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HUNT'S
MERCHANTS’
%
WrufeItj pnr$paper,
REPRESENTING THE INDUSTRIAL AND
VOL. 28.
COMMERCIAL INTERESTS OF THE UNITED STATES.
SATURDAY, APRIL 5, 1879.
CONTENTS.
THE
United State?
Sessions
331
An Intemat:on«l Ratio for Silver. 341
Financial Review of March
341
Commercial
.
....
THE
S.
Securities,
Railway Stocks, Gold Market.
Foreign Exchange, N. V. C»ty
Treasury Sta‘ement 342
The Debt statement for Mar., 1879
Latest Monetary and Commercial
English *ew8
nized
il Securities
319
and
Corporation Finances
330
THE COMMERCIAL TIMES.
Commercial
Cotton
Epitome
354 ] Breadstuffs
335 | Dry Goods
359
360
%\xt (Chronicle.
__
The Commercial
Financial Chronicle & issued
and
day morning, with the latest
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william
JOHN G.
b.
Dana,
floyd, jr.
f
~E0 ROPE'S
NEW INTEREST IN
SILVER.7
Our
people are scarcely alive to the change which the
silver question has undergone during the past few
months, we might almost say weeks. Only last summer
the United States asked for and obtained
a
conference of
the
leading European governments, and although rep¬
nr st of those governments
appeared
at onr convention they
did it under protest, and
when there, all with one accord began to make excuse;
finally, with true French politeness they patted us on
our backs,
wishing us God-speed in our single-handed
effort to “rehabilitate” silver. To the European vision it
appeared at that time as if specie payments here, meant
silver payments, and while indulging in that hope they
resentatives of the
could afford to let
us
rest unassisted
in the dilemma
which
they supposed the Bland bill had thrown us. Our
a convention was therefore
interpreted as simply
a
cry for help, and naturally enough they did not heed
it.
“Not for us but for you,” was the gracious bene-’
diction which followed our retiring delegates to their
call for
homes.
less than
eight months ago. Since then the
depression and disorganization in the trade of Great
Britain have been day by day developing, until now the
was
distress has become
one
based
of
the
foremost
remarks
of
those
hindrances.
meeting of
Commerce, held March
6, tJ
consider this very question.
Since then
the evidences of a great revolution in opinion have been
multiplying. On the 25th of March the Council of the
Liverpool Chamber of Commerce actually adopted a
resolution in favor of an international agreement for the
remonetiz ition of silver; and yesterday (Friday) a
deputation from the Chamber waited upon Lord Beaconsour
the
Manchester
field
to
Chamber
upon
the
of
present the same view.
But the most
important indications are those which
English government himself.
In the House of Lord-', on the evening of March 25tb,
when Lord Huntley suggested an inquiry into the causes
of the depression of commerce and agriculture in Great
Britain, Lord Beaconsfield discouraged 6uch a general
investigation, believing it would be without results,
but he added that the existing “ low prices were partly
caused by the depreciation of silver ; possibly an
inquiry as to the change in value of the precious metals
and its effect on English industry might hereafter be
desirable.” As we write we have not the report of
his interview with the delegation from the Liverpool
Chamber of Commerce.
Those,- however, who are
believed to have a knowledge of Lord Beaconsfield’s
views, represent that he is thoroughly in accord with the
movement to remonetize silver, and the above quoted
remarks certaiuly leave us to infer that he has deter¬
mined not to be behind public opinion in this matter.
come
from the head of the
“
WILLIAM B. DANA & CO. Publishers,
79 k 81 "Wuiiam street, NEW YORK.
»
Post Office Box 4592.
This
as
We
Investments, and State, City
345
every
of March 22, we
313
GAZETTE.
c
removing
thoroughly awake to the necessity of
impediment to recovery. In our issue
343
Quotations of Stocks and Bonds.. 348
L
are
NO. 719.
referred to this and to the fact that the
depreciation in silver was beginning to be widely recog¬
343
Miscellaneous
and
News
BANKERS’
Banks, etc
classes there
CHRONICLE.
Earopc’s New In’erest in Silver.. 337
Proposed Deb. Adjusments in
338
Virginia and Tennessee
The State Leg slature and Biennial
[onev Market, U
MAGAZINE.
so
general
that the mercantile
“
“
“
These facts and circumstances all indicate that
remarkable
we are
a
very
change is in process in Great Britain, and
confident that
we
do
not
overestimate the pro¬
that has been already made. Of course we are
that the English people are very conservative ;
that is to say, they do not give up their old tried ways
for new oues easily.
But any one who knows the exist¬
ing condition of mercantile affairs there, and has read
the history of the great free-trade movement in Eng¬
land—beginning with a very few merchants and manu¬
facturers and for a long time seemingly confined to them,
w'hile the great body of the nation and all the landed
interest were in opposition—will not have any doubts,
growing out of English conservatism, of the result of the
Distress was at the bottom of
present movement.
that reform, and merchants were the movers ; but that
distress was not nearly so widespread as the present, for
gress
aware
338
the
-
THE CHRONICLE.
[Vol. xxvm.
the evil then These statements help us to understand the meaning of M.
was more theoretical and not
by any means as patent Emile Guyot’s remarks, about a week since, in the French
as now, while the mercantile classes in those
days had Chamber of Deputies, to the effect that the French public
almost no influence compared with their present power. were looking to an export demand for silver
(where
The end will not be reached without opposition amd pos¬ from except from the United
States?) which would ena¬
sibly after a severe struggle, but the present suffering is ble them to reduce their stock of silver and “put France
so
very general and extreme, and evidently so largely in position to discuss a single standard.” Thus they are
due to the depreciation and demonetization of silver, still deluding themselv.es with the
hope, yes expectation,
that unless the United States encourages the idea which that the United States is to become a
silver-paying
still prevails in Europe that our currency must eventu¬ country, the dumping ground of their discarded cur¬
ally be based on that metal solely, the end cannot be rency.
doubtful or long undetermined.
We would, therefore, once again most
earnestly urge
It is not necessary for us here again to explain the upon Congress, now in session, to
temporarily repeal the act
manner in which Great Britain, and in fact all of
Europe) authorizing and directing the coinage of silver dollars.
is suffering from this single cause.
England is the great¬ That act, not only from the work done under it, but
est sufferer, being the largest producer, trader and more from the inferences
Europe is drawing from it,
creditor. She shares in the depreciations of every coun¬ is seriously delaying the remonetization movement now
try where her industries penetrate, and most of all in so evidently in progress. No country has equal interest
those of her own Indian Empire.
By this means with the United States in a restoration of the old rela¬
markets are being
closed to her, and as a con¬ tions. Our being the main producer of that metal,
sequence thousands upon thousands of her laborers and, therefore, directly affected by the decline in
are out of
employ, while very much of her machin¬ price, is by no means the most important con¬
We have seen that silver demoneti¬
ery,
a short time since so active, is lying idle. sideration to us.
We can see therefore
how
urgent and forcible zation is causing business depression in Europe; business
the appeal has become which the Manchester spinner depression or idle machinery and idle labor in
Europe are
and the Liverpool merchant are to-day urging upon the causing our cotton, breadstnffs, meats, &c., the
special
attention of the government. Progress in France is products of the South and of the West, to sell at ex¬
also very intimately connected with a speedy solution of tremely low prices. Remove that depression, set the idle
this question. Some French speakers and writers are laborers at work, and these productions will rise
again
advocating a single standard, but they are mainly in¬ in value. Have we not then, every one of us, a deep
fluenced by a supposed necessity which has overtaken interest in this question, and will not Congress, before it
the world in these latter days to disuse one of these adjourns, give expression to that interest.
metals, and by the hope of being able to get rid
of their silver through
the actionj of the United PROPOSED DEBT ADJUSTMENTS IN VIRGINIA
AND TENNESSEE.
States. So
long, however, as France has 600
The text of the new funding bill just passed by the
million dollars of silver in circulation (the latest esti¬
mate of one of her economists) she must, if we do not Virginia Legislature will be found on another page.
extend to her the hope of a market', continue anxious to The bill—which is conditioned upon the formal accept¬
follow the lead of Great Britain in establishing with the ance of its terms by the Council of Foreign Bondhold¬
United States an international ratio. The following ers, and the Funding Association of the United States,
table of the actual returns of the Bank of France, show¬ on or before the 1st of May—provides for the substitu¬
ing the stock of silver and gold held by the Bank Dec. tion of new 40-year bends, at 3 per cent for the first
31 of each year, is also suggestive of the interest France ten years, 4 for the next twenty, and five for the re¬
has in this question. It will be seen that last December maining ten, redeemable at option after the first tenthe Bank had on hand over 42 millions of pounds
sterling, year period. The exchange is to be made dollar for
or 211 millions of dollars in silver.
dollar, except that past-due interest is to be rated at 50
cents on the dollar.
The new bonds are expressly ex¬
COMPOSITION OF THE STOCK OF THE PRECIOU8 METALS HELD BY THE
BANK OF FRANCE
THE 31st DECEMBER OF EACH YEAR
(1850-1878). Ciphers (,000) omitted.
empted from all taxation whatever, and the coupons are
to be receivable, at or after
maturity, for all taxes and
Bullion
Coin.
Total.
and
General
debts
due
the
State
Year.
; eight millions of old bonds may
Foreign
Total.
Gold.
Silver.
Coins.
Gold.
Silver.
be presented for funding, this year, and five millions in
£
£
£
£
each half-year thereafter, until all are funded. The
£
£
700
1850..
860
17,236
1,560
17,236
18,796
1851..
168
3,328
19,212
3,496
19,212
22,708 two corporations above mentioned are to have the ex¬
1852..
136
16,940
2,832
2,968
16,940
19,908
1853..
4,180
272
7,932
4,452
7,932
12.384 clusive privilege of funding, so long as they present
1854..
4
7,448
7,216
7,220
7,448
14.668
1855..
400
1,660
6,156
2,060
6,156
8,216 bonds for that purpose according to the provisions of
1856..
968
2j304
3,912
2,984
4,200
7,184
the act; but in case they fail to so present them, or fail
1857..
388
4,783
3,856
4,024
5,008
9,032
1858..
628
10,724
10,180
11,124
*10,408
21,532 to
1859..
900
8,724
12,604
9,124
signify assent to the act within the time named, the
*13,064
22,188
I860..
984
6,036
9.948
5,460
*10,508
15,968 Governor has
1861..
204
8,956
3,708
discretionary power to make a like con¬
9,160
3,708
12,868
1862..
696
4,364
7,016
7,712
4,364
12,076 tract with
other
1863..
32
5,076
2.948
responsible parties In 1885, and
5,108
2,948
8,056
1864..
412
9,932
3,680
10.344
3,680
14,024
.1865..
11,184
4,856
1,464
12,648
4,856
17,504 annually thereafter, until all the bonds authorized are
1866..
18,104
5,484
4,280
22,384
5,484
27,868
1867..
paid, a tax of two cents on the $100 of all assessed valu
17,736
12,528
9,520
27,256
12,528
39,784
agricultural interests
were prosperous,
ON
?
.
*
*
*
*
*
*
'
*
*
1868..
13,748
18,992
1869..
1870..
1871..
1872..
1873..
1874..
1875..
1876..
11,564
20,024
11,324
19,244
23,260
21,940
32,512
39,836
22,404
6,928
*6,012
*2,968
1877..
1878..
36,384
50,740
38,052
2,552
3,172
4,924
6,064
12,536
20,168
25,544
34,616
42,324
25,312
26,952
17,148
22,136
*3,468
*
2,700
*
7,980
*7,168
10,476
24,452
40,484
10,700
1,292
47,084
39.344
26,348
46,972
61,216
18,992
22,404
*
2,740
*
3,248
*
5,304
*
6,252
*12,528
*20,200
25,544
34,616
42,324
44,304
49,356
19,888
25.384
31,652
30,704
53,012
67,172
86,760
81,700
81.668
column °* Bullion
of Foreign Coins represented for these
years, 1856-60,1870-75, the gold and silver, divided according to their
respective proportions in the columns of the Total of Gold and Si ver.
ations in the State is to be
collected, for credit of the
sinking fund.
The annual interest at
present amounts to about If
millions, and this will of course be reduced about onehalf for the next ten years
by carrying out the new
adjustment. The receipts for the fiscal year ending
October 1 last, deducting sundry items of temporary
loans and like transient ones, were $2,631,000, of which
April
5,
THE CHRONICLE.
1879.]
339
the contract is to be made
already control a large share
debt, and are probably in a position to influence
the rest.
The Tennessee proposition is, of course, put
in doubt by encountering at the start the opposition of
to pay 4 per cent upon the debt proper, whence the fea¬ heavy bondholders, and what they will decide to do
sibility of paying the proposed 3 per cent without being remains to be seen. Yet, it will be a great misfortune
burdened thereby seems to be unquestionable.
The if a settlement fails to be reached, in case of either
new bill, however, provides for emergencies by enacting
State, and still worse if—after being made as nearly as
that whenever there is not enough money on hand to possible an irrevocable contract by being first enacted by
meet accruing interest, the Auditor may raise it by a the law-making power and then accepted by the credit¬
temporary loan in anticipation of accruing revenues; and ors (in Tennessee, by the people also) as a deliberate
in case this resource proves insufficient, he may issue cer¬ pledge—there is any failure to stand by the agreement
If these settlements are to have any credit
tificates of indebtedness, not bearing interest, receivable to the letter.
for all dues to the State, wffiich may be sold at the and efficacy they must have the element of fixedness ;
minimum price of 75 cents on the dollar, or they may heretofore, they have been too much marred by the lack
be hypothecated, at the same rate, as security for tem¬ of it, and the inevitable result of repetition of failure
must be the loss of faith on one side, and, on the other, the
porary advances.
The Tennessee bill, which has just passed, originally moral insensibility which leads to repudiation.
The advantage to the creditors of a settlement is
proposed a settlement at 40 cents and 4 per cent interest,
but this was raised by the House to 50 cents, and was apparent, when we reflect that a debt fully com¬
finally accepted by the Senate in that form, the vote in mitted to default can have, at best, only a con¬
the latter body being 15 to 10, and in the former 42 to tingent value dependent upon, the ultimate adoption
nearly 1J millions were in coupons; the disbursements,
including the interest represented by the coupons, were
$23,000 less than the receipts. The Auditor has officially
expressed an opinion that the present tax rate is sufficient
31.
It is first to be submitted to the bondholders for
of the
of
some
basis of
settlement, and that the settlement
creation of market value which
did not
September, to the people for
As to the States to enlarge upon the
ratification.
Mr. Eugene Kelly, however, who sent a exist before.
dispatch to Nashville, while the bill was pending, that paramount advantages of settlement would be sheer
the proposed terms would not be accepted by him and superfluity.
In both these States there has been an
annual
decline
in the valuations during several years
the other bondholders he represents, is still of the same
mind, basing his disapproval not so much upon the past, and although it is quite possible that most or all of
extent of the reduction as upon the fact that the coupons the decline has been dictated by the desire to lessen tax¬
of the new bonds are not made receivable for taxes, and ation asmuch as by a decline in real values, the unsettled
that the bondholders desire to retain their lien upon the debts necessarily have operated as a paralysis of growth.
railroads.
The matter of that alleged but disputed lien A further advantage of these settlements, if they are
we discussed on February 15, and we need say no more
completed, will be in the material aid they will give in
about it now. The other point of objection—that bond¬ effecting similar results in other States, in counteracting
holders are asked to accept what the people of the State the ruinous disposition, more or less prevalent ail over
will not take—is of much practical importance and the country, towards evasion of public debts, and in
leaves the success of the arrangement somewhat in improving the feeling of confidence. The resources of
doubt.
It is noticeable, however, that the Tennes¬ the country never appeared so ample as now, nor was
see
proposition, even aside from the special points of its future ever so justly hopeful, with certain indispens¬
objection raised to it, is much severer in its terms able conditions assured, among which are an honest ful¬
than that of Virginia.
The Tennessee debt now filment of obligations, a sound money, aud faith in
As contributing towards every one of
stands at about 20£ millions of principal and four mil¬ ourselves.
lions of past-due interest ; at 50 cents, this would be these conditions, every step towards settling these
$12,137,000, and the interest at 4 per cent would be hitherto destructive debt troubles is an event for con¬
$185,480—about $400,000 less than that of Virginia. gratulation.
acceptance, and then, in
Virginia was 316J millions in
1878; in Tennessee, 223 1-3 millions. The Tennessee
tax in 1878 was only $223,000, the previous Legislature
having reduced the tax rate to ten cents on the hundred
is in
fact
a
The assessed valuation in
bill
requires an annual payment of
$100,000 from the railroads, and appropriates the same
“to the public debt.”
In both these States the proposed adjustment has
been reached after persistent and earnest efforts.
In
Tennessee, meetings of “ State-credit Democrats” were
held, a few days ago, at which resolutions were adopted
pledging earnest effort to secure popular ratification of
any bill, acceptable to the creditors, which the Legisla¬
ture might pass; but if no action should be taken by the
Legislature, or if the action taken should not prove a
settlement of the question, then a convention for deal¬
ing with it should be had. As this meeting was held
before the legislative action, an adjournment to April 4
was voted, in order to be able to pursue, at that time,
one of the alternative courses above suggested.
We see no reason for apprehending any practical dif¬
ficulty in securing the acceptance and carrying out of
the Virginia plan, for the two corporations with whom
dollars.
The
new
THE
STATE
LEGISLATURE
AND
BIENNIAL
SESSIONS.
It is
our
only a few weeks since we called
readers to the subject of biennial
the attention of
sessions of our
pleased to see that this ques¬
legblative bodies. We are
tion is now receiving some attention in Albany, and
that the concurrent resolution introduced
by Mr. Skinner
has passed the Assembly by a vote of 91 to 17.
This
proposal is to amend the Constitution so that the Legis¬
lature shall assemble every second year, instead of
annually, as at present; that Senators shall be chosen
for four years instead of ,twTo, and members of As
sembly for two instead of one; that the compensation
for each actual session shall remain as at present; and
that in case of extra or special sessions extra allowance
shall be made.
urged, and urged with as much propriety as
force, that such a change was desirable on many
grounds; that it would be an actual saving of the funds
of the State; that it would prevent hasty, ill-considered
and oftentimes wholly unnecessary legislation; that it
It
was
would
greatly simplify proceedings in our courts of law}
340
THE CHRONICLE
[VOL. XXX UU
that it would
The point he has discussed is a very inters
prevent much ruinous and utterly mean¬ our readers.
ingless litigation; that it would give rise to a feeling of esting one, and he presents it with his usual clear¬
ness.
general security, which excessive legislation and fre
qent changes in the law disturb, and that in many other
ways it would be a positive gain to the general commu¬
nity. It was also shown, a3 we have before pointed
out
in these columns, that the change would be no
novelty, annual sessions being held in ten only of the
thirty-eight States, namely in Louisiana, Maine, Con¬
necticut, Massachusetts, Mississippi, New Jersey, New
York, Rhode Island, South Carolina, and Wisconsin. In
three of these States—Maine, Massachusetts, and Connect¬
icut—it was mentioned that the initial steps were already
taken in the direction of the biennial system.
With
the resolution itself, and with a’l that was said in its
support, we heartily concur. We are really oppressed
with too much legislation; and it would be a positive
relief to have a little occasional leisure to study and
Sir.—I wrould like, with your permission, to sa}r a few words
in
reply to the view so widely held in all trading communities,
legislation cannot fix a definite ratio of value between gold
and silver. Till that view is dispelled, there is no chance of
converting the British public to “bi-metallism.” It lias much
on
the face of it to recommend it. All experience tends to
show that articles of commerce vary in value
according to sup¬
ply and demand, and that no power on earth can fix a perma¬
nent ratio of value between, for instance, cotton and wool or
that
iron and copper.
The subject of “
money” is a recondite one, and business men
apt without reflection to at^ply to it the principles they have
found to be true in the ordinary operations of trade. But as
soon as a careful examination of this
subject is male, it is found
that ordinary commercial laws are inapplicable to
monetary
questions. Let me illustrate this by referring to the history of
gold and silver since the beginning of this century. Silver was
produced far more largely than gold in the early part of this
become familiar with the old before we are culled upon century—the best authorities say three times as much. Then
to grapple with the new.
It was a poor argument which came the extraordinary gold discoveries of Australia and Cali¬
was used
by one of the opponents of the measure when fornia, which increased the yield of gold fivefold, and for
several years afterwards gold was produced to threefold the
he said that the logic of the resolution, if
fully carried value of silver—that is to say, the ratio of
production between
out, would lead to a policy which had its exponents in gold and silver has varied
ninefold since the beginning of the
the Khedive of Egypt and the Bey of Tunis.
There is century. If that'had happened between two competing arti¬
a difference,
surely, between good legislation and no cles of trade, we know that the relative value would have varied
legislation at all. Such arguments only reveal the weak¬ enormously. It actually did happen between cotton and wool
during the American Civil War, and the price of cotton, which
ness of the cause in defense of which
they are used.
used to be less than half that of wool, became
actually higher.
If there is any one of the points made in its favor
by But what happened in the case Qf the precious metals? Their
Mr. Skinner, on which we would be disposed to
lay less relative value remained identically the same. The quotation
stress than upon any other, we should
single out that of silver in the London market stood at 60d. to Gld. per ounce,
which refers to the actual saving to result. He stated with trifling oscillations depending upon the demand for ship¬
ment to the East.
In other words, the ratio of 1 to 15^2
that a session now costs the State nearly $500,000.
Ac¬
remained for 75
cording to the new arrangement, one-half of this money the two metals. years practically the exchangeable value of
would be saved every year.
This is no doubt of some
Now, if the “free-trade” theories are sound, it is perfectly
importance ; and, in a sense, it may be regarded as a evident that gold should have become far cheaper compared
necessary consequence of the biennial system, if once with silver after the discoveries of Australia and California than
in operation.
It has this one essential drawback, that it was before. The yield of these mines in twenty or thirty
it threatens the men who are asked to approve of it with years nearly doubled the stock of gold money existing in the
world, whereas that of silver money increased very slowly.
a very
heavy reduction of salary. If there is any strong
Why did not gold diminish in value compared with silver?
objection to the proposed change, the presumption is We have never heard an answer, or the
attempt of an answer,
that that objection will be found
among the members of to this question by our opponents. The reason is that no
the Legislature, and among them
only, and that when answer-can be given from their point of view, but an effective
formulated in so many wrords, it will only mean that one from ours.
members
of
State
the
Legislature
are
not to
be
are
The
is that France up
till 1875 coined both metals
making them equally full legal tender for
debts, at a fixed ratio of 1 of gold to 15Rz of
silver. Inside of France it was impossible for the medals to
vary
materially from that ratio, and outside of it only by the trifling
cost of carriage arid sometimes by the
payment of a small com¬
mission to bankers when a very heavy and
unexpected demand
for one metal arose, as happened with silver in 1364-6, when we
had to ship such enormous amounts to India to
pay for cotton
at four times its usual price.
For all practical purposes gold
and silver kept a fixed ratio of value to each other
up till 1875,
fur the sole reason that France was bi-metallic, and
thereby the
whole, world, and England more than any,
enjoyed the advanta¬
ges of bi-metallism. It is true that the people of this country
did not know the reason of it. They supposed that the
“intrinsic” or “natural” value,of silver as compared with
gold
ex¬
answer
without restriction,
the payment of all
pected to vote for
a measure the immediate effect of
which would be to reduce their pay by one-half. In
view’
of the infinitely greater gains w’hich could not fail to re¬
sult from the
adoption of the principle of biennial sessions,
we should
say, “ Let them keep their salary.” If the
work would be better done—and no one can
deny that
it would be better done—it would be a wise
economy to
allow the salaries, for a time at
least, to remain as they
are.
What we want, above all things, is to have
good
spread abroad
among the people, that for at least
a reasonable
period a good la v will not be supplanted
by a bad one, and thus to know where we stand, aud was about 5s. per ounce. It never occurred to them that it was
what we may do, without running the risk of
having our owing to an “artificial” or “legislative” arrangement by Fiance,
plans thwarted and our enterprise ruined by the law¬ and latterly by the combination of States called the Latin
maker; and if these results can be attained, as we believe Union. Wo wore like an ignorant man who never had indiges¬
tion and did not know’ he had a stomach, but after a severe fit of
they will be attained, bv biennial sessions of the Le^is’attire, it would n >t be an unwise policy to secure dyspepsia and after consulting a doctor found he had a delicate
appava. us for digesting food which could easily be put wrong.
the desired change, at even a
pecuniary sacrifice. So we have discovered in regard to silver. The closing of the
legislation, and not
a feeling of
security
The
mercantile
too much of it; to
classes
will
wish
the
movement
French mbits to sliver has
all
snapped the tie which bound gold
together, and there is no longer in the world a regul.i ing power. Precisely the same thing would have
happened
if in 13±3-50 Franco h addle monetized gold or ref used
arny longer
and silver
success.
AN
INTERNATIONAL RATIO FOR SILVER.
•The
GtirlA
wing letter
t.
Hw S
i
m! S
w
from
1
>
m;
the MmFcVir
'a;
r mu v
i
m
to
it to bo (v-iiied
!
as
util ieial tender.
C tU
*
U-1U T;
-
i1
.That
i/IPi
*
a w.
was
■: <
what 31.
1 g. .id iruxu
if-m wU. vud
we
April
THE
5, 1879.J
should have
seen
silver
amounting
up
to Gs.
per ounce
CHRONICLE
341
in the $150,000,000—might
London market; perhaps, after a while, to 10s. per ounce, and
such intense inconvenience would have happened that possibly
the
leading nations would have been discussing the question of
demonetizing the cheap and superabundant metal gold, and
sticking to the metal of more steady supply—silver.
Surely, if the bi-metallic machinery of France tided the world
through the crisis caused by the vast increase in the production
of gold, much more will the adoption of bi-metallism by
England, France and the United States, as we propose, tide us
through a period of large silver production. And it must be
remembered that, after all, the increase of silver production in
late years, even when added to the mass of silver demonetized
by Germany, is a trifle when compared with the huge addition
made to the gold supplies by Australia and California. The
annual production of silver is now about 14 millions sterling,
that of gold about 19 millions; and the amount of silver sold by
Germany may represent about five millions per annum for, say,
six years : so that the entire quantity of silver brought into
the markets of the world is just equal to that of gold. For
several years after the mines of Australia and California were
discovered, the amount of gold brought to market was three
times that of silver, but it was all absorbed without altering the
relative value of gold to silver, thanks to the bi-metallic system
of France. Surely an equal supply of the two metals can be
far more easily disposed of by a bi-metallic compact between
England, France and America ; and the latter two Powers would
only be too glad to join us, and would be soon followed by most
cause a disturbance in the money
which would lead to serious trouble for the time being.
market
Secretary Sherman, however, did much to relieve the appre¬
by making the payments for called bonds as easy as
possible, and not calling for the payments until the money was
actually needed to settle for the five-twenties coming in for
redemption. Towards the close of the month confidence was
again felt, and the demand for Government securities, as well
as other stocks and bonds, improved
materially. On the 20th,
the banks in New Orleans suspended payments as a precaution¬
ary measure to prevent a run on their currency reserves, but
resumed again on the 25th, when they had drawn in their bal¬
hension
ances
from the North.
The total transactions at the Stock
previous months,
were as
Exchange, compared with
follows:
December.
XJ.S. govcrum’t bonds $7,553,500
State bonds
1,935,000
Railroad bonds
,
12,775,000
Bank stocks.. .shares
870
RR.&miscel.stks “
3,749,253
January.
February.
$9,151,050 $6,224,550
1,659,270
25,132,300
1,874
1,269,000
22,609,200
1 992
4,710!495
6,338,282
March.
4,855,150
1,536,000
19,613,800
1,348
3,934,634
The
following summary shows the condition of the New York
Clearing House banks, the premium on gold, rate of foreign
exchange, and prices of leading securities and articles of mer¬
chandise, on or about the first of April in each year, from 1877
to
1879, inclusive:
1, 1877 TO 1879.
STATISTICAL SUMMARY ON OR ABOUT APRIL
civilized nations.
People
out against “ artificial” arrangements. It was an
“artificial” arrangement that made gold sole legal tender in
England in 181(5, whereas in past times sometimes silver only,
sometimes silver and gold combined, had been full legal tender.
It was an “ artificial” arrangement that made France bi-metallic
till 1875. Another “artificial” arrangement gave Germany a
gold instead of a silver currency. An “ artificial” arrangement
by this country some time ago made silver sole legal tender in
India. As a matter of fact, it is necessary and unavoidable for
all countries to decree what metal, or whether both metals, be
used as money; and to that extent “ artificial” arrangements
cannot be dispensed with.
We only ask for one legislative or
“
1879.
1878.
-
1877.
cry
artificial” act to undo what another
one
has done.
We ask that
law shall
New York City Banks—
Loans and discounts
$ 240,458,500 241,590,900 259,828,700
18,446,800
38,767,600
20,190,800
( irculation
$ 19,512,100 19,912,300 15,797,800
Net deposits
$ 198,945,600 210,378,400 219,738,900
Legal tenders
$
31,268,900
29,425,400
44,356,000
Surplus reserve (over 25 p.e.)$
2,979,300
9,612,070
15,598,400
Money, Gold, Exchange—
$
Specie
4
7 ©....
®6
2
®3
Call loans
4 ]o ® 51-2
Prime paper
6
®6
4 ®5
Gold
100
105
10114
Silver in London, per oz
54 34
54%
49t5]6
Prime sterling bills, 60 days.. 4 86 -4 861-2 4 87%-4 87% 4 84 -4 84
United Slates Bonds—
5-20 bonds, 1867, coupon
10214
IO714
111%
121 l,
6s, currency
11734
123%
102
IO51-2
111%
10-40s, eoui>on
4*28, 1891, coupon
104%
10318
99
10034
4s of 1907, coupon
Railroad Stocks—
New York Central & Hud. Riv.
Erie
Lake Shore & Mich. Southern.
114
106%
recognize what nature has always done—viz., supplied
89i4
2534
10%
4%
both gold and silver to mankind for apparently no valid use
65
71 »r
4314
86 is
6518
35%
Michigan Central
except as “ money,” and all history records that they always
13034
IO314
97ia
Chicago Rock Island & Pacific
have been used for money, and recent history proves to demon¬
74 %
Illinois Central
821-2
40ia
45
60%
31ia
Chicago
Northwestern, com.
stration that they can be tied together by a fixed ratio to the
18
413s
43%
Chicago Milw. & St. Paul, com.
55
58
immense advantage of mankind.
Delaware Lack. & Western
47%
9
38 q
Central of New Jersey.
1634
Gold and silver may be compared to two lakes—one fed by a Merchandise—
1034
11%
10%
Cotton, Middl’g Uplands.B>.
golden, the other by a silvern stream. The supply pouring into
33 ®4 8
33® 35
34® 42
Wool, American X’X
fl lb.
each lake varies very much from age to age; hence it might be
Iron, Amor, pig, No. 1 ..$ ton. 18 00® 18 50 18 00® 19 00 19 00®20 00
Wheat, No. 2spring...%! bush. 1 03® 1 05 1 25® 1 27 1 47® 1 53
expected that the level of the two lakes would vary accordingly.
43® 451-2
45®
56
34®
57
Corn, Western mixed..bush.
Pork, mess
But an extraordinary equality of level having been noticed for
^ bbl. 10 40® 10 50 10 15®10 25 15 00®
many years, a scientific investigation was made, and an under¬
BANK MOVEMENTS AND THE MONEY MARKET.
ground pipe was discovered which connected the lakes and
The bank movement of the month showed a decline in the
caused their waters to rise and fall simultaneously. This pipe
was the bi-metallic system of France.
But the pipe became surplus reserve of the Clearing House banks to $2,979,300 on
choked and a flood occurred in the silver stream, which made the 29th, and this was against a surplus of $15,598,400 about
that lake rise above its ordinary level; while a drought on the the same time in 1878, and $9,612,075 in 1877. The money
other side caused the golden lake to shrink far below its former market became decidedly firmer, and rates for call loans advanced
level. The stoppage of the pipe was the closing of the French to 6(d7 per cent, while the business in paper was checked by the
mint to silver, and till that block is removed the lakes will rise higher rates, as there were few sellers found at 5@G per cent.
and fall without reference to each other, and tlie sage econo¬
NEW YORK CITY BANK STATEMENTS IN MARCH.
-
...
mists will tell
us
that their “ natural”
or
“ intrinsic” level must
be determined
by the volume pouring into each, and that no
artificial” arrangement can withstand “ the laws of supply and
demand.” We say restore the connecting pipe, and we slialj
soon see which is true—the logic of facts or the speculations of
theorists.—I am &c.,
'
March 1.
March 8.
March 22.
March 15.
March 20.
“
Samuel Smith.
Liverpool, March 13, 1879.
#246,716,900 *247,674,200 *246.324,500 #243,839,800 *240,458,500
18,446,800
16,945,200
17.312.400
18,803,700
16,456,500
19,512,10®
19,290,900
19,236,000
19,335,200
19,232,400
213,429,700 213,293,100 210,568,300 206,591,400 198,945,600
42.651.800
40,593.800
34,268,900
39.173.400
36,972,600
I^egal tenders
2,979,300
4,128,450
4,215,725
3,844.975
5,750,875
Rurp.res.over25p.c
2fe5
5®7
20*4
1%<5)4
;
3 Hi
Range of call loans
6
4<g5
K’te of prime pap’r
3'AVA'A
4%«ti6
4(ag/
Loans and disc’nts
Sneoie
Circulation
Net deposits
1
INVESTMENT SECURITIES.
FINANCIAL REVIEW OF MARCH.
Subscriptions to the U. S. four per cent bonds in March were
only about $21,000,000, and the calls for five-twenties were for
presented a contrast in some respects to $30,000,000 only—$10,000,000 each on the 5th, 13th and 29th.
preceded it. There was a material decline The business in other classes of Government bonds, and in rail¬
in the volume of business at the Stock Exchange, resulting road stocks and bonds of the investment sort, were considerably
from the feeling of uncertainty which prevailed in regard to less than in previous months.
State bonds alone showed an
the money market in April. It was generally apprehended that increase in the volume of transactions, arising from the increased
the immense volume of exchanges to be made in April—the sales made in Southern State bonds, by reason of the changes
called bonds maturing in that month amounting to no less than taking place in the finances of several of those States.
The month of March
the two months which
Jt
THE CHRONICLE.
342
MARCH, 1879.
CLOSING PRICES OF GOVERNMENT SECURITIES IN
6s, 1881.
Mch.
5-20s coup.
5s,
4%s, 1891.
1881,
10-109.
4s,
cur-
coup.'rency
*02%
Jan. 31.
Railroads.
St. L. Iron Mt. Sc So..
16
do
assented
8
St. L. Kaus. C. & No.
do
3634
pref.
St. L. Sc S. Francisco.
10(5 5s
105%
106% 106%
105
106%
......
102
1
122
100%
105% 100%
United New
Wabash
Warren
■
100%
s.
100%
102%
10(5% 10(54 102%
101%
106% 106%
100
100
100
104%
104%| 10134
.
10*2
101
i
j
100
104%
104% 10434 100
!
1
122
106 % 102% 102%
104%
>s.
104%
101 •% IOI 3i!l(U3fl
101% 101 % 104%-104 bi
101 ill
101 %
104%
101 "
101% 101%!
104
1064
106%
106
195% 10534
OQ
i’02%
......
24... 105%
25... 105%
26...
104%!
106
i'0’1%
lot
109% 100%
......
Open! 100% 106% 102%
......
101%
......
......
101
101
102
34 101% KM %
101% 104%
104%
101%
101%
99% 121b»
99%
99% 121 %
99 b> 121%
*02% 10-1%
102% 104%
Low. 10534 10534 102
102% 101% 101%' 103%
Clos. 10(5% 106% 102% 102% 101% 102
104%
*30
38
Gold & Stock
Western Union
101%
......
Express.
Adams
American
United States
Wells Fargo
74
137%
137%
80
80
22
*80
34
48
*40%
35%
38%
*17%
Homcstake Mining
Pennsylvania Coal...
25
137
2734
39%
pref.
*33%
33%
105
*135
48
1
t5
tl%
40%
15%
35%
40%
*75
xl00%
106%
*47%
*47
98%
100%
27%
134
35
137
......
......
......
......
x39%
12
*33
48%
x35%
50
49
47%
27%
136
3
1
12
do
106%
21
39%
68%
107
50
49
100
21
24 %
330
tl 4%
49%
39%
78%
109%
49%
Quicksilver Mining..
44
x35
108
100
....
83
106%xl02%
50
:U
17%
83
106%
96%
......
18%
x72%
135
*134%
20%
21%
135
*65
6%
8%
19%
74%
x68%
38%
...
47
Coal and Mining.
Consolidation Coal...
.
23%
105%
48%
7%
9%
11
81
98
50
*x99
Mariposa*Land Sc M.
do
pref.
Ontario Silver Min’g.
13%
(53%
136%
21%
......
106%
49%
4
4%
99%
x32%
......
*2%
*2%
11
40%
12%
31%
36
80
80
x40
*12%
*34%
Gas.
Citizens’
99%
102% 102
23
Telegraph.
American District...
Atlantic & Pacific....
9«1.V1‘»1
9934
s.
102
High-lOG^s 106% 102% 102% 102
......
..
io:i%
104
105%
102%
99%
,s-
102
......
99 b> 121%
-
102% 101% 101%
......
27... ioo% 106%
28... 10<5bi
102%
29... 100% 106%
30...
1
LOG^h 106%
99% 121%
99%
Jersey..
......
5%
6%
10
9%
65
Union Pacific
.....
3%
4%
4%
pref.
1st pref.
-March-
,
High. Feb.28. Low. High. Mar.31.
15
16% *14
16%,
15%
14%
14
J
15%
14%
9
73t
8%
7%
8%
8%
35
31
34
37% *35%
35%
......
do
do
“ *05%
105
10 4% 105
104% 105
102%
106 b)
.
,
Low.
......
s.
4...
ft
«...
7...
S...
9...
10...
11...
1*2...
13...
14...
ir>...
id...
17...
IS.’..
...91
..02
21...
*
February
,
Os,
I
Reg. Coup 1867. 1868. Reg. Coup coup. Reg. Coup
I...
2
[Vol. XXVIIL
105% *05% 100% 1 22
105% 105% 100% 122
100% 10 4
99% 121%
104% 104% 99% 121%
Kx coupon.
Various.
