The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
!
inanciaf
rnnntcrtw
HUNT’S
MERCHANTS’
%
REPRESENTING THE
^^Mnsjrajrer,
INDUSTRIAL
VOL. 20.
AND COMMERCIAL INTEREST*
THE CHRONICLE.
Public
Credit
Supplement
the
323
Supply
323
and
Cotton
The Debt Statement for April..
Latest Monetary and Commercial
Debt
Statement
Speculative Activity and Legiti¬
mate Business
The Pennsylvania Railroad De¬
fault on its Guaranties
321
Consumption
of
English News
325
Money Market, U. J3. Securities,
lih
Railway Stocks, Gold Market,
Foreign Exchange, New York
City Banks, Boston Banks,
Philadelphia Banks, National
325
Miscellaneous
329
Banks, etc.
Quotations of Stocks and Bonds
Investment and State, City and
Corporation Finances
I
331
334
335
TIMES.
337 j Breaostufls
337
327
327
GAZETTE.
THE COMMERCIAL
Epitome
and
Commercial Lnd
News
THE BANKERS’
Commercial
Cotton
340
Dry Goods
341
and
Financial Chronicle is issued
day morning, with the latest
news up
on
Satur¬
to midnight of Friday.
TERMS OF SUBSCRIPTION—PAYABLE IH ADVANCE.
The Commercial
and Financial Chronicle, delivered by carrier to city
subscribers, and mailed to all others:
For One Year (including postage)
$10 2)
For Six Months
6 l1)
Subscriptions will be continued until ordered stopped by a written order
or at the publication, office.
The Publishers cannot be responsible for Remit¬
tances unless made by Drafts or Post-Office Money Orders.
Advertisements*
Transient advertisements
published at 25 cents per line for each
are given for five, or more, insertions, a
No promise of continuous publication in the best
are
insertion, but when definite orders
liberal discount is made.
place can be given, as all advertisers must have equal opportunities. Special
Notices in
Banking and Financial column 00 cents
per
line, each insertion.
London Office.
The London office of the Chronicle is at No. 5 Austin Friars,
street, where subscriptions are taken at the following rates;
Annual Subscription to the Chronicle (including postage)!
Six months’subscription.
William b. dana,
JOHN a. FLOYD, JR.
(
NO. 510-
large, new, clear type, so that the eye can readily follow
the line of each bond or stock from side to side.
In the
second place, we have the remarks, occupying one-third
of each page.
These
changed from month to month
the lead¬
ing or more prominent features affecting the standing
of each security.
Finally, in the Chronicle of every
week increased space is to be given for the annual
reports
and all other information affecting the finances,
progress
and standing of Railroads, States and Cities, and in the
remarks in the Supplement, connected with each
security,,
as new
are
information is obtainable, and present
will be noted
a
reference
or
index to the page or pages
where such
®l)e CljrontcU.
The Commercial
JF THE UNITED STATES.
SATURDAY. APRIL 3, 1875.
CONTENTS.
Our Investors’
MAGAZINE,
Old Broad
£2 2s.
1 3s.
WILLIAM B. DANA & CO., Publisher*.
79 and 81 William Street, NEW YORK.
reports and information can be found*
Thus, in this Supplement one always has before him,
ready for constant reference and use, as complete a record
of the standing of each stock and bond as it is possible
to give.
We do not claim that these tables and accom¬
panying facts are complete and perfect; nor will they ever
be so in the fullest sense; hut we expect to make them
as
nearly faultless as human agents can.
It will be
by reference to our announcement
above, that although the expense of this addition is of
course very large, no additional charge is to be made for
seen
it to subscribers of The Chronicle.
The very
favor¬
flattering reception this journal has constantly
received enables us to furnish this new matter gratis.
able and
THE PUBLIC CREDIT AND THE DEBT STATEMENT.
Several
important questions which have attracted
light from the debt statement which we
A neat file-cover is furnished at 50 cents; postage on the same is 20
cents.
Volumes bound for subscribers at $1 50.
publish elsewhere. Some of these questions concern the
Of A complete set of the Commercial and Financial Chronicle—July,
1665, to date—is for sale at the office. Also one set of Hunt’s Merchants’ funding of the debt.
It has been affirmed that the
Magazine, 1839 to 1871, sixty-three volumes.
aggregate of annual interest and other charges of the
Of The Business Department of the Chronicle is represented among debt have not been much decreased under the
funding
Financial Interests in New York City by Mr. Fred. W. Jones.
law of 1870, and the effect of that statute has conse¬
OUR INVESTORS’ SUPPLEMENT.
quently been undervalued. But the reduction in the
We issue in connection with the Chronicle this week interest of the debt since 1867 is nearly 46 millions of
a
Supplement of thirty-two pages, and shall hereafter dollars. As is shown by the subjoined table, more than
27 millions of thep-eduction have been effected since 1870,
issue a similar Supplement every month.
The design of this addition to our paper is sufficiently and are consequently due to the operation of the law
evident. We seek, by bringing together every fact referred to :
REDUCTION IN UNITED STATES DEBT, 1867-1875.
affecting the standing of any security, to render all the
Interest.
Principal.
assistance possible to the investor. It is hardly neces¬
$2,678,126,603
$143,781,592
1867, June 30
“
2,611,687,851
140,404,045
sary for us to remark how unsatisfying is the ordinary 1868
Post Office Box 4 592.
notice receive
.
2,583,452,213
“
130,694,242
publication from week to week of detached information. 1870 “
2,481,672,427
129,235,493
At the moment when needed, the more important, very 1871
“
2,353,411,032
125,576,565
1872
“
2,253,251,328
117,357,839
likely, cannot he found. The system we adopt in this 1873 <k
2,234,482,993
104,750,628
Supplement meets and supplies this very defect. First, 1874, May 31
2,145,268,438
98,799,144
2,133,634,778
98,002,161
we have the tables in which we
1875, April 1
expect finally to include
It is true that this process of lightening the burden of
every security of any general interest with the main
descriptive facts tabulated. We have set these tables in the debt has been much more slow than was anticipated
1869
.
[April 3,1875.
THE CHRONICLE
324
discussion. Still that
process has been and still is making some advance. The
presen tposition of our credit in Europe is due no doubt
when the
funding bill was under
greenbacks, they have been reduced $2,773,'during the month, and the fractional currency is
$560,000 lower. The greenback reduction results from
As to the
100
the 80 per cent provision of the law of 14 Jan., which
official aggregates
follows with the provides that for every five millions of national bank
currency issued under its provisions, four millions shall be
year ago:
' .
reduced from the greenback issues. We have thus begun
UNFUNDED DEBT, MAY, 1874, TO MARCH, 1875.
May 31, ’74. June 30, ’74. July 31, ’74. Mar. 31, ’75. a new contraction movement in the history of our green¬
$382,076,777 $382,076,732 $382,076,707 $379,298,882
46,538,620
45,719,792
44,343,209 back issues, and it may be interesting to compare it with
45,881,295
678,030
678,000
678,000
07S,000 those which have gone before it. The progress of our
4.321,200
3,216,590
2,740,830
29,048,419 greenback issues since 1800 may be seen in the subjoined
33,364,093
38,939,087
26,894,238
much as to other causes. The
of the debt for April 1 compare as
to
this
as
reports issued a
FUNDED AND
Unfunded Debt.
Greenbacks
Fractional currency..
Four per
cents
Past due debt
Accrued interest
_
14,000,030
14,000,000
Gold notes
33,179,503
22,825,100
314,158,187
Total
Less
506,940,072
33,469,000
505,578,569
71,113,210
432,734,768
4:34,465,359
415,428,540
11,177,703
14,576,010
16,913,232
5,182,412
balances.
417.552,129
410,246,128
Total
1 724,253,250 1,723,388,650
$2,145,268,438 $2,144,098,211 $2,141,805,379 $2,133,634,778
From these figures it appears that the total annual
419,835,491
1,721.262,750
421,021,504
funded debt.. 1,724,246,900
Net unfunded debt.
diminishing, though more slowly
Gold notes
September... 390,603,592
365,164,84 4
356,021,073
399,165/292
November.... 390,195,785
Dece nber..... 385,441,849
361,164,844
357,164,844
356,212,473
356,021,073
March
April
May
June
August
Total owned by Treasury..
Accrued interest
$4S,779.480
51,380,201
33,364,093
38,939.087
It thus appears that
lions of gold.
To this
$81,105,520
24.191,900
37,614,210
59,913,620
26,894,238
29,04S,419
$71,113,210
33,469,000
the Treasury holds about GO mil¬
add the Treasury receipts from
for the remainder of the fiscal year, estimated
25 millions.
The total gold resources will thus he
millions. Out of these the Treasury will have to pay
millions for the March and May interest, and for the
customs
at
85
19
July interest 25 millions. The total interest will thus
be 44 millions, and the called bonds will require 30 mil¬
lions more. The Treasury will thus not only be able to
all demands out of its coin revenus, but it will also
a surplus of six millions of gold during the
next three months.
The third point is as to the cur¬
rency issues and the currency balance of the Treasury,
which compare as follows :
pay
accumulate
CURRENCY
BALANCE AND ISSUES OF TIIE
1S75.
TREASURY—APRIL,
April 30,’74. May 31, ’71. June 30,
$
Fractional currency.... 47,436,621
Greenbacks
382,076,777
...
-
"74. July 31,’74 J/Wi 31,7".
$
427,796,499 423,642,091
11,177,703 14,576,010 16,913 232 5,182,412
429,513,398 428,615,397 427,958,027
Total
Less currency
1874, TO MARCH,
$
$
46,538,620.45.881,295 45,719,792 44,343 209
382,076,777 3S2,076,732 382,076,707 379,298,882
$
balance.
5,258,074
currency....424,255,324 417,437,694 413,382,017 410,883,267 418,459,679
The currency balance stands now at 85,1 $2,412.
Active
month ago
was
it
was
810,343,050,
A
810,319,097. On the 1st February it
and on the 1st January, $13,952,931.
On the 1st November it
August. From the whole state¬
ment it appears that the currency balance of the Treasury rose during the year from 5 millions in the spring of
1874 to 10 millions in the autumn, and that it fell again
in the spring of the present year to the level of 5 millions
balance is
It has been doubted whether
sufficiently heavy.
this
currency
356,021,073
356,021,073
356,079,937
356,079,742
361,031,948
367,001,685
3 82,075,697
382.075,407
382,075,267
382,075,267
greenback aggregate has
been kept at about the same level.
Thus we see that
the history of our paper currency since the war divides
itself into three periods.
First, the period of gradual
contraction, which, at the beginning of the fiscal year,
1S65-6, in July, 1805, the greenbacks were at their
highest point, $433,160,560. Six months later the above
table begins, and the aggregate was then $426,231^390,
At the beginning of 180S the contraction was stopped
by the law of February 4, which declared that “the
authority of the Secretary of the Treasury to make any
reduction of the currency, by retiring or cancelling
United States notes, shall be, and is hereby, suspended;
but nothing herein contained shall prevent the cancella¬
tion and destruction of mutilated United States notes,
and the replacing the same with notes of the same char¬
From the passage of this act the
acter and amount.”
fuither cancellation of notes was stopped, and tlie first
era of greenback contraction closed.
Next followed Mr. Richardson’s greenback expansion,
Since the close of 1874
the
which 26 millions of notes
in
were
gradually issued
Jay Cooke panic.
prevent future issues, on like pretexts, the law of
June 1874 was passed, which fixed the superior limit of
the greenback issues at 382 millions, beyond which it can
never be legally augmented, except in time of war, and
under the pressure
consequent on the
To
in the exercise of one
At
of the war powers of
Congress.
present, as lias been said, we are just entering upon
of contraction, by virtue of the recent legisla¬
a new era
need do
diminish
greenback circulation. The actual ,
tion, which we have so
no more
than say
the aggregate
often examined, that we
that it has again begun to
of the
cent of the bank notes
issued under the law of Jan. 14.
Besides the 2f
diminution amounts to 80 per
thus withdrawn, the other pro¬
vision of the foregoing law has produced 3A millions of
contraction from voluntary withdrawal of the National
Banknotes by the banks.
Hence it appears that the
whole contraction of National Bank notes and green¬
backs due to the law of January 14, amounts at present
to more than six millions of dollars.
But the answer is that the
prospective receipts from internal revenue promise to be
large, and that this year as last they will not only be
ample for the currency disbursements of the Treasury,
but will also allow of a surplus to increase the eurrenev
balance as happened in the fiscal year 1S73-4.
.
stood at $10,390,770, and at millions of greenbacks
$10,019,232 on the 31st
once more.
'
October
than some
1874.
$
358,642,295 378,481,339
353,098,138 381,7^4,029
376,235,620
356,084,30 3 382,078,592
422,749,252 375,417,249 356,144,729 358 591,735 382,076,8.37
415,104,318 374,247.687 356.144,727 357,231,585 332,070,777
402,12S,318
373,209,737 356,144,212 356,082,622 382,076,777
400,361,7*8 369,184,844 . 356,021,073 356,079.967 382,076,707
356,159,127
356,159,127
356,157,747
February
1866 TO 1874.
1873.
$
380,497,842
331,427,090
1874, TO MARCH, 18(5.
July 31, '71. M'ch 31, ’75.
$74,205,304
22,825.100
1868.
426,231,393
423,902,223
423,435,373
January......
June 30, 74.
$81,938,980
33,179,503
Gold balances
.
$
lows:
May :3!, ’71.
AGGREGATES,
$
have contended. The next question is as to the
gold balance of the Treasury. The figures on this subject for the same months just cited compare as fol¬
THE TREASURY—MAY,
1867.
$
persons
GOLD OWNED BY
THE GREENBACK
1866.
declined £796,083. We do not here dis¬
cuss the
reasons of this slow process of liquidation.
What is needful is to note the fact that the burden of
1
.
CHANGES IN
interest has
the debt is
:
84,105,520
433,199,207
Total
Less currency
table
24,191,900
499,534,060
74,205,304
81,958,9S0
gold balances
14,000,000
14,000,000
Navy pension fund
SPECULATIVE ACTIVITY AND
LEGITIMATE BUSINESS.
week in Wall
street is the result of numerous causes, prominent among
which are the ease in money, and the dullness which has
The
speculative activity of the current
f*
April 3, 1875.]
THE CHRONICLE
paralyzed general business.
familiar
It is
one
of the most late
phenomena in the
condition of
ease
money market, that a settled
seldom fails to generate an extraor¬
the
325
in Wall street,
it will
soon
reach the extremities of
system.”
In the next
place, we meet another
fact that confidence is
encouraging
symp¬
dinary temptation to speculate, and that when business
improving in the
men find themselves unable, by their legitimate trade, to
financial community. Many persons affirm that a larger
meet their expenses, this disposition to gamble in stocks volume of business is
being done. What is certain is,
tends to spread widely among various classes of our peo¬ that whatever business is done rests on a much better
ple. On the other hand there are always in the stock basis. There are shorter credits and more of wholesome
in the
tom
market
multitude of astute operators
ready to take
advantage of any speculative proclivities on the part of
the public, and able to command vast sums of capital for
the carrying out of such manipulations. This is, in brief,
the explanation which is often given of the movements
in stocks and gold during the past fortnight. Moreover,
there are many persons who regard them as a symptom
of revival of mercantile recuperation, and of a healthy
monetary condition, while others take a quite opposite
view, and regard these violent movements as an unmixed
evil.
Perhaps we may find that neither of these opinions
is very sound, and that the truth is, that we must
examine the causes of any particular speculative move
a
ment in Wall street before
we can
acter, and discern whether it is
chief
ora
estimate its real char¬
uncompensated mis¬
harbinger of improvement in the financial and
an
discrimination and caution.
fewer bad debts
Hence
we
may expect
that
being made, and thus the recupera¬
tion, though slow, is trustworthy and solid.
We must not omit to place side by side with these
encouraging indications, some additional evidence of
an
opposite character.
The circumstance lias often
been pointed out that the law of 14th
January has
already contracted the volume of the active currency,
are
several millions of dollars.
This contraction will
proba¬
bly be followed by further movement in the same direc¬
tion.
Moreover, the revival of general business is
checked by the uncertainty as to the price of gold. The
gold premium has not for many months shown so much
of perturbation as
during the month which has just
closed.
It must also be evident that
movements of Wall street which we are now dis¬
cussing. The masses of new capital which have been
flowing into government and other good, securities
during the last two months are very large. While
there has been this strong current of new capital
panic was too great a
disaster, and it has left injuries of too profound a nature
for us to be able to theorize
very positively as to how
swiftly the stimulus will operate and the financial organ¬
ism resume its tone.
As a patient lately disabled by a
raging fever, and not yet thoroughly restored and cured,
is less likely than one in health to be
responsive to the
usual forces which generate activity, so is it with our
commercial and monetary movements.
These move¬
ments would be more easily
predicted if the panic
had not left us a legacy of trouble, the effects of
from
which
mercantile situation.
It has often
the
the
been
shown
since the
last
panic that
growth and accumulation of capital throughout
country have been going forward at a rapid rate. If
confirmation of this view
were
needful
we
find it in the
very
savings banks and other sources, pouring itself
through the ordinary channels of solid, sound invest¬
ment, another large stream has pursued more devious
courses, and settling among the speculative securities, has
started the cliques of operators on a career of violent
manipulation^vliich is destined to have before long its
usual fruit of monetary spasms and erratic fluctuations
at the Stock Exchange.
Another fact, which is important in the same connec¬
are
all the
more
our
formidable because their nature
eludes
investigation and their force cannot be measured.
suggested almost all that is useful or certain on
subjects here discussed when we say that the recent
We have
the
excitement at the Stock
Exchange has tended, with
circumstances, to bring into a clear light the fact
a
large and growing stream of new capital is pour¬
other
that
ing itself into the channels of investment in Wall street
elsewhere; that this capital must soon reach and stir
tion, is that the April drain has this year been unusually the furthest extremities of the business organism of the
small.
In Ohio, New Jersey, Pennsylvania and New
country, and that the work of recuperation is more
York, the well-known custom of making payments at the slow and uncertain than it would otherwise be from
beginning of April has long been recognized as one of various interruptions arising out of the Jay Cooke panic
the causes of the monetary stringency which has often and the recent
legislation of Congress. The practical
developed itself at thatjperiod of the year. This year the conclusion from the whole is, of course, that while there
banks of this city and of the other financial centres made is in these facts abundant
encouragement for legitimate
the usual preparation, but the drain has been so small
enterprise, there is also a stern warning to every honest
that these large accumulations of idle capital have aided tradesman
against rash enterprises and inordinate ven¬
the other forces which tended to stimulate the specula¬ tures
beyond the solid ground of his assured means.
tive fever when
We have
no
once
space
it
was
started.
and
.
for the further investigation of the
lively an activity in Wall THE PENNSYLVANIA RAILROAD DEFAULT ON ITS GUARANTIES.
street.
The past week is memorable for another railroad de¬
They are of little importance to us except as
they serve to show what will be the probable course of fault of considerable magnitude. The circumstances are
our
agricultural, mercantile and manufacturing industry peculiar, and deserve more than a passing notice; in fact,
in the immediate future. And there are two circum¬ this default so
compromises the position of one of our
forces which have caused
stances which
so
favorable.
First, if as is affirmed by
bankers of the best information, the influx of new capital
into Wall street is one of the chief facts indicated by the
recent activity at the Stock Exchan ge, then it is
positively
certain that this new capital must before long
give a
general impulse to the movements of production in all
departments of industry. Wall street, as has been said,
“is the heart of the financial organism, and
capital is its
life blood ; when capital—real capital—begins to circu¬
seem
largest railroad corporations, that it would be well for it
quickly state whatever extenuating circumstances the
management may have to present.
to
It
that in 18G9 the
Pennsylvania Railroad Com¬
desired to have under its control a through route
to Chicago.
To secure this, on the 22d of January,
18G9, it entered into a contract with the Pittsburg Cin¬
cinnati & St. Louis Railway Company, and with the
Columbus Chicago & Indiana Central, by which the
pany
seems
[April 3, 1876.
rm CfiRONICLE.
326
latter road
was
leased to the Pittsburg
Cincinnati & St
mortgage bonds of the Columbus and Indianapolis Railway
Company, which bonds are secured by deeds of trust made respec¬
Louis, and the Pennsylvania road guaranteed the lease. tively
bound the lessees and
on the first mortgage
bonds of the C. C. & I. C., and provide a -sinking fund
for their final liquidation.
We make no reference to
the second mortgage bonds, as they have been in default
for some months and the questions at issue are somewhat
different. The guaranty or agreement as to payment by
the Pennsylvania Railroad was as follows:
This contract, among other things,
the guarantor to pay the interest
Article XVI.—And the
sideration of the sum of
one
party of the third part, for and in con¬
dollar to it in hand paid by the parties
parts, the receipt whereof is hereby ac¬
knowledged, and of the benefits and advantages accruing and to
accrue to it by reason of the covenants and agreements herein¬
before recited, by the said parties of the first and second parts, to
be done and performed in the forming, maintaining, and operating
of a continuous line of railway iu connection with the road or
roads of the party of the third part, does hereby guarantee to the
party of the first pirt that the party of the second part will, in
good faith, do keep and perform, all and singular, the matters and
things which the said party of the second part have hereinbefore
covenanted and agreed to do ; and upon any failure or default of
the said party of the second part to keep and perform any and all of
its said covenants and agreements, that then the said party of the
third part will, upon notice to them in writing of the kind and
nature of such failure or default,do, keep, and perform the same,
for and on behalf of the said party of the second part.
Iu which
event the parties of the first and second parts agree that the party
of the third part shall, at its option, be entitled to all the profits
and advantages which might or could accrue therefrom to the
party of the second part.
of the first and second
to you.
You are, therefore,
authorized to inform the holders of said
bonds, and to give such further public notice as you may think
proper, that the interest on the said $15,821,000 of bonds will be
regularly paid by the Pittsburgh, Cincinnati and St. Louis Rail,
way Company, according to the tenor of said amended contract
and lease. Yours very respectfully,
J. Edgar Thompson, President.
Thomas L. Jewett, President.
Philadelphia, Pa., December 1,1870.
Acting under the assurance and guarantees of the
lease, and upon the foregoing letter of the Presi¬
dents of the two roads, the managers of the C. C.
& I. C. directed an endorsement to be placed on
the first mortgage bonds, to the effect that the interest
would be regularly paid by those companies ; and con¬
sequently the bonds have an endorsement printed in red
ink, that the Pennsylvania Railroad has guaranteed
them.
And in this shape they were sold, at prices which
they would never have commanded except for that guar¬
antee, and they have continued to circulate from hand
to hand with that endorsement upon them up to the
present time.
None of these.facts can be disputed.
Furthermore*
it appears by reports issued since the lease that the C. C.
So I. C. has once, if not more than once, netted almost
enough to pay the interest on these first mortgage bonds.
But this favorable balance has been steadily decreasing,
and yet very strangely not by a decrease in the earnings,
but by an increase in the expenses. We have not been
able to obtain the figures for 1874, but the following
shows the earnings and expenses for the'three previous
July, 1SG9, the Pennsylvania road also
became the lessees of the Pittsburgh, Fort Wayne So
Chicago, making the arrangement with the C C. tfc I. C.
less desirable.
Thereafter, and on the first of February-, years:
1871.
1870, an amended lease was entered into with the C. C.
Passenger
...,$1,145,831
& I. C., by which the same lessee again agreed, among
Freight
A.......' 2,852,014
other things, to pay the interest regularly on the first Mail, express, &c
120,925
Miscellaneous
45,566
mortgage bonds ($15,821,000), and the Pennsylvania
Railroad continued the guarantee of payment.
The
Total gross
$4,170,337
portion of the amended lease, as to the interest to be
Exp’ses, repairs, txs.,&c. 3,130,106
paid, was in the following words:
On the first of
Article Second.—That hereafter the party of the second part
to pay and apply the thirty per cent, being
the balance of the gross earnings of the railroad of the party of
Net
earnings
$1,040,231
-
1872.
.
187?.
$1,051,7.75
3,201,585
135,373
$995,793
3,298,011
183,998
19,362
$4,411,095
3,628,214
$4,477,807
4,244,624
$782,881
$233,183
covenants and agrees
the first part, as follows :
First—For the payment
of the coupons as they shall from time
the said bonds representing, and amounting
to the aforesaid sum of fifteen millions eight hundred and twentyone thousand dollars (#15,821,000).
But if the same shall not be
adequate to such payment in full iu any one year, then the said
party of the second part will pay any such defiiciency out of its
to time mature upon
these returns for the purpose of in¬
terpreting them, but only as a part of the history; and
We do not present
when read in connection with this final default on
the
they will certainly elicit criticism. Taken as
they stand, however, they probably give us the excuse
for the course adopted.
When the lease was first made
it was thought to be worth a sacrifice.
After the
own proper moneys, without charge, reclamation or subrogation
arrangement with the Pittsburg Fort Wayne So Chicago
therefor.
it was known to be very much less desirable and conse¬
It would seem, from the foregoing, very clear that for
quently worth less of a sacrifice. The passenger busi¬
a valuable consideration the Pennsylvania road agreed to
ness gradually fell off (whether from design or not it is
see that the interest on this fifteen millions of bonds was
not necessary to inquire) and the expense account largely
promptly paid. Rut to make this even more evident, increased. Then came in the panic, disturbing all calcu¬
and to induce capitalists to purchase their bonds, the
lations, and the subsequent lifeless condition of business,
following letter was written to the trustees by Mr. with finances arranged for a different condition of things.
Thompson, President of the Pennsylvania road, and Mr. The inducement to seek relief through the casting off of
Jewett, President of the Pittsburgh, Cincinnati So St. unprofitable contracts was probably too great to be re¬
interest
.
Louis
:
sisted.
To Messrs. W. R. Fosdick and James A. Roosevelt, Trustees;
and A.
PARKHURST, Esq., Trustee:
Gentlemen—Under the contract and lease of the Columbus,
Chicago and Indiana Central Railway, dated January 22, 1869, as
amended by the contract of Feb. 1, 1870, the Pittsburgh, Cincin
nati and St. Louis Railway Company, as lessee, which lease the
Pennsylvania Railroad Compauy has guaranteed, will, by the
terms of said lease, pay the interest as it matures on the $15,000,000 of the first mortgage consolidated bonds of the Colum¬
bus, Chicago and Indiana Central Railway Company, or on the
bonds which they represent; and on $821,000 of the second
So, under this
pressure,
they have sought and
probably found some excuse (we can always justify what
we desire to do) for the act, which in due time we shall
hear.
Honesty where there is no temptation to dishonesty is
commodity, but, when it costs something to
be honest, we have a test of character; and, what is
more, the world accepts that test as a gauge of credit.
Take, for instance, the Commonwealth of Massachu¬
setts.
The average integrity of that people was
a common
THE CHRONICLE.
Ap.il 3, 1875 ]
683.5-20s,ot
327
gold premium less than last year’s deliveries. If allowance be made
rose to
one, two, and finally nearly three hundred, for surplus stocks in the hands of spinners on one side,
they as promptly and unhesitatingly met and re¬ and for increase of spindles on the other, 2,300,000 bales
deemed their obligations, as they had done before, would seem to be about the correct figure.
Conclusions must be left to your readers, but I may
when gold cost them nothing. Some other States bent
under the same strain; some broke. But Massachusetts be permitted to suggest how desirable it is that the next
stood the test, showing the standard of the people to crop in this country should exceed 4,000,000 bales.
w. r.
he such, that a Massachusetts bond has a definite,
positive meaning the world over, well indicated in the
THE DEBT STATEMENT FOR APRIL, 1S75.
market price. No great railroad corporation can afford
The following is the official statement of the public
to take a lower position.
Even granting there is some
crack through which legally the Pennsylvania road can debt, as appears from the books and Treasurer’s returns
at the close of business on the last day of April, 1875:
creep out of this contract (which we do not by any
Debt bearing: Interest in Coin.
Interest Accru’d
When
means admit) the attempt would be no more honorable
Character of Issue,
in*? Acr.
Pay’ble Registered Coupon. Overdue. Interest.
.June 14.’58.
.1871
*
(O)$3,250
of
than pleading the baby act. That road has guaranteed 5s of 1858
Feb. 8, ’61... 1880 (frX 786,000
lSSt
Is
23,224 (</)276,225
4,629,000
7,106
(«) 14,175
9, ’61... .1S81
((7)945,000
6s, Oregon War
this debt and induced capitalists to take these bonds on
.1881
125.S5 7,300
251,010 (27)2,839,820
of 1881, July 17 ant i Aug. 5. ’61
f)3.464,‘,5)
.Feb. 25, ’62... .1882
38,638 (ft)2,579,188
7,H).1,606
95,361,9.10
6s, 5-20's, of 1802
.1881
the strength of its endorsement.
3, ’63
53,679,301
21,3 JD,700
«4,073;(«)l 125,000
Will it now, under 6s of 1881
.Mar. 3, 64... 1904
660,253
(c) 810.692
53,114,750
141,421,510
5s, 10-10s
..Mar 3. ’64... .1884
2,173
(ft) 23,6'5
946,600
1861
such circumstances, repudiate them, thereby admitting
.June 30, ’64... 1884 ft
10,193 (ft) 1,451,155
25,333,500 32.712.700
of 1864
’65... .1885
3.
268,827 (ft>3,813,358
33,785,600 118,748,750
that the present strain is too severe a test of its honesty? 6s, 5-20s, 1865
823,730 (77)3,039.946
57.991,200 114,671,900
6s,5-20s, 1865, new... .Mar. 3. ’65... .1885
such that
when during the war the
.
...
6s
..
..
3, ’61... .1837
.Mar. 3, ’65... .1888
.July 14, ’70... .1881
6s,5-20s, 1867
6s, 5-20s. 1868
SUPPLY AND CONSUMPTION
OF
COTTON.
[Communicated.]
Last year you
allowed me some space in your valuable
paper to give me the opportunity of publishing a few
remarks relative to the position of cotton. The prospect
I then held out for a supply exceeding the yearly con¬
sumption by about 300,000 bales lias been verified since
by the result, as given by the various leading authorities.
The present position of the article appears to me of
special interest. I would therefore ask permission again
to insert a few particulars respecting the probable supply
and consumption.
Last year it was evident that the production of cotton
exceeded the consumption; now the reverse is apparent,
and as explained below, Europe is likely to receive about
300,000 bales less than her requirements:
EUROPE.
1875.
Bales.
January
Impart—
Bales.
1,085,000
-
Stocks 1st
1874.
.
