The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MERCHANTS’
HUNT'S
MAGAZINE,
§«ttrsij*ape¥,
§ji
COMMERCIAL INTERESTS OF THE UNITED STATES.
(Entered, according to act of Congress, in the year 1880, by Wm, B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.J
REPRESENTING THE INDUSTRIAL AND
NO. 774.
SATURDAY, APRIL 24, 1880.
YOL. 30.
done, there is great danger of our State and city authori¬
ties becoming involved in their financial arrangements.
THE CHRONICLE.
For many years now these banks have submitted to
Taxing National Banks
419 I Latest Monetary and CommerThe Louisville & Nashville and
| cial Epglish News
423 extremely unjust exactions, which were gradually driving
its Competitors
420 Commercial and Miscellaneous
Life InsuranceProspects
425 bank capital out of the State. In the light of the late
422 | News
THE BANKERS’ GAZETTE.
decisions of the United States Supreme Court, it has
uotations of Stocks and Bonds 429
Money Market, U. S. Securi¬
York Local Securities
430 become their duty, and we believe is their determination,
ties, Railway Stocks, Foreign
Investments, and State, City
Exchange, New York City
hereafter to resist in all legal ways any effort to make them
and Corporation Finances... 431
Banks, etc
426
THE COMMERCIAL TIMES.
bear any more than their just proportion of the State and
Commercial Epitome
435 1 Dry Goods
442
Cotton
435 Imports, Receixits and Exports 443 city fiscal burdens. Hence if our city authorities attempt
Breadstufts
441 |
to enforce the present tax levy, we presume it will be
resisted, for it should be, and that will result in a very
considerable deficiency. Is it not far wiser to accept at
Oxromde.
CONTE NTS.
ew
The Commercial
and
....
Financial Chronicle is issued every Satur¬
the consequences of the decisions, and make pro¬
vision for them, rather than to dally with the subject
once
day morning, with the latest news up to midnight of Friday.
[Entered at tlie Post Office at New York, N. Y., as second-class longer ? We do not see where there is room for two
mail matter.]
opinions with regard to the proper course to pursue.
The important fact to be remembered and kept in
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE;
For One Year (including postage)
For Six Months
do
Annual subscription in London (including postage)
Sixmos.
do
do
do
$10
6
£2
1
20.
10.
7s.
8s.
Subscriptions will be continued until ordered stopped by a written
order, or at the jmblication office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office Money Orders.
London
Office.
The London office of the Chronicle is
at No. 5 Austin Friars, Old Broad
Street, wliere subscriptions will be taken
at the prices above named.
Advertisements.
Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made.
Special Notices in Banking and Financial
^pts per line, each insertion.
column e.
DANA,
)
FLOYD, JR. 3
■WILLIAM B.
JOHN G.
A neat file cover is
WILLIAM B. DANA & CO., Publishers,
79 & 81 William Street, NEW YORK.
Post Officb Box 4592.
furnished at 50 cents; postage on the same is
at $1 20.
complete set of the Commercial and
cle—July, 1865, to date—or Hunt’s Merchants’
1871, inquire at the office.
18 cents.
Volumes bound for subscribers
For a
Financial Chroni¬
Magazine, 1839 to
TAXING NATIONAL BANKS,
Daring the past week a very important bill has quietly
passed the Senate and Assembly at Albany, and been
signed by the Governor. Those who criticise the dilatory
movements of our legislators will find no reason to com¬
plain in this case. The act we refer to is one, which in
a
very few words, extends to the shareholdersjin State
banks the same exemptions from taxation enjoyed by
national banks ; in other words, it puts all banking
institutions in the State on an equality with respect to
This is a very just measure,
assessments and taxation.
and seemed to be accepted as such readily by almost
every one, and hence excited but little opposition, and
required but little pushing.
But the passage of that act cannot fail to suggest the
propriety, and in fact the necessity, of our Legislature
coming to a speedy and wise conclusion with regard to
the general subject of bank taxation.^Unless this^is.
during all this discussion is, that States cannot
impose,any burden upon the capital or shares of a
mind
authorized it.
in the McCulloch case, and is
of the utmost importance in this discussion, as it makes
every tax utterly void unless laid in the precise manner
the statute directs, that is, unless it is kept strictly
within the authority. If then we desire to reach a cor¬
rect conclusion with regard to this matter, we must not
let this principle out of our sight for a moment, for,
as we stated, the authorization must be accepted, if at
all, in the very form of the statute; that is to say, in any
system of taxation under it, the meaning and intent of
national bank
This
was
except as Congress has
settled long ago
each word must be studied and
the statute fails to be
conformed to, and where
explicit the authority cannot be
implied.
thought which will help us in
attempting to reach a correct interpretation of the
provision in question, and it is this. Congress had a
purpose in not granting to the States full authority and
power to tax banks; that purpose was to reserve to
itself, or get out of the banks by taxation for the
Then there is another
of what it thought the
the general government
taxes their circulation, taxes their capital, and finally taxes
their deposits. This point is of great importance in this
discussion, as it helps us to understand the intent of Con¬
gress in using the very limited and guarded expressions
by which it conveys to the States power to tax; it
intended to reserve that source of revenue for itself.
Keeping in mind then that intent, and also the previous
thought that the States would have no right to tax at
all, and even now have none, except to the extent and
national government, the bulk
banks could pay; consequently,
r
rHE
420
CHRONICLE.
Congress has granted it, one will be in a
position to interpret the statute in question.
But that is not our purpose to-day. We only sought
to make a few suggestions which might possibly serve as
helps to that end. In reading the section itself however,
we think any one would be impressed with the fact of
its being very loosely worded.
In the first place, it does
not start off by providing in clear and positive terms that
all States are authorized to tax, &c.”, but simply
begins, “ nothing herein shall 'prevent all the shares * *
from being included, &c.” This is certainly a very
unusual way of granting authority for any act, and if
it were an original question it would seem as if a very
plausible argument could be made whether any author¬
ity at all to tax passes by the provision. At least this
portion of the section grants no such authority; for how
can it be said that the statute itself in any way “ prevents”
'State taxation. It is not the statute that prevents it, but
simply a rule of law which has its existence outside of
the statute entirely, and which is to the effect that a
bank formed under this or any other United States stat¬
ute cannot be taxed unless Congress authorizes it.
But
leaving that question (on the supposition that the sub¬
sequent clause cures the defect) this form of authoriza¬
tion has importance, in view of the subsequent portions
of the section. That we may have them before us, we
give the important parts of the provision, although we
have often quoted it entire before.
In the way
„
“
“
Nothing herein shall prevent all the
shares in any associa¬
property
tion from being included in the valuation of personal
of the owner or holder of such shares, in assessing
taxes im¬
posed by the authority of the State within which the associa¬
tion is located * * * subject only to the two restrictions,
that taxation shall not be at a greater rate than is assessed upon
£
other moneyed capital in the hands of individual citizens of
such State, and that the shares of any national banking asso-.
ciation, owned by non-residents of any State, shall
the city or town where the bank is located, and not
be taxed in
elsewhere.”
tell, after reading the above, how shares of
a non-resident (whether resident of another State or of any
foreign country) can be “ included in the valuation of the
personal property of the owner,” and whether (if accord¬
ing to the last decision debts can in each case be de¬
ducted) debts can again be deducted here which have
once been deducted in making up the owner’s personal
assessment in his own State or country.
Furthermore
is it entirely clear that the State by this act or any other
act can acquire the right to tax, and, if unpaid,
confiscate, the shares of a foreign holder of stock
who is a resident of another State or of a foreign coun
try ? To be sure the provision in terms attempts to cover
the case of shareholders who are “ non-residents of any
State.”
Without stopping to consider the peculi¬
arity and indefiniteness of that expression, it is well
Can any one
to
determine
whether the
United
States
has the
to grant to this State jurisdiction over the
property of a resident of London or New Haven.
power
Or if
even
come
to
debts,
or
that is
possible,
New York to
it force such resident to
take oath with regard to his
can
if he does not come, can it estop him from
proving them subsequently, and confiscate his property
as a penalty ?
These are but a few suggestions on this one branch
of the subject and we have not space for more
to-day. The general principle which the late
decisions
seem
to
national bank shares
established is that no
be assessed or valued at a
have
can
higher value than other moneyed capital. This has a
very broad application, and whether our present tax
levy can stand the test of such an adjudication is the
question for our city authorities to decide.
fV0L.
LOUISVILLE
THE
&
XXX.
NASHVILLE AND
ITS
COMPETITORS.
unexpected decline and subsequent fluctuations in
the price of Louisville & Nashville stock the past week,
have been a subject of much comment. It is now gener¬
ally admitted that the sudden drop of Saturday last was
the work of parties wishing to demoralize the general
The
market and who
were
assisted in their attack on this road
by the fact that the company’s property in this city had
a suit for damages, and by the report,
current at the time, that the Chicago St. Louis & New
Orleans had determined to bring its lines into connection
with the Cincinnati Southern and form a competitor
to the Louisville & Nashville for New Orleans and Mo¬
bile traffic. The suit for damages may be dismissed as
unimportant, but the rumor about the intention of the
Chicago St. Louis & New Orleans to enter territory now
exclusively occupied by the Louisville & Nashville has
attracted such general notice that it may be well to recall
been attached in
mind the progress the Louisville & Nashville has
made during the last few months in development of its
to
situation it holds with relation to other
through the Southern States.
Only a .short time ago the Louisville & Nashville
system and the
roads
could have been described with
tolerable
accuracy as
line extending from Louisville to Memphis in
one direction, and from Louisville through Nashville to
Montgomery, Ala., in another direction. During the
last few months, as our readers know, decided changes
have taken place in the system; but the actual demon¬
stration of the strength of its position came suddenly,
and for the reason that, while it was pushing southward
and reaching out for the leading Gulf ports, the Nash¬
ville Chattanooga & St. Louis, its sharp and active little
rival, was seeking control of the outlets to the Ocean,
simply
a
with
extension
an
on
the north to St. Louis.
This close
competition which had existed, and which these
ments
indicated
was
to be
carried
develop¬
on even more
sharply
prevented the public from fully appreci¬
ating what was being done until the rivalry was abso¬
lutely terminated in the early part of the present year
by the Louisville & Nashville absorbing its competitor.
This combination, together with the arrangement per¬
fected last week with the Georgia railroads, prevents
any rivalry, aud secures to the Louisville & Nashville
all that the Nashville Chattanooga & St. Louis sought
in its individual capacity before passing into the hands
of the present owners—namely, outlets to the sea from
V
the West.
Briefly speaking, then, the Louisville '<& Nashville sys¬
tem, as it now exists, including roads owned and con¬
trolled, extends from St. Louis, Louisville, Evansville,
Hickman, and Memphis, to New Orleans, Mobile, Pensa¬
cola, and Savannah, and touches such important points
as Nashville, Chattanooga, Selma,
Montgomery, Eufaula, Columbus, Macon, Atlanta, and Augusta.
In
addition to this, it may also be said to have virtual con¬
trol over the lines that afford outlets to Brunswick, Port
Royal, Charleston, and Wilmington. In the case of
Brunswick, this is so because the Louisville & Nashville
controls all the Macon & Brunswick’s connections at
Macon; and in the case of Port Royal, Charleston, and
Wilmington, because the roads to those pdrts all
run out of Augusta, where,
again, the * Louisville &
In other
Nashville controls all the connections.
words, by this system all the leading seaports
from New Orleans on the Gulf, to Wilmington on
the Atlantic Ocean, are reached; At some interior
in the future,
.
jT
Afbil 24,
1880.J
THE OHBONIOLE.
centring in the place is under its
direction. This is notably so at Nashville and Mont¬
gomery. It should also be stated that the Louisville
New Albany & Chicago, from New Albany to Michi¬
gan City, is supposed to be managed in the interest of
points every line
seeing the necessity of the connection to its system*,
bought the charter of the Georgia Western, and failing
in its efforts to secure the Western & Atlantic would
have built a road from Atlanta westward to a point on
its Alabama lines.
It is difficult to see what measures the Cincinnati
& Nashville, thus bringing the system to
Southern can take to counteract these recent movements.
within 57 miles of Chicago.
As stated above, the control of the Western & Atlantic
It is not to be wondered at that a combination so vast
gives the Louisville & Nashville the key to the entire
as this should excite jealousy, and give rise to schemes
situation. There seems no remedy against this except
for the formation of opposition lines.
The Louisville &
the building of a new line, and there is not much likeli¬
Nashville has its headquarters at Louisville, and, of
hood of that just now.
As respects, therefore, through
course, seeks to bring all its business to that city. Before
traffic to points in Georgia, South and North Carolina,
the Nashville Chattanooga & St. Louis passed into the
the Cincinnati Southern will, for the present, be as much
hands of the Louisville & Nashville, and while the
at the mercy of the Louisville & Nashville as it ever
former was looking toward the sea coast for outlets,
was.
In regard to connections with Mobile and New
Nashville held a more prominent place, and had the
Orleans, the problem is less difficult of solution.promise of increasing its importance as a railroad centre. At a meeting of the Cincinnati Chamber of Com¬
Consequently, the people of that city have regarded with
the Louisville
weeks ago, it was suggested that
city buy the Selma Rome & Dalton road, which
is shortly to be sold at foreclosure sale.
Possessing:
that road it would not need a great many additional
miles to bring it in connection with the Cincinnati
Southern at Chattanooga, and, if purchased, would
extend the Cincinnati Southern to Selma, Ala.. Here
however at present it would have to stop.
The
Pensacola & Selma
(formerly Selma & Gulf) would
have answered very well for connection with the
Gulf, although at present this road is completed only as
far as Pineapple, forty miles.
But some time ago this
very piece of road was purchased by the Louisville &
Nashville ; yet it does not come in contact with that
system at all, and last week the Louisville & Nashville
felt compelled to lease that part of the Western Railroad
of Alabama, lying between Selma and Montgomery, to
bring this little bit of road into connection with its lines*
There is one other road running out of Selma which
might answer the same purpose of extension south for
the Cincinnati Southern. We refer to the New Orleans &
Selma, completed for twenty-one miles from Selma. We
are of the opinion, however, that it also is either already
energetic, wide-awake man would have been placed at controlled
by the Louisville & Nashville or is in the way
the head, and he would not have waited for the com¬
of their road into the con¬
trol of the Louisville & Nashville. Indeed, mutterings
have been heard of legislative interference, and threats
made that in some way or other the road would be
recovered. It is impossible to say just what this talk
will amount to in the end; but time, which heals all
things, will no doubt remove much of the ill feeling.
Cincinnati, too, is anxious to secure some of the South¬
ern trade.
It was with this end in view that it author¬
ized the construction of the Cincinnati Southern some
eleven years ago, and began work on it some four years
later.
The road is very favorably located, being almost
an
air line between Cincinnati and Chattanooga. It
was
supposed that when completed, Cincinnati
would be placed in a very good
position as
respects traffic to and from Southern points.
But
in this calculation the factor of possible opposition
was entirely ignored.
The citizens of Cincinnati now
awake to find the connections on the South, which they
thought would be at their command, in the possession of
their Louisville neighbor. If private capital had been
engaged in building the Cincinnati line, some shrewd,
much disfavor the passage
pletion of the road to apprise
him of the fact that the
merce,
some
the
to
be.
But the most feasible plan yet suggested for bring¬
road itself.
least equal ing the Cincinnati Southern in connection with New
Orleans and Mobile is that mentioned in the beginning
advantages for his company with those of his rival, and
of this article. It is the building of a branch by the Chica¬
a line offering a key to the entire
railroad situation of
the South would never have been allowed to pass into go St. Louis & New Orleans from Jackson to Nashville,,
and another by the Cincinnati Southern from Nashville to
the exclusive possession of an antagonist. But when such
Danville, on its main line. We do not know what truth
an enterprise is in the hands of a practically irresponsible
there may be in the second part of this statement, but
body, with no accountable head—accountable in the sense we have it on official authority that some prospecting
that the head of a corporation is to the directors and its
has been done on the line between Jackson and Nash¬
stockholders—celerity of action, unity of purpose, and
wise management, are lost, and an undertaking which ville, so that it is not unlikely that progress will be?
made in this direction before long. The Chicago Su
might otherwise have been turned to much advantage
Louis & New Orleans is- said to be spurred on to this
remains for the time being merely local in its character
by the loss of New Orleans business that formerly came
and limited in its scope.
to it from Nashville over the Nashville Chattanooga &
Contrast with this the action in one recent event
St. Louis. The benefits that would accrue to the Chic.
of a road managed by its own stockholders and officers.
St. Louis & New Orleans from such a line are undoubted,
There seemed a possibility that the Western & At¬
even though the Cincinnati Southern should not build its
lantic, from Chattanooga to Atlanta, which at the
latter point connects not only with the railroad system portion. The road would traverse a rich section, and
would besides command a large traffic at Nashville, to
of Georgia, but (by virtue of the fact that the moun¬
the detriment of the Louisville & Nashville.
And if
tain range forming the boundary line between Ten¬
the Cincinnati Southern should build the section be¬
nessee and North Carolina has not yet been crossed
tween Nashville and Danville, the benefits to the Chic.
by any railroad) with the entire network of railroads in
St. Louis & New Orleans, and loss to the Louisville <fc
South and North Carolina—there seemed a possibility
Jackson is a
that this road would fail to come into the Louisville & Nashville, would be even more marked.
Nashville combination. The Louisville & Nashville, point where the Mobile & Ohio and the Chic. St. Louis
connections were more essential than the
He would have taken measures to secure at
422
THE CHRONICLE.
So New Orleans intersect, and consequently the Cincin¬ from the
nati Southern would get outlets to both New Orleans year.
and Mobile.
These routes would, moreover, be much
shorter than the corresponding ones of the Louisville & Years.
[VOL. XXX,
amount
outstanding at the close of the previous
Nett) York
Companies.
Insurance in
force.
Nashville.
Altogether, then, it
probable that the Louisville
So Nashville will lose some business through the opening
of the Cincinnati Southern to
Chattanooga—or rather to
Boyce’s Station, 5 miles from Chattanooga—though it is
not yet possible to estimate the extent of
this, as the
road has been in operation only
a few weeks. As stated
above, however, for points below Chattanooga the roads
controlled by the Louisville & Nashville will have to be
used. It also seems likely that the Louisville & Nash¬
ville will suffer from the proposed line to Nashville.
This is prospective, yet the
managers of the Illinois
Central (which owns the Chicago St. Louis & New
Orleans) have displayed rare business tact in the man¬
agement of their property, and will construct the line
without much talk if it commends itself to their
judgseems
1861
1862
1863
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
*
Ratio
of
increase.
$85,371,500
18-3
86,134,100
0-9
17
101.474,000
140,628.400
194,819 300
289,846.300
38-8
38*7
437,556,700
48*9
51*1
612,729,400
40 0
795.509,700
300
18-7
100
1*9
*0*7
-008
*4-6
*0-6
*142
‘8-6
*3-8
11*9
944,744,800
1,039,662,500
1,059,593,400
1,051,970,800
1,051,099,300
1,002.994,600
966,725,900
857,036,500
782,895.500
753,094,100
730,648,500
Other State Companies.
Insurance in
force.
Ratio
of
increase.
$78,331,900
11-4
*0‘3
82,488,500
127,030,200
5*5
54*4
580
450
460
28*9
31*1
21*7
126
5*8
78 121,900
200,083,700
291,035,900
427,549,000
549,008,300
733,474,900
891,873,000
984,222,400
1.041,868,400
1,062,771,700
1,034,927,800
994,241,600
955,317,100
878,958,600
773,209,700
727,827,100
709,312,700
20
*2-6
*3 9
*39
*8-7
*120
*5*9
*2-6
Decrease.
The apparent
umn is
really an
decrease in 1879 in the left-hand col¬
increase of about 8£ millions, for the
amounts outstanding in three
companies not included in
the figures for 1879 should first be deducted from those
me it, as seems probable.
But as the Louisville So- Nash¬ for 1878 before
making the comparison. In the above
ville system is now so vast and covers so wide a
range table we have not been at the pains to exclude the
many
of territory, there seems fair reason to
suppose that it companies which have fallen by the
way, the purpose
may be able to make good these losses and show progress
being only to show how the tide of all insurance—good,
besides.
bad
and
indifferent—has
ebbed
and
flowed.
The"
retired
LIFE
INSURANCE
PROSPECTS.
The official status of the Insurance Department in this
State has been settled by the confirmation of Mr. Fairof
Elmira, a newspaper editor. The worst that can be
said of this appointment, as of that of Mr.
Hepburn to
be Superintendent of Banking, is, that the new incumbent
man
selected because of his fitness for the situation.
The latter appointment involved the
setting aside an
was not
acting official who already has experience, besides having
proved himself active, competent, and honest; the other
overlooked the just claims of a
deputy who has done
(and was the only official connected with the Depart¬
ment capable of doing it) the real insurance work.
Still,
no evidence of
positive unfitness appears yet in either
case.
Only a very extraordinary man, however, can
cleanse the Insurance Department after the last incum¬
bent, and we still deem it better for the public interests
and the State’s reputation to reform that office
by
abolishing it; but we will live in hope, and there is at
least the certainty that any change in administration of
it must be an improvement.
The new Superintendent, however, has in some
respects
an unusual
opportunity to distinguish himself, if he pos¬
sesses such an honorable
ambition, for not only does the
past official term offer a background against which his
work may shine, but the improvement in at least one
branch of insurance has
begun. The following schedule
—confined to Life companies now in existence and active
operation—giving the number which went forward or
backward respectively, as respects volume of outstand¬
ing business, during the last ten years, is suggestive.
Xcw York Co.’s.
Years.
Forward. Backtcard.
1870
1871
1872
1873
1874
1875
8
6
11
10
4
4
2
1876
1877
1878
1879
The
o
0
6
4
6
1
2
8
8
10
10
12
6
’
following shows the
Other State Co.’s.
Years.
Forward. Backward.
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
amounts of
18
13
15
12
12
companies of this State, however, took
millions, which, is rather more than
one-half
the
total
net
decay since 1870. The
figures show that in the companies of this State there
was some
progress made in 1879, and although the like
experience did not befall those of other States, the
decline, both absolutely and relatively, was less than
one-half what it was in 1878. The first
table, confined
to present companies, is still more
interesting, showing
at a glance how
increasingly powerful was the back¬
ward drag which, in 1878,
brought the companies to a
halt in respect to growth, and also the fact that reaction
has begun.
Of the 12 New York companies reported,
9 show a gain in issues over 1878
; of the 18 others, 7
show such a gain. As to terminations, the
proportion
of such by surrenders and
lapses, which increased from
65 per cent (then
already far too large) in 1S73 to 77 in
1876 and 1877, in the companies of
this State, declined
to 76 in 1878 and to 67 in 1879
; in those of other
States, the proportion of terminations by these methods
was at its
highest in 1876 (67 per cent), was 57 in 1878
about 165
out
1
4
7
7
and 51 last year.
■. The business is
by
fully purged of all its
management—its working expenses are still too
high, and its competition too eager in disposition and too
elastic in methods. As activity
returns, for example,
these methods extend, in some cases, to a revival of the
old warfare between companies and
agents—a practice
beneficial only to the journals which
publish the matter
and the writers who
prepare it.
Nobody ever built up
a
very substantial business by assaults upon competitors,
and it is time these methods
gave place to wiser and
less heated ones.
Nevertheless, the healthy condition
of life insurance companies in
general may be admitted
unreservedly, and with much satisfaction. As a busi¬
ness, it has proved its stability and its place.
The
former must be deemed
impregnable, as far as human
foresight can go, after having survived so severe a test;
errors
no means
of
10
Q
5
2
1
6
1 4
1 7
1 ft
the latter will last while uncertainties and
13
are
a
part of human life.
inequalities
The most wholesome and
policies in force, effectual corrective of errors in life insurance practice
1860-’79, in all com¬ will be to pay very little regard to State supervision and
panies doing business in this State, together with the
certificates, and no more to the representations of agents
percentage of increase or decrease, during each year, than they are
clearly warranted in receiving—-the more
at the end of each
of the 20 years
April
THE
24, If80.j
423
CHRONICLE
expected to arise. There is still much to be said in favotf
improved trade, and each week seems to indicate that de¬
trust—and to use one’s own business judgment in
velopments are taking place. Cheap food (a high price for
making a selection. That the selection, made after butchers’ meat being the principal exception), cheap money, a
careful use of the best facilities the insurance buyer can very moderate rate of wages, fine weather, and a brighter
find for forming an opinion of his own, will be unwise political prospect, are obviously all favorable to a more extended
is less likely than that his business will be taken to the commerce. They are, in fact, the necessities of a good trade,
and there is consequently no reason why business should not
best companies if he depends upon the chance that
become active and remunerative. It will be a decidedly satis¬
representatives of such companies will be the first to factory feature if the present value of money is maintained, as
seek him out.
it will show that, among other causes, ample evidence exists
of the improved condition of our commerce. The following are
©nramcvjcial gngUsIi
the present quotations for money :
moderate
they
are,
by the
way,
the
more
worthy of
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
Aprtl 0.
Rate.
Time.
On-
Short.
3 mos.
Paris
Paris
a
Antwerp....
25 25
@25-30
25*42 ^@25*47 *2
25* 4725*52 ^
Amsterdam. 3 mos. I2*37s
Amsterdam. Short. 12*112
3 mos. 20-61
Berlin
*4
2061
Frankfort...
<<
20-61
Hamburg
u
12-5
Vienna
...
44
St.Pelersb’rg
Calcutta
••
•
•
••
•
•
Is.
1 s.
44
....
Hong Kong..
Shanghai....
@20-65
@20-65
@20-65
@1210
24%@2478
477e@48
48ife@4814
529ifi@52uift
44
Madrid
44
Cadiz
90 days
Lisbon
Alexandria..
New York...
Bombay .... 30 days
-
@12*438
@12-212
44
44
8d.
8d.
EXCHANGE ON LONDON.
it
are
of
an
Per cent.
Bank rate
3
Open-market rates—
30 and 60 days’bills.....
2*2
Per cent.
4 months’ bank bills
25s @2%
6 months’ bank bills
27g@3
4 & 6 months’ trade bills. 3
/&3lz
2%
3 mouths’ bills
The rates of interest allowed
Latest
Date.
Time.
Rate.
April
9 Short.
25-29
April
April
P Short.
b Short.
25*23
12-09
April
Abril
April
April
April
9 Short.
April
April
April
April
1
9 3
mos.
20-50
20-44
20-46
11-87
3
mos.
25%
7 3 mos.
8 Short.
9 4 mos
9
9
9
96
*4
9
8
44
by the joint-stock banks and
discount houses for deposits are subjoined:
Per cent.
Joint-stock bauks
Discount houses at call
Do
with 7
“
44
44
4-85%
Is.
Is.
3s.
5s.
8%d.
8%d.
9%d.
Ii4d.
or
14 days’notice
London, Saturday, April 10, 1880.
21&
statement showing the present
position of the
England, the B;tnk rate of discount, the price of Con¬
sols. the average quotation for English wheat, the price of
Middling Upland cotton, and the Bankers’ Clearing-House
return, compared with the three previous years :
Annexed is
a
Bank of
-
1879.,
1878.
1877.
Circulation,excluding
£
£
£
Bauk post bills,... 27,355,400 29,928,400 27,828,595
Public deposits
8,142,114
7,053,820
7,110,105
Other deposi's
26,641,970 30,650,572 23,333,043
Go verum’t securities. 16.947,679 14,906,801
16,556.488
Other securities
19,859*661 22,159,108 21,622,853
Res’ve of notes & coin 15,942,436 18,662,199 10,231,309
Coin
[From our own correspondent. 1
2
2
.-
1880.
3s. 7i2d.@3 7%
April
4s. lli2d.-4 11% April
The elections held
Open-market rates—
and
£
28,560,345
6,835,131
22,430,616
15,319,338
19,514,925
12,418,314
bullion in
both departments..
Bank rate
23,297,896
3 p. c.
33,490,659 23,159,904
2
p. c.
3 p.
c.
25,984,659
2 p. c.
OS1^
93
95
96
Eng. wheat, av. price
49s. 4d.
Clearing Houseret’n. 134,899,000
40s. lid.
50s. Od.
51a. 5d.
97,202,000
Consols
99,709,000 97,000,000
during the week make it certain that the
Opposition will succeed to power with a good working majority.
The following are the current rates of discount at the prinThis is very satisfactory, as it would have been unfortunate if
eipal foreign centres:
party power had been so evenly balanced as to make the work
Bank
Bank
Open
Open
of governing a difficult process. No such difficulty is now
market.
rate.
rate.
market.
Pr.
Pr. ot.
Pr. et.
ct.
Pr. ct.
apprehended, and as many important problems have been Paris
4
2
@2is Vienna
212
358@378
St. Petersburg...
3
2% @3
5%@6ii
6
solved during the past six years, the Liberal party will be able Amsterdam...
3 @3% Madrid, Cadiz &
Brussels
312
to devote their energies to the inauguration of those domestic Berlin
4 *@5
Barcelona
4
4
238@25s
4
2%@2i2 Lisbon & Oporto.
5ia@6
6
reforms for which the country is becoming anxious. We shall Hamburg
4 @4i*
4
23fl @2®8 Copenhagen
Frankfort
4@4i*
New York
4
4
also see, in all probability, the work of Parliament conducted Genoa
53a@6f1e
Calcutta
6
4
3i2@4
Geneva
with more fairness and with greater facility.
The acrimony
This week’s Bank return shows changes due principally to
displayed on many occasions of late years has been very offen¬
sive to many who hold a high opinion as to the dignity of the the payment of the dividends and the repayment of advances.
great council of the nation, and Liberal statesmen desire, now There is a decrease of £3,855,872 in the Treasury balances and
that a victory has been gained, that the past should be forgot¬ of £2,825,231 in “ other securities.” Notes and coin, in conse¬
ten, and the present and future should form the subject of quence of the dividend payments, have been taken out of the
legislation. The country need not apprehend that the Con¬ Bank, and there is a decrease of £779,846 in the total reserve.
servatives will form themselves into a factious opposition; but In consequence of the diminished liabilities of the Bank, the
it is a satisfactory feature that the party will be strong enough proportion of reserve to them has increased from 43*90 to 45*40
to criticise the work of Government, and that measures of per cent.
Tenders were received at the Bank of England on Monday for
importance are not likely to be passed before they have been
fully considered. It is very generally hoped that the Govern¬ £1,695,000 in Treasury bills, and the amounts allotted were as
ment will not wait for, or court, an adverse vote, but that the follows : In bills at three months, £1,150,000 ; do. at six months,
Prime Minister, as soon as the elections are over, will place his £545,000 ; tenders for bills at three months at £99 8s. 5d. and
resignation in the hands of the Queen, and advise her as to the above received in full, and for bills at six months at £98 14sv7d.
course to pursue.
This is obviously the plainer and more dig¬ about 70 per cent; all above in full. The rate of discount for
nified course to adopt, and some weeks of valuable time will be three months’ bills is therefore 2 5-16 per cent, and on longersaved. The probability is that Lord Granville will be called dated paper 2% per cent. *
The brokers and dealers on the Stock Exchange who protested
upon to form a Ministry and that Lord Hartington will lead
the House of Commons.
In what way Mr. Gladstone’s eminent at the end of February against the arrangements contemplated
services will be acknowledged is a question of some difficulty. in the case of the Atlantic Mississippi & Ohio Railway now inti¬
His proper place should be as Prime Minister, but he has mate that their protest has been withdrawn, “ in view of the
expressed a desire to be excluded from office, and to act as an “present arrangements for the harmonious fusion of all in¬
independent member. If he adheres to this determination, the terests.”
work of forming a Ministry will soon be accomplished, as a
Tenders were received yesterday at the Queensland National
Bank (Limited) for £2,000,000 Queensland four per cent deben¬
subordinate position could scarcely be acceptable to him.
There has been a moderate inquiry for money during the tures, and the total applications amounted to £5,887,000. Ten¬
week, but the open market rates of discount are ^ per cent ders at and above £90 6s. 6d. received allotments in full, and
below the official rate, which remains at 3 per cent. The divi¬ those at £90 6s. about 2^ per cent.
dends on the public funds have been distributed, and the Bank
There is a moderate demand for gold for export, but it is
of England has been repaid the advances made by it in anticipa¬ chiefly for Spain and India. The Continental exchanges are in
tion of them. Although the money market is likely to rule easy our favor, and there is no present tendency for gold to move in
during the next few weeks, there is still no reason to believe in the direction of any particular centre. Yesterday and to-day,
any return of that depression which has been its peculiarity for however, there has been very little inquiry, and a small supply
several summers past. There is evidently a more general de¬ has been sent into the Bank. The silver market has been quiet,
mand for money, and increasing means for the employment of and prices are somewhat easier to-day. In Mexican dollars no
...
.
..
...
...
...
...
...
...
THE CHRONICLE
4*24
gold, fine
per oz.
gold, containing 20 dwts. silver, per oz.
Spanish doubloons
standard.
standard.
South American doubloons
United States gold coin
German gdld coin
per oz.
per oz.
per oz.
per oz.
e.
77
®
77 10*2®
74 6 ®
73 9 ®
76 3^®
76 314®
Cwt.
standard, last price.
gold.per oz. standard,
do
0
52 ^
Od.
Quicksilver, £6 15s.
6,438,737
Total
Annexed is
®
®
a
return
1878-79.
Cwt.
1877-78.
583,106
201,195
1,002,085
2,650,044
1,906,132
186,310
1,215,941
1,534,898
636,245
778,801
1,119,409
146,890
911,515
4,836,596
5,355,872
3,592,860
1876-77.
Cwt.
Cwt.
667,544
245,215
showing the estimated value of the
imports of cereal produce into the United Kingdom during the
first seven months of the season, viz., from September to
March, inclusive:
56*4 ®
511* ®
®
per oz
Discount, 3 per cent.
per oz.
per oz.
Chilian dollars
191,720
France
United States.... 4,316,448
Brit. N. America
255,888
Other countries.. 1,050,645
d.
52*2
624,036
Germany
d.
75
d.
SILVER.
per oz.
d.
9
8.
Bar
Bar
5 grs.
1879-8Q.
From—
GOLD.
Bar silver, fine
Bar silver, contain’g
Cake silver
Mexican dollars
FLOUR.
The following are the present quota¬
•change has taken place.
tions for bullion:
[V<*. XXX.
1878-79.
1879-80.
The stock markets have been rather quiet during the week,
but the tone has on the whole been firm. The railway traffic
returns have been somewhat disappointing, but the value of
stocks has, in most cases, been maintained, as sanguine views
are still held with regard to the future of railway property.
Wheat
£20,628,564
Barley
4,613,807
Oats
Peas
Beans
Indian
Flour
2,841,030
531,542
660,850
4,114,908
,
2,890,769
4,033,071
5,421,444
£38,812,125
£27,607,068
corn..
Total....
£20,851,219
2,079,534
323,182
265,905
4,636,305
3,903,082
1876-77.
1877-78.
£13,508,291
£11,443,890
3,333,357
2,338,736
440,131
834,650
5.867,833
4,926,937
£39,292,577
2,534,391
338,256
1,051,063
5,727,867
•
2,981,456
£27,410,280
Foreign government securities have attracted attention, and
The increase this season, compared with last season, is as
Egyptian bonds especially have been in request, at advanc¬ much therefore as £11,200,000, but there is a small diminution
ing prices. There has also been a fair degree of activity in the compared with 1877-78.
The Board of Trade returns for March and for the first quarter
market for American railroad bonds.
of the year have been issued to- day, and they aflford satisfac¬
The weather being favorable in most parts of the world for
tory evidence of the improving condition of our trade. The
the growing crops, and there being the promise of an early following are the principal figures:
1878.
1879.
1880.
harvest in some localities, the wheat trade has been dull, and
Imports in March
£33,168’,660 £29,840,600 £37,633.944
foreign wheat is quoted lower. English wheat is still in very Imports in 3 months
95,953,793
84,868,726 103,257,879
18,852,050
16,756,397
16,170,518
short supply, and sound parcels have changed hands at former Exports in March
Exports in 3 months
47,060,628
43,080,105
52,269,616
prices. The weather has been very favorable for the farming
The following figures relate to the three months ended
interests, though it has again become somewhat cold. Vegeta¬ March 31:
IMPORTS.
tion progresses satisfactorily, and a sanguine view is still enter¬
1878. *
1879.
1880.
Cotton....
cwt.
4.618,390
4,292,299
4,306,342
tained regarding the future.
EXPORTS.
1878.
1880.
1879.
During the week ended April 3, the sales of home-grown
cwt.
397,293
430,880
299,569
wheat in the 150 principal markets bf England and Wales Cotton
Cotton yarn
50,818,500
lbs.
56,761,300
48,076,000
amounted to 24,608 quarters, against 43,856 quarters last Cotton piece goods
yards. 920,902,400 863,545,700 1,060,056,900
Iron and steel
tons.
486,506
499,100
927,536
year; and it is estimated that in the whole kingdom they were Linen yarn
lbs.
5,302,000
4,443,500
3,459,300
piece goods
50,441,150
46,301,800
yards.
53,339,400
98,500 quarters, against 175,500 quarters in 1879.
Since Linen
Jute manufactures
yards.
27,197,400
33,094,500
44,611,900
harvest the sales in the 150 principal markets have been Silk manufactures
£
453,171
472,810
482,028
British wool
lbs.
1,426,100
1,271,100
7,378,500
972,913 quarters, against 1,704,800 quarters; while since harvest Colonial and foreign
32,405,297
51,650,791
wool.lbs.
52,205,500
6,239,700
it is computed that they have been 3,891,700 quarters, against Woolen yarn
lbs.
7,325,400
7,619,800
Woolen cloths
yards.
10,907,000
10,189,700
11,088,300
6,819,200 quarters in the corresponding period of last season. Worsted stuffs
....yards.
54,611,000
58,455,900
62,939,000
1,528,100
1,446,700
1,550,300
Without reckoning the supplies furnished ex-granary at the Blankets & blanketing..yds.
Flannels
1,212,400
yards.
1,395,300
1,299,600
commencement of the season, it is computed that the following Carpets
yards^
1,569,900
1,523,100
2,047,200
The
were
the
of
manufactured
following
quantities
cotton
quantities of wheat and flour have been placed upon the British
piece goods exported in March, compared with the corres¬
markets since harvest:
ponding period in the two preceding years :
1879-80.
1878-9.
1876-7.
1877-8.
■
*
*
Imports of wheat.cwt.37,026.562
Imports of flour
6,532,199
Bales of home-grown
produce
16,864,000
Total
Deduct
exports
wheat and flour
60,422,761
38,858,159
5,462,980
22,437,041
3,710,952
29,550,000
23,699.500
25,911,400
63,641,134
68,020,639
52,059,393
Result
925,260
1,217,800
1,181,650
648,210
59,497,501
62,423,334
66,838,989
51,411,183
season.