Canton
Del. Sc Hudson Canal
N. Y. Life & Trust Co..
Pacific Mail
Pullman Palace Car..
Sutro Tunnel Co
30
45
3(50
15 %
x85
2934
*29%
42
38%
3(50
12
10%
x80%
81
*27%
40%
......
33%
x85
42
40%
12
34
84
13%
78%
4
234
*25
......
38%
4%
2%
*3%
CLOSING PRICES OF CONSOLS AND IT. S. SECURITIES AT LONDON IN MARCH.
*
!
1..
O
Cons’l jmoney,
for
Meli
4 %s
of
5s of
4 a of
1881. 1891. 1907.
8
22
>>
5 3
3
Meh
£ '+* O
9G%(j
.
104% 10634 107% 102% 20
104% 106 34; 10734
104
106%; 10734
104% 10(5%! 107%
104
106% 107%
104
104
102%
102 34
102%
102 34
106% 107% 102%
10(5%'107% 102%
b.
104
......
106%
106%
106%
106%
104
106%
10334 106%
104
104
104
..!971ig
21 ..!96i%fi
22
961% (j
23..
24.. 961310
25.. 96%
26.. 961 %6
27.. 97%h
28
97 s lfi
29.. 97%g
..
..
107%: 102%
107%' 102% j 30..
107%|102% |31.. 97%g
107%i 102% lOpn 9(5'r>ic
107% *01% jllgli 97%g
107% 101% Low 96%g
5s of
4s of
of
1881. 1891. 1907.
tH
10334 106% 107% 101%
103% 106% 107
101 %
IO334 100% 106% 101%
s.
106% 106% 101%
10334 106% 106% 101%
1033i 10(5% 106%! 101%
104% 106% 106341101%
10 4
10(5%% 07% 101%
101
106%
107% 1013*
S.
[Clos
....
Foreign exchange was steady, with prices keeping inside of
specie shipping point throughout.
The transactions in
bonds was the principal element affecting the rates from week
the
to week.
BANKERS’ STERLING EXCHANGE FOR MARCH,
Mcli.
3.
<_»
..
,
«>
104 % 106% 1073*
104% 106 34 i 107%
101 % 10(5%il07%
10334 106%! 106%
104% 106 %! 107 %
101%
102%
102 34
*101
101%
—
Ex coupon.
RAILROAD AND MISCELLANEOUS STOCKS.
J Ex-privilege.
EXCHANGE.
i’0334
S.
97 lift
104
10(5% 107% 101% 185*0 Jan. 1
103% 10(5% 107% 101% j II.. 97iio Ill
10934 109%: 102 3.
103% 106%; 107% 10 L% 1 L.. 95%
*0334 106%! 10(5% *101
......
t Prices asked.
4%s
8
£
0
Prices bid,
ai
O
1
:l 967iG
4.; 96%
5.. 96%e
(}.. 96 %6
7.. 9«716
8.. 96%g
9..
10.. *>071G
11.. 00710
12.. 9(»7i(j
13.. 9(5%0
14.. 90M ie
15.. 961316
1(5..
17.. 9<5l%c
IS.. O611 ic}
19.. 9(513-^
*
8
4
5
(5
7
8
60
...
...
...
...
9
10...
11
12...
13
14
2 5...
16
17
...
...
18
S
S
4-89%® 4-90
1-89 %® 4-90
4-89%® 4-90
4-89%® 4-90
4-89 %® 4-90
4-89 %5 4-90
4-8(5% 54-87
4-86%5>4-87
L-80%®4'87
4-8(5%54-87
4-86%® 4*87
4'86%®4"87
4"80%®4"87
4-8(5%: ® 4-87
4*89%® 4-90
4*89 ®4-89b
4"86%@4:87
l'80%®4-87% 4'89%® 4*90
Demand.
days.
4-8G%®4-87
4-86%®4-87
20
4'86%®4"87
22
23
24
25
26
27
28
29
30
31
1-89%® 4-90
4-89%®4-90
60
3 9...
21
s..
..
...
Melt.
4-85%®4-86% i-88%® 4-89%
1,86%@4*87
...
1
Demand.
days.
1879.
...
...
...
...
...
...
...
4*89
8..
...
...
4-89
4-86%®4-87
4-8G%®4\87
...
...
4-89
4-81f
4*89
4‘85%®4-86
4-84%®4-85%
4-84%®4-85%
4"85%®4"86
4'85%®4-86
4-85%® 4-86%
®4*89%
®4-89%
®l-89%
....
......
4-87%®4-88%
4*87%®4-88
4-87%®4-88
4-88 ®4-88%
4-88 ®4-88%
4-88%® 4-89
S..
...
...
®4-89%
®4-89%
4'85%®4-86% 4-88%® 4-89
Speculative stocks showed much less animation in March, and
4'86%®4"87% 4-89%®4-90
3..
Range 4-84%®4-87% 4-87%® 4-90
quite dull with considerable depression
4*86 %® 4*87% 4-89%®4-90
1
in prices. There were no conspicuous movements on either side
of the market, and toward the close of the month prices were
UNITED STATES TREASURY STATEMENT.
much firmer, with a general recovery in tone.
The following statement from the office of the Treasurer for
The following table will show the lowest, highest, and clos¬
It is based upon the actual
April 1 was issued this week.
ing prices of railway and miscellaneous stocks at the New York returns from Assistant
Treasurers, depositaries and superintend¬
Stock Exchange during the months of February and March:
ents of mints and
offices.
.
*
at times the market was
...
.
...
assay
RANGE OF STOCKS IN FEBRUARY AND MARCH.
February
*
Railroads.
Jan. 31.
Albany <fc Bnsq’hanna
Burl. Ced. Rap. Sc No.
Canada .Southern....
Central of N. Jersey.
Cites. Sc Ohio, 1st pf.
Chicago & Alton
do
pref.
Chic. Burl. Sc Quincy.
Chic. Mil. 6c bt. Paul.
do
pref.
*81
*23
56
43:%
8534
11(5%
42%
83
Chie.-tfc Northwest...
60%
do
pref.
Chic. Sc Rock Island.
Kiev. Col. Cin. Sc Ind.
Clev. Sc Pittsb., guar.
Col. Chic. & Iud.Cent.
Del. Lack. Sc WestTu.
85
127%
46
93%
*5%
*■
do
Harlem
i>ref.
55
3(5%
x78
107%
115%
37%
7934
56%
86%
126
30%
x92
5
Michigan Central
Mo. Kalis. Sc Texas
Morris Sc Essex
N. Jersey Southern..
N. Y. Cent. & Hud. R.
New York Elevated
N. Y. N. H. & Ilartf’rd
Ohio Sc Mississippi...
do
pref.
..
.
(5%
54%
27%
49
43%
14%
37%
50
87%
U2
82
11 %
16%
x92
*5%
50
58%
25%
44%
15%
..
pref.
112%
H5L>
79%
51%
x83%
128
40
90
5
4 1%
57
23%
42 Jo
14%
44 %
42
43%
160
*3 50
xl 52%
154
88%
22%
82%
17%
79%
17
7%
72 b>
435
88%
6%
83
2%
11634
140
160
10
Panama
*12 4
Pittsb. Ft. W.&C.guar. 105%
Reh&sel’r& Saratoga.
St. L. Alton &T. H
2%
95
5
75
108
x
122% xllG
42%
38%
85%
82%
64%
5(5%
91%
87%
3 31%
135
43
4(5%
(51
117
x78
pref.
Lake Shore
Louisville & Nashv..
do
1 10
24
.
do
87
2(5
34%
3 8 34
(59%
5
80
110
115%
41%
83 *s
(50%
89
133
44
5%
50
57%
25%
4(5%
16
45%
155
154
82
OO
21
8
23
(58%
72%
41
8(5%
89%
88%
7%
82%
49
88 34
11
9
8(5%
9%
30
126
105
100
3%
9
3%
120
141
160
13
40
136
107
84
2%
117
7%
81%
1%
xll2
140
*159%
11%
33%
1593s
*133
106
107% 100
4
9
tio%
130
x 103 34
94
9%
28%
3%
10
84 34
2%
117
170
1(50
12%
37
135
*57
25%
46%
1534
44%
82
L>
71%
42%
6
43%
91%
*5
48%
xl53
72%
42 34
82%
2%
115%
111 34
.41%
X8034
(50%
x88%
xl30
92
OO 3a
7%
*22%
71%
48%
86%
9%
84
"
t2%
xll4%
+151
*160
12%
37
1135
106% *.\03%
101% *99
3%
10
1.
,
80 '
35
135
158
LIABILITIES, APRIL
-March
,
High. Feb.28. Low. High. Mar.31.
80
82
87% *80
82
32
33
33
*29%
29%
58
63 %
53%
55%
62
35
47%
38%
39%
38%
49%
58%
*145
do
prof
Illinois Central
Kansas Pacific
Keokuk Sc Des Moines
79%
23%
51%
Dubuque & Bioux C..
Erie
do, pref
Hannibal & Bt. Jo
Low.
s
Fund for redemption of certificates
Post-office Deputtment account
of deposit, June 8, 1872.
...
$27,725,000 03
2,253,554 CO
Disbursing officers’balances
Fund for redemption of notes of national banks
“in liquidation,” and “reducing circulation”
..
_
“failed,”
12,412,223 75
Undistributed assets of failed national banks.
Five per cent fund fur redemption of national bank notes.
Fund fur redemption of national bank gold notes
Currency and minor coin redemption account
1.189,371 03
13,710,180 SO
1,720 00
4,477 89
Interest account
Interest account. Pacific Railroads and L. & P. Canal Company.
Treasurer LJ. S.. agent for paying interest on D. C. bonds
..
....
Treasurer's transfer checks outstanding
Treasurer’s general account—
10,097,673 60
»...
111,618 50
8,130 00
52,1(54 42
2,327,190 87
Special fund for redemption of fractional cur’ncy $8,453,691 CO
Interest due and unpaid
5,328.020 40
Called bonds a-.d interest
Coin certifica es.
'<,997.9:16 44
18,631.23 ) 03
3?\9C3,5i4 63—412.319,702 49
Balance, including bullion fund
$188,243,607 45
ASSETS, APRIL
1.
Gold coin and bullion
Sta- dard silver dollars
Silver coin ancl bullion
Gold ceriiticates
Silver c* rt licates
United States notes
\
U. S. notes (special fund for redemption of fractional
National bank notes
National bank gold notes..
Fractional curency
Dj> osits held by national bauk depositaries.
.
Nick Is and minor coins
New York and San Francisco exchange
One am two year notes, <S:c
Redeemed certificates of
deposit, June 8,1S72
Quarterly interest checks and coin coupons paid
Registered and unclaimed interest paid
U. S. bonds and interest
Interest on District of Columbia bonds
Pacific Railroad Interest paid
‘
Sneaker’s certificates
....
Deficits, unavailab.e funds
IIS5,416,125
21,558,894
15,116,445
50,740
2,074,830
07,370,677
currency).
85
00
80
00
00
54
8,158,991 00
5,434,5?2 00
108,020 00
111,913 50
226,681,802 01
1,481,022 59
778,500
496
2,580,000
330,080
352,056
1,498,117
00
50
00
57
50
05
810 87
30 00
148,673 87
690,848 30
$458,243,607 45
S'
April
THE CHRONICLE
5; 1870.]
THE DEBT STATEMENT FOR
The
MARCH, 1870.
following is the official statement of the public debt as
returns at the close of
appears from the books and Treasurer's
business on the last day of March, 1879:
Interest-bearing: debt.
Authorizing
Character of Issue.
Act.
June 14, '58
Feb.
8, ’61
March 2, *61
8s of 1858
6s of 1881
fie, Oregon War
July&A.,’61
March 3, *63
March 3, '64
6s, 10-40’s
March 3, '65
6s, 5-208 of 1865
March 3, ’65
6s, 5-20s of 1867
6s, 5-20s of 1868.-.../. March 3, ’65
6s. Funded Loan, 1881 July 14,’70
4#s,
do.
1891 July 14, ’70
1907 July 14, ’70
4a,
do.
6s of 1881
6s of 1881
3 b, navy
When Pay ble
1874 J. & J.
1880 J. & J.
1*81 J. & J.
1881 J. & J.
1881 J.. & J.
1904 M. & S.*
1885 J. & J.
1887 J. & J.
1888 J. & J.
1881
Q.—F.
1891
Q-M.
19u7
Q.-J.
J.
penshi f’d,’68 July 23, ’68
& J.
GO
Registered.
a
$260,000
14,047,000
b
4,368,000
945,U00
57,960,500
18,932,750
50,233,850
153,562,550
.
20,964,500
250,981.300
84,336,050
160,226,350
••
1,183,560.550. $802,510,850
14,000,tOO
••
sizes or
denominations of each issue of bonds
are as
on
There is
a total amount of over-due debt yet outstanding, which has never
presented for payment, of $7,672,160 principal and $325,776 interest. Of
tills amount, $6,946,650 is on the “ called” five-twenties.
been
Authorizing Acts.
July 17, 1861; Feb. 12, 1862
Feb. 25, 1862; July 11,1862: Mai*. 3,1803
Certificates of deposit.. June 8,1872
Fractional currency.... July 17, 1862; Mar. 3, 1853; June 30,1864
March 8, 1863
Gold certificates.
Silver certificates...
February 28, 1S78
Refunding Certificates. February 26^ 1679
316,681,016
27,680,'*00
15,925,662
26,304,760
2,326,530
13,070
$409,032,903
Aggregate of debt bearing no interest
8/47
.
Recapitulation •
Interest.
$589,424,750
701,266.650
250,000,000
449,400,000
cent
14,0 0,04
Total interest-hearing debt
Dbbt on which Int. has cbased since Maturity.
Dbbt bearing no Interest—
Old demand and legal tender notes
2,006,091,100
7,672,160
27/ 80,00v
15,92 \ 66.
IS, 81,410
53,070
Refunding Certificates
Total debt bearing no interest
Unclaimed Pacific RR. interest
Total
Total debt,
$21,156,877
325,776
$346,742,941
Certificates of deposit.
Fractional currency
Gold and silver certificates
110 V 82,903
.
8,647
$2,422,796,46 >
principal and interest, to date, including interest due
$25,091,260
not presented for payment
Total cash in Treasnrv
$2,447,667,724
Debt, less cash in the Treasury, April 1, 1879
Debt^ less cash in the Treasury,' March i, 1879
$2,027,10\265
2,026,207,541
420,787,458
.
$892,724
8.6*6.575
Current Liability s—
Interest due and unpaid
Debt on which interest has ceased
Interest thereon
Gold and silver certificates
United States notes held for redemption of certificates of deposit
United States notes held for redemption of fractional currency...
$5,328,020
7,672,160
325,776
18,631,230
Called be nds not matured for which 4 p. c.
bonds have been issued.
Cash balance available April 1,1879
20 *,447.700
:
141,243,58*
27,680.’ 00
8,458,991
$420,787,458
Available Assets—
Ca«h in he Treasury
420.787,458
Bonds Issued to the Pacific Railroad
Amount
|
1
Interest
paid by
Outstand’g. United
Central Pacific.
Kansas Pacific
Union Pacific
Central Branch, Union Pacific..
Weetern Pacific
Sioux City and Pacific
The Pacific Railroad bonds
St’s
lntei est
repaid by
tr’nsp’t’n.
Haiance
of
Int.
paid
by U. S.
4,427,523
17,603,992
1,117,808
1,136,197
1,024,651
1,766,530
6,208,4*3
78,142
9,367
86,258
2,660,992
11,395,509
1,0)4.665
1,126,880
933,392
$64,623,512 $41,773,745 10,706,052 $31,069,692
are
all issued under the acts of Jnly 1,1862, and
2,1864; they are registered bonds in the denominations of $1,00», *5,000
July
and
$10,000; bear 6 per cent interest in currency, payable January 1 and July 1,
and mature 80 years from their date.
107%
101%
107%
101%
24%
2578
25%
25%
82%
83
84
84
1067a
97®ia
97»ie
104%
104%
10670
107%
104%
104
104%
104%
10670
107%
107
101%
101%
25%
84%
107%
101%
25%
84
35%
35%
Philadelphia A Reading. 12%
Sat.
d.
s.
Flour (ex. State) $ bbl. .23 6
Wheat,spr’g,No.2,1001b
Spring, No. 3...
“
7 11
Winter, West.,n.
“
9 1
Southern, new.
“
9 4
“
“
9
9
1
5
Corn,mix,sft,old,$cent’l 4
Prime,
8
4
“
new
6
Sat.
d.
s.
mess..
Short clear, new
“
.
27
6
0
O
Beef, pr. mess, new,$tc.74
Lard, prime West. $cwt.33
Cheese, Am. choice. “ 45
13
cotton.
on
Mon.
8.
d.
23 6
Tues.
8.
23
Thurs.
s.
d.
23 6
Wed.
d.
6
8.
23
d.
6
Fri.
d.
s.
23
6
„
7 11
9 1
9 4
9 1
9 5
4 8
4 6
7 11
9 O
9 3
9 1
9 5
4 8
4 6
7 11
9 O
9 3
9 1
9 5
4 8
4 6
7 11
9 O
9 3
9 1
9 5
4 8
4 6
Tues/
8.
d.
50 O
26 6
27 6
Wed.
d.
s.
50 O
Thurs.
„
T
7 11
9 1
9 4
9
1
9 5
4 8
4 • 6%
0
Mon.
8.
d.
50
26
27
74
33
44
O
6
6
0
3
0
74* 0
33
44
O
0
26
27
74
33
44
50
27
27
74
33
44
6
6
0
O
0
0
0
6
0
3
0
tf.
8.
50
27
27
74
33
44
O
3
9
O
6
O
•
••,
Sat.
Moil.'
d.
d.
Petroleum, ref
$ gal.7%®778
Petroleum, spirits “
Fri.
d.
8.
London Petroleum Market.—
7%
Tues.
d.
77e®8
Wed.
Thurs.
d.
8
d.
8
Fri.
d.
@8%8%«'8%
7%'2>8%
...
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show
an increase in
both dry goods and general merchandise.
The total imports were $6,430,784, against $5,803,558 the pre¬
ceding week and $7,075,817 two weeks previous. The exports
for the week ended April 1 amounted to $6,754,971, against
$6,098,015 last week and $5,900,575 the previous week. The
following are the imports at NewYork for the week ending
(for dry goods) Mar. 27 and for the week ending (for general
merchandise) Mar. 28:
FOREIGN IMPORTS AT NEW YORK FOR TIIE WEEK-
Dry Goods
1876.
1877.
1878.
1879.
$2,206,005
$1,940,648
$1,765,151
$2,267,560
$4,561,062
70,202,072
$6,430,784
70,683,674
General mdse.c.
5,241,166
6,083,335
Total week
Prev. reported..
$7,447,171
79.798,214
$8,023,983
76,487,995
Tot. s’ce Jan. 1..
4,163,224
2,795,911
$87,245,385 $84,511,978 $74,763,134 $77,114,458
report of the dry goods trade will be found the imports
for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of Ne^ York to foreign ports for* the
week ending April 1:
In
onr
dry
gooas
^
.
EXFORTS FROM NEW YORK FOR THE WEEK.
1877.
1878.
1879.
$4,449,173
$3,901,319
$6,316,755
55,621,776
60,652,109
82,136,770
$6,754,971
72,092,407
$60,070,949 $64,553,428 $88,453,525
$78,847,378
1876.
For the week....
Prev. reported..
Tot. s’ce Jan. 1..
The following will show the exports of specie from the port
of New York for the week ending Mar. 29, 1879, and also a
with* the
•
.
San Domingo
Ailsa
Mex. silv. dola.
Am. silv. dols..
$6,000
Greytown
Am. gold coin.
'
Lessing
4,000
6,000
Am. gold dols..
..,998
5,000
Savanilla
Am. gold coin.
Am. silv. bars.
Liverpool
Am. silv. bars.
Am. silv. coin..
31,177
London
Am. silv. bars.
Am. silv. bars.
45j;336
Port Prince
Adriatic
;
Porto Plata
Cape Hayti
iv
*
29—Str. C. of Richmond..Liverpool
29—Str. Oder
.London
■
6,'275
4i30O
19,000
Am. silv. bars.
191,280
Mex. silv. dols.
50,000
($358,368 silver, and $11,998 gold)
Previously reported ($4,543,148 silver, and $143,787 gold)..
$370,366
4,686,93^
29—Str.
Total
104%
March.
$25,885,120 $16,463,572 $2,561,270 $li,PO>,302
6,303,000
27,236,512
1,600,000
1,970,560
1,628,320
104%
49%
97316
97316
comparison of the total since January 1, 1879,
Companies, Interes t corresponding totals for several previous years:
Payable in Lawful Money.
Character of Issue.
2576—Str.
97316
975la
97516
104
Pennsylvania
of
Increase of debt daring the past month
Decrease of debt since"June*30,1878
.....
973ia
Fri.
Apr. 4»
Apr. 3.
49%
Commercial andl^tisceXXaneons Uems.
Amount
Outstanding.
per
Erie, common stock
Illinois Central
97ii*
97i16
104%
10678
$ bbl. 51 0
Bacon,l’ngcl’r,new.cwt.26 6
$61,925
..
Navy pension fund at 3
Consols for money
97 im
Consols for account
97%a
U. 8. 6s (5-20s) 1867 ...103%
U. S. 10-40s
..104
U. S. 5s of 1881
10670
U. S. 4*28 of 1891
.107%
U. S. 4s of 1907
101%
Pork, West.
Amount.
Old demand notes
Legal-tender notes
Interest-bearing Debt—
Bonds at 6 per cent
Bonds at 5 per cent
Bonds at 4)4 per cent
Bonds at 4 per cent
Silver, per oz
Thurs.
Liverpool Provisions Market.—
Debt Bearing: no Interest.
Unclaimed Pacific RR. interest
Mon.
Sat.
Tues.
Wed.
Mar/29. Mar. 31. Apr. 1. Apr. 2.
50%
d. 50%
49i516 49%
Av.Cal. white..
California club.
Which Interest Hat Ceased Since Maturity.
Character of Issue.
Money and Stock Market.—The bullion in the Bank
England has decreased $203,000 during the week
of
Liverpool Breadstuffs Market.—
follows: (a) Coipon,
$1,000; registered $5,000. (6) coupon $1,000; registered $1,000, $5,000, $10,000.
(e) $50, $100 and $500. (d) coupon, $50. $100, $500 and $1,000; registered, same
and also $5,000 and $10,000.
On the above issues of bonds there is a total of $5,323,020 of interest over-dne
and not yet called for. The total current accrued interest to date is $19,428,817.
Debt
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary;
Liverpool Cotton Market -See special report
12,006,091,400
Coupons of $50 and $100 bonds are paid annually in March.
The
The
$
131,360,850
56.667,250
144,332,450
114,744,250
18,472,100
257,459.050
165,663,950
2*9,173,059
Aggregate of interest bearing debt...
*
English Market Reports—Per Cable.
London
Coupon. ‘
c
d
d
d
d
d
d
d
,
lUmiefcirjj s ©ommcvcial^tiflltsh P-exus
Bonds Outstanding.
Interest
a3
Periods. N
343
Hadji
Total for the week
Tot. since Jan. 1, '79
St. John, P. R
St. Thomas
Am. silv. coin..
••IjOOO1
($4,901,516 silver, and $155,785 gold)..$5,057,301
344
THE
Same time in—
1878
$4,1530,846
1877
3,436,106
1876
12,832,837
1873
16,822.281
The imports of
been as follows:
March.
24—Str.
Same time inI
Same time in—
1874
$8,867,170 I 1870
$6,650,814
1873
15,508,501 1860
0,352,612
1872.....
6,130,055 1808
10,005,451
1871
14,078,464 | 1867
7,014,250
specie at this port for the
Hadji
CHRONICLE
same
periods have
$3 4,021
Am. silver
Aiu. gold
Foreign "old...
.Laguayra
8,474
4.230
48,8t>5
21—Str. C. of New York. .Vera Cruz
Am. "old
3,120
5,2 40
Foreign gold...
Silver bar
25—Str. Camilla
.Hamilton
25—Str.
.Aspinwall
Acapulco
88
Am.
gold
Foreign gold...
4,8 42
15,578
8.452
10,800
Am. silver
Foreign silver.
.Curacoa
25—Brig Thetis
27—Str. Morro Castle
Havana
28—Brig Emily
—
The fo lowicjf id the statement of the Comptroller,
showing
the issue and retirement of nation! bxnk n >tes ail
legal-tender
notes, uader tin Acts of June 2D? 18T4, ani January 14, 1675, to
Anri 11, 187 h
National bink not
National bauk notes increase from Jane 20,
Total redee ned and surrendered
National ba ik notes issue 1 b 'tween
Am. silver
Am. gold
$1,002,591
U. S. Legal Tenders
1.034,563
575,625
2,838,077
-
and
$4,714,500
2,707,231
National bank notes
$151,232
1,037,2)5
$.51,831,459
$73,420,102
10,63.',652
$54,037,954
same
dates
57,8)6,730
Decrease from Jan. 14, 1375, to d to
3,000
26,201,174
outstanding at date
$125,660,276
2,710,517
..
Greenbacks
Same time in-
$341,891,131
1374, t> Jan. 14, 137).
National bink notes outstanding Jan. 14, 187)
Na ional bank notes redeemed and retired from Jan.
lL 1375, to date
National bank notes surrendered be.ween same dates.
250
950
270
was
.....
1,734
($2,424,723 silver, and $437,026 gold)..$2,861,740
1874
1873
1872
1871
when Act of Jana 21, 1571,
N iti Mia! Vink notes issued from -June 20, Io71, to Jan.
14. 1555
,
National bams notes redeemed and retired bet.veeu
same d i tes
silver
Am. gold
($104,486 silver, and $46,746 sold)
Previously reported ($2,320,237 silver, and $300,280 gold)
Same time in1878
$5,208,831
1877....... 5,307,015
1876
1,403,069
1875
4,405,451
oat stalling
1,300
Tstal for the week
Tot. since Jan. 1, *75)
3s
P'S-ed
Am. gold
Am. silver
Am.
.Belize
[Vot. XXVIH
Same time in1870
$6,035,703
1860
4,706,948
1868
2,540,021
1867
480,800
National Bank Notes.—From
deposit in the Treasury June 20, 1874, to retire
liq li tating b i k«
Greenbacks deposited from Juae 20, 1374, to date, to retire na¬
on
notes or ins event a id
tional ba ik notes
Total
85,174,557
deposits.'
Circulation
re
$3,813,875
$38,938,232
ieemed bv Treasurer between
sime
dates without
re-issne
76,167,534
the
Comptroller of the Currency, Hon. John Jay Knox, we have
the following statement of the currency movements and
Treasury
balances for three months past:
U.8. Bonds held
348,939 2 X)
^
deposits
Legal- Tender Notes —
Deposited in Treasury under act of June 20,
1874
Total now
13,937,300
1,(31 640
on
$12,800,698
Greenbacks, retire! underact of January 14,1375.
security from Nat. B'ks.— Jan. 31.
Feb. 23.
Midi 3t
Bonds for circulation deposited
$ 9 647,25) $2!,690,700 $12,281,251)
Bonds for circulation withdrawn
19 776 50
19,34.801
1 ,775,2 0
as
Total held f »r circulation
Bonds held as security for
Greenbacks ondepositat date
deposit, including liquidating
banks
11,672.2:0
Total and retired under act of Jan. 14. 1875. :J.5,3l ,984
Total amount of greenbacks outstanding.. 344,631,0.6
Nafiona'. B ink Circulation.—
New circulation issued
1,075,510
Circulation retired
287 4:5
Total circulation outstand.ng-Currency... 322.930,^44
Gold
1,468,920
Notes received for redemption from—
New York
3,93fi,000
Boston
5,68I.0<)0
Philadelphia
462 009
Miscellaneous
2,056,000
S53.6v0.40n
3M,lv*6.40
13,922, ii0
1
14,052,400
710,700.
1,1; 8,400
12,112/12
.55,318,9*4
346,6 1,0.6
12,300.698
35,318,9^4
3 46,68
2,073, VK)
424,423
324/79.2)0
,
016
2/03,460
922,434
3 5/60,276
l,4c6/20
1,466,920
6/00.000
4.062.000
5,00.8,1 0»
4/00,000
G ejubacks
$35,318,984
$346,631,016
outs’andieg at date
Lafayette Muncie & Bloomington.—This railroad
was
sold
by order of tlie United States Court at Lafayette, April 3, for
$1,413,000, to Messrs. Edward H. R. Lyman,*C. R. Cummings,
Daniel P. Eels and John S. Newbury, Trustees. There was
only one bid.
PeniDylrania Anthracite Coal Company.—This company
(«hich should by ni means be confused wi.h the " Pennsylvania
Coal Comrauy”) has the most extensive private mice in the
Lackawanna regi m, and went into the hands cf a receiver a few
weeks since with $800,000 liabilities.
It was incorporated in
18G4 as the Lackawauna Coal & Iron Company, the mine being
changed in 1875.
.
It
owns
1 400
ton, and holds a iease of 550
ot mining land near Scran¬
The property is bonded for
acres
more.
$1,000,000. The ompany for two years has b-en greatly embar¬
rassed by the state of the coal market.
R. T. McCabe, treasurer
of the company, is the receiver.
The company’s breakers have a
Total
$12,173,000 $13,033/00 $ 2,398,000
capacity of 4 ) ‘,000 tons of coal a year, and CIO bands find work
Statement of the Comptroller of the
Currency, showing by in irs mines. To these employees the company ows $20,000.
States the amount of National Bank circulation issued, tlie Tlie
product of its mines was furnished to the Delaware &
amount of Legal-Tender notes deposited in the United States Lact a wanna Railroid
Company at prices based on the rates at
Treasury to retire National Bank circulation, from June 20,1874, tidewater. The receiver has authority to go on with the mines.
to April 1, 1870, and amount
The Associated Press report giviDg the above, also said:
remaining on deposit at latter date.
Much comment has been created in the coal regions by the
Legal-Tender Notes Deposited to
recent divers:on of the product of two very large private mining
Retire National Bank Circula¬
omoanies
from Lehigh Valley markets to others.
Legal
Ten¬
tion
since
June
Tin collieries
Additional
20, 1874.
ders
on
at Forty Fort, formerly operated by J. H. Swover,
Cirenlat’n
the welld e p o s i t
States and
issued s’ee
To retire
known Lddgh operator, are now worked in the interest of the
with
Redempt’n
U.
8.
Teuuitokiks.
June
20,
Cireulat’n
3 0,000
560,000
1,733,00)
2,763,000
“
of Notes of
L874.
Liquidat ing Banks
$
Maine
N.
$
1,411,180
499,705
Hampshire
317,000
27,400
151,097
Vermont
1,580,370
Massachusetts 13,174,805
Rhode Island.
709,110
Connecticut
1,910,070
Now York
15,187,925
Now Jersey...
1,529,005
234,800
32,350
05,350
Delaware
..
7,087,780
404,410
454.500
440.500
51,070
1,082,000
45,700
352,930
45,000
198,000
Dist. Columbia
Virginia
West. Virginia.
N’rtli Carolina
S’tli Carolina
.
Georgia
Florida
Alabama
Louisiana
Texas
Arkansas
*
..
444,800
371,150
1,804,270
....
1,010,485
1,218,410
233,000
....
1,177,900
795,900
....
r
Nebraska.....
Nevada
Dakota
Colorado
111,000
45,000
54,000
390,900
Utah
Washington
..
Montana
*
Legal tenders
Totals
•
*
000,000
55,800
917,000
83,200
952,340
0,000,500
017,385
0,301,300
$
1,103,437
049,735
with a capital of seventy-five millions of francs, lias just
opened in New York an agency, with offices in the Equitable
Building, 120 Broadway, and lias given a general power of at¬
torney to the following gentlemen : Mr. Maurice Landon, Su¬
perintendent of Foreign Branches, who is specially intrusted
with the organization of this new agency ; Mr. Edmond Robert,
sub-manager of the London office, who is appointed manager in
New York ; Mr. Phillippe Maillard, who will sign per procura¬
tion.
With the increasing proportions of commercial and
financial transactions between the United States and Europe, it
is fair to predict for this agency a full share of the business.
The twenty-eighth annual report of the Manhattan Life
Insurance Company of New York has just been issued. This
company, which ranks among the prominent life corporations
of this city, shows gross assets on the first of January, 1879.
of $10,096,524, and a surplus by the New York standard of
$1,848,172 over and above the full reserve against existing
policies. The income for 1878 was $1,645,945, and the expenses
of all sorts, including $700,933 for death claims and matured
endowments and annuities, were $1,515,110. The total expenses
for salaries,'office,-agency, real estate, &c., was only $122,559.
2,223,882
141,581
1,059,079
731,000
270,000
922,585
953,380
1,001,000
922,585
953,380
225,804
154,573
107,045
51,255
437,075
725,400
118,894
94,500
94,500
170,097
1,134,808
53,991
088
420
045,750
10,000
2,099,250
229,340
135,*000
135,000
575,807
235,901
1,378,033
1,953,900
533,859
3,544,410
709,700
304,500
582,300
-
743,009
385,095
781,721
45, OOO
0,240,890
1,952,590
800,439
1,554,955
1,220,445
190,550
188,080
135,083
101,191
149,400
190,800
13,500
45,000
2,745,000
239,340
4,301,220
4,300,241
0,333,780
7,750,030
2,317,090
1,442,799
2,298,024
1,011,540
337.543
5,155
11,453
388,788
108,547
090,000
1,319,008
1,909,079
1,024,734
388,201
‘
354,519
469.716
216.543
972,271
310,034
233,080
20,774
2,278
284,483
40,030
357,991
25,205
58,500
5,900
99,000
39,000
19,430
20,120
1,742,070
827,004
5,248,483
pany,
—
—Attention is called to the 15th regular dividend of the
Plumas National Quartz Mining Company of 8 per cent, pay¬
able oh the 18th inst. This is the lowest per cent yet paid by
the company, owing to the great snow-fall in and near the
mine.s, which nearly suspended operations
patches report a better state of affairs.
3,813,075
02,*591,280 10,025,944 09,148,613 88,988,232) L2,800,G98
Deposited prior to J.uie 20, 1874, and remaining at that date.
day. The B lt.ler colliery at Piitaton, which furnished its
theJj-high V dley to the anont of 210,0)0 tons a year,
ships its c >al ov-r the Erie Railway, by way of Carbondale.”
—Newr York lias again been favored by tlie establishment
here of a branch of one of tlie most prominent banking institu¬
tions of Europe—the Credit-Lyonnais of France.' This com¬
1,575,470
427,500
853,510
2,870,922
The product of these mines is 1,500
299,414
39,230
02,858
322,413
100,000
400,1 Of
805,509
810,810
2,513,080
Kansas
now
$
1,302,300
7,083,097
1,483,319
1,085,297
1,515,134
Delaware & La kawanna.
tons a
coal to
1,183,040
0,057,980
287,725
1,237,030
110,100
135,000
3,230,140
Iowa
Minnesota
Treasurer
at date.
’
Michigan
Wisconsin
Total
Deposits.
119,200
1,025,711
'
.
....
Kentucky.'....
Tennessee
Missouri
Ohio
Indiana
Illinois
$
173,275
..
Maryland
Mississippi
of J’nc20,
1874.
1,249,490 1,314,840
2,081,001 18,181,000 20,202,001
..
Pennsylvania
under Act
—
to
F.
The Toledo & Wabash
participate in the suit
Ham, 25 Nassau street.
;
but the latest dis¬
equipment bondholders who desire
pending may address Benjamin
now
l
April
345
THE CHRONICLE.
5, 1379.]
Closing prices at the N. Y. Board have been
flic fB;wkcvsr (Saecttc.
Interest March March 1
Period I 29.
31. !
NATIONAL BWKS OK(i\NIZED.
No national banks
The
organized the past week.
6s, 1881
OlVttittNOft.
6a,
6s,
6a,
6s,
58,
58,
58,
followin'? dividend* have recently been announced:
Name of
Company.
Per
When
Books Closed.
Cent.
Payable.
(Days inclusive.)
Railroads.
Berkshire (quar.)
Housatonic prof, (quar.)
Nashua <fc Rochester
Now York Elevated
Pittsb. Ft. Wayne Sc Chic. (quar.).
do
special guar, (quar.),
.Sioux City Sc Pacific pref
Vermont <fc Massachusetts
Banks.
Gallatin National
M 119111 a ULC
money
3
April 1.
April 15.
April 1.
May
1. April 22 to May 1
April 8.
April 1.
April 1.
April 7.
31*2
April 10. April 2 to April 9
4
April 10. April 4 to April 9
IV
r>
i%
i%
3*2
Apr:
*>
April
April
3.
4.
5-20a, 1867...reg.
5-20s, 1867 .coup.
5-20s, 1868...reg.
5-20s, 1868 .coup.
10-40s
reg.
10-40s
coup.
fund., 1881...reg.
5s, fund., 1881..coup.
4*28, 1891
reg.
4 **28, 1891
coup.
4s, 1907
reg.
4s, 1907
coup.
0s. cur’cy, ’95-99. reg.
This is the price bid; no sale was made at the Board,
The range in prices since Jan.
class of bonds outstanding April
1, 1379, and die amount of each
l, 1879, were as follows:
•
North River
Tlie
1%
o
1.
106% 106% I 106% 106% 106*2 106*2
106% | 106% *106% 106%) 106% 106*2
*
102 V M02V4 ,'102*4 *102%;* 102*4 * 102*4
*102*4," 102*4 ;*102*4 *102*41* 102*41*102*4
*102%! 102 34 j*102% *102%! * 102*2 *102*2
*102 %;*102% *102% *102%* 102*2 *102%
10IV 101% 1 ioi%i 10134 * 101% 101%
102
*102
102
i 102 i 102
102
*104% 104*e 1 x*3% 103*2 103% 103%
101% *104% 104%! 104V* 104 % i 105
*104*2*104 ks 104%| *104%! 104%;* 104%
*104% *104% 104%! 104%! 104%! *105
99
98 a41
93%
99
99*4
98%
99*4
9934
99% x99 1 99 I 99*8
121% *121% 121 Vi *12138 * 121% *121%
reg.
eoup.
6s. 1881
April
follows:
as
FRIDAY, APRIL 4, 1879-5 P. HI.
market and Financial Situation.—The de¬
cided
Range since Jan. 1, 1879.
Lowest.
6s, 1881
cp.
6a, 5-20s,’67.cp*
6s, 5-20s.'68.cp.
