,
sit Cotton
-
December 12 1868.]
THE CHRONICLE
I The exports of Cotton this week from New York show a
decrease^
only 14,229 bales, against 18,531 bales last week.
Be off we
give our table showing the exports of Cotton from New
7 63
the total reaching
4,176 bales t^ ether foreign ports, 141 balep; coastwise, 3,150 bales. Stock on
11,M2 bales. Sa’es of the week, 2,5''9 bales. The market is firm; Mid¬
dlings, 23% ; tea Island 6C©$1 30.
Yor.r, and their direction for each of the last three weeks
; also
the total
exports and direction since September 1, 1868 ; and in the
last column the total for the same
period of the previous year :
Sawnnab, Ga., Dec. 11.—Weekly net receipt?, 1S2 bales Sea Island and
io,132 bales Uplands; coastwise. 165 bales Sea Island—total 347 bales Sea
Island and 15,132 bales Uplands. Exj orts— ' o
Liverpool, G,2C9 bales; to other
foreign ports, none; coastwise. 184 bales 'Sea Island and 4 239 bales Uplands.
Stock on hand 2,844 bah s Sea Is’and and
29,414 bales Uplands Sales of the
week, 5,542 bales. The market is firm; Middlings at 23%c.
Exports
of Cotton
(bales) from New York since Sept. 1,1868
Total
EXPORTED TO
Nov.
17.
Liverpool
24.
8,480
>•
|
9,418
Total to Gt. Britain.
Havre
OrherFrench ports
8,486
2,705
Bremen and Hanover
1,806
.
;
none; coastwise, 1,768 bales.
10,941
70,314
74.S02
9,943
4,737
Wilmington, N. G\, Dec. 11.—The total receipts of the week, 983 bales;
exports, coastwise, 432 bales*, stock, 500 bales. Market firm; Middlings, 28c:
Sales of the week, 400bales. No receipts coastwise or
exports to foreign ports.
•
•
•
9 943
|
2,701
.
4,737
11,860
9,338
'200
9,426
6,168
21,398
16,455
•
1,724
1,364
200
4,004
4,413
Spain, Oporto and Gibraltar &c
3,288
j
972
All others
I
j
....
Total
Spain, etc
|
....
Grand Total
13.892
j
....
1 18.531
13,4S2
•
!
1,300
;
102.955
14,229
!
BOSTON,
Liverpool, Dec. 11, 5 P. M.—Tbemarkft oi ened steady this morning at 10%d
for middling Uplands, and 11^'d lor middling Orle ns; but as the day advanced
lusiness became qniet, and prices tended downwards, closing at 10>4®1» % for
2,540
98.034
•
following are the receipts of cotton at New York, Boston, Phil
delphia and Baltimore for the last week, and since September 1, 1S68
YORK.
PHILADELPHIA
middling Upland and ll@ll^ lor middling Orleans. The sales of the day
have amounted t# 10,000 bales. The sales of the week have been 64,000 bales,
of which 15,000 were taken for export and 8,000 on speculation. The stock of
cotton in warehouse and shipboard is estimated at 865,000 bales, of which 49,000
are from the United States.
1 he stock of cotton at sea bound to this port is
estimat d at 238,000bales, or which 95,000 are lrom the United States. The fol¬
-
:
lowing table
New Orleans.
Texas
Savanuali
Mobile
Florida
..
Since
2,675
3,707
614
321
North’rn P
o
Tennessee,
Foreign....
•
4,051
•
This
week.
ce
•
•
»
Since
“
Septl.
3,601
is
1,112
2,084
1,102
366
....
•
•
•
....
6.146
2,115
28
....
19,919
223,456
7,119 47,238
502
9,820
-
21,308
191,512
5,521
‘98
11,783
47,633
2,000 22,837
1,606
16.160
as per mail returns, have reached 55,684 bales.
Below we
list of the vessels in which these shipments from all ports, both
North and South, have been made :
.
Exported this week from—
per
The particular of these
follows:
From—
pool.
New York.. 9,467
N. Orleans. 15,201
1,364
1,724
200
4,419
1,274
1,619
....
....
Savannah.. 9,214
Galveston.. 1,619
Bali i more..
504
Total... 36,005
....
1,474
Gold Exchange
1,364
and
6,104
1,724
2,403
1,U09
our
usual form,
Barce¬ Pillau,
lona. Pruss. Total.
200
502
3,526
6,459
14,229
26,056
11,908
1,619
i',3is
l,3d4
are
1.822
2t0
502
3,526
55,634
Freights.—-Gold has fluctuated the past week
between 135f
and T36f, and the close yesterday was 185-f. Foreign
excharge closed firm, especially for sight bills, which ’are selling at $
above 60 days paper. The latest transactions recorded were done on a
basis of 1094U10Vf for 60 days prime bankers sterling, and 110| for
prime bankers 3 days. In freights we notice a slight conceeeion to
Bremen. To Liverpool they continue active at |@#d by steam.
By Telegraph
from
the
South
and
patches from the Southern ports contain
given above:
Europe.—The
following des¬
some matters of
interest not
toast wise, 1^4
1
balou—total receipts, 8,039 bales.
Exports-to Great Britain’
758
1,341
Total previous week..
fol¬
as
was
Bremen, 90 hhds. to
of
Bales. Stems. Ceroons. Pkgs.
162
«
•
•
•
....
324
*
*25
....
,
444
5
216
489
182
354
95
120
14
126
336
...
....
...
....
....
41
....
....
58,774
1,541
•
•
•
•
....
....
....
140
87
Man’f
lbs.
.
.'.
117
377
255
205
60,315
88,156
335,948
usual table showing the total exports
Tobacco from all the ports of the United States, and their
we
give
our
direction, since November 1, 1868:
Exports of Tobacco from tSie United States since Novem
ber 1, 1868.
Cer’s
lihds.
985
To
Great Britain...
1,593
Germany
Belgium
Holland
Italy
40
Cases.
214
528
30
Bales. & tcs.
376
353
117
Stems,
hhds.
3'9
Pkgs. Manfd
& bxs.
448
59
lbs.
294,653
1,877
10
France
6,182
9,759
Spain, Gibralt. &c
Mediterranean
Austria
...
Africa, &c
Jhina, India, &c
Australia, <fec
B. N. Am. Prov
South America
West Indies
East Indies
14
1,688
120
15,628
—
20
15
243
1
276
26
39
51
63
148
128,575
27,999
40,069
61,140
—
Mexico
=
Honolulu, &c
All others
Total since Novi. r...
The
Viiarleston, S. C., Dec. 11.—Net receipts of the week, 7,9C5 bales; leceipts’
shipments of hhds.
35
..
Total this week
Below
Case.
19
44
Total last week
•
1,818
bales 55,634
.
San Francisco
1,685
1,009
.
Hhds.
290
421
New Orleans
604
shipments]] arranged in
....
New York
Baltimore
Boston
9,211
barks Pawnee 883....Norcap 781
4,419
1,685
..
Exp’d this week from
3,5.6
*
from New York ; 424
hhds. and 126 do stems to
409
2,408
HamGlasRottergow. Havre. burg. Bremen, dam.
-
:
were
Marseilles; 53 hhds. to Gibraltar; 8 hhds. to Liverpool, and the
balance to different ports. During the same period the expoits of manufactured tobacco reached 60, 315 lbs., of which
24,600 were Lon don. The full particulars of the week’s ship¬
ments from all the ports were as follows:
9,467
1,474
502
in the exports
The direction of the
15,201
Jeanne 947.
Total exports of cotton from the United States this week
Liver-
lows
Rosetta McNeill 1,789. ...Monsoon 2,886..
Baltimore—To Liverpool per bark Regena 501
To Bremen per steamer Baltimore 1,318
as
Boston.
Total bales
To Pillau, Prussia, per steamer R*ga 3,526
Savannah—To Liverpool per barks Emerald Isle 4,889 Upland and
11 Sea Island—E. H Duval 2,126 Upland....Liverpool 2,158
Up¬
land and 20 Sea Island
To Havre per bark M. G Reed 1,685 Upland
To Bremen per bark Carl George 1,009.
.
Liverpool
decrease
hhds. and 126
pkgs. steins from Baltimore; 19 cases and 25 bales from
a
New York—To Liverpool per steamers Denmark, 3,013....City of Bos¬
ton 821. .Russia 886. ..Samaria 1,958
City of Washington 1,159
Per ship Cynosure 1,600
To
Glasgow per steamer Iowa 1,474
To Hamburg per steamer Bornesla 973
per ship Guttenbitrg 391..
To Bremen per steamer Union 1,724..
To Rotterdam per bark M eta 200
New Orleans—To Liverpool per ships Golconda 3,289. ..Polari-tar 2.416
a
bales and 14 stems
of cotton from the United States the
past week,
Galveston—To
U%
10%
Fr.
10%-%
u-%
of crude tobacco this
week, the total at all tlie ports reaching only 158 hluls., 210
cases, 354 bales and 140 pkgs. steins, against 1,341 hhds., 489
cases, 95 bales and 81 stems for the previous seven days.
Of these exports for this week, 290 hhds., 162 cases, 324
2
i78
2,320
There is
795
9,815
•
198
389
bark Mauldslie 1,820 and 10 bags Sea Isl md
To Havre per ship Wallace 3,472... .Per bark
To Bremen per ship Crystal 2,408
To Barce'ona per brig Faroon 502
10%
Friday, P. M., D. cember 11, 1863.
72
4,116
22,562
8,375
...
Thu.
107;
TOBACCO.
887
94
765
1 227
Total this year
Expounder 3,501
u%
Wed.
Up. to arrive.
576
1
give
10%-%
ll->*
:
.
■
821
Shipping News.—The exports
Tnes.
10%
Price Midd. Uplds.
4*
“
Orleans...
eek
w
2,421
870
•
ill show the daily donn* prices of the
-
•
*
288
....
•
•
12,638
23,790
4,347
25,268
2,025
.
Sii
9,699
....
2,657
39,760
764
Virginia
This
217
7,373
4,914
Since
Septl. week. Septl.
3,112
35,763
15,403
61,169
848
..
This
week.
Sept. 1.
w
Mon.
BALTIMORE.
RECEIPTS FR0M--
This
week.
hand, 44,7:9 bales.
ni‘
2,122
'418
The
NEW
on
Galve-ton, Dec. 11.—Receipts of the week, 4,516 bales. Exoorts—to Bren, 1,408 bales; to Boston, 1,C08 ba’cs: to New York, 853 bales: to
Or¬
leans, 89 bales. Stock on hand, 18,126 bales. The mark t is firm; gjod Ordi¬
nary, 16%@16%c. tales of the week, 1,143 bales.
861
972
328
—
|
972
Stock
Norfolk, V*., Dec. 11 .—Net receipts of the w*eek, 5,127 ba’es; exports,
coastwise. 4,150 bales; on hand, in stora 8nd on shipboard not cleared, 1,255
bales. The market is qniet, aud strictly Low Middlings, are quoted at 2Sc.
Sales ol the week, COO bales.
i
Total to N. Europe
Sales, 300 bales ; Middlings, 23®
Receipts, 2,513 bales. Exports, 1,288 bales.
9,000 bale1. Receipts. 12,287 bales. Exports—foreign,
figures.
72,446
1,856
8,823
'590
2,499
1,505
Dec. 11.—Demand limited.
68,523
1,791
2,903
....
,
at inside
8ales of the week,
....
8%
Other ports....
Mobile. Ala
23%c —closed
.
....
2,705
gross,
9,467
i 1,474
292
2,902
...
Total French
date.
bales;
Exports
the week—Liverpool,
9,698 bales; continent, 11,059 bales coastwise, 2,691 bales, fctock, 118,680 bales.
prev.
year.
to
8.
1
9,952
110,244
9,478
Dec.
|
I
Other British Ports
1
Nov. 1 Dec.
New Orleans, La., Dec. 11.—Net
receipts of the week, 35.27C
36.648 bales; 'eceipts to-day. n,778 bales.
of
Same
time
WEEK ENDING
Hamburg...
,
nand
above
20
9.334
1,552
1,854
117
403
1,185
573,546
following table indicates the ports from which the
exports have been shipped ;
T*
76,4
THE CHRONICLE
From
New York
Baltimore
Hhds.
3,278
.
-
2
95
02
.
Stems
hhds.
Bales.
1,309
G,582
.
Boston
Tcs. &
cer’s.
117
1,744
Cases.
m
t
m
m
•
•
•
Virginia
9,334
177
20,596
-4
X
”5
...
....
.
4,931
405
•
86
m
547,702
....
65
...
P&rtland
Tota’ since Novi.
579
„•••
124
.... r
Lbs
pkgs. Manfd.
14
389
Philadelphia
New Orleans
3an Francisco
Bxs &
1,552
117
1,854
....
403
1,185
573,546
The market has ruled rather
The demand for
Kentucky
either for consumption or
quiet the past week.
Leaf has been less pressing,
shipment, and prices have been
barely tupported. The sales amount to about 400 hhds., half
of which to cutters and the balance for
export, prices ranging
from 8 to 14yc. The liberal estimates of the
crop (190,000
hhds. of all
growths,) and the full stocks in some of the
foreign markets, cause buyers to operate sparingly.
Seed Leaf has also been dull
stocks
small, and the
The estimates of
the crop of 1808 are about
56,000 cases against 34,000
cases last
year, and buyers are not disposed to press orders.
The sales
,
assortments not such
29
as
;
to attract
are
buyers.
which the
offerings have been quite limited and the demand
only has the trade been anxious to secure supplies
but shippers and
speculators have been in the market for round
lots which
they have found it difficult to secure at a material
advance. The medium
grades have also improved, but the
higher grades are without quotable advance.
Wheat has advanced 10c per bushel on
Spring; but an effort
to advance Winter Wheats has not been
wholly successful, al¬
though they have been more freely taken at some improvement
for consumption.
Spring Wheats have felt an active milling
demand with some speculation and
export, and prices have been
steadily advanced ; the views of holders keeping, however, so
far ahead of those of
buyers that business has not been large.
No. 2 Spring closed at $1 62@1
65, in store and afloat, but
with free sellers at these
figures.
Corn lias been
drooping. There lias been a moderate‘‘ex¬
port demand, with $1 16£ paid to-day for prime mixed for
Liverpool, and the Trade has purchased moderately, but with
the receipts of new corn, the
offerings have exceeded the de¬
brisk.
Not
Pennsylvania, 11c; 150 cases Connecti¬
of 1807, I3^@17c, and 25 cases Conn, wrappers,
40@45c, actual weight for export. Havana remains quiet;
100 bales fillers sold at
12@l4e, gold, in bond, with a retail mand.
trade in the
range of S5@105c, currency, duty paid. Nothing
$1 10.
new is
reported in manufactured tobacco.
are
cases
cut, crop
QUOTATIONS IN
Light.
7X(& 8%
© 9X
@11
Lugs
Common Leaf.. 9
M uium
do. 10
Light.
Good Leaf
Fine
(§>11
UX(&12X
Heavy.
11^'@12#
do
...
Selections.
Connecticut and Massachusetts fillers
“
“
*•
average lots
“
tl
“
fine wrappers
New York State fillers
“
“
average lots
“
“
...
13
@14
14^@15
15X©16
13
@14
' 14X©16
Old crop.
6
@7
12 @20
30 @45
G
8
12
6
8
12
wrappers
fillers
Pennsylvania and Ohio
Average lots
Wrappers
New crop.
10 ©12X
30 @40
50 @05
6X@ 7X
@ 9%
@14
@30
12
@22
@35
G ® 6X
S>£@20
15
@ OX
@1G
©2$
15
©35
Spanish.
Havana.
|
@80
| I cut
® 91X I IIcut
@105
| Average lots
Manufactured (bxs. in bond.)
75
03
100
Fine.
Yura.
75
„
10
8
8
3
London
G asgow
Marseilles
•
»
•
•
•
»•
•
50
4
1
Canada
British N. American Colonics.
..
•
•
6
20
•
•
•
Total for week.
..
290
....
21
•
•
•
•
•
•
•
•
•
•
....
•
«
»
1
•
•
,.,.
*
.
®
•
•
•
....
11,859
2,912
.
6
....
.
...
.
.
•
162
bbls.
750,000
2,563,210
8,102,205
FOR THE WEEK
AND
.
.
.
....
....
....
....
14
•
.
.
.
336
5,797
1,640
1,791
58,774
*
hush.
bush.
Earley.
Oats,.
bush,
hush,
66,267
Went Ind. week.
8,344
since Jan. 1
215,237
102,188
hush
53,305
37,200 5,480,883
.,
10
1,150
120,508
750
3,135
1.
Corn
....
138 5,358,603
505
3,103
35,872
93,426
....
7,867
21
90
3,800
103,854
805
61,642
1, 1868 952,419 183,749 6,512,872 152,903
00
'82,4045,772,562
time, 1867 838,511 145,317 4,304,151 437,159
886,803 142,835 7,703,37g
„
.
Since Jan. 1
Boston
Philadelphia
Baltimore
from
190,981
59,928
56,295
From Baltimore—To Bremen 409
hhds. and 120 do stems....To
Liverpool IO
hhds....To Dtmerara 5 hhds and 1,541 lbs
manufactured.
From Boston—To To -t. Pierre
Mique.on 10 cases anl 7 boxes
To Port au
Prince and
To Bntl h Provinces 34 boxes.
Kingston 50 half bales
From New < >rieaus To Bremen 44
hhds.
From San Francisco-Jo Victoria 35
cases
To Mexico 5 baler.
224,859
EXPORT OF BREADSTUFFS TO
From
New York
NewOrleans
materially dim"
inished, although more liberal toward the close, and
prices
have taken an
upward turn, especially in the low grades, of
-
...
66
4,691
27,860
551,395
15,417 560,069
4,606
BRITAIN AND IRELAND FROM
Flour
bbls.
Date.
..Nov. 26, 1868..
Philadelphia
..
“
Baltimore
Boston
California
Other ports
26, 1868..
116,572
2,524
SEPT.
Wheat,
Corn,
2,242,958
554,774
3,552
bush.
143
8
3,018
1,757,208
....
Total
....
bush.
■
....
6,615
122,635
same
same
period, 1867
period, 1866
.
THE
4,000,161
569,941
264,089
46,441
.
TO
Friday, Dec. 11, 1868, P. M.
buoyant except
16,108
13,590
GREAT
431
...
51,749
1, 1868.
To about
To about
BREADSTUFFS.
27,090
36,211
45,561
maa
for the week, from, the
Ihe market this week has been
generally
for Indian Corn. The
receipts of flour have
SINCE JAN.
102.036
....
225,658
Rye,
Total exp’t, week 23,3S7
•
The exports in this table to
European ports are made up from
cats, verified and corrected by aD inspection of the
cargo. •
bbls.
3,727
N. A. Col. week..
4,410
since J an. 1
203,957
same
324
The direction of the
foreign exports
other ports, has been as follows:
1,170
,050
80,170
8
since Jan.
....
....
To
108,000
10,080,575
15,250,420
11,308,210
YORK
6,405,900
136,750
IS,810,670
774,730
2,870,540
.
40
...
NEW
92,030
6,740
224,105
13,893,080
Flour, C. meal, Wheat,
565
•
....
•
FROM
week.
245,565
v
Since
Jan. 1.
»
....
...
FOREIGN EXPORTS
Gt. Brit. week....
%vaceJan. 1......
...
....
.
....
•
•
.
....
»
....
•
.
14
20
•
•
.
•
10
•
•
24 600
1867.
i—
2,742,355
454,820
Oats, bush
9,610
80,675
5,985
377,695
108,810
16,775
140,425
Rye, bush
Barley, &c., hush
follows:
For the
...
....
•
Lbs.
mant,
50
....
•
....
....
.
....
«
•
3
;
.
....
44
•
•
1
.
253
....
‘”b
4
.
....
....
53
....
•
•
241
45
....
....
Go
Rrterdam
Danish \VTest Indies
Dutch West Indies
Gibraltar
•
•
*
30
.
Bremen
•
....
•
•
•
•
15
14
•
Argentine Republic
Flour, bbls
as
NEW YORK.
i
YORK.*
Pkgs.
AT
—18G8.
>
For the
Since
week.
Jan. 1.
Wheat, hush
Corn, bush
Cases. Bales. Stems. Pkgs.
90
H
Canary Islands....
RECEIPTS
Corn meal, hhls
Liverpool
Central America
New Granada.
Venezuela
Brazil
.
Tbe movement in breadstuffs at this market has been
the exports of tobacco from New Yoik
Hhds.
British West Indies
British Guinea
Fre ich West Indies
Corn Meal....
$4 75© 5 75
$ bbl. $6 00© 0 45 WheaLSprlng, per bus'n. 1 45© 1 75
Extra State
7 00® 7 50
Red Winter
1 75© 1 00
Shipping R. hoop Ohio. 7 25© 7 50
Amber do
1 05© 2 08
Extra Western, com¬
White
2 05© 2 25
mon to good
7 C0@ 7 40 Corn, Western Mix’d*old 1 12© 1 17
Double Extra Western
Western Mixed, new... 1 05® 1 10
and St. Louis
7 50@12 09
Yellow
1 05© 1 IS
Southern supers
7 50© 8 25
White
1 05@ 1 20
Southern, extra and
1 48® 1 55
Rye
family
8 50@12 50 Oats, West, cargoes new
77©
80
Californa.
7 00©12 00 Barley
2 00® 2 25
Rye Flour, fine and super¬
Malt
...'.©
fine
6 50© 8 40 Peas Canada
1 38© 1 55
Superfine
@30
@30
@85
15
40
EXPORTS OF TOBACCO FROM NEW
..
Flour-
@25
25
good and fine
roburg
Antwerp..
somewhat
....
@80
102^@110
82%© 83
.
Black work—common and medium
“
good and fine
Bright“work—common and medium
The following are
for the past week :
Rye Las
Western Mixed may be quoted at $1 05@
become dull and closes weak. Harley con¬
unsettled, by the parcels of foreign which
offering. Oats have been advanced to 80c afloat, but the
close is dull and heavy.
Barley Malt and Canada Peas are
entirely nominal and unsettled.
The following are
closing quotations:
Seed Leaf—cases.
Common
Good
new
are
Kentucky Leaf (hhds.)
Heavy.
10
The
tinues
CURRENCY, PER LB.
8X(& 9X
[Deoember 5,1868,
G,811,611
1,359,034
2,395,451
1,170,789
CONTINENT,
Flour,
From New York to Pec. 4,1868.
From other ports to latest dates,
Total
To about same period, 1867
To about same period, I860
bb's.
bush.
12,594
937
bush.'
Corn,
63,156
bush.
200
304,’123
63,156
200,638
7,000
16,049
41,436
4,172
9,810
2,784
22,184
Wheat,
20 0
4
GRAIN 'IN NEW YORK
WAREHOUSES.
Dec. 9,
Dec. 10
1866.
3,409,733
2,050,439
2,852,184
1,804,216
1,653,094
3,199,563
1,352,000
3,051,000
2,210,000
73,194
82,101
Nov. 30,
Oats
1868.
2,910,853
2,230 745
2,489,102
bush.
Oorn
Dec. 7,
1868.
Wheat
1867.
250,6-25
367,881
8,393,406
73,493
70,707
Malt
at
221,522
14,248
Cleveland
152,257
9,554
16,212
10,185
5,356
Milwaukee
Toledo
Detroit
81,200
...
40,363
......
...
Barley,
Oats.
bush.
110,404
18,427
13,077
1,366
14,900
8,555
18,500
4*933
170,786
173,776
56,000
14,006
31,400
416,724
327,964
344,869
102,066
130,226
505,527
102,432
77,417
Correspond^ week, ’67.- 8^,255
4t
’66.
60,721
(l
44
’65.
57,727
Totals.
Previous week
8,806,500
320,500
6,725
44,093
bush.
57,062
Chicago...'’
7,354,465
Corn.
bush.
Wheat.
Flour*.
bbls.
At
21.250
84.250
'507,700
ending December 5 :
Lake Ports for the week
’
1.581,000
18,432
83,445
9,109,563
Rye....
reas....:.:.:::.
Total
392,805
2"2,900
346,975
294,937
Barley i
Receipts
501,792
364,230
225,272
646,620
Comparative receipts at the same ports, from
148,493
74,978
120,303
bush.
Eye
bush.
13,090
5,376
2,500
,450
1,200
59,826
22,166
23,307
9,632
9,5(2
21,086
33,502
29,048
106,189
Wheat, bush
1865 °
3,247.1
—8*i
1866.
.
.
lev,
Bye bu
1867.
3,971,035
.
3,579,043
3,890,703
30,528.940
30,207,765
18,845,052
'2,589,921
28,871,213
30.722,185
26,825
27,402,162
12,781,882
1,8 5 ,239
1,669,361
27,447,559
37,819,294
12,483,615
2,203,934
2,314,519
78,236,264
82,268,921
70,227,236
14,111,815
2,861,690
1,661,910
,
.
S3,833,5S8
Chicago, Milwaukee
Eastward Movement from
week ending Dec. 5 :
Flour,
Wheat
in
bush.
