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i
■
AND
MAGAZINE,
MERCHANTS’
HUNT'S
INTERESTS*
UNITED
STATES.!
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
OF THE
[Entered, according to act of Congress, in the year 1880, hy Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D.
NO. 772.
SATURDAY, APRIL 1C, 1880.
VOL. 30,
Taxation at Albany
Cotton Consumption in Europe
Our Farmers Ruined by Rail¬
roads
Condition of the Savings Banks
The Great Liberal Victory
THE
THE
Commercial Epitome
Cotton
Railroad Earnings in March,
and from Jan. 1 to April 1. ..
Latest Monetary and Commer¬
371
cial English News
373
369 Commercial and Miscellaneous
News
374
370
368
BANKERS’ GAZETTE.
Money Market, U. S. Securi¬
ties, Railway Stocks, Foreign
Exchange, New York City
Banks, etc
CHRONICLE.
367
368
Quotations of Stocks and Bonds
New York Local Securities ....
379
380
and State, City
Corporation Finances... 381
Investments,
376
and
used in the tax
laws, so as to include land under water, wharves and
piers and their rights; all bridges, railroad tracks and
structures, whether underground, surface, or elevated;
gas pipes, water pipes, oil pipes, telegraph poles, wires
and instruments, trees and undergrowth, mines, minerals,
quarries, etc. In a word, this bill, for the purposes of
taxation, will briDg und,er the head of real estate all
fixtures owned by every description of railroad, tele¬
graph, water, gas, and other corporations, besides
reaching certain real property (real in one sense)
which has hitherto not been included in either the real
interpretation to the word “lands” as
CONTENTS.
THE
C.]
COMMERCIAL TIMES.
390
391
385 I Breadstufts.^
386 | Dry Goods
personal class.
underlying this proposed change is certainly
Ckrmiixle.
rational.: Furthermore, it is evidently au advantage to
The Commercial and Financial Chronicle is issued every Satur¬ draw the line of distinction more clearly between real
and personal property. There is a growing acceptance
day morning, with the latest news up to midnight of Friday.
[•Entered at the Post Office
at New York, N. Y., as second-class of the idea—urged with great earnestness by the State
mail matter.]
assessors, and the basis of several bills which were con¬
sidered at the last session—that the State taxes should
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cle—July, 1*65, to date—or Hunt’s Merchants’ Magazine,
1871. itnjuire :;t the office.
'
corporations, which are local
only in location, being the creatures of State law, leav¬
ing real estate as such to bear local burdens only. We
have already discussed this scheme, and need not pause
now to consider it.
But the personal assessment and
tax is notoriously a farce and worse ; it is a net which
catches only the little fishes, the persons of small prop¬
erty, small shrewdness and alertness, and of especial
frankness, paying what the stronger ones, with more
elastic consciences, escape. It is a taDgle of iniquities
and absurdities; and unless some other met hod of apply¬
ing personal taxation can be found, ought to be aban¬
be laid
exclusively
upon
doned.
A neat file cover
18 cents.
.
Taxes diffuse
themselves swiftly,
inevitably, univer¬
probably as nearly approximate fairness
as is possible in a world of inequalities.
The round
principle—slow but doubtless sure of recognition—
TAXATION AT ALBANY.
is therefore to lay tax upon only a few things and let the
No special progress appears to have been made the
adjustment take care of itself. So far as these particular
past week towards the settlement of the tax question at
bills indicate the growing recognition of this principle
Albany; and yet it may be that the action taken will in
and favor its “practical adoption, we are decidedly in
the end prove to have an important bearing on the final
favor of them. They do not, it will be noticed, lay a
result. Two bills have been passed almost unanimously
tax, and are by no means an adjustment of the subject.
by the Senate relative to assessments, and as they have
Id fact, they are a sudden movement, even if the result
already been rapidly advanced in the other branch of
of a gradual process, and are only important as they
the Legislature, with an apparently strong prospect of
seem like an attempt to do something with an eversoon becoming laws, it is at least interesting to note their
troublesome subject. =They may be a step in the right
purport.
direction—that of simplifying and of reducing taxation
One of these laws changes in some particulars the
to a basis of principle, instead of waiting until revenue
assessment of non-residents doing business in the State,
has to be provided and then making an impetuous grab
whether as principals or as agents.
The other, by far
the more important, proposes simply to give a broader at the nearest corporate accumulations.
1839
sally, and with
369
THE CHRONICLE,
v
COTTON CONSUMPTION IN
and in
EUROPE.
i
-
[vol. xxx,
March, 115,000 bales, as is set out in the follow¬
just received our monthly cable of Messrs. ing.
& Co.’s cotton report. These returns are for
We have
'Ellison
April, and were published in Liverpool yesterday, the 9th
nstant.
They cover, of course, the month of March,
and acquaint us with the progress making in the cotton
manufacturing industry in Europe, down to the 1st of
April.
The jnore important fact which this report discloses is
that there has been no further advance this month in
consumption in Great Britain. We published last week
in our cotton report statements which showed that
65,000 bales per week, of 400 lbs. each, must be about
the limit of the present spinning capacity in England,
since if we estimate the spindles at 40 millions and the
use per spindle 34 lbs., the
total cannot materially
exceed that figure. We will not occupy space by unnec¬
essarily repeating the statements we gave last week on
this subject, but would simply refer our readers to them.
With regard to the Continent there is a further increase,
the total per week for March reaching 50,000 bales
of 400 lbs. each, against 49,000 bales in February. This
is in accordance with our anticipations of last month ;
and we may reasonably expect a still larger movement
as the summer progresses, since the average for the
whole year of 1879 was 52,313 bales of 400 lbs. each.
Up to ApriMst the total takings and consumption in all
Europe have been as follows.
Takings and Cons' mo¬
tion in Europe.
Bales, actual.
Pounds.
Great
Conti¬
Great
Britain.
nent.
Britain.
Bales, 400 pounds.
Great
Continent. Britain.
Conti¬
nent.
15,000
47,000
6,012,000 18,720,000
13,389
42,837
Surplus Oct. 1,1879.
Deliveries to April
1,557,660 1,318,500 700,947,000 569,592,000 1,752,367 1,423,980
1,1880
Supply to April 1.... 1,571,049 1,361,337 706,959,000 588,312,000 1,767,367 1,470,980
Consumption same
time
1,406,446 1,155,555 632,900,810 499,200,000 1,582,225 1,248,000
Surplus April 1, ’SO..
Surplus March 1. ’80.
Surplus Feb. 1, ’80 ...
164,603
205,782
74,058,190
89,112,000
185,142
217,000
145,000
222,980
212,000
148,000
Pounds.
Consumption in
Great Britain, October,
4*2 weeks.
Continent, October, 4 weeks....
..
Total October
4 weeks.
Continent, November, 4*2 weeks..
Great Britain, November,
Total November
4*2 weeks
Continent, December, 4*2 weeks..
Great Britain, Deo.,
Total December
4*2 weeks.
Continent, January, 5 weeks
Great Britain, January,
Total January
Great Britain,
February, 4 weeks.
Continent, February, 4 weeks
Total February
Great Britain,
March, 4*2 weeks*..
Continent, March, 4 weeks
[ Total March
Great Britain,
Bales
Bales per
400 lbs.
week,
.400 lbs.
99,620,810
75,200,000
249,052
55,344
188,000
47,000
174.820,810
438,552
102,344
98,880,000
84,600,000
247,200
211,500
47,000
183,480,000
458,700
108,800
113,400,000
283.500
84,600,000
211.500
63,000
47,000
198,000,000
495,000
110,000
113,400,000
96,000,000
283,500
63,000
240,000
48,000
209,400,000
523,500
111,000
104,000,000
78,400,000
260,000
196,000
65,000
49,000
182,400,000
456,000
114,000
104,000,000
80,000,000
260,000
200,000
65,000
50,000
184,000,000
460,000
115,000
632,900,810 1,582,250
499,200,000 1,248,000
62,049
48,000
61,800
Oct. to April, or 26
weeks
Continent, Oct. to April, or 26 w’ks
110,049
1,132.100,810 2,830.250
April 1
This is really only 4 weeks’ consumption in March, or 25*3 weeks in
all, as the usual allowance is made for the Easter holidays.
Total from Oct. 1 to
*
We thus have
a
full history of the first six
months of
that Mr. Ellison estimates
high, basing their belief
upon the figures of capacity which we gave last week;
the same persons find further evidence leading to the
same conclusion in the decreased surplus that rate of
consumption has produced during the past month. It
is argued that at this season of the year, with such con¬
sumption in progress, spinners would not let their stocks
the present season. Some think
the English consumption too
It should, however, on the other
remembered that even a larger weekly rate
run
down.
hand, be
than Mr.
quite popular with some. But we give the
weight of bales taken by spinners up to
suggestion, and each reader, with the help of last
April 1st averages 450 lbs. for Great Britain, and 432 week’s figures, will have all the material we possess for
ibs. for the Continent. For the sake of uniformity we reaching a correct conclusion.
have reduced these figures to pounds and to bales of
GUR FARMERS RUINED BY RAILROADS.
400 lbs.
This statement shows that English spinners
No one doubts that this question of railroad discrimin¬
have really decreased their surplus during the month
32,000 bales, but that Continental spinners have ations should be wholly separated from politics and preju¬
increased theirs 10,000 bales. To show the total con¬ dice. It affects an interest too intimately connected with
sumption thus far this year, and for the same six months commerce to permit of any but wise and intelligent handof previous years, we have prepared the following.
ling. And yet is not the discussion of late largely settling
down to a commiseration for our poor State farmers (each
Total
Bales 400 lbs. per week
has a vote) ruined by the rich Mr. Yanderbilt ?
Pounds fOOOs omitted).
Consump¬
It is not \
Europe,
tion^
very difficult to convince a man that he is an injured
Total
Bales 4.00 Great Conti¬ Total
Conti¬
October 1 to Great
lbs.
BriVn.
nent.
nent.
Brit'in.
Europe. individual—human nature readily adopts that idea ; and
Europe.
April 1.
1879-80... 632,900 499,200 1,132,100 2,830,250 62,049 48,000 110,049 the effect of a continual iteration in establishing a belief in
1878-79... 550,400 456,000 1,006,400 2,516,000 53,960 43,846 97,806 the existence of a
general grievance must not be forgotten,
1877-78... 591,600 468,000 1,059,600 2,649,000 58,000 45,000 103,000
what
for
has
been
said for years acquires a sort of unchal1876-77... 648,440 494,000 1,142,440 2,856,100 62,380 47,500 109,880
lengeability from that very circumstance.
If we question the correctness of the present charge, the
We have also continued our last month’s statement of
monthly consumption, so as to show *the progress difficult task of proving a negative does not rest on us—
But before those
made during the season. This is, perhaps, the most the burden of proof is on the other side.
instructive way to look at these figures, as it gives us the who oppose the railroads can establish that the Middle
whole history of the movement at a glance. The revival States farmer is ruined by railroad discriminations they
Is he ? To prove
in the goods trade which began here early in 1879, must show that he is ruined at all.
reached Great Britain the later weeks of the qnmmer, this, as will probably be admitted, it will not be enough
and is now developing on the Continent. Hence the to show that farming has made less progress in those
consumption for the whole of Europe averaged ( all in States, absolutely or relatively, than in the farther West;
bales of 400 pounds), in October, 102,344 bales ; in that it has made no progress must be shown. Taking this
November, 108,800 bales ; in December, 110,000 bales ; State as a fair instance, we compile the following figures
in January, 111,000 bales; in February, 114,000 bales; from the last three censuses.
Ellison’s is
The
actual
above
April
THE CHRONICLE.
10, I880.J
No. of acres improved...
Value of acres improved.
Value of
12,408,900
$554,546,000
farming imple¬
machinery..
ments and
Number of horses
Number of cows..
Number of sheep
Number of swine
Bushels of wheat
Bushels of corn
Bushels of rye
Bushels of barley
Bushels of buckwheat...
Bushels of oats
Bushels of potatoes.
Pounds of wool
Pounds of butter
Pounds of cheese
Pounds of hops
Tods of hay
1870.
1860.
185D.
$22,084,900
447,000
931,300
3,453,200
1,018,200
13.121.400
17.858.400
4,148,100
3,585.000
3,183,900
26,552,800
15.403,000
10.071,300
79,766,000
49.714.400
2,536,300
3,728,700
14,358,400
15.627.200
$803,343,500 $1,272,857,700
$29,166,600
503,700
1.123.600
2,617,800
910,100
8,681,100
20,061,000
4.768.900
4.186.600
5,126,300
35.175,100
26,452,300
9,454,400
103,097,200
48,548,200
9.671.900
3,564,700
$45,997,700
536,800
1.350.600
2,181,500
518,200
12,178,400
16,462,800
2,478,100
7.434.600
3,904,000
35.293.600
2S,557,000
10.599.200
107,147,500
22,769,900
17.558.600
5,614,200
The
problem of railroad repression and regulation*
admittedly hard—far harder than it was sup¬
posed to be, seven years ago—and it does not
seem
to
grow any easier.
But is it not possible^
that the fault is in the attempt itself, more than
in the methods ?
If not so, if we are certainly right
in the objects aimed at, further examination can only moreclearly justify the course, just as an example in addition
will “ prove” itself over and over, if rightly worked.
May it not be wise to pause long enough to review the*
subject from the beginning, as a new one, and see if there
has not perhaps been some mistake ?
is
Carrying the examination farther, we add the state¬
ments given in the State census of 1875 as to all quantities
in which any large increase or decrease since 1870 is
shown: Bushels of wheat, 10,188,000; rye, 3,046,300;
barley, 4,829,900; corn, 20,294,800; oats, 37,968,400;
potatoes, 36,639,600; lbs. wool, 7,369,900; butter, 111,The four
087,400; cheese, 98,725,100; hops, 13,846,000.
principal cereals together show a decline of less than a
On the other hand, the develop¬
ment in dairy products, notably in cheese, is enormous and
notorious, and there is still a progression in the number
quarter million bushels.
and value of
acres
in farms, as well as a
average size of farms.
It is obviously unnecessary
decrease in the
to spend any time in analy¬
CONDITION OF THE SA VINOS DANES.
regular annual Savings Bank:
report, we have received the usual introductory remarks
and summarized figures of that document. Deducting
banks closing and those having only a nominal existence,
the number of active ones in the State is 118, against
124 a year ago; the largest number ever reported was
158, with 304 millions of deposits; the present number
is the smallest since 1869, but the present deposits (319
millions) exceed the figure just mentioned and are,
with one exception, the largest ever recorded. No bank
was organized during
1879, nor was aDy application
made for the organization of one.
On the other hand
none failed during the year, although three small ones
decided to go into voluntary liquidation. The follow¬
ing echedule gives a comparative view of resources and
In
advance
of the
figures, in which, however, we are unable to
evidences of ruin from any cause. It is equally
obvious that fluctuations in quantities produced as between liabilities.
sis of these
find1 any
if the New York
and wool for milch
cows and cheese, the fact does not prove him to be going
backward. The factory system which has developed
cheese-making, is not a confession of agricultural decrepi¬
tude. When we admit (if we do admit it) that the seat of
flour has been permanently transferred from Rochester to
Minneapolis, we do not necessarily confess judgment
against the prosperity of the former; the selection of crops
is always a question of comparative advantage, and,
although wool and wheat are excellent staples, if the
RESOURCES.
different years prove nothing, and that
farmer is seen to be abandoning sheep
valleys abandons
butter and cheese, the fact alone is not
farmer in the
them
for
Genesee and Mohawk
presumption that he can no
any profit out of
them, but merely
that he can make
a
greater one from something
else.
Furthermore, to cite these changes of industry as
proof of injury wrought by railroads—even were it proven
ground
longer make
even
that the
for
Jan.
1, ’80. Jan. 1, ’79. Jan. 1, '78.
$
$
85,7^2,373 93,392,041 107,973,299
119,985,590 100,780,200 85,691,300
Bonds and mortgages
United States bonds
New York State bonds
Other State bonds
City bonds in New York
County bonds in New York
Town and village bonds in N. Y.
.
Other stocks and bonds
Loaned on stocks
All real estate
Cash'.
Other assets
j......
L
4,302,500
9,272,693
66,503,933
8,567,554
3,292,394
179,041
4.326.500
8,480,861
61,670,212
8.404.500
4,487,000
J9,618,201
69,795,571
3,739,457
5,008,682
31,414
103,076
9,532,216
212,103,705 187,504,806 184,164,384
3,025,244
5,200,677
7,463,942
8.645,243
9,986,707
10,430,579
;. 18,164,554 17,750,399 18,381,652
5,898,194 19,790,788
4,641,772
354,222,376 331,407,873 344,146,033
Total
LIABILITIES.
319,258,501 299,074,639 312,823,053
1,852,594
609,410
181,923
34,781,952 31,723,824 29,470,391
Due depositors
Other liabilities
Surplus
This
ments
surplus is on the basis of stock
and real estate at market value.
and bond invest¬
For some reason
stated, the manner of making up the schedule is
railroads have caused the changes—would be changed in the one particular, that the cost value of real
really only
of the charge that .the rail¬
stage-coach and all its attendant
a reappearance
roads have “ ruined ” the
not
estate
we
are
is not
not
as well as the market value;
show the surplus by the legal
given
able to
securities at par, or at market value
real estate at cost—but the deduction
industries.
hence
rule—
if below par, and
for the difference
changes, though they may be laid at the door
of the railroads, bear no conclusive marks of paternity. between par and market value of stock investments
It is again necessary to interpose a caution against the would reduce surplus $15,695,451.
The following com¬
lame logic of post hoc, propter hoc; whatever has followed parison of l he percentages of assets in the several items
railroad development is not thereby proven to have been is interesting.
caused by such development.
Jan. l.f
Jan. 1,
It is the constant vice of
Jan. 1,
Jan. 1,
1877.
1878.
1879.
1880.
all these sweeping charges and seeming demonstrations
3314
31-21
that they only cover a part of the case.
27-94
24-20
They show—as it Mortgages
23-24
24-73
30-16
33-87
TT. K."Lunds
2-23
is always easy and tempting to show—one fact here and N. Y. State bonds
1-30
1-29
1-21
2-56
2-77
2-53
2-62
Other tit ate bonds
another fact there; therefore (so runs the argument) the
20 53
20-11
18*45
18-76
City bonds in State
2*98
2-74
2-51
2-42
bonds in State
one caused the other.
Grant that the asserted cause has County
1-40
1-44
112 *
0-93
Town and
But these
apparent.or even a positive actual tendency to
the result; the connecting threads lie under the
an
produce
surface,
difficult tasks that can be presented to statistical and analytical inquiry to determine
the shares which a number of causes have had in shaping
and it is
a
one
of the most
certain result.
village bonds in State..
■Ranking houses.
Other real estate
(:n&h
Other items
Totals
-
2-31
0-43
513
810
2-56
1*27
5-53
6-64
2-49
0-74
311
9-36
2*42
0-53
5*56
10000
10000
100-00
10000
It is unnecessary to more than
ment in passing.
The changes,
5*41
indicate this move¬
especially in the decline
THE ('HR0N1CLE.
370
and increase in •governments, are all
healthy, and have been going on for several years past.
The last report of Comptroller Knox gives figures for
639 savings banks, located in New England, New York,
New Jersey, Pennsylvania, Maryland, District of Co¬
lumbia, Ohio, California, and Louisiana, and it is inter¬
esting to note that their mortgages stood at 40*78 per
cent, their governments at 18*08, and their real estate at
3*88 ; against 43*45, 13*74 and 3*19 per cent respectively,
a year earlier.
The same movement in decrease of
mortgages and increase of governments, absolutely
and relatively, is going on in the whole list to¬
gether ; but, inasmuch as the figures for this State
are
included in this list, and form considerably
the larger part of it, the relative superiority of our
savings banks in these particulars is the more apparent.
Their strength is also shown by the past year’s experi¬
ence, which
attests the improved condition of the
classes that use them. The number of accounts opened
was 15,790 greater than in 1878, and that of accounts
of mortgages
[VOL. XXX.
of each transaction
item, from September, 1861, to
July last, in the British postal banks, according to the
latest returns, was about 16 cents in our currency, while
in the five largest banks of this city it was almost 60
cost
and in the five largest of Brooklyn was nearly 61
cents, in 1879. The report enlarges further on this sub¬
ject, as to which it is enough here to add that while there
is some inequality of adjustment between different banks
and some salaries are undoubtedly too high, we do not be¬
lieve this is a general fault.
On the contrary, as we have
already urged, there is danger of overdoing the cheese¬
paring and restrictive policy, and so excluding from
savings bank management the men with whom discre¬
tion may be most safely lodged.
The Superintendent argues, wisely, against the pro¬
cents,
posed compulsory investment of one-half of
governments and the other proposition to
permitted dividends from five to four per
regret, however, that he gives countenance
ment
institutions.
deposits in
reduce the
cent. We
to govern¬
He claims that the surest safeguard
2,246 greater ; while the number closed the banks have had against them hitherto has been the
difference in the rate of interest, and he adds :
was 29,854 less than in 1878, leaving an increase of 54,If the time has come when our savings banks will pay no
453 in number of open accounts.
The amount depos¬ more
than four per cent interest upon deposits, the government
ited, exclusive of interest credited, increased over five can, with advantage to itself ana, I think, with great success,
and one-third millions, while that withdrawn was 25 enter into competition for these savings deposits. The govern¬
ment can furnish perfect security and great convenience to
millions less than in 1878. The average account in¬
depositors. It can make its system national. It can do the
creased ten cents during the year,, and is still consider¬ business with superior economy. The British postal savings
banks are very cheap in respect to the cost of service. Ours
ably higher than is desirable, being $369 32, against could easily be made so. 1 believe it is only by the great
$296 80 in 1S70, and $208 91 in 1860. The following fidelity of the managers of our savings banks that the system
can be maintained in its present proportions and prosperity
comparison for quinquennial years is most significant. against such competition. I mean a fidelity which shall show
Per cent
very clearly that the depositors are served as well as they
age o f
re-opened
was
January 1.
1860
1865
1870
1875
1880
Deposits.
surplus to
Surplus.
deposits.
$54,178,160
$2,552,085
111,737,763
194,360,217
7,590,174
14,023,880
24,310,086
4*39
6*79
7-22
8-00
34,781,953
1089
303,935,649
319,258,501
Superintendent expresses the opinion that some
proceeds of called United States sixes found their
into the banks in 1879. A year ago, two banks
can
be.
To this
country
we
experience in this
need only reply that
teaches otherwise, that important differences
between the United
States and Great Britain
are over¬
looked, and that only a part of the case is presented.
The
THE GREAT LIBERAL
of the
way
which had less than one-fifteenth of
the aggregate
savings.deposits had 104 accounts of over $5,000 each;
the metropolitan banks show a much larger average
than prevails in the whole State; and it is evident that
the city banks have been and are largely used by persons
who may be fairly classed outside of those for whom
savings banks are founded. The increase of over 54,000
in the number of open accounts during 1879 must have
been mainly from small depositors, yet the average
account makes a nominal increase.
Still, the figures
presented are the most satisfactory, all things con¬
sidered, in the whole history of the banks. The resto¬
ration of confidence must be exceptional, for improve¬
ment in the condition of the savings classes can hardly
be deemed peculiar to this State, and yet this report
tells
us
that
some
other Slates still show
a
VICTORY.
No national election in recent years
has commanded
general attention or excited deeper and wider interest
than that which has just taken place in Great Britain.
The result can hardly be said to be a surprise; but neither
can it be said to have been regarded by any very large
number as a foregone conclusion.
On both sides, there
were many who were confident; but on the one side and
on the other, there were also many doubters.
It is not to
be denied that the Beaconsfield Cabinet hastened the dis¬
solution, because they believed that, from their stand-pomt,
the time was opportune for a successful appeal to the con¬
stituencies ; and yet if they had been confident of the
result, it may be taken for granted that they would have
held on to the reins of power, till the end of the session,
more
and thus allowed the Parliament to
die
a
natural death.
question, however, is now settled. The British
decline in people have been appealed to ; and they have responded
The
deposits, and others barely hold their position. The m a manner which leaves no doubt as to their meaning.
improvement is the most satisfactory and convincing While we write the actual result is as yet undetermined ;
evidence which could be offered of regained confidence but it is already sufficiently clear that the Liberals have
been returned in such numbers that they will have, in the
and a bettering industrial condition.
It is certain, there¬
The Superintendent considers the expenses of man¬ House, an unmistakable majority.
agement still greater that they need be or should be. fore, that Lord Beaconsfield, submitting to the decision of
The salaries for 1879 aggregate $87,000 less than in the people at the ballot-box, will resign, and that the Lib¬
1878, but he says that they still average over a dollar eral leader, whoever he may be, will be invited to Her
for each account, which, he is informed, is larger than Majesty’s assistance, and requested to organize a new
in any other State or country that furnishes trustworthy administration. In plain terms, the British empire is
statistics. In the ten largest banks of Massachusetts this about to pass from under the government of the Tories
average salary cost is 63 cents for each account; in the to that of the Whigs. There seems to be nothing, how¬
eight largest of Connecticut, 74 cents; in three English ever, in that fact which so touches .our interests -in this
city banks (not specified), about 31 cents. The average country as to justify us either in applauding or deploring
*
April
Beaconsfield and his asso¬
ciates, in April, 1880, the British people are but exercising
the rights and the judgment which they exercised in Feb¬
ruary, 1874, when they cast off Mr. Gladstone and his
Cabinet. It is simply a constitutional change. In the
Parliamentary system of Great Britain, Her Majesty’s Op¬
position is quite as essential to the proper conduct of the
affairs of the empire as Her Majesty’s Government.
It is
in harpiony with such a system that the Parliamentary
pendulum should not be stationary, but, yielding to the
motive force of public sentiment, should oscillate now to
the change.
In rejecting Lord
this side and now to that.
of the next government. Of course
proceeding on the assumption that the present
government will resign. It is quite certain that the
Liberals will have a large majority over the Conservatives
—probably at least seventy-five. With such a majority there
could be no difficulty in carrying on the affairs of the
country. But there is the Irish Home Rule party which
already counts upon sixty-five votes. It is quite plain,
therefore, that if they were united they might constitute a
sort of balance of power.
It is fortunate, perhaps, for
both parties, that they are not united, that while one sec¬
tion leans towards the Liberals, Parnell and his section are
gathered from these remarks that we are not
sympathy with those who regarded the administration
Lord Beaconsfield as an unmitigated evil, and who now
It will be
in
of
371
THE CHRONICLE.
10, 1880.J
strength
we
or success
are
openly'in favor of the Tories. Such is their present con¬
dition.
Circumstances, however, might
smooth their differences and act as a
induce them to
In such a
unit.
regard his fall as an unqualified blessing, either as regards case, we shall not pretend to predict the consequences.
the British people or the world in general.
"We should The Irish Brigade has often turned the scale before. It
But the strength, and therefore the
not like, certainly, to set up this very gifted, very brilliant may turn it again.
man, as a model statesman.
His methods have often been prol^ble success, of the new government will be largely
determined by the presence or absence of unity in its
questionable. In glancing over his political career, from
ranks.
In this particular the Liberals are
first to last, it wTould not be difficult to find points for criti¬ own
It remains to be seen
cism.
it is as little to be denied, however, that he has always behind the Tories.
how far they have composed their differences, and how far
proved himself a great Minister, and that he has done
Much also depends
much to convince the world that England has the power they are amenable to party discipline.
There is but one man to
and the will to hold her place in the front rank of the on their choice of a chief.
He is the head and
It has been his good or his bad fortune, during whom the place of right belongs.
nations.
It is he who
his entire administration, to have to deal mainly with front* of his party—its brains, its very soul.
than any other man has given the party its present
foreign questions.
They were the questions of the more
If he is not permitted, or if he does not choose
time.
If it cannot be said that he handled those ques¬ victory.
to
take
the
first position of honor and responsibility, it
tions in a manner satisfactory to his political enemies,
it can as little be denied that he gave abundant will be a sign of disunion and therefore a cause of weak¬
satisfaction to his friends, and that among his friends who ness, and it may prove fatal to the hopes of the new
Much also will depend on the measures
have remained steadfast to him for these last six years, administration.
must be included his Queen, and until recently the which may be introduced; but we may not discuss a pro¬
majority of British voters. His task has been a difficult gramme of which not a line has yet been given to the
public. This much only it is safe to say—it will not be a
one ; and although by different men it might have been
executed differently, it cannot be said that he has been policy of external aggression.
other than successful or that the honor and dignity of
RAILROAD EARNINGS IN MARCH, AND FROM
England have suffered at his hands. He has strengthened
JANUARY 1 TO APRIL 1.
England’s hold on the land of the Pharaohs ; he has opened
The report of railroad earnings for last month and for
up a new home for the English-speaking people and for
the enterprise of Europe in South Africa ; he has reas- the quarter ending April 1, as given in the tables below,
serted with much boldness and at some risk, the authority is, perhaps, the most remarkable report ever published in
In the large number of roads repre¬
of Great Britain in the councils of the Continent ; and, the Chronicle.
later, he has extended and made more secure the bounda¬ sented, the almost uniform increase in earnings, and the
.
he can point to large percentage of that increase as compared with the
his work with some pride and claim that it is finished.
previous year, the present exhibit has never been equaled.
But successful as Lord Beaconsfield’s work has been, On the total earnings of $13,175,604, reported for March,
these elections show that the people have become tired of 1879, the increase in March, 1880, is $3,724,702. On the
a
government which has occupied itself exclusively with total earnings of $36,009,674 for the first quarter of 1879
foreign questions. Much as the British people care for the increase for the first quarter of this year is
ries of Northern India.
If he retires
now,
they do not forget their purse. It is well,
they think, to have a spirited foreign policy ; but it is well
also, and all the more so that the spirited foreign policy
has completed its work, to attend to themselves. A spirited
foreign policy is certain to be expensive ; and this is the
more hurtful that it implies the neglect of domestic indus¬
try and domestic affairs generally. A wave of domestic
sentiment has, so to speak, passed over the land ; the Par¬
liamentary pendulum has moved to the other side ; and
the Liberals are again in the ascendant, mainly because
they happened . to be the Opposition, and partly also
because they are, rather than the Tories, historically asso¬
their honor,
ciated with domestic reform.
Their
access
to power
will
anything which has been done. It will
simply mark the commencement of a new policy which,
unless some unforeseen difficulty should present itself, will
be domestic rather than foreign.
It is, perhaps, too soon as yet to forecast the probable
not alter
or
undo
$9,779,586.
general influence of the syndicate has thawed out
the frozen reserve of New York Central, so that the pub¬
lic is now favored with their monthly reports of earnings,
and if the same influence could be brought to bear on
the Lake Shore and Michigan Central managers, the regu¬
lar receipt of their earnings would contribute greatly to
the completeness of the earning statistics.
It is a long
time since there have been reports from connecting roads
forming a complete route between Chicago and the sea¬
board over any one of the great trunk routes.
The
and notable improvement in gross
earnings, it is hardly necessary to remark that the in¬
crease in net earnings
must be proportionately much
smaller, as ' the increase in operating expenses has un¬
doubtedly been large. In the matter of rails, however,
it is well to remember that the railroads can well go on
without purchasing this year anything like the same
With this great
THE CHRONICLE
372
.quantity for repairs which they took in 1879 or 1878, as
the large expenditure for steel rails in those years placed
the roads in a condition where they can afford to econo¬
first,
mize for
have been several unofficial reports in the newspapers
of earnings on various roads, which we give for what
awhile, if
necessary.
GROSS EARNINGS IN MARCH.
1879.
$
1880.
$
Atch.Topeka<fc Santa Fe.
Burl. Cedar Rap. & No..
508,608
668,000
188,325
Cairo & St. Louis*
Canada Southern
Central Paeitic
22,213
409,189
1,250,000
222,749
602,624
37,482
88,278
901,000
1,395,000
Chesapeake & Ohio
Chicago & Alton
Chic. Clint. Dub. & Minn*
Chicago <fc East. Illiuois.
Chic. Milw. & St. Paul..
Chicago & Northwest..
Chic. St. P. & Min neap..
.
13,918
226,378
182,811
132,172
327,370
31.294
67,025
632.898
1,107,042
89,410
36,962
42,554
33,985
15,370
147,013
98.427
48,586
795,953
648,187
330,998
211.899
400,159
132,001
80,587
85,194
41,697
87,395
23,414
293,601
22,049
224,559
147,766
71,955
230,408
402,953
216,327
475,324
144,671
116,185
83,092
67,910
101,290
33,000
395,975
30,063
355,508
5.929
380,443
15,357
17,762
Ogden. & L. Champlain.
:
20,556
15,046
9,151
14,443
30,339
Paducah & Elizabetht’n*
Paducah & Memphis*...
Peoria Dec.A Evansville
St. L.A.&T.H. main line.
Do
do
(branches)
St. L. Iron Mt.& South’n.
St. Louis & S. Francisco.
-fit.Paul & Sioux City. ...
Scioto Valley
Toledo Peoria & Warsaw
TJnion Pacific
128,453
1,739,000
Wabash 81.Louis & Pac..
982,480
18,919
11,801
29,695
110,424
54,620
450,620
197,470
118,138
28,005
Wisconsin Valley
33,269
Total
,Net increase
16,900,306
71,121
44,887
353,147
95,296
94,378
24,579
91,257
1,301,000
655,240
14,596
Atlantic Miss. & OhioGross earnings
Oper’g exp. (incl. extr’y)..
Burl. Cedar
$
1,585,500
Atch.Topeka«fe Santa Fe.
Burl. Cedar Rap. & No..
'Cairo & St. Louis*
537.812
70,337
1,003,702
Canada Southern.
Central Pacific
3,488,614
?Chesapeake & Ohio
Chicago & Alton
623,765
1,623,692
Chic. Clin.Dub. & Minn.*
144.644
Chicago & East. Illinois.
244,009
'Chioago Milw. & St Paul
2,403,000
Chicago & Northwest...
Chic. St. P. & Minneap..
^Chicago & West Mich*..
•Cincinnati & Springfield.
Clev. Col. Cin. & Ind....
Clev. Mt. Vernon & Del*
Detroit Lans. & No.*
•Flint <fc Pere Marquette.
•Grand Trunk of Canada!
Great West’n of Canada!
Hannibal & St. Joseph..
Ill. Central (Ill. line;
Do
(la. leased lines)
Indiana Bloom. & West.
InternatT & Gt. North.*
Kan. City F. S. & Gulf*.
Little Rock & Ft. Smith.
Louisville & Nashville*
....
Chesapeake & OhioGross earnings
Operating expenses
.
Minneapolis & St. Louis*
122,286
1,646,674
121,213
1,050,808
Missouri Kansas & Tex..
Mobile & Ohio
N. Y. Cent. & Hud. Riv.
N. Y. & New England*..
North Wisconsin
7,765,679
Ogdenb. & L. Champl’n.
88,813
Paducah & Elizabeth t’n*
Paducah <fc Memphis*...
8t.L.A.&T. H. main line.
Do
do (branches).
fit. L. Iron Mt.&South’n.
•fit. Louis & S. Francisco.
fit. Paul <£r Sioux City
ficioto Valley...
Toledo Peoria & Warsaw
Union Pacilic§ ..
Wabash St. Louis & Pac.
Wisconsin Valley
81,604
c
Total
Net increase
622,084
426,650
55,061
47,894
309,007
1879.
165,171
105,525
97,277
65,999
349,487
208,711
214,639
140,413
59,646
31,278
140,776
74,226
48,213
26,649
45,383
22,631
21,564
22,752
198,681
102,077
103,481
43,940 def.1,404
Chicago Burlington & Quincy-
1,180,853
655,067
earnings
Operating expenses
Gross
83,291
44,915
38,376
40,679
190,744
207,707
401,016
298,736
102,280 def.16,963
982,377 2,381,091 2,087,475
558,372 1,224,489 1,147,485
1,156,602
939,990
104,434
62,598
82,887
54,829
204,396
160,249
126,701
104.258
41,836
28,058
77,695
55,991
Delaware & Hudson—Penn. Div.Gross earnings
84,484
95,849
56,157
196,647
103,359
183,912
103,317
39,692
93,288
80,595
48,855
28,158
27,519
19,263
98,665
54,967
53,106
37,174
20,697
8,256
43,698
15,932
111,912
80,037
86,406
76,240
226,363
146,686
165,955
136,886
31,875
10,166
79,677
29,069
Total of Delaware & Hudson Co.’s roads Gross earnings
349,6h6 • 292,662
726,073
563,223
Albany & SusquehannaGross earnings
Operat’g expenses
.
Net earnings
32,374
92,946
52,267-
525,786 424,005
Company’s roads :
Net earnings
Delaware & Hudson Canal
$
1,192,447
326,563
48,399
611,483
3,426,129
322,916
49,698
978.788
109,004
195,555
1,700,739
72,461
173,933
253,359
2,038,362
989,642
485,984
$
$
393,053
211,249
21,938
392,219
’
.
62.485
300,849
644,904
35,640
48,454
702,261
676,329
Net earnings
4
48,063
Houston & Texas Central-
38,960
Gross
68.067
54,696
121,670
246,473
394,338
156,972
72,011
1,174,715
77,677
613,867
527,884
40,170
150,001
591,832
319,610
310,175
118,245
91,314
272,222
191,886
136,219
82,668
103,200
23,579
18,707
16.231
89,286
38,046
48,597
32,636
22,982
7,348
51,240
15,961
rn—
Memphis
Paducah <fe Northern—
ic res
r
16,765
14,652
13,225
12,758
36,093
30,203
2,113
467
5,885
4,687
191,154
158,034
103,634
91,563
B96,788
211,987
315,313
180,728
87,520
66,471
184,801
134,585
1,252,218 1,207,391
909,634
934,076
2,548,599
1.856,199
2,354,564
1,896,107
342,5S4
273,315
692,400
458,457
330,860
213,094
273,607
665,354
538,610
180,983
427,155
368,314
117,766
117,766
92,624
238,199
170,296
Net earnings
Nashv. Chatt. & St. Louis—
,
\
N. Y. Lake Erie & West.—
.
.
Northern Central-
880.695
703,210
,
42,487
9,779,586
13,256
§ March figures include Kausas Pacific earnings in both years; Janu¬
ary and February probably do not.
earnings of the railroads owned and leased
by the Dilaware & Hudson Canal. Company, for the
72,008
41,689
79,132
4,032
63,072
,36,009,674 9,792,842
45,139
33,753
502,061
31,192
:
94,200
470,461
332,065
2,739,302
1,822,276
34,165
241,315
Little Rock & Fort Smith-
43,536
436,941
1,026,337
260,744
3,619,997
2,525.486
76,652
272,791
154,546
53,551
471,959
1,496,798
592,809
263.788
181,588
11,386
99,778
50,275
22,184
326,860
294,359
19,503
13,256
137,536
65,736
86,173
38.697
6,709,508 1,056,171
76,693
349,957
32,664
22,397
28,956
59,857
62,138
19,466
37,730
10,164
111,401
197,606
234,899
129,195
58,200
49,575
381,635
206,489
Iowa Central-
248,572
98,543
63,988
431,714
220,491
19,692
110,615
69,768
earnings
211,308
1,244,618
334,655
314,031
"
Rensselaer & Saratoga-
Three weeks only of March in each year,
t From January 3 to March 27.
t From January 2 to March 26.