5s, 10-408...cp.
5s, fund.,’81.cp.
4*28, 1891 ..cp.
48, 1907
cp.
6s, cur’ncy .reg.
Highest.
105% Mch. 22 106%
101% Jan. 24 102%
102% Mch. 22 104%
101 *4 Mcli. 19 108%
x03% Mch. 25 107*2
104
Mch. 21 106%
x99
Apr. J 100*8
Amount
April 1, 1879*
Registered.
Jan. 17 $201,475,100
Jam
2 114,744.250
Jam ' 4
16,472,100
Jan. 4 144,332,450
Jan. 15 257,459,050
Coupon.
$81,261,250
153,562,550
improvement noticed in our report of last week has been
20,964,500
50,233.850
continued since, and the demand for Government bonds has in¬
250,981,300
creased immensely. There had been a good many parties ready
Fob. 28 165,663.950
84,336,050
Feb. 17 289,173,650 160,226,350
to buy governments who were holding off till April with the ex¬
Feb. 20
64.623,512
119VJam 4 122
pectation of buying at much lower prices, but with the turn
which has lately taken place many of these have come in as pur¬
All the numbers of called bonds maturing in April were lttst
chasers, and stimulated greatly the demand for bonds.
published in the Chronicle of March 15, page 270, and we give
Just at the close of business to-day the intelligence was made
below the numbers of the two calls issued during the week:
public that the regular subscriptions to the 4 per cent loan to¬
93d Call.
94th Call.
day amounted to f 6,009,000, and that in addition to this amount Coupon.
Made Mar. 29.
Made April 3.
Matures July 3.
Matures June 29.
the Bank of Commerce had taken $40,000,090, and the loan was
111001-117000
11700i-123000
$50
for the present withdrawn from the market.
220001-234000
208001-220000
It was understood,
100.....
112001-115000
103001-112000
500
also, that ilie Continental Bank put in subscriptions for $30,000,203001-213000
194001-203000
1.000
$7,000,000.
$7,000,000
000, and tl*ie Hanover Bank for $35,000,000, which were too late Total
Revis'd
to be accepted.
This extraordinary transaction, which furnishes
44551- 44600
1,000
16451- 17050
15801- 16450
5,000
the means for redeeming all the remaining five-twenties of 1867
Total
$3,000,000
$3,OOO,OQ0
and 1868, was known too late to affect the markets to-day, but it Grand total
10.000,000
10,000,000
was
stim¬
generally believed that the effect would be decidedly
State and Railroad Bonds.—.'There has been some activity
ulating on the prices of all kinds of securities, both of the spec¬ in State bonds since the
funding acts of Virginia and Tennessee
.
.
•
ulative and investment sort.
have both been
passed and have become laws. The Virginia
quite favorably regarded, and the holders of the consol
bonds, with tax-receivable coupons, are the only parties who
ments, and o.a>7 on miscellaneous collaterals. Prime paper has are
likely to raise any objection to it. The Tennessee law is
been slow, because there are few parties willing to sell at cur¬
reported as not acceptable to bondholders, for the two principal
rent quotations of 6@7 per cent, though buyers are ready
reasons that the law has to be submitted to the people, and is
thus quite uncertain, and that no guarantee is offered in the
enough to take all that is offered at those rates.
The Bank of England statement on Thursday showed a loss shape of tax-refceivable coupons.
Railroad bonds have been fairly active at firm prices, and the
of £203,000 in specie for the week, and the reserve fell off from second consolidated bonds of the N. Y. Lake Erie and Western
51£ per cent of liabilities, last week, to 49 percent this; the dis¬ (Erie) have sold in very large lots, nearly all ‘‘seller 30,” show¬
count rate is unchanged at
per cent.
Silver in London to-day ing that the bonds are to come from London. The closing price
to-day was 68£.
is 49fd. per oz.
Specie in the Bank of France increased 7,397, Messrs. A. H. Muller & Son sold at auction the following
000 francs in the week.
securities seldom sold at public sale :
The last statement of the New York City Clearing-House banks,
Shares.
Shares.
3 Park Fire Ins. of N. Y
110
5 Washington & New Or¬
issued March 29, showed a decrease of $1,149,150 in the excess
Bonds.
leans Telegraph Co
40
29 Manhattan Gaslight Co.. 193*2 $3,000 Mol). & Ohio RR. 1st
above their 25 per cent legal reserve, the whole of such excess
99
pref. iiic. and sink, fund
22 Park Bank
debentures
27
being $2,979,300, against $1,123,450 the previous week.
10 W’mshurgh City Fire Ins.203
3,000 Mobile & Ohio new 1st
30
10 Second Av. RR
The following table shows the changes from the previous week
mort. 6s
79%
75 Coney I. Sc Brooklyn RR. 25*2
Our local money market has wor 4 ed rather more easily, and
on call loans the usual
range has been 4^5 per cent on govern¬
law is
..
and
a
comparison with the two preceding
1879.
Differ’nces fr’m
Mar. 29.
..
.
1877.
Mar. 31.
Dec.$3,381,300 $241,590,900 $259,828,700
Dec.
356,900
Tnc.
221,200
Dec. 7,645,800
Dec. 2,703,700
United States Bonds.—The
has been
1878.
Mar. 30.
previous week.
Loans and dis. $240,458,500
18.446.800
Specie
Circulation
19.512,100
Net deposits
198,945,600
34,268,900
Legal tenders.
160 Oriental Bank
79 Busliwick &
years.
course
38,767.600
20.190.800
19,912,300
210,378,400
29,425,400
15.797.800
219,738,900
44,356,000
of Government securities
upwards, under the stimulus of
a very
large demand.
Financial institutions have been among the heavy buyers, and
we have heard of one or two corporations
that had purchases of
$1,000,000 to $2,000,000 to make during this month. Few bonds
have been going out to London the past three days, as the higher
prices have checked the demand for that market. Two calls
have been made this week, and the 4 per cent loan has been all
taken up as above noted.
Closing prices of securities in London for three weeks past and
the range since Jan. 1, 1879, were as follows:
Mcli. Moll.
21.
28.
April
4.
Range since Jan. 1, 1879.
Lowest.
Highest.
1
U.
U.
U.
U.
U.
8.
8.
8.
8.
8.
1033*
104
5m of 1881
103%
106%
4Vs of 1891....
107
4a of 1907
101*4 1-1
10434 x03%
107
106*4
107% 106%
X01*2 101
68, 5-208, 1867.
5s, 10-40a
|
CO i
103% Jan. 23
Mch. 15
Feb. 11
Mch. 24
Mch. 26
104% Jan.
2
111
7
Jan.
109% Jan.
4
109*8 Jan 29
102% Feb. 28
8,000 St. Louis City 6s, gold
and sterling bonds (Mor¬
—127
Newtown
Bridge. & Turnpike Co., 35
com. and 44 pref. for
$50
Messrs. A. H Nicolay & Co.
gan
108*2 #
loan;, 1891-95
sold the following:
Bonds.
Shares.
50 Twenty-third st. RR
95
20 Produce Bank (old stock).$29
$134,000 Greenville Sc Col.
RR. 2d mort. 7 p. c. bonds,
coupons of and from July,
1871-72, for the lot
$515
Closing prices of leading State bonds for two weeks past,
Jan. 1, 1879, have been as follows:
and
the range since
States.
Mch.
28.
April
4.
Range since Jan. 1,1879.
Lowest.
Highest.,
Jan.
Mch. 18 69
6
49*4
49% 47
103% Mch. 5 106*« Feb. 12
*104*2 *104
Feb. 8 22V Mch. 26
22% *22 *2 18
*35
Feb. 13
39V 35 Mch. 8 42
Tennessee 6s, old
*76*2 *75
Virgiuia 6s, consol
Mob. $8
44
*40V 44 Mch. 28 44
do
do
2d series..
79*2 Jan. 3 83% Feb. 27
*30% *31
Dist. of Columbia, 3-65s
Louisiana consols
Missouri 68, ’89 or ’90
North Carolina 6s, old
miscellaneous Wtfcks.—Without any par¬
feature in the market, there has been a strong U»e
Railroad and
ticular
throughout the list, and on a moderate volume of business prices
generally close at an advance on last week. The present prlcps
appear to depend rather more upon the t-rnper of the market, .as
regards the rates for money and the financial situation, than
upon any important changes in traffic or earnings.
A few rail¬
roads—such as Erie with the narrow gauge, Union Pacific with
its litigation ended, Atchison Topeka & SaLte Fe with its large
extension, Chicago & Alton with its Kansas City line, and pos-
346
THE CHRONICLE.
sibly a few others—will have new circumstances to be considered
in estimating their future status, but a majority of roads will
remain the same as in 1878 for earning capacity, and will do well
if they have as large a business as in that year.
The
daily highest and lowest prices have been
Saturday,
Monday,
March 29. March 31.
Canada South. 01% 02
Cent, of N. J..
Chic. & Alton,
Chic. Bur. & Q. 115
115
do
pref.
Chic.&N. W..
do
pref.
Chic. R. I. & P.
Clev. C. C.&I.
Clev.*P.,guar
Col. Chic.&I.C.
Del. AH. Canal
Del.Dack.&W.
Krie
do
pref
Wednes.
April
April
62
1.
02
80*
*79% 80%
114% 114% 114
41% 41%
+83% 83%
80% 80%
59% 60% 59% 00%
8796 88>6 87% 89
$13lf* 32% Xl30 130% 130% 130% 130%
43
43
4134 42
43% 43
*40%
91% 91%
*5
5%
40
41
41
41% 40%
47% 48% 47% 49% 47%
25
2f‘
24%
40% 41%
do
pref.
Dlinoifl Cent..
Kansas Pacific
Lake Shore....
Mich. Central.
Mo. Kans. & T.
97/
Mor. &, Essex..
84
N. Y.C.& H.R. 114
114
Ohio & Miss...
UH
,
Pacific Mail
! 12% 13%
Panama....
130
!130
Thursd’y, Friday,
April 3. April 4.
45
V
15%
81% 82
82%
22% 21% 22
71% 7P%
85% 80%
21%
21
71
80
114
*....
135
Indianap. Bl. &W.3d wk Mch
43
lot. & Gt. North..3d wk Mch
Kansas Pacific.. .3d wk Mch
Mo. Kans. & Tex .3d wk Mch
Mobile & Ohio
February
Nashv. Ch.& St.L.February .
Pad.& Elizabetbt.lst wkMch
Pad. & Memphis..lstwkMch
Phila. & Erie
February
41%
48%
..
25%
45%
.
Reading.February
8t.L.A.&T.H.(brs)3d wkMch
8iouxCity <fc St. P.February
135
was
made at the Board.
Canad a Southern....
Central of N. J
Chicago & Alton
2,705
74,884
45% Jan.
33% Jan.
1,070
75
1,265
90,870
19,711
Chicago & Northw... 186,200
do
do pref.
59,214
Chic. Rocklsl. <fc Pac.
2,432
Clev. Col. Cin. & Ind.
1,374
Clev. <fc Pittsb.,guar.
1,157
Col. Chic.& Ind. Cent
200
Del. & Hudson Canal
8,568
Del. Lack. <fc Western 165,060
Erie
101,170
do pref
8,800
Hannibal & St. Jo.
1,030
do
do pref.
5,400
Illinois Central
1,535
Kansas Pacific
6,130
Lake Shore
47,551
..
Missouri Kan. & Tex
Morris & Essex
N. Y. Cent. & Hud. R.
Ohio & Mississippi...
Pacific Mail
Panama
Pitts. Ft. W. & Chic..
8t. L. I. Mt. & 8outli.
St. L. K. C. & North.
do
St. L.Sc S. Francisco.
do
pref.
1st pref.
do
Sutro Tunnel
Union Pacific
Wabash
Western Union Tel...
22,425
6,000
7,179
1,052
14,740
2,270
150
188
300
3.000
3,810
1,949
3,700
947
3,863
10,585
13,460
44,923
Total sales of the week in
Western |
U11. Tel.
March 29...
44
31...
April
44
44
44
1...
2...
3...
4...
8,610
11,367
13,610
3,700
1,100
6,536
St.
Highest.
3
0
63% Mch. 15
473a Feb. 17
leading stocks
North¬ N’rthw.
west.
pref.
28,560
21,210
12,250
10,200
42,100
10,640
15,610
7,300
Low.
Mch.
Paul.
11,350
1878.
High.
38
45%
13% 45%
66% 85
99% 114%
27% 54%
3
88
Jan. 28
111% Jan. 7 122% Feb. 19
34Jan.
4 48% Jan. 28
74% Jan. 4 85% Jan. 28 64
84%
4958 Jan. 3 6538 Jan. 27 32% 55%
7078 Jan. 3 91% Feb. 19 59% 79%
119
Jan.
8 135
Feb. 18
983s 122
34% Jan. 2 48% Jan. 30 23
38%
84% Jan. 2 95
Feb. 10 63% 85
5
Jan.
4
6% Feb. 11
2%
630
38
Jan.
2 45% Jan. 24 343g 59%
43
Jan.
2
55% Jan. 27 41
61%
4
21% Jan.
2738 Jan. 25
7% 22%
5i
37% .Tan.
2
14 Jan 30 21% 38
4
13% Jan.
16% Feb. 10 10
16%
34
Jan. 10 45% Mch. 17 21% 41%
79% Mch. 26 89
Jan. 30 7230 87 ~
9% Jan. 21 22% Mch. 7
4
12%
67
Jan.
6
74% Jan. 28 55% 71%
73% Jan. 2 90% Jan. 27 58% 75
538 Jan.
4
11
Mch. 13
2
7%
75% Jan. 3 86% Feb. 18 673s 89
112
Mch. 24 120
Feb. 18 103% 115
7% Jan. 4 13
Feb. 17
6% 11%
1038 Jan. 13 15% Feb. 18 12% 23%
123
Jan.
2 136
Feb. 20 112
131
101
Jan.
4 107% Jan. 24 85
102
0
13
Jan.
5
17% Jan. 24
15%
7
Jan.
2
9
Jan. 25
3%
7%
O
251* Jan.
383s Jan. 30 19
26%
3% Jan. 8
7% Mch. 14
1%
4%
4% Jail. 21
9% Mch. 14
1%
5%
9% Jan. 23 19% Mch. 18
5% 11%
23a Jan. 16
4% Mch. 17
5
3%
57% Jan. 31 81
Feb. 19
61% 73
1734 Mch 13 25
Jan. 27 12% 23%
943a Jan.
7 108
Mch. 4 75% 102 ~
Chic. Burl.<fc Quincy.
Chic. Mil. & St.P
do
do pref.
Michigan Central....
Range for
Prices since Jan. 1,1879.
Lowest.
34,750
26,025
22,850
11,070
32,675
27,800
7,894
7,800
6,200
were as
Del. L.
& West.
29,320
12,360
34,100
20,910
26,070
43,200
follows:
Lake
Erie.
Shore.
31,320
26,315
13,370
10,440
9,100
16,571
5,250
10,625
14,160
3,570
5,300
2,700
Total.
44,923 90,870 186,200 59,214 165,960 101,170 47,551
Whole stock. 350,849 154,042 149,888 215,256 524,000
762,000 494,660
..
The total number of shares of stock
outstanding is given in the
last line for the purpose of comparison.
The latest railroad
earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the
gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date”
furnish the
gross earnings from Jan. 1 to, and including, the period men¬
tioned in the second column.
-Latest earnings reportel.
-Jan. 1 to latest da te.WeekorMo.
1879.
1878.
1879.
1878.
Atch. Top. <fe S. F.3d wk Mch $125,000
$86,858 $1,079,000 $594,838
Atl. & Gt. West...January
309,121
298,976
309,121
298,976
Atlantic Miss.&O.February
121,451
117,935
231,345
260,472
Bur. C. Rap. & NT.3d wk Mch
25,308
26.540
290,817
400,973
Burl. AMo.RinN January
132,698
98,377
132,693
9^,377
Cairo & St. Louis. February
16,055
13,048
32,109
24,015
Central of Iowa. .January..
58,060
67,111
58,060
67 111
Central Pacific...February .1,093,000
930,528 2,132,166 2,091 516
..
.
..
.
.
Southern Minn...February .
Tol. Peoria & War.3d wk lifcli
Union Pacific
February.
Wabash *
3d wkMch
Total sales this week, and the
range in prices for 1378 and
since Jan. 1, 1379, were as follows:
Sales of
Week.
Shares.
.
St. L. Iron Mt. &S.3d wkMch
8t. L. K. C. & No..3d wk Mch
St. L.& Southeast.2d wk Mch
St. Paul & S. City.February .
■M
These are the prices bid ana asked: no tale
t Sales were also made ex-div. at 80%® 80%.
J A sale was also made ex-div. at 130.
.
Phila. &
Pitts.F.W.& C. 10396104% *103% 104 *103% 04% *103% 04%
St.L.I.Mt.&So. 14% 14% *14
15
*14
15
*14
15
St.L. K.C.&N.
8
8
8%
8%
7% TO
do
pref. 34™ 34% 34
34% 34
34% 33
33%
7
St.L.A S. Fran,
7%
0%
7
0%
0%
do
8
pref.
8%
8%
do 1st prf.
18
18% 18% 18J4
Sutro Tunnel.
*3|
4%
4%! 4
4%
Fn;on Pacific.
72% 73% 72% 73 ( 72
72%
Wabash
20% 21
19%
20% 20%! 19% 20%
West. Un. Tel. 104% 105% 105% 10094 100% 107%'100% 100%
•
..
Dubuque & S.City.3d wk Mch
Gal. Houst. <fe H..February
.
130%
21
*....
„
.
71%
81% 85%
m
9% 9% 9%
84% 84% *83% 84%
114% *114% 115 114 114
12% 11% 11%
12% 12
13% 13
13% 1294 12%
135
Chicago
Chic. Burl. & Q...January ..1,105,098 1,045,467
Chic. & East. III.,3d wk Mch
14,797
14,621
Chic. Mil. & St. P. 4th wk Mch 215,000
218,893
Chic. &Nortk west. March
1,101,000 1,095,884
Clev. Mt. V. & D.. 1st wk Mch
6,509
6,372
Dakota Southern.January
19,705
16,430
.
*15% 15%
44% 44%
82% 82% 82%
44%
44
!SS
/—Latest earnings reported.—v ^-Jan. 1 to latest date.
Week or Mo.
1879. 1878.
1879,
1878.
Alton..3d wk Mch $86,449 $113,959
$909,407 $869,122
Grand Trunk. Wk.eud.Mch.22
Gr’t Western. WTc.end.Mch.21
Hannibal&St. Jo.3d wk Mch
Houst. & Tex. C. .February
Illinois Cen. (Ill.)..February .
do
(Iowa).February
sill iP
8*
Han. & St. Jo.
2.
follows:
38^
38% 39
Jgfi *«
Chic.M.A St.P.
Tuesday,
as
[Vol. XXV1U
17,869
43,948
152,554
82,469
43,291
241,315
379,377
95,866
20,601
28,744
76,267
20,933
33,909
177,671
89,530
37,301
205,883
380,048
131,339
27,529
1,105,098
176,929
1,701,000
3,040,230
59,994
19,705
168,580
92,880
2,029.082
983,237
403,268
502,061
829,958
196,439
242,378
24,481
1,045,467
167,267
2;036.356
3.258,632
62,740
16,430
235,992
75,875
2,133,613
1,128,434
371,046
445,085
867,798
268,248
290,390
320,551
393,962
672,522
165,600
67,604
58,392
188,790
546,960
355,600
158,034
155,771
315.312
4,970
460,782
333,577
52,062
31,834
01,573
39,968
449,748
401,003
1.199,390
104,092
50.530
22.750
6,734
5,807
180,507
525,410
9,105
78,619
87,822
21,290
41,341
28,176
61,759
27,347
747,761
679,768
239,619
1,438,302
78,803
82,327
865,463
£>254
237,000
877,865'
10,100
89,250
88,917
20,067
37,965
20,724
35,105
'
557,370
560,177
1.835,080
123,212
946,294
990,124
723,238
215,888
753,392
217,332
84.689
42.672
72,250
81.808
54,084
121,775
296,362
1,377,268
908,506
Exchange.—There is not very much doing in the market for
sterling bills, but prices are pretty firmly held by leading drawers.
The asking rates are 4.87 and 4.89 for
long and short hills
On actual business the rates are 4.86£@f and
respectively.
*
4.88i@f.
Quotations for foreign exchange are as follows:
April 4.
60
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial.
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reiclimarks)
Frankfort (reiclimarks)
Bremen (reichmarks)
Berlin (reichmarcks)
The
following
are
.$4 83
Napoleons
.
®$4 88
Dimes & % dimes.
Silver 14s and i*s.
Five francs
Mexican dollars..
Oct.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Dec.
28.
4.
11.
18.
25.
2.
9.
16.
Dec. 2i.
Dtc. 30.
1879.
Jan. 8.
Jan. 13.
Jan. 20.
Jan. 27.
Feb. 3.
Feb. 10.
Feb. 17.
Feb. 24.
Mar. 3.
Mar. 10.
Mar. 17.
Mar. 24.
Mar. 31.
956g
95&g
95&g
coins:
—
—
par.®i4prem.
Banks.—The following are the totals of the Boston,
series of weeks past:
a
Loans.
1878.
Oct. 21.
95382)
953s®
953s®
....
..
banks for
4.88%®4.89
2)4.881*
2)4.871*
4.86%®4.87
5.171*2)5.15
5.171*2)5.15
5.171*2)5.15
403s2) 401*
953s2) 95*8
4.88
4.87
98
® — 983*
99 %® — 991*
—
92 ® — 95
—
85 ® — 86
English silver
4 75 ® 4 80
Prus. silv. thalers. — 68 ® — 70
Trade dollars
—
98%® — 99
New silver dollars — 99 %® — par
3 82
® 3 87
X X Reiclimarks. 4 72 ® 4 79
X Guilders
3 93 ® 4 00
Span’b Doubloons..15 55 ®15 85
Mex. Doubloons...15 50 ®15 65
Fine silver bars
108142)
108%
Boston
Demand.
4.86%®4, 87
4.85%®4, 86%
4.85 ®4, 85%
4.84%®4. 85
5.1938@5. 16%
5.1938 <z>5, 167s
5.1938 2)5. 1678
4018 2) 40%
95 'a) 95%
95 * ® 9514
95 ®
95%
95 ® 95%
quotations in gold for various
Sovereigns...
Fine gold bars....
days.
t
127,418,COO
126,876,100
126,-.25,200
126,5)2,400
127,202,900
126,472,600
1-26,898 J 00
127,370,300
127.483,800
128,689,700
130,098,300
13?, 2 20,000
134.650.600
135,'. 45,000
136.790.600
139,979,500
130,091,100
144,980,000
143,799,200
141,9r 0,200
141,623,700
141.308,300
140,442,800
140,033,100
Specie. L. Tenders. Deposits. Circulation. Agg. Clear
S
2,563,800
2,557,600
2,588.000
2,9 0,800
3,135,000
2|933,000
2,862,400
2.779,900.
2.630.500
2.659.900
2.851.300
3.351.900
3,898,610
3,-35,91)0
$
6.127.800
6.524.300
7.234,600
7.787.500
8,060,800
8,228,OOO
8.655.500
8,112,900
7.483.500
7.296.300
6,416,400
$
$
52.264.600 25.473.100
52,240,2t 0 25.388,000
53,21-3,40<) 25,429,4(0
54,956,500 25,460,700
56.258.400 25,4.-8,700
55,244,900 25.450.900
55,713,-00 25.311.400
56,0’»6,9t 0 25,400,000
55.932.300 25,937,21)0
56.433.300 25,4^4,700
56.217.600 25.359.400
45,547.518
41,489,95544,823,64t
45,810,772
47.970,092:
44,426.281
36,257,603
46,164,103:
42,352,385
45,064,725
38,488,361
6,126,830
59.525.100 25.616.400
52,163,732
5.932.800
61.120.400 25,634,300
49.172.69T
25.61
5,419,700
60.968.600
,600
46,764,891
3.822.500
5,230,200
63,747,200 25.500.100
43,763.114
3.927.500
5,127 900
64.790.300 25.496,600
41,620,6*28
3.8i6,‘200
4,720,209
61.190.100 25.566.800
47,534,4f5
4,4 6,500
3.708.300
69.770.300 25.545.800
47,(30,301
3.645.700
68.215,9 0 25.481.100
4.273.300
45,334,530
3.625.700
4.324.300
70,326,700 25,399,'00
46,349,291
3.664.500
4,6')f,500
67,1)28.300 25.613.100
48,733,821
3,649,9.*)
4.750.300
65.677.100 25 502,000
45,739,465
3,62u,800
4,713,630
64,050,100 25,445,500
4S907.569
3,644,000
4,59 i,000
63.435.100 25,438,200
89,857,020
Philadelphia Banks.—The totals of the Philadelphia banka
are as follows:
Loans.
1873.
Oct. 21.
Oct. 23.
Nov. 4.
Nov. 11.
Nov. 18.
Nov. 25.
Dec. 2.
Dec. 9.
Dec. 16.
Dec. 23.
Dec. 30.
1879.
fi.
13.
20.
27.
3.
10.
17.
24.
3.
10.
17.
Mar. 24.
Mar. 31.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
$
58,801,493
58,522,350
53,411.244
58,279,111
57,656,695
57,344,124
57,461,311
S',714,763
57,353.6 .'8
57.T07.459
56,949,772
57.272.231
57,777,397
57,673,699
57,614.473
57,138,02)
56,741,634
56,992,785
57,0 i 2 103
57,601),832
53.263.231
58,486,555
f 8,506,715
59,006,342
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
$
*
S
$
1,605,812 12,0^5,596
44,786,291 11,353,450
33.720,726.
1,646.613 11,958,394
44,232.796 11,394,*11
29,089,290
1,693.177 12,575,827
29.104,649
4’,671,29 4 11,396,121
1.874.226 12,334,845
44,109,434 11,430,703
29.870,449*
1,879,359 12,506,345
44,4:36,416 11,3 3,116
27,805,47^
1,9-2.86? 12,618.399
44,112,833 11,893,361
31,023,406
1,945,959 13,022,453
21,195,262
45,144,517 11,395.817
1,996,059 12.740,471
44,816,112 11,386,822
37.596,551
2,056,397 12,640 356
44,240,065 11,384,-75
28,809,821
2,168,142 13,220,333
32J2l’8,916
44,650,121 11,-79,546
2,161,523 13,127,-07
41,903,227 11,371,466
26^10,362
15,873.233
45.697.721
11.364.651
15,536,56?
45,030,239
45,520,021
45,263,816
11,343,315
15,401,731
15,683,053
15,950,850
16,549,118
15,914,566
45,6S6,154
45,273,026
44,946,027
44,576,403
11,340,673
33,644,739
11,325.5 2
29,942,353
30,?48,( 62
15,859,150
46,028,633
46,336,572
15,360,x66
45,763,4"8
11,310,790
11,309,855
11,300,127
11 ,U38,4<4
11,321,223
11,347,059
11,355,472
11,361,550
45,256,362
11.442.038
15,754,299
15,947,786
15,9'9,655
14,830,998
45,378.745
32:976.323
81.826.979
33,163,572
30,293,686
27,312,892
31,157,942
36,371,591
20,?50,598
31,238,OCA
QJX 441.
April
THE CHRONICLE
5, 187£.]
New York City Banks.—The
following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on March 29, 1879 :
Average amount of
Banks.
Capital.
Loans and
discounts
$
New York
Manhattan Co...
Mechanics’
31erchants
Union.
America
Phoenix
City
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
-Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
People’s
North America..
Hanover
Irving
Metropolitan
....
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ & Tr..
Park
Meeh. Bkg. Ass’n
Grocers’
North River
East River
Manuf’rs & Mer..
Fourth National.1
Central Nat
Second National.:
Ninth National..
First National...!
Third National..'
N. Y. Nat. Exch..
Bowery National
N. York County..
Gorm’n Americ’n
Chase National..
Total
r....
Specie.
*
*
684.500
469.300
495.500
779.600
263.800
412.400
266,000
1,002,800
2,000,000
8.445.500
5.300.700
2,050,000
6,414,800
2,000,000
5.862.200
2,000,000
3.904.700
1.200,000
7.732.300
3,000,000
2,435,000
1,000,000
7,061,100
1,000,000
2.953.500
1,000,000
600,000
1,499,000
300,000 11,200,200
2.984.500
1,000,000
3.401.500
1,000,000
1.176.100
300,000
1,186,000
300,000
720.500
200,000
600,000
2,578,000
837.800
300,000
800,000
1.450.501
5,000,000 11,123,000
5,O.K),ODO 14,346,100
5.226.600
1,000,000
3,437,400
1,000,000
2.112.700
422,700
3.637.100
1,500,000
2.980.600
450,000
1.322.100
412,500
700,000
1.722.500
5.354.500
1,000,000
500,000
2,015,800
3,000,000 11,502,000
1.604.600
600,000
2,079,900
1,000,000'
500,000
2.125.500
1.439.300
500,000
2.887.100
500,000
3.306.100
1,000,000
3,782,900
1,000,000
1.339.500
300,000
2.254.100
400,000
1,500,000 14,899,400
2,000,000 11,091,000
514.800
500,000
487.600
300,000
240,000
758.500
743,400
250,000
375.600
100,000
3,200,000 13,220,300
7,485,000
2,000,000
300,000
2,245,000
3,365,000
750,000
8,078,100
500,000
6,056,800
1,000,000
300,000
1.409.500
250,000
1,157,000
200,000
1,082,200
750,000
1.907.200
300,000
2,838,800
Net dep’ts
other
Tenders.
than U. S.
Legal
206.400
81,200
182,000
27,000
21.9(H)
207,900
64.400
9,800
1,245,009
1,237,609
218,999
329.899
53,81 H)
96,499
105,909
56.390
52,099
333.500
783.500
356,900
512.800
870.100
245,000
662,000
105.600
329.800
2,092,800
293.700
364.200
130.200
432.100
782,000
1.211.900
696,000
362.800
319.300
403.600
576.500
88,600
254,000
685.700
425.800
428,500
529,900
166,000
1.672.100
831,800
2.618,000
1.707.600
354,200
450,000
447,000
777.600
140,000
581,000
3.101.400
1.147.100
2,05)4,000
780,300
3.887.900
16,532,300
1,323,000
424.800
192.800
399.200
217.300
3(6),100
246,900
3,900
4,700
347,800
1,103,700
5:15,100
307,400
3,300,500! 13,111,200
38,700
'407,800
104,1001
423.400
104.400
706,100
572.200
68,8(H)
80,6001
395,000
1,902,700
1,042,000
428,000
647,000
500.200
764.800
147.600
208,(HH)
341.100
244.400
400.400
27,000
13.400
139,000
60,300
144,000
11,480,400
5,9(34,0(H)
2,289,000
3,324,000
8,940,000
5.942.800
1,054,500
1,470,000
269,000
357,000
45,000
799,200
269,000
224,700
180,000
829.200
803,000
1.149.300
1.690.100
1.507.500
270,000
60,875,200 240,458,500 18.446.8(H) 31,268,900 198,945,600 19,512,100
The deviations from returns of
Loans and discounts
Specie
Legal tenders.....
Bee. $3,381,300
356,900
2,703,700
Bee.
.Bee.
previous week
are as
Net deposits
follows
:
Bee. 17,645.800
Inc.
221,200
Circulation
The following are the totals for a series of weeks past:
Loans.
$
1.878.
Aug. 3... 233,096,200
Aug. 10... 240.220.100
Aug. 17... 235.555.400
Aug. 24... 236,994,300
Aug. 31... 239,431,700
Sep. 7... 243,432,900
Sop. 14... 244.215.100
Sop. 21.
245.377.400
Sep. 28... 246,322,500
..5
Oct.
247,881,900
Oct. 12... 248,634,300
...91
Oct.
246.593.100
..62
Oct.
245.108.400
...2
Nov.
244.511.800
NOV. 9.
240.224.200
Nov. 10... 237,645,509
Nov. 23... 234,917,700
Nov. 30... 236.438.400
Bee. 7... 239.815.500
Bee. 14... 238,047,200
Bee. 21...• 235.974.100
Bee. 28... 235.824.400
1879.
Jan.
4...
Jan. 11...
Jan. 18...
Jan. 25...
Feb. 1...
Feb. 8...
Feb. 15...
Feb. 21...
Mar. 1...
234,250,000
230,682,000
233.168.400
234.416.200
238.241.400
242.280.200
244.183.500
244,007,000
Mar. 8...
Mar. 15...
Mar. 22...
247.674.200
246.324.500
243.839.800
246,716,900
Specie.
$
17,990,803
20,407,600
19,234,300
18.662.800
17,000,300
16,953,100
18,554,700
18.322.800
18,199,000
17,599,700
13.991.100
15.547.800
19.860.500
24.144.100
26.373.200
25.405.400
23.414.400
22.967.400
20.169.700
20,882,900
20.911.500
20.514.100
20.986.200
18.962.400
17,344,600
17.431.700
13.633.300
17.849.300
18,059,500
17,931,309
10.450.500
16.945.200
17.312.400
18.803.700
240.458.500 18.440.800
.Mar. 29...
L. Tenders. Beposits. Circulation.
$
$
$
58,610,100 219,978,500 19,273,600
56,286,500 223,432,700 19,189,800
55,479,400 217,884,700 19,325,600
55,059,800 216,088,500 19,305,600
53,948,500 216,164,100 19,438,700
50,083,500 216,711,200 19,062,300
48,891,200 218,209,000 19,478,300
48,538,400 217,304,000 19,010,300
45,680,700 210,332,000 19,617,800
43,362,200 214,103,400 19,577,500
42,050,800 210,041,200 19.593.100
40,729,100 208,144,000 19.601.200
39.962.500 211,090,700 19.889.700
40,219,000 215.443.400 19,904,300
39.155.400 210.737.600 19.905.400
39.938.200 209.752.100 19.909.400
40.588.200 207,184,800 19.961.900
41,275,700 206.797.200 20,007,000
39,901,000 207,058,600 20,058,200
40.478.500 206.134.400 20.141.600
39,000,000 203.625.600 20,077.000
40,767,000 203.209.700 19.576.700
41.832.600 200,173,000
45,055,400 206.482.200
49.965.800 211,590,000
53.599.600 214.981.200
54,048,800 219.219.200
51.135.400 219.337.300
43.334.800 217.271.200
45,377,000 210.382.600
42.651.800 213.429.700
40.593.800 213.293.100
39.173.400 210.563.300
36.972.600 206.591.400
34,268,900 198.945.600
19.848.800
19,785,000
19,767,000
19.617.600
19,486,000
19.427.100
19.398.800
19.335.900
19.232.400
19,236,000
10.335.200
19.290.900
19.512.100
Agg. Clear.
$
414,140,015
355,692,070
342,277,469
330,537,433
285,760,611
348,022,456
330,877,791
333,600,566
370,111 707
453,971,304
424,149,900
482,291,920
392,878,293
48S,571,553
408,903,425
460.572.737
404,037,742
368,238,059
430,095,221
380,741,510
421,244,872
325,696,134
411,598,790
424,413,225
480,222,549
507,331,749
011,074,082
493,410,515
452,720,433
434,908,904
510,297,775
501.321,270
400,417,429
413.892.738
399,872,057
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
SECURITIES.
BOSTON.
Maine 6s
New Hampshire 6s
....
...
-
-
7s
Municipal 7s
T
-
sewerage
....
...
Portland 6s
33*
94
68
Omaha & S. Western, 8s
Pueblo & Ark. Valley, ?s, old
Kutland 8s,ist mort
Vermont as Canada, new 8s..
Vermont*Mass. ltK.,6s
107
?5*
STOCKS.
Tcpcka 1st m.?s
*
112
land grant 7s 112
2d 7s
114
112*
land Inc. 8s..
do
do
Boston & Albany 7s
do
' 6s
Boston & Lowell 7s
Uoston & Lowell 6s
Boston & Maine 7s
boston & Providence 7s
Burl. & Mo., land erant 7s....
do
Neb. 6s
do
• Neb.88,1883
Conn. & Passumpslc, 7s, 189i.
Eastern, Mass..3^8, new. ...
118*
109* HO*
105* 106*
.
»
104*
Fitchburg KR.,6s
Boston & Maine
Boston & Providence
Burlington & Mo. In Neb....
Cheshire preferred
Chic. Clinton Dub. & Min....
Cln. Sandusky & Clev
Concord
•
*
'63*
(New Hampshire)..
•
1
*
....
112*1
Lawrence....
Bid. Ask.
SECURITIES.
14*
59*
Ogdensb. & L. Champlain ...
do
pref..
14*
60
1049*
71
112
111
105
133*
71*
112
‘25*
42
4*
14
117
39
120
37
AND CITY BONDS.
5s, g’d, mt.,reg. or cp.
as, cur., reg
5s, new, reg., 189M90\!
6s, 10-15, reg., l-»77-’82.
68,15-25, reg., 1882-’92
6s. In. Plane, reg.,l37y
Philadelphia, 5s reg.
do
6s, old, reg.....
do 6s, n., rg., prior to’95
104*
100*
102
103
106
110
lo;*
Delaware 6s, coupon—.....
Harrisburg City 6s, coupon..
RAILROAD STOCKS.t
Camden & Atlantic
do
do
pref
do
pref
new pref.
do
Delaware & Bound Brook....
East Pennsylvania
Elmira * Williamsport
do
pref..
do
Har. P. Mt. Joy * Lancaster
Huntingdon* Broad Top...
do pref.
do
34*
44
20
41
101
3*
7*
do
8
13*
4*
4%
13 o-M 130
21*
22*
-
15*
15*
51
127
3
0
pref
RAILROAD BONDS.
98
Inc. 7s, end..’91
27
Belvldere Dela. 1st m„ 6s,1992 101
do
2dm. 6s. ’8).. 104
do
3dm. 68,’37..
do
Camden AAmboy
6s,coup,’33
31*
99* 100
..
.!.*!
112
io2
109
..
....
5s,perp
do
...
...
109
109
*
"
10V
107
73
Harrisburg 1st mort. 6s, ’8L.
H. & B. T. 1st m. 7s, gold, ’90.
do
2d m. 7s, gold,’95.
114
3dm.con8.7s, *95*.
29
do
31*
40
'86
100
108*
*99*
110
101
100
Uhe8ap. & Dela. 1st 68, rg.,’80
Delaware Division 6s, cp.,’78
Lehigh Navlga.
m., fis, reg.,’84 103
do
mort. RR., rg.,’9 106
do in. conv. g., n g.,’9.