46 000
5...
191,231
74,3.26
Store at
the berth for Sydney to carry flo ur.
fully employed, the local require noent ex¬
ceeding 600 bbls per day. This, with a constant export drain, keeps
the city mills running Dight and day.
The business is slso profitable
millers having’the run of the wheat market, making selections suited
to their wants within a wide range of prices, oftentimes far be¬
low the export rate, for the reason that the barley and oats mixed
with the wheat, and which renders it un fesirable for shipping, is worth
when cleaned the first cost, to say the least, while the cheat, chess, etc.
—in fact, all the offal—is worth net $20 per ten to the miller, thus
enabling him to sell bis flour comparatively below the relative value of
the wheat.
It should be remarked that a considerable portion of the
wheat now offered for sale is foul and otherwise inferior, and for the
lower grades the demand is moderate even at very low rates, while for
choice samples good prices are readily paid. - We have yet an esti¬
mated surplus of four millions centals breadstuff for expO:t, which, of
course, includes the million surplus promised from Oregon.
however, note the Penang
Our millers
1,300,002
and Toledo, for the
now on
to be all
seem
GROCERIES.
Friday
Trade in this
has
line
Evening, December 11, 1868.
generally shown
an
improvement,
but rather in the better tone than in the amount of
tions.
Little has
been
vanced.
the
the
Sugar has
done in Rio Coffee, and in Tea
business has been confined
recovered from
transac¬
chiefly to
a
line trade.
previous depression and prices
In Molasses the chief feature
are
ad¬
has been the liberal
sales of New Orleans.
Wheat,
bbls.
Week end’g. Dec.
Previous week...,
We remark a fair export inquiry for China, including liberal invoio
of flour and wheat; two small cargoes are also being prepared for R
de Janeiro.
The Australian demand seems to be nearly at an end fo
this season, the business seemingly overdone early in the sum uer. W er
January 1 to Dec. 5 :
1S68.
.
765
THE CHRONICLE.
December 12, 1868.]
571,696
Oats,
Corn,
bush.
bush.
106,041
241,838
Barley,
53,390
200,702
bush.
:
2,085
34,728
Eye]
bush
41 396
20,504
Chicago and Milwaukee Dec. 7:
1S08.
1S66.
Chicago, bush
Milwaukee, bush
......
1S67.
643,700
303,000
691,100
466,000
828,100
188,000
1,097,100
i,oig,ioo
946,700
Total
.
The
imports for the week are quite limited ; included in them
cargo of Japan Teas, one cargo of Rio Coffee at this
port and one at New Orleans, and 3,797 bags of St. Domingo
Coffee by steamer. The receipts of Tea by steamers from
England and the Continent continue to be quite liberal. New
are one
J Orleans Molasses
comes
bbls. for the week.
in freely, the receipts being 4,026
Full details of the
imports at the several
Market.—The following able review
of the condition of the grain trade on the Pacific coast is taken from
ports for the week, and since Jan. 1, are given below under
the San Francisco Commercial Herald and Market Review:
the respective heads. The totals are as follows:
Our receipts of flour and grain are now considerably in excess of any
This
-From Jan 1 to date—,
week.
1868.
1867.
former year in our history at the corresponding date of the seaso^
Tea
lbs. 279,105
33,528,695
33,346,231
while our exports to Great Britain and elsewhere have been liberal and
Tea (indirect import)
2,848
43,873
18,921
pkgs.
7,800
1,059,200
1,137,726
the shipments East go to swell the aggregate beyond those of like
372,296
4,439
Coffee, other...
bags.
473,714
377,448
7,673
.boxes.
periods of the past. At the same time, our warehouses are all filled to Sugar
557,042
2,268
443,636
Sugar
..hbds.
400,303
111,174
repletion, as is also the case with the great majority cf those in the Sugar
bags.
Molasses
bbds.
402,900
l‘,4i4
345,112
interior situate at prominent grain-growing localities and at available
12,687
4,020
19,277
Molasses, New Orleans
bbls.
points, for shipment to tide-water, in case it should be required for ex
TEA.
port during the winter.
There has been a fair line trade during most of the week, though dull
During the past few weeks there has been a slight monetary striagency apparent in certain quarters from whence farmers and dealers at the moment.
In invoices a very moderate business has transpired
have been accustomed to draw their supplies.
The effect has been to closing with an auction sale to-day of some 700 half chests, mostly*
loosen the girths of many feeble wheat holders, driving them, con- blacks, in English order, at prices which could hardly have proved retrary to their previous inclinations, to sell more or less of their grain# munerative. Sales embrace 5,819 half chests Japans,2,246 do Oolongs
This has had the effect to weaken prices somewhat, and to enable & and 828 do Greens,
few shippers to enter the market as purchasers, with a view to better
Imports of the week embrace a cargo of Japans, per “ Emma,” from
tbeir grain averages. This has been done to a limited extent, and has Nagasaki, and 2,848 pkgs. by European steamers at this port, and 94
afforded slight monetary relief by furnishing an increased supply of at Boston. No further advices from China are at hand, and our usuaj
sterling bills.
.table, having only the changes above noted, is omitted.
COFFEE.
The weather is yet propitious, and has been remarkably so for the
Prime and choice grades have been scarce, and for these there ha9
ingathering of our vast grain crops, most of them being now well nigh
secured and housed from the rain, which may reasonably be looked for been an active demand. The inferior kinds during all the former part
at any time, when our farmers will again be enabled to speed the plow
of the week were dull and overlooked, and for all kinds a deduction of
harvest, preparations for which having
and sow the. seed for another
—
,
i cent was made. Within a day or two, however, there has been a
.
,, i
,«
already been made for a wider extended area for wheat cult.ration better prospect for ^ ,ower gradea>and 8alee made to.day of foir ajo
than ever before in our istory.
are under8jood j0 have brought prices J cent better than could have
It is beginning to
a ma ter o
prions concern wi e in mg beeu obta;Ded two days since. In other descriptions the only noticeable
o{ Bio
part of our commercial community as to the tonnage supply at disposal featur(j b the ea,e of 8)000 mata JaTa. Salea include 8
for the removal of our remaining wheat surplus prior to the ingathering
and 2g2
of cther kinds
Q ^ of
of another harvest.
i *
v.
Early m the season many of our wheat to
j
j
growers
.
f ,,
. have ,
. . ,.
, ,
Imports of the week ,
been very small, including only two carrefused to sell their gram and willfully withheld the same lrom mar.
T
»
, I..
...
.
,
*
B
goes of Rio, viz., “Lord Baltimore”, at this port, with 4,000 bags, and
^ i
0
J
ket. uuiuuig it far above the reach of those anxious to purchase it. The °
holding
,
,
„ , AT
® „
Kui,
“Pocahontas,” at New Orleans, with 3,800 bags. Of other sorts, 8,797
result has been to drive away a sccre of our largest and best ships,
t> .
,
l
compelling their owners to accept charters for guano, dyewoods, etc.,
besides sending oihers to Hongkong, Manila, etc., seeking business.
are
These ships are now beyond recall, and those of our producers who are
The stock of Rio
10,
1 to
yet holding out for fancy prices for their breadstuffs will soon find that in 1868
were as
:
New Savan. & Galshippers are indisposed to continue their ventures into a new year when
New Phila- Balti
it must necessarily come into direct competion with a new crop.
In Bags.
York.
del. more. Orleans. Mobile, yeston. Total.
Eastern advices report a dechnmg wheat market.
Rates now tele- game date 1867. 110,’695 l’soo 28,000 35,000 1,500 L400 178,493
graphed across the country are far beltw those ruling at any time xmp0rts
710,299 13,736 237,544 75,259 16,562 5,800 1,059 200
San
Francisco Breadstuffs
.
-
.,
,
_
,
46/b
ui duuiuci
,,,
L
,
.
„
.
ba&8 from St* R°miDg° per steamer Port au Prince, and 600 bags from
Liverpool the only receipts.
coffee Dec. and the imports from Jan. date
and 1867
follows
Within two years
past,
" in 1867. 736,869 33,770 262,920 1X1,988
3,542 18,662 1,187,726
766
THE
Of other sorts the stock at New York Dec.
10, and the
several oorts since Jan. 1 were as follows :
In bags.
Java”
Stock.
tl,936
8,500
x....
8,819
3,863
Ceylon
Singapore
Maracaibo
Lagnayra
Bt.
Domingo
2,469
..
Total
Same ’67
N.
....
•
33
40,082
44,846
•
brio’s
47,8'9
•
•
.
,
.
,
,
tl
.
•
•
87,030
....
•
....
15,879
2,965
800,061
214,033
•
•
22,628
«...
14,864
•
•
9,704
.
.
.
..
.
.
,
,
,
13,875
.
94,041
....
....
•
.
18,588
..
56,698
66,161
....
,
••••
150
209
49,639
22,778
50,013
1,379
1,379
209
372,296
not
un
considerable extent
Import, import. import. import, import, Total*
import*
21,178
*65,552
18,588
♦3,761
04,008
34,070
40,478
20,153
Other
Balt.
[December 12,1863.
imports at the strengthened by this relative
position of the markets, and it is
likely that this spice will continue to go abroad to a
<r
-New York-^ Boston Philadol.
CHRONICLE.
FRUITS*
In
foreign dried stocks here and in neighboring cities continue
too
large to admit of much animation in the trade. We note
the sale at
auction to-day of 401
bags cf Tarragona Almonds at 13f319Jc., and
15 bales of Princess do at
3l@35^c.
and
receipts liberal.
Domestic dried have been quiet
Southern, under pressure of heavy stock, have
♦
declined about 1 cent.
Includes mats, &c., reduced to
bags.
X 3,190 mats.
Foreign green fruit has been in good
\ Also 13,000 mats.
supply
and prices
steady. Malaga Lemons are a fraction higher. Havana
SUGAR.
Oranges have arrived in large quantities,
though still nominally holdj
Holders of raw Sugars have been
ing their former prices.
extremely confident in the firmness
and advance of the
market, and have in consequence held
Annexed are the ruling
quotations in first hands.
tenaciously
for full prices.
With a dull demand for their own
productions, refiners
have been
....
...
unable to operate, but for
nearly all of the week under re¬
view there has been a
constantly strengthening market for refined
sugars, which has cent their manufacturers into the
market as buyers
for as little as would
supply their wants, and the result has been a
week of entirely firm
prices but somewhat spasmodic business. The
trade has taken little or
nothing. Prices for all kinds have advanced>
those for refined the most
decidedly, and the market for aU classes
strong. Sales include 3,001 hhd?. of Cuba, 46 do
Demerara, and 2,914
boxes.
Tea*
Duty: 25 cents per lb.
/—Duty
Hyson,Common to fair. ..1
do
Superiorto flne....l
do
r
aid—
@1 10
@1 40
00
16
/—Duly paid—,
do
jdo Ex f. tofln’st 95
@1 ( 0
Uncol. Japan, Com.to fair..
90® 95
do
Sup’rto flne.l €0 @1 08
do
Ex f. to finestl 10
®1 20
Oolong, Common to fair.78® 80
do
Superior to fine... 90 ®1 25
do
Ex fine to finest.. 1 85
®1 60
Souc. & Cong., Com. tofair
75® 85
do
Sup’rto fine. 90 ®1 10
do
Ex f. to finestl 25 ®1 to
Ex fine to finest.. .1 45
(ctl 60
Y’gHyson, Com. to fair... 92 @1 10
do
Super, to fine. .1.20 @1 45
do
Ex fine to finest! 48
@1 75
fairl 15 @1 30
Sup. to fine ,1 40 ©1 58
do Ex. f. to finest. 1 65
@1 90
H.
Sk.&Tw’kay,C,to fair. 80 (§4 85
do
do Snp.toflne 88
® 92
Gnnp.A Imp., Com.to
do
do
The
imports of the week show a decrease from the
Coffee.
boxes, but a slight increase in hogsheads. At all previous week
the ports the
Duty: When imported direct in
receipts foot up 7,673 boxes, against l<>,669—and 2,268
Amsrican or equalized vessels from
hhde., against place of its growth
713 last week,
making the total receipts to date 473,714 boxes and Cape of Good Hopeor production; ulso^ the growth of countries this side
when
in
657,042 hhds., against 377,448 boxes and
443,636 hhds.
Details for the week are as follows :
to
last year.
/—-Cuba—* P.Ri.Other N. O.
bx’s. hhds. hlids.ahds. hhds.
N. York 4,415 1,312
325
Portland
Boston
163
At—
,
Cuba
P. Rico, Other
boxes, hhds. hhds. hhds
*
At—
Philad’l...
2,309
Baltimore.
401
197
752
N. Orleans
—
Stocks Dec. 10, aud
date
same
imports since Jan. 1, 1868,
—Cuba.
PRico.For’n,
At—
b’xs. *hhds. *hhds +hhds. Tot’l,
♦hhds.
N. York stock
33,170
38,517
Bame date 1867
23,053
Imp’ts since Jan 1.231,187 263,532 37,258 24,758 16,331
325,548
Portland
do
18.836
327
8,076
3,023 11,426
Boston
do
65,749 56,528
7,425
Philadelphia do 58,832 6S,057 3,645 6,883 70,836
1,057 72,759
Baltimore
do
32,499 2S,459 24,431 11,185 64,075
New Orleans do
69,109 11,660
485
,
....
....
.
.
.
Total import
Same time 1867
....
*
.
253
473,714 436,967
377,448 351,399
73,571
34,466
15,981
56,600 232,184
an
Duty: On
09,314
107
12,393
700
Includes barrels and tierces reduced to
hogsheads.
Orleans Molasses.
as
an
almost
daily succession
21 © 21
Sales of this
contributing to the firmness
description
of
auction sales of New
hardly be
can
conside-cd
neglected, and
more than nominal.
Sales include 3,417 bbls. New
Orleans, nearly all at public sale ;
623
hhds. Cuba, 667 do Porto
Rico, and 964 do Trinidad, at P. S.
The aggregate receipts are era'll!.
The
1,414 hhds. against 1,974 last week. The receipts at all ports foot up
total receipts at the
aince Jan. 1 now reach
ports
402,900 hhds., against
345,112 hhds. in 1867.
Details for the week are as
follows
Porto DemeNO
at—
Cuba. Rico. rara. Other, bbls
N. York. 269
684 4,026
Portl and
Boston
61
:
*
Hhds.
at
Philad’a.,
Baltim’re
Stocks, Dec. JO,and imports since
♦Hhds at—
New York, stock
“
same
Imp’ts since Jan.
Portland
“
Boston,
“
“
Philadelphia
Baltimcre
“
NewOrlears
“
Totalimport.
Bame time 1867
*
Cuba.
d ito ’67
1
11,269
7,671
Porto
Rico.
1,064
rara.
40,080
268,198
380
9,278
739
2,354
2,674
212
27,370
18
13,123
follows
Total.
foreign, foreign.
930
944
31,216
Othor
1,433
1,138
21,056
5,917
323 659
wete as
34,316
49,544
Includes barrels and tierces
reduced to hogsheads.
13,766
9,356
: 8 cents
N.O
bbls.
900
950
55,757
77,887
23,801
14<© 14}
14 © 15
5f@
6}
11 © Ilf
11}® 13}
101% 11}
11}
10}©
15,®
15}®
14}®
13}®
15}
15
14}
14}
New Orleans
Porto Rico
$ gall.60 ® 75
do Clayed.
B&i badoes...
42 ® 65
40 ® 48
CubaMufoovado
37 @ 40.
.
42
.
® 65
Spices.
Duty: mace, 40
;
cents; nutmegs,
cassia and cloves,
20;
and gingor root, 5 cents <J850;
lb.
Ginger,race and Af(gold)
Mace
(gold)
Nutmegs,No.l....(gold)
53®
54 j Pepper,
12 ®
12} I Pimento,
95 ® 1 00 I Cloves
96 1
95®
peppei ai p
(gold)
23}®
(gold)
®
30 ®
Jamaica.(gold)
24
21
..
31
Fruit.
Duty:
Raisins, Currants, Figs, Plums and
Prunes,5; Shelled Almonds,
Almonds, 6; other nut3,2; Dates,
Walnuts, 3 cents $ lb; Sardines, 2; Pea Nuts, 1; Shelled do, 1}, Filberts and
50; Preserved Ginger, 50; Green
cent ad val.
Fruits,
Raisins,Seedless. .$! }cask
do
do
Layer
$ box
Almonds, Languedoc
do
do
do
Sardines
Sardines
Provence
Sicily, Soft Shell
Shelled
$ ht.box
qr. box
2*,291
V
7
3
55®....
Figs,Smyrna
60®8 65
12}® 13
Brazil Nuts
28 © 28}
11}® 12
11}® 13
27 ® 28
23 © 26
13 ® 14
44 ® 45
28}® 29
Pear.
Sago
Tapioca
..
..
Macaroni, Italian
21
Dried Fruit—
Apples
|
new
Blackberries
Peaches, pared new
Peaches, nnpared
21 © 24
...® 13
12}® 13
11}® 12
®
Filberts, Sicily
Walnuts, Bordeaux
10}® 11}
17}© 17}
$ lb
$ lb
.
®
..
® 22
6 ® 10}
20 @ 21
14 © 28
9 ® 13
2,087
18,199
19,277
THE DRY GOODS
TRADE.
12,687
The market
Triday, P. M„ December 11,
1868.
during the past week has been characterized
by the usual features incident to this
A fair trade has continue !
period of the year.
throughout the wee’i, jobbers
Inactivity has prevailed, but as this is
usual what was
taking as
required to fill their immediate wants
expected, there is no
without going disappointment in the trade on
further. It is observable that the
account of slack business.
English market for Cl >ves has been
1 he tone of the
for some time dull, and is now
market is
better than our own.
healthy ; the steadiness which
Prices are has
lately prevailed in the ootton market, and the
light stocks
SPICKS.
15}
molasses.
Dates
14,899
315,112
17
14
$ gallon.
Citron, Leghorn
Prunes, Turkish
:
170,737
65,977
402,900
..
..
.
Valencia ..$lb.
Currants
lb
....
Demc-
21,489
17,969
400
Jan. 1, 1868,
547
117,147
54,928
75,784
17,656
Porto DoneN O
Cuba. Rico. rara.Othcrbbls
N. Orle’s
.
....
Cassia, in mats-gold $ lb
Hhds
.
...
pimento, 15
been
Domingo.
17 ® 19
16}
14}®
14}@
14 ®
14}®
com.
prices, in the absence
a
Foreign meantime has
transactions, are hardly
Laguayra
St.
Jamaica
gold
gold
gold
...gold
gold
ves-
raw or
market, and under their influence
prices of thislkind.of molasses have until
to-day been gradually declining.
We notice to-day .however, that an
improvement of 2(g3c. per gallcu was
obtained on some lots.
of
Maracaibo
refining.. 10}® 10}
do
do
do 19 to 20
do fair to good
do
11 © 11}
do
dc
do pr me
white
Hi® 11}
do No. 12, in bd, lie
do fair to good
(gold)
grocery.. 11|® 11} Porto Rico,
do pr. to choice
refining grades.
do
11}® 12}
do
do centrifugal hhds &bxs 10
grocery grades
® 12} Brazil, bags
do Melado....
7 ® 8
Manila, bags
do molasses
9}© 11
flav’a, Box, D.S. Nob. 7 to 9. 104® 11} I Crushed
Granulated
do
do
do 10 to 12
Hi© ill I Soft White
do
do
de 18 to 16
12}® 18 I Soft Yellow ...:
do
do
do 16 to 18
13}® 14 I
Duty
of
Native Ceylon
15}® 16
13}® 14}
lai® *3}
IHOliASSES.
There has been
equalized
brown sugar, not above
No. 12 Du(ch standard,
white or clayed, above No. 12
3; on
and not above No. 15
Dutch standard, not
8X J above 15 and not over 20, 4 ; on
refined, 5; and on Melado 2>tf centsrefined,
per lb.
Cuba, inf. to
593
47,149 557,042 68,810
330,598
92,237 443,636 24,475 86,699
....
mats
gold
gold
gold
1 bags ....gold
or
per cent ad valorum in addition.
the
the
Sugar.
Brazil, Manila N.O.
bgs. &c bgs, hhds.
7,210
5,000
good
do fair
do prdinary
....
.
.
lb.; all other, 10
follows
were as
Other
per
Rio, Prime,uutypaid ...gold 16}® 17
do
Java,
392
....
els, 6 cents
imported indirectly in American
the chronicle.
December 12,1868]
767
of
prints, which seem comparatively high.
by jobbers aDd retailers, inspire agents with much con can 12*, Amoskeag 12, Arnolds 11, CochecoWe quote: Allens 12*, Ameri¬
13*, Conestoga 12*, Dunnell’a
fidence in future prices, and no attempt is therefore made to 12*, Freeman 11, Gloucester 12*, Hamilton 1^*, Home 8*, Lancaster 12,
force goods to sale. But, on the contrary, we have heard of London mourning 11*, Mallory 12*, Manchester 12*, Merrimac D 18*,
do pink and purple 14, do W 16, Oriental 12, Pacific 12*-13, Rich¬
some sales of
popular brands of cotton goods, for January mond’s 12, Simpson Mourning 11*, Sprague’s purple and pink 13, do
blue and white 14,
delivery, at full present rates. Assuming that the price of 9, Wauregan 11*. do fancy 12*, do shirtings 13, Victory 10, Wamsntta
4
cotton remains at about the present quotations, the prospect
Ginghams.—There is but little demand for these goods at present;
is good for higher prices of domestic goods on the opening of prices are steady. Allarnance plaid 8, Caledonia 14, Glasgow 15,
Hampden 15, Lancaster 16. Manchester 13*.
Muslin Delaines are in fair deman i at full former rates; the pro¬
Spring trade.
The exports of dry goods for the past week, and since Jan¬ duction being light, the goods are taken about as fast as they appear on
the market.
Armures 22*, do plain 22, Hamilton 21, Lowell 2o, Man¬
uary 1, 18G8, and the total for the same time in 1867 and chester 21, Pacific 21, do Serges 22*, Piques 22, Spragues 19.
held
.
1860
are
shown in the
FROM N]EW YORK.-
,
r-
Exports to
Val. packages.
80
9
12
Liverpool
*
Hamburg
•
New Granada
Central America....
St. Pierre Miquelon.
Port an Prince and
•
•
Kingston
1.040
220
3
20
Arg ntine Republic.
Canary Islands
$3,500
11
Marseilles
British West Indies.
Mexico
Venezuela
Brazil
37,141
•
•
•
•
.
,
.
,
•
.
,
our
•
0
,
•
.
•
.
.
9 m mm
,
.
.
...
•
-
....
,
*
....
.
6,697
....
8S8
....
1,500
2,000
c
• • • •
•
34
4,772
5,558
....
.
87
11
....
....
•
15
....
•
cases.
....
....
13
2
5
14
....
few
$...
....
355 $46,150
Total this week...
Since Jan. 1, 1868.. 23,4321,468.406
Same time 1867
12,1461,565,991
“
“
1860... 84,019
manufacture,
„
....
•
pkgs.
•
...t
annex a
Val.
....
British Provisoes...
We
a
•
tendency is to lower prices.
Domestics
....
1,244
i
•
.
103
•••
t
i
2,775
•••
•
....
353
FROM B
,
Domestics.--, D, Goods.
pkgs.
Tickings are in fair demand for the better grades, and prices are
well sustained.
Lower grades are becoming more plenty, and the
following table:
....
$11,085
65
1,4 .8,406
7,716
10,380
33,696
1,220,839
•
•
•
156
277
particulars of leading articles of domestic
prices quoted being those of the leading
jobbers:
light demand by the
generally, and in some instances jobbers have reduced the price
to attract buyers.
But manufacturers and agents have been firm in
their prices, and show great confidence in the future, based upon the
prospective value of the raw staple, and the limited supply of stock on
hand of manufactured goods with which to commence the early business
of next season.
We quote: Agawam 36 inches 11 *, Amoskeag A 36 15,
doB 36 15, Atlantic A 36 15 *, do H 3G 15, doP36 12*, do L 36 12*, do
V 33 13, Appleton A 33 15, Augusta 36 14, do 30 12*, Bedford It 30
10,Boott H 27 10*.do O 34 1 l*,doS 40 12*,do W 45 17*,Commonwealth O
27 8, Grafton A 27 8, Great Falls M 36 12*, do S 83 11*. Indian Head 36
15*, do 30 13*, Indian Orchard A 40 14, do C 36 13, do BB 36 12, do W 34
11*, do NN 36 14, Laconia O 39 12*, do B 37 12*, do E 86 12, Law¬
rence O 36 15, do E 86 IS*, do F 86 12*, do G 34 11*, do H 27 10*,
do LL 36 12*, Lyman G 36 13*. do E 36 15, Massachusetts BB 36 12*.
do J 30 12, Medford 36 14*, Nashua fine 33 13*, do 86 15, do
E 89 17, Newmarket A 12*, Pacific extra 86 15, do H 86 15, do
L 86 12*, Pepperell 6-4 29, do 7*4 32*, do 8-4 40, do 9-4 45, do
10-4 60, do 11-4 55, Pepperell E fine 89 13*, do R 36 12*, do O
83 11*, do N 30 10*, do G 30 13, Pocasset F 30 10, do K 36 12*, do 40
15, Saranac fine O 33 12*. do R 36 14*. do E 39 16*, Sigourney 36
10, Stark A 36 14*, Swift River 86 11*, Tiger 27 8, Tremont M 83 10*.