1,052,000
,
-
From the United States
From the East Indies, .about 1,350,000 to
From the Brazils
about
500,000 to
From Egypt
about
310,000 to
580,000
1)38,000
330,000
389,000
192,000
6,290,000
Supply
Consumption—
2,895,000
1,437,000
100,000
105,000
From the Mediterranean
From the West ladies
2,000,000
1,400,000
.
{1,000*
Debt Bearing: Interest in
Principal.
3’s, Navy pension.. A.ct Tuly23, ’G8..Int. only appl'd to pens’ns. $14,000,000
4s, Certifs of indebtedness..Act July 8,’70..Due iu 1875
678,000
5,525,000
5,612,000
765,000
1,085,000
Av. price of
Stocks 31st December, 1870....
Mid'ng Upland Amcncan
in Liverpool.
Cron.
8d. pr. lb.
4.170,000
1,085,000
9d.
3,930,000
1,051,000
2,974,000
1,090,000 10%d.
G* cs o O 00 6s T—4 O
4,350,000
lOd.
3,115,000
580,000
The import from the United States is based upon a
Deduct for deliveries to American spinners
probable crop of. 3,850,000
1.200,000
Remain
2,650,000
Arrivod in Europe in 1871 tlie exceptional large quantity of
Remains for 1875
To arrive of netv crop in October, November and
about....
450,000
2,200,000
December.
.
Makes
6s,
400,000
2,600,000
quite possible that the East Indies, the Brazils
Egypt together will supply 50,000 bales to 100,000
hales less than assumed above.
Consumption of Great Britain is estimated the same
as last
year, but as the average weight will probably
he less than the average of 1S7I, the number of bales
will rather
exceed than fall short of 3,225,000
The Continent is put down for
2,260
Interest.
$64,174
85
22
223
3,100
172,000
19,(00
10,000
6,877,1 '50
82,575
6,(KM)
9,500
'
625
55,021
2,670
206
57
105
378
950
Matured at various dates in ’48 and '49...
Tr’y notes
1,900
3,150
17,UK)
68,155
5.1,050
878,810
3,192
76,'96
July 15, 1868
6’s, Certif. of ind....Matured at various dates in 1866
4,5 * 6’s, Tern. 1
Matured Oct. 15,1866
209,400
15.989
Agg. oi debt on which int. has ceased since mat’y
3@6’s,Tr’y n’s
6’s, Tr’y notes
7 3-10’s, 3 years
58, one year
5’s, 2 years
6’s, Com. int. n’s
7 3-10’s, 3 years
3s, Certifs.
Matured at various dates in ’58 and ’59...
Matured Marcli 1, 1863
Matured Aug. 19 and Oct. 1, 1864
Matured at various dates in 1865
Matured at various dates in 1866
Matured June 10, ’67, and May 15, ’68
Matured Aug. 15, 1867, and June 15 and
1,201
3.419
5.IKK)
313
3,000
5,000
256
S91
$7,973,650
(called).Matured monthly since Dec. 31,1870
$233,834
Debt Bearing no Interest.
Authorizing acts.
Character of issue.
Amt.
Demand notes
July 17,1861, and Feb. 12, 1862
Feb. 25 and July 11. ’62. and March 3. ’63..IT. S. legal-tender notes
JuneS. 1872
Certificates of deposit
July 17,186*
Fractional Currency
*
March 3, 1863, and June 30,1864
Fractional currency
March 3, 1863(iu $20,50,100,500,1,0005,000).Certifs. for gold deposited..
j
Recapitulation.
bales.
about 90,000 bales
Amount
Outstanding.
Coin—Bonds at 6
$71,982
370.226,900
43,015,100
41,313,279
21,191,900
Interest
$i,119,135 uoO
574,252,750
p. cent
Bonds at 5 p. cent
$1,723',338,650 $23,688,160
Total debt bearing Interest in coin
Debt bearing Interest in Lawful Money—
Certificates at 4 per cent
$673,000
14,000,000
Navy pension fund, at 3 per cent
$14,678,000
Total debt bearing interest In lawful money—
Debt on which Int. has ceased since Maturity
Debt bearing no Interest—
Demand and legal tender notes
Certificates of deposit
Fractional currency
Certificates of gold deposited
107,18!)
263,834
7,973,650
$379,299,882
43,045,000
44,341,209
21,191,900
$190,878,991
Total debt bearing no interest
Unclaimed Interest......:.....
Total
Total debt, principal and interest, to
outstand.
$ 190,378.991
Aggregate ot debt bearing no interest
18,914
$2,236,919,292 $29,043,419
date, including interest due not
$2,265,967,711
presented for payment
Amount in the Treasury—
$34,105,520
Coin
5,182,412
currency
Special deposit held for redemption of certificates of deposit as
provided
43,015,000
by law
$132,332,933
Total
Debt, less amount in the Treasury, April 1, 1875
Debt, less amount in the Treasury, A:arch l, 1875
2,133,634,718
2,137.375,989
$3,681,210
Decrease of debt during the past month
Decrease of debt since June 30. 1874............
$9,458,462
Bonds Issued to the Pacific Railroad
Companies, Interest
Payable in Lawful Money.
It is
and
$i0.1.iK>0
Principal
$57,665
1,104
1,250
Matur’d at vari’s dates prior to Jan. 1, ’37.
Matured at various dates iu ’51 and ’52...
6 s, Bonds
Matured Dec.31, 1867
6s, Bounty L.scp....Matured July 1,1849
5’s, Texas iudem....Matured Dee.31, 1864
5s of 1858
Matured after Jan. 1, 1874...........
5s, Bonds
Matured .Ian. 1,1871
6s. 5-20s, (called)....Matured Dec. 1.’71. and Moll. 7 & 20, 72..
I-10@6sTr. notes....Matured at various dates from ’38-’ll....
l-10®6s Tr. notes... .Matured at various dates in ’47 and ’48...
6s, Bonds
5s, Mex. indem
4 to
3,225,000
2.3S7.000
Stocks 31st December, 1872....
Stocks 31st, December, 1871....
Interest.
$14,678,000
Aggregate of debt bearing interest In lawful money
$107,260
Debt on Wlilcli. Interest Has Ceased Since Maturity.
6,697,000
3,225,000
Stocks 31st December, 1874 ...
Stocks 31st December, 1873....
Lawful money.
91.000
Continent
Stocks 31st December, 1875
1,198,480 ((7) 4,659,341
147.-29 (<7)562,110
802,17S (d; 3,161,887
Aggregate ofdebtbearinginter’t in coin. 7G5,233,850 958.104,800 4.328,34 1 21,359,815
((7) Interest payable Jan.& July, (ft) May & Nov. (c) March & Sept., except
coupons $50 & $100 paid annually iu March, (d) Feb., May, Aug. & Nov. (e) Keg.
*5,000; coupon 111,000. ( f ) Keg. 1,000, $5,000, $10,000; coupon $1,000. (a) $50, $100
& $500.
(ft) iieg. $50, $100, $500, $1,000, $3,000 & $10,000; coupous, $50, $100, $500 &
Debt bearing Interest in
Great Britain
eS,4'6,40d 2 22,136,350
1 1,142,500
25,331,500
[201,‘SS 300 177,638,150
Character of
Issue.
Amount
Interest
accrued
outstandiug. and not
yet paid.
Central Pacific
$25,885,120
$398,276
6,303,000
91,545
Kan. Pac., late U.P.E.D.
Union Pacific Co
27,236.512
403,517
24,000
1,600,000
Cen. Br’h Un. Pacific..
Western Pacific
1,970,560
29.558
1,623,320
'24,424
Sioux City and Pacific...
States.
$10,251,14 4
2.911,803
11,067 229
733,808
€63,263
633,854
Interest
Balance of
repaid by
Interest
int. paid
transp’tion by Unitea
of mails, &c.
$1,164,605
1.381,296
3,342,207
36,924
9,367
9,977
States.
$9,086,238
1.533,536
7,725.021
696,*83
653,896
624,777
Total Issued
$M.623.512
$959,352 $ 26,264,102
$5,943,718 $20,320,354
The Pacific Kailroad bonds are all issued under the acts of July 1,1862. and July
9,1864 ;they are registered bonds, in denominations of $1,000, $5,000 & $10,000 ;
b '.ar six per cent interest in currency, payable J anuary
SO years from their date.
1 and July 1, and mature
j't
dommtrcial (Englisl) Nnvo
Catest illanetart) anir
RATES OF EXCHANGE AT LONDON, AND
AT LATEST DATES.
EXCHANGE AT LONDON—
MARCH 19.
RATE.
TIMS.
-
ON LONDON
EXCHANGE ON LONDON.
LATE8T
ON
TIME.
44
....
...
•
....
Berlin
Frankfort
St. Petersburg
Cadiz
Milan
Genoa
90 days.
Lisbon.
3 months.
Naples
New York
Rio de Janeiro
Bahia
....
•
•
....
@20.84
@20.84
32%@32 9-16
48%@48%
27.70 @27.80
27.70 @27.80
52%@52%
27.70 @27.80
•
•
•
• •
•
•
11.68
25.24
20.40
25.25
...
.
111.35
20.60
4 4
Calcutta
•
....
....
.
•
Marcii
19. 60 days.
....
.
Hong Kong...
Shanghai
•
•
•
•
•
•
•
9%tf.
9%@9%d.
Is.
18.
4s.
0 %(/.
5s.
6%d.
•
•
•
$4 78%
....
•
....
....
.
.
.
March 18. 6
March 15.
March 11.
March 11.
....
Penang
....
....
Alexandria....
....
•
-
.
«...
mos.
....
....
•
•
•
•
....
Is. 10 7-16cL
Is. 10 5-16(1.
4s. 2%c/.
5s. 9
....
deposits
are as
by the joint stock banks and dis¬
follows :
Per
cent.
Jointstock banks
Discount houses at call
Discount houses with7 days’ notice
Discount houses with 14 days’notice...
„
2%®....
the present position of the Bank
England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40 Mule yarn fair second qualitj,
and the Bankers’ Clearing House return, compared with the
four previous years :
1875.
of
Circulation, including
....
2%@....
2%@....
Annexed is a statement showing
....
present week has
3%@...
The rates of interest allowed
March 20, 1875.
naturally been one of anxiety in com¬
£
1874.
£
1873.
£
1872.
£
1871.
0%cL
[From our own correspondent.]
London, Saturday,
The
....
....
is.
3%@...
30 and 60days’bills
3 months’bills
•
....
...
....
days.
4 months’bank bills
3%@33£
6 months’ bank bills...... 3%@4
4 and 0 months’ trade bills. 4 @4#
3%
Open-market rates:
count houses for
Sf • •
•
Percent.
....
....
...
60
Bombay
shows in fact a large falling
Bank rate
33 9-32
•%
-
.
....
Pernambuco..
Montevideo...
no
return
....
Buenos
Ayres..
Valparaiso
precautionary demand for accommodation. The Bank
off in this respect, for the
total of “ other securities ” has been diminished by nearly
£1,000,000. Gold continues to return from provincial circulation,
nearly £200,000 having been received during the week. The
circulation of notes, however, has been augmented by £149,277,
so that the increase in the total reserve has not exceeded £35,746The proportion of reserve to liabilities at the Bank amounts to
40£ per cent, against 39 per cent last week. The following are
the quotations :
Percent.
been
<<
....
....
•
44
20.78
20.73
•
•
RATE.
DATE.
short.
11.14%@11.15% March 19. short.
Amsterdam...
3 months. 25.50 £25.55 j
Antwerp
3 mos.
20.78 @20.84 j
Hamburg
»(
short.
short.
25.22% @25.32%:
Paris
3 months. 25.47% @25.52%
Paris
11.37 % @11.42% March 19. 3 mos.
Vienna
Singapore
[April 3, 1875
THE CHRONICLE.
328
bank post bills
23,459,889 24,648.060
Public deposits
10,757,237 13,629,847
Other deposits...'
19,881,030 18,362,220
Government securities. 12,235,298 13,963,444
Other securities
23,196,212 22,852,337
Reserve of notes and
coin
14,107,727 13,766,304
£
25,009,113 25,4S7,344 25,859,288
8,089,214
16,338,583 10,100,202
18,686,200 17,385,237 17,902,470
13,365,532 13,812,524 13,608,887
25,159,123 19,340,684 20,374,512
15,218,153 13,062,051 10.588,064
although hopes were entertained
Coin and bullion in
that no very serious results would be occasioned by the failure of
both departments.... 21,951,917 23,013,844 24,831.218 23,170,821 21,131,104
3% p. c.
3% p. c.
3 p. c.
3% p. c.
Bank-rate
3 p. c.
Messrs. J C. im Thurn & Co., yet it could scarcely be disputed Consols
93%d.
92%d.
92% d.
92% d.
92%d.
41s. 4d.
60s. 8d.
55s. 4d.
55s. 5d.
54s. 7d.
English wheat
that so serious a stoppage would be without an important effect
*7%d.
8%d.
9%d.
Mia. Uplandcotton
7%d. 10. 15-16d.
upon other commercial and financial houses, as well as upon the No.40rauleyarnfair 2d
♦Is.
la. 4d.
Is. 3d.
Is. 0%d.
quality
Is. 0%d.
trade of the country. Amongst bankers and the principal discount
135,335.000
Clearing House return. 76,760,000 126,453,000 134,166,000 128,894,000
houses, the suspension had been anticipated. Only a few months
♦Price March 11.
'
back, the acceptances of the firm reached the heavy total of £5,The following are the rates for money at the leading cities
000,000. The pressure put upon them necessitated a reduction of abroad:
Bank
Open
about £2,500,000, but the heavy losses the firm have sustained in
Bank Open
rate, market
rate, market,
their South American business compelled them eventually to
per cent, per cent,
per cent, per cent.
Turin, Florence and
4
3
suspend payment, their credit having been so greatly depreciated Paris
5
Rome
Amsterdam
3%, 8%
of late that they were unable to renew their bills or otherwise Hamburg
Antwerp
3
8%
Bremen
4
3
4
prop up their position.
With regard to the prospects of the liqui¬ Berlin
3%
Leipzig
Frankfort
3%
3
5
4%
Genoa
dation much uncertainty exists at present. That the winding up Viennaand Trieste.,...
4%
4%
3%
3%
Geneva
of the affairs will be tedious and prolonged is but too evident, for Madrid, Cadiz and Bar¬
Copenhagen
6
6@S
celona
5@6%
New York
3%
the business of the firm was of a wide-spread character, although Lisbon and Oporto....
4
Calcutta
St. Petersburg
5% 5%
the chief transactions were with South America and India. The Brussels
4
3%
matter, however, is very much simplified by the drawers taking
There has been very little demand for gold for export, and as
up their bills on im Thurn, about £1,000,000 having in that way money is rather cheaper in France and Germany than it is here,
been retired.
Business, however, appears to.be very bad in South the Continental exchanges are on the whole favorable to us. Some
America ; and, as numerous failures are likely to take place there, small
supplies of gold have been sent into the Bank, and it is con¬
a favorable liquidation of im Thurn’s affairs becomes less probable.
sidered probable that when the next Australian supply arrives
The above failure has been followed by that of Siordet & Co.,o:: some
important operations at the Bank will take place. The sil¬
59 Mark Lane, London. This is a house established in 1790, anc. ver market remains dull.
The steamer for the East takes out
was highly respected.
Latterly, its business relations with im this week only £40,000. The prices of bullion are as follows :
Thurn were largely extended, and it lias, in consequence, been
gold.
s. d.
s. d.
per oz. standard. 77 9 @ ...
nvolved in his fall.
The liabilities of the firm are estimated at BarQold
mercial and financial circles, and
.
,
90 9 m
...
Bar-Gold, fine
£250,000.
Bar Gold,
Thursday, the General South American Company (Limited)
suspended payment.
The undertaking, as its name applies,
traded with South America, and is, consequently, sharing the
troubles which have resulted from bad trading with South
American republics.
The liabilities are estimated at from £350,On
000 to £400,000.
naturally had a prejudicial effect, and as
that there will be numerous failures in
South America, the effect of which must be felt here, no disposition is shown to extend commercial operations.
An impression
These failures have
there is
reason
to believe
per oz
-
reflnable
per oz.
Spanish Doubloons
South American Doubloons
..
per oz..none
silver.
5 grs.
Spanish Dollars (Carolus)
Five Franc Pieces
peroz
....
@
....
73 8 &
here
8.
....
d.
s.
standard..last price. 4 9% @
Gold.per oz. do.
do.
4 9 9-16 @
.per oz..last price. 4 8%
@
per oz..none here
peroz.
....
@
peroz.
United States Gold
Bar Silver, Fine
Bar Silver, containing
Mexican Dollars
standard. 77 9 @
77 11 @
standard .
per oz.
....
d.
....
....
....
••••
periodical sale of bills on India was held at the Bank on
Wednesday. The amount allotted was £700,000, of which £198,000 was to Calcutta, £500,000 to Bombay, and £2,000 to Madras.
Tenders on Calcutta and Madras at Is. 9 15-16d. received about
The
prevailed in commercial circles that there would be some increase 20 per cent, and on Bombay at Is. lOd. about 94 per cent.
The mercantile failures alluded to above have caused a dull
in our trade this year.
Indications of revival presented them¬
tone to prevail in the Stock Exchange. Although distrust in comselves, though they were certainly not very distinct; but with a
lavorable prospect for the coming harvest, it was hoped that a m ercial circles is calculated to cause more money to be invested
gradual improvement would take place. For a time, at least, in securities, nearly all home and foreign stocks have experi¬
business will now keep contracted,
llatlier than extend their enced a decline in price. This is no doubt caused by a fear that
operations, merchants will evince a desire to contract them, and other failures may take place which might lead to a realization of
American railroad first mortgage bonds have con¬
to trade on the safer side.
The difficulties which have arisen are securities.
tinued to rule firm, the principal movement being in Union
to be regretted; but as they exist, the only wise course is to trade
Pacific and Pennsylvania.
with the greatest care, so as not to incur too great risks.
Dry and cold easterly winds have prevailed during the week,
Jn the money market during the week there has been no im¬
and numerous over-due vessels are still delayed. The imports of
portant feature. There has been no increase of demand in con¬
nection with the failures which have been recorded, and as there grain, however, have somewhat increased.
The farmers’ deliv¬
is a disposition to take a hopeful view of the future, there has eries last week were GO,719 quarters in the 150 principal markets
THE
April 3, 1876.)
329
CHRONICLE
England, against 42,565 quarters last year, raising the total since brought to their notice, so that they might have their approval.
The
1,495,649 quarters in 1873-4. tled association also requested that all arbitrations might be set¬
on the old standard, and not on the new standard.
To this
The average price for last week was 41s. 4d. against 60s. 8d., and letter a
reply had been sent showing that the only standard
for the season 44s. 2d., anainst 62s. Id. in 1873-4. During the last which had been renewed was that of Upland cotton, and that no
few days the trade has assumed a somewhat firmer appearance, alteration in value had been made even in that.
An attempt is being made to wind up the Emma Mining Com¬
and an advance of Is. per quarter has taken place in prices. The
pany, limited.
weather having been dry of late, farm work, which was backward
English iVIarKet Reports—Per Cable.
has made considerable progress, but there is yet much to be done.
The daily closing quotations in the marketsof London and Liver¬
Winter wheat is reported to be looking promisingly, but the area
of land under wheat this year is believed to be much reduced, the pool for the past week have been reported by cable, as shown in
the following summarry heavy fall in prices and the remunerative value obtained for
London Money and /Stock Market.—Ten-forties are $ higher
barley and other feeding stuffs having induced the farmers to pay than a week ago. 67s lost £ on Tuesday, which was recovered
Thursday.
more attention to the cultivation of the latter.
The bullion in the Bank of England has increased £82,000
The following figures show the imports and exports of cereal
during the week.
Sat.
Fri.
Tues.
Wed.
Thur.
Mon.
produce into and from the United Kingdom since harvest, viz
Consols for money..
93%
92%
92%
92%
92%
from September 1 to the close of last week, compared with the
account..
93%
92%
92%
92%
92%
U. S.6s (5-203,)1865,old.. 107*
107%
107%
107%
107%
corresponding period in the three previous years :
of
harvest to 1,689,912 quarters, against
.
.
...
“
...
C3
“
IMPORTS.
1873-4.
1872-3.
1871-2.
24,755,547
5,276,925
5,406,725
27,272,529
8,714,130
24,357,948
7,190,014
5,160,181
541,549
2,725,438
8,462,209
3,716,829
756,642
1,502,306
12,077,324
4.029,824
464,079
2,036,741
10,871,577
Barley
Oats
Peas
Beans
4,679,654
Indian Corn...
7,586,756
4,008,183
986.390
Flour
5,299,367
1,857,041
EXTORTS.
Oats
201,710
63,438
Peas
8,769
122,223
7,868
9,708
5,074
2,225
88,716
932
U. S. 10-40S.
Tb3 quotations for
-
Indian Corn
Flour
..
1,138
33,227
'
90,640
-
12,537
Liverpool Breadstufts Market.—Breadstufifs close quiet, with
peas lower, and winter wheat and corn quoted
higher.
13,161
82.966
6,560
departments, and buyers have manifested much
operations. To a large extent this disposition
arises out of the recent large failure in London, of which the pos
;sible contingencies, as regards both their scope and extent, are so
uncertain that most business men are for the moment impelled to
This is almost invariably the immediate con¬
act with reserve.
sequence of every extensive suspension—although the impression
left by it is often very transient. Prices show little alteration as
compared with Friday last, although occasionally a little weak¬
ness is observable, and both in cloth and yarn the demand is for
the most part small, and at best only moderate.
Apart from the
special influence already mentioned, the tendency of the market
is, from other causes, in the direction of quiescence. During the
recent activity in cotton, buyers puchased with considerable free
dom, and are not under any pressing necessity to operate at all
largely, and, as they would now, in most instances, have to pay
some
advance on the rates current before the activity began,
they are disposed to await the turn of affairs. On the other
hand, spinners and manufacturers have,as a whole,a fair amount
of unexecuted contracts in hand, and having regard to the
insufficiency of the margin for production, they also prefer
to
wait
than
rather
accept such prices
as
would be
necessary to draw business of magnitude.
At Leeds, business
in woollen goods has been upon a very moderate scale.
The
cold weather has a depressing influence upon the trade in
summer fabrics, and as drapers have now had stocks of fancy
goods on their shelves for some time, they are indisposed to
make further purchases until these articles move off more rapidly.
A few wholesale clothiers are busy preparing for Whitsuntide,
but the majority of makers are only indifferently employed.
The
buyers in the town have been principally from Manchester and
Glasgow. At Huddersfield, the business doing has been very
limited, both for home use and for export. The lace trade of
Nottingham, however, has been fairly active.
With regard to the iron trade of Middlesborough, it is stated
that a dull tone has prevailed, and very little business was trans¬
acted.
Inquiries for small lots of pig iron are numerous, but
makers have very little iron on sale for immediate delivery, and
consumers are not ready to buy forward, so that between the two
nothing is done. Prices of all descriptions of iron, both pig and
finished, are easier, owing to the decreased demand and the
quieter state of the labor market. The shipments to foreign
ports are not equal to the average, but deliveries inland are
pretty extensive. The finished iron market is quieter, End some
of the establishments are in want of work, the orders which they
were able to secure during the spurt last month having been
vailed in all
caution in their
some
extent.
It is
estimated
that
....
club wheat and
Tues.
8.
d.
Mon.
Sat.
s.
d.
$ bbl 21
spr)..$ ctl 8
“
(Red Winter)
“
9
(Cal. White club) “
9
Corn (W. mixed) $ quarter 33
0
6
3
7
3
6
i
Flour (Wesiern)
Wheat (Red W’n.
“
Peas(Canadian).. 38 anarter 42
manufacturing districts has been quiet. A report
Manchester states that a quiet and subdued tone lias pre¬
cleared off to
United States
Liverpool Cotton Market.—See special report of cotton.
Trade in the
from
H
U. S. 6s(5-20s) 1862
19,343
41,910
Barley
107%
107%
107%
103
102%
102%
103%
103%
103%
6s (1862) at Frankfort were
99
99%
99%
107%
102%
103%
O
...102%
New 5s
4,119
16,704
Wheat
Beaus
1867......107%
2,008,516
1874-5.
Wheat
“
21
>>
8
9
9
75
H
33
42
21
8
9
9
33
42
0
6
5
5
6
6
Fri.
Thur.
d.
Wed.
8, d.
0
6
5
5
6
6
21
0
6
5
6
21
9
9
33
42
d.
8.
8.
6
0
6
5
5
0
0
3
9
9
34
6
8
42
Liverpool Provisions Market.—Prices generally rule higher.
Sat.
^bbl...
Bacon (long cl. mid.)$ cwt
Lard (American).... “
Cheese(Amer’n fine)
“
d.
72
75
48
63
70
Beef (mess) new $ tee
Pork (mess) new
Tues.
s.
d.
72 6
75 0
49 0
63 0
70 0
Mon.
s.
6
0
6
0
0
>,
C3
rH
o
K-<
Liverpool Produce Market.—Refined
diwiug the week.
about 8,000
s.
5
17
Rosin (common)... $ cwt.
b
fine
9
0
10%
Petroleum(reflned)...
“
d.
(spirits)....,
40
37
26
Cioverseed (Am. red)..
Spirits turpentine
3
9
0
0
6
rH
o
h-4
hH
•yr%
8.
76
0
6
0
0
49
64
71
Wed.
s. d.
5 9
17 0
10
40
37
26
9
0
0
6
Fri.
d.
5 9
17 0
10
9
Thur.
s. d.
5 9
17 0
10
s.
9
40
37
26
0
0
6
'
40
37
26
Wednesday.
Oil Markets.—Linseed advanced Is.
Whale oil gained £1 on Tuesday, while linseed
fell off 3d. the
day after.
London
Produce and
Mon.
Sat.
£
Lius’dc’ketoblbf tn 11
£
11
d.
s.
5
0
6
Linseed (Calcutta)....
58
Sugar(No.l2 D’ch std)
on spot, $ cwt
t-O
23 6
3
tun.ill
Snermoil
Whale oil
30
“
Linseed oil....$ cwt.
0
0
0
0
25
in
3
36
0
0
6
on
oil
Fri.
Thur.
TUC8.
Wed.
£ s. d.
8. d.
£ 8. d. £ s. d.
11 5 0
5 0
11 5 0 11 5 0
59 6
59 6
59 6
59 6
23
A
a
0
0
0
0
50
65
71
petroleum has lost 4d.
Tues.
s. d.
5
9
17 0
10
9
40 0
37 0
26 6
Mon.
Sat.
Fri.
d.
72 6
Thur.
8. d.
72 6
Wed.
8.
d.
72 6
75 0
49 0
63 9
70 0
0
0
25
23
6
0 111 0
0 36 0
25
3
23 6
6
0 0
0 111
0 0
0 36
O
25 0
u
23
111
36
6
0
0
0
0
0
25
^
Commercial aiti> IHisccUaneous Nemo.
Imports and Exports for teib Week.—The
week show a decrease both in dry goods and general
imports thin
merchandise.
$7,127,029 this week, against
$7,960,911 last week, and $7,223,855 the previous week. The
exports are $4,170,069 this week, against $4,104,679 last week, and
$5,127,006 the previous week. The exports of cotton the past
week were 2,916 bales, against 2,895 bales last week. The fol¬
lowing are the imports at New York for week ending (for
dry goods) March 25, and for the week ending (for general mer¬
The total
imports amount to
chandise) March 26 :
POR THE WEEK.
1874.
1873.
F0RE13N IMPORTS AT NEW YC11K
1872.
$1,958,049
99,447,912
$12,431,936
88,112,651
$7,127,029
82,004,671
$113,332,540
$100,544,587
$89,131,700
$4,238,558
Total for the week..
$8,213,542
$13,884,598
Previously reported....
89,347,573
$97,561,115
Since Jan. 1
3,974,981
1875.
$2,5S7.487
9,844,419
$3,531,657
Dry goods
General merchandise...
10,352,911
5,168,980
report of the dry goods trade will be found theimportsof
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
In
our
puddling furnaces out of the 2,000 erected are standing idle. Hail- from the port of New York to foreign ports, for the week ending
makers, however, have full employment, and it is in the other March 30:
EXPORTS PROM NEW YORK POR THE WEEK.
departments where business has fallen off most. At Wolver¬
1872.
1873.
1874.
1875.
hampton, rather more disposition to do business is manifested.
For the week
$4,078,234
$5,361,289
$6,047,968
$4,170,069
It may be mentioned that some of the firms which have lately Previously reported..
53,835,021
48,936,989
59,026,609
62,914,982
suspended, and especially J. C. im Thurn & Co. had interested
Jan. 1
$53,015,223
$64,387,898
$68,962,950
$58,005,090
Since
themselves in the Direct United States Cable, which has proved,
The following will show the exports of specie from the port of
so far a very unfortunate undertaking.
The Manchester Guardian of to-day says, that at the meeting New York for the week ending March 27, 1875, and since the
of the Liverpool Cotton Brokers’ Association yesterday a letter beginning of the year, with a comparison for the corresponding
-
-.
was
read which had been received from the United Cotton Asso¬
ciation, protesting against the renewal
revision of standards of
American cotton, remonstrating against any alteration being
made in the middle of the season, and requesting that, as they
(the writers) were the representatives of the whole cotton trade
any contemplated alterations in the standard should first be
or
date in previous years:
March 23—Str. Herder
March 23—Str. Ontario
March 24-Str. Abyssinia
March 24—Str. City of Montreal.
March 24—Bark Clcone
March 25—Str. Crescent City
Hamburg
Silver bars....... ..
gold com
Liverpool
Silver bars
.Liverpool
Silver bars.
Cienfuegos....American gold com
American gold coin
Havana
St. Thomas...American
Spanish gold
$17,780
12,000
18,559
3,900
10,000
25,000
411,572
61,887
March 20—Str. Ilolsatin
Hamburg
Silver bars
March 27—Str. Rhine.
Maich 27—Str. City of
Paris
Liverpool
Silver bars
Silver bars.........
Chester
20,805
Silver bars
Paris
35,000
19,080
$639,283
Total for the week
.Previously reported
Total since Jan. 1 1875
Same time iu—
$7,979,018
1874
1873
..
5.222,581
1872
1871
1870
14,131,817
6,582,314
The
been
■*
w
Same time In1809
1808
iso7
1800
imports of specie at this port
as
15,6-17,003
*.$16,230,346
14,724.399
0.513,041
during the past week have
follows:
.
101,120
204,900
....Gold
....Gold
Havre
Havre
...Havre
March 24—Str. Cimbria
March 21—Str. IIoLatia
March 24—Str. Anierique...
$2,473
....Gold
March 22—Str. Abyssinia...
