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HUNT'S
MAGAZINE,
MERCHANTS'
& Wtfrfclj;
paper,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
NO. 685.
SATURDAY, AUGUST 10, 1878.
YOL. 27.
banking interest is unduly taxed,
public are really and deeply concerned in
THE CHRONICLE.
Save the Banks
133 j
136 recognizing and remedying the cause of complaint, we
from January 1 to July 31
Non Taxability of Foreign BondImports and Exports for June, 1878 137
desire again to point out wherein that concern exists*
holders
134 Latest Monetary and Commercial
Mixed Commissions and ArbitraI
138
English News
tion
135 I Commercial and Miscellaneous
Capital invested in banks is taxed, and while the law is
Railroad Earnings in July, and
| News
139
unchanged it cannof resist ; but one thing it can do, to
THE BANKERS’ GAZETTE.
wit: run away. There is no law to prevent it from going
Money Market, U. S. Securities,
I Quotations of Stocks and Bonds... 144
Railway Stocks, Gold Market,
| New York Local Securities
145 out of the
banking business, whenever, from any reason,
Foreign Exchange. N. Y. City
I Investments, and State, City and
Banks, Boston Banks, etc
141 | Corporation Finances
146 that business does not
pay.
This being conceded, we
THE COMMERCIAL TIMES.
schedule of
Commercial Epitome
150 | Dry Goods
155 submit, as the first illustration, the following
Citton
150 Imports, Receipts and Exports
156 decrease in bank
capital in this city during two and a
Breadstuffs
154 | Prices Current
157
half years, the movement having begun in 1876 :
suaded both that the
CONTENTS.
and that the
.
•
1S76.
£hc Chronicle.
The Commercial
and
Financial Chronicle is issued
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day morning, with the latest news up to midnight of Friday.
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Transient advertisements are published at 25 cents per line for each insertion,
but when definite orders are given for five, or more, insertions, a liberal dis¬
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all advertisers must have equal opportunities. Special Notices in
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A neat file-cover Is furnished at 50
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Volumes bound for subscribers at $1 50.
For
a
complete set of the Commercial and Financial Chronicle—
July, 1835. to date—or of Hunt’s Merchants’ Magazine, 1839 to lb7J, inquire
at the
$300,000
1,200,000
500,000
North River*
1,000,GCO
400,COO
600,000
Tenth
1,000,000
500,000
500,000
$6,800,000
$3,700,000
$3,100,000
$>,500,000
$1,200,000
$300,COO
1,800,000
1,000,000
800,000
10,000,000
4,000,000
5,000, COO
3,000/00
1,250,000
5,000,000
LOCO,C00
250,000
500,000
100,000
3,750,000
300,000
1,2!0,000
2CO,OCO
$24,600,000
$15,600,000
$9,000/00
$3,000,000
$2,000,0:0
$1,030,000-
1,000,000
400,000
850,000
1,500,000
1,000,000
3,750,000
700,000
240,000
250,000
750,00)
750,003
3,500,000
300,000
160,000
100,030
750,000
250,000
850,000
$8,190,000
$2,810,000
Total
1877.
Union
Phenix
Commerce
Metropolitan.
Continental
1,5C0,GC0
300,000
5,000,0?0
Manufacturers’& Merchants’*
Fourth...
New York National Exchange
Total....
200,000
1878.
Merchants’..
North America*
North River*
cents.
Beduced capital. Decrease*
$500,000
800,030
1,500,100
$800,003
2,COO,000
2,000,003
publication in
Banking and Financial column 60 cents
,
Former capital.
office.
{5Er“ The Business Department of the Chronicle is represented among
Financial Interests in New York City by Mr. Fred. W. Jones.
East River
Ninth
German American*
Fourth
Total
$11,000,003
*8tate banks.
SA VE THE BANKS.
Here is
a
,
■,
total reduction of
$14,910,000 since 1875, with¬
meeting of the out counting the million reduction announced this week
Bankers’ Association, held in Saratoga this week, would by the Bank of New York, the million belonging to the
for this time confine itself somewhat to the consideration Dry Goods and the half million of the Tenth National,,
of topics especially affecting banking interests, to the com¬ both of which went into voluntary liquidation last year*
parative exclusion of such topics as silver and resump¬ the latter after once reducing its capital; and, from whattion. Such discussion, of course, largely deals with the information we have, we should not be surprised to see
topic of excessive taxation, which is by no means a new a further reduction of six to eight millions before tie
one ; but it begins to be more and more plain that some
year ends.
Reductions in surplus of the same Bankslave
also
been
corrective for it must be found.. Evident as this is to
large, and have been largely made
in
the
the bankers, it may, nevertheless, be very much less so to
process of reduoing the amount upon which
are
taxes
assessed ; but we make no account of
the public at large, because it is of course generally
understood that everybody dislikes taxation and wants them, because they > are in part due to losses and
to escape it; every interest is supposed to consider itself to the failure to earn the ordinary dividends paid.
Simexcessively or unfairly taxed, and hence complaints about ilar processes, at least as respects the surplus, have
taxation, ordinarily, cannot look for much attention from undoubtedly been going on throughout the country*
the public at large. But inasmuch as we are firmly per¬ although we are unable to give anything more definite
It
was
announced that the annual
134
than
THE
CHRONICLE.
| Vol. XXVII.
the
following, the figures stated in thousands, stay in bank shares now, if allowed to, but when bank¬
except the first column:
ing becomes again active other openings for money will
-1iatio oj
Net
DiviDiv.to Earn'gs
compete with banking investments, and extra induce¬
No.
Half
Earndends.
to cap•
capital
ments will be necessary
in order to attract capital into
Year
of
Capital. Surplus. Dw'ds.
to
and
ital and
ings.
Hanks.
ending
$
S
$
1
capital, surplus, surplus
banking.
We are acting with the same folly
r
,
Sept.l,
Sept.l,
Sept.l,
Sept.l,
Sept.l,
Sept.l,
Sept.l,
’69 1,431
’70 1,601
’71 1,693
’72 1,852
’73 1,955
’74 "1,971
’75 2,047
Mch.l, ’76 2,076
Sept.l, “56 2,081
Mch.l,‘77 2,080
Sept.l, '77 2,072
401,650
425,317
445,999
465,676
458,100
483,938
493,864
504,209
500,482
^96,651
483,324
82.1(5
91,(.30
95,286
105,181
21,767
21.0S0
22,125
23,827
24,823
24,929
29,221
26,813
27,315
30,572
33, i22
30,036
5 42
4 50
604
4-96
403
519
4-96
4 07
502
512
4 17
536
5 09
4-09
5*46
been
re¬
in
this matter
as
sailors
would show who should slit
their sails and throw them overboard because
a
calm
was
prevailing and there was no wind to fill them; bank cap¬
5-09
128,364
403
4-86
surplus are being undermined just before the
23.800
134,123
24,317
4-88
3 85
4-56
crucial test of resumption comes and
just as we are
492
134,467
24,811
3 88
23,097
3 62
4 50
132,251
2*,563 20,540
357
beginning
to
hear
the
stirrings
of
a
new prosperity
03*25
4-39
130,872 21,803
3*47
3*12
19,592
which is certain to be realized, and
which, we repeat,
124,349
454
22,117
362
15,274
2*50
will require all our banking facilities.
It is quite time
This shows that capital, surplus, dividends, and earn¬
the senseless habit of
abusing banks gave place to an
ings, all reached their maximum two years ago, and have
of affairs will be when occa¬
inquiry
what
the
condition
since been declining; looking at the ratio columns, we
sion comes to use them.
find all the ratios at their highest in 1869 and their
lowest now; that of earnings to accumulated
capital
NON-TAXABILITY OF FOREIGN BOND¬
declines most significantly, having for two years past
been below the ratio of dividends to capital and surplus.
HOLDERS.
Now, banks have no claim to exemption from their
More than a year ago we reviewed a then recent
share, in the burdens of taxation and dull business; the decision of
Judge Blatchford in the United States Dis¬
fact is, however, that the taxes on them are war taxes, trict
Court, upon the question of the right of the United
118,113
left undisturbed while
lieved.
have
This fact
we
other
interests
have
do not propose to argue,
because
ital and
States
to tax
bonds of
non-resident aliens upon the interest of
corporations located in this country and owned
repeatedly done so and because it is of greater by them. The bonds in question wrere sterling bonds,
practical importance just now to show how the pubUc issued by the Erie Railroad prior to 1866 and
during
are
concerned in the matter.
The tables above pre¬
1868, payable in London, and from 1866 to 1S69 were
sented are a condensed argument on that point. The held and owned
by non-resident aliens; the interest was
reduction of capital in case of the Bank of the State of
duly paid on them during this time, and no portion of it
New York was effected during re-organization, and in a was withheld on account of
taxation, nor was any return
few other cases the intent was to adjust the capital ac¬ of it ever made to the assessor of
internal revenue.
The
count to conform to the situation after
sundry losses; Government made no assessment and no demand for
but all these cases cover only a small part of the reduc¬ tax until the end of
1872; then a demand for a tax of 5
tions, and we present the schedule distinctly as showing per cent and for penalties was made, and suit followed
how bank capital has been driven out of business
by thereon. Upon these facts Judge Blatchford held that
pressure between an idle money market and an unre¬ the corporation ostensibly taxed was
really only an
lieved war-taxation, the United States on one side and
agent of the Government in collecting the tax; that
the State on the other.
It should be observed, more¬
Congress can have no greater power than a State legis¬
over, that among the banks which have thus in part lature has to tax persons and
property not within its
retired their capital, are several of the oldest, largest,
jurisdiction; hence, that the claim for tax was void as
strongest and most conservative in the country. At regards all interest paid to foreigners.
the beginning of
The claim made by the Government was founded
1876, the capital stock of the
Clearing House banks was a little over 81 millions ; upon section 122 of the internal revenue act of 1S64, as
the probability is quite strong that by the end of this amended
by that of 1866, which lays a tax on all divi¬
year 20 millions wi 1 have been scattered—one-fourth dends, interest or profits, when, where and to whomso¬
of the banking capital of the city driven out of it in ever
payable, “including non-residents, whether citizens
three years.
or
aliens;” authorizes corporations to wdthho’d from
It is elementary to say that the rule of the largest such
payments the amount of the 5 per cent tax; and
present banking profits L, the maximum of deposits on enacts that a payment made with such deduction shall
the minimum of c ipital, but that conservative banking be a full
discharge of the interest obligation, unless there
and the safety of financial interests require, not exactly is a contract otherwise.
Parts of this act had been
a
practice the reverse of this, but one different from it. previously passed upon by the courts, but the particular
As a matter of safety alone, the maintenance of an
point raised here appears not to have been brought
ample surplus is of the highest consequence to the com¬ before them. And yet, in the case of Railroad vs.
munity ; furthermore, this reduction of capital means, Pennsylvania, December, 1S72, (15 Wallace, 300) a
among other things, a large reduction in ability to very similar question was decided. That case involved
loan.
Just nowr, with money begging for employ¬ the
power of a State to tax bonds held in other States.
ment,
this fact is not appreciated ; but times The State courts had admitted the lack of power to tax
will not
Borrowers will be beyond jurisdiction, but held that the bonds being issued
always be as now.
active again and lenders the object of earnest quest;
by a Pennsylvania corporation, the debt was technically
meanwhile, there is a strange incomprehension of, or located in Pennsylvania. But the United States Supreme
indifference to, the fact that this process of corroding Court reversed
this, Judge Field, in his opinion, stating
bank capital is really a destruction of our
machinery of that it is a misuse of language to call debts property of
exchanges. If it is allowed to go to pieces now, because the debtors; that the bonds are property only in possess¬
not needed now, to reconstruct it when it is needed will ion of the
holders, not of the obligors, and are beyond
not be easy and speedy.
The burned child dreads the State jurisdiction, when the holders of them are. In
fire; capital is always timid, and will not readily return another case, however, of the Michigan Central Railroad
to a business from which it has been
driven; it would vs. Slack, Judge Clark, of the United States Circuit Court,
we
•j
.
August 10,
holding that interest due is either
dence has
property of the corporation, and hence taxable as such,
or else is the bondholder’s property not yet removed
American
took
contrary view,
a
beyond the limits of jurisdiction. This difference in
interpretation gave to Judge Blatchford’s decision its
particular interest. We !iow find that Judge Blatch¬
ford’s conclusion has been sustained
by the United States
Supreme Court, Chief Justice Waite having sent on,
last Friday, the following decision:
with the learned District Judge in the view he has taken of
brought, was a tax
upon the owner of the bond and not upon the defendant. It was not a tax in
the nature of a tax in rem upon the bond itself, but upon the income of the
owner of the bond, derived from that particular piece of property.
The
foreign owner of these bonds was not in any respect subject to the jurisdiction of the United States; neither was this portion of his income. His
debtor was, and so was the money of his debtor, but the money of his debtor
did not become part of his income until it was paid to him, and in this case
the payment was outside of the United States in accordance with the obliga¬
tions of the contract which he held. The power of the United States to tax
is limited to persons, property and business within their jurisdiction, as much
as that of a State is limited to the same subjects within its jurisdiction.
The
judgment of the District Court is affirmed.”
“
I
this
fully
case.
Of
concur
The tax, for the recovery of which the suit was
it would be absurd to say
that any govern¬
ment can tax beyond its jurisdiction, and thus the only
question remaining was whether the tax was upon the
debtor corporation or upon the foreign bondholder.
Congress might perhaps have taxed the corporation
itself, by simply enacting that it should pay a tax equal
to 5 per cent upon the amount of all interest it had con¬
tracted to pay. An enactment thus worded would have
plainly suggested an intent to reach the corporation
itself, and would have presented a case very unlike
the actual one. For it is noticeable that not only did
the revenue law omit attempting to avoid the alien
bondholder, but expressly aimed a.blow at him, saying
to corporations just this: Whenever you have to pay
$100 interest to bondholders, whether citizens or aliens,
pay the Government $5, and deduct that if you choose;
if you do deduct it, the bondholder must take the $ 5,
and he shall have no cause of action against you unless
you have agreed otherwise with him.
The Court now
holds that this was idle legislation, being virtually an
income tax upon foreigners.
course
135
THE CHRONICLE.
1878.]
come
cases
at the hands of
to
light showing that
some
of the
which received favorable consideration
the Commission
fabrications,
never having any existence in fact.
One of these was
for the value of 1,914 bales of cotton which, it was
alleged, had found their way, unaccounted for, into
Mexican territory; for this an indemnity of $487,870
was allowed.
Another was a claim made by a certain
mining company, to whom, for alleged losses sustained,
was assigned $683,041 32.
Since the final judgment
of the Commission, the Mexican Government has paid
the instalments, as they fell due, with great punctuality,
and expresses its determination and willingness to go on
paying at the rate of $300,000 every year, until the
entire indemnity is paid off.
It is urged, however, in
the cases above mentioned, that, as both claims were
fraudulent, the entire indemnity should be lessened by
the amount of the sums assigned to each. The matter
has been brought before the United States Government.
We have nothing to say as to the justice or injustice
of the plea which the Mexican Government has made
and is still making in Washington. The evidence is not
before us.
If good and satisfactory, we have no doubt
at
were
all that it will receive attention.
pure
We have referred
chiefly because of the opportunity it
affords of re-asserting the importance of international
arbitration, and of commending the course Mexico
is taking.
The principle must be admitted, as yet, to
be, in a sense, only an experiment. In’ the making of
the experiment this country has taken a large and an
to> the
matter
active part,
interested.
This
and in its
Mexican
success we are,
therefore, deeply
complaint suggests one of the evils
which, if the experiment of arbitration is to succeed,
must be carefully guarded against.
Arbitration can
only prove a success if the decision is regarded as final,
and above and beyond appeal.
It is the duty of both
the parties who agree thus to submit their difficulties,
to put the Court in possession of all the evidence, and
refuse to go before it until they are satisfied with the
evidence which they have collected.
But when the
decision has been rendered, the case must be regarded as
settled. In the interests of fair play it is to be taken
MIXED COMMISSIONS AND A RBITRA TION.
for granted that all has been done that could be done;
Mu.h is expected of the international convention for and disappointment can not be found incompatible with
the codification of the law of nations, to be held at due submission and full obedience to the decrees of the
Frankfort, Germany, August 20th. The character of Court; nor should it find any encouragement to seek a
the representatives thus far appointed gives promise of reopening of the case.
Let the decision be final, and
let
it
be
so
understood.
Only
in this way will the Court
decided interest in their deliberations. No subject,
however, can come before the convention, of wider of Arbitration be able to accomplish all that is expected
This Mexican complaint would therefore be
interest than that of Arbitration for the settlement of of it.
international disputes. War is no longer a necessity received with disfavor, if urged as a right, for it seeks
to reopen a case which has been settled.
For this
among civilized nations.,. Had the Berlin Congress met
before Russia struck her first blow, there is no reason reason, as well as for others we mentioned at the time,
.why the results it has reached might not just as well we disapproved of the conduct of Congress when it
threw obstacles in the way of the payment of the
then have^been obtained and enforced.
We do not mean to say that in view
Our attention, however, has been called to this subject Halifax award.
of arbitration, by lately published facts growing out of fresh light it is inadmissible to make known the facts
of the settlement our Government made not long ago and to allow them to speak for themselves as Mexico
with Mexico.
It is now some years since the Mixed has done. She promptly pays the award, but protests
Commission, agreed upon by the Convention of 1868, against its injustice as subsequently developed. Every
sat and adjudicated the rival claims for indemnities pre¬ attempt made to resist a decision, or to force a re~
sented by citizens of the United States on the one hand opening and a reconsideration, weakens the principle.
and citizens of Mexico on the other. As the result of the But if there should, in any instance, be a gross and
deliberations of the* Commission, $4,125,622 were palpable wrong done, the Government benefited will
awarded to the United States claimants, and $154,498 desire, in justice to itself, to grant relief; better,
The Mexican claim, however, is it that the wrong should remain than that
were awarded to the Mexicans.
: as
originally presented, amounted to $86,500,000. It is the party suffering it should refuse to accept the
now urged by Mexico that since the adjudication, evi¬ result.
136
THE CHRONICLE.
RAILROAD EARNINGS IN
JANUARY 1
JULY,\ AND FROM
TO JULY 31.
The reports
of earnings for July
ingly well with the same month of last
exceed¬
but it is to
be remembered that the. great railroad strikes occurred
in the latter part of July, 1877. The
comparison is,
therefore, not
a
month business
strikes
them
ence
on
was
many
more
fair
was
in the fourth week of the
one, as
almost
entirely stopped by the
of the prominent roads, and on all of
or less checked
by the extended influ¬
of the ricrts and disorder.
principal points in regard to railroad traffic
of late have been the continuous
reports of injury to the
grain crop in northwestern states, and the progress of
harmony between the trunk line managers, attended by
a material advance in the rates for East-bound
freight.
There appears to be a settled determination on the
part
of the trunk line officers, led by Mr.
Vanderbilt, to avoid
further disagreements and to place business upon a basis
which shall give fair compensation to all. The
only
important differences yet unadjusted are on the question
of live stock rates from St. Louis, and these will
prob¬
ably be settled at a conference to be shortly held at
Saratoga.
As to the actual damage done to the wheat
crop, there
is no possibility of getting at the truth—and
this, from
the very nature of the case, is more difficult as to
the probable loss of tonnage than as to the deterioration
in the
quality of the grain. There may be great injury
to a
crop,‘resulting almost entirely in a lowering of the
quality of the grain, but which does not go so far as
to lead farmers to abandon their
standing fields and
never attempt to thresh.
On the other hand, it must be
^conceded that if grain is very badly damaged, it would
be fed out to stock, or if sent to market, could
only be
sent at very low prices for
transportation. The public,
however, are inclined to act upon the general experience
cases
out of ten
reports of immense damage
to a crop,
by a week or ten days of rainy weather, are
greatly exaggerated. This is the case in regard to
cotton, and also
as to
wheat
or corn;
and the circum¬
stances are not at all
*
analogous to those existing where
.the reports come for a long period of time, and relate to
continuous bad weather throughout a great
part of the
The reports of damage to crops are
reason.
necessarily
all estimates; the common statements of one-fourth or
one-third decrease in a particular crop is simply a
guess
that such will be the result. A definite compilation of
the acreage of wheat planted in Minnesota, this year as
compared with last, has been made by Mr. Jacobson, the
Assistant Secretary of State, and is about the only infor¬
mation in the realm of actual statistics which has lately
come to our notice, on the
important question of the
probable yield* of grain in that section. The returns are
made by counties, which he places in three separate
groups, namely: old counties, new counties and grasshopper counties. The gain in acreage is 26 per cent in
the old counties, 34 per cent in the new
counties, and
176 per cent in the grasshopper counties. The
following
is a recapitulation of the
acreage of wheat planted in
1877 and 1878:
Increased
1877.
Thirty-four old counties
Seventeen
new
counties
Seven grasshopper counties
Total
acres.
“
“
823,101
126,126.
27,317
;
June
The
at
gain over last year for the first two months
$370,000, June not being made up.
The Kansas Pacific
ings,
as made
months ending
986,514
1678.
1,048,497
176,254
75,583
acreage.
215,393
50,128
48,266
1,300,331
813,790
Among the irregular reports of earnings not in shape
to be placed in the tables below, we have the
following
for the first three months of the fiscal
year of Chicago
<& Bock Island:
earnings,
in rut
1873.
$710,*028
762,937
568,217
earnings is reported
and net
expenses
June 30, 1878,
FIRST DIVISION
are as
(FEBRUARY
follows:
AND AUGUST
BONDS.)
Gross
earnings
Operating expenses
Net
$660,993
324,757
earnings
•
...
8EOOND DIVISION
(JUNE
•
«
r»
..
AND DECEMBER
$336,235
BONDS.)
earnings
Operating expenses
$443,641
338,470
Net earnings
THIRD
earn¬
by mortgage divisions, for the six
up
$105,171
DIVISION
(DENVER
EXTENSION
BONDS.)
Gross earnings
Operating expenses
$244,655
334,764
Deficit
$90,109
GROSS EARNINGS IN JULY.
Atchison Top ka & Santa Fe.
Burl. Cedar Rapids & Northern
Central Pacific
Chicago <fc Alton
Chicago Milwauxee & St. P....
Clev. Mt. Ver. <fc Del.& brchs*
Denver & Rio Grande
Grand Trunk of Canadat
Great Western of Canada^ ...
Illinois Central (mainline)....
do
(Iowa leased lines).
Indianapolis Bl. & Western...
International & Gt. Northern*
Kansas Pacific
Missouri Kansas & Texas
Pad. & Elizabethtown*.......
Pad & Memphis*
'.......
St. L uls Alt. & T.H. (br’chs).
St. L* uis Iron Mt. & Sjuth’n
St. Louis Kansa< C. & No th..
Toledo Peoria A Warsaw.....
Wabash
..
Total
Net increase
1878.
1877.
$330,003
Inc.
$1*7,142
95.007
73.309
1,517,0C0
435,256
1,391,867
305,923
643,000
21,698
125,133
229,3*8
555.610
19,797
92,390
19,761
36
74,276
647,313
293,559
381.373
47,224
121,5)0
530,931
82S,479
460,693
106,053
81,597
68,229
66,352
79,325
13,345
84,725
61,642
29!,6U
2*4,382
253,125
16,823
10,919
32,141
277,32)
193,9'4
74,359
13,032
$
29,920
92,713
219,926
Dec.
$112,853
3,871
3,413
17,272
83,lw9
1,294
10,273
83,446
290,243
237,879
91,974
374,592
300,027
74,565
$6,357,558
$5,607,244
$353,924
646
1,305
1?
-p
r
*•» •
12,929
43,903
-T
-T
-
-
17.615
750,314
$108,610
•
Three weeks only of
July In each year,
t For the four weeks eadca July 27.
X For the four weeks ended Ju y 26.
GROSS EARNINGS FROM JANUARY 1 TO JULY 31.
1378.
Atchison
1877.
Topeka A Santa Fe.. $1,828 383
$1,223,813
883,538
501,958
9,2i0,572
2,337,670
3,513.7*.2
Burlingt’n C. Rap.& Northern.
Central Pacific
9 400,363
Chicago & Alton
Chicago Mil. & St. Paul
2,439,151
C;ev. Mt. Ver. A Del. A brchs*
Denver & Rio Grande
Grand Trunkt
Great Western*
Illinois Cent, (main line)
do
(la. leased lines).
Indi-map. Bloom. A Western..
Internationtl & Gt. Northern*
Kansas Pacific
Missouri Kansas & Texas
Paducah & Memnhis*
St. Louis Alt. & T. H. (br’chs).
St. Louis Iron Mt. & South’n..
St. Loui Kansas C. & North..
Toledo Peoria & Warsaw
Wabash
Total..
Net Increase
.
4,905,009
200,058
Inc.
559,120
101,4*1
380,413
4,974,240
2,293 3)1
2,556,123
2,912,369
854,825
$
1,391,238
205,641
4,931,158
2,530,079
Dec.
$604,570
336,58)
169,791
•
692,085
664,122
721.990
1,620,417
1,684,058
110,670
97 229
236,709
2,159.466
1,747 774
270,632
2,203,461
1,604,844
142.930
703.016
572.863
2,561,982
132,154
2,359,097
202,885
$43,550,316 $39,714,371
$4,236,484
•
•
•
•
•
43,082
236,633
355,246
162,739
83,782
701,904
641,906
1,789,159
1,475,686
-
•
5,583
178,707
‘
tr
*
%
»
80,084
•
118,752
2)3,372
13.441
13,923
49,995
3,685.945
$401,039
* Three weeks
only of July in each year.
t From January 1 to July 27.
* From January 1 to July 26.
The earnings of the Springfield Division of the Illinois Central Railroad
are not included in the figures
given in the tables above. They were $23,106
in July 1878, Mid $111,477 from January 1 to July
31, 1873.
Earnings of the Dubuque & Sioux City Railroad daring July, and for the
seven months ending
Jaiy 31, were a9 folovg; these figures are included in
those of the Iowa leased lines given above: July, $66,311
in 1878 and $57,091
in 1877; January 1 to July 31, $552,571 in 1878 and $421,84) in 1877.
The following companies have but recently reported their earnings for June.
GROSS EARNINGS IK JUNE.
1878.
Atlantic Mississippi & Ohio...
Atlantic & Great Western.
Cairo & St. Louis
..
Chicago Burlington & Quincy.
Chicago R. I. & Pacific
Dakota Southern
Mobile & Ohio
NashvilleChatt. & St. Louis..
Paducah & Elizabethtown
Philadelphia & Reading
Philadelphia & Erie
St. Louis A S. E.~St. L. div...
do
Ken. div....
do
Tenn.div..
St. Paul & Sioux City
8ioux City & St. Paul
Southern Minnesota
Total
NTotinrrAftBP
acres
.
Gross
The two
that in nine
18*7.
$ 615,177
574,172
536,23 1
,
„
A pril
May
compare
year,
[Vol. XXVII
1877.
$120,094
$128,009
801,256
18,169
897,090
568,217
17,386
312,828
19,984
Increase. Decrease.
$
$7,915
11,57*2
1,824
*
957,734
60,644
31,932
21.934
535,235
17,692
83,949
117,439
21,636
1,498,658
1,199,518
219,024
48,104
26,975
299,110
250,705
43,103
24.443
11,697
90.311
91,833
13,284
3)6
1,392
25,605
298
2 532
1,587
46,734
29,954
40,443
53,624
35,781
6,292
8,504
17,843
$4,062,658
$3,827,645
$374,571
21.450
235.023
GROSS EARNINGS FROM JANUARY
Atlantic Mississippi
Cairo & St. Louis
& Ohio...
103,357
Chicago Burlington & Quincy.
Dakota Southern
Mobile & Ohio
$761,810
;.
Nashville Chatt, & St. Louis.
*
$139,518
I TO JUN« 30.
1877.
1878.
*31,681
5.001
$756,113
Increase. Decrease.
$5,692
123,741
6,417,791
103,730
936,434
5,472,048
821,973
810,994
83,416
826,849
945.743
$
20,384
20,314
109, 85
10,979
Is ••••
August
Philadelphia & Reading
Philadelphia & Erie
St. Louis & 8. JB.—St. L. dlv...
Ken. div...
Teau. div..
do
do
Increase.
1878.
1877.
5,670,426
1,261,652
287,523
161,076
6,393,493
1,339.864
275,744
141,643
70,118
207,740
113,528
119,5 W
173,00)
207,833
82,10)
235,113
179,764
194,354
St. Paul <fc Sioux City
Sioux City & St Paul
St. Paul& Pac., St. P. to S.Rap.
Sr. Paul & Pac, main line.....
Southern Minnesota
313.251
373,983
$17,954,3)2 $17,155,672
Total
.?
11,784
19,433
'
Gross earnings
Expenses, inch extraordin’y.
.
•
•
•
\
i-i OD -)
Gross
$1,660,343
$871,663
/—Jan. 1 to June 30.—»
1377.
1878.
573,522
Expenses
$263,398
Netearning3
Clev.Mt. Ver. & Del.and Brchs—
Gross earniDgs
Operating expenses
$7 3.531
551,548
$69,357
58,76S
$233,983
$10,589
$390,353
$756,1:8
577,120
$178,998
$423,649
341,69)
$86,956
$6,417,791
3,751,631
$2,666,160
$5,472,043
3,296,122
$2,175,526
*
.
•
.
$17,336
$17,692
$103,730
56,280
$83,416
C Vinc’t.N*
12,142
2,793
$47,450
$
$37,336
$24,8)4
$437,620
27.,779
$165,841
earnings
Expenses
Net earnings
Missouri Kansas & Texas—
earnings
Oper. expenses and renewals
Net earnings
Net earnings....
Paducah & Memphis—
Gross earnings
Operating expenses
m
m
m
a
•
•
•
•
•
•
•
•
•
•
Chmprn,NY
$
$-308,137
167,829
$138,30S
Chicago, Ill.
Corpus Chris
Cuyahoga, O
•
•
•
165,116
....
71,989
6,616
6,759
Delaware, D
Detroit, M’h
Duluth, Min
69,179
4,808
Dunkirk NY
507
•
•
$1,430,933
F. Riv. Mass
151,655
911,739
Fernandina.
452
14,150
$16,658
$103,458
$168,946
$519,194
F. Bay, Me.
Galvest’n, T
1.6)3
245,36)
Genesee.NY
17,798
$91,833
$117,439
Gcorge’n.DC
George’n.S C
Glou’ter, Ms
42,414
4,308
77.963
$810,994
4)8,068
412
76,174
$r21,973
547,208
$15,659
$39,476
$274,765
$312,926
GtEHar, NJ
Huron, Mich
Kennebk.Me
Key West, F
L E Har, NJ
Machias, Me
Mar’head, M
Miami, Ohio
Mic’gan, Mh
M’town, Ct.
Milwauk, W
Min’sota, M.
EastDist,Md
.
Edgart’n,Ms
.i.
374
11,171
•
45,276
•5
...
•
•
47,396
52,791
12
225
106
15
2,391
m
$24,443
$161,076
20,547
136,676
$141,613
127,838
$2,318
$3,893
$24,4)0
$13,805
$13,284
$11,607
10,719
9,829
$32,103
60,698
$7,118
61,789
$2,555
$1,868
$-21,402
$3,329
earnings
Operating expenses
$46,734
$40,412
$285,113
$207,740
30,743
23,237
175,819
161,663
Excess of exports over imports
Excess of imports over exports
Gold & Silver {coin <fe bullion).
Neteaming8....
Sionx City & St. Paul—
Gross earnings.
Operating expenses
$15,092
$14,205
$109,294
$46,672
Exports—Domestic
Foreign
$29,954
$21,450
24,355
19,992
$179,764
131,314
$113,528
102,478
$5,593
$1,453
$48,450
$11,050
$53,624
$35,781
Wabash
$44,621
—
earnings
Expenses
‘-•ross
$3)0,572
$353,847
276,109
261,309
$2,187,390
1.674,237
$2,059,070
1,630,957
Net
The
earnings
$244,4 3
$92,538
$513,153
$428,113
following May figures have but recently come to hand:
Jan. 1 to May 31.-.
May.
,
.
Grand Rapids & Indiana—
Gross earnings
Expenses
Net earnings
*
1878.
1877.
1878.
$110,255
*149,199
$93,483
$478,010
GO,263
4V2.551
def. $33,914
$33,215
$55,459
Includes $37,S26 spent for iron and steel rails, cross-ties, &c.
•
•
•
•
•
»
•
•
•
•
....
•
•
•
•
•
•
•
•
•
•
•
895
33.169
....
....
760
1,671
19,015
5,588
19,605
232,409
5,025
193
100
..
....
....
64,110
12,400
.
....
.
....
.
.
.
•
St.Mark’s, F.
....
....
.
.
..
....
....
f
.
.
914
928.263
46,102
....
..
•
•
St.Mary’s, Ga
Stoninglon Ct
5,600
....
>
....
3,43 7
•
•
49,901
....
'765
Teche, La
Vermont, Vt.
..
129,882
238,340
Vicksb’g Miss
Wal’boro, Me
....
600
....
Willamette.O.
Wilm’ton, NC
52,333
174,243
34,078
4,800
.
-
•
•
•
•
•
1,067
....
.
.
.
.
47,344
•
-
•
•
....
•
•
.
.
•
•
*
•
....
.
Superior,Mich
Tap1 nock, Va
Wiscasset, Me
73,550 46,340 York, Me...
104,564 4,400 Yorktown, Va
....
....
2*, 409
•
....
....
....
....
20,454
....
1,680
2, >.99
Saluria, Tex..
San Diego, Cal
15,682
1,109
Sandusky, O.
S. Francisco,C 2,789,777
Savannah, Ga
S. Oregon, Or
105 St.Aug’tine.F
St.John s, F..
.
....
.
$23,975
24,627
$214,183
•
....
77,098
59,376
•
220
156,335
11,745
$55,490
58,654
Plymouth, Ms
....
.
$58,4)9
$6,076
.
•
....
....
$4,743
$28,645
•
....
544,297
$10,559
earnings
0-
....
....
•
220,254
Net
„
5,165
229,119
163,232
•
...
37,545
$207,853
•
•
....
....
$2*5,741
159,797
•
31
$237,528
$373,983
•
•
•
•
Salem, Maes..
....
$43,103
38,360
*,705
•
•
....
•
Providence. RI
2,078 Pt. Sound, WT
2,094
$48,104
2
•
.
168
T
40
646
Erie, Pa
Fairfield, Ct
$301,452
24,979
•
....
....
$665,120
Expenses, inch taxes, &c....
•
.
....
....
$109,220
Net earnings
•
•
1,668 44,391 Richmond, Va
16
Saco, Me...
S. Harbor, NY
$71,194
Southern Minnesota—
Gross earnings
•»
....
129,60i
$1,932,141
1,130,689
Gross
•
•
4,154 Portland, Me..
Po’moutu, NH
164,7c0
$1,869,217
1,204,0)7
Net earnings
St. Paul & Sioux City—
•
....
311,938
31,818
$274,164
164,944
St. L.& South’st.—Tenn.Dlv.—
Gross eaminrs
Operating expenses
•
....
1,001
*
$1,255,760
l,086,8i4
-
72,056
736
807
....
-
$254,749
183,555
Net earnings
.
•
•
$332,185
Gross earuings
Operating expenses
•
•
.
$317,322
earnings
-
•
•
•
....
$258,12)
St. L. & Southeast.—Ky.Div.—
•
•
•
...»
....
$207,514
190,855
1,007,679
•
•
•
....
$61,728
Net
•
•
•
....
$36,742
Net earnings
Newark, NJ..
N Bedford, Ms
•
.
...
....
•
.
.
-
....
.
34,582
.
.
$1,339,864
St. L.&Southeast.—St.L.Div.—
Gross earnicgs
Operating expenses
Nantucket,Ms
Natchez, Miss
•
143,109
169,408
1, !62
23,165
Mobile, Ala...
Montana, &c..
....
•
$511,562
$22,353
•
)
•
$1,261,652
943,8)0
Gross earnings
Operat. and general expenses
•
,
6.102
120,429
47,208
6,679
London, Ct
666,758 3,323,197 4,741
Orleans, La
Newport, R.I.
New York,NY 22.894,032 26,876,986 797,562
79,903
3.6v9 21,682:
159.545
2,191
Niagara, N.Y.
148,809
1,117
3,910,999 60,500 Norfolk, Va..
86
314,288
91,774 47,459 Oregon. Or...
562
39,592
72,940
O’gatchie, NY
40
130,284
2(2,694
Oswego, NY..
1,538
Pamlico, NC..
44,750
P del Norte, T
12,6;5
13,502
26123,940
77,062
P’quoddy, Me
P. River, Miss
48,219
8,149
960
98,958
4,394
Pensacola, F..
434
3,996
182,521 1,150 P. Amboy, NJ.
179,195
Petersburg,Va
Philadelphia.. 2,232,885 3,333,349
$379,921
$21,445
•
Expo rts.
,
N
N
$99,401
$5,292
....
•
$21,291
$84,310
63,957
of mer¬
Imports. Domestic For’n.
$
$•
$
Customs
Districts.
6,929 Nburyport,Ms
Nw Haven, Ct
8,264
$1,346,045
804,48)
$100,397
78,952
.
•
$1,417,525
1.067,604
$12,511
7,319
.
....
$250,705
188,977
Net earnings
St. Louis Iron Mt. & South.—
$89,231
®
$219,024
182,252
earnings
Operating expenses
$137,258
r
....
Charletn, SC
Ch’stone, Va
Philadelphia & Erie—
Gross
$10,181
•
$2)3,652
154,251
$32
$8,S59
....
$235,073
213,782
$14,329
14,297
earnings
.....
Castine, Me.
Nashville Chatt. & St. Louis—
incl. taxes...
Bridget’nN 1
Burl’ton, NJ
!
$57,502
32,698
$536,451
498,220-
/—Expo rts.—
^
^
..
$32,012
$90,350
52,964
$508,937
371,679
Dom’tic For’n
$
$
5,617
..
$25,230
Kaneas Pacific.—
Net
•
^
Bath. Me.
1,282
Beai.fort,NC
Beaufort, SC
Belfast, Me.
Boston, Ms.. 3,642,194
85,635
Brazos, Tex
$2,337
earnings
Gross earnings
Oper. expenses,
Bangor, Me.
Br’l&W’nRI
Brunsw’kGa
Buff Crk.NY
Gross earnings
Expenses
Gross
Alaska, A.T.
Al’mrle, NC.
Al’xdria.Va.
An’polis, Md
Ap’chcola, F
Aroost’k,Me
153,868
—i. v*
$32,629
72,443
Baltimore.. 1,283,280 2,985,801
Denver & Rio Grande —
Gross
Imports
$
def. $3,483
earnings
Net
Customs
Districts.
$185,830
1
$31,705
74.846
imported into, and exported from, the United States
during the month of June, 1878:
154,031
i
£154,291
Statement, by Customs Districts, showing the values
$180,261
1
£167,466
chandise
$35,416
34,079
Dakota Southern —
Gross earnings.
Operating expenses
£14.09-2
Net earnings
33,913
$29,430
Net earnings
Net
$188,288
$22,076
$957,734
567,376
£31,777
-
IMPORTS AND EXPORTS FOR JUNE\ 1878.
June 30, of all the
105,933
6:3.692
£736,074
581,783
783.6)0
$128,009
$397,0)0
1877.
1878.
£750,253
582,797
earnings
B’stable, M’s
Gross earnings
.—Jan. 1 to May 81 .-v
£1*3,303
109,216
Expenses
165,130
91,977
$17,151
Net earnings
Chicago Burlingt’n & Quincy—
»
1877.
£:4!,923
105,146
Net earning
74,8)1
$12),094
$101,015
83,864
Operating exp’ses and taxes.
Grand Trunk of CanadaGross earnings
International & Gt. Northern
140.261
$761,810
$28,117
Net earnings
1878.
11.982
‘
Burl. Cedar Rapids & North.—
Gross earnings
-May.
,
Expenses
77,V73
65,236
earnings for the month of June, and from January 1 to
roads that will furnish statements for publication:
r*
—Ju oe.
Atlantic Mississippi & Ohio—
•
operating expenses and net
The statement below gives the gross earning,
1878.
•
EARNINGS.
GROSS EARNINGS, EXPENSES AND NET
-
Decrease.
723,067
128,2:2
Net
■
137
THE CHRONICLE.
10* 1878.]
751
•
•
....
••
•
...
...
....
•
•
•
•
•
•
•
»
•
•
•
*
•
•
•
•
•
•
•
«-
•
•
•
•
....
•
•
•
»
•
•
j
»
....
•
•
• •
following are the totals for the month of June:
Imports...$35,506,289 1 Domestic exports.$45,938,141 j Foreign exp’ts.$l,lll,592
Specie value of domestic exports, $45,633,614.