90
do mort. gold, ’97
92
do cons. m.7s, rg.,19l!
Morris, boat loan, reg., 188.5.
Pennsylvania 6a, coup., *.9i0..
iSchuylk. Nav.lst rn.6s.rg ,’97.
do
do
do
2d
m.
63, reg., 1907
6s, boat&car,rg.,19lS
7s, boat&car.rg.,l9 f
Susquehanna 6s, coup.. .9.8.*
103*
107
93
60
65*
1-0
60
42
91
25
109
112
107
100
103
108
109*
110
112
105
109
109
112* 112*
113
115
116
115
115
117
112
112
114
: 13
114
110
RAILROAD STOCKS.
Par.
Balt.& Ohio
...1(X
92
90
do
Wash. Branch.100 130
145
do
Parkersb’g Br..50
3*
2*
Northern Central
50
13*
Western Maryland
5
50
Central Ohio
5i
30
26
Pittsburg & Coiinell8vtlle..50
5
ii*
railroad
bonds.
Balt. & Ohio 6s, 1880, J.&J....
do
6s, 18S5, A.&O.
N. W. Va. 3d m..guar.,’85,J&J
Pittsb.& Connel)sv.l8,’9S,.T fcJ
Northern Central 6s, ’85, J&J
do
63,1900, A.&O
do 6s, gld, 1900, J.&J
Cen. Ohio 6s, 1st m.,’90,M.& S
W. Md. 6s. 1st in., gr ’90,J.&J
do
1st m., 890,J.&J...
do
2d m.,guar., J.&J
do
2i m., pref
do 2d m.,gr. by W.Co.J&J
do 6s. 3d in., guar., J.&J.
Mar. & Cln. 7s, ’92, F. & A
do
2d, M. & N
do
8s, 3d, J.&J
Union RR. 1st, guar., J. & J.
do
Can on endorsed.
.
101*
102
104
100
105
100
103
l'JO
104*
103*
108
103
108
92
103
111
85*
34
14
108
L10
105
106
107
104
1!)C*
104
114
105
114
93
110
114
90
35
14*
miscellaneous.
Baltimore Gas certificates...
98
People’s Gas
CINCINNATI.
H*
...
6s, coup., ’89
iff
mort. 6s, ’89.
Cam. * Atl. 1st in. 7s, g., 1993
do
21 m., 7s, cur.. 1879 101
Cam. & Burlington Co. 6s,’91.
Catawlssa 1st,7s, cony., M2..
chat, m., 10s, ’83
do
do
new 7s 1900
108*
Connecting 6s, 1900-1904.....
Cliartlers Val., 1st in. 73,C.,190.
Delaware mort., 6s, various
Del. & Bound Br., 1st, 7s. 190L ioo*
East Penn. 1st mort. 7s, ’88
E1.& W’msport, ifet m.,Is, ’80. 106*
do
do
82
CANAL BONDS.
...
Susquehanna
Allegheny
6
Vai.,7 3-10a, 1398 .
do
fo, E. ext., 1910
99*
•9*
30
36
...
.
Morns....
do
pref
Pennsylvania
Schuylkill Navigation
36
35
13*
West Chester consol, pref....
West Jersey
CANAL STOCKS.
Chesapeake & Delaware
Delaware Division
Lehigh Navigation
23*
35
Pennsylvania
Philadelphia & Erie
Pniladelphia & Read ng
Philadelphia* Trenton
Phtla.WUmlng. & Baltimore
Pittsburg Tltusv. & Buff
United N. J. Companies
102*
104
Union & Tltusv. ist m. 7s, ’9C.
United N. J. cons. m. 6s, ’94
Warren & F. 1st m.7s, ’9i
West Chester cons. 7s,’91.
West Jersey 6s, deb.,coup.,’83 87
do
1st m. 6s, cp., ’96. 1*7
109
do
1st m. 7s. ’99
Western Penn. RR. e»v?p.’.899
do
6s P. B.,’96
...
41*1
43
50
102
9
28*
35*
pref
North Pennsylvania
in..6.?,g.,1905
....
Nesquehouing Valley
d>
cons
inc.& 1. gr ,7s 19;5
.
31
43>v
Norristown
do
do
6s, exempt, 1887
do
<>s, 1890, quarterly.,
do
5s, quarterly. .
si* Baltimore 6a, :SS1, quarterly
do
6s, ;8S6, J.&J
do
6s, 189J, quarterly..
do
6s, park, 1890, y.—M
"do
6s, 1893, M. & S
do
68,exempt,’i)S,M.&S
do
3
1900, J.&J
do
1902, J.&J
4*
34* i Norfolk water, 8s.
35*
Stinehill
Northern Pacific
...
L. 78, cou., 1907- 1C2
Shamokin V.& Pottsv. 7s, 1901
dtoubenv. & Ind. 1st, 6s, 1834. 102
Stony Creek 1st in. 7s 19J7-..
Sunb. Haz. & W.,lst m.,53,’21
72
Sunbury & Erie 1 st m. 7s, ’97..
Texas & Pac. 1st m ,6s, g..l905
Maryland 6s, defense, J.& J..
do
45
3*
34*
41*
47*
Lehigh Valley
Little Schuylkill
mort., 7s, 1892-3
BALTIMORE.
Catawlssa
Cincinnati's
do
do
do
do
Hamilton
+ 100
t 108
7s
09*
Hi*
100
7-30s.....
t 111
South. RR. 7*30s.t III
111*
do
6s, gold t 100
100*
Co., O., 6s. long., .+ 100
102
uo
7s, 1 to 5yrs..t 101
do
7 & 7-30s, long.f 104
108
Ctn.& Cov. Bridge st’k, pref. 100
Cln. Ham. & I). 1st m. 7b, ’80 + 100
100*
2d m. 7s, ’85 t
100
do
98
50
Cln. Ham. & Ind., 7s, guar....
40
Cin. & Indiana ist m. 7s..
102* 105
do
2d m. 7s, L7..+ 8a
Colum. & Xenia, 1st m. 7s. ’9i> 104
ioo
Dayton & Mich. 1st m. 7s. ’81+ 101* 102
do
do
.
34
Ithaca* Athens 1st g d, is.,’90
Junction 1st mort. 6s ’82. ..
do
2d mort. 6s, 1900 .
L. Sup. & Miss., 1st in., 7s g
,
Dayton & West.
2dm. 7s,’84.+ 100
3d m. 78, ’88+ 93
1st in., ’81 ...t 100
do
1st m., 1905.f
do
1st in. Us, I90o
Ind. Cln. & Laf. 1st m. 7s.
do
(I.&C.) 1st m.7s,’88+
Little Miami 6s, ’83
+
Cln. Ham. & Dayton stock..
Columbus & Xenia stock
90
too
90
102
100
Lehigh Valley, lst,6s,cp.. 1898
20
10
do
do reg., 1893... HI* 112*
106
116
do 2 1 m.,7s, reg., 1910.
22
20
Dayton & Michigan stock....
102
do
con. m.,6s,rg.,1923
8. p.c. st’k, guar +98
6s,- p.,19
do
do
10:& 102 Littledo
Miami stock
103
Little Schuylkill, 1st m. 7s.M2
LOUISVILLE.
North. Penu. 1st m.6s, cp.,’85. 107 X 108*;
Louisville 7s
103
106*
do
2d m. 7s, cp., '96. 116
113*
do
+ 99* 100*
6s,’82 to ’87
do gen. m. 7s, cp., 1903. 112* 113*
do
+ 99* 100*
6s,’97 to’9X
do gen. m. 7s, reg., 190
do
water 6s,’87 to ’89 + 99k 100*
82
Oil Creek ist m. 7s, coup.,’82
do
water stock 6s,’97.+ 99* 100*
rittsb. Tltusv.* B.,7s,cp.,’9t 25
do
+ 99* 100*
wharf 6s
do
scrip....
do
snec’l tax6s of ’89.+ 99* 100*
Pa.&N.Y.C.& RR. 78,1898 ..
Loui-ville Water 6s, Co. 1907 + 105
106*
Penn9ylv., 1st in., 6s, cp., ’80.. 104
do'
HI* Jeff. M,&l.lstm. (l&M)7b,’8i+
gen. m. 6s, cp., 1910
ib»
101
do
2d m., 7s.. ...
do
een. m. 6s, rg.,1910. 11L
112
do
1st in.,7s, 1906....+ 111
102
do
cons. iu. 6-, rg., 1905
Loulsv.C.&
Lex.
1st
in.7s.’97t
108* 109*
104
do
cons. m. 6s. cp., 1905. 100
100*
Louls.& Fr’k.,Louisv.ln,6s,’8
do
Navy Yard 6s, rg,Ml
& Nashville—
Penn. Co 63. reg
10'i* 101* Loulsv.
Leb. Br. 6s,’86
+ 101
perkiomen 1st in.6s,coup.,’sf.
1st m. Leb. Br. Ex.,7s,’80-85.+ 100
Phila. & Erie let m.6s, cp.,’81. ibs* :o4
Lou. In.
100*
do
68,’93. .+ 100
luti
do
2d m. 7s, cp.,’-S8. 107
Jefferson Mad. & Ind. stock. 103* 104
Phtla. * Read. 1st m. 6s, ’43-’44 • 103
,
iSSj*
do
d)
*48-.49
do
2d m., 78, r p., S: 113
do
deben., cp./JS'
do
do
cps. ofc..
do
scrip, 1832.
do
In. in. 7s, cp,1896
do cons. m. 7s, cp.,l9li.. 104
do cons. m. 7b, rg.,19U.. 104
do con3.m.6s,g.i.l9U.... 95
do conv. 78, 1893*
do
7s, coup, off, ’93
42*
4*
11*
114*
32*
111* »12*
ilo* 116*
6s,n.,rg.,. 895* over 110* 117
Allegheny County 5s, coup...
Allegheny City 7s, reg
Pittsburg 4s, coup., 1913
do
5s, reg. & cp., 1913. 35
do
6s, gmd. reg
do
111*
78, w’t’rln,rg.&cn. ibs
120
<io 7s, itr.imp., reg.,’33-36* H0
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6s, coup
Camden City 6s, coupon
do
7b, reg. & coup
92
32*
do
do
82
11
73
Phila A. Read. C.& I. deb. 7s r-2
do
deb. 7s. cps.ofi
PHILADELPHIA.
Penna.
do
do
do
do
do
Ask.
100* Pltts.Cln.&St.
08*
Rutland, preferred.
Vermont& Massachusetts..
Worcester & Nashua
Bid.
Phila. Wllm. <fe Balt. 6s.’84
30* *81
Palace Car
Puenlo & ^rk nsas
Pullusa
Etc.-Continued.
SECURITIES.
87
Northern of New Hampshire
110* 117
Norwich & Worcester
42
(Mass.)
68
do
78.../.....;...
«An. City Top.* W., 7s, 1st
ao
do
78, Inc..
Atchison & Topeka
105
....
33*
....
Boston 6s, currency
do
5s, gold
Atch. &
do
Ogdensburg & Lake Ch.Ss..
Colony, 78
do
Vermont 6s
do
Bid. Ask.
Oid
Massachusetts5s, gold
Chicago
SECURITIES.
Hartford & Erie 7s, new......
PHILADELPHIA.,
STATE
776,600
360,000
198.9(H)
2,239,000
39.600
1,085,400
446,000
163,000
206,000
1,824,200
722.300
49,100
243,000
1.524.100
4,947,000
1.926.100
7,266,000
1.767.300
1.846.500
20,200
328,000
63,009
13.600
600
500
81,300
44,500
130,000
1,100
1.722.600
952.400
261,600
921,000
192,000
709,300
2,700
2,031,900
316,200
755,500
37,200
1,410,000
45,000
7,386,000
180,000
7,211,000 1,657,700
3,595,390
883,700
3,032,000
179,300
1.880.400
1.939.500
609,900
2.781.900
400,500
1,082,500
5,400
349,000
149,8(H)
14,409
27,999
257.500
77.800
11.400
51.800
96.400
44,000
2.207.500
204,000
142.100
113.800
6,400
1,012,400
7.802.600
3.200.100
5,008,200
4.313.800
2.838.800
5.170.600
2,143,000
6.758.500
1,720,000
1.189.800
10.664.900
BOSTON,
100
Old Colony
05
Portland 8sco & Portsmouth
$
1,270,300
435.400
425,090
121.900
tion.
$
316.800
196.500
1,504,500
Circula¬
347
*
In default,
i Pe” share.
115
25
.to*
104*
104*
ST.
LOUIS.
St. Louis Ss, long.
+
do
water 6s, gold
do
do
new.f
do
do
bridge appr., g.6s +
do
renewal, eold, 6s.+
ao
sewer, g. 6s, ’91-2-3.+
w par
ark,g.6s.+
St. Louis Co. newj
do
cur. 7»..
•
t And Interest.
•
•••
105
106*j
1O0>?
106
106
106
106
106
348
THE
chronicle.
QUOTATIONS OF STOCKS AND
U. S.Bonds arid active Railroad Stocks
are
quotei
on a
Bid.
8*OUKI'»TtB8.
Ask.
Bid.
8BOUBITIBS
do
do
do
do
do
do
io
do
484
5b,1SS6.
484
;
88.1386.
.
48%
484
8b, 1S8S
8s, M.&E.RR..
c'e, Ala. & Ch. R.
Ss of 1892
20
20
49
75
55
Ffl of 1893
Class A
< o
Cla-s B
do
Cla-s C
Arkansas 6s. funded.
do 7s, L. R. & Ft. S. Ibb
do 7s Memphis & L.R.
•
•
•
•
do
Kentucky 6e
•
•
•
•
1
101
10 L
4
I
1
...
ni4
no
1102
Del
do
Alb mv*
83
81
31
Burl. C. Ran. <k Northern.
Ches.& olio, 4t pref ..
do
21 pref....
324
do
iod
.
”1%
Rea*»elaer & Saratoga
St. Louis Alton * T. H
do
do
154
37
90
9W4
3
...
pref
T^rre Haute & Ind*poll«
United R. J. R. * Canal
’4
159% I5i%
.
*
.
100
...
.
.
1344
.
95
140
RIlsceBoas Stocks.
AdaiiH Ex»re«s
America* Express
United -tateB E'P css...
105%
...
’
99%
48
36
36
50
75
25
r0
30
83-%
>54
Atlantic & Pac. Tel.....
Am. District Telegraph.
Go d & Stock Te egraph..
janion Co., Baltimore
American Coal
ConeoMdat’n Coal of Md.
Cumberland Coal & Iron.
Maryland Coal
Pennsylvania Coal
S >rlng Mountain Coal..
M .rlpoea L. & M. Co
130
do
do
pret
Ontario PJlver Mining
...
32
80
73
..
Minn.* St.L.,let 7s gua
Chesn.
«*, pur.»» ’y fd
do 6sg,8er. «,in .def.
do 6s car
In:, def...
Chicago «£ Alton ist mori.
6a.
1917, reglPt’d
Kook.&D M’s,lst 1 g.,5.-
Central ot n. J., 1st m.,
do
lstconso*.
..
i
115
104
107
:
103
107%
110
n^
112% 113
'
67%
114%
103
.
66%
el..
..
8644
.
adj’mt b., 903.
.
do
do
ass^.i ted
Am. Dock & Imp. bond*
do
2d m
do 1st ni.,7b, J.&D.E
Chic. 4M.il tbt.sink. la
do
lnt. bonds,
do
cciisol.bd*
io
ext’n bds..
.
do
1st. mort..
do
cp.gld.hd*
.
53%
f3%
12*%
108%
107%
fio
07
125
113
Bull. N. Y. & E. 1st. m., 1916...
Han. & St. .To., 8b. couv. mort.
Ill. Cen.—Dnb.&Sloux C..lstm 710*4
do
do
2d dlv. 7T 54
Cedar F. & Minn., 1st mort..
'32
tndlanap. Bl. & W., let mort...
do
do
2d mort.
Lake Shore—
Mich S. & N. Ind., S.F., 7 p.c.
1104 ....
Cleve. & Tol. sinking fund..
:0d-/4
108
liOP
do
new bonds...
Cleve. P’vllle & Ash., old bde 10 ,'4| 104
.09
new bds
do
do
111
Buffalo & Erie, new bonds...
Buffalo & State Line 78
7102
Kalamazoo* W.Pigeon, Tel
Det. Mon. * Tol.,1st 7s, 19C6
114%
Lake Shore Dlv. bonds
do
Cone. coup.. 1st.
1174
do
Cons, reg., 1st.
1174
It 0%
do
Cons, coup., 2d..
109
do
Cons, reg., 2d
107
Louisv. * Ns8hv. cons. m. 7s.
107%
do
2dm., 78. g..
00%
108
Nashville* Decatur 1st,7s..
Marietta * Cin. 1st mort
85% 92
sterling
96%
Metropolitan Elcv., 1st, 1603.
Mich. Cent., consol. 7b, 1902...
1x7
06%
118
lit)
do
1st m. 8b. :882, s.f.
do
equipment bonds.
57
Mo.K &T.,C' ne ass., 1604-5-6.
58
do
2 1 Ill. inf.. 1911
234 244
101
H. & Cen*. Mo , 1st, i«90.
New Jersey Southern i8tm.7e
45
do
cocsol. 7e, 1903.
N. Y. Central 6b, 18ts6
105%'105%
do
6b, 1887....
lOo>g
do
6b, real estate.,
1044
do
6s, subscription, 1044
do & Hudson, let m.,couj
I2I4
do
do
1st m., reg.
7»2l%
Hudson R. 78, 2d m., s.f., 188; 7lub
C nada South., let guar..
7a% 70%
Harlem, let mort. is,coup.,
do
do
7b. reg..
1254
N. Y. Elevate 1 RR.,’fet in.. 1905
!06
Ohio * MIbb., consol, sink. fd.
1074 1074
do
consolidated....
1O64
do
2d do
92*.
do
1st spring, dlv..
30
60
1^34
Pacitlc Railroads—
Central Pacific gold bonds
1C8%' 109
do San Jot quin braroh
96 I 9 4
do Cal. & Oregon 1st
796%
do St*te Aid bonds.
7i00
do Land Grant bonds..
«7%
Western Paclf c bonds
104
Southern P«c. of Cal.. 1st m.
Union Pacific, 1st mort. b'di
108% 109% j
do
Land grants, 7s
1 >04
.
...
do
Sinking fund...
108
.
ygfcF*
.
....
..
..
K "3V
do
do
104
105%
1034
1214
.
r
do
do
2d mnn.. nref.
.
do
do
1
...
do
do
do
do
mnsol.'e, lti.i
.
St. L. V»ndalla * T.
*0.
..
100
98
lst.W.D
liur. L>
1st p ef Inc for 21 M
co
Jsi inc. fo.- cons’d...
Tol. & Wabash,, isr. m. exrenr ii0’4
do
ex coupon
305
do
mm.St.L. dlv
do
ex-matured coup....
do
2 1 mort
do
Extended, ex coup.
dn
enuin’t bonds...’...
do
con.conve.it
62
do
ex coupt n
Great Western, 1st m., 1S88..
do
ex coupon
1034
do
2d mort., ’93
;:02
r o
81
t X coupon
Quincy & Toledo, 1st in., ’90..
85
o
exfcupon
Illinois & So. Iowa, 1st mori
do
ex coupon.
i'4
Western Union Tel., 1900,cp... 7111
do
do
7111%
reg...
Incomk Bond*.
Cen4ral TiR. of N. J
57%
*903
Leh.ifc WLkesba-re Coal..1S38
22}-x
101
100
35
.
STATES.
con. 66 (good -.
Rejected (best sort)
TexaR «s, 1892
M.AS. fl03
7s, gold, 1392-1910.. J.&J. tll2
7s, gold, i904
J.&J 7113
10s, pension, 1894., J.AJ. t:oo
854;
.
65
|
105
j
‘
I
lCl.
UuUilUdi.
1
Bonds A and B
65
Endorsed. M. & C. RR
Compromise
6s,
.
8b
fill
38
102
long
tl054
39j
1(6
do
Water 7s, long.... fill
flOl
fill
Poughkeepsie Water..
Rochester C. Water bds.. 1903. f112
Toledo 8s. wate , 1894-’94
+ 108
Toledo '-80s
-014
Yonkers Water.due i9C*8
+110
Oswego 7e..
113
113
55
45
107
109
TO
110
116
103
Norfolk 68
8b
.
Consol., end.by Savttn’n
Carolina Cent. lBt m. 6s,g.
Cent. Georgia co nsol.m. 7s
Stock
-
Chan’te Col.AA. cons. 7g.
do
do
2d 78.
Cheraw & Darlington os..
iast Tenn. & Georgia 6s..
K. Tenn.* Va. Bp.end.Tenri
•i. Tenn. Va. & Ga. 1st. 7s.
Stock
Borgia RR. 7s
68
90
45
~tock
ireenvllie
96
52
.
do
''laoo
rv
38
43
ion
price to-day
these
a.e latest
77
RAILROADS.
111
1O0
47
55
..
“
Ala.* Chat.,Rec’s ctfs ,var
Atlantic & Gulf, consol..
934
.
7b, old
vViim’ton,N.C.,6s,g.) coup
8s, gold
S on.
114
115
105
113
.
no
Richmond 6b
Savennah
7e, new
'113
98
108
100
Petersburg 6b
RAILROADS.
92
104
9 7
107
92
40
40
85
38
94
50
97
82
83
9)
••
SaRhvllle 6s, old.
6s, new
New OrleanB prem. 58
Consolidated 6s
Railroad, 6s
r.104 111%
+111
45
funded
Montgomery, new 5b.
108
114
t305
106
tll04 > 114
till
113
Hartford 6s, various
rlO
...'.
.......
do
l.gr., Ge, g
Chic. & S’thwestern 7s, guar..
Cin. Lafayette & Chic.. 1st ni
84
Cin. & -> p. 1 tm„ C. .C.& 1,7e
90
<lo
lfctm. g'd L. .&M.S.,7s
10!
Col. & Hock V. 1st <s, 30 years, '■1044 106
do
1st 7s, 10 years,
+99
101
do
2d 7s, 20 years.. +91
93
J0j?c 70241 Dan. Urb. Bl. & P. 1st m. 7s, g.
41
46
Denver Pac., 1st m.7s, ld.gr.,g.
1034
50
0*
Erie & Pittsburgh lot 7s
104% 1(5
100
do
7103*2 1044
con. m., 78..
954 97%
do
7s, equip...
7s
Evansville & Crawfordsv., 7s..
K2
307
95
Evansville Hen. * Nashv.7s...
41
50
Evansville, T. H. & Chic. 7s. g.
£5
Flint & Pure M. 8s,Land grant. + *85
90
Ca’v. Hons.* Rend., 7 gl 1 ’71
83
85
Grand
K.A
ind.
1st
1O0
115%
is, l.g., gu.
103
do
ist .8,1. g., not g *
88
93
53
75
do
1st ex 1. g. .s
61
Grand River Valley ?t,, 1st in.. *.00
102
Hous. & Gt. N. 1st is.g., certs.
78
105%
82
Hous. * Texas C. 1st 7s, gold..
10334 105
111
115
do
West, div
97
99
do
Waco.
93
100
07
do
consol, bds
704
91
39
Indianapolis* St. Louis 1st 7s
7o
60
39
41
90
'ndianap. * Vlncen. Ist7s, er..
96
International <Texas) -8t 7®10;%
79
83
9n
!nt. H. & G. N. conv. 8s
23
lack.L.&S. Ss,lstm.,*‘whl e” -109
1 >94
ial. Allegan. & G. R. 8s, gr.
120%
1014 109
ID'
Kalamazoo & South ri. 8s, gr..
99
100
1104 1154 ^ong Island RR., let mort.
102
1j5
114
115 Jkf dicnlgan Air Line 3s, 1840..
1« 2
110
1». 4
vlontclalr & q. L.lst
30
(uew
N. J. Midland 1st 7a, god
61% 62
35
40
20
21% '4. Y. & O8W. Mid. 1st....
8
9
55
do receiv’s ctfs.(labor/
3j
40
3)
do
do
30
(other
110
Jswego & Rome 7s, guar
924 96
95
Peoria Pekin & J. 1st mort
•25
40
St. L. & 1. Mt. (Ark. Brfi 7s, g.
93%
87
91
111% >11% 4t. L. & San F., 2d m., cli-is A.
70
7.
115
I
do
do
1114
class B
40
45
Aaii accrue.^ UKeiesi,.
102
1(4
60
62
60
Lynchburg 6s
Macon bonds, 7p
Memphis bonds C
112
* Col. 7s, 1st m.
7s. guar
Macon & Auv.21 endorsed
phi 8 &
2d 7s
tock..
•tr. Ill
Cuu’ston 1st 7t
•
vlempn. & Lit. Rock lit4s
vllsslhsippl Cent. 1st m. ,c
2d inert., ex coupon-....
MW. & Tenn. 1st in. 8s, A
1st inoit., 8s, B ....
Moulin & Ohio’sterllng 8s
ster lng ex cert. 6s
os, interest
2d mort. 8s
n ew 1st mort
New debeu ure3
s. u. « Jacks. 1st m. 8r..
Certificate, 2d mort 8s.
Nashville Chat. & St. L. Is
Ist.T-s, Ten.i.* Pac. or
i t-1, C>, Me M. M. W .& A1. B r
Norfolk & Petersb.iBt m Jis
l6tmort.7s
2d inort. 8s
'Jortneast, S.C., ist m. 8e.
2d mort. 8s
trange AAlex’drla, ’"ts.et
as, 6s
.
107
103
,97%
114
.
3ds,8s
lths,8s...
ilch. Fred. * Potomac 6..
mort. 7s
ilcu.^5 Dauv. iaiconsol.6f
-»outhwest.,Ga. .conv Tp.’^
'OUthwestern. Ga., stock.
Carolina RR. W m. 7s
78,1412, non-CD joined ..
7s, non mort
->avaiiuah & Char.lst m.
Chi’ston & Sav. 6p, end.
•Vest Ala., 1st mort. 6s...
2d in.SB, guar
.
PAST PPo COUPONS
Tennessee State coupons..
South Carolina conso'.
Virginia coupons
*
.
100
107
8r
105
111
..
105
113
115
102
CITIES.
Atlanta,Ga., 7s.
Waterworks...
81% Augusta, Ga., 7s. bonds.
Charleston stock 6s
Charleston, S. C., 7s, F. L.
Columbus, Ga., 7s, bonds.
.
'
82
S. Carolina
CITIES.
do
108
Min'1., 7e. 1st (p nk)
Mobile as (coups, on;
8s (counors on)
Albany, N. Y., 6e, long
Buffalo Water, long
Chicago 6s long dates
..
:....
(Brokers' Quotations.)
Miscellaneous List.
iBrokers' Quotations,)
Atchison & P. Peak, 6s. gold..
Bopton & N. Y. Air Line, let m
Cairo* Fulton, 1st 7s,gold...
California Pac. RR., 7s, gold
do
68,2nin.ii.
Central of Iowa lstm. 7a,gold.
Chief A Can. South Istm.g. 7s.
Chic. * East. Ill. 1st mort., 6s
do
2dm. Inc. 7s.
Jh.St.P. & V inneap., 66,g.,new
57
105
Soutki’u Securities.
..
Indianapolis 7-30s
if. 1st
Tol. Can. S. ADet. 1st 7s, g
Union & Logansport 7s..
Un. Pacific, So. Br ,6g. g.
.
Long Island City
Newark City ?s ‘long
81
do
2d, gua
Sard. Mane. & Newark 7s.
?. Side, L. I., let m. bond
?. Minn. 1st mort. 7a. ’38..
do
do
do
small
r«giBterej
46
ii09
P.Cora.hcpts.lst.E.D
do
7s, sewerage
do
7e, water
do
7s, river improvem’t
Cleveland 7s, long
Detroit Water Works 7s
Elizabeth City, short
u?4
BONDS.
altou & i .11. „u m. me mt
Henevilie <*, ». lll.R. 1st m. Ht
Tol. Peoria
Warsaw, 1st E.L
do
1st W. d
do
jrtuilingt’n ’tiv
do
2d mori. 1"86
i..
.
Rome Wateri’n
do
1
1
AND
bonds, 1866
new
consol, bonds
ex matured coup
consol., 2d series
deferred bonds
I D. of Columbia 3’65s, >924.
id
i
1034
STOCKS
..
68,
6s,
6s,
6s,
^
..
.
...
.
-■
.
St. L. K.O.A N. ”.E. & R.,7s, ’95
Aorth Missouri, ist mort
St. j,. Allou js r. ll.,lst |iiort.
5s“
9%
y
.
2d m..
3d m.
Cleve. & Pitts., oonsol.. s.f.
tio
4lh inort..
Col. Chic. A Ind. C., 1st mori
do
do
2d mort
do
Tr. Co cf.,1 i c ms.
^..con. ihi
8t. L. * Iron Mountain, 1st m.
do
do
2d rn.
-
a
12
.
•
2d mori.
1108
bonilB, 190
conutruct’ri
85
7b, of !87
10 <4 :<>'*%!
do
1st cod. guar
04
05
Uel.u Hud.Canal,let m..*3
lifts 074
do
do .St’
9*4 074
do
1st extend d
97 4 100
do
/».
co
0T
I
Cong Dock bonds
..
...
J107%
102%1
104%
1144
Nou-fundable bonds
Tinnessee 6s, old
do
6s, new
do
6s. new series
Virginia Is, old
•
..
804
*4
8%
«•%
\. * 0
do
3184:110
do
5th do
7b, 1888
do 78 eon?, gold bonds. 1920. )
Ex-cour>. Se>t., ’79 & prev.. j
7s of 1888
6
124
’93-4;
April * Oct
23
21
•
Ask.
Funding act, 1866
Laud C\, 1839, J. & J....
LaudC., 1889, A. & O....
*
•
Bid.
Ohi 1 63.18S6
R lode Island 6e, cp.,
S >utb Carolina 6s
Jan. & July
.
1004
Ohio 6s. 1881
09
03
106
he.
pir muy
SKOUKITlKS.
no
224
22%
1004
Cha ham RR., A & ).
Special tax, Class 1
do
Class 2
do
Class 3
1014 103
.
-
-
act, 1866
do
1868
New bonds, J. * J
at.
.
106
..
do
d »
7004
100%
...
1014
Funding
1
71114;ill%
...
21
i
...
004
104
104
ISK.
:05
1891.
1892
.1893
.
.
do
A. * O
do coup, off, J. & J
do
do
off, A. & O.......
i
100
lHU-nnKVIls
va'.ue, whatever the
....
...
Carolina—la, old. J. & J.
1HISCELLAKEOUS
reg. -a.»
reg
Susq. >»t. bds ..
2J bonds
.(1 bonds.
do
do
do
do
..
.
....
loan... 1883.
do
do
do
Bid.
....
do
A. A O
N. C. RR
J. & J
49%
104
105
107
109
108 V, no
li'4
do
re Is.ere'i £s.
I'
Pacific R. of Mu., 1st mort..
l»-9%
106% 108
do
2d mort
io-m
do
Income, 7s.
103%!
do
tstCaron’tlSouth Pa'.of Mo., 1st m
Kansas Pa„\, 1st m. 6s. 1395
no
with coup, c fs.
ioo I!!!!
do 1st m.. 6s, 1396
10
do
with coup, ctls
%;
100
do 1st. is. Lea en.nr.,’9<
)107%
do
with coup cifs
1164| ...
J05 | ...
do 1st. 7sR.AL.G.D’1.’9J
1084
do
with <:oi‘P cifs
do 1-t in.. 7<. I’d gr., ’80.
308-4,10 4'
108%
do
with coup, ctfs
do 2J mort.,7s. 1834.
1044
do
wrth coupon ctf<..
do Tuc. cp. No. 1 * on 1916
do Inc.ci». No 16ou 1916
105
do Den.D.v Truit Ke
101
r o
jctu h d ou up.
do.
m
Pennsylv mla KR—
00
Plus. Ft. W. & Chic., 1st m..
m..
do
do
do
do
77U
05
...
Pa.';iv.coup.7s,1917
..
do
leg. do
Iowa Midland, ;ei m. 8*.
Galena & Chicago Ext
Peninsula. 1st m.,conv.
Chic. & Mllw., 1st mort.
\V inona * St. P., 18t m.
do
2d mori.
C.C.C.*lnd’e lp.t in.7b,SI.
do
consol, in. bd
Del. Lack. * West., id in.
do
7b. conv.
do
inert. 7b, 190',
Sjr. Biugh.* N.Y.
..un« « mseiex, ist.
►74
100%
75
05
sseniel.
Ch.Mll.* St.P. 8tm.8b P.D
do
2d m. 7 3-lu, do
do
1st 7b, $g ,11.1'
do
1st Hi., La C.D.
do
l6tm.,I.*M..
do
1st m., 1. & d
do
l6t U).,H. & D.
do
lstrn., C. &M.
do
coneol.8lnk.lo
103%
101%
101%
do
6b
5s,
5s,
N orth
.
111
couv
do
110
U‘3%
Lehigh * W 13. COU.gtm;
do
35% j
b
seemed
asset;
734
b4%
do
income
d >
eink’g fund
Joliet & Chicago,.ui m.
La. * Mo., 1st in., guar..
8t.LJack.* Ch:c.,l8t m.
Chic. Bur.* Q. 8 p.c.,letn
do
conBOl. m. 7s
do
5b sink, fun*
Ch.Rk.I &P..68, coup, 1917
36
36
~9J
,
do
do
do
do
33
32%
Pullman P. 1 tar
rtttlfroad Bonus.
Stoc*• Exchange Price*
Bob oa H. * Erie, 1st m.
do
guar.
Bu .C. H & North..’.8t 5s.
'
....
'•id
Homeetake Mining
(
••
47
99
Wcll-,Far~o & Co
Qu ckeilvedo
pref
101
101
no
102
Erie, istinort., extended
do
2d
do
7b, 1879
do
3d
do
78, 1883
do
4tli do
7b, 1SS0
..
F.Y. Elevated Kit. cx priv
N. A. Rew Haven * Lari.
Ohio & Mississippi r-ref
Pitts. Ft. W. & Oh
spec..
AND
al,
5s,
t
118
Rene. & Saratoga, latcnup .
!20
r’o
1st re?...
120
7118
Denv.& Rio Grande 1st m.,1900
884 89%
—
..
• a:
dO
£.5
Harlem
Joliet & Chicago.
Lone Island.
Loutsvide * Nashville.
Nasnv. * har. & St. Louis
ro
....
Chicago* Alton, pref ..
Dubuque & Sioux City.
Jersey southern
1st
oo
Active
l ew
& dud.
New ifork otate—
03, gold, reg —1887
5b, do coup.. !887.
49
R»n. &6t. to.. lR’-G
RAVLKOAD
Rillraad Stocks.
previ'u%ly quot'd.»
Albany & Susquehanna..
49%
Asylum
Funding, due 1334-5
1034
101
do
1386
do
1837
do
1883.
do
1889 or ’9
or Un.,due 1892
do
do
11-4
..
do
do
SBOtJBITI K8.
20
j
1
1
...
37
37
37
37
37
37
YORK.
per cent
MIssour:—Han. & St. Jo., 1837
111
37
ao
NEW
Prices represent the
j
Ask.
10 i
War loan..
6s, new
do
6s, new tloat’g debt.
"9
do
7s, Penitentiary
do
6s, levee
do
8b, do
do
4)4
6a, do 1875
do
88, of 1910
do
7b, consolidated
do
7s, small
3
Michigan 6s, 1873-79
t
do
6
s, 1383
4)
3
do
7s, 1830
.Missouri 6b, due 1832 or ’83
1
Connecticut 68
Georgia 6s
do
'7s, new bonds....
do
7s, endorBed.
do
7s, gold bonds...
Illinois 6s. coupon, 187°
•
....
....
7s,L.R.F.B.*N.O
7e, Mibb. O. & R. R
7b, Ark. Cent. UR...
•
Louisiana 6s
6
...
do
do
do
.
IN
BONDS.
'
Alaoama 5s, 1883
BONDS
previous paje.
STATE
[Vol. XXVIII.
quotations made this week.
..
.
100
m%
10o
r3
964
864
no
90
9><4
30
30
10S
108
20
\
34R
THE CHRONICLE.
5, 1879.]
April
SECURITIES.
LOCAL
NEW YORK
Insurance Stock
Stock List.
Bank
List.
[Quotations by K. S. Bailey. broker,7 Pine itreet.]
Capital.
Companies.
PtfICB.
ITvipends
Surplus
Net
Capital.
latest
dates. §
at
are
Par
opt Nai’l.
America*...
Am. Exchan
Bowery
Broadway...
sjlutchers*& ]
Central
Chase
Chatham
.
...
.
...
Chemlca1.,..
Citizens’
City
Corr.meice
Continental
Corn Exch’ge*
East River....
.
...
11th Ward*...
\mount
100
100
100
25
25
100
100
2100
1,000,000
300,000
2,000.000
300,000
450.000
300,000
600.000
100 1,000,000
100 \000,000
100 1,000,000
100 1,000,000
25
250,000
25
100,000
Fifth
Fifth Avenue*
First
Fourth
Fulton
100
100
100
30
5U
Gallatin,...
German Am.*. 100
German Exch. 100
Germania*
100
Greenwich*
25
..
Irving
Island City*
..
Leather Manuf
Manhattan*
Mechanics’....
Mech. Assoc’a
Mech’ics & Tr.
Mercantile
Merchant*’.
Merchants’ Ex.
..
.
..
Murray Hill*..
Nassau*
New YcrtN. Y. County..
N. Y. N. Exch.
Ninth....
No. America*.
North River*.
Oriental*
Pac lie*
Park
People’s*
500,000 1,142,700 Q-J.
773,200 i. & j.
413,400 M.&N.
600,000
1,000,000 650,000 A.ft O.
....
Nicholas...
a ai d
£j*oe
& Leather
Sixth
State of N.
Third
Y*..
Tradesmen’s..'.
Union
W est
42,800 F.& A.
55,400 May.
15 9J0 May.
20,800 M.&N.
750,000
200,000
200,000
200,000
1C0.000
300,000
25
15," 66 J. & J.
40
100 1,000.000
156,400 1. ft J.
100 1,500,000 1,68“,100 J. & J.
KG,9J0 T. ft J.
50
500.000
5,800 J. ft J.
