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HUNT’S
MERCHANTS*
MAGAZINE,
& W&fh 9*w0pftpev,
REPRESENTING THE
INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
YOL. 26.
CONTENTS.
THE CHRONICLE.
from Jan. 1 to March 31
355
351
Congress and the Income Tax.... 352 Latest Monetary and Commercial
The New Loan and the Banks
and
Steinberger
.
NO. 668.
SATURDAY, APRIL 13, 1878.
Samoa
—
....
The
Treaty
English News
Commercial
News
853
The
Mississippi and the Harlem. 854
Railroad Earnings in March, and
THE
and
Miscellaneous
357
858
BANKERS* GAZETTE.
Money Market, U. S. Securities,
Railway Stocks, Gold Market,
i Quotations of Stocks and Bonds. 363
j Local Securities
3t4
Foreign Exchange, N. T. City
Investments, and State, City and
Banks, National Banks, etc
3601 Corporation Finances
865
THE COMMERCIAL TIMES.
Rothschilds, of London; Morton, Bliss & Co.; J. & W.
Seligman, and Seligman Brothers of London; and the
First National Bank
“
:
The
Secretary of the Treasury and the members of the last Syndicate have
entered into an agreement for the'sale, for resnmption purposes, of $50,000,000
United States 4M pec centum 15-year bonds at par and accrued interest, and
1 % per centum premium in gold coin, $10,000,000 to he subscribed imme¬
diately, and $5,000,000 per month during the balance of the year. The sale
of 4 per centum bonds will he continued by the Treasury Department as here¬
tofore, npon the terms and conditions of the last circular, and the proceeds
will bo applied to the redemption of 6 per centum 5*20 bonds.’*
This, certainly, will be considered a very favorable
Breadstuffs
negotiation for the government. We understand, from
parties who should know, that the above, however, is to
be interpreted literally; that is to say, that the only
CfaraicIje.
The Commercial and Financial Chronicle is issued on Satur¬ subscription now made is for $10,000,000, and that the
remaining $40,000,000 is really an option, but prac¬
day morning, with the latest news up to midnight of Friday.
tically a certainty, unless some unfortunate condition1 of
TERMS OF SUBSCRIPTION—PAYABLE IN ADVANCE:
For One Year, (including postage)
the exchanges, not to be anticipated, should intervene.
$10 20.
For Six Months.
77!
6 10.
The price, 101£, is of course coupled with the usual
Annual subscription in London (including postage)
£2 5s.
de
do
do
Six mos.
1 6s.
deduction allowed by the act for expenses, &c. The
Subscriptions will he continued until ordered stopped by a written order, or
at the publication office. The Publishers cannot he responsible for Remittances
closing statement of the announcement is also an inter¬
unless made by Drafts or Post-Office Money Orders.
London Office.
esting and important reservation, as the Treasury and
The London office of the Chronicle is at No. 5 Austin Friars, Old Broad
the Syndicate will be interested in an easy money mar¬
Street, where subscriptions will he taken at the prices above named.
Advertisements.
Transient advertisements
published at 25 cents per line for each insertion, ket, and the latter in keeping np the price in London.
but when definite orders are given for five, or more, insertions, a liberal dis¬
count is made. No promise of continuous publication in the best place can be for bonds; while the transaction itself, and what it
Sven,
as and
have
all advertisers
must 60
eqnal
opportunities.
Special Notices in promises to secure, will tend to give a new impulse to
inking
Financial column
cents
per line,
each insertion.
WILLIAM B. DANA,
)
WILLIAM B. DANA ft 00., Publishers,
our credit everywhere.
Under these circumstances, it
JOHN g. blotd, jr. j
79 A; 81 William Streep NEW YORK.
Post Office Box 4,592.
is not unlikely that the snbscriptions on the part of the
public to this 4 per cent loan will be increased, and Mr.
A neat file-cover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 50.
Sherman will have the gratification of continuing to
For
complete set of the Commxrcial and Financial Chronicle—
Commercial Epitome
369 | Dry Goods
Cotton
369 I
373 |
374
Imports, Receipts and Exports.... 315
are
a
July, 1665, to data—or of Hunt’s Merchants* Magazine, 1839 to 1871, inquire
it the office.
fund the debt at the
a
The Business* Department of the Chronicle is represented among
Financial interests in New York City by Mr. Fred. W. Jones.
THE NEW LOAN AND THE BANKS.
Mr Sherman has shown in his interviews with th(
Committees of the House and Senate, not only his faitl
in the
possibility of executing the Resumption Act, but
also his determination to. do
it; and the disclosures oi
the past
few days are the signs of the progress he ig
making. In fact, the events of the week, culminating in
the successful negotiation with the Syndicate bankers oi
a sale of
per cent bonds, practically put at rest all
doubts with regard to the fact that on or before the
first day of January, 1879, any one can, on application
at the office of the Assistant Treasurer in New
Yorkj
obtain gold or silver for greenbacks, in suras of not less
than fifty dollars. The terms of the loan are substan¬
tially set out in the following, which was posted, shortly
*fter one o’clock on Thursday, on the bulletin boards of
return to
same
time that he is
preparing for
specie payment.
But the record of the week’s work is far from
com¬
plete without a more detailed account than has yet
appeared of the negotiations to the same end with
the associated banks.
It is especially interesting
now, as showing how entirely all our people are ready
to devote themselves to the work of resumption.
The meeting was sought by the Secretary and arranged
through Mr. Hillhouse, the presidents of the five largest
institutions being first invited, but on their suggestions
the invitations being extended so as to include five
additional presidents. The parties present were, on the
part of the banks, Presidents Yail, Palmer, Tappen,
Sherman, Buell, Yermilye, Calhoun, Coe, Seney; and on
the parr, of the government, Secretary Sherman, Attor¬
ney-General Devens, Comptroller Knox, Mr. Hillhouse,
and two secretaries. The meeting was considered to be
simply a preliminary one, and was held at the Bank of
Commerce.
What was hoped for from the con¬
the Sub-Treasury, the parties composing the Syndicate ference was
greater harmony of feeling and action
being Drexel, Morgan <fc Co., and J. S. Morgan & Co. of between the banks and the Treasury, and this was
London; August Belmont & Co., and through them the expected to be attained under some agreement by which
THE CHRONICLE.
in
the government should dispose of 4 or 4£ per cents
a
sufficient amount to secure the accumulation of the gold
needed by the first of January.
[You xxvi.
■
■
■■
■■
■
—■ —
■'
■!'
'
—
I
352
these details have seemed to us an
V
important part of{the
history of the transaction. As one bank president .re¬
marked, all the reward any of them wanted was resump¬
tion. There can be no ground hereafter for the slightest
Perhaps Mr. Sherman’s original desire for this confer¬
belief in any action other than the heartiest co-operation
ence arose out of a very foolish idea which has to some
of these institutions in .the government
they cannot control their depositors,
but they will exert all the influence they have in behalf
of a successful issue to the Secretary’s endeavor.
the part
efforts.
Of
gained currency, that there is likely to be such
hostile or unfriendly action on the part of these insti¬
tutions as possibly to embarrass his efforts in securing
resumption. So far is this from being true, that our
leading bank officers are most zealous for his success,
^believing, as they do, that there is no relief for the
on
extent
present depression except
Sherman
was
course
CONGRESS AND
THE INCOME TAX.
Wednesday,; the Committee of Ways and Means,
a vote of six to five, decided as to what should be
the nature of the second section of the new Internal
Revenue bill which they are preparing to report to
Congress. The first section was decided upon at^a
On
through resumption; and Mr. by
therefore assured at the outset,
and is
undoubtedly convinced now, if he was not before, that
the banks were entirely in accord and in sympathy with
his purposes and aims. Furthermore, they showed
it was their desire and intention to do everything
that
they
,
could to assist the government.
recent meeting of the committee. It surrenders part
of the tax on tobacco, on which commodity the rate is
reduced by about onevthird. * The amount of revenue
And, in accordance with this purpose, their first pro¬ which will thus be lost to the Treasury is variously
posal was to let him use the whole machinery of the estimated at from nine to fourteen millions of dollars.
banks to place his loan, the banks to make nothing out of
The second section of the bill, upon which the com¬
It. So heartily interested were they in securing the end mittee are just beginning their work, attempts to make
-sought that they were very willing to be used if they up the deficiency in the revenue which has been created
could only be ensured against loss. The Secretary proby the remission of the tobacco tax in the first section.
posed that they should take a certain amount of 4 per It was agreed some time ago by the committee that no
cents at par or of 4} per cents at 303.
A loan at tax could be reduced unless some new tax were imposed.
such rates, however, they did not think they could nego¬ In order to remit the tobacco tax it was necessary, then,
-
tiate.
trol
-
.
or
Their position was such, holding within their con¬ to decide
upon some new impost, and the one chosen is the
under their influence the commerce of the country, income tax. In
voting for this tax, the committee are en¬
they thought they could be of great use to him unless dorsing the report in its favor presented by the ub-comthey went so far as to embarrass themselves, and then mittee on internal revenue at the beginning of this month.
itbe final influence of their intended ;assistance would be This sub-committee, as we stated s me time ago, con¬
disturbing and therefore damaging instead of helpful. sists of Mr. Tucker of Virginia and Mr. B rchard of
The action of the silver bill, it was remarked, had been Illinois.
On the income-tax question the sub-committee
ipaore .mischievous than some imagined.
Bonds which were more agreed than on the tobacco tax, on which
Jl&ve been returned reach in the aggregate a very consid¬ two
propositions were made by the sub-committee, one
erable amount, and they have not been absorbed by
reducing the tax about one-sixth and the other one.Investors to the extent supposed; on the contrary, the third.
The larger amount of deduction was finally
-jhanks are now loaning on such bonds, at call or thirty adopted by the committee and commanded an almost
fdpys, a greater sum than at any date during the past ten solid vote. It remains to be seen whether there will be
: years.
While, therefore, these officers wished to enter equal unanimity in regard to the details of the incomelinto the plans of the government, > the interests they tax. The sub-committee propose that the rate of tax
\ subserve would not permit of their becoming permanent assessed shall be two
per cent on incomes of $5,000 and
investors to any greater extent than at present; that they
under, three per cent on incomes of $5,000 to $10,000,
could not take what they could not negotiate. Against and
four per cent on incomes exceeding $10,000. The
the possibility of floating a four per cent loan in large
sub-committee also propose a tax ef four percent on the
.amounts in this country at the present time, the opinion
dividends of railroads, banks, insurance companies, trust
of the officers seemed to be unanimous.
companies, savings institutions, canal companies, and
But the Secretary did not feel willing to leave any
other corporations. They also propose that the sum
contingency of the kind suggested attached to the loan. exempted from income-tax shall be^fixed at $2,000 for
He wished, very naturally, to make an absolute arrange¬
each
tax-payer. These are the main feature - of the pro¬
Consequently ;he and the other government posed bill. None of them, however, has been as yet
officers retired, while the bank presidents consulted, the
adopted by the committee, though, from present ap¬
result of which consultation was the following offer:
pearances, they are all likely to command a majority of
“If the Secretary of the Treasury will intimate his willingness to receive a
votes.
To show the total revenue derived since 1363
proposition from the national banks in New York, Boston, Philadelphia, and
Baltimore, for the negotiation otfifty millions 4*4’per cent bonds at par in gold from income-tax and other fiscal sources, we compile the
for resumption purposes, we will recommend our associates to unite in making
subjoined table:
ft» with the belief on our part that it can be accomplished aa suggested. This
ment.
special loan to be the only bonds of this character
ties have the option of any further sum required.
“
April 7, 1878.”
negotiation, the answer to the proposi¬
tion being the bulletin at the Sub-Treasury given above.
That the arrangement made with the Syndicate is more
favorable to the government than the final proposition of
the banks, is of course clear; but the disinterestedness of
these officers, as shown in their unanimously expressed
desire to do all they could and make the best terms pos¬
This ended the
sible for the government, without
for it, is so marked a feature of
TOTAL REVENUE FROM
offered until the same par¬
reoeiving any profit
the negotiation that
Spirits.
15,17^,530
1863
1864
1865
181)6
1867
1-68
1869
1870
3 >.329,150
1871
46,281,848
18,731,424
33 263 172
38,542,952
18,153,531
43 <71.21
55 606.091
1872
1*73...
1874;
..
49,475,516
52,090 872
49,444.* ft; J
INCOME TAX AND OTHER SOURCES.
Adhesive
Fermented
Stamps.
Liquors.
1863-1857.
Tobacco.
$3,097,620
8,692,099
If,40?,373
16,3U,C08
13,765,148
18,730,095
23,-80,703
31.350,708
3 4,578/07
Tax.
.$•2,741,857
$4,140.-75
2. mo 9
5,894.9 5
71,
.892
20. 94,738
32 050,017
15,044.3*3
i
160»4 7i8
14 85 ,*>52
.41,45v$9
16.420 7‘0
It) 5 4 0 3
IV 42,739
37,576,872
3,73 J,92.3
5,220,553
6,4 57,5 >1
5,9-5,86'J
6,099 883
6,319,127
7.389,502
16, 77,321
34,386.-03
8,258,498
9.324,938
33.242,876
37,303,462
9 3 4.68)
9,144,004
3 7
6.’3 ,*<»5
C> 57,2*0
6
83.735,171
Income
$!, 28.934
7.70
SJ,y8^,150
6fe 014.429
24.7nl 857
652
14436.861
19 >62
b,0t2,312
....•
—
1875
1876
62,08 .991
56,426,365
67,469,430
89,795,540
41,106,547
9,571,281
1877.......
9,480,789
518,483
6,450.429
*140,391
Total.... $603,659,694
$386,048,363
$99,780,492
$165,03 >,037
$846,908,730
*
1874-1817.*
THE CHEB1V1CLB.
Af&L 18, 1878.]
353
Tt ik dhfair id the comffdttee tb criticize With too tat, in order that softie enormous danger to our national
mircli Severity a grfeat fiscal scheme of legifelation, of life might be averted* wfe will freely concede whan thfc
"whifeh a £6rtioh only has been disclosed to the public. emergency shall arise, and wffeh the guarantee is present
that the odious tax shall survive ho lohgeh
than the $erH
which has giveii it birth. But it is n6t Conceivable that
without nefed the American people will impose it hpdh
themselves. This most oppressive and inquisitorial forth
of taxation was first borrowed from Eastern despotisms.
financial fabric to its foundation, had some overwhelm¬ It is forbidden alike by the experience and institution^ ^
of our free country. It can never be revived among us
ing emergency demanded that, ’at any cost to the
country, art immediate increase of the revenue of the without some dear necessity, some sotind reason, some
government should be secured, our people are patriotic complete justification. What is that reason ? Let the
enough to welcome even the income tax, and to endure committee justify their choice of the income tax. The
it as long as it might be needful. In proposing this tax nation waits to hear.
the committee will be expected to vindicate it before the
STEINBERGER AND SAMOA—THE TREATY.
nation. As statesmen holding an important trust for
It is now some years since the American pnblio
©hr forty millions of people they; ought to be ready
became aware that a person by the name of Steinberger
to present such sound, irrefragable reasons for what they
was pushing the cause of progress and civilization in the
do, that the wisdom of their policy shall be demonstrated
beyond.question. Without prejudging their arguments, group of islands generally known as Samoa, in the far¬
Wh may at least be excused for suggesting that such of away South Pacific. Strange rumors from time to time
them as have at present been put forth, are generally reached us of Steinberger; and, while it Was evident
that he had become a power among the fcemi-barbarous
regarded as insufficient and weak.
Let us examine some of these reasons. Firtft of all it islanders, it was doubtful whether he was about to set
is said that the committee in proposing an income tax are up a throne and pro laim himself king, or whether he
was abont to reconstruct the Samoan group and bring
following the instructions of the House favorable to an
them under the shelter of the Stars and Stripes. Stein¬
irfcome tax. This is not strictly correct. The only
foundation for it will be fohnd in the Congressional berger, it appears, is an American and a native of the
Record for February 5, 1878. On page 9 we* find that State of Pennsylvania. As his name implies, he is of
German stock. In 1873 Steinberger found himself in
MivMcMahon, of Ohio, moved to suspend the rules and
Samoa, where he remained for several months, making
pass the following preamble and resolution:
Whereas. In the present condition of public distress, it is himself familiar with the topography of the island, and
important that the wealth of the country should bear a fair studying the character and habits ©f the inhabitants. He
proportion of the burdens of taxation; therefore,
Resolved, That the Coinmittee of Ways and Means be and a re was in this country when we were honored with a visit
hereby instructed to report a bill imposing a graduated tax upon by King Kalakaua, of the Sandwich Islands; and, as he
the excess of income above a reasonable minimum to be fixed by
had already succeeded in interesting some of the Gov¬
law, and that add hill be rep orted at the earliest practicable
moment.
ernment officials in his schemes, he was permitted to
For this resolution a two-thirds vote Was Required,! accompany the King to San Francisco, whence, on board
and only 165 members voted yea, 89 voted nay, and 38 ] the United States ship Tuscarora, he proceeded onhis secdld not vote. The motion not receiving a two-thirds ond visit to Samoa. Arrived in Samoa, be commenced the
vote, was lost, and the instructions favorable to an work of reconstruction and reform in right earnest.
income tax not having reached the committee, any argu¬ According to his own showing he assembled the chiefs
ment based upon them falls to the ground.
of the different islands and had them elect a king. He
Secondly, it is urged that if the committee do not then established a parliament modeled after that of
impose an income tax, the sinking-fund will be deficient, Great Britain, with its upper and lower houses, and
and the public credit will receive injuty. This does not assumed the onerous duties of prime minister. Under
agree very well with the statements in the last report of his direction, schools were built, governors and magis¬
the Secretary of the Treasury. . He assures us that so trates were appointed, a police force was organized,
far as the sinking-fund law is concerned we have already implements of agriculture Were placed in the hands of
paid off 220 millions in excess of the amount required the natives, and a printing press, that inevitable accom¬
by law to be provided for that fund. He also states paniment of progress, was set up. It waB, of all things,
that without any further taxation the estimated income the most natural that such a man should come into col¬
of the Treasury would allow more than 25 millions to lision with whatever there was of foreign authority on
be added to the sinking fund during the current year. the islands. On the islands there are agents of the
There is clearly no support in these facts to the theory London Missionary Society. There are also agents of
that the income tax, which several years’ experience the Roman Catholic Church. In some way Steinberger
proved both unpopular and mischievous in the highest aroused the opposition of the British missionaries; the
degree, is at all necessary to support the credit of the American consul went against the prime minister ; and
government, or to swell the already satisfied sinking finally Steinberger, much against his will, found himself
ion board her Britannic Majesty’s ship Barracontas, and
fund.
Thirdly, it is contended that the tobacco taxes have on his way to Fiji. From Fiji the ex prime minister
to be diminished, and for the revenue given up a new proceeded to England, where he now claims for damages
tax must be imposed.
We will not seriously. reply to the sum of two million of dollars !
this argument. It is too puerile for discussion. If the
It would appear, however, * that Steinberger had not
committee can offer to Congress no better reason for wholly labored in vain among the Samoan islanders. In
the imposition of a tax so offensive,, demoralizing and the Fall of last year, two representatives of the islands,
unpopular as the income tax, their new scheme J of Messrs. Le Mamea and Colmesnil, came to Washing¬
internal revenue consolidation Will not meet much favor. ton and commenced to negotiate a treaty with the Gov¬
That the Whole Country should be tortured by an income ernment. The Samoans, it seems, dreaded annexation
Oth&Wise fre should hive hea^d throughout the country
a thhoh more emphatic and mdignaht cehden&hiition of
the hew bill than has, at present, been any where uttered.
Had Some great calamity, some appalling disaster,
shaken the credit of our government and disturbed our
<
THE CHRONICLE.
expressed
a decided preference for American protection.
A treaty
has at length been signed and ratified.
Henceforth the by the
to Great
Britain, which was threatened. They
of the United States
shall have the privilege of entering any port of the
Samoan islands; and permission is granted to establish
a station for coal and supplies in the port of PangoPango. With the exception of a tonnage duty of onehalf of one per cent per ton, actual measurement, to be
charged on the entrance of our merchant ships, the trade
is to be free, and no restrictions are made in regard to
cargoes. Trade in fire-arms and munitions of war are
to be subject to special regulations by the two govern¬
Government and merchant vessels
of the articles of the treaty
that in the event of any difficulty arising between the
Samoan government and any other government in amity
with the United States, the Government of the United
States shall “ employ its good offices for the purpose of
ft
adjusting those differences upon a satisfactory and
“
solid foundation.” The treaty is to remain in force
for ten years, with the provision that it may be con¬
tinued until the expiration of some stipulated time.
It is not expected that the treaty will immediately be
any great gain to the United States. The population of
the islands is small and diminishing year by year. The
products are of little value. Prospectively, however,
the treaty is to be regarded as a gain.
The islands lie
ments.
It is
provided by
one
in the direct route between San
'-"Tk.
The memorial urges that commercial values to the extent
of at least 5,000 millions annually are measurably affected
Francisco and Australia,
in the river; that by practicable
improvements
transportation saving of one-fourth
could be effected, so that wheat could be carried from
St. Paul to Liverpool, by the river, for 8 or 10 cents a
bushel less than by way of New York; that the produc¬
ing capacity of the river valley, both in food and in
manufactures, is almost boundless; and that the river is
the natural and the cheapest outlet. A permanent channel,
in the lowest stages, of 10 feet from New Orleans to
Cairo, 8 feet from Cairo to St. Louis, and 5 feet from
St. Louis to St. Paul, is necessary, says the memorial*
and the arguments adduced follow the usual method.
It is unnecessary to state with any particularity
the figures. given, because they are estimates, neces¬
sarily conjectural, and of course colored largely by
the roseate tints always assumed in this country
by projected schemes of improvement on a large
scale, especially when the public treasury is invited
to assume the cost.
Nothing is more natural than to
overdraw the picture of what will be in the way of
development, and nothing has been more painfully
shown by experience than that the process of forcing
development has been carried too far already. There is
nothing new in this latest Mississippi memorial, except
that the appropriation mentioned is a modest one, only
$2,000,000—three-fourths of which are to be expended
stage of water
a
of the upper
islands of the Australasian group will rival that of channel which is asked, rather than repair and enlarge¬
Captain Eads, however, who is cer¬
China or Japan, it is well that we have provided our¬ ment of levees.
selves with a good coaling station in advance. The tainly an authority of great weight, seems to oppose the
islands were visited and surveyed by Lieutenant Wilkes whole levee system.
We did not commence writing, however, with the
in 1839; and in after years the Admiral pronounced
intention of discussing the subject, and present this
Pango-Pango the bestfLarbor in the South Pacific. In a
few days the United States ship Adams will leave the summary only in passing. Precisely what constitutes a
Isthmus for Samoa, having on board the ambassador, work of “ national ” importance has never been defined,
Mr. Le Mamea, and his counsel, Mr. Colmesnil. What¬ and the trouble is that it is indefinable, unless we say
that anything is national which somebody wants to have
ever may be his faults, Steinberger has not proved a
undertaken at the public expense. The Mississippi is of
wholly useless pioneer.
national consequence, undoubtedly, but it is probably
true that whatever tends to benefit any locality is in
THE MISSISSIPPI AND THE HARLEM.
some degree of general utility and, therefore, national.
Not long ago a deputation were at work in Washing¬ If the Mississippi is to be dug out by the general govern¬
ton urging that—in the expected annual distribution ment, the Vermont Congressman will wjant an appropri¬
of government money for the improvement of what ation, on the same rule, for improving the navigation of
Nature left unfinished and for the benefit of unemployed Otter Creek; the Mississippi Valley may deiide him for
labor, to be ordered by the usual River and Harbor bill— the ridiculousness of his claim, but it is only a matter of
the Delaware and Schuylkill rivers should not fail to .degree, and though the importance is less, so is the cost.
receive appropriate remembrance. Previously the preat How many canals are there, languishing and waiting, at
State of New York had also put in its claim in behalf of the feet of Congress; how many railroads want to be
the Harlem River, and has so industriously and plead- taken up and carried, in the costly cradle of a subsidy,
ingly pushed its petition that one hundred and fifty across the continent to completion; how many strictly
thousand dollars was last week—so the telegram says— national, double-track, freight railroads are ready to be
set down in the bill against the application.
And thus built, cheapening everything for everybody and giving
the hat goes round. Each State having its little creek employment to labor, etc. ? The doctrine that the public
to widen or deepen, or both, finds it convenient to help owe employment to whoever wants it is daily preached;
the question of funds is held to be of no consequence,
on each other State’s favorite scheme for obtaining gov¬
for all the work can be paid for—on the miserably
ernment assistance.
The largest scheme, and to us, for obvious reasons, by delusive basis of high prices and advancing “ val¬
far the most worthy of assistance, is the Mississippi and ues”—by simply starting the presses on new green¬
Discrimination between them can never be
its levees. There is not one argument in favor of the backs.
Harlem which cannot be urged with greater force in favor anything but the result of caprice *md log-rolling, for:
of the Mississippi. .A memorial on the subject has been there is no rule that can be set up as determinative.
sent to Congress from a committee appointed by a The plea is invariably made that because that thing has
€tRiver Improvement” convention which was held in been helped, this thing should be, and no reasonable
St. Paul last October. Commercial bodies from every reply to it is possible. '
The Mississippi memorial itself puts in the plea for
city along the river, from the Balize to St Paul, sent
i(
entire justice to the West,” and raps the East for its
delegations, representing the interests of eighteen States,
and
as
the
day is not distant when our trade with
the
above Cairo—and that it is now a deepening
.
.
Afbil
13, 1878.]
355
THE CHRONICLE.
forgetfulness of the great river. The East is
forgetful, hut it remembers it own nurslings which cry
for government aid, as, for instance, the Harlem
River. This mighty stream—the existence of which
may even be unknown to selfish memorialists who
can think of nothing but the Mississippi—sometimes
known as Spuyten Duy vel Creek, is at least 4 miles long
and flows from the Hudson to the East River, or else the
other way. If it were only deepened and improved, the
cereals of the West would all pass through it, and this
city would command the trade of the whole world ; the
work is clearly one of national importance, and sure to
repay its cost every year; so we beseech Congress to
give us $2,000,000 for accomplishing it.
This is a condensation of the argument; but, to speak
seriously, the application is one of which the State
and city ought to be thoroughly ashamed.
To
improve^ the Harlem River and make it a
selfish
The two
principal points in connection with railroad
earnings this month are the immense grain movement,
and the agreement among the trunk lines for maintain¬
ing certain rates on east-bound freights. The basis of
rates from Chicago to New York, and allotments made
pursuant to the Chicago agreement, have already been
referred to in
ensure
columns.
It has been well demon¬
large freight traffic is not in itself sufficient
large net earnings, and the disastrous results
strated that
to
our
a
which followed the railroad “
wars
” in 1876 and 1877
and their
connecting branches have little profits to hope for unless
reasonable rates on through business are maintained.
It is one of the favorable signs of the times, that this
truth seems to be much better appreciated than formerly
by the railroad managers, and in the face of obstacles,
which at times appeared insuperable, we have now both
the trunk lines and the coal-carrying roads working
deep-water estuary with ample dock facilities would under combination agreements, which appear to be toler¬
be a profitable thing or not; if not, to urge it at ably harmonious.
The grain movement has been very large, and is
all is a blunder; if it w^uld be—and there is little
or no question that it would—then go to work and do expected to continue so during April and May, as the
it. Here are collected the experience, the capital, the open winter and almost impassable roads prevented the
enterprise, and the constructive skill of the country; to hauling of grain during much of the time from December
1 to March 1.
Lake navigation virtually opens this
go to Congress for a pitiful two millions for a local
improvement—albeit it might be of some general benefit year on the first of April, and the canal April 15, and in
—is a proceeding unworthy of us.
Besides, it is the four months from the first of December, 1877, to the
a miserably short-sighted step, for the
proportional first of April, 1878, while navigation was closed, we
contribution of this State to the national revenue is so have the following important figures, showing the grain
large that the slight temporary gain by a subsidy would movement at eight leading cities of the West and re¬
be many times offset by her contributions hereafter to ceipts at seven Atlantic ports.
The total grain receipts at Western markets, from
subsidies granted to other sections. What folly for
New York, not merely to countenance, but to volun¬ December 1, 1877, to March 30, 1878, were, in bushels,
tarily help establish, such a precedent at the present as follows:
time!
And it is not here,
if anywhere, that subsidies
have shown
pretty clearly that the trunk lines
1877-78.
1876-77.
45,559,885
34,167,987
1873-74.
1874-75.
1875-76.
42,871,691
27,210,342
38,997,234
decently sought. Comparatively speaking, the
The shipments of these same markets were, in bushels:
East is rich, while the South is poor; the Mississippi Val¬ 1877-78.
1875-76.
1878-74
1876-77.
1874-75.
30,837,829
16,996,824
13,535,933
19.564,03$
20,656,513
ley—supposing, of course, that the estimates submitted
The receipts at Atlantic ports for the same four
would accomplish the material changes in the river which
months were:
are expected—has ten times as much claim as the East
1877-78.
1874-75.
1876-77.
1875-76.
1873-74.
16,360,919
31,553,180
31,862,459
30,740,861
has, and with what sort of reply shall the East meet that 58,222,317
As to the relative gain or loss in the proportion of
claim if it comes itself before Congress in the attitude
of subsidy-begging ? If we cannot dig out the Harlem receipts at the different Atlantic ports, the following
River without the help of the general government, let table shows what the receipts and percentage of total
us, for consistency’s sake, join in the scramble for largess, has been at each port named, from Dec. 1 to March 30,
first adopting, however, some one of the new plans for in the present and previous seasons :
1876-77.
>
1677-78.
Bushels. P.c. of total.
patent non-redeemable, inter-convertible, non-exportable^
Bushels. P.c. of total.
New York
....24,593,274
42*2
9,969,671
31 0
non-costing, national, American money, in quantities suf¬ Boston
4,330,271
7 5
4,160,673
13;0
Portland
1,209,860
2'1
f
ficient, etc. Mr. Buckner’s would do; the Toledo conven¬ Montreal
58,849
0 1
93,965
OS
18 2
5,696,050
17‘8
.10,599,880
tion also told us the way; and Mr. B. F. Butler’s new Philadelphia
Baltimore....
'..12,068,600
207
9,593,894
29*9
1,995,862
5,361,983
9*2
leather money, or “ dollar stamped upon some convenient New Orleans.
Total.... — *
.58,222.717
32,091,929
100*0
100*0
and cheap material of the least possible intrinsic value ”—
At New York alone the receipts in March were
we suggest clay—would be excellent for the purpose.
immense, and the following will show the several routes
RAILROAD EARNINGS IN MARCH AND FROM by which the grain was delivered.
can
be
.
.
,
/
,
a
RECEIPTS AT NEW TOBK
JANUARY 1 TO MARCH 31.
IN MARCH.
>
1877.
Flour,
Grain,
.
Flour,
1878.
Grain,
,
A glance at the table of railroad earnings for March,
hush.
hhls.
bush.
bhls.
N.
&
Hudson
River
77,982
1,214,229
170,511
Y.
Cent
4,068,*>3
as given below, shows that the statement this year com¬
Erie
47.0C4
686,823
67,348 1,518,794
Pennsylvania
41,5^8
351,180
60,927 b$59,484
pares exceedingly well with the same month in 1877. Water
7.7..
20.680
259.557
27,897 400,066
1,431
9,946
1,377
109,289
The roads showing a decrease in gross earnings are All other routes.
Total..;
188,625 2,521,735
328,060 7,850,826
limited to those running out of St. Louis, with the
While it is clear from these figures that the railroads
exception of the International & Great Northern of
Texas, which has close connections with the St. Louis have had a much better season in the first quarter of 18*78
Hues, and the Central Pacific. The decrease on these than they had in the same quarter of 18*77, and have
latter roads is inconsiderable, and it is due in part to the made better earnings, we are unable to conclude from
fact that some of them were making large earnings last the increase shown on the trunk lines that their stock¬
year at this time when the northwestern roads were holders have any great reason to feel elated. It may,
showing a decrease in traffic, and hence the comparison perhaps, be assumed that the grain traffic this year is (in
rear appears tathe
the present status of the country) at a maximum, and
advantage of the latter.
;
..
THE CHRONICLE
356
in the
in
Earnings of the Daouque & Sioux City Railroad during March, and for the
31, were as follow*; these figures are included
lines given above: March. $*4,045 in 1878 and
$69,094 in Ia77; January 1 to March 31, $216,910 in 1878 and $ o7,p98 in 1877.
The following
1878.
Chic Burl. & Quincy—
Dakota Southern
Gal. Harrisb A S. Antonio
Houston A Texas Cent...
Mobile A Ohio
Nash. Chat. A St. Louis..
New Jersey Midland ....
871,769
L 39,392
15,6-9
82,185
10,551
205,883
9,467
71,634
189.600
18-1,790
174,393
155,771
3*,329
143,494
41,631
740,u43
6L759
851,1 0
$3,571,428
$3,785,822
IS FROM JANUARY
1,958,617
1,748.603
-
—
Chicago A Alton
Chic. Mil & St. Paul..
..
Cl.Mt.V.&Del.&brchs.*
Dakota Southern
Denver & Rio Grande....
Grand Tran a of Canadat
Gt. Western of Canada}:.
Ill. Central (main Kne)...
do. (Iowa leased lines)..
'
73.194
14, >80
lndianap. B. & Western..
Michigan Central
Missouri Pacific
362,772
2 k,546
Mo. Kansas & Texas
Paducah A Elizabethan*
St L.A. & T H. (br’chs).
fit L. Iron Mt. AS
fit L. K. C. & North
fit L. A San Francisco...
St. L. & S. E.—t L.div.*
do
Ken. div.*
do
Tenn. div*
Tol. Peona A Warsaw...
Wabash
I
...
Total
1,767
12,607
4,361
15,033
••••
•
•
Atlantic Mississippi
Gross earnings.
.
•
333,577
96,001
1,199,390
401,003
298,960
92,835
3,766
230,234
44,398
534,vfl3
44,219
330.130
32,642
•
-
•
•
370
279,118
20,707
17,255
4,313
6,883
84,220
^
-
-
10,959
.
$7,373,837
$7,314,490
.
.
.
....
.
-
215,252
‘
Inc.
$202,156
222,497
$147,196
$63,994
$312,608
96,589
54,681
191,455
$142,058
113,555
$50,607
$13,413
$121,153
$23,503
$300,186
$325,047
195,531
$691,260
3j6,ti78
$676,655
433.647
$125,184
Chicago Burlington & Quincy—
Gross earnings
$911,150
$129,466
$231,532
$233,008
76,372
>30
30.571
17,0 >9
179,443
2,293,144
1,169,528
1,209,281
333,041
331,8<8
34 ,518
131,259
2,103,739
48,189
189,405
243,936
637,733
Net earnings
$341,696
&Del. and Br’chs.—
307.490
90,820
....
1,666,983
959,214
106,739
.......
|21,254,775
$19,123,847
$2,471,030
2,130,923
TptaE.
KG increase.
,
......
Three weeks only of March in
f From January l to March <0.
•
131,609
1,080,383
751,463
81 *,984
T'T"
.
,
#
*
»
a *
^
*
m
p,
19,015
'
45,645
$3,222
$10,862
$6,500
$9,467
$30,682
$17,914
$52,145
13,331.
•
$40,1-2
•
•
•
:$ :..
,
(275 miles.)
’
-
$115,191
‘$82,040
$15,435
$36,708
W9*7
$2^5,883
$189,600
134,320
152,859
$71,563
$36,741
$172,995
$181,094
101,812
$362,451
138,903
2 6.809
$357,359
231,820
$34,032
$79,282
$35,642
$125,539
$148,494
$333,577
$293,960
173,894
$63,418
$62,091
$142,170
$125,566
$38,329
$42,631
$96,601
$92,835
85,032
31,698
.1 82,740
$3,297
$10,933
$13,861
$17,615
$15,508
10,769
$34,161
12,307
$5,808
$4,789
$10,159
$180,607
$198,402
$401,003
132,365
150,! 97
270,886
306,418
$48,142
$48,'<05
$130,117
”$124,534
$47,164
$92,796
gg
.......
Gross earnings
Oper. expenses,incl. taxes.
$155,771
92,353
Net earnings....
New Jersey Midland—
Gross earnings
Expenses........
39,631
4,080
4228
Net
earnings.
Paducah A Memphis—
Gross earnings
2,505
Operating expenses
$340,102
each yaar.
^
45,506
(304 miles.)
Nashville Chatt. A St. L.—
'
certain shippers, of reduced freight rates, causiDg freight to be held
The earnings of the
$56,368
$17,548
^
$ The decrease in the earnings of the St. Louis A San Francisco Railroad
during th-? first quarter i*-attributed to bad roads, and to the expectat on,
Lack.
$25,246
22,024
•
_
86,403
,t.
•••*••
■
$
$
191,407
....
'
,V
>
$821,363
50,003
Net earnings
# a
$637,068
$333,592
78,481
Net earnings.....
..
812
47,695
.
•$1,956,617 * $1,743*603
1,111,535
1,13.,254
24,747
Expenses..............«...
| From January 1 to March 29.
among
earnings....
Operating expenses
Gross
•
85,153
,
a
-
Net earnings.............
Houston & Texas Central-
.
$17,331
$9,510
(304 milts.)
$54,990
1..... ' 37,442
Kansas Pacific.—
Gross earnings
719.846
•
•
74,205
'
$15,609
6,099
... ....
earnings
Expenses.
0
50,C90
121,703
76, .55
135.221
63 197
31.833
243.369
$Fabash......
-
Gross
56,010
72,425
34,833
334,139
Tol. Peoria A Warsaw....
•
75.551
275,818
422,743
5S7.643
1,510,737
861,372
Ken. div.*
T nn.div.*
do
do
279,303
131,141
$5,107
Net earnings
119,8*0
'
533,176
22,105
Dakota Southern —
Gross earnings
16,89?
788 995
5.990
1,089 391
$871,768
569,451
Clev. Mt. Vernon
Gross earniDgs
63,372
•
1,632,445
938,127
634,643
112,594
175,002
Expenses
87,744
Michigan Central.... ...
SQori Pacific
.sonri Kansas A Tex..
L. A, AT.H. (br’cha).
At. L Iron Mt. & So
fit. L. Kinsas City A -N..
fit. Louis A S. FranciscoS
fit. L. A S. E.—St.L.div *
1,031.200
799,158
_
Net earninsrs
Dec.
r
925,692
-
North.—
Chicago & Alton—
Gross earnings.
Expenses
$
••••«•
r-Jan. 1 to Feb. 28.-*
1877.
1878.
$72,032
Denver & Rio Grande—
55,157
8,361,159
1,024,109
1,24>,005
70,382
4
.
Int&Gt Northern
Kansas Pacific
437,749
38,2 0
8,3 3.410
1877.
$76,681
Net earnings
Net earnings....
1877.
Feb.
$47,614
29.
$460,344
and net
1 to February 28, of
$15,731
March 80.
1378.
EXPENSES AND NET EARNINGS.
$247,976
175,944
Operating expenses
$662,500
$460,560
$519,907
59,347
133,741
$60,958
#•••••
109,152
..
gives the gross earnings, operating expenses
Operating expenses.
in each year,
2,037,0-0
..
•»»•••
$260,472
1 to march 31.
...
21,802
21,059
54,210
90,376
......
751,769
958,737
23,548
60,006
33, <>76
$137,990
11,117
1,747
$812,727'
Chicago A Alton
Chic. Mil. & St. Panl
Cley. Mt. Vernon A Del*
Dakota Southern
Denver & Rio Grande...
Grand Trnpkt
Great Western$.
Ill. Central (ma n line)...
do (la. leased lines).
Ind. Bloom. A Western..
59,9.48
61,803
54,135
67,5t 5
Net earnings
878
$7,767,513
:
431,952
•
-
...
321,459
29,949
83 544
1,666,454
Operating expenses
5,705
$8,519,282
At. Top. A Santa Fe
Bari. C. Rap. ^Northern.
Cairo A St. Louis*
Central Pacific
-
82,204
Burl. Cedar Rapids &
Gross earnings
•
••a%
1,520 849
121.775
& Ohio-
V.....
$117,935
c
•
19,165
43,450
350,778
326.669
t For the four weeks ended March
406,775
1,557,302
Operating expenses
8,953
9,299
108,845
867,755
t For the four weeks ended
•
•
'
12,643
20.887
54.007
34 617
—
......
31,852
36,9.43
16,270
27,876
2,416
24.625
41,066
Three weeks only of March
52,805
2,8,014
155,351
1873.
40,5*4
Net increase
*
•
110,733
40,092
99.616
38,345
21,568
,,
$...:..