46s. lOd.
40s. 4d.
52s. 9d.
*
.
49s. 5d.
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the first of September to the close of last week, compared
with the corresponding period in the three previous seasons:
IMrORTS.
Wheat
1879-80.
cwt. 37,026,562
Barley
10,300,126
Oats
Peas
Beans
Indian
Flour
8,327,206
1,357,021
1,647,379
14.058,321
corn
6,532,199
1878-9.
1877-8.
1876-7.
28,959,558
7,253,686
6,477,543
936,464
735,855
18,579,594
5,131,576
35,858.159
9,004,436
6,677,168
1,081,786
2,230,209
18,573.834
22,437,041
8,990,359
5,462,980
3,710,952
6,176,987
811,841
2,981,636
19,520,136
EXPORTS.
Wheat
1879-80.
1878-9.
1877-8.
1876-7.
835,741
1,127,122
88,705
1,143,438
37,302
58,855
11,745
626,021
33,141
96,666
18,915
304,258
22,189
cwt.
Barley
16,160
Oats
Peas
Beans
Indian
•Flour
66,990
26,372
564,955
289,963
19,124
15,748
13,129
124,283
89.519
90.678
38.212
84.573
corn
6,837
19,783
The
following return shows the extent of the imports of wheat
and flour into the United Kingdom during the past seven
months of the season, viz., from September to March, inclusive,
together with the countries whence those supplies were derived,
compared with the three previous seasons
WHEAT.
1879-80.
From—
Cwt.
,
France.
Turkey, &c
3,388,002
22,087,988
2,986,346
5,270,077
15,835,460
1,618,684
1,639,141
5,993
1,111,846
2,556,319
8,648
1877-78.
Cwt.
1,798,531
172.958
984,524
577,579
973,860
4,698,853
17,101,655
2,679,662
4,044,809
61,092
182,596
175,809
474,285
3,561,316
778,380
35,140,012
27,253,028
33, / o8,4o7
860
British India!!!! 1,136,781
4>ther countries..
1878-79.
Cwt.
107,426
132,017
•
<
1876-77..
Cwt.
4,983,750
8,976,181
991,682
1,029,768
350,561
164,047
348,691
1,156,216
2,228,287
817,237
21,041,420
1878.
1879.
-1880.
Yards.
Yards.
Yards.
Exported to—
Germany
6,687,400
Holland
France
4,415,500
6,783,000
5,357,400
3,842,500
4,876,100
6,043,200
6,104,700
7,196,300
6,600,500
6,024,300
22,104,800
15,086,900
14,021,400
6,445,100
5,094,300
7,199,300
5,876,600
Portugal, Azores & Madeira.
Italy
of
Av’ge price of English
wheat for the
28,959,558
5,131,576
.
910,600
806,000
Austrian Territories
Greece
,
22,167,300
Turkey
Egypt
'.
1,877,900
3,756,500
West Coast of Africa
United States
Foreign West Indies
3,032,700
Mexico..
United
9,886,200
States
4,094,800
5,088,200
600,800
1,902,300
1,576,700
2,300,800
2,425,900
5,886,900
1,469,300
'
9,155,000
2,013,000
7,568,900
4,444,300
2,843,800
of Colombia
(New Granada)
i
5,076,400
4,496,500
3,555,100
14,986,100
15,913,600
19,841,000
2,131,300
1,899,600
6,215,500
1,873,500
3,440,400
33,190,000
3,179,100
43,965,600
3,151,000
Java
5,323,600
49,121,000
3,465,000
Philippine Islands
1,820,900
3,291,800
4,418,500
Brazil
Uruguay
Argentine Republic
6,367,700
2,981,700
3,947,700
Chili
Peru
China and
Hong Kong
Japan
Gibraltar
.Malta
British North America
British West India Islands &
Guiana..
British Possessions in South
Africa..'.
2,151,300
2,546,600
4,304,800
5,596,000
201,300
5,709,600
1,540,900
1,455,500
3,888,500
1,325,600
2,138,000
2,228,600
1,043,100
400,600
3,739,500
3,675,700
4,409,900
5,260,700
1,307,900
2,039,300
1,840,700
30,543,500
30,674,800
40,321,500
75,298,300
72,023,500
82,311,000
3,078,200
2,085,600
British India—
Bombay
5,786,100
Madras
Bengal
8,610,500
Straits Settlements
Ceylon
4,342,300
8,853,900
6,150,500
11,973,000
2,404,800
2,943,600
24,916,900
1,934,800
25,274.500
3,124,900
32,077,100
233,391,300
86,935,800
240,891,500
94,136,000
105,726,700
1,089,800
918,700
1,052,300
.321,416,900 335.949,200
Total
Other manufactures of cotton show as follows:
350,387,100
Australia
Other countries
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton
predominating
Lace and
patent net
Hosiery of all sorts
£
£
Thread for sewing
lbs.
Other manufactures, unenu¬
merated
£
Total value of cotton manu¬
factures
.£
243,608,100
1878.
1879.
1880.
117,096
68,852
118,185
78,653
201,226
1,017,781
1,001,366
1,130,403
80,546
78,113
89,135
4,651,937
4,598,458
5,054,311
80,915
imports and exports of bullion into and from the
Kingdom in March and during the three months ended
31 have been as under:
The
United
March
Apbil
The imports of
been as follows:
GOLD.
1880.
1879.
1878.
&.
&
&
740,880
1,184,630
291,449
1,963,443
669,234
Imports in March
Imports in 3 months
Exports in March
Exports in 3 months
2,421,734
1,291,953
4,886,300
Imports in March........
Imports in 3 months
Exports in March
Exports in 3 months ....
1,643,401
4,571,931
1,417,088
4,567,652
5,386,599
989,037
1,884,351
2,122,283
SILVER.
1,577,513
638,090
2,051,463
2,709,041
9,453,952
1,521,597
2,762,143
929,539
3,935,814
Cable.
English Market Reporta—Per
specie at this port for the same periods have
April.
Am. silv. coin..
$1,045
Am. silv. coin..
U. S. of Colombia...Am. silv. coin..
1,424
Porto Rico
10—Str. Etna
Porto Rico
Hat(ji
Athos
70
100
1,090
gold coin..
gold coin..
U. S. of Colombia. ..Gold dust
Cuba
Am. silv. coin..
Hayti
Am. silv. coin..
U. S. of Colombia...Am. silv. coin..
Am.
For.
13—Str. Adolf
15—Str. Santiago
15—Str. Houssa
17—Str. Crescent City
Total for the week ($4,839
SILVER.
3,367,198
8,580,990
1,908,179
5,185,828
2,312,635
6,993,715
March
3 months
March
3 months
780,717
1,403,755
3,194,391
919,142
3,063,545
IMPORTS AND EXPORTS OF GOLD AND
Imports in
Imports in
Exports in
Exports in
123—Str.
425
THE CHRONICLE.
24, 1880.]
500
1,050
750
$6,375
silver, and $1,536 gold)
Previously reported ($1,658,596 silv.,
Tot. since Jan. 1, ’80
346
and $1,194,763 gold)
2,853,359
..
($1,663,435 silv., and $1,196,299 gold).. $2,859,734
Same time in1879
$3,373,778
1878
9,474,032
1877
6,146,854
Same time in1875
$5,456,081
1874
%
1,190,590
Same time in1871
$2,971,893
1870
6,308,883
1873
1869....,,
1,101,075
8,314,443
2,642,438
daily closing quotations in the markets of London and 1876
623,048 1868
1,488,447 1872
Liverpool for the past week, as reported by cable, are shown in
The following table shows the receipts and payments at the
the following summary:
London Money and Stock Market.—The bullion in the Bank Sub-Treasury in this city, as well as the balances in the same,;
for each day of the past week:
of England has decreased £8,200 during the week.
The
Sat.
Mon.
April
April
18679.
Wed.
Tues.
April
April
21.
20.
52
19.
17.
51%
52%
Silver, per oz
d. 52
Consols for money
9813iq 9813ie 98*3ib 98Hi6
Consols for account.... 98i&m 981316 981316 98%
104%
104*2
104%
U. S. 5s of 1881
10412
111*2
111*2
111*2
U. S. 4^8 of 1891.......Ill i2
109*2
109*2
109*2
U. S. 4s of 1907
10912
45*e
44%
44%
4412
Erie, common stock
110
109
109*4
Illinois Central
108 L3
34*2
34%
Fri.
%Tn
April
51%
51%
98ili6
98Hi6
981J16
98Hi6
104%
111*2
109*2
45*6
109%
111*2
109*2
d.
State)$cent’l.l4 9
Wheat,spr’g,No.2,1001b.10 4
Spring, No. 3...
“
9 11
Winter,West.,n.
“ 10 11
Southern, new.
“ 11 l
Flour (ex.
“
“
Av.Cal.white..
California club.
2
8
10
10
Corn, mix.,W.old$ cent’l 5
do
do
new.
“
5
d.
8.
712
7
Pork,West.mess..$bbl.63
Bacon, long clear, cwt.. 34
“
Short clear
63
34
35
75
37
0
0
6
Beef, pr. mess, $ tierce.76
Lard, prime West. $cwt.37
Cheese. Am. choice “ 73
73
0
Pet’leum, ref. $ gal. 6
Pet’leum, spirits “
Total
Tues.
Wed.
Thurs.
Fri.
d.
d.
d.
0
74
8.
0
Yb
'©6*8 5%'S>6
6
®
..
..
..
..
®
.
..
'a)
75
week,
and
Exports
for the
and naval officers are in¬
in good type, and is worthy of the examination of every
having an interest in the management of vessels at sea#>
—The Richmond & Alleghany Railroad is one of the promi¬
nent enterprises recently introduced on our market. The bonds
are
brought out by houses of excellent standing—Messrs.
Robins, Powell & Co. and Closson & Hays. A large amount
of capital has already been expended on this property, which
has recently been purchased at an extremely moderate pric«
paper,
person
..
Week.—The imports of last
compared with those of the preceding week, show
dry goods and general merchandise.
increase in both
The total imports were
an
6,627,324 71
—Ship-owners, masters of vessels
Commercial antT3pisceIiatie<nts Items.
Imports
6,282,252 45
from the State of
Virginia.
—Messrs. Buttrick & Elliman,
remove on
or
about May 1 to 37
bankers and brokers, will
and 39 Wall Street, to the
offices now occupied by Messrs. Latham, Alexander &
Messrs. Buttrick & Elliman are among the prominent
$12,273,708, against $8,938,079 the pre¬ energetic firms in the Street, and will have
ceding week and $11,503,695 two weeks previous. The exports first-class accommodations for customers.
for the week ended April 20 amounted to $7,555,588, against
$7,545,332 last week and $7,194,662 the previous week. The
following are the imports at New York for the week ending
BANKING AND
(for dry goods) April 15 and for the week ending (for general
merchandise) April 16:
FISK 6c HATCH,
FOREIGN IMPORTS AT NEW YORK FOR THE
1878.
1877.
Dry Goods
General mdse...
of dry
The
$2,727,954
$5,442,170
97,585,874
$5,859,118
84,793,996
$6,749,043 $12,273,708
88,616.307 141,971,476
Total s’ce Jan. l.$103,02S,044
our
1880.
$1,691,791
Total week
Prev. reported..
In
WEEK.
1879.
$1,399,783
4,459,335
5,057,252
trade will be found the imports
goods for one week later.
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 20:
EXPORTS FROM NEW YORK FOB THE WEEK.
Prey, reported..
$5,626,808
76,147,330
1879.
1878.
1877.
For the week....
$5,676,321
101,881,135
Total s’ce Jan. 1. $31,774,138 $107,557,456
$5,505,487
90,974,802.
$96,480,289 $106,094,123
parison of the total since Jan. 1, 1880, with the corresponding
previous
years:
April.
15—Str. Athos.
12—Brig Emma Dean—Ciudad Bolivar
Am. gold coin..
Kingston, Jamaica.Mex. silv. dole.
$5,000
17—Str. Donau
17—Str. C. of Nassau
Southampton
Mex. silv. dole.
Mex. silv. dole.
21,842
Nassau
Total for the week ($27,787 silver, and $5,000 gold)
NEW YORK
WOODHAVEN <fc ROCK AWAY RAILROAD
Interest Seven per cent per Annum,
Payable January 1 and July 1,
Principal due in
TOTAL AMOUNT OF
945
5,000
.
6
$23,334,178
$20,178,605
10,391,102
1870
8,097,853
10,345,162
9,225,289
1868
20,390,047
4,595.895
1873
1872
18.126,439
$1,000,00(1
-
-
FUNDING BONDS
of the
CHESAPEAKE
& OHIO
RAILWAY COMPANY.
Interest Six per cent per annum, payable
New York City.
Principal due in
TOTAL AMOUNT OF ISSUE,
Price 107 and
January 1 and July 1 in
1898.
$2,350,000
-
Accrued Interest.
These Bonds are the First Lien on
of the Company. The property,
Same time in-
1875
15,509.452
.
the entire Property and Franchises
consisting of 423 miles of completed
$32,787 road, represents a capital in Stock and Bonds of over $50,000,000; ana,
3,131,807 with the steady growth of the business of the road, and the perfection of
its connections and terminal facilities, now in progress, it is rapidly
5,484.794 1874
$6,379,025
-
Accrued Interest.
PURCHASE MONEY
..$3,164,594 increasing in value,
Jg78
1877
in New York, City.
1909.
-
-
COMPANY.
The natural advantages of Rockaway Beach, with
side and Jamaica Bay on the other, enhanced by the
ments now in progress and to be
Tot.since Jan. 1, ’80 ($1,651,698 silv., and $1,512,896 gold)
1879.....
ISSUE,
Price 106 and
..
Same time in—
STREET, NEW YORK.
FIRST MORTGAGE BONDS
of the
Previously reported ($1,623,911 silv., and $1,507,896 gold)
Same time in—
in their new offices
the ocean on one
extensive improve¬
completed in time for the comingseason, will render it the most attractive sea-side resort in the world;
1880
and when brought within easy reach of New York and Brooklyn by a
$7,555,588 double-track rapid transit railroad, with first-class appointments, it
98,538,535 cannot fail to be thronged with visitors from all parts of the country.
The following will show the exports of specie from the port
of New York for the week ending April 17, and also a com¬
totals for several
NO. 5 NASSAU
9,545,754
$90,653,114 $95,365,350 $154,245,184
report of the dry goods
Co..
and
FINANCIAL^
$1,387,175
4,054,995
15
34
49
89
vited to examine the improved edition of Beverly’s Tables
for Rapid Calculations of Latitude and Longitude.
This is
the fourth edition of this book, and it is published by Mr. R. G-.
Hutchinson, 44 Maiden Lane, being handsomely printed on fine
0
®
..
749,340 41
2,028,248 42
963,765 64 102,565,432
416,132 52 102,646,916
1,570,339 68 101,762,120
2,204,338 89 101,534,069
secured
6
..
.
$
6,232,336 47
5,973,388 25
6,048,816 80
6,118,620 40
6,182,416 99
6,234.377 11
$
$
408,042 89 102,605,242 95
1,064,705 09 102,708,005 45
portions of said company’s lines, viz.: Columbus & Indianapolis
Central Railroad second mortgage 6 per cent bonds, due Nov.
1, 1879, and Toledo Logansport & Burlington Railroad Com¬
pany 1st mortgage 1879 bonds and 6 per cent incomes, due
February 1, 1880.
-
Thurs.
s.
d.
65 0
34 0
35 0
75 0
37 6
75 0
0
0
0
0
6
_.
..
10
9
10
10
9
10
5*2 5
5
5
Currency.
Gold.
—Attention is called to the notice of the trustees and receivers
of C. C. & I. C. Railway Company, that they will pay at the
office of Messrs. A. Iselin & Co., No. 48 Wall Street, New York*
the interest coupons in arrears on mortgage bonds
on
8.
Wed.
d.
65 0
34 0
35 0
75 0
37 6
75 0
Tues.
s.
d.
64 0
34 0
35 0
75 0
37 0
Mon.
d,
-3) 6 %
..
14
d.
3
3
10
9
11
10
3
Fri.
s.
d.
65 0
34 6
35 6
75 0
37 9
London Petroleum Market.—
Sat.
d.
8.
21...
22...
23...
“
.
d.
0
8.
0
0
35
•
Mon.
Sat.
d.
d.
3
2
9
8
10
10
3
14
10
9
10
10
9
10
5
5
14 9 .
10 4
9 11
10 10
11 0
9 10
9 11
10 3
10 5
5 5*2
5
7
5 5
5 6*2
Liverpool Provisions Market.—
s.
s.
908,519 37
896,620 99
567,420 31
“
Fri.
d.
14 3
10 3
9 10
10
9
10 11
9 9
10 4
4% 5 4
5 3
4
Wed.
Tues.
s.
d.
14 3
10 2
9 9
10 8
10 10
Mon.
Sat.
s.
19...
20...
“
44*4
34*2
1,132,102 95
“
special report on cotton.
Liverpool Breadstuff Market.—
Thurs.
Liverpool Cotton Market —-See
$
April 17...
“
109%
3
56*4
34*4
56
....
Balances.
Payments.
Receipts.
23.
104%
56
Pennsylvania
55%
Philadelphia* Reading. 3412
Thurs.
Both the above issues of
still unsold, are especially
Bonds, of which we have but a
small amount
desirable for investment purposes.
FISK *
HATCH
22..44773——TThhee
THE CHRONICLE
426
[70L. XXX.
United States Bonds.—The market for
governments has
been steady, but without particular animation.
Under the
Six* IBaixlirrs' (gazette.
Treasury purchases, and with the disposition of banks and other
corporations to hold their bonds at this season of the year, the
The United States Comptroller of the Currency furnishes the floating supply cf bonds on the market is growing smaller. At
the Treasury purchase on Wednesday the total offerings were
following statement of National Banks organized :
$4,667,250, and $3,000,000 bonds were accepted.
Commercial National Bank of Reading1, Pa. Authorized
The closing prices at the New York Board have been as fol
capital, $150,000; paid-in capital, $77,050. William Young,
NATIONAL BANKS ORGANIZED.
lows
President; B. F. Young, Cashier. Authorized to commence
business April 14, 1880.
Fanners’ National Bank of Bryan, Ohio. Authorized capital,
$50,000; paid-in capital, $30,000. Edward Foster, President;
John W. Nelson, Cashier. Authorized to commence business
April 16, 1880.
1873-456 187-90
6s, 1880
DIVIDENDS.
Name of
When
Books Closed.
Cent.
Payable.
(Daysduclusive.)
$3 50
May 15
May 1
May 1
Company.
4*28,1891
1
$4
$1
5
3
3*2
2*2
May 7
May 1
May 10
May 1
1*2
May
Interest
April
April
April
Periods.
April
17.
19.
20.
21.
<fc J. *103% *103% *103% *104
& J. *103% *103% *103% 104*8
& J. *105% 1057b 106*8 106
& J. *105% *105% 106
106
J.
J.
J.
J.
Q.-Feb. *102*4 102*4 1023s 1023s
da
1 QQ7
vnor
J.
6a, cur’cy, 1898..reg. J.
6s, cur’cy, 1899..reg. J.
April 21 to May 4.
May 1 to May 9.
*
*107
*122
*122
*122
Situation.—With a re¬
laxation in the rates for money, the financial markets have a
more cheerful aspect.
The condition of affairs during the
month of
April has not been, upon the whole, an unhealthy
one, and the tightening up of the money market put rather a
wholesome check upon certain sorts of speculation that had
gone far enough. One of the principal benefits realized has
been from the gradual decline in articles of produce that had
previously risen to a point unwarrantably high ; and although
the decline has necessarily been attended with losses to those
who had purchased grain, cotton, pork, iron, &c., at the higher
figures, it has still been highly favorable in setting in motion
again the wheels of trade, in stimulating the exports of produce,
making a better supply of commercial exchange, and in releas¬
ing a good deal of money that had been required for carrying
these articles on speculative account. Navigation has opened
on the lakes and canal, and rates from
Chicago to'New York
were reported at 11 cents per bushel (60 lbs.) for wheat.
The
railroad rates made last week were 30 cents per 100 lbs. for
grain from Chicago to New York. The quantity of grain for¬
warded by rail in March was the largest on record, but the fol¬
lowing table of the grain movement for the winter season, De¬
cember 1 to April 3 (18 weeks), from the Railroad Gazette, shows
that the grain movement was very little larger than last year,
not greatly larger than in 1877-8, but that all these three
years
each of them showed nearly double the quantity carried in any
previous year:
bush.
In the money
Atlantic
Receipts.
33,832,589
28,229,136
32,260,991
33,283,254
18 w’ks
to
prior
Apr. 3.
market there has been
a
107*8
*107
*107
*122
*122
*122
*122
*122
in prices since January 1, 1880, and the amount
outstanding April 1, 1880, were as fol¬
lows
:
Atlantic
..bush.
Range since Jan. 1, 1880.
.
Lowest.
6s, 1880
cp.
6s, 1881
cp.
58,1881
cp.
4*28, 1891..cp.
4s, 1907
cp.
6s,cur’ncy.reg.
Highest.
102% Jan. 13 104*4 Apr. 23
104*8 Jan.
7 106
Apr. 20
103
Feb.
2 104
Jan. 29
2 109*4 Feb. 17
Jan.
2 1073a Mar. 31
Apr. 21 126*2 Feb. 17
106% Jan.
103
125
Receipts.
62,831,537
64.442,932
64,829,643
decided relaxation
Amount April 1,
Registered.
$13,865,000
176,938,550
290,660,050
170,058,800
514,793,950
64,623,512
1880.
Coupon.
$3,421,000
61,897,900
208,302,850
79,941,200
224,223,400
Closing prices of securities in London for three weeks past and
since January 1, 1880, were as follows:
the range
•
T
U. S. 5s of 1881
U. S. 4*23 of 1891
U..S. 4s of 1907
Apr.
Apr.
16.
23.
Range since Jan. 1,1880.
Lowest.
Highest.
105% x04*2 10458 x04*2 Apr. 15 10S78 Jan. 12
111*2 111*4 111*2 10978 Jan. 2 111% Apr. 10
109*2 109*4 109*2 106*4 Jan. 2 10978 Feb. 19
State and Railroad Bonds.—In Southern State bonds there
has been some weakness, and this is attributed in part to the
decline in cotton, which has been felt considerably throughout
the South. Bonds were in many cases put up as collateral for
loans, and, the margins on cotton having been exhausted, the
bonds have been sold. Some of the Louisiana bonds are return¬
were taken when the price was
about 40 or lower, and, in addition to this, the outlook for col¬
lection of taxes in Louisiana, under the new constitution, is said
to be not encouraging.
ing from abroad, where they
Railroad bonds are strong, as a rule, on a well-distributed
business.
Messrs. A. H. Muller & Son sold the following at auction:
?
Bonds.
Shares.
WINTER RECEIPTS OF GRAIN AT ATLANTIC PORTS.
Apr. 3.
*104*8 *104*8
*104*8 104%
*l(i6
*106*8
*106
*106*8
*102*2 1025s
103% 103%
*108% *108%
*108% *108%
of each class of bonds
FRIDAY, APRIL 23, 1880—5 P. III.
to
23.
107
*125
125
*125
*125
*122
& J. *122
*125
*125
& J. *125*2 *125*2 *125*2 *125*2 *125
& J. *125*2 *125*2 *125 *2 126
*125*2
Tlie Money Market and Financial
18 w’ks prior
22.
This is the price bid: no sale waa made at the Board.
The range
1'
April f April
Q.-Feb. *10338 10338 1035s 103%
Q.-Mar. 108^ *108*2 *1085s 108%
Q.-Mar. *1085g *108*2 *1085s 10878
107
Q.-Jan. 10678 *10678 107*8 *107
48,1907
4s, 1907
Q.-Jan. *106% 107
*122
6s, cur’cy, 1895..reg. J. & J. *122
*122
6s, cur’cy, 1896..reg. J. & J. *122
Railroads.
Boston & Maine
Boston & Providence
Cedar Rapids & Mo. River (quar.)
Banks.
German Exchange
Germania
~
National Bank State of N. Y
Pacific (quar.)
Miscellaneous.
Iowa Railroad Land Co. (quar.)..
reg.
coup.
reg.
coup.
reg.
ooup.
reg.
coup.
reg.
coup.
6s, 1880
6s, 1881
6s, 1881
5s, 1881
5s, 1881
4*23, 1891
The following dividends have recently been announced
Per
:
50
25
100
1(>0
30
10
7
5
Broadway Bank
236
Mech. Bank of B’klyn
181%
Manliat. G’liglit Co.200@199
Pacific Bank
149*2
Park Fire Ins
114*2'2>115
Etna Fire Ins
63
Park Fire Ins
115
Sterling Fire Ins
79*2
$33,000 United N. J. RR. &
Canal gold
bonds, due
1901
114*e@114%
3,000 City and County of
San Francisco 6 per cent
funded debt bonds, due
1888
103
5,000 Kans. & Neb. RR. 1st
mort
3 Franklin & Emp’m Ins. ..122
75*2
during the past four days, and since Monday last, when 1-16
Railroad and Miscellaneous Stocks.—The stock market,
per day was given, no higher rate than 6 per cent has been
paid. The prevailing rates on stock collaterals have been 4@6 taken altogether, has been decidedly stronger than last week.
per cent and to Government bond dealers 3@4 per cent. There The relaxation in the money market as an effect, and the sup¬
is not much
doing in time loans, as the views'of borrowers and posed change in the temper of leading operators as the cause
lenders are apart; but prime commercial paper is quoted about for
this, are the influences which have had most weight in
5@6 per cent. There is little reason to anticipate that the long: directing the course of the market. The strongest statement of
summer period of excessively easy
money, with rates at 1 /£@3 earnings yet made, we believe, by any railroad company is that
per cent, will again be experienced in this market for some time of the Pennsylvania Railroad for March, the increase in net
to come.
earnings being $524,025 ; the increase for three months of 1880
The Bank of England on Thursday showed a decrease for on the lines east and west of
Pittsburg is $1,759,723 in net
the
week,
of £8,200 in specie, and the reserve was 48 9-16 per earnings. One of the most remarkable events of the past week
cent of liabilities—the same as last week; the discount rate was the decline of about 34
points in Louisville & Nashville on
remains at 3 per cent. The Bank of France showed an increase
last- without any adequate cause. A suit was brought,
Saturday
of 19,900,000 francs.
in which damages of $225,000 were claimed, for non-fulfilment
The last statement of the New York City Clearing-House of a contract made
by the Nashville Chattanooga & St. Louis
banks, issued April 17, showed an increase of $644,330 in the Company prior to its control by the L. & N., ana attachments
reserve held, the surplus over the 25
per cent requirement were granted; but
this cause seemed to be too small
being $586,930, against a deficit of $107,400 the previous week.
to create such a precipitate, decline.
N. Y. Ontario &
The following table shows the
changes from the previous week Western has been strong, and it is now believed that no re¬
and a comparison with the two
preceding years.
demption of the road can take place. As to Michigan Central,
it has been reported that the Chicago line of the Grand Trunk
Loans and dis.
Specie
Circulation
..
Net depositd
.
Legal tenders.
Legal reserve.
Reserve held.
Surplus
1880.
Differ’noes fr’m
1879.
1878.
April 17.
previous week.
April 19.
April 20.
speak with certainty. The Gould stocks have only been mod¬
erately strong. The coal stocks have improved slightly, but
when a stoppage of mining is necessary to sustain prices
202,053,400 of
6oal, it is evident that a gain in price must be based
1,930,100
32,186,000
on a sacrifice of tonnage.
The Manhattan Elevated stock
$687,000 $50,063,750 $50,513,350
At the close the tone was rather
42,700
59,547,700
68.121.900 has been well supported..
strong.
$644,300
$9,483,950 $17,608,550
The daily highest and lowest prices have been as follows:
$284,250,800 Dec.$4,220,100 $231,151,300 $232,113,400
50,050.800 Dec. 1,972.800
20.843.000 Dec.
144,900
253,519,800 Dec. 2.748,000
13,866,000
Inc.
$63,379,950
Dec.
63,916,800 Dec.
$536,850
Iuc.
of Canada from Detroit has taken off some of its business, but
in the absence of any report of earnings it is impossible to
18,875,600
19,721,200
200,255,000
40,672,100
35.935.900
19.982.900
April
THE CHRONICLE
24, 1880.]
Saturday
72
Am. Dist. Tel.
72%
42
59
53% 60
78
75
Cent. Pacific..
Ches.& Ohio..
Do 1-st prf.
Do 2dprf..
Chic. & Alton.
Chic Bur.& Q.
Chic.M.&St.P.
Do
pref.
Chic. &N. W..
Do
pref.
72% 73
75%
44
42% 43
60%
60% 60
76% 78
77% 79%
74
74V
21
22-)i
20% 2i%
72
42% 43
Atl.&Pac.Tel.
Canada South.
Cent, of N. J..
79
75
21% 21%
*107%
30
109
Chic.R. I.&P. 192% 192V
33
Ch.St.L.&N.O. 33
Do
59l4 59V
75%
7m
14
14%
81% 8334
89
76
Hous.&Tex.C. 75
Illinois Cent.. 105V 105%
Lake Brie&W. 33V 33%
Lake Shore.
106% 107
149
Louisv.&Nash 115
29
Manhattan.... 28
8
Mar.&C.lst pf.
8%
Do
2d prf.
6%
6%
30% 82%
Ohio Central..
Ohio & Miss...
Do
pref.
Pacific Mail...
Panama
Phil. & Read’s
91%
20
3654
*108
73
30
131
St.L.&S.Fran.
Do
pref.
Do 1st prf.
St.P.&SiouxC.
Do
pref.
TP*
1
39
\
66%
48%
43% 51
3o% 36
35% 86
52
51
52
51%
74
*
43% 44%
77
70
70
*21% 2234
80% *27
30%
23% 23%
111
111
140
14234 136
31% 8254 81
32
no" no"
139
82
9
8*
66
21
60 V
30
43% 44%
78
78
103)i
95
Hi
..
191"
33)4
59%
78%
82%
90%
3454
71%
73%
10654
335|
9
108
131%
42% 43%
2934 30)
29
293
53% 543
190
67
44% 44%
*72%
43%
53
Peoria Dee. A Ev.4th wkMar
9,580
Philadel. A Erie..February
245,372
Phi la. A Reading. March
1,457,322
Rensselaer A Sar.February .
111,912
St.L.Alt.AT.H, ..2d wk Apr.
26,847
Do
(brclis). 2d wk Apr.
12,120
St. L. Iron Mt.A S.2d wk Apr. 109,400
St. L. A San Frau.2d wk Apr.
43.449
St.Paul A Duluth.March
37,896
St.P.Minn.AMan.2 wks Apr. 165,555
St. Paul A S. City.. 2d wk Apr.
25,446
Scioto Valley
4,697
2dwkApr.
Southern Minn...January...
50,128
Tol.Peoria A War.2d wk Apr.
24,643
Union Pacific... .1st wk Apr 393.901
Wab. St. L. A Pac.2d wk Apr. 257,549
Wisconsin Cent... 1st wk Apr
22,044
7834
.
follows:
Range for
Range since Jan. 1,1880.
Year 1879.
Week,
Shares.
Central of N. J..
57%
76%
436
99%
3.303 123
141,420 75%
1,088 10058
14,360
60,925
..
Chicago & Alton...
Chic. Burl. A Quin<
Chic. Mil. & St. P..
Do
do pref.
Chic. A Northw..
do i
Chic. Rock Isl. & Pac¬
ed. Chic. A Ind.Cent.
Del. A Hudson Canal
Del. Lack. A Western
Hannibal & St. Jo...
.
Do
do pref.
Illinois Central
Lake Erie A Western
Lake Shore
Louisville A Nashv..
Michigan Central....
do
pref.
Northern Pacific
....
Do
pref.
Ohio & Mississippi ..
Pacific Mail
Panama
Phi la. & Reading
St. L.IronMt. ASouth.
St. L.&San Francisco
Do
pref.
Do
1st pref.
Union Pacific
Wab. St. L. & Pacific
Do
do pref.
Western Union Tel..
*
53,125
1,784 104
1,046 149
13%
7,613
18,567
70%
83
222,602
31
22,165
39,174
Manhattan
Do
Apr.
Highest.
5
Apr. 16
Jan.
.
64
2 116
Mar. 29
High
45%
33%
78%
75
Feb. 11
46% Apr. 19
35
Apr. 14
64
95
Mar.
5
49% Jan. 27
110% Feb. 28
128
137
35
72%
73% 98
5% 35%
75% 104%
35% 83
.
Mileage last year
48% Feb.
73% Feb.
36
2
2
139
21% 49
37%
Jan. 14 116
Jan. 13 144%
60
44% Mar.
6
Mar.
8
62
190
7%
10%
Apr. 13 123
72% Jan.
3
Feb. 17
Feb.
2
Mar. 8
Mar. 9
Jan. 19
78%
40%
65
33%
39%
182
13
56
3%
4%
9%
57%
53
60%
78%
95
Jan. 27
Jan. 27
Feb. 24
The latest railroad earnings and the totals from
latest dates are given below. The statement includes
502,061
1,244,618
334,655
290,390
477,619
103,200
189,464
2,474,392
1,207,391
151,737
1,284
273,607
44,658
5,427
80,983
1,473,484
90,427
704,879
80,869
586,142
315,313
53,106
6,709,508
2,354,564
398,625
25,468
538,610
81,672
Jan. 1 to
the ^ross
mentioned in the second column.
/—Latest earnings reported.—* /- -Jan. 1 to latest date.Week or Mo.
1880.
1879.
1880.
1879.
Ala.Gt. Southern.March
$17,829 $33,152 $154,457 $100,187
Albany A Susq ..February.
Atch.Top.AS. Fe.2dwk Apr.
160,249
204,396
104,434
82,887
178,000 133,153 1,909,500 1,456,059
Atl. & Char.Air-L.February
121,688
168,287
85,899
63,979
Atl. & Gt.West.... February
593,358
773,486
384,000 294,712
Atl. Miss. A Ohio.February
231,345
318,824
161,954 121,451
372,753
Bur.C.Rap.A No. .2d wk Apr.
608,211
33.376
23,080
Cairo & St. Louis. 1st wk Apr
87,087
59,324
8,381
5,147
Canada Southern.March
611,483
409,189 226,378 1,003,702
Carolina Central.February
83,291
92,946
45,383
48,213
Central Pacific...March
1,250,000 1,280,272 3,488,614 3,426,129
623.765
322,916
1,883,958
2,381,091
1,148,229
2,087,475
37,763
85,101
3,598
of domestic exchange on New
and Boston, 40c. discount.
Demand.
April 23.
Sixty Days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commerolal...
Good commercial
84%@4 85
@5 84%
@5 83%
82%@5 83%
5 22%@5 20
5 23%@5 21%
5 22%@5 20
40 @ 40%
94%@ 94%
94%@ 91%
94 %@ 91%
94%@ 94%
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
Arnstp.rdam (guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
‘Rrpiinp.Ti (reichmarks)
Berlin (reichmarks)....
5
5
5
5
5 87%@4 88
5 86%@5 87
84
83
5 86 @5
5 85%@5
5 18%@5
5 20 @5
5 18%@5
40%@
94% @
94 %@
94%@
94% @
86%
86
17%
18%
17%
40%
95%
95%
95%
95%
The following are quotations in gold for various coins:
AnA4/»
Silver *48 and %s. — 99 %@ par.
$4 84 @$4 87
Sovereigns
Five francs
— 92
@ — 95
Napoleons
3 84 @ 3 87
Mexican dollars.. — 9.1 @ — 92
XX Reichmarks. 4 74 @ 4 78
.T. ,
4
3 92
X Guilders
Span'll Doubloons. 15 70
4 00‘
@16 00
@15 65
@
..
.
o: 1
Of
Mex. Doubloons.. 15 45
Fine silver bars
1 13%@ 1 14%
Fiue gold bars....
par® % prein.
Dimes A % dimes. — 99 %@ par
1
Do unoommero’l.
-
English silver
“
“
“
“
Mar
*
“
“
12
19
26
2
9
23
1
.
..
s...:::.:::.
15
23
29
"
April
5
13
17
87
4 80
—
—
—
@
—
88
@4 85
68 @ — 70
99%@ — 99%
99% @ par.
Philadelphia banka
15.663,259
15,802,394
10,417,981
52.6W.250
52,898,593
54,360,797
64,655.180
64,972.032
65,670,329
10,931,434
17.213.347
17,120,VJ3
54,300,766
54.563,582
54,072,059
67,265,688
16,220,959
15,773,038
16,250,179
10,731.502
10,013,887
15.637,060
67,318,205
07,404,238
08,407,583
68,851,879
68,881,661
69,246,055
69.040,270
17.197,950
14,858,%7
14,626,301
15,073,605
Circulation. Agg. Clear.
——
04.331,710
64,096,423
65164,061
661^88.134
16..,
—
,
Lawful Money. Deposits.
*
“
....
Prus. 8ilv. thalers.
Trade dollars
New silver dollars
follows:
Loans.
“
-
Philadelphia Banks.—The totals of the
are as
«
88,415
982,377
287,775
148,929
15,338
Savannah—buying
Charleston, steady—baying
3-16, selling % premium ; New Orleans, commercial par, bank
250 premium ; St. Louis, 75 premium ; Chicago, 75 premium;
Feb.
132,172
267,851
357,318
76,070
79,746
50,128
37,151
311,912
374,497
4,013,898 3,027,077
2,986,086 2,123,386
3-16, selling 5-16 premium;
.
.
165,955
227.286
158,595
1,196,733
302.286
73,886
226,363
356,987
182,900
1,715,335
678,602
109,301
745,236
86,406
14,840
11,711
86,336
19,449
27,808
74,945
19,175
5,089
37,151
23,984
Fork at the undermentioned cities to-day:
.
.
4,784
469,679
449,748
237,000
1,041,142 3,836,720 2,876,222
85 miles, against 147 miles now.
was
fair demand for securities.
The following are the rates
•
88% 116
earnings of all railroads from which returns 6an be obtained.
The columns under the heading “ Jan. 1 to latest date” furnish
the gross earnings from Jan. 1 to, and including, the period
Ches. & Ohio.... .March
222,749
Chicago & Alton .2d wk Apr. 132,906
Chic. Burl. A Q.. .February .1,180,853
562,901
591,832
1,355,233
384,230
332,271
465,152
136,219
303,084
Exchange.-Foreign exchange is only about steady for 60day’s bills, but short-date sterling is more in demand. The asking
rates for sterling bills are ^ point 1lower than last
^ week.
u On
actual business the rates are about 4 84^ for 60 days and 4 87
for demand. Cable transfers are 4 87M*» There is little expectation now that much gold will be exported, and we hear of a
Mar. 5
Mar. 31 112
66 '
94,265
48
5,000
2 60%
49% Jan.