79,896
Net earnings...
*
The gross
178,196
154,741
...
Increase. Decrease.
159,720
45,789,260
...
....
1 TO APRIL 1.
227,852
126,596
141,160
716,130
256,750
51,191
$
New York & Canada—
275,915
165,556
209,227
1,355,233
384,230
286,643
381,082
93,901
34,786
3,004,986
1,088,185
549,972
$
231,345
151,449
$
121,451
...
Operating expenses
3,681,315
927,438
92,153
228,629
375,029
2,286,934
70.260
318,824
140,628
$
161,954
68,053
Rap.& North’n—
Net earnings
*
Three weeks only of March in each year,
t For the four weeks ended March 27.
t For the four weeks ended March 26.
1880.
1879.
1880.
1879.
Carolina Central-
9,769
9,783
3,873
2,650
15,252
39,303
9,733
97,473
102,174
23,760
3,426
37,196
438,000
327,240
18,673
oper¬
,,—Jan. 1 to Feb. 29.—,
Feburary.
1880.
13,175,604 3,757,076
3,724,702
GROSS EARNINGS FROM JAN.
The statement below
.
26,213
13,895
9,586
102,374
8,014
130,949
162,740
Erie,
;
increase of $343,220.
gives the gross earnings*,
an
2,102
2,474,392
100,986
7,993
March
GROSS EARNINGS, EXPENSES AND NET EARNINGS.
12,670
35,598
168.669
Lake Shore &
tion.
4,428
75,165
2,854,835
116,343
may be worth, as follows, namely:
Mich.Southern $544,000 increase in
they
ating expenses and net earnings for the month of Febru¬
ary, and from January 1 to March 1, of all such railroad
companies as will furnish monthly exhibits for publica¬
275,254
6,188
21,253
268,102
287,958
25,398
52,570
302,787
24,225
67,940
Missouri Kansas & Tex..
Mobile & Ohio
N. Y. Cent. & Hud. Riv.
N. Y. & New England*..
North Wisconsin
30,272
19.839
Clev. Col. Cin. & Iud....
Clev. Mt. Vernon & Del.*
Detroit Lans. & North.*
Flint & Pere Marquette.
Grand Trunk of Canada!
Great West’ll of Canada!
Hannibal & St. Joseph..
Illinois Central (Ill. line).
Do (Iowa leased lines)
Indiana Bloom. & West.
InternatT & Gt. North..*
Kan. City F. S. & Gulf*.
Kan. City St, Jo. & C.B.*
Little Rock & Ft. Smith.
Louisville & Nashville.*
65,627
37,349
$294,359 this year, against $181,587 in 1879. There
$1,700,000 in March,
90,577
9,642
23,073
3,364
72,379
4,386
46,604
Minneapolis & St. Louis*
$
.........
1,280,272
Chicago & West Mich.*..
Cincinnati & Springfield.
Cin. Sandusky <fc Clev.*
.
Decrease.
$
159,392
76,401
8,295
111,924
114,808
.
Increase.
were
months of
1880, were $726,073, against $563,1879, and the net earnings for the same time
two
223 in
Net earnings
.
28,579
.
23,892
Pennsylvania (all lines east of Pittsburg & Erie)—
Gross earnings
2,944,576 2,538.039
Operating expenses
1,712,394 1,365,053
Net earnings
Philadelphia & Erie—
Gross earnings
Operating expenses
Net
earnings
6,028,127 5,081,463
3,429.647 2,888,946
1,232,182 1,172,986 2,598,480 2,192,517
'
245,372
162,354
23/,000
133,123
469,679
314,055
449,748
281,054
83,018
103,877
155,624
168,694.
_
:.
_
Apbil
February.
,
1879.
1880.
St. Louis Iron
Gross
Mt. & Soutb’n—
earnings
Operat. and extr’y exp..
Net
Gross
581,116
673,190
197,221
112,584
465,062
213,757
33,214
22,646
71,405
46,078
4,077
4,682
14,827
9,745
earnings
29,137
Net earnings..
Op. expenses. Net earn’gs.
$13,648 .
$10,536
Gross earnings.
$24,184
28,500
February, 1880
March, 1880 (est.)
January
/
Gross
Net
*
125,508
204,574
125,508
343,737
319,481
204,574
£
£
£
£
162,243
119,835
153,661
121,146
162,243
119,835
153,661
121,146
32,515
$
127,070
112,647
42,408
$
164,231
124,079
32,515
$
Operating expenses
Net earnings
30 and 60
3 months’
The rates of interest
Joint-stock banks
Discount houses at call
Do
with 7 or 14
1,199 def. 5,776
1,199
def. 5,776
101,869
73,545
101,869
65,947
49,088
65,947
73,545
49,088
35,922
24,457
35,922
24,457
ON LONDON
EXCHANGE ON LONDON.
Latest
Date.
Time.
Rate.
@25-321-2 Mar. 25 Short.
25-42^@25-47^
25-25
12-lOifl
@12-412
Mar. 25
Mar. 25
20-62@20-66
Short.
Short.
25-32
20-47
Mar. 25
3
•
3 mos.
St.Peiersb’rg
ii
Madrid
Cadiz
Lisbon
New York...
a
a
48 ^@4838
a
521s@5258
Bombay.... 60 days
<«
Calcutta....
Hong Kong..
•
28-0‘ @28-10
24®ifl@24ili«
48 i2@4858
•
•
Is.
Is.
8d.
8d.
•
Shanghai....
2
2
21*
days’notice
following return from the Treasury has been published
House of Commons, dated the 17th of
March, 1880, “ explanatory of the financial statement made by
the Chancellor of the Exchequer on the 11th day of March last
—that between the 31st day of March, 1874, and the 31st day
of March (as per estimate) there has been a reduction in the
real indebtedness of the country to the amount of £20,000,000:”
Debt on March 31, 1880 (as estimated
in the Budget Statement of Mar. 11,’80,>
Debt on Mar.
Gross
Debt repayable
Net
81,1874.
deducted.
debt.
debt.
(capital value)
723,514,000 710,490,000
*2,049,000 708,441,000
-
51,290,000 38,206,000
38,206,0004,479,000 30,855,000 118,561,000 .12,294,000
779,283,000 779,551,000 20,610,000 758,941,000
of March, 1874
of March, 1880
Debt on the 31st
Debt on the 31st
&
£
£
Funded debt
Termin’ble annuities
£779,283,000
758,941,000£20,342,000
...s.
••••'
...
Frankfort...
Genoa
Per cent.
the order of the
25-29
Short.
Mar. 25
@ 12-3
12-2
12-4
mos.
2514
banks and
under:
The
on
Unfunded debt
Short.
3 mos.
Paris
Amsterdam. Short J
Amsterdam. 3 mos.
if
Antwerp....
u
Berlin
6 months’ bank bills
3 @318
4 & 6 months’ trade bills. 3 @3*2
allowed by the joint-stock
22,459
28,235
278®3
4 months’ bank bills
deposits remain as
35,725
34,526
Rate.
Paris
2%@27s
2*4i@278
days’ bills
bills
22,459
28,235
EXCHANGE AT LONDON—
March 25.
Hamburg
Open-market rates—
Per cent.
Open-market rates—
3
14,423
RATES OF EXCHANGE AT LONDON AND
AT LATEST DATES.
Time.
Per cent.
Bank rate
40,152
gplguetargg (&ommzxcinl English %tvos
On-
and localized the Russo-Turkish war. And now trade also is reviving, while the brilliancy
of the weather leads to the hope that the years of agricultural
loss and depression have terminated. The future is looked
forward to with hope, and such a feeling is justified.
The money market during the week has assumed a decidedly
easier appearance, and the best bills are at present taken at 2%
per cent, with exceptional transactions at 2% per cent.
The
supply of floating capital is fully adequate to the requirements
of borrowers, and so far the election expenses have had no effect
upon it.
The foreign exchanges, though not quite so favora*
ble to us, have not reached a point which will draw gold from
us ; but there is less probability of it coming here.
We are,
however, by no means in want of supplies, as the stock held by
the Bank of England is large enough for all purposes. The
probability is that the money market will continue to rule easy
during the spring and summer, but an active inquiry is looked
forward to in the early autumn, when business and general
enterprise are expected to assume considerable proportions.
The following are the present quotations :
14,423
earnings
St. Paul & Sioux CityGross earnings
127,070
112,647
adopted by the Government,
Furthermore, the firm attitude
restricted the ambition of Russia
discount houses for
40,152
Net earnings
Ogdensburg & Lake ChamplainGross earnings
35,725
Operating expenses
34,526
Net
1879.
1880.
218,229
524,055
164,231
124,079
Operating expenses
/—Jan. 1 to Jan. 31.—x
$
343,737
218,229
$
$
England-
119,000
$
524,055
319,481
$
42,408
earnings
New York & New
Gross earnings
x
1879.
1880.
Net earnings
$162,216
but recently come
following January figures have
Grand Trunk of Canada-
$27,036
$25,648
and March returns
hand.
Chicago & AltonGross earnings
Operating expenses
16,500
12,000
$52,684
Total
Year’s net earnings based on Feb.
Interest on first mortgage bonds
36,333
56,578
17,964
Indianapolis Decatur & Springfield-
earnings
Operating expenses
$
459,433
$
$
226,577
Operating expenses
to
1879.
1880.
339,161 1,046,178
$
&Duluth-
The
v,—Jan. 1 to Feb. 29.—*
490,195
292,974
.
earnings
St. Paul
373
THE CHRONICLE
10, 1880.]
Decrease
*
Loan to India (£2,000,000) represented
t Debt created for Public Works loans:
Treasury bills
-
by £2,049,000 stock,
£5,431,000
8,360,000
969,000
Exchequer bonds
Exchequer bills
£14,760,00025 Short.
25 4 mos.
ii
25
ii
24
a
Mar. 24
Mar.
Mar.
Mar.
Mar.
4-85
Is. 8Hd.
Is. 8Md.
3s. 9*4d.
5s. 2^.
Debt outstanding for
purchase of Suez
3,801,100
Canal shares
£18,561,100
opening of the Budget, it is stated, notice has been
large demands for loans to Ireland under the
Seed Supply act.
These loans will cause on the 31st of March
next an excess of the gross debt and of the debt repayable over
the figures given in this return; but the net debt will remain
Since the
received of very
fFropi our own
correspondent.]
March 27, 1880.
The Ninth Parliament of Queen Victoria was dissolved on unaltered.
Wednesday, and the writs having been issued for the new elec¬
Party spirit running high at the present time, each side is
tions, the electoral contest has now been commenced in earnest.
advancing statements and publishing statistics justifying the
The struggle will be one of the most severe of the present
conduct of Ministers when in office. The following figures
reign, and, like most elections, the issue is at present doubtful* have been published showing the amount of income tax raised
Each side is confident of success, and considers itself the most
since the year 1854 under the different Chancellors of the
competent to guide the destinies of the country. When the
Exchequer:
Amount.
Rate.
late Parliament met in 1874, the world was tranquil, but, though
Amount.
Rate.
Mr. DisraeliMr. Gladstone—
there has been a great political crisis on the Continent since
£6,177,000
5d.
.14d.
£10,642,621 1867-68
1854-55
Mr. Ward Hunt—
then, and the British Army has been at war with the Afghans
Sir C. Lewis—
6d.
8,618,000
.16d.
15,070,958 1868-69
and with the Zulus, we appear now to have been safely guided 1855-56
Mr. Lowe—
.16d.
16,089,933
1856-57
10,044,000
5d.
7d.
11,586,115 1869-70
6,350,000
through the more threatening dangers, and are on a fair way 1857-58
4d.
1870-71
Mr. Disraeli—
9,084,000
6d.
to renewed prosperty. The Afghan question is the most serious 1858-59
6,683,587 1871-72
5d.
7,500,000
4d.
1872-73
Mr.
Gladstone—
we have to deal with ; but the latest news is very encouraging,
3d.
5,691,000
9,596,106 1873-74
9d.
1859-60
Sir S. Northcote—
.10d.
10,923,817
and there is reason to believe that a just and satisfactory 1860-61
4,306,000
2d.
10,365,000 1874-75
9d.
1861-62
4,109,000
2d.
1875-76
arrangement will be arrived at before long. Southern Afghan¬ 1862-63
9d.
10,567,000
5,280,000
3d.
London, Saturday,
„
..
..
..
.
..
..
.
..
..
.
..
.
..
.
9,084.000
7,958,01 0
6,390,000
5,700,000
1876-77:......
5,820,000
istan, which has been at peace, though occupied by British
3d.
1877-78
5d. Est.8,920,000
1878-79
troops, has been prospering, and now that the Afghans per¬
ceive that we only wish to have friendly and trustworthy
Annexed is a statement showing the present position of the
neighbors, they appear to be more desirous! of bringing the
Bank
of England, the Bank rate of discount, the price
war to
a
termination.
Whatever may be the result of
the elections, it is certain that the great crisis has been sols, the average quotation for English wheat, the
,
passed, the country having been guided through one of the Middling Upland cotton, and the Bankers’
1863-64
1864-65
1865-66
1866-67
.
.
.
.
7d.
6d.
4d.
4d.
.
..
..
..
of Con¬
price of
Clearing-House
most critical
periods in
our
history without involving us in war. return, compared with the three previous years :
CHRONICLE.
THE
374
Circulation, including
bills
Public deposits
Other deposits
Bank post
....
£
£
£
£
1877.
1878.
1879.
1880.
27,000,202 29,127,074 27,407,074 28,286,902
11,242,694 10,971,892 12,287.814 11,530,029
25,998,879 28.349.147 23,338,414 22,615,486
15,505,400
23,776,279
16,386.470
25,918,204
11,910,320 13,48\,652
15.449.147
22,377,588
Governm’t securities. 16,685,149
21,840,879
Other securities
Res’ve of notes & coiu 17,261,295
Coin and bullion in
both departments.. 29,001,840
Proportion of reserve
46*03
to liabilities
Bank rate
3 p. c.
98%
Consols
20,216,055
1879-80.
of
Result
39 13
2% p. c.
33 18
3 p. c.
97
94%
2 p. c.
96%
40s. 8d.
48s. lid.
51s. 2d.
,
28,057,700 22,591,500 25,010,000
61,311,529 49,682,627
60,255,059
877,624
1,167,518
1,102,162
638,371
...56,913,705
59,087,511
60,209,367
49,044,256
40s. 4d.
53s. Od.
49s. 3d.
Av’ge price of English
wheat for the
27,471,938 33,635,196 21,216,155
4,725,421 5,084,833
3,466,472
57,791,329
Total..
Deduct
exports
wheat and flour
1876-7.
1877-8-
1878-9.
Imports of wkeat.cwt.35,487,424
Imports of flour
6,337,905
Sales of home-grown
produce
15,966,000
34,096,045 24,032,245
51*10
| Vol. XXX!
=
,
—
46s. 8d.
season.
following figures show the imports and exports of cereal
produce,
into and from the United Kingdom since harvest, viz.,
5t5igd.
64d.
5Hifid.
Mia. Upland cotton
73sd.
Clearing-House ret’n. 100,935,000 75,425,000 80,947,000 101,307,000 from the first of September to the close of last week, compared
with the corresponding period in the three previous seasons:
The following are the current rates of discount at the prin
IMPORTS.
cipai foreign centres:
1878-9.
1876-7.
1879-80.
1877-8.
Eng. wheat, av. price
46s. Id.
The
..
Bank
rate.
Pr. ct.
Paris
Amsterdam....
Brussels
Berlin
Hamburg
..
..
..
..
..
Frankfort
..
Genoa
Geneva
..
..
Bank
rate.
Pr. ct.
4
6
Open
market.
Pr. ct.
23q®258
3
3
3%
3
2%©3
3 ®3%
2 ®2%
3
3
4
4
Vienna
St. Petersburg
..
..
Madrid, Cadiz &
1%®2%
Barcelona...
Lisbon & Oporto.
21a®238
Copenhagen...
..
Calcutta
3%©4
cwt.35,487,424
27,471,938
Barley
6,825,268
3%©4
Oats
Peas
Beaus
Indian
Flour
9,750,757
512©6
4
6
5%@6
4
®5
1,309,530
1,615,999
12,605,651
corn
6,337,905
®4%
6
..
33,635.196 21,216,155
8,167,731
8,386,939
5,762,862
792,362
2.156,142
2,725,516
17,267,658 17,980,966
5,084,833
3,466,472
6,401,496
6.129,930
898,098
702,200
17,035,049
4,725,421
8,034,449
1,047,210
EXPORTS.
5%®6%
New York
4
Wheat
4
.4@4%
.
Open
market.
Pr. ct.
Wheat
1879-80.
1878-9.
1877-8.
1876-7.
795,044
1,081,432
1,064,985
616,588
15,159
80,958
34,912
19,795
cwt.
Barley
gold market has presented no important feature during Oats
64,982
56,056
73,570
74,471
62.406
11,222
15,259
18,796
the week.
The arrivals have been very moderate, but the Peas
Beans
25,177
6,761
12,487
17,950
554,415
285,224
94,951
287,928
exchanges are in our favor, and there is still a tendency for Indian corn
Flour
37,177
21,783
82.580
86,116
gold to arrive from the Continent. The silver market has been
English Market Iteports—Per Cable.
quiet, and the quotation is somewhat easier; but Mexican dol¬
The daily closing quotations in the markets of London and
lars are rather firmer. India Council bills were sold on Wed¬
nesday at Is. 8d. the rupee. The following prices of bullion Liverpool for the past week, as reported by cable, are shown in
the following summary:
are from Messrs Pixley & Abell’s circular :
London Money and Stock Market.—The bullion in the Bank
gold.
s.
d.
s.
d.
of
England has decreased £388,000 daring the week.
Bar gold, fine
per oz. standard. 77 9 © .....
The
Bar gold, containing 20 dwts. silver, per oz. standard.
Spanish doubloons
peroz.
South American doubloons
United States gold coin
German gold coin
peroz.
peroz.
peroz.
77 10%®
74 6 ® 75 6
73
Bar silver, fine
Bar silver, contain’g5 grs.
Cake silver
Mexican dollars
per oz.
standard, last price.
gold.per oz. standard,
per oz.,
Chilian dollars
Quicksilver, £7
do
52%6 ®
52716 ®
peroz.
56%
®
last price.
51%
©
®
per oz
Os.
Od.
d.
d.
silver.
Discount, 3 per cent.
Owing to the holidays and the electoral canvass, the stock
inactive during the week, but, money
being easy and the weather remarkably brilliant, the tone has
markets have been very
firm, and no change of importance has taken place in
prices. There is very little disposition shown to operate, but
after the holidays and the elections considerable activity is
expected.
The weather during the week has been remarkably favor¬
able, and spring sowings are being completed under excep¬
tionally favorable conditions. The farmers’ prospects are cer¬
tainly much brighter, and full average crops are anticipated.
The price of wheat having fallen in New York, and it Deing
reported that the holders of produce in, the United States are
more anxious to realize, the trade here is quiet, but there has
been no material change in prices. Millers continue to buy
from hand to mouth, but good wheat in the country markets is
quite as dear owing to its scarcity. The somewhat protracted
period of dry weather that the country has enjoyed has im¬
proved the condition of English wheat, and according to the
latest return the average quotation has risen from 41s. 8d. to
46s. Id. per quarter. There is a larger supply of foreign pro¬
duce on passage to this country, and the accounts from the
earlier wheat growing districts, as they may be termed, are very
encouraging. In Chili an abundant crop has been secured,
and it is stated that some large shipments have been made to
England. The promise of a good crop in Europe seems to be
more distinct, but it is yet several months to harvest, and the
been
Erie, common stock
Illinois Central
52%
98&i6
105%
mis
10914
46%
98%
105%
111%
10938
46%
110
Ill
Philadelphia& Reading.
36
....
Thurs.
Fri.
April
April
April
52l16
985i6
98716
98%
985is
111%
109%
109%
45%
108%
54%
45%
110
-
-
98%
105%
111%
109%
46%
111
54%
35%
9838
105%
111%
106
•
9.
52
9 8% §
8.
52
7.
52%
98%
105%
111%
109%
46%
110%
54%
35%
54%
Pennsylvania
Wed.
6.
5
d. 52is
98316
983i6
Silver, per oz
Consols for money
Consols for account
U. S. 5s of 1881
U. 8. 4%s of 1891
U. S. 4s of 1907
April
April
3.
8%©
76 3%@
76 3%©
Tues.
Mon.
Sat.
April
*
35
35%
Liverpool Cotton Market.—See special report on cotton.
Liverpool Breadstuffs Market.—
d.
9
7
2
4
6
s.
14
10
10
11 O
11 5
10 7
11 1
5 10
5 9
14
10
10
11
11
rr
i
10
2
11
5 10
5 9
Corn, mix.,W.old$ cent’l 5 10
do
do
new.
“
5 9
d.
9
6
1
8.
8.
d.
9
6
1
3
5
7
1
14
10
10
11
11
10
11
5 10
5 9
10 1
11 3
11 5
10 7
1
11
5 10
5 9
O
Fri.
Thurs.
Wed.
d.
s.
14 9
10 6
Tues.
Mon.
Sat.
d.
Flour (ex. State) $ceut’l. 14 9
Wheat,spr’g,N0.2,1001b. 10 7
Spring, No. 3...
“ 10 2
Winter,West.,n.
“ 11 4
Southern, new.
“
11 6
Av. Cal. white..
“
10 7
“
11 2
California club.
s.
d.
9
6
s.
14
10
10
^
1
3
11
11
10
5
6
0
11
5 9%
5 8%
Liverpool Provisions Market.8.
60
35
36
76
39
71
•
d.
0
0
6
0
0
0
8.
8.
60
35
36
76
39
71
Fri.
Thurs.
Wed.
d.
Tues.
Mon.
d.
s.
60 0
35 0
36 6
76 0
38 9
71 0
Sat.
d.
Pork, West, mess.. $bbl.60 0
Bacon, long clear, cwt. .35 6
Short clear
“
37 0
Beef, pr. mess, $ tierce.76 0
Lard, prime West. $cwt.39 0
Cheese, Am. choice “ 71 0
s.
0
0
6
0
0
61
35
36
76
39
0
71
d.
0
0
6
0
6
0
s.
61
35
36
76
39
71
d.
0
0
6
0
0
0
r
London Petroleum Market
Pet’leum, ref. $ gal.
Pet’ieum, spirits “
d.
6
6
..
®
Tues.
d.
Mon.
Sat.
d.
..
-
'2)6%
®
.
-
.
-
.
.
®
®
..
*
.
Wed.
d.
®
®
.
Thurs.
d.
6
„
-*
..
®
-•
Fri.
..
..
®
-©
..
..
(Commercial aurtlHiscerUmeoas Hews.
Imports and
Exports for the Week.—The
imports of last
compared with those of the preceding week, show
dry goods and general merchandise.
$11 503,695, against $8,532,763 the pre¬
ceding week and $11,724,181 two weeks previous. The exports
for the week ended April 6 amounted to $7,194,662, against
$7,291,412 last week and $8,146,413 the previous week. The
deliveries of British as well as Continental farmers are on a following are the imports at New York for the week ending
dry goods) April 1 and for the week ending (for general
declining scale. Large quantities of foreign produce will there¬ (for
merchandise) April 2:
fore be necessary during the remaining months of the season.
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1877.
1878.
1879.
vl880.
During the week ended March 20, the sales of home-grown Dry Goods
$1,906,280 $1,472,814
$1,819,898 $3,082,653
wheat in the 150 principal markets of England and Wales General mdse...
4,346,278
2,943,490
4,176,895
8,421,042
amounted to only 24,336 quarters, against 50,340 quarters last Total week
$6,252,558
$4,416,304 $5,996,793 $11,503,695
Prev. reported..
84,511,978
74,763,134 77,114,458 121,529,702
year; while it is computed that they were in the whole kingdom
97,500 quarters, against 201,500 quarters’ in 1878,
Since Total s’ce Jan. 1. $90,764,536 $79,179,438 $83,111,251 $133,033,397
harvest the sales in the 150 principal markets have been
In our report of the dry goods trade will be found the imports
of
dry goods for one week later.
'
921,108 quarters, against 1,618,714 quarters; while it is com¬
The following is a statement of the exports (exclusive of
puted that they have been in the. whole kingdom 3,684,500 specie) from the port of New York to foreign ports for the
quarters, against • 6,475,000 quarters in the corresponding week ending April 6?
EXPORTS FROM NEW YORK FOR THE WEEK.
period of last season.
Without reckoning the supplies fur¬
1877.
1878.
1879.
1880.
nished ex-granary at the commencement; of each season, it is For the week.... $5,995,142
$6,496,993. $5,960,298
$7,194,662
64,553,428
88,453,525 73,847,378
83,798,541
estimated that the following quantities of wheat and flour have Prev. reported..
Total s’ce Jan. 1. $70,548,570 $94,950,518 $84,807,676 $90,993,203
been placed upon the British markets sinc£ harvest:
week,
increase in both
The total imports were
an
310—Str.
April
3209—Str.
The following will show the exports
of New York for the week ending
of specie from the port
April 3, and also
a com¬
parison of the total since Jan. 1, 1880, with the corresponding
totals for several previous years:
-
375
THE CHRONICLE
10, 1880,]
March.
Mex. silv* dola.
Mex. silv. dols.
Span. silv. coin.
Cape Haytien
*•'
2—Str. Claudius
110
gold coin..
13,725
St. Domingo City ...Mex. silv. dols.
Laguayra
Am. gold coin..
10,400
10,000
Am.
April.
$3,000
500
950
Am. silv. bars.
Paris
France
Santo Domingo..Samara
$23,725 gold)
Previously reported ($1,530,697 silv., and $1,479,371 gold)
$44,685
3,010,068
committee of the House
Committee
on
Pacific Railroads, at
Washington, April 8, consisting of Messrs. McLane, Bliss, Clark,
Harmer and Newberry, charged with the consideration of the
case of the Northern Pacific Railroad, Mr. Clark offered a reso¬
lution declaring that it was neither wise nor expedient to extend
the time for the completion of the road, and the resolution was
unanimously adopted. He then proposed a resolution declaring
that the road had forfeited the land grant made to it by Con¬
gress, which was discussed but not voted on.
Peoria Decatur & Evansville.—The election at Evansville,
Ind.,
on
the propositions to subscribe for $125,000 of the stock
and $100,000 in the Local Trade Railroad
Company, resulted in the success of both. The proposal to
give $200,000 to this road had previously been defeated by the
Tofc.since Jan. 1, ’80 ($1,551,657 silv., and $1,503,096 gold) ..$3,054,753
Same time inSame time inpeople.
Same time in$16,668,880
1879
$5,424,499 1875..... $17,416,273 1871
St. Paul & Siouk City.—A despatch from Sioux City, April 8,
7,084,952
9,464,084 1870
1878
5,041.809 1874
1869
says
: “ The St. Paul & Sioux City Railroad Company have given
9,584,952
1877
16.510,818
3,529,106 1873
16,897,258 a mortgage to the Central Trust Company of New York on
1876
6,610,078 1868
13,813,743 1872
The imports of specie at this port for the same periods have three lines built or now building. The mortgage provides
funds for building 170 miles of new road this season.”
been as follows:
Selma Rome & Dalton.—By a decree ot the Supreme Court
March.
29—Str. Colon
U. S. of Colombia...Am. silv. coin..
$685 of Alabama, the Selma Rome & Dalton Railroad, from Selma to
Am. gold coin..
630 the
Georgia State line, has been ordered to be sold on Monday,
Ailsa
296
U. S. of Colombia. ..Gold dust
Kio de Janeiro .Danish West Indies. Am. silv. coin..
3,296 June 14. The sale is to take place at Selma, and the mininum
Total for the week ($20,960 silver, and
..
of this company
*
.
April.
3—Almera
For. silv. coin..
Mexico
Wooley
$5,281
$926 gold)
Previously reported ($1,494,796 silv., and $1,143,092 gold)
Total for the week ($4,355 silver, and
Tot. since Jan. 1, ’80
..
2,637,888
Erice
olders
is of$1,500,000.
the first and
Atsecond
a meeting
of thebonds
directors
andSelma
large
mortgage
of the
Rome & Dalton Railroad in New York, it was decided to organ¬
ize for the protection of all classes of the securities of the road.
The Farmers’ Loan and Trust Company of New York City was
appointed
transfer agent for the stock. The meeting agreed
time in$2,907,667 that an appeal be taken from the recent unjust, it was claimed,
($1,499,151 silv., and $1,144,018 gold).. $2,643,169
Same time in—
N I
1879
$3,009,353
1878
5,806,593 |
Same time in-
$5,064,248
1875
1874.....
1,115,031
5,843,813 j 1*873
1,452,159 11872
1877
1876.....
374
1,059,688
578,725
Same
1871
1870
1869,....
1868
6,102,639
decision of the State Court of Alabama to the United States
7,187,685
Supreme Court. This decision affirmed the claims of the first
and second mortgage bondholders of the Alabama & Tennessee
River Railroad Company to be a prior lien upon the Selma Rome
2,589,164
The following table shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
& Dalton road.
Sheboygan & Eon du Lac.—On April 3 this road was sold
It was bid in by Albert and Martin L. Sykes
for
$1,500,000. The road has been lately operated under the
Receipts.
Payments.
Gold.
Currency.
auspices of the Chicago & Northwestern Railway Company, and
it is supposed that the company will now extend the road to a
$
$
$
$
677,231 71 100,040,007 30 5,38o,687 9d westerly connection with the Minnesota line of the Northwestern
April 3... 1,036,728 29
5...
939,497 63
875,568 08 100,251,082 52 5,288,542 28
6...
486,485 10 101,205,682 67 5,320,982 55 Railway.
1,475,525 52
7...
732,666 77 101,526.246 25 5,340,686 12
1,072,933 92
Southern Pacific Railroad.—Track is laid to 20 miles east
8...
925,584 66 101,yl3,375 53 5,563,214 19 of
1,535,242 01
Tucson, and is near the Tombstone mining district.
9...
1,164,143 80 1,296,342 02 101,705.709 12 5.638.682 38
Clearing House Exchanges.—Our contemporary the Public
Total
7,274.071 17 4,993,878 34
has worked up with great energy and persistence the statistics
U. S. Legal Tenders and National Bank Notes.—From the of bank clearings in all the leading cities of the country. It
Comptroller of the Currency, Hon. John Jay Knox, we have the has thus contributed to the stock of current financial informa¬
following statement of the currency movements and Treasury tion these entirely new and exceedingly interesting data in
regard to bank clearings, which show, so far as may be, the
balances for three months past:
relative volume of business transactions from year to year.
S.
U.
Bonds held as security for
The Public says : “During the first quarter of 1880 the volume
Jan. 31.
National Banks.—
Feb. 29.
March 31.
Bonds for circulation deposited... $3,958,400 $5,268,800 $5,126,500 of
legitimate business has been about as large, either in New
Bonds for circulation withdrawn.
6,213,500
7,306,650
4,198,500
York or throughout the country, as it was during the marvel¬
Total held for circulation
364,765,900 362,728,050 363,656,050
Bonds held as security for deposits 14,317,000
14,617,000 14,672,000 ous fourth quarter of 1879, when all prices bounded upward as
if by magic, and the whole face of the commercial world seemed
Legal-lender Nptes.—
Deposited in Treasury under act
of June 20,1874
3,375,000
2,138,556
570,100 changed. ***** In comparison with the first quarter
of last
Total now on deposit, including
year, however, a remarkable increase in exchanges is
liquidating banks
16,706,370 18,365,257 18,600,747 seen. The gain in the aggregate outside New York is 40 per
Total entered under act of Jan. 14,
cent in spite of the decrease at San Francisco, the only city
1875
35,318,984 35,318,984 35,318,984
which does not share in the improvement. The gain m the
Total amount of greenbacks out¬
standing
346,681,010 346,6S1,016 346,681,016 aggregate at all cities is 55 per cent, and no part of this is due
National Bank Circulation—
to the activity of speculation here.
Deducting double the
New circulation issued
1,603,875
703,490
1,143,450 market value of stocks
sold,
the
remaining
exchanges at New
Circulation retired
260,302
797,412
395,360
York show an increase of 63*9 per cent.”
•
Total notes OutstandingCurrency.342,304,789 342,210,867 342,958,957
—The Ontario Silver Mining Company announces its fiftyGold
1,426,120
1,426,120
1,426,120 fourth dividend of
fifty cents per share (for March), payable at
Notes rec’vd for redem’n from—
Wells,
Fargo
&
Co.’s
on the 15th. Transfers close on the 10th.
3,169,000
New York
1,709,000
1,023,000
549,000
296,000
—The Deadwood Mining Company announces its usual divi¬
Boston
552,000
Philadelphia
245,000
210,000
171,000 dend of twenty-five cents per snare (for March), payable at
Miscellaneous
1,676,000
1,494,000
1,652,000
Wells, Fargo & Co.’s on the 20th.
Transfers, close on the 15th.
under foreclosure.
Balances.
>
“
“
“
“
“
•
Total.......
$5,642,000
$3,962,000
$3,142,000
~~
BANKING AND
Comptroller of the Currency on April 1,
18i0, showing the amounts of National Bank notes and of Legal
Tender notes outstanding at the dates of the passage of the
Acts of June 20, 1874, January 14, 1875, and May 31, 1878,
together with the amounts outstanding at date", and the
Statement of the
increase
or
$349,894,182
20,1874
351,861,450
322,555,965
342,958,957
748,090
17,293,681
outstanding January 14, 1875
outstanding May 31, 1878
Amount outstanding at date*
Increase during the last month
Increase since April 1,1879
Legal Tender Notes—
Amount outstanding June 20, 1874
Ampunt outstanding January 14. 1875
Amount
Amount
.
Amount retired under act of Jan. 14,1875, to May 31; ’78
Amount outstanding on and since Mav 31, 18”8
Amount on deposit with the U. S.'Treasurer to redeem
notes of insolvent and liquidating banks, and banks
$382,000,000
382,000,000
35,318,984
346,681,016
retiring circulation under Act of June 20,1874
18,600,747
during the last month
2 -<5.490
5,800,049
since April 1,1879
circulation of national gold banks, not included in the above,
Increase in deposit
Increase in deposit
*
$1,426,120.
Madison & Portage.—At Madison, Wis., April 6, the Madison
& Portage Railroad was sold under foreclosure of mortgage to
the Chicago Milwaukee & St. Paul Railroad Company, the
judgment being about $900,000.
glNorthern Pacific Land Grant.—At
a
meeting of the sub¬
FISK
&
FIN1KC1AL.7
HATCH,
BANKERS,
AND
DEALERS IN GOVERNMENT BONDS,
und other desirable Investment Securities,
NO. 5 NASSAU STREET, N. Y.
decrease:
National Bank Notes—
Amount outsrauding Juue
^
Buy and sell all issues
of Government Bonds, in largo or small
amounts, at current market prices, and will be pleased to furnish infor¬
mation in reference to ail matters connected with investments in Gov¬
ernment Bonds.
prepared to give information in regard to first-class Railway
orders for the same.
all
marketable
Buy and sell
Stocks and Bonds on commission, at the
Stock Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants, and others, and allow
interest on daily balances; and for those keeping accouuts with us w©
collect U. S. coupons and registered interest, and other coupons, divi¬
dends, &c., and credit without charge.
J5P3 We give special attention to orders from Banks, Bankers, Institu¬
tions and investors out of the city, by MAIL or TELEGRAPH, to buy or
seU GOVERNMENT BONDS, STATE adh RAILROAD BONDS, BANK
STOCKS, RAILROAD STOCKS, and other securities. ^
We have issued the Seventh Edition of “ Memoranda Concerning Gov
eminent Bonds,” copies of which can be had on application.
We are
Securities and to execute
FISK <fc HATCH.
NATIONAL BANKS
The United States
Range since
ORGANIZED.
furnishes the
Comptroller of the Currency
following statement of National Banks organized :
2,469—The City National Bank of Clinton, Iowa. Authorized capital,
$100,000; paid-in capital, $50,000. Augustus Lisbon Stone,
President; Alfred Garret Smith, Cashier.
Authorized to com¬
mence
business March 31st, 1880.
The following dividend has
Name of
Per
Books Closed.
Cent.
Payable.
(Days inclusive.)
4
May
Feb.
10225i Jan. 13 104
104*8 Jan.
7 105 7e Mar.
103
Feb.
2 104 Jan.
10638 Jan.
2 109*4 Feb.
103
2 1073s Mar.
Jan.
6s,cur’ncy.reg. 125*2 Feb. 18 126*2 Feb.
1 April 21 to May 2
FRIDAY, APRIL 9,
Money Market
and Financial
1880-5 P, Iff. *
con¬
Situation.—The
generally expected. The charge has been freely made that
locked up for the purpose of depressing stocks, but
it has not been clearly proved that such was the case, and it is
more than possible that the low point to which the bank re¬
serves are reduced, together with the use of a large amount of
money by the N. Y. Central Stock Syndicate, were sufficient to
cause" all the money pressure which has taken place. It may be
found this month, as in January, that money does not return to
our banks from the country with anything like its accustomed
celerity, and there is not a "doubt that the use for money in dis¬
tricts remote from the Atlantic cities has vastly increased dur¬
ing the past twelve months. It would be an exceedingly in¬
teresting fact in this connection were it possible to show what
amount of New York funds are employed in the State of Colo¬
rado alone, as compared with the amount at this time last
been
money was
year.
The rates for call loans to ? stock borrowers have been
and while 5 @6 per cent has been the minimum rate, a
sion varying from 1-64 to % per cent a day has
..
.
Legal tenders.
Legal reserve.
Reserve held.
1880.
Differ’nces fr’m
1879.
1878.
previous week.
April 5.
April 6.
acts amendatory thereto.
The following securities were
Surplus
18,365.000
19,635,500
193,121.700
31.815.800
36
26
12
1
50
37
$258,425
$48,280,425
50.180.800
Def.$3C9,900 Dec.$l,271,075
$1,900,375
$12,091,900
United States Bonds.—Government
porary
103*70.
Apr.
Apr.
2.
9.
past and
Range since Jan. 1,1880.
Highest.
Lowest.
U. 8. 5s of 1881
U. S. 4*28 of 1891
U. 8. 4s of 1907
Closing
prices at tiie
N. 1. Board have been as follows:
T
Interest
April
April
April
April
Periods.
3.
5.
6.
7.
*103% *103% *103 7s
*103% *103% *103 7s
*105*2 105% 105%
*105^ *10534 *105%
*102*8 102*4 *102*4
"1033a 103*2 *103*2
*109
*109
*109
*109
109*8 *109
*1067s 3 07*8 *107*4
,,-Jan.j 1067b 107*8 107*4
*122
*122
j & j" *123
*122
*122
j & J. *123
*122
*122
j
& J. *123
*122
j & J. *125*2 *122
*122
& J. *125*2 *122
j
T
& j.