$12,496
earnings for the month of February, and from January
all the roads that will furnish statements for publication:
12.023
247,505
37,744
349, >*00
299,825
Increase. Decrease.
176,238
460,782
20,963
18,237
19,5.5
.
,
,
.
.
194,430
90,474
112,037
103,064
275,282
578,432
Int& Gt. Northern
Kansas Pacific
•
468.570
301,169
363,124
113,978
130,243
118,350
«
•
49,219
65 .,558
400,117
The statement below
....
635
1,245,373
345,454
836,021
$
$116,370
41,420
51,947
$388,023
214,394
$173,629
17,9-4
GR038 EARNINGS,
Dec.
Inc.
1877.
.
131,138
Net increase.
$199,130
1,092,994
125,141
14,245
1,224,410
357,477
663,d00
20,004
16,968
64,257
697,082
30.717
30,662
GROSS EARNINGS IK MARCH.
1,137,414
17,895
6,024
11,9 2
10,622
$247,976
607 126
Southern Minnesota
Union Pacific..
into the hands of a receiver.
1878.
4,302
214,633
I TO FEBRUARY 2S.
559,911
Philadelphia «fc Reading...
Philade phia & Erie.......
St Joseph & Western
St. Paul <fc Sioux City
Sioux City & St. Paul
Great Northern of Texas has
$306,000
16,281
14,3*7
7,277
1877.
1878.
$260,472
Atlantic Miss. A Ohio
Atlantic & Gt. Wes ern...
Chic. Burl. A Quincy
Dakota Southern
Gat. HarrLb. & S. Antonio
Mobile A Ohio
Nashv. Chatt. A St. L
New Jersey Midland.
highest character.
Atchison Top. & S. Fe. ...
Baltimore & Ohio
Burl. C. Rap. & North’n.
Cairo & ~t. Louis*
Central Pacific
6,1 *2
Net decrease.
Kansas Pacific roads will be referred to three arbitrators
gone
$20,055
911,150
719,962
Decrease.
.
20.303
37,742
41,341
Union Pacific
..V
$
24 >,577
198,4 2
31,718
29,409
17,5 >4
31,042
Philadelphia A Erie.
8t Joseph & Western....
St. Panl A Sioux City....
Sioux City A St. Paul....
Southern Minnesota
Increase.
260,879
525,410
180,507
Phi’adelphia A Reading..
question of pro-rating on the Union Pacific and
The International &
FEBRUARY.
1877.
$137,990
$117,935
Atlantic Miss. &Ohio....
Atlantic & Gt. West
Ohio has just declared its semi¬
annual dividend of 4 per cent in stock instead of cash.
The Michigan Central has declared 2 per cent in cash,
the first cash dividend since July, 1872.
of the
earnings for Feb.
companies have bat recently reported their
GROSS EARNINGS IN
Baltimore &
The
tables above. They were: $12,106
to March 31, 18 .8. ;
three m nth* ending March
in th >se of the I iw* leased
time in 1877.
same
The
not included in the figures given in the
March, 1378, and *42,856 from January 1
are
likely to be equaled for some years to
come, and as the dividend funds were scanty in 1877,
the increase in earnings is not now sufficient to warrant
the railroads in pursuing any course except one of strict
economy, with a careful guarding against increase in
their funded debt or annual charges.
Among items of interest relating to the earnings or
income account of prominent railroads may be men¬
tioned the adoption of the now famous Trust scheme by
the Pennsylvania Railroad, and the fact that all the
company’s lines east of Pittsburg and Erie showed an
increase in gross earnings for January and February,
1878, of only $9,940, but a decrease in expenses of $181,524.
The lines west of Pittsburg and Erie for the same
two months are said to show a profit of $45,698, after
meeting all liabilities, against a deficiency of $105,409
that it is not
Springfield Division of the Illinois Central Railroad
Net earnings-
Philadelphia A Erie—
Gross earnings
Operating expenses
’
■
earnings
fit L. A So. Bast—St. L. Div
Net
Gross earnings
Operating expenses...
Net'earnings
...
24,002
66,550
,
$26,285
$30,618
24,649
$480,952
•
V
*43,84!
V.134
$6,707
36,091
77,986
$11,073
*14RjO
--Jr.
1878.]
ASRXL 13,
1878.
•
East.—Ky. Div.—
St. L. & So.
Gross
,—Jan. 1 to Feb. 28.1878.
1877.
-Feb.—
1877.
$26,550
20,671
$21,491
21,216
$50,857
42,326
$50,941
41,456
$5,879
So. East.—Tenn. Div.—
eamiu ;s
.$12,334
$275
$8,531
$9,486
$11,109
10,594 -'
$?5 03§
20,140
$24,P50
earnings
*
Operating expenses
Net earnings
St. L. &
rt*
'f' -‘■■y
Derby does not believe that A threat to fight is a proper or safA
way to attain A pacific end. Both he and hm late colleague^Lord Defby said, had the same end in view, but they were ndiagreed as to the means of attaining it. The Cabinet is nov#
believed to be unanimous as to the best raeanB to attain a certain
ascertain which
generally believed that the govern¬
$4,880
$4,899
Net earnings
$515
$2,597
ment intend to occupy certain positions on our way to India which
St. Paul & Sioux City$(10,f06 shall enable us to keep open onr communications with facility
$8t,c08
$41,341
$29,409
Gross earnings
48,901
50,528
23,257
23,866
Operating expenses
and to defend them at all coat. Any invasion of Russia is out of*
$11,115 the
$31,280
Net earnings
$17,475
$6,142
question. We shall simply, it is thought, look after ourselves, <
Sioux City & St. Paul—
and
protect ourselves by securing more Gibraltars or Maitas. An
$33,C76
$54,135
$28,176
$17,554
Gross earnings
30,889 regards Bulgaria, Austria and Germany must look after that theiftt
14,269
33,357
14,376
Operating expenses.
$2,187 selves, as it may some day, if ^constituted after Russia’s desire^*
$20,778
Net earnings
$13,800
$3,285
Southern Minnesota—
prove to be very detrimental to their interests and especially to
$G7,565
$31,042
$121,775
$61,759
Gross earnings
the
welfare of Austria.
We little know what will be the result
53,492 •
23.221
47,943
22,427
Operating expenses
of Russia’s arrogance in making war upon Turkey ostensibly for
$19,622
$68,283
Net earnings
$38,538
$8,615
the Christians and in the name of Europe.
It was well known
Wabash*—
$698,227
$632,554 that the serious
$311,308
Gross earnings
$317,282
complications :would arise when Turkey wiS
505,506
536,094
272,048
250,388
Operating expenses
compelled to make peace, and now we are in the midst of them*
$96,460
$191,722
Net earnings
$45,234
$60,920
Russia naturally Bays that she made the war and the sacrifice in Union Pacific—
$1,666,454 blood and treasure, and that she is entitled to make what peaco!
$851,100
$1,557,302
Gross earnings
$719,962
651,423
328,971
692,728
356,718
Operating expenses
she pleases. Russia, however, was not called upon to enforce the
$1,015,031
$864,574
Net earnings
$522,129
$363,244
Treaty of Paris alone, and it is the contention of England that
until that treaty has been cancelled by the consent of all the
February,
1878,
are
Figures for
estimated.
International & Groat Northern figures for January are as follows:
signatories, the British signature cannot be put to another treaty
———January.—
*
which is to supply its place.
England sets a value upon treaties.
International & Great Northern 1877.
1878.
She
the
believes
in
Gross earnings
$135,493
$174,631
right to modify them as time and circum¬
Operating expenses
111,184 stances change, but the manner
76,904
in which the present treaty of
Gross
9,747
Operating expenses
.......
20,070
end, and the country will be very anxious to
policy is right.
It is
very
..
•
t-
.......
Net
$68,447
$58,591
earnings.
MTKS OP GVCH1VGE 4T LONDON AND ON LONItON
AT LATEST DATES.
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
MARCH 30.
TUTS.
ON—
HATS.
LATEST
TIME.
HATE.
short.
•3 months.
Berlin
Hamburg
25.13XC&25
i5.Saxit25.3lX
20.60 @20.64
<0.60
20.60
25.35
12.2
@20.64
@-0.64
@20.40
Frankfort
Antwerp
short.
Amsterdam
@12.8
Amsterdam... 3 months. 12.4*@12.5
Vienna
12.4JX@12.52 *
....
...
St.-Petersburg
Madrid
Cadiz
Lisbon
G6nbaw.....
.
21X@'22
90 days.
51&@5l#
3 months. 28.20 @28:30
8.20
Naples.........
NSW York
@28.30
....
60
25.15
Mar.* 29.
short.
20!41
Mar.
Mar.
Mir.
Mar.
29.
29.
29.
29.
3
20.41
20 41
25.18
12.12
Mar.* 29.
3
days.
Calcutta*.....
Hong Kong...
Shanghai.
Alexandria....
mos.
short.
tl
*4
r
122.50
mos.
44
Mar. 29.
Mar. 28
«<
48.30
shor1.
Mar. 29.
6
,
28.
25.
26.
29.
28.
1.
27.
mos.
4<
l(
44
60
days.
90 day*.
27\56
la. 9Xd.
la. 9 3-160.
3a. V.Xd.
5a. 5 34
4>7*
na
2 id.
3
mos.
97*
IFrom onr own correspondent]
London, Saturday, March 30, 1878.
Events of considerable, and
which may prove to be of momen¬
tous, importance have transpired this week, and during tlie last
two days the country has been much agitated.
The Russian
government having declined to accede to terms upon which Eng¬
land
can
enter
the
proposed Congress, it has been gravely
announced that the
ent
negotiations are now at an end, and at pres¬
it is presumed that there will be no Congress at all. During
the week the Ministers have been in
frequent discussion, and the
majority of them have arrived at the conclusion that the time has
now come-when our
regular army should be made up to its full
complement, and it has been decided therefore to advise the Queen
to call out the reserve forces.
Early next week the necessary
proclamation will be issued, and it may naturally be expected
that the country will be very anxious to know what will be the
military measures it is proposed to carry out. This decision on
thhpart of the majority of the Ministers hag failed, however, to
satisfy Lord Derby, and his lordship has, in consequence,
resigned. The Queen has accepted his resignation, and the duties
of Foreign Minister have now devolved
upon Lord Salisbury.
The pyime Minister and Lord Derby have been careful to explain
proposed measures do not necessarily mean war. They
% fact, to be adopted with a view to the maintenance of
which the majority of the Cabinet believe can" only be
secured by being fully prepared for every
contingency. Lord
changes in the preliminary treaty. Constan¬
tinople, he adds, is in no danger, and he sees nO necessity for an!
expenditure. The outlay of £6,000,000 he regard*
as sinful waste, and he is thankful that he has become a thorough
disciple of Mr. Bright, and now belongs to the peace-at-anyr price
parly. No one in this country can desire war; but we must surely
take the world as we find it, and if we are to retain our posses¬
war
sions and
support an imperial policy, we must be prepared to<
they are attacked. In order to justify their policy^
defend them if
in
the government may possibly
disclosures, and the debate on the subject
place next week will be awaited with keen
calling out the reserve forces,
make some important
which will take
Mar. 29.
Mar.
Mar.
Mar.
Mar.
Feb.
Mar.
Mar.
Rlode Janeiio,
Pernambuco...
Bombay.
short
Mar, 29.
European acceptance,
he advocates other
increased
DATE.
Paris:
Paris....
which is simply
arrogant, especially when it is coupled with the promises which
appeared to have been so solemnly uttered by the Czar that lie
had only entered upon a righteous crusade, is too much for Eng¬
land and her government, and even those who were the great
supporters of Russian policy feel alarmed at the results. Even
Mr4 Gladstone says.that the proposed Bulgaria is too large, and
San Stefano is offered for
interest.
somewhat
unexpectedly their minimum, rate of discount from 2 per cent, at
The directors of the Bank of
England have advanced
The Bank return
political affairs justify the movement, the propor¬
tion of reserve to liabilities having declined from 35 96 to 33*18 per¬
cent.
The changes in the return have been due almost entirely
to the revenue payments; and to the government loans.
Next
week’s return will also be an indifferent one, as no dividends will
have been distributed; but towards the end of the week, a large
supply of money will be released. A rise, however, from 2 per cent
to 3 per cent has not the significance of an advance from a higher
quotation ; and it is of course to be regretted that the improvement
is due to financial operations and not to any increase in our
trade. It is scarcely necessary to repeat that the condition of our
commerce is very indifferent, and that we are still without hope*
of improvement, owing to the cloudy condition of the political
world.
Yesterday and td-day have been periods of grave anxiety;
as we know not whether we are on the eve of a great aud pro¬
tracted war or not. England's power to inflict injury and to carry
on a long war is supposed to be very great; but war is a game of
chance, and the probability is that we shall have to adopt the
policy of Fabius, though chiefly at sea.1 The supply of bullion
held by the Bank is still rather more than £24,000,000, against
£26,464,292 last year, while the total reserve is nearly £12,000,000*
against £13,481,652. “ Other securities” ate as much as £25,918,204, against £23,776,279, an increase Which is due, not to aUy
augmentation in the supply of bill* held by the Bank*, but to
loans to subscribe to Treasury Bills. It has been easy for some
time past to obtain loans on good security at low rate.3, and a*
the last issUo of Treasury Bills yielded 2£ and 2J- per cent, #•
moderate profit was clear.
The advance in the Bank rate to 8
per cent, however, should it be maintained, will necessitate direct
which it
was
fixed
and the state of
on
January 31, te 8 per cent.
THE CHRONICLE.
358
lending, and should farther government loans be necessary, the
[Yol. XXYL
The
public sales of colonial wool will be brought to a close
Friday. Messrs. Jacomb, Son & Co. write that:
r
money
next
balance is
The sales of the past week or so have shown some little irreg¬
ularity, and, in many cases, a weakness and decline in values from
the best prices paid during the second and third weeks of the
series; foreign competition has not been quite so animated as was
then the case, and the pressure of the immediate want of the raw
material to keep machinery going, which then gave such buoy¬
ancy to our market, has somewhat subsided; the possibility of
further political troubles also has had rather a dampening effect.
market will be more speedily affected. The government
now £12,287,814, against £11,530,029 last year.
Con¬
sidering that the government has borrowed large sums, the total
is not a large one; but the payments of the government have
been heavy, large purchases of iron-clads and transport ships,
as wells as of guns and raw material, having been made.
In
addition to four large iron clads, the government has purchased
of Sir William Armstrong, four 100-ton guns, at a cost of £16,000
each, and it is understood that all our arsenals here and in the
Mediterranean were never in such a state of preparedness for war.
Should matters have a pacific solution the government will be
able to economize for a long time to come. The following are
thp present quotations for money:
Week after week successive telegrams announce further deficien¬
cies in wool shipments to date from Australasia and New Zealand,
the latest recording 70,000 bales less than at same time last season;
should the dreaded contingency of European war pass away, the
requirements of a good trade might feel sensibly the curtailed
production of Colonial wool this season. The decline from the
highest point reached during these sales is evident chiefly in
middle and faulty clothing wools washed and (more especially)
Per cent. I Open-market rates:
Per cent.
Bank rate
3
2#®2# in the grease; scoured wools do not maintain the highest values,
| 4 months’bank bills
| 6 months’bank bills
Open-market rates:
2#@2# but still show an advance on November rates; New South Wales
30 and 60days’ bills
2*
4 and 6 months* trade bills. 2#@3# and
Queensland washed fleeces generally have been easier to buy
8 months* bills
2% !
during eight or ten days past; but.good and super combing
The rates of interest allowed by the joint-stock banks and Victorian wools, the better greasy South Australian, all good and
super lambs' and cross-bred wools of the better qualities, hold
discount houses for deposits are subjoined :
their values pretty well. Cape and Natal washed fleeces rule a
Percent.
Joint-stock banks
2
little easier, those in grease maintain their best prices, and
Discount houses at call
2
scoured are without much change.
Discount houses with 7 days’ notice
....2#
.
214
Discount houses with 14 days’ notice.
Annexed is
showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40’s Mule twist, fair second quality, and
the Bankers' Clearing House return, compared with the four
previous years:
a
statement
1874.
1875.
1876.
1877.
1878.
£
£
Circulation—including
£
£
£
bank post bills
27,014,407 26,924,025 27,106,515 28.286,902 27,407,074
Pablic deposits
9,706,318
8,720,864
9,803,159 11,530,029 12,287,814
Other deposits
18,740,226 18,810,779 19,621,728 22,615,486 23,338,414
Fresh arrivals
for these sales.
Cata-
1878.
1877.
34,602
74,006
52,877
145 879
954
3,525
58,218
166,591
2,330
33,259
59,699
63,042
12
2,403
1,720
12,305
24,869
29,263
29,284
31,261
322,910
150,207
bales (half Cape) had gone forward.
865,881
New S. Wales and Queensland.... ...bales.
Victorian.".
39,342
Tasmanian.
South Australian
West Australian
New Zealand
Cape and Natal
Total bales
♦
Of which about 12,000
Import
logued.
37,719
alarming state of political affairs has induced the holders
grain to demand higher prices ; but an
Government secarities. 13,812,327 13.595,887 14,357,605 15,502,035- 16,386,358
advance
of
only Is. to 2s. per quarter can he quoted, buyers being
Other securities
22,316,052 22,952,399 19,853,620 23,776,279 25,918,204
Reserve of notes and
very cautious in their operations.
The supplies of home-grown
coin
11,067,031
9,524,169 13,179,853 13,481,652 11,916,320
Coin and bullion in
produce have been very limited, but foreign grain, actual and
both departments... 22,637,201 21,165,924 25,000,933 26,464,292 24,032,245
prospective,
is plentiful. The first., week of spring has been
Proportion of reserve
to liabilities
39*13
45*
33*13 bitterly cold, and yesterday there was a heavy snow storm, which
Bank-rate
3# p. c.
8# p. c.
2 p. c.
8 p. c.
8# p. c.
Consols
92
93
It is
94#
96#
94# impeded very greatly our telegraphic communications.
English wheat,av.price 60s. lOd.
4!s. lOd.
43s. 4d.
51s. 2d. 48s. lid. believed that the fruit trees have been injured, but for cereals
Mid. Upland cotton...
8 3-l6d. 7 15-16d.
6#d. 5 15-16d.
6 9-lbd.
No. 40’s mule twist,fair
the weather is favorable. In some localities the snow has impeded
The
of wheat and other
....
2d quality
Is. 0#d.
Is.
Is. 0#d.
10#d.
lOd.
Clearing House return. 124,851,000 107,727,000 79,437,000 101,307,000 80,917,000
-There has been
a
better demand for the
means
of remittance
to the East this
week, and the council drafts have been disposed
of at an advance of £d., or at Is. 8$d. the rupee, and only 18 per
cent was allotted out of the total applications. No silver has,
however, been shipped to India this week. The price of that
commodity has, nevertheless, risen to 54£d. per ounce, owing to
some considerable purchases oh American account.
There is still
>
agricultural work, hut the recent somewhat protracted fine
weather has enabled farmers to sow a large breadth of land, and
to leave
little work undone.
During the week ended March 23 the sales of home-grown
in the 150 principal markets of England and Wales
amounted to only 31,151 quarters, against 42,565 quarters in 1877,
while in the whole kingdom it is estimated that they were only
125,000 quarters, against 171,000 quarters. Since harvest, the
sales
in the 150 principal markets have amounted to 1,283,351
a demand for gold for Germany; and about £260,000 has been
quarters, against 1,42l,980quarters; and in the whole kingdom
withdrawn from the Bank for that purpose.
to 5,133,500 quarters, against 5,688,000 quarters in the corres¬
According to the Gazette returns, the imports of gold into the
United Kingdom in 28 days of March, amounted to £655,348; ponding period of last season. Without reckoning the] supplies
and the exports to £1,254,826.
The imports of silver were
£1,503,445; and the exports, £1,345,790. The imports of gold
and silver amounted to £2,158,793, and the exports to £2,600,616,
showing a loss of £441,823.
The following are the supplies of bullion at present held by
the principal Continental banks: Bank of France, £80,119,009 ;
Imperial Bank of Germany, £26,290,000; Austrian National Bank,
£13,745,000; Netherlands Bank, £10,381,000; and New York
Associated Banks, £7,938,000.
The supply of gold held by the Bank of England, which at
the commencement of March was £24,386,777, is now £24,032,245, showing a diminution of £354,532. The reserve of notes
and coin has decreased from £12,476,657 to £11,916,320, or to the
extent of £560,337 ; but the total of “ other securities ” has risen
from £22,174,533 to £25,918,204, or to the extent of £3,743,671.
The Clearing House returns for the month of March (28 days)
give a total of £416,516,000, against £398,777,000 last year, show¬
ing an improvement of £17,739,000.
The stock markets have been very sensitive during the last two
days, and all classes of security have experienced an important
fall. The heaviest reduction has been in Russian stocks, which
have been dealt in as low as 74. The Russian Exchange has also
relapsed about 14 per cent during the week, the price of the
rouble being only 21$d., against 82d. in times of peace and normal
^prosperity. Consols are decidedly weaker, and there has been a
fall in American stocks, bat not to any serious extent. British
railway shares and most Continental government securities have
exhibited considerable
depression.
wheat
furnished ex-granary, it is computed that the
of wheat and flour have been placed upon
following quantities
the British markets
since harvest:
Imports of wheat
Imports of flour
Sales of home-grown produce
1877-8.
1876-7.
1875-6.
cwt.
cwt.
cwt.
cwt.
33,185,196 21,216,155 33,195,789
3,836,376
3,466,472
* 5,084,833
22,241,751 23,595,100 24,626,200
21,056,109
61,608,365
57,951,651
209,955
50,277,727
638,371
60.464,780
Total
Exports of wheat and flour
1874-5.
...
1,102,162
160,047
4,209,242
32,636,300
59,362,613 49,639,356 61,448,318 57,741,696
44s. Od.
45s. 7<L
49s. 3d.
price of Eng. wheat for season 53 s- Od.
Result.
Aver,
of cereal
produce into and from the United Kingdom since harvest, viz.,
from the 1st of September to the elose of last week, compared
with the corresponding period in each of the three previous years:
The
following figures show the imports and exports
XXPOBTB.
1876-7.
1877-8.
Wheat
cwt. 33,135,196
Barley
8,886,939
6,401,496
1,047,210
2,156,142
Oats
Peas
Beans
Indian Com
Flour
..
....
17,267,658
5,084,833
"
21,216,155
6,161,731
5,762,862
792.862
2,725,516
17,980 666
3,466,472
1875-6.
1874-5.
33,195,789
21,056,109
9,258.278
4,908,717
1,033,817
5,692,839
5,345,372
936,719
2,143,157
12,796,199
3,886,376
1,387,638
8,303,758
4,209,242
XXPOBTB.
Wheat
....cwt.
Oats
Peas
.......................
Beans
Indian Corn
Flour
1,054,985
34,912
74,471
Barley
15,259
12,487
• ••••• • • • •••••• •*
94,951
37, m
616,538
19.795
73,570
18.796
17,950
287,928
21,783
146,617
18,407
169,372
170,888
154,474
42,552
23,121
15,001
5,465
81,398
83,4*7
13,480
1,810
39,567
BaxtUM Rarkei
the
markets of London and Liver¬
shown
week have been reported by cable, as
following summary:
bullion in the Bank
England has decreased £453,000 during the week,
London Money
of
and Stock Market.—The
Console**for money..
94 11-16
account.. 94*
0.8.6s (5-20s)
U.S. 10-40S
5s of 1881
New 4^8...:
1867.... 108#
116*
105*
.104*
Fri.
Tbur.
Wed.
94 11-16 94 11-■16 94 11-16
94 13-16 94 13-16 94 13-16
108*
108*
108*
106*
106*
106*
105*
105*
105*
104*
104*
101*
Tues
Mon.
sat.
.
106*
105*
104*
Flour (extra Siate)
tfbbl
Wheat (R. W. spring).ctl
s.
d.
29 0
9 9
28
6
9
9
0
s.
29 0
9 9
11
11 0
(Red winter)..... “ HO
“
(Av. CaL white).. “ 11 2
«
(C. White club)... " 11 5
quar. 26 0
Corn (new W. mix.)
Peas (Canadian) V quarter. 87 0
»
d
d.
11
11
26
37
11
2
5
0
0
11
25
37
9
11
11
It
25
37
0
4
9
0
9
9
0
11
11
11
0
4
9
0
25
37
9
0
0
4
6
0
Beef (prime mess) 9 tc. ...
Pork (W’t. mess)....bbl
Bacon (l*g cl. in.)—$ cwt
Lard (American).... **
Cheese (Am. fine).... “
s.
0
0
3
6
0
82
50
27
37
63
6
0
3
3
0
82
50
27
37
63
d.
s.
d.
80
0
0
3
0
0
49
27
37
63
Fri.
s.
28
9
11
11
11
25
37
d.
6
9
0
0
4
6
0
Liverpool Produce Market.—
d.
a
s.
Tues.
s. d.
5 3
10 0
10
7
39 0
24 3
40 0
d.
5 0
5 0
cwt..
Rosin (common)...
-
0
10
7
0
24 3
40 0
“
(fine)....
10 0 10
9 gal
Petroleum(reflned)....
1034
*
(spirits)...,» a
7
Tallow(prime City).. 9 cwt. 39 0
39
«
Spirits turoentine...,.
11
Cloyerseed (Amer. red)
24 9
40 0
Wed.
s. d.
5 3
10 0
10
7
39 0
24 0
40 0
Tnur.
s.
d.
Fri.
s. d.
3
0
10
7
39 0
24 0
40 0
s.
8.
Mon.
Sat.
£
d.
5 0
l 9
d.
Lins'*d c’ke (obi). 9tE. 8 15 0
linseed (Cal.) 9 quar. 51 9
Bugar(No.l2 D’ch std)
on spot, 9 cwt
- 23 6
Sperm oil
9 tun. .72 0 0
Whale oil
M .85 0 0
linseed oil....9 ton .27 5 0
23
23
0
0
0
72
85
27
6
0 0
0 0
0 0
51
9
23
72 0
35 0
6
0
0
23
72 0
85 0
6
0
0
26 15
0
23 15
0
....
Apr. 4—Str. Camndelet
Apr. 5—Str. Baltic
Nassau
Foreign gold
Amer. silver....
Liverpool
Silver bars
as
$5,843,813
23
72 0
35 0
26 15
5,064.243
...
chandise)
April 5:
FOREIGN IMPOSTS AT NSW
1876.
1877.
Drygoods
$2,171,498
$2,052,277
$1,906,280
General merchandise...
6,706,818
5,317,315
1871
1870
1869
1868
1867
week at the Sub-Treasury have been
■Payments.
Receipts. -
Gold.
$216,000
$372,418 24
$306,028 43
1,270.281 29
$279,970 19
447,409 78
1,126,264 93
290.623 47
347.000
301,000
257,000
327,000
278,000
470,759 77
610,931 96
378,912 08
~
123,341 52
121,863 17
502,276 97 1,365,183 57
136,411 89
260,486 60
571,378 63 1,067,391 15
$1,726,000 $3,336 696 76 $3,201,075 45 $3,094,111
April 5....... 106,761,364 16 31,907.614 96
April 12
107,008,949 43 32,153,775 14
—>
Currency.
Currency.
$277,529 40
925.300 18
441,312 66
431,926 23
872,729 80
503,116 25
49 $2,954,914 57
Comptroller of the Currency, Hon. John Jay Knox,
following statement of the currency movements and
Treasury balances, for three
71.S. Bonds held as security from
Bonds for circulation deposited
months past:
Nat. B'ks
-
Jan. 31.
Bonds for circulation withdrawn....
Total held for circulation
Bonds held as security for deposits
Legal Tender Notes.—
Deposited in Treasury under act of June 20,
1874
Total now on deposit, Including liquidating
banks
..
Retired under act of January 14, 1875—
Total retired under that act to date
Total amount of greenbacks outstanding..
National Bank Circulation.—
issued
Gold
for redemption from—
.
Philadelphia
Cincinnati
Chicago
Miscellaneous
322,933
903,530
11,828,585
11.686,799
492,400
33,381,976
12,182,963
1,0:2,800
615,500
653,448
320,557.8:1
961,640
750,617
1,432,120
1,432,120
4,881,COO
7,821,000
3,737,000
5,372,000
5^,240
32,8^9,576
349,110,424
f
Com certificates
outstanding.
.
769,312
34,151,288
348,618,024 347,848,712
927,000
768,000
61,000
165,0(0
4,171,000
134,000
Total...
$18,029,000
Treasury Movements.—
Balance in Treasury—Coin.
126,882,989
Currency:
3,170,490
Currency held for re¬
tional currency...
March St.
67,500
621,585
Circulation retired
Total circulation outstanding—Currency... 320 647,690
Notes received
New York
Boston
Feb. 28.
$2,090,650 $2,740,900
S,027,200
1,763,600
1,870.150
346 302,050 346,622;550 346,336,260
13,693,000 13,453,000
13,493,000
$1,878,100
demption of frac¬
4,346,278
;
Gold.
1878
$1,472,811
6,208.831
$2,907,667
6.1 2,639
7,187.685
2,589,164
665,678
Customs.
YORK YOB THE WEEK.
1875.
»
....
The transactions for the
follows:
Balance,
were
1,115,031
1,059,*88
578.725
..
Total
6
0
0
0
1,452.159
.w.
Balance,
1.960
243,325
$5,806,593
•.
6
8
9
10
11
12......
1,876
6,600
Same time in—
Same time in-
1877
1876
1875
1874
1873
1872
600
134,146
2,250
$597,762
Total since Tan. 1, 1878
«€
$4,416,304. against
|4,561,062 the preceding week and $6,893,801 two weeks pre¬
vious.
The exports for the week ended Apr. 9 amounted to
$6,496,993, against $6,316,755 last week and $6,948,985 the pre¬
vious week. The exports of cotton for the week ended Apr. 10
were 8,780 bales, against 10,021 bales the week before. The fol¬
lowing are the imports at New York tor week ending (foi dry
goods) April 4 and for the week ending (for general mer¬
imports
1,600
.........
~
<4
Fri.
£ s. d.
8 15 0
51 9
gold.
Amer.
Total for the week
Previously reported
5
Imports and Exports for the Week.—The imports last
week showed a decrease in dry goods and an increase in general
total
26,000
Amer. sliver....
Havre
Amer. silver
New circulation
The
127
Amer. gold
Foreign gold...*.
Havana
10
©ommeixtul and fXXisceXlattciws Items.
merchandise.
142,315
6,360
13,567
8,243
...Amer. silver
Aepinwall.
Apr. 4—Str. Columbus
From the
have the
Thur.
£ s. d.
8 15 0
8,223
gold
Foreign silver
Foreign gold...,
...
we
Wed.
£ s. d.
8 15 0
51 9
$14,071
Cruz.,...... Amer.
Amer. silver....
Amer. silver
it
3
0
10
7
39 0
«4 0
40 0
5
10
periods have
...Lagaayra
it
and Oil Markets.—
London Produce
Apr. 1—Str. City of New York... Vera
April
Mon.
Sat.
7,080,Oil
5,691,744
Gold duet
Fri.
d
s.
SO 0
49 0
27 6
36 9
63 0
Thur
s. d.
80 0
49 0
27 3
37 0
63 0
Wed.
-Tues.
8. d.
81 0
50 0
27 3
87 0
63 0
Mon.
16,897,258
specie at this port during the same
Apr. 2—Str. Clyde
Liverpool Provisions Market.—
Sat.
s. d.
The imports of
been as follows:
Apr. 2—Str. Gen. Werder
Apr. 4—Str. Hadji
s.
7.064,951
9,584,061
16,510,818 I 1867
6,610,0731 1866
1C4*
Thur.
d.
28 6
Wed.
s.
d.
28 6
Tues.
Mon.
sat.
*
....
Silver bars
108*
106*
x!04*
108*
$16,668 880
13.813,74-3 j 1870
17,416.273 11869.
9,464,034 | 1868
.
Liverpool Breadstufis Market.—
s.
1877
1876
1875
1874
1873
1873
95
95
94 11-16
94 11-16
special report of cotton.
Liverpool Cotton Market.—See
1871
[Same
time in—
Same time in-
ReporU-Per Cable.
The daily closing quotations in the
pool for the past
359
THE CHRONICLE.
13, 1878.]
April
10,000,000
42,733,800
28,000
3,500,000
320,761,394
1,432,120
3,356,000
5,045,000
386,000
158,000
187,000
2,894,000
$13,539,000 $12,026,000
131,318,156 138,357,606
2,690,765
751,851
10,000,000
48,456,000
10,000,000
57,883,400
2,941,491
Yirginia State Coupons.—Auditor Taylor, of Virginia, has
a circular to the collectors of taxes throughout that State,
Previously reported.... 97,997,975
ia which he states that only such coupons can be received as shall
Since Jan. 1
$94,614,907
$108,876,291
$90,764,536
$79,179,438 have matured at the time of tender, and bear upon their face that
In our report of the dry goods trade will be found the imports they are “ receivable for all taxes, debts, dues and demands due
theState. ” No coupon indorsed with a credit for part payment
,of dry goods for one week later.
is receivable, and in no case will coupons be received unless
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending accompanied by the affidavit required by law. The market value
of the bond upon which the tax is assessed has been fixed by the
April 9:
two State auditors at $58.
Auditor Taylor also calls the particu¬
EXPORTS FROM NEW YORK FOB THE WEEK.
lar attention of collectors to the fact that the tax is required to be
1878.
deducted from all matured coupons when tendered in payment of
1875.
1873.
1877.
$5,496,993
For the week
$4,596,059
$4,801,300
$5,995,142
88,453,525 taxes or other dues to the Commonwealth, whether the bonds
Previously reported....
60,970,949
64,553,428
58.005,090
from which they were detached be owned by residents or non¬
Since Jan. 1.
$62,601,149
$94,950,518 residents of the Stute of Virginia.
$64,872,249
$70,548,570
Total for the week.
$8,878,316
$7,369,522
87,245.385
$6,252,553
$4,416,301
64,511,978
74,763,134
issued
_
from the port of
—Attention is directed to the advertisement of St. Louis city
and also a com¬ bonds, which will be found in the Chronicle this week. The
parison of the total since Jan. 1, 1878, with the corresponding Mayor of St. Louis calls for proposals, till the 20th instant, for
totals for several previous years:
$1,328,000 of 5 per cent gold bonds of St. Louis city, payable
This is a nre lot of bonds to be offered
Apr. 4—Str. City of Brussels.
.Liverpool
Amer. silver bars. $30,700 twenty years after date.
26,000 in the present times, and there is little doubt of an active compe¬
Apr. 4—Str. Frisia
London
For. gold coin
2,100 tition for them.
*... For. gold coin
Hamburg...
109,442
Apr. 5—Str. Germanic
Liverpool
.For. silver dols.
300,000
—The sale of the Erie Railroad is confidently expected to take
Apr. 6—Str. General Werder
Southampton.. ..Amer. gold coin..
25,511
Mex. gold coin..
place
on the 24th of the present month, and we understand from
bars..
Mex. silver
6,210
good authority that the reorganization of the company will be
immediately proceeded with and a virtual settlement of all the
lvJ5!Sf0rtliew?ek
*
$501,963 difficulties
sTcnousiyreported.
4,539,816
which have beset this great trunk line thus finally
The following will show the exports of specie
New York for the week ending April 3, 1878,
..
..
„
*
.
v
.
.....
Total since Jan. 1, 1878
.....
..
$5,041,809
concluded.
THE CHRONICLE
360
Mch. '
%\xt gatttes' (gazette.
^NATIONAL
29.
BANKS ORGANIZED.
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week :
3,381—National Bank of Smyrna, Delaware. Authorized capital, $100,000;
The Unitea k-.ates
paid-in capita
i-
uth' rized
,
D. J. Cummin-, President; W. M. tSell, e ashier.
$ 00,00»,
io commence
bu-ine^s April 4, ;878.
O I V 1 D E N
US.
The follow*ns/ dividends have recently been announced
Name of Company.
:
Books Closed.
When
Payable
iDays inclusive.)
4
May 15.
Apl. 18 to May 14.
10
April 15.
Per
Cent.
Railroads.
Baltimore & Oh o (in stock).
Insurance.
Metropolitan
FRIDAY, APRIL 12, 1878-& P. ill.
The Money market and Financial Situation.—The event
of'the week surpassing all others io importance was the negotia¬
tion by Secretary Sherman of $50,000,000 of the 4f per cent
bonds.
Th s transaction was made with the members of the
former Syndicate of bankers, who took the 4 per cent bonds, and
the agreement is for the sale, for resumption purposes, of
$50,Q0U,0U0 United States 4f per centum fifteen-year bonds at
par and accrued interest and If per centum premium in gold
coin, -$10,000,000 to be subscribed immediately and $5,000,000
pe? month during the rest of the year. It seems to be generally
conceded that the Secretary has made a decidedly favorable nego¬
tiation for the Government, and the'moral effect on the credit and
standing of our bonds will be much greater since the arrange¬
ment is made with the Syndicate embracing those prominent
London houses than if it had been made with the national banks
inlhis city,
The money market has worked more easily than last week,
and on call loaua the rate has been 5 to 7 per cent, while on gov¬
ernment collaterals plenty of money has been offered for 90 days’
time at 4(a4f per cent.
The last bank statement, on the 6th
inst..
urprise, showing,
was rataer a
as
it did,
a
loss of $2,146,-
900 in specie and $2,788,400 in legal-tenders, making a net
decrease of $3,506, 00 in tbe surplus reserves, and it accounted
in some degr< e for the stringency in money.
In prime commer¬
cial paper there is a moderate' business doing at 5 to 6 per cent
for choice names.
Th-* Bank of England statement on Thursday showed a decline
of £433,000 iu specie for the week, but a reserve of 33f per cent,
against 32 1-16 the previous week; the discount rate remains
unchanged at 3 per cent, while money in the open market is 2f
per cent.
The Bank of France gained 5,706,000 francs during
the week.
The last
the New York City
Clearing-House
banks, issued April 6, showed a decrease of $3,506,509 in the
exeess above their 25 percent legal reserve, the whole of such
excess being $12,091,950, against $15,598,400 the previous week.
statement
of
The following table shows the changes from the
a comparison with the two preceding years:
previous
D. S. 6s, 5-20s. 1867....:..
H. 8. 5s. 10-408
{
5s of 18814
|
1878.
March 30.
April 6.
•
1876.
-
Differences.
April 7.
April 8.
$941,800 $260,196,800 $261,786,200
Loansanddls. $241.5 0.900 $24U,649,100 Dec.
Specie.'
Circulation,...
Net deposits..
3?<,7o7.600
19.ul2.300
36,620,700 Dec. 2,146,W00
19,944,600 Inc..
32,3u0
2(,336,8oO
2i,5u?,9G0
2l0-i78,400 204.663,200 Dec . 5,715,2u0 2l8,246,4u0 207,99 ,800
29,425,400 26,617,000 Dec. 2,788 400
42,257,200 38,700,400
United States Bonds.—The market for
government bonds
Legal tenders.
ha^to-day been adjusting itself to tbe new order of things under
which $50,000,000 4f per cents are to be sold to accumulate gold
for resumption, and sales of 4 per cents are to go on by the
Treasury (so far as possible) and the proceeds to be used for pay¬
ing off five twei ties. The demand for government securities in
small lots still continues to be active, and nearly all the dealers
in investment securities report more or less orders received every
for larger amounts
and in the country.
1
a
demand
from financial institutions, both in this city
| 104*
as
follows :
April April April
Int. period.
6.
8
9.
6s, 1881
reg..Jan. & July. 107* 107* 107*
6e, 1881
coup.. .1 an. & July. 107* *107* 107*
6s, W30s, 1865, n. i...reg.. Jan. & July. 104* 104* 104*
6s, 5-20s. 1866,n.i..coup..Jan. & July. 104^ 104* 104*
6s, 5-20s, 1867
reg.. Jan. & July.*i0T*
107* *107*
6e, 5-20s, 1867
coup..Jan. & July. 107* 107* 107*
68,5*208, 1868
reg.. Jan. & July. 110
*109**109*
6s, 5-20s, 1868
c.up.. Jan. & July.*109* 110
*110
Be, 10-408
teg..Mar. & Sept. Iu5* *105* *105*
Be,1040s..
co p..Mar. & Sept. 105* 105*
105*
Is, fended, 1881
reg..Quar.—Feb. 105
104* 104*
Be,funded, 1881... coup..Quar.—Feb. 104* 104* lu4*
4*8, 1891
1891
reg.
reg..Quar.—Mar. *108* 103* 103*
4*s, 1891
coup..!Quar.—Mar. 103* 108* 103
4s, registered, 1907.
Juar.— Jau. 100* 100* 100*
Juar.— Jan. *100* ICO* 100*
4s, coupon, 1907....
