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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
27.
YORK, AUGUST
Financial.
FInunclal.
THE
National Bank-Note Co.,
OFFICE, No.
1
52
1859)
XEW YORK.
Plate Engraving and Printing
:Steel
BANK NOTES, GOVERNMENT AND
CORPORATION BUNDS,
CERTIFICATES OF STOCK, BILLS OF EXCHANGE
POSTAGE AND REVENUE 8TAJIP3,
PROPRIETARY AND TRADE-MARK STAMPS,
Style of
in the Hl;!he!t
ttfoc^narJs
prereat
t>
the Art,
with
special
No. 16 Broad
BANKERS AND STOCK BROKERS.
SECURITY PLATE PRINTING.
SAFETY TINTS.
SAFETY PAPERS.
stocks bought and sold on the
EXCHANGE on
AND
RAILTI^AY, GOmiVIERriVL
GENERAI. PRINTING.
RAILWAY TICKETS
in
THREE
ONE, TWO,
P.ttern,
Size,
Style
WITH STEEL PLATE
J.
mACDONOirGH,
SlIEPARD,
AaA P. POTTiK,
Prest.
Sui'i.
Secretary.
Psilups, Caahler.
Maverick National Bank,
3 per ctnt, If desired.
8. B.
Stocks, Bonds, Gold and Government Securities
or on margin.
Southern and Western State, Municipal and Railroad Securltlefr made a specialty.
Mining Stocks bonght and sold at New York and
San Francisco Exchanges.
Correspondence solicited.
Special attention
gtren to
BAILROAD & MISCELLANEOUS SECURITIES
Ca^ Co.
BANKERS,
COB.
LOANS NKGOTIATED.
A. H. Brown
&
Co.,
Transact a General Banking Business, Including the
BONDS
and
QOLO
for cash or on a margin.
InTeatinent Secnrltlea For Sale.
A. M.
p. O. BOX 2,«47.
C. W.MCLXLI.AK. Jb.
KlDOn.
Oilman, Son
Bankers and brokers,
n WaU St., Cor. New, New York.
&
Co.,
Government Bonds and Investment Securities.
Kountze Brothers,
BANEEBS,
BANKER,
lit
W^ALIi
STREET, NEW^ YORK,
Issue Letters of Credit, available In
world;
OttliBANS
IiA«
Co.,
COBRSSPOXDKNT8 OP
International
Bank
HamborK an4
of
London, (Limited.)
HOUSE IN EUROPE,
JOHN BERENBERG, GOSSLER &. CO
HAMBCRQ.
J. H.
BAAB.
J.
HX2feSTLBB.
O. r. KTTB]lNBXT7XiyT
Haar & Co.,
BANKERS AND BROKERS,
45 WALL STREET.
Sptclal attention paid to
&
Brothers
BANKERS,
IVall Street, New
&
Trask
Co.,
York.
Francis,
BANKERS AND BROKERS,
TO Broadway
&
15
New
New York
S«.,
Transact a General Banking Bnslneas.
STOCKS, BONDS and GOLD Bought and Bold oa
Commission, and carried on Margins.
Deposits Received and Interest Allowed.
Uf~ Accounts of Country Banks and Bankert l«
rSBD. A. BBOWV.
Wa.LSTO!{ H. BBOWir.
Walston H Brown & Bro.
BANKERS,
Pine Street, New
York.
In addition to a General Banking Business, buy and
sell
HEW
&
GOSSLER
.
BANEEBS,
CEDAR STREET,
63
Charles G. Johnsen,
166 GRAVIER STREET
BOSTON.
70 State Str«et.
Street.
34
Special attention to bnelnesi of country banki.
Ai\D
New York, The BANK ef NEW YOKE, N.BJk.
NEW YORK,
celved on favorable terms.
INVESTMENT SECURITIES.
HERCHANT
de
do
47
OF WAIX STREET AND BBOADWAT,
Ne^y York.
purchase and sale of STOCKS,
Bought and Sold on Commission.
Tlryinlo Tax-ReceitabU Coupon! Bought.
SOUTHERN SECURITIES A SPECIALTY.
do
McKim
COLLECTIONS, and
Ijr
PAYNE A SMITHS.
UNION BANK OF LON DON.
Bankers, London, SMITH,
EXKCUTED AT THE PHILADELPHIA
AN D BOSTON STOCK EXCHANGES
i BTlted.
DKJLLKB8
;
UIU)EP,S
Boston business paper discounted. Correspondence
FIr«t-CIaas InTestment Secnrltlea.
GOVERNMENT BONDS, STATE. CITY. COUNTY,
I
Commercial and Travelers' Credits atallatHa
In any part of tbe world. Draws Exchaage, Foreign
and Inland,and makes Trans.'ers of Money by Tele*
graph and Cable. Gives special attention to Gold and
Silver Bullion and Specie, and to California Collec
tlons and Securities and arranges to pay Dividends
on such securities at due dates.
Issue
for cash or on margin.
orders for Investments.
prompt remittances made an day of payment.
R. A. Lancaster & Co.,
BANKERS AND BROKERS,
66 BROADWAY, NEW YORK,
I
DEALERS IN SPECIE AND UNITED STATES
SECUKITLB8. Buy and sell Stocks, Bonds, and Gold
$400,000
300,000
Snrplna,
CHRI8TENSEN,
"
CHARLES W. CHURCH, Ag™'*-
^ught and sold for cash
BOSTON
Capital,
C. T.
BOSTWICK.
Petty & Bostwick,
BROAD STREET, NEW^ YORK.
GoM.
3,500,000
U.S. Bonds)
Member N. Y. Stock Exchange.
13
Prea't.
Vlce-PresH.
Treaaurer.
CURRIER,
JNO. E.
P»TTY.
J. N.
Agency, 62 Wall Street.
Capital, paid np.... $10,000,000
Siirplua, (invested In
l»l Pearl
or
TINTS.
H. VAN ANTIVERP,
margin of
class references.
or Device,
J.
a
NEW YORK STOCK
Equal attention given to small and larKe investments.
Any Information given personally or by mall. First-
MORE COLORS and numbered ComecuHoelt/.
XVXBERED LOCAL AND COUPON TICKETS
A. D.
Co.,
(near Wall),
St.
OP SAN FRANCISCO.
New York
&
Peck, Gilbert
The Nevada Bank
Tork.
Act as agents for corporations In paying coupons
and dividends, also as transfer agents.
Bonds, stocks and securUles bought and Bold on
commission.
Sound railroad and municipal bonds negotiated.
Funds carefully Invested in Western farm mort*
gages, and tbe interest collected.
Counterfeltlug and
Alterations.
Any
BANKSaS,
WUllam Street, New
Co.,
Accounts and Agency of Banks. Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
STREET,
lI'AI.Ii
685.
Financial.
&
Paton
Jesup,
(INCORPORATED
NO.
10, 1878.
also.
Time and Sight
SAKE Of LON0QN.
(;»I>1«
Bills
all
parti of tbe
on the
TnuTen mad«.
UNION
SFECLAL ATTENTION GIVEN TO THE NEQOTIA
TioN or
RAILROAD SECURITIES.
Hatch
BANKERS,
&
No. 13
Foote,
YTALL STREET,
Birr Airs bbu,
QOTSBNVENT BONDS, GOLD, STOCKS AKS
lOSCSLLANXOUB aSCUUTUS.
:
V
THE CHRONICLE.
u
&
Morgan
Orexel,
Co.,
Canadian Banks.
Bank of Montreal.
Imperial Bank of Canada
WALL STREET,
Capital,
M
&
Brexei, Harjes
C»,>-
SocTD TbibD
ai
Bt.,
&
Cki
Boulpvard Haussmsnn
GEORGE STEPHEN,
Paris.
Pblladelpkla.
Draft. Becurltles. Gold.
Ac, bought and sold on Corninlsf ion. Interest allowec
on Deposits. Foreign Kxchanee. Commercial Credits
Circular Letters for Travolers,
Cable Transfers.
available lo all parts of tbe world.
NEW YORK
Depomts received subject to
ATT0ENKT8 AND AGKNTB OF
J. 8. KIORGAN & CO.,
neura.
OLD BROAD
ST..
LONDON.
&
Brown
Brothers
69 WALL ST.,
No.
N.
Nos. 59
Aspnts
Walter Watson, J ^»™"-
Bny and
eell Sterling
Co.,
If.,
of tbe world.
THET ALSO ISSUE COMMERCIAL CREDITS
MAKE CABLE TRANSFERS OF MONEY BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
&
G. C. Ward,'
AGENTS FOB
BARING BROTHERS & COMPANY,
Sa WALL STREET. NEW YORK.
28 STATK STREET, BOSTON.
"j7^ J.
Stuart
&
Co.,
BANKERS, LONDON
MANCHESTER & COUNTY BANK,
"LIMITED";
JOHN STUART & CO., Bankers,
MANCHESTER, PAYABLE IN LONDON
ULSTER BANKING COMPANY,
;
No. 9 Blrcbln Lane.
NATIONAL BANK OF SCOTLAND.
BANKERS,
EXCHANGE PLACE,
59
CORNER BROAD STREET, NEW YORK.
Issue Letters of Credit for TraTelers,
Payable In any jart of Europe, Asia, Africa, Australia
•nd America.
Draw Bills of Exckango and make telegraphic transfers of money on Europe and California.
&
John Munroe
Co.,
No. 8 Wall Street, New Yorh,
No. .4 Post Office Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
nUNROE
ic
PARIS.
CO.,
STERLtNO CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS & CO., LONDON.
ClBOTn:,AB
NOTM AND
CBXDITS FOB TEATSLKBB.
Knoblauch
&
%9 trUUam
Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MaoTAVISH.J .„._,.
Agents.
W.M. LaWSON,
i
NEW
Exchange Place,
No.
of Commerce,
50 WALL STREET.
Capital,
$6,000,000 Gold.
$1,900,000 Gold.
Surplus,
Buys and
Sells SterllRg
Transfers of Money,
issues
all
8PECLAL PARTNER,
DEUTSCHE WANK. Berlin.
&
ISO Pearl Street,
New
Co.,
Tork,
AeXNTB POB THB
IiONDON
AND HAN8EATI0 BANK,
OdliinD).-LOirDOB>
The Bank of Toronto,
CANADA.
Capital,
Reserve,
$2,000,000.
HEAD
$1,000,000.
OFFICE, TORONTO.
Duncan Cotjlson, Cashier HtJGH Leach, Asst. Cash
Branches at Montreal, Peterboro, Cobourg, Port Hope
CoUlagwood.
BANKE KS:
Barrle,St. Catharines,
London, England.— The City Bank.
Bank of Commerce,
Nnw
NEW YriRK
lOEE. S National
j (;_ p.^ gmitiiers and W. Watson.
Collectlonsmade on the best terms.
Foreign Bankers.
Banque
Centrale
Anversoise,
Antwerp.
Paid-Up Capital,
-
9,000,000 Francs.
BOARD OF DIRECTORS:
Felix Orisar, President.
Alfred MAQriNAY (Graff & Maqulnay), Vlce-Pres.
J. B. Von rEK Becke (B. Von der Becke)
Otto Gunthkr (Cornellle-David).
Kmile de Gottal.
Ai>. Frank (Frank, Model & Cle.)
Atjo. Nottebohm (Nottebohm Freres).
Fa. DHANI9 (MIchlels-Loos).
.loH. Dan. Fuhrm\nn, Jr. (Job. Dan. Fuhrmann).
Louis Weber (Ed. Weber & Cle.)
Jules Rautensteauch (C. Schmld & Cle.)
G. HARPER, ( . „„,.
H. G0ADBY.{-*^B«°"-
Merchants' Bank
or
C A
Capital,
-
-
IV
A D A.
BANKERS
AND
COMMISSION MERCHANTS,
OFFICE, MONTREAL.
GEOUGE HAGUE, General Manager.
WM. J. INGiCAM, Asst. General Manager.
BANKERS.
ENG -The Clydesdale Banking Co.
y^?.P5,^'
NEW YOKK-The Bamc ot New YorK.N.li.
A.
AMSTERDAM, HOLLAND
change, Cable Transfers and Gold. Issues Credits
parts
of the world, mikes collections
m Canada »nd elsewhere,
aid Issues Drafts payable
all
at any of the ofllces of the bank In
urafts Issued payable In Scotland
Canada Demand
and Ireland and
every description of foreign banking business undertaken.
New York Agency, No.
52 Wlillam St.,
Witt Metsrs. JESUP, PATON Sc CO.
Exchange Bank
Henry
HEAD
GAULT,
Up
-
-
-
C. R.
$1,000,000.
Co.,
4S Fall Mall, London, England.
CIRCULAR NOTES />«< 0/ cAmt^e, available
Issue
In all parts of the
Grant
world.
COMMERCIAL CREDITS
for use Egalnsl
Consignments of Merchandise.
Execute Orders on the London Stock £;schaQge*
Make
Collections on
all
Points.
Receive Deposit
KING, BAILLIE & CO., Liverpool.
NEW YORK CORRESPONDENTS,
Messrs. 1VAKD, CAMPBELL & CO.
MURRAY, Cashier.
Boston Bankers.
BRANCHES:
Hakilton, Ont.; Atlmke, Ont.; Pabk Hzll, Okt.;
Bbdfoed, p. q.
Chas. A. Sweet
&
Co.,
BANKERS!
(CITY) .-Owen Murphy.
NOYA SCOTIA.— Merchants' Bank of
FOREIGN AOBNTS:
&
General London and Foreign Banking Buslnesi.
OFFICE, MONTREAL,
Pres't.
King
S.
BANKERS,
and Current Accounts on favorable terms, and do
OP CANADA.
Capital Paid
BLAKE BROS. & CO
N. Y. Correspondents.—Messrs.
National Bank of the Kepubllc.
The New YorK Agency buys and sells Sterling Ex-
available In
A
BUSINESS.
Adolph Boissevain & Co.
$5,401,790, Paid Up.
President, the Hon. JOHN HAMILTON.
Vice President, JOHN MoLENNAN, Esq.
HEAD
TRANSACTS
GENERAL BANKING
AOBNTS:
principal cities of Europe.
G. Amsinck
Exchange, and makes Cable
J.
QUEBEC
Credit
Agents In New York:
Bank of Montreai.,
59 Wall street.
street.
Commercial Credits available everywhere.
YORK.
Make Telegraphic Money Transfers.
Draw Bills of Kichange and Isaue Letters oi
Caahtei
Promptest attention paid to collections payable In
any part of Canada.
Apnroved Canadian business paper, payable In gold
or currency, discounted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.
The Canadian
M. H.
St., cor.
Lombard
Demand
Lichtenstein,
BANKERS,
WILKIE,
rates; also Cable Transfers.
ALSO,
&W. Seligman&Co.,
D. a.
Dealers In American Currency and Sterling Exchange-
W^ALL STREET.
No. 52
Commercial Credits Issued for use In Europe, China,
Japan, the Eaatand West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
CABLE TRANSFERS AND LETTERS OF CREDIT
J.
THE
Bank of British
North America,
1.
BELFAST, IRELAND
AND ON THK
;
OFFICE, TORONTO.
;
SMITH, PAYNE & SMITH'S,
,
Office,
Bank
EXCHANGE ON
BILLS OF
Exchange, Francs and Cable
AGEIVCK OF
NASSAU STREET.
33
)
on and make collections in Chicago and throughout
the Dominion of Canada.
London
HEAD
93
WALL STREET.
61
$1,000,000.
HOWLAND, President
S.
Agents In London
BosANQUKT, Salt & Co.,
OFFICE,
C. F. Smithees,
aoUara for use In the Cnlted States and adjacent
countries, and In pounOa sterUtig tor use In any part
G.
&
General Manager
Transfers; grant Commercial and Travelers' Credits, available in any part of the world ; issue drafts
Issue, against cash depoBlicd, or satisfactory guarantee of repayment. Circular Credits for Travelers, In
S.
ANGUS,
H
BEiNOHKs:- ST. CATHERINES, PORT COLBORNE,
ST. THOMAS, INGERSOLL, WELLAND.
President.
R. B.
DOMESTIC AND FOREIGN BANKERS.
No. 22
$12,000,000, Gold.
5,500,000, Gold.
CAPITAL,
SURPLUS,
CORNER OF BPOAD, NEW tORK.
Diexel
[Vol. XXVII.
Canadian Banks.
f^fplgn Exchange.
No.
.
t^..,r.
Halifax.
LONDON.—The Alliance Bank (Limited).
NEW YORK.-The National Bank of Commerce.
Messrs. Kilmers, McGowan & Co
CHICAGO.— Union National Bank.
BUFFALO.-Bank of Buffalo.
Sterling and American Exchange bought
and Bold.
Interest allowed on Deposits.
Collections made promptly and remitted tor
at loweat rates
40
STATE STREET, BOSTON.
DEALERS LN GOVERNMENT
State, City,
County and
Parker
BANKERS,
Bar
<tud
SECU.IITIES, Gold
liallroad Bonds.
&
Stackpole,
DKVONSHIUK STREET
BOSTON,
Sell 'Western CHr and
18
Couuty Bonds.
THE CHRONICLE.
10, 18781,
AUODST
Banker* and
Cnlirornln Banks.
Boston Banker*.
Gxo«n« H. Holt,
Mombor N. Y. Stock Kxclmniio.
eio. Wa. luu/>D.
11)
Tlio
Iliiiik
<Jo:.i),
tB>000,000.
Geo.Wiii.lJallou&Co
WM. ALVOKU, Prealdcat. TIIOM A3 UHOWN, CaabV.
1). MURRAY, Jr., Ami. Caalilcr
M
Laidlaw & Co.,
8
WALL 8THKET,
DKVONSUIRK
ST.,
Boston,
New Vork,
DANKKKS AND DEALERS
AGENTS FOR
&
Co.,
BANKERS,
No.
rOMSUESS STKKKT,
3ft
Uomoiii
De&lon
In Slocta,
Coniinorcl«l
BocJs, Oold and
New
Broken
»t
Board
AnotloiK, and I'llTate Bale.
Particular attention slvcn to the purchaxc and aalc or ITIInlnx Stocks In San
PraiK'lHco, for which wc have the beat
other California Sccurltice.
Issue Bills of EjtchiDSc. Letters of Credit ani lelegraplilc Transfers on London, Yokobama. Shanghai,
Hong Kong, Honolulu, Virginia City and San Franall
B KBT
SuTDvx
Satr
O. St. Jonir
OiAirr.
and
,
ti-D.
BONDS
At Auction.
The
undertl^od hold RSQULAR
SALEif of all classes of
.
AUCTIOK
STOCKS A\D BONDS,
Anglo-Californian Bank ADRIAN U. nULLER
Inveatmeat SecnrlUea conatantlTon hanR.
&
Pbllu.
(LIMITED),
&
Co.,
BANKKK8 AND BKOKKKS,
BAI.TIK.OKE.
ISVKST.MKNT and VIRGINIA BBCDUITIKS
aolicUed
CoiTt.s.-iuDdenoe
ftlihifd.
and
Information
Brniher*"
CoKRasroNDKKT*"— McKliTi
.
*^rt.
OT<ier« In Storks
be PhiiadelDlilaand
LILIKNTHAL.
J.
Co.,
BANKERS,
Hew
MOBILE, ALABAITIA.
^
Bank,
JOHXSTOWN,
A. K. Wii.KBii,Cft8hlei.
National Bank,
First
WILiniNliTiON, y.c.
Colleclicns
iiuirte
on
all
parts of tic United State-
THE CITY BANK OF HOUSTON,
Wc give special attention
to collections
on
all
WEKMS,
C. F. PaiiZKI.,
President.
Cashier.
STATE BANK,
5
J
Incorporated
1475.
J
(
Walkm
C. T.
Cashier.
German Bank,
No.
[Established 1851.]
1
6 IVall Street.
Transact a general banking and brokerage business
In Railway shares and bonds. Government securities
and Gold.
Interest allowed on deposits.
Investments carefully attended to.
Hilmers,McGowan & Co
LITTLE ROCK, AKK.'
CAPITAL
$TS,000.
25,000.
(Paid-in)
BORPLUB
Prompt attention given
SEft-SlDE
FOREIGN EXCHANGE AND GOLD,
63 Wall Street,
(P. O. BOX
Lawson & Co. and
LOIS below LONG
New
York.
croclor. Prof. Huxler,
Jas. A. Froudc, Edw.
Friincea
t. Freeman
MM,
EITHER OF
merclal
Jl
,11
r«
eray, Mi«. Oliphaiit, MrB. Alexander,
George :»lacDona)d, niatthew Arnold,
W. \v. Story, Turguenlef, aucrbjch,
Ituskin, Cariyle, Tennyson, Browning, and many olhers are represented In the
Littell's Living Age.
THB Living Aob entorcl open Us l"6th
During the year It will furnish to l>» reanabove
ers the productions of the foremost authors
embracing the choicest
named, and many others
Serial anu Snort stories by
Jan.
',
187?,
volume.
LEADING FOREIGN NOVELISTS,
and an amount
Unapproached by any other Periodical
tn the world of the most valuable Literary and Sclenpens of the LEAUING
tlflc matter of the day, from the
ESSAYISTS, SCIENTISTS, CRITICS. DISCOVERERS AND EDITORS, representing every department
01 Knowledge and Progress.
THB Liviso AGS
more than
la
a weetly magatine giving
double-column octavo pages of reading matter yearly.
form, consioenng lU
It presents in an Inexpensive
freshness, owing to ll»
and with a saturactory compUtaut*
attempted by no other publication, the best Essays.
Criticisms, T«!ef, Sketches of Travel and
amount of matter, with
ireekly Issue,
Reviews.
Historical
Discovery. Poetry. Scientific. Biographical,
body of
and Political Information, from the entire
the peni
from
and
Lltertture,
Foreign Periodical
of the
ABLEST LIVING WRITERS.
••
Com
bent writert
Init we find the bent producUont of the
A<in<»."-PhlUdelphj»
all subject), ready to our
upon
••
2,S47.)
Special attention paid to the negatiatlon of
Inquirer."
" The choicest Uttrature of the
day."-Now YorK
" Tribune."
" A Bure
and
perpetual reservoir
and fountain or
bills.
'""
N. T.
Beers, Jr.,
Brooklyn
THESE BUILDINGS
Stocks,
L. Cnyler.
rai best periodical tn Amenca."-Tbeo.
A monthli/ thai com- eeery
the cheapest.
"•Mnd
"'.^ZlVd':i.e^ZthfcheaTef?ind mosi «-w»*s»»
mean"ff^^eep^ngab,eM- Kith thepjooret ofthoMkt
GAS STOCKS,
FOR
iii
T.
w^^ ^n^^ 4DB
WALL STREET.
Alden
Gaylorjd;,.
New York,
COUNTY BONDS
LOUIS CITY 4:CLASBKS
OF
33 IVall
St.,
DKALKB IN
SEND FOR CIRCULAR TO
8T.
AND .M.I.
„„„„._,„.
Q. Duryee, 176 Broadway, N. Y.
SECtTTtlTlKS
mVESTMKNT 4 MISCELLANEOUS
W. B. Nichols * Co, Bankera
Or 140
W. B. Carpenter, R. A.
BROKERS IN
to all business In our line.
K. Y. CoKRESPONTiKXTS, Donncll.
Uie M'^rnnolltun NatlonaKBank.
W
THREE AND A QUARTEH THOnSAND
Gwynne & Day,
.
:
B. K.
Co.,
BANKERS AND COMMISSION MERCHANTS,
2 Exchange Court, New Vork.
acces-
„
„ „ ,
DiaicTOBs.— Benjamin A. Botts. Prea't C. S. Longeopo. W.J. HutJhIns.F. A. Rice, C.C. Baldwin, W.B.
BEN J. A. BOTTS, Prea't.
Botts, Rob't Brewster.
&
eminent
:
Itallroads undertaken.
R. T. Wilson
Texas.'
llblc points.
PE.\A'.,
PITISDUKOH, PENy.
AH business relating to the Construction and Equipment of
moHt
pages of
Edgar Thompson Steel Co. (Limited),
Capital, $500,000,
Houston,
ST.,
AND THB
k,
U 'eriiool, Liverpool
Co.,
Iron Company,
Cambri.1
— Oemiaii American
New
Fork: LouUlana ^ation5l Bank. New Orleans; Bank
b. B. BKHBUse, Prex't.
WILLIAM
York.
YORK.
I'owerCobbe.TheDuke
Muloch, William
Black, Jean Insdow, i»il»« Thack-
Bny and sell Railroad Investincnt Securities. Colect Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agents for the sale of STEEL KAILS made by the
Special attention paid to colU-olloris, with prompt
;ea at current rates of excliange on day of
-„
The
Argyll,
BANKERS AND MERCHANTS,
remUtau
.
&
Kennedy
.8.
at
NEW
SON,
llvlns authors, auch a*
E. GladRt. Hon.
stone, Prof Max Mnller. Prof. Tyndall, Dr.
