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J
omntttffa
AND
HUNTS
MERCHANTS’
MAGAZINE,
WjtItth U*w*j»apc*,
REPRESENTING THE INDUSTRIAL AND
COMMERCIAL INTERESTS OF THE UNITED
STATES.
YOL. 29.
SATURDAY, JULY 12, 1879.
C ONTE NT8.
THE CHRONICLE.
How Business Revival is Endan¬
j Railroad Earnings in June, and
gered
27 |
from January 1 to June 30
vs*
Germany and thaSjlffcr Question. 23 1 Latest Monetary and Commercial
'i he New York Cana*B
2e I
English News
The Darien Ship C&fial Scheme
29 I Commercial
and
I
THE
30
31
News
33
BANKERS’ GAZETTE.
Money Market, TJ. 8. Securities,
ib
‘
‘
Railway
Stocks,
Gold Market,
Foreign Exchange, N. Y. City
Banks, etc
having directed that these coins should be redeemed with
dollars.
But
the
Treasury puts the dol¬
silver
Miscellaneous
..
Local Securities
38
39
Investments, and State, City and
Corporation Finances
40
35
THE COMMERCIAL TIMES.
Commercial Epitome
43 I
43
48 j
Cotton
Breadstufls
Dry Goods
Imports, Receipts and Exports..,.
Prices Current
49
50
51
Slue ©Txrouixle.
The Commercial
and
Financial Chronicle is issued on Satur¬
news up to midnight of Friday.
day morning, with the latest
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The London office of the Chronicle is at
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Special Notices in Banking and Financial column 60 cents
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No
see
one
the mechanics call
test.
Quotations of Stocks and Bonds
NO. 733.
them
come
in
again in the form
wants this “ stove-lid
it; it is
never
currency,”
as
taken except under pro¬
Hence, whatever means the Secretary may devise
turning it over to the public, is only met by a coun¬
ter influence
pouring it back again, as constant and
unfailing in its operation as the tide. And yet he must
go on buying and coining two millions a
month, and if
the majority of the House of
Representatives could have
for
had its way,
many millions more.
Another
remarkable feature is, that while all
the world is in our
debt, our Representatives have
been doing what
they could to open the door for
foreigners to pay us eighty-eight cents instead of a
dollar for all they buy of
us,
though these same countries
ready to take our goods, and pay a good,
honest gold dollar for them, and have been
doing it.
We have become, for the time
being at least, a creditor
nation; the world owes us on every month’s business a
balance. How is it possible for a
body of men to deceive
themselves, or expect to deceive the majority of voters
have been
into
believing that it is good financiering to offer a
receipt
in full for each dollar of this balance on the
79 & 81 William street, NEW YORK.
f
Post Office Box 4592.
payment of eighty-eight cents. At this very moment
A neat file-cover is furnished at 50
Europe, because of a deficient harvest, is giving the
cents; postage on the eame is 18
cents.
Volumes bound for subscribers at
$1 20.
promise of a demand for our breadstuffs never perhaps
For
complete set of the Commercial
Financial Chronicle—
July, 1865. to date—or of Hunt’s Merchants’ Magazine, 1839 to 1871, inquire before equalled. They must have our cotton
at tne office.
crop too,
besides the innumerable other
things the world is learn¬
ing so fast to take of us. Is there a farmer in the West
HOW BUSINESS REVIVAL IS
ENDANGERED. or in the South who, when he sends his bushels of
wheat
There seems to be in active
co-operation every nat¬ or bales of cotton the coming year to
Liverpool, has no
ural agency favorable to a return of
prosperity to this preference whether the reiurn made to him is on the
country. Legislation is the only prominent adverse influ¬ basis of
eighty-eight cents or a hundred for every dollar
ence.
Still, in spite of all the harm unwise Congress¬ owing. And
yet, if the Warner silver bill had passed,
men have made
possible, we are progressing very rapid¬ the country would be in a
position now requiring the
ly. Starting with resumption, that “ great failure and
sum.
acceptance of the smaller
fraud ” as some of this same class of law-makers call
We repeat, therefore, that the
it,
only doubt or anxiety
we have been
building better than we knew. To-day among conservative
classes, respecting the country’s
almost every industry feels the
impulse, and more than future progress, grows out of this
very question.
Until
all we have ever promised as the
early results of that Congress meets there is of course no
possibility of
act has been realized.
any extension of silver legislation, and even then there/^
With regard to the future there is
only one cause for is good ground for the confidence felt that
nothing can ^
anxiety among commercial classes. What shall be done be effected over the President’s veto.
But, as we have
with the mass of silver dollars the
Treasury is accumulat¬ already said, more than that is needed. The
pres¬
ing ? There is some limit to the ability of the Government ent law must be
repealed,
for
the
Government
to carry a reserve. Mr. Sherman sees
this, and has endeav¬ cannot always go on coining even two million of
ored in every way to relieve his vaults. The
latest effort silver dollars
a
month without adopting some
is in the redemption of the small silver
currency, which means for forcing them into circulation.
It is not nec¬
redemption the late law provided for, the Secretary essary for us to
suggest how they could be put out and
line, each insertion.
william b. dana,
JOHN G. FLOYD, JR.
a
°
»
WILLIAM B. DANA & OO.,
and
'
Publishers,
THE CHRONICLE.
28
'
-
-
•
kept out; for we all know that it is to be done only the world’s annual production. Those silver advocate^,
through a process which must bring our currency to a therefore, who are seeking like ourselves the general
silver basis.
What is wanted, then, at the present time adoption of the bi-metallic standard, in the interest of the
more than all
things else is to have the public familiar¬ world’s commerce, will find new Lope of final success in
ized with the effects of this species of legislation. this action of the German Government.
Through the voters, quicker than any other way, our
THE NEW YORK CANALS.
Congressmen and politicians can be taught. Let them
learn then this fall that they will not be allowed to haz¬
The subject of what shall be done with the canals,
ard our prosperity by their silver legislation.
which we have several times discussed during the past
—
—————
GERMANY AND THE SIL VER
QUESTION.
The late action of
Germany suspending the sales of
be of more importance as an influence affect¬
ing the future t)f that metal than many are disposed to
consider it.
Prince Bismarck encourages the idea of the
trivial nature of the order issued by calling it a mere
financial measure,” the general public drawing the
inference that the sales are only temporarily suspended,
and suspended solely because of the heavy losses insilver may
-
tc
'
curred.
There are,
however, some facts inconsistent with
such an interpretation, being evidences rather of a desire
to change in some respects the policy of the German
•
•
Government.
•
[VOL. XXIX.
We should not lose
becomes more rather than less pressing. The
receipts of grain at tide-water by the Erie and Cham¬
plain canals from the opening of navigation to the close
of the first week in June last, were 6,280,800 bushels,
against 14,786,100 last year, but the season of 1878
began three weeks earlier than in 1879. Assuming that
the flour and grain received at tide-wTater was all des¬
tined for this city, and deducting those receipts from
the total receipts here for the period covered since navi¬
gation opened, we have the following as the receipts at
this port by canal and rail respectively.
two years,
1879.
>
Canal.
Flour, bbls
WTieat, busli
Com, busli
Oats, bush
Rye, busli.".
1,000
2,633,300
2,825,900
163,500
556,200
.
Rail.
6,33 3,478
4,442,341
5,930,164
1,742,381
136,466
1878
,
Canal.
1,300
6,768,300
5,915,900
475,594
2,566,518
2,463,077
sight of the grand object of Ger¬
1,190,700
1,740,750
many in its new coinage laws.
When the Franco-Ger541,500
339,394.
man wrar broke out that c
>untr}T was not a nation but a
This calculation, while not quite exact, is nearly
kind of confederacy.
With the close of the war the
enough so for the present purpose. It shows that on
purpose was pursued of consolidating and permanently
establishing the country which had been born out of it. every one of these five staples, except rye—as to which
the reverse is true—the canal has lost, and the rail¬
To that end, the securing of a national currency, to take
road has gained, on comparing this year with last.
the place of the coins in circulation, was indispensable,
Mr. T. C. Ruggles, in his recent letter on the canals
and the indemnity money furnished the means for
addressed to the President of the Produce Exchange,
making the change. Hence the Coinage acts were
and now appended to the annual address of that officer
passed, providing, of course, for the introduction of gold
to the Exchange, makes the following comparison :
“in the place of a portion of the existing silver and put¬
1868.
1876.
ting the value of the whole on a gold basis. At the same Tons moved
mile by canal
1,033,751,268
570,969,064
366,199,786
1,673,447,055
time, under Article 15 of the Act of 1873, all the old sil¬ Tons moved one mile by rail
ver coins remaining
He adds that the tons moved one mile on the canals,
in circulation were made a legaltender equally with the new gold coins, and that was to from the completion of the enlargements in 1862 to
'Continue until the Federal Council annulled this arrange¬ 1869, were 7,796,645,248; from 1869 to 1877, 7,155,388,ment and declared silver thalers token money only, 829; on the Central and Erie railroads, 6,729,416,602
after which they were to be a legal-tender for no more from 1862 to 1869, and 18,013,992,652 from 1869 to
than twenty marks.
1877. These comparisons all tell the same story, and
Under this law, according to the figures of the Presi¬ make it- necessary for our people to inquire into, and
dent of the German Imperial Bank, given in a recent if possible do something to remove, the causes of this
speech, about 8150,000,000 of silver have been melted decline of the canal as a carrier. The principal cause
'down and disposed of ; and it further appears in the appears to be that during the last ten years the rail¬
same speech that $130,000,000 more remain to be dis¬
road has been continually and greatly improved, while
posed of, to carry out in full the provisions of the act. the canal is practically as it was in 1860. The railroad
At this point the order is issued to stop the sales.
Of has steel rails, additional tracks, better rolling-stock,
coarse this step is said to be taken in the interest of
more
ample depots, increased facilities for handling
economy, but it is stated also that an increase in the limit bulky freights.
Moreover, it has so perfeoted its con¬
of the silver currency per head has been agreed upon. nections that it can not only carry a vastly larger quan¬
.Furthermore the order has the necessary effect of putting tity, but can do the work very much cheaper than for¬
off the day of the establishment of the single standard. merly;
it has also its elevators and steamshipWe thus see that when Prince Bismarck says the German connections, so that it can take freight in the West
’Government has no intention of altering the standard, direct for Europe on one contract. The fact is rail
Fe is undoubtedly strictly accurate. They already have a road men have at last learned, but the general public do
mixed currency raised to a gold value, precisely the con¬ not yet understand, that car wheels earn money only
dition existing in France. In discontinuing sales and when in motion, and lose it when still; in other words,
increasing the limit of the silver currency, they appear the long-distance freight, although at the lowest rates,
to be putting themselves in a position to maintain that combining the maximum of motion with the minimum
condition, it having been determined that this increase in of standing still and of handling-cost, is in general more
.stiver circulation was desirable, may we not say neces- profitable than the short-distance freight, although the
aary, for the country. We have, therefore, as an influence latter pays a higher rate per mile.
This fact, which we
in favor of silver, the withdrawal of the German supply only mention incidentally, is a vital one in all the con¬
from the market; and by and by, if this policy becomes tests about “ discrimination” in favor of long as against
the permanent policy, as would seem to be the necessary short distances, and it explains in part why increase in
conclusion, Germany must again become an abso bent of carrying capacity, increase in tonnage of bulky freights,
•
•'
•
v
Rail.
•
one
•
_
.
July
THE CHRONICLE
12, 1879 ]
and decrease of cost and rates of
carrying, have been “fear of injury to party or individual political prosgoing on together. On the other hand, the eanal, hav¬
pects.” The average legislator, he says, will profess
ing reduced its tolls without making improvements, has himself a staunch friend of the canals, and will have his
been and is losing. All efforts to introduce steam have pockets full of statistics
showing that they are necessary
so far failed that the problem is still to be
solved; the to the State’s commercial life, and that a “ liberal
canal is still substantially the same as it was twenty canal
policy is necessary to the existence of the canals j
“
years ago.
What shall be done ?
It is
clearly useless to
over¬
load the boats ; or to double the teams ; or to increase
the number of boats ; or to put on boats too long for
the locks and with too much draft for the canal itself.
Attempts to get out of the present canal more work
than it can do must, of course, be futile, and
although
some twenty steamers are now
employed there seems to
be little doubt that, unless some novel scheme like that
of the bank railroad, which shall both tow and
carry, is
adopted and proves successful, no improvements which
stop short of enlarging the canal itself can be a perma¬
nent settlement of the problem.
The settlement urged by Mr.
Ruggles is the old one,
with a single addition—he would have not
only a free
canal but a deep one. To add three feet of
depth to
the present seven will cost, by his
estimate, 3 1-3 mil¬
lions, which would reduce transportation cost to one
mill per ton per mile.
He quotes Comptroller Olcott,
who estimates that the reduction of tolls in 1878 in¬
creased business in the State 12 millions;
says the latter:
“
the increased tonnage of the canals in 1878 caused the
“
loading of 1,000 vessels at the port of New York, and
the average expenditure of a
sailing vessel while in
port is $2,000, the increased canal traffic caused two
millions
to
be expended
by sea-going vessels
“ alone.”
Mr. Ruggles states the cost of moving freight by canal boat as at present at 3-5
mills per ton per mile, which would be
$25,043,860 for
the 7,155,388,829 tons moved one mile
during 1869-77;
but by a canal three feet deeper,
psing a steamer and
consort, the cost would be 1*2 mills, or $8,586,466 for
the above tonnage, or a little over two millions of an¬
nual saving.
As to the cost to the State, the nine mil¬
lions of canal debt, principal and interest of which are
required by the constitution to be paid by the canal it¬
self, must in fact be paid by taxation, and will call for
about fifteen and a half millions
by 1893. This tax
must be borne, whatever the fate of the
canals, except
in the utterly improbable event of their
becoming able to
“
as
“
“
-
,
‘
but he will add that he would not dare face his constitu¬
ents after
voting for such a policy. The
Speaker of the
the
Chairman
of
the
Senate
Assembly and
Canal Com¬
mittee, continues Mr. Edson, both residents of a city on
the banks of the canal, which derives all its
importance
from that, have recently
actually informed a delegation
from the Exchange that if the alternative of
abandoning
the canals or of
supporting them by taxation is ever
presented they will be abandoned.
Which of these
views is correct would be determined
by submitting the
question to the people. Why should not that be done,
and after it has been done, if the vote is unfavorable to
the canals, other measures of relief could be tried.
It
“
“
“
“
“
.
is certain that the canals in their present condition do not meet the wants of the
country, and some change seems to
be
quite
necessary.
THE DARIEN
SHIP
CANAL SCHEME\
It would seem,
if we are to judge from present
appearances, that M. de Lesseps is likely to make his
promise good, and that he will be able to initiate the
canal enterprise by
cutting the first sod en the first of
January, 1880. In the interval which has elapsed since
the International Congress arrived at a decision
regard¬
ing the route, his activity has been indefatigable, and
his success has, to all appearance, been
equal to bis
industry. He has entered into a treaty with the United
States of Colombia, securing all the concessions neces¬
sary for construction and management, besides having
had transferred to him the
rights and privileges owned
by the old Darien Canal Company. Rapid progress has
also been made in the organization
of a new company,
with a capital of 400,000,000 francs, and the caution
money, 2,000,000 francs, has been paid to the Govern¬
-
ment of
Venezuela.
Such energy and
us no room to doubt that M. de
Lesseps
and confident.
The
activity leave
is in earnest
question, therefore, whether there is any good
satisfactory reason why we should not wish it success^
is assuming new importance.
In the first place, it seems
take care of it. A tax of one-third of a mill on the
to
impossible
ignore the fact that this proposed canal^
present valuation would probably suffice for maintenance though it may not be built
precisely where we would
and working expenses ; Mr.
Ruggle’s estimate of the prefer it, will nevertheless be an immense source of
cost of deepening the canal to ten feet would
there¬ wealth to these United States. It will be a benefit t&
fore involve a special tax of about one and a half
mills, the trade and commerce of all nations; but it will, from
besides the one-third mill annually for maintenance.
the very necessity of our position, be a
special benefit to
We do not say the advantages derivable are not worth us.
It will tend to the development of the
industry and
the money; on the
contrary, we have little doubt that wealth of the entire region of Central America; it will
they are well worth it. Mr. Ruggles confidently says tend also to the development of the
industry and wealth
that “ some voters may be found who will
object to an of all the countries, north and south, on the Pacific
entirely free canal on account of the taxation involved, coast; and it will bring all these fresh and
increasing;
but on serious reflection, if it is
proposed to have a resources not only within easier reach, but to our very
deep as well as a free canal, they will cheerfully vote door. It has long been manifest that such a canal
“for it.” We fear this confidence is
misplaced, and was one of the necessities of the early future, and that
that the counties not touched by the canal would be slow sooner or later the
demands of commerce would render
to tax themselves for it, because
it
an
they do not realize the
accomplished fact. Such a canal it is now proposed
general benefits from the canal itself and the tax would to construct, and we are invited to
participate in all its
look to them like a gift to other counties. The Presi¬
advantages, without cost or sacrifice. Does it not seem
dent of the Produce Exchange is “ convinced that the unnatural
and unreasonable that we should
interpose
great majority of the people of the State do not under¬ any
unnecessary obstacles in the way of such an enterstand-the value of these
water-ways, and that men prise, rather than wish it success ?
who do understand and appreciate their
We must confess that we have but little
importance
sympathy
“
dare not advocate their cause before the
people, for with the outcry which has been raised against Lessepa
.
•
or
30
THE CHRONICLE.
and his
What
movement.
canal has with the Monroe
chain of associated ideas it
connection
doctrine,
the
or
3
month
proposed
by what possible
[Vol. XXIX.
increased business to pay the interest
on
charge and
leave the common stock in as
good a position for dividends
held before. Kansas Pacific is
be made to appear
as
it
conspicuous for a heavy in¬
that crease over
June, 1878.
canal, constructed and managed as it is intended to
The earnings for the first half of the
current year are now
be, will traverse that doctrine, we confess we are at a
reported, and it is to be observed that the returns are some¬
can
the
loss to discover.
General Burnside
of the so-called
Powers; he contemplates it “with $826,832,
inquietude;”
in it
sees
what mixed.
a menace
The increase shown on the total statement is
but the increase on two or three roads far exceeds this
establish under their protection and amount, while the principal grain-carrying roads of the West
and the two Canada roads show a notable
decline in their traffic.
ship canal across the Isthmus of Darien The
other trunk line roads which have
would be an act which “ could not be
reported approximate
regard* d in any earnings for the first half of
1879—Michigan Central and Lake
other light than as a manifestation of
domination
to
a
unfriendly feeling
toward the United States.”
Burnside for
No
Shore—showed
the
blame General
oi.e can
end of
honest declaration of patriotic senti¬
ment; but his joint resolution would have been more
valuable if it had been in more
perfect harmony with
sound reason and with common sense. M.
de
an
Lesseps
has
management of the
have
more
we
a
desire ?
Let
us
exercise in the
lo
canal, and he has
adequate provision for
What
destined
are
prom sed to make
the exercise of that influence.
right to expect,
take the other view of it.
would
or
may
May.
a
fair increase
over the same time in
1878, and
be said of the Pennsylvania road’s report to the
GROSS EARNINGS IN JUNE.
1879.
Fe.
Burl. Cedar Rap. & No..
Central Pacific
Chicago <fc Alton
Chicago <fc East. Illinois.
Clue. Milw. & 8t. Paul..
Chicago & Northwest..
Chic. St. P.'& Minneap..
Galv. H. Ai Henderson...
Grand Trunk of Canada*
Great Wesjt'n of Canadat
Hannibal & St. Joseph..
Illinois Cent. (Ill line)...
inquietude” General Burnside feels becomes the basis of
Government policy.
Worked out. to its logical
conclusion, we have only one of two things to do:
either we mu-t.
altogether stop, if we can, the building
of
enterprise
to the nation.
of the apparent
at
length the value of ihis
We have assumed that
things that needs
It is
equally apparent, too, that our Government, until it
changes its nature, cannot under nke >he t>udding «»f
such
we
will
canal.
a
then
we
proving.
The situation then is induced
the
want
no
canal;
will
we
alone protect
it ?
,
Und
Complications touching • lie interest-'
r sm hi
<d
i
he
pi •<>?
o (1
S
kholds
'»
S
and bondhold ers, and calln
ig lor t he in deft < ■i« m *• of I he
protecting po wer, are sure to arise, 'i 'here in i g Ik i»e no
Course
that
poriion
should
has
nee
we
lo
of
u>
except.
actually
Ijle United S
v«d untarily
been
not
which
any
open
our
were n nt o ir own.
irnig
ed
or
advantage
su
p>M»>ed to lie
n u* y
Canal will imiluce
us
t
a'es
such
a>sn line
custom
h
11
he|*i
It ior
»o t
o
1111
i>
any
j* S
!.<
t
he
R.'
|M!
k•
i •<
.•>
mb>;
ItO
:
1
•
■
:
A
i { i
hoi*
the past.
sihil
-
.
’
| > i«
e
-
;j j
v
<
1
(‘
iin
Ill
.
j
evil
Ik
..lie*
-
D
v'
III
?
y
|
i||,.<es
at
;
COll-
j
It
u
|
ays ol
EARNINGS JN JUXtis AND
FROM\
JASUARY 1 TO JUXH Si)
!
earnings reported for June c unpare very well with ‘
The net iuerea
*3 on
all the roads
re-
j
5,747
10,303
149,654
14,378
■
»■it»»
67
28,561
6,770
•
24,987
682
12,337
g* ••••••
141
7,058,720
991,678
131,380
t
Increase. Decrease.
$
$
1,508,577 1,263,897
793,531
7,834,105
2,003,895
175,017
4,256,003
7,055,206
426,485
84,420
169,925
47,003
4,350,177
2.246,100
832,078
19,471
2,573,590
793,936
585,108
99.011
4,035,000
6,958.140
510,905
•
216,928
4,157,128
2,037,702
851,549
2,508,862
676,026
684,119
1,962,192
1,435,974
1,242,812
845,399
245,064
1.930,484
1,509,099
145,035
574,267
1.959.2S9
1,255,759
935,934
225,275
1,869,217
1,510,0 »5
117,705
613,042
139,707
83,376
221,003
97,066
193,098
208,349
.
_
64,728
117,910
526,218
12,947
19,789
90,535
61,267
996
27,330
38,775
2,187,390
228,101
45,579,107 2,323,423 1,496,591
January 1 to June 28.
January 1 to June. 27.
GROSS EARNINGS. EXPENSES AND
NET EARNINGS.
The statement below gives the gross
earnings,
operating expenses and
net earnings for the mouth of
May, and from January 1 to June 1,
of a 1 snen railroad
companies as will furnish montnly exhibits for
publication:
—May.
1879.
Atlantic Miss. & Ohio—
ien !
Gross e .filings
RAILROAD
The gross
the same month of 1878.
Chicago & Alton
Chicago Milw. & St Paul
46,405,939
w oy
.
36,485
7,763
300,572
$
653,824
7,750,729
2,178.912
Central Pacific
of
fVrJOII
rlt,i A
1
Atoli.Topeka& Santa Fe.
Burl. Cedar Rap. & No..
*
C
-d
oimiiiV.tiM
aba .do.,
•'
121,833
76,171
223,522
207,514
90,341
38,465
254,749
205,733
27,576
76,887
187a.
$
2,772,474
..
i Mil
eei
’
1879.
toihis;—;
rntrsvlves;
it
huiJd
not
31,641
8,757
430,873
7,919,018
Chicago & Northwest...
Chic. St. P. & Minneap..
Gaiv. H. <fc Henderson...
Grand Trank of Canada*
Great West’ll of Canadat
Hannibal & St. Joseph..
j Illinois
cent. (111. line)
do
(Iowa lines)
•
Internat’l & (it. North..
Kansas Pacific
Missouri Kansas & Texw
Mobile At Oiiio
St. L. Alt.&T. H.(brc’hs).
St. L. Iron Mt. <fcS<»uth’n.
St. Ij. Kan-.. C. Al North..
Scioto Valley...
Toledo Peoria & Warsaw
j Wabash
i
a* one
5,682
GROSS EARNINGS FROM JAN. 1 TO JUNE 30.
capital; or else the Government must insist upon receiv- j
ingand absolutely undertaking t he so e proo morale of it.
discuss
22,011
16,852
300,019
137,454
300,431
wi>h European
space to
56,494
636,476
1,069,142
64,397
83,337
9,821
162,524
320,158
27,228
*For the four weeks ended June
28.
t For the four weeks ended June 27.
canal which will
prove of gr^at ad vtri age to us,
and which will never be built
except
no
$
9,164
614,686
18<»,746
28,258
89,224
Total.
a
We have
359.457
221,892
90,408
31,695
283,310
Wabash
the
$
150,019
1,393,852
373,176
Mobile & Ohio
St. L. Alt.&r. H.(brc’hs).
St. L. Iron Mt.&South’n.
8t. L. Kans. C. & North..
Scioto
Valley
Toledo Peoria & Warsaw
Suppose ill’s “great
101,015
442,794
66,315
799,000
1,389,300
91,625
27,693
583,045
291,262
100,969
438,636
116,086
86,474
Intermit 1 & Gt. North..
Kansas Pacific
Missouri Kansas & Tex..
we
249,481
1,377,000
(Iowa lines)
Increase. Decrease.
$
110,179
.
do
1878.
$
399,500
Atcli.Topeka& Santa
again and again declared that the enterprise has “no
character of special
nationality,” and that, while it contemp ates a universal utility, it is in itself a private
He recognizes the important influence!
speculation.
which the United States
same
Expenses (iucl. txtraord’y)
Net earnings
.
Burl. Cedar Rap.&North’llGross earnings
.
Expenses
Not earnings
Chieago
.
Operating
.
expenses
.
May 31.18 78.
$
130,979
70,910
$
125,208
1)3,456
613.239
372,113
641,716
481,546
54,039
11,752
211,126
160,170
116,950
139,490
75,661
543,645
98,910
359,185
692,516
475,683
41,289
40,580
184,160
216,833
421,937
260,566
319,883
1,736,118
1,053,551
1,644,438
vV Alton—
Gross namings
/—Jan. 1 to
1879.
s
1878-
$
221,453
992,264
porting their earnings amounts to $360,293, aid
Net earnings
only
in
the!
161,371
128,430
case of Hannibal & St.
682,567
652,174
Joseph is there a ly important decrease Dakota Southern—
in the percentage of
Gross namings
18,261
19,039
earnings at Compared with June of last
90,003
87,721
Operating expenses
10,788
14,401
51,113
year. One of the most
44,813
striking points in the present exhibit is
Net earnings
the large increase on the two
7,473
4,638
38,890
42,908
leading Northwestern roads—the ! Houston & Texas Central—
St. Paul and
Gross
earnings
Chicago & Northwestern.
165,551
901,553
j Op.-raiing exp. and taxes. 143,188 138,863 1,038,873
The Chicago & Alton Railroad
140,4 9
721,809
754,032
shows an increase of
$*3,337 ; j
Net earnings
and if 30 per cent of this is
317,067
147,521
supposed to be ne; earnings, the Intel national & Great North.— 22,363 def.1,596
amount would be about
Gross
earnings
$25,000. But the company is
85,681
81,705
597,645
508,937
working j Expenses
an increased
*97,544
74,846
447,239
mileage, which ha3 so far cost it, with the
371,679
equip¬
Net earnings
ment, about $4,000,000, at an interest
def. 11,863
;
6,859
150,406
137,258
charge of 6 per cent, or
$240,000 per annum,
♦The flood during first week of
requiring a net profit of $20,000 per decreased
month increased expen-os and
earnings.
.
.
•
.
.
.
. ..
..
/
July 12,
THE
1879.]
May.
Kansas Pacific—
Gross earuiugs
Net
.
earnings
Operating expenses
Net
earnings
Nashv. Chatt. & St. LouisGross earuiugs...
Operating exp., incl. taxes
Net earnings
$
$
>.—Jan. 1 to May 31.—>
1879.
1878.
$
$
283,832
202,557
1,589,016
917,700
1,212,452
853,822
197,567
81,275
671,316
358,630
11,271
12,278
19,336
62,100
66,647
86,068
13,459
def. 1,007
5,877
def. 4,547
21,413
139,524
97,193
121,837
92,694
732,839
460,143
730,140
471,034
42,331
32,143
272,696
259,106
264,409
196,025
238,024
203,674
1,142,540
805,479
1,042,628
761,549
68,384
34,350
337,061
281,079
302,641
235,653
270,330
195,675
1,647,174
1,210,593
1,6 L4,468
1,020,542
66,988
74,655
436,581
593,926
53,911
42,102
45,814
240,701
37,454
194,464
239,424
191,574
11,809
8,390
46,237
47,850
..
Memph. Pad. & NorthernGross earnings
1878.
404,119
206,552
*
Expenses
1879.
CHRONICLE
64,655
Philadelphia & Erie—
Gross earnings
expenses
Operating
Net earnings
St. Louis Iron Mt. & Sout’n—
Gross earnings
Operat’g and extra’y
exp.
Net earnings
St. L. &So.East.—St.L.Div.—
Gross earuiugs
Operating expenses
.
Net earnings.
-
St. L. & So. East.—Ky. Div.—
Gross earnings
Operating expenses
Net earnings
28,598
22,559
28,972
25,672
139,150
108,296
134,101
6,039
3,300
30,854
22,052
11,520
11,126
17,890
10,135
63,079
48,272
68,816
49,979
394
7,755
14,807
18,837
55,414
37,480
58,131
31,996
247,581
156,189
238,379
145,077
17,934
26,135
91,392
93,302
30,170
26,838
33,215
24,204
131,149
114,008
149,759
107,109
3,332
9,01 L
17,141
42,650
St.L.&So.East.—Tenn.Div.—
Gross earuiugs
Operating expenses
Net earnings
St..Paul & Sioux CityGross earuiugs
Operating expenses
Net earnincrs
Sioux City & St. PaulGross earnings
Operating
expenses..
Net earnings
112.049
Southern Minnesota-
was
the
31
largest quantity previously recorded.
At this date in
so that if only a
similar increase take place during the summer
months, there
will be an accumulation of £40,000,000.
The total reserve of
the Bank is now as much as £21,251,650, which is rather
below
the highest point attained in 1876, which was
£22,246,069 ; but
at this date it was
only £17,298,157. The note circulation, how¬
ever, is considerably larger than in 1876, the present amount
being £29,755,997, against £27,913,998. For this, there are two
reasons : firstly, the
larger amount of notes in the hands of the
public is due to the crisis which has been more or less severe
during the last nine months ; and, secondly, to the suspension
of note-issuing private banks, which has necessitated a corres¬
ponding increase in the quantity of Bank of England notes in
circulation. The principal cause arises certainly from
distrust,
but, bad as trade is, there are some indications of improvement,
1876, the supply did not exceed £30,000,000,
and it is believed that
decided stimulus would be given to
were the weather to become settled.
A feature in this week’s Bank statement is a reduction
of
£551,803 in “ other securities,” making the total only £18,523,864
a
business
against £20,711,781 last year. The accumulation of gold and
falling off in “ securities” are quite sufficient to confirm the
remark that trade and enterprise are reduced to
very narrow
limits. New .companies are certainly introduced to
public
notice; but success is tardy, and very frequently wanting;
and, consequently, the mere fact that fresh schemes are brought
forward is not evidence that business and
enterprise have
revived. It is to be doubted if the public are yet disposed to
meddle with joint-stock undertakings, or to invest in
foreign
loans, except in those of unquestioned soundness. When mil¬
lions sterling have been sacrificed, and but few have
escaped
loss, a new generation would seem to be necessary to give sup¬
port to public companies and second-class foreign loans.
the
Investors still hold all sound securities with much firmness.
Lately, owing to the unsettled weather, stock dealers and spec¬
ulators, whose business has not been extensive for some time
Net earnings......
27,965
51,985
119,172
185,541 past, have been4‘bearing” the market for British railway stocks.
The following April figures have but
The account just concluded, however, disclosed a
recently come to hand.
great scarcity
April.
/—Jan. 1 to April 30.—. of stock, and it was quickly discovered that the necessity
1879.
1878.
1879.
1878.
existed of making re-purchases in order to cover previous
Great Western of Canada—
$
$
$
sales^
$
Gross earnings
295,100
305,900
While money is so cheap, and sound investments are so few
Operating expenses
253,500
268,300
and so dear, it can scarcely be expected that a prudent investor
Net earnings
41,600
37,600
will sell his stock when he is unable to re-invest his
money to
New York Lake Erie & WesternGross earnings
The finances of the railway companies are
1,372,755 1,127,079 5,084,099 4,699,717 better advantage.
Operating expenses
964,455
891,755 3,805,568 3,481,765
certainly not so satisfactory as they have been during the last
Net earnings
408,300
235,324 1,278,531 1,217,952 few years; but nearly all interests have suffered, and all have
Gross earnings
Expenses
50,140
22,175
81,769
29,784
/
Grand Trunk of Canada—
Gross earnings
Working expenses
212,537
93,365
320,359
134,818
v
&
£
£
108,539
144,040
111,910
572,678
462,167
29,803
32,130
110,511
138,342
£
603,411
472,651
to await the advent of better times.
the
goods traffic on most of our
weather and diminished prosperity
Bad trade has lessened
railways, and unsettled
have
had a similar effect
130,760
upon the passenger lines; but British railway stocks are a sound
investment, and, rather than sell, the probability is that bona
pLroctartji ©tframercial English gleitrs fide
investors will be buyers whenever the “ bears” shall think
it fit to sell heavily for the fall. Were the
RATES OF EXCHANGE AT LONDON AND ON LONDON
country poor, the
case would be different; but the fact is that there are
AT LATEST DATES.
large
supplies of money seeking employment for which it is difficult
EXCHANGE AT LONDON—
to procure a safe and satisfactory outlet. It must be borne in
June 27.
EXCHANGE ON LONDON.
mind
that a few years of strict economy, and the avoidance of
Latest
On—
Time.
Hate.
Time.
Rate.
Date.
luxuries, lead to large savings—not equivalent, indeed, to an
Amsterdam. Short. 12 034 '@12134
active and remunerative commerce, but compensating to a con¬
June 26 Short.
1203
Amsterdam. 3 mos. 12-314 @12-33*
siderable degree the losses which bad trade entails. Numerous
Antwerp
25*45 @25-50
.June 26 Short.
25-29
Paris
Short. 25-25 @25-35
June 26 Clieq’s
25-27
failures
are, indeed, taking place ; but they are not the result
Paris
3 mos. 25*42a2@25*4712
Hamburg
20-59 @20-64
of fresh business. They are legacies of the past, and the mer¬
June 26 Short.
20*4412
Berlin
20-59 @20-64
June 26
20-4412
cantile body now consoles itself that all new business is con¬
Frankfort...
2059 @20-64
June 26
20-4412
23 @23i0
St.Petersb’rg
June 24 3 mos.
ducted with safety. Few facilities exist for conducting a large
239t «
Vienna
11-80 @11-85
June 26
115-90
Madrid
46 34 @47
June 24
speculative business, and most mercantile transactions, though
47-80
Cadiz
47 @4714
attended with small profits, are not likely to yield any unsatis¬
Milan
27*9712@28"02:12 June 26 3 mos.
27-55
Genoa
27-9712 @28*02 igl June 26
27-55
factory result. Cheap money, cheap food, ample supplies of
Naples
27‘97i2@28-02i2' June 26
27-55
60 days
Is. 7%d.
labor, and a brighter political future, should give in some meas¬
Bombay
June 27 6 mos.
Is. 8iifjd.
Calcutta....
Is. 7»4d.
June 27
Is. 8ii6d.
ure a stimulus to business .;
but as yet the indications of
Lisbon
90 days
5134@52
New York...
J'me 27 60 days
improved trade are very faint.
4-87
Constan’ple..
June 24 3 mos.
109-37
The commercial demand for money during the week has been
Alexandria
June 24
9712
Hon" Kong
June 26 6 mos.
3s. 1034d.
exceedingly moderate; but there has been a fair Stock Exchange
Shanghai....
June 26
5s. 2d.
inquiry. Although Monday will close the first half of the year,
fFrom our own correspondent. 1
there seems to be no demand of importance for
temporary
London, Saturday, June 28, 1879.
loans, and it thus becomes more evident that, as soon as the
The money market has assumed a condition of extreme
ea9e, dividend money is released, increased ease will characterize the
and this week’s Bank statement indicates that there is
every money market. The following are the present quotations for
probability of an accumnUtion of gold in the vaults of the money:
Bank of England altogether unprecedented. In fact that
Per cent. Open-market ratesPer cent.
point Bank rate
.*
2
4 months’ bank bills
1*4®!%
has already been reached, as the
6 months! bank bills
rates—
1 12'3>1sq
supply of gold now amounts Open-market
30
and
60
4
&
days’
bills
6
la8®
tJ4
months’
trade
bills. 178@2
to £35,143,525, against £35,017,529
on September 20,1876, which
1 i$@ 114
3 months’ bills
Net earnings
ii
....
ii
...
ii
ii
ii
ii
ii
ii
ii
.-
»4
ii
ii
ii
ii
..
..
n
ii
it
....
ii
*4
....
.
....
.
....
....
44
“
32
THE CHRONICLE
The rates of interest allowed
'discount houses for deposits are
*
Public deposits
Other deposits
Covernm’t securities.
'Other securities
Bes’ve of notes & coin
Coin and bullion in
both departments
Proportion of reserve
.
..
■
to
and
judging of the
opinion. At any rate, Germany would be no
28,584,374 21,953,200 20,957,739 22,072,398 loser by the suspension of sales, as her
only large competitor in
14,678,635 16,207,691 15,214,859
14,611,952 the silver market was Austria, who was no longer a seller. The
18,523,864 20,711,781 18,510,050
mere
17,122,865
announcement of the intended
21,251,650 10,858,129 13,832,353 17,29S,157
suspension sent the price
up 6 per cent in a few days, from 4s. l%d. to 4s.
5d., and it now
stands between
35,143,525
7,946,124
Liabilities
27,833,348
7,940,265
27,994,045
8,760,469
27,661.255
9,069,793
23,438,504
26,826,398
29,959,412
3601
2 p. c.
av.
Mid. Upland cotton...
No. 40 mule twist
Clearing-House return
3 p. c.
95 5g '
9718
price.
3 p.* c.
2 p. c.
x94
9442
41s. 8d.
46s. 9d.
6i»16d.
63] fid.
9qd.
64s. Od.
63sd.
lO^ad.
48s. 4d.
83,194,000
81,800,000
73,431,000
lod.
80,204,000
63]fid.
lid.
There has been
scarcely any demand for gold for export; in
fact, there is no inquiry of any kind for the
Continent, and the
arrivals having been
large, the accumulation at the Bank has
been considerable. Less business has
been doing in silver, but
there has been a fair Continental
inquiry, and the quotation is
firm. The'full advance which
recently took place has not been
established ; but there has been a marked
recovery from the
late lowest point. The arrivals of
Mexican dollars have been
'
small, and, the demand being slack, prices are rather
weaker.
following quotations for bullion are from the circular of
Messrs. Pixley & Abell:
The
gold
Bar gold, fine
Bar gold, refinable
Spanish doubloons
: South
American doubloons
United States gold coin
German gold coin
.
correctness of this
4s. 4d. to 4s. 5d. per ounce.
important influence Germany’s
the wisdom
an
57’76
Bank rate
Consols
JEug. wheat,
'
[v0l. xxix.
could not be effected without
sacrifice, he was perfectly hor¬
rified at these figures, and he believed
there were few members
Per cent. of that House who would not
Joint-stock tanks
share
his feelings. This loss
1
Discount Louses at call
would not be reduced to
any
great
extent.
1
During the debate
<lo
with 7 and 14 days’ notice of
here on the
withdrawal
1*4
Coinage
Act,
the price of silver in London fell from
5s.
Id.
to
4s.