F0
100,000
431.3 JC I. ft J
100
600,000
50 2,050.000 1,017,500 F. ft A
20
100,000
1,0 Xi J. ft J.
65,200 1. ft J.
400,0<>0
100
500,000 218.800 J.&J.
8:7.300 1. ft J.
25 2,000,000
66,700 M.&N.
to
500,000
95,400 M.ftN.
25
300,000
iM ,700 M &N.
100 1,000,000
623.50 • J & J.
50 2,000.000
50 1,000.000
212,4 00 I. ft J.
8S10L’ J. ft J
100
300,000
7^2,000 !.&J.
100 3,000,( 00
100
78,100
100,000
5 i ,200 M.ftN.
100 1,000,000
6^6,0 :c 1. ft J
100 2,000.000
71,800 r. ft j
100
200,000
100
71,900 F. & A.
300,000
31,190 J. ft J.
100
750,000
58,300 1. ft J
70
700,000
78,20u J. ft J.
50
240.000
160,800 1. ft J
25
300,000
50
422,700 210,0 J<
Q-F.
100 2,000,000
214,000 J. & J.
J.
ft J.
25! 412,500
131,009
20 1,000,000
124,600 I. & J.
100,
Pi'.
195,600
100 1,500,00
304.300 F.&A.
100, f00,"()0
38,000 F.& A.
100
50,100 J. ft J.
300,000
100
300,000
61,300 J. ft J.
100
500,000
221,900 J.& J.
100
40,090 J. ft J
200,000
100
19s ,300 M.ft N.
800,000
100 1,00 ',000
20.W00 J.& J.
40 1,000,000
281,30- J. & J.
50 1,200,000
678,609 M.&N
100
93,400 1. & J
200,000
s
’
.
Side*....
’inn are
,
6
,
1*2
JV/i,
.
.
T9, 3
*28
-
12
J a i., ’79.
5
100
Jan., ’79 3
Nov
’78. 5
A pi, ’79. 34 iso
?(5
Feu., ’71. 3
May, ’78. 5
6
’77.
May,
NOV., "78. 3
6
10
7
10
7
....
6
6
5
.
•
•
7
.
•
•
6
.
.
.
li
8
...
•
64
•
.
7
8
2
9
2474
lNov., ’T7. 34
Nov., ’7-t. 3
64 Jan., ’79. 34
6
•
„
.
10
.
10
12
5
7
8
8
6
74
8
8
3
6
Ja i..
Nov.,
'aa..
Jan.,
Feb
,
Jan
July,
.
.
Ja
J»*n
10
10
6
8
6
li
12
6
10
6
.
....
.
•
64
ian.,
Jan.,
Jan
,
July,
Ft-b.,
•
Aug.
July,
3
9
10
3
10
10
7
7
3
,
Feb.,
6
64]
.,
Jan.,
Jan.,
Jan.,
6
7
3
Nov.,
Jan.,
74 Jan.,
10
Nov.,
9
8
8
Ja
8
j..
’79.
’78.
’79.
’79.
’79.
’77.
’77.
’T9.
’79.
’79.
’79.
’79.
’T9.
’74.
’79.
’77.
’78.
’79.
’79.
’79.
’78.
’78.
’79.
’78.
’7J.
70
24
126
74>.o
34
4
2*^
100
3
93
3
97
3*70
100
3
101
100
24
3
4
125
4
3
34
3
34
5
4
is; 9, for Jie National b
Par.
Brooklyn Gas Light Co
Citizens’Gas Co iBkl.m)
25
5-0
<}crt)ncate8
1,000
Jersey City & Hoboken
Manhattan
Metropolitan
no
-
—.
....
certificates
Mutual, N. Y
do
bonds
50
20
50
100
Y ",
100
1,000
Nassau, Brooklyn
do
25
Va
100
10
scrlpv
New York
.
.
.
.
People’s (Brooklyn)
do
do
do
bonus
d>
certificates
Central of New Turk
....
Williamsburg
‘
do
scrip
Metropolitan, Brooklyn
.'.
Municipal
1,000
Var.
50
50
Var.
100
100
\mount. Period.
5
5,000.000
1,000,000
1,000,000
700,000
4.000 000
1,000.000
I
Kings Co.(Bkn)
t£ mckerbockei
500,000
200.000
200.000
200,000
150,000
500,000
\
25
50
25
27,884 10
lab,5 <7 20
250,000
200,000
150.000
Mech’iCS’(Bkn) 50
50
200,000
Mercantile..
50
200,000
Merchants’
200,000
Montauk (Bkn) 50
200,00(F
Nassau (Bklyn) 50
<
37L
200,000
National
210,000
N. Y. Equitable 35
200,000
New York Fire 100
200,000
N. Y. & Boston 100
300,0'0
New York City 100
50
500,000
Niagara
350.000
North River.... 25
200.000
25
Pad tic
200 000
1(0
Park
150,000
Peter Cooper... 20
150,000
50
People’s
50
1 000,000
Pbenix (Hklyn;
100
’200,000
Produce Exch.
50
200,000
Relief
100
300,000
Republic
210.000
Ridgewood
! 100
25
200.000
Rutgers’
i -200.0* 0
Safeguard
gou
....
200,000
200,000
300,000
200,000
200,000
150,000
250,0 '0
300J 00
250,000
3M
Broadway Jb Seventh. Ace—stk..
1st mortgage
900,000
694,000
10 2,100,000
1,000 1,500,000
3J^
\*w York:
Water stock
4
3^
3*
1841-t>3.
do
1454-57.
Croton waterstock..lsi5-51.
,
3W
3
2
do
do
Croton
do
lo
Sk>
..1352-60.
AqnedY.tstock. 1665.
pipes and mains...
reservoir bonds
Ctnt-al Paik bonds.. 1S53-57.
do
uo
.1853-65.
I"
1870.
Dry Dock, k. B. dt Battery -stk
let mortgage, cons’d
Eiohth Avenue—stock
1st mortgage
2d St. Jk 4rand St
1st mortgage...;
100
100
1,000
100
300&C
100
1,000
100
terry—stock
1,000
Central Oro*s lawn- stock.
1st morttrace
1,000
100
...
—
Houston, West st.dtPao.F'//—stk
1st mortgage
Second Avenue—stock
1,000
100
500
100
Cons. Convert! tie
Extension
iHxt.V Avenue- stock
1st mortgage
Ihird A* e i/c-stock
1.000
00ft c.
100
1,000
100
1,000
irft
/'"*» »<•>-'t)fvn *itrre.et—8tO<•.«{
1st TTmrifi-1
‘Vino
p
^oiumu
bi.oWj
..
..
100
1.000
last uiviueu
j on
‘
J.&D.
0
.
(Jan
7
900,000 J.&D
1. & J
203,000 J. & J
1,000,000
.
2
Q-F.
.
.
748,000 M.&N.
236,000 A.&O.
600,000
200,000 M.&N.
250,000
100
85
34
90
Feb., ’79 85
Ju e,’93 101
1888
.
1,200 000
’79
,
7
6
7
6
J
,
Jaa., ”*9
Jar., ’81
Nov., ’78
Apr., ’93
•
7
,
J n. ’79
Dir. 1902
•
.
Nov.1904
........
500.000 J. & J.
1,199.500 Q.-F.
7
2
A.&O.
7
1,050,000, M.&N.
7
200,000 A.& 0.
750,000 M.&N.
415,000 I. & J.
7
5
7
Q— F.
,000,000 r. & J.
7
2,000,000
250.000
J
1
* J
,*\.
60
34,Feb., ’79 130
7 INov., ’8) 102
3
Jan., ’7 1 1 <5
3
uet., ’76 90
3
7
1,800,000 J. & J
1,200,000 J. & I)
stocks,
10
'line.’84 100
.
500,000
600,000
1
1
7
300,000 ■1. &
150 non
v'd mortgage
*
14'Jan.. ’7
1
Q-J.
:>
10 2,000,000 Q-F.
Brooklyn Oay—stock
1st mortgage
1,000
'300,000 M.&N
..
100
8roadway (Brooklyn)—stock..
200,000 Q—L
100
Brooklyn .fc Hunter's Pi—stock.
400,000 A. & O.
1st mortgage bonds
Bnshxoick Ac. (N'klyn)—slock
central Pk„ S.Jk E. River—stk.
Consolidated mortgage bon s
1
4
7
but tne data o!
J 'll V,
’94
1
pr., ’T8
Apr \S5
May,’ ’88
,
Sept. ’89
20
90
62
101
140
no
150
100
102
90
40
9
;4
88
105
100
too
110
137
130
105
115
40
97 L, 101
10
20
80
86
35
90
85
T5
75
85
75
115
105
’77
‘lav
J u'y, ’90
Fe 1., ’79,115
•my, ’90 95
Feb ,*79 95
1
•
*09 IOO
.
1-75.
do
;J ly.1900 : 83
&
eb..
dan..
_
77202:
208
130
175
!?5
120
’79.10
’79.10
’79. 5
’79. 6
’77. 5
’77. 5
’79.10
70
133
79.0 83
78.10
’an.. ’H>. 5
Feb., ’79. 5
Jan., •70. VA
lan., ’70 5
July, ’77. 5
Ja 1., •79. 6
205
105
10S
123
100
50
105
<Oct.,
.
llTO.
105
U'A
10
10
10
10
10
10
10
10
20
5
16
10
10
133
175
115
Jan., ’74. 5
Jan., ’79. 7* 270
an.. ’79. 3V* 65
Jan. ’79. VA 133
.
150
1 n..
’79. 5
85
Jan., ’79 5
123
lan., ’79. 5
an.
’79. 3*. 60
105
’79 5
100
dan., ’79. 5
75
Jan., ’7*. 5
im
V**
.
140
,
-'ept. *78 5
(an., ’79 10
lau
,
160
75
140
’79. 5
Ja... ’79
-
16
....
80
150
Jan*''* <9.
►3
’79. 5
’79. 6
’79. 5
’74.10
’79.10
133
l!2
1HO
1&5
80
140
tan., ’79. 5
Jan., ’79. 8
Jan., ’79. 5
fan., ’79.10
*an„ ’79. 5
Ja
’79.10
I
Feb..
’79. 7
.
165
105
190
60
J
’79. 6
’79. 4
an.. ’79.10
J
’79. 0
’79 10
J
’79. 6
’79 5
l
’77. 3^
108
185
115
120
A
J
J
J
F
J
87^
140
120.
87
IT.■
130
85=
1Y2
120
12ft
M5
80
70
95
105
75
123
’79.6-23
108
’79. 6
85
’78. 5
’79. 5
*135
’79 5
125
’79. 6
00
’7u. 5
ISIS
’70.10
>>., ’79
IPO
235
’79. 5
JTan.. ’79 5
J
1
sa
150'
65
114
115
,
J
84>
U5
..
F
'105
J00
Jan.,
’79.
Jan.. ’79
Ian.,
Jan.,
Jan.,
Jan..
Ja".,
12Cx
llOS-
5
75.
ITtV
120
8t»
13K
>112*«3
140*
[195
lift
-
«crip tlnclmxeoT
that the lO-iPany ®
Broker, 40 Wall Street.]
Priow.
100
100
103
Market stock
1865-68.
Iiu.m nveineni
do
stock.... 1868
(.o
....1869.
Consolidated bonds
Street imp. stock
do
do
vai.
var.
New Consolidated
Westchester County
do
do
do
do
do
do
do
do
Mav & November.
6
5
6
(5
Feb.,May Aug.& Nov.
6
5
6
7
6
7
6
7
nuun Auipi
P rk bonds
Water loan
bonds
BrOige bonds
Olty nnnnfl
..
May & November.
•At>
-
sr.
6b
7
do
do
do
Januaiy & July.
6 g-
do
do
uar}
do
do
& *uly,
do
do
ao
do
7
Bid. i\sK
dnc.
1878-1880
1878--879
!S90
1883-1n90
1884-911
1884-1900
1907-1911
1878-1898
1877-18P5
1901
1898
1894-1897
1889
100
FS
100
102
102
HW
lift
!OS
111*
H*A
1**3
104
no
107
101
LOO
1 18
107
118
105
1S79-1S90 102
111
1901
)02U
1888
1879-1882 102
111
1890
106
1894
101
11
?0fi*
lift
IGtt
174
112T
lift
V'fy
lVi
107
Jr., Broker. 2V4 Wall at.]
Ja
7
7
7
^7
7
6
6
do
do
do
do
do
do
May & November.
do
in
January a July,
do
do
18*9-1880 101
un
m
1881-1895 102
1913-1924, 119* 121
121
1903
1915
118* 121
1902-1905 110
1881-1895 104
1880-18*3 1. 3
1880-1885 102
1924
11014
.
111
B 4>
108
106
nsM
1907-19101 10QH
BriioRlyn b> nd-* flat.
[Quotations by C. Zabrisktr, 47
■terse y
do
do
do
do
do
do
00
6
do
do
Park bon^s
no
May & November.
4
’tni’i—
do
do
do
[Quotations by N. T. Beers,
ht ouKiy/t
(jay—
Watei loan,
do
*
long
8ewerage bonds
1869-71
1866-69.
bonds... 16714-71.
Improvement bonds
Assessment
v'/-»nr|p
lnaiu; ,iy ol bonus
var.
May Aag.& Nov.
Feb.,
5
Bonds
Payable
Months
Kate.
7
2
.
•n.,
Ja"., ’79.’ 5”
Jan., ’79. 7
-
l
.
Interest.
3&
Var
M.ftN.
M.&N
J. ft J
M.&N.
J. & J.
F.ft A.
J
10
20
10
10
10
10
12
12
13
10
20
10
20
10
10
20
10
12
20
30
20
10
20
18
20
14
20
17
’79.
Jan., ’79.
•Ian., 'r-,
.
.
10
22
10
30
7
10
12
10
281,637 30
20
186,069 20
20
5i,aso 10
10
206,979 20
16
114,189 20
12
174,0o5l 25
20
124.331 j 16
10
324,262 20
20
160,005 20
14
24,571
N’ne
55,061 10
N’ne
10
455,0*2 10
12
.
11
112,7)7 M2
11
10
20
30
426,132 30
12
20
103,552 20
200,474 20
20
20
108,104 20
12
18
731,322 20
20
15
8^
3% N’ne
59,449 10
10
10’
34,673 10
10
5
13
71,991
12
10
205,201 25
20
20
103,095 15X 16
16
9
10
39,020 10
175 011 11-55 12 35 6 23
17^ 12^
171,318 15
10
10
49,231 10
14
16
144,517 20
10
25
20
181,3021
12
10
231,331; 16
L0
10
175,619'10
20
20
4c0,317;20
V4
Quar.
F.& A.
J. & J.
.
...
10
30
20
40
135
95
55
70
193
3*+
1,000,000 M.&N.
1,500,000
100
116,473 10
55,005110
281,942 20
71,5'1 10
202,281 11
241,421 14
[Quotations by Daniel A. Moran.
5
825,000
300,000
466,000
1,000,000 Quar,
1,000,00 • 1. & J.
1,000
-
City Securities.
lh
H. L. Grant, Broker, 145 Broadway.]
Bleecker St.dk Fultonterry—%tk.
1st mortgage.;
,
8*v
impaired to that extent.
3
Dock bonds
i y
10
12
12
10
10
199,901 20
150,000
200,000
150,000
200,000
300,000
200,000
Manuf.ft Bund. 100
100
Manhattan
Mech.&Trad’rs' 25
10
280,000
.
[Quotations
130,3301....
815,049 10
754,424 30
127,116 20
344,301140
85,343 10
124,537 20
685,899 10
78,847 10
10
5
14
10
Vn
10
20
20
20
20
503,7»‘U,20
178.380] 20
17^ 10-72
12
18
150,018 20
N’ue
5
1U26I10
N*ne
5
10
!8
25
170,52325
1,038,423111-45 12-50 13 40
20
20
514.353]30
10
14
102,001 14
10
15
121.604 20
15
15
161.067 ilo
10
12
85.825 15
N’ne
JO
10
11
12
86,618] 12
200,000
3,000,000 1,SG3,4:*9
15,909
1=0.000
500,000 206,609
111,928
200,000
32,968
200,000
200,010 1314,003
150.000
10
15
15
10
4
10
20
20
20
20
•Over all liabilities. Including re-lnsursnce. capital and
scrip.
Flv-ure^ vi.ti a mi. us sign before them shew
3,
320,000 A. ft O.
1,850 000 F.&A.
750,000 f.&J.
4,000.000 J. & J
•>J00,000 •t ft S
1,000.000 \f. & s
150,000
200,000
1,000,000
25
50
Standard
100
Star
!00
Sterling
Stuyvfcsant... . 25
Tradesmen’s.... 25
25
United States..
10
Westchester..
Wllliamsb g C . 50
U
Var.
Var.
2,000,000
1,200,000
150.000
St. Nicholas
Railroad Stocks and Bonds.
[Gas Quotations hy George H. Prentiss, Broker, 24 Broad Street.
Gas Companies.
200,000
200,010
200,000
204,000
.
70H' 73
34
1,000,000
300,000
100
30
20
40
Long Isl.(Bkn.)
LoriTlard
>0
3
250,000
300,000
200,000
200,000
...
Lamar..
Lenox
6
4
4
4
3
300.000
210.000
.
Bid. t Ask.
1876. 1877. 1878.
1879.*
7,107 10
200,000
21 25
200,000
400,000 1494.548 15
69.251! 10
200,000
1.442 1 8
200,000
200,000
37,545 10
300,000 410.567,20
: 03,641,20
200,000
153,000
203,044120
50
Lafayette(Bku)j 100
Jan., ’79. 34
Jan., ’79 4
.
....
Jefferson
100
Jin., ’79. 2
64
Adriatic
25
/Etna
100
American
50
American Exch 100
100
Amity
Atlantic
50
25
Bowery
25
Broadway
17
Brooklyn
20
Citizens’.
70
City
Clinton
*00
30
Columbia
ommerce Fire 100
50
Commercial
Continental.... 100
40
Eagle
Empire City.... 100
30
Exchange
£0
Farragut.
17
Firemen’s
Firemen’s Fund 10
10
Firemen’s Tr
Eranklit &Kmp 100
100
German-Amer.
50
Germania
50
Globe
25
Greenwich
100
Guardian
15
Hamilton
50
Hanover
50
Hoffman
100
Home
25
Hope
50
Howard
I nporters’& T.. 50
irving
6
74
of d ite Jan. i,
tO
,
Gas and City
do
Harlem
Amount
..
3
*79. 34
’7
7
2u2
♦.
Jan,,
•Jan., ’79. 4
Jan., ’78. 3
Jan.. ■79. 4
Feb., ’79. 34
Juiy, 75. 34 70
Ja-., ’76. 5
Jan., *79. 34
Jan., ’79. 4
NOV., ’78. 2
Jan
....
.
79
Ja"., *77.
7
14
8
3
11
8
.
100^
lists
,
3
7
14
8
.
this col
.
id
'
.
u
.
,
'
.
.
Republic
Seventn
Second
54,900 J.& J.
7,000 J. ft J
45,2 0 r. & J.
165.100
8
6
1 1
514
.
Phentx
Produce*
6t.
813,700 F. ft A.
.
Manuf. & Mer.
Marine
Market
Metropolis*.
Metropolitan
....
3,200,000
..
Grocers*....
Hanover....
Imp.& Trailers’
.
•
150,000
100,000
...
Grand Central
17w,9b0 1. ft J.
1,110,3' 0 I.&J.
78,300 j tJ <fc J
291.000 /.&J.
24,200
150.800 T.& .T.
3,133,000 Bl-m’ly
139,200 J. ft J.
1,410,300 M.ftN.
2,669,900 I. ft J.
3.*i3,2(H) J. ft J.
lan., *79. 4
Nc v., ’78. 3
1C6J* 107
12
Jan., ’79. 5
16
16
Jan., ’7
8
8
Jan., ’T9. 3
i an., ’79.
8
7
95
34
112
*‘o
6
Jan’,’ ’T9. 3 10J
J n., ’T9. 25
100
100
6
J**n., ’79. 3
6^
10
10
Nov., ’T8. 5
6
8
Jan., ’79. 4
121-K
83
lan.. ’T6. 3
95
io
10
Feb.. ’79. 5
6^
34 Jan., ’79. 84
July, ’76. 3
8
Phiex.
Dividends.
Companies.
.
3,000,000 1,324,100 1. ft J.
5,000,000 1,163,900 M.&N.
250,000
Last Paid.
Period 1877. 1878.
Ask.
Bid.
Surplus,
’BPO-A"
,
Montgomery St., jersey
City.]
18><5
January & July.
1899 1902
January <fc Juiy.
1878 1S79
do
do
Jan., May, July ft Nov. 1878-1879
1S T-- 4
J. ft J. and J ft D.
11>n
ix«»rr
qti^
83
97
92
90
90
93
o *
ox
**3
350
THE
CHRONICLE.
Imiestweuts
[Pol. XXVIir.
1878.
Mail and express
Miscellaneous
Total... .*.
l'lie
Investors’
Net
Supplement is published on the last
Saturday
<of each month, and furnished
to all regular
subscribers of the
Chronicle. No single copies of the
Supplement are sold at the
•office, as only a sufficient number is
printed to supply regular
•subscribers. One number of the
Supplement,
however, is bound
op with The Financial Review
(Annual),
and
can be purchased
in that shape.
ANNUAL
earnings........ $1,523,426
net
earnings....
earnings
Rent
Rent
Rent
Rent
Dec.
$5,084
P. c.
2*2
11,717
18-4
Inc.
Inc.
$-112,457
145,143
9*0
4*4
$1,256,112
Inc.
$267,313
21*3
were as follows
on bonds and
certificates.
of track O. B.
&Q. It. R
of track T. P. & W. R. It
of Hannibal &
Naples R. R
of Wabash
Equipment Co.
or
3,329,801
Interest
:
$1,216,644
$1,523,426
22,633
10,000
32,916
40,320
cars
1,352,515
REPORTS.
Surplus
.
Paid for permanent
ment
Wabasli.
improvements, lands, sidings,
$170,911
and equip¬
239,597
(For the year ending Dec.
31,
Excess of payments
1878.)
In the annual
report for 1878, the general manager remarks :
If the average
(freight) rate of 1877 could have been obtained
in 1878, the net
earnings would have been about §2,186,000, or
about §663,000 more than the
actual net
earnings as shown
above. Under the plan of
the company has
reorganization
paid
the annual installment on the
Seney" mortgage due Jan. 1, 1878,
amounting to §206,555, and §56,000 on the contract with
the
Equipment Company". It has also been found
necessary
to
provide large additions to our terminal facilities
and
included in
..
Kansas City St.
4‘
stock, with other items
$4,585,914
3,474,945
Payments from
Net
63,789
$4,998,371
Expenses
Inc.
Dec.
Inc.
$233,102
75,507
AND
STATE. CITY AND CORPORATION
FINANCES.
1877.
$228,017
The
$68,686
Joseph & Council Bluffs Railroad.
(For the year ending December 31, 1878.)
following is from the annual report just issued.
gross earnings were
Passengers
Freight
$399,154
..
Mail
1,016,360
Miscellaneous
30,384
87,751
rolling
the
The
:
$1,533,650
construction ana Total operating expenses,
exclusive of rent and
These lieavyr
taxes, 66 23-100 per cent
outlays,
together
with
the
payments above mentioned of
$1,015,828
Rents, including Kansas City
mortgage debt, added to the Taxes
Bridge
amount paid last
29,763
(estimated)
'.
yrear for similar purposes, with
40,000
§151,605
expense of organization, have involved the
Total operating
employment of a
expenses, 70 78-100 per cent
large sum in addition to the net
1,085,591
of
the
road.
earnings
While
these advances have reduced
the mortgage debt and
Leaving as net earnings.
added The
$ 118,059
largely to the earning capacity- of the road,
gross earnings show an increase over
those of the pre¬
they have rendered
it necessary to
ceding year of
provide for payments which were not
$109,853
to be met from the net
expected The operating expenses, an increase of
earnings. It will also be necessary
106,401
during the current year to make further additions to
The ^operating
expenses, the report say"s, were
our side¬
tracks, purchase other grounds, erect some new
unusually
large, and unless more steel rails are required for 1879
than ill
also to provide a
and 1878,
large number of cars in addition buildings,
may" reasonably" be reduced in amount for this
to those built,
year
§50,000 to §75,000.
during the past year. To meet these requirements and
for the balance of the
provide
The operating expenses include cost
Seney- mortgage, it is recommended that
of 2,674 tons steel rails,
a
mortgage of §2,000,000, covering the entire
road and equip¬ extraordinary expenditures on account of floods, encroachments
ment, should be executed.” * * *
of Missouri
“
River,^as well as rents, taxes, insurance, betterments,
The Hannibal &
etc.
The large increase over 1877 is
Naples road, heretofore operated
explained as follows.. The
by" this increase in cost of train and
•company, under a lease, at §35,000 per
locomotive service, repairs of loco¬
annum, it is now proposed
to consolidate with the
Wabasli, by" issuing mortgage bonds motives,, fuel, and oil and waste, was §27,873, or 12/£
per cent.
upon the leased road.
The increase of
These bonds,
tonnage was 35 6-10 per cent, and to this
amounting to
7 per cent interest,
impose no new burden upon the§500,000, at increase is wholly due the increase in the above
hut simply
accounts, as
change the form of the contract, and thecompany, also the increase in station service, §10,675.
Wabash
Company thus succeeds to the ownership of the road
by paying GROSS EARNINGS, OPERATING EXPENSES AND NET EARNINGS, YEARS 1874
interest on §10,000 per mile. As
an important
TO 1878 INCLUSIVE.
part of our trunk
line to the
Mississippi River, the wisdom of this acquisition
1874.
1875.
1876.
can
1877.
1878.
iK-arcely be questioned.”
Pass’gercam’s $528,324
$528,841 $124,869 $128,997 $399,154
The mileage worked
“
Freight
817,086
746,665
717,457
by" this company is as follows :
893,035 1,016,360
Miscel’s
“
90,662
87,198
improvement
account.
-
Toledo, 0.,to Camp Point, Ill
Clayton. Ill., to Elvaston
Hlutfis. Ill., to Naples
Decatur, Ill., to East St. Louis
Miles.
452-10
35-10
3>60
100-40
Total owned
('amp Point to Quincy, used jointly with C. B. As
Q..
Elvaston to Hamilton, used
jointly with T. P. <k
Naples to Hannibal Bridge and l’ittslield BranchW
600*20
21*77
6*48
77-85
Total worked.
Net
moil onrl
uvnrucc
locomotives,
9 "71 9
Krw-
•
dump
$494,908
67 passenger and
090
i
nn
^
c-ars.
No balance sheet is
given in the report, which is a serious
omission,and one calculated to influence
unfavorably the
of those who are desirous
of getting at the “ bottom opinions
facts” in
respect to this much litigated
company. The following state¬
ment is made of
amount, (old).
Toledo & Illinois first
mortgage
$900,000
Lake Erie Wabash & St.
Louis, first 2,500,000
Creat Western, first
2,500,000
Illinois & Southern Iowa, first
300,000
Quincy & Toledo, first
500,000
Decatur & East St.
Louis, first
2,700.000
Croat Western, second
2,500,000
Toledo ife Wabash, second
1,000.000
Wabash & Western, second
l,500,00o
Toledo Wabash «fc
Western, consol’d 2,610,000
Total
This does not include the
§2,000,000 proposed
now
in
dispute.
new
Amount
funded.
so-called
mortgage,
2,474,000
2,480,000
295,000
490,000
2,638,000
2,446,000
836,250
1,285,900
2,554,000
5,000
10.000
62,000
54,000
163,750
214,100
56,000
nor
equipment bonds
:
1877.
858,879
43,194,183
1,952,003
501,834,839
1878.
$3,514,999
1,179,816
$144,606
$148,059
rents and taxes.
now
in the track is 107 miles.
The
11,840
were
more
passengers carried in 1878 than during
but the earnings were §29,843 less,—a
decrease wholly owing to a reduction of
rates, made May 7, to
conform to the' requirements of the
general law of Missouri.
Total number of
passengers carried during the year, 229,622 ;
passengers one mile, 12,903,214;
average distance carried,
54 1,933-10,000 miles.
Earnings
per passenger per mile,
3 094-1,000 cents.
previous
y^ear,
FREIGHT BUSINESS.
During 1878, there was carried of
freight 674,194 tons.
The average distance hauled was paying
78 11-100 miles,
52,661,523 tons one mile, which is an increase of 36 making
6-10 per
cent over 1877.
The increase of
freight
earnings
was
§123,324,
or 12 per cent more than
the earnings of last
year. With a
single exception, the earnings per ton per mile since
1870 show
a decrease each
year. They were in 1871 4 24-100 cents; in 1877
they were 2 32-100 cents; and in 1878 they were 1 93-100 cents.
The St. Louis Kansas
City & Northern Railway Company
will, in the course of this year, extend its
Council Bluffs,
Pattonsburg branch
crossing the Hopkins branch
at
to
Maryville. The
Seney mortgage, the completion of this road will somewhat decrease our earnings,
the
though the business between St.
893,543
39,977,180
1,430,866
Average rate per passenger per mile
2-730c.
Average rate per ton per mile
0 693c.
The earnings and
expenses in 1878 and 1877 were
26,000
14,000
1878.
Passengers carried
Passenger mileage..
Tons freight carried
Tonnage mileage
Fassengers....
$5,000
$17,010,000 $16,400,150 $609,850
The traffic for the
year was as follows
Freight
Balance.
$895,000
$333,211
1,085,591
PASSENGER BUSINESS.
There
bonded debt:
Total
$351,869
979,190
charged operating expenses for rail renewals in 1878
after deducting value of old rails,
§73,875; for the same
in 1877, §59,613.
was,
the
30
cam’s.
Operating expenses include
The amount of steel rail
678*05
mvo
118,136
*
item
The equipment consists of 197
I ho
101,763
$1,436,073 $1,362,706 $1,241,329 $1,423,797
$1,533,650
*Oper’g exp’s
941,164 1,010,830
908,117
amount
(leased).. .49*60
nrrro (ra
99,002
Tot.cam’s.
1877.
$3,162,524
1,126,497
Inc.
Inc.
Iuc.
380,668,034
2-820c.
0*825c.
as
or
follows
Dec.
Louis and Omaha is much
smaller than is
generally supposed, and in
question, it should be borne in mind that the considering this
general business
of this section is
increasing rapidly, and our road will participate
in it.
The following statement of assets and
liabilities is sub¬
mitted
:
STATEMENT
OF
FLOATING
INDEBTEDNESS AND AVAILABLE
ASSETS, JAN.
1, 1879
Floating Indebtedness.
:
$352,475
P. c.
11*1
53,349
47
Miscellaneous open accounts
Unpaid coupons payable..
,
-
Note for real estate at St.
Joseph, due
Note for new freight cars
Note for borrowed money-
-
July 31,1879.
$45,000
$265,450
1,132
71,715
105,000—221,71»
April o,
351
THE CHRONICLE.
1879.]
Accrued interest on mortgage
bonds due and payable Jan. 1,
1879....
EARNINGS AND
EXPENDITURES FOR THE YEAR ENDING
Earnings.
$174,842
“
Materials
on
$135,405
24,560
6,115
2,340
67,052
hand for future use
$470,997
$170,393
Operating and Rencical Expenses.
operating and renewal expeuses
$390,684
$189,535
:
Express
Total earnings
$446,609
216,531
Balance, being net liabilities
Total
$663,140
of the board as to, |
by reason of
the unexpected expenditures for construction and equipment
and increased operating expenses, as hereinbefore set forth.
Tlie prediction ventured in the last report
reduction of floating debt has not been fulfilled,
Expenses other than
Improvements
St.
Freight
Mail
Express
:
Miscellaneous
OPERATING AND
Freight earnings
Total
$18,892
14,925
17,967
4,931
Improvements—Additions to property
certificates
—
earnings
%
.;
earnings
Payments from net earnings:
2,500
Interest
Dividends on common stock
Other payments from income
Last dividend paid (3 per cent)
Stock
com.
$1,965
T
The following is a detailed statement of renewal expenses for
the year ending December 31, 1878:
Profit and loss
150,000 00
21,573 98
39,550 86
$1,711,124 84
Total
Rebuilding Troy depot
Rebuilding Mannville depot
206—$74,601
Fastenings
58,144 cross-ties
Rebuilding bridges
New culverts and cattle guards
Rock ballast for track...!
Maintenance of way
36
765— 37,666
16
12
34
02
64
$108,400 00
18
36,293 10
175,363 13
$320,056 31
$462,906 64
$126,102 53
including taxes
Total expenses
Net earnings
Payments from net earnings:
Interest and sinking funds
GENERAL
Stock com. paid in. .
Funded debt
Bills pay able, curr’nt
accounts and other
liabilities
$1,790,234 94
2,540,125 00
BALANCE.
Cost of railroad
Cost of rolling stock
Real
estate
afd
buildings
$3,273,491 70
387,661 38
625,857 59
88,414 83
International & Great Northern (Texas).
(For the year ending Dec. 31, 1878.)
$318,927 89
1,216,146 02
70,118 16
31,393 31
$1,636,585 38
Passenger earnings
Freight earnings
earnings
other sources
Mail and express
Earnings from
Total earnings
EXPENSES.
.
ASSETS.
34,518
8,163—$51,688
Total expenses
LIABILITIES.
Receiver’s (December, 1878)
Receiver’s accounts payable
$20,092
pay-rolls
a
Circuit Court.
$2,984
condensed balance sheet for the year end¬
Receiver’s accounts payable
GENERAL BALANCE.
Cost of railroad
Cost of rolling st’k.
Other liabilities....
165,268 79
7,348,000 00
2,166,000 00
2,793,000 00
Stocks and bonds
owned
Other assets.
Profit and loss
mortgage bonds
44
44
Convertible bonds.
Coupons past due
1st
2d
$42,099
641,391
45,000
54,000
48,704
funded
Coupons past due
not funded.
$831,194
$571,982 89
orders of the U. 8.
$5,500,000 00
com.
Bills
DR.
earnings except under
paid in.
Stock
ing Dec 31st, 1878:
For receiver’s assets on hand December 31,1877
Gross earnings of railway
Proceeds of receiver’s certiflcates, Eastern Division
Proceeds of receiver’s certificates, Western Division
.
earnings
No payments from net
Balance Receiver’s assets...:
following is
129,657 63
$1,064,602 49
Net
26,583
2,027— 48,704
lines
346,653 40
302,524 57
Rolling stock
Transportation
Taxes and miscellaneous
5,631
Other accounts receivable
Material and supplies on hand
Cash on hand
$285,766 89
Maintenance of way
$3,375
Freight uncollected and in transit
The
$78,850
336,120
17,619
30,317
$462,906
Rolling stock
Transportation
$112,268
Of the receiver’s certificates outstanding December 31, 1877,
there have been paid and canceled five certificates of $1,000
each, and fourteen of $1,000 each have b.een duly renewed for
the term of one year from their respective dates.
There have been issued during the year ending December 31,
1878, certificates Nos. 20 to 64, inclusive, on the Eastern Division,
amounting to $45,000, and certificates Nos. 1 to 54, inclusive, on
the Western Division, amounting to $54,000; thus making, with
the fourteen certificates renewed, the entire amount outstand¬
ing on the 31st, day of December, 1878, 113 certificates of $1,000
each, amounting in the aggregate to the sum of $113,000.
The following is a statement of the Receiver’s floating liabili¬
ties and assets, as they existed at the close of business on the
31st day of December, 1878, exclusive of the outstanding certifi¬
Due connecting
.Y.)
EXPENSES.
Total
cates:
7,277 86
8,961 93
17,215 53
September 30, 1878.)
Total earnings
$664
588
35,309
301
rails
$1,677,669 52
$1,711,124 84
Southern Central (N.
(For the year ending
Passenger earnings
Freight earnings
Mail and express earnings
Earnings from other sources
WESTERN DIVISION.
30 2000-2240 tons iron
Cost of rail’d, rolling
st’k, real est’e, <fec.
Materials and fuel on
baud
Current accounts...
Cash on hand
Total
$12,974
527
38,733
12,015
2,376
6,525
1,242
Fastenings
64,000 cross-ties
Rebuilding bridges
New culverts and cattle guards
Rock ballast for track
32,324 <>o
*.
December 31,1878.
EASTERN DIVISION.
iron rails
$15,000 OO
43.000 OO
.
paid in.. $1,500,000 00
Funded debt outst’g
Current accounts...
Balance
458 1374-2240 tons
j
GENERAL BALANCE.
$641,391
639,426
Total earnings
Total expenditures
earnings
Net
RECAPITULATION.
*
59
50
10
63
82
$270,211 19
$96,277 63
Total expenses
$59,216
Total
$71,224
283,466
8,073
3,724
$366,488
Earnings from other sources
OPERATING AND RENEWAL.
Railroad Co.
$28,962
Passenger earnings
$580,209
Current taxes in Kansas .:
Current taxes in Nebraska
Interest on receiver’s
St. Joseph & Western
1,250
1,250
$30,253
Rock Island & Peoria.
Mail and express
RENEWAL EXPENSES.
operating and renewal expenses were
EXPENDITURES OTHER THAN
411
4,455
14,925
*
$641,391
The total
2,631
411
14,436
(For the year ending Dec. 31, 1878.)
Peoria & Rock Island Railway was sold under foreclosure
$519,563 ofThe
its first mortgage, by order of the U. S. Circuit Court, at
96,506
12,231 Chicago, April 4, 1877, and was purchased for the bondholders
9,145 by R. R. Cable, for $550,000.
3,944
*
..?
$5,620
2,30o
$11,523
Joseph'& Western R. R. Co
Joseph & Denver City.
(For the year ending December 31, 1878.)
The gross earnings of the St. Joseph & Denver City Railroad,
for the year ending December 31, 1878, were as follows:
Passenger
Operating and Renewal.
Interest on receiver’s certificates
New tools and machinery
Current taxes in Kansas
Current taxes in Nebraska
St.
1,972
1,972
:
Miscellaneous
132,778
Boston
44
41
71,946
6,115
6,805
Mail.
17,679
19,182
Division.
$384,158
Freight
Passengers
$209,917
agents, and open accounts
United States Government
Casb and bills receivable in Missouri
Duo from
Due from
Western
Eastern
Division.
$603,140
Available Assets.
DEC. 81, 1878.
417,376 97
2,458,850 00
$16,963,628 55
1,479,394 3 2
1,274,745 83
133,207 20
1,781,830 06
$21,632,805 76
Total
784,310 00
$21,632,805 76
Leavenworth Lawrence & Galveston RR.