& j.
& j.
& j.
►.-Feb.
►.-Feb.
►.-Mar.
►.-Mar.
q .-Jan.
6s, 1880
6s, 1880
6s, 1881
6s, 1881
5s, 1881
5s, 1881
4*28,1891
reg.
coup. J
reg. J
coup. J
4*28,1891
4s, 1907
coup.
U
..reg.
coup.
reg.
reg.
.
.
.
.
April April
8.
9.
*104
*104
*104
*104
*104
*104
105 7h *105% *10534
1057e *10578 *10534
*10238 *1023b *302*4
10338 1035g 10338
*109
*10878 *108 78
*109
*10878 *1087s
107
*107
*107*8
107*8 107*8 *107*8
*125
*122
*122
*125
*122
*122
coup.
4s, 1907
6s, cur’cy, 189)..reg.
6s, cur’cy, 1896..reg.
*122
*122
6s, cur’cy, 1897..reg.
*125*2 *122
6s, cur’cy,*1898..reg.
*126
1 *122
6s. cur’cy. 18'>9..reg.
Tina ia the price bid; no sale was made at the Board.
*125
*125*2
*125*2
RR. 2d mort
37u
Dal¬
23,000 Selma Rome &
ton
15
Dalton
cent mort.
October l,
RR. 7 per
bonds,
due
15*e@15*4
1887
141
Stocks.—The stock market
The tightness of the money
at times, and then on a tem¬
Miscellaneous
relaxation reports have been
circulated that the heavy
operators were about to turn bulls and become heavy purchasers,,
and thus the tone has been kept feverish and unsettled. The
new developments in respect to the elevated roads have been
that the Manhattan or Metropolitan must repay the N. Y.
Elevated $750,000 for its funds misapplied ; and secondly, the
lawsuit of Mr. Caro, in which the Superior Court expresses an
opinion that as a property-owner he may sue the Metropolitan
Company for damages to his property from smoke, cinders, bad
smells, &c. This decision, we believe, is of far less importance
generally supposed. The Manhattan stock has met with
and it would not be strange if the control
of the company should yet go into the hands of parties who
would protect the stock and pay all. the rentals.
Railroad earnings, on another page, are worthy of careful
study, and the report we give to-day is the most complete that
has ever been published.
Total sales of leading stocks for the week ending Thursday,
and the range in prices for the year 1879 and from Jan. 1, 1880,
to date, were as follows:
than is
some
strong buyers,
Sales of
Range since Jan.
Week,
Shares.
Canada Southern. *.. 111,630
109,600
Central of N. J
410
Chicago & Alton
2,223
Chic. Burl. & Quincy
37,810
Chic. Mil. & St.P....
9,065
Do
do pref.
24,260
Chic. & Northw
4,945
Do
do pref.
975
Chic. Rock Isl. & Pac.
3,199
Col. Chic.& Ind.Cent.
23,210
Del. & Hudson Cana!
Del. Lack. & Western 113,211
9,375
Hannibal & St. Jo...
9,220
do pref.
Do
9,439
Illinois Central—:.
5,900
Lake Erie <fc Western
46,780
Lake Shore i.
4,339
Louisville & Nashv..
146,106
Manhattan
.
Mar. 19 10678 Jan. 12
105*8 105*2 105% 105
111
110
111*2 10978 Jan. 2 111*2 Feb. 10
109
108
109*2 106*4 Jan. 2 1097e Feb. 19
'
RR. Istmort
5,000 Selma Rome &
80
Sterling Fire Ins
Jefferson Ins—
securities have been very
Closing prices of securities in London for three weeks
the range since January 1, 1880, were as follows:
3,000 Selma Rome & Dalton
55
Clinton Hall Asso
78
mort. 7s, due 1890...
Ill
976 80 Jefferson Ins. scrip.. 76*2
has been irregular and unsettled.
market has checked operations
strong this week in the face of the close money market and
the smaller purchases by the Treasury. Mr. Vanderbilt is
reported as a heavy purchaser with the proceeds of his New
York Central stock sale, and it is believed that he now holds
about $45,000,000 of Government bonds, with the purpose of
increasing his holdings to $50,000,000. At the Treasury purchase on Wednesday, $1,500,000 bonds were taken. The offers
of bonds amounted to $5,259,200. All sixes of 1880 were taken
at 104*05 to 104*12; sixes of 1881 up to 105*99, and fives up to
Mar.
25.
Bonds.
City Fire Ins
120
Bank of Manhattan Co... 145
Tradesmen’s Nat. Bank.. 110
Railroad and
19,944,600
204,663,200
1,529,500
State^
$1,300 Citizens’ Fire Ins scr.
20,000 Sixth Av. RR. 1st
171 Pacific Fire Ins
205*2
166 Stuyvesant Fire Ins
119*2
150 Peter Cooper Ins. ..182® 182*2
4 Frank. & Emporium Ins.. 130 ,
200
130 Citizens’ lire Ins
20 Pacific Bank
146
16 Nassau Fire Ins. of Brook.161
36.620.700
26,637,000
$51,165,800
63.257.700
Dec.
Dec.
17
31
17
sold at auction:
Shares.
$227,200 $235,836,600 $240,649,100
53,669.300 Dec. 1,104,500
13,600
20.981.600 Dec.
259,306,800 Dec. 1,033,700
425,000
10,847,500 Deo.
64,516,800
290,660,050
170,058,800
514,793,950
64,623,512
29
$3,421,000
61,897,900
208,302,850
79,941,200
224,223,400
as
high,
April 3.
$64,826,700
176,938,550
some
paid in addition.
prime commercial paper sells at 5(3)6 per cent.
The Bank of England, on Thursday, showed a loss of £388,000 in specie for the week, but the reserve stood at 45% per
cent, against 43% per cent the previous week; the discount
rate remains at 3 per cent. The Bank of France showed a
decline of 603,000 francs during the week.
The last statement of the New York City Clearing-House
banks, issued April 3, showed a decrease of $1,271,075 in
the reserve held against the deposits, there being now a deficit
of $309,900 below the legal requirement, against a surplus of
$961,175 the previous week.
The following table shows the changes from the previous week
and a comparison with the two Drecedinar years.
Circulation
Net deposits
$13,865,000
2
issued
stocks,,
dealt in on
speculative account, and there is but little variation in theprices of investment bonds, which are very firmly held. A bill
has been reported to the House of Representatives amending in
particulars the Thurman law affecting the Pacific rail¬
roads, and extending the act to the Kansas Pacific, the Central
Branch of the Union Pacific, and the Sioux City & Pacific
railroads, since these three roads were created by the same act
the Central Pacific and Union Pacific roads, and constitute
the money-subsidized roads as created by the act of 1862 and
commis¬
frequently been
Government bond dealers pay 4@5 per cent;
Specie
16
Coupon
Railroad Bonds.—The transactions in
bonds have been small. The new State bonds are now
in South Carolina for the valid portion of the consols.
Railroad bonds have yielded slightly in sympathy with
but this applies mainly to the issues sometimes
spicuous feature of the present week has been the continued
stringency in the money market, when a relaxation in rates had
Loans and dis. $290,639,500 Deo.
Registered.
State and
When
Railroad.
Panama.
Amount April 1, 1880.
Highest.
68, 1880
cp.
6s, 1881
cp.
5s, 1881—cp.
4*28, 1891..cp.
48, 1907
cp.
recently been announced:
Company.
1, 1880, were as follows:
Jan. 1, 1880.
Lowest.
VIDENDS.
D I
1, 1880, and the amount of each
The range in prices since Jan.
class of bonds outstanding April
glue j£jtohmr da&elte.
The
[Vol. XXX.
THE CHRONICLE.
376
Michigan Central....
Northern Pacific
Do
pref.
Ohio & Mississippi..
Pacific Mail
Panama
....
'
St. L. Iron Mt.&South.
St. L.& San Francisco
Do
pref.
Do
1 st pref.
19,495
20,291
78,475
175,730
*
Range from Sept.
70*8 Feb. 12
2
83
Jan.
2
33% Jan.
78*2
75
8978
100*4
134*2
82*e
102%
94*2
863& Mar. 30
38
89*8
9478 Mar. 22
42*2 Feb. 24
43
94
13*4
41*2
57*2 Mar. 16
Mar. 5
Jan. 27
35
72*4
73%
98
64
Jan.
99*2
20*2
98*8
86*8
25%
Jan.
Jan.
Jan.
Jan.
70*8
76
Feb. 24 34
7
2 11' >
Mar. 31 79*4 100%
28*2
4 *16
2 3838 Mar.
108
ft 111*8 Mar. 4 67
89*2
2 35
8 164*2 Apr.
Apr.
1
4178 Jan. .5
673a Jan. 20
29
Apr.
51*2 Apr.
2878 Jan.
800
68*2 Jan.
84*2 Jan.
37,570
45*4
33*2
Jan.
39 - Apr.
49*4 Jan.
Tel..
High
75*4 Jan.
3,660
3,020
16,362
20,900
Low.
2 152
Jan. 26 111*8
5 853g Mar. 27 3438
2 107*2 Mar. 29 74%
10038 Jan.
Mar. 31 495s
88*2 Feb. 11 97
104
Feb. 10 110*2 Mar. 23 7678 108
150*2
2 190
Mar. 31 119
149
Jan.
28
5
15*2 Mar. 27 25*8 Jan. 26
136
36*2 Jan.
Jan.
155 168
64
Feb
22 300
49*8 Jan.
46,295
Union Pacific
Wab. St. L. & Pacific
do pref.
Do
Western Union
74*2 Jan. 14
90*4 Mar. 8
2 116
Mar. 29
5
7
88 % Feb. 11 95
63,750
2 49*4
32
Jan.
45,485
2,022 101% Jan. 6 110*2
10;600 76 Jan. 21 128
82,878 129 Jan. 31 137
Missouri Kan. & Tex.
Morris & Essex
Nashv. Chatt. & St. L.
N.Y. Cent.& Hud.Riv
N.Y. Lake E.& West. 283,420
5,400
Do
do pref.
Year 1879.
Highest.
Lowest.
57% Apr.
76 7s Apr.
99*2 Jan.
Range for
1,1880.
40
"Apr.
DO
J dU.
Feb. 28
Mar. 5
Mar. 31
487s Feb.
2
2
73 7s Feb.
36
Jau. 14
Jan. 13
60
2
2
5 44*2
5 62
2 185
11
723s
2 66
3 -48
2
60*4
2 83*2
6 9738
7 48
9
Mar.
Mar.
Feb.
Jan,
Feb.
Feb.
Mar.
Mar.
Jan.
Jan.
6
8
17
3
17
2
8
9
19
27
13
3*8
4*8
9%
57*2
56
53
60*2
78*2
95
07
99% Jan. .6 116*2 Feb. 24
25. t Range from July 30.
53s 35%
75*8 104*2
35*2 83
139
112
21*8 49
37*2 78*8
40*2
116
t 44*4 65
7% 333s
103s 39*2
182
123
8858 116
Apbil
877
THE CHRONICLE.
10, 1880, J
-Latest earnings
.
reported.
$469,679
2,379,398
43
62
82*
84*
77*
78
24
33
26
Ches.&Ohio.. 23*
Do 1st prf. ♦31
Do 2d prf.. *25
23* 23*
42
*40
39*
39*
57* 58*
78* 79
16*
84*
16*
83*
71
78
71
79
71
80
107
103
92% 93*
35* 36*
Hous.&Tex.C.
Illinois Cent.. 106*:
Lake Erie&W. 35
Lake Shore.... 107*:
Louisv.&Nash 162*:
Manhattan.... 2 3*
Mar.&C.lst pf.
Do
2d prf.
Mich.Central,.
35% 35*
69% 71
77* 79
107
35
107
156
158
35* 35*
35*
108* 109
108* 108*
159
162*
20% 31*
27% 29*
;
185
Panama
69* 69%
Phil. & Read’g
St.L.A.A T.H.
37
74
38*
74
42* 44*
185
69* 69%
57* 58;
39% 39
*55*
56%
55* 55*
39
40
79
43 *
44
79
29*
52*
23%
35*
72*
30*
53
23'
37
7"
39% 43*
180* 190
67% 69>*
23% 23*
67
56* 58
"
25% 26
69
69
79
....
43* 43*
"
132
42* 45
67* 69*
185
185
38% 39
55
56%
*76% 78*
15* 16
81* 83%
89* 92% 89% 92*
34
85* 34* 35*
68
70*
69% 69
77
79
78* 80
105
107
105% 108*
34
33
32* 34
107% 108: 107% 109*
155
155 156 159*
28* 32*
27% 28
131
These
are
35% 37%
36*
29% 30*
52% 53*
8*
24
40%
*180
IP
190
67* 68%
74*
♦185
68
24
38”
74*
190*
68%
25
55% 57%
39**38
54* 54* *53
43%
43* 43%
78
43
26% 27*
39
76
78
78* 79
...
2
77
..?!
75
76
44
44
1* 2*
89
90*
42% 41* 43
40
63% 68% 67% 68%
106* 106% 105* 107*
asked; no sale was made at the
The latest railroad earnings and the totals from
latest dates are given below. The statement includes
Board.
Jan. 1 to
the ^ross
earnings 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
mentioned in the second column.
/—Latest earnings reported.—
Week
or
Ala.Gt. Southern.February
.
Albany & 8usq ..February
.
$51,227
Atchison & Neb ..1st wk Mar
Atch.Top.&S.Fe. 4th wkMar
Atl. & Char.Air-L.January...
Atl.&Gt. West.... February .
Atl. Miss. & Ohio.February .
Bur.C.Rap.& No..4th wkMar
104,434
167,500
82,388
384,000
161,954
62.205
139,107
Q.. .February .1,180,853
Chicago & Alton .4thwkMar
$106,628
$67,035
204,396
160,249
150,842
57,709
1,585,500
1,192,447
294,712
121,451
35,746
„
86,766 1,623,692
982,377 2,381,091
*
Dejiv.S.P’k& Pac.February
.
Dubuque&S.City. 4th wkMar
Eastern
.February .
Flint & Pere Mar.4th wk Mar
Gal. Har.& San A.January...
Grand Trunk. Wk.end. Apr. 3
Gr’t Western.Wk.end. Apr. 2
Hannibal & St. Jo. 4th wkMar
Houst. & Texas C.February .
IllinoisCen. (III.).March
Do
(Iowa).March:
135,430
25,353
21,375
175,345
51,582
103,139
203,498
102,110
69,050
272,791
475,324
144,671
'ndianaBl.&W.. 4th wkMar
31,960
25,433
- 58,200
19,566
Kans.C.Law.& So.3d wk Mar.
12,749
C.C. St. J. &C.B.3d wkMar.
35,858
Little Rk. & Ft. S. March
33,000
Louisv. & Nash v. 3d wkMar. 122,900
Hinn. & St. Louis. 3d wk Mar.
10,295
[nt. & Gt. North. .3d wk Mar.
[owa Central
February .
SL C. Ft. S.&Gulf.3d wkMar.
Ho. Kan. & Texas. rth wkMar
128,522
Hobile & Montg..January...
78,154
Hobile & Ohio....4thwkMar
48,550
STashv. Ch.&St.L.February
191,154
N. Y. & Canada ..February
48,855
N. Y. Cent. & Hud.March
2,854,835
N.Y. L. Erie & W. February .1,252,218
N.Y.&N. Engl’d. 3d wkMar.
38,980
North Wisconsin.March
17,762
Northern Central. February
330,860
Northern Pacific .February
56,419
.
.
.
.
9gd. & L. Champ.March.....
Pad.&Elizabetht.3d wkMar.
Pad.& Memphis.. 3d wkMar.-
30,339
7,742
3,985
February .2,944,576
Peoria Dec. & Ev.4th wkMar
9,580
Pennsylvania
82,388
773,486
318,824
537,812
70,337
57,709
593,358
231,345
326,563
48,399
611,483
4,286
226,378 1,003,702
83,291
92,946
45,383
1,280,272 3,488,614 3,426,129
322,916
623,765
132.172
10,159
Chio.Cl.Dub.&M.3d wkMar.
12,184
Chic. & East. Ill..4thwkMar
22,898
18,627
Chic. Mil. & St. P.4thwkMar 313,000
215,563
Chio. & Northw..March
1,395,000 1,107,042
31,464
Chic. St. P. <fc Min. 4th wk Mar
41,476
12,423
Chic. & W. Mich..3d wkMar.
15,819
13,431
Cin. & Springf. ..4thwkMar
22,557
70,426
Clev. Col. Cip.&I.4th wkMar 111,350
6,494
Clev. Mt.V. & Del.3d wk Mar
8,268
95,849
Del.& H.Can., Pa.Div. .Feb ..
84,484
Det. Lans. & No..3d wk Mar.
-Jan. 1 to latest date.1880.
1879.
$33,094
82,387
8,594
15,834
Cairo & St. Louis. 3d wkMar.
7,948
Canada Southern.March
409,189
Carolina Central.February .
48,213
Central Paciiic...March
1,250,000
Ches. & Ohio
March..... 222,749
Chic. Burl. &
1879.
1880.
Mo.
18,6*93
144,644
978,788
2,08 • ,475
109,004
244.009
195,555
2,403,000
3 ,681,315
1,700,739
275,915
227,852
165,556
209,227
927,438
92,153
196,647
279,730
126,596
141,160
716,130
72,461
183,912
228,629
224,185
17,895
377,659
153,371
375,029
32,006
103,139
114,930
1^4,223 2,490,432
83,572 1,190,295
549,972
69,443
591,832
241,315
400,159 1,355,233
384,230
132,001
286,643
21,717
381,082
28,744
136,219
45,139
256,750
13,943
6,186
25,837
122,286
23,414
90,226 1,646,674
121,213
8,186
66,909 1,050,808
78,154
80,869
622,084
45,650
396,788
158,034
98,665
27,519
2,474,392 7,765,679
3,004,986
173,933
195,566
316,610
253,359
114,930
2,192,585
1,073,214
485,984
502,061
1,244,618
334,655
246.473
394,338
103,200
156,972
72,011
1,174,715
77,677
613,867
80,869
527,884
315,313
53,106
6,709,508
1,207,391 2,548,599 2,354.564
349,957
426,650
33,662
22,397
7,993
55,061
273,607
44,658
20,556
665,354
138,262
88,813
81,604
538,610
81,672
59,8 -7
62,138
2,902
2,538,039
47,894
6,028,127
37,730
5,081,463
5,235
4,784
46,078
234,899
65,736
37,151
37,151
263,788
24,168
*>301,000 3,619,997 2,739,302
203,637 2,525,486 1,822,276
111,449
177,827
54,806
Demand.
Sixty Days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
4 85 ®4 86
4 84*®4 85*4
4 84
®4 84*
4 83%®4 84
5 20%®5 18%
5 21%®5 18%
5 20 ®5 18%
40 ®
40*4
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichmarks)
Frankfort
*
-
94%®
94%®
94%®
94%®
(reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
The
78* 78*
2*
88% 90
33,449
8,858
592,809
71,405
317,884
314,031
69,768
50,128
326,860
April 9.
45*
68* 69
22,646
34,165
76,652
4,684
Exchange.—There is some improvement in the foreign ex¬
change market, and except for the money stringency it is prob”
able that this would be still more marked. The actual rates
are about 4 85 for bankers’
60 days sterling, and 4 88% for
demand. Cable transfers are 4 88/2The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah buy¬
ing 3-16, selling 5-16 premium ; Charleston, scarce, buying %(&
3-16, selling XA premium ; New Orleans, commercial Y>f> pre¬
mium, bank 250 premium ; St. Louis, par ; Chicago, nominal,
25c. premium.
Quotations for foreign exchange are as follows :
134”
67% 68*
25% 26*
29%
52%
55* 57%
8
the prices bid and
131* 133* 132%
43% 44* 43*
56% 57%
39* 39%
54* 55*
Do
West. Un.Tel.
♦
22* 22*
40* 43% 41% 43*
107*
107*
107* 108
81
82*
82* 82
21% 22
67
9?^
9ol|
66% 685
Sg el! gg
pref.
105* 106* 106*107 106^106% 105* 106>
Sutro Tunnel.
Union Pacific.
Wab.St.L.& P.
10
9i” 92% 91% 92*
75
.
St. Paul &S.City..4th wkMar
40,349
Seioto Valley ....4th wkMar
9,895
Southern Minn...January...
50,128
30,128
Tol.Peoria& War. 4th wkMar
Union Pacific
March
1,739.000
Wab. St. L.& Pac.4th wkMar 287,342
85.171
Wisconsin Cent...February .
Wisconsin Valley.4thwkMar
12,372
*.... 189
92*
21* 22
39?* 42%
107* 107*
79
79*
31* 33
31%
54* 54%
23* 23%
38* 38*
75* 76*
44
45*
pref.
St.P.Minn.&Man.February
££,031
69,326
33,214
137,645
St. L. & San Fran.4th wkMar
St.Paul& Duluth.February .
109* 110
91
91* 92*
23* 23*
44* 43* 44*
108
107* 107%
82
81% 82
34* 33*' 34
133
132
132*
45*
45* 45^
70
69i
69%
26* 26* 26%
92*
31
St.P.&SiouxC.
22* 23*
10
23
Mobile&Ohio.
Mo.Kans.&T.
Mor.& Essex..
Nash.Ch.&StL
NewCent.Coal
Do
pref.
St.L.I.M. A So.
St.L.&S.Fran.
Do
pref.
Do 1st prf.
80*
77* 77*
22* 23
77
95* 9654 95* 96
108
108*110* 108* 108* lO?*
186
187
*186 190
188* 190
88
89
g*
N.Y.C. & H. R.
N.Y.L.E. & W.
Do
pref.
N.Y.Ont. & W.
Northern Pac.
Do
pref.
Ohio Central..
Ohio & Miss...
Do
pref.
Pacific Mail...
?07§
42* 43*
58* 61
....
Ch.St.Ji.&N.O. *40
Chic.St.P.&M.
Clev.C. C.& I.
Col.Chic.&I.C.
Del.&H.Canal
Del.Lack.&W. 92*
Han.&St. Jo.. 35*
Do
79
79
42* 43*
57% 60
_
Chic.M.&St.P. 81*
Do
pref. 104
Chic. AN. W.. 95*
Do
pref. 108*
Chic.R. I.&P. 186
pref.
43
58* 61
81* 83%
31
31
*31
33*
♦24
26
*25
26
111
iia
‘
112”
112
*112 114* *
*.... 114
146
148
146
147
147* 147% 146
82* 80% 81% 80% 82
82* 82* 82
103* 103 104*
104
104* 103% 104 103
95
96
94* OS-
Chic. & Alton. *110
Chic Bur.& Q. «•
Do
72
72
43
42
61
$449,748
1,835,080
165,955
$237,000
877.865
226,363
86,406
197,606
309,007
-27,878
137,536
159,720
Do
(brchsj. 4th wkMar 14,f60
13,267
St. L. Iron Mt.& S.March
450,620 353,147 1,496,798 1,026,337
260,744
Philadel. & Erie February . $245,372
Phlla. & Reading. February .1,063,309
Rensselaer & Sar.February . 111,912
St.L.Alt.&T.H. ..4thwkMar
40,704
.
Am.Dist. Tel.
Atl.APac.Tel.
Canada South.
Cent, of N. J..
Cent. Pacific..
1879:
1880.
1879.
1880.
Week or Mo.
following
Sovereigns
Napoleons
are
$4 84 ®$4 87
384 ®3 87
® 4 78
® 4 00
Span’h Doubloons.15 85
®16 05
Alex. Doubloons..
Fine silver bars
..
95
95
95
95
quotations in gold for various
4 74
3 92
X X Reichmarks.
X Guilders
4
4
4
4
5
5
5
15 45
1 14
®15 65
® 1 14%
Dimes & % dimes.
Silver %s and %s.
Five francs
—
Mexican dollars..
—
English silver
Prus. silv.
....
thalers.
Trade dollars
®4 89
87%®4 88
87 ®4 871*
88
8H%®4 87
18%®5 15%
18%®5 16%
18%®5 15%
40%® 40%
95%® 95%
95%® 95%
95%® 95%
95%® 95%
coins:
99%® par.
99%® par.
92 ® — 95
91 ® — 92
—
—
4 80
—
—
® 4 85
68 ® — 70
99 %® — 99%
99 % ® par.
%prem.®14prem. New silver dollars —
Statement of the Comptroller of the Currency, showing by
States the amount of National Bank circulation issued, and the
Fine
gold bars
Legal Tender notes
amount of
deposited in the United States
National Bank circulation, from June 20,1874*
April 1,1880, and amount remaining on deposit at latter
Treasury to retire
to
date.
Legal-Tender Notes Deposited to
Retire National Bank Circula¬
Legal Ten¬
tion since June 20,1874.
Additional
Circulat’n
To retire
issued s’ce
States and
Redempt’n
June
20, of Notes of Circulat’n
Territories.
under Act
1874.
ders
Total
Liquidat - of J’ne 20, Deposits.
ing Banks 1874.
$
317,000
72,997
174,097
234,800
32.350
1.461.180
Maine
631,865
N. Hampshire
1.699.310
Vermont
Massachusetts 20,241.620
1,668,520
Rhode Island.
2,485,460
Connecticut
20,605,005
New York
1,712,165
New Jersey...
232.275
1.252.310
Diet. Columbia
Virginia
West Virginia.
N’rth Carolina
S’th Carolina.
417,664
80U.500
135,370
910,369
731,060
128,200
Kentucky...-..
....
Missouri
Ohio
Michigan
Wisconsin....
229,500
*122,323
1,284,610
645,750
10,000
2,099,250
2,7*45,666
197,948
1,015
2,134,800
2,842
433,475
193,621
804,201
251,100
144,000
3,622,430
624,670
767,260
629,867
370,401
998,510
1,583,754
1,225,097
1,744,934
364,500
653,860
811,669
735,530
1,017,800
420,095
Nebraska
Nevada
Colorado
Utah
Montana
..
Dakota
229,340
144,000
1,504,933
533,859
3,697,410
3,077,887
36 6
239,340
144,000
904,260
4,695,920
4,661,641
6,118,483 7,343,580
6,429,946 8,174,880
2,150,995 2,515.495
1,013,439 1,667,299
1,554,955 2,366,624
1,316,445 1,736,540
1,112,432
2,170,548
1,030,843
426,951
467,822
437,614
267,438
254,141
67,500
781,721
45,000
190,550
233,080
972,271
278,080
482,300
134,900
135,083
161,191
149,400
196,800
284,483
2,058
25,507
84,600
135,000
117,000
82,300
357,991
127,300
48,040
147,600
Kansas
45,000
51,375
19,632
90,000
New Mexico..
315,000
....
3,813,675
♦Legal tenders
87,482,805 17,890,308 79,613,034
♦Deposited prior to June
IT/xto 1
1,140,785
139,500
1,443,400
Totals
953,380
725,400
65,986
270,151
161,190
178,256
31,895
90,590
90,000
Iowa
California
1,012,585
*51,9*8*5
875,724
1,790,879
1,050,245
207,000
Minnesota....
Washington
1,812,9*8*6
458,060
880,510
319,185
36,630
129,528
1,177,943
196,872
606,641
5,506,197
376,941
1,432,514
287,725
2,730,020
3.238.180
2,540,615
1.976,410
Indiana
Illinois
1,646,380
217,231
470,850
45,000
.
Arkansas
Tennessee
166,606
456.000
with U. 8.
Treasurer
at date.
953,380
437,675
Florida
Alabama
Louisiana
Texas
1,243,437
7,587,300
*
1,235,660
90,700
Georgia
Mississippi..
1,069,340
7,352,500
902,735
870,385
1,911,330 1,976.680
2,163,878 23,072,031 25,235,909
241,660 1,517,280 1,758,940
1,192,826 6,631,321 7,824,147
Pennsylvania 10,102,090
Maryland
917,000
128,797
65.350
..
Delaware
600,000
55,800
on.
deposit
danoaifa
dil A1
20,1874, and remaining at
7 A17
IS,600.747
that date.
THE CHRONICLE.
378
New York City Banks.—The following statement
the condition of the Associated Banks of New York City
week ending at the commencement of business on April 3,
for the
Capital. Loans and
Specie.
discounts.
S
*
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
City
Tradesmen’s
Pulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile...
Pacific
Republic
Chatham
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
2,105.000
936.400
4.441.000
828.900
412,500
North America..
700.000
Hanover
Irving
Metropolitan....
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ & Tr..
Park
Mech. Bkg. Ass’n
North River.
East River
Fourth National.
Central Nat
Seoond Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
.,
1,000,000
500,000
3,000.000
600,000
1,000.000
1.378.100
1.140.500
8.999.100 1,122.800
382,000
3,375,000
6,108,600 2,090,800
339.600
3,047.000
324.800
1.678.100
12,570,100 3,193,300
545.500
3.523.700
449 110
4,002.800
300.700
1,423.900
103,000
20,400
407.200
116.900
59S.000
1.903.000
875,000
986.200
2.854.600
928.400
3.290.300
13,683,000
14,475.800
450,000
People’s
*
9,738.000
6.145.500
7.836.400
7.359.500
200,000
200,000
600,000
300,000
800,000
5,000,000
Net dept’s
Circula¬
Legal
other
tion.
Tenders. than U. S.
3,889.400
349.000
2.751.00C
506.000
1,500,000
18.381.300
16.183.600
839.100
313.200
1.897.500
3.295.100
3.685.500
5.308.700
t.488,500
67.40('
306.300
150.100
91.200
4l,8(K>
140,009
621,000
792,600
659.900
714.100
lO-'.HOO
L.225.900
877.000
922.900
2.129.900
860,800
263.100
180,000
2,700
474.800
37.800
S3,900
2,541.800
625.300
223.000
871.109
299.609
9.478,000
449,000
1,432.300
231.200
147,800
195.300
194.400
88.500
99.500
89.800
173,000
78.000
77.609
101.300
51.200
10,697,900
896.200
4.202.909
3.663.909
2.147.509
3.177.600
3.404.709
1.175.300
2.314.290
179.200
1,124,*300
399,000
5,400
180,000
2.829.800
289.200
17.708.100
110.900
28.000
175.200
47,000
607.700
356.900
8,471,000
2.875.100
1,138,000
2,514,000
450.000
4.558.200
13.442.300
787.800
785.500
521.000
279,000
286.200
115,709
311.400
65.300
1,022,900
2.853.000
2,034,000
190.700
8,904,600
750,000
300,000
100,000
1,380,800
200,000
50.800
737,000
779.700
818,200
224.900
14,713,200
7,402,000
810,000
1,490,000
45,000
450,000
2,921,000
4.420.700
9.466.500
973.800
450,000
794.400
208.800
13,620,000
32.000
273.000
1,067,400
224.400
13.700
298.900
327,000
44,700
1,277,400
180.900
654.000
78.060
1,858,200
3.273.700
267,800
322.900
39,600
1.437.300
of previous
returns
Loans and discounts
Dec.
Specie
Legal tenders
Dec.
week
8pecie.
L. Tenders.
*
$
follows
:
Dec. *1,033,700
Dec.
13,600
425,000 |
Dec.
Loans.
*
are as
1227,200 I Net deposits
1,104.500 I Circulation
The following are the totals for a series of
$
*
Aug. 23....263,570,100 19.631.100 41,838,600 235,953,900 20,827,500 482,688,369
30....258,160,300 19,684,700 41,279,300 228,817,400 20.942,500 476,563,861
Sept. 6....257,386,800 19,753.800 40,088,900 220,635,600 21,372,300 452,345,205
13....250,960,400 19.876,900 39,481,100 225.572,900 21,603,500 507.109,348
20....259,391,000 19,942.000 42,029,400 228,271,000 21,384,900 530.921.366
27... .260,763.700 20,017.400 40,047.700 229,983.000 21,531.900 591,859,560
Oct.
4....266,364,300 20.149,100 38,093,500 231,920,700 21,932,400 747,278.535
11....268,701,800 22,566.300 36,438.500 2:12,780,500 22,080,100 741,448,440
18... .267,505,500 20,383.000 33,097,700 232,805,300 22,286,800 798,960,746
25 ...269,433,300 27,682,600 30,151,700 231.668.000 22,448.700 701,277,728
Nov. 1....271,238.600 29,075,300 28,615,900 234,412,000 22,600.500 865,862,857
8... .270.070,800 33,823,800 23,486,900 231,927,700 22,341,500 772,150,134
“
“
“
6s,gold,reg
do
do
“
44
“
“
42.992.800 22,585,800 239,201,200
22....270,194,400 50,006,700 18.985,200 250,297,300
29....273.439,900 52,310,700 16,771,700 2-17,195,500
Dec.
6....273,101,100 54.771,000 14,673,200 247,030,100
13....275,750,100 54,069,400 13.403,900 247,559,200
20....278,098,100 50,842,900 12,543,400 246,118,600
15....268,538.800
44
4*
44
22,475,700
22,550.400
23,024,800
23,255,100
2(1,403,800
23,651,900
870.092.059
942.922,768
779.955,847
850,846,848
7221603,&39
666,418,518
^27....277,584,200 48,638,200 12,039,700 242,062,200 23,732,900 586,014,073
*8....276,706.200
...
242.087,100 23,748,600 604,107,943
246,995,600* 23,812,900 657,095,260
253,731,900 21,635,900 787,728,198
257,483.700 21,662,900 743,125,031
250,675,900 21,529,900 772,270,895
264,404,200 21,683,200 720,978,130
267,128,100 21,599,600 683.453,357
271,601,000 21,282,200 795,314.114
271,012,800 21,174,000 725,419,855
271,483,400 21,002,100 895,014,025
270,381.000 20,967.100 827,801,840
264,538,200 20,975,800 748,481,804
260,340,500 20,995,200 644,453.967
259,306,800 20,981,600 771,010,670
7s, IBya*
do
7s, coup, off, ’93
Phil.&R.Coal&lron deb.7s.92
Syra.Gen.* CornV,lsr,i6,lai)5
122
105
Catawlssa—
do
pref........
1G0
Texas & Fac. 1st m ,6s, g.,1905
do
cons. m.,6e,g.,1905
do
inc.&l. gr ,7s 1915
Union & Titusv. 1st m. 7s, ’90.
United N. J. cons. m. 6s, ’94..
Warren & F. 1st m.7s, ’96
West Chester cons. 7s, ’91
West Jersey 6s, deb., coup.,’8S
1st m. 6s, cp.,’96.
do
do
1st m. 7s,’99
con?. 6s, 1909
do
Western Penn. RR. 6p,cp.l899
do
6s P.B.,’96.
•••
pref..
Lancaster.
Huntingdon* Broad Top...
do
do pref.
Lehigh Valley...
46k
,
13k
El”
6s, 1900, Q — J
6s. 1902, J. & J
5?, 19.6, new
Norfolk water, 8s
RAILROAD STOCKS.
Balt.* Ohio
%
do
do
34
PittsburgTitusv.* Buff..... 'l&k
(jo
prer. 31k
St. Paul & Duluth R.R. Com
05
pref.
United N. J. Companies......
West Chester consol, pref....
STOCKS.
20
37
Navigation
..
pref...
do
15k
RAILROAD BONDS.
do
do
Vai.,7 3-lOs, 1896...
is, E. ext., 1910
inc.7s, end.,’94.
Dela. 1st ra.,6s,1902.
2d m.6s.'do..
3dm. 68,’37..
Camden AAmboy 6s,coup,’83
Belvidere
6s, coup., ’89
mort. 6s, ’89
Cam. & Atl. 1st m. 7s. g.,1*93
2d m. cur. 7s, le79..
do
do
do
Cam. *
81
110
114
110
105
IT
118
120
120
120
115
115
Par.
100
100
120
110
101k 101*
105k 107
105
'110
114$Lli5
108
112
6s, 1900. A.AO. urn lie
6s, gld, 1900, J.&J. 109% no
108
no
Cen. Ohio 6s, 1st m.,’90,M.& S. 113
120
W. Md. 6s, 1st m., gr.,’90,J .& J
108
120
do
1st m., 1890, J. & J...
15k
do
do
118
do
2dm.,guar.,J.&J.... li3
100
do
2d m., pref............
108
do 2d m.,gr. by W.Co.J&J
113
do 6s, 3dm., guar., J.&J.
Mar. & Cin. 7s, ’92, F. & A.... 109%
83k
do
2d, M. & N .
49k
do
8s, 3d, J.&J
110
Union RR. 1st, guar., J. & J..
108
do
Canton endorsed.
35
111
104
107
80
75
ii2k 114
RAILROAD BONDS.
Balt. & Ohio 6s, 1880, J.&J....
do
6s, 1885, A.&O. ..
N. W. Va. 3d m.,guar.,’85,J&J
Pittsh.* Conneirsv.7s,’98,J*J
Northern Central 6s.’85, J AJ
»7k
uo
do
80k
102k
Central Ohio
Pittsburg & Connellsvllle..50
Susquehanna
Allegheny
*
*80*
istprtf
2d pref
do
08
do
Wash. Branch. 100
160k
do
Parkersb’g Br..50
Northern Central
50
Western Maryland
50
Morns
do
pref
Pennsylvania...
Schuylkill
Navigation,...
J
106
co
48
Chesapeake & Delaware
Delaware Division
Lehigh
104
103
6s,exempt,’9S.M.&S,
do
do
52k
17k
Pennsylvania.
Philadelphia * Erie
Tnlladelphia & Reading
do
112*
BALTIMORE.
108
Maryland 6s, defense, J.& J.. ill
do
6s, exempt, 1887.... 108
do
6s, 1890, quarterly.. 100
do
5s, quarterly
105
Baltimore 6s, 1SS4, quart.....
108
do
6s, 1886, J.* J.• •..... 113k
do
6s, 1890. quarterly... 1,12
do
6b, park, 1890, Q.—M. 115
do
6s, 1893, M. & 8
115
55
Nesquehouing Valley
Norristown.^.
....
do
101k 101k
114
114k
2d m. 6s, reg., 1907
6s, boat*car,rg.,13l8
7s, boat*car.rg.,i9i£
Susquehanna 6s, coup.. ;9i8 .*
50k
•• • •
^
90
do
do
do
52
do
Pennsylvania
10«k
98
Pennsylvania 6s, coup., 1910..
Mt. Joy A
“
North
100
Schuylk. Nav.lst rn.6s.rg.,’97.
Elmira A W Illiamsport.......
Little Schuylkill
Mineh ill ..... .•• •
68
do
mort. RR., rg ,’9".
do m. coav. g., reg.,*94
do mort. gold,’97.... 10*0
do cons. m.7s, rg.,1911 103k 104
Morris, boat loan, reg., 1885..
107*
33
do
new pref
Delaware A Bound Brook....
East Pennsylvania.
do
Har. P.
65
Chesap. & Dela. 1st 6s, rg.^86
Delaware Division 6s, cp.,^8.