^
4 1 CEDAR, COR.
&
Myineat.
Corre«nondent».
Cashier.
ST.),
JNO. W. MILLBF,
Thos. P. Miller
Co.
$6,000,000.
1,S5 0,000.
-
A.
Publications.
St.
&
Transact a general Banking ouBlness. Issue Com
merclal Credits and Bills of Exchange, available In all
parts of the world. Collections and orders for Bondp.
Stocks, etc.. exerntcd upon the most favorable term..
Bankers.
R *. WIlI.IAMd.
CUAS. D. UILLKR.
MILL8R,
P.
Selicman
Bankers and Brokers.
aad Bands promptly execated
New jork Boards.
Soiitlicrii
& W.
Authorized Capital, •
Paid-up and Reserve,
P. S.
STOCK BROKER,
903 WALNUT PLACE (316 WALNUT
Agents, J.
FKED'K F. LOW,
i M.naopra
lONATZ STEINUART,!'""'"*''"*
Austin,
Bell
J.
A
a
for
NEW YORK
PINE STREET.
No. 7
LONDON, Head Office, 3 Angel Court.
SAN FBANCISCO Office, 422 California
Baltimore Bankers.
Wilson, Colston
If
#'!'
Ji'
WEDNESDAYS AND 8ATDRDAT8.
OrJem ciecnlcd on Commlailou
TBOS.
/^
STOCKS
paper.
N. \
W A- L
qKiriCll'^''9'Aj'>U>'0
York.
Receive deposits and (ransict a general banking
business ; exocut« orders at the N. Y. i'tock Exchange
for Stocks, UoYcrnment, Stale, Municipal and Railroad Bonds and Gold.
ntcllltlcH; also
!*Ias».
St.,
nitOKKRS,
A>'Ji
HUBINESB.
STOCKS BOUOHT ASKSOLD OS ."'MMI8SIOS.
INTERF,ST ALLOWED ON DEPOSITS.
I'.
No. 13 Pino
Municipal Bonds.
Brewster, Basset
BANK OP CALIFORNIA,
TIIK
IIANKKRi
No. 33
TRANSACT
BANKKKS,
IN
Grant &• Company,
of Cnlirorniii, San Francisco.
Catitai., Paid tn- in
Brakc'rs.
£ State Street, Trenton,
If. J'.
^fers by permission
to
wl«LT at $8 00 a Tear. {>;« of pot^ift:
LiTiNoAo«and«IA«ron«of tne
(or Barpert Wtttv or -Soaorl
monthlies
Ameri<in»l
for t» «,
sent fora yeap,»o«A posljwlds or,
the
St. JHcJuHat or AppUKm't
A««
iftvi«e
Tai
Journal.
Address
•"'FrBuSniiM'
or for«l0 50 TBB
imM
id
LITTELL
dc
CAT, Baston.
:
THE CHRONKJLE.
IT
UNION TRUST
NEW
OF
CO.
CAPITAL,
-^
St.
.
81,000,000.
SPECIAX, FACIUTIKS
FOR ACTING AS
•
-
First Mortgage
Valley Railway
OF OHIO,
Seven Per Cent Bonds
SEVEX PEK CEIST
OP TUB
FIRST MORTGAGE SINKING FCJID BONDS. ROCHESTER
*. STATE EIXE
PRICE 90 AND INTEREST.
RAILWAY COMPANY.
Issne of $15,500 per mile on 100 miles of road,
Scioto
YORK,
No. T8 Broadway, Cor. Rector
HA8
Financial.
Financial.
Financial.
Transfer Agent and
Registrar of Stocks.
completed without floating debt, and running
through one of the mo-st fertile valleys of the State.
The net earnings of the present time are nearly
Aothorlied by law to act as Executor, AdmlolstraOoardUn, Receiver, or Trustee, aad Is a
twice the fixed interest charges, and are steadily
FOR
IflOTiBY.
allowed on Deposits, which may be made
Interest
EDWARD
McLkas,
J. M.
36 Nasaau
KISG,
Samukl Willkts,
"Wm. M'iriTEWRIGHT,
Geo. Cabot Ward,
Theodore Roosevelt.
M. McLkait,
ArousTrs Sousll,
£. B. WXSLET,
O. O. WUJ.IAV8,
and
Mississippi Central,
I.EVV
The Brooklyn Trust Co.
This
A
Clinton
sts.,
TTANTED.
authorized by special cbarter to set
trustee, guardian, executor or adminis-
trator.
It can act as agent In the sale or management of real
estate, collect iutet est or dividends, receive registry
an^ tr«Dsferboo5?, or make purchase and sale of Gov*
ems. tnt and otner flecurliies.
Religious and charitable Institutions, and persons
onacctistomed to tne transaction of business, will find
this Company a safe and convenient depository for
money.
RIPI.KT ROPKS, President.
CHAS. R MABYIN,
£d«ab M. CrLLEN. Counsel.
TRDSTKES
Vlce-Prei
Wm.
FOR SALE.
WM.
interest.
:
Edmund W.
Defaulted Bonds.
CHAItlPAIGN,
ISfil.]
KEI.EHER
CO.,
BANKERS AND BROKERS,
ST. LOVIS.
II.I..,
BROWN &
BRO.,
Delaware and Hudson
Canal Company
furnished.
P. F.
H.
34 Pine Street.
Municipal Defaulted Bonds.
Holders ana dealers would consult their Interests by
conferring with us. Reliable information cheerfully
SecreUrv
A. C. Burnham,
(Eetabllehed
WALSTON
Special attention given to Compromising. Funding,
Buymg or Selling MIs.iourl County, Township and
Corlles.
BUNKKR.
B.
Company at par, in order to
secure a shorter line for a coal snpjjy, and upward
of one hundred thousand tons of coal per annum
will pass over this road to the city of Rochester
alone. The local business is very large, as the road
passes through thirty towns between Rochester
and Salaman a, in which there arc eleven flouring
mills liesides various other manufactories.
The
net earnings of the road are more thiin double the
interest on the bonds. The bonds are a first mortgage lien, at the rate of $20,000 per mile, noon the
roid and its equipment.
We have sold over
$450,C0O of these bonds, and have only a limited
amount left for sale, at 90 per cent and accrued
Capital Stock of the
Jersey City and New Brunswick 1 per ct. bonds, 1897.
St. CTI^EV, 31 Pine St., N. V.
t.
J.S.Rockwell,
Henry Sanger, Alex. McCne,
John P. Uolfe,
Chas. R. Marvin, A. A. Low.
Thomas Suinvan, AhBi. B. Baylls, HenryK. Sheldon
U.K. Pierrepont, Dan'lChauncey, John T. Martin,
Alex. tl. White, Josiah O. Low. Kipley Hopes.
Austin Corbin,
New York Central, and is already earning ti
Enrplus over the interest on its bonded debt. The
City of Rochester Invested a large amount In the
the
WALL STREET.
Northern Pacific RR. Preferred ^tock and Bonds.
Oregon Steam Navigation Co. Stock.
Claims on .Jay Cooke & Co.
Tp.xas Pacific RR. Land Grant Coupon Bonds.
Jefferson. Maulson & Ind. KR. 1st and 2d Mort. Bonds
Sandusky Munefleld & Newark RR. Bonds.
City, County and Town Bonds of Ohio, Iowa & "Wis.
Loui^vllle& Nashvi le RK. Stock.
Fort Wayne .Jack. & eaglnaw KR. Bonds.
Interest-paying Bonds of Southern Railroads.
B
Cairo & Fulton RH, lionds, all Issues.
Kansas Pacldc Railroad Bonds, alt Issues.
Brooklyn, N. T.
Cempacy la
M receiver,
(
BORG,
ii.
36
Cer. of Montague
Itloblle
Ohio Railroad Bonds ;
City of New Orleans Bonds.
ti
H. OGILVIE, Secretary.
J.
ail the Wew England busitiess coming
from the SouthweEtern States. A pipe line for
transporting petroleum oil has been constructed
from the Bradford Oil Regions to Salamanca, and
upward of 65 cars f oil per day pass over the
road. The company is under the same control as
Sontli Carolina ic Lonlslana
State Bonds;
Neiv Orleans Jackson Sl Gt. Northern,
EXECUTIVE COMMITTEE.
J.
StaU Line Railway runs from the
route for
Alabama,
Wji. WiuTKWBiQHT, 2d Vice President.
<ft
Wyoming, a- d forms the connecting link between
the New Tork Central and the Atlantic & Great
Western, making it the shortest and most direct
CO.
street.
»VA]VTED
President.
Vice-President.
1«<
&
WIJVSEOW, L,AKIER
nsd withdrawn at any time.
N. B.—Checks on this Institution pass through the
Clearlng-House.
T?i^ Rochester
City of Rochester to Salamauci, in the State of NewYork, a diitance of about 103 miles. It passes
thronah the rich valleys of the Genesee and
increasing.
For particulars apply to
tor,
LBOAI. DEPOSITORY
XXVit
[Vol.
Sl
MORTGAOE, 40-YEAR, 7
OFFERS FOR SALE
References.—Messrs. Clark, Dodge A Co., Bpeyer ft FIRST
REAI. ESTATE FIRST nORTGAGE Co., New York E. W. Clark & Co.. Philadelphia.
PER CENT RONDS.
COUPON BONDS,
nro THE HOIiDERS OF EXTENSION PRINCIPAL DUE 1917 INTEREST,
In amounts
MARCH
;
TEN
of 11,900 and upwards, yielding EIGHT to
per cent semi-annual Interest, and negotiated
BONDS of the INDIANAPOLIS BLOOMINGTON
A WESTERN RAILWAY CO.-The agreement for re-
through the houses of
TRBVBTTA XATTIS,
SURNIlAif.
Champaign, lU.
BVRyHAM * TULLEYS, Council Bluffs, Iowa.
BURXUAM et BKYER, Orinnell. loica.
organization dated July
BVRSUAM, URMSBY dt
given that
AND TRIED.
stands
IOWA, NEBRASKA AND DAKOTA.
10 lO la PiB CeST
^,.
.
D. H. TAI.BOT,
Sloax CItr, Iowa.
Beference.— First National Bank, Sioux City, Iowa.
Geo. H. Prentiss,
88.
30
Treasurer,
r\FFICE OF THE ONTARIO SILVER
V^'miniNG CO-MPANY',
August 8,
31
Broad
street.
New York,
•.
a tecurlty of undoubted character.
DREXEI.,
the office of the transfer agents,
Wei
s,
A
Fargo
Co.,'
15tb Instant.
EXTRA DIVIDEND (No. 32),
of same amount has been declared, payable at the
same time and place.
Transfer books close on the 10th Inst.
H- B. PARSONS, Assistant Secretary.
OAS STOCKS
MORGAN
it,
CO.,
Corner Wall and Broad Sts,
WINStOWr, I.ANIER &
CO.,
Corner Nassau and Cedar Sts.
.
CHICAGO & ALTON RAILROAD
six Per Ct. Cold sinking Fund RondSf
UNITED STATES TRUST CO., Trustbb.
I-ree of all Taxes, imposed or to be Imposed.
1903.
Interest payable May 1 and Nov. 1.
These bonds arc a direct ubIlgiiMon of the Chicago
Alton RK., and have a first lien over the Chicago
Kansas City A St. Louis RR.-IW mllcs-ln MlssourtT
ihey are recommended as a safe and desirable lu-
Bonds due
ft
vettment.
For sale
at par
and
Interest.
JESUP, PATON
52
A:
CO.,
WILLLAM STREET. NEW YORK.
31.
Also, an
BROAD STRSKT.
FOR SALE AT 101 AND INTEREST.
We recommend these bonds to Investors desiring
No.
1878.
The Regular Monthly Dividend of FIFTY CENTS
per share has been declared for July, payable at
on the
Room
RANDOLPH,
L. V. F.
DIVIDEND N
General Land, Scrip and Warrant Broker,
R.
declared by this company, payable on the 2d day of
September next to the holders of the capital stock of
the company, as registered at the close of the I4th day
of August, after which and until the 5th day of September, the transfer books will be closed.
GUABAirTKED.
^OR SALE.
A Choice lot of Lands In different parts at the
weat. Also, Western Securities. A Choice "•-..
Invest'
mest. Address, for full particulars,
.
VANIA.
STONE,
II.I,INOIS CENTRAL RAILROAD COMPANY, New York, Aug. I,
1878.— A Dividend of THREE (3) PER CEN T has been
CONTINGKNCY, address, for circular—" Actuary of
KANSAS, MISSOURI A CENTRAL ILLINOIS LOAM
AQKMCT," Jaokbowtille. III.
IN
desire their
$1,000 EACH; REGISTERED
BONDS OF $5,000 BACH.
ARE SECURED BY A FIRST AND ONLY
MORTGAGE ON ALL THE PROPERTY OP THE
COMPANY IN THE STATE OF PENNSYL-
OFFICE OF THE
wish Invi'Btments
Wanted Money
who
OP
Chairman of Committee Extension Bondholders.
New York, Augusts, 1878, 46 Exchange place.
SAVINGS BANKS EVEN, prove
TO LOAN ON APPROYED BECUKITY
other bondholders
SUMNBK
The old CENTRAL ILLINOIS LOAN
unmoved amidst the storm. If you
ABSOLUlELY SAFE IN ANY'
brittle reeds.
AGENCY
all
bonds represented by the Committee In the proposed
purchase of the road must iign the agreement of July
10, 1877, and send It wl£b their bond, and {5 assessment on each bond, to the Union Trust Company, 73
Bread way, N Y., before the 6th di,y of Sept. next.
A Solid Ten Per Cent.
OliD
having been signed
by more than the requisite majority of bondholders,
the same Is dec'ared binding, and notice Is hereby
CO., Emmetsburg, Iowa.
AH these loans are carefully made, after personal
Inspection of the security, by members of the above
Arms, who, living on the ground, know the actual
Tame of lands and the character and responsibility of borrowerB, and whose experience in the business for the past SIXTEEN YEARS has enabled them
to five entire satisfaction to investors-
Bonds, Stocks,
10, 1817,
;
AND SEPTEMBER; COUPON BONDS
H. L. Grant,
No. 145
BROADYVAY,
NEW YORK.
CITY RAILROAD STOCKS &
BOUGHT AND SOLD.
BONDS
See quotations of City Railroads In this paper
A 8PECLALTY.
ipHE MARIPOSA LAND dc MINING
Albert E. HachfieldT
Brooklyn Secorltlea Bonsbt and Sold COMPANY OF CAUFOBSIA, Executive
ITALI. STREET, NEIT YORK,
18
Offlce, Noa.
E.
S.
T
Bailey,
9
PINE STREET.
of
Dealings In
Insurance
Stocks
A SPECIAJLTT,
Cash paid
at
once for the above Securities; or
WUl In Kid on commlaslon,
and
at seller's
opUon.
11
Nassau
street.
trustees of this
ONE DOLLAR
common
New
York, August
company have
3,
1378.— The
levied an assessment
per share on the preferred and
stock of this company, payable at this office
on or before Angnat
IJ, 1878.
After that date
it
will
be delinquent and liable to a charge of $3 on each cer-
B*
Ullcate for advertising, Ac.
MORRIS
n. oMITU, Assistant Secretary.
nxxLs n*
Flrst-Clasa Inrestment Secnrttle*,
CITY BONDS OF ALL KINDS,
lUlLSOAD BOHSS AND SOUTHBES SEOnBITDM 0»
ALL DeSCBIPTIONS.
"WANTED.
Southern Railroad Bonds, all kinds
Toledo Lognnsport &. Hurllngton Bonds.
Kansas Pacltlc Uallroaa Hontls.
Union A Lognnsport Bonds.
Indianapells & Vlncennes Bonds.
kmtk
HUNT'S MERCHANTS' MAGAZINB,
REPRESENTING
VOL.
TIIE
INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
SATURDAY, AUGUST
27.
C
ONTE NTS,
1J3
from Jannary 1 to Jnly 31
Importsand Exports fur June,
I
Non Tajablllty of Foicign Bondholders
131
Mixed Commissions and Arbitratlon
135
Ballroad Earnings in July, and
I
Commercial
and
Miscellaneous
News
139
THE BANKERS' GAZETTE.
Money Market,
U.
8.
Securities,
|
Railway Stocks, Gold Market,
Foreign EschnnRC. N. Y. City
Banks, Boston Banks, etc
141
|
I
|
Qnotatlons of Stocks and Bonds... 144
Local Socnrities
143
Investments, and State, City and
Corporation Finances
146
New York
THE COMMERCIAL TIMES.
1591 Dry Goods
150 Imports, Receipts
154 Prices Current
Commerclsl Epitome
C>tton
Brcadstn£fs
recognizing and remedying the cause of complaint,
136
1878 137
Latest Monetary and Commt'rcial
English News
138
I
|
685.
suaded both that the banking interest is unduly taxed,
and that the public are really and deeply concerned in
THB CHKONICLB.
Save r he Banks
NO.
10, 1878.
l.W
and Exports
156
157
I
I
we
desire again to point out wherein that concern exists.
Capital invested in banks
unchanged
cannot
wit: run away. There
it
is
taxed, and while the law
is
resist
but one thing
;
no law to prevent
it
it
is
can do, to
from going
oat of the banking business, whenever, from any reason,
that business does not pay.
submit, as the
first illustration,
This being conceded, we
the following schedule of
decrease in bank capital in this city during two and a
half years, the
movement having begun
in 1876
:
1S76.
Former capital. Reduced capital. Decrease^
Bank.
The Commercial and Financial Chronicle is tamed on
day morning, with
the latest
news up
to
Saturmidnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
For One Year, (inclnding postage
ForSix Months
Annual subscription In London (incloding postage)
Six mos.
do
oo
do
IN
ADVANCE:
$10
6
£2
will be
It at No. 5 Austin Friars, Old Broad
taken at the prices above named.
Transient advertisements are published at 25 cents per line for each insertion,
bat when definite orders are given for five, or more, insertions, a liberal discount is made. No promise of continuous publication in the best place can be
gven. as all advertisers must have equal opportunities. Special Notices in
:inkin£^ and Financial column 60 cen'.s per line, each insertion.
JOHN
G.
tS~ A
DAHA,
FLOYD, JB.
B.
WILLIAM
»
79
f
Jc
B.
81
DANA &
NEW
William Street,
YORK.
Post OrFicE Box 4592.
is
^^
1^~ The
Rcpubic
8,000,000
1,500,000
500,000
North River*.
Tenth
i,ooo,oco
40o,coa
ToUl
BiieineM Department of the Chronicle Is represented
Financial lutcrests in New York City by Mr. Fred. W. Jones.
6co,ooa
S'DCOOO
1,000,000
$3,700,000
$3,100,000
$',500,000
$1,900,000
$300,000
1,800,090
1,000,000
800,000
10,000,000
6,000,C00
5,00«',000
$6,800,000
1877.
Union
Phenix
Metropolitan
Continental
..
Fourth...
New York
4,000,000
3,000,000
l.OCO.OOO
l,5CO,0CO
1,860,000
250,0C0
800,000
lOO.OCO
200,000
^0O0,O:0
3,750,000
1,3:0,000
500,000
290,000
2C0,0CO
$84,600,000
$15,600,001}
$9,000,000
|3,O90,0OO
$2,000,0CO
$1,0X1,000
1,000,000
700,000
300,000
400,000
240,000
160^000
850,000
260,000
100 A'
& Merchants'*
National Exchange
Total....
1878.
00., Publishers,
furnished at 50 cents; postage on the same is 18
oente. Volumes bonnd for subscribers at $1 50.
For a complete set of the Comxkrcial and Financiai, Chroniclk—
July, IS'i.'i. to date—or of Hunt's Mebcbants' Maoazine, 1839 to lo71, Inquire
•I liie office.
neat file-cover
1,300,000
Manufacmrers'
Adrertiaements.
wnxiAM
$300,000
600,030
Commerce
Chboniclk
ofHce of the
where sut scriptions
{500,000
Gs.
Iiondon OOlee.
The London
$800,000
8,COD,000
20.
10.
1 7s.
Subscriptions will be continned nntil ordered stopped by a written order, or
The Publishers cannot be responsible for Remittances
a', the publication office.
Biless made by Drafts or Posc-Oillce Money Orders.
Street,
Butchers' * Drovers'
State of New York
Merchants'
North America*
NoithRlver*
East River
Ninth
1,600,009
750,00)
750,0ra
Geiman Ame:ican*
1,000,000
750,C09
250,0001
Fourth
3,750,000
3,SOO,0OJ
350,000
.....$11,000,000
$8,190,000
$?^«,00O
among
Total
•State hanks.
SA VE THE BANKS.
was announced that the annual meeting of the
Bankers' Association, held in Saratoga this week, would
for this time confine itself somewhat to the consideration
of topics especially affecting banking interests, to the comparative exclusion of such topics as silveir and resumption.
Such discussion, of course, largely deals with the
topic of excessive taxation, which is by no means a new
one but it begins to be more and more plain that some
corrective for it must be found. Evident as this is to
the bankers, it may, nevertheless, be very much less so to
It
;
Here is a total redaction of $14,910,000 since 1875, without counting the million reduction announced this week
by the Bank of New York, the million belonging to tha
Dry Goods and the half million of the Tenth National^
both of which went into voluntary liquidation last year^
the latter after once reducing its capital ; and, from whatinformation we have, we should not be surprised to seea further reduction of six to eight millions before ll»
Reductions in surplus of the same Bank*
year ends.
been large, and have been largely mada
reducing the amount upon which
but we make no account of
the public at large, because it is of course generally taxes are assessed
understood that everybody dislikes taxation and wants them, because they are in part due to losses and
Simto escape it; every interest is supposed to consider itself to the failure to earn the ordinary dividends paid.
have
in
also
the process of
;
and hence complaints about ilar processes, at least as respects the surplus, have
cannot look for much attention from undoubtedly been going on throughout the country^
But inasmuch as we are firmly per- although we are unable to give anything more definite
excessively or unfairly taxed,
taxation, ordinarily,
the public at large.
:
THE CHRONICLE.
134
stay in bank shares now, if allowed to, but when banking becomes again active other openings for money will
in thousands,
than the following, the figures stated
except the
first
column
compete with banking investments, and extra inducements will be necessary in order to attract capital into
and ital and
to
We are acting with the same folly
banking.
capital, surplus, surplus
4-50
5-48
604 in this matter as sailors would show who should slit
4'96
5 19
403
them overboard because a calm was
502 their sails and throw
4-98
407
5-36 prevailing and there was no wind to fill them; bank cap5-12
4 17
5-46
4 09
5 09
surplus are being undermined just before the
4-86 ital and
4 03
509
4-56 crucial test of resumption comes and just as we are
4-88
3 85
Batto 0/
,
Net
No.
of
Bankf.
Balf
Ytar
tndint
Bept.l, '69
1,4«
EarnCapUal. Surptiu. Div'dt.
*
I
$
401,650
ingt.
I
f8,K5
21.767
89,221
26,813
87,816
Sept.l, '70
1,601
425,817
91,ti39
81,080
Sept.l, '71
1,693
415,999
98.866
8i,125
Sopt.l, "T2
1,8S3
465,678
105,181
33,827
30,512
Sept.l, '73
1,956
488,100
118,113
84,8)3
3J,i22
Sept.l, '74
1,971
483,938
148,364
84,989
30,036
Sept.l, '15
8,047
433,864
134,183
21.317
23,800
|VoL. XXVIl.
Dtvl-
Dlv.to Eiirn'gs
to cap-
deruU.
capital
5 88
3-57
8,076
5M,309
134,467
84,811
83,097
4-92
'76
Sept.l, 16
?,081
500,488
132,851
8«,563
80,540
4 50
496,651
130,87S
81.803
19,698
489
454
3 68
beginning to hear the stirrings of a new prosperity
is certain to be realized, and which, we repeat,
Mch.l,r7 8,080
3-62
15,874
22,117
48i,8M
184,349
'77
It is quite time
2,07J
Septl,
will require all our banking facilities.
earnand
dividends,
surplus,
capital,
banks
place to an
abusing
gave
of
that
shows
habit
This
the senseless
have
and
ago,
years
two
maximum
of
affairs
will
be
when occatheir
condition
reached
the
all
what
inquiry
ings,
since been declining; looking at the ratio columns, we sion comes to use them.
Mch.l,
3'47
US -25
3 18
2-60
which
their
find all the ratios at their highest in 1869 and
capital
accumulated
lowest now; that of earnings to
NON-TAXABILITY OF FOREIGN BOND-
most significantly, having for two years past
HOLDERS.
been below the ratio of dividends to capital and surplus.