Annexed is a statement
ll%d. Granting that a further reduction was to
showing the present position of the be expected, no
one could have
IBank of England, the Bank rate of
imagined that it would be so
discount, the price of con¬ serious. Having these facts in view,
he had deemed it his duty
sols, the average quotation for English wheat, the
to urge the Chancellor to
price of
suspend selling. Whether the sus¬
Middling Upland cotton, of No. 40 mule twist, fair second quality, pension would result in the price again
approximating the
former level he could not
And the Bankers’
say. It had been maintained that
Clearing House Return, compared with the
Germany was alone to blame for the depreciation in the value
three previous years:
of silver by
continually placing such immense quantities in the
1879.
1878.
market, and that otherwise the price would
1877.
1876.
long since have
Circulation, including
£
£
£
risen. There would now be an
£
bank post bills
29,155,997
opportunity of
.
■
by the joint-stock banks
subjoined :
'
per oz. standard.
per oz. standard.
per
per
per
per
oz.
oz.
oz.
s.
d.
77
77
9
73
73
76
76
e.
d.
®
10*2®
9
®
8q®
3q®
3q®
That showed what
silver had on the market, and
of waiting to see what further effects
might result
before resuming selling. A loss of
100,000,000
or even 80,000,000
of marks was
surely enough to suggest caution. He was con¬
vinced that the House would do well to
support the Government
in this
matter.
The House would confer
important
service
only on this country but also on the whole
world if, by
vetoing altogether further sales, it, once for all, freed the mar¬
ket from the uneasiness
respecting the silver of Germany. The
country would no way suffer from a continuation of the circula¬
tion of thalers, and he felt sure that even
South Germans would
cheerfully put up with these coins for years to come rather than
that the Empire should be
exposed to* a serious loss.
too, Germany’s action in removing an important causeAbroad,
of the
depression prevailing for the last six years would be viewed
with gratitude. He concluded
by earnestly recommending the
House to abide by the order
restraining the sale of silver.
From the figures given in the above
speech it may be calculated
that, independently of the melted silver in the Imperial Bank,
representing a value of about 60,000,000 marks, there are still
in circulation thaler
pieces to the value of about 415,000,000
not
an
marks.
We have had another week of unsettled
weather.
Vegeta¬
certainly luxuriant, and, on bright days, which are
silver.
d.
d.
seldom, the country is in its highest beauty. But the 'complaint
Bar silver, fine..
per oz. standard, nearest. 51 ~>s
Bar silver,
®51iqe
amongst farmers is that dry sunny weather is necessary to
contain’g 5 grs. gold
per oz. standard. 52
®
Mexican dollars
mature
peroz.
51
the crops, and of this there can be no doubt.
q
®
Chilian dollars
We are
peroz
®
now
at
the end of June, and the
£6.
Quicksilver,
Discount, 3 per cent.
crops are a month behind.
Even the hay harvest has
The following are the current rate3 of
only just commenced in the early
discount at the prindistricts of England, and, so far, with
cipal foreign markets :
unsatisfactory results, as
it is utteriy impossible to convert the
Bank
Open
grass into hay. The
Bank
Open
rate.
market.
trade for cereal produce is still devoid of
rate.
market.
Pr. ct.
any special movement,
Pr. ct.
Pr. ct.
Pr. ct.
Paris
2
the large shipments from America and Russia
iq®iq St. Petersburg
5
4
®
4.q
having the effect
•-Brussels
2q
iq®iq Vienna & Trieste
4q
4q®4q of making buyers cautious. In several
Amsterdam
3q
3q®3q Madrid, Cadiz A
localities, the wheat
Berlin
3
2q®2q
and barley crops are
Barcelona
4
4 ®5
and
presenting
a
yellow
Hamburg....
3
sickly appearance.
2q®238 Lisbon & Oporto
5
5 ®6
Frankfort
3
216®238 New York
the
During
week
ended
June
sales
21,
the
of home-grown
3q®5
3
jLeipzig
2q®2q Calcutta
6
wheat in the 150 principal markets of
GehoaT
4
3
England and Wales
Copenhagen.... 4 ®4q 4 ®4q
Geneva
3
3
amounted to 49,426 quarters, against 26,546
quarters last year;
The silver question is still
attracting a good share of atten¬ and it is estimated that in the whole kingdom they were 197,700
■
oz.
tion is
•
...
..
..
...
...
....
...
»-
....
*
...
...
-
...
tion.
Prince Bismarck has denied that it is the
intention of the
German Government to alter the
standard, but it has been found
necessary to suspend the sales of silver, as the losses incurred
quarters, against 106,200 quarters in 1878. Since harvest the
principal markets have been 2,279,186 quar¬
ters, against 1,738,768 quarters, while in the whole kingdom
are
it is computed that they have been
very heavy. The following remarks by Herr Von
9,076,750 quarters, against,
Decliend,
President of the German Imperial
Bank, will prove of consider¬ 6,963,100 quarters in the corresponding period of last season.
able interest at the present time :
Without reckoning the supplies furnished
ex-granary at the
•r
Up to the' present year 629,000,000 of silver coins have been commencement of the season, it is computed that the
following
melted down, and 539,000,000 sold. The
nominal loss on these' quantities of wheat and flour have been placed
upon the British
sales amounted to 14 1-5 per
cent, or 89,484,073 marks, of which markets since harvest:
24,572,000 marks were accounted for by wear and
tear, and the
coins being stamped above their actual
1878-9.
1877-8.
1876-7.
1875-6.
value. The actual loss
Imports of wheat.ewt.39,062,086 46,741,780 31,163.835
was therefore 64,911,980
43,743,116
marks. The price obtained
Imports
of
flour
per stand¬
7,353,347
7,060,355
5,685,544
ard ounce ■ was,
5,243,787
notwithstanding, 4s. 6^d. Since 1878 the price Sales of home-grown
of silver has fallen
produce
39,332,550 30,173,600 31,912,000 32,790,500
considerably, and in the seven months end¬
ing on the 19th of May last, the date of suspension of sales, the
Total
85,747,983 83,978/735 71,791,379 81,777,403
price did not exceed 4s. 2d., while sometimes it fell as
low as 4s. Deduct
exports
of
0%d. per ounce. That would give a loss on sales of 21
wheat and flour
1,540,555
1,436,347
779,973
821,050
percent.
Even this price had to be put
up with.
The silver sold in this
Result..
84,207,428 82,492,388 71,020,406 80,956,353
year, amounting to 28,000,000 marks, resulted,
price of English
consequently, in Av’ge
further loss of 7,000,000,
wheat
for
the
season.
40s. 6d.
making the total nominal loss
51s. Od.
52s. 8d;
45s. lOd.
marks, and the actual loss 72,000,000. What silver the96,500,000
Govern¬
The following figures show the
ment still has to sell, and what will be
imports and exports of cereal
lost upon the sale, can
not be calculated
definitely, as there is no knowing how many produce into and from the United Kingdom since harvest, viz.,
of the thalers coined since 1750 have been lost
or melted down.
from the 1st of September to the close of last
week, compared
‘The experiences of the result arrived at
when the two-thaler with the
corresponding
period
in
the
three
pieces were called in gave, however, a tolerablv
previous years :
trustworthy
indication of what might be
IMPORTS.
expected. Of these two-thaler
pieces no less than 17 per cent did not put in an
1878-9.
1877-8.
1876-7.
1875-6.
appearance. Wheat
Applyi ng the same proportions to the thaler pieces,
cwt.39,062,086 *16*744;780 34,163,835 43,743,116
a
further
oss of 90 to 100 millions would
Barley
9,233,180 11,#25,501 11,461,751
7,435,996
be incurreckif
9.266,804
9,797,146
ontinue selling the remainder of her silver Germany were to Oats
9,016,555
9,292,597
at the price of the Peas....
1,398,131
1,452,265
1,115,136
1,247,998
last five months. Accustomed as he
1
1,381,440
2,568,509
3.879,312
(the speaker) was to for¬ Beans
3,209,674
Indian
corn
midable figures, and knowing very well that a reform of
28,141,742 28,449,930 28,092,441 21,587,732
coinage Flour
sales in the 150
•
■
...
7,353,347
7,060,355
5,685,544
5,243,787
July 12,
THE
1879]
CHRONICLE.
EXPORTS.
1878-9.
,
Wheat
Peas
Beans
corn..
...■
Flour
1876-7.
1,411,720
53,835
104,145
86,269
15,963
13,423
410,970
117,659
Barley
Oats.'.
Indian
1877-8.
1,422,896
cwt.
92,534
18,550
18,958
213,539
74,627
1875-6.
731,435
45,245
84,465
22,050
26,627
423,842
39,538
.
797,258
22,868
314,518
34,352
8,237
47,527
24,577
The third -series of
33
©mmwjcrctal atitfflXlsccltaue0«:s llaos..
Imports
Exports
and
for the
Week.—The
week,
imports of last-
compared with those of the preceding week, show
a
decrease in both dry goods and general
merchandise.
The total imports were $4,966,610,
against $5,319,994 the pre¬
ceding week and $4,479,948 two weeks previous. The exports
for the week ended
July 8 amounted to $5,646,576, against
$6,273,083 last week and $6,836,094 the previous week. The
following are the imports at New York for the week ending
(for dry goods) J uly 3 and for the week ending (for general >!
merchandise) July 4:
public sales of colonial wool is fixed to
commence on
Tuesday August 12. The arrivals to date amount
to 54,688 bales Sydney and Queensland wool, 68,200
Victorian,
14,774 Adelaide, 829 Swan River, 12,435 Tasmanian, 78,484 New
Zealand, and 29,043 Cape and Natal.
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
Some orders have been given out by American firms for Bes¬
1876.
1877.
1878.
1S79.
Dry Goods
$595,934
$1,002,553
$740,661
$381,203
semer steel rails, and the iron
General
mdse...
industry has, in some of its
1,942,328
4,406,100
4,635,066
4,085,407
branches, been more buoyant of late. Mr. Bessemer has
Total week
$2,538,262
$5,408,653
$5,375,727
$4,966,610 '
received the honor of Knighthood for his
discovery, and a Prev. reported.. 156,985,495 171,185,387 143,347,100 153,542,633 ;
writer on the subject says :
Tot. s’ce Jan. 1..$159,523,757 $176,594,040
$148,722,827 $153,509,243
Simple, apparently, as the new process is, it may yet take rank,
In our report of the dry goods trade will be found the
imports
if proved entirely successful, with the
greatest discoveries of of dry goods for one week later.
the age. Its importance, of course, is derived from the fact
The following is a
statement^ of the exports (exclusive of
that liitherto only a very limited proportion of the ores of the
specie) from the port of New York to foreign ports for the
United Kingdom have been available for
steel-making because week ending July 8:
of the presence of phosphorus.
The elimination of that vitiat¬
EXPORTS FROM NEW YORK FOR THE WEEK.
ing element will at once render applicable to this purpose all
1876.
1877.
1878.
1879.
the ores in the country, or, in other words, will
the week
$3,984,025
$5,022,895
adapt for the For
$5,765,521
$5,646,576metallurgy of the future the whole of the seventeen million Prev. reported.. 126,965,103 133,945,535 171,397,075 158,253,368 ;
tons raised annually in Great Britain, instead of
only an eighth Tot. s’ce Jan. 1..$130,949,128 $138,968,430 $177,162,596
$163,899^944
part of that quantity. To the Cleveland district it promises a
The following will show the •exports of specie from the
fresh lease of vigorous and active life. In that district the
port
2,00^,000 tons of iron annually produced contain about 30,000 of New York for the week ending July 5, 1879, and also a
tons of phosphorus, worth for
agricultural purposes as phos¬ comparison of the total since January 1, 1879, with thephoric acid above a quarter of a million sterling, while the corresponding totals for several previous years:
June.
money difference hitherto .existing between hematite and 30—
Str. Acapulco
Am. gold coin.
Aspinwall
$6,000 *
Cleveland iron has not been short of four millions
sterling, due July.
5—Str. Rliein
chiefly to the presence of this £250,000 worth of phosphorus.
.^Southampton
Mex. silv. dols.
31,883 :
The adaptation of the Cleveland ores for the manufacture
Mex. silv. bars.
5,030 of steel
5—Str.
Germanic
Liverpool
Mex. silv. dels.
will not only remove this great difference, but will turn the
16,500
,
-
4
.
scale, against the hematites of the west coast and all other
expensive ores. Cleveland steel from Cleveland ore will, cceteris
paribus, defy competition. It is not intended to imply that
no
other district will be able to carry on the steel trade.
Total for the week
($53,413 silver, and $6,000 gold)
$59,413
Previously reported ($9,208,062 silver, and $1,926,619 gold). 11,134,681
By reducing the cost of its hematites—which allow of a margin
in this direction—the Barrow district, with its excellent
ores
and admirable shipping facilities, will
any event, to
($9,261,475 silver, and$l ,932,619 gold).$L 1,194,094
The imports of
been as follows:
specie at this port for
.Hamilton
.Samaria
.Puerto Cortes
good place in the race. But the success
of Cleveland means that Wales and Sheffield must
largely, if
not entirely, go to the wall in respect
to the steel rail trade.
The Welsh steel trade is now
mainly dependent upon the
importation of foreign ores. It is true that such ores have
a
..Am.
..Am.
..
$4,655
silver
silver
1,591
8,346
763
2,100
1.229
2,382
Silver bars
Am. silver
Am. gold
5,225
2,098
19,920
Foreign silver.
July.
.Truxillo
..Am. silver
Am. gold
..Am. silver
.Kingston
may
English Market Reports—Per Cable.
periods have
Am. gold
Foreign silver.
Foreign gold...
Vera. Cruz
difference in favor of Cleveland-made steel of not less than 8s.
to 10s. per ton.
Any process that succeeds in eliminating the
phosphorous from Cleveland ore will, of course, be equally
423
50
59,807
Foreign silver.
Foreign gold...
.Aspinwall
17
2,021
8,650
2,760
..Am. silver
Silver bars
Am. gold
Gold dust
67
690
1,100
Trade dols
Total for the week ($112,321 silver, and
$12,176 gold)
Previously reported ($4,733,287 silver, and $676,686 gold)
Tot. since Jan. 1, ’79
The
same
..Foreign gold...
..
-■
recently fallen very much in price—so much so, indeed, that
Spanish ore has recently been offered at Cardiff at 11s. lOd. per
ton.
But there will, even with this access of
cheapness, be a
applicable to other cheap ores; and it is not improbable that we
before long witness a development of the steel trade in
Lincolnshire, Northamptonshire, and other districts where
cheap ores are more or ess abundant. Scotch ironmasters are
looking forward hopefu ly to the new process as One likely to
lead them out of the s ough of
despond in which they liave
been placed by the decay of the finished-iron trade.
the
June.
probably continue, in
keep
Tot. since Jan.1,’79
$124,497
..
5,409,973
($4,845,608 silver, and $688,862 gold). .$5,534,470
daily closing quotations in the markets of London and
Canal Tolls and Business.—Mr. G. W. Schuyler, the Canal?
Liverpool for the past week, as reported by cable, are shown in Auditor, furnishes the
following comparative statement, showing
the following summary:
the total
-
London Money and Stock Market.—The bullion in
the Bank
of England has decreased £38,000
during the week.
Sat.
July 5.
.
Consols for account
.
52
5134
98316
98ii6
98*4
98 is
106
109
106
109
.1041*3
•
.
.
Mon.
Julv 7.
28%
„
104%
28%
91%
41%
20 q
91 %
•
•
•
•
Tues.
Wed.
5134
5134
5134
98im
9713m
07i316
9713,6
9713m
98%
106
106
109
109
104%
28%
91%
104%
28%
41
....
....
Sat.
Flour (ex.
State) $ bbl..23
Wheat,spr’g,No.2,1001b. 8
Spring, No. 3...
Winter, West.,n.
Southern, new.
“
“
“
Av. Cal. white..
California club.
“
“
7
9
new
d.
s.
0
23
8
0
23
8
7
9
9
9
9
4
4
6
6
2
9 5
8 11
9 5
“
Tues.
s.
Corn,mix,sft,old,$cent’l 4 2%
Prime,
Mon.
d.
3 11^
7
9
9
8
9
4
4
6
6
2
5
11
5
2%
0
d.
0
9
9
4
7
1
6
4
O
JmJ
106
109
91
41
20
Liverpool Cotton Market.—See special report
Liverpool Breadstuff's Market.—
s.
Tlmrs.
Fri.
July 8. July 9. July 10.July 11.
23
8
7
9
9
9
9
4
4
97151C
98
106
109
104%
29%
91%
41%
20
104%
2834
90
d.
6
10
10
5
8
1
6
5
3
Thurs.
s.
23
8
7
9
9
9
9
4
4
d.
6
10
10
5
8
1
6
5
3
41%
20%
Pork,West.mess..$bbl.46
Bacon, long clear, cwt..26
Short clear
Beef,
pr. mess,
“
..27
s.
O
46
6
0
26
27
3
32
0
34
Tues.
s.
d.
46 0
Wed.
s.
d.
46 0
6
0
26
6
26
27
0
6
O
32
34
3
0
d.
O
Fri.
23 6
8 10
7 10
9 5
9 8
9
9
4
4
2
6
5
2*2
27
6
0
46
20
27
0
O ‘
O
32
34
3
0
32
34
32
34
O
0
3
0
1879.
$18,654 $18,448
Total miles boats
cleared
176,390
ARTICLES.
Boards& scantling 29,359
Shingles
535
Timber
915
Staves
1,011
Wood
972
Ashes, pot and p’rl
Ashes, leached...
*Pork
*Clieese
Fri.
Hides
*
Flour
Wheat
Rye
Com
*Corn meal
Barley
Barley malt
176,245
27,613
290
Oats
Bran
and
ship
stuffs
Peas and beans...
Potatoes
"Dried fruit
*Cotton
*Uumanuf. tob—
*Hemp
•Clover and grass
seed
*Hops
the canals
TONS.
1878.
*Oilmeal & cake..
234
*Leather
1
Furniture
1
*Bar and pig lead.
23
Pig iron
Bloom & bar iron.
940
Castings and iron
1,154
5
1
7
36
17
45
316
6,012
679
14,357
21,122
1,040
6,217
412
449
ARTICLES.
962
l,12i
...
on
.
TONS.
lard oil
*Wool
Thurs.
s.
d.
46 0
26 6
27 0
$ tierce
Lard, prime West, ^cwt.32
Cheese, Am. ch.uew “ 34
Mon.
1878.
Tolls
*Lard, tallow, and
Liverpool Provisions Market.—
Sat.
s.
d.
quantity (in tons) of each article cleared
July 1 to July 7, inclusive, 1878 and 1879:
*
on cotton.
Wed.
s.
51%
from
146
198
1879.
225
1
31
42
740
750
*Domestic w’lens.
^Domestic cottons
Domestic salt
232
201
436
33
666
6,447
4,665
Foreign salt
Sugar
112
4
1,572
2,276
L07
2
248
7
51
22
62
ware
,.
Molasses
'"Coffee
616
Nails, spikes, and
75
14
853
1,146
71
78
27
117
7
5
""l27
23
O
27
horseshoes
Iron and s+eel....
Railroad iron
399
558
Flint, enamel,
crockery, glass¬
56
122
1,533
6,069
6,376
838
Anthracite coal... 32,249
Bituminous coal..
6,135
Iron ore.
6,772
4,052
ware
All other mdse....
Stone, lime,
and
clay
Gypsum
Petr’leum
or
145
46,359
9,653
7,276
earth
oil, crude and re¬
fined
Sundries
Total tons
2
^Domestic spirits.
6
22
*
Articles marked thus are in the “ Free List.”
2
4,526
3,757
124,448 150,475
.
34
The
THE CHRONICLE.
following is
a
statement of the Comptroller of the Cur¬
rency, showing the issue and retirement of national bank notes
and legal tender notes, under the Acts of June
20, 1874, and
January 14, 1875, to July 1, 1879:
National Bank Notes—
Act of June 20,1874, was passed
$349,894,182
Issued from June 20, 1874, to Jail.
14, 1875
Redeemed and retired between same dates... $4,734,500
Outstanding when
....
.
2,767,232
Increase from June 20,1874, to
January 14, 1875.
1,967,268
Outstanding January 14,1875
Redeem’d and retired from Jan.
14,’75, to date $75,939,581
Surrended between same dates
$351,861,450
11,231,502
Total redeemed and surrendered
Issued between same dates
$87,171,083
63,533,830
Decrease from January 14, 1875, to date
$328,224,197
Greenbacks—
On deposit in the Treasury
June 20, 1874, to retire notes
of insolvent and
liquidating banks
Deposited from June 20, 1874, to date, to retire national
bank notes
same
dates,
On deposit at date
Retired under Act of
at date
Outstanding
$3,813,67b
87,028,836
Total deposits
Circulation redeemed by Treasurer oetween
without re-issue
January 14,1875
land sales were, in acres, 112,929
; amount, $482,815 ;
verage price, $4 27^ ; number of
purchasers,
1,280;
cres to each, 88*22.
The business of the department isaverage
not as
large as for the same season last year, owing to the so-called
Schurz
decision, which
promulgated in August, 1878. Its
bad effect was felt
during each month afterward, and no mater¬
ial change occurred until after the
decision in the Platt case,
was
April 22, 1879 (reversing the Schurz
ruling), following which
the business advanced almost as
rapidly
as it had decreased.
The finding in the Platt
case, however, came too late to
give
the full benefit of the
spring business. Land sales made by
the company in
May are reported at 30,583 acres, at an average
price of $4 36 per acre, which is about the
largest monthly sale
ever made
by the
Atchison, Kan.—Official notice is given in our
advertising
columns that exclusive
authority has been given to the New
York New England & Western
Investment Company to
carry
out the proposed
funding scheme of this city. The debt to be
funded amounts to $660,000. The
city proposes to pay fifty
cents on the dollar,
including accrued interest. For this pur¬
pose it has issued 7 per cent bonds, dated
July 1,1878, the bonds
twenty years, the right being reserved to redeem them
time after July 1, 1888. The interest is payable in Janu¬
$78,706,813 ary and July. By a provision of the act under which these
funding bonds are issued, the city covenants not to increase its
$12,135,698 bonded debt for a
period of fifteen years from April, 1878. Pro¬
$35,318,984 vision is also made for the redemption of the bonds by a
sinking
346,681,016 fund. The N. Y. N.
$90,842,511
Bail road
Indemnity Lands.—The Supreme Court of Iowa
rendered an opinion on the 27th
ult., in the case of the Chicago
Rock Island & Pacific Railroad
Company vs. Grinnell, which
seems to cover the
question of the title of railroad companies
to'land held under the
Congressional
The original act granted to the State grants of 1856 and 1864.
of Iowa for railroad
pur¬
poses every alternate section for six miles on each side
of four
roads which were named. In cases
where any section or part
of section within this six-mile limit
had previously been sold or
§re-empted, the companies
1879, the
a
company.
$23,637,253
Outststanding at date
[VOL. XXIX.
given the right
select “ inwere
to their
emnity land ” within fifteen
miles on either side of
roads.
In 1856 the State
accepted the grant, and the Mississippi & Mis¬
souri Railroad
Company was soon after chartered, and in 1858
all the lands were located. In 1864
the company was authorized
to modify and
change the location of parts of its line, and “ in¬
to run
at any
E. & West. Investment
Company reports
xthat bondholders are
rapidly exchanging bonds in order that
dieir holdings may become
productive.
Pine River Valley Railroad
Extension.—The
Pine River
Valley & Stevens Point Railroad Company, of the State
of Wis¬
consin, has recently executed a mortgage for
$250,000 on its
road, equipment, franchises, &c., to the New York New
Eng¬
land & Western Investment
New York, as trustee, to
Company,
secure
a series of 7
per cent 20-year gold bonds to that
amount, issued by the railroad company, to be used in
the completion of * the road from Richland
Centre, its present
northern terminus to Stevens Point. The road is
now ^suc¬
cessful operation from Lone Rock, on the
Chicago Milwaukee &
St. Paul Railway, to Richland
Centre, about 16 miles, and its
net earnings are
reported to be sufficient to pay the interest on
the bonds issued on the
completed division ($18,000) with a
considerable surplus. The entire line when
completed will be
about one hundred and four miles in
length,
which
would make
an average of
$2,500 of bonds per mile. These will probably
be placed upon the New York market in about
30 days.
'
demnity lands ” on the new part could be selected within
twenty
miles from the road. In 1866 the
plaintiff purchased the title
and interest of the
Mississippi & Missouri road, and located
much of the unbuilt
portion considerably to the south of the
old survey. The lands in
are within the fifteenmile limit of the old line,controversy
the defendant selling them in 1872.
Cheney’s Grove Township, McLean County, III.—In
a letter
The Court decides that the
original grant to the State was from the Township Committee, appointed to make provision for
valid; that the survey and location of plaintiff’s road
gave a funding the debt, they use the following plain terms in relation
title to the land; that the sale of
the road did not effect the to the
liability of the town, which shows the views entertained
title to the land; that defendant’s
claim under the homestead of the town’s
responsibility for its obligations :
laws of the United States was made
after the title to the land
Tlie
had been passed from the
with which our people voted to fund our debt, and the
Government, and is, therefore, void. fact thatunanimity
we have paid the bondholders nine
consecutive annual interest
The claim that “
indemnity lands ” were prematurely located installments of ten per cent each, and are prepared
to
the tenth in
was not
allowed, as the original parties to the grant have for due time, would seem to sufficiently attest the good faith pay
the town in its dealings with its bondholders. The debt is and integrity of
more than
an honest one,
twenty years acquiesced in the selection. That the and we
propose to stand by our contract like men, and in this we utter
railroad was not completed within the time
limited by the Con¬ the unanimous eentiment of our taxpayers.”
gressional grant did not invalidate the title to
the land. A
failure to enforce a forfeiture was a
waiver on the part of the
—The Ontario Silver Mining
Company has declared its fortyGovernment. The same decision was made in each of
fifth dividend (for June) of 50 cents
per share, payable at Wells,
twentythree similar cases, and all were
appealed.
Fargo & Co/s on the 15th inst. Transfers close on the 10th.
The production of the Ontario Silver Mine for the month
Washington City Virginia Midland & Great Soulhern.—In closed
just
was $131,181 76,
the notice of the
assay
value.
proposed plan of re-organization published in
the Chronicle, the
proportions of new bonds’to be allotted to the
respective issues should have been given as follows:
Original
Orange Alexandria & Manassas bonds, $1,650,000; Manassas
B1NKING AND FINANCIAL.
Gap
bonds and debt secured
thereby, capitalized at 5 per cent,
“
$95,517; interest at 5 percent, $S7,275.
Lynchburg & Danville:
Original bonds, $1,310,000; interest at 4 per
cent, to be raised to
5 per cent at end of five
years, $52,400.
First Orange & Alex¬
andria: Bonds and interest,
$561,086; interest at 6 per cent,
$33,665. Second Orange & Alexandria : Bonds
and
$1,768,800; interest at 6 per cent, $106,128. Third interest,
Orange &
Alexandria: Bonds and State’s
claim, $1,080,283; interest at 5
per cent $54,011.
Fourth Orange & Alexandria:
Bonds, $899,381; interest at 4
$35,975.
$369,456.
years,
per cent, to be raised to 5 per
Total
principal, $7,365,020;
cent after 10
total
interest,
OFFICE OF
FISK
&
BANKERS, AND DEALERS
HATCH,
IN GOVERNMENT
No. 5 NASSAU
SECURITIES*
STREET,
New York, July 7,1879.
place for the savings of the people, for trust funds, forestates
for all those desiring perfect
security and a certain income, is in the
Bonds of the Government. We buy and sell all issues of
United States
bonds, including tlie popular Four per cents. We pay especial attention
to the refunding of the called
Five-Twenty and Ten-Forty Bonds. A
The
sure
Western Union Railroad.—It is announced
that the Chicago
Milwaukee & St. Paul Railroad
Company
has
effected a settle¬ complete assortment of the differeut denominations of the Four per
ment with the
City of Glasgow Bank in regard to the $3,000,000 cents, which are issued m 50s, 100s, 500s, 1,000s, coupon form, and,in
bonds of the Western Union Railroad
held by that institution. addition,in 5,000s, 10,000s, 20,000s, 50,000s registered, constantly on
The Chicago Milwaukee & St. Paul
agrees
to pay the interest hand for immediate delivery..
due last February and
We also pay especial attention to purchases of all
up to July 1 in cash, at the rate of 7
first-class investment
per
cent per annum, and to
bonds
and stocks on commission at the Stock
dollar
exchange
for
dollar
its
own 6
Exchange.
Our office ia
per
cent
mortgage bonds, secured on the Western Union Read and free to all intending investors who may desire to consult files of quota¬
St. Paul Roads, for the 7
per cent bonds of the Western Union tions and obtain information before making their investments.
Company. The proposition lias to be submitted to the Scottish
fgp Holders of Five-Twenties, of either issue, and of Ten-Forties,
court.
A
long lease of the Western Union Road to the St. Paul should take notice that all their bonds have been called in for
Company, which owns a majority of the capital stock, is made redemption, that the Five-Twenties have all ceased to draw
a part of the
interest,
agreement. Before sailing for Europe, President and that the interest on the last of the Ten-Forties will
cease on the 21s
Mitchell, of the St. Paul Company, is said to have executed the day of the present month. As
they will lose interest on their money by
lease and
mortgage,
and it is understood that the lease went holding their called bonds that are past due any longer, and as those
into operation
on July 1.
not yet due can be now disposed of as
Union Pacific.—Land commissioner
Leavitt Burnham, fur¬
nishes the
following information : From January 1 to June
25,
advantageously
holders will find it to their interest to make their
investments at once.
*
as at maturity,
exchanges and re¬
{
FISK & HATCH.
35
THE CHRONICLE.
1879.1
July 12,
prospect of a large coming demand, when the ten-forties
3pic ^.uiukcrs7 (Gazette.
cease to
shall
draw interest after the 21st inst.
Closing prices at the N. Y. Board have been as follows:
organized during tlie past week.
No National Banks
DIVIDENDS.
dividends have recently been announced:
Tlie following
Name of
Per
Cent.
Company.
When
Books Closed.
Pay.able.
(Days inclusive.)
Railroads.
29. July 12 to July 29.
3
July 29. July 12 to July 29.
$1 50 July 15.
$1 50 July 15. July 1 to July 9.
1% July
Central Ohio, common
Do
pref
East Mahanoy
East Pennsylvania
Little 8cliuylkill Nav
Mine Hill & Schuylkill
3*2 On dem.
3*2 July 17.
Haven.
West Chester & Philadelphia...
3
On dem.
Insurance.
American Exchange
Citizens’
Clin ton Fire...*
Continental Fire
On
On
On
3*2 On
7*2 On
5
On
3*2 On
5
On
5
On
5
On
5
10
5
Fire
Farragut Fire
Globe Fire
Guardian Fire
Lamar Fire
Lenox Fire
Manhattan Fire
Mechanics’ & Traders’ Fire
•
10
5
N. Y. Equitable
Standard Fire
Tradesmen’s Fire
On
On
3*2 On
5
On
dem.
dem.
dem.
dem.
dem.
dem.
dem.
dem.
dem.
dem.
dem.
dem.
dem.
dem.
*
The
Market
Money
and
Situation.—The
demand.
large,
as
and dividends
are
psual at this period of the year, and added to the ordi¬
circulation
July
10.
11.
J.
J.
1895..reg.
1896..reg.
1897..reg.
1898..reg.
1899..reg.
J.
J.
J.
J.
J.
This is the
J.
J.
&
&
&
&
J.
J.
J.
J.
Q.-Feb.
Q.-Feb.
Q.-Mar.
>>
cS
Q.-Mar.
C
Q.-Jau.
K
Q.-Jan.
&
&
&
&
&
*104*4 *104*6 *104*6 104*4 *104
*104*4 *104*6 *104*6 *104*8 *104
1045s *104*2 *104*2 104*2 *104*2
1045s 1045s *104*2 104*2 1043s
102*2 1025s 1025s 102*2 *1023s
*103 5s *10334 103% *1035s 1035s
*106
106
*106*e
106*6 *106
*122
*122
*122
*122*2 *122
*123
*123
J.
J.
J.
J.
*10578 105 7s
106
106
1017e 10178 1017s
1017s 102
ioi7s *1017S 1Q178 1017s 101%
*122
*122
123
J.
*106
*122
*122
*122
*122
124%
*122
*122
*122
*122
122% *122
*122
*122
*122
123
price bid; no sale was made at the Board.
Amount July 1, 1879.
Registered.
Highest.
Coupon
6s, 1880-1..cp. x0438 July 11 1075s June 23 $203,311,900 $79,424,450
4,296,150
2,851,450
13,056,950
7,046,600
42,145,800
96,279,350
5s, 1881
cp. x03*2 May
1 107*2 Jan. 15 264,938,400 243,501,950
Mch. 21 108
84,089,250
4*28, 1891..cp. 104
May 21 165,910,750
4s, 1907
Apr. 1 103*2 May 21 419,280,500 *247,749,400
cp. x99
4 128
64,623,512
68, cur’ncy.reg. 119*2 Jan.
May 31
6s,5-20s,’67.cp.
6s,5-20s,’68.cp.
5s, 10-40s... cp.
*
This amount does not include
on
July 1.
$12,848,210 of Refunding Certificates
Closing prices of securities in London for three weeks past and
since Jan. 1, 1879, were as follows:
the range
mining companies are disbursing no inconsid¬
still further the immense payments by the
account of called bonds this month will place in
nary payments the
erable sums, and
on
July
9.
reg.
coup.
reg.
coup.
reg.
coup.
reg.
coup.
-.reg.
coup.
outstanding
Government
July
8.
Lowest.
Financial
account of interest
July
7.
Range since Jan. 1,.1879.
opened quietly after the Fourth of July
holidays, and tlie prices of securities are generally firm on a good
on
July
5.
The range in prices since January 1, 1879, and the amount
each class of bonds outstanding July 1, 1879, were as
follows:
financial markets have
The disbursements
July
of
FRIDAY, JULY 11, 1879-5 P. N.
,
6s, 1880
6s, 1880
6s, 1881
6s, 1881
5s, 1881
5s, 1881
4*28,1891
4*ss, 1891
4s, 1907
4s, 1907
68, cur’cy,
68, cur’cy,
6s, cur’cy,
68, cur’cy,
68, cur’cy,
Interest
Periods.
June
27.
July July
3.
11.
Range since Jan. 1, 1879.
Lowest.
Highest.
x05*4 Apr. 25 109% Jan. 4
seeking employment, which U. S. 5s of 1881
106*6 106*4 106
U. 8. 4*23 of 1891
May 2
106*2 Mch. 24 110
1085s 10878 109
securities, both of the invest¬ U. 8. 4s
Mch. 26 105*« May 22
of 1907
1045g 104*2 1043s 101
ment and speculative sort.
Unless the signs of the times are
State and Railroad Bonds.—There has been little doing in
greatly misleading there is likely to be a considerable employ¬
ment of money in industrial enterprises.
The iron and steel State bonds, and the Southern list is generally dull. Louisiana
rolling mills report an active business with engagements ahead consols have again declined, although one-half the July coupon
for several months, and prices of rails are steadily advancing. is paid in New Orleans, but the prospect of a satisfactory rate
One of the features of the present demand for rails is in the fact of taxation is not very cheering, and voting to pay interest with¬
that the purchasers are generally old companies of undoubted out voting taxes, is a barren sort of honesty.
Railroad bonds have been in good demand at prices generally
credit, and far different from the class of buyers who crowded
the markets in 1866-73, offering in payment for rails the bonds strong, but on speculative account business has been rather less
The reports to-day of yellow fever at Memphis had a
of their respective roads at all prices from 60 to 95 per cent of active.
their face value.
depressing effect on some of the Southern railroad bonds and
The immense calls for bonds which close out the whole of the on Southern bonds in general.
five-twenties and ten-forties mature this month, and already some
Messrs. A. H. Muller & Son sold the following at auction:
Shares.
Bonds.
$80,000,000 have so matured, leaving the heavy call of $160,000,160 Union Nat. B’k.. .140*8@14O
$10,260 Metrop. Gaslight scr.l02*2
000 falling due July 18, and $24,566,300 July 21.
100 Amer. Ex. Bank
107
2,000 Jersey City 7 per cent
The money market has been exceedingly easy during the latter 150 Metrop. Gaslight Comimpr. bonds, duo 1891— 98
pauy
113 5)111 I 12,000 Windsor Hotel Co. 7
50 New York Gaslight Co... 97
part of this week, and on call loans the rates are 2(8)4 per cent.
[
per cent bonds, due 1883. 10
13 Knickerbocker Fire Ins.. 71
|
Prime commercial paper is scarce, and passes readily at 3£@4 per
8 N. Y. City Fire Ins
59*2 I
should
an
cause
of money
active demand for
amount
an
.
cent.
The Bank of
England statement on Thursday showed a de¬
crease in specie for the week of £33,000, and the
percentage of
reserve was 54 11-16,
against 55$ per cent the previous week.
The Bank of France lost 30,000,000 francs.
The last statement of the New York City Clearing-House banks,
issued July 5, showed an increase of $391,775 in the excess
above their 25 per cent legal reserve, the whole of such excess
being $10,432,375, against $10,040,600 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
Closing prices of leading State bonds for two weeks past,
since Jan. 1, 1879, have been as follows:
States.
1879.
Differ’nces fr’m
previous week.
Loans and die. $257,082,500
19.889.600
Circulation
20.542.900
Neb deposits
236.007,300
Specie
..
.
Legal tenders.
49.544.600
United States
Inc .$3,507,000
Inc.
223,200
Inc.
171,600
Inc. 9,893,700
Inc. 2,642,000
1878.
July
1877.
6.
July
7.
$236,516,000 $253,323,800
20,420.000
19,823,900
213,816,700
53,606,300
Bonds.—There has been
a
21,259,300
15,558,100
231,228,600
58,447,000
decidedly active
market for
government bonds, but some weakness in prices. The
demand for bonds is largely of the investment sort, and a great
number of orders
received
by the leading dealers, but there
heavy sales by German bankers in this city who
are supposed to have held the bonds for some time past on spec¬
ulative account with the purpose of selling them in July.
The
sales, however, must be of temporary duration, and the general
situation remains unchanged as to government bonds, with the
have been
some
are
July
July
3.
11.
Range since Jan. 1, 1879.
Lowest.
Highest.
Jan.
6
*47*2 x44*2 38% June 2 69
*x05*2 *106*4 1035s Mch. 5 107% June 10
*25"
*25 ' 18
Feb.
8 257s June 14
Feb. 13
*33
33*2 33*2 July 11 42
20
73%
June
*78
*78
73%
June
20
Vil’ginia 6s, consol
Mch. 28
41% Apr. 29 44
do
do
2d series.
3 885s May 23
87%
875s 79*2 Jan.
District of Columbia 3-65s...
Louisiana consols
Missouri 6s,
’89 Ol* ’90
North Carolina 6s, old
Tennessee 6s, old
’
*
This is the
price bid; no sale was made at the Board.
Railroad and
July 5.
and
the range
Miscellaneous Stocks.—The stock
market
quite irregular, and prices have fluctuated consider¬
ably from day to day. The main sensation of the week was
produced by the announcement of the new Wabash combina¬
tion by which the stock of that company, and the St. Louis
Kansas City & Northern, are to be consolidated, and new stock
issued, “ half and half,” preferred and common. The stocks
became strong, but afterwards declined, and to-day were unset¬
tled in tone. The most information which can be given in re¬
gard to the values of stocks, so far as earnings of the roads are
concerned, will be found in our tables of railroad earnings on
another page; the statement of net earnings of the different
roads, brought down to the close of May, is worthy of special
attention. So far as the present state of the market goes, and
the great ease in money and prospective abundant ;yield of the
crops, the situation seems favorable for a continuation of firm
prices. It would appear from this view that any party would
be very bold who should undertake a bear campaign at the
present moment. Possibly at the opening of fall the situation
has been
in monetary and
railroad affairs
may
have changed.
if!