6s, Currency, 1895-99 reg, Jan. & July. 118
*L8
lib*
108* Apr. 12
109* Jan. 26
106* Jan. 15
105* Jan. 2
1(,4* Feb. 25
103* Mch. 1
2* Feb. 25
18956.
104*
105* Jan. 24
•
Bondi*—Sou hern Siate bonds
are
gen¬
falls due.
In railroad bonds there is continued
activity, with
strength- and moderate
good deal of confidence in the better condition of
a
railroad property.
Messrs. A. H. Muller & Son sold the
SHARES
190 National Park B nk
As.-o
404 Am. Exch. Nat. Bank.. 99*@1C0*
270 Merchants’ > at. Bank
108*
22o Continental Nat. Bank..76*^76
10 Bank of America
....135
86 Nat. .^hoe & L. Bank
109
30 St. Nicholas Nat. Bank
70
5 Market Nat. Bank......
101
5 Mercantile Mut. Ins
60
8 Four h Nat. Bank
98
87 Sun Mutual Ins
50
2 Leather Manuf. Sink
...160
50 Tradesmen’s Fire Ins
133*
14 Mercantile Fire Ins..
fc5
10 Home Ins.... ;
108
2uBro klyu Academy of Music,
wi h two : dmi;S. tickets... 70*
6) Commerce Fire Ins
60
9 Commerce F re Ins
56
25 Cou iuenta Fire Ins. .155*® 155
6) Mech. & Trad* rs’ Nat. B’k....9^*
40 Mech. & Traders’ Nat. B’k... 90*
64 Butchers’ & Drovers’ B’k.... 71
Rochester City Water
Works 7s, due 1903
...108*
3,030 Ohio State 6s, reg., due
1881
..4.. .105*
9,000 Central Perk Fund 5 per
cent reg. stock of City of
New York, due
< ity of Boston 5s, $1,000
due 1880, $4,oc0 due 1863,
$5,000 due lo84
.. U>3*®1C4
10,000 Ci y of Brooklyn 6fe,
Water Loan,
due July,
107*
10,000 1 incinnati 6s, Water
C6
Bonds, due IwO
3,000 J fferson RR. 1st mort. 7s,
due 1839, gu r.
by Erie RR. 77
1,000 Denver & nio Giande RR.
1st
mort. 7s, gold,
due
1900; May,’77, coupons on.. *0*
"
50
securities were also sold :
SHARKS,
Mech.
&
BONDS.
$8,000 Joliet & North Ind. RR.
100 Staten Island RR
il30*
180 Am. Dis. Tel. Co., B’idyn.... 51
4 Nat. Bank of Northern Lib¬
erties of Phila
268*
2* Farmers’
97
10,DOo
BONDS.
186'
98
898...
3,0C0 City of Louisviiie 6s, due
$1,0:0 Morris & Essex RR. ts,
i
conv., due 190J
79*
230 N. Y. Mut. Ins. scrip of
•
108*
7s. due It91
5,000
........
The following
:
BONDS.
of 1873, 82*; $3,7£0 of 1874,
81; $5,720 of 1675, 79; $1,770
of 1877, 74.
1,000 Jersey City Water Loan
107*
.
following at auction
$24,540 Commercial Mutual Ins.
scrip, viz : $1,190 of 1871,
92; $2,65u of 187-2,88; $4,880
93
Nac. Bank
1L*
200 Bank of N. Y. Nat Banking •
148 Metrop.
1st mort. 7s
4
-
90
2,000 Atchison & Pike’s Peak
RR (Cent. Branch Union
Pac.) ts, gold, 1st mort
33
8,000 Atch son & Pike’s Peak
RR. (Cent. Branch Union
Pac.) 6s, gold, 1st mort...., 30*
Nat.
Bank of Phila
125*
6 Phila. Nat. Bank of Phila —169*
2 Bank of N. America of Phfla.242*
10 Nat. Bank of the State of
Closing prices of leading State and Railroad Bonds for three
weeks past, and the range since January. 1, 1878, have been as
""
follows:
States.
Louisiana consols.
’e9 or ’90
North Carolina 6s, old
old
Virginia 6s, consol
do
do
2d series...
District of Columbia, 8-65s 1924
April April April.
11.
12.
10.
107* 107* 107*
117*
107*
104* 104*
104* 104*
107* 107*
107* 107* 107*
no* 110* *109*
♦109* *109* 110*
105* *105* 105*
105* *105* 105*
*x3* 103* K-8*
104* 101* 104*
103
103* 103*
103
103* 103
100* 100*4 100*
100* 100* *100*
118* *118 *118
107 *
104*
104*
*107*
*70
*30
74
*72
*30
*67
74*
75
Highest.
Lowest.
12.
76* 74*
77* *•74*
*KH»i, 104*
*105* *105
15
*15* *15* 15
*38* *39*
39* 83*
Missouri 6s,
Tennessee 6s,
Range since Jan.l,1878.->
April
Mch. April
5.
29.
74
85
Feb. 11
Feb. 6
Jan. 7 106
Mch. 29 17* Feb. 8
April 1
Jau.
4 39* Apr. 11
Apr. 12
80
Jan. 29
Railroads.
68
68*
*68*
Central Pacific 1st. 6s, gold ... 106* 105* 105*
Chic. Burl. & Quincy consol. 7s •lie* 110* 110*
97*
97*
97'4
Chic. & Northwest’n, cp., gold
96*
96*
Chic. M. & St. P. cons. s. fd, 7s
96*
107*
Chic. R. I. & Pac. 6s, 1917
•107*
*113
*113
Erie 1st, 7s, extended...
Lake Sh. & Mich.So.lst cons.cp
*109*
Central of.N. J. 1st consol.
...
,
Closing prices at the Board have been
108*
106*
106*
105* xl04*
erally firm, and some of them are in demand at home. TheU. S.
Supreme Court at Washington, in the case of Murray vs. The
City of Charleston—error to the Supreme Court of South Caro¬
lina—Iras rendered a decision.
In this case the C >urt holds that
no municipality of a State can, by ordinance, under gaise of tax*
afion, relieve itself froth performing to the letter all that it has
expressly promised to its creditors. Hence the city of Charleston,
which had agreed to pay 6 per cent interest on ceriain of its bonds
to the holders thereof, could not by a subsequent ordinance tax
those bonds and withhold the amount out of the interest as it
16,297,600
15.931,903
dajy for bonds of small denominations. There is also
U
Missouri; cert. 794...20c. per sh.
1877.
.
105*
104*
State and Railroad
i
5.
| 108*
107*
—Range since Jan. 1,1878.->
Lowest.
Highest.
April ‘ April
1
j 108
percents
New 4*
week and
,
[Vol. XXVI;
N. Y. Cen. & Hud. 1st, coup...
Ohio & Miss., cons. sink, fund
....
,
Michigan Central, consoL 7s... *108*
Morris & Essex, 1st mort...... *118
*109
*119
*119
*98*
106
110
109
5
Jan.
7
118
*98* 95* Feb. 20
*119
118
Plttsb. Ft. Wayna & Chic. 1st *118* *119
♦103* 103
9t. Louis & Iron Mt.. 1st mort. *108* 103
107
Union Pacific 1st, 6s, gold
*105* 105* 103*
do
95*
93* 92*
95*
sinking fond....
* This is the
price Did; no sale was made at the Board.
Railroad and miscellaneous
Mch.80
Mch.28
Apr. 12
Mch.27
April 6
Mch.20
Jan. 5 108
Mch.25
Jan. < 113
Jao. 10 110* Mch.28
109* 105* Jan.
*119
115* Jan.
*119
*99*
64* Mch. 4 68*
U»S* Jan. 15 106*
Jan. 2 119*
109
91* Jan. 14 97*
91* Jan. 5 96*
Feb.
8
April 5
Jan. 7
Mch. 6
110* April 4
Mch. 30
119
120
Mch. 19
100* Jan. 30
U9tf Apr. 10
106* Jan. *4
107* Mch. 9
97* Feb. 18
stocKs.—The stock market
The SV Paul
active of the
speculative favorites, the former closing to day at 47f for the
common, and Northwest common at 5If.
The market was
generally weaker on Wednesday, partly in consequence of the
declaration of a scrip dividend by the Baltimore & Ohio company,
but since the Treasury negotiations on Thursday there has
♦This is the price bidV no sale was made at the Board.
generally been a more buoyant feeling, and prices at the close
The range in prices since Jan. 1, 1873, and the amount of each are near the
highest point of the week on several of the most
class of bonds outstanding April 1, 1878, were as follows:ac:ive stocks.
Railroad earnings for March and for the first
Range since Jan. 1,1878- ,—Amount April 1.—T quarter of
his
year, as compared with 1877, will be found on
Lowest.
Coupon.
Highest.
'
‘
c,
6s, 1881
coup.
6s, 5-20s, 1865,new..coup.
6e, 5-20s, 1867
coup.
6s, 540s, 1868
coup.
Bs,-10408
coup
Is, funded, 1881.... coup
4*s; 1891
coup.
4s, 1907...
coup.
6s,Currency.
reg.
Closing
195* Feb.
102* Jan.
105
106*
103*
102*
101*
100*
117*
Registered.
107* April 6 $194.315 950
104* April f
48,552 650
Feb.
107* Auril 6 101,967,100
Jan.
15,8»7,500
l!0* April 12
Mch.
108* Jan 26 142.685.700
Feb.
106* Jan. 24 226.331,800
Mch.
104* Jan. 11 124.284.050
April 10 102* Jan. 9
61,831,200
64,623,512
April 5 120* Jan.
88.390,400
58.804.450
208,709.350
21,677.800
51 6-0 600
another page.
The annual
...
,;
-
*
Joseph Railroad Comjust issued for 1877, shows the following results :
report of the Hannibal & Stl
p ny,
Gross earnings
Operating expenses.
’IS
282,102.050
75,7; 1,950
Balance net earnings
18,018,800 [ Deduct
interest on the funded debt...
prices of securities in London Have been as follows:
has been fairly steady on a moderate business.
and Northwest stocks have been among the most
1.150,000
.*.$795,478
660,000
„
%
Leaving
4-
1.4
..
..................
$135,478
vv
11
Lake
North-
Shore. Union. PanL
9 000 12,200
9,410 22/45
4 617 21,850
23,100 19,426
west.
6
17,9 5
18,530 30,690
27,950 17,187
28,735 21,680
21,860
10
5,300
20,510
55,375
3,010 20,225 28,410
8,600
21,250
6,700
8,060 18,800
9.150
5,200 30,50J
18,720
15,100
9,800
6,720
14, <00
The total number of shares
the last line, for the purpose of
The daily highest and lowest
comparison.
Tuesday,
April 4.
April 8.
April 9.
15* 16*
102* 101*
4 * 46*
71* 72
43* 49*
71* 72*
102* 102*
54* 55*
54* 5:.*
107
N.Y.Cen.&H.R
106* 107
Ohio A Miss...
Pacific Mall...
Panama
9*
20* 20*
*
107
•X 10*
20* 20*
9*
ISO
‘127* 130
19* 20*
19* 20*
68
Union Pacific.
47*
67* 67*
62
62* .82
81*
West. Un. Tel.
102
Adams Exp... 10*101* 102
49* 49* *49
49*
American Ex.
United States.
fO* 51
50* 5‘*
89*
90
*99*
91*
Wells. Fargo..
18* *17
19
Quicksilver.... *17
•
do
31* *30, 81*
pref.
*
These are the prices hid and asked
Wabash, stock
...
were as
io*
ii*
-26
Frida*.
16* 16*
102* 102*
17
16
102* 103
45
46*
4>
71
72*
102*
5>
55*
1*
11*
54* 54*
51* 55*
‘0* 1 *
•11
11*
ag- 11$
*75* ?§*
ss* S3
76* 77*
46 s 47*
72% 72*
50
51*
72* 73
10!* 102*
15*
71* 72
48k 50
7i* T2
101* ;o;*
71*
47* 49*
71*
101*
54*
54*
10*
April 13.
16* 16*
102* 1(2*
April 11.
April 10.
77
.
17*
19*
67* 63*
82* 82*
•101* 102
49
no
2f*
*.... 130
19
19*
i9*
67*
67* 67*
82* 82*
81* 82*
noi*
M3*
....
49*
102
49
102
49
8*
*50
51
90
18
50* 50*
19
123
»126%
63*
•89* 91
•17* 18*
•30
10* 10*
82*
49
26
75*
66* 66*
63 V 70*
76* 76*
10- * 1(M*
10* 10V
29
19*
106*
106 k
180
19
54*
75*
106* 106*
10* li*
106* 106*
10* 11*
20* 20*
54*
54*
56*
It* 1*
11* 11*
77
*17
*30
82
the Board,
in prices since Jan. 1,
Highest.
18* Jan. 14
105* Feb. 18
48* April 5
73* Jan. 9
51* Apr. 12
73* April 2
105* April 3
56* Mch.29
56* Mch 29
Lowest.
2,721 13* Jan.
'
90,255 46* Mch.
17,302
7* Jan.
Delaware Lack. A Western
Erie
915
Hannibal A St. Joseph
1,900
do
."
do
pref.....
440
Illinois Central
129,693
Lake Shore
8,123
Michigan Central
Morris A E^sex
2,725
N. Y. Central A Hudson River..
2,190
Ohio A Mississippi
65,835
10
Feb.
21*
72*
59*
58 $4
67*.
Feb.
Feb.
Jan.
Jan.
Feb.
12* Jan.
27
United States Express
.
98
199
82* Jan.
15* Jan.
29* Feb.
500
pref....
130
103* Feb.
8
Jan.
2
50
heading “ Jan. 1 to latest date” furnish the
Latest
earnings re
1877.
187L.
Atch. Top. A S. Fe...Month of Mqh..
Atlantic A Gt. West..Month of Feb...
$305,000
260,879
117,935
Atlantic ML*. A O...Month of Feb...
iBur.C. Rap. A North. 1st week of Apr.
29,03j8
(Cairo A St. Louis
3d week of Mch.
5,253
Central Pacific
Month of Mch.. 1,224,410
;Chlcago A Alton
1st week of Apr.
Chic. Burl. A Quincy..Month of Feb...
Chic. Mil. A St. Paul... 1st week of Apr.
dev. Mt. V. A D.,Ac. .3d week of Mch.
Dakota Southern
.Month of Mch..
Deny. A Rio Grande.. .Month of Mch..
Det. Lansing ANorth.Monthof Jan...
...
AA
Sabuque
•1.
8. City.. .Month of
of Feb...
Mch..
S.Antonio..Month
169,000
6,797
16,968
64,257
56,963
81,045
Hannibal
82,185
164,531
85,596
25,000
Illinois Cent.(Ht.line.)Month of Mch..
205,883
400,117
H.
Grand Trank
Great Western
W’k end. Mch.30
W’k end. Mch.29
A St. Jo... lstw.?ek of Feb.
Houst’n A Tex. Cent Month of Feb...
Iowa Lines.Month of Mch..
do
do
130,248
Jan. 1 to latest date.
1877.
1878.
$189,180
$662,500
$460,344
240,577
187,990
559 931
507,126
247.976
260,472
18,296
466.787
£33,548
38,2(0
5,6 9
55,157
1,245,373 3,3*3,410 3,861,159
72,665 1,038,708 1,094,794
871.768 1,1156,617 1,748,608
110,626 2,20 i,000
76,372
5,980
47.630
12,607
30,571
49.219
131.V59
179,448
56,903
45,602
45,602
24,910
187,598
69,004
155.851
176,233
71,634
163,437 2,293,144 2,108,739
92V592
76,002 1,169,528
26,925
157,148
149,721
1’87o!fa2
,
189,600
868,124
l,209l28i
113,978
383,041
42,856
331,828
275,818
348.518
637.788
422,723
587.648
1,039.39 i
;
307,490
Springf. div.Month of Mch..
ilndianap. BL AW....Monthof Mch..'
512.106
118,350
90,474
Wk A Gt Northern
.Kansas Pacific
M onth of Mch..
Month of Mch..
103,084
TjOUlsv. A Nashville.. .Month of Jan...
490,000
490,000
445,768
578,432
8,611
362,772
236,546
188,790
112,037
230,284
445.768
534,213
1,632,445
1,510,737
330,iio
79,486
93V 27
861*872
719,846
406,775
155,771
148,494
634,693
460,782
838,577
38,8*9
6,1*79
42,631
6,888
96,601
92,835
)
.
Michigan Central... Month of Mch..
Minneapolis A 8t L.. 1st week of Mch
Missouri Pacific.... ...Month of
Mch..
Mo. Kansas A Texas.wMouth of Mch..
J§°l>ile A Ohio
...Month of Feb...
..
.gfishv.Chatt. A St.L..Moniii of Feb...
Mew
,
79.971
911,150
Jersey Midland. Month of Feb...
>Pad. A Mizabetht’n. ..8d week of Mch.
Pad. A Memphis
8d week of Mch.
^ 5rte
Phils. A
• * • *■• * •
Reading
-Month of Feb...
275,282
525,410
St. L. f. Mt A South Month of Mch..
37,742
87,744
349,900
70,258
:,St Jos* A Western .Mouth of Feb...
SaJL A.AT.H.(brchsj. Month of Mch..
.
S'
North'n.lst week of Apr.
Ht L. AH.FranchK». .Month of Mch..
174.393
4,349
180,507
.Month of Feb...
...
247,505
189,616
298,960
43/ii
401,003
19&402
740,018 1,199,390
88,544
31,718
430.952
1,520,84.1
59,998
112.594
181,609
850,778 1,081.200
869,414
56,933
110,738
279,303
1.060 888
808.401
43,450
market.—Gold
■
date.
1877.
1878.
13t,141
7*425
135,221
68,197
81,338
81,8*8
60,006
54.135
83,078
81.833
12l,775
67,565
31,043
860,524
259,804
15,935
851,1(0 1,557,302 1,666,454
74,000 1.157,983 1,033,244
selling at 100$@100$ on
92,000
was
Thursday, and to-day ranged at lG0£<aiQG$, closing at the latter
The successful sale of government bonds to the Syndicate
for the purpose of accumulating $50,000,000 gold for resumption
purposes, together with the immediate fact that it is presumed
gold shipments wi l, for the present, terminate, are the principal
points in the situation. On gold loans the terms to-day wpre 4,
H, 5, 5^ and 6 per cent for carrying;.also flat.
Silver declined in London to 58£d. per oz.
The silver bought
in Lon-on for ,the Uniied States Government, which has mostly
arrived, is estimated at about $6,000,000.
The range of gold and clearings and balances were as follows:
price.
Monday,
April
“
Tuesday,
“
Saturday,
Wednesday,
Thursday,
Friday,
Gold. ' Currency,
Clearings.
$17,803.0<y' $1.10/,500 $1,656,915
9 <0,(35
910.700
9.923,000
13,201,( 00 1,325,500 1,386/96
100* 100* ICO* too*
Op’n Low. High Clos.
6... 100* H)* 100* 100*
8.... 100* 100* 10'* 100*
9....
10
100* too* 100* 100*
11..
io>* 10'* 100* 100*
12.... 100* 100* 100* 100*
“
...
“
“
.
100* 100* 100* 100*
101* 100* 101* 100*
Current, weelr
Previous week.
Jan. 1 to date..
19.033,001
1/96,300
1/11/79
18,100,000
1,350.000
1,300,861
$
$
'96/03/00 1,453,500 1,470,708
102* 100/, 102* 100*
following
are
quotations in gold for various coins :
$4 86
Sovereigns
Napoleons
3 87
X X Reichmarks....
X Guilders
4 72
3 90
§$4 90
8 92
4 78
—
Large silver, *8 A*s
—
98*®
98
@ 4 10
& 16 25
Mexican Doubloons 15 50 @ 15 70
Fine silver bare
118*@
119*
98*
94*
—
Five francs......... — 92*;
Mexican dollars.
—94
-
..
English silver.......
Spanish Doubloons. 15 (0
Fine gold bare
Dimes A half dimes.
Prussian silv. thalers
Trade dollars
4 75
—
—
65
98
i>ar@*prem.
with the Syndicate, and conse¬
London, have caused a decline
in the a tual dealing prices of foreign excliarge. and to-day the
business was dull at about 4 86* ft r 60 days’ sterling, and 4 88f
Exchange.—The negotiations
quent advance of U. S. bonds in
for demand.
In domestic
Quotations for foreign exchange are as follows:
April 42.
60 days.
4.86 @4.87
Prime bankers’ sterling bills on London....
Good bankers’ and prime commercial
Good commercial
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
theearnings
second column.
foss
from Jan. 1, to, and including, the period mentioned
/■
fc’lie Gold
Hamburg (reichmarks)
The latest railroad earnings, and the totals from Jan. 1 to latest
dates, are given below. The statement includes the gross earn*
lags of all railroads from which returns can be obtained. The
under the
of Apr.
Month of Feb...
1st week of Apr.
Toi.Peoria A Warsaw. 1st week
8wiss (francs)
Amsterdam (guilders)
,
oolumns
28,176
61,759
26,335
719/2
Antwerp (francs)
51* Feb. 25
90
April 6
19* Feb. 251 13
31* Jan. 2d 19*
Jan.
41,341
Documentary commercial
Paris (francs)
83* April 5
47* Jan.
**
Jan. 1 to latent
14,935
6,0*7
2,521
29,409
17,554
12,852
6,813
2,350
(Ken.div.)..3d week of Mch.
(Tenn.div.)..3d week of Mch.
St. Paul A S. City......Month of Feb...
8ionx CityASt.Paul. .Month of Feb...
Southern Minnesota. Month of Feb...
M
Union Pacific
Wabash
1877.
Boston scarce, at par.
73*
74*
92*
109*
11*
2o*
80
(StL.div.)3d week of Mch.
——
79
Mch. 20
78
Jan.
155
494
164
Feb. 25
1 m.
15*
33*
77
15
8
'
bill?, the following were rates on New York to¬
day at the undermentioned cities : Savannah, buyi g at 1-16
premium, selling at
premium; Charleston, scarce, par, 3-16(3)*
premium ; New Orle ns, commercial * premium, ^bank £ pre¬
mium ; St. Louis, 75 premium; Chicago, 25 to 50 premium; and
20* April 5
13* Mcb.
3,690 64* Jan.
41,287 75* Feb.
Wells, Fargo A Co
43*
69*
105*
74*
23* Jan. 16
131
Jan.
46
73*
79* Mch.29
108* Jan. 9
11* April 9
20^092
American Express
42*
April 5
70* Apr. 12
18,735 16* Mch.
Telegraph
37*
118*
Jan. 21
Feb. 4
77
67
Jan.
112
Whole
year 1877.
High
11* Mch.21
103* Feb.
7
date.-
8tL. AS .E’n
The
*89*
33
safe was made at
1.100 99* Feb.
Chicago Burl. A Quincy — ...
Jan.
124,325 36
Chicago Mil. & St. Paul..
do
do
7,950 68* Jan.
pref...
129,585 33* Feb.
Chicago A Northwestern
do
do
pref... 43.850 59* Feb.
Chicago Rock Island & Pacific.. 4,890 98* Jan.
7,254 45 Jan.
Delaware A Hudson Canal
do
6,175
2,100
follows:
Central of New Jersey
Quicksilver
540
100
9.200
follows:
75* 75*
66
66*
68*
Shares
Pacific Mail
Panama
Wabash stock
Union Pacific
Western Union
Adams Express
1,720
,
Sales
of w’k. r—Jan. 1, 1878, to
-
Mail.
& E.
500
830
226
720
340
110
Wednes’y, Thursday,
Total sales this week, and the range
1877.
Pac.
65,835 90,255 2,725 18,785
200.C00 524.0U0 30J.OOC 200.000
Drices have been as
Monday,
16% 16*
102* 103
46* 47*
72% 72*
'
of stock outstanding Ls given ip
Baturaay,
16* 16*
10.** 102*
<45* 4 *
72* 72*
dopref.
4 *
47* 49
Chic. A North.
71% 72*
do
72* 73
pref.
101>4 102*
C. K. I. A Fac. 102%
-55
55%
Del. A fl. Canal
54% 55
55* 56[
54% 55%
Del.L. A-West
10* 10*
10% 10*
Erie
11* i:*
11% t'%
Han. A St. Jos
26 H 26*
*26
27
do
pref.
75* 76*
Ill. Central...
75%
65k «*%
Lake Shore...
& 66*
68* 68*
68* 68*
Michigan Cent
78
78*
Morris Afiasez .77*
Central of N.J
Chic. Burl .A Q
C. Mil. a St. P.
& W.
12 675
,...129,585 129,693 44.287 124,335
....151,031 494,665 337,874 154,012
Total....
Whole stock
Miss.
earnings reported.
Latest
leading stocks were as follows
West’ll St. Ohio* Del. L. Morris
Total sales of the week in
A¥.rU
361
THE CHRONICLE.
&S&XL IS, 1878. j
318,984
„
Boston Bank*—The
banks for
1877.
Dec. 3..
Dec. 10.
Dec. 17.
Dec. 24.
Dec. 31.
1878.
Jan. 7..
Jan. 14.
Jan. 21.
Jan. 28.
Feb. 4..
Feb. 11.
Feb. 13.
Feb. 25.
Mar. 4..
Mar. 11.
Mar. 18.
Mar. 25.
a series
Loans.
*
4.85*@4 86
4.84*@4 85*
4.81 @4.65
5.16*@5.14*
5.16*@5.14*
5.16*@5.14*
40*@ 40*
95*@ 95*
95*@ 95*
95* @ 95*
95* @ 95*
8 days.
89 @4
88* 4J59
87
.
£6*
ts?*
5
12*
@5.12*
@5.12*
40*@ 40*
95*@ 96*
9o*@ fi8*
£5*@ 96*
95*@ 96*
15
15
following are the totals of the Boston
of weeks past:
Specie. L. Tenders. Deposits. Circulation. Agg.
$
t
Clear
$
$
$
128,034,700
127.951.900
127,699,700
124/30,400
127.723.900
2,811,500
3.0 '4,280
2,940,800
5.601.500
5.647.500
5,5)0,500
5.755.400
6,043,700
50,673,600 24,410,200
50,1 8/00 24 637.200
49,745,500 24.561.400
50,21 l,i 00 21,550,00)
50,615,i00 24.336.400
{42/35,086
129,026,800
131.015,000
130,875,000
129,082.100
127.596.300
126,920,500
125,421.600
125,322,(00
124,416,1(0
124,(84,400
124.650.900
124,537,400
124.217.300
125.030,200
4.293.400
5.100.700
5.366.400
5,47 ,0i 0
5,130,3 0
5,381/00
5,119.000
4.932.900
5.624.800
5,0/4,100
3.982.800
3.719.800
3,660,'00
3,192,700
52,767,000
24,766,300
58,119,105
51451371
51,2(6,347
2.935,600
3.347.900
5,024,400
8 512 700
8,8*8,309
8,996,600
5.433.700
4,039,400
5.850.700
4.113.400
4,174,000
6.294.400
.6,472,200
51.488.400
24,8:0,900
50,000,000
24.823,200
48,833.900 21.626 600
48,752 800 24 759, 00
49,004,(-00 26,06 ,‘XO
48/ 5,500 2 ,2 6,100
47,907,363
45,502,579
46,875,41*
89,551908
41,295,873
8», <46,161
;;44,37L064
41,564,258
48,906,500 25,100/00
84*204,810
49,491,200
49,035/10
25,2^7,700 40,546,165
25,174,300- 42,727,310
49.212.400 25,272,000
48,572,600 ^5,211,700
48,975.800 25.207*400
50,0t9,300 25,452.500
43,612,375
44,231,065
38,247,453
49,031,207
4.47'',000
Apl. 1..
6,517,200 4,433,600
Apr. 8..
Philadelphia Banks.—The totals of the Philadelphia banks
are as follows:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear
1877.
Nov. 19.
Nov. 26.
Dec. 8..
Dec. 10.
Dec. 17.
Dec. 24.
Dec. 31.
1878.
Jan. 7..
Jan. 14.'
Jau. 21.
Jan. 28.
Feb. 4..
Feb. 11.
Feb. 18.
Feb. 25.
Mar.,4..
Mar. 11.
Mar. 18.
Mar. 25.
Apl. 1..
Apft. 8..
$
59/19.038
59,150 819
59,096,735
59.41*,288
59,«»70,494
59,466.806
58,566,926
$
$
48/67,785
47/13,9 7
47/52,2:7
47/33.389
46,746,387
48,402,873
46,162/12
10,8' 6,728
30/13,565
13,361,852
47/47,944
10,921,256
13/0,655
47,197,084
10.910 639
2,014,689 12,941,827
47,014,740
46,418,848
10,975,584
11‘,990,448
$
1,472,532 13,629/74
1,410,424 13/37,169
1,335 604 13,883,237
1,348.346 13,4§2.b20
1,319,259 18,187,539
1,344/85 12,938,322
1,517,841 13,385,831
59.409,567
1,769,538
59,585, ;51
1/90,17?
59.737/38
59,127,790
58,721,420
5\(98.871
58,933,737
58,893,04!)
58/79,840
58,694,000
58,420,689
58,2^6,716
68.197,-78
68,971,947
2,076,102 12/30,413
2,225/90
2,185/24
13,319,450
13,182,576
12,579,148
12,660,258
12,794,362
2,172,782 12,635,756
2,369/25 12,143,650
2,811.626 12,262,(85
2,359,978 11,453,(67
2,143.897
2,i74,9 8
2,367/19 10,882,460
30,701,400
10,771,713
10,779,(95
10,848,315
10,866,. 05
46,332,315 110,99 ,361
,45,784.847 10,988.741
45,374.991 K,976,758
,45,137,637 11, 00, 90
45,‘-03,680 11,( 03,734
44,997,112 11,(HZ,028
44,770.251 11,00',415
11 015 926
t
34,941,032
33/74,910
28/74,523
87,540,759
32/91,358
SVJ32/47
28,454,192
87,329,846
36,860,675
89/39,558
29,478,861
29,507,210
28,520,206
28/74,357
24,112,687
32/06,006
83,104,101
*9,733,674
29/84,916
44,546,917
43,703,883
11,071,302
28,596,717
43/55,521
11,107,270
8709^/32
THE CHRONICLE.
New ¥©rl£ City
Associated Banks of New York City for the
ending at the commencement of business on April 6,1878:
week
-AVERAGE AMOUNT OF —
Capital.
Banks
Specie. Tenders. Deposits.
8
$
$
$
603,300 9.539.400
8.839.600 4,086,800
530.100
5,060,400
5.893.100 1,441,000
924.200 7.472.100
8.238.800 1,811,000
$
New York
Manhattan Co...
3,000,000
2,050,000
3,000,000
2,000,000
1,200,000
3,000,000
Merchants’
Mechanics’
Union
America
Phoenix
Tradesmen’s
Pulton
Chemical
Merchants’ Exch.
Gallatin National
Butchers’* Drov.
Mechanics’ & Tr.
Greenwich
Leather Manuftrs.
Seventh Ward....
State of N. York.
American Exch'e.
....
1,000,000
1,000,000
600,000
300,000
1,000,000
l,5u0,000
500,000
600,000
2CO.OOO
600,000
$
40,000
7,500
115,100
4.506.300
167,000
242.200 3.110.900
665.800
4.118.100
943,300 6.900.400
8,009.000 2,074,200
144,000 2,514,000
443,000
2,796,000
5.337.700 2,033,800 1,290,000 4.637.800
1,752,000
214,000
290.300
3,078,300
817.900
1.241.800
290.200
1.582.900
10,043,900 2.022,700 1,245,600 10,081,500
384.700
863.200 2.886.500
3.585.800
164.400
1.760,200
436,000
3.411.400
159,000 1,003,000
97,000
1,393,000
970,000
237.800
9,200
1,454,000
190.400
786.400
869,000
579*666 345.600 2.256.400
2.365.300
135,003
3,177,203
1,000,000
City
Circula¬
tion.
Net
Lej
Loans and
Discounts.
472,000
639.700
1,100
253,000
785,300
627,400
165.000
278,000
138,000
2,700
259,000
86,500
45,000
222,000
151.100
98.300
796.400
395.200
800,000 1.636.900
5,000,000 11,652,000 2,092,000
Commerce
5,000,000 12.638.200 2,018,600
583.100
Broadway
1,000,000 4.443.200
402.700
Mercantile
1,000.000 3.361.700
23,500
Pacific
422,700 2,087,600
253.800
1,500,000 3.149.100
Republic.
303.200
Chatham
450,000 2.979.300
6,600
People’s
412,500 1.229.200
123,000
North America...
700,000 1.561.900
710,iCO
Hanover..
1,000,000 5,046.700
277.100
500,000 1.960.600
Irving
8,000,000 12,732,000 1,340,000
Metropolitan
82,000
Citizens’
600,000 1.622.200
103.100
Nassau
1,000,000 1.977.800
280,000
Market
1,000,000 2.687.900
113.600
St. Nicholas
1,000,000 1.922.800
332.500
3,659,000
Shoe and Leather. 1,000,000
234.500
2.981.200
Corn Exchange... 1,000,000
111.400
Continental
1,250,000 3.232.100
23,500
Oriental..
300,000 1.238.200
118.600
Marine....
400,000 2,016,200
Importers’ ATrad. 1,500,000 16,041,900 1,760,100
Park
2,000,000 12,450.500 2,116,800
633.400
25.400
Mech. Bkg. Ass’n.
500,000
566.400
1,400
Grocers’
309,000
793.100
15.100
North River
240,000
726.100
65.100
East River
350,000
428.200
55,300
Manuf'rs’ & Mer.
100,000
Fourth National.. 3,500,000 13.661.200 1,450,600
443,000
7,100,000
Central National.. 2,000,000
1,896,000
300,000
Second National..
309*,COO
Ninth National...
750,000 3.244.900
First National
500,000 7,570,000 1.132.200
Third National... 1,000,000
6.260.700 1.322.200
281.300
N. Y. Nat. Exch..
300,000 1.017,700
13,000
Bowery National. 250,000 1,160,500
New York County
200,000 1.156.400
280,500
2,046,300
German American 750,000
122.400
750,000
1.473.900
993.600
6,597,700 1,977.100
267.400
2.841.800
419.500
3,057,000
365.900
247.900
237.400
1.894.900
846.400
300,000
8,375,000
450,000
1.712.300
2.645.600
401,000
1,051,300
5,400
1,371,4C0
445*666
4,478,000
1.931.100
75,600
9,472,000 2,250,000
185.500
2bl,0j0
260.200
190.800
1,008,000
1.548.800
285.900
228,000
217.800
137.400
341,630
303,000
202,000
3,900
364,600
1.872.500
1,835,4£0
742.800
2.723.900
1.796.300
2,086,400
3SU.600
205.100
498.300
454.100
4,700
780.300
1,080,800
316,000
2,826,900
1,539,800
75.700
109.100
139.100
58,100
84.700
1,440,700
998,000
517,000
648.100
681,000
449.900
85.300
....
598,800
180,000
211,000
318.900
161.400
1,883,000
287,000
17,265,600 1,112,400
540,000
14,414,000
432.100
308.100
457,900
649.100
535,500
98,900
447.100
11,152,700 1,051,200
5,706,000 1,495,000
270,000
1,963,000
3,084,500
600,000
450,000
7.765.600
789,800
6,346,000
756.800
269,300
775,000
224,500
1.205.600
180,000
1.925.300
65,525,200 240,349,100 36,620,700 26,637,000 204,663,200 19,944,600
The deviations from returns of previous -week are as follows :
Loans
Dec. $911,800 | Net Deposits.
Dec. $5,715,200
Total.....
Dec. 2,146,900 Circulation
2,788,400 1
The following are the totals for a series of
Specie
Legal Tenders
Loans.
$
L. Tenders.
Specie.
$
1877.
Oct 20..
238.183.800 16.515.900
Oct. 27.
236.287.400
Nov. 8
236.216.600 15.935.900
.
235,P68,300
Nov. 10.
Nov. 17. 236.308.300
Nov. 24. 235.329.800
Dec. 1.. 238.429.600
Dec. 8.. 238.578.200
Dec. 15. 237,504,000
Dec. 22. 239,764,203
Dec. 29. 239.173.900
1878.
Jan. 5.. 239.256.400
Jan. 12. 239.936.300
Jan. 19. 236.981.200
Jan. 26. 235.404.300
Feb. 2.. 241,2:5,500
Feb. 9.. 243,057,300
Feb. 16. 242.859.900
Feb. 23. 241.659.100
Mar. 2.. 246.456.200
Mar. 9.. 246.820.800
Mar. 16. 242,978,903
Mar. 23. 241,566,700
17,322,403
18,764,500
19.453.800
19.707.800
18,324,000
18,995,000
19.566.800
J 9,674,600
22,122,400
$
35.949.300
39,235,100
39.531.900
38,503,400
39.382.900
89.949.300
40,579,800
38,478,700
37.562.900
36,067,500
35,300,503
25.207.500 34,612,000
27,091,200 34,804,000
28.477.500 37,189,300
30.193.600 37.231.200
81,230,000 37.362.200
32.146.900 34,877,000
83,011,600 34,845,600
32,379,400 33,978,000
326,400 33.137.900
87.116.900 30.655.900
89.545.900 30.326.200
89.687.500 29,605,700
241,5^0,900 88.767.600 29,425,400
240.649.100 36,620,700 26,637,000
Mar. SO.
Apr. 6...
Inc..
Dec.
32,300
weeks past:
Deposits. Circulation. Agg. Clear
195.561.500
191.848.700
191.364.900
193.557.300
196.501.500
196.234.900
196.961.500
196.912.300
195.896.400
194.642.500
197,711,800
201.981.500
203,666,000
205.972.300
207.171.200
210.301.700
211.713.000
212,132,000
210,894,600
213.933.400
215.155.900
215,0*5,100
211.938.500
210.378.400
204.663.200
$
$
16.230.300
16,726,000
17.156.800
17.720.200
17.844.900
18.100.500
18.110.300
18.208.300
18.676.700
19.293.900
19.657.800
478,165,840
437,3S7,4M
458,025,653
19.787.100
19.661.600
19.841.800
19.793.100
19.761.300
19.687.100
19.781.200
19.806.900
19.838.500
19.685.100
19.910.700
19,90G,300
19.912.300
412t72%867
403,812,618
408,472,874
378,019,773
340,214,147
344,105,462
343,070,424
858,005,167
401,980,936
417,104,418
369,512,964
488,943,229
426,935,792
412,404,646
324,336,660
289,487,491
400,609,680
377,110,111
401,592,977
373,731,072
359,353,328
19.944.600 441,442,055
POTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
SXCUBITIXS.
SECURITIES.
Bid. Ask.
Bid. Ask.
SECURITIES.
104* 105
Phll.AR., m.7s, reg. A cp.,’92-3
68
98* Phila. Wllm. A Bait. 6s/84....
b5
Pitts. Cln. A St. Louis 7s, 1900
Portland Saco A Portsmouth
Shamokln V.A Pottsv.78,1901
rtuciana, common
Steubenv. A Ind. 1st, 6s, 1884.
do
preferred....
Stony Creek 1st m. 7s, 1907....
Vermont A Canada
111
Sunbury A Erie 1st m. 7s, *97..
Vermont A Massachusetts*..
40
Union A Tltusv. 1st m. 7s, ’90.
30*
Worcester A Nashua
Ogdensb.AL.Champl’n.pref.'
..........
•
•
aa
.
ii3*
Chicago sewerage 7s
PHILADELPHIA.
CITY BONDS.
5s, g’d, int.,reg. or cp.
5s, cur., reg
AAA
5s, new, reg., 1892-1902
6s, 10-15, reg., HT7-’82.
do
6s, 15-35, reg., 1882-’92.
do
6s. In. Plane, reg.,1879
Philadelphia, 5s reg
do
6s, old, reg......
do 6s,n., rg., prior to’95
STATE AND
Penna.
do
do
do
110
•
••»
do
Municipals
Portland to
90
Atch. A Tcpeka 1st m.7s...
do
land grant 7s 94* 05*
do
2d 7s
,65* 66
do
land Inc. 8a. 105
115
Boaton « Albany 7s
do
to
Boston A Lowell 7s
Boston A Maine 7s
111
Burt A Mo., land srant 7s..
-do
Neb. to, 1894...
111*
Neb. 8s, 1883...
do
Conn. A Passumpsic, 7s, 189
106
Fitchburg KB , to
• •
a
..
•
*
•
•••
aa a
•
a a
•
•
aa
.
a a a a
w
Kan.
do
7s
City Top. A W., 7s, 1st
do
do
7s, Inc
Eastern, Mass.. 8Ks, new.
Hanford A Erie 7s, new....
.
Ogdensburg A Lake Ob.