March 22— Str. Rhein
214,322
10,015
210,044
Gold
250
March 20—Str. Acapulco
March 20—Str. 11- Chuuncey
Asp inwall...
31,735
Silver
Gold
Gold bullion..
1.072
1,042
Total for the week
Previously reported
Total since Jan. 1,
Same time iu—
1874
1873...,
1872
1871
..
3,149,818
..$3,905,857
1875.
.$1,002,838
.
.
600,909
501,214
2,777,007
Same time in—
1870
1809
1808...
1807....
.
.
[April 3,1875.
CHRONICLE.
THE
330
$5,818,954
4,372,055
1,790 015
477,340
—The iEtna Insurance Company of Hartford present
annual exhibit for the first of January, 1875, showing gross
their
assets
of $G,497,275 22, and net assets over and above all liabilities,
excepting capital, $4,341,788. This company may well be proud
of their past record, which furnishes an assurance to policy
holders that in case of loss they possess an indemnity which will
not fail them.
Since the incorporation of the company in 1819 it
has paid losses to the amount of $42,000,000, having, in addition
to the ordinary contingencies of the business, met promptly the
heavy call made upon their treasury by the several disastrous
conflagrations which have visited New York, Portland, Chicago,
and Boston.
The amounts paid in the latter two places, within
thirteen months of each other, having reached $5,250,000—neces¬
sitating calls upon the stockholders for $2,500,000, which was
promptly responded to. The company to-day seems to be in a
stronger position than ever before, both morally and financially.
They have had an agency in New York for forty years, and main¬
tained a high reputation for honorable dealing.
Their branch
office here is at No. 173 Broadway, corner of Cortlandt st., under
the supervision of Mr. Jas. A. Alexander.
—On the first page of the Supplement to-day will be found the
advertisement of Lincoln Park Bonds, Chicago. The issue is of
$900,000 7 per cent sinking fund bonds by the town of North
Chicago and the Commissioners of Lincoln Park. Interest cou¬
pons 1st April and 1st October, payable at the American Exchange
National Bank, in New York. The bonds run till April 1, 1895,
and may he registered if desired.
There is a sinking fund of
$50,000 annually, beginning April 1,1878. The interest is pro¬
vided for by an annual taxon all the property, real and personal,
of North Chicago, the real estate separate from the Park being
assessed for taxation at $26,152,227. Such assessment, as well
as the property of the town and the land in the Park, are all, by
the State law of June 16, 1871, irrevocably pledged for the security
and redemption of these bonds. The present issue is the only debt
of the town.
Messrs. Winslow, Lanier &Co., and Morton, Bliss
& Co. are authorized to oiler the above described bonds for sale,
and to receive proposals until Thursday, the 8th day of April*, at
noon, to purchase any part of the same, reserving a minimum
price of ninety-five per cent and accrued interest, below which no
offers will be Accepted.
—The Phoenix Mutual Life Insurance Company, of Hartford,
publish on the last page of our Supplement their annual state¬
ment made up to January 1. This is quite an old company, having
been organized about a quarter of a century ago.
Its officers have
always been conservative in their management, and consequently
have secured a good class of business, which has resulted in tlieir
now being able to show assets to the amount of over $10,000,000.
Mr. James A. Rhodes, of 153 Broadway, has been appointed the
general agent of the company for New York and vicinity, and is
prepared to issue policies to all wlio may desire them.
—We call the attention of our readers to the “ Railroad Bond¬
holders’ Association,” notice of which will he found in our adver¬
tising columns. ISucli an organization has long been suggested
to act as a medium of inter-communication between railroad bond¬
holders, to collect and distribute specific information to those
interested, and generally to look after any litigation pertaining
to this large class of securities.
It is no part of the business of
this association, as we understand, to deal in railroad securities.
On the contrary, they desire to become confidential correspondents
and agents of the holders of railroad bonds—furnishing, for a
moderate consideration, such facts and information as bondholders
need, particularly after default lias been made, and-saviug loss by
timely advice and warning from mistakes, such as often result
from want of information as to the exact situation of affairs. The
usefulness of sucli an organization will, of course, depend upon
the confidence of the bondliolding community in the energy,
—To supply the growing requirements for cotton storage iu
New York, extensive warehouses have been opened by Messrs.
Richards & Whitlock, on the corner of Morton and Washington
streets.
The stores which they have adapted especially for cotton
have a continuous frontage on the two streets of 250 feet, with
sidewalks, which will give the greatest facilities for receiv¬
ing and delivering cotton ; 1,000 bales could be handled in one
day with convenience, and in an emergency cotton could be
wide
weighed and delivered inside the store, as the ceilings are high
light good. These stores are as near the principal receiv¬
ing docks as practicable, and can be reached from the Cotton
Exchange with convenience and despatch in from 20 to 25 min¬
utes by the Elevated Railroad.
The principal transportation
lines bringing cotton to New York, and which bring at least twothirds of tlie stock coming here, are within convenient distance
of the stores, while YVest street is clear, with excellent pavement.
To shippers these stores present special advantages as they are
centrally located within the range of all tlie Liverpool steamship
lines.
The two principal cotton presses are near the stores—the
Empire Press at foot of West Eleventh street, and the Standard
Press directly opposite, on Morton street. The proximity of the
last-named press gives advantages equal to having it on the same
premises with the stores. The rate of storage on cotton is fixed
at 15c. per bale, and the rate of insurance will not be large.
The
saving in these expenses, as well as on cartage, compared with
the prices to more distant points, are important.
—Mr. George H. Andrews, a well-known art amateur of this
city, has decided to dispose of his entire collection of paintings
by auction; they number over two hundred, and comprise studies
from nearly all the most popular artists of the present day.
Among them may be named examples from Duverger, llobbe,
Ten Kate, David Col, Heyliger, Hugues Merle, Thayer, M. F. H.
De Haas, and numerous others. Mr. Andrews also possesses, and
will offer at the coming sale, the originals, by Jerome Thompson,
of the famous “Old Oaken Bucket,” “Home, Sweet Home,” and
“The Captive Child.”
Mr. Andrews has been a warm admirer of
art, and has spent much time and money in bringing together his
fine collection.
The sale will take place at the Leavitt Art Gal¬
lery, on the 7th, 8th and 9th of April, where they are now on
and the
exhibition.
printers and others is caHed to the card of
& Sons, type founders, which will be found
to-day on the firstpage of onr Supplement. The new tables of
stocks and bonds, published now for the first time in this shape,
have been set up entirely in the No. 12 nonpareil type of Messrs.
Bruce & Sons, with the patent large faced figures.
This type is
a wonderful improvement on the ordinary sorts, for figure work,
and we believe that au examination ot the tables referred to wjdl
convince all parties of its superiority.
—We are indebted to Messrs. Denny & Co., the well-known
hankers and dealers in investment securities, for a copy of their
eighteenth annual circular. This circular contains a large amount
of information in regard to the securities dealt iu at the Stock
Exchange, as well as others not on the stock list.
—Official notice is given in our to-day’s issue of tlie payment of
the regular quarterly dividend of one and a quarter per cent on
the capital stock of the Pacific Railroad (of Missouri) at the office
of the Atlantic & Pacific Railroad Company, in New York, on and
after April 20.
Transfer books close April 1 and re-open April 21.
—The coupons on first mortgage bonds Pacific Railroad (of
Missouri), Carondelet Branch, and the coupons on laud debentures
of the Atlantic and Paci'ic Railroad Company, due April 1, will
he paid at the office of the Atlantic and Pacific Railroad Company,
—The attention of
Messrs. George Bruce
No. 3 Broad street.
—By notice, in our to-day’s issue, the bondholders of the West
Railway Company are requested to call or communi¬
cate with the office of the company, No. 74 Broadway, in relation
Wisconsin
proposed plan of funding the coupons, as
Bondholders.
to the
the Committee of
recommended by
BANKING AND FINANCIAL.
INDIANA CENTRAL. — Bondholders
requested to communicate promptly with
.
.
COLUMBUS, CHICAGO &
Stockholders are
IIASSLER & CO., 7
Wall street, N, Y.
ADVANCES
Made
on
Cotton in store.
R. M. YVATERS
RAILROAD BONDS.—Whether you
& CO.
wish to BUY or SELL, write to
Wall street. N. Y.
IIASSLER & CO., No. 7
STOCK
Conducted by us
in
every
SPECULATIONS
form on commission only.
PUTS, CALLS AND
Cost $100 to
10 per
moves
Tlie
DOUBLE PRIVILEGES
$2C0, and controls 100 shares of stock,for 30
cent during that time,
THE INVESTMENT PAYS $1,000.
days. If the stock
liability is limited to the amount paid for the contract.
negotiated through us are obtained at the best rates
Contracts
in the market
responsible parties.
fidelity, and ability of its managers. It strikes us that such an
agency might lie worked so as to become a valuable assistant to
and
bondholders, whose interest is in default.
explaining the various modes" of operating, and how the llnctuations of
market may be beet taken advantage of. Address, for particulars,
TUMBRIDGE & CO., Bankers and Brokers.
—Messrs. Ilassler & Co., in their circular of to-day,
much length, the circumstances of the default of the C.
notice, at
C. & I. C.
Railroad, in regard to which they give a notice elsewhere.
and
on
PAMPHLET SENT FREE,
Wall street, corner broadway,
the
N. Y.
©alette.
<&l)e Bankers’
NATIONAL B ANKS
ORGANIZED.
DIVIDENDS.
recently been announced :
following Dividends have
Books Closed.
When
P’able. (Days inclusive.)
Per
Company.
Cent.
The range in prices since Jan. 1, and the amount of each class
of bonds outstanding March 1,1875, were as follows:
-Range since Jan. 1.—, ,—Amount March l.«
Highest. Registered. Conpon.
Lowest.
Mch. 15$193,305,250
$
68, 1881
reg..118 Jan. 5 120
89,431,100
6s, 1881
coup.. 118% Jan.
S 121% Mch. 29
3,823,950 97,2(H),200
1862
coup . 114% Jan.
2 117% Mch. 25
6s, 5-20’b, 1864
coup.. 116
Jan. 11 118% Mch. 16 26,246,100 32,746,700
6s, 5-20’s, 1865
8 120% Mch. 27 33,772,100 118,762,250
coup.. 118% Jan.
57,781.950 144,881,150
6s, 5-20’s, 1865, new,coup.. 117,% Jan. 8 119% Mch. 27
88,409,650 222,213.100
1867
coup.. 118% Jan. 9 120% Feb. 3
14.003,500 23,380,500
6s, 5-20’s, 1868
coup.. 118 Jan. 9 120% Mch. 27
....
5s, 10-40’8
reg.. 113%Mch. 5 116% Jan. 2!) 141,362,750
53,203,550
coup.. 113% Mch. 4 117% Feb. 12
5s, 10-40’s
116
Jan. 29 197,907,250 179.404,200
5s, funded, 1881
coup.. 113% Jan. 2
6s,Currency. r
reg.. 117% Jan.
4 120 dan. 30 64,623,512
„
The United States Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
2,238—First National Bank of Auburn, Ind. Authorized capital, $50,000; paid
in capital, $35,000. Joseph R. Lanning, President; Jas. V. Hazzard,
Cashier. Authorized to commence business March 25.1875.
The
6688..55--2200’’hs,,
Bonds.—State bonds have been a little
the Southern list. Tlie
Legislature has adjourned in Tennessee, after passing a law to
tax gross earnings of railroads
per cent, which it is estimated
will raise £150,000, and for retrenchment in various departments
of State expenses, to an extent which it is reported will effect a
saving of $000,000 per annum. Ou the strength of the prospec¬
tive benefit to arise from these measures and theliopes that July
interest will he paid, the bonds have advanced.
The Virginia
Legislature authorized the State officers to pay 4 per cent interest
on the State bonds, when the money is in hand, and it is expected
that the 2 per cent of July, 1874, will he paid soon,'and the 2 per
cent of January, 1875, about next July.
The North Carolina
State and
Railroad*.
more
Jersey (quar.)
Ogd’ensburgh & Lake Champlain, prof....
18.96
April 20 April 5 to April 21
April 1
3
4
Virginia and Georgia....
April
1
IV
2%
April 20 Ap.r 2 to Apr. 20
April 10
April 7 April 1 ;to April 7
2%
(quar.)
of New Jersey (quar.).
Pacific of Missouri
United Companies
April 12
1%
2%
Berkshire (quar.)...
Cent al of New
East Tennessee
April 5!
......
April 10 Apr. 1 to Apr. 7
Vermont & Massachusetts
Bauks.
Fifth National (quar.)
Callatin National
4
I insurance.
.Etna of
on
Hartford
Friday,
dcniJ
April 2, 1875—6 P. M.
Situation.—The break
Market and Financial
The Money
331
THE CHRONICLE
April 3, 1875.]
Railroad
active, and generally stronger on
funding hill seems to meet with little favor from bondholders.
Railroad bonds have been strong and tolerably active; the
exchange, and continued strength in
speculative stocks have been the principal features of the past Chicago & Northwestern gold 7 per cent consols advanced to-day
week.
to 85.
The Pacific issues have also been strong, Western Pacifies
Money lias been easier on call, and tlie fear of pressure in tbe sold to-day at 91$. Default was made, April 1, on the Col. Chic. &
money market, which was felt for a short time, lias now almost Ind. C. first mortgage consolidated bonds, on which interest was
entirely passed away. Call loans have ranged from 3 to G per supposed to he secured by a lease and guarantee of tbe Pittsburgh
cent, during the past few days, and 4^7)5 per cent, was a fair quo¬
Ciun. & St. Louis, and the Pennsylvania Railroads.
Aside from
tation to-day for loans to stock borrowers.
For commercial paper the question of legal responsibility on this guaranty, it is utterly
there lias been a rather better demand and prime paper is easier, impossible to understand the policy which should induce the
though quoted still at about 54@G£ per cent, for strictly first-class Pennsylvania. Railroad to neglect the payment of interest on these
paper.
bonds, when that company has over $13,000,000 of annual liabili¬
On Thursday, tlie Bank of England reported a decrease of £82,- ties on leases and guarantees of similar character, and holds
000 in bullion for the week, the discount rate remaining un¬ itself an enormous amount of stocks and bonds whose market
changed at 34 per cent. The Bank of France showed a slight value depends almost entirely upon the good faith with which
decrease in specie for the first time in many weeks, the decline these contracts of lease and guaranty are maintained.
being 1,919,000 francs. On tlie Berlin Bourse there was quite a
Daily closing prices of a few leading bonds, and the range
panic in speculative shares, and, according to the telegram, since Jan. l,have been as follows:
Jan. 1
Sin
Mch. Mch. Mch. Mch. April April
twenty-three failures and two suicides in consequence.
2.
Lowest
Highest.
1.
81.
30.
26.
21.
Jan. 27 53% Jan.
51
It
*49
The last weekly statement of the New York City Clearing 6s Tenn., news...
5
48
*47
47
47%
26
Jan. 18
20
Mch. 27
20
•20
*20% *20% *20
20
House Banks, issued March 27, showed au increase of $1,705,400 in 6s N. Car.,old....
7
16
Jan.
7
16
.Ian.
68 N. Car.,new...
*59
the excess above their 25 per cent, legal reserve, the whole of 6s Virg., consolid *58
*56% *53% 55% Jan. 26 57% Feb. 11
V>7% *56
Mch. 23
36
Mch. 21 86
do w 2d series. *36% *36% *36% *37
such excess being $0,501,175, against $4,795,775 the previous
Jan. 27
30
Mch. 20 35
*30% *30% *80%
6aS.C., J. & J.... *60% *31
in
gold, advance in foreign
cc
■
,
....
.
.
.
•
•
....
.
week.
The
and
a
following table shows the changes
comparison with 1874
from the previous week
and 1873:
Loans anadls.
Differences.
Mch. 27.
Mch. 20.
$283,358,100 $279,052,800 Dec.
1873.
Mch 29.
1874.
Mch. 28.
-1875.-
$4,305,300 $286,177,500 $274,348,700
bonds
N.Y. C.&H. 1st 7s
C. Pac.,gold 6s...
Un Pac., 1st 68...
97%
113%
98%
•91%
68%
6b Mo. long
97%
67
97%
*68%
67*
100
L’dGr’t7s 100% l'H)
62
91%
61%
S.F.8s..
*106
*106% 106%
Erie 1st M. 7s
N. J. Cen. 1st 7s.. *106% •110% *!10%
108%
10'Y •106
Ft Wayne 1st 7s.
107% io;% 107 s
Rock Isld lRt 7r..
83%
83%
83%
C. & N.W. gold 7s
do
do
•
.
•
94% Jan. 14 93
111% Jan. 18 HI
112%
9H% 92% Jan. 6 98%
98%
98%
6
90
Jan.
97%
97%
97%
97%
90
Jan. S 100%
96% X93% *96%
5
62%
91%
30% Jan.
91%
61%
Jan. 11 106%
106
*106% 106% 101
*110% 107% Feb. 1 110
‘110% *110%
t 110
no106.% Jan.
*106% 110
Jan. 5 liH
107% *107% *107% 105
1 85
S3
79% Moll.
83%
83%
*97
*3S
98
Apr.
1
Mch. 17
Mch. 22
Mch. 29
Mch. 3
Mch. 30
Apr. 2
Feb. 27
Mch. 11
1,014,000 25,439,300 1 6,179,100
Mch. 11
Circulation....
22,231.900
21,531.800 Dec.
697,100 26,726,400 27.635.700
Apr. 2
Net deposits.. 218.419,300 214,724,500 Dec. 3,694.800 23!),730,903 193.508,700
52,131.800
242,300 60,585,100 38.729, 00
Leval tenders.
51.899.500 Dec.
This Ls the price bid. no sale was made at the Board.
The Bureau of Statistics at Washington has now published the
The following table shows the prices of some leading securities,
returns of the foreign commerce of the United States for the
April 2, also the prices less accrued interest or ‘'flat,” the per.
calendar year 1874, compared with 1873. All the values are in cent of interest realized per year on their cost, and the approxi¬
specie.
mate accumulation of principal and interest in five years, pro¬
Re-exports.
Domestic. Exports.
Foreign.’ vided interest is re invested semi-annually immediately on its
Periods.
Imports.
Twelve months ended Dec. 31, ’74..
577,36!),711620,473,7:35
22,125,893
606,361,988
24,968,204 payment. In the case of gold bonds, the price is first reduced to
Twelve months ended Dec. 31,’72.. 624,997,487
gold and all the subsequent figures given in gold.
The following were the proportions of merchandise and of
AccuiuCost of Int.
Price
Price
Int.
lation.
$1,000
per
April
Bonds.
specie and bullion, respectively ;
llat.’ bond.
Domestic
Re-exports.
5 years.
period.
2.
8,282,800 Inc.
7,268 800
Specie
.
*
‘
Imports.
$15,943,211
6,182,682
17,659,375
7,308,629
$553,929,312
$562,115,097
Merchandise, 1874
66,541,3)3
Specie and bullion, 1874
15,253.804
550,098,492
595,248,048
Merchandise, 1873
56,263,496
Specie and bullion, 1813
29,749,439
The value of foreign commodities remaining in the
of the United States December 31, 1874, was $43,804,512,
warehouses
against
$02,064,932 December 31, 1873.
United.
States
Bonds.—Government securities were neces¬
of 3 per cent, in gold,
less than might have
by reference to the daily prices
sarily affected to some extent by the decline
although the leading issues gave way much
been
anticipated,
as may
he seen
below.
There have lately been some sales of Governments
account of banks winding up business, mainly at the West,
the bonds have been readily absorbed here by tlie steady
mand from hanks, savings hanks, and insurance companies.
follows :
Mch. Mch.
Closing prices daily have been as
Int.
-
period.
27.
Mch.
29.
Mch.
30.
31.
April
1.
for
and
de¬
April
2.
reg..Jan. & July. 420
119% 119% 119% *119% *119%
coup..Jan. & July. 12i% 121% 121% *120% *120% *120%
68, 5-20’s, 1862
rog..May & Nov. *117% *117% *117% *117% *xll4 *114
*116%
6s, 5 20’s, 1862.;.. coup..May & Nov. *117% *117% *117% *117% *117
6b, 5-20’8, 1862,Cal led Bds..May & Nov
6s. 5-20’s, 1864
reg..May & Nov. *117% *118 *117% 117% *xl4%*114
coup..May & Nov. *118% *!1*% *118% 118% *117% *117%
bs,5-20’s, 1864
6a, 5-20’s, 1865
reg..May & Nov. *119% *119% *119% *119 xll6% *116
coup..May & Nov. 120% 119% *120% *120% *120% *120
6s, 5-20’8,1865
6s, 5-20’s, 1865, n. i., reg..Jan. & July. 119% *119% 119 *119
119 *118%
6s,5-20’s,1865 n.i,coup..Jan. & July. 119% 119% 119% 119% 119% 119%
6s, 5-20’8,1S67
reg..Jan. & July. *120 *120 *119% 119% 119% 119%
119%
6s, 5-20’s, 186?.... coup.. Jan. & July. 120% 120% 1x0% 120% 120
*120
119% 120%
6a, MO’g, 1868
reg.. Jan. & July. *120% *120
*!20
*119% 119%
68, 5-20’s, 1868
coup .Jan. & July. 120% *120%
113%
114
reg. Mar. & Sept. 114% 114% 114% 114
5s, 10 40's
114%
58, 10-40’s
coup..Mar. & Sept. 115% 115% 114% *114% *114% *114%
114% *114%
115%
...
....
5s, funded, 1881
5s, funded, 1881,
6s,Currency
reg
..coup....Quarterly. *115% *115% 115% *114%
reg.. Jan. & July. ^119% *119% 119% 119%
This U the price
..Quarterly. *115% 115%
hid
; no
sal* was made at the Board.
year.
Foreign.
Exports.
U. S. bonds of 1881, 6’s gold
do.
5-20’s of ’67, 6’s gold
do.
ten forties, 5’s gold
do.
Pacific issues, 6’s cur
N. Y. State Bounty Loans, reg. 7’s
N.Y. Cen. & Hud. mortg. 7's coup.
Cen. of N. J. Mort.b’ds ’90, 7’s
do.
Consol. 7’s.
Chic. & R’k Isl. 1st m. 7’s
Chic.&N. West. 1st m. 7’s, 1885...
do
coneol. mort. 7’s gold—
Cen. Pac. 1st m. 6’s gold
do
San J. Yal. 1st m. 6’s g..
do Cal.ifc Oregon 1st m. g’d 6s
West. Pac. 1st m. 6’s gold ..
Uu. Pac. 1st in. b’s gold
do. land grant 7’s
do. sink, fund 8’s
Fort Wayne 1st m. 7’s
Ohio & Miss. 1st m.
do
do 2d m.
consol. 7’s
do.
7’s.
+120% *103%
11!)% *103%
1114% *99%
11!) 64
117%
+ 106% 104%
**$1,035
1,045
*5 82
*5*82
5 05
5-OS
6 72
+110%
109%
1.002
642
l,4io
104%
quar.
J.&J. + 107,%
F.&A. +98
85
J. & D.
104%
1,045
1,056
6 72
6-60
1,110
1,410
1,410
J.&J.
J.&J.
M&.S.
J.& J
J.&J.
J.&J.
F.&A.
A.&O.
J. & J.
J.&J.
J.&J.
A.&O.
M.&S.
J.&J.
J.&J.
A.&O.
*1,032
*866
1,177
*$1,343
*1,343
*1,280
1,343
1,410
....
98%
+84%
+86%
+61%
97%
+96%
01%
110
+96
+78
105%
96%
*71%
*81%
*74
*74
*78%
*83%
96%
91
108%
04%
78
967
*718
*845
*740
*740
*732
*836
962
910
1,082
942
780
721
*9-72
*7-14
*8-10
*8.10
*7 (19
*7 14
7 29
8-79
6-48
7.44
8!)7
*1,410
*1,343
*1,343
*1,343
*1,343
*1,343
1,410
1,47!)
1,410
1,410
1,410
+ Price bid.
Stocks,—The stock market
the advance of last
further advance has
been established.
Union Pacific sold up to 68$ on Monday, since
which it has fluctuated considerably, selling down to G1 on Tues¬
day, and touching GS^ to-day, which is the highest point yet
reached in the present full movement. Pacific Mail has been
variable, and after selling down to 41$, lias recovered materially,
and closes at 44. Western Union Telegraph closes at 78, which
m gold.
Railroad and Miscellaneous
lias been decidedly strong, and on some stocks
week has been maintained, while on others a
*
now
ex-dividend is equal to 80 before
the present rise
commenced.
fairly be said to have shown more positive
previous time, as last week there was a
leverish buoyancy, with enormous transactions in stocks, and
114% *114% unusual excitement, while this week business has been much
FW U9% more moderate, and the firmness in prices is more general,
The stock market may
strength than at any
throughout the list.
At the close the feeling was
generally
54781
The AT. Y. Tribune reports the earnings of Lake Shore
strong.
from Jan. 1 to March
Gross earnings, 1874
Gross
14,
follows:
as
$3,432,052
2,455,990
earning) 1875
$976,062
Decrease
Earnings of the Union Pacific Railroad are reported as follows:
MONTH
OF FEBRUARY.
Increase.
1875.
1874.
$607,990 28
374,906 13
earnings
Operating expenses
NetearniDgs
$620,307 24
272,1-8 02
$12,316 96
$233,034 15
Gross
$34^,119 22
$115,085 07
.....
MONTH OF MARCH.
~.
$651,475 30
823,509 65
$172,034 35
Increase in 1875
.
The figures for March, 1874, we had last year as $087,026, but the
smaller amount now issued may be corrected figures for that
month.
For the purpose of showing the total transactions of the week
in the leading stocks, we have compiled the table following :
Mch. 27
“
..
2!)
30
“
“
u
0,3n0
00.200
60.4(H)
4 z, 7(H)
..
o
2-3,500
52,300
4,300
1,800
44,000
22,500
30,000
..
Erie. Pacific.
47,100
Ohio &
Wal).
Miss.
8,800
34,000
33,900
10,200
5,200
20,800 134,400 60.000
28,700 02,000 107,800
21,200 01,000 03,200
18,300 37.000 41.400
10,400 38,600 48.800
14,000 40,0 0 52,000
22,000
32,700
10,000
57,200
..
Union
West’ll Chic. &
Union. N’west.
31,000
..
1
Lake
Shore.
Pacific
Mail.
90.000
..
31
Apr.
30.000
17,100
11,800
3,000
9,900
10.000
0.400
78,200 104.200
88,500 325.700 114,000 412,200 390.800
..200,000 404,005 337,850 110 030 780,0)0 307,150 200,000 150,000
The last line in the preceding table shows the total number of
shares of each of the stocks, now outstanding, so that it may be
Total
Whole stock.
seen
at
a
glance what proportion of the whole stock lias been
turned over in the week.
The daily highest and lowest
Saturday,
Mondav,
prices have been as follows:
Tuesday. Wednesday, Thursday,
Friday,
Mch. 31.
Mch. 29
Mch. 30.
Mch. 27
April 1.
April 2.
N.Y.Cen.&H.K. 101
101
101
ini
ioi
101
iuu% louv ioox luox toi ioi
»
131
430
*139
131
132
Harlem
132
»129
131%
*130% 131 % "
131%
""
'
Erie
29% 30%
30% 31%
29% 30%
29% 31%
35%
31% 31V,
Lake Shore....
73
73% "4
73% 74%
73% 73%
',3%
74% 75%
<3% 75
15
14
Wabash
14% 15%
16%
15% 15%
13% 14%
16%
1,<% H
H% 45%
44% 45%
Northwest
44% 45%
4l% 46
45% 46%
45% 46%
5S
do
58%
57% 57%
57% 57%
57% 57%
pref. 58% 59%
58% 53%
Kock Island
106% 105% 106%
106% 106
166% 100% 105% 166% 105% 106% ioo
8t. Paul
37% 38%
38%
38% 38%
36% 37%
36% 36%
36% 38%
60
uo
55% 56%
56% 56%
56% 56%
56%
pret.... 66% 57
11
At.& Pac.,pref. 13% 11
11%
MV 15
14% 15
11%
15%
14% 11%
28
28 u 29%
2S
29
28
Ohio & Miss...
23% iSJs
28%
29%
27% 27%
412% 112% 112% 1 ’2% *112%
Central o: N.J. 411%
411% 112% 112% 113
§i%
...
Del., L.& West 111%' 112
ELan. & St. Jos. 24% 29
Union Pacific.. 5,-'% 61%
Col. C!.ic.& l.C.
5%
5%
.M14
Panama
At. & Pae. Tel.
Quicksilver
111% 112
26% 30%
‘
62
5%
414
115
»
75% 76%
24%
61
£0
30%
112% 112% xli0% 110%
62% 64 s
6
6%
6
115% 116%
75% 78%
34%
•
68%
The entire range
;
61
'
no tale was
*
101
....
25
26
26
28
67
28%
68%
6
6
26
2-5
32% 82% *32%
43% 44%
43% 41%
103% *10 i 104%
*103
*64
*60
62
»
90
61
*60
*87
....
89
*63
61
‘60%
61
*87
87%
made at the Board
from Jan. 1,1874, to this date, was as follows:
—Whole year 1874.
date—
Lowest.
I
Highest.
Highest.
N. Y. Cen. & Hud. R...100% •* ch. 18 103
Mch. 15 95% May 19 105% Mch. 11
Harlem
127% Jan. 12 131
Mch. 31 118% Jan. 7 131% Feb. 18
Dec. 10| 51% Jan. 15
Erie
25% Feb. 27' 35% Mch. 29 26
Lake Shore..
72%; Feb. 17 80% Jan. 2 67% JHnc 19 84% Jan. 16
Feb. 17 21% Jan. 2 18%" Dec. 29 55% Jan. 16
Wabash
10
Northwest
38% Mch. 1 48% Jan. 4 34% July 15! 62 V Jan. 9
do
Sept. lOi 78% Feb. 9
51% Mch. l! 02% Jan. 2 51
pref
Rock Island
Feb.
102% Jan. 14)106% Mch, 27 92% June 19 109% Feb. 9
8i. Paul
32% Feb. 27) 39% Jan. 4 31% May 18 49% Jan. 10
13 4S
do
May 5 74% Feb. 9
pref
51
Mch. 1 59% Jan.
Feb. 16
Atlantic & Pacific pref. 12% Feb. 261 17% Jan. 13 10%- Sept. 3 22
22
Feb.
Ohio & Mississippi
36 Jan.
24
Feb. 18) 32% Jan. 2 21% June 17 36 Jan. 10
98
dan.