Bleached Sheetings and Shirtings.—The demand has been light,
but prices have ruled more steady this week than last., Jobbers are
canvassing the market, and securing all lots on which a slight conces¬
sion will be made. We understand many of the popular brands are
engaged several weeks ahea » at full asking rates. We make but few
changes in our quotations. Amoskeag 46 18, do 42 16, do A 36 15, An¬
droscoggin 36 16, Appleton 86 15, Attawaugan XX 36 —, Atlantic
Cambric 86 25, BallouASon 86 14, do 33 12*, Bartletts 36 15, do
8314, do 30 IS*, Bates 36 18, do B 83 14*. Blackstone 36 14, do D
36 13,BoottB36 14,doC88 13,do E 12*, do H28 10*. do 030 12,do R
27 10, do L 86 14, do W 45 17*, Dwight 86 —, Ellerton E 42 20, do 27
9*, Forrest Mills 36 14, Forestdale 36 15*, Globe 27 8, Fruit of the Loom
36 17, Gold Medal 3614, Greene M’fg Co 36 12,do 30 10*, Great Falls K
86 14*, do MSS 12*,doS 31 11*, do A 83 14, Hilli Semp. Idem 36 16,
do 33 14*, Hope 36 13*, James 86 14,do 33—, do 81 —, Lawrence B
36 13*, "Lonsdale 36 16, Maponville 36 16, Newmarket 0 36 13,
New York Mills 36 25, Pepperell 6-4 28, do 8-4 42*, do 9-4 50,
do 10-4 65, Rosebuds 36 16*, Red Bank 36 12, do 32 10*, Slater
J. A W. 86 14, Tuscarora 20, Utica 5-4 32*, do 6-4 37*, do 9-4 62*, do
10-4 67*, Waltham X 33 12*,do 42 15, do 6-4 29,do 8-4 40, do 9-4 47,
do 10-4 62*, Wamsutta45 30,do 40* 27, do 36 22*, Washington 33 11.
S
Brown Drills are dull, and prices hardly sustain© 1.
ihere being
but little export demand stocks are accumulating. We quote: Amoskeag 16*, Boott 16*, Graniteville D 16*, Laconia 17, Pepperel 17,
Brown Sheetings
and
Shirtings have been in
trade
Btark A
J
6*, do H 14.
Print Cloths. —Sa’es
^
upward ten¬
cent yard, and
goods, most of the
large for the past week with an
full half
a
a
; 64x64 advanced during the week
closed very firm at 8 cents.
Market very bare of
manufacturers sold from two to three months ahead.
The following are
the sales: 4,000 pieces 66x60, 6£c; 8,000 do 56x60, r*c; 2,000
dency
do
7*c; 5,000 do 60x6 J, 7|c; 15,000 do 64x64,
7fc, early in the week; 41,000 do 64x64, 7*c, 80 days; 16,000 do
64x64, H?; 60,000 do 64x64, 7fc; 15,000 do 64x64, 7|c; 19,000 do
64x64, 8c. Total, 181,000 pieces. Most of the above sales were made
on thirty days,—Providence Journal.
Prints.— he demand is confined to the better class of work, striped
effects b> ing the most sought for.
The only change of price we have
to note is a half cent on Richmond, the result of a clearing out sale of
the entire balance of the fall production to one of our leading jobbers.
We should not be surprised if this led to a liki reduction on other makes
66x60, 7c; 2,< 00 do 60x64,
Albany 10*, American 14, Amoskeag A
do B 23, do 0 20, do D 19, Blackstone River 17,
Conestoga 25, do extra 30, Cordis 30, do BB 17, Hamilton 25, do D 20,
Lewiston 36 31*, do 32 23, do 30 23, Mecs. and W’km’s 29, Pearl
River 30, Pemberton AA 26. do E 17*, Swift River 17, Thorndike 17,
Whittecden A 22*, Willow Brook 27*. York 30 25, do 32 81.
Stripes are dull; and on low grades a reduction has been made of
a half to
one cent.
Albany 10, American 14*, Amoskeag 21,
Boston 15,Everett 13,Hamilton 2’*, Haymakei 16, Sheridan A 14, do
G 14*, Uncasville dark 15*. do light* 14*, Whittenton A A 23, do A 20, do
BB 15, do C 14, do D 12, York 21.
Checks remain unchanged ; in the absence of any demand prices are
eomewhat nominal.
Caledonia No. 70 26, do 50 25, do 10 24, do 8 19,
do 11 20, do 15 27*, Kennebeck25, Lanark No. 2 12, Park No. 60 16,
do 70 20, do 90 27*, Pequa No. 1,200 12*, Star Mills 600 12, do 800
16, Union No. 20 25, do 50 27*.
Denims are slowly accumulating ; but prices remain steady, as the
goods cannot be produced to pay a profit at any lower rates. Amos¬
keag 29, Blue Hill 15, Beaver Cr. blue 26, do CC 17*, Columbian extra
29, Haymaker 18, Manchester 18, Otis AX A 27*, do BB 25, do CO 2C,
Pearl River 26, Thorndike 17*, Tremont 20.
Cottonades are being closed out at low prices.
Far. AMec. Cass 33,
Lewiston 87*, New York Mills 30, Plow. L. A Anv. 37*.
C A 33, do A 27,
Cotton Yarns are becoming more plenty, and prices are easier; best
Southern yarns, which have been held at 42*, are now offered at 40.
Cotton Bags are more enquired for; but stocks are fully equal to the
demand, and prices are bare maintained.
Spool Thread has been reduced ten cents per dozen on six cord, and
five cents on three cord. We quote Coats, Clarks and other best makes
at $1 ; Orr A McNaughts 90c; Green A Daniel, and Willi9ton at 50c.
Blankets continue in good demand.
Stocks, especially in light
low. We quote the best makes in light weights at
id for browc grays, and 55c for blue gray ; heavy weights,
8 to 10 lb. blankets, can be found at 2* to 6c lower.
weights,
are very
50 cents
a
pou
say
Ladies’ Sackings and
are
tending downward.
Repellants are becoming more plenty, and prices
We quote Albermarle at $1 50, and the
Raratans at $1 30.
Balmoral Skirts are in lcs3 demand,
favor of buyers for such makes as have
and prices are decidedly in
accumu’ated.
We find the
Pontooeuc Imperial, which have been seMing at $39, reduced to $31 60.
There is a fair demand for skirts especially adapted to the skating sea¬
son, such as are manufactured by the Novelty Company.
These skirts
being made of the finest stock, are of course acid at high prices. We
quote La Belle H iene at $60, and the Novelty skating skirt at $54.
Foreign Good are dull, except for specialities adapted to the holiday
,
trade.
The auction sales are about over for the season.
There have
been no important sales this week, importers preferring to hold over
what goods they may have left, rather than force them upon unwilling
buyers at
a
great eacrifice.
IMPORTATIONS OF DRY WOODS AT THE PORT OF NEW YORK.
The importations oi ary goods at this
port for the week ending Dec.
10, 1868, and the corresponding weeks of 1866 and 1867, have been ss
follows:
entered for consumption for the
week
Manufactures of wool,
149
.
467
cotton.,
do
do
do
.
$77,507
148,o97
172
205
85,671
49,469
90,419
134
248
247
1,076
$451,063
867
83
silk
flax,
,
.
Total
withdrawn
prom
10, 1868.
ending decembei
-1867.Value.
Pkgs.
100
$27,188
138
39,377
-1S66.Value.
Pkgs.
-1868.-
Pkgs.
$119,963
98,669
*58
620
194,787
51,486
85,698
237
141,388
74,827
$313,199
1,811
$629,574
109,451
-
into the market
warehouse and thrown
Value
833
.355
durini
THE same PERIOD.
280
82
.
$131,782
70
260
Manuiacturcs of wool...
do
cotton..
do
silk
do
flax....
15,129
68,535
79,451
175
64
26
552
146
7,183
1,035
17,996
2,053
245
74
34
323
27,183
$86,202
24,807
36,795
$58,892
15,104
39,637
79,630
23,289
838
$.‘109,812
1,711
$246,251
451,063
807
313,199
2,810
1,811
$217,449
1,016
Totalth’wmipon mak’t. 1,914
$760,875
2,578
$558,450
4,681
$847,038
ENTERED FOR
WAREHOUSING DURING THE SAME
Manulactnres of wool...
595
cotton..
302
66
6i5
do
do
do
....
Miscellaneous dry goods.
Total
Add ent dtor
24
$672,206
642
71
676
179
112,043
76,009
204,800
10,093
1,632
silk
flax....
314
$269,261
consu’pt’n.1,076
461,063
TeUl entered it the port 2,706
$1*138,269
r-t
;88
$110,888
165,251
81,860
174,361
72,721
629,674
PERIOD.
212
106
20
236
46
$72,392
84,837
15,101
63,663
19,298
620
318,199
1,811
$206,191
629,574
$918,280
8,481
$884,765
$606,081
|
2,749
768
THE CHRONICLE
Dry Goods.
[December 12,1868.
Commercial Cards.
Miscellaneous.
AMERICAN SILKS.
Germania Fire Insurance
MANUFACTURED BY
Cheney
COMPANY.
Brothers.
Office, No. 175 Broadway.
BRANCH OFFICES:
Machine Twist,
No. 357 Bowery, New York.
No. 377 Fulton
ISewing Silk,
FINE
Street, Brooklyn
Trams and
Organzine*,
GRGANZINES FOR SILK MIXTURE CASSI*
MERES.
Florentines,
Handkerchiefs,
Silk Warp
Poplins,
Silk Press
-<*■
Goods,
.
Belt Ribbons.
SILKS FOR SPECIAL PURPOSES
TO ORDER.
AGENTS:
EDWABD If. ARNOLD Sc
102 Franklin
CHENEY A
SON,
UMBRELLAS AND
4 Otis
210 Chestnut
Street, Boston.
Sc CO.,
10 and 12 German
Street, Baltimore.
C. B. &
J. F. Mitchell,
COMMISSION MERCHANTS.
21 WALKER STREET
NEW
Sole Agents for
JOSEPH GREER’S
JOHN
IS
CHURCH STREET,
LINEN^CIIECKS,
$15
PATENT LINEN THREAD
Jr.
FOR
HAND
TIIOS.
88
RUSSELL, Sole Agent.
CHAMBERS STREET, N.Y.
W. H. Schieffelin 8c
Importers and Jobbers
Co.,
of
DRUGS,
Indigo, Corks, Sponge*,
GOODS, PERFUMERY, ScC.
FANCY
170
AND
172
WILLIAM
STREET,
NE vV
YORK
Henry Hoffman & Co.,
Bleaching Powders, &c.
a
Soda,
GENERAL AGENTS FOR LITTLE WOOD & CO.’S
WASHING CRYSTAL.
35 CEDAR STREET, NEW YORK.
Henry Lawrence 8c Sons,
And F. W. HATES Sc
CO.,
Ranbrldge.
MANUFACTURERS OF CORDAGE
70 & 72 FRANKLIN
STREET, NEW YORK,
[Importers
White
Co.,
FOR EXPORT AND DOMESTIC USE.
1S2 FRONT
Goous,
SILVIIK
Paces and
Enib’s,
Linen
'"7
Handk’fs,
British ana
r
onti nental.
JENKINS, VAILL
Bard tr
GOLD
&
PENS
PEABODY,
STREET,
DRY GOODS COMMISSION
MERCHANT^
Bole Agents lor the tele of
COTTONS AND
WOOLENS,
Of Bererel Mate.
Scovill
Mnfg. Company,
Manufacturers of
SHEET BRASS,
GERMAN SILVER PLATED
BRASS BUTT
METAL,
HINGES,
Gilt, Lasting, Brocade, and Fancy Dress
Buttons,
Kerosene Oil Burners
And
And Lamp Trimmings,
Importers and Dealers in every Description ot
Photographic Goods.
NO. 4 Beekman street & 86 Park Row,
N*w Yobk,
MwuU&ctory, Watbebvby, Ct.
charge.
Goods sent to any part of the United States
by ex¬
press, to be paid for on delivery. Money need not be
sent with the order, as bills can be
paid when goods
are taken from the
express office. Customers must
pay all express charges. We employ no agents ; orders
must therefore be sent
directly to us. Customers in
the city will remember that our only ofeick is
NOS. S7i& 39 NASSAU STREET, OPPOSITE THE
POST OFFICE (up stairs), N.Y.
C. E. COLLINS Sc CO.
-»OHN fiTRKkT’
*ND
8c
Lander,
NO* 97 FULTON STREET.
-
STERLING
A
SMALL
SELL
SILVER-WARE
PER
CENTAGE
SIL\ ER.RUB3 'ST\ AND
PENCASE 5,
JAMES
NO.
22
PENCIL
purchased from
NEW
Iron Cotton
Baling Cotton.
SELF-ADJUSTING TIES,
YORK.
UNSURPASSED FOR STRENGTH AND RAPIDITY
OF ADJUSTMENT.
BEARD Sc
BRO,, 457 Broadway.
Gilead A.
York, for the
TIE
AND SELF-FASTENING
WROUGHT IKON RUCKLE TIES,
Manufactured by J. «T. MoCOMB.
respect¬
fully solicit orders for delivery in Liverpool, or other
New York
norts in the United
States,
SWENSON,
8Q
Bartholomew
OPPOSITE BANK OF
RAILROAD
or at
Liverpool.
PERKINS & CO..
IRON,
RAILS,
Railroad Bonds and U.S. and other Amerlcrn Securl
negotiated, and Credit and Exchange provided fo
U. S. or Continent.
ties
Consignments solicited
Brooklyn, May 15,1866
tthe Continental Bankers.
Thomas
on
Broadway.;
the usual terms of any oi
Special Counting and Reception Rooms available lor
Americans in London, with e facilities
usually found
Yours truly,
SHEARMAN BROS.
This Safe was red hot for several
hours, and the ca
iron feet were actually melted.
it cw* be seea at our store, no. ges
on
the staples.
Messre. Marvin & Co., New
York,
Gentlemen,—Our planing mill, with Fifty Thousand
feet of lumber was destroyed
by fire last night, and
we are happy to say
your Alum and Dry Plaster Safe
preserved our books, papers, and
money in excellent
order.
and will call
House,
ENGLAND, LONDON.
STEEL TYRES,
AND METALS
FIRE !
We want another and
larger one,
you as soon as we have time.
Smith,
BESSEMER
BEAVER STREET.
LARG E
us,
BEARD’S PATEMT IRON LOCK AND
Ties.
The undersigned, Sole
Agents In New
ale and distribution of the
IRON
Bor
!
Agent,
n*Rr
MAIDEN LA'
COST
18 Carat Fine Gold Watches,
(American and European)
THAT WILL KEEP CORRECT TIME.
We will give a written guarantee with each article
GoLD-TL^'jpDTELESCO
fOOTH-Pif...
OVER
Also,
A Fine Assortment of Diamonds and
Brothers,
PEN
Also, Jewelry of the Collins
cases
PIC
46 LEONARD
stylo, lrom $2 to $0.
Metal in every style.
TO CLUBS:—where Six Watches are ordered at
one time, we will send one
extra Watch free of
AT
n.ntS;
'
of the law.
This metal has all the brilliancy and
durability ot
Gold; cannot be distinguished from it by the best
judges ; retains its color till worn out, and is equal to
gold excepting in intrinsic value. All our gentle¬
men’s Watches are Full-Jeweled Patent Levers
;
those for Ladies an
improved
than a Lever lor a small Watch f Escapement, better
all in Hunting Cases
and fully guaranteed
by special certificate.
The $15
Watches are equal in neatness, style
of finish, general
appearance, and for time, to a Gold one costing $150.
Those of $20 are of extra fine finish, and are
fully
equal to a Gold Watch costing $200. Chains of
every
Sguire
STREET, NEW
N<MraCts,
superior Oroide Watches having recently been
imitated, and worthless Watches sola in New York,
Boston, Chicago, and other cities, represented as our
Watches, we hereby caution the public against them
and give notice that we are in no
way responsible for
these bogus concerns, and
only those purchasing
directly from us can secure a genuine Watch of our
manufacture. We have recently greatly improved
•our Oroide in appearance and
durability, and, to pro¬
tect the public from imposition
hereafter, have named
it the “ COLLINS METAL,” and we
give notice tliat.
any one making use ot this name will be prosecuted
to the extent
Hebbard, Strong cc Co.,
oi
S^PECtl .
Our
CO, Belfast.
George Pearce 8c
$20
Collin* Oroide Watch
Factory.
CASES OF THE C.OLLINS
METAL,
AND MACHINE
Sc
HICKSONS’ FERGUSON
HUNTING WATCHES
CO’S.
Sc
A LOT OF BAVARIAN HOPS FOR SALE.
Sole Agents for
IMITATION
THE
PARASOLS,
Soda Ash, Caustic Soda. Sal
Soda, Bi-
&c.t WHITE GOODS,
CELEBRATED
GOLD
IMPORTERS AND DEALERS Itf
LINEN, DUCKS, DRILLS,
Secretary.
THE
End,^Glasgow*
UNSURPASSED
CHECKS.
SCOTCH AND IRISH LINEN
GOODS,
SPANISH
CLARK,
Mile
George Hughes 8c Co.
198 Sc 230
ff
Spool Cotton.
YORK,
Importers Sc Commission
Merchants,
Payable in Gold,
RUDOLPH GARRTGUR, President.
.JOHN EDW KAHL, Vice-President.
HUGO SCHUMANN,
,
ol
SEWING.
Sultana Shawls.
Fond du Lac Blue Jeans.
Fine 0-4 Cheviot
Coatings.
Oxford Gold mixed and Brown
Jeans.
Shirting Flannels and
Balmoral Skirts.
Issued
^
Nos. 12 & 14 WARREN STREET NEW YORK.
Street, Philadelphia
CHASE, STEWART
925,150 92
45,000 00
Desired.
Hall,
Manufacturers
TO1LLIKEN,
Policies
TffEODOKK POLHEJTtro/
H, D. Polhemus, Special
Tubneb,
Byrd &
Street, New York.
LEONARD BAKER Sc
CO.,
York.
Bbikcxerhoff,
Bpenoeb
$500,000 00
Assets, July 1, 1808
Liabilities
Also, Agents
United State* Bunting
Company*
A
8uPP1Y a11 Widths and Colors always in
atock.
w
59 Broad
Street, New
Poniards and
Pongee
Cash Capital
J. Pope 8c Bro.
METALS*
993 PEARL STREET, NEAR BEEKMAN STREETS
I
NEW YORK
December 12,1868.]
THE CHRONICLE.
$l)£ ftailroajj Jttonitor.
769
Virginia and Tennessee Railroad.—The funded debt
of the
company stands as follows :
letmortgage bonds
■Railroad Earnings
2dmortga<?e bonds
(weekly).—In the following table we com. Enlarged bonds
the reported
weekly earnings (gross and per mile) of several Income bonds
$494,000 00
23,500 00
nare
leading
railroads for five weeks in 1867 and 1868
Week.
Railroads.
Miles of
i.4th, Oct 1
1st, Nov 1
2d,
“
y
3d,
“
1
4th, “
let, Oct.
1867.
I
300,021
f
4c0m
1
1st, Nov.
2d, “
“
f
V
>
3d,
“
j
.1st.
“
J
524
359
211
200
185
219
360
189
195
lb9
215
188,410
101,693
104,888
188,663
99,251
102,538
h
197,134
820
(735 in <
1867)
130,668
172,199
20S,397
r
XQ1
J
0*1
^
l
99,364
i5,i3r
L
S4,576
112,850
213,400
227,400
91,006
22,240
31,094
21,572
13,565
19,650
19,627
-
218
181
192
204
147
106,291
41,038
180
162
179
174
174
12,766
14,600
122
172
1866.
1867.
(607 m.)
~
$504,992
408,864
.
443,029
421,008. .April..
355,447. .May...
352,169. June..
341,266. .July...
407,888. .Aug...
477,795. .Sept...
459,370
380,796
400,116
475,257
483,857
477,528
446,596
850,837
456,886. .Oct
454,081. .Nov
Erie
1866.
(775 m.)
$1,185,746
987,986
1,070,917
1,158,441
1,101,682
1,243,636
1.208.244
a,295,400
1,416,101
..Year..
Railway. 1867.
(798 m.)
...
.Dec
5,476,276 5,094,421
$906,759
917,639
1,139,528
1,217,143
1,122,140
1,118,731
1,071,312
1,239,024
1,444,745
1.476.244 1,498.716
1,416,001 1,421,881
1,041,115 1,041,646
(524 m.)
$312,846
277,284
412,715
413,970
418,024
384,684
839,858
(524 771.)
$805,857
311,088
379.761
391,163
358,601
304,282
884,401
429,177
496,655
428.762
487,867
5:19,435
429,548
423.341
812,879
1868.
(280 m.)
$226,152
(280 7/1.)'
$243,787
871.543
821,597
387,269
322,688
360,323
323,030
271,246
(775 m.)
$1,031,320. Jan
901,752. Feb..
1,136,994. Mar..
1,263,742. .April.
1,163,612. ..May.
1,089,605. .June..
1,093,043 .July..
296,496 ..Feb..
261,599. ..Mar..
270,386. .April.
341 181. ..May..
373,461. .June.
405,617. .July.
570,353., ..Aug..
488,155. ...Sep..
480,212. .Oct...
$603,053
505,266
505,465
411,605
569,250
667,679
480,626
678,253
..Aug
..Sep...
571,348
..Oct...
661,971
688,219
604,066
..Nov..
..Dec...
..
Year.
6,546,741
440,271
477,007
5 J 6,494
525,242
709,326
738,530
823,901
727,809
613,330
(521 771)
$371,041
.
(692/71.)
^
467,754. .April..
496,666 .May
543,019. .June..
576,458
J uly..
..Aug...
873,500. ...Sep...
fan.
3139,736. .Feb..
Mar..
331,497
455,983. April.
400,486. ..May..
863,550. .June.
301,500. ..July..
480,763. ..Aug-.
901,631. ...Oct....
.Nov...
.Dec...
•
•
..
.
.
1,135,745
1,190,491
1,170,415
1,084,5.33
1,075,773
1,227,286
1,093,731
934,636
,..Mar
1.161,693
..July..,
..Aug...
...Sep...
..Year..
•
—
$569,982
480,986
662,168
699,8*'6
682,51)
633,667
552,878
648,201
654,920
757,441
679,985
555,222
7.W7J18
7,242,126
,673
...Oct....
.Nov.
.Dec._
*
.
Year..
^-St. L. Alton A T. Haute.—)
1868.
..
..
.June,.
14,143,215
Pittsb., Ft.W.iA Chicago.1866.
Jan...
..Feb...
..
.April. 4
..May...
,915
/■
1866.
..Jan...
.Feb...
..Mar...
.
.April..
1867.
1868.
(210 m.)
(210 m.)
(210 771.)
$149,658
$127,594.. Jan...
149,342
174,152
133.392.. Feb...
149.165.. Mar...
168,162
155.388.. April.
130.545.. May...
143,211 .June..
$178,119
155,893
192,138
167,301
..May..
168.699
.June..
167,099
July-.
Aug.,..
Sept.*.
.Oct
.t.*
Nov...*
Dec....
-Vetr«
171,736
156,065
172,933
166,015
222,953
220,788
198,884
244,834
219,160
230,340
212.226
204.095
177,364
171,499
2,251,525
2,207 930
.
.
.
9,424,460 11,712,248
*
..Year..
1867.
8,466,922
(251 m.)
$90,411
$94,136
85,447
78.976
84,357
81,181
96,388
103,373
98,043
106,921
104,866
113,504
112,952
123,802
84,652
72,768
90,626
96,535
1866.
(251 771.)
81,599
98,482
108,461
...May...
...July..
...Aug.,.
Sep...
...
..
•
..
••
..
..Oct...
.Nov...
.Dec...
-
(735 77».)
$253,483
$319,765
208,302
196,092
229,615
513,110
506,548
379,610
240,756
261,145
316,268
401,892
369,358
365,404
350,564
805,081
1867.
1868.
(820 m.)
$368,484. .Jan..
.
350 884. ..Feb.
383,281. ..Mar..
435,629. .April.
665,718. ..May..
458,094. .June.
423.200.
..July.
522,545. ..Aug..
456,143
■i51,739^1,023,520. ...Sep..
702,492 1,101,778 S 1,037,434. ...Oct..
573,234 S 766,617^
..Nov..
129,069 g 438,325®
-Dec,..
4,552,549
5,683,609
325 691
1867>
,.