36
THE
CHRONICLE
[Vol. XXIX.
r
The
daily highest and lowest
Saturday,
July 5.
orices have been
Mondav,
July 7.
Tuesday,
51%
51% si% 51%
July
8.
as
follows:
Wednes., Thursd’v,
July 9.
July 10.
/—Latest earnings reported.—n ^-Jan. 1 to
latest datc.-^
Week or Mo.
1879.
1878
1879.
1878.
Gal. Houst. A IT. .June
$27,693 $22,011
$216,928 $169,925
Grand Trunk. Wk.end. J’ne 28 150,822
165,794 4,157,128 4,350,177
Gr’t Western. Wk.end.J’ne 27
76,465
79,050 2,037,702 2,246,100
Hannibal & St. Jo.4th wk J’ne
26,466
37,848
851,549
832,078
Houst. A Tex. C..May
165,551
138,863 1,038,876
901,558
Illinois Ceil.(Ill.).. June
438,636 430,873
Friday,
July ll.
r
Canada South.
Cent, of N. J..
Chic. & Alton.
Chic. Bur. A Q.
Chic. & N. W..
do
prof.
Chic. R.I.& I’.
Clev. C.C. A I.
Clev.AP.,yuar
Col.Chic.s I.C.
Del. A H.Canal
Del.Lack.& W.
Erie
do pref
Han. A St. Jo..
do
pref.
Illinois Cent...
Kansas Pacific
Lake Shore....
Mich. Central..
Mo. Kans. A T.
Mor. A Essex..
N.Y.C.A H.K.
Ohio A Miss..
Pacific Mail....
Panama
Pitts.F. W.& C.
St.L &I.M.assr
St.L. K.C.&N.
do
>
0
are
84%
*
57
57
51 % 51%
84
84%
Ml 6% 16%
51% 52%
*
85
.
11 «% 110% 116% 110% 110% *16% 116%
52% 50% 52% 51% 53
51% 53% 51% 52%
92% ml 91% 91% 92% 91% 92% 91% 92%
«5% 03% 04% 03% 04% 04
05% 04% 05%
95% 95% 94% 95% 95% 95 % 95% 95% 95%
90%
138% 138% 13854 138% *138 138% 138%
138% 138% 138%
5114 52% *50
52% 51% 52% 52
52% 51% 51%
9714 97% 97% 97% 97% 97% 97 % 98 *97% 98
*
!
6% *0 %
7
*6%
*6%
0%
4 m 415% 46%
4(5% 40% 40% 46% 47
40% 47
5814 58% 57% 58% 58
58% 57
5-8% 56% 57%
27% 27% 27% 27% 27% 28% 27% 28% 27 % 28
52% 52% 52% 52% 52
52% 52% 52% 51% 52%
19% 19% 19% 151% 18% 19% 19
19% mi 19%
40% 41
40% 40% 38% 40% 39
39% 39% 39%
89
8934 88% 88% 89% 89% 88% 88% 80% 87%
56
50
57
50% 57
(50
59
59%
72% 73
72% 73% 73% 73% 73% 74% 74% 74%
74 Si 74% 74%
75% 75-% 7(5% 754^ 70% 76
70%
mi 16% 10
16% 15% 10% 14% 15% 14% 14%
*90
90%. 89% 90)4 89% 90
90
89%
89%
90%
118
H8%|1 J8‘4 118% 118% 118% 119 119 118% 118%
14% 14% 14
14% 14% 14-% 14% 15
14% 14%
15% 15% 15% 15% 15% 15% 15
15% 15
15%
*
110
110
2<%
17%
-
*109
27%
18%
47% 49%
pref.
These
81%
57
52
85
,
St.L. A S.Fran.
do
pref.
do 1st prf.
Sutro Tunnel.
Union Pacific..
Wabash
West. Un. Tel.
*
84%
110%
51%
91%
64%
Ciiie.M.& St.P.
do
prof.
I
52
84
84
9%
11)4
»%
11%
....
....
149
110
150
150
109
109% 109% 109
*09% 109%
27% 27% 20% 27% 20
2(5% 25% 20
18
19
18
18% 17% 18% 10% 17%
48% 49)4 48% 49
47
48% 40% 47%
...
11%
9
....
11%
....
9
11
22
11
....
22
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
78% 7(5% 70% 70% 75% 70% 75% 7(5
75% 70
35% 37% 3(5% 38% 30
30% 35% 30% 35
30%
92% 92% 91% 92% 91% 92% 91% 92
91
91%
the prices bid and asked; no sale was made at
the Board.
Total sales this week, and the
range
since Jan. 1, 1879, were as follows:
Sales of
Week.
Shares.
Canada Southern
Central of N. J
Chicago A Alton
Chic. Burl.A; Quincy.
Cliic. Mil. A St. P
do
do pref.
Chicago A Northw..-.
do
do
pref.
Chic. Rock Isl.A Pac
Clev. Col. Cin. A Ind.
Clev. A Pittsb.,gunr.
Col. Chic.A Ind. Cent
Del. A Hudson Canal
Del. Lack. A Western
Erie
do pref
Hannibal A St. Jo
do
do pref.
Illinois Central
Kansas Pacific
Lake Shore
Michigan Central
Missouri Kan. A Tex.
Morris A Essex
N. Y. Cent. A Hud. It.
Ohio A Mississippi...
Pacific Mail
Panama
Pitts. Ft. W. A Chic!.
St. L. I. Mt. A South.
St. L. K. C. A North.
do
pref.
St. L. A S. Francisco.
200
7,765
Range for
1878.
45% Jan.
33% Jan.
Highest.
Low.
*N.Y.L.
ErieAW.May
Pad.AElizabefht. 1st wk J’ne
Pad. &
121,833
24,389
26,827
63% Mch. 15
5434 June 16
38
676,020'
2,573,590
793,936
585,108
69,060
36,922
90,341
124,837
684,119
1,962,192
1.292,321
-845,399
1,358,000 1,172,961
5,197
.5,498
6,442,099
1,435,974
1,292,681
935,934
730,140
5,872,678
135,518
92,450
111,161
49,509
90,408
139,524
732,839
113,509
Memphis.. 2d wk J’ne.
3,746
3,574
68,693
Pennsylvania
.May
2,708,695 2,503,442 13,023,249 12,071,738
Phila. A Erie
May
264,409
238,024 1,142.540 1,042,628
Pliila. A Reading,May.
1,332,547 1,286,014 5,351,653 4,171,766
St.L.A.AT.H.(brs)4tk wk J’ne
6,940
9,627
245,064
225,275St.L. Iron Mt. AS.June
283,310
254,749 1,930,484 1,869,217
St. L. K. C. A No
4tli wk J’ne
..
.
.
St.L. & Southeast. 1st wk J’ne
St.Paul AS.City.May
Scioto Valley
.tune
Sioux: City A St.P.May
Southern Minn...May
Tol.Peoria&War. 4th wk J’ne
Wabash..
June
*
May figures in 1879
are
35,872
22,091
55,414
28,258
30,170
50,140
17,016
300,431
50,405
24,246
58,131
27,576
33,215
81,769
21,172
300,572
1,509,099 1,510,095
465,025
466,587
247,581
238,370
145,035
117,705
131,149
149,750
212,537
320,350
574,267
613,042
1,959,289 2,187,390-
estimated.
Exchange—Foreign exchange has been very dull. To-day,
the actual rates for business are
4.35f@4.£6 for sixty days’ bills,
and 4.87^@4.87f for demand.
For domestic bills the
following were rates on New York
at the undermentioned cities
to-day : Savannah—selling, £ pre¬
mium ; buying, £ premium.
High.
July 11.
3
2,508,862
£.
j
Lowest.
Nashv.Cli.&St. L.May
116,086
Charleston—buying, 3-16 ; selling,
New Orleans—commercial, £ premium ; bank, £ premium.
St. Louis, 25 premium.
Chicago—firm; buying, 1-10 discount;
selling, 1-10 premium; and Boston, par to 9 pence discount.
The quotations for foreign
exchange are as follows :
in prices for 1378 and
Prices since Jan. 1, 1879.
do
(Iowa)..June
Int. &Gt. North..4th wk J’ne
Kansas Pacific—4th wk J’ne
Mo. Kans.A Tex..1st wk
July
Mobile A Ohio... .June
60
45*2
45*4
dajrs.
-
f
Demand.
2
Prime bankers’ sterling bills on London. 4.86 6
13*2
4.86*2
4.88 ®4.8812
1.1 82
75
Mch. 3 88
Jan. 28
Good bankers’ and prime commercial...
({634 £5
4.85*2®4.86
4.87*2'®4.S8
•184 lllis Jail.
7 122*4 Feb. 10 90*4 11434
Good commercial
4.85 6)4.85*2
®
—
34 3g Jan.
117,087
4
54% June 23 27*2 54% Documentary commercial
6>
—
®
—
i>,618
74% Jail.
4 03 Or June 16
64
8434 Paris (francs)
5.20 ®5.17*2
5.17^^5.15
61,600
3! 077sJunel0
405s Jan.
32% 55*4
Antwerp (francs)
5.20 6/5.17*2
5.17*2^5.15.,
5,025
3
70% Jan.
08*4 June 12 50%!. 79*2 Swiss (francs)
5.183465.16*4 5.1614@5.1478
672 110
Jan.
8 141
Amsterdam (guilders)
May 23 083s 122
40*4®
403s
403q@ 40
2,416
34% Jan.
2
55
May 21 23
38*4 Hamburg (reichmarks)
95 ® 95 %
95 *e® 95 jh
1,064
2
841*2 Jan.
08 *2 May
Frankfort (reichmarks)
6 63*2 85
95 ® 95.*8
95 hi Tv 95^
5
Jan.
4
0
Apr. 20
2*8
03s Bremen (reichmarks)
95 ® 95*8
95i^ 95 3*
38
1,533
Jan.
2
51 3q June 2
Berlin (reichmarks).
3438
50%
95
®
95*8
0
95*2® 95%
43
24,720
Jan.
00*2 June 2 41
6178
34,440
4
21!8 Jail.
29*4 May
22*o
5
7*s
The
are quotations in
0
4,651
gold for various coins:
371-2 Jan.
54
May
5 21*2 38
6,500
Sovereigns
4
* $4 86
13q Jan.
Dimes A *2 dimes. — 99 'a)
®$4 90
2334 May 23 10
1678
par.
3 85
34
12,710
'a) 3 90
Jan. 10 45*2 May 23 21*8
Silver 14s and *2S. — 99%®>
41*8 ( Napoleons
par.
X X Reichmarks. 4 73 ® 4 78
.2,143
7914 Mch. 20 90
Five
fraucs
—
®
July 2 723s 87
93
95
X Guilders
3 93 ® 4 00
2,600
913 Jan. 21 60
Mexican dollars.. — 90 ®
4
Apr. 30
12*8
901*3
15
67
Span’ll
Doubloons.
55
-@15
30,825
Jan.
6
80
7034 June 13 55% 71*8
English silver
4 75
® 4 80
Mex. Doubloons.. 15 50 ® 15 65
11,150
7334 Jan.
2
Prus. silv. thalers. — 68
00*4 Jan. 27 53*2 75
®
70
Fine
0
silver
5 ;J8 Jan.
bars
1 13*4® 1 14
11,570
4
Trade dollars
18*4 May 15
98
99%
7*8 Fine gold
bars....
3,404
75*8 Jan.
3
03
June 10 673s 80
par.® i4Prem. New silver dollars — 99% a>
par.
840 112
Mch. 24 121*4 June 14 10334 115
Boston Banks.—The
3,010
4
7?4 Jan.
are the totals of the Boston
6 34 11*4
16*8 May 10
4,005
banks for a series of weeks past:
103g Jail. 13 1834June 6 12*2 23 7e
10 123
Jan.
2 150
May 20 112
131
Loans.
171 101
Jan.
4 112*2 May 21
Specie. ! L. Tenders. Deposits. Circulation..Agg. Clear.
85
102
1819.
£
13
4,320
$
Jan.
2
£
£
30*8 May 23
5
£
£
15*8 Jan. 27.
136,790,600
5.230.200
7
36,708
Jan.
3,822,500
2
10
63.747,200 25,500,100
July 8
3*2
43,763.114
7*8
Feb.
3.
9
46,640
139.979,500
3,927.500
5,127 900
25% Jan.
40*2 July 8 19
64,796,300 25,486,600
2 6*2
41,620,628
Feb. 10. 139,('91,100
500
3.816,200
■4,720,20)
3*8 Jan.
8
64,190,100 25,566,800
113s Api*. 21
1*2
47,534,4054*8
do
Feb. 17. 144,930,0( 0
4,4
pref.
3,7(8,300
4% Jan. 21 13*2 Apr. 21
1,700
6,500
69,770,300
25,545,800
47,(30,361
1*2
5*4 Fe 1. 24.
do
1st pref.
100
143.799,200
3,645,100
934 Jan. 23 28*2 Apr. 10
4,273,300
68,215,9(0 25,481,100
45,334,530
5*2 1134
Sutro Tunnel
3.
Mar.
141,969,200
3,025,7(-0
23^ Jan. 16
9,200
4,324,300
70,326,700 25,399,700
478 Mch. 17
5
46,349,291
3*2
Union Pacific
Mar
10.
141,623,-01
3,664,500
4,252
4,6)(', 500
57% Jan. 31 81
67,028.300 25,613,100
Feb. 10 61*4 73
48,733,821
Wabash
141,308,300
3,649,900
52,035
1734 Mch. 13 30*8 May 21 12*8 23 7s Mar. 17
4.750,300
65.677,100 25.562,000
45,739,465
Western Union Tel..
Mar.
24.
140.442,800
3,620,800
xOl June 24 116
11,648
4,713,610
64,050,100 25,445,50(1
Juiie 11 75*4 102
46,907.569
Mar. 31. 140,033,100
3,644.000
4,59),000
63,435,100 25,438,200
£9,857.020
Total sales of the week in
Apr. 7. 139,001.101
3,C46,200
4,294,700
64,221,500 25,827,800
stocks were as follows.
44.676,942^
Apr. 11. 133,300,400
3,684,' 00
3,805,800
63,371,010 26.0:4,200
47.207,592
Apr. 21. 137,469,400
St.
3,65->.800
North¬ St. L. K. St. L. K.
3.4a3,;oi
62,99 r, 000 26,215,000
51,936,677
Lake
Wabash
Apr. 28. 134,192,(00
Erie.
Paul.
3,827,800
3,627,700
west.
C. A N. C.AN.pf
60,252,400 26,^.30,200
47,978,840
Shore.
May 5. 133,22^,500
3,600,100
3,863,000
60,623,900 26,299,600
50,505,511
12.
May
132.953,200
3,593,
COO
4,194,300 *42,8-5,800 26,228,800
50,552,(117
day ....
i
May 19. 130,296,000
3,556,100
3,589,200 *44,103,900 26,218,400
49,456,247
11,490
“
26.
8
130.331,800
May
3,577,700
21,310 26,200 11,570 11,395
3,165,800 *44,101,2 0 2\369,200
46,516,810
9,550
“
2,035
2,500 June 2. 129.489,000
0
3,563,400
8,300 16,200
3.886,700 *43,895,000 26,437,800
8,300
44,(33,227
5,109 10,645 15,145
“
0*650
June
9.
10
129,973,501
4.800 31,057 11,650
3,948,500
4,168,200 *44,391,200 26,569,000
51,329,031
4,105
5,535
“
9,825 14,610 June 16. 130,510,500
11
3,559,400
4,165.501 *43,997,000 26,701,100
3j / 2c 20,650 25,110
4,600
49,413,5706,110
3,725 11,365 June 23. 130,963.600
3,557,700
4,118,400 *43,6l'6.-100 26.875,100
45,176,053
June 30.
Total.
3,547,400
4,433,500 * >4,795,300 26.578,300
52,035 117,087
47.775,068
36,708 46,640' 34,440 36,825 July 7. 130,583.300
Whole stock. 160,000 154,042 149,888 120.000
134,821,800
3,5£5,2u0
4,717,100
*45,332,100 2^,640,000
51,738,637
*
120,000 771,077 494,665
Othei than Government and banks, less
Clearing-House checks.
—
..
—
—
J*
...
following
...
....
..
—
following
'
leading
\
a
*
14,80*6
*3,71*6 *1,7*00
61,690'
..
•
The total number of shares of stock
last line for the purpose of
outstanding is given in the
comparison.
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the
gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the
heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and
including, the period men¬
tioned in the
second column.
Atch.Top.
Atl. A Gt.
Philadelphia Banks.—The totals of the Philadelohia banka
follows:
are as
187 9.
Jan. 27.
Feb. 3.
Feb. 10.
Feb. 17.
Feb. 24.
Mar. 3.
Mar. 10.
Mar. 17.
Mar. 24.
Mar. 31.
<
/—Latest earnings reported.—>
Jan. 1 to latest date.—<
Week or Mo.
1879.
1878.
1879.
1878.
A S. F.4thwk J’ne $103,500 $68,769
West...May
319,013
287,417
130,979
125,208
30,874
29,723
154,154 146,362
Cairo ASt.Louis.-2a wk J’ne.
4,399
4,091
Central Pacific...June
1,377,000 1,393,852
Chicago & Alton. 4tli wk J’ne
95,956
90,148
Chic. Burl. A Q... April
1,018,755 1,118,736
Chic. & East, Ill.. 4th wk J’ne
16,219
13,074
Chic. Mil. & St. P. 1st wk
July 171,000 151,497
Chic. A Northwest June
1,389,300 1,069,142
Chic. St. P. & Min.4thwk J’ne
27,153
20,321
Clev.Mt. V. AD..2d wk J’ne.
8,128
7,149
Dakota Southern.May
18,261
19,039
Dubuque A S.City. 4th wk J’ne
15,847
17,601
Atlantic Miss.&O. May
Bur. C. Rap. & N.. 4th wk J’ne
Burl.AMo.R.in N. April.
*
“
$2,772,474 $1,508,577
613,239
653,824
562,289
98,423
7,750,729
2,178,912
4,177,968
4,206,000
6,958,140
510,905
164,356
90,003
392,538
641,716
793,531
498,737
98,424
7,834,105
2,003,895
4,245,185
r*
Apr. i
Apr. If.
Apr. 21.
Apr. 23.
.
May
May
May
4,407,500
7.055,206
426,485
163,712
87,721
i
488,803'
5.
12.
19.
May 26.
June 2.
Jnne 9.
June 16.
Jute 23.
Ju e 30.'
July
r*
i
•
Loans.
8
57,614.478
57,138,02)
56,743,634
56,992,785
57,012,193
57,600,832
5S, 268.23 4
58,486,555
58,506,715
Lawful Money.
8
16,549,118
15,754,299
15,947,766
15,9)9,655
61.740,307
15.790.181
62,221,496
1.6,205,151
60,548.117
60,122,582
60,174,972
59,914,320
60,160,886
60,9:5,891
61 429,856
61.917,078
62,036382
45,263,816
45,686,154
45,273,026
44,946,027
44,576,403
45,378.745
46,028,633
46,336,572
45,763,478
45,256.362
45,111,747
46,552.535
47,2:38,85*2
47.044,599
47,626,868
47,786,056
49,! 43,4 0
49,633,284
49.941,603
50,383,092
50.721,250
15,914,566
61,8.0,186
60.554,971
£
15,688,053
15,950,850
15,859,150
15,360,5.66
14,890,99)
13,701,7 £2
14,0*22.748
14,516,885
14.369,637
14,9 48,9-9
15,353,553
1S,P8,6?8
15,919,569
15,93^,439
15,790,7u7
15,883,014
15,311,613
59,006.342
59,994,059
Deposits. Circulation. Agg. Clear.
.
'
*
$
£
11,325.5*2
11,310,79.)
11,309,855
11,306,127
11,338,434
11,321,223
11,347,059
11,355,472
29,942,358
30,7)8,1 62
33,163,572
30,293,686
27,312.892
31,157,942:
36,371,591
29,556,598
31,233,063
11,361,550
11,4-22,038
11,520,122
11,509,940
11,516,236
11,508,643
11,4-8.821
11,492;: 97
11,476,011
11.465,857
11,449,130
11,431,493
46.7SJ.676
29.945.441
38.653.745
30,561.240
38.407.056
34.295.148
37,642,885
40.016.138
38.955.672
39.353,762
31,805,486
11,424 901
38,801,535
49.713.1 S3
11.337.218
50,309,722
11,>83.10)
11,398,306
37.5*9.233
34,442,141
51.378,936
37,189,094
4-
5
July 12,
1879.]
the chronicle.
New York City Banks.—The
following statement shows the
condition of the Associated Banks of New York
City for the week
ending at the commencement of business on July 5,1879 :
Capital. Loans
and
discounts.
New York
Manhattan Co.
Merchants
Mechanics’
Union
America.
Phoenix
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
Fulton
Chemical....:
Merch’nts’ Exch.
Gallatin Nation’l
Butchera’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
600,000
808.200
300,000
2,269,000
800,000
5,000,000 13,512,000
Commerce
5,000,000 13,157,000
5.833.600
1,000,000
Broadway
Mercantile
1,000,000
3.451.600
Pacific
422,700
2,252,000
Republic
1,500,000
3,975,900
Chatham
3.227.200
450,000
People’s
1.209.800
412,500
North America..
1.974.200
700,000
Hanover
5.895,000
1,000,000
Irvin*?
500,000
2.288.800
Metropolitan
3,000,000
9,984,000
Citizens’
600,000
1.676.100
Nassau
1,000,000
1.908.700
Market
500,000
2.250.300
St. Nicholas.......
500,000
1,927,800
Shoe & Leather..
500,000
3.348,000
Corn Exchange.. 1,000,000
3.697.700
Continental
1,000,000
4,016,400
Oriental
300,000
1.402.600
Marine
400,000
2.366.300
Importers’ & Tr.. 1,500,000 16,261,100
Park
2,000,000 12,189,300
Mech. Bkg. Ass’n
500,000
571,500
Grocers’
225.000
564,200
North River
240,000
706,700
East River
827,400
250,000
Manuf’rs & Mer..
388,000
100,000
Fourth National. 3,200,000 14,819,000
Central Nat
7.753,000
2,000,000
Second Nation’l.
300,000
2,353,000
Ninth National..
750,000
4,008,700
First National..
500,000
8,686,000
Third National.. 1,000,000
6.898.700
N. Y. Nat. Exch..
1,231.000
300,000
Bowery National
250,000
1.221.100
N. York County..
200,000
1.171.300
State of N. York.
American Exch..
....
Germ’n Americ’n
Chase National..
Total...
.
750,000
1.977.700
300,000
3,065,000
1,079,200
281.300
184.100
1,562,000
203.300
156.900
Loans and discounts
Inc..
Inc..
Inc..
following
1878.
Nov. 9... 240,224,200
Nov. 16... 237,645,500
Nov. 23... 234,917,700^
Nov. 30... 236,438,400
Dec. 7... 239,815,500
Dec. 14... 238,047,200
Dec. 21... 235,974,100
Dec. 28... 235,824,400
1879.
...4
Jan.
234,250,000
Jan. 11... 230,682,000
Jan. 18... 233.168.400
Jan. 25... 284.416.200
...1
Feb.
233.241.400
Feb. 8... 242.280.200
Feb. 15.
244.186.500
Feb. 21... 244,007,000
Mar. 1... 246.716.900
Mar. 8... 247.674.200
Mar- 15... 246.324.500
Mar. 22... 243.839.800
Mar. 29...
240.458.500
Apr. 26...
3...
10...
17...
24...
31...
June 7...
June 14...
June 21...
June 28...
July
5...
$
9.625.600
5.149.900
5.880.500
5.596.400
2,787,000
358,000
2,286,000
7.321.600
1,786,300
1.151.200
10,855,800
1,816,000
161.300
222,000
1.519.500
755.600
353.800
83,000
187,500,
40,000
198,000
15.600
144.500
200.700
337.800
62,800
139.400
6.700
438.300
1,195,000 1,780,000
1,550,400 4,623,000
370.800
667.300
369.400
412,200
•67,400
445,000
127.300
395,000
105.200
704.700
54,700
278.300
80,000
276,000
538,600
844.600
124.100
465.500
488,000 2,118,000
107.800
408.300
29.200
220,100
20.900
456.700
24.600
376,900
304,000
544.700
74.900
422,000
5,000 1,004,900
29.200
160,000
38,000
598,000
1,011,900 3,651,700
1,068,500 3.514.800
41.200
52,200
5,000
134.400
46,500
113,000
87.600
117.700
1,000
70,700
1,120,500 3.322.500
448,000 1,890,000
176,000
488,000
630.100
841,100
1,425,900 1,147,900
908.300 1.150.800
120.300
70.600
37,000
267,000
7.700
813.700
120.700
251,000
76.600
441.500
$3,507,000
Net
223,200
2,642,000
Specie.
26,373,200
25,405,400
23,414,400
22,967,400
20,169,700
20,882,900
20,911,500
20,514,100
a
493,000
400
74,900
44,500
129,000
6.840.600
3.206.600
2,017,000
993.600
944,000
716,500
2,022,800
739,700
1.754.800
10.517,000
10.726.100
4,085,200
3.154.800
2.142.400
2.143.900
3.176.800
1.258.200
1,879,100
5.821.500
2.227.600
9,984,000
1.914.800
1,768300
1.753.600
1,476,700
3.424.600
2.428.500
3.797.400
1.220.200
2,384,000
17.358.100
15,453,600
424,000
574.800
763.600
685,400
392.600
14,399,900
7,506,000
2,500,000
3,903,200
9.253.800
7.169.600
748,300
966.800
1.163.600
1.744.800
1,100
255,000
779,000
539.000
528,700
249,900
196,000
2,700
433.500
35,000
45.000
260,000
1,574,400
839,200
179.500
898,600
378,000
5,400
2,186,000
244,300
3,900
356,100
450,000
445,000
4,700
779,200
354,800
1,105.900
533,700
307,300
142,600
1,045,900
1,468,000
269,000
509.400
45,000
799,000
269,200
224.400
180,000
270,006
2,038,500
$
39,155,400
39.933.200
40.588.200
41,275,700
39,961,000
40,478,500
39,600,000
40,767,000
20,986,200
41,832,600
18,962,400 45,055,400
17,344,600
17,431,700
18,633,300
17,849,300
18,059,500
17,931,300
16,456,500
16,945,200
17,312,400
18,803,700
18,446,800
235.836.600 18,365,000
230.442.900 18,903,900
231,151,300 18,875,600
231,096,900 18,228,100
239.357.800 18,516,200
242.941.600 18,745,600
253.838.500 18,763,900
257.636.500 18,802,400
257.272.800 18,785,400
258,332,700 18,996,700
256,291,000 18,780,900
255.901.600 19,296,900
253.575.500 19,666,400
257,082,500 19,889,600
49,965,800
53,599,600
54,048,800
51,135,400
48,884,800
45,377,000
42,651,800
40,593,800
39,173,400
36,972,600
34,268,900
31,815,800
36,145,400
40,672,100
45,224,500
49,440,500
53,576,700
49,150,900
43,284,900
41,791,400
42,822,800
44,851,900
43,859,400
46,902,600
49,544,600
are as
follows
Inc.
Inc.
:
$9,893,700
171,600
210.737.600
19.905.400 408,903,425
209,752,100 19.909.400 460.572.737
207,184,800 19,961,900 404,037,742
206,797,200 20,007,000 368,238,659
207,058,600 20,058,200 436,695,221
206,134,400 20,141,600 380,741,510
203.625.600 20,077,000 421,244,872
203,209,700 19,576,700 325,696,134
411,598,790
424,413,225
486,222,549
507,331,749
611,674,082
493,410,515
452,720,433
434,908,904
516,297,775
501,321,270
400,417,429
413.892.738
399.872.657
461.180.657
423,259,559
487,843,450
503,108,030
546,798,625
591,290,770
598,238,201
529,996,936
439,750,395
472,828,088
450,084,041
456,961,901
432,735,690
432.526,468
^DOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
securities.
BOSTON.
Maine 6s
New Hampshire 6s
Vermont 6s
Massachusetts 5s, gold...
Boston 69, currency
do
58, gold
Chicago sewerage 7s.. ..
do
'Municipal 7s
.
..
....
Portland 6s
Atch. &
do
do
Bid. Ask.
Hartford & Erie 7s. new
So ~
Ka^. City. St. Jo.& (J. B. "s.
98
9j*4
New York & New Eng. 7s
105% 10oj*
Ogdensburg & Lake Ch. 8s...
Old Colony, 7s
do
6s
Omaha & S. Western,8s
117
Pueblo & Ark. Valley, 7s
:oifc 1£4%
Rutland 8s,1st mort
80
Vermont & Canada, new 8s..
Vermont & Mass. UR., 6s
....
11*4%
Tcpcka 1st m.7s.
in%
land grant 7e 113
STOCKS.
113%
2d78
1113% 113% AtchDon & Topeka
do
land inc. 8s.. 103
109
Boston & Albany 7s
121
Boston & LowelJ..
do
6s
Boston & Maine
111%
Boston & Lowell 7s
110
Boston
& Providence.
115%
Boston & Lowell 6s .;
Boston & Maine 7s
319
Cheshire preferred
boston & Providence 7*
Chic. Clinton Dub. & Min....
Burl. & Mo., land erant 7s..... 115
115% Cin. Sandusky & Clev
do
Neb. 6s
!
Concord
106%
do
Neb.8s, 1883
Connecticut River
Conn. & Passumpsic, 7s, 1897.
1| Conn. & Passumpsic
1
Eastern, Mass.,8^s, new.
Eastern (MasB.)
78% 7J
•••
i
109% 109*4
136
130%
117
117
28
33
7%
....
....
....
...
....
...
Fitchburg RR., 6s
do
Kan.
7s
City Top. & W., 7s, 1st
-do
do
7s, Inc
Eastern (New Hampshire)...
118*4
-
....
....
115
Fitchburg
117*4
SO
41
soM
141
142
44% 45
15% 16
115
..
101
103
do conv. 78, !89S*
do
7s, coup, off, ^
"39
119*4 Phil.* R.Coal* Iron deb. 7s,92
Ggdensb. & L. Champlain ... 15
do
15*4
deb. 7s. cps.off
do
56
pref.. 53
do mort., 78, 1892-3......
Old Colony
105
105*4 Phila. Wilm. * Balt. 6s, ’84....
Portland 8aco & Portsmouth 100
Pitts.Cln.&St. L. 7s, cou.,lS0G 1C9% 109*4
Pullma < Palace Car
Shamokin V.& Pottsv. 7s, 1901
Pueblo A Ark msas
57
57% Stenbenv. & Ind. 1st, 6s. 1884. 10«*4
Rutland, preferred
Stony Creek 1st m. 7s 1907...
Vermont & Massachusetts..
118
Sunb. Haz. * W.,tst m.,58/23
85
Worcester A Nashua
31
Sunbury & Erie 1st m. 7s, ’97..
Texas
*
Pac.
1st
m
ioi
,6s,
g.,1903
PHILADELPHIA.
do
cons. m..6s,g.,1905
STATE AND CITY BONDS.
no
Inc.* 1. gr ,7s 1915
Penna. 5s, g’d, int.,reg. or cp
104
Union*Titusv. 1st m. 7s, ’90. 49
50
do
5s, cur., reg
United N. J. cons. m. 6s, ’94..
do
58, new, reg., 1892-1902 HI
112
Warren * F. 1st m.7s, ’96
86
S4%
do
68,10-15, reg., 1*77*’82. 99*4
West Chester cons. 7s, ’91
117
118
do
6», 15-25. reg., l882-’92. 107*4 103
West Jersey 6s, deb., coup.,’83 100
104%
do
6s. In. Plane, reg.,1879
do
1st m. 68, cp.,’96
Philadelphia, 5s reg
do
1st
m. 7s,’99.....
do
6s, old, reg....
Western Penn. RR. 6s,ep. 1899 102*4
do 6s,n., rg., prior to’95
do
6s P.B.,’96. 102
do 6s, n.,rg.,1895 & over 120
121
33
34
....
CANAL BONDS.
Allegheny County 53,coup...
Chesap. & Dela. 1st 6s, rg.,’86
Allegheny City 7s, reg
Delaware
Division 6s, cp.,’78.
Pittsburg 48, coup., 1913
do
5s, reg. A cp., 1913. 89
91
Lehigh Navlga. m.,6a, reg.,’84 107*4 108
do
do
mort. RR., rg.,’9" 110
6s, gold, reg
110%
do
do m. c0.1V. g., rcg.,’94
7s, w’t’rln,rg.&c >. 115
116
do 7s, str.tmp., reg.,’33-86. 106*4 107
do mort. gold, ’97... 102
i mi
N. Jersey 6s, reg. and coup...
do cons. m.7s,rg.,191! 94
95
do
Morris, boat Joan, reg., 1885..
exempt, rg. A coup.
Camden County 6s, coup
Pennsylvania 6s, coup., 1910. 74
74*4
Camden City 6s, coupon,....
Schuylk. Nav.lst rn.6s.rg.,’97.
do
do
2d m. 6s, reg., 1907
7s, reg. A coup
75
do 6s, boat*car,rg.,19',3 72*4
Delaware 6s, coupon..
105*4
do 7s, hoat*car.rg.,l9i5
Harrisburg City 6s, coupon..
75*4
Susquehanna 6s, coup.. ;9.8 .* 74*4
RAILROAD STOCKS.t
Camden A Atlantic
45
BALTIMORE.
do
do
pref
4S
Maryland 6s, defense, J.& J.. 108*4 109
Catawis8a
do
12
6s, exempt, 1887.... no
do
pref
do
42* 43*4
6s, 1890, quarterly.. 108
do
new pref
do
41*4 42
58, quarterly
luO
Delaware A Bound Brook....
Baltimore 6s, 1S8I, quart..... 107
100
111
East Pennsylvania
do* 6s, 1886, J.&J
107
111
Elmira & Williamsport
32
do
35
6s, 189J, quarterly... m% 115*4
do
do
pref.. 46
do
6s, park, 1890, U.—M. 115
Har. P. Mt. Joy & Lancaster.
do
6s, 1893, M.&S
116
ao
Huntingdon* Broad Top... "m
4
6s,exempt,’9S,M.*S 118
120
do
do pref.
do
8
1900, J.&J
116
116*4
42
do
Lehigh Valley
1902, J.&J
116
117
Little Schuylkill
48
Norfolk water, 8s.
116
Mlnehlll
52*4
RAILROAD STOCKS.
.
115*4
105
••*
s*
a*
105
Nesquehonlng Valley
Norristown
Northern Pacific
13
do
pref
North Pennsylvania
8*
13*4
43
47
40% 40%
Pennsylvania
9
Philadelphia & Erie....
8%
19* 19%
Pnlladelphia & Reading
Philadelphia & Trenton
Phtla.Wilming. A Baltimore.
5%
Pittsburg Titusv. & Buff
fct. Paul & Duluth R.R. Com
40
do
do
pref.
United N. J. Companies
144% 145
West Chester consol, pref....
West Jersey
S*
Delaware Division
24*
Lehigh Navigation
Moms.
do
pref
24%
135
Pennsylvania.
Schuylkill Navigation
do
7%
RAILROAD BOND8.
Allegheny Val.,7 8-10s, 1896... 114*4
do
7s, E. ext., 1910
do
inc. 7s, end.,’94. 35*4
Belvidere Dela. 1st m., 6s,1902.
do
2d m. 6s. '85..
do
3d m. 6s, ’37..
Camden & Amboy 6s,coup,’83
do
6s, coup.,’89
do
mort. 6s, ’89
Cam. & Atl. 1st m. 7s, g., 1903
do
2d m., 7s, cur., 1879
Cam. & Burlington Co. 6s,’97.
Catawissa 1st, 7s, conv., ’82...
do
chat. m.,10s, ’88
do
new7s 1900.
Connecting 6s, 1900-1904
115
ib7>4: io8
103*4
......
E1.& W’nisport, 1st m., 7s, ’SO.
do
58, perp........
112% 112*4
m5
BOND8.
.
109
112
115
People’s Gsb.
CINCINNATI.
do
do
do
do
49
do.
do reg., 1893... llo
117
do 21 m. 7s, reg., 1910.. 122%
f
i
7‘80s.+
do
Cin. & Indiana 1st
do
7s
m.
2d m.
7s, ’77.
107
115
13%
103
113*4 114
103*4 104
100
100
107
102
no
100*4
ioi
100
65
70
+ 102*4
87*4
2d
3d
m.
m.
7s,’84.+
7s, ’88+
100
do
do
1st m.,
98
100
1905.+
1st m. 6s, 190.) +85
90
Ind. Cin. & Laf. let m. 7s
80
75
do
(I.&C.) lstm.7s,’8S+
Little Miami 6s, ’83.
+ ioo
101
Cin. Ham. & Dayton stock...
32*4 35
Columbus & Xeula stock
112
115
‘30*4
32%
LOUISVILLE.
Louisville 78.
do
do
6s,’82 to’87
68, ’97 to ’93
+ 104
107*4
+ 101% 102
f 10W 102
+ 101*4 102
6s,’97.+ 101% 102
do
f 101*4 102
do
spec’l tax 6s of ’89.+ 101% 102
Louisville Water 6s, Co. 1907 + 105*4 106
do
do
water
6s,’87 to ’89
water stock
wharf 6s
Pa.&N.Y.O.& RR.78,1896
i.20
Pennsylv., 1st m., 6s, cp., ’80.. 103
lo3*4 Jeff.M.&I.l8tm.(I*M)7b,’8lt
do
2dm., 7s
105
do
gen. m. 6s, cp., 1910.
do
lBt m.,78,1906....+ 112*4
een. m. 6s, rg., 1910. 116
do
Loui8V.C.&Lex. 1st m.7s,’97+ 110
do
cons. m. 6*, rg., 1905. 109
do
cons. m. 6s. cp., 1905. 107
107*4 Louis.& Fr’k.,Louisv.ln,6s,’8! 101
Louiev. & Nashville—
do
Navy Yard 6s, rg,’S1
Leb. Br. 6s. ’86
+ 102
Pe n. <o ,6s. reg
I
l8tra.Leb.Br. Ex.,7s,’80-85.+ 103
Perkiomen 1st m.63,coup.,’97....
Lou.
In.
do
Phila. & Erie 1st m.6s, cp.,’8i. 105*4
6s,’93...+101*4
Jefferson Mad. & Ind. stock. 103*4
do
2d m. 7s,cp.,’S8. 107
108
ST.
LOUIS.
Pbila. & Read, lst-m. 6s, ’43-’44. 102% 103
St. Louis 6s, loug
do
do
’48-.49.
+[104
do
2d m., 7s, rp., Sf
do
water 6s, gold
+t 106
do
do
do
do
new.+ 106
dcben., cp.,’fS'
do
do
do
32
34
bridge appr., g.6s + 106
cps. ot.
do
67
do
68
renewal, gold, 6s.t 106
scrip, 1832.
do
In. m.7s, cp,1896 69
ao
sewer, g. 6a, ’9:-‘2-3.f 106
do cons. m. 7s, cp.,1911.. 111
St. Louis Co. new park,g.6s.t 107
112
do cons. m. 7s, rg.,1911.. 112
do
cur. 7s
+
112*4
...
_
% Per share.
15%
111
102
13%
Dayton & Michigan stock.... 31
do
8. p.c. st’k, guar 101%
6s,rg.,1923 !07
107% Little Miami stock
106%
6s, *■ p.,19.3 106* 107%
Little Schuylkill, 1st m. 7s,V2
North. Penn. 1st m. 6s, cp.,’85. 107% D9
do
2d m. 7s, cp., ’96. 11**4 119
do gen. m. 78, cp., 1903. 113
In default.
91
38
Dayton & West. 1st m., ’81...+
...
....
iio
108
+ 100
7s..