" Ho*
i08
i**‘
91
78
91
86
coup.,
uo
do
6s, exempt, 1887 ..
do
6s, 1890, quarterly.
do
5s, quarterly
Baltimore 6s, iS94, quarterly
do
6s, >886, J J.......
do
6s, 1899, quarterly...
do
6s, park, 1890, Q.—M.
do
6s, 1893, M. AS
25
81
do
1900, J.A
do
1902, J. A
Norfolk water, 8s
45
95
15*
pref
Balt. A Ohio to, 1880,
T
Pennsylvania
Philadelphia A Erie
13*
Pnlladeiphla A Reading
120
Philadelphia A Trenton
Phtla.Wtiming. A Baltimore.
”6%
Pittsburg Tltusv. A Buff
119* 120
United N. J. Companies
West Chester consol, pref....
~30
Pennsylvania
Schuylkill Navigation
do
Susquehanna
...
...
“6*
6
5
.
RAILROAD BONDS.
107*
Allegheny Vai.,7 8-10s, 1895... 107
do
7s, E. ext., 1910 80
32
28
do
Inc. 7s, end., ’94.
Belvldere Dela. 1st m., 6s, con. 104* 104*
o
2dm. 6s.’83..
do
3d m. 6s, *37.. *03
Camden A Amboy 6s,coup,’83 101
do
6s, coup., *89 102
100*
do
mort.68, ’89..... 109
10J
Cam. A Atl. 1st m. 7s, g., 1908
do
2d m., 7s, cur., ’80 06*
Cam. A Burlington Co. 6a,’97. L01
Catawlssa 1st, 7s, conv., ’82...
do
chat, m., 10s, ’88 ..
do
new 7s, 1900
ios
102
Connecting 6s, 1900-1904
Dan. H. A Wilks.. 1st., 7s, ’37*.
Delaware mort., to, various..
■93
Del. A Bound Br., 1st, 7s. 1905 *80
East Penn. 1st mort. 7s, *88 .. 102
El.A W’msport, 1st m., 7s, ’80. 103*
do
lstm.,5s,perp.
106
Harrisburg 1st mort. 6s, 83.. 104
107*
H. A B. T. 1st m. 7s, gold, ’90.
do
2d m. 7s, gold, ’95.
do
8d m. cons. 7s, *95*. 25*
IthacaA Athens lBt g d, is.,’90
Junction 1st mort. to, '82
do
2d mort. to, 1990 ...
L. Sup. A Miss., 1st m., 7s. g.*
112
Lehigh Valley, 6s, coup., 1898. 110
do
6s, reg., 1893... ui* 112*
114
do
7s, reg., 1910...
67*
con. m., 6s,rg.,1928
do
97*
do
do
6s,cp.49 3 97
Little Schuylkill, 1st m. 7s,V2
North. Penn. 1st m. to, cp.,*85.
113
do
♦ 2dm.7s,cp.,’96.
i03
do geu. m. 7s, cp., 1903.
103*
do gen. m. 7s, reg., 190?
90
Oil Creek 1st m. 7s, coup.,’82.
rlttsb. Tltusv. A B., 7s, cp.,^ 45
do
scrip....
ii.4
Pa.A N.Y.C. A RR.7s, ’WH906.
104*
Pennsylvania, 1st m., cp.,*80..
107
do
gen. m. to, cp.* 1910.
do
gen. m. to, rg., 1910. 105* 106*
"**
• •••
....
a a aa
• ••
.
•
•
a
•
•
• •
•
•
•
«
•••
•
••**
21
125
Atchison A Topeka
Boston A Albany......
Boston A Lowell
Boston A Maine
Boston A Providence
7854
107
do
90
36
5%
Fitchburg
133*
9
....
92 *
mi
» •
•
■
do
do
cp. off.,
••
do
scrip, 1832.
do
In. m.7s,cp,1896
do cons. m. 7s, cp..l9i!.. 99*
do cons. m. 7a, rg.,l9U.. 100
•
•
«
•
• •
s.m.6s,g.l.l911....
conv.7s,rg.Acp.l898< "40
*
7s, coup, off, ’93 25
do scrip, 18S2...
Phila.A Read. C.A I. deb. 7s,92 •42.
do deb.7s.coup. off....
*V
do scrip, 1882
do co
•
*
In default of interest.
113*
112
101* 102*
103* 104*
90
90
104
103
66
108
95
108
55
103
108
105
99
98
112
100
112
65
85
106
112
89
31*
12*
n*
ioi* ioax
13*
People’s Gas....,.,...*
CINCINNATI.
Cincinnati 6s
7s
do
do
i'30s...
do
South. RR. 7’S)8.
do
do
68, gold...
Hamilton Co., O., to. long., .t
do"
7s, 1 to5yrs..t
do
7 A 7*80e, long.f
CIn.A Cov. Bridge st’k, pref.
Cln. Ham. A D. 1st m. 7s, ’80
.
2dm. 7s,’85..
do
97
104
106
98*
86
97
100
104
65
103
95
Cln. Ham. A Ind., 7s, guar....
*94
Cln. A Indiana 1st m. 7s
2d m.7s,’i7... 70
do
Colum. A Xenia, 1st m. 7s, ’90 103
Dayton A Mich. 1st m. 7s, ’81. 102
do
2dm. 7s, ’84. 94
do
3d m. 7s, ’83. 88
Dayton A West,
do
do
lstm.,’8i...t
1st m., 1905 .
lstm. 6b, 1905
Ind. Cln. A Laf. 1st m. 7s.
do
(I.AC.) lstm.78,’88
Little Miami 6s, ’83
....’.
Ham.
Cln.
A Dayton stock...
Columbus A
Xenia stock
Dayton A Michigan
8. p.c.
do
stock....
st’k, guar
Little Miami stock
.
'
100
85
75
60
90
98
12
98
87
88*
LOUISVILLE.
Louisville 7s.
t 101
do
6s,’82 to *87
+
do
to, *97 to *98
t
water 6s,*87 to *89 t
do
water stock 6s,’97.t
do
wharf 6s
t
do
do
spec’l tax 6s of ’89. t
Jeff. M.AI.istm. (I AM) 7b,’8lt
do
2dm.,7s.......... 84*
do
1st m, 7s, 1906—t 102*
Louitv. C. A Lex. 1st m. 7s,’97.
ex past-due coupons......-t 101*
Louls.A Fr’k.,Louls v. In,6s, ’81
Loulsv. A Nashville—
Leb. Br. 8s,’86
+
6s,’86
■92
92*
1st m. Leh. fer. Ex.,7s’80-S5.+
Lon. In.
do
to,’93...t
ioi IbT*
101*
Consol. 1st m. 7s, ’98
100
98
Jefferson
Ind.........
Mad.
A
103
103*
”?9
Louisville A Nashville...
.
Louisville Water to, Co. 19071 100
169*
38
do
do
110*
133
Manchester A Lawrence
Nashua A Lowell
'&*
New York A New England...
80
Northern of New Hampshire 89
63* 64
13
;.., 128
13* Norwich A Worcester
1«2W 105
Ggdens*.
L. Champlain ... 39*
v
40
112*
114
116
••«
•
.
Concord
Connecticut River
Conn. A Passumpslc
Eastern (Mass.)
Eastern (New Hampshire)...
Yard 6s, reg..
2dm.,7s,cp.,’98
deben., cp., ’98*
do
109*
Burlington A Mo. in Neb
Cheshire preferred
Cln. Sandusky A Clev
Navy
110*
MISCELLANEOUS.
Baltimore Gas certificates... 101
....
io#8
Perkiomen 1st m. 6a, coup.,97
Phila. A Erie 1st m. 6s, cp.,’8t.
do
2d m.7s,cp.,’88.
Phila. A Read. 1st m.6s, ’43-’44.
do
do
M8-.49.
J.AJ.
Union RR. 1st, guar., J. A J..
do
Canton endorsed.
...
do
STOCKS.
114
113
112
102
106
110
Par
do
do
Cen. Ohio 6s, lstm.,’90M.A S.
W. Md. 6s, 1st m„ gr ’90.J.AJ.
do
1st m„ 1890, J. A J....
do
2dm.,guar., J.A J....
do
2d m., pref
do 2d m. jjr. by W.Co. J A J
do 6s. 3d m., guar.. J.A J.
Mar. A Cln. 7s, ’92, F. A A ...
do
2d, M. A N
do
8s, 3d, J. A J
....
1905.
1905.
55
65
90*
’85, JAJ
68,1900. A.AO. 98*
93*
to, gld, 1900, J.AJ. 93
12*
55
50
120
•
90
112
Northern Central 6s.
30
17*
pref...
,
61*
10S*
do
6s, 1885, A.AO. .
N. W. Va. 3d m.,guar.,’85,JAJ
Plttsb.A ConnelTsv.7sf’98,JAJ
CANAL STOCKS.
Morns
do
pref... •.....«.........
87
108
110
103
100
105
107
110
110
110
113
112
111
BONDS.
RAILROAD
...
West Jersey
103
i*6o
75
Balt.A Ohio.
100 74
150
do
Wash. Branch.100 135
1
e
do
Parkersb’g Br.. 50
Northern Central..
50 13* 14
1
5
Western Maryland
...50
50 23* 25
Central Ohio,
6
Pittsburg A Cohnellsvtile..50
2
38*
47*
Chesapeake A Delaware......
Delaware Division
Lehigh Navigation.....
J
J
RAILROAD STOCKS.
Nesquehonlng Valley
Norih Pennsylvania
6s,exempt,’93,M.AS
do
Little Schuylkill....
Jrinehlll
•
ioi*
BALTIMORE.
Williamsport...;...
do
do
pref..
Har. P. Mt. Joy A Lancaster.
Huntingdon A Broad Top...
do
do pref.
Lehigh Valley
■
Pennsylvania 6s, coup., 1910.. 60
Schuylkill Nav. 1st m.6s, *97. 85
do
2dm. 6s, 1907 58
do
68, boat A car, 1913 50
do
7s, boat A car. 19.5
Susquehanna 6s, coup., 19:8 .*
90
Elmira A
Norristown
Northern Pacific,
cp.,’78.
Maryland 6s, defense, J.A J.
do
pref
do
new pref
Delaware A Bound Brook....
East Pennsylvania
•
•
a
do cons. m. 7s, rg .,1911
Morris, boat loan, reg., 1885..
N. Jersey 6s, reg. and coup...
do
exempt, rg. A coup.
Camden County 6s, coup
Camden City 6s, coupon......
do
7s, reg. A coup.
Delaware 6s, coupon
Harrisburg City 6s, coupon..
RAILROAD STOCKS.
Camden A Atlantic
do
■ do
pref
Calawlssa
a a
gold,’#.... *86
do
50
83
102
70
do
78, w’t’rln.rg. Acn.
do 7s, str.lmp., reg.,’83-36*
95
• • •
RR., rg.,’97 102
conv.,g., rg.,’94
do
62*
5s, reg. A cp., 1913.
6s,gold.reg... ...
do
do
••
82
92
>
Lehigh Navigation 6s, reg.,’84
100
1913
do ‘ cons. m. 6s, rg.,
do
cons. m. 6s, cp.,
Vermont A Mass. RR., 6s
•
81
United N. J. cons. m. 6s, ’94.. 101
Warren A F. 1st m.7s, ’98
West Cheater cons. 7s, ’91
West Jersey 6s, deb,, coup.,*83
do
1st m. 6s, cp., ’96. 103
08
100
do
lstm. 7s. ’97
Western Penn. RR. to, 1893... 80
do
6s P.B.,’96. 83*
CANAL BONDS.
Chesap. A Dela. 6s, reg., ’86.. 70
Delaware Division 6s,
108
113
113
104
112
112
6s,n.,rg.,i895A over
Allegheny County 5s, coup...
Allegheny City 7s, reg
Pittsburg 4s,
no*
104*
do
Vermont A Canada, new 8s..
...
•
U0
'• ••
Old Colony
•
•
a
a •
•
•
•
ST
k$rs-
”66
1C
, 101*
104*
St. Louis
water to, gold.....t
do
dot
-’Bo
do new.f
do ‘
bridge appr„ g. 6s t
100*
do
renewal, gold, to.t
ao
sewer, g. to, ’9.-2-3.f
45
7k,g.6s.t
28
St Louls Co. new park,g.6s.t
cur. 7s
do
...t
45
St. L.A San F. RR. hds, ser’s A
•
•
.
Maine to
New Hampshire 6s
Vermont 6s
...
Massachusetts 5s, gold
Boston 6s, currency
-do
5s,gold
Old Colony, 7s
do
6s
Omaha A S. Western, 8s ....
Pueblo & Ark. Valley, 7s
Rutland 8s,1st mort
Venn’t C. 1st m., 7s
Bid. Ask.
SECURITIES.
....
BOSTON.
(VOL. XXVI.
Etc.—Continued.
BOSTON, PHILADELPHIA,
Banks.—The following statement shows the
eondition of the
.
1
362
• • •
awa
do
do
do
do
t And Interest.
104*
104
104
104
134
46
do B 22*
do C
20
April 13,
363
THE CHRONICLE.
1878.]
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
TJ. & Bonds and active Railroad Stocks are
?
Bid. Ask.
uouxmia.
15%
Alabama 5a, 1883.
do
58,1886
8a. 1886
do
'
20
Connecticut 6s
Georgia 6s................
do
7a, new bonds....
do
7s, endorsed. ...
do
7s,gold bonds...
Illinois 6s, coupon, 1879...
war loan
do
Kentucky 6a
d08
*4
4
4
4
107%
108%
101
103
Railroad Stocks.
do
pref
Cleve. Col. Cin.«I
Cleve. * Pittsburg, guar.
CoL Chic. A I. Cent ....
09^
55
Dubuque As Sioux City.
30
74
100
29%
75%
4*
147
148%
Harlem
Joliet As Chicago
Long Island
Missouri Kansas A Texas.
New York Elevated RR..
N. Y. New Haven A Hart. 168% 100
Ohio A Mississippi, pref
Pitta. Ft. W. A Ch., guar.. 00
do
do
special. 70
86
Rensselaer A Saratoga .
Rome Watertown A Og.
fit. Louis Alton A T.H....
do
do
pref.
BellevilleA So. HI.,pref.
St. L. I. M. A Southern....
8%
8%
S6.L. K. C. A North’n.pref
Terre Haute A Ind’polls..
119
United N.J.R. AC.
120%
• •••
•
miseel’ous Stocks.
Atlantic As Pac. Tel
•••
20
21
ii*
id
Telegraph...
Am. District
Canton Co., Baltimore....
Cent.N.J.Land * Im. Co.
American Coal..<
Oonsolidat’n Coal of Md.. 24%
Cumberland Coal A Iron.
*9%
Maryland Coal
140
Pennsylvania CoalSpring Mountain Coal....
Mariposa L. A M. Co
do
do
pref.
Ontario Silver Mining.... 35
Railroad Bonds*
(Stock Exchange Prices.)
Boston H. A Erie, 1st m..
do
gnar. ...
Bur. C. R As North., 1st 5a..
Chesa. A Ohio 6a, 1st m..
do
ex conn
RAILROAD
AND
S*
68
ios%
Spring, dlv..
do State Aid bonds
do Land Grant bonds..
Western Pacific bonds... *
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’ds
Land grants, 7s.
do
do
Sinking fund...
Pacific R. of Mo., 1st mort...
do
2d mort
do
Income, 7s.
do
1st Caron’t B
South Pa?. RR. of Mo.,1st m..
.
Penn. RR—
&%
..
.
,
.
,
a
Peninsula 1st m., conv.
Chic.AMllw.,l8t mort.
110
Winona A St. P.. 1st m..
do
2d mort.
C.C.C.& Ind’s 1st m.7s,S.F
*82%
.
do
,
110%
consol, m.hds
DeL Lack. A West., 2d m.
i04«
rrJBingh.&N.Y.
lt>t,7s
Sdo
7g, conv.
ioi
orris a Essex. 1st. m..
do
2a mort..
do
/"■
bonds, 1909.
do
constract’n
do
7s, of 1871
.do
1st
con. guar.
88
Del.&Hnd.Canal, 1st m./84 96%
do
do
-
do 1891
coup. 7s. 1894
reg. 7s, 1894
.do
98
96
Albany A Susq. istbds. lio
~
v
_
_
do
do
2d do
8d do
-
do 1st cons,
do
endorsed..
1879....
do
do
do
2<t mort
Ex A
Nov.,’77, coup,
equip’! bonds,
con.
convert...
do Ex. Aug.,*78,A prev’s
Great Western, 1st m., 1888..
do
ex coupon..
do
2d mort., *93.
do Ex A Not..177,coup.
Quincy A Toledo, 1st m.. *90..
do ex mat. A Nov.,*77,con.
Illinois A So. Iowa, 1st mort
do
ex coupon
Han. A Cent. Missouri, lstm
Pekin Llnc'ln A Dec*t*r,lst m
Western Union Tel., 1900, cp. .*
do
do
reg...
Miscellaneous List.
(Brokers' Quotations.)
CITIES.
Albany, N. Y.t 6s, long
gua^
Bens. A Saratoga, 1st cp 115
t
: do
1st reg ±H5
™» 1st mort., extended. 113
115
J® ■&mort.,7s,
do
78,
108%
rt#t
65%
Chicago Ext**
Buffalo Water, long
-
do
6s,
6s,
do
do
do
do
.
.
1881
,,
1892
.1893
•
North Carolina—
6s, old, J. A .T
do
A. A O
N. C. RR
J.AJ
do
..A.AO
do coup, off, J. A J
do
do* off', A. A O
Funding act; 1866
do
1868
New bonds, J. A J
do
Ohio 68.1831
•
•
*
• •
•
15%
...
• * 0
t
8%
•
8
•
.
»*•!
8
2%
M|
2%
Class i
•
•
•
•
ClassS
105%
STOCKS
Ohio fs, 1886
:..
Rnode Island6s
Sjuth Carolina 6s
Jan. A July
113
40
30
90
April A Oct
FnnHlmj a/»t IMS
Land C., 1889, J.AJ
Land C.. 1889, A. A O
so
42
43
30
2
....
to
60
f
104
105
96
t 107%
Ts, long.. .1
+
Poaghkeep8le Water
+
Water
Oswego 7s
Rochester C. Water bds., 1903+
Toledo 8s. 1889-*94
+
Toledo 7-308.,..
Yonkers Water.due 1903..
112
103
110
108
104
99
108
RAILROADS.
Atchison A P. Peak, 6a, gold.. 30
Boston A N. Y. Air Line. 1st m 102%
Bur. A Mo. Rlv., land m. 7s...+ 110%
88
88
107
107%
99
414
116
105
111%
112%
107
36
27
34
34
70
Is, new bonds, 1666
6a,
do
1867
6s, consol, bonds
6s, ex matured coup
6s, consol., 2d series
50%
30
«s, deferred bonds
DiJtrlct of Columbia 3‘65s, ’924
do
small...
do
registered
4%
74%
74
Union A Logan sport Ja. ....
Union Pacific, So. branch, 6s,g
West Wisconsin 7s, gold....
.
01
62%
56
48
60
55
Southern Securities.
(Brokers' Quotations.)
STATES.
Alabama
new
do
do
44
71
consols, Class A
do
do
Class B
Class C
43%
35
100
S. Carolina con. 6s (good nos.) 89
Texas 6s, 1892
M.AS+ 101
do 7s, gold, 1892-1910. J.AJ* 110% 111
do 7s, gold. 1904...J.AJ...+ 111% 113
do 10s, pension, 1894.. J.AJ* 108% 104%
Georgia 6s, 1878-*89
111
112
convert 8s. var. her. 110
70
Fulton, 1st 7s, gold... 63
95
California Pac. RR., 7s. gold
92
80
do
6s, 2d m. g. 77
Canada Southern, 1st m. coup. 68
Central Pacific, 7s, conv
103
83
Central of Iowa
>walatm.
lstm. 7s,gold.
is.gom. 31%
Keokuk A St.
Paul 8s
t. Pi
j risi 100% 101%
101
Bur.8s
100
Carthage A Bar.
Dixon Peoria A
101% 102%
111
O. O. A Fox R. Valley 8s Vpq ~+ 110
!<£%
...
rffcf
a&Han.Ss.l-est
CITIES.
Atlanta, Ga., 7s
do
88
do
06
104
96
106
07
92
62
100
95
waterworks
Augusta, Ga., 7s, bonds
Charleston stock 6s
Charleston. S. C., 7s, F. L. bds.
Columbus, Ga., 7b, bonds
Lynchburg 6s
Macon bonds, 7s
Memphis bonds C
60
97
70
30
do
bonds A A B
SO
do
110%
end., M. A C. RR ... 35
linofs Grand Trunk....
109
Mobile 5s (coups, on)
62
do 8s (coups, on)
Chicago A Iowa R. 8s... Sis
Chic. A Can. South 1st m. g. 7s. 15
do
34
6s, landed
East. HI. 1st mort., 6s
51
43
Montgomery, new 5s
ibe% Chic. Ado
17
.2d m. lnc.'7s. 14
do
new 3s
85
Chic A Mien. L. Sh. 1st 8s, *89. t75
80
Nashville 6s, old
69
Chic. A S’thwestern 7s, guar.. 93
do
80
6s, new
75
Cin. Lafayette A Chic., 1st m..
70
New Orleans prem.Ss....
85
Col. A Hock V. 1st 7s, 88 years, !01% 103%
do
consol. 6s
39
101
do
1st 7s, 10 years, 99
do
86
railroad, 6s
do
2d 7s, 20 years.. 91
do
wharf imp’ts, 7-30
53
Connecticut Valley 7s
50
Norfolk 6s
92
24
Connecticut Western 1st7s.... 22
05
Petersburg 6s
103% ioi
Dan. Urb. Bl. A P. 1st m. 7s, g. 21
do
8s
102
98% 99
Denver
40
Richmond
6s
102
Pac., 1st m.7s, ldgr.,g.
98% 99
44
Denver A Rio Grande 7s, gold. ►
46
Savannah 7s, old
*62
Des Moines A Ft. Dodge 1st 7s. id*'
do
40
7s, new
Detroit A Bay City 8s, end... •* 70
Wllm’ton, N.C., 6s, gold > coup
101
98
de
8s,gold} on. 75
105% Erie A Pittsburgh 1st 7s
85
do
80
con. m., 7s..
80
RAILROADS.
78
do
7b,
87
equip...
Ala. A Chatt. 1st m. 8s, end....
101
Evansville A Crawfordsv.,7au. ioi'
do Rec’ver’s Cert’s (var.Nos)
Evansville Hen. A Nashv. 7s... 40
84
Atlantic A Golf, consol
Evansville, T. H. A Chic. 7s. g. *c5
103%
do
end. Savan*h.
85
Flint
A
Pere
M.
•80
8s,Land grant.
92
91
Carolina Central 1st m. 6s, g... 34
47
Fort W., Jackson A Sag. 8s, *89 42
105% 105%
Central Georgia consol, m. 7b. 103
90
Grand R.A Ind. 1st 7s, Lg., gu.
102
55
stock
do
Qi
do
istls.l. g.,notgu. 77
Charlotte Col. A A. 1st M. 7s.. 70
55
do
45
lstexl. g.is.
105
ioi*
Cheraw A Darlington 8s
90
Grand River Valley &*, 1st m*. *85
94.
03
85
East Tenn. A Georgia 6s.......
53
Houston A Gt. North. 1st 7s, g. 50
East Tenn. A Va. 6s end. Tenn 85
Hons. A Texas C. 1st 7s, gold.. »6% 88
99
E. Tenn. Va. A Ga. 1st m. 7s...
82
SO
do
We3t. div
*77
40
77H
do
do
stock
79
do
Waco
82^
1C7
Georgia RR. 7s
70
do
consoL bds.. 68
120
119
94
do
68
75
65
Indianapolis
A
St.
Louis
lst7e
112
65
do
stock
80
Indlanap. A Vincen. 1st 7s, gr.. 75
104
Greenville A Col. 7s, 1st mort.
58
International (.Texas) 1st g... ....
110
'37
do
7s, gnar....
24
Int. H. A G. N. conv. 8s
105% 100
Macon A Augusta bonds
88
Iowa Falls A Sioux C. 1st 7s... *82
3t)
85
do
2d
endorsed. 96
98
Jackson Lans. A Sag. 8s,1st m tP7
9
do
stock
06
Kal. Allegan. A gTr. 8s; gr... 90
33'
36%
Memphis A Charleston 1st 7s.. 95
Kalamazoo A Sonth H. 8s, gr.. *60
do
103% 104
2d 7s... 80
100
Kansas City A Cameron 10s... *98
56
6
do
stock..
Kansas Pac. 7s, g.,ext. MAN.*99 63
32
Memphis
A
1st
m.
Little
Rock
do
7s,
g.,
I’d
gr.,JAJ,*90
75
no
no
Mississippi Central 1st m 7s... 99
so
do 7s, g.,
do MAS,’86 22
95
do
2d m. 8s
do 68, gold, J.AD* 1896
87%
86
do
2d ex coupon? 81
1Q2
do 6s, do F.A A., 1895. 100
Miss.A Tenn. 1st mort. 8s, “A*‘ !02%
do 7s, Leaven, br., *96.. 34
do
do
8s, “B” 78%
do Incomes, No. n
17% Mont. A Enfanla 1st
15
8s, g., end 25
‘do
15
do
No. 16
46
Mobile A Ohio sterling 8s
do
Stock ...........
7%
••••!
do
do ex cert. 6s 46
55
Keokuk A Des Moines 1st 7s... 50
it*
80
do
8s, Interest
do
funded lut. 8e 65
do
2d mort. 8s
RR.f
Long Island
1st mort. ... 90
ioT%
N. Orleans A Jacks. 1st m.8s. i08
102
Lonisv. A Nashv. cons. m. 7s. 101
100
88% «j
Certificate, 2dmortg. 8s
91%
do
2d
m.,
7s.
g..
69%
74% 74%
Nashville Chat. A St.L. 7s.... 97
95
89
Michigan Air Line 8s, 1890....+ 94
Nashville A Decatur, 1st 7s.... 07
45
30
Montclair A G. L.lst 7s
74
Norfolk A Petersburg 1st m.8s 100
7
4
do
2dm.
7s
5
do
do 7s 95
Mo. K.A Tex. 1st 7a, g., l904-*06 44% 46%
56
55
do
2d m. 8s 85
14
do.
2d m. Income...
10
46
42
Northeastern, S. C., 1st m. 8s.. 104
25
N. J. Midland 1st 7s, gold
22
do
2d m. 8s.. 86
81
30
ioo ioo* S. Y. Elevated RR., 1st m
Orange A Alexandria, lsts. 6s. 90
0
N.
Y.
A
Osw.
Mid.
1st
4
85
82
do
2ds,6e..
34
do recelv’s ctfa.flabor) 27
72
71
do
3ds,8s.
25
do
do
(other. 20
80
15
do
4ths,8s.
22% Rlchm’d A Petersh’g 1st m. 7s. 104
North. Pac. 1st m. gld. 7 3-HL.. 20
77
75
106
Omaha A Southwestern RR. St 105%
80
Rich. Fre’ksb’g A Poto. 6s
95
S3
Oswego A Rome 7s, gnar .... 90
do
do mort. 7s 96%
40
J.
Peoria
Pekin
A
1st
mort
*20
87
82
Rich. A Danv. 1st consol. 6s... 71%
Pullman Palace Car Co. stock. 75% 70
Southwest RR.. Ga,eonv.7s,’86 100
93
do
bds.,
90
8s,
4th
series
85
108%
Southwestern, Ga., stock
St. L. A I. Mt. (Ark. Br.) 7s, g. 65
80
*108
S. Carolina RR. 1st m. 7s
50
St. L. A San F.f 2d m., class A. 45
do
7s, 1902
do
do
class B. 22%
do
7s, non mort..
25
do
do
class C
Savannah A Char. 1st M. 7s.... 20
35
St.L.ASo’east. cons.7s.gold,’94 25
Charleston A Savan’h 6a, end 20
105
St. Louis Vandalla A T. H. 1st. 101
West Alabama 2d m.8s, guar., 102
75
do
102
2d, gnar 70
102
do
lstm. 8a
90
112
109
Sandusky Mans. A Newark «s. 93
PAST DUE COUPONS.
95
100
South Bide, L. I., 1st m. bonds. 90
20
35
Tennessee State coupons......
no
sink. fond..
101
104
30
50
50
South Carolina consol
102
104
Sonth. Cent, of N. Y. 7s, gnar. 35
90
Virginia coupons........... ••
100
Southern Minn. 1st mort. 8s... 72% 70
82
do
consol, coup
do
no
105
7s, 1st
f -2*|
j
TO
‘
i2i%
•
•
...
TO
•
•
•
•
TO
...
•
is;
..
•
•••
•
•
•
•••
•
• ••
•
• • •
•
•
•
•••
1883../ 105% 106
’48
• •••
90
90
87
42
88
94
97
105
W*
50
• •••
85
90
40
40
105
60
78
• ■
•
*
88
90
100
50
1C9
97
70
9ft
42
98
83
8
40
102
97
84
105
81
86
•a
*
•
•
•
•
•
• •
85
10
119
98
•
....
3*
-
•
•
•
•
.
.
98
72
45
22
•••
..
•
•• •
—
Chicago6s,long dates....,
do
7s, sewerage...
“
do
7s, water......... ...
do
7s,river Improvem't
97
Cleveland 7s, long...—.... ..t
111
Tol. Can. 8o. A Det 1st 7s. g. 41
Detroit Water Works 7s.... .+ 110
* Last sale price.
Price nominal.
t And accrued interest.
...
*104
20
20
•• •
*•••
•
40
40
45
& «!*
*!•»
• •
65
79
70
98
80
•
&
....
45
73
45
101
X*
do
Cairo A
8ulncy A Warsaw 8e....
3
89%
AND BONDS.
Indianapolis 7-308,
Long Island City
Newark City 7s long
.....
Bid.
sxcTntmxa.
7s of 1888
Non-fund able bonds
Tennessee 6s, old
do
6s, new
6a 1 new aeries
do
Virginia Sa, bid
•
m
70
50
50
0
Elizabeth City, 1880-95
do
1885-98.
Hartford 6s, various...
do
•
irv
A. A O
do
•
...
Special tax, Class 1
is*
„
107% 108%
110%
do
MISCELLANEOUS
18% Pacific Railroads—
Central Pacific gold bonds,
68%
do San Joaqnin branch
26%
do Cal. A Oregon 1st
95
do coup..!8S7.„..
8a
do
102
102
North Missouri, 1st mort
Ohio A Miss., consol, sink. fd.
do
consolidated....
2d do
do
TO
_
104%
102%
Erie 4th mort.,7s, 1830....
do
106% 107
Sth do
7s, 1888....
do
cons.,
7s,
mort., g’d bds..
109
do Long Dock bonds
Buff. N. Y. A E, 1st. m., 1916
Han. A; St. Jo., 8s, conv. mort. 86%
Illinois Central—
Dubuque A Sioux City,1st m 102
do
2d dlv. 105
do
Cedar F. A Minn., 1st mort.. r'6
Indlanap. Bl. A W., 1st mort... 38
do
do
2d mort...
2%
Lake Shore—
MichS. A N.Ind..8.F..7 p.C. 110% 111%
Cleve. A Tol. sinking fund. 110
±107
do
new bonds...
Cleve. P’vllle A Ash., old bds 103
de
new bds 107
do
Buffalo A Erie, new bonds.. 107%
103
Buffalo A State Line 7s
Kalamazoo A W. Pigeon. 1st *90
107
Det. Mon. A Tol.,1st 7s, 1906. *06
106%
Lake Shore Dlv. bonds
ill
do
Cons. coup.. 1st.
109%
do
Cons, reg., 1st..
do
Cons, coup.,2d., *99
do
Cons, reg., 2d.... 98% '98%
Marietta A Cin. 1st mort.
Mich. Cent., consol. 7s, 1900.... 109% iib
do
1st m. 8s. .883, s.f.
do
equipment bonds. 67%
24
New Jersey Southern 1st m. 7s 20
do
do
consol. 7s
N. Y. Central 6s, 1883
1
do
6s, 1887
do
6s, real estate... 105
do
6s, subscription, 105
119%
do A Hudson, 1st m., coup 119
119%
do
1st m., reg..
do
Hudson B. 7s, 2d m., si., 1885
Harlem, 1st mort. 7s,coup... 121"
do
do
7s,reg.... 121
1st
la,
104%
108
Pitts. Ft. W. A Chic., lstm..
do
do
2d m..
do
3d m..
do
89
Lehigh As W.B.con.guar 88
Cleve. A Pitts., eonsol., s.f..
Am. Dock As Imp. bonds
43
tio
4th mort.....
Ch.Mll.As 8t.P.lstm.8aP.D II7% 118%
Col. Chic. A Ind. C., 1st mort
do
2d m. 7 8-10, do 104
104%
do
do
2d mort
do
lat7s,$g.,RJ)
Rome Watert’n A Og.,con. 1st
do
1st 7a £
do
St. L. A Irob Mountain, 1st m.
do
latm.,LaCJ>. 107 107%
do
do
2d m..
do
lstm.,I.AMJ) 98% 99% St. L. Alton A T. H.—
do
latm.,I. AD. 97
Alton A T. H., 1st mort
do
latm.,H. AD. 96
do
2d mort., pref..
do
latm.. C. AsM.
105%
do
2d mort. mc’me
do
conaoi.slnk.fd
90%
Belleville A 8.111.R. 1st m. 8s
do
2d m
97
Tol. Peoria A Warsaw, E. D...
Chic. As N. West. sink, fd t 108%
do
do
W. D..
do
int. bonds, 108
do
do Bur. Dlv.
do
consol, bde 108% 109
dodo 2d mort..
do
ext'n bda..
do consol. 7f
do
do
1st mort... 108%
Tol. A Wabash, 1st m. extend.
do
cp.gld.bds.
97%
ex coupon
do
do
reg. do
Istm.St.L. dlv.
do
Iowa Midland, 1st m. 8s;
ex-matured coup.
Galena A
„
103% 104
104
105
.
Chic. Bur.As Q. 8 p.c.,latm 113% 115
do
consol, m. 7s
5s s. f
do
Chic., Rk.IsI. A Pac.—
8. F. Inc. 6a,’95
6s, 19*7, coupon
107% 108%
Central of N. J1st m., n.
do
do
1st consol
do
do
conv
do 1837..
do
116
do
Income. 104
Joliet A; Chicago, 1st m. 110’
La. A Mo., 1st m., guar..
94
St.L.Jack.A Chic.,1st m. 103
regfet’d
102
Asylum or Un.,due 1892.
Funding, due 1894-6... .,
Han. & St. Jos.,due 1886..
do
6s,'gold, reg...'.1887
••• *
• • •
..
101%
1*1*2%
Chicago As Alton 1st mort.
68,1917,
its, Canal Loan, 1878
...
pref
Erie
-
Bid. Ask.
SXCUBITIXS.
New York State—
06
56
56
56
...
101
(Active previ'usly quot'd.)
Albany St Susquehanna... 75%
Burl. C. Rap. A Northern. :28%
Central Pacific
72%
Chicago As Alton. ......
"C6
do
7s, 1890...
Missouri 6s, due 1878
do
do
1882 or *88
1886
do
do
1887
do
do
1888.
do
do
1889 or’9J....
do
do
109
100
108
BONDS.
Bid. Ask.
Is, new float’g debt.
do
7a, Penitentiary
do
6s, levee
56
do
8s, do !
56
do
8a, do 1875
20
do
8s, of 1910
do
78%
7a, consolidated
do
74%
7s, small
101
103
Michigan 6s, 1878-79
do
6a, 1883.
20
Prices represent the per cent value, whatever the par may he.
previous page.
STATE
6s, new....'
do
*5
^
on a
sxcusmiB.
ao
431«
do
8s,M. AE.RR..
do
8a, Ala. St Ch.R.
8s of 1892
do
dO
8a of 1898
Arkansas 6a. funded
do 76, L. R. A Ft. 8. las
do 7b, Memphis & L.R.
do 7«;L.R.P.B.&N.O
do 7a, Mias. O. & R. R.
do 7a, Ark. Cent. RR...
quoted
Louisiana 6s
43.
8a,1883
do
'
”
30
101
90
86
26
25
105
105
80
84
40
vf-Vcj
*5
.'
THE CHRONICLE.
364
[Vol. XXVI.
NEW YORK LOCAL SECURITIES.
Insurance Stock List.
Bank Stock Licit.
Wall street.)
(Quotations bv-K.-S. Ballsy, broker, 65
11-
Capital.
Companies.
Prior.
Div TDXNDS.
p- T
Marked thus (*)
not National.
SI
a.
ere
100
too
100
100
25
10
25
too
America*
American Exch..
Bowery
Brewers’ A Gro’s’*
Broadway
Bull’s Head*
Butchers A Drov..
Central
Last Paid.
Period 1876. 1877.
8,000.000 1.451,700 J. A J.
5.000,000 1,45* .2 X) MAN.
250 000
203 3-JC J. A J.
150.WU
9t*0
1.000,000 1,184.010 •J AJ.
200,000
19,-00 M. A S.
sooiooo
87,’.00 j. A J.
2,000,OOt 854,400 J. A J.
•
•
•
.
•
•
.
Bid. Ask,
43
,02
Jan. 2, *78. .4 132
5 k Nov 1,*77.. 2 .00
ki
Jan. 2. *78.. 6
8
9
7
12
.....
.....
63
16
Jan 2, *73. .8
8
8
Sept.l *75. .5
.July 2, ’77...4
Jan. 2, *78.3k
'
10
8
...
45
...
........
•
...
....
.
.
.
97 k
5
:
••»
.
"
9
Jan! 2, 78.!.3
450,000 I54%2CK J. A*J. IT
Chatham
100
Mch.i, ’78 .13
800,000 3,(88,3*0 Bl-m’ly too
Chemical..
8
6* •jan 2.'78...3
600,000
Citizens’
151,500 J. A J.
N, v. 1. ’77..5 200
10
20
100 1,000,000 1 559.210 Q-F
6
Jan. 7,*78...4 119
7
100 5,000,000
SIX J. A J.
Commerce
100
100,000
Commercial*
8,000 J. A J.
Jan. 6.76...3 •5
lOO 1,250,000
Continental
275,300 J. A J. 103
10
Feb. 1,78...5
Cora Exchange*.. 100 1,000 000 725.1-0C F. A A.
6k July 2, 77...8
25
350,(XX
Bast River
41,60 J. A J.
I*
6
Ju y 1, 76 ..3
J.
A
J.
Bleventh Ward*.. 25
1'JO.OOO
11,500
10
10
Oct. 1,77.2k
100
l150,(XX
Fifth
52.100 Q—J.
221k
lOO.COt
Fifth Avenue*.... 100
185.9CI
12
12
Jan. 2,78...8 270
100
500.00* l,m,300 Q—J.
First
6k Jan. 2, 78...3
100 1 500,00
7S
Fourth
S44.90C. J. A J.
10
Nov 1, ’77...o 147
30
600,001
Fulton
460, b00 M.AN. 10
7
A.A
O.
50
7k
Apr. 10,78.3 k
500,000
1
Gallatin
677,*00
Feb.1,74...8
’750, (XX
81 200 F.A A.
-Gar. American*.. 100
6
6
May 11, 77..6
200,OCX
Ger. Exchange*... :oo
49,t0C May.
6
7
100
May 2, 77.. 6
200,(XX
Germania*
51, 00 May.
7
Nov. 1, 77, .3
3
25
200,000
Greenwich*
18,* 00 M.AN.
25
icuiooo
300
Grand Central’....
8
8
Jan. 2,7?.. .3
40
300.000
Grocers*
23,000 J. A J.
7
3
Jan 2,78.3k
100 1 000.(XX
185.300 J. A J.
Hanover
100,000
Mch.i, 75..4
100
Harlem*
12,300 M.4 8.
14
14
Jan 2.74...7 195k
[Import. & Traders’ 10(1 1 500,00 1.760 ,00 J. A J.
8
10
500.00
J.
A
J.
50
118
400
Jan.2, ’58...4
flrvlng
6k Jan.2, 78...3
50
ioo,o<c
8.ii)c
Island Cit;**
12
Jan. 2. 78...6
600,00* 4.7, 00 J. A J. 12
Leather Manuf.... 100
8
9
Feb. 9, 78. .4 132
50 2.050.0W
Manhattan*
*
00 F.A A
Manuf. A Merch*.. 60
1™>,( W
July!,75..3k
8,l0C J. A J.
5
Jan. 3. 76...5 87
Marine
103
400,00
74,(00 J. A J.
7 k Jan. 2, 78.3k
8
r. o.Too J. A J.
IOC 1.000,OOC
Market
9
Jan. 2,78...4 130
25 2.000,00*
Mechanics
8C8,hOO J. A J. 10
a
B.-.vOO M.AN.
2k. May 1,’77.2k 47k
Mech. Bkg Aeso... 50
500,009
7k
Nov.