200,793
270,630
817,052
329,078
804,810
854.880
861,759
8.694.975
5,788,820
304,917
896,248
849,117
486,065
809,691
364,723
882,996
406,766
283,833
484,208
450,203
430,766
...Jan...
...Feb...
..Mar...
April..
.
..May...
..June..
~
July..
..Aug...
...
Sept...
..Oct....
..Nov..
Dee..
~
511 820
412,933
410,825
456,974
830,873
I860.
1867.
1868.
(157 at.)
45,102
36,006
89,299
43,338
(180 m.)
(180 0»*)
$89,679
$46,41«
40,708
39,191
.
807,948
*..Y#mr_
293,344
333,952
284,977
313,021
898,993
464,778
506,295
-Western Union*
1868>
265,798
263,269
292,385
260,529
804,815
326,880
415,758
869,625
325,501
821,013
892,942
Year., 3,880,588 8,459,819
(521 77?.) (521 to.)
$237,674 $278,712
362,788
1868.
(285 m.)
$348,319
—-Ohio A Mississippi.—»
1866/
1867.
1868.
(840 m.) (340 m.)
(840 m.)
267,541 $242,798
$211,973
246,109
219,064
231,881
326.286
279,647
265,905
277,423
284,729
252,149
283,130
282,989
214,619
258,924
240,135
217,082
247,262
234,633
194,455
305,454
822.521
287,657
278,701
866,372
807,122
810,762
379.367
283,329
802,425
336,066
274,686
281,613
272,068
Toledo, Wab. A Western.^
(521 771.)
$226,059
194,167
256,407
270,300
316,433
(285 7/1.)
$304,097
283,669
375,210
.Year.. 4,260,125 4,371,071
-
1866.
(510 771.)
265,796
337,158
843,736
865,196
835,082
324,986
359,645
429,166
498.649
414,604
308.649
..June..
106,594
114,716
121,217 121,519
142,823 125,065
132,387
123,383
1,258,713
$282,438
...Feb...
’’...Mar...
..April..
95,416
95,924
108,413
126,556
1867
(285 m.)
$92,433 ...Jan.H
.
4,105,103
Michigan Central.—
1868.1
(251 771.)
264,741
..
m.
$283,600
.
1866.
.
$292,047
.
.
143,986 .July..
204,596 Aug...
196.436.. Sept...
21 >,473.. Oct
..Nov.*.,,
..Dec...*
-
$241,395
1868.
(454
.
-Milwaukee A St. Paul.-
845,853
(692 m.)
$
1867.
(410 m.)
674,664
800,787 ..Feb...
183,385
224,621
281,9CC
855.611 ..Mar...
757,134
257,230
272,454
862,800
624,174 774,280 3,068,959 April..
209,099
280,283
288,700
880,993 895,712 1,206,796 ..May...
277,505
808 891
251,916
925,983 898,357 1,167,544 J une...
306,693
261,480
366,200
808,524 880,324 1,091,466. .July,.
274.800
238,926
329,800
797,475 1,063,236 1,265,831 ..Aug...
f 404,600
317,977
478,600
1,000,086 1,451,284 1,618,483 ...Sep... *2400.941 i'517,702 *2644,900
1,200,216 1,54’,056 1,574,905 ...Oct..
S428,474 $558,200 -559,900
1,010,892 1,210,387
.Nov... o 315,027 ^415,400
712,359 918,088
.Dec... S260,268
(351,600
.Year*, 1,201,239
..
895,887
4,650,828 4,613,743
512,523. ...Sep...
532,061. ...Oet....
419,005 .Nov...
(468 m.) (468 in.)
$542,416 492,694
525,498 602,754
627,960 684,189
590,557 774,103
586,484 611,914
507,451 601,246
637,381 571,834
606,217 653,281
G69,037 761,329
784,801 84 »,U4
690,598
573,726
.
$1,086,360
Dec...
1867.
..
704.138.
(692 771.)
$901,571
870,757
(468 »..)
Jan.~
-New York Central.1867.
1868.
1866.
1868
1866.
(228 in.)
$741,926 ..Jan...
459,007
613,974
1866.
488,088. ..Feb.
409,684. ..Mar...
7,160,991
$590,767 $696,147
-Marietta and Cincinnati....
•
-Chic-) Rock Is. and Pacific--
1868.
.
..
(708 m.)
$519,855.
contingent 1
.
1868.
417,071
1,135,461
1,285,911
1,480,929
1,530,518
1,211,108
935,857
362,218
Year
1867.
(1,032 t».)(1,152 m.)(l,152m.)
.
a
PRINCIPAL RAILROADS.
.
.
1867.
(708 771.)
$647,119
524,871
pay to the former 7
whatever, perpetually, and
a certain period.
.
.
..
We under¬
.
..Nov..
.Dec..
3,695,152 3,892,861
(708 7?i.)
OF
1866
$259,539. ..Jan..
157,832
235,961
282,165
335,510
342,357
354,244
415,982
408,999
426,752
359,103
330,169
Essex Railroad.—The Tribune
says:
.-Chicago* Northwestern-
1867.
1866.
-Mich. So. A N. Indiana.1867.
EARNINGS
(280 in.)
222,241
290,111
269,249
329,851
and
per cent, f.ee of all taxes
per cent in addition after
-Illinois Central.
1868.
4,596,413 14,139,264
1866.
Morris
stand that the final papers and
agreements between the Morris and
Essex and the Delaware, Lnckawanna and Western
Railroad were
this day signed, by virtue of which the latter
75
70
81
1866.
$394,771. Jan....
395,286. .Feb....
318,219 .March
377,852
438,046
388,480
894,583
451,477
474,441
462,674
528,618
526,959
541,491
497,250
368,581
long
(507 m.)
$361,137
meeting then adjourned.
—Chicago and Alton.
w
1868.
(507 m.)
260
277
231
121
111
109
COMPARATIVE MONTHLY
-Atlantic A Great Western.-
Baltimore and Ohio Railroad —At (he
regular meeting of
Directors recently held in Baltimore Mr. Garrett was
unanimously
re-elected President of the
company. After the transa tion of the
regular business, a form of lease, which had been previously app oved by the board of the Washington County Rjilroad
Company,
was
submitted, and after discus ion was unanimously adopted.
Under the lease six
per cent per year is to be paid to the stock¬
holders on tbe.cost of that line, and it is to be
equipped and worked
exclusively by Ihe Baltimore and Ohio Railroad lA mpany. The
300
254,200
100,350
26,046
h
177
234
283
113,466
94,498
93,677
90.960
option of the Atlantic and Great Western Company. The
Erie Company engages to
pay 30 per cent of the gross receipts of
the leased road, or
$1,800,000 per annum, in the event of the said
per centage of earnings not reaching that am unt. The minimum
receipts of the Atlantic and Great Western Company will more
than cover the interest
upon its bonded debt as re ently consolidated.
The Erie
Company engages to keep the track, buildings and rolling
stock of the road in good
running order.
309
310
£83
814
86,938
1? 1.379
.
t
3d, Oct.
4th, “
1st, Nov.
“
3d,
4th, u
329
387
390
315
88,367
103,346
89,627
the road for the
at the
211
237
87,918
110,402
-i
Sep. r
2d,
“
3d.
3d Oct.
262
173
f
Sep, )
“
93.991
292
2< 5
247
183
revenue of
fifteen months preceding the ter¬
mination of the fiscal year, as now fixed was
$1,108,537 01, and ita
current expenses for that
period $933,710 27.
Lfase of the Atlantic and Great Western
Railway.—The
Erie Railroad
Company has leased the property of the Atlunticand
Great Western bailroad
Company. We understand, udod official
information, that the ’ease is for a terra of twelve years, renewable
306
304
446
267
230
l
t)QK
J
2d,
92,200
111,277
82,829
1867)
-
“
131,389
-
311
303
420
200
244
The
242
232
308,665
265,183
280,029
231
201
132,900
87,800
108,200
120,400
L
.4th, Oct. ]
.1st.
352,717
350,913
514,252
1
1
2d,
“
L
r
3d,
“
2d, Nov. J
4th,
356,740
347,549
483,91?
y 1,152 (
.4th,Oct.
2d, Nov.
3d,
“
4th, “
3d.
102,123
|
2d, Nov.
Michigan Southern.
117,152
l
..
1
1st Nov.
99,515
114,224
122,688
117,654
1
2d, “
4>h, “
117,104
\
507
registered certificates
/—Earn, p
1867.
1868.
241
230
206
196
225
242
1868.
122,232
104,431
122,-91
f
188.500 00
9,500 00
786,000 00
61,852 86
Salt Works Branch bonds
8 per cent bon >s of the
$1,000,000 so far issued
And in 8 per cent,
:
/—Gross earn’gg—,
road.
990,000 00
*
„
..
Year*.
86,913
102,686
85,508
60,698
84,462
100,308
75,248
54,478
814,088
27.666
86,392
40,710
57,862
60,558
58,262
73,525
126,496
119,667
79,481
54,718
TI4,UR
49,233
70,163
77,88»
59,762
84 607
97,338
97,599
770
THE CHRONICLE.
[December 12, 1863.
RAILROAD, CANAL, AND MISCELLANEOUS STOCK LIST.
Subscriber* will confer a great favor by
•
,•
Marked thus * are leased roade
n dividend col. x — extra% c
n
.
cash, s
=
Stock
out¬
stock.
Immediate notice of
ns
standing.
In
Last pa id.
Date.
rate Bid. Ask.
Periods.
100
Burlington A -li^souri River. 100
Cape Cod
50
50
60
60
Catawissa*
do
preferred
50
Cedar Rapids A Missouri *..100
Central Georgia A Bamt’g Co.100
Central of New Jersey
100
5(1
Central Ohio
1.590.500
5,000,-i00
378,455
723,500
721,926
1.159.500
2,200,000
5,432,009
4.666.800
13,000,000
2,400.000
400,000
2,017,825
3.886.500
2.425.100
12,500,000
4,390,000
1,000,000
2,227,000
14,555,675
16,356.287
•
•
Jniy July’68 *2**
July July ’68 4
July July ’68 3X
U9X 120
April & Oct Oct. ’68 4
April A Oct Oct. ’68 5
A
Jan. A
Jan A
•
•
•
•
•
....
••••
• •»
•
•
•
•
('ct. *68
Quarterly.
June A Dec June’68
Jan. A July July ’68
May & Nov. Nov. ’68
.
•
....
2X
•
....
do
4
132
5
5
136X
•
•
•
•
•
.
.
.
.
•
.
27X
....
•
....
4
....
•
•
.
Aug Aug. ’68 '5” 128X 129
Feb. A
■
Jan. A
July July 68 3X
May A Nov May ’6^
•«
•
•
18
6u
3
•
22
61
•
....
•
•
•
....
....
....
5
....
75 X
77X 77 X
10jX 196 X
10
5s
*
*
*
•
•
•
50
50
Columbus and Xenia*
Concord
Concord and Portsmouth
Conn. A Passmnp. pref
Connecticut River
Cumberland Valley
Dayton and Michigan *
1.786.800 Dec A June Dec. 67 4s
1,500,000 May A Nov Nov.*68 5
100
350.000 Jan. A July July 68 3X
100 1.822.100 Jan. A July july *68 8
125
100 1,700,000 Jan. A July July ’68 5
50 1.316.900 Apr. A Oct. Apr. ’68 4
•
....
..
....
....]
...
....
....
u
....
....
130
....
.100 2,4C9,000
25
Delaware*
594,201 Jan. A July July ’68
11,238,600 Jan. A July July '68
Delaware, Lacka., A Western 50
do
do
scrip. 100 2,812,000
Detroit and Milwaukee
100 1,047,350
do
do
pref.. .100 1,500,000
Dubuque and Sioux City
100 1,673,952
do
do
pref. ..100 1,988.170
Eastern, /Mass)
100 3,383,300 Jan. A July
East Tennessee A Georgia.. .100 2,141,970
East Tennessee A Virginia -100 1,902,000
Elmira and Williamsport*.... 50
500,000 May A Nov
do
do
pref. 50
500,000 Jan. A July
Feb. A Aug
Erie,
-100
do preferred
-.
.
.. 100
3,536.900 January.
Fitchburg...,
100 3,540,000 Jam. A July
Georgia
100 4,156,000 Jan. A July
Hannibal and St. Joseph
100 1,900,000
do
do
pref. 100 5,300,000
100 3,300,000 Quarterly.
Hartford AN.TIaven
Housatonic preferred
100 1,180,000
Hudson River
100 12,081,400 April A Oct
Huntingdon and Broad Top *. 50
615,950
do
do
pref. 50
190,750 Jan. A July
Illinois Central,
100 25,263,704 Fi-b.A Aug.
Indlanapoiis, Cin. A Lafayette 50 6,185,897 Mar. A Sep
JeSersonv., Mad. A tndianap.100 2,000,000 Jan. A July
Joliet and Chicago*
100
300,000 Quarterly.
Joliet and N. Indiana
100
300,000 Jan. A July
3
5
..
•
••••»
•
.
•
•
July 68
3X
Jaly *68
4
•
•
•
118
jackawanna and Bloomsburg 50
100
Lake Shore...*...*
^ehlgh Valley
50
Lexington and Frankfort
100
Little Miami
50
Little Schuylkill*
50
Island
•
•••
Nov '58
July 63
Feb.’66
Jan. ’68
Jan. 69
July '68
Oct. ’68
Jan. ’68
Oct. ’68
•
Common
do
Manchester and Lawrenue
..100
Memphis A Chariest
100
Michigan Central,
100
Michigan Southern A N. Ind..l00
do
do
guar.100
Milwaukee A P- duChicn
ids
do
do
lstpref.100
do
do
2d pref. 100
100
Milwaukee and St. Paul
do
preferrod
100
Mine Hill A Soh’lkill Haven* 50
Mississippi Central *
100
Mississippi A Tennessee.. 100
Mobile and Ohio
100
Montgomery and West Point.100
Morris and Essex
50
Nashua and Lowell
loo
Nashville A Chattanooga
.100
2X
3X
4T
60
85
88
38X
7
58X
60
9(3
136
4
4
....
....
90X
92
200
3
4
4
....
93
94
•
July ’68
Sep Sep. ’60
Sep Sep.’60
5
•
.
....
•
•
4
....
99 X 100
4X
2X 110
3
4
2
111
•
•
•
•
•
•
100
New Bediord and Taunton ...100
New Haven A Northampton..10
New Jersey,
loo
New London Northern..
ion
N
Orleans, Ope . A Gt. WestlOO
100
N «w York Central,
92
92X
•
•
•
•
•
•
«
•
•
•
,
.
..
.
....
22X
8X
8s.
3s.
....
23
T?
r
m
120
119
85X
sox
•
A July
■
64
S2X 83
115
114
62X
Jan. ’67
July July '68
5
4
)
’67
’66
’66
93
....
5
4
Jan. A Jul] 7
3
Feb. A An*? Ang. ’61 3 5
Mar & Sep Sep.’6 7' 4
©
•
•
r
*
•
•
#
t
.
.
.
•
•
•
•
•
yH CO T-» V* 1-4 CO c* *
.
•
• •
...
*
&AnjS Aug.
’6 8
4
36
l”
May ’68
tlX
190
66
Nov!’68
2#
July ’68
3
3
Aug.’6S
July ’68
100
June A Dec
Feb. A Aug
Feb. A Aug
Feb. A Aug
• ••
•
•
•
.C Ct
...
4”
5-
'
5H
8
June’68
Aug. ’08 4
Aug. ’68 8
Aug. ’68 5
May A Nov May ’67 3
Jan.
1,025.000 Feb.
1,175,000 Feb.
1,908,207 Feb.
2,888,977 Feb.
5
A July Jan. ’68
A Aug
A Aug Feb.’’68
A Aug Feb. 67
A Aug Feb.’67
Jan. A
July
Irregular.
5
6
6
100
184
132
'56X
•
72
20
72X
40
41X
22
• • • *
64
•
•
t
*
123}i 123 'a
Steamship.—Atlantic Mai
100 10,000 COO
100 4,000,000
Pacific Mail
loo 20,000,000
TiUgt.—Fanners’ L. A Trust.. 26 1,000,000
National Trust
100 1,000,000
New York LifeA Trust.. 100 1,000,000
Union Trust
100 1,000,000
United States Trust.
100 1,500,000
100, 2,856,609
MiHng.—MariposaGold
Mari
iposa Gold Preferred.! 00 8,673,400
-
Cul tswilver...*
100110,000,000
•
•
82
•
39*'
36X
210
40
•
•
•
36
225
43
170
• • • «
•280
47
48
20
2
5
2
14*
30*
14%
30*
15
15X
4?X
46
25*
20*
26X
Quarterly.
Dec.’66
8
Quarterly.
Quarterly.
Jan. A July
Jan, A July
Feb. A Aug
Jan. A July
Dec.’67
Dec. ’67
2X
Jan. &
•
60
...
20,00*000
6.00 ,100
•
60
25
50
25
100
100
>..100
100
...10o
•
so"
24
Jan. ’05
Oct. ’07
1,500,000 Mar. A Sep. Mar. ’68
2,500,000
500,000 Jun. A Dec. Dec. ’67
5,000,00"
2,000,000 Jan. A July July ’68
5,000,000
Pennsylvania
50 3,200,000 Quarterly. Ang.’68
Spring Mountain
50 1,250,000 Jan. A July Jan.’67
Spruce Hill
*
10 1,000,000
Wilkesbarre
100
3,400,000 Apr. A Oct
W yomingcV alley
100 1,250.000 Feb. A Ang Aug. ’06
Gas.—Brooklyn
25 2,000,000 Feb. A Aug Aug.’67
Citizens (Brooklyn)
20 1,200,000 Jan. A July July ’68
Harlem
60
:
1,000,000 Feb. A Aug. Aug.’68
Jersey City A Hoboken.. 20
386,000' Jan. A July July ’68
Manhattan
60 4,000,000 Jan. A July
July '68
Metropolitan
100 2,800,000
New Yoric
50 1,000.000 May A Nov Nov. ’OS
Williamsburg
60
750.000 Jan. A July July ’68
Improvement. Canton
i6x
731,2*0
Boston Water Power
1Q0 4,000,000
July ’66
Telegraph.—Western Union. 100 40.359,400 Jan. A July Jan. ’€9
Express.—Adams
100 10,000,000 Quarterly. Apr. ’68
American
500 9,000,000 Quarterly. May ’68
Wells, Fargo A Co
....
•
76*
908,400
55X 55*
6,700,000
70*
1,000,000 May A Nov May ’6S 3 X 79
1,497,700 Jan. A July Jan.’68 4
2,250,000 June A Dec Dec. ’68 4 i6ix loix
64
2,860,000 Jan. A July J«r ’68 IX
2,353.679
..*...
United States
92
Feb. A Au£5 Ang. ’6?
Jan. & Jul] July '61 i
)0 Feb
5,819,275
Aug.’68
do
Merchants’ Union
4
7s
5
U4X
•
.
1 June & Dec Dec.
3 Mar. A Ser Dec.
3 May & No\ Nov.
,5
pref.100
Ashburton
Butler
Consolidation
Central
Cumberland
'
-
9
7
January.’
0
0
0
0
0
2d
miscellaneous.
Coat.—American
....
•
...
Naugatnpk
•
1,469,429
2,989,090
393,073 May A Nov
901,841
676,050 Jan. A July
869,450 Feb. A Aug
635,200 Jan. A July
100
Schuylkill Naviga. (consol.).. 60
do
prefer.. 60
Susquehanna A Tide-Water.. 50 2,002,746
Union, preferred
60 2,907,850
West Branch A Susquehanna. 50
1,100,000
Wyoming Valley
..
60
800,000
96
....
February... Feb.’67
February... Feb. ’67
......t...
do
do
Morris (consolidated)...
do
preferred
•••
«
IX
’68
'68
’68
Jan. A July July
Feb. A Aug Aug.
Feb. A Aug Aug.
Jan. A
Feb. A Aug.
2.300,000
2,040,000 Annually.
50 1,983,563
50
1,633,350
.100
15,000,000
100 4,500,673
Lehigh Coal and Navigation 50 8,739.800
Monongahela Navigation Co. 50
728,100
...
•
5
3
5
4
5
Mar.’68
1
847,100
.
Jan.’66
Oct. '68
830
107% 108
49X to
1,305,600
3,210,900 Feb. A Aug Aug. ’68
1,314,130
1,983,150 Jan. A July July "68
1,115,400
lstprei.100 1,651,316
Delaware Division*
Delaware and Hudson
Delaware A Raritan,
144X
«...
525
Oct. *63
ts ov. ’68
Canal.
3X
Aug.’68 5,8s 143
Sep.’67 4
Jan. *68
29*
76
96
2,000,000
Chesapeake and Del.
..
...*
Ang.’68
..100 2,94-,791
pref.100
555,500
Western (N. Carolina)
100 2,227,000 Jan. A July Jan. ’64
Western Union (Wis. A Ill.)
2,707,698
Wilmington and Manchester. 100 1,147,018
Wilmington A Weldon..;
1,463,775
Worcester and Nashua....... 76
1,522,200 Jan. A July July ’68
125X
May A Nov Nov. ’68
1 Jan.
'
do
Maine Ce itrai
Mar. A
Mar. A
50
100
100
Syracuse, Bingh’ton A N.Y..100
Terre Haute A Indianapolis.. 50
Toledo, Peoria, A Warsaw...100
Virginia Central,
Virginia and Tennessee
...
125
Jan.’A July Jan. *69
Quarterly. Oct. *68
514,646 Jan. A July July ’68
3,572,400 June A Dec Dec. ’67
2,646,100 Jan. A July July '68
100
Marietta A Cincinnati,lst pref 50
do
do 2d pref.. 50
100
Utica and Black River
100
Vermont and Canada*.
100
Vermont and Massachusetts. .100
•
...
50 3,000,0(10
Ang. ’66 0
Louisville, Cin, A Lex pref .100
211,121 Jan. A July July ’68 4X
Louisville and Frankfort
50 1,109,594 Jan. A July July ’68 3
Louisville and Nashville
100
Feb. A Aug Acg. ’68 3
Louisville,New Alb. A Chic..100
Macon and Western
100
Dec. 68 6
Long
•
•
.
•
•
•
Aug
Quarterly.
May A Nov
Jan. A July
Jan. A July
Jan. A July
Apr. A Oct
Jan. A July
100
Shore Line Railway
South Carolina
South Side(P. AL.)
South West. Georgia
do
do
<
•
100
Toledo, Wab A West
100
do
do
preferred.100
•
Feb. A
3X
.
..
79
1.01*
5
.
•
•
2,400,000
..
ShamokinVal. A Pottsvillc*. 50
•
.
482,400
7,000.000
50 27.597,978
50 5.996.700
Sandusky, and Cincinnati
50
do
do
pref. 50
Sandusky, Mansf. A Newark.100
Schuylkill Valley*
50
«
84
101
....
•
09
3
4
do
100
preferred
St. Louis, Alton, A TerreH.. .100
do
do
pref.100
St. Louis, Jacksonv. A Chic.*lC0
76X
.
3
Feb. ’68
Oct. ’68
2,063,655
100
Rutland
Cincinnati and Zanesville.... 50
..
96
5s.
Rome, Watect. A Ogdensb’g..l00 2,500,000 Jan. A July July ’68
....
1,676,345
Cleveland, Col., Cin. A Ind.. .100 10,450,000 Feb. A Aug Aug. ’68 *3X 75X
Cleveland A Mahoning*
50 2,044,600 May A Nov Nov. ’68 4
83X
Cleveland and Pittsburg
... 50
5,411,925 Quarterly. Jan. *69 2
50 6,250,000 Jun. A July Jan. 'i69 4 X i00X
Cleveland and Toledo
Columbus A Indianan. Cent..100 6,540,000 Quarterly. Oct. ’67 2X
132*
20,226,604
3,500,000 June AT)ec June’68 3%
4,848,320 Jan. A July July ’68 3
Reading,
Richmond and Danville
Richmond A Petersb.,
....
75 X
5
5
112
96
97*
60 25,028,905
July '68 5 8 134 156
Phila., Germant. A Norriet’n* 50 1,569,550
Oct. ’68 5
111
110
Phila., Wilming. A Baltimore. 50 9,058,300
July ’68 4
Pittsburg nnd Connells ville... 50 1,776,12"
Pittsb.,Ft.W. A Chicago
100 11,500,000 Quarterly. Jan.’ ’69 'ik iox no*
Portland A Kennebec (new)..100
579.500 Feb. A Aug. At:g.’63 3
Portland, Saco, A Portsm’th.100 1,500,000 June A Dec Dec. ’68 3 163” 99*
Providence ana Worcester... .100 1,800,000 Jan. A July July ’68 4
Raritan and Delaware Bay*.. .10C 2.530.700
Rensselaer A Saratoga consollOO 2,850,000 April A Oct Oct. ’68 SX
June A Dec June'68 5,2x
CO
118X
Quarterly. Oct. 68 2X
June A Dec June'68 3
69X
do
June '68 3
December. Dec. ’67 3
66X 68
138
140
Mar A Sep. Sep.'68 5
l^C
Mar A Sep. -ep.’68 5
172
Mar. A Sep. Sep.’68 5
30
•
3,023,500 Annually.