Lehigh Navlga. m., 6s, reg.,’84 106k
106
pref
do
do
86
CANAL BOND8.
6s, coupon
Harrisburg City 6s, coupon..
85k
deb. 7s. cps.ofl 5*4
do
64k
do mort., 7s, 1892-3
111
Phila. Wilm. & Balt. 6s, ’84.... 110k
Pltts.Cln.&St. L. 7s, cou., 1900 115
115k
do
do
7s, reg., 19'H
Shamokin V.& Pottsv. 7s, 1901
108
Bteubenv. & Ind. 1st, 6s, 1884.
103)
Stony Creek 1st m. 7s 1907.... 102
Sunb. Haz. & W.,lst m..5s.’23,
Sunbury & Erie 1st m. 7s, ’97 .
...
7s, reg. & coup
6s, coupon..
.
ao conv.
7s, w’t’r ln,rg. *co.
do 7s, 3tr.imp., reg., 33-86.
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6s, coup
Camden City
6s, 1903
..
imp. m. 6s g., 1837...
o gen. m.
do
County 5s,coup...
Allegheny City 7s, reg..
Pittsburg 48,coup., 1913.....
do
5s, reg. & cp., 1913.
44
“
ink
r
Allegheny
CANAL
Deposits. Circulation. Agg. Cl ear
114
do 6s,n.,rg., prior to 9p
121
do 6s,n.,rg.,1895* over
do 4a, various
We6t Jersey
weeks past:
*
189*5-1902
68,10-15, reg.,H7i-’82. l°lk
107
6s, 15-25. reg., 1882-’92
6s, In. Plane, reg.,18i9
Philadelphia, 5s reg
do
6s, old, reg...j-
railroad stocks, t
Camden & Atlantic—
1.101,660
532.900
15.637.600
5s, new, reg.,
450,000
4.600
1,474.000
2.863,000
65.400
5s, g’d, tnt.,reg. or cp.
5b, cur.,reg ....
5s, reg., 1-8 -1392. ....
do
19.738.600
851,700
CITY BONDS.
STATE AND
Penna.
do
do
do
do
do
do
Delaware
104.009'
427.900
363.400
1.312.100
25,000
210.000
28.000
108.000
PHILADELPHIA.
3.900
4.650.800
600.300
*05
448.200
450,000
268.800
78
Worcester* Nashua
89
do
86k
Bcrip, 1882
do
In. m.7s, cp,1896
do cons. m. 7b, cp.,191!.. 1*18
do cons. m. 7s, rg.,1911.. 118
do con8.m.fi8.gJ.l911. . 107
5ik
111k
...
Old Colony
Portland Saco & Portsmouth 1G0
116
117
Pullana i Palace Car..
Pueblo & Ark"usas
30
Rutland, preferred.
Vermont* Massachusetts..
1.910.500
45.000
51
...
800,000
437,000
Phil.* Bead, dcben., cp./S3f
do
'
do
cps. oil.
113k
pref..
7.236.500
2,679,790
11,650.000
1.673.300
2.904.700
245,309
1,305,300
1.453.700
1.225.200
2.150.400
3.269.100
The deviations from
1879.
1.100
6,085.701
2,538,00(i
6,401,409
1.836.700
1.216.500
I2,6e7,800
2.761.700
2.156.900
60.473,200 290,639,500 53,669.300 10.847,500 259,306,800 20,081,600
Total
.
6.006,700
3,277.000
2,065.400
5.439.700
1,290,100
250,000
N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
77,000
142,000
50.400
211.200
114.500
2.559.400
Bowery National
3.565.709
•225,100
2.909.30U
500,000
1,000,000
300,000
100.300
249,700
7.585.400
12,220.000
1.759.000
2.304,000
750,000
400
562,700
44,500
274.500
202.900
175,000
495,000
9,030,000
6.133.500
1.386.100
454.900
2.914.0(H)
96.100
*
4.446.500
694.600
714.200
352.100
739.900
713.300
*
126.000
183.500
386.000
5,401,000
3,b24,50(i
2.228.400
5.650.400
3.506.400
1.408.500
2.424,100'
500,000
500,000
500,000
1,000,000
1,000,000
300,000
400,000
2,000,000
500,000
240,000
250,000
3,200,000
2,000,000
300,000
*
225,000'
L.
Bid. Ask.
SECURITIES.
Northern of New Hampshire
136
Norwich & Worcester
30k
Ggdenst). &
Champlain
do
Etc.-Continued.
Bid. Ask.
SECURITIES.
Manchester & Lawrence....
Nashua A Lowell
New York & New England...
Average amount of
Bonks.
PttllilOBtPflHL
BOSTON,
shows
1880:
VOL. XXX,
•v*
114
Burlington Co. 6s,’97.
CINCINNATI.
Catawlssa 1st,7s, conv.,’32...
do
chat, m., IPs,’88
120
102
112
120
110
£?k
50
Cincinnati 6s, long
+, 107
-t+ 1110
do
7s
44
113
do
new 7s 1900
do
7*30s
t 117%
“
110
107
do
South. RR. 7*30s.t 118
ioa
31....283.194.500 50.312,800
106k 107
do
do
6s, gold.t 107
Feb.
Delaware mort., 6s, various..
7....290,381,600 52,994,600
Hamilton Co., O., 6s. long., .t
117
116
104
Del. * Bound Br., 1st, 7s. 1905
14....290,445,200 54,746,500
do
7s, lto 5 yrs..t
“
East Penn. 1st mort. 7b,’88
21....290,091,200 59,387,200
do
7 & 7*308, long.t no
ic8
130
28....293,545.600 57,413.300
E1.& W’msport, 1st m., 7s, ’bO.
Cln.& Cov. Bridge st’k, pref.
82k
do
5s,perp.
.
Mar. 6....297.135,500 53,055,000
o*.
Cin. Ham. & D. 1st m. 7s, ’80 + 100k
Harrisburg lstmor*. 6s, ’83...L...
13....297,256,900 57,927,900
do
2dm. 7b, ’851 103
"
20... .294,407,400 55,440,100
100
H: & B. T. 1st m. 78, gold, ’90. 115k
Cin. Ham. & Ind., 7s, guar, .t
44
.105
do
letm.
7s,
fd.
g.
t9
27....290,866,700 54,773.800
105%
Cin. & Indiana 1st m. 7s.;i...t
do
2d m. 7s, gold, 9o. 109
April 3 ...290,039,500 53,669.300
do
2dm. 7s, ’17. .+ 101k 102
66
70k
g.,7s
do
2d
m.
f
'.scrip
+106
Non.—With December 27 the Grocers’ Bank disappeared from the list.
Colum. * Xenia, 1st hl 7s/90
ioa
do
3dm.con8.7s,’95*.
Dayton & Mich. 1st m. 7s, ’81+ 101 k
Ithaca* Athens 1st g d, 7s.,’80
do
2dm.7s,’84.t 103
i05*k
junction l6t mort. 6s, ’82
3d m. 7s, ’88+ 10*2
do
do
2d mort.6s,1900 ...
Dayton * West, lstm., *«»---+
Lehigh Valley, 1st,6s, cp.. 1898
do
lot m., 1906.f
do reg., 1893...
Bid. Ask
do
Bid. Ask.
SECURITIES.
SXOUB1TIBB.
do
lstm. 6s, 1905 +101
do 21 m. 7s, reg., 1910..
100
Ind. Cin. & Laf. iBtm.7s....+
do
con. m., 6s,rg.,1923 uik
105
Old Colony, 7s
ll^k
do
in
(I.&C.)
lstm.7s,’88+
do
do
102
6s,rp.,19<:8
Old Colony, 0s
109%
BOSTON.
Little Miami 6s,’63
+
Omaha & S. Western, 8s
Little Schuylkill, 1st m.7s.V2
74k 75
Atch. * Tcpcka 1st m.7s
110k
108
108k Cin. Ham. & Dayton stock... 125
Pueblo
*
Ark.
110k
Valley,
<s
North.
Penn.
8s,
cp.,’85.
1st
m.
do
land grant 7s 114
*
stock
118
Columbus
Xenia
117
96
95
do
2dm.7s,cp..’96.
65
£4
Rutland 6s,ist mort
2d 7s
do
i 10
Dayton & Michigan stock.... 120
Vermont.« Canada, new 8s..
do gen. m. 7s, cp., 1903.
do
land Inc. 8s..
do
8. p.c. st’k, guar
116
do
Vermont A Mass. UR., 6s
gen. m. 7s, reg., I9(r?
1*0X i2*c*k
Boston * Maine 78
i«o
Little Miami stock
991
Oil Creek lBt m. 7s, coup.,’84.
STOCKS.
Roston <s Albany 7s
122
36
80k
pittsh.
Titusv.*
B..7s,cp.,
96
Atchison
A
136k
do
Topeka ...
6s
*.12
LOUISVILLE.
do
Scrip
105
At-hl-o i & Nebraska
Boston * Lowell 7s
Louisville 7s
+
Pa.&N.Y.O.& RK.7s,)896 ....
105
Boston & Albany
145%
do
6s
105
do
124
6s,’82 to ’87
+
do
1906
....
105
iBoston ALowel;
9*k
Boston A Providence 7s
122
do
6s, ’97 to ’9$
+
102k 103
130
106
Pennsylv., 1st m., 6s, cp., ’8u. 110 *
Burl. * Mo., land grant 7s.... 114k ii*4% IBoston* Maine
iir8>*
do
water 6s,’87 to ’89.+
)36
135
gen.
m.
6s,
cp.,
1910.
105
do
Nebr. 6s Ex
108k iosk ‘Boston & Providence
do
water stock 6s,’97.+
115
do
144
• sen. in. 6s, rg.,1910.
106
do
Nebr. 6s
L02
Burlington* Mo.In Neb... .
do‘
wharf 6s
+
112
55
do
cons. m. 6?, rg., 1905.
105
Cheshire preferred.
Conn. * Passumpslc, If, 1897.
ii*6
do
114
tax
6s
of
spec’l
’89.+
72L,'
72
do
cons. m. 6s. cp., 1905.
108
Chic. Clinton Dub. A Min
Eastern,Mass.,4hs,new.
91% 92
Louisville water 6s, Co. 1907 +
do
Navy Y ard 6s, rg.’til
101
!Cin. Sandusky & Clev
12X 13k
Fitchburg RR., «b
103
Jeff. M.&I.lstm. (1*M) 7b,’8l +
io*5k
Penn.
,6s.
reg
Co
109
do
7s
Concord
do
90
2dm.,
78
1
Ferklomen 1st m. 6s,coup.,’9<
Fort Scott * Gulf 7s
106%; 10 7% Connecticut River
115%
101*
Phila. * Erie I8tm.6s,cp.,’8'.
Hartford * Erie 7 s
55ki 55% Conn. & Passumpslc
Loulsv. C.& Lex. 1st m.7s.’97+ 115k n5k
do
2d m 7«fcp.,’8b 112
Ban. City Top. * V»is, 1st
Eastern (Mass.)
80)* 3?
; 115
Louis.* Fr’k.,LQUlsv.ln,6s,’8:
Phi a. Newt’fi &N.Y.. latm.
do
do
Eastern (New Hampshire)...
7s, Inc..
102
Loulsv. * Nashville—
Phila. * Read. 1st m. 6s, ’43-’44
105
K. City Lawrence & So. 4a... !!.**
..
>6k Fitchburg
Leb. Br. 6s, ’86
+ 104k 105
do
do
M8-.49.
Scott*
Fort
Gulf, prtfei re-i
Kaa.Uty. St. Jo.&C. B.ls. . 108k1....
1st m. Leb. Br. ExM7s,’80>85.+ 104
118
2d m., 7s, cp.,9 .
51
do
to
105
Kan.< l'j* St. Jo. & C. B.. In. e2k 84k
do
common.
Lou. In.
do
6s, *93.-.+ 104
105
little K’k * Ft. Smith,78,let 100k 101
K. C. Law.* Southern
Jefferson Mad. * Ind. stock. 103
•
In
default,
$
Per
share.
K. C. St. Jo. a Council 8 luffs '69k
Kew York & New Eng. is.... 111
■r
» nrt » i ■
55
§ Cou. to Jan., ’77. funded.
C^p'rtprmhnrfir A Lair* Ch.8*
Little Bock* Fort Smith
Jan.
“
“
48,282,100
10....276,116,100 51,473,500
17....270,990,900 53,558,600
24....280,068,600 5I,&32,200
44
44
44
12,723,500
14,097,800
15,914,200
17.143.500
18,586,000
16,437,900
10,680.000
15,505,500
14,168,000
12,130,400
11,052,400
11,555.100
11,272,500
10,847,500
aCrWS.lS7%:.i96i
(DOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES
,
....
....
*
_
•
••
.
.
...
....
jlll
.
1880.]
10,
April
379
CHRONICLE
THE
' •
whatever the par may he
'
STOCKS AND BONDS IN NEW YORK. .
W, S. Bonds and active Railroad Stocks are quoted on a previous page. Prices represent the per cent value,
QUOTATIONS OF
•
*
BONES.
STATE
B, 5s
C, 2 to 5
62%
93**
Arkansas—6s, funded
12%
Scott iss.
Roek RR .
N. O. RR.
R. RR...
Central RR.
4%
Connecticut—6s.
Georgia—6s
6s,
6s,
6s,
6s,
...
109%
109%
11*3
1879...
War loan
1886
due
...
1889 or ’90
...
(Active
previously
quoted.)
105
Susquehanna
A N. Y. Air L., pref.
Burl. Cedar Rapids A No...
A
§47
75
71%
§20
Minnesota...
pref
Cedar Falls A
Chicago A Alton,
Clev. A Pittsburg, guar—
Dubuque & Sioux City......
110*4
Harlem
Ind Bloom.
A Western
Long
1st con. 7s
Del. Lack. A
2d m.....
118%
118
Ogd...
pref.
Watertown A
Paul A Duluth
St.
do
do
Stonington
Indianapolis
Peoria A Warsaw..
United N. J.
158
RR. A Canal..
St’ks.
Miscellaneous
112%
57%
Express
American Express
United States Express
Adams
Wells, Fargo &
American Coal
Co
Land Company....
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
Central Arizona Mining...
Central N. J.Land Imp....
Climax Mining
Boston
Colorado Coal
Excelsior Mining.
Gold A 8tock Telegraph..
•
Co,
§
8%
2%
894
3
4
§50*'
:.*:.*
168%
::::
T
Prices.
m.
3d mort
uuoowpiiw V>
*
— —- -
int. def.
deferred
Chicago & Alton—1st mort
6s, gold, series B,
6s, currency, int.
Income
Sinking fund
Joliet A Chicago, 1st m..
Louis’a & Mo., 1st m., guar
2d 7s,
do
8t. L. Jack.
1900.
& Chic., 1st m.
_
108
7s
5e, sinking fund
Chic. Rk. I.A P.—6s,
cp.,1917
5s, 1917, registered
Keok.A Des M., 1st, g., 5s.
Central of N. J.—1st m., ’90.
1st
69
.
.
no
ivT
*116
104
....
new
assented
Adjustment, 1903
Lehigh A W. B., con., g’d..
do
assent’d
do
do
A Impr.
bonds,
assented
107*%
107%
•
•
96%
109
108% 109%
126%. 128
....
.
Prices
nomina1*
.
107*'
110% lii*’
98% io*o"
Ao"
105
114
73
60
99
101
107
105%
bonds.
.
125%
1st g.7s,’97
98
100
109
100%
121
99
100%
Ytest. Un.
.
* No price to-day;
.
Gt.N.—Ist,7s,g.l900
Kansas A
2d mort
90"
....
68"
67*
11394
102% 103
113
107%
80
92
40
104
106
101
112
103
93
110
105%
45
106
102%
105
95
101% 301%
110%
93%
*93
105
100
95
104
.
A Nav.—1st, 6s..
BONDS.
J.—1908
Chic.St.L.AN.O.—2d m.
1907| 75
Pac—South Branch
Cent. Iowa coup,
|
93
86
78
68,1977
liojJ N.Y.LakeE.AW.Inc.1920....
Ohio
Onritml—Inf*..
*
53
these are latest quotations made this week,,
54
*
t
t
70
L05
LOO
Securities.
(Brokers' Quotations.)
STATES.
Carolina.—New 4s
?exas—6s, 1892
7s, gold, 1892-1910
7s, gold, 1904
M.AS.
J.A J.
J.A J.
72
95
+ 103
+ 111
74
98105
“8
113
..
Past-due Coupons.—
Stock
38% 39%
58
.
50
44 66
64%
70% 74* *
Le'n. A Wilkes B.Coal—1888
63
Lake Erie A W’n-Inc.7s,’99
61-% 67
Laf. Bl.A Mun—Inc. 7.1899
63 73%
MobileA O.—let pref. deben
73% 49
2d pref. debentures
43
do
32% 89
3d
4th
do
32 70
Col.Chic.AInd.C.,inc.7s,1890
125% 126%
125%« 126
110 110%.
90%
100%
92%
„
98
95
A
116%
116%
tt
10s
ctfs.var
tlantic A Gulf—Consol
I
90
60
26
100
99
la. AChat.—Rec’rs
95
4*
28%
85
Virginia coupons
do
consol, coupons...
RAILROADS,
....1
65
25
7
no
100
....
65**
66
20
5
4%
131
....
109%
63
93
27
84
85
55
24
South Side (L. I.)—1st mort
South Minn.—1st m..7s, ’88.
1st mortgage, 7s (pink)....
Extension
Tol. Can. S.A Det.—1st. 7s, g
Union A JjOgansport—7s
Southern
42
80
50
75
Nebraska—lstm,
N. J. Midland—1st, 7s, gold
2d mort
New Jersey So—1st, 6s. new
St. Joseph A Pacific—lstm.
2d mortgage....
St. Jo. A Western stock
U.
no
90
25
94
105
Convertible bonds
88“
....
105
85
2d mortgage, guar
....
•
100
75
108
* Long Island—1st mortgage
N.Y.AGreenw. L.—1st,7s, n.
2d
do
N.Y. A Oswego Mid.—Stock
....
•
108% 110%
7s, g.,’94
St.L.VandaliaA T.H.-lstm
consol...
Central of N.
65
112
109
300% 101
113
90%
126
126%
N. Y. Elevated—1st, 7s, 1906 110
N. Wisconsin—1st. 6s
100
-7s.
gr’t
•
96
90
103
100
87
24
89
St.L.A S.E.—Cons.,
Tel—1900, coup.
INCOME
102%
64*%
Canada South., 1st, int. g.
Harlem, 1st m., 7s, coup..
1st m., 7s, reg—
do
*
83
:
i06%
Stock
Hous. A
•
100
104
90
100
Galv. Hous. A H.—7s, gld,’71
Gr’nd R. Alnd.—lst,7s,l.g.gu
1st, 7s. Id. gr., not guar...
Gr’nd R.A I.—1st, ex l.gr.,7s
95
100
Spring.Y’yW. Works—1st 6s
Oregon R.
6s, real estate
6s, subscription
N. Y. C. A Hud., 1st m., cp.
1st m., reg.
do
Huds. R., 7s, 2d m., s.f.,’85
*
'
81%
r900, registered
122
107
102
“ml
85
AVU
lii*’
111%
Consolidated 8s.
31*2
1st mort...
7s.
Mortg.7s of ’79
109'li ent. Georgia—Cons, m., 7si
T.AWab., 1st ext.Ts
10*594! 106%p Stock
1st St. L. div.7s,ex mat.cp
Charl’te Col.A A.- -Cons., 7s
104*. 105
2d mortgage ext., ex coupl
43
2d mortgage, 7s
Equipment bonds, 7s, 1883] 100 100%
East Tenn. A Georgia—6s
UU/JJ
Consol, conv., 7s
E.Tenn.A
Va.—6s,end.Tenn
108%! 108%
Gt. Western, ist m., ex cp
104%I1C4$* E. Tenn. Va. A Ga.—1st, 7s.
do 2d m.,7s,’93,ex cp
Stock
105% 1108
Q. A Tol., 1st, 78, *90,ex cp.
"103% Georgia RR.—7s
Ill. A So. la., 1st m.7s,ex cp
6s
Hannibal A Naples, 1st 7s.
107
Stock
St.L. K.C-A N.R. E.A R.,7s! 105
110
Greenville A Col.—7s, lstjn.
Omaha Div., 1st mort., 7s
96%
7s, guar
Clarinda b.,6s, 1919
---- 106
Macon A Aug.—2d, endors
St.Chas.B’dge,lst, 7s, 1908 304% 11«% Memphis A Cha’ston—1st,7s
North Missouri. 1st m., 7s H6% 117
2d. 7s
321%
119%
118%
117% 119
115%
105%
116
-
8*i*
Cairo A Fulton, 1st mort.
Cairo Ark. A T., 1st mort.
St. L. Alton A T. H.—1st m.
2d mortgage, pref
do
income
Spr.—1st, C»C.C.AI.,7s ti05%
108
Indianapolis A St.L.—1st, 7s
Indianap.A Vine.—lst,7s, gr
International (Tex.)—ist, 6s
* Int.H. A Gt. No.—Conv., 8s.
119*
119
debt certs.
105% i06%y Ind’sBI. A W’n-Inc., 1919..
N. Y. Central—6s, 1883...... 108%
ind’s Dec. A Sp’d, 2d Inc...
6s, 1887
Int. A Gt. Northern—2d Inc
104%
t And accrued interest.
66
130
m..
102
95
105
100% 102
107% lit)
100
96
1st m., g’d L. S. A M. S.,
Denver Pac.—1st,7s,Id. gr.,g
Erie A Pittsburg—1st m., 7s
Con. mortgage, 7s
74%
m
.
117
60
32
68
98
85
104
M’polis—lst,6s
7s, equipment
Crawf ordsv.
98% Evansv. A
Flint
A Pere M.—8b*I’d
95
66
St/L.AIron Mount’n—1st m
110
*....
Cin.A
105
60
Landgrant Income, 6s
Chic.A Southwest.—7s, guar
Cin. Lafayette A Ch.—1st m
95**
ass.
lstpref. inc, for
Chic. St.P.A
118
m
suppl.
Wabash RR.-
115%
8i%
Stock
76
*60
*.... 103
103
Inc. mort.. coup., 7s, 1896.
Deb. mort., coup., 6s, 1893
Deb. mort., conv., 7s, 1893
Rome Wat. A Og.—Con. 1st.
113
•
•
11*5%
92
2d 7s, 1898
2d gtd.7s, ’98
2d mortgage
Arkansas Br.,
•
58%
100
106
115
58
Bost. A N. Y. Air-L—1st m.
Cent, of la.—1st m., 7s, gold
2d
....
*..“
Belleville A So. Ill., 1st m.
74** St. P.A Sioux C.—1st 6s.1919
62
St. P. M- A Manit’a—1st, 7s.
2d mort., 6s, 1969
100
101% Tol.Peo. AW.—
Pur. Com. rec’pts, lst,E.D
1st mortgage, W. D
111
111%
Burlington Div*.
108% 109%
1st pref. inc. for 2d mort.
106%
T.-^Cons.ass..i904-6
10*8
do
do
RAILROADS.
Atch.AP.P’k—6s,gld, ex cp.
....
•
5/%
90
bl
Miscellaneous List.
(Brokers' Quotations.)
107% 308%
95%
94
106% 10694
109% 110%
Tr’t Co.ctfs.ass.
do
do
107'
6s 1909...
Mo.K.A
2d mortgage, inc., 1911 —
H. A Cent. Mo., 1st., 1896.
Mobile A Ohio—New m., 6s.
Nash. Chat. A St. L.—1st 7s.
•
80
92
97
117
116
2d con...
St.L. Va.AT.H.,
Equipment bonds
Chlc.Mil.A St.P.—lst,8s,P.D 114
2d mort., 7 3-10, P. D
114
112
1st m., 7s, $ gold, R. D
132% 113%
1st m., La C. Div
*112
ist m., I. & M
i st m., I. & D
1st m., H. & D
114% 115%
1st m., C. AM..:
111
Con. sinking fund
*102
*
2d mortgage
*.... Ill
1st m., 7s, I. A D. Ext.
♦
109%
106%
Metropolit’n Elev—1st,1908
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
96
116% 117
94
•
Convertible
85% 86%
106% 106%
Cecilian Branch, 7s
no"
Nashv. A Decatur, 1st, 7s.
120% L. Erie A West.—1st 6s, 1919
Laf. Bl. A Mun.—1st 6s. 1919
127 % Marietta A Cin.—1st mort..
1st mort., sterling
105**
assented. i<m
Am. Dock
117
1st.,
consolidated
do
E, 1st m.,
cons, coup., 1st
do
cons, reg.,
do
do
cons. coup.. 2d.
do
cons, reg., 2d ..
Louisv. A Nash.—Cons.m.,7s
2d mort., 7s, gold
*11*6“
.
do
do 1st
do
do 2d
92
Peoria Dec A E’ville—lncs.
116% St.L.I.M.AS.—1st 7s,prf .int
2d int., 6s, accum’lative ..
115
115
114
106% Phil. A ReadCons. coup. 6s
.1
105%
102
Registered 6«, 1911.,..
112
Coupon 7s, 19il
118
117
Registered 7s, 1911....
Improvem’t, coup., 6s, ’99
115%
125
122
General, coup., 6s, 1908...
do
do
7s, 1908...
91&
Det.Mon.AT., 1st, 7s.’1906
Lake Shore Div. bonds...
4394
....
Miss.Riv.Bridge,lst,s.f,6s 109*’
Chic. Bur. A Q.—8 p.c., 1st m *120
Consol, mort.,
1919..
1883
3d
m
7%
Columbia—3‘65s, 1924.
Registered
Cleve.A Pitts., consol., s.f. *109
do
4th mort...
81
Col. Chic. A I.C., 1st con..
108%
22
....
gr’t, reg
Pennsylvania RR—
108%
Pitts.Ft.W.A Chic., 1st m.
2d m.
do
do
do
52%
series
97%
Chic.A Can. So.—1st m.,g.,7s
112% 112% Chic. A E. Ill.—S.F.c’y,1907
110%
Income bonds
Consol. 6s, 1905
Income and land
123%
Cleve. P’ville A Ash., 7s
Buffalo A Erie, new bds...
Buffalo A State Line, 7s..
Kal’zoo A W. Pigeon, 1st.
96
68%
43%
*117%
„
104
2d,con.,f.cp.,5s,6s
do
94
2d mortgage
Income, 7s
1st m., Carondelet Br...
St.L. A S.F., 2d 6s.class A.
3-6s, class C.
do
3-6s. class B.
do lst6s,Peirce,CAO
111%[
110%
South Pac. cf Mo.—1st m,
Texas A Pac.—1st, 6s, 1905..
*107
,
30994
*106
1st consol. 6s
Pacific RR. of Mo.—ist m.
116
l.,7s
15
do
6s ass. cp.ctf...
do
..
Small
—
Han. A St. Jos.—8s, conv...
Hous. A Tex. C.—1st, m.
1st mort., West. Div., 7s..
1st mort., Waco A N., 7s«
2d C., Main line, 8s.
2d Waco AN., 8s...
Inc. and ind’y, 7s...
117**
withcp.ctfs
31
....
105*4
do
112% 113
113%,
D. of
...
106
—
63% Ill.Cent.—Dub. ASioux C.lst
§5
Dub. A Sioux C., 2d div..
30
29
Cedar F. A Minn., 1st m.
Ind. Bl’m A W.—1st, pref. 7s
1st mort., 7s, 1900
2d mort., 1909
:Ind’s Decatur A Sp’d 1st 7s
107
Int. A Gt. North. 1st 6s,gld.
55% 56
Lake Shore—
*50
Mich S. A N. Ind., s. f., 7s.
91*% 91%
Cleve. A Tol., sink. fund..
Railroad Bonds.
Bost. H. & Erie—1st
1st mort., guar
do
....
105%
102%
do
—
109
7s, 1917
2d mort
||
116
105%
1916
N.Y.L.E.AW.,n.2d,eon.,68
do 1st, con., f, cp.,7s
294
5
60
..
111
7s, 1880 —
7s. 1888 —
1st cons, gold 7s, 1920
Long Dock bonds ..
•
115
Quicksilver.
pref
do
Silver Cliff Mining.._.
*127
Susqueh., 1st m
4th mortgage,
5th mortgage,
36"
•
...
114
*s. 1917
Buff. N.Y.A
Palace Car
Stock Exchange
•
....
116
Erie—
1st mort., extended
2d mortg., ext’n 5s,
3d mortgage, 7s,
20
35*
div., coup.,
reg.,
■
io9%; no
1st con., guar 130
Rens. A Saratoga, 1st,coup 130
do
1st, reg. 104%
(104%
Denv. A U. Grande—1st,1900
40
36
65
§20
19
.
*117
Coup., 7s,’94
Reg. 7b, ’94.
do
do
do
3
7
40
•
Mining
Leadville Mining
Little Pittsburg Mining .
Mariposa L’d & MiningCc
do
do pre
Maryland Coal
Montauk Gas Coal
Pullman
12*
•I**'*
.
Den. Div.
2d mort
bonds, 1900 *103
do
Albany A
S2*
•
Homestake Mining
Pennsylvania Coal
107'
54%
2%
6%
La Plata
Railway & Nav.
do
do
1st Pa.
514%
& Iron
Cumberland Coal & Iron..
Deadwood Mining...
Oregon
58%
§48
106%
35
lstm., 6s,’95,
lstm.. 6s,’96,
101% 102%
construct’n
7s of 1871
1st con., g’d.
Del. A Hud.Canal—
1st mortgage, ’84
1st mortgage, 1891
do
extended.
Terre Haute &
Texas A Pacific
Toledo
Kansas Pac.—
6s, consol., 2d
6s, deferred
l.l
23
22
22
75
6s, consol, bonds
6s, ex matured coupon....
104
103% 105
Sinking fund
Registered, 8s
Collateral Trust, 6s
...
•
-
#
112% 11294
Pacific—1st mort..
Land grants, 7s
118
*108%
34
•
6si new series
Virgina—6s, old
6s", new, 1866
20
20
5
*
66%
Cal.—1st m.
South. Pac. of
|104%
Union
West.—
do
do
do
do
do
130 "
•
5%
•••*
f* "
116
bonds..
Western Pacific
—
,
104
convertible
Mortgage 7s. 1907
8yr. Bit gh. h N. Y., 1st, 7s
Morris A Essex, 1st m
566
.
•
23, 1869.)
Non-fundable
Tennessee—6s, old
6s, new, 1867
114
Land grant bonds
....
7s,
do
do
spec’l. 5119%
Rensselaer A Saratoga
§25
.
A
■
consolidated
Pacific—Gold bds
San Joaquin Branch....
Cal. A Oregon, 1st
State Aid bonds
* —|117%
114
AND BONDS.
Miss.—Consol, s. f’d
Central
110
,110%
116%! ...
...
526%
Peoria Decatur & Evansv..
Pitts. Ft. W. A Chic., guar,
Rome
121
St. P., 1st m.
110
113%
do
2dm...
119% 120%
C.
s
C.
C. A Ind’s—1st, 7s,
....115
Consol, mortgage
*108%
C. St.L.A N. O.- Ten. lien 7s
111%
160"
159%
& Hartf.
West.,pref.
,
•
3
3
3
102
108
1st m., Springfield div ..
llOhio Cent., 1st m., 6s, 1920.
.Peoria Dec. A E’ville, 1st 6s
22% Pacific Railroads—
*107%
Iowa Midland, 1st m., tfe.
Galena A Chicago, exten
95
93
115%
....
Sinking fund
§95
N. Y. Elevated
N. Y. New Haven
N. Y. Ontario &
„
„
,,
Winona A
Island
-
„
#
#
Rhode Island—6s,coup.’93-9
South Carolina—
6s, new
'
Ill
Peninsula-, 1st m., conv.
Chic. A Mil., 1st
Loulsv. N. Alb. A Chicago..
Metropolitan Elevated
f
f
Consolidated
mortgage
Coupon gold bonds
Intern’l & Gt. Northern
Keokuk A Des Moines
do
do
pref.
-
2d
1st
§35
off, A. A O.
Bid.
6s, Act Mar.
30
30
28
28
110
110
90
90
10
30
17
17
1866
101
Extension bonds
177
coup,
*85
Registered gold bonds.
Frankfort A Kokomo
do
Ohio A
Consol, bonds
127
112
126
A.A O
coup, off, J. A J.
MISCELLANEOUS STOCKS
Chic. M.ASt.P.—Continued
3.-west div., 1st 6s, 1909.
1st 5s, LaC. & Dav., 1910
Chic. A Northw.— •
Sink, f’d
Int. bonds
Railroad Stocks.
Albany
Boston
117
AND
RAILROAD
„
....
1808
New bonds, J. & J
A.AO
do
Chatham RR
Special tax, class 1
do
class 2
do
class 3
Ohio—6s, 1881
6s, 1886
1886..
1887..
10*7*'
reg.,’87 107
1887
106
.
do
....
York—6s, gold,
6s, gold, coup.,
6s, loan, 1883
6s, do 1891
•
•
do
no%
.
do
do
Funding act,
,
109
Uuiv., due ’92.
do
New
*
106%
1069-4 107
107%
108*%
due 1887
due 1888
'
....
100
100
....
Funding, 1894-95
Hannibal A St. Jo.,
110
Illinois—6s,coupon,
due
Asylum or
105 *
100
....
102*'
Missouri—6s, due 1882 or ’83 106
...
4
4
4
48
York—6s, loan, 1892
6s, loan, 1893
North Carolina—6s, old.JAJ
6s, old, A.& O
No. Car. RR., J. & J
51
50%
consolidated
Michigan—6s, 1883
7s, 1890.
,
•
•
4
7s, L. Rock A Ft.
7s, Memp. & L.
7s, L. RP.B.&
7s, Miss. O. A R.
7s, Arkansas
7s, new
7s, endorsed
7s, gold
•
•
New
100
7s. small
74
70
...
Kentucky—6s
Louisiana—7s,
62
60
Alabama—Class A, 2 to 5 ...
Class A, 2 to 5, small
Class
Class
Ask.
Bid.
SECURITIES.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
—
Mississippi Cent —1st m.,
2d mort., 8s
7s
Miss. A Tenn.—1st m., 8s, A
1st mortgage, 8s, B..
N. O. A Jacks.—1st m., 8s...
Certificate, 2d mort., 8s...
Norfolk A Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage, 8s
Northeast., 8. C.—1st m., 8s.
2d mortgage, 8s
Rlch.A Dan.—1st consol., 0s
Southw. Ga.—Conv., 7s, ’86.
8tock
S. Carolina
RR.- j»t m., is.
Stock
.
7s, 1902, non-enjoined
Non-mortg. bonds
West Ala.—1st mort.,
or»,o»*
9c\ Triorf-...
—
8s....
112
40
10
40
10
SO
20*
•
20
*
80
106
111
95
104
95
98
99
100
110’
113
100
108
100
102
102 '
75
116
105
101
95
85
100
84
.
w
119.
104*
100
91
no
loo*'*
36
102
106
117
100
no
106
85
105
107
120
102
113
112
idi*
lo2
125
115
105
107
106
18
70
42
111
111
130
107**
no
no *
20
75
4511
ma
114
§ No quotation to-day; latest sale this week
THE CHRONICLE.
360
NEW YORK
Bank
Companies.
Capital.
08
Amount
dates.,§ Period 1878.
1879.
J.& J.
M.&N.
J. & J.
1. & J.
J. & J.
!.& J.
8
0
11
10
.
).& J.
J. & J.
F.& A.
J.& J.
J. * J.
r. & J.
..
8,400
100,000
600,000 420 000
2,050,000 1,035 100
100,000
10,500
400,000
100,300
500,000 271,200
2,000,000 948 300
500,000
73.400
200,000
14,000
171,300 M.&N.
100 1,000,000
Merchants’.
50 2,000,000
650,800 J. & J.
Merchants’ Ex. 50 1,000,000
112.000 J. & J.
Metropolis*.
100
300,000
55,600 I.& J.
Metropolitan.. 100 3,000,000 1,111 600 J. & .1
Murray Hill*.. 100
73.5 0 J. & J.
100,000
Nassau*
100 1,000,000
61,100 M.&N.
New York
100 2,000,000
780.100 J.& J.
N. Y. Countv.. 100
200,000
48,000 •T.& J.
N. Y. N. Exch. 100
75 000 F Sr. A.
300,000
Ninth
100
105,7U0 J. & J.
750,000
No. America*.. 70
700,000 144.000 J.& J.
North River*.
30
07.5fO J. & J.
240,000
Oriental*
25
300,000 172 800 I.& J.
Pacific*...
50
422,700 215,200 Q— F.
Park
332.500 J.& J.
100 2,000,000
People’s*
25
125,400 I.& J.
412,500
Phenix
20 1,000,000
172,000 J. & J.
Produce*
50
1,000
125,0*0
Republic
037 500 F.&A.
100 1,500,000
St. Nicholas... 100
500,COO 119.900
Seventh Ward. 100
52,800 J. & J.
300,000
8econd....
100
92.400 J. & J.
300,000
Shoe * Leather 100
500,000 170,100 J.& J.
Sixth
100
45 200 J.& J.
200,000
State of N. Y.. 100
800,000 207.300 M.& N.
Third
100 1,000,000
94.000 J.& J.
ro
100
50
20
100
100
25
50
25
..
....
Union
West Side*.
..
100
200,000
250 500 J. & J.
095,300 M.&N.
1J 6 0 '0 J. & .1.
Far.
T
6
0
12
120
0
7
0
10
7
74
2%
5
5
3
6
0
r
_
t
7
14
8
3
11
8
7
14
8
*
•
•
7
8
2
....
0
64
•••
•
10
12
5
7
8
8
•
•
•
•
•
• •
*
*
*
8
7
....
.
*
American
+ 50
American Excb iOO
25
Bowery
25
Broadway
17
Brooklyn
Citizens’. ...1
20
70
City
Clinton
100
Columbia
30
Commercial
50
Continental., t 100
40
Eagle .. ...
Empire City.... 100
30
Exchange..
50
Farragut...
Firemen’s
Firemen’s Tr.. 10
Franklin&Ku p 100
German-Amer 100
50
Germania
50
Globe
25
Greenwich
Guardian
100
Hamilton
15
Hanover
50
Hoffman
50
Home
100
25
Hope
Howard
50
Importers’* Tr. 50
100
Irving
Jefferson
* 30
Kings Co.(Bkn) 20
Knickerbocker 40
Lalayette(Bkn) 50
100
Lamar.,
Lenox
LongIsl.(Bkn,f 50
25
LoriTlard
Manuf.& Build. 100
Manhattan
100
Mech.&Trad’rs' 25
Mech’ics’(Bkn) 50
Mercantile..
50
Merchants'.... 50
Montauk (Bkn) 50
Nassau (Bklyn) 50
144
74
5
•
7
8
10
6
jo
10
6
8
0
7
3
....
....
0
0*
3
M*.