3 109% Fel). 10
Central of New Jersey. 105% Jan. 5jlt3
Mch. 30
Del., Lack. & Western. 106% Jan. 2 112% Mch. 31 99 Jan.- 2 112% Feb. 10
Hannibal & St. Jo
18% Jan. 22i 30% Mch. 29 22%- Sept. 71 34% Jan. 12
Jan. 18 68% Apr.
Union Pacific
36
2 23 June 17 38% Mch. 30
8
Sept. 31 32% Mch. 30
9% Jan. 14
Col., Chic, & I. C
4% Feb.
Panama
Apr. 20:118 Jan. 9
121% Mrh. 31 101
110% Jan.
Western Union Tel
79% Tan. 2 68 Apr. 24) 83% Dec. 10
70% Feb.
Atlantic & Pacific Tel.. !9
Jan,
29% Jau. 15 14 Aug. —! 20 Nov —
35 ~Jan.
6 22% Apr. 28 36% Nov. 24
Quicksilver
25 Mch.
June 29 48
44
Jan. 7 29
Nov. 27
do
pref
32% Apr.
Pacific Mail
45>4 Mch.
33% Dec. 21! 51% Sept. 30
30% Feb.
Adams Express
92% Jan. 13)120 Nov. 13
101% Mch.
98 Jan.
American Express
58% Jan. 2: 65% Dec. 1
62% Jan. 71 65 Jan.
60
Jan.
United States Express. 56% Feb. 101 (,5
Sept. 28) 73 Feb. 9
Nov. 30
69% Jan.
5| 84
Wells. Fargo & Co
79% Jan. 8| 87% Feb.
flail road Earning*.—The comparisons with last year on the
roads below, with one or two exceptions, are substantially the
-Jan. 1,1875, to
Lowest.
same as
..
previously reported.
^
Latest earnings reported.
,
Jan.l to latest date.
1875.
Roads.
Atchison, T. & S. Fe Month of Jan.
Bur. C. Rap.& Minn. 1st week of Mch.
Central Pacific.
Month of
Feb.
Cm. Lafay. &■ Chic.. 3d week of Mch.
Denver & R. Grande. 3d week of Mch.
Illinois Central
Month of
Feb.
.
..
Indianap. Bl. «fc W... 2d week of Mch.
Indianap. Cin & Laf. Month of Feb.
Intern’l <fcGt. North. 2d week of Mch.
Kansas Pacific
Month of
Feb.
Mo. Kansas & Tex... Month of Feb.
Ohio & Mississippi.. Month of Feb.
St. L. Alton & T. H.. 3d week of Mch.
do
branches. 3d week of Mch.
St. L. I. Mt.& South 3d week of Mch.
St. L. & Southeast.. 2d week of Mch.
St. Paul & S. City,&e. Month of Jan.
Toledo P. «fc Warsaw. 3d week of Mch.
Union Pacific
Month of Mch.
The Gold market.—The gold
.
1874.
1875.
$08,1.59
$62,792
20,344
$08,059
190,903
1,792,000
82,085
62,719
1,052.002
1,009,692
1,101.071
26s,921
340,751
245.364
209,944
280,412
351,232
421.000
281,434
34s,778
20.812
902,000
7.312
5.704
804,044
9,714
5,442
517,074
27,908
458,158
27,263
111,577
125,000
19,711
22,519
188.195
178.429
205,003
243,024
17,482
12,303
230,371
243.167
21,518
11,730
59,071
73.819
22.811
42.385
19,913
33.880
10,331
S23,509
•
23,543
651,475
492.874
201.944
148,513
603.383
206,5 M)
33.880
1874.
$02,792
209.800
103,735
55,051
490.704
50!). 200
249.78S
107.497
654,277
255.509
187,333
42.385
249.2.30
2,018,746
1,880,180
speculation, which has played
such an important part in financial affairs for some weeks past,
apparently culminated on Monday last. After opening in the
morning at 11 Of the price advanced to 117 at 2:36, and closed at
11C-J. On the same day the rates on gold loans were forced up
to 1 per cent, per diem for borrowing, the record having been as
House hours, £, £, £, £, £, and ^ of
Tuesday at 116£, the price went
114£, and the rates on loans fell
There has not since been any at¬
tempt to renew tlie squeeze—the price touching 114 to-day—and
it is quite generally, understood that the gold clique have sold
cent,—and after Clearing
cent. After opening on
steadily down to 116, 115, and
off till they were made “ flat.”
per
1 per
As to the future, however, there is no certainty that
another attempt may not be made to engineer a similar strin¬
gency, particularly if such a move is encouraged by the creation
out.
large “short” interest. .Gold loans to-day were made
per cent, for carrying.
Custom receipts of the
week have been $2,412,000.
The following table will show the course of
gold and
operations of the Gold Exchange Bank each day of the past
of
now
a
“flat,” and 1@3
week:
Quotations.
»
Open- Low-High-Clos¬
/
ing.
Saturday, Mch.
Monday,
“
Tuesday,
“
Wednesday, “
Thursday, April
Friday, v
**
114%
114%
111%
114
116%
114%
114%
114%
,
Balances.
Gold, Currency.
,
$62,282,000 $1,385,916 $1,728,393
90,870,000 5,281,363 6.198,946
92,319,000 2,239 203 2,898.547
147,416.000 2,607,171 3,468,561
77,349,000 2,063.362 2,458,154
65,412,000 2,137,780 2,465,606
116% 116% 116%
116% 117
116%
27.... 116%
29.... 116%
116%
30
31. .114%
1. .114%
111%
2
Current week
Previous week
Jan. 1,1875, to date..
Total
Clearings.
in!/.
est.
est..
115
114%
114 V>
114%
$
$
116% 114
114.% $535,678 000
117
116
115% 116% 116
294,187,000
114%
.112% 111% 117
•.
1,330,805
1,030,675
Foreign Fxcliauge.—The exchange market,
almost exclusively controlled by the fluctuations
which has been
in gold for the
the greatest point of depression on Mon¬
day, when the rates on gold loans touched 1 per cent, a day.
Prime bankers’sterling was then quoted 4.79 and 4 83, but on
the next day advanced with a rebound after the break in gold.
There has been a very fair demand for exchange ever since, and to¬
day the leading drawers advanced their rates, to the highest point
lately reached, viz.: 4.85 for 60 days’ sterling and 4.89 for de¬
mand. The future course of the market must depend largely
upon tlie gold movement, which remains yet uncertain.
For tlier
past few weeks there have been no further reports of American
past few days, reached
loans in London.
The transactions for the week at the Custom House and
Treasury have been
as
Custom
House
—Receipts.
Gold.
Receipts.
Mch. 27
••
$220,000
296,000
477,000
356,000
1
415.000
552,583 99
1,069.856 19
1,074,189 13
630,591 20
i
“
648,000
662,014 06
April
“
Total
$2,412,000
Balance, March 26.....
-Sub-Treasury.-Payments.
Currency.
$643,746 93 $1,4S4,592 23
$484,469 C5
84
85
2,5'.<5,387 01
1,110,704 01
792,160 32
1,132.002 99
S9,202 08
433.126 54
3,609,372 75
722,179 05
851,498 61
6,547,909 92
1,174,127
310,922
179,298
71,229
535,951 14
492.980 49
253,671 53
4,536.885 03 3.520,027 78
54,415,916 11 45,818.767 67
55
20
53,343.458 39 42,790.884 65
Balance. April 2
Nbw’kork
City
ISimUn.—The
following statement shows
of New York City for the
the condition of the Associated Banks
week ending at the commencement of
business
-AVBRAGE
AMOUNT
Loans and
Discounts.
$9.1 15,20*:
!3,000,0011
Capital.
Banks.
New York
Manhattan Co
2,050.001
3,000,000
2,000,000
Merchants’
Mechanics’
1,500.000
Union
America
Phoenix
3,000,000
1,800,000
l,0011,000
City.
1,000.000
Tradesmen’s
(100,000
Fulton
Chemical
300,000
Merchants’ Exch’ge.
Gallatin, National..
Butchers’* Drovers’
1,000.000
1,500,000
800,000
Nlcchanics&Traders
600,000
Green wieli
Leather Munuf
200,000
600,0U0
300,000
2,IK)0,000
5,000,000
10,(KM),0(H)
Seventh Ward— .
State of N. York..
American Exch’ge.
Commerce
1,000,000
1,000.000
422,700
2,000,000
450,000
412,500
Broadway
Mercantile.
Pacific
Republic
Chatham
People’s
1.000,000
North America
Hanover
l.OOO.OIT
51 0,000
1,010,(01
Irving
Metropolitan
Citizens
Nassau
Market
St. Nicholas
Shoe and Leather..,
Corn Exchange.....
Continental
Oriental
Marine
6(« ,()( 0
1,000,1(0
1,000,01 0
1,000,00 ('
1,000, ((0
l,00(1,000
l,5'M*,( ( 0
30(1,0(0
400.00(1
Importers’* Trad’rs
Park
Mecli.
Bank’g Asso.
Grocers’
North River
East River
Mannfact’rs’* Mer.
Fourth National....
Central National...
Second National....
Ninth National.
First National
Third National
N.Y. National Exch.
Tenth National
Bowery National...
New Yo! k Co. Nat.
.
.
German American.
Dry Goods
Gold.
Currency.
$547,650 46
29
30
31
“
Sub-
follows:
I
..
.
beginning: £, 5-32,- 3-16, 5-32, 3-16, 5-32, 3-16
1
f, 7-16, |, 7-16, £, l, 1 per cent., £, £, £, £, 13-16, 1 per cent,.
follows from the
110% 110%
121% 418% 120
18%
77% 7S%
77%
42* * 41%
*63%
61
88
*60%
120
....
43%
104
64
*87
*87% 83
This la the price hid and asked
41%
25
2»
67
6
6
25
26
24%
•
63%
121%
.78%
117
77
28
35
27
*
26
27%
25%
67%
6
26
31X
do
pref.
44*' 45% 42 X 45%
Pacific Mall....
101
*103
104
Adams Exp.... *103
61
64
64
64
American Ex..
61
*60
61
United States..
Welle, Fargo..
112% 112%
27
28%
68%
6%
76% 77
23% 23%
West, Un. Tel.
*
[April 3, 1875 75
THE CHRONICLE.
o32
1,500.0*00
2,000,000
500,0(0
300.000
100,000
350,('00
300,000
5,000.001
2,000,000
300,001
l.SOO.U (
5 >o,i o:
1,0:10,1 ( *
50t ,0( (
1,001 .0: I
25'' :
'
20. ,«i-t
2,000,(00
1,000.(00
March 27,1875:
on
OF-
Legal
Circula¬
Net
tion.
Tenders. Deposits
Specie.
$1,072,200 $1,669,6.>0
$454,000
$7,128.1H)0
9,700
263,600
3,938,400
1,026,800
5,717,-(K)
659.700
338, TO
2.8(3,900
7,264.:.00
8,"52,300
406.800
2**5,700
i,1 4.8,800
6,5*3,10 *
4.598.500
270.000
175,* 00
678,700
4.871,000
3.126.800
1.6; 1,100
1,2(>0
456,900
6,183,000
V,151,800
225.000
458,200
510,9(0
4,m 1, .00
2,713,3* 0
991.000
519,0,10
4.198.800
5,818,800
747.100
315,700
181,2(0
3,!o7,100
1.828.700
1 ,'i75t6(i()
131,50(1
382,000
1,255,600
S 281,20(1
6,3‘i 1,700
153,300
1,861,300
440,6(1)
8,100
701,300
3,0,6.7'0
3,73 vOO
3 1! .900
475.800
527,900
2.120.800
3,!K :).((>() 20 H* 10
21.0.0
454,000
2.5:7,900
1,837,1*00
190.7(H)
18,700
2.53,200
1,07«,5(K)
J,S6V.>1)0
2,700
KK',400
861.700
980,700
231.200
311,600
391,800
2.511.100
3,326,900
170.800
35,700
*3‘.i,.’:00
219,200
l.O'VOO
429,3(0
I 296,600
167,100
3.606.700
4,988,300
3! 1,500
726.800
1.995,000
7,311,2* K)
11,640.500
7.371,200
2.309,300
137,900
2,935.800
ID,561.500
17.300
894,300
689,900
3.051,200
5,543,500
00,500
478.200
77:*,000
4,25
3,522,61*0
0
7,300
415,200
2,221,*00
1,951,4('0
7*44,300
46 ',200
269,1 00
3,015,300
5,3»:S,700
150.100
>9.200
>01,000
2,937,200
3,114,3(0
123.700
5,5(0
700
1.317,51.0
1,080,IKK)
407,500
2.139.100
21,31*0
2,540,700
275,000
3<. 100
757,700
3.060,000
3.633,91*0
164,700
16,300
001,000
2,507,000
2,5'"',010
411,000
573.HOC
7. 51,000
1,431,000
11,778.1*00
131.6(0
3 .’.600
1.P6.CU0
393,300
J ,594.11 0
3,900
16,100
172,5(10
2,010.400
2.1 S3,3(0
225, (HO
53.500
•100,260
1.822.500
2.300.600
705.100
13,1(0
301,101*
1.117.700
2, Or‘,200
729.900
043,200
2.900,000
61,300
4.20'.: 00
4.9(0
4(1.700
1.437,300
273, (K 0
2 908,-00
581.900
669,000
■11.600
2,771,(00
3,82 ■•.2(1)
4.(K*0
6..500
210,100
1.224.500
j ,5S-(,S *0
278 000
422 000
15 5.5)1 0
2,31'\6U0*
2,421.4' 0
426,010
110,700
15,6 IS,MX)
3, *25,200
11.732 000
10C.900
17,392,800
4,271,200
l4f8U).300
303,500
3 ,5(J0
255.5(10
921,900
1.098. TOO
2 0,700
733,800
11,200
713,60(1
.
,
...
*
.
.
937.(M 0
1,014,500
7 9.01*0
; a,
i.i-,ooo
7,»'.P,000
1,963,000
156.700
155.300
•,52.100
750.700
6 9,300
643.100
8-3,100
1,48 ».0()0
14,546.900
6,215.000
1,568,(M0
5.956.100
6.935,000
18,800
p,6(10
7(0
167.100
10.000
3
387,000
l,19S,i 00
6,117,600
1.972,21 0
75.200
115.300
5,101,600
1,154,400
1,9/7.700
1,218,700
537,1( 0
11,0 0
lOv'OU
2,100
1,153,000
4,6(7,700
■U),.500
222,100
2'(2,((0
564,700
2,108,709
11,600
329,600
1.347,GUO
5,9-8,500
1.335.610
258,800
1.01!, 200
859, *400
845.200
250,700
1,006.030
132,700
2,6*
5,1(6
1,426.(00
262.0(0
000 60U
40,900
49.400
2(7.200
R83.700
300.000
180,000
8,616,991)
1,614,000
$91,435,200 $2,3,052.809 $9,282 801* $51,399.50(1 #214.724.500 #21,53i.SOO
deviations from the returns of the previous ™eek are flfi
follows:
Dec. $3,694,40
Loans
Dec. $4,305,300 I Net Deposits
Total
The
I Specie
Legal Tenders
Inc.
Dec.
i,ul4.ooo Circulation
.32.300
-
Dec.
69..H0
BhiiUm.—Below we give a statement of the Bosto11
National Banks, as returned to the Clearing1 House on Monday
March 29, 1875 :
floHtou
Capital.
8&UK8.
1,500,000
Atlas
Blackstonc...
2,0)0,000
■
1,000.000
Boston
600,000
«?0yKai*200.000
500,000
1,000,000
1,000,000
Central...
Columbian
Continental
Faneuil Hall
Freeman’s
300,000
1.000.000
750.000
1,000,000
Globe
Hamilton
Howard
•
England
flew
North
Did Boston
Shawmut
Shoe & Leather
State
Washington
First
1,000,000
1,000,000
900,000
1,000.000
1.337.500
'
2.93 i.000
1,000,000
I 000,000
4.700
1,300
59,5(10
2,100
5,100
5.066.700
L.500,000
2,000,000
8.372,300
4.454.000
895,41X1
2 755.910
200,000
1.000,000
1,500,000
Union
Webster
12,000
3.274.500
2.058.30C
2.(97.300
1,000,000
Security
2,200
3.0(10
9,0l0
6,121.401*
1,500,000
500,000
Revere
24.500
5.436.100
2.120.800
The deviations from last week’s returns are as
Decrease. #110,5 >0 l Deposits
159,700 Circulation
180,803 1
The following are the totals for a series of
Decrease.
Decrease.
131.358.500
131.570,200
131,887.(00
131,310.900
132.471,100
133.617.200
(33 965,900
132,546,100
...
....
...
....
....
....
....
...
9,131,100
9,-31.300
8,860,(HO
8.891,400
8,710,6110
1.2'0,9c0
1,170.’.00
901.5(H)
693,409
533,700
174 800
757.300
(07,900
l,26S,8iiil
319,5(10
661,200
•
615 900
*'
4.100
•
34,300
151.900
670,600
532,100
676.600
737,200
657.100
1.052.900
1.916.500
9.3,6(10
1.982.900
562.7(H)
857,900
779,000
2.196.600
608.3(H)
646.700
’’67.000
57H.(
568,80(1
653.300
^
94.5(H)
300,0(M1
421,900
327,s 0c
751,100
810.700
1,613.700
978,900
“74,860
652.300
172,600
525.300
470.5(H)
1.419.10(1
801.200
1,113.300
912,390
#51.161.240 #21.214 400
Mch. 20, is #22.835,3(111.
follows:
increase. #432,3(0
233,700
..Decrease,
54,533.100
54.411.600
24,293.000
21.210.001
54,260,200
21.143,500
21,090.2:0
52.768,700
52.3S3.70U
51.856,400
50,731,900
51,164,200
,133.30
*•’4.310 5'H)
24.148.100
24.214.100
following is the average con
Philadelphia National Banks for the week ending
Philadelphia Ranks.- -The
dition of the
Monday, March 29, 1875:
Capital.
Banks.
$1,500,00C
Farmers and Mech. 2,000,000
Commercial
810,000
Mechanics’
800,000
500,000
Bank N. Liberties.
5,569.600
2.621,000
2.113,600
2,722.000
1.263,011
1,038,191
l,21i,400
2,171,972
2,583,400
Southwark
250,000
Kensington
250,000
500,000
400,000
Penn
Western
1,000,000
Manufacturers’
Bank of Commerce
Girard
Tradesmen’s
Consolidation
300,000
•
100,000
300,000
500,000
500,000
Commonwealth..,
Corn Exchange..,
Union
1,000,OOC
'300,000
150,000
First
Third
Sixth
Eighth
Central
Bank of
2,isi
578,000
736,481
196, l.-( 0
l.oot*
9,449
856,541
453,000
211,941
1,116,000
418,000
....
454
10,000
4,000
Security
..
191,379
299.127
191,’-59
231
2.879
2.000
1.076,000
10,000
1.476.000
113 000
3.7,000
129,000
111,000
211,000
4.163.1X10
2,176,000
673,000
T >tal
$132,184
1.537,800
58’,957
3.152, DUO
1,073,040
718,973
875,811
544.318
2,40! ,UUU
1.495,000
4,089,000
872,800
471,000
311,000
3)9,964
213,000
450,000
356,000
791,00(1
262.290
135,0(10
219,3:0
240 0 0
945,000
400,000
738,000
183,000
$16,715,736 $11,375,592
of previous week are as follows:
#546.630 « Deposits
Inc. #361,878
Dec.
4,023 I Circulation '.
Dec.
57,357
Dec.
64.992.1
Tne deviations from the returns
..Inc.
Loans
Specie
Legal Tender Notes
STOCK PRIVILEGES.—Alex. Frothinglmm & Co., hankers, 12 Wall street, quote
prices for the present for gold and stock privileges sjs follows.
Double privileges
-Variations from market¬
cost double the Amount named :
Price
for 30 days.
Amount
controlled.
American gold coin
Western Union Tel. Co
Pacific Mail S. S. (Jo
each.
Erie Railroad
Harlem Railroad
Lake S. & Mich. South. RR. Co..
Union Pacific Railroad
Chicago A Northwest, (comm n)
Chicago A Kook Island
Milwaukee & St. Paul (cotnmon)
Toledo, Wabash A West. RIi
Ohio &
Mississippi RR
Hannibal A St. Joseph
C..C.& I. C. RR
N. Y. C. & Hudson Riv. RR
$10,(XX)
$56-25
100 shares.
100
100
100
100
100
100
100
100
100
100
100
ux)
100
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 25
1(K) 25
106 25
106 25
106 25
106 25
1
Co. S.bonds,7e,’15,’76,”7
Chicago Relief hr n s, 13•
.
..
erin
J,np., (is, g, 1391
do
7s, D9!
Market Stock bonds, 7s. 1892..
Water Stock bonds 7s, 1901...
*•
**
7s, 19(3...
Bid. A sk
89
'...
....
.
S3
9o
....
....
....
\
IJind. Loan (Co-g ) 3.6‘,s. 1924
.
Water Stock fis 1369
“
“ la 74.
5 year
...
Cers.,7 3-10, 1875
Pen year Bonds, tis, 1S78
Fund. Loan (Cong ) 6 g, 1892..
is
1%
1%
1%
1%
1%
....
70
...J
...
9S
100
1
1
87
....
....'
1*
1%
IX
IX
yx
y-x
1%
1%
do
do
do
do
do
Cin.,
preferred
Sandusky & Clev.stock.
Concord
Connecticut River
Connecticut A Passumpsic,
pf.
4 “8
49
69
9
9%
58 X
(Mass.)
48
(New Hampshire)....
130* 131
Fitchburg
Manchester & Lawrence
ICO
97
Nashua & Lowell
97
Northern ot New Hampshire..
131
130
Norwich* Worcester
38
38)4
Ogdens. & L. Champlain
86
i
do
do
pret... *80
111S 111%
Old Colony
It 5
106
Port., Saco & Portsmouth
4
3X
Rutland common
19^ 20 Xdo
preferred
51
50
i
Vermont & Canada
*88
Vermont A Massachusetts.....
125* 126X
Worcester & Nashua
Eastern
Eastern
....
PHILADELPHIA.
BONDS.
8TATK AND CITY
101
PennaylvaniaSs, coup
do
do
do
do
10-15, 2d... ’.03
ill
15-25. 3d
102
105),
105
6s, new
do
105>;
.
Philadelphia 6s, (Id
77
Pittsburg 5s
103
do
7s
105
New Jersey State 6s, Exempts
Uamden County 6s
Canulen City 6s
... ....
104"
103)6
103)6
105
101
7s
do
Delaware 6s
107
95”:
91
91
75
| Ask
j
j
1
93
....
pref
do
Phil.* Read.
do
C.&LCo.deh.7s’9‘*
mtg. 7s, ’92 9!
East
41
91
IS 75
90-%
91
'.()>.
North Pennsylvania. ..
Oil Ct eek & Allegheny River.
Penisyivanla....
Philadelphia & Erie
Philadelphia* Reading..:..
Philadelphia * Trenton
50
8
62%
16
63
49
.
53)6 53)6
54%
33
52
33)6
52)6
9%
9%
21X
55%
5..%,
128
56 X
‘
130X 130%
United N. J. Companies
West Chester consol. pref
West Jersey
54
.
CANAL. STOCKS.
pref
Schuylkill Navigation
do
pref.
Susquehanna
56
...
••••
51
50%
Lehigh Navigation
Morris
51
128X
do
7%
..
90 %
91
90%
91
15*'
14%
7
....
•
•
.
....
•
•
.
•
.
....
....
....
....
gold, ’97 I0i)4
do
Morris, 1 st M.,6, 1897
2d M., 1876
do
do
boat, ’85
Pennsylvania 6s, 1910
...
.
95“
....
.
Susquehanna 6s
•
BALTimOHE.
Maryland 6s Jan., A. J * ()
do
6s, Detence
.
.
.
•••
•••
•
...
80
•
102),
•
t
iOOX 101X
101
111
101
«...
102X
93%
105% 105*4
95)6 96
166"
97
92
9836
92
93
5
90
81
185* *
ISO
12
44 X
5
104
107
do
bonds, short
do
bonds, long.
Cin., Ham. & D., 1st M., 7, 80...
do
2d M.,7,’85
do
3d M., 8,77...
Ham.* Ind.7sguar
Cin..
Cin. & Indiana, 1st M.,7
do
do 2d M..7.1877
do
do
...
18
97
100
93
91
97
93
81
90
9U
95
dep.hds,7,’8l-’94.
94
103
107
115
100
92
80
95
98
88
Dayton & West., 1st M.,7, 1905.
do
do
1st M.,6,1905.
Ind., Cin. & Laf., 1st M.,7
do
(I.&C.) 1st M.,7,1888
94
1(5
108
103
t-8
1(3
95
102
85
c«5
102
93
1(0
83
90
Colum., & Xenia, 1st M./7, ’90.
Dayton A Mich., 1st M.,7 81..
do
do
2d M.,7,’84..
do
do
3d M.,7.’88..
18
75
76
91
94
63
103
42
103
1C l
2(5
92
93
Little Miami, 6, 1883
Cin. Ham. & bayton stock.. .. 61
H’2
Columbus * Xenia stock
40
Dayton & Michigan stock ....
1(2
do
8 p. c. st’k guar
.
204
84
84
f4%
14
15
95
85 X
S.5
S(
84
(9%
72%
9H X
73)6
86
SS
75
76
85
86
87 X
95
'3
15
87
94
84
84
98%
J8%
'9%
S3
c4
88%
89)6
7
8
89)6
6
4
T
•
•
.
.
.
...
....
....
-
25
3‘%
.
.
•
....
T
7-308
.
•
¥
.
... .
80
92
.
•
.
-
.
....
•
•••
•
•
....
,
1C3* *
•
Parkersburg Brand
....
•
toi.%
107
Baltimore Cs of’75
do
1884
do
6s, 190C
do
1890, Park 6s
Baltimore * Ohio 6s of ’75
do
do
6s of ’80...
6s of ’85
do
do
Central Ohio, 1st M.,6
.
Marietta & Cin., 1st M.,7,1891
do
2d M.,7,1896
do
Norfolk Water 8s
North. Cent. 2d M., S. F., 6, ’85
do
do 3d M., S. F., 6,1900
do
do 3d M. (Y. A C)6,’77
do
do Cons, (gold) 6,1900
Pitts. & Connellsv., 1st M.,7, ’98
do
1st M., 6,1889
do
West Md.lstM.,endorsed,6,’90
do
1st M., unend.. 6,’90
do
2d M.,endorsed, 6,’90
Baltimore & Ohio stock
....
.
....
....
iy
•
.
•
....
i66x
81
80
*9
92
.8
93
93
do
2d m., 68,1907
do
m. 6s. c.. ’95..
do
6s, imp.,’80...
do 6s, boat & ca'-,1913
do Es.boat & t ar.1915
do
scrip....
do To’do
....
•
Cit einiiHt Gas. stock
92%
Allegheny Val. 7 3-10s. ’.396 .
86
LOUISVILLE.
39%
do
7s E. Ext..1!LC
64
Louisville 6s, ’82 to ’87
do
Inc. 7s end.’94.. 55
do
6s,’97 to’98
102%
vldere Delaware.1st m,8,’7: 97
94
do
Watei 6b, ’87 to ’89..
do
2d M. tis.’Sf 93
9;
do
Water Stock 6s,’97.
92%
3d M. 68,’81
do
do
97
do
Wharf 6s
Camuen & Amboy, 6s, ’83....
95 X
do
special tax 6s of’89.
,1c
do
6s, ’89
103%
Jeff., Mad. A I,lstM.(I*M)7, ’81
do mort. 6s,’89.
do
107
do 2d M.,7,
do
a. A Atlan. 1st m, 7s, g. 19(2
do
do 1st M.,7,1906
100%
do
2d do 7s. 1830...
90
I oulsv.C.A Lex.,1st M.,7, ’97..
Cam. A Burlington Co. 6s, ’97.
1 ouis. * Fr’k., 1st M.,6,’70-’78..
Cape May & Millville 7s
104
do
Louisv.Loan.fi.’Sl.
dar.awissa, new 7s, 1900
73
L. « Nash. 1st M. (m.s.) 7, ’77..
uga Lake let m. g. 7s, 1901
91
do Lou. Loan (m.s.)6, ’86-’8'.
i
Connecting 6s 19(K)-1904
20
do
co
(Leh. Br.)6,’86
Dan., II. & Wilkes, 1st m.f7L’,’S?
i 99%
101 x
do lstM.(Mem. Br)7,’70-’75
Delaware more. 6s, various
i:ou
do IstM.(Leh.br.ex)7.’80-’8f
East Penn. 1st nort.7s,’88... .
do
Loa.L’n(Leh.br.ex)6,’9:
El. & W’msport, 1st m, 7b, \3C. 101
do Consol. 1st M.,7, 1898....
do
do 5s.ptrr 60
Jefferson., Mad. & Ind
Harrisburg 1st mort.6s,’83.... 101
104 >4
Louisv., Cin. & Lex.,pref
H. & R. T. 1st mort. 7s, ’90
101
do
do
common.
do
2d mort. 7s, *75...
57
Louhirille & Nashville
do
3dm. cons. 7s,’S5. 56
104
ST. LOIJIN.
Ithaca & Athens g. 7s, *90
92%
St Louis 6s, Long Bonds... .
unction 1st mort. 6s, ’S3
.*
Ao
Water 6s gold...
Jo
2d
do
1900...
;c2* :03*‘
do
do
do (lien/
Lehigh Valley, ♦*•, 1898
North Missouri. 1st M 7a
do
do
Jo
reg, 1898 103
At.* Pacific guar, land grants
do
do
do
7s. 11*1(1 107
95
•66*
2d M.
do
do
do
con. m. 6s, 1923
1(H)
Pacific (of Mo.) Is* \1. gld..
do
do
do reg 1923 95
2(lM.bds.
do
do
Little Schnyl kill. 1st M..7. 1877. !C0
do
stock
do
Northern P* eifle 7 3-i0s. 19t0.. 20%
102
Kansa?. Pacific stock
102%
North Penn. 1st in, 6s, ’85
do
1st M gld6s.J. A D.. 1
do
2(lm.7s,’96.
do
do
do F.AA 1
no
gen. M. 7s, 1093.. 104
*
And Interest.
Oil Creek & Ala. R.. con. 7s.’88 61X 61%
....
96)4
96 K
....
KAILKOAD BONDS.
»
....
•
....
■m
15%
2\%
.
T
..
...
....