1,000,000 Apr. A Oct
100
Philadelphia and Erie*
do
do
preferred
Phila. and
•
•
2
Feb. ’67
50 3,150,000
100 2,363,600 Jan. A July July ’68
Pennsylvania..
•
4
100 4,000,000
100 2,469,307
Panama
•
120
898,950
155,000 May A Nov
Ogdensb. AL. Champlain —100
do
preferred.100
Ohio and Mississippi,
100
do
preferred. .100
Old Colony and Newport
100
100
Orange and Alexandria
Oswego and Syracuse
50
....
Asl
90
300.500
137,600 Jan. A July Jan. ’68 3X
guar.100
North Pennsylvania
Norwich and Worcester
,.
134X
3X
120
A July July ’G8
1.600.000 Jan. A July July ’68
6,000,000 Jan. A July July ’68
2,000,00" Jan. A July Jan.’67
pref. .100
North Eastern (S. Car.)
do
8p.c., pref
North Carolina
North Missouri
•
.
143
do
Periods.
Northern of New Hampshire. 100 3,068,400 June A Dec Dec. ’68
Northern Central,
60 4,648,900 Quarterly. Nov. ’68
*
•
•
5
3
FRIDAY
Last paid.
Date, rate Bid1
6,785,06- Jan.
York, Pro v. A Boston... 100
Norfolk A Petersburg,
.
Dividend.
out¬
(dividend col. x «= extra, c —
cash, b — stock.
standing.
New
«
60
3X
IX
•
preferred.......50
Cheshire, preferred
100
Chicago and Alton,
100
do
preferred. .100
Chic. Bnr. A Quincy,
100
Chicago and Great Eastern. ..100
Jan. A July July 63
Chicago, Iowa A Nebraska*.. .100
Chicago and Milwaukee* ...100
June A Dec Dec. ’68
Chicago A Nor’west
100
do
do
do
Dec. ’68
pref. .100
Chicago, Rock Isl. A Pacific..l00 14,000.000 April A Oct Sep. ’68
Cine., Ham. A Dayton
100 3,521,661 April A Oct Oct. '68
Cincin.,RichmM A Chicago *.100
362,950
do
•
jan,
Jan. A July July ‘68
Jan. A July July ’68
Jan. A July July ’68
June A Dec June'68
6,000,000 Feb. A Aug Aug. ’68
;
Camden and Amboy,
Camden and Atlantic
do
do
preferred
....
discovered in our Tables.
Stock
v sw York
and Harlem
50
New York A Harlem pref.... 50
N. Y. and Nevv Haven
100
tar
Railroad.
any error
COMPANIES
Marked thus * are leased roads
tbttut
Albany and Susquehanna.... 100 1,861,393
Atlantic A St. Lawrence*.. ..100 2.494.900
Atlanta & West Point ........100 1.232.100
Augusta & Savannah*
10o 733,700
Baltimore and Ohio
100 18,151,962
Washington Branch*..... .100 1.650,000
Parkersburg Branch.... . 50
Berkshire*.....
10C
600,000
250,000
Blo9&burg and Corning*
50
B >ston and Albany
.100 13,725,00i<
Boston, Con. A Montreal,pref.100 1,340,400
Boston, Hartford and Erie.... 100 14,884,000
Boston and Lowell
500 2,169,000
Boston and Maine,
10C 4,076,974
100 3,360,000
Boston ana Providence
950 000
Buffalo, New York, & Erie*.. 100
Buffalo and Erie
giving
Dividend.
COMPANIES
3
5
July ’68
48*
43*
25X
49
44
114* 114tf
4
July ’68
Ang. ’68
10
Jan. *69 4
July July 68 5
,
Fob
*65l5g’d
160
iS
21
6
20*
21*
RAILROAD, CANAL
73
interest.
will appear In this place
Amount
Deb* outstand¬
umn
it is
col¬
expressed by the figures
in brackets after the
ing.
next week.,
Description.
FRIDAY.
.
62
Debt
given in detail in the 2d col¬
It is expressed by the figures
is not
P 03
rC3
umn
•r-4
Payable.
in brackets after the
FRIDAY
INTEREST.
N.B.—Where the total Funded
P.a>
t
V.B.—Where the total Funded
is not given in detail in the 2d
LIST.—Page 2.
AND MISCELLANEOUS BOND
Bond List Page 1
Description.
771
THE CHRONICLE.
12, 1868.]
December
Amount
outstand¬
ing."
£
Co’s name.
X)
Payable.
f
B
Co’s name
Railroad:
Railroad:
Bonds’70
Montgomery db West Point:
Income Bonds
Mortgage Bonds (new)
Iforris and i£sse:r($6,347,437);
1st Mortgage, sinking fund
2d
5.000,000
.
(convert
Bonds.
Hampshire & Hamden R.R. do .
New Jersey ($850,000); Bonds of 1853
N. Haven dc Northampton :
New
London Northern: 1st Mortgage
New Orleans,
Jackson <£ Gt. North.
Mortgage Sinking Fund
2d Mortgage
New Orleans, Opelou. & Gt. West.:
1st Mortgage Construction Bonds
1st
New York Central;
Premium Sinking Fund Bonds ..
Bonds of October, 1803 (renewal)
Real Estate Bonds
Subscrip. Bonds
(assumed stocks)
Sink. Fund B’ds (assumeddebts).
Convertible Bonds
New York and Harlem ($5,09 -,025)
1st General Mortgage
Consolidated Mortgage
4th Mortgage
N iork and New Haven: Mort.Bo’d
N. Y., Prov. and Boston : 1st Mort
Improvement Bonds
Northern Central ($5,182,000);
1st Mortgage, State (Md.) Loan...
.
do
do
Northern New Hampshire : Bonds..
North Eastern; 1st Mortgage...,
2d Mortgage
North Carolina: Loan
North Missouri: ($0,000,000)
1st General Mortgage
North Pennsylvania ($3,232,154):
2d
3d
Mortgage Bonds
Chattel Mortgage
i.
Norwich and Worcester
General Mortgage
r
($580,000)
Steamboat Mortgage
Ogdensburg and L. Champlain:
1st
Mortgage
Ohio and Mississippi: 1st Mort.E.D.
1st Mortgage, \V. D
2d Mortgage, W. D
consolidated
1st Mortgage
Old Colony & Newport:
Bonds.
do
do
2d
3d
or
or
,...
Bonds....
($2,037,762):
Orange db Alexandria
1st Mortgage
1st Extension ...
2d Extension ....
Oswego & Rome:
1st Mortgage (guar.
byR. W. & O.)
Income
Oswego and Syracuse;
2d Mortgage
Pacific, of Missouri,
1st Mortgage
Mortgage (gold)
Mortgage construction bonds..
1st
Panama: 1st Mor.gage,sterling...
2d Mortgage, sterling....
Peninsula
:
1st Mortgage
Pennsylvania ($19,68<’,573)J;
Mortgage
do
General Mortgage Bonds
Short Bonds or Debentures...
Bonds due State of Pennsylvania
Phila. and Balt. Central ($S00,000):
1st Mortgage —'
1st
2d
Philadelphia and Erie ($10,600,000)
1st. Mortgage on 40 miles
(general)
(general)!
Philadel., Germant. db Norristown ;
1st Mortgage
2d
do
Convertible Loan
Philadelphia db Reading ($6,5G0,825)
Dollar Bonds of 1849
1861
do
1813—4—8-9
Sterling Bonds of 1843
do
do
Dollar
do
Jan. &
1,842,600
Apr. & Oct.
6,189,154
2,909,000
165,000
671,000
1,514,000
453,000
3,000,000
1,797,000
99,500
1,0(52,500
250,000
100,00'*
1,500,000
1,9^7,000
3,064,500
125,900
700.000
145,000
339,000
O. & P. R. R. Co
do
Columbia: 1st Mort..*
Rensselaer db Saratoga consolidated ^
lBt Mort. Rensselaer & Saratoga^,
2d
do
do
do
1st Mort. Saratoga & Whitehall...,
lst Mort. Troy, S. & Rut. (guar.) .
Richmond <1 Danville ($1,717,500):
(thMortgage
.nterestBonds
;...
Richmond db Petersburg ($319,000):
Bonds, coupon & registered
General Mortgage
Mar. & Sep.
do
do
1,501),000
762,000
Aug]
July)
2,656,600
106,000
411,000
1,415,000
153,000
1,000,000
500,000
1874
1870
1869
1872
1872
1874
Feb. & Aug!
Jan. & July
1875
April & Oct
1898
1880
1872
......
94
85
94
101
95* 96
Yorkd Cumberland (North. Cent.):
1st
2d
July 1876
April & Oct
3d
1881
1901
Jan. &
86
July 1882
Jan. & July
do
do
do
July)
Jan. &
1S70
1871
18S0
1SS0
18S6
93
1881
do
do
do
Feb. & Aug
do
1912
1912
1912
1876
1881
1881
1890
April & Oct
1883
1895
Mch & Sept
do
1888
1888
1876
do
do
Mch & Sept
Jan. &
July
1879
1873
500,000
80-’87
Mar. & Sept 1886
May & Nov. 1890
826,000
140,547
Feb. &
do
130,500
175,000
Jnfce & Dee
Mar. & aep. 1870
do
86*
Monongahela Navigation ; Mortgage
Morris * Mortgage
103
97
93
Bonds
J
Boat Loan
Schuylkill Navigation : ($7,775,720)
IstMortgage....
2d
17j,000
Jan. &
200,000
Mortgage
”21,514
7-MOO
Miscellaneous:
American Dock db Improvement:
N.J.)I
Bonds (guar. Cen.R.R. Co. of
Consolid. CoalCoJMd.): Mort.( conv.)]
Cumberland Coal: 1 st Mortgage...,
Mariposa Minina :
Trustees Certificates
Quicksilver Mining :
1st Mortgage (gold)
69 ’76 68* 69*
2d
do
Western Union
let Mortgage
>•
«••*-•••
do
Telegraph:
convertible....
I
87*
1876
84
1894
83*
...
1890
1890
1878
1878
1863
1907
IBS'7
1885
1875
1882
1905
!96-’98
Feb. & Aug
do
900,001
2,500,000
J,000,000
1,500,000
May & Nov.
do
May & Nov.
Quaiterly.
600,000
Jan. & July
300,000
800,000
Apr. & Oct.
May & Nov
Mar. & Sep.
June?& Dec
Jan. & July
2,000,000
18,000,000
2,000,000
386i
June & Dec
Jan. & July
Jan. & July
„
1,500,000
550,000
1867
1883
June & Dec
do
do
Feb. & Aug
1872
1864
1865
1875
Jan. &
„
448,000
511,400
400,000
662,800
400,000
200,001:
600,00(.
1878
3878
1890
1890
July
April & Oct
Jan. & >uly
do
84
85
.
,
93
83
83*
..
75
73
..
•
•
•
•
•
«
•
.
ioi
101*
79
49
78
•
.
‘
..
•
92
•
•
•
•
•
•
...
•
•
•
92
75
90
91
3,155,400
Feb. &
Aug|
1,000,000
2,000,000
500,000
155,500
25,000
500,000
Jan. &
July 1S97
1896
1886
Jan. & Dec.
May & Nov. 1878
May & Nov.
Jan. <fe July
do
1
1870
1871
1877
93
98X
81*
82*
88*
S3*
Jan. & July 1886
Ja Ap JuOc| 1870
1890
do
18&5
Jan. & July 1878
Mch & Sept 1870
May & Nov 1877
1865
Jan. &
2,089,400
2,000,000
4,375,000
1,699,500
800,000
631,000
1,500,001
|
July]
752,000
Quarterly.
5,606,122
2,000,000
5,C00,C0(
1,201,850
1884
1897
1897
1877
83
93
75
April & Oct f
1887
1876
1885
81
Sepl |
1872
do
June & Dec I
do
Jan. & Julyl
148,000
782,250
do
267,010
Mch &
Jan. &
10
7
500,000
7
1,000,000
7
1883
1878
1878
Jan. A Julv
Jan. & Jnly
Jan. & July
417,000
1878
80
1882
1870
May & Nov. |
Jan. & July
Jan & Jul}
629,000)
July
May & Nov. f
Jan. & July
do
do
2,000,000
697,501;
Bonds.
1886
498,001'
2,000,000
Pennsylvania Coal: Mortgage
Aug ’73 ’75
Juiy
June & Dec
1,250,000
Susquehanna Canal pref. int. bonds
325,000
Union (Pa.): 1st Mortgage
3,000,000
West Branch and Susq. ;1 st Mortgage
633,000
Wyoming Valley : 1st Mortgage....
600,000
Coupon Bonds
1871
April & Oct
1 362,500
I
’
I 1,000,000
Susquehanna and Tide-Water:
Maryland Loan
July
Jan. &
2,000,000
• • ••••••••
1,761,213 6
j 3 980,670
Improvement
70
?00,000
Canal
Chesapeake and Delaware ; lst Mort.
Chesapeake and Ohio: Maryl’dLoan
Sterling Bonds, guaranteed
Preferred Bonds
Delaware Division : 1st Mortgage...
Delaware an d Hudson.; Bonds (conp)
:.
..
Bonds, Nov. 1, 1867
Erie of Pennsylvania: 1st Mortgage.
Lehigh Coal and Nav.:
Gold Loan of 1897
Convertible of 1877
Aug 1889
Semi an’ally
do
do (guaranteed Baltimore)
Loin of 1884
Loan of 1S97
April & Oct 71’87|
Feb. &
Mortgage
1877
do
April & Oct
1st mort. (endors. by State of N.C.)
Wilming on db Manch'r ($2,500,000).'
1st mort. (1st, 2d and 3d series) ...
2d mortgage
1876
1875
Jan. & July ‘70 ’75
10 ’72
do
65 ’(to
do
onn nn,
I,o00,00(
Western Union: 1st Mortgage
Wilmington, Charlotte d- Rutherford:
1900
Feb. & Ang 1872
Jan. & July 1886
68-74
Various.
Mar. & Sept 18—
nnr
JJ J
2,275,311
*»’"2,633
250,000
_
,
Aug
Jan. & Jol)
Jan. & July
600,OoO
(guaranteed)..
Westchester dc, Philadelphia :
1st Mortgage (convert.) Coupon ...
2d
do
, registered
97* Western Maryland : IstMortgage...
1st
do
guaranteed
2d
do
guaranteed, Balt....
1890
Jan. &
lst-mort....
Pacific: 1st Mortgage coupon
3d
do
Income Mortgage
Waiuren: 1st Mortgage
July! 1880 !00*4
April & Oct 1875
69-’7l|
var.
I’ko-”’’
Jan..& July 1910
Convertible
Union and Logansport:
1692
1882
Feb. Srj
650,000
200,000
Virginia & Tennessee ($2,177,000);
IstMortgage
’70-’75|
| 1898
.'IstMortgage....
Union
Vt. Central & Vtdb Canada: 1st mort
Vermont Central:"1st Mort. (consol.)
2d
do
Vermont and Massachusetts 1st Mort
1877
1885
do.
RR)
1st Mort. (L Erie,Wab A StL. RR.
2d Mort. (Tol. & Wab. RR)........
2d Mort. (Wab. & West. Railway).
Equipment (Tol. & Wab. Railway)
Consold. Mortgage Bonds
1st Mort. (Tol. & Illinois
1 roy and Boston
2d Mortgage
do
3d
99*
s.75-’76|
230,000
300,000
150,000
450,000
400,000
91*
1C9
May & Nov. 1916
Feb. & Aug 1<?91
’70-’80|
May
600,000
800,000
91
May & Nov. j 1873
6,375,733
102,100
W.d!
May & Nov J 1866
Jan. &
Jan. &
1,000,000
5,000,000
4,000,000
1st Mortgage, W.D
2d
do
■
Toledo Wabash dc Western.-(13,300,00)
80
1900
Jan. & July
June & Dec
818,200
i
1st Mortgage
Toledo,Peo & Warsaw :lstMort,E.D.
89
var.
Bonds guar, by At. & Pacific R.R..
Southern Minnesota: Land Grant B’d
Syr a. Bing, and N. Y. :
&July 1880
April & Oct 1887
4,972,000
4,880,000
575,000
S5*|
Staten Island: 1st Mortgage.
Jan.
1,150,000
1,075,000
3,400,000
81*
J.A. J.&O
Sandusky and Cincinnati:
Mortgage bonds.
Sandusky, Mansfield and Newark:
Special Mortgage
Pacific, Railroad:
92* 86
84
84*
May & Nov 1894
Feb. & Aug 1892
April & Oct, 1694
700,000
free) l,20i',000
961,000
1st Mortgage
Funded Bonds
Shamokin Valley & Pottsville:
1st Mortgage
South Carolina : Sterling Loan.....
Domestic Bonds
South Side (L I.)
South Side ($1,631,900) :.
1st Mortgage (guar, by
3d Mortgage.
1894
1894
do
income
2d
do
1,700.000'
St. Louis & Iron Mountain: let mort 2,200,0 0
St. Louis, Jacksonv dbChic: 1st Mort
St. Paul & Chicago ($4,000,000) ;
1st Mort. land grant, S. F. guar.... ... .
St. Paul & Pacific ot Minn : (1 st Div)
1st Mortgage (tax free)
.
1st Land Grant Mortgage (tax
S. W.
July 1896
Feb & Aug.
Mcli & Sept
59,000
85*
1867
Aug]
296,000
Equipment Bonds
Reading and
April & Oct
April & Oct
1,000,000
250,000
bonds, ext
Consolidated bonds
Raritan and Delaware Bay:
1st Mortgage, sinking fund
2d
1885
1900
1874
1869
1868
JiiJy
Jan. &
Semi an’ally
2,200,00(
2,800,000
Peteisbnrg)
iried.
Quarterly.
Feb. &
6,000,000
96
fan. & July 1881
July]
350,000
200,000
198.500
375,000
96
73-’78|
Feb. & Aug
987,000
2,000,000
Pittsburg and Steubenville: 1st mort
2d Mortgage
Quincy and Toledo: 1st Mortgage..
LOrtland db Kennebec($ 1,373,400);
1871
1875
Jan. &
do
do
do
400,000
1,130,500
573.500
86
1872
May & Nov. 1893 100
Feb. & Aug
July
1,338,000
1,458,000
86*
92
96
1876
Jan. &
Feb. &
850,000
750,000
90
I860
Jnn. &Dec ’G9-’74
Jun. &Dec, 1891
Feb. & Aue 1868
1868
do
Jan & July 1875
Feb. & Auy 1881
1,372,000
1883
April & Oct
..
1 st Mortgage...
& Terre Haute :
IstMortgage
2d Mortgage preferred
May & Nov. 1883
do
Feb. & Aug 1876
June & Dec
Mar.& Sep
757,800
611,50C)
563,000
1,800,000
946,000
400,000
329,(XH
2d Mortgage
St. Louis, Alton
1883
do
do
Sacramento Valley:
1876
1881
3869
1874
1873
1885
May & Nov 1887
100,000
300,000
2,050,000
97
94*
18S9
June & Dec
Jan. &
2,500,000
360,000
96
1586
1890
July
npril & Oci
2,741,000
1,035,000
400,000
(Turtle Cr. Div.)
2,000,000
1st Mort., whole line
5,250,000
P'b'g,Ft. W. and Chic.: IstMortgage 5,160,000
„
&July
200,000; 6 April & Oct
485,000 0 Feb. & Aug
Jan. & July
140,000
Mort.
2d Mortgage...
3d
do
Jan.
Potsdam & Watertown, guar
R. W. & O., sinking fund
Rutland: 1st Mortgage
Sinking Fund (Wat. & Rome)....
1915
May &Nov.
do
Jan. & July
171,500
Mortgage Loan
Coupons Bonds
Pittsburg db Connellsville ($1,500,000)
1st mortgage
do
Rome, Watert. db Ogdens. :
1881
do
196,000
174,000
450,000
976,800
Bonds, convertible
Bridge Bon Is
1870
1876
July
Feb. & Aug
1,521,000
PhiladelWilming. & Baltimore:
1st
Jan. &
3,500,000
do
Naugatuck : 1st Mortgage
New Bedford <fe Taunton
100,000
310,000
750,000
188*
1885
1879
Jan. &
Feb. &
1885
Jnly
Aug 1881
Tune & Dec
Jan. AJfily
57
58
10
13
1894
•
• •
80
56*
I 1873
1879
4,8 7i300 7/May & Nov. 1874
88
772
THE CHRONICLE.
[December 12, 1868.
SOUTHERN SECURITIES.
INSURANCE STOCK LIST.
Quotation* by J. HI* W«Ith Sc
Co,, 15 New Stree
and
Broadway.
8'aU Sonde.
Offd Ask
45< 46
44
Dew
49
51
South Carolina 6s, old
49
51
4
“
6e, new
65
69
44
44
3s, reg. stock 61
64
Alabama 5s
62
64
44
8s
87
83*
Louisiana 6s, old
65
68
44
6s, new
61
63
44
—
6s, Levee
CUy Bonds and Stocks.
Alexandria 6s
Predricksburg 6s
6)*
Richmond 6s
Petersburg 6s
Wilmington, N. 44C., 6s
C 6s
8. C 6s, stock..
,
Charleston,
Augusta. Ga., 7s, bonds
,
Bavannan, 44 7s,
44
44
44
44
44
44
Atlanta, 44 8s,
44 6s,
Macon,
C<fumbus, 44 6s,
Mobile, Ala., 5s,
44
New
''
44
8s,
Orleans,
cons 44
Memphis, old,
44
....
6s,
Central,
8s.
Petersburg
7s
.
Fredicksb’g 6s.
44
44
stock
stock
44
(4
44
“
44
stock,....
Macon and Western stock... 100
Atlantic and Gulf bonds
75
44
65
Petersburg
7s
stocks
..
44
“
“
63
44
44
44
44
41
2d
8s, int
income.
7*' bonds
N.
38
19
60
.
8s 2 m bds
stock
40
9
Orleans, Jack. & Gt.North
6*
N. Orleans & Jackson 8s bds
44
44
2 m 8s 44
New Orleans & Opelousas “
Memphis & Charleston 7s 44
Memp & Charl’ton 2 mort 44
Memphis and Ohio 10s
44
44
44
6s
44
67*
80
65
80
55
74
1
81*
72*
79
70
45
82
75
40
28
5C
Memphis & Charleston stock
47
85
76
Beunehoff.
Bid. Askd
•par 10
45*
31
51
1
Brevoort
Bliven
Buchanan Farm...
10
Central
Clinton Oil
Columbia Oil....
m
60
®
1 50
Second
....
1 21
Manhattan
National
2 15
1 05
18
—
Sherman & Barnsdale....—
Tarr Farm
Union
10
United Pe’tl’mF’ms,... 2
United States
...10
.
Home
Bid. Askd
N. Y. & Alleghany
.par 5
Oil Creek
Pit Hole Creek
.25
Rathbone Oil Tract....." —
Rynd Farm
10
48
-
75
1 00
—
•
Mountain Oil
National
....
•
•
—
3 75
....
8*50
10
1 75 ,1 95
Bid. Askd
..
•
Ba;
Cal
1x
....
Companies.
Bid. Askd
Lake Superior
2
6
Madison
Manhattan
“M Mendotat
....
6
8
20
Mesnard
‘*20
Concord.
Minnesota
....
National
Native
.
Davidson
•
•
Flint ■'teel River
3*
8*
5*
....
•
•
•
•
•
•
.
.
.
.
1 95
•
••
•
•
*
•
•28*
•
Recia
Humboldt.
.
.
.
•
.
.88
5
8
.
•
•
.
•
•
•
40
40
.
Keweenaw
Knowlton.,
.
•
•
•
•
*
60
.
...
.
....
*
‘25
534
Quincy*
10
17 *6r 20
634
Resolute
76
St. Clair
South Pewabic
South Side
Star
*30
..634
17
*38
2
00
60
75
1134
Superior
Tremont....
•
63
88
1034
Rockland
2*
11
25
30
85
136
Winthrop
434
50
Capital f1,000,000, in 20,000 shares.
t Capital
t Capital $200,000, tn 20,000 shares.
$500,000, In 100,000 share8
Capital of Lake Superior companies
generally
$500,000, In 20,000 shares
GOLD AND SILVER MINING
STOCK LIST.
Companies.
Bid. Askd
Ada Elmore
Alameda Silver
par
• • •
10
Atlantic & Pacific
Bates A Baxter
Black Hawk
Benton
....
.
*
50
5
..
9
••
40
—
25
1 25
1 00
10
CentraH
—
•—
Corydon
25
Moines
....
8 00
2 50
5 15
....
....
—
....
6 CO
4 50
5 30
25
.
.
.
,
2 50
—
.
Gold Hill
Grass Valley
Gfannell Gold
.
.
.
—
Gunnell Union
S.b da
—
..