3
9
10
0
8
8
7
7
0
3
7*
10
8
uly ’70. 3
Jan., *80. 3
275
5
34
Nov , ’79. 3>a
A pi.,' ’80. 4
Feb., ’80. 24
Mav! ’79. 5
*79. 3
Nov., 79. 3
Jan., ’77. 3
Jan.! ’80. 34
Jvn., ’80. 7
Jan., ’80. 4
Jan., ’78. 3
Jan., ’80. 4
135
Feb., 80. 34
2* July. ’79. 24
3
’80. 34
74 Jau., *80. 4
122
8
143
Jan., ’80. 4
2
4
’79.
Nov,
24 July, ’79. 24
3
97
May, ’79. 3
7
Jan., ’60 34 123
64 Jan., ’80. 3
7
Jan,! ’80. s>*
9
12
5
8
8
7
8
12
Amount
120
100
95
150
J nM ’80. 5
151
Jan., ’80. 0
Nov. ’79. 24 89*
Jan., ’80. 4
Jan., ’80. 4
Feb.! ’80. 34
2%
110
Jan., ’80.
July, ’77. 3
Tan.! ’80. 3H
N. Y.
ian., ’80. 4
Feb., '80. 24
Equitable
New York Fire
N. Y. & Boston
New York City
120
jan., ’80. 3
’80. 314
3
’79.
100
Jan.,
July', ’74. 34
Feb., ’80. 4
140
Jan., 'SO. 3
111*
3
’8
/.
Jan.,
Jan., ’80. 5
ian.' ’80. 4
iso
Jan., ’80 3
Nov, *79. 3*
Jan., ’80. 3)4
Jan., ’80. 3* 108 125
Nov, ’79. 4
Jan., ’80. 0
Niagara
North Elver....
Pacific
Park
Peter Cooper...
People’s
Phenix
Relief
Republic
t
200,000
200,010
150,000
|
Brooklyn Gas Light Co
Citizens'Gas Co (Bklvn)
do
bonds
..
1,000
Harlem
Manhattan
certificates
Mutual, N. Y
do
bonds
do
New York
People’s
do
scrip
.
do
bonds
do
do
certificates.
Central of New York
1,000
Var.
50
50
Williamsburg
scrip
Var.
Metropolitan, Brooklyn
100
100
Municipal
do
bonds
Fulton Municipal
.
1
Lwuotatlons oy H.
Bleecker St.dk Fultonferry—stk.
1st mortgage
Broadway Jk Seventh Ave—stk..
*
Var.
5
2)4 Feb;, ’80
Quar.
1,000,000 F.& A.
1,000,000 Var
700,000 M.&N.
4,000,000 M.&N.
1,000,000 J. & J.
800,000 M.&N.
300,000 J. & J.
400,000 F.& A.
1,000,000 Quar,
1,000,000 J. & J.
1,000,000 M.&N.
25
Ya
100
10
(Brooklyn)
do
5,000,000
1,000
Brooklyn
Date.
Var.
315,000 A.& (J.
1,850 000 F.&A.
750,000 J. & J.
4,000,000 J. & J.
2,500,000 •YL& S.
1,000,000 tVf. & S.
50
20
50
100
Y r.
100
Jersey City & Hoboken
Hassau,
2,000,000
1,200,000
20
„
Metropolitan
ao
~~25
Rate.
210,000
200,000
200,000
300,000
500,000
850!000
200!000
200 000
150,000
150,000
1,000,000
200,000
300,000
200,000
200,000
200,000
500,000
200,000
200,000
300,000
250,000
300,000
250,000
1,500,000
750 000 M.&N.
*100 /1,500,0001
Nov. ’79 122
7
3
7
5
5
18ys
Feb.
’78
Jan., ’80
1682
100
Feb., ‘60 50
Noy, ’79 90
May, ’79 106
Jan.. ’70 27
1897
90
Jan., ’80 75
24
34
4
34
7
3*
3
Aug.,’79
14 Jan.. ’80
3^ Jan., ’80
Jan., ’80
1*
t;an.,
188S
6
’80
-.../
100
1,000
100
900,000 J. & J.
094,000 J. & J.
2,100,000 Q-J.
50
724
95
55
190
105
95
,
'30
column
-howi^t aividend
is an extra dividend.
72*
sb., '80
1890
_
Jb.,
02*
90
’80 110
110
100
,
ian., ’84 100
Feb., ’80 170
Apr., ’93 no
•June, ’93
Jan
’80
NovVl9(jj
July,
Jan.,
May,’
’94
’80
’88
Sept.,’83
Miiy, ’77
July, ’90
Feu., ’80
-)uly,’90
,
25
99
20
95
40
10')
92*
20
17
20.008
10
12
11
20
20
20
18
20
43,577 10
5
26,725 10
20
175,334 20
9
10,841 10
109.090 1235 0-23
1,005
5! 7,458
108,148
399,052
89,737
190,043
103,739
487,0*6
121,591
28,519
187,084
102,389
174
10
10
20
215,455 10
121,502 10
443,095 20
34
5
10
84
Mar., -so 5
Jan., vo.10
10
20
5
14
10
10
13
5
12
10
20
20
10
13
10
20
Jau
*
•
>80. 5
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
vo.
>80.
>80.
>80.
go.
Jan., >80.
Jan., -so.
Jan., >80.
Jau.. go,
Jan., >80.
Jan.,
Fe-J.*
4
181
190
107
102
130
138
135
140
115
110
250
05
125
160
0
135*
5
0
7
100
150
150
75
120
5
5
5
‘70*
i«s
91
133
102
70
130
83
140
112
100
130
115
155
100
155
7
5
-so 5
>80. 5
1*00
109
120
110
00
70
Jan., >79. 5.'
J1"?-. ’80. 6 130
65
•
fa
12
8
20
12
20
12
10
10
125
140
170
50
117
103
85
125
Jan., >80. 5
Jan., >80. 5
Jan., >80. 5
lan., *80. 5
L2
.
.
Jan-t ’80. 0
100
200
108
JaQ..
180
110
125
.
*80. 4
Jan., >80.10
Jan.. V0.10
ian-, *80. 0
’80. 5
Jan., >80. 5
Jan., ’80. 34
20
J n., *80.10
10
Feb
’80. 3
9-13 ian., ’80.0-23
124 12
Jan., ’80. 5
10
8*j Feb., ’80. 34
14
10
Jan., ’80 5
10
10
Jan., ’80. 5
12
11
Ja
’80. 5
10
10
Jan
’80. 5
20
20
Jan
’80.10
,
.,
110
130
90
71
'08
105
155
55
125
102
70
115
100
127
70
130
105
80
120
105
130
110
,
,
Rate.
Months
104
524
Ntw York:
Water stock
1841-63.
Croton water stock. .1845-51.
do
do
..1852-60.
95
110
30
95
85
00
77
100
00
200
110
100
Croton Aqued’ctstock. 1865.
do
pipes and mains...
do
reservoir bonds
Central Pa\k bonds. .1853-57.
..1853-65.
uo
do
Dock bonds
1870.
P75.
do
1865-68.
Improvement stock.... 1869
Market Btock
ao
Consolidated bonds
Street imp. stock
....18t9.
var.
do
do
New Consolidated
Westchester County
Consolidate!....
Asses meat
,
203
t Surplus
Pbiok.
var.
var.
Payable.
Feb., May Aug.&Nov.
do
do
5
5
0
0
7
0
5
6
7
0
7
0
7
do
do
do
do
May & November.
Feb., May, Aug.& Nov.
do
do
do
do
May & November.
May & November,
lg7
do
do
do
do
do
do
do
do
do
do
January & July,
do
7
-
do
»
Quarterly.
5
May & November.
Bonds
due.
Bid. Ask.
100
104
104
100
110
109
108
1898
1895
108
120
1901
107
1898
1894-1897 117
107
1889
1879-1890 102
113
1901
1888
102H
4879-1882 102
413
1890
1894 c 118
105
1926
102
1884
1880
1890
1883-1890
1884-1911
1884-1900
1907-1911
95
75
110
87
95
115
115
175
110
180
115
30
101
.
Brooklyn—Local Iin •r’em’t—
City bonds
do
Park bonds
Water loan bonds
Bridge bonds
waver
loan.
City bonus.
Kings Co. bonds
109
109
122
109
118
108
H0
115
105
105
115
119
106
10S
•All
•
7
7
7
7
7
6
0
7
Jauuary & July,
do
do
do
do
do
do
do
do
do
do
do
do
May & November.
do
do
6
do
do
Park bonds
Bridge
•100
50
101
105
107
112
124
112
[Quotations by N. T. Beers, Jr., Broker, 1 New st.]
102* 105
Dec.1902 100
316,395
130,185
*0
10
10
10
15
123
140
05
Jan., *80. 74
Jan., *80. 5
ian., *80. 5
iso
Jan., -80. 5
Jan., *70. 3>* 55
Jan., ’80. 5 100
97
Jan., *80. 5
00
Jan., >80. 8
124
Interest.
do
85
101.513 14
200
[Quotations by Daniel A. Moran, Broker, 27 Pine Street.]
_
1888
10
10
10
(0
10
10
10
10
20
5
10
10
10
10
10
12
10
20
20
10
10
12
20
10
20
14
N’ne
N’ue
11
10
30
12
20
12
15
10 •
109,951 18
147,011 20
ian.. ’80. 3W,
7
125
93
185
195
170
190
*17
130
55
115
L75
180
95
100
120
98
105
City Securities*
152
% Jan., >0 18
21
J’ly,1900 95* 100
Jan., ’?0 83* 88
•July,*'84 104
100
34 Feb., 80 150
155
7
Nov., ’80102 no
3
Jan.,'80 140
150
2
Oct., '79 95
100
7
2
7
...
874
140
125
75
105
76
l. Grant. Broker. 145 Broadway.]
1st
+ This
72
100
7
174
including re-lnsurance, capital and scrip.
June, *79 1924 200
Feb., ’80 135 140
3^ Feb.,’80 100
102
14 Ju'y, ’79 75
80
mortgage
1,000 1,500,000 J.&D.
Brooklyn City—stock
10 2,000,000 Q—F.
1st mortgage
1,000
300,000 M.&N.
Broadway (Brooklyn)— stock..
100
200,000 Q—J.
Brooklyn <t Hunter's Pi—stock.
100
400,000 A. & O.
1st mortgage bonds
1,000
800.000 J.& J. 7
Bvihwick Av. (B'klyn)—stock..
100
500,000 J. & J. 24
Ce Ural Pk., y.dk E. River—stk.
100 1,800,000 J. & J
3
OoT)«plid«ted mortgage bon's 1,000 1,200,000 J.&D. 7
Christopher dk Tenth St.— Stock
100
0f;O,ono F.&A
24
Bauds
1,000
250,000 J. & J. 7
D v Dock, E. h. mcBattery—stk
100 1,200.000 Q-*.
4
1st mortgage, cons’d
500&C
7
900,000 J.&D
Eighth Avenue—stock
100 1,000,000 Q—J.
8
1st mortgage
7
J.
&
1,000
J.
203,000
St.dk Grand St ferry—stock
100
748,000 M.&N. t5
1st mortgage
1,000
230,000 A.&O. 7
Central Cross loion- stock.
100
000,000
Lt mortgage
1,000
200,000 m!&n. *7 •
Houst >n, West st.dkPav.F'y—stk
100
250,000
istm rtgage
600
500,000 J. & J. 7
Second Avenue-stock
100 1,199,500 J.&J.
24
8d m j rtgage
1,000
150,000 A.<£ (J. 7
Cons. Converting
1.000 1,050,000 M.*,N. 7
Exte ’8 on
300&C.
200,000 M.&S. 7
Sixth Avenue' stock
J00
750,000 M.&N. 5
lfct mortgage
1,000
415,000 J.&J. 7
Third Avenue—stock!
100 2,000,000 Q-F.
5
1st mortgage
1,000 2,000,000 J. & ,T. 7
100
Ttcmty-ihira Street—stock... .
000,000 F.&A. 4
1st morteare
1,000
250,000 iM.&N. 7
*
•
Over all liabilities,
Includes scrip.
193,014
200,000
2oo!ooo
25
50
Standard
100
Star
100
Sterling
Stuyvesant..... 25
Tradesmen’s.... 25
25
United States..
Westchester... 10
50
Williamsb’g C
290,770
97,680
81,104
253,533
34,202
182,909
140,928
238,100
103,590
30,832110
159,702 20
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
St. Nicholas....
Bid. Ask.
Ja
10
20
18
20
20
10-72 10
12
11
12
13
10
20
10
20
10
10
20
10
12
20
30
20
4,938
134,907
150!000
200!000
soo;ooo
35
100
100
100
50
25
25
100
20
50
50
50
100
6,480
280|00C
150!00C
25
Rutgers’..
78,922
200,000
.
Amount. Period.
Bid. Ask
Last Paid.
104
14
10
20
20
20
20
475,871 15
0 3,545 10
22,908 10
200,000
150,000 120 800 20
085,945
10
500,000
51,530 10
200,000
3,000,000 1,320,785 10
4,089 10
1-0.000
500,000 110,815 12
National..
Gas and GIty Railroad Stocks and
Bonds.
[Gas Quotations by George H. Prentiss, Broker,
t>ioaa street.!
Par.
1877. 1878. 1879.
Price.
"
.
i The flgiirea in this column are of date Feb,
27,1880, for the National banks
and of date March 20.1880, for the State banks.
uanas
Gas Companies.
Jan. 1,
1880.*
Jan., ’80. 6
i.,
80. 5
Dec., ’79.10
380,940 20
Feb., ’80. 8
800,404 20
Jail., ’60.10
190,447 20
153,000
Ja ... ’8U.10
300,000 4r0,579 20
Feb., *60. 5
163,424
174
210,000
Jan.. ’80. 5
250,000 130,255 18
Ju.y, '77. 5
2,725 5
N’ne
300,000
Jan., ’80. 6
18
10
112,401 25
200,000
1,000,000 1 108,151 1250 13 40 13-05 Jau., ’80.0-85
544.412
Oct.,
’79. 5
20
20
15
300,000
Jan., ’80. 3«^
10
10
73,858 14
200,000
‘-eb. ’80. 5
10
10
99,155 15
200,010
1S8.833 15
15
15
Jan., 80. 74
200,000
10
68,980 12
H4 Jan., ’60. 3*^
204,000
Jan., *80. 5
11
11
70,147 12
150,000
Jan., ’80. 8
7
130,442
200,000
10
Jan., ’80. 5
io
10
875,
i*J0
1,000,000
Jan., -SO. 7
22
14
1,000,000 752,7- 4 30
Jau., ’80. 5
10
10
200,000 118,251 20
30
Jau., »?o. 71*
30
343,749 40
200.000
400,000
200,000
300,000
200,000
...
1
Jan., ’80
Jau., *80
Dividends.
Surplus,
122*
0
7
3
6
*
..
.
140
s
r & J.
M.&N.
\.& O.
s’.* A.
Mav.
Imp.* Traders’ 100 1,500,000 1.801,000
50
Irving
500,000 120.1 )0
Capital.
Companies.
’80. 34
’79. 3
’80. 5
’80. 8
Jan., ’80. 3
108
7
Jan., ’80. 34 118
Pept. ’79. 3
6
Jau., ’80. 3
100
100
Ja i., ’80.25
1700
6
6
’80. 3
10
10
Nov., ’79. 5
210
8
8
Jau., ’80. 4
34 *au., ’80. 34
10
10
Feb , ’60. 5
r
34
J »n., •80. 34
Q- J.
M.&N.
J. & J.
r. & J.
J. & J.
.T. & J.
J. & J.
j. * J.
F.& A
•J.& J.
J.& J.
J.& J.
J.& J.
M.&N.
Net
Bid. Ask.
Last Paid.
74 Jan.,
0
Nov,
10
Jan.,
10
Jan.,
m
T.& j.
Bi-m ’ly
J. & J.
M.&N.
....
40 1,000,000
50 1,200,000
[Quotations by K. S. Bailey, Broker,7 Pine street.]
Prick.
Dividends.
100 3,000,000 1,545,000
Am. Exchange 100 5,000,000 1,370,400
100
250,000 188,400
Sowery
25 1,000,000 1,184.900
Broadway
82 200
Butchers'* Dr. 25 300,000
834 90 r
Central
100 2,000,000
09,200
Chase.100
300,000
Chatham
25
135,000
450,000
Chemical
100
300,000 3,270 700
Citizens’
15W.900
25
600,000
100 1,000,000 1.475 800
City
Commerce
100 5,000,000 2 777.400
1(9,000
Continental.... 100 1,000,000
Corn Exch’ge*. 100 1,000,000
882,700
04 00
East River
25
250,000
Ilth Ward*;... 25
12,400
100,000
Fifth
100
35,'000
150,000
Fifth Avenue*. 100
100,000 222,100
First
100
500,000 1.) 97,. 00
803 400
Fourth
100 3,*00,000
Fulton
30
600,000 387.100
Gallatin....
50 1,000,000
753,200
04 100
German Am.'
75
750,000
55.iO i
German Exch.' 100
200,000
Germania*
08,530
100
200,000
20 OOu
Greenwich*.... 25 200,000
Grocers*
23,000
30
225,000
200.2 -0
Hanover
100 1,000,000
Tradesmen’s...
Insurance Stock List*
latest
America*
Island City*...
Leather Manuf.
Manhattan*
Manuf.* Me r.*
Marine
Market
Mechanics’
Mech. Assoc’n.
Mech’Ics * Tr.
Mercantile
SECURITIES.
Stock List.
Surplus
at
Mark’d thus (*)
are not Nat’;.
LOCAL
fVoL. XXX.
.
:
9
0
January * July.
-
do
do
Brooklyn bonds flat.
1879-188Q
1861-1895
1915-1924
1900-1924
1904 1912
1899-1905
1881-1895
1880-1863
1880-1685
1924
101
102
125
125
123
109
103
100
114
114
1907-1910J113
!0S
111
l28
127
124
113
115
111
116
116
115
102*
95
90
93
125
105
115
150
103
105
105
110
May. ’93 104* 108
on stocks, but the date of maturity ot bonds.
[Quotations by C. Zabbiskik, 47 Montgomery St., Jersey City.]
Jersey City—
Watei loan, long
do
1869-71
Improvement bonds
-Bergen bonds
1868-69.
0
7
7
7
January & July.
January * July.
J. & J. and J & D.
January and July.
1805
101
1899-1902 107
18VT,-04 105
1900
100
102
109
100
101
April
THE
10, 1880.]
further
AND
CORPORATION FINANCES.
THE INVESTORS' SUPPLEMENT.
The next number of the Investors’ Supplement will be issued
AND
Saturday, April 24.
MARCH SUPPLEMENT.
index to all reports and items heretofore
INDEX SINCE
The following
is
an
published in the Investment Department of the Chronicle,
since the last issue of the Investor’s Supplement; annual
reports are indexed in
356
356
Brooklyn & Montauk
322
272
356
297
298
City of Toledo Bonds
Cleve. Mt. Vernon & Del
Cleve.
Tuscarawas
mentioned above, irrespective of the tonnage,
compared with 1878, of 5,295 tons;
which, added to the 9,266 tons above, makes a gain in tonnage,
other than that embraced in the contract with Pacific Mail (for
which a gross sum is paid), of 14,561 tons.” * * “I find that
a very erroneous impression exists in the minds of many persons,
some of whom are interested in your road, who believe that the
business between New York and San Francisco forms the largest
share of our traffic. So far from this being the case, we carried
shows
356
Valley &
271
a
decrease in 1879, as
in 1879,—
From New York to San
From San Francisco to
13,210040
17,524294(>
30,7343840
of 161,743, or about 19 per cent of our
general balance sheet, but the other
Francisco
New York
Which makes in all
273 out of a
a total tonnage
298
Missouri Iowa & Neb
'ht.”
frei
Missouri Kansas & Texas
295
ives no
Missouri Pacific
..273, 322
T ie report
Moiltpelier& Weil’s River
272 statistics have been compiled for the Chronicle as
Nashville Chatt. & St. L. ..298, 357
ROAD AND EQUIPMENT.
New Jersey Midland
1878.
273, 322
1877.
N. Y. Cent. & Hud. Syndicate. 357
48
48
N. Y. Housatonic & No
323 Miles operated
15
15
N. Y. Lake Erie & Western
273 Locomotives
28
28
N. Y. & Oswego Midland
323 Passenger, mail and express cjjts.
415
345
357
N. Y. & New England
Freight cars
44
44
New Orleans & Mobile
273 All
other cars
N. O. Mobile & Texas
273, 357
OPERATIONS AND FISCAL RESULTS. *
357
North River
follows :
272
Champaign Havana & West .. 356
Charlotte Columbia & Augusta.271
Chic. Burl. & Quincy.272, 335, 354
Chic. Clin. Dubuque & Minn...296
Chicago Mil. & St. Paul
322, 356
Chicago Rock Island &Pac... 356
Chicago & Grand Trunk
322 Ogdensb. & L. Champlain.323,
Chicago & Pacific..
298 Ohio & Mississippi
298,
Chicago St. Paul & Minneapolis 264
Oregon
Railway
&
Nav.
Co
270
Chicago & West Michigan
Cincinnati Hamilton & Dayton 322 Pennsylvania RR
274, 298,
Cin. Tmlianap. St. L. & Chic... 298 Pennsylvania & Delaware
Cin. Laf. & Chic
356 Peoria Decatur & Evansville..
Central of New Jersey
with reference to earnings,,
for which this company
Pacific Mail Steamship
Company, as
type :
black-faced
Milwaukee & Northern
Amie Consol. Mining Co
Atchison <fc Nebraska
272,
Atlanta & Charlotte Air-Line..
Atlanta & Richmond Air Line.
Atlantic & Great Western
Atlantic Miss. & Ohio
272,
explanation of these figures
it should be stated that the traffic
receives a fixed monthly sum from the
Juujestmeuts
STATE, CITY
381
CHRONICLE.
Philadelphia & Reading
Pittsburg Cin. & St. Louis
Portsmouth & Dover
358
358
289
Operations—
Earnings—
Passenger
323
358 Freight
264
$
167,704
*
Mail, express, &c
314
298
358
Total gross
24,921
152,477
$
150,143
22,110
146,942
carried
Freight (tons) moved
Passengers
earnings
1879.
48
13
28
410
35
23,729
161,743
$
142,709
1,492,305
14,888
1,596,810
12,749
1,551,683
12,369
1,674,897
1,759,702
1,706,761
$
$
$
Operating Expenses—
463,169
*496,933
401,461
272, 297 Pueblo & St. Louis
357 Transportation expenses
41,448
35,477
43,016
289
Col. Chic. & Ind. Central
Miscellaneous
Quicksilver
314
355
Cleve. Col. Cin. & Indianap
504,617
532,410
274
444,477
Colorado Coal & Iron Co
357 Quincy Missouri & Pacific
Total (including taxes)
274
1,202,144
1,227,292
Columbus Chic. & Ind. Cen
274 Richmond & Allegheny
1,230,420
29-56
271 Net earnings
30-25
26-53
Connecticut Central
357 Richmond & Petersburg
Per cent of oper. exp. to earnings.
Cumberland Valley
296 St. Louis Iron Mountain &
298, 320. 358
* Includes $58,886 spent on new cars and $43,905 spent for steel rails.
357 St.SoLouis & San Fran.289,
Dallas & Wichita
298, 355
INCOME ACCOUNT.
Delaware & Hudson Canal Co. 320 St. Louis & Southeastern
$
299
$
$
Denver & Rio Grande
322, 357 St. Paul & Duluth
Receipts—
264
1,202,144
1,227,292
1,230,420
Detroit Lansing & Northern... 2 71
254,392
St. Paul & Sioux City
264 Net earnings
196,269
149,937
East Bound Freight Tariff .... 264 St. P. Stillw. & Taylor’s Falls.. 299 Rentals ana interest
195,213
158,887
163,294
Elizabeth City Debt
322 Selma Rome & Dalton....299, 323 Other receipts
Evansv. Terre Haute & Chic.. 298 silver Cliff Mining Co
358
1,651,749
1,582,448
1,543,651
Total income
314
Grand Rapids & Indiana
272 Sioux City & Dakota
$
$
$
358
Disbursements—
Greenville & Columbia
322 South Carolina
270,853
239,889
209,468
Pacific
289 Interest on debt
9,939
12,932
Hannibal & St. Joseph
296 Southern
12,500
314 Drawbacks on produce
910,000
840,000
Hartford & Conn. Valley
272 State of Missouri
840,000
250,000
274, 358 Dividends
250,000
Housatonic
273 Texas & Pacific
250,000
314 Subsidy to U. S. Colombia
Houston & Texas Central
273 Texas State Bonds
Wheeling
Indianap. Cin. «fc Lafayette
Indiana Southern
Kansas City 8t. Jo. & C. B
Kansas Pacific
Little Pittsburg Mining Co....
Long Island
273
U. S.
Transportation on Land-
Grant Roads
Union Pacific
210,957
239,627
231,683
Balance, surplus
264
298
270, 345
Pittsburg Cincinnati & St. Louis.
314
345 Virginia State Debt
264
(For the year ending December 31, 1879.)
273 Wab. St. Louis & Pac.264/356,358
Warwick
Valley
Y.)....'
(N.
289
322
The comparative statistics, showing the
Louisville <fe Nashville
273, 357 Wash. City Va. Midl.& G.8.289, 345
Western Union Telegraph
264
ancial
condition of the company for the past four years,
Madison & Portage
357
& Atlantic
289
Maine Central
321 Western
been
prepared
for the Chronicle in
272
Manhattan Elevated
357 Wisconsin Valley
and are given in the tables below. The report
Marietta Pittsburg & Cleve.... 273
that there was an increase in both local and
Massachusetts Central
322
was
during the year, and the number of tons
ANNUAL
operations and fin¬
REPORTS.
have
the usual complete form,
for 1879 states
foreign tonnage
carried
2,726,847,
against 2,142,155 in 1878 ; the revenue per mile was 7*2 mills,
against 7*19 mills in 1878 ; but the cost was reduced to 4*2
mills. The reduction in cost was due to the improved condition
of the property, an increased tonnage mileage of 27 per cent,
and a diminished empty-car mileage, the latter being but 14*61
per cent of the entire aggregate, and the effect of a largely
increased movement in through west-bound tonnage and also
in local coal and coke.
There were carried during the year
778,461 passengers, as against 747,455 in 1878, the increase
leing entirely in local travel. There wa3 a material decrease
in the cost or doing the passenger business. The condition of
the equipment was fully maintained, and 10 ten-wheel locomo¬
tives were purchased to replace the same number condemned
and broken up. One thousand additional freight cars were
placed upon the line under the car trust arrangement, and the
company thus enabled to further reduce the amount heretofore
as
as
Panama
Railroad.
(For the year ending December 31, 1879.)
The annual report made by the General Superintendent contains
the information below. He says : “ Financially, the operations
and results of the year 1879 are satisfactory, notwithstanding the
interruption of our freight traffic during the last
year, in consequence of damages caused by
November. The Chagres River rose 46 feet in three days, and
the freshet was without precedent on this isthmus. The war
between Peru, Bolivia and Chili, lasting through the
month of the
the floods in
*
entire
year, has naturally affected our business to some extent, more
particularly in reducing the shipments of merchandise and
ports.
manufactures to Peruvian
“
The gross earnings for the year
the gross expenses, including
ernment, interest' on bonds, &c.,
leaving as a net balance of
amount to $2,156,367, and
subsidy to the Colombian Gov¬
&c., amount to $1,035,409,
profit the sum ©f $1,120,957, being
16 per cent on the capital stock, from which quarterly dividends
have been paid equal to 13 per cent per annum, and $210,957
has been added to the surplus fund, increasing the same to
$1,401,733. It should be further stated that, in order to wipe
old claim which had long been in dispute, and to avoid
out
litigation between your company and the Pacific Mail Steam¬
ship Company, the monthly payments due from the latter,
under the contract of February 1st, 1878, were temporarily
reduced for a period of two years from January 1st, 1879, to
$60,000 per month, causing a diminution in our receipts of
$120,000. This amount has been fully made up by the increase ’
in
European traffic during the year, and had it not been
for the above mentioned arrangement the net earnings of your
road would have been at the rate of 17% per cent per annum.
At the expiration of the present year, the Steamship Company
will resume their stipulated payments of $70,000 per month.
“Freight transported ia 1879 amounted to 161,743 tons,
against 152,477 in 1878, being an increase of 9,266 tons ; and in
an
our
1
paid for cassservice.
ton per mile show a decrease upon all the
through the increased economies in transportation,
the profit per ton is greater upon each road, excepting the
Chartiers, than in 1878, and the same remark, with a like
exception, will apply to the passenger traffic upon all the lines.
Up to the end of the year $2,711,000 of the coupon bonds of
The rates per
lines, but,
the company were
converted into registered bonds; this included
& Indiana Railroad
were converted into
the coupon bonds above referred to. Under a settlement made
with the county of Allegheny, Pennsylvania, $61,318 have been
received in full settlement of the loss consequent on the
destruction of the property at Pittsburg during the riots of
$280,000 of the 7 per cent Steubenville
bonds, and $39,000 more of the same bonds
July, 1877.
PITTS. CIN.
& ST.
L.—GENERAL ACCOUNT,
DR.
DECEMBER 31,
■
'
,
Assets
Cost of railway,
equipment, &c
Additions to Cincinnati Street
Supplies on hand
$19,942,294
-.
Deferred Assets.
Connection Railway
1879.
$64,639
246,008
382
THE
CHRONICLE.
Supplies, Ac., transferred to C. C. & I. C. Railway,
March 31, 1875
$295,598
Total deferred assets...
Bettennents to leased roads,
GENERAL BALANCE AT CLOSE OF EACH FISCAL
YEAR.
Assets—
\
$606,245
including $637,453 due by Col.
Chicago & Indiana Central Railway
660,293
Ciurent Asset#.
Cash in hands of treasurer...*
Cash in hands of paymaster
Cash remitted by agents, and in transit
Due by station agents and conductors
Due by other companies
$159,032
*
Due
on
IVol. XXX
9
Railroad.equipm’t.Ac 19,947.755
Stocks owned, cost...
Bonds owned, cost...
Bctterm’tsto l’sed r’ds
Bills A acc’ts rec’vable
Materials' fuel, Ac..*.
Cash on hand
Deficit in assets
Miscellaneous items
616
77,843
87,497
.
539,354
miscellaneous accounts
575,578
Total current assets
Total assets
1,439,973
....
Securities.
£tockof Little Miami Elevator Co
'Stock of Union Di*pot, Columbus, 0
Bonds of Litil'e Miami Railroad Co,
Bonds of Dayton & Western Railroad
income convertible bonds of C. C. A I. C.
Rai.wayStock of Little Miami Railroad Co
$20,000
37,298
S,000
29,820,756
275,000
1,100
Total securities...
376,254
37,504
Balance, being deticieucy in assets.
$23,062,567
Cit.
Pittsb. Cincinnati & St. Louis common stock
Steub. A Indiana RR. common stock unconverted
$2,004,600
Total common stock
First preferred stock
Second preferred stock
$2,508,000
2,929,200
3,000,000
Funded debt
12,497,000
Ac., received of that company at date of
lease, Dec. 1, 1*69
$1,763,055
Less sundry liabilities
1,518,261Due Little Miami RR. Co. for value of assets
transferred
Due Col. Chic. & Ind. Cent. Railway-Co. for value
of supplies received of that company
at date
503,400
13,690
..
$360,259
$23,062,567
years are as
follows
1877.
1878.
201
101
57
93
65
1,486
2,460
2,472
42
46
56
201
3,097,962
$
427,420
180,645
1,329,337
Tlie
following reports
Bills payable issued..
Rentals and interest.
Net from leased roads
All other accounts
...
Total income
Disbursements—
Rentals
paid
Interest on debt
Other
Miscellau’s accounts.
Advances C. A M.Val.
To C.C.A I.C. acc’t, 75
Loss on St.L.V.AT.H,
Balance, surplus
Total,
-
778,461
2,437,383
$
810,477
669,790
64,053
214,462
112,384
491,589
56,468
18,160
2,437,383
3,176,370
2-41 cts
2,726,847
0*72 cts.
$
760,841
2,643,714
198,568
3,003,123
$
$
2,022,913
1,075,019
1,989,607
1,18(3,763
65-30
2,003,561
1,599,562
62-64
55-61
383,028
216,562
1,313,804
90,167
-
$
1,075,049
1.186,703
$
1,599,562
10,230
24,854
449,688
1461,839
14,022
711,466
2,123,144
9
828,127
669,790
132,944
2,325,050
$
821,299
833,625
136,980
500,072
1 6,642,163
8,227,514
$
820,123
669,790
75,848
116,496,956
105,000
46,375
13,422
8,227,514
283.390
105,000
165,006
65;200
38,693
16,144
412,002
2,123,144
2,325,050
Exclusive of Col. Chic. A Ind. Cent.
f Includes—Sale of preferred stock St. Louis Vandalia A Terre
Haute,
$200,000; sale Union Depot bonds, $186,000; amount of certain liabili¬
ties canceled and surrendered by Pennsylvania Co.,
$5,866,721.
Includes $180,400 bills pnj-ablc of this company, canceled and sur¬
by Pennsylvania Co.
|| Include*—Reduction of second mortgage bonds, $2,500,000; reduc¬
tion of bills payable, $3,509,221.
*
made of the leased lines
:
CHARTIERS RAILWAY.
1878.
1879.
1878.
$30,596
$42,588
5,847
paid Chartiers RR. Co—
5,451
-
$24,749
$37,136
increased largely, having been 167,571 tons,
against 110,250 tons in 1878 ; the number of passengers carried
was 130,743, against 126,718 in the previous
year.
The increase in expenditure was in the maintenance of way
department in improving the condition of track and bridges.
Gross earnings
Total expenses
$49,315
44,250
39,010
The expenses were 57*02 per cent of the
gross
against 79*11
per
1878.-
$77,598
cent for 1878.
earnings,
1879.
1878.
$33,348
$10,304
7,008
4,684
;
Net amount
as
paid Pittsburg Wheeling A Ky. RR
$26,339
The number of tons carried was 121.808, as against
$5,619
..
45,653 in
foreign traffic
;
CINCINNATI A MUSKINGUM VALLEY RAILWAY.
Earnings.
1879.
Freights
Passengers
Express
Mails
Rents
95,693
5,000
8,259
722
1,460
.
Miscellaneous
;
Gross earnings
$374,666
Operating expenses
264,523
The expenses were 70*60 per cent of the gross
against 93*45 per cent for 1878.
Net
Net
1878.
$228,706
$250,966
105,203
8,265
8,047
758
‘
1,979
'$340,396
318,086
earnings,
earnings for 1879
as
$110,142
earnings for 1878
22,310
Increase
$87,832
The balance of the net earnings, after the payment
of $105,000 interest on bonds, was applied on account of advances here¬
tofore made to meet deficiencjr in net earnings.
The number of tons carried during the
year was 285,784,
against 255,928 in 1878, being an increase in both local and
foreign tonnage ; the number of passengers carried was 189,636,
against 177,010 in the preceding year, the increase being mainly
in local travel; but the rates on both
freight and passenger
traffic show a further reduction as compared with the
previous
year.
*
rendered
^
against 47,991
entirely in local travel.
85,511
$
are
1876, above.
1878, being a large increase in both local and
398,226
200,884
1,303,498
86,999
INCOME ACCOUNT. *
$
836,827
869,910
19,161
380,231
331,254
23,062,567
the number of passengers carried was 63,123, as
in the previous year, the increase being
...
Receipts—
Net earnings
23,297,655
1879.
OPERATIONS AND FISCAL RESULTS.
Operations—
Passengers carried...
786,903
680,082
747,455
Passenger mileage
42,253,185 28,622,519 28,804,112
Rate per pass. p. mile
214 cts.
2-46 cts.
2-44 cts.
Freight (tons) moved 1,808,761
1,722,386
2,142,155
Freight (tons) mil’ge.249,909,882 236,678,518 287,757,418
Av. rate p. ton p. mile
0*88 cts.
0-93 cts.
0’79 cts.
Earnings—
$
$
$
Passenger
905,603
704,603
701,607
Freight
2,193,116
2,191,782
2,270,836
Mail, express, Ac
165,802
201,577
203,927
.
23,056,586
earnings
Less hire of equipment.
201
74-37
29,820,756
Net.
101
69
836,827
726,893
888,783
184,601
262,500
65,590
:
EQUIPMENT.
201
2,427,694
956,898
888,808
184,601
262,500
70,648
1879.
741,493
Total
Total (incl’g taxes)
Net earnings
P.c. of op.ex. to ear’gs
721,954
889,060
184,601
262,500
53,210
5,929,200
PITTSBURG WHEELING A KENTUCKY RAILROAD.
Total current liabilities.
Transport’u expenses
General (incl’g taxes)
L447H38
902,479
184,601
262,500
70,154
LEASED LINES.
264,943
50,900
65,590
Miscellaneous liabilities
605,854
191,698
1,540,765
89,377
12,497,000
|| Additions to Cincinnati Street Connecting RR.
Net amount
l,3gt>,873
Accounts payable for current expenditures.
Due other companies
■Coupons matured and not presented
Maint. of way, Ac
Maint. of equipment.
12,497,000
The tonnage
Current Liabilities.
earn’gs. 3,264,521
Operating Expenses—
9
12,508,061
f Includes supplies March 31,1875, transferred.
+
This item explained in note to income account for
184,601
Total gross
2,508,000
5,929,200
23,062,567
$
2,508,000
$
Net earnings
Less hire of equipment
681,288
Total deferred liabilities
Miles owned A op’ted
Locomotives
Pass., mail A exp.cars
Freight cars
All other cars
237,543
37,504
64,639
earnings
$84,660
$84,487
Operating expenses
54,064
41,899
The expenses were 63 *8tf per cent of the gross earnings, as
against 49‘59 per cent for 1878.
244,794
Railway Co. for value of
supplies received of that company May 1, ’73.
1876.
t 541,607
Gross
$262T,500
lease, Feb. 1,1869
ROAD AND
1,202,433
1879.
Due Clev. A Mt. Vernon
Comparative statistics for four
317,855
660,293
Stocks and bonds as follows: Little Miami, $1,100 stock, $8,000
bonds; Little Miami Elevated stock, $20,000; Dayton A Western bonds,
Deferred Liabilities.
Cincinnati Street Connection Railway bonds, as¬
sumed with lease of Little Miami Railroad
Due Little Miami RR. Co. for value of supplies,
of
644,952
1,158,840
1 454,013
59,316
329,178
64,639
58,398
*
$34,855; C. C. A I. C. bonds* $275,000.
Capital Stock.
1
57,298
317,855
651,671
1,361,789
t 517,928
92,312
291,868
64,639
2,508,000
5,929,200
Stock, common
Stock, preferred
5,928,600
Bds. (see Supplem’t). 15,008,061
Bills payable
3,509,223
.
$
19,942,295
*
23,297,655
$
2.50S,000
Total liabilities.