•
Cincinnati Southern RR. 7.30s 101
Ham.Co.,Ohio6p.e. long lids, 92
>1
do
do
7 p.c.,1 toftyrs
do
do
lg bds,7 * 7.30* 105
Cin. & Cov.Bridge siock, pref 110
1
93
Norristown
Northern Central
•
Phil.. Wilm. & Bal.,6s, ’84
*7X 78
Pitiu., Cin. & St. Louis 7s..
‘0
Shamokin V. & Pottsv. 7s, 1! GI
Sunbury & Erie 1st m.Ts,’77. loos
93
102
Ui.itedN.J.c ns. m. 6s, 91.
80
Warren & F. 1st m. *s,’96..
101
107
West Chestercous. 7s, ’91.. ..
99
West Jersey 1st in. 6s, T6....
107"
do
do 7s, ’.397....
73“
Western Penn. RK.6s, 1?93...
52
Wi lining. * Read.,1st M.,7.19(V
do
do 2d Mort. 19tX
do
Elmira* Williamsport pref.
«
•
....
7s. 7 892.
do
do
Cincinnati 5s...
do
6S...
do
7s...
.
1876
1377
1S78
Series.
Certificates,Sewer, 8s, 1871-77. 74)i.
Water Certificates, be, 1877.
H 90 j
....
CINCINNATI.
19%
43»
38%
new pref
do
Elmira* Williamsport
.
.
•
Central Ohio
do
preferred...
49
50
Camden A Atlantic
do
do
pref
Catawissa
....
•
...
Schuylkill Nav. 1st in. 6s, ’97..
60
58 X
47 S
„
f
90*
Cers. Gen. Imp.Ss, 1871
Cheshire
•
•
••
....
....
1
Did.
1
in Nebraska
do
.
•
85X 86
Philadelphia & Reading 68, 8 D 101% 102X
110
do
do
7s, ’9 3 108
do
del), bonds,'9 ) <9
107
do
g. m. 7s, c. 191
10,*4
do reg,191
do
do
new conv. 7s, 189:
110X 110%
Burlington & Mo. in Iowa
.
1%
2%
Fund. Loiiii (Leg),is.g, ;9e2..
1 Ce. ;..ol Stock G;23) 5s, at pica:
“
i
U813)6s, at pleas
r dies. & (). st’k (’47) 6s. at pica-:.
....
/4
1*
}%
bS><l I Board of Public Works—
69 X
1
A/*
1
„
%
13#
1%
1
1
s’
108
.
1%
‘X
“
■■
Calls
above.
PRICES.
I). U
WASHINGTON,
Puts
below.
%
90
94
..
0^
X!
Nesquehoning Valley....
270,000
•
21
Verm’tCen., 1st M.,cons.,7,’86 20
•)
5
do
!
2d Mort., 7.1891...
CANAL BONDS
tHJ
Vermont & Can., new, 8s..
Delaware Division 6s, ’73
9S
97
Vermont A Mass., 1st M. 6,’83.
99%
Lehigh Navigation 6s, ’81
uix
Boston A Albany stock
do
RII, ’97.... 100)4
Boston A Lowell stock
96
do
’77
122^ 123
Boston & Maine
do
conv , *82 102
156
156S
Boston A Providence
1(5
do
conv., g,’94
Minehill
540,000
$16,023,336
X)*) I,
7s
i 79.000
2.539,269
811.000
....
new
201,345
161,760
210,900
537,0(0
4,013,000
...;
Rutland,
600,000
218.0 0
642,434
319.455
355,000
103,000
15,000
funded debt 7s
Ogdensburg A Lake 4 h. bs—
Old Col. A Newport lids, 7, ’77
....
....
.
Pennsylvania
Harrisburg Lancaster* C....
Huntingdon & Broad Top
do
do
pref.
Lehigh Valley
LlttleSchuylklll
1,182.000
LlOO.iXX’
750,000
1.000,000
250,000
1,264,40)
2,2 *1,01X1
1,3;8,659
268.700
<59,107,91)0
Republic..
454.000
284.900
593.00C*
590,000
250,000
275,000
Seven Mi
7-11.000
1.000,000
6 i 2,U0
472,000
422,000
212,0-3
1,710
3,876,000
1,425.000
1,176,340
1.419,096
790,801
2.172,000
1,715.000
4,151.000
977,230
1,000,000
200,000
#1.000,000
3,837,000
4.674.800
1,586,000
3.5( 0
7 40 2.50
250,000
City
34,810
#3,418.000
1,267,000
1.714,100
4.936.000
North America
100X
Eastern Mass.. 7s
I ml. Cin. A Laf. 7s, 1869..
equipment 10s.
191 J
.
Burlington & Mo. land gt.7s
do "
do Neb. Ss, 1394. too
do
do Nth. 8s, 1883.
KAILKOAD STOCKS.
$1,345,000
$33,000
$5,080,000
1,000,000
Philadelphia..
1(3
102)i IOO4
do
Municipal 7s
Portland 6s
68
69
Atch. A Topeka 1st m.Ts ....
do
land gt. 78....
36 k
2d 7s.,
(1 >
100)4
do
land inc. 12s.. 100
Boston & Albany 7s
It'S
Boston A Maine 7s
do
S3
99%
99%
Phila. & Erie 1st m.6s,’81 —
do
2d m. 7s. ’88
101
...
Harrisburg City 6s
Total net
gen. in. 1910
do
gen. m., reg.,
Perkiomen 1st m.6s,’97
112
do
Ask
.
Chicago Sewerage 7s
(HI
weeks past:Circulation
Deposits.
Specie. Legal Ten dors.
2.076.600
9,547,200
9,419,900
1,759.800
9,169,009
1.375.600
Loans.
Dare.
210 80C
1.405.30C
9>:2.( 00
1 23 2IIC
912.30,1
9CO.6G0
754,100
Loans
Feb. 8
Feb. 15
Feb.23
March 1.
Mar h 8
March 15
March 22
March 29
310.091
349.90.’
1 03 k9(0
Total
f50,050,000 #132,546.400
#533.700 ?8,710.600
The total amount “due toother Hanks.” as per statement of
Soecie
Legal Tenders
116 6 ()
777.H10
92,800
123.700
79.300
1,200
2.635,COO
439.7i-(l
853 SIM)
197.500
178 100
211.9C0
8(0
9(0
221.400
1,015,900
95,600
236,1 CO
250.8(H)
i 12,500
393.000
133/00
499.400
159,500
S76,(’00
56,50(1
182 200
400
53,600
3 47.1'00
7.183,300
353 3011
68.700
219,(Sl(l
122.600
M9?3l)l)
11.500
351.3’0
I Bid
SKUtTRITIKS.
•*o
7(53 5( 0
476.800
784.7(H)
117.700
378.30(1
172.100
173.100
43.1(10
4.70U
It 3
6s..,
Boston 6s, Currency
do
Ss.gold
216.600
9,900
7,1‘X)
3.141.906
1.292.500
3,415.706
2.063.100
4,403.400
4.742,700
1,000,000
Exchange
Hide & Leather
9.”00
S6.200
11.8C0
12.100
3 666.600
300,000
2,000,000
1,000,000
Commonwealth
City
Eagle ....
id)
3,1:35.910
1,600.000
Sicond (Granite)...
Third
Bank of Commerce
Bank of N. America
B’k of Redemption.
Bank of Republic...
5,400
103X
154,700
146.11 0
571.00)
856.300
889.700
829.21X1
749.900
C29.20H
86.600
59.3(H)
236.700
102.900
1.531.500
68.100
86,0(0
291.300
1S.UC0
600,000
2,000,000
750,000
1,000,000
Tremont
112,700
2,794.900
3.110,1(0
2.191.600
2.622.800
1,000,000
1.500,000
Traders
99 ;oo
14,8 6)
New Hampshire,
Vermont bs
iLTlHIIliE. &*.
Oil Creek 1st m.7s, ’82...
Penn* N.Y.C.&li Ii’96-1. 7s.90 6 106
Pennsylvania, 1st M.,6, lSIO.. 103
r
iiosroN.
1
Massachusetts 6s, Gold........
do
58, Gold
.765.200
467.800
1,115.510
153,500
79,600
193.200
4,260
Maine 6s
Bid. Ask
.
484.51X1
S93.200
60,MX)
57,800
1,000,000
Suffolk
74,500
9,100
S KOI1 KIT IKS
858,700
1( 3.600
10.252.400
637. M0
200,000
850.800
(IMITATIONS Pi BIISTIIN, PHILADELPHIA, B
713,200
263,200
635,600
91,900
7.800
16.200
769.11M
759,900
576,500
1,949.9(0
65,. (X)
’sou
1.649,700
2.060.800
1.422,100
826,200
34.0.X*
•
2,000
'
1.069.500
800.000
400,000
3,000,000
•
2*300
1,833,800
2,52“.80l)
800,000
Massachusetts
Maverick
Merchants.
Mount Vernon
•
4*,(XX)
2. <88.51 0
500,000
Manufacturers
Market
•
2.507.500
856,600
2,827,300
1.791.500
100.000
1,000,000
Rverett
9,SCO
8,600
1,»U0
2,032.600
1,000,000
allot
MX)
$137,500
$498,900
$53,400
68,400
281.(00
111.300
78,000
$7‘X)
*1.510,200
3.119.100
4,449,7CU
2.245,600
1.34:3.700
487,200
1,107,400
2,590.600
$750,000
Atlantic
333
THE CHRONICLE
April 3, 18'5.]
*95%
02 %
96)6
02
85
86
40
37
-
-
*
r
90* *
78
l- X
s*x
62
67%
79
49
9%
05
United States
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
Bonds ana active Railroad Stocks are quoted on a previous page and not repeated here. Prices represent the ier
cent value, whatever the roar may he.
“ N. Y. Local Securities ” are quoted in a separate list.
9781
Bid. Ask.
SECURITIES.
41
Railroad Rond*.
47
6s
do new bonds
do new floating
do
do
2d
3d
do
do
do
do
1876.
1877
1878.
do
do
do
uo
95
48
96
100
98*
97
101
101
%
%
no
no
115
20
do
7s of 1871
construction
Eric, 1st mort.,
extended
Funding act, 1866...
106*
102*
/
87
j
....
(lo
(lo
do
do
do
do
do
do
....
e
91
1
Bur.,C.
....
99
85
(
(Cairo &
40
no
103
Land m. 7s...
do
2d S., do 7s... 100
do
do
3dS.,do 8s... 100
4th S., do 8s.. 102
do
do
5thS.,do 8s... 10*2
6th S., do 8s. . 102
do
Creston Branch 105
do
do Chariton Branch 105
40
R. & M. (M. dlv.), g. 7s. 51
Fulton, 1st
...
60
...
do
....
Chic. & Southwestern
....
95
100
SO
85
35
101
ros
t
104*
102*
10*2 X
105 X
105
40*
ioi’
104
95
ioo
101
95'
RR. 7s..
'
.
....
'
105
do
do
2d mort..
: 103*
Mich. So. 7 p. c. 2d mort...
». 10,*
Mich. S. & N. Ind..S. F.,7
105
Clcve. & Tol. sinking fun*
100
do
do new bonds.
102
do
do
99
.
102
Railroad Mock*.
(Active previously quoted.)
Albany* Susquehanna
98*
x71
103
Cen nil Pacific
99V
110
Rensselaer & Saratoga
Rome, Watertown & Ogdens.,
7*
ftt. Louis, Alton & T. Haute...
do
do
do
pref
Belleville & So. Illinois,pref.. 26
St. Louis, Iron Mount. & £outh. 16
11T
27"
•••
70
45
....
50
60
(!8
100
85
75
Is
Land grants,1
do
do
s.
..
Pacific R. of Mo., 1st mort.
do
1st Caron’
do
do
do
2d mort..
97
96*
91*
90
B.
78
do
do
do
do
do
do
2d l
do
3d l
consol, s.
3d mort
4th mort.
t.
..
"do"
105*
do
..
51*
is
•
•
•
st
..
do
ST*
...
106"
74
82
87
57
70
62
78
...
80
78
50
43
55
45
...
47
65
70
New Orleans5s...
do
consol. 6s
do
bonds, 7s..
do
gold 7s, quarterly
do
10s
do
to railroads, 6s..
Norfolk 6s
37
40
50
42
68
70
85
90
Petersburg 6s
Richmond 6s
Savannah 7s, old
do
7s, new
90
65
Wilmington, N. C., 6s, gold....
Uo
do
8s, gold....
80
20
do
do
2d mort. 7s....
Atlantic & Gulf, consol
do
do end.Savau’h.
do stock
do
do
do
do
guar...
Carolina Central 1st in. 6s, g...
Central Georgia 1st mort. 7s... 100
do
consol, m. 7s. 90
55
do
stock
Charlotte Col. & A. 1st M. 7s... 62
do
do
stock
Charleston * Savannah 6s, end
Savannah & Char. 1st m.7s....
Clieraw & Darlington 7s
East Tenn. * Georgia 6s
East Tenn. * Va. 6s, end. Tenn
E. Tenn. Va. & Ga. 1st in. 7s...
do
do
stock
Georgia RIL 7s
do
stock
Greenville & Col. 7s, guar
do
do 7s, ccrtlf....
stock
do
.
85*
Mississippi & Tenn..1st m. 7s..
2d
do
15
12
100
100
95
100
50
m.
8s,gld
15
91
23
100
30*
gold..
IL, Ft. S. & Gulf lstm. 10s. r»i*
do
do
do 2u in. 10a.
N. J. Midland 1st 7s, gold
2d 7s
do
N. Y. & Osw. Mid. 1st 7s, gold,
do
do
2d 7s, conv.
do
West. Extension 7s.
N. Haven, Middlet’n & W. 7s.
North. Pac. l6t m. gold 7 3-10s
do
Land warrants....
35’
20
3
do
do
consol.Ss.
Montgomery & West P. 1st 8s.
do
do Income
Mont. & Eufaula 1st 8s, g. end.
Mobile & Mont. 8s, gold, end..
Mobile & Ohio sterling
do
ex certif
do
do
do
do 8s, interest
do
do 2d mort. 8s
do
do stock
N. Orleans & Jacks. 2d m. 8s...
do
do ccrtlf'sSs..
N. Orleans & Opelous. 1st m. 8s
Nashville & Chattanooga 6s...
Norfolk & Petersburg 1st in. 8s
do
7s
do
2dm. 8s
do
do
Nortbcastorn, S. C., 1st 111. 8s..
do
2d m. 8s...
Orange & Alexandria, lsts, 6s..
2ds, 6s..
do
do
do
do
3ds, 8s..
do
do
4ths, 8s..
Rtclim’d * Pctersb’g 1st m. 7s.
Rich., Fre’ksb’g & Poto. Gs....
do
do conv.76
Rich. & Danv. lRt consol. 6s...
Southside, Va., 1st m. 8s
do
2d m., guar. 6s.
do
3d 111.6s
...
do
4th m. 8s
Southwest RR. Ga,lstm. ..
do
stock
S. Carolina RIL 1st 111. 7s, new.
do
6s....
do
7s
do
stock
West Alabama 8s, guar
PA81' DUE COUPONS.
20
Virginia coupons
do
consol, coup
Memphis City coupons,...,,,,,
30
52
42
72
ir
SO
7’>
1U2
95
57
67
35
62
70
90
72
72
85
6(1
9-2
80
54
50
78
81
88
90
15
85
72
12
65
85
74
90
86....
Tennessee State coupons
27*
80
70
43
53
67
75
60
25
60
72
65
60.
50
10
97
89
85
80
.
Mo.
...
L1105
85
Memphis & Little Rock 1st in..
Mississippi Central 1st m. 7s...
25
Mo., Kansas & Texas
.
....
97* 100
.
66
70
Monticello * P. Jervis 7s, gold
Montclair 1st 7s, gold
lio
*
98
40
60
68
55
75
27* 32*
Montgomery 8s
Nashville 6s, old
do
6s, new
do
85
68
70
65
62
70
Kal., Alleghan. & G. R. 8e,guar
Kal. & White Pigeon 7s!
Kansas City & Cameron 10s
Kan. C., St. Jo. & C. B. 8s of ’85
do
do
do 8s of '98
Logans., Craw. * S. W.
Michigan Air Line 8s
79
io"
98
90
100*
do
No. 16...
Stock
Kalamazoo & Sout h IL Rs. guar
Louisiana & Mo. Riv. 1st in. 78.
71
100*
•t. 109%
t. 104%
D.
*
62
40
71
Memphis & Charleston 1st 7s..
do
do
2d 7s...
85
70
65
do
do
97*
96*
91*
90
•
Macon & Brunswick end.7s...
Macon * Western stock
Macon & Augusta bonds
do
do
endorsed....
do
do
stock
80
..
do
m
50
6-1
95
....
..
114** 111*
...
60*
100
70
75
..
.
do
65
50
....
98~
.
RAILROADS.
92*
|Iowa Falls & Sioux C. 1st 7s...
Indianapolis & St. Louis 7s —
jHouston *jGt. North. 1st 7s, g.
...
..
....
62
••••
HO* 111
do
reg....
do
North Missouri, 1st mort...,
99
Ohio & Miss., consol, sink, i'
96
■...
do
do
consolidated,
.; 73
do
do
2d
do
98-X *:::
Central Pacific gold bonds,
85**
do San Joaquin hr’i :h 84*
do Cal. & Oregon 1st.
S6*
103
Is 105
do
State aid
91*
Western Pacific bonds..
30
20
Toledo, Peoria & Warsaw
Toledo, Wab. & Western, pref.
I?Ii*cellaiieo(m.Mo<kn
28
103* 104
•
,
.
Ala. & Cliatt. 1st in. 8s., end....
Ala. & Tenn. R. 1st mort. 7s...
95
IK)
40
105
25
40
40
58
Fort W., Jackson & Sag. 8s
Grand R. & Ind. 7s, gold, guar. 102
85
do 7s, nlaiu
do
95
Grand River Valley 8s.....
Hons. & Texas C. 1st 7s, gold.. 85
Indiana]).* Vincen. 1st 7s, guar SO
104
.
•
§
•
F. L. bds.
95
.
96*
special..
101* 101*
93
94*
94*
bonds....
25
99* 102** i International (Texas) 1st g.
I lnt., II. & G. N. conv. 8s
90X
96*
Jackson, Lansing & Sag. 8s—
97
Jack., N. W. & S. E. 1st in. g.7s
101
Kansas. „Jac.7s, extension,gold
do
7s, land grant, gld
da
7s,
do new gld
do
6s,gld, June&Dec
..* no* Ill*
do
6s, do Feb. * Aug
do
1st in., reg.,
do
do
7s, 1876, land grant
do
no
7s, Leaven, br’nch
iii"
ii6*
do
Incomes, No.11...
Harlem, 1st mort. 7s, coup..
Pacific of Missouri
Pitts., Ft. W. & Chic., guar
105
102*
.
Chicago & Alton
106X 103
do
do pref
112* U3 *
Chle., Bur. & Quincy
Clove., Col., Cin. * Indtanap..
32
92*
Cleveland * Pittsburg, guar...
52*
Dubuque & Sioux City
Erie pref
Hannibal & St. Joseph, pref... 31 * SIX
102* 102*
Illinois Central
Indianap. Cin. & Lafayette
Joliet * Chicago
Long Island
Marietta * Cin., 1st pref
do
2d pref
73% 75 *
Michigan Central
99* 100
Morris * Essex
Missouri, Kansas & Texas.
~7* 's*
New Jersey Southern
139
N. Y., New Haven* Hartford.
63
Ohio A Mississippi, pref
gold.
Evansville & Crawfonlsv.,7s..
Erie & Pittsburg 1st 7s....
do
do
2d 7s
do
do
7s, epuip
Evansville, Hen. * Nashv. 7s..
Elizabethtown & Padu.8s,con.
Evansville, T. IL & Chic. 7s, g.
Flint * Pore M. 7s. Land grant.
100
Buffalo & State Line 7s
Kalamazoo & W. Pigeon, 1st
Lake Shore Dlv. bonds
Cons, coup., 1st.
do
do
Cons, reg., 1st...
do
Cons, coup., 2d..
Cons, reg., 2d....
do
Marietta & Cin., 1st mort—
Mich. Cent., consol. 7s, 1902 .
1st m. fis, 1882, s. f.
do
do
equlnm’t bonds.
New Jersey Southern, lstm. s
do
consol. 's
do
New York & New Haven 6s...
;
N. Y. Central 6s, 1888
do
6s, 1887....
do
6s, real esti
l.
do
6s, subscri;
do
7s, 1876....
do
7s, conv.. 1
do
7s, 1865-76.
'
58*
Dutchess & Columbia 7s
Denver Pacific 7s, gold
Denver * Rio Grande 7s,
: 90*
■
55
103*
100
s
.
do new bonds, 1866..
(lo
do
1867..
do consol, bonds —
do ex matudeoup.
do consol. 2d series,
do deferred bonds..
Detroit, Hillsdale* In. RR.8s.
Detroit & Bay City 8s guar....
Detroit, Eel River & Ill. 8s
Det., Bans. & Lake M. 1st m. 8s
do
do
2d in. 8s
; 26
95
6s, g
do
new bonds, 6s
do - cud., M. & C. RIL
Mobile 5s
do
8s
46
58
75
....
IOO*'
91
20
...
nonds
Memphis old bonds, 6s
43 2 103
d* 103
American Central 8s
106*
'
%'
92
Macon 7s,
O. (). & Fox
-c
95*
Lynchburg 6s
110
Quincy & Warsaw 8s
Illinois Grand Trunk
Chic., Duh. & Minn. 8s...
Peoria & Hannibal IL 8s..
Chicago & Iowa R. 8s....
35
Columbia, S. C\, 6s
Columbus, Ga., 7s, bonds
do
do
Keokuk* St.
...
Augusta, Ga.,7s,
Charleston stock 6s
Charleston. S. C., 7s,
55
(
Qantral
114
105
47*
•
.
Atlanta^ Ga., 7s
Ss
do
70
Land grant 6s,g
Dixon, Peoria & Han. 8s.
IL Valley 8s.
.
25
CITIES.
105
of Iowa 1st m. 7s, gold
2d in. 7s, gold
ioi*
Paul 8s...
101
O'
Carthage & Bur. 8s
101
...
94*
•
95
100
75
Securities.
•Southern
111
7s,gold
t
California l’ac. liR. 7s, gold...
do
6s, 2d m., g
(
Canada & Southern 1st 7s, gold
Central Pacific 7s, gold, conv..
....
92
90
70
Wisconsin Valley Ss
30
42
45
/
84
RR. Ss
Oswego & Rome 7s, guar
Peoria, Pekin & J. 1st mort....
Peoria & Rock I. 7s, gold
Port Huron & L. M.7s, gld, end
do 7s, gold...
do
Pullman Palace Car Co. stock.
do
bds, 8s, 4th series
Rockf’d, R. I. & St. L. 1st 7s, gld
Rome & Watertown 7s
Rome, W. & Ogdensburg 7s...
Rondout & Oswego 7s, gold...
Sioux City & Pacific 6s
South Pact fie 6s, gold
Southern Minn, construe. 8s...
do
7s
St. Jo. & C. Bl. 1st mort. 108...
do
do
8 p. c.
St. Jo. & Den. C. 8s, gld, W. I).
do
do
8s, gld, E. D..
Sandusky, Mans. & Newark 7s;
St. Louis, Vandalia & T. H. 1st.
do
do
2d,guar
St. L. * So’castern 1st 7s, gold
St. L. & I. Mt. (Ark. Br.l 7s, g.
Southern Central of N. Y. 7s...
Union* Logansport.7s
Union Pacific, So. branch,
Walklll Valley 1st 7s, gold
West Wisconsin 7s, gold
Itllwcellaneous List,
ai*
103**
.
endorsed
2d mort., 7s, 1879
do
Omaha & Southwestern
103
84
Virginia 6s, old
bonds.
...
Wl*
1876
,
L. I., 1st m.
.
105
American District Telegraph.
Boston Water Power
nnton Co
Baltimore
ent. N. J. Land Improv. Co.
Delaware & HudsonCanal....
American i;oai.
Consolidation Coal of tod...,
107*
‘
do ex coupon.. .
do new bonds...
do
ex coup
do
do
do new series
do
h
• • • •
‘
‘
I
S
\
Bid. Ask
SECURITIES.
.
’91
1884
18'
‘
Special tax, Class 1
do
60*
Chesapeake & O. 2d m. gold 7s 85
Col. & Hock. V. 1st 7s, 30 years
99
100
do
do
1st 7s, 10 years
8(1 do
7s, 1883
96
98
do
do
2d 7s, 20 years
4th do
7s, 1880
98* Chicago, C. & Duh. 8s
5th do
7s, 1888
104
Chicago, Bur. & Quincy 7s
7s, cons. mort. gold bds 103*
Chic. & Can. South. 1st m. g.7s
Long Dock bonds
90
so’
Ch. D. & V., I. dlv., 1st m. g. 7s.
Buff., N. Y. & Erie, 1st m.. 187'
87
30
do
do large bds
do
Chic., Danv. & Vlncen’s 7s, gld
102*
Connecticut Valley 7s
Han. & St. Jo. land grants....
S4* 85
Connecticut Western 1st 7s....
do
do
8s, conv. mort..
Illinois Central, 7 p. c., 1875...
Chicago & Mich. Lake Shore..
Dan., Urb., Bl. & P. 1st m. 7s, g
162* Des Moines & Ft. Dodge 1st 7s.
2d dlv
do
do
do
do
do
do
do
do
do
1868
New bonds, J. & J..
do
A. & O
Class 2
Class 3.
i.,
do
do
do
do
....
U2*
US*
’.
bonds
58
63
108
.
2d mort
1893..
I
....
103
.
do
do
do
55
58**
2d mort.,
72
«1
do
do
do
do
do
79*
(
.
ImPs.lstm.7s. S. F,
do
Funding act, 1866..
Land C, 1889, J. & J
Land C, 1889, A. AO
7s
of 1888
nonfundable bonds
Tennessee 6s, old
'
2d mort.
do
C.,C.,C.&
do
do
do
do
do
do
do
....
....
...
do
50
1
i
1
....
95
94
Peninsula, 1st mort., conv.
110
no
110
40*
45
79
57
?
::::
do
do
do
83
do
do
S3*
do
do
do
do
do
do
do
do
do
do
1st Consol.
do
do
75
2d m.
do
do
do
103
Chic. & N. Western sink. fund.
100
iut.
do
do
90
do
do
85
do
do
98
1st mort..
do
do
S4X
do
cp. gld.bd
do
83
reg. do
do
do
Iowa Midland,. 1st mort. 8s.
106*’
ilena & Chicago Extends
102*
do
do
2d mort.
106J* 107
IO6I4 107
S3*
convert..
60
IG
50
si*
101
con.
do
109
102
108
90
37*
equipm’t bds.
83X
64 X
I
...
...
....
do
do
do
I
.
Chicago, Rk. Island & Pacific 107* 107*
Central of N. J., 1st in., new.. 110*
do
do
1st consol.... 104* 104*
do
do
2d mort
debt
Ohio 6s, 1875
do 6s,18Sl
6s. 1886
do
Rhode Island 6s....
South Carolinafls
do
Jan. & July
do
April <fc Oct
do
•
...
do
do 1876.
do
Jo 1886.
do
do 1887.
ew York Bounty Loan, reg..
do
con¬
do
do
6s, Canal Loan, 13
do
6r,
do
1877.
do
6s,
do
1878.
do
6s, gold reg....1887.
do
6s, do
coup..1887.
do
6s, do
loan.. 1883.
do
6s, do
do ..1891
do
5s, do
do ..1875.
do
fls, do
do ..1876.
North Carolina 6s, old, J. «fc J..
A. & O
do
do
N. C. RR
J. & J..
do
....A.
()..
do
do coup ofT.J. A J
do
do
do off.A.&O..
do
Texas, 10s, of
1
ex co
do
do
con.conv
Am. Dock & Improve, bonds.
62
1 st m. St. L. dlv
2d mort
do
do
do
do
.
•
62"
82
•
•
....
101
104
101
do
do
do
do
do
do
do
•
•
97"
consol.78
1
•
do
lstmort...
do
100*
do
do
Income....
108
Joliet & Chicago, 1st mort
90
Louisiana & Mo., 1st in., guar
100
St. Louis, Jack. * Chic., 1st m
Chic., Bur. & Q. 8 p. e. 1st m..
da
do consol, in. 7s
101
45
do
do
do
do
do
do
do
do
•
44.X
W. I)..
Bur. Dlv.
2d mort..
1
....
•
77
li
....
guar...
2d mort. income
do
do
20
leago & Alton sinking f uj
Asylum or Culvers., due 1892.
Hail. & St. Joseph, due 1875. 100
do
do
5*
....
Chesapeake & Ohio 6s, 1st in...
91 x
A
....
....
Funding bonds due In 1891-5.
Long bus. due ’81 to ’91 Inch.
do
do
do
do
do
do
do
•
Bid. Ask.
SECURITIES.
...
7s, Penitentiary
6r, levee bonds
8s,
do
8s,
do
1875..
of 1910.. 103
8s
Michigan 6s, 1878-79
103
do
6s, 1883
do
7s, 1890
100*
Missouri 6s, due in 1875
100
do
do
dc
do
do
•
•
....
•
do
do
do
do
do
•
108* L09
102*
Albany & Susq., 1st bonds...
Georgia 6s
do
7s, new bonds. ..
do
7s, endorsed
do
7s, gold bonds...
Kentucky 6s
•
Ask.
3
Mariposa Land & Mining Co. .
do pref
do
is*
Maryland Coal
1247
Pennsylvania Coal
Spring Mountain Coal
do
7s,L.R.,P.B.&N.O.
do
7b,M1«8.0. & R. Rlv.
do
7a, Ark. Cent. R.
California 7s
do
7s. large bonds..
Connecticut 6s
Indiana 5s
Illinois 6s, coupon, 1877...
do
do
1879 ...
do
War loan
Bid.
SECURITIES.
Cumberland Coal & Iron
Slate Ronds.
Alabama 5s, 1883
do
58, 1886
do
8s. 1886
do
8s, 1888
do
8s, Mont. Sc Euf ’la R.
do
8s, Ala. & Chat. R....
do
8s
of 1892..
Arkansas 6s, funded...
do
7h,L. R.& Ft.S.lRB.
do
7s, Memphis & L. R.
Louisiana
do
do
do
do
do
do
do
[April 3, 1875.
THE CHRONICLE.
334
65
April 3, 1875]
THE
Burlington & Missouri River lands there have been sold
during the year 73,232,084 acres for the gross sum of $926,380.75,
or at the rate of $12.04 per acre.
Contracts for 19,506,015 acres,
made in previous years, and amounting to $250,041.74, have been
canceled. The books now show that there are now 103,621,026
Of the
2 nucstmcnts
AND
STATE, CITY AND CORPORATION FINANCES.