6,485
1,700 68% Jan. 2 83%
10,140 84% Jan. 6 97%
36% Apr. 13 48
62,450
64
63,585
Apr. 13 72%
6 116%
99% Jan.
50,323
Range from Sept. 25. t Range from July 30.
*
100%
Jan. 26 111% 134%
85% Mar. 27 34% 82%
107% Mar. 29 74% 102%
97
Mar. 31 495r 91%
110% Mar. 23 76% 108
57% Mar. 16
639,836
135,165
2,047,410
139,694
1,214,529
78,154
691,737
396,783
98,665
7,765,679
2,548,599
495,890
59,883
665,354
138,262
28,538
158,034
27,519
8,449
Wisconsin Valley. 1st wk Apr
89%
Feb. 10
2 194% Apr. 14119
Jan.
150%
5
28
Apr. 16 25% Jan. 26
Feb. 12 86% Mar. 30 38
89%
2
Jan.
94
94% Mar. 22 43
Apr. 16 42% Feb. 24 13% 41%
Jan.
7 76
Feb. 24 34
70%
2 110
Mar. 31 79% 100%
Jan.
2 38% Mar.
Jan.
4 *16
28%
108
Jan. 5 111% Mar. 4 67
8 164% Apr.
Jan.
89%
2 35
99%
7,525
20%
4,200
71,725
98%
86%
11,870
25% Apr. 1
55,510
88 % Feb. 11
23,904
2
103,010 32 Jan.
1,562 101% Jan. 6
25,700 69% Apr. 14
23,792 129 Jan. 31
290,730 41% Apr. 16
4,220
63% Apr. 16
27
12,420
Apr. 13
51% Apr. 12
9,023
5
94,930
28% Jan.
96,555 36% Jan. 5
2
70 168
Jan.
13,900
74% Jan. 14
90% Mar. 8
Low.
Apr. 15 152
5
Jan.
2
Jan.
88% Feb. 11
Do
Missouri Kan. A Tex.
Morris <fe Essex
Nashv. Chatt. & St. L.
N.Y. Cent. A Hud.Riv
N.Y. Lake E. & West.
Lowest.
11,350
9,183
34,832
8,972
86,436
12,749
45,837
80,869
45,139
161,793
817,502
87,798
183,912
91,865
236,486
227,578
316,610
275,027
114,930
2,515,870
1,154,316
95,817
65,284
7,004
74,083
99,272
7,009
4,783
Pad. A Memphis.. 1st wk Apr
57,741
43,531
3,703
2,410
Pennsylvania —March
3,278,186 2,603,068 9,306,313 7,684,531
2%
Sales of
19,048
239,210
1,058,254
111,848
196,647
475,434
313,306
259,062
377,659
405,508
103,139
2,893,647
1,287,984
23.338
Pad.AElizabetht.lst wk Apr
88
were as
132,001
21,080
.
49%
37%
Total sales of leading stocks for the week ending Thursday,
and the range in prices for the year 1879 and from Jan. 1, 1880,
date,
144,671
23,139
26.368
58,200
Ogd. A L. Champ. 1st wk Apr
4754 52"
3034 37
52% 5254
Wab.St.L.& P.
to
475,324
Do
.
23% *21
2%
2%
234
2%
2%
2%
89
87% 8754 89
88% 87
40
39%
38%
40%
39%
38% 41
Do
pref. 66% 67% 65*
67% 68%
6734
10
West. Un.Tel. 104% 106
105% 105% 107
106%
*
These are the prices bid and asked; no sale was made at the Board.
Sutro Tunnel.
Union Pacific.
47,658
272,791
.
3634
76%
43%
74
23,711
Kans.C.Law.ASo.4thwkMar
20,288
K. C. St. J. A C. B. 4th wk Mar
45,363
Little Rk. A Ft. S.2 wlis Apr.
12,879
Louisv. A Nashv.2dwk Apr. 111,300
Minn-. A St. Louis.4th wkMar
18,480
Mo. Kan. A Texas.2d wk Apr.
86,314
Mobile A Montg. .January...
78,154
2d wk Apr.
Mobile A Ohio
35,224
Nashv. Ch. A St.L. February191,154
N. Y. A Canada ..February
48,855
N. Y. Cent. A Hud.March
2,854,835
N.Y. L. Erie AW. February .1,252,218
N.Y. AN. Engl’d.March
181,751
North Wisconsin.2d wk Apr.
2,248
Northern Central. February
330,860
Northern Pacific .February
56,419
13i%
66% 87
20% 20%
.
.
73% 74
22
Apr.
Houst. A Texas C.February
Illinois Cen. (Ill.).March
Int. A Gt. North. .2a wk Apr.
Iowa Central
February
K. C. Ft. S.A Gulf. 1st wk Apr
36% 37%
34% 86
7334 76
38% 41
Hannibal A St. Jo. 2d wk
30% 31%
139
90% 91%
2954
47,356
10,741
52,339
7,203
95,849
41,366
19,954
17,345
153,371
21,668
114,930
171,024
81,102
38,459
241,315
400,159
18,351
Dubuque&S.City.2d wk Apr.
Eastern
175,345
February
Flint A Pere Mar. 1st wk Apr
30,479
Gal. liar.A San A.January...
103,139
Grand Trunk.Wk. end. Ap. 17 196,418
Gr’t Western.Wk.end. Apr. 9
97,689
(Iowa).Mareh
IndianaBl. AW..2dwk Apr.
108
54,634
15,227
68,294
7,717
81,484
195,704
.
15
9
77
Cin. Sand. & Clev.Maroli
Cin. & Spriugf. ..2dwk Apr.
Clev. Col. Cin. & 1.2d wk Apr.
Clev. Mt.V. A Del. 1st wk Apr
Del.A1LCan.. Pa.Div..Feb
Denv.S.P’k A Pac. March*
Det. Lans. & No. .2d wk Apr.
108%
135
37% 38%
iSS* *107
108
*74
29:
125%
SOM
6%
200
66% 67%
75
31
53% 5434
195
74
76
22
31
76
30
*21
35%
73% 73%
88% 39%
*
Do
pref.
St.Ti.I.M. & So.
75
22
80
131%
48% 4434
32% 34%
St.L.A.A T.H.
75%
2254 23
79
74
75
.—Latest earnings reported.—w -Jan. 1 to latest date.or Mo.
1880.
1879.,.
1880.
1879.
Cliic.Cl.Dub.&M.lst wk Apr $11,85)8
$8,676 $172,877 $129,269
Chic. & East. III..2d wk Apr.
284,320
19,588
14,146
225,872
Chic. Mil. & St. P.2d wk Apr. 202,000
156,004 2,806,000 2,013,210
Chic. & Northw..March
1,395,000 1,107,042 3,681,315 3,004,986
Chic.St. P. & Min.2d wk Apr.
333,861
269,275
31,137
21,122
Chic. & W. Mich.. 1st wk Apr
13,526
16,204
206,600
158,076
Week
43% 43% 45
607* 6334
77% 79% 7?% 7934
62
9
65% 65%
27% 28%
28
28%
52% 52%
....
~75%~
79~
43
61
6%
Mobile&Ohio.
Mo.Kans. &T.
107
Mor.& Essex.. 107
Nash.Ch.&StL 70% 74
NewCent.Coal
N.Y.C. & H. R. 130% 13i%
N.Y.L.E.&W. 42% 43%
Do
pref.
N.Y.Ont. & W.
Northern Pac.
Do
pref.
7954
4454
6054 62
.'" +110*113*
140
139
90% 92
19M 20
36
37%
Mich.Central,.
76
44
Friday,
April 23.
April 22.
April 21.
8%
90
3234 33V
673-s 69%
pref.
30
Wednosd. Thursday,
; 124% *123% 125 *2354 12454 124% 12 i% 125
: 77% 77% 79% 7934 80% 78-H 80 % 78%
103
103
103
103% L03% 10354 103% 103)6
i 9434 93% 94% 94% 95% 94>i 95% 93%
109
109
109
109
108% 109
10934
191% 191% 192
192% 192% 192 19254 10i"
*33
35
34
34
33% 34
33)4
59
59% 59% 59% 59% 59% 58% 59
78
77
•
78
78
78
*77% 79
14
1436 1454 15% 15
1534 15
81% 82% 82% 83% 81% 8254 81%
88% 90% 90% 91% 88% 91% 88%
85
33% 33% 34% 34
3354 3534 33%
;
7034 7034 72% 7034 7234 7034
68% 69
71
74
74
; 75
73% 72
74% 73%
106% 106% 107 10654 107J4 107 107 106%
32% 33% 83
34% 33% 34% 33%
107
108% 107% 10854 107% 108% 107%
102% 103
93J* 94%
Chic.St.P.&M.
Clev.C. C. &I.
Col.Chic.&I.C.
Del.&H.Canal
Del. Lack.&W.
Han. & St. Jo..
'
*i08
110
..
125
125V.
70 H 78
109
Tuesday,
April 20.
Monday,
April 19.
April 17.
127
56.186,180
55,027,182
55,122#11
.55,397,217
12,059.841
12.072.760
12,0^,360
50,508,285
50,955,546
12,070.263
48,058.960
46,890,060
53,151,064
12.073.093
12.068,233
12,050.483
12,058,556
12,093,660
39.080.846
53.604.758
42.1 9.611
12.104,580
45,910.829
3 *,516,148
51304.': 15
49,551.189
50.174.038
12,073.945
12.092,147
12,079.453
65.759,734
56,590,931
12,118.893
12,123,600
55,495,193
42.963 541
12,085,130
56,258,526
5V835.B41
55,941,988
45.951.614
50.218.107
.
New York City
Banks.—The following
City for the
Capital.
Banks.
Loans and
discounts.
13.25768904
2,000,000
6.452.800
2,050,000
6.502.400
2,000,000
6.710.500
2,000,000
4.493,900
1,200,000
9.097.500
3,000,000
3,203,000
1,000,000
6,280,000
1,000,000
3,048.300
1,000,000
1.627.200
600,000
12.392,200
300,000
8.592.200
1,000,000
3.993.400
1,000,000
1.454.300
300,000
924.000
200,000
970,900
200,000
2.803,100
600,000
.864,400
300,000
3,588.9C0
800,000
13,106,000
5,000,000
5,000,000 15,233.700
5,337.000
1,000,000
3.594.300
1,000,000
2.135.800
422,700
5.712.300
1,500,000
3,305,10G
450,000
1.378.300
412,500
2.367.700
700,000
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Republic
Chatham
People’s
North America..
Hanover
Irving
9,120.000
amount of
5.349.700
3.655.600
976.900
403,000
55.600
321.400
480.000
65,000
2,339,600
123,000
393.200
987.500
923,000
920,800
70,300
211.U00
95.600
3.295.200
334.800
1,535.000
2.655.500
426.000
923.800
238.100
41,300
158.000
95.600
84.200
205,000
166.300
221,200
130.900
152.400
77.000
141,000
764.200
61.800
262.100
180.O00
2,700
901,100
2.070.900
788,000
179,500
PlttBburg
1,123,900
267,000
5,400
800,000
1.592.500
2.802,000
472.000
209.300
3,000.000
2,862.000
262.000
11,069.000
45.000
230.300
237.200
1.700.900
269,100
2.133.400
2.419.700
181.200
327.100
422.700
100.300
80.500
58,100
1,774.3()0
205.600
166.500
1,428,700
699.000
100,000
141.800
2.229.400
1,000,000
500,000
500,000
500,000
St. Nicholas
Shoe & Leather..
Cofn Exchange..
Continental
Oriental
Marine
1,000,000
1,000,000
Importers’ & Tr..
1,500,000
2,000,000
300,000
400,000
2,024,100
3.285.000
3.755.600
5.886.400
1.493.800
2.855,000
539.000
17,913,400
14,477,000
4.595.900
3.336.200
500,000
240,000
250,000
3,200,000
2,000,000
300,000
Second Nation’l.
Ninth National..
750,000
First National..
500,000
Third National.. 1,000,000
300,000
N. Y. Nat. Exch..
250,000
Bowery National
200,000
N. York County..
.
750,000
300,000
Germ’n Americ’n
Chase National..
Fifth Avenue....
30.400
100,000
112.400
33.000
107.200
871.300
852,800
1,017,200
15.576.500 2.625.900
942,000
8,388,000
550.000
2,447,000
4.399.700
12.365.500
7,844,500
1,333.000
438,000
3,481.000
450.000
4.600
6.157.500
1.362.800
263.400
3,015 000
209.0001
457.000' 19,822,500
751,900
180,000
1.097,200
c
532,000
357,100
224,4(io
810,000
7,154,000
1.577.200
609.300
8.237.100
797.000
268,700
225,000
Nesquehonlng Valley
3,050,900
1.542.400
22,700
271.400
560.900
322.600
1.079,600
1.323.100
180,000
2,026,400
3,043,100
1.613.100
Specie
Legal tenders
of previous week are as follows :
Dec. 14,220,100 j Net deposits
Dec. $2,748,000
Dec. 1,972,800 I Circulation
Dec. 144,900
Inc. 1,930,100 1
The following are the totals for a
Loans.
$
1879.
Specie.
$
6... .257,386,800 19,753,800
19.876.900
20....259,391,000 19,942.000
27....260,763.700 20,017.400
4....266,364,300 20,149,100
Oct.
11....268,701,800 22,566.300
18... .267,505,500 26,383.600
25 ...269,433,300 27,082,600
NOV. 1....271,238.600 29,675,300
Sept.
“
“
"
“
“
**
“
8....270.076,800
22....276,194,400
29....273.439,900
Dec.
6....273,101,100
13....275,750,100
*•
“
“
27....277,584,200
series of weeks past:
L. Tenders. Deposits. Circulation.
*
$
$
40,088,900 226,6:85,600 21,372,300
39,481,100 225.572,900 21,603,500
42,029,400 228,271,000 21,384,900
40,047.700 229,983,000 21,531.900
38,093,500 231,920,700 21,932,400
36,438.500 232,780,500 22,080,100
33,097,700 232,805,300 22,286,800
30,151.700 231.668.000 22,448.700
28,615,900 234,412,000 22,600.500
231,927,700
239,201.200
50,006,700 18,985,200 250,297,300
52,310,700 16,771,700 247,195,500
54,771,000 14,073,200 247,030,100
54,009,400 13,403,900 247,559,200
50,842,900 12,543,400 246,118,600
48,638,200 12,089,700 242,062,200
33,823,800 23,486,900
42.992,800 22,595,800
22,341,500
22,475,700
22,550.400
23,024,800
23,255,100
23,463,800
23,651,900
23,732,900
“
“
“
“
**
•*
•*
“
44
“
33*
507,109,348
530.921,366
591,859,560
747,278.535
741,448,440
798,960,746
701.277,728
865,862,857
772,150,134
870,0*2,059
942.922,768
779,955,847
850,840,848
722,603,389
600,418,518
586,014,073
604,197,943
.'
Pennsylvania
Schuylkill Navigation.... ..
do
pref...
Susquehanna
RAILROAD BONDS.
Allegheny
do
do
Vai.,73-10s, 1896...
7s, E. ext.,x910
Inc. 78, end., ’94
do
do
do
6s.1902, J.& J
5s, 19i6, new
Norfolk water, 8s
do
do
do
100*
Cam. &
Western
....
Vr
....
6s,'97.
new 7s
Connecting
1900
6s,,1900-1904......
7s,C.,190,
Br.tl8t,7s.l90a
’88
E1.A W’msportr, 1st m., 7s, ’80.
do
5s,perp— ...
io6
Harrisburg 1st morb 6s, ’83...
letm. 78, fd.
Bid. Ask.
BOSTON.
116
Atch. & Tcpeka 1st m.7s
do
land grant 7e
do
2d 78
115}*
land Inc. 8s..
do
120
Boston & Maine 7s
122
Boston <z Albany 7s
6s
do
112*
Boston A Lowell 7s
105
do
6b
122
Boston A Providence 7s
114*
Burl. & Mo., land grant 7s....
do
Nebr.6s Ex...... 108
108*
102
do
Nebr. 6s
Conn. A Passumpelc, 7s, 1897.
Eastern, Mass., 4x4s, new. ... 92* '92*
Fitchburg KR., 6b
do
7s
Fort Scott & Gulf 7s
Hanford & Erie 7b
115
City Top. A V>., 76, let
56
115*
do
do
7s, Inc..
K. City Lawrence & So. 4s...
Kan. City. St. Jo.&C. B. 7b. . 110* 111
Kan. i l y St. Jo. &
B.. In.
Little U’fc & Ft. Su ith, 78,1st 101*
111
New York & New Eng. is
..
-Qgdensburgft Lake Ch.8s...
Old Colony,7b
old Colony, Os
Omaha & S. Western, 8b ...
Pueblo & Ark. Valley, 7s...
Rutland 6s,i8t mort
Vermont A Canada, new 8s
Bid. Ask.
118*
109*
109* iio
95
Vermont*Mass. KK.,6s.,.
8TOCK8.
Atchison & Topeka
At.hisou & Nebraska
Boston & Albany
Boston A Lowel:
Boston & Maine.
Boston & Providence
Burlington & Mo. In Neb.
Cheshire preferred.
Chic. Clinton Dub. & Min..
Cin. Sandusky & Clev
Concord
Connecticut River
107
55%
SECURITIES.
g.’69
2d m. 7s, gold, ’95.
2d m.f .scrip g.,7s
3d m. cons. 7s, ’95*.
...
117
129*
80
347*
98* 99
129
130
138
147* 149
54
75*
14*
Passumpslc
36*
(Mass.).
80
(New Hampshire).
123*
Fitchburg.......A
Fort Scott* Gulf, preferred
common.
K. C. Latf. & Southern
K. C.St. Jo. a Council f luffs
Little Bock *
Fort smith
75*
14*
91
141
Conn. &
Eastern
Eastern
do
130
81
04
37
51
52
83
70
71
53*
53*
con.
m.,6s,rg.,192
do
...
....
67*
69
....
125
-.12
....
125*
6s,ep.,19<: 111*
Little Schuylkill, 1st m. 7s,*8
110
North. Penn. 1st m. 6s, cp.,’85. 108*
do
2dm.7s,cp.,’96. 115* 110
116
do gen. m. 7s, cp., 1903. 115*
do gen. m. 7s, reg., 1908
Oil Creek 1st m. 7s, coup.,’82.
rittsb. Titusv. & B., 7s, cp.,’96
do
*81
82*
110*
100
do
cons.m. 6s, rg., 1905. 112
do
cons. m. 6s. cp., 1905.
do
Navy Yard 6s, rg.’dl
Penn. Co , 6s. reg
Perklomen 1st m.6s,coup.,’9<
101
Phila. * Erie 1st m.6s, cp.,’8’.
do
2d hi. 7s, cp.,'88 112
Phi a. Newt’n &h.Y..lstm.
Phila. * Read. 1st m. 6s, ’43-’44
do
M8-.49,
2d m.,7s, cp.,9’.
In default, t Per share.
5 Con. to Jan., '77. funded.
•
108
108
114**114*
108
109
108
108*
115
108
115
99
108
115
109
2d m.,pref.....
do
do 2d m.,gr. by W.Oo.J&J
do 6s, 3d in., guar., J.&J
Mar. & Cin. 7s, ’92, F. & A,...
do
2d, M. & N
do
83,3d, J.&J
81%
47%
Union RR. 1st, guar., J. & J.. 108
do
Canton endorsed. 108
+
1110
t 11J* 118*
RR. 7*308.1 118 107
6s, gold.f 106*
6s. long., .t 107
do
7s, lto 5 yrs..+ 104
do
7 & 7-30s, long.1 110
130
Cln.& Cov. Bridge st’k, pref.
Oin. Ham. * D. 1st m. 7s, ’80 + 100*
do
2d in. 7s, ’851 103
100
Cin. Ham. & Ind., 7s, guar. .1
1 .105 105*
Cin. & Indiana 1st m. 7s
102
do
2d m. 7s, ’<7. .3 101*
Colum. & Xenia, 1st m. 7s. ’90 +106 ioa
Dayton & Mich. 1st m. 7s, *814 101*
do
2dm. 7s,’84.+ 103
do
3d m. 7s, ’88+ 102
do
South.
do
do
Hamilton Co., O.,
Dayton & West. 1stm.,
1st m.,
do
do
*81...+
1905.1
1st m. 6s, 1905 1101
100
Ind. Cin. & Laf. lstm.7s....t
do
(I.&C.) 1st m. 7s,’881 105
Little Miami 6s, ’83
t 102*
73*
73
Cin. Ham. * Dayton stock..
125
Columbus * Xenia stock....
55
54
Dayton * Michigan stock... 119
120
do
8. p.c. st’k, guar
120* 120*
Little Miami stock
LOUISVILLE.
Scrip
Pa.&N.Y.C.& RK.7s, 1896 ... 123 124
do
1906 ...
Pennsylv., let m., 6s, cp., ’80. 102*
116
iis
do
gen. in. 6s, cp., 1910.
119
do
gen. m. 6s, rg.,1910. 118*
do
do
SOI* 102*
106
105
.
....
108*
Junction 1st mort. 6s, ’82....
do
2d mort. 6s, 1900 ..
Lehigh Valley, lst,6s,cp., 189
do
do reg., 1893..
do 2d m. 7s, reg., 1910.
do
do
50
...50
Cincinnati 6s, long
do
7s
do
7'80s
Chartlers Val., 1st m.
Delaware mort., 6s, various..
110
Del. & Bound
East Penn. 1st mort. 7s,
..
119
do
do
do
do
Maryland
CINCINNATI.
Catawlssa lst,7s, conv., V2...
do
chat. m.,10s,’88 ..
do
100
....
7s, ie79..
Burlington Co.
Par.
^
mort. 68, ’89
& Atl.lst m. 7s. g.,4*93
21 m. cur.
80
*
114
do
79
70
Parkersb’g Br..50
Northern Central
3dm. 6s,’37..
AAmboy 6s,coup,’83 i07
6s. coup., ’89
do
do
Cam.
*78
81
iOl*
1st pr< f
2d pref
Wash. Branch.100
co
do
Camden
J08
.
*
112
do
70
Central Ohio
50
Pittsburg & Connellsvllle..50
RAILROAD BONDS.
36% 37* Balt. & Ohio 6s, 1880, J.&J....
6s, 1885, A.&O. -.
do
N. W. Va. 3d m.,guar.,’85,J*J
Pittsb.* Connell8V.7s/98,J*J
Northern Central 6s, ’85. J&J
1*4
15*
do
6s. 1900, A.&O.
do 6s, gld, 1900, J.&J.
Ceti. Ohio 6s, 1st m.,’90,M.& S.
W. Md. 6s, 1st m.,gr ’90,J.&J.
115* 117
do
1st m., i890, J. & J....
22
do
2dm.,guar., J.* J....
1st m., 6s,1902.
2dm. 6s.’85..
Belvidere Dela.
105
68,exempt/3S,M.&S
0s, 1900, Q -J
do
37
*
Navigation
105* 105*
1885..
1910. '80*
70%
RAILROAD STOCKS.
!9% Balt.* Ohio....
32
>
....
Lehigh
118
do
68, exempt, 1887...
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6b, iSSl. quart.....
do
6s, 1886, J.® J.......
do
6s, 1890, quarterly...
do
6s, park, 1890, Q.—M.
do
6s, 1893, M.& S..'....
....
8ROURITIK8.
33%
do
do pref. 160
United N. J. Companies......
West Chester consol, pref....
West Jersey
CANAL 8TOCK8.
Morns
do
pref
452,345,265
54*
101* 102
50* 51*
54
54%
16* 17
PittsburgTitusv.& Buff.....
pref.
do
st Paul* DuluthR.R.Com
Chesapeake* Delaware
Delaware Division
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Kan.
Pennsylvania.
Philadelphia & Erie
Pnlladelphia & Reading
Philadelphia & Trenton
Phlla.Wilmlng. & Baltimore.
Agg. Clear
*
* 3....276,706.200 48,282,100 12,723,500 242,087,100 23,748,600
10....270,110,100 51,473,500 14,097,800 246,995,600 23,812,900 057,695,260
17....276,990,900 53,558,600 15,914,200 253,731,900 21,635,900 787,728,198
24....280,068,600 51,832,200 17.143.500 257,483.700 21,662,900 743,125,031
31....283.194.500 50.312.800 18,586,000 259,675,900 21,529,900 772,270,895
Feb.
7....290,381,600 52,994,600 16,431,900 264,404,200 21,683,200 720,978,130
14....290,445,200 54,746,500 16,680.000 207,128,100 21,599,600 683.453,357
•V 21....290,091,200 59,887,200 15,505,500 271,601,000 21,282,200 795,314.114
28....293,545,600 57,413.300 14,168.000 271,012,800 21,174,000 725,419.855
Mar.
0....297,135,500 58,055,000 12,130,400 271,483,400 21,002,100 895,014,025
13....297.256,900 57,927,900 11,652,400 270,381,000 20,907.100 827,801,840
20
294,407,400 55,440,100 11,555.100 264,538,200 20,975,800 748,481,804
27....290,866,700 54,773.800 11,272,500 260,340,500 20,995,200 644,453.967
April
3 ...290.639,500 53.669.300 10,847,500 259,306,800 20,981,600 771,019.670
*
10
283.470.900 52.023.600 11,935,900 2515,267,800 20,987,900 810,774,898
17....284,250,800 50,050.800 13,866,000 253,519,800 20,843,000 849,817.403
Note.—With December 27 the Grocers’ Bank disappeared from the list.
Jan.
59
54
Norristown....
North Pennsylvania
243,000
112
7s,boat*car,rg.,t9l5
’.918 .*
BALTIMORE.
Maryland 6s, defense, J.& J..
1*
,
Mlnehlll
The deviations from returns
Loans and discounts
. .
Schuylkill....
115
104
do
13*
do pref,
*52%
do
Lehigh Valley.
12
Susquehanna 6s, coup..
pref.,
Lancaster.
Huntingdon* Broad Top...
Little
1.383.700
1.272.700
2,308.000
52
do
450,000
450,000
101*
Schuylk. Nav.lst m.6s.rg./97
do
2d m. 6s, reg., 1307
do 6s, boat*car,rg.,1318
Mt. Joy *
13,151,700
979.800
Pennsylvania 6s,coup.,
Elmira *■ 'Williamsport.......
558.500
3,049.400
96.200
275.000
321.200
67.600
146.900
51,000
Morris, boat loan, reg.,
81
16
Brook....
2,846,000
138,000
27.000
do
do
do
do
pref.....
do
new pref...........
Delaware & Bound
East
1,486,000
45,000
98
6?
88
111
9.
m. conv. g., reg.,*94
100*
mort. gold,’97.... 100
104*
cons. m.7s, rg.,1911 104*
mort. RR., rg
do
pref
Pennsylvania.
66
87
107*
Lehigh Navlga. m.,6s, reg.,’84 110
RAILROAD STOCKS.t
Camden & Atlantic.........••
do
Har. P.
100
Chesap. & Dela. 1st 6s, rg..’86
Delaware Division 6s, cp./78.
6s, coupon..
do
86
118
105
cons.
CANAL BONDS.
6s, coupon
ao
lib
,
6s, coup
coupon,.....
7s, reg. & coup.
Harrisburg City
60,475,200 284,250,800 50,050,800 13,866,000 253,519,800 20,343,000
Total
48,coup., 1913....
709.000
161.000
313.300
270.500
3.998.700
104*
Camden County
Camden City 6s,
446,600
450,000
16.851.90C
628,400
810.200
79.700
758,700
81,800
1,020,200 14,484.200
122
123
5b, reg. & cp., 1913.
6a»
reg
7b,w t’r ln,rg. &ct>. 105
str.imp., reg.,’83-86.
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
do
Delaware
60
84*
m.,6s,g.,1905
do
lnc.&l. gr.,7s 1915
Union & Titusv. iBt m. 7b, ’90.
United N. J. cons. m. 6s,’94..
Warren & F. 1st m.7s, ’96
West Chester cons. 7s, ’91
West Jersey 6s, deb., coup.,’83
do
1st m. 6s, cp.,’96.
do
1st m. 7a,’99
do
cons. 0s, 1909 ....
Western Penn. RK. 6s,cp.1899
do
6s P. B.,’96.
do
do
io
do
do 7s,
3.900
563.000
42.500
Syra.Gen.* CornV,lst,7s,1905
Texas & Pac. 1st m ,6s, g.,1905
County 5s, coup
Allegheny City 7s, reg.....
7.951.600
Market...
116
122
65
Stony Creek 1st m. 7s 1907....
Sunb. Haz. & W.,lst m.,5s,’23.
Sunbury & Erie letm.7s, ’97..
Allegheny
900.000
1.891.200
1.801.000
over
conv.
90
do mort., 7s, 1892-3
Phila. Wilm. & Balt. 6s, ’84....
Pitts.Cln.&St. L. 7s, cou.,lS0G 115
do
73, reg.,19iH)
do
Shamokin V.& Pottsv. 7s, 1901 i'll
Steubenv. & Ind. 1st, 6s, 1884.
64
state and city bonds.
Penna. 5s, g’d, int.,reg. or cp.
do
5s, cur.,reg ....
do
5s, reg., lbS
....
115
do
5s, new, reg.,
101*
do
68,10*15, reg.,li7»107*
do
6s, 15-25, reg.,
uu
do
6s, In. Plane, reg.,
do 6s,n.,rg.,1895*
do 4b, various
86*
6s, 1903 ....
6s g., 1837...
7s, 1893*
do
7s, coup, off, ’93
Phil.*R.Coal*Iron acb.7s,92
do
deb. 7b. cps.off
81*
118*
ten. m.
o
ao
PHILADELPHIA.
1,428,600
7.835.200
2.590.900
do imp. m.
31
Philadelphia, 5s reg
do
6s, old, reg......
do 6s,n.,rg., prior to 95
37.300
-627.900
450,000
4.192,300
3.276.200
1.990.900
3.214.700
8.358.600
1.192.500
2.273.800
r
106
117
18<9
473,800
2.880.500
8,795,000
10,576,200
112*
-1892.
189*-19U2
82.
1882- 92.
658,700
714.100
920.000
221.200
100.300
272.700
678.900
'
795,600
2.148.500
1.235.700
78
112
Worcester* Nashua
628,000
2.676.600
84.700
33*
33*
Rutland, preferred
Vermont & Massachusetts..
1.100
1.914.800
1,074,300
12,416,800
169.500
564,000
400
562,400
44,500
6,807,400'
470.200
432.300
284.200
104,000
20,600
449.300
108,100
648.100
845.900
Old Colony
-•
Portland Saco & Portsmouth
Pullman Palace Car
Pueblo & Arkansas
.
,
495,000
6,128,200
2,500,000
...
pref..
do
11,581.000
1.730.400
600,000
Park
Mech. Bkg. Ass’n
North River.
East River
Fourth National.
Central Nat
8,600,000
4.443.400
4.926.400
Champlain
Ggdensb. & L.
1,000,000
Citizens’
Nassau
345,000
162.000
175.800
1,880,000
578.400
S
*
*
Phil.* Read, deben., cp.,’934,
do
do
54*
cps. ot.
87
do
87*
scrip, 1882
89
do
In. m.7s, cp,1896
do cons. m. 7s, cp..l9il..
118*
do cons. m. 7s, rg.,l9U.. 118* 120
do cons.m.6s.g.i.l911.... 108*
50*
England... 50*
90
Northern of New Hampshire
137*
Norwich & Worcester.
313.300
500,000
Metropolitan....
Nashua * Lowell
New York & New
Bid. Ask.
SKCTJRITIBS.
Manchester A Lawrence....
Net dept’s
Circula¬
Legal
other
tion.
Tenders. than U. S.
f
$
$
Pacific
Specie.
Bid. Ask*
8BOUBITIBB.
April 17, 1880:
Average
PHILADELPHIA., Etc.—Continued'
BOSTON,
statement shows
the condition of the Associated Banks of New York
week ending at the commencement of business on
City
rV0L. XXX.
THE CHRONICLE.
428
114
ios*
85
Louisville 7s
118
t 108* 108
104*
104'
104,
104*
wharf 6s
..1 104*
spec’l tax 6s of ’89.1 104*
Louisville water 6s, Co. 19071 107*
Jeff. M.&l.lstm. (l&M) 7b/8l1 100
do
2dm., 7s
1 105
do
1st m.,7s, 1906....t 115
Louisv.C.&Lex.lst m.7s/97t 115
do
do
do
do
do
do
6s,’82 to ’87
+
1
6s, ’97 to ’98
water 6s,’87 to ’89.1
water stock 68/97.1
Louis.* Fr’k.,Louisv.ln,6s/8l
Loulsv. & Nashville—
Leb. Br. 6s, ’86
1 104*
1st m. Leb. Br. Ex.,7s/80-85.t 104
Lou.In.
do
68, ’93...t 104
Jefferson Mad. * Ind. stock, 103
t And
Interest.
105
105
105
105
105
107*
101
105*
115*
115*
t
April 24,
BONDS IN NEW YORK.
Prices represent the per cent value, whatever the par may be.
QUOTATIONS OF STOCKS AND
active Railroad Stocks are
U. S. Bonds and
quoted on a previous page.
BON JDS.
STATE
Bid.
SECURITIES.
Alabama—Class A, 2 to 5
Class A, 2 to 5, small
Class C, 2 to 5
Arkansas—6s, funded —
7s, L. Rock & Ft. Scott iss.
7s, Memp. & L. Rock RR .
7s! L. RP.B.& N. O. RR.
7s, Miss. O. & R. R. RR.• •
Central RR.
Connecticut—6s
Georgia—6s
7s, new
7s, endorsed
7s, gold
SECURITIES.
59
Louisiana—7s, consolidated
-
-
*
♦
87
70
.
.
.
5
.
.
.
112
....
*•••••••
l66*
Illinois—6s,coupon, lb79...
100
100
War loan
Kentucky—6s
•
•
•
....
RAILROAD
....
70 *
...
Intern’l & Gt. Northern....
Keokuk & Des Moines
46%
Long Island
Louisv. N. Alb. & Chicago..
...
§85"
90
Metropolitan Elevated
N. Y. Elevated
N. Y. New Haven & Hartf.
N. Y. Ontario & West.,pref.
97
115
161
-
§78
....
-
*
-
§24%
117% 118%
Stonington
130
....
118%
....
•
113
120
§26
§05
Terre Haute & Indianapolis
Texas & Pacific
Toledo Peoria & Warsaw..
United' N. J. RR. & Canal ..
....
•
•
*
-
-
-
39
•
•
•
mortgage, ’84
1st mortgage, 1891
do
extended.
do
Coup., 7s,’94
do
Reg. 7s, ’94.
1st Pa. div., coup., 7s, 1917
58%
do
....
52%
§37
35
....
Excelsior Mining
Gold & Stock Telegraph....
Homestake Mining
La Plata Mining
Leadville Mining
Little Pittsburg Mining ..
§20~
Mariposa L’d & Mining Co.
do
do
pref.
Maryland Coal
§3
Montauk Gas Coal....
32%
-
-
Pennsylvania Coal.
Pullman Palace Car
107
201
117
150
30
6%
....
•
•
•
....
210
...
15
71
Silver Cliff Mining
Standard Cons. Gold Mining
§4
27
•**
•
•
.
Railroad Bonds.
City & West’n,lst 7s
Central Iowa, 1st m.7s, 1899
Chesap.& O.—Fur. m’y fund
6s, gold, series B, int. def.
6s, currency, int. deferred
Ghloago & Alton—1st mort
Income
.
98" 98%
100
68%
42%
Miss.Riv.Bridge,lst,8.f,6s
Chic. Bur. & Q.—8 p.c., 1st m
l&onsol. mort., 7s
Sis, sinking fund
Chic. Rk. I.& P.—6s, cp.,1917
1917, registered
Keok.& Des M., 1st, g., 5s
Central of N. J.—1st m., ’90.
1st consolidated
do
assented.
Convertible
assented
Adjustment, 1903
Lehigh & W. B„ con., g’d..
•
do
assent’d
Am. Dock & Impr. bonds.
do
assented
C*Uc.Mil.& St.P.—1st,8s,P.D
3d mort., 7 3-10, P. D
1st m., 7s, * gold, R. D
lstm., LaC. Dlv
ist m., I. & M
1st m., I. & D
1st m., H. & D..."tm.. C. &M
>n. sinking fund..
»d
_lpt
mortgage
m.,
112
115
109’ iio*
120%
95
116
:116
94
121
105
116
—
...
113%
121%
115
Kansas Pac.—
lstm., 6s, ’95, withcp.ctfs
1st m.. 6s,’96,
do
Den. Div. 6s ass. cp.ctf...
do
1st consol. 6s
Pacific RR. of Mo.—1st m.
2d mortgage
Income, 7s
1st m., Carondelet Br...
St.L. & S.F., 2d 6s.class A.
do
3-6s, class C.
do
3-6s.class B.
do 1st 6s,Peirce,C&O
South Pac. cf Mo.—1st m.
Texas & Pac.—1st, 6s, 1905..
Consol. 6s, 1905
Income and land gr’t, reg
Pennsylvania RR—
Pitts.Ft.W.& Chic., 1st m.
do
do
2d m..
do
do
3d m.
Cleve.&Pitts., consol., s.f.
112
...
114
....
....
....
....
—
112% 112%
112%
Erie—
1st mort., extended
2d mortg., ext’n 5s, 1919..
3d mortgage, 7s,
4th mortgage, 7s, 1880 ....
5th mortgage, 7s. 1888 ....
1920
....
4th mort...
Col. Chic. & I. C., 1st con..
do
2d con...
do
—
....110
ISO
do
....
N.Y.L.E.&W.,n.2d,con.,6s
do 1st, con., f, cp.,7s
2d,con.,f.cp.,os,6s
& St. Jos.—8s, conv...
125
117%
'SB
116%
105% 105%
Han.
Hous.& Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s..
1st mort., Waco & N., 7s.*
2d C., Main line, 8s
2d Waco &N., 8s ..
Inc. and ind’y, 7s..
Ill. Cent.—Dub.&Sioux C.lst
Dub. & Sioux C., 2d div...
Cedar F.& Minn., 1st m..
Ind. Bl’m & W.—1st, pref. 7s
1st mort., 7s, 1900,
2d mort., 1909
Ind’s Decatur & Sp’d 1st 7s
Int. & Gt. North. 1st 6s,gld.
Lake Shore—
Mich S. & N. Ind., s. f., 7s.
Cleve. & Tol., sink. fund..
do
new bonds.
Cleve. P’ville & Ash., 7s
Buffalo & Erie, new bds...