The
Comparative statement of the imports and exports of the
United States for the month ended. June 30, 187S, and for the
twelve months ended the same, compared with like data for
the corresponding periods of the year immediately preceding:
specie values.—Corrected to August 1, 1878,
1878.
>
1877.
*.
Month
12 Mos.
Month
12 Mos.
r-
,
'
Merchandise.
Exports—Domestic
Foreign.
Total..
Imports
Total
Imports
Excess of exports over imports
Excess of imports over exports
Total Merchandise and Specie.
Exports-Domestic
Foreign
Total
Imports
Excess of exports over imports
Excess of imports over exports
of
ended
of
ended
June.
June 30.
June
June 30.
$45,633,614 $630,633,798 $42,0)0,617 $589,670,224
1,111,592 14,20 >,402 s 899,302 12,804.99a
$46,745,283$694,881,200 $12,891,919 $602,475,220
35,506,239 437,051,533
47,625.604 451,323,128
$11,238,997 $257,832,657
$151,152,094
$
4,725,635
$2,563,624 $27,054,935
938,6)4
6,678,240
$5,519,630 $13,134,7-38
1,368,133 13,027,499
$3,502,228 $33,7-33.225
$6,917,768 $56,162,237
1,456,055
29,821,313
$2,016,173
$3,911,912
1,546.505
40,774,414
$5,371,262 $15,337,823
*
$48,197,318 $707,73*,733 $47,550,247 $632,804,962
2,050,196
20,878,642
2,267,440
25,832,495
$50,247,514 $728,617,425 $49,817,637 $658,637,457
466,372,845
49,172,110 4)2,097,510
$13,285,170 $261,714,579
$645,577 $166,539,917
35,962,341
Fittsburg Titusville & Buffalo,—This railroad company
gives notice that the present earnings of the company do not
$4)0,383 justify the payment of the interest falling due on the consoli¬
305,141 dated 7 per cent mortgage bonds of the company on 1st AugUBt,
nor those falling due February 1, 1879.
They will issue scrip for
$125,742 the
same, bearing interest of 6 per cent, paying the same semi¬
annually.
1877.
•
138
THE
CHRONICLE.
fV0L. XXVll.
—
|$to uctanjf (fbmmevcial guglislt 3£eurs
RITES OF EXCHANGE AT LONDON AND ON
LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
JULY 27.
TIME.
BATE.
supply of mercantile paper is still very limited, but the
money market is still firm in tone, and very little accommodation
is obtainable under 3
per cent.
here, it is understood that
French account.
The
DATE.
TIME.
RATE.
short.
..
Hamburg
Frankfort
25.11X3125.21X
3 months. *0.55
(i
<0.55
ifc
20.55
....
4*
Antwerp
Amsterdam.
short.
Amsterdam.
3 months.
*4 C
Vienna
tt
Genoa
14
St. Petersburg.
25.32%@25.S7X
12.0% @12.1%
..
12.3% @12.4
..
Constantinople
@20.60
@20 6)
@20.60
11.80
short.
t.
44
3
4 4
25%@25%
Madrid
3 months. 47 7-1*6@47 9-16
44
Cadiz
47%@47%
Lisbon
90 days. 5115-16@521-16
New York
Rio de Janeiio.
30 days.
Bombay
Is. 8 3—16cf.
44
Calcutta
Is. 8 3—16c?.
....
....
.
....
44
44
14
July 26.
•
•
•
.
.
12.05
.
.....
4
44
25 11-16
103*75
4
44
...
.
....
July 26.
60 days.
90 days.
6 mos.
June 24.
July 25.
“
.
#
....
.
3 mos
statement
a
our own
2%
showing the
1574.
correspond ent-1
London, Saturday, July 27, 1878.
The money market has been firm in
tone, but there has been
increase in the demand for
money for mercantile purposes.
return published this week shows a decrease
under the
head of “other securities” of
£1,456,432, and, consequently, the
Bank of England must have
no
The Bank
experienced
considerably dimin¬
ished inquiry for accommodation.
Capitalists believe, however,
that at some future date,
probably in the early autumn, the
requirements of commerce will he much larger; and
they now
desire to lend only for short
periods, so as to have their money
a
\*ell under control.
Their belief in a better
money market may
be gathered from tho fact that the
banks and discount houses
have increased their allowance of interest for
of £
extent
coin
1875.
cent; but there are many persons who are of
dearer money market is not altogether so certain.
per
sources.
probabilities
are
that the autumn
season
will
commence
weak
Bank eccouut, and should there be a
genuine
revival of commerce and of financial
enterprise, money must cer¬
a
tainly rise in price.
The tendency to improvement has
already
had its effect upon the Stock
Exchange. Speculation in securi¬
ties has for
some weeks
past been restricted, which is due, in a
great measure, to the fact that bankers are
affording fewer
facilities. It will, however, be a better
1876.
1877.
1878.
10,773,293
15,384,227
19,723,285
13,569,230
9,437,552
departments
22,478,318
Proportion cf reserve
26,608,672
33,037,926
27,029,505
22,190,992
Coin
and
bullion
in
both
...
liabilities
Bank-rate
Consols
to
57*58
3 p. c.
V
47*03
2 p. c.
37*41
2# p. c.
94%
2 p. c.
60s. 5d.
47s. 5d.
48s. 2d.
8%d.
63s. Od.
6 15-16d.
44s. 5d.
8%d.
6%d.
6%d.
quality
Is. 0%d.
lid.
10%d.
Clearing House return. 89,556,000 83,523,C09 81,058,100
Annexed are the current rates of discount
81,946,000
92%
English wheat,av.price
Mia. Upland cotton...
No. 40’s mule twist,fair
96%
foreign markets
3%
n. c.
94%
2d
95#
'10%d.
at
the
90,486,000
principal
:
Bank
Open
rate.
mark’t.
deposits to The
cent, which is ten per cent below that of last
year.
Gold contin¬
ues to be taken in moderate
quantities for exportation, and there
seems to be but little
hope of improvement from external
with
present position of the
£
£
£
£ '
£
bank post bills
27,071,025 28,600.789 28,6*4,004 28,748.320 28.070,959
Public deposits
3,320,647
3,590,209
4,882,161
4,901,907
3,567,759
Other deposits
19,307,919 26,59 >.114 28,960,784 23,679,‘>‘>7
21,339,125
Government securities. 13,627,072 14,026.626
15,405,97?
14,989,081
16,274,593
Other securities
16,553,948 18,712,808 17,011,403 18,179,006
17,432,464
Reserve of notes and
p. c.
2
Puns
Brussels
opinion that a
Amsterdam
There can scarcely.be,
however, any doubt that the Bank is not Berlin
Hamburg
likely to acquire that strength which is peculiar to the summer Frankfort
months. The proportion of reserve to liabilities is now
Leipzig
37 41 per Genoa
The
2%
2%
Circulation, including
LFrom
2%
England, the Bank rate of discount, the price of Consols,
English wheat, the price of Middling
Upland cotton, of No. 40’s Mule twist, fair second quality, and
the Bankers’ Clearing House
return, compared with the four
previous years:
24%
4*
Per cent.
.*....*,
the average-quotation for
Is.
Is. 8%d.
3*. 10% <2.
5s. 3%d.
97
44
3
@3% 1
@3>ii
Bank of
.
4.83
44
44
Annexed is
48*45
....
3
per cent.
3 @3%
6 months’bank bills
3 @3%
4 and 6 months’ trade bills. 3
@4
Joint-stocK banks
Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
115.60'
27.00
3 mos.
•
Alexandria....
.
3 mos.
July 24.
...
L
short.
July 23.
July 12.
the present quotations
are
The rates of interest allowed
by the joint-stock banks and
discount houses for deposits are
subjoined:
25.17%
44
.
I
-
3 months’bills
20.35
20.35
mos.
short.
44
...
20.35
demand for bills
more
Open-market rates:
3X1' 4 months’ bank bills
Open-market rates:
30 and 60days’ bills
25.13%
44
27.57% @27.62%
t...
Hong Kong...
8banghai...
July 28.
....
@11.S5
following
Fer cent. I
Bank rate
Paris
Berlin
Since the rates have improved
there has been
for money:
LATEST
ON—
The
on
EXCHANGE ON LONDON.
-
3%
3%
.-
4
4
...
Geneva
4
4
p. c.
1%
Vienna and Trieste...
3
3 % @3%
2 ^@3
2%
2%
3
Calcutta
4%
4
3%@4
4% 4%@4%
Madrid,Cadiz and Barcelona
Lisbon and Oporto....
St. Petersburg
New York
5
Bank Open
rate, mark’t.
p. c.
p. c.
6
6
6
...
3@4
4
Copenhagen
6@7
6@?
4% @5
....
....
4%@5 4%@5
The
imports of gold during the week have been very limited
and, owing to an increased export demand, supplies have been
daily taken from the Bank. It is stated that the export
inquiry
is likely to increase.
The silver market has been rather firmer,
and fine bars
are
now
quoted at 52 ll-16d.
Mexican
per ounce.
dollars have realized 52d. per ounce.
The market for Indian exchange has been somewhat
steadier,
but there has been no material alteration in the
quotations. The
council bills on Wednesday were
disposed of at Is. 8£d. the
thing for the country for rupee.
surplus money to be employed in trade; but
On the Stock
although the
Exchange, business has been kept in check by the
Eastern difficulty has been
arranged, merchants are still slow to increasing firmness of the money market. Throughout the w:ek
depart from their policy of cautious trading. This week a
the tone has been rather dull, and
por¬
prices have been steadily
tion of the French and Italian
press has been writing fiercely declining.
Several new companies, for home and colonial
about the Treaty of Berlin, and has been
calling attention to the purposes, have been introduced to public notice during the week,
fact that whereas Russia,
England and Austria have been and it is expected that the introduction of the new Russian loan
gainers, neither France nor Italy has been granted
anything. will not be loDg delayed. It is quite possible that the introduc¬
M. Gambetta’s speech has
had, however, a good effect. Prosper¬ tion of new loans and new companies will be rapid, as there is
ous as France seems to
be, there are yet sources of trouble in that an impression that after so long a period of
inaction, there are
country. Taxation is heavy, owing to the serious losses of the several which promoters desire to
bring forward. Some difficulty
late war with Germany, and
repose is necessary in order to lighten is likely, however, to be experienced in
floating new undertakings.
it.
Italy seems somewhat to be pitied. Her marvellous successes
Annexed are the closing prices of Consols and the
principal
have, however, fostered a too ambitious spirit, and it would be American securities at
to-day’s market, compared with those of
better for her future if, instead of
spending more than she can Saturday last:
afford in building large
ironclads and purchasing heavy guns,
Redm.
July 27.
July 20.
she improved her
95^(a95V
95^ra 95 U
harbors, and freed the country of itB banditti. rinnsnls
United States 6s
109 '@110“
109 ’@110"
Each nation in
Do
5-20s
Europe has now plenty to do either in the way of
103 @105
104 @105
its
reform
means
or
to
restoration
devoting its attention
armaments.
sacrifices have been
to effect
without
Daring the last twelve
made, and it will take many
and
years,
years
its
heavy
of peace
complete re-establichment. Under all
circumstances,
we must not
perhaps expect a rapid revival of trade. The cau¬
tious policy which has for so
long been adopted, has not been
without its advantages; but it has been
very hurtful to those
who require much credit or discount
accommodation.
The
a
weather is
still
favorable for the
growing crops, the price of
money—though its future is uncertain—is still low, and
goods
are
cheap. There should be, therefore, an improved autumn
trade.
Do
Do
Do
Do
Do
1867, 6s
funded, 5s....
.1887
10-408, 5s
.1904
funded, 4%s
.
.
Do
68
Massachusetts5s
Do
Do
Do
Do
Do
..1838
5s
5s
5s
5s
5s
1894
:
Virginia stock 5s
Do
Do
18)1
4s
.1900
.1889
.1891
.1895
6s
New funded 6s.
107%@108%
108%@!09.
Ill
@112
106% @107%
102 @104
42
@ 52
42 @ 52
106 @108
108 @110
107 @109
106 @108
1C6 @108
107 @109
28 @ 3:
25 @ 30
57 @ 59
10?%@108%
108%@108%
:io%@mv,
106%@107
102
10S
107
1C6
106
107
28
25
57
@104
@ 52
@ 52
@108
@110
@109
@108
@108
@103
@ 32
@ 30
@ 59
99
@101
42
42
106
AMERICAN DOLLAR BOND3 AND SHARES.
Albany & Susquehanna cons. mort. 7s. Nos.501
to 1,500, inclusive, guar, by Del.&Hud.Canal,..1906
99
@101
*
July !17.
Redm.
© 30
70 © 10J4
5%© 6 %
2d mort., $1.000,7s..1902
3d mort., $1,000..1902
1st mort. Trustees1 certificates....
do
2d
do
3d
do
do
29 ©.
10 ©
5 %©
30 ©
30 @
90 ©
....
....
Atlantic Mississippi & Ohio, Con. mort, 7s
1905
do
Committee of Bondholders’ctfs
Baltimore & Potomac (Main Line) 1st mort, 6s. 1911
'do
(Tunnel) 1st mortgage. 6s.
.
88
(guar, by Pennsylvania & No. CentRailways). 1911
Burl. Cedar Rap. & No. RR. of Iowa, 1st mort
Central of New Jersey ehares
Do
cons. mort.. 7s
1899
Do
ex funded coops, from April 1.1817,
'
to
July 1, 1879. inclusive
1896
Central Pacific of California, 1st mort., 6s
DoCalifor.& Oregon Div.lst mort,gld.bds,6s.1892
Do Land errant bonds, 6s.
1890
Chicago Burl.& Quincy sinking fund bonds, 5s
Detroit & Milwaukee 1st mortgage, 7s
Do
2d mortgage, 8s
...
70
36
90
©
©
@
©
31
U
5%©
90
88
75
6S
40
92
©
©
©
©
45
© 50
© 50
©105
78
76
108
94
98
95
102
©
@109
45
© 50
© 50
45
© 97
©100
© 97
©104
Wed.
Thur.
94 13-16
95 1-16
95
93
Fri.
94 15-16
95 3-16
106%
95%
106%
106%
.111*
111
111
111
111
108%
103%
106%
108%
106%
107%
106%
94%
-108*
H
.107
106%
Liverpool Cotton Market.—See special report of cotton.
© 92
90
70
41
91
Tues.
106%
6%
© 30
© 30
:
94 11-16
..107
..
w%
© 29
© 12
28
28
90
33
92
.
94%
Mon.
sat.
© 28
© icy*
5%©
27
10
•
W
© 76
mod
© 97
©100
© 98
45
26
10
32
32
92
74
108
94
93
96
103
1815
.1875
2\
July
28
Atlantic & Great Western 1st M., $1,000, 7s...1902
Do
Do
Do
Do
Do
139
THE CHRONICLE
10, 1878.]
August
Liverpool Breadstu^s Market.—
s.
Flour (extra State)
#bbl 25
Wheat (R. W. spring).# ctl 8
Tuefl.
s.
d.
Mon.
Sat.
-
d,
d
s.
25
9
0
:
10
J
(Red winter)....
“96
(Av. Cal. white).. “ 10 0
“
(C. White club)... “ 10 3
Jorn (new W. mix.) # quar. 22 6
?eas (Canadian) # quarter. 33 6
«
9
o
10
10
22
“
.
“
R
33
Thar.
d.
8.
d.
6
0
25
0
25
9
6
2
5
9
6
10
10
2
5
9
10
10
9
22
y
22
9
6
33
6
33
6
6
.
Wed.
8.
9
Fri.
d.
8.
6
0
6
25
9
2
10
10
22
33
5
9
6
0
6
2
5
9
9
Liverpool Provisions Market.—
Tues.
Mon.
Sat.
The weather has continued favorable for the
Thur.
Wed.
Fri.
growing crops.
s. d.
s. d.
d.
s. d.
s.
8.
d.
s.
d.
73
6
73 6
72
6
73
6
After several days of great heat, some rain lias fallen; but it has Beef (prime mess) # tc..... 72 6
^
49
49 0
0
49
0
49 0
Pork (W’t, mess)
,2
# bbl 49 0
not been sufficient to interrupt the work of harvest, which is
32 0
32 0
32 0
32 0
Bacon (l’g cl. in.)—# cw; 31 6
39 0
39 6
39 6
39 3
Lard (American)
“
38 3'>2
steadily becoming general. The crop of wheat is well spoken of, Cheese
43 0
43 0
43 0
43 0
(Am. fine) new “
13 0
and it is believed that the quality will be good.
The fall of rain
Liverpool Produce Market.—
has been of material benefit to the root crops, and now that the
Wed.
Tn>ir.
Fri.
Tues.
Sat.
Mon.
hay crop has, in most localities, been gathered in, it has been
s.
d. s. d.
s.
d.
s. d.
s. d.
s. d.
4 9
5 0
5 0
5 0
advantageous to the pastures. Prices of agricultural produce Roein(common)... #cwt.. 5 0
:
10 0
10 0
10 0
10 0
(fine)
“
10 0
>>
may be low, but farmers will have larger supplies to dispose of Petroleum^refined)... .# gal
9%
9%
s%
9%
'S
9%
7%
7%
7%
7%
than they have had for several seasons past.
37 3
37 3
37 3
37 3
Tallow(prime City)..# cwt 37 3
23 0
23 0
23 0
23 0
During the week there has been a slight tendency to recovery Spirits turpentine
:
“ 23 3
in the prices of wheat.
The quotations have now fallen to a low
London Produce and Oil Markets.—
Fri.
Wed.
Thur.
Sat.
Mod.
Tues.
point, the average value of home-grown produce being only
£ s. d.
£ s. d. £ s. d.
£ 8. d.
£. s. d. £ s. d.
44s. 5d. per quarter. The rise, however, is very slow, and is due
8 10 0
8 10 0
8 10 0
Lins’dc’ke(obi).# In. 8 10 0
:
8 10 0
51
0
51 0
£1 0
(Cal.) # quar.
si
51 0
51 0
chiefly to a belief that so heavy a reduction as some 25s. per Linseed
3ugar(No.l2D’ch std)
«
23 6
23 6
23 6
on Bpot. # cwt
23 6
—
23 6
quarter from the highest point of last year has not been justified.
69 0 0
0 0 69 0 0 61 0 0
Sperm
oil
#
.69
0
0
®
69
tun.
Bread is now as cheap as any reasonable person can desire; but
Whale oil
“ .35 0 0
m
35 0 0 35 0 0 35 0 0 35 0 0
Linseed
there seems to be no chance of an increase in the pricQo
ton
15
0
;
oil...,.#
.28
28 15 0 28 15 0 2S 15 0 28 15 0
Wheat
may vary in price a few shillings per quarter in either direction,
but cheap bread during the coming season is almost assured. It (Commercial aucT ItXts ccllaacoxts Items.
would be an excellent thing for the country if the same could be
Imports and Exports for thb Wbek.—The imports laet
said with regard to meat, which is now the most formidable item
week showed a decrease in dry goods and an increase in general
of domestic expenditure.
merchandise.
The total imports were $5,967,036 against
During the week ended July 20, the sales of home-grown wheat
pre¬
in the 150 principal markets of England and Wales amounted to $4,986,659 the preceding week and $5,940,340 two weeks
vious.
The exports for the week ended Aug. 6, amounted to
22,302 quarters, against 21,781 quarters last year; and it is esti¬
mated that in the whole Kingdom they were 89,200 quarters, $6,241,967 against $7,460,863 Iasi week and $7,018,127 the pre¬
vious week. The following are the imports at New York tor
against 87,200 quarters in 1877. Since harvest, the sales in the
150 principal markets have been 1,820,842 quarters, against 1,920,- week ending (for dry goods) Aug. 1 and for the week ending
951 quarters; and it is estimated that in the whole Kingdom (for general merchandise) Aug. 2:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
they have been 7,283,500 quarters, against 7,683,700 quarters in
1877.
1373
1875.
1876.
the corresponding period of last season.
Without reckoning the Drygoods
$2,151,553
$1,409,818
$2,022,635
$1,644,060
4,774,311
4,557,218
2,753,657
2,841,653
■upply in granary at the commencement of the season, it is General merchandise...
estimated that the following quantities of wheat and flour have
$5,967,033
Total for the week.
$6,928,867
$4,489,713
$4.7:6,292
163,758,872
196,545,226
Previously reported.... 203,934,525
175,254,133
been placed upon the British markets since harvest :
...
“
_
.
.
1877-8.
cwt.
Imports of wheat
Imports of flour
Sales of
1875-6.
cwt.
1874-5
cwt.
39,094.729
6.103,619
33,296.000
48,507,780
5,690,917
34,361,200
37,461,772
1876-7.
...50,643,127
home-grown produce. ....31,551,260
$179,753,932
$211,600,327
Since Jan. 1
cwt.
5,931,878
45,452,500
la
our
$203,474,093
$169,725,903
trade will be fouud the imports
report of the dry goods
dry goods for one week later.
following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending
Aug. 6'
of
The
Total
.
....89,675,490
1,569,611
.
Fxports of wheat and flour....
.
.
Result
Aver, price of Eng. wheat for
50s. 6d.
season
78,499,348
801,732
88/59,S97
SS4,120
83,898.150
262,145
77,697,616
87,675,777
88,636,005
53s. 6d.
45s. lOd.
43s. 8d.
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.:
from the 1st of September to the close of last week, compared
with the corresponding periods in the three previous years:
IMPORTS.
1877-8.
Wheat
Barley
Oats
Peas
Beans
Indian Corn
Flour
1,625,270
7,471,103
1876-7.
1875-6.
1874-5.
39,094,729
12,091,014
10,679,707
1.231,893
4,102,918
31,108 599
6,108,619
49,507,780
5,690,917
37,461,772
12,3*2,336
9,518,825
1,745,607
2,678,656
14,844,933
5,983,878
7,771,152
10,230,440
1,339,024
3.619,883
26,562,532
EXPORTS FROM NEW
For the week
Previously reported....
Since Jan. 1
The
YORK FOR THE WEEK.
1875.
1873.
1877.
187S.
$4,325,682
$5,427,339
$5,025,231
$6,211,967
143.952,317
148,743,926
155,335,577
197,054,683
$148,277,999
$154,171,765
$160,410,308
$203,295,650
following will show the exports of specie from the port of
for the week ending Aug. 3, 1878, and also a com.
New York
parieon of the total since Jan. 1,
previous years :
1878, with the corresponding
totals for several
Aug. 1—Str. Wieland
Aug 3-Str. Adriatic
London
Aug 3—Str. Rhein
London
Liverpool
Amer. silver bars.
Amer. silver bars.
$55,000
Mex. silver bars..
13,500
Amer. silver bars.
25,OCO
Total for the week ($98,900 silver, and
gold)
Previously reported ($3,991,787 silver, and $5,255,140 gold)
5,400
$93,900
9,246,927
EXPORTS.
Wheat
758.274
854,836
Barley
205,967
.49.437
85,7 3
22,435
23,704
353,689
38,465
187,134
77,691
18,562
Oats
Peas
Beans
Indian Corn
Flour
.
,
'
84,591
31,031
9.528
2,057
474,570
43,453
48,595
46.481
56.178
29,284
Baslisii .Harket Reports—Per Cable.
The
laily closing quotations in the markets of London and Liver¬
pool for the past week have been reported by cable, as showD in
the following summary:
London
Money and Stock Market.—The bullion in the Bank
of England has decreased £180,000 during the week.
Total since Jan. 1. 1878 ($4,030,637 silver, and $5,255,140
I
Same time In—
1877
1876
1875
1874
1873
1372
1
The
been
gold).... $9,345,827
Same time in-
$22,071,323 I 1871
33,006,282 I 1870
59.237,647 1869.
37,603,692 ( 1868
38.632.455 11867
55,238.2661 1866
$52,230,516
40,715,781
23,436,843
62,534,680
....
imports of specie at this port during the same
as
38,674,716
51,977,142
periods have
follows:
July *29—Str.
July 24—Str.
July 29—Str.
July 2?—Str.
Adriatic
Liverpool
Labrador
Havre
City of Para
...
St. Thomas
City of Vera Cruz...Vera Cruz
Amer. gold
Foreign gold
Amer. silver
Foreign silver—
Amer. silver
Amer. gold
Foreign gold
......
$4,610
6,755
8,827
18,200
4,491
26,516
1,400
140
THE CHRONICLE
July 31—Schr. D. M. French
Curacoa.
Aug. 1—Str. Etna
Port-au-Prince...Amer.
Aug. 1—Sir. Atlaa
Aug. 2—Str. Crescent City
Aux
Amer. silver
$1,864
silver
3,226
....
Amer silver
Amer. silver
796
Foreign hiiver
Aug. 2—Brig M. M. Williams.. ..Ciudad Bolivar
Gold dust
.
3,730
4,000
*
Foreign silver
8,158
Foreign gold
13,418
3,371
Total for the week ($155,104 silver, and
$63,546 gold)
Previously reported ($9,305,615 silver, and $4,625,814 gold)
....
1874
1873
1872
1871...
2,675,751
6.(37,157
3,059,723
1870
1869
1868
2,964,222
2,797.831
1867
7,405,375
9.815.300
4,524.114
1,743,560
•Receipts.
Coin.
Currency.
Customs.
3...
5..-.
6...
a
k
$262,000
...
433 009
359,000
r*
422.000
8
9..
478,000
..,
349,900
Total....
.
.
$375,900
34
740,344 36
527,821 63
638,406 23
1,013,259 45
883,416 10
$2,308,0)0 $4,209,148
Balance, Aug. 2
Balance, Aug. 9
From the
we
Sub-Treasury have been
follows:
Aug.
have the
11
125,321,071 31
122,612,811 25
,
,
$577,768 54
821,038 22
577,056 80
611,693 09
608,189 37
831,072 12
$4,076,754
14
2,583,616
12
977,944 06
781,486 81
4i0,3 2 26
723,485 59
426,444
52
$3,982,760
67
$6,917,493
Steele
Waseca
Hlue Earth..
1,129.180 53
674,645 51
17
Yellow Medicine
13,858,000
movements and
Julv 31
&
$4,390,400
349,546,400
348,880900
13,858,000
13,906,400
5.055.990
Legal Tender Notes.—
Deposited in Treasury under act of June 20,
27,000
544,700
758,800
11,559,903
11,491,732
10,909,247
35.318,984
outstanding.. 316,651,016
35,318,984
346,681,016
345,6Sl,Oi6
Gold
Notes received for redemption from—
New York
Boston
Philadelphia
Cincinnati....,,
85,81**984
2,007,620
1,409,450
844,910
1,140,124
877,271
1,435.685
322,555.965 323,082,164 322,474,439
1,432,120
1,432,120
1,432,120
10,757,000
5,122,000
1,276,000
9,8*24.000
7,095,000
1,119,000
9,572,000
6,691,060
1,123.000
6,922,000
5,578,000
5,400,(00
Chicago
Miscellaneous
Total
$24,077,000 $23,616,000 $22,786,000
Treasury Movements.-?
Balance in Treasury—Coin
Currency
Currency held for
21,847
5,510
29*2
74,75*2
6,123
27,058
3.0S4
7,111
5,105
11,100
14,774
3,364
24*9
24*6
14
•
108
38 5
738
172
190
65 4
29*5
issues
are
present
best to
pamphlet
purchase in exchange.
says:
On these points, tha
*•
1874
Total now on deposit,
including liquidating
banks
Retired under act of January 14, 1875
Total retired under that act to date
Total amount of greenbacks
National Bank Circulation.—
New circulation issued.
Circulation retired
Total circulation
outstanding—Currency...
9,951
per cent.
14 6
299,949“
4*22,913
123,024
4l"~
—Messrs. Fisk & Hatch have
just issued the fifth edition of
their pamphlet, entitled ‘"Memoranda
Bonds.” This little book is full of Concerning Government
valuable information to
investors in Government
securities, and it has been widely sought
for, as is shown by the successive editions issued
by the firm. The
question now eagerly asked by holders of the old issues of
Gov¬
ernment bonds is in
regard to an exchange of their bonds, and what
Comptroller of the Currency, Hon. John Jay Kqox,
June 39.
Increase
in acres.
2,409
6,397
3^,820
2,259
23,832
1,95*2
4,664
2,019
51,948
Lyons..
43,119,331 18
$3,267,700
2,787,750
32,777
1*2,159
1,132
Redwood
Increase
77,964
103,128
45.551
Le Sueer
Nicollet
Brown
43,213,324 65
U.S. Bonds heed as security from Nat. B'ks.—
May 31.
Bonds for circulation deposited
$4,235,000
Bonds for circulation withdrawn
2,780,400
Total held for circulation
349.!66,4r0
Bonds held as security for deposits
1873.
68,013
86,281
Dodge
>
707.855 53
733,835 95
1877.
Winona
Olmsted
Payments.
Coin.
Currency.
$1,190,670 92 $525,(51 01
following statement of the currency
Treasury balances for three months past:
.
$48,000.
$7,424,449
The transactions for the week at the
as
Cutting, President.
Wheat in Minnesota.—Mr.
Jacobson, th> Assistant Secretary
of the State of Minnesota, has
compiled from the township asses¬
sors’ statistical returns a
comparative statement of the acreage of
wheat in 1878 and 1877. The
following is the official statement
of the acreage of wheat
planted in the counties of Minnesota
through which the Winona & St. Peter Branch of the Chicago &
Northwestern road runs, and the increase in acres and
per cent:
($9,461,719 silver, and $1,689,360 gold)...$14,151,079
$7,713,289
1875r.
$218,650
13,932,429
Same time in—
1877
1876
W. Bayard
The amount of rental defaulted
by the guaranteeing roads is
made up of two notes of
$37,500 each, which have been protested,
and the rental for the months of June
and July, $75,000, which
the roads have refused to
pay.
The interest due on the August
coupons of the Terre Haute Company amounts to
250
Gold bars
Same time in—
long duration.
(Signed)
3 131
...
Amer. gold
Total since Jan. 1, 1878
this company is now
taking steps to enforce its rights against its lessees and
their guarantors. These latter are well
able to meet their
and the
company is advised that its rights as against them are obligations,
well defined.
It is
believed that the delay in the
payment of the coupons referred to will not be
of
110,905
Foreign gold
Cayes
Aspiuwall
[Vol xxvii.
189,708,021
3,094,748
re¬
demption of frac¬
tional currency.... 10,000,000
Coin and silver certificates outstanding
52,823,640
It is not improbable that
by the time the 6 per cent bonds have all teen
redeemed, if not before, the revival
of business and
returning confidence in
the stability and
productiveness of the legitimate enterprises of
commerce,
manufactures, transportation and building may once more attract
the now
timid and idle capital of the
country
into
these
channels
to such an extent
that it will be impracticable for the
Government to borrow money to
any
considerable amount, at a lower rate of interest than
5 per cent.
“We think, therefore, that the holders of 5
per cent bonds may safely cal¬
culate upon the continuance of their
investment undisturbed for a long term
of years ; and that, in
estimating the relative desirability of the various issu e
of Government bonds for new
purchasers, investors may assume that neither
the 5s of i8Sl nor the 10-i0s are
likely to be redeemed in less than from ten
„to fifteen years. From all the indications now available as
guides to judg¬
ment or conjecture, we would class the
several issues, for
investment, at their re.ative prices at this date as follows, viz.:desirability of
l 5s of 1881,
( hs of 1881. Second and third series.
10 49s.
4)4 per cent bonds.
4 per cent bonds.
First:
Second :
Third:
Fourth:
Fifth:
Sixth :
E-20s of 1967.
5-20s of 1868.
—A circular has been addressed to
Bank of New York,
the stockholders of the
proposing to reduce the capital of the bank
197,415,133 207,007,852 from three million to two million
dollars, in order to obtain relief
2,673,479
1,108.317 from
taxation, which amounted last year to $153,000,
including
State aod national taxes.
This bank is doing a
large business in
10,090,000
10, Of 0,090 Government bonds, and has taken
$1,500,000 new 4 per cents this
45,629,690
45,631,030 week.
The following is the statement of the
Comptroller, showing
the issue and retirement of national bank notes and
legal tender
notes, under the Acts of June 20, 1874, and
January 14, 1875, to
August 1, 1878:
—The Ontario Silver
Mining Company has declared its regular
monthly dividend, No. 31, and an extra dividend, No. 32, for
July, aggregating $100,000, or $1 per share, payable 15th inst.
National bank notes
outstanding when Act of June 20, 1S74, was
passed
National bank notes issued from June
20,1874, to Jan.
14.
1875
.National bank notes redeemed and retired
between
same
dates
$349,894,182
National bank notes outstanding Jan. 14, 1875
National bank notes redeemed and retired from
Jan.
14, 1875, to date
$63,404,393
National bank notes surrendered between same
dates.
9,684,418
TotAl redeemed and surrendered
National bank notes issued between same dates
National bank notes outstanding
at date..
The
1,967,263
$351,861,450
deposit in the Treasury June 20, 1874, to retire
liquidating ba> ks
Greenbacks deposited from June
20, 1874, to date, to retire na¬
tional bank
deposits
re-issue
of these
aod
78,267,107
dates without
outstanding in the hands of
a general inquiry amoDg
order, is causing
bonds
as
to which
they shall select in making
an
issue of Government
exchange while they
the “
Fours,” “ Foura-halfs,” “Fives,”
Ten-Forties,” “ Sixes of 1881” (second
third series) and “ Currency Sixes.”
are
In addition to this demand from holders of
is
a
can
premium.
The desirable bonds for investment
and
$3,813,875
$82,080,782
same
three hundred millions
come next in
realize the present
on
notes
over
securities
$322,474,431
notes of insolvent and
Circulation redeemed by Treasurer between
are
29,387,011
.
of 1865
by the Govern¬
ment, and the fact that the Five-Twenties of 1867, of which there
the holders
43,401,710
Five-Twenties.
rapid calling in of the Five-Twenties
investors,
$77,783,711
Decrease from Jan. 14, 1875, to date
Total
What Shall We Do With Our
2,767,232
National bank notes increase from June
20, 1574, to Jan. 14, 1875.
Greenbacks
BANKING AN# FINANCIAL.
$4,734,500
large demand from
new
investors
more
Five-Twenties, there
wide-spread than for
many years.
We therefore
naturally look for a gradual advance in the
of
the
prices
issues
which are most desirable.
deposit at date
$10,909,247
We have just published the fifth edition of our “ MEMORANDA
Greenbacks retired under act of
January 14, 1S75
$35,318 984 Concerning Government Bonds,”
Greenbacks outstanding at date
designed to answer all ques¬
346,681,016
tions in regard to these securities, and to
St. Lonis Alton & Terre Haute.—A circular has
give full information
been issued
to intending investors,
by the president of ibis company, as follows:
copies of which can be had on application
Greenbacks
71,171,535
on
This company regrets to inform the holders
of coupons due
its second mortgage preferred
1 on
bonds, that, owing to the refusal ofAugust
ihe IudlanSt.
apolis &
Louis Railroad Company (the lessee of its
main line) to pay
rental due, it is nnable to meet those
the
coupons promptly.
The rental due from the lessees
up to this day amounts to over
$150,000, and
at our office.
FISK & HATCH,
BANKERS AND DEALER3 IN GOVERNMENT
BONDS,
No. 5 Nassau St., New York City.
THE CHRONICLE.
1878.]
August 10,
The
141
Closing prices at tlie N. Y. Board have been
glaulvcrsr (Gillette.
Interest
Period,
Ta™naTb\nksorganized.
The United States
Comptroller of the Currency furnishes the
following statement of National Banks organized :
2,391—First National Bank of Deadwood, Dakota. Authorized cipital, $50,000; paid-in capital, $50,0(0; L K. Graves, Preaiden ; 8. N. Wood,
Cashier. Authorized to commence business July 25, 1878.
DIVIDENDS.
The following dividends have recently been announced:
When
Payable.
Per
Name
op
Company.
Cent.
Railroads.
Cleveland & Pittsburg, guar, (quar.)
Insurance.
Sept. 2.
W
City Fire
$4
New York Fire
Books Closed.
(Days inclusive.)
Aug. 11 to Sept. 1
Aug. 12. Aug. 7 to Aug. 11
On uem.'
7
FRIDAY, AUGUST 9, 1878-5 P. W.
Tlie
Money Market and Financial Situation.—Further de¬
pression in tlie stock market, and the continued heavy sales of
LTnited States 4 per Cent bonds, have been the chief matters of
interest in Wall street this week.
Tlie subscriptions to the new
loan are still very active, and tlie number of purchasers of small
amounts is as large as ever, indicating tlie popular character of
tlie holdings of these 4 per cent bonds.
There has hardly been
such a spontaneous popular movement in subscribing to a Govern¬
ment loan since the 7-30 notes were
negotiated by Jay Cooke &
Co.—and then loyalty and the desire to get a high rate of interest
were both worked
upon by the astute agents to induce tlie people
to come forward and take tlie loan.
But whether in 4 per cent
bonds or—7-30 notes, the principle is the same, that it is an unmis¬
takable benefit to have the Government
obligations widely dis¬
tributed among a large number of holders of moderate amounts,
.as the number of citizens
directly interested in having the Gov¬
ernment credit
fully maintained, is to that extent increased.
Money remains without change at 1 to
per cent on call,
according to the collaterals furnished. Prime short-date commer¬
cial paper sells at 3@4 per cent.
The Bank of England statement on Thursday showed a decrease
in specie of £180,(1)00 for the week, and the discount rate was
left unchanged at 4 per cent.
The Bank of Fiance showed an
increase of 4,000,000 francs in specie*
The last statement of the New York City
Clearing House banks,
issued August 3, showed a decrease of $965,500 in the excess
.above their 25 per cent legal reserve, the whole of such excess
being $21,606,275, against $22,571,775 the previous week.
The following table shows the changes from the previous week
1878.
Aug. 3.
Loans and die.
-Specie
Circulation
Net deposits
Differ’nces fr’m
1877,
1876.
previous week.
Aug. 4.
Aug. 5.
$238*,096,200
..
.
Legal tenders.
Dec.$ 539,800 $249,767,800 $252,756,300
17,990,800 Dec. 1.704,800
14,135,800
20,126,000
19,273,000 Inc.
195,600
15,585,300
15,007,600
219,978,500 Dec. 2,155,200 219,166,600 226,479,800
58,610,100 Die.
200,500
54,262,100
60,333,300
United States Bonds.—The business
in Government bonds
continues very
6s, 1881
reg.
6s, 1881
coup.
6s, 5-20s, 1865...reg.
6s, 5-20s, 1865 .coup.
6s, 5-20s, 1867...reg.
6s, 5-20s, 1867 .coup.
6s, 5-20s, 1868...reg.
6s, 5-20s, 1868 .coup.
Aug.
3.
follows:
Aug.
Aug.
5.
-Aug.
0.
7.
Aug.
8.
107*2 * 107*2 *107*2 *107*2
107*2 h 107*2 107*2 *107*2
102*2 1023s 10230 102*2
1023s 10230 *1O2»0 *10230
105**s
1O470
105
1043i
70
1O470
*107*2 *107*2
107*0
104
Aug.
9.
10750 *107*2
1O7®0 *107*2
10230*10230
102:*8,*10238
105
*104«i *10158
10478 10434! 1045s
107*4 107*4 *106*2
*
& J. *108
*108
*108
108
108
107
& S. 106*2 *10650 *106*2 *106*2 106*2 *106*2
& S. *109*8 .109*0 109*0 109*4 ^109*8 *109*8
Feb. 1063s 10630 10630 1063s 106*4 106*4
5s, 10-40.8
reg.
5s, 10-40s
coup.
5s, fund., 1881...reg.
5s, fund., 1881..coup.
4*28, 1891
reg.
Feb. *10638 1063g 106*4
Mar. *104% *10434 10450
Mar. *10150 10134 10434
Jail. *10050 10050 *10050
10630
106*4 106*4
10478i*104%
4*28, 1891
coup.
104%i*104%
4s, 1907
reg.
10034 10050 1005s
Jan. 1*10050 *10050! "10050 *10050 10050 1005b
4s, 1907
coup.
& J. *12050 J 120*2; *120*2 *120*21 120*2 1205s
6s, cur’cy, ’95-99.reg. j
*
This is the price bid; no sale was made at the Hoard.
1047s
3047b
The range in prices since Jan. 1, 1878, and tlie amount of each
class of bonds outstanding Aug. 1, 1878, were as follows:
Range since Jan. 1, 1878.
Lowest.
Amount
Highest.
Aug. 1.
Registered.
Coupon.