The tables of Stocks and Bonds which
have heretofore
acres
unsold.
these
are
(For the
Cr.
Ba’ance to credit of surplus Dec. 31, 1873
Earniugs for tbe year 1874—
Total
Taxes
$11,645,317 52
$6,210,283 41
294,228 OS
$1,327,134 00
$3,172,913 03
1,333.955 25
50,885 35
9,000 00
23,544 68
3,000 00
$3,182,155
Operating expenses
Taxes...
Interest on bonds
Dividend of 4 per cent Aug. 1, 1874
Dividend of 3^" per cent Feb. 1, 1875
Discount on bonds sold
163,776
287,052
.
599,616
524,664
100,888
Sundry accounts charged oil’, considered worthless
Balance to surplus
8,335
275.508
$5,141,996
been 74.9 per cent.
The report says the loss in revenue is largely due to the de¬
crease of coal traffic, and from the depreciation of local passenger
receipts, in consequence of legislation which it was deemed advis¬
able not to oppose, and to these causes must be added the exces¬
sively low rates which have steadily obtained upon all through
traffic; the average rate received during 1874, upon through
freight being but .984c. per ton per mile, and the eastward
bound through freight having fallen to .921c. per ton per mile.
The average rate of all freight for 1874 is 1.192c. per ton per
as
against 1.362c. in 1873.
During the
year
there has been sold the remaining so-called
sinking fund bonds, in amount $300,000, and also
$1,000,000 of first consolidated mortgage bonds, from the proceeds
first mortgage
$2,747^0 23
3,520,599 0J
$3,915,992 75
earuings of
$1,182,744 88
income
$4,248,606
Total
Dr.
mile,
$425,393
Leaving net surplus for the year.
Add surplus at the commencement of the year
previous year is
And this, added to
earnings
$6,513,512 30
$5,131,805
1,958,892
Leaving net earniugs for the year.
paid on bonds
A
Interest
And there stands to credit of income account
The amount credited to sinking fund taken from
95,053
earnings of 1874 are $638,842 51 less than those of the pre¬
ceding year, or 13.07 per cent. The operating expenses have
108,703 13
Sinking fund
60,981
Reuts
interest and Dividends.
Total
302,650 58
Dividend No. 27
Dividend No. 28
88,696
The
earnings
Leaving a balance of
Out of which has been paid
Out of which has been paid
Rent of tracks and depot
Transfer oilice expenses
Interest and exchange
74.427
Express
roads, in all 1,234
$8,445,000 52
2,608,054 29
paid, in all
786,249
Mails
constantly
EARNINGS.
Operating expenses, exclusive of taxes
3,148,197
Passengers
Chicago Burlington & Quincy.
(For the year ending December 31,1874.)
The official report for the past year is just issued.
The length
of the road operated during the year is the same as for 1873—
From fright
From passengers
From mail and miscellaneous
From Burlington bridge tolls
$893,390
'Freight
REPORTS.
C80 miles of main and 584 miles of branch
miles. The income account was as follows :
year
INCOME AND EXPENSES.
growing in importance, and call for more extended information.
ANNUAL
Indianapolis.
ending Dec. 31, 1874.)
Cleveland Columbus Cincinnati &
published in the Chronicle on the.last Saturday of each
month will hereafter be published on the first Saturday of each
month whenever ihat falls on or after the 3d, otherwise on the
second Saturday. These tables have been greatly improved and
entirely re-set in a new and larger type, and are published in a
Monthly Supplement, occupying thirty-two pages, and furnished
gratis to all regular subscribers of the Chronicle. This arrange¬
ment enables the publishers to give more space to Railroad and
beem
Investment matters in the Chronicle, as
335
CHRONICLE.
credits, make the amount of surplus
paid and cancelled $32,000 of bonds out-
of which there has been
standingon Jan. 1, 1874.
To provide means for increasing the facilities of the railway,
and to meet indebtedness on account of construction expenditures
and advance outlays under contract, the Board decided upon the
creation of a general sinking fund mortgage to the amount of
$5,128,737 63 $7,500,000. Of this $1,000,000 were sold to Messrs. Drexel, Mor¬
comparative statement of operating expenses for 1873 anc gan & Co., yielding the company ninety per cent net. This con¬
1874 gives the following result: lu 1874 they were 53.41 per cent
solidated mortgage covers all the prior mortgages of this company,
exclusive ot taxes, and including taxes 55.93 per cent, of the gross
amounting to $3,696,000, the payment ot which amount is pro¬
earnings; in |1873 they -were 54.19 per cent, without taxes, anc vided for by reserving that amount of the consolidated mortgage
50.41 per cent, with taxes; showing a reduction in operating ex
bonds.
1873.
1874.
1872.
1871.
penses iu 1874 over those of 1873 of 78-100 of 1 per cent, in the
$
$
'
one case, and; 48-100 of
$
$
1 per cent, in the other. The earnings
786,249
Passenger eirnings
831,272
810,708
797,917
distributed upon the main liue have been at the rate of $17,125.40
3.148,197
3,735,894
3,439,999
Freight earnings
2,873,585
per mile, and over the -main line and branches at the rate of Total gross receipts
4,887,448
4,248,606
4,573,170
3,918,784
3,182,155
3,423,398
3,193.644
2,587,896
$9,213.07. The net income of the road for the year over expenses
Operating expenses
1,066,451
Net l eeeipts.
1,464,050
1,379,526
1,330,887
taxes, interest, and all liabilities was thus $11.22 per share on Interest on funded debt
199.631
229,393
287,052
210,000
the capital stock of the two companies, as against $10 23 per Dividends
524,660
812,602
599,616
1,012.312
A
share
On
on
the stock in 1873.
ealancc to
mortgage was executed for $30,000,000,
of which $20,000,000 were set aside and appropriated exclusively
to the funding of the then outstanding bonded and other indebt¬
edness of the company, and the remaining $10,000,000 for new
construction and equipment demanded by the increase of busi
July 1, 1873,
a trust
There have been issued during the year $0,031,000 bonds.
Of these there have been exchanged at par for the plain 7 per
cent bonds of the company, payable in 1896, $3,382,500; and lor
the branch bonds, so-called, $42,500; making the amount of
bonds exchanged $3,425,000.
The remaining $2,000,000 have
been sold and the proceeds applied in accordance with the pro
ness.
visions of the mortgage.
That is to say, $250,200.95 toward the
payment of the balance due on the purchase of the Northern
Cross Road, and $230,500 in the purchase of various branch
bonds—proposals for purchase of a large amount of these branch
bonds were published, but iu response, aside from the amounts
above named, none were offered for sale within the terms of the
contract—$1,313,293.05 toward the payment of the floating debt
especially provided for in the mortgage, and $800,000 toward the
cost
of
new
construction and
by the mortgage.
equipment upon the road covered
>
The funded debt of the C., B. & Q. and branches was $18,494,831
December, 1873, and $20,000,925, December, 1874, showing an in¬
crease during the year of $2,112,093.
The funded debt of the Burlington & Missouri River Company
was $7,353,950, December, 1873, and during the year there have
been purchased and taken up of the bonds of that company $372,300, and $207,500 have been converted into the stock of that
company, leaving outstanding, December, 1874, $6,774,150, and
the combined funded debt of the two companies $27,381,075.00,
an increase
during the year of $1,532,293.05.
The number of tons of freight moved was 2,420,028, an excess
over 1873 of 198,884 tons.
The rates on the freight business of the year have been sub¬
stantially maintained, the average being 1.90 cents, per ton per
mile, against 1.92 cents in 1873.
The total number of passengers carried during the year was
1,830,453.
The average rate per mile, exclusive of mileage and season
tickets, was 3.009 cents, as against 3.022 cents in 1873.
surplus
..
deficit..,
Capital stock
r
untied debt
Floating debt.
192,935
12,791,,350
3,008,600
291,950
916 473
582,978
14,991,650
3,429,000
867,417
800.172
893,390
39,648
14,991,275
3,005,000
14,991,692
4,797,000
9,188
Other accounts and liabilities.
428,480
Surplus
270,763
529,812
3.0,412
Total liabilities
16,790,544
Road, equip* t, buildings, etc.. 13,977,831
19,752,072
16,443,161
20,190.646
17,143,864
17,389,586
property and assets.. 16,790,544
19,752,972
20,190,646
21,141,229
Total
Central Railroad
(and Bank) of Georgia.
Months Ended August 31, 1874.)
(Results for the Nine
company’s fiscal year, which formerly closed with No¬
vember, was changed by vote of the directors at their meeting on
December 30, 1873, so that it nov* closes on August 31.
Conse¬
quently the fiscal term for 1873-74 shows the results of operations
for the nine months only.
The earnings for the period indicated, as compared with that of
the previous year, have fallen off $341,534, while the expendi- „
tures have been reduced $754,481, leaving the net earnings greater
by $412,947. The falling off was, no doubt, largely caused by the
September (1873) money crisis, producing stagnation in business ;
and also largely by the competition of new lines recently opened.
Up to May 31, *1874, business was generally fair ; but the months
of June, July and August over-running in expenses the amount
earned, reduced the result of the business of the previous six
mouths. By the change in the closing of the fiscal year, the three
iiest months of the year, viz.: September, October and November,
were carried
to the next fiscal year.
The result up to May 31
warranted a dividend, and such was therefore declared and made
payable June 20, 1874
In oast years the December dividend has
usually been earned after September 1; but in view of the affairs
of the' company, the president thought it would not be sound
lolicv to pay such, even if earned.
The
Earnings.
$1,102,726
Central, Savannah Division
Central, Atlanta Division
Southwestern Railroad
448,913
506,621
Upson County Railroad
Total of railroads
Central Railroad Bank
Total from all sources
Expenses.
$689,6.9
371.347
Profits.
$413,067
77,566
67,123
6,369
..
439,498
6,972
(deficit)
36,479
$1,507,476
22,388
$557,153
14,093
$1,529,863
$571,246
.
$2,101,108
THE CHRONICLE
336
and M. andE. RR.,
Rents—Southwestern RR., $332,531 ; A. & S. RR., $73,000;
flacon & Western RR.$410,531: and Intehest—C.$179,493. Total rents and
14,000, or a total of bonds, $5,915, ora total of RR. bonds, $173,578, and
interest, $599,024.
The amount of the May Dividends (4 p. c.) was $300,000.
FINANCIAL CONDITION
AT CLOSE OF YEAR.
$7,500,000
Capital stock (consolidated', 75,000 shares
3,781,000
Funded debt
$300,009
Bonds for steamships
Bonds c* Macon & Western Railroad Co
Fare notes (Central Railroad Co.)
280,000
Sundry operating accounts
f Central Railroad
I
1
450,000
150,000—
Southwestern Railroad
4 Atlanta Division Railroad
earnings. |
Upson County Railroad
„
109,602
$1,004,615
500,621
448,913 '
6.369
Total liabilities
...:
Railroad and appurtenances
Central Railroad Steamship line
Real estate
.
.
$13,691,891
$600 000
$7,500,000
107,480
216,504
Steamships Julia St. Clair and Bandy Moore.
56,964
771,960- 1,940,386
127,478
Stocks, $699,460, and bonds, $72,500
Bills, $3,430; United Spites, $352; post-oflice, $4,965
Due by treasurers and agents
Due by other railroads
Purchasing agent
expenditures
Railroad
( Southwestern
Rents.
■<
Railroad
$128,614
578.326
3,329-
$332,531
73,000
Augusta & Savannah Railroad
Eatonton Branch Railroad
14,000— 429,531
days.
North Carolina.—The following is the preamble and the prin¬
cipal part of the Funding law recently passed in North Carolina :
COMPROMISE, COMMUTE, AND SETTLE THE STATE DEBT.
AN ACT TO
Whereas, The peopleof North Carolina have been overwhelmed
with disaster by the unforeseen results of the late war between
the States, sacrificing the greater portion of the taxable property
which their debt was based ; and
Whereas, The State’s interest in works of internal improve¬
ment, for which the debt was contracted, have in the main been
destroyed by reckless legislation, and unwise or faithless man¬
agement at a time when a great body of the taxpayers had no
control in public affairs ; and
Whereas, The good people of this State are desirous of assum¬
1,hastate
1,282.554
8,747
Cash
and the currency bonds interest not exceeding six
the bonds to be sold ouly after advertisement of thirty
per cent.;
ing and paying to the public creditors so
Depot lots, &c., city of Macon
Savannah River Railroad
710,269
1,507,475
[April 3, 1875.
five per cent.,
upon
38,111— 2,004,629
(Savannah River Railroad
•
as
Section 1.
any person
much of the iust debt of
their unfortunate condition will allow.
The General Assembly of North Carolina do enact, That when
holding and owning any bond or bonds of the State of North Car¬
olina, issued in pursuance of any act of Assembly passed at any time before
the 20th day of May, A. D. 1861, or in pursuance of an act entitled “ An act to
provide lor the Payment of the State Debt Contracted Before the War,” ratitied the 10th day of March, A. D. 1366; or in pursuance of an act entitled “An
Act to Provide for Funding the Matured Interest on the Public Debt,” ratified
20th day of August, A. D. 1868; or in pursuance of an ordinance of the Convent ion of 1868, in aid of the Chatham Railroad Company (except such bonds
as were issued for aid in construction < f the North Carolina Railrod), shall
with all the unpaid coupons be¬
longing to the same, to the Treasurer of the State,—then and in that case it
^ ^acon & Western Railroad bonds
5,915— 179,493— 609,024 !• hall he the duty of the Treasurer, and he is hereby required, to issue, and
Profit and loss
143,435 deliver to the person so surrendering such bouds. a new bond of the State,
due and payable thirty years from the 1st day of January, A. D. 1876, bearing
Total property and assets
$13,691,891 interest at the rate of two per eentum per annum for the first two years, three
per cent for the next three years, four per cent, for the next five years, and
five per cent for the remaining twenty years, payable semi-annually, on the
GENERAL INVESTMENT NEWS.
1st day of January and July in each successive year, at the Treasury of the
State, and secured by the appropriate coupons signed by the Treasurer, and
such bonds shall be signed by the Governor and countersigned by the Treas¬
Boston Hartford & Erie.—The Supreme Court of Massa¬
urer, and sealed with the great seal of the State, for a sum of money equal to
chusetts has appointed Francis W. Hurd a master to audit the
the following rates, that is to sayr:
accounts of the trustees under the Berdell mortgage, who have
I For the bonds issued before the 20th of May. A. D. 186!, forty per centum
the principal of
operated the road since September, 1871, to determine the amount of II. For the bondsthe bonds so surrendered. acts of the 8th day of March, A.
issued under the funding
to be allowed them lor disbursements and compensation, and to
L). 1866, and 20th day of August, A. D. 1868, twenty-five per centum of the
decide upon the form of the conveyance from the trustees to the principal of the bonds so surrendered.
III. For the bonds issued since the 20th day of May, A. D. 1861, in pursu*
New York & New England Railroad Company,
of acts passed before said last-named date, and the bonds described in
Cleveland Tuscarawas Talley & Wheeling.—The capital tms act issued to the Chatham Railroad Company, twenty-five per ceutum of
stock of this company has been fixed at $1,250,000.
The com¬ the principal of ihe bonds so surrendered.
IV. For the registered certificates of indebtedness due to the Literary fund,
pany was organized by the parties who bought the Lake Shore &
forty per centum o. the principal of such certificates so surrendered, and it
Tuscarawas Valley road at fereclosure under second mortgage, shall be the duly of the Literary Board to ;o convert said certificates.
and they have offered to issue new stock to the stockholders of
V. The bonds so to be issued shall be in the usual form of bouds of this
State, except as modified and provided by this act, and shall have printed on
the original company to the extent of 621 per cent of their former
the face of the same the words “Issued in pursuance of an act entitled ‘An act
holdings, provided they will pay in 20 per cent of the face of the to compromise, commute and settle the State debt,1 ratified the 17th day of
new
stock in cash, to repay the present owners the money March, A. 1). 1875,” and in large red letters the words “Consolidated Debt.1'
Sec. 2. That the debt of the State, as provided by this act, shall be known
expended by them in paying interest on the first mortgage bonds, and
styled as the “Consolidated Debt of the State,” and euch debt and the
expenses of organization and certain old liabilities.
bonds so to be issued shall not be construed to change the nature of the debt
Columbus Chicago & Indiana Central.—Default was made in of the State, but to reduce the same to such a sum as can he paid.
Sec. 3. Thai for the purpose oi paying promptly the interest;upon the bonds
the payment of interest on the first mortgage bonds of this com
so to be issued, there shall, uud is hereby levied upon all the taxable property
pany, wliicli fell due April 1,
The bonds were sold at a high of the State a special tax, to he computed by the Auditor annually after the
price in this market on the strength of a lease to the Pittsburgh j first day of January, A. D. 1876, sufficient to discharge such interest as it beCincinnati & St. Louis Railway, by the terms of which the pay¬ comes due. aiul such tax shall be annually collected as and when other gen¬
eral State taxes are collected, and paid into the Treasury, and sacredly kept
ment of interest was guaranteed, the lease being guaranteed by
and applied for the purpose of paying such interest, and no other, and the
the Pennsylvania Railroad.
Some remarks upon the guarantee provisions of this section shall be deemed ai d taken to be a material part
will be found in our editorial columns, and also in the Chronicle of the consideration for which bonds of ihe State sh ill or may be surrendered.
Provided, That no tax shall be computed to pay interest upon any bond till
of March 0, p. 241.
it shall have been issued.
Danville Hazleton
& Wilkesbarre.—The Pennsylvania
Sec. 4. That if the whole of the fund created by such special tax to be col¬
Railroad Company, on the 21st of February, 1872, leased for the lected and paid into the Treasury shall not in any one year b : required to pay
such accruing interest, then and hi that case it shall be the duty of the Treas¬
term of thirty three years the Danville Hazleton & Wilkesbarre
urer, with the sanction of the Governor and Auditor, to buy with the surplus
Railroad, on condition that the latter should complete their road such of the consolidated bonds as he can buy at the lowest price, after thirG
and connections at their own c<>st, or permit the lessees to days1 advertisement in at least two papers published in Raleigh, and cancel
[
Ttl.
„
-
interest
) Central Railroad bonds
$173,578
...
surrender and deliver such bonds, together
.
complete the same and charge the cost to the lessors, payable
either in mortgage bonds or capital stock of their company at
their respective market prices, or in cash, as the lessors should
elect.
The D. II. & W. having failed to make the improvements
conditioned, the Pennsylvania Railroad Company made them at a
cost of $46,055, and in re-imbursement of the same demand pay¬
ment.
Georgia State Finances.—The State Treasurer, Mr. John
Jones, gives notice to holders of overdue bond- of the State of
Georgia, which matured prior to the 1st day of January, 1872, that
pursuant to the act of the General Assembly, lately in session,
unless they present such bonds for examination and registration
before the 1st day of August next, they
and void, and be debarred from payment forever
on or
will become null
thereafter.
Hoosac Tunnel.—Gov. Gaston, March 30, affixed his signature
to the Hoosac Tunnel bill, which thus becomes a law.
The bill
establishes
a corporation under the control of five directors ap
pointed by the Governor, and provides for the completion of the
Troy & Greenfield road west. Its opponents claim that it will
prove inoperative, entailing a still further outlay by the State
without securing an equivalent advantage.
The result, however,
is a triumph of the Fitchburg Railroad and its connecting
branches west.
Temporary arrangements, says the Troy Times,
have been made for the operation of the line until July, the State
directors having joined with those of the Troy & Boston and the
Fitchburg Railroads in making contracts by which the whole line
will be open for transportation of freight after April 1.
Memphis & Little Rock.—Under the authority of a deed of
trust made to secure $300,000 bonds of this company, the trustees
will sell at public auction in Memphis, Tenn., May 3,the property
known as the Navy Yard tract in that city.
Missouri State Finances.—The bill to fund the bonds falling
due in 1875 and 187G passed both Houses, March 27, as it came
from the Conference Committee.
The bill provides for issuing
$5,000,000 of Five-twenty bonds of gold or currency, at the option
of the fund commissioners. The gold bonds bearing interest at
said bonds.
remaining sections contain only matters of detail.
The
A holder of North Carolina
bonds writes
us as
follows:
of the face value is made for the old
bonds issued before' the war, and 25 per cent, of the face value of
“An offer of 40 per cent,
those bonds known as the funding acts of 18G6 and 1868. No *
allowance is made for the six or seven years’ overdue interest.
Some of the ante-bellum bonds were negotiated by the State at
over, about twenty years ago, in this city. No question
been raised as to the validity of any of the foregoing
par
and
has
ever
as has been in the case of the special tax and a part of the
Chatham bonds.
Bad as is the scaling proposition it is worse
that these new ‘ consolidated’ bonds are to bear interest at the
rate of 2, 3, 4 and 5 per cent, for the respective terms of two,
issues,
three, five, and twenty-five years.”
Northern Central (Md. & Pa.)—A special meeting of the
stockholders of the Northern Central Railroad was held in Balti¬
more,
April 1, and authorized the Board of Directors of the com¬
pany to issue $1,000,000 bonds, secured by the $10,000,000
solidated general mortgage to the Fidelity Insurance, Trust
Safe Deposit Company of Philadelphia, executed in May,
The
proceeds of these bonds
are to
be applied, it is
con¬
and
1874.
said, to the
increase of the terminal facilities of the road at Canton,
will include a grain elevator, coal piers, and warehouses.
which
Poughkeepsie & Eastern.—The committee have prepared a
plan ot re-organization which was (submitted for the approval of
the bondholders at a meeting held in Poughkeepsie, N. Y., March
19, and was adopted by them. The plan contemplates the organi¬
zation by the bondholders of a new company, to be called the
Poughkeepsie Hartford & Boston Railroad Company.
St. Joseph «& St. Louis.—The annual meeting has been post¬
poned to April 29, the Secretary having neglected to make the
proper publication of the notice for the meeting of March 2. Some
of the stockholders have expressed dissatisfaction with the pro*
po3ed lease to the St. Louis Kansas City & Northern, though it
j appears as if the terms of that lease are as favorable as can rea*
1 gonably be expected.
\
.
April 3, 1675j
THE CHRONICLE
$ I) c € out m c r c t a I
im
COTTON.
10.
COMMERCIAL EPITOME.
Friday
Night, April 2, 1875.
The decline in gold has liad some effect upon speculation in
leading staples, but as it was accompanied by an improvement in
exchange and better foreign markets, some increase may be noted
export movement, while the general home trade has shown
degree of activity. Inland navigation generally remains
closed by ice throughout the North and West, but low rates of
rail freights have prevented this obstacle to business from prov¬
ing serious.
The following is a statement of the stocks of leading articles of
domestic and foreign merchandise, at dates given :
in the
a fair
1874.
...tcs. and bbls.
Beef
Pork
Tobacco, foreign
Tobacco, domestic
1875.
,
A pi.
Ap'. 1.
1.
13,298
63,424
11,190
,
Mch.,1.
13,587
8,7(59
62,445
6,889
40,661
42.254
Coffee, Rio
55,014
Coffee, other
Coffee, Java, &c
15,6(58
not stated.
55,267
104,498
23,534
3,052
1,699
35,30(5
30,196
116,827
Friday, P. M„ April 2, 1875.
By special telegrams received to-night from the Southern Ports
we are in possession of the
returns showing the receipts, exports,
&c., of cotton for the week ending this evening, April 2. It
appears that the total receipts for the seven davs have reached
38,531 bales, against 47,433 bales last week, 51,303 bales the
previous week, and G3,2ll bales three weeks since, making the
total receipts since the first of September, 1874, 3,194,907 bales,
against 3,421,161 bales for the same period of 1873-74, showing a
decrease since September 1, 1874, of 226,254 bales.
The details of
the receipts for this week (as per telegraph) and for corresponding
weeks of five
New Orleans
Mobile
Charleston
Port Royal, &c
Savannah
129,073
1,473
2,788
11,945
none.
Cocoa
lihds.
Sugar
Sugar
Sugar
38,9(19
Melado
Molasses
Molasses
none.
723
No.
Hides
Cotton
Rosin
3,000
178,500
Spirits turpentine....
bbls.
Tar
176,294
78,021
5,758
3,273
8,(533
169,100
203,106
107,200
bales. 121,117
bbls. 42,9(57
94.773
7,000
6,944
2,739
9,900
S.200
Rice, E. I
Rice, domestic
Gunny cloth (Cal.)
Gunny bags
(500
106,210
2,450
7,400
13,91)0
19,100
36,435
124,500
not stated.
*109
35,719
15,500
8.584
Saltpetre
18,700
Jute
Jute butts
bales.
....bales.
Manilla hemp
Ashes
Coffee has been
active
somewhat reduced.
2(5,600
51,200
72,153
and advancing, and stocks have been
Rice has been
Molasses lias been
Sugars are £c. higher, at
dull.
freely taken by refiners at firm prices.
7f@8£c. for fair to good refining Cuba,
and lOfc. for standard
crushed refined.
Pork and lard have been active and buoyant, with large specu¬
lative transactions for the future ; and other hog products have
brought more money. There has also
and butter is more steady, with a better
The number of swine
has been as follows;
been more doing in beef,
business in cheese.
Season ending
March 1, 1875
March 1, 1874
Increase
Pounds of
hogs,
weight.
net
1874-75
,107,(530,457
1873-74.
1,175,120,971
7,487,514
Decrease
Average weight per hog and average
lard product:
Average
weight.
1,003,428
Decrease
82
35 02
caused a still further ad¬
with sales of mess pork at $21 75 for May, and $22 for
June, and prime steam lard at 141@14 15-10c. spot and May, 10(®
10 l-16c. for June, and 10tc. for July, but other hog products,
and provisions generally, were barely steady, with a slight decline
To-day, the speculative excitement
In ocean freights a moderate business lias
immediate offerings of berth room are rather
able charter room also moderate, and rates are
been effected ; the
limited, and suit¬
about steady.
To¬
day, there were shipments of wheat to Liverpool by steam at 7d.
cotton, at 7-32d., and provisions at 27s. Gd.; grain, to a direct Irish
port, 5s. 5d.; refined petroleum, to Bremen, 4s. 9d.; crude do. to
Bordeaux, 4s. 7.Vd. The general tone was weak, under anticipa¬
tions of an increased supply of tonnage.
Rosin closed firm and decidedly more active; ordinary to good
strained sold at $2.10@$2.15. Spirits turpentine has latterly
shown more activity, the result of a slight dedfoe, closing active
at 35k;. to arrive and 3Gc. on the Bpot.
Refined petroleum, under
a continued
dullness has declined to 14^@14ic., on spot, and
144@14£c., for balance of the month ; crude in bulk closes weak,
with 7c. bid and 7^c. asked for spot delivery? Layer raisins have
been more active and steady.
Kentucky tobacco has ruled firmer and more active at 10@12ic.
lugs and 14@25c. for leaf;;
the sales for the week embraced
800 lihds., of which 550 were for export and 250 for consumption.
Seed leaf lias continued in moderate demand and firm ; the sales
embrace: Crop of 1873, 144 cases Connecticut at
cases
New York at 8@10c.; 145 cases Wisconsin at 64@10c., and 120
6£@8c.; 479
Pennsylvania on private terms; crop of 1872,
of 1870, 33 cases Connecticut, also 27 cases
7£@55c. Spanish tobacco lias been in moderate
cases
and crop
at
sales
were
500 bales Havana at
874@$1.25.
lO^OT
318
369
4,411
7,219
81
123
2,207
7,335
321
Indianola, &e
Tennessee, &c
Florida
North Carolina
Norfolk
City Point, &c...
......
Total this week
1871.
19,747
3,490
3,81)2
5,439
£
32,235
5,170
17.433
2,892
1870.
2,421
26.288
2,621
2,597
3,559
2,351
5,771
5.2S1
10,532
3,785
4.363
1,285
4,635
4,510
3,613
6,785
8,176
4,583
1,095
7.650
64
543
166
746
298
448
44
505
7,349
3,669
583
775
266
6,391
1,839
5,300
j
|
38,531
59,922
43,637
40,619
71,714
46,581
3,191,907
Totals!nee Sept.l..
3,121,161
3,059,135
2,427,917
3,312,231
2,406,346
The
exports for the week ending this evening reach a total
60,446 bales, of which 37,573 were to Great Britain, 12,472 to
France, and 10,401 to the rest of the Continent, while the stocks
of
made up
as
this evening, are now 606.912 bales.
Below
the
are
exports and stocks for the week and also for the corresponding
week of last
season.
Exported to—
?Veek •mhIIhjz
April 2.
....
*
16,110
.
.
8ame
wee <
week.
1874.
1875.
35,758
Contin’t
12,472
,
31,161
130,624
40,345
3H.022
238,972
46,377
31,109
89.824
55,681
60.755
125,000
7,176
3.835
6.80S
^
-
-
-
*
1,750
t
♦
1,750
5,232
6,621
2,915
8,169
*
*4,597
635
6,621
*
2,076
340
8,169
37,573
1 1,460,596
...
France
G. Brit.
New Orleans
Mobile
Cnariestou...
Savannah....
Galveston
New York...
Other portst
Total
Since Sept.
Stock.
Total
thi»
...
....
10,491
384,368
12,472
262,193
13,030
13,1 2
10,215
1874.
56,980
203.117
1,910
2,107,662
56,000
45,000
80,421
2,198,542
69,416
606,912
605,887
....
....
1,433 bales were to Cork for orders.
t The exports tills week under the head of “other ports” include from Balti¬
more 38 bags sea island to Liverpool; from Boston 311 bales and 19 bags sea island
to Liverpool; from Philadelphia 270 bales to Liverpool ; from Norfolk 7,528 bales
to Liverpool.
Of which
Our
telegram from
besides the above exports the amount of cotton on
engaged for shipment at that port, is as follows:
dateR:
PORTS.
23 cases do.;
sundry kinds
demand ; the
KXPOBTRD 8INOK
Britain. France. For’mi
1874.
New < irleatis...
Mobile
Charleston*
Savannah
Galveston*
New York
Florida
No. Carolina,..
Norfolk*
Other porta....
...
....
7873.
911,231
1034,284
4 jT.980
306,105
110,423
559,376
330,855
111,2*7
272,701
338,383
602,209
319,182
66,261
170,514
232,115
165,165
33.129
2.196
134,810
12.3 .’0
231,347
4,513
12.151
90,935
359.032
61,916
43,657
423,675
40,015
...
11,210
53,876
61,555
0 r—
“-b
8,150
35,571
....
^
.
....
|
1 Total.
130,00 ; 723,7(7
3.5,026
32,52)
110,027
10,967
33,641
.