More than a year ago we reviewed a then recent
Now, banks have no claim to exemption from their
share in the burdens of taxation and dull business; the decision of Judge Blatchford in the United States Disof the right of the United
fact is, however, that the taxes on them are war taxes, trict Court, upon the question
upon the interest of
aliens
non-resident
left undisturbed while other interests have been re- States to tax
in
this
country and owned
located
because
corporations
of
bonds
This fact we do not propose to argue,
lieved.
in
question
were
sterling bonds,
bonds
greater
The
them.
it
is
of
and
because
by
we have repeatedly done so
prior
1866
and during
Railroad
to
pub'ic
Erie
the
by
the
how
issued
to
show
now
just
practical importance
and
from
1866
to
1869 were
prein
London,
above
payable
The
tables
matter.
the
1868,
in
concerned
are
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
declines
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 legisover, 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 claim made by the Government was founded
the beginning of 1876, the capital stock of the
upon section 122 of the internal revenue act of 1864, as
Clearing House banks was a little over 81 millions
the probability is quite strong that by the end of this amended by that of 1866, which lays a tax on all diviyear 20 millions wi'l 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
or aliens;" authoriz?s corporations to withho'd from
elementary to say that the rule of the largest such payments the amount of the 5 per cent tax; and
the maximum of deposits on enacts that a payment made with such deduction shall
present banking profits
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
three years.
It
is
i.-",
a practice the reverse of
As
this,
but one different from
it.
a matter of safety alone, the maintenance of an
previously passed upon by the courts, but the particular
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, 1872, (15 Wallace, 300) a
among other things, a large reduction in ability to very similar question was decided. That case involved
loan.
Just now, 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 always be as now.
Borrowers will be beyond jurisdiction, but held that the bonds being issued
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 miause 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 possessnot needed now, to reconstruct it when it is needed will ion of the holders, not of the obligors, and are beyond
not be ea.sy 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,
;
;
AuonsT
THE CHRONICLE.
10, 1878.]
took a coutiary view, holding that interest due is either
property of the corporation, and hence taxable as such,
or else is the bondholder's property not yet removed
beyond the
This difference
limits of jurisdiction.
in
135
dence has come to light showing that some of the
American cages which received favorable consideration
at the hands of the Commission were pure fabrications,
never having any existence in fact. One of these wag
Judge Ulatchford's deti.sion its
We now find tliat Judge Blatch-
for the value of 1,914
upon the owner of the bond and not upon the defendant. It was not a tax In
the nature of a tax in rtm upon the bond Itself, bnt npon the Income of the
owner of the bond, derived from thit par.lcolar piece of prDporty. The
foreign owner of these bonds was not in any refpcct snbject to the jurisdic-
the instalments, as they
interpretation gave to
had found
bales of cotton
which,
it
was
way, unaccounted for, into
ford's conclusion has been sustained by the United States Mexican territory; for this an indemnity of $487,870
Supremo Court, Chief Justice Waite having sent on, was allowed. Another was a claim made by a certain
mining company, to whom, for alleged losses sustained,
last Friday, the following decision:
was assigned $083,041 32. Since the final judgment
" I fully concur with the learned District Judge In the view ho has taken of
brought,
was
of
the Commission, the Mexican Govertiment has paid
suit
was
a
ui
which
the
the
recovery
of
The
tai,
for
case.
this
particular interest.
neither was this portion of his Income. Ills
debtor was, and so was the money of bis debtor, but the money of his debtor
did not become part ol his incomo until It wis paid to him, and In this case
the payment was outside of the United States in accordance with the obllKatlons 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
that of a Slate Is limited to the same subjects within its jurisdiction. The
tion of the United SUtes;
M
judgment of the District Court
affirmci."
Is
Of course it would be absurd to say that any government 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.
alleged,
their
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 all that it will receive attention.
We have referred
Congress might perhaps have taxed the corporation
to the matter chiefly because of the opportunity it
by simply enacting that it should pay a tax equal
affords of re-anserting the importance of international
to 5 per cent upon the amount of all interest it had conarbitration, and of commending the course Mexico
An enactment thus worded would have
tracted to pay.
is taking.
The principle must be admitted, as yet, to
plainly suggested an intent to reach the corporation
be, in a sense, only an experiment.
In the making of
itself, and would have presented a case very unlike
the experiment this country has taken a large and an
For it is noticeable that not only did
the actual one.
active part, and in its success we are, therefore, deeply
the revenue law omit attempting to avoid the alien
interested.
bondholder, but expressly aimed a blow at him, saying
This Mexican complaint suggests one of the evils
to corporations just this: Whenever you have to pay
which, if the experiment of arbitration is to succeed,
$100 interest to bondholders, whether citizens or aliens,
must be carefully guarded against. Arbitration can
pay the Government $5, and ded:ict that if you choose;
only prove a success if the decision is regarded as fin al,
if you do deduct it, the bondholder must take the $'5,
and above and beyond appeal. It is the duty of both
and he shall have no cause of action against you unless
the parties who agree thus to submit their difficulties,
you have agreed otherwise with him. The Court now
to put the Court in possession of all the evidence, and
holds that this was idle legislation, being virtually an
refuse to go before it until they are satisfied with the
income tax upon foreigners.
evidence which they have collected.
But when the
itself,
decision has been rendered, the case
MIXED COMMISSIONS AND A RBITRA TION.
Mu ih is expected of the international convention for
settled.
must be regarded
In the interests of fair play
it
is
as
to be taken
for granted that all has been done that could be done;
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
Let the decision be final, and
rthe representatives thus far appointed gives promise of reopening of the case.
decided interest in their deliberations, No subject, let it be so understood. Only in this way will the Court
i
however, can come before the convention, of wider of Arbitration be able to accomplish all that is expected
This Mexican complaint would therefore be
of it.
^'international disputes.
War is no longer a necessity received w^ith disfavor, if urged as a right, for it seeks
•interest than that of Arbitration for the aettlement of
I
;
Had
the Berlin Congress met
first
blow, there
For this
to reopen a case which has been settled.
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.
attention,
however,
has
Our
been called to this subject Halifax award. We do not mean to say that in view
among
civilized nations.
before Russia struck her
I
is
facts growing out of fresh light it is inadmissible to make known the facts
Government made not long ago and to allow them to speak for themselves as Mexico
It is now some years since the Mixed has done.
She promptly pays the award, but protests
.with Mexico.
"Commission, agreed upon by the Convention of 1868, against its injustice as subsequently developed. Every
of arbitration,
by
lately published
kOf the settlement our
attempt made to resist a decision, or to force a re"
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, he a gross and
deliberations
of the Commission, $4,125,022 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,
Bat
:
and adjudicated the
rival claims for indemnities pre-
Bented by citizens of the United States on the one hand
were awarded to the Mexicans.
as originally presented,
now urged by Mexico
amounted
The Mexican
to $86,500,000.
claim,
It is
that since the adjudication, evi-
however, is it that the wrong should remain than that
the party suffering it should refuse to accept the
result.
....
.....
.
.
.
THE CHRONICLE.
136
MAILROAD EARNINGS IN JULY, AND FROM
JANUARY 1 TO JULY 31.
reports of earnings for July compare exceedingly well with the same month of last year, but it is to
be remembered that the great railroad strikes occurred
The
[Vol.
April
May
XXVII
18'7.
1673.
»615,17r
$T10,088
702,937
568,217
S'\i,Vli
June
The gain over last year for the first two months
at $370,000, Jane not being made up.
636,231
in rut earnings is reported
The Kansas Pacific earnings, expenses and net earnmade up by mortgage divisions, for the sis
ings, as
The comparison is, mouths ending June 30, 1S78, are as follows:
week of the
FIBST DIVISION (rBBBDAET AND AnoUST BONDS.)
was almost entirely stopped by the Gross earnings
in the latter part of July, 1877.
therefore, not a fair one, as in the fourth
month
business
on many of the prominent roads, and on all of
them was more or less checked by the extended influence of the riots and disorder.
The two principal points in regard to railroad traffic
$600,993
324,757
Operating expenses
strikes
have been the continuous reports of injury to the
grain crop in northwestern states, and the progress of
tarmony 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
Net earnings
Gross earnings
Operating expenses
<5f live
stock rates from St. Louis, and these will prob-
ably be settled at a conference to be shortly held at
Saratoga.
is
As
to the actual
no
possibility of getting at the truth
damage done
to the
wheat crop, there
and this, from
—
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
that in nine 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
season.
The
all estimates;
reports of
the
damage
statements of one-fourth or
one-third decrease in a particular crop is simply a guess
that such will be the result.
definite compilation of
A
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
about the only information 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
is
which he places in three separate
groups, namely: old counties, new counties and grasshopper counties. The gain in acreage is 20 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:
counties,
Increased
Thirty-fonr old conntles
Beventoen new connlies
Seven grasshopper counties
Totalacres
1877
acres. 883,101
••
136,126
"
87,317
»86,BM
1878.
l,n«8,4!)7
acreage.
176,354
76,583
215,393
60,198
48,266
1,300,381
813,780
^ Rock Island:
$244,635
$90,100
OK039 EARNINGS IN JULT.
1878.
1877.
$l.t7.142
Inc.
itchison Top ka & Santa Pe
Burl. Cedar Rapids & Northern
$333,000
95,007
Central Pacific
1,517,CC0
l,.39l,867
1-25,1S3
435,-tt6
305,933
555,810
U9,3-;8
92,190
36
47,221
Chtcaao cSb Alton
Chicago Milwausee & St. P...
Clev. Mt. Ver. 4 Del.& brchs*
Denver & Rio Grande
648,000
19,797
121,5,0
Tronic of Canadat
Great Western of Canada^
(main line)
Illinois Central
5-*0,931
8-28,4:9
...
460,698
106,059
8J.597
...
do
(Iowa leased lines)
Indianapolis BI. & Western ..
International &, Gt. Northern*
68,a-29
29!,6'il
Kansas Paciflc
Missouri Kansas & Texas
Pad. & Elizabethtown*
Pad
L
&
219,926
1?,032
10,273
33,416
S90,^M9
Memphis*
&
uis Alt.
T.H. (br'chs)
li'UisIronMt. &3juth'n..
Louis Kinsa' C. & No th.
Toledo Peoria & Warsaw
St.
St.
St.
$1
21,693
19,761
74,278
617,3)3
298,359
381.373
66,352
29,920
79,3 !.5
13,346
9-3.713
81,726
61,64i
2»4,353
253,125
3,811
3,413
17,272
'33,i»9
"1,264
16,9-23
2A7,&n
91,974
371,5(2
30O,OJ7
$6,357^
$5,607,244
Dee.
l'2,S53
73.309
10,919
3i,141
277,331
193,9.4
"'646
'
V,303
13, 5129
4:),985
17.615
71,585
7), .359
8353,924
750,314
$1C3,610
• Three weeks only of July in each year.
t For the four weeks ended July 27.
} For the four weeks ended Ju y 36.
eaoss
xABNmas
rsoii
jandart
1878.
Atchison Topeka .S; Santa Fe.
Barlini»t'nC.Rap.& Northern.
$1,838 383
88^,538
9 400,363
Central Piiciflc
Chicago & Alton
Chicago Mil. &,St. Paol
Clev. Mt. Ver, & Del. .fcbrchs*
Denver & Rio Grande
2,439,151
4,905,000
200,058
559,130
4,931,1.W
Grand Trunkt
Great
Westemt
Illinois Cent,
do
2,5.30,079
(main
(la.
line)
2,91-3,-369
leased lines)
854,8-25
Indisnip. Bloom. & Western,.
Internationul & Gt, Northern*
KansasPaciflc
Missouri Kansas & Texas
70i,90l
611,906
1,':39,159
St.
St.
St.
1,475,686
110,670
256,709
2,159.488
1,747,774
Wabash
& Memnhls*
Paducah
Lonis Alt. & T. H. (br'chs)
Louis Iron Mt.& Sonth'n..
Loui Kinsas C. in North.
Toledo Peoria It Warsaw
Total
1
to rai.r
Inc.
$604,570
501,958
3-i8,53.>
9,-i)0,572
169,791
101,4^1
1,391,238
a,:M7,670
3,513,7i.a
303,641
383,413
4,974,210
2,293 3 tl
2.553,123
*
1:
5,533
2')8i63i
359,'J46
1S-J,739
33,782
721990
80,r84
1,620,4)7
1,684,058
97 229
118,753
238,37*
13,441
270,6)2
13,923
49,995
14J,9:J0
2,561,982
572.882
2,359,097
202,885
$48,550,316
$39,714,371
7aV01«
Three weeks only of July In
From January 1 to July 27.
From January 1 to July 26.
Dec
178,707
692,081)
664,12'J
Net increase
t
31.
1877.
$1,-333,813
!,-!03,461
l,'i04,844
1 12,
154
$4,2)6,984
3,833.945
$401,039
eacli T«ar.
The eaminm 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, jnd $1I1,4;7 from January 1 to July 31, 1873.
Earnings of the Dubuque
Sl>nx City Railroad durini; Jn!y, and fortlie
seven months eudinj Ju(y 31, were as fol:ove; these figures are included in
thoseof the Iowa leaied lines given above: July. $66,321 in 1373 and $57,09T
in 1877; January 1 to July 31, $552,571 in 1873 and $131,84 ( in 1377.
&
The foUowing companies have bat recently reported
SBOSS IABNINQS IK JUNE.
Atlantic Mississippi 4 Ohio...
Atlantic & Great Western ...
Cairo*
St. Louis
...
Chicago Burlington & Quincy
Chicago R I. & Pacific
Dakota Southern
Mobile & Ohio
Nashville Chatt. & St. Louis
Paducah & Ellzabethtown
Philadelphia & Rending
.
Philadelphia
St.
Louis
&
& Ene
S.
B.— St.
do
do
L. div...
Ken,
div....
Tenn.div.
Paul & Sioux City
Sioux City & St. Paul
Southern Minnesota
St.
Total
1878.
$120,094
301,236
18,160
897,090
588,217
17,386
lacTssse, Decrease.
......$
$7,915
312,8-23
11.57!
1877.
63,6-24
$4,052,668
$3^7^
90,811
91,833
31,931
1,498,658
219,024
43,101
26,975
13.284
46,7.34
29,954
QB0S3 EABNiaOS TBUX JANTABT
& Ohio...
Chicago Burlington & Quincy
Atlantic Mississippi
Cairo & St. Louis
Dakota Southern
Mobile* Ohio
NashTUle Chatt, &
St,
Louis.
1878.
their e»rnlas;s for Jane.
$138,(M9
19.934
957,734
536,3)5
17,693
88,949
117,439
21,536
1,199,518
250,705
43.103
24,443
11,697
40,443
21,430
85,731
Net increase
Among the irregular reports of earnings not iu shape
to be placed in the tables below, we have the following
for the first three months of the fiscal year of Chicago
$105,171
334,764
Deficit
to crops are necessarily
common
.
.
the very nature of the case, is more difficult as to
the probable loss of tonnage than as to the deterioration Wabash
in the quality of the grain.
There may be great injury
Total
to a crop, resulting almost entirely in a lowering of the Net increase
quality of the grain, but which does not go so far as
to lead farmers to abandon their standing fields and
$443,641
338,470
THIBD DIVISION (DENVBB BXTENBION BONDS.)
Gross earnings
Operating expenses
shall give fair compensation to all.
The only
important differences yet unadjusted are on the question Grand
which
..
..
Netearnings
•of late
further disagreements and to place business upon a basis
$336,235
SECOND DIVISION (JUNI AND DKCBUBEB BONDS.)
I
1,8-21
60,644
81,932
3j«
1,392
25,601
298
299,110
31,631
6,001
2 532
$374,571
235,023
TO IVSt
1877.
$756,113
1C),3.57
123,741
5,473.013
81,416
825,849
945.743
20,314
810,991
10,979
9)6,434
831,973
••-
$139,518
30.
Increase.
$5,692
$761,810
6,417,791
103,730
• •
1,687
6,592
8,504
17.843
Decrease.
$0,331
109,85
^^1
I
—— —
.
August
1877.
«.)lft).41).'}
1,'MI,6.'>3
1,8^ 86t
-"t
V8;,SM
do
do
SlonxClty
9U,IIS
«;8.741
141,043
70,118
207,740
113,5i3
&
E—
S.
,fc
L. (llT...
Koo. div...
Tuan. dlr..
18I.IIT6
&i,\01
As
81 lux City
8t Paul*
*
St. Paul
St. P. lo
main
Bantbora Uinaoguta
I'ac
.
17»,7»4
191..'Ol
n'>,5U
T1.8J1
SLLa-il
S73,8Si
178,301
837,853
no.MI
/il7,954,.?)a
»17,1«3,673
Total
;i,6ao,343
78?.6?0
Met Incroase
onOM
Netearninn
4
International
Qt. Northern
Groat earnings
June.
Incl. cxtraordln'y.
Net c.iminga
A
Jk
to Jane80.-.>
1
1878.
ISTT.
91,977
$761,810
5T3,5Ji
$750.1:8
577,180
$i8,l<7
$'!8,07G
$:8$,388
$178,998
$:01,016
83,864
$89,357
86,763
$7 3.531
$4t»,649
651,548
341,691
$17,151
$10,583
$^33,983
$86,956
$i97.0.)0
$957,734
887,376
$6.417,;a!
$5,473,043
3,751,631
3,29fi,l*J
Quincy6J3,6»2
Net earnings...
Cler.Ht. Ver.A Del.and
$590,353
$2«3..393
$3,606,11.0
$^,1^5,626
$29,430
32.9:3
$38,416
84,079
$180,261
der.$'),483
$2,337
$2«,23J
$17,692
12,142
$103,730
56,280
$6,244
$47,450
Openliug expenaoa
Ncteamlnga
Dakota Soathera -
$17,336
Net eaminga
Denver & Rio Grande —
Gross eaminga
Expenses
$90,350
52,964
Net earnings.
Kansas Pacific.—
Gross earningg..
Sxpenscs
$57,502
82,698
$87,336
$24,8J4
154,031
Ap'chcola,
$4.37,620
2r:,779
$165,811
Bath. Me
Heaiifort,NC
Beaufort, SC
Me.
Belfast,
Net earnings.....
$21,291
$99,401
$3:9,9J1
~~titl^2
$258,12!
$l,3o5.760
190,855
151,(i55
1,086,8.4
$1,430,933
911,739
$16,068
$103,458
$168,946
$519,194
$-21,973
547,208
$810,994
4»8,068
$i:4,765
$312,928
$U.3;9
$12,911
$103,397
14,397
7,31'J
78,952
Net earnings
Philadelphia & Erie-
$32
$5,292
$21,445
$32,353
Gross earnings
Operating expenses
$219,024
$250,705
$I,3?9,864
Net earnings
Mt.
$8'i,3I0
63,957
9»jai
Imports.
Districts.
N
1*,!
Orleans,
CVlnc't.Nlf
Ciisline, Me.
34^582
8^149
Chmpl'n.NY
les^iii
Duluth.
Net earnings
182,521
179,196
1,150
71.9.39
311,9.38
6,616
6,759
31,818
161,700
69',
179
4,1
16
40
848
2,094
31
Saco,
Me
Harbor,
45,276
544',2a7
Superior, Mich
47^396
62,791
Macbias, Me
Mai'bead, M
"i2
2^39i
Miami, Ohio
Tap'nock,
Tecbe, La
156,'335
M'town. Ct.
Milwauk,
Min'soti, M.
33.169,
$351,749
$274,164
161,944
$1,869,217
$1,932,141
1,130,639
3r,.545
$43,103
38,380
$287,628
229,119
$2-5,74)
220.254
Net earnings
& Southeast.— Ky.Div.—
Gross earnings
Operating expenses
$10,559
$4,743
$58,409
$55,490
$23,975
24,627
$24,443
30,647
$161,076
$141,613
127,838
1,1091
The following
11,745
3,43
..
Vermont, Vt.
Vicksb'g Miss
Wal'boro, Me
288,346
Willaraette.O.
VVilm'ton. NC
34,073
4,800
Wiscasset,
Net eamint^
$2,318
$3,893
$24,4J0
Net earnings
Paul & Sionx CityGross earnings
Operating expenses....
$11,617
10,719
9.829
are the totals for the
'600
Me
month
1
-1678.-
Month
MercJiandUe.
$13,805
$32,100
60,698
Foreign
$7,118
61,789
$2,535
$1,S68
$21,103
$3,323
$46,734
30,742
$4n,4<2
26,237
$285,113
175,819
$207,740
$16,'!92
$14,205
$109,294
$16,1,72
$29,934
$21,450
$179,764
$113,528
24,:)53
19,992
131,314
102,478
765
129,882
52,333
174,243
761
of June:
Foreign exp'ta.$l,lll,598
Comparative statement of the imports and exports of the
United States for the month ended June 30, 1878, and for the
twelve months ended the same, compared with like data for
the corresponding periods of the year immediately preceding:
Exports-Domestic
$13,281
49,931
73!550 46,340 York, Me....
10),564 4.400 Yorktown, Va
of
South'st.— Tcnn.D;y.Gross earnin.'S
Operating expenses
47,344
2,409
5,600
SPEciB YALUES.— Corrected to Augxui
8t.L.<Sb
l,06r
Va
Imports. ..#35,516,289 Domestic exports. $45,938,143
Specie value of domestic exports, $45,633,634.
Si. L.
136,6?6
64,110
12,400
914
938,263
46,102
St.Ang'tine.P
225
$332,185
$48,104
19,605
2.32,409
Stonington Ct
1,007,679
$801,462
20,494
5,."1
i',c86;
2,-99
Savannah, Ga
S. Oregon, Or
QtEHar, NJ
$317,522
$665,130
2&
100
2,789,777
St. John 8, F..
St.Mark's, F..
220 St.Mary's, Ga
188,977
$109,22J
5,026l
193>
S.Francisco.C
5^163
77,098
760
1.671
19,0161
15,t)82
ni
40
48,219
93,958
3,998
59,376
San Diego, Cal
Sandusky, O.
412
562
123',946
431
NY
17,798
38,5112
1.30,S84
3,23.',885, 3,331,349
Saletn, Mass..
Saluria, Tex..
Geuesee.NY
Georee'n,S
314,288
1,688
168 Plymouth, Ms
4,154 Portland, Me..
Goorge'n.DC
W
86
72,940
212,191
P.Amboy, NJ,
14,150
374
245,38!
42,414
4,308
11,
a6,878',988 T»7',M8
15',645
3.6v9 «l,88i^
1,117
143,809
4',.394
1.0-)3
Mb
4,741
fn,m.6k
Po'mnuti, NH
Providcnce.RI
129,601} 2,078 Pt. Sound, \VT
1,668 44,.331 Richmond, Vu
507
Fernandina.
Mic'gan,
6,679
3,333,197
P. River, Miss
Petisacoia, F..
F. Bay, Me.
Gaivest'n, T
.Mich
47,20*1
12;6-5
77,062
S.
Erie, Pa....
Fairfleid, Ct
F. Riv. Mass
Kennebk,Me
Key West, F
L E ilar, NJ
6.m
688,768
Petersburg, V*
Philadelphia..
BastDi8t,Md
Bdgart'n,MB
Huron,
1,001
130,429
T
Me
P'quoddy,
$61,728
$7I,:94
72.068
Sl>7
Pamlico,
P del Norte,
960
NY
C
Ms
$
189,408
738
NY
NC.
NJ
M'h
MIn
Dunkirk
-Exports.-
$
79,903
NcwYork,NY
2,19)
Niagara, N.Y.
,642,194 8,910,999,60,500 Norfolk, Va..
85,635
1)1,774 47,469 Oregon. Or...
182,293
St.
1878,
Domeatlc Fof'n
1,162
«8,188
La
I
L.&Sontheast.- St.L.Div.Gross earniigs
Operating expenses
881,789
Newport, R.I.
$36,742
l,204,0a7
Cnstonn
I
$
Montana, Ac.
Nantuckct.Ms
Natchez, Ml»s
Newark, NJ..
106
15
58,654
893
183,555
$187,258
I.Moblle, Ala..
$1,261,653
943,8iO
& South.
Grosseamings
Operat. and general expenses
$10,181
—
143,103
$138,305
$1,346,045
8o4,48J
$39,476
$8,S89
.
44,750
13,502
D
1.067,601
$15,659
$8«a.481
4Be,8«>
O'gatchle,
Glon'tcr,
Fadacali & Memphis
Gross earnings
Operating expenses
871,879
Oiwego, NY..
DelAware,
$1,4I7.5S5
76.174
$6')S,987
H
72,4
Bridget'nNi
O
154,251
$91,^.33
.
f32,«ag
Br'l&W'n RI
Brnnsw'kOa
BuffCrk.NY
Cuyahoga,
A
Haahville Chatt.
St LouisGross earnings
Oper. expenses, incl. taxes.
$31,705
74.848
F
$306,137
187,829
$233,653
& Texas
Net earnings
£IM,«1
Aroo8t'k,Me
6,617
N Bedford, Ms
Baltimore .. 1,283,280 1,935,801 6,929 Nburvport,.Ms
Bangor, Me
2,793
8,284
Nw Haven, Ct
B'stabie, H's
N London, Ct
Charlstn, SC
Ch'stone, Va
Chicago, 111
Corpus Chris
$.
S235,073
213,;e2
$207,514
B82,7tlT
£187,488
Al'mrle, NC.