7*808
South. RR.
do
do
Miss., 1st in., 7<, g.*
Lehigh Valley, lst.6s,cp.. 1898
do gen. m. 7s, reg., 190*3 114
Oil Creek tst m. 7s, coup.,’8i. 80
rittsb. Titusv. & B., 78, cp.,’96 30
do
scrip....
109*4
107*4
Colum. & Xenia, 1st m. 7s. ’90 104
Dayton & Mich. 1st m. 7s. ’81+ 101*4 102
i07
.
2d mort. 6s, 1900
Baltimore Gas certificates... 100
68, gold.f
Hamilton Co., O., 6s. long...t
ao
7s, l to 5 yrs..+
do
7 & 7*30s, long.t
Cln.& Cov. Bridge st’k, pref.
Cin. Ham. & D. 1st m. 7s, ’80
do
2dm. 7s,’85 +
Cin. Ham. & Ind., 7a, guar...,
102*4
Harrisburg 1st mor*. 6s, ’83..
H. & B. T. 1st m. 78, gold, ’90. 115
do
2d m. 7s, gold, ’95. 105
do
3d rn.con8.7s,’95*. 45
Ithaca* Athens 1st g d, 7s.,’SO ^
Junction 1st mort. 6s, ’82
do
RAILROAD
Balt. & Ohio 6s, 1880, J.&J....
1C0*4
do
6s, 1885, A.&O.
109
N. W. Va. 3d m.,guar.,’85,J*J 104
Plttsb.* Connells v.7s,’98, J&J
107%
Northern Central 6s. ’85, J&J 106
do
6s, 1900, A.&0. 109
do 6s, gld, 1900, J.&J. 102
Cen. Ohio 6s, 1st m.,’90,M.& S.
107%
W. Md. 6s, 1st m., gr.’90,J.&J. 112
do
1st m., i890, J. & J... 100
do
2dm., guar., J.& J
112
do
2d m., pref
90
do 2d m.,gr. by W.Co.J&J *.05
do 6s, 3d m., guar., J.& J. 112
Mar. & Cin. 7s, ’92, F. & A
90
do
2d, M. & N
87
do
3s, 3d, J. & J...... 15*4
Union RR. 1st, guar., J. & J..
do
Canion endorsed. 108
Cincinnati 6s
io5
104
Chartiers Val., 1st ra. 7s,C.,1901
Delaware mort., 6s, various..
Del. & Bound Br., 1st, 7s. 1905 114
East Penn. 1st mort. 7s, ’88 ..
con. m.,
Pittsburg * Connellsvllle..50
MISCELLANEOUS.
38
..
do
do
Ohio
100 110
111
do
Wash. Branch.100 140
do
l
Parkersb’g Br..50
6*
Northern Central
50 16*4 18
Western Maryland
50
5
Central Ohio
50 30
32
...
9*4
pref...
Susquehanna
do
Par.
04% Balt.*
105
L. Sup. &
SECURITIES.
Bid. A>k.
SECURITIES.
Phil.* R. con6.m.6s.g.i.i911.
b7*4
Chesapeake & Delaware
$
19.848.800
19,785,000
211.590.600 19.767.600
214.981.200 19.617.600
219.219.200 19.486.600
219.387.300 19.427.100
217.271.200 19.398.800
216.382.600 19.335.900
213.429.700 19.232.400
213,293,100 19,236,000
210.563.300 19.335.200
206,591,400 19.290.900
198.945.600 19.512.100
193.121.700 19,635,500
195.303.700 19.696.100
200,255,000 19.721.200
204.514.200 19.707.600
214.331.700 19.683.100
224.937.200 19,688,000
230.424.700 19.685.400
227,345,600 19,856;000
225,754,000 19,869,400
226,963,300 19,977,800
227,316,700 20,056,800
226,177,000 20,156,200
226,113,600 20,371,300
236,007,300 20,542,900
Bid. Ask.
SECURITIES.
CANAL STOCKS.
Deposits. Circulation. Agg. Clear
206,173,000
206.482.200
PHILADELPHIA., Etc.—Continued*
•
270,000
217,700
series of weeks past:
L. Tenders.
$
deposits
Circulation
the totals for
are
Loans.
$
May
May
May
May
May
tion.
60,800,200 257,082,500 19,889.600 49,544,600,236,007,300 20,542,900
Specie
Legal tenders
Apr. 5...
Apr. 12...
Apr.. 19...
other
than U. S.
2.374.500
1,766,300
874.600
1,214,200
478,000
1,720,400
The deviations from returns of previous week
The
Circula¬
$
799.700
560.200
295.400
552.900
292,000
11,282,600
3.660.300
3.631.800
1.240.300
1,091,000
788.200
2,689,000
Tenders
$
550,000
171.700
5.807.200
6,576,500
6.524.600
3.868.400
8.614.200
2,475,000
6.768.100
2,920,000
1.618.400
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
300,000
200,000
City
Tradesmen’s...
Specie.
10,402,000
Net dep’t8
Legal
BOSTON^
Nashua A Lowell
New York & New England...
Northern of New Hampshire
Norwich & Worcester
Average amount of
Banks.
37
+ And Interest.
if 6
113
110*4
101%
102*4
104
102*4
104
107*4
108
38
THE CHRONICLE.
QUOTATIONS
OF STOCKS AND
a previous page.
BONDS IN NEW YORK.
Prices represent the per cent value, whatever the
BONUS.
U. S. Bonds and active Railroad Stocksare quoted on
STATE
securities.
Bid.
Alabama—5s, 1883
5s, 1886.....’
Ask.
46
8s, 1886
8s, 1888
8s| Montg. & Eufaula RR.
8s, Ala. & Chatt. RR
46%
Glass
R, 5s
Class C, 2 to 5
Arkansas—6s, funded
7s, L. Rock & Ft. Scott iss.
7s, Memp. & L. Rock RR.
7s, L. R P. B. & N. O. RR.
7s, Miss. O. & R. R. RR...
7s, Arkansas Oentral RR.
Connecticut—6s
Georgia—6s
7s, hew
7s! endorsed
7s! gold
Illinois—6s, coupon, 1879...
72
53
V*
2
2
2
2
107
102%
110%
110
110%
100
Louisiunar-6s
6s, new
6s, new floating debt....
7s, penitentiary
6s, levee
8s, do
47k
8s, do of 1875
8s, of 1910
7s, consolidated
7s, small
Michigan—6s, 1883
7s, 1890
Missouri—6s, due 1882 or ’83
6s, due 1886
6s, due 1887
6s, due 1888
103
6s, due 1889 or ’90
112
Asylum or Univ., due ’92.
Funding. 1894-95
Hannibal & St. Jo., 1886..
Burl. Cedar
Rapids & No...
88
89k
35k
39
39
38
Chesapeake & Ohio
do
do
'do
do
1st
do
do
do
Harlem
Ind. Cin. & Laf
Keokuk & Des Moines.
do
do
pref.
Louisville & Nashville
Manhattan
Marietta & Cin., 1st pref...
do
do
2d pref...
Mobile & Ohio
Nashville Chat. & St. Louis.
New Jersey Southern
N. Y. Elevated, ex priv
N. Y. New Haven & Hartf.
Ohio & Mississippi pref
Pitts. Ft. W. & Chic, spec’l.
Rensselaer & Saratoga
St. Louis Alton & T. H
57k
—.
Wells, Fargo & Co
Quicksilver
do
pref
Atlantic & Pacific Tel
American District Tel
Gold & Stock Telegraph....
Canton Co., Baltimore
American Coal
Consolidation Coal of Md..
158'
54k
38
5k
....
143k 145k
36“ 37"
39“
34k
20
.
•
35
33
78k
20
108k
assent’d
.Am. Dock & Impr. bonds,
assented
•
•
102k
93
*
*
*
+
*
,
*
119
97k
96'
mi 69
80
80
...
.
112
107
124k!
Carolina—6s, old.J&J
7s, cons., gold bonds, 1920.
ex coup.,Sept.,’79 & prev
Long Dock bonds
Buff. N.Y.& E, 1st m., 1916
N.Y.L.E.&W.,n.2d,con.,6s
do
do
1st, con., f, cp.,7s
2d,con.,f.cp.,5s,0s
Jos.—6s, conv...
Han. & St.
104k
106%
106
do
do
do
off, A.&0.
coup,
do
1868
New bonds, J. & J
do
A.&O
Chatham RR
104“ 104k
90
28k
110k
102“
new
cons,
1st.,
reg.,
2d.
2d
cons, coup.,
cons,
reg.,
..
do
112"
112 k
112%
114
116
76k
115
118
77
75% 76“
102k 103
101k
114“
118
H7k
Harlem, 1st
ra., 7s, coup..
do
1st m., 7s, reg—
N. Y. Elevated—1st, 7s, 1906
Ohio & Miss.—Consol, s. f’d
Consolidated
I
2d consolidated
1st m., Springfield div
Pacific Railroads—
Central Pacific—Gold bds.
San Joaquin Branch....
Cal. & Oregon, 1st
State Aid bonds
Land grant bonds
Western Pacific bonds..
South. Pac. of Cal.—1st m.
Union Pacific—1st mort..
Land
109
....
112
94
109k 109%
99k
103%
104%
109%
114%
114
Pacific RR. of Mo.—1st
2d mortgage
m.
107%
107
Income, 7s
1st m., Carondelet Br...
South Pac. of Mo.—1st m.
Kansas Pac.—1st m.,6s,’95
1st m.,6s,’95,with cp.ctfs
1st m., 6s, ’96
do
with coup, ctfs
1st m., 7s, Leav. br., 96..
do
with coup, ctfs
1st m., 7s,R.&L.G .D’d,99
do
1st m.,
do
108
97
117%
Den. Div. Tr. rec’ts
ass.
Pennsylvania RR—
Pitts.Ft.W.& Chic., 1st
do
do
2d
3d
m.
m..
m..
$““ 88k
119
do
do
2d con
Rome Wat. & Ocr.—Con. 1st
24
53k
.
+ And accrued interest.
69
22
70%
26'
56
87
87k
87k
70
42
73
43
40
70
Small
BONDS.
96
do
class C
39
98% St.L.& 8.E.—Cons., 7s, g.,’94
60
95
St.L.Vandalia& T.H.—1st m *105
105
2d mortgage, guar
85
105% 105% Sand. Mans. & Newark—7s.. 101
102% 103% Scioto Val. 1st 7 p.c. s.f. bds +101
....
$....
T
114
115
$iid
South Side (L. 1.)—1st mort
South Minn.—1st m..7s, ’88.,
1st mortgage, 7s (pink)....
83
“
51
$109
$107
$107
$30
$32
$30
85
r
Extension.
Tol. Can. S.& Det.—1st, 7s, g
Union & Logansport—7s
Union Pac., So. Br.—6s, gld.
.
100
100
90
60
91
loo"
102’*
90
104
95**
70
93
85
..
..
-
-
-
New 3s
Indianapolis—730s
^..
Long Island City
105
113
+107
108
+113%
+114
+113%
+112
+113
45
40
102
115
108
114
115
114
115
115
55
44
109
+106
+90
+109
+114
+101
+112
+113
100
111
116
+111
114
105
112
Bost. & N. Y. Air-L—1st m. 106
California Pac.—7s, gold— xl05
lio
Newark City—7s, long
......
Water, 7s, long
Oswego—78
Poughkeepsie—Water
Rochester—Water, 1903
Toledo—8s, water, 1894
^g08
•
.....
6s, 2d mortgage, gold
2d mortgage, inc., 7s.
Chic. St. P.& M.—6s, g., new
Land grant, 6s, gold..
Chic.& Southwest.—7s, guar
Eva isv. & Crawfordsv.—7s.
Evansv. Hen. & Nashv.—7s.
Evansv. T.H. & Chic.—7s, g.
Flint & Pere M.—8s, l’d gr’t
Galv. Hous.& H.—7s, gld,’71
R.&Ind.—lst,7s,l.g.gu
Gt.N.—1st,7s,g.,ctfs
C.—1st, 7s, gld
Western Div.......
Waco
Consol, bonds
Indianap. Bl. & W.—1st
m..
N. Y. & Osw. Midl’d—1st
m
Receiver’s certif’s, labor,
do
other.
Oswego & Rome—7s,
guar..
;........
Nashville—6s, old
6s,
new
New Orleans—Prem., 5s....
Consolidated, 6s
Railroad, 6s
Norfolk—6s
Petersburg—6s
8s.....
Richmond—6s
Savannnah—7s, old
7s,
new
x90
73
50
91
53
102
84
108
80
95
Stock.
Charl’te Col.& A.—Cons., 7s
2d mortgage, 7s
East Tenn. & Georgia—6s..
E.Tenn.& Va.—6s,end.Tenn
E. Tenn. Va. & Ga.—1st, 7s.
Stock
75
Georgia RR.—7s
57k
95
60
103
86
110
85
96
104
106
101
95
62
70
102
80
55
95
80
99
89
70
82
104
100
100
102
46
70
102
83
23
+108
105
35
42
5
40
12k
45
45
95
*30
.
.
Memphis&
2d, 7s
Stock
Cha’ston—1st,7s
.'
Memp. & Lit. Rock—1st, 4s.
Mississippi Cent —1st m., 7s
2d mort., ex coupons
Miss. & Tenn.—1st m., 8s, A
1st mortgage, 8s, B
Mobile &
Ohio—Sterling, 8s
Sterling, ex cert., 6s......
88, interest..
2d mortgage, 8s
New 1st mortgage
N, O. & Jacks.—1st m., 8s...
Certificate, 2d mort., 8s...
Nashville Chat.&St.L—7s.
1st, 6s, Tenn. & Pac. Br...
1st, 6s, McM.M.W.&Al.Br.
73
20
100
30
109
64
95
72
90
60
102
40
112
70
97
75
95
lid'
45*
97
75
5
101
112
75
75
60
12
84
33
108
103
101
Rich.& Dan.—1st consol., 6s
Southw. Ga.—Conv., 7s, ’86.
Stock
S. Carolina RR.—1st m., 7s.
7s, 1902, non-enjoined
Savan’h & Char.—1st m„ 7s.
Cha’ston & Sav., 6s, end..
West Ala.—1st mort., 8s
2d mort.,
8s, guar.
PAST-DUE COUPONS.
Tennesssee State coupons.
South Carolina consol
coupons
Peoria Pekin &.T.—1st m..
do
consol, coupons...
$ No price to-day; these are latest quotations made this week.
79
7
45
104
115
91
85
85
70
15
85
35
110
105
102
94k
110
97
96
2ds, 6s
3ds, 8s
4ths, 8s...
90”
50
100
102k 105
Northeast., S. C.—1st m., 83.
2d mortgage, 8s
Orange & Alex’a—lsts, 6s..
1st mortgage, 7s
2d mortgage, 8s
118
106
m 100k
92
108
102
Virginia
73
73
iS
Petersb.—1st, 8s.
Norfolk &
106k
50
45
9
45
14
53
53
100
50
guar
New debentures
109
70
70
Macon & Aug.—2d, endors.
.
50
90
90
26
33
26
110
104
104
Greenville & Col.—7s, 1st m.
107
100
65
100
85
103
94
75
104
83
106
102
103
104
50
75
105
85
.
6s
Stock
7s,
30
80
80
24
31
24
100
100
110
102
71
71
g., cp.on
8s, gold, coup, on
RAILROADS.
102k Ala.&Chat.—Rec’rs ctfs.var
115
Atlantic & Gulf—Consol
115
Consoh, end. by Savan’h..
+nok
Cent. Georgiar-Cons. m., 7s
+100
1st, 7s, Id. gr., not guar...
1st, ex land grant, 7s
Grand River Yal.—8s, 1st m +103k
Hous.&
■
Consols, 5
Wiim’ton,N.C.—6s,
105
Yonkers—Water, 1903
2d mort
26
40
87k
Registered
CITIES.
Albany, N. Y.—6s, long
Indianapolis & St.L.—1st, 7s
Indianap.A Vine.—1st,7s, gr
66
International (Tex-)—1st, 7s
102
102k Int. H. & Gt. No.—Conv., 8s
Jack.L.& S.—8s, 1st,“white”
125%
Long Island—1st mortgage.
Montclair & G.L.—1st, 7s, n.
N. J. Midland—1st, 7s, gold.
Cleve.& Pitts., consol., s.f. $116
55k
....
71
71
108%
2k
29
78
-
Hous. & Tex.
do
4th mort...
Col. Chic. & I. C„ 1st con..
do
2d con...
do Tr’t Co.ctfs.lst con
5
29
29
6s, new, 1866
6s, new, 1867
6s, consoL bonds
6s, ex matured coupon....
6s, consol., 2d series
6s, deferred
D. of Columbia—3 65s, 1924.
.
Gr’nd
113%
$118“
$In
II*
101% Cin. Lafayette & Ch.—1st m
100
Cin.& Spr.-lst, C.C.C.&I.,7s
1st m., g’d L.S.&M.S.,7s.
Col.& Hock. Y.—1st,7s,30 yrs +104%
1st, 7s, 10 years
+99
2d, 78, 20 years
+92
109^ Dan. Urb. B1.& P.—1st, 7s, g. 55
113% Denver Pac.—1st,7s,Id. gr.j?
62
115
Erie & Pittsburg—1st m., 7s 105
115
Con. mortgage, 7s
100k 102“
108
85
90
7s, equipment
with coup,
ctfs
78, land gr’t, ’80..
with coup, ctfs
2d mort., ’86
with coup, ctfs
do
Inc. coup. No. 11 on 1916
Inc. coup. No. 16 on 1916
do
do
94k
30>!
Virgina^-6s, old
t
Cent, of la.—1st in., 7s, gold
tliik 112k Chic.& Can. So.—1st m.,g.,7s
$lllk
Chic. & East. Ill.—1st m., 6s
113
grants, 7s
Sinking fund
Registered, 8s
•
2d mort... $113k 115k
Prices nominal.
124
124
30k
115k 116k St.L.& San F.—2d m.,class A
94
2d mortgage, class B
.
RAILROADS.
110% Atchison & P. Peak—6s, gld
88
33”
new
new series
*
113 “
125
1889, A.&O...
Tennessee—6s, old
6s,
6s,
Ask.
112
55
15
15
15
40
40
15
Non-fundable
+H —I £o ©
Buffalo—Water, long
Chicago—6s, long dates
7s, sewerage
112
7s, water
103
78, river improvement....
$104% 104% Cleveland—7s, long
89
Detroit—Water works, 7s..
$..
88
Elizabeth City—Short
Long
104%
119% 120
Hartford—6s, various
111
do
7s of 1888
253
he,
82k
Southern Securities.
(Brokers' Quotations.)
STATES.
$107k
N. Carolina.—New 4s
62
65
$107k
87
92
So.Carolina—Con., 6s (good)
do
Bur. Div.
CO
Rejected
(best
sort)
1st pref. inc. for 2d mort.
CO
Texas—6s, 1892
M.& S. +103' ids'
1st inc, for consol
CO
7s, gold, 1892-1910 J.& J. +110
112
r-t
Tol.&Wab.—lstext.78,ex cp.
111"
7s, gold, 1904
...J.& J. +111
112
1st St. L. div.7s,ex mat.cp.
98
10s,
100
pension, 1894...J.& J. +99
2d mortgage ext., ex coup
88k 89
Virginia—New 10-40s
49k 50
Equipment bonds, 7s, 1883
41
CITIES.
Consol, conv. ex coupon.
79
Gt. Western, 1st m., ex cp 116
Atlanta, Ga.—7s
99
102
8s..
do 2d m.,7s,’93,ex cp
107
110
88%
Water works
97
102
Q. & Tol., 1st, 7s, ’90,ex cp. $.... 94
I11.& So. Ia., 1st m.7s,ex cp $95
105
Augusta, Ga.—7s, bonds
107
West. Un. Tel.—1900, coup. 116
Charleston, S. C.—Stock, 6s.
117
59k 61
F.
L
60
7s,
75
1900, registered
60
70
Columbus, Ga.—7s, bonds..
97
Spring.Vt W.Works, 1st 6s.
60
income bonds.
70
Macon—Bonds, 7s
10
Central of N. J., 1908..
20
Memphis—Bonds, C
73
76
Leh. & Wilkes B. Coal, 1888
Bonds, A and B
10
20
44
Endorsed
M.
&
C.
RR
15
25
St.L.I.M.&S.,lst 7s,pref.int.
69“
do 2d int.,6s, accum’e
Compromise
30
35
$....
55
Chic. St.L.& N. 0.,2d m.,1907 $42
15
25
Mobile—5s, coupons on
48
8s, coupons on
15
25
Miscellaneous List.
20
6s, funded
26
(Brokers' Quotations.)
40
50
Montgomery—New 5s
110k 112k
1st m., reg.
Huds. R., 78,2d m., s.f.,’85
Canada South., 1st, int. g.
AND
105
North Missouri, 1st m., 7s
108k St. L. Alton & T. H.—1st m.
108k
2d mortgage, pref
112k
do
income
105
Belleville & So. Ill., 1st m.
Tol. Peo. & W.-lst m., E.D.
io i%
1st mortgage, W. D
$.... 125
Burlington Div
2d mortgage, 18S6
91
92“
Consol., 7s, 1910
120k
Pur. Com. rec’pts, 1st,E.D
105“
do
1st, W.D.
Buffalo & Erie, new bds... 116
Buffalo & State Line, 7s..
Kal’zoo & W. Pigeon, 1st. 102“
Det.Mon.& T., 1st, 7s,’1906
120
Lake Shore Div. bonds... $114 * 116
do
cons, coup., 1st $119
120
do
do
do
STOCKS
Island—6s,coup.*93-9
Carolina—6s
Funding act, 1866
Land Com., 1889, J.'& J...
103
107
St. L.&Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo & Fulton, 1st mort.
Cairo Ark. & T., 1st mort.
St.L. K.C & N.—R. E.& IL,7s
Omaha Div., 1st mort.. 7s
Bid.
Jan. & July
April & Oct
2k
2k
2k
St.Chas.B’dgeast, 7s, 1908
104
$....
South
15
15
1
do
class 2
do
class 3
Ohio—6s. 1881
par mau
Securities.
Rhode
107k
87k
107k
87k
9k
9k
A.& O
coup, off, J. & J.
Special tax, class 1
108
do
new bonds. $110
Cleve. P’ville & Ash., old.
do
Ask.
25
25
Funding act, 1866
•
*
114
Coupon gold bonds
Registered gold bonds
$113k 114
Iowa Midland, 1st m., 8s.. $115
Galena & Chicago, exten. $108
Peninsula, 1st m.,conv... 4113
Chic. & Milwaukee, 1st m. 116
Winona & St. P., 1st m
$
110
do
2dm.... 105k
C. C. C. & Ind’s—1st, 7s, s. f. 116
Consol, mortgage
102k
C. St. L. & N. O. Ten. lien 7s 100
do
do
1st con. 7s $97
O';
Del. Lack. & West.—2d m..
look ioe
7s; convertible
*
ids"
no
103
104
105
105
mort., sterling
Metropolitan Elev—1st,1908
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
79%
110
Equipment bonds
Mo.K.& T.—Cons.ass.,1904-6
69% 70k
44
2d mortgage, inc., 1911
80
30%
H.
& Cent. Mo., 1st., 1890.
20k
110
117
N. Y. Central—6s, 1883
104k 104k
107
106
6s, 1887
107
6s, real estate
$104%
6s, subscription
$104%
N. Y. C. & Hud., 1st m., cp. 124% 125
109%
2d mortgage
$100
1st m.. 7s, I. & D. Ext
103k 104k
Chic. & Northw.—Sink, f’d.. 112k 113k
Interest bonds
106
Consol, bonds
$121
122k
Extension bonds
$108
1st mortgage
112
do
—
1st
Chic.Mll.& St.P— 1st,8s,P.D $112
2d mort., 7 3-10, P. D
112
1st m., 7s, $ gold, R. D.... 110k
1st m., LaC. Div
110
110k
1st m., I. & M
$109
1st m., I. & D
105
1st m., H. & D
1st m„ C. & M
$iio" 112
Con. sinking fund
105k
Mortgage 78,1907
Syr. Bii gh. & N. Y., 1st, 7s
Morris & Essex, 1st m
45k*
108k
—
Marietta & Cin.—1st mort..
96k
assented
..
reg.
38k Louisv.& Nash.—Cons.m.,7s
2d mort., 7s, gold
29%
95.
Nashv. & Decatur, 1st, 7s.
%.
Adjustment, 1903.
Lehigh & W. B., con., g’d..
1st,
2d mortgage, 7s, 1879
3d mortgage, 7s, 1883
4th mortgage, 7s, 1880
5th mortgage, 7s, 1888
7k
ill %
.
assented.
do
39
110
5s, sinking fund
$101k
Chic. Rk. I.& P.—6s, cp.,1917 113k
6s, 1917, registered
113k
Keok.& Des M., 1st, g., 5s.
96
Central of N. J.—1st m., ’90. 118
do
'5%
•
1 do"
Miss.Riv.Bridge,lst,8.f,6s $103
Chic. Bur. & Q.—8 p.c., 1st m 111
do
23k
•
106k
do
Bid.
6s, old, A.& O
No. Car. RR., J. & J
43
Ill.Cent.—Dub.&Sioux C.lst
Dub. & Sioux C., 2d div... $109%
106% 106%
Cedar F. & Minn., 1st m..
$98
ido“
47*. Lake Shore—
48k 49
Mich S. & N. Ind., s. f., 7s. $110% 111
97
97%
Cleve. & Tol., sink. fund.. 109k 109%
Sinking fund
Joliet & Chicago, 1st m...
Louis’a & Mo., 1st m., guar
do
2d 7s, 1900
St. L. Jack. & Chic., 1st in
Convertible
1st con., guar
Rens.& Saratoga, 1st,coup
18k
Income
do
164
id"
43%
1st consolidated
7k
....
6a, gold, series B, int. def.
6s, currency, int. deferred
Chicago & Alton—1st mort.
Consol, mort., 7s
2d mort..
3d mort..
Denv.& R. Grande—1st,1900
Erie—1st mort., extended..
126k 127k
•
Chesap.& 0.—Pur. m’y fund
18
44k
extended
do
do
do
55k
36
Pennsylvania Coal
Mariposa L’d & Mining Co.,
do
do
pref.
Ontario Silver Mining
x38
Homestake Mining
38
Standard Cons. Gold Mining
29%
Pullman Palace Car
89k
Railroad Bonds.
Stock Exchange Prices.
Boat. H. & Erie—1st m
1st mort., guar
Bur. Ced.R.& North.—let,5s
Minn.& St. L., 1st, 7s, guar
North
MISCELLANEOUS
.
.
do
do
pref.
Terre Haute & Indianapolis
United N. J. RR. & Canal..
Miscellaneous St’ks.
Adams Express
American Express
United States Express
SECURITIES.
Missouri—Han.& St. Jo.,’87. 104
New York—6s, gold, reg.,’87 108
6s, gold, coup., 1887
108
6s, loan, 1883
106
6s, do 1891
117
6s, do 1892
120
6s, do 1893
122
Coup., 7s,’94 105
Reg. 7s, ’94. 104
1st Pa. div., coup., 7s, 1917 107%
do
reg., 7s, 1917
107k
Albany & Susqueh., 1st m. $111
115
33
32
AND
Morris &Ess’x,b’nds, 1900
do
construct’n
do
7s of 1871.
do
1st con., g’d..
Del.& Hud.Canal—1st m.,’84
1st mortgage, 1891
pref.
2d pref.
Chicago A Alton, pref
Chicago St. Paul & Minn....
Dubuque & Sioux City
Ask.
100
100
20
20
20
20
20
20
20
6s. 1886
RAILROAD
Railroad Stocks.
(Active preciously quoted.)
Albany & Susquehanna....
Boston & N. Y. Air L., pref.
Bid.
Kentucky—6s
2k
8s of 1892
8s of 1893
Class A, 2 to 5
SECURITIES.
Illinois—War loan
46
46
46
;.....
[Vol. XXIX.
95
104k 106
94k
55
24
97
105
80
99
45
56'
110
96
60
80
100
110
ioi'
50
110
60
114
112
115
20
40
20
30
75
77
*
July
39
THE CHRONICLE!
12, 1879.]
Bank
SECURITIES.
LOCAL
NEW YORK
Insurance Stock List*
Stock List.
[Quotations by K. 8. Bailby, broker,7 Pine street.]
Capital.
COMPAN E*.
K.'fcP
arc noi
«.
Exchange 100
100
25
Broadway
Butchers'* Dr 2
100
Central
.....
100
Chase...
City.
..
...
.
49,90
Nassau
Newl'er-.
N. Y. County..
.
.
N. Y. N. Exch.
Ninth
No. Amerfca”..
North River*.
Oriental*....
Pac ilc
Park
People’s*....
Pheuix
Produce*
Kepunlic
St.
'•icholas...
Severn n
ard.
Second
Shoe * Leather
Sixth
State of N. Y..
Third
Tradesmen’s
Union
"WentSide*.
.
Ju y. ’79. 8
•'uly. ’79. 3
Jn»y. ’79. 3^
7
.
....
3
79.15
’70. 3
100
July,
0
JO
....
10
•
•
ly. 70.
10
7
0
0
7
•
•
•
•
0
•
.
•
•
•
•
...
•• •
•
f‘.*&
J.
i.&j.
1,8*9,900 F. & J.
13 <.100 r. & j
0 7< 0 J. & J.
4 7 800 1. &
1,159 000 F.& A
8.8- 0 J.& J.
10 900 J.& J.
288 89» ».&J.
97o 9
I.&J.
08 70a M.&N.
•
....
64
12
8
.
.
...
•
•
•
1.&J.
1. & J.
I. & J.
-F. & J
•I.& N.
J.& J.
I.A J.
M.&N
l. & J.
5o,10
8* 9)0
2 ’S/ 0
41 2 0
190 -00
104.000
269 400
08 \0 0
104,7 0
225
450
•
•
•
•
•
•
•
25
20
,
bonds
1,C00
Manhattan
Metropolitan
certificates
Mutual, N. Y..
do
bonds.
Nassau. Brooklyn
1,000
.
25
Va
100
scrip
.
t
.
•
•
•
.
.
.
.
»
do
do
do
bondB
do
certificate.'
Central of New York
do
•
•
9 9 9 9
99
*
•
•
2
Ma>,
July, ’79. 24
74
8
8
3
0
•
•
•
.
• • •
•
*
.
...
.
,
.
.
.
.
.
137
•
•
•
....
133
05
•
•
•
•
150,000
150,000
200,000
1,000,000
500,000
200,000
200.000
64
64
.
,
•
July,
Feb.,
3
3
9
10
0
7
3
•
.
.
.
•
•
•
•
•
•
•
„
•
•
•
t
....
3-*
•
•
.
2,000,000
1,200,000
3*5,000
1,850 000
750,000
4,000,000
00,000
1,000,000
1,000,000
Var.
Var.
*.&o.
F.& A.
F.&J
J.&J.
M.& S
M.& S
Quar.
..
*
5
3
7
3
May, ’79
J* n.. *19
1828
Feb., ’78
’7 ■)
Jan.,
74
5
Juue, ’79
5
Feb., ’70
34 Feb ,7
14 Apt.. ’79
.
F.& A.
Var
700,000 M.&N.
4,000.000 M.&N.
1,000,000 J. & J.
1,000,000 M.&N.
l/no.000
750 000 M. AN.
; 1882
Jun., ’79
3
34 May, ’7
way, ’79
34 Jh»... ’70
4
7
1997
Jan , ’79
Feb., ’79
Jan., ’79
-tan.. ’79
May, ’79
Fen.. ’79
188S
34
3
2
34
24
30
.
.
t
•
•
•
•
....
••
1V34
...
...
Bid. Ask.
115
50
95
35
135
140
110
101
50
10)
50
82
90
18
90
70
55
70
95
40
115
104
100
Bleecker St.it fhilton Berry—stk.
1st mortgage
1,000
Broadway A Seventh Ape—stk..
1’ 0
2,100,000
1,000 1,500,000
10 2,000,000
1,000
800,000
100
200,000
100
400,000
1,000
300,000
1st mortgage
Brooklyn City—slock
•1st mortgage
Broadway (Brooklyn)— stock.
Brooklyn «£ Hunter'a Pt—stock.
1st mortgage bonds
Bushwick Av. (B'klyn)—stock
central Pk„ y.A E. River—stk.
Consolidated mortgage bon s
Dry Dock, E. B. A Battery— stk
1st mortgage, cona’d
Eighth Avenue—stock
100
100
1,000
100
500&C
00
100
45
145
147
120
104
60
104
60
90
95
22
904
80
65
8')
05
50
121
103
500,000
Q-F.
34 Ma,, ’79 130
M.&N.
Q—J
•
A.&O.
J. & J
.
1,000
100
..
Houston, West st.APav.F'y—stk
1st mortgage
’Second Avonue—stock. ......
1,000
.
100
500
100
1,000
?d mortgage
Cons. Convertible
Extension
1.000
00&C.
100
'
jHn'.*
7
Nov.1904
J. & J.
7
2
7
7
7
5
7
3
7
4
7
July, ’94
Apr., ’18
Apr ’85
May, ’88
Sept. ’83
1,199,500 Q.-F.
150,000 A.&O.
1,050,000 M.&N
200,000 A.& 0.
750,000 M.&N.
415,000 F. & J.
2,000,000 Q—F.
1,000
.
M.&N.
100
too
’76
1888
vjui.,
.
M.&N.
A.&O.
1,000
1,000
.
July, *79
July, ’,'9
Ja’8t
May, ’70
Apr., ’93
Q-F.
900,000 J.&D
748,000
230,000
600,000
200,000
250,000
500,000
Nov.. ’8) 102
3
7
2
7
0
7
0
7
1,000,000 J.& J.
1,000
203,000 J. & J.
100
Ju y. ’84 101
7
3
3
7
••••«••.
1,800,000 J. & J
1,200,000 J. & D.
l.vOO.OOO
7
.000,000 F. & J.
000,000 J & J.
250.000 Vf.AN.
Tina column stiuwo last dividend on stocks, but tne date
’79
Dec.1902
May, ’79
lu
e,’93
.,
,
’77
UmV.
135
90
100
85
40
94
88
104
too
too
140
105
09
10
80
30
05
7)
70
95
July, ’90 105
*70i 120
vay,
Fuly,
Feb
9
’901
08
95
’93 103
,’79i
Lamar..
Long l8l.(Bkn.)
.
MechTcs’(Bkn)
Mercantile.,
50
50
Produce Exch. 100
50
Relief
100
Republic
100
Ridgewood
25
Rutgers*
>100
People’s...
Phenlx (Bklyn)
206,979! 20
3,000,000
lr 0.000
500,000
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
800,000
200,000
250,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
800,0n0
500,000
350,000
200,000
200 000
150,000
150,000
1.000,000
200,000
200,000
300,000
200,000
200,000
200,000
25
Standard
50
Star
100
!00
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
Westchester... 10
200,000
200,000
800,000
200,000
200,000
300,000
250,000
300/00
50
250,000
Williamsb’g C.
80,018 IS
130,330
815,049 id
754,424 30
127,110 20
200,000
200,000
200,000
St.Nicholas....
13
10
85,625
150,000
150,000
500,000
Merchants’
Montauk (Bkn)
NasBan (Bklyn)
National
374
N. Y. Equitable 35
New York Fire 100
N. Y. & Boston 100
New York City 100
50
Niagara...
North River.... 25
25
Pacific
100
Park
Peter Cooper... 20
101.007 15
344 B01 40
85,343 10
124,537 20
685,899 10
78,847 10
1,303,489 10
15,909 10
200,609 12
111,928 12
32,968 10
1314,003 10
199,901 20
27,884 10
lrB,5rt7 20
110,473 10
55,005 10
281,942 20
71,541 10
202,281 11
241,421 14
281,037 30
180,509 20
200,000
50
50
50
50
50
•
Over all liabilities,
scrip.
50
July, ’78. 5
July. ’78. VH
14
Jan
’79. 7 130
10
July, ’79. 6
50
N’ne Jan., ’77. 4
10
July. ’7s. 5
20
June, ’79.10 190
200
20
F-b.. ’79.10
20
July. *79.10 180
5
10
15
15
10
4
10
20
20
20
20
8&
51,380110
114,189 20
174,081125
124.331H0
324,202'20
100,005 20
24,571
55,001 10
455,032 10
112,717 12
420.132 30
103,552 20
200,474 20
108,104
731,322
20
20
59,449
34,073
71,994
205,204
103,095
39,020
10
10
13
25
10
10
15
10
12
11
40
July. ’79. 5
July, '77. 5
.Tan.. ’79.10
Ju y, ’79.0*83
Apl., ’79.10
10
• s
10
22
10
30
7
10
10
20
10
12
20
30
20
10
20
18
20
14
20
17
10
12
11
20
20
20
18
20
7)4
3>«
....
65
202
210
’79. 7Q
’79. 8)s
129
.
July, '79 6
Ju y, ’79. 5
J&ly, ’79. 5
July, ’79. 5
Jan., ’79. 5
Jan., *79. 6
July, ’79. 5
July, ’79.10
July, ’79.10
July, ’79. 5
Jan., ’79. 8
Ju y,
79.10
July, ’79. 5
July, ’79. 5
•
1^8
210
....
107
’79. 0
’79 5
"77. SX
*79. 5
10
12
20
10
10
’79. 5
Jan.,
Julv, *79
Feb
’79
Inly, ’79.
July, ’79.
,
*
•
•
•
W
127
••*
•
100
105
75
•
••«
•
•••
71
180
100
90
...
-
78
140
120
• •
•
*
*85’
.
160
...
165
•
•
.
180
130
65
05
•
•
•
•
113
....
••r
•
120
128
....
90
80
....
177
....
100
75
115
8
5
S&
112
0
•99,
•
909
•
•
•
120
70
•••
ICO
120
105
198
Jau., ’79.10
•••
70
125
70
95
.
•••
•
....
....
Feb./ *79. 5
Jan., *79. 5
Julv, ’79. 5
July, *79. 5
Feb., ’79. 5
•
140
60
115
105
235
109
190
110
117
05
July, ’79. 5
Jan., ’79.10
t
200
150
Jau., ’79.10
•
...
••
,
•
•
105
•
ioo
’79. 5
’79. 6
’79. 4
’79.10
’79. 0
•
125
Feb.. ’79. 7
Jan.,
July,
Apl
July.
July,
•
55
lio
July, ’79. 5
•
.
130
100
60
120
100
80
125
00
130
112
170
105
80
’79 5
July, ’79.10
Jau
’79. 5
1
•
•
...
’79. 5
’79.15
’79. 5
125
*79. 5
’79. 3>* 50
*79 5
ioo
Ju y, *79. 5
July, *79. 3)4
M ’c
•
•
80
100
130
135
180
107
270
00
115
105
5
July,
Jan.,
3^ N’ne J»n.,
10' 10
July,
5
10
20
10
15«
9
10
)23
11-55
1235
175 011
15
17*
171,318
12^
L0
10
49,231 10
14
10
144,517 20
10
20
181,802 25
10
12
231331 10
10
10
10
175,019
20
20
20
450317
•
♦
Ju y. ’79. 5
10
10
10
20
5
10
10
10
10
10
12
10
20
20
10
10
19
20
10
20
14
N’ne
N’ne
11
10
30
12
20
12
15
20
5
5
July, '79. 6
July, *7j. 7
Ju'y, ’79. 5
July, *79. 7
July,
Juiy.
mi July.
>10
July.
10
July,
Jan.,
10
Jan.,
10
Jan.,
10
20
10
10
10
10
12
12
13
10
20
10
...
100
190
110
120
47
110
173
200
100
103
120
Ju y, ’79.10
Feb.. ’79. 5
July, *79.
Feb..’79.
July, 79.
July, *79.
N’ne July, ’77.
•
10
Vo
•
....
14
15
15
12
10
80
20
•
•
.
•
•
•
•
•
•
•
•
•
.
.