6s, 1881
cp. 105*6 Feb. 25 110% June 27 $196,009,550
6s, 5-20s,’65.cp. 102*4 July 22 105*6 June 6
51,129,900
6s, 5-20s,’67.cp. 1045@ Aug. 8 1085g June 27 107,659,150
6s, 5-20s,’68.ep. 10634 Jail. 2 111 *4 June28
16,029,000
5s, 10-40s... cp. 1O370 Mch. 1 10930 July 29 144,280,800
5s, fund.,’81.cp. 10234 Feb. 25 10770 July 30 235,364,450
4*28, 1891 ..cp. 10178 Mch. 1 1047s May 24 155.112,100
4s, 1907 ....cp. 100*4 July 1 102% Jan. 9
80,597.350
Oh, cur’ucy.reg.i 117*4 Apr. 5 122*8 May 25
64,623,512
$36,726,806
50.668.500
202,957,050
21,436,300
50.285.500
273,075,900
90,887,900
32,252,650
State and Railroad Bonds.—There
lias
been very little
activity in State bonds. Louisiana consols sold to-day at 74. At
auction $03,000 North Carolina special tax bonds sold at $18 50
per bond, and $16G,000 Alabama 8s, to Montgomery & Eufaula
Railroad, at $20 50 per bond. In South Carolina the Court of
Claims met and passed on one or two small lots of consols and
then adjourned to the 15tli inst.
Tlie Court does not seem
inclined to act promptly, and this is a discouraging feature; it
was understood that
they wanted Mr. Kimpton as a witness, and
if he is sent to tlie State, possibly it may hasten matters.
Railroad bonds are firm on a moderate business.
Chicago &
Northwestern gold 7s sold at 100 to 100& to-day, notwithstanding
the low prices of stocks. The Central Pacific land grant mortgage
trustees call for bonds to be offered to
$1,100,000 cash
now
them to the amount of
in tlieir hands.
Messrs. A. H. Muller & Son sold the
following at auction:
Shares.
Bonds.
20 TEtna Fire Ins
72
30 Sun Mutual Ins
55*2
40 Importers’ Ac Trad.Nat Bk.l95*2
30 Corn Exchange Hank
125*2
62 42d st. <fc Gr. st. Ferry R 11.126*2
5 N. Y. Sun. Print, and Pub.
20
20
64
14
10
20
25
Abso., $1,000 each, p. sh.$2,600
Merchants’ Insurance Co.. 142*2
Mech. & Traders’ Ins
168
114
Home Ins. Co
Hudson County Nat. Bank.150
Irving National Bank
112
National Citizens’ Bank... 100
New York Gaslight Co
95
Bonds.
active. The subscriptions to new 4 per cent bonds
large beyond precedent, and the banks and other leading $63,000 North Carolina 6s,
Healers are crowded with orders from all quarters.
We have
special tax bds, issued
for Atlantic Term. <fc O.
heretofore observed that 6very sale of these bonds and the corre¬
RR
per bond.$13 50
sponding call made for five-twenties stimulates new subscriptions 166,000 Alabama 8s.
issued
by unsettling all the holders of 6 per cent gold bonds, and thus
to the Mont. & Eufaula
the business re-acts upon itself.
RR
per bond. 20 50
Subscriptions are made for
41,000 Town of Southliehl,
$5,000,000 4 per cents ; the Secretary calls in $5,000,000 of fiveRichmond County,N. Y.
are
twenties
as
....
$7,000 Certif. of
com.
for 7
West. Exten. 1st mort.
bonds of the N. Y. &
Oswego Mid. RR
$86
47,500 N.Y. & Oswego Mid.
RR. equip, conv. and
sink, fund bds. .per bd.
25c.
43,000 N.Y. & Oswego Mid.
RR. equip, conv. and
sink, fund bds..per bd.
60c.
32,000 N.J. Mid. Ry consol.
mort. 7s, gold..per bd. $6 50
139 L. I. Ins. Co. scrip,
viz.: $10 of 1870, $15
of ’71, $20 of ’72, $20
of ’73, $25 of ’74, $25
of ’75, $20 of ’76, $4 of
1877...
65
$95 Amer. Fire Ins. Co.
scrip, viz.: $20 of 3872,
$5 of ’73, $20 of '74,
S20 of ’75, $15 of ’76,
15 of 1877.....
3 Continental Ins. Co.
of
60
1865; the holders of $310,000,000 five-twenties of
51
Drainage bonds,per bd.
scrip of 1874
$31
1867 (now nearly reached) become uneasy, and holders of $20,1,000 Logansport Craw18,000 Certificate or Com.
fordsv. & Southw. RR.
for 18 West. Exten. 1st
000,000, say, proceed to change off their bonds immediately; this
1st mort. 8 per ct. bd..
mort. bonds of the N.Y.
$35
makes business active, and as there are very few bonds coming
& Oswego Mid. RR
$200
from abroad, the new 4 per cents are taken freely.
The following were also sold at auction:
The Secretary of the Treasury has issued the sixty-fifth and
Shares.
Bonds.
sixty-sixth calls for the redemption of 5-20 bonds. The sixty- 2,000 Rising Sun Silver Mining
$15,000 State of Alabama con¬
fifth is for $5,000,000.
Tlie principal and interest will be paid
solidated class A bonds ..43^
Co., San Juan county,
at the Treasury on and after the 5tli day of November next,
Colorado
per share. 10c.
4,000 State of South Carolina
and
consol. 6 p.c. coup, bonds.30
interest will cease on that day. Following are the descriptions:
Closing prices for leading State and Railroad Bonds for two
Coupon bonds dated July 1,1865, namely: $50, Nos. 69,501 to 70,000,
both inclusive; $100, Nos. 120,001 to 123,000, both inclusive; $500, Nos.
weeks past, and the range since Jan. 1,1878, have been as follows:
84,001 to 86,000, both inclusive; $1,000, Nos.^157,001 to 163,500, both
inclusive. Total coupon bonds, $2,500,000.
Registered bonds as follows: $100, Nos. 18,451 to 18,550, both inclu¬
sive; $500, Nos. 10,701 to 10,750, both inclusive; $1,000, Nos. 35,851
to 36,100, both inclusive; $5,000, Nos. 10,251 to 10,400, both inclusive;
$10,000, Nos. 19,801 to 20,500, both inclusive. Total registered bonds,
$2,500,000. Aggregate, $5,000,000.
The- sixty-sixth call is dated August 7, 1878, and embraces
$5,000,000 bonds,
on
which interest will
cease
Nov. 7th, 1878:
Coupon bonds, dated July 1, 1865, namely: $50, Nos. 70,001 to
71,000. both inclusive; $100, Nos. 123,001 to 127,000, both inclusive;
$500, Nos. 86,001 to 87,000, both inclusive; $1,000, Nos. 163,501 to
169,000, both inclusive. Total coupon bonds, $2,500,000.
Registered bonds: $100, Nos. 18,551 to 18,650, both inclusive; $500,
Nos. 10,751 to 10,800, both inclusive; $1,000, Nos. 36,101 to 36,550,
both inclusive; $5,000, Nos. 10,4011o 10,600, both inclusive; $10,000,
Nos. 20,501 to 20,900, both inclusive. Total registered bonds, $2,500,000.
Aggregate, $5,000,000.
Closing prices of securities in London have been
July Aug.
26.
W
U. S. 6s, 5-20s, 1867
U. S. 5s, 10-40S
53 of 1881
New 4*2 per cents
2.
Aug.
9.
as
follows:
Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee 6s,
Highest.
108*4 107
10638 105 h Jan. 2 10958 June 8
111*2 111*4 111
104*2 Feb. 25 1115s July 30
108% 108*2 1077s 1033s Mcb. 1 109*8 July 9
107
l067e 106V 102*8 Feb. 25 107*4 July 30
Aug.
Aug.
2.
9.
74
*104*2
*14*4
*34
*72
*28 *
old
Virginia 6s, consol
do
do
2d series..
Dist. of Columbia, 3-65s
x80*2
Railroads.
Central of N. J. 1st consol
*83
Central Pacific 1st, 6s, gold.. 105*2
Chic. Burl. <fe Q. consols 7s...
Chic. & Northwest. ep.,gold..
983*
96
Chic. M.& St. P. cons. s. f. 7s..
Chic. R. I. & Pac. 6s, 1917... *108
Erie 1st, 7s, extended
Lake S. & M. S. 1st cons., cp.. an
—
Michigan Central consol. 7s..
Range since Jan, 1,1878.
Lowest.
States.
Morris & Essex 1st mort
N. Y. Cent. & Hud. lst,ep—
Ohio & Miss. cons. sink. fd..
ai8"
Range since Jan. 1, 1878.
Lowest.
Highest.
6934 June 8 85
104*4 July 5 108
Men. 29 18
*14*2 15
35
33*2 Jan. 4 395@
*72*2
74
*28*2
81*2
29
74
July 31
Apr. 12
30
85
*83
64*4 Mch. 4 90
*105% 10350 Jan. 15 10858
Jan.
2 113*2
113
109
100
9178 Jan. 14 103*4
5 102%
97*4 9i*s Jan.
Jan.
5 110*2
*108*4 106
Jan.
7 110*4
*115
110
*111
109
Jan. 10 112*4
5 112
105*s Jan.
*ii87e 115*2 Jan. 5 120
Feb. 11
June22
May 25
May 14
July 16
June 10
July 11
June 28
June 15
May 31
May 25
June 28
July 8
May 27
July 3
Apr. 29
7 122
June26
95 7q Feb. 20 102*6 June 27
’9734
8 121*2 June 13
118
Feb.
*118
Pitts. Ft. Wayne & Chic. 1st.. ais
*x!04 *104
103
St. Louis & Iron Mt. 1st m
Apr. 5 10930 May 24
7 10858 June 28
Union Pacific 1st, 6s, gold— 105 *s *1057e 10350 Jan.
do
sinking fund..., 1O270 *102*2 9230 Mch. 6 105*4 July 9
*
*118
*98
118
Jan.
This is the price bid; no sale was made at the Board.
142
THE
Railroad and
Miscellaneous Stocks.—The
CHRONICLE.
stock market
-—Latest earnings reported.—,
WeelcorMo. 1878.
1877.
continued
tolerably active in the early part of the week, with
varying' fluctuations, but during the past two days has been
remarkably dull, with drooping prices. The granger stocks con¬
tinue to be the weakest in the
market, and to-day St. Paul
touched the lowest price
yet made in the present downward turn,
and the lowest of the
year.
So far as values are to be influenced
by the extent of the wheat crop, it is to be remembered that the
acreage this year has largely increased, and a considerable fall¬
ing off in the yield per acre would still leave a crop equal to last
year in bulk, although the quality might be poorer.
Some
remarks upon this subject are given on another
page, in connec¬
tion with the reports of railroad
earnings for July. The trunk¬
line managers have agreed to the advance in
rates, as reported
last week, and thus far all their late
meetings have been marked
confirm the opinion
Vanderbilt’s policy
by
an unusual harmony, which goes far to
often expressed in this column, that Mr.
would probably be one of
peace.
The daily highest and lowest
prices have been
Saturday,
Aug.
Central of N.-l.
Chic. I5url.& Q.
C. Mil. & St. K
in*
33%
do
pref. 71%
Chic. & North. 35%
do
pref. 0H-M
C. R. I. & Tae 113
Del.& H. Canal 51%
Del. Lack.dfc W
.
Erie
17%
Han. & St. Jo.. *11
..
..
do
26
pref.
Illinois Cent..
83%
Lake Shore
01%
Michigan Cent 03
Monday,
3.
Au/i
if*
128
40
Quicksilver....
13%
do
pref. *28
These
are
the
....
93
14
90
*12
91
14
33
*30%
33%
prices bid and asked:
were as
follows:
9,164
870
140,297
97,043
Chicago Sc Northw... 109,755
do
do pref. 120,780
Chic. Rock Isl. Sc Pac.
3,260
..
Del. Sc. Hudson Canal
Del. Lack. Sc Western
Erie
Hannibal Sc St. Jo.
do
do pref.
..
Illinois Central
Lake Shore
Michigan Central....
Morris & Essex
N. Y. Cent. Sc Hud. R.
Ohio Sc Mississippi...
Pacific Mail
Panama
;
Wabash
;
Union Pacific
Western Union Tel...
Adams Express
American Express
United States Exp...
Wells, Fargo Sc Co...
..
Quicksilver
do
6,825
175,820
84,720
750
400
2,305
65,037
4,860
7,444
1,938
6,940
310
111
2,800
18,260
26,891
174
172
208
115
10
pref
Total sales of the week in
Aug.
“
“
3
....
5....
6....
“
7
“
8....
9....
“
....
North¬
west.
Lake
Shore.
12,190
20,975
18,670
21,770
14,950
21,200
13,200
5,790
*29%
87
5 131
12% June 26
61% July 31
75% Feb. 13
Jail.
Aug.
Aug.
*20
84
27
84%
01% 02%
(54%
83% >-3%
108% 108%
7%
7%
03
*1(5
125% 125%
13% 13%
64% (54%
89%
n03%
46%
*44%
*90'
90%
105
4(5%
44%
90%
32%
*30
32%
73
82% Jam
13
July
7
29% Feb.
5
7
10
10
31
16
16
11
15
18
Apr. 15
22,500
30,270
20,410
27,682
19,635
19,800
„
118%
42%
73%
15
43%
3734 (59%
82% 105 %
25% 74%
.
30%
4%
7
17
40%
45
35%
51%
85%
2%
12%
80
77
15
1" v
33%
79
733s
74%
92%
109%
11 3s
26%
130
5
Mch. 20
5934
73
July 22
July 25
May 8
56
91
84%
were as
I
37%
40%
Feb. 25
Feb. 25
June 5
1934 Feb 25
37
June 15
leading stocks
High,
6
94
11
Jan. 16
95
2
St,
Paul.
11
15
8
9
17
11
June 10
June 11
2038 Apr.
95%
8 105%
2 52%
7
5134
Low.
.
Erie*
9,900
8,100
28,795
18,850
8,700
10,375
43%
36
81
13
19%
105
60%
5934
90
24
45
do
Springf.div.Jul.v
j Del. L.
Central
,&West. of N. J.
61.400
28,920
16.400
11,900
16,800
23,106
88,597
Int. & Gt. North..3d wkJuly
23,031
Kansas Pacific.. .July..
291,634
Louisville & Nash.May
393,000
Mo. Kalis. Sc Tex July
219,926
Mobile & Ohio....June
90,341
Nashv. Cli.cfe St.L. June
91,833
Pad.&Elizabetlit.3d wk July
5,555
Pad. <fe Memphis.. 3d wkJuly
3,369
Pnila. <fe Eric
June
219,024
Phi la. & Reading. June
1,498,658
....
.
.......
St.L.A.&T.II. (brs)July
St. L. IronMt. <feS.July
St. L. K. C. <fe No..July
St. L. & S. Fran...2d wk J’ne
St. L.&S.E.(St.L.)2d wkJuly
do
(Ken.).2d wkJuly
do
(Tenn.).2d wkJuly
St. PauLfe S. City. June .
Scioto Valley
July
Sioux City & St, P. June
Southern Mum...June
Tol. Peoria <fe War. July
Wabash
July
33,446
290,249
237,829
17,966
8.200
5,974
2,306
46,734
536,235
5,639
17,092
74,276
57,097
1,280,881
00,478
93,483
147,483
00,804
381,373
92,713
84,726
21,739
274,362
384,942
253,125
88,949
117,439
5,530
3,338
250,705
1,199,518
32,141
277,320
193,924
22,840
11,591
11,488
2,970
40,442
....
200,058
103,730
559,120
205,041
83,410
380,413
552,571
421,849
4,699,716 4,543,007
443,975"
370,331
478,010
430,883
4,931,158 4,974,240
2,530,079 2,293,391
2,912,309 2,550,123
854,825
092,086
111,477
702,904
641,906
1,739,159
2,099,713
1,475,686
936,434
821,973
29,954
53,624
91,974
374,592
664,122
721,990
1,620,407
2,044,109
1,684,058
826,849
810,994
110,670
1,261,652
5,670,426
256,709
2,159,466
1,747,774
491,919
308,496
176,114
88,204
97j229
1,389,864
6,393,493
270,632
2,209,461
1,604,844
556,876
297,814
162,033
76,075
207,740
285.113
145,890
179,764
21,450
35,781
74,359
300,027
113,528
207,853
572,862
373,983
705,016
2,561,982
2,359,097
Market.—The price of gold has been steady at 100^
for about two weeks.
On gold loans the rates are flat to
1\ per
cent for
carrying. Silver in London is quoted at 524d. per oz.
The range
of gold and clearings and balances
Quotations.
Gold
jOpen Low. High Clos.
Clearings.
j
1
,
Aug.
3.. 100% 100% 100% 100%
“
6.. i 100% 100%; 100% 100%
“
The
5,024,000
8,450,000
9,617,000
7,305,000
7,336,000
100%^ 100% 100%
$46,140,000
100%; 100%
100%'l02%
following
Sovereigns
are
| Currency*
100%
100%
813,000
907,400
38,415,000
2,143,468
1,004,869
1,061,500
817,100
907,686
2,171,805
1,010,230
1,066,860
$549,833
$553,008
quotations in gold for various coins:
$4 85
Napoleons
:
Balances.
Gold.
7..; 100% 10()%T00% 100%
8. Jl00% lOO^ 100% 100%
9..; 100% 100% 100% 100%
This week1100%
Prev. w’k!100%
S’ce Jan. 11102%
follows
were as
$ / ,778,000 $1,402,246 $1,406,329
5..! 100% 100%: 100% 100%
®$4 89
3 88
@ 3 97
4 75
@ 4 80
3 90 @ 4 10
Span’ll Doubloons. 15 60 @15 85
Mex. Doubloons.. 15 45 @15 60
Fine silver bars
114% @
115%
Fine gold bars....
par^Hprem.
X X Reiclnnarks.
X Guilders....
..
Dimes <fe % dimes.
Silver %s and %s.
Five francs
Mexican dollars..
—
—
—
—
93
—
985s
98%
94%
—
@
90%@ — 91%
4 75 @4 85
—
English silver
Prus. silv. thalers.
Trade dollars..*...
New silver dollars
98 @
98 %@
—
—
—
68
@
70
—
98 %@ — 0834
99 %<® — par
Exchange.—q he dealings in
foreign exchange have been
moderate, and rates on actual business are considerably below
bankers’ asking prices, 60 days’
sterling
and demand bills
bills being done at 4.82f,
4.86f.
This afternoon, however, there was a
firmer feeling among leading drawers, and
they were unwilling
to draw lower than 4.83 and 4.87, as
money was reported higher
in the London market, close
up to 4 per cent, which is the Bank
at
rate.
In domestic bills the
following were rates on New York at the
undermentioned cities to-day: Savannah,
buying £ premium, sell¬
ing i premium; Charleston, depressed, par @ £ premium; New
Orleans, commercial 3-16, bank
St. Louis, 50 premium; Chi¬
cago, 25 premium; and Boston, 6^ cents.
Quotations for foreign exchange are as follows:
Aug. 9.
60
days.
4.81
Documentary commercial
4.8012@4.8114
5.2058@5.1818
Pads (francs)
Antwerp (francs)
700
400
Frankfort (reiclnnarks)
Berlin
@4.82
4.85
5.18%@5.1558
5.18%@5.15f>8
94%@
(reiclnnarks)
40 %@
95 %@
94%
94%
94 %@
(reichmarks)
95%®
94%
9434
94 %@
@4.86
4.84%@4.85%
5.18%@5.15J%
5.20%@5.18%
39%@ 40
94%@
days.
4.87 @4.87%
4.86%@4.87
'o.i21i4T*.l81e
Hamburg (reiclimarks)
Bremen
3
4.8234@4.83%
4.S2l4@4.8234
Good commercial
Swiss (francs)
'.
Amsterdam (guilders)
Total.
109,755 65,037 26,891 140,297 84,720 175,820
9,164
Whole stock. 151,031 494,665 410,734 154.042
780,000 524,000 206.000
$555,610 $4,905,000 $3,513,762
The Gold
2,000
3,589
1,275
1,200
Jan. 1 to latest date.
1878.
1877.
28.176
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
follows:
40.400
60,321
Indiana]). Bl. &W. July
“
Whole year
1877.
July
69% Apr.
72% Apr.
Jail.
3
Feb. 28 89
Feb. 11 112
June 29
11%
145s June 21 23%
98
113% 114
50% 51%
52% 54%
17
17%
11% 11%
made at the Board.
was
1334 Apr.
3134 Apr.
58%
673s
10334
6%
46
44
(56%
*12
Highest.
557s June 29
Jan.
34%
Dubuque & S.City. July
Erie
April
1,127,079
Gal. H. &S. Ant..May
88,254
Grand Rap. & In d. May,
110,255
Grand Trunk .Wk.end.July27
147,804
Gr’t Western .Wk.end.July26
78,904
HI. Cent, (lll.linc). July
400,698
do
Iowa lines.July
100,059
“
Feb. 14
112
70
Chic, Mil. <fc St, P. July
$048,000
Chic. R. I. & Pac.June
508,217
Clev.Mt. V. <fcD..3d wkJuly
7,192
Dakota Southern.June
17,386
Denv. & Rio G... July
121,500
in prices since Jan. 1, 1877,
Feb. 28
72
07
33
64
& m
*12
*30
21% Feb. 28
9,376
4,950
6,265
2,900
1,600
1,800
6,500
81% 33%
70% 72%
30%
05% 07% 05
65%
114
114% 114 114
51% 51% 51
51%
53% 55
53% 54%
17% 18% 17% 17%
*11
11% 11% il%
*25
26% 20%
84
83% 84% 84
02% 03
62% 02%
(54
05
63% 03%
83
84
83% 83%
108% 108% 108-% 108%
8%
7%
8
17 • *16% 17
*
128
126% 126%
*12%
13% 13%
03% 64% (53% 641
90% 90% 89% 90
104% 104% *03% 104%
40
40
40% 4(5%
44
44
*44% 44%
90
90% 90% 90%
2
13% Jan.
45% July
99% Feb. 28 11434 July
30% Aug. 9 54% July
07
Aug. 9 84% July
33
Aug. 1 55% Apr.
59% Feb. 9 79% July
9838 Jail. 15 119% June
45
Jan.
5
59 % July
4<>3gMeli. 5 01% July
7% Jan.
5
1834 July
10
Aug. 9.
35% 35% 34% 35%
10% 111% 110% 110%
31
31% 30% 31%
3 %
Lowest.
West’rn
Union.
9,724
19,000
10,823
111
Friday,
Aug. 8
Jan. 1, 18"'8, to date.
Sales of
Week.
Shares.
Central of N. J
Chic. Biirl.& Quincy.
Chic. Mil. Sc St. IV.
do
do pref.
30%
sale
no
Total sales this week and the
range
7.
37
111
..
f13
14%
03% 04%
0;?4 89
89%
90%
10 i
*102%
40
46% 46
40% 44% 44%
45%
13%
127
13%
Exp.... 103% 103%
American Ex.. 40
United States
45%
Wells, Fargo.. *90
*
Aug.
34% :-5% 35% 37%
111
110% 110:% 111 111
3o /*> 31
34% 31% 33%
72 w. 69% 72% 70
72%
80-14 33% 35% 34
35%
08% 05
67% 65% 67%
113 " 112% 113% 113
113
51
53% 50%
52%
57% 51% 54% 52% 55%
18% 17 %
17% 18%
*11
11% 11
11%
20
25% 25% 25% 25%
84
84 ~ 84%
83% 84
0*% 01% 02
01% 62%
63% 01% 63% 04% 65
83*>e 81% 82% 82% 82%
108% 108 108% 107% 107%
8^
7%
8%
8%
8%
10% 10% 16% *16
17
.
.
iVedn’sd’y] Thursday,
37%
Morris .*• Essex 82
N.Y.C. & H.
108%
Ohio & Miss...
8‘i
Pacific Mail.... 10%
Panama
Wabash
' 13%
13
Union Pacific.. 02% 63%
West. Un. Tei
8894 91
Adams
Tuesday,
Aug. 0.
5.
follows:
as
[Voi.. XXVII.
40%
9538
9538
95 %@
9538
95%@
9538
..
Boston
banks for
The total number of shares of stock
last line for the purpose of
outstanding is given in the
1878
comparison.
June 17.
The latest railroad
earnings and the totals from Jan. 1 to latest June 24.
dates are given below.
The statement includes the
July 1.
gross earn¬
ings of all railroads from which returns can be obtained. The July 8.
15.
columns under the
heading “ Jan. 1 to latest date” furnish the July
July 22.
gross earnings from Jan. 1 to, and
including, the period men¬ July 29.
tioned in the
second column.
Aug. 5..
—Latest earnings reported.—. —Jan.l to
latest date.—,
EARNINGS.
Week or Mo.
1878.
1877.
1878.
1877.
A tell. Top. <fc S. F. July
$330,000 $187,142 $1,828,383 $1,223,813
Atl. <fc Gt. West...June
301,250 312,828
Atlantic Miss.&O. June
120,094
128,009
701,810
750,118
Bur. C. Rap. A N. July
95,007
73,309
888,538
501,958
Burl. & Mo.R.in N.May
145,754
50,430
044,491
344,072
Cairo & St. Loiiis.2d wk
3,980
July
4,895
112,072
133,101
Centra of Iowa..May
02,842
45,355
Central Pacific...July
1,517,000
Chicago
Alton.;Jilly
Chic. Burl. & Q...June
1,391,807
435,250 305,928
897,090
957,734
9,400,303
2,439,151
9,230,572
6,417,791
5,472,048
2,337.070
IlankN.—The
following are the totals of the Boston
series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
a
t
S
125,764,700
127,030,700
128,621,701
129,849,001
130,70 ‘,900
131,136,200
*
*
2,890,900
6,2 >4,200
51,572,9f0
1:30,653,600
131,387,300
2,677,400
2,633,800
2,451,900
6.681.800
3,488,000
3,3:3,410
3,011,2u0
2,914,200-
6,875,100
5,917,800
5,463,400
5,282,600
5,511,900
5,898,!00
*
$
25,527,600
40,871,375
52,156.100 25,372,700
39,188,858
52,775 300 25,048,400 ' 42,626,701
53,251,000 25,361,400
51,573.489
52,285,800 25.339,200
47,130,751
52,095,600 25,297,600
43,821.118
51,569,400 25,045,500
37,441,879
51,906,700 25,143,900
37.181,493
Philadelphia Banks.—The totals of the Philadelphia banks
are as
follows:
Loans.
1673.
June 17.
June 24.
July
July
July
July
July
Aug.
1.
8.
15.
22.
29.
5..
Specie.
*
57,542,32"
57,104,069
56,906,372
57,417,5%
57,540,316
57,701,352
57,582,408
57,836,672
1,810,592
1,799,535
L. Tenders.
S
12.674,595
13,166.808
1.89 V257 12,726.831
2,165,605 13,617,761
2,131, *77 13,600,496
2,0S8,963 13,413,067
2,122,939 13.750,039
2,28*,860 13,729,614
Deposit
*
Circulation.
$
11,049,6*3
Agg. Clear
$
44,900,053
44,908,901
45,647,430
45,931,792
46,419,105
46,082,238
46,127,426
11,118,080
11,133,381
33,320,691
32,262,571
30,692,010
24,830,509
46,102,675
11,136.613
29,494,324
11,008,979
11,001,126
11,055.863
11,075,562
31,007,892
30,667,918
S9,C62,252
BOSTON, PHILADELPHIA,
Kenr 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
Aug. 3, 1878 :
Net
Loans and
300.000
9,224,200
878.100
Merchants’ Exch. 1,000,000
Gallatiu National 1,500,000
3,439,500
218.800
Butchers’&Drov.
Mechanics’ & Tr.
•qjfiNtoer/;
500/00
6-)0,000
200,000
Greenwich
Leather Manuf’rs
600,000
Seventh Ward..
300,000
State of N. York.
800,000
American Exch.. 5,000,000
Commerce
5,000,000
Broadway
1,000,000
Mercantile
Pacific....'
1,000,000
422,700
221.700
3,891,600
91,000
25,0;30
10,400
1,311,000
1,390,000
791,400
Deposits.
s
1.378.200 10,281,600
1,: 21,000 4/00.900
3,805,003 8.343.300
932.200
4,741,000
3.221.200
925,403
2.969.900
7.110.900
318,000
1,794,000
5.744.400
3,727,0:0
177.700
1.853.800
928.700
1.896.900
1,030,700
542,000
175,000
235.090
1.342.300
9.512.500
3.333.700
2.134.900
939,000
1,017,000
153.100
763,600
4,966,500
3,389,400
49,700
744.300
151.100
2L503
616.400
'450,000
3,299,200
196,903
2,945,100
95,200
412,500
1,223,200
23 509
305.100
North America..
700,000
Hanover
1/00,000
5,014,700
1,795,000
1.500,000
Chatham
People’s
..
.
Citizens’
Nassau.
Market
St. Nicholas
Shoe and Leather
Corn Exchange .
Continental.
Oriental
Marine...
...
.
74.900
315.700
557.200
219.800
391,000
86,800
435 CO)
25,330
13.900
683.800
17^,00)
116,000
348,00)
88.300
2,102,000
400.000
Park
2,000,0"0
Mech. Bkg. Ass’n
500.003
Grocers’
303,000
North River
240,000
East River
250,000
Manuf’rs’ & Mer.
100.000
Fourth National 3.5 0,000
Central National. 2,000,000
Second National.
300,000
Ninth National..
75 >,(00
First National...
.500,000
Third National.. 1,00',000
N. Y. Nat. Exch.
300,000
40,000
7,500
98,000
169/2CO
132,500
1,100
1.711.700
952,709
2,531,000
1,074,40)
2,790,000
1.133.200
1,980,030
11,062,300
771*, 6C0
278,000
-198,000
2.700
890,800
180,C03
450*666
338,000
5,400
495* i66
617,000
4.700
742.500
694,300
361.100
750,000
1,850,600
174.(0)
507,830
213,000
1,817,0u0
German Americ’n
3,800
26,800
724.900
12,205.600
7,232,000
250,000
2 0,003
512.100
16,5(0
1,700
740,800
Bowery National.
New York County
195,600
6*9,100
797,930
1
132,800
23,100
15 000
109*765
696,200
140.100
564.100
139.200
97,300
108,660
403, U0
3,597,000 11,495,400 1,054,56)
1,520,000 8,604,000 1,324,000
2,123.060
817,000
265,000
1.240.200 3.409.500
541.800
1,604,81)0
8,75 V,000
45,OCO
797,700
2,603,300 6,351,600
269.000
772,930
206,000
867,700
245,000
219.800
329.700 1.199.400
180,000
613,103 1,966,330
Legal tenders
Inc.
The
following
211'590,900
1.
8.
15.
22.
29.
July
July
July
July
Aug.
6.
Net
a
36,620,700
232.113.400
35.935.900
35.486.900
195,600
£
199,074,000
201,038,000
199,686,100
198,985.300
199,867,900
i0/271,500
205,785,200
205,384,100
205,965,600
213,816,700
217,411/00
221,252,100
222.133/00
219,978,500
$
do
do
do
do
do
5s, cur., reg
5s, new, reg.
6s, ol
i’12
il2%
5. 104
106
!. 109% 110
68,10-15, reg,
do
....
«
9
6s, In. Plar
Philadelphia, 5s re
reg.
....
Bid. Ask.
Hartford & Erie 7s, new
Massachusetts 5s, gold
lioston 69, currency
do
5s, gold
Chicago sewerage 7s
116
'
Municipal 7s
Portland 6s
Atcb. & Tcpeka 1st m.7s
100% 107
do
land grant 7s 105% 100
do
do
Boston
""
2d 7s
Ian) Inc. 83..
&
9%
Albany 7s
do
6s
Boston & Lowell 7s
Boston & Maine 7s
...
Kan.
7s
do
...
City Top.* W., 7s, 1st
do
do
106%|10?
1103%
7s, Inc.. 100
Eastern, Mass., S^s. new.
...
do
Os
Omaha & S. Western,8s ....
Pu°blo & Ark. Valley, 7s
i ttutland 83,1st mort
Verm’t C. 1st m., 7s
| Vermont Canada, new 8s.
: Vermont & Mass. KU., 6s....
’
6s,gold,
reg
...
96%
~2t" ~
72%L... I
103%!l03%
7695
& Topeka
..
Albany
Lowel'
Maine
Providence
58%
125
125%
i 74 ! 74%
10?^ilC8
105% jli 6
97%
*
7s, str.lmp.,reg./83
N. Jersey 6s, reg. and coup
do
exempt, rg. & co
Camden County 6s, coup..
Camden City 63, coupon ..
do
7s, reg. & coi
Delaware 6s. coupon
Harrisburg City 6s, coupoi
do
>.
*
.
RAILROAD STOCKS.
C ’mden & Atlantic
do
do
pref...
Catawlssa
do
,pref
do
new pref
Delaware & Bound Brook.
East Pennsylvania
Eunira& Williamsport....
do
do
pre
35%
32%
•
*
*
*
-
#
#
•
•
«
Lelilgh Valley...,
Little Schuylkill
Nesquehoulng Valley.
do
do
folk
Norristown
Northern Pacific, pref..
North Pennsylvania ..
Pennsylvania
Philadelphia & Erie....
Pniladelphla & Read ng
Philadelphia & Trenton
Pliila.Wllming. & Baltimore
Pittsburg Titusv. & Buff....
United N. J. Companies
•
•
•
West Chester consol, pref...
West Jersey
\
1
h
1
130
t8b.& Connell8v.7s,’98,J&J
;(
h
;;;
Chesapeake & Delaware
*18% ”18%
Morns
do
pref
50
120
...
Pennsylvania
Schuylkill Navigation
do
\
...
....
”8% 1
pref..
Concord.
Connecticut River
Conn. & Passumpslc
41
Eastern (Mass.)
13%
Eastern (New Hampshire)
Fitchburg
116% 116%
Kan. City Top. & Western
08
Manchester & Lawrence
1131
Nashua & Lowell
New York & New England... I 24% 25
t Ex rights.
93%
104
105
105
95
108
104
93
101
110
105
110
66
107
110
82
32
14
89”
MISCELLANEOUS.
Allegheny Vai., 7 3-l0s, 1393
do
7s, E. ext., 191 )
do
inc. 7s, end.. ’94
Belvidere Dela. 1st m.,68,
)o
2d in. 6s.’8 >.
do
do
BONDS.
rthern Central 6s, ’85, J&J 100
do
68.1900, A.&O. 102
do 6s, gld, 1900, J.&J. 92
l. Ohio 6s, lstm./90,M.& S. 100
Md. 6s. 1st m., gr.,’90,J.& J. 107
lo
1st in., 1890, J. & J... 100
lo
2d in., guar., J. & J — 107
0)
lo
2d in., pref
do 2d m.,gr. by W.Co.J&J 100
lo 6s. 3d in., guar., J.& J. 107
fcO
r. & Cla. 7s, ’92, F. & A ...
do
2d, M. & N ... — 30
13
do
8s,3d,J.&J
Ion RR. 1st, guar., J. & J.. 105
85
do
Can on endorsed.
1
4
3%
120% 127
AD
.
CANAL STOCKS.
Lehigh Navigation
...
6s,exempt,’3S.M.&S. 113 118
110% 112%
1900, J. &J
110% 112%
1902, J.&J
110%
111%
water, 8s
It. & Ohio 6s, 1880, J.&J.... 101
105
do
63,1885, A.&O.
95
W. Va. 3d m.,guar.,’85,J&J
1
!7%
17
125
110
112
112
105
1C 8
109
6s, 189), quarterly... 110% 110%
111
6s, park, 1890, Q.—M. 110
112
115
6s, 1893, M.& 8
BA1LK
t
8
7%
•
•
.
42
32%
40
•
108
110
107
100
100
108
\;
k...
99% 101
lt?8 im
•
•
00
RAILROAD 8TOCK8.
Par.
,.& Ohio
100
do
Wash. Branch. 100
do
Parkersb’g Br. .50
1
[ o0%
47
...
5s, quarterly
do
do
do
39% *3«%
43% 1 44
•
.
6s, boat&car,rg.,1313
7s, boat&car,rg.,19 5
6% 1890, quarterly.,
*
••
•
92
91%
60%
68, reg., 1307
do
do
•
r*
do
m.
6s, exempt, 1887
35
;;;;
do
2d
do
do
•
104%
BALTIMORE.
33
8
....
•
\
....
31%
•
do
do
do
ryland 6s, defense, J.& J..
101
•
•
100
95
iylk. Nav.lst rn.6s.rg ,’97.
....
•
mort. RR., rg./97 104
91
m. couv. g., r< g.,’94
91
mort. gold, ’97.
75
cons. m.7s, rg.,1911
isylvania 6s, coup., ’.91!
103%
...
105%
rls, boat loan, reg., i88f
81%
60
63, coup,
mort.
.
20
1)4%
Harilsburg 1st mort. 6s, ’8).
H. & B. T. 1st m. 7s, g >ld, ’90
do
2d in. 7b, gold, '95
do
3d m. cons. 7s,’93*
Ithaca& Athens 1st g d, *s.,’9<
103
,
J unction 1st mort. 6’82.
do
2d mort. 63,19JO
103%
•
•
#
105
31
84
97
73
106
20
...
r
Ind. Cin. & Laf. 1st in. 7s
1
do
(l.&C.) 1st in.7s,’83
L
Little
Miami 63, ’63
Cin.
Ham. & Dayton stock.
C
Columbus
c
& Xenia stock
L
Dayton & Michigan stock....
8. p.e. st’k, guar
do
L
Little
Miami stock
•“
—
110% m%
...
r
Louisville 7s
1 100
>
107%' 108
113
I
„
„
>
1
t
1
104% 106
104%! 100
75
2)
113
104
107
1
1
1
85
34
15%
86
88%
100
25
88
90
+
6s,’82 to’87
+
6s, ’97 to *94
t
water 6s,’87 to ’89
water stock 6s,’97.t
wharf 6s
t
ppec’l tax 6s of ’89.t
T
\
84% 84%
2dm., 7s
1st m.,7s, 1906....t 100
106%
v. C.& Lex. 1st m. 7s,’97.
past-due coupons
t
102%
o
114%l
o
104 v.
L ex
107%
108% 109
05%
93
100
LOUISVILLE.
00%: ioo
Pa.& N.Y-.C. & RR. 7s,’96-'906,
Pennsylv., 1st m., Os, cp., ’80..
do
gen. m. 6s, cp.. 1910
do
een. m. 6s, ig.,1910.
do
cons, m 6 , rg., 1905
99X
.
•
109
North. Penu. 1st m. 6s, cp./85
do
2d m. 7s, cp.,’96
do gen. m. 7s, cp., 1903
do gen. in. 7s, reg., 190Oll Creek 1st m. 7s, coup.,'8;.
rittsb. Titusv. & B., 7s, cp./9(
do
scrip....
15%
Dayton & Mich. 1st m. 7s. ’81. 100% 100%
do
2dm. 7s, ’84. 96
98
90*
do
3d m. 7s, ’88.
92
100
c
Dayton & West. 1stm., ’81...+
b7
do
1st m., 1905
do
1st m. Cs, i905 x78
....
...
6s,- p.,19
90
105
108
100
86
£
iod
....
do
93
103
100
95
& Indiana >st m. 7s
70
do
2d m.7s, ’17...
Colum. & Xenia, 1st m. 7s, ’90 104
...
do
7s
V30s...
South. RR. 7-308.
do
6s, gold
£
.
...
110
Co., O., 6s. long., .t 95
ao
7s, 1 to 5 yr8..+ 100% 100%
103
do
7 & 7‘30s, long.f 104
108
100% p
70
Cln.& Cov. Bridge st’k, pref.
ICO
101
& D. 1st m. 7s, ’80
c Ham.
;;;; Cin.
2d m. 7e,’85.. 91
do
97
31
Cin. Ham. & Ind., 7s, guar....
37
107
98%
10 4%
do
do
do
do
fc
Hamilton
110
105
blast Penn. 1st mort. 7s, ’88
E1.& W’msport, ist in., 7s, ’61
do
5s,perp
Cincinnati 6s
97
.
100
15
CINCINNATI.
r
...
102
94
103
102
109
6s, ’89.
Cam. & Atl. 1st m. 7s, g.,1903
do
21 m., 78, cur., ’ " 102
Cam. & Burlington Co. 6s.’£
100
Catawlssa 1st, 7s, conv., ’o2.
do
chat, in., 10s, ’88
do
new 7s 1890
Connecting 6s, 1900-i904....
r
j
108
107
87
25
_
L
!!!!
L
100
’86
t
m.Leb.Br.Ex.,7s,’80-15.t
Leb. Br. 6s,
1st
95.