Al'xdria.Va.
An'polis, Md
Detroit,
Gross earnings
Oper. expenses and renewals
108,818
£U.0»)
Exports
Dom'tTc Por'n
$
$
Alaslca, A.T.
Burl' ton,
Gross earulnga
Operating expensea
St. Louis Iron
Imports
Districts.
Boston, Ms..
Brazoc, Tex
Brchs—
Groeii earnini.'S
Net eaminga
Klaeoarl Kansas
Jan.
KortU.—
Gross earnintie
Operating exp'eee and laxes.
Netearnlnga
Chicago Burllogt'n
Grofs earninga
Kxpeoeea
—
11*8,0)9
103,»31
tl2),094
Bnrl. Cedar liaplda
,
£788,074
Statement, by CuHtomi Diiirlcts, shovriog the values of merchandise imported into, and exported from, the Uaited Btnte*
during the month of Jane, 1878:
Custotne
Orosaoarmnga
Bxpeueea,
,
1877.
1878.
im.
£790,181
IMPORTS AND EXPORTS FOR JUNE,
SARHINOS, EXPBH9(S AND MET lABMINOS.
,
£]-.8,sn
108,148
Neteamings
bt'Iow (;ivc4 the i^ros^ earning, oporatinj; exponsoa aad net
•araln:n for thu inontli of.Jiino, ana from January 1 to June 30, of all tbe
roada tout will furalah atutumouta for publiiMtlon:
A Oh'.o-
toMaT81.-«
£31,777
(871,863
The aUtomeiit
Atlantic Hlmiwlppl
I
1878.
-
Expenses
101,130
Jan.
.
1877.
£ 4',0n
Kxpensea
77,178
—
May.
1878.
Grand Trank of Canada—
GroMeamlogs
1I,'/8I
111,438
ll.8:)«
S.IUp.
137
Dccrcoac.
7*1,067
198,8.3
line ....
I'ac',.,
A
8t. Pmil
iDcrctfc.
187».
5.aru.4M
Krio
I'liia
.
.
THE CHRONK.'LE.
RmdInK
rbiliKl
St. Loui.H
BC. PanI
.
10, 1878.J
rhilHili'l|>)ilii A)
'
.
Total
1878.
1877.
.
Month
of
,
Moe.
ended
June 80.
12
June.
June 30.
June
$4%633,6M $630,633,798 $42,030,117 $589,670,231
1,111,593
899,302
14,201,403
$46,745,23S $694,881,200
35,606,289 437,051,533
Imports
1,
Mos.
ended
12
12,804,996
$I2,S9>,9 19 $803,475,220
47,635.604 451,313,128
Bt.
Net earnings....
&
Sionx City
St.
161,663
Paul—
Gro-<s earnings.
Operating expenses.
Net earnings
$b,593
$1,453
$18,450
$11^50
$53,624
84,979
$35,781
$373,983
$107,353
1,703
159.797
163,a3i
$18,615
$6,076
$214,183
$44,621
$.300,572
$3)3,847
$2,187,190
$2,059,070
276,103
281,:i09
1.6:4,2)7
1,630,957
$244,43
$92,5^ ~$513il53
fignrea have but recently come to hand:
$428,113
Southern Minnesota
Oro.^3 earnings
Expenses,
incl. tares,
4c
Netcamings
Wabash grosseamings
Eipenjes
Net earnings
The foUowiug May
May
.
»,
r,
Grand
Ripids
,
.
A
Gross earnings
Expenses
Net earnings
a
1878.
Total
Imports
,
,-Jan.
1
to
May
31.-.
1877.
1877.
1878
$110,255
•149,199
$93,483
$478,010
I0,i6i
4»2,551
305,141
def.$33,9l4
i^^ll
Jsi^
$125,742
rails, cross-ties.
&c.
$4iO,Sf3
$8,602,228
1,436,055
Excess of exports over imports $3,016,173
Excess of Imports over exports
Total Merchandite and Specie.
Exports-Domestic
Foreign
$
$161,152,094
4,725,635
$5.5)9,630
1,368,133
$1.1,134,718
13,027,499
$33,733,235
29,821,313
$6,917,76?
1,546.505
$56,I62,*37
40,774,414
$3,911,912
$5,3.'1,263
$15,337,^3
$48,197,318 $707,73'>,7,S3 $47,.M0,247 $632,804,98*
2,167,410
25,632,495
2(1,878,612
2,050.196
$50,?47,514 $72*,6I7,425
36,963,341 466,372,846
$49,817,637 $658,637,457
49,172,110 432,087,610
Excess of exports over imports $18,285,170 $281,714,579
Excess of imports over exports
$045,677 $166,589,917
Total
Imports
Indiana-
• lucludes $37,326 spent for iron and steel
Excess of exports over imports $11,!38,997 $257,832,667
Excels of imports over exports
Oold tfe SlUier {coin dt bullion)
Exports— Domestic
$2,563,621 $27,054,935
Foreign
9i8,6j4
6,678,240
Pittsburg TitnsTille & Baffalc— This railroad company
gives notice that the present earnings of the company do not
justify the payment of the interest falling due on the consolidated 7 per cent mortgage bonds of the company on 1st August,
nor those falling due February 1, 1879. They will issue scrip for
tbe same, bearing interest of 6 per cent, paying the same semiannually.
:
:
:
THE CHRONICLE.
138
XXVH.
[Vol.
The supply of mercantile paper is still very limited, but the
money market is still firm in tone, and very little accommodation
8YGIIA.NQ8 A.T LONDON AND ON LONDON
AT I.ATB8T DATES.
JULCUAMUB AT LONDONEXCHANGE ON LONDON.
K4TBSOF
JULY
J7.
is
obtainable under 3 per cent. Since the rates have Improved
it is understood that there has been more demand for bills
here,
The following
on French account.
for money:
LATEST
OS—
Paris
Berlin
S
Bank
js.ii,i^as5.sij<
short
months. M.iS @30.60
Hamburg
*'
....
25.
3 mas.
short.
20.35
20.35
20.35
25.
"
n.EO @!1.85
**
St. Petersbarj;.
July
56.
Jtily 28.
Jnly
Constantinople
3
3mos.
short,
27.57«aS7.62>i
*'
3mas.
!S.
months. 47 7-i6@47 9-16
n«
51 15-16^54 1-16
RlodeJaneho.
Bombay
30 days.
CalcntU
**
1».
1».
8 3-1M.
8 3-16d.
Hong
Kong...
Sbangbal
Alexandria
I
|
I
3
(a3)i
|
Open-marSet rates
4 months' bank bills
6 months' bank bills
4 and 6 months' trade
Per cent
3 @3>i
3
July
26.
Jane
July
24.
25.
JnljT
U.
m days.
6
mos.
24K
Is. fsJj'd.
1». SXrf.
is. lOXd.
ts.
.>*•
....
Joint'StocKbaoks
Disconnt honsea at call
Discount noases with 7 days' notice
Discount houses with 14 days' notice
ana.
Upland
cotton, of No. 40's
Mule
The money market has been firm in tone, but there has been
no increase in the demand for money for mercantile purposes.
The Bank return published this week shows a decrease under the
head of "other securities" of £1,456.433, and, consequently, the
Bai,k of England must have experienced a considerably diminished inquiry for accommodation. Capitalists believe, however,
that at some future date, probably in the early autumn, the
requirements of commerce will be much larger; and they now
desire to lend only for short periods, so as to have their money
well 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 deposits to the
extent of i per cent but there are many persons who are of
opinion that a dearer money market is not altogether so certain.
There can scarcely be, however, any doubt that the Bank is not
;
summer
months. The proportion of reserve to liabilities is now 3741 per
cent, which is ten per cent below that of last year.
Gold continues to be taken in moderate quantities for exportation, and there
teems to be but little hope of improvement from external sources.
twist, fair second quality,
and
four
previous years
1875.
1S74.
LFrom our own correspondent.!
London, Saturday, July 27, 1878.
peculiar to the
3^
2X
the Bankers' Clearing House return, compared with the
Circulation, including
£
bank post bills
27,071,025
is
i}i
2)f
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,
97
likely to acquire that strength which
a4
!
the average quotation for English wheat, the price of Middling
4.83
60 days.
@3}i
bills. 3
.3 ®3>4
The rates of interest allowed by the joint-stock banks and
discount houses for deposits are subjoined:
Per cent.
115.60
2T.00
2S 11-16
10J-;5
48-4i
«t
QOdajrs.
3>i
Smonths'bills
.
Lisbon
New York....
rate
Open-market rates:
30 and eOdays' bills
Vi.Oo
tlOX @l«.tK
3 months. la.sx mi-*
..
U«
short.
hort
..
Madrid
Cadiz
26.
io.u ®sto.m
SS.88>4@a5.t7X
•*
Antwerp
Amsterdam.
Amsterdam.
Vienna
Qenoa.
July
3>30.6]
i0.5S
Frankfort
rer cent.
D.1TB.
Tnra.
are the present quotations
18T7.
1876.
1878.
£
£
£
£
28,600,789
28,r48..320
14,93«,08l
18,lT9,O0d
28.070,959
8,567,759
81,839,125
1«,274,591
17,433,464
3,320.647
3,590,20.9
1'I,307,9I9
13,fi27,072
26,591,114
14,028.646
18,712,808
28,624,004
4,882,16)
28,960,784
15,405,977
17,011,493
10,773,293
15,384,227
19,723,388
13,569,230
9,437,552
Coin and bullion in
both departments
2J.478,318
Propnrt'on cf reserve
28,838,672
33,037,926
27,029,505
22,190,992
57'68
2 p. c.
47-03
2 p. C.
96X
34K
95X
483. 2d.
638. Od.
44s. 5d.
8Xd.
6Xd.
6>id.
lOJfd.
81.058,C00
81,946,000
Public deposits
Other deposits
Government securities.
Other securities
16,553,948
Reserve of notes and
coin
.
. .
to liabilities
Bank-rate
3 p. c.
Consols
Vi%
English wheat,av.price 60s. 5d.
Mid. Upland cotton...
S^id.
No. 40's mule twist,falr
2dqnality
...
Is. OJfd.
Clearing House return. 89,556,000
Annexed are the current
foreign markets
2)^ p. c.
94J4
47s. 6d.
6 15-16d.
lid.
85,523,C0D
rates of discount
4,901,907
S.i,6)i,n'i7
3V41
8X
D. c.
lOk'd
90,466,000
at the principal
:
Bank Open
Bank Open
mark't.
rate,
p. c.
rate,
p. c.
p. c.
Pans
2
IX
Vienna and
Brussels
3itf
3
3i(@3«
Madrid, Cadiz and Barcelona
Lisbon and Oporto
St. Petersburg
Amsterdam
3>i
Berlin
4
Hamburg
4
Frankfort
4
Leipzig
4
Calcutta
Genoa
Geneva
5
4
Copenhagen
The imports
^^
Trieste...
New York
mark't.
p.
c.
4>i
mmx
6
6
6
4>»®5
6^7
3@4
4
4!^®5
great measure, to the fact that bankers are affording
week have been very limited
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 53 ll-16d. per ounce. Mexican
dollars have r?alized 52d. per ounce.
The market for Indian exchange has been somewhat steadier,
but there has been no material alteration ia the quotations. The
council bills on Wednesday were disposed of at Is. Sid. the
facilities.
rupee.
The
probabilities are that the autumn season will commence
with a weak Bank sccouut, and should there be a genuine
revival of
commerce and
money must cerimprovement hae already
had its effect upon the Stock Exchange. Speculation in securities has for some weeKs past been restricted, which is due, in a
tainly rise in price.
of financial enterprise,
The tendency
to
fewer
however, be a better thing for the country for
its surplus money to be employed in trade
but although the
Eastern difficulty has been arranged, merchants are still slow to
depirt from their policy of cautious trading. This week a porIt will,
owing
and,
On
of gold during the
to
the Stock Exchange, business has been kept in check
by the
Throughout the w£ek
the toue has been rather dull, and prices have been steadily
tion of the French and Italian press has been writing
Several new companies, for home and colonial
fiercely declining.
•bout 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 Rjssian loan
;
increasing firmness of the
gainers, neither France nor Italy has been granted anything.
will not be long delayed.
M. Gambetta's speech has had, however,
tion of
a good
effect.
Prosper-
ous as France seems to be, there are yet sources of trouble in that
country.
Taxation is heavy, owing to the serious losses of the
late war with Germany, and repose is necessary in order
to lighten
U.
Italy seems somewhat to be pitied.
Her marvellous successes
have, however, fostered a too ambitious spirit, and it
would be
better for her future if, instead of spending more
than she can
afford in building large ironclads and purchasing
heavy guns,
Bbe improved her harbors, and freed the country of its
banditti!
Each nation in Europe has now plenty to do either in the way
of
reform or restoration without devoting its attention
and its
means to armaments. During the last twelve years, heavy
•acrifices have been made, and it will take
many years of peace
to effect a complete re-establithment.
Under all circumstances,
we must not perhaps expect a rapid revival of trade. The
cau-
tious policy
without
who
its
which has
advantages
require
weather
is
much
still
money— though
are cheap.
trade.
for so long been adopted, has not been
;
but
credit
it
has been very hurtful to those
accommodation.
The
or discount
favorable for the growing crops, the price
of
future is uncertain— is still low, and
its
goods
new
loans and
money market.
quite possible that the introduc-
It is
new companies
will be rapid, as there is
an impression that after so long a period of inaction, there are
several which promoters desire to bring forward. Some difficulty
is likely, however, to be experienced in Soating new uiidertakings.
Annexed are the
American securities
closing prices of Consols
at to-day's
and the priucipal
market, compared with those of
Saturday last
Redm.
Consols
United States 6"
Do
Do
Do
B-20S.
Do
Do
Do
10-40S, 68
1867,6s
funded, 5s
funded,
4s
Louisiana Levee, 8s
Do
©no
®105
'
Do
Do
Do
Do
Do
5s
56
5s
5s
58
Virginia stock 58
;
isjs
1894
1900
1889
1891
18S5
i07«(ai0S3i
108!4S!09
111 ©iia
1063iaiC7«
102
42
42
106
106
107
106
106
107
...'..
68
New
iro
10.!
'.875
6s
Massachusetts 5s
Do
Do
188'
1885
1887
1881
1904
1811
1907
4Xs
July 27.
95>4©95!^
.
funded 6s
.'."
.
@10t
a 52
® 52
@108
@110
@1C9
®108
ai08
& 35
& 30
1905
July
20.
95«@ 95«
IU9
104
@110
©105
I073!£ai08«
108i«!ai08K
:io>i@iiiw
106>4'ai0(
102 @I04
42
52
42
52
106
103 @1I0
107 ©109
106 ©108
@
®
lOti
107
'^8
©103
©32
25
57
©
©
99
©:oi
30
69
AHBKICAK DOLLAR BONDS AND SHARES.
There should be, therefore, an improved
autumn
Albany
&
Susquehanna cons. mort.
7s.
No8.501
to 1,600, lncluslve,guar.byDel.&Hud.Canal.. 1906
99
©101
:
AUOUST
.
:
THE (CHRONICLE.
10. 1878.J
IMm.
Atlantic
* On-at
Do
Do
Uo
Do
Wo»tern
lut
M., $1,000,
July
"
MT*
711.,.
"
3(1
Do 8d
mort. Tru«t(i<!S oti tlcsiet. .
I
do
do
do
do
>tUhlo,Con. mort.,
"
"•
Uoasols for money..
Potomac (Mnin Lino) Ist murt,
do
<Tunnol) liit iiu>rt^.i>;(',
account.. IIV
a.8.B»(5-80i) i8«7....ift7
.
Del. it
tu^
"
•
"
M
4B
The weather has <»>nllnued favorable for the growing crops.
After severa] days of great heat, some rain has fallen bat it has
not been sufflcient to intorrupt the work of harvest, which is
;
is
well spoken of,
and it is believed that the quality will be good. The fall of rain
has been of material benefit to the root crops, and now that the
hay crop has, in most localities, been gathered in, it has been
advantageous to the pastures
Prices of agricultural produce
may be low, but (armers will have larger supplies to dispose of
than they have bad for several seasons past.
Daring the week there has been a slight tendency to recovery
in the prices of wheat.
The quotations have now fallen to a low
point, the average value of homegrown produce being only
448. 5d. per quarter.
The rise, however, is very slow, and is due
chiefly to a belief
that so
"
.
9
10
10
81
33
98
Fil.
15-M
(Jl
M
95V
3-l(
ma
io«K
loflM
iMM
111
111
111
tWU
tWV
111
108V
10«K
IWH
I'HV
t07K
IMX
heavy a reduction as some
253. per
quarter from the highest point of last year has not been justified.
Bread is now as cheap as any reasonable person can desire; but
there seems to be no chance of an increase in the price.
Wheat
«
10
lo
6
6
:
83
.H
Mod.
"
Tallow(prlmeCity)..»cwt
.
37
23
"
8
6
83
29
U
«
t
»
9
10
10
21
8
33
•
DO
Wed.
5
£.
Thar.
.
d.
t.
73
49
88
89
43
6
6
S
»
Frl,
d.
8
d.
a.
6
73
78
4«
88
S9
48
49
31
6
8
U
li9
43
Wed.
£
61
37
23
3
S7
S3
3
8 10
8 10
51
51
>;
10
9H
7H
9H
TV
Wed.
Thar.
£ s. d. £ s. d.
d.
8 10
:
-,}i
—
s.
4>
10
9X
7X
d.
B.
S0
9X
2)
d.
1.
50
8
im.
Toar.
d.
B.
10
Tnes.
d.
s.
87
23
8
Frl.
£
s.
d.
8 10
51
51
a
=
°
"
..15
Llnseedoil....* ton
9
10
10
82
8
S
3
„
37
Oil Market*.
Mon.
d.
*nKar(No.lSD'chstd)
23 6
y cwt
«tnD..69 00
'•
a
10
82
83
10
:
Llns'dc'ke(obl).»tE. 8 10
on spot,
Sperm oil
Whale oil
10
J
d.
B.
=
n
3
Sat.
quar.
«
«
'8
9)i
London Produce -and
^
9
Tnes.
d.
>•
ispirlts)
(Cal.)
9
SO
S
10
Petroleu.a(reflned). ...^Ka!
Unseed
S
d.
1.
—
d.
s.
Vcwt..
"
72
49
38
29
48
S
S
£
n
Sat.
s.
«
d.
I.
^
Liverpool Produce Market.
£
U
Toei.
d.
s.
6
Bacon (I'f? cl. m.)... ^cwi 31 6
Lard (.\mcrlcan)
"
38 3
Cheese (Am. 6ne) new
13
Spirits turpentine
S
9
6
Frl.
d.
.
d.
<S
9
«
8
«
Tbar.
•.
6
»
Moo.
d.
s.
(fine)
Wed.
d.
1.
^
S
§
'3
"
8at.
"
Tom,
d
25
«
deef (prime mess) V tc. ... 72
Pork (Wt. mess).... • bbl 49
Boein (common)...
—
Market.—
Liverpool Provitione
45
wheat
(Red winter)...
(Av. Cal. white).. •'
(C. White club)... "
Jomfnew W. mix.) V qnar.
I'eai (Canadian) « qaarter,
Utt
1875
of
Tbar.
91 U-l«
93 l-ltt
B.
Ploar (extra State)
VbbI is
Wheat (R. W. spring). »ctl 8 10
74
108
IDS
The crop
W*d.
Man.
Bat.
s. d.
W)
fund bond!), 5s ...
A
Hud. Can. mortgai;e bondi), 7s
A Milwaukee )«t mortgage, 7<i
....1876
steadily becoming; general.
lOHV
107
Liverpool Breadstujft Market.
98
M mort|[a«e, 8a
21
8'J
18!)0
Do
Taei.
MX
m
IMtrvool Uolton iVorAEit.— !jee ipeeial report of eottor.
«».IB11
irrant bonds, 68
Chicai:i> Hurl.
Qulncy tlnktUE
„>;'
•3-a
III!^
5s of 1881
Now i>i>
to.luiy I, 1S79. Incluelvu
189fl
Central Paclflc of California, l»t mort.. 6k
DoCaliror.&OroKOD Uiv.Utmori.Kld.bd8,iis.l8»^
Detroit
S.l(MOa
_U.
(gatkT. by Penneylvanla A Xo. C«nt.KHilwa\i»).19U
Burl. Cedar liap. Jk No. Kit. of Iowa, Ut mort
Ci'Utral of No'.v JtTucy shares
conn. mort.. 7«
18l»
Do
Do
ex funded conps. from April 1.18i7,
Do Land
Mod
K4 11-16
"
....
Jb
at.
-
7i<....lM)B
Atlantic Ml»i<i9-lp|>l
t'ominlttoo of Rolidhol<k'r«' ctf?
do
Baltimore
139
JrJy a\
f 7.
9dmurt.,|ll.O0<\Ta.,Jf
3(1 mnrt., Jll.ono
It
l>t
:
.S8 15
83 8
69 00
35
28 15 d
:
23
69
35
88 15
8
23
6
28
8
00 81006900
85
28 15
35
28 15
may
vary in price a few Bhillings per quarter in either direction,
but cheap bread during the coming season is almost assured. It
would be an excellent thing for the country if the same could be
said with regard to meat, which is now the most formidable item
of domestic expenditure.
During the week ended July
home-grown wheat
England and Wales amounted to
22,302 quarters, against 21,781 quarters last year; and it is estimated that in the whole Kingdom they were 89,200 quarters,
20, the sales of
(£>a\\x\\xtxti'Ai autt l^tsccllaujccrxis JXcxus.
—
Imports and Exports for the Week. The imports last
week showed a decrease in dry goods and an increase in general
The
merchandise.
imports
total
week and
were
against
f5,067,036
two weeks previous.
The exports for the week ended Aug. 6, amounted to
16,341,907 against *7,460,863 last week and 17,018,127 the preagainst 87,200 quarters in 1877.
Since harvest, the sales in the vioasweek. The following are the imports at New York tor
150 principal markets htve been 1,820,842 quarters, against 1,920,- week endini; (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:
POaBIQH IHPOBTS AT NBW YORK FOR TaK WBBK.
they have been 7,283,500 quarters, against 7,683,700 quarters in
the corresponding period of last peason.
1876.
1877.
1378.
Without reckoning the
$2,02i,6!5
tl.'>4''.n6d
Dry goods
$2,151,553
(1,409.818
•apply in granary at the commencement of the season, it is Seneral merchandise.
2,763,657
2.841,653
4,714,311
4,557,818
estimated that the following quantities of wheat and flour have
Totol for the week.
14.7-6,292
$4,499,713
$6,928,867
»»,967.03i
been placed upon the British markets since harvest
Previously reported.. .. 80').904,5i5
175,2^1,13)
196,545,226
1&!.753.872
in the 150 principal markets of
t4,98n,6o9 the preceding
f 5.940,340
;
. .
:
1877-8.
Importa of wheat
Imporla of flour
1876-7.
1876-6.
cwt.
cwt.
cwt.
5^6j.'i.lJ7
7,471, lai
3S,0)4,-29
6.103,61!)
33,«6,000
34,361,aiX)
.89,675,490
.
l,5«9,61l
78,499,318
801,732
88,.»5?,8:.7
Sf4,120
88,898.150
882,145
Result
68,100,8(6
Aver, price of Enfi. wheat for season 50». 6d.
77,6?7,(il6
87,675,777
88,636,005
53s. 6d.
45s. lOd.
43s. 8d.
Sales of
.
home-grown produce.
Total
Exports of wheat and floor
The following
produce into
Since Jjn.l
1874-8
cwt.
48,507,:80
is.eao.gw
37,461,772
5.93 (,878
45,452,500
1811,690,387
of
dry goods
for
The following
to foreign ports for the
show the imports and exports of cereal
and from the United Kingdom since harvest, viz.
Ist of September to the close of last week, compared
with the corresponding periods in the three previous years:
Portheweek
Previously reported....
5"'«y
Oat«
Peas
Beans
Indian
rioor
7,471,103
6,108,619
187S-6.
49,507,730
7,771,158
10,230,410
1,339,02«
8.619,883
86,562,532
5,690,9:7
12,875,487
11,111,782
1,625,270
»,61.3,613
S3.037,2',3
Com
Wheat
cwt.
1876-7.
3S,09 1.729
12,091,011
10,679,707
1.831,893
4.108,918
81,108599
1,485,02.J
Barley
0»t«
Peaa
7Ja274
854,838
58,d80
llS,i47
21,7114
353,6ti9
Beans
19,260
236,513
84,591
49.497
85,7 3
82,495
31, Oi!
474,^70
43,453
Indian
lonr
1»,S<)6
Com
1874-5.
37.461,772
205,967
187,134
lJ,3ti2,336
9,518,825
l,745,SOJ
2,678,656
14,814,933
5,983.678
38,465
9.5i8
43,595
39,284
77,(;91
IS,5S2
2,657
46.481
56.178
BazIUb narket Report*— Per Cable.