Buffalo & State Line, 7s..
Kal’zoo & W. Pigeon, 1st.
Det.Mon.& T., 1st, 7s.’1906
Lake Shore Div. bonds...
do
cons, coup., 1st
cons, reg., 1st.,
do
do
cons, coup., 2d.
do
cons. reg.. 2d ..
Louisv.& Nash.—Cons.m.,7s
2d mort./?s, gold
Cecllian Branch, 7s
Nashv. & Decatur, 1st, 7s.
L. Erie & West—1st 6s, 1919
Laf. Bl.&Mun.—1st 6s. 1919
Marietta & Cin.—1st mort..
1st
mort., sterling
80
90
90
97
,
,
105%
suppl.
do
do 2d
do
ass.
St.L. Va.&T.H., 1st g.7s,’97
do
2d 7s, 1898
122%
$105%
do
2d gtd.7s, ’98
105% 106
Phil.& Read.—
101%
Cons. coup. 6s
.....
,
t
T
117
117
V.
•
•
107% 108%
95% 97
106
109
106%
109%
94"
95"
75
75
70
68%
Galv. Hous.& H.—7s, gld,’71
Gr’nd R.&Ind—lst,7s,l.g.gu
1st, 7s, Id. gr., not guar...
Gr’nd R.& I.—1st, ex l.gr.,7s
95%
Hous.&
Gt.N.—Ist,7s,g.l900
09
....
Indianapolis & St.L.—1st, 7s
Indianap.& Vine.—1st,7s, gr
Kansas & Nebraska—1st m.
130% 131
125%
118
120
109
81
8i*
81*4
2d mort
119
»
*
e
9
*
»
•
•
do
118
Coupon 7s, 1911
Registered 7s, 1911
Improvem’t, coup., 6s, ’99
General, coup., 6s, 1908...
91
—
91%
—
i
do
—
—
95
100
....
....
—
110
105%
114
74%
62
....
101
100
107
’
....
Arkansas Br., 1st mort...
Cairo & Fulton, 1st mort.
Cairo Ark. & T., 1st mort.
St. L. Alton & T. H.—1st m.
2d mortgage,
—
do
...
74%
....
pref
income......
Belleville & So. Ill., 1st m.
St. P.& Sioux C—1st 63.1919
99% St. P. M. & Manit’a-lst, 7s.
2d mort., 6s, 1969
101%
Tol.Peo.&W.—
Pur. Com.rec’pts,
110% 111%
110
106%
114
117
111
1st
lst,E.D
mortgage, W. D
Burlington Div
—
1st
117%
%•
80"
66*4 67%
113*6 113%
103% 104
107%
101
112
104
94
110
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
2d mortgage, guar
,
South Side (L. 1.)—1st mort
South Minn.—1st m., 7s, ’88.
1st mortgage, 7s (pink)..
Extension
Tol. Can. S.& Det.—1st, 7s, g
Union & Logansport—7s—
U. Pac.—South Branch —
60"
$60
"
RAILROADS.
1 Ala.&Chat.—Rec’rs ctfs.var
Atlantic & Gulf—Consol....
95% Cent. Georgia—Cons, m., 7s1
....
,
...
—
....
—
....
...
....
....
—
....
—
...
...
.
...
these are latest quotations made
this week.
60*'
98
85
304
100%
90
303
100
79
105
102
110
100
100
104
96*’
iio*’
82
22%
89
108% 110%
100
75
108
80
105
70
39
106
55
20
5
5
93
27
84
80
50
22
85
110
105
85
86%
107%
70 ’
43
!09%
60
25
’
5%
94“
28%
•
•••
90
53
24
100
103
99
105
100
95
103
lOi”
70*?
98
95
105
100
72
74
98
100
112
113
40
STATES.
N. Carolina.—New 4s
.107% 109
Stock
1st St. L. div.7s,ex mat.cp. 105% 106% Charl’te Col.& A.—Cons., 7s
2d
mortgage, 7s
122
123
2d mortgage ext.i ex coup
East Tenn. & Georgia—0s..
123
Equipment bonds, 7s, 1883 f35
E.Tenn.& Va.—6s,end.Tenn
100%
118%
..
Consol, conv., 7s
108% E. Tenn. Va. & Ga.-lst, 7s.
119
Gt. Western, 1st m., ex cp
104
Stock
114% ....
do 2d m.,7s,’93,ex cp
Georgia RR.—7s
106% ....
Q. & Tol., 1st, 7s, ’90,ex cp. 104%
0b..
110%
I11.& So. la., 1st m.7s,ex cp $... 104
Stock
111%
Hannibal & Naples, 1st 7s
Greenville & Col.—7s, lstm.
98% 99%
St.L. K.C & N.R. E.& R.,7s 105' 109
7s, guar
101% ....
Omaha Div., 1st mort., 7s
95
Macon & Aug.—2d, endors.
109
Clarinda b., 6s, 1919...
304
105%
Memphis&
Cha’ston—lst,7s
St.Chas.B’dge,lst, 7s, 1908
116%
2d. 7s
101
101%
North Missouri. 1st m., 7s 116
Stock
121
West. Un. Tel—1900, coup. 110
110
Mississippi Cent—lstm.,7s
107
107%
1900, registered
2d
mort., 8s
$100%
Spring.V’yW.Works—1st6s
Miss. & Tenn—1st m., 8s, A
92% 93
Oregon R. & Nav.—1st, 6s..
1st mortga: 3, 8s, B
101% 101%
INCOME BONDS.
....
60
32
68
101
95
90'
(Brokers' Quotations.)
101%
T.&Wab., 1st ext.7s
....
58
Southern Securities.
....
Mortg. 7s of’79
....116
—
$ No prioe to-day;
St.L.Vandalia& T.H.—lstm
105
1U8
6s, 1909
108 ‘ 108% Mo.K.& T.—Con8.ass..l904-6
61% 62%, Central of N. J.-1908
108
2d mortgage, inc., 1911—
§1% 78
113
110% Chic.St.L.&N.O.—2d m. 1907, 75
H. & Cent. Mo.. 1st., 189®. $110
37% 37%
Col.Chic.&Ind.C.,inc.7s,1890
101%
Mobile
&
Ohio—New
m.,
6s.
97%
97%
53
Cent. Iowa coup, debt certs.
109
108
Nash. Chat. & St. L.—1st 7s. 114
45
50
109
106% ..... Ind’s B1.& W’n-Inc., 1919..
$108
N. Y. Central—6s, 1883
65
108%
Tnd’s Dec. & Sp’d, 2d Inc...
127;
6s, 1887
78
Int.& Gt. Nortnern—2d Inc *09%
113
6s, real estate
74
Leh. & Wilkes B.Coal—1888
US}
6s, subscription
62% 63
Lake Erie & W’n—Inc.7s,’99
N. Y. C. & Hud., 1st m., cp.
113}
70
08
126% Laf. B1.& Mun.-Inc. 7.1899
112
do
1st m., reg.
74%
73:
112
Mobile& O.—1st pref. deben
110
iii% Huds. R., 7s, 2d m., s.r.,’85
49%
43:
91%
2d pref. debentures
110
Canada South., 1st, int. g.
31
40
3d
do
114%
Harlem, 1st m., 7s, coup..
31
4th
do
do
1st m., 7s, reg....
110% 111
72
112
N.Y.LakeE.&W.Inc. 08.1977
N. Y. Elevated—1st, 7s, 1906
$103
51
Ohi« Central—Inc., 1920....
N. Wisconsin—1st, 6s
t And accrued late poet.
St. Jo. & Western stock..
St.L.& S.E.—Cons.,78, g.,’94
So.Carolina—Con., 0s (good)
Texas—6s, 1892
M.& S.
95
7s, gold, 1892-1910 . .J.& J.
117
7s,
1904
J.&J.
gold,
100% 101
;109
109% Virginia—New 10-40s
Past-due Coupons.—
$95
»5%
Tennesssee State coupons.
129
South Carolina consol
128
Virginia coupons
do
consol, coupons...
Wabash RR.—
........
•
"
pref. inc. for 2d mort.
lstpref. inc, for consol...
116
•
104
.-
2d mort
New Jersey So.—1st, 6s, new
St. Joseph & Pacific—lstm.
2d mortgage
7s, 1908...
do
$85% 85%
Inc. mort., coup., 7s, 1896.
106% 106% I Deb. mort., coup., 6s, 1893
Deb. mort., conv., 7s, 1808
109%
Rome Wat. & Og.—Con. 1st.
106% 107
St. L.&Iron Mount’n—lstm
106%
110
111
2d mortgage
2d
N.Y. & Oswego Mid.—Stock
Convertible bonds
82%
82% N. J. Midland—1st, 7s, gold.
Registered 6s. 1911
—
Long Island—1st mortgage.
N.Y.&Greenw. L.—lst,7s, n.
83
iiiT"
105
106%
Con. mortgage, 7s
7s, equipment
Evansv. & Crawfordsv. -7s.
Flint & Pere M.—8s, I’d gr’t
Consolidated 8s
102" 103%
102
93
100
106
93
107
96
Cin. Lafayette & Ch.—1st m
+106
Cin.& Spr.—1st, C.C.C.&I.,7s
109
1st m., g’d L. S. & M. S., 7s.
90
Denver Pac.—1st,7s,Id. gr.,g
Erie & Pittsburg—1st m., 7s 100
Stock
....
118
94
76% 78
Miscellaneous List.
....
111%
84
,,
„
—
Metropolitan Elev—1st,1908
Equipment bonds
IstTr’tCo.ctfs.ass.
do
.
105
56%
113%
77*6
ftf
....108%
104
96
Peoria Dec & E’vilJe—lncs.
116% St.L.I.M.&S.—1st 7s,prf.int.
2d int., 6s. accum’lative ..
116%
....
109% 110%
114
93
115
114
112
....
7s, I. & D. Ext
*3Moes nevtaab
120%
$103
109
Joliet & Chicago, 1st m...
Louls’a & Mo., 1st m., guar :112*
do
2d 7s, 1900. $94
Bt. L. Jack. & Chic., 1st m.
56%
9i% 92~
118
1st con., guar
Rens.& Saratoga, 1st,coup
1st, reg.
do
Denv.& It. Grande—1st, 1900
do
•
Iowa
105%
110% 111
$107
93%
registered
do
»
$115%
Long Dock bonds....
124
Buff. N.Y.& E, 1st m., 1916 120
05
107
55
118
—
.
2d mort..
3d mort..
1st cons, gold 7s,
pref
Stock Exchange Prices.
Balt. & O—1st 6s,Prk.b.l919
Bost. H. & Erie—1st m
1st mort., guar
Bur. Ced.R.& North.—1st,5s
Minn.& St. L., 1st, 7s, guar
7s. 1917
Susqueh., 1st m.
1883
§34"
ttt|
,
1*
59%
6**
2l"
-
38
•
Sntario
Silver Mining
regon Railway
& Nav. Co.
do
do
do
do
60"
....
reg.,
Albany &
105
100
Ill
94
iSinding 5s, 1899
(Brokers' Quotations.)
112%
Central Pacific—Gold bds. 112% 105
RAILROADS.
104
San Joaquin Branch
Atch.&P.P’k—6s,gld, ex cp.
104%
Cal. & Oregon, 1st
Bost. & N. Y. Air-L—1st m.
105
State Aid bonds
Cent, of la.—1st m., new....
104*6
Land grant bonds
2d
110%
Western Pacific bonds.. 109
Stock
97 % 98%
South. Pac. of Cal.—1st m.
Can. So.—1st m.,g.,7s
Chic.&
Union Pacific—1st mort.. 112*4 112% Chic. & E. Ill.—S.F.c’y,1907.
111
111%
Land grants, 7s
Income bonds
115
Sinking fund
Chic. St.P.& M’polis—1st, 6s
114
Registered, 8s
Landgrant Income, 6s....
105%
Collateral Trust, 6s
Chic.& Southwest.—7s, guar
113% 114%
2d mort
bonds, 1900
construct’n
7s of 1871
1st con., g’d.
1st
....
2%
—
8“
93%
Pacific Railroads—
110%
„
Del.& Hud.Canal—
iei"
'
§7
Peoria Dec. & E’ville, 1st 6s
110
Morris & Essex, 1st m..
do
do
do
do
do
60
American Coal
Boston Land Company...
Boston Water Power
Canton Co., Baltimore—
Caribou Consol. Mining...
Central Arizona Mining..
Central N. J.Land Imp...
Climax Mining
Colorado Coal & Iron
Consolidation Coal of Md
Cumberland Coal & Iron..
Deadwood Mining
2d consolidated
1st m., Springfield div —
Ohio Cent., 1st m., 6s, 1920.
129
•
47% 48%
105% 106
Wells, Fargo & Co
os,
Consolidated
m...'.
7s, convertible
Mortgage 7s, 1907
116%
54%
STOCKS AND BONDS.
NeVada Central—1st m. 6s.
Ohio & Miss.—Consol, s. f’d
101% 102%
Syr. Bit gh. & N. Y., 1st, 7s
....
1H% 112%
58
.
Sinking fund
Iowa Midland, 1st m., 8s. $115
Galena & Chicago, exten. $104%
Peninsula, 1st m., conv.
114
Chic. & Mil., 1st
108%
Winona & St. P., 1st m.
$110
do
2dm..
C. C. C. & Ind’s—1st, 7s, s. f. 120
Consol, mortgage
C. St.L.& N. O.- Ten. lien 7s
111%
1st con. 7s
Del. Lack. & West.—
Miscellaneous St’ks.
Adams Express
American Express
United States Express....
..
109
117
si*'
Registered
6s 1886
Rhode Island-^-6s,coup.’93-9
122% 123
36
Small
Ohio—6s, 1881....
MISCELLANEOUS
2d
class 2
class 3
do
do
....
•
Peoria Decatur & Evansv..
Pitts. Ft. W. & Chic., guar,
do
do
spec’l.
Rensselaer & Saratoga
Rome Watertown & Ogd...
St. Paul & Duluth
do
do
pref.
<
Special tax, class 1
....
pref.
Sinking fund
106
106
107
107
106
117
118
117%
Registered gold bonds.... 116%
105
....
1868
New bonds, J. & J
do
A.&O
Chatham RR
iio%
5
>* **
Virgina—6s, old
11
6s, new, 1866.....
..
11
6s, new, 1867
6s, consol, bonds
18%
18%
6s, ex matured coupon....
6s, consol., 2d series
6s, deferred
D. of Columbia—3'65s, 1924.
coup,
do
1869.)
6s, new
6s, new series
off, J. &J.
.
Consol, bonds
Extension bonds
1st mortgage
Coupon gold bonds
....
127
Harlem
Ind Bloom. & Western....
do
AND
coup,
Ask.
Tennessee—6s, old
off, A.&O.
Funding act, 1866.
109
South Carolina63, Act Mar. 23,
Non-fundable
29}
29}
A.& O
do
do
do
ide" 107%
Bid.
SECURITIES.
Ask.
6s, old, A.& O
No. Car. RR., J. & J
.
Frankfort & Kokomo
Quicksilver
119
....
§109
Albany & Susquehanna..
Boston & N. Y. Air L., pref. §48
Burl. Cedar Rapids & No...
Cedar Falls & Minnesota... § 18
119
Chicago & Alton, pref
Clev. & Pittsburg, guar— 112
Dubuque & Sioux City
do
New York—6s, loan, 1893 ...
North Carolina—6s, old.J&J
Chic. M.&St.P.—Continued.
3.-west div., 1st 6s, 1909.. $102
85
....
1st 5s, LaC. & Dav., 1910.
Chic. & Northw.—
109
Ill
Sink, f’d
107% —
Int. bonds
Railroad Stocks.
(Active previously quoted.)
do
Bid.
103
114
Michigan—6s, 1883
7s, 1890
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.
Funding, 1894-95
Hannibal & St. Jo., 1886..
do
1887..
do
New York—6s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883
6s, do 1891
New York—6s, loan, 1892
.
....
50~
46
Missouri—6s, due 1882 or ’83
....
„
48%
7s, small
’
SECURITIES.
Ask.
Bid.
Ask.
58
60
75
62
10
4
3
3
3
3
100
99
110
...
Class B, 5s
7s, Arkansas
429
THE CHRONICLE.
I860.]
95
+104
fill
H12
38
10
40
20
•
20
82
85
,80
106
100
,93
90
107
HO
105
95
95
98
109
*0
•
•
i0
110
112%
100
100
102
112
85
116
110
103
100
107 *
110
105
100
100
101%
97
30
102
•
•
•
•
• •
t
•
110 *
104
100
31%
106
107
110
102
118
100
114
100
N. O. & Jacks.—1st m., 8s... 110
112
Certificate, 2d mort., 8s... 107
....
Norfolk & Petersb.—1st, 8s.
1st mortgage, 7s
101
2d mortgage, 8s
102
180**
Northeast., S. C.—1st m., 8«. 125
2d mortgage, 8s
115
•
• • •
t •••
Rich.A Dan.—1st consol., 0s
t Southw. Ga.—Conv., 7s, ’80.
Stock
S.
Carolina‘RR.* ist
m.,
7s.
Stock.:
7s, 1902, non-enjoined —
Non-mortg. bonds
West Ala.—1st mort., 8s....
106
197
107**
110
104
102 100“
18
17
75
73
40% 42
m
liit
I No q notation te*day; latest sale this week*
2d mort., 8s, guar
Ill
Ill
CHRONICLE.
THE
430
NEW YORK
[Voi_ zxz.
SECURITIES.
LOCAL
Bank Stock List.
Capital.
Companies.
Mark’d thus (*)
are not Nat’;.
as
latest
dates..§
Amount
[Quotations by U. B. Bailey, Broker,7 Pine street.]
Pbioe.
Dividends.
Surplus
at
t-
Insurance Stock List*
Period 1878. 1879.
Net
Bid. Ask.
Last Paid.
Capital.
-■I
Companies.
100 3,000,000 1,545,c00
Exchange 100 5,000,000 1,870,400
10ft
250,000 188,400
America*
Am.
Bowery
25 1,000,000 1,184,900
82 2-)0
25
800,000
S34 90
100 2,000,000
Central
09.200
300,000
Chase
100
135.600
25
Chatham
450,000
100
300,000 3,270 700
Chemical
150.000
600,000
25
Citizens*
100 1,000,000 1,475 800
City
2
777,400
100
5,000,000
Commerce
1('9,000
Continental... 100 1,000,000
Corn Kxch’ge*. 100 1,000,000 882,700
04..00
25
250,000
East River
12,400
25
100,000
11th Ward*
36,000
Fifth
100
150,000
222,100
Fifth Avenue* 100
100,000
100
500,000 007.) Oo
First
863 400
Fourth
100 3,200,000
30
000,000 387.100
Fulton
753,2iX
50 1,000,000
Gallatin....
04 100
German Am.'
750,000
b5.<0 •
German Exch.* too
200,000
08,630
100
Germania*
200,000
lOOOu
Greenwich*
25
200,000
23,000
30
Grocers*
225,000
270
200
Hanover
100 1,000,000
Imp.A Traders’ 100 1,500.000 1.801,000
50
500,000 120. no
Irving
Broadway
Butchers’A Dr.
J. A J.
M.AN.
I.AJ.
1. A J.
J. A J.
J. A J.
.
....
.
..
8,400
100,000
f.O
7
100
Seventh
A
ard. 100
Second
100
Shoe A Leather 100
Sixth
100
flute
of N. Y.. 100
100
Tradesmen’s... 40
Union
50
West 61de\.... 100
Third
Jan.,
*80.
’79.
’80.
’8J.
’80.
M.AN.
A.A 0.
F.A A.
May.
Jan., ’80. 3
Ja
Jau.,
1,000
037.500 F.A A.
119.900
52,800 J. A J.
92,400 J. A J.
170,100 J. A J.
45 200 J. A J.
267.300 M.A N.
94.000 J. A J.
250 500 J. A J.
095,300 M.AN.
1 • 0.600 J. A J.
.
.
8
7
8
2
.
•
....
10
0
8
6
•
•
•
•
•
„
_
’79. 2k
’79. 3
VO
Howard
Importers’*
ioi
3
8
8
0
7
7
8
12
10
8
and of date March 20,1880, for the State hanks.
5
0
149
2k
90
93
U5
Brooklyn Gas Light Co
Citizens’Gas Co (Bklvn)
no
100
121
130
do
Harlem
bonds
1,C00
Manhattan
Metropolitan
do
certificates
Mutual, N. Y
do
Brooklyn
do
100
10
Williamsburg
scrip
Metropolitan, Brooklyn
Municipal
bonds
750 000 M. AN.
....
Fulton Municipal
wuojatluni*
Var
M.AN.
M.AN.
J. A J.
M.AN.
J. A J.
F.A A.
Va-.
_
I
|
ii.v
■
1,000,000
700,000
4,000,000
1.000,000
1,000
300,000
Var.
300,000
50
400,000
50 1,000,000 Quar,
Var. 1,000,000 J.& J.
100 1,000,000 M.AN.
100 1,500,000
scrip
do
do
bonds
certificates.
do
do
Central of New York
do
4,000,000
2,500,000
l.OOOiOOO
25
People’s (Brooklyn)
do
1,850.000
750,000
Var.
Var.
A. AO.
F.*A.
I.AJ.
J. A J.
M.A S
iM. AS
5,000,000 Quar.
1,000 1.000,000 F.A A.
...
bonds
(Tew York
315,000
50
20
50
100
V*r.
100
Jersey City A Hoboken
Nassau.
2,000,000
1,200,000
20
100
/l,50.',000/
&
5
Date.
119
...
NOV. ’79 128
2k Feb;, ’80
7
3
7
5
5
1898
72k
!00
Feb
,
’80 137
3k Feb., ’80 100
Ik Juy, ’79 80
1882
2k Feb., VO
3k Nov, ’7M
4
May, ’79
3k Jan., ’70
7
1897
3k Jao., ’80
3
AU$., ’79
lk Jan.. ’80
3k Jan., ’80
2k Jan., ’80
5
0
10)
55
95
107
37
95
75
50
72
95
00
•ian.. ’80 180
1888
105
1
95
..
.
•
.
itt mortgage
Brooklyn City—slock
1st mortgage
B oadway (Brooklyn)—stock.
Booklyn A Hunter's Pt—stock.
1st mortgage bonds
Buihwick Av. (fl’ifcfpn)—stock..
€e Ural Pk., y.dk E. River— stk.
loo
1,000
J>
J
A J
094,000
2,100,000 Q—J1,500,000 I. AD.
.
.
io
2,000,000 Q-F.
l ,000
800,000 M.AN.
100
200,000 Q-J.
100
1,000'
100
100
Consolidated ^ortgaeebon s 1,000
loo
Christopher A Tenth St.—stock
Be lids
900,000 J. A J.
84
104
00
100
109
40
100
85
0)
77
100
70
185
no
100
1.C00
400,000 A. A O.
300.000 J. A J.
500,000 J. A J.
1,800,000 J. & J
1,200,000 J. AD.
ejo.oro F.A A
250,000 J. A J.
2
7
.
Central Oro#s lown- stock.
I t mortgage..:
-
..
Boust 7i, West st.APttv.F’y—atk
Ut m rtguge
Second Av.nuc—stock
bdm.rts'ssre
< ons.
Extcson
Sixth Avenue-stock
100
500
100
.
Convertible
t.
1 t mortg.-.ge
Tbiti Avenue—stock
100
1,000
3
7
200,000 M.AN.
7
4'
7
3
7
100
J. AJ.
A.AU.
M.AN.
M.AS.
M.AN.
J. A J.
2,000,000 Q-F.
1st ■'•ortgage
1,000 2,000,000 J. A J.
1st *"ortga»e
100
1,000
Tieenttf’tkira Street—stock....
•
<
■-
.
show« t>»«t dividend on
an extra i ividend.
0111 mn
i This is
7
250.000
500.000|J. A.T.
1888
93
102k
85
Jan., ’30 74
Dec. 1902 106
2k Feb.,’80
ttfwi non
1,199,500
150,000
1.000 1,050,000
SOOAc.
200,000
J00
750,000
1,000
415,000
1,000
.
Apr., ’30
2k Jan., ’80
Pock, jc.. a. u Bauery—tus.
100 1,200.000 Q-F.
mortgage, cons’d
500&C
900,000 J. AD
El., hh Avenue—stock
100 1,000,000 Q—J.
isim>rtgage
1,000
203,000 J A J
42d \t..A Grand St Berry— stock
100
748,000 M.AN. t5
let mortgage.....
1,000
230,000 A.AO. 7
u
let
21
H Jan., >-0 18
J’ly.l900i 97k 101
* pr., 'FOi >*8
95
July. ’84 102k 105k
3k Feb., 80 150
7
Nov., ’80 102
3
Apr., '80 140
7
1890
W0
Feb., ’80 115
Jui.e, ’93 .110
Apr , ’80 100
•
an., ’81 100
Feb., ’80 170
Apr., ’93 110
25
NOV.1904 99
20
July, ’94 98
2k •Tan., ’80
7
7
7
5
7
5
7
4
02k
Apr
,
47k
’85 10U
May, ’88
Sept..’83
92k
93
M*y. ’77 125
July, ’901110
Fe '., ’80 150
July, ’90i 103
200,010
290,776
193,014
4,938
134,907
97,680
31,104
253,533
34,202
182,909
soo!oo6
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
*
155
110
150
100
105
95
77k
110
07
95
120
115
175
110
180
115
on
id
12
11
392,052 20
89,737 20
350,000
200,000
200 000
®
Jan..
*
8k
11
7
10
14
10
30
7
20
5
14
10
109.090
121,591
28,519
137,084
102,389
215,455
121,502
443,095
10
10
20
10
10
20
17k
12k
10
14
10
12
10
20
July,
'SO. 5
’79.10
’80. 8
’80.10
’80.10
’80. 5
’80. 5
’77. 5
’80. 0
’80.0*85
’80. 7k
10
Jan.,
13*05 Jan.,
15
Apr.,
J an.. ’80.
10
3k
10
Feb., m 5
Jan., 80. 7k
15
«k
20
20
12
18
15
20
10
10
5
10
20
20
9
10
12*85 0 23
190,048
103,739
407,0«0
43,577
26,725
175,334
10,841
150,000
150,000
1.000,000
200,000
300,000
200,000
200,000
200,000
500,000
200,000
200,000
300,000
250,000
300,000
250,000
10
11
10
10
16
10
12
10
20
20
10
10
12
20
10
20
14
N’ne
N’ne
11
10
30
12
517,458
108,148
500,000
20
3k
1
10
316,395 20
130,185 17
20,008
1,005
Jao., ’80. 6
Jan,,
Dec.,
Feb.,
Jan..
Jan.,
Feb.,
5
10
10
10
20
5
10
20
10
20
10
10
20
10
12
140,928 20
238,100 30
103,590 20
86,832 10
169,702 20
109,954 18
147,011 20
101.513 14
150,000
200,000
150,000
200,000
10k
20
10
10
j10
0,488 13
10
13
5
12
10
Bid. Ask
•
3k
5
170
190
117
130
5
12
8
20
12
20
12
10
10
Jan.,
Jan.,
Jan.,
£k
20
J*n.,
Feb ,
9-73 Ian.,
12
Jan.,
10
8k Feb.,
10
10
11
10
Jan.,
Jan.,
Ja'*.,
Jan
20
Jan
,
.
•
•
.
123
140
87k
107
•
95
105
123
181
190
• • •
102
•
*«
130
5
7
5
•
••
00
.
Jan
•
,,,
120
138
Y35
111)
Jan.,
Jan.,
7k 250
Ian.,
3k 05
Jao.,
7k 125
100
Jan.,
5
80
>an.,
5
130
Jan.,
5
55
Jan., ’79.
Jan., VO. 5 100
95
Jan., ’80. 5
00
Jan., ’80. 8
155
Mar., •80 5
Jan., VO. 0 170
Jau., ’80. 5
50
Jan., ’80. 5 120
Jan., ’80. 5 100
85
Jan., ’80. 5
125
Jan., VO. 5
Jan., V0. 4
135
Jan., ’80. 0
Jan., ’80. 5
150
Jan., ’80. 0
156
Jan., 80. 7
«5
Jan., •80. 5
jan., *80. 5 120
Jan., VO. 5 115
155
Jan., 80, 7
Jan., ’80. 5
100
155
Jan., ’80 5
110
Feu., ’80. 5
Jan.,
Jan.,
Apl.,
Jan.,
Jan.,
Jan.,
...
•
*,*,
8
•
....fl
200*
115
175
180
95
100
...*
10
13
10
20
10
15
12
•
’80.
•80.
’80.
VO.
VO.
’80.
’SO.
’80.
’80.
’80.
’80.
'80.
125
93
185
195
•
20
20
.
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
...
140
115
•
•
•
•
70
•
•••
165
90
133
•
••«
.
..
,
102
70
141
....
125
130
8D
140
110
160
•
*
•••
•
• «
130
•
•
•
•
160
L09
...
120
70
85
’79. 5
ire
’80. 0
100
110
’80. 4
200
’80. L0
115
108
’80. 0
180
VO. 10
105
112
’80. 0
130
125
VO. 5
90
’80. 5
71
’80. 3k ‘08
105
100
’80. >0
70
55
’80. 3
180
’80. 5*23 125
105
102
’80. 5
80
’80. 3k 70
120
115
’80 5
105
100
5
’80.
130
’80. 5
110
VO. 5
203- L...
’80. 10
....
...
.
•
•
•
..
.
•
13urplus
including re-insurance, capital and scrip,
City Securities*
[Quotations by Daniel A. Moban, Broker, 37 Pina Street.]
Pbioe.
Interest.
i02*
.
7
2
7
Last Paid.
10
20
18
20
17k 12k
10
10
10
10
10
12
12
78,922
150,000
*
Over all liabilities,
includes scrip.
Feb. ’78 «7k
Jau., ’80 150
June, ’79 193 201
*
loo
1,000
50
Republic
t 100
25
Rutgers'
St. Nicholas.... 25
50
Standard
100
Star
100
Bterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
10
Westchester...
Williamsb’g C. 50
116,815
280,o6o
87k
85
500,000
200,000
200 >66
50
50
50
131
75
105
75
160
B. L. Grant. Broker. 145 Kronnway.)
Bxecker St. A Pulton Berry—stk.
1st mortgage
Broidway A Seventh Ate—sik..
i50>66 120 806 20
500>66 085,945 10
54,530 10
200,000
8,000,000 1,320.785 10
4,089 10
160.000
50
50
New York Fire 100
N. Y. & Boston 100
New York City 100
50
Niagara
North Elver.... 25
Pacific
25
100
Park
Peter Cooper..-. 20
Phenix
Relief
Bid. Ask.
*
Montauk (Bkn)
Nassau (Bklyn)
National
N. Y. Equitable
People’s
*
Amount. Period.
25
200,000
25
Longlsl.'Bknf 50
LoriTlard
25
Manuf.A Build 100
Manhattan
100
Mech.&Trad’rs’ 25
Mecb’lcs’(Bkn) 50
Mercantile..
50
Merchants*
....
*-»
Par.
200>66
100
Lamar..
Lenox
io
22
10
30
7
118,251 20
343,749 40
22,908 10
200,000
.
Oas and City Ball road Stocks and Bonds*
[Gas Quotations by George H. Prentiss, Broker, 24 Broad street.]
Gas Companies.
1,000’666
40
50
Latayette(Bkn >
no
#
10
752,754 30
l’ooo’ooo
20
Knickerbocker
130,442
875,000
200,000
25
50
T.. 50
100
.
* 30
Rings Co.(Bkn)
3k
120
Jan., ’80. 3
J an., ’80. 3k
3
*79.
ioi
Jan.,
July, ’74. 3k
iFcb., ’80. 4
103
Jau., ’80. 3
Jau., *8). 3
5
’80.
Jau.,
ian. ’80. 4
130
Jan., ’80 3
May, ’80. 3k
jan.. ’80. 3k
Jan., ’80. 3k
Nov, ’79. 4
Jan.. ’80. 0
0
?k
.Jefferson
inn., ’80. 4
May, '80. 2k
....
3
9
10
0
7
3
Irving
115
121
140
74
3k 128
July,
Tau., ’80. 3k
3
•
Firemen’s
Firemen’s Tr..
Franklin A Kuip 100
German-Atner. 100
50
Germania
50
Globe
25
Greenwich
100
Guardian
15
Hamilton
Hanover
50
Hoffman
50
Home
100
Hope
3
’77. 3
.
7
•
140
120
235
<;an., ’80. 4
Jan., ’80. 4
7
8
10
0
io
30
5017
10
Farragut
«"
7k Feb.. *80. 3k
5
Jan., ’80. 2* iio
_
40
..
Exchange
2k
’80.
’80.
J n., VO.
Jan., ’80.
Nov. ’79.
9
12
5
8
8
••
.
Eagle
Empire City.... 100
.
2k July,
3
May,
7
Jan.,
5k Jan.,
7
Jan,,
0k
•
’80.
.
Continental., t 100
,
•80. 5
’80. 3
30
50
...
.
”e
10
12
5
7
8
8
•
112
14
10
20
3oo;ddd
200j000 300,404 20- 20
20
196,447 20
153 >00
20
800>00 4>-0,579 20
210^000 103,429 17k 10-72
12
18
130,255
250,000
2,725 5
N’ne
300,000
18
200,000 112,401 25
1,000,000 1108,151 12-50 13 40
20
'3oo;ooo 544.412 20
73,858 14
10
200,000
99,155
15
10
200,010
15
200>00 138.833 15
08,930 12
10
204’66o
11
70,H7 12
150,000
70
100
Clinton
Columbia
Commercial
475,871 15
03,545 10
380,940 20
400,000
200,000
•
25
17
20
1
Citizens'
City...
79. 3
Jan., ’77. 3
7
’80.
3k
Jan.,
14
J>n., ’89. 7
4
8
’80.
Jan.,
Jan., ’78. 3
8
Jan.. ’80. 4
7
Feb., 80. 3k
2k July, ■79. 2%
3
’80. 3k
7k Jau., ’80. 4
8
Jan., ’80. 4
4
iNOV, ’79. 2
|f t
•
,
American
f 50
American Excb 100
25
Bowery
Broadway
Brooklyn
...
2k Feb.,
5
May,
3
May,
0
Nov.,
7
14
8
3
11
*
*80. 3k
July ’70. 3
3
'80.
Jan.,
.
1877. 1878. 1879.
Prio*.
• •
4
10
*80. 4
140
•Jan., ’80. 3k 110
Feb, ’80. 5
Jan. 1,
1880.*
Par. Amount
145
103
118
128
215
Apr., ’80. 5
0
Jau., ’80. 3k 110
7
Nov , ’79. 3k
7k Apl, ’80. 4 ijo
6
•
••
,’80.
120
t...
•
•
1700
*80. 3
„
M y,
0
5
•
•
Mar., ’80. 5
r
i
7
M.AN.
J. A J.
1. A J.
J. A J
T. A J.
J. A J.
J. A J.
F. A A
J. A J.
J. A J.
J. A J.
J. A J.
M.AN.
3
5
8
3
Mar., ’80. 3
10
12
0
10
J. A J.
3k 140
Jan., ’80. 3k
.
Q— j.
...
Bt. Nicholas...
Jan.,
Jan.,
3k
....
..
125,0' 0
1,500,000
too, "00
300,000
300,000
600,000
200,000
800,000
1,000,000
1,000,000
1,200,000
200,000
*
Ri-m ’ly 100
0
J. A J.
10
M.AN
1. A J.
8
J. A J.
F. A A. 10
J. A J.
3k
r. A J
0
T. A J.
.
50
100
*
6
..
Produce*
Republic
3* Ja3.,
Nov,
10
10
0
7
3
0
100
0
10
8
tf
j.
Leal her Manuf. 100
600,000 420.000
Manhattan*
50 2,050,000 ’.,035 100
Manuf. AMer.* 20
100,000
10,500
Marine
100
400,000 100,800
Market
100
500,000 271 >00
Mechanics*
918 S00
25 2,000,000
Mech. Assoc’n.
500,000
50
73,400
Mech’lcs A Tr. 25
200,000
14,000
M rc&ntlle
171,300
MAN.
1,000,000
100
Merchants’.
50 2,000,000
050,800 J. A J.
Merchants’ Ex. 50 1,000,000
112.000 J. A J.J
Metropolis*.
100
300,000
55,000 J. A J.
Metropolitan
100 8,000,000 1,111 800 •f. A ,i
T^O J. A J.
Mnriay Hill*.. 100 100,000
Nassau*
100 1,000,000
61,100 M.AN.
New Ycr»
780.100 J. A J.
100 2,000,000
N. Y. Countv.. 100
200,000
48,000 J. A J.
N. Y. N. Excb. 100
75 000 F. A A.
300,000
Ninth
iooJ 750,000 105,700 J. A J.
No. America*.. 70 700,000 144.000 J. A J.
North Elver*.
80
67.5* 0 J. A J.
240,000
Oriental*
25
300,000
172.800 J. A J.
Pacific*...
50
422,700 215,200 Q- F.
Park
332.500 J. A J.
too 2,000,000
People’s*
25
125,400 J. A J.
412,500
Phentx
20 1,000,000
172,900 J. A J.
.
,
•
J. A
...
Island City*...
8
0
11
10
Dividends.
Surplus,
.
Months
Rate.
NtW York:
Water stock
1841-68.
Croton waterstock.. 1845-51.
do
do
5
..1353-60.
Aqued’ct8tock.l865.
pipes and mains...
reservoir bonds
Central Paik bonds. .1858-57.
Croton
do
do
do
oo
.
..1853-65.
1870.
Dock bonds
Ib75.
do
1865-68.
Market stock
Improvement stock.... 1869
do
G.0
....I8t9.
Consolidated bonds
var.
Street imp. stock
var.
do
do
New Consolidated
Westchester County
.
do
do
do
do
do
do
May A November.
Feb., May, Aug.A Nov.
do
do
do
do
May A November.
7
0
May A November.
do
0 g.
do
5
5
do
do
do
do
do
do
7
0*
.
Feb., May Ang.ANov.
7
0
7
# g»
7
var.
Consolidate!
Asses meat
5
0
6
7
0
5
6
Payable.
do
do
January A July.
do
do
Quarterly.
May A November.
Bonds
due.
1880
Bid. Ask
100
104
101
105
107
m
1884-1911 100
124
1884-1900 110
113
1907-1911 100
109
108
1898
109
108
1895
122
120
1901
109
107
1898
118
1894-1897 117
108
107
1889
110
1879-1890 102
115
113
1901
1888
102* 105
105
1879-1882 102
115
113
1890
119
118
1894
106
105
1920
103
102
1884
1890
1883-1890 104
[Quotations by N. T. Bkbks, Jr., Broker, 1 New st.]