•
130
110
•
•
• •
20
90
65
102
140
110
150
t Inclusive of
including re-insurance, capital and scrip,
*
'•
City Securities*
Street.]
[Quotations by Danibl A. Moran, Broker, 40 Wall
Pbicb.
INTBRBST.
Bonds
Rate.
NiW York:
Water stock
1841-68.
Croton water stock.. 1845-51.
do
do
..1852-60.
Croton Aqued’ctstock. 1865.
pipes and mains...
do
do
reservoir bonds
Central Paik bonds. .1853-57.
do
..1853-65.
no
1870.
Dock bonds
1 * 75.
1865-68.
Market stock
*
Q-J.
J. & D.
Lat'ayette(Bkn)
do
H Ju’y, *79 12
7
U’ly.1900 85
2
July, 79 6>4
100
1st mortgage
2d St. A Grand St Berry—stock
1st mortgage
Central Cross ‘lawn- stock.
1st mortgage
Sixth Avenue- stock...
1st mortgage
Jhird Are-tue—stock
1st mortgage
1 wen to-'Sira Street—bIock...
1st mortgage
..
...
900,000 J. & J.
HW4.000 J. & J.
Kings Co.(Bkn)
102,001 14
121,004 20
Bid. Ask.
123
[quotations i-y H. L. Grant, Broker, 145 Broadway.]
1
Jefferson..
Manhattan....
.
*
Date.
Importers’* T..
Irving
••
*
Rate
Howard
•
•
Amount. Period.
Home
Mech.&Trad’rs'
-
74 July, ’79. 34
10
May, ’79. 4
8
July, ’79. 0
....
•
3
1034
Aug.
1004
24 9o
3
July,
4
July,
100
July,
4
July,
3
’79.
May,
34 00
Jan., ’78. 3
.
Hamilton
Hanover
Hoffman
•
,MI
’19.
’74.
’7t).
>77.
’78.
’79.
’79.
79.
Guardian.....
Lorillard
Manuf.* Build.
....
24
6
>
128
75
July, ’79. 3
904 ioa
120
Juiy, *79. 34 110
Jan
25
100
15
50
50
100
25
50
50
100
80
20
40
50
100
25
50
25
100
100
25
Lenox
J,"ly,
’79. 4
May, ’79.
400,000 F.& A.
1,000,000 Quar.
100
100
Municipal
200,000
200,010
200,000
204,000
.
Globe
Greenwich
10
25
15
10
8
10
20
20
20
503,769 20
178,380 20
150,018 20
11,126 10
170,523 25
Price.
Last Paid.
20
210,000
17« 10-72
12
18
250,000
N’ne
5
300,000
18
25
200,000
1,000,000 1,038,423 11-45 1250 13 40
20
20
300,000 514,353 30
City
Knickerbockei
123
Ju y, ’79.
50
50
Var.
Bcrip
bonis
300,000
Clinton
30
Columbia...
50
Commercial
Continental.... 100
40
Eagle ....
Empire City.... 100
30
Exchange.
50
Farragut
17
Firemen’s
Firemen’s Fund3 10
Firemen’s Tr.. 10
Franklin&Kmp> 100
Gerraan-Amer. 100
50
Germania.
Hope
•
....
’79. 24
May, *79. 24
July, >70. 4
July, ’79. 4
July. ’70. 4
Ju y, ’79.
24
July, ’77. 3
....
8
S
.
t
Ju y, ’79. 4
Ju y, ’79 0
10
12
5
7
8
8
10
0
8
6
.
8
•
•
....
•
..
Ju y,
id
11
12
0
10
0
3
10
10
7
7
3
0
r
July, ’79. 3V6
0
„
r
•
•
91
May, ’79. 3
64 Juiy, ’79 34 123
••
10
„
•
6
7%
04
,
•
...
24
Yar.
1,000
Metropolitan, Brooklyn
co
.
.
...
•
Ju y,
Ju y,
& j.
1.000,000
300,000 M.&N.
300,000 J. & J.
10
People’s (Brooklyn)
Williamsburg
-
Citizens’.
.
-
0
7
8
tf
•
.
9
50.
*
20
50
100
V *. 1,000,000
100 5,000.000
Jersey City & Hoboken
do
.
.
date June 14,1879, for the National hanks, and
Par.
Brooklyn Gas Light Co
Citizens’Gas Co fBklvn)
New York
25
25
17
20
.
.
t|
Feb.,
j
ao
American Exch1 100
100
Amity
Atlantic
50
.
Ball road Stocks and Bonds*
Gas Companies.
do
50
Bowery
.
Broadway...,
Brooklyn
7,107
21
200,000
400,000 t494,348
200,000
09,251
1,449
200,000
37,545
200,000
300,000 410,507
200,000 i:O3,041
153.000 203,04*
.
[Gas Quotations by George H. Prentiss. Broker, 24 Broad Street.]
Harlem
•
.
tf|
‘77. 3
*79. 34 201
’79. 7
’79. 4
’78. 3
‘79. 4
’79. 34 182
'79. 42
100
’79. 3
'79. 34!
’79. 4 131
IQ
*79. 2
Ju y,
July,
.
f
.
....
.
f
.
Juiv.
.
■
.
Jan.,
July,
July,
July,
Jau.,
7
14
8
3
11
S
80,7 0
4? f00 M.&N
70) 5oo I.&J.
7', 0‘ 1. A .1.
75,600 F. & A.
71 0l)0 J, £ tl.
54 000 •i. & J
8 v 2 0 J. & J
169,900 1 & J.
211 5(H) Q-F.
30') 500 J.&J.
IS8.300 I. & J.
1 3,100 J. & J.
6* 700
337.2 0 F.&A.
125 800 F.& A.
•
•
.
...
7' 000 VI.&N.
179,50 M &N.
7< 8,"00 •1. & J.
14 400 J. & J.
57.900 1. & J
842.0 0 ).&J
1,000,< >00
1,200,000
200,000
Gas and City
*
3
7
14
8
217 3 o
§ The figures in this col min are of
of same uate for the State banks.
_
200,000
25
100
•
ACtna. ..„
American,
.
July, *79. 5
July, *79 3
May, ’79. 94
Apt., ’70. 34
Feu., ’74. 3
May, ’79. 5
May, ’77. 0
May, *79. 3
5
•
....
m
....
.
•
1234
4
>u y,
s\4
Feb , ’79. 5
*79 3^
July, *70. 3
Jmy, *79. 3
12
0
10
7
•
•
1019
3* July,
0
•
•
Vay. *79. 5
J
Adriatic..
Dividends.
1876. 1877. 1878.
1879.*
Amount
.
July. ’79.
0
8
08
93
110
.....
•
12
•
18,400
-
50
100
100
100
100 1,000,000
100 2,000,<100
100
200,000
too
300,000
100
750,000
70
700,000
50
240,000
25
300,000
50
422.700
100 2,000,000
25
412,500
20 1,000,000
100
12 ,0 0
100 1,500,00
100
: 00, 00
100
300,00 i
too
300,000
100
500,000
100
200,000
100
800,000
40
50
100
•
May.
• •
I001,c0',0o0
.
•
Juiy. ’79. 3>® Iv8
May, ’79. 3 107M 103
inly, ’7u. 5
8
6
11
10
.
50
Mnriay liill*..
•
May.
14,30 j M.&N.
tool i.i
.
*
.
4 ,100
...
Metropolis*.
Metrop lliai
.......
071,2 0 \.A ().
52 100 ».& A.
,
..
12
10
8
8
1.579 000 Q-J.
907 900 I. & J.
398 400 W .AH.
„
Mercantile.
Merchant-’.
Merchants’ Ex
M.&N.
1. * J.
i.A J.
J. * J.
1.* J.
.
ISO," 0
i
..
...
8
....
.
.
Companies.
Par
J. & J.
27,900
Comme ce
100
ContlR ntal
Corn Bxch’g-e*. 100
25
TSastRlv r.
11th Ward*
25
100
Fifth
Fifth Avenue* 100
First100
....
100
Fourth
30
Fult >n
50
Gallatin....
German Am.' 100
German Exch.' 100
German a*
100
Greenwich*
25
Grand Central * 25
40
Groceis*
Hanover
100
Imp.* Traders 100
50
Irving
Island City*... *0
Leai her Manuf 100
Manhattan*
50
Manuf &M«r.* 20
Marine
100
Market
100
Mechanics’.
25
Mech Assoc’n. f0
Mech’ics * Tr. 25
Bid. Ask.
Last Paid.
Period 1877. 1878.
0
100.000 F.& J.
) 3,221 60' oi-m’ly 100
l
167 0UO J. * J.
10
) 1.4 10 0 M.&N
0
I 2.033 900 • .& J.
i
100.700 F. & J.
l
828 000 F.&A. To*
0i 800 I.&J.
1
11,400 I.A .1
i
43,700 L & J. 10
2
100
25
100
100
Net
Surplus,
Jan.1,
Capital.
$
) 1/85.0 0
3 1,214 40C
3
193,10"
3 1.25a 1 O')
3
92 900
340 90
Bowery
Chatham
Chemical
Citizens*
dates.
Umount
100
America*...
Am.
«
• **-
Prtcb.
Dividends.
8urplus
latest
*t
-
imprbveinent stock.... 1869
do
co
....1869.
Consolidated bonds
var.
Street imp. stock....... var.
do
do
.......var.
New Consolidated
Westchester County... ....
5
5
6
6
7
6
5
0
7
6
7
0
7
Months
Feb., May Aug.&Nov.
do
do
do
do
do
do
Bid. Ask
1880
1890
1883-1390
1884-1911
1884-1900
100
104
104
100
1898
1895
1901
1898
1894-1897
1889
1879-1890
1901
1888
1879-1882
1890
1894
108
100
123
107
118
107
102
113
101
105
107
109
124
110
109
110
May * November.
Feb.,May, Aug.A Nov. 1907-1911 109
do
do
.
Jo
do
May & November.
May & November,
do
do
do
do
do
gg7
?*•
due.
Payable.
do
do
do
do
do
January * July,
do
do
,
107
124
109
119
108
110
115
102* 105
102
105
115
113
110
118
100
102
924
50
97
95
lOd
110
155
115
40
101
20
80
324
ICO
75
75
100
315
13 i
101
100
1C4
of maturity vi wnds
[Quotations by N. T. Bbbbs, Jr., Broker, 1 New
Brooklyn—Local linpi ’em’t—
City bonds
do
Park bonds
Water loan bonds
........
..
.....
Brldgebonds
...
Water loan
City bonas
Kings Co. bonds
do
do
7
7
7
7
7
6
0
7
6
Park bon6s
Bridge
Jaiuary & July,
do
do
Jo
do
do
do
do
do
do
Mav & November.
do
January a July.
do
do
-
do
do
do
•All Brooklvn bonds flat.
st.]
18T9-188o! 101
1881-1895
1915-1924
1900-1924
1904 1912
1899-1905
1881-1895
1880-1883
1880-1885
1924
do
Sewerage bonds
1869-71
1866-69.
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds....lR«8-*9.
0
7
7
7
7
7
125
123
121
112
103
luS
101
113
1907-1910j 112
[Quotations by C. Zabriskik. 47 Montgomery St., jersey
Jersey City—
Water loan, long
102
114*
112
108
107
115
114*
City.]
1895
97
January & July.
1899 1902 102
January & Juiy.
93
1878-1879
do
do
Jan.,May, July* Nov. 1878-1879 98
93
189.-94
J. & J. and J & D.
,lnnn<»rr <»nd J"v
!03
111
128
127
127
1900
98
100
108
100
1‘0
100
100
40
THE
CHRONICLE.
%waz$Xmmt$
certificates to be secured by
mortgage on
also to issue $30,000 of such certificates purchased premises ; *
to make improvements
on the real estate.
AND
STATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement is
published on the last Saturday
of each month, and furnished to all
regular subscribers of the
Chronicle.
No single copies of the Supplement are
sold at the
office, as only a sufficient number is printed to
supply
regular
subscribers. One number of the
Supplement, however, is bound
up with The Financial Review (Annual), and can be
purchased
in that shape.
ANNUAL
rvoi,. XXIX.
REPORTS.
Cairo & Vincennes.—It is announced that
the Paris & Dan¬
ville and Cairo & Vincennes roads are to
be consolidated, and
that the entire line from Cairo to
Danville is to be bonded in
the sum of $500,000, to be used for
improving the roads and
The Wabash Company, it is said,
will guarantee these
bonds; but this lacks confirmation.
adding
new
rolling stock.
Chicago Pekin & Southwestern.—This railroad has been
sold under the second
mortgage. Mr.
Hinckley bid
and it was
finally knocked down to Mr. Cothran for
The latter is said to
represent Messrs. Moses
$500,000,
$750,000.
Taylor and A. F.
Higgins, committee.
District of Columbia Debt —The Treasurer of the
United
Mobile & Girard.
States,
year
District of
officio Commissioner of the Sinking Fund of the
Columbia,
issued a circular giving notice that the
ending May 31, 1879.)
principal
accrued interest of the stocks hereinbelow
and
The bonded debt consists of
$300,000 second mortgage 8 per nated, known as “
desig¬
cent bonds; $800,000 third
registered stock of the late corporations of
mortgage 4 per cent; $33,000 third Washington and
Georgetown,” will be paid at the Treasury of
mortgage 6 per cent, and $500 plain bonds. The annual inter¬ the
United States, in the City of
est charge is $57,980.
The stock is divided into $987,064 com¬ 15th
Washington, on and after the
day of July, 1879, and that the interest on said stocks will
mon, $279,745 preferred, and $12,130 Pike
County stock. The cease on that day.
general account is condensed as follows :
Of the
corporation of Washington, 6 per cent general stock,
Stock, all classes
:
$1,278,94.0 $685,000 ; Chesapeake & Ohio Canal
Bonds
stock, $47,500.
Total
1,133,500
Central R. R. of
«.
(For the
'
as
ex
-
Georgia.
8,039
Total
Construction and stock interest
$2,010,310
Profit and loss
earnings for the
Passengers
Freigbt........
17,000
8,599—
.....
year were as follows
$36,758
—.........
......
Mails
155,800 }
3,348 5
—..........
Total
$195,907
Expenses.
135,572
CT
—__
Net
2,420,479
:
1878-79.
earnings
1877-78.
$33,030
.
q
a ko
14^,452
$175,572
112,274
__
$60,335
$63,298
The increase in earnings
was due to favorable
crops along the
line. Expenses were increased
by unusually heavy renewals of
road. The income account was as follows :
Cash, May 31, 1878
$269
Gross earnings
195,907
6,439
Sundry aecpunts, profit and loss, &c
Total
Expenses...
$135,572
Interest
Central R. R. of Georgia
Sundry accounts
light renewals
no
are
needed the present
year.
GENERAL
$1,432
All bills
floating debt.
But
INVESTMENT NEWS.
Atchison Topeka & Santa
Fe—Denver & Rio
despatch from Denver, Col., J uly 3, said: “ In Grande.—A
the United
States Circuit Court
yesterday Justice Miller decided that the
receiver for the Rio Grande
Company had been
appointed, in the foreclosure suit begun in the State properly
Court by
L. H. Meyer, and that the State Court
had the right to
appoint
the receiver.* The right of
Meyer to have the receiver appointed
rests upon the fact that the
mortgage was made years before
the Santa Fe Company had
anything
to do with the road. The
conclusion was
Total
Bounty
Aggregate,
Georgetown stock, $228,200.
All stock forwarded for
redemption should be addressed to
the Treasurer of the United
assign the within certificate
States for redemption.”
States, and indorsed, “ I hereby
to
the Treasurer of the United
Erie
Canal Traffic.—The condition of
commerce
canals is shown by the
following statement of receipts
up to the end of June :
on
1879.
$20,016
$
36,655
29,278
30,783
41,878
41,359
29,592
24,439
31,284
.
the
of tolls
1878.
April, third week
April, fourth week
May, first week
May, second week
May, third week
May, fourth week
June, first week
June, second week
June, third week
June, fourth week
$202,616
57,570
6,860
1,181— 201,184
Cash, May 31, 1879
The results of the year are
considered favorable.
have been promptly settled, and there
is
Of the corporation of
Georgetown, 6 per cent general stock,
; 6 per cent Market stock, $30,000
; 6 per cent
$178,300
stock, $20,000.
$960,800.
384,569
Central R. R. Bank
Cash and balances
The
$2,420,479
Washington stock, $732,500.
26,965
42,540
28,265
31,271
26,293
18,432
_
26,585
26,638
Total
$97,994
Railroad competition is not understood$312,252
to be much more
severe this year than it was last
year, and the number of free
articles has not been
greatly increased. But still the railroads
seem to be
carrying a much larger share of the freights.
Grand Trunk of Canada.—The
Chicago Tribune of Julv 4
published the following special dispatch from Montreal: “ The
Grand Trunk
Railway is now in a fair way of accomplishing
even more than had been
intended at the outset of Mr. Hick*
son’s efforts to
outgeneral Mr. Vanderbilt in his
monopolize Chicago.
endeavors to
now stand
The position in which affairs
is, that the Grand Trunk controls
Huron to Flint, some
sixty
a line of
railway from Port
miles long. This was obtained bv
purchasing, the other day, the eastern section of the Chicago &
Lake Huron
Railway. At Fleet it meets a piece of railway
forty-seven miles long—the Chicago & Northeastern—controlled
by Mr. Vanderbilt ; and in turn connecting with another bit of
road, 160 miles long, between
Lansing and Valparaiso, which
will be sold in a few
days, and which the Grand Trunk has made
arrangements to purchase. Then there is a bit of
road, some
that the
receivership
must
stand.
In
the
Grand twenty-six miles long, from Thornton to Chicago ; but between
Canon case it was decided that the
Rio Grande
Company must Valparaiso rand Thornton is a gap of thirty miles. This will
pay for the construction of the
road in those parts of the
canon
than one track, to which
the
Company liad prior right under the decision of the
Supreme Court, and the mandate for possession
could not be
executed u,ntil this matter had been
settled.
which were too
Rio Grande
narrow
for
more
Atlantic & Great Western.—At
Common Pleas Court for Summit
Akron, Ohio, July 9, in the
County, Judge Tibbals made
the order asked by the
Franco-Egyptian Paris Bank and others in
interest for the sale of the Atlantic &
Great Western
Railroad,
but not before February next. He
also
require a new road to be built. The Grand Trunk will build
it;
and then there will be in existence a
line
communi¬
complete
of
cation between Port Huron and
Chicago. Mr. Vanderbilt holds
that part of the line between Flint and
tion comes up, will he sell at the Grand Lansing, and the ques¬
Trunk’s price, or will he
keep his line and compel the Grand Trunk to build
around it ?
In the latter event, the Grand Trunk
people
that it will
believe
be to their
advantage to make a line to Owosso, forty-seven
miles long, and there
tap the Grand Haven Railway, which runs
in a straight line to Milwaukee.”
overruled the objection
Hoosac Tunnel—Erie—New York
Central.—The Hoosac
mortgage
bonds
were issued
by the trus¬ Tunnel route has come into
tees just after
reorganization, holding that the
prominence just now from a rivalry
presumption is which has sprung up in regard to its control. It is
that no road could have a sufficient
accumulation from its earn¬ Messrs.
William H. Vanderbilt, H. J. Jewett of the reported that
ings to pay cash for the great line
Erie, Thomas
purchased, and hence the Dickson, and a
issuing of mortgage bonds would be an inevitable
party of Boston capitalists headed by Gen.
step.
William L. Burt, have all been interested in
Atlantic
Gulf.—This road,
extending from Savannah, Ga., Times of July 8 says that 4* The Burt factionthe matter. The
to Bainbridge, 237
consulted with
miles, with branches making
up a total the Erie and the Delaware & Hudson Canal
mileage of 350 miles, is ordered by the United
offi¬
Company’s
States Circuit cers, and it was
Court to be sold at
Savannah, November, 4. The sale is to be branch from proposed to use the Albany & Susquehanna
Binghamton to Schenectady, and then build a
subject to mortgages amounting to about
$2,713,500. The route from there to the Massachusetts
value of the
and Vermont State lines.
property, by a fair estimate, is said to be
$3,900,000. This work was proceeded with, and the new corporation
ap¬
Boston Barre & Gardner.—At
under the name of the Boston Hoosac
Worcester, Mass., July 8, an peared
Tunnel
&
informal meeting of the first
Western Railway. This
mortgage
bondholders
company
have
constructed
of
the
upwards of
Boston Barre & Gardner Road had
182,000 bonds represented forty miles of road, including eight bridges,
reaching from the
out of 400,000.
It was voted that
Delaware & Hudson
that the consolidated
the proposition to scale
the
interest from seven to five
per cent should be accepted by a
stock vote.of 1,027 to 470.
Cairo & St. Louis.—Receiver
Smithers has been
authority'to purchase certain real estate at East St. granted
Louis and
to issue $41,000 of 7 per cent
certificates to pay
therefor, such
connection direct to the Hoosac Tunnel.
But these
people are deterred from pushing their
to
completion by a serious hindrance—being a lack ofenterprise
the right of
way to cross the Troy & Boston track, which is now
controlled
by Mr. Vanderbilt. These details comprise the interest of the
Erie in this
matter.
Eiie,
are
more
The
Bostonians, w:ho are allies of the
deeply involved, having expended $2,500,000 in
July 12,
construction and rolling stock, besides starting a railroad from
Boston to the eastern terminus of the State track, which extends
from the Vermont State line to and through the tunnel and east¬
ward to Greenfield. This will be called the Massachusetts Central
Railroad. These Bostonians are headed by the Ames Brothers,
and seem to have plenty of money, paying all bills in cash and
issuing
“
no
Mr.
stock.
Vanderbilt’s presence
in this controversy has been
caused by this project of the Erie. To permit the latter to
reach the tunnel would be to take from the New York Central
portion of the traffic—which now aggregates 500 car-loads a
day, besides giving an opposition passenger route to Boston.
Hence, it could scarcely be expected that the New York Central
king would slumber while this plan was matured. At present,
all this business comes from the lakes and Buffalo over the only
a
four-track route
;
it goes further east via
Jersey, to 2,954,714 acres of land.
The consideration was
$4,628,400, and the instrument bears date of March 10, 1879,
having been made in pursuance of the company’s plan of adjust¬
ment with its creditors.
Louisville & Nashville.—Much opposition has been shown to
the sale of this company’s stock held by the city of Louisville.
The following figures show the holding of the stock at a recent
date :
Shares.
City of Louisville owns
Hardin county, Ky., owns
Davidson county, Tenn., owns
Shelby county, Tenn., owns.
Henry county, Tenn., owns
New York Office
Louisville Office
the Boston & Albany
Troy & Boston road. There is plenty of traffic to keep both
routes busy at a profitable rate.
Four months ago the Troy &
Greenfield Railroad Company applied to the courts for permis¬
sion to redeem the Hoosac Tunnel from the State. This corpo¬
ration first started the tunnel, but abandoned it after spending
$2,000,000, making the stockholders bankrupt, and getting only
one-quarter of the work done. The State’s money finished the
job, and then the Troy & Greenfield road sought to have the
tunnel turned over to them. Those who could see through the
mill-stone perceived at once that Mr. Vanderbilt had thus at
one stroke attempted to gobble up the tunnel.
The Burt and
Ames party defeated his plan in the courts, and enlisted also
the sympathies and co-operation of the Boston Board of Trade.
The last move made by Mr. Vanderbilt has been to buy up the
Troy & Boston Railroad, which was an unprofitable concern
until the tunnel gave it importance. Last Thursday Mr. Van¬
derbilt paid cash for 2,530 shares at half of the par value.
or
'
41
THE CHRONICLE
1879.J
His sister, Mrs. Clark, had previously obtained 1,000 of these
shares. This was done so that no notice would be taken of Mr.
Vanderbilt’s action. On the same plan, Augustus Schell pro¬
cured 1,000 shares, while Mr. Vanderbilt personally held a
similar number, making 5,500 shares under his control. Daniel
Robinson has been heretofore the manager of this road, and
holds about 2,000 shares. It was agreed that, if Mr. Vanderbilt
would buy 2,500 shares at 50 cents on the dollar, instead of 25,
the previously-quoted rate, three-fourths of the other stock
would be pledged to his support, a paper
lated to that effect and signed by enough shareholders to allow
Mr. Vanderbilt to control three-quarters of the votes. His name
has been put up as president of the road, in place of D. Thomas
Vail. - An appointee of Vanderbilt will hereafter manage the
having been circu¬
18,463
3,597
3,000
750
250
47,457
25,483”
:
owns
,
(individual) owns....'
-99,000
47,457
51,543
Total shares
New York Office
Louisville Office.
i..
99,000
I-
Total
The Courier-Journal says : • “ Of
New York office, it is known that
the 47,457 shares held in the
at least 12,000 shares belong to
Earties
of the
5,000which
sharesaretoowned
English
olders,south
leaving
only Ohio
some River
30,000and
shares
by
New Yorkers.”
Mobile & Ohio.—The following order and decree has been
entered in the United States Circuit Court in Memphis, Tenn.:
This cause coming on to be heard for further directions, the plaintiffs;
moved the Court for leave to tile the decree of the Circuit Court of the
United States for the Southern District of Alabama, in the suit com¬
menced in that Court by W. Butler Duncan and A. Foster Elliott, as
trustees, and who were appointed receivers of the rai’road of Mobile &
Otiio Company from Mobile, Ala., to Columbus, Ky., and which suit was
enlarged by consolidation with other suits against the Mobile & Ohio
Railroad Company to ascertain the debt and enforce the deeds of trust
of that corporation, which motion of plaintiffs is not opposed, and the
“
Court allows the same.
“
And it appears that William H. Hays and T. A. Dupuy, as the sur¬
vivors of William S. Pierson, are the owners of 99 per cent of all the
debts of the said Mobile & Ohio Railroad Company secured by the first
gages, and the owners of the debt aforesaid, concur in the conclusion
that the orders of sale should not be executed, and the reasons therefor
being satisfactory to this Court, the Court orders that the sale ordered
in this Court, and all proceedings under the decree, be suspended.
The Courts accepts so much of the said decree as grants the holders
“
substitution mortgage who have not
accepted the terms of the decree of reorganization six months from the
date of said decree of June 15, 1879, to avail themselves of the same,
and that, in case of failure to do so. the said Hays and Dupuy, or ihe
Mobile & Ohio Railroad Company, or the plaintiffs, may deposit with the
Farmers’ Loan & Trust Company their proportionate share of such hold¬
ers of the proceeds of sale, as if sale had been made, and the sum speci¬
fied in the said decree, to wit, seven millions of dollars, had been ob¬
tained at the sale, and the share of the substitution mortgage had been
ascertained to be the sum of $1,500,000.
This Couid ratifies the said decree in so far as its terms apply to the
mortgages filed in this Court as the basis of its decree.
The'Court continues to the Receiver, W. Butler Duncan, the powers
which were granted to said Duncan, and A. Foster Elliott—the said
Elliott having died since the last term of the Court—and to have the
same effect as if this order had been made before the time of the death
of the bonds aforesaid under the
This transfer give s the New
people 48 miles toward Boston, and will enable
them to exact better terms from the Boston & Albany, besides
giving them the nine points of possession with which to combat
Erie and the Boston people.
—A Boston press despatch of July 8 says that an agreement
between the Fitchburg Railroad Company and the State author¬
ities for the operation of the Hoosac Tunnel and State Road
has been arrived at and will be submitted for ratification at a
of shid Elliott.”
meeting on Monday. It is agreed that three arbitrators shall
be chosen. The present tolls for carriage of freight and pas¬
New York City Tax Levy for 1879.—The Board of Aldermen,
sengers by the Fitchburg Railroad over the thirty-seven miles met as a Board of Supervisors to receive from tlie Tax Commis¬
of the State Road now operated by said company shall remain sioners the annual tax levy. The returns presented to the
in force, except that the arbitrators shall determine what rebate, Board show the assessed valuation of real estate by Wards for
if any, will enable the said company to operate the thirty-seven 1879, with the relative decrease and increase compared with
miles without loss. The time covered by the arbitration shall 1878, as follows:
Decrease
Increase
be from April 1, 1879, to January 1, 1880. No money to be
from
from
Valuation.
Wards.
taken from the State Treasury already paid in for tolls in any
1878.
1878.
event.
No rebate or allowance shall be so great as to bring the First
$52,089,726 $1,094,170 $
amount of tolls paid to the Commonwealth during the present Second
87,820
27,903,320
592,340
33,422,640
calendar year less than the expenses incurred by it during that Third
162,240
12,563,215
time in the operation and maintenance of the said thirty-seven Fourth
360,500
Filth
38,938,200
315,100
miles, except such expenses as it may incur over and above Sixth
21,676,350
184,150
15,934,700
37-44 of the $80,428 30 expended by the Commonwealth in Seventh
308,330
Eighth
34,746,872
operating its own road for the year ending September 30, 1878. Ninth
5SS.290
:
26,838,590
It is also agreed that, in case any other company shall Tenth
131,340'
17,062,410
115/200
15,789,620
perform business over that portion of the Troy & Greenfield Eleventh
2,386,470
67,986,395
Railroad operated by. the Fitchburg Railroad, it shall account Twelfth
41,800
Thirteenth
9,777,450
for its proportion of the amount to be retained, as above. The Fourteenth
50,050
22,337,887
38,020
said reduction or rebate is to be continued after January 1, Fifteenth
50,906,050
43 i,780
33,779,780
1880, until action is taken in the matter by the Legislature. Sixteenth
352,510
32,137,460
The arbitrators shall decide what expenses will be considered Seventeenth
1,017,250
Eighteenth
68,074,800
in the matter of costs, and upon the report thereof the manager Nineteenth...
5,971,090
129,281,745
615,000
38,308,050
is authorized to allow the said company to retain such a per¬ Twentieth
1,160,300
Twenty-first.
75,664,300
the
centage of
gross earnings, as heretofore made up, as may
1,746,595
70,307,720
Twenty-second
road, replacing Daniel Robinson.
lrork Central
“
4*
be sufficient to
the rebate.
cover
Railway.—The following com¬
parative statement of earnings and expenses for the years
ending April 30, 1878 and 1879, was received by telegraph last
night, and is furnished us for publication:
Honston & Texas Central
Earnings
:
Expenses (iucludiug taxes)
1878.
1879.
$2,668,017 45
1,737,975 28
$3,031,631 83
1,704,725 76
$1,326,906! 07
This shows an increase in gross earnings of $363,614 38, a
decrease in expenses of $33,249 52, and an increase in net earn¬
Net
.
$930,042 17
ings of $396,863 90.
International & Great Northern.—The Galveston (Tex.) News,
of July 3, says that a transfer has been filed for record in the
office of County Clerk McMahon, which is the largest recorded
in that county for many years.
The instrument was a deed of
the International & Great Northern Railway by its president,
Kennedy and Samuel Thorne, of New
York, and William Walter Phelps, of Bergen County, New
Samuel Sloan, to John S.
13,255,850
9,351,250
Twenty-third
Twenty-fourth
116,875
48,920
$918,134,380 $17,722,910
Total
The assessed valuations of
1878.
Insurance companies... iTrust companies.
Miscellaneous corporations.
Railroads
Resident owners
Non-resident owners
Total
Shareholders of banks
$9,024,586
1879.
Decrease.
$7,141,400
$1,883,186
614,931
981,998
13,841,536
3,897,995
91,873,240
11,283,451
738,164
86,866,777
11,207,262
12,733,400
1878.
Total valuation of real estate $900,855,700
Decrease in personal property
Increase in real estate
..
valuation.
367,06?
2,558,085.
3,159,831
5,006,463
1,526,138
$132,352,755 $117,851,985 $14,500,7707,096,350
58,082,970
65,179,320
$197,532,075- $175,934,955
Decrease in total
$444,230
personal property are as follows :
’
1879.
$21,597,120
Increase.
$918,134,380 $17,278,680
20
$21,597,12
680
17.278,68
$4,318,440
42
THE CHRONICLE
[VOL* XXIZi
'
'Valuation for 1878
Valuation for 1879
$1,098,387,77.5
1,094,069,335
$4,318,440
The Tribune
reports that in explaining the decline in the
personal property, the assessors say that the
Insurance and Trust companies have changed their investment
in part to Government bonds, while the decrease on the
part of
miscellaneous corporations is said to be due principally to the
general shrinkage of values. The surface railroads are now
assessed on their tracks with their other real
estate, which
increased amount, under the law, has to be deducted from their
personal valuation. The decrease in resident and non-resident
assessments is due largely to the practice of “
swearing down ”
the original valuations of the assessors. The banks have
reduced their capital; some have closed, and there has been a
general decrease in the value of shares. The increase in the
valuation of real estate is principally due to the assessment of
elevated and surface roads on their tracks as real
estate, and
to an increase of* $2,000,000 in the assessment on the Fourth
Avenue Tunnel masonry and tracks from
Forty-ninth street to
Harlem River. Last year this improvement was assessed for
the first time at $1,000,000, and this
year the assessment has
been increased to $3,000,000.
The amount of final estimate for this
year, as fixed by the
Board of Estimate and Apportionment, is $27,507,097 20, to
which is to be added an amount
approximating $250,000 to
meet amounts appropriated under acts of the late
Of this latter amount $150,000 is for Croton water Legislature.
mam, nearly
$50,000 for armory purposes, and the remainder for various
other purposes. T^he law provides that an amount not exceed¬
ing 3 per cent shall be added to the “ Budget,” as determined
by the Board of Estimate and Apportionment, for deficiencies
in collections. The tax rate for this
year will then have to be
about $2 60 per $100, which will make the amount to be raised
about
as
on
follows:
For “ Budget ”
For deficiencies in collections
For Legislative appropriations
Total
$27,507,097
694,000
PK 250.000
$28,451,097
,
In 1878 the total tax levy was $28,008,888, and
the rate of
taxation $2 55 on each $100. The amount to be raised this
year
is in excess of that of last year, and with a decrease in assess¬
ments of $4,318,440
necessarily makes the rate higher. The
State tax this year to be raised by the
city is $3,751,062, against
$3,908,272 for 1878.
^
-a ■ After receiving the assessment rolls, the Board of Aldermen
referred them to the Finance Committee.
be taken for several weeks yet.
Final action will not
N. If. Lake Erie & Western.—The statement of
net
lows
earnings for April just received from London
gross
is
as
and
fol¬
:
'
'
1878.
Cross earnings
Working
$1,127,078
expenses
Net earnings
1879.
891,755
$1,372,755
964,455
$235,323
$408,300
—showing an increase in net earnings for the month of $172,976.
earnings for the first seven months of the present finan¬
'The net
cial year, as compared with those of the
show
same
'period last
year,
decrease of $170,292.
—A London despatch says the Master of Rolls has
rendered a
decision in favor of the Erie Railway
Company
against McHenry
and party for £400,000, or $2,000,000.
a
New York Loan & Improvement Company.—The World
says:
This company has declared its first
dividend, 3% per cent
in cash and two (2) shares of
Metropolitan Elevated Railway
for each share of Loan & Improvement
**
Company. As the
capital of $3,000,000, this distributes among
its stockholders $6,000,000 of
Metropolitan Elevated, and we
Improvement has
a
500,000 leaves
fresume
in the treasury
Improvement
the and
Company
Metropolitan
Elevatedofstock
the whole $6,500,000
of Manhattan
Railway stock issued to the Metropolitan Com¬
pany’s stockholders—i. e.9 to the Improvement Company. The
dividend is payable on the 9th instant. The
Metropolitan Ele¬
vated stock is not on the Stock
Exchange,
and may have to
wait until September for
admission, as the committee has
adjourned for two months, and a special meeting would be
necessary to admit any securities within that time.
The Metro¬
politan, like the New York Elevated, is a ‘guaranteed’ 10
per
cent stock, if the promise to
pay of the Manhattan Railway
Company can be called a guarantee.”
Portland & Rochester.—The
city of Portland’s interest in
the Portland & Rochester Railroaa was
sold, July 8, to George
P. Wescott, the present receiver, for
$236,500. It started at
$201,000. Frederick Fox went as high as
$208,000;
Snow, supposed to represent Mr. Furber of the Boston &Lawyer
Maine
Railroad, bid $230,000; William G. Davis, director in the Maine
Central, bid $236,000.
St. Lonis & South eastern.—In the United States
Circuit
Court in Springfield, Ill., July 3, Judd &
Whitehouse, of Chi¬
cago, as attorneys for Carl Wertheim and others, of Amsterdam,
Holland, filed a bill to foreclose the first mortgage on the St.
Louis Division.
are
largely
mortgage bonds and
prosecuting a suit to foreclose that mortgage, and there¬
fore they bring the suit directly, instead of
acting through the
trustees.^ The bill brings in as defendants the
company, the
trustees under the consolidated
mortgage and a number of
other creditors. There is no desire to
change the management,
and plaintiffs will ask for the appointment of Gen. J. H. Wil¬
are
Decrease in 1879
Assessments
about two-thirds of the bonds; that the trustees
interested in the consolidated or second
The bill sets forth
that
plaintiffs represent
!
the present receiver, as receiver in their suit.
The first mortgages amount to
$3,355,000, of which $2,250,000 are secured on the line in Illinois,
$1,000,000 on the line in
Indiana, and $105,000 on the O’Fallon Branch. The interest
on all these bonds has been in
default since 1874. Most of
them are held in Holland.—Railroad Gazette.
son,
Wabash—St. Louis Kansas Cify & Northern.—These two
companies are to be consolidated, and it is reported that the
largest shareholders of both companies have given their consent
to the consolidation, which lacks
only the formal ratification
by their stockholders. The capital stock of the new corpora¬
tion has been fixed at $40,000,000—the sum of the
stocks of the
two companies. Of this capital, one-half will be
preferred
and
the other half common stock.
The present capital of the St.
Louis Kansas City & Northern road is
$24,000,000, divided
equally into preferred and common stock. That of the Wabash
road is $16,000,000 of common stock. The Tribune
reports the
following details: “ There will be no change, therefore, in the
stock of the St. Louis road, but the
capital of the Wabash road
will be divided equally into preferred and common
stocks. The
funded debt of the two companies will remain for the
present
unchanged. It is probable that on the completion of the pro-
Sosed extensions, on the part of the Wabash to Chicago and
•etroit, and on that of the St. Louis road to Omaha, that the
sectional mortgages will be consolidated, secured on the
entire
line of road. The bonded debt of the new
company will be then
at the rate of about $22,000 a mile.
With the present mileage
the funded debt of the two companies amounts to about
$25,000 a mile.
The funded debt of the Wabash
Company is com¬
posed of numerous mortgages which were placed on the
separate lines of road forming the Wabash line. These,
together with the mortgages of the St. Louis road, will be
retired, it is understood, by the consolidated mortgage of the
new corporation.
The Wabash St. Louis & Pacific Railroad
controls over 1,400 miles of tracks and, when the
proposed
extensions shall have been completed, will control
1,728 miles
of road. On the extension of the St. Louis
road, from Pattensburg to Omaha, a distance of 145 miles, 50 miles of rails have
been laid already. It? is expected that the work will be com¬
pleted early in September. The Chicago extension of the
Wabash road is also making rapid progress.
The new line has
been laid out from Strawn to the Kankakee
River, a distance of
forty-four miles. • Grading on this line is now going on and
contracts have been made for ties, rails and other materials
necessary to its completion. From Strawn to the river the
highest grade is said to be thirty-two feet to the mile and the
crossing of the river is nearly on a level. The new road has
been incorporated under the general laws of Illinois. At the
next meeting of the incorporators a
mortgage on the line will
be authorized.
The road is being built by
the Chicago
and Strawn Railway Company, in connection with the
Chicago
& Paducah Company, from Strawn to within a
distance of
eighteen miles from Chicago, to some point to connect with the
Chicago Rock Island & Pacific, or with the Pan Handle road.
The Chicago Extension will be about
eighty-one miles long,
and will be mortgaged at the rate of $16,000 5
per cent
bonds per mile.