$
19,942,295
23,056,586
$
Liabilities—
All other dues A acc’ts1
Due Little Miami
Due C. C. A I. C
Cin. Street Conn. bds.
Miscellaneous
34,855
Total
257,2.48
485,655
854,932
1,494,920
310,479
373,870
1 6,031,208
||
64,639
$
19,942,295
85,498
317,855
LITTLE MIAMI RAILROAD.
EARNINGS.
1879.
Freights....
Passengers
.
Express
Mails
Rents
;..
Miseellau’s
.
EXPENSES.
1878.
$734,995
$639,599
457,472
436,260
38,661
47,933
28,159
25,273
45,912
49,013
27,634
1879.
Motive power.. 209,907
Maint’ce of way 210,921
do
of cars
65,633
Gen. expenses..
99,067
25,270
Totals
’otals ....$1,332,495 $1,223,691
per cent
Net earnings for 1879
for 1878.
Total net
69,165
102,524
earnings, as
Add amount due this road on division of
earnings with Colum¬
bus Chicago A Indiana Central Railway
Add for dividends and interest on securities transferred with
lease
210,270
266,359
$891,706 $948,513
The expenses were 66*92 per cent of the
gross
against 77*51
1878.
Cond’iug trans.$306,176 $300,193
$440,789
30,000
79,444
revenue
for 1879.
$550,233
THE
10, 1880. |
April
Net loss for 1879
Net loss for 1878
$182,477
363,250
$180,772
-
Decrease
against 624,564
The tonnage for the year was 787,769 tons,
tons in 1878, being a large increase in both local and foreign.
The number of passengers carried was 835,541, against
850,950 in the preceding year,
the decrease being principally
in local travel; but the passenger mileage shows an increase.
COLUMBUS CHICAGO & INDIANA CENTRAL RAILWAY.
EXPENSES.
EARNINGS.
1879.
Freights.... $2,815,910 $2,379,660
Passengers.
Express
...
Mails
852,500
64,218
103,953
799,645
62,446
106,672
67,101
5,244
2,332
69,102
Rent of rail
way
Other rents
Miscell.5...
Totals
....
5,526
$956,726
Transpor’n $1,059,515
Motive pow.
890,459
way
cars
$3,911,261 $3,433,665
777,140
772,038
224,529
261,415
203,314
242,079
of
Mainten.
General
789,891
of
Mainten.
10,611
ex-
penses....
Totals
..
$3,154,960 $3,022,151
The expenses were 80*66 per cent of the gross
against 88'2 per cent for 1878.
Net earnings for 1879 to credit
Central Railway Company
1878.
1879.
1878.
$82,990
Nodaway Valley and Tarkio Val¬
ley branches are completed, quite an increase of business may
reasonably be expected from that quarter. The company
entered upon the year 1880 with its floating debt entirely dis¬
charged, its equipment increased, and its property in a much
improved condition generally.
The amount of steel rail in the track December 31, 1879,
was 141 miles, and 3,500 tons (423^ miles) of steel have been
contracted for for renewals in 1880, at much less than present
prices.
Of the new branches the report says : “In order to retain the
business coming to this road from Nodaway and Atchison
counties, and further develop that section of country, arrange¬
ments have been completed to construct during 1880 branch
roads as follows : First. The Nodaway Valley Railroad, branch¬
ing from Bigelow Station, thence northwest via Mound City to
the Nodaway Valley, thence up the Valley to Burlington Junc¬
tion to a connection with the Clarinda branch of the C. B. & Q.,
where it crosses the Wabash St. Louis & Pacific Railway.
The length of this branch will be 32*4 miles.
Second. A branch
leaving the main line at Coming Station and running up
the Valley of the Tarkio to the north line of the State,
a distance of 25 3-10 miles.
It is expected that the Noda¬
way Valley road will be completed in May, 1880, and the Tarkio
Valley in June.”
Leaving a surplus of
It is believed that when the
$737,078
4,367-$732,711
Cin. bridge...
earnings, as
of Columbus Chicago & Indiana
than proportionately reduced ; and the line, it will
noticed, shows a very large increase in net earnings.
There were 695,552 passengers carried, against 663,917
1878, the increase being in local travel.
more
be
1878.
1879.
250
250
254
254
27
29
661
15
31
29
761
140
32
27
863
148
36
32
863
153
1876.
Total miles
operated
Locomotives
Pass’ger, mail & exp. cars.
Freight cars
All other cars
in
since the lease.
HAUTE RAILROAD.
results.
OPERATIONS and fiscal
Operations—
Passengers carried
287,726
229,622
217,782
205,250
11,460,005 11,800,946 12,903,'214 15,344,857
Passenger mileage
The motive power and car equipment of the road are in
improved condition, 7 ten-wheeled locomotives having been
purchased, and heavy repairs having been'made to cars.
During the year 123 miles of track were ballasted with gravel
and sand, and numerous repairs and renewals made to bridges.
344,604 ties, 2,648 tons of iron, and 8,319 tons of steel rails were
used in renewal. There are now 139miles of track laid with
steel. The property is in better condition than at any time
VANDALIA & TERRE
EQUIPMENT.
1877.
ROAD AND
..$756,300
Net earnings for 1878 to credit of Columbus Chicago & Indiana
Central Railway Company
411,514
'Increase
$344,786
The tonnage moved was 2,310,053 tons, against 1,791,981 tons
in 1878, being an increase in both local ana foreign.
Though
carried at a lower rate than in 1878, the cost of movement was
•
ST. LOUIS
$5,500— $505,500
stock, excluded in statement of Jan. 1,1830...
Twelve months’ rent of road
$710,518
23,625
Twelve months’ Interest on Cin. Street Conn, bonds..
Twelve months’ loss In operating Cin. St. Conn. R.R..
2,935
profit in operating Newport &
Depot
Union Stock Yard Co. stock and Union
Against which were charged:
Less
383
CHRONICLE.
Rate per pass’ger per
mile.3-7074 cts.
3-6353 cts.
3-094 cts. 2-8786 cts.
870,856
734,319
559,814
452,852
Freight (tons) moved
Freight (tons) mileage*.... 36,057,168 41,812,696 56,703,846 73,986,732
1-70 cts.
1-93 cts.
2-32 cts.
2-15 cts.
Av. rate per ton per milet.
$
$
$
$
Earnings-441,722
399,154
428,997
424,869
Passenger
893,036 1,016,360 1,204,047
717,457
Freight
122,385
118,136
101,764
99,003
Mail, express, &c
*
Total gross
earnings... 1,241,329
$
260,152
Operating Expenses—
Maintenance or way, &c..
Maintenance of eqnipm’nt
124,099
412,130
31,323
Transportation expenses..
Miscellaneous
«
1,768,154
1,423,797
$
318,104
109,269
451,313
34,714
1,533,650
$
365,107
147,193
477,221
26,307
913,400
510,397
1,015,828
517,822
988,766
779,388
6F10
66-23
55*90
$
309,336
118,032
542,972
18,428
”
The annual report of
lished in the Chronicle.
this company has already been pub kThe earnings were $1,317,286 and
expenses $954,389.
The expenses were
as
72 45-100 per cent
against 81 97-100 per cent for 1878.
Tbe net
of the gross earnings,
$362,897
earnings for 1879 were
395,185
earnings
$32,288
130,400
Net loss for 1879
Net loss for 1878
$98,111
Decrease
charge against the
One-half of the above loss, $16,144, is a
income of the Pittsburg Cincinnati & St. Louis
pany.
There
were
Net earnings
Per et. of op. exp.to
*
Railway Com¬
carried, during the year, 900,294
701,502 tons in 1878, the increase being
traffic ; 240,730 passengers were carried in
tons, against
mainly in through
1879, against 201,176
in 1878.
earn’gs
Including company’s
freight,
t Exclusive of company’s freight.
+
Includes $23,565 extraordinary
Total income
Construction^
for—
Equipment
Interest on mortgage bonds.
Interest, miscellaneous
Old boud retired
Union Depot Company’s stock
$75,864
37,401—$113,265
354,368
Floating debt, January 1, 1879, paid
5,991
1,000
•
8,409
216,531— 694,566
$588,490
$509,000
$
25,413
401,614
55,000
$
36,895
354,368
40,000
5,991
X 177,635
*
Includes
t Deficit,
$110,637 accruing from
*
x 342,134
88,333
reorganization of bonded debt,
f Surplus.
GENERAL BALANCE
..
AT CLOSE OF EACH FISCAL YEAR.
$
$
49,180
49,180
49,180
8,909
319,861
41,974
3,894
27,604
291,121
57,067
10,566
379,558
719,898
67,052
147,479
182,512
4,876
78,721
109^830
Suspended accounts
Liabilities—
Stock, common
Bonds (see Supplement)
Bills payable
..
2,789,414
7,485,969
75,931
270,768
230,002
176,184
83,457
300,550
193,078
425,588
11,337,409 10,809,616 11,056,517
11,531,062
Included in bills and accounts
t Of this amount,
78,721
2,789,414 2,796,357
7,485,197 +7,989,475
221,715
128,055
2,789,414
6,909,000
1,070,987
297,240
Miscellaneous
Total liabilities
★
11,337,409 10,809,616 11,056,517 11,531,062
$
$
Total
*
1,269,280
49,180
Discount suspense
-.
Int.on bonds & 3-year notes
Income account
Income account
9,260,385
1,231,878
9,153,038
1,165,047
Materials, fuel, &c
Cash on hand
Unpaid coupons
9,250,128
9,364,135
Real estate
176,176
126,564
receivable.
$500,000 fell due on Jan.
1, 1880, and were paid.
NEWS.
Atchison Topeka
& Santa Fe.—A circular has been issued by
rop
the president of this railroad, making the following proposal to
the stockholders of the New Mexico & Southern Pacific Raiiroad Company: Thi3 company will issue eleven shares of its
capital stock in exchange for fourteen shares of the capital
GENERAL INVESTMENT
stock of the New Mexico
and this proposal shall
inst.
From which deduct for—
Council Bluffs & St. Joseph RR. Co. 1st mortgage
7 per cent bonds, due January 1,1880
779,388
$
29,763
349,685
40,000
10,121
t 80,468
City St. Joseph & Council Bluffs.
(For the year ending December 31, 1879.)
The comparative statistics, showing the operations and finan¬
cial condition of this company in the past four years, have been
compiled in the usual form for the Chronicle and are pre¬
sented in the tables below. The report for 1879 gives the gross
earnings as $1,768,154; the operating expenses, including taxes,
were (60 3-10 per cent) $1,065,663; and the net earnings $702,490.
The increase in gross earnings in 1879 was $234,503; the
decrease in operating expenses, $19,927; and the increase in
net earnings $254,430.
The net earnings for the year 1879 were $702,490, and in
addition to the net earnings there was received during the year
from
sales of “ first lien ” bonds, issued to retire Council
Bluffs & St. Joseph bonds due January 1,1880, $500,000; on
which bonds the premium above par received was $72,550.
This, with some minor items, made the total receipts of the year
$1,283,056, and made the income account as follows:
$1,283,056
517,902
deficit.
Balance, surplus or
Stocks owned, cost
Bills and acc’ts receivable.
Total receipts as
*621.034
12,066
Taxes
Railroad, buildings, &c.
Kansas
413,625
Miscellaneous, interest,&c.
Disbursements—
Rentals paid
Interest on debt
Assets—
above
Charges during the year
expenses.
$
28,790
367,266
37,000
10,343
During the year 2,521 tons of steel rails were put in the
track, and the condition of the property was generally improved.
413,625
6667
INCOME ACCOUNT.
Against which were charged:—
Rental, 30 per cent of gross
*827,704
Total
posal
& Southern Pacific Railroad Company,
be open for acceptance until the 10th
All parties who shall signify
on or before that date shall
their acceptance of this pro¬
be entitled to participate oil
THE CHRONICLE
384
the same terms as stockholders in the Atchison Topeka & Santa
Fe Railroad Company in the subscription soon to
issued for
the building of the Atlantic & Pacific Railroad. Parties to
whom stock is now due under circular 42 will, on the acceptance
of the proposal, be entitled to stock of the Atchison Topeka
Santa Fe Railroad Company in the proportion above stated, to
be issued at once; and those holding subscriptions under circu¬
lar 48 will, on accepting the proposal, be entitled to stock of the
Atchison Topeka & Santa Fe Railroad Company to be issued in
be
]lailroad, shall have the right to terminate
upon
Pacific Railroad
but without any
in length,
sold in foreclosure
Carolina Central.—This railroad, about 242 miles
Wilmington, N. C., to Shelby, will be
Wilmington, N. C., May 31, 1880.
from
at
Chicago & Grand Trunk.—Press dispatches from
Spring-
field, Ill., April 6, state that articles of consolidation were filed
in the Secretary of State’s office that day, whereby the “ Indi¬
ana
Railway Company,” the “ Michigan Railway
giving ten days’ notice.
this rental contract-
The Wabash shall at once re¬
deliver the road to the said receiver.
&
exchange when the New Mexico & Southern
Company’s stock is issued under said circular,
participation in dividends up to that time.
XXX.
fVOL.
Company,”
the “Chicago & Northeastern Railroad Company,” and the
“Northwestern Grand Trunk Railway Company,” in Michigan,
all railroads operated in the States cl Michigan, Indiana and
'
Greenville & Columbia.—At Charleston, S. C., April 4, At¬
torney-General Youmans served upon the parties interested in
he approaching sale of this railroad notice of a motion which
ie has made in the State Court to increase the maximum bid
:’rom $1,000,000 to $2,300,000, with a view of protecting^the
State in its guarantee of the bonds to that amount.
Indiana Bloomington & Western.—Judge Drummond has
decided, in regard to the relative proportion of the unpaid
:axes assessed against the capital stock and rolling stock of the
old I. B. & W. RR., that the bondholders’ purchasing committee
of the main line shall pay five-sixths of the assessment and the
bondholders’purchasing committee of the Indianapolis Bloom¬
ington & Western extension pay one-sixth.
Kansas City Lawrence & Southern.—The track on the
Southern Kansas Branch is now laid to Wellington in Sumner
County, Kan., 25 miles westward from the late terminus near
Winfield, 107 miles from the old terminus at Independence, and
.
241 miles from Lawrence.
Little Rock & Fort Smith.—The Supreme Court of the
United States has affirmed the judgment of the Circuit Court
:‘or the eastern district of Arkansas in the case of a few bondlolders of the Little Rock & Fort Smith Railroad to set aside
ihe foreclosure in the sale of 1874.
The court holds that the
Illinois, with the termini in Chicago, become one. The name of
the road under this consolidation is “ The Chicago & Grand
Trunk Railway Company,” and its capital stock is $6,600,000,
divided into 66,000 shares. The main company, or parent of
appellant is not entitled to the relief prayed for; that the
this consolidation, is the Grand Trunk of Canada, which by this
small minority of bondholders cannot be allowed in the absence
means gets an eastern outlet from Chicago.
The following of fraud
to defeat the wishes of an overwhelming majority.
gentlemen compose the first board of directors: Joseph Hick¬
Louisville & Nashville.—A press despatch from Atlanta, Ga.
son and L. J. Seargent of Montreal, Canada; E. W. Meddaugh
and James McMillan of Detroit, Michigan ; John McCaffrey, F. April 7, says : “ The railroad conference that has been in ses¬
A. Howe, J. Whitman, A. H. Dalton and Wm. Munroeof Cnica- sion in this city for the past week has closed at last, and with
decisive results. The Western & Atlantic Road, which has been
W. S. Shepard, Bath, N. Y.; Thos. Stanfield, South Bend, so long a bar to the proposed line to the sea, has been merged
Ind.; Deforest Skinner, Valparaiso, Ind.; and Chas. F. Har¬ in a combination headed by President Newcomb of the Louis¬
ville & Nashville Road, of which Presidents Wadley, Alexander
rington, Port Huron, Mich.
'
?o; D. J. Norton, Albany,
N. Y.; W. L. Beardsley, Auburn, N.
Chicago Milwaukee & St. Paul—Chicago & Pacific—Sioux
City & Dakota.—In regard to the lease of the Chicago &
Pacific Railroad to the Chicago Milwaukee & St. Paul, the press
despatches give rather a mixed account.
Resolutions were passed by the St. Paul Company’s directors
authorizing the execution of the lease of the Chicago & Pacific
Railroad for 999 years. If the lease is accepted the officers are
empowered to execute joint and several bonds of the company
for three millions of dollars, payable in thirty years from date,
bearing interest at 6 per cent. For the purpose of securing the
payment of these bonds, the Chicago & Pacific is to join the
Chicago Milwaukee & St. Paul Company in a mortgage of the
leased property. An injunction was obtained by Robert Law, a
stockholder, enioining the syndicate of capitalists, holding a
meeting as stockholders of the Chicago & Pacific, from voting
on certain stocks alleged to have been improperly issued, and
from mortgaging the road for over a million dollars, and from
leasing or encumbering the road to a greater amount, without
an order of the Superior Court of Cook County. Notwithstand¬
ing this injunction the lease was made and tlie stockholders of
the Chicago & Pacific Company are reported as under contempt
of court in voting to lease the road during the pendency of the
injunction sued out by Robert Law. A later despatch from
Chicago says: “The largest cash payment ever made in Chicago
was made to-day by the First National Bank in redemption of
the Chicago & Pacific Railroad, by order of the United States
Circuit Court, and paid into the Sub-Treasury. The amount
was
$1,200,000.”
—The Sioux City & Dakota Railroad lease is also contested,
and Messrs. John I. Blair, D. C. Blair, and W. C. Lamed, who
hold a majority of the stock, have protested against the lease
the ground that it is fraudulent and void. These parties
met at Yankton March 27, after the board meeting which
agreed to lease the road, and passed a series of formal resolu¬
tions in which they say that they own 7,760 out of 15,000
on
shares of the Sioux City & Dakota Railroad; that President
C. G. Wicker when he called the board meeting at which the
lease was made concealed the real nature of the meeting, anc
actually informed these directors, who owned a majority of the
stock, that no important action was to be taken. Instea4 of this
the directors issued on the spot $176,000 bonds on the extension
from Beloit to Sioux Falls, and an equal amount of stock, sole
them immediately to the Chicago Milwaukee & St. Paul or its
representative, at 90 for the bonds and 25 for the stock, anc
executed a lease of the road to that company for five years at a
rental equal to 40 per cent of its gross earnings.
—A despatch from Sioux City, la., April 6, says the Chicago
Milwaukee & St. Paul Railroad Company have given to Lacgdon & Co. a contract for building 140 miles of road from the
present terminus of their Hastings & Dakota Branch on the
west line of Minnesota north down the valley of the Red River
to an intersection with the line of the Northern Pacific, near
Fargo.
Chicago & Paducah.—At Springfield, Ill., April 1, in the
a new order was issued in the case
of the Farmers’ Loan & Trust Company of New' York vs. the
Chicago & Paducah Railroad Company and others. The new
order provides that possession be given the Wabash combina¬
tion on the 1st of April; that after the 1st of May, 1880, “ the
rental above referred to shall be increased to an amount equiva¬
lent to five per cent on new Wabash bonds, to be issued in
accordance with the reorganization agreement” of November
15, 1878, and that the receiver, Eugene Ellery, of the C. & P.
United States Circuit Court,
,
gives the Louisville &
and will result in the
immediate operation of the long-talked-of through line that
will compete with the trunk lines for the carrying trade be¬
and Brown
are
Nashville Road
members. - This alliance
a
clear way to the coast,
tween the West and South and New
York.”
Manhattan Elevated—Metropolitan Elevated—New York
Elevated.—When the lease of the New York & Metropolitan
roads to the Manhattan Elevated Railway Company was made,
the New York Company deposited $3,000,000 and the Metro¬
politan Company deposited $6,000,000 in bonds with the lessor
company for construction purposes. The Third Avenue line (N.
Y. Elevated) was finished and the construction of the Second
Avenue line (Metropolitan) was proceeded with, the bonds being
disposed of to raise the necessary funds. On reeeipt of the re¬
cent quarterly statement, the directors of the New York Com¬
pany learned that $750,000 of the proceeds of their deposit had
been applied by the Manhattan Company to construction on the
Metropolitan Company’s Second Avenue line. They threatened
to resort to a lawsuit, but it was mutually agreed to leave the
matter to the decision of ex-Judge Dillon, the Hon. Courtlandt
Parker and ex-Governor Ingersoll, of Connecticut, as arbitrat¬
ors,
and to accept any
decree
a
majority of them should make
final. These arbitrators unanimously decided that the de¬
posit was in the nature of a- trust. They therefore joined in a
decision setting forth that conclusion, and ordering the Metroas
olitan
Company to make good the deficiency to the New York
ompany.
A Aew York Herald reporter gives the following account of a
conversation with Mr. Jose F. Navarro of the Metropolitan Com¬
ow
far short does the Manhattan come of
earning the
guaranteed payments ?” was the next question. To which Mr.
N. replied:
“The earnings of the roads, you remember, accrued to theManhattan Company from February, 1879, and it began to pay
dividends in October. The earnings of that eight months have
enabled the company to pay all dividends guaranteed up to the
present time, ana will be enough for the July dividends. It is
very likely indeed that the accrued sum will carry us over
October, but we may be short in January, 1881.”
“Then, if the Manhattan stockholders do not put their hands
in their pockets the lease will lapse ?”
“Yes; but the question is whether such men as started this
enterprise would allow such an enterprise to fall through.
Their pride would force them to give $50,0Q0 apiece or more to
keep it going. I know I would give as much as that, and I
reason that there are as good men as I or better in New York.”
In the suit of Dr. Caro against the Metropolitan Company, he
obtained an expression of the Superior Court that as a property
owner he may recover damages for certain injuries arising from
the operation of the road in front of his properry. The law¬
yers of the elevated roads say of this decision that it is only a
preliminary skirmish, which decides nothing except that Dr.
Caro is given the right to come into court and prove his case, if
he can. “He must prove that the damage to his property is of
the kind described—that smoke, cinders, stench, &c., enter his
dwelling, and render it uninhabitable—and that such annoy¬
ances are unnecessary to the operating of the road as author¬
ized by the Legislature.” The company will now put in their
answer and give the plaintiff the opportunity to prove the
damage, and that it was not necessary or incident to the opera¬
ting and maintenance of the road.
Midland—New Jersey Midland.—Mr. Charles Parsons,.
April
385
THE CHRONICLE.
10, 1880.]
gives notice to holders
Ccmtmcrtial
debts, and stockholders of
that they can fund same
COMMERCIAL EPITOME.
Railroad Company of New
viz.: “ Common-debt holders
Friday Night, April 9, 1880.
and third-mortgage bondholders, for principal of bonds will
receive 50 per cent in income bonds, Class A, and 50 per cent in
The week has been quite cold in northern and middle lati¬
income bonds, Class B, on payment of 10 per cent assessment,
tudes, and at times stormy and blustering, but it has witnessed
and stockholders on payment of 15 per cent. This offer will
the complete resumption of navigation on the Lakes and rivers
remain open only until holders of $1,000,000 of such claims have
paid assessments. Those holders who do not avail themselves of the West and North. Complaints began to be heard that
of the above offer can exchange their common debts and prin¬ the spring trade is disappointing in volume and in spirit; and
cipal only of third-mortgage bonds for income bonds, Class B, the Western Iron Association, at the meeting in Pittsburg
on payment of 5 per cent, and stockholders on payment of 10
reduced card prices for bar iron from $4 to $3 20.
per cent assessment on or before May 1 proximo.
All claims yesterday,
The
truth
is,
speculation in all departments had been carried too
against the New Jersey Midland Railway Company must be
far, and the tendency everywhere now is towards lower prices.
do not
Sresented
[olders who
to the
treasurer
on or as above will receive scrip, This is in part due to the money market.which has continued in a
pay assessments
as provided in Balestier plan.”
disturbed and unsettled condition. Exports have increased In
Missouri Iowa & Nebraska.—In pursuance of the agree¬
the past month, but not in equal proportion to the increase in
ment under which a controlling interest in this road was
recently sold to the Wabash St. Louis & Pacific, arrangements imports.
Provisions have been very weak and variable during the past
have been made to foreclose the mc~<gages on this road, and
proceedings will soon be begun. There are $2,450,000 recog¬ week, and to-day the extreme figures of the decline were
nized bonds, besides a further issue of $600,000 which, the com¬
reached; old mess pork sold on the spot at $10 75@$11, and
pany claims, was illegally made.—liuiiroad Gazette.
new at $11; April options realized $11 05; May quoted $11 @
New Jersey & New York.—The reorganization of the New
$11 05; June, $11@$11 20; July, $11@$11 25, bid and asked
Jersey & New York Railway Company is named the New Jer¬
Bacon was dull at 6%@7c. for long and short clear. Lard closed
sey & New York Railroad Company instead of Railway Com¬
pany as heretofore. The officers elected by the new company about steady at the decline; prime old Western sold at 7*32^c.;
are:
Valentine L. Lary (formerly receiver), President; Isaac do. new at 7*42/£@7*40c., on the spot; for future delivery,
D. Demarest, Vice-President; Henry C. Deming, Secretary and
Treasurer. The directors are: Garrett Ackerson, Jr., Charles April new sold at 7*42^@7*40c.; May, 7*42^@7*37^c.; June,
L. Atterbury, Robert W. De Forrest, Isaac D. Deming, Louis 7,50@7*42^cj; August, 7*60c.; seller year, 7‘37^c.; refined to
Fitzgerald, Joseph E. Gay, V. L. Lary, John McCook, Jacob the continent quoted at 7Mc. Beef has had a moderate sale
Van Buskirk, Peter Ward, J. C. Westervelt, Edward P. Car¬ on the basis of $18@$20 for extra city India mess. Beef hams
penter and Henry C. Deming.
quoted $17@$17 50. Butter has been steadily declining, but
New London Northern.—This company is now offering cheese and eggs have remained steady. Tallow is firmer at
$750,000 new 30-year 5 per cent bonds, issued under the new 6^c. for prime.
consolidated mortgage. Of those now offered, $650,000 are to
Naval stores have been very irregular, and spirits turpentine
pay for the Brattleboro Branch bought from the Vermont & shows a very decided decline, closing here at 33/6@34e., and
Massachusetts, and the rest for the new wharf at New London. strained to good strained rosins $1 42^@$1 45. Petroleum is
New Orleans & Selma.—The Alabama Court of Chancery dull, but about steady at 7%c. for refined, in bbls. United cer¬
has decided to dismiss the Robertson suit, and to grant a decree tificates have been weak and close lower at 79%c. for united.
American and Scotch pig irons show further declines and a
of foreclosure and sale. The decree orders the division of the
proceeds of sale among all holders of endorsed bonds. The very dull state of trade ; No. 1 American, $33@$35; No. 2, $30
road is in operation from Selma, Ala., to Martin, 21 miles.
@$31; forge, $28@$30; Eglinton Scotch, $23@$29 ; Coltness,
$30@$31.
Kails lower and dull, at $70@$75 for steel, $60@$65
N. Y. Central & Hudson Syndicate.—This famous syndi¬
cate has closed its operations. At the first, in November, 1879, for iron, and $37@$38 for old iron. Ingot copper dull and
Mr. Vanderbilt agreed to dispose of only 250,000 shares, 150,000 quite nominal, at 22c. for Lake. Wool closes weak and dull.
of which were to be taken outright and 100,000 on option, which Clover-seed is firmer and more active, at 6/£@7c. for Western,
'
option of 100,000 shares was accepted last January. After often large sales at 5%@6c.
Ocean freights have recently declined, with the general de¬
public subscriptions were opened, and the syndicate had sold
nearly 200,000 shares, there remained about 50,000 shares in the mands of very limited proportions. At the close the grain
hands of the syndicate, and so rapidly did the private subscrip¬ trade made better inquiries and more steadiness prevailed. The
fn T ilYPriVinl ft V
rrnmnnfa irwiin rlorl
/I
tions come in that the syndicate offered to buy an additional engagements included: Grain to Liverpool, 6%@6/£@6%d.,
100,000 shares—an offer wnich Mr. Vanderbilt accepted about 60 lbs.; cotton, 17-32@9-32d.; provisions, 30@35s; grain, by
1 larch 1.
Mr. Vanderbilt stipulated that on these 100,000 sail 5d., 60 lbs.; do. to Glasgow,* by steam, 7d., 60 lbs.; do. to
shares he should have half the profit between the original pur¬ Avonmouth, by steam, 8d.; do. to Hull, by steam, 8d.; do. to
chase price of 120 and the price at which the syndicate disposed Tyne Dock, by steam, 8d.; do. to Cork, for orders, 5 f 5s. l^d.
of the stock. This week the syndicate issued a circular offering per qr.; do. to Havre or Antwerp, 4s. 9d.; do. to Bordeaux or
the 111,000 shares remaining out of the 350,000 originally Antwerp, excluding Rouen, 4s. 9d.; do. to St. Nazaire or Rochbought from Mr. Vanderbilt at private subscription on April 8, fort, 5s.; do. to Lisbon, 14c. per bush.; refined petroleum to
the sealed proposals to be opened that day and the award to Hamburg, 3s. 4%d.; do. to Genoa, Leghorn or Naples, 3s. 10^d.
Rio coffee has fallen to 14/6@14%c. for fair cargoes, but with
be made forthwith. The subscription price was 131, of which
more favorable advices from Rio de Jai^iro there was a renewal
jper cent was to be reserved for the expenses of the syndicate.
The net price was 130, and the difference between that and 120 of activity to-day, the sales approximating 12,000 bags, and the
to be divided between Mr. Vanderbilt and the syndicate (say 5 market closed more steady. Mild grades have sola to only a
moderate extent at unchanged prices. Rice has sold freely at
per cent each). The World reports that the subscriptions to these
.111,000 shares amounted to about 140,000 shares. An allotment firm and unchanged prices. Molasses has been in fair demand
jinxes.
'Treasurer of the New Midland Company,
of third-mortgage bonds, common
the New Jersey Midland Railway Co.
into income bonds of the Midland
Jersey, on the following terms,
before April 30 for verification.
,
nnnrQ
bringing the award
Twenty-one sub¬
syndicate declines to
understood that Jay Gould, who
subscribed for 70,000 shares, received 56,000 shares ; that Rus¬
sell Sage, Cyrus W. Field, Sidney Dillon, W. L. Scott, E. D.
Morgan, Oliver Ames, L. Von Hoffman, Morton, Bliss & Co.,
Winslow, Lanier & Co., Prince & Whitely, Kuhn, Loeb & Co.,
Hatch & Foote, E. Sweet & Co., Foote & French, and J. S.
Morgan & Co. of London, were some of the subscribers.
New York Housatonic & Northern.—This road was finally
sold to Mr. Dwight Stud well of New York’City for $111,000, and
it was ascertained that Mr. Studwell was not the real purchaser
of the road, but that he represented Mr. Horace Bridgeman, a
was
made to each
subscriber of 80 per cent,
down to the amout held by the syndicate.
scribers received an allotment, but the
make the names public. It is
•
prices, though New Orleans has not
for the reason that there is now little or
no fancy stock here; refining grades have ruled at 38@39c. for
50 degrees test, and grocery grades of foreign have remained at
the prices of last week. Tea has sold several cents lower at
at essentially unchanged
been quoted so high
read¬
in
large
fallen off
in consequence, as many of the cargoes came to refiners; prices
have been more or less weak latterly. • Refined was quiet until
to-day, when a better demand sprang up, and prices which had
Spices have been very quiet. Cocoa would sell
ily if there was any here. Raw sugar has been
very
receipt, 32 vessels arriving within 48 hours; trade has
auction.
before been to a great extent hominal
following shows the movement in raw:
Hilda.
became steady. The
Boxea.
Baera.
Melado.
4,413 48,078
29,000
521
capitalist of N. Y. City.
16,152
19,310 *1,089
52,634
4,648 678,439
New York & Oswego Midland.—The Times reports that a Stock April 7, 1880
2,924
Stock April 9,1879
19,687
32,984
583,766
2,245
meeting of the commissioners appointed by the towns and vil¬
The demand for Kentucky tobacco has fallen off, and the
lages lying along the line of the old Oswego Midland . Railroad
was held in Norwich, N. Y., on Thursday, and $6,000,000 of the
sales for the week are only 300 hhds., of which 200 were for
stock was said to have been represented. It was agreed to export and 100 for home consumption. Prices, however, ruled
transfer this stock to the two New York parties with whom the quite firm, with lugs quoted at 4@5/£c., and leaf 6@13c. The
committee recently negotiated. Within the next few days the movement in seed leaf continues brisk, and prices are generally
new owners intend to make a formal tender to the officers of
pretty well supported. Sales for the week are 2,363 cases, as
the Ontario & Western Company of the sum paid by them for follows: 1,000 cases 1879 crop Pennsylvania, private terms :
the road in cash at the foreclosure sale, and to demand posses¬ 1,100 cases 1878 crop Pennsylvania, 10@25c.; 83 cases 1877 crop
sion under the law of 1852, heretofore quoted.
If, as is Pennsylvania, private terms; and 100 cases 1878 crop New
expected, the demand is refused on the ground that the law England, ll@20c. The market for Spanish tobacco has been,
was, abrogated by the law of 1876, suit will be immediately
less active, and sales are only 550 bales Havana at 80c.@$l 10.
begun to test that point.
Receipts since April 1,1880
Sales since April 1,1880
CHRONICLE
1HE
386
The
O O T T O N.
Friday, P. M..
«.
The Movement of the Crop, as indicated
from the South to-night, is given below.
For
this evening (April 9), the total receipts have
April 9, 1880.
by our telegrams
the week ending
37,323
reached
bales, against 47,393 bales last week, 53,419 bales the previous
week, and 49,611 bales three weeks since, making the total
receipts since the 1st of September, 1879, 4,532,385 bales,, against
4,218,354 bales for the same period of 1878-9, showing an increase
Bince September 1, 1879, of 314,031 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 this w’k at
New Orleans
1877.
1878.
1879.
1880.
1876.
’
14,222
3,670
7,918
1,372
2,960
1,359
16,592
2,461
2,358
2,196
11,630
3,434
2,286
651
109
Galveston
1,265
2,172
4,468
4,487
Indianola, &c
Tennessee, &c
5,968
6,973
Florida
209
526
56
22
73
North Carolina
424
1,304
390
8,194
8,402
1,182
2,099
1,955
6,187
770
1,104
9,224
1,265
126
231
37,323
44,851
51,391
21,183
41,620
Mobile
.
Charleston
14,009
1,376
Port Royal, &c
fvroL. xxx
•
863
speculation in cotton has been very active the past week,
opening firmer then declining sharply after some fluctuations.
On Saturday the
small interior movement, together with
stronger accounts from Liverpool, caused a further advance.
But on Monday the operators for a decline made a strong attack
upon the market, and in face of strong accounts from Liverpool
and Havre prices steadily gave way to the close of Wednesday’s
business, relieved only by a slight effort on Wednesday morning
to maintain values.
At the close of Wednesday the decline
from the close of Saturday was 54@57 for points for May to
September inclusive, and 40@47 points for April and the later
months of the next crop, causing a failure of some importance.
On Thursday Liverpool reported a slight improvement, and this,
together with a desire to cover contracts and realize profits,
caused a recovery of 10(5)14 points, but more than half of it was
lost at the close ; and to-day there was a further decided decline
of 35@45 points, under a severe pressure upon the market, it
being rumored that leading holders had been forced to realize.
There was, however, a slight recovery at the close.
Cotton on
the spot was quoted -&c. lower on Monday, and again on Tues¬
day and Wednesday ; and this decline led to a brisk business for
export. There were considerable transactions the 'first half of
the week in “short notices” for April, and it was said that
shippers were the principal buyers, the prices accepted being
relatively low. To-day spots declined £c. to 12fc. for Middling
Uplands.
The total sales for forward delivery for the week are 1,258,100
bales, including
free on board. For immediate delivery the
total sales foot up this week 15,199 bales, including 10,777 for
export, 2,839 for consumption, 433 for speculation, and 1,150 in
transit. Of the kbove, 180 bales were to arrive.
The following
tables show the official quotations and sales for each day of the
past week:
0000682..21796
Savannah
89
Norfolk
City Point, &c
Total this week..
.
Total since Bept. 1.
....
....
3,420
5,143
3,573
1,706
2,341
3,870
18
15
324
9,446
2,603
5,248
...
4,532,385 4,218,354 4,004,735 3,778,419 3,855,106
The exports for the week ending this evening reach a total of
68,016 bales, of which 48,315 were to Great Britain, 9,178 to
France, and 10,523 to rest of the Continent, while the stocks as
made uo this evening are now 709,319 bales.
Below are the
exports for the week and stocks to-night, and a comparison with
A the corresponding period of last season.
.
Week
ending
.April 9.
EXPORTED TO—
Great
Britain.
N. OrPns
15,725
Mobile..
3,676
Charl’t’n
France,
7,067
Savan’h.
nent.
....
....
2,825
1,456
1,177
163
48,315
9,178
10,523
N. York.
NorfolkOther*..
....
821
113
198
3,805
9,199
68,016
73,613 709,319 479,549
7,464
....
....
.
7,690
April 3 to
April 9.
1879.
Ordin’y.$tt> 11*4
8trict Ord.. ll^e
Good Ord-. 121iq
8tr. G’d Ord 125!0
Bept. 1.- 1958,724 312,193 707,629 2978,546
3002.712
*
The exports this week under the head of “other ports” include, from Balxn ore, 1,454 bales to Liverpool, and 163 bales to the Continent;
from Boston,
1,387 bales to Liverpool ; from Philadelphia, 1,412 bales to Liverpool; from
Wilmington, 1,177 bales to France : from Port Royal, 3,606 bales to Liverpool.
From the
foregoing statement it will be seen that, compared
decrease
"with the corresponding week of last season, there is a
in the exports this week of 5,597 bales, while the stocks
to-night
Wed
Strict Ord. 11*4
Good Ord.. llHl6
8tr. G’d Ord 1U510
Low Midd’g 12*4
Btr.L’w Mid V27i0
Middling... 125s
Good Mid.. 1278
8tr. G’d Mid 131s
Midd’g Fair 135s
1430
Fair
229,770 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
^n Shipboard, not cleared—for
•
April
9, at—
Liver¬
pool.
New Orleans
Galveston
9,439
2,000
500
1,200
3,300
269
None.
50
100
None.
None.
None.
989
800
300
None.
Noue.
500
New York
Other ports
6,000
Total
48,184
11,585
3,000
1,450
4,725
4,100
*
Foreign
Total.
51,216
4,500
17,235
Included in this amount there
ports, the destination of which
are
870
8,700
5,100
6,514'
5,270
6,500
91,568
1,719
20,528
200,295
26,139
21,992
14,799
28,965
276,147
49,414
617,751
The following is our usual table showing the movement of
cotton at all the ports fropa Sept. 1 to Apr. 2, the latest mail dates:
RECEIPTS SINCE
SEPT. 1.
Poets.
1878.
1879.
N.Orlns 1369,216 1115,758
Mobile. 335,645 346,372
Char’n* 457,164 503.654
Bav’h.. 705,796 675,119
Gaiv.*.