95%
95%
Phila. & Erie 1st in 6s, cp.,’8i
105%
do
2d m 7s, cp.,’S8 100% 101%
Phila. & Read. 1st m. 6s, ’43-’44, 104
104%
86
30%
do
d J
’48-.49,
ST. LOUIS.
do
2d m., 7s,»p .’9.1 i'll
g............f 102
do
s
deben., cp., ’93*
water 6s, gold
t 103% 104%
do
do
cps. cff.
do
CO
60
'
.do new.+,103% 104%
do
scrip, I8S2.
bridge appr., g.6s f.10^% 104%
do
In. in.Is, cr
103
renewal, gold, 6s.ftl03% 104%
do cons. m. Is, cp.,1911..
!
sewer, g. 6s, ’9.-2-3.f 103% 104%
do cons, m.78, rg.,19’.i.. 104% 105
Cl
St. Louis Co. new park,g.63.t 103% 104%
do cous.m.6e,g.l.t9il....
cur..fs
7s
t 105
do
'59
107%
do conv. 7s, 1693'
43
46
30
St
do
37
7s, coup, off, ’93
24
26
do scrip, 1882
21
22%
Phila.& Read. C.& I. deb. 7s,v2
104
Lou.In.
do
68, ’93...f
Consol. 1st m. 7s. ’98
son Mad. & Ind. stock.
io‘4%
_
J
•
%
55%
75
105%
do
do
do
do
....
lbs
7s, w’t’rln,rg.&
90
108%
113% 114%
114% 115
r
do 6s, n.,rg., 895 <S
Allegheny County 53, coup..
a ll’egheny City 7s, reg.,..
’60
Pittsburg 4s, coup., 1913..
do
5s, reg. & cp., 1! ). 80
do
do
I
STOCKS.
Atchi on
Boston &
Boston &
Boston &
Boston &
112% Burlington & Mo. In Neb.f.
Cheshire preferred
Cin Sandusky & Clev....
Bo8;on& Lowell 6s
Boston & Providence 7*
Burl. & Mo., land erant 7s....
do
Neb. 8s, 1894
do
Neb. 8s, 1333
Corn. * Passumpslc, 7f, 189,'.
Fitchburg RR., 6s
'
Bid. Ask.
■)>rdensburg & Lake Ch.3s..
Oid Colony, 7s
Maine Ce
New Hampshire 68
Vermont 6s
do
SECURITIES.
97
CANAL BOND3.
**•
106
-
5
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
BOSTON.
Union & Titusv. 1st m.
United N. J. cons. m. 6s,’94..
05
Warren & F. 1st in.7s, ’95
112
West Chester cons. 7s, ’91
West Jersey 6s, deb., coup.,’83
1st m. 6s, cp., ’96. 101%
do
104
1st m. 7s,’99
do.
Western Penu. RR. 6s,op.!S99
do
6s P. B.,’96.
-
.
STATE AND CITY BONDS.
116%:
8RGUBITIK8.
90
'
.
19,806.900 289.487,491
19.838,500 400,609,680
19,885,100 377.110,111
19,910,700 401,592,977
19,906,300 373,731,072
19,912,300 359,353,328
19,944,600 441,442,055
19,959,200 381,415,325
19,982,400 426,ISO,360
20,021,800 419.201,399
19,998,300 439,525,545
20,033,100 361,572.687
20,012,300 382,688,684
20.005,800 3 >1,364,165
19,941,600 339,022,452
19.979,600 374,239,182
19,984,900 390,933,811
19,609,900 361,64-4,610
19,934.200 349,403,759
19,823,900 353,550,231
19,522,10) 376,809.115
19,405,100 352,707,254
19,078,000 353,322,472
19,273,600 4 4,140,015
■93
109
7s, ’90. 50
RAILROAD BONDS.
Deposits. Circulation. Agg. Clear,
S
240.649.100
236,018,400
Inc..
series of weeks pa-t;
*3,978,000 210.894,600
33.137.900 213,933,400
30.655.900 215,155,900
30,326,200 215,085.100
29,605,700 211,938,500
29.425.400 210,378,400
26,637,000 204,663,200
28,666-, 100 201,926,600
32,186.000 202,053,400
34,933,800 200,875.000
230.301.500 3 ,585,100
229.936.400
0,051,900 35,435.300
232,030,700 27,469,500 38,612,000
233,122,600 23,030.200 41,020,100
233.997.200 19,827,100 44,023,900
234,049,400 17,001,200 47,248,000
236,132/03 16,801,200 47.816.400
234.639.100 17,105,2)0 49.502.900
2:34,7)3,700 15,069,700 52.466.900
232.720.200 16,311,900 53.996.300
236.516,000 20,420,000 53,.606,300
234.120.100 22,049,600 55.556.300
236.195.500 22,001,600 57/543,900
238,636/ 00 19,695,600 58,409,600
238,096,200 17,990,800 58,610,100
13.
20.
27.
3.
Vermont & Massachusetts
88%
Stony Creek 1st in.7s i9)7....
Sunbury & Erie 1st m. 7s, ’97..
113
Susquehanna
L. Tenders
32.379.400
33.326.400
37.116.900
39.545.900
39,687,500
38.767,600
Dec. $2,175,260
deposits
Circulation;
the totals for
*
243.659.100
246.456.200
246,320,800
242,978,903
241.566,700
Apr. 6.
Apr. 13.
Apr. .20.
Apr. 27.
May 4.
May II.
May 18.
May 25.
$5 '9,830
1,704,8 0
200,500
Specie.
Loans.
S
1878.
Feb. 23.
Mar. 2.
Mar. 9.
Mar. 16.
Mar. 23.
Mar. 30.
June
June
Jun.
Jun.
Jun.
are
Rutland, preferred
Delaware Division
64,625,2X) 2:38,096,203 17,990,800 58,610,100 219,978,500 19,273,600
The deviations from returns of previous week are as follows :
Dec.
Pueblo & Ark msas.,
Mtnehlll
Total
Dec.
..
.
..
347,666
540,000
537,100
3.137,300
7,662,300
4,291,200
1,127,600
l,0t8,900
1,106,700
Specie
..
5j5,7C0
411,300
302.500
21.100
..
>.
251.200 3,635,700 13,329,900
588 600
Phil.&R.C.&I deb. 7s. cps.off
do scrip, 1382
do mort., 7s, 1892-3
Phila. Wllm.& Balt. 6s,’84
Pitts. Cin. & St. Louis 78,1900
Shamokin V.& Pottsv.7s, 1901
Stcubenv. & Ind. 1st, 6s, 1884.
9Ui ....
128
*27^s 23
Ogdensb. & L. Champlain
S4bV 85
do
prel
1021%
103
Old Colony
.
85
Portland Saco & Portsmot h 83
re
Norwich & Worcester
16,039,000 1,134,400 3,340,100 17,633,100 1,103.600
...
Loans
Bid. Ask.
SECURITIES.
231,003
391,000
985,500
446,866
30,960
652.400
1.958.100
231,000 3,501,000 10,867,000 2,067,000
322,900
77,8)0
1,695 600
245,80)
3,900
207.100
1.748.400
29.300
500,000
1,796,000
3,000,000 12,177.000
600,000
1,719,200
1,0)0,000
1,996,800
1,000,000
2,318,000
1,000,0'0
2.013,700
1,000.( 03
3,433,700
1,000,000
3,261,800
1,250,000
3,695 600
300,000
1,323,600
Importers'&Trad 1,500,000
3.403.10)
3,059,810
2,031,200
1,755,1(30
2.655.100
1.224.10)
1.607.800
4,605,260
80,000
160.700
35,COO
1,660,700
......
Irving
Metropolitan
$
278.500
325,600
352.800 1,856,0)0
2,227,900
215.100
962,300
32,100
88,600
918,200
45,000
1,640/00
493,303
145.100
1,719,400
200,000
13,693,000 1,476,030 1,029 600 10.268,000
837.700 2,72 \6C0 11,428,000 1,807,403
17,840,000
852,703
432.300
670,20)
Republic
Ask.
•
...
.
,
r
Circulation.
’
Capital. Discounts. Specie.
$
$
$
New York
3,000,000
9,999,510 2,309,600
465.700
Manhattan Co.... 2,( 50,000
5,321,100
Merchants1
2,000,000
6,726,100 1,131,900
243/(00
Mechanics’
2,000.000
6,413,600
379.800
Union
1,200,000
3.S27,200
America
3,000,000
7,069.000 1,190,700
198,000
Phoenix
1,0)0,000
2,104,000
815.200
City
1,000 000
4,149,800
298.300
Tradesmen’s
1,000,000
3,178,00)
161.100
Fulton
6 0,000
1,164.500
Banks.
..
Bid
SECURITIES.
Etc.-Continued.
AVERAGE AMOUNT OP
,
Chemical..
143
CHRONICLE.
THE
10, 1878.]
August
-■>
**
*
Iu default of luterect.
*
t And Interest.
144
THE CHRONICLE.
[Vql. xxvil
• a
OF STOCKS
quoted
are,
on a
AND
previous page.
STATE
sxcuBims.
Bid.
Alaoama 5s, 1883
do
5s, 1886
do
8si 1886.
do
8s, 1888
do
8s, M.AE.KR..
do
8s, Ala. ACh.K
do
Bs Of 1842
iO
8s of 1893
Arkansas 6s, funded
do 7s, L. R. A Ft. S. lss
do 73 Memphis A L.R.
do 7s,L.K.P.B. AN.O
do 7s, Miss. O. A R. R
do 7s, Ark. Cent. KR...
Connecticut 6s
•
•
•
♦
9 ^ 9
•
•
•
•
do”
...
107
100*
101
Kentucky 6s
..
RAILROAD
lUllroad Stocks.
Erie, let mort., extended
80
.
•
•
.*
do
pref...
Cleve. Col. Cin. & 1...-.
do
85
30
•
*8*2*
102
23%
.
4
Dubuque A Sioux City.
Erie pref
4*
67*
.
•
•
•
70
•
i39*
Harlem
Joliet A Chicago
Kansas Pacific
Dong Island
4
2*
.
i.
i‘57
!
Ohio*
Mlnslss’npl.pref
Pitts. Ft. W. & Cn., guar.
<
do
do
'94%
.
special
Rensselaer A Saratoga
Rome Watertown & Og.
•
4
95
.
"V*
.
do
•
•
do
...
-5
8t. L. I. Mt & Southern..
f
....
'
....
i26*
United N.J.R. AC.
130
25
Maryland Coal
Pennsylvania Coal.
Spring Mountain Coal...
Mariposa L. A M. Co
do
do
pref
Ontario Silver Mining...
Railroad Bonds.
do
27
....
...
39%
guar.
....
27
20%
24%
70%
*85
27
*25
ex coui
Chicago & Alton 1st
mort
Income
Chicago,1st m.
do
Joliet A
«7*
7107*
.
L
do
do
•
5s sin
7h.Rk.I.&P..s.f.ln
6s, 1917, coupon..
6s, 1917, regfst’d.
do
do
do
do
Lehl
do
•
112
83
71
80
Am.
do
do
5b
45
50
asset.
Imp. b<
4v)
i ssen
118%
103%
do
do
104
do
do
•
112*
90
70
90
69%
aesen
W.B.con.i
do
:k &
11 *
113
ib*8* ib*8*%
,
do
tssented.
do conv..
do
■
99
....
do 1st consol,
t
•
112%
const
1st m., LaC.D.
1st m.,I.AM...
1st m., I. A D.
100*
100
100
65
50
58
05
119
100
104
108
;oi
101
101
do
do
1st m.,H. ‘
100*
do
let m., C.
1C3
do
97% 87%
do
2d m
*100
Chic. A N. West. sink, fd
107
do
lnt. bonds,
do
110
consol, bds
do
ext’n bds..
do
107
1st mort..
!!!!
do
cp.gld.bds. 10,.%
do
99
i
reg. do
Iowa Midland, :st m. 8s.
ioo
Galena A Chicago Ext
105
Peninsula, let m.,conv.
115
Chic. & Mllw., 1st mort. *106
108
Winona A St. P- 1st m.
100
do
2d mort. *85
90
C.C.C.Alnd’s 1st m.7s,SF
100* 107
do
84
consol.m.bde
84 *
}06* lbti%
...
.
.
*ib*4
....
....
Del. Lack. A WeBt., 2d m
do
do
106% 107*
7b, conv.
7s, 190
102
100
mcrt..
Syr. Blngh. & N.Y. it-t.Is
Morris & Essex, 1st. m..
do
2d mort..
do
do
construct’n
do
7s, of-1871
do
1st con. guar.
Del.&Hud.Canal, 1st eg.,’84
do
do 1891
do
1st extended,
do
coup. is. 1894
do
reg. Is, 1894
Albany A Susq. ist bds.
do
do
kd do
Sd do
103%
105
4t
•••
ii’o*
106
85
97
103
92
100
101
102
104
99*
....
102* 103*
ioo
do 1st cons. gn»
Rens. A Saratoga. 1st cp
105
*V0
100
101
103
...
115
...
•
•
-
•
•
•
.
n
#
4
105
104
104
103*
103*
*116
no*
107
no
iot%
do
do
do
5s,
5s,
do
do
do
do
do
consolidated....
do
1st
do
Spring, dlv
2d mort....
loan... 1883.
.
.
1863
New bonds, J. A J
H
A. A O
8peclal tax. Class 1
do
Class 2
do
Class 3
8
2
2
STOCKS
AND
Western Union Tel., iDOU.cp...
do
do
reg
110
104
110
111
110
102*
106
111
t 98
do
78, sewerage
do
7s, water
do
7s, river lmprovem’t
Cleveland 7s, long
Detroit Water Works 7s.......
Elizabeth City, 1880-1905
do
1885-93
Hartford 6s, various
tI08
Indianapolis 7-30s
tl05
Newark
+....
+ 106
do
+104* 105*
+105
107
+104*
...
UP
ill
79
80
+ 110
174
175
104
107
107*
96
Water ib,long.... mi*
112*
102*6 102$*
+106
98
109
RAILROADS.
Atchison A P. Peak, 6s. gold..
40
45
Boston A N. Y. Air Line. 1st m 101
103
Bur. A Mo. RIv., land m. 7s....
112*
do
convert 8s. var. ser.
*110
Cairo A Fulton, 1st 7s, gold...
73*
California Pac. RR- 7s, gold
98
95
do
6s, 2am. g.
85
81
Central of Iowa lstm. 7s,gold.
40
37
Keokuk A St. Paul 8a
101*
O’. *101
Carthage A Bur. 8s
tlOl
102*
Dixon Peoria A Han. 8s.. ■8* *102
O. O. A Fox R. Valley 8s. CQ
tilt* il*2
..
104*
104*6 104*
.
118
:11S
o
new series.
do
do
21
21
72*
SC¬
*28*
91*
SI*
registered
81*
it
Union A Logansport is...
Un. Pacific, So. Br 6s. ra¬
west Wisconsin 6s,g.,new
do
do
1. gr.,7s...
■ji*
56*
57
00
70
40
South’11 Securities.
(Brokers' Quotations.)
STATES.
Alabama new consols, A..
B, 5s
C
Georgia 6s, 1878-’89
...
43*
70
40
100
S. Carolina con. 6s (good;.
Rejected (best sort)
M.AS.
7s, gold, 1892-1910.. J. A J.
7e, gold. 1904
J.AJ.
10s, pension, 1894.. J.AJ.
CITIES.
tl02
tllO*
*112
t!01
..
75
103
111
115
102
101
97
102
98
97
52
8s
Waterworks
Augusta, Ga.f 7s. bonds...
Charleston stock 6s
Charleston, S. C., 7s, F. L.
Columbus, Ga., 7s, bonds.
Lynchburg 6s
Macon bonds, 7s.
Memphis bond* C.
Ronds A and B
48
101
05
..
Texas 6s, 1892
i02
100
55
77
65
*00
95
65
35
35
35
.....
Endorsed, M. A C. UK.
Mobile 5s (coups, on)
8s
*75
37
37
37
20
20
(coup01'.s on)
6s, funded
Montgomery,
32
35*
new 5s
New 38
Nashville 6s, old
6s
new
80
80
.30
30
36
.......
New Orleans prem. 5s
Consolidated6s...
Railroad, 6s
•••«
-
Evansville Hen. A Nashv. 7s...
E. Tenn. Va. A Ga. 1st. 7s.
41
Income, 7s.
Evansville, T. H. A Chic. 7s. g.
Stock
50
58
IstCaron’tB
Flint A Pere M. 8s,Land grant.
*83
87
Georgia RR. 7s
South Pa*. of Mo., 1st ra...
84
86
Fort W., Jackson A Sag. 8s, 89
6s..
Kansas Pac., 1st m.. 6s, 1895.. *105
Grand R.A Ind. 1st 7s, l.g., gu.
8tOCk..
*94
do
with coup. c.fs. 100
do • Jst'.s, 1. g., notgu.
Greenville
A Col. 7s, 1st m.
84
do let m.. 6s, 1396
*95
do
1st ex 1. g. 7s.
7s. guar.
50
do
w'lih coup. ctfs.
*87
90* Grand River Valley 9s, 1st m.. *100 ioi*
Macon A Augusta bonds..
do 1st, 7s, Leaveu.br.,’96
SO
Houston A Gt. North. 1st 7s, g.
2d endorsed
56
60
do
with coup ctfs
28
Hous. A Texas C. 1st 7s, gold..
fctoclc
91
do lst,7s,R.AL.G.D’d.’99
do
We3t. div
80
Memphis A Cha’ston 1st 7s
do
with coup. ctfs...
*60
65
do
2d 7s
80
84
^Yaco
do 1st m., 78, Fd gr., ’80.
do
consol, bds..
btock
74
do
with coup, ctfs
95
Indianapolis A St. Louis lst7e
65
73
Memph. A Little Kock 1st
do Tnc. cp. No. li on 1916
Indlanap. A Vlncen. 1st 7s, gr.
77
Mississippi Cent. 1st m. 7s
do Inc. cp. No. 16on 1916
International tTexas) Istg...
53
2d mort. os
65
] ’ennsyl vanla KR—
Int. H. A G. N. conv. 8s
JO
2d mort., ex coupons....
19
Pitts. Ft. W. & Chic., Istm..
118
120
Iowa Falls A Sioux C. 1st 7s...
:Ml8s. A Tenn. 1st m. 8s, A.
90
t88
do
do
2dm.. 114*
Jackson Lans. A Sag. Ss,lstm. tl02
l8tmort.,88, B
do
do
3dm.. i;3
Kal. Allegan. A G. K. 8s, gr.
Mobile A Ohio sterling 8s
93
Cleve. A Pitts., consol., s.f.
112
Kalamazoo A South H. 8s, gr..
*70
Sterling ex cert. 6s
uo
4lhmort....
Kansas City A Cameron Ills... *103
8s,Interest
Col. Chic. A Ind. C., 1st mort
4:% 45% Keokuk A Des Moines let 7s...
2d
mort. 8s
74
77*
do
do
2d mort
15
do
funded lnt. 8s
,'N. O. A Jacks. 1st m. 8s..
SO
1
82% 38
90
100
Certificate, 2d mort 8s.,
Long Island RR., 1st mort. ..
s
104
105* Louisv. A^asbv. cons. m. 7s
100
Nashville Chat. A St. L. 7s
107
do
do
2d m60
do
2dm., 7s, g.
Nashville A Decatur 1st 7e
8T* 88
a
iio
Michigan Air Line 8s, 1890.... *104% 105% N orf 01k A Petersb.l8tm .8s
do
2d mort.,pref,.
*60
Montclair A G. L.lst is, (new;.
1st mort.7s.
SO
45
do
2d mort. lnc’me
20
*21
do
2d m. Vs (old m., lsts).;.
3
0
2d mort. 8s
Belleville A S. IU.R.lst in. 8s
Mo. K.A Tex. 1st 7s, g., 1904-’06
38
Northeast., S.C., 1st m. 8s.
1
100
do
2d m. Income...
2d mort. 8s
do
do
W. D.
N. J. Midland 1st '7s, gold
22
24
Orange A Alex’drla, lets,6s
do
do Bur. Dlv.
N. Y. Elevated RR., 1st m
86
88
i:ds,68.
do
do 2d mort..
N. Y. A Osw. Mid. 1st
5
6
3ds,8s
do
do
consol. 7tdo recelv’s ctfs.(labor)
4 tlis, 8s
27
34
I
do
do
(other)
20
25
Rlchm’d A Petersb.lst 78do
ex coupon
99
Omaha A Southwestern RR. 3e 113
113* Rich. Fred. A Potomac 6s.
do
istm.St.L. div..,
92
mort. 7s
Oswego A Rome 7s, guar ..
80
93
do
ex-matured coup....
74
Peoria Pekin A J. 1st mort
Rich.A Danv. 1st consoles
*29
40
do
2d mort
90
Pullman Palace Car Co. stoak.
70
74
‘Southwest.,Ga .conv.7s,’S6
Ex A Nov.,’77, cour.
do
64
do
Southwestern. Ga., stock.
bds., 8s, 4th series
91* 93
do
equip! bonds.
11
S. Carolina RR. 1st m. 7s.
11% St. L. A I. Mt. (Ark. Br.) 7s, g.
09
71
do
con. con vert
50
St. L. A San F., 2d m., class A.
43
46
7s, 1902
do Ex. Aug.,*78,A prev’s
36
do
do
class B.
25
7s, non mort
27*
Great Western, 1st m., 1838.. *115
do
do
class C.
Savannah
A Char .1st m. 7s
22
do
ex coupon
St.L.ASo’east. cons.7s,gold,’94
98* 100*
35
Cha’ston A Sav. 6s, end.
do
2d mort., ’93
St. Louis Vandalla A T. H. 1st. 101
West Ala., 1st mort. 8s
105
do Ex A Nov..’77,coud
*62
64
do
70
2d, guar
2d m.88, guar
75
Quincy A Toledo, 1st m.t ’90PAST DUE COUPONS
65
Sandusky Mans. A Newark 7s. 85
do ex mat. A Nov.,’77,cou.
South Side, L. 1., 1st m. bonds.
88
Tennessee State coupons..
Illinois A So. Iowa, 1st mort
do
sink. fund...
32
33
South Carolina conso)
do
ex coupon
Southern Minn. 1st mort. 8s...
87
91
Virginia coupons
Han. A Cent. Missouri, 1st m
do
Ts, 1st.
98
Consol, cour*..
Pekin Llnc’ln A Dec’t’r.lst m
Tol. Can. S. A Det. 1st7s, g....
42
Memphis Citv coupons...
t Aud accrued interest.
JNo price to-day; these a;e latest quotations made this week.
98
&
8*
IT
65
,
90
90
32
Quincy A Warsaw 8s
tilO* 111*1
Wharf improvem’ts, 7-30
Illinois Grand Trunk
110*
110* 111*! Norfolk 6b
To*
74* 74% Chicago A Iowa R. 8s
65
Petersburg 6s
95
12u* 121* Chic. A Can. South istm.gT^s
*25
2L
8b
Chic.
A East. ill. 1st mort., 6s
1<*5
120*
01
03* Richmond 6s
do
.2d
m.
102
104% 104*
Inc. 7s.
22
18
98
Savennah 7s, old
99
Chic A Mien. L. Sh. 1st 8s, ’89.
00
*95
98
'jg new,,....
98% Chic. A S’thwestern 7s, guar..
55
91
Cin.
Lafayette A Chic., 1st m..
Wdlm’ton*,N.c!t6s,g*.) coup
59* 59%
65
Col. A Hock V. 1st 7s, 39 years, 102
8s, gold.
) on.
75
103*
do
1st 78,10 years,
RAILROADS.
101
99
do
2d 7s, 20 yearsAla.
A
Chatt.l6t
105* 106
m.
91
90
8s,end.
8
Receiver’s Cert’s (var’s)
52
43
20
93*| 93* Connectlcut Valley 7s
Connecticut Western 1st7s..,.
*90*
Atlantic A Gulf, consol..
25
20
90*
Dan. Urb. Bl. A P. 1st m. 7s, g.
103* 107
32
37
Consol., end.by Savan’h
96
Carolina Cent. 1st m. 6s,g.
96* Denver Pac., 1st m.7s, ld.gr.,g.
45
42
*30
*102
Cent.
102* Denver A Rio Grande 7s, gold.
62
03
Georgia consol.m.7s 103*
Detroit A Bay City 8s, end..... ’t~0
Stock
45
i 05% 106% Erie A Pittsburgh let 7s
Charlotte Col. A A. 1st 7s.
99
70
105
do
con. m., 78Cheraw A Darlington 6s..
105*
80
105
do
102* 102*
East Tenn. A Georgia 6s..
7s, equip...
78
85
10<% 10*% Evansville A Crawfordsv., 7s.. ioi
E. Tenn.AVa. 6s.end.Tenn
105
90
97
34*
33%,
f?*
small
107* Atlanta, Ga., 7s..-.
HI* Oswego 7s
tioi
102
1111* Poughkeepsie Water
tllO
111*
Rochester C. Water bds., 1903. tin* 113
Toledo 8s. 1889-’94
Toledo '-30s
Yonkers Water, due 1903
33%
BONDS.
109
Long Island City
City 7s long
6s,
354
34%
5s, ex matured coup
68, consol., 2d series
6s, deferred bonds
D. of Columbia 3*65s, 1924.
2*j
2*1
CITIES.
.
'
Virginia 5s, old
6s, new bonds, 1866......
6s,
do
186“
5s, consol, bonds
Miscellaneous List.
(Brokers' Quotations.)
....
...
.
do
ioi*
Ohio 6s, 1881
32
Non-fundable bonds
Tinnessee 6s, old.
do
6s, new
70
70
50
c0
9
8
Funding act, ;866
do
18
30
30
40
40
7b of 1888
14*
14*
Ask.
106~
Funding act, 1866
Land C., 1889, J. & J
LandC.. 1889, A. & O....
.
.
88
30
he.
110
44
21
20
April & Oct
f
T
1892
do
.1893
North Carolina—
6s, old. J. A J
do
A. A O
S. c. RR
J. A J,
do
..A.AO
do coup, off, J. A .1
do
do* off, A. A O
Bid.
8KCTTBITIK8.
Ohio 6s, 1886
R lode Island 6s, cp., ’33-4
Sjuth Carolina 6a
Jan. A July
,
113
113
1891
Albany, N. Y., 6s, long
110* Buffalo Water, long
Chicago
6s long dates
93
105*
do
do
do
5s,
5s
Ask.
,
do
N. Y. Central 6s, 1883
do
6s, 1887
do
6s, real estatedo
6s, subscription,
do A Hudson, lst m., coup
do
do
1st m., reg.
Hudson R. 7s, 2d m., s.f., 1885
C inada South., 1st guar
Harlem, 1st mort. 7s, coup...
do
do
78. reg...
2d
;
104*
105
105
,
..
105*
112
Pacific R. of Mo., 1st mort.
i
•
Mich. Cent., consol. 76, 1902...
do
1st m. 88. i882, s.f. *111
do
equipment bonds
do San Joaquin branch
do Cal. A Oregon Ibt
do Stnte Aid bonds..
do Land Grant bonds..
Western Pacific bonds..
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’de
do
Land grants, 7s.
do
Sinking fund...
*105
*100
•
Bid.
5s, gold, reg.... 1887
6s, do coup..’887
10 J*
bds
Central Pacific gold bonds.,
1 !4
.
.
•
n
105*
l;
20
....
Mlnn.A St.L.,1st 7b gua
Cheua. <s Ohio 6s, 1st ju¬
do
1
25% .**’
;
100
101
104
101
108?*
Cons, reg.,2d.
Marietta A Cin. 1st mort
* 10
;
7s,
•
115
100
do
•
Atlantic & Pac. Tel
Am. District Telegraph..
Canton Co., Baltimore...
American Coal
Consolidate Coal of Md.
Cumberland Coal A Iron
do
do
7s, 1879
do
7s, 1883
do
7s, 1830
do
7s, 1888
cons., mort., g’d
•
.
do Long Dock bonds
*109*
Buff. N. Y. & E, 1st. m., 1916.. *10<*
Han. A St. Jo., 8s, conv. mort.
94
Illinois Central—
Dubuque A Sioux City.lst m.
do
do
2d dlv.
Cedar F. A Minn., 1st mort..
Indlanap. Bl. A W., 1st mort... *21
do
do
2d mort.
Lake Shore—
Mich S. A N. Ind., S.F., 7 p.c.
Cleve. A Tol. sinking fund.. 7107%
do
new bonds.... *107
Cleve. P’vllle A Ash., old bd6 K'2*
do
do
Dew bds
11U*
Buffalo A Erie, new bond6... *110*;
Buffalo A State Line 7s
*10Z
Kalamazoo A W. Pigeon, 1st *100
Det. Mon. A Tol.,1st 7s, 1906 *104
Lake Shore Dlv. bonds
*110
do
Cons, coup., 1st.
111
do
Cons, reg., 1st.,
111_
do
Cons, coup.,2d.,
103*
24
81
8L
.
Col. Chic. A I Cent
do
do
do
2d
3d
4th
5th
•
MISCELLANEOUS
Kens. & Saratoga, 1st reg..,
)
Chicago & Alton
AND
•
BK0UEITIK8.
New York State—
M,Canal Doan, 1878
104%
...
•
•
74
73*
6s, 1883
•
22*
-
....
..
101
.
•
•
the par may
BONDS.
Ask.
50
50
to
50
50
00
50
T
do
7s, 1890
Missouri 6s. due 1878
do
do
18S2or’83.
do
do
1886
do
do
13-17
do
do
1883.
do
do
1889 or’9J....
Asvlum or Un-due 1892
Fundini due 1834-5
Han. A St. Jos., due 1886
do
do 1887..
....
107* 108*
106*
War loan...
6s,'new float’gdebt.
do
7s, Penitentiary
do
6s, levee
do
88, do
do
8s, do 1875
do
8s, Of 1910
do
7s, consolidated
do
7s, small
Michigan 63. 1873-79
•
....
3
3
3
108
99
...
6s, new
ao
do
•
Bid.
skcueitiks.
Louisiana 6s
....
....
Georgia 6s
do
78,new bonds....
do
7s, endorsed.
do
7s,gold bonds...
Illinois 6s, coupon, 1879...
do
Ask.
43
43
43
43
8
8
20
20
20
BONDS IN NEW YORK.
Prices represent the per cent value, whatever
I
QUOTATIONS
U. S. Bonds and active Railroad Stocks
..
•
•
40
38
98
104
05 ^
60
*85*
9
00
91*
46
35
105
54
73
*88
100
95
101
40
1C5
i*08
*67*
*70*
90
30
95
*97
ioi*
102
83
••
82
5
38
10C
100
84
109
85
ioo*
T
...
...
...
.
.
$
45
15
105
100
99
1(0
99
94
.
93
105
90
80
69
7
42
102
105
86
Ill
87
05
01
50
20
108
103
100*
101
101
95*
95
74
40
12
95
90
95
70
100
72
101
To*
S5
20
21
‘5*
80
306
104
1040
108*
1(6
25
15
40
15
78
80
30
40
THE CHRONICLE.
1878.]
August 10,
NEW YORK
LOCAL
SECURITIES.
Bank Stock List.
Capital.
COMPAN’E<*.
Insurance Stock List,
[Quotations by K. 8. Bailey, broker. 7 Pine street.]
Dividends.
Surplus
145
Pbioe.
Net
Capital.
5
’)
Amount
tu
America4..
.
3
Bowery
*
.
.
P.
Central..
...
Chase
Chatham
.
.
...
.
Citizens’
City
.
Commerce
Continental
Corn Exch’ge*
East River
11th Ward
.
.
Fifth
.
.
First
Fourth..
Fulton
Gallatin.
.
...
.
.
*
Imp.& Traders’
Irving
Island City*..
Leather Manui
•
.
....
•
•
•
•
•
76 ,200 F.&A.
52,600 J.& J.
18,000 J. & J.
49,0 U Q—J.
Manhattan*..
50
60
Marine...'
100
Market
100
Mechanics’....
25
50
25
Mercantile
100
Merchants’.
50
Merchants’ E:
50
100
Metropolis4.
Metropolitan
100
100
Murray Hill*
Nassau4
100
NewYors.
100
N. Y.County.. 100
N. Y. N. Excb. 100
Ninth....
100
No. America*.
70
North River*.
50
Oriental*
25
Pacific*...
50
Park
100
....
.
..
100,000
1,000,000
3,000,000
200,000
300,000
750,000
700,000
240,000
7k
10
7k
422,700
2,000,000
Atlantic
oh ‘Uly,
May,
July,
10
0
Jan.,
....
10
»78. 3
’78.15
’78, 3
’78. 5
120
118
’78. 4
’76. 3
75k
’78. 5
’78. 3H
’76. 3
Citizens’
City
Commerce Fire
•
•
40
Eagle
Empire City.... 100
100
Emporium
30
Exchange
50
Farragut
.
.f|
225
Ju y, ’7«. 3
335
OH July, *78 3
98
10
May, ’78. 5
7
118
Apr , ’78. 3H 112
Feb., ’74. 8
82fy 85
17
Firemen’s
Firemen’s Fund 10
Firemen’s Tr.. 10
100
Franklin
German-Amer. 100
50
Germania
50
Globe
25
Greenwich
6
6
7
8
7
....
...
8
3
14
10
3
7
14
8
Jan., »77. 3
July, *78. 3H
July, ’78. 7
July, ’78. 4
6* Jan., ’78. 3
12
July, ’78. 5
8
Aug , ’78. 4
12
9
.
May, ’78. 5
May, ’77. 6
May, ‘78. 3
Juiy,
Jan.,
Wi July,
9
July,
2 H May,
7k Nov.,
6
May,
....
....
5
8
10
3
9
8
8
8
....
Mi
10
7k Juiy,
OH July,
Jan.,
*10* July,
July,
OH
10
4
3H
6
7
J. & J.
J. & J.
J.& J.
12
12
10
10
7
Q-F.
'75.
’76.
’78.
’78.
’77.
’77.
’78.
’78.
’77.
’76.
’78.
’78.
’78.
100
193
i99*
Jan.,
July,
July,
July,
3
6
140*
r
3H
5
3H ibo
125
4
2H 50
85
12
100
....
....
3k
3
3
75
120
90
3
8k
5
3
2k
I
....
ngIsl.(Bkn.)
120
85
J
]
...
...
I j
....
75
75
3
rilllard*
I
....
’77. 3
’77.
’74.
’78.
Aug , ’78.
iuly, ’78.
July, ’78.
if
50
50
100
25
50
50
75k
1
70
3k
5^
...
1
•...
I i
2k 124
a<jBklyn
30
20
40
50
100
25
50
25
J.&J.
155.000 I.& J.
141,700 J. & J.
1,560(60“)
.
•
6
10
6
3
4
100
100
25
50
50
50
50
50
37k
1
1
1
1
90k
•
t
r
■
...
'
....
•
•
•
•
#
...
{mblic...
••
Citizens’Gas Co (Bklyn)
^do
1,C00
sertiflcates
Harlem
50
20
50
100
V r.
100
*
Jersey City & Hoboken
Manhattan
Metropolitan..
do
certificates
Mutual, N. Y
ffassau, Brooklyn
do
scrip
New York
.
People’s (Brooklyn)
bonds
do
do
do
do
certificates.
Central of New York
Williamsburg
do
...
scrip
Metropolitan, Brooklyn
Municipal
5
3
Var.
Var.
320,000 A.&O.
Yar.
50
50
Var.
100
100
3
4,000.000 J. & J.
2,500,000 M.& S.
5
5
88^,000 J.& J.
3k
F.& A.
Var.
\i.<fcN.
M.&N.
J. & J.
M.&N.
300,000 J. & J.
3kg
F.& A.
Quar,
J. & J.
M.&N.
155
80
100
80
160
,
?k
1,000,000 SI. & s.
Quar.
466,000
1,000,000
1,000,009
1,000,000
1,500,000
Apr ’78 145
July, ’78 x73
Apr., ’78 95
Feb., ’78 70
July, ’78 150
June, ’78 180
Aug., ’78 130
Aug., ’78 103
July, ’78 72
Aug., ’78 95
3*
1,850.000 F.&A.
5,000,000
1,000,000
25 1,000,000
Va
700,000
100 4,000,000
10 1,000,000
1,000
325,000
1,000
bonds
do
2,000,000
1,200,000
i*
3
May, ’78
3* Jan.r ’76
9X
3* July,. ’78
3k Feb.,’7«
lk Ju:y, ’78
M Ju.y, ’78
May, *78
4
Broadway
dk Seventh
stk..
1st mortgage
100
York:
NtW
2,100,000 Q-J.
1,000 1,500,000 J.&D.
100
10
Brooklyn City—stock
1,000
1st mortgage
694,000 9. & J.
2,000(000 Q-F.
'300,000 M.&N.
100
Broadway (Brooklyn)— stock...
200,000
100
Brooklyn dk Hunter’s PL— stock.
400,000
1st mortgage bonds
1,000
300(000
100
Bushwick Av. (B’klyn)—stock..
500,000
100
Ventral Pk.t y.dk E. River—stk.
1,800,000
Consolidated mortgage bonos. 1,000 1,200,000
100
1,200,000
Dry Dock, E. B. dk Battery—ills..
1st mortgage,
500&C
cons’d
1st mortgage...
2dSt. dk Grand St /ferry-stock
1st mortgage
Central Cross lown- stock. ...
1st mortgage.
Houston, West st.dkPav.F’y—stk
1st mortgage
Second Avenue—stock
••
t, r»
•• tr P
J. & J.
J. & D.
Q-F.
900,000 J.&D
3
.
1,000,000 J.& J.
1,000
203,000 J. & J.
100
748,000 M.&N.
1,000
236,000 A.&O.
100
1,000
100
500
100
1,000
3d mortgage
Cons. ConvertlDlc....
.
Twenty-ihlra Street—sloe*...
3
7
.
600,000
100
1,000
6
7
6
7
....
200,000 M.&N.
250,000
500,000 J. & J.
1,199.500 Q.-F.
150,000 A.&O.
1,050,000 M.&N.
200,000
750,000
1,000
415,000
100 2,000,000
'7,000,000
1,000
7
2
7
Croton water stock..1845-51.
do
do
..1852-60.
Croton Aqued’ctstock. 1865.
do
pipes and mains...
reservoir bonds
io
Central Paik bonds. .1853-57.
A.& O.
M.&N.
J. & J.
Q-F.
J. & J.
600,000 J & J.
250.000 M.&N
.
’78
’84
Aug., ’78
June, ’93 101
Ju y, ’78
JaD., ’84 100
May, ’78 115
Apr., ’93 105
....
•
•
•
40
.
7
Nov.1904
w*
7
2
7
7
.7
5
7
10
7
July, ’94
Apr., ’78
Apr., ’85
May, ’88
84
4
7
’Tina column snows last dividend on stocks, bat the date
65
98
’73 140
’80 104
’78 135
Oct., ’76 76
100
1888
75
July. ’78 55
97
1902
•
Oct.. ’83
.
.
.
,
95
....
....
’77 50
’90 105
’78 108
’90 95
Aug., ’78 95
M-v, ’93 100
May/
July,
May,
July,
..1853-65.
no
1870.
1*75.
do
*
’78 L.
! J’ly,1900 92
•
1854-57.
Dock bonds
'July,
July,
June,
3k Aug.,
7
Nov.,
3
Ju’y»
7
A. & 0.
J. & a
100
Eighth Avenue—stock..
Extension
Sixth Avenue- stock..
1st mortgage
Third Are n ut—stock
ortgage
Q-J.
7
1841-63.
Water stock
do
98
(
900,000
1860.
Floating debt stock
25
95
68
1865-68.
Market stock
Improvement stock.... 1869
do
101**
160
110
150
85
102
85
60
100
86
....1869.
co
Consolidated bonds
var.
Street imp. stock
do
do
New Consolidated
Westchester County
var.
var.
85
60
115
111
100
100
103
of maturity of bonds.
•
Jan., ’7«?
5
V*
•
•
•
« •
11a
50
110
55
125
155
125
260
70
135
97
114
70
110
110
87
90
150
110
95
*85
140
108
170
90
145
195
150
6*5*
116
120
240
115
125
70
100
80
125
108
95
185
114
200
Prior.
Months
5
6
5
6
6
7
6
5
6
7
6
6
7
6
7
6 g.
6
7
0 g.
7
Bonds
Payable.
due.
Bid. Ask
Feb., May Aug.& Nov. 1878-1880 100
do
do
do
do
do
do
do
do
May & November.
Feb.,May Aug.&Nov.
do
do
Jo
do
May & November.
Feb.,May, Aug.& Nov.
May & November.