Brooklyn—LiOC&i itu lr’em’t
....
City bonds
7
7
7
7
7
do
Park bonds
Water loan bonds
Bridge bonds...
Water loan
City bonus
'
Kings Co. bonds
do
do
101
Park bonds
Ioi
Bridge...
♦All Brooklyn bonds flat.
0
0
7
6
0
0
Jaiuary A July,
lo
do
Jo
dodo
do
do
do
do
do
Mav A November.
do
do
January a July.
do
do
do
do
-
1879-1880
1881-1895
1915-1924
1900-1924
1904 1912
1899-1905
1881-1895
1880-1883
1880-1885
1924
101
102
125
103
111
L28
114
127
124
113
115
111
110
ill4
110
125
123
109
103
H0
1907-1910 113
115
55
102k
95
98
~T
[Quotations by C. Zabbiskie, 47 Montgomery St., Jersey
City.]
,
115
1«5
105
110
000,000 F. AA.
Feb.,'90 105
May. ’93 104k 108
250,000 M.AN. 7
stocks, but the date of maturity of bonds.
Jersey City—
Watei loan.long
do
1869-71
Improvement bonds
Bergen bonds
1868-69.
January A July.
January A July.
J. A J. and J A D.
January and July.
1605
101
1899-1902 1«)7
1891-94 105
1900
100
102
108
106
101
24, 1880. J
April
Miscellaneous liabilities
Interest due and unpaid on
Reserve fund, leased roads
luRjestnuetils
Balance to
AND
AND
STATE, CITY
CORPORATION FINANCES.]
account.
Total
Railroad.
West Jersey
SUPPLEMENT
The Investors’ Supplement is issued every other month,
the next number will be published Saturday, June 26.
December 31,1879.)
{For the year ending
INCOME
and
May&Millv. RR. Co.
'
"
Swedesboro Railroad..
Salem Railroad
REPORTS.
Pennsylvania Company.
{For the year ending December 31, 1879.)
following statement is given in the Pennsylvania
ACCOUNT.
Per cent.
Net.
$295,266
13,406
5426100
85i910O
23,834
23,693
$248,885
2,330
141
$583,723
$332,365
5694100
$251,35T
Expenses.
Earnings.
and Capo
West Jersey
“
ANNUAL
$329,69*
1,320
1,472,433
1,212,196
$27,007,983
registered bonds
6 per cent
credit of profit and loss
INVESTORS’
THE
r
431
CHRONICLE.
THE
$544,151
15,736
9941joo
$251,357
income
$253,812
The
Rail¬ totalwhich
deduct interest and rentals
197,939*
'
road report of gross earnings, net earnings ana profits and
Balance, net earnings after payment of all fixed charges... $55,873
losses on the lines west of Pittsburg:
27,195
Loss to be borne Out of which has been paid a div. of 2 per cent on $1,359,750.
Profit
loss, 1879, by Penna. HR. or
Net balance for the year carried into profit and loss ac’ct.. $28,678
Gross
over int.
Net
Penn. Co.
from operating.
Net earnings
To which
add receipts from
miscellaneous
sources—making
From
4
or
Penna.
Company-
Proprietary Dept
Union L. Bureau.
Pittsb. Ft. W. & Ch.
N. Castle
& B. Val.
Lawrence
Erie& Pittsburg...
Cleveland & Pittsb.
Ashtabula & Pittsb.
Northwestern Dhio.
Clev.Mt. Ver.&Del.
Massillon & Cl eve..
Grand Rap. & Tnd.
Gin. Richm.& Ft.W.
All eg. & Southeast.
Traverse City
Pittsb. an. <fc St. L.
earnings, earnings, rentals,&s.
$
$
585,842
645,983
760,863 *760,863
1,669,216
8,221,246 3,720,117 *922,366
*486
103,612
257,815
*8,693
78,074
173,452
588,153
175,096
2,609,593
1252,604
212,686
1,342,858
91 iqq
o qon
82,532
1433
322,066
6,618
217,437
232,653
tl9,940
59
432,645
'
80,012
34,072
272,539
66,395
58,685
74,144
433
3,606’,107 1,602’,546 *605,480
30,596
33,348
110,142
84,660
77,598
374,666
Ohartiers
Pittsb. Wheel.& Ky.
Ciu.& Musking’m V.
Little Miami
Col. Chic. & Ind. C.
*5,142
550,233
756,300
492,863
1,441,939
3,911,261
Jeff.Mad.&lnd’polis 1,246,333
report has the following:
operating, including leased
roads, was 56 94-100
62 53-100 per cent;—showing &
was 659,362,—an increase
of 46,532. The receipts per passenger per mile were 1*99 cents,
and the cost 1*47 cents.
The total number of tons of freight moved was 162,467,—an
increase of 42,835,—with increased receipts of $30,189. The
average receipts per ton per mile have decreased 0*77 of a C9nt.
The report of tne trustees of the sinking fund shows that the
yearly payments to this fund, together with the accretions
from investments now held by the trustees, have been invested
in the bonds of the company and of its connecting lines; and
the total amount now held aggregates the sum of $273,000;
per cent; for the previous year,
decrease of 5 59-100 per cent.
The number of passengers carried
*95,237
1,345,134
The annual
The cost of
558
68,978
to,468
27,002 tl64,640
386,974
17,051
1878.
$
1879.
$
82,689
363,250
182,477
increase for the year, $23,500,
“
In August last a merger
of the Cape May & Millville Railroad
perfected,
Camden
and
Shelby & Rush
35,304
organization
Extern.
Cambridge
32,302
141,974 200.651 and management.
Indianapolis <& Vin.
301,370
65,200
16,144
The subject of a consolidation, together with the terms
Van. & T. H.. 1,317,286
40,369
459,976
Indianapolis & St.L.
thereof, was referred to and carefully considered by a commit51,039
95,702
Alton & T. H. 1,033,900
tee of your board, and on the 29th day of August, 1879, an
& Carond’t
94,210
agreement was entered into by the boards of directors, and
30,749,710 11,929,747*2415,824 792,184 1,536,187 approved and ratified by the stockholders, of the respective
51,937
*17,553
9,280
3,605
66,348
362,897
t32,288
194,269
t92,130
296,8S0 tl53,119
45,731
St L.
St. L.
E. St. L.
Company into the West Jersey Railroad Company was
thereby consolidating the line of railroad between
Cape May—a distance of 82 miles—under one
Total...
*
companies as required by
t Loss.
Profit.
PENNSYLVANIA COMPANY FOR 1879.
Net earnings Union lane Bureau
$760,863
Received for rents—Monongahela Extension
37,500
INCOME
ACCOUNT OF
47,594
Real estate
20,655- $866,613
$922,366
486
'.
Equipment
Profits from operating leased roads:
Pittsburg Fort Wayne & Chicago Railway
law.
The terms of tne merger were
as
follows:
Jersey Railroad Company to be
mortgage on the entire prop¬
The capital stock of the West
fixed at $3,000,000.
The creation of a consolidated
erty of $3,000,000.
The funding of the 1,888 shares of the capital
Cape May & Millville Railroad Company
New Castle & Beaver Valley Railroad
Lawrence Railroad
8,693
into certificates of indebtedness, convertible into the
Cleveland & Pittsburg Railroad
95,237
or
mortgage bonds when presented in sums of
Jefferson Madison & Indianapolis Railroad
17,553— 1,044,338 dated
The surrender and cancellation of the second mortgage
Received from investments: of the Cape May & Millville Railroad Company
Dividends on stocks
$285,292
Interest on bonds
237,255
control of the West Jersey Railroad Company.
Interest on general accounts
17,685 540,233 and
The surrender and cancellation of 1,112 shares of the
—
Total revenue
$2,451,185 of the Cape May & Millville Railroad Company
Deduct:West Jersey Railroad Company, and the
Expenses Proprietary Department
$60,141
shares of the Cape May & Millville Railroad
Interest on 6 per cent reg. bonds
$183,784
owned by the West Jersey Railroad Company,
Interest on judgment bonds
402,616—586,401
Losses on leased fines—Erie & Pittsburg RR—...
232,653
the first mortgage of the company, for an
879,195 stock of the West Jersey Railroad Company.”
Total expenses, interest, &c.
net income after payment of expenses, inter¬
est, rentals, Ac
From which deduct cash advanced to:
Cincinnati Richmond & Fort Wayne RR. Co
$26,320
St. Louis Alton & Terre Haute RR. Co.
51,039
Indianapolis & Vincennes RR. Co
141,974—
Balance, being
$1,571,990
219,335
1879, after paying
all expenses, interest on bonded debts, rentals, advances,!
,&c., carried to credit of profit and loss account, Dec. 31, ’79 $1,352,655
Balance, being the
surplus for the year
GENERAL ACCOUNT
OF
PENNSYLVANIA COMPANY DEC.
31. 1879.
Dr.
$15,026,291
213,152
837,085
710,431
2,690,083
558,331
Securities
Bills receivable
Equipment
Real estate
Union Line property
Due for betterments to leased
Due by other companies
Due by station agents
Stock of
roads
.
supplies
Miscellaneous
1
Cash
assets
-
Advanced Union Bridge Co.. Toledo, 0
Advanced to nay coupons Graud Rapids &
Purchase of liens on real estate bought by
Sinking fund for registered 6 per cent
Philadelphia Trust Safe Deposit Co
Sinking funds for leased
1,663,962
10,972
Indiana RR
137,502
C. C. & I. C. R’y.
48,485
bonds
roads
$27,007,989
Or.
$3,771,250
771,250—$3,000,000
-
8,000,000
Preferred stock
Total
$11,000,000
6,400,000
3,200,000
831,984
capital stock
bonds
Registered 6 per cent bonds
Due lessor companies for supplies
Judgment 6 per cent
Due to other companies
x>ue for current expenditures
209,000
1,836
1,472,433
„■
Total
Common stock
Less unpaid
1,363,203
1,148,486
645,494
271,236
:
..
in operating leased
roads
865,07 L
1,695,285
stock of the
held by outside parties
consoli¬
$500 $1,000.
bonds
in possession
stock
held by the
exchange of 7,000
Company’s stock
and pledged in
equal amount of
Schuylkill Navigation Company.
{For the year ending December 31, 1879.)
the stockholders
The annual statement issued to
holders of this company shows:
Balance to the credit of general income
1879
TLie income for
the year 1879, being
Philadelphia & Reading
Total income
account on January 1,
...
the rent payable by the
Railroad Company, was
CHARGES FOR THE
Interest ®n loans and
Dividend on stocks
and loan-
1879.
YEAR
bonds
-
dividends
Salaries of otiieers
Rent of office and current expenses
Tax on
$22,358
636,736
$659,094
$518,469
101,654
2,178
5,300
1,514
$629,116
income account J an. 1,1880..... $29,977
The settlement of the dividend on stocks and the coupon
interest of the loan of 1895 have been assumed by the
phia & Reading Railroad Company, under a provision
Balance to
credit of general
Philadel¬
in the
ease.
CONDITION OF
THE COMPANY
Debits.
Common
ON JANUARY
stock
Preferred stock
Mortgage loans of 1872-1897
Mortgage loan of 1882-1907
Common loan of 1876-1895
Boat aud car loan, six per cent, 1913
Boat and car loan, seven per cent, 1915
:
.
cent coupon bonds, 1880
Coupon mortgage bonds, six per cent, 1895...;
Improvement six per
Interest on loans
Dividends unpaid.
suudry persons
Contingent and sinking fund
Debts due
1, 1880.
$876,536
3,192,250
1,709,380
3,990,392
7*^^
• 756,650
628,100
228,000
1,200,000
-1^*434
.
2,397
J*417 ,
36,268 :
432
THE CHRONICLE
Tax on dividend due State of Pennsylvania..
Balance to credit of general income account.
$2,178
29,977
$12,802,834
Credits.
band
;
Stocks and loans held by the President in Trust
Cash
on
'
$11,002
73,209
Debts due by sundry persons
„
1,448
Philadelphia & Reading Railroad Company, for
contingent
and sinking fund
Rent due by Philadelphia &
Reading Railroad Company
General charges, being the amount now
charged for the
.-.
works and estates of the
company
phia & Reading Railroad Company
36,268
Amount.
Interest.
on the line
from Minneapolis to White Bear
Lake,
guaranteed by this company... .^
$280,000, at 7 per cent, $19,600
M. & St. L.,
Minneapolis to Merriam
Minneapolis & Duluth bonds
Junction
L., Merriam Junction to Albert
Lea
M. & St. L., Albert Lea to Fort
12,622^305
ending December 31, 1879.)
From the annual report we learn that the
gross earnings for
the year are $777,298,
showing an increase over the earnings of
1878 of $148,020. The operating
expenses, including the pur¬
chase and layingof 1,100 tons of steel
rails, were $525,677, leav¬
ing
net earnings of $251,620. From this amount $35,000 was paid
in interest on the preference
bonds, $84,717 expended for extra¬
ordinary repairs and permanent improvements, and $12,900 in
equipment and in purchasing this company’s proportion of the
white mail cars for the Government service,
.leaving a surplus
of $154,003. The balance remaining
on hand January 1, 1879,
from the preference bond fund, of
$17,363, was turned over to
the credit of the equipment account, and
applied in part pay¬
ment for 3 new freight engines
purchased during the year.
The increase of business has been
largely of a local nature, and
the growth has been even more
rapid than was anticipated by
the board when they determined,
eighteen months ago, upon a
policy of providing ample facilities for the development of both
the passenger and freight business.
The board has acted on the belief that the best
interests of
the bondholders and stockholders
required that the work of
with reasonable rapidity.
Bermanent
be carried
•uring the improvement
past year 3 bridges
of 6 on
spans have been rebuilt in
depot, with platforms and side
tracks, have been put up at Charlotte, and the
grading nearly
completed of the company’s site for buildings at Atlanta; but
there still remains important work to be
done, and about twothirds of the original amount of trestles to fill.
234,164
40,812
14,287
Mail
Express
Other
sources
5,935
Ordinary Expenses.
Conducting transport’ll.. $169,208
Motive power
Maintenance of cars.
Maintenance of way
General expenses
..
.*...
.•
Construction
124,696
27,760
161,007
43,003
$525,677
earnings
The extraordinary expenses have been:
$251,620
$84,717
12,900— 97,617
Equipment
$154,003
Minneapolis & St. Louis.
(For the year ending December 31, 1879.)
The annual report gives the
earnings and expenses of this
company for the year as in the table below:
Earnings.
'
From passengers
From freight..
From mails and express
earnings
Expenses and taxes
Net
Interest
:
earnings
on
bonds and
floating debt
1879.
1878.
$86,954
372,507
11,883
$86,939
$471,344
284,704
$405,235
266,568
$186,640
$13,8666
303,816
14,479
162,854
Surplus to income account
$23,785
Percentage of operating expenses to earnings, 60-42.
“
The extension of the line
southwesterly from Albert Lea to
finally determined upon in May last, and the
portion from Albert Lea to Forest City (35 miles) was located,
right of way secured, and work begun early in June. The
grading was substantially finished in September, but the track
aid not reach Forest City until the
early part of December,
owing to the difficulty of getting the iron rails from the mills.
“The Fort Dodge & Fort
Ridgely Railroad, extending from
Fort Dodge northerly about thirteen
miles, was bought by this
company early in J uly. This track has been extended sixteen
miles further north, to Livermore
Station, near the east fork
of the Des Moines River, in Humboldt
County, making twentynine miles of track from Fort
Dodge to Livermore.
The
Fort
Dodge
was
grading
the remaining
the line between Forest
ity and on
Livermore
(about 39portion
miles) of
is about one-half done. -It
#
is expected that the
grading will be finished in the
and the track laid—so as to make a continuous
neapolis to Fort
"
$2,705,000, at 7
per
early spring,
line from Min¬
Dodge—by the first of July next.
An issue of bonds of this
company
to the amount of
$1,100,000, secured by mortgage upon this extension from Albert
Lea
to Fort Dodge, has been authorized
by the directors, and the
bondsplaced in the hands of the Central Trust
Company of
New York, and are to be issued
only at the rate of $10,000 per
mile of road
66,500
cent,$189,350
SHEET, DEC. 31, 1879.
Miscellaneous
$3,797,457
748
*
/
..
1,812
.„
10,956
1
1,606
2,811
5,315
79,466
accounts
Total
$3,900,174
Or.
Unpaid bills, pay-rolls and vouchers
Income account
Capital stock
Bond account, old line.
Bond account new line
New depot grounds, notes due
Equipment notes, due monthly
Bills payable
:
$57,276
96,279
2,000,000
455,000
950,000
April 25, 1881.
37,500
40,932
247,384
15,799
Balance due other roads
Total
$3,900,174
Paducah & Elizabethtown Railroad.
{For the year ending January 31, 1880.)
EARNINGS
AND EXPENSES.
Earnings.
Freight
Passenger
$258,704
Mail
Express
.
Miscellaneous
Total
71,071
11,882
5,197
5,614
.....$352,470
Expenses.
Transportation freight.
$38,836
Transportation pass’gers.
11,271
..
Motive power
Maintenance of
56,643
17,103
10,434
52,583
54,357
cars
Renewals of equipment
..
Maintenance of way
Renewals of roadway, &c.
General expenses
Construe. & improvem’t—
20,482
Equipment..
2,224
5,300
Roadway & structures..
Total
Balance, or net
$269,237
revenue
$83,232
Balance from fiscal year
Net
revenue
Deduct
Deduct
Deduct
De luct
Deduct
1879
$33
83,232
of 1879-80
taxes
paid
$4,731
additional construction
additional equipment
Interest and
sinking fund
on 1st
Int.
on
2d M. income bds.for
$83,266
904
2,400
right of way claims paid
further payments to debit 1878 and 1879
1,000
26—
$1,141,200, at $40
per
9,063
$74,202
28,431
mortgage bonds
Balance/.
Balance
Total
71,400
INCOME ACCOUNT.
$777,298
Net
per cent,
per cent,
,
EARNINGS AND EXPENSES.
Passengers
950,000, at 7
Dodge. .1,020,000, at 7
Dr.
Cost of construction and equipment
Cash on hand
Due from U. S. Post Office
Department
Stock of material on hand
Stock of fuel on hand
Balance due from agents
Balance due from other roads
the best manner, a considerable amount of
filling in of trestles,
with ample stone culverts, has been done, and wooden
structures
for round-house, shop and
$482,098
31,850
CONDENSED BALANCE
year
Earnings.
per cent,
Total bonds and interest
leased to the Philadel¬
Atlanta & Charlotte Air Line.
Freight
455,000, at 7
M. & St.
58,599
$12,802,834
(For the
[Vol. XXX.
$1,000 bond
Leaving balance to carry forward to fourth fiscal year.
$45,771
45,648
$123
Sutro Tunnel.
{For the
year
ending Fb. 29, 1880.)
The annual report of Mr. Adolph Sutro, as
superintendent of
the Sutro Tunnel, for the year^ended March
1, 1880, contained
the following:
During the past year the differences between the companies
working the mines on the Comstock lode and this company have,
been satisfactorily adjusted, and now perfect
harmony between
the different interests prevails. Under the
adjustment, the
Sutro Tunnel Company relinquished one-half the
royalty of $2
per ton fto which, under the original agreements, it was en¬
titled) as far as ores are concerned which would mill $40 per ton
or under, so that
only those ores which yield over $40 per ton
will hereafter have to pay the full
royalty.
The mining companies have also
agreed to advance to the
Tunnel Company $70 per running foot for
every foot of lateral
tunnel constructed northerly along
the line of the Comstock Lode
to the Utah Mine, and
southerly to the Overman Mine. This
advance is not to create or constitute a debt
against the Tunnel
Company, for which demand could be made ; nor shall it draw
any interest, but it is to be liquidated out of half the royalties
hereafter earned on ores extracted, and should
-any mine never
extract ore, such mine shall have no claim
against the Tunnel
Company for advances made by it.
The water power on Carson River should be secured
by the
Tunnel Company as speedily as possible, not
only for the pur¬
pose of making cheap compressed air after the machinery is
moved from shaft No. 2 to the tunnel
entrance, but also for the
purpose of acquiring a cheap power for the propulsion of mills,
reduction, and concentrating works. In this connection I desire
to repeat that the quantity of
low-grade ores in the Comstock
lode, which have been laid bare by former explorations, is al¬
most unlimited, and with the
unsurpassed facilities the Sutro
Tunnel Company possesses for their
transportation, milling and
concentration should jh the future
prove one of the main
sources
of
revenue.
actually completed. $350,000 of these bonds have
The inventory of the property of the
been issued upon the line from Albert Lea to
company, furnished by
Forest City. The Mr. Sutro, gives the cost of the tunhel as
distance from Albert Lea to Fort
$4,000,000, and other
Dodge is 102 miles, and when- property valued at $494,134. ‘ f
this line is completed the total bonded
debt apd yearly interest
The Secretary makes the following statement of the
to be provided for will be as follows:
receipts
and disbursements of the
company for the year:
April
24,
THE
1880.]
stockholders of the New
RECEIPTS.
From
balance on
$11,802
321,276
47,600
136,220
35,732
150,000
hand March 1,1879
(sale of shares)
Stock in biitro Tunnel Company
Lateral Tunnel Consolidation:
San
Francisco office
(south lateral)
Nevada office (north lateral)
Royalty, at half rates, paid to
Bills
payable
Total, including
.
Nevada office
$724,708
other minor items
DISBURSEMENTS.
superintendent’s account—
Remitted from San Francisco office
For
receipts at Nevada office
Salaries (registrars, transfer agents, secretary,
Legal expenses
Commission on sales of shares
Interest (on bills payable and overdrafts)
From
Total, including
Balance on
other minor items
hand March 1,1880
LIABILITIES.
Under mortgage of
Interest thereon
January 4,1877
433
CHRONICLEi
Mexico <fe Southern Pacific
Railroad Company,
stock of this company, will
thousand dollars for each
them, with the privilege of
assigning their rights. No subscription will be received after the 30th
day of April.
Engraved receipts will be issued in negotiable form, the transfer of
which shall be subject to the approval of the executive committee of
agreed to exchange their stock for
be entitled to sub icribe for one block of four
one hundred and seventy-five shares held by
who have
this company
been paid.
until twenty per
cent of the
subscription shall have
Thomas Nickerson,
President Atchison
Topeka & Santa Fe
SUBSCRIPTION.
Boston,
$489,380
160,301
etc.)
4,010
10,066
4,900
14,890
In consideration of one dollar paid by the Atlantic
Company, the receipt of which is hereby
subscribe for
blocks of four thousand dollars
Railroad Co.
April 15, 1880.
& Pacific Railroad
acknowledged
688,198
$36,510
$624,401
77,167
150,000
1,680
hereby
($4,000) each, of the
securities named in the annexed circular No. 52 of the Atchison Topeka
& Santa Fe Railroad Company, dated April 15, 1880; and agree to pay
for the same to the said Atchison Topeka & Santa Fe Railroad Company,
its order, on the terms and conditions set forth in said circular.
Name,
or
Address.
Central Iowa.—In
regard to recent reports that holders of
refused new stock, a communi¬
their mortgage bonds had been
cation to the Boston Advertiser
says
that the charter
expressly
stock shall. be
and the third
Total liabilities
$853,249 mortgage bonds shall be received and treated as
in¬
of assets over liabilities
$3,677,794 debtedness only as far as it has canceled or paid floating
any actual
bona fide debt of the Central Railroad Company of Iowa.”
Thus the slur upon the action of the management, that new
GENERAL INVESTMENT NEWS.
stock has been issued for the “ plain notes ” without the “ sur¬
payable
Hospital fund—
Bills
provides (Art. IV.) that “ one share of (new)
given for each $100 of floating indebtedness,
Excess
Fe- -St.
jand-^recise in¬
as, in so doing,
obliged to do by the
the third mort¬
and
prospects of the great Atlantic & Pacific Railroad Company is gage bonds apart from the floating indebtedness.
The Central Iowa Railway Company proposes to pay im¬
contained in the circular below. This is a company not within,
but rather outside of, two other companies—the Atchison mediately the interest due July 15 on its first mortgage bonds,
condition that bondholders will deduct 6 per cent from the
Topeka & Santa Fe and the St. Louis & San Francisco rail¬
roads, which will give a “ traffic guarantee ” to the Atlantic & face of the coupons as a rebate.
Pacific. The circular concerning the building of the Atlantic
Chicago Milwaukee & St. Paul—Southern Minnesota.—
& Pacific Road, and subscription rights to its securities, issued The Southern Minnesota Railroad will be taken possession of
from the office of the Atchison Topeka & Santa Fe Railroad by the Chicago Milwaukee & St.
Paul Railroad Company May
Company, is as follows :
1. The offices of the road will remain at La Crosse, for the
CIRCULAR NO. 52.
The Atlantic & Pacific Railroad Company is now constructing, and will
•ivisionat
of least.
Eresent
the Chicago
It willMilwaukee
be & St. Paul Railroad.
complete as rapidly as practicable, that part of its authorized line of
In regard to the reported new issue of bonds by the Milwau¬
railroad and telegraph extending from the present terminus of the line
of the Atchison Topeka & Santa Fe Railroad, at or near Albuquerque on
kee & St. Paul Road, it is stated that the company will issue
the Rio Grande in New Mexico, and thence following, as near as prac¬
about $9,000,000 six per cent bonds on the Southern Minnesota.
ticable, the thirty-fifth parallel, through Arizona to the Colorado River,
bonds are to be known as the Chicago St. Paul &
and thence, by the most eligible route in the State of California, to the These
Milwaukee (Southern Minnesota Division) bonds, and for
Pacific coast.
The company is entitled, by act of Congress, to the alternate sections
exchange the new bonds are to be issued at the rate of about
of public land on each side of its railroad, to the extent of 25,600 acres
$125 to $137 of the old. The bonds under this mortgage are to
per mile in the Territories and 12,800 acres per mile in the States
be applied as follows, viz.:
through which its road may pass.
The railroads of the Atchison Topeka & Santa Fe Railroad Company,
Nos. 1 to 6,124 to retire the following old liens—
and of the St. Louis & San Francisco Railway Company, connect in the
Southern Minnesota Railroad “ Pink ” bonds, 7 per cent
$225,000
State of Kansas; and these companies have agreed with the Atlantic &
Do. construction bonds, and eld accrued interest.$4,474,376
Pacific Railroad Company to build immediately the line of railroad and Less concession to C. M. & St. P. Ry
309,376-4,165,000
telegraph above described, to be known as the Western Division of the Extension bonds, 7 per cent, redeemable at par
1,266,000
Atlantic & Pacific Railroad, and to operate it in connection with their Central Railroad 1st mortgage 7 per cent bonds, $600,000
roads, as a continuous through line from the Mississippi and
redeemable at 78 per cent of par value
468,000
Missouri Rivers to the Pacific Ocean.
The Atlantic & Pacific Railroad Company will issue, upon said Western
Total
$6,124,000
Division, its first mortgage bonds at the rate of twenty-five thousand dol¬
Nos. 6,125 to 6,586 to complete the railway from Flandreau
lars per mile, and its income bonds at the rate of eighteen thousand
hundred and fifty dollars per mile. And for the purpose of provid¬ to Sioux Falls.
ing means for the immediate construction and equipment of its said
Nos. 6,587 to 7,000 to the purchase of equipment for, and
line of road westward from the Rio Grande to the Colorado River, a
distance of about six hundred miles, it will take a cash subscription of making permanent improvements on, the “ Southern Minnesota
ten million dollars from the stockholders of the Atchison Topeka & Santa Division.”
Fe Railroad Company and the St. Louis & San Francisco Railroad Com¬
Nos. 7,001 to $,000 to the construction and equipment of an
pany-five million dollars from each company.
extension of the branch from Mankato to Minneapolis and St.
The first mortgage six per cent gold sinking-fund bonds above referred
to will be issued in coupon and registered form, secured by a first lien Cloud, but only to the amount of its actual cost, and' not
upon the railroad, lands, land grants and other property of the said West¬
exceeding $15,000 per mile, in sections of ten miles each of com¬
Division, payable July 1, 1910, and may be canceled whenever the
road.
pleted
bonds
be purchased at not exceeding 110 per cent and interest.
The Atchison Topeka & Santa Fe Railroad Company and the St. Louis &
Chicago & Northwestern.—This
company has placed
San Francisco Railway Company have severally guaranteed the pay¬
$3,000,000 of bonds on a part of its Northwestern Division
ment of the interest on said bonds to the extent of 25 per cent of their
respective gross earnings upon all business received from and delivered through Messrs. Winslow, Lanier & Co. and others.
to said Western Division, during the six months ending on the first days
Chicago & Pacific—Chicago Milwaukee & St. Paul.—The
of the preceding October and April respectively, and each bond will bear
questions pending between the different parties litigating as
certificate to that effect.
The distance from Kansas City to Albuquerque by the Atchison Topeka to the Chicago & Pacific road have been adjusted.
By consent
& Sante Fe Road is 918 miles, and from St. Louis by the St. Louis & San
the following order was entered in Chicago by Judge Blodgett.
Francisco Road to a junction with the main line of the Atchison Topeka
Whereas, There was issued by Henry w. Bishop, M aster in
& Sante Fe Road is 547 miles, aggregating 1,465 miles, which will be
Chancery
in this Court, to John I. Blair, E. F. Hatneld and W.
contributory to said guarantee.
To
such interest advances and the completion of the Western B. Cutting a certificate of purchase of the property of said
Division, should the proceeds of the first mortgage and income bonds Railroad Company, bearing date the 1st day of May, A. D.
prove insufficient therefor, but for no other purposes, a second mortgage
1879, entitling the said above-named parties to a deed of the
may be issued upon said Western Division at the rate of $10,000 a mile,
secured by a second lien upon the road, land grant and other property of said premises unless redeemed according to law ; and
said Western Division.
Whereas, On the 9th day. of April, A. D. 1880, the said
The income bonds above referred to will be issued in coupon and regis¬
Chicago
& Pacific Railroad Company deposited iii the registry
tered form, secured by a mortgage on the net earnings of the Western
Division, as therein described, payable October 1, 1910, with semi¬ of this Court the sum of $1,002,369 16 to redeem the said
annual interest to the extent of such net earnings, but not exceeding six
premises from such certificate of sale ;
per cent per annum, and non-cumulatlve.
It is therefore ordered that W. H. Bradley, Clerk of this
PROPOSAL.
Court,
pay Messrs. E. C. and W. C. Lamed and George W.
For $4,000 in cash, payable ten per cent within ten days after allot¬
ment, and not exceeding ten per cent in any one month thereafter, the Smith, solicitors of the said John I. Blair, W. F Hatfield and
Atlantic & Pacific Railroad Company will deliver to the subscriber William Bayard Cutting, the said sum of $1,002,369 16 on said
$4,000 of its first mortgage bonds and $3,000 of its income bonds.
Interest will be allowed upon all such payments at the rate of six per parties presenting and surrendering to said clerk for cancella¬
tion the said certificate of purchase.”
cent per annum, payable semi-annually, the first payment of interest to
The Milwaukee & St. Paul expects to get possession of the
be made January 1,1881, with adjustment of interest on the first mort¬
gage bonds upon full payment of the subscription and delivery of the
Chicago & Pacific about May 1. The suits against the Chicago
securities.
& Pacific instituted by the Blair parties have been withdrawn.
All subscriptions must be made in blocks of four thousand dollars
The Chicago Milwaukee & St. Paul Railroad Company has
multiples thereof, and on condition that they may be canceled
any time before forty per cent shall have been called, in whole or
with Messrs. Kuhn, Loeb & Co., of New York, for
negotiated
in part, but not less than twenty per cent at any one time; and in such
the sale of $3,000,000 bonds on its Chicago & Pacific Division.
the subscribers shall be repaid the money paid by them, with
interest at six per cent, and shall receive income bonds at the rate of Particulars regarding.this loan have not yet been published.
$500 for each $1,000 of subscription canceled.
Cincinnati Wabash & Michigan.—The bondholders met in
Failure to pay any instalment when due will render the subscription
Wabash, Ind., April 14, and organized a new company, merely
and any instalments already paid subject to forfeiture at the discretion
of the board of directors.
substituting “ Railway ” for " Railroad” in the new title. The
Stockholders of record on the 13th day of April of this company, and
Atlantic & Pacific—Atcliison Topeka & Santa
Loiiis & San Francisco.—The most definite
formation that has yet been published of the purposes
render of the bonds,” is entirely uncalled for,
the directors have done just what they are
charter of the road, which does not recognize
on
called the Southern Minnesota
own
seven
ern
can
a
“
secure
or
case
434
road
THE CHRONICLE.
|"VoL. XXX.
sold
on Nov. 5 last under foreclosure of tlie first mort¬
capital stock on May 22 next 15,000 shares ($1,500,000), in par¬
for $2,000,000, and was bought by the bondholders.
The tial payment for the construction of the
company’s Evansville
capital stock of the new company is $3,000,000.
division.
Georgia Railroad.—The following summary has been sub¬
Philadelphia & Reading.—The following is the monthly
mitted for the year ending March 31:
comparative statement of gross receipts, tonnage, dc., for the
Net earuiiigs transportation department
$403,075 month of March and for four months
of the company’s fiscal
Net earnings banking department
21,437
Dividends
was
gage
on
Total
Less interest
stock and interest
73,407
-
on
bonds, taxes, rents, &c
Net income
This shows
increase of $44,133 over the"
previous
year.
During the year $156,500 new 6 per cent bonds were issued and
$428,000 old 7 per cent bonds retired, a decrease of $271,500.
The bonded debt (including guaranteed bonds) is now $2,932,500.
Indianapolis Delphi & Chicago.—A Chicago report says
that this narrow-gauge line, from Delphi to Rensselaer,
Ind.,
has just been purchased by H. Crawford, General Solicitor of
the Chicago & Eastern Illinois and Chicago
& Western Indiana
railroads.
The road is being converted into a standard
gauge,
and is to be extended from Rensselaer to
Dyer, where it will
connect with the Eastern Illinois.
At Delphi connection is
made with the Wabash, which will give that road a line from
'
-
GROSS RECEIPTS.
$407,019
133,304
$364,615
an
year:
1SS0.
'
Railroad traffic
Canal traffic
Steam colliers
Richmond coal barges..
Total Railroad Co
Fouriuos.
$1,404,877
$4,986,212
6,803
35,503
37,078
227.950
7,571
29,640
$1,457,321
1870
March.
Fourmos.
.
$889,569
75,864
60,647
0,061
$3,426,006
84,864
226,496
20,420
027,670
$5,279,307 $1,041,141 $3,757,87~8
2,854,476
753,178, .2,311,271
$2,384,091
$8,133,783 $1,794,320 $6,069,149
Reading Coal & Iron Co.
Total of all
,
March.
TONNAGE AND PASSENGERS.
Tons of coal on railroad
Tons of merchandise-..
537,809
544,393
Passengers carried
transported
715,208
Coal
steam colliers
by
2,044,326
1,920,705
301,702
2,822,735
1,944,362
1,024,080
510,762
1,937,880
167,595
56,236
178,586
600,493
■
40,196
St. Louis Iron Mountain & Southern.—The stockholders of
the St. Louis Iron Mountain & Southern Railroad, at their
annual meeting in St. Louis, elected the
following board of
Chicago to Toledo that is only 40 miles longer than the short
line by way of the Lake Shore &
Michigan Southern. This will
make the Wabash a trunk line from
Chicago to Eastern sea¬ directors to serve for the ensuing year: Joseph S. Lowry,
boards.
Samuel Shethar, Warren Delano, J. T. Terry and H. G. MarLake Ontario Southern.—This is the name of a road now quand, of New York; Henry Whelen, of Philadelphia; R. A.
in process of construction from Great. Sodus
Bay, on Lake Edgarton, of Little Rock, and Rufus J. Lackland, John R. LionOntario, to the bituminous coal regions of Potter County, Pa., berger, William R. Allen, W. M. Senter, Thomas Allen and
a distance of 155 miles.
The nucleus was formed by tne con¬ George S. Drake, of St. Louis.
Notice is given that seven per cent interest
solidation of the Ontario Southern and the Geneva Hornellsville
(being for one
& Pine Creek Railroad
year
to Dec. 31,1879) on the first preferred income bonds of
Companies. In operation thirty-five
miles south from Sodus Bay. An extension of the Philadel¬ this company will be paid on May 15,
proximo, at the office in
phia & Reading Railroad to Gaines will give the line connec¬ New York.
tions with the East and West.
Selma Rome & Dalton.—The American Exchange
gives an
Laurens Railroad.—This road was to have been sold at the account of the litigation in regard to this
company from which
same time as the Greenville &
Columbia, but the Court post¬ the following is condensed: A meeting of the first mortgage
poned the sale until August 15. The road extends from New¬ bondholders of the Alabama & Tennessee River Railroad (now
the Selma Rome & Dalton) has been called for the second week
berry, S. C., to Laurensville, 32 miles.
in May, to consider what action shall be taken for the
Louisville New Albany & Chicago.—This
protec¬
company, it is
rumored, proposes an issue of $3,000,000 of mortgage bonds to tion of their interests at the forthcoming foreclosure sale of the
its stockholders at 20 cents on the dollar to
roperty of the company in Alabama on June 14. The bondput the road in
olders’ committee has detailed a competent railroad
order. The company has no bonded debt.
engineer to
examine the present condition of the road, and his
Mobile & Ohio.—The stockholders of this
report will be
company, at a submitted to the
for its information. In the meantime
meeting on Tuesday, by a vote of 44,931 out of a total of 53,206, the counsel of meeting
the Selma Rome & Dalton
Company are
unanimously approved the acceptance of the act of the Missis¬
the question of taking ah appeal to the Ignited
sippi Legislature, passed March 5, under which the State relin¬ considering
States Supreme Court, from the decision of the Alabama Courts
quishes its judgment obtained against the company on account
affirming
the validity of the Alabama & Tennessee River
of the Chickasaw school fund,
amounting rto $397,866, with mortgages. In 1852 the Alabama & Tennessee River Railroad
interest from February 1, 1876, at 8
per cent per annum, on
Company was organized to build a road from Selma, Ala., to
condition of the company
consenting to the repeal of the third Gadsden, on the Tennessee River, a distance of 170
miles.- The
section of its charter, which
exempted it from taxation until its company built 135 miles of the road and
partly graded 10
surplus earnings reached 8 per cent of its capital. This was miles.
The Selma Rome & Dalton Company was
the only important claim against the
organized in
company that remained 1868, deeds of conveyance obtained from the
Alabama & Ten¬
to be settled, all the others
in
scheme
being united
the
of reor¬ nessee River
Company and the Dalton & Jacksonville and the
ganization.