1,050
3,583
17,441
j
1
1
109,4)7
288,614
375.571
178,628
269,501
Coast¬
wise
Ports.
134,8772
156,796
119,044
161,567
100,5*9
.
•
•
Stock.
209,934
43,957
28,407
41,437
61,149
196,800
15,260
12,151
73,686
57,159
290,850
2,221
13,066
53,000
J
| 78,999
.
.
•
1423,023
Total this year. 3156,376 j
Total last year.
8BPT.1 TO—
inner
Great
~~
31-20
vance,
for
3,845
4,227
BKCBIPTS
5-20
price.
17.915
Galveston.
Av’"e lard,
all kinds.
209-77
21P97
1874-75.. .7
1873-74
in
10,539
2,159
3,055
1872.
1373.
1874.
New Orleans to-night shows that
shipboard, and
For Liverpool,
24,000 bales; for Havre, 20,000 bales ; for Continent, 5,000 bales ;
Number. for coastwise
ports, 4,000 bales; total, 53,00l) bales; which, if de¬
5,5(i»»,226
5,4(50,200 ducted from the stock, would leave 127,500 bales representing the
100,020 quantity at the landing and in presses unsold or awaiting orders.]
From the foregoing statement, it will be seen that, compared
with the corresponding week of last season, there is a decrease
Pounds of
in the exports this week of 19,975 bales, while the stocks to¬
lard,
all kinds.
night are 1,025 bale* more than they were at this time a year
190,380,(507
ago.
The following is « ur usual table showing the movement
191,414,035
ol cotton at all the ports from Sept. 1 to March 26, the latest mail
slaughtered at the West for two seasons
Aggregate weight of hogs and lard :
1375.
bales.
follows:
years are as
9,400
2,331
bags.
Linseed
550
9,100
previous
Received this week at—
31,43(5
lihds.
337
3361,239
219,726
374,467
j2047,216
1079,615
652,971
1395,970
271,995
417,156 2118,121
1161,400
664,289
Unfertile bead of CharleMnn is Included Port Royal, &c.; under the head of
Galvextmiis included Indianola. &e.; under the head of Norfolk is included City
Point.
*
week has been generally quiet for cotton
Reported sales include a fair business for export and
consumption each, in the week, and for speculation on Wednes¬
day, but the aggregate is quite moderate. Some weakness lias
been noted since the close of Tuesday’s business, but no reduction
made in official quotations.
It may be observed, however, that
“short notices” for April, which brought 16 19-32 on Tuesday, sold
at 16 15-32 yesterday, a decline of £c.
Liverpool was expected to
report an advance on Tuesday, and her failure to do so, with the
decline in gold aud the desirability of reducing tlie stock at this
port (now more than 200,000 bales), have been the chief move¬
ments of weakness.
To-day, however, there was a steadier tone,
based on a partial advance in Liverpool, and continued small re¬
ceipts at the ports.
For future delivery tlie market opened
excited and buoyant. An active speculation was stimulated by
the advance in gold, which touched 117.
The comparatively free
receipts for tlie first half of the week were followed by a sharp
falling off, but with the decline in gold tlie downward tendency con¬
tinued uninterrupted until the close of yesterday’s business, when
there was a steadier feeling apparent, and a slight recovery in
prices for tlie next crop, Nov. and Dec. having sold on Wednes¬
day afternoon at 16 7-lGc. Latterly tlie reports with regard to
The market the past
on
the spot.
planting operations.
the weather have been less favorable for
To-day, the whole market was dearer ; early futures were 3-62@
£c. higher, and the later months 1-lGc. ~liigher, and the sales
after ’Change were at 16 19-32@16 21-32c. for April, 17
l-32c. for
May,
17
21-32c.
for
July, 16 9 16 for
November, 16 17-32@ 16 9-16c. for December, and 16£c.
for January, the latter the
first sale for that mouth.
The total sales for forward delivery for the week are 110,500
bales, including
free on board. For immediate delivery the
total sales foot up this week 9,081 bales, including 2,635 for ex¬
port, 3,189 for consumption, 3,257 for speculation and
in
transit. Of the above, 50 balesj were to arrive.
The follow¬
ing are the closing quotations :
0 5.1
New Classification.
Ordinary
14
per !b.
New
Orleans.
Texas.
14%®....
15*®....
16%®....
14%®...
15*®...
16%®....
17
17
@...
18
®...
Alabama.
Uplands.
14
®...
®....
15%®....
15%®....
16%®....
16%®...
17%®....
11%®...
Middling
7.
flood Middling
Middling Fair
Fair
16%®....
16\®....
17%®....
17 k®....
18
18%®....
flood Ordinary
Low Middling”
-
1*%®....
is%@....
®....
17%®....
®....
18%®....
Below we give the sales of spot and transit cotton and price of
Uplands at this market each day of the past week :
New
Classification.
FKIOKS.
SALKS.
Exp’t.
Consump.
2,190
1,465
5
4S5
2J5
321
030
128
1.400
292
52
3.1S9
3,257
Thursday
....
50
Friday..'
2,635
Total
Specula’n
closed.
5,040
,
,
fc'lt)
732
1
9,061
....
•
•
16%
16%
16%
16%
16%
16%
....
....
....
•
16%
15%
15%
15%
15%
15%
14
14
14
14
2,075
....
•
,
ii
618
.
....
....
Mid
Low
Ord’ry Ord’ry. Mldl’g. dlln.
Total.
Exch ange
390
Wednesday
Good
Transit.
1,365
Saturday
Monday
Tuesday
....
16 *
16%
16%
....
free on board)
(all low middling or
of low middling), and the following is a statement of
For forward delivery the sales (including
have reached during the week 110,500 bales
the basis
the sales and prices :
on
I
The
10*
.16 21-32
16 11-10
200
200 no not.
till21th. 10 27-32
200 no not. ..10%
For
900
For Juno.
17%
1/200
5,400
3,700
17%
...
700
,...17 11-16
....17 23-32
1,100
11*
....17 25-32
....17 13-16
1,900.... ...17 27-32
100....
17%
1,000
6,300 total Aug.
17 9-32
17 5 16
17 1 i -32
17%
17 13 32
12,600
16 19-32
For August.
500
600
For
700
.
For November.
16 7-16
200..
16 15-32
200..
100..
16%
16 17-32
30(1..
16 19-32
100..
90J total Nov.
For December.
16 7-16
200..
16 15-32
600..
2,300..
September.
17 5-16
17 11-32
800
900
For October.
2'K)
16 11-16
1,300..
16 23-32
100..
000..
16*
16 25-32
200..
16 13-16
1,100..
16 27-32
100..
3,600 total Oct.
100
30,900 total May.
16 9-10
....
9,700 total July.
16 31-32
17
17 1-32
17 1-16
17 13-32
2,500 total Sept.
For July
200
..17 17-32
...17 9-16
2.200
..17 19-32
2,6 JO
500
17%
..17 21-32
1.40,1
..17 11-16
2.700...
100
17%
16,%
16 29-32
16 15-16
Cts.
bales.
100..
.
May.
3,000
11,000
3,600
5,300
5,300
1,00
cts.
17 7-16
31,300 total June.
19,200 total April.
this week 16 19-32
100 s.n. 2d 16 19-32
200 s. 11...16 19-32
3,400
1,400
500 no not.
till 7th ..16 21-32
1,000
For April.
100 s. n.3(A. 16 7-16
200 s. n
16 7-16
100 s.n.1st.16 15-32
700 a. n....l6 15-32
300
10 15-32
2!0 b. n. 1st. ..10%
100 s. li. 2d or
3d
...16%
200 s.n.2d
16%
16%
1,800 s. n...
200
....16%
400 s.n... .16 17-32
16 17-32
1/200
200 no not.
16 9-16
Slat
300 no not.
bales.
10*
100 s.n
2.000
2,400 total March.
4,700
cts.
bales.
For March,
hales.
ct«.
WO
16%
200 s.n
10 9 10
tWO
16 9-16
8.10
10*
800
16 21-32
13-32C.
17%
16%
300..
100..
200..
16 19-32
16%
3,700 total Pec.
following exchanges have been made during the week :
pd. to exch. S00 April, for May.
*c. pd. to exch. 400 Sept, for
%c. pd. to exch 200 Oct. for
100 March for April even.
Oct.
Sept.
closing prices each day on the
middling uplands for the several deliveries named :
The following will show the
basis of low
Fri.
On
Sat.
•
Mon.
16%
16 9-16
Tues.
16%
16%
a
ca
16
16 21 32
r3
21-32
2
1 32
17
June
o
o
17
17
17
17
13-32
17%
11--.6
27-32
17 11-16
17 25-32
July
August
Fri.
16%
Tlmrs.
Wo<l.
16%
16%
•
....
April
May
16 9-16
16 15-16
17 5-16
17 19-32
17 25-32
16
16
17
li
15-32
29-32
9 32
ii—32
17%
•
•
>
16%
•
17
17%
17%
17*
NEW CLASSIFICATION.
spot
September
October
November
Pecambor
Gold
Exchange
**
C3
2
o
rd
o
*—1
►—<
16%
16%
16%
17%
16%
17%
16 13-16
16 19-32
16 19-32
17 11-32
16 11-16
17 5-16
16 13-16
17 17-32
16%
116%
115%
4.78%
16%
15%
114%
4,82
4
75
•
•
16 17-32
•
114*
4.81%
16%
17%
16%
•
•
.
16 17-32
16 17-32
114%
4.82
Weather Reports by Telegraph.—We have had another
rainy week in the greater portion of the cotton States.
Planting
still continues backward, being greatly interfered with by the
unfavorable weather. The movement in fertilizers is considerably
in excess of last year.
Galveston.—There has been rain here on three days this week
day there was a hard rain and three days were showery.
Corn is thriving.
Some cotton is up and doing well, but the
planting is not entirely finished. The rainfall this week has
reached one inch and seventy-six hundredths, and for the month
three inches and sixty hundredths. Our unsold stock of cotton at
Galveston, to-night, is 40,467 bales; 16,531 bales reported stock
being either on shipboard or engaged for shipment. The ther¬
mometer has averaged 67, the highest being 78 and the lowest 48.
Indianola.—We have had two showery days this week. The
weather has been unseasonably cold, but no serious damage has
been done.
Planting is making good progress. The rainfall for
—one
the week is fourteen hundredths of
an
inch, and for the month
eighty-eiglit hundredths of an inch. The thermometer lias
aged 67, the highest being 80 and the lowest 32. *;
aver¬
Corsicana, 27exas.—It has been showery on one day, and has
on four other days—the rainfall reaching eighty-four
hundredths of an inch, and for the month one inch and fifty-eight
sprinkled
hundredths.
been injured somewhat, but otherwise no
Good progress is being made in planting.
The weather has been too cold.
The fruit crop has
damage has been done.
New Orleans.—During the past week we have had four rainy
days, the rainfall reaching eight and thirty-seven hundredths
inches and
Rainfall for the month of March thirteen
inches.
The thermometer Iits averaged 68.
Shreveport.—It rained here on Friday, Saturday, Sunday, Tues¬
day, and Wednesday, and on the latter day there was a thunder
storm; Monday was foggy.
The total rainfall for the week was
one
inch atad seventy-eight hundredths, and for the month of
March four inches and ninety four hundredths.
Thursday night
there was frost at some points.
The thermometer has averaged
77, the highest being 89 and the lowest 40.
Little Hock, Arkansas.—It has been cloudy all the week except
Tuesday and to-day, which were clear and pleasant. The rainfall
for the week reached two inches and forty-one hundredths. There
was a slight frost last night.
The thermometer has averaged 61,
the highest being 76 and the lowest 38.
Nashcille.—Rain fell on three days of the past week, the rain¬
fall reaching two and eiglity-one hundredths inches.
Average
thermometer 56; highest 65 and lowest 48.
Memphis.—There have been three days rain the past week, the
rainfall reaching four inches and thirty seven hundredths. The
overflow is already oerious in Mississippi. The Arkansas River
is still rising.
The thermometer has averaged 60, the highest
being 67 and the lowest 53.
Mobile.—It rained severely one day and was showery one day
the past week, and is cloudy to-day.
The weather lias been too
cold.
Average thermometer, 67; lowest 62, highest 78. The
rainfall was two and sixty-nine hundredths inches; for the
month, eight inches and thirty-nine hundredths.
Montgomery.—There were four rainy days the latter part of the
week, the rainfall reaching one inch and sixty-seven hundredths ;
rainfall for the month, one foot. Planting is retarded by the
The thermometer has ranged between 51 and
excessive rains.
78, the avering being 64.
Selma.—We have had rain on five days of the week, and it is
now cloudy.
The rainfall for the week is three inches and
seventeen hundredths; for the month of March, twelve inches
and sixty-tliree hundredths.
Average thermometer, 62.
Macon
Rain fell on three days the past week. Farm woik has
been very backward.
The thermometer lias averaged 60, the
range being from 45 to 67.
Atlanta.—We have had three rainy days the past week, the
rest being 'pleasant.
Rainfall for the week one inch and sixty
hundredths ; for March, ten and seventeen hundredths inches.
Average thermometer, 58.
Columbus.—Rain fell on three days, the raiufall reaching two
inches and seventy-eight hundredths.
Average thermometer, 63;
highest 74, lowest 52.
Savannah.- -The early part of the week was clear and pleasant,
followed however by three rainy days, during which time the
seventy hundredths.
—
rainfall reached twelve hundredths of an inch. The total rainfall
for March was six inches and eighty-eight hundredths. The ther¬
mometer has averaged 62, the highest being „75 and the low¬
est 47.
Augusta.—The weather the past week lias been warm, sultry
and wet, with showers on five days.
Planting is retarded by the
recent rains.
The rainfall is—for the week, two and sixteen
hundredth inches; for the month, eleven and eighty-eight hun¬
dredths. The thermometer has averaged 60.
.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3 o’clock
this afternoon (Friday, April 2).
We give last year’s figures
(Friday, April 3, 1874) for comparison
:
.—April 2, ’75.—%
OLD CLASSIFICATION.
spot
March
On
[Aprii 3,1875.
.THE CHRONICLE
338
Feet.
o
New Orleans. .Below
.Above
Memphis
Nashville
.Above
Shreveport—.Above
Vicksburg.... .Above
33
22
high-water mark...,
low-water mark
low-water mark
low-water mark
low-water mark
....
41
Feet.
11
9
9
11
4
....
^April 3, ’74.—,
Inch.
Inch.
0
1
8
2
8
38
13
27
...
....
Missing.
reported below liigh-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was cliauged to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
Last Week’s Receipts.—Last Friday being Good Friday, and
a holiday at many points, one of our telegrams gave the move¬
ment for only six days, and another telegram failed to reach us.
The following therefore is a corrected statement fcr the full
Now Orleans
week
-
:
Received this week at—
New Orleans
Mobile
Charleston
Port Roj'al, &c
Savannah
Galveston
1875.
bales.
12,078
2,542
4^936
Florida
North Carolina
Norfolk
23,822
11,227
3,050
2,982
32,222
5,719
3,111
3, lo4
4,107
1,578
4,780
11,300
5,759
7,634
7,111
66
186
8.215
j-
6,218
j- 5,948
.
1,686
6,764
13,004
3,711
196
780
489
1,347
1,092
356
12,501
7,780
3,282
453
363
6,438
2,881
50,186
Total this week
432
1,086
194
City Point, &c
121
4,189
7,299
2,160
9,854
;
Total since Sept. 1...
1870.
24,202
9,413
4,841
8,632
1871
3,324
6,411
43
Indianola, &c
1872.
17,380
3,857
5,508
Tennessee, &c
1S73.
1874.
64.587
56,015
81,426
53,169
39,189
i
317
3,157.200 3,361,238 3.011,056 2,386,474 3,240.S70 2,-358,317
of Sales.—The new mode of reporting
daily sales at Liverpool, so as not to include amount forwarded to
spinners direct from quay, is thought by some not to be fully
understood on this side. We see that Messrs. W. C. Watts &Co.,
in their Liverpool circular, remark with some severity upou the
short notice given of the change, thinking that their Board of
Liverpool Report
Brokers have thus greatly depressed the market. So far
ae this city is concerned, we believe the matter was fully known,
as the Liverpool Board sent timely notice by cable to our Ex¬
change, which was published everywhere by the daily press.
Still, as the present plan may not be clearly understood by all
our readers, we give place to the following extract from Messrs.
W. C. Watts & Co.’s last circular :
Cotton
The Liverpool Cotton Brokers’ Association on Friday last passed a resolu¬
tion that in future only the cotton sold here on the spot shall be reported in
the daily estimate of sales, and that all cotton bought by spinners in America,
India, &c., or bought in Liverpool, to arrive or landing, for spinners’ account
—assumed to be forwarded direct from the quay—shall be left out of the daily
estimate, and be counted only at the end of the week under the head of “ forwarded.” Under the operation of this new rule the sales reported here this
week turn out to be 27 per cent less than would have been the case under the
old rule. That so important a resolution as this, which directly affects the
cotton trade of the whole world, should be passed one day anti go into opera¬
tion the next day, has been to us a source of great surprise. Liverpool is the
chief cotton market of the world, and for years past the daily sales here have
telegraphed to Europe, Asia, Africa, and America, and have in no small
degree contributed to govern the course of prices from day to day. * * * * It
is to be hoped the brokers will soon make arrangements by which the public
will be furnished with daily estimates of the cotton forwarded. It is said
this cannot be conveniently done; but it does appear to us that the same
machinery that is made to work on one day in the week can be made to work
Unless this is done the new system will, we fear, introduce a
every day.
been
greater element of uncertainty nto our statistics than heretofore, and per¬
haps lead to individual and roundabout efforts to obtain approximate esti¬
mates of the weekly figures of cotton forwarded before ihey are made public
in the Brokers’ Circular. If no better plan can be adopted we would respect¬
fully submit that estimates of the cotton forwarded should be given in the
daily reports issued under the authority of the Cotton Brokers’ Association,
and corrected at the close of the week, as is now the case in regard to the
daily sales and the proportion of these made to the trade, and on speculation
and for export. If it is important to know what is being done here in Liver¬
pool from day to day, it is of nearly equal importance to every department of
the trade to know daily the amount of cotton forwarded.
Supply and Consumption of Cotton.—A communication will
be found in our editorial columns on this subject. We are always
glad to insert the views on cotton supply and consumption of any
intelligent writer, when we can find room to do so, without
regard to the fact whether we do or do not agree with the
conclusions.
Shipments.—According to our cable despatch received
to-day, there have been IS,000 bales shipped from Bombay to Great
Britain the past week, and 15,000 bales to the Continent, while the
receipts at Bombay, during the same time have been 50,000
bales. The movement since the first of January is as follows.
These are the figuies of W. Nicol & Co., of Bombay, and are
brought down to Thursday, April 1 :
Bombay
^-Shipments* this week-*
Great
Britain.
1875...
187-1...
1873...
..
..
..
18,000
16,000
47,000
Conttnent.
15,000
35,000
14,000
Total.
33,000
51,000
61,000
339
THE OttllONIOLE.
April 8, 1S?5/|
/-Shipments since Jan. 1—*
r—Receipts.——n
Gri-at
Britain.
Tills
week.
Sine*
Jan. 1.
56,000
66,000
46,000
582,000
520,000
444,000
266,000
210,000
213.000
tentlnent.
Total.
153,000
419.000
145,000
85,000
355,000
328,000
1873.
27,000
61,000
Stock at other continental ports
12,000
16,500
37,000
Total continental stocks
337,750
422,750
533,000
European stocks
1,352,500
311,000
Europe
American cotton afloat for Europe
433,000
Egypt. Brazils, &c., afloat for Europe....
74,000
1,353,750
273,000
1,348,000
398.000
594.000
885.000
62,000
Antwerp
6,000
Total
....
India cotton afloat for
5,000
91,481
10,009
75,000
518,125
100,861
7,0 0
2,872,277
2,996,118
2,831,986
Stock in United States ports
Stockm United States interior ports....
United States exports to-day
Total visible supply
603.837
606,912
89,865
Of the above, the totals of American and other
lows :
descriptions are
as
fol-
American—
Liverpool stock
541,000
171,000
433,000
Continental stocks
American afloat to
Europe....'
United States stock
United States interior stocks
United States expoits to-day
382,000
231,000
591,000
605,887
91,481
16,000
606.912
89,865
5,000
Total American
201,000
385,000
518,125
100,861
7,000
1,923,368
364,000
106,750
166,750
311,000
74,000
369,000
180,000
62,000
398,000
75,000
1,022,500
1,819,777
1,072,750
1,923,363
1,314,000
1,517,986
bales. 2,872,277
8d.
Middling Uplands, Liverpool......
2,99 V.18
2,831,986
9X@9^d.
London stock
Continental stocks
.*
India afloat for Europe
Egypt, Brazil, &c., afloat
Total East
India, &c
Total American
1,517,986
339,000
170,000
832,000
188,750
273,000
Total visible supply
Price
306,000
bales. 1,819,777
East Indian, Brazil, <&c.—
Liverpool stock
8>«d.
These figures indicate a decrease in the cotton in sight to*
night, of 123,841 bales as compared with the same date of 1874>
and an increase of 40,291 bales as compared with the correspond¬
ing date of 1873.
Movements of Cotton at
the
Interior Ports.—Below
we
give the movements of cotton at the interior ports—receipts and
shipments for the week, and stock to-night, and for the corres¬
ponding week of 1874:
r-Week ending
Augusta
...
Columbus
From tbe
1874.
1875.
Stock at
April 2, ’75—, .—Week ending April 3,’74—«
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
14,465
1,427
2,135
2,153
2,178
17,107
687
293
301
8,986
9,000
391
285
7,207
1,871
7,407
856
359
130
2.617
93
2,153
510
563
779
4,393
4,307
3,281
5,03i
5,487
38,291
11,805
45,418
893
1,466
13,873
2,384
3,781
6,089
foregoing it would appear that compared with last Macon
there is a decrease of 18,000 hales this year in the week’s Montgomery.,,.
shipments from Bombay to Europe, and that the total movement Selma
since January 1 shows an increase in shipments of G4,000 bales
Memphis
compared with the corresponding period of 1874.
Nashville*
Messrs. Nicol & Co. telegraph from Bombay, laising their esti¬
6,935
Total, old.
89,865
11,071
10,816
20,316
91,481
mate of the shipments from that port.
They say the favorite
637
1,252
1,806
3,851
2,914
estimate in Bombay is now 1,100,000 bales to June 30th, but that Shreveport
1,324
496
Atlanta
366
216
2,716
1,896
they believe the total at that date will reach 1,200,000, against St. Louis
19,412
1,001
3,828
1,808
2,263
12,541
1,045,000 bales for the game period of last year. This estimate Cincinnati
2,778
2,995
14,589
10,185
9,445
15,042
was in response to a telegram to them stating that some houses
5,357
40,563
9,125
12,996
Total, new,.
13,348
32,423
claimed to have information pointing to the probability of smaller
20,196
130,433
12,292
28,842
123,904
33,664
shipments, and asking them to consult their neighbors and tele¬ Total, all
* Count
of Btock at Nashville to-day gave 360 halos less than the running
graph thejresult. It will be noticed, however, that the receipts
count.
to-night, as was the case also last week, are considerably less than
The above totals show that the old interior stocks have decreased
year
...
..
..
...
...
..
...
..
the
same
weeks
a
year ago.
Gunny Bags, Bagging, &c.—During the past week there has
continued to be a demand for bagging for forward delivery, with
considerable business consumated, which has not been made public.
On spot we only hear of 500 rolls at 12^-c.
Summer deliveries are
held at 13c.
\Ve do not hear of any sales in India cloth, which is
held at 9@9^o; Borneo, 121c. Stock in New York and Boston, 9,100
hales.
There have been
no sales of bags, which are held nomin¬
Stock, 2,331 hales, in New York and Boston.
Jute butts have ruled firm during the week, With a moderate
ally at 12 i$12£c.
amount
offering, and steady inquiry. Sales since our last report
about 4,000 bales at 2|@2 11-lGc., cash, and 2£c., time,
closing firm.
foot up
Visible Supply
of Cotton as Made up by Cable and
we
give our table of visible supply, as made up
by cable and telegraph to night. The continental stocks are the
figures of last Saturday, but 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 2), we add the item of
exports from the United States, including in it the exports of
Friday only.
Stock at Liverpool
Stock at London
Total Great Britain stock
Btock at Havre
Stock at Marseilles
Btock at Barcelona...
180,000
....
....
1,014,750
131,000
76,000
Btock at Bremen
1873.
751.000
Stock at Hamburg
Stock at Amsterdam
Stock at Rotterdam
1874.
32,250
49,2.50
....
11,000
931,000
145,250
11,250
58,010
27,000
38,250
68,000
26,500
•
bales less than the
same
week last year.
this week from New York show an
compared with last week, the total reaching 2916
bales, against 2,895 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
The
exports of cotton
increase,
as
direction for each of the last four weeks; also the total ex¬
ports and direction since Sept. 1, 1874; and in the last column
the total for the same period of the previous y ear.
Exports ol Cotton(bales) from New York since Sept.l,
645,000
170,000
815,000
177,000
15.00C
1874
Same
WEEK ENDING
Tele¬
graph.—Below
1875.
during the week 3,330 bales, and are to-night 1.G1G bales less
than at the same period last year. The receipts have been 3,911
Total
BXFORTXD TO
to
period
prev’us
Mch.
10.
Mch.
17.
Mch.
24.
Mob.
31.
date.
Liverpool
6,387
8,424
2:018
2,076
233,423
336,038
Total to Gt. Britain
6,387
8,424
2,018
2,076
233,423
336,038
4,513
6,234
year.
Other British Ports
156
C
Total French
156
6
dremen and Hanover
250
170
-
Havre
Other French
1,701
ports
Hamburg
Other ports
Total to N. Europe.
68,000
8pain,Oporto&Gibraltar«fec
31,000
Ail others
48,000
81.000
25,000
Total
Spain, See
Grand Total
570
301
109
4,513
202
420
860
871
•
•
•
810
•
“50
50
7,013
....
9.284
....
2,895
....
2.916
15,865
16,401
17,939
751
31,421
22,733
10
50
650
190
7,935
2,152
M9
2,647
60
2,672
272,417
369,378
4,043
25
[April 3, 1875
THE CHRONICLE.
340
following are the receipts of cotton at New York.. Boston*
Philadelphia and Baltimore for the last week, and since Sept. 1 .’74:
The
bales
were
bales
were
follows
for export and speculation. Of to-day’s sales 9,000
American. - The weekly movement is given as
:
Met). 25.
NEW YORK.
New Orleans..
Texas
Savannah
Mobile
Florida
S’th Carolina.
N’th Carolina.
week. Sept.l.
40,555
95,524
.
1,270}
.
2,923
5.28SI
#
721
105,051i
1,167
1,800
3,787
Virginia
....
320
50,768
139,858
11,895
115,208
•
1,528 57,007
1,880 55.108
700 29,164
406
North’rn Ports
3,911
929!
Foreign..
4,023
3,027
13,393
19,539
•
.
....
•
594
17.243
663,953|
13,803 235,594
Total last year.
14.754
748,928
.
584
324
701
.
•
•
.
535
.
•
•
•
,
.
...
0,341
•
3I.86.3!
1.731
TheUheon.
Friday, except Galveston, and the figures for that port
are the exports for two weeks back.
With regard to New York,
we iuclude the manifests of all vessels cleared up to Wednesday
night of this week.
Tota] bales.
New York—To Liverpool, per steamers Wisconsin, 495
City of
Chester. 918
England, 063
2,076
050
190
050
Ilolsatia, 190
...
Liverpool, per steamers Knight Templar,
Royal Standard, 2,013
per ships Birmingham, 4,085
New Orleans—To
2,724
Emily
Agnes, 3,245
.'
To Havre, per ship Minnie II. Gerow, 3,991
per barks Emilio,
2,102
James R. Boyd. 2,418
Arica, 1,064 — Erna, 1,831 —
Augusta, 4,223
per
Baker, 1,777....
schooner Calvin F.
Holiday. Holiday.
10,890
13,783
1,210
Charleston—To Cork for orders, per bark Anita, 1,210 Upland,.
To Barcelona, per bark Sunrise, 1,520 Upland
Savannah—To Liverpool, per ships Anuabella, 1,970 Upland and
7%®8
g
Aprils.
61,000
15.000
7,000
57,000
15,000
08,000
11,000
9,000
5,000
832.000
507,000
9
908,000
541,000
’.23.000
142,000
7,000
0.000
y4,000
75,000
408,000
436,000
260,000
2 09,000
cotton for the week:
Thurs.
Fri.
7"«®8
8 &Sya
7%®8
8 ®s>i
BREADSTUPFS,
91,128
last
To Bremen, per steamer Rhein,
To Hamburg, per steamer
Orleans.
HoHHav
H lid
1,621 101,429
have reached 02,853
mail
Mid’g Uplands
03,000
11,000
(six days.)
Forwarded
or which exporters took
11,000
- 0.000
of which speculators took
5,00 )
7,000
Total stock
734,000 *
768,000
of which American..
424,000
450,000
Total import of the week
112,000
102,000
of which American
79,000
03.000
Actual export
8,000 ..
8,000
Amount ailoat
558,000
529.000
of which American
.323 000
309,000
The following table will show the daily closing prices of
Satur.
Mon.
Wednes.
Tues.
do
...
Shipping News.—The exports of cotton from the United States
the past week, as per latest
returns,
bales. So far as the Southern ports are concerned, these are the
eameexnorts reported by telegraph,and published in
icle
bales.
Mch. 19.
.
17,308
55,811
....
....
•
8,255
....
2,205 52,121
10,083 246,715
13,054
.
•
26,714
....
„
....
•
12
....
....
Total this year
•
.
•
4,905
....
137;
•
....
•
470
....
...
•
....
....
#
This Since
week. Sept.l
Since
Sept.l.
815
23,554
8,776
32,431j
9,218
3,819
1,740
97,007
402
This
week.
Since
This
Since
Sept. 1.
2,500
3,056
Mch. 12.
BALTIMORE.
Sales of the week
bkok’tbfromThis
week.
PHILADELP’lA
B08TON.
Friday, P. M.. April 2, 1875.
decline, there has been more activity in Hour during
week. Shippers have been free buyers of low grades of
extras from spring wheat at $5 05(a$5 20, and the home trade
has taken hold of the medium and better grades with consider¬
able spirit. The concessions in prices, however, are not very
important, except for the very low or the very high grades. The
latter have been neglected, and the former have been in much
better supply, losing, consequently, a portion of the recent some¬
what disproportionate advance.