The
Since Jan.
1
»4,.385.68a
1873.
«5,4i7,839
$.5,025,231
148,743,9 J6
155,835,577
markets of London and Liver>
pool for the past week have been reported by cable, as shown in
summary
London Money and Stock Murktt. — The
the following
of
bullion in the
England has decreased £180,000 during the week.
Bank
1877.
1878.
(6,811,967
197,054,683
$148,371,999
(154,17:.765
(160,410,308
$203,296,650
The following will show the exports ot specie from the port of
.Sew Tork for the week ending Aug. 3, 1878, and also a com.
1,
1878, with the corresponding
previous years
Wieland
lA)ndon
totals for several
:
Aug. 1—Str.
Aug, 3- Str. Adriatic
Liverpool
Aug 3—Str. Rhein
London
Amer. silver bars.
Amer. silver bars.
Mex. silver bars..
Amer. silver bars.
Total for the week ($98,900 silver, and
-gold).,
Previously reported (13,091,787 silver, and $5,855,140 gold)
ToUl since Jan.
Same time In—
1.
1878 ((4,000,687 silver,
1974
1373
1373
5,400
13,900
S^OCO
(5,855,140 gold).... (9.315,827
Same time In—
$28,071,328
88.006,882
f9.237,647
37.698,693
88,632.455
1877
1876
18(5
and
$55,000
$93,900
9,846,9n
-
55,238.26(>
The imports
laily closing quotations in the
week ending
143.952,317
parison of the total since Jan.
i8'n-8.
cwt. 50,641,127
(168.725,908
mw TOBK fob TQI WBBK.
1875.
figures
(203,474,093
one week later.
is a statement of the exports (exclusive of specie)
from the port of New York
Aug. 6ZFOBTS mOX
from the
OTV
waeat.
1179,753,918
In our report of the dry goods trade will be found the imports
$iS.880.5t«
40.715.781
13,48S,8«S
8i.6S«,880
38,874,718
61,977, 142
1871
1870
1889
1S6S
1867
WW
of specie at this port daring the
same periods hav*
been as follows
.Iu1y29—Str.
July 2+— Sir.
July 29— Str.
July 2J— Str.
Adriatic
Liverpool
Librador
Havre
St. Tbomaa
City of Para
City of Vera Cruz.. .Vera Cruz
Amer. gold
Foretgnsold
Amer. silVer
Foreign stiver.
Amer. stiver
Amer. gold
Foreign gold
$1.(10
8,786
iJUft
...
1S.800
4,481
28,516
1,400
:
:
Amer.
Coracoa^
JaWai-Schr. D. M. French
silver
Amer
...AaiCayes
Aug. 1-Sir. AliaCrescent City
Ang.
" 8-Sir.
$!,
Uii,
—
Port-auPrlnce...A<ner. silver
Foreign gold
Etna
Aug.
* 1-Str.
3,
eirver
silver
Foreign t liver ...
Amer.
Aspluwall
3,
Total for the week (M5^t04 silver, "nj tSI.^S gold)..
Previously reported (t9,30!i,615 silver, and $J,6J6,8;4 gold)
Total since Tan.
1,
1878 ($9,461,719 silver,
Same time in—
_
r.7n,289
5,615.751
S.137,157
8,059,733
,
3,
*35,5S
1333j,«9
$1,689,360 gold). ..$14,151,019
t7,4a4,449
7.405.375
9.815.300
4.524.114
1,743,660
1871...
1870
1869
ISM
i.9M.m
1867
transactions for the
week
Sub-Treasury have been
at the
as follows:
Receipts.
,
3
5
J«62,000
"433 000
6
7
35-^,000
4-22.000
8
478,000
349,000
9
Total
83.3,416 10
Currency.
Coin.
8517,76S 54 11,190,610
707 855
StJl.OoS '22
5';7,056 80
733,8-35
611,60-i 09 5,583,616
9n,944
608,181 37
723,485
SilfiTi 12
$375,900 .«
740,344-36
5-i7,8Jl 63
638,406 23
l,01S,-«9 45
or long duration.
^- Bayard Cuttinq,
*585,'51 01
1,1-29.180 5
674,6f6 51
78i,48« 81
4iO,3 2 S6
426,444 62
93
5;t
95
12
06
53
—
Wheat in Minnesota. Mr. Jacobson, th^ Assistant Secretary
of the State of Minnesota, has compiled from the township assessors' statistical returns a compaiative 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 Cbicajro &
Northwestern road runs, and the increase in acres and per cent:
135,321,071 31
43,119,331 18
BaUnce. Ang.
122,612,311 25
43,313,824 63
D
68,013
1878
77,964
86,-281
10il28
Dodge
27,-267
32,777
.5,510
Steele'.
9,760
4i.661
35,933
5,864
3,2i6
1,132
3,417
3,086
11,400
1-2,159
8,409
1877.
Waseca
HlueEarth
LeSneer
Nicollet
Brown
Redwood
Lyons
Yellow Medicine
51,918
74,752
8,123
37,053
3,084
7,111
5,105
14,774
Treasury balances for three months past
U.S. Bond! heMm security from Nat. B'ka.— tHAjn.
$1,235,000
Bonds for circulation deposited
2,780,400
Bonds for circulation withdrawn
June
849.166,4f,0
34»,i>46,400
13,868,000
13,853,000
348,880.900
13,906,400
5,056.9;i0
20,
514,700
758,800
11,550,903
11,491,732
10,909,317
35,318,984
346,6S1,016
35,.318,984
.
346,681,016
.?6,31S9S4
346,681,016
..
8,007,650
1,140,121
333,555,965
27,000
deposit, Including liquidating
banks
Retired under act of January 14, 1875
Total retired under that act to date
Total amount of greenbacks outstanding.
NaiioncU
.Tuly 31.
$1,390,400
1874
now on
31.
$9,267,700
2,787,750
deposits
Legal Tender Notes.—
Deposited in Treasury under act of June
Total
Bant
New circulation
Circulation.—
Total circulation outstanding—Currency.
Gold
Notes received for redemption from—
NewYork
Boston
Philadelphia
Cincinnati....
Chicago.
Miscellaneous
Total
14
103
:j8
5
738
172
190
65 4
S9'5
3,:164
432,9:3
123,024
41
Fitk & Hatch have just issued the fifth edition of
their pamphlet, entitled ' Memoranda Concerning Government
Bonds." This little book is full of valuable information to
investors in Government securities, and it has been widely sotight
for, as is shown by the successive editions issued by the firm. The
question now eagerly asked by holders of the old issues of Government bonds is in regard to an exchange of their bonds, and what
On these points, th«
issues are best to purchase in exchange.
present pamphlet says
'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
thestabi'lty and productiveness of the legitimate enterprises of commerce,
manufacture.", 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 thiuk, therefore, that the holders of 6 per cent bonds may safely calculate upen the continuance of their investment undisturbed for a lon§ term
of years and that, in estimailng the relative aesirability of the various issn 8
demption of
1,40^450
544,910
1,486 685
Government bonds for new purchasers, investors may assume tiiat neither
the 5s of 1881 nor the lO-lOs are likely to be redeemed in less than from ten
to fifteen years. From all the indications now available as guides to judgment or conjecture, we would class the several Issues, for desirability of
iuvest-nent, at their relative prices at this date as follows, viz.
877,311
323,082,164
1,432,180
3-23,474.4.39
1,4:53,1-20
10,757.000
5,122;000
1,276,000
9,824,000
7,095,000
1,119,000
9,373,000
6,691,0(0
1,123,000
6,922,000
5,578,000
6,400,000
1,433,120
$-24.017.000
$83,616,000 $22,786,000
189,706,021
3,094,748
197,415,133
2,6:3,479
207,007,8:-2
1,108,317
10,000,000
63,823,640
10,000,000
45,829,600
10,OCO,000
45,631,030
Ss of 1881,
(lisoflSS;.
J
First^'"''
Second
series.
cent bonds.
5-20sofl3«7.
4 per
Fifth:
Sixth
Second and third
]0-40s.
iii per cent bonds.
Third
Fourth
5-203 of 1868.
:
—A
circular has been addressed to the stockholders of the
of New York, proposing to reduce the capital of the bank
from three million to two million dollars, in order to obtain relief
from taxation, which amounted last year to $153,000, including
State and national taxes. This bank isdoing a large business ia
Government bonds, and has taken $1,500,000 new 4 per cents this
Bank
Treasury Movements.—
Balance In Treasury— Coin
Currency
Currency held for
refrac-
tional currency....
-Coin and silver certificates outstanding....
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
is
1878:
National bank notes outstanding when Act of June
week.
—The Ontario Silver Mining Company has declared
monthly dividend, No.
31,
its
and an extra dividend. No.
regular
32,
for
July, aggregating $100,000, or $1 per share, payable 15th inst.
1,
passed
National bank notes issued from June
SO, 1374,
was
$349,891,182
20, 1874, to
BANKING AN* FINANCIAL.
Jan.
14.1875..
..
$4,734,500
AVhat Shall We Do Wltli Our Flve-Xwentles.
National baak notes redeemed and retired between
samedates
8,767,8,33
National bank notes increase from June
20, 1874, to
Jan.
14, 1875.
National bank notes outstanding Jan. 14, 1875
National bank notes redeemed and retired from Jan.
date
National bank notes surrendered between
14, 1875, to
Decrease from Jan.
14, 1875, to
1,967,363
$851,861,450
$68,404,303
same dates.
Total redeemed and surrendered
National bank notes issued between same dates
9,,i81,418
t77,T88,7;i
48,401,710
data
$323,474,431
Greenbacks on deposit In the Treasury June
notesof Insolvent and liquidating ba,'k8
Cteeubacks deposited from June 20, 1874, to
tional bank notes
SO, 1874, to retire
$3,813,675
date, to retire na78,867,107
Total deposits
$38,080,782
Circulation redeemed by Treasurer between same dates without
re-lssne
71,171,635
Lonis Alton
by the president
of
The
premium.
$10,909,847
14,
1875
t.35 .lis osi
346",68l'oi6
&
Terre Haute.— A circular has been issued
this company, as follows:
This company regrets to inform the holders of coupons due
Auauit 1 on
a."?"*'?'5u''r,''""'^''l '>'""'»• """• ""'"S '" 'he refusal of iffe IndianL^lf.*** ''-..L""'"
Kailroad Company (the lessee of its main line) to
pay the
IS^il?
f
rental due. it is unable to meet those coupons promptly.
The renul due from the lessees up to this day amounts to over
$150,000,
and
" Fours," "
desirable bonds for investment are the
Fotir-
and a-halfs," "Fives," "Ten-Forties," " Sixes of 1881" (second
aud third series) and " Currency Sixes."
In addition to this demand from holders of Five-Twenties, there
is a large demand from new investors more wide-spread than for
many
We
years.
therefore naturally look for a gradual advance in the
prices of the issues
Greenbacks on deposit at date
Greenbacks retired under act of January
Greenbacks outslandirg at date
The rapid calling in of the Five-Twenties of 1865 by the Government, and the fact that the Five-Twenties of 1867, of which there
are over three hundred millions outstanding in the hands of
investor.^, come next in order, is causing a general inquiry among
the holders of these bonds as to which issue of Government
securities they shall select in making an exchange while they can
realize the present
87,011
National bank notes ontstandin j at date
St.
846
6,-397
3a,8ao
2,259
83,832
1,968
4,684
3,019
;
Circulation retired
August
84-9
20-8
of
issued
The following
Increase
percent.
14 8
— Messrs.
the Comptroller of the Currency, Hon. John Jay Knox,
the following statement of the currency movements and
ToUlheld for circniation
Bonds held as security for
Inci-fase
in acres,
9,951
21,847
Winona..
Olmsted
29l),949
Balance, Aug. 2
From
we have
President.
defaulted by the guaranteeing roads is
$37,500 each, which have been protested,
and the rental for the months of June and July, S73,000, which
the roads have refused to pay. The interest due on the August
coupons of the Terre Haute Company amounts to |49,000.
The amount of rental
made up of two notes of
$4,076,754 14 $6,917,408 17 $3,983,760 67
$4,209,143 11
13,308,030
Payments.
,
Currency,
Coin.
Customs.
Ang.
this company is now taking steps to enforce its rights against itj lessees and
their guarantors. These latter are well able to meet their obligations, and the
company is advised that its rights as against them are well defined. It is
believed that the delay in the payment of the coupons referred to will not be
2,-;97.83i
istI:.:. ..:..:::
The
IS,
Same time in—
._^„^
18T7
1876
and
4,
3,
,
[Vol XXVII.
(Sinned)
3
Gild dust
U. 1irimama....Cludad Bolivar. Foreign silver....
AUE' »— BrlgM.
*
Amer. gold
Foreign gold
Gold bars
.
;
:
THE CHRONICLE
14C
1875
1S74
1878
::
which are most desirable.
We have just published the
fifth edition of
our "
Concerning Government Bonds," designed
tions in regard to
to
MEMORANDA
answer all ques-
these securities, and to give full information
to intending investors, copies of
which can be had on application
at our office.
FISK & HATCH,
3ANKER8 AND DKAI.ERS IN GOVERNMENT BONDS,
No, 5 Nassau St., Nkw York Ciir.
:
A00U8T
-
THE CHRONICLE.
1878.]
19,
HI
Cloalng prices at the
"""^
VATlON.Vt
BANKS OliaANIZBD.
6h,
6s,
Unite.l Stntes Comptroller of the Currency furoiahet the
fo'.lowlDg ulatoiuontof Nmional Baukfl or(f»oi'-ed
i391-Fir*t N«tl.)n!il Bank of DoadwooU, Dnkoli. Auihnrlzod cipltal. »50,8. N. Wood,
(XW; pslilln cipltal, SM,(XO; L H. Ur»ve«, Preaidcn
Authorized to commance buslnosa July K, I87li.
C'aaliler.
;
D I V I DBN D .
n« tollowlc: dtTldenda bar* reeontlT bees Daonoeed
Per
Whin
BooKa Cuwbd.
Ckmt. Patabi.«. (Daya
Inclualve.)
Sept.
2.
City Fire
N«w V ork FIra
13.
Aug.
It to Sept.
Aug, 7 to Aug.
1
Onaem.
(
—
increase of 4,000,000 francs in specie.
statement of the New York City Clearing House banks,
decrease of $965,500 in the excess
3, showed a
above their 35 per cent legal reserve, the whole of such excess
ing $31,606,375, against $32,571,775 the previous week.
I'he following table shows the changes from the previous week
and a comparison with the two preceding years.
The
issued
last
August
1878.
Aug.
Differ'nces fr'm
previous week.
3.
Circuliition
17,990,800
19,273,600
219,978,500
58,610,100
..
Net deposits
l«gal
.
tender.';.
4.
This
Is
State
&.
bonds outstanding Aug.
1,
Range since Jan.
1,
108%
Sew 4*3
per cents
107
at
tliu
1 :'
1878, and
1878, were
it
:
a.s
Amount Aug.
1878.
Highest.
of each
follows:
Registered.
10518 Feb. 23 110% June 27 $190,,009.560
102>4JuIy 2'J I II.", 1-1 •Iiino n, 51 ,129,900
1.
Coupon,
1
lOl's
May 24
1
102% Jan.
5:
122'8
$8fl,720,80ft
.50,6(!s.30O
H>7 ,6.59,130 202.II37,O.W
21,l36.:ilX)
16 029,000
.5(I,-JH3,.300
144 ,280,800
233 364,150 27:1,073,900
155 ,112,100
90,887,900
80 ,597.350
32,252,630
04 623,512
May 25
and Ballroad Bonds. —There
000«ertif. of com. for 7
West. Extcn. 1st mort.
bonds of the N. Y. A
Oswego Mid. RK.
47,500 N.Y. A Oswego Mid.
RR. equip, couv. and
6s,
tax bds, issued
for Atlantic Tenn. & O-
siieoial
BR
KB
41,000
Town
8s. issued
&
Eufaula
per bond. 20 50
65
$15ofl877
of Southtlcid,
60
3 Continental Ins. Co.
Rlchnwnd Couuty.N.Y.
Drainage bonds, per 1k1.
18,000 CcrtiUcate of Coui.
for 18 West. E.tten. 1st
niort. bonds of the N. Y.
ciiuip.
1877
$95 Anicr. Fire Ins. Co.
scrip, viz.: $20 of 1872,
$3 of '73, $20 of '74,
$20 of '75, $15 of '76,
per bona.$13 50
166,000 Alabama
to the Mont.
25o.
conv. and
sink, fund bds.. per bd.
6O0.
32,000 N.J. Mid. Ry consol.
mort. 7s, gold, per M. $6 50
139 L. I. Ins. Co. scrip,
viz.: $10 of 1870, $15
of '71, $20 of '72, $20
of '73, $25 of '74, 825
of '75, $20 of '76, $4 of
RR.
.
C.-irollna
$8«
sink, fund bds. .per bd.
43,000 N.Y. & Oswego Mid.
lionds.
$63,000 North
51
scrip of 187't
.$31
1,000 Logansport Crawfordsv. A Southw. RR.
Ist mort. 8 per ot. bd.
.
$200
& Oswego Mid. ItR
The following wore also sold at
$35
. . . .
Shares.
2,000 Rising Smi Silver Mining
Co., Sau Juan county,
per share. 10c
Colorado
auction:
Bondt.
$13,000 State of Alabama consolidated class A bonds ..43%
4,000 State of South i;arolina
consol. 6 p.c. coup. boud8.30
Closing prices for leading State and Railroad Bonds for two
past, and the range since Jan. 1, 1878, have been as follows:
weeks
Aug.
States.
74
Virginia Os, cousol
do
do
2d
series.
Raii.koads.
Central of N. J 1 st consol
Central Pacific Ist, 68, gold.
I
74
Range
since Jan.
Lowest.
. .
1,
1878.
Highest.
69% June
Feb. 11
8 85
5 108 Jmie22
15 Mch. 29 IS May 25
33*aJau. 4 39!>8 May 14
104*4 July
•14*9
35
•72*2
•28 *a
81>s
29
74
July 31
Apr. 12
*83
'83
04*4 Mch. 4
105*5 •105% 103»8Jan. 13
113 109 Jan. 2
91 '8 Jan. 14
98% 100
97*4 91*8 Jivn. 5
96
•108 •108*4 100 Jan. 5
110 Jan. 7
•X15
Erie Ist, 78, extended
Lake 8. A M. S. Ist cons., cp. •111 •ill 109 Jan. 10
103*8 Jan. 5
Michigan Central consol. 7s.
•ii8"" il8'8 1 15>a Jan. 6
Morris* Essex Ist mort.
•118
118 Jan. 7
Hud.
Ist.cp.
Cent.
A
Y.
N.
95T8 Feb. 20
97% •98
Ohio & Miss. cons. sink, fd
Feb. 8
•118
118
"118
Ist.
Chic.
Wavno
A
Ft.
Pitta.
Apr. 5
•104
103
8t. I»ul8 A In)U Mt. 1st m... Xl04
Union Pucitlc Ist, 6s, gold... 105*6 •lOS's 103% Jon. 7
los'si'ioaij 92% Mch. 6
sinking
.».. fund...
do
^.„
,..—
"
. xuia la the price bid ; no »ate was made at the Board.
.
Chic. Burl. A Q. con.sol8 78.
Chic. A Northwest. cp.,gold.
Chic. M.& St. P. cons. s. f. 7s.
Chle. B. I. A Pac. 69, 1917..
Highest.
•10419
'14*4
•34
•72
*28
x80»9
Dh§t. of Columbia, 3-658
106% 105 »4 Jan.
Aug.
9.
Louisiana consols
Missouri 68, '89 or '90
North Carolina 6s, old
Tennessee 6s, old
1878.
109'>8Jun6 8
111»4 Ill |l04>sFeb. 23 Ill's July 30
108 "s 107^8 10338 Mch. 1 109*8 July 9
106"s 10K\ 102 »« Feb. 25 107*4 Jnly 30
68 of 1881
iim
IiOWCSt.
1,
Assn., $1,000 each, p. sh. $2,600
20 Merchants' Insurance Co.. 142*3
168
20 Mcch. ATraders' Ins
114
64 Iliiuie Ins. Co
l-t Hudson County Nat. Bauk.150
112
10 Irvi ng Nat ioiuil Bank
20 National Citizens' Bank... 100
25 New York Gaslight Co ... 93
;
108 >4 107
was uiude
Shares.
The sixtv-sixth call is dated August 7, 1878, and embraces
$5,000,000 bonds, on which interest will cease Nov. 7tli, 1878:
CJoupon bonds, dated Julv 1, 1865, namely: $30, Nos. 70,001 to
71,000. both inclusive; $100, Nos. 123,001 to 127,000, imth Inclusive;
fSOO, Nos. 86,001 to 87,000, both inclusive; $1,000, Nos. 163,501 to
169,000, both inclusive. Total coupon bonds, $2,300,000.
Registered bonds $100, Nos. 18,351 to 18,630, both Inclusive $500,
Nos. 10,731 to 10.800, both inclusive; $1,000, Nos. 36,101 to 36,3.50,
bothluclusive: $3,000, Nos. 10,401 lo 10,600, both inclusive; $10,000,
Nos. 20,501 to 20,900, both inclusive. Total reglstcrctl bonds, $2,500,000.
Aggregate, 5,000,000.
Clositig prices of securities in London have been as follows:
O. 8. 68, 5-20s. 1867.
U.S. 58, 10-40S
utile
in prices since Jan.
72
20 ^'tna Fire Ins
55^
30 Sun Mutual Ins
&Trad.Nat
Bk.l95>.2
40 luiportera'
125*3
30 Corn Exchange Bank
02 42d St. & Gr. st. Ferry RR.126'fl
5 N. Y. Sun. Print, aud Pub.
:
9.
no
has been very little
Louisiana con.soIs sold to-day at 74. At
auction $63,000 North Carolina special tax bonds sold at $13 50
per bond, and $168,000 Alabama 8s, to Montgomery & Eufaala
In South Carolina the Court of
Railroad, at $30 50 per bond.
Claims met and passed on one or two small lots of consols and
then adjourned to the loth inst. The Court does not seem
inclined to act promptly, and this is a discouraging feature; it
was understood that they wanted Mr. Kirapton as a witness, and
if he is sent to the State, possibly it may hasten matters.
Railroad bonds are firm on a moderate business. Chicago &
Northwestern gold 7s sold at 100 to lOOi to-day, notwithstanding
the low prices of stocks. The Central Pacific land grant mortgage
trustees call for bonds to be offered to them to the amount of
$1,100,000 cash now in their hands.
Messrs. A. H. Muller & Son sold the following at auction:
;
2.
;
activity in State bonds.
'oiipon bonds a:ited.Iuly 1, 1863,n.'>mely: $50, Nos. 69,301 to 70,000,
li iiu-lii.sive
$100, Nos. 120,001 to 123,000, both inclusive; .$500, Nos.
: l.iWl to -sO.OOO, both Inclusive;
$1,0(X>, No8.1157,001 to 163,500, both
mclusivc. Total coupon bonds, $2,500,000.
Registered limids a.s follows: $100, N«s. 18,451 to 18,.530, both Inclusive; $.500, Ni>s, 10,701 to 10,730, both inclusive; $1,000, Nos. 33,831
to 36,100, bolli inclusive $3,000, Nos. 10,251 to 10,400, both Inclusive;
810,000,Nos. l!i,s(ii to 20,500, both Inclusive. Total rcBlstered bonds,
«2,5OO,0O0. Ai-'fe'ieaatc, $3,000,000.
26.
A
I
the price bid
4iss, 1891 ..cp. 101 ^8 Mch.
4s, 1907 ....cp. 100i4JuIy
68, cur'ncy.reg. 117*4 Apr.
;
1,
V
104%;
I
68,5-20s,'67.cp. 101-'% Aug. S lOS-'M .ruiie27
2 1 1 1 1 June 28
68, 5-208,'68.ep. 106% Jim.
58, 10-10s...cp. 103's Mch. 1 1093a July 'JO
Feb.
23 107"s July 30
.5s, fund., '81. cp. 102%
We
Aug. Range since Jan,
lOl
"
Mo
ds, 1881. ...cp.
68, 5-208, '65.cp.
—
July Aug.
103
'•
I
L'Dlted States Bonds. The business in Government bonds
continues very active.
The subscriptions to new 4 per cent bonds
are large beyond precedent, and the banks and other leading
have
ilers are crowded with orders from all quarters.
retofore observed that every sale of these bonds and the corresponding call made for five-twenties stimulates new subscriptions
by un.settling all the holders of 6 per cent gold bonds, and thus
Subscriptions are made for
the business re-acts upon itself.
|5,0C0,000 4 per cents the Secretary calls in $5,000,000 of fivetwenties of 1860; the holders of $310,000,000 five-twenties of
1867 (now nearly reached) become uneasy, and holders of $30,
000,000, say, proceed to change off their bonds immediately; this
makes business active, and as there are very few bonds coming
from abroad, the new 4 per cents are taken freely.