“
The Wabash extension from Toledo to Detroit has not
yet
been begun. Surveyors are engaged in
laying
out the line, but
the road may not be built. For several weeks
negotiations
have been in progress for the
leasing of one of the Vanderbilt
roads between Toledo and Detroit.
Representatives of the
Grand Trunk and Atlantic & Great Western roads have
held
frequent conferences with Mr. Vanderbilt. It is said that
recently he has consented to the joint use of one of the roads by
these companies, the Wabash and his own road.
Cyrus W.
Feld, president of the Wabash Company, accompanied
by
Solon Humphreys, a member of the executive
committee, will
go to Saratoga to hold a final conference with Mr. Vander¬
bilt in regard, to the lease. The
organization of the Wabash
St. Louis & Pacific Company has not been
completed. Gyrus
W. Field will be its president, and A. L.
Hopkins, of the
Wabash, and B. W. Lewis, Jr., president of the St. Louis roads,
will be vice-presidents.
Among the directors will be William
R. Garrison, Solon Humphreys,
Jay Gould and Russell Sage, of
New York, and James F. Joy, of Detroit.”
~
—A circular issued by Mr.
Cyrus W. Field, president of the
Wabash Company, announces that sealed proposals will be re¬
ceived from the stockholders until
July 25, for the purchase of
$1,000,000 7 per cent bonds, being one-half of the $2,000,000
issue authorized at the special meeting of the stockholders
which was held at Toledo, May 14, 1879. The bonds are for
$1,000 each, and are secured by a mortgage made to Mr. Solon
Humphreys and Mr. Daniel A. Lindley, trustees. The principal
is due April 1,1909, and the interest, at the rate of 7
per cent,
per annum, is payable half-yearly, in April and October. The
principal and interest are payable in United States gold coin.
A sinking fund is provided of $25,000
per annum, payable an¬
nually on October 1 after 1882.
—Attention is called to the
Plumas National Quartz
flL
A
1TA
»\1
A
/Ml
1L
A
>00/1
eighteenth dividend of the
Mining Company of eight cents
1
per
A
Jvlt 12, 1879.
THE CHRONICLE.
|
COTTON.
ght GrcmrmcvcM JjJiroes.
Friday, P. M., July 11, 1879.
COMMERCIAL EPITOME.
Friday Night,
July 11, 1879.
activity in trade during the current week has
been very marked, and the greatest encouragement is felt in
the prospects of the coming autumn season. The advance in
the prices of breadstuffs will, it is thought, increase materially
the purchasing ability of a large portion of the community.
A drawback is threatened, however, from the re-appearance of
yellow fever at Memphis and the alarm which it has excited in
other Southern cities, causing them to set up quarantine
obstructions to transportation.
Provisions have shown some irregularity, and at times consid¬
erable weakness, in the absence of stimulating advices from the
West. To-day, there was quite a panic, and many decided de¬
fines, caused by a similar state of affairs at the West, which in
turn was due to the cancelling of orders and closing of future
contracts on the part of the Southern operators on receipt of
news of the yellow-fever outbreak.
New mess pork sold on the
spot at $9 60@9 75 ; old was quoted at $9 25 ; new for August
sold at $9 25@9 40, and September from $9 60 to $9 45. Lard
sold on the spot at 6*12%@6*17^c. for prime Western ; and
for future delivery sold for August at 6‘25c. down to 6*05c., and
recovered to 6*20c.; September sold at 6*22^@6*25c.; refined for
The revival of
the Continent closed at 6*60c., after sales at 6*55@6*57/£c. Bacon
declined to 5%c. for long clear. Beef hams being scarce are well
held at $20. Beef also quite
sale at about steady figures.
firm. Butter and cheese in fair
Tallow in good demand and firm
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (July 11), the total receipts have reached ^3,033
bales, against 3,637 bales last week, 6,293 bales the previous
week, and 7,188 bales three weeks since; making the total
receipts since the 1st of September, 1878, 4,427,572 bales, against
4,248,551 bales for the same period of 1877-8, showing an increase
since September 1, 1878, of 179,021 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
Receipts tliis w’k at
prime.
Haw sugar has latterly been in active request, and holders
advanced and firmly maintain their views at 6 9-16@6%c. for
fair to good refining Cuba.
Boxes.
Bags.
Melado.
27,064
1,656
Receipts since July 1, 1879
24,475
Sales since
Stock July
Stock July
10,652
65
250
700
99,455
77,525
28,579
11,995
682,442
138,699
4,242
1,297
9, 1879
10, 1878
1,319
1879.
New Orleans..*
Charleston
Port
66
Royal, &c
1877.
1878.
656
149
Mobile
1876.
>
1875.
1,175
1,243
2,364
313
109
205
82
194
267
355
421
.
825
....
....
98
353
95
8avannah
350
903
689
235
Galveston
727
546
389
384
324
2
3
8
550
1,021
1,011
1,319
Indianola, &c
Tennessee, &o
Florida
North Carolina
Norfolk
(City Point, &c
Total since Sept. 1.
•
•
338
1
•
848
7
14
439
173
108
139
486
611
399
564
439
68
18
29
38
5,287
4,404
6,005
3,468
3,032
...
•
39
....
Total this week
<7
4,427,572 4,248,551 3,949,162 4,070,775 3,467,933
The exports for the week ending this evening reach a total of
9,554 bales, of which 5,425 were to Great Britain, 2,880 to
France, and 1,249 to rest of the Continent, while the stocks as
made up this evening are now 167,596
stocks and exports for the week, and also
week of last season:
Week
At 6c. for
Hhds.
43
EXPORTED TO—
ending
Great
July 11. Britain.
N. Orl’ns
....
Mobile..
Charl’t’n
Savan’h.
Galv’t’n-
2,880
3,660
1,249
4,129
....
....
....
....
....
431
....
Norfolk-
nent.
....
.
....
Conti¬
....
«...
431
N. York.
France.
Total
this
Week.
.
.
.
....
....
«...
.
.
.
.
....
....
—
....
....
3,660
....
bales. Below are the
for the corresponding
Same
STOCK.
Week
1878.
3,343
....
....
1879.
1878.
17,549
2,382
21,038
117 \
1,253
346
1,685
1,202
2,259
2,938
213 122,817 102,206
1,483
1,787
1,607 19,000 16,000
....
....
....
Refined, though rather quiet, is firmly quoted at 8%c. for Other*..
1,334
1,334
crushed, and 8%@8%c. for cut loaf. Rice has sold in the usual
Tot. this
jobbing wpy at the previous steady figures. Molasses is firmly
week..
1,249
5,163 167,596 146,466
2,880
9,554
5,425
quoted at 25c. for 50-test refining, with a small inquiry. Rio
Tot. since
coffee has had a good movement, and holders manifest much
Sept. 1. 2025,216 413,567 916,973 3355,756 3294,747
firmness, with a disposition toward advances, which were realized
The exports this week under the head of “ other ports” include, from Balti¬
to-day ; fair cargoes are now quoted at 13%c.; mild grades are more, 850 bales to Liverpool; from Boston, 484 bales to Liverpool.
From the toregoing statement it will be seen that, compared
quiet, but firm.
with
the corresponding week of last season, there is an increase
The market for Kentucky tobacco remains quiet, but prices
in the exports this week of 4,391 bales, while the stocks to-night
are higher, owing to the receipt of unfavorable accounts from
are 21,130 bales more than they were at this time a year ago.
the growing crop in Virginia and at the West. Sales for the
In addition to above exports, our telegrams to-night also give
week 500 hhds., of which 350 for export and 150 for home con¬ us the following amounts of cotton on shipboard, not cleared, at
sumption. Lugs are quoted at 3%@5/£c., and leaf 6@13c. the ports named. We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
-Seed leaf is in but moderate demand, yet full prices are
Lambert, 60 Beaver street:
realized ; sales for the week are 800 cases, as follows: 400 cases
On Shipboard, not cleared—for
crop of 1877, New England, 10 to 20c.; 250 cases crop of 1877,
Leaving
July 11, at—
Coast¬
Liver¬
Other
Stock.
Total.
France.
Pennsylvania, 9/6 to 20c.; 100 cases crop of 1878, Ohio, 6/6 to j
Foreign wise.
pool.
10c.; 50 cases sundries, 9 to 18c. Spanish tobacco continues
None.
None.
None.
14,750
2,750
2,750
New Orleans
firm, with sales of 500 bales Havana at S2c.@$l 10.
None.
None.
None.
None.
None.
2,382
Mobile
20
97
20
None.
None.
None.
Ocean freight room has been liberally taken by the grain Charleston
100
100
None.
1,585
None.
None.
Savannah
None.
None.
None.
None.
2,259
None.
trade; rates have not improved, as the supplies of tonnage here Galveston
None.
*8,368 114,449
New York
2,000
2,003
1,995
and in immediate command are liberal. The demands for petro¬
500
None.
None.
1,500
19,287
1,000
Other ports
leum vessels have fallen off somewhat. Late engagements and
620
12,738 154,789
Total
| 5,745 2,000 2,003
charters include : Grain to Liverpool by steam, 3%@4d., 60 lb.;
Included in this amount there are 2,370 bales at presses for foreign ports, the
cotton, 13-64d.; cheese, 27s. 6d.@32s. 6d.; bacon, 25s.; grain to destination of which we cannot learn.
The following is our usual table showing the movement of
London, by steam, 5d., 60 lb.; flour, Is. 9d.; grain to Glasgow
cotton at all the ports from Sept. 1 to July 4, the latest mail dates:
I>y steam, 5d., 60 lb.; do. to Bristol by steam, 4@4%d., 60 lb.;
do. to Cork for orders, 4s. 6d. per qr.; refined petroleum to the
EXPORTED SINCE SEPT. 1 TO—
RECEIPTS SINCE
SEPT. 1.
Stock.
PORT8.
Other
Great
Baltic, 3s. 10?6d.@4s.; do. to Antwerp or London, 3s.; cases to
Total.
Britain. France. Foreign
1877.
1878.
Alexandria, 26/6c.; naphtha to Antwerp, 3s. 9d. To-day, rates
N.Orlns 1171,191 1366,457 667,730 215,619 346,077 1229,426 22,403
were higher; grain to Liverpool by steam, 5d.; do. to Hull by
2,649
Mobile. 361,485 411,930
57,954 35,583 29,677 123,214
steam, 5%@6d.; do. to Cork for orders, 4s. 6d.; refined petro¬
13&
Char’n* 514,232 457,556 150,410 57,140 176,143 383,693
leum to Belfast, 3s.
2,396
Sav’h.. 704,778 595,050 205,032 23,646 232,677 461,355
Naval stores have continued quiet and only about steady at Galv.*. 562,029 445,210 223,518 59.478 61,010 347,006
2,457
"27/6c. for spirits turpentine, and $1 30@$1 32^6 for common N. York 147,540 143,001 242,395 13,995 24,920 281,310 130,961
135
15,858
1,967
13,756
14,270
56,428
to good strained rosins. Petroleum has shown a very indiffer¬ Florida
266
65,111
2,050 18,589
N. Car.
44,472
142,690
134,961
ent position; refiners have limited offerings, and exporters are
713
1,701
5,098 199,610
Norfk*
558,706 506,098 193,829
without important orders, so that the tone is quite nominal at
496 18,398 239.589 17,500
Other.. 213,187 161,002 220,695
fi%c. for refined, in bbls., here. American pig iron is sparingly
2019,79l'410,687 915,724 3346,202 180,469
This yr. 4424,540
offered and firm; late sales of 3,000 tons gray forge, mostly at
4243,264 2114,739 497.301 677,544 3289.584 158 333
■$16 50. Scotch pig iron has been more active; fully 1,000 tons Lastyr..
have changed hands at late rates. Iron rails steady; sales 7,000
Under the head of Charleston is included Port Royal, &c.: under the head of
Galveston is included Indianola, &c.; under the head of Norfolk, is included City
tons; old p. X X quoted $24. Whiskey held firmly at $1 08.
. * Point, &c.
-
••••••
♦
*
••••»•
.....
*
....
44
THE
0
0
7
.
1
1
0
6
.
2
0 75
CHRONICLE
0067.12
There
was
strong opening to the market
a
Monday, but
on
a
Bales.
4,900.
re-action set in very soon, followed
by an important
values.
Cotton on the spot declined l-16c. on
Tuesday, and l-16c.
Wednesday, carrying Middling Uplands
down to 12 o-lGc.
There was on Tuesday a brisk business for
both export and consumption. The decline was
promoted by
dull accounts from Liverpool and
Manchester, causing holders
on
here to become anxious
while the comparatively
to make
reduction of stocks
some
high prices ruling
be realized.
Yesterdaj', there was a brisk demand for export and a steady
closing.
To-day, there was an early advance of 1-16c., which
was
subsequently lost, and the close was quiet at 12 3-16c. for
Middling Uplands. For future delivery the opening on Monday
was at an advance, but
the demand proved to be quite limited;
the offerings on sale
increased, and there was presently a
rapid decline in prices, especially the summer months, which
continued throughout
On Wednesday, however,
Tuesday.
the decline was more
general, embracing the later months.
Prices for July and August approximated more
nearly to each
other.
Yesterday morning there was some further decline from
the highest figures on
Monday. August showed a decline of
Sl-lOOc., and other months were 23(338 hundredths lower ; but
may
024.13.7
in the afternoon the free
export movement in cotton on the spot
and the report of yellow fever at
Memphis caused a brisk de¬
mand to cover contracts, and a
recovery of 15(5)22 hundredths
from the lowest figures of the
morning. To-day, there was some
further advance at the
opening, but the close was feverish and
lower. It will be -noted that this and the next two
months
approximated very nearly to ear-li other in values.
The crop
reports from the
SoutliernJ Exchanges for June had
effect.
The total sales for forward delivery
for the week
bales, including — free on board. For immediate
total sales foot up this week 0,211
very little
394,700
delivery the
bales, including 3,042 for export
3,229 for consumption, — for speculation, and — in transit.
Of
the above, — bales were to arrive.
The following tables show
the official quotations and sales for each
day of the past week:
July 5 to
July 11.
Sat.
NEW ORLEANS.
Mod Tueo
Sat.
1015le]l01316
Ordin’y.$Ib
Strict Ord..
Good Ord..
8tr. G’d Ord
Low Midd'tr
Str. L’w Mid
a
12*4
123s
f—H
Middling...
c
hh
Good Mfd
Str. G’d Mid
Hi
..
CS
r?
12%
;i2i4
.
O
t—i
12ii16;129i6
*2
Fair
1034
Strict Ord. 11%
Good Ord.. 11*3
Str. G’d Ord 113*
; Frl.
10 34
10 34
1116
11!*2
11 34
11%
|11%
Mid.. 12%
Str. G’d Mid 1234
j
,
d 12%
1234
Wed
107b
11 34
11 78
1176
,1178
12116 12116 12116
Middling... 12316 12316 ;12316
Good
Low Midd’g
Str. L’w Mid
1238
12 %
!l234
o
H-1
1—I
107s
Frl.
11*4
11*4
1158
11 78
1158
1178
12
107s
lit*
1158
1178
12
12
12*8
127s
125b
127s
12*4
123s
13%
14<>8
Th.
Frl.
1078
1078
11*4
11*4
115s
1178
1158
1178
12
12
11%
1178
11 *4
12
123x6 12316 12316
12°ig 125I0 12°i6
125g
1278
1258
127s
12%
12%
Midd’g Fair 13*l« 13716 137iG 13916
13
139i6 13»16 139i6
Fair
14716 14716 14“16 14916 13>
14916 14»!6 IL'be 1431g 14316
STAINED.
Good Ordinary
Strict Good Ordinary
Sat.
$ lb.
Holi¬
Low
Middling
Middling
Mon Toes Wed
11 *8
11
11*2
1138
Th.
Frl.
10*5x6 lOiSje 10*516
115i6 H°16 Hy16
day. 11*516 111*16 1150
12llfi 11*°16 1178
115s
117e
11%
11%
MARKET AND SALKS.
8ALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Sat..
Mon
ConSpec- Tran¬
port. sump. ul’t’n sit. Total.
....;
Holi
Quiet, *i6 dec....
138
Tnes. Dec.
A rid quiet 1,000
850
Wed
D. A easy, dec. *i6
113
438
Thurs Easy
1,300
507
Fri.
Quiet and steady. 629 1,296
....
42,500
1,850
93,700
86.200
551
1,807
1,925
3,229
....
1,10*6
70*6
92,900
79,400
800
500
6,271 (394,700
3,100
delivery the sales have reached
394,700 bales (all middling or on the basis of during the week
and the
following is a statement of the sales and prices middling),
:
Baies.
July.
.Bales.
Cts,
500
1203
100 s.n. 10th 12*08
400
12*09
H>0
12 10
100
.12*12
1,000
12*17
*00
12*18
100
12*19
400
12*20
200 e.n. 9th 12*21
300
.12*21
400
12-28
300 8.□.6th. 12*89
000
.12*40
10O
12-41
200
..12-42
5.400
For August.
500
1,700
1,000
.
..
700
3,900
...
300
900
2.100
1215
12*16
12*17
1,800
2,600
12*18
5.000
0.800
12*19
12*20
3,200
1221
0.500
3.900
2,100
1,600
7.100
3,700
5.400
4,100
1.800
200
100
12 07
200
7(>0
12*08
2,500
12*( 9
12 11
12 12
12*1 i
Cts.
12*14
12*22
12*23
122 i
12*25
12-26
12 27
12*28
12*29
12*30
12*31
12 32
12*33
12*30
12*37
12*38
12*39
1.500.
1.200
300
12*40
12*41
12*42
Bales.
100.
1.000
300
400
100
200
1,690
'
600
700.
Cts.
12-44
12 45
12*46
12*47
12*48
12*49
12*50
12*51
12*53
1,300
...12*54
500
12 55
12*56
1258
1,300
100
90,800
For
100.
700
1 100
2.000
1 000
3.000
8,100
7,700
5,000
7,900
Bales.
Cts.
12*12
12*13
11.000
7,500
3.400
12*11
10,600
12*15
6 600
12 10
12,760
12*17
10.400
12 1-5
T.j*19
9,700
5 000
1.200
12*20
12*21
1,600
.12-22
1 000
19.--JA
3.300
12 24
12-25
4 900
September.
12 02
12*03
12*04
12*05
12*06
12*07
12*08
12 09
12*10
1211
...1121
....11 22
11*23
.....11*24
11*25
.11*20
2.; 00
1 ,o00
3,900
5,100
>,400
1 500
4,700..
5,0''0
5,300
.
..
..
400
200
100
500
700
3,700.
12 20
..
000
3 400
.
..
12-27
3 700
12 28
12 30
12-31
12 32
2,400
1,1' 0
500.
12*33
1*2*34
12*35
1 *200
1,000
12-36
1237
4 0
900
...1236
12*b9
2,800.
...
100.
H00
...
.
...
.
.
300....
600.
.
800.
800.
1 500.
.
..
300.
..
100.
200.
400.
500
2.700.
1 700
.
1,500.
..
200.
100.
400
see
100.
!
1,200.
I
200.
300.
10-8S
.10*89
I1 *20
10*92
10*93
10*94
10*9*
1096
10 97
10*98
10*99
...11*00
11*01
11*02
11*03 \
11*04
11*07 |
11*08 I
11*09 I
11*10 1
400.
400
...
400.
>00
-
1,300
1,5(0....
..
..
100
500
3 300
1,300
..
..
1,700
500
3,0 0
800
ICO.
100
400
.
.
1,50 •
900
11*11
11*12
.10*94
.11 00.
.13*01
.11*03
.11*10
.11*11
For February.
i
100.
J00.
11*05-
100
11*07
11*10
100.,
11*12
400
*
For March.
200
3oo
300
11 03
n-oo
11*07
Il*c8
11 00
11*14
11*15.
1,000
100
300....:
100
700
200
100
24,700
For
100
600
,...
.10-95
.10*97
.10*98
0 000
10*91
10*92
10*93
10*94
10 95
10*96
..10*97
10*98
10*>9
11 00
11*01
1102
11 03
11 05
1106
11*07
1,700
..
..
900
200
100
100
soo
..
....
.
11-27
11*28
11*29
11 30
11*81
11*32
11*38
11-34
11*35
ll*«
11*37
.11*38
11-39
11*40
11*41
11*4 4
11*43
11*44
.11*45
50T
...
For November.
...
.
For December.
400
,io*&3
1,300
10*84
500.
..10*85
2,000
1036
100
10*87
900
10-8-8
Ml 1:1
Cts~
!0*U0*
2^10
18.100
..
January.
10*98
..10*89
ll'IS
11*21
11*27'
2 300
The
following exchange has been made during the week:
*79
pd. to exch. 100 Oct. for Sept..
The following will show the
range of prices paid for futures,
and the closing bid and
asked, at 3 o’clock P. M., on each day in
the past week.
Futures
Saturday.
Monday.
Tuesday.
Market.
Holiday.
Variable.
Lower.
■
For
Day.
High.
July..
“
Closing.
Lore.
—
-
—
-
—
Bid. As A
.
s.n.
August.
Sept’b’r
October
—
,
—
—
—
—
—
—
-
—
.
—
.
—
-
—
-
—
_
—
-
_
—
—
.
—
—
—
—
—
—
—
—
—
—
12-39
—
—
—
—
—
—
—
.
Tr. ord.
Closed.
Closing.
—
For
Day.
Closing.
—
.
—
11*27
—
12*21
12*41 42 12*31-12*25 12*29 —
12*31 32 12*22-12*15 12*19 —
11*44 45 11*41-11*35 11*37 38
11*07 08 11 04-11*00
11-00.01
11*01 02 11*00-10*96 10*96 97
11*03 04 11*03-11*00 10*99 t
11*12 14 11*12-11*07 11*07 10
11*23 27 11*21-11*18 11*17 20
—
—
—
12*58-12*40
12*43-12*30
11*53-11*43
11*14-11*07
11*07-10*99
11*11-11*10
—
—
Day.
High. Low. Bid. Ask High. Low. Bid. Ask
1241-12-40 12*30 32 12-21-12*17 12*17 18-
—
—
.
—
For
12 35
,
—
Steady.
Wednesday.
Thursday.
Friday.
Market.
Lower.
Variable.
Feverish.
For
Day. 1 Closing.
For
Day.
—
12*2 0
Steady.
Futures
For
Closing.
Day.*
Closing.
High. Low. Bid. Ask High. Lore. Bid. *Ask High.
Low. Bid. Ask
12*12-12*09 12*11 12
-12*03 12*22 23 12*28-12*18 12T6 —
12
July
“
...
s.n.
—
08
—
—
—
—
-
—
-
August. 12*25-12*17 12*17
12*30-12*07 12*29
Sept’b’i 12*18-12*08|12*09 10112*23-12*02 12*23
October 11*35-11*28 11*28
29'll*37-ll*19 11*37
Nov’ber 10*95-10*90; 10*90
91-11*00-10*87 11*03
Dec’ber 10*93-10*85:10*86 —
10*98-10*83 10*96
Jan’ry. 10-95-10-90,10*90 91 10*92-10-88 11*00
Feb’ry. 11*05- —
10*97 :
11*10
March.. 11*15-11*07111*08 09
11*18-11*03 11*18
—
Tr.
ord.
12*15
Weak.
Closed.
*
To 2 P.M.
-
—
of
are
—
38
04
98
02
11
20
—
12*40-12*21
12*34-12*17
11*46-11*30
11*10-10*96
11*00-10*91
10*99-10*95
—
—
_
—
-
—
—
12*18 lO
12*15 Id
11*26
10*92
10*88
10*93
11*00
11*12
12*2 )
Firm.
Weak.
—
93
90—
02.
1G
+11*00
Cotton,
as
made up
telegraph, is as follows. The Continental
of last Saturday, but the totals for
Great
for the Continent
—
12*2 5
til*01
The Visible Supply
this week’s
stocks
by cable and
the figures"
are
Britain ar.d the afloat,
returns,
and
consequently
brought down to Thursday evening; hence, to make
the totals
the complete
figures for to-night (July 11), we add the item of
exports from the United States, including in it the
exports of
Friday only:
Stock at
Liverpool
1879.
1878.
589,000
782,000
42,000
12,250
Total Great Britain stock
Stock at Havre
Stock at Marseilles
.
Total European stocks..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
..
E^ypt,Brazil, Ac.,aflt
for E’r’pe
Stock in United States ports
8toek in U. S. interior ports.United States exports
to-day..
..
.
1876.
631,000
794,250 1,021,000 1,069,250
214,000
6,000
38,000
2,250
37,000
211,750
159,250-
8,000
8,000
81,500-
3,000
7,000
27,250
47,250
72,000
16.50G
72.250
38,500
51,750
10,500
11.500
6,500
6,500
7,750
25,000
15,250
18,250*
15,750
23,000*
219,000
406,000
464,000
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other cohti’ntal ports.
Total continental ports....
1877.
981,000 1,021,000
40,000
48,250
103 250
Stock at Barcelona
For forward
For
1,0U0
1 300...
.
Stock at London
3 38
....
.
3,042!
Deliv¬
eries.
Sales.
day.
.
Total
FUTURE8.
Ex-
.
....
Bales.
500
100
-
1078
1258
1278
200
March
133*
1434
Wed
I2®ie 12316 12316
I2»i6 12yi6 125i6
300..
11*16 10*0x6
1 l"l6 115i6
11*3x6 11**16
.
AO
Cts.
2.700....
2,900....
....
12*316 12**16
13*16 12*5X6
1358
145s
Th.
2,400
1147
....11 48
11 49
11 50
11*51
....
2.400....
1,900...
For October.
100
....11*19
Bales.
600
..
Jan’ry
Feb’ry..
123s
12*2
‘
*
178,000
Mon. Toes
12*ie 11*5x6
123,6 12*16
>3
ci
s
1214
1434
Th.
Ordin’y.^lb
123s
12%
1334
14%
Wed
H°16
1113iG 11**16
l-116 1llo16
123I6 12*161
121318 12**16
13*16 12*016
hH
12-»16;12l3i6
135*
13
Midd’g Fair
Sat.
Cts.
..
....12*43
Nov’ber
Dec’ber
TEXAS.
11 *16
Hlr,16 Hly16
12l16 1115ie
r—
Toes
..
are
111,0 10*516
11^16 ;11316
llll10ill9l6
r*S
j ITIon
10 ).
100
Bales.
100....
1 500....
1,2 ,0.
809....
000.
\
UPLANDS.
Cts.
....12*40
12*41
..
4.400
decline in
Monday, £c. on
|VOL. XJIX.
1,250
,
48,500
13,250
53,750
61,250
433,500
850,000 1,200,250 1,485,000 1,502,750
338,000
201,000
347,000
403,000
67.000
83,000
145,000
121,000
15.000
9,000
20,000
27,000
167,596
146,466
221,723
232,57012.487
10,347
16,078
31,952
300
3,000
1,000
•
Total visible supply
1 .453,083 1,650,363 2,235,801
2.318,272
above, the totals of American and other descriptions are aB
follows:
American—
Of the
-
Liverpool stock...,
Continental stocks
American afloat for
Europe..
United States stock
United States interior stocks
United States exports
to-day
Total American
451,000
177,000
67,000
•167,596
12,487
3,000
615,000
328,000
83,000
146,466
10,347
300
635,000
385,000
145,000
221,723
16,078
1,000
596,000313,000*
121,000*
232,570
31,952".
878,083 1,183,113 1,403,801 1,294,522:
Jolt 12,
Brasil, dkc
Liverpool stock
East Indian,
42,000
42,000
338,000
12,250
78,000
201,000
1877.
346,000
40,000
79,000
347,000
15,000
9,000
20,000
1878.
167,000
1879.
138,000
—
London stock.
Continental stocks
India afloat for Europe
Eg/pt, Brazil, &c., afloat
27,000
1,453,083 1,650,363 2.235,801 2,318,272
6%!.
678d.
65ied.
578d.
Total visible supply
Price Mid. Upl., Liverpool
figures indicate a decrease in the cotton in sight to-night
of 197,280 bales as compared with the same date of 1878, a de
crease of 782,718 bales as compared with the corresponding date
of 1877, and a decrease of 865,189 bales as compared with 1876.
These
The
following is the visible supply statement for July 4th.
42,500
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at otlier conti’ntal ports
3,000
27,500
40,500
1,000
.
400
7,500
442,750
890,400 1,207,500 1,511,250 1,507.750
320,000
239,000
364,000
403,000
173,000
174,000
126,000
82,000
21,000
4,000
12,000
23,000
246,070
250,169
178,289
158,838
17,611
33,371
11,563
12,811
2,000
6,000
Total European stocks
India cotton afloat for Europe.
Amer’ii cott’n afloat for Eur’pe
....
Egypt,Brazil,&c.,aflt for E’r’pe
..
...
United States exports to-day..
1,487,500 1,754,901 2,336,931 2,400,290
totals of American and otlier descriptions are as
supply
Of the above, the
follows:
jA
461,500
395,750
225,900
ports....
Stock in United States ports
Stock in U. S. interior ports
811.750 1,049,750 1,065,000
202.750
215,500
167,000
7,000
10,000
8.000
36,000
62,000
85,500
7,000
16,500
13,250
47,250
72,250
54,250
52,750
50,000
57,250
10,500
11,500
15,250
7,750
18,250
6,500
26,000
16,000
24,000
664,500
106,750
2,250
37,000
.
Total visible
800,000 1,006,000 1,013,000
11,750
52,000
43,750
622,000
Stock at Liverpool
Stock at London
1876.
1877.
1878.
1879.
Total continental
•Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
183,000
340,000
82,000
126,000
178,289
12,811
158,838
11,563
United States exports to-day..
—
593,000
323,000
174,000
250,169
33.371
6,000
931,100 1,263,401 1,476,681 1,379,540
Total American
East Indian, Brasil, dc.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
147,000
173,000
11,750
55,750
354,000
43,750
75,500
420,000
42,500
42,900
320,000
239,000
364,000
408,000
21,000
4,000
23,000
12,000
52,000
119,750
860,250 1.020,750
931,100 1,263,401 1,476,681 1,379,540
Total East India, &c
Total American
of
652,000
386,000
173,000
246,070
17,611
2,000
627,000
475,000
These
491,500
556,400
supply
Liverpool
figures indicated
1,487,500 1,754,901 2,336,931 2,400,290
6i510d.
a
G^d.
O^ied.
57sd
decrease in the cotton in sight July 4
267,401 bales as compared with the same date of 1878, a de¬
crease of 849,431 bales as compared with the corresponding date
of 1877, and a decrease of 912,790 bales as compared with 1876.
At the Interior Ports the movement—that is the
aud shipments for the week, and stocks to-night, and
receipts
for the
corresponding week of 1878—is set out in detail in the following
•statement:
Week ending
July 11, ’79.
Receipts ShipnTts
Augusta, Ga
-Columbus, Ga
Macon, Ga
Montgomery, Ala
£3elma, Ala
Memphis, Tenn..
N asliville, Tenn..
49
20
3
47
17
228
1
127
53
8
345
57
42
57
Stock.
Week
ending July 12, ’78.
Receipts Shipm’ts Stock.
275
126
29
82
26
843
166
2,548
915
285
1,577
117
5,906
1,139
489
217
2,291
566
718
6
196
27
1,166
1,479
4,381
349
616
10,347
609
'
365
Total, old ports.
8
Dallas, Texae....
•Jefferson, Tex....
Shreveport, La
Vicksburg, Miss
Columbus, Miss..
Eufaula,Ala.(esL)
•Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, NT. C...
Bt. Louis, Mo
Cincinnati, 0
20
41
65
4
20
2
13
12
32
198
287
Total, new p’rts
..
.
Total, all
1
689
12,487
1,547
2,763
15
12
348
170
44
43
3
1
15
38
167
94
317
10
75
25
594
164
322
•
10
38
.
25
85
....
5
2
185
85
7
64
2
130
71
96
194
102
859
196
1,375
4,781
211
65
134
328
125
1,654
805
1,233
2,330
3,302
702
2,154
8,204
1,675
2,361
7,686
1,067
2,843
20,691
3,222
5,124
18,033
19
rl 20
169
458
358
The above totals show that the old interior stocks have
•decreased during the week 324 bales, and are to-night 2,140
bales more than at the same period last year.
The receipts at the
same towns have been 1,182 bales less than the same week last
year.
Receipts from the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
-like the following:
Week
ending—
Mar.
14
14
44
21
44
28
Apr.
.
7
4
44
11
44
18
44
25
May
44
44
30
July
44
90,947 83,266
82,264 78,490
75,723 60,202
65,470 00,698
59,886 54,283
51,301 44,851
39,016 40,187
38,856 36,183
4,404
16
44
50,742
44,537
32,366
30,397
26,287
11
9......
23
44
1878.
4
2
44
44
1877.
21,183
18,010
26,641
16,560
17,309
16,288
12,147
9,669
9,390
8,526
8,526
6,519
6,102
44
June
Receipts at the Ports. Stock at Inter’r Ports Rec’pts from Plant’ns
6
13
20
27
31,196
24,252
20,097
19,732
18,220
12,380
11,231
10,721
6.879
5,949
5,287
1879.
22,2*3
19,031
19,897
16,673
17,113
11,089
6,612
7,188
6,293
3,637
3,032
1877.
1878.
169,291 192,465
165,747 169,636
158,041 146,653
151,199 131,795
140,649 119,991
133,363 108,633
128,411 95,979
117,074 89,142
107,534 75,550
97,696 65,770
86,376 56,433
79,009 46,305
67,786 39,025
57,509 34,154
52,154 29,315
45,769 23,287
35,811 21,240
32,077 19,675
28,997 18.033
1879.
1878.
1877.
1879.
165,616 46,855
159,418 40,993
141,612 24,660
131,463 23,555
116,879 15,737
107,005 13,897
91.966 13.058
87,294
78,962
71,546
59,249
51,429
42,198
37,570
32,429
29,306
25,223
22,388
20,691
72,477 78,447
59,435 72,289
52,740 42,396
50,612 50,549
48,082 39,699
40,033 34,977
26,362 25,148
15,304 32,019 81.511
7,020 17,604 13,951
7,471 14,472 11,015
7,000
4,968 10,760
8,853
4,780
9,604
7,889
10,940
7,509
0,401
3,171
1,471
6,392
4,065
2,141
4,693
2.210
4,832
809
4,384
2,368
3,645
1,324
1,335
,,,,
•
•
•
•
•
•
•
•
The above statement shows—
1. That the total receipts from the plantations since Sept. 1 in
1878-9 were 4,442,611 bales; in 1877-8 were 4,250,102 bales; in
1876-7 were 3,935,661 bales.
2. That although the receipts at the out ports the past week
were 3,032
bales, the actual movement from plantations was
only 1,335 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for the
same week were 3,645 bales, and for 1877 they were 1,324 bales.
Weather Reports
by
Telegraph.—The weather the past
sections continued too dry for the best devel¬
opment of the plant. Over the greater portion of Texas there
has been rain.
The third bale of new cotton was received to-day
week has in many
at Galveston.
Galveston, Texas.—There has been, locally, no rainfall the
1Y) P/t*
Liverpool stock
Total visible
Price Mid. Upl.,
RECEIPTS FROM PLANTATIONS.
1876..
425,000
48,250
120,500
403,000
575,000
467,250
832,000 1,023.750
*878,083 1,183,113 1,403,801 1,294,522
Total East India, Ac
Total American
45
CHRONICLE
THE
1879. J
past week, and all vegetation is suffering dreadfully. In most
sections of the State they have had good rains, and in those parts
the cotton crop is very promising.
The third bale of new cotton
was received to-day (11th.)
The corn crop will probably barely
suffice for home consumption.
The thermometer has ranged
from 80 to 91, averaging 85.
Indianola, Texas.—Rain has fallen here on three days, the
rainfall reaching fifty-four hundredths of an inch, but it was
enough, although beneficial. Cotton is doing tolerably well.
Picking begun. Average thermometer 84, high¬
est 94, and lowest 75
The rainfall for the month of June is one
inch and fifty-eight hundredths.
Carsicana, Texas.—There have been showers at this point on
two days of the week, the rainfall reaching thirty-three hun¬
dredths of an inch, and prospects are good.
The thermometer
has averaged 84, ,the highest being 99, and the lowest 70.
The
rainfall last week,was ninety-six hundredths of an inch, and for
the past month it;has been three inches and two hundredths.
Dallas, Texas.-rWe have had good showers on three days the
past week, the rajnfall reaching sixty-five hundredths of an inch.
Cotton exceedingly promising, and corn will probably supply
home wants.
The fields are unprecedentedly clear of weeds.
The thermometer has averaged 84, ranging from 70 to 99.
Last
week’s rainfall amounted to twenty-five hundredths of an inch,
and during the month of June the rainfall reached two inchea
and twenty-five hundredths.
Brenham, Texas.—We have had a shower on one day this
week, but had a good rain last week. Corn short, but cotton
promising. Sandy lands want more rain. Average thermometer
87, highest 96, and lowest 77. The rainfall for the week has
been twenty hundredths of an inch, for last week one inch and
twenty hundredths, and for the month of June one inch and
twenty-five hundredths. Picking about beginning.
New Orleans, Louisiana.—There has been no rainfall here the
past week. The thermometer has averaged 82.
Shreveport, La.—Telegram not received.
Vicksburg, Mississippi— The weather during the week has
been1 warm and dry, no rain having fallen.
Columbus, Mississippi.—The weather during the week has been
warm and dry, rain having fallen on only one day.
The ther¬
mometer has'averaged 90, ranging from 85 to 95, and the rain¬
fall has reached seventy hundredths of an inch.
Little Rock, Arkansas.—The past week has been clear and
hot, excepting Friday, when we had a slight shower. Many
localities are reported as suffering very much from lack of rain.
Thermometer has averaged 83, ranging from 70 to 99.
Nashville, Tennessee.—It has rained on one day the past week,
the rainfall reaching forty-six hundredths of an inch, and more
is needed.
The thermometer has averaged 85, the extreme range
having been 71 to 100.
Memphis, Tennessee.—There has been no rainfall during the
week, and crops are suffering severely from drought. '1 he fields
are clear of weeds and grass.
The thermometer has ranged from
74 to 99, averaging 88.
Mobile, Alabama.—It has been showery one day of the week,
the rainfall reaching thirteen hundredths of an inch.
The crop
is developing" promisingly, but is needing rain badly in some
sections.
We hear rumors of the appearance of caterpillars, but
consider them of very little importance. The thermometer has
averaged 83, the extreme range having been 71 to 100.
not
Corn short.
46
THE
CHRONICLE.
Montgomery, Alabama.—Rain has fallen during the week on
days, the rainfall reaching one inch and twenty-six hun¬
dredths. The crop is developing promisingly. Reports
generally
good. Average thermometer, 84.
The movement each month since Sept. 1 has been
two
8*lma, Alabama.—Telegram not received.
Madison, Florida.—We have had no rainfall the past week.
The thermometer has averaged 92, the highest
being 94 and the
lowest 9*>. Crop accounts are less favorable.
Macon, Georgia.—'there has been no rainfall here the past
week, and crop accounts are less favorable. The cotton plant is
very much in need of rain, and is not growing on account of the
drought. Plants are very small, and fully three weeks behind
last year. Condition declining daily for want of rain.
The corn
crop i& nearly a total failure. Average thermometer 84, highest
99 and lowest 68.
The rainfall for the month of June
incor¬
was
rectly reported last week, and should read one inch and fortyhundredths this year, against three inches and
ninety-eight
seven
liundredt
last year.
s
[VOL. XXIX.
Year
Monthly
Receipts.
1878.
288,848
98,491
October..
689,264
578,533
Novemb’r
779,237
Decemb’r
893,664
January
February.
618,727
566,824
303,955
167,459
84,299
29,472
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142
.
March...
April....
May
June
Tot.Jn. 30 4,421,749
Perc’tage of tot. port
follows:
Beginning September 1.
1877.
Sept’mh’r
as
1876.
1875.