&
Alabama
Georgia
companies, and the three roads consolidated
New Orleans & Pacific.—It is reported that
Jay Gould under the management of the new corporation. The old Ala¬
and Thomas A. Scott have purchased the New Orleans
& Pacific bama road was rebuilt, it is claimed, at a cost of
$1,000,000, and
Railroad, of which about 100 miles are graded, and by the the line extended 101 miles to
Dalton, Ga., at a cost of some
terms of the contract it is to be
completed to Alexandria and $2,000,000. After much litigation
to the lien of the Alabama
Shreveport within 18 months. The present creditors have & Tennessee River Mortgage, the as
case went to the Alabama
agreed to accept 50 cents on the dollar for their claims in first Supreme Court, and about six weeks
ago the Court rendered its
mortgage bonds of the new company, which is to be organized final decision, re-establishing the
subjection
of the whole 172
by the purchasers. These debts aggregate between $350,000 miles of road in Alabama to the first and second
mortgages of
and $400,000. The route to be followed is to cross
the Missis¬ the Alabama & Tennessee River
sippi River at Baton Rouge, and thence down the east bank however, that the 440,000 acres of Company. The Court held,
public lands granted by Conto New Orleans.
3
Ohio & Mississippi.—Mr. John King, Jr., receiver of the
Ohio & Mississippi Railroad, filed his
report of
bursements for the month of March as follows: receipts and dis¬
Caen
RECEIPTS.
hand March 1
Cash from station agents
Cash from conductors
Individuals, railroad companies, etc
Adams and American Express
Companies
on
$201,897
construction
& Tennessee
Sress
aid in thesubject
the Alabama
liver to
Road
to the of
Selma
Rome & Dalton
mort¬
were
gages as superior liens. The receivers’ certificates outstanding
were made a lien on the
company’s equipment. The capital
and debt of the Selma Rome & Dalton Railroad
Company are
about as follows: First mortgage, $5,000,000; second
mortgage,
541*243 $3,900,000; capital stock, $4,000,000; total, $12,900,000.
The
5*612 Alabama & Tennessee River bondholders
claim $791,000 for the
86,508
*088 outstanding first mortgage bonds, with arrearages of interest
for nineteen years and compound interest, and
Total
$230,000 second
$835,952
mortgage bonds, with arrearages of interest for fifteen years.
DISBURSEMENTS.
Vouchers prior to Nov. 18, 1876
$35,030 There are also outstanding $615,837 receivers’ certificates,
Vouchers subsequent to Nov. 17, 1876
322,763 including interest.
Payrolls Nov. 17, 1876
122,615
Arrearage Nov. 17, 1876
Toledo Peoria & Warsaw.—The receiver, A. L.
260
Hopkins, has
Cash on hand April 1
;
filed
a petition in
355,282
Chicago, stating that, though the road was
sold under foreclosure decree in
Total
January last, the purchasers
$835,952 have not yet
completed the reorganization of the road, and will
Pennsylvania Railroad.—The statement of the business of not be able to do so until June, so that he is still in
possession.
all lines of the Pennsylvania Railroad
Company east of Pitts¬ He has on hand about $78,000, and, pursuant to an order of
burg and Erie for March, 1889, as compared with the same Judge Drummond, the
Purchasing Committee gives notice that
month in 1879, is
remarkably favorable, and shows an increase on and.after April 26 the Farmers’ Loan and Trust Company
in gross earnings of $675,118 ; an increase of
expenses of $151,- will pay $21 92 per bond of the Eastern Division, $21 68 per
093 ; an increase in net earnings of
$524,025. The three months bond of the Western Division and $13 14 per bond of the Bur¬
of 1880, as compared with the same
period in 1879, show an lington Division.
increase in gross earnings of $1,621,782
; an increase in expenses
Wabash St. Lonis & Pacific.—As to the consolidated mort¬
of $691,795 ; an increase in net
earnings of $929,987. All lines
west of Pittsburg and Erie for the three months of
1880 show a gage of $50,000,000 it is stated that there are to be reserved for the
surplus over liabilities of $979,185, being a gain over the same retirement of the existing mortgages on the several roads now
comprising the consolidated system $36,000,000 bonds. For the ac¬
period in 1879 of $829,736.
quisition of additional roads* $9,000,000 bonds are to be issued,
Peoria Decatur & Evansville.—The
company has given to be a first lien on the roads when acquired at a
notice to the Stock Exchange of its intention
rate not to ex¬
to increase its ceed
$15,000 per mile.
'
■
April
435
THE CHRONICLE
24, 1880.]
COTTON.
CxrmmmM
Friday, P. M., April 23, 1880.
The Movement
COMMERCIAL EPITOME.
April 23, I860.
past week lias witnessed more seasonable weather, anc.
some improvement in regular trade as well as less depression in
speculation. There is still, however, a lack of spirit and con
fidence in both trade and speculative circles, and views of the
future of prices are wholly unsettled. It is, however, much
1
easier to buy than to sell. The opening of the Erie Cana
Friday Night,
The
g
d
of the
given below. For the week ending
total receipts have reached 36,714
bales, against 38,910 bales last week, 37,323 bales the previous
week, and 47,393 bales three weeks since, making the total
receipts since the 1st of September, 1879, 4,608,009 bales, against
4,294,724 bales for the same period of 1878-9, showing an increase
since September 1, 1879, of 313,285 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
New Orleans
9,694
1,716
1,597
Charleston
an
worked easier.
unfortunate delay.
s
The money m
Port
Royal, &c
2,740
5,033
1876.
10,151
2,180
9,795
1,998
1,317
9,398
2,729
1,156
14,902
1,337
1,897
13
323
326
208
4,713
1,640
1,895
2,791
1,109
1,652
4,213
....
3avannah
1877.
1878.
1879.
1880.
Receipts this w’k at
Mobile
subjected to
Crop, as indicated by our telegrams
from the South to-night, is
this evening (April 23), the
900
1,949
provisions considerable improvement has been noticec Galveston
14
2
306
49
during the past week ; a better business for export has been1 Indianola, &c
13,682
3,508
4,287
8,966
8,198
Tennessee, &o
accomplished, and higher prices have been current. To-day Florida
39
401
64
31
69
578
599
403
old mess pork on the spot was quoted at $10 25@$10 50 ; new North Carolina
1,531
1,163
5,440
5,261
1,838
2,963
6,793
$10 50@$11 ; do. for May, $10 60@$10 70; June, $10 65@$10 Norfolk
392
201
379
422
1,301
City
Point,
&e
75 ; July, $10 70@$10 90 ; August, $10 80@$11 bid and asked
38,856
26,641
29,858
36,183
36,714
Bacon has been dull, and closes weak at 6*70c. for long clearf
Total this week
and 6%c. for long and short together. Lard opened fully 10c.
Total since Sept. 1. 4,608,009 4,294,724 4,082,607 3,823,070 3,915,351
per 100 lbs. higher, but reacted somewhat toward the close
The exports for the week ending this evening reach a total of
choice new Western was sold on the spot at 'J*£7?£c., prime do.
64,571 bales, of which 51,791 were to Great Britain, 3,717 to
quoted 7’32/^@7*35c.; in options April sold at 7’32/£c., May France, and 9,063 to rest of the Continent, while the stocks as
7*32^@7*27^e., June 7*32^@7‘37^c., July 7'32^@7*40c., made ud this evening are now 648,203 bales.
Below are the
exports
and
for
the
week
stocks
to-night,
and
a
comparison
with
August 7'40@7'42^c. and seller the year 7*25@7*27/^c.; refined
the corresponding period of last season.
to the Continent sold at 7'62^c., closing at 7*67/£c. Butter has
STOCK.
EXPORTED TO—
Week
Same
Total
been dull and weak, while cheese has been more ac
Week
this
ending
Conti¬
Great
higher.
1879.
1880.
1879.
Week.
Britain. France. nent.
In
T
.
...
Rio coffee has continued very
quiet, and at one time decline
April 23.
21,011
Mobile..
4,513
....
Savan'll.
1,543
•
Galv’t’n-
2,025
N. York.
14,198
Norfolk-
4,913
3,588
CharTt’n
been any more than
nominal at that figure.
Baltimore, but nothing has been
authenticated.
9,063
3,244
N. Orl’ns
•
.
•
•
Other*..
•
5
c...
....
•
16,863 211,072 130,397
2,017 35,216
7,453
9,268
3,070 26,863
19,634 15,066
34,147 17,018
33,318
4,513
.
....
....
....
473
....
....
....
....
1,543
2,025
14,671
4,913
3,588
....
5,764 266,312 180,314
5,770 11,959 11,31*
4,522 42,500 27,000
Tot. this
change. Rice has been le3S active, but prices have
varied materially from those of last week. Molasses has b
in only moderate demand, and refining stock has fallen to 37@
38c. for Cuba, 50 degrees test, and the quoted range for Porto
Rico has been 35@50c; New Orleans has shown no change.
Raw sugar has been quiet and rather weak, especially for Mus¬
covado, centrifugal being in the best position. Refiners who
recently received large importations show no inclination to pur¬
chase anything much but an occasional cargo of Pernambuco
or Iloilo for their common products, and the market closes to a
great extent nominal at 7 9-16@7%c. for fair. Cuba refining.
Refined has been quiet of late at easier prices, crushed being
quoted at 9^@9%c., powdered at 9^c., and granulated at 9%
@9%c. The following shows the movement in raw here :
terial
Hbds.
63,598
31,967
68,417
37,420
Receipts since April 1,1880
Sales since April 1,1880
Stock April 21, 1880
Stock April 23, 1879
Boxes.
4,865
4,304
796
25,839
Bags.
Melado.
225,454
142,068
733,057
681,387
1,154
2,002
2,637
2,154
There has been rather more doing in Kentucky tobacco, aqd
sales for the week are 750 hhds., of which 600 hhds. for ex¬
Prices are firm,
good inquiry to fill Regie contracts.
port and 150 hhds. for home consumption.
and the close is with
a
Lugs quoted at 4@5/£c., and leaf 6 312c. Seed leaf remains
quiet, but prices are pretty fully sustained, there being no
pressure upon the market. Sales for the week are 734 cases,
of 1878, as follows : 250 cases Pennsylvania, 10c. to 20c.;
300 cases New England, 12c. to 28c.; 54 cases Ohio, 11 %c.; 30
cases State, p. t.; and 100 cases sundries, 9c. to 16c.
Spanish
tobacco has been quiet, and the sales are only 300 bales Havana,
at 85c.@$l 10.
In ocean freight room the movement has of late been less
liberal, owing to the higher cost of most of the leading staples,
particularly oreadstuffs. Rates have shown weakness, and in
the instance of berth room, a sharp decline. The engagements
to-day included grain to Liverpool, by steam,
60 lbs.; cot¬
ton, 5-16d.; provisions, 32s. 6a.,@40s.; cotton, by sail, 17-64d.;
grain to London, by steam, 4%d., 60 lbs.; do. to Glasgow, by
steam, 4j£d., 60 lbs.; do. by steamer to Cork for orders, 4s. 9d.;
if Hull direct, 4s. 6d ; do. by sail, 5s. per qr.; do. to Riva
all crop
Deo, 6s.
petroleum charters.
important features; spirits
turpentine closes dull at 32@32>£c., and strained to good
strained rosins, $1 30@$1 40.- Petroleum has continued dull
and wholly nominal at 7/£c. for refined, in bbls. Crude certifi¬
cates have ruled easy and close at 72^c. bid.
Tallow has
ruled dull at 6%c. Whiskey closes dull at $110@$111.
Metals are about demoralized; all descriptions show further
declines and still business is of the most limited proportions. I
Ingot copper quiet at 21@21%c. for Lake.
1
per qr.
There were
no
Naval stores haye been without
week..
9,063
3,717
51,791
38,006 648,203 397,834
64,571
Tot.since
Sept. 1.. 2045,459 323,974 730,787 3100,220 3113,294
♦The exnorts this week under the head of “ other ports” include, from
timore, 1,713 bales to Liverpool, and from Boston 1,875 bales to Liverpool.
Bal¬
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 26,565 bales, while the stocks to-night
are 250,369 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give;
us the following amounts of cotton on shipboard, not cleared, atp
the ports named.
We add also similar figures for New
which are prepared for our special use by Messrs. Care}, Yale
ambert, 60 Beaver street:"
,
York^
&
On
April
23, at—
Liver¬
Shipboard, not cleared—for
France.
pool.
34,680
4,200
6,062
New Orleans
Mobil©
Charleston
Stock.
1,380
45,086
165,986
None.
50
9.500
11,962
25,716
1,000
13,334
23,427
250,112
47,959
541,435
6,000
600
None.
None.
500
69,178
8,928
18,732
2,930
| 106,768 j
9,136
|
5,848
2,000
3,400
5,300
1,584
Leaving
Total.
6,300
10,720
*16,700
6.500
‘
Total
Foreign
Coastr
wise.
None.
None.
None.
None.
None.
Savannah
Galveston
New York
Other ports
3,178
3,300
2,450
Other
9,100
None.
*
Included in this amount there are 7,000 bales at presses for
ports, the destination of which we cannot learn. 1
The
14.901
foreign
following is onr usual table showing the movement of
the ports from Sept. 1 to Apr. 16, the latest mail dates:
cotton at all
RECEIPTS SINCE
SEPT.
Ports.
1879.
N.Orlns
1.
1878.
EXPORTED SINCE
Great
Britain.
France.
SEPT.
Other
Foreign
1398,568,1135,430 702,836 233,526 214,862
Mobile.
Char’n*
Sav’h..
Galv.*.
N. York
Florida
339,823
461,917
710,759
448,376
177,953
19,958
Norf'k*
101,554
671,959
Other..
240,398
N. Car.
rhiayr. 4571,295
352,165
507,661
684,390
540,937
140,240
55,533
132,328
531,033
178,824
67,249
142,559
185,105
192,881
282,937
22,668
209,698
187,735
1993,668
6,791 13,455
16,914 151,810
18,950 211,034
21,785 47,304
19,635 42,492
1,177
10,447
1,479
5.840
21,480
1 TO—
Stock.
Total.
1151,224 235,093
87,495
38.700
314,283 25,606
415,089 19,802
261,970 32,912
345,064 268,054
34,292
217,017
209,215
3,481
16,983
44,000
320,257,721,724 3035,649 684,640
890.924 3075,238 418,950
Under the head of Charleston la included Port Royal, Ac.; under the head of
Galveston
1alveston la included Indianola. Ac.; under the head of Norfolk, is Included City-
Last year.
♦
Point. Ac.
1258,541 1794,572 389,792
0
9
.
2
5
8
009.1
3
00.0.0090
1719.2..3110630.
436
THE CHRONICLE.
00000000071253988279151...848127341.12520.,
3
[[VOL. XXX.
The speculation in futures
but prices have continued to
has not been so active as last week,
fluctuate widely. The upward ten¬
dency noticed at the close of our last was continued with
considerable vigor throughout
Saturday and Monday, car¬
rying prices up 33@39 hundredths above the lowest prices
of the previous week.
But on Tuesday this movement collapsed,
and nearly the whole of the above advance was lost during the
closing hours of that day. Wednesday was variable, closing
slightly dearer. Yesterday the market continued variable, but
the close was at 5@10 hundredths decline, September and October
showing notable depression. To-day there was a decline of 13@
15 hundredths, followed by a partial
recovery.
Cotton on the
«pot was firmer after the revision of quotations on Friday last,
and on Monday quotations were advanced |c., but
prices became
weiak on Tuesday, and on Wednesday official
figures were reduced
l-16c. with a very large business for export.
Yesterday there
Bales.
Cts.
2,800.;
12-27
900
12-28
1,600
2,400
12-29
12-30
800
12-31
Bales.
Cts.
1,800
2,100
00152.42 12-895
.
175.900
For August.
2,000
11-04
15-85
11-86
11-87
....11-88
5,000
11-89 i
2,400
11-90
11-91
1,000
11-92
3.300.
11-93
700
11-94
200
11-90
300
11-97
further decline of l-16c. with
cline. To-day there
limited business at the de¬
a
further decline of £c., to life, for mid¬
dling uplands, leading to a large taking for export.
The total sales for forward delivery for the week are 859,100
hales, including
free on board. For immediate delivery the
total sales foot up this week 23,038 bales,
including 20,511 for
export, 2,113 for consumption, 414 for speculation, and
in
transit. Of the above,
bales were to arrive. The following
tables show the official quotations and sales for each
day of the
past week:
was a
For
UPLANDS.
April 17 to
April 23.
Sat.
Ordin’y.$tt>
97s
NEW ORLEANS.
Moil Toes
10
10
Sat.
10
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g
Btr.L’w Mid
1038
10%
10%
10%
107s
11
11
11
llie
11%
11%
11%
11%
11%
11%
11%
Middling...
178
10%
10%
11%
11%
1134
Sat.
10%
10
10%
10%
10%
10%
10%
11%
10%
11%
11%
1134
11
11%
11%
11%
11%
11%
11%
11%
HU16 111316 1U316 lll310 1H516 111516 1U316 1U&16 111516
L
Good Mid
I2I4Str. G’d Mid 12%
..
Midd’g Fan-
13
Fair
,
13%
Wed
e
Ordin’y.$tt>
015ig
12
12
12
1238
12%
13%
1334
12%
12%
12%
13%
1334
12%
13%
13%
Th.
9%
Fri.
12%
12%
12%
12%
12 34
13%
12%
13%
13%
Wed
13%
Th.
Fri.
! 9%
IOHb 10
10*16 10*2
11*16 11
Sri*. WOrd H*1B Ills ill
H°16 1114
Low Midd’g H9ig 111$ 11130
111116 1150
Btr.L’w Mia U34
11111611916 11% 111316
Middling... 111316 11% 11% 12*16 12
Good Mid.. 12*16 12*4
1218
127i6 1230
Str. G’d Mid 12*10 121s
1230
121*16 1250
Midd’g Fai* 13116 13
12%
133lfi 1318
Fair
131116 1360 13%
13*31(> 1334
Strict Ord.
10<16 1038
Good Ord.. 101516 10%
10%
10 34
STAINED.
Sat.
Good Ordinary
Strict Good Ordinary.
...# B>.
12
12%
12%
12%
13%
12%
12%
13%
13%
12%
12%
1234
11*28
.....11*29
900
300
11-30
11-31
3,300
11-32
100
100
900
500
900
11-71
11-75
11 76
11-77
11-78
11-79
11-80
13%
13%
13%
Wed
Th.
Fri.
978
978
1030
1O70
1118
11*2
1030
10*16 10
10*16 10*2
11*16, 11 •
11°16 11H
11**16 1150
H1 *16 1178
H*316
1178
12*16 12
1214
127i6 1230
I2ia
12**16 1250
13
13316 13*8
1350
13*316 1334
Mon Toes Wed
1078
11*8
11*2
11**16
1178
12*4
12*2
Th.
200
400
800
300
Middling
9*316 9*316 9%
9**16 9*16
10**16 10**16 1050
10*16 107io
11*8 jll*8
H*16 11
1O70
H716 11*16 11*16 11*2
11716 11516
MARKET AND SALES.
SPOT MARKET
CLOSED.
Ex¬
ConSpecport. sump. ul’t’n
Sat.. Firm
Mon
Firm,
362
597
307
230
297
320
2,950
adv. of %.. 2,108
Tues. Easy
1,932
Wed Steady,dec. of lit 5,343
Thiirs Q’t, 8t’djr, i16dee. 1,578
Fri.
Easy, % dec
6,600
.
—
.
.
Total
★
on
which they
are
^
a
•
•
a
a
-
a
.
.
a
a
a
a
a
a
a
.
183
m
m
414
....
....
Deliv¬
Sales.
3,442
2,705
2,239
5,756
1,875
7,021
m
101
2,113
*20,511.
The daily deliveries given above
vious to that
130
m
FUTURES.
Tran¬
Total.
sit.
eries.
119,300
150,300
195,100
138,900
1,400
1,400
108,800
146,700
800
1.700
1,100
700
23,038 859,100
7,100
actually delivered the day
reported.
delivery the sales have reached during the week
859,100 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For
April.
Ct«.
11-58
21stll-69
500 s.n.
100
11-70
700
11-72
800
n-73
100
11-74
100 s.n.2-4hl 1*75
100 S.n. 2l8tll'75
800
11-73
100
111-80
5(0?. D.2id 11-83
*K).
X)0..
100
80"
100
700
800
200
600
Bales.
Cts.
1,000
11-32
900
11-83
8,000
3,000
11-85,
1,600
1184
11-85
900
300
11-80
11-87
11'90
11-91
11*92
11-93
.11-94
3,500
l,s00
11-94
.11-95
11-96
11*97
....11-98
11 99
12-00
1201
12-02
1203
12 04
12-05
100
1200
1,200.
1 300
1,400
1,100
11-60
11-01
11-02
.....11-03
...
...
For June.
100
11-67
4.000
2,200
11-70
5,3* 0
2,200
11-71
11*72
11-78
11-74
11-75
11-76
17,100
2,000
4,300
2,200
1177
5,500
4,000
1,800
11-78
11-79
]l-80
-11-81
11-08
ll‘( 9
.’11*70
2,0 0
1*00
1.1(0
2.900
1.900
5,100
12,200
7.200
13,100
12,0(0
8.700
12,300..
7.800
3,000
4,600.,.
8,000
10,800
Cts
11-81
....11-82
1,800
.11-83
14,800
200
11-92
11-93
1.300
Uv4
11-95
11-96
11-97
11-98
11-99
1200
1201
12*0*2
,12-03
1204
12-05
12-00
12-07
12-08
.12-09
12- >1
12 12
.12-13
!214
1215
12-10
12-17
12-18
12-19
12-20
.1172
11-73
11-74
11-75
284,000
1
For
1,700
11-04
11-89
11-90
11*91
12-10
3,900
11-71
11-78
.1179
11-80
11-81
11-82
11-83
11-84
11-80
11*87
Bales.
11-88
4,000
11,900.
97,400
1T07
11-68
11-09
11-92
11-93
900...
1,700
11-90
For May.
700
11-57
11-58
8,000
...11-59
1,500...
Cts.
11-85
3.900
700
Bales.
000
8,000
4,300
1,400
200
1,400
1,200
12-00
12-01
200
100
700
500
100
700
300
100
800
100
12-02
The
July.
11-78
11*79
11-80
9,000.
4.000
4,600
2,700-
0,600
4,700
6,000
1,000
1,^00
1.000....
2,000...
li-85
11-80
11-90
11-91
11-92
11-93
11-94
11*95
11-90
11-97
11-98
11-99
...12-00
12-01
12-02
la-03
12-04
.....12 05
12-00
120
12-08
12-09
12-11
12 12
1213
2,400
9.5 >0
6 800
.12-20
12-21
2 1 >0
5 K)
4 1 >0
12S2
....12-23
5,000.
..12 25
12*20
3,£00
12-05
12-12
100
000
12-13
12-15
t00
fOO
200.
400
200
500.
300
100
200
26,500
11-29
11-30-
For
December.
100
800
10-80
10-8?
10-88-
400
100
10*89
10-90'
1,500
500
11-52
200
11-53
10-94
10-95
10-9010-97
11-00
11*01
800
200
400
500
200
900
300
11-03
,11-04
11-05
1100
11-08.
11-14
11*15-
300
11-10.
300
1,000
200
500
11-54
11-55
11-50
11*57
11-58
11-59
.11-00
1,200 ..'
10-80
10-88
10-89
;,3oo
io-90
800
100
100
300
10-92
.10-93
10-98
10-99
1,(00
31-00
300
800
....
11-24
2.300
11-25
11-20
700
11-27
1,200
11-28-
15,000
For
500
1L0
200
100
11-01
11-03
300.
11-18
11-22
100
500
400.
100
300
400
11-07
11-27
.11-28
15,000
For November.
For October.
11-26-
800..
900..
32,400
1206
12-07
12-08
12-09
12-10
12-11
...11-04
January.
;....11-00
11-03.
11-23
11-31
900
following exchanges have been made during the week
*10 pd. to exch. 500 July for Aug.
*62 pd. to exch. 800 Oct. for June.
'04 pd. to exch. 200 April for May.
1
r
-03 pd. to exch. 200 April for May.
*18 pd. to exch. 400 June for Aug.
"30 pd. to exch. 309(May for Aug.
|
The following will show the range of prices paid for
futures,,
and the closing bid and asked at 3 o’clock, P. M., on each
day in
the past week.
Futures
Saturday.
Monday.
Tuesday.
Market.
Higher.
Higher.
Lower.
For
Closing.
Day.
High.
Bid.
Low.
April... 11*93-11-80
12-19
12-24
For Day.
Ask
High.
Loro.
91 11-94-11-85
11*94 95 12 06-11-84
Closing.
For
Bid. Ask
Hiah.
12 02
12 07
12-20
12-30
12-39
12-13
11-58
11-29
May ... 11-98-11*72
June./. I-211-11-84
1208 — 12-20-11-98
July ... 12-21-11-95 1217 19 12-31-1209
26 12-39-1218
August. 12-29-1204
Sept’br. 12-04-11-83 12*01 03 12-15-11-92
October II-53-11-33
11-48 50 11-60-11-42
Nov’ber 11*22-1103 11*20 22 11*30-11-15
Dec’ber 1118-1100 11*18 20 H-28-11'14 11-27
Jan’ry. 11*23- —
12 0 0
Tr. ord.
11-9 5 '
Closed
Firn1.
Firn1.
Wednesday.
Day.
High.
Low.
For
Bid. Ask
April... 11-78-11 72 11-74 75
11-81-11-67
June... 11-95-11-78
July ... 1205-11-90
August. 1212-11-96
Sept... 11*87-11*71
October 11-35-11-24
Nov.... 1108-10-99
Dec’ber 1108-10-94
May
Jan’ry
—
—
02
12 08
11-84
11-32
11*04
09
86
33
06
11-02 04
.
Tr. ord.
Closed
11-78
11-7 5
Barely
Short notices
12c.
High.
11-77
11-89
11*99
12 05
11-78
11-30
11 03
1101
11*31-
*
11c.
04
—
11*75
Friday.
For Day.
Closing.
Bid. Ask High.
Low. Bid. Ask69 11-5811-53 55
72 11-63 11*57 11*57 58
84 11-75- 11*67 11*70 71
— 11-86- 11*78
11-81 82
02 11-94- 11-84 11-89 90
76 11-67- 11-59 11-60 62
24 11*16- 11-07 11-09 11
t 10-93- 10-86 10-88 90
97 10-90- 1086 10-86 88
11-0011-55
Steady.
April: Saturday,
*
06
8032'
06
Barely steady.
Closing.
Low.
79^
90
Lower.
11-73 11-70 11-68
11-80 11-69 11-71
11-94 11-82 11-83
12-04 -11-93 11*95
1211 -11-99 1201
11-83 11-75 11-74
11-32 11-22 11-22
1105 10-98 10-97
1101 10-95
10-95
11-03
11-70
s teady.
for
Day.
Bid. Ask
08 12-05-11-78
21 12-17-11-88
31 12-28-11-99
12-37-1204
15 12-12-11-79
60 11*57-11*31
32 11*28-11-17
29 11-28-11-03
Lower.
Closing.
Low.
Closing
3.1-74 75
Thursday.
Variable.
Market.
Day.
04
.
Steady.
11-69 2)11-75;
Monday, 11*83
The Visible Supply of
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 23), we add the item of
exports from the United States, including in it the exports of
.....12-10
12-14
12-15
12-16
12*17
12-18
2.200.
..
1203
12-04
700
11-33
11-34
11-35
11-30
11-37
11-40
11-41
11-42
11-43
11-44
11-45
11*47
11-49
11*50
11-51
1,000...'.
1,300
..12-33
pre¬
For forward
Bales.
100
12-13
12-14
12*15
12-16
12-17
1218
12-19
.12 20
.....12-20
12-27
12-28
12-29
12-30
12-31
12-32
700...
200
600
600
300
300
200
100
900
500
300
200
200
800
300
800
900
Cts.
.11-05.
.11-07
.ll-os
.11-12-.
.1114
.11*15
.11-16
11-17
11-18
....11-ip
11-20
11-21
11-22
11-25
1,100
1V27
900
K
11-96
11-97
11-99
For
are
200
200
12-21
12-22
1223
12-24
1225
9***6
SALES OF 8POT AND TRANSIT.
1,600
100/.
Bales.
500....
100....
100....
100....
100....
200....
800....
1,500
Fri.
ifl6
Low Middling
'
12-00
12-07
12 08
12-09
12 10
1211
12-12
13
1350
1,400
12 05
2,800
11-26
1,900
11-82
11*83
11-84
.....11-85
11*86
11-87
11-91
11-92
11-93
11*94
5,000
1,700*
11-63
11-60
11-07
400
400
700
200
11-25
100.
900
100
100
11-81
Mon. Tues
3,200
11*00
.11-01
11-62
1,800
4,000
200
11-10
11-22
11-23
11-24
1,700
1,800
2,200....
12-00
12-01
12-02
12 03
12-04
TEXAS.
Mon Tues
11-59
11,200
8,000
12,400
5,000
11-15
700
500
1,500
September,
000.....
11-98
11-99
4.100
1,800
1,000
1,100
900
900
,
£00
5(0
Cts.
...11-09
11-10
11-11
11-12
11-14
207,500
1
9
0
2
00791.8258900.7144339258921576..4153821
was a
Bales.
300
12*34
1235
12-30
12-37
12-38
12 39
Stock at Liverpool
Stock at London
.bales
1878.
1877
862,000 1 ,145,oca
13,250
46,250
55,750
'
Stock at Marseilles
.......
Stock at Barcelona
<•rn m
m
Stock at Bremen
Stock at Amsterdam....
•
1879.
606,000
39,162
Total Great Britain stock.
Stock at Havre
Stock at Rotterdam....
1880.
702,000
•ft *!•••
741,162
88,750
1,907
28,240
661.750
875.250 1 ,191,250
163,000
1,500
230,500
7,000
192,000
3,50a
37,250
27,000
4,500
7,500
64,000
15,000-
31,529
27,500
17,340
3,672
42,500
43,000
43,000
5,750
12,500
.
70,250
69,50011,00a
April
1880.
393
3,750
7,250
conti’ntal ports
7,643
7,000
21,750
continental ports....
183,074
292,750
399.500
gtock at Antwerp
fjtock at other
Total
1S78.
1879.
stocks.. .. 924,236
234.539
India cotton afloat for Europe.
402,714
Amer’n cotton afloat for Eur’pe
Total European
28,122
648,203
Egypt,Brazil,&c.,aflt for E’r’pe
-Stock in United States ports ..
Stock in U. B. interior ports...
United Stf tes exports
123,761
14,000
to-day..
American—
Liverpool stock
•Continental stocks
American afloat for Europe....
United States stock
United States interior stocks..
United States exports to-day..
229,000
328.000
499,000
155,000
402,714
648,203
123,761
14,000
Brazil, Ac.—
like the
34,000
573,426
ending—
72,187
4,000
Feb.
52,279
500
each
II
20
it
27
Mar.
755.000
II
377,000
328,000
573,426
5
19
14
26
2
Apr.
72.187
14
9
4,000
44
10
(1
23
2,021,423 2,109.613
129,000
222,000
390,000
55,750
13,250
34,750
55,500
196,000
22,000
46,250
71.250
RECEIPTS FROM
PLANTATIONS.
1878.
1879.
1880.
1878.
1879.
1880.
1878.
1879.
1880.
104,790 108,390
127,489 107,913
125.809 90,416
98,239 92,883
78,447 04,758
90,947
72,289 51,085
82,204
52,740 42,396 40,002
75,723
50,012 50,549 38,492
05.470
116,819 259,223 48,082 39,699 40,490
119,991
47,393
59,880 54,283
107,005 252,495 40,033 34,977 30,595
51,391 44,851 37,323 108,033
91,906 23S.550 28,362 25,148 24.971
39.010 40,187 88,910 95,979
87,294 220,930 32,019 31,51 L 19,094
89.142
38.850 30,183 30,714
12
ii
:
Rec’ptsfrom Plant’ns
Receipts at the Ports. Stock at Inter’r Ports
137,138
120,090
109,730
94,349
0
13
are as follows:
640,000
344,000
533,000
445,757
53,666
5,000
following
Week
2,530,173 2.880.113
477,000
258,000
486,000
397,834
1,842,678 1,671,613
Total American
East Indian,
196,000
of American and other descriptions
Plantations.—The following table is
prepared for the purpose of indicating actual movement
week from the plantations. Receipts at the outports are some
times misleading, as they are made up more largely one year
448.250
than another, at the expense of the interior stocks.
We reach,
1,639,500 therefore, a safer conclusion through a comparative statement
533,000
22,000
445,757
53,666
5,000
500
the
prom
8,500
14.500
194.000
397,834
52,279
Receipts
1877.
486,000
20,000
2,375,575 2,105,113
Total visible supply
‘Of tlie above, the totals
954,500 1,274,750
437
CHRONICLE.
THE
24, 1880. J
The above
171,008 112.303 240,708 214,117 357,916
150,841 119,854 233,103 190,705 345,975
134,328 115,307 220.085 182,240 327,084
110,047 102,995 210,935 170,438 810,972
83,260 78,451 192,465 105,019 303,279
78.490 64,308 169,630 159,418 289,998
281,047
60,202 49,011 146,053 141,612
60,698 53,419 131,795 131,403 260,120
statement shows—
133,352
112,485
103,318
78,599
72,477
59,435
plantations since Sept. 1 in
1. That the total receipts from the
1879-80 were 4,821,644 bales; in 1878-79
1877-78 were 4,155,267 bales. '
2. That although the receipts at the
4,376,366 bales; in
229,000
194,000
234,539
out ports the past week
34,000
20,000
28,122
36,714 bales, the actual movement from plantations was
770,500
508,750
433,500
532,897
only 19,094 bales, the balance being drawn from stocks at the
Total East India, &c
1,671,613
1,842,678
2,021,423
2,109,613
interior ports. * Last year the receipts from the plantations for the
Total American
same week were 31,511 bales, and for 1878 they were 32,019 bales.
2,375,575 2,105,113 2,530,173 2,880,113
Total visible supply
578<b
6384.
5i5i6d.
678d.
Weather Reports by Telegraph.—In general, planting
Price Mid. Upl., Liverpool
The above figures indicate an increase in the cotton in sight to¬ has made good progress during the week.
At some points there
night of 270,402 bales as compared with the same date of 1879, has been too much rain, so that work is delayed, hut we should
decrease of 154,598 bales as compared with the corresponding
The whole
date of 1878, and a decrease of 504,538 bales as compared with 1877. say that t he present condition averages fairly well.
In the preceding visible supply table we have heretofore only of Texas would be better for rain now ; in the lower half of the
included the interior stocks at the 7 original interior towns
State planting is completed.
As we did not have the record of the new interior towns for the
Galveston, Texas.—The weather has been warm and dry
four years, we could not make a comparison in any other way.
throughout
the week, the thermometer averaging 73, and rang¬
That difficulty no longer exists, and we therefore make the fob
lowing comparison, which includes the stocks at the 19 towns ing from 59 to 80, Most sections would be benefitted by rain.
given weekly in our table of interior stocks instead of only the Planting is about completed in this neighborhood, and in all the
old 7 towns.
We shall continue this double statement for a lower ha1! of the State.
time but finally shall simply substitute the 19 towns for the 7
Indianola, Texas.—We have had warm, dry weather through¬
towns in the preceding table.
1877
1878.
1879.
out
the past week.
The thermometer has averaged 70, the
American1880.
755,000
640,000
Liverpool stock
bales 499,000 477,000
377,000
344,000
258,000
84
and
the lowest 57. Planting is about com¬
highest
being
Continental stocks
155,000 486,000 533,000 328,000
203,000
39,162
Liverpool stock
London stock
•Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
28,074
were
were
a
402,714
648,203
United States interior stocks.. 220,936
United States exports to-day..
14,000
American afloat to Europe
United States stock
397,834
pleted in this vicinity.
Corsicana, Texas— It has been warm and dry
thermometer averaging 72, and ranging from
573,426
117,074
4,000
445,757
39,142
all th&week, the
45 to 93. Young
Total American
1,939,853 1,706,628 2,056,899 2,154,500 crops are doing well. Planting is making good progress.
East Indian, Brazil, Ac
Dallas, Texas.—There has been no rain at this point during:
Liverpool stock..
203,000 129,000 222,000 390,000 the week, and we are needing some. Average thermometer
London stock
39,162
55,750
13,250 46,250
28,074
34,750
Continental stocks
55,500 71,250 72, highest 93 and the lowest 45. Prospects generally good, and
234,539 194,000 196,000 229,000
India afloat for Europe
Egypt, Brazil, &c., afloat
20,000 22,000 34,000 planting progressing finely.
28,122
Brenham, Texas.—We have had no rainfall during the week
Total East India, &c
532,897 433,500 508,750 770,500 and
good shower is desired. The thermometer has ranged
1,939,853
1,706,628
2,154,500
Total American
2,056,899
from 50 to 84, averaging 70.
Planting is almost finished here
Total visible supply
2,472,750 2,140,128 2,565,649 2,925,000 and prospects are favorable.
These figures indicate an increase in the cotton in sight to-night
New Orleans, Louisiana.—It has rained on three days the past
of 832,622 bales as compared with the same date of 1879, a week, the rainfall reaching three inches and eight-three hun¬
■decrease of 92,899 bales as compared with the corresponding date
dredths.
The thermometer has averaged 75. •
of 1878, and a decrease of 452,250 bales as compared with 1877. •
Shreveport, Louisiana.—The weather during the week has
At
Interior Ports the movement—that is the receipts been dry and pleasant, and roads are in good condition. The
and shipments for the week, and stocks to-night, and for the thermometer has averaged 66, the highest being 84 and the
corresponding week of 1879—is set out in detail in the following lowest 49. The rainfall is eleven hundredths of an inch.
Vicksburg, Mississippi. —It has rained during the week on two
Statement:
days.
Planting delayed in our section.
Week ending April 25/79.
Week ending April 23, ’80.
Columbus, Mississippi. — Rain has fallen during the week on
two days to a depth of one inch and sixty-three hundredths. The
Receipts Shipm’ts Stock.
Receipts Shipm’ts Stock.
thermometer has ranged from 69 to 79, averaging 74. The crop
5,919
540
1,342
is developing promisingly.
853
13,002
289
938
Augusta, Ga
4,402
437
666
8,855
172
Little Rock, Arkansas.—Friday, Sunday, Wednesday and
Columbus, Ga.*..
136
1,321
115
149
1,806
16
Macon, Ga
2,696
Thursday
of the past week were cloudy, with rain on each. On
824
618
6,425.
1,548
1,113
Montgomery, Ala
543
1,516 Sunday night we had quite a gale, which became serious in vio¬
312
395
2,451
166
Seim ,Ala
33,087 lence in
5,893
3,118
79,498
8,961
adjoining counties. Thermometer—highest 83, lowest
2,256
Memphis, Tenn,.