The Secretary of the Treasury has issued the sixty-fifth and
The sixtysixty-sixth calls for the redemption of 5-20 bonds.
fifth is for $5,000,000.
The principal and interest will be paid
at the Treasury on and after the 5th day of November next, and
interest will cease on that day. Following are the descriptions:
:
Au«.
"
Lowest.
Dec. 1,704,800
luc
193,600
Dec. 2,155,200
luc .
200,500
.
ici-.-'-
fund., 1881. .coup. q.-Feb.;>I"
class of
1876.
Aug.
lo'.'^
lo.' >10.,Ih
.5«,
The range
539,800 $249,767,800 $232,756,300
14,133,800
20,126,000
13,007,600
15,585,300
219,166.600 226,179,800
54,262,100
60,333,300
Lonnii and die. $238,096,200 Dec.$
Specie
1877.
Aug.
H.
m fotlow*:
18«8...reg.
•107>a •107'd 107'«
5-20S, 1868 .coup.
-nm -loi) I' 108
Ill'
10-408
reg.
8.
10-IOs
coup.
8. Mc
fund., 1881.. .reg. Q.-Fcb. 1"
.5-20S,
nres-siiin in tin'
'
5.
10_'>...
5-20», 1«63 eouii.
5-20», lHi>7...reg.
5-2IK 1867 .coup.
'
stwU market, and tlio continued heavy Bales of
United States 4 per cent bonds, have been the chief matters of
The subscriptions to tlie now
interest in NVnll .street this week.
loan are still very active, and the number of purchasers of small
amounts is as largo as ever, indicating the pojjular character of
holdings of these 4 per cent bonds. There has hardly boon
h a spontaneous jMipular movement in subscribing to a Uovern,iut loan since the 7-^0 notes were negotiated by Jay Cooke &
'.>.— and tlien loyalty and the desire to get a high rate of interest
were both worked upon by the astute agents to induce the people
But whether in 4 per cent
to come forward and take the loan.
bonds or 7-30 notes, the principle is the same, that it is an unmistakable benefit to have the Government obligations widely distributed among a large number of holders of moderate amounts,
-- the number of citizens directly interested in having the Ooviment credit fully maintained, is to that extent increased.
Money remains without change at 1 to 2-i per cent on call,
according to the collaterals furnished. Prime short-date commercial paper sells at 3@4 per cent.
The Bank of England statement on Thursday showed a decrease
in specie of ,€180,OUO for the week, and the discount rate was
left unchanged at 4 per cent.
The Bank of Fiance showed an
Aug.
l<>7Hi,M07«a|M07'«*I07Hi
107'gi'107<a 107«aI*10T^'
J.
J.
J.
J.
J.
J.
J.
J.
6s,
6»,
6«,
6s,
6s,
58,
5s,
58,
.
11
FRIDAT, AITGVST », I8T8-S P. HI.
The noney market and Pluanclal Situation. — Furthpr do-
""a'-
Au(.
1891
rcg.| Q.-Miir.
coup. O.-Mar. *ln
I'as, 1H91
1007
reg. Q.-Jan. *loo .
4»,
4s, 1907
coup.! y.-Jan.,*l(MiV
6s, eiir'c.v, '95-99 reg. J.
J. '120-.,
IiiKiiruuce.
Aug.
A
&
ic
J. A
J. &
J. A
J. A
J. *
M. &
M. &
rog. J.
4>fls,
Railroads.
it I'ittsliiiri;. Riiar. (qaar.).
1881
1 88 1
coup. J.
68,5.20s, l«03.,.reg. J.
:
Name or CovriMT.
Y. Btmrd h*y« been
ff.
Intereat
Period.
The
doTclaml
1
..
30
83
July 16
June 10
90 .Tolyll
10858 June 28
I13>3 June 15
103*4 May 31
102% Mav 25
110*4 June 24
116*4 July 8
112*4 May 27
112
120
122
July 3
Apr. 29
June 80
102*8 June 27
121*9 June IS
M
109% May
108% June as
105 *« July 9
THE CHRONICLE.
142
—
and Kllscellaneoua Stoclca. The stock market
continued tolerably active in the early part of the week, with
varying fluctuatio"ns, but during the past two days has been
remarkably dull, with drooping prices. The granger stocks conBallroatl
tinue to be the weakest in the market, and today 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 falling off in the "yield per acre would still leave a crop equal to last
Some
year in bulk, although the quality might be poorer.
remarks upon this subject are given on another page, in connecThe trunktion with the report.s of railroad earnings for July.
line managers have agreed to the advance in rates, as reported
last week, and thus far all their late meetings have been marked
by an unusual harmony, which goes far to confirm the opinion
often expressed in this column, that Mr. Vanderbilt's policy
would ])robably be one of peace.
The daily highest and lowest prices have been as follows:
Monday,
Au?. a.
Saturday,
Aug.
3.
^Vedn'ad'y Thursday.
Tuesday,
Aug.
Aug.
6.
Friday,
Aug.
Aug. 8
7.
9.
Central of N.-l
Chic. Burl.* Q
C. Mil.
K
ft St.
do
Chic,
ft
pref.
North
do
pref.
C. K. I. ft rac
Ocl.ft U. Canal
Del. Lack. £ W
.
Erie
Han.*
St. Jo..
do
pref
Cent
Lake Shore
Michigan Cent
Morris « Essex
N.T.C. ft H. 1.
Ohio ft Miss...
FacincMail...
Illlncts
.
.
—WeckorMo.
Latest earnings
1878.
rtiiorted.-
West. Un. Te<
American Kx..
•30
pref.
These are the prices bid and asked: no sale was
week and the range
Total sales this
were as follows:
made
in prices since Jan.
j,
3.. IOOI2 10012:10012 IOOI2
5.- 10012 100l2'l00'2 10012
6.. 10013 IOOI2 IOOI2 100 12
"
7.. IOOI2 100i2'l00i2 IOOHj
8.. IOOI2 lOOM lOOiallOOia
9.. 10012 IOOI3IOO12 IOOI2
32\i
at the Bo.ird
1,
1877,
Whole year
1878, to date.
97,229
1,389,864
6,393,493
270,632
2,209,461
1,604,844
56.876
297,814
162,03a
76,075
207,740
^'
113,.528
207,853
2,359,097
Lowest.
Shares.
N.J
9,164
Chic. Burl.& Qiiincy.
870
Cliic. Mil. &St. P.. .. 140,297
do
do pvef. 97,043
Chicago & Northw.
109,755
do
do pref. 120,780
Chic. Rock Isl. & Pac.
3,260
DeL & Hudson Canal
6,825
DeL Lat*. & Western 175,820
Erie
84,720
Hannibal & St. Jo. ..
750
do
do pref.
400
.
Illinois Central
Lake Sliorc
2,305
65,037
4,860
7,444
1,938
0,940
Michigan Central
Morris & Essex
N. Y. Cent. & Hud. R.
Ohio & Mississipiti
.
.
Pacific Mail
310
Panama
111
2,800
Wab.ish
Union Paeiflc
Westcni Union Tel...
Adams Express
American Express
United States Exp.
Wells, Fargo & Co...
18,V!60
26,891
174
172
208
115
10
.
.
Quieksiiver
pref
Total sales of the
week
Low. High.
Highest.
ISiaJan. 2 4514 July 1
6
37%
99 14 Feb. 28 114% July 15 94
1187s
3014 Aug. 9 .5478 July 8 11
43 18
67 Aug. 9 84% July 9 40^8 73 14
33 Aug. 1 5514 Apr. 17 15
43 '8
59% Feb. 9 79I2 July 11 37% (i9ia
98% Jan. 15 11912 June 7 82 12 10512
45 Jan. 5 Sg's July 10 25I2 74 k'
46%Mcli. 5 Ol's July 10 30-8 77
7^8 Jan. 5 18% July 31
458 15
10 Feb. 28 13% Apr. 16
7
1 .
2158 Feb. 28 31% Apr. 16 17
33'8
72% Feb. 14 87 July 11 40 12 79
55''8 June 29
69 14 Apr. 15 45
73%
58 "-i Jan. a 7258 Apr. 18 3558 74 14
67% Feb. 28 89 June 10 5II4 92>.2
103% Feb. 11 112 June 11 85 L0914
6% June 29 HI4 Apr. 15 2I2 11%
1458 June 21 23'8Jan. 16 1278 26I4
112 Jan. 5 131 Feb. 25 80 130
1218 June 26 20% Apr. 5
Oli^July 31 73 Mch. 20 59% 73
75 14 Feb. 13 951s July 22 56
8458
98 Jan. 8 1051a July 25 91
105
46 Aug. 2 52% May 8 43 14 60 14
44 Aug. 7 51% Feb. 25 36
59%
8210 Jan. 7 95 June 5 81
90
13 July 2 19% Feb, 25 13
24
29% Feb. 5 37 June 15 19'. 45
•'.>
in leading stocks
^7,778,000 $1,402,246 $1,106,329
5,024,000
817,100
813,000i
8,450,000
907,400
907.686
9,617,000 2,143,468 2,171,805
7,305,000 1,004,869 1,010,230
7,336,000 1,061,500 1,066,860
week IOOI2 lOOia'lOOia IOOI2
$46,1 40,000
w'k IOOI2 100l2'100l2 IOOI2
100%' 102781 IOOI2
38,415,000
Pi'ev.
Lake
west.
Shore.
12,190
20,975
18,670
21.770
14,950
21,200
West'ru
Uuion.
13,200
9,724
19,000
10,823
5,790
6,500
9,376
4,950
6,265
2,900
1,600
1,800
St.
22,500
30,270
20,410
27,682
19,635
19,800
Erie.
8,100
28,795
18,850
8,700
10,375
40,400
61,400
28,920
16,400
11,900
16,800
2,000
3,589
1,275
700
400
1,200
Total .. 109,755 05,037 26,891140,297 84,72o'l75 820
'1164.
Wholestoek. 151,031 494,665 4101734 1541042 780,000l52.t:000
206; Joo
The
total number of shares of stock outstanding is
last line for the purpose of comparison.
latest railroad earnings
and the
totals
.
^(d;t%r™l"8^r'nf7f
—
rate.
In domestic bills the following were rates on
undenuentioned
at the
;
Aug.
60 days.
9.
3 days.
4.87 ®487'a
4.86i2®4.87
4.85 ®4.86
.
4.84%®4.85i2
5.18%®5.1558
5.18%®5.1558
5.18%®5.1558
4018® 401i
"
9518® 95%
9518® 95%
5.20=8^5.1818
5.211435.1818
5.2058^5.1818
39 '8® 40
Antwerp
(francs)
Swiss (francs)
Ainsterdaui (guilders)
Hamburg
94i2»
94I3®
941a®
941a®
(reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
Boston Bankii._The
from Jan.
1 to latest
--Jan.l to latest date
1878.
1877.
,
Loans.
1878
S
June 17.
June 24.
i2%;f;4,';oo
127,030,'; 00
July 1.
luly 8.
July 15.
July 82.
July Ja.
Aug. 5..
138.6JI,701
12>).849,00a
130,70 ',900
131,l.'i6.200
1.30,tB-3,600
131,.'i8T,:MO
Phlladelpbia
94%
94%
94%
94%
95%® 95%
95%® 95%
following are the totals of the Boston
Specie. L. Tenders. Deposits. Circulation. Agi- Clear.
$
Loans.
, 187B.
June
June
July
Juy
17.
24.
1.
luly
8.
15.
July
July
Aug.
2J.
29.
5..
«
57,542,32"
67,104,069
56.906.372
57,417,5^1
67,540,3:i6
57,701, :i52
57,582,408
57,8:j6,b7S
t
i
3.890,900
6,3!4,30fl
2,(177,400
6,681.600
«,675,100
5.91-,80a
5,461,400
5,88i,600
6,511,900
5,89'), 100
8,633,800
2,451,900
8,48S,0(iO
3,3-,3.4:0
3,011.-iu0
2,914,200
Bank s
are as follows:
.
.
New York
Savannah, buying ^ premium, selling i premium; Charleston, depressed, par @ ^^ premium; New
Orleans, commercial 3-16, bank i; St. Louis, 50 premium Chicago, 25 premium; and Boston, 6^ cents.
Quotations for foreign exchange are as follows:
cities to-day:
banks for a series of weeks past:
•-••• *ISO,000 $187,142 $1,828,383 $1,223,813
....
301,256 312,928
120,094 128,009
761,810
756,118
Bur. C. Rap. & N.Jiily .. ...';
95,007
73,309
888,538
.501,958
Burl. &Mo.R.in N.May
14.5,754
56,430
644,491
344.672
Cairo & St. I,«uls.2dwk July
3,986
4,895
112,072
133,161
Centra of Iowa.. May
62,842
45,355
Central Pacific... July
1,517,000 1,391,867 9,466;363 9,236!.572
Chicago <t Alton .July
435,256 305,928 2,439,151 2,337.670
Cblc.Burl. & Q...jime
897,090 957,734 6,417,791 5,472,048
lf*T?f,^i;^-l"!?:.
Atl.&Ot.
West... June
Atlantic M18P.& O.June
—
—
—
—
—
—
Excliaiige. The dealings in foreign exchange have been
moderate, and rates on actual business are considerably below
bankers' asking prices, 60 days' sterling bills being done at 4.83f,
and demand bills at 4.86J. This afternoon, however, there was a
firmer feeling among leading drawers, and tliey 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
given in the
dates are given below. The statement includes the
gross earnings of all railroads from which returns can be
obtained
The
columns under the heading "Jan. 1 to latest date" furnish
the
gross earnings from Jan. 1 to, and including, the
period mentioned in the second column.
EARNINGS.
—
—
—
—
—
—
—
Paris (francs)
i',900
$553,008
are quotations in gold for various coins:
®.$4 89
Dimes & I2 dimes98118
98 a
98I4®
Napoleons
3 88 ® 3 97
Silver i4sand las.
98%
94I3
X X Reichmarks. 4 75 ® 4 80 Five francs
93 ®
90I2®
X Guilders
9II4
3 90 ® 4 10
Mexican dollars..
Span'hDoubloous.l5 60 ®]5 85
English silver
4 75 ® 4 85
Mex. Doubloons. .15 45 ®15 60
Prus. silv. thalers63 ®
70
Flue silver bars
114%® 115'4 Trade dollars
9812 0'
98%
Fine gold bars...
pai:.®i4prem. New silver dollars
99 's a
par
$4 85
Prime bankers' sterling bills on London, 4.82%®4.83i3
Good bankers' and prime commercial
4.82i4®4.82%
Good commercial
„.. 4.81 ®4.82
Documentary commercial
4.80i2®4.81i4
were as follows:
Paul.
$549,833
The following
Sovereigns,
.
KortU-
Currency
Gold.
S'ee Jan. 1 10278
1877.
Week.
Clearings.
Clos,
Aug.
This
Jan.
Sales of
The
664,122
721,990
1,620,407
2,044,109
1,684,058
826,849
810,994
Balances.
Gold
Open Low. High
nmted States .
Wells, Fario..
Quicksilver
do
205,641
83,416
380,413
421,849
4,543,607
370,331
430,883
4,974,240
2,293,391
2,556,123
692,086
,
—OnThegold
Quotations.
Adams Exp
Central of
Jnn. 1 to latest date.
1.878.
1877.
^
$3,513,762
$648,000 $555, 610 $4,905,000
568,217 536 235
&
7,192
5, 639
200,058
17,386
17,,692
103,730
Dakota Southern. June
121,500
74 276
559,120
Deny. & Rio G... July
66,321
57, 097
552,,571
Dubuque & 8. City. July
April
1,127,079 1,280 881 4,699,716
Erie
88,254
66,,478
443,975
Gal. H. &S. Ant..May
110,255
93,,483
478,010
Grand Rap.& Ind.May
Grand Trunk .Wk.end. July27 147,864 147,,483 4,931,158
78,904
66,,804 2,530,079
Gr't Western .Wk.end.July26
460,698 381,,373 2,912,369
111. Cent. (Ill.line).July
106,059
92,713
854,825
do Iowa lines. July
23,106
111,477
do Spriiigf. iliv.July
'84. 726
88,597
702,904
Iiidiaiiap. BI. &W. July
23,031
21,,739
641,906
Int. & Gt. North. .3d wk July
291,634 274,:362 1,739,159
Kansas Pacittc. .July
393,000 384, 942 2,099,713
Louisville & Nasli.May
219,926 253, 125 1,475,686
Mo. Kans. & Tex July
90,.341
936,434
Mobile* Ohio.... Juno
88,,949
'91,833 117, 439
821,973
Naahv. Ch.& St.L. June
5,,530
Pad.&Elizabetlit.3dwkJuly
5,555
3,369
110.670
Pad. & Memphis..3d wk July
3, 338
June
219,024 250,,705 1,261,652
Pnila. & Erie
1,498,658 1,199,,518 5,670,426
Phila. & Reading. June
32 ,141
33,446
256,709
St.L.A.&T.H. (brs)July
290,249 277 ,320 2,159,466
St. L. Iron Mt. & S.July
237,829 193 ,924 1,747,774
St. L. K. C. &No..JuIy
17,966
22 ,840
491,919
St. L. & S. Fran. .2d wk J'ne
11!,591
8.200
308,496
St. L. & 8.E.(St.L.)2d wk July
11 ,488
do
(Ken.).2d wkjuly
5,974
176,114
do
(Temi.).2d wkJuly
2,300
,970
88,204
46,734
285,113
St. Paul & S. City. June
40,,442
Scioto Valley
July
28,176
145,890
'21',
Sioux City & St. P.June
29,954
,450
179,764
Southern Mmu...June
,53,624
.373.983
35,,781
ToI.Peoiia& War. July
705,016
91,974
74,,359
Wabash
JiUy
374,592 300,,027 2,561,982
price of gold has been steady at 100^
loans the rates are flat to 1| per
Cent for carrying.
Silver in London is quoted at 52Jd. per oz.
The range of gold and clearings and balances were as follows
Panama
do
18 77.
Chic. Mil. & St. P- July
Pac. June
Chic. P.. I.
Clev. Mt. V. &D..3dwkJuly
Tlie Gold OTarket
for about two weeks.
Wabash
Union Pacific.
*
[Vol. XSTII.
— The
t
6I,5T2,9C0 28,627,600
5i.166.100 25,372.700
52,775 300 25,043,400
53,-«!.000 25,.i61,400
52,285,800 25.339.200
52,095.600 25,297,600
51,669.400 25,045,500
51,906,700 85, 143, too
t
40,871,375
S9, 188,868
42,626,701
51,573.489
47,130,751
41,821.118
3;,I41,879
37.181,491
totals of the Philadelphia
Specie. L. Tenders. Deposits. Circu'ation.
-
banks
Agg. Clear
t
s
t
1,810,592
12.074,595
13,166.808
12,726.831
13,617,761
44,900,053
44,908,901
45,647,430
11,049,673
1 1,006,979
11,001,126
29,162,252
45,931,7.')2
11. 05 V 863
3:3.380,691
13,6iX),498
46,419,105
46,088,238
46,127,426
46,i08,675
11,075,562
11,118,080
11,1^3,381
11,136.613
32.262,571
30,692.010
l,7fl9,5S5
l,89-i,i57
8,165,605
2,131,i77
2,088,963
2,122,989
2,28 -,860
13,413,067
13.750,039
13,729,614
S
t.
31,067,892
:30,667,9:8
2t,e:i0,609
29,494,324
August
THE CHRONICLE.
10, 1878.J
New York
iUly
Bauks. — Tlio
Loaim and
CaplUl. Dlwounts.
Not
Legal
Circula-
Tanden.
Deposlta.
tion.
S,0(»,000
«,i&o,ouo
9.000,000
g.QW.SOO 2,309,600 t.STO.WO
4*5,700 1,t3i,000
B,»l,100
6,7W,I00 1,1»I,!KX) 8,806,00)
10,181,800
Mcchaulcit'
9,ooaooo
981,900
Union
America
1,900,000
3.000,000
l,0i0,000
1,000,000
6 0.000
6,413,600
8.E97,«00
7,069.000
9,104,000
4,149.600
3,178,00)
1,164.500
4,741,000
8,221,200
7,110,900
1,794,000
5,744,400
1,858.800
1.342,800
40,000
7,500
98,000
169, SCO
132,500
300 000
9,9»4,M0
!"xcll. 1.000.000
3,439,500
3,891,600
1,311,000
1,890,000
Spoclo.
«
New York. ...
Hauhstinn Co.
.Merch'inls'
..
,.
Pliivoix
Cltv
l.OCOOOJ
TnuUemcn's...
Fulton
rh.-iiilo^'
ional 1,900,OJO
Drov.
600.000
x Tr. 600.00J
900.000
.laifrs
600,000
>i\ I'litri \> urd.
300,000
Slate of N. York.
800,000
AniiTlcanExcb.. 5,000,000
Coiniuctco
5,000,000
Bro;\dwftv
1,000,000
MiTi-autlle
1,000,000
Piu-itlc
499,700
I!.|MibUc
1,600,000
I'hatbam
460,000
People's
412,500
North America..
iCO.OOO
Hanover
1,1 00,000
Irving
500,000
j;)l,4fll)
2,947,900
1
Metropont.in
Nassau
Market
.
...
»IH,'100
1,719.400
13,liO.V>W
17,810,000
4,966,900
3,.i89.400
1,785,000
S,»9J,80a
2.945.100
1,293,400
1,600,700
5,on,roo
l,7»6.i;O0
8,000,0011
12,177.000
600,000
l,71t»,10O
1,OJ<',000
1,190,800
2,318,000
2,013,700
Citiz-ns'
1.000,000
St. Nicholas.
1,000,0
Shoe and Leather 1,000.(01
Corn Rrchauge
1,000,000
l,«jO.(KI0
Continenittl
Oriental
300.000
.
3,43S,70(I
3.261,800
3.(>95 (iOO
1.343.800
2,10i,000
Marine
400.000
Iinporters'JbTrad l.SOO.OCO
IB, 03(1,000
Park
2,000.0-0
500,000
30J.000
ll,O«2.:iO0
240.0(X)
B(I4.300
Ea«t Kiver
250,000
...
Maniiffs' & Mer.
lOO.OOO
Fuunn National 3.5 0,000
12,205.(500
Ceiiiral N.itional. S,0(X).0C0
7,232,000
Second >;ational
1,8I7.0(;0
Mech. Bkg.Ass'n
Grocers'
North
li.vor
SgSoOO
537.100
740,800
301.100
.
SOO.COO
75i,r0O
500,000
.
Xintl) National..
Fir-t SatioLal...
3.137,300
7.C62,3C0
4,201,800
Third National.. 1,00 '.OtO
N. Y. Nat. Exch.
30n,i;(iO
Bowerv National.
GeimanAmeric'ii
Total
The
8'.A,00O
8,727,0
177.700
293,-iOO
lB-t,10a
»J8,700
1,896,900
1,030,700
M2.(X)0
175,000
285.000
163.100
878,100
281.000
Dec.
23.
30.
221,700
91,000
9,5U,500
6.
20.
27
4.
11.
18,
2S.
-
June
Jane
8.
29
t
t
32,379,400
33,326,400
37,116,900
39.545,900
39,687,500
88.767,600
»3,<»7K,?00
33,1.57,900
210.891,600
19,806.900
19,838,500
19,885,100
19,910,700
289 487,491
213,93:),400
19,»0(;,300
373,711,072
859,353,328
35,486.900
35,935,000
3,585.100
.34,933,800
22':l.!*36,400
30,051,900
232.030,700
233,122,600
a7,4«l),500
36,435,300
38,612,000
41,080,100
44,025,900
47,248.000
47,810.400
49,502,900
52.466,000
53,996,300
."6,620,700
23,030,200
19.827,100
17,001.200
16,801,200
17,106,2
15,069,700
16,311,900
232,720,200
286.510,000
284,120,100
286,195,500
28S,636,00O
238,090,200
.
Jnly
Jnly
6.
13.
20.
27.
Ang.
8.
"
QUOTATIONS IN
Deposits. Circniation. Aijg. Clear.
t
334,K39,10<)
234,7. .3,700
22.
Tenders.
I,.
$
331,049,400
236.182.!03
Jon. 15.
lOj.bOO
i
23.3.997,200
I.
Inc..
|
30,055,900
30,320,200
29,005,700
29,425,400
56,637.000
28,666,100
32,186.(00
241,590,900
240,t49,100
230,018,400
232.113,400
38u,801.500
13.
200,500
Specie.
241,.5i;«,7O0
Northern or New llainpahlre
Norwich A Worcetter
Ogdenib. A L. Champlaln ..
do
pref.