By receiver’s floating liabilities December 31, 1877, paid dur¬
The following statistics of traffic, earnings and expenses are
ing tbe year 1878
$67,419
Paid receiver’s certiflcates, Eastern Division
5,000 furnished for the past three y ears:
1878.
1877.
Total
OR.
76.
580,209
33,817
Expenditures other than operating, renewal and eur’t taxes..
25,398
Nebraska taxes for 1874,1875 ana 1876
59,557
Judgment for taxes of 1874 in Kansas
* 7,687
Judgment Nebraska Land Tax
415
Paid operating and renewal expenses
Paid current taxes, Kansas & Nebraska
Materials and supplies on
Accounts receivable
Cash on hand
Passenger miles
Tonnage miles
Passenger earnings
Freig
.
Express
9,007
8,163
$831,194
12,907 41
Mail
34,518
hand
“
Miscellaneous 44
*
2,249,891
11,502,155
$112,819
14
311,436 56
Total earnings..
18,000 00
29,361 94
$484,525 05
2,464,636
7,524,055
$113,716 08
2,758,525
8,688,406
$123,761 38
28,101 67
260,923 23
12,588 92
18,000 00
24,330 73
$410,336 83
$439,604 20
238,155 74
12,363 34
18,000 00
352
THE CHRONICLE.
Opcvttl.m.ir expenses
N'et
varniu^s
PereentajLce of
ex pi*uses
timings
187(i.
1877.
$205,150 40
219,374 05
$205,970 90
54 7-10
04 8-10
1 44,305 93
to
GENERAL INVESTMENT
1878.
$281,339 09
158,205 17
04
-
NEW’S.
[Vol. XXVIII.
& Sea Shore Railroad and 1,019
shares of the
capital stock of'.the
by. the New Jersey Southern Railroad, and Also the
property and franchises of the Pemberton & Newr York
Railroad,
including the following railroads: the railroad from Port
Mon¬
mouth to Atsion, tli > railroad from
Eatontown to Long Branch,
the railroad from Toms
same
owned
River to Manchester, the railroad from
Atco to Atsion on the Camden & Atlantic
Boston Bank Dividends.—Mr.
Joseph G. Martin, of Boston, road from
Railroad, and the rail¬
in his list of dividends
Long. Branch to Sandy Hook, together with the East
in
April,
payable
there
remarks
upon
End Hotel and thirteen a -res of
the banks and their dividends a< follows : The
ground, the boats and barges,
National Bank of
Commerce cut down its capital, Feb. 24, from
rolling
and piers at Sandy* Hook. The lease of Pier No. 8
$2,000,000 to $1,- Hudsonstock
River wai also included in the sale.
300,000, each stockholder surrendering to the bank one-fourtli
Before the sale Mr. Gummere said the
his stock. The Merchandise reduces its
capital from $750,000
following mortgages
to $500,000,
redeeming one share in three at $100. The Globe were on the property: $120,000 on the Toms River Railroad,
which with interest would amount
passes at this time, but earned 2% per cent
to-day to $136,000 ; $375,000
net, and will proba¬ on the
Pemberton & New York Railroad ;
bly resume dividends in October next. The Shoe and Leather
$200,000 on the Long
Branch & Sea Shore Railroad, and
passes for the first time in its history of
$15,000 on the East End
forty-three
years.
Hotel and
The Blue Hill reduced its
property. It was also announced that there were
capital March io from $300,000 to
$200,000, by redeeming one share in three at $100. The divi¬ $150,000 worth of unpaid coupons on the Pemberton & New
York Railroad. The terms of the sale were
dend will not be decided until
10 per cent of the
Monday. The Commerce decides amount
in cash, the remainder to be
Saturday.
paid, with interest from
The changes in bank dividends are
day of sale, on the 1st day of July, 1879, when the deed would
less numerous be
from the fact that previous reductionsgrowing
delivered. The property wa* then
have been very
put up for sale in one
large, parcel. Mr. Gummere,
and this is shown
in the interest of Benjamin Williamson,
clearly in the paragraph below, comparing
the mortgagee, started the sale,
now with even four
years ago. A few which passed in October
bidding $500,000. Henry Day
then bid $525,000,
now make
dividends, and others which then paid now
advancing bids being made by each gentle¬
As man until it reached
pass.
compared with October, the Boston (old) decreases from 3 to 2
$752,000, at which figure it wras knocked
dowm to Mr. Day. When the auctioneer asked
per cent, Freeman 3 to 2, Hamilton 3 to 2, Hide and
the name of the
Leather 2Yz
to 2, National Market of
Brighton 5 to 4%, Newr England 3^ to purchaser, William Walter Phelps said that it. was bought by
3, Rockland 4 to 3. The Blackstone increases from 0 to
Henry Day, William Walter Phelps, Samuel W. Bates, John W.
2
<eent, Continental 0 to 2, Market 0 to 2, and Third National 0per Sterling, trustees, acting under a certain agreement dated
to
Sep¬
3.
tember 30,
The following pass: Central,
Commonwealth,
First Ward, the New 1875, between certain first mortgage bondholders’of
Globe, Manufacturers’, Merchandise, Mount
Vernon, Revere, wharf at Jersey Southern Railroad and Jay Gould. The old
25hoe and Leather, and Traders’.
Sandy Hook was then sold and was purchased by A.
P. Berthond & Co. for $600. The New' York
Of the sixty-one banks within the limits of
& Pemberton
Boston, one pays
*> per cent (3
Railroad, from Whitney’s to Pemberton Junction,
per cent quarterly), one 4% percent, six 4
formerly
per cent,
one 3/2 per
leased, was next sold by Receiver Buckelew' and purchased
cent, thirteen 3 per cent, four 2% per cent,
by
tw'enty- Ed. T. Green, trustee, in
two 2 per cent, ten
the interest of the Pennsylvania Rail¬
pass, two undecided, and the Pacific divides
“
January and July.
Four years ago there were
fifty-eight banks, of which two
then paid 7 per cent
(semi-annual), six 6 per cent, eleven 5,
Jhre.e 4/£, twenty-two 4, four
3/£, nine 3 per cent and one
passed. All above 4 per cent except a
peared, and only nine divide
over
single 4/£, have disap¬
three per cent.
"Boston & New York Air
Line.-By the contract between
this company and the New York
New Haven &
Hartford, the
latter will have control of the business of
road Company.”
—On tin* 29th ulfc.,
Judge Donohue, in New York
Court, Chambers, granted an injunction against theSupreme
defend¬
ants, restraining the consummating of the contract made with
the first mortgage bondholders or the New'
Jersey Southern
Railrcad Company and Frederick W. Donner for
a consolidation
of the Long Branch Road with the New'
Jersey Southern Road.
It is claimed by the plaintiff that the bonds
of the New Jer¬
sey Southern Road held by the defendants are
to the
fulfillment of an agreement made in 1875 betweenpledged
that company
and the Long Branch and Sea Shore
Road, which was placed
then under the management of the Southern.
The agreement
by which the Central of New Jersey was to acquire possession
of the
uthem
both roads, and will
the the Air Line Company yearly 6 per cent of the
gross
earning of both roads as its proportion. The agreement
is
dated Feb. 1, 1879, and is to run
ninety-nine years. The Air
Line Company is to
pay its own interest,* taxes and
running ex¬
Railroad was made in the Fall of 1878 between
penses.
the bondholders of the New' York &
Indianapolis Bloomington &
Long Branch Road and the
Drummond Southern Railroad Company. The Central
has ordered a deed executed to Western.—Judge
owns three-fourths
the recent purchasers of the
of the stock of the
.road. The deed is granted with
Long
Road.
Branch
the understanding that the
property reverts into the hands of the courts should the com¬
New Orleans City Bonds.—An important decision lias
just
pany fail to pay certain indebtedness ordered
been
rendered in the United States Supreme
paid by the United
Court,
in the case of
States District Courts. Cases
involving all the important points Morris Ranger against the City of Newr Orleans. The
in dispute have been
appealed to the United States Supreme arose out of an application for a writ of mandamus tolitigation
Court. The. deeds will be executed
compel
by the Courts of Indiana the authorities of that city to levy a tax to pay certain judg¬
sind Illinois.
ments rendered
against it upon bonds issued to the New Orleans
Jersey City Finances.—The
Jackson & Great
Railroad Company. The
temporary financial embarrass¬ as a defense that Northern
city set up
there was no legislative
ment of Jersey City in the failure to pay her employes on the
authority for the levy
first of April lias
of such a tax. The petitioner demurred to
this answer, but the
apparently been exaggerated to the preju¬
dice of bondholders.
Circuit Court overruled the demurrer, and denied the
The recent default on
writ. This
Elizabeth City court holds
bonds, on the first of March, and
that, although the power of taxation is a
on the first of April, has
again
legislative
caused unreasonable alarm
among holders of Jersey City secur¬ prerogative, it may be delegated to a municipal corporation, and
ities. But there is no
analogy between the conditions of these that, when such a corporation is created, the power of taxation is
two cities in their
respective capacities for bearing taxation. vested in it as an essential attribute for all the purposes of its
existence, unless its exercise is in express terms prohibited. When,
Jersey City is an important commercial city, with an
immensely
^valuable Viver front, while Elizabeth is
therefore,
authority to borrow' money or incur an obligation to
but one of the bed¬
rooms of New York, and has no
carry out any public object is conferred upon a municipal
corpor¬
capacity for ation, the pow'er to
bearing a heavy rate of taxation. Incorresponding
the Chronicle of Feb.
levy a tax for its payment or the discharge of
15,
a statement *was
the obligation accompanies it, and this, too, without
given of Jersey City finances.
As to the
any special
mention that eucli
present difficulty, it is stated that an
application was made to in the absence of power is granted. It is always to be assumed,
the. Equitable Life Assurance
clear restrictive provisions, that when the
Society of this
for a loan of
$200,000, out of which a loan of $125,000 just city
Legislature
granted
to a city the power to create a debt it intends
due to the same that the
company was to be paid, and the balance used for current
city
shall
pay
it, and that its payment shall not be left
ex¬
to its r-aprice or pleasure.
penses.
Wherever a power to contract a debt
The salaries of
city employes due April 1 wei% not pah1, is coni erred it must be held that a corresponding power of pro¬
amounting to $30,000. The money out of which
viding for its payment is also conferred. The latter is implied
they were to in the grant of the former,
liave been paid was absorbed in the
and such implication cannot be over¬
payment of the April come
interest Of the total tax
except by express w'ords of limitation. The judgment of
of $1,400,000, about $800,000
levy
have been paid into the
the lower court is reversed, and the cause
City Collector’s office, and all used up. tions
remanded, with direc¬
The city owes the Hudson
to issue the writ in
compliance with the petition.
County
Bank
$95,000,
and
the
Second
National Bank of Jersey
City $95,000. The
New York Elevated.—The first
mortgage bonds of the old
county tax, and is required to pay it over to thecity collects the West-side
Elevated Railroad Company were
county
as
soon
as received.
She lias $900,000 of these tax bills
bought in a fore¬
on her
closure sale by J. A.
hands,
has collected
Cowing,
on behalf of the new company
$210,000, and for that amount is in arrears to the then formed, for $750,000. At the
request of some of the bond¬
county.
holders, Cowing sold these bonds to the New York Elevated
The public debt of the
city at the highest is $16,000,000. The Railroad Company for $100,000. On an action
assessed valuation of her
brought by
property is $60,000,000; and of this, Frederick P. James, one of the
the interest on
objecting bondholders, Judge
$6,000,000 of water debt is balanced by corre¬
Larremore decided that Cowing went
beyond his trust and was
sponding receipts from water rates, although the income from liable for James’
$22,500, but that the New York Company
this source is not
specifically pledged to the water bonds. The was not. The General Term, in a decision rendered
tax iate Is 2*36
yesterday,
per cent.
affirmed the first part of this decision, but held that
the New
New Jersey Southern.—At
Long Branch, March 31, William York Elevated Railroad Company was also liable.—W. Y.
S. Gummere, Master in
Chancery, sold the New Jersey Southern
Railroad and branch roads, under
foreclosure proceedings insti¬
tuted by Benjamin Williamson.
Nejv York 1 ake Er'e & Western.—The Evening Post gives
The AT. T. Tritmne
report says : 1 the following in regard to this road :
“‘The property soldw’as the
franchises, etc., of file Long Branch
Earnings for the second week in Marclr—
pay
I Tribune.
■
jApbil
THE
5, 1879 ]
1879:
$388,419
:
1878
306,324
Increase
Increase first week in March.
$82,125
54,540
214781881
$130,071
Increase first two weeks in March
The total earnings of the
March 15, 1879, were
road from October 1, 1878, to
$7,182,000
,
Estimated earnings, sixteen
830,000
days in March
$7,912,000
Total
5,107,000
Operating expenses.
Balance
on leased roads
I,oss
over
$2,785,000
income from rents and securities
200,000
(estimated)
earnings for six months
$2,585,000
.
The following is a statement of the bonded indebtedness of
the New York Lake Erie & Western Railroad under the reor¬
Net
ganization scheme
Old bonds
:
$13,338,100
17,156,000
.
.
First consolidated 7s
$30,494,100
Total
First consolidated coupons 7s
.Second consolidated 6s, from December, 1879
Second consolidated 5s, to January, 1883
3,615,000
24,180,000
\
5
Second consolidated. 6s, afterwards
Total
The interest charges of the
lows until the year 1884, when
attained:
,
a
o,ouu,uuu
$66,889,100
.
reorganized company are as fol¬
the maximum for future years is
•
$2,050,084
$4,229,678
3,987,878
4,258,080
4,314,884
4,229,678
New York & New England.—It is stated that on October 1
there were $400,000 of the new bonds outstanding.
In October
$3,000,000 were placed through a syndicate at 80, and the com¬
pany has sold $988,000 at prices varying from 94 to 108.
The
proceeds of these bonds were used as as follows :
$6.31,702
Underlying liens on old road
Note due the State
Notes of same class due other parties
Notes due Oct. 1,1878, mainly for steel rails
Hartford Providence & Fishkill purchase
Total
250,000
500,000
156.977
2,223,938
.$3,762,618
,
St. Louis & Southeastern —The Louisville Courier-Journal
gives details of an important move in railroad combinations,
being the transfer of the securities of the St. Louis & South¬
eastern Railroad Company to the Louisville & Nashville Railroad
Company. It states that "the St. Louis & Southeastern Railroad
will consequently pass under control of the Louisville & Nash¬
ville Railroad Company.
Sutro Tunel.— The Tribune gives the following in a San
Francisco despatch of March 31.
“ The new compromise agree¬
ment is in effect as follows:
The preamble recites the original
agreement of March, 1866, between the Gould & Curry aud
Sutro Tunnel Companies, and declares all the mines interested
in adjusting the differences. It is agreed that the terms of the
original agreement have been complied with by each party;
that the main tunnel lias been constructed according to the
terms of the original settlement. It is also arranged that a sub¬
drain shall be constructed within ninety days, and that no water
shall be sent through the tunnel until the end of that time,
unless the sub-drain is sooner ready. It is further stipulated
that lateral tunnels eight feet wide and seven feet high shall
be constructed. The mining companies agree to advance $70
per foot of the lateral tunnels, payments to
of each month on the work done during the
be made
on
the 5th
preceding calendar
construct a lateral
month, and each of the companies may
tunnel along its own claim, being
therefor at the same
rate.
The companies are to be repaid these advances by deduc¬
tion of one-half of the monthly royalty on ore reduced or sold.
The royalty is reduced from $2 to $1 per ton on ore yielding not
credited
over
$40
per
ton of 2,000 lbs.
Mines lying between the Califor¬
nia and Chollar are to be considered drained whenever the
tunnel is ready to receive water from the mines now' connected
with it; the mines north of the California and south of the
Chollar are to be considered drained when the lateral
tunnels reach their respective centres. Mining companies are
to make sworn returns of the ore product each month, with the
yield of bullion, and pay charges thereon by the 10th of each
succeeding month. The construction of an outside parallel
drain is provided for whenever it is found necessary.
Mr. Sutro calculates that the tunnel will be ready for use
within sixty days.”
Tennessee State Finances.—The following is the text of the
funding law which has passed the Tennessee Legislature:
“
AN ACT TO SETTLE THE BONDED DEBT OF THE STATE.
Section 1. Be it enacted by the General Assembly of the State of Ten¬
nessee, that the following described bonds, purporting to be the bonds of
the State of Tennessee, with the accumulated interest thereon, be settled
and funded in the coupon bonds of the State at the rate of lift}' cents oil
the dollar upon their face value, bearing interest at the rate of 4 per
tent per annum until paid, said bonds to be in denominations as follows:.
One-third at from five dollars to one hundred dollars, one-third ut from
hundred dollars to five hundred dollars, one-third at one thousand
dollars, falling due at the end of thirty years, but redeemable and
one
renewable at the pleasure of the State; the interest on said bonds being
due and payable on the first day of January of each and every year,
at the Capitol of the State at Nashville, in the Treasurer’s office.
bonds herein referred to being known
and designated as follows:
-
Union Bank bonds
Hiawassee Railroad
-•
.
Georgia Railroad Co
Memphis and La.Grange Railroad Co
68,000
.
Ante-war railroad bonds
Post-war railroad bonds
Funded under Act 1866
Funded under Act 1868
Funded under Act 1873
8,583,000
2,638,000
2,246,0(H)
569,000
4,867,000
See. 2. Be it further enacted, That the proposition to settle the State’s
indebtedness, contained in this or any other bill that shall pass, shall not
be submitted to the voters of the State, nor the Legislature convened,
until the Governor shall communicate with the bondholders or their
chairman, notifying them of the action of the Legislature, and when he
shall have obtained the acceptance of said proposition from an equal
muubcr in amount as now proposed to take sixty cents in the dollar and
six per cent interest.
Sec. 3. Be it further enacted, That the voters of said election, being
qualified voters of the State, shall vote directly upon the provisions of
the first section of this act, those voting for the acceptance of the same
having written or printed on their ticket the word “Accepted,” and those
opposed to the provisions of said section, having written or printed on
their ticket the word “ Rejected.” And it shall be the duty of the Sheriffs
of the various counties of this State to compare the votes east in said
election, and make return thereof to the Governor and Secretary of State,
who shall compare said vote, and the Governor shall decide the result
when ascertained. The Governor shall make proclamation as to the
result of said election when so ascertained.
Sec. 4. Be it further enacted, That if there shall be a majority of votes
cast as to said election in favor of the acceptance of the protfsions of
said section, the Governor shall issue his proclamation convening a
special session of the General Assembly for the purpose of enacting into
a law and providing for the enactment of the provisions of the first'
section of this act, limiting the time within which said funding shall be
completed, and making such provisions with reference to the bonds not
funded within that time as such General Assembly shall enact.
Sec. 5. Be it further enacted, That inasmuch as the railroad companies
of this State propose to surrender and give up their charter exemption
from taxation, and pay an annual tax of $100,000, by their written com¬
munication to the Governor, therefore the railroad companies of this
State shall together, under and in pursuance of the provisions of this act,
and in order to carry out the same, annually pay into the State Treasury,
beginning with the year 1879, the sum of $100,000, the same to bo due
and payable as other taxes are, the said sum to be pro rated between
said companies according to their present or any future assessed valua¬
tion ; but if at any time the assessed valuation of their property exceeds
an amount which at any time, under the then regular State tax levy, will
yield a larger amount of revenue than $100,000, then said railroad com¬
panies shall be taxed as all other property may be, said sum of $100,000
and such sum in excess thereof paid by said railroad companies to bo
appropriated to the public debt.
Passed March 28, 1879.
J. R. Neal, Speaker of the Senate.
H. P. Fowlkes, Speaker of the House
Approved March 31,1879.
of Representatives.
Albert S. Marks, Governor.
Virginia Finances.—The following sections give the text of
important parts of the bill for funding the State debt:
the
Be it enacted by the General Assembly of Virginia, That to provide for
funding the debt of the State, the Governor is hereby authorized to create
bonds of the State, registered and coupon, dated the first day of January,
eighteen hundred and seventy-nine, the principal payable forty years
thereafter, bearing interest at the rate of three per centum per annum
for ten years, and at the rate of four per centum per annum for twenty
years, and at. the rate of five per centum per annum for ten years, pay¬
able in the cities of Richmond, New York or London, as hereinafter pro¬
vided, on the first days of July and January of each year, until the prin¬
cipal is redeemed. The State shall have the option of redeeming any or
all of said bonds by the payment of principal and accrued interest at any
time after the
expiration of ten years from the first day of January,
eighteen hundred and seventy-nine, on public, notice to the holders of its
purpose to make such redemption. The coupons on said bonds shall bo
receivable at and after maturity for all taxes, debts, dues and demands
due the State, and this shall be expressed on their face. The holder of
to receive from the treasurer of the
thereon, due and unpaid, and such
certificate shall be receivable for nil taxes, debts, dues and demands duo
the State, and this slmll be expressed on t.lie face of the registered bonds
and on the face of such certificate. All obligations created under this
act shall be forever exempt from all taxation, direct or indirect, by the
State, or by any county or corporation therein, and this shall be ex¬
pressed on the fiice of the bonds. The said bonds shall be of the denomi¬
nations of one hundred dollars, five hundred dollars aud one thousand
dollars, at the option of the creditors respectively, and the bonds, as well
as their coupons, shall be payable at Richmond and New York, or if de¬
sired, may be made payable in sterling at London, at the fixed rate of
The bonds hereby
exchange of one pound sterling for five dollars.
authorized shall be issued only in exchange for the outstandihg debt of
any registered bond shall be entitled
State a certificate for any interest
the State, as hereinafter provided.
2. For purposes of designation, the outstanding indebtedness of
State is divided into two classes as follows, to wit:
Class I., which shall be taken to include all tax-receivable coupon bonds
and all registered bonds and fractional certificates which are
under the act approved March thirtieth, eighteen hundred and seventy-
the
convertible
one,
into sueli tax-receivable coupon
bonds.
bonds funded under the
thirtieth, eighteen hundred and seventy-one, as
approved March seventh, eighteen hundred, and seventy-two; and also two-thirds of the face value, with two-thirds of -:
the unpaid accrued interest up to the first of July, eighteen hundred and
seventy-one, oil all unfunded bonds, including sterling bonds.
3. The outstanding indebtedness of the State shall be funded in the new
bonds, to be issued under this act, as follows :
Bonds shall be presented for exchange with all coupons attached
maturing after the date of presentation, and shall be exchanged at the
face value of said bonds, dollar for dollar, for the new bonds, with all
coupons attached maturing after the date of such presentation; provided*,
that the proportion of Class II. refunded shall never exceed in amountone-third (i3) of the total amount refunded until eighteen million dollars
of Class I. liave been retired.
The new bonds to be issued may be coupon or registered, at the option
of the holders, and at the like option coupon bonus may at any time bo
Class II.,
which shall be taken to include all
act approved March
amended by the act
converted into registered bonds.
4. All due aud unpaid interest may be funded under the provisions oi
this act at the rate of fifty cents on the dollar, and shall be fundable at
that rate under the third section of this act, and taken under the pro¬
visions of said section in lieu of bonds of Class IT.
5. If on or before the first day of May, eighteen hundred and seventynine, the council of foreign bondholders aud the funding association erf
the United States of America aforesaid, shall file with the Governor their
assent to and acceptance of the terms of this act, the same shall be taken
to be nr contract between the State and the said corporations, and tho
Governpr shall forthwith provide for the preparation of the bonds pro¬
.
vided for by this act.
The said corporations may present for funding, and in the
hereinbefore provided, at. least eight million of dollars of the
.
proportions
125,000
741,000
280,000
presented during any of said periods, may
for the succeeding six months.
214,000
Turnpike Cos
$144,000
East Tennessee &
outstanding
obligations of the State prior to the first day of January, eighteen hun¬
dred and eighty. And during each period of six months, from and after
the thirty-first December, eighteen hundred and seventy-nine, they may
present an additional amount of at least five million dollars, until the
35,000
18,000
—
Agricultural bonds
Bank of Tennessee bonds
Bonds issued to the various
The
$493,000
Capitol bonds
Hermitage lsmds.
353
CHRONICLE.
whole debt is funded; but any excess pver
said amounts, which may he
bo estimated in requirement*
354
THE CHRONICLE.
So long aa the eaid corporations shall
present for funding the obliga-1
tions aforesaid, in the amounts and in tho
periods aforesaid,
shall I
have the exclusive
privilege of funding the outstanding debt, they
under the I
provisions of this act: provided that the said
corporations shall arrange
to receive the
outstanding bonds at the city of Richmond when the holders thereof shall so desire.
But if the said corporations shall fail
to file with the Governor their
assent and agreement as
aforesaid, by the tirst day of May, eighteen
hundred and seventy-nine, or shall fail
to present for
funding the outstanding bonds in the proportions and amounts and
during the periods
hereinbefore specified, then the Governor
may, in hia,
jliscretion, make
StatTund^this
ac't.BPODSibI* partiefl.for the f.,,,ldiug °J
The
all
7.
owners of
IJ1_
X
II /fif lYYftlf j£1*£Y/T, L
^
•—^——>—
WUI 1IPUCII
a r
LUM MiirUjIAL
rfit T.
5L
x? i»
V
♦
lilt ra
rirllUMCi.
TTdtthv vTnu>P
rttIUAI
Addu
a
The weather has been cold and
unseasonable. Snow storms of
considerable violence have occurred m Northern
latitudes, ana
little progress has been made in the
,,
I
a
/if
4L |Y£
Jz0-> *
/
[VOL. XXVIU.
.
.
,
,
.
,
the deb‘ of the
classes of bonds mentioned in this
act, who shall
tion.
The
severe
,
re-opening of inland navigaspring have an unfavor-
weather and the late
■hall not have yet received
certificates representing the
remaining one- able effect upon home trade,
third of their principal
lhe export business continues
and interest due and payable by the State of
West Virginia, shall receive
g00d,
certificates of a like character to those
in breadstuffs and provisions: but in cotton it m
issued under the act of March
*
thirtieth, eighteen hundred and seventy- restricted
one, when they make such exchange, and
a
by
great
speculative advance.
the State of Virginia will nerm,_
gotiate or aid the ci cditoi*s
i*
i
lhe
is a statement of the stocks of i
this act, or previous acts, inholding all of such certificates issued under
articles
negotiating
with
State
of
the
West Virginia
for an amicable settlement of
0f
domestic and foreign merchandise at dates
the claims of such creditors
given :
against the
°
State of West Virginia. The
acceptance of the said certificates for West 1
79.
Virginia’s one-third, issued under this act, shall be taken and
held as a I
*
,
IS78.
full and absolute release of
Mar. 1.
Apr. 1.
the State of Virginia from all
Apr.1.
liability on y°rk
account of the said certificates.
bbls.
71,939
78,340
89,067
La”1
8. The General
y •-•*<*• 103,072
113,500
101,323
Assembly will, by necessary and
legisla-1 Tobacco, foreign.
tion, provide for the prompt payment of the interest appropriate
on the bonds issued
Tobacco* domestic
.hhds.
under this act.
31,692
29,912
Coffee, Rio
9. In the*year eighteen hundred
bags. 123,723
57,949
and eighty-five, and annually
85,089
after until all the bonds issued under and
®ther.
bags. 24,000
23,428
by
authority
act
are
Coffee,
of
this
Java,
&c
paid, there shall be levied and collected the same as and
^ate.
00,565
13,626
together with I Sugar
.hhds.
other taxes, a tax of two cents on the
17,406
28,178
16,330
one hundred dollars of the assessed I Sugar
.boxes.
valuation of all the
8,2/5
12,837
property—personal, real and mixed—in the State,
which shall be paid into the
bags, &c.
^80,000
36,334
treasury of the State to the credit of the I Melauo..
sinking fund.
*
*
*
*
*
*
rr, *
I Molasses, foreign.
£,299
^90
however,
,
following
_
.
«
leading
.
...
li^8'
18,84^
there-1 ^°®ee»
.
46^,000
2»^£6
6,174
.
hhds.
The balance of
th,e bill provides for the annual purchase and
eancellation of bonds with the
sinking fund ; and m case of insufficient funds in the
Treasury to
]‘73,400
Cotton
bales. 170,767
interest when due, for I Rosin
the issue of non-interest
bearing certificates of indebtedness, I Spirit turpentine
receivable for all
pay
I RiceVE”lV.\\V.\\V.V.V.’.*.V.V.'.V.’.l)ag»’.
I Rice! domestic
.bbls. andtes.
2.—The report of the
dismissal of
suit pending in the Fountain
County Circuit
Court for the appointment of a receiver for
the Wabash Railroad Company, sent on March
31, was an error. The hearing
bags.
juu?0*™].’]V/.V.V.’.V:’.*.V.bales’
jute
°fThe
Samuel
butts
wX^biy^rts that,
in the suit of
Meloy against the
Company,
order
3,331
207,900
191,586
34,684
150,969
24,286
4’obo
6^210
...bales.
bales.
Manila hemp
I
32,500
**,677
bbls.
State taxes, which shall be sold or
hypothecated at not less than 75 cents of their
par value, and the proceeds applied to the payment of interest.
Wabash,—Indianapolis, Ind., April
the
145,000
3400
28,714
4*925
l’iiix
26,593
13-’ZHFv
3400
4,905
2,755
17,344
3’,050
34,439
31,665
25,531
33,381
The market for provisions has shown
P88* week 1 values have materially
44,984
reaction during the
advanced, and the position
a
Wabash Railroad
an
has been one of marked firmness. This state of affairs is due
granted last week in the Champaign Circuit Court for an
solely to stronger advices from Chicago, where the speculative
examination of the officers and books of the
company at Toledo, movement has been
Monday was the day set for this examination. From private
revived. To-day, the general market.was
dispatches from Toledo received here, it was learned that this l°wer an<^^ wea^ > old mess pork on the
spot sold at $9 40 ; ne
order of the Court was not
obeyed. The treasurer and auditor quoted [$10 50@$10 62$ ; April, $10
50@$10 70, and May
refused, by the advice of the company’s
counsel, to appear for $10 60@$10 75 bid and asked.
Lard was sold at 6*57^c. for
of the books was denied by I prime Western on the spot, and 6£c. for city; June sold at
In regard to this refusal an officer
of the company said on ®April
nominal at 6 55@6 57^c.; refined for
Monday : “ The proceedings begun in the Western
courts were the continent, 6*90c.
Bacon quiet at 5M@5‘30c. for
merely preliminary to a determination of the question whether
long and
short clear, and 5*20@5%c. for
long
clear.
Butter
has conem £n?.ecuiJd. equipment bonds of the Toledo Wabash & WestRailroad, issued m 1862, were a lien on the property of the tinued dull, in liberal receipt, and generally weak,
f
Wabash Company under the consolidated
mortgage made ini Rio coffee has been fairly active, at an advance to l3/4@l4c.
1867 by the
old corporation. The judge has decided that the for fair; and mild grades have been firm and
have also sold
plaintiff has probable cause for action,
but at the same time he
has refused the receiv
;
fairly
the
loss
of
the
“
Kingdom
Fife”
with
0’
9,000 piculs
ership and the
real point at issue as to the hen temporary injunction. The I java
of equipment bonds will be
strengthened the market. Rice has been moderately actI.
probably a matter of long litigation. These equipment bonds Ilve an<^ sleady« Molasses has met with a fair
*1
demandat steady
are an unprotected
obligation of the former Toledo Wabash & I prices. Raw sugar has been
Western Company,
moderately active, generally on
having been issued by that company as a I the basis of last week’s
quotations, at which the market closes
was
,
bbls.
„
8,918
.
,
i
.A
th^com^an*
*nsPec^on
I
....
~
...
,
,
.
,r
.
,
,
,
,
,
,
-?*«
by the issue of consolidated mortgage bonds of
—* »*• 1867; but the clined to 8%c. for crushed.
holders did not avail themselves of the benefits
of this provision
| Ocean freight-room has continued to be irregular, and at
prior to the foreclosure of the gold
mortgage under which the times rates were easier
; and consequently a liberal movement
n7 h-olds itS title- t0.-he p5°?fHy- 1 kn7 has been effected. Late
engagements and charters include :
books other than that the
company, through its counsel, did I Gnu11 to Liverpool, by steam, 6d., 60 lbs.;
not wish in
provisions, 20@27s.
any way to recognize the validity of the
alleged lien 6d.; cotton, by sail, 7-32d.; grain to London, by steam,
of the equipment bonds as
part of the consolidated mortgage,
| go lbs.; provisions, 30@40s.; flour, by sail, Is. 9d.; grain6d.,
tioru”compromise position in the present and future htiga- Cjrk for orders, 4s. 10^d.@5s. per qr.; do. to Bordeaux to
to
It is claimed on the other
hand, by the holders of the equip- Havre, 4s. 6d.; do. to Havre or Hamburg, 4s.
ment bonds, that
ll/£d.; crude petthey were secured by the consolidated mort- roleum to
Havre, 3s.; do to Alicante, 4s. 6d.; refined petroleum
gage, and that at the time of the foreclosure sale under
the gold
Naples, 4s. To-day, rates without improvement: Cotton to
protested against the sale. On that account an
order was granted Liverpool, by steam, 3-lbd., Lich is now the minimum rate
;
by the court that the sale should be made
subject to any equities | grain to Hull, by steam, 6 /4@6%d.; gram to
of the equipment bonds that
Malpas,
4s.
4$dmight be established subsequently I yer
in the courts. This
qr.; grain to direct Irish port, 4s. 4^d.; refined petroleum to
question is claimed to be the real
object of I Levant, 27}c. per case.
the suits begun in the Illinois and Indiana
courts.
I The tobacco market has been
A bill was filed
quiet. The sales of Kentucky
Monday in the Brown Circuit Court at Mount
Sterling, Ill., in behalf of Levi Holbrook against the Wabash | for the week are only 400 hhds., of which 300 for consumption
Company and others, asking for the foreclosure of the | and 100 for export. Prices are firm at 3@4Jc. for lugs and
first mortgage executed
by the Quincy & Toledo Railroad Com- 112c. for leaf. Seed leaf is also quiet, and the only sales are
| 250 cases Pennsylvania at 9@25c., and 150 do. New England at
pany on May 29, 1865. The plaintiff holds some
of the bonds
that the mortgage was
10@21c., all crop of 1877. Of Spanish tobacco, 550 bales are
given to secure, and in his
reported sold, at 88c.@$l 10.
asks, that pending the litigation the Court enforce thecomplaint
trust by |
Rosins have been more or less stationary, and without
placing so much of tbe road as extends from Clayton to the
west changes; common to
side of the Illinois River,
good strained quoted at $1 35@1 40.
opposite Meredosia, in the hands of a
trustee or receiver. The bill attacks
the legality of the con- | Spirits turpentine has advanced to 33^@34c., owing to a specusolidation. The Quincy Road is a
part of the main line and of | lative movement which has for a foundation very limited stocks
here, and material advances in the Southern advices.
tbe consolidated company.
PetAccording to the annual report re- | roleum has been well sustained at
cently submitted by the president of the Wabash
9%c. for refined, in bbls.,
Company, there | with refiners’ offerings still limited. American
remain unassented of these bonds
pig iron .has
only $10,000.
I advanced, and shows much
The complainants are reprasented
firmness; 3,200 tons have sold, at
by C. W. Hassler, of New $18 50 for No.
1, and $17 for No. 2. Rails are in demand and
York, and George McWilliams ofL
defendants by W. Swayne, of Toledo,Covington, Ind., and the | firm at $45 for steel, at tide water. Ingot copper sells, in a.
O., and others.
1 moderate
way at 15%@16c. for Lake.
-?«“• •»*«-
^bfi^mpavny
its
I
I
.
„
■
«»«*«•>
THE
5, 1879.]
April
Friday, P. M., April 4, 1879.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Apr. 4), the total receipts have reached 54,283
bales, against 60,693 bales last week, 60,202 bales the previous
week, and 78,490 bales three weeks since; making the total
receipts since the 1st of September, 1878, 4,173,503 bales, against
3,953,344 bales for the same period of 1877-8, showing an increase
since September 1, 1873, of 220,159 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
New Orleans
12,951
3,443
Mobile
Port
2,409
3.5S0
4,673
99
43
56
151
269
7,950
2,563
12,597
3,051
4,975
8,848
846
91
120
47
.987
1,388
699
8,863
1,260
8,784
1,776
3,693
2,092
8,082
1,522
8,331
126
436
269
•
Galveston
Indianola, &c
Tennessee, &c
Florida
1.007
3,706
7,460
5,037
Royal, &c
Savannah
7,247
2,451
1,993
5,634
4,772
3,664
Charleston
24,369
3,860
3,460
10,G60
1,305
1,189
15,459
4,143
1875.
1870.
1877.
1878.
1879.
North Carolina
Norfolk
City Point, &c
•
•
•
90
217
....
2,915
very excited and buoyant market for cotton in
Spots have not been active, but quotations were
advanced |c. on Tuesday, and again on Wedneslay, and yester¬
day £c. To day, prices were advanced |c. early in the day, but
later were reduced |c., closing at ll£c. for middling uplands.
The speculation in futures opened weak, and depression of tone
We have had
the past week.
COTTON.
Receipts this w’k at
5,185
4,508
a
on Monday, when a reaction
Tuesday by an excited advance of 25 to 30
hundredths from the lowest figures of Monday.
Wednesday
showed renewed excitement and activity, but with the advance
not so uniform nor so well sustained ; the next crop, except Sep¬
tember, being only slightly dearer at the close. Yesterday, there
was a further advance, most decided for this crop, but October
deliveries attracting some increase of
speculative interest.
Liverpool accounts have been variable, that market showing a
disposition to resist our advance, but finally yielding to some
extent.
The chief element of strength has been the statistical
position, conveying the impression that at the present rate of
consumption supplies will not hold out for the remainder of the
season, and that there is no alternative but to force prices up
until consumption be reduced.
The Southern markets have all
advanced sharply.
Another element of strength has been devel¬
oped in reports from the Mississippi Valley, that an extensive
emigration movement of the freedmen from that sec ion to the
State of Kansas is in progress, threatening a serious disorganiza¬
tion of labor for tlie coming season.