•
•
•
2
25
•
•
•
•
2
2
3
io
10
18
100 85 00
Harmon G. & S
Kipp & Buell
liT
45
1 15
52
1 35
10
75
30 00
25
76
4
10
.
LaCrosse
Manhattan Silver...
Midas Silver
Montana
10
..
...
Ophir Gold
70
17 00
5
5
73
Owyhee
People’s G. A S. of Cal.
Quartz Hill
Reynolds
•
Rocky Mountain
.
Sensenderfer
•
....
10
.
.
—
1 00 Smith & Parmelee...
20
45 SymnndH Fnrlr*
50 Twin River
Silver..... .100
80
.
Vanderhnrg
.
4 10
_
.
.
.
,
4 15
Jan. and July.
Jan. and July.
Jan. and July.
Jan. and July.
289,191 Jan. and July.
3*
6
14
16
5
5
10
10
J’e’64.,5
10
July’68.5
n* Jr 1)68.11
..
...
'
...
.
.
........
do “
New Amsterdam. 35
300,000
365,325
do
N. Y. Equitable.3 35
210,000
291,309 Jan. and July.
N.Y.Fire and MarlOo
200,000
273,680 Feb. and Aug.
Niagara
50 1,000.000 1,060,509 Jan.
and July,
North American* 60
500,000
541,400
do
North River
25
350,000 393,829 April and Oct.
Pacific
25
200,000 281,546 Jan. and
July,
Park
I00 200,000
229,250
ao
Peter Cooper
20
150,000 199,287 Feb. and
Aug.
People’s
*
26
150,000 164,440 Jan. and July,
Phoenix + Br’klyn 50 1,000,000
,
099,8!'2
do
Reliei.
50
200,000 1'227,003
do
Republic*
100
300,000 480,549
do
Resolute*
100
200.000 127,448
do
Rutgers’
25
200,000 256,087 Feb. and
Aug.
St. Mark’s
25
150,000
do
95,099
St. Nicholast
25
150,000 172,G18 Jan. and July.
Security t
50 1,000,000
943,185 Feb. and
Standard
50
200,000 270,95S Jan. and Ang.
July,
Star
200,000 212,314
do
Sterling *
100
200,000 224,012 Feb. and
Aug.
Stuyvesant
25
200,000 222,677 Feb. and Aug.
Tradesmen’s
25
150,000 178,717 Jan. and July,
United States.... 26
250,000 359.405
do
Washington
50
400,000 642.353 Feb. and Ang.
WilliamsburgCity 50 250,000 281,451 Jan. and
July,
Yonkers & N. Y.100
500,000 553,716
do
CITY
16
5
8
12
11
10
8
.
10
10
8
12
10
1"
8
8
10
7
7
10
6
5
15
10
9*
8*
7
5
io*
Companies.
Par.
Capital
paid in.
Dividend.
Date.
Price
p.ct bid.
July'68-2
10
10
10
,
■6
10
10
10
7
10
July’68.fr
July’68.2
July’8.6’?
10
11
July‘66.J
.
Aug’68.2
11
6
Feb.’67.1
10
.Aug.’68.2
8*
.
10
10
14
6,
5
£
8*
12
12i
12 Jn y’68.Jr
10 July’68.£
10 July’68
0 Aug’68.2
10 July’68.«
10 July’68.2
10 Oct. '68.5
V2
10 July'68.B
10 Aug’68.
10 July’68.
14
8
10
PASSENGER RAILROAD STOCKS
Bleeck.St.&Fult.F. 100 $900,000
Broadway (B’klyn) 100 200.000
B’dway & 7 Av.NY 100 2,100,000
B’klyn, Bath & C. 1.100
99,850
B’klyn Cent. & Jam. 100 488,100
Brooklyn City
50 1,500,000
.
B’k’nC. fcRtd’w’d. 100
B’k’n C. & Rock. B.
.
Cent. P’k,N.& E. R
Coney Isl. & B’klyn
D.D’k,E. B d’y.&c.
Eighth Avenue....
100
100
100
100
42d St. & G’d St* F. 100
Har. Br., M. & Ford
Ninth Avenue
Second Av.(N.Y.).
Sixth Av.(N. Y.)..
100
100
100
100
Third Av.(N.Y.).. 100
.
i
’
,
208,336
850,018
681,436
225,586
200,000
7i 10 July’68.5
250,000
July 68.5
250,000 279,261 Feb. and Aug.
io io Aug.’68.5
300,000 312,089 March and Sep
10
10
ep.’68.6
200,000 180,285 May and Nov.
200,000
192,688 Feb. and Aug. *9
Aug.’*685
300,000 399,062 June and Dec. 10
io is JuLe’68 5
200,000 280,551 Feb. and Aug. 12 12 12
ug.’68.8
153,000 259,089 Jan. and July. 20 20 20
July’6810
300,000
438,750 Jan. and July. 20 20 20 July68.IO
City
70
210,000 353,764 Feb. and Aug. 10* 12* 14*
ug’68 7*
Clinton
100
250,000 293,943 Jan. and July, 10 10 12 Aue.’68.5
Columbia*
100
300,000
do
861,839
July ’fc8 6
Commerce (N.Y.).IOO
200,000
do
213.472
io io io Ju y’68.5
Commerce (Alb’y)lOO
400,000 417,194 Feb. and Aug. 10 10 10
Aug.’68.4
Commercial..... 50 200,000
226.092 Jan. and July. 10
10
10
July’68.4
Commonwealth ..100
250,000 277,680 Jan. and July.
5
10
10
Continental *
.100
600,000 1,432,597 Jan. and July. 14 14 14 July'68.5
July’68.8
Corn Exchange.
50
400,000
385.101 March and Sep
J’ne’64.6
40
Eagle
300,000
425,060 April and Oct.
io io
Empire City.... .100 200,000 246,090 Jan. and July. m 14 14 Oct. '68.5
14
•July’68.7
Excelsior
50
200,000 226,229
do
10
10
10 July’68.5
30
Exchange
150,000 184,011 Feb. and Aug.
Firemen’s
17
204,000 273,792 Jan. and July, io io
io JuYy’68.7
Firemen’s Fund.. 10
150,000 123.101
do
3,
Jan’66.3*
Firemen s Trust. 10
150,000 160,963
do
5
July'68.5
Fulton
25
200,000 204,720
do
10
io io July’68 5
Gallatin
60
150,000
147,066 May and Nov.
6
Msy ’66.6
Gebhard
100
200,000 232,520 Feb. and Aug.
5
io io Aug. ’68.6
Germania
60
600,000
597.473 Jan. and July. 10
12
10
Globe
July’68.K
50
200,000 222,207 Jan. and July. 10 10
10 July’68."
Great Western*t,100 1.000,000
2,385,657 Jan. and July.
7 J’y ’68.8"
7
7
Greenwich
25
200,000
272.173 Feb. and Aug. 14 1C
12 Aug’CS.l*
Grocers’
50
200,000
187,065 April and Oct.
5
Apr ’65.0
Guardian....
200,000 198,456 Jan. and July,
’7 '7 July’68.5
Hamilton
15
150,000
do
185,2v8
*8
10 July'68 6
8
Hanover
60
400,000
do
426,752
10
12
10 Julv'68.6
Hoffman
50
200,000
do
144,613
5
Jan.’66.5
Home..
100 •2,000,000 2.393,915
do
i6 10 10 July’i’8.6
Hope
25
150,000
do
159,630
5
Jan.’65.5
Howard
50
500,000
do
596,822
20
12
io July’68.5
Humboldt
100 200,000
do
217,103
10
July 68’.5
Import’^Traders 25 200,000 204,664
do
6
July’68.5
International
100
500,000
509,480 Feb. and Ang.
5
'7
July ’68.5
25
Irving
200,000 233,253 Jan. and July. 10 10
io July ’68.5
Jefferson
30
200,010
257,458 March and Sep 14 10 10 Sept.’68.5
King’s Co’ty(Bkln 20 150,000 179,875 Jan. and
10 July ’68.7
10
July,
Knickerbocker... 40
280,000
do
324.352
10 10 10 July’68.5
Lafayette (B’klyn) 50 150,000 124,636
do
10 July’67.5
5
10
Lamar
.100
300,000
do
419,774
10 July’68 5
10
10
Lenox
25
150,000
do
175,845
9
10 July ’68.7
10
Lor.gIsland(B’kly) 50 200,000 301,939
do
18
14 July ’68.
16
Lorillard*
25 1,000,000 1.214,615
do
10
10 Ju y ’68 5
10
Manhattan
§00 500,000 648,755
do
15
10 July’ 6b
16
Market*
100 200,000 851.173
do
7 July68.6i
8
13*
Meehan’ & Trade’ 25
200,000 260,750
do
,11
10 July’68.7
10
Mechanics (B’kly) 50
150,000
do
150,991
10
10 July'68..
10
Mercantile
100 200,000
215,453
do
5
10 July’68 5
8
Merchants’
50
200,000 269,836
do 20
20
20 Ju)y68.1n
Metropolitan * + .ICO 300,000 808,462
do
15
Montauk (B’klyn) 60
July ’66. K
150,000
179,766
do
10
io 10 July ’68.t
Nassau (B’klyn).. 50
150,000 275,861
do
14
18 July’fbln
15
National
734 200.0(H) 233.405
—
New York & Eldorado
as Texas.
300,000
200,000
F’b.’66.8"
July ’66.*
..
10
1C
6
July’68.K
.
11
10
10
10
10
Aug.'68.p
Aug. 68.2
July *68.2
July ’68.2
Aug.’68.
July ’68 5
July *68.5
& BON DS
Bonded Debt.
5
10
Liberty
.
_
10
Bid. Askd
Hope
New York.
—
KdgeHll
Empi e Gold
-p -
^
50
Columbia G. «fc 8
Combination Silver
Consolidated Gregory... 100
Bam'ltonG.A
25
•
—
Burroughs.
Des
•
•
Companies.
Holman
....
—
American Flag
Bobtail
Bullion Consolidated
—
$200,000
25
186511866 18b7 Last paid
....
34
Pontiac
15 00
....
Gardiner Hill.
Hancock
6^
3%
Pittsburg & Boston...
....
501
2
7
Phoenix
•
•
30
25
5#
1 25
15 00 17 00 Ogima
20
Petherick
40
85 Pewabic
....
25
25
5X
1%
Medora
.15
Canada
Charter Oak.
7 13
50
....
.13*
Adriatic
iEtna
50
American *
50
American Exch’e.100
Arctic
50
Astor
25
Atlantic (Br’klyn) 50
Baltic
25
Beekman
.25
Bowery (N. Y.)
25
Broadway
25
Brooklyn
17
Citizens’
20
Periods.
.
COPPER MINING STOCK LIST.
Companies.
Capital. Netas’te
••
COMPANIES.
65
DIVIDENDS*
.
PETROLEUM STUCK LIST.
Companies.
dan. 1, 1868.
.
80
40
80
85
65
40
54
41
21
62
45
11
9
'38
52
....
80
85
70
110
38
25
82
59
.
8s
Mississippi Cent.
80
82*
75
50
73
...
“
44
62*
7s.
South Side Railroad 6s
Norfo k aad
92
95
75
88
71
25
Atlanta & La Grange stock..
Muscogee bonds
Macon & Augusta endorsed..
Selma and Meridian bonds
Mobile and Ohio 8s
65
65
75
...
42
70
101
85
1(0
128
96
95
too
8)
90
76
30
Pensacola & Georgia bonds..
Montg’ry & West P. bnds 1st
44
78
75
....
Va. A Tenn 1st mort 6s..
44
44
Richmond &
ichmond &
“
Southwestern bonds.
53
63
Charleston Railroad... 60
Memphis 6s, bonds, endors'd
by State Tenn
60
Railroad Bonds and Stocks.
Orange A Alex., 1 m6s, bads 75
44
“
44
Central bonds
14
52*
8s
1st mort. 6s
44
8s
43
40
65
99
80
98
125
93
stock
52
58
44
Nashville 6s, bond’s.
Memphis 6s, end. by Merap
and
Va.
44
65
54
44
Ah
new
80
40
Georgia RR. bonus...:
44
92
55
30
15
70
70
76
75
..
68
&S
50
70
49
38
74
79
75
70
72
60
75
62
8s
Columbia* 8.
7s..
North East Railroad 7s
Cha> leston and Savannah
6s,
endorsed by State S. C
Greenville and C lutnbia, endorsed by State S. Carolina
Columbia and Augusta Rli..
45
40
58
72
70
55
75
58
42
77
82
77
72
76
63
80
35
53
participating, & (t)
Aau
85
80
90
50
25
10
62
65
72
...
61*
42
Nbrtolk 6s
\j fid
..
“
are
write Marine Risks.
Railroad Bonds ana Stocks.
Norfolk and Petersburg 8s
Wiim ngton and Weldon 8s..
Wilmington & Manch. 1st 6s
44
4*
2d....
44
44
8i...
Charlotte & S Carolina 7s
South Carolina Railroad 6s..
44
Mxg'nia reg stock, old
44
Marked thus (*)
08
V.BruntSk&E.Bas
164,000
i867
40,000
8
1867
...
Feb.’’68 Ta“
....
107,700
*’i867“ 5“
1867
12
May ’68
5
........
...»•...
Nov. -67
‘5'
12
"
I
K.E. Mor
35,000
1st Mort.
1,500,000
1st Mort.
80,000
let Mort.
498,810
1st Mort.
800,000
1st Mort.
20,000
1st ^ort.
1st Mort.
1st Mort.
1st Mort.
let Mort.
Real est.
1st Mort.
1st Mort.
1st Mort.
45,000
var.
1884
1888
1870
1872
1884
-
550,000)1874
148,000 1873
672,000
208,600
127,150 1878
184,500
124,000
167,000
700,000 1867
180,000
1st Mort. 1,280,000 1890
,
12,000
December
12, 1868.]
THE CHRONICLE,
PRICES CURRENT.
In addition to the duties noted
heloWy
discriminating duty of 10
a
cent, ad val. is levied
under flags that have
per
all
on
imports
reciprocal
no
reaties with the United States.
£5?” On all goods, waresy and mer¬
chandise, of the growth or produce of
Countries East of the
Cape of Good
Hope, when imported from places this
side of the Cape of
Good Hope, a duty
of 10 per cent, ad val. is levied in ad¬
dition to the duties
imposed on any
articles when
imported
such
directly from the
place
or places of their growth or producion ; Raw Cotton and Raw Silk
excepted.
The ton in all cases to be 2,240 lb.
Anchor*—Duty:
Oi
2* cents $ lb.
2O0fl> and upward$lb
8 ©
Ashes—Duty. 20 $
cent ad val.
Hot, 1st sort... $ 100 lb 7 75 @ 7 87*
Pearl, 1st sort....
nominal.
Beeswax—Duty,20 $
American yellow.
cent ad val.
$1 fi>
41 ©
42
Bones—Duty:
on invoice 10 $
Kio Grande shin $ ton43 00 @
ot.
....
Bread—Duty, 30 $ cent ad val.
Pilot
$ lb
6|
5*
8*©
Navy
©
©
13*
_
Crackers
Breadstuffs—See special report.
Bricks.
Common hard, .per M.ll 00 ©13 50
Crotons
18 00 @‘22 00
Philadelphia Fronts... 45 10 ©50 00
Bristles—Duty, 15
1 $ lb.
Auiei n,gray
&wh. $lb
Butter and
cents.
’
c
40
© 2 50
Cheese.—Duty: 4
Butter—
Fresh pail
........
State firkins, prime .
State firkins,ordinary
50©
45 ©
40©
48©
40©
40 ©
36 ©
State, hi-flrk., prime..
State, hf-firs., ordin’y
Welsh tubs, prime
Welsh tubs, ordinary.
...
Western, good
40 ©
80 ©
38 ©
©
..
*
Factory prime... $ lb
Factory fair
18j©
171©
17*@
14©
...
19
12 ©
5 ©
Dairies prime..
Farm Dairies fair.
Farm Dairies common
Skimmed
m
13,
Candles—Duty,tallow, 2*;
oeti and
48
41
36
34
42
40
40
30
Canada
Grease
Cheese—
53
48
43
50
40
34 @
Western, fair
Penn,, dairy, prime.*
Penn., dairy, good...
Fa
hogs hair
cents:
18*
15
16
12
sperma-
wax
d; *t earine and adaman tine, 5 cents $ lb.
Refined
sperm,city...
Sperm,patent,. ..$
&tearic
Adamantine
•
•
•
•
^
45 ©
58 ©
30 @
21 ©
••••••
48
69
81
24
Cement—Rosendale$bl.., @ 2 00
Chains—Duty, 2* cents $ lb.
Oneinch&upward$fi>
71
7*©
Coal—Duty, bituminous, $ 1 25 $ ton
of 28 bushels 80 lb to the bushel;
other than bituminous,40 cents $ 28
bushels of80 lb $ bushel.
NewcastleGns.2,2401b.30 50 ©
Liverpool GasCann*d.. 15 00 ©
Liverp’l House Cannell8 00 ©19 00
Liverpool Orrel
©
....
...,
....
Anthracite. $
ton of
2,000 lb
11 00 ©11 50
16
30
10
Coffee,—See special report.
and yellow metal, insheets42
long and 14 Inches wide,
weighing-14 © 34 oz. $ square foot,
$ lb.
Pig Chile..
©
83 ©
33 ©
33
20 ©
26 ©
26©
21
4
_
_
#
*
.
,
26 ©
26
,
,
©
,
,
.
,
24*©
24*
Cordage—Duty,tarred,8; unv-rred
Manila, 2* other untarred, 3* cents
$ »
Manila,
Tarred Russia
Bolt Rope, Russia.
*
Brimstone, $6; Roll Brimstone, $10
$ ton; Flor Sulphur,$20 $ ton, and
15 $ cent ad vAl.; Crude
Camphor,
30; Refined Camphor, 40cents $ lb.;
Carb. Ammonia, 20 $ cent ad
val.;
Cardamoms and Cantharides, 50 cents
$ lb; Caster Oil, $1 $ gallon ; Chlo¬
rate Potash, 6
; Caustlo Soda, 1*;
Citric Acid, 10 ;
Copperas,*; Cream
Tartar, 10 ; Cubebs, 10 cents $ lb
Cutch, 10; Chamomile Flowers, 2fi
$ cent ad val.; Epsom Salts. 1 cent
$ BO; Extract Logwood, Flowers
Benzola and Gamboge, 10 $
cent.;
Ginseng, 20; Gum Arabic,20 $ cent
ad val.; Gum Benzoin Gum Kowrie, and Gum Damar, 10 cents per lb;
Gum Myrrh, Gum
Senegal, Gum
Geeda and Gum
Tragacanth, 20 $
cent ad val.; Hyd. Potash and Resub¬
limed Iodine, 75;
Ipecac and Jalap,
50; Lie. Paste, 10; Manna, 25; OH
Anis, Oil Lemon, and Oil Orange,
50 cents; Oil Cassia and Oil
Berga¬
mot, $1 $ BO; Oil Peppermint, 50
fcid, 4 ad val.;$Opium, $250; Oxalic
cent cents Bt>; Phosphorus, 20
$ cent ad val.; Pruss. Potash, Yel¬
low, 5; Red do, 10; Rhubarb, 50 cents
$ BO: Quicksilver, 15 $ cent ad
val.; Sal ASratus, 1* oents $ BO ; Sal
Soda, * cent $ lb; Sarsaparilla and
Senna, 20 $ cent ad val.; Shell Lac,
10; Soda Ash, * ; Sugar Lead,20cents
$ BO; Sulph. Quinine, 45 $ cent ad
val.; Sulph. Morphine, $2 50 $ oz.;
Tartaric Acid, 20; Verdigris,
6 cents
$ Bo; Sal Ammoniac, 20; Blue Vit¬
riol, 25 $ cent ad val.; EtherialPre¬
parations and Extracts,$1 $ lb; all
others quoted below
21*©
22*
17 ©
©
21
60 ©
70
12®
*0
Alcohol, 88 per cent.
Aloes, Cape
$ BO
Aloes, Socotrine
*
2
02J© 2 05
21
85
3j
8*©
70 © 1 50
Annato, good to prime.
Antimony, Reg. of, g’d
:s*©
Argols, Crude
Argols, Refined, gold.
Arsenic, Powdered “
Assafcetida
Balsam Copivi
Balsam Tolu.....
Balsam Peru
Bark Petayo
23 @
©
27
3
40
..
©
©
1 25©
© 8 50
....
....
45 ©
27©
4
Bi Chromate Potash
..
SI
©
©
Bleaching Powder.
Borax, Refined
4 25 ©
36*©
$
(gold) .55 00©
17*
37
Brimstone, Am. Roll
$ Bt>
Brimstone, I lor Sul¬
5
phur
Camphor, Cf ode, (in
bond)
(gold)
Camphor, Refined...I.
Cantharides
Carbonate
in bulk
©
5*©
©
.
5*
..
97i© 1 00
1 65 ©
....
18 ©
18*
Cardamoms, Malabar., 8 25 ©
4 60
©
85
50
.
Carraway Seed
..
15©
331©
4j©
4i
17*©
14 ©
79 @
15
83
Coohineal,Mexlc,n(g,d)
Copperas, American
Tartar, pr.(gold
Cubebs, East India....
10
..
Cream
..
o
©
©
30
30 @
3*©
11*@
Gum Arabic, Sorts...
Gum Benzoin
Gum Kowrie. M ••• *
Gtnn Gedda....».gold
Gum Damar
Gum Myrrh,East India
Gum,Myrrh, Turkey.
Senegal
GumTragacanth,Sorts
Gum Tragacanth, w.
88
85
84
36
51
37 ©
80 ©
82 ©
55©
@
35 ©
Gum
flakey,gold
vm
45 ©
©
Solid
do, French, XX
8 75
8 50
Bergamot
6
OilLemon
87*® 8 50
4 GO
Peppermint, pure.
...
Oil Vitriol
© 4 60
© 4 75
3*@
4
Opium, Turkey.(gold)10 75 ©11 00
OxalloAcid
©
83
Phosphorus
©
85
Prussiate Potash.......
33
37©
Quicksilver
76 ©
77
Rhubarb, China
2 25 © 3 25
Sago, Pea. led
10
8i©
Salaratus
20 ©
SalAm’ntao, Ref (gold)
8*©
9
Sal Soda. Newcastle “ 1 75 © 3 77,
Sarsaparilla,H.g’d inb’d 28© 80
“
Sarsaparilla, Mex.
©
15
,
..
SeneoaRoot
Senna, Alexandria....
Senna, Eastlndia
60©
25 ©
20 ©
44 ©
Shell Lac
Soda Ash (80$c.)(g’ld)2
50
61
5-16©
*•...©
2*
Sugar L’d,W*e...
25
Sulp Quinine, Am$ oz 2 20 © 2 25
Sulphate Morphine “ 10 25 ©10 50
Tart’c
Acid..(g’ld)$lb
48 ©
48*
Verdigris, dryex dry
1'*©
50©
51
;
9*@
11
Tapioca
Vitriol, Blue
Duck—Duty, 30 $
Ravens, Light.. $
Ravens, Heavy
cent ad val.
pee 16 00 ©
18 00 ©
Scotch, G’ck,No.l $y.
Cotton,No. 1
$ y.
....
72
©
58 ©
Dye Woods—Dutyfree.
Cam wood,gold, $ton
Fustic,Cuba “
Fustic, Tampico, gold
Fustic, Jamaica, "
Fustio, Savanilla “ 24 00
©175 00
© 30 00
© 25 00
© 24 00
@ 25 00
23 00 ©
©
©
©
©
28 00 ©
..i.
28 00 ©
....
....
....
Fustio,Maracaibo, “
Logwood, Laguna
Logwood, Cam.
“
“
“
Logwood, Hond
Logwood,Tabasco *•
Logwood,St. Dom. “
Logwood,Jamaica “
Limawood
Bar wood
“
72 50 © 75 00
26 00 ©
70 00 ©
“
Sapanwood,Manila"
Feathers—Duty: 30 $
Prime Western...$ Bt>
Tennessee
centad val.
85 ©
90
_
60 © 1 00
„
39
2?
31
©
ft
18*| t
15 ©
Deer, Arkansas..gold
do
.
Florida ....gold
Gla**—Duty, Cylinder
.
or
Window
Polished Plate not over 10x15
inches,
2* cents $ square foot; larger and
not over 16x24
inches, 4 oents $
square foot; larger and not over 24
x39 inches. 6 cents
$ square foot;
above that, and not
exceeding 24x60
inches, 20 cents * square foot; all
above that, 40 oents y
sqn aie loo
on unpolished
Cylinder, Crown, and
Common Window, not
exceeding lOx
15 inohes
square, 1*; over that, and
not over
16x24, 2; oyer that, and not
over 24x30
,2*; all over that, 8 cent,
$ ®•
American
Window—1st,2d, 8d, and 4th
qualities.