1,77 3k
Mechanics A Trad. 25
600,00- 133.800 M.AN.
6
3
Nov. 1, 77..8 90
2(0 000 M AN.
100 1,000,00*
Mercantile
50 3,000,00
8
Merchants
7k Jan. 2.78 3> u*k
776,b00 J. A J.
8
Merchants’ Ex
50 l.OOO.OX
210.900 J. A J.
6k July 2,77...3 10
00
Jau.8, 76.3k
34..00 J. A J.
3H
500,00
Metropolis*
10
Jan. 7,78... 5 nek
100 3.000,00
Metropolitan
863,10 J. A J. 10
r>ct
A.A
O.
100
4.4CO
1,75. .4
Murray Hill*
moo
Nassau*
too 1,000,00
6k 6 Nov.10,77 ..3
59,800 M.AN.
657.700 J. A J. 10
10C- 8.000,00
7k Jan. 2, 78.3 a 107
Few York
8
lan. 2, 78. .4
4
85.20* J. A J.
New York Countj 100
200,008
Fe *. 1, 78..4
71000
N.Y. Nat. Exch... 100
sk
800,(XX1
3
6
J.
J.
Jan.2,
77.. 3
Ninth
21.51X!
A
100
750,01>
6
7
North America*... 70
29,2iX> J. A J.
700,000
July 5,77 ..3
'.5,900 J. A J.
North River*
50
July 1, ’74.3 k
210,000
Jan. 2, 78...5
Oriental*
25
800,000 162.610 J.& J. 12 * 11
12
Feb. 1.78.2k 131
Pacific*
422.70
210,900 Q-F. 12
50
94
6
jau. 2,78.. .8
J.
10
Park
501,100
A
J.
100 2,000,000
10
147.800 J. A J. 10
Jan. 2.78...4
Peonies*
25
412,500
6
Jan. 2,76...3 78
7
159,700 J. A J.
Phenix
20 1.000.(100
Produce*
100
200,000
July.lS74.3k
100 1.500,00
273 fOO F.A A.
Republic
6k Feh.4.7S ..3
8
ion 1,000,00
Bt. Nicholas
6k Aug.13.712k
138,400 F.A A.
3
54 COO J. A J.
6
Seventh Ward...
Jan. 2.77...8
100
300,00*
10
61.100 J. A J. 12
100
Second
300,000
10
Jan. 2, 78...5
Shoe and Leather. 100 1,000,000 223 200 J. A J. 11
44:00 J. A J.
7
.Jan. 1, 78.. .3
8
:oo
200.000
Sixth
N.
7
M.A
NovlO.77
State of N.Y
100
179.'00
3k
800,001
3
5.800 J. A ,J.
8
jan. 2.78..'3
Third
100 1,000,000
8'O.OOC J. A J.
9
Jan. 2,78...4
Tradesmen's
40 1,000,00*
10
8
t’97.200 M.AN.
9
50 1,200,000
Onion
Novi,’77 ..4
8
8
Jan.2, 78..4
77,100 J. A J.
200,000
25
100
25
•
•
•
.
.
.
•
•
...
..
••
....
120
....
...
91
....
.
.
.
....
•
•
•
•
Greenwich
....
Guaranty
....
.
•
•
.
.
....
I.l#3,
....
....
•
• •
•
•
•
•
•
.
•
•
•
«
•
-
-
Lafayette (B’klyn)
Lamar..
Lenox
...
Long Island(Bkly.)
•••
Lorillard
Manuf A Builders’
Manhattan
•••
•
... »
107
...
•
..
86
Nassau
..
National
.
N. T. Equitable....
New York Fire ..
9tk
....
N. Y. & Boston
•••
•
84
SO
....
....
T...
.
.
-
,,
•
•
•
Republic
....
,
200.000
Ridgewood
200,000
200,000
Citizens’Gas Co (Bklyn)
eertificates
Jersey City A Hoboken
Metropolitan.,
do
do
certificates
bond*..
1.000,000 M.AS.
500,000 J. A J.
5,000,<00 Quar.
1000,000 F.A A.
Yar
1,000.000
700,000 M.AN.
4,000,000 M.AN.
1,000,000 J. A J.
325,000 F.A A.
800.000 J.'AJ.
.
Mutual, N. T
do
bonds.-,
Hasaan. Brooklyn
do
scrip
Hew York
People's (Brooklyn)
do
bond*
do
certificates...
Central of New York
^do
do
Williamsburg
do
466,000
1,000,000
1000,000
l,(XX-,fi(X
1,510,010
...
scrip
Metropolitan, Brooklyn
Municipal
Tradesmen’s
United States
1,77.
8k
5
Nov 1,77.
3 k Jan.,
75
8k
...
•••*•»
8k J&n.. ’77.
8k Feb. 1,78.
2
Jan., 78.
8k Jan., *18.
2k NOV 20,77
F.A A.
Quar,
J. A J.
M.AN.
1st mortgage
Broadvay dbSeventh Ave—stk..
1st mortgage
Brooklyn Wy—stock
jt mortgage
xdway
(Brooklyn)—stock...
}klyn dk Hunter'8 Ft—stock.
1st mortgage bonds
Mushwick Av. (B’klyn)—stock..
Ventral Fk, Jf. dk E. River—stk.
Consolidated mortgage bon s
Dry Dock.E.B. dbBattery—stk.
cons’d
Makth Avenue—stock...,
1st mortgage,
lit mortgage
LIB St. db wrand St Berry—stock
1st mortgage
Central Crons lourn- stock.
1st mortgage
Houston. West st.dkFav JF'y—stk.
lit mortgage
IU0
1000
100
1000
10
1000
100
:oo
1000
100
100
1000
100
SCO Ac
100
1000
100
1000
too
1000
100
500
100
900,000
694,000 j. A j.
51,100,000 Q-J1,500,000 J. A D.
51,000,000 Q—F.
300,000 M.AN.
300,000 Q—'L
.
.
New York:
Water stock...
do
.«••«•••
900.000 J. AD
1,000,000 J. A J.
203,000 J A J.
748,000 M.AN.
.
•
-
"
190
.
76
90
•
f •
*
62k
••
6
7
5
Jan., *84
JOY, 77
«...
6
Aqued’ct stock. 1865.
do
pipes and mains...
lo
reservoir bonds.....
Central Paik bonds. .1853-57.
6
7
6
5
6
7
6
6
7
6
7
»
,
#
T
-
..1853-65.
no
1870.
do
1-75.
Floating debt stock.... 1860.
•Market stock
1865-68.
Improvement stock.... 1869
do
go
....1869.
Consolidated bonds..... var.
Street imp. stock*.
var.
..var.
do
do
New Consolidated..........
Westchester County
*
T
Brooklyn- Local
‘83
.
v.
.*
*
100
115
105
50
90
Impr’em’
*
6g.
6
5
120
Feb.. ’73..5
15
Jan., 78.7k
12
Jan.. ’7X..5
luly. ’77..5
Jan., ’73..6
10
12
Il2
10
10
10
11
20
J,,T., 7S..5
Jan., ’73.15
Jan,, 76..5
3)
(0
4)
5
10
78.3k
10
1*1
!0
12
12
13
iu
20
10
2)
.0
.0
•20
in
12
!0
Jan., 78..5
3J
J in.. 73.10
•Jan , 73,10
Jan. ■73..5
20
10
•20
1C5
80
Jan., 78..8
Jan., 78..7
:8
20
20
17
125
78.10
78..5
78.10
’■,8. 7
Jan.,
Jan.,
Jan
Feb
11
•
270
Jan 73..10
Jan.. 73. 5
fan.. 73..5
Jan., 78. .5
Jan., ’78.. 5
Jan., 78..5
Ja i., 78..5
Jan., 78..5
Mch. ,78. .5
Jan.. 78.liJau, *7 '..5
Jan., 78 .8
Jaj., 78..5
Ja i., 78..5
Jan., 73.. 3
Jan., 73.. 5
Jan., 73.. 6
Ifi
10
10
12
30
20
20
20
20
125
Ja ... 73.7k
•Jan.. ’77..5
20
10
10
20
10
20
lO
10
20
10
11
14
30
-20
10
20
30
25
16
20
•20
70
Aug.
io
.
10
10
13
30
20
20
20
15
109
190
150
.
10
July '77.
12
11
‘20
•20
Jan.
.5
:io
’7S..6
Apr. 78. .3
73.20
Jan. 78 X
200 ‘
105
180
20
Jau, 73.10
Jan
73. .6
Jan., 78. It*
8k 3k .1 «n. .77 3k
10
10
Jan. 78. a
240
18
2
10
10
10
13
25
.
July 77.
July 76
.5
.5
Ja t., 78..5
...
12
20
12k 15 k 16
10
10
10
11 6 t
t
15
17k
i2k
10
10 ,10
20
20
16
•20 '25
2)
16
16 •16
10 *10
10
20
2*
20
Months
*
r
r v t
- -
.
•
a
“
Bridge bonds*.
Water loan.
.
.....
...
r.......
,City bonds...
.........a.....
Kings Co. bondB*.
t
.....
do
do
Park bonds
*••>..
...
...........
Bridge
......
Brooklyn bonds flat.
v7
7
7
7
6
6
7
6
6
•Alt
*
[Quotations by C.
Feb.,
.
78.10
78 .8
Jan.,
•an
150
Feb. ,78..4
July *77,6*23 130
Jai. 73.7k
|VY b ,73..5
'78. 7
Jan
Jan.. *78. 5
Jan ,78 6
Jan. 78..5
J an
„
120
111
200
*78.10
BKI
May Aug.&Nov
do
do
do
do
do
do
do
do
;
6
7
7
7
7
7
do
do
do
do
do
do
>do
Janaary A July.
do
do
•
do
do
do
do
?
164
102
103
102*
102
108
106
101
104
117*
117*
li7K
103*
do
*
1924
•
104
-
105
106
I«i2
136
110
108
107*
109*
Jersey City.]
1895
„
Jan., May, July A Nov.
J. A J. and J A D.
January and Julv.
117
1902-1905
J 881-95
1380-83
1^0-55
907-1910
'
Montgomery St,
do
106
100
1915
do
do
do
x
do
May A November.
do
V do
January A July.
do.
»Sldo
jit, "■ '••••
January A July.
January A Juiy.
100
til
1878-80
1881-95
1915-21
1903
January A July,
do
do
do
do
103
104
R2
106
*01
st.j
BK«ttt»..ir.. Bruner.
Zabbisrir.Tu
Jersey VUy—
Water loan, long.. .........
do •• ...........1869-r71
Sewerage bonds
1866-69.
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds
1868-69.
1890
1883-90
1884-1911
1884-1900
1907-11
1878-98
1877-95
1901
1693
1878
1894-97
1889
1879-96
1901
1888
1879-82
1895
'*
1894
Feb.,May, Aug.A Nov.
May A November.
"
100
100
102
1878-80
1878-79
do
do
do
do
May A November.
do
do
do
Bid. Askd
Payable.
May A November.
Feb.,May Aug.ANov.
7
7
City bonds
do
».»«««•
:Purk bonds
Water loan bonds
*•••••• ••••*•-
....
5
..1852-60.
do
muoiauoiis i»y in. r.
,
X*S:
waterstock..1845-51.
Jan.,
236,000 A.AO. 7 April. *93
600,000
300,000 MAN. 7*' Nov.,1904
J
250,COO
13
^
85
500,000 J. A J. 7 July,1894 83
Second Avenue—stock
66
1,199,500 Q-—F. 2 Jan.. \8 63
1000
3d mortgage........
150,000 A.A U. 7 April, *c5 95
1000
M.AN. 7
Cons. Convertible
95
May, *88 90
900 Ac
’Extension
200,000 A.Ao. 7 Oct.. *83
100
5
Sixth Ar>en\te- stock
70
750,00C
May, 77
tooo
7
Tit mortgage
415,000
July,1890 105
100
5
mm Avenue—stock
1*0
133
Jan., 1878
2*000,000 Q—F.
1st mortgage
2 000,000 J. A J. 7
1000
July, 1890 100
100
95
100
600,000 J A J 4 Feb, ’78
firvnly-lhira Street—stocK
lSt
1«0
«n.onp MAN. 7
105
May. *93 100
"^Thls column shows last dividend oil stocks, but the date of maturity of bonds.
.
...
6
...
Croton
104
165
78 45
95
Dec ,1502
Feb
78
Ju :e, *93 too
Jan., 78
7
5
1854-57.
do
75
....
.1841-63.
Croton
2k Apr, 78 x70
June,1884 101*
3k Feb., 78 P0
.
’78
Jan.,
Jan,. 77 .3
1S76 and 12-50 lfi 1877;
t Continental, 1 *45 lu 1S7(
Rate.
7
1888
Jan., 73.6*65
Apl., 78 1)
14
3
15
Bonds due.
12
400,000 A.A U.
800,000 J
J
560,*00
1,800,000 J. A J. 8
1,200.000 J. AD. 7
1,300,000 Q-F. 2
5
5
INTEREST.
Dock bonds
NOV., ’60
Apr., ’78
uct
76
403,142
160
.
25
t
2)
f
5
10
11
10
10
20
10
11
15
10
.10
16
123,752
52.184
116,366
163,534 110
223,643 I14
221.003 10
300,000
250,000
Jan.. *78..'.
Jan , ’J8..5
Jan, ’77..4
nan., *77. .5
.Jan., *7<..r>
Dec., ’77.10
Feb., *77..5
Feb., 73.10
Jan., ’73.10
»an.. ’78.10
Feb.. *78.5
Jan
’78..6
•July, •77..5
Jan., ’77. .5
Jan., 78.10
Standard, 11 55 in 1376 and 12 35 in 1877. (—) shows deficiencies.
City Securities.
[Quotations by Da nirl A. Moran, Broker, 40 Wall Street.]
.8
90
7
3
3
7
180,044
Bid. Ask
surplus
do
July, 19(;0
203,785
116,943
14,4<4
reoresented by scrip is deducted,
95
115
<5
90
75
75
It 8
97
69
95
*
7
..
Williamsburg City.
[Quotations by H. L. Grant, Broker, 145 Broadway.]
fBeecker 8t.dk FuUonBerry—si^..
t 8.32 i
—18,150
60,747
200,000
150,000
250,000
Westchester..
20
10
10
16
10
10
14
30
10
10
20
20
20
12
20
20
3,256
55; 755
200.000
Sterling
Stuyves&nt
5
3
4,000,000 J. A J.
2,500,000 M.4 8.
Manhattan
Star
Askd
18
789 til2 10
200,000
200,000
200,000
200,000
Standard
io
102.561 20
206.026 20
103,888
18
12
20
.
448,830 10
124.141 12
424.8S3 SO
150,000
Resolute
St. Nicholas
Bid.
Date.
*
10
15
10
192,806 10
208,04 10
268,204 20
177,0 8 10
49,942 10
191,016 17
114.9! 6 •20
211.737 ‘20
1* 8,519 10
823,998 •20
178,795 •20
80.494
200,<00
200,000
800,000
Safeguard
Apr. i. 78 150
73
Jan. 15,7s
3k Apr. 1, 78 95
85
8
Feb. 1,78.
5
J n.,
7S 160
5
Feb. 1,78 200
5
Feb. 6. *78 129
3k Feb. 6. *78 10CX
100
8k
ik April 1,78 75
95
3 k* *eb. l,*7s
75
3
Jan. 15,78
2,000,000 Yar.
Yar.
1.200,000
820.000 A. AO.
1,850,000 F.A A.
386,000 J. A J.
Brooklyn Gas Light Co
do
Harlem
Rate.
Par Amount. Period
Gab Companies.
57.93>
—8.74
22*
17**
10
•20
10
10
10
10
12
10
10
12
12
13
10
20
1134,946
—26,013
5
20
20
# ^
10
49,6(9
151,093 10'
126,919 10
1,000,000
Rutgers’
Gas and City Railroad Stocks and Bonds.
[Gas Quotations by George H. Prentiss, Broker, 80 Broad street.1
195,0.0
150,000
Phenix (B’klyn) ..
Produce Exchange
Relief
•
153
....
.*.
People’s
....
•
’
10
20
10
7
10
•20
20
796,818
350,000
200,000
200,000
Park
•«•«•••••••
Peter Cooper.
....
•
.39,470
500.000
North River
Pacific
.
• •
..
City...
New York
Niagara
...
....
(B’klyn)
...
+
It
15
•20,48!
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
200,000
Mercantile..
Merchants’
Montauk (B’klyn).
....
(1.
10
10
200,000
250,000
Mech.&Trad’rs’...,
Mechanics’(Bklyn)
...
••
96.478
150,000
280,000
150,000
200,000
150,000
200,000
300,000
Kings Co. (B’klyn)
Knickerbocker
....
.....
553,898
104,159
.Jefferson
aa
20
1,016.703
200,000
200,000
200,010
Irving
.
Patent.
July, ’77.5
Jnn., *74 5
20
10
so
20
43
10
10
18
!0
10
importers’* Trad..
•
....
129,148
....
•
t
...
fig’s
26,019 10
no
25
15
15
10
10
8
8
10
10
10 1 0
20
30
iO
5
20 i 20
20
30
23
•20
20
20
20
20
10
10
10
10
25
20
9’3(; t
30
30
14
14
10
10
-TO
15
15
15
19
10
10
12
12
io” io *
116.152 15
301.6:4 50
131,166
79
•
4.978
—?8,23i io*
686,9 1 10
658,0 9 10
r.00,000
95
,
10
10
164,801 13
+399,486 10
496.781 30
96,572 10
—19,7(4 !0
11;,7*8 10
154,558 10
97,683 13
-13,406 10
b0,783 10
—17,877
2.0U8
Howard
..
....
» *
Hope
•
)S8J19 17
200,000
1,000,000
500,000
200,000
200,000
200,000
200,000
150,000
500,000
200,000
3,000,000
150,000
.
17
•20
....
•
•.
...
•
....
...
•
•
•
....
•
Hanover
Hoffman
Home..
....
•
,
2(4,883 30
21* .01,0
Guardian
Hamilton
5
fU ’8
SC-O,5^ 20
250,000
300,000
200,000
200,000
1,000,000
300,000
200,000
200,000
200,010
200,000
204,000
150,000
150,000
.'
Globe
....
....
....
•
t320,S70
179,468
Germania
.
66
.
’
•....
800,000
210,000
German-American
....
•
no
Gebhard
•••
•
• •••
no
200,000
300,000
200,000
200,000
163,000
Exchange...
Farragut
Firemen’s
Firemen’s Fund....
Firemen’s Trust...
Franklin
....
fig’s 10
109,572 10
892,121 20
200.000
.
Atlantic
Bowery
Brewers’ & M’lst’rs
Eagle
Empire City
Emporium
•••
•
200,000
72.17 10
—9,613 7k
19
15
15
10
4
5
10
10
10
1 14
£(,314 10
7211,702 U
Arctic
Commercial
Continental
....
...
*
••«
Amity
18,856 10
200,000
Commerce Fire....
230
...........
.
•a.
400.000
Clinton
Columbia
....
•
300,000
City .........
••
•
200,000
yfjtna.
American
.
American Exch’e..
Citizens’
....
•••
,
.
a.
•
•
...
*
•
•
Ad r iatic
Broadway
Brooklyn
•
110
...
•
•
....
....
•
•
•
....
.....
•
•
‘DlVIUKJHI>B.
Jaw. 1, 1874 1875 1876 1377 Last Paid.
Par Amount.
1878.* j
COMPANIES.
Amonnt
Nrt 8UR
PLUS,
Capital.
’
1899-1902
1877-79 •
, 1391
•
1903
102
161
*K8k 109*
100
1 Ws
ue
tw
»U1
US
109
»
THE
18, 1878.]
AfBjL
CHRONICLE.
Extraordinary Expenses:
uujestmcwts
.
Renewal of track
;
New bridges
New buildin?8
New tools and machinery
.
AND
STATE, CITY AND
365
CORPORATION FINANCES.
$376,171
15,>5S
$389 392
20,178
11.6S6
27 928
.
.
W
3,615
Total expenses.
$4,953,324“
$4,540,433
RECAPITULATION.
The Investors’
Supplement is published on the last Saturday
of each month, and furnished to all regular subscribers oi the
Chronicle. No single copies of the Supplement are sold at the
office; as only a sufficient number is printed to supply regular
167*5.
Gross earnings.
Total expenses
Net
earnings.
subscribers. One number of the Supplement, however, is bound
ap-with The Financial Review (Auuual), and can be purchased
in that
shape,
ANNUAL
1877
$8, >14,694
4,953.324
4,540,131
$3,100,847
$3,574,460
SUMMARY OP OPERATIONS IN
No. of miles run by passenger trains
#No. of miies run by freight trains
tNo. of miles run by wood ahd gravel
Total No. of miles
REPORTS.
run:
Increase. Decrease.
$8,054,171
$60,722
$419,890
$473,613
1877.
1,878,602
-.
3,109,837
306,625
..
trains...
...
4,7S5;06f:
*
No. tons
Chicago Milwaukee & St. Paul Railway.
(For the
year
ending December 31, 1877.)
From the annual report we have the following :
The entire cost of the whole properly, including equipment,
bridges, elevators, warehouses, cattle yards and grounds, is as
follows:
'
mortgage bonds... *
Preferred stock..
Common
*.
stock
....
Total
..
.
LeSB cost cf Western Union stock
Less cost of Oshkosh & Miss. River
Cost of 1,412 miles
$29,954,5C0
12,279,481
15,-404,261
$57,638,244
Railway bonds.....
$1,500,750
203,00J
The average price per ton per mile received for freights for a
series of years past is as follows: For 1865, 4 11*100 cts.; 1866,
8 76-100 cts; 1867, 3 94 100 cts.; 1868, 3 49-100 cts.; 1869, 3 10100 cts.; 1870. 2 82-100 cts.; 1871,2 54-100 cts.; 1872, 2 43 100
cts.; 1873, 2 50-100 cts.; 1874, 2 38-100 cts.; 1875,2 10-100 cts.;
1876, 2 04-100 cts.; 1877, 2 08-100 cts.
STATEMENT OF INCOME ACCOUNT.
By balance January 1,1877
To purchase of Milwaukee & Prairie du Chien Railway
Company outstanding stock
To dividend on preferred stuck paid October, 1677, out of
the net earnings of 1876
...
To sinking fund of 1 per cent on consolidated sinking
fund bonds outstanding Dec. 22, 1876, paid out of the
net
earnings of 1876
$1,483,645
$4,033
429,606
53,000— 486,640
$947,004
$2,259,306
The bonded debt of the company
has been decreased during
the year $56,000, mainly by the operation of the sinking fund
provided for by the consolidated sinking fund mortgage. The
preferred and common stock have each been increased $5,000.
This was for the purpose of retiring $10,000 of Milwaukee &
Prairie du Chien Railway Company stock, which leaves only 75
shares of that stock outstanding, and for which this company is
under an engagement to issne its own stock. These changes
produce a reduction of $46,000 in the combined stock and bond
account.
During the year, the company has constructed about
thirteen miles of road in Wisconsin, from New Lisbon, on the La
Crosse divieion, to the village of Necedah, on Yellow River, a
tributary of the Wisconsin, where several large saw-mills are
located. The entire cost to this company of constructing these
thirteen miles has been only $45,013. During the year, 6 loco-,
motives, 2 passenger cars and 450 box, 100 stock, 12 caboose
and 2 railway and post office cars have been added to the equip¬
ment of the road.
At the close of the year 1876 the company
had1 335 miles of steel rails. There have since been laid 77
miles of new Bessemer steel rails and 47 miles of first quality
re-heated iron rails.
The gross earnings ol the company for the first
1874 were....
And for the first ha* t of 1877 they were
half of the year
$3,9C0,fl7
2,958,153
’;Comparative decrease for the first half of 1877.
$1,002,363
Fob the last half of 1876 the gross earnings were
Ant for the like period of 1877 they were
$4,093,i5t
...
Comparative increase for last half of 1877
5,156,7 40
$1,063,(86
An explanation of these
that the wheat crop in the
company was very
wav
above
an
fluctuations is to be found in the fact
States traversed by the roads of this
deficient for 1876, while for the year 1877 it
average.
A detailed statement of the affairs and operatiotiS of the West¬
ern Union Railroad Company for the year 1877 will be found
appended to this report. This company owqb a majority of the
stock of the Western Union Railroad Company, bat is in no way
holden to said company or responsible for its operation or affairs.
The following exhibit gives a comparative statement of the
earnings and operating
expenses for the years
1876 and 1877;
EARNINGS.
gwguftolglm...
From
passengers
mails,
express, etc.
1876.
1877.
Increase.
$5,384,239
$243,675
1,*9 <,058
$5,627,906
1,780,; 69
770,882
7c6,*18
Decrease.
$118,8*9
64,063
$60,723
$4,645,994
*02 08-100
*03 21*100
*25 4-10
*08 UlO
-01 4-10
*10 2-10
*26 1 10
Length of road December 31, 1877
1,412 miles
^
tGross earnings per mile of road
$5,788 96
fNet earnings per mile of road
«.
2,547 72
•Includes switching.
tWood and g avel trains are not included in the above per centages.
jin arriving at th-se results, the average number of miies in operation for
the entire year was need, viz., 1,408 miles.
GENERAL
ACCOUNT, DECEMBER
31, 1877.
Pr.
Cost of road
Western Union Railroad stock
•;
St. Paul Stillwater & Taylor’s Falls Railroad
Madison & Portage Railroad bonds
Oshkosh & Mi-sfsa ppi R'ver Railv ay bonds
Worthington & Sicar Falls Railroad bonds
stock
15,0d0— 1,515,750
1S0.771
203,00J
11,700
7,r;oo—
City of Hastings bonds
Cash
on
hand....
$56,886,833
...
$1 ,5* 0,750
*
853,171
189,186
47,413
104,722
264,565
9,616-
..
426,217
1,181,047
$60,562,205
Total.
$12,279,483
15,404,261-$27,683,744;
Capital stock, common
$29,954,500
Total funded debt
8,785
Incumbrances assumed
364,555
23,916
Unpaid pay-rolls and vouchers
Due other railway companies, “ freight and ticket accts.’’
128.985
Miscellaneous accounts
Dividends unpaid
13,364
25,078
Coupon account
2,359,306— 2,923,961
Income account
$60,562,206
Total
Western Union Railroad*
(For the year ending December 31,1877.)
following is a comparative statement of earnings and ex¬
penses in 1876 and 1877:
The
Earnings:
From freight
From passengers
From malls, express,
Total
...
&c.......
earnings
Total expenses
Net earnings.
Number of tons of freight carried one mile...
Number of passengers carried one mile
Amount received per ton per mile
Amount received per passenger per mile
Cost of maintaining track and bridges per
Cose
Cost
Cost
Cost
1877.
$767,926
214,174
42,959t
1876.
$778,483
225093
44,338
$1,047,915
799,369
$1,025,058
$248,545
$326,K9
699,019
1877.
SUMMARY FOB
-
44.628.585
6,164,609
*01 72-100
*03 47-ICO
*21 44-100
.
mile run
'08 35-100
'07 17-110
of repairs of engines......
of engineers and firemen
of oil and waste.
.
of fuel
'01 20-1(0
*
*
*
*07 43-100 *22 15*100
21*2* mile*
$4,818 00
1,53$ 00
Length of road December 31, 1877
Gross earnings per mile of road
Net earnings per mile of road.
Missouri Kansas & Texas.
(For the year ending December 31,1877.
Company of New York, trustee under the
mortgages, submits the report made by the General Manager of
the operation of the road under the agreement of March 1st,
1876 for the year ending December 31, 1877, showing a net
amount to the credit of income account of $952,211. During the
year 1877, there were remitted to the Trustee and realized in
cash $863,601.
The total payments upon coupons called for
by the terms of the agreement amounted to $775,006 in gold,
These were all met at maturity,
costing in currency $809,677.
except the payment upon the August coupon, which was delayed
The Union Trust
until November 15.
The tolls upon the
.
Boonville Railroad bridge amounted to,
The interest upon the bridge bonds lias been
$119,498.
regularly paid in full in gold* atod the principal has been reduced
$4,102,190 during the year $1Q,0£0 by the operation of the sinking fund4,
gross,
1875.
1*01
*56 p. cent.
*06 4-lr»
Capital stock, preferred
3,574,460
2,162,159—1,412,301
Balance December 31,1877
55,925,44$
1-81
1*29
Or.
4,540,433
Less interest paid in 1877.
of maintaining track and bridges per mile run
of repairs of engines per mile ran
of engine rs and firemen per mile run
of oil and waste per mile run
of fuel per mile run....
Stock of material on hand
U. S. Government Post-Office Department
Balance due from agents and other companies, “freight
and ‘ick> t accounts ’’
Misce lanedis acGounts..i
.....i
Biils receivable
'.....
$8,114,894
By gross earnings 1877
Less operating expenses
Cost
Cost
Cost
Cost
Cost
271,598,>337
..
1,703,750
$55,534,494
($33,613 per mile)..
freight carried one mile
No. pa- St. ngers carried one mile.
Earnings per mile run on freight.
Earnings per mile run on passenger
Expenses per mile run, including all expenditures
Per itemage of expenses to earniogs, including air expenditures...
Amount received per ton per mile
Amouut received per passenger per mile
.1877.
THE CHRONICLE.
366
bonds to that amount
having been drawn and paid off at par in
[VOL.' XXVI.
-0340
mile
Expense per passenger, per mile
The business from Kansas City and the
Revenue per passenger, per
*0271
Missouri Valley, via
The report of the general manager, Mr. William Bond, gives a
Fort Scott, to Texas and the Southwest during the past year has
very complete exhibit of the operations of the company :
largely increased, and gives every indication of a steady improve¬
COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES.
ment in the future.
This business is very desirable, as it brings
Earnings.
-1877.into use that portion of the road running through the Indian
-1876.Per ct.
Earnings. Territory, which has very little local business.
Per ct.
Earnings.
63*07
$2,176,275
Prom freight
$2,196,432
68 27
The Equipment Trust Company, which, during the year 1876,
26*04
832,675
819,487
passengers
25-47
02*97
94,925 furnished for the use of the railway 10 locomotives and 100 box
mails
0382
122,669
01-71
54,775 cars, has, during the year 1877, added to the existing equipment
54,775
01*72
express
01*21
38,670
23,914
miscellaneous
00 72
10 additional locomotives and 50 flat cars, upon the same condi¬
tions,
in reference to payment of rental, as were made at the time
$8,197,321
$3,217,278
the previous equipment was furnished, and explained in last
Expenses.
anses.
Per ct.
gold.
'
“
“
“
**
Per ct.
Expenses.
27*42
25*00
$505,024
Conducting transportation
Motive-power
20*48
05*52
11*63
Total operating expenses
renewals
Net
and
499,616
185,5'8
320.780
113,5:35
416,197
$1,371,893
37,607
earnings
118,724
$1,048,664
$1,834,275
proceeds
Ratio of operating expenses
renewals to gross earnings
and
63*64
57*35
....
Consolidating the items of “ Renewal” and " Improvement ”
we have the following result:
Expenditures for new rails—4,288 tons of new steel rails
expenditures,
or
re-rolled iron rails
Expenditures
Expenditures
Expenditures
Sundry other
and 497 tons
for 868,161 new cross-ties and 85 sets new switch-ties...
$265,091
164,374
38,981
101,048
19,299
for labor on new steel and ties
for new bridges, bridge masonry, culverts and treaties.
items
Deduct from this amount
annual report.
LAND DEPARTMENT.
The
operations of the Laud Department may be briefly sum¬
marized
as
follows:
total consideration in
cash, bonds and bills receivable of $170,758.
The cash received
on account of sale of lands, and collections
for previous sales,
$2,034,932
amounted to $29,483.
The payments on account of the Land
$1,162,388 Department have been $68,094, as follows: Laud Department
$1,845,394
Improvements
Net
461,516
183,962
378,173
101,900
214,817
09*95
Maintenance of cars
Maintenance of way
General expenses
Renewals
499,263
24 54
21*56
09*11
15-74
05*68
20*45
$588,798
58,874
proceeds of old rails sold.
Balance, amount expended in renewals and improvements from
revenues of railway during 1877
$529,921
All of these renewals and improvements have been recently
by the civil engineer and expert appointed for this
purpose, and have been pronounced by him as “ vitally necessary
improvements/* made with “ sound j udgment and strict economy.”
The remittances to the Trust company during the year have
examined
There have been sold 76,694 acres, for a
direct expenses, $24,002; miscellaneous expenses, $10,199; and in
addition the taxes paid upon the entire land grant of the com¬
pany, $33,893—making a
to the Land Department,
deficit in its cash operations, chargeable
of $38,611. There have been delivered
to the trustees, Messrs. Sage & Cowdrey, as consideration for
deeds, and canceled by them, $160,000 Union Pacific South. Br.
bonds, with coupons amounting to $167,170; and there were in
the hands of H. B. Henson, Secretary of the Missouri Kansas &
Texas Railway Company, Dec. 31,1877, and iu transit, $6,000 of
Union Pacific Southern Branch bonds and 23 past-due coupons,
amounting to $6,690—being a total of bonds and coupons received
and retired during the year of $173,860.
ESTIMATES FOR 1878.
Mr. Bond submits estimate for renewals and
the year 1878, which includes :
improvements for
$260,880
1st—Steel rails
2d—Ties
150.000
3d—Bridges and trestles
4th—Widening banks, ballast, <fcc
165 030
80.000
5th
25,000
-Buildings
Total
$680,880
.
been:
Cash and Texas Central notes paid at maturity
|824,676 Being about $150,000 more than was expended during the past
year for expenditures of a similar character.
Account against Houston & Texas Central Railway, as adjusted by
the accounting officers, Dec. 31, 1877, including interest to that date. 293,330
BALANCE DEC. 31, 1877.
The following is a consolidated statement of the general
The trustees general account gives the following items of
accounts of the operating department of the Missouri Kansas & assets:
Texas Railway, under the trusteeship of the Union Trust Com¬ Assets, as per General Manager’s ledger
$387,143
pany of New York, covering a period from July 1, 1876, to Lessjiabilities, as per Gen. Manager’s ledger.... 382,456— $4,687
Cash balance in Union Trust Company
34,835
Decembei 31, 1877 :
Notes of the Houston & Tex. Cent. Railway Co.,
Dr.
Gross earniDgs for 18 months ending Dec.
Less operating expenses and renewals
Improvements
Taxes
on
road-bed, &c
Receiver’s balance of materials
$4,996,760
$3,051,052
137,006
170.963—3,359,021—$1,637 738
and snpplies
95,261
31, 1877
taken in settlement of account to Dec. 31, 1877. $226,601
Draft of Houston A Texas Cent. Railway Co. on
New York (paid in cash)
23,364-249,965-
$1,237,063
Antonio Railway.
(For the year 1877.) *f Road—Harrisburg, Texas, to San Antonio, Texas, 215
Galveston Harrisburg & San
$1,732,999
Cr.
Transferred to the Union Trust CompanyIn cash
Houston & Texas Central Railway Company’s account..
Land Department-
Line
$1,173,676
293,830—$1,467,006
57,607
Taxes.
Bonds purchased...
29,152—
Less ca?h proceeds from eale of lands
Advance account new compress at Denison.........'.,.
148,523
70,497—
Equipment and betterment account
Unadjusted accounts
...
..
Accounts receivable, railroad
company’s, individuals
and United States Government
Earnings uncollected Dec. 31, 1677
Material and supplies on hand Dec. 31,1877
Cash on hand at Sedalia office Dec. 8), 1877
$167,393
96,167
123,523
59
$387,143
Less
4,687
382,456—
pay-rolls and accounts payable
miles.
Boiling Stock—Locomotive engines, 21; passenger cars, 17;
baggage, mail and express cars, 5; caboose cars, 6 ; and freight
cars—box, 141; stock, 131; and platform, 161; total revenue
78,026 cars, 444. Derrick car, 1; and roadway and service cars, 78.
46.914
The road was opened to San Antonio March 1, 1877.
The
134,036 average length operated in 1877 was 209 miles. A branch to
7,328
New Braunfels, 10 miles, is projected.
Operations—For the fiscal year ending Dec. 31, 18 7. Train
$56,863
Expenses
$289,489
service: passenger, 144,848, and freight, 219,050; total revenue
train service, 363,898 miles. Road wav and working trains, 129,272 miles; total engine service, 493,620 miles. Passengers carried
(10 months), 42,194; carried one mile, 3,709,517. Freight moved
(10 months), 85,933| tons; moved one
mile, 15,558,940 tons.
[General offices burnt in September and reports for Aug. and Sept,
The following condensed statistics of freight traffic give the destroyed.]. Fiscal results for year as follows;
results of the operations of that department for the entire year:
Earnings. •
* •
Expenditures.
j
Passenger earnings
$176,460 38 Way and structures
$27,680 28
FREIGHT TRAFFIC.
Freight.........
* 820,109 84 I Rolling stock
121,380
93
1877.
1870.
94
sportation
169,808
M-iil and express
30,638 78 Transportation..........
94
189,808
Total number tons freight carried
500.792
440,848
41,854 57
Misc ellaneous
$1,732,999
-
..
Number tons of freight carried one
Revenue per ton per
mile
mile
Expenses per ton per mile...
The earnings
110,695,714
*01962
*01237
.
105,110,714
*020^9
for the year 1876 were $312,353 increase over
the
25,364 23
Minor sources
Total
($5,036 21
per
$1,052,568 2a
mile)
.
Total ($1,723 47 per
mile, 84*22 per cent;....
$360,204 73
Balance, net earnings, $692,363 51. Payments from net earn¬
1875, while the earnings for 1877, although $292,396 in
of the year 1875, show a decrease of $19,957 from those of ings—Interest on funded debt $136,055 19; interest and sinking
fund to State of Texas, interest on floating debt and premium on
1876.
The unprecedented rains which occurred during the last quar¬ gold, $233,161 86; and taxes and other payments, $17,585 03;
ter of the year seriously interfered with the freight traffic total, $386,802 07. Credit balance at close of year, $305,561 44,
which waB expended on construction.
receipts and earnings.
FINANCIAL STATEMENT—GENERAL BALANCES, DEO. 81, 1877
Out of 501,000 tons of freight moved over the road during the
Liabilities.
Property
and Assets
year 1877, 118,000 tons, or 23£ per cent of the entire amount, were
Road and appurtenances $8,665,392 15 Share capital paid in.... $4,638,794 40
grain, and 115,000 tons, or 23 per cent, were live stock, both of Rolling stock
787,388 24
1,811,205 ISO
which require either teaming or driving long distances from the Real estate & buildings. 1,658,508 95
owned by Co...
1,599,COO 00
place of production to get to our stations; and of the freights Bonds
V
$6,450,000 00
85,415 72
obtained at and going from local stations, 104,000 tons, or 21 Material & fuel on hand.
85,937 64 Funded debt
Bills receivable.....
55,643 20 Bills payable
per cent, were lumber and coal, which require extensive teaming Other current assets
770,088 90
Current accounts
246,184 28 Other liabilities
from the depots to the consumers.
School fund, State of
on hand
26,823
87
Cash
The following condensed statistics of passenger traffic give the
Texas...
407,066 82
results of the operations of that department for the year 1877 :
Currentacconnts(includ-.
Total property and
year
excess
.
....
on
....
.
assets
PASSENGER TRAFFIC.
Total number of passengers carried
Number of passengers carried one mile
225,722
24,520,660
$13,110,348 55
ing coupons, $840),..
84,607 27
Total liabilities....
.$18,110,848 »
Amtfi.
*
THE, CHRONICLE.
13, 1378.]
367
1
The funded debt consists of first mortgages, railway and land
per cent gold bonds, dated Feb. 1, 1871, and pay¬
sinking fund 6
able, interest semi-annually Feb. 1 and Aug. 1, and principal
increases from 2 to 8 per cent. New England 3 to 34, People's 34
to 4 and Revere 0 to 3 per cent.
The following banks pass their
dividends: Central, Commerce, Commonwealth, Everett, First
1,1910. Of the $4,200,000 issued, there are still on hand Ward, Fourth National, Globe, Manufacturers’, Market, Merchan¬
unsold $1,399,000.
dise, Metropolitan and Third National. It is a singular fact that
The mortgage covers the entire property, including about in all the changes precisely a like number as in October (14) pays
1,500,000 acres of land and the franchises of tlie company. The 2 per cent.
The Eleventh Ward Bank is closing up. The Pacific (new)
proceeds of the sales of the subsidy lands (16 sections per mile)
will go to the trustees and be used to purchase the bonds in the has not been in operation Bix months; commenced Nov. 12,1877.
market. The bonds are further secured by a sinking fund of one The National Bank of Brighton has changed its par value from
per cent, to commence in 1880, and for which bonds are to be $80 to $100 per share, giving 4 new shares for 5 old ones. The
drawn annually thereafter, by which process nearly all the bonds Revere reduced its capital Feb. 1 from $2,000,000 to $1,500,000,
Will have been retired at maturity.
paying off at $100 one share in four. The Globe passes for the
The $1,399,000 bonds still on hand and also $200,000 Bexar first time to its history of 54 years, but this is due to a true policy
of conservatism, and not to a lack of actually earning a dividend
county bonds are held as assets against the floating debt.