"
do
do
do
do
do
do
do
do
do
do
January & July.
do
do
1878-1879
1890
1883-1890
1884-1911
1884-1900
1907-1911
1878-1898
100
101k
103
104
109
107
161
1877-1895 100
116
1901
106
1898
100
1878
J894-1897 117
105
1889
1879-1890 102
10S
1901
1888
102k
1879-1882 102
1'8
1896
106
1894
101
102
102
106k
108
117
108
103
107
117
108
101
1!8
1C6
114
100
105
1<5
109
107
•
Park bonds
.
82*
0
10
18
5
5
25
[Quotations by N. T. Bkrrs, Jr., Broker, 2k Wall st.]
Brooklyn—Local JLinpr’em’t—
Qlty hnnrlR
102
#
110
125
115
50
96
24
90
50
100
i70
AUg..’7g. 5
.July. ’78. 6
July, ’77. 5
,
Rate.
[Quotations byH. L. Grant, Broker, 145 Broadway.]
1,000
ig.io
,’28.10
78.10
136
165
2,022
17k
Interest.
do
T&eecker St.dk Fultonj/erry—sV^.
1st mortgage
185
190
City Securities.
80
85
90
LOO
67
80
96
60
95
100
5
’78.10
[Quotations by Daniel A. Moran, Broker, 40 Wall 8treet.]
mi
....
4
65
85
140
100
65
*
Over all liabilities, including re-lnsurance. capital and scrip,
t Inclusive of
scrip.
Figure* with a minus sign before them sh.w that the tou-Dany is
impaired to that extent.
185
135
104
76
102
76
97
95
30
72
93
90
20
90
70
•July .’78
M May, ’78
,’28.'
7
5
ft*
Rate.
j
25
20
’78.
’78.
’7?
ISO
95
_
Railroad Stocks and
Brooklyn Gas Light Co
60
5
78. y*
,
35
100
Peoples’*
412,500
100
Phenlx
77
80
20 1.000.000
July, ’78. 3
100
irwi!
ortn non
Produce*
1,600
July, ’74, 3k
50
*
Republic
100
316,100 F.&A.
OH Aug., ’78( 3 " 82
25
St. Nicholas... 100 1,000,000
8
162,000 F.&A.
OH Aug. ’77. 2k
i
25
Seventh Ward 100, 800,000
6
3
49,100 J. & J.
Jan., ’77. 3
i
100
Second
10
6-S100 I. & J. 12
300,000
July,’78. 4
i
20
8hoe & Leather 100 1.000.000
Ju y, ’78. 5
10
203,500 J. & J. 11
F
50
Sixth
8
7
100
46,800 J.& J
Jan., ’78. 3
50
F
200,000
State of N. Y.. 100
7
195,900 M.&.N.
LOS
May, ’78. 3k
100
800,000
F
Third
8
3
J. & J.
100 ,or 0,000
nil.
Jan., ’78. 3
50
Fi
9
Tradesmen’s... 40 .,000,000 309,400 J. & J. 10
Jan., ’78. 4
I F
100
Union
9
8
50 1,200,000
May, ’78. 5
694,200 H.&N.
: 05
100
gewood.
■Heat Side4
8
8
100
Jan., ’78. 4
25
87,000 J. & J.
b
200,000
100
I s deguard
;.Nlchiolas.... 25
5 The figures In this column are of date June 29th for the National banks, and of
Standard
50
date Jane 22d for the State banks.
Star
100
Gas and City
!00
Bonds.
Sterling
25
Stuyvesant
[Gas Quotations by George H. Prentiss, Broker, 30 Broad Street. 1
Tradesmen’s.... 25
United States.. 25
Date.
Gab Companies.
Par.
Amount. Period.
Bid. Ask
Westchester... 10
*
Wllliamsb’g C. 50
...
JulyJuly.
July.
Jan.,
July*
June,
Aug,,
JUT.
July.
172,204 20
July. *7h. s
0 11*45 12& July, ’78.6-75 158
1,000,00f 1,006,519
190
30
20
Apl., ,8.10
300,000 517.688 80
14
14
July, 78. 5 105
200,000 102,4as 14
10
3
Jan., ’77. 3
(IP
200,000 —11,973
115*
20
15
200,000 111,728 15
Aug.. ;78. 5
154.588
15
15
12*
200,000
July, ’78. 7* 125
15
90,569 19
12
July, ’78 5 103
204,000
40
10
10
150,000 —13,386 io
•Inly. ’77. 5
87,581 12
12
12
150,000
July. ’78. 5 100
-12,658'
200,000
io * io
1,000,000 720,101 10
July. ’78. 5 117
30
30
500,000 679,890 10
July, ’78. 7 140
20
20
200,000 129,778 18
July. ’78. 5 108
40
321,187 55
40
200,000
July, ’78.
50
5
200,000
Jau.. ’77.
10
10
10
S3,298
Juy, ’78. 3k 60
200,000
20
120
20
20
July, ’78. 7*
150,000 137,207
10
10
July. ’78. 5 127
500,000 599,219 10
10
90
10
10
95,223
July, ’78. 5
200,000
110
10
10
July, ’78.
3,000,000 1,179.042 10
10
10
19,135 10
lfO,000
July, ’78.
ioo
12
12
July, ’78
500,000 144,783 12
12
100
12
12
Julv, ’78.
200,000 108,807
80
10
13
41,245 13
July, ’78.
200,000
10
10
200,000 t298,081 10
Mar., ’18
20
199,066 20
150,000
July. ’78.10
i20
10
10
21,568 20
Jau
’78. 5
280,000
20
140
20
20
Ju v, ’78. 8
150,000 162,772
10
10
200,000 126,421(10
July, ’78. 5
90
10
10
51,864 10
Ju y, ’78. 5
150,000
150
20
20
200,000 f294,756jl6
July, ’78. 8
80
10
10
81,567 10
300,000
July, ’78. 5
125
11
12
Ju y. ’78. 6
200,000 201,431 10
14
100
14
20
250,000 227/80
July, ’78. 5
30
30
200,000 272,201 30
July, ’78.10 160
20
20
150,000 183,521 10
July, ’7*i.l0 160
►0
10
10
54,368 10
200,000
July, ’78. 5
20
20
200,000 170,808 20
July, ’78. 8 185
20
20
18
200,000 114,891
July, ’78. 5
25
20
200,000 184,751 20
July, ’78.10
12
115.836
16
14
200,000
jHly, ’78. 5 102
20
20
210,000 332,342 20
July, ’78.10 185
180
20
17
200,000 170,985 20
Aug.. ’78. 7
19,550
200,000
10
‘
*
50
io
50,864
io* July, ’77. 5
300,000
10
12
500,000 432,403 10
’78. 5 110
July.
110
J2
11
350,000 125,671 12
Apr., ’78. 5
30
210
20
200,000 418,974 30
July.
’78.10
20
20
200,000 103,590 20
July, ’78. 6 105
20
20
150,000 207,114 20
July, ’7810 180
20
110
20
112,290
18
150,000
July,
’78. 6
20
112
<!0
Ju y, ’78. 5
1,000,000 656,319 15
11,261 5
200,000
8k
M J»n., ’77. 3k 50
61,535 10
10
L0
200,000
July, ’78. 5
10
10
70*
[0
300,000 t33,061
July, ’78. 5
11
13
73,072
90
L2
200,000
July, ’78. 5
25
20
150
200,000 209,231 20
July, ’78.10
200,000 119,037 12* 15k 16
July, ’78. 8
10
0
60
19,411 10
200,000
Aug., ’78 5
200,000 169,443 11*6 11-55 2 35 July, 78.6-23 120
103
15
800,000 162,622
17k Jlyu, ’78. 5
10
0
54,227
200,000
Feb., ’78. 5
120
20
20
.6
Jan
200,000
150,216
’78. 7
25
5JO
150,000
181,242 20
July, ’78. 5 125
16
6
250,000 237,990 16
July, ’78. 6 125
100
10
0
300,000
196,307 10
Aug., ’78. 5
20
5fO
414,028 20
250,000
July, ’78.10 196
•
1*15
Hamilton
Hoffman.
80*
May,
7H July, ’78. 3k 105k
8
Jan., 78. 4
8
Aug.,’78. 4
6
100
Guaranty
Guardian....... 100
10
15
15
10
4
10
20
20
20
20
Bid. Ask.
Last Paid
130
130
55
250,000
300,000
200,000
200,000
50
10
25
15*
10
8
10
20
20
20
20
20
20
10
10
25
Price.
120
120
50
55
178,940 20
145,720 90
210,000
Continental.,.. 100
.t
•
807,980 20
209,786 30
20
t4W3,435
800,000
100
...
28,316 10
200,000
13,981 14
200,000
400,000 t560,904 15
10
73,779
200,000
517 8
200,000
78,642 10
200,000
300,000 415,561 30
153,000
30
Commercial
1875. 1876. 1877.
200,000
100
Clinton
Columbia
120^
Aug.
OH July,
July,
10
Oct., 77, 2H
....
50
25
25
17
20
70
Bowery
Broadway
Brooklyn
--T.
•
’uly,
July.
loo
Amity
8
Sent. ’75, 5
Uly, ’77. 4
Ju y. ’78.
3H
....
*8
80,400 J.& J.
79,200 F. & A.
24,100 J.& J.
300,000
JuTy, ’78.
9
ICO
loo
American.
50
American Excb loo
12
12
55,200 M.&N.
747,000 •J. & J.
29,500
86,000
l65,8uo
219,500
243,200
•
25
.(Etna.
103^i 103k
....
....
871,500 J. & J.
90,000 A.& 0.
3,000,000
•
10
43,«00 May.
200,000
89,800 May.
200,000
15,600 M.&N.
200,000
nl».
97,600
25,000 J. & J.
300.000
1,000,000 145,800 J. & J.
1,500,000 l,68o,300 J. & J.
500,000 JL08,30d J. & J
8,500 J. & J.
100,000
600,000 415,700 J & J
2,050,000 1,103,000 F.&A
10,100 J. & J.
100,000
77,200 J. & J.
400,000
1,000,000 267,100 J. & J.
2,000,000 865,700 J. & J.
81,200 M.&N.
500,000
89,200 M.&N.
600,000
! ,000,000
172,600 M.&N.
2,000,000 684,30-3 J.& J.
1,000,000 217,600 J. & J.
45.90C J. & J.
500,000
.
16
8
8
JH
6
Far. Amount
Adriatic
4
3
5
Dividends.
Surplus,
Companies.
Ask.
....
....
.
•July *70
May. ’78.
July. ’78.
12
•
•
10
100
8
20
7
3
10
......
100
50
fO
100
.
Bid
Last Paid.
8
JO
8
.
297,100 I.& J.
1,250,000
1,000,000
250,000
.
•
.
25
100,000
100
150,000
145,000
100
100,000
100
500,000 1,244,000 Q—J.
985,000 J. & J.
100 3,500,000
600,000 444,800 M.&N.
672,100 A.& 0.
50 1,500,000
40,700 F.& A.
100
750,000
100
.
68
300,000 3,100.500 Rl-m’ly
150,8'K) J. & J.
600.00C
100 1,000,000 1,564,300 M.&N.
100 •-,000,000 2,723,300 I. & J.
Manuf. & Mer.
..
9
7
12
100
100
Greenwich*..., 25
Grand Central
25
40
Grocers4....
100
Hanover
*
•
•
100
100
25
.
Period 1876 1877
3,000,00C 1,525,TOC J. * J
5,000,00c 1,2-5,6 OC M.&N
184,40C •J. & J
250,00C
150,00(
1,000,000 1,100,710 J.& J.
M. & S
200,000
38.60C J. & J
500,000
2,000,000 30 .800 J. & J.
17.00C
300,000
25
460,000 156,000 J.& J.
10c
IOC
IOC
1(M
25
10
25
100
10c
.
Chemlca'.,..
dates. §
Water loan bonds
i
1
■Rrfdye bonds
Will
loan.
nr
City bonds
1
|
"do
do
Park bonds
Rridgo.
•AH
r
7
7
7
7
7
6
6
7
6
6
6
1878-1880 101
1881-1895 105
1915-1924 110H
Jannarv & July.
do
do
do
do
do
do
do
do
ao
do
do
do
1903
1915
1902-1905
1881-1895
1880-1883
1880-1885
May & November.
do
do
1924
January & July,
do
116*
108
104
103
102
106k
1907-1910 107
do
‘
Brooklyn bonds fiat.
[Quotations by C. Zabbiskib, 4? Montgomery
Jersey CityWater loan, long..
do
..... ....
..1869-71
St., Jersey City.]
Janaary At July.
January dk July,
do
do
1895
101
1899-1002 107
1877-1879 100
Sewerage bonds
1866-69.
Assessment bonds... 1870-71.
Jan.,May, July At Nov.
Improvement bonds
Bergen bonds
1868-69.
J. & J. and J AD.
1891
1905
January and July.
1900
106k
107
105
102
108
101 a
107
108
106
146
THE CHRONICLE.
Of the items in the abcve statement charged
against net earn¬
ings, some will not occur again, while others are extraordinary,
and may be stated as follows:
Juucstmcuis
AND
25 Nashville & Northwestern RR. bonds endorsed
STATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement is
published
Right of way, Nashville & Northwestern Railroad
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 *f the Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
in that shape.
ANNUAL
on
Extra amoun t of steel rails
Extra amount of cross ties
Iron bridges on main line
Iron bridges on Tennessee & Pacific Railroad
Making
Which
June 30,1878, has yet come to hand.
The main liue and branches operated are now as follows:
Mainline
321 miles.
30
“
35
“
43
“
Tennessee & Pacific Branch
McMinnville & Manchester Branch
Winchester & Alabama Branch
Jasper Branch..:
19^ “
Shelby ville Branch
8
Total main line and branches
Freight
Passage
Mail
Rente, &c
..
Net
“
453*4 “
Maintenance of way
$1,287,322
516,381
42,843
25,258
$1,811,808
Motive power
Maintenance of
$342,3 2
286,275
117,488
cars
Conducting transportati in..
I
261.956
62; 198
Total
$1,070,270
$801,538
earnings above operating expenses
In addition to the
operating expenses as above, the following
payments have been made during the year:
Interest
Interest
on
bonded debt
on
Interest
floating deit
on
cost of
„
& Pacific Railroad
Difference in cost of steel over iron rails. 25 per cent on $129,190
Extra ties used in laying 34 miles of steel rail, 600 to the mile extra..
Iron
Bridge
Paid
on
i enneseee
over Stone’s River, on Tennessee & Pacific Railroad
account of iron bridges on Chattanooga Division
Twenty-five Nashville & Northwestern RR. bonds endorsed by this
company, due July 1, 1878
Paid on account of right of way, Nashville & Northwestern RR
Two dividend:- paid to the stockholders
Taxes
Taxes
paid in Alabama
in
Tennessee, charged
up,
Lavergne disaster
-
but not paid, previous to July 1, ’78.
Total
Surplus
&
total of
$95,143
are
Bloomington until May, 1877, when the
possession.
Stock........
Total.
$1,991,592
$1,923,724
67,867—$1,991,592
4,909
18,634
10,063
$740,746
60,791
.
Construction
Cash, supplies, balances due
Of the passengers carried, 2,870 were
through and 84,142 local.
Of the freight, 83,047 tons were east-bound and
8,506 tons west¬
bound ; 62,688 tons were grain.
The average tons to each loaded
car were 10£.
The earnings for the year were as follows:
Freight
$98,760
..„—
Paseengers
Express, mail, &c
Gross
131 505
24.951
46;641
Expenses
25,000
2,133
$400,000
1,520,000
=-
Surplus.....
14,887
13,206
32,297
5,100
•
Bonds
Accounts and balances
$452,400
12,011
18,600
company resumed
There is no equipment owned,
passenger equipment being
leased on a mileage basis from the receiver of the
Lafayette
Muncie & Bloomington, while three freight
engines and 325 box
cars are leased from the United States
Rolling Stock Company.
The general account is as follows:
,
Expenses
! Miscellaneous
Total
a
In May, 1876,the present
company acquired possession through
foreclosure sale, but the road was leased to the
Lafayette Muncie
a
issued, and it is
the year ending
AND EXPENSES.
5,100
18,600
12,011
Lafayette Bloomington & Mississippi.
(For the year ending April 30,1878.)
Chattanooga & St. Louis.
(For the year ending June 30, 1878.)
RECEIPTS
3 2,297
strictly extraordinary payments. The iron bridges are
built to take the place of wooden
ones, and will be attended with
no
expense for many years to come.
Nashville
The annual report of this company is promptly
the first road of any prominence whose report for
by this company.... $25,000
2,133
....
REPORTS.
Receipts.
fVoL. XXVII
59,002
7,465
earnings
$156,229
109,537
Net earnings
New' construction
Surplus
The rental
$46,641
3,724
$42,916
paid for freight
£ cent per mile run ; mile¬
age made on connecting lines was paid directly to the United
States Rolling Stock Company.
Construction expenses were
for necessary buildings round-house,
turn-table, &c., and new
sidings.
*
During the year 1,270 feet of new sidings were laid ; 10,115
cars was
•
.
new
tits and 21 tons iron
were
laid.
The iron in the track is little
and light renewals will be sufficient for a time; but a care¬
operations of the main line, Shelby ville and Jasper
ful estimate shows that 43,394 ties need to be
Branches were as follows:
replaced, which is
being done as fast as possible.
'
RECEIPTS.
EXPENSES.
The company having received no books or accounts from the
Freight
$1,221,025 Maintenance of way
$314,051
former management, no comparisons can be made.
Passage
476,0t8 Motive power
' 274,054
When the
Mail
37.857 Maintenance of cars
114,679 change of management took place, May 1, 1877, all i raffle was
Rents and Privileges...
25,2:8 Conducting transportation.
250,207
suspended for four days, and at least two months were required
Gene al expenses
60,627
to get the business of the road
169,190
properly adjusted. Business was
$1,013,619 also suspended for a week during tbe July strikes.
These
Net earnings above operating expenses
$746,570 troublep, with the mild winter and bad roads, explain the
light
Of the other divisions the receipts and
expenses were as follows: earnings of the road for the year.
The
worn,
-
.
Net above
Receipts.
Expenses,
exp’nses
$55,2ti7
$21,144
$31,122
22,957
14,371
8,585
33,393
18,134
15,259
The Tennessee & Pacific Railroad has been
paid for, and its
cost included in bills payable, or
floating debt. The company
has issued $300,000 six per cent bonds secured
by mortgage on
this road, of which $20,000 have been
Tennessee & Pacific Railroad
McMinnville & Manchester RR
Winchester & Alabama RR
oper.
,
Lafayette Mancie & Bloomington.
(From May 14, 1877, to April 30, 1878.)
Mr. George H.
the period from
Chapman, the receiver, has made a report for
May 14, 1877, to April 30, 1878. Accounts are
kept separately for the Eastern Division, which includes the line
from Muncie to Lafayette, 83 2 miles, and the Western
Division,
disposed of, leaving from Lafayette to the Illinois line, 35 miles.
The equipment owned consists of 10
$280,000 in the hands of the company. When these are sold, the
engines; 6 passenger and
floating debt of the company will be reduced to very narrow 2 baggage cars; 150 box, 30 stock, 73 flat, and 8 caboose cars.
limits, and could be wiped entirely out at once by the sale of a Three freight engines, 200 boxcars in the White Line, 200 in
part of the stock ($282,218) of the Nashville Chattanooga & St. the Great Eastern Line, and 100 in the Hoosac Tunnel Line are
Louis Railway held by the directors for the
leased from the United States
company; but this
Rolling Stock Company.
The report of the general
they have not been inclined to do, as the investment is considered
superintendent gives the following
an
excellent
The
one
for the company.
operations of last fiscal
statistics:
have tended to confirm the
previously expressed opinion of the board as to the wisdom of
the purchase by this company of the three branch roads—the
Tennessee & Pacific, the McMinnville &
Manchester, and the
Winches er & Alabama Railroads. Toe two latter we
bought at a
cost of $320 000 in|forty-year six
per cent bonds of this company,
witb|first mort jage’on those roads, while their original cost was
about $1,100,000.
And ou the Tennessee & Pacific Railroad,
which cost originally about
$1,000,000, your company has issued
its own six per cent
forty-year bonds, with a mortgage ou that
year
road of
only $300,000, or $10,000 per mile.
The net earnings of this road will much more than
pay the
interest upon the $300,000 of bonds issued
upon it, and, being a
bond of
your company, promptness
principal is secuted.
in payment of interest and
not commence
earnings of
these roads, it will be perceived that the
profits for the year
were sufficient to
pay that sum and still leave a surplus of $4,645.
Total.
32,243
78,C87
Passenger mileage
871,157
612,165
1,483,322
freight carried
142,227
95,457
23”,684
Tonnage mileage
t
6,665,081
3,127,017
9,792,098
Grain furnished 103,058 tons of the
freight on the Eastern
Division and 75,044 tons on the Western Division.
The earnings
Tons
for the year were as follows
:
East. Div.
Freight
Passengers
$106,633
West. Div.
'
*
Mail and express
Other sources
Total
earnings.
$37,771
The auditor's statement of the receiver’s
at the close of the year is as follows:
Construction, additions during
Total
$163,535
50,454
19,767
-
$98,366
69,118
178,844
$£9,247
assets
21,106
$245,863
$67,019
and
liabilities
year
$26,545
..
hand
and balances due
Paid on account L. M. & B. Railroad
as dues to that
company
Cash
Total.
$56,901
21,272
3.273
16 918
$147,497
109,725
Expenses
running until 1st January last, so that in the above statement Equipment
only $9,600 are charged for interest on account of the purchase of Supplies on
Accounts
these roads, while the interest of the whole
year would have
Amounted to $19,200.
But, by reference to the net
West. Div.
45,844
Net
It is proper to state that interest on the
$320,000 of six per cent
bonds of this company, issued to
pay for the McMinnville & Man¬
chester and Winchester & Alabama Railroads, did
East. Div.
Pas engers carried
Company, less amount received
.
913
7,058
43,667
20,639
14,983
$113, 60J
j
THE CHRONICLE.
10, 1878.]
August
Accounts and balance?
payable
four years in the
that the Americans
$46,787
147
American iron trade have not altered the fact
rank second in regard to the production
29,247
of
pig.
same
time,
this production has slipped hack a
At
the
$113,SC6
since
1872,
American railroad interest was
good
deal
when
the
There were $45,000 rrceivf r’a certificates issued for indebtedness
In 1860, the quantity of pig
of the Lafayette Muneie & Bloomington Company, of which $29,- distinguished by a great activity.
505 are charged to the Eastern Division, and $15,494 to the Western iron made in the United State swas 987,559 tons. In 1870, the total
had risen to 1,850,000 tons,
in 1872, there was a rapid bound
Division. The floating debt of the company s‘ill outstanding is
upward
2,834,553
tons.
In
1874, however, this total had
to
estimated at $100,000, of which about $60,000 are for equipment.
The business of the road was almost entirely suspended when receded to 2,689,413 tons. In 1875, it further slipped hack to 2,266,the receiver took possession, and the revenues for the first two 581 tons; and in 1876, as we have already seen, it stood at 2,093,236
months were very small. The Eastern Division was still in an tons. Nevertheless the fact remains that the Americans now
unfinished condition, and the Western Division so badly depre¬ rank second among the industrial countries of the world in
regard to the production of pig iron.
ciated that it was hardly safe to run trains over. The receiver
“In steel, too, the Americans have made great progress.
Thus,
has laid 9 2-3 miles steel and 2£ miles iron rails, and 20,728 new
in 1876 they made 525,990 tons of Bessemer steel, 21,490 tons of
ties, the rails being all on the Western Division, where the track
Siemens steel, and 140.900 tons of other steel, or altoge her 688,had been several years in use.
A large amount has been
386 tons.
The corresponding production o Great Britain in the
expended in bridge repairs, and much more is needed. A large
same year was 700,000 tons of Bessemer steel, 130,150 tous of
part of the line has been fenced.
Siemens steel, and 140,000 tons of other steel, or altogether
Saint Paul & Duluth Railroad Company.
975,150 tons. Thus, the Americans rank immediately after the
Lake Superior & Mississippi Re-organized.
English as makers of steel. The Germans and French also pro¬
duce a certain quantity of steel, but Germany only made 370,710
(For the year ending May 31, 1878).
or
47,771
Surplus Eastern Division
Surplus Western Division
....
.
This company,
which is the successor of the Lake Superior &
Mississippi, terminates its fiscal year May 31, and the following
statements are for eleven months, from the date of the organiza¬
tion of this company to May 31, 1878.
The total amount of capital stock issued under the new organi¬
zation has been:
Of preferred—
To holders of 1st mortgage bonds Lake Superior
Railroad Company
To U. S. C< urt for bonds not yet presented..
To holders of Stillwater & St. Paul RR. Co. coupons
To Northern Pac fic Railroad Company
& Mississippi
$5,227,123
124,800
54,155
144,006
Of this there has been cance’ed by a payment of Northern Pacific
RR. Co ( n account of the purchase of one-half the railroad fiom
N. P. Junction to Du'uth...,
$128,000
on account of lands and
were lor sales previously made
$400
Leaving outstanding
The
stumpage, of which
73,473— 206,473
$5,343,616
....
Consisting of $5,342,20j stock
;
$1,416 stock scrip.
stock issued amounts to
stock scrip
$3,4 7,503
1,405— 3,488,905
common
Comm
>n
Mokin^ the total amount of capital stock, both pref. and com
The receipts aud expenditures have been as follows:
$8,832,522
RECEIPTS.
Freight
Passenger
$383,944
80,789
..
Mails
9,752
Express, rent, &c
8,863
...
Total
$483,349
........
EXPENDITURES.
General < ffice expen-es
Maintenance of roa iway
£26,058
Maintenance of
67,518
146,474—362,342
122.290
equipment
Transportation expenses
Net
receipts
$121,007
LAND
From land sales
Congress has endeavored to foster the growth of American metal¬
lurgical industry by every means in its power, and especially by
the imposition of virtually prohibitive import duties.
Still, if it
were not for the indefatigable in dustry of the Americans, and the
zeal and ardor with which they apply themselves to the pursuit
of the almighty dollar, we fancy that any legislative scheme
which might be matured by the collective wisdom of Congress
would not amount to very much.
Odo reason why Great Britain ;anks first as the chief iron¬
making country of the world is that her people have more
patient industry and more enduring perseverance than is probably
exhibited by the inhabitants of any other country; and the
Americans, being an offshoot of the Anglo-Saxon race, and
having, moreover, the precious advantages of great natural
resources, have soon contrived to work
themselves into the
second place as producers of iron. .
“The Americans have made a show of late of displacing metal¬
lurgy British products upon the chief markets of the world, and
especially upon the markets of the West Indie-, South America
and the English colonhs in Australasia; but we do not ttink
,
that American efforts in these directions have amounted to very
much hitherto.
It is never wise to underrate a competitor ; still,
the fact remains that we have been sending large quantities of
our railway iron this year to South America and the Antipodes,
and perhaps even larger quantities than before.
“After all, we fancy that the great market for North American
iron will be found to be North America itself; and it is no very
great hardship for American ironmasters that this should be the
case, since North America is almost a world in itself.
If the
demagogues who are dignified with the name of
politicians are not suffered to bring about internal disturbances,
and if the Americans resolutely and heartily pull together, there
would appear to be better times in store for the Great Republic—
better times which will ensure increased prosperity to the
$20,324
76,635
’
From stum page
$96.S59
Caab
France 291,750 tons in 1876
“When we consider that the times have been sadly out of joint
in the United States during the last three or four years, the
results we have indicated afford striking proof of the energy and
determination of the American character, and of the work which
it is capable of achieving.
It is true that the United States
reckless
DEPARTMENT.
RECEIPTS.
Of which
tons and
“
,
By payments
now
payments were made in preferred stock
American iron trade.”
78,073
receipts
$18,886
16,647—
Expenses—Land department
2,239
$12?,247
OTHER EXPENDITURES.
Atlantic & SL Lawrence.—At the annual meeting of the
stockholders held at Portland, it was voted to accept the act of
the last Legislature increasing the capital stock to $484,000.
The directors were authorized to issue stock to that amount, to
provide for the payment of bonds maturing November 1, 1878.
It was also voted to modify the lease with the Grand Trunk, so
Interest
6 626
that that company shall pay the interest on the stock issued.
State taxes
9,614
Central Pacific.—D. D. Colton aud S. W. Sanderson, trustees
Insurance
:..
4,442
Special and legal expenses
4,210— 43,226 under the land mortgage of the company dated October 1, 1870,
give notice that they hold $1,100,000 gold, to be used in the
Leaving net receipts
$8\020
redemption of bonds, according to the terras of the mortgage.
Investments and Improvements and Additions to Property.
They will receive sealed bids for the sale to them of bonds issued
Filling trestles and bridges near Duluth
$2,125
under the mortgage at their office, Fourth and Sanderson street?-,
Building gr-iin-honse, St. Paul
1,249
New fencing
1,537
San Francisco, until August 28.
Extens1 on to
Fixed Charges.
Rent of Stillwater & St. Paul Railroad
$18,333
.
.
telegraph
371
Total on account of roadway
Addition to equ pment
Addition to machinery in shops
and buildings
Payment to Northwestern equipment trust
Knife Falls Railroad
Stock farm—Mahtowa
'.
...
Leaving a surplus of
G-ENTSRAIj
Cincinnati
$5,284
1,500
227
40,665
12,311
5,151— 65,139
$14,^80
INVESTMENT
NEWS.
American Iron Trade—An English View.—The London
Colliery Guardian published an article recently from which the
following is extracted: “The fact is not without importance that
in the production of pig iron the United States now ranks second
among the iron making nations of the world.
Thus, the quantity
of pig iron made in Great Britain in 1876 was 6,555,997 tons,
while the production in the United States in the same year was
2,093,236 tons ; in Germany, 1,862,000 tons; in France, 1,449,536
tons; in Austria, 480,000 tons; in Belgium, 440,958 tons; in Rus¬
sia, 397,500 tons; and in Sweden, 339,486 tons. These may be
said to be the iron-making countries of the world, since the
combined production of all other nations did not exceed 228,000
tons.
“Even the bad times which have
prevailed during the last three
City Bonds.—The Mayor has appointed August
holding a special election on the proposition to
in. bonds for the completion of the Southern
Railroad, according to the contract recently made by the trustees.
14 as the day for
issue $2,000,000
Dayton &Southeas tern.—J.E. Gimperlinghas been appointel
Railroad, on appl cition
receiver of the Dayton & S rathe astern
of the trustees for the bondholders.
East River
(Brooklyn) Bridge.—At
of the East River
a meeting of the trustees
Bridge, the following resolution was adopted:
Resolved, That the trustees of the New York & Brooklyn Bridge hereby
New York and Brooklyn for the sum of $1,000,010 from
and $5Xy'00 from the City of New York, for the pur¬
pose? specified in section 3, chapter 300 of the Laws of 1875, such sains being,
la the opinion of the Board, proper and necessary, and that request be made
to the Mayors and Controllers of said cities accordingly.
call upon the cities of
the City of Brooklyn
The treasurer’s report showed that the receipts for July had
been $102,273, and the expenditures $130,336. Up to the present
time the total receipts have been $9,728,737, aud the total expen¬
ditures $9,718,722.
Erie Canal Freights.—The following is a statement of the
tonnage of leading articles shipped on the E*ie Canal from the
opening of navigation to August l,as compared with the business
of the corresponding perioi in 1877.
The tolls received for the
period in 1877 was $305,947; in 1878, $409,522:
148
THE CHRONICLE
9
6
8
1
0
7
1
8
7
.
2
5
7
8
1
6
87
1877.
Boards and
1878.
scantlings.458,409
527,82)
4,328
9,257
31,425
4,213
Shingles
Timber
Staves.
Wood.,
22,481
Ashes, pot and pearl..
914
Ashes, leached
20,365
Pork
3,301
....
Beef
Bacon
Cheese
1
25
10
Butter
12,857
26,215
20,150
146
20,987
2,374
3
1
6
Lard, tallow and lard-
oil
Wool
Hides
Flour
Wheat
3,227
345
211
119
426
2,825
64,686
1,979
304,515
147
Rye
Corn
Corn meal
5,774
22,636
284,504
328,896
5,112
46,218
Barley
10.199
Barley-malt
6,781
20,739
35,159
8b6
985
2,145
3,554
Oats
Bran and shiustuffs....
Peas and beans
7,983
10.984
-
1877.
1878.
14,803
11,924
3,817
1,667
2.677
2,186
298
590
2,545
45,441
2,040
58,068
Sugar.
3.602
Molasses
Coffee
1,493
20,455
2,589
ICO
303
Pig-iron
Bloom and bar iron
Castings arid iron ware
...
Domestic woolens....
Domestic cottons
Dome-tic salt
.
Foreign salt
an
5,834
[Voi„ XXVII.
early improvement.
The following statement,
Lake
Wheat. Corn.
3,621
/
Year.
2,108
1,361
2,326
6,517
4,510
Flint enamel, crockery,
glassware
601
All other merchandise. 18,987
Stone, lime and clay... 69,312
Gypsum
5,741
474,053
Anthracite coal
Bituminous coal
Iron
114,851
ore
•
Petroleum
or
•
•
7,636
6-0
1S73
187)
1,791
5,449
•
7
earth-oil,
crude and refined.... 63.864
77,089
1,927,068 2,220,431
Sundries
5 0
6*2
9 6
6-5
3T
2 8
1 9
2 6
1*7
25,347
92,137
326,4:0
94,294
—This week (August 8) water rates have advanced from
l^c.
for corn and lfc. for wheat from
Chicago to Buffalo, to 2c. for
corp and 2|c. for wheat, and by canal from 4fc.
for corn, and 2|c. for oats, to 4|c.,
4£c., and 3c.,
for wheat, 3|c.
respectively,
from
Buffalo to New York.
The present advanced rates
lake
and
by
canal amount to about 74c.
per bushel for wheat from Chicago to
New Yura, which is about one-half the all-rail
rate.
European & North American.—This railway for extension
from St. John westward, otherwise known as the New
Bruns¬
wick Division of the
European & North American road, will be
sold at St. John, N. B.,
August 31, under foreclosure of the first
mortgage of $2,000,000. The road is 91£ miles long from St.
John, N. B.,to Vanceboro.
Grand Trunk and Michigan Central.—It is stated that an
arrangement has been arrived at between the Grand Trunk
Railway of Canada and the Michigan Central, which will enable
the former company to run its trains into
Chicago. The arrange¬
ment as yet is not final, but the
preliminaries are settled, and it
is supposed that the positive
compact will be made at a conven¬
tion to be held at
Saratoga on the 20th instant. Mr. Vanderbilt
is said now to have placed the Grand Trunk
upon the same foot¬
ing as the New York Central and every other line having
running
arrangements with the Michigan Central. The officers of the
Grand Trunk, did not anticipate such
a policy on the part of Mr.
Vanderbilt, and prior to his late return from Europe took
,
cents,
Nails, spikes and horse-
shoes
Iron and steel
Railroad iron
showing the
average rates on wheat and corn from Chicago to Buffalo
by lake
for July, and the average on the same
cereals by canal to New
York, in each of the years named, indicates
unparalleled depres¬
sion :
cents,
4’8
47
5*7
8*8
5 6
2T
2 6
1-7
22
1*5
From these
Canal
*
Wheat. Corn.
.
cents,
1V0
9*4
11*8
12-0
106
90
7*5
5 9
5*4
4-3
cents.
12 6
9*2
10 8
104)
9*6
80
6*9
5*4
4*7
3*8
figures it will be seen that the average freight rate
on wheat from
Chicago to New York for the entire month was
only 6£ cents. Add to this the transfer, or elevator
charge here,
of $ a cent, and it makes the
average through rate for carrying
sixty pounds fifteen hundred miles only 7 cents. It is
scarcely
necessary to say that there is no money in this for
anybody.
Metropolitan Railway (Elevated).—On the 9th of July the
Metropolitan Elevated Railroad effected a mortgage, dated
July
10, 1878, to the Central Trust Company, for $GOO,OOG, or
$120,000
per mile of the double-track of said
Metropolitan Railroad, as it
should be
completed. Since then, the same company have
effected a second mortgage,
July 11, 1878, to Henry M. Alexander
and Charles G.
Francklyn, trustees of the New York Elevated
Railroad, to secure an additional loan of $900,000
per mile on the
road.
The mortgage bears 7 per cent
interest, coupons payable
April and October. The entire road, together with the
franchises,
building materials, rolling stock, and rights of
any nature or kind
the trustees to eecure the
bond, together
half interest of the
Metropolitan Road in the New
soever, are deeded to
with the one
York Elevated Road
already built and that is to be built from
Battery to King’s Bridge. The instrument is signed
by
William R Garrison, President, and John R.
Boody, Treasurer.
The title of the bond is the “ Second
mortgage income bonds ofthe Metropolitan Elevated
Railroad”—loan authorized by the
Board of Directors July 5, 1878
In explanation of this
transaction, a gentleman well acquainted
with the company’s affairs
speaks to a N. Y. Times reporter as
follows: “The company was formed
by Mr. Foster and others;
and a half-dozen rich
men, who were ready to assume the risk of
using their money to build the road, and to face the still
greater
risk of being
interrupted by litigation, supplied the means.
measures with a view of
obtaining some other means of com¬ These gentlemen were members of the New York Loan &
munication with Chicago; but if the
proposals of Mr. Vanderbilt
As the road was built, obstacles were
are
faithfully carried out, there will be no inducement to build ImprovementJCorapany.
removed in the way of
its franchise, and the prospects became
new lines.
better for ultimate success, and the Loan &
Improvement Com¬
Income Tax on Railroad Bonds.—The United States claimed pany took up all the stock. The road
would, they knew, be worth
the right to tax interest on some of the bonds of the
Erie Rail¬ more (if it proved a success) than it had cost. The first
way held in London.
The matter was put in suit, and Chief Jus¬ recorded was one estimate of value, and was not issued mortgage
to secure
tice Waite on the 2nd sent in the
following decision, affirming a loan of $600,000 a mile, as was erroneously supposed. The
a decision of
second mortgage, secured
Judge Blatchford :
by income bonds, issued to the trustee*
I fully concur with the learned District
named, is another estimate of value, a capitalization ol the
Judge
In
view
he
the
has
taken
cf
this case. The tax, for the
recovery of wkch the suit was brought, was a tax
company.
It is placed at $900,000 a mile, and the bonds are to
upon the owner of the bond and not upon the defendant. It
was not a tax in
bear
the
“
the nature of a tax In rem
upon the bond itself,
the owner of the bond, derived from that
of
erty.
The foreign
owner of these bonds
was
not
but upon
the income
particular piece of prop¬
in any respect subject to the
lis debtor was,
i'urisdiction
of the
was this portion of his income,
; neither
and United States
the money
of his debtor; but the money of his
so was
debtor did not become part of his income until
it was paid to him, and in this
the payment was outside of ihe United
States, in accordance with the
obligations of the contract which he held. The power of the United States to
tax is limited to
persons, property and business within their jurisdiction as
much as that of a State is limited to the same
case
{State tax
in
on
making its
recoverable.
subjects within its jurisdiction.
foreign-held bonds, 15 Wall, 3C0).
The default of the defendant
penalty thereupon is
returns was a continuing one. Only one
The judgment of the District Court is
affirmed.”
Indianapolis Bloomington & Western.—The main line of
tbis road will be sold in
Bloomington, III, August 31, by J. A.
Jones and Wm. P. Fishbacfc, masters,
under concurrent decrees
of foreclosure granted by
the U. S. Circuit Courts for Indiana
and the Southern District of Illinois.
The sale will include the
202 miles of road from Indianapolis
to Pekin, Ill., with all the
franchises, etc. The sale will be made subject to all valid
claims, j udgments and taxes due and unpaid ; and to the claims
allowed by the courts for labor and materials
furnished for six 1
prior to December 1, 1874. Each bidder much deposit $50,000
security, and the purchaser must, in addition, pay $50,000 cash
the day of sale, and on confirmation of the
sale such additional
sum in cash as
may be needed to pay the costs and receiver’s
debts; the rest of the purchase money may be paid in bonds and
coupons at their pro rata value.
The sale will be without
appraisement and not subject to redemption, and full title will be
passed to the purchaser.
Sumner R. Stone, of No. 46
Exchange Place, chairman'of the
committee of extension bondholders of
this road, states that the
agreement for re-organization, dated July 10,
having been signed
by more than a majority of the bondholders, is now
binding,
and
as
on
that all other bondholders who di sire
this committee to repre
gent them in the proposed
purchase of the road must sign the
agreement above referred |to, andj deposit their
bonds, and $5
assessment on each bond, with the
Union Trust Company of this
city, before the 6ih of September next.
-Lake and Canal Freight Rates.—In a
review of July
business, the Buffalo Commercial says:
Carriers
by land and water earnestly hope that July, 1878, will
enjoy the unenviable distinction of having the worst record in
the history of our internal commerce. The
average rates by lake
and canal are the lowest ever
known; and foreshadow certain
ruin to all engaged in the transportation
business, if there is not
7 per cent interest—if the road earns
it. If it does not earn
that interest, the
corporation owning the road will lose nothing.