Subject to a dlsoount of 46@50 $ cent
ex 8 to 7x9.. .$ 50 ft 7 75
© 6 00
8x10 tolOxlS
8 25 © 6 60
11x14 to 12x18
9 76 © 7 00
14x16 to 16x24
10 60 © 7 60
18x22 to 18x30
12 25 © 8 00
20x30 to 24x30
15 00 © 9 00
24x31 to 24x36
16 50 ©10 60
25x36 to 80x44
17 50 ©12 50
80x46 to 32x48
20 00 ©13 50
82x50 to 82x56.
22 00 @14 50
Above
25 00 @16 00
French Window—1st, 2d, 3d, and 4th
qualities.
(SiigleThlek) NevJ.la
of Mar. 11 Discount 45©50 $ cent
6x8 to 8x10. $50 feet 8 50 © 6 26
8x11 to 10x15
9 00 © 6 75
11x14 to 12x18.
10 00 © 7 50
13x18 to 16x24
11 00 © 8 00
18x22 to 18x80
18 50 © 9 00
20x80 to 24x80
16 50 ©10 00
24x31 to 24x86.
18 00 ©12 00
25x36 to 26x40
20 00 ©16 00
28x40 to 30x48.(8 qlts).22 00 ©18 00
84x64 to 82x56.(8 qlts).24 00 ©20 00
82x58 to 34x60.(3 qlts).27 00 ©23 0C
English sells
rates.
at 85 $ ct. off abo
Groceries— See special report.
Gunny Bags-Duty, valued at 1
cents or
less, $ square yard, 3; ov*
10,4 cents $ lb
Calcutta, light & h’y % 17 © 17*
Gunny Cloth—Duty, valued at 10
cents or less $ square
yard, 3; over
10,4 oents $ ID.
Calcutta, standard, y’d 19 © 19*
Gunpowder—Duty, valued
at 20
ax*
85 ©
Fish—Duty, Maokerel, $2; Herrings,
$1
; Salmon $3; other pickled, $1 50
$ bbl.: on other Fish,Pickled, Smok¬
50
ed, or Dried,in smaller pkgs.than bar¬
Meal
6 00
rels, 50 cents $ 100 lb.
Deer
5 60©
Dry Cod
$ cwt. 7 00 © 7 60
Sporting, in 1. S> canis¬
Pickled Scale... $ bbl. 5 00
© 5 25
ters $ 9>
86 © 1 06
Pickled Cod....$ bbl. 6 25
© 6 60
Mackerel,No. l,New
shore
20 00 ©21 00
Hair—Duty rax*.
RioGrande,mix’d$fcgo1d38
Mackerel,No.l,Halifax
©
Buenos Ayres,mixed. “ ..
Mackerel, No.l, By new .... ©25 00
Hog,Western, unwssh.cur 7
Mackerel,No.23ayn’w .... ©20 00
Mackerel,No.2,Ha ax
©
Hay—North River, in bales$ 100 B>s
Mac’el,No.3,Mass. l’ge
©11 50
..
for shipping
75 ©
Mackerel, Shore, No. 2 15 0G©17 00
90
Mac, No. 8, Mass,mod.10 25 ©13 50
Hemp—Duty, Russian, $40; ManlU,
Salmon, Pickled, No.1.28 00 @80 00
$25; Jute, $15; Italian, $40; Sunt
@
Salmon,Pickled,$tce
and Sisal, $15 $ ton;
and fampioo,
Herring,Scaled$ box. 35 © 50
1 oent $ fl).
Herring, No. 1
25©
30
Amer.Dressed.$ ton 275
5 00
Herring,pickled$bbl. 6 00 @ 9 00
do
Undressed
....
....
....
....
Flax—Duty: $15 $ ton.
North River
$ lb
16©
80
14
■ve
24
Russia, Clean..(gold) 850 f0(
(uold) 280 00<
Manila..$ fit..(gold)
11*<
Italian
Fruits—See special report.
Sisal
Furs and Skins— Duty,
Jute
Tampico
10$ cent
Beaver,Dark..$ skin 1 06 © 4 50
do
Pale
1 00
© 4 GO
8 00 @20 00
2 00 @ 8 06
Bear, Black
Jo
brown.
Badger
50 @
25 ©
10 ©
Cat, Wild
...
do Cross
do Red
do Grey
do Kitt
Lynx
Marten, Dark
do pale
Mink,dark
do pale
75
75
60
4 00 @10 00
5 00 @60 00
3 00
25
1
5
.
Otter
1
2
1
8
Musquash, Fall
Opossum
Racooon
SkuDk, Black
38
40
Eng
(gold) 8 65 ® 8 70
Iodine, Resublimed... 6 50 ©
00 © 3 75
Ipecacuanha, Brazil...
85 ©
90
Jalap, in bond gold.*.
SO ©
45
Lac Dye
82
27*©
Licorice Paste,Calabria
24 ©
25
Licorice, Paste, Sicily.
Lioorice Paste Spanish
Lioorice Paste, Greek.
Oil
Fox, Silver
17 ©
•
14©
85
*
Fisher,
60
Flowers,Benzoin.$ ox. 80©
Gambier
4i
gold
4 ©
Gamboge
1 75 © 2 00
Ginseng,’West
90 ©
95
Ginseng, Southern...
85 @ 1 09
45 ©
Gum Arabic,Pioked..
75
•
1 70 © 1 75 >
95©
9 ©
9*
Nutgalla Blue Aleppo
Oil Anis
Oil Cassia..
do House
Si©
Extract Logwood
Fenneli Se.-d
Manna, small flake....
.
Ammonia,
Castor Oil
Chamomile Elow’s$lb
Chlorate PotaBh (gold)
“
Caustic Soda
Manna,large flak*....
Mustard Seed, Cal....
Mustard Seed, Trieste.
....
Crude
ton
..
18 ©
25
85
Berries, Persian, gold.
Bi Carb. Soda, New¬
castle, gold
Brimstone.
©
..
75©
Alum
ladder,Dutch
Cotton—8e« ipeolal report.
frei.
Hyd. Potash, Fr. and
Corks—Duty,50 $ oentad val.
1st Regular,qrts $ gro
55 ©
70
do Superfine
1 40 © 1 70
1st Regular, Pints
35© 60
Mineral
Phial
Refined BoraT, 10 cents $ lb ; Crude
Epsom Salts
*»pper
toohes
Sheathing, &c., old..
Sheathing,yellow met* 1
Bolts, yellow metal,..
30;
C&lisaya
Bark, 80$ centadvaL: BICarb. Soda,
1*; Bi Chromate Potasn, 3 cents $ lb;
Bleaching Powder, 80 cents $ 1001b ;
Cutch
Copper—Duty, pig, bar, and ingot,
2*; old copper 2 cents $ lb; manu¬
factured, 35 $ oentad val.;sheathing
Bolts...
Braziers’
Balsam Copaivi, 20; Balsam
Tolu,
Balsam Peru, 50 oents $ lb :
Cochineal, Hon (gold)
..
3 cents
cents $ lb ; Arsenic and
Assafoedati,
20; Antimony, Crude and Regulua.
10; Arrowroot, 80 39 cent ad val.
Coriander Seed.......
Cocoa—Duty, 3 oents $ lb.
Caracas (in bond)(gold)
$ lb
15 ©
Maracaibo do ..(gold)
28 ©
Guayaquil do ...(gold)
9j©
St. Domingo.. ..(gold)
©
Sheathing,new..$ fl>
Drug’s and Dye*—Duty,Alcohol,
2 50 per gallon;
Aloes, 6 cents $ lb:,
Alum, 60 cents $ 100 lb; Argols, ((
773
Skins—Duty: 10 $ cent
Goat,Curacoa$ lb cnr.
do
do
do
do
do
do
Buenos A...cnr.
Vera Cruz.. gold
do
do
do
Central America
Tampico...gold
Matamoras.gold
Payta
.cnr.
Cape
cur.
Deer,San Juan $ Ibgold
Honduras..gold
Sisal
gold
o
Para.......gold
do Vera Cruz .gold
do' Missouri -.gold
do Te*as..~ .gold
@ 5 00
© 1 75
30 @ 1 GO
60 ©
75
00 © 3 00
00 @20 00
00 © 3 00
00 © 8 00
00 © 8 09
00 @ 9 00
10 @
8©
20
10
1 25
CO © 1 25
30 ©
(gold)
Hides—Duty, all kinds, Dry or Salt¬
ed and Skins 10 $ oentad val.
Dry Hides—
Buenos A yres$B>g’d
22 ©
22*
Montevideo
do
311© 22
•
Bio Grande
•
....
Orinoco
California
Sun Juan
Matamoras
VeraCruz
I'&mplco
Bogota
PortoCabello
Maracaibo
Truxillo
Bahia
Rio Hache
Curaroa,
S. Domingo &
Pt. an Piatt.,
Texas
Western
..
.....
do
do
do
do
do
do
22 ©
21 ©
20 @
18 ©
16 @
do
do
do
do
do
do
do
do
do
do
do
Dry Salted Hides—
Chili
.gold
do
Payta....,
Maranham
Pernambuco....
Bahia
Matamoras.....
Maracaibo...-,
Savanilla
do
do
do
do *
do
do
Wet Salted Hides—
...
Bue Ayres.$ 3) g’d.
00
RioGr vude
do
Calife/eia
Para
<*°
New Orleans...cur
....
City il’hter trim.k
cured.
18 ©
«
21*
19
18
,
24
24 ©
23 ©
24 ©
Sierra Leone., cash
Gambia & 3lssau. *
<r
Zanib ir
Kait India Stock-
29
20
19
„
IS @
•
Calcutta,city sl’hter
¥ P* gol i
Calcutta, dead green
do
buffalo, ¥ ft
Manilla & Batavia,
buffalo
¥ ft
16
um
13 ©
134
131
do
do
do
do
do
do
••
Honey—Duty,20 cent ¥ gallon,
Cuba (duty paid! (gc .d
824
¥ gall. 81 ©
5 coni* ¥ ft*
Hops—-*ur.y:
23
14 ©
Crop of 1868
¥ ft
>
do of 1867
Bavarian....
©
15 ©
....
...
..
ad val.
80 @
©
48
47 @
East India
@
Carthagena, &c
@
IndlgTO—Duty ruEK.
Bengal
(*old) $ft 1 69 © 2 23
Oude
(gold)
©
Madras
(gold)
98 @ 1 05
Manila
(gold)
70 © 1 024
Guatemala
(gold) 1 35 @ 1 55
Oaffaooas
(gold) .... @ ...
..
Iron—Duty,Bars, 1 to 14 cents ¥ lb.
Railroad, 70 cents $ 100 lb ; Boiler
and Plate, 14 cents ¥ ft; Sheet, Band,
Hoop, and Scroll, 1* to 1* cents $ ft;
Pig, $9 ¥ ton; Polished Sheet, 3
cents ¥ lb.
Pig,Sootch,No 1.
$ ton 41 0)@44 00
Pig, American, No. 1.. 41 00@43 00
Pig, American, No. 2 . 37 0 @39 30
.Bar, Refl’d Eng&Amer 9J 00@95 00
Bar, Swedes, assorted
sizes (in gold)
32 00© 87 00
<—StobePbioks—,
Bar Swedes,ordinary
sizes
@155 00
Bar,English and Amer-
*
100
loan, Refined
do
do Common 90
Scroll
180
Ovals and Half Round 125
Band
130
Horse Shoe
130
to
00@
....
00@
0 @175 00
00@155 00
...
00@
00©
..
64©
7
Rails, Eng. (g’d) ¥ ton 51 i 0@ 52 00
70 00© 81 00
American
irory—Duty, 10 $ cent ad val.
East India, Prime $tb 3 00©
East Ind Billiard Ball 8 0 ©
African, Prime..2 50@
African, Seri vel.,W.C. 1 25©
1
,
3 15
3 25
2 87
2 25
Lead—Duty, Pig, $2 ^ 100 lb; Old
Lead, 14 cents $ ft; Pipe and Sheet,
24cents ¥ lb.
Galena
$ 100 lb
@ ....
(eold) 6 40 @ 6 45
Spanlsn
(gold) 6 374© 6 45
German
English
(gold) 6 50 @ 6 874
Bar
net
.. @10 50
.. @12 00
Pipe and Sheet.. ..net
—
eathcr—Duty; sole 35, upper 30
^ oent ad val.
•cash.¥ lb.—,
ft
88 @
45
Oak,srhter,
middle
do
ao
88 @
84 @
light.,
dicrop,heavy
do
do
do
do
do
do
do
40
middle
light..
slaughter.
Hemi’k, B. A.,«fcc.,h’y
Oak, rough
>ug&
.
do
do
do
middle'.
do
do
light.
Califor.,heavy
do
do middle.
do
light.
do
do
Orino.,heavy.
do
do
do
»
do
do
middle
light.
rough
GO
good damaged
do
poor
do
@
42 @
42 @
38 @
274©
284©
28i@
44
42
42
45
44
44
29
294
294
27 ©
28 ©
23
23
25
28
28
85
25
20
29
27
29
29
39
@
©
©
@
©
©
©
29
264
22
Lime—Duty: 10 ¥ centad val.
Rockland,00m. ¥ bbl.
do
heavy
..
..
© 1 60
© 2 00
Lumber, &<*.— Duty; Lumber,20
$ oent ad val.; Staves, 10 ¥ oent ad
val.; Rosewood and Cedar, frie.
'
Plrd’s-eye maple,logs,$ ft.
6@
7
¥ M. ft.70 00@75 00
Black walnut
Black walnut, logs¥ sup it
8@
9
Black walnut, trotches....
15@ 20
do
figur’d & Mis’d 22@ l 25
Yeliow pine timber, Geo
m M.ft
33 00@38 00
White oak, logs ¥ cub. ft.
45@
60
do
"plank, $ M. ft.50 00@55 00
p ar
-fc W wood b’ds &
31©
35©
18©
Plumbago
China clay, ¥ ton
0C
22
Chalk, block....¥ ton23
Bary tes, American ¥ ft
32
50
20
ID
grav.,
Residuum
30 @
40
10 @
Jf> @
logs.
Nuevitas
Mansanilla
.Mexican
Honduras
do
do
do
do
14
8
@
II @
..
14 @
12 @
(American wood)..
Cedar, Nuevitas
do
do
do
Mansanilla
Mexican
Florida. ¥ c.
12 @
8
@
25 ©
5 ©
4 ©
ft.
Rosewood,R. Jan. ¥ ft
Bahia
oo
14
10
15
20
13
13
10
75
shoe,rd(6d)¥ lb
27 @
40 @
Copper...
80
' 3 25 @ 3 38
••■•45 00@55 00
West, thin
@
.
11
....
@60 00
obl’g, do 58 03 l$58 50
Duty: linseed, flaxseed, and
rape seed, 28 cents; olive and salad
oil, in bottles or flasks, $i: burning
fluid, 50 cents ¥ gallon; palm, seal,
and cocoa nut, 10 $ cent ad val.;
sperm and whale or other fish (for¬
eign fisheries,) 20 ¥ cent ad val.
Olive, Mar’fr, qs (gold)
per case
3 65 @
do in casks.$ gall.. 2 35 @ 2 40
Palm
¥ ft
12 @
1 ii
Oils
-
....
Linseed,
city... ¥ gall.
95 @
Whale, crude
97
85 @ 1 15
bleached winter 1 15 @ 1 2)
do
Sperm,crude
do
@ 1 80.
wint. unbleach. 2 10 @ 2 15
Lard oil, prime
1 35 @ 1 40
Eedoil,city dist. Elain
95 @ 1 00
do saponified, west’ll
90 @
95
Bank
90 @
95
95 @ 1 00
Straits
Paraffine, 28 & 80 gr.
Lubricating
25 @
.....
25©
Kerosene ......(free).
Paints—Duty:
on
£0
26
white lead, red
lead, and litharge, dry or ground in
oil, 3 cents ¥ lb; Parif white and
whiting, 1 cent $ ft; dryoohres,56
cev.tt $ 100 ft: oxidesofzlnc-, If cents
ochre, ground in oil,| 50^100
ft; Spanishbrowh 25 ¥ centad val:
*8 ft ;
China clay, $5 ¥ ton; Venetian red
cent ad val.;
and vermilion 25
white chalk, $10 $ ton.
11
©
Litharge, City
11
©
Lead,red,City....
do white, American,
13
©
pure,in oil...
do white,American,
114©
m
pure, dry
Zinc,whit c, American,
8
74©
dry,V \ 1 ....
do white,American,
*
8 ©
11
No. l,inoi
12
114©
do White,Frenc.*
do white, French,* i
17
11 ©
oil....... ....
..
..
*
I
Ochre, yellow,French,
dry
do
ground, in oil..
Spanish brown, dry ¥
100 ft
do
gr*dinoil.¥ ft
Paris wh., No. 1
Chrome, yellow, dry..
2
8
©
lon and 25
Madeira
00 @ 6 50
Calo’o,Bost’n,g’d
do
Telegraph, No. 7 t<? il
Plain
¥ ft
Brass (less 20 per cent )
Copper
do
.
fore
do
do
24
10
1 00 © 1 25
8 ©
9
3
2|©
15 ©
15 @ 35
Whiting, Amer ¥1001b 2 90 @ 2 12}
VormUign,China, ¥ ft 1 09 @ 1 10
....
10 50 ©U 75
10 00 @10 50
8 25 @ 9 00
Good
Medium
Spelter—Duty: In pigs, bars, and
plates, $1 50 ¥ 100 fts.
Plates, for.¥100 ft gold 6 75 @ ....
do
domestio ¥ ft
11
10 ©
proof, $2 50 ¥ gallon.
Brandy, Otard, Dupuy
& Co..(gold) ¥ gal. 5 50 @13 00
Brandy, Pinet, Castillon & Co(gold)
do Hem>es8y(gold)
do Marett & Co(g’d)
do Leger Freres do
5 50 @17 00
5 50 @18
5 50 @10
5 50 @10
do oth for. b’ds(g’d) 5 00 ©10
Rum, Jam., 4thp.(g’d) 4 50 @ 4
St.
do
3d
Croix,
00
00
U0
00
75
proof... (gold) 3 60 @ 3 75
Gin, diff. brands.(gold) 3 00 @ 4 £5
Domestic Liquors—Cash.
Brandy,gin&p.spi’t8in b....@
Rum, pure,
@
Whiskey
1 05@ 1 OS
Steel—Duty: bars and ingots, valued
at 7 cents ¥ ft or under, 2* cents;
over
7 ceuto and not above
11, 3 cts
¥ ft; over 11 cents, 3* cents ¥ ft
¥ cent ad val. (Store prices.)
and 10
•
•
English, spring
English blister
English machinery....
English German
American blister.
American cast
American spring
American
Tool
do
machYy do
American Germ&B.do
or
¥ ft and 11 ¥ cent, ad val.:
over 32 cents ¥ ft, 12 cents ¥ ft aila
10 ¥ cent, ad val ; when imported
washed, double these rates Class
2.— Combing Wools-The value where¬
of at the last place whence exported
to the United States is 32 cents or
less ¥ ft, 16 cents ¥ ft a« d 11 ¥
cent ad val.: over 32 cents ¥ ft, 12
¥ ft and 16 ¥ cent, ad val.
.—Carpet Wools and other
similar Wools—The value whereof at
the last place whence exported to the
United States is 12 cents or less ¥
ft, 3 cents ¥ ft 5 over
ceut8 ¥ ft,
cents
Class 3
6 cents
Wool of all classes
¥ ft*
imported scoured, three times
duty as if imported unwashed.
Am., Sax’y fleece.¥ ft
60 @
do full blood Merino
55 @
do X & % Merino..
48 @
do Native & X Mer.
@
do Combing
55 @
Extra, pulled
45 @
18 @
10 @
11|@
l&i@
14 @
10|@
@
30 @
.. @
10 @
23'
12*
20
16
16
16
19
13
13.
13
58
50
50
60
50
48
40
37
30
28 @
20 @
32
33 @
3G @
do
34©
South Am.Merino do
do
Mestizado
do
do
65
28 @
pulled...
Califor, flne,unwash’d
do
medium do
do
common, do
Valpraiso,
the
45 @
35 @
34 @
Superfine pulled
No 1,
Creole do
Cordova,
86
33
37
washed
33 ©
86
G.Hope,unwash’d
India, cashed....
Mexican, unwashed...
Texas, Fine
Texas, Medium
40 @
28 @
26 @
35 @
33 @
42
Texas, Coarse
27
87
36
32
East
Spirits -Duty: Brandy, for first prool
$3 ¥ gallon; Gin, rum and whiskey,
lor first
Class 1 —Clothing
whereof at the last
cents
Cape
Spices.—See special report.
114
is 32 exported less ¥ ft* 10
Slace whence cents to the United
-
Canton,re-reel.Nol@2 7 25 © 8 00
Japan, superior
practiced.”
Wools—The value
tates
Silk—Duty: free. All thrown silk,
35 ¥ cent.
Tsatlees, No.l@3.¥ft 9 25 ©10 50
Taysaams, superior,
No. I
9 00 @ 9 25
do medium,No. 2.. 8 00 © 8 25
10J@
43 @
«53 @
Wool—Duty: Imported fn the “ or¬
dinary condition as now and hereto
174© 2 20
Canton. Extra Fine... 8 25 @
20@25 ¥ ct. off list.
30 ¥ ct. off list
35 ¥ ct. off list
Iron No. 0 to 18
No. 19 to 26...*
No.27 to 36....
5
Shot—Duty: 2f cents ¥ ft*
Drop
¥ ft
12 @
Buck
13 @
85
80 @ 1 60
70 @
val.
© 2 074
....
New Yk,g’d 2
1 0« @ 1 25
90 @ 1 00
00 @ 1 25
10 @ 1 25
00 @60 00
65 @ 9 CO
Wire—Duty: No. 0 to 18, uncovered
$2 to $3 5i ¥ 100 ft, and 15 ¥ cent ad
12*
....¥ft
124©
Timothy,reaped ¥ bus
© 3 >0
•Canary...
¥ bus 5 25 @ 6 03
2 30 @ 2 40
Hemp
Lins’d Ain.roueh¥bus 2 40 @ 2 45
do
do
75 @ 1 25
2 25 @ 3 50
1
1
Claret....gold.¥ cask35
Claret
gold.¥ doz 2
74©
4j@
2 00 @ 8 50
.
Burgundy port..(gold)
Lisbon
(gold)
Sicily Madeira..(gold)
Red, Span. & Sicily(g)
Marseilles Mad’ra(g’d);
Marseilles Port.(gol-i)
Malaga dry
(gold)
Malaga, sweet.. .(gold)
@
gold
1 25 @ 9 00
Sherry,..,
Liverpool,gr’nd¥ sack 1 85 @ 1 93
do fine, Ashton’s(g’d) 2 50 @
do fine, 'Vorthingt’s 2 80 @ 2 85
Saltpetre—Duty: crude, 2} cents;
refined and partially refined, 3 cents;
nitrate soda, 1 cent ¥ ft*
Refined, pure
16 © 15j
¥ ft
¥ cent ad val.
¥ ga^« 3 50 @ 7 00
-
Port
Salt-^Duty: sack, 24 cents ¥ 160 ft;
bulk, 18 cents ¥ 130 ft.
Turks Islands ¥ bush.
49 @ 50
English, oast, ¥ ft
©
Wines—Duty: Value not over 50 cts
¥ gallon, 20 cents ¥ gallon, and 25 ¥
cent, ad val.; over 50 and not over
100, 50 cents ¥ gallon and 25 ¥ cent,
ad val. ; over $1 ¥ gallon, $1 ¥ gal¬
ad val.
Clover
50 @ 8 CO
-
Tobacco.—See special report.
Seeds—Duty; linseed, 16 cts; hemp,
i oent ¥ ft ; canary, $1 ¥ bushel of
60 ft; and grass seeds, 30 ¥ ceDt
30 © 2 75
0 J @ 4 60
50 @ 6 00
OH Cake—Duty: 20 $ centad val.
City thin obl’g,in bbls.
$ ton.
do
In bags
¥ ft*?
2 cents
8 25 @ 9 00
Rangoon Dressed, gold
6
duty paid
Crude
Nitrate soda
2 874© 3 00
SpiHtsturpentine ¥g
45 @
Rosin, com’n. $ 280 ft 2 20 @ 2 25
8@
(ijarol'ina ....*.¥ 100 ft
Cadiz
Stores—Duty: spirits of
turpentine 3<Jcents ¥ gallon; crude
Turpentine, rosin, pitch, and tar, 20
$ cent ad val.
Turpent’e, soft.$2801b 3 75 @ ....
Tar, N. County $ bbl. 2 75 @ ....
Oakum-Duty fr.,¥ lb
bbl. 3 S7^@ 4 0)
Rice—Duty: cleaned 2f cents
paddy 1^ cents, and uncleaned
Naval
do strainedandNo.2.. 2
do
No. 1
3
do
Pale
4
do
extra pale
6
13
@
<r>
26 @
18 @
Yellow metal
Zinc
m
33i
ad val.