The published accounts of
this movement are somewhat alarming, but it is not believed that
much inconvenience will be felt, except in a few localities, and
and values continued till about noon
in, followed
set
on
interposed to tlie cultivation of tho
To-day, there was an excited and variable
Total since Sept. 1. 4,173,503 3,953,344 3,750,849 3,813,486 3,236,887
market, almost beyond precedent ; sales were 206,600 b «les, and
prices fluctuated 26 to 35 points for the active months, closing 5
The exports for the week ending this evening reach a total of to
7 points lower for this crop, and 7 to 12 lower for the next
44,736 bales, of which 20,628 were to Great Britain, 743 to crop, many of the bulls being disposed to realize the profits
France, and 23,363 to rest of the Continent, while the stocks as which the large advance afforded them, without much reference
made up this evening are now 530,997 bales.
Below are the to the probable future of values.
stocks and exports for the week, and also for the corresponding
The total sales for forward delivery for the week are 794,600
week of last season:
bales, including — free on board. For immediate delivery the
;
STOCK.
total sales foot up this week 5,607 bales, including 869 for export,
EXPORTED TO—
Week
Same
Total
i
Week
this
3,036 for consumption, 1,702 for speculation, and —in transit.” Of
ending
Conti¬
Great
1878.
1879.
1878.
France.
nent. ! Week.
the above, 30J bales were to arrive.
The following tables show
Apr. 4^ Britain.
the official quotations and sales for each day of the past week:
49,841
209,546 238,392
357 10,049
20,752
N. Orl’ns
10,346
TEXAS.'
NEW ORLEANS.
7,018 25,659 29,225
UPLANDS.
Mobile..
Total this week
54,283
...
59,886
55,804
26,287
41,156
no
serious obstacle will be
next crop
•.
355
CHRONICLE.
CharTt’n
Savan’h.
Galv’t’n-
....
....
....
.
....
....
3,175
1,438
N. York.
Norfolk-
....
Other*..
5,669
5,450
3,280
85
5,450
5,835
1,656
5,835
4,916
301
54
1,793
17,2S3
8,212
10,021
5,960
7,042
.
.
.
....
....
291
....
16,139 18,614
23,727 29,380
24,344 31,152
192,514 152,285
10,063 23,969
29,000 42,000
Tot. this
week..
20,628
102,727 530,997 564,997
44,736
23,365
74
Totsince
Mar.
29
Apr.
of cotton.
to
mon Toes
Sat.
4.
■
1038
10%
10%
ins
11%
12%
..
Wed
The exports this week under the head of “ other ports” include, from Balti¬
more, 2,827 bales to Liverpool and 291 bales to Continent; from Boston, 2,831
bales to Liverpool; from Philadelphia, 11 bales to Liverpool.
Mon. Taes
Sftti
8^16 81%6 9%c
81316 S13i6 S1518 81516 9%6
9516
9bl6
9% 6
9%6
9% 6
9j16
9316
9*16
91116 91316 9l3l6 91316 9lon> 91316 9i316 9i510
915i6 10%6 10%6 10%6 10316 10%6 10%6 103,8
103l8 10%* 10u16 10a] 6 10%g 10°i6 l0biQ
Ordiu’y.$Ib
Strict Ord..
o-v>
Good Ord..
911i6
Str. G’d Ord 9!516
Low Midd’g 10316
Str. L’ w Mid 103s
Middling... 10%.
Good Mid
10%
Str. G’d Mid Ills
Midd’g Fair 11%
Fair
12 34
Sept. 1. 1698,299 382,320 818,200 2928,819 2763,261
Hon Toes
Sat.
Til.
!o74‘
10%
10%
10%
10%
10%
10%
10%
10%
10%
10 34
10%
10%
11
11
11
11
11%
11%
12%
11%
11%
ll7a
12%
11%
11%
12%
11%
11%
12 ”
11
11%
1031
11%
11%
13
11%
12%
11%
12%
12
13
Frt.
Wed
Frl.
Wed
Til.
Th.
Frl.
♦
From the foregoing statement it will be seen that, compare*?
with the corresponding week of last season, there is a doorcase
in the exports this week of 57,991 bales, while the stocks to-night
34,000 bales less than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 6(7 Beaver street:
are
Oil
April
4, at—
Liver¬
pool.
37,250
11,000
3,415
New Orleans
Mobile
Charleston
Savannah
3,500
8,112
1,200
9,000
Galveston
New York
Other ports...i...
Total
j
73,477
Shipboard, not cleared—for
France.
Coast¬
wise.
Other
Foreign
9,000
3,236
25,250
3.500
None.
None.
None.
None.
None.
Nono
2,300
4,000
1,039
None.
250
12,236
1.500
750
538
None.
1,000
2,000
7,788
34,339
Leaving
Total.
Stock.
75,000
14,236
134,500
11,423
10,174
5,965
9,000
9,689
*4,950
12,000
130,840
Ordin’y.$2>
Good Mid..! His
Str. G’d Mid 11%
Midd’g Fair 12
13
n>.
Good Ordinary....
Strict Good Ordinary
Low Middlin'''
14,655
CLOSED.
bales at presses for foreign ports, the
%
The following is our usual table showing the movement of
cotton at all the ports from Sept. 1 to Mar. 23, the latest mail dates:
RECEIPTS SINCE
SEPT. 1.
Ports.
1878.
1877.
N.Orlns 1102,807 1277,197
Mobile.
342,929
386,017
Char’n*
436,255
N. York
499,990
667,498
528,639
133,499
Florida
51,948
N. Car.
129,135
501,691
161,034
Sav’h..
Galv.*.
Norf’k*
Other..
This yr. 4119,220
Lastyr..
......
....
553,169
413,962
106,712
12,957
132,737
448,857
125,595
V,
!
France,
Other
j Foreign
Stock.
Total.
516,426 193,685 290,373 1000,484 221,707
!
42,035 32,347 29,677 104,059 27,038
141,688 57,140 162,360 361,188 18,798
184,730 23,646 219,768 428,144 26,689
200.033 59,478 61,285 320,846 25,740
192,086 10,551 21,772 224,409 188,085
135
15,858
1,967
13,756
65,111
3,464
18,589
2,050
44,472
713
5,098 184,269 15,000
178,458
15,778 179,715 21,500
163,937
......
1677,671 381.577 824,835
3893,458 1653.030 431.660
2884,083j548,021
575,844 2660 534 630,027
Under the head of Charleston is included Port Royal, Ac.; under the head of
Galveston la inolndod Indlanola, Ac.; under the head of Norjolk is Included City
*
Point, A«.
Sat.
12%
13%
8%
8%
9
93s
938
9%
9%
9%
10
Sat.
Ex¬
port.
124
.jDull and easier..
Mon JDull and easier..
Taes Quiet, higher—
Wed
Nominal, higher.
Thur8 U11.settled,higher
Frl. JUusettlcd,higher
395
Total
869
275
75
.
Th.
9%
9%
9%
9%
10%
10%
11%
11%
11%
11%
12%
13%
Frl.
9%
10
10%
10l%6 101%*
AND SALES.
FUTURES.
ConSpec- Tran¬
sit. Total.
sump. ul’t’n
224
76.1
230
550
895
374
Sales.
348
959
005
196
100
455
450
....
501
71.300
62.900
100
200
144,800
• 43.H00
1,700
1,345 165.200 1,300
1,270 2o6,600 31,300
l.OSO
5,607 794,600
3,036 1,702
Deliv¬
eries.
4,600
delivery the sales have reached during the week
794,600 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For forward
EXPOR TED SINCE SEPT. 1 TO—
Groat
Britain.
11%
11%
12%
13%
SALES OF SPOT AND TRANSIT.
.
Included in this amount there are 3,000
destination of which we cannot learn.
*
11%
11%
11%
11%
113*
12%
13%
Mon Toes Wed
MARKET
SPOT MARKET
400,111
11
10%
10316 10316 1 10%6 ll0%6
Middling....
187,564
J
1034
13%
11%
12%
STAINED.
11%
11%
11%
11%
1238
133s
11%
11%
1134
133s
133s
1138
1138
1214
13%
14.727
27,068
9%6
9%6
91}1C 9l%*
10%« 10116 10516 io%*
10U16 10°lfl lO&ie 101%*
101516 lO^ie 101316 101%*
9 lolG
9Hi6
Middling...] 10%
Fair
93 jo
9316
9%6
9716
91316
91316 9%6
103,fi 10%6 10%6 10%6
io?i6 ;lo%6 10ui6 10%6
10lli6 101316 109ig 10131C
11
11
1034
10%
11
11%
11%
10%
9516
Ohs
9 Or,
8trict Ord.
Good Ord..
Str. G’d Ord 10%6
Low Midd’g 107i6
Str.L’w Miu 10%
For March.
Bales.
Cts.
l'J-48
200
100.
.1049
500
10 50
Bales.
Cts.
1,000
10 52
300
10-53
100..
..lOSt
500
10-63
100 s.n.5th.10-68
..
1,400
800
For April.
500
10-40
10-45 '
loO s.n
100 a.a. 1st.10-46
100.
10-48 I
200 P.n. 8t. 10-47 I
100
10-47
100 8.
1st 10-48 |
1.300
10-48
|
.
3,500
!0-4»
200 s.n. 1st. 10-50
100 «.n.3d..10 50
2 700
10 50
*
100
10*51
I
-
.10-66
s.n.5th.10-72
100..
10-72
100
10-73
200
280
10-74
2-* R.n.2U.. 10-75
100 s.n.3i..l0 75
*,100
! 2,900
I
...
600 8.u.2d.. 10 67
800
10-67
100 s.n.5lh.10-68
9Q0
10-tto
10-69
100
190fl.Ti.5th 10-70
*00..
100
1,800...
10-51 I
*
No nottco March 31st.
10-75
10-7*
10-77
....10-30
Cts.
Bales.
100.,..
.10-8;
10-83
400
10-81
2, 00
1085
700....
100 s.a ,5;h 10-86
10-86
700
200
.10-88
.10-89
200
.10-91
100
100 s.n,.31. .10*92
400
.1094
.109 5
800
.10-98
1,100
,.10-97
800
.10-98
400
100 -.n. 5di .1103
11-04
200
000
.11 05
.1109
-100.
..
.
.
..
..,
....
....
.
500
4«»
200
....
.1111
1112
Bales.
100
300
10U
400
1,100.
200
100
200
100
2< 0
1,‘<C0
5t 0
6 0
410
Cts.
.1119
.11-20
.11-23
.11-25
.11-28
.11-27
.11-28
11-30
11-31
.1132
.11-33
,11-34
.11-35
,11-37
89,100
For May
1 300
»
,10-58
S.dU). *•••••••<.10*59
10-60
9,8(0
.1001
4,700
356
THE
Cts.
Bales.
100.
..
1,0 0.
14,800
.
..
...10-64
..10*65
....10-66
....1 -67
....10-75
10-76
....1077
2,500.
...10-78
S00.
..
Cts
11-32
11-33
11-34
11-5
11-36
.
..
500.
900.
..
.
5,500.
..
2,200...
11-37
11*38
11-39
11*40
11-41
11-42
11-43
Bales.
2 700
5 500.
S(K).
..
.
..
000 46819483...371
..
1,500....
.
..
700.
200.
..
11-45
11-46
..
...
..
40*....
1.300.
....10-S8
....1090
....10 91
....10-92
..10-93
....
4,000...
.
2,000.
600....
llf.9
11-60
11-61
11-62
1163
11*64
11-65
11-66
11-67
700..
1,100.
500.
1 0..
10.*.
1.400.
300
..1102
.
-
.
..11 06
1107
..11-08
5,800
3,700
182,' 00
.
..1109
300..
.
5,100..
2,100
900
200
500
100
..1110
1111
800..
1,900..
3,200..
2,100.
..11-30
1131
4,800
.
.
1,800
1,100
1,80 *
1,400
800
2,600
.....
.
.
11-34
..11-35
..1136
500.
2/00..
1,800..
2,100.
800..
1.000.
200
1,400
5,900..
2,*00..
1,100..
.
2 2
.11-37
..11‘38
500
300
800
11 11
.1112
11-13
1114
11-15
1116
1117
.11-18
11-19
.11-20
11-21
.11-22
.11^3
.11-24
.11-25
.11-26
11-27
1T2.S
.11-29
.1130
2,200..
400.
200.
.
2,800
1088
10-89
.10-90
.1091
10-92
.1093
.10-94
10-iO
1105
1106
.11-07
11-08
1109
.1110
..
800.
1,000.
2:400
...
.
..
..
....
..
.
..
1,200
...
1,300
..
1,900
.
....
2.300
2 600
1114
1,300
11-16
100
1117
11-18 1 50,100
11-19 1
11-20 1
11-21
11-22 ;
For
....
..
..
11-24
Ilv5
..11-26
....
....
..
.
900
1 900
11-28 I
lloO
1
Monday.
Tuesday.
Market.
Easier.
Variable.
Buoyant.
11-67
March
11-63
April
.
...
..
.
.
..
.
..
.
.
July..
October-
..
.
..
-
August.
600
10-46
100. ........10-47
500
10 50
2,200
10 51
300...
10 52
100
10-53
800
10"5">
200. ....
10-57
£00.
...1069
30'».
...10-70
7(H).
300.
200
...10 74
3,300.
...10-75
1 200.
...10-76
700.
10-17
Sept/b’r
October
Nov’bcr
Dec’ber
Day.
Closing.
For
Day.
High. Low. Bid Ask High. I,ow.
10-50-10-48 10 50 51
10-52-10-48 10-50 51 10-52-10-46
10-50-10-45
10-65-10-59 10-64
10-67-10-58
10-80-10-73 10-78 79 10-81-10-72
10-92-10-86 10 91
1095-10-8(
11-01-10-96 11 00 01 11-05-10-93
10-85-10-80 10-84 85 10-88-10-84
10-52-10-46 10-52 53 10-57-10-51
10*22-10-22 10-26 28 10-29-10-25
10 20 22 10-25-10-20
—
—
—
_
.
Bid. Ask
High.
—
—
—
10-53
-
—
—
10*66
10-81
10-95
11 -04
10-87
10-57
10-30
10-25
10 55'
—
—
For
—
—
—
—
Tr. ord.
_
Closing.
10-55
—
—
05
89
59
32
27
Day.
Closing.
I,o w.
—
Bid. Ask
—
—
10-77-10-63
10-75-10-66
10-87-10-75
11-0210-90
11-16-11-05
11-27-1113
11*10-11*00
10-78-10-69
10*51-10-45
—
10 75 76
—
—
10-87 88
1100 01
11*14 15
11-26 27
11*09 10
10-76 77
10-49 50
10-46-10-41 10-43 45
10-80
Closed.
Steady.
Futures
Wednesday.
Thursday
Friday.
Market.
Firmer.
Very excited.
Excited, variable.
Strong.
Strong.
...
..
1,000.
2, 00
.
..
11-31
11-35
1,000
800
2 500
100.
9 0.
200
700
500.
.
..
11-36
11-37
11-38
11-39
11-40
...1142
....
..
...
...
.
11-48
1.000.
...11-49
11-59
11-51
509.
....10-85
August.
Sept’b’r
11-54
11-55
10 56
10-87
900.
500.
40 •
11-57
11-58
11-59
11-60
11-61
11-62
11-63
11-64
11-05
11-66
11-67
2,500
300,
11-68
11-69
2,000.
...
.
.
...
1 600
....
....
....
..
MK)
400
500
1:900
1,800.
1,100
700
1 600
80
100
500....
1 000
11-70
2*0
.11-73
11-75
11-76
11-77
11-.8
11-79
11-80
11-82
11-83
1,090
200
100
100
300
“
10-80
...
3<i0.
300.
..
10 90
10-91
..10-92
10-95
10 96
10-97
10-99
11-On
900.
800
700
*00
300
500
11-06
11\i7
11 08
.11-0
.11-11
1114
...11*15
.11-16
.11-17
.,..11-18
11 19
n-20
11-22
,
800.
200.
.,
..
3,100....
200....
200....
400
1000
100.
100
...
,
,
6.11.
Closing.
May.
July
..
...
October
Nov’ber
Dec’ber
Tr. ord.
Closed.
*
Loir.
10-91-10-75 10-81
10-92-10-75
11*02-10-82 10-93
11-1810-97 11-08
11-36-11-10 11*22
11-46-11-25 11-32
11-28-11-06 1114
10-88-10-76 10-78
10-61-10-48 10-50
10-55-10-45 10-47
10-85
Finn.
Bid. Ask
82
—
June...
—
94
—
23
32
15
80
52
49
For
Day.
Closing.
F#r
Day/
.
.
.
...
..
.
Bid. Ask
Closing.
High. Loir.
Bid. Auk
1116 17 11-40-11 09 11*10 12
—
—
11-26
11-40
11-56
11-67
11-48
1103
10 74
10-70
11-2 0
27 11*50 ■11*20 11 21
—
11-07 ■11*33 11 * 35
57 11*80 11*45 11 48
68 11-90 •11*56 ti¬ 00
50 11-08 11-40 ll 41
05 11*22 -10-90 10 90
76 10*80 10-00 10 02
72 10 79 10-77 io- 58
11*15
22
36
50
61
43
98
03
OO
Steady
To 2 P. M.
of
Cotton,
as
made up
telegraph, is as follows. The Continental
of last Saturday, but the totals for Great
for the
Continent
are
this
week’s
stocks
by cable and
the figures
are
Britain and the afloat
and consequently
returns,
brought down to Thursday evening; hence, to make the totals
the complete figures for
to-night (April 4), we add the item of
exports from the United States, including in it the exports of
Friday only:
1879.
578.000
1878.
1877.
1876.
756,000 1,096,000
11,000
35,750
853.000
636,500
162,000
2,000
26,500
4,250
23,250
41,500
767,000 1,131.750
267,000
195,000
6,250
3,500
32,050
69,000
7,000
14,500
38,750
58.500
912,250
8tock at Rotterdam
Stock at Antwerp
8,750
Stock at other conti’utal ports.
58,500
Total Great Britain stock
.
Stock at Havre
Stock
at Marseilles
.
..
High. Lmc.
11-15-10-94
11 03-1103
11-27-10-95
11-41-11-05
11*57-11-21
11-6811-34
11*43-11-26
11-05-10 81
10-6910-61
10-70-10-58
Buoyant.
The Visible Supply
11-05
100.
300
200
.,
.
Day.
April... High.
10 83
....10-84
.
...
1.600.
1 500
1,500,
11-47
11-45
1 700.
For
..
100,
900.
300.
300
..
1,509
7,000
.
..
■
.
s.n.
June
.
.
..
May.
.ir:-<9
3.000
31,000
..11-40
4,000..
300
11 "84
..11*41
1.100..
800
11-81
1,100.
..11-42
3,600
11-86
2,0.0
..11-41
300
500
Ji-87
For November.
3,2 K)
..11-44
1,800.
1,600
11 -88
3,600
..11-45
500..
TOO
11-89
...10-22
1,800.
..1146
100.
2,700
H-9J
100.
10 25
1,400 ......
11-47
100..
100.
10-26
1,400
..11-48
200.
11*41
124,7(0
fOO...
...10-.8
2,000
..11-49
1.400
.11- >2
,..
0
0
4
...10-29
1,400
11-50
1,500.
11-33
...0
0
9
.10-45
900
.11-34
300
300.
10-47
210300
3.500..
11-35
1,000.
...10-4o
2,000...
11-36
For September.
1,209.
...10-49
6,000.
900.
..11-37
3,000.
10-50
For Jun°.
200
1 30<>.
..11 38
900.
.10-51
800
10-72 1 1.000...
..11-39
100..
10 A’
1(H)
100
1053
600
1073 1
...00
5
..ll-4f
500..
700.
700
10-53
10 54
2.800
10-74 I
*
foo...
..11-41
400...
400
10-84
400.
10-60
3400.
...1075 I
101*...
..11-43 "3,000
8 0.
0
.1 -85
10-61
*
2,30
...00
2
.10-76
1
..11-44
600...
m-80
600.
10
62
10-77
800.
11-45
100...
1,1*10.
10-63
...007.1078
2
200
..11-46
10-88
900.
1064
5,000
10 79
20 ».
11-47
100...
200
200.
10-66
10,400
10-80
100.
100
11-48
100.
1100
!0-68
3.000
1081
...0
02
..11-4>
500.
100.
—!
069
400
1090
...004
100
11-50
8 '0
1102
10-77
200
10-91
1 100,
1 600
..11-51
100
.11
03
io-78
800
10 92
2/00.
For
..
11-31 1
....11-32
....
Salnrday.
“
.
3,800
4,400.
Futures
11-65
11-61
....11-23 i
....
’.300.
Cts.
11*64
200
...
4/00.
1,500
6,300.
.
.
..
[ VOL. XXVIII.
11 54
11*?6
..1160
.11-61
2,400
1,3 *0
1.000
....
2,000....
1,000
1,700..
400..
•
...11-03
.
200
300
400.
400.
700
300
2.800.
300.
.
100
1 300
For J utv.
1.100
10*c 6
4,200..
10-87
,.11 14
..1115
..11-16
11-17
..11-18
..1119
11-20
11-21
..11-22
11-23
..11-24
.11-25
..11-26
11-27
..11-28
.11-29
.
5,200
mo..
200
500
900
100
900
2 JO
800
..
3,700
2,000.
..
..1103
11-04
11-53
ll'f 4
Ilf 5
600....
300....
1096
...10-97
..10-98
)0 99
..11 00
..11 01
400.
100..
..
500...
.
2,000
2,;oo
2,200
11-49
11*50
11-51
..
1,400....
.10-91
..
..
1,600
600....
...
.....
..
..
..
.
..
..
..
...10 Hi
...10-86
4^00
...
..
4 ,*(K).
700.
...
.
.
..
10-79
....10-80
10*fl
...10-2
...10-83
...
.
...
Bales.
500
500.
11-01
.
1,600
0000413..12321
...
(100
2,400
Cts.
..
CHRONICLE.
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
.-
59,25.0
180.000
7,750
94,000
19,000
47,750
48,250
70,750
11,000
6,750
15,000
13,750
7,000
39,250
10,250
8,000
8,250
279,000
416,750
444,000
445,000
3.750
16,750
17,750
...
.
.
.
.
.
.
..
,
.
.
1,700
10-93
1.300.
.
200
2,*00
10-94
...0
03
2,600.
10 95
3,100.
>
2,20
.’96
...00
8
.11
2.900
10 94
mo...
1 ,-98
..004
.
..
.
6,100
...1099
...0
0
2
7,000
6,000
1100
11-01
60'.
.
600...
••500
...0
0..11-02
5
3/00
11- 3
l.VOO.
300
u-04
...00
6
...004.1105
2
1.500
11 06
60*.
1,700
Ii-u7
8(H)...
1108
...001.1
3,900
11-09
...005
li-io
...008
<,300
11 11 ! 3,v)00.
*600
11-12 J
400...
700
11 13 !
H)0.
11-14
...004
|
900
] i-15
1.300.
400
11* |rt
3,200...
3,000
11 17
..0
03
....1118
500.
...11 19 I
11 20 | 117.600
.
.
.
.
.
11 21
H-22
1123
11-24
11-25
.....11-27
11-28
11 29
11-30
11-31
5,700.
200
CJ 200
200
2,000
2,000
400
The
1T53
11 "54
1 i "55
....11-56
.ll-r-7
..
...
..
100
100
OH)
.
900
4,200..
.
.
100.
300
500..
100.
800
600..
100
40'
300
10J
400
1/00.
1 800
1,900
2,400
100
100
1 000
3 0
300
2.100
For
300
200.
.,
6,200..
3.7. 0
.
700
1,30’J
..
ug 8*.
..10-93
..10-94
..10-96
..10-97
.
.10*98
.10-99
1,000
2,000
000.
900
300
200
1 500.
600
11-10
11*11
..1112
11-13
11-14
1115
1117
1118
...11-21
11-22
11-21
11-24
11-25
...11-26
11-27
11-28
11-29
11 30
1131
11-32
1 ! 33
11-34
11-35
1 -36
11-37
11-40
11-41
11-42
11-43
11-45
11 48
11-49
11-50
11-51
700.
1,' 00.
100.
200.
.10-82
.10-83
.10-86
..10-87
The
United States exports
—
..
'
.
to-day..
•
made
,2,278,984 2,685,136 2,971,627 2.959,917
For Dece i.b r,
200.
300
800
300
5100
700
2 0
300
100
100
300
800
100
100
300.
100
700
10 20
10 25
10 41
J0 42
io-45
10*46
10 48
10-49
10-54
\..,10 55
...10 58
10 59
200...,
200.
200
1064
30-65
10-70
1077
10-78
19-79
descriptions
are ae
American—
.
American afloat to Europe
United States stock
United States interior stocks..
,
.
United States exports
to-day..
459,000
245,000
586,000
530,997
71,487
10,000
580,000
363,000
■
564,997
748,000
363,000
329,000
688,870
692,000
607,268
69,389
18,000
83.007
81,399
15,000
7,000
606,000
504,600
278,000
.1,902,484 2,201,386 2,226,877 2,169,667
East
Indian, Brazil, <tcLiverpool stock.
.
.
London stock
,
Continental stocks
India afloat for
Europe....
Egypt, Brazil, &c., afloat
6 303
during the
American and other
follows:
’0-60
10-62
,
119,000
176,000
58,500
11.000
348,000
35,750
349,000
59,250
34,000
81,000
235,000
45,000
168,000
25,000
53,750
190,000
53,060
376,500
483,750
744,750
790,250
140,000
167,000
47,000
.1,902,484 2,201,386 2,226,877 2,169,667
week:
following will show the range of prices paid for futures,
closing bid and asked, at 3 o’clock P. M., on each day in
the past week.
E&ypt»Bl,6zil»&c.,aflt for E’r’pe>
Stock in United States ports
Stock in U. S. interior ports..
915,500 1,183,750 1,575,750 1,357,250
140,000
190,000
235,000
168,000
586,000
606,000
329,000
692.000
25.000
53,000
45,000
47,000
530,997
564,997
OSS,870
607,268
71,487
69,380
83,007
81,399
10,000
18,000
15,000
7,000
19,090
pd. to exch. 100 June for July.
*58 pd. to exch. 500 Nov. for
Sept.
*13 pd. to exch. 100
Sept, for Aug.
’61 p J. to exch. 100
April f. n. for regular.
•13 pd. to exch. 100 April
for May.
■13 pd. to exch. 400 June for
July.
*05 pd. to exch. 500 A pril for Oct.
*12 pd. to exch. 200 April
for May.
and the
..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe>
.
1 800
500
1 400
following exchanges have been
*13
1106
..1107
11-C8
.
900
....11-59
.11-60
..11-62
..11-63
..11-65
..11-66
..11-67
.110'*
..11-69
..11-70
..11-71
..11-72
..11-73
.11-74
..11-75
..11-76
..11-77
..11**8
..11-79
.11-80
Total European stocks..
...
.
Price Mid. Upl., Liverpool
2,278,984 2,685,136 2,971,627 2,959,917
6 led.
578d.
64*d.
67ied.
These
figures indicate a decrease in the cotton in sight to-night
400,152 bales as compared with the same date of 1878, a
decrease of 092,043 bales as compared with the
corresponding date
of 1877, and a decrease of 6i0,933 bales as
compared with 1870. '
of
At the Interior Ports the movement—that is the
and shipments for the week, and stocks
corresponding week of 1878—is
statement:
set out
receipts
to-night, and for the
in detail in the following
April
CHRONICLE
THE
5, 1879 J
Week
Week ending Apr. 5,
ending Apr. 4, ’79.
1,397
2,813
10,168
1,083
3,350
2,240
10,200
5,923
1,575
3,994
925
516
347
602
528
2,114
557
597
566
7,234
2,832
10,627
3,320
4M96
6,967
12,294
36,074
442
3,485
915
491
3,186
Total, old ports.
11,172
21,603
71,487
10.829
19,241
69,389
Dallas, Texas....
Jefferson, Tex....
Shreveport, La
Vicksburg, Miss
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
141
210
14
630
516
856
355
451
300
230
2,413
2,552
1,522
1,330
1,383
3,609
2,067
1,125
1,771
2,659
515
376
370
1,576
2.365
337
245
82
280
948
230
3,173
4,033
1,162
1,900
1 058
683
3,220
1,327
84
341
1,902
505
Memphis, Tenn..
N ashVille, Tenn..
6,498
Anp'sta, Ctn
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Selma, Ala
..
912
134
217
105
.
6,495
721
259
200
17
450
250
269
8,258
10,489
19,983
9,206
4,363
7,197
8,194
6,813
20,894
8,495
21,217
25,370
45,392
17,895
21,835
50,602
32.389
46,973
116,879
28,724
41,076
119,991
1,139
1,065
460
331
377
563
5,936
10,030
Total, new p’rts
Total, all
266
467
4,787
1,338
571
4,561
361
487
The above totals show that the old interior stocks have
decreased during the week 10,431 bales, and are to-night 2,098
bales more than at the same period last year.
The receipts at the
same towns have been 343 bales more than the same week last
year.
Receipts
Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following:
prom the
RECEIPTS FROM PLANTATIONS.
Week
ending—
3
Jan.
14
U
17
24
It
31
7
Feb.
tt
14
(4
21
.4 4
28
7
Mar.
44
14
44
21
44
28
4
Apr.
at Inter’r Ports
Re’cptsfrom Plant’ns
total
a
rainfall of
one
inch and
sixty-four hun¬
Shreveport, Louisiana.—The weather during the week has been
fair and quite dry, and roads are in excellent condition. The
thermometer has averaged 55, the highest being 85 and the
lowest 45.
The rainfall for the week is forty-seven hundredths
of an inch.
River five feet eleven.
Last week the weather was
day, with roa-’s in good condition. Average thermometer 67,
highest 88 and lowest 46. There had been no rainfall.
Vicksburg, Mis,si sippi.—During the past week the days have
been warm, but the nights have been cold.
Columbus, Mississippi.—Rain has fallen during the week on
two days, to a depth of one inch and twenty-two hundredths.
The thermometer has averaged 55.
There lias been a rainfall
during the past month of three inches and thirteen hundredths.
Little Rock, Arkansas.—Telegram not received.
Nashville, Tennessee.—Telegram not received.
Memphis, Tennessee. —\t has rained during the past week on
two days, the rainfall reaching one inch and twenty-seven
hundredths.
The thermometer has ranged from 36 to 85,
averaging 59.
Mobile, Alabama.—It rained constantly Tuesday night, the
rainfall reaching twenty-eight hundredths of an inch, but the
ba’ance of the week has been pleasant.
Planting is progressing.
The thermometer has averaged 66, the highest point touched
having been 85, and the lowest 48.
Montgomery, Alabama.—The weather during the week has
been too cold, the thermometer ranging from 41 to 71, and aver¬
aging 53. We had a frost, with ice, last (Thursday) night,
injuring vegetation. 'Ihe rainfall for ilie week is forty four
hundredths of an inch, and for the month of March two inches
and seventy-two hundredths. '
Selma, Alabama.—During the earlier part of the week we had
latter portion has been clear. The
rain on two days, but the
weather has been too cold.
Madison, Florida.—We have had rain
day this week.
on one
The thermometer has averaged 53. the highest being 60 and the
lowest 46.
We had a frost on Thursday night, but not a killing
frost.
It was very windy on Saturday, Monday and Tuesday,
and a chilly west wind is blowing to-day.
Planting is making
good
1877.
1878.
1879.
1877.
115,268 165,755 143,155
101,132 112,099 121,091
115.015 153,727 113,613
109,447 164,059 148,640
138,374 159,186 167,097
140,006 137,138 171,608
120,720 120,090 150,841
88,068 109,736 134,328
68,615 94,3l9 110,047
50,742 90,947 83,266
44,537 82,264 78,490
32,366 75,723 60,202
30,397 65,470 60,698
26,287 59,896 54,283
10
It
Receipts at the Ports. Stock
there has been
dredths.
Receipts Shipm’ts Stock.
Stock.
Receipts Shipm’ts
’78.
357
1879.
1878.
249,905 253,239
223,007 236,293
214,057 237,380
195,082 242,013
182,240 244,494
179,266 240,708
174,977 233,103
173,478 226,685
173,178 210,935
169,291 192,465
165,747 169,636
158,041 146,653
151,199 131,795
140,649 119,991
281,631
253,647
233,236
218,585
220,935
214,117
190,765
182,246
170,438
165,619
159,418
141,612
131,463
116,879
1877.
1878.
1879.
108,776 157,118 130,508
74,234 125,153 93,104
106,065
90,472
125,532
137,032
116,431
86,569
68,315
46,855
40,993
24,660
23,555
15,737
■
154,814
168.692
161,667
133,352
112,485
103,31?
78,591
72,477
59,435
52,740
50,612
48,082
93,202
133,997
169,447
164,790
127,489
125,809
93,239
78,447
72,289
42,396
50,549
39,699
-
The above statement shows—
1. That the total receipts from the plantations since Sept 1 in
1878-9 were 4,234,730 bales; in 1877-8 were 4,036,833 bales; in
1876-7 were 3,860,159 bales.
2. That
although the receipts at the out ports the past week
»he actual movement from plantations was
only 39,699 bales, the balance being drawn from stocks at the
interior por.s.
Last year the receipts from the plantations for the
were
54,283 bales,
same
week
were
48.082 bales, and for 1877 they were 15,737 bales.
Weather Reports by Telegraph.—The past week
favorable for farm operations, though the temperature
has been
has been
generally low. Frost is reported in many sections, but cotton is
not sufficiently advanced to be harmed wherever the frost was
severe.
More rain is needed in portions of Texas.
Galveston, Texas.—We have had delightful showers on one
day of the week, and the indications are that they were of wide
extent.
The thermometer has averaged 70, the highest being 85
and the lowest 56; the rainfall for the week is seventy-five
progress, and there is about one hundred per
Sea Island cotton being planted this year than lait.
cent more
Macon, Georgia.—Rain has fallen during the week on one day,
we have had a frost, but. not a killing frost.
3 he thermom¬
eter has ranged from 35 to 80, averaging 57.
There will be less
and
fertilizers used here this ye^r.
Columbus, Georgia.—It has rained during the week on one day,
hundredths of an inch. The ther¬
the rainfall reaching fifty-six
mometer has averaged 60.
Savannah, Georgia.—It has rained on two days, the rainfall
reaching seventy hundredths of an inch, but the rest of the week
has been pleasant. The thermometer has averaged 63, the highest
being 85 and the lowest 39.
Augusta, Georgia.—During the earlier part of the past week
it rained heavily on two days, with a rainfall of fifty-two hun¬
dredths of an inch, but the latter portion has been clear and
pleasant. We had a heavy frost, with ice, last ( Iliursday) night,
and it is feared that the fruit crop has been badly injured.
The thermometer has averaged 58, the extreme range having been
The rainfall for the month of March is two inches and
42 to 82.
forty-six hundredths.
Charleston, South Carolina.—It has been showery two days
of the past week.
The thermometer has ranged Trom 46 to 78,
averaging 00.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
April 3, 1879.
We give last year’s figures (\pril 4, 1878) for
comparison:
New Orleans
Below
Memphis
higb-water mark
April 3,’79.
April4,’78.
Feet. Inch.
Feet. Inch.
5
0
4
Above low-water mark...
25
O
15
..,
1
>11
Nashville
Above lew*water mark...
15
0
5
6
Shreveport
Above low-water mark...
5
17
4
Vicksburg
Above law-water mark...
34
2
11
38
0
New Orleans
hundredths of an inch.
The ship Lancaster loading
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1,774 bales cotton
1871.
at the outer bar for Liverpool, with
board, took fire at three o’clock tlii3 (Friday)
morning, and is still burning. The vessel will probably prove a
total loss.
Crew saved, but personal effects lost. Suddenness of
the catastrophe and heavy surf prevent scuttling.
Indianola, Texas.—It has rained on one day this week, but not
enough to do much goo.d.. The iliermometer lias ranged from 52
to 90, averaging 71.
The rainfall lias reaciiei five hundredths of
on
inch.
an
•
Corsicana, Texas.—Rain has fallen
we are
not
a
needing more.
killing frost.
lowest 37.
...
day (a shower), and
We have had a frost during the week, but
Average thermometer 6$, highest 93 and
on one
'1 lie rainfall is fifteen hundredths of
an
inch.
Dallas, Texas.—We have had fine showers on one day tills
week, apparently covering a wide surface, but we are needing
more.
There has been a frost o:i one night, but not a killing
frost.
The thermometer has averaged 08, ranging from 37 to 93,
and the rainfall has been thirty hundredths of an inch.
Brehliam, Texas.-—There lias’ been rain on one day of the past
ifreek (line showers, apparently extending ovrr a wd.de surface),
the rainfall rencl:i;g forty hundred tbs of an inch.
Crops arc
dolpg.Wv 11. Average tiioriuonieter 73, 1dglu-< f 1 and lowest 63.
N:-.n Oilcans. .Lon-'-hna.
It has rained during rim pact wee];
omen--- day, the rainfall reaching sew-uly hundredths of an inch.
'The 1:krmooieto;- ha-- average 1 vM.
Device ihe m u\lh of feared
—
or
lb feet above low-water mark at that point.
Comparative Pout Receipts and*Daily Crop Movement.—
A
comparison of the port movement by weeks is not accurste#
the weeks in different years do not end on the same day of th©
month.
We have consequently added to our other standirg
tables a daily and monthly statement, that the reader may con¬
stantly have before liim the data for peeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
as
POUT RECEIPTS FROM SATURDAY, MAR.
D’ys
New
of
we'k
Or¬
Sat..
Mon
leans.
1,353
2,753
Mobile.
I
29, ’79. TO FRIDAY. APRIL 4. *79*
•
Gal-
Char¬ Savan¬
leston.
nah
vesfn.
.
i
Nor¬
folk.
Wil¬
ming¬
ton.
All
others.
9iij
Gil
2,032
1,017
1,850
90
GO!
2,03 I
1,393
1,109
1<
595
1,053
217
039
910
4 1
001
1,1 GO
1,132
2,197
Tucs
1:
2501
10
1,131
Wed
973
357,
522
001
1
A
T)nv
779
2 to;
501
G3S
307
2,073
3S
2,120
Fi-i..
9,5 m
1
3-10
239
710
903
4
4,391
i,J
5,037
S.S 23
t
Tot.. 12,95 L
r, •: o
«.
l.u
id
The movement
o
n
*
f
t
ea
.
*
,
901
TU 12,115
Total,.
9,145
12,154.
9,393
0,570
G,7S5
11,23G
5!,2*
lx month since Sent. 1 has been as follows:
358
THE
Year Beginning September 1.
Monthly
Reoeipts.
1878.
October..
288,848
689,264
1877.