The debt due the State school fund ($407,066 82) pays 6 per the past six months. The same can be said of other banks
cent interest and 2 per cent sinking fund, in semi-annual instal¬ passing.
Of tbe sixty-two banks within the limits of Boston, two pay 5
ments,' May 1 and Nov. 1. The sinking fund will retire the whole
amount in 1890.
per cent, two 44 per cent, five 4 per cent, four 3| per cent, thirteen
The floating debt and credits applicable thereto stood, Dec. 31, 3 per cent, one 3 per cent quarterly, twelve
per cent, fourteen
2 i er cent, and twelve pass (besides one new and one in liqui¬
1877, as follows:
Debit.
Credit.
dation), making an average of 2*34 per cent.
Feb.
Bills payable, including
notes of $750,000 to T.
.
W. Peirce
$1,348,635 56
Other liabilities, includ¬
ing $265,893 85 due. T.
770,038 90
33,761 27
Current accounts
Total
station agents and
necting roads
-
W. Peirce
Coupons outstanding
Bonds unsold...
$1,399,000 00
Bexar county bonds......
200,000 00
Notes receivable, cash
and balances due from
840 00
....
$3,058^81 78
con¬
364.643 49
Total
$1,963,643 48
Balance—net float, debt..
$89,438 24
GENERAL INVESTMENT
NEWS.
Atchison Topeka & Santa Fe.—The Land Department
reports that the sales for March amounted to $125,965, against
$27,050 in March, 1877. "The immigration along the line of the
road in Kansas is said to be large.
Baltimore & Ohio.—The
regular monthly meeting of the
Baltimore, April 10.
The Committee
on Finance submitted a report and a resolution that the Board of
Directors recommend to the stockholders of the company the
acceptance of the act passed at the late session of the Legislature,
Directors was held in
providing for an adjustment and final settlement of all pending
controversy between the company and the State. The report and
resolution
Canada Southern.—The Canadian Parliament has passed the
authorizing this company to make the necessary issue of bonds
and take other action required to carry out the arrangement made
with the bondholders. It is announced that the agreement has
act
been
signed by holders of about seven-eighths of the bonds.
Cincinnati Southern.—A New York Times despatch, dated
Cincinnati, April 11, says: The Ohio Senate to-day passed a bill
authorizing the city of Cincinnati to issue $2,000,000 more bonds
for the completion of the Southern Railroad.
The House will
probably pass the bill to-morrow. It is mandatory upon the
trustees to use tbe $2,000000 authorized in opening the road to
Chattanooga. The salaries of the- trustees are virtually abol¬
ished, and it is provided that the bill shall be submitted to tbe
vote of the people of Cincinnati within twenty days after its
passage. The wrangle over the question of the completion of the
road has been long and bitter.
A large party has been in favor
of throwing away the $16,000,000 already expended and letting
the road go to the dogs.
Cincinnati Wabash & Michigan.—It is stated that five
locomotives and sixty cars of this road were sold March 27, at
sheriff's sale, at Wabash, Ind., to satisfy a mortgage of $100,000,
held by Mr. J. W. Wade (deceased).
unanimously adopted, and a general meeting of
Connecticut & Passnmpsic.—A Montreal despatch of April
the proposition of acceptance was 10
says: ‘‘At a meeting of the managers of the Passumpsic &
called, to be bold at the office of the company, on the 10th day of Southeastern Railroad, held here this week, all differences were
June next. Daring the litigation between the State and the com¬
satisfactorily adjusted. The Southeastern Company is to take
pany, in regard to the gross receipts for passenger tax, the and
operate the Missisqnoi & Clyde River road, which has been
company passed five semi-annual dividends on the stock of the the bone of contention.
Through trains from Montreal to Boston
Washington branch of the road, and a resolution was adopted will be run through the lines established. The Southeastern
to day that so soon as all the arrangements required to be perfect¬
debt will be reduced over one-half.”
ed to give the act of the Assembly aforesaid full effect according
to its tenor, there shall be declared five semi-annual dividends of
Detroit & Milwaukee.—The committee of American bond¬
5 per cent on the stock of the Washington branch.
holders called for a meeting to be held at Detroit, April 6, to
It was also resolved that a dividend of 4 per cent be declared decide what action to take as to the proposition made by Mr.
on the capital stock of the main line for the half-year ended
Newberry, of the Gre t Western Railway Company. By that plan,
March 31,‘1878, payable in the stock of the company, on and after the road is to be foreclosed speedily, bought in, reorganized, and
the 15th of May next.
an isiue of an equipment mortgage for $2,000,000 at 6 per cent is
In connection with the recommendation of the Finance Com¬ to be made, as also a consolidated mortgage of $3,200,000 at 5 per
mittee to declare the dividend in stock, Mr. Garrett remarked that cent for five years and 6 per cent afterward, principal and interest
although daring the present administration, which had conti nued guaranteed by the Great Western of Canada. Holders of first,
for twenty years, the dividends had been uniformly in cash—even secured or funded coupon bonds are to receive 70 per cent of the
daring the great war—at six, eight, nine and ten per cent per face of their bonds in the new consolidated.
year, yet the form proposed by the Committee was not at all
Erie Railway.—Mr. Jewett has filed his report as receiver of
novel in the history of the Baltimore and Ohio Company.
At the Erie Railway Company for the month of January. Deducting
varions periods prior to 1858 when the company needed money,, the receiver's certificates and money borrowed and repaid, the
rather than press sales of its bondB and securities, it adopted the
receipts were $1,986,671, and the expenditures $1,809,194. The
conservative plan of using a portion of its earnings by borrowing loan account is increased $9,000. The receiver's certificates are
the sum from its stockholders, and issuing therefor its stock. A reduced $203,965, and only $1,278,062 were left outstanding. The
large amount of the cost of the road between Cumberland and tbe cash balance is reduced from $466,618 to $449,129, showing an
Ohio River was supplied under this system. In order to aid the
apparent reduction of debt for the month of $177,476. Among
Pittsburg and Connellsville, the Marietta and Cincinnati, the the disbursements are $22,950 for the purchase of securities,
Virginia Midland, and to construct the Chicago, the Baltimore $30,770 for interest, $14,707 for coal lauds and $36,000 for
Short Line, and the Cincinnati and Baltimore Roads and other locomotives.
enterprises associated with its interests and development, the
On his own application Mr. Jewett was lately authorized by
Baltimore and Ohio Company created a floating debt, which it is Jndge Donohue, in Supreme Court, Chambers, to purchase
the policy of the company to liquidate rapidly. The company
$226,500 of the bonds of the Paterson & Newark Railroad
owns large amounts of the stocks and securities of its connecting
Company.
Mr. Jewett had previously been authorized by
lines, some of which it will be desirable to hold for the purpose Chancellor Runyon, of New Jersey, to make the purchase. The
of maintaining interest and influence in regard to
the policies and bonds are the remainder of those issued under a $500,000 mort¬
co-operative relations of those companies. But large amounts of gage and not already held by the Erie Company, which guaranteed
the bonds of these companies now held can properly be sold
their payment.
when sufficiently advantageous rates can be obtained for them.
Franklin County (Mo.) Bonds.—The Fourth National Bank
The committee has recommended that a portion of the earnings
realized within the last six months, viz: 4 per cent, being $525,- obtained judgment in the U. S. Circuit Court against Franklin
768, be used for tbe payment of the floating debt, and that stock county, and execution was issued, but no property was found to
on in satisfaction. The county having made no provision
be issued therefor. This dividend will be
payable in the com¬ levy
for
the
payment of the bonds or interest, plaintiff prayed a writ
mon stock of tbe
were
the stockholders to vote upon
•
company.
Boston
Bank Dividends.—The. dividends of the Boston
banks tbe past six months are tbe poorest ever recorded.
levy a tax
of alternative mandamug, to compel the county court to
for that purpose.
a motion to quash
and Judge Treat has denied
saying in his opinion:
Delenaah^'made
the writ,
“There
having been no revenue (^s©d according to the allegations in the
petition, ip,rthp needed purpose, it is the duty of this court to
compel a resort to the,mrost effective mode of securing payment
for the judgment creditor.”-
The changes from October last are as follows :
The
Blaekstone decreases from 24 to 2 per cent. Blue Hill 3
to 24, Boston National 3 to 2, Banker Hill 5 to 4|, City 3 to
24, Eagle 24 to 2, Fanenil Hall 8 to 8, First National 6 to 5,
Hamilton 8 to 2, Howard 3 to 2, Mechanics* 4 to 3, Merchants' 34
New York Mutual Gas Light Company.—This company**
to 3, Monument 5 to 4, North America 24 to 2, Rockland 4 to 84, stock was recently placed on the free list of the New York Stock
Second National 4 to 34, Shawmnt 8 to 24, Shoe and Leather 3 to Exchange* >The statement submitted had the following:
»4# Suffblk 3 to 2 and Tremont 24 to 2 per cent. The Eliot
Capital stock, 50,000 shares, $100 each, $5,000,000; 7 per cent
..
368
THE CHRONICLE.
| VOL.
XXVI;)
The following is the text of the important portions of the
gold bonds due Aug. 1, 1883, $1,000,000; bond and mortgage, Pacific Railroad Sinking Fund Bill as reported by Mr. Thurman $200,000; bills payable, $220,000. Assets; Cash on hand, $76,130; from the Senate Judiciary Committee on the 4th of March, ult:
coal, naphtha,* coke, &c., $63,002; outstanding gas accounts,
Be it enacted, etc., That the net earnings mentioned* in the Act of 1862 of
$127,900; total, $267,033. The company has paid quarterly divi¬ said Pacific Railroad Companies, respectively, shall be ascertained by deduct¬
dends of 2$ per cent since Jan. 1, 1875.
ing from the gross amount of their earnings, respectively, the necessary
expenses actually paid within the year in operating the same and beeping the
New York State Canal Tolls.—The rates of toll that are to same in a state of repair, and also the stun paid by them, respectively, within
go into effect on the opening of navigation of the Erie, Cham¬ the year in discharge of interest on their first mortgage bonds, whose lien has
priority over the lien of the United States, and excluding from consideration
plain, Osw go, Cayuga and Seneca canals have been received at all
sums owing or paid by said companies, respectively, For interest upon any
the*Produce Exchange. In the charges on freight moviog towards other portion of their indebtedness; and the foregoing provision shall be
tide-water there are no very material changes; one-half the same deemed and taken as an amendment of said Act of 18<>4. as well as of said Act
rates being maintained on everything except ioreign salt when of 1662. This section shall take effect on the 30th day of June next, and be
to all computations of net earnings thereafter; but it shall not affect
moving .from tide-water, which is the same as last year. Some applicable
any right of the United States, or either Of said railroad companies existing
few additions a> d modifications have been made to the free list, pi ior thereto.
\
Sec. 2. That the whole amount of compensation which may from time to
of which the following is a complete schedule: Leached ashes,
time he due to said several railroad companies, respectively, for services Ten¬
bacon, salted bacon, boats, live cattle, clover-seed, coffee, corn dered for the Government, shall be retained by the United States, one-half
meal, cotton, domestic distilled spirits, domestic cottons, domestic thereof to be presently applied to the liquidation of the interest naid and to
woolens, dried fruit, furs and skins of animals producing furs, be paid by the United States upon the bonds so issued by it, as aforesaid, to
each of said corporations severally, add the other half thereof to be turned grass-seed, hemp, live hogs, hops, lard, lard oil, bar and pig lead, into the sinking fund hereinafter provided for the uses herein mentioned.
leather, salted pork, live sheep, tallow, unmanufactured tobacco,
SEC. 8. That there shall be established in the Treasury of the United Stated
a sinking fund, which shall be invested by the Secretary of the Treasury 1*' wool.
bonds or the United States, and the semi-annual income thereof^hall be in
Ohio & Mississippi.—In the United States Circuit Court, Mr. like manner, from time to time, invested as ihe same thall accumulate and be
John King, Jr., receiver of the Ohio & Mississippi Railroad, has dispo' ed of as hereinafter mentioned. And in making such investments; the1 •
Secretary shall prefer the 5 per cent bonds of the United States, uriJesd,
filed his report for the month cf March, as follows;
for good reasons appearing to him, and which he shall report to Congress, he
RECEIPTS.
shall, at any time, deem it advisable to invest in other bonds of the United
Cash on hand March 1
$20,658 States.
Sac. 4. That there shall be carried to the credit of the said fund on the 1st
From station agents
560,218
From conductors
1,993 day of February in each year the one-half of the compenhation for services
From individuals, railroad companies, etc
26,320 hereinbefore named, rendered fer ihe Government by said Central Pacific1
From express companies
.
709 Railroad Company, net applied in the liquidation of interest; and in addition
thereto the said company shall on said aay in each year pay into the Treasury,
$312,900 to the credit of said sinking fund, the sum of $1,200,000, or so much thereof
Total
as shall be necessary to make the 5 per cent of the net earnings of its said road
■DISBURSEMENTS.
ayable to the United States, under said Actof 1862, and the whole sum earned
Vouchers prior to November 18, 1876
$33,600 y it as compensation tor services rendered to the United States, together
Arrearages prior to November 18, lt(76
20 with the sum by this section required to be paid, an amount equal, in the
Vouchers eu sequent to November 17, 1876
157,229 aggregate, to 25 per cent of the whole net earnings of said railroad company,
Pay-rolls subsequent to November 17, 1876
100,-'38 ascertained and defined as hereinbefore provided, for the year ending on the
Cash on hand April 1
‘
22,010 31 st day of December next preceding. That there shall be carried to the
credit of the said fund, on the 1st day of February in eac i year, the one-half
Total
$312,900 of the compensation for services, hereinbefore named, rendered for the Gov¬
ernment by said Union Pacific Railroad Company, not applied in the liquida¬
Oregon & California—Oregon Central.-A despatch from tion of interest, and in addition thereto the said company aha 1, on said day
San Francisco, Cal., April 8, states: A Portland despatch says : in each year, pay into the Treasury, to the credit of taid sinking fund, the sum
It is asserted on good authority that arrangements have been of $850,000, or as much thereof as shall be necessary to make the 5 per cent
of the net earnings of its said road payable to the United States under said
perfected by which English and German bondholders, who hav * Act of 1862, and the whole sum earned by it, as compensation for services
for some time jointly owned the Oregon & California Railroad, rendered for the United States, together with the sum by this section required
the Oregon Central Railroad and the Oregon Steamship Company, to be paid, amounting in the aggregate to 25 per cent of the who e net earn¬
divide their property. The English bondholders take the Oregon ings oi said railroad company, ascertained and defined, as hereiubefore
pruvided, for the year ending on the 31st day of December next preceding.
Central Railrdad, which they have controlled for some time, and
Sec. 5. That whenever it shall be made satisfactory to appear to the Secre¬
the Oregon Steamship Company, and the German capitalists take tary of the Treasury, by either of said companies, that 25 per cent of its net
earnings, as hereinbefore defined, for any current year are or were insufficient
the Oregon & California Railroad.”
to pay interest for such year upon the obligations of such company, in respect
Pettis County Mo.—A basis of compromise offered by some of which obligations there may exist a lieu paramount to that of the United
States, and that such interest has been paid out of such net earnings, said v
of the bondholders of this county is reported as fellows: The Secretary is hereby authorized, and it is made his duty, to remit, for such "
creditors are to surrender their old bonds at the rate of 66 2-3 current year, so much of the 25 per cent of net earnings required to be paid
into the sinking fund as aforesaid as may haye been thus applied and nsed
cents on the dollar of principal and coupons due on or before the
in the payment of interest as aforesaid.
first day of May, 1878, and accept therefor new six per cent fiveSec. 6. That no dividend shall be voted, made or paid for, or to, any stock¬
thirty bonds, dated May 1, 1878, and the county contracts to holder or stockholders In either of said companies, respectively, at any time
said company shall be in default in respect of payment, either of the
provide a sinking fund after five years, by the levy of an annual when
sums required as aforesaid to be paid into said sinking fund or in rei-pect ofof
not
than
one-tenth
of
one
tax
less
per cent on all the taxable the
payment of said 5 per cent of the net earnings, or in respect of interest
property of Pettis county, to be applied to the redemption of upon any debt, the lien of which, or of the debt on which it may accrue, is
the new bond.
paramount to that of the United States; and any officer or person who shall
vote, declare, make or pay, and any stockholder ®f any of said companies ':
Pittsburg City Bebt.—The City of Pittsburg being in default who shall receive any such dividends contrary to the provisions of this Act
shall be liable to the United States for the account thereof, which, when •
on its Penn Avenue bonds, suit has been pending there on an
shall be paid into said sinking fund; and every such officer, persoil
application for mandamus, brought by. Mr. Henry Whelen, of recovered,
or stockholder who shall knowingly vote, declare, make or pay any such divi¬
Philadelphia, to compel the city to raise the necessary money to dend contrary to the provisions of this Act shall be deemed guilty of a misde- *
meet the payment.
A majority of the court failing to agree, the meanor, and, on conviction thereof, shall be punished by a find not exceeding •
*10 ,000, and by imprisonment not exceeding one year.
Writ was refused and the case will be appealed.
Sec. 7. That the said sinking fund so established and accumulated shall at *
Pacific Railroads.—The bill of Mr. Thurman of the Judiciary the maturity of said bonds so respectively issued by the United Slates br
Committee passed the U. S. Senate April 9, by a vote of 40 to 19, applied io the paymeut and satisfaction thereof, according to the interest and
proportion of each of said companies in said fund, and of all interest paid by
and its passage in the House is considered reasonably certain. the United JStates thereon and not reimbursed, subject to the provisions of
■ '1
Of this bill the N. T. Tribune, which is generally regarded as the next section.
Sec. 8. That the sinking.fund so established and accumulated skill, accord: ;
representing the Union Pacific Railroad's interests, says: “The ing to the interest at d proportion of said companies respectively therein, be ,
Thurman bill is not considered by the representatives of the rail¬ held for the piotection, security and benefit of the lawfni and just holders ofroad companies, who have been in Washington for several weeks, any mortgage or lien debts of such companies respectively, lawfully para¬
mount to the rights of the United States, and for the claims of other creditors.! f
watching the proceedings in the Senate, as, on the whole, very if any, lawfully
chargeable upon the funds so required to be paid into said ' ,
objectionable; and there is little doubt that they prefer that it sinking laud, according to their respective lawful priorities, as well as for the
should become a law rather than that the question of the pecuni¬ United States, according to the principle-* of equity, to the end that all personsary obligations of the companies to the Government should having any claim upon sdid sinking fund may be entitled thereto, in due
order; but the provisions of this section sti&ll not operate or be held to impair
remain io its present unsettled condition. The Government has any existing legal rights, except in the manner in this act provided, of any
withheld from the companies since 1873 the whole amount earn¬ mortgage, lien or other creditor of any of said companies, rest ectively, nor
ed by them by transportation for the Government, and has kept to excuse any of said companies, respectively, from the duty of discharging:,
out of other funds its debts to any creditor except the United States.
it in the Treasury without interest. The passage of the Thurman
The remaining sections of the bill declare that all sums due •
bill would release one-half of this, as it was unanimously agreed
in the Senate that the power of the Government to alter or amend the United States from the companies shall be a lien upon their
the charters of the roads applies only to the future, and that no property and income; but, in order to prevent misconstraction in law can be passed changing the enacted obligations.
Nor have regard to the companys' lands, the 9fch section was so amended
the companies objected to the Thurman bill on account of the to declare that it shall not be construed to prevent the companies ;•
large payments it requires. It provides that the Union Pacific from disposing of any of their property or assets, in the proper
shall pay into the Treasury of the United States $850,000 a year, and lawful course of their current business, in good faith and for
valuable consideration. The Attorney-General is to enforce theor so much thereof as with the amount due from the Government
for transportation, etc., shall be equal to 25 per cent of the net rights of the United States, and„ failure to comply with the"
earnings of the united roads. If the amount due for Government requirement of the law for six months shall operate as a forfeit¬
ifinsportation should itself equal one-fourth of the net earnings ure of the grants and privileges of the companies.
then the Union Pacific Company would haVe no cash payment to
St. Louis & Iron Mountain.—The trial of the suit of the
sdake. In point of fact, if this bflJL had been a law last year, the Union Trust Company ot New York against this railroad was
Union Pacific Company would havd had to pay into the Treasury concluded in-St. Louis, and the case submitted to the court, with
only" about $150,000 in cash. One-fodfth of the net earnings, the agreement that the defendant's cdunsel should fiie their briefr
trbuld have b#en about $1,375,000, and the amount due to the
by the 10th of May, and the plaintiff's counsel their briefjinj
company for transportation for the Government was about rebuttal by the first of June.
$1 ,230,000, leaving a balance to be paid in cash of only about
Wilmington Columbia & Augusta.—The firrt mortgage bond¬
$145,000. Some of theT features of the bill to which the repre¬
sentatives of the companies were opposed were explained by holders held a meeting in Baltimore; April 8; and appointed a *
Senator Thurman; in his speech, in such a way as to remove committee of three to secure an expert to eiamine! the* books of
the company and report to another meeting at an early day.
many of the most serious objections to them. ”
“
'
'
-
.•r*KW
,ArsiL 13, 1878.]
OOTTON.
^lue Commercial Jinxes.
The Movement
COMMERCIAL EPITOME.
Friday, P. M., April 13, 1878. Crop, as indicated by our telegrams
of the
from the South to-night, is given below.
Friday Night,
April 12, 1878.
There is scarcely a Dew fact to be noted in relation to the
Otate of trade. Complaints of "dull times” are heard on tii
sides. Unremunerative prices are spoken of as a discouragement
to business. “ It is so difficult to get a new dollar for an old one,”
js a remark that is often repeated. It does not seem to be felt
that there is now any great obstacle to the revival of trade, except
itbe general want of confidence which prevails. Low prices do not
bring forward buyers, asd failures and defalcations continue to
be disagreeably numerous. The public inquire, " where is all
this to end?” and in the mean time risk as little as possible.
For the week ending
this evening (April 12), the total receipts have reached 51,391
bales, against 59,886 bales last week, 65,470 bales the previous
week, and 75,723 bales three weeks since, making the total re¬
ceipts since the 1st of September, 1877, 4,004,735 bales, against
3,778,419 bales for the same period of 1876-7, showing an increase
since Sept. 1, 1877, of 226,316 bales.
The details of the receipts
for this week (as per telegraph) and fox the corresponding yre©i|
of five previous years are as follows ;
Receipts this week at—
Pork has declined and closed unsettled ;
500 bbls. mess sold to¬
day at $9 85 for June delivery, but held at $10 at the close, and
1878.
1817.
1875.
1876.
1874.
1833.
*
—
New Orleans
July $10 15. Lard is also lower, but closes active at $7 27$ for Mobile
prime Western, spot and May, and $7 32$ for June, with July Charleston
nominal at about $7 40. Bacon more active, the sales to-day Port Royal, Ac.
including Western long clear at $5 30, and long and short Savannah, Ac
clear together at $5 60 for arrival.
Cat meats have been Galveston
more active, including pickled rib bellies, medium and light
(ndianola, Ac.
weights, at 6@6£c., and dry salted shoulders at 4@4$c. Beef and Tennessee, Ac
beef bams are quiet. Tallow has ruled steady at 7f®7$c. Butter Florida
••••
14,222
7,918
16,592
8,670
1,372
1,359
2,461
»•••«•••••
••••
2,960
863
..
>
5,143
•
•
•
•
•
•
8,873
*8,981
2,338
2,392
’
4,421
4,443
3,870
4,015
W
<9jvg8
|
291
•
2,341
vj
4,534
3,8)5
4,633
f 4,467
18
15
324
198
846
9,446
2,603
5,248
5,563
9,809
5i
22
73
11
112
1,104
390
1,955
957
581
503
6,280
4,923
’430
313
5,685
956
'
..........
at some decline, closes with freer sales.
Cheese steady and in
demand, the sales including new full cream at 12$@13c.
The Cincinnati Price Current’* twenty-ninth annual report of
•
2,853
3,573
1,706
8,420
10,269
1,429
3,878
l L»
North Carolina
Norfolk
9,224
2,099
6,137
City Point, Ac
1,265
126
231
5,137
88
perk packing in the West is published. The total number
Total this week
41,620
37,769
21,183
packed last winter was 6,505,000 hogs; average net weight, 226
51,391
55,830
40,615
'4-100 lbs.; yield of lard, 38 GI-10C lbs.; cost per 100 lbs. net, $4 99.
Total since Sept. 1.... 4,004,735 3,778,419 3,855,106 3,274,656 3,512,570 3463,638
Compared with last year there is a gain of 1,404,000 in the num¬
ber of hogs packed, 10 12-100 iu the average net weight and
The exports for the week ending this evening reach a total of
4 53-100 in the average yield of lard, and a decrease of 19c. in the
67,664 bales, of which 48,202 were to Great Britain, 4,784 to
average cost per 100 lbs. net.
The total production of pork was France, and 14,678 to rest of the Continent, while the stocks as
723.368 barrels, being an increase of 86,101 barrels. The number made
up this evening are now 533,234 bales.
Below are thp
packed for the twelve months ending March 1, was 9,048,566 hogs. stocks and exports for the week, and also for the corresponding
The winter product of lard wag 761,192 tierces, of which it is week of last season:
estimated that the visible supply in the West and the seaboard,
Stock.
Exported to
including interior points, is 250,000 tierces, or 33 per cent of the
Same
Total
the
Week
ending
April 12.
total.
The winter product of
cured meats was 980,000,000 pounds, of
which there was at large cities in the interior and at the seaboard
in the middle of March 388,000,000 pounds, or 40 per cent.
New Orleans
The market for domestic tobacco has been much more active.
Of Kentucky, the sales for the week are 1,4Q0 hhds., of which
24,517
Mobile...
1,200 for export and 200 for home consumption. Prices are rather
'-better for the high grades ; lugs quoted at 2$@l4$c., and leaf at
5@12e. The movement in seed leaf has also been large, the sales
aggregating 2,435 cases, as follows: 1,360 cases, crop 1877, New
England, 6@llc. and private terms; 425 do, crop 1876, JN. Eng¬
land, 10@22c.; 500 do 1875, N. England, 21@25c.; 50 do., 1876,
Pennsylvania, ll@18c., and 100 do. sundries, 5@18c. Spanish
tobacco has been rather quiet, and the sales are only 450 bales
Havana at 85c. @$1 65.
The business in Brazil grades of coffee has been
ate and even limited at times, and yet a fairly
Stack April 1, 1878
Receipts since April 1, 1878
Rales since April 1, 1878..
Stack April 10 1876
Stock April 11, 1877.
..
*
..
Boxes.
16,330
13,173
13,468
16,035
3S,412
9,257
2,034
1,312
9,979
7,389
28,057
1.636
3,266
Norfolk.
8,268
7,017
Other ports*
3.468
1877.
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•••
2,554
4,892
2,115
4,605
31,855
512
8,780
7,8/1
7,047
....
3,468
....
4,734
48,202
4,892
3,751
67,664
14,678
1877
23,232 221,533 207,779
8,047 23,070 36,919
4,854 16,313 21,894
10,585 23,838 16,185
1,919 32,044 44,504
12,414 157,109 260,144
19,327 11,437
2,162 40,000 35,000
•
-
1878.
•
•
•
-
63,213 533,234 633.892
of “otner ports” Include, from Balti¬
1,165 bales to Liverpool; from Boston, 150 hal^sto Liverpool; from Phila¬
delphia, 1,052 bales to Liverpool; from Portland, 1,100 bales t > Liverpool.
•
The exports this week under the head
In addition to above exports, there are the following
of cotton on shipboard, not cleared, at the ports named ;
On
At—
Liver¬
pool.
New Orleans
Mobile....
Savannah
63,500
•
Galveston....
Total.
vr
•
•
a
.
.
amounts
Shipboard, not cleared—for
France.
Other
Coast¬
Foreign.
wise.
11,000
•
•
•
•
•
15,C00
2,000
Leaving
Total.
Stock.
91,500
130,000
•
•
6,600
None.
3,300
600
3,876
None.
477
43
73,976
11,000
18,777
2,618
•••a*-
13,500
27,658
10,5(0
4,396;
100,896 -171,148
Melado.
490
381
693
88,903
25,488
1178
193,278
1,265
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increase
In the exports this week of 4,451 bales, while the stocks to-night
are 100,658 bales less than they were at this time a year ago.
The following is our usual table showing *he movement of cotton
stall the ports from Sept. 1 to April 5, the latest mail dates:
PORTS.
SIXCE SEPT.
1.
1876.
1877.
Great
Britain
France
Other
forei’n
1 TO—
Coast¬
Stock
wise
Total.
Ports.
N. Orleans. 1,291,656 1,107,333 619,238 281,930 255,805 1156,973 180,604
390,160 348.322 94,398 23,047 26,367 143,812 219,519
Mobile
but steady rates were in order.
Grain to Liverpool, by steam,
London, by steam, 9d.; flour, by sail, Is. 10$d.;
pain to Danish ports, 6a@6s. 3d.; do. from Philadelphia to
453,228 117,452
457,114 160,393
491,348 166,165
N. Carolina
449,699
558,803
413,777
112,722
13,803
134,125
Norfolk*..
459,417
Other ports
132,182
518,432 128,594
121,994 147,574
Tot. this yr.
3,953,314
Charlesl’n*
Naples, 6s. lQ$d@7s.; refined petroleum hence to Exmonth, 3s.
7$d.j do. to Gibraltar for orders, 4s. 9d.; and cases, 24c. gold.
^Whiskey is firmer at $1 07$@$1 08. Grass seeds are quiet and
Savannah..
Galveston*.
New York..
nominal.
In naval stores few interesting features
have transpired; spirits
turpentine closes dull and unchanged at 31c., though at onetime
£ good consumptive demand was reported at this price. Rosins are
quoted slightly lower, at $1 57$@$1 62$ for common to good
jrtraiped. Petroleum has continued dull, and nominally weak, in
sympathy with the daily deplines noted at the Creek; crude, in
bulk, quoted at the close at 6$c., and refined, in bbls., at U$c. for
prompt deliveries. American pig iron has continued qniet, bat
firm, owing to the advanced prices for coal; No. 1 quoted at $18@
V,$19. Rails have been quiet since the sale of 7*000 tons ii$n,
deliverable at Mil waukee, at $35. Ingot copper has latterly been
quiet, but steady, at 17c. for Lake.
EXPORTED SINCE 8XPT.
RECEIPTS
?revisions,
grain, bysail,6fd.
perquite
60 lbs.;
cotton,
5-64@$d.; 30@35s.
oilcake,per
20s.ton;To-day,
business was
moderate,
Florida.....
"
week
week.
more,
times, have been irregular and somewhat lower than those ot last
week, charter room especially. Late engagements and charters
include- Grain to Liverpool, by steam, 8d.; cotton, 15-64@$d.;
to
this
nent.
Total since Sept. 1 1,768,503 447,842 608,945 2,825,290 2,560,309
Ocean freight room, both on the berth and for charter, has, in
the aggregate, met with a fair movement, though the rates, at
8@8$d.; do'
Charleston.
Total this week..
rather moder¬
Bags.
36,334
•
Savannah, Ac....
New York
Conti¬
4,784
•• >
•
Galveston
steady tone to
prices is retained ; fair to prime cargoes Rio being still quoted at
15|@l7c., gold. Stock hero in first hands on the 10th inst.,
82,450 bags; mild grades also have been quiet, but still quoted
with steadiness.
Rice continues to move in the regular jobbing
way at 5$<®6|c., currency, for domestic; Rangoon has latterly
sold at 3$c., gold, in bond. Foreign molasses is more firmly
quoted, owing to the comparatively moderate supplies and fair
demands ; 50-test Cuba refining is quoted at 36c. New Orleans
aell8 fairly at a range from 20@50c., the latter price being for
fancy lots. Refined sugars have latterly been quiet and barely
Steady, with standard crushed quoted at 10c. Raw grades also
,»ie a trifle lower, with only moderate sales; fair to good refining
Cuba quoted at 7f@7$c.
Hhds.
France
Britain.
'
’
t
Great
Tot. last
vr.
117,670 253,334
20,210
121,535
*
•
•
•
•, • v •
66,816 103,369 284,637 115,531
36,351 129,300 326,044 211,144
25,971 11,291 204,427 189,971 81,152
159,285
*,*.
5,083 33,512 891,931
13,803
2J93
1,780 19,890 54,823 76,975
1,075 2,929 132,598 302,719 26,008
87,003
14,804 162,878
*
•
83,153
99,225
18.514
29*880
•
•
....
*
....
•
....
•
•
•
1730,301 443,058 594,267 2757,626 1310,266 584,759
3,757,236 1758.431 388,395 349,720 24*7,096 1191,193 689471
•Under the head of Charleston la included Port Royal,
TOder tR©
o*
QafoirtonIs Included lndlanoia,Ac.; under the head of Norfolk is Included; tjwj
v
* V
The?e mail returns do not correspond precisely with the
of the telegraphic figures, because in preparing them
necessary to inedepb^ate every correction made at
ports..
Point Ac.
•
•
the
total
it is always
0
0
1
.
1
0
0
2
.
4
001.45.40 . * 1
2
.
7
0
.
0
0
6
.
2
4
0052.1
CHRONICLE.
THE
370
rvoL. xxvi.
00059.4.1
and on
firm for cotton on the spot,
The market has been
bales.
cts.
1,800
10*78
15*79
Monday last quotations were advanced l-16c., to lOfc. for mid¬
dling uplands, but business has been on & very moderate scale.
The New England cotton mills have encountered troubles with
employes, and a serious defalcation at Fall River'has
occurred, both tending to limit the purchases of home spinners;
and shippers have encountered a decline in gold and in the gold
rate of exchange, which, added to the firmer views of holders,
has proved'a serious obstacle to business. To-day, the market
was firm, and lines of even grades could not be readily had at
quotations. For future delivery, the most conspicuous feature
of the market has been its irregularity as between this and the
next crop.
At the close last evening, April and May were three
points above the previous Friday, the Bummer months one to five
points below, and the autumn months 11 to 15 point3 below. The
market opened buoyant on Saturday, but it soon became appar-
5,100...;
10-90
9,600
10-94
10*95
3,900
10-94
10-95
9.209
10-96
18,300
10-97
10.200
4,800
18,700
6,000
10*98
10-99
11-00
11-01
11*02
'9,000
14,000
in
Sat. Mon. Sat. Mon. Sat. Mon. Sat. Mon.
Apr. 6. Apr. 8. Apr. 6. Apr. 8. Apr. 6. Apr. 8. Apr. 6. Apr. 8.
7 18-16
Ordinary
P lb. I*
I*
8 9-16
8*
Strict Ordinary
8 15-16
8
15-16
Good Ordinary
9 7-16
Strict Good Ord’ry. 9 7-16
9*
Low Middling
10 5-16 10*
Strict Low Mlddl’g
10
9-16
10
9-16
10*
Middling
10 15-16
!0 15-16 11
Good Middling
11 5-16 11*
Strict Good Middl’g
11 13-16 11*
Middling Fair
12 5-16 12*
12*
Fair
9^5-16
a
HK
7 13-16
8 9-16
k
9 1-16
9 9-16
10
i6
10 7-1G
10*
7 15-16
8 11-16
„
9 1-16
9 9-16
10
9*
10*f-16
.
10 5-16
7*
8*
7 15-16
6 11-16
7*
8*
10*
9*
9*
1-16
10 7-16
10
1U 11-16 10*
10 11-16 10*
11 1-16
11 1-16 11 *
11 ,-16 11*
5-16
11 15-16
15-16
11
11 13-16
11*
12 7-16
12 7-16 12*
12 5-16 12*
IS*
11
lit,.
3$
Toes Wed. Tue« Wed. Tuet Wed. Tuev Wed.
Apr. 9. Apr.10. Apr. 9. Apr.10. Apr. 9. Apr.10. Apr. 9. Apr.10.
Ordinary
V lb.
Strict Ordinary
Stood Ordinary
Strict Good Ord’ry.
Middling
Strict Low Middl’g
Middling
Good Middling
Strict Good Mfddl’g
Middling Fair
Fair
7 18-16
8 9-16
9
9*
9 15-16
k.
f) a.
Ordinary
Stood Ordinary
Strict Good Ord’ry.
Strict
9*15-16
10 5-16
10 5-16
10 5-16
10*
10*
10*
11
11
7 18-16
8 9-16
k... k«
9*
7 15-16 7 15-16
8 11-16
8 11-16
9*
9*
9*
9*
»*
9*
10*
9*
10 1-16
10 7-18
it,6
10
10 1-16
10 7-16
10*
10*
10*
7-16
Th.
11*$-15 11^-16 lit,. 11^-16
Frl.
Frl. Th.
Frl.
Apr.12. Apr.ll. Apr.12. Apr.ll. Apr.12.
7 15-16
8 11-16
7 13-16
8 9-16
9
7 18-16
8 9-16
8*
9*15-16 it.,
10 5-16
10*
m
9*
9*9*
9*
Low Middling
Strict Low Middl’g 10 5-lG
7 15-16
8 11-16
7 15-16
8 11-16
9*
10 7-16
10 1-16
10 7-16
10 1-16
10 7-16
10*
10*
10*
11*
10*
7 15-16
9 11-16
Market-
l*
9*
Middling
7 13-16
7 18-16
8 9-16
9 1-16
9 11-16
I*
8 9-16
9 1-16
9 l*.-'6
7 18-16
8 9-16
7 13-16
8 9-16
7 13-16
8 9-16
9 1-16
9 W«
9 11-16
9 1-16
9 11-16
9 11-16
MARKET AND SALES.
FUTITB1SS.
8A.LHS or SPOT AXD TBA.H8IT.
Spot Market
Con-
Ex¬
Closed.
port.
3 0
tOJ
Saturday.. Unchanged
Monday... Irregular, nom’l.
Tuesday
Quiet
Wednesday Quiet
Thursday.. Quiet
Quler, steady
Friday
..
207
1,000
339
319
854
300
522
2,020
2.041
...
*
100
100
Total
Spec¬ Tran¬ Total.
sit.
Sales.
sump. ulate
40
10
7
49
200
« •
• •
• ••
•
•
..
ct».
600
1( *66
100 i.n. 8 h..;0-o9
L200i.n. 8th..10-70
SOOa.D. 9th..lC'T0
200. n > notice od ay or tr-> n orrow
(8th A 9 h)... 10*71
1W i.n
100 a.n.
1r«*l
8th..10-d
800 i.n. 9th..10-71
s.n. 10th.10*71
10)s.n. 12th. 10-'. 1
100
10-71
16-2
6<os.n.
ioo s.n. 8th..U.-72
200s. n. 13th. 10* ri
20
April,
bale*.
SOP
lfOs.n. 12th.l0*74
10*71
500...
10) s.n. 10th 10*75
100 ».n. 12ih.l075
400
.
200
.*.....11-15
For
800
S00
100
U-i-8
2,700
8.100
6,200
11-09
11-10
3,300
11-11
Higher.
10-64
10-77
10*83
10-97
11-00
10*33
10-74
10-89
11-00
11-C9
July
11-14
August
10-95
September.
10-75
October
10*66
November
10-67
Dec-mbjr
10*75
January
10-80
Transf. orders..
Firm.
Closed—
Weak.
100X
4-84*
100X
4*84*
The
k...... ..10 85
200,....
10-81
100 s.n.l0th..10*62
100 s.n. ISth. 10-82
3.803 total April.
.
For May.
1W
...10-77
600
10-ilf
l,4uu total Dec.
For January.
.....10-60
100
20J
200
200
10*73
...10-74
200
10-65
1U-6S.
500
IOO
10*72
800.
10*5*
100
10-61
10-70*
10*72
700 total Jan.
future
M. on.
CLASaiFIOATTOH.
Frl.
Thurs.
Wed.
Tues.
11-11
10-91
10-71
10-61
10-62
10-70
10 80
10 91
n-oo
11*09
11-12
10-91
10-71
10-60
10-6J
10-70
Steady.
10-S5
Dull.
10C*
4-84X
10J*
4*84*
10-80
lu* 17
10-91
10-99
10-75
10-83
10-97
11-04
11-07
10-87
10*66
10-56
1057
10-66
l't-80
-
10*83
10*94
11-04
11-11
11-16
10-83
10-57
10-56
10-57
10-64
10-85
-
11-06
11*09
10-84
10-64
10*51
10-52
10-59
10 80
Steady.
1«#« 4 84
Steady.