236,868
675,260
169,077
610,316
740,116
821,177
637,067
479,801
901,392
787,769
500,680
449,686
182,937
100,194
68,939
36,030
300,128
163,593
92,600
42.234
1874.
18^.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
59,501
81,780
56,010
I.
4,238,246 3,939,755 4,056,109 3,456,872 3,736,741
Columbus, Georgia.—It has rained slightly on one day, the
97-52
97-56
receipts June 30..
96-78
98-85
98-22
rainfall reaching eleven hundredths of an inch, but the rest of
This statement shows that
the week has been warm and dry.
up to June 30 the receipts at the
Crop accounts are less fav¬
orable.
The thermometer has averaged 86.
ports this year were 183,503 bales more than in 1877 and 481,994
Savannah, Georgia.—There has been no rainfall during the bales more than at the same time in 1876. By adding to the
week, and it has been very hot, the thermometer ranging from ibove totals to June 30 the daily receipts since that time, we
70 to 102, and averaging 86.
The June crop report is good, but shall be able to reach an exact comparison of the movement
for the different years.
not quite up to May prospects.
Augusta, Georgia.—We have bad light rains on three days
the past week, but not enough to do much
1878-79. 1877-78. 1876-77
1875-76. 1874-75.- 1873-74.
good, and the rest of
the we k has been hot and dry.
Accounts are still very unfav¬ T’l J’ne30
4,421,749 4,238,246 3,939,755 4,056,109 3,456,872 3,736,741
orable, and the plant generally looks bad from want of rain. The
343
948
8.
July
1....
1,073
486
thermometer has averaged 96, the highest point touched
1,456
having
2....
271
970
1,541
S.
been 102 and the lowest 71.
543
806
The rainfall has reached
eighty
3....
1,176
1,548
1,864
“
“
hundredths of
an
inch.
Charleston, South Carolina.—The weather during the week has
been warm and dry, and
vegetation is suffering for rai”. The
thermometer lias averaged 83, the extreme
range having been 71
to 106.
Last week it was showery one day. The thermometer
aged 80, the extreme range having been 73 to 89.
aver¬
following statements for the full
July 4:
Receipts this w’k at
1879.
New Orleans
week
1878.
ending Friday night,
1877.
1876.
1,007
1,293
1,117
2,973
244
618
120
550
83
63
185
860
363
823
Mobile
Charleston
870
Port Royal, &c
Savannah
1
12
41
27
95
232
1,303
986
828
Galveston
433
727
713
203
342
360
10
9
28
....
996
1,228
1,352
2,421
11
13
6
21
6
137
148
169
259
18
176
358
1,181
846
594
33
69
39
31
43
Indianola, <fcc
Tennessee, &c
Florida
North Carolina
Norfolk
City Point, <fcc
Total this week...
3,637
Total since Sept. 1. 4,424,540
5,949
6,102
3,206
8,661
4,243,264|3,944,758
6,531
4,064,770 3,464,465
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement
by weeks is not accurate,
as the weeks in different
years do not end on the same
day of the
consequently added to our other standing
daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week
ending to-night.
We also reprint the same table for last
week, which we were
unable to complete at that time.
month.
tables a
New
Or¬
D’ye
of
we’k leans.
Fri..
205
Bat..
"Mon
Char¬ Savan¬ Galleston. nah. vest’n.
9
11
186
78
27
3
105
32
26
93
29
4
10
23
325
1
25|
32
25
48
957;
534
127
....
10
92
76
861
1
2
102
14
247
84
PORT RECEIPTS FROM
of
welt
New
Or¬
leans.
Bat..
Mon
80
151
.
|
Nor¬
folk.
103
ieo
D’ys
1
18
Wed
Tot..
4, 1879, TO FRIDAY, JULY 11, 1879.
98
Tues
Thur
Fri..
Mo¬
bile.
Mo¬
bile.
....
22
350
230
48
4o;
52l|
32
Char¬ Savan¬ Galleston. nah. vest’n.
Nor¬
folk.
....
100
2
12
15
303
28
233
26
21
2
105
104
46
5
13
6
62
18
504
20
13
6
70
20
205
98
18
230
48
727
176
c
1
....
5
45
623
327
«...
304
•
169
•
•
•
....
6
....
622
244
63
....
232
9
•
•
•
•
....
9
•
48
188
30
658
•
•
•
840
914
961
7S0
849
1,184
656
452
3,045
6....
1,389
“
8....
639
930
“
9....
856
1,013
815
10....
322
796
798
1,128
11....
287
674
634
694
S.
S.
8.
8.
726
S.
668
3,201
1,289
1,505
1,006
1,782
1,323
679
872
S.
Total
4,427,572 4,247,517 3,948,385 4,067,195 3,465,251 3,751,150
Percentage of total
pt.rec’pte July 11..
97-74
97-78
that the
9704
99 09
98-61
receipts since Sept. 1
up to
to-night are now 180,055 bales more than they were to the same
day of the month in 1878, and 479,187 bales more than they
were to the same
day of the month in-1877. We add to the last
table the percentages of total
port receipts which had been
received July 11 in each of the years named.
Cotton Exchange Reports.—We give in another
column
a
synopsis of the Cotton Exchange crop reports for July as
received by telegraph. We shall
give the reports in full next
week after they are received
by mail, so that our readers can
have them for reference,
Bombay
Shipments.—According to our cable dispatch
to-day, there have been
bales
received
shipped from Bombay to
Great Britain the past week and 4,000
bales to the Continent ;
while the receipts at Bombay
bales.
during this week have been 7,000
January is as follows.
brought down to Thursday, July 10.
Ths movement since the 1st of
These figures are
8hipments this week
Great Conti¬
Brit’n.
1879
1878
1877
1876
nent.
Shipments since Jan. 1.
Great
Total. Britain.
Conti¬
4,000
9,000
4,000
4,000
From the
Total.
nent.
4,000 233,000 301,000
9,000 269,000 362,000
2,000 6,000 358,000 395,000
9,000 13,000 529,000 337,000]
foregoing it would
appear
534.000
631,000
753,000
866,000
Receipts.
This
Week.
Since
Jan. 1.
7,000
5,000
3,000
4,000
847,000
828,000
978,000
974,000
.
that, compared with last
year, there has been a decrease of 5,000 bales in the week’s
ship¬
ments from
Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 97,000 bales,
compared with the corresponding period of 1878.
415
According to our cable di-patch received last week, there had
1,389 been 10,000 bales
shipped from Bombay to Great Britain during
639
that week and 16,000 bales to the
Contiment; while the receipts
856
at Bombay the Fame week had been
322
13,000 bales. The move¬
237 ment since the 1st of
January was as follows. These figures were
3,661 brought down to Thursday, July 3.
'
....
1,163
1,315
8.
629
Wil¬
All
ming¬ others Total.
18
11
1,007
30
Total
ton.
56
Tot.
All
others.
415
7....
Shipments this week.
8ATURDAY, JUNE 28, ’79, TO FRIDAY, JULY
4, ’79,
Wed
Fri..
ton.
20
Tues
Thur
Wil¬
ming¬
5....
848
367
“
We have
PORT RECEIPTS FROM FRIDAY, JULY
761
“
“
650
629
This statement shows
1875.
2,518
1,009
2,067
4....
“
“
Last Week’s Receipts. - Our
telegrams gave our receipts
last week one day short, as Friday, July 4,
was a close holiday.
We have therefore made up for record and future reference
the
'
“
343
156
271
915
1,548
30
629
1,179
3,637
Great
Brit’n.
Conti¬
nent.
Shipments since Jan
Great
Total. Biitain.
Conti¬
nent.
1879 10,000 16,000 26,000 233,000 297,000
.1878 4,000 13,000 17,000 260,000 362,000
1877 7,000 6,000 13,000 354,000 393,000
1876 2,000 15,000 17.000 525.000 328.000
From the
1.
Total.
Receipts.
This
Week.
530,000 13,000
622,000 12,000
747,000 6,000
853,000 4,000
Since
Jan. 1,.
840,006
823,006
975,006
970,006
foregoing it would appear that, compared with last
there had been an increase of 9,000 bales in the week’s
shipments from Bombay to Europe, and that the total movement
since January 1 showed a decrease in
shipments of 93,000 bales,
compared with the corresponding period of 1878.
year,
>
THE CHRONICLE.
1879.]
July 12,
OF NATIONAL COTTON EXCHANGE
SUMMARY
47
REPORTS
FOR JULY
1, 1879.
—
•
Replis. Counties.
Change in
Acreage.
1878.
Galveston.
90
dry and favor¬
able.
All of Texas
Weather,
compared with
Weather.
95
5 not
good.
35
compared with
Condition.
favor¬
more
Condition
Present
Stands.
75 good;
5 report small in¬
able.
7 very good.
45 less favorable. creased acreage
10 not good.
8 favorable.
since June 1st.
3 bad.
7 same.
65
Remarks,
1878.
38 better.
7 same.
Few cott’n worms,
28 not so good.
but so far no dam¬
22 seven to 28 age done.
good.
20 very good.
8 not good.
2 bad.
day 8 later.
N. Orleans.
j
Louisiana
Part of
Mis-
104
28
lice and lo¬
custs. Complaints
weeks later.
of
)
V 128
33
Favorable.
No
More favorable.
Part of ?
Arkansas i
69
27
Mobile.
Part of Ala.
83
47
26
except 2
able.
More
18
Favorable.
Same
as
June.
Fair to good.
Good.
in
one
Same
as
June.
Fair to good.
Good.
14
days
\s
good.
to 10
i
Georgia. 5
Florida
of rain.
county.
■
Seven
days later.
Savannah.
Part of
Very much in need
Good to better.
Seven to 10 days
later.
favorable,
except
favorable.
Clean; free from Ten to
grass and weeds. later.
Good.
L01e>a favorable.
>
31
Good. *
favor¬
more
coun¬ 11 same.
ties.
S
sissippL )
Slight decrease.
drought
Better than ’78. Complaints of rold
Ten to 14 days nights
and too
later.
dry weather.
More
Very dry and cool More favorable
nights.
Dry and gener¬
ally favorable,
Good.
change.
com i Jain
two of
Favorable;
Good.
bottom lands.
crease.
8ifl8ippi. >
Part of
Mis-
Many
Report slight de¬ Good, except in
Dryer.
Very dry.
Some complaint of
102
28
....
Too dry. Nights
Not
56
too cold.
13
Seasonable,
30
Too
too cold
bul Not
nights.
Little
as
favorable.
as
favorable. Same
need¬ Good and free of Not
grass
Small.
ing rain.
change.
as
irregularity. The
Good, but
or no
in June.
promis¬ plant
has been
tr’bled with lice
Some caterpillars
in»*outh Georgia.
ing.
Too much
rain;
then
lice; now
want of rain.
Backward..
Good, but small.
Good.
as
Charleston.
All of 8. C..
82
55 less favorable.
No
17 more fav’rable
10 same.
dry.
Damage by—
additional
planting.
Generally good. Healthy
•
Hail In 1 county,
l ice. 6 counties.
& clean. Two weeks late.
Insufficient labor,
3 counties.
Norfolk.
and V
Va.
part
No.
of >
28
12 dry and cold.
20 16 favorable.
24 more favTable
4 less favorable.
No
change.
Good.
Good.
Lice reported
3 couuties.
Better.
Car..)
Memphis.
W. Tenu., |
No. Miss., !
N.E.Ark., f
No. Ala..
71 veiy fair.
71 good.
4 moderate.
7 bad.
72 very fav’rable
53 favorable.
28 unfavorable.
153
J
Nashville.
report labor¬
ers
working well,
or never
-
Increai
l more tilan 100 *.
24 more fav’rable
1 75 *.
1 25*. 25 excellent
1 leas favorable.
4 50*.
1 20*.
4 33*.
2 15*.
No. Ala
135
106 very flue.
39 good.
8 moderate.
in
18 re wort
well.
better.
working
5 report 10 days
23 much better.
earlier than ’7«.
2 same.
Good to excellent.
Compl’nt of want
of
rain.
Crop
Very clean. La¬
bor good.
Some lice, but no
vcrye.eun. Labor
good.
55
23 more fav’rable
1
7 less favorable.
M. Tenn
Augusta.
21 very
Increase—
33 *. | 2 25 *. 28 report good.
1 20*.
24
15
•
Generally good.
June.
1
Alexandria Receipts and Shipments.—Through arrange¬
we
have made with Messrs. Davies, Benachi & Co, of
ments
Liverpool and Alexandria,
we
shall hereafter receive a weekly
Alexandria, Egypt.
The
the movements of cotton at
receipts and shipments the past week, and for the correspond¬
ing weeks of the previous three years, have been as follows :
Alexandria, Egypt, July 10.
1879.
1878.
1877.
i
1876.
Exports
This week
2,000
Since September 1...
1,000
September 1...
248,2‘0
403,000
1,000
1,000
432.000
465.000
A canttir is 08 lbs.
Exported to—
bales.
Gunny Bvos,
Bagoi
<o,
have
been
&o.—Lagging has been in moderate
reported moving, and the m irket i
demand, and fair Lots are
ruling very steady in tone. There are sales reported of 7<*Ou)800
rolls t 0^ u)lOfc. as to quality, an * the market, is very steady a
close
at 9[c for l|lb3.. 10c. for 2 lbs
aui 10J cl c. for stand¬
qualities. Butts have also been rathe * more active a id the
feeling is very hnn. We hear of transactions of 4,01) bales
fair bagging quality at 2 7-Id
15-3,'c., cash, and 40* bales
prims quality at 2fc. for forward shipment from Calcutta. There
have been two arrivals during the week —Arundel Castle, 3,877
1
bales, and the Causbrooke Castle, 5,797 bales-b >th of which
were placed
previously. Ordinary paper qual tv on spot is now
held n 2|c., with an upwar tendency,
t he cable news of the
burning of the Camperdown Co.*8 Jute Mills at ,’alcutta, with
10,0;K> bales butts, gives a strong tone to the market, with iudi-.
cations of an advance in the near future.
:
Liverpool
to
ports
Week ending—
we
can¬
not
promise an
average > ield for
Great Britain
June
18.
June
25.
July ’ July !
2.*
1.542
^8J
2,783
882
i
Bremen and Hanover
;
3,6(0 210,055 320,119
1,000
13,895
9,102
100
115
13.995-
to
14,273: 20,718
i
North. Europe
9,217
I
,
2,202
:
Other ports. ;
Total
year.
,553
j
Hamburg
date,
I
3,000 238,232 314,437
7,823
5,682
1,000
592
:
!
period
previ’us
9,011
i
5! <2
Total French
9.
Same
Total to
,
!
Havre
Other French ports
1
—
•
ard
Fensoi-,
this department.
—
2,7 -»3
Other British
Total
This statement shows that the receipts the past week
been 2,0 M cantars, an< the shipments to all Europe have
15 to 2( i days late.
2 more favorable.
Cotton (bales) from New York since Sept. I, 1878.
j
;
Exports to Europe (bales)—
*
of
..1
1,665,000 2,586,000 2,700,000 2,870,000
TliiH week
good, free from
grass, with slow
growth.
The Exports ok Cotton from New York this we- k show a
decre
as
nmipirwtt. 1 *s
- t; k. the totil r^uPiing 3,(J0 )
bales,
gam t •*. »L7 b t• s
w
k.
B *lo v w-* give • u maal
able shoivi g t ie
xp rr. • of ■
*
run New Yo -It. h i i r *i»-ir
r cii'Mi, f.r • ach o
• • h'k-; also th
i* e a 1 f ui
ml Hoping
a .ii dir*cio • since
S-pr. I, 13.’4
1 i » tile las c 1 i n i t'ie tnal
to
li
?»m
* it.
p *ri »d o' r. > p
i
Receipts (cantars*)—
Since
Pl’nt unprecedent¬
edly sinal. Un¬
Owing to drought less general rains
| ing and blooming
22 not so good.
balance of
the
well.
Generally
suffering for
rain.
cable of
yet.
very small.
Some report form¬
-
2 favorable.
22 less favorable.
1 rain, 1 to 15th
2 as favorable.
Now
us
1 Weed
dry cold
nights.
Part of Ga.
damage
4,986
19,2w6
■
!
*
-
Spain, Op’rto, GibraltT, <fec
1
All other
Total
Spain, &c
Grand total..
*
2,783
1.174
5.617
3,660 284 970 376.644
Corrected.
he
B ft
S p
<mi
Followin
P n ad Ip
1 ark thk
ember l, 1878.
a
iu«I Ihi
*
R ceJPTS op Cotton at New
iiii-Kf
York,
for the past week, and eiooft
CHRONICLE
THE
48
This
Since
This
from—
Since
week. Sept. 1. week. Sept. 1.
«r»-
N. Orl’ans
Texas....
Savannah
15
334 142,307
Mobil o
Florida...
S.Carolina
N.Car’lina
4
Foreign
..
j Since
This
vreek.
Since
Sept.l.
Sept. 1.
840
••••••
3,040
24,269
46,493
418
3
59
56,460
13.245
53.245
27
1,023 134,858
223 104,621
106
60,786
27,300
106
88,980
480161,328
7
This year.
4,770^889,926
Last year.
5,102*919,3101 2,701337,709!
closing price of Middling
Uplands 6i5led., of Middling Orleans 7d. Estimated sales of the day
6,000 bales, of which 1,000 were for speculation and export. Futures
closed firmer; more buyers at last quotations.
The actual sales of futures at Liverpool, for the same week, are given
below. These sales are on the basis of Uplands, Low Middling clause,,
Friday
d.
62932
678®2932
63i32
July
July-Aug
Aug.-Sept
856!71,410
1,366 148,103
night of this week.
Oct.-Nov
3,660
499
300
231
1,517
Total
5,976
particulars of these shipments, arranged in our usual form,
Total.
Vera Cruz.
Liverpool.
3,660
3,660
499
499
300
300
1,517
Bjston
1,517
499
5,477
Total
5,976
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Below
we
Oct.-Nov
Nov.-Dee
6i5lfi
Aug.-Sept
I'd) 132'SV
Sept.-Oct 7132'2' *16® *32
sail
6%=
Aug.-Sept
71 og.
Sept.-Oct..
^iis.
Monday.
*
Delivery.
6,Lj
6i516 Nov.-Dee
•63132
63132 July
July-Aug
.615ie
7116
7^32®^i6 Aug.-Sept
7732
62o32@34
July
July-Aug
Aug.-Sept
Sept.-Oct
Oct.-Nov
Delivei'y.
Sept.-Oct
Aug.-Sept
7132
7
62332.
6i532:
Oct.-Nov
Nov.-Dee
Tuesday.
Delivery.
62132®
Aug.-Sept
6i°i6
Aug.-Sept.
62932
Delivery.
Oct.-Nov
6 7s 3> 2732
67s^2732
Aug.-Sept.. 6i5ie^2y32
Oi^ie
Sept.-Oct
July
July-Aug
Nov.-Dec
6133a
Shipment.
Dec.-Jan., n. crop,
.
sail..
6H32
I
Delivery.
62532 | Sept.-Oot
61310 Nov.-Dee
6i5ie.
Wednesday.
Delivery.
Delivery.
I
July-Aug
*. 61516 I July-Aug...
Aug.-Sept
678 - July-Aug
Sept.-Oct... 6ioie®2932 I
63g
I
Thursday.
Delivery.
I
Delivery.
July-Aug ...6i316©2532 I Oct.-Nov.. .. 69ie®i732 I July-Aug
Aug.-Sept. 6273o@i3j6 I Nov.-Dee
6H32 I Sept.-Oct
62932®78 1
Sept.-Oct
I
Delivery.
63*
62732.-
.
Friday.
Delivery.
July-Aug... 61316®2532 I Oct.-Nov
Aug.-Sept
67s
Nov.-Dee
Sept.-Oct —Gi^iq®2932 |
Delivery.
Bark Septentrio (Nor.) arrived at New York, July 8,
with 450 bales cotton saved from the stranded
steamship Lartington (Br.), from Savannah for Reval.
I
.
j
Delivery.
;
61932 I Sept...
GSg
July-Aug
...63i32:
6i31&
BREAD8TUFFS.
from. Bermuda,
Hulphers, which arrived at New York, July 1, from
Delivery.
.634
.0*2
Delivery.
liARTiNGTON, (Br.)
Thetis, steamer,
d.
u. crop,
■6716
Delivery.
Delivery.
July-Aug
follows:
New Orleans
B iltimore
Shipment,
Nov.-Dee.,
62l32 ®ni6
Nov.-Dee
Delivery.
Germanic, 1,182
Algeria, 384
Montana, 200
New Orleans—To Vera Cruz, per schooner Seguin, 499
Baltimore—To Liverpool, per steamer Californian, 300
Boston—To Liverpool, per steamers Linliope, 162 (omitted pre¬
viously)
Pembroke, 25
Bohemian,
Brazilian, 1,099
Jeranos, 1,894
New York
d.
.7
Sept.-Oct
Total bales.
New York—To Liverpool, per steamers
are as
(July 4.)
Delivery.
Delivery.
Saturday.
1,263 358,076
Shipping .News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reachec
5,976 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
The Chronicle, last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
The
market, moderate inquiry freely supplied;
2i,018
45
100
2
The market, Ac., for Friday, July 4 (5 P. M. despatch), on which day
the regular cable despatch was not received, were as follows: Spot
unless otherwise stated.
19,981
436 92,643
74 40,233
96 143,991
4
6,524
21 147,561
264
9,724
Virginia..
North.p’ts
Tenu., Ac.
This
wTeek.
11,679
13,477
34,704
2,170
2,481 160,890
1,056 126,072
Baltimore.
Philadelphia.
Boston.
New York.
Receipts
[Vol. XXIX.
Friday, P. M., July 11,1879.
active and
buoyant market for flour in the
Norfolk, on June 30, at night, off Squan Iulet, broke the crank;
was taken in tow by steamer Albermarle, from Lewes, DeL, and
The improvement in prices extended to all grades,
past week.
towed to port.
Baden, ship, of and from New Orleans, King, for Liverpool, before but is most conspicuous in the common and medium extras.
reported, was abandoned June 11, off banks of Newfoundland, lat. These are fully 25c. higher, and some of them are held for an
40, Ion. 53, in a sinking state, with 14 feet water in hold; captain
The extremes of grades, low to choice, are
(Hall, not Doaue, as reported last week) and crew taken off by the advance of 50 cents.
German bark China, from New* York for Antwerp, from which they
only 10@20c. higher. There were very large sales on Wednes¬
were transferred to No. 8 pilot-cutter and landed at Falmouth, E.
Marcia Greenleaf, ship, from New Orleans for Reval, which was at
day at $4 30@4 50 for common shipping extras and $5 25@
Queenstown leaky, Ac., sailed thence July 3, having repaired.
Mary E. Riggs. The cargo of cotton of ship Mary E. Riggs, from Ncav
$5 50 for choice shipping extras; but yesterday the whole
Orleans for Bremen, before reported w recked on French Reef, w as
market was quieter and the advance barely maintained. To¬
taken forward from Key West to its destination July 7, by British
steamer Melanese.
day, there was an unsettled and generally easier market for
Cotton freights the past week have been as follows:
wheat flour, but there was some advance in rye flour and corn
Mon.
Satur.
Liverpool, 6team d.
sail
do
.
sail
d.
c.
Bremen, steam, .c.
do
sail
c.
Hamburg, steam. c.
sail
do
...Cj
Wednes.
Thurs.
Fri.
he'Skj 316® *4 316® x4 316® 14 316'g)l4
316®13G4 316® l364 316®1364 316®1364 316®1364
!
'a)
Havre, steam—c.
do
Tues.
*2*
...®*12
*2
...®12*
...®12
...®
I
>»
a
...®12*
..
.
,.
...
.®’42
®*2*
®
’*2*
O
...®12
►—I
•
..
-® *2
...©^
...@
...©
...®
...rd)
...@
...@
....
®
^2
.'S)12*
...®
...®12*
.
...®7ie
...®7i6 ...®7i6
...®*916 -.-®*916 ---®*916 ...®*9ie
k—<
..
...®1$
...
...
...
®
^2
*2*
®*916
®
*2
There has been
an
meal.
There
*
very buoyant wheat
under review, caused by
was a
the week
the West of
market in the first half of
dismal crop accounts from
Europe and the prevalence of destructive storms
in the Northwest.
The advance in winter wheat culminated
on
Tuesday, with sales of No. 2 red as high as $1 22@1 23 on the
spot, $1 20@1 20% for July, $1 15(8)1 15% for August and $114.
@1 14% for September. No. 1 white $1 20 on the spot. On
Wednesday, spring was firmer, but winter dull and weak. The
sales included about a quarter million bushels No. 2 spring a
-®
'©....
...®....
Baltic, staam—d.
$115@116, mostly at the inside price for early arrival. Yes¬
...®
do
sail
id.
terday, prices were again easier. There was a return of good
Compressed.
Liverpool.—By cable from Liverpool, we have the following weather in the Northwest, and accounts from the winter wheat
statement of the week’s sales, stocks, &c., at that port :
regions were excellent. To-day, there was a wreak opening,
with sales of No. 2 red winter at $1 16 for July, $1 11@1 11%
June 20. June 27.
J11I3* 11.
July 4.
for August and $1 10(8)1 10% for September; but the decline
42,000
Bales of the week
38,000
39,000
38,000
bales.
4,000 was fully recovered, with a feverish, unsettled tone prevailing.
4,000
7,000
6,000
Forwarded
29.000
30,000
31,000
28,000
Bales American
Indian corn has been fairly active, and a considerable portion
5,000
3,000
5,000
Of which exporters took
4,000
1,000 of the current receipts sent to storev Prices are consequently
1,000
Of which speculators took..
2,000
2,000
636,000
589,000
606,000
622,000
Total stock
It is rather too cool and dry for the growing crop.
469,000
491,000
451,000 better.
475,000
Of which American
55,000
72,000
32,000
10,000 No. 2 mixed has been sold largely for export at 45%@45%c.
Total import of the week
54,000
9,000
44,000
17,000
Of which American
3,000
Other grades without feature
4,000
6,000
3,000 and steamer mixed at 45@45%c.
Actual export..
277,000
231,000
217,000
218,000
Amount afloat
of
importance or important change. To-day, the market was
51,000
94,000
38.000
Of which American
33,000
without important change, No. 2 mixed selling at 46c. for
Tne tone of the Liverpool market for spots and futures, each day of
the week ending July 11, and the daily closing prices of spot cotton,
August and 47c. for September, and there was a large business
have been as follows:
Amst’d’m, steam c.
do
sail
r
..
c.
|
.
.
.
.'a)
...-®
..
•
*
....
in No. 2 white at 50c.
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y
Spot.
A
Market,
12:30 p.m.
Mid.
J
Upl’ds
Mid. Orl’ns.
Market,
)
5 P. M.
j
Harden^. Harden’g.
shade
easier.
Friday.
Mod.
inq.
freely
supplied.
Quiet.
Firmer.
61&16
7
615i6
67e
678
67s
7
7116
7
61516
61o16
615ie
Oats have been taken to
Bpec. A exp.
1,000
8,000
1,000
5,000
1,000
6,000
1,000
7,000
1,000
8,000
1,000
Futures.
\
J
some
extent for export,
Quiet
Firm.
Dull.
but
steady.
eral demand has been dull,
40c. for mixed and 41c. for white.
Firm.
Steady.
Firm.
and advanced,
including No. 2 Chicago mixed at 39^c.; but the gen¬
and prices were latterly depressed.
To-day, the market was unsettled, with No. 2 graded quoted at
the sales
8.000
5 P. M.
State.
—
—
Bales
Market,
Rye has been in demand, and large sales were made of prime
StUte and Canada at 64%@65e. To-day, there was an advance,
with small sales at 63%c. for No. 2 Western and 66c. for No. 1
The following are
closing quotations:
.
July
THE
12, 1879.]
$ bbl.
State and
•Superfine
$2 70®
No.3 spring,
No. 2 spring
3 60® 4 00
Western
4 20®
Extra State, &c
Western spring wheat
4 35
$ bu. $1 00
White..
No. 1 white
Cora—West, mixed
Western winter ship4
5 00® 6
6 00® 8
4 30® 5
do XX and XXX...
Minnesota patents...
City shipping extras.
Southern bakers’ and
family brands
5 40®
4 60®
3 40®
Soutli’n ship’g extras.
Eye flour, superfine..
Corn meal—
Western, &c....
Brandywine, &c....
Western No. 2...
Yellow Southern.
White
do
85
4 40®
pins: extras
00
00
50
Rye—Western
State aiid Canada
6 40
5 25
3 70
Oats—Mixed
White
Barley—Canada W.
State, 4-rowed...
2 00®
2 60®
.....
State, 2-rowcd...
Peas—Cau’da,b.& f.
2 40
®1 02
® 1 14
®
87
®1 20
®1 20
1 12
84
1 18
1 13
®
1 18
43 ®
45 q®
46 ®
48
®
62
®
65
®
38
®
40 ®
Rejected spring..
Red winter, No. 2
4 15® 4 40
4 50® 6 00
extras
do XX and XXX...
From —
Montreal
Wheat—
3 40
.®
.®
.®
75 ®
At—
Chicago
...
Milwaukee....
...
Toledo
Detroit..
Cleveland....
•St. Louis
...
...
iPeoria
Duluth
...
Wheat,
Corn,
Oats,
bbls.
bush.
bush.
bush.
Philadelphia.
46
45 q
47
52
64
67
41
44
......
......
92
Rye,
bush.
hush.
...
receipts at
968,692 2,263,528
1,616,996 2,034,554
798,002 1,621,909
24,214 52,775
19,110 54,024
37,366 30,638
470,467
544,289
518,651
ports from Jan. 1 to July 5, inclusive,
same
for four years:
1879.
1878.
1877.
1876.
,
Flour
bbls.
3,275,531
2,915,221
2,050,363
2,693,913
Wheat
Corn
•Oats
bush.
31,062,064
47,628,227
14,438,782
29,763,770
46,526,293
12,786,214
8,306,338
35,937,610
9,714,436
23.679,590
37,993,198
12,585,709
2,351,159
1,599,631
2,855,948
2,651,389
2,982,723
1,925,103
996,563
917,215
93,857,337
57,521,733
78.112,435
Barley
Ttye
Total
grain
....
97,079,363.
Total
to
receipts (crop movement) at the
July 5, inclusive, for four years:
1877-8.
ports from Aug. 1
1876-7.
1875-6.
bbls.
6,010,087
5,687,615
4,709,055
5,099,876
.bush.
87,160,830
87,698,622
30,393,594
9,492,905
4,555,974
73,249,020
81,615.909
25,197,771
9,334,80*
3,901,920
37,699,323
74,836,521
20,760,223
8,424,239
2,764,572
63,522,296
58,495,870
27,238,341
7.619,321
2,137,065
219,306,925
193,299,423
144,534,318
159,012,893
1878-9.
Flour
Wheat
<V~n
O-rs
same
Buley
Itye
:...
Total grain
....
Comparative shipments of flour and grain from the
ports from Jan. 1 to July 5, inclusive, for four years:
Flour
bbls.
Wheat..... bush.
Corn....
Oate
Total grain
....
Rail and lake
1879.
1878.
1877.
2,954,800
2,070,606
2,862,612
34,559,902
10,447 961
1,212,357
62,295,510
1876.
27,771,852
22,030,243
39,946,331
1,998,406
1,435,057
1,544,939
1,583,342
8.798,930
29,266,615
7,181,615
1,996,477
762,802
83,713,074
73,289,969
48,006,439
Barley
Rye
same
3,442,674
41,620,066
10,887,693
8,135,104
shipments from
same
22,235,015
840.275
ports for the last four
weeks:
Week
ending—
Flour,
Wheat,
bbls.
bush.
104,735
122,363
124,620
129,209
1,642,352
1.109,272
1,012,467
1,131,391
Corn,
Oats,
bush.
bush.
1,702,874
1,956.611
3,359,613
3,2u7,498
432,902
599,898
569,838
570,274
.
Total for w’k 89,701
Previous week. 125,980
Two weeks ago 109,207
Same time *78.
67,162
Barley,
Rye\
bush.
bush.
Wheat,
Corn,
Oats,
bush.
Rye,
bush.
bush.
bush.
Peas,
bush.
151,180
228,416
305,726
138,280
369,299
505,823
100
60
596
1,352,878
2,087,521
2,033,940
3,200
2,167,712
86.350
1,599 142,369
2,546,962
2,948,854
3,290
43,503
6,090
50,362
2,623
8,025
910,036
40,119
22,000
1,513,679 125,310
73,400
67,950
125
77,928
The visible supply of grain,
comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and canal, July 5, was as follows
:
In Store at—
New York
Do. afloat (est.)
Wheat,
Cora,
Oats,
Barley,
bush.
bush.
bush.
Rye,
bush.
bush.
1,159,019
110,000
Albany
800
Buffalo
1,815,246
3,825,035
1,493,035
154,846
134,424
165,800
180,000
127,667
Chicago
Milwaukee
Duiuih
Toledo
(56 11)8.) (32 lbs.) (48 lbs.) (56 lbs.)
(196 lbs.) (60 lbs.)
396,450 1,877,725 264,672 13,431 34,217
46,013
27,050
236,210
35,170
3,010 6,240
28,219
431
172
13,933
94,055
53,739
808
2,861
171,850
8,086
10,000
11,500
7,500
2,730
144,515
2,273 4,779
74,826
7,671
107,675
910
12.800
70,400
126,160
5,500 6,300
45,628
12,743
4,000
Total
92,606
Previous week... 113,883
Same time *78
82,*06
Total
Barley,
bbls.
200
Baltimore
Receipts of flour and grain at Western lake and river ports
for the week ending July 5:
Flour,
49
Flour,
GRAIN.
FLOUR.
No.. 2
CHRONICLE
Detroit
Oswego
St. Louis
Boston
1,360
Toronto
Montreal
129,290
135,999
163,531
Philadelphia
Peoria
11.761
Indianapolis
Kansas City
6,200
76,348
Baltimore
Rail shipments...
Lake shipments..
On Canal
Total
June 28, ’79
June 21, ’79
June 14, ’79
June 7,’79
July
296,440
285,227
1,357,125
555,000
1,917,747
110,000
211,662
45,099
60,147
28,500
736,385
119,000
18,120
360,281
6,882
6,200
86,590
37,000
29,795
92,890
11,264
8,000
889
3,199,922
18,443
49,061
288,640
11,024
31,915
20,504
140.000
696,746
118,566
28,922
42,828
15,900
32,141
683,822
117,621
117,969
208.837
200
21,300
45,108
736,134
650,388
78,203
94
27,000
1,000
1,108
33,755
22,000
19,548
33,749
1,632
5,534
63,621
9.858
10,250
2,689
270,275
3.900
126
11,137
19,624
541
24,000
20,000
40.104
11,547,230 1,581,995
366,334
11,463,622 2,027,994
378,852
11,516,571 2,051,644 441,396
11,666,721 1,981,291
531,285
12,135,6401,008,039
652,459
4,612,433 7,374,431 1,617,704 1,037,466
428,074
435,506
434,406
458,265
593,39~
339,086
1,052,486
686,000
162,627
130,000
12,184,153
13.438,605
13,892,032
13,930,323
15,601,433
6,’78.
THE DRY GOODS TRADE.
Friday, P. M., July 11, 1879.
The
dry goods trade has not yet recovered from the effect of
holidays, which caused an exodus of buyers from the
city; business has therefore remained quiet during the past
week. There was a moderate demand, however, for staple and
department goods through the medium of orders, but personal
selections were individually small and light in the aggregate
amount.
Dark prints received a little more attention from
jobbers who are making shipments by canal, and in this connec¬
tion some fair transactions were reported, but other makes of
autumn goods (of a fancy character) were little sought for.
Values were firmly maintained on all staple fabrics of domestic
and foreign manufacture, and stocks are so well conditioned
that a steady market for some time to come seems assured.
Domestic Cotton Goods.—The export demand for cotton goods
has been steadily maintained (despite the late advance in prices)
and 2,594 packages were shipped from this port to markets
abroad during the week ending July 8, including 1,840 to Great
the late
Britain, 473 to Brazil, 119 to U. S. of Colombia, 51 to Sandwich
Islands, 44 to British West Indies, &c. The tone of the market
continued very strong and a slight farther advance was made
makes of brown and bleached
goods, grain bags, &c.
comparatively light, but agents con¬
16,089
tinued to make large deliveries on account of former orders,
30,867 62,322
and many makes of both plain and colored cottons are still sold
Total, 4 w’ks. 480,927 4,895,982 10,226,596 2,172,912 76,380 229,966
Tot.4wks’78 389,333 3,164,498 6,779,031 1,401,118 54,600 162,792 ahead for many weeks, “ at value.”
Grain bags were in notice¬
ably
good
by
the
Western
trade,
and there was a welldemand
Receipts of flour and grain at seaboard ports for the week
sustained
in
cotton warps and cop yarns.
movement
Print
ended July 5:
July
5
June 28
June 21
Jime 14
.....
At—
-
Flour,
Wheat,
Com,
Oats,
bbls.
bush.
bush.
bush.
New York
Boston
Portland
Montreal
68,125
Philadelphia.....
11,490
9,799
9,802
401,900
16,800
24,741
9
18’,880
Baltimore
New Orleans
198,646
143,980
406,250
6,643
11,678
17,746
Barley,
bush.
942,524 204,201
184,600 38,000
4,200
1,200
106,043
689
253.500 59,500
323.500 10,500
49,405 51,376
**480
Wheat
6,380
24,105
7,876
47,400
31,100
31,427
6,998
72,470
years:
1879*
1878.
1877.
5,064,760
4,225,187
3,303,568
4,697,173
bush.
42,698,543
62,955,731
10,755,742
35,696,948
60,946,101
10,125,254
2,391,042
5,031,116
41,933,706
8,657,288
22,296,263
45,038,937
Cora
Oats
Barley..........
Rye
Total
I!.*!"
2,000
1,500
bbls.
i
Flour
Rye,
hush.
43,900
...
July 5, inclusive, for four
63,923
61,092
5,900
Total week
145,337 1,174,219 1,803,772 365,466
Previous week... 213,187 1,528,547 2,873,991531,730
Cor. week ’78.... 129,108 1,083,524 1,894,415 604,430
Cor. week’77
69,313
184,618 1,383,642 453,799
And from Jan. 1 to
39,624
1,481,477
2,005,490
119,896,983
1876.
2,433,825
1,831,347
611,372
111,593,170
58,064,829
11,642,030
1,950,219
731,819
81,659,268
Exports from United States seaboard ports and from Montreal,
for week ending July 5:
.
From—
New York
Boston
Portland
Flour,
Wheat,
bbls.
bush.
57,569
21,284
604,222
3,&34
Cora,
Oats,
bush.
[bush.
743,853
2,790
276,685
250
Rye,
bush.
bush.
64,350
2,663
......
-
Peas,
on some
The current demand
was
cloths remained dull and
a
fraction lower—sales of 64x64s hav¬
ing been made at 4%@4 5-16c. cash, and 56x60s at 3%c. cash.
prints there was more demand by buyers for remote
sections of the country, and robes continued in fair request.
For dark
Domestic Woolen Goods.—There
men’s-wear woolens
was
a
fair movement in
account of former
orders, but new deal¬
few and comparatively unimportant. Stocks of fancy
cassimeres, cheviots and worsted coatings are generally in good
shape, and as no surplusage of desirable styles exists, prices are
maintained with unusual firmness. Overcoatings were only in
limited request, but values are unchanged. Cloakings, beavers
and repellents were sought for in fair quantities by cloak man¬
ufacturers and jobbers, and there was a tendency toward higher
prices on some makes of the latter. Kentucky jeans were in
fair request, and such leading makes of doeskins as “ Hum¬
boldt,” “Chelton,” “Deer Island,” &c., were advanced by
agents. For flannels and blankets the current demand was
strictly moderate, but fair deliveries were made in execution of
ings
on
were
back orders.