The production continues to be
limited byavaiietyof influences, and the revival of demand
finds the stocks low of desirable Hours.
To-day, low shipping
extias from spring wheat were active’ at $5@$5 22£, and the
At
the
some
past
whole market was firm.
wheat
The
1,520
market receded considerably early in the week
Exchange was unsettled, and with dull foreign advices, embar¬
rassed the operations of shippers ; and the reduced rates of freights}
bark’s
1,308 Upland
. - . 10,097 by rail had prompted greater shipments eastward from the West¬
To Havre, per ship George Bell, 3,775 Upland
3,775 ern markets. No. 2 Chicago sold at .$1 15@1 15£ in store and for
To Cronstadt, per steamer Duy-tanborough, 2,750 Upland
2,750
To Barcelona, per bark Reuom, 900 Upiaud
per brig Odina, 35
arrival, and No. 2 Milwaukee at $1 174@1 18 in store. But yes¬
Upland
935
Texas—To Liverpool, per ship Aizilla, 3,156
per bark Rose Brae,
terday, a much better market for exchange, and some revival of
Island
0 Sea
Abbottsford, 3,722 Upland and 139 Sea Island ...per
Carrie Derlap, 3,337 Upland and 105 Sea Island — Teresa
4,763 speculation, caused most of the decline to be recovered, with
1.402
2,197 sales No. 2 Chicago at $1 17@l 19 in store and afloat, and choice
15
No. 1 spring at $1 25@1 27 instore and afloat.
Winter wheat
62,853 has
Total
latterly been neglected. To-day, the market was active at
The particularsof these shipments, arranged in our usual form
$1 19 for No. 2 Chicago, ftl 22 for No. 2 Milwaukee, $1 2G@1 27
are as follows:
for No. 1 spring, and $1 40 for choice white, all alloat.
Bre- Ham- Cron- BarceLiver¬ FleetIndian corn declined 2c. early in the week, under a subsidence
Total.
pool. wood. Cork. Havre, men. burg. stadt. Iona.
650
190
2,910 of
New York
2,076
speculation, a limited export demand, and only a moderate
30,673
13.783
New Orleans
16,890
2,730
1,520
trade, while supplies were coming forward more freely, and oil
Charleston
1,210
2.750
18,157
935
3,775
Savannah
10,097
Wednesday prime new mixed Western closed at 851c. afloat. The
0,165
Texas
1,402
2,197 better weather at the West was also a depressing influence, in
Boston
15
1,607
Fleetwood, per bark Ilacon
Jarl, 1,402
Boston—To Liverpool, per steamers Lord Clive. 1,300
Siberia, 897..
Philadelphia—To Liverpool, per steamer Kenilworth, 15
..
To
....
••••
.
....
....
....
...»
15
••••
.
..
L
....
....
....
....
....
...
••••
Philadelphia
....
••••
....
....
.
••••
....
....
«...
.
••••
....
....
corn as
190
050
1,210 17,558
1,402
Total
2,750
2,455
02,853
well
as
in wheat, and the return of bad
weather, yester¬
renewal of speculation, with a recovery
sale of old mixed at 91c. afloat. Stocks
continue large, however; supplies increase, especially from the
Andean, steamer (Br.), Miller, arrived at Liverpool March 24 from New Or¬
South, owing to the resumption of canal navigation, and con¬
leans in a damaged condition, having experienced heavy gales.
sumption is greatly reduced by the smaller quantity used in dis
San Marcos, steamer (Br.), Burrows, from Galveston for Liverpool, at Nor¬
folk, will be loaded and ready for sea about.the middle of April.
tilling, owing to the advance in the whiskey tax. To day, the
Vicksburg, steamer, from Port Royal, S.C., for New York, which was recently
wrecked near Fire Island, has gone to pieces, nothing but the steammarket was irregular, prime mixed closing at 87c., after selling at
Below we give all news
vessels carrying cotton from
received to date of disasters, &c., to
United States ports :
ehe-t remaining visible in the breakers.
Abbotsford, ship (Br.), for Liverpool, in going down the Savannah River
March 23, struck a towboat, forcing the latter against the ship Sawley
Chludow. The Abbotsford was injured to some extent.
India, ship (Br.), Moran, from New Orleans Feb. 10 for Liverpool, put into
Quenstown March 25,
damaged, having lost mizzenmast and rudder,
She will be towed to Liverpool, where she
discharge and repair.
Sawley Chludow, ship (Br.), for Narva, while towing down the Savannah
River March 23, had the bow of a tugboat forced against her by ship
Abbotsford, and was considerably injured.
Strathearn, s-hip (Br.), Jarman, from New York, arrived at Liverpool March
25, considerably damaged, having been in collision with a vessel named
stovo
bulwarks and leaky.
will
the Dora.
Maggie Brown,
bark, at Liverpool March 15 from Charleston, was in collis¬
ion, 11th, with a large ship (name unknown), and mainrail and bulwarks
cut through to waterways, and jibguy carried away.
Marie Leonik, bark (Fr.), Septfonde, Irom New Orleans, arrived at Havre
March 23, much damaged, having experienced heavy weather.
Mississippi, brig (It.), from New Orleans for Havre, repaired at Key West and
March 20.
resumed her voyage
Unknown.—London, March 23—A vessel has been wrecked off Donarenez,
France, and all hands are supposed to have perished. . She appeared to
be a ship of about 3,000 (?) tons, laden with cotton, which was washing
ashore.
A bale of cotton was
Lord
Cotton
picked
up
70 miles cast of Cape Ilenryjby brig W. W.
(Br), at Philadelphia March 28 from
Cienfucgos.
freights the past week have been as follows :
Sail.
d.
Steam.
d.
-Havre.—
Steam. Sail.
c.
-Bremen.
Steam. Sail.
c.
c.
Steam.
c.
c.
Sail.
c.
Monday
(f
Tuesday... 7-32(&X
Wednesday 7-32® kj.'
Thursday.. 7-32(®ki
Friday.
...
Market
7-32
.MH
/X
(77x7—3*2
/X
(J7VT-32
X
..((*7-32
.@7-32
X
X
..
..
.
.MX
MX
.MX
.MX
MX
■
..
•
%comp. .MX
fs comp. .MX
X com p. -MX
■
■
JflComp. -MX
X comp. -MX
.
•
quiet.
Liverpool, April 2.—3.30 P. M.—By Cable from Liver¬
pool.—The market opened with a hardening tendency and closed
firm
to-day.
Sales of the day were 15,000 bales, of which 2,0G0
a
871c.
Rye has been held higher, with sales of Canadian, in bond, for
export, at 90c. Barley has been somewhat excited, and being
latterly held for a great advance. Western lias been sold for ar¬
rival at
The market
$1.32@$1.35 for No. 2 and §1.22 for No. 3.
closed unsettled.
active and buoyant. Smaller receipts at the
and reduced stocks on the seaboard have stimulated a spec¬
West,
Oats have..been
ulation, and yesterday
No. 2 Chicago sold at 71c. in store
and
having previously sold very freely at 70c. in store.
To-day, the market was active at rather dearer prices, the sales
including 70,000 bushels No. 2 Toledo, in store, at 71c.
The following are the closing quotations :
72.V. afloat,
Flour.
_
Grain
|
3uperiineStatoand West¬
4 50R,
ern
Extra State, &c
Western Spring
..
do XX and XXX
do winter wheat
XX
I 75
S
5 05,® 5 20 i
.
Wheat
j
5 09® 5 30
5 40® « 00
|
Xand
City shipping extras. ..
City trade and family
.
spring,bush.10® 1 15
spring
l 17® 1 22
spring
1 25® 1 27
Wheat—No.3
$ bbl. $4 00® 4 40
No. 2..
extras
w—Hamburg.
Exchange closed..
V
day, was the signal for a
of Ic. in new mixed, and
I
5 50® 7 85
No. 2
No. 1
Red Western
Amber do
White
Corn-Western mixed
White Western
Yellow Western
..
86®
87®
87®
brands
Southe* n bakers’ and fa-
6 25® 7 75 I Oats—Black
mily n rands
Southern shipp’gextras..
Rye flour, superfine.. ...
Cornmeal—Western, &e.
Corn meal—Br'wine. &c.
White
7 00® 8 00 I
5 75® 0 50 j Barley—Western
Mixed
4 80® 5 10
4 lo® 4 45
4 70® 4 80
I
I
Canada West
State
Peas—Canada
The movement in breadstufls at this market
lows
:
87
88
89
87® 88
95® 1 00
08® 70
71®
73
72®
74
Southern, yellow
Rye
5 10® 5 05 I
1 24® *1 27
1 28® 1 30
1 30® l 40
1 20® 1 32
1 50® 1
1 20® 1 3;>
1 R®
130
has been as
fol¬
.
341
CHRONICLE
THE
April 3, 1875.]
jobbers., but as yet they have not found it necessary to re¬
plenish with very heavy purchases. From first hands, however, the
Since
For the
Jan. 1.
week.
sales show an improvement over those of last week, and the best
Jan. 1.
1, 1874.
week.
570,274
452.084
41,785
35,389
972,287
728,018
58,363
Flonr, bbla.
39,913 lines of cottons are kept well cleared up.
34.376
4,622
Of some of the poorer
2,224
61,949
52,497
4,216
C. meal, “ .
6,940,575
212,900 1,803,789 7,218,090 501,S79 3,641,547 376,652 2,815,956 makes, there has been a slight accumulation, but they are moving
Wheat, one.
78,925 3,177,520 284,885
Corn,
“ . 190,770 5,346,140 2,989,188
220,784 out more freely now, and are steadily held by agents. Values for
9,042
27,072
213.389
8,274
900
10.900
110
393.606
607,462
133,275
*_
♦Parley “ 100,445 1,587,477 1,955,449 4,120
35,298 the most part remain wholly unaltered and rule firm.
32,399
3,823
Oats
Domestic Cotton Goods.—There is a good trade in the more
* In “Receipts at New York’’ includes also malt.
staple cotton fabrics, both from first and second hands. Prices on
The following tables show the Grain in sight and the move¬
all the moat favorably kuown makes have been well maintained,
ment of Breadstuff's to the latest-mail dates:
and there have been no concessions on the less popular descrip¬
receipts at lake and river ports for the week ending
MARCH 27.
tions except in second hands, where slight inducements have been
MARCH 27, AND FROM AUG. 1 TO
Oats.
Rye,
Barley.
Corn.
Wheat
Flour.
offered in some cases to effect sales. The same is true of bleached
bush.
bush.
bneb.
bush.
bush.
bble.
(56 lbs.) (32 lbs.) (48lbs.) <56 lbs.) goods to some extent, but as a whole the market remains
(196 lbs.) (60 lbs )
373
34,035
76,478
227,550
219,330
28,485
Chicago
—
3,590 very steady, and the present basis of quotations is thought likely
4,981
29.910
12,570
198,572
Milwaukee
450
11,579
46,492
53,605
to continue throughout the season.
Toledo
This is a very favorable
28
13,451
23,995
52,62 T
Detroit
3.200
7,800
11,400
feature of the market, as any attempt to force up prices mate*
7,650
*2,997
Cleveland
18,483
1,677
62,119
103.945
72,425
24,545
St. Louis
4,900
4,480 rially would he almost certain to check the consumption. On
31,300
33,520
25,440
2,000
Peoria
some of the leading makes quotations still
remain nominal, and
66.077
10,120
215,297
476,812
629,649
87,409
Total
73.426
13,375 sales are only made “ at value.”
277,371
754,237
Colored cottons are steady, with
762,776
75.351
Previous week...
71,337
22,333
432.271
6! 9.146
704,471
Corresp’ng week,.'74. 106,256
14,569 a fair trade from second hands, but there is very little doing in
106,652
389,552
873,617
466,319
’73.
110.664
-RECEIPTS AT MEW YORK.—
Since
Jan.
*
1875.
For the
Since
,
-1874.
Since
For the
Jan. 1.
week.
-1875.
-
ii
—
YORK.
EXPORTS PROM NEW
held by
.
•
.
..—
....
«...
....
....
“
171,417
795,757
226,441
63,054
27,281
311,549
199,067
741,789
304.817
18.6o9
242,922
86.363
51,016
34,937
Prints are in good demaud, with Pacifies and
selling at 9£c. in fancies
Total An". 1 to date...3.496,328 43.379,513 28,824,137 15.232,127 5,332,506
975,123 and selected styles. Print cloths are firm at Gi@G£c., with a good
Same time 1873-74. ..4,216,100 58,262,603 34,639,527 16,918.021 6.627,615 1,468.930
demand. Ginghams are selling fairly.
Summer dress fabrics
Same time 1872-73....3,663,325 36,579,077 39,210,189 16,631.230 7,965,827 1,398,996
Same time 1871-72....3,565,663 32,133,530 37,593,530 18,540,775 3,793,382 2,332,875
more moderately at steady prices.
Domestic Woollen Goods.—The demand for the principal
Estimated.
Shipments of Flour and Grain from the ports of Chicago.
lines of woollens for men’s wear has been light with agents, but
Milwaukee, Toledo, Detroit, Cleveland, St Louis, Peoria and
Duluth, for the week ending March 27, 1875, and from Jan. 1 to jobbers have had a better inquiry for fine grades of cassimeres
and suitings, and considerable aggregate sales have been effected.
March 27:
Rye.
Barley,
Oa’vS,
Corn,
Flour,
Wheat,
Worsted suitings still meet a fair demand, and the market on
hush.
bush.
bush.
bush.
Week ending—
bbls.
bush.
23,315 these
27,016
278,041
405,101
March 27, 1875..;
8S,363
goods is firm, with stocks probably ample, hut not very
363,768
7,925
•28,435
413.599
219,686
March 20, 1875
85,814
449,195
239.401
30,846
7,121 excessive. The demand for dress goods continues fair, with
347,650
Corresp’ng week 1874 101,604
393,637
5,494
83,761
194,083
Corresp’ng week 1873 129,965
156,840 341,884
popular styles firm and well cleared up. Shawls are doing fairly,
10,087
61.906
143.364
434,985
63,693
Corresp’ng week 1872
60,529
7,364 the demand being mainly for worsted and imitation Ottomans.
10,154
36,834
605,704
Corresp’ng week 1871
67,658
131,032
565.659
171,334
Total Jan. to date.... 947,370 3,109,171 4,554,809 2,083,366
Other lines of woollens show very little change.
Hosiery and
915.360
161,872
1.386,034 7,851,199 2,632,355 2,149.066
Same time 1874
963.221
91,052 underwear is in good demand iu the medium and better grades.
Stme time 1873
1,234,055 1,739,284 3,345,103 2,381,051
780,211
624,936 5,715,403 1,383,431 590,474 216,857
Same time 1872
Foreign Goods.—The general trade fn imported fabrics is fairly
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
active, and shows rather more improvement with importers than
WEEK ENDING MARCn 27. 1875, AND FROM JAN. 1 TO MARCH 27.
Barley,
Rye,
Oats,
with jobbers, although the latter are doing an increased business
Corn,
Wheat,
Flour,
bush.
bush.
bush.
bush.
bush.
bbls.
At—
as compared with last week.
900
84.400
In dress goods the demand is mostly
119,270
205.2 !0
55.347
232,960
New York
800
1,903
90,630
209,416
77,421
15,951
for the medium-priced fabrics, and runs largely on mohairs and
Boston
1,000
3,500
12,520
15,SCO
10,500
Portland*..
500
8,000
16.400
alpacas, with a fair sprinkling of cashmeres and camel’s hair
Montreal
6,190
81.200
2,100
97 900
69,200
16,990
Philadelphia
600
goods. Silks are selling fairly both in dress and millinery liuesj
239.550
6,700
93,000
26,890
Baltimore
480
66,042
at very firm prices.
6,586
New Orleans
There is a steady call for housekeeping and
5,400
dress linens, and white are in moderate request chiefly iu a job¬
86,803
309,800
820,608
504,781
Total.
138,504
It
’72.
’71.
’70.
(4
<4
SO,33 4
91,871
74,538
12,373
full
package lots.
some
others of the best known brands
*
,
.
•
•
•
•
.
.
•
•
.
•
.
....
....
....
.
Previous week
Cor. week
’74
.
.
401.244
165.433
157,039
429,690
875,892
658,488
20.400
2.200
36,175
319,122
228,415
11,940
557,415
importations of dry goods at this port for the week ending
April 1, 1875, and the corresponding weeks of 1874 and 1873
56S.464
have been
The
Estimated
*
Total Jan. 1 to date..1,785,809 3,839,955
Same time 1874
.2,636,750 9,596.815
.1.299,931 1.997,900
Same time 1873
.1,526,867 1,217,941
Same time 1^72
3,130.580 3,423,934
8,222,104 3,915,430
5,616,570 4,436,037
9,757,882
2.767,318
49,520
345,463
27,081
758,036
709,669 51,602
Supply of Grain, including the stocks in
tho principal points of accumulation at lake and
seaboard ports, and in transit by rail, March 27, 1875:
The Visible
In store at New York
In store at Albany
In store at Buffalo
In store at Chicago
In store at Milwaukee
In store at Duluth
Iu store at Toledo
In store at Detroit
In store at Oswego *
In store at Boston
In store at St. Louis
In store at Peoria
In store at Toronto
In store at Montreal
Iu store at Philadelphia*.
In store at Baltimore*
Rail shipments
...
Barley,
bush.
bush.
..
.
...
...
821,103
53,000
155.135
98.009
58.411
2,244
45,564
2,451,247
34,560
551,450
69,111
175.999
8.319
169,883
1,051
bush.
1,856,178 2,431,085
2,052,297
41.732
540.046
....
.
.
..
...
...
.
..
...
.
...
...
1.166,4 44
127.046
328,063
175,000
50 015
38.112
15.963
55.000
2.500
167.554
40.000
312,005
337.856
314,301
243.847
45,962
492,603
169.693
140.000
142,663
303.70S
33,263
26.419
30,750
9.001
26,864
602
29.400
19,583
115,000
323,452
405,101
115,000
2,507
1,430
68,647
35.000
25.000
2:8.011.
90,000
.11.57 ’.622
8.235,061
...12,118.871
8 229.394
2,388,474
2.257,290
...11,297,210
:.
Total
March 20, 1875
March 2S' 1874
....
6,075,202
2,493,838
5.000
....
....
6,6-0
1,155
8,536
772
Manufactures of wool
771
cotton. .1,328
do
492
do
silk
1,500
27.016
20,000
13.315
862,161
92.984
618.574
122.936
709,099
261,589
5,000
Estimated.
GOODS TRADE.
Friday, P. M., April 2, 1875.
hands
341
310,527
263,889
2,251
6,898
197,426
207,328
1,069
1,751
$484,366
1,579
1,340
911,479
291,372
5,312
290,017
538.910
11,232 $1,319,743 11,057 $2,516,144
THE MARKET DURING THE
556
175.810
184.373
162.042
20S
666
$190,997
73,017
111,307
90,826
458
270
97
575
4,773
47,202
$255,897
572
337
126
3.38
$230,683
616
95.184
85.470
118,920
45,046
7,216 $807,121
Total
Addent’aforconsumpt’n 7.150 1,471,729
4 244
$598,260
6,131
$515,606
11,232
1,319,743
11/57
2,516,144
dry goods. 5.170
Total thrown upon
m’k’t. 14,366 $2,278,850
ENTERED FOR
Manufactures of
wool....
do
cotton..
do
silk
do
flux....
Miscellaneous dry goods
Total
dd entM for consumpfn
Total entered at the port
vVe
annex
WAREHOUSING
607
330
118
410
7.150
388
393
S9
403
$13',831
61.550
2,741
60,987
$632,331
1,471,729
14.126 $2,104,060
Cotton Sail
44
42
40
-3«.
36
34
.
No, 1
.
No 5
No. 6
No. 7
4/14
11,232
104,427
70.616
96,378
$522,239
1,319,743
15,246 $1,812,032
1,040
$433,054
432
211
150.811
879
1,267
173.280
3,879
11,057
$977,282
2,516,144
172,777
47,310
14,936 $3,493,426
• eading’articles of domestic
particulars
prices quoted being those of leading jobbers:
Druid
Woodberrv and
Mills.
No. 0
17,233 $3,031,750
SAME PERIOD
108,648
320,333
92,180
$213,615
5,481
6,976
15,476 $1,918,003
DURING
few
a
manufacture, our
the “cross-roads” dealers are
second
1S5.822
$335,573
2,871
No, 4
still suffering iu consequence of the
the roads. The larger sales from
have effected a moderate reduction of the stocks
319,315
183,587
709
!,033
54.183
Miscellaneous
No. 2
No. 3
bad condition of
426,816
SAME PERIOD.
The
continued
,
WAREHOUSE AND THROWN INTO
Manufactures of wool....
do
cotton..
Bilk...?.
do
do
flax
during the past
throughout the
country, which lias induced retailers to attend more generally,
though with many of them there is, as yet, very little local trade
doing.
In the larger towns there is an increased movement, but
jobbing trade has improved materially
week, under the influence of milder weather
5331,189
7,150 $1,471,729
Total
WITHDRAWN FROM
i
THE DRY
flax
830
dry goods.3,7u9
do
Miscellaneous
....
2,500
3,500
,
/
,
.
....
....
....
43.332
..
:
CONSUMPTION FOR TUB WEEK ENDING APRIL 1, 1875.
1875
1874
>
1873
,
Value.
Pkes
Value.
Pkgs
Pkge. -Value.
42,156
32,000
Corn,
bush.
33,000
092.049
4,124,287
Rve,
Oats,
bush.
Wheat
.
follows
as
ENTERED FOR
,
granary at
*
bing way.
.
.
.
.
32
.
.
30
Dticlc.
No. 8
No. 9
No. 10..!
Light duck—
Bear (8 oz.) 29 in..
do heavy (9oz.)...
Mont. Ravens 29in.
do
40in.
28
26
24
18
21
20
28
Ontario1 and Woodberry
USA Standard 23J£ in.
22
do
8 oz.
24
9 oz.
do
2610 oz.
do
31
12 oz.
do
3*
15 oz.
do
Ontario Twls, 29in. 18
36in. 23
do
Ex twls“Polhem’s” 13
E.R.Mudge,Sawyer&;Co
FOR
Albert H.
Washington Mill*,
.Burlington Woolen Co.,
Mills,
Victory Mfg Co.
Ellertou New
No. 43 PINE
BOSTON.
NEW YORK.
43 ft 15 White Street.
Nicolay & Co. John Munroe & Co.,
BANKERS
Wright, Bliss & Fabyan,
SALES
BONDS,
AND
EXCHANGE
FOR
York Stock
and Gas
and sold at the New
Exchange and at private sale on commts
Bates Mfg. Co.,
Laconia Co.,
Continental mills,
Franklin Co.,
specialty with this house forlnany jeara.
Patnam Mfg. Co.,
Otis Company,
Cordis mills,
mills, Thorndike CoM
Columbian mig. Co.,
Warren Cotton
and other
Cor.
Dickinson &
Co.,
,
Securities, Gold, Stocks and
ought and sold strictly on
which may
&
be checked for dt sight.
n
COVER
Greenebaum Bros.&Co.,
BANKERS,
1 Nassau
‘‘AWNING STRIPES.”
7 Broad
United States Bunting
Company.
supply all Widths and Colors always in etock.
CHICAGO HOUSE: HENRY
Open Credits on Sbaugbae and Yokohama
Telegraphic transfers made.
8pecial Partner.—DEUTSCHE BANK, Berlin.
Grant &
Issue Bills of Exchange,
GREENEBAUM & CO.
Europe and
Telegraphic Transfers ol money on Europe
Company,
BANKERS AND BROKERS,
Travelers’ and Commercial
Credits, available in the leading cities of
Make
Letters of Lie-
Street, New York,
the United States.
Street.
Street, New York.
Draw Bills of Exchange and Issue
dit on all principal cities of,Europe.
(Corner of Wall Street.)
Also, Agents
Lichtenstein,
BANKERS,
Platt K. Dickinson.
Member N. Y. Stock & Gold Exch’ge
Howard C. Dickinson,
Member N. Y. Stock Exchange
1NG, BAGGING. RAVENS DUCK, SAIL TWINES
&C. “ ONTARIO” SEAMLESS BAGS,
Duane
Knoblauch
allowed on Balances
B. Dickinson.
And all kinds of
No. 109
Bonds
Commission.
Accounts received and interest
COTTONS AILDUCK
A full
of Cuba
specialty made of attending to the business of
Banks, Bankers and Merchants out of the city.
A
Brinckerhoff, Turner
COTTON CANVAS, FELTING DUCK, CAR
smpments consigned to
heir ©orresnondents in all the principal ports
YORK.
NEW
Government
Manufacturers and Dealers
cent per annum.
Liberal advances made on
er
WORKS.
PRINT
William A Piue Sts., N. Y.
PROMPT COLLECTIONS MADE ON ALL POINTS
Deposits received subject to check at sight, and in¬
terest allowed on daily balances at the rate of four
St., Cor. Exchange Place,
Broad
Troy manulacturlng Co.,
&
Co.,
BANKERS,
Lowell Hosiery Co.,
ORIENTAL
BANKERS,
Incorporated loans negotiated on liberal
Hosiery,
Otis Company
Duncan, Mathews & Co.,
Municipal Bonds Railroad Bonds
Boston Duck Co.
Rockport 8. mills,
quotations of “ Local Securities” in this paper
the Stock Boardo
terms.
Palmer mills,
Renfrew mfg, Co.,
See
IF" First-class
Stocks,
Specialty lor 19 Years.
sion.
PT* Securities not dealt In at
OTIS,
City Railroad
Years.
pr Stocks and Bonds bought
Androscoggin mills,
Pepperell Mfg. Co.,
PARIS
47 EXCHANGE PLACE,
REQUIRED
Established Custom 22
Our
PHILADELPHIA.
AGENTS
AND
LONDON
ON
CHARLES
Days,
Made on all other
DAY’S NOTICE WHEN
UPON ONE
BOSTON
*41 Chestnut street
CO., PARIS.
MUNROE A
NEW YORK.
100 Summer street
LONDON
BANK,
AND ON
Every Monday and Thursday, or
Special Sales
V
117 A 119 Doane street,)
and
CONSOLIDATED
or
STOCKS
71 & 73 Thomas street,)
Issue Circular Letters of Credit for Travelers on
STREET, NEW YORK.
gar REGULAR AUCTION
15 Chauncby St.
PHILADELPHIA,
3. W. DAYTON, 230 Chestnut Street.
Street, New York,
No. 8 Wall
Stock Auctioneers and Brokers,
Cl*Icopee Jlfg Co.,
Saratoga
Financial.
Financial.
Commercial Cards.
AGENTS
[April 3,1875
.THE CHRONICLED
-
342
No.
STREET.
WALL
33
TRANSACT A GENERAL BANKING
BUSINESS
SOLD ON COMMISSION
MANUFACTURERS OF
SUPER-CARBONATE
OF
STOCKS BOUGHT AND
Deposit accounts received on favorable terms.
We give special attention to the Investment of
money, upon mortgages on improved Real Estate in
Chicago and vicinity, giving to capitalists, availing
hemselves of our services, Bafe apd profitable iuyest-
INTEREST ALLOWED ON DEPOSITS.
ments.
John Dwight & Co.,
and California.
We make a SPECIALTY of County, City and Schoo
District Bonds, GUARANTEE LEGALITY of all
bonds sold, collect the coupons without charge, or
take same as so much cash on sales. Pf” Send for
SODA.
No. 11 Old
The 'iODolng Trade
Olyphant
&
BANKERS A
Co.,
MERCHANTS,
COMMISSION
Represented by
104 Wall St., New
York.
JEWELL,HARR ISON
COMPANY.
PACKED
LARD
ALL
FOR
PROVISION DEALERS AND MANUFACTURER
OF LARD OIL AND STEARINE.
NEW YORK.
W m Pickhardt&Kuttroft
IMPORTERS
AND
No. 32 Pine
Branch Offices In
STREET,
NEW
Street, New York.
Philadelphia and Boston.
)Ponoro.
KUTTROFF,(Geneial Partners
ADOLF
B&DISCHK AN1LIN &
SODA FABRIK
Specia Partner-
CO., Ranker*,
York
J. Hickling & Co.,
BANKERS AND BROKERS,
72
BROADWAY,
Buy Stocks on margin and negotiate Stock Privilegea
any part of 100 shares. A 48 page pamphlet entitled
“THE ART OF SPEC ULATING IN WALL STREET,'
on
explaining terms used and various methods of
ing In stocks, will be sent free to any address.
operat
Tumbridge & Co.,
YORK.
BANKERS AND
—
WM. PICKHARDT.
St., New York.
beeping accounts with us (currency or gold)
may deposit and dr^w as they please same as with City
bangs, and will be allowed interest on daily balances
according to the nature of the account.
Orders for the purchase and sale of stocks, bonds
and gold will receive from us, personally, prompt and
careful attention. P. O. Box 2.647.
H.
&C|, &c.
price flO.
BROKERS.
Persons
CHEMICALS, COLORS, DYESTUFFS,
No. 23 Cedar
WALL
BONDS
17 Nassau St., New
BANKERS,
4
OF MUNICIPAL
W. N. COLER A
oL.cjlL.fCic^ci.
d&Co.
IN
,
CORPORATE* SECURITIES.
herchants
commissiON
&C
in
Geo. B. Satterlee.
CLIMATES.
ESTABLISHED 1841.
THE LAW
ume8,
AND
Per Cent.
just published by our senior, should be iu the handc
of all interested in this class of securities. Two Vol
,
OLYPHANT A Co., of China,
PURE
7 to 12
G. St. John Shbfibld.
price list.
FINANCIAL AGENTS,
DEALERS
RAILWAY
Hong Kong, Shanghai, Foochow A
Canton, China.
&
Ripley & Comp’y>
Slip, New York.
ONLY Supplied
R. Suydam Gbant.
J. Morse & Co.,
phlet mailed on application.
R. H. Allen &
Cc., '
Wagons, Carts, Tracks, Barrows
& 19 NEW STREET
and
Agricultural Implements for Ex*
port and tke Domestic Trade
189 & 191 WATER STREET,
New York.
A. B. LounsbeRy,
H.j. Morse,
Member N. Y. Stock Exch. Late Cash. DeYoe Mfg
Street, New York,
Established in 1843
—BANKERS,—
66 BROADWAY
39 Wall
Buy and Sell Stocks on Margins or for Cash
PUTS and CALLS negotiated at the lowest
market rates; $50 for 50 sliares, $100 for
100 sliares. Thirty-two page explanatory pam¬
Co
NEW YORK CITY.
@FedFRASER