But it must have an estimate of the
worth of its own property."
*
*
*
“
The reference to the New York Elevated Road
led
many to suppose that there had been, in the last
transaction,
a
transfer of the interest of one railroad
company to the other.
This was not the case. The terms of the
mortgage applied to
the interest in the New York Elevated
Railroad to which the
Metropolitan Railway
charter.
was entitled as
a
joint
owner
under the
This statement was corroborated
by officers of the New
York Elevated Railroad, who said that that
company was in no
way interested in the Metropolitan
Company.”
New
Jersey West Line.—The
New Jersey West Line Rail¬
sold, under foreclosure of a $3,000,000
at
Newark, August 3. The road was bought in by Mr. mortgage,
J. J. Flannagan for $50,000, he being the only bidder.
The locomotives and
rolling stock were also bought by Mr. Flannagau at nominal
prices. It is understood that the purchase was made in the
interest of other parties.
The road was projected to extend from
Jersey City to Delaware River, a distance of sixty-two miles, but
only a small portion of the road is in operation.
New Orleans Water Works Co/s Bonds.—Under
an act
passed by the Legislature of Louisiana in
1877, the Board of
Directors of the New Orleans Water Works
Company was author¬
ized to issue bonds to an amount not
exceeding
$2,000,000, when¬
ever they should deem it
advisable, provided the consent of the
City Council shoald be first obtained. On July 22, 1878, the
Board of Directors decided to issue
$600,000 of bonds, bearing
interest at the rate of 6
per cent per annum, and payable not less
than twenty-five years after their date.
The bonds are to be
secured by a
mortgage covering all the property and franchises
of the New Orleans Water Works
Company, and are issued
for the purpose of
improving
and enlarging the works. The
action of the Board of Directors was
subsequently approved by
the City Council of New
Orleans, with the condition that the
bonds should not be
disposed of for less than their par value.
Ohio & Mississippi
Reorganization.—The Amei'ican
Exchange gives some sensible remarks on this subject as follows:
“The various schemes for the
re-organization of the Ohio &
Mississippi Railway Company which, have been under considera¬
tion during the past year, it is
understood, have all been aban¬
doned, and it is now proposed to re-organize the
company upon a
basis that will secure to the new
corporation a certain amount of
road
was
August
THE CHRONICLE
10, 1878. |
ready money, which is to be obtained by an assessment upon the
■stockholders of the old company.
Nothing definite has yet been
agreed upon in regard to the matter, however, although the
149
of bonds who wish to sell their
tions as published on the 8th of
certificates, on the same condi¬
February last—interests of the
parties agreeing running from Dec. 22,* 1877. Certificates of
amount of the assessment talked of is
$2 or $3 per share. If the Branch line at 75, consolidated loan at 28, main line
30,1869
stockholders and others interested in the Ohio & Mississippi Rail¬ loan at 35, but
Vincent-Brainerd certificates only at 11. The
way are earnest in their desire to place the company again American-Oanadian Syndicate reserves the
right to accept what
upon a substantial financial basis, they will adopt such measures it likes of the certificates offered.as will not only cancel the
present floating debt, but will also
Texas & Pacific.—The Galveston News a few weeks since
reduce the amount of the funded debt to a sum
sufficiently low to
reported
the following among other statements made to a repre¬
.guarantee that in the future the company will be able to earn the
sentative of that paper by
interest on that debt. According to the last statement
Maj. Frank S. Bond, Vice-President of
published, this
the total bonded debt of the road was $12,852,000.
company
:
This includes
There will probably be no extension of our line until
the first mortgage bonds of the Springfield Division,
after
which the
stockholders have learned they cannot ignore.” * * * “It is diffi¬ Congress shall act on*our bill, except 10 or 15 miles from Sherman
west (part of the Sherman & Fort Worth
cult to conceive upon what basis of
Division) that we hope
reasoning the stockholders of to have
our large railroad
corporations expect to realize anything for their of the completed by September. About ten miles of this part
line are already graded.”
stock, so long as the interest on the mortgageis not paid, or those
*
*
*
*’
The T^xas & Pacific Company has a vested
mortgages are not satisfied. W hen an individual gives a mortgage
right, under
upon his house, and also gives his individual unsecured promise existing charters, to extend its road from Sherman to Fort Worth,
and from Fort Worth
to pay, the person
westwardly to El Paso, without any limita¬
holding the latter is well aware that ho has no tion of time as to
its completion. It needs no special
lien whatever upon the
legislation,
mortgaged property of the maker of the and does not
desire any ; and it will not be an
note until the
applicant before
mortgage has been canceled, and any one assuming
the State Legislature lor any extension of its chartered
any other position would become the laughing-stock of the
rights.
Admitting that the 20 sections grant of land and the reserva¬
loungers at any cross-roads village in the country. Nevertheless,
tion has or will soon lapse, under the
the stockholders of the railroads that have failed to
compromise act of May 2,
pay their
interest, and are now undergoing the process of re-organization, 1873, the company has an equal right with all other companies to
>are
continually demanding that the bondholders shall divide the come in under the general law and acquire 16 sections of land for
each mile of road it shall hereafter construct,
loss that may be sustained between themselves and the stock
if, as is very doubt¬
ful, the State has sufficient available land upon which such certifi¬
-holders.”
•
“
“
“
can be located.
As I understand the matter,
to railroad companies,
under
cates
Pennsylvania State Bonds.—The Doylestown (Penn) Intelli¬
,
“
gencer publishes the following in regard to au over-issue of
bonds of the State of Pennsylvania.
“An over-issue of Pennsylvania bonds, to the amount of
000,000 of
the State has already promised
existing charters, upward of 128,-
acres,
which the records of the State land office show
to be about four times
$100,
as much as there is left of the
public
000, has lately come to the knowledge of our State authorities. domain of the State that can be eo
acquired. As a matter of fact,
It appears that in the year 1852 the
Legislature authorized a I believe it is generally admitted that of the public domain
loan of $1,000,000, to meet the financial necessities of the
times, nearly all of the agricultural and timber lands have been already
which were then very pressing.
This was found to be not suffi¬ taken up, so that future acquired certificates must necessarily
be
cient, and at the next session an additional loan of $500,000 was located on mineral or grazing lands, and no
railway
company
can
authorized. The bonds of the last issue were dated
August 1, afford to locate mineral or grazing lands with alternate certifi¬
1853, and were payable in twenty-five years. William Bigler cates, costing as it does about $30,000 in cash for each
thousand
was Governor and John M. Bickel State Treasurer
at that time,
certificates located, as it would be impossible to
dispose
of such,
and all the bonds were duly signed
by them. It turned out that lands within the time fixed by law for their alienation—that ip,
the whole amount of money for the last issue of
$500,000 in eight, twelve, sixteen and twenty years from the date the
was not required, and after
$400,000 had been sold, the remaining certificates are issued. It is not at all probable that sufficient
$100,000 were left in the possession of the Girard Bank, Philadel¬ sales of such landB could be made to reimburse the
company for
phia, which was then the financial agent of the State. In proc- its expenditures in locating and surveying such lands,
and for
■ess of time the State officers were
changed, and no one remem¬ the ten dollars per section paid into the State treasury, and for
bered the fact that $100,004 of regularly
signed but unissued State and municipal taxes it would be required to pay.”
bonds were in existence.
They remained in forgetfulness until
Trank Line Freight?.—The Chicago Tribune
within a few months, when the
says of the meet¬
Treasury officials became aware
that they had somehow gotten into the market, and were
ing of railioad officers in that city, which made the rt cent
likely
advance in east-bound freights: “The first business done was
to be presented for redemption.
On the first of Augusta number
the affirmation of the rates adopted by the
of the bonds, amounting in value to $18,000, were
general freight agents
presented at in
this city a day or two ago. As soon as this was done a resolu¬
the Treasury, they being due and payable
on that day.
The tion was
introduced that the rates be still further
question as to whether they should be recognized or not was sub¬
advanced,
mitted by Mr. Noyes to the
making
the
grain rates on the basis of 25 cents per 100 pounds
Attorney-General, and that officer from
has advised their payment on the ground that
Chicago to New York, and fourth and special classes on the
they are genuine
bonds, now in the hands of innocent holders. How they ever basis of 30 cents. This resolution elicited a lengthy and heated
got out of the custody of the bank and into the possession of out¬ debate, some thinking that the rates just adopted were high
side parties is yet a deep mystery It is said that the bank
enough for the present, while others thought that the roads
ledger would
get just as much business if another advance were decided
containing tbe record of bonds disposed of under this loan Las
upon. Finally, the resolution prevailed, and on and after the 5th
disappeared.”
of August the rates to Eastern seaboards will be as follows:
—A press dispatch from
Philadelphia, August 8, says : “Mr.
John M. Bickel, who was State Treasurer in 1852-3, in
Fourth class
Grain
Flonr,
response From
Chicago to—
to an inquiry
per 100 lbs.
per 100 lbs.
per brl*
regarding the $100,000 of over-issued bonds, has Baltimore
cents. 27
22
44
produced a voucher signed by the former President of the Girard Washington
27
22
44
Bank, as follows:
Philadelphia
23
28
45
........
‘“May 31, 1854.
I hereby acknowledge that the Girard Bank holds
$100,000 coupon bonds
•of the State of Pennsylvania, subject to the order cf the State
Treasurer.
“ *
“
‘
C. S. Borer.’
“The present officers of the Girard Bank state if the bonds were
left with their bank they were there
simply for safe keeping- in
their vaults.
Tbe bank had
loan, has
•as to
in Minnesota
:
,—Gross
■St Paul & Pacific (St.
Worthiogton «fc Sioux Falla
Sioux City & St. Paul (St. James to Iowa line).
Earnings
—,
1878.
1877.
$194,354
$119,5J3
173,000
6,767
111,233
313,270
44,318
178,964
284,412
206.0J3
$1,015,518
$616,616
St. Paul & Pacific.—Our correspondent in Amsterdam
writes,
July 28th, that the committee announces that a meeting of bond¬
holders will be held in New York, September 16,1878, to remove
Thompson, Becker and Moorhead, trustees of the first division
mortgage of 1871 for $500,000, and to appoint others. Also,
that the privilege will yet be given to those holders of certificates
30
35
25
30
50
60
All articles that have taken grain rates will be included here¬
after in fourth class.
This makes a further advance in grain of
five cents per
taken
nothing to do with negotiating the
records whatever as to the bonds, and knows nothing
any alleged payment of $28,000 on account of the same.”
no
Railroads in Minnesota.—The St. Paul Pioneer-Press of
August 1 publishes the following in regard to the railroads in
Minnesota
The time is about up for railroad
companies in
Minnesota to pay their annual State tax, nearly all the roads now
paying a uniform rate of 3 per cent upon their annual gross
earnings upon the business transacted upon their lines in this
State. The reports received by Railroad Commissioner Marshall
up to yesterday, for the six months ending June 30, 1878, are as
follows, in juxtaposition with which are the gross earnings of
the saipe roads for the corresponding six months of last
year,
from which a glance can be had of the increase of railroad busi¬
ness
New York.
Boston
100 pounds, and 10 cents
grain-rates heretofore.
on
meats, etc., that have
Union Pacific.—In regard to the land
grant decision of
a circular as
Secretary Schurz, the Union Pacific has issued
follows:
Omaha, Neb., July 29, 1878.—To whom it may
view of the
tations that have been
the
concern:
In
misunderstandings that have arisen,and misrepresen¬
made, concerning the late land decision of
we submit the following.
Secretary of the Interior,
1. The decision does not hold that all railroad lands unsold at
the end of three years from completion of the road are thrown
to pre-emption, or that they then revert to the body of the
public lands ; but simply states that lands not sold or disposed
of at that time are subject to such entry.
open
2. The decision does
not assume to
determine what constitutes
disposal of said lands.
3. It is the written opinion of the most eminent legal authori¬
ties of the country that the lands have been disposed of in the
manner contemplated by the
language of Sec. 3, act 1862, Pacific
Railroad charter, and are not subject to pre-emption entry.
4. We place ourselves on this opinion, and shall proceed to
handle and sell our lands in the same manner as heretofore, our
right and authority to do so not being in any way impaired by
a
the decision.
5. Each and every case in which any person files upon, occu¬
pies, or in any manner attempts to interfere with our rights and
interests in any of these lands will be promptly litigated to the
court of last resort.
Leavitt Burnham, Land Commissioner, U. P. R. R.
S. H. Clark,
Supt. U. P. R. R.
150
THE
CHRONICLE.
tvcl xxvii.
gpte (FcmnucrciaX giwes.
COM MERC l A L
Tiuday
Friday, P. M., August 9, 1878.
Tiie Movement of the Crop, as indicated by our
telegrams
from the South to-niglit, is given below.
For the week ending
this evening (Aug 9), the total receipts have reached 3,069
E Fil'OME.
Night, August 9, 1878.
bales, against 3,67.1 hales last week, 4,086 bales the previous
Dealings week, and 3,782 hales three weeks
since, making the total
are up to a full average for the season, and a more cheerful feel
receipts since the 1st of September, 1877, 4,263,159 bales, against
ing is apparent on all sides. The weather at the West is much 3,960,930 bales for the same period of 1876-7, showing an increase
more
favorable to the crops.
Violent storms have occurred at since-Sept. 1, 1377, of 302,229 bales. The details of the receipts
for this week (as per telegraph) and for the
corresponding weeks
many points, but the injury done by them appears to have been of five
previous years are as follows:
merely local. Money is plenty and cheap, wages low, and private
credits improving. Very naturally,however, the effects of a long Receipts this w’k at
1878.
1877.
1876.
1875.
1874.'
period of disaster are still seriously felt, and the progress of New Orleans
(538
760
233
1,513
844
improvement must be slow.
Mobile
:....
211
80
222
62
117
Theie was a buoyant market for pork, and on Wednesday there
Charleston
354
156
458
239
599
were sales of mess at $11, spot and September, and £11 15 for
Port Royal, &c
99
466
October.
Yesterday, there was a sharp decline, but more steadi¬ Savannah
249
203
613
55
216
ness to-day, with sales at $10 75@$10 80 for Sspt. and $10 90 for
Galveston
333
233
317
288
168
Oct. Lard was also decidedly higher; prime Western selling
5
13
iDdianola, &c
27
at $8 for August and September, and $c5 05 for October, followed
225
232
443
461
Tennessee, &c
954
by important reductions in values, but rather more steadiness to¬ Florida
13
7
day, spot and September selling at $7 85 and October at $7 90. Nortn Carolina
Gil
189
156
41
86
Bacon is scarce and nominal.
Cut meats have been tending up¬
Norfolk
187
119
147
The revival of trade continues to make fair progress.
....
-
.
....
.
.
.
....
O
....
ward.
'1 he arrivals of swine at the Western markets thus
tar
1877-78.
Pork, lbs
Bacon and
hams, lbs
Lard, lbs
Total, lbs
\
...
1876-77.
53,413,000
489,291,733
272,316,589
47,875,2:0
359,959.931
181,774,130
815,021,322
589,639,261
Increase
'
5,537,800
129.331,802
90,542,459
225,412,061
Kentucky tobacco less active, the sales of the week aggregat¬
ing only 1.000 hhds., of which 850 for export and 150 for home
consumption ; but prices are rather dearer ; lugs quoted at 3@5c.,
and leaf 5£@14c.
Seed leaf moving rather moderately, but at
firm pricep ; sales of the week are 1,305 cases, cs follows: 100
cases, 1877 crop, New England, 11 to 12^c.; 250 cases, 1876 crop,
New England, 11 to 25c.; 200 cases, 1877 crop,
Pennsylvania, 10
to 18£c.: 40 cases, 1876 crop,
Pennsylvania, private terms; 519
cases, 1877 crop, Ohio, 8 to 10c.; 150 cases, 1877 crop, Wisconsin,
to 8c.; and 46 cases, 1S77 crop, State, private terms.
Of
Spanish tobacco the sales embraced 750 bales Havana, at 85c.@
$1 05.
Rio grades of coffee have latterly been more active, and hold¬
have advanced their views and maintain them with firmness ;
fair to prime cargoes quoted at 1G£ ai7£c., gold.
Stock here in
first hands, 42,494 bags, and at other ports, 3,231
bags. Mild
ers
grades have Bold freely at full price?; of Maracaibo, fully 15,000
bags have changed hands during the past week. Rice remained
steady, with a good average trade. Foreign molasses has been
very weak ; 50 test Cuba refining was sold at 29c. flat, or equal
to 30c. regular.
New Orleans in jobbing sale only, yet un¬
changed, owing to reduced stocks. Refined sugars were weak
and lower, but close about steady ; standard crushed, 9|c.
Raw
grades have shown more activity at lower prices; sales of fair to
good refining have been readily made at 7 l-i6@7 5-16@7fc.,
closing at the inside figures.
Stock Aug. 1,1878
Receipts since
Ebde.
Boxes.
85,3 &
16,354
13,000
Bags.
H0.4S4
338
12,904
7,485
93.261
13,339
121,253
25,561
7,185
186,203
259,347
1,660
in
August have been rather less than for the corresponding period
last year.
Beef has been in very fair demand and firm. Beet
hams salable.
Butter active, and choice grades dearer.
Cheese
advanced fully -Jc. during the week, with an active demand—
prime to choice factories, 7@8Xc. Tallow in good demand and
firm.
The following is a comparative summary of
aggregate
exports of hog products from Nov. 1 to Aug. 3, inclusive :
....
248
26
3,0G9
2,102
City Point, &c
Total this week
Total since
...
-
1,056
23
7
—
5,871
1,541
4,081
Sept. 1. 4,263,159 3,960,930 4,092,594 3,477,278 3,802,018
The exports for the week ending this evening reach a total of
6,453 bales, of which 3,845 were to Great Britain, 218 to
France, and 2,390 to rest of the Continent, while the stocks as
made up this evening are now 65,020 bales.
Below are the
stocks and exports for the week, and also for the
corresponding
week of last
Week
season:
EXPORTED TO—
ending
Aug. 9.
Great
Britain.
N. Orl’ns
2,206
Conti¬
France.
nent.
Total '
this
Week.
2,206
....
....
STOCK.
Same
Week
1877.
1S7S.
1,458
1377.
2,930
•
Mobile..
....
ChaiTt’n
Sa van'll.
....
....
....
....
654
218
....
....
Galv’t’n-
329
....
....
N. York.
Norfolk-
985
Other*..
949
....
....
....
2,390
,
....
43
....
3,262
....
....
259
....
1,730
....
....
985
283
6,453
3,514
'
25,473
3,568
2,988
1,595
485
4,169
48,565
86,815
2,004
23,000
503
11,000
Tot. this
week..
3,845
218
2,390
65,020 149,612
Tot.since
Sept. 1. 2144,628 497,743 681,554 3323,925 3023,187
*
The exports this week under the head of ‘other parts’’ include,
more, 708 bales to Liverpool; from Boston, 277 Dales to Liverpool.
from Balti¬
In addition to above exports, our
telegrams to-night also give
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. Carev, Yale &
the
us
Lambert, 60 Beaver street:
On
Aug. 9, at—
Melado.
<y
Liver¬
pool.
,
Shipboard, not cleared—for
France.
2,037
Other
Coast¬
Foreign
wise.
Leaving
Stock.
Total.
New Orleans
None.
None.
None.
None.
None.
2,930
Mobile
None.
None.
None.
None.
None.
949
2,317
Savannah
None.
None.
None.
100
100
159
The naval store market has shown weakness, spirits
turpentine
; the lower prices, however, have stimulated a better
business. Spirits turpentine closes at 27£c., and common to good
strained rosin at $1 37£@1 42£.
Petroleum has latterly been
Galveston
None.
None.
Non o.
None.
None.
485
New York
2,000
None.
None.
None.
*3,225
45,340
2,000
None.
None.
100
3,325
49,863
Sales since
Stock Aug. 7.
1878
Stock Aug. 8. 1877
....
2,097
especially
quiet, but firm and higher; exporters are “short,” and refiners
limit their offerings; crude, in bulk, quoted at G^c., and for
refined, in bbls., lOfc. was bid. The lead market has latterly
advanced and shown much firmness, with a better business
reported; common domestic closes at 3 55@3-60c. per lb. There
are no new features regarding the
pig iron market; trade,is very
limited, supplies are heavy and prices nominal and weak. Ingot
copper continued quiet but steady at 16@16£c. for Lake.
The business in ocean freight room has not been as liberal
during the past week as that previous, but rates have remained
generally steady, and in some instances a slight advance has been
realized, with the offerings of tonnage anything but superfluous.
Late engagements and charters include: Grain to
Liverpool, by
steam, 8£d. per bushel; cotton, ^d. per lb.; bacon, 30@35s per
ion; cheese, 35@45a; butter, in refrigerators, 125s.; grain to L >n
don, by steam, 6^6X@6^d.; do. by sail, G£d.; do. to GDsj^Ow. by
Steam, GJd ; flour, 2s. 4£d.; grain to Cork, for orders, 6*. per qr ;
do. to Antwerp, 5*. 9d.; do. to Havre, 5s. l|d.@5s.
61.; do. to
direct French port, 6s.; do. to Bayonne, 6s 9J.; do. to
Marseilles,
5s. 6d.; refihed petroleum to Hamburg, 4s. 34. per bbl ; do. to the
Mediterranean, 4s 9d.; do to Trieste, 5s. 3 L@5s. 44d.@5s. o£d.;
do. to direct port, Continent, 4c 14d.; c sea to Algiers, 26c. go*d;
do. from Philadelphia to Alexandria, 32c. gold.
To day, rates
were rather irregular, except for petroleum
charters, which were
held firmly.
Grain to Liverpool, by steam,
: do. to G asgow, 6£d.; do. to Cork for orders, 5s. 9d.@Gs.; oats to Bordeaux,
refined petroleum in ctses to the Levant, 38c. gold. -
Total
*
Included in this amount there
are 1,225 bales at Presses for foreign
ports, the destination of which we cannot learn.
From the foregoing statement it will be seen that,
compared
with the corresponding week of last season, there is an increase
in the exports this week of 2,939 bales, while the stocks
are
84,592 bales less than they
to-night
this time a ye*ar ago. The
following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to Aug 2, the latest mail dates:
RECEIPTS SINCE
SEPT. 1.
Ports.
1877.
1876.
N.Orlns 1370,065 1179,561
Mobile. 412,962 357,339
Char’n*
459,174
Sav’h..
598,272
were at
EXPOR TED SINCE SEPT. 1 TO—
Great
Britain.
Stock.
France.
Foreign
821,590 325,406 304,700 1451,696
106,381 26,146 31,566 164,093
131,935 70,355 103,584 305,874
Galv.*.
446,653
N. York
143,855
470,501
476,631
501,410
121,170
Florida
N. Car.
14,299
143,490
129,236
35,007
1,780
19,890
Norf’k*
508,636
156,687
1,075
Other..
162,634
552,349
150,200
'
20,381
Total.
6,353
1,107
313
176,247
36,351 138,748
186,172
26,971
11,291
224,434
745
330,457
9,441
47,308
387,206
61,332
......
......
......
351.346
......
494
......
2,929
56,677
160,691
1,000
19,143
215,455
11,500
This yr. 4260,090
2140,733 497,525 679,164 3317,472
82,941
Last yr.
2128,204 459,585 431,884 3019,673 163,513
196,307
92
*
Unaer the dead of Charleston is included Port
Royal, &c.; under the head of
Galveston ia include! Indianola, &c.; under the head of Norfolk Is included
City
Lot at, «&c.
THE CHRONICLE
1878.1
August 10.
J51
These mail returns do not correspond precisely with the, total
of the telegraphic figures, because in preparing them it is always
MARKET AND SALES.
0
8
.
2
0
6
.
1
00000032825152..251..2413443
necessary to incorporate every correction made at the ports.
Cotton on the spot met with an active demand for home con¬
SALES OF SPOT AND TRANSIT.
.
SPOT MARKET
CLOSED.
•
Ex¬
Con-
>
Spec- Tran¬
port. sump. ul’t’n
sit.
FUTURES.
Total.
Sales.
Deliv¬
eries.
sumption during the first half of the week, and prices steadily
Sat.. Firm, higher
450
1,985
2,435 37,600
900
advanced, until on Tuesday, with stocks at this point reduced Mon Firm
i?o 2,475 400
3,045 51,100
700
below 60,000 bales, middling uplands were quoted at 12c.
Steady.
3,790
3,790 49,200
800
On Tues.
Wed
Firm
100 1,532
1,632 56,900
800
Wednesday, however, the demand fell off, and the advance was Tliurs Firm
20 1,514
1,534 33,000
900
Fri.
Steady, rev. quo.
1,206
600
1,206 27,700
barely maintained. Yesterday, the market was steadier, with
some revival of demand for home
consumption. To-day, quota¬ Total
290 12,502
850
13,642 255,500 4,700
tions were extensively revised; the low grades
being advanced
For forward delivery, the sales have reached
during the week
l-16@|c., the better grades reduced l-16c., except “fair” which
was reduced 3-16c.; and then as
compared with Uplands, Orleans 255,500 bales (all middling or on the basis of middling), and the
is a statement of the Biles and prices:
and Texas were advanced -|c., it
being apprehended that the following
For August.
Ba’es
'Ct<*.
For December.
Bale**.
ct«.
yellow fever epidemic will retard the movement of Gulf cottons. Balps.
Cts.
4,000
11-79 Bales.
Cts.
100
.11-25
Annexed is a comparison:
100 s.n.'2.h 11-86
800
11-10
.11-28
1,100
300
00009372989..8519362.144500..;
.
....
....
....
....
.
.
,
v
Thursday.
*
N. Orleans.
Uplands.
Ordinary
’
Strict ordinary
Good ordinary
Strict good ordinary...
104
104
104
104
10%
10%
11
10%
114
114
1134
114
113s
i
U*16
11*5ig
i
11**16
11*5,6
124
1238
I
11%
11*3ig
Middling
12
Good middling
Strict good.middliug
124
129i6
13*16
13*3,0
..
Middling fair
Fair
N.Orleans.
104
1138
Low middling
Strict low middling....
j Uplands.
12**16
133,6
:
13*5,6
Stained.
H**16
11%
124
124
12
123,0
13
124
134
13%
13%
Thursday.
Good ordinary
Strict good ordinary
Low
middling
Middling
;
The speculation in futures has been active, and in the
course
For October.
11-95
11-96
11-97
1 ’ "99
12-00
1201
12-02
1204
12-05
11-34
11*35
2,t*00
11-86
11-37
11-38
4,000
11-39
5,900
3,000
5,600
1,000
1140
11-41
11-42
11*43
11-44
600
2,700
3,800.
5,500
4,000
Saturday, Monday and Tuesday prices rapidly advanced, closing
Tuesday evening, as compared with the previous Friday, 17
points higher for September, 14 points higher for August and
October, 12 points higher for November, 7@8 points higher for
the winter months, and 4@7 points
higher for the spring months.
On Wednesday, under dull accounts from
Liverpool and sales to
11*56
11-57
11-58
11 59
11-60
11*61
11-63
11-64
8,000
11-65
2.700
11-66
11-67
600.
400
11 68
11-69
11-70
11-71
....
....
....
600
400
100
1111
11-12
.11-13
1,300
11*13
1.700
800
11-!6
11-17
11*18
11-19
11-20
11-21
11-22
11-23
11-24
1,000
11-25
2.700....
...11-20
11*21
For
500
eoo
1(H)
11*22
11-23
11-24
900...
700.
For
300
300
100
100
100
500
500
100
.11*31
,11-32
11-37
.11-39
2,400
:
April.
.11-32
11-40
11-41
11-25
11-26
100
11*42
200
11-27
600..
11-43
11-44
11-28
200
100
100
100
21,700]
For November.
900
700
300
200
11-19
800
700
800
100
56.900
1,600
1,700
11-47
11-48
.11-29
11-30
Jl-17
11*18
1,300
200
200
100
100
200
200
11-14
11-15
11*16
800
900
500
11-46
11-49
11*50
11-51
11-52
11-53
11-62
8,100
....
1.200
11-45
6,000
For September.
11-54
700
7,900..
11-55
....
....
113?
100
400
11-94
5,600
3,000
of
on
113,400
12-06
104
1034
114
11%
119,6
11-90
11-91
11-92
11-93
1,000
2,400
2,000
2,000
32.200
Friday.
104
10%
114
2,700
500
700
400
200
,12*16
124
11-87
11-88
11*80
200
200
Friday.
....
....
January.
11-45
....11-46
11-47
...11-48
•
1117
11-18
11-19
11-21
11-22
11-25
11-27
11-28
2,000
For February.
100
.1117
200
11-20
800....
11-22
400
11-23
200
11-26
2<0
11-27
100
11-28
300
11-30
2,000
For May.
1.200
11-40
100
400
100
200
11-49
1,800
11-50
200
500
11-53
11-44
11-47
11-48
11-52
400...
11-54
700
200
700
11-55
11-56
11-57
realize, most of the advance for the first half of the week was 13.600
200
11-26
6,500
800
11-27
11-72
lost.
The improvement above noted seemed to have been caused
1,600
11-73
11-28
almost entirely by the rapid reduction of stocks and an
600
il-29
1,400
11-74
For June.
anxiety 3,000
600
11-30
11-75
100
2,300
11-53
regarding supplies for the next three months. The weather has
11-76
300
1131
100
11*56
been favorable to the maturing crop, and under
For March.
11-77
ordinary circum¬ 1,600
900
11-78 15,300
200
11-24
200
stance, an unusually large movement' for August might be
The following exchanges have been made during the week:
expected, but it remains to be seen how much delay may be
caused by the yellow fever at New Orleans.
•51 pd. to exch. 100 Dec. for Sept.
Towns in the Mis¬
j *42 pd. to exch. 500 Nov. for Sept.
*50 pd. to exch. 100 Dec. lor Sept. *
sissippi Valley are much alarmed, and strict quarantines have
been established.
The following will show the closing prices bid for future
Yesterday, there was some further decline,
delivery,
and the tone of the market at three o’clock P. M., ou
especially for the later months, which closed considerably below
the figures of the previous
the
several
dates named;
Friday, while the early months were
slightly dearer. To-day, under dull accounts from Liverpool and
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
very favorable crop accounts, there was some further decline.
Fri.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
The total sales for forward delivery for the week are
Market- Firmer. Firmer. Firmer. Firmer. Lower. Lower. Lower.
255,600
11*93
11*87
11*97
12*01
11*94
11*92
11*88
bales, including — free on board. For immediate delivery the
11-58
11*65
11*73
11*75
11*63
11*59
11*56
total sales foot up this week 13,042 bales,
including 290 for
11*41
11*37
11*48
11*51
11*39
11*36
11*32
export, 12,502 for consumption and 850 for speculation.
11*22
11*22
11*28
Of
11*30
11*21
11*17
11*14
the above,
December
11*18
11*25
11*18
11*25
bales were to arrive. The following tables show
11*13
11*18
11*11
11*19
11*20
11*25 ,11*25
11*15
11*19
the official quotations and sales for each day of the past week:
11*12
11*24
11*26
11*31
11*30
11*25
11*20
UPLANDS.
Saturday, Aug. 3,
to
Friday, Aug. 9. Sat.
ALABAMA. N. ORLE’NS
Mon
Sat.
Mon
Ordinary
$ lb. 10*16 10*16 10*16
Strict Ordinary... IOLg 1046 10716
Good Ordinary.
10*°i6 10*46 10*°i6
Strict Good Ord... H516 11*16 11*16
Low Middling
119i6 H9ig H9ig
..
Strict Low Mid
113*
1134
1130
Sat.
Mon
10*16 103i6 103i6
1071(} 10916 109ie
10lol6 11*16 11*16
H°16 11*16 11*16
11916 H**16 ! 11 * *16
1134
Middling
Good Middling
TEXAS.
Sat.
Mon.
103i6
1O016
11*16
11*16
11**16
103io
1 0916
11%6
11*16
11**16
11%
11%
11%
11%
13%
13%
13%
13%
111516 Hlo16 11*46 11*46 12*16 12*16 12*16 12*16
12316 123ig 12316 123i6 12°16 12%6 1246 125i6
Strict Good Mid... 12i124
124
124
12%
12%
12%
12%
13
13
13
13
Middling Fair
134
134
134
134
Fair
13
1334
133i
1334
Tues Wed Tues Wed Tues Wed Tues Wed
Ordinary.....$ ft. 10*8
Strict Ordinary..
Good Ordinary....
Strict Good Ord...
Low Middling
Strict Low Mid....
Middling
10*2
10*8
104
104
104
104
104
11
11
104
10%
11
11
1138
11%
1130
1138
11^8
11%
1138
11%
114
114
114
104
10%
114
114
114
%
Th.
Ordinary
$ ft. 10*8
Strict Ordinary... 104
124
12
12
124
124
124
124
123s
123s
Fri.
104
10%
114
TU.
104
104
Fri.
104
10%
114
11716
Til.
Fri.
104
104
10%
10%
Good Ordinary.... 11
11
114
113s
Strict Good Ord... 11 30
114
11*16 1138
11**16
Low Middling
11%
H**16 11% 11**16 114 11*46
Strict Low Mid.... 1H3i6 114
11*316 11% 11*46 124
Middling
12
Middling Fair
12316 124
12316 1238 12*16
124
12016 124 12**16 1234
13
134g
13*16 13
133J6 , 134
13131G 13% 13*316 13%
13*46 13%
1 12
12
Good Middling.... 124
Strict Good Mid.
12916
.
STAINED.
Good Ordinary
Strict Good Ordinary
Middling
Middling..:
114
1134
11*90
11*95
•
•
•
•
Steady.
Dull.
1004
1004
4*804
4*804
124
12%
Sat.
ft-
12
124
124
Mon Tues Wed
10*iG 10*16 104 104
1091G 109io 10% 10%
11*16 11*16. 114
114
114
114 ! 11916 11916
Til.
104
10%
114
114
1134
Stock at London
.
124
.
1230
.
Slock at Marseilles
Stock at Barcelona
Stock at Hamburg
Fri.
104
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
104
10%
1130
11**16
11*016
11%
.
Firm.
1004
4*81
11*95
Weak.
Weak.
Easy.
1004
Quiet.
1004
4*814
1004
1004
4*814
4*814
4*814
13,750
612,750
140,500
33,000
7,750
34,250
44,750
9,000
1877.
1876.
1875.
918,000
36,000
873.000
924,000
40,000
96,250
954,000
221,750
7,000
913,000 1,020,250
162,000
180,000
6,500
7,500
82,000
81,000
11,500
11,750
58.500
41,750
61,000
41,000
15,250
11,000
17,250
4,000
20,250
15,000
64,000
14,000
73,250
43,750
10,750
.
'7,750
13,250
Total continental ports....
301,750
455,500
Total European stocks..
914,500 1,409,500 1,347,250 1,413,250
294,000
229,000
421,000
518,000
58,000
49,000
92,000
50,000
7.000
15,000
22,000
29,000
65,020
149,612
156,632
105,859
4,330
11,148
17,687
8,188
2,000
4,000
1,000
..
3
3
Stock in United States ports .
Stock in U. S. interior ports..
United States exports to-day..
.
Total visible
,
599,000
6,500
.
Fri.
119i6
.
11*32
11*40
11*46
11*90
18,000
.
13%
114
,
11*27
11*34
11*43
11*50
i.
12*16
104
1034
114
10%
.
12*00
8.000
.
.
12*46 124
134
Th.
•
11*32
11*39
11*48
11*53
11*95
Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and
consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Aug 9), we add the item of
exports from the United States, including in it the exports of
Friday only:
i 13316
1 13*46
11*46
11*54
11*17
11*24
11*38
11*45
11*54
11*61
12*05
The Visible Supply of
.
11*46 124
124
124
1238
11*38
1878.
114
114
1134
12916 12916 12»i6 12**16 12**16 12**16 12**16
13*16 13*16 13*16 13*16 133lc 133j6 13316 133,
131316 131316 13*40 13*46 13*5in 13*^6 13*4013* 4 6
Middling Fair
Fair
ixnv
114
104
10%
Closed—.
11*32
11*40
11*48
111316 11*316 11*316 1U3J6 11*516 11*46 11*46 11*4g
12
12
Good Middling.. . 124
Strict Good Mid... 129! ft
Fair
104
10%
June
Transfer orders
11*31
11*41
11*49
434,250
393,000
supply.bales.1,270,900 1,941,260 2,056,569 2,125,297
Of tlie above, tlie totals of American and other descriptions are as
follows;
152
THE CHRONICLE.
American—
1878.
Liverpool stock
Continental stocks
American afloat to Europe....
United States stock.
United States interior stocks..
United States exports to-day..
Total American..... .bales.
1877.
482,000
275,000
49,000
1876.
65,020
593,000
366,500
58,000
149,612
4.380
2.000
11,148
4,000
00 r-
©o
1875.
492,000
325,000
92,000
156,632
17,687
1,000
L,182,260 1,083,319
875,047
East
Indian, Brazil, dc.—
Liverpool stock
117.000
325,000
Egypt, Brazil, &c., afloat
13,750
26,750
229,000
7,000
36,000
89,000
294,000
15,000
Total East India, &c
393,500
London stock
Continental stocks
India afloat for Europe
518,000
192,000
50,000
105,859
8,188
381,000
40,000
109,250
421,000
22,000
406,000
96,250
201,000
518,000
29,000
759,000
973,250 1,250,250
877,400 : 1,182,2G0 !1,083,319
875,047
Total American
Total visible supply
Price Mid. Upl., Liverpool
These
1 ,270,900 ]L,941,260 2,056,569 2,125,297
6d.
6%!.
718d.
fi3icd.
a decrease in the cotton in sight to-night
figures indicate
670,360 bales as compared with the same date of 1877, a
decrease of 785,669 bales as compared wdtli the
corresponding date
of 1876, and a decrease of 854,397 bales as
compared with 1875.
of
At
Interior Ports the movement—that is the
receipts
shipments for the week, and stocks to-night, and for the
corresponding week of 1877—is set out in detail in the following
the
and
statement:
Week
ending Aug, 9, ’78.
Receipts Shipm’ts
Augusta, Ga
Columbii8,Ga....
225
782
81
Macon, Ga.......
23
66
34
704
67
56
Montgomery, Ala
Selma, Ala
Memphis, Tenn..
N ash ville, Tenn..
241
Stock.
Week
ending Aug. 10, 'll.
Receipts Shipm’ts Stock.
263
444
424
690
460
94
33
82
14
914
293
1,712
387
346
in
1,032
2,045
11,148
6
123
79
271
166
252
55
10
Total, old ports.
1,157
2,419
4,380
690
Dallas, Texas....
Jefferson, Tex.
Shreveport, La
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala
92
79
19
28
11
1
8
94
....
..
70
13
..
Gritlin, Ga
Atlanta, Ga
Home, Ga
Charlotte, N.
St. Louis, Mo
....
19
....
C..%
7
Cincinnati, 0
Total, new p’rts
Total, all
e
150
23
4
....
110
366
572
79
....
77
360
517
716
200
6,570
1,004
48
1
i
481
17
128
90
170
3
26
105
250
17
1,281
25
....
154
627
1,514
47
56
80
93
....
26
22
69
411
395
274
103
77
10
154
312
243
451
[VOL. XXVII
not
extending inland, the rainfall during the week reaching two
The crop is developing
promisingly, and picking is mak¬
ing fine progress. The thermometer has averaged 83, with au
extreme range of 72 and 93.
Corsicana, Texas.—There has been a sprinkle here on one day>
the rainfall reaching three bundled ths of an inch.
The crop is
developing promisingly. The bottom crop is safe and very abun¬
dant.
Picking has begun. The weather during the week has
been terribly hot, the thermometer
averaging 75, and ranging
from 72 to 104.
inches.
Dallas, Texas.—It has rained on one day this week, a shower,,
a rainfall of
thirty-five hundredths of an inch. Good prog¬
ress is
being made in clearing fields of weeds, and crop accounts are
more favorable.
The crop is
developing finely, and picking has
begun. The land between here and the Red River, thrown out.
in consequence of the rains, is estimated at 10
per cent, but the
balance is doing well and promising as much as can be
picked.
The weather has been very hot.
Average thermometer 75, high¬
est 102, and lowest 73.
•
Brenham, Texas.—We have had a shower here on one day of
the week, the rainfall
reaching fifty hundredths of an inch. Pick¬
ing is making good progress. The crop is doing as well as pos¬
sible, and promising as much as can save. The thermometer
has averaged 85, the highest
being 95 and lowest 77.
New Orleans, Louisiana.—It has not rained here all this weekiThe thermometer has averaged 83.