Novemb’r
779,237
98,491
578,533
822,493
Decemb’r
893,664
900,119
January
February.
618,727
566,824
303,955
689,610
472,054
340,525
Sept’mb’r
.
Mareb.
CHRONICLE.
..
1876.
1875.
236,868
675,260
901,392
787,769
500,680
449,686
182,937
610,316
740,116
821,177
637,067
479,801
169,077
300,128
Thb Exports
1873.
1874.
115,255
355,323
576,103
811,668
134,376
536,968
676,295
759,036
444,052
383,324
251,433
702,168
482,683
87*78
92*48
89*66
for the
91*09
1876-77.
1875-76.
1874-75.
!
1873-74.
a
period of the previous year.
New York since Seot.l* 187 8
to
Same
period
prcv’ns
date.
year.
WKKK BN DIN 9
Total
IXrOBTED TO
83*75
-
1877-78.
same
■xportR of Cottoa(baIe«) from
332,703
This statement shows that up to Mar. 31 the receipts at the
ports this year were 238,694 bales more than in 1877 and 405,927
bales more than at the same time in 1876. By addin? to the
above totals to Mar. 31 the daily receipts since that time, we
shall be able to reach an exact comparison of the movement
for iha diflerent years.
1878-79.
Cotton from New York this week show
op
decrease, as compared with last week, the total reaching 1,793
bales, against 3,322 bales last week.' Below we give our anna]'
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1378, and in the last column the total
Tot.Mr.31 4,140,519 3,901,825 3,734,592 3,757,682 3,185,484 3,375,908
Perc’tage of tot. port
receipts Mar. 31..
[Vol. XXVIII.
Liverpool
March
12.
March
March
26.
April
19.
4,459
2,695
2,822
1,438
Other British Ports....
...
Total to Gt. Britain
Havre
Other French ports
2,6! 5
3,322
...
Bremen and Hanover
278
imburg
»
•
•
...
83
....
4,812
251,517
1,817
1 438
193,524
253,334
301
10,751
4.973
100
115
301
10,852
5 ,m
54
13,379
2, 02
16,327
....
....
£28
•
•
•
....
•
188,7^2
....
83
....
Total Preach
II
500
....
4,429
2.
•
•
•
4,655
(Kher porta
635
10,132
3,551,655 3,457,554 2,934,051 3,013,205
8.
6,325
7,842
8,903
Total to If. Europe.
278
:28
54
10,216
31,114
44
2....
S.
9,868
9,782
12,518
10,947
26,819
44
ipaim
1.00J
Oporto*
Gibral
tar&c
5,610
3....
8.
4,567
19,628
12,817
14,779
12,802
kll others.
44
2,398
4....
8.
19,653
32,985
10,411
18,943
10,928
44
Total
5....
8.
7,947
17,175
8,531
1,OCO
10,479
5,610
10,617
2,258
Spain, Ac
«
6....
6,678
9,860
9,746
19,134
14,637 Grand Total
8,240
3.106
5.7>7
8.322
1,793
226.202
291.934
44
7....
15,631
8,873
8.
8,722
15,922
11,795
44
The
8....
following are the receipts of cotton at New York, Boston,
8.
12,430
12,300
6,561
15,674
13,681
44
Philadelphia ana Baltimore for the Dast week, and siuce September
9....
8.
8,728
16,228
6,387
12,118
19,884
44
10....
8.
18,764
8,473
10,364
10,817 1, 1878:
9,247
44
11....
8.
14,887
19,17a
8,451
15,914
12,365
44
NBW YORK.
BOSTON.
PHILADBLPIa
BALTIXORB.
12....
8.
8,298
11,487
8,391
9,263
12,002 skob’ts from
44
13....
14,234
8,017
10,344
17,597
11,112
7,845
This
Since
This Since
This Since
This (Since
44
14....
week. Sept 1. week. 8eptl. week. Sept.l. week.
13,767
13,992
6,758
8.
11,286
10,571
Sept.l
44
15....
8.
7,531
14,644
7,692
11,015
t
14,581
Sew Orleans..
1.892
840
5,733
97,975
44
8.
16....
11,210
6,341
6,572
16,789 Texas
5,923
:t)7,50
8,463
1,925'
44
S.
17....
sib 29,314
12,019
150 2 J,2i 0
4,227
9,628
6or> 40,800
1,806 126.9-7
9,721 Savannah
7,439
Mobile
44
S.
18....
18,579
7,453
10,121
10,008 Florida
7,989
1,298
19,242
44
16,441
8.
19....
8,718
7,229
8,265
12,628
5’th Carolina
1,022
85,545
17*.;09
44
S’th
Carolina.
10,584
36.146
20..,.
10,397
’ioo
5,378
1,197
12,539
5,279
9,222
12,785
44
1.219 44,94:
Virginia
1,478 13\35n
971 47,832
21....
11,024
8.
13,897
7,584
7,913
8,804 North’rn Ports
8
6.246
2,535 100,966
44
22....
8,072
6,127
4,982
S.
13,096
11,312
1,415 131,914
3.6J4 80,196;
Tennessee, &c
1,431 47,546
15.660
44
8.
23....
9,800
5,943
5,835
10,312
8,224
18,011 Foreign
44
8.
24....
13,707
5,836
9,375
7,436
8,164
13 957
Total this year
755,751
7,601 26
44
4,232j 1,581 70,511 1,496 134, Hi
8.
25....
13,681
8,851
10,479
7,896
11,876
44
Total
last
18.490
8.
year.
26....
761,224
8,145
15,793
11,185
7,428
1,969 56,4*5
1,783 1*26.450
8,120
8,884
44
27....
11,323
6,426
6,145
13,806
6,254
9,713
Shipping News.—Tha exports of cotton from the United
44
7,317
28....
14,102
8.
4,632
6,347
10,124 States the past week, as per latest mail returns, have reached
44
29
1.584
7,556
9,145
8.
8,722
11,176
62,304 bales. So far as the Southern ports are concerned, these
44
8.
30....
8,367
8,494
5,212
6,334
14,077 are the same exports reported by telegraph, and published in
44
8.
31....
12,154
3,641
13,306
5,458
9,671 The Chronicle,‘ last Friday.
With regard to New York, we
include the manifrsts of all vessels cleared
up to Wednesday
Tot.Mr.31 4,140,519 3,901,825 3,734,592 3,757,682 3,185,484 3,375,908
night
this
of
week.
8.
9,393
15,764
8,735
Apr. 1
4,505
11,214
Total bales
44
8.
2....
9,834
5,570
5,311
5,976
6,901 New York—To Liverpool, per steamer Humboldt, 1,438
1,438
44
To
Havre, per steamer Labrador, 301
3....
6,785
6,649
6,277
301
15,839
5,160
8,003 \
To Bremen, per steamer Oder, 54
44
54
5,114
4....
11,236
8.
4,836
7,094
7,629 New Orleans—To
Liverpool, per sbij)s Erminia J. Martinolioh,
4,437
Rock Terrace, 6,133
per barks Bengal, 1,744
Total
14,173,503 3,939,186 3,751,016 3,789,350 3,201,125 3,409,655
Wild Hunter, 3,029...;
*
15,313
Percentage of total
To Havre, per ship Hercules, 4»319
4,319
To
90
64
92 *S?
Bremen, per bark P. Bredsdforff, 2,409
90*41
pt rec’pts Apr. 4.
91*53
89*63
2,409
To Reval, per ship Criterion, 5,290
5,290
To Barcelona, per steamer Guadeloupe, 1,203
This statement shows that the receipts since Sept. 1 up to
1,203
Mobile—To Liverpool, per ship Ben Nevis, 4,668
4,668
to-night are now 234,317 bales more than they were to the same
To Havre, per ship Aurora, 3,800
3,800
To Barcelona, per brig Juanito, 700
day of the month in 1878, and 422,487 bales more than they
700
were to the same day of the month in 1877.
Havre, per ship David Brown, 2,881 Upland
We add to the last Charleston—To
and 47 Sea Island
2,928
table the percentages of total port receipts which had been
To Barcelona, per brig Soberano, 920 Upland.
920
received Apr. 4 in each of the years named.
Savannah—To Liverpool, per ship Northern Empire, 5,049 Up¬
land and 21 Sea Island
5,070
Bombay Shipments.—According to our cable dispatch received
To Barcelona, per bark Virtuosa, 275 Upland
275
to-day, there have been 6,000 bales shipped from Bombay to Texas—To Liverpool, per bark Skaregroem, 2,509
per brig
Azlia, 1,125
Great Britain the past week and 25,000 bales to the Continent :
3,634
To Havre, per bark Fingal, 1,215
.*
1,215
while the receip s at Bombay during this week have been
35,000 Norfolk—To Liverpool, per bark Blanche, 2,905
2,905
bales. Ths movement since the 1st of January is as follows.
To Bremerhaveu, per bark Francis Herbert, 1,240
1,240
Baltimore—To Liverpool, per steamer Circassian, 98 and
These figures are brought down to Thursday, April 3.
666
Th Feb.29 3,836,564 3,561,300
Mar. 1,...
10,517
17,754
....
....
...
..
.
....
*
'
r
....
....
...
....
'
.
....
....
.
j
....
...
.
...
.
*
•
•
•
1°
1
-
277,712*
...
.
if
‘Shipments this week
Shipments since Jan. 1.
Great Conti¬
Great
Brit’n. nent. Total. Britain.
Conti¬
nent.
1879 6,000 25,000 31,00o 60,000 95,000
1 *78 19,000 32,000 51,000 131.000 186,000
1S77 29.0' uil 16.000 4 5.000 180,000 133.000
Total.
Receipts.
This
Week.
Since
Jan. 1.
155.000 35,000
320,000 33,000
313,000 56.000
Sea Island
To Bremen, per steamer Berlin, (additional) 559
Boston—To Liverpool, per steamers Semiramide, 158
1,847
Total
The
There
451.000
are as
are
Liver¬
pool.
Charleston
Baltimore
301
54
4,319
3,800
2,928
2,409
....
5,070
3,634
2,905
764
3,069
200
Total
Below
men.
1,438
4,668
our
Bre¬ Bremer-
Havre.
15,343
large lots are not
inquired for. Quotations are 8-$(a9|c., according to weight.
Butts are rather easy in price, with only a few
parcels reported
placed, in all 8( OfahOO hales at 2^c. from store. Other lots from
quality.
62,304
follows:
some
dock have also been taken, 2,000 bales fit 2(a2 l-10c.
The
jnarket closes easy, with Lolders quoting 2-J(o2|c.; as to
quality
and termB, the higher figur# for prime bagging
3.069 '
200
*
.......
particulars of these shipments, arranged in
From the
hear of one of 6C0 lolls of 2-lbs. at 9c.
orders for imall parcels coming to hand, hut
Iberian,
Pembroke, 1,064
year,
we
764
559
Philadelphia—To Liverpool, per steamer Castello, 200
275,000
439,000
foregoing it would appear that, compared with last
there has been a decrease of 20,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 165,000
bales,
compared with the corresponding period of 1878.
Gunny Bags, Bagging, &c.—Bagging is still
ruling quiet,
and the feeling is easy. A few transactions are
reported, and
;
.
_
haven. Reval.
5,290
....
...»
...
a
.....
1,215
•
•
*
•
*
•
•
•
•
•
•
•
....
37,091 12,563
i
•
•
559
*
•
-
-
•
a
1,240
....
usual furm„
BarooIona.
Total.
1,203
700
920
275
.*.!!
4,145
1,323
3,069
•
•
3,022
....
1,240
...a,
5,290
....
3,098
give all news received to date of disasters
carrying cotton from United States ports, etc.:
we
1,793
28,564
9,168
3,848
5,345
4,849
to
200
62,301
vessels
Guy Mannering, steamer (Br.), at Liverpool from New Orleans, before
reported, sailed from former port for New Orleans, March 20, hay
lng repaired.
April
THE CHRONICLE.
5, 1879.]
359
Mart
Louisa, steamer (Br.), at Liverpool March 7, from Boston, before
reported, on Feb. 23 threw overboard about 50 tons of cargo.
Payid Brown. The work of sinking the ship David Brown, before
reported, was completed about 6 A. M., of March 25. The vessel
was sunk to the guards, aud the last spark of fire
extinguished.
Before this had been accomplished, however, the flames had burst
through the deck into the captain’s state room, and consumed all
liis clothing, besides scorching the walls and ruining all the furni¬
ture, so that the damage to the ship will be greater than was at
first supposed. The contract for pumping out and raising the ship
was awarded to Captain L. A. Holburn, and at five P.
M., of the
25th, powerful pumps were put to work emptying the vessel at the
rate of 1,000 gallons per minute. The main hatch was
opened A.
M. of the 26th, and up to March 28 about 970 bales of cotton had
lieen discharged. The burnt portion of the cargo was reached on
the 27th. About 100 bales were taken out and placed in
single tier
on the wharf.
Somo of it was very badly fired, and the
upper por¬
tion of the cargo in the after part of the vessel was
considerably
burnt, as were also some of the beams. It will probably take a
week to remove the rest of the cargo from the vessel. Quite
a lot
of canvas taken from the store room aud piled on the wharf
ap¬
peared to be all badly burned. On the 27th there were seven feet of
water in the well, and the vessel was leaking so rapidly that the
water could not be reduced. It was impossible then to tell the cause
of the leak, although it was surmised that some of the seams of the
ship’s bottom had been opened by the swelling of the cargo.
Acliote, ship (Br.), with 4,100 bales of cotton on board for Russia, took
fire at the Levee, New Orleans, March 28. The flames were soon
subdued by filling the hold of the vessel with carbonic acid gas.
She commenced .discharging cargo on the 29th. Not more than 100
bales were damaged. An examination of the ship’s bottom showed
but little damage from fire.
Frida Lehment, bark (Ger.), before reported, arrived at
Gottenburg
*
March 24.
tr-EMTORi
Tararochia, bark (Aust.), Tarabochia, arrived at Havre
March 16 from NewT Orleans, and reported : Was struckfby a squall
Feb. 10, strained, and made a good deal of water; on the
following
day the pumps were freed. On Feb. 20 in lat. 34 N., Ion. 69 W., the
vessel experienced a violent hurricane whieh Listed 56 hours; 22d,
shipped a sea which swept deck and filled cabin. Master fears
damage to cargo.
jfliRENE, bark (Ger.), from Wilmington, N. C., arrived at Falmouth, March
27 with rudder head damaged.
Wednesday.
Delivery.
April
Apr.-May
May-June
5*i33
53i32
6
June-July
July-Aug
Aug.-Sept
..
.6iie©i32
63o2®ij6
6°3<2/a>h
Delivery.
Sept.-Oct
6532
5i&i6
April
Apr.-May
May-June
May-June
5i&16
53i32
515is
Delivery.
June-July
July-Aug
6
Sept.-Oct
6*8
6ist
Apr.-May
Aug.-Sept
529^
6118
Thursday.
Delivery.
Delivery.
April
51516®2932 July-Aug
Apr.-May...51&12932 | Aug.-Sept
Delivery.
6332®i16 June-July
6i32©iift
6332
July-Aug
May-June. 6-53i32-i51B 1 Apr.-May
5i&16®3i32 Aug.-Sept
June-July
6i32©6 | May-June. i. 53i32@6 Oet.-Nov.’.
6332
6%
..
6332
Friday.
Delivery.
Delivery.
6iie®332a>i2 April
April-May
April-May
May-June.. -61s-332-3i6 June-July
June-July.. ..6316®732 July-Aug
July-Aug
Aug.-Sept
Aug.-Sept
6932®5i6 Sept.-Oct
April
.
B
6532
6°*32
61*
6&i6
6H32
51332
Delivery.
Apr.-May
6*8
May-June
6&32'
June-July
673a
July-Aug
6*4
Aug.-Sept
6&3a
READSTUFF8.
Friday, P. M., April 4.
There
depression in the flour market early in the
foreign advices and free receipts. Prices of
medium grades gave way
slightly, and to the
was some
week, under dull
the low and
reduction
quotations are conformed; but the close is steadier,
sympathy with a better market for wheat, and an abatement
of the pressure of supplies. To-day, the market was
dull, but
prices about steady, and few sellers at inside figures.
our
in
The wheat market
was
dull and
depressed early in the week,
selling at $1 12 for No, 1 white, $1 14% for No. 2 red winter,
and $1 05 for choice No. 2 spring. But there was
yesterday
a better market, owing to more favorable
Satur.
Mon.
Tues. Wednes. Tliurs.
Fri.
foreign advices and
reports of injury to crop of winter wheat in the Southwest,
'5) *4 ....©*4 ....©^ ....©4
Liverpool, steam d.
..©k ....©*4
do
sail
d. 316®732 <316®732 316'®732 316®732 316^732 316'®732 owing to drought and other disasters.
There was an advance in
Havre, steam
c.
....©V ....©*®8 ....©v ....©Ss* ....©®8* prices, which, however, had the effect of checking business.
do
sail
c.
...©^ ....©^
--..©1a
The sales included No. 3 spring, 95c.; No. 2 do., $1
05; rejected
Bremen, steam, .c. *13'a>9l6 *12'®9iq **a@916 *Lj®916
*12©9le do., 77%@79c.; No. 2
amber,
$1
13%@1
14;
No.
2
red, $1 16;
do
sail
c. 1532'®12
1632'®12 1532'®12 1B32® *2 1532®1S
and No. 1 white, $1 13%@1 13%, on the spot: and for future
Hamburg, steam, c. *916'2>58
*916® **8 *916©®8 *916©®8 *®16'®a8
do
sail...c.
....©1a
delivery the sales embraced No. 2 spring for May, $1 05%; No.
©*2 ....©^ ....©*« ....©^
Amst’d’m, steam e.
....©°8 ....©Ss
2 amber, $1 14 for April, and $1 14% for
.©
....©38
May; No. 2 red at
do
sail.. c.
©...
-a...
©.
©...
©...
$116 for April, $116%@116% for May, and $1 17% for June,
Baltic, steam
d.
....©7lft ....©7ie ....©716 ....©7le
and No. 1 white, $1 13% for April, and $1
do
sail.
d.
14%@114% for
May.
To-day,
spring
wheat
firm
and
was
fairly active, but
Compressed.
winter growths declined fully %c., and were dull; No. 2 red
Liverpool.—By cable from Liverpool, we have the following winter on the
spot, $1 15%@1 15%.
Statement of the week's sales, stocks, Ac., at that
port :
Indian corn was variable, but was yesterday slightly
firmer;
No. 2 mixed sold at 45%@45%c. on the spot and for
Mar. 14. Mar. 21. Mar. 28. April 4.
April, 46c.
for May, and 46%c. for June; and steamer-mixed at 45c. on the
Bales of the week
bales.
55,000
71,000
72,000
69,000
Forwarded
9,000
8,000
8,000
6,000 spot and 44%c. for April and May.
There has been less doing
Sales American
46,000
56,000
55,000
51,000
in
other
Of which exporters took
grades of com, and they are nearly nominal. To-day,
5,000
7,000
7,000
4,000
Cotton
freights the past week have been
as
follows:
....
.
.
.
-
-
.
.
*
....
Of which speculators took..
’Total stock
Of which American
Total import of the week
Of which American..
Actual export
Amount afloat.
Of which American
4,000
7.000
8,000
552,000
417,000
567,000
7,000
549,000
414,000
48,000
34,000
578,000
459,000
5,000
5,000
300,000
57,000
41,000
4,000
373,000
317,000
432,000
89,000
75,000
9,000
370,000
367,000
310,000
313,000
99,000
97,000
241,000
The tone of the Liverpool market for spots and futures, each
day of
the week ending April 4, and the daily closing prices of spot
cotton;
have been as follows:
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y Friday.
Spot.
Market,
12:30
p.m.
?
J
Mid. Upl’ds
Mid. Orl’ns.
Mod.
-
inq.
freely
supplied.
and
weak.
578
ffard’ning
Market, l
5 P. M.
Spec. A exp.
57a
6
6
6*8
8,000
1,000
7,000
1,000
8,000
1,000
S™is
6*9
6*8
6*4
5 P. M.
15,000
10,000
2,000
2,000
20,000
2,000
\
$
Weak.
Delivery.
Mar.-Apr..
Apr.-May
Cl’d st’dy
at
to-d’y’s
low.prices
Steady
offerings
Flat.
Firm.
Easier.
free.
9 bbl. $3 40ft 8 10
8nperfine State A West¬
3 30® 3 80
ern
3 80(3) 3 9§
wheat
doXXand XXX.......
do winter shipping ex¬
d.
52732
52732
52732
Delivery.
Delivery.
5i3i6 June-July
Mar.-April
52532 July-Aug
April-May ..51316©2o32 Aug.-Sept..
May-June
513iq
Delivery.
d.
Aug.-Sept
6i32©6
8ept.-Oct
6*18
52732
515ie
Sept-Oct
6^16
6
6
70® 4 00
15® 8 00
City shipping extras—.
mily brands
shipp’g extras.
Rye flour, superfine
Corn meal—western,Ac.
Southern
90®
4 50®
5 50®
3 85®
4
6
8
5
30
00
25
15
4 75®
4 20®
2 85®
2 00®
2 55®
6
4
3
2
2
25
Floar,
At—
I
Delivery.
57s
I Sept.-Oct
6
52932 j
Shipment.
5i5i6
,
j Apr.-May, sail
5iBi§
Delivery.
Delivery.
April-May
578
May-June
5313J
May-June ..52932®1516 June-July..
6
June-July
o3i32 July-Aug
6I1*
July-Aug
6I32
May-June
6©53i3J
Apr.-May
..52»32 June-July
6I31
65
15
25
60
Wheat-No.3 spring, bosh. $0 92®
No. 2 spring
1 03®
Rejected spring
77®
Red winter No. 2
1 15#®1
White
l 08®
No. 1 white
1 13® l
Corn—West’n mixed
43®
do No. 2, new.... 45*®
do
white....;
45®
yellow Southern new.
45®
Rye—Western.
58®
State and Canada
60®
Oats—Mixed
20®
...
White
Barley—Canada West...,
State, 4-rowed
State, 2 rowed..
25
1 05
79
15#
1 14
18#
45#
45V
47
47
60
62#
32#
32X® 36#
80® 1 05
70®
80
55®
65
72®
90
Peas—Canada. bondAfree
Receipts &t lake and river ports for the week ending March 29,
1879, and from Jan. 1 to March 29, and from Aug. 1 to March 29.
bbls.
Tuesday.
Delivery.
Apr.-May
June-July
July-Aug
Aug.-Sept
do
XX and XXX..
Minnesota patents
Corn meal—Br wine. Ac.
Delivery.
d.
May-June
52933® 78
June-July ..5i5ie©2932
July-Aug
6©53i32
3
4
3
Southern bakers’ and fa¬
Monday.
Grain.
No. t
tras
Saturday.
March
closing quotations:
are
Flour.
extras.
The actual sales of futures at Liverpool, for the same
week, are given
below. These sales are on the basis of Uplands, Low
Middling clause,
unless otherwise stated.
Mar
following
Extra State, Ac
Western spring
Futures.
Market,
mixed and 34c. for white.
Buoyant.
Unch’ged. Unch’ged.
j
Bales
Easier.
firmer.
5l3is
5^16
6
and
dull and weak, but without decided decline.
was
Rye has been moderately active, at about steady prices. Bar¬
ley is closing out for the seasonable at variable and irregular
prices, covering a wide range. Choice samples are scarce.
Oats have somewhat improved in the volume of
business, and
prices are slightly higher. There were large sales yesterday,
including No. 1 mixed 32%c., and No. 3 white 32%@32%c. To¬
day, the market was dull, No. 2 graded closing at 31%c. for
The
Active
Quiet
the market
(196 lbs.)
Chicago
Milwaukee
Toledo
Detroit.
Cleveland
St. Louis
Peoria
Duluth
.
Total.
Previous week
Corresp’ng week,’78.
Oorresp’ng week,’77.
46,956
51,595
20
3,825
8,494
25,101
1,715
Wheat,
bush.
(60 Us.)
lbs.)
269,016
269,018
1212,354
[212,354
60,483
163,760
13,600
317
12),317
12),
1,850
•
•
Corn,
bush.
(56 lbs.)
758,098
8,360
101,086
2,541
80,350
210,895
258,780
Oats,
bush*
Barley,
bush.
Rye.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
350,459
28,290
18,937
27,810
24,690
6,245
10,898
11,11*2
15.200
84,830
94,830
92, 00
• .•
...
471
7,268
7fl:Q
7,6:0
28,967
16,000
450
14,722
2.600
-'••••
135,406
133,669
96,354
845,400
921,091
1,105,391
1,420,030
1,126,077
2,492,689
602,540
112,865
626,269
84,595
293,757
521,680
1,190,826
92,946
83,168
236,230
65,535
49,62
45,49
136,9;
31,95
360
Fleer,
V1 eat,
hi Is.
bush.
Corn,
Oats,
THE
CHRONICLE
Barley,
Rye,
bus.i.
bu.-h
[?0L. XXV III,
Domestic Cotton Goods.—The exports of cotton
goods from
foreign markets during the week ending April 1
were 2,913 packages,
including 1,792 to China, 233 to British
1.891,441
2*9,s*l5 West Indies, 172 to Chili, 113 to Biazil, 88 to Great Britain, 70
8.703,120 3/75,134 to
Cisplatine Republic, 61 to British Guiana, 60 to Venezuela, and
8,465.- 49 2 804,590
Same lime 1876 7....3,64*0- 6 33 3 8,6 l 73,254,570 14,229,490 7/06.560 2,361 35:3
the remainder, in relatively small parcels, to other countries. The
Same time U75-6.
3,524,3.6 4S,537/09 34.814,.94 18.725,128 6.581,039 1,529, 65
market ha3 been fairly active throughout the week, and
large
Shipments of tiiar and grain fr>m Western lake and river
transactions were reported in leading makes of brown, bleached
pc/rts from JaD. 1 to March 23 for four years.
and colored cottons, most of which were subjected to a
slight
W eet,
Bar ey,
Fiour,
Corn,
Oat°,
Rye.
bbK
bash.
bu-h.
bu?h.
advance in price because of the still upward
bush.
ush
tendency of the
Jan. 1 to Mar. 29.
1,666,331 7.45b 105 9,616,214 3,642, 73 1.212,139
369,163
Sam- time lfc78.. ...1,426,230 11,233.6 0 10.321,640
staple. Cheviots were in irregular request, and cottonades ruled
2,853,45 1.138.0-6
509,755
(Same tim- 1877
693,595 1/19,1 1 7,443,948 1,877 042
874,841
238,005 quiet early in the week,
owing to the announcement that 450 cases
Same time 1876 ....1.3v5,0:0 4.0^8,667 9.88%. 51 2,374/58
8.0,974
190,720
of Bridgewater 8oz. goods of this class would be
peremptorily
Rail shipments of flmr anl grain from Western lake anJ river
sold at auction. The sale was held
Tot.Jan.Uo Mtr. 20.1,516/,52
Same time Id?S
1,125, 429
Same tim-lh7?..
9*6 (65
Same time 1&76
1,218.465
Tot Ausj.ltoM ir.2).4.351 208
Same (ini j 1H77-S.. .4.197,^2
...
.
bush.
bu-h.
14.416 7^7 17/34, -32
li.O- 6,803 15,361.34)
5,851192
4.7* l.«*>2
3,9*5/.6 i4,->lJ/r.9 3.1d3,700
8.»94,8!3 11,416,122 4,072,551
*0/fi\563 57,605,127 21,313,202
5 /72 t 91 50.45 %9tH 17,133,219
1.664 681
1,986.189
1,44"/10
7l-\79l
827,7'3
5'3.8 9
this port to
.
»
l
....
.
on
ports.
Week
ending—
March 2 % 1-79...
March SO, 1 - 78
March 31, 1877...
..
...
....
Flour,
Whea%
bbl*.
15 «.290
65.659
bu?h.
75/33
121,004
...
Corn,
Oais,
Barley,
bui»h.
458 616
Rye,
31V9S
1.218,486
166.027
77,173
60 .',085
311,363
163.873
174,438
bush.
108.910
54.220
ba**h.
1,947/78
bu*h
1 2 1,48.1
prices
53,559
9</50
20 794
0 0 3
54,874
5c ,0,2
were
obtained.
Quilts
were
the 2d inst., and low
in fair demand, and
leading
makes of Marseilles and crochet quilts were advanced about
five per cent. Print cloths continued to advance and 64x64s
quoted at 3 7-16 to 3/£c., cash, while sales of 56x60s were
Prints were in steady request at un¬
Receipts of flour and grain at seaboard ports for the week end¬
ing March 29, 1879, and from J in. 1 to March 29.
changed prices, and there was a'moderate movement in cotton
Flour,
Wheat,
Corn,
Oats,
Bir'ey,
Ry<\
dress goods, printed lawns and ginghams.
At—
bbls.
bu-h.
bnsh.
bush.
bush.
bush.
Domestic Woolen Goods.—There was a light and
Hew York
940 338
99,7 6
180*1
344,152
218,719
2-/5J
spasmodic
Boston
169.100
35,206
25"/10
400
104,550
18,500
demand
for
spring woolens at first hands, and selections were
Portland
3,500
62,000
7,009
1,8 0
Montreal
8,225
5,775
1,000
m
restricted
4Stly
to relatively small lots of fine fancy cassi14.150
3 5,9 0
343,000
Philadelphia
23/04
101,500
23,000
Baltimore
734.500
meres,
20,674
353,303
47,000
suitings
and
cheviots. Tweeds were lightly dealt in, and
2,4 JO
New Orleans.
32 016
1/3,160
36,352
there was only a limited inquiry ior cashmerettes.
Overcoatings
Total
1 0,371
1/02,701 1/47,522
510.896
68,350
44/44 have begun to receive some attention from the clothing trade,
Previous w ek
216,194 1,637,450 2,218,572
568/ 83
101,192
93,477
36 3,468
Corresp’ng week/7 8. l>9,v>17 1,201,312 2,404,722
4',800
131,597 and a few orders were placed for low-grade beavers and rough¬
April
1, 1876.
....
.
4,0.121
were
made at 3 1-16c. cash.
-
..
..
.
•
•
•
..
....
....
..
..
..
Tot Jan. 1 to Mar. 29 2.474/79 18,’'99,563 22,496/04
Bame time 187r>.... ..2,078.43* 16,247,129 23,583,043
Same time 1877.
.1,605,748 1,43/39 17.547.530
Bame time 1876....
4,635,701 17,602,178
4.166,273 1.123,119
3,391/23 1.727,816
3.201,275
80 i,82 i
5*7.206
759,401
256,316
3,647,763 1,492,877
.2,143
faced overcoatings.
Black cloths and doeskins continued slug-
gish but steady at current quotations. Kentucky jeans were
distributed in small parcels to a fair aggregate amount, and
Exports from United S*ates seaboard porta and from Montreal, there was a light demand for printed satinets. Worsted dress
lor week ending March 29, 1879.
goods continued in steady request at first hands, and many
Flour, VvLesr,
Corn,
Peas.
Oats,
Rye,
makes of alpacas, poplins, buntings, &c., aie closely sold up to
.From
bbls.
bush
bush.
bush
bush.
bush
New York
126.931
1,247.69?
597,9-3
2/96
75/64
15,197 production
Worsted shawls ruled quiet and the agents for
'Boeton
76 815
10,281
78/0 2
Portland
2 80
62,0-40
7,000
14/00 the Martin Landenberger Manufacturing Company disposed of
Montreal
about 15,000 shawls of this class through the auction room at
3/51
338.8 il
Philadelphia
32-/00
Baltimore
512 805
8,575
288,424
very low prices.
Total for week.. 151/91 2,013.777 1,513.380
Foreign Dry Goods.-—There was only a moderate demand for
75,661
9,391
24,997
Previous week
116/17 1,8:0/29 3/67/43
20.915
4,315
2-1,436
li 0,377
Two weeks ago
foreign goods at first hands, but the jobbing trade was fair in
3,475.930 1.677,945
?6.7 5
3 ,510
5,449
Same lime in 187/...
52,088
697,479 2,63% 49)
21/60
21,247
63,9*2
all departments. British and Continental dress goods were in
The visibie supply of grain, comprising the stocks in
granary fair request, and staple makes continued steady in price.
Silks
at the principal points of accumulation at lake and seaboard
were sluggish in private hands, but (as above stated)
large
ports, and in transit by rail and afloat in New York and Chicago,
quantities found an outlet through the auction rooms. For
March 29, 1S79, was as follows:
housekeeping linens, white goods and embroideries there was a
Wheat,
Com,
Oat%
Barley,
Rye,
In Store at—
bush.
bus*-’.
bush.
hush.
bush
steady hand-to-mouth demand, and real and imitation laces,
New York
..
.
y
—
m
*
-
....
Albany
Buffalo
Chicago
Afloat in Cnicago
Milwaukee
Duluth
.
....
.
552,148
7,409.4.0
104,323
699,586
68 00.7
57/00
345,5 5
84,000
2,9! 6/41
5 '1 254
25 6>5
],000,9:36
2I/1K
.
Toledo
Detroit
....
Oswego
St. Louis
Boston
Toronto
Montreal
.
...
Philadelphia
Peoria
560,465
750,332
205,000
231,157
1879
CO JX C*“7 C7T
35,000
55 125
ln,11'»
927
151.564
118,-.52
‘23/92
83,679
469 659
22%7;j.i
13,150/46
98,314
13,342,31*2
2,062 828
20.716/49
Importations of Dry <;ootl*.
The
importations of dry goods at this port for the week ending
April 3, 1879, and for the corresponding weeks of 1878 and
1877, have bten as follows :
i8/ 56
‘2,313
ENTERED FOR CONSUMPTION FOR THE WEEK
53,554
PkgF
3,096,617
1,195,238
Manufactures of wool..do
cotton
do
siik
do
flux...
3,555,296
3,850,636
4,107,046
1,224 799
Mlscel.”neousd:y good*
’ 1,1tO
139
1,23‘,*■'45
1,264,275
..
1,213,583
Tot;]
1.35% 361
515,379
WITHDRAWN
THE Dav GOODS TRADE.
Friday, P. M.. April 4, 1879.
degree of ani¬
mation tlie past week. There was a steady demand at first
hands for re-assortments of seasonable goods, and the jobbing
trade, though checked to some extent by unfavorable w-eather,
was fairly satisfactory in volume.
There was a more active
movement in cotton goods, and many leading makes were ad¬
vanced in price in sympathy with the enhanced cost of the
staple. Woolen goods were dull and heavy in agents’ hands,
but a fair distribution of light-weight clothing woolens was
reported by cloth jobbers. Foreign fabrics ruled quiet in first
hands, and there was a continued pressure to dispose of dress^
silks through the auction rooms, by which means several thou
sand pieces were distributed at low average prices,
APRIL
r
3, 1679.
PkgS
1879
Va:ue.
Pi>gs.
120.0 0
13,801,5-27 2/202,169
12/90.683 2,162,019
11,5(9,540 2/16.9 4 4.80 1.391
7.033,318 2,531,025 2/66,551
characterized by a moderate
ENDING
18 d.
Value.
FR
533
1,16-
$213,744
3:e,755
529
988
4(3,241
V2U3J
1,463
4/76
$179/12
568
983
753
$223,394
<73,107
488/15
186,.'51
1,034
578
206,344
130,893
132,248
2,917
135 355
$1/37,772
3,637
fl,26%325
6,255
$1,340,744
WAREHOUSE
M
Manufactures of wool
do
1 cotton
.
AND
''
THROWN
SAME
INTO
THE
368
§144/10
67,520
113 85b
*104,940
71,324
128/398
3 "8
23 i
$116,719
107
96,106
89,490
82.157
357
5/yi
77,223-
63.112
1,233
32,280
2.285
6,255
1,340/44
8/40
$1,730/392
silk.,
flax...
dry good*
392
4>,18-
Total
Add ent’d for
cons'mph.
1,638
4,6.6
i/u i,7)2
<i,5-:o
3,63.
5449,931
1,2 65/: 25
Tot. thr’wr. npon mark’t
6/314
f]/9\942
: 0.157
$1,715,25;
...
ENTERED
Manufactures of wool.
$457,17
*
$190,823
101,4*2
15*,693
91/OS
dry good-
23/67
59
187
18.4
cjns’nip’n
1,425
4/7 6
$568.5(8
1,337,772
Tot’l entered at the port
6.101
$1/0),280
COttO-
do
do
silk
flax
Misceirueous
To*al
Add ent'd for
..
.
1
65,320
389.648
FOR WAREHOUSING DURING SAME PERIOD.
453
270
144
391
107
Co
MARKET DURING
281
259
12.4
460
do
Viisccirneous
V
808,954
461,697
PERIOD.
2.0
Kd
500
ro
Yulu*.
491
9 2
72.
852"
THE
was
Millinery
slow of sale, and some makes of milli¬
nery gauzes were, sold very low at auction.
I11 men's-wear
woolens there was no movement of importance, and shawls re¬
mained quiet.
were
•Eetimitei.
The market
in fair request.
1877
2/85,656
3,13/438
34,083.832
goods and ribbons
were
'
10?,990
20.98'',326
20.736 7-‘ 0
4,6/2
458/16
; 0,0.0
2i ,416.359
21.104.3 21
1879
Sr. 9
£9 669
la/uo
5, -.01
lace curtains and curtain nets
9
....
2,480,2-0
2/271.434
2,153,016
1879
1878
44,4 8
3,003
355,000
9/289
10,339
....*20,090 411
.
4 L476
10 408
13,00 / 69
..
158/13
48/07
19/14,257
.
393/59
2 5.426
250,000
....
159,101
l,*6i
20.957
•
1,719
235.7-23
.
2,116/93
138,500
269,103
183,600
225,285
116,7*3
457, -17
845/ 21
1,221 487
30,1100
Kansas City.
Baltimore
Kf.il shipments, week
Afloat in New York*..
.
956
402,698
348.463
694.506
386,7-U
,
1879
1b7u
1879
70,000
1,556,977
....
518,209
225,000 1
93.683
3 6 424
Indiinapolie
Total
March 22.
March 15.
March 8,
March 1,
Feb.
22.
Feb.' 13.
March 30,
1,096,527
—
226
$69,223
2 .',22 j
37,115
31,4(3
27,432
376
218
14s
425
595
3,637
$2 >7,183
1/G5/25
1/62
6,255
$479,154
1,310/41
4,335
$1,472/11
8,017
fl,819.893
68
728
$;5%130
80,551
119,426
90,632
32,415
@FedFRASER