690
3,308
177
11,724
330
2,419
Nashville, Tenn..
45, average 66. Rainfall one inch and twenty-four hundredth^
Nashville, Tennessee.—Telegram not received.
5,317 10,366 52,279
14,991 123,761
4,342
Total, old ports.
Memphis, Tennessee.—It has rained on four days the past
74
409
60
670
1,449
140
week,
the rainfall reaching two inches and ten hundredths. The
Dallas,Texas.
794
256
118
250
150
100
Jefterson, Tex.*..
1,520 thermometer has averaged 68, the highest being 86^ and the
614
1,002
7,750
578
1,480
•Shreveport, La
964
971
618
lowest 48.
Planting is progressing finely, the average estimate t
957
258
1,301
Vicksburg, Miss..
275
65
564
104
44
•Columbus, Miss..
giving
a
more land to cotton this year than last.
tenth
150
1,000
30
31
2,281
37
461
Mobile, Alabama.—It has rained severely one day, and been
Eufaula, Ala
20
65
967
8
Griffin, Ga
6,500 showery three days the past week, the rainfall reaching one
372
9,399
130
1,169
683
Atlanta, Ga
490
342
349
3,859
inch and ten hundredths. The thermometer has averaged 72, the
165
675
Rome, Ga
90
132
324
1,288
114
15 204
Charlotte, N. C..
highest being 83 and the lowest 62. Planting is about com¬
5,559
5,168
59,000
5,803
3,275
St. Louis, Mo
.7,135
4,579
4,594
pleted
in this neighborhood, and the crop is developing promis¬
9,411
4,202
3,804
Cincinnati, O....
ingly.
*
*
12,178 13.801 35,015
8,653 15,624 97,17 5
Montgomery, Alabama.—It has rained during the past week
Total, new p’rts
five days, the rainfall reaching three inches and sixty-five
87,294
Total, all
1 12,995 1 30,615 220,936 17,495 24,167
hundredths, and the balance has been cloudy. Average ther¬
This year’s figures estimated.
mometer 71, highest 87 and lowest 62. We are having too much
The above totals show that the old interior stocks have de¬
rain.
Planters in this section are giving increased land to
creased during the week 10,649 bales, and are to-night 71,482 bales cotton this year.
than at the same period last year. Tk6 receipts at the same
Selma, Alabama.—We have had rain on four days, hut tho
87,294
500
5,000
—
a
the
...
..
•
.41
.
•
•
,
•
•
•
•
on
*
-more
towns have been 975
bales less than the same
week last year.
438
THE CHRONICLE.
*<c
balance of tlie
much rain.
Madison
week
lias been
pleasant.
We
are
having too operations, in anticipation of lower prices, and the
inactivity in
Manchester
Florida.—We have had rain this week, but not
do
enough
to
much good. The thermometer has averaged 68,
4he highest being 94 and the lowest 42.
The weather is so
unfavorable that much seed planted has failed to come
up.
Macon, Georgia.—It has been showery on one day of the
past
week, with a very light rainfall. The thermometer has
averaged
70, the highest being 87 and the lowest 58.
Columbus, Georgia.—There has been rain at this point on three
days during the week, the rainfall reaching one inch and sev¬
enty hundredths.
Average thermometer 72, highest 80 and
lowest
t
[VOL. XXX.
65.
Savannah, Georgia.—It has rained on four days, the rainfall
reaching one inch and fifty-six hundredths, and the balance of
the week has been
cloudy. Average thermometer 72, highest
87 and the lowest 61.
reacted upon the market here.
The result
was a
preponderance of selling, and a fall in prices of l-16d. to %d.
on the
spot and
to 3-16d. in futures.
Compared with the prices current a month since, the present
rates show a decline of 3-16d. to
yd. in the lower and l-16d. to
yd. in the medium and higher grades of
American, 3-16d. to
yd. in Brazils, yd. to yd. in Egyptian, and l-16d. to
%d. in
£ast Indian.
Throughout the month business has been more or less inter¬
rupted by the proceedings in connection with the
Parliamentary
Elections; but we suspect that in a great measure the elections
been
iave
an
more
excuse
for than
of the
a cause
prevailing
Augusta, Georgia.—There has been light rain on three days inactivity here and in Manchester.
The following are the
daring the week, the rainfall reaching seventy-six hundredths
principal fluctuations in the prices of
of an inch.
The thermometer has
ranged from 59 to 89, aver¬ middling uplands on the spot and for forward
delivery since
aging 70. Weather favorable and planting
making good
the
Charleston, South Carolina.—We have had a shower on me
day the past week, the rainfall reaching fourteen hundredths of
ao inch.
The thermometer has
averaged 69, the highest being
87 and the lo* est 58.
The
following statement we have also received by telegraph,
showing the height of the rivers at the points named
at 3
-o’clock April 22, 1880, and April 26, 1879.
April 22, ’80. April 26. 79.
Hew Orleans
Memphis
-Nashville
Bhreveport
VickBburg
Below high-watermark
Above low-water mark...
Above low-water mark...
Above low-water mark...
Above low-water mark...
..
Feet. Inch.
11
25
26
17
42
3
O
9
8
Feet. Inch.
4
2
22
0
9
3
4
6
35
0
New Orleans reported below
high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was
mark of
April 15 and 16, 1874, which is
changed to high-water
6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
Gunny Bags, Bagging,
Etc.—Bagging is in fair demand for
orders, and stock is being worked off in this way; but
large
lots are hard to move.
Prices show but little
small
,
change, dealeis
still asking lO^c. for If
lbs., life, for 2 lbs. and ll|c. for
standard quality. Butts are
moving steadily, and the sales are
about 3,000 bales various
grades. We also heaid that a lot had
been taken to arrive, same
quantity as above, price not given
Holders are very firm, and no
anxiety is shown to accept less
than quoted figures, which are
3|c.
up to 8|c. for
standard
for’-ordinary
grades.
Ellison & Co.’s Cotton Report
for
March.—Two.
weeks since
(Chronicle, April 10, page 368) we published an article contain¬
ing the figures of Messrs. Ellison & Co. for March, received
by
cable. To-day we are in
receipt by mail of the full report
dated April 8, and make the
following extracts from it:
COURSE OF THE LIVERPOOL
MARKET, MARCH 10
TO APRIL
exception¬
ally idle, owing to the diminished business -in Manchester,
resulting in small sales and a decline of yd. per lb.—17%d.
being touched for middling American on the spot and *iyd. for
deliveries
on
the 17th ult.
The low prices attracted,
attention, and as higher rates came from New York a reaction
of 3-32d. took place in the afternoon of
the day just named.
Thence to the 22nd there were
sundry fluctuations, occasioned by
the varying tenor of the American
news,
Spot.
Mar.
Mar.
Mar.
Mar.
10
17
22
25
April
April
April
Mar.-
April.
....
77i6
73b
....
7*4
7332
71*32
7732
....
7716
73q
714
738
1....
5
7.... 7&16
April- May-
May.;
June.
July.
June- July- Aug.- Sept.Aug. Scpt. Oct.
Oct.Nov.
71*32
7332
7**32
73i6
7%
719
73s
77ig
7°32
7*332
7*532
71 2
61 lft
7
7*4
7^16
73j6
7^8
7* 132
7316
77*2
718
7316
7n82
738
°32
731(?
*
7*6.32 77ie
7 ‘32
7316
71632 73b
751« 7*4
732 7d32
77ie 7>i32
7732 7*9
;416
'716
'
7*332
77?,2
678
62732
63132
627S2
COURSE OF THE MANCHESTER
MARKET, MARCH 10 TO APRIL 7.
The pause which commenced to show
itself in the second
half of February, and bad at the date of our last
report led to a
decline of yd. to yd. per lb. in yarn and
l/£d. to 4^d. per
piece in shirtings from the previous highest point, has continued
almost without interruption, and the result is a
further fall of
%d. to yd. per lb. in yam and l^d. to 3d. per piece in shirt¬
ings. The reduced business is due chiefly to the fact that buy¬
ers had
previously largely anticipated their requirements;
while the inclination to renew
expiring contracts has been
diminished by the weakness displayed at New York and Liver¬
pool, and by the absence of encouraging advices from the
leading foreign markets for yarns and goods. The following
are the present
quotations for specific qualities of yams and
goods, compared with those of a month since :
*
Shirtings.
7 lb.
Mule Twist.
8*4 lb.
30’b.
40’b.
Water Twist.
50’e 20’s>
30’s.
Mar. 1#.. 6s.'®7e. 4*2(1. 6s. 9d./S)8s. 7*2(1. ll*4d.
12*2d. 14d. lid.
12*2d.
April 8.. 6b.@78. 1*2(1. 6s. 9d.®8s. 6d.
ll*4d. 12*2d. 14d. 103*d. 12*4d.
7.
Our last report was issued on the 10th
ultimo. The market
was very quiet, and
during the subsequent week was
near
10th ult.:
prog¬
ress.
but the general tendency
In 32’s cop.
twist there is
MOVEMENT DURING THE
The deliveries to
a
decline of from yd. to %d. per lb.
SEASON, OCTOBER 1
TO MARCH
31.
English and Continental spinners during
the first six months of the
season
compare as follows with the
figures for the corresponding months of last
Great Britain.
1879-80.
1878-79.
season:
Continent.
1879-80.
•
1878-79.
Number of bales
1,557,660
1,323,689
1,318,500
1,213,510
450
Av’ge weight (lbs.)..
439
432
426
Total weight (lbs.) .-. 700,947,000] 581,095,520
569,592,000 516.955,260
upwards, owing to renewed animation in Manchester, and to
buying here for consumption. The hardening tendency
The rate of consumption in Great Britain in March was about
was strengthened
by the demand for March deliveries, anc. 65,000 bales of 400 lbs.
per week, or 260,000 bales, equal to 104,by the temporary scarcity of tenderable uplands. The result
000,000
lbs.,
which,
added
to the 528,900,810 lbs. consumed to
was that
nearly the whole of the previous decline was recov¬ the end of
February, gives 632,900,810 lbs. as the consumption
ered. There was a
relapse on the 23d and 24th, and prices for the first six months of the
season, against 550,400,000 lbs.
gave way l-16d. to yd. On the 25th there was no
further last season. The rate of
consumption
on the Continent was
change. Thence to the 30th the market was closed for the
probably 50,000 bales of 400 lbs. per week, or 200,000 bales,
Easter holidays. There was a
slight recovery in the evening equal to 80,000,000 lbs., for the month,
making, with the 419,'©f the 25th, but the market
reopened tamely on the 30th anc 200,000 lbs. consumed to the end of
February,
a total of 499,lost the improvement and l-32d. to
l-16d. besides. A quiet
200,000 lbs. for the first six months of the season, against 456,feeling ruled also on the 31st ult. and the 1st inst., and
prices 000,000 lbs. last season.
lost l-16d. per lb.,
making a fall of yd. since the 25th. There
On the basis of the foregoing estimates, the movements for
was a firmer
feeling in the afternoon of the 1st; and on the the
twenty-six weeks were as follows :
Sad, 3rd and 5th there was more
doing, in anticipation of a
better business in Manchester after the
elections. Prices, con¬
Great Britain.
Continent.
sequently, gradually hardened, spot gaining %d. and futures
3-16d. from the low rates touched in the
1S79-80.
1878-79.
1879-80.
1878-79.
morning of the 1st
Lbs.
Lbs.
Lbs.
Lbs.
instant. The greater part of this
improvement was lost, how¬
Surplus stock Oct. 1.
6,012,000 13,800,000 18,720,000 30,550,000
ever, in the afternoon of the
5th, owing to the unexpected Deliveries to Mar. 31 700,947,000 581,095,520
569,592,000 516,955,260
announcement of a heavy decline in futures
at New York. A
Supply
706,959,000
594,895,520 588,312,000 547,505,260
farther reduction took place on the 6th and
7th, in sympathy Consumption in 26
was
increased
•
with
a
continued decline at New York.
The spot demand fell
to small
dimensions, while the desire to sell increased. The
**break” at New York caused
buyers in Manchester to
postpone
weeks
Surplus stock Mar. 31
Surplus stock in bales
of400 pounds
632,900,810 550,400,000 499,200,000 456,000,000
74,058,190
185,000
44,495,520 89,112,000 91,505,260
111,000
222,000
227,000
THE CHRONICLE.
24, 1880.]
April
439
C-
figures show an excess of 74,000 bales in the stock
English spinners, bat a decrease of 5,00) in those held
by Continental spinners, or a net excess of 69,000 bales. The
These
held by
other words, instead of the real stock of
487,000, we ought to
have compared with the estimated stock of
527,000 bales. This
would have reduced the consumption from
2,764,090 bales to
2,724,000 bales.
in the “ visible supply” is 130,000 bales. The two together
Another matter which should have been noticed is the faefc
make a total excess of 199,000 bales.
that the 2,975,000 bales “ total
supply ” of last year averaged
In last year’s report for this date the surplus stock on the only 418 lbs. per bale, against 426 lbs. this season.
Taking these considerations into account, we have recon¬
Continent was given as 39,550,000 lbs. instead of 30,550,000 lbs.;
structed the table as follows :
this led to the stock on March 31 being over-estimated. The
revision in the average weight of American bales accounts for a
1880.
1879.
still further reduction in the stock at the date named, and also
excess
,
,
A
ceounts for
a
small reduction in the stocks held
by English
spinners, compared with last year’s estimate.
Supply as above
Average weight
Total
AVERAGE WEIGHT OF AMERICAN BALES.
3,245,000
2,875,000
426
weight, lbs
41*
1,382,370,000
1,243,559,000
Bales of 400 lbs
Stock at mills, &c., March 31
3,456,000
3,109,000
inquiries we find that the average weight
407,000
339,000
of the bales shipped during the first seven months of this sea¬
3,863,000
3,447,000
son was 485 lbs., against 473 lbs. for the whole of last
season, or Consumption, 26 weeks
2,990,000
2,858,000
an increase of 12 lbs. per bale.
Another estimate giving the Stock, 30th September
873,000
589,000
Of which at the ports
811,000
shipments up to the end of December states the increase at 10 And
527,000
at the mills
62,000
62,000
lbs. per bale. The increase is equal to 2/£ per cent, and if this
crop should not exceed 5,600,000 bales, it will, nevertheless, be
Instead, therefore, of the estimated consumption this year
being only 41,000 bales more than last (2,808,000, against
equal to 5,740,000 bales of last season’s average weight.
2,764,000), it is, in bales of the uniform weight of 400 lbs., 132*PROSPECTS.
000 bales more—namely, 2,990,000,
against 2,858,000. The
The American crop promises to exceed 5,600,000 bales ; this 527,000 bales estimated stock at the close of last season
averaged
less 1,800,000 for American consumption, shipments to Canada, rather less than 400 lbs. each, but the difference is not
very
material. The whole of the figures in the above table for both
&c., would leave 3,800,000 for Europe. The import to the close this
year and last are therefore of the uniform weight of 400 lbs.
of March was 2,259,000 bales, leaving 1,541,000 to receive
We have assumed that the stocks at the mills will be reduced
between March 31 and September 30. The Indian supply for to the low figure touched in September last—62,000
bales, but
this season is expected to show an increase of 150,00$ bales over this is hardly likely to be the case. If they should stand at 80,000
bales for all Europe, against 62,000, then the estimated stock in
that of last season, which was 974,000 bales ; an addition of
the ports would stand as 793,000,
against 527,000 bales last
150,000 would give about 1,125,000 bales, of which 349,000 bales
year.
were received to March 31, leaving 776,000 to come in between
Every season the rate of consumption on the Continent of
that date and September 30.. The Egyptian crop will reach
Europe
is larger in the first half than in the second, owing to
about 3,200,000 cantars, or 470,000 bales, of which 405,000 were
longer hours being worked in the summer than in the winter
imported to the end of March, leaving 65,000 to receive thence months ; but in Great Britain the rate is
frequently less in the
to September 30.
From sundry sources the import last season second half of the season than in the first,
owing to the holi¬
between March 31 and September 30 was 121,000 bales, and the
days in connection with Whitsuntide and the “wakes” and
season before 125,000
bales. This season we may receive
fairs ” which take place in the manufacturing districts.
125,000 bales.
We have estimated the present rate of consumption for all
The foregoing estimates, plus the stocks in the ports of
Europe at 115,000 bales,—say 65,000 for Great Britain and 50,000
Europe, compare as follows with the figures for the second for the Continent; but during the summer at least one week’s
half of last season, in 1,000s of bales:
consumption will be saved by the holidays, so that, although
the rate of consumption for 25 weeks may be 65,000, it will be
Tot supply, Mar.
Imports, Mar. 31,
only 62,500 per week for 26 weeks. The reduction will be fully
Stocks, Mar.31. 31 to Sept. 30.
to Sept. 30.
counterbalanced by the increased takings of the Continent for
1880.
1879.
1879.
1880.
1880.
1879.
the reason referred to above. In this way the 115,000 per week
would be divided as follows—62,500 for Great Britain and 52,500
American
522
661
1,541
1,254
2,063
1,915
for the Continent. These figures may be altered
East Indian
776
652
59
92
835
744
by unforeseen
65
62
117
74
182
136
Egyptian
circumstances, but speaking broadly we think 115,000 bales per
125
121
Sundries
40
59
165
180 week a fair estimate of the
probable consumption in the whole
of Europe for the coming six months.
Total
738
886
2,507
2,089
3,245
2,975
So many of our friends have asked for some
explanation of
If the American crop should rea^h 5,650,000 or 5,700,000 the points referred to above that we have thought it
necessary
to issue this supplementary circular.
bales, the extra 50,000 to 100,000 bales will come to Europe.
The above total supply of 3,245,000 bales averages about 426
Comparative Port Receipts and Daily Crop Movement.—•;
lbs. per bale. The present rate of consumption in Europe is
about 115,000 bales of 400 lbs. or 108,000 bales of 426 lbs. The A comparison of the port movement by weeks is not accurate/
requirements for twenty-six weeks would be 2,800,000 bales. as the weeks in different years do not end on the same day of the
On this basis the supply, deliveries and stocks compare as month.
We have consequently added to our other standing
Mows:
— ‘
tables a daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
1880.
1S79.
movement for the years named.
First we give the receipts at
Supply as above,
3,245,000
2,975,000
Stocks at mills and interior depots, Mar. 31...
407,000
338,000 each port each day of the week ending to-night.
In
answer
to further
“
-
,
Consumption in twenty-six weeks
Stock, 30th September
Of which in the ports
And at the mills
M
There is
-
3,652,000
2,808,000
3,313,000
2,764.000
844,000
782,000
549,000
487,000
62.000
62,000
plenty of cotton to meet the probable requirements of
consumers
and to leave
a
stock of 782,000 bales in the ports of
Europe on the 30th September, against 487,000 last year. But
last year’s stock was dangerously small. In 1878 it was 656,000,
in 1877 1,001,000
and in 1875 1,226,000 bales.
£ As to prices, the course of the market will fronit his time for¬
ward be swayed more by the prospects of the new American
crop than by any other influence.
At present the outlook is
favorable for an enormous yield. At seven pence per lb. every
planter in the South will put as much land under cultivation as
he possibly can; but the result will depend upon the character
of the season, which, of course, no one can foresee.
Since the above was in type we have received from Mr. Ellison
the following as supplementary to the above monthly report:
In reference to the above statement, we ought perhaps to
have mentioned that the stock in the ports on the 30tu Septem¬
ber last was exclusive of a deficit of 49,000 bales discovered on
count in Liverpool.
This error was spread over the entire
season, and for the purposes of the above table ought not to be
taken1 into account, because it is just possible that a similar
error may
be discovered at the close of the present
season.
In
PORT RECEIPTS FROM SATURDAY, APR.
D’ye
New
Mo¬
of
Or¬
we’k leans.
bile.
17, ’80, TO FRIDAY,
Char¬ Savan¬ Galleston. nah. vest’n.
Nor¬
folk.
Wil¬
APR.
23. *80.
All
ming¬ others.
Total.
ton.
Sat.
986
79
237
3 87
1,376
Mon
4,092
376
238
568
1,510
Tues
Wed
513
151
68
147
314
1,953
1,107
1,065
1,654
65
473
799
406
694
36
Thur
Fri..
989
528
328
440
970
1,154
39
1,460
517
253
599
457
820
67
1,192
2,087
6,299
9,291
3,378
5,846
5,640
6,260
Tot.
9,694
1,716
1,597
2,740
5,033
6,793
304
8,837
36,714
66
•
•
•
•
96
1,415
1,400
1,024
1,719
The movement each month since Sept. 1 has been as follows:
Monthly
Receipts.
Year
1879.
1878.
288,848
689,264
8ept’mb’r
333,643
October..
888,492
942,272
956,464
779,237
647,140
447,918
264,913
618,727
566,824
303,955
Novemb’r
Decemb’r
January
February.
.
March.
..
893,664
Beginning September 1.
1877.
98,491
578,533
822,493
900,119
689,610
472,054
340,525
1876.
1875.
236,868
675,260
901,392
787,769
500,680
449,686
182,937
169,077
610,316
740,116
821,177
637,067
479,801
300,128
1874.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
TotMh.31 4,480,842 4,140,519 3,901,825 3,734,592 3,757,682 3,185,484
Porc’tage of tot. port
roceints Mar. 31..
93 10
87-78
92-48
1
89-66
91*09
CHRONICLE.
THE
440
to March
This statement shows that up
31 the receipts at the
ports this year were 340,323 bales more than in 1878-79 and
579,017 bales more than at the same time in 1877-78. By adding
to the totals to March 31 the daily receipts since that time,
we shall be able to reach an exact comparison
of the move¬
ment for the
different years.
1879-80.
1878-79.
Alexandria Receipts and
ments
1876-77.
1874-75.
1875-76.
—
2....
«
3....
“
4....
S.
“
5....
8,237
«
6....
“
7....
“
8....
“
9....
6,338
6,243
5,264
4,717
“
10....
5,156
“
11....
“
12....
“
13....
“
14....
“
15....
••
16....
17....
“
18....
“
19....
“
20....
“
21....
“
22....
“
8.
23....
9,222
11,515
5,310
9,724
9,790
4,729
9,816
6,862
7,649
6,885
9,905
7,353
5,696
4,746
6,054
6,299
8.
8.
9,291
3,378
5,846
5,640
6,260
5,311
6,277
4,836
3,083
4,915
15,839
7,(94
9,576
4,483
10,114
6,441
3,164
8.
10,317
8.
“
9,834
6,649
5,114
14,158
5,817
5,570
6,785
11,236
5,491
8,298
6,524
8.
8.
6,299
8.
8,081
6,566
7,629
5.199
5,707
4,350
6,4S4
9,106
4,423
4,910
5,136
2,579
4,682
7,987
1,561
5,557
2,724
4,995
8.
6,138
6,639
5,112
6,987
4,782
8.
6,759
5,231
4,698
2,865
6,478
3,714
8.
9,090
4,948
4,541
10.675
8.
8.
10,014
6,243
8.
5,973
4,406
4,484
2,347
2,641
2,794
5,976
5,160
8.
8,578
Alexandria, Egypt,
4,485
7,523
5,319
8.
10,104
6,189
6,008
3,2*5
6,374
2,933
3,426
1,000 280,750
9,156 165,753
5,000 156,000
2,500 71,500
10,156 446,503
7,500 227,500
This
week.
Since
Sept. L
1,000 225,000
9,000 471,000-
110,000
396,000
that the receipts for the week ending
April 22, were 1,000 cantars, and the shipments to all Europe
were 10,156 bales.
Manchester Market.—Our report received from Manchester
April 23 states that the market for twists and shirtings was quiet
and business small.
We give the prices below, and leave previ¬
ous weeks’ prices for comparison.
1878-79.
1879-80.
32s Cop.
Twist.
d.
d.
7
7
27 1138@L2
7
5 ll3fl®12
12 Llk^H^ 7
19 11 3 11*2 7
26 11
@114 7
2 11 @11L> 7
9 ....3
7
16 lO^ll
23 l()3sa)l078 7
“
Mar.
“
April
“
....
“
“
that the receipts since Sept. 1 up to
8*4 lbs.
Cott’n
Mid.
Shirtings.
Uplds
d.
9
9
9
6
8.
Feby.20 1112'5>1218
Total
This statement shows
This
Since
week. Sept. 1.
This statement shows
“
4,608,009 4,283,762 4,063,346 3,812,423 3,890,042 3,296,217
Percentage of total
94-25
92-82
93-50
94-41
96-34
p'rtrec’nts Apr. 23
4,000
2,550,000-
A cantar is 98 lbs.
*
2,843
8.
5,923
Total Europe
1878.
Since
This
week. Sept. 1.
To Continent
8.
6,077
3,469
3,897
3,199,000
Exports (bales)—
To Liverpool
for the corre-
5,000
1,561,000
1,000
This week....
Since Sept. 1
The following
1879.
1880.
Receipts (cantars*)—
8.487
6,045
weekly cable of
Liverpool and Alexandria, we now receive a
April 22.
1877-78.
Shipments.—Through arrange¬
Benachi & Co., of1
have made with Messrs. Davies,
we
the movements of cotton at Alexandria, Egypt.
are the receipts and shipments the past week and
Tot.Mr.31 4,480,842 4,140,519 3,901,825 3,734,592 3,757,682 3,185,484
8.
4,505
8,735
15,764
9,393
5,922
Apr. 1
«
{TOL. XXX.
""
'
d.
9
9
9
3
3
3
3
s.
@8
@8
@8
38
4^38
4n>@8
412'5'8
...
3
..
32s
Cop.
TwTist.
d,
d.'
73q
75ig
73»
738
714
738
714
714
d.
71o@83s
7hi@814
738@818
73s@8l8
7*8 a>8^4
l78383s
814®83s
S38@9
8ia3i)18
1^38
0
7
38
0
6^]« 858@914
0
8*4 lbs.
Cott’n
Mid.
Shirtings.
Uplds-
s.
d.
5
5
5
5
5
5
5
5
5
5
4^37
s.
3
@7
1L2'3>7
'3)1
@7
0
3
4^,37
6
6
'3)7
3)1
7H37
1^31
d.
d.
74
6
5|>16
53q
44
5516
3
53q
44
6
6
591fl
51316.
.5151(*
74
9
9
64
63s
638
The Exports op Cotton from New York this week snow an
to-night are now 324,247 bales more than they were to the same
increase, as compared with last week, the total reaching 14,671
day of the month in 1879, and 544,663 bales more than they
bales, against 14,513 bales last week. Below we give our usual
were to the same day of the month in 1878.
We add to the last table showing
the exports of cotton from New York, and their
table the percentages of total port receipts which had been direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1879, and in the last column the total
received to April 23 in each of the years named.
for the same period of the previous year.
India Cotton Movement prom all Ports.—The figures
Exports of Cotton (bales) from New York since Sept. 1,1879.
which are now collected for us, and forwarded by cable each
Same
Week endingTotal to period
Friday, of the shipments from Calcutta, Madras, Tuticorin, Cardate.
Exported to—
Meh.
Apr.
Apr.
Apr.
previ’us
21.
7.
14.
war, &c., enable us, in connection with our previously-received
31.
year.
leport from Bombay, to furnish our readers with a full and Liverpool
7,683 7,153 13,712 14?,198 290,129 204,586
'7,006
4,812
complete India movement for each week. We first give the Other British ports.
Bombay statement for the week and year, bringing the figures Total to Great Britain 7,683 7,153 13,712 14,198 297,135 209,398
down to April 22.
473 20,108 11,145
113
Havre..
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
Shipments since Jan. 1.
Shipments this week
Year Great Conti¬
Brit’n.
nent.
Great
Total. Britain.
Conti¬
Total.
nent.
Receipts.
This
Week.
100
Other French ports.
Jan. 1.
Bremen and Hanover
Hamburg
23,000 24,000 47,000 157,000
24,000 11,000 35,000 109.000
15,000 13,000 28,000 188,000
10,000 14,000 24,000 226.000
1880
1879
1878
1877
192,000
138.000
248,000
194,000
349,000 58,000
565,000
247,000 38.000
398,000
436,000 33,000
420,000 63,000
536,000
644,000
According to the foregoing, Bombay appears to show an increase
compared with last year in the week’s receipts of 20,000 bales, and
an increase in shipments of 8,000 bales, and the shipments since
January 1 show an increase of 102,000 bales. The movement at
Calcutta, Madras, Tuticorin, Car war, &c. for the same week and
years has been as follows.
Other
Year.
1880
1879
1878
1877
Conti¬
Great
Britain.
nent.
15,000
6,000
Shipments since January 1.
Great
Britain.
Total.
Total to North. Europe
4,000
4,000
19,000
10,000
118,000
3,000
3,000
15,000
44,000
Total.
nent.
33,000
45,000
34,000
6,000
63,000
as
1880.
Shipments
to all Europe
from—
Bombay
All other p’rts.
Total
This
week.
Jan. 1.
47,000
19,000
66,000
Since
1879.
This
week.
Since
Jan. 1.
This
week.
349,000
151,000
35,000
28,000
10.000
247,000
108,000
500,000
45,000
355,000
31,000
This last statement affords a very interesting
total movement for the week ending April 22,
years up to
1878.
date, at all India ports,
3,000
Since
Jan. 1.
436,000
49,000
485,000
comparison of the
and for the three
2,523
2,835
39,286
18,745
2,202
5,610
5,610
7.464 14,51 3 14,671 359,735
244,998
Cir
t>
t'vn T'm’vt
S.190
i uk following are THti; Receipts op Cotton at New York.
Boston, Philadelphia and Baltimore for the past week, and since
1
v
1Q79*
lurk.
xNew
Receipts
This |
from—
Since
jSept. 1.
5,883’155,210
N. Orl’ans
Texas....
1
400
Boston.
This
week.
04..743
1.75,706
4
|
Since
Baltimore.
Philadelphia.
This
-This
Since
Since
Sept. 1. week. Sept.l. wreek; Sept. 1.
5,279
2,575
14,930
23,545
2,869
36,675
620
56,595
...
Florida.
.
*433 104,733
46 39,975
596 196,919
12
6,046
Virginia..
North, pts
Tenn., &c.
5,171 183,124
4
Foreign..
12,904
......
***65
31
48,464
962 130,344
2,388
‘*91*6 10,661
230
10,167
1,515
72,927
462
1,186 136,584
445
58,610
15,000
4,540 379,302
445
81,459
3,275 165,812
3,414 77.464
2,559[l46,195
3,064
This year. 12,545 965,220
Last year
1,290
5,650
’
709,8051
9.171 293,158
of cotton from the United
latest mail returns, have reached
55,061 bales. So far as the Southern ports are concerned, these
are the
same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York, we
Shipping
EXPORTS TO EUROPE FROM ALL INDIA.
13,708
3,206
S.Car’lina
N Car’lina
follows.
..
23,312
13,451
Total Spain, &c
50,000
than Bombay is 9,000 bales more than same week
For the whole of India, therefore, the total
shipments this week and since January 1, 1880, and for the
-corresponding weeks and periods of the two previous years, are
801;
198
11,245
3,206
Savannah
Mobile
the ports other
of last year.
507
20,108
All other
151,000
108,000
49,000
The above totals for this week show that the movement from
302
300
199
198
Spain, Op’rto, Gibraltar,&c
week.
Conti¬
393
114
ports
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHEE.
Shipments this week.
473
113
Total French
Since
News.—The exports
States the past week, as per
include the manifests of all vessels cleared up
night of this week.
to
Wednesday
Total bales.
Erin, 2,196
Arizona,
2,904
Gallia, 676
City of
City of Richmond, 600
Chester, 1,068
Lalande, 771
Palmyra, 2,052
Per
ships Royal Edward, 1,233
Loch Long, 1,039—Hip-]
polyta, 1,639
;..
To Havre per steamers Volmer, 285
Laurent, 188.
New York—To Liverpool, per steamers
_
lMgg
4/3
411
THE CHRONICLE
24, 1880.J
April
Monday,
Total Bales.
Orleans—To Liverpool, per steamer
ship Kinburn, 4.100
To Havre, por ship lie Marthe, 4,794
New
Haytien, 4,150
To Antwerp, per steamer Morglay, 675
To Cronstadt, per bark Aurora, 2,442
To Barcelona, per barks Auguste, 2,650
per
8,250
4,794
675
2,442
3,048
Victoria, 398
4,200
1,780
1,496
1,500
12
bark
3,750
Charleston—To Koval, per ship Richard III, 4,200 Upland
To Gottenburg, per bark Erna, 1,780 Upland
Savannah -To Liverpool, per bark Guiona, 1,496 Upland
To Amsterdam, per bark Prindsesse, 1,500 Upland
To Mahon, Spain, per bark Juanita Clar,-12 Upland
Texas—To Liverpool, per steamer Cuban, 843
per
7.
Inveresk, 2,907
Baltimore—To Liverpool, per steamers Circassian, 900—May-
per bark
Hibernian, 21
Pedro, 438
700
aguez,
Chevy Chase, 200
steamer Braunschweig, 1,162.
Boston—To Liverpool, per steamers Victoria, 1,158
573
Olympus, 201
Persian, 1,417
Philadelphia—To Liverpool, per steamers British
To Bremen, per
Istrian,
Empire,
1,180....Illinois, 493
2,259
1,162
3,349
1,673
6i&ie Sept.-Oct. ....62932®78 I June-July
690
i Apr.-May
Apr.-May
6i516®2932 Oct.-Nov
6*2
May-June
May-June
6i5ie Nov.-Dee
62932 June-July
June-July.. 6i516'®2932 April
6i516 Aug.-Sept
July-Aug. ..63132® i«ie Apr.-May
62932 May-J une
7® 631,32 May-June
Aug.-Sept
Tuesday.
Havre,
473
pool.
New York...14,198
N. Orleans... 8,250
Delivery.
Savannah
Texas
Baltimore
Boston
...
12
3,008
3,750
United States ports, etc.:
Orleans, March 18, for
put into Dartmouth April 19, with the loss of her foremast
Ben Lomond, steamer
Rouen,
(Br.), Brock, from New
and main topmast. She also lost a man overboard,
hatch, wheel and a boat were damaged.
Irene Morris, steamer (Br.), Moffet, from Charleston for
63i33
July-Aug
Aug.-Sept
7
Aug.-Sept
Mon.
Satur.
n32® **8 1132®38
1764
1764
Do
sail... d.
17G4
c. 916's>58* 916'®58* 916® ®8*
Havre, steam
Liverpool, steam d.
Do
i
sail
Bremen, steam, .c.
sail
Do
sail.
Do
..c.
Baltic, steam....<?.
Do
*
..
916*
916*
*2
58
^8
...®
®
51«
12® 58*
**
12'3)5S*
*2®B16*
12®B16*
*2
12
*2
*2
3f>® 13^2
d.
sail
12® 58*
*2 a)58*
%
Amst’d’m, steam.c.
*2® ^8*
*2
*2
sail...c.
Do
*2® 58*
*2® ®8+
916*
Hamburg, steam, c.
B16
b16
14®1T64 24® i764
*2
*2
c.
12® 58*
*2
%
...®
...®
Fri.
^® i764
12® 58+
kj
c.
Thurs.
516
*
*2
58
...®
*2
58
...®
38®1332 3s® 1332 30® 1332 •*8® 1332 3q® 1332
B16
Blfl
516
B16
B10
Compressed.
Liverpool.—By cable from Liverpool, we have the following
week’s sales, stocks, &c., at that port:
statement of the
April 9. April 16. April 23.
April 2.
54,000
15,000
42,000
4,300
2,200
655,000
474,000
97,000
72,000
6,500
335,000
232,000
31,000
12,000
25,000
3,100
1,570
bales.
Sales of the week
Forwarded
Sales American
Of which exporters took ....
Of which speculators took..
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
..
67s®2932
julv-Aug
.
}
Delivery.
Sept.-Oct
6i3ie
I April
Delivery.
6i732 1 April-May
61332 May-June
62732 Aug.-Sept
62932 Sept.-Oct
Oct.-Nov
Nov.-Dee
J ime-Jilly
Aug.-Sept
62732
62732
62732
678®2932
62732
Aug.-Sept.. ..62932®78
Friday.
Delivery.
April
6131e
Apr.-May
62532®i316
..
6i3lc
t;i316
May-June
June-July
627oo
Aug.-Sept. 678®2732®’78
Sept.-Oct
61316
July-Aug
Delivery.
Delivery.
Nov.-Dee
638
625,32
62532 @ 34
May-June
Aug.-Sept
Sept.-Oct
62»32
62732
62032
Oct.-Nov
61&32
June-July!
62532
May-June
62&32
July-Aug
61316
6*2
638® 1332
Oct.-Nov
No v.-Dec
April
Apr.-May
May-June
63t
breadstuff s.
Reval, which
follows:
Wednes.
Tues.
Sept.-Oct..
' ,.678
Aug.-Sept.. ..678®2933
and her main
April 8, has reached a Baltic port. She will
discharge cargo, part of it having been damaged by lire.
'William Burkitt, steamer (Br.), Freeman, from Savannah for Reval,
before reported at Copenhagen leaky, has repaired and reloaded
and proceeded for Reval.
P. C. Merriman, bark, Young, from Norfolk, arrived at Liverpool April
4, reported: March 11 and 12, in lat. 44 N., Ion. 25. W., experi¬
enced very heavy" S. E. gales, and ship had bulwarks stove and
^
took in a large quantity of water on deck.
freights the past week have been as
Delive.'y,
Delivery.
62732®78
arrived at Copenhagen
Cotton
7
6I32
I June-July
Delivery.
April
01316
Apr.-May
6i316
May-June...
6i316
June-July.. 62730® 1316
July-Aug
67s
of disasters to vessels
give all news received to date
carrying cotton from
6i»i8
63132
Apr.-May
May-June
June-July
July-Aug
Thursday.
6,642 1,780 3,060 55,061
2,175
1,162
5,267
6*2
6^8
62732®78 ] Aug.-Sept.. 62932®151(J
May-June
1,673
Total.... 34,975
we
5,980
Apr.-May
3,421
3,349
’
1,162.
....
1,673
Philadelphia
Below
....
1,500
1,496
3,750
2,259
3,349
...
63132
6IB15
Oct.-Nov
Nov.-Dee
|
678
62732®78
April
3,048 19,209
....
1,780
4,200
6i5l6 Sept.-Oct
Wednesday.
14,671
2,442
675
4,794
Charleston
7
Aug.-Sept
burg. Mahon. Total.
stadt.
werp.
men.
6i5ie® 3132 Sept.-Oct
Apr.-May .!
615iq
May-June ..6i5i6®3i32
June-July ..6i»16®3i32
July-Aug
63i32
Got- Barceten Iona &
Amst’d’m Reval
& Ant- & Cron-
Bre-
Liver¬
Delivery.