Foreign Dry Goods.—No features of interest were
in the market for imported dry goods, and business
as is always the case “ between
sustained on the most staple fabrics,
quiet,
are
notably firm.
seasons.”
developed
continued
Prices are weU
and silks and linen gooda
THE CHRONICLE
50
rvou xxix.
Importations of Dry Goods.
Receipts of Leading Articles of Domestic Produce.
importations of dry goods at this port for the week ending
July 10, 1879, and for the corresponding weeks of 1878 anjjl
following table, based upon daily reports made to the
Exchange, shows the receipts of leading
articles of domestic produce in New York for the week ending
with Tuesday last (corresponding with the week for exports);
also the receipts from January 1, 1879, to that day, and for the
corresponding period in 1878:
The
1877, have been as follows:
ENTERED FOR CONSUMPTION FOR THE
Value.
Pkgs.
Value.
Pkgs.
$
Manufactures of—
$
242,721
133,474
49,290
856,153
2,383
237,066
Cotton
702
415
593
426
193,602
2,721
Total
Miscellaneous
127
124
51
301
7
53,830
610
205,190
856,153
*
1,144
231,228
614
342.913
118,149
36,974
1,355
237,590
44,902
774,164
3,696 1,101,356
134
108
26
208
356
57,200
41,629
47,896
4,635
425
172,125
303,826
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.
Manufactures of—
Wool
Cotton
Silk
Flax
Value.
$
178,550
209,263
585
Miscellaneous
Pkgs.
446
685
406
614
232
Wool
Silk
Flax
1879.
1878.
1877.
e*\
10, 1879.
WEEK ENDING JULY
The
New York Produce
158
MARKET
THE
101
110
69
177
69 6
58,191
51,887
19,414
41,942
11,168
DUR¬
42,590
53,916
43,265
28,212
5,929
Week
ending
July 8.
.bbls.
...bbls.
114
682
.bbls.
.bbls.
..bush.
..bush.
Rye
..bush.
Corn
.hush.
Oats
Barley and malt.. .bush.
.bush.
Peas
..bales.
Cotton
bbls.
Cotton seed oil
Flax seed
.bags.
Grass seed
.bags.
83,923
Ashes
Beans
Breadstuff's—
..
Flour, wheat
..
Corn meal
Wheat
..
.
.
.
1,235
484,350
26,040
1,161,308
166,250
58,590
14,800
6,893
.
Total
2,721
Ent’d for consumpt.
Total
on
market...
832
2,383
3,215
3,331 1,061,343
1,153
173,912
3,696 1,101,356
182,602
774,164
4,849 1,275,268
956,766
ENTERED FOR WAREHOUSE DURING SAME PERIOD.
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
1,992
199,856
67,406
47,351
83,866
41,502
Total
Ent’d for consumpt.
3,228
2,721
439,981
856,153
476
205
73
482
Total at the port...
211
189
30
127
521
1,081
2,383
5,949 1,296,134
61,478
43,089
26,010
35,453
19,911
316
330
54
244
33
185,941
774,164
977
3,464
82,594
45,680
27,630
44,781
2,795
203,480
3,696 1,101,356
4,673 1.304,836
960.105
Imports of Leading: Articles.
The following table, compiled from Custom
shows the foreign imports of leading articles at
House returns,
this port since
period in 1878:
January 1, 1879, and for the
same
[The quantity is given in packages when not otherwise specified.]
1879.
1878.
1879.
j.-j
5,967
19,627
120,383
10,520
19,902
124,491
.
17,529
2,731
Glassware.
Glass plate.
3,059
5,099
22,408
Buttons
4,618
46,489
Coal, tons...
Cocoa, bags.
Coffee, bags.
17,201
12,147
1,177,594
845,884
Cotton,bales
8,525
2,668
Drugs, Ac—
Bark, Peru.
Blea. powd.
22,549
1,981
28,471
3,183
3,329
1,527
25,599
Gum, Arab.
Indigo
Madder, Ac
Oil, Olive..
..
|Soda, ash..
Flax
Furs
Hair
Tin, boxes.
Tinslb8.,lbs
Paper Stock.
Sugar, hhds,
tcs., & bids.
Sugar, boxes
and bags...
435
33,940, Fancy goods
1,668
4,470
1,8871
500
588;
3,282'
393,388
29,752
1.134,694
514,915
30,938
299
291
54,756
92,838
47,079
79,065
18,423
.bales.
..bales.
546
.
Hops
815
Ivory
Jewelry ,&cJewelry...
Watches
Linseed
Molasses....
1,368
342
2S0!
.
267,079
61,122
Lemons
..
Oranges
Nuts
Raisins
.
...
....
Ginger..
Saltpetre
2,063
29l|
265
bbls.
.pkgs.
3,335
247,032
55
11,458
..bush.
835
62,562
44,722
.pkgs.
859
740
163,151
22,697
968,413
162,151
32,481
946
London
299
105
75
20
Glasgow
Bristol
Rotterdam.
..
Bremen
•••••.
Antwerp....
Hamburg....
Logwood
Havre
Cout’l ports..
S.&C.America
West Indies
Br. N. A. Col.
..
41
Lard,
lbs.
2,137,594
147
25
16,000
......
326
1,777
5
10
20
35
564
150
Oth’rcountr’s
.galls;
32,507
33,570
101,465
5,394
6,338
.
.
-
535
....No.
,.,,
528
532
123
..pkgs.
.slabs.
.
Stearine
.pkgs.
.
...bbls.
hhds.
.
..pkgs.
670
boxes & cases.
..hhds.
2,236
2,976
2,479
...bbls.
..bales.
Whiskey
Wool..."
Exports of Leading
6,081
718,961
560,801
1,120,997
315,460
703,580
862,766
291,401
472,848
29,971
49,869
21,412
61,595
17,927
1,106
29,347
57,051
81,236
37,998
159,284
66,642
474,325
23,450
19,807
16,475
12,970
488
11,758
45,433
88,763
67,088
105,000
45,383
Articles of Domestic Produce.
following table, based upon Custom House returns, shows
exports from New York of all leading articles of domestic
The
the
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1879, to the same day, and for the
corresponding period in 1878: •
Beeswax
..
...
..
124,206
Week
ending
July 8.
Since Jan. 1,
1879.
Same time
last year.
217,062
89,072
265,343
175,626
193,998
119,043
247,449
81,363
384,530
249,466
22,398
400,872
106^833
100,038
Bacon,
Cheese,
lbs.
lbs.
Tallow,
lbs.
76,463
32,960
Sjrtfin
177,393
348,800
161,600
9,410,882 3,689,558
495,625
42,720
444,575
397,260
21 000
524,160
35,625
449,450
77,175
80,386
476,800
2,387,948
366,381
375,530
8,429
192,790
34,600
400
379
#
1,734
98,586
192,400
320,100
55,000
51,700
110,000
Flour, wheat
Flour, rye
Wheat
..
bbls.
bbls.
bbls.
.bush.
37,388
265
2,430
665,954
78,709
Oats
..
Peas."
..
Corn
..
Candles
Coal
tons.
...bales.
Hay
Hops
...bales.
.bales.
6.743
1.997
5.946,840 11,839.661 6,316,631 2,140,435
4,175
2,594
817
76
..
Naval Stores—
Crude turpentine.
Spirits turpentine.
Rosin
Pitch
Oil cake
Oils—
Whale
Lard
Linseed
Petroleum
Provisions—
Pork
Beef.
Beef
Cutmeats
28,238
114,039
1,529,017
3,789
86,923
23,203,452
2,213,865
338,620
101,770
192,670
17,821,007
33,365
42,804
140,210
70,281
32,361
13,502
1,299,221
135
8,894
124,657
4,756
3,720
cwt.
5,357
917,349
....gals.
gals.
25,710
93
138,249
93,645
673,402
6,017
226,187
322,377
686,170
4,000
.gals.
8,069,451
105,116,024
84,058,177
.bbls.
bbls.
.tierces.
.....lbs.
3,163
2,350,444
127,789
27,361
31»078
333,428,615
16,875,281
57,044,757
141,805,162
39
8,978
450,766
38,784,719
1.273
25,772
137,204
26,050
36,793
280,546,692
7,955,482
59,236,674
163,460,167
11,881
41,053,594
37,648
1,217
13,845
3,695,068
31,916
28,719
3,662,448
78,126
42
35
15,094 '
3,013
'
1,255,629
r'
...
lbs.
lbs.
lbs.
698
694
9,910,404
435,507
4,288,598
hhds.
bales and cases.
manufactured, lbs.
Whalebone
100
5,393
103,211
4,112
5,952
639
...
..:
Tobacco, leaf
Tobacco,
2,682
112.47S
22,978,009
2,220,585
1,202,250
1,512,176
289,952
14,317,709
24,383
30,994
247,047
89,176
35,336
37,078
bbls.
bbls.
bbls.
bbls.
....bbls.
...
Ttiefi
Tallow
Tobacco
w’k
587
577
.pkgs.
...pkgs.
Cheese
Lard
4,289,507 13,524,278 4,754,018 1,377,888
2,654
731,625
Domestics.
473,000
2,025
3,856
.bush.
.bush.
.bush.
..
Cotton
Butter
3,604
.bush.
..
Barley
160,350
15,338
914
158
Breadstuff's—
32,337
36,913
80
1,041
bbls.
bbls.
lbs.
.
Corn meal
Total week..
Previous
.bbls.
...bbls.
tcs. A bbls.
451,508
352,361
6,171,268
Mahogany.
290
409
375
......
7,813
..pkgs.
.pkgs.
Sugar
Sugar
1,736
49
35
.
ft pel tor
944
...bbls.
.bbls.
.
finemi
Liverpool....
98,823
74,343
48,500
2,185,889
35,625
184,975
12,041
1,098
251,031
9,094
..
Tar
bbls.
121,077
33,547
160,292
13,471
1,241
832
..pkgs.
.pkgs.
Ashes, pots
Ashes, pearls
following are the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland, and New
Orleans, for the week ending July 5,1879, and their distribution:
To—
472,841
18
174,526
Exports of Provisions.
Beef,
445,061
.
109,785
382,4561
The
Pork,
2,452,465
4,941
Peanuts.
Provisions—
Pork
Beef
Cutmeats
743,777
1,282,204
Fustic
.
5,945,835
75,397
.
Oil, lard
Oil, whale,
657,756
1,349,447
394,492
405,409
5,468,994
192,625
207,808! Woods—
50,299! Cork
2,411
104,280
24,020,673
1,852,331
17,868,657
...bbls.
..
Tallow
Tobacco
Tobacco
2,051,198
*
Rosin
Tar
►
Pitch
Oil cake
774,531
24,772
Pepper....
Metals, Ac—
—
554
..
Butter
Cheese
Eggs
Lard
Lard
2,583,938
87,691
21,512,058
1,140,723
20,620,332
.hhds.
.
Turpentine, crude. ...bbls.
bbls.
Turpentine, spirits.
700,854
36,814
412,945
19S,047
Cassia
I
1,244'
$
1,853
.pigs.
..
Molasses
Molasses
Naval Stores—
2,444
40,770
107,007
84,682
34,653
2,191,155
435,936
67,560
Leather
Lead
3,791
39,840
Fruits, Ac.—
809 Hides, undr.
2.103; Rice
24,256! Spices, Ac.—
2,445
26,560
India rubber
24,992
Fisli
2,261
111,399
724
.
Hides,dr’sd
Hardware
915,443
29,861 Corks
110,638
Hemp, bales
Cutlery
332,168
$
33,164
Hides, Ac.—
.
409,894
41,338
661,080
value.
13,501 Cigars
2,122
..
8,908,496
71,307
Steel
7,615
29,475
Gunny cloth
Bristles
4,280
717,7(55
22,900
532,097
6,034,752
70,624
..
733
Opium
Soda, bi-cb.
Soda, sal...
..
4,368
1,059,336
.
18,363 Tobacco....
13,775 Waste
1,118 Wines, Ac.—
5,976 Cliamp’gne
baskets
1,799
4,271 Wines
1,693 Wool, bales.
23,124 Reported by
10,400
.
.
Lead, pigs
Spelter, lbs
Tea
Cochineal..
Gambier
5,250
Rice
Metal8, Ac6.290
China
Earthcnw
Glass
'
No.
Hogs, dressed
China, &c.—
•
1878.
.
Hides
Hides
Same time
last year.
5,142,924
1,965,334
226,545
424,362
13,838
3,311
94,850
600
...
Since Jan. 1,
1879.
•
•
218,681
lbs.
--
THE CHRONICLE
187$. 1
July 12,
HAYNorth River shinning.
PRICES CURRENT
ASHES—
Pot, first Bert
V lb.
BRKaDBTU FF8—See special report.
«
V bbl.
Cement— Rosendaie
Lime— Rockland common....V bbl.
Rockland, finishing
uu
S2 0U
9J
V M. ft. 20 00 A 45
Cut6pikes,all8izes
a
2
4
4
2
A
f* *
8
1 25
to
V lb.
A
a
11
14
11
9
West’n creamery pood to prime “
Welsh, State, fatr to choice..
**
choice.. “
.
Western da ry,fair to
CHEESE—
State factory, fair to prime, old. A ft
Western flat, fair to fine
**
COAL—
Jute
do....
Montevideo,
do....
Corrlentes,
Rio Grande,
do....
do..,.
Orinoco,
do....
California,
do
Matamoran.
Wet Salted—Buen. Ay, selected
do....
Para,
do....
California,
Texas.
do....
E. I.stock—Oal. kips,slangnt.
Calcutta kips, dead green..
Calcutta, buffalo
00
00
00
25
16
..
00
25
50
5J
50
•
•
•
s*
9
1 40
A
A
A
5
5
15
A
A
6*
6
8 CO
•
•
•
.
D.LAW.
D.AH.
schedule.
Schedule.
Port
Weehwkea. JohLst’n.
«t
f: 51 A....
f,...
V.l/®2 20
2 5) @
2
20
@....
@121% 2 to
Egg ..... 2 cO
2 5
@2 6J
2 9i @....
Stove.... 2 55
2 87*A ...
Ch’nut... 2 40
2 75 %
*
50 cents additional lor delivery at New York.
§ L. A W. quotations are for Wilkesbarre coal.
COFFEE—
Hlo, ord. oar
Aft
H*a
Auction.
June 25.
Hobokeu.
..
...
....
...
do
do
do fair,
do good,
do prime,
•*
do
java, mats
Native Ceylon
Mexican....
Jamaica
Maracaibo.
-3*4
“
“
14
“
Laguayra...*. ..................
St. Domingo.....
"
COPPER—
Sheathing, new (over 12 oz;
Braziers* (over 16 oz.)
American ingot. Lake
COTTON—See special report.
DRUGS A DYE6—
Alum, lump, Am
A
Aloes,Cape
Aloes, Barbadoes
Arsenic, powdered
Bicarb, soda, Newcastle
t
100 ft.
V lb.
1
17
17
....a
a
....a
21
22
24
13
16)(
37*®
12*9
_
57
2‘HC
is
per 100 lbs.
3
a
s*a
62*®
100
a
a
is
22
*
2 10
13
211
paste,Sicily
A
A
25 ®
-
**A
2*a
Mbdder,French
Nptgalls,bine Aleppo
<
OH vitriol (66 Brimstone)
Opium,Turkey
(in bond).
Prnssiate potash,yellow, Am..
Quicksilver
Quinine.
.
Rhubarb, China,good to pr
Sal soda, Newcastle
IP luu lb.
Shell Lac. 2d A 1st English
A lb.
Soda ash
A 100 lb.
Sugar of lead, white,prime.. ,. Aft.
Vitriol, blue.common
35
3
•A
A
A
A
!6
a
•
39
3 40
1(5
<a
57*A
13
25
1 0J
3 «5
15 75
69
55
18
16
8)‘*
1 05
16
SU
3)
30
I*
@
1*A
A
5*A
.
5
...A
-...a
&
50 A
.A
•Si
4 CO
2
40
3 65
2 tO
1 10
24
1 65
11
6
3 75
6 00
8M
*%
1 45 A
Layers....
1 15 A
<**
Loose
do
Valencia
Currants..
Citron.
4
A
l»*d
?*«
Prunes, Turkish, new
French
Dates
....A case.
Sardines, V naif lot
Sardines, 8 quarter box
Macaroni, Italian,,.,
A A
10
®
4
5 50
li
A
A
a
It
A
11*A
11
65
4*
14
&
i7*
11*
A
Domestic Dried---
Apples,Southern,sliced
do
do
quarters
do
State, sliced
do
fib,
do
quarters
Peaches, pared, Ga., goo J to ch'ce..
do
unpared halves and qrs...
Blackberries
Raspberries
Cherries, pitted, dry mixed (new)..
Plums,State..........
whortleberries,,
3 A
l*®
2*®
3
4
a
A
2k®
4
2*
4
4
9
14 A
12 a
3
5
15
15
11
11
12
4
26
a
A
a
21
2)
10
20
20
13
19
9
1*1
11
12
10
9*0
8*0
”
“
“
*•
9*a
2 a
10
“
'*
A
a
ft
9
8
“
•
6
8
7
2 10
Canary, Spanish
1 60
Canary, Dutch
1
85
Hemp, foreign
Flaxseed, American, rough
Linseed, Calcutta
fP 56 ft. 2 2)
Linseed, Bombay
V ' f B.
7*
2 15
1 65
2 25
@
A
7
2
A
A
3
us
53
LEATHER—
Hemlock. Buen, A*res,h.,m.ft l.fRib.
California, h., m. ft 1
“
common hide,h.,m. Al....
Oak.rough
Texas, crop
V gal.
“
“
“
“
**
“
do
do
22
“
V gal.
bbl.
“
“
“
“
^
20
23
2J
«8
@
A
53
23
(<£
-»•«
...@
23 w
15
54
1
Pecan
OAKUM—Navy,U.8. Navy A best 9Mb.
,fp gal.
'*
Linseed, casks and bbls
**
Menhaden, crude Sound.,,.,
'*
Neatsloot, No. I to extra
“
Whale,bleached winter
**
“
Sperm, crude
Sperm, bleached winter
Lard oil. Nos. 1 and 2
“
“
Whale, crude Northern
“
A
9
A
A
A
A
A
A
7S
90
41
A
A
PETROLEUM—
Crude, in shipping order
6>4
8^
1'>X
8
Refined
“
Naphtha,City, bbls
“
36
1 13
65
i7
75
44
4»
id
t3
46
**
“
“
“
Beef, extra mess
Beef hams, Western
Bacon, West, long clear
Hams.smoked .,
Lard. City steam,
9* »
“
“
BICE—
Carolina, fair to prime
Louisiana, fair to prime
fP ft.
“
10 25
11 50
20 «' »
5.-5
5Y
SALTPETRE—
Refined, pure
100 lb.
*
Tsatlees, No. 2
Tavsaams. No. 1
Re-reeled Tsatlees, best..
Re-reeled Canton Congouu, No. 1.
.
a
25
•
•
&
•
...
5 25
...
■
•
•
•
• •
3*
27
a
A
ft
■#
.A
2 50
9
5 5'
3 62*
© 5 :5
Nun-.
6 0(1 •a. 6 25
5 15 A 6 uU
5
5 25
25
•
7*
6*v
6
pet
•
6’25
A
Bunpowder.com to fair
do
Sup.tofine
Ex. fine to finest
Choicest
do
do
Imperial,Com.to fair
Suo.to fine
Extrafinetofinest
Hyson Skin. A Twan..com. to fair.
do
do
Sup.to fine
do
do
Ex. finetonuest
Uncolored Japan ,Com.to ialr...,,,
do
Snp’rtofine
do
Ex.flneto finest
••t
•
•
•
•
6 5-15
6 7-16 4
6*
6*4
6* a
*6*
6
7
6*
TX
5*
6*
A
A
7*
5*A
fX
8*
8XA
8* a
8hA
8*3
8* A
7* A
•
• •
•
•
•
»
•
8
7* a
7*
7*A
e*a
6*3
I7*
7
6*
A
• •
•
•
*
fRbs.
**
14x20
Virginia Leaf—
Lugs, common
Dark wrapper-
com. to
to fine
....
••■•••
.........9Mb
Fair
Interior
Merino, unwashed
Cape Good Hope, unwashed
Texas, fine. Eastern
Texas, medium. Eastern
Smyrna, anwashed
freights—
.
IoLivxbpool:
fP ft.
CoVon
fP bbl.
Flour
Heavy goods. .l» ton,
Corn,b*lk A bgs. fP bu.
Wheat, bulk A bags..
......
.,#,fP
* *>)••
48
70
25
S3
A
ns
A
A
50
A
80
23
33
18
A
27
8<i
12
14
A
A
A
18
A
45
13
15
A
28
88
17
A
A
fib
A
a
* 50
55)
a
5 62*
_•
8*A
...A
4 3 A
*
0
0
4
4
...
„..A3 U
4*
5*®
11*
2 @
4
15
45
1? ®
15 A
72*A
8) A
11 A
14 A
•
•••
1 20
18
40
42
43
Nominal.
31
‘0
A
fi»
3
vty
20
A
26
24
18
9
15
26
26
28
A
A
A
A
A
A
A
A
A
36
23
82
30
20
13
30
31
28
39
15
-bail.—-»
—
S-18A
19 @2
15 0 @30
3*A 3
15*
15
5 0l
13
STXAM.—.
9. d.
n. d.
13
IT* v
1**3
9Mb
Extra,Palled......
No.i, Pulled
California, Spring ClipSuperior, anwashed
Beal
Pork
A
fine.
American,C >mbing and Delaice,...
South Am.
2i
3*
40
A
77
25
38
55
17
80
48
60
^
“
leaf,
A
A
55 A
18
27 A
40 a
55 A
**
Burry
17
25
85
‘-5
85
9Mb.
_
11*
•
10
•
Nomina).
‘22
A
S9
A
fair
flue
WOOLAmerican IX
American, Nos. I A 2
A
3
fPft
*•
•
9
is
.
fP ft.
Bright wrappers, common to fine.
Yara, i and 11« uts, assorted
Havana, com. to fine
Manufac’d,in“ bond, black work
bright work
6
*
U’*
...
•»
^
Ex.flneto finest
Choicest...
“
10
„fp 10C lb
SALT—
Turk's Island
fP bash.
St. Martin
Livernooi. Ashton s fine.... .fP sack.
^
Kentucky lugs, hea\y
«
.A
#
A
....A
....A
...A
A
..A
“
Plates.I. C., coke
Plates.char.terne,
<a
...
^
14
9*A
“
English,refined...,
A i: CO
12 10
4
9
“
“
“
Banca
...A
A
<
16
14*A
6*A
“
Straits
10X
9 93
2 00
4x,A
TIN—
PR0VI810N8—
fP bbl.
“
3 90
A
A
“
“
“
“
TOBACCO-
A
A
A
1 98
1 06
"
do
Superior to fine
do
Ex fine to finest
do
Choicest
Bone. A Cong., Com. to fair
do
Sup’rto fine
do
Rt. fine to finest
do
Choicest
A
5
3 60
4 UU
3 2c
“
“
Oolong, Common to lair
10
.A
5
fP gal.
*T
#
do
do
OIL CAKE-
City, thin oblong,hags........V ton.
29 00
Western, thin oblong (Dom.). “
^
do
uo
:ha
:3
105
63
26
55
42
33
Ct
“
Young Hyson,Com.to
do
Super.to
62*
I 90
in >4
1 35
8 12*
1 60
A
A
3XA
10 A
7 A
Brazil
A
“
’*
Uyson, Common to fair
do
Superior to fine
do
Extra fine to finest
do
Choicest....,
162^
55
6
Filberts, Sicily
Walnuts, Naples
» 50
2 15
8 60
TEA.—
NUTS—
fP lb
14
•gold.
3 80 A 17 00
1 00 A 8 00
“
cut loaf
TALLOWPrimecity
A
a
a
....A
....A
3)
00
49
25
50
42
A
“
granulated
28
29
19
1 40
1 40
16*
....A
......
do
off A
White extra C
Extra C
14
Q1*
Yellow.. .".
31
20
5
4
75
82
15HA
**
Coflee, A, standard
21
25
A
A
A
a
18*
IS*
Store Prices.
Brazil, Nos. 9@li
Roflned—Hard, crushed
Hard, powdered
<t
NAVAL STORES—
...fP bb).
12
....
Boxes, clayed, Nos. 10A12
Ceutrifagal, Nos. 7@13
MOLASSES—
OILS—
Cotton seed, crude
Olive, in casks fP gall...
“
Manila, sup. and ex. sup
Batavia. Nos. l'J@12
ir^a
rough
Slaughter crop
Almonds, Jordan shelled
fP gall.
SriGAKInferiorto common refining....fP lb.
Fair
“
Good refining
“
Porto Kico. refln.. fair to prime “
A
22
*9
18
23
“
Rosin, strained to goodstrd.fp
*•
low No. 1 to good No. 1
•*
low No. 2 to good Nd 2
“
low pale to extra p de..
»*
window glass
“
American machinery
American German spring
17 0(1
29 A
19'4Q
“
Spirits turpentine
**
American blister
American cast, Tool
American castspring
a 22 fO
....
11*2
fP ft.
English,spring,2d & 1st quality.. “
English blister, 2d A 1st quality.. “
English machinery
“
English German,2d A 1st quality “
A 19 50
A 17 51
...
"
Whiskey, Scotch
English, cast,2d* 1st quality
...A
4 M) fe
fP lb.
Tar, Washington
Tar, Wilmington
Pitch, city
••
Mclftilo.
f, 100IVr.
Barbadoes
Demerara
Porto Rico
do
50 test
N. O., com. to cnoice
Gin
STEEL—
LEAD-
Cuba, clayed
Cuba, Mus., 50 test
“
“
Whiskey
i2
»»Prices,
Bar,8wedes ordinary sizes...fP lb.
.... ,*
5
Bar refined, Eng. and Amer.per ton. 16 b • a 18 (W
Sheet, Russia, 8 to It
\ \r<s
v*
1‘9 0>
Rails, American, a: tide-water...
41 0 A 47 U0
Steel rails, American, a^ tide wate
c.)
V gall.
Irish
do
Domestic liquors—
Alcohol
71
*3^/
Ordinaryforeign
9 00
•..
Brandy, foreign brands
Rum—Jam., 4th proof
St. Croix, 3d proof
A
...A
a.
Nutmegs, Batavia and Penang
Pimento, Jamaica
SPIRITS—
.
A ton
&
Cloves
do stems
5
Pig,American, No. 1
4 75
5 00
A
....A
IS A
....A
....A
70 A
78 A
do
Calcutta
Mace
53 K A
Pig, American, Lo.2
Pig, American, Forge
Pig, Scotch
5 75
r?
13
Ginger, African
«
8 50
7 •>
16 0
V 51
A
4 50
fP ft
Singapore
do
white
Cassia, China Llgnea
do
Batavia
.
.
IQO lb,
Domestic, common
Domestic refinel
do
IRON--
Crude
Nitrate soda
SILK—
1 63
2 (0
Pepper, Batavia
7
13
10
10
S
5
<a
....A
A
Honduras, sheet
Mexican, sheet
Rangoon, in bond
9* outm.
l
1 75
2 1*
SPICES—
8)4
63 A
r2 A
5 Hi®
Pork, new mess,spot
Pork, extra prime, new
Pork, prime mess, West
Beet, p ain mess
»*
Raisins,Seedless, per 50lb.trail
**
••
“
Para, fine
Para, coarse
Esmeralda, pressed,strip..
Guayaquil, pressed, strip
Panama strip..
Cartbagena, Dressed
Nicaragua, bheet
Nicaragua, scrap
Bar (dlsconnt, 10 p.
Sheet
••
*
1
o>
Foreign
....
19J4A
1**4
19n»
17 A
HOPSNew Yorks, new crop, low to fair...
do
medium to choice
Eastern
Western
Olds, all growths
Cases
pr.bbl.
Mackerel. No. 2, Bay
FRUIT—
0
...
FISH—
Gr’d Bk.A George’s (new) cod.A qtl.
Mackerel,No.2 Mass, shore
o
23
23
24
Licorice paste. Spanish, solid
Madder, Dutch
Ginge
a
a
si
powdered
Figs, new
a
..
3 32*3
15
Glycerine, American pure
Jalap
Licorice paste,Calabria
do
A
a
a
24*®
Agai.
* 100 lb.
Ginseng
do
do
a
2*a
*■
Mackerel, No.1, if. shore
Mackerel, No. 1, Bay..
11*
a
...Aft.
Cubebs, East India
Licorice
15
17
15 ^
...
Cochineal,Honduras, silver
Coehineal. Mexican
witem’
<&
a
2
Caustic soda
Chlorate potash
Catch
Gambler
15*
&
AlOOtt. 3 50
3 62x
11 *a
Aft.
A K0 n>. 1 2U A 1 ?5”
per ton. 23 00 4 25 0J
potash....
Bleaching powder
Brimstone, 2uis A 3rds
Brimstone, Am. roil
Camphor refined
Castor oil, E.I. in bond
Cream tartar,
A
®
IS
Blchro.
■
25 *
16
a
12
14
V B>.
Bolts
A
a
:o*a
“
*
Sa vanilla
Costa Rica
A
24
14
14
12
12
13
“
5*
5*
A
....A
19 A A
Domestic, common
HXtt
......
4
INDIA RUBBER—
11
.
Newhu* g.*
St’mh... 8- <£
Grate.... 2 25
7*
ft.
20*a
••
••
*’
Yearlings...
11 00®
Liverpool house cannel ...
ooa
Akthbaoitb—The following will show prices at
last auction or preseat sche iule rat^f; the names im¬
mediately above the figures indicate the placee of
delivery:
Schedule.
GOA
(0®
oia
00®
7*A
....
•
6* •
7)4 $
SPELTER—
Dry—Buenos Ayres,selected. .fPft.
00
00
SO
A
Liverpoolgae cannel.....
Penn.
145
L5
i7u
259
9Mb\
•••••••«•••••••••
9* lb.
Canary, Smyrna
Cauary, Sicily
HIDES-
A
S* a
A
814
Zinc,Fre nch, sieenseol
fair
A
7
Paris white. Er.&
A 100 lb.
BOTTER— (Wholesale Prices)—
tubs,
A
....
3
75
3 75
Taint*—Ld.,in oil. com., price. VH.
Lead, dry, combination, pilc3....
Zinc, ox de. dry
and
IVl&llilfta
_
3d fine
fP ton.
.
Clover,Western
Clover, New York State
Tlmotny
50
A
...
70
90 a
Lumber—Pine,g’d to ex.dry.A M It. 10 00 a 60
Fine, shloping. box
18 90 a 22
do tally boards, com.tog'd,each.
22 a
Oak
A M. It. 35 00 a 45
Ash, good
35 00 a 45
Black walnut
75 00 ai$u
Spruce boards A planks, each
18 a
Hemlock boards, each
M a-
Sails—10a60d.ccm.fen. A sb-A keg
Clinch,IX to 8 In. A longer
HEMP AND JUTE—
American dressed
American undressed
Russia clean
45
Italian
a 5 75
A 9 50
A 26 00
a
2 *5
Croton
Philadelphia
4*
4* A
BUILDING MATERIALS—
Bricks—Common bard,afloat..A M
State, palls
choice....
SEEDS—
GUNNIES.—See report under Cotton
JBNBitAJL
Maple
51
«,
d.
8-15A
....A
15 0 A
...
*
....*
...A
.... *
13-64
1 9
200
4
4
OHRONLCLE
IHE
52
Financial.
Trask
AND
BANKERS
E.
York
a General Banking Business.
8T0CKS, BONDS and GOLD Bought and Sold on
Commission, and carried on Margins.
Deposits Received and Interest Allowed,
tr Accounts of Country Banks and Bankers re
eclved on favorable terms.
S1JPE R-CARBOWTE
Stocks
Insurance
OF
SODA.
SPECIALTY.
A
Cash paid at once for the aho»*e Securities; cr they
will bo 3old on commission, at eller’s urtioa.
oh>. ciliUK/i
C& Co.
BANKERS,
Street, New York.
SPECIAL ATTENTION GIVEN TO THE NEGOTlA
TION OF
RAILROAD
Hatch 8c
AND
BONDS,
WALL STREET AND
OF
Foote,
No.
11
Old
Slip, Neiv York
Jobbing Trade ONLY Supplied.
The
SELL
GOLD,
MISCELLANEOUS
AND
STOCKS
SECURITIES.
Transact
a
E.R.Mudge,Sawyer&Co
AGENT ^
FOR
Washington ill ills, Chicopee Mfg Co.,
Burlington Woolen Co.,
lillerton New
Mills,
Atlantic Couon
Saratoga
Mills,
Victory Mfg Co.t
AND
Hosiery, Shirts and
Drawers
From Various Mills.
BROADWAY
York.
BANKERS, No. 12 WAUL STREET
BUY
t
BANKERS,
SECURITIES.
COR.
•GOVERNMENT
MANUFACTURERS OF
Dealings ln
Walston H. Brown 8c Bro.
.
STREET.
FEED. A. BROWN.
WALSTON H. BROWN.
Pine
John Dwight 8c Co.,
Bailey,
PINE
7
Transact
11
S.
BROKERS,
70 Broadway & 15 New St., New
c
Commercial Cards.
Financial.
Francis,
&
[VOL. XJIX
NEW YORK,
43 & .5 White Street.
Bio.ON,
15 Chaumjsy st.
PHILADELPHIA,
J. W
DAYTON. 238 Chestnut Street.
General Banking Business, including
the purchase and sale
cash or on margin.
of STOCKS and BONDS for
Buy and Sell Investment Securities.
George A. Clark 8c Bro.,
P. O. BOX 2,047.
A. H. Brown 8c
Bankers
and
Co.,
A
M. Kidder. C. W. McLellan, Jr.
brokers,
T Wall St., Cor. New, New
York.
J, S. Stanton,
STREET,
19
INVESTMENT SECURITIES.
NASSAU
Railroad,
8peclal attention to business of country banks.
STOCKS and BONDS
The
undersigned
REGULAR
hold
B.
AUCTION
BOND
SALES of all clashes of
STOCKS
AXD
and
City,
County
and stocks
BOUGHT AND
At Auction.
W. Trask.
333
BONDS,
MAIN
BROKER,
ADRIAN
No. 7
II.
AND
MULLER
&
miscellaneous Stocks and Bonds.
John B. Manning,
NICOLAY, Auctioneer
Stocks and Bonds
We hold
our
AND
No.
43
THURSDAY,
II. AICOl.AY
Pine
BROKER,
&
cate with
CO.,
St., New York.
Ne w Y ork, N ew England
8c Western
-
-
Commercial
& 33 PINE
Banking
Corporation,
Office, Hong
AND
Jb’.,
59 Wall St.. N. Y.
AGENT
New York Agency,
S. W. POMEROY Jr.,
59 Wall St., N.Y
conducted
foi
States, Counties, Town-, Cities, Railroad and other
Corporations, and Individuals.
John C. Shoet, President.
Geo. W. Debevotse, Vice-President.
Wi. P- Watson, Secretary and Treasurer
Street.
OFFICE, No. 119
Company
YORK,
BROADWAY.
Fifiy-First Semi-Annual Statement,
SHOWING THE
Condition of the Company on the first
day of January, 1ST9.
CASn CAPITAL
$3,000,000
Reserve for Re-Insurance
1,166,771
Ueseiv? for Unpaid Losses and
all other claims
260,092
Net surplus
1,363,488
TOTAL ASSETS
a
His Celebrated
tw.
Numbers,
.
Interest due on 1st of January, 1379
Balance in hands of Agents
Real estate
Premiums due&nd uncollected on Policies
Issued at thisSoffice
Total
and his other
Joseph Gillott & Sons*
New York.;
f117,432 64
2,066,836 83
8,226.125 00
182.765 00
235,778 00
242,1%
68,283
147,465
104,430
47
30
79
87
9.040 00
$6,c96,S52 40
CHAS. J. MARTIN, Presidents
J. H. WASHBURN, Secretary.
303-404-170-361-332,
styles may be had of all dealers
throughout the world.
46
9*4
ASSETS
(market value of Securities, $324,021 50)
sCD
00
OO
$6,390,352 40
OF
Bonds and Mortgages, being first Hen on
real estate (worth $4,481,300)
United States stocks (market value)
Bank Stocks (market value)
State and Municipal Bonds (markei value)
Loans on Stocks, payable on demand
apolis, Detroit, Chicago. St. Louis, Kansas City and
Trustee of Bondholders.
NEGOTIATIONS
FINANCIAL
NEW
Cash ln Banks
Investors. Strictly Conservative.
LOANS CAKEFU* LY’ PLACED on Western Farm
Mortgagee, at 8,9& 10per cent Interest, and on choice
business property In Cincinnati, Cleveland, Indian¬
DISTRICT SCHOOL. GAS AND
WATER BONDS, RAILROAD and other CORPOR¬
ATE BONl >S negotiated. Defaulted Bonds converted
Into Interest-paying Investments. Coupons collected
TEMPORARY LOANS made to Counties. Town*
ana Cities in • anticipation
of Taxes and other
Revenues. Coupons paid for States, Counties, Towns
Cities, Railroad Companies, Ac.
WILL ACT AS STOCK TRANSFER AGENT for
Railroad, Mining and other corporations, and also at
OF
SUMMARY
MONEY CAREFULLY INVENTED for Capitalists,
Trustees of Estates, Guardians, Fire & Life Insurance
Companies, Savings Banks.- corporations and other
MUNICIPAL.
Insurance
MERCHANTS
SHIP
Dnane
HO M E
Kong.
STREET, NEW YORK.
Jersey City, Newark, &c.
No. 109
AGKVT
S. W POMEROY
Bunting Company.
supply all Widths and Colors always in stock.
Insurance.
Hong Kong 8t Shanghai
Boston Agency,
)
J. MURRAY FORBES, >
a0 Central Street. )
other large Western Cities. C urrent interest collect¬
ed without charge. Loans carefully placed also on
Real Estate ln the Cities of New York, Brooklyn,
A full
Cards.
NEW YORK, BOSTON, PHILADEL¬
PHIA AND CHICAGO.
31
Also, Agents
States
tock Exchange.
Hong Kong, Canton, Amoy, Foochow
Shanghai and Hankow, China.
$200,000.
“AWNING 8TKIPKS.’
us.
Member of the New York
COMMISSION
(INCORPORATED.)
LNG, BAGGING. RAVENS DUCK, SAIL TWINES
AC. ** ONTARIO ’ SEAMLESS BAGS,
United
Russell 8c Co.,
INVESTMENT CO.
COTTON CANVAS, FELTING DUCK, CAR COYER
SECURITIES
SPECIALTY.
Head
Capital Stock
COTTON SAIL DUCK
Street, New York City,
State, Municipal and Pallway »'onds and Coupons
bought and sold at best market rate
Investors or
dealers wishing to ouy or sell are invited to communi¬
fV Our Established Days 28 Years,
Special Sales on other days when required.
ALBERT
Wall
BONDS
EVERY MONBAY AND
Or
14
A
Regular Auction Sales of all classes ef
STOCKS
No.
AND
SOUTHERN
ATT. TION.
Co.,
rManufacturers and Dealers in
And all kinds of
BANKER
AT
8c
SON,
PINE STREET, NEW YORK.
ALBERT H.
BrinckerholT, Turner
HARTFORD, CONN.
Special attention paid to investment orders for
SATURDAYS.
HELIX
NEEDLES.
BROADWAY, NEW YORK.
(HILLS BLOCK),
ON
WEDNESDAYS
400
SOLD.
STOCK
STREET
A IN J }
MIL WARD’S
Blakeslee,
F.
AND
Bonds
;
A Dividend
been
of FIVE
Per
Cent lias
declared, payable on demand.
Of Superior English Make.
26
Samples of our leading styles, for
trial, including the famous “ U ”
and “ FALCON” Pens, by mail, on
receipt of 25 cents. Ask your Sta¬
tioner for PERRY’S PENS.
l¥i»on,Blafc«man,Taylor & Co
sole AjsrefitafprU.S.
New York.
@FedFRASER