100*
Quiet.
llO*
4-84
4*84
following exchange has been made during
the week:
pd. to exch. 100 May for July.
•15
The Visible Supply op Cotton, as made up by cable and
telegraph, is as follows. The continental stocks are the figures
of last Saturday, hut the totals for Great Britain and the afloat
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 12), we add the item of
exports from the United States, including in it the exports of
1875.
1876.
1877.
1878.
Friday only:
10,030
1,124,000
36.750
926,000
55.750
744,000
Stock at Liverpool
Stock at London
874,000
102.500-
754.000
1,160.750
981,750
976.500-
227,250
197,500
177,000
126,250
Stock at Marseilles
6,250
3.500
5,250
Stock at Barcelona
68,000
Stock at Hamburg
34,000
7,003
86,000
18.750
Stock at Bremen
39.500
Stock at Amsterdam
43.500
66.250
70.750
12,000
11,000
7,230
9,000
8.500
47,000
16,500
13,000
7,500
71,000
11,000
32,250
47,50011,000
5;250
15.250
17.750
11,000
385,750
455,250
427,500
332,750
.1,139,750
1,616,000
249,000
845,000
45,000
633,893
80,966
4,000
1,409,250
1,299,250
183,000
630,000
43,000
403,000
580,459
537,491
75,805
2,973,858
2,933,459
Total Great Britain stock
Stock at Rotterdam
Stock at Antwerp.
Stock at other continental ports..
Total continental ports
Total European
stocks
.
192,000
American cotton afloat for Europe 628,000
Egypt, Brazil, Ac.,afloat for E’rope 43,000
583,234
Stock In United States ports
Stock in U. S. interior ports
63,558
United States exports to-day
6,000
India cotton afloat for Europe....
Total visible supply..
..baies.2,605,542
Of the above, the totals of American and
American—
Liverpool stock
Continental stocks
American afloat to Europe
United States stock
United States Interior stocks....
United States exports to-day
Total American
564,000
.
.
.
.
.
.
London stock
.
Total East India, Ac.
Total American
6,000
14.500
46,250
471,000
69,00®
77,750
10,000
8,000
2,863,546
other descriptions are as
757,000
388,000
845,000
633,892
80,966
4,000
2,208,858 '
m 000
867,000
10,000
86,750
52,750
588,000
270,000 ’
630,000
590,459
77,750
10,000
2,104,203
890,000
65,750
157,500
183,000
follows :
510,000
167,000
471,000
537,491
75,805
8,000
1,769,296
i a'fs il il
.
192,000
.
43,000
67,250
219,000
45,000
4^7,750
.2,117,792
765,000
829,250
2,208,858
2,104,209
1,769,296
2,973,858
2,933,459
2,868,546
supply... .bales. S,606,542
6d.
Mid. Uplands, Liverpool..
Total visible
Price
333.000
628,000
533.244
63 558
bales.2,117,792
Liverpool stock
.
6 l-15d.
43,000
6tfd.
1,094,250
8d.
bales; this is so large and
thought there must be some error about it7
but we give it as received, because the division of the total continental stocks
into American and other descriptions appear to confirm it.—[Ed. Chboniclh.
*
100..... .:....io-so
20<> s.n. nth.1031
"
10-53
10*53
10-62
10-65
2,700
we
1C-69
10*70
10*71
10-77
10-87
'10*98
11-07
1C-63
284,700
103 s.n
20»
lf'Onoi otlcethi*
10-68
1,400
1,400
1.100
10*55
4J0
200
Higher. Irregular. Easier. Irregular. Firmer.
Lower.
4.357
c's.
10-82
It, *88
If,*83
1031
10*84
10-67
500
Nov.
December.
100
10-54;
For
10*64
10-66
400
Mon.
Sat.
Egypt, Brazil, Ac., afloat
UIO 8J1
200
11*06
...11-07
TOO.-
6.00U total
For October.
600
10-63
1,900
10-61
10-62
10*64.
.....10-66
190
100
7.900 total Sept.
11-01
11-02
11-03
10-58'
10-60
..
500
15*96
August.
400
400
.
ball’s.
200
.
600
84,600 total July.
30,300
.
...
11-12
1,522
ba’es.
cts.
2 0. U" notice trdav (Hib)...lJ*76
100 s.n. 1 h h.11 *77
100 s.n. 15th.l(-;»
10-18
200
100 s.n. ...- .10-79
10-79
UK)
..
2,8JO
Continental stocks
India afloat for Europe
-
1
CM.
1C-95
500
400
500
900
prices:
.
10-98
East Indian, Brasil. Ac.—
For forward delivery, the sales (including
free on boa d)
have reached during the week 284,700 bales (all middling or on
the basis of middling), acd the following is a statement of the
bales.
100
1,400
55,500
59,100
35,600
48,700
• ••
....
SOS
•
11-10
ll-ll
..
800
10-91
10*92
8.400
2,000
May
Jane..,;
Deliv¬
eries.
51,400
1,700
1,000
1 400
587
819
326
503
600
....
10-86
10-87
n*ua
April
Frl.
Sat. Mon. Tues Wed. Til.
Apr. 6. Apr. 8. Apr. 9. Apr.10. Apr.ll. Apr.12
Good Ordinary
Strict Good Ordinary
Low Middling
10-55
10-57
s inn
Frl.
10 7-16
STAINED.
800
900
10-98
10-89
10-90
600
100
100
100
MTDDLIK6 UPLAUDS—AMIBIOAN
9*
10*
1,600
10-54
700...
10*84
19*85
the several dates named:
I0*f-16
11
n*
11 7-16 11 7-16
11 5-16 11 5-16 11 5-16
11 13-16 11 18-16 11 18-16 11 15-16 11 15-16 11 1M6 11 15-16
12 5-16 12 5-16 12 5-16 \l2 7-16 12 7-16 12 7-16 12 7-16
ill-., lit,.
3,700
8.800.
For November.
100
10-52
400
10-58
September.
1,000
.11*05
11-06
11-07
’.1-08
8.300
Stock at Havre*
n
11 5-16
11 13-16 11 15-16 11 15-16 11 12-18 11 15-16
12 5-16 12 7-16 12 7-16 12 7-16 12 7-16
Middling
ii*
7 15-16
8 11-16
9 15-16 10 1-16
10 5-16 10 7-16
9 15-16
10 5-16 10 5-16
Good Middling
Strict Good Middl’g 11 5-16
It 18-16
Middling Fair
12 5-16
Fair
7 15-16
8 11-16
Til.
ADr.ll.
7 13-16
8 9-16
7 13-16
8 9-16
9
to*
11
11 5-16 11 5-16 11 5-16
11
18-16
11 18-16
11 18-16
12 5-16 12 5-16 12 5-16
Frl.
Til.
Apr.ll. Apr.12.
Ordinary
7 13-16
8 9-16
7 13-15
8 9-16
11*04
..10-78
12,700 total Oct.
11-17
For
800
100
10*76.
100
11-16
800
cts.
...1C-75*
1,200
The following will show the closing prices hid for
delivery, and the tone of the market, at three o'clock P.
Exchange
TEXAS.
13. ORLEANS.
ALABAMA.
11-14
11-15
bales.
600
30,100 total Aug.
11-1-3
41-03
Golf1
UPLANDS.
For
10-91
10-92
500.
1.300
1.700
,
2,500
10-92
10-93
10-90
past week:
sales and
10-91
9,200
11*12
—11-13
U-t6
For July.
2J0
1C-93
300
10-99
200
n-oo
700
.-...1101
700
11-02
10-89
transit.
Of the above, — bales were to arrive. The following
tables show the official quotations and sales for each day of the
Low
10-87
10-83
10-89
vor June.
and at the
—
7,000
cts.
8300
1.800
108,100 total June.
74,400 total May.
The firmness of this
consumption, 306 for speculation, and
.....10-86
11*05
900
10*35
1.900
b«ies.
cts.
11-04
3,9 JO....
4.600
10-83
13*34
600
crop was due to the smaller receipts at
ports
interior towns of the South, and the rapid reduction of stocks
which now necessarily goes on. To-day, there was an advance of
806 points on stronger Liverpool accounts.
The total sales for forward delivery for the week are 284,700
bales, including — free on board. For immediate delivery the
total sales foot up this week 4,367 bales, including 2,020 for
export, 2,041 for
10-82
11,900
than lost. There was
a pretty full recovery for the early months on Monday, but the
next crop dragged, at:d on Tuesday, with this crop Blightly
dearer, the next crop was rather easier, November and Decem¬
ber being 1@2 points lower.
Wednesday gave way 3@5 points
for all deliveries, but yesterday there was renewed irregularity ;
the opening was generally weak, under the lees favorable inter¬
pretation put upon the reports with regard to the differences
between Russia and Great Britain, but at the close this crop had
advanced 2@3 points, and the next crop had declined 2@7 points,
the
10-SI
5.6J0
the advance of Friday was more
December and January giving way most.
1,000
1,410
5,300
themselves, and, under sales
ent|that the bulls had overloaded
.....10-80
500
their
to realize,
800
bales.
Our Havre stock comes
unusual
a
to us to day at 227,250
change that at first we
sight to-night
These figures indicate a decrease in the cotton in
of 368,316 bales as compared with the same date
decrease of 327,917 bales as compared with the
date of 1876, and a decrease of 258,004, bales as
with 1875.
<
of 1877, a
corresponding
compared
f
*
"v*>s.. r
<, •*
.
-•
,
ri.-5
April
THE CHRONICLE.
18, 1878. |
At tub Interior Ports the movement—that is the receipts
refreshing showers, covering a wide area, the rainfall aggre¬
gating one inch and sixty hundredths. Planting is about com-'
corresponding week of 1877—is set out in detail in the following pleted iu this vicinity, and crops of all sorts are doing about as
well as possible. The season is very early and promising, the
statement.
chief danger apprehended being a late frost. Average ther¬
Week ending April 12,1878. Week ending April 13, 1877.
mometer 72, highest 84, and lowest 65.
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
New Orleans, Louisiana.—The thermometer has averaged 68
during
the week. We have had a rainfall of forty-one hun¬
422
650
652
2,026
8,792
12,955
Augusta, Ga.......
*nd shipments for the week, and stock to-night, and for the
1,159
5,733
178
831
6,015
187
3,289
188
931
566
138
154
5,010
7,946
2,071
581
958
6,991
2,802
33,133
2,810
434
516
260
8,992
Montgomery, Ala..
Selma, Ala ........
Memphis, Tenn....
Nashville, Tenn...
400
126
629
536
2,566
Total, old ports.
7,933
13,764
68,558
Columbus, Ga • • • •• •
Macon, Ga.........
*
77
3,228
3,114
1,637
510
48,751
4,502
5,269
80,986
dredths of
an
inch.
Shreveport, Louisiana.—Cotton planting is making rapid pro¬
gress, the weather having been mostly favorable.
Com and
fruit look promising.
We had a light frost the early part of the
week, but no damage was done. Average thermometer 61, high¬
est 85 and lowest 44.
We have had a rainfall during the week
of two inches and four hundredths.
Vicksburg* Mississippi.—The thermometer has ranged from 49
86 during the week, averaging 67.
It has rained on two
917
1,040
3,296
4,997
3,237
507
610
1,535
2,873
2,745
2,765 days, the rainfall reaching two inches and forty-three hundredths.
181
201
16
145
1,142
697
Columbus, Mississippi.—There has been a rainfall during the
160
545
26
125
1,515
1,593 week of eighty-two hundredths of an inch.
11
29
553
12
120
215
Little Bock, Arkansas.—Last week it was cloudy on two days,
109
478
498
638
4,192
2,320
with
309
563
87
151
547
1,333
Rome, Ga
light rains Friday and Wednesday, the rainfall for the week
293
516
206
255
264
610
Charlotte, N.C.
reaching
forty-four hundredths of an inch. The thermometer
St. Lonis, Mo
5,278
3,216
18,887
1,455
2,517
25,605 had
averaged 55, with an extreme range of 72 and 40.
2,387
Cincinnati, O
3,285
7,597
8,862
4,364 10,420
Sunday, Monday, Tuesday and Wednesday of this week have
9,637
Total, new ports
16,390 45,075
7,510
12,755 52,897 been cloudy, with slight rains on Sunday and Monday.
The
remainder of the week has been clear and pleasant, the ther¬
Total, all
17,570
30,154 108,633
10,738
18,024 133,363 mometer
averaging 62, and ranging from 77 to 43. The rainfall
The above totals show that the old interior stocks have has been thirty hundredths of an inch.
Mashville, Tennessee.—We have had rain on three days, with a
■decreased during the week 5,831 bales, and are to-night 17,403
bales less than at the same period last year. The receipts at the rainfall of one inch and thirty-four hundredths. The thermometer
had averaged 59, the highest being 70 and the lowest 49.
same towns have been 4,705 bales more than the same week last
Memphis\ Tennessee.—We have had rain on three days of the
year.
week, the rainfall reaching one inch and eighteen hundredths,
Receipts prom the Plantations.—Referring to our remarks
but the balance of the week has been pleasant.
Plantation work
in a previous issue for an explanation of this table, we now is
proceeding vigorously, and com planting is nearly completed.
Average thermometer, 64; highest 82, and lowest 47. We had
•bring the figures down one week later, closing to-night:
a frost on
Wednesday morning, but not a killing frost.
RECEIPTS PROM PLANTATIONS.
Mobile, Alabama.—It has rained constantly one day and has
been cloudy three days the earlier part of the week, but the lat¬
Week ; Receipts at the Ports. Stock at Inter’r Ports Rec’pts from Plant’ns
ter portion has been clear and pleasant.
Planting is about com¬
ending— 1876. 1877.
1878.
1876.
1877.
1876.
1878.
1877.
1878.
pleted in this neighborhood and the crop is developing promis¬
Average thermometer, 67; highest 80, and lowest 50.
Feb.
2. 131,379 133,374
159,186 210,662 182,240 244,494 136,876 125,532 161,667 ingly.
We have had a rainfall of seventy-six hundredths of an inch.
9. 118,582 140,006
137,138 210,858 179,266 240,708 118,778 137,032 133,352
Montgomery, Alabama.—We have had delightful showers on
16 110,576 120,720
120,090 202,447 174,977 233,103 102,165 116,431 112,485
two days this week, and the indications are that they extended
23. 109,676 88,068
107,670 198,563 173,478 226,685 105,792 86,569 101,252
over a wide surface.
The rainfall aggregated sixty-eight hun¬
March 2. 88,215 68,615
94,349 195,596 173.178 210,935 83,248 68,315 78,599
199
237
•Dallas, Texas..
Jefferson, Tex
Shreveport,La... ..
Vicksburg, Miss....
Columbus, Miss...
Rufaula, Ala
-Griffin, Ga
Atlanta, Ga
784
1,733
10
1,054
1,735
207
674
♦
104
489
247
2,351
to
.
,
_
“
“
4‘
“
9.
78,380 50,742
41
16.
65,441 44,537
41
23.
62,933 32,366
4‘
30.
59,912 30,397
April 5. 55,804 26,287
“
12. 41,620 21,183
Total. 920,518 761,295
•
90,947 194,465 169,291 192,465
62,264 177,351 165,747 169,636
75,723 168,280 158,041 146,653
65,470 145,001 151,199 131,795
59,586 132,495 140,649 119,991
51,391 130,164 133,363 108,633
77,249
48,327
48,862
41,633
43,298
30,289
46,855 72,477
40,993 59,435
24,660 52,740
23,555 50,612
15,737 48,082
13,897 40,033
dredths of an inch. The weather the rest of the week has been
warm and dry, the thermometer
averaging 67, and ranging from
45 to 85.
Planting is progressing finely and is nearly finished.
Selma, Alabama.—We have had rain
on one
day of the week
i‘ust been
closed.veryPlanting
is making rapid progress, and the weather
favorable.
Las
Madison, Florida.—It has rained
on
one
rainfall
day this week, the
reaching three inches and twelve hundredths. The ther¬
mometer has averaged 68, the highest being 76 and the lowest 60.
The interior stocks January 25 were, for 1876, 2)5,165 bales: for
1877,
195,082 bales; for 1878. 242,013 bales.
Macon, Georgia.—Rain has fallen on one day this week. The
This statement shows us that although the receipts at the ports thermometer has averaged 70, the highest being 79 and the low¬
est 43.
Planting is making good progress.
the past week were 51,391 bales, the actual from
plantations
Atlanta, Georgia.—Telegram not received.
were only 40,033 bales, the balance
Columbus, Georgia.—It has rained one day this week, severely,
being drawn from stocks at
the interior ports.
Last year the receipts from the plantations the rainfall reaching seventy hundredths.of an inch. The ther¬
mometer has averaged 86.
Planting is making good progress.
for the same week were 13,897, and for 1876 they were 39,289
Savannah, Georgia.—We have had rain on two
1,044,114
••••«•«
845,517 699,576 910,734
bales.
Weather Reports
by
Telegraph.—Fine rains have fallen
very large section of the South the past week. * Texas (in
which State they had begun to complain of dry
weather) now
over a
reports the crops everywhere in splendid condition.
Elsewhere
good progress is being made in getting in the seed, and where it
is in, the development thus far has been
satisfactory.
Galveston* Texas.—It has rained hard two days of the week, the
rainfall reaching three inches and forty-five
hundredths. We
have had delightful showers
during the week throughout the
State, doing immense good. Crop accounts are more favorable
everywhere, and in the Southern portion corn is two to three feet
high, and cotton has four to six leaves. The season is very early
and promising.
Average thermometer, 69 ; highest 78, and low¬
fall reaching three inches and fifty-two
balance of the week has been pleasant.
ranged from 47 to 86, averaging 68.
Augusta, Georgia.—We have had two days of heavy rain the
first part of the week, the rainfall reaching two hundredths of
an inch, but the latter
portion has been clear and pleasant. [The
rainfall here given is undoubtedly erroneous—Ed] The
weather has been favorable and planting has made good pro¬
gress. The thermometer has ranged from 46 to 86, averaging 67.
Charleston, South Carolina.—It has rained heavily on three
days of the week, the rainfall reaching five inches and eighty-six
hundredths. The thermometer has ranged from 46 to 78, aver¬
aging 65.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
April 11. We give last yeai#s figures (April 12, 1877,) for com¬
parison:
est 54.
3
Indianola, Texas.—We
have had rain
two
days, which has
The cotton plant looks strong and healthy,
and the corn
crop is developing promisingly. The thermometer
has averaged 74, the
highest having been 90, and the lowest 58.
The rainfall has reached two inches and
eighty hundredths.
Corsicana, Texas.—There have been delightful showers here
during the week ou two days, extending over a wide surface, the
rainfall
aggregating one inch and thirty-six hundredths. The
thermometer has ranged from 44 to 89,
averaging 65. It is
thought that grain crops are now assured. Cotton planting is
about completed in this
vicinity.
Dallas, Texas.—-Rain has fallen on two days, delightful showers
apparently of wide extent, but hardly enough; another will
De needed in a
week. Wheat is very
promising. Com is grow¬
ing rapidly, and cottcfn
planting will about finish next week.
tlierinometer 65> highest 88, and lowest 45. The rainfall has been
ninety-five hundredths of an inch.
4Srennam, Texas.—It has rained on two days during the week,
been very beneficial.
on
days, the rain¬
hundredths, but the
The thermometer has
New Orleans..Below high-water mark
Above low-water mark
Memphis
Nashville
♦—April 11. ’78.-x /-April 12/77..-^
Inch.
Feet.
Feet.
Inch.
4
Above low-water mark
'
Shreveport. ...Abovelow-water mark
Vicksburg •..•Above low-water mark
15
8
10
5
30
11
1
84
15
31
9
6
1?
83
"
\
4
3
4
5
0
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10tlis of a foot above
1871, or 16 feet above low-water mark at that point.
V
Comparative Port Receipts
A
and
Daily Crop Movement.—
comparison of the port movement fy weeks is not accurate,
the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con *
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
as
■
'
i'*-
-
Mo¬
Days of
Or¬
week.
leans
Saturday
Monday.
Tuesday
....
bile.
Char¬ Savan¬
leston
nah.
ton.
folk.
ming¬
All
Total
ton., others
Bales.
340
470
911
1,883
24
1,095
5, 17
3,720
694
555
1,109
1,735
1,315
199
2,178
11,515
1,495
1,395
816
454
633
1,976
42
2,913
9,724
202
289
538
2,919
589
503
14,222
3,670
2,960
93,491
578,533
822,493
900,119
689,610
472,054
340,525
October
November
December
January
February
March
1,482
9,790
49
1,156
4,729
601
689
997
204
3,309
9,816
3,420
5,143
9,224
619
12,133
51,891
.
since September 1 has been as
beginning September 1.
Tear
September
101
1,683
Monthly
1877.
1,370
462
The movement each month
follows:
Receipts.
713
253
412
855
Total
Nor¬
689
101
Friday
ves¬
1875.
1876.
169,077
610,316
740,116
821,177
637,067
479,801
300,123
236,863
675,260
901,392
787,769
500,630
449,686
182,937,
1873.
1872.
134 376
115,255
855,323
576,103
184,744
444,003
811,668
524.975
702,168
482,633
669,430
462,552
332,703
309,307
251,433
Total, Mar. 31.. 3,901,825 3,734,592 3,757,682 3,185,484 3,375,908
Percentage of total port
92*48
89-66
receipts March 31
This statement shows that up to
530,153
3,025,164
88*75
82-85
April 1 the receipts at the
167,233 bales more than in 1876 and 144,143
1875. By adding to the
totals to April 1 the daily receipts since that time, we shall
be able to reach an exact comparison of the movement for the
ports this year were
more
different
than at the same time in
years.
1877-78.
1876-77.
1875-76.
1874-75.
1873-74
1872-73.
Tot. last of Mar. 8,901,825
15,764
Receipts Apr. 1
3,734,592
3,757,682
9,834
6,649
5,114
14,158
5,817
5,311
6,277
4,836
3,033
4,915
3,164
3,185,484
4,505
5,976
5,160
3,375,908
11,214
6,901
8,003
7,629
3,0 2% 164
10,483
7,398
8,356
7,983
5,689
Receipts Apr.
Receipts Apr.
Receipts Apr.
Receipts Apr.
Receipts Apr.
Receipts Apr.
Receipts Apr.
2
3
4
5
6
7
8
Receipts Apr. 9
Receipts Apr. 10
Receipts Apr. 11
Receipts Apr. 12
S.
11,515
5,973
4,406
4,481
9,816
2,317
Total April 12.. 4,004,735
Per ct. of total port receipts
S.
15,839
7,034
9,576
4,483
10,114
6,411
S.
9,790
4,729
9,724
8,735
S.
3,779,388
93 59
.
145,000
Total
weekly deliveries for home consumption and
thirty-three weeks between March 15 and October
If only 4,400
31, were 4,976 bales last year, and 4,683 in 1876.
bales were taken this year, the entire supply would be exhausted
by the end of October, 4,400 bales per week being 145,200 bales
for thirty-three weeks.
If only 3,500 bales per Week are taken,
or 115,500 in all, there would still remain only 29,500 bales in
stock, against 53,000 last year and 54,960 in 1876.
Bombay Shipments. -According to our cable despatch received
to day, there have been 10,000 bales shipped from Bombay to
Great Britain the past week and 29,000 bales to the Continent;
while the receipts at Bombay during this week have been 36,000
bales. The movement since the 1st of .January is as follows.
These are the figures of W. Nicol & Co., of Bombay, and are
brought down to Thursday, April 11:
r-Shipm’ts this week—, /—Shipments since Jan. 1.—* ,—Receipts.—,
export, in the
1878.
1877.
1876.
...
...
Con¬
Great
Britain. tinent.
10,000 29.000
13.000 36 000
...
54,000
Total.
39,000
11,000
Great
Con¬
Britain.
tinent.
154,000 215.000
191,000 169,000
193,000 132,000
49,000
63,003
8ince
Jan. 1.
Total.
This
week.
3i)9.000
36,000
475,600
362,000
325,000
66,000
59,000
517,000
472,000
would appear that, compared with last
there has been a decrease of 10,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows an increase in shipments of 7,000 bales,
compared witn the corresponding period of 1877.
S.
8,576
8,487
6,045
4,485
7,523
5,319
s.
10,675
6,138
6,639
3,843,416
S.
10,104
3,251,666
9170
92-98
S.
12,987
8,291
S.
10,996
7.694
6,967
6,812'
5,842
10,928
5,272
9,593
5,149
5,637
S.
3,456,918
90-87
3,113,975
year,
Etc.—Bagging has been in rather
last, though the inquiry is still rather
small and only for jobbing parcels. There is no change to note
in prices, and holders are steady in their ideas, and do not care
about accepting lower than quoted figures, which are 9f@9£c. for
light weight, and I0@10£c. for prime quality. Batts have con¬
tinued to rule quiet, and we do not hear of any large parcels
moving, the demand being of a jobbing description. Quotations
are as last reported, holders still asking 2|c., currency, for spot
Gunny Bags, Bagging,
better
request since our
parcels.
from New York this week show a
compared with last week, the total reaching 8,780
bales, against 10,021 bales last week. Below we give our usual
table showing the exports of cotton from New York, and theif
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1877; and in the last column the total
for the same period of the previous year:
Rxporti of Cotton(bales) from New York since 8ent.lt 1877
The Exports op Cotton
decrease,
as
1XPOBTKD TO
8528
to-night are now
day of the month in 1877, and 161,319 bales more than they
were to the same day of the month in 1876.
We add to the last
receipts which had been
named.
The Flax Bagging Question.—There seems to be a very
proper effort making to drive out of use the new style of
flax bagging—the menders call it *• horse-manure bagging”—
which has appeared to some extent on cotton this year. We
have received a circular, signed by a large number of Massa¬
chusetts cottcn mills, protesting against its use; The bagging is
full of pieces of straw, which easily detach themselves and
become mixed up with the cottoj so thoroughly as not always to
be knocked out in the picker, and are often carried into the
cards a-jd cause troub’e. This is a very serious objection. But
besides this, one of our most prominent shipp rs informs us that
some of
their shipments to Liverpool havj been found on
arrival to be stained black under the bagging, necessitating
heavy bills for picking and mending. We notice that the Massa¬
chusetts spinners’ circular we have referred to also speaks on
this point, claiming that the cotton is always badly stained
where this bagging, when wet, touches it.
Still another objec¬
table the percentages of total port
received April 12 in each of the years
is its less cost as waste.
It is worth from 1 to
Same
WRRK ENDING
the receipts since Sept. 1 up to Liverpool..................
Other British Ports
225,347 bales more than they were to the same
use
35,000
The average
This statement shows that
tion to its
.110,000
31
From the foregoing it
91 T9
..
bales
Stock in Liverpool and afloat
Shipments, March 15 to October
-
1874.
536,968
676,295
759,036
444,052
383,324
CorTON.-^-The cotton editor of the Liver^ddl Pobt
Alexandria correspondent, under date of March 16,
estimates the supply of Egyptian cotton for Great Britain, from
March 15 to October 31, as follows:
Egyptian
states that an
405
Wednesday.. 5,328
Thursday....
*78.
Wil¬
Gal¬
New
r
& *78, TO TRIO AT. APRIL It,
BBOKrPtB VBOX BATOT&PA.T, Aj'RIL
POST
[Vbu xmi
THE CHRONICLE.
m
Total to Gt. Britain
Mar.
27.
12,667
•13,128
7,990
8,098
259,615
1,987
259,387
170
12,667
13,128
7,990
8,268
261,602
266,781
4,973
7,382
10.
3.
f;oo
366
*
too
Bremen and Hanover
934
•
•••
•
•
•
202
to
•
All others.
Spain, See
..
•
•
7,394
512
....
5,188
7,382
16,487
4,95?
10,182
9,748
2,226
1,586
31,626
13,560
•
Bpain-Oporto&Gibraltar&c
Grand Total....
•
1,665
226
924
Total to N. Bar ope.
•
year.
115
160
1,464
226
201
•
•
•
866
....
Hamburg
Other ports
•
...
...
Total French
Total
prev’us
Mar.
20.
-
Havre
Other French ports
April
April
period
Total
to
date.
n • • •
•
• • •
....
•
•
13.701
•
•
•
•
« •
•
•
a • • •
2,398
200
2,398
200
300.714
287,033
....
•
8.780
10,021
13,354
Boston,
The following are the receipts of cotton at New York,
PhilAdelphiaand Baltimore for the past week, and since Sept.
1TBW YORK.
rkcb’ts pbox
Since
This
week.
New Orleans..
Texas..
Savannah
Mobile..
Florida
S’th Carolina
i....
Sf th Carolina.
•
•
PHILADBLP’lA
BALTHE0B1.
Since
This Since
This
Since
This
week. 8ept!
Sept. 1. week. Septl. week. Septl.
3,549
2,251
1,704
•
Rostov.
1,’77:
61,808
180,087
•
17
799
887
6,552
1
• »
16,853
8,310
369 26,327
147,579
•
*
•
•
401
695
•
•
1*,2S6
•
•.
ft •
‘”8
914
98,928
.50,789
151,704
12,972
'• • *
• t
1,357 4L605
.
.
1,242
•
4J560
19,978
•
‘
16
ftftt
*350 16^291
-
.
81
18,436
584 87,325
*598 53.T25
pound, while other bagging brings from 2J- to 4 Virginia
4,744
314
82,662
1,800
North’rn
Ports
cents. This latter point is of more importance to the American
140 9,805
1,350 34*,8*16
8,383 92,934
4,573 117,295
Tennessee, Ac
65
3,458
spinner, because he buys his cotton gross weight and pays—say Foreign.. ....
2,512 128,962
10 cents a pound for the bagging.
2,995 59,470
6,150 283,862
18,693 780,117
Total this year
It seems to be quite important that early action be taken by all
853 49,769
1,737 105,170
8,521 828,296 10,125 280,445
Total last year.
the exchanges, and especially those of this city and Liverpool,
so that cotton covered by this bagging shall not be considered a
Shipping News.—The exports of cotton from the United,
States
the past week, as per latest mail returns, have reached
good delivery on contract. With such a check on its currency,
95,893
bales. So far as the Southern ports are concerned, these
t would soon pass out of use.
cents
per
...
•
,
•
•
•
•
■
W-.
*■'
•
•
♦ • • •
•
•
•
*
ft • •
a 9
* •
» •
*•
THE CHRONICLE
13, 1878.]
April
reported by .telegraph, and published in
Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
Total bales.
-!iig)it of this week.
the same exports
THE Chronicle, last
are
8,098
170
160
802
50
To Hull, per st ainer Othello, 170....
.
To Bremen, per steamer Gen. Werder, 160
... ,
r To Hamburg, per steamer Frisia. 302
V.
To Rotterdam, per steamer P. Caland, 50
New Orleans—To Liverpool, per steamers Oberon, 2,242....Delambie,
Thessalia 2.684 ...Ariel, 2,126 .. Jamaican. 3,400 ...per
2,200
ship Queen of Tndia, 8,451
per bark Atlantic,
To Cork, per bark Visurgis, 4,025
To Havre, per barks Mary Durkee, 2,936....Reine
Henriette, 2,150
1,843
dee Anges, 2,876
17,916
4,025
7,462
3,974
»....
To Bremen, per ship Annie Bingay, 3,974
To Revel, per steamer South Tyne, 4,260..,.per
To Cronstait, per bark Pene, 2,106 ..
bark Veteran, 1,797 6,057
To Trieste, per bark Lord Clarendon, 217
To Vera Cruz, per steamer Cityof Mexico, 1,011
Mobile—To Liverpool, per ship William, 8,550... per
• <
Louisa, 1.825
To I lavre, per bark Orion, 8,178
2,l<6
217
.
1,011
-
..................
bark Carmen
.
.......
.«••••
Charleston—-To Liverpool, per ship N. Mother, 1,900 Upland and 110
Sea Island
To Cork, for orders, per bark Erling, 1,270 Upland
...
■■
4,8,5
.2,178
Savannah—To Liverpool,, per ships Theobald, 3.845Upland....Cara¬
van, 4,719 Upland
per harks Condor, 2,931 Upland and 48 Sea
Island
Wild Hunter, 3,266 Upland.
'
14,309
To Cronstadt, per birk Lynet, 2,083 Upland.
2,033
Texas—1To Liverpool, per barks Norwegian, 3,550
Flour! M. Halbert,
5.265
1,715...
To Cork, for orders, per hark Mizpah, 1,550
1,550
To Havre, per schooner Hector, 1,897
1,397
Baltimore—To Liverpool, per steamers Moravian, 693. ..Andalusian,
L205....Sardinian, 187 and 328 bags
2,413
To Bremen per steamer ialtimore, 1,890
1,360
Boston—To Liverpool, per steamers Bavarian, 630... Algerian, 1,499
8,717
Java, 1,588....
...
Philadelphia—To Liverpool, per steamers Pennsylvania, 45....Illi¬
nois. 45:2 (omittedpreviously)....Indiana, 527 (omittedpreviously)
;.....
per ship Quebec, 889
1,913
.
..
...
.....
95,863
Theparticulars of these shipments, arranged in
are as
onr usual
form,
follows:
’'
Liver-
pool.
'NewYork. 8,09S
N. Orleans. 17,946
Mobile
4,875
Charleston. 2,010
‘Savannah.. 14,309
....
Texas
5,265
Baltimore.. 2,413
‘Boston..... 8,717
..Philadelp
a
1,913
Bremen &
Ham-
...
....
16,342
«...
...
...
....
....
....
8,212
3,773
8,717
....
....
....
....
....
...»
1,918
..
.
*
Total...60.546
5,736
4,139
211
1,011 95,863
6,845 11,032
6,057
Included in the above totals are, from New York, 170 hales to Hull and 00
bales to Rotterdam.
Below
give all news received to date of disasters to vessels
carrying cotton from United States port3, etc.:
■——
we
Fleetwood, March 21.—Five bales of cotton, of the following marks,
have been picked up on the beach between here and Blackpool, viz :
6’V‘PN—AC-86”; "RCNAC22”; “HN AC 26 JN Sol
1065”; “ PN AC 25—275”. Another hale, without mark or number, has
also been picked up at sea by a fishing-beat and lauded here. All six
bales are in the possession of the Receiver of Wreck.
Bnoland, str. (Br.), Thompson, from New York, while docking at Liverpool,
April 8, collided with hark Nonantura (Br.), from; New Orleans.
Wisconsin, str. (Br.), from New York, arrived at Liverpool, March 24, with
‘M228.
June-July delivery, 6d.
April delivery, 5 15-16&.
Apr.-May delivery, 5 15-16d.
May-June delivery, 5 3!-32d.
July-Aug. delivery, 6 l-16d.
Tuebbay.
Sep’t.-Oct. delivery, 6 8-16d.
May-June delivery, 5 31-32d.
Apr. delivery, 5 31-32d.
Anr.-May delivery, 6d.
May-June delivery, 5 81-32@6d.
June-July delivery, 6 l-82@t-16d.
July-Aug. delivery, 6 1-16® S-32d.
Aug.-Sept. delivery, 6X@5-82d.
Mar.-Apr. shipm’t, sail, 6 l-16d.
Apr.-May delivery, 5 31-32d.
June-July delivery,. 6 l-32d.
June-July delivery, 6 1 -:6d.
Aue.-Sept. delivery, 6)4@3-33d.
Apr.-May shipment, sail, 6 l-16d.
April-May delivery, 5 15-I6d.
June-July delivery, 6d.
July-Aug. delivery, 6 l-82d.
Sept.-Oct. delivery, 6 5-32d.
Wednesday.
Mar. shipment, sail, 6d.
Apr. delivery, 5 15-16d.
Apr.-May delivery, 5 15-16d.
May-June delivery, 5 !5-16d.
June-July delivery, 6d.
July-Aug. delivery, 6 l-32@6@6 l-32d
Aug.-Sept. delivery, 6 1-16d.
Apr.-May shipment, sail, 6d.
Aug.-Sept. delivery. 6 8- 2d.
May-June delivery, 5 81-32@15-10d.
June-July delivery, 5 31-&2d.
Aug.-Sept. delivery, 6 l-16d.
Sept.-Oct. delivery, fi^d.
Thursday.
April delivery, 5 29-32d.
Aug.-Sept. delivery, 6 l-16d.
Sept.-Oct. delivery, 6Xd.
Apr. delivery, 5/4d.
May-June delivery, 5 29-32d.
Apr.-May delivery, 5 29-32d.
June-July delivery, 5 31-32d.
July-Aug. delivery, 6d.
Friday.
May-June delivery, 5 15-16d.
Apr. delivery, 5 29-32d
Jnly-Ang. delivery, 6 l-32d.
May-June delivery, 529-32d.
Aug.-Sept. delivery, 6 l-16d.
June-July delivery, 5 31-32d,
Sept-Ocf. delivery, 6)fd.
July-Aug. deiireay, 6d.
Oct.-Nov. delivery, 6 3-32d.
April-May ahipm’t, sail, 6d.
Cotton freights the past week have been as follows :
-Liverpool.
%
.—Havre.—% .—Bremen.—* /—Hamburg—*
t
Steam.
SaiL
d.
d.
Saturday.
Monday..
Tuesday.
Wed’day.
Thur’dy..
Steam.
Sail.
c.
@.15-64 comp.
——©15-64 comp.
—@34 —@15-64 comp.
—-r-@15-o4 comp.
-—@)4 -—@15-64 comp.
Friday... —®)4 15-64 comp.
Steam.
c.
,
8ail.
X cp. —@X 11-16 comp.
X cp. —@H 11-16 comp.
X cp. — @& li-16 comp.
X cp. — QbX 11-16 comp.
X cp. —dnbX 11-16 comp
X CP- —@X H-16 comp.
—-
Markets.—In reference
Steam.
c.
c.
to
Sail.
c.
X
H
X
X
X
X
\
X
X
X
X
X
these
c.
comp.
comp.
comp.
comp.
comp.
comp.
—
—
—
—
—
—
markets,
correspondent in London, writing under the date of Majrch
8,780 30, 1878, states:
42,758
7,048
Liverpool, Mar. 23.—The following are the current prices of
3,280 American cotton compared with those of last year:
Total.
....
....
Apr. delivery, 5 29-32d.
May-June delivery, 5 15-16d.
June-July delivery, 5 31-32d.
July-Aug. delivery, 6 l-83d.
Aug.-Sept. delivery, 6 l-16d.
Sept.-Oct. delivery, 6>£d.
1 European Cotton
Vera
Cron-
Cork. Havre, burg. Revel, stadt, Trieste Cruz.
.462
*
...
4,025 ' 7,462
3,974 6,057 2,106
217 1,6*11
2,i73
*..
.1,270
....
2,033
-1,550
1,397
...
....
1,860
....
Monday.
Futures.
2,010
1,270
Total
873
our
/-Same date 1877.—
<—Ord.«fc Mid—> r—Fr.& Q.Fr.—*
Seal8land..l5X
Florida uo..!3
Ord.
Upland
:N. A E. Gardner, ship (of Yarmouth, N. 8«),;from Galveston,
Feb. 1, for LLverpooJ, before reported, was abandoned March 14 in lat. 47 52 N., Ion.
SO 07 W.; She commenced leaking Feb. 18, and on March 8 the vessel.
•vWa* knocked over on her broadside, and the cotton having become
saturated with water, she would sot right, and on the 14th was aban¬
doned with eight feet of water in her hold. A cotton-laden vessel,
supposed to be the N. & E. Gardner on fire, and burnt nearly to the
v water’s
edge, was passed March 15 is lat. 49 N., Ion. 29 W.
jNonantuh, bark (Br.), McWhorter, from N«w Orleans, while docking at Liv¬
erpool, April 8, collided with steamer England,- from New York, and
received some damage.
>
s
Peter Rohland, hark.—The loose cotton, ex Peter Rehland, from Savannah
i. for Bremen, realized, at public auction at Terscheiling, about £510s.
.per 509 kilos.
C. C. oolson, brig.—Bark Viking (Br.) arrived at Amsterdam, March 28, from
St. Thomas, having on board the cargo of the brig C. C. Colson, from
Mobile, which put into St. Thomas in distress and was there con*
G.O.
4 15-16
18
19
1514
16)4
L.M.
Mid.
G.M. Mid.F.
5 15-16 6 5-16 6X
5X.
5*
5*
6*
20
18
24
—
Mobile. ...4 15-16
5 15-16 6 5-16 6#
6 1-16 6 7-16 7
5M
Texaa.... 5 1-6
t>x
5 7-16 5 13-16 6 3-16 6 11-16 7)4
Orleans....5 1-16
Since the commencement oi
the
speculation and for export have been
year
:
Fair. Good.
18
16
20
17
Mid.
G.M.
6*
6#
6 3-16
6 3-16
6 7-16
6* *"
6 5-16
6 11
23
19
M.F.
7
7
:-7X
16
IX
the transactions
on
/—Actual exp.