Florida
441,934
171,941
19,65S
N. Car.
100.643
NorTk*
657,939
235,126
•N. York
Other..
Thiayr. 4495,062
last ye ar
533.825
•
134,914
54,511
130,122
511,814
167,414
♦
Foreign
•
•
....
•
22,668
205,893
175,488
....
1,479
....
10,447
5.840
20,155
•
Point, Ac.
13%
14
14 78
1378
14%
14%
Til.
11%
11%
11%
11%
12%
12%
127e
13%
13
13%
13%
13%
14%
14
14%
14%
13%
13%
Fri.
Wed
10%
11%
11
11
11%
11%
13%
1378
14%
TH.
I2I4
IH316 111316 11*10 111316 lll3io U*16
12%
12
Fri.
10%
11%
1115i6 llU16 I2116 12%6 111316 12%6 12%6
12%
12%
12%
12%
111*16
12%
12716 1231g 12*16 12*16 125i6 12*16 12*16 12*16
12%
1278
12%
12%
12%
1234
12%
13
12%
12%
12%
13
13
13
12%
12%
13%
13%
14%
1278
13%
13%
13%
14%
13%
13%
14%
13
13%
13%
14%
13%
13
13%
14%
13%
14%
13%
14%
14%
Mon Tnes Wed
Sat.
TH.
Fri.
$ 2>. H116 101516 101316 101%6 10i%6 1°716
lllSie 111116 11*16 H716 11716 n316
12
12%
11%
11%
11%
11%
12*16 127i6 12*10 123x0 123J6 1H*16
Ex¬
ConSpecport. sump. ul’t’n
396
424
454
363
472
730
.
.
Total
b
*
Deliv¬
eries.
Sales.
1,150 .2,446 99,300
1,404 202,800
200
3,284 257,000
917 217,400
*33
3,077 186,500
200
4,071 295,100
1,900
'
6,400
433
2,839
Tran¬
sit. Total.
FUTURES.'
1,150 15,199
t
1,400
700
400
1,200
800
11,258,100
daily deliveries given above are actually delivered the day pre¬
*10,777
The
vious to that
on
which they
are
reported.
delivery the sale3 have reached during the week
1,258,100 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For forward
For April.
Bales.
Ct°.
12-13
.12-15
8. n
1*2-16
.12-16
12-17
200?.n.l<thl2-18
100s.n.l0lhl2 23
100
12-30
600 s.n.9th. 12-46
100
12-46
100 s.n. 10 1.12-47
300.
1-2-47
400
1-2-48
900
12 50
12-.il
900.
100
12-52
100 8.n.9th. 12-53
300
12'53
100 B.n.ljthl2*54
100
12-54
100 8.n.8th.l2*55
200
12-55
300 r».n.7th. 12-56
500 e.n.9th.12-56
200
12-56
'
-
Cts.
12-57
yth. 12-59
1260
Bales.
80*,
100
100
400
300
400
700
4173,503 1697,048382,235 849,816 2929,099 531,013
:
13%
13%
11
.
1910,409 303,015 697,106 2910,530 748,177
,
127s
11%
900
Sat.. Firm
980
Mon
Quiet at % dec...
Tnes. Easy, % dec
2,630
554
Wed
Quiet, % dec
Thurs Steady
2,572
Fri.
Steady, % dec... 3,141
5,306
18,049
38,000
•Under the head of Charleston is included Port Royal, &c.; under the head of
Qatoeeton is included Indianola, &c.; under the head of Norfolk, is Included City
13
13%
SALES OP SPOT AND TRANSIT.
•
33,115
213,212
195,643
13%
13%
13%
14%
11
8POT MARKET
CLOSED.
*
•
11%
MARKET AND SALES.
Total.
•
11%
11%
12%
12%
12%
10%
Middling
679,122 219,578 202,885 1101,585 264,749
83,819 40.878
6,791 13,455
63,573
138,950 16,914 146,005 301,869 32,206
180,381 17,767 209,522 407,670 22.670
182,262 20,964 47,304 250,530 43,254
262,072 19,522 41,493 323,087 284,065
•
Mon. Tne*»
1215ltt 121316 121%6 12i*16 121316 121%6
11
Ordinary
Low Middling
Stook.
France.
12%
1114
Good Ordinary
EXPOR rED SINCE SEPT. 1 TO—
Great
Britain.
Sat.
12%6 111516 12316 !2li6 111*16
125X0 123x0 127i6 12*16 123x6
10 78
Strict Good
hales at presses for foreign
cannot learn.
we
11%
Wed
1111X0 H716
11%
11%
11%
Fri.
Th.
STAINED.
Stock.
11,300
Mon Tues
1U516 1U316 12316
12316 12%* 12716
Leaving
Coast¬
wise.
6,300
2,700
26,891
Mobile
Charleston
Savannah
Other
France.
11%
..
r
Sat.
11%
11%
11
ills
11%
,
Are
ns the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carej, Yale &
Lambert, 60 Beaver street :
Mon Tues
12% ‘
Low Midd'g 125q
121a
Btr.L’wMid 121316 121116 12*10
12 34
127s
Middling... 13
13
Good Mid
13is
13^4
13%
13%
8tr. G’d Mid 1312
13%
137s
Midd’g Fan- 14
Fair
14%
1434
145s
Ordin’y.$lb 107s
Tot.since
•
Sat.
TEXAS.
NEW ORLEAN8.
UPLANDS.
1880.
38,986 248,479 172,101
4,850 37,439 20,900
4,141 30,692 12,924
5,920 19,899 19,765
3,886 35,479 22,375
5,362 281,417 192,574
7,560 15,914 10,910
2,908 40,000 28,000
4,681
....
STOCK.
Same
Week
1879.
28,673
3,676
2,825
5,881
3,228
6,869
7,153
3,805
7,859
Galv’t’n-
Tot. this
week..
Conti¬
....
....
Total
this
Week.
s.n.
2,7 jO
1
|
Bales.
800.
21,400
For May.
12-14
400.
1215
1,300.
.1216
800.
1217
5,100.
12-18
1,200.
800.
12-29
3,100.
1221
1,200.
....12-68
8th. 12-69
4.500.
2,600.
1,300.
12-70
500
12-71
100
.12-78
200....
300 S.n 5 th. 12-83
100 s.n 6 th. 12-84
400 e.o 7th.12-85
100
200
...* .12-86
1.000
12-87
200
400.
100
s.n
1,700
3,100
7,400.
1,400.
..
-
1
.
...
2,300
| Bales.
/
12-37
1,900
12-38
600
100
100
900
200
12 39
12 40
12*41
1,400
6,100
6,600.:
....12*49
12-50
12-51
12*52
2,000
1,700
12-23
300
12*54
....12-24
1,700
12-55
12-56
12-57
12 58
12-59
.12*60
12*61
12-62
12 63
12-64
12 25
12-26
12-27
12,50"..
8,500
7,000
4.300
1,700. .........12 32
9,000
10,500
.-<00.
4.690.
400.
12-42
12*48
12v2
12-29
12-30
700.
1,300.
-
Cts.
12-3&
12-36
—
1263
100 s. u
100 s.n. 7fh. 12*63
100 s.n. 9;h. 1263
600?. n
,12-04
200 s.n. 7th. 12-64
200
.12-64
100 s.n. 8th.12-65
1.000
12-65
12-67
200
100 s.n 6th.12-68
.
Cts.
12-33
6,700.....
12-53
12*65
Bales.
5,600
1,700..
500
..
.
4,700
7,700
2,900
1,900
1,500
12-75
.12- 76
5,900
2,000
1,400
.12-77
.12-78
.12-79
5,400
1,400
5,200
.12-81
..
300
400
2,000
1,400
2,000
2,000
400
1,400
1,800
3,10 *
1,900
2,400
4,000
4,000
.1304
.13-05
200....
2,600
For June.
12-26
2,700....
500
.12-27
200,...
700....
1^28
1,000
a or.o
3,400.
8,500
6,900
6,900..
9,300
3.900
2,500
3,600
2,600
3,60C
1,600
5,200.
...
800.
7,600...
9,500
8,700
7,000
4,000
4,800
4,200
..
6.400....
3,400....
...
y 0 0
1,900
1312
13 10
1,100....
1,200. ... .....13-17
200...
900....
2,300....
100
500
500
100
800...'.',
2,200....
3,000....
3,500....
2,500....
•1,400
..
13-19
13-20
13-21
13-22
...
13-25
13-20
13-27
13-32
13-33
13-34
13-35
13-30
...13-38<
200
3,900..
13-39
234,700
.
400.
1,800. ..
3,"00....
1,100....
1299
13-00
1301
tilOO....
4,400.
.
2,900.
..
.12-67
.1208
1.60».
3,500....
For September.
12-17
100....
....12-18
100....
l*-20
700....
12-21
3 )0
1222
1,200,...
12-23
200....
12-25
200....
12*9?
..
13-02
13-13
13-04
13-08
1309
13-10
13*11
13-12
600....
600.
6 0....
900.
400....
800
.
*00
900....
100....
..
1,200...
1,1.00.
3,900....
9,200.
1,100....
2,200....
.12-84
.12*85
..12-80
..
....
13-20
300.
200....
100...
..
900....
600....
15,400
12-34
600.,..
12-43
500....
200....
..
1,0 0
2,600....
13-31
300.
200.
..
...
..
For
August.
1,300.... ...>..12.45
l*-40
..
,1247
12-48
1250
400.
..
..
..
Firmer.
Lower.
.
..
For
Closing.
Day.
Day.
Bid. Ask High.
Low.
Low.
For Day.
Closing.
Bid. Ask High.
Low.
Closing.
Bid. Ash
—
—
81
46
75
46
45
—
.
Short notices for
12-65 ;
Tuesday,
12-23® 12-16.
12-76-12-61 12-68
12-8612-73 12-78
12-94-12-80 12-84
12-57-12-47 12 50
11-88-11-77 11-81
11-57-11-46 11-52
11-56-11-49 11-50
11-64-11-63
12- 55
Stead Ly.
69
79
85
52
83
54
52
12-52-12-26 12-35
12-63-12-35 12*45
12-70-12-45 12-52
12-35-12-17 12-22
11-70-11-54 11*58
11-37-11-25 11*26
11-35-11-25 11*24
-11-30
12*20
36
46
54
24
60
28
26
—
Barely steady
Saturday, 12-83® 12*85; Monday, 12*69®
12*64® 12-55 ; Thursday, 12*47® 12-54; Friday,
April:
Erratum.—There was a typographical error in our quotations
of futures for Wednesday, Thursday and Friday of last week.
The error consisted in failing to place the proper months
opposite the prices, and the statement can be correctly read fry
omitting March and moving up the other months one line each.
Thus, for March read April;' for April read May, &c.
The Visible Supply of Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figured
of last Saturday, but the totals for Great Britain ar.d the afloa
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (April 9),-we add the item of
exports from the United States, including in it the exports of
Friday only.
1880.
Total Great Britain stock
Havre
Stock at
Stock at
Stock at
Stock at
Stock at
Stock at
Stock at
Stock at
655,000
41,643
bales
Stock at Liverpool
8tock at London...
.
1879.
1877.
1878.
587,000
57,250
744,000 1,124,000
36,750
10,000
644.250
754.000
227,250
581250
133,000
1,632
28,240
197,500
39.500
3.500
63.000
14,500
66,250
43,500
70,750
12,000
7,250
6,250
Antwerp
Stook at other conti’ntal ports.
367
2,000
23,500
3,500
22.250
43.500
7,250
3,750
4,800
7,000
9,000
11,000
8,500
15.250
Total continental ports....
L39,633
295,750
335,750
455,250
Total European stocks..
841,326
940,000 1,139,750 1,616,000
192,000
249,000
143.000
628,000
345,000
515,000
45,000
25,000
43,000
633,892
533,234
479,549
63,558
80.966
63.294
Marseilles
Barcelona
2.800
Hamburg
Bremen
Amsterdam
Rotterdam
23,3S2
16,800
3,412
..
210.339
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
452,519
30,259
Egypt,Brazil,&c.,aflt for E’r’pe
709,319
143,291
5,000
8tock in United States ports ..
Stock in U. S. interior ports...
to-day..
Total visible supply
Of the above, the totals of
American—
34,000
7,000
6,000
9,000
4,000
2,392,053 2,174,843 2,605,542 2 973.858
American and other descriptions are as
follows:
«
474,000
475,000
554,000
American afloat for Europe....
United States stock
United States interior stocks..
103,000
452,519
709,319
143,291
269,000
515,000
479,549
333,000
628,000
533,234
United States exports to-day..
5,000
63,294
9,000
63,558
6,000
Liverpool stock
Continental stocks
757,000
388,000
345,000
633,892
80,966
4,000
1.400....
12-55
11-40
11-47
3,400...
600.
200...
800....
500...
.
12*57
.12-58
.12-60
Liverpool stock
100....
300.,..
12-64
12-68
11-53
Continental stocks
India afloat for Europe....
.
11*00
Total East India, &c
Total American
11*71
Total visible supply
Price Mid. UpL, Liverpool
I0u...
12*74
12*75
900....
100....
600...
200...
200...
300...=
12-70
12*77
....
Egypt, Brazil, &c., afloat..
100...
500
....
London stock
10"....
1,887,129 1,810,843 2,117,792 2,208,858
Total American
last Indian. Brazil. <£c.—
11-50
1,000...
400....
500....
TOO.,..
900....
700.
100.
400....
li-31
.11-32
11*35
11-42
..
..
500....
228,000.
600....
300....
200....
100....
300...
..
300
100
500..
300....
800....
800....
1246
12*47
12-48
12-50
12-52
Lower.
United States exports
For December.
100...
200...
...11-20
100
11*27
..
1,700....
.13-29
-
.
..
1,500....
13-30
600....
..12-94
j 2,100.
13-27
13-28
—
..12-02
12-33
1,000....
...
..
.
1,500....
1
..
100....
13-17
13-18 !
13-20
1321
1,300....
12-27
12-28
10-29
...
300....
..
13-15
1310
500....
100....
1 500
13-05
13-. 6
..
.
...
....
100
400
For November.
200
.11-25
500.... ......11-27
11-28
500....
11-29
100
11-31
500....
11*33
3.0....
11-34
600....
500....
600
11-36
’1*37
100....
300....
,11-43
11-46
100....
11-46
700....
11-47
600....
11-48
400....
11-49
1,300....
11-50
900....
11*51
900....
11-52
500....
11*53
1,700....
11-54
100....
11-55
500....
11-50
100....
11-57
1,100....
11*01
500....
11*62
100....
11-07
100....
.1L-74
200....
11 75
200...
800.
11*85
500....
11-87
400....
...
2,500
.1292
12-93
..
elaOO
22,800
13-13
1314
Market.
June... 12-82-12-60 12 63
July... 12-92-12-71 12-73
August. 12-97-12-79 12*80
Sept.... 12-62-12-43 12-44
October 11-89-11-70 11-74
Nov.... 11-51-11-43 11-44
Dec’ber 11-51-11-42 11-43
-11-48
Jan’ry
12-5 0
Tr. ord.
Stca iyClosed.
13-09
....
Friday.
—
.
.
Thursday.
High.
..
200....
.12-05
.12-66
..12-96
12-97
.12-98
....
4,000
4,200
2,400
*900....
..12-75
.12-76
..12-77
.12-78
..12-79
..12-80
..12-81
.. ..12-82
..12-83
3,609
3,609
0,200
1,700
5.600.
7,800
5,000
1 3,u00.
4V900
7. 00
»,-0"0
5,000
,
12-91
4,300....
..12*73
200
700
1,400
4,800
12-87
12-83
12-89
1,300....
..
13-02
..
Wednesday.
12 30-12 13 1215 17
April... 12-57-12 47 12-45 46 12-55-12 46 12-51
May ... 12-66-12-48 12-50 51 12-6312-51 12-56 57 12-42-12-15 12-21 23
..
3,100
2,800
12-82
12-83
1284
12-85
3,300....
10,700
e;ooo
10,800.
2,900.
2,100
Futures
For
.
..
■
-12-80
....12-81
2,000....
1,800....
2,2(0
15,000
15,400
11,100
!•>,'■ 00
14,100
10,900
5,100
500
1,400
..
5,400....
3,*00....
.1263
..1264
11,600
2,900.....
12-77
.12-78
2,300...
2,000
5,100
7,400
8,100
'500
12-03
....12-94
12-95
12-96
12*97
12-98
12 99
13-00
4,400
12-76
4,700....
3,900....
..12-47
..12-48
..12-43
..12-50
..12-51
..12-52
..12-60
..12-61
....12-92
...
3,700
6,200
12-75
..
5,900:...
..12-44
..12-45
900
12,000
8,800
4,300.
2,300
.
..
.
12-90
l-c-91
1.700
..
...
12-88
11,800
5,900
2,900
12-73
....
0,800....
..12-39
..12-40
..1241
.1**42
7;8)0.
Ots
Bales.
800.... ......11*55
100....
11*57
1,100....
11-58
1,20"....
11-59
700....
11-00
1,000....
11-82
1.600....
11*05
200....
11-66
000....
....11-67
200.
11-70
800....
11-71
SjO....
11-74
8(0....
11*75
300....
11-76
300....
11-77
300....
11-78
1,100....
11-80
1,400....
11*83
100....
11-84
700....
11-85
1,700....
U-86
300....
11-87
300....
11-88
700....
...11-89
800.
11*95
100....
...11-96
600....
700.
,
..
11-97
300....
11-99
103....
500.,..
600....
12-02
1,000....
1203
700....
3u0....
12-19
200.
800....
,12**0
600....
.1287
...
11,000
9,200
5,700
6,000
...12-71
8,900....
8,200.
2,700.
2,100. ..
1,800 ...
3,400....
4,700.. .
12,300....
.12-35
.12-36
.12-37
..12-38
3,600
6,700
4,600
4,500
6,100.....
1,500
6,000
3,300
3,1"0
3,300
1262
1263
5,400....
.12-29
.12-30
.1231
.12-34
.12-33
...
123-8094 12
2.300
50 ‘
10,300
6,100.
12-60
2,200....
5,500....
3,7 0....
250,300
1,000.
1,000
....
®
.1301
.13-02
.13-03
1,500
2,200
5,200
For July.
12-35
409
1236
4‘J0
1237
400
12-38
300
12-S0
100
12-40
2,200
12-41
600....
12-42
300
1243
3,600
800
...j.12-44
12-45
2,900
12-46
4,000....
12*47
4,000
1248
3,200
12-49
5,*00
12-50
5,200
12-51
1,600
12-52
1,600
1253
1,100....
12-54
600
12-55
2,100....
12-56
1,000
12-57
1,800....
12-58
2,‘200....
12-59
2,0 jO. ...
.13-00
5,600
12-66
12-07
12-68
12-69
12-70
12-78
12-79
12-80
12-81
1282
12V3
12-84
12-85
12-80
2:000
440,300
.12-92
.12*93
.12-96
.12-97
1,800
..
-
.12 87
... .12-88
.12-89
12-90
.12-91
.
.
..
.12-84
.12-84
.12-85
1,600
12*05
1,100
13-15
5,000
13-16
7,400.
1317
8,0 0.....
4,800
....13-19
6,200
1,000
.12-82
900
1.900
4,900
200
600....
.12-80
3,100
1,200
Cts.
12-63
1264
Bales.
Ct8.
Bales.
Cfcd.
.12-66
.12-07
.12-08
.12-69
.12-71
.12-72
.12-73
.1274
4,100
387
THE CHRONICLE.
10, I860.]
April
....
....
181,000
112,000
190,000
307,000
46,643
57.250
36.750
36,683
210,339
23,750
143,000
25,000
10.000
52,750
30,259
....
192,000
43,000
67,250
219,000
45,000
487,750
765,000
504,924
364,000
1,887,129 1,810,843 2,117,792 2,203,858
....
2,392,053 2,174.843 2,605,542 2,973,858
6*8(1.
died.
714d.
6d.
11-79
The above figures indicate an increase in the cotton in sight to¬
night
of 217,210 bales as compared with the same date of 1879,
*00...
.1301
400
3,50"....
a decrease of 213,483 bales as compared with the corresponding
•
12-54
..1303
3,500....
3,000
16,900
1 ;*. 5
date of 1878, and a decrease of 581,805 bales as compared with 1877.
300.... ......13 00
4,900....
1,800
For January.
12-56
500
3,200....
1,500.
In the preceding visible supply table we have heretofore only
200
.11-30
13-02
12*57
400....
..1305
3,000....
5,800
200
11-48
»• 0
12*58
.!3*06
included the interior stocks at the 7 original interior towns
3,800
200...
I 23,000
900....
..1307
1,900
As we did not have the record of the new interior towns for the
200....
12-00
700
1,000....
12-61
500.
800
1310
four years, we could not make a comparison in any other way.
800
200.... ......11-54
12*62 1
200....
..13-11
2,000
That difficulty no longer exists, aDd we therefore make the fol¬
The following exchanges have been made during the week:
lowing comparison, which includes the stocks at the 19 towns
*17 pd. to exch. 100 April for June.
*14 pd. to exch. 109 May for June.
given
weekly in our table of interior stocks instead of only the
•00
*31 pd. to exch. 290 April s. n. 6th for
pd. to exch. 100 April s. n. for
old 7 towns.
We shall continue this double statement for a
June.
May.
*11 pd. to exch. 200 June for July.
*10 pd. to exch. 509 June for July.
time but finally shall simply substitute the 19 towns for the 7
The following will show the range of prices paid for futures, towns in the preceding table.
and the closing bid and asked at 3 o’clock, P. M., on each day in
American—
1880.
1879.
1878.
1877the past week.
Liverpool stock
bales 474,000 475,000 554,000 757,000
5,700
4,300
4,900.
,
1
3,10)....
4,300....
1252
12* 3
600....
...
200.,..
500....
200....
500....
1.100...
11-83
.
.
.
Futures
Saturday
Firmer.
For
Day.
Hirth.
Low.
12-89-12-85
April...
1305-12-99
May
...
-
Closing.
Bid
.
Monday.
Tuesday.
Lower.
Lower.
For Day.
Closing.
For
Day.
High. Low. Bid. Ask High. Low.
12 67 68 12-65-12-57
- 12-83-12-67
05 13 00 12-75 12-76 77 12-75-12-58
92 12-90-12-71
— 13-12-12-89
03 1300-12-81
30 13-21-1300
38 13-27-1307 13 07 09 13-05-12-88
03 12-94-12-72 12-73 75 12 70-12-56
24 12-10-1200 12 00 02 11*99-11-87
88 11*75-11-67 11-65 63 11-62-11-49
85 11-72-11-64 11 63 65 11-60-11-45
Ask
1319
June... 13-20-1314
13-31-13-25 13 29
July
August. 18*39-13-32 13-36
Sept’br. 13*02-13-00 1301
October 12-21-12-19 12*21
Nov’ber 11-87-11-85 11-86
Dec’ber 11-84-11-79 11-83
Tr. ord.
12-fl 0
Closed
Firo1.
...
,
12 7 0.
Barely siteady.
,
Closing.
56
—
74
85
91
57
86
51
11*48 49
12-fc*0
Steaciy.
252,495
5,000
Total visible supply
190,000
367,000
210,339
143,000
192,000
43,000
249,000
57,250
26,750
25,000
10,000
52,750
36,750
67,250
4.3,000
487,750 765,000
504,924
364,000
.1,996,333 1,854,554 2,102,867 2,261,255
.
2,501,257 2,218,554 2,650,617 3,026,255
figures indicate an increase in the cotton in sight
282,703 bales aa compared with the same date of
These
of
388,000
345,000
633,892
133,363
4,000
112,000
30,259
Egypt, Brazil, &c., afloat
<fec...
9,000
333,000
623,000
533,234
108,633
6,000
181,000
46,643
36.683
London stock
Continental stocks....
India afloat for Europe
Total East India,
Total American..
269,000
515,000
479,549
107,005
1,996,333 1,854,554 2,162,867 2,261,255
Total American
East Indian, Brazil, <£c.—
Liverpool stock
Bid.
12*55
12-60
12-73
12-84
12-89
12-55
11-84
11-49
103,000
452,519
709,319
Continental stocks
American afloat to Europe....
United States stook
United 8tates interior stocks..
United States exports to-day..
A
-
Market.
..
to-night
1879, a*
decrease of 149,360 bales as compared with
of 1878, and a decrease of 524,998 bales as
the corresponding date
compared with 1877.
At the Interior
Ports the movement—that is the
receipts
to-night, and for the
corresponding week of 1879—is set out in detail in the following
and shipments
for the week, and stocks
Planting making good progress. The rece’it frost did less
damage than was expected. Average thermomet -r 63, highest
82 and lowest 43.
The rainfall during the month reached four
inch.
inches and
statement:
Week ending
April 9, ’80.
Receipts Shipm’ts
Augusta, Ga
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Selma, Ala
785
365
236
39
587
430
220
362
558
291
Memphis, Tenn..
Nashville, Tenn..
3,439
5,941
494
126
Total, old ports.
5,929
Dallas,Texas. ...
Jefferson, Tex.*..
135
100
650
358
Shreveport, La ..
Vicksburg, Miss..
Columbus, Miss..
Eu/aula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C.„
Bt. Louis, Mo....
Cincinnati, O....
Total, new p’rts
Total, all
*■
This
Stock.
Week ending
April 11/79.
Receipts Shipm’ts Stock.
13,708
11,041
1,995
6,746
2,915
91,688
15,198
1,311
535
69
1.643
750
1,535
1,005
237
2,933
9,976
5,453
C1,407
2,704
688
2,176
5,762
11,547
479
797
38,411
3,167
7,944 143,291
10,549
18,742
63,294
2,099
391
175
300
300
201
257
800
9,401
2,527
1,136
2,305
1,110
1,600
2,049
1,057
3,160
10,360
4,109
1,050
213
175
618
1,486
64
103
42
157
376
40
67
574
428
746
410
2,524
2,420
4,663
3,472
•
•
•
•
.
940
125
230
100
1,950
146
245
356
1,450
137
430
1,274
4,563
1,295
1,564
420
290
463
331
64,158
10,135
5,986
9,672
7,962
8,138
18,007
10,740
7,555
12,268 109,204
20,789
22.470
43,711
13,484
20,212 252,495
31,338
41,212 107,005
680
year’s figures estimated.
that the old interior stocks have de¬
week 2,015 bales, and are to-night 79,997 bales
more than at the same period last year.
The receipts at the same
towns have been 4,620 bales less than the same week last year.
Receipts prom the Plantations.—The following table is
prepared for the purpose of indicating actual movement each
week from the plantations.
Receipts at the outports 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
The above totals show
creased during the
like the following :
receipts from
Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Plant’ns
ending—
1878.
6
13
“
20
“
27
Mar.
5
“
12
-
19
“
26
1880.
1878.
1879.
1880.
1878.
1879.
1880.
173.971
164,059 148,648 168,280 242,013 218,585 358,074 168,692 133,997
140.99:
169,447
161,667
361,880
220,935
137,191
244,494
159,186 167,097
171,608 112.363 240,708 214,117 357,916 133,352 164,790 108 399
Jan. 23
“
30
“
1879.
;
137,138
120,090 150,841 119,854 233,103
109,736 134.328 115.307 226.685
94,349 110,047 102,995 210,935
90.947 83.266 78,451 192,465
82,264 78,490 64,368 169,636
75,723 60,202 49,611 146,653
65.470 60,698 53,419 131,795
Apr.
2
59.886
C ',283
‘‘
9
51,391
4-i 851
190,765 345,975 112,485 127,489
182,246 327.084 103,318 125.809
170,438 316,972 78,599 98,239
165,619 303,279 72,477 78,447
159,418 289,996 59,435 72,28^
141,612 281,047 52,740 42,396
131,463 266,120 50,612 50,549
47,393 119,9rfl 116,879 259.223 48,082 39 699
37.323 108.633 107,005 252.495 40.0&3 34,977
The above statement shows—
1. That the total receipts from
107.913
96.41f
92,883
64,758
51.095
40,662
38,492
40 496
30,595
the plantations since Sept. 1 in
were 37,323 bales, the actual movement from plantations was
only 30,595 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for the
same week were 34,977 bales, and for 1878 they were 40,033 bales.
Weather Repouts by Telegraph.—There has been a-very
considerable rainfall in most sections of ihe South the past week,
with low temperature at some points.
Frost is reported in por¬
tions of Texas, but doing no harm.
Galveston, Texas.— We l ave had a shower on one day, the
rainfall reaching twenty-one hundredths of an inch.
Planting
progressing finely. The weather has been cool, but no serious
damage has resulted. The thermometer has averaged 69, the
highest being K> and the low* st 46.
Last week we had rain
(showers) on two days, the rainfall reaching tli rty hundredths
of an inch.
Planting was making good progress. The corn
killed-down by recent frost was springing up again from root
and is apparently thriving.
Average thermometer 69, highest
76 and lowest 59.
Rainfal1 during the month of March reached
seven inches and tw*- hundredths
Indianoia, Texas — ‘ here nava been drizzles od three days of
the past week, with a rainfall of eleven hundredths of an inch.
Planting is making fine ? rogress, the ground being in better
condition than ever before known at this season of the year. The
thermometer has averaged 67, the highest being S7 and the
lowest 47.
Last week it rained in drizzles two days, the rainfall
Planting maki» g good
reaching six hundr dth-» of an inch.
headway, and the cotton recently killed had been nearly all
replanted.
Corn turned out but little hurt. Thermometer
ranged from 55 to 79, averaging 07. Month’s rainfall reached
two inches and fifty-six hundredths.
Corsicana, Texas.— It lias rained hard at this point on three
days, the rainfall aggr* gat ng three inches and sixty-n ne hun¬
dredths.
It has done no damage, but has rntlier been
beneficial.
Av-rage thermometer 66, highest 94 and lowest 38.
Planting is making good progress.
e have had a frost this
week, but not a killing frost. There were light showers of rain
on two days last wreek, with a rainfall of six hundredths of an
been showers on two days the past
forty-five hundredths of au inch..
Average thermometer 66, highest 94 and lowest 38. We have
had a frost during the week, but it was not a killing trost. Plant
ing is making good progress. Crop accounts are more favorable.
Last week we had showers on two days, the rainfall reaching
ten hundredths of an inch.
Planting was making good progress.
Fruit only partially injured by recent frost, and no other damage
of any consequence.
Heavy rains fell during the week north
of us, but did not reach this !ocality
The thermometer ranged
from 43 to 82, averaging 62. - Rainfall during month of March,
five inches and eighteen hundredths.
Brenham, Texas.—We have had showers on two days during
the week, with a rainf 11 of fifty hundredths of an inch.
The
thermometer has averaged 67, with an extreme range of 44 to
89.
The weather has been too cold, but no serious damage has,
been done. Planting is progressing finely and prospects are ex¬
There was rain (showers) on two days last week, the
cellent.
rainfall reaching ten hundredths of an i ch. Planting progressing
finely. Corn and fruit damaged to some extent by the recent
frost, but not so much as supposed. All the cotton above ground
was killed, but there was not much up.
Average 'hermometer
65, highest 80 and lowest 55. The rainfall during the month
reached five inches and sixty hundredths.
New Orleans, Louisiana.—It has rained
on
three days, the rainfall reaching two
during the past week
inches and sixty-two
The thermometer has averaged
hundredths.
71.
Shreveport, Louisiana.—Telegram not received.
Vicksburg, Mississippi.—It has rained on three days during
the week, and we have had one frost, but not a killing frost.
Columbus, Mississippi.- We have had rain on two days of the
past week, the rainfall reaching two inches and thirty-one hunredths.
Average thermometer 68, highest 86 and lowest 50.
Little Rock, Arkansas.— our days
f the past week have
been clear, with unusually hot weath* r on Sunday and Monday.
Since then it has become very co 1, and rain has fallen on two
days, the rainfall reaching fifty-six hundredths of an inch.
Average thermo&eter 63, highest 92 and lowest 40. Planting
.
progressing very satisfactorily.
have had rain on three days of the
past week, he rainfall reaching ninety-six hundredths of an
inch. 'I he thermometer lias ranged from 86 to 49, averaging 62.
Memphis, Tennessee.— It has rained on four days « uring th©
week, the rainfall reaching fifty-three hundredths of an inch.
We h> d a killing frost last (i hursdav) night.
Plowing is pro¬
ceeding actively. The thermometer has averaged 64 duri g the
we^k, the highest being 87 and the lowest 49.
Mobile, Alabama.—It has been showery one day and has rained
severely one day during the week, the rainfall reaching ninetyone hundredths of an inch.
Average thermometer <>8, highest
85 and lowest 46. During the month f March the rainfall reached
interest
nine inches and
forty-one hundredths.
Montgomery, Alabama.—During the earlier part of the past
week the weather was clear and pleasant, but the latter portion
has been cold, wi h rain on four days, the rainfall reaching on©
and eighty seven hundredths. Average thermometer 65,
highest 90 and lowest 44.
Selma, Alabama.—We have had very heavy rains On two days
of the past week.
The weather has been too cold
Madison, Florida.—We have had rain on one day of the past
week.
i he thermometer has ranged from 40 to 72, averaging
56.
Planting is making good progress.
Macon, Georgia.—It has rainea constantly on one day. and has
been showery two days during to© week, the rainfall reaching
one inch
and sixty-three hundredths.
I he thermometer has
inch
1879-80 were 4,77T,579 bales; in 1878-79 were 4,319,707 bales; in
1877-78 were 4,09w,886 bales.
2. 'That although the receipts at the out ports the past week
is
fifty-eight hundredths.
Dallas, Texas.—There have
week, the rainfall reaching
Nisbville, Tennessee.—We
plantations.
c■
Week
Feb.
Vo*. XXX
THE CHRONICLE
388
lowest 47.
tim e days the past week,
inches and thirty-six hundredths.
averaged 67, highest being 83 and the
Columbus, Georgia.—It has rained on
the rainfall reaching two
The thermometer has ranged from 46 to 88, averaging
Savannah, Georgia.—Ruin has fallen on five
65.
days, the rainfall
reaching two inches and eight hundreths, and the b lance of the
week has been cloudy.
4 he thermometer has ranged from 41
to 87, averaging 67.
Augusta, Georgia.—We have had heavy and general rains on
six days the past week, the rainfall reaching two inch s and
three hundredths, but as the week closes iliere has been a favor¬
able change in the weather.
Planters are giving increased land
,
and planting, though inter¬
of the past week, is making
has averaged 65, the highest
Charleston, South Carolina.—It has rained on three days of
the past week, the rainfali reaching one inch and ninety-seven
hundredths. Average thermometer 65, highest 81 and lowest 41.
The tY Lowing statement, we have also received b» telegraph,
showing tbe height of the rivers at the points named at 3
o’clock ^pril 8, 1880, and April 10, 1879.
to cotton
this year
in this vicinity,
rupted considerably by the rains
good progress. The thermometer
being 90 and the lowest 41.
April 8, ’80. April 10, 79.
Feet. Inch.
Feet. luck*
New Orleans
Memphis
Nashville....
Shreveport...
Vicksburg.
-
-
-.
New Orleans
.Below
.Above
.Above
.Above
Above
high-watermark
low-water
low-water
low-water
low-water
..
mark...
mark...
mark...
mark...
1
28
16
22
43
reported below high-water
5
10
O
O
2
4
24
12
3
35
5
11
4
7
2
mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to
mark of April 15 and 16, 1874, which is 6-10ths of a
1871, or 16 feet above low-water mark at that point.
high-water
foot above
Shipments eince January 1.
Shipments this week.
Year.
Great
Britain.
Conti¬
6,000
9,000
5,000
1880
1879
1878
1877
KURRACHBS.
TUTICORIN, CARWAR, RANGOON AND
CALCUTTA, MADRAS,
&c.—Bagging has not changed in
price during the week, and but little demand is reported. There
is no inquiry for large lots, and only small orders are in market.
Holders are not disposed to accept less than quotations and are
pot pressing sales, and at the close quotations are 10)£c. for
1% lbs., 11 ^[c. for 2 lbs., while standard grades are held at
ll%c. Butts are very firm in price, and some holders are ask¬
ing higher figures. The inquiry is not large, but small parcels
-are moving fairly.
Paper quality is held at 3%@35/bc., and
for spinning grades, but there are some dealers who
Bagging,
Gunny Bags.
389
THE CHRONICLE.
10, 1SW.|
APBIL
4*666
4,6*00
The above totals for this week show
the ports other than Bombay is 6,000
of last year.
For the whole of
Total.
nent.
113,000
89,000
46,000
26,000
39,000
31,000
6,000
87,000
50,000
15,000
44,000
11,000
17,000
8,000
Conti¬
Great
Britain.
Total.
nent.
50,000
that the movement from
bales less than same week
India, therefore, the total
Comparative Port Receipts and Daily Crop Movement.— shipments this week and since January 1, 1880, and for the
A comparison of the port movement by weeks is not accurate, corresponding weeks and periods of the two previous years, are
as the weeks in different years do not end on the same day of the
as follows.
EXPORTS TO EUROPE FROM ALL INDIA.
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con¬
1878.
1879.
1880.
Shipments
stantly have befoie him the data for seeing the exact relative
Since
This
Since
to all Europe
This
Since
This
movement for the years named. First we give the receipts at
Jan. 1.
week.
Jan. 1.
from—
week.
Jan. 1.
week.
each port each day of the week ending to-night.
will still shade these ngures.
PORT RECEIPTS PROM
New
Or¬
O’ ys
of
we'k leans.
Mon
3, ’80, TO FRIDAY, APR.
Char¬ Savan¬ Galnah. vest’n.
leston.
Mo¬
bile.
2,952
3,926
6»t.
SATURDAY, APR.
898
22
1,293
2
1,198
86
514
116
1
257
197
384
1,259
1,943
87
233
431
240
515
488
141
102
485
278
•
Wed
2,206
2,518
Thur
884
Fri..
1,523
248
268
63
279
540
1
1,702
1,248
1,234
1,795
14.009
1,376
2,196
1,265
2,172
8,194
233
7,878
Tuee
Tot.
'
The movement each
month since Sept. 1 has been as
Year
Monthly
Receipts.
1879.
Deoemb’r
January
February.
333,643
888,492
942,272
956,464
647,140
447,91b
March...
264,913
Sept’mb’r
October..
Novemb’r
.
Total
98,491
288,848
689,264
578,533
822,493
779.237
900,119
689,610
472,054
340,525
893,664
618,727
566,824
303,955
years up
5,264
236,868
675,260
901,392
787,769
500,680
449,686
182,937
37,323
*
5,264
4,717
8....
9....
9,222
5,310
39,000
1874.
11,515
9,724
5,973
To Continent
*
A cantar is
1878.
1879.
7,000
7,000
1,552,000
3,198,000
Exports (bales)—
To Liverpool
2,542,000
This
Since
week.
Sept. 1.
Since
This
week. Sept. 1'.
Sinoe
This
week. Sept. 1.