Shreveport, Louisiana.—Prospects continue favorable for a full
average crop.
Picking has commenced and will be general in a
few days.
A new bale was received yesterday. The weather
during the week has been hot and dry, the thermometer averag¬
ing 86, and ranging from 74 to 98.
Vicksburg, Mississippi.—The thermometer has averaged 83
during the week, with an extreme range of 71 and 99. It haa
rained on two days, the rainfall
reaching twenty-three hundredths
of an inch.
First new bale,
middling, 489 lbs., sold at 15c.,.
received to-day (Friday).
Columbus, Mississippi.—The weather here has been dry all theweek, but there have been local showers in the surrounding
country. Average thermometer 85, highest 96, and lowest 73..
Caterpillars have made their appearance, but did no harm.
Little Rock, Arkansas.—T he week just closed has been
dry,,
with warm days and cool nights,
excepting Saturday, when we
had a severe rain, accompanied by much
lightning and some hail;,
but it has done no damage that we could hear of.
The ther¬
mometer has ranged from 68 to 95;
averaging 81. The rainfall
with
1,836
1,153
1,757
463
538
2,590
5,205
1,294
2,691
3,966
877
1,715
10,426
has reached two inches and five hundredths.
Nashville, Tennessee.—We have had rain
2,451
5,110
21,574
week, the rainfall reaching eighty hundredths of
8,346
1,567
3,760
thermometer has ranged from 71 to 93,
Memphis, Tennessee.—It has rained
on
one
an
day of the
inch.
The
averaging 82.
on three days this
week,,
the rainfall reaching twenty-five hundredths of an inch.
Rust is
developing badly. Much damage has been done, and much more
is feared.
Thermometer, highest 95, lowest 75, average 83. *"
Mobile, Alabama.—It lias been showery three days this week,,
and rained severely two days, the balance of the week
Receipts prom tiie
Plantations.—Referring to our remarks been
having
In a previous issue for an explanation of this
pleasant. Accounts from the interior are conflicting. The
table, we now bring
thermometer
has
the figures down one week later, closing
ranged from 73 to 97, averaging 82. The
to-night:
rainfall for the week is three inches and
thirty hundredths.
RECEIPTS FROM PLANTATIONS.
First new bales received this year
Aug. 3, and last year Aug. 11.
Montgomery, Alabama.—During the earlier part of the week,
Stock at Inter’r Ports Rec’ptsfromPlanrne
Receipts at the Ports.
Week
we had rain on three
days, but the rest of the week has been
•nding— 1876.
1877.
1878.
1876.
1877.
1878.
1876.
clear and pleasant, though rather hot.
1877.
1678.
The thermometer has
Jane 7.
averaged
83,
the
highest
being
97
and
the
lowest 73. We have
10,456
9,390
12,380
82,569 57,503 34,154
5,314
7,5C9 had a rainfall of
one inch and
14
ninety-two
hundredths.
8,444
8,526
11,231 76,054 52,154 29,315
1,929
3,171
6,392
Selma, Alabama.—We have had rain on two days the earlier
21.
10,493
8,526
10,721 67,712 45,7e9 23,2S7
2,151
2,141
4,693
park
of this week, but the latter portion has been clear and very
23.
8.559
6,519
6,879 61,078 35,811 21,24o
1,925
4,832 hot.
!Crop accounts are more favorable, but much damage is.
July 5.
8,661
6,102
5,949 57,865 32,077 19,075
5,448
2,368 4,384 feared from the
12.
ravages of worms, which have appeared pretty
6,005
4,404
o,2;7
53,736 23,997 18,033
1,876
1,324
3,645
generally. Average thermometer, 60.
19.
The rainfall has been,
5,042
3,676
3,782 49,5S2 27,979 15,494
88S
2,658
1,243 three inches and
26.
fifty hundredths.
5,589
3,299
4,086 47,151 25,361 12,527
681
3,158
1,119
Madisonv Florida.—It has rained here on three days of the'
Aug. 2.
5,153
2,691
3,671 42,372 22,472 11,005
374
2,149 week, the rainfall
9.
reaching eighty-eight hundredths of an inch.
5,871
2,102
3,069 35,182 21,574
8,346
410
1,204
The thermometer has averaged 86, the extreme
range having been
Total.
74.27:- 55.235
There are some complaints of rust and
67,055
23,003 13,547 36.376 90 and 82.
shedding..
Caterpillars have been seen, but have not done much damage so
This statement shows us that
although the receipts at the ports far.
the past week were 3,069 bales, the actual from
plantations
Macon, Georgia.—We have had a rain on one day this week,,
were only 410 bales,
the balance being drawn from stocks at
but not a good one.
the interior ports.
The cotton plant is not looking well, caused
Last year the receipts from the plantations
by
want
of
rain.
for the same week were 1 204 bales, and
Average
thermometer 85, highest 98, and
for 1876 they were
lowest 71.
bales.
Columbus, Georgia.—Rain has fallen on four days of the week,
Weather Reports by Telegraph.—In
general, our reports the rainfall reaching four inches and three hundredths. We are
to-night are very favorable, the rains being mostly on the
having too much rain. We have had an unusually severe storm,
very this
week, and much damage is feared. Crop accounts are less
coast.
The condition in the Southwest has of late
materially favorable. The thermometer has averaged 82.
improved, and the prospect in Texas now is very
Savannah, Georgia.—It has rained here on three days, the rain¬
satisfactory
The points where just at present there is the most
fall reaching two inches and thirty-two hundredths.
The rest of
anxiety would
the week has been pleasant, but warm.
seem to be the section about
'1 he thermometer hasColumbus, Georgia, and Eufaula,
Alabama ; too much rain is
falling there, and the caterpillars are averaged 84, the highest being 98 and the lowest 73.
Augusta, Georgia.—T he weather during the week has been hot..
causing apprehension, though no harm has as yet been done
It has rained on one day,light,the rainfall
by
reaching two hundredths
them.
of an inch, but the balance of the week has been
pleasant. Ac¬
counts are generally good.
Galveston, Texas.—It has rained hard on five days this
Three bales new crop have been re¬
week, ceived
during the week, two from Georgia and one from South
but it -was confined to the coast.
There is less talk of
caterpil¬ Carolina. The thermometer has averaged 86, the highest
being
lars, and crop accounts are more favorable.
Picking is progress¬ 105 and the lowest 73.
ing finely. Average thermometer 84, highest 93, and lowest 73
Charleston, South Carolina.—We have had light showers on
four days this week, the rainfall
The rainfall has reached three inches and
ninety-eight hun¬
sixty-eight hundredths! dredths of an inch. The thermometerreaching
has ranged from 77 to 94,.
Indianola, Texas.—We have had rain on three days, hard, but
averaging 83.
The above totals show
that
the
old
interior
stocks
have
decreased during the week 1,262 bales, and are
to-night 6,768
bales less than at the same period last
'I he receipts at the
year.
same towns have been 467 bales more than the
same week last
year. •
'
44
41
“
44
••
“
44
...
,
w4u«u8t io, 1878 ]
THE CHRONICLE.
Comparative Port Receipts and Daily Crop
Movement.—
comparison of the port movement by weeks is not accurate,
as the weeks in different
years do not end on the same day of the
unonth.
We have
consequently added to our other standing
tables a daily and monthly
statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the
years named.
First we give the receipts at
each port each day of the week
George & Brothers, brokers,
A
D’ys
New
Or¬
Mo¬
of
we’k leans.
Liverpool.
Nor¬
folk.
leston.
Mississippi Valley, which we reported
having reached New Orleans July 31, was received
by Williams, Black & Co., of this city, August 5, and sold at
auction in front of the Cotton
Exchange by John H. Draper & Co.
It was purchased by
Macaulay & Co. at 20 cents, who shipped it
to Barnes, Davidson & Co.,
Liverpool.
last week
Wil¬
All
others.
ming¬
ton.
Total.
«at..
62
7
17
48
36
24
131
Mon
70
60
395
115
50
43
49
15
127
137
596
509
Tues
153
Wed
174
Thur
Fri..
46
143
'Tot’l
638
35
38
35
44
23
3
178
....
19
36
86
30
136
49
529
23
128
10
36
10
8
79
340
31
102
77
82;
85
180
700
211
354
249
333
187
....
v
405
692
The movement each month since
Sept. 1 has been
Year
Receipts.
1877.
1876.
as
1874.
1873.
98,491
October..
578,533
-Novemb’r
February.
822,493
900,119
689,610
472,054
449,686
821,177
637,067
479,801
-March.
340,525
182,937
300,128
251,433
702,168
482,688
332,703
197,965
100,194
163,593
133,598
173,986
96,314
68,939
42,142
36,030
92,600
42,234
29,422
81,780
56,010
17,064
127,346
59,501
31,856
Decemb’r
-January
.
..
-April....
May
•June
•July
236,868
675,260
901,392
787,769
500,680
‘
20,240
17,631
Increased Early Receipts
Year.—The present course
by a belief that the early
receipts this year are to be large. We all know of the deficiency in
the visible supply, and well understand that,
even with the
169,077
134,376
115,255
610,316
536,968
740,116
676,295
759,036
444,052
355,323
576,103
811,668
383,324
'
decreased consumption, free arrivals are
necessary to meet the
What is to be the extent of the movement the next
three months is, therefore,
just now the
3,069
engrossing question. No
determine this, except approximately, but an
analysis of the movement for previous years must be the basis for
any intelligent conclusion.
First, then, we give the statement of
1872.
184,744
444,003
530,153
524,975
569,430
462,552
309,307
218,879
173,693
72,602
98-00
This statement shows
97-43
that up to
iports this year were 301,100 bales
bales
more
than
^above totals to
at
the
same
99-34
9906
an
exact
different years.
of course,
total
monthly receipts during the three months beginning August
1876-77.
1875-76.
1874-75.
1873-74.
“
"
“
839
7....
529
618
8....
340
247
9....
700
364
8.
1,141
1,168
1,082
610,316
23,394
134,376
536,968
46,467
115,255
355,323
however, furnish us much of a guide,
comparison must mainly be with the movement of 1877,
and more
particularly with the leading ports. Hence we give
the following as the
weekly and monthly proportion which each
our
leading port contributed
1877.
Aug.
N.Orleans.
last
season :
Mobile.
Charleston. Savannah.
Galveston
3....
168
70
39
174
10....
40
760
80
156
203
233
17....
352
104
ii
273
159
24....
178
766
166
111
200
31....
402
749
140
139
301
932
Total
Aug..
2,795
560
718
1,037
1,785
Sept.
7....
438
355
957
1,134
4,531
8,924
11,327
3,696
1,357
2,358
1,670
2,915
2,044
2,119
4,523
6,793
2,947
2,116
9,122
3,407
16,737
29,612
18,360
13,811
24,714
9,404
19,123
20,082
1872-73.
924
2,201
1,204
960
675,260
1873.
for the
702
s.r
13,524
236,868 ; 169,077
1874.
ii
301
197
33,626
'
u
207
8.
1875.
shall
we
Jy.31 4,258,486 3,957,386 4,085,531 3,473,936 3,768,597
3,573,853
139
Aug. 1....
421
635
8.
1,092
1,727
“
2....
1,465
264
724
521
8.
1,874
“
3....
395
861
504
410
8.
1,056
"
4....
8.
452
846
390
547
2,781
«
5....
596
S.
834
394
701
2,175
“
509
1876.
This statement does not,
for
Tot.
6....
14,462
98,491
578,533
October
ii
1877-78.
1877.
September
97-88
than in 1876 and 172,955
time in 1875.
By adding to the
movement
series of years.
August
Aug. 1 the receipts at the
comparison of the
a
can
MONTHS.
more
Aug. 1 the daily receipts since that time,
be able to reach
one,
1 for
83,515
Tot. Jy.31 4,258,486 3,957,386 4,085,531
3,473,936 3,768,597 3,573,353
Ferc’tage of tot. port
receipts July 31..
this
is much influenced
demand.
follows:
•Sept’mb’r
as
of the market
Beginning September 1.
1875.
r
The First Bale of Mississippi Valley
Cotton.—The first
bale of new cotton from the
SATURDAY, AUG. 3, '78, TO FRIDAY, AUG. 9, '78
Char¬ Savan¬ Galnah. vest’n.
bile.
at 12£ cents, one bale for shipment
New York and the other for
shipment to Robert Dempster,
to
ending to-night.
PORT RECEIPTS FROM
153
1,997
ii
21....
ii
28....
(i
30....
1,364
1,339
2,733
5,474
1,650
Total Sept..
12,560
8,024
Oct.
7,969
19,617
4,782
10,301
ii
14....
«
1,744
5....
12....
ii
,
9,251
19,242
20,536
22,751
18,463
19....
29,792
13,689
25,011
Total.... 4,263,159 3,961,452 4,092,465
u
3,476,356 3,774,579 3,589,556
26....
38,523
14,067
27,047
19,879
u
Percentage of total
31....
35.889
10,627
17,182
13,098
port receipts..
9810
97-65
99-40
99-22
96*31
Total Oct.
131,790
53,466
90,243
This, statement shows that the
107,765
81,586
receipts since Sept. 1 up to
to-night are now 301,707 bales more than they were to the same
With the aid of these
day of the month in 1877, and 170,694 bales more than
figures, each reader can readily reach a
they
were to the same
conclusion
day of the month in 1876. We add to the last
which will satisfy himself, at
least, as to what will be
table the
percentages of total port receipts which had been this year’s
early movement. First, and as an illustration, take
received Aug. 9 in each of the
years named.
the port of Galveston—what increase can we
..
New Cotton
at
Vicksburg.—We have to-day (Friday, Aug.
id) received our first bale of new cotton. It was classed as mid¬
dling, and weighed 489 lbs., and was sold to-day at 15c. Last
year the first bale was received August 14.
New Cotton at Shreveport.—Our first bale of
new cotton
was
received here
expect there ?
The
crop in that State is, we think, at least two weeks earlier than
last year, and hence (if all other
things were equal) could we not
expect the movement would be two weeks earlier? But last
year
was not as favorable as this in
other particulars.
For instance,
the present promise in Texas
is, as every one admits, of a crop
decidedly larger than the promise the middle of last August;
and,
yesterday, Thursday, August 8. Last year our
August 9, and the year before August 6.
further, after the first two weeks of September, 1877, that
New South Carolina Cotton at Augusta.—We learn
State
by
passed through the most miserable season within its
telegraph to-night that three new bales have been received at experience
for picking and marketing cotton.
Of course it
Augusta the past week—two from Georgia and one from South is possible that the
expectation
of
an
increased
yield
Carolina. Last year the first bale was received
on. August 27, may not be wholly realized,
and that this fall
first bale
was
received
from South Carolina.
as
New Cotton at Eufaula.—-The first bale of
new-crop Ala¬
bama cotton was received here
August 7, and sold at auction the
;same day to Messrs.
Simpson & Johnston at 18£ cents per pound.
It was raised by Major William N.
Reeves, of Barbour County.
Florida
Saturday, August 3. The
Savannah News says it was received
by L. J. Guilmartin & Co.,
of Savannah, from C. T. Carroll, of Monticello.
It classed as
strict low middling, and was sold to Johnson &
Jackson, also of
Savannah, for 14 cents per pound.
New Cotton at Mobile.—The first two bales
of Alabama
new cotton were received at
Mobile, August 3, and were sold at
New Florida Cotton.—The first bale of
new-crop
cotton was received at Savannah,
auction in front of the Cotton
Exchange and purchased by E, VM
may
unfavorable
as
last
fall ;
but
the
market is
present
of
be
any
generally governed by the existing condition con¬
tinued, rather than by the anticipation of some evil not
yet
threatening. And as we are seeking to know what the market is
to be in the near
future, we must theorize on the supposition
that until disaster
comes
or
is
believed to be
imminent, the
supposition that there
is to be no disaster.
With regard to the
receipts at New Orleans,
we have as a draw-back the
yellow fever; but it is quite question¬
able whether its effect will not be almost
wholly to divert &
portion of New Orleans’ natural movement elsewhere; if, how¬
course
of
prices will be determined
on
the
the disease should become much more severe or more
extended, it might operate as quite a hindrance to the movement
ever,
in that section.
As to Savannah and
Charleston, the general
154
THE CHRONICLE.
[VOL. XXVII,
expectation is tliat the September and October movement will be New Orleans—To Liverpool, per steamer Andean, 2,315
2,315
Baltimore—To Liverpool, per steamers
Caspian, 175.-..Federico, 703
883
essentially in excess of 1877 ; this expectation is due to a ten Boston—l o Liverpool,
per steamer Bohemian, 93
93
days’ earlier crop and to the prospect of a very considerable
Total
6,559
increase in the total yield.
We have not time at present to
The particulars of these
shipments, arranged in our usual form
enlarge further upon these points, and may give some other data are as follows:
for comparison another week.
Hull.
Liverpool.
Havre.
Barcelona.
Total
New York
554
100
218
'
2.390
3.262
Bombay Shipments.—According to our cable despatch received New Orleans
2,3 5
2,315
Baltimore
to day, there have been
883
bales shipped from Bombay to
883
99
Great Britain the past week and 2,000 bales to the Continent; Boston
99
while the receipts at Bombay during this week have been
Total.
3,000
100
3,851
218
2,390
6,519
bales. The movement since the 1st of January is as follows.
Below we give all news received to date of
disasters
to vessels
These are the figures of W. Nicol & Co.;, of Bombay, and
are carrying cotton from United States
ports, etc.:
brought down to Thursday, Aug 8:
Minnie H. Gerow, ship (Br.), Gerow, from New
Orleans July 23, for Liver¬
..
....
Shipments this week
Great Conti¬
Brit’n. nent.
1878
1877
1876
Great
Total. Britain.
2,000
Conti¬
foregoing it would
Receipts.
Total.
nent.
2,000 286,000 386,000
1,000 370,000 399,000
6,000 521,000 345,000
1,000
6,000
From the
Shipments since Jan. 1.
This
Week.
-
672,000
769,000
866,000
3,000
2,000
2,000
Since
Jan. 1.
842,000
988,000
984,000
that, compared with last
year, there has been an increase of 1,000 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 97,000 bal<es,
compared with the corresponding period of 1877.
....
....
pool, while being towed down from former port was mn ashore
by the
tug on the dyke at the head of Sou’h Pass, at 7 A.M. of the 31st. The
M. H. G. got off and went, to sea
Aug. 3d.
St. Mjcehl, brig of Chatham, N.
B., dismasted a*id abandoned, was again
fallen in with June 22, lat. 35:35 Ion.
63:00, by brig Princess Beatrice
(Br.), od her last outward passage to Point-a Pitre.
Cotton
freights the past week have been
Liverpool.
»
8team.
appear
(j
Saturday.
Monday..
Tuesday.
Wed’day.
Thursday
Friday....
,
Sail.
(J#
—15-64 comp.
—15-64 comp.
—15-64 comp.
—15-64 comp.
— QX
15-64 comp.
—15-64 comp.
as
follows:
,—Havre.—* ,—Bremen.—*
Steam. Sail. Steam.
Sail.
9
Hamburg-*
Steam.
c
X
x
X
X
X
X
cp.
—
cp.
—
<&X 11-16 comp.
11-16
X
coidd.
cp. —(&% 11-16 comp.
cp. —(&% 11-16 comp.
cp. —11-16 comp.
cp. — <&X 11-16 comp.
Sal1,
c
c
x
X comp.
X comp.
X
X
%
X comp.
X comp.
X comp.
—
—
—
—
—
X
X comp.
Etc.—Bagging has been rather more
Liverpool, Aug. 9—5 P. M.—By Cable from Liver¬
inquired for during the past week, and the demand is increasing. pool.—Estimated
sales of the day were 8,000 bales, of which
This inquiry is said to be owing to the quarantine now
existing 1,000 bales were for
export and speculation. Of to-day’s sales
at New Orleans, and the orders are
coming from points that 7,300 bales were American.
The weekly movement is
given as
usually supplied themselves from that city. The sales foot up follows:
about 3,000 rolls, mostly on the basis of ll-£c. for standard
quali¬
ties. The market closes steady, at 10fc. for 2 lb. and ll^@llfc.
July 19.
July 26. Aug. 2. • Aug. 9.
for 2£ lb.
Butts have not changed, and the sales making are
of
Sales
the
week
only of small parcels, though the aggregate quantity is fair, and
bales.
86,000
66,000
106,000
38,000
Forwarded
4,000
3,000
mostly at 2.11-16(5)2-£c., time, the latter price being for good Sales
1,000
2,000
American
59,000
45,000
61,000
29,000
bagging quality. The market is in good shape, with the stock in
Of which exporters took
4,000
4,000
4,000
1,000
few hands, and we look for steady prices to rule for some time to
Of which speculators took..
15,000
9,000
28,000
3,000
Gunny Bags, Bagging,
—
,
come.
The Exports
op
Cotton from New York this week show
a
decrease, as compared with last week, the total reaching 3,262
bales, against 5,695 bales last week. Below we give our usual
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, 1877; and in the last column the total
for the same period of the previous year:
Bxporta of Cotton(bales) from i\e w YorKsluce SeDt.I, 1877
WEEK ENDING
Same
Total
EXPORTED TO
July
July
July
17.
24.
31.
3,318
5,695
to
Aug'.
7.
date.
period
prev’uf
year.
Total stock
Of which American
Total import of the week
Of which American
Actual export
Amount afloat.
Of which American
709,000
566,000
3,000
2,000
4,000
185,000
45,000
1,250
Other British Ports
75
Total to Gt. Britain
1,325
Havre
Other French ports
224
Total French
224
3,318
5,695
325 254
654
331,111
379,938
218
9,544
9,038
5,857
216
....
9.659
....
Hamburg
Other ports
Total to N. Europe.
•
§pain.Oporto& Gibraltar Ac
•
•
•
2,330
....
All others
Total
Spain, Ac
Grand Total
The
following
....
....
Spot.
.
Mid. Upl’ds
Mid. OiTns.
Bank
Bank
These sales are
otherwise stated.
5.695
3.262
on
the basis of
PHILADELP’lA
BOSTON.
Mobile
Florida
S’th Carolina
fPth Carolina.
Since
This
Since
This
Since
week.
Sept. 1.
week.
Sept.l.
week.
Sept.l.
208,559
87,461
395
14G,S55
20,718
4,986
15,029
19.206
10,126
44,910
28,033
2,30
2,398
2,890
4,78S
3,640
2.878
750
420
8,310
•
•
•
•
30,98-
4,660
•
•
•
•
•
.
Virginia
8
l-'O
263
437
Tennessee, &c
Foreign
2
76
293
Total this year
6,641
939,886
9S0 344,443:
39
72,879
Total last
3,928
930,721
2,922 345.4:3:
239
63,930
North’rn Ports
year.
169,307
55,253
163.0 17
13,995
143,931
5,778
This Since
week. Sept.l
25,413
3 246
5,7''0
m
*
2,* 92
m
•
•
•
•
•
•
914
.
•
...
60,016
648 U 7,508
112 110,315
5
....
17
.
•
.
•
•
237
•
....
16
•
....
....
....
.
674
1
530
.
56,285
*.
20.553
19 172
45 883
*
.
.
.
39
j
....
.
42,790
.
...
...
...
9,730
*•
1,442 151,628
\
341 122.340
News.—The exports of cotton from the United
past week, as per latest mail returns, have reached
Shipping
States the
6,559 bales.
So far as the Southern ports are concerned, these
exports reported by telegraph, and published in
The Chronicle, last Friday. With regard to New York, we
Include the manifests of all vessels cleared up to
Wednesday
night of this week.
Tota) ha
are
the same
New York—To Liverpool, per steamers The Queen, 204
277....Adriatic, '<3....
To Hul1, per steamer Lepanto, 100
To Havre, per steamer Canada, 218
To
...'@658
...@658
...®63i
...@64*
Uplands, Low Middling clause, unless
Bank
Holidays.
Delivery.
Sent
An r.-Sept
£ Op Z. Oct.
d.
Delivery.
d.
Nov.-Dee
Giiie
61532
B213‘2 I
Shipment.
.-62^32’®^^16 Oct.-Nov.,n.c’p,s’l 6i532
Delivery.
Delivery.
Ang.-Sept
6%
Aug.-Sept
t ©p .-Oct
62132® 5q Oct.-Nov....
Oct -Nov.......... 61732 Nov.-Dee
Nov.-Dee
61332 i
d.
Shipment.
Oct.-Nov., n. crop,
sail omitted
6i2
Delivery.
,
6i932
6kj
63s
Jan.-Feb
6%
Shipment.
,
Oct.-Nov.,
n. crop,
sail....
638
Thursday'.
Delivery.
August
61932
Aug.-Sept... 61932®9ig
Sept.-Oct
Oct.-Nov
August
Delivery.
Oct.-Nov
Shipments.
6i532
6i932®9i6 Jan.-Feb.,n.cp.s’l, 6H32
6*2
Sept.-Oct., n. crop,
,
6916
sail
Delivery.
Aug.-Sept
G 17.32
Sept.-Oct
69i6/5i1732
Oct.-Nov
6716
Barcelona, per baric Aurora, 2,390....
c8
..
Russia,
554
100
218
2,3.0
Delivery.
Nov.-Dee
Shipment.
6H32
6716“ Nov.-Dee.,n.cp.,si.6616
Shipments.
Oct.-Nov., n. crop,
sail
6H32
Nov.-Dee., n.cp,sl 6H32
Sept.-Oct.,
sail
n.
crop,
..61332
Shipment.
Oct.-Nov., n. crop,
sail
6H32
JBREADSTUFFS.
BALTIMORE
20,345
225
...®658
...®63i
Wednesday.
9,033
390,468
This
3,909
1,118
.'®658
Tuesday.
from
New Orleans..
Texas
Savannah
..
Holiday. Holiday. ...@634
33,484
are
NEW YORK.
the
Saturd’y. Monday. Tuesday. Wedn’sdy Tliursd’y Friday.
341,504
the receipts of cotton at New York, BostoD,.
Philadelphia and Baltimore for the past week, and since Sept. 1, ’77.
bece’ts
31,000
following table will show tbe daily closing prices of cotton for
week:
Friday.
3.318
1,549
2,890
....
57,000
599,000
482,000
20,000
18,000
2,000
167,000
Saturday—Monday.
554
100
115
Bremen and Hanover
617,000
493,000
33,000
21,000
4,000
181,000
42,000
The
-
Liverpool.'
663,000
526,000
13,000
3,000
4,000
194,000
Friday, P. M
The flour market
has
for
Aug: 9, 1878.
exhibited much
,
days past
activity, and flours of all grades from old wheat have advanced.
The impiovement in the demand has been most
conspicuous in
the
common
extras
some
from
spring wheat, large lines of which sold
$4 10(5)4 25. Flours from new winter wheat have been offered
more freely, but have been
readily taken for export at $4 30(5)
4 90 for good to choice extras.
Rye flour and corn meal were in
good demand and firm. To-day, there was a good general demand,
but it was more
readily met.
The wheat market has been
steadily advarcing, but tbe buiiness was restricted almost
wholly to winter growths, consider¬
able portions of which are in condition for
shipment by steamer
only. Early in tbe week there were large transactions of No. 2
red and amber at $1 66(5)1
06£ for steamer and $1 07-J@l 08 for
sail on the spot, and for
August and September deliveries; but
yesterday prices had advanced at the close to $1 10^@1 11 for
at
the
same
deliveries in sail condition.
baen in demand at
White wheats have also
advancing prices, and yesterday sold to some
$1 21(5)1 24 for No. 1 steam and sail condition on the
spot; hut prime No. 1 for September was quoted at $1 19@1 20;
extent at
THE CHRONICLE.
10, 1878. j
August
155
•also, last evening, 75,000 bush. No. 2 Milwaukee, $1
10. Crop EXPORTS FROM UNITED STATES SEABOARD PORTS AND FROM
MONTREAL FOR WEEK ENDED AUG.
contradictory, but, on the
3, 1873.
Flour, Wheat,
Corn,
whole, are more favorable. To-day, the market was quieter, and
Oats,
Rye,
Peas,
Fp.o>i—
bb’s.
bush.
bush.
bush.
bash.
bush.
the latest prices of yesterday not fully supported.
New York
42,136
751,454
703,8 *0
189,113
46,150
407
Boston
5,950
21,393
214,780
...1
Indian, corn has been in good demand at improving prioep, Portland
205
3,366
121,205
299,721
although supplies have increased, both here and at the West; Montreal
18,214
88,679
Philadelphia.
2,575
126,559
341,593
and the weather has been very favorable to the
Baltimore
70?,864
15,036
growing crop,
141,011
8,558
although in localities damage has been done by violent storms.
To‘al for week.,
65,908 1,729,480 1.700,913
207,357. 55,018
89,086
week
59,357 1,503,726 1,651,302
-238,420
Yesterday, No. 2 mixed advanced to 49@49|c., spot and August, Previous
81,179
75/366
Two weeks ago
6.3,911 1,213,551 1,948,061
101,401
62,904
46,288
and 49fc. for September, and steamer sold at 474@47|c., spot and Three weeks ago
68,744
988,340 1,875,524
181,755
38,923
13,105
The Visible Supply of Grain,
August. To-day, the close was rather easier.
comprising the stocks in
granary at the principal points of accumulation at lake and
Rye has ruled very firm, but rather quiet. No. 2 Western sold seaboard
ports, and in transit by lake, canal and rail, Aug. 3,
at 63c. on the spot, No. 1 State, 67(S68c. on the spot, aud Goc. for
1378, was as follows :
accounts continue to be
more
or
less
.
....
....
....
...
....
....
....
....
....
September.
In Store at—
Oats materially declined under free
offerings. - No. 2 Chicago New York
sold at 33c. on the spot and 31c. for September.
To-day, the Albany
Buffalo
market was quiet, with No. 2 gr ided quoted at
32£c. for mixed Chicago
Milwaukee
and 33£c. for white, but the former sold for
August delivery at Duluth (Ju’y 27)
31c.
The
following
are
Flour.
No. 2
closing quotations
Grain.
*
•
$ bbl. $2 5 0® 3 15
Superfine State & West-
No. 2
spring.
3 50 ® 4 00
ern
Extra State, &c
Western Spring
extras
"
$1 02®
1 09®
1 13®
1 00®
1 08®
45®
4 10® 4 25
Wheat
4 05® 4 30
4 40® 6 25
do XX and XXX
do winter X and XX...
do Minnesota patents..
do steamer
4 25® 6 25
6 00® 8 25
4 10® 5 25
City shipping extras
City trade and fami'y
..
.
grade.
S mthern yellow
Southern white
5
50®
Southern bakers’ and fa¬
mily brands.
5 00® 6
4 40® 4
2 80® 3
2 20 £ 2
2 90® 2
Southern shipp’g extras.
Rye flour, superfine......
Corn
meal—Western,&c.
Corn meal—Br’wine, &c.
in
65®
Oats—Mixed
White
50
3>
30
30®
31® 35#
Barley—Canada West
State, 2-rowed
State, 4 rowed
Western
60
....®
—r®
....®
40®
feeding
Peas-Canada bond&free
95
breadstuffs at this
market
77®
beeu
hasi
follows:
RECEIPTS AT NEW YORK.—<
1873.
,
For the
week.
Since
Jan. 1.
98,022
2,3.7,739
4,560
122,797
Flour, bbls.
lS7<J.
For the
w -ek.
time
1877.
1,559,101
•35.123
14\417
Wheat,bus.t,605,400 28,316,(>23 3,113,911
“ 1,358,149 21,601,196 16,373,497
Corn.
“
Rye,61,622 2,s',27,195
447,373
*81,208 *2,615,835 *2,124,717
Barley, “
“
Oats,
329,107 7,160,311 5,2 JO,116
4.425
Q THGttl
*
^
•
•
.
,
a
.
.
.
•
760,771
73 **,951
47,33?
245,434
v
Since
Jail. 1.
1,460,345
132,005
26,06!,95 2
L, 419,0)5
2,427.537
1,508,698
1,939,606
For the
week.
16.745
3,433
99 238
S02,40?
53,181
63.079
3,274
Since
Jan. 1.
872,407
137,644
4,903.807
1 13,841,279
835,060
719,770
98,122
Including malt.
RECEIPTS
AT
AUG.
LAKE
AND RIVER
3, 1878, FROM
AND
FROM AUGUST
Flour,
Wheat,
bbls.
AT—
Milwaukee.
Toledo
Detroit
Cleveland.
bush.
(196 lbs.)
29,824
Chicago
(00 lbs.)
331.317
2)5,960
541,406
335,955
33,200
450,625
...
6.383
2,815
:...
St. Louis
Peoria
32.325
Dulntn
....
Total
Previous week
Corresp’ng week,’77.
Corresp’ng week,’76.
Same time 1877
Same time 1876
Same time 1875
102,231
96,172
1.933,484
1,870,576
81,851
7»5,133
701,812
65,748
81,851
85,743
«.
PORTS FOR THE
78,179
WEEK
DECEMBER 3i TO AUG.
795 133
701,842
1,321,509
Corn,
Oats.
bu-h.
bush.
(55 lb-O
1,879,580
12,80)
198,49.5
1,219
7,950
Barley,
bush.
R3*e,
bush.
(32 lbs.)
(48 lbs.) (56 lbs.)
-> To QO 4*
63,481
4 >,100
9,1 0
11,260
9,393
1,8)5
8,467
1,171
423,441
186 965
12,150
13),626
229,400
104,250
....
....
,
ENDING
3,
1 to Aug. 3.
2,516,409
2,203,34 4
2,410,915
734.427
589,683
24 ),9£5
1,769,956
-321.963
2,410,945
1,769,9.56
1,044,682
240,985
321,968
173.523
SHIPMENTS OF
350
4,193
7,’OO
17,100
24,685
39,629
20,720
*3,92!
83,284
61,910
20,720
23,922
15,330
FLOUR AND GRAIN FROM WESTERN
RIVER PORTS FROM DEC. 31 TO
AUGUST
1,068,193
340,137
22,000
168,434
1,052,476
20,911
800
131,369
325,914
613,776
124,046
26.774
124.016
36,774
29,595
LAKE AND
Barley,
bush.
470,475
20,300
180,000
St. Louis
Boston
Toronto
Montreal
233,503
133.413
25,692
105,591
309,173
41,99)
10\66l
161,272
.
Philadelphia
Peoria
Indi napolis.
Kansas City
•
ruiMIU'/llt?,
*
101,518
760,561
wppt
>YCUA..,,
Lake shipments, week
On canal
200,409
2.4,832
4,065
29,089
102,2:4
354,179
(8,191
Baltimore. .'
Iv -11
....
(Aug. 3)
Total
Estimated.
9,093
253 613
....
5
176,181
204,320
33,500
128,730
35,614
Oswego*
,
353,5.3
2:9.502
18,736
4,227
72,242
13,504
850
....
72,500
7,133
76,302
45,000
4,701
264
138
17,510
43,013
25,572
...
34,185
....
....
3,021
869
1,427
635
...
2,925
436
658
....
271
...
1,355
....
OdVj-lfcU
1,92.),501
350,000
1,819,5*1
900,000
51,735
30,COO
9,537
6,590,602
1,357,505
1,027,994
6,09?,091
66,166
51,900
...
S.vl.O .‘j
*3
-
Rye,
bush.
4^
ATft
11^,010
...
....
1H
iU,^30
84,390
8,000
366,550
THE D&Y G0 3DS T IADE.
Friday, P. M., Aug. 9, 18T8.
Business has been
fairly active during the past week with the
commission houses, and a liberal aggregate amount of
staple and
fancy goods was placed in the channels of distribution. There
was a more general demand for autumn
goods than at any time
since the opening of the season, and drees
goods, ginghams,
shawls and skirts, which have hitherto been
quiet, met with
large sales. The growing strength of the market for cotton
goods and prints lias given a marked impetus to the movement in
these goods, and there was no disposition on the
part of holders
to force sales at old prices.
Woolen goods remained quiet, aside
from flannels, repellents and cloakings, which were in
improved
request by local and interior jobbers. The jobbing trade has
been a trifle more active,
owing to the arrival of some Southern
buyers, but it is somewhat too early to look for much animation
in this branch of the business.
Domestic Cotton Goods.—The exports of domestics from
this port during the week ending,Aug- G reached 1,123
packages,
which were distributed as follows : Great Britain,
348; U. S. Col¬
ombia, 207; Hayti, 136; M-xico, 102; Hamburg, 8d; Argentine
Republic, 61; and the remainder, in relatively small lots, to other
markets.
There was a very strong undertone in the
market,
and numerous makes of brown, bleached and colored cottons
were advanced from
2£ to 5 per c^nt, owing partly to the
enhanced cost of the staple. . Brown sheetings and
drills were in
good demand, and bleached shirtings were fairly active. Cotton
flannels continued in steady request, and corset-jeans,
denims,
ducks, cheviots, ticks, stripes and grain bag3 were taken in mod¬
erate parcels to a very fair
aggregate. Rolled jaconets were in
better demand at an advance of about 2$ per cent.
continued in fair demand and firm,
closing at 3$c
64xG4s, and 3fc, cash, for 56x60s.
and there
dress
3.
Oats,
bush.
2,985
20i;,000
92
1£77. -
r
busb.
13,874
255,782
1^5,526
,
as
Corn,
bush.
Toledo.
Detroit
42
—EXPERTS FROM NEW YORK.
Same
v
52
56
63
63
33
53®
60®
Rye—Western....
40® 6 00
05
11
14
12
25
49
....f® 4:I'M
State
brands
The movement
White
Corn—West’n mixed
1
1
1
1
1
Wheat,
....
was a more
goods,
most of the
Print cloths
,
30 days, for
Prints met with liberal sales,
active movement in
ginghams and cotton
new lines of which were placed
leading manufacturers.
on
the market by
Domestic Woolen Goods—There was an
the whole, unsatisfactory, movement in woolen
RAIL SHIPMENTS OF FLOUR AND
GRAIN
FROM
WESTERN LAKE
AND RIVER PORTS.
Week
Flour,
ending—
Wheat,
bbls.
-
bush.
August J, 1878
August 4, H77
£8,103
6
6»,950
»,950
354/23
August 5, 1876
August 7, 1875
67,284
67,264
44,727
270,5’4
68, SO?
87,911
Corn,
Oats,
bush
5 0,429
bush.
412.5)9
105,263
691.234
114,143
29i,667
216,939
85,973
Barley,
bush.
5,670
22,353
12.4:4
2.537
At—
New York
bbls.
102,493
31,088
2,200
18,975
14,900
Boston
Portland
Montreal
Philadelphia
Baltimore
New Orleans
Total
Previous week
19,835
17,034
206,230
....
149,695
Corresp’ng week,’77. 121,805
Tot. Dec. 1 to Aug. 3.4,851.11)6
_
_
Same time 1877
Same time 1876
Same time 1875
3.705,825
5,‘276,512
5,294,910
Wheat,
bu-h.
1,514.792
117,600
Corn,
Oats,
S34,787
bush.
332,327
351,69)
68,825
1,2 0
2/06
bush.
171,499
4,800
390,3*2;
239,000
1,190,600
38,393
328,003
27,300
17e,000
31,»05
2‘,000
25,420
3,301,834
2,339,292
429,027
2,113,409
2,042,167
1.735,100
479.378
....
Barley,
bush.
9^60 j
Rye,
bush.
10,48:
13,-42
12,46fl
13.612
Ry«s
bush.
40,966
800
1,500
1,900
66
9,800
wear.
Duplicate orders were in some
clothing trad-) for fancy cassimeres, aud fair sales
grades
RECEIPTS OF FLOUR AND GRAIN At’ SEABOARD
PORTS FOR THE
WEEK ENDED AUG. 3, 1878, AND FROM DEC.
31 TO AUG. 3.
Flour,
irregular, and, on
goods for men’s
instances placed by the
45,232
558,723
13,500
50,31)
242,974
44,259
22,47o
43,647,442 68,222,004 11,971.m2 2,425,432 2,600,845
6,601,859 48,035,897 9,680,221 2,030,115
720,32s
26,101,772 51,145.498 14,Li7.24l 1,999,554 845,*22j
25,347,785 30,569,295 9 817,632 325,297 154,527
we *e made to
less liberal than
of
the finer
cloth houses; but the aggregate distribution
was
expected. Overcoatings and beavers moved
slowly, and black cloths and doeskins were in light demand; but
worsted coatings continued iu fair
request and here was a fairly
sustained inquiry for Kentucky jeans.
Repellents were more
active, and some of the more popular makes were distributed to
an important
aggregate.
Wool flannels were injsteady request,
and there was a fair inquiry for moderate
parcels of dasays and
dress plaids; but blankets remained
very quiet.
Worsted and
woolen dress goods met with liberal sales, and shawls and skirts
were
fairiy active.