Old Colony
Portland Bsco A Portsmouth
Ptiotdo A Arkinaas
Pllll.AR.n.AI deb. 7t. cpi.oll
3O,4J(',000
53,0.06,300
2.',048,600
!S5.658,.30(1
22,001,600
19,695,100
57,543.900
17,99(1,800
58,610,100
58,4(!..600
315,155,900
215,085,100
211.938..M0
210,378,400
400,609.680
377.110,111
a04,(.6!i,200
201,926,(,00
19,9.59,200
381,415.325
202,053.400
200,875.000
199,074,000
201,038,000
199,686,100
198,985.300
199,867,900
iei,S7I,60O
Sai,785,i00
19,982,100
20,021,800
419.3111, :W9
do
do
do
do
do
do
do
do
Pittsburg
C 'mden A
SaCURlTIKS.
BOSTON."
aartford
rs
i!:,!i,r»iiire«8
^\i^.:.''
A
\
11.,.'
fe-...
;r.
:
.
'
Uo--,,
.
-sSj, gold..
.rrency
4 Tcpcka
„
do
do
do
land EraDt7e'
land Inc.
78
68
ft i,oweinB
4 Maine 78
p<wion& Louell 68
boaton
A
<k
„
do
do
Mo., land srant 7«
Nob.Sa, 1S9I
Keb.88,1383
Passnmpslr.
68
.
.
do
do
O'onn.
103M
ft
PasBtimpslG
(New
Kan. Cliy Top. ft Western..
Manchosier ft Lawrence
NasbuaA Lowell
Kan. city Top.* W., 78. 181
do
do
78, Inc.;
Sew Tort A New
...i
t
Ex
rights.
Bngland..
»
,^
6s. coup., '89
68, '89. ...
in. 7s, g.,
1903
21ni., 7s. cur.,
'80
chat, m., 10a, '88
do
do
new 78 '.890
Connectlnr 68, 1900-1904
i(^
'
,
Br.,l8t.7B. 1905
do
do
98% 100
do
6s,
North. Penn.
Ist
m.
p., 19
m.
3
do Ist ui., 1890, J. ft J...
do 2d in., guar., J. ft J
do 2d in., pref
do 2dm..gr. by W.Co.JftJ
do 6s. :id in., guar.. J. ft J.
A
18S
4
1233
74S
lOSXUiB
»n4
Ham. A
110
105
110
85
100
107
no
93
Ind., 7s,
A
guar
Indiana :8t m.78
do
2d m. 7s, 'i7. ..
Colum. A Senla, lat m. 7s, '90
Dayton A Mich. Ist m. 7s. ^1.
do
2d m. 78. '*4.
do
3d m. "8. '83.
Dayton A Weat. Ist m., '81... t
do
lat m., 19U5
Istm.os,
do
91^100
100
...
108
6s, cp.,'85. 107)i
.905
ft Laf. Ist m. 7s
(I.AC.) lslm.7s,'88
do
Little Miami 63, '83
CIn. Ham. ft Dayton stock.
Columbus ft Xenla stock
Dayton ft &llchlgan stock
8. p.c. st'k, guar
do
Uttle Miami stuck
liOtllSVILLE.
LouISTllle 7s
6«,'S3to'87
do
»e,'97to'94
do
do
do
do
do
113
10IU 100
104M 100
73
80
84
8i)
Sh
131
41
46
liex
i:6t<
58
131
A
m
In default of Intere't.
110
19M
96
81
37
05
70
97
78
104
106
lOvj)^
'&
98
00
100
a7
x78
98
90
t
t
t
water 6b,'87 to 'S9 t
water stock 68,'9i.t
wharf 6a
1
spec'ltaxSsof '89.t
(•2
88
80
15
98
"M
100
ISM
too
2S
86
88
88)« 90
IOO
103
95
95
96
US
93
95
97
97
97
97
117
97
Loal«vl1le Water 6s. Ce. 1907 i 101), 102
Jeff.M.Al.lBtm.(IftM)7s,'81t
:04»t
—
Louls.A Kr'ic..Loul8V.ln.e«,*8
100
Loulsv. ft .Nashville—
t OJi
»7
Leb. Br 6a,'S6
lalm.Leb.Br.Ei..7B.'ao-«.t 95!. 97
6s. '*)..t 06), 97
Lou.m.
do
lot lin4W
Conaol. lBtm.7s, '98
1091K 108
!Ua)«llOI)i
1(M |104)t Jefferson Mad. A Ind stock. ....
Louisville A Nashvl'le atock. 36
ST. LOUIS.
'
•
St
114U
48-.49,
do
d>
do
24 m.. 7s, p ,1)3
debeu., cp., 'S3*
do
do
cps. off
do
scrip, I8«2.
do
In. m.7s. cp.1896
do
IM
do cons.m. la, cp..l9i!.
do cons. m. 78, rg..l9'.l. 104W 105
do conB.m.6s,g.l.i9;l
do conv. 78, 1693*
do
7a, coup, off, *93
do scrip, 18SJ
Pblla.A ReaiL CA 1. deb. 7a,i'>
»*» 28
66
107
3dm. ,7a
do
84H
106
1st m. ,7s, 1906...
do
lowS
lOTU LonlBT.C. A Lex. lat m. 7s,'97.
102
paf-t-clue
.upons
c
ex
lOU
109M
Pa.AN.T.O.A RR.78. '91) 906. US
Pennsylv., lBtm.,e6, cp., '811.. 104
do
gen. m. (is, cp. 19^0 107
do
aen. m, 68. g., 1910. 108)4
Phlla.ft Eric lstm,6s,cp.,'8l
7s.cp.,'S8.
2d
do
Phlla.
Read. 1st m. 68, '43-'4.|.
88
lot
100
107
!
107«:iil8
104
108
109
99
108
104
Ind. CIn.
7«,'i-3
3d m.7B,cp.. '96.
do
do gen. m. 78, cp., 1(103
do gen.m.78, reg., 190;
Creek 1st m. 7s, coup.. '8;.
Northern Central 68, '85, J&J11O6
do
68,1900, A.ftO, '103
do 63, gld,l9C0, J.&J,
Cen. Ohio 6s, Ist m.,'90,M.ft S. 100
W. Md.68. I8t m.,Kr.,'90,J.ftJ. 107
.
g>id, "JO
gold, '95
cons. 78, '95*
78,
'2d in. 7s,
con. m..6»,r<.,!923
95
CIn.
Cln.
IthacaA Athens Ist g d. Is. ,'90
Junction iKt mort. 6s '83. ...
do
2d mort. 6j. 19J0 ..
I.. Sup. ft .Miss.. I8i m., 7',g.*
Lehigh Valley, lst,6s, cp.. IS* lOU
do reg.. 1893... HOW lllW
do
do 21 m..7s, reg., 1910.. 116H....
do
do
101
105
do
7s
t'lOS
105
do
7-30S
t;10e
108
"
do
South. RR. 7-30B.t 99^
100
do
do 6", gold t 81
88
Hamilton Co.. O.. 6s. long...t 99
do
7s. 110 5yrs..t 10«)«100«
103
do
7 A 7-309, fong.t 101
108
lOOH CIn.A Cov,
Itrldge st'k, pref. ...
TO
CIn.Uam. A U. Ist m.7s, '80 ICO 101
do
2dm. 7s, '85.. 94
97
m.
Sdm.
1880, J.AJ....
6s. 1885, A.ftO.
.
CINCINNATI
1st inort, 6^, '8t.
B. T. Itt
Ohlo6s,
do
Clu. 7s, '92, F. ft A ... 60
SO
do
2d. M.ft X
do
84.3d.J.ftJ
13
Union KU. :st, guar., J. ft J., lOS
»H
Can on endorsed. 83
do
UISCKLLANaOl'S.
Baltimore Cas certlilcatea... 100
People's Oaa
15
East Penn. Ist mort. 7s, '83
104)4
E1.& Wuisport, Ibt m..78, '80, 103)^
Se.perp
do
ft
A
N. W. Va. 8d m..guar.,'S5,J«J
PIttsb.A Conneirsv.7s.'98,Jft.)
Bait.
Mar.
Dan. II, ft Wilk8.,lst,,7s, '37.*
Delaware mort.. 68, various.
Bound
15
S
23
Cincinnati 6s
103
«4
103
102
loy
ft
ft
2
so
50
50
Central Ohio
18«
1J4U
'
Uainpshlre)..
Kllclihuric
Hi
17
123
,
Kii^i.Tf. (Mass.i
Kastern
43
Burlington Co. 68. '97. 100
CatawlSBa l8t. 78, conv., 'e2..
Drl.
•0
ItiO
Br. .50
cons.m 6 rg., 1905 95)4 '•
do
cons.m. 6s, cp., 1905. .... I..,.
do
do
Navy Tardea, rg,'ll I....
...
Perklomen ist m. 61, coup. ,'97
Connecticut Hirer
..
7f, IS9;.
new.
76«
39H
do
Parkersb'g
44
Central
iOa Northern
Western Maryland
il2H' 32)4
Oil
rlttsb. Tllusv.ft B,7s,cp..'96
scrip...
do
103«
RAILBOAD STOCKS. Par.
Balt.AOhIo
100
do
Wash. Branch. 100
!....
40
mort.
do
Cam.
'
99H101
ft Connell8vllle..50
UH\ 16H Pittsburg
NAII.U'AD BONDS.
Ist m.,68,U'02.
3d ni. 68. *Si..
3 J m. 68, '^7..
Cam. A Atl.lst
26)K
.
Concord
7'
l:K.,to
78
Kiaiern. Ma«6.,ax«.
i< ti.,
Cli-jshlre preferred
CI n, Sandusky ft Cler
oDrl.
Providence
new
Atclil on ft Topeka
nor.tonft Albany
BoBton ALowel'
BoBtonft Maine
Boston ft Providence
n2>. Burllnj^ton A Mo. In Neb.t.
!)»..
Beaton
ft
7s,
Lake Ch.Ss,.
47
Iteadng
Trenton
96
«0K
,
49>v
Camden ftAmboy 6j,coup, '8;)
31'),403.759
STOCKS.
2d7B
FUchborg
do
ft
VermoDt ft Mu8.
Ist in.7»
OMton s Albany
„ ,_ do
Joaton
conn,
Krie
. .
Chicago 1" wer»ge7»!."'!
.Mnnlclpal -«..,.
_ do
Atch.
A
••.cdensburg
82)j
canal stocks.
Chesapeake ft Delaware
Delaware Division
Lehigh Navigation
igi^
Morris
50
do pref
120
Peansylvanla
SiAuylKIll Navigation
do
pref,
Susquehanna
IIAILUOAD BONDS.
Allegheny Val..7 ;)-I0a.l395,.. 107
Jo
78, E. cxt.,1910 8'
Inc. 78. end.. '94, 25
do
Hanlsburg
Old Colony, 7s
to
Ba
Omi^lia A'S. We^^ern, ds ....
Pu'!t)lo 4 Ark. Valley. 78.
KudandSi.lBt mort
Venn'lC. l«t m.,78
*'«^rmAnt A Canada, new Ss.
25X
WeatJersey
do
91
00
.
PIKIa.Wllmlng. ft Baltimore.
Pittsburg TItusv. ft Buft
3ii
United N. J. Companies
12»Hi'27
West Chester couboI. pref
''o
I9V7
.
S9Vi
Xorlli Penucylvaula
i'yDusylviuila
PhlUclelplilaft Erie
Belvldere Dela.
2d m.«a, reg.,
(s,
7s,
BAI.TiniORE.
SIW
Ncsquehonlng Valley
Norrlstown
Northern Paclflc. pref
ft
•IN
1^.
Maryland 6a, defense, J.A J. 108 no
do
ea, exempt, lii87 ... 110
113
6<, 1890, quarterly.. 107
do
118
:s, quarterly
do
.,100 too
Baltimore 6s. IS84, quarterly, lot lis
ION
do Ca, :86«, J.AJ
109
do es,l89J, quarterly... Il0)i IIO54
do 6s, park,18«0.u.— M. 110 111
do 6s, 1893,M.4 8
112
lis
do 6s,exempt,';ts.M.ftS. in 118
do
IBOO.J.ftJ
110)j 1121
do
1902,J.AJ
Norfolk water, 8a
iiil^"*'
lllH
lOl
29
prcf
Little Schuylalll
Jilnehlll
U.
Bid. Ask.
,
Lehigh Valley
PUlladclplila
reg.,
boatAcar,rg.,l>;8
hoatAcar.rg..i9 5
Stutinehanna 6s, coup., .•.8.*
do
do
pref..
Mt. Joy A Lancaster.
Huntingdon ft Broad Top...
do
do pref.
.3fil,644,«10
SBCVKITIBB.
do
do
do
liar. P.
A
.
coop., :aiO.
loSx BcbaylK. Nar.lat mjia.rg ,'97.
Ka8l Pennsylvania
Kiinlraft Wllliamsport
390.9«,811
19,273,1300
coupon
pref
do
new pref
do
Pelaware ft Bound Brook....
Pnlladeiphla
aa P-B-.tt.
6a,
Atlantic
do
101)^
A
Morris, boat loan,
81k Pennarlranla
RAlX-nOAD STOCKS.
do
Catawlssa
ri
112
do m. co[.v. g.. r* g„*tfi 9:
do mort. gold, 'y?
91
do cona. m.7a, rg.ioi: 74
80
HO
do
78, reg. A coup.
Delaware 68. coupon
lldrrlsburg City 68.
60
ni
Dela latea,f|r.,'M
Delaware Division (a, cp.,')8. 90
Lehigh Navlgain.,as,reg.,'84 105^
do mort. RR., rg.,'11; 104
Camden County (is, coup
Camden City 6s, coupon
19.<i()i»,!100
352.707,i-;4
3.53,332,472
4 4, '.J0,015
19U.
^.
"vi
109
CANAL BOmM,
78,Wt'rln,rg.Acr>. lot
do 78, Jtr.lmp.. rcK.,'a3-S6' 60
N. Jersey 68, reK. and coup...
exempt, rg. ft coup,
do
19.984.900
19,078,(00
do
59, coup...
reir..
48, coup., 11)13
5s, reuf. ft cp.,
6s, gold, reg.
do
do
do
tstm.la, cp.,
Cheaap.
^1A
.374,3S9'l82
IS.t'itAu.l
lfl.405,100
do
68, old, reg
6b, n., rg., prior to *99
6.1, n., rg.,
over
Allegheny (.bounty
Allegheny City 7b.
V.ft Pott8T.7s, ItOI
do
lstm.7>,'n
tot
Weatarn Penn. BK. <«,ob.'.8M
PUIlndelpula, 5« reg
AND OTHER CITIES.
BOSTOSi. PflllAUELPHIA
5«, g'd. Int., reg. or cp.
Ss, car.,ro<
Bs, new. reg., 1892-1903
6a, 10-15, reg., I'OI-'S'J.
ea, 15-39, reg., 188»-'M.
it, In. Plane, rog.,1379
1(1.979,600
;«3,550.2il
376.809.115
Nashua
ft
STATC AND CITY BONUS,
19,911,ii00
19,934.200
19,823,900
218,81K,700
217,41l,f00
221,252,100
222.ia3.:a)
219,978,500
42(i,lSl),.380
Sbamokin
•tcnhenv. A Ind. Ist, (a, 1884.
Stony Creek 1st m. 7a isin...,
Sunburr A Krie l>l m. 78, V?..
PnlonATIiUBv. :Btni.7i. 'Ml.
United 14. J. cons. m.aa.**!.
WarranAF. latm.7s, ti
Weat Cheater eons. 7s, '*1
wett Jeney <a, deb., coup., "n
PHILADELPHIA.
439,525,545
361,573 637
382, 688.684
3-.l,3B4 165
339,0i2 452
20,033,100
20.012,300
20.005,800
2.15,884,100
205,965,60<}
4*I,44;,a')5
do scrip. 1«2
do mort,. 78, 1892.3...,
Wllm. ft Malt. ••. 94 ., ..
PItU. CIn.ft 81. Loub7s,l9nH 8^4 90
Maasachusetta..
ft
Worcester
401,59-',977
19,913,300
19,944,(00
19,998,3li0
Vermont
Little Schuylkill, l«t
.^.
Bid.
Phlla.
Kutlar.d, preferred
Penna.
3,.333,7C0
585,700
2 134,900
411,300
989,000
278,000
1,017,000
115,0. 10
198,000
761,600
2,700
10,400
362,8rj0
1,836.000
878,500
325,600
215.100
962,800
88,600
32,100
l,640,f00
493,300
145.100
45,000
200.000
1,476,000 1,0»,U(K) 10.288,000
8117.700 2,721,8(0 11,428,000 1,807,40.1
49,700
744,300
3,40). :01
890,800
610,400
.3,059,8(0
151.100
18O,C03
852,700
21,500
2,0S 1,100
432,300
1,755,100
45b!66o
196,900
670,20)
2,655,1(0
95.200
3<8,000
805,100
1,221,100
88 500
5,400
3<)l,000
1,607,800
60.000
1(i0,700
960,500
4,B05,2;iO
446,800
35.000' 652,400
1,958,100
80,900
231,000 8,901,000 10,867.000 2,067,000
322,900
1,695 600
77.800
215,80)
207.100
1,718,400
29,-MO
3,900
88,300
557,200
1,711.700
219,800
952,701)
4(15,100
74,900
391,000
315,700
2,531,000
617,000
1,W74,400
435 OOO
88.800
4,700
(W.3,800
25,3)0
2,790,000
742,300
1-1,900
1,131200
17.S00)
IIX.OOO
348,00
1,980,0,10
347,666
1.13«,400 8,340.100 17,633,100 1,103.600
251,200 3.635,7tXI 13,.329.9)0
640,000
I95.()00
21,100
512.100
302,500
171.100
.3.800
507,800
S6,ir00
140,100
096,200
13'i,400
18,5(0
5«4,1C0
97,.TO0
1.700
108,600
403,1(0
724,900 8,597,000 11,495,400 1,064.501
•213,000 1,5.'0,000
8,604,000 1,;W 4,000
817.000
2.1S3,0C0
205,0.10
64.100 1,240.200
3.409.50O
541,800
797,900 1,604,8mO
8,75'),0(X)
45,0(0
1 132,800
2,t03,30O
6,35!,60iJ
707.700
21,100
218,000
77i,9:1;)
269,000
15 000
245,000
867,700
210,800
320,700
1,19),40U
180,000
109,700
613,100
1.966,300
218,.SO0
Circulation
1,704,8
Inc.
24!,659,I00
246,456,200
216,320,£00
242,978.900
2.
9.
16.
awn;itTiu.
71,6CO
are the totals for a aeries of weeks pi-t:
Loans.
»
23.
,
I98,(KM
815.200
1,100
:
1878.
Jnly
July
«,MI).900
1.19(1,700
1
The following
Jm.
Ion
,
1,106,700
1,850,600
BM,40D
4,rOO.IK)0
"
8,sn,3l0
64,625.2)0 2.38,O9(i,2O0 17,990,800 58,610,100 219,978,500 19,273,600
Specie
tegal tenders
May
May
May
'
May
1.01,8.900
843.MXI
STS.SOO
deviations from returna of previous week aro as follows
...Dec. $5 9,800 Net deposits
Dec. $2,l."5.2rifl
lAans
Feb.
Mar.
Kar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
•.,127.1)00
250.000
2 O.IMO
750.000
New York Comitv
•OOBITIU.
:
,
,
Barks.
BOSTON, PHILADEIiPMIA, Rtc-Oontlnae^.
folIowiDK HtatemuntsIiowB the
New York City for the week
on A.ag. 3, 1878
AYERAttl A¥OUMT OF
con<litioD of the ARBOciated Bunka of
entiiuc at tbu commencement of buHinesa
143
t 10»
St.Loula Sa.loeg
wuter«a,gold
do
f 103)4
ao ncw.t 108)4
do
do
bridge aDpr., g. a, t^lO^X
do
renewal,
rat, go
(old, ia.tilL^
do
GO
St.
aewer,. g-
*•, ••.•2-S.t
LoDla Co. new parK.g.ts.f
cur. 7a
do
t
St.L.A8an F. Kit. bda, aer'a A
do B
do
do
do
do C
do
t
And Intereat.
THE
144
(CHRONICLE.
[Vol. XXVir.
Prices represent
quotei on a previous page.
U. 8. Bondi and aetite SaUroad Stocks are
^
NEW YORK.
QUOTATIONS OF STOCKS AND BONDS IN
tJie
per cent value, whatever Vie par may
le^^
STATE BONDS.
Bid.
sBCtrxmss.
AlUMm*
a
do
do
do
do
do
do
do
do
do
Michigan
do
do
8
Missouri
u.vm.
4S
43
ISn.
<t3
8a,
8<,M.*E.RB..
g
8
9a
20
«0
M, Ala.ft Ck.K.
MOTISK
Mot 1W3
4o >.L.K*
2o ,t Mwnplita <t L.K.
So ?i,L.i{.P.B.*N.O
do M, MIW. O. * K. K.
do ;•, Ark. Cent. KK...
Ft.B.lM
Connecticut
e«orila««
78, new bonds
do
Is, endorsed. ...
7b, gold bonds...
te, coupon, lff79. .
vn
Warloan..
101
do
do
QllBOta
do
101
lOShi
—
7b, Penitentiary
68, levee
8b, do
bs, do 187S
8s,o{ 1910
'
KoUnckjii
M
1878
1887..
iw
Aprll& Oct
Fundln? act,
isio
IStior'BS.
101
104
101
..
1388.
isn
1838.
10154
106«
..
Special tax. Class
do
Class
10S«
.-
103Hi
1
i
-^
2
ClaBsS
do
LandC.
LandC,
104
Otilo68,18Sl
110
...
14
21
20
30
40
40
38
1866
J.*
1339,
1889,
J
A. 4 O...
780« 1888
Non-fundable bonds ..
T mneasee 6s, old
do
6s, new
do
6b, new series.
Virginia
9
'S4Js
34H
1S66
186"
do
consol. bonds
ex matured conp
'28)1
6B,conBol., 2d series
6b,
m
2>»
33JA
21
21
21
old
Ss.
new bonds,
6a,
5e,
68,
6b,
»
8
*0
104
105
..
li)4
70
50
10
9
8
do coup, off, .1. & J
do do off, A. 4 O
funding ant, 866
1868
do
N'ow bonds, J. ft J
do
A.
'9 J....
:::.
'-m 18
A.& O
do
1.4 J
S.C.KB
do
.. ..A.&O
1(16
'93-4
.
.
!^orth
100
OhIoSs.1888
R loile Island 68, cp.,
S)ath Carolina tis.
Jan. * July
.
5b,
68,
loiH
...
113
do coop..l
do loan...'
1891.
do do
i892.
do do
do do
Carolina—
6e,old.J.<cJ
6j, ;87S-7»
<s, 1883
7s, 1890
es, due 1S73
1889 or
go!a,reg
n,
74
or Un..due 189.i
Funding, due 18M-5
Han.&St. Jos., due 1886..
do i8in..
do
looK
«fl,
?8,Bman
do
do
do
do
do
—
M, Canal Loan,
82«
consolidated
7s,
do
do
do
do
do
Asylum
lOS
m
Cfl
8«,new
68,new float'gdeot.
SBCUBlTiKS.
ABk.
New Tort State—
60
60
50
50
60
CO
SO
L^nlalanaCa
"Is"
Si, ina.
i*.t8W.
do
do
do
do
do
do
Jo
Bid.
BXOnaiTIBS.
Atk.
deferred bondB
Columbia 3-65s, !9i4.
Bmall
do
reglBtered
do
D. of
4
SlJi
8154
mi
RAILROAD AND BHSOELI.A1MBOU8 STOCKS AND BONDS.
'
Kens, ft Saratoga, Istrej.... ilia
115
Erie, lat mort., extended
iMOiroad Slocks.
Albany
&
Snsquehanna...
2d do
Sd do
4th do
5th do
80
Burl. C. Kap. & Norltaetn.
Central Paclflc
Cblcago & Alton
pref
do
102
Cleve.Col. Cln.il
Cleve. * PItuburg, guar..
Col. Chic. * 1. Cent
Oabnque A Sioux City.
.
23« 24
81
4
67« 70
btepref
Eviem
*
81
iS9
Chicago
Joliet
Pacific
XiOOff Island
W. &
Pitta. Ft.
do
do
BOnaBelaer
guar.,
Cfi.,
Clevo.
do
(L
niscel'oaa Stocks.
do
do
do
do
do
S9H
Ohio
SiOH
*85
m..
ex coai.
Chicago ft Alton 1st mort.
do
Income.
6s, Isi
At>
Jollet
& Chlcsgo.'.st m.
Paclflc
do
do
ils^
Ch.Rk.l.ftP..s f.lnc.6s,'95.
68,1917, coupon
••,1917, reglst'd
Central of >.
do
108H 108H
m.,'90
do iBtconsol..
do
Bsented
do conv
do aseeuTcd.
do
do
do
t
Lehigh
do
W. B.con.guar
ft
do
Am. Dock
do
assftrted.
ft
imp. bonds
do
iBsented.