Delivery.
Delivery.
April
arranged in our usual
particulars of these shipments,
form, are as follows:
The
d.
6W18
62932
67s
62932
6i516
62 932
..
55,061
Total
Delivery.
d.
Deliverif.
Delivery.
April
44,500
23,000
35,500
6,200
1,320
659,000
39,000
38,000
17,000
4,900
1,290
702,000
499,000
98,000
75,000
7,200
319,000
Friday, P. M.,
April 23, 1880.
of values for flour was checked early in
considerable sales of common extras for export at
It is said that millers all over the country are re¬
The downward course
the week after
$4 50(d$4 75.
ducing production or stopping altogether, from choice or
necessity, and certainly the quantity arriving at the West, as
well as at this market, has fallen off materially. Yesterday there
was some recovery in prices—partly from sympathy with wheat
—while the export demand was very good. To-day there was a
good demand at steady prices. Bye flour and corn meal have
recently been more active, but at prices favoring buyers.
The wheat market further declined early in the week, until
on Tuesday No. 2 red winter sold down to $1 28 on the spot,
$1 27 for April, $1 25 for May, $1 22% for June and $1 13%
for July; No. 1 white, $1 24% spot and April and $1 22 for
May; No. 2 spriDg, $1 22@$1 24, and No. 3 do. $115@$117 on.
the spot. Since then there has been a material recovery, with
a good export demand, and a very active speculation, closing
last evening with No. 2 red winter $1 33% for April, $1 31 for
May and $1 28 for June ; No. 1 white sold at $1 30 on the
gpot and $1 26% for May; No. 3 spring $1 18(8) $1 20 on the
spot. The break in the canal at Utica threatens to cause an
unfortunate delay of supplies for May delivery. To-day spots
were about steady, but futures weakened, No. 2 red winter
selling at $1 30)4 for May and $1 27 for June.
Indian
corn was
quite depressed
early in the week, but has
latterly improved considerably, No. 2 mixed closing last evening
at 55)4@55%c. on the spot, 53%@54c. for April, 47%c. for May
and 47c. for June. Other grades continue scarce. To-day spots
4,400
Actual export
further advanced, but futures were dull, without important
349,000
Amount afloat
182,000
256,000
Of which American
change.
The tone of the Liverpool market for spots and futures each day cf the
Bye sold down to 88c. for prime State, but is since held at
week ending April 23, and the daily closing prices of spot cotton, have
90c. Barley has been in fair demand at steady prices.
been as follows:
Friday.
Oats have, been excedingly variable, with considerable specu¬
Saturday Monday. Tuesday. Wednes. Thursd’y
Spot.
i
lative activity, the sales of yesterday embracing No. 2 mixed at
A
Very
shade
Market, ?
Quiet.
dull.
Steady.
Easter
Steady.
40%c for April and 38%c. for May. To-day the market was
easier.
12:30 p.m. J
67s
61516
7
61&10
7
7
quiet; No. 2 graded on the spot quoted at 41 %c. for
Mid. Upl’ds
7
6l6ie
7
7116
Mid. Orl’ns.
7*16
7*16
and 48 %c. for white.
GRAIN.
Market, l
FLOUR.
5 P. M.
T^cat
$
No. 2
$ bbl. $2 85® 3 75
No. 3 spring, $ bu.$l 18 ®1 20
5,000
7,000
6,000
8,000
8,000
Sales
Superfine State and
®1 26
7,000
""
626,000
455,000
95,000
70,000
468,000
63,000
48,000
5,300
331,000
209,000
"
mixed
—
~
s
Spec.& exp.
1,000
1,OOC
500
1,000
1,000
500
Futures.
r
Market,
)
5p.m.
V
Steady.
Firmer.
The actual sales of futures at
below. These sales are on the
unless otherwise stated.
8teady.
Firm.
Firm.
Steadier.
Liverpool for the same week are given
basis of Uplands, Low Middling clause,
Saturday.
Delivery.
d.
Delivery,
d.
d.
658'S>1932
April
6i516'®2933 June-July ..6i°i6®2932 Oct.-Nov
Nov.-Dee
61532
July-Aug
63 loo
62932
Apr.-May
67s
'@1516'g)2932@lS16 Sept.-Oct..
®1&16®2932
Aug.-Sept.. .7'2>63ioo
6i516
May-June
'©lois
®2932®78
Delivery,
-
.
3 90®
Western
Spring wheat extras..
4 60®
Patents
4 85®
5J40®
6 00®
do XX and XXX...
Winter shipp’gextras.
do XX and XXX...
Western‘’rye mix”...
City shipping extras.
Southern,
bakers’ and
family brands
South’n ship’g extras.
Rye flour, superfine..
Corn meal—
4 85®
540®
4 75®
5 75®
5 15®
4 50®
2 40®
Brandywine, Ac.... 315®
Western, &c
4
4
6
5
6
40
75
50
25
50
7 50
5 65
5 85
6 75
5 60
4 85
2 85
3 20
1 24
1 26
Red winter, No. 2 1 34
White....
127
No. 1 white
1 30
54
torn—West. mixed
No. 2 spring
Amber winter
...
West’n No. 2, new
West, yellow, new
West, white, new
►ats—Mixed
White
Parley—Canada W
State, 4-rowed..
State,
2-rowed..
’eas—Can’da,b.&f.
®1 33
®1 35
®1 31
®1 30*3
®
5612
56 ® 563*
55 ® 57
56 ® 58
87 ® 90
39 ® 42*3
45 ® 52
80 ®1 05
80
70 @
70
62 @
83 ® 95
THE CHRONICLE,
442
(From the “ New York Produce Exchange
Weekly.1*)
Receipts of flour and grain at Western lake and river ports
for the week ending April 17, 1880 :
Flour,
Wheat,
Corn,
Oats,
bush.
bush.
(56 lbs.)
hush.
hbls.
At—
Chicago
..
Milwaukee...
Toledo
Detroit
..
..
Cleveland
Bt. Louis
..
..
Peoria
Duluth
4,577
2,501
24,789
(60 lbs.)
108,412
55,420
196,443
145,234
6,750
199,680
2,505
6,890
(196 lbs.)
29,946
26,985
..
551,597
18,075
554,181
4,470
25,670
411,940
307,430
Eye,
Barley,
hush.
hush.
(32 lbs.) (48 lbs.) (56 lbs.)
29,036
18,750
209,539
19,393
5,580
4,561
13,200
5,606
5,350
599
1,734
50,823
6,300
15,980
1,629
67,325
12,000
5,400
|Vgl. XXX.
In 8tore at—
New York
Do. afloat (est.)
Albany
Milwaukee
—
Oswego...........
8t. Louis
Boston
Toronto
Montreal
Peoria
718,829 1,873,363
858,145 1,180,434
Total receipts at same
for four years:
83,800 18,584
66,364 41,826
360,421
356,717
ports from Jan. 1 to April 17, inclusive,
1880.
1879.
•
1878.
1877.
Flour
.bbls.
1,665,121
1,985,699
1,800,990
1,257,299
Wheat
Corn
Oats
hush.
12,436,822
38,899,025
6,146,255
16,890,937
21,418,120
17,001,556
21,813,871
5,836,107
4,789,502
1,928,896
6,579,134
1,845,858
656,935
838,714
60,067,933
47,572,763
Barley
Rye
18,604,360
4,065,781
1,711,524
2,227,009
bush.
124,636
11,083
78,800
Philadelphia
Total
91,306
Same time ’79. 123,214
Corn,
hush.
Indianapolis
Oats,
Barley,
170,821
173,199
50,260
31,000
141,511
499,371
100,500
61,766
43,000
37,973
405,264
265,058
96,147
51,037
5,200
4,261
150,000
17,952
2,423
33,399
4,375
1,135
72,746
5,972
33,133
bush.
402,901
2,794,979
300,000
1,500
1,766,732 1,369,284
8,724,647 3,778,302
24,561
4,481,592
270,000
238,000
569,152
834,338
2,623
291,963
60,000
190,000
383,036 1,333,356
67,178
273,568
313,942
36,500
143,616
Buflalo
Chicago
Duluth
Toledo
Detroit
Wheat,
510,505
343,023
93,000
bush.
177
74,820
7,706
1,000
98,198
20,946
23,050
131,471
4,000
64
40,030
5,000
1,942
3,535
62,532
110,800
123,415
157,948
134,043
653,282
200,524
1,400,000
888.623
277,804
3,500.000
300,000
Apr. 10. ’80
Apr. 3, ’80
Mar. 27, ’80
23,002,047
23,838,359
24,382,845
24,226,709
13,969,947
15,877,576
15,163,948
16,698,308
2,085,255
2,253,504
2,760,185
2,993,794
Mar. 20, ’80
25,864,237 15,599,088 2,914,671 2,638,464
Apr. 19, ’79
18,140,463 12,368,078 1,996,725 1,971,978 1,011,699
235,385
Kansas City
Baltimore
Eail shipments...
Lake shipments..
Total Apr. 17, ’80.
,
-
82,286
42,998
100,000
1,350,585
1,669,178
2,033,927
2,227,583
544,070
637,073
690,543
680.498
775,281
625,907
1,157,979
THE DRY GOODS TRADE.
Total
grain....
Total
to
48,036,522
24,797,074
receipts (crop movement) at the same ports from Aug. 1
April 17, inclusive, for four years:
Flour
.
.bbls.
1879-80.
1878-79.
1877-7S.
1876-77.
3,991,946
4,730,255
4,573,384
3,910,991
Friday, P. M., April 23, 1880.
The
dry goods market has been devoid of animation the past
week, and yet the jobbing trade was of fair aggregate propor¬
tions. The movement in cotton and woolen goods from first
hands continued
sluggish, but stocks are in such good shape
pressure on the part of manufacturers’ agents
Cora
to stimulate business by granting extra inducements ; and the
22,539,144
Oats
20,559,689
8,887,601
9,795,775
Barley....
most popular fabrics were held with unabated firmness, under
3,795,057
3,134,796
3,608,923
Eye
the belief that the late lull in the demand cannot be of long
Total grain
192,186,291. 169,690,023 147,478,663 116,908,884 duration. The retail branches of the trade are reported active
in most parts of the country, and the improved condition of
Comparative shipments of flour and grain from the same
consumers is being reflected in the increased demand for fabrics
ports from Jan. 1 to April 17, inclusive, for four years:
of a superior class, which are more sought for than for some
1880.
1879.
1877.
1878.
Wheat
74,821,252
83,400,655
72,979,703
6L,488,515
60,486.817
56,903,487
18,247,664
8,705,869
34.182,487
57,354,261
15,111,571
7,777,174
2,483,391
hbls.
1,405,447
2,061.492
1,796,303
1,184,000
hush.
8,028,825
25,933,528
10.617,444
13,942,36 L
4,839,950
1,496,513
15,371,132
15,320,637
2,833,971
1,267,530
2,881,041
10,982,436
2,638,270
1,068.806
530,790
572,720
867,160
309,OSS
40,212,963
31,461,988
35,660,430
17,879,641
.bush.
that there
was no
....
Flour
Wheat
Corn
Oats"’
4,560,948
1,158,875
Barley
Rye
Total grain
....
Rail shipments
Week
ending—
Apr. 17
Apr. 10
Apr. 3
Mar. 27
from same ports for the last four weeks:
940,573
81,696
102,942
124,994
111,326
Total, 4 w’ks.423,958
4 weeks ’79..549,448
*
Wheat,
bush.
Flour,
hbls.
1,514,070
2,185,550
752.144
Cora,
bush.
2,275,624
5,471,394
3,215,295
2.817,751
Oats,
bush.
463,965
512,037
426,347
501,678
5,392,943
*
1,904,027
4,208,917 5,549,637 1,049,093
their distribution.
323,496 246,971
393,364 257,116
Receipts of flour and grain at seaboard ports for the week
April 17:
..
..
..
Philadelphia....
Baltimore
New Orleans...
..
..
..
Wheat,
Cora,
Oats,
bbls.
bush.
busli.
bush.
72,292
45,459
724,038
24,500
3,500
5,875
9,879
19.748
15,000
21,354
226,400
684,100
11,723
177,352
168,467 1,872,340
Total week
Cor. week’79.... 184,504 1,585,220
And from Jan. 1 to
Barley,
548,443 116,534
541,150 27,950
1,329
55,000
1,400
622,600 36,800
652,800 10,200
9,858
519,434
2,939.427 204,071
bush.
1,100
9,010
4.500
1,000
.
....
1,500
1,000
10.100
11,510
2,888,155 439,492 66,072 107,890
April 17, inclusive, for four years:
1880.
1878.
1879.
Print cloths
were
dull and weak at 5@5%c.
4l£@4%c. for 56x60s, and prints were very quiet
unchanged prices. Lawns, ginghams, wide
prints and cotton dress goods were severally in fair request and
steady.
for 64x64s and
in first hands at
3,500
!
of domestics hence to
Eye,
31,437
ended
Flour,
,
bush.
Eye,
bush.
42,998
148,301
42,232
13,780,064.
At—
New York
Boston
Portland
Montreal
past.
Domestic Cotton Goods.—The exports
foreign markets were comparatively light, having been only 768
packages for the week ending April 20. These shipments
included 420 packages to Great Britain, 113 to Venezuela, 70 to
Brazil, and smaller lots to other countries. Large additional
orders for brown cottons, &c., were, however, placed with man¬
ufacturers’ agents by exporters, and shipments will doubtless
be of greatly-enlarged proportions in the near future. The
demand for cotton goods by jobbers continued light, but there
was a freer inquiry for certain makes by converters and manu¬
facturers, and in this connection some fair transactions were
reported. Prices of the best makes of plain and colored cottons
were uniformly firm in first hands, but slight concessions were
made on some outside makes that were unduly advanced some
time ago, and various makes of cotton goods were offered at
relatively low figures by jobbers, in order to give an impetus to
»
Barley,
bush.
82,286
83,906
88,120
69,184
years
1877.
Domestic Woolen
Goods.—The
market for woolen goods
opened quiet, and continued so until neaily the end of the
week, when a few buyers appeared for reassortments, and busi¬
ness became a trifle more active.
There was a steady move¬
clothing woolens from first hands on account of back
of which are still unfilled), but rather less urgency
Wheat
bush. 14,629,804
23,753,037
19,277,464
1,723,543
38,758,862
30,500,677
was manifested by elothiers, most of whom are
Corn
30,867,192
22,518,728
5,476,225
5,527,352
Oats
4,234, 667
3,987,656
Barley
1,324,010
1,289,484
1,882,067
936,465 bountifully supplied with goods for their immediate require¬
Rye..
329,559
1,170,341
322,872 ments. Values of all woolen fabrics of a desirable character
920,894
Total grain.... 60,518,460
62,357,960
57,065,216 29,489,264 are firmly maintained, in sympathy with the steady rise in the
staple, and the forthcoming products of many mills are largely
Exports from United States seaboard ports and from Montreal
under the control of orders.
Fancy cassimeres were in limited
for week ending April 17:
demand, and some odd lots of union goods were closed out at a
Flour,
Wheat,
Lorii,
Oats, Eye,
Peas,
From—
' hbls.
bush.
hush.
bush.
bush.
bush. slight reduction in price. Cheviots and worsted coatings were
New York
78,455
970,895
991,571
6.068 57,641
8,356 in
light request, and overcoatings ruled quiet; but nearly all
57,030
Boston
29,396
335,504
100
Portland*
2,953
6,329
2,400 leading makes continue sold in advance of production. Ken¬
14,860
51,760
Montreal
tucky jeans and satinets were quiet, but prices are fairly steady.
Philadelphia..
5,635
286,867
605,469
19,122
444,722
609,908
Baltimore
'.
Flannels and blankets continue closely sold up and firm, but the
Total for w’k 135,561 1,774,314 2,594,212 12,497 57,641 10,756 current demand was comparatively light;
Bame time *79. 124,877 1,321,518
1,598,107
5,516
4,760 85,512
Foreign Dry Goods.—Business was quiet with importers, but
1,000 buBh. barley.
a fair distribution of dress goods, silks, satins, linen goods, &c.,
was made by leading jobbers.
The most staple fabrics remain
The visible supply of grain, comprising the stocks in granary
firm
in
price,
with
the
exception
of low-grade silks, which are
3ft the principal points of accumulation at lake and sea’ oard
Flour
hbls.
2,546,268
3,067,562
2,551,850
2,005,277
ment in
orders (many
for deliveries
*
ports, and in transit by lake and rail,
April 17, was as'follows
:
in redundant
supply, and consequently weak.
Importations of Dry Goods.
Receipts of Leading Articles ol Domestic Produce.
importations of dry goods at this port for the week ending
April 22, 1880, and for the corresponding weeks of 1879 and
1878* have been as follows:
entered for consumption for THE WEEK ENDING APRIL 22, 1880.
The
Value.
Pkgs.
Wool
Cotton
Silk
Flax
467
922
267
•••••
Miscellaneous...
..
Pkgs.
1S3
95,379
48,638
84
58,577
369
846
73,357
24,996
245
,
Flax
Miscellaneous
Ent'd for consumpt.
654
3,347
3,377
303
173
139
254
118,908
56,737
108,730
52,366
95,565
8,842
278,790
477,389
419,490
301,167
219,730
9,985 1,696,566
184
153
69,457
95
206
76,649
49,975
35,910
40,441
2,102
272,432
2,740
9,985 1,696,566
432,306
300,947 9,711
895,846 13,820 1,434,633
1,737
2,764
Total
757
1,850
THE MARKET DUR¬
ING THE SAME PERIOD.
Wool
Cotton
Silk
..
Value.
$
184,485
323,418
480,493
236,498
209,739
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
Manufactures of—
Pkgs.
895,846 13,820 1,434,633
2,764
Total
Value.
$
527
116,467
233,103 1,051
826
284,530
181,036 1,269
80,710 10,147
316
792
'
1880.
1879.
1878.
Manufactures of—
4,501 1,196,793 23,531 1,866,939 12,725 1,968,998
FOR WAREHOUSE DURING 8AME PERIOD.
Total on market...
ENTERED
Manufactures of—
Wool
Cotton
Miscellaneous
197,726
86,402
106,658
164,671
50,446
552
254
104,520
237
80,246
154
38,188
89
58,678
304
50,690
24,848 13,604
211
131
71
252
169
Bilk
Flax
413
THE CHRONICLE.
24, 1880. J
APRi.t
42,114
75,429
57,409
71,280
120
896
6,675
The
following table, based npon daily reports made to the
Exchange, shows the receipts of leading
articles of domestic produce in New York for the week ending
with Tuesday last (corresponding with the week for exports)
also the receipts from January 1, 1880, to that day, and for the
corresponding period in 1879:
New York Produce
Week ending
April 20.
Ashes
Beans
125
581
...bbls.
2,764
nt’d for consumpt.
605,903
8,497
9,985 1,696,566
350,752
252,650 14,388
895,846 13,820 1,434,633
834
3,598 1,148,496 28,208 1,785,385 18,482 2,302,469
Total at the port...
Imports of Leading Articles.
The following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this port since
January 1, 1880, and for the same period in 1879:
(The quantity is given in packages when not
1880.
Flour, wheat
.bbls.
..
Com meal
Wheat
55,434
2,760
948,540
18,850
502,528
..bush.
Rye
..bush.
Corn
Oats
Metals, &c—
26,307
Lead, pigs.
11,132 Spelter, lbs 2,760,840
Steel
140,645
76,641
516,153
9,192 Tin, boxes.
1,586 Tin slbs.,lbs 11,868,779
88,136
3,798 Paper Stock.
9,363 Sugar, bhds,
9,270 tcs., & bbls.
178,937
678,476 Sugar, boxes
902,705
5,068 and bags...
4,497
14,842
.
176,915
9,942
1,989
5,043
9,921
Coal, tons...
Cocoa, bags.
Coffee, bags.
Cotton,bales
15,185
751,204
.
.
Gum, Arab.
Indigo
Madder, &c
Oil, Olive..
Opium
Soda, bi-cb.
Soda, sal...
Soda, ash..
..
14,637 Tobacco....
27,760
446
152
39,602
663
4,906 Waste
1,053 Wines, &o.—
13,631
Champ’gne
baskets..
1,432
1,767 Wines
1,316 Wool, bales.
23,119
35,371
9,085
13,373
9,836 Reported by
10,853
7,868
1,956
22,893
2,940
Cochineal..
Gambier
3,230
315
319
..
5,815
14,319
19,207/
863;
5,102
20,687
21,945
2,620
Flax
Furs
4,118
1,414
5,142
Gunny cloth
Hair
Hemp, bales
Hides, &c.—
Bristles
..
451
3,472
26,310
Jewelry,&cJewelry...
.
Fish
Lemons
3,118
306
191
Linseed
Molasses....
183.993
126,298
21,449
16,473
Metals, &c—
Cutlery
2,468
429,116
17,540
303,279
230,508
146,745
132,148
Cotton
Cotton seed oil
Flax seed
Grass seed
Hides
Hides
..bales.
Hops
..bales.
Leather
Lead
Molasses
Molasses
Naval Stores—
..sides.
...bbls.
..bags.
310,957
9,592,781
67,669
Woods—
Cork
Fustio
176
Logwood
..
93,744
58,653
132,611
107,907
27,844
..
Pepper....
Saltpetre...
27,129
79,268
Cassia
Ginger..
3,374,750
178 414
166,936
197,227
15,463
267,986
274,251
69.700
59,293
Mahogany.
154,516
54,275
Exports of Provisions.
are the exports of provisions
The
following
from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for week ending April 17,1880, and their distribution :
To—
Tork,
Reef,
Lard,
Bacon,
Cheese,
bbls.
bbls.
lbs.
TaHow,
lbs.
lbs.
lbs.
London
Liverpool....
Glasgow
Hull
Bristol
150
895
217
95
....
Newcastle.
..
229
687
509
105
113
25
W. Hartlepool
Antwerp
Hamburg....
Denmark
80
50
230
380
160
322
50
20
Bremen
....
Bantzic;
Konigsberg..
Havre
French ports.
Brazil
m
_
_
10
....
....
140
314
150
1,510
1,789
497
202
Total week..
m
m
•
T
20
53
....
134
147
50
21
737
84
66
169,600
2,109,297
277,100
178,820
180,350
28,000
1,589,200
683,228
1,533,820
704,000
216,000
636,500
1,337,378
280,000
85,473
8,928
179,145
1,132,125
5,303,707
924,250
606,401
752,900
462,650
43,140
240,000
177,540 1,208,500
42,000
120,200
21,200
55,000
22,700
1,676,200
563,200
66,0*00
645,600
463,525
71,250
190,000
1,228,090
166,250
6,400
2,305
26,724
51,700
135,030
78,036
27,900
155,729
4,200
11,198
6,636
52,453
1,800
16,181
11,000
244,140
15i;600
-
2,682
1,544
6,791
48,389
1,586
4,657
3.962 11.251.866 14.399,783
359.218 2.233,670
2,611,578
55,955
..hints.
423.084
8,642,432
2,683,899
1,293,583
137,830
3,914
2,986
852
58,729
45,679
17,641
5,996
87,890
70,754
336,671
10,786
52,859
22,330
1,254,240
96,859
5,568
1,138,683
545
447
545
4,941
40,920
74,825
394,072
48,032
25
Turpentine, crude. ...bbls.
bbls.
Turpentine, spirits.
12,108,000
309
884259
.pigs.
..
89.1
1,420
18,626
362
14,124
83,251
10,056
Rosin
Tar
Pitch
Oil cake
...bbls.
...bbls.
...bbls.
10,295
99,796
583
35
7,899
866
921
..pkgs.
17,591
Oil, lard
Oil, whale
...bbls.
68
193,382
1,668
168,953
7,582
.galls.
..bush.
2,292
40,317
43,701
.pkgs.
1,936
30,247'
118,813
427
11,971
16.818
-.pkgs.
pkgs.
.pkgs.
21,461
592,575
074,166
295,182
125,861
330,810
...kegs.
20,189
6,149
23,577
13,21 L
4,276
....No.
15
.pkgs.
3,413
1,250
.
Peanuts
Provisions—
Pork
Beef
.
=....
Butter
Cheese
.
.
-
...bbls.
tcs. & bbls.
Lard
Lard
Hogs, dressed
Rice
.
..slabs.
Spelter
Stearine
.
124
bhds.
285,847
16.659
49,863
14,426
34,753
11,063
980
160
7,037
25,887
..pkgs.
boxes & cases.
2,299
3,569
34,403
40,976
52,999
38,940
.hhds.
...bbls.
947
6,101
16,803
105,666
..bales.
207
7,575
13,034
114,024
14,347
..
Sugar
TaLlow
Tobacco
Tobacco
.pkgs.
.bbls.
312,838
164,261
209,648
196,625
42,331
40,672
28,700
15,872
5,209
71
Sugar
..
.
Whiskey
Wool
Exports oi Leading Articles of
Domestic Produce.
following table, based upon Custom House returns, shows
exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1880, to the same day, and for the cor¬
The
the
responding period in 1879:
Week ending
April 20.
Ashes, pots
Aslies, pearls
Beeswax
....bbls.
bbls.
lbs.
Since Jan.
1880.
1,
Same time
last year.
20
446
73
707
48
3,445
41,771
13,025
78,920
1,072,609
1,429
48,908
11,681,662
! 631,172
53,969
254,630
140,046
9,980,417
1
18,317
19,141
121,436
27,000
28,225
936,909
2,705
54,146
12,389,820
1,057,889
133,072
3
1,845
10,751
92
2,707
67,467
1,787
3,641
2,879
61,991
2,417
Breadstuff’s—
Flour, wheat
Flour, rye
Corn meal
Wheat
Rye
Oats
Barley
Peas
Cora
Candles
Coal
Cotton
Domestics
.bbls.
bbls.
bbls.
..bush.
...bush.
...bush.
...
.
...bush.
...bush.
..
.pkgs.
tons.
..
Hay
12
5,344
1,089,194
57,875
6,615
7,693
1,087,406
2,459
1,721
13,423
768
.pkgs.
1,809 *
..hales.
Hops
’
73,260
116,584
8,645,864
20,865
26,235
91,749
42,675
19,430
Naval Stores—
Crude turpentine.
Spirits turi)entine.
Rosin
Tar
Pitch
Oil cake
Oils—
Whale
Sperm
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
...
...
Cheese
Lard
100
bbls.
bbls.
1,830
....bbls.
167
cwt.
\ 159
30,026
547,994
568,714
gals.
—gals.
—gals.
288
23,438
449
61,314
180,821
10,872
61,088
35,135
333,529
2,922
gals.
2,387,588
80,048,296
46,731,977
....bbls.
....bbls.
.tierces.
7,589
73,585
82,853
1,770
1,122
10,461,005
299,844
584,268
17,273
21,499
14,493
182.585,584
lbs.
lbs.
lbs.
....bbls.
Rice
TaHow
...hhds.
Tobacco, leaf
bales and cases.
Tobacco
Tobacco.manufactured. lbs.
lbs.
Whalebone
6.259
1,216,669
188,649
357,881
14,017
1,723
No.
.bales.
.
Butter
2,664
2,312
26,354
12,622
2,223
-
..bags.
242,505
784,861
245,887
323,879
375,381
....
Hides, undr.
1,669
446
Hardware...
525,911
24,390
338,854
921,337
.
...
Nuts
231
867
.
..
Oranges
1,447 Rice
15,436 Spices, &c.—
824
ivory
Watches
Corks
Fancy goods
500
$
$
value.
1,327
64,648
1,034
Hides, dr^sd
52,906
Cigars
Raisins
India rubber
41,166
2,255; Fruits, &o.—
67,767
.
180,579
422,584
Tea
Bark, Peru.
Blea. powd.
22,671
368,415
3,771,920
38,554
660,503
319,582
20,675
1,924
Drugs, &e—
3,442
452,360
1,348
1,348,821
50,756
3,738
Peas
Eggs
3,425
Same time
last year.
17,671
29,611
6,010,837
187,235
11,004,230
2,931,698
125,386
Barley and malt.. ..bush.
Cutmeats..
1879.
1880.
1879.
China, &c.—
China
Earthenw
Glass
Glassware.
Glass plate.
Buttons
otherwise specified.)
1,
Breadstuff’s—
..
Total
Since Jan.
1880.
*
->
9,138,877
,
-
5,510,542
13,235,796
91,413,060
476
4,091
1,631,289
23,084,459
.
1,539
648
60,127
2,450
21,061
14,228
2,190,789
42,801
1.900
21,474
242,751,13 6
9,359,226
28,985,304
89,386,7"- 2
,
5,5( 0
23,075,119
16,598
8,630
2,l8o,b7 5
19,778
i
THE ICHRONIOLE.
444
(Yot. XXX
Financial.
Financial.
Insurance
UNION TRUST CO.
Hatch & Foote,
Coleman Benedict & Co.
NEW
OP
YORK,
CAPITAL,
~T
-
-
AS
HAS SPECIAL FACILITIES FOR ACTING
Hilmers,McGowan & Co
Transfer Agent
and
Registrar of Stocks.
BROKERS
Interest allowed on Deposits, which may be made
and withdrawn at any time.
N. B.—Checks on this Institution pass through the
COMMITTEE.
Samuel Willets,
Wm. White weight,
Geo. Cabot Waed
G. D. Wood.
N. P. Henderson,
Exchange
a
General Banking Business, including
STOCKS and BONDS for
the purchase and sale of
cash or on margin.
Bay and Sell Investment Securities*
J. H. Latham & Co.,
Y.
BROKERS
special charter to
trustee, guardian, executor, or ad
FOREIGN
United
It can act as agent in the sale or management of
r«eal estate, collect interest or dividends, receive
^gistry and transfer books, or make purchase and
Bale of Government and other securities.
Religious and charitable institutions, and persons
IN
EXCHANGE,
ministrator.
a
AND
52
Bonds,
OTHER
INVESTMENT
F. W. Perry.
Edgar M. Cullen,Counsel.
•
Buttrick &
Wm. B. Kendall, Henry Sanger, Alex. McCue,
John P. Rolfe,
Chas. B. Marvin. A A. Low.
Thomas Sullivan, Abm. B.Baylis, Henry K. Sheldon
H. E. Pierrepont, Dan’IChauncey, John T. Martin,
Alex. M. White, Josiah O. Low, Ripley Ropes,
Austin Corbin. Edmund W .Conies.
WM. R. BUNKER, Secretary.
BANKERS
Elliman,
AND
No. 2 Nassau
H. J. Morse.
WALL
STREET,
AND
BANKERS
DEALERS
IN
STREET.
J. H. Latham.
CHAS. R. MARVIN. Vice-Pres’t.
Wayland Trask.
Sheldon & Wadsworth,
10
SECURITIES,
WILLIAM
P. O. BOX 2,647.
A. M. Kidder.
;
States* Chicago, Cincinnati, St. Louis,
District of Columbia
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
RIPLEY ROPES, President.
TRUSTEES
Transact
York*
New
•
BROADWAY,
STREET AND
OF WALL
ST.,
Buy, Sell and Carry on Margins
Brooklyn Trust Co.
receiver,
COR.
68 BROADWAY AND 17 NEW
All Securities dealt in at the
This Company is authorized by
as
Street, New York:.
Members N. Y. Stock Exchange,
A. O. RONALDSON, Secretary.
act
IN
C. H. Kimball, J. P. Howell,
Cor. of Montague & Clinton sts., Brooklyn, N.
curities dealt in at the New York Stock Exchange
ooughtand sold for investment or carried on mar¬
gin. strictly on commission.
Coleman Benedict,
Jas. McGovern, Jr.
Member N. Y. Stock and Mining Exchanges.
Kimball, Howell & Co.,
EDWARD KING, President.
McLean, 1st Vice-President.
The
BROADWAY, NEW YORK*
Stocks, RaHroad Bonds, Governments, and all Se¬
mercial bills.
J. H. Ogilvie, 2d Vice.President.
J. M. McLean,
Augustus Schell,
E. B. Wesley,
G. G. Williams,
BROKERS,
(P. O. BOX 2,847.)
Special attention paid to the negotiation of Com¬
e
EXECUTIVE
Wall
03
LEGAL DEPOSITORY FOR MONEY*
J. M.
BOND
AND
Foreign Exchange, Stocks and Bonds,
Authorized by law to act as Executor, Administra¬
tor, Guardian, Receiver, or Trustee, and Is a
Clearing-House.
92
SELL
GOVERNMENT BONDS. STOCKS AND MISCEL¬
LANEOUS SECURITIES.
$1,000,000.
.
.
AND
BUY
Broadway, Cor* Rector St*
.No* 73
STOCK
BANKERS, No. 12 WALL STREET,
BONDS
AND
STOCKS.
All classes of negotiable securities bought
sold at the Stock Exchange on Commission.
vances made on same.
Wm. C. Sheldon.
and
Ad¬
Wm. B. Wadsworth.
BROKERS,
Insurance*
Street, New York.
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD UN COMMISSION.
WANTED:
All kinds of MISSOURI and
FAULTED COUNTY BONDS.
price paid for them.
ILLINOIS DE¬
Highest market
C. A. Buttrick, Member of the N. Y. Stock Exch’ge
Wm. Elliman, Member of the N.Y. Mining Exch’ge.
Give full description, antf
address,
Jj. A.
BANKER
COQUAWD,
124 N. Third street, St. Louis,
J.
WALCOTT
C.
Wm. F. Owens,
Member N. Y. Stock
BROKER,
AND
&
Mo.
CO.,
Mercer,
RANKERS
AND COMMISSION
STOCK BROKERS,
7 Exchange Court and 52 Broadway.
Interest allowed on deposits, to be drawn at will
Also, Contracts made and carried in New York
Cotton and Produce Exchanges. We issue a Daily
Letter which will be sent on application.
Street,
Transact a General Banking Business, buy and sell
on commission all securities dealt in at the New
York, Philadelphia and Boston Stock Exchanges,
or on margin.
Special attention
given to Mining Stocks.
Jos. C. Walcott,
Frank f. Dickinson,
Members N. Y. Stock and Mining Exchanges.
either for cash
A. H. Brown &
BANKERS
AND
7 Wall St., Cor. New,
BANKERS,
INVESTMENT
Street, Drexel Building.
Co.,
BROKERS,
Clinton B. Fisk & Co.,
No. 3 Rroad
261—264 Broadway, N. Y.
Exchange.
Owens &
BANKERS,
No. 29 Rroad
Geo. A. Mercer.
New York.
SECURITIES.
Special attention to business of country banks.
DEALERS IN
GOVERNMENT AND INVESTMENT SECURITIES
BUV AND SELL ON COMMISSION,
-
Gilman, Son & Co.,
For cash or on margin, all securities dealt in at the
New York Stock Exchange. Brokers in State, Rail¬
way, Municipal, Mining and Miscellaneous Btocks
and bonds.
BANKERS,
62
James M. Drake & Co.
In addition to a General
AND
DREXEL
22
Wall
ties.
,
BUILDING,
Hinckley & Jones,
St., New York.
BUY and SELL RAILROAD STOCKS and BONDS,
U. S. GOVERNMENT, STATE. CITY, and all other
Negotiable Securities, ON COMMISSION.
Mr. J. M. Drake has been a member of the New
York Stock Exchange since 1852, and will give per¬
sonal attention to all business entrusted to the firm.
No. 19 William
Street, New York.
GOVERNMENT BONDS, STOCKS
AND INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
SPECIAL ATTENTION GIVEN TO
MINING
EDWARD POMEROY, W. H. COX, JR., OSCAR B. SMITH.
No.
37
AND
J. D. Probst & Co.,
BROKERS,
BROAD
STREET.
STOCK
STOCKS and BONDS
At Auction.
The Undersigned hold REGULAR AUCTION
SALES of all classes of
STOCKS
AND
AND
adriam
h.
AND
.
BROKERS,
Stocks, Railroad Bonds, Governments, and
Miscellaneous Securities, Bought and Sold.
Dodge, Potter & Co.,
SATURDAYS.
a
COTTON
son,
*
-
-
$4,983,226 81
872,484 06
-
JAMESTTELL, President.
LIBERAL AND IMPORTANT CONCESSIONS Z?
LIFE INSURANCE CONTRACTS.
Examine the new form of Policy issued by
United States Life Insurance Company before
Buring elsewhere.
After the premiums for three or more years hav
been paid, upon receiving the required notice from
the assured, the Company will continue the Policyin force without further payments, for its FULL
FACE, for such a period as the ENTIRE RESERVE
will carry it.
Should the dath of the insured take place during
the continued term of insurance as provided for
above, the full face of the Policy will be paid—ne
deduction being made for foreborne or unpaid
premiums, excepting in the event of the deatt
occurring within three years after the original
default. •
The new form of Endowment Policy provides
That if the ENTIRE RESERVE is a greater sum
than the single premium required to carry the full
amount of insurance to the end of the endowment
term, the excess shall be used as a single premium
to purchase a pure endowment, payable at the end
of the term, thus guaranteeing to the policy-holder
in every event the full value of his Reserve.
NO SURRENDER of the Policy is required; only
a notice from the
policy-holder, on blanks fur¬
nished by the Company.
AFTER THREE YEARS, ALL RESTRICTIONS
and CONDITIONS in regard to travel, residence,
occupation and cause of death are removed, thus
making the Policies, after three years, INCON¬
ANY
FOR
CAUSE, EXCEPTING
TESTABLE
FRAUD.
The Company will, upon application, send Circu¬
lars giving full particulars.
Office of Middle Department, Boreel Building
No. 117 Broadway, N. Y., Henry W. Baldwin, Sup’t.
marine and fire insurance.
COMMERCIAL
Mutual Insurance Co.,
Nos. 57 and 59
William Street*
INSURES AGAINST
MARINE, FIRE AND INLAND
NAVIGATION
ASSETS Jan.
1, 1880
$810,804 75
RANKERS
AND
miller
0
-
RISKS.
BONDS
So. 7 PINE STREET, NEW YOKE.
ROND
Assets,
Surplus,
No. 52 EXCHANGE PLACE, NEW YORK.
ON
WEDNESDAYS
STOCKS.
B. Hinckley,
Wm. M. Lent,
L. M. Jones,
San Francisco.
Member N. Y. Stock Exchange.
(Special.)
Member N. Y. Mining Stock Exchange.
Pomeroy, Cox & Smith,
BANKERS
Banking Business, buy
and sell Government Bonds and Investment Securi¬
BANKERS,
21
STREET.
CEDAR
The United States
Life Insurance Comp’y,
j
COMMISSION MERCHANTS,
34
STREET,
kNew York*
PINE
All Risks Written at
W. IRVING
Reasonable rates.
COMES, President.
HARDIE, Vice-Pres’t
WAIN WRIGHT
HENRY d. KING, Treasurer
@FedFRASER