Foreign Dry Goods.—There has been a slightly
improved
demand for imported goods at first hands, but transactions were
only moderate in the aggregate. Staple dress goods were taken
in considerable lots, but the supply of
fancy dress fabrics is still
meagre, and sales were consequently liglit.
Black silks are
firmly held, and prices hav- an upward tendency. L’nen and
white goods moved slowly, and there was very little spirit in the
demand for ribbons and milliuery silks.
Hamburg embroideries
and imitation laces were in fair request
by manufacturers and
the trade.
156
THE
Importations
of
CHRONICLE.
Dry Goods.
The
importations of dry goods at this port for the week
Aug. 8, 1878, and for the corresponding weeks of 1877 andending
1878,
have been as
follows
Aug. 8,
-1877Pkgs.
VRlue.
1,077
$169,805
1876
Pkgs.
Manufactures of wool....
do
Value.
912
$418,203
273,314
330,904
181,012
139,050
cotton.,
silk
do
....
do
flax....
Miscellaneous dry goods.
Total
WITHDRAWN FROM WAREHOUSE
of wool
do
do
do
cotton..
silk.
flax....
131
393
Miscellaneous dry goods.
123,451
4,372 |1,5S8,192
4,563 $1,651,299
$206,903
69,835
282
..
207,162
342
535
160
104
471
15
117.267
83,0)9
13,854
41
Total
1,?62
Addent’d for consurapt’n 4,325
1,412,503
Total thrown upon mark’t 5,687
$1,903,431
$266,910
63,395
$480,923
443
£23
91.910
73 961
6,301
1,335
$507,510
4,372
54.327
£3,593
18,915
do
of wool....
cottoD.
688
575
185
304
.
'do
do
$287,473
8.6,794
215,430
silk....
flax
Miscellaneous dry goods.
612
226
70.153
33
16,052
50
Total
1,485
Add ent’d for cansnmpt’n 4,325
$672,902
1.53!
1,412.503
4,372
...
Total entered at the port.
5,810
$577,371
1,583,192
1,955
4,563
A ® tO v® t-T
Q
$415,072
1,654,299
5,903 $2,165,563
tt cc t-<
©5 —< oo t-
r-7®
c*
o*
*
of
g«022’3;0!ew
Id 00‘—
n
Cl
TT -O
a i-
I— T* C»
•
co
—r
!CO?3^:»OOiO^C»no
(N
t- l» C* it oo
•
~
tt
i~r
•
■^r' «-T CO
1/5
tp
)D
m
r.
o ®
i*
CO
a
it
co
o» C*
•
Jl M
iff -J.ryi TP
.
l/f * r? SL
»
jg
00
f
Vj-
rr
^
•
C9 O
•
Cl
XT'
t}» ■?»
y— T
cc
♦CO
rr — i- CO
•i/5
•-r-l
o
co
•
-H
•
QO
•
03 30 O* lO 33 CO 03 O r-* >0 l
.
* •« h c»
(?>
-
•"•
’
Cl
T-1
U*
.
y-3
03
sOC*CO
•
t-*
^
03
’
O
8««o
03 CO SS IT1
M
"
61.426
'C
3
37,767
O lr tr o *««
05 M
“-
®
*
O Cl Cl
O.JCO
:8
03
1.5 Cl
-*
—
*®
a
<U5°
»/5 tp i^i;0
.
■
•
—
'0*52
co
tp
of
$287,225
79,822
37,E86
-
C* JO
cn
CO
tptp
i-oo'!*oho®is
.0*0 00 .. XJ ?5 Xi t* tp •f'ST)*-' oo
” O
QO O CO W O *3 vl S3 Ci ^ COO
X
M ?"?3 rf
•OOtiiS
•
’rJo
*00?
t-H
togrt
03
cf
»-H
t.’vo
oo'jp
M* I—
co
£—
T“*
roio
$506,826
_:£58
1,654,299
T7 -O
.
:
•
♦
30
-r
•
♦"*
*40
•
•
6,518 $2,161,125
oo
to
co
:g
:
•
'
o*
CJOH
'
«
i—
Cl
.
•
oc eo_
Tjf
_
00
o
co
r*
C
d
•
*00
T-l
o—*
•
O
•
•
y*
•C*r*>
‘
'
co
co
«o
—j,
‘
TT
oo»
Cl
—
Osf
of©
CT>
^
«*c*
eiw
Imports of Leading; Articles.
The
Jan. 1/78
when not otherwise
Same
time 1877
Since
M
C!
<u
u
•
•
.
•
00 33 03
•
•
^ co
•
*00
—o
*C o ■v*
MO
specified.]
Jan.1/78
■ffiCM
s®~.
*
following table, compiled from Custom House
returns,
shows the foreign imports of
leading articles at this port since
January 1, 1878 and for the same period in 1877:
Since
*H
cr>
7,560
Barthenware..
,
Glass
7.530
22,145
22,051
o
03
142,407
Glassware
Glass plate
Battons
Coal, tons
Cocoa bags
...
12.712
195,8:5
13,978
3,281
4,99.
5,227
3,890
69,149
25 960
Blea. powders..
Cochineal
Cream Tartar..
Gambler
Gam, Arabic....
Indigo
Madder&Ext.of
Oil, Olive
945,291 1,175,251
3,158
•
•
•
•
2,t27
4,589
2,3(0
26,078
451
705
14,80*
3,652
4,024
1,760
89,280
115,067
Hides, dressed..
India rubber
Ivory
Jewelry, &c.—
Jewelry
8£8
955
2,824
26.29o
3,861
85,881
•689
474
31<
Linseed..........
Molasses
Champagne.bkts.
$
Corks
e»o«os
Ci
•
O ©*
T1
•CMOafflM
212968
60,5U5
74,91d
The
lor the
of
713/62
34,720
43,500
168.574
Spices. &c.—
Cassia....
120,015
Ginger
Pepper
Cork
Fustic
Logwood
Mahogany
Receipts
24,108
465,717
182,269
584,176
Hides..undressed.. 6,813,548 7,577,331
Rice
1,706, Woods—
277
222 731
52,247
80,462
Domestic
.
OJ ♦3*
:S
ci
,
170,665
49,213
88,935
39,704
248,764
364.756
124,040
316,149
273.051
29,*/22
446,884
42.235
269,455
20.234
825,603
27,007
O O 51 N lO
■
•05 00
• CC
OO
• i—
.CTCOCOCO—
*co
co oo co
<N
•
Since
417.378!
Barley* mall “
2,531,627 2,124,717!
Grass seed...bags
122.126
75,597!
Beans
bbls.
Peas
bneh.
Corn meal..bbls.
Cotton
bales.
Hemp
“
Hides
No.
Leather
Molasses
hhds.
Molasses
bbls.
Maval Stores—
Crude turp..bbls.
Spirits turp “
Kosin
“
•Pup
456,391
122,797
490,447
2.194
112,255
77,665
45,71:
182,017
140,417
Cheese...
Cutmeats
Eggs
Pork
Beef
Lard
373,426
Lard
4,248 Rice
130,878 Starch
86,019 Stcariue
bales.
49,854
35,550
sides. 2,429.329 2,495,358 Sugar
Sugar
Hides........bales.
Hops
44,rill
“
18
111,478
1,923
45,09]
229,878
12.773
*»
<«
«(
n
H
pkgs.
«T
It
3,393
269,664
10,777
47,186
341,281
171,141
85.296
511,666
26,477
18,311
253,964
14,166
12,519
15,286 Wool
bales.
219,860 Dreeeed hogs.. No.
312,284
87,258
118,338
57,912
19,807
TaTlow
.pkgs.
«T
67,932 Tobacco....
Tobacco.... .hhds.
1,918 Whiskey.... .bbls.
15.9351
2,610
173,190
31,801
70,101
685,351
693,457
1,613,726 1,156,403
796,207
586,765
..bbls.
.hhds.
363
Same
Jan. 1/78 time 1877
♦
■§!
1-0
«
O
.
—>
—«5
o
569
49,82i
339,186
118,141
24,757
224,265
24,902
23,111
211,664
11,630
711
12,097
40,893
118,615
58,536
93,879
63,397
59,467
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receipts of domestic produce since January 1,
1878, and
same period of
1877, have been as follows:
Ashes
pkgs.
2,771
Pitch.
4,650
Breadstuff s—
Oil cake....
•pkgs.
Floor
bbls. 2,337,739
1,559,101
Wheat
bush. 23,346,028 3,113,94J Oil, lard... ..bbls.
Peanuts....
Corn
“
21,6(il,19b 16,373,429 Provisions—
“
Oats
7,160,841 5,290,116
Butter.... pkgs.
Bye
“
44
2,665,835
*
>0»/5it5TPTj,'c0550oiCO«5cO
*■**-.•**
I
‘
Produce.
Since
Same
Jan. 1/78 time 1877
ID
(MtPQiO
<= «- O o»
■
a
■
T-I
»-l.
-1
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412,841
1,923,142
509,903
35/75
8)0,3 *5
394,035
ri
.
Cl OI
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.
TO
—
C85I
03'°
923,351
673,664
1/03,145 1,177,260
491,746
565,511
Nuts.
Raisins
cp
.*6
‘O*.^
05® Orr*-*
•
Oranges
•
T*< M5 CT.
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.
•
•
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2
652.863
30,145
$
423,722
209,500
»o ~o O
00 C*
o
500
69.809
637
51,120
86,186
20,690
Saltpetre
1,449
Witches
291
13,191 Fancy goods
37,065 Fish
81.633 Fruits, &c.—
3,5 5
Lemons
2,613
Bristles
.
40,758
Wines
2,811 Wool, bales
3,712 Articles reported
by
8,333
value—
27.350 Cigars
598
Hides, &c—
1,366,707
526,086
33,851
2,198 Wines, &c—
2.033
3,955
Hemp, bales
394.185
8,153 Tobacco
9.218
38,978
Hair
bhls
.mop1
•
•
CO -G* Cl
~-r
.
596,902
6,803.959 6,785.907
82,322
113,960
slabs,lbs...
17,698 Waste
•
36.412
Gunny cloth
Tin
6)6.832
2,565 Sugar, bxs & bags.
20,826
16,001
1,810
Sodaasb
Furs
Steel
Tin, boxes
Tea
Opium
Soda, bi-carb...
Soda, sal
Flax
Spelter, Tbs
Paper Stock
15,329 Sugar, hhds, tcs. &
1
15.195
Coffee, bags
Cotton, bales
Drugs, &c—
Bark, Peruvian.
4,280
717,765
26,170
o;otp
cr. t- o
iuJ*CB
.
So
0<-o
2,268
big
000
S3
•
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Same
time 1877
2,383
.
.
*1-
1/5 SC
1/5 05
U3
sfgfjfa'
Hardware
Lead, pigs
»o
CJ W1
•n3 0!t-i0 0» f*
Metals, &c.—
Cutlery
*n
124
*
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•oc*i-c-;oaooo
China
C9
09
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$2,035,410
o
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24 i
73
301
601
«-•
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6,012 $2,072,371
$261,725
67,883
115,609
10^,574
53,580
124
519
- •»* »h
2 .2
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5,707 $2,095,702
CO •—>
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ENTERED FOB WAREHOUSING
DURING SAME PERIOD.
Manufactures
» si ^
81,610
93
-*
Woio -OOOJ.QO
rsO'-i'" n.'CON
"
$179,622
394
191
1,419
4,563
1,588,192
from New
■raorr^O}j5'.#35T«r«'t
AND THROWN INTO THB
MARKET DURING TEE
SAME PERIOD.
502
...
1,059
Leading Articles
to all
totals for the last
week, and also the totals since Jan. 1,1878*
and 1877.
The last two lines show total
values,
value of all other articles
the
besides those mentioned including
in the table.
1878Value.
329,634
453,139
704
4,325 $1,412,503
Manufactures
shows
1878.
$369,312
360,496
570,; 81
262,587
91,223
1,160
of
following table, compiled from Custom York.
House returns*
the exports of
leading
articles from the port of New York
the principal
foreign countries since Jan. 1, 1878, the
The
:
entered roa consumption fob
thb week ending
exports
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August 10,
THE
1878.]
UIDNEHAL
PfcUUES OURtcENT
ASHES—
Pot, first serf...
HP tt.
4* a
B8EADSTUFFS—Seespeclal report.
BUILDING MATERIALS—
Bricks— Common bard,afloat..V M 2 CO ©
Croton
7 uO
4 75
9 00
©
© 28 00
©
9C
Philadelphia
25 00
Cement— RoBendaie
HP bbl.
80
iAme— Rockland common....HR bbl.
6?
Rockland, finishing
85
Lumber—Pine,g’d to ex.dry.V M It. 40 Uu
Pine, shloplng. box
16 90
do tally boards, com.to g'd,each.
25
Oak
HR M. it. 3i 00
Ash, good
33 00
«
4*
©
...
©
....
factory .prime to choice.. ..HP a
Western factory, g’d to choice..
••
COAL—
Liverpool gae cannel
12
7*
York.
COFFEE—
do
gold.
gold.
gold.
...gold.
do
Native Ceylon
Mexican
Jamaica
Maracaibo
gold.
..gold.
gold.
gold.
gold
gold.
Laguayra
St. Domingo
Bavanilla
Costa Rica
n
©
....©
*•
“
•*
17
23
15
IB
44
44
44
44
44
*'
gold.
4
16*
17X
©
©
25
15
©
©
16X
18X*
13
14
18
13
14
44
41
gold.
IS*
©
...
16
1.7
16
©
©
©
©
©
1»X
17
17
Bolts
HP A.
(over 12 oz;
Braziers’(over 16 oz.)
new
28
26
23
16
16X
©
HUGS A DYES—
Alum, lamp, Am
Aloes, Cape
HP 100 A car 2 12 X I
'i xa
HP A. gold.
Aloes. Barbado. 8
44
Arsenic,powdered
•*
Bicarb, soda,Newcastle.HP 100 A 44
8
Blchro. potash
HP A cur.
1
Bleaching powder
HP IcO A. 44
Brimstone, 2n <s A Srds.per ton.gold.24
Brimstone, Am. roll
HP A..cur.
Camphor refined
44
Castor oil, E.I, in bond. HP gal..gold.
20
2
75
40
©
(0 ©
2* a
44
44
3 65
17 75
Ciehlneal, Honduras, silver...
**
59
*SX
21
Jalap.
•
•
.
1 90 ©
....a
4
©
14*©
7X0
Prunes,Turkish (Le v)
do
French
13
4
Bates.
Figs, layer
CantonGlnger.wh.Ahf.pots.HP
Sardines, HR half box.
Sardines, HP quarter box..Macaroni, Italian........
case.
do
do
do
do
HP A
HR A
quarters
State, sliced
do
quarters,
Peaches, pared, Ga , good to choice
do
unpared, halves and qrs...
Blackberries (c op 1S78;
Raspberries..
Cherries, dry mixed (crop 1873)
Plums, State
Whortleberries,
17X©
11*©
11*0
l*x©
_
Domestic Dried—
Apples, Southern, sliced
10
6 50
©
©
©
©
4
2
8
3
4
S
©
©
©
©
©
©
(X©
2c
14
11
.»
10
43
31
8X
6*
14X
7*
1?
4*
13
8 00
•
*
•
6
3
5
4
sx
4
7
©
21
13
14*
12
35'
84
31
87
35
35
at
Honduras, sheet.
86
©
34
34
©
@
@
HR ton. 16 50
15 50
14 50
22 75
© 18 00
© 17 03
© 16 ou
©VS 50
Store Prices.
Bar, Swedes .ordinary sites. .HR ton. ISO 00 @132 50
Scroll
HRlb. 2 5-10©
5
Hoop, *x.No.22tolAl*x 13A14 ,4
5 © 2 P-10
11
Sheet, Russia
1(>*@
...gold.HRA
Sheet, single,double A treble, com.
3*@
4
ton, cur. 82 00 © 36 00
Rails, American
Steel rails, American....,
43 UO @ 44 00
LEAD—
HR 100 lbs, gold 6 37XA 6 40
Ordinary foreign
cur. 8 25 © 3 37*
Domestic, common
Bar (discount, 10 p. c.)
....©
5
HR A.
Sheet
44
r*
6
©
LEATHER—
Hemlock. Buen, A’res, h.,m.A l.HR A.
20 ©
44
20 ©
California, h„ m. A 1
44
...
Al....
m.
1?X3
44
rough
Slaughter crop
20
@
25
@
©
vS
25
21
23
27
23
26
©
Barbadoes
Demerara
Porto Rico
N. O..com. to prime,....
NAVAL STORKS—
100 A.gold.
cur.
©
©
©
©
•
•
••
5 25
5 37X©
4 75 ©
6 00
5 25
SPICKS—
Pepper, Batavia
do
Singapore
do
HP A,gold
do
Batavia
Ginger, African
Nutmegs,Bataviaand Penang
Pimento, Jamaica
Cloves
do
....©
12*@
white
stems
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix, 3d proof
HP gall.
44
“
20
20
20
6
36
©
ss
©
14
80
...
50
»»
Whiskey, Scotch....
"
«*
8 60
@
©
2 01
1 C6
a
“
Brandy (Cal.) deliv. in N. Y....
44
STEEL—
English,cast,2dAlstquality HPAgold
English, spring,2d A 1st quality.. “
English blister, 2d A lstquality..4*
English machinery
44
English German,2d A 1st quality 44
cur.
American machinery
spring....
F*lr
“
44
Boxes,
,
•••«•••••*
fair to
1 06*
3 53
©
Store Prices.
14X©
is
6X©
9
6*
11
©
10*
9X@
iox©
n»*
....©
16
9
10
prime
dayed, Nos. 10@12
Centrifugal, Nos. 7@13
6X@
a
6*
?*
7X
....©
1%
..
“
7
“
7X@
7* a
'•
©
Melado
“
Manila,
44
6X*
44
"
44
7**
44
44
9* *
9*4©
44
9*2
sup. and ex. sup
Batavia. Nos lu@12
Brazil, Nos. 9@ll
Defined—Hard, crushed
Hard, powdered
do granulated
do
5 90
.
Good refining
•(••••••«••••
3 25
4 00
©
©
....
SUGARIoferlorto common refiniog....^ A.
Prim6
Porto Rico, refln
© 17 00
© 8 00
© 4 UU
....©
...©
....©
..©
caRtspring
American German
14*
<—gold.
Gin
HR gall.
5*
..
3 75
4 CO
3 50
3 00
3 60
do
Irish
Domestic liquors—
Alcohol
Whlskev
•••*
....©
....©
15 ©
....©
....©
.©
©
....©
...
cut loaf
Coffee, A. standard
do
off A
White extra C
Extra C
44
C”
Other Yellow
Molasses sugars
7
V*
7*
»*t
44
9
8* 4
8X©
“
&
&
©
“
44
44
©
8
9*
8*
7X@
8*
7*
©
?*
©
44
41
44
44
S5
44
44
strained
to
Primecity
Nominal.
Nominal.
82 ©
45
45
©
HR bbl. 2 25
a
2 25
2 00
...
low No. 1 to good No. 1
low No. 2 to good No 2
low pale to extra p vie..
window glass
“
44
44
44
175
1 50
2 50
8 75
1 45
©
©
©
4 0U
S5
©
4*©
9X@
b
Olive, in casks HR gall..
Linseed, casks and bbls
Menhaden, crude Sound,....
Neatsioot, No. 1 to extra
Whale,bleached winter..;,..
Whale, crude Northern
Sperm, crude
Sperm, bleached winter
Lard oil. Nos. 1 and i
©
4*@
8*
8X©
10X
30
*•
10
56
80
60
53
44
*•
44
44
44
44
44
44
85
l 20
57
31
90
54
45
90
1 05
52
©
©
©
©
©
©
©
43
02
45
OIL C ARB-
City, thin oblong, bags, gold, HR ton.
Western, thin oblong (Dom.)cur 44 80 80
gold. HP A
44
English .refined
tt 81 00
© SC 50
Superior to fine
do
Young Hyson,Com.to fair
do
Super.to flue
do
Ex.fineto finest
do
Choicest
Ex. fine to finest
Choicest
do
~
Sup.to fine
do
Kx. fine to finest..
Uncolored Japan .Corn, to fair
co
Snp’rtofine
do
Ex. fine to finest
©
Nomlni
Hyson Skin.A Twan..com. to fair.
do
do
©
43
SuD.to fine
Extrafinetofinest
do
14*
5 50
6 00
Nomlni
16 ©
so ©
Imperial, Com. to fair
uo
17*
18 ©
25 ©
85 _
Nomint
16 ©
25 ©
85
8unpowder.com to fair
do
Bnp.to fine
do
do
©
....©
HPbx g d. 5 SO ©
5 75 £
44
Extra fine to finest
Choicest
do
...
13*©
44
Plates, 1. C., coke
Plates.char.terne
»*
IS
HP gal.
TIN—
Banca...
Straits
do
30
HP lb.
H* A. 6 15-16©
TEA—
Hyson, Common to fair.....cur. HR A
©
o
HP gal.
27X3
good strd.HH bbl. 1 40 ©
OILS—
Cotton seed, crude
...
Oolong, Common to talr9#M.
do
Superior to fine
do
Ex fine to finest..
do
Choicest
Souc. A Cong., Com. to fair
do
Snp’rtofine
do
Bx. fine to finest
do
Choicest
18
27
38
II
©
©
©
•
©
Nomlx
17 ©
26 ©
86 ©
IS ©
26 •
85 ©
28
82
45
28
83
45
..
18
27
40
55
23
85
©
©
©
5C
©
70
TOBACCO—
PETROLEUM—
Crude, in bulk
HP gal.
Cases...
44
13*@
44
PROVISIONS—
Pork, mess,spot
Pork,extra prime
a
...
14*
....©
.................
Naphtha,City, bbl*
7*
....©
HP bbl. 10 93
44
©
....
•I
id oa
II
11 75
fl
hams,Western
II
RICE—
Carolina, fair to prime.
Louisiana, fair to prln
© u so
© 12 00
....© 21 50
•
•
©
7
©
©
7
••
.HP
HP sack.
Clover,Western
Clover, New York State,
HP A.
HP busb.
bush.
Canary, Dutch
Hemp, forelgu
Flaxseed, American, rough #•©••••••
Linseed, Calcutta
HP 56 A» gold.
Linseed Bombay
HP 51 A gold.
7X
7*
3 23
3 12X©
....©
HP bush.
.HP
Liverpool, Ashton’s fine
8ESDS-
Timothy
Canary, Smyrna
Canary, Sicily
wxa
66
•
.HR 10C A
SALTTurk’s Island
St. Martin
....
7*i0
.
44
HP A
•1
Kentucky
lugs, heavy
HP A
44
leaf,
44
com. to fine.
Seed leafr-New Eng-wrappers^S-’l?
44
do
fillers, ’76-,77
Pa. assorted lots, ’76-’77
Yara, 1 and II cuts, assorted
Havana, com.to fine
Manufac’d.in bond, black work
©
Beef
Forelgn
Domestic, common
31
a
...
44
...
©
©
30
44
....
Tar, Washington
Tar,Wilmington
Refined.......
00
75
00
75
TALLOW-
Cuba, clayed
A gal
Cuba, Mus.,refin.gr4d8,50t.est.
44
do
do
grocery grades.
44
Rosin,
44
s*
©
SPELTER-
American
Pig,American, No.1
Pig, American,No.2
Pig, American, Forge
Pig. SCOtCU
hide,h.,
5
4
5
4
Re*-reeled Tsatlees, best
Re-reeled Congoun, No. 1........
American blister
American cast, Tool..
IRON--
Patna, duty paid
12
14
©
©
©
S4
©
©
...
2 05
•
50
©
@
»7X@
OAKUM—Navy,U.8. Navy A best HP A.
....
do
Loose
do
Valencia
Currants
Citron
©
©
©
©
Pecan
.
44
29
Licorice paste, Calabria
44
Licorice paste.Slcily
23
44
Licorice paste, Spanish, solid., .gold
23
8
Madder, Dutch
44
*X©
5 ©
Madder,French, E.X.F.F
44
5*
19
Nutgalls.blue Aleppo
i8*a
......cur.
OU vitriol (66 Brimstone)
*4
1X0
1*
Opium, Turkey ....(in bond), gold. 3 75 a 4 CO
22 ©
Prossiate potash,yellow, Am..cur.
43
47 ©
Quicksilver
gold.
Qainine.
cur. 8 10 ©
50 © 1 50
Rhubarb, China,good to pr.... 44
dal soda, Newcastle.. HP 1U0 A, gold
....© 1 15
18
24
Shell Lac, 2d A 1st English..HP A.cur.
Soda ash
F 100 a. gold 1 65
i 70
19
Sugar of lead, white,prlme.HPAcur.
7 •
Vitriol, blue.common
44
7X
jrisa—
Gr4d 8k.& George’s (new) cod.HP qtl. 8 75 © 4 25
Mackerel, No. l.M. shore
pr.b>bl. 14 00 © 22 00
Mackerel, No. 1, Bay..
© 20 09
11 00
Mackerel,No.2 Mass, shore
9 00
15 00
Mackerel. No.2,Bay....
12 50
FRUIT—
per BOlb.frall 8 70 © 8 75
Raisins, Seedless
do
Layers
....© 1 75
•
8
11
8
8
©
Fllnerts, Sicily
Walnuts, Naples
4 25
1 20
18
•
*8X
©
good to prime
common
Tsatlees, No. 2
Tavsaams. No. 1
SPIRIT8—
Almonds, Jordan shelled
10
©
©
©
©
©
14
©
©
©
10
8
Brazil
5
17
21
25
25
26
13
NUTS-
9
44
10
SX@
car.
7
6 25 ©
8 37X®
SILK—
do
Calcutta
Mace.
©
©
Mexican, sheet...
44
“
gold.
44
per 100 lbs.
Glycerine, American pure
44
Para, fine
Para, coarse
Esmeralda, pressed, strip.
Guayaquil, p essed, 6trip.
Panama strip
Carthagena, Dressed.
Nicaragua, aheet
Nicaragua, Bcrap.
44
4 00
13 00
60
a S7*@
85 ©
do
44
SO*
-cm.
44
Refined,pure
HRA
Crude
.........per 100lb.gold
Nitrate soda
;
44
44
Cassia, China Llgnea
ux
©
HOFSNew Yorks, com. to med...*.
Spirits turpentine
32
29
Ginseng
do....
44
Pitch, city
44
car.
Cahebs, East India
Catch
Gambler
2X
14
1 45
2**©
SO
Caustic soda ........ .HP 100 A
Chlorate potash
44
Cochineal, Mexican
Cream tartar, powdered
12
22
©
©
©
13*3
Texas,
©
9
S
9
Texas, crop
MOLASSES—
....©
@
....©
...
American Ingot, Lake.
OTTON—See special report.
do....
19X
©
19*@
16X®
Oak, rough
COPPEK-
Sheathing,
44
44
44
21
21
23
INDIA RUBBER-
1ft
17
...
do
do....
do....
do
19
13
Yearlings
17
’
good,
prime,
Java, mats
....
19X3
Old
.
do fair,
44
44
California,
Eastern
Wisconsin
9
....© 8 50
12 00a 18 00
Liverpool houso cannel
Ahthracitk—The following will show prices at
last auction or present schedule rates:
Penn.
D.LAW.
D.AH, P.AR
L. AW.
Bched.
Auction.
Sched.
Sched.
NewN. T.
Jily 31.
Port
burer.*
Hoboken.
Ha* bor.
Johnst’n.
St’mb.. f 3 15
$3 60
$3 tO
3 60
Grate... S 45
3 6)
$3 47H@3 50
3
3
75
3 75
Egg .... 8 60
57* @8 60
Stove... 4 05
3 90
4 20
4 iO
Ch’nut.. 3 50
3 22)4
8 60
3 60
50 cents per ton additional for delivery at New
do
do
do....
do....
E. I. stock—Oal. klps.slaught. gold
Calcutta kips, dead green...
44
Calcutta, buffalo
44
«X
ttlo, ord. car. 60and9Cdays.gld.HRA
....
©275 00
6*3
5 <n
?*
4*@
5*
44
“
-.
6
«X*
@195 00
@
©
270 00
44
Matamoras.
WetSalted—Buen. Ay, selected
Para,
do....
CHEESE—
State
..HRA
Jute
Orinoco,
California,
75
..
4»
55
©
gold.VCO 90
Dalian
Manila
Sisal
Corrientes,
Rio Grande,
7*
^
Russia,clean
SALTPETRE—
Dry—Bnenos Ayres.selected.HRAgold 20X3
44
Montevideo,
do....
20X@
@2 85
Faints—Ld., wh.Am.pure. in oil HR A
S ©
Lead,wn., Amer.,pure dry
7*s
Elnc, wh.,Amer. dry. No. 1
5 ©
Einc.wh.. Amer.,No.l,ln oil .....
J| ©
©
Parlswhlte. Er.fc.,gold....HP 100 A. 1 70 ©
BUTTER—(Wholesale Prices;—
a
Tubs,good to choice State.
..HRlb.
West’n creamery g’d to ch
“
©
Welsh, State, g’d to choice
“
©
Western dairy, fair to pr
©
“
GUNNIES.—See report under Cotton
HAY—
North River sMDpinar
HR 100 A
45
HEMP AND JUI'K—
American dressed
HR ton. 17C 00
American undressed
157
HIDES—
© 67 00
© 21 00
©
E3
© 40 Ou
© 36 00
Black walnut
75 00 ©1V5 00
Spruce boards A planks, each
23 ©
27
Hemlock boards, each
15 ©
17
Maple
HP M. ft. 30 00 © 35 00
Mail#—10@60d.com,fen. A sb.HP keg ...
© 2 40
Clinch, lx to 3 in.A longer
4 25 © 5 25
Id fine
© 4 35
Cutsplkes,allsizes
CHRONICLE.
44
bright work-.
WOOLAmerlcan XX
American, Nos. 1 A 2
...HHA
American,Combing
Extra, Pulled
No.l, Pulled
California, Spring ClipSuperior, unwashed
©
26
26
©
28
....
©
250
••*0
8 ©
1 30
1 70
©
©
©
©
1 10
1 9
...
©
1 20
:s
40
©
S3
©
©
©
©
42
31
20
©
©
80
28
85
SO
18
Texas, fine. Eastern
Texas, median). Eastern
24
23
16
©
88
8)
24
©
©
©
18
©
21
28
• ••#
27
25
18
••••
8*
1 40
1 77*
1 75
©
1 95
©
7
10
©
25
gold.
12
85
«t
©
©
©
©
Smyrna.unwashed
•
5
8
78
65
11
14
Sjuth Am.Merino,
unwashed
Cape Good Hope, unwashed
4*
©
©
©
©
26
22
15
14
26
Fair
Inferior.
Burry
25
8
5
10
FREIGHTS—
ToLlVBBFOOL:
Cotton
Flour
HP ©.
HP bbl.
Heavy goods. .HP ton.
Corn.b’lk A bgs. HP bu.
Wheat, bulk A bags..
Beet
Fozk..
HP tee.
HP bbl.
—8TXAM.—»
I. dm Sm dm
-...© X
2 6 ©....
77d.
SAIL.
9m
15-54 comp
2 3 ©
•
27 6 637 6
7* a....
}*«....
©....
5 6
4 0
©....
r
dm
»...
H
•••
158
THE CHRONICLE
Commercial Cards.
Steamships.
THE
Russell & Co.,
C OM MISSION
AND
AGENTS,
TO
Hong Kong, Canton, Amoy, Foochow,
Shanghai and Hankow, China.
Boston Agency,
) New York Agency,
J. MURRAY FORBES, >
S. W. POMEROY Jn„
30 Central Street. )
105 Water St., N. Y
'
^
VIA
Head
14 Exchange
Parker,
Place,
BOSTON.
Post Office Box 2,634.
Olyphant 6c
COMMISSION
Co.,
REPRESENTED
OLYPHANT
&
Capt. RAY ALLEN.
Capt. JESSE MOTT.
T* M Daily (except Sundays), from Pier No. 29
*
*
St., New York.
S1IPER-CARBONATE
OF
SODA.
THE
FOR
ft
o
9*
a
Brinckerhoff, Turner
6c
Co.,
BAGS,
AWNING STRIPES.’
Aiso, Agents
Ranting Company.
supply all Widths and Colors always in stock.
Street.
POINTS
LIME,
EAST,
Direct Line
France.
to
The General Trans-Atlantic Company’s
Mail Steamships,
Locomotives
and
Fire
YORK
AND
HAVRE.
Calling st Plymouth for the landing of Passengers.
The splendid vessels on this favorite route, for the
Contlnent-’Caolns provided with electric bells—will
sail from Pier No. 42 North River, foot of Morton st.,
as follows:
FRANCE, Trudelle
Wei., August 14, 6:3) A. M.
•PEREIRE, Danre.
Wed., August 21,11 A. M.
*ViLLE I)E PaHIS. Pantellf, .Wed., August .8, 5 P. M.
PRICE OF PASSAGE IN GOLD (including wine;:
To Havre—First cabin, $100; second cabin, $ 5; tain,
;
steerage, $26—including wine, bedding and
utensils.
To Plymouth,
London or any railway station In
England—First cabin, $90 to $100, according to accom¬
modation; second cabin, $65; third cabin, $35, steer¬
age, $27, Including everything as above.
Return
tickets
at
reduced iatea,
through F.ngland and France. Steamers m
(•) do not carry oteer»ge passengers.
For passage and freight apply to
available
very
irked thus
ARESTAS
Superintended,
Manchester, N. II
OF
Steam
N. H.
W. G. MEANS,
Treasurer,
40 "Water street,
Boston
Y/traqeV
55
Broadway.
Atlas Mail Line.
BI-MONTnLY 8F.KV1CK TO JAMAICA, RAYTs
COLOMBIA and ASP1N WALL, aud to PANAMA and
SOUTH PACIFIC POUTS (via Aspinwall.)
Fitsl-clase, full-poweied, Iron ocrew steamers, from
Pier No.51. North River.
For Kingston (Jam.) and Hayti.
ETNA
For Hayti,
ANDES
...
Colombia, Isthmus of Panama aud
South
Pacific Ports (via Aspiuwai ).
—
August 13
Superior first-class passenger a<comiiK><!«tK n.
PIM, FOR WOOD & r<\. Agents,
HELIX
Wire
Rope.
STEEL AND CHARCOAL
of
superior quality
suitably lor MINING AND
HOISTING PURPOSES, in¬
FOK
Saratoga Victory Mfg Co,,
AND
Hosiery, Shirts and
Drawers
From Various Mills.
PHILADELPHIA,
15
BOSTON,
Chaunosy St
J. W. DAYTON, 230 Chestnut Steekt.
nor
‘upon Fire disconnected
Premiums marked off from 1st Janu-
1877, to 31st December, 1877.... $4,902,331 08
during the
same period
$2,565,890 27
Losses paid
Returns of Premiums and
Expenses.
The
.
$947,923 86
Company has the following Assets, viz.:
United States and State of New York
Stock, City, Bank and other stocks.$10,565,938 00
Loans, secured by Stocks and other¬
wise
1,163,200 00
Real Estate and claims due the Cornpan jr, estimated at
Premium Notes and Bills Receivable
Cash in Bank
617,436 01
1,764,393 63
255,364 02
$14,366,351 66
Six per cent. Interest on the
outstanding
certifies*es of profits will be paid to the holders
or their legal representatives, oh and after
Tuesday, the 5th of February next.
outstanding certificates of the issue of 1874
paid to the holders thereof,
or their legal
representatives, on and after Tues¬
day, the 5th of February next, from which date all
wi l be redeemed and
interest thereon will
cease.
The certificates to be
produced at the time of payment and canceled.
Upon certificates which were issued for gold pre¬
miums, the payment of interest and redemption
will be in
gold.
Cent, is de.
premiums of the Company
year ending 31st December, 1877, foi which
on
the net earned
certificates will be issued
7th of May next.
on
and after
Tuesday, the
By order of the Board,
J, H.
CHAPMAN, Secretary.
clined Planes, Transmission
lof Power, &c. Also Gai
jvao’.zed Charcoal and BBior
[Ships’ Rigging, Suspension
Bridges, Derrick Guys,Ferry
Ropes, &c.
A large stock
constantly on hand from
which any desired length
are cut. FLAT STEEL AND
IRON ROPES for Mining
'purposes manufactured to
order.
NEEDLES.
Washington Mills, Chicopee
Mfg Co.,
Burlington Woolen Co..
Lillertou New Mills,
Atlantic Co,ton
Mills,
NKW YORK,
A 45 White Stkekt.
$6,751,028 44
with Marine Risks.
for the
NEW YORK.
E.R.Mudge,Sawyer6cCo
AGENTS
2,040,362 61
No Policies have been issued upon Life
dared
ORGANIZED APRIL 12™ 1842
BROADWAY,
Policies not marked off
on
January, 1877
treet.
JOHN W. MASON & CO.,
43 Broadway, New York*
400
Premiums
thereof,
IRON
George A. Clark 6c Bro.
MIL WARD’S
from 1st January, 1877, to 31st De¬
cember, 1877
$4,710,665 83
A Dividend of Forty per
Works,
Amoskeag
BLOOD,
affairs on the 31st December, 1877:
Premiums received on Marine Risks
Total amount of Assets
DEBEBIAN,
No. 56 Wall
Engines,
MANCHESTER,
Company, submit the following Statement of its
.ary,
BETWEEN
Miscellaneous.
MANUFACTURERS
New York, January 23, 1878.
The Trustees, in conformity to the Charter of the
Total amount of Marine Premiums.
MANCHESTER
Locomotive
Co.
The
“ ONTARIO ’ SEAMLESS
Duane
Insurance
RELIABLE
Agent,
CANVAS, FELTING DUCK, CAR COYER
ING, BAGGING, RAVENS DUCK, SAIL TWINES
No. 109
ALL
LOUIS
COTTON
A f'jM
Mutual
1st
And all kinds of
State*
OLD
State-rooms and tickets FOR EITHER LiNE secured
Broadway and at all offices of Westcott’s Express
Company. Also tickets sold at all hotel ticket-offices.
Freight, via either line, taken at reduced rates.
D. S. BABCOCK, President.
L. W. FILKINS, General Passenger Agent.
COTTONSAILDUCKJ
United
street.)
at 363
WATDJfHCtiaera and Denier* In
4
Warren
of
HI
it*. From Pier No. 33 North River (foot :of
Jay 8treet}
.
cabin, $35
Slip,
New York.
Jobbing Trade ONLY Supplied.
&0.
River (foot
Risks,
MANUFACTURERS OF
The
North
BY
John Dwight 6c Co.,
Old
ATLANTIC
Passengers arrive in Boston ar. 7 A. M. No interme¬
diate landings between New York and Providence.
NEW
1 1
42 MILES OF RAIL.
« s 11
CO., of China,
104 Wall
No.
REStTcNLY
MERCHANTS,
Kong Kong, Shanghai, Foochow and
Canton, China.
THE
DIRECT.
STONINGTON
MERCHANT,
OF
MASSACHUSETTS, RHODE ISLAND,
AGENT,
S. W. POMEROY Jb.. 105 Water St.. N. Y.
Charles E.
OFFICE
BOSTON,
The Favorite Palace Steamers:
Hong Kong & Shanghai
Banking
Corporation,
Office, Hong Kong.
COMMISSION
GREAT
PROVIDENCE
A FULL NIGHT’S
-
——
Insurance.
Providence Line
MERCHANTS
SHIP
fVoL. XXVIL
sifts,
lfiShUESF.S.WINSTON,PRESIDENT . Qf
EVERY APPROVED DESCRIPTION
LIFE and ENDOWMENT POLICIES
ON TERMS AS FAVORABLEASTNOSE OFANYOTHER CO*
"ASHASSETS over $80,000,000.
TRUSTEES:
J. D. Jones,
W. H. H. Moore,
Charles H. Russell,
Charles
David Lane,
Gordon W. Burnham.
William Sturgis,
Daniel S. Miller,
Josiah O. Low,
Royal Phelps,
C. A. Hand,
William H. Webb,
Francis Sladdy,
Adolpli Lemoyne,
Charles H. Marshall,
Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
John Elliott,
Wiiliam H Fogg,
Thomas B. Coddington,
5. D.
Dennis,
Lewis Curtis,
James Low,
William E. Dodge,
Thomas F. Youngs,
John D. Hewlett,
Charles P. Burdett,
Alexander V.
Blake,
Robert B. Mmtum,
George W. Lane,
DeForest,
Charles D. Leverich,
Edmund W. Corliee,
William Bryce,
James G.
Peter Y. Bang,
Horace K. Thnrber.
JONES, President.
CHARLES DENNIS, Vice-President.
W. H. H. MOORE, 2d Vice-President,
A. A. RAVEN, 3d Vice-President.
@FedFRASER