•
© 29
25J© 26
254© 25*
English
(gold)
Plates,char. I.C.¥ box! 1 25 @11 75
do
I. C. Coke
9 50 @M 50
do
Terne CharcoallO 75 @11 25
do
Terne Coke.... 8 50 @ 8 75
*
Nails—Duty: cut 11; wrought 21;
horse shoe 2 cents $ ft.
Cut, 4d.@60d. ¥ 100 ft ....@ 6 50
Clinch
@ 7 00
Tar, Wilmington
Pitch City..
©
Provisions—Duty :beof and pork,
1 ct; lams,bacon,andlard,2 els ¥ft
Pork, new mess,¥ bbl '5 50 @26 00
Pork, old mess
25 00 @25 75
Pork, prime mess
2’. 00 @25 00
do prime,
19 GO @21 00
Beef, plain mess
13 30 @16 50
do extra mess........ 16 < 0 @20 00
do hams, new
30 O'O @32 03
Hams,
¥ ft
I* © 14
Shoulders....
10 @
llj
Lard
16f
15i@
Molasses.—See special report.
Horse
terne plates, 25 per cent,
Banca
¥ ft (g°1(1)
Straits
(gold)
18
£3 @
Naptha, refined. 68-73
7 @
do
Port-au-Platt,
crotches
do
Port-au-Platt,
Tin--Duty: pig,bars,andblock,15¥
cent ad val.
Plate and sheets and
23 J
..@
in bulk
refined in bond,piime
L. S. to W. (110@
115 test)
do Standard white
5«!
St. Domingo,
ordinary logs
....
•©
Crude,40@47grav.¥gai
Ro^c*
$
14
@
124
Teas.—See special report.
Petroleum—Duty rcrude,20 cents;
relined, 40 jents ¥ gallon.
wotii—Duty I roe.
VLahozanv S t. Domln25
Tallow—Duty :l cent ¥ ft*
American,prime, coun¬
12©
try and city ¥ ft • ••
00 @24 00
1|@
Barytes., Foreign...'
25
28
do
Ccdur,
Sugar.—See special report.
-i
©
...
¥ ton.. 50 00 @195 00
Sicily
6
@
30 00 @32 00
50
Mfc.19
18 ft..
¥ lb.
Chalk..
•
•
...
Cal
do
do
Carmine,citymade$ftl6U0 @20 00
00
....
Rods,5-8@3-16inch.. 105 00@165 00
Hoop
135 00@190 00
Nail Rod
¥ ft
9f@
104
11*@
12*
8heet, Russia
Sheet, Single, Double
and Treble
per
23©
00
00
.
do
Iadia Rubber—Duty, 10 $ cont.
¥ ft
...do 2 in.
strips, 2x4
r:.
florns—Duty, 10 $ cent.ad val.
Ox, Rio Grande... ¥ C 7 09© 8 O'i
© 6 00
Ox, American
.
Para, Pine
Para, Medium
Para, Ooarse
bds,
plkl^in.
1?I iuo?auF,
12
2 1
5
..
...
...M
2m
do
do
do
do
do
do
4x6,
bds,
...
Spruce
©
..
piece ....©
r
154©
00
•
Sumac—Duty: 10 ¥ cent ad val.
1 01 @ 1 62
1 32 @ 1 20
Amer.com..
27
22 @
Venet.red(N.C.)#cwt2 624© 3 03
Vermillion, Trieste
00
and plank..70 00@80
Oak and ash
45 00@50
Maple and birch
30 OU@45
White pine b x boards.. .23 00@27
White pine merchantable
bx boards
27 (WO
Clear pine
. .. .60 00@70
Cherry boards
Upper Leather Stock—
B. A.. & EIo Qr. Kip
¥ It gold
do
[December 12, 1868
THE CHRONICLE
774
40
28
¥
Ziuc—Duty: pig or block, $.
100 fts.; sheets 2* cents ¥ ft*
Sheet
¥ ft
l-4@ I3
irelehtsTo Livebpool
Cottoi
Flour
Heavy
(8team):s. d.
¥ ft
|@*
¥ bbl
@4 0
'>ods...¥ton 4C 0 @50 C
@50 0
Oil
bus.
Wheat, bulk and bags
64@
Corn, b'k&bags¥
Beef
Pork
@ 7 0
..@50
'..¥ tee.
¥ bbl.
To London
(sail)
-
6*@
0 @30 0
@30 0
2 9 @ ...
© 6
*•
Heavy goods. .•¥ ton 25
Oil....?
¥ bbl.
Flour
Petroleum
Beef
Pork
Wheat
Cor*
_..¥toe.
¥ H>1.
¥
ToHaveb:
Cotton..,.
..©53
..©36
7* © ••
? © ••
$ c■ t ..
A
*
¥ ft
Beef and pork.. ¥ bbl.
Measusem. g’ds.¥ ton
Lard, tallow, cut m t
etc
¥ ft
••
I©
©
i0 00 ©
—
.*
i©
A8’aes,pot&p’i,¥ton 8 00 © 9 00
P-’xoleum.
0 00 ©
....
December 12,
THE CHRONICLE.
1868.]
Insurance.
Commercial Cards.
Iron and Railroad Materials.
OFFICE OF THE
Cutlery. CUTLERY,
ESTABLISHED 1856*
Atlantic
FINE IVORY HANDLE
S. W.
CARVERS, TABLE and DESSERT
KNIVES I'LATED
TEA and
Together with
a
FORKS and
Mutual
TABLESPOONS,
general line of cutlery of all kinds
at
GOLD STS
Insurance
Co.,
NEW YORK, JANUARY 26th, 1868,
LITT> *9*
NO. 59 FULTON ST., BET WEEN CLIFF &
East of Bro tdway.
69 & 71
Premiums
1st
on
2,888,109 71
aqf&unt of Marine Premiums.. $10,160,116 46
No Polices have been issued upon
Lift
Fire Risks discon¬
Risks;
ary,
same
Eridcy, BmiflmiTt
■"• : >
1
Expenses
The
XTENSION
TABLES
Of Every Style and Quality, at
Ureutly Reduced Prices.
I1EERDT, manufacturer,'
150
AND
•
OVSTON
STREET8,
NEW YORK.
Pollak
$1,306,966 08
Company has the following A$>
sets, viz.:
-
Stock, City, Bank and other Stocks, $6,864,486 00
Loans secured by Stocks, and
wise
;
other¬
2,176,460 00
Real Estate and Bonds and
&
Son
Mortgages,
Interest and sundry notes and claims
due the Company, estimated at...**
8,232,463 97
873,874 02
Cash in Bank
262,414 8i
.....
Total Amount of Assets
$13,108,177 11
Manufacturers of
Z?,
HEUUSCHAUH GOODS.
S 485 BROADWAY, near Broome Street.
STORES
| 27 J0HN STREET, Middle of the Block.
All Goods Warranted Genuine.
Pipes cut to order, Repaired and Mounted, Amber
Work and Boiling Done.
cT-m?T?a
Genuine Oroide Watches
r
o
$20
These watches have a world¬
wide reputation, are in hunt¬
ing C'tses (gentlemen’s !and
ladies’ sizes), guaranteed ex¬
act time-keepers, and sold at
the low price of $12 each, and
are equal in appearance and
wear to gold cases.
Also, a
$12
ing certificates of profits will be pal i
to the holders thereof, or their legal representatives
on and after Tuesday the Fourth of
large variety of
beautifully-
Fifty per cent, of the outstanding certifi¬
ed and paid to the holders thereof or their
on
the amount
so
$15 and $20 each. Also,
hunting-case silver watches,
redeemable will ceases
The certificates to be produced at the time of pay¬
ment, and cancelled to the extent paid.
es,
of
A dividend
American and Swiss move¬
ments. Fifty styles of Oroide
declared
chains, from $2 to $8. Gents’
Thirty Per Cent, la
of the
pins, sleeve-buttons, collarstuds, &c, ladles’ sets in great
variety, from $3 to $8.
g3f~ Good, active agents
wanted. Send two red stamps
for circular.
All goods can
be paid far on delivery. Cus
tomers allowed to examine
bclore paying. To any one
six watches at one time we will send anjex-
Address
GERARD <fc
on
the net earned premiums
Company, for the year ending 81st
December# 1867. for which certificates will be
issued on and after Tuesday the Seventh of April
J. M.
CHAPMAN)
Secretary
85 NASSAU STREET, NEW YORK CITY.
Mail
STEAMSHIP
COMPANY’S
THROUGH LINE
California,
Touching at Mexican Ports
AND
CARRYING THE UNITED STATES MAILS FOUR
TIMES A MONTH.
1st, 9th, 16th and 24th of Each
Month.
Leave PIER 42 NORTH RIVER, foot of Canal street
with one of the Company’s Steamships from Panama
for SAN FRANCISCO, touching at AC API LCO.
Departures of 1st and 16th connect at Panama with
steamers for SOUTH PACIFIC and CENTRAL AMER¬
ICAN PORTS. Those of the 1st touch at MANZA¬
NILLO.
One hundred pounds baggage
accompany
allowed each adult.
Jones,
Charles Dennis,
W. H. H. Moore,
Wm.
Henry Colt,
Wm. C. PickersgW,
Lewis Curtis,
Dennis
Joseph Gaillard, Jtr
Charles H. Russell,
Cornelius
Lowell Holbrook,
R. Warren Weston,
Royal Phelps,
Caleb Barstow
A. P. Pillot
William E.
Dodge
Robt 0. Fergus son,
David Lane,
James
Canal street, North River, New York.
F. R# BABY, Agent#
Sturgis,
Henry K. Bogert,
Joshua J.
Hopkins & Co.,
To Railroad
Francis Bklddy,
Daniel a Miller.
Robert L. Taylor,
Railroad Iron.
:
'
t
We are always in a position to fhrnlsh all sizes, pat.
terns and weight of rail for both steam and horse
roads, and in any quantities desired either for IMME¬
DIATE OR REMOTE aellvery, at anv port In the
United States or Canada and always at the very lowest
current market prices.
We are also prepared to sup¬
ply
Bessemer Steel
Rails,
of American and Foreign marufacture, rolled to any
desired pattern and weight for linlal yard and of
approved lengths. Contracts for both IKON AND
STEEL RAILS will be made payable in United States
currency for America, and in either currency or gold
(at the option of the buyer) for Foreign; when desir¬
we will contract to supply
roads with their
monthly or yearly requirements of STEEL OR IRON
RAILS, taking their
OLD RAILS IN TRADE FOR NEW
ed.
famished, receiving the difference In cash, and allow¬
ing the highest market price for their Ola Rails, and,
If necessary, receiving the latter after the delivery of
the New
Rails.
Orders for Foreign Rails, both Steel and Iron, will
be taken for transmission by Mall or through the cable
to our
HOUSE,
68 OLD BROAD STREET,
for execution at a fixed price In Sterling or on com¬
mission at the current market price abroad when the
order is received in London; shipments to be made
at stated periods to ports in America and at the low¬
est
possible rates of freights. Address
S. W.
Hopkins & Co.,
69 Sc 71 Broadway# New York.
NEW STYLES IN
„
J. Henry Bnrgy,
GrinneU,
O. A. Hand,
B.J. Howland,
BenJ. Babcock,
Fletcher Westiaj,
Robt B. Minton, Jrn
Gordon W, BurnhamFrederick Chauncey,
FIXTURES,
GAS
SUPERIOR FINISH and ELEG \.NT
DESIGNS,
Also, Now Opening,
FRENCH
CHINA
DINNER
Paris Fancy
CARD
RECEIVERS,
SETS,
Goods,
STATUARY, ETC.
VASES,
CLOCKS,
Injgreat variety, and warranted perfect time-keepers.
James Low
William H. Webb.
Paul Spofford.
Charles P. Budett,
McLewee,Putnam & Co.
561 BROADWAY.
Safes For Sale
Shephard Gandy.
JOHN D. JONES, President,
CHARLES DENNIS, Vico-Pramr**.
W. H. H. MOORE, 2d
It 9t
Companies.
We beg to call the attention of Managers of Rail¬
ways and Contractors throughout the United States
and Canada to our superior faculties for executing
orders at manufacturers prices, for all descriptions or
both AMERICAN and FOREIGN
Henry,
Perkins,
Georges. Stephenson
Bryce,
baegage through, and
attend to ladiej and children without male protec¬
tors. Baggage received on the dock the day before
sailing, from steamboats, railroads, and passengers
who prefer to send them down early. An experienced
surgeon on board. Medicine and attendance free.
For passage tickets or iurther information apply at
the Company’s ticket office, on the wharf, foot of
trustees:
John D.
mail or through
69 A: 71 Broadway, New York.
LONDON
By order of the Board,
CO., Sole Agents,
Steamship Companies.
S. W.
next.
tra watch free.
consumption at
yearly transactions In Old Rails being very muoh
greater than all other houses combined. Address
legal
representatives, on and. after Tuesday the
Fourth of February next, from which date
interest
Rails.
always In a position to frnWsh to
consumers any quantity desired ior immediate oe
remote delivery at all points in the United States
and Canada, and when required will contract to supply
cates of the Issue of 1865 will be redeem¬
chased and enameled watch-
Baggage-masters
stantly receiving from both .American and Foreign
Railroad Companies heavy shipments of
Six per cent Interest on tlie outstand¬
February next.
THE ONLY
On the
We beg to announce to the proprietors and managers of Rolling Mills and iron Manufacturers through¬
out the United States and Canada, that we are con¬
210,000 00
Premium Notes and Bills Receivable..
WOOSTEK STREET,
3ETWEEN PRINCE
To
To Iron Manufacturers.
LONDON
HOFPE,
580LD BROAD STREET, ■
Orders for old rails off oi Foreign Railroads for
shipments at stated periods to any.ports In America
at a fixed price In sterling or for execution on com¬
mission at the current market prices abroad when
In this department
the order is received In London.
of our business our facilities are unsurpassed and our
experience-unequalled by any house in America. Onr
United States and State of New York
(EXCLUSIVELY),
PACIFIC
HOUSE, 58 OLD BROAD ST*
mills with their monthly or yearly
the lowest current market prices.'"*
We are also prepared to transmit by
the cable to our -
paid during the
period..*........ $4,224,864 61
Returns of Premiums and
JAS.
LONDON
Old
1867 to31stDecember, 1867..... $7,607,128 16
Losses
ordering
Railroad Iron,
We are, therefore,
Premiums marked off from 1st Janu¬
flPQQXi £QTTiur
WM,
In connection with the purchase and sale of
nor upon
nected with Marine Risks.
EBESTSIXCOBD
«
Railroad, Town, County, City and
STATE BONDS,
Policies not marked oft
January. 1807.......
Total
Broadway, Now York,
Negotiations of every description of
The
Trustees, in Conformity to the Charter of the
Company, submit the following Statement of its
affairs on the 31st December, 1867:
Premiums received on Marine Risks,
from 1st January, 1867, to 81st De¬
cember, 1867
$7,822,016 76
Hopkins & Co.,
V^e-Pres.^
RRWfiVIi 94 YUtfMft'
PRICE.
trade two Fire and
Buiglar Proof Safes will sell them for Cas h much be
AT
A
VERY
LOW
The advertiser having taken in
low cost. The Safes are perfectly new, never having
been removed from the store of the manutactnrsr
and are oi the best make and patent. Address
^
SAFE,99 P*0. Box 5,650#
V. 6
THE CHRONICLE.
Dry Goods.
Brand &
Iron and Railroad Materials.
Gihon,
NEW
YORK,
BOSTON,
99 John street.
110 DUANS STREET.
MEDITERRANEAN GOODS.
J. SCHNITZER,
PHILA.,
80 State street.
33 CEVTRAL
208 So. 4th stree
WHARF, BOSTON.
Offer for sale
IRISH Sc SCOTCH LINEN
GOODS,
CAST STEEL
RAILS,
In fall assortment for the
CAST STEEL
Jobbing: and Clothins Trade.
Cast Steel
Agents for the sale of
WILLIAM GIHON & SONS’
Frogs, and all other
Railway Use.
TYRES,
Liquorice Sticks* and Paste.
Wools of evtry descriptions.
Gams
Steel Material for
BURLAPS, BAGGING,
NAYLOR,
who
give special attention
FLAX SAIL DUCK.&C
Townsend & Yale,
as
STREET.
BENZ ON
34 Old Broad
well
F.
&
“
Figs, Baislns, Boxwood,
CO.,
Otto
Street,
Railroad Iron,
Old
as
Ralls, Scrap Iron and Metals.
W.
Evans
Holiday
&
158 PEARL
Lawrence ManPg Co.
Being about to
remove
prepared to close
STREET,
All
Glaatenbary Knitting; Co.
Pennsylvania Knitting; Co.
Winthrop Knitting; Co.
Cayndntta Glove Works.
Tape
In
the
approved Brands of No.
Scotch Pig Iron,
IN YARD, ON DOCK, AND TO
ARRIVE.
lots to suit purchasers.
Apply to
British
AND
BALDWIN
DressGoods,
VELVETS,
VELVETEENS,
Ginghams, Ac.,
Umbrella Alpacas and
NO.
817
CHURCH
Between Walker and
STREET*
Smith, Hoffman & Co,
IN
GENERAL
MERCHANDISE
2 7 PARK
CORNER CHURCH
Liberal Cash
Cotton, Flour, Grain and Provisions.
NO. 27 MAIN 8 I ., CINCINNATI* O.
15 GOLD
GOODS!
REMOVED FROM 56 MAIDEN LANE
TO
597
BROADWAY,
Offer their Large Stock of new importations at
IRONS,
Nursery, &c.,
COAL VASES, Great Variety,
COAL SCUTTLES and SIFTERS,
FIRE SCREENS, FLOWER STANDS,
HEARTH BRUSHES, and DOOR
MATS,
SILVER PLATED and BRITANNIA
WIRE,
BRIGHT TIN WARE, JAPANNED WARE,
TEA TRAYS, BIRD CAGES.
UTENSILS, &c.
London Books.
The attention of the book
extensive stock of
OLD AND NEW
BOOKS,
aomprlsing
Standard, Rare and
Va’Juable
■0 the various departments of literature.
New Invoices are frequently received from
London
rlced catalogues of which are issued from
time to
Vims, and will be sent free of charge to any address.
A. DENHAM Sc
CO.,
POSTERS OF ENGLISH AND FOREIGN
BOOKS.
No* 49 Barclay
St., New York,
^*010111280 Capital
Capital
Pa»-bp
And to which I
trade.
Capital aju> Surplus
Sc SONS.
bSk-vriited in the Insurance Department at Albany
(Jetted States Bbanoh, No. 117 Broadway, N. T.
GEORGE ADLAKD, Manager.
William H. Robs, Secretary.
THE
North British
AND
GEER, Proprietor.
referring to the above
Street. Boston.
UNITED STATES
50 WILLIAM
Annual
Income
BROKER
SOLON HUMPHREYS, Esq
AYMAR CARTER, Esq
DAVID DOWS, Esb
EGI8TO P. FAHBRI, Esq
SIMEON B. CHITTENDEN,
Morgan A C®
of £. D. Morgan A Co
i
ofAymar&Co
’..of David Dows A Co
of Fabbrl A Chauncey
Esq.,
CHAS. E.
C®
T? c^aYlynV'} Associate Managers,.
WHITE, Assistant Manager.
LORD, DAY & LORD, Solicitors.
H
Slip, New York,
ARTFORD
FIRE
INSURANCE COMPANY
OF HARTFORD, CONN.
Capital and Surplus *2,000,000.
Guo. M. Coit, Sec’y.
PHOENIX
SALJERATUS,
AND SAL SODA.
FIRE
Gbo. L.
Chase, Pres’t
INSURANCE
CO*.
OF HARTFORD, CONN.
Capital and surplus $1,200-000*
SUP CARB. SODA,
W. B. Clark,
Sec’y.
H.
Kellogg, Pres
’
t
-
HORS FORD’S CREAM
TARTAR.
Cabinet
of Dabney,
DABNEY. MORGAN & Co., Bankers.
MANUFACTURERS OF
Schindler,
STREET, BETWEEN AMITY
BLEECKER
Currency at option of Ap
Losses promptly adjusted and
paid In this Country.
New York Board of management :
CHAS. H. DABNEY, Esq., Chairman.
John Dwight & Co.,
200 MERCER
4,260*635
or
plicant.
BROADWAY, NEW YORK,
Exchange Place.
AGENTS FOR
BRANCH,
STREET, NEW YORK.
CAPITAL AND ASSETS (IN
GOLD):
Subscribed Capital..
..$10,000,006
Accumulated Funds../.....
12,695 000
Cor. of
No* li Old
1809.
of S. B. Chittenden A
SHEPPARD GANDY, Esq..of Sheppard
Gandy A
Davis,
WOOL
EDINBURGH.
ESTABLISHED IK
PURCHASING
No. 58,
AND
Policies issued in Gold
notice, beg to Inform dealers In, and consumers of,
Iron and Steel, that they are prepared
to receive orders
for this Ikon, and for Blister and Extra
Cast Steel
made from the Iron, at their
&
establishments,
93 John Street, New York, and Nos. 133 & Nos. 91
135 Fed¬
Christy
91,432,849
Special Fund of $200,000
^
OF
request the special attention of the
CARL EMANUEL DE
WM. JESSOP & SONS, In
£2,000,000 fttg.
l,898,22l
asoRiBED
LONDON
ILEUFSTA, W. JESSOP
C. A.
Works,
ST. NICHOLAS BLOCK.
Mercantile Insurance Co
DANNE-
1 beg to announce that I have this
day entered into
a contract with Messrs. W.
Jessop A Sons, of Sheffield
for the whole Annual Make of the above
Iron, which
in future, will be stamped
buying p*nblic is invited
ENGLISH AND FOREIGN
BROADWAY,
Early.
«*8F LIVERPOOL AND LONDON.
MORA IRON.
Delivered Free in any part of the
City.
o our
SWEDISH
low
FIRE IRONS and
FENDERS for Library,
Anthony &Co.
Queen Fire Insurance Co
WAREHOUSES:
notice to the conscmebs or the
eral
prices.
501
STREET, NEW YORK.
Leufsta, in Sweden, 29th April, 1867.
WINDLE & CO.
KITCHEN RANGE
T. PABBY
Works, Philadelphia.
OFFICE AND
MERCHANTS,
WINTER
OHA8
o
GENUINE
Gano, Wright & Co.,
COMMISSION
620. BDBNHlM.
Pascal Iron
STREET, NEW YORK CITY.
Orders and Consignments solicited.
Advances made on Consignments.
Stereoscopes
Albums, Carved
Insurance
Morris, Tasker & Co.,
AND
PLACE,
of
WORKS.
accurately fitted to gauges and thorough
MATTHEW BAIRD.
COMMISSION MERCHANTS,
NO.
LOCOMOTIVE
Wrought Iron Tubes, Lap Welded
Boiler Flues, Gas Works
Castings and Street
Mains, Artesian Well Pipes and Tools,
Gas and Steam Fitters’
Tools, <fec.
Llspenard.
we are
Frames,
E. & H.T.
Call
ly Interchangeable. Plan, Material,
Workmanship,
Finish, and Efficiency fully guaranteed.
anufacturers
Miscellaneous.
DEALERS
1
PHILADELPHIA.
All work
FANCY
January,
New York.
N.B.FALCONER& CO
STAPLE
ot
Brackets, Etc.
HENDERSON
BROTHERS,
No. 6 Bowling; Green,
Company.
IMPORTERS OF
and
and Views,
SCOTCH PIG IRON.
Bristol Woolen Hnf’g Co.
1st
Betail,
splendid wholesale stock
Chromos
Blackstone Knitting: Mills.
Bronx
our
on
out
At
Iron and Metals.
Presents.
A RARE OPPORTUNITY.
Co.,
un.
Germantown Hosiery Mills.
Boses, Ac
to orders for
Agent* for
Keystone Knitting: Mills*
**
Opium and Persian Berries.
Canary and Hemp Seed,
HOUSE IN LONDON:
LINENS, A C,
10, 98 * 04 FRANKLIN
Miscellaneous.
CO.,~
NAYLOR &
importers & Commission merchants-
WHITE
[December 12, 1868.
STREETS, NEW YORK.
SPRINGFIELD FIRE AND MARINE
INSURANCE COMPANY*
,
J, N. Dunham, Sec’y.
E.
AND
Furniture and
Upholstery,
"’arlor. Library, Dining Room
lade to order.
Curtains, Shi
_md Bedding, Paper
Hanging
Decorations in General.
Fbeeman, Pres,
CONNECTICUT FIRE
INSURANCE CO
OF HARTFORD,
CONN.
Capital $27 5,000.
Sec’y.
J. B. Eldbedgx, Pres’t
M. Bennett, Jr„
Losse
ARTICLES RENOVATED AND
EXCHANGED.
Established 1849*
SPRINGFIELD, MASS.
*
Capital and Surplus $700,000.
promptly adjusted by the Agents here, andpal
in
WHITE
"■“*
current money.
ALLYN Sc CO.,
Agents,
NO. 50 WILLIAM STREET.
y
@FedFRASER