7,000 279,750
986 155,281
6,000 150,000
2,000 67,000
1,000 222,000
3,000 149,000
7,986 435,031
8,000 217,000
4,000 371,000
98 lbs.
that there were no receipts for the
and the shipments to all Europe were
This statement shows
week
ending April 8,
7,986 bales.
Market.—Our report received from
Manchester
Manchester
April 2 stated that prices of twists and shirtings were unchanged,
but that the market was dull and inactive, the election excite¬
ment interfering with business.
We give the prices below, and
leave previous weeks’ prices for comparison.
CggP Our Manchester cable has failed to reach us to-day
(April 9.)
1378-79.
1879-30.
32a
Cop.
Twist.
8% lbs.
Cott’n
Mid.
Shirtings.
Uplds
d.
8.
3
@8
3
@8
6
@8
9
@3
9 @3
9 @8
d.
Jany.30 10*2® 11
Feby. 6 11 @11%
d.
“
13
20
27
5
Mar.
12
19
4,485
7,523
S.
comparison of the
and for the three
shall hereafter receive a weekly
Egypt. The
the
week and for
1880.
Sept. 1
Since
1874-75.
6,441
415,000
Davies, Benachi & Co., of
This week....
receipts at the
S.
46,000
Shipments —Through arrange¬
have made with Messrs.
Receipts (oantars*)—
134,376
536,968
676,295
759,036
444,052
383,324
251,433
1875-76.
369,000
India ports.
Total Europe
1876-77.
a very interesting
affords
the week ending April 8,
April 8.
4,532,385 4,203,843 3,980,400 3,768,151 3,819,964 3,236.243
Percentage of total
9254
91*14
93*31
91*59
94*52
p’rtrec’Dts Apr. 9..
Total
,
259,000
Alexandria, Egypt,
3,185,484
Tot.Mr.31 4,480,842 4,140,519 3,901,825 3,734,592 3,757,682
4,505
S.
8.735
15,764
9,393
5,922
Apr. 1 —
5,976
S.
5,311
“
9,834
5,570
2....
8,298
5460
15,839
«•
6,277
6,649
6,785
3....
6,524
S.
7/94
«
4,836
5,114
S.
11,236
4....
8,578
*“
3,083
9,576
14,158
5,191
5....
8,237
8.487
4,483
*“
S.
4,915
5,817
6....
6,338
6,045
S.
10,114
3,164
10,317
6,243
7....
«
32,000
15,000
cable of the movements of cotton at Alexandria,
following are the receipts and shipments
past
the corresponding weeks of the previous two years.
follows:
169,077
610,316
740,116
821,177
637,067
479,801
300,128
to March 31 the
1877-78.
1878-79.
389,000
Liverpool and Alexandria, we
4,717
different years.
1879-80.
24,000
to date, at all
ments we
ports this year were 340,323 bales more than in 1878-79 and
579,017 bales more than at the same time in 1877-78. By adding
to the totals to March 31 the daily receipts since that time,
we shall be able to reach an exact comparison of the move¬
ment for the
170,000
89,000
39,000
17,000
Alexandria Receipts and
3,185,484
Tot Mh.31 4,480,842 4,140,519 3,901,825 3,734,592 3,757,682
Pero’tage of tot. port
91*09
89*66
92*48
97*78
93 10
reoeipts Mar. 31..
This statement shows that up
276,000
113,000
total movement for
6,243
1875.
1876.
1877.
13,000
11,000
This last statement
6,524
8,237
6,338
Beginning September 1.
1878.
p’rts.
ton.
606
493
•
Total.
ming¬ others.
36
110
•
All
2,060
1,194
267
•
Bombay
All other
Wil¬
Nor¬
folk.
9. ’80.
lll8@ll%
ll12@121e
11*8 5>l2
1138@12
@8
4*2®8
@ 11*2
4*s@8
4i2@8
26 11
2 11
April
6
livens*
11
®1112
@11L>
32s Cop.
Twist.
Shirtings.
Uplds
d.
758@812
5%
53s
53s
Yia® 838
412®7
5*16
7*2®8*4
738@818
3
738@818
O
7*8^8*4
778@83s
3
d.
7%@812
7%®8*2
3
3
3
Cott’n
Mid.
d.
s.
6 @7
6 @7
6 @7
d.
d.
6
6
6
9
9
9
3
8*4 lba.
1L*@7
The Exports of Cotton from New
decrease, as compared with last week,
bales, against 8,190 bales last week.
received to April 9 in each of the Years named. •
India Cotton Movement from: all Ports.—The
for the same
t*ie
538
@7
@7
59,6
51*16
51*16
412®7
8*4®^%
that the receipts since Sept. 1 up to
to-night are now 328,542 bales more than they were to the same
0*8
@7
6
®7
York this week snow .a
the total reaching 7,464
Below we give our usual
day of the month in 1879, and 551,985 bales more than they table showing the exports of cotton from New York, and their
were to the same day of the month in 1878.
We add to the last direction, for each of the last four weeks; also the total exports
table the percentages of total port receipts which had been
and direction since Sept. 1, 1879, and in the last column the total
This statement shows
figures
which are now collected for us, and forwarded by cable each
Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
•omplete India movement for each week. We first give the
Bombay statement for the week and vear, bringing the figures
down to
April 8.
BOMBAY RECEIPTS AND
Shipments this week
Year Great
Conti¬
Brit’n.
nent.
1880
1879
1878
5,000
lo'o'oo
1877 113,000
SHIPMENTS FOR FOUR
Shipments since Jan. 1.
Great
Total. Britain.
Conti¬
nent.
8,000 13,000 113,000 163,000
15,000 15,000 60.000 110,000
29,000 39,000 154.000 215.000
36,000 49,000 193.000 169,000
Total.
Receipts.
This
Since
Week.
Jan. 1.
Exported to—
Other British
ports
663
and Hanover
.,..
.......
North. Europe
535
39
677
574
677
393
507
■s>
■
10,752
100
113
19,635
10,852
198
23,010
13,151
2,324
13,529
2,202
38,485
16,366
198
635
5,610
3,206
Ac
—
19,635
3,206
...
1
Grand Total
4,812
7,153 269,225 198,736
114
Spain, Op’rto, Gibralt’r,&c
Total Rpatn.
year.
V--
Tat at. Vbpat.H
All other
7.
113
663
Total to
date.
period
previ’us
7,006
8,394 7,683
Britain 9,353
FTn.ni! ill r^r
Apr.
300
ports
*
Bremen
Total to
8,094 7,683 .7,153 262,219 193,924
9,353
Liverpool.__
Mch.
31.
Mch.
24.
Mch.
17.
Other French
455,000
316,000
475,000
517,000
Same
Week ending—
Havre
,
According to the foregoing, Bombay appears to show an increase
compared with last year in the week’s receipts of 7,000 bales, anc
a decrease in shipments of 2,000 bales, and the shipments idnce
January 1 show an increase of 106,000 bales. The movement at
Calcutta, Madras, Tuticorin, Car war, &c., for the same week anc
years has been as follows.
period of the previous year.
Cotton (bales) from New York since Sept. 1.1879.
Total to Great
YEARS.
276,000 48,000
170,000 41.000
369,000 36.000
362,000 66,000
Exports of
10,590
1
9,071 *8,190
5,61G
7,464 330,551 231,564
CHRONICLE
THE
320
The ^Following are the Receipi's of Cotton at New York
Boston, Philadelphia and Baltimore for the past week, and sioce
Market,
12:30 p.m.
Boston.
New York.
Receipts
This
Since
This
This | Since
week. jSept. 1. week. Sept. 1. week.
from—
N. OrPans
Texas....
Savannah
Mobile...
Florida.
S.Car’lina
N.Car’lina
3,194 146,581
Virginia..
1,087
Tenn.. Ac.
2,410 174,351
94,038
888 175,302
2,186
"i50
.
209
546
13
North, pts
23,545
2,869
36,385
27
167
Market,
5
P. M.
Sales
1,355
65
”ioo
and
firmer.
7^4
73a
7^16
73s
738
75ie
77ie
T’Le
73s
——
10,000
2,000
•
.
12,000
8,000
6,000
5,000
7,000
2,00C
1,000
1.000
500
1,000
Futures.
68
539
45,019
Market,
9,751
9,714
70,922
P. M.
’763 57,615
J
Barely
steady.
Steadier.
Weak.
Firm.
Steady.
'
Heavy.
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,
unless otherwise stated.
462
’
1
15,000
2,664j372,403
770,862i
8,810 273,042
790
80,464
2,062 160,553
1,657 72,168
1,908 141,084
Delivery.
d.
Delivery.
June-July ...7ii32,a'6i6 Oct.-Nov
July-Aug
71132 April
June-July
Aug.-Sept
738
Delivery.
d.
April
7»33
Apr.-May
7932
May June
75lfi
'2>932/2)516
of cotton from the United
week, as per Latest mail returns, have reached
61,379 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
night of this week.
Shipping News.—The exports
States the past
New York—To Liverpool, per steamers
April
Apr.-May
May-June
June-July
July-Aug
Aug.-Sept
Spain, 1,811— City of
of Montreal, 1,291
Scythia, 835
City of Pekin, 925
per ships Bhotan, 1,911
King Cenric, 380
To Havre, per steamer France, 113
To Bremen, per steamer Main, 198
New Orleans—To Liverpool, per steamers Statesman, 1,684—
Amazoneuse. 1,990—Agia Sofia, 6,066
Texas, 2,525
per ship Mount Pleasant, 5,536
.8erra, 3*500
To Helsingfors, per hark Australia, 2,100
To Barcelona, per ship Voludora, 769.. ..per hark Filadeltia,
...
7,153
Delivery.
April
April-Mar
May-June
5,227
Reval, per ship Alexandra, 3,325 Upland
Barcelona, per bark Naja, 1,565 Upland—per brig
Gratitud, 640 Upland
Texas—To Bremen, per hark Harmonie, 1,885
Norfolk—To Liverpool, per ship Vice Reine, 5,610
June-July
July-Aug
1,885
5,610
Delivery.
April
Apr.-May
717
matiau, 261
America, (additional) 500
-
241
2,812
80
Total
61.379
particulars of these shipments, arrang -d in
follows-
May-June
June-July
July-Aug
Aug.-Sept
1,334
■
Bohemian, 1.075
Philadelphia—To Liverpool, per steamer Pennsylvania, 80—
our
Liver-
Havre.
pool.
New York... 7,153
N. Orleans... 21,301
Mobile
5,227
Savannah
4,837
Texas
men.
113
198
....
....
....
....
.
....
...
....
Norfolk
Baltimore...
5,610
Boston
2,812
....
1,885
Helsin g- Barce- Vera
fors.
Iona. Cruz.
Reval
....
....
....
3,325
....
....
2,100
721
....
....
....
....
....
....
....
•
....
1,661
2,205
.....
....
....
'
....
....
717
.
.
.
.
1,334
....
..
.
....
-
-
-
•
....
....
-
....
-7*32
-7*39
7*4
Aug.-Sept
:5>S,
-75ie
73i«
Oct.-Nev
75jg
7732
Delivery.
Aug.-Sept
May-Juue
7732
67s
77s2
June-July
Aug.-Sept.
77a2
734
7933
7732
.
Delivery.
Sept.-Oct.
7*8
April
7316
7 3i6®°32
May-June
...62»32
Oct.-Nov
7532
7532
7532
73i«
73l6
7732
Delivery.
Delivery.
Apr.-May ...‘
8ept.-Oet
7*8
73jft
Nov.-Dec. 658<#i932a;5g May-June
73ig'5)<32
June-July
7732
April
7310
Jim c-July
7732
July-Aug.
73] 6
Sept.-Oct
Aug.-Sept
7*4
7532
April
Sept.-Oct
7310'S) 532
-7732
.
-
Friday:
Dclire.'v.
usual
Total.
July-Aug
Aug.-Sept
Sept.-Oct
....
7,464
7%
Delivery.
Sept.-Oct
75^2
69]0
April
Apr.-May
7*8
May-Juue
Delivery.
April
73j 0 2 532
Apr.-May
7316@5.i2
May-June
73i6@5,32
June-July.. ..7316^532
are as
Bre-
May-June
June-July
July-Aug
Thursday.
456—Sar-
steamers Bavaria. 1,496—Atlas,
July-Aug
Aug.-Sept
Apr.-May
June-July
..7M
63i32
71132
738
(
Delivery.
7*4
75,32 j Aug.-Sept
Nov.-Dee
.l..65s
7532
Apr.-May
7316
7532
7316 | Aug.-Sept
7732
7732 !
2,205
—
per
Oct.-Nov
Wednesday.
4,837
3,325
To
To
Hermann, 834
Boston—To Liverpool,
I
Delivery.
Delivery.
7H32'5)3i0 April
Sept.-Oct
Delivery.
7732'2>3i6 Aug.-Sept
8ept.-Oct
May-June...
73i«
'®732®316 Oct.-Nov
April
June-July
J uly-Aug ..7932'2/ x4 Apr.-May
1,661
721
100
1,501
steamers
1
April
21,301
2,100
AVANNAH—To Liverpool, per ship Alfred, 4,837 Upland.
To Bremen, per
I
_
-.71i32®“i6
7H32®3i6
-..7H32®5i6
—738®1132
7 i3,o-5)38
:7i6
Delivery.
113
198
brig Stella,
Baltimore—To Liverpool, per steamers European,
7&ie
71132
Tuesday.
892
To Vera Cruz, per steamer City of Mexico, 721
To Tampico, per steamer City of Mexico, 100
Mobile—To Liverpool, per ship Rhoda, 3,726
per
d. '
619^
Monday.
Delivery..
Total bales.
The
73ie
7516
Dull
and
easier.
’
dull.
Saturday.
Last year. 15,111
form,
Very
54,704
2,905
This year. 10,733 944,094
r
Dull
and
easier.
73s
?
Spec.A exp.
14,930
A
shade
easier.
Active
and
firmer.
Active
Friday.
'
J
2,575
31
1,085 128,735
1.412 134,529
Since
Sept. 1.
5,279
i‘,290
6,650
104,0*0
39,532
195,693
6,022
50
Foreign..
.
This
week.
Since
Sept.l.
?
$
Mid. Upl’ds
Mid. Orl’ns.
Baltimore.
Philadelphia.
Saturday Monday. Tuesday. Wednes. Thursd’y
Spot.
September 1, 1879:
fVOL. XXX.
731G
73] 6
7*8
June-July
July-Aug
Nov.-Dee
May-June
April
7*8
Aug.-Sept
Anr.-Mav
7*8
Sept.-Oct
July-Aug...
718
„
7333
7332
7333
7333
7*32
7ii6®13fi
25.883
5,227
10,367
1,885
5,610
2,051
2,812
i
BREADSTUPPS.
Friday, P. M.,
Trade in flour has been dull for all
April 9, 1880.
descriptions. Shippers
operated sparingly, and the local trade purchased only to sup¬
721 61.379
113 3,117 3,325 2,109 3,866
Total.... 47,737
ply immediate wants. There was an effort of a speculative
Included in the above totals are. from New Orleans 100 hales to Tamcharacter to check the downward course of values, but it had
pieo.
only a momentary effect. Yesterday good lines of common
Cotton freights the past week have been as follows:
shipping extras could be had at $5 and under.- To-day the
market was dull and depressed. Production is quite full. Rye
Tues.
Mon.
Wednes. Tliurs.
Fri.
Satur.
flour and corn meal are quiet and nominally unchanged.
34
3ig®14 310® *4 31G® 14
Liverpool, steam d. 3]0-g)34 •ho® *4
The wheat market opened strong, bur, the export demand fell
Do
sail., .d. 332®316 532*31G B32®316 522®31G B32®316 332® 31
off under dull foreign advices. Chicago reported large shipments
Havre, steam—e. Lj®91G* 32@916* 1s'a>9i0* ■*2® *16* 12'2i916* *2®916
for the seaboard, and prices again gave way, until yesterday sales
Do
c. 718® *3
sail
716®^ 716'®1C 7ig®1o 716®1C 7ig® *2
12®916* 1g®916+ were made of No. 2 spring at $1 25 a $1 26; No. 6 do., $1 18; No.
Bremen, steam, .c. L>®916* 12®916 * Lj2>9]6*
sail
Do
c. 710@12
7ie/2>1c 7ig®^ 71G® *2 * 716SL2 716/S>12
2 red winter afloat, $1 36; No. 3 do., $.1 28J, and No. 1 white,
Hamburg, steam, c. 12 0)91G+ 1C®916* Lj<2>9]6* Li'S ^]G* 32®916* 12@916*
lo
$1 31 a $1 3U, with sales of futures including No. 1 white at
*2
*2
Do
sail.-.c.
32
5'916
LiS910
32®91G
3c®9ig
$1 28£ for May and No.. 2 red winter at $1 33£ for May and
Amst’d’ra, steam.c. 12®9iG
...@
...@
...ft
...g>
Ho
sail
.c.
$1 31$ for June. There was, however, in the latest, dealings
Baltic, steam
d. 38'2;716 38®716 3s2>716 383>716 38<Z>71G 38'2'7i6
some recovery from these prices.
To-day the market opened
Do
sail
d.
stronger,
but
receded
at
the
close.
Receipts
at the West compare
Compressed.
more favorably with last year.
Liverpool.—By cable from Liverpool, we have the following
Indian corn has further declined under the large supplies
statement of the week’s sales, stocks, &c., at that port:
coming forward to the seaboard. No. 2 mixed sold yesterday
at 51/£@52c., spot and April, and 47M@49c. for May. Other
Mar. 25.
Mar. 19.
April 2.
April 9.
To-day spots
42,000
31,000
31,000
54,000 grades continue scarce and are less depressed.
Sales of the week
bales.
15,000 were rather firmer, but futures were without improvement.
35,000
12,000
22,060
Forwarded
14,000
25,000
25,000
42,000
Sales American
2,000
3,100
3,000
4,300 The receipts at the West are double those of last year.
Of which exporters took
3,000
1,L70
1,000
2,200
Of which speculators took..
Rye has declined, the sales of yesterday including 40,000
626,OUv
573, UOO
578,000
655,000
Total stock—Estimated
421,000
455,00<
419,000
474,000 bush, prime State at 90c. in store.
Of which American—Estim’d
Barley has met with a fair
50,000
95,000
55,000
97,000
Total import of the week
demand
at
full
prices.
44,000
70,0(X
31,000
72,000
Of which American
4.400
4,000
4,000
6,500
Actual export
Oats have been extremely variable and unsettled, the better
345,000
350,000
349,001
335,000
Amount afloat
256.00<
264,000
256,000
232,000 grades of white having realized much higher prices.
Of which American
The
The tone of the Liverpool market tor sputa aud tutuica eaon day 01 tue
speculation in futures was less active. The close to-day was
week ending April 9, and the daily closing prices of spot cotton, have
quite irregular; No. 2 mixed for May, 39c.
-^•enaa follows:
*
Philadelphia
80
....
....
....
....
....
....
....
....
....
....
—
....
.
*
....
'
-
80
following
The
THE CHRONICLE
10, 3680.J
April
are
will be much
closing quotations:
$ bbl.
and
Superfine State
Western
Spring wheat extras..
ao XX and XXX...
Winter shipp’g extras.
do XX and XXX...
Patents
$3 10®
4 20®
4 70®
5 25®
4 85®
5 50®
6 25®
mixed.. 5 25®
City shipping extras. 4 80®
Southern, bakers’ and
family brands
5 75®
South’n skip’g extras. 5 10®
Western rye,
Rye flour, superfine..
Corn meal—
Western, &c
Brandywine, Ao....
3 75
Wheat—
4
5
6
5
6
7
5
5
No. 3 spring, *) bu.$l
No. 2 spring
1
1
Amber winter
Bed winter, No. 2 1
White
1
No. 1 white
1
Corn—West. mixed
West’n No. 2, uew
West, yellow, uew
West, white, new
50
00
40
30
50
50
65
50
-
...
6 75
5 60
5 00
4 60®
improvement in the demand by package buyers.
jobbing trade has been irregular, and while staple domestics
and prints were relatively quiet there was a well-sustained de¬
mand for many kinds of department goods, near-by retailers
having been the principal buyers. Values were steadily main¬
tained by manufacturers’ agents, but there was some tendency
toward “ cutting prices” on the part of jobbers, and concessions
were made on certain makes of cotton
goods, &c. (bought before
the late advance), in order to stimulate business and reduce
The
GRAIN.
FLOUR.
No. 2:
391
Eye
Oats—Mixed
White
18
24
28
36
25
31
49
52
54
55
87
39
43
80
70
62
®1
®1
®1
®1
®1
®1
20
26
36
®
®
53
3612
32
3112
52^
55
57
90
42
48
®1 05
®
80
70
®
®
95
®
®
@
®
®
accumulations.
Domestic Cotton Goods.—The
exports of domestics hence to
foreign markets during the week ending April 6 were 1,646
83
packages, including 1,012 to Great Britain, 211 to Hayti, 159 to
U. S. of Colombia, 96 to Venezuela, 93 to Mexico, &e. There was
(From the “ New York Produce Exchange Weekly. ’)
Receipts of flour and grain at Western lake and river ports very little change in the condition of the cotton goods market,
for the week ending April 3,1880 :
and there was a comparatively light demand,; and a considerable
Flour,
Wheat,
corn,
Oats, Barley, Eye,
shrinkage in the price of the staple values was steadily main¬
bush.
bbls.
bush.
bush.
bush.
bush.
Atr(196 lbs.) (60 lbs.)
(56 lbs.) (32 lbs.) (48 lbs.) (56 lbs.) tained by agents representing the most popular fabrics, because
47,728 163,9161,202,488 215,210 25,334 10,257
Chicago
Brown and
Milwaukee
39,605
75,095
30,306
14,587 19,945
8,625 of the unprecedentedly light stocks on hand.
275
Toledo....
205,470 719,792
17,767
'
bleached cottons were quiet and steady, and there was a mod¬
Detroit
6,065
225,329
8,591
14,113
6,560
58
Barley—Canada W.
2 90
2 60®
3 20®
State, 4-rowed...
State, 2-rowed..’.
Peas—Can’da,b.&f.
.....
‘
......
Cleveland
Bt. Louis
Peoria
Duluth
2,007
25,151
9,400
179,094
91,350
706,030
20,000
72,693
5,200
......
16,467
2,372
6,361
7,100
263,175
75,900
*±,000
9,900
......
erate hand-to-mouth demand for the various makes of colored
and
Flint cloths ruled quiet and nominal at 5/£c.
dyed cottons.
asked for 64x64s and 4%c.@5c. for 56x60s.
Prints remained
hands, and the jobbing trade was less active than
127,192
865,604 3,021,732
430,270
77,506
31,212
dull in first
Same time ’79. 123,371
786,868 1,440,985
440,225
54,436
32,272
expected; but printed lawns, jaconets and wide prints were in
steady request, and ginghams and cotton dress goods met with
Total
Total
receipts at
for four years:
same
ports from Jan. 1 to April 3, inclusive,
1879.
1880.
1877.
1878.
1,457,994
1,740,023
1,551,140
1,079,982
Wheat..... bush.
10,884,443
15,263,665
Corn
Oats
34,806,665
5,482,227
18.975,717
5,793,417
14,323,594
17,579,935
4,205,001
15,636,644
3,408,468
1,733,236
1.719,116
751,063
2,070,650
924,455
1,520,983
42,502,978
40,008,855
25,320,713
bbls.
Flotfr
Barley
619,544
Rye
53,526,115
grain--..
Total
5,110,221
549,611
Receipts of flour and grain at seaboard ports for the week
April 3:
ended
Wheat,
Flour,
Corn,
Oats,
3,025
bush.
bush.
bush.
701,000 1,542,020 288,803
14,416 3 ±7,775 71,575
59,994
40,881
200
5,599
3,010
Philadelphia
15,330
187,300 1,252,400 148,800
Baltimore
14.296
616,600
850,400
26,200
New Orleans
15,613
113,886
343,509
87,968
bbls.
82,201
29,11 L
2.500
At—
New York
Boston
Portland..!
Montreal
Barley,
Eye,
bush.
bush.
......
Total week
162,076 1,689,795 4,376.985 626,556
Cor. week ’79.... 202,935 1,774,066 2,453,571 560,361
And from Jan. 1 to
.
2,298,616
...bbls/
8,656
4,500
3,0o0
29.943
14.656
63,588
59,900
3,000
April 3, inclusive, for four years;
1880.
Hour...
11,594
6.050.
7,399
400
1879.
2,677,864
1878.
1877.
2,234,838
considerable sales.
Domestic Woolen Goods.—The tone of the woolen goods mar¬
buoyant and firm, owing to the steady appreciation of
staple; and further large deliveries of clothing woolens,
flannels, &c., were made to the clothing trade in execution of
back orders, but new business was of limited proportions. For
fancy cassimeres, suitings and cheviots, the demand was almost
wholly confined to small parcels of the finer qualities adapted to
the requirements of cloth jobbers, and worsted coatings (which
are largely sold ahead of production) were relatively quiet.
Cloths and doeskins were lightly dealt in, and the demand for
overcoatings was strictly moderate. Transactions'in Kentucky
jeans and satinets were chiefly restricted to making deliveries
on old orders, but prices ruled steady.
Flannels, blankets and
carpets were severally quiet as regards new business, b\it nearly
all makes are sold ahead, and prices are very firm. Worsted
dress goods were in light request aside from plain and lace
buntings, which continued in good demand.
ket
was
the
Foreign Dry Goods.—There
1,721,323
was
.
’
less active demand for
a
imported goods at first hands, but a fair distribution of nearly
all foreign fabrics was reported by jobbers. Dress goods were
3,215,925
4,726,634
in moderate request, and the most staple fabrics are firmly held
1,800,416
1,257.171
1,183,019
Barley
640,794
909,724
285,174 here and at the sources of
266,175
Rye
supply in Europe. Silks were in
50.318,138
24,727,569 irregular demand, with most relative activity in fine black and
Total grain
52,274 451
50,109,933
Exports from United States seaboard ports and from Montreal colored silks. Linen and white goods, laces and embroideries
for week ending April 3:
were in steady though moderate request, as were hosiery and *.
Wheat,
Oats,
Peas,
Eye,
vx»rn,
Flour,
gloves; but men’s-wear woolens ruled quiet.
bush.
bush.
bush.
bush.
bush.
bbls.
From—
Whoat...
Corn
Oats
bush.
..
11,209,806
32,405,948
4,971,883
I*7,574,261
26,307,812
20,773,629
24,9,50,375
..
1,494,339
18,756,771
3,839,435
842,850
....
New York*
....
Roston
Portland!
5,427
42,142
19,535
831,025
1,459,022
1,998
341,515
2,500
60,194
40,000
195
736,483
593,066
605
13,027
8,101
Importations of Dry Goods.
15,993
importations of dry goods at this port for the week ending'
April 8, 1880, and for the corresponding weeks of 1879 and
Montreal
Philadelphia..
3,625
281,331
Baliimor*
7.517
4''9,077
1878, have been as follows:
ENTERED FOR CONSUMPTION FOR TTIE WEEK
; 5.319
1.•83,625
3.170,089
6,227
13.027
Same time’ 79. 109,207
1,450,728
2,020,027
3.257
71,649
Total ftrr-v'k
*
20 busk,
barley,
24,094
25,026
t 7,399 bush, barley.
The visible supply of
at the principal points
grain, comprising the stocks in granar)
of accumulation at lake and seaboard
ports, and in transit by lake and rail, April 3, was as follows:
Wheat,
.
-hush.
-
Oats,
Corn,
bush.
bush.
Total April 3, ’80. 24,382,845 15,163,948
Mai*. 27. ’80
24.226,709 16,698,308
Mar. 20, ’80
25,864,237 15,599,083
Mar. 13, ’80
27,046,506 14,979,402
Mar. 6, ’80
27,259,552 14,970,644
Apr.
Barley,
bush."
2,769,185 2,033,927
2,993,794 2.227.583
2,914,671 2,638,464
2.847,509 3,470.690
2,804,575 3,509,077
Eye,
bush.
690,543
Manufactures of—
Wool
Cotton
SiLk
.
Miscellaneous
$’
485
332,392
186,333
336
846
444
823
125,973
2,128
Friday, P. M., April 9, 1880.
During the past week there was a continued lull in the de
mand for most descriptions of dry goods at first hands, and,
though fair deliveries of seasonable goods were made by agents
on account of former orders, the volume of business was strictly
moderate. It has of late become apparent that jobbers are well
supplied for the present with nearly all staple fabrics (which is
not to be wondered at in view of the very heavy movement that
has taken place since last October*, and until the retail trade
assumes a greater degree of activity, it is not likely that there
306
198
128
385
3,820
Total
Ent’d f orconsumpt.
4,837
402,314
3,574 1,062,054
market...
8,411 1,464,368
Total
on
ENTERED FOR WAREHOUSE
Cotton
Silk
Flax
Miscellaneous
Total
nfc’d for consumpt.
Total at tfhA nn~t
-
125,971
67,181
69,321
86,769
62,940
348
250
103
374
1,575
412,181
2,650
3,574 1,062,054
n o'M
i
174. o*j-
365.185
474,471
723,910
290,778
216.186
THE MARKET DUR¬
71,995
246
190
124
338
2,594
40,910
2,248
99,020
53,948
115,023
83,364
30,525
381,880
332,630 3,146
3,487
4,677 1,007,698 10,817 2,070,539
8,064 1,340.328 13,963 2,452,410
DURING SAME PERIOD.
Manufactures of—
Wool
977
1,298
6,205
100,679
49,634
69,412
,
Miscellaneous
1,408
267
172
86
368
117,867
50,237
111,399
84,738
38,073
929
4,577 1.007,688 10,817 2,070,539
Manufactures of—
Wool
Cotton
Silk
Flax
Value.
$
133,590
26 L, 662
274,625
178,015
159,776
8,51,162
820,612
Pkgs.
$
125,184
292,172
3,574 1,062,054
Total
Value.
Pkgs.
348
996
812
933
Flax
1880.
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.
THE DRY GOODS TRADE.
Value.
Pkgs.
ENDING APRIL 8, 1880.
1879.
1878.
680.498
775,281
18,535,997 12,522,451 2,214,697 2,337,209 1,103,799
5, r79
The
94,628
327
116,207
219
125
855
56,857
96,187
161,637
1,690
35,549
59,894
32,560
78,747
2,609
69,919
2.257
301,378
4,135
^500,807
210
139
86
132
.
4,577 1,007,698 10,817 2,070,539
o
Q3 4
i
*5--n r\n<'
14
i>ro
(Vol. XXX
CHRONICLE.
THE
:-D2
Insurance
Financial.
Financial.
J. H. Latham & Co.,
J
S. Bailey,
E.
PINE STREET.
7
BROKERS IN
Dealing
EXCHANGE,
United States, Chicago, Cincinnati, St. IiOnis,
District of Colombia Bonds,
FOREIGN
AND
SECURITIES,
WILLIAM
52
t
OTHER
INVESTMENT
J. H. Latham.
they will be sold on commission,
The United States *
1880.
Life Insurance
AND BROKERS,
BANKERS
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD uN COMMISSION.
C. A. Buttrick, Member of the N. Y. Stock
Wm. Ellima n. Mem oer of the N.Y. Mining
Assets,
MANUAL
A
FOR
LIFE INSURANCE
hav
notice from
the Policy
RESERVE
Should the drath of the insured take place during
the continued term of insurance as provided for
above, the full face of the Policy will be paid—n*
deduction being made for foreborne or unpai#
premiums, excepting in the event of the deatt
occurring within three years after the original
Mercantile Failures.
York.
New
including
8TOCKS and BONDS for
Banking Business,
Transact a General
purchase and sale of
eash or on margin.
the
and Sell Investment
P. O. BOX
Securities.
2.647.
Wayland Trask.
H. J. Morse.
J. D. Probst & Co.,
No. 52
STOCKS,
EXCHANGE PLACE, NEW
Railroad Bonds,
Miscellaneous Securities,
Balance, U. S.
Commerce, Trade
RESTRICTIONS
Exports and Imports of
Articles.
Year, Bank
Governments, and
Bought and Sold.
CONDITIONS in regard to travel, residence,
occupation and cause of death are removed, thus
making the Policies, after three years, INCONTESTIBLE FOR ANY
CAUSE, EXCEPTING
and
London—Review of
Returns, &c.
MarketInfluences, and Prices of Call Loans and
Commercial Paper since 1872.
The Money
YORK.
default.
The new form of Endowment Policy provides
That if the ENTIRE RESERVE is a greater sum
than the single premium required to carry the full
amount of insurance to the end of the endowment
term, the excess shall be used as a single
to purchase a pure endowment, payable at
of the term, thus guaranteeing to the
in eveir event the full value of his Reserve.
NO SURRENDER of the Policy is required; only
a notice from the
policy-holder, on blanks fur¬
nished by the Company.
AFTER THREKYEARS, ALL
premium
the end
policy-holder
Commercial-
Leading
BROKERS,
AND ROND
STOCK
Financial —
United States—National Bank Figui ss and
Currency Movements. ,
New York City—Bank Returns, <fcc.
London—Money Market and Bank Returns.
Rankins and
United States—Foreign
FRAUD.
The Company
*
irs
John B. Manning,
**
No.
Street, New York
14 Wall
SOUTHERN
A
City,
SECURITIES
HOME
and Coupons
Investors
State, Municipal and Pailway ‘’onds
bought and sold at best market rate*.
or
dealers wishing to Duy or sell are Invited to communleats with us.
Member of the New York -tock Exchange.
~
———■
■
■
—'
~ "
' ''*
—
Fisher & Sons,
BANKERS
Xml Dealers
in Governments,
Investment Securities,
Coin, 6c
STREET
BALTIMORE, MD.
Parchaae and sell Governments and Coin.
Gold constantly kept on hand for the supply of Mer¬
chants, for duties.
Bonds and Securities of every description bought
and sold on Commission Orders, waich have direct
personal attention.
Especial attention Is given to Investment Securities
of the higher grades, quotations for which are fur.
2 SOUTH
Second St
^
wished as
required.
Correspondence
mulations of Money
BANKING HOUSE OF
G. W. Norton
P. F.
KENTUCKY.
305
ST.
the Rate Per Cent Realized
different prices.
Stock Speculation in New York.
Securities Purchased at
United States
Debt of the
Debt and Securities—
119 BROADWAY.
Semi-annual Statement,
Fifty-Third
SHOWING THE
CONDITION OF THE
DAY OF
COMPANY ON THE FIRST
JANUARY, 1880.
$3,000,000 00
1,841,438 00
248,764 81
1,320,785 30
$6,410,988 11
CASH CAPITAL
Reserve for Re-insurance
Reserve for Unpaid Losses
Net
Surplus.....
Cash Assets
‘
SUMMARY OF ASSETS
the. PAYprotec¬
INSURANCE:
Held in the United States, available for
MENU of LOSSES by FIRE and for the
tion of Policy-Holders of FIRE
.'...
Cash in Banks
Bonds and mortgages, being first lien on
real estate (worth $4.171,400)
United States stocks (market value)—
Hank stocks (market value)
State and municipal b’ds (market
United States.
$233,299 22
1.866,653 05
3,184,125 00
State Debts and Securities—
200,702 50
value) 237,859 50
State Debts and Immunity from Prosecution.
Loans on stocks, payable on demand
Prices of State Securities, 1860-1880.
(market value of securities $543,592).
418,670 00
54,870 66
Interest due on 1st Jauuary, 18b0
Balance
in
hands
of
agents
154.114 87
Railroads and their Securities—
*■
Real estate
54,125 91
Premiums due and uncollected on poli¬
Railroads in the United States.
cies issued at this office'.
6,507 38
Railroad Earnings.
$6,410,988
11
Total
The New York Stock Market, 1860-1880.
CHAS. J. MARTIN, President.
J.H WASHBURN, Secretary.
Prices of Railroad Bonds, 1872-1880.
Prices of Railroad Stocks, 1860-1880.
MARINE AND FIRE INSURANCE.
Prices of U. S.
Price of tbe
Keleher & Co.,
BANKERS AND
Huy and sell
& Co.,
CAPITAL:$200,000.,
LOUISVILLE,
Table Showing
in a Series of Years.
Company
YORK,
Bonds, 1860-1880.
.
solicited.
CASH
OFFICE,
in New York, 1870-1880.
SpeculationCompound Interest Table, Showing Accu¬
on
,
NEW
OF
Investments and
m
Wm.
Insurance
United States.
Foreign ExchangeMarket and Prices
SPECIALTY
Review, In Cloth—$2
To Subscribers of the Commercial
& Financial Chronicle
\
>
00
,
x uu
BROKERS,
Olive Street,
WILLIAM B, DAM &
IjOUIS, HO.,
Government, State, County.
CO.,
COMMERCIAL
Mutual Insurance Co.,
Nos.
57 and
59 William
Township
Municipal Bonds. Coupons collected. Missouri
Bonds a specialty. Foreign exchange bought and sold
INSURES
79 6c 81
William Street, N. Y.
MARINE, FIRE
Swan & Barrett,
BROKERS
London
T
200 Middle Street,
PORTLAND, MAINE,
Government, State, County, City and Railgood Bonds, Bank Stocks, &c.
j^Mirable Investment Securities constantly 9ft band
Office : 5
George
AND INLAND
NAVIGATION
Austin Friars, Old Broad St
Eustis & Co.,
BROKERS,
Dealers In
*'
AGAINST
RISKS.
BANKERS AND
Street.
PUBLISHERS,
aaa
r
send Circu-
Middle Department, Boreel Building
o. 117 Broadway, N. Y., Henry W. Baldwin, Sup’t.
No
Exports and Imports of Gold
and Silver in the
BROKER,
BANKER AND
will, upon application,
giving full particulars.
Office of
Gold and Silvern-
Production,
CONTRACTS.
Examine the new form of Policy issued by
United States Life Insurance Company before
suring elsewhere.
After the premiums for three or more years
been paid, upon receiving the required
the assured, the Company will continue
in force without further payments, for its FULL
FACE, for such a period as the ENTIRE
will carry it.
Retrospect of 1879.
AND BROADWAY,
IMPORTANT CONCESSIONS IN
LIBERAL AND
CONTENTS.
BANKERS,
-
JAMES BUELL, President.
Exch’ge
Exch’ge.
d6 Co.
$4,983,276 81
872,484 06
....
Surplus
INVESTORS AND BROKERS,
WALL STREET
Comp’y,
Y.
261—264 Broadway, N.
Street, New York.
No. 2 Nassau
A. M. Kidder.
at seller’s option
.
Buttrick & Elliman,
Buy
for the above Securities;
Cash paid at once
(ANNUAL.)
COR. OF
SPECIALTY,
A
Financial Review
STREET.
F. w. perry.
Stocks
Insurance
THE
ASSETS Jan.
All Risks
W.
1, 1880
Written at
reasonable rates.
IRVING COMES,
President.
WAINWRIGHT HAKDIE,
ttu'ntrv tv
CINCINNATI, OmO.
$810,804 75
Vioe-Pres'L
tttng. Treasurer
@FedFRASER