8OH
crank-sb^ft broken.
17
14
-G.&Fine—* Mid.'
-Taken
4,470
B. India, Ac.
1,940
this date-*
bales.
American..... 19,120
Brasilian.....
Egyptian*
Ac.
W.
c. to
on s
1878.
bales.
Total...... 25,530
„
B
121*130
U.H. in
life.
1877.
1877.
bales.
bales.
bales.
bides.
60*460
37,901
17,868
*
550
:•
U8.450
260
180
8,635
«1,675
16,740
19‘ofo
1,766
81,197
,272^960
88,690
68,315
56,136
437.420
10,540
100
*0,1*0
"
outports
to date—,
>utpor
1876.
67*350
12.670
20.670
India, Ac.
.Actual
from
Liv., Hull & other exp’tfrom
400
)
>
.
JI E ^D 8 T JJ F P S
11,230
42*410
;ii37o
.
Friday, P. M.. ApriL
12„4$$.
drooping market for flour through¬
out most of the past week, but latterly there is a steadier feeling
apparent. The fluctuations in tone have been caused by the
varying aspects of European politics. 1 Receipts and production
continue large at all points;-but there is no important accumula¬
tion of stocks. The leading prices for common shippiug extras
demnea.
;
have been $5@5 15. To-day, the market was dull and weak.
Liverpool, April 12—3:30 P.M.—Bv Cable from Liver¬
The wheat market was-depressed, and prices of Milwaukee
pool.—Estimated sales of the day were 8,000 bales, of-which
1,000 bales were for export and speculation. Of to-day’s sales spring declined to $1 21 for No. 8, ($126$ for No. 2 and $l 31@
-6,150 bales were American. The wehkly-movement is given as
$1 32 for No. 1. There were also sales of No. 1 red winter at $1 36
•follows:
*
March 22. March 29.
April 5.
April 12. @$1 37, and No. 1 white at $1 40 ; hut yesterday there was some
Sales of the week
bales.
46,000
50,000
66,000 recovery, with sales of No. 2 Milwaukee at
43,000
$1 27@$1 28, No.r 1
.Forwarded
11,000
10,000
11,000
11,000
do.
39,000
35,000
84,000
55,000
at$l 33 and No. 1 red winter at $1 38. Holders have been
of which exporters took
4,000
4,000
8,000
8,000
pretty
firm. The season for sowing the spring crop in the North¬
of which speculators took
1.000
7.000
2,000:
2,000
There has been a dull and
'
'
-
=
730,000
-
Total import of the week....
of which American
Actual export
562.000
86.000
736,000
556,000
61,000
82.000
35,000
8,000
756,000
580,000
81,000
71,000
5,000
328,000
243,000
/
744,000
551,000
60,000
81,000
6,000
6,000
297,000
342,000
855,000
217,000
268,000
256,000
The following table will show the daily closing prices of cottonfor the week
Tburs.
Fri.
8frCt.
Satur.
Mon.
Wed.
Tnes.
■la. Upl’ds
Mi<L
Upl
@5 15-16 ..@5 15-16 ..@6
..@6
..@6
..@6
Hid. On’ns.
..@6* ..wx
.m 3-16 ..@6 3-16
-.mx
Futures.
west has not been favorable.
and winter wheat in tl
the recent seyere
e
weather.
Receipts continue
very
large at the
nowhere excessive.
To-day, the market
was dull, and spring grades lost the improvement of yesterday.
Indian corn declined materially under excessive supplies. No.
2 mixed sold as low as 52|(353c. for new and 57c. for old ; steamer
mixed at 50f(®51c. and No. 3 at 47$@48c. There was a good
sales are on the basis of Uplands, Low Middling clause, unless other¬ demand for Southern and Jersey, white as well as yellow, and
_These
wise stated.
Saturday.
prime brought 56c. There has been some recovery in Western
Apt. delivery,, 5 29-32d.
Aug.-Sept. delivery, 6 l-16d.
mixed, stimulated by a good general demand. To-day, the
Apr.-May delivery, 5%d.
May-June delivery, 5 29-32d.
May-Juue delivery, 5 15-I6d.
July-Aug. defivery, 6d.
market was & shade, easier, but more active.
June-July delivery; 5 8Laid.
Aug.-Sept. delivery, 6 l-32d.
July-Aug. delivery, 6@t> l-32d.
Rye declined, but yesterday was firmer and more
at
_
’
~
*
West, but stocks
Snow has fallen in the past week,
noithern latitudes suffered from
more
are
and
73@73ic. for No. 2 Western, and 76@78c. for No. 1 State
Canada.
Barley was active, some 75,000 bushels No. 1 Canada
selling for export at 70c. in bond, with a moderate business in
Western feeding at 49c.
For home use, malting barley has been
dull, but No. 1 Canada brought 85c., duty paid, and six-rowed
active to-day for export,
were
store at New York
store at Albany
store at Buffalo
store at Chicago
In store at Milwaukee
In store at Duluth
In store at Toledo.
In store at Detroit
about 100,000 bushels No. 2
being taken for France at 34|@35^c., in store and afloat;
but this demand subsided, and prices gave way rapidly. The
market to-day was steadier, No. 2 graded closing at 33±c. for mixed
and 34c. for white.
closing quotations:
Gbaix.
JfLOUB.
1,561,153
In
lu
In
In
W estern
The following are
bush.
bush.
spring,bush $1 18$ 1 21
*_bbl. |2 85$ 3 85 j Wheat—No.8
No. 2 spring
l 24$ 1 26
restW
Superfine State &
No. 1 spring
1 20$ 1 31
era
4 25® 4 75
Red Winter
1 27$ 1
5 05$ 5 20
JSktra state, Ac.
Amber do...
1 32$ 1
•
•
•
•
845,971
.
...
702,694
608,154
110,565
417,994
151,945
825.U00
Instore at Oswego*
In store at St. Louis
In store at Boston
105,964
25,063
503,580
396,0)6
In store at Toronto
In store at Montreal, April 1..
89.600
In store at Philadelphia*
5,891
In store at Peoria
17,834
In store at Indianapolis.,....
48,919
In store at Kansas City....
361,670
In store at Baltimore
1,302,464
Rail shipments, week
125,000
Est. afloat in New York ......
No. 2
...
569,840
29,800
93,931
1,253,015
bush.
bush.
842.764
382,592
173,500
85.940
7S,453
11,549
105,116
102,020
231,203
40,434
*
*
405,609
37,167
161,912
13,092
265,031
••
•
•
•
3,073
•
2,008
255.000
25,505
2,873
7,500
15,267
2,939
148,006
45,377
i,iil
121,851
81!, 000
12,096
130.633
69.850
99,193
51,346
1,367.069
5,934
2,081,197
100,000
323,646
48,407
200,000
150,000
•
•
•
•
•
•
•
•
•
•
1,800
3,809
626
*
•
•
•
•
•
14,684
440
453
•
•
7,211.562 8,451,3S0 2,258,873 2,258,443
2,366,551
7,752,209 7,033,318 2,531,025
2,589,350 2,583,133
Total
Mar. 30. 1878
Mar. 23. 1878
Mar. 16,1878
Mar. 9,1878
Mar. 2,1878
Feb. 23, 1818
82,403
•
13,000
130,000
475,584
•
*
536,504
126,214
34.835
867,385
3,653
Rye.
bush.
92,900
53,400
3,802
-
Barley.
Oats,
Corn,
Wheat,
State 70c.
Oats
|Tol. XXVI.
THE CHRONICLE.
374
7,568.449 6,728,162
80,ffi
%
••
»
513.30
595,87
633,15
2,892,392 621.63
8,051,079 5,630,532 2,676,624
581,86
White
1
35$
1
2,655.811
5
extras
*20
8,211,013 5,433.182 2,845,722 8,842.933
629,09
2,472,578
...
44$
Corn—West’n
mixed
and
XXX
6
do XX
50
8,643,262 5,331,819 2,913,793 3,415,214 668,51
do steamer grade.
51$
5134
do winter X and XX..
5 35
8,095,422 5,527,841
798,62
Southern, yellow, new..
53$
do Minnesota patents..
8 00
April 7, 1877
8,611,036 10,041,089 2.570,306 2,223,965
Rye
71$
City shipping extras.. .. 5 003 6 10 Oats—Mixed
82$
* Estimated.
City trade and family
White
33$
brands
6 25$ 6 50
Barley—Canada West...
78$
Sonthern bakers' and fa¬
THE DRY GOODS
State, 2-rowed
68$
mily brands.
5 50$ 6 75
State, 4-rowed
68$
Friday, P. M., April 12,1878.
Southern shipp'g extras.. 5 15$ 5 40
Maifc—State . ...
65$
Bye flour, superfine
3 40$ 4 10 Barley
00$
10
Canadian
1
i
The package trade has been only moderate
past
yet
Corn meal—western, Ac. 2 25$ 2 65
Peas—Canada,bondAfree
83$ 1 00
Western Spring
Wheat
5
5
5
6
CO 3
40&
IP®
003
TRADE.
Ac. 8 05$ 8 151
Corn meal—Br’wine.
fol
breadstuff® at this market has been as
The movement in
Iowa:
-BB0XEPT8 AT
NSW
1878.
Flour,
week.
74,511
1,143,S02
4,313
62,343
12,340,758
bbl..
C. meal,
“.
Wheat, bus. 868.850
Corn,
“ . 711.299
Rje,
“ - 137.443
65,893
Barley. u .
Oats...."
.
1878.For the
Since
Jan. 1.
week.
Same
time
1877.
*
Since
Jan. 1.
For the
.
331,255
42,756
715,932 25,661
63,772
6,760
4,448
57.218
899,319 11,393,760 239,909 1,870,130
268.176 4,658.636 464,204 5,075,459
808,689
8,460
60,365
8 >0.697
121,158
26,413 1,095,824
44,506
734
6,’ 800
62,607
699,516
70.854
556,361
5,951,725
4,552,845
705,896
1,649,071
128,814 1,767,462
1,615,985
183,313
863.698
in sight and the move¬
tables show the Grain
The following
YORK.-1877.Since
For the
Jan. 1.
week.
-BXPOBTS FROM HBW
YORK.
the latest mail dates:
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
APRIL 6, 1878, FROM DEC. 31 TO APRIL 6, AND FROM
ment
of Breadstuff® to
AUG.
1 TO APRIL 6.
bnsh.
bush.
bbls.
Oats,
bnsh.
Corn,
Wheat,
Flour,
(82 lbs.)
196,563
14,600
(196 lbs.) (60 lbs.) (56 lbs.)
At—
305,283 1,324,443
42,852
C3llC>j[0.,,e-.< <»'»»»«
7.120
379,283
44,2u9
Milwaukee
346,436
169,142
1,255
Toledo
Cleveland
St. Louis
Peoria..
Duluth
4.850
Previous week
Oorresp’ng week,*77.
1,236,794
1,105,391
125,711
96,854
84,918
239,375
602,885
97,034
,1,551,140
14,323
594
Tot Dec.31 to Apr.6.
flame time 1877.... .1,079,932 4,205,001
’76..
*•
bush.
(48 lbs.) (56 lbs.)
30,245
26,029
16,690
24,044
2,187
4,009
9,072
11.2%
5,065
133
400
291, m
236,450
62,993
85,950
8,9?3
16,400
24,322
22,700
•
•
....
•
96.682
136,970
388,5^9
521,630
84,461
224,763
210,6i7
80,079
177,100
45,742
5,110,221 8,070.650
3,403.468 1,520,9 ■‘S
4,283 2 8 2,071,641
4,036,407 1,228,627
17,521.778 8,519,510
14,454,238 7,586,639
18,935,785 6,758,139
15,963,161 5,155,830
924,455
2,215,590
2,492,* 80
1,121.975
883,778
Tot Aug. I to* Apr.
Same time 1877. ..
Same time 1876
Same time 1875
•
....
....
17,579.935
15.636.64i
.1,315,497 9,297,648 15,204,900
.1,009,332 9,918,335 11,039,152
6. .4,323,534 57,803.885 52,6«9.55t
.3,733,674 83,597,98* 55.3S6.545
.3,621,400 49,140,344 3V03.5I3
.8,679,100 45,390,280 30,317,851
flame time 1876
flame time 1875
Rye.
bush.
3,150
15,653
....
8,176
6,058
140,988
8,750
212,860
7,104
1,983
25,108
3,200
Detroit.
Barley,
83,168
17,350
549,611
817,265
339,413
2,90!.272
2,407,095
1,547.115
1,056,033
AND
FLOUR AND GRAIN FROM WESTERN LAKE
RIVER PORTS FROM DEC. 31 TO APRIL 6.
SHIPMENTS OF
bush.
bush.
bbls.
Rye.
Oats, ' Barley,
Corn
Wheat,
Flour,
bush.
bush.
hush.
1,186,491 593,532
56 ,156 7.536,124 12,402 813 3,177,097 957.989 261,769
979,897 2.H40.376 8,516,802 2.055,817
868,333 197,118
1,421,471 4.713,615 10,660,551 2,520,946
195,574
2,431,287 657,834
4,146
184
5.214,863
flame time 1875
1,155,297
RAIL SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
Tot.Dec. 31 to Apr.6.
Same time 1377
Same time 1876
AND RIVER
^
April 6,
April 7,
Ai»ril 8,
Weekeudiug April 10,
Week ending
Week endi-g
Week ending
Wheat.
Corn.
Oats.
bbls.
bush.
bush.
bush.
bbls.
..
Portland
Montreal
.
Total
Previoas wee*
80 s473 1,274,465 312.058
Wneat,
bn*h.
939.950
4,500
67,600
58,195
11,450
400
68,800
190,100
..
,..
..
18.045
165.403
115.575
2,0-.7
Oats,
Bariey,
baBh.
bush.
bush.
698,776
267,250
6,< 00
132.836
Cora,
28,700
6,300
•
-
950
603
S7.0C0
644.400
263,087
27,616
•
•
•
1,327.182
1,204,312 2,404,7-22
1,168,247
Rye,
bush.
114,023
13.300
3,000
82,000
324.402
R63,4S6
6.
•
63,700
•
2,721,763
57.500
65,<00
2,250
845,300
Cor. week’77
Dee. 31 to April 6. .1,243.818 17,574,261 2S.107.812
flame time 1877.... ..1,721,321 1,491 389 18,765,771
flame time 1876 ... ..2,311,437 5.211,4 6 18,297,298
5,038,208 14,69 *,014
flame time 1875....
..
bu^h. bush.
1878, AND FROM DEC. 31 TO APB.
71,562
Philadelphia
Baltimore
New Orleans
Barley. Rye,
48.4 *7 80,647
231,235 1,0*7,84 173,775 83,057 23,161
641,948 775,195 116,133 67.409 6,393
503,83) 396,7u3 151,307 59,313 18,653
AND GRAIN AT 8BABOARD PORTS FOR THE
1878..133,110
1877.. 86,:03
1876..115,491
1375.. 93,652
RECEIPTS OF FLOUR
WEEK ENDED APR. 6,
Flour,
AtNew York
Boston
PORTS.
Flour.
•
• •
•
72,6(0
45.800
35,030
138,160
3.716,925 1,800.4 6
842.850
3.319,415
4,00 ,683 1,546,622
791,325
4,071,533
160,323
131,597
20,858
919.724
2e5,174
74,994
32.720
the
week,
steady hand-to-mouth demand for seasonable goods
by Western and Southwestern jobbers, and considerable sales of
the most staple fabrics were made to California buyers for trans¬
portation by sailing vessel. Business was irregular with jobbers,
owing to the unfavorable condition of the weather; but a fair
aggregate distribution was effected by most of the leading houses.
The print-cloth market was unsettled by the reported defalcation
there
was a
of the treasurer
a
of
one
of the Fall River
trifle, but otherwise cotton
hands.
Mills, and prices receded
goods were fairly steady in first
sell spring woolens, and fairly
There was some pressure to
large lots of
coatings were
light-weight cassimeres and cotton-warp
worsted
agents and jobbers.
Foreign goods were offered in large quantities at auction, and a
sale of 2,000 pieces Paris Gold Medal dress fabrics and 3,009
piecos Lyons and Zurich silks, of the importation of Messrs.
Passavant & Co., proved a great success, nearly all the goods
offering having been closed out at acceptable prices.
Domestic Cotton Good*.—The exports of domestics from
this port for the week ended April 9 were only 726 packages,
which were shipped as follows: Great Britain 812 packages,
Chili 177, Argentine Republic 74, British West Indies 33, Brazil
26, &c. Brown Sheetings were in moderate request by jobbers
and converters, but drills ruled quiet. Bleached shirtings con¬
tinued unsettled, and outside makes were offered at very low
prices with moderate results. Corset jeans met with fair sales at
unchanged prices, and there was a steady inquiry for small lots.
of denims, ducks and tickings. Cheviots and Cotton&des were in
irregular demand, and, while a few of the best makes were steadily
held, other goods of this class ruled weak with a declining
tendency.
Corded piques and white goods were fairly active,
but some makes of the former were reduced to very low prices.
Print Cloths were a fraction lower on the basis of 3£c., cash to
3 5-16c. ,30 days, for extra64x64s,and 3c.,less l per cent, cash, to 3c.,
30 days, for 56x60s.
Prints were in irregular request at furst
hands, and transactions were only moderate in the aggregate;, but
low prices enabled jobbers to dispose of large quantities of these
goods. Ginghams continued active and the best makes of staples
disposed of at low figures by
and dress styles are in light supply.
Domestic
Woolen Goods.—There
material
improvement in the condition of the market for men's-wear
woolens, but there were more buyers in the market, some of whom
Have been making memoranda as a basis for early operations
Spring cassimeres ruled quiet in first hands, though a few largs
sales were effected on private terms.
For worsted coatings there
moderate demand for light, &c., assortments. Cloths and
doeskins were lightly dealt in, and Cheviot suitings were lees
active.
Low grade all-wuol an$ union heavy cassimeres were
taken in moderate parcels by the early clothing trade, which class
of buyers have also commercial operations to a limited extent in
fancy overcoatings for the fall trade. Kentucky jeans found a
few buyers,and printed satinets.were taken in moderate parcels;
hut such fabrics were by no means active. Worsted dreBS goods
in fair request for light selections, but shawls continued
has been no
was a
were
quiet.
somewhat improved
goods, though buyers
continued cautious. Silks were more active and large quantities
were distributed through the auction rooms at fair prices.
Cash¬
Foreign Dry Goods.—There was a
undertone in the market for imported dry
meres,
request
and
grenadines and fancy dress fabrics were in steady
lots. Woolen goods for men's wear ruled quiet,
for moderate
L nen goods
sales of
The Visible 8 jpply of Grain, comprising the stocks in
and
granary at the principftl points of accumulation at lake and embroideries were moderately active with jobbers, and there is *
seaboard ports, and In transit by rail, April 6, 1878, was as I
iollows:
• steady though light movement in hosiery and gloves.
prices are
generally unsatisfactory to importers.
quiet in first hands, but jobbers effected fair
housekeeping linens and handkerchiefs. White goods, laces
remained
"
"i/,*. - A.;*■’:£•
•
Vf'rJv ;.*
•
'Mv
-%-h
THE CHRONICLE
13, 1878.]
April
lMporUtlout of Drr Goods.
The importations of dry goods at this port for the week ending
April 11, 1878, and for the corresponding weeks of 1877 and
1876, have been as follows:
SHTBBSD FOB CONSUMPTION FOB THB win ending April
1876
Pkgs. Value.
Manufactures of wool.... 494
$307,720
cotton..
do
894
237,106
silk
469
815.808
do
flax
834
do
174,084
Miscellaneous dry goods.6,518
171,221
Total..
9,209 $1,105,939
—
1877Value.
Pkgs.
$143,445
896
806
203.898
892,641
575
727
169,277
112,333
421
11, 1878.
-1878
Pkgs. Value.
848
$125,184
*
2,931 $1,034,594
996
495
83-',392
812
983
186,333
125,978
Exports of Leading Articles from Mew York*
The following table, compiled from Custom House
returns,
shows the exports of leading articles from the portof New York
to all the principal
foreign countries since Jan. 1/1878, the
totals for the last week, and also the totals since Jan.
1,1878
and 1877.
The last two lines show total values, including the
value of all other articles besides those mentioned in the table.
292,172
481
cotton..
417
117
silk
flax
428
Miscellaneous dry goods. 1,063
do
do
,
^
431
254
121
$175,069
111.884
31,532
40d
72,351
806
193
128
3i*5
1,416
45,125
3,820
84,738
38,073
2,623
2.931
1,084,594
4,837
8,574
1,062,054
1,105,939
81,693
125,893
$5r2.631
$1,671,385
5.553 $1,587,225
ao
^ ^OD IN
CO O 05 40 « 05 CO O r-^CO P* N
** ©'t*©f—aoStaf-** — eocoV'le}oo t/t© »• ef
'
m
•
$117,867
52 ©»
50,237
111,399
gSfS'
$402,314
co to
8,411 $
•
si
?
’a ““
!
Total thrown upon m’k’t. 11,735
t'*
Tj*
r4
$199,355
111,287
111.883
$565,946
2.52S
Total
Add ent’d for consumpt’n 9,299
CQ 30 CO ®
3® fl’Sioi'*wowod*o
8AMB PBBIOD.
do
QO 05 W
•#-4
3,574 $1,062,054
Withdrawn from wabbhoubb and thrown into thb markbt dobing thb
ManufactureB of wool....
375
TO ^
«
cT
’
V
•
82
g®
so
«®io
BNTBBBD FOB WAREHOUSING DUBERG 8AXB PBBIOD.
$207,625
89,952
529
..
267
117
505
753
..
..
..
B.
98,941
116,277
40,S69
380
252
81
393
67
$149,628
70,702
60,961
848
250
103
374
$125,971
'
C* O
•
OO QO so o» ■**
•
cnso
•
©* co t- e* co
•
»o (M on
ot
*l-OOC«
67,181
69,321
81,545
17,229
1,575
62,940
$558,654
Add ent’d for consumpt'n 9,209
1,105,939
•••••
Total entered at the port.ll,330 $1,659,593
1,17J
2,931
$382,065
1,084.594
2,650
3,574
$412,181
1,062,054
4,104 $1,466,653
•««£*£
•
K! OO
.
•
03
•
•
C*
•
C*
*TS
*
*
!3
M
•
following table, compiled from Custom House returns,
this port since
-..
Buttons
Coal, tons.........
Cocoa bags...
Coffee. bags......
Cotton, bales
Drags, Ac—
Bark, Peruvian..
Blea. powders...
/
62,213
5,724
1,718
2,876
15,308
5,580
881,340
1,130
7,080
7,932
3,009
Gum, Arabic.....
Indigo
2,788
Madder <fc Ext. of
759
773
249
Soda, bi-carb....
Soda, sal
15,501
18.132
Hemp, bales
60,523
1,265
1,525
820
449
Ivory
Watches
Linseed
Molasses
*03
•
•yjt
•
.is
* ad
*
’
*
>09
*
CTi rnt
•
*
•
•<
•
«f> ta
•
*n<Oa3
•VJO(_
»o
• ri
i«®c«
• l
.to^«
• T}<
_
OO C—
_
.
•
cf •
.
•
•
.
.
1
.
•
kTi O
*
.(NO
•
»OW
Tjt
.
• C"
.®n
•
•
:2
{
.
*•
*
.
•
•
• 0 00*0
.03
•
« OO
1,026
175
222
: no
: 2®
««
-Joorn
.
gSS
eg
•
.
too
:3s
: :
***rH
*»-?
■
lOl-C.0®
.03 0
O
OOO
*-<
.<»
*
.0000030-*
rN t-*
©*
OO
03
•
•
*2
*2
•
•
;g
:
‘s''
’
^
• OO
«fr»
N
• »-<
X!*252*2****^«n.
:
«V
*
««
*t»Qnnfflwow«i
*' ’'
g§
.x
.
s'"' -'’s
a-
.
6,607 Waste
653 Wines, Ac—
162
17,698
30,284
Wines
16,402
1,227 Wool, bales
2,040 Articles reported by
value—
1,411
6,684 Cigars
8,706
$
195 Corks
4,610 Fancy goods
16,783 Fish
14,196 Fruits, Ac.—
1,188
Lemons
1,131
Oranges
2,168
Nuts
1,313
14,866
20,05’
506
252
18,407
O
>4003
• OO so
irlOH 04 O
i«niOt.a
*t*H
'
to
r-t
:gSS3=S
O
oO
^*
.
.
oO^i
'«?«
*
*
m
: :5!S8
•
3*§i
n
25,663
12,4.3
321,960
21,242
193,97s
123,365
134,852
.®0»tWQ
•
I...
«0
.c«*o--o<w
»«.....«•••
$
412.591
18,551
•
*2*
1*0
03
•••*,.
•
•
•©»
of
OO
•
‘V
*6
O o*
o
.
•
•
»
•
•—
...
*«T *
*
Si
.IINIO
■®ot*
123,357
213.441
73,802
700,877
577.176
240,084
212,1 19
209,232
.
Raisins
55,960 Hides, undressed..
421
1.774
,a>T-»
■«—*
.«
.*2
.*
oo »-*
.
«
«OcO
•
•
it^oo
.......
.CO
.
..
!«
.
•
...
793
.1000
49
.
Champagne,bkt?.
Jewelry, Ac.—
Jewelry
25
of of
00
•5?c* oo
•
•
......
©* — -o*
88'
1.319
Hardware
•goo
OO JO
388,660
53.568
»
*
:
: :
•©
•
»
8,884,365 3,874,152
Rice
Hides, Ac—
Hides, dressed..
co to
10
...
1,486
Bristles
‘'V m£>
•
S d*-»
no
8,799
Lead, pigs
3.319
15,006
81,278
610A9
Spelter, lbs
222,476
Steel
5,704
12,801
10,039
2,361
Tin, boxes
238,5)5
220,701
Tin
2,044
slabs,lbs... 4,239.929 2,719,448
7,024 Paper Stock
37,474
45.686
8,345 Sugar, hhds, tcs. A
557,340
82,915
101,631
1,01 Sugar, bis* A bags
643,038 1,024,140
Tea
329,522
292,461
1,979 Tobacco
16,289
18,981
6,050
Sodaash
Flax
Pars
Gunny cloth
Hair.:
India rubber
3,159
547
10,880
Opium
f-7
Since
Same
Jan.l ,’78 time 1877
Cutlery
2,876
10,05:
Cochineal
Cream Tartar...
Gambler
Oil, 01\ye
—
‘
Metals, Ac.—
China, Glass and
Earthenware—
China
Earthenware.
Glass
Glassware
Glass plate
«
1-
*
OOO
....
[The quantity is given in packages when not otherwise specified.]
,
to
co
.
•
O
•SgSS
“H—CO : : :g§8 : :!
shows the foreign imports of leading articles at
January 1, 1878 and for the same period iu 1877:
Same
Since
Jan. 1/78 time 1877
rT
-V
S3
too
CO 03 —
6,224 $1,474,235
Imports of Leading Articles.
The
CO^
86,768
•
2,171
Total.
as?
.
W
■
TH
•©
•
.T)I®Q
»i-t
.3.:
:®*,
«*
30
63,903
tC 03
O a*
,
Spices. Ac.—
Cassia...
57,392
30,946
Ginger
Pepper
16.670
86,585
27,21a
Saltpetre
68,785
162,466
131,9^0
8.937
153.606
10,016
g
.
261,558
21,875
151,610
03
•
9,5.4
>P
736
152
S46
104
82,971
81,769
Fustic
6,734
15,980
Logwood
WoodsCork
Mahogany
—.
O
SJ
0
•
«
is*
76.064
.
•
*•
"•o
?*
*
f§ J• ;J:
•
•
:
0«
*
.
.O
•
• j •
till
*^r
S
3
.
»S
• •
■
.00
•
*
•«. ;
1 ;
•
•
00
.30030
•
.
•
■*0*1-*
.»
e£
03*-t
rfs
«— to
*
£*30
•
CO f-t
8 • *
O
Receipts of Domestic Produce.
The receipts of domestic produce since January
for the same period of 1877, have been as follows:
.0*33
•
O --O
4, 1878, and
•
•
•
r* <
lo
TJ< t
’too* ‘e»
S
-tf
;tj*>
o* c-—
a* m
30
*^o
-
NO*N® O
— —
8
—CO
05 *0
OO.-*
00 00
Since
Jan. 1/78
Same
1877
Since
Jan.1/78
time
Ashes........ pkgs.
Pitch
bbis.
2,339
1,316
Breadstuffs—
Oil cake.... ,pki
Flour
bbis. 1,143,802
699,516 Oil, lard
bb
Wheat
bush. 12,340,758
556,36. Peanuts
bags.
Corn
“
5,951,725 1,552,815 Provisions—
Oats
“
Butter
1,767,462 1,615.985
pkgs.
Bye
705,896
Cheese
“
183,313
“
malt
Barley A
“
Cutmeats•*
1,619,071
883,603
Grass seed...bags
106,207
68,599
Eggs.“
Beans
bbis.
Pork
“
24,434
32,820
Peas
bush.
Beef
“
228,00
103,755
Corn meal. .bbis.
Lard
52,343
“
70,854
Cotton
bales.
Lard
268.352
329,031
kegs.
1493
Hemp
“
1,859 Rice
pkgs.
Hides
No.
*T
56,660
63,546 Starch
Hides
bales. \ 4f,22i)
“
4J,631 Stearine
Hops
bales.
33,06J
21,655 Sugar
bbis
Leather
sides. 1,168.935 1,069,249 Sugar........hhds.
Molasses
hhds.
250 Tallow
pkgs.
Molasses
bbis.
94^251
58,750 Tobacco..... ‘T
Msval 8tores—
Tobacco.. .hhds
Crude turp..hbls.
675
590 Whiskey
bbis.
Spirits turp “
14,210
12,716 Wool ......bales.
Borin.....
71.144 Dressed hogs..No,
85,953
Tir
u
8.8 <5
6,819
...
...
•.
**•*•»»»
Same
time 1877
584
735
133,111
74,133
3,7>0
S,93t
23,97c
36,449
231,789
164,478
262,332
63.928
32J,Pi9
157,0i7
6 »,l 45
467,773
171/80
110.031
28,356
349,00f
9,73(
8,70$
105,9 i 7
8,285
®
137.3.7
12,8-2
12,li 4
97,742
6,836
87
9,28«
27,394
11.221
as
—
:
•
5oB».r *—'<033" ’t—
£%
sr
®30z»g
*3
•
.s
J-*a>e***ao
l
.^i
2..
To
. co
*
'of ’
00
.
.
O —• QO
co —
5
,»-l
Ji,
S“S
«3>^r *
•
.
1
•
J
*
—
s
'
-o
ao
aO'tJt'*
**3©*<sf
*
.
1- ■?-«
o
s
«
*0
”
®
co OD ^
*C£3303oOc-^rTf' of <o*qo*os’
aj
« ®
9.928
56,140
—’
**ao
•
?
on
sss
30*
C4
*
J <a ao « an «
2
T-*. O —
••••• Jf
••
•
flQ®«®«aD®C)aD®
—u,
JgV
1000
:
;
§g2S»§-as-s
:gc
2205 *°
oil
2
JBt
52,249
51.632
N
«»
• »oc—
* o'o
s
20,952
8,677
— wo —
•« .0—«3O'—
O 2? "C
"* •ONO'*
‘ON
•• -30
••
—
3Oo
f' 03
35 i- 33 03
A -3 aV*^ci
®
*
«
as
15.004
380
38,4 1
20,007
52,858
11,876
19,769
St
*2
SOiio
•'^*0©
00
x? *00
0 *9?
*
/
®
£ 5 ej
•
m
tS
vo
^
•
a
;! :?3
's|33
*
J.
; d c*
j
s5lir I
[VQi* XXVI.
THE (CHRONICLE
W
Russell & Co.,
and
ship agents.
Canton, Amoy,
Shanghai and Hankow,
Bone Kong:.
-•
Jesup, Paton &
merchants
conunissio n
Miscellaneous.
and Brokers.
Bankers
Commercial Cards.
BANKERS,
Foochow,
Co.,
CHARCOAL
superior quality
suitable for MINING AND
HOISTING PURPOSES, indined Planes, Transmission
lof Potver, &c.
Also Gat*
STEEL
IRON of
New York.
52 William Street,
China.
R ope.
AND
ire
k
and Agency of Banks, Corporations,
individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends, also as transfer agents.
Bonds, blocks and securities bought and sold on
|vanned Charcoal and BBfor
Accounts
Rigging, Suspension
[ships’
Bridges, Derrick Guys,Ferry
firms and
Shanghai
Hong Kong &
Banking Corporation,
Hong Kong.
commission.
Sound railroad and
Head Office,
Represented by
POMEROY Jb., 106 Water St.,
S. W.
Funds
N. Y.
gages,
Charles E. Parker,
'
Ropes, &c.
A large stock
constantly on hand from
which any
municipal bonds negotiated.
Western farm mort¬
order.
R. T.
MASON
6c CO.,
York.
Broadway, New
43
collected.
Wilson & Co.,
W.
JOHN
carefully invested In
and the interest
desired length
cut. FLAT STEEL AND
IRON ROPES for Mining
purposes manufactured to
are
ITRIE RA II< W AY .-FORECLOSURE
COMMLSSION MERCHANTS,
Exchange Coart, New York.
BANKERS AND
J'SALE.—Sunreme Court of the State .of New York.
—THE FARMERS’ LOAN A TkUST COMPANY,
ERIE RAILWAY COMPANY
virtue of and pur¬
of foreclosure and
14 Exchange Place,
BOSTON.
sale, rendered aud entered at a Special Term of the
Post Office Box 2,634.
said Supreme Court in the above-entitled action, on
the seventh day of November, A. D. 1877, I, George
Ticknor Curtis, Referee, apnolnted tnerein to sell all
and singular the mortgaged premises, franchises
Olyphant
BUNKERS AND MERCHANTS,
and property, both real, personal and mixed, mention¬
ed in the complaint In this action and mentioned in.
41 CEDAR, COR. WILLIAM ST.,
COMMISSION MERCHANTS,
the said judgment and decree, being the same mort¬
New York.
gaged, or intend pd so to be, to the plaintiff, the
Farmers’ Loan & Tru t Company, by a mortgage bear¬
Kong Kong, Shanghai, Foochow and
on the fo rth day of February, A. D. 1874, do
Buy
and
Investment
sell Railroad
Securities. Col- ing dategive
Canton, China.
notice that on the twenty-fifth day of
hereby
ect Coupons and Dividends. Negotiate Loans and
March, in the year ls78, at 12 o’clock noon, at the
REPRESENTED BT
draw Bills of Exchange on London.
Merchants’ Exchange Salesroom, No. Ill Broadway,
in the City of New York, by Bernard Smyth, Auc¬
OLYPHANT 6c CO., of China,
Agents for the sale of STEEL RAILS made by the
tioneer, I shall proceed to seil and shall sell at public
auction, to the highest bidder, for cash, the following
104 Wall St., New York.
Cambria Iron Company,
described property: All and singular the railways of
JOHNSTOWN\ PENN.,
the said company, from ano IncludingPlermontOnthe
Hudson Mver to and including the final vtermlnu%of
AND THB
the said railway on Lake Erie, and the railway known
as the Newburg Branch, from Newburg to the main
Edgar Thompson Steel Co. (Limited), line; and also all that part of the railway designated
MANUFACTURERS OF
as the Buffalo Branch of the Erie Railway, extending
P1T1SBURGH, PENN
lrom Hornellsvilic to Attica, in the State of New
York; and also all other railways belonging to the
SUPE «-CARBONATE
All business relating to the Construction and Equip¬
company in the States of New York, Pennsylvania and
OF
New Jersey,or any of them, together with all the lands,
ment of Railroads undertaken.
tracks, lines, rails, bridges, ways, buildings, piers,
wharves, struc ures, erections, tences, walls, fixtures,
SODA.
franchises, privileges and rights of the said com¬
pany ; and also all the locomotives, engines, tenders,
No. 11
Old Mip, New York.
cars, carriages, tools, macnlneiy, manufactured or
BANKERS,
unmanufactured materials, coal, wood and supplies
The Jobbing Tiade ONLY Supplied.
of every kind belonging or appertain! g to the said
47 Wall Street, New York.
company; and all tolls, income, l-sues and profits
arising out of »ald property, and all rights to receive
or recover the same; also all the t staie, right, title
N.
T.
and interest, terms and remainder of terms, fran¬
AGENTS
FOR
chises, privileges and rights of action of whatsoever
name or nature. In law or In equity, conveyed ores*
?Wa«ikliigion .(-in*, < lucopce Mfg t o.,
Burlington Woolen to,,
signed unto the New York & Erie- ailroad Company,
Brooklyn
or unto the Erie Railway Company, by the Union
Fllerlon New MUR,
•Erie
Railroad Company, by the Buffalo New York
GAS
STOCKS,
Atlantic Co ton ITIills,
Railroad Company, by the Buffalo Bradford & Pitts¬
Saratoga Victor> xtlfg <'«„
burg Railroad Company, by the » ochester & Genesee
2 X
WALL
STREET.
and
Valley Railroad Company an 1 by the Long Dock
Hosiery.
and urawer«
Company; also all and singular the choses in action,
From Various Mills.
bills receivable
stocks, bonds, book accounts,
NKW YOBr.,
BOSTON,
and other evidences of indebtedness, leasehold es¬
A 45 White Street.
i^Chauno^y st.
tates, contracts and other property In the .said
PHJ.LADKLPlilA,
?&t
>'
/
judgment mentioned..
„
_
J W. DAYTON. 280 Chest not STREET.
Given under my hand at the City of New York, this
twenty-first day of January, A. D. 1878.
GEORGE TICKNOR CURTIS, Referee.
COMMISSION
MERCHANT,
2
J. S. Kennedy &
& Co.,
plaintiff, against THE
aND OTHERS, defendants.—By
suant to a judgment and decree
Co.,
John Dwight & Co.,
McKim Brothers & Co.,
\
'
E.R.Mudge,Sawyer&Co
Beers, Jr.,
Stocks,
_
George A. Clark & Bro.,
,
0.
COR. OF
BANKERS,
WALL STREET AND BROADWAY,
Tiansact a General
400
HKUX NEBDLEM.
BROADWAY, NEW YORK.
purchase and sale of STOCKS,
for cash or on a margin.
Investment
P.
Brinckerhoff, Turner
Manufacturers and
of
_ir^.
the
and place.
GEORGE TICKNOR
Tvbner, Lei & McClure,
the same hour
Jr.
«JT. LOUIS CITY
AND ALL
Insurance.
W. Tba^k
.
IN
S.
E.
6cOLAS8R8
COUNTY
BONDS.
OF
Bailey,
WAJLJL
65
STREET.
Dealings In
^
INVESTMENT & MISCELLANEOUS SECURITIES
Ref ers by permission to W. S. Nichols & Co.. Bankers
Referee.
Plaintiff’s Attorneys..
BOX 2,647.
O.
C. W.McLrllan.
CURTIS.
Insurance
Stocks
SPECIALTY.
Cash paid at once for the above Securities; or tuey
A
COTTON CANVAS, FELTING DUCK, CAR COVER
INC, BAGGING. RAVENS DUCK, SAIL TWINES
AC. “ ONTARIO ’ SEAMLESS BAGS,
«
AWN7NG STRIPES. *
supply all Widths and Colors always in
stock.
Dnsne Street.
will be sold on
A NOVEL
BY
RUTH
IN
United States Bunting Company.
HER MOTHER.
THE 1MAHE OF
Also, Agents
No. 109
GEOBGE TICKNOR CUKT18,
above-described property is hereby
adjourned to the twenty-fourth day of April, 1878, at
The sale of
Securities For Sale.
DRALRR
COTTONSAILDUCK
A flail
BONDS and GOLD
33 Wall
Dealers In
And all kinds
the
J. Alden
Gaylord,*
St., New York,
Co.,
&
A. M. Kidder.
York, was then and th> re adjourned to the
twenty-fifth d;.y of March, 1878, at the same hour and
New
*
Banking Business, Including
New Ysrk.
property hereto¬
fore advertised to take place ou the twenty-first day
of January, 1873, at 12 o’clock noon, at the Merchants*
Exchange Salesroom, No. Ill Broa .way, In theCity-of
place.
York.
New
HILWlfft’S
Lie & MoClurb,
Plaintiff’s Attorneys,
2u Nassau street.
The sale of the above-described
Turner,
Savannah
RUSTIC.
commission, at seller’s option.
ORGANIZED APRIL12T?
1842
THE
Weekly News
of Saturday, nth April, will be commenced
serial au* y with the above title, written by a
I
a new
lady ef
Savannah.
The WEEKLY NEWS is the *
LARGEST AND BEST
TJHE
/
<
>
munilo
■« u
;;
Tt is a complete newspaper, and contains the latest
gr_
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