112
84
71
ii2«
80
90
'^
45
60
4D
BO
7tf
'65
50
58
(16
Ch Jlll.ft St.P.'.Bt m.Ss.P.D H89< UH
do
do
do
do
do
do
do
do
do
CMC.
ft
1886
2dm. 7 310, do loa^i lOtf
lBt7s,tg.,l{.D
104
lstm.,LaC.D.
108X 108
100
100
lBtm.,H. ftU.
iBtm., C.ftM.
lOOk'lOl
consol.slnk.fd
Vd m
N. West.alnk. fd
:iSJ'*l
do
do
do
do
"^
let m.. 7s, I'd gr., '8
107
KR—
Chic. Istm.
m.
3dm..
do
do
do
do
2d
Pitts., consol..
.
ft
tl04
Peninsula. Ist m., conv.
Chic, ft Mllw., iBt mort tios
Winona ft St. P., Ist m. 100
do
2d mort. !85
C.C.C.ftlnd'8 1st m.7B,SF. 10»K
do
consol. m.bds
DeL Lack, ft West., 2d m. lOBH
do
102
7b, conv.
inert.. 7a, 1907 106
rr. Blngb.ftN.T.I>t,!B
onrls ft luaez, lat. m.
nsH
do
2d mart.
105
do
bonda, 19O0.
.
Sdo
do
do
__, ^ do
conatmct'n
7s,
of
1871
Ist con. guar.
DsLAHud.Canal, 1st m.,'8<
do
do 1891
do
lat extended.
do
conp. is, :e»t
reg. ;a, 1894
. „. *0 ^
Alosnyft Soaq. lat bda.
do
.d uo
8d do
«1A ipt rons. ffuaBona, ft Saratoga. iBtcn
do
'
105
115
108
"46
107
84i«
107),
105
119H
108
85
B7
103
92
oeja 100
lOU
101
101
102
104
103)4
1(U
rncc nominal.
do
do
2d mort., pref..
'lid
ToL ft Wabash.
mort. Inc'me
Oreat Western,
1st
1888..
do
ex coupon
do
2d mort.. '93
do Kx ft Nov..'77,coup
Qnlncy ft Toledo, 1st m., '90..
do ex mat. ft Nov.,'77,cou.
Illinois ft So. Iowa, tst mort
do
ex coupon
Han. ft Cent. Missouri, 1st m
Pekin Llnc'ln ft Dec't'r.lst m
t
And
g.
•
Connecticut Western let 7s....
Dan. Urb. Bl. ft P. 1st m. 78, g.
107)4
.
Pittsburgh
let 78
do
do
con. m.,
78,
ft
7b.
.
40
45
101
}....
64
11
.
,">()
do
J115
accrued interest.
98X
100
do
clasB C.
St. L.ftSo'easI . con8.78,gold,'91
St. Loula Tandalta ft T. H. 1st
do
2d, guar
Sandnsky Mans, ft Newark 7b
South Side, L. I., Ist m. bonds
103
;
'.
!
'.
Carolina con. 6s (good-.
Rejected (best sort) ..
Texas 68, 1892
M.ftS
7s, gold, 189'J-1910..J.&J
J.ftJ
78, gold. 1901
108, pension, 1894.. J.&J.
70
46
100
48
101
S.
75'
66
tl02
in»
tllOX 111
tll2
tlOl
115
102
07
101
CITIES,
Atlanta, Ga., 78
...
102
Augusta, Ga., 78. bonds...
Charleston stock 6s
Charleston. S. C, 7s, F. L
7a,
bonds
Macon bonds, 78
Memphis bondi C
Bonds A and B
Endorsed, M. ft
C.
RK.
98
97
62
ibis
100
55
77
05
80
95
65
86
35
73
37
37
37
20
20
1I2M Mobile 58 (coups, on)
8s (coupons on)
73)4 74)4
68, funded
98
95
Montgomery, new 5s
85
81
37
tlOl
tlOl
tl02
40
101^4
101)4
tlU)4 lii
85
21
61
111)4
lllH
'25
6s,
DCW
old
*..-'• •>••*
Orleans prera. 5b....
6d
New
-
Conso)lciHted68..
RHllroad. 6s
Wharf Improvem'ts,
Norfolk 68
Petersburg 68
Savennah
7-30
SO
95
1U5
102
68
old
78,
new
78,
j
coup
»
on.
103)4
Wllm'ton,N.C.,6B,g.
Ss.gold
101
91
52
25
37
Chatt.lst m. Sa.end.
Receiver's Cert'a (var's)
Atlantic ft Gulf, conaol..
Consol., end. by Savan'h
65
4S
20
32
42
62
35)4
88
Richmond
18
195
91
103
99
90
New
Nashville
45
63
ft
Carolina Cent. Ist m. 68, g.
Cent. Georgia consol.m. 7e
Stock
Charlotte Col. ft A. lat 7s
Cheraw ft Darlington os.
East Tenn. ft Cjeorgla 68.
E. Tenn.&Va. Ps.eml.Tenn
B. Tenn. Va. ft Ga. Ist. 78.
99
80
ibi
41
50
•53
104
60
66
6S
85
RAILROADS.
Ala.
Stock
Georgia liR.
8
20
60
90)4
91)4
40
35
30
103)4 105
46
70
54
73
1C6
85
95
90
103
101
40
ibs
1C6
78
68
3
38
6
40)4
block
.'
Greenville
78.
ft
m
Col. 76, 1st
ft
b8
6
27
20
lis
86
•20
74
91)4
69
43
25
20
2d endorsed
Stock
.Memphis ft Cha'ston
2d 78
Stock
5
ft Little Kock iBt
MisBissippl Cent, lat m. 76
Memph.
2d mort. 58
2d mort., ex coupons,...
Miss, ft Tenn. 1st m. 88, A.
1st mort., 8b, B
Mobile ft Ohio sterling 88
Sterling ex cert. 6a
88, Interest
2d mort. 88
ft Jacks, lat m. 8b..
Certificate, 2d mort. 88..
Nashville Chat, ft St. L. 78
Nashville ft Decatur let 76
Norfolk ft Fetersb.lst Jis
N.O.
m
lEtmort.78
2dmort.83
Northeast., S.C,
Ist
m.
Ss.
Orange ftAlex'drla,
93
40
78
93
mort. 78
Rich. ft Danv. lBtcon801.6E
Southwest. .(Ja .conv. 78, 's6
Southweetero, Ga.. stock.
S. Carolina RR. I8t m. 78.
l8ta,6(
ias,6s
3ds,8B
4th8,8B
Rlchm'd ft Peter8b.l8t78..
113H Rich. Fred, ft Potomac 6s.
71
27)4
•25
22
35
101
:05
97
102
83
lat 76
24
88
6
34
25
46
90
36
Augusta boada..
2d mort. 8s
'22
'70'
"di
guar
Macon
non mort
Savannah & Char .Ist
7s,
11^5
t6
111
87
65
61
50
15
105
20
108
100
99
I'O
99
94
90
106
00
86
69
103
100)4
12
96
90
95
"0
100
eo
ro. 7b
68, end.
mort. 8a
2d m.8s. guar
30
109
104
Cha'ston
10'3
60
60
43
"6
West
7
42
38
IOC
100
84
109
85
101
101
95
,
78
101
8S
•21
78,1902
&
Sav.
Ala., Ist
70
75
85
PAST
es
K8
Tenneaste Slate coupons..
32
33
South Carolina consol
87
91
Virginia coupons
98
Confol. coitr,
42
Memplile City coupons
these a.e latest quoiationa made lUU week.
do
sink. fund..
Southern Minn. Ist mort. 88..
do
78, iBt
Tol.Can. 8. ft Pet lat 7b. g....
t»o price to-day
68,' i87iJ-''89.'.V.''
43)4
ll'li
.
,
Georgia
Columbus, Ga.,
Lynchburg 68
.
do 2dm. Vb (oldm., l8tB>...
Mo. K.& Tex. l8t 78, g., l9O4-'06
do
2d m. Income...
N. I. Midland Ist 7s, gold
S.Y. Elevated UR.,l8tm
N. Y. ft Osw. Mid. Ist
do recelv's ctfs. (labor)
do
do
(other)
Omaha ft Southwestern RR. 86
Oswego ft Rome 7b, guar ....
74
Peoria PekIn ft J. 1st mort.
9(1
Pullman Palace Car Co. stock.
do
bds., 8s, 4thserle6
IIV St. L. ft I. Mt. (Ark. Br.) 78, g.
St, L. ft San F., 2d m., clase A.
3«
do
do
class B.
!
Waterworks
Isfis,
m
consols, A..
tlOl
102
tllO
lllH
tlll)4 113
tl08
. .
7s..
Kvansvllle Hen. ft Nashv. 78..
Evansvllle, T. U. ft Chic 78. g.
Flint ft Pere M. 8s,Land grant.
Fort W., Jackson ft Sag. 8s, 89
Grand R.ft Ind. Ist Is, l.g., gu.
do
do
56X
60
40
STATES.
B,5a
Ss
equip...
Crawfordsv.,
gr., 76...
(Brokers' Quotations.^
Alabama new
96
Denver Pac, Ist nr78, ld.gr.,g.
Denver ft KIo Grande 7s, gold.
Detroit ft Bay City 8s, entl.
't70
ft
1.
1111)4
'94
I. g.,notgu.
84
Ist ex 1, g. 78.
50
tlOO
90Ji Grand River Valley S», 1 et
Houston ft Gt. North. 1st 78, g.
6B
Houa. ft Texaa C. Ist 78, gold.
91
do
West, dlv
do
Waco
80
do
consol. bds..
71
Indianapolis ft St. Louis Ist 78
65
Indlanap. ft VIncen. Ist7s, gr..
77
International ^Texas) Istg....
53
65
Int. H. ft G. N. cony. 8b
10
19
118
Iowa Falls ft Stoux C. 1st 78. . +88
90
114)4
Jackson Lans. ft Sag. 88, Istm. tl02
Kal. Allegan. & G. R. 88, gr...
98
'imi
112
Kalamazoo & South U. 8b, gr.. t70
Kansas City ft Cameron 10s... tl03
4!)« 45), Keokuk ft Des Moines 1st 78..
74
15
do
funded Int. 8e
80
38
Long iBland RR., let mort. .
oa
ibo
104
105)4 LouTbv. ft' Nashv. cons. m. 7b. 108
107
60
do
2dm.. 78, g..
87)8 88
lib'
Michigan Air Line 8s, 1890
1043:4 105)^
Montclalr&G. L.ist 7s, (new;. to
extend.
m..
2am.
m
w. D.
do
do Bur. Dlv.
do 2d mort..
do consol. 7h
do ex coupon
do Istm. St.L. dlv., , ...
do ex-matured coup....
do art mort
do Kx ft Nov.,*T7, coup.
10 eaulp't bonds
do con. convert
do Kx. Aug.,'78,ft prev's
tl06
98
I
Erie
80
107
107)4
iE tUOH
110)4
u
Ist ra.
68,
111
79
109
.
Belleville ft S. lll.K. Ist m.
Tol. Peoria ft Warsaw, Ist E.D
do
do
do
do
1903.
.
.
ft
Poughkeepsle Water
Rochester C. Water bds.,
Toledo 8a. 18S9-'94
Toledo 1.308. ..
lonkers Water, due 1903
do
Income, 78.
IstCaron'tB
W.
7b
irp
no5
....
long...
Cairo & Fulton, lat 78, gold...
California Pac. KR., 7s, gold
97
with coup.ctfs...
Inc. cp. No. lion 1916
Inc. cp. No. 16 on 1916
Pitts. Ft.
1885-98
:o5
108)4 Central of Iowa Istm. 7b, gold
Keokuk ft St. Paul 8b . . . T r»
105
Carthage ft Bur. 8b
104)i
493
1045s 104)^ Dixon Peoria & Han. 86.
O. O. ft Fox R. Valley Ss. !0„
IIB
"ulncy & Warsaw 8s
;iis
Illinois Grand Trunk
llOJS
74Ji Chicago ft Iowa K. Ss
Jut
:2i><i Chic & Can. South let m. g. 7s.
120)4 Chic, ft Easl. III. Ist mort., 6s
do
.2d m. Inc. 7b.
104)4
Chic ft Mien. L. Sh. Ist Ss. '89.
98
99
Chic. ft S'thwestern 78, guar..
98
59)i 5a>4| Cln. Lafayette ft Chic, 1st
Col. ft Hock V. I8t 78, 39 years.
2d mort
Pennsylvania
174
175
104
HAILROADS.
HI'
Atchison ft P. Penk, 6a, gold.
103M
102X 102H Boston ft N. Y. Air Line. 1st m
Bur. ft Mo. RIv., land m. 78
do
convert. 88. var. ser.
84
South Pai. of Mo., Ist m
Kansaa Pac, 1st m.. 68. 1895.. }105
do
with roup. c.fs. lot)
:95
do Ist m.. 6s, 1896
wlih coup.ctfs..... t87
do
80
do 1st, 78, Leaven. br., '96
with
coup.ctfs
28
do
do lst,7",K.fti..(i.lJ'd.'9i»
with coup. ctfs..
"bo
do
:oi
101
Oswego
10^)4 loi;^ Evansvllle
Pacific R. of Mo., I8t niort..
do
do
do
t;08
various
Water 7s,
107
tl04X
do
let 76, 10 years.
do
2d 78, 20 years..
105?i 106
93Ji 9b«j Connecticut Valley 7s
Cleve. ft
s.f.
do
Int. bonds.
ijewiiooji
4tli mort
tlo
do
consol.bds
Col. Chic, ft Ind. C, 1st mort
do
ext'n bds..
do
do
2d mort
do
i'07
Ist mort.,
Rome Watert'n ft Og.. con. 1st
do
cp.gld.bds.
St. L. ft Iron Mountain, Istm.
do
reg. do
do
do
2d m..
Iowa Midland,
m. 8s.
:oe
St. L. Alton ft T. H.,l8t mort
Galena
M
Chicago Uxt
iiiojg in»i
tioa
1100
tl04
iiio
111
112>i,
do San Joaquin braj:ch
do Cal. ft Oregon Ist
t90^
do St'it« Aid bonds
103H ioV
96
u6)4!
do Land Grant bonds..
Western Paclflc bonds
102)4
J102
Southern Pac. of CaL.lst m.
Union Paclflc, let mort. b'ds losjiiioe)^
Land grants, 7b. loa 1105)4
do
sinking fund..
do
104
lBtm.,I.ftM...
Istm., 1. ft D.
Its
Spring, dlv..
1st
Kallroads—
tlO-.
J., Ist
I6tm., reg.
6s,
do
j
8
ii2J<
li2)^ 104
.
10»
«7)4
p.c.lBtm
conpol.m. 76
58 sink, funl
(j.
do
Central Paclflc gold bonds.
no5
$107
76
68, 188.S
6s, 1887
68, real estate...
68, Bubecriptlon.
ft Hudson, Ist m.,coup
do
27
725
114
La. ft Mo., Ist m., guar.
St.L.Jack.ft Chlc.lBt m. J107H
cue. Bur .ft
Istm.
Harlem, 1st mort. 7s, coup...
do
78. reg
do
North Missouri, Ist mort
Ohio ft Miss., consol. sink, f d.
consolidated
do
2d do
do
Prices.)
tI07H
Jill
let m.
equipment bonda.
. .
ft Krle, Ist m.
guar. ...
do
BST.C.R ft North., Ist 5s.
Mlnn.ft St.L.,lst 7a gua
ft
76, 1902...
88. i882, s.f.
Hudson B. 7s, 2d m., s.f.,
Canada South., 1st guar
Boston H.
Cbeb«.
State Line 7s
tlOS
tUO
Indianapolis 7-30S
Long Island City
Newark City 78 long
llOH
N. Y. Central
26«
MulpoBaL. ft M.Co
(Modt Exchaniit
Erie,
&
New Jersey Southern
PaanaylTanla Coal
Spring Mountain Coal.,..
Railroad Bonds.
new
new bonds..
bda
ft
do
do
Am. iilstrlct Telegraph...
do
pref.
Ontario Silver Mining
—
Ash., old bde
Mich. Cent., consol.
Atlantic* Pac. Tel
do
S.F., 7 p.c.
Kalamazoo & W. Pigeon, IBt
Det. Mon. ft Tol.,l6t 78, 1906
Lake Shore Dlv. bonds
Cons. coup.. IBt.
do
Cons, reg., let..
do
Cons, coup., 2d..
do
Cons, reg., 2d
do
Marietta ft Cln. Ist mort
Bt.L. I. Mt ft Southern...
St.L. K. C. ft North*n,pref
Terre Haute ft Ind'pollB
Canton Co., Baltimore
American Coal
Oonsolldat'n Coal of Md.
Unmberland Coal ft Iron.
Maryland Coal
ft
do
Buffalo
Buffalo
.
do
88
tl04)4 ib5)4
7s,
Hartford
new bonds
t
Detroit Water Works 78
Elizabeth City, 1880-1905
121
Tol. sinking fund..
ft
do
pref.
ft
Minn., iBt mort.
ft W., Ist mort..
2d mort..
do
102)4 106
109
11:
sewerage
7b, water
78, river Improvem't
Cleveland 7s, long
ft
,
do
Sontli'n Securities.
CITIES.
Albany, N. Y., 68, long
J109H iVoM Buffalo Water, long
r.o^^
Chicago 6«. long dates
do
do
do
Union ft Logansport 7a...
Un. Paclflc, So. Itr 68. »..
West Wisconsin 69,g.,new
do
{Brokers' Quotations.^
Slotix Clty,lBt m.
2d dlv.
do
do
Bellevll'.eft So. III.,pref
DnltedN.J.K.
ft
Cleve. P'vllle
«4K
Bome Warprtown ft Og.
EU liOUlB Alton ft T. H ...
do
do
Cedar K.
Bpeclal.
Saratoga
ft
Dubuque
reg
raiscellaneons List.
Central—
do
Lake Shore—
Mich 8. ft N. Ind.,
Mlsaonrl Kansas & Texas.
Bew York Elevated Rll..
H. Y. New Haven A Hart.
(Htlo& Ml"<l88'ppl,pref
Buff. N. Y. ft E, l8t.in.,1916...
Han. ft St. Jo., 8b, conv. mort.
Illinois
do
do
1083»
bds..
Indlanap. Bl.
2M
Kansas
do
do
78,1830
do
78,1888
do
do 7a, Cons., mort., g'd
do Long Dock bonds
111
110
vvestern Union Tel., iyuu,cp...
116)4
107
loa
108» 110
105i
78, 1879
7b, 1883
DUE COUPONS
15
40
15
78
SO
10
40
lu«)»
U6
25
AuonsT
THE CHRONICLR
10, 1878.1
NEW YORK LOCAL
Baok Stock
145
SECURITIES.
Insnrane* Stock List.
Llat.
(QaoUtloBS by
Surplua
CO«PA!"«'-
America'
il.OflO.OOO
Am.Kxchango
5,000.000
1
.1,
8
,2^5,100 M,*N.
181,400 J.ft J,
12
r.*'j!
'.(MNl.lMMI
..
Corn Kxcirgo*.
....
'.fllT.KKl
l.dOO.IKX)
250,(X)U
70
.ii»!
52.tHlO
13.0C0
4U,0
145,000
SOfl.OOO 1,844.000
Fourth
Fnlton
3,W0,000
(iillalln...
1,500,000
780,000
200,000
800.000
200,000
»7,«00
SOO.OOO
GermaniA"
Greenwich*.,..
UrandCcnlnU*
Grocers'
40
Hanover
..
100 1,000,000
Imp. A Traders' 100 1,500,000
SO 500.000
Irving
ICO
10
«-J.
10
id
444,800 ,«,*N,
i'a
i'a
JH
o
»72.:ooIa.*
40,700 r, & A
43.V0O May.
30,800 May.
13,600 M.&N
7
'•H
«
6
7
7
8
41KI,(H)0
I.(KKI.0(K)
a,oi'fl.ooo
1(10
KKI
Mechanics'
25
Mech. Assoc'q. 60
Mech'lcii A Tr. Zii
ICTTtMintllc
100
Merchant..'. .,
Sli
Merchants' Ex. !«)
MetropoUs".
UKI
Metropolitan .. 100
Morraylllll*.. :oo
Mauau*
100
New Yorj*
100
V. County.. 100
eoo,(K)o
i.ooo.omi
a.o()«,floo
1 ,01KI,0(X)
tcio.ooti
.
3,000,(00
100,000
1,000,000
3,000,000
200,000
S..V.N. E.Kcb. 100 300,000
ninth
750,000
100
Ko.AmerIca'.. 70 700,000
Worth Hlver*.
50 240.000
Oriental'
25 300,000
PaclBc'... ... 50 422,700
Park
100,2,000,000
Peoples'*
25l 412,500
Phenli
Prodace*
Bepablic
20
1,0(XI,000
200,(100
1001
100 1, 500,00'.
St. Nicholas... 100 1,000.(00
Sevcaih iVard. 100 3(X).(10(1
Second
00 300,000
Shoe & Leather 100 1,0<H).000
SUih
100 200,00(J
State of X. Y.. 1(X) 800,000
Third
Tradesmen's.
100 1,0:0,000
1,000.000
.
Union
HeitSlde'
i
The
1,200.000!
200,000
56,200
J.
i3«
J.
J,
'if"
8
3
6
ii
•J. ft
40,800
,r.ft
nil
•J,
J.
309,(00|.J, ft J,
694 ,20H| M.&N,
87,000 J. & J,
June
'.I''"!•'.
'78.
Aug.,
Jan.,
July,
July,
July,
Aug,
e
•luly,
10
6
July,
July,
July,
10
10
7
7
3
9
8
8
ft,
Itila column are of date
for the State banks.
May,
'78.
'78.
'77.
2W
228
335
140
85
60
2>«
'77.
'74.
8i,
'7S.
5
y,
Jan.,
May,
Jan,,
Jan,,
.May,
Jan.,
29th for the National banks,
eo
and of
Gaa and City Railroad Stocks and Bonds.
[Gas Quotations by George H. Prentiss, Broker, 30 Broad street.
QaB C0MPAKIE8.
Brooklyn Oas UghtCo
.,
ClUzens^GasUo (Bklyn)
do
do
certiilcates
Mutual, N. T
do
bODds
ITtssaa, Brooklyn
do
scrip
Va
e« York
Foople's (Brooklyn)
Central of
320,000
Var.
Var.
A.&O
50 1,850 000 F.ftA.
20
38^,0001 J. ft J,
50 4,000.000 J.& J,
100 2,600,000 M.&S,
r.
V
1,000,000 M.ftS.
100 5,000,000 Quar,
1,000 1,000,000 F.& A,
2S 1,000,000 Var,
Jersey City & Hoboken
Manhattan
Metropolitan
do
do
25 2,000,000
20 1,200,000
1,COO
eertitlcates
Bulem
Amount, Period.
Par.
.
100
10
1,000
do
bonds
do
certiilcates.
New York
Var.
60
50
Var.
Williamsburg
do
scrip
Metropolitan, Brooklyn
Municipal
100
100
700,000
4,000,000
1,000,000
385,000
800,000
466,000
1,000,000
1,000,000
1,000,000
1,500,000
J.
ft J.
M.&N,
J.ftJ.
F.& A,
Quar.
J.ftJ.
M.&N
let
mortgage
Mnadway
145
100
1,000
900,000
694,000 J.ftJ.
100 2,100,000 Q-J.
1,000 1,500,000 J.&D.
10 2,000,000 Q-F.
1,000
300,000 M.&N,
J.
100
200,000
100
400,000 A.&O.
l,(Xi0
J.& J.
lu"
it Hecenth ilve— stk..
tat mortgage
Bfvotlyn City—nlock
lat mortgage
.,
Q—
Bfoadicay (BroeJfcli/n)—stock.,
Bnot!i/n .* tlunter'n /"(—stock.
1st mortgage bonds
gmkicick Ac. (*'*/!(«)— stock,,
j.'&j!
1(K) l,Xi«
usnlr«( n., y.dt B. /«p«r— stk.
Consolidated mortgage bou'ta. 1,000 1,2IHI,1KJ0 J.&D,
100 1,200,000 Q-F.
Ort Dock, K. B. (tBatleru-tilL.
500&C
BOO.OOO J.&D
1st mortKage, cons'd
100 1,000,000 J. ft J.
BtfhtA ,ir«nu«— stock
tst mort;;age
last, it (fraiut St
1st mortsage
1,000
ferrv-ftoeti
100
1,000
...
100
1st mortgage
atuilon, v.'tsi st.<tPatii.F'i/—*ai
1st mortgage
1,000
Central Cross 'iou>n- stock.
(Vscond
^nenue—stock
100
500
100
dd mortgaue
C<iii8. ConvertlJle
1,000
1.000
JExtennlon
Ouelh Af^enue- stock
1st mortifage
'.OOftc
JVrd Areiue—stock
1st
mortgage
ltMn(|r-l/)(rd«<rM(—stock
100
1,000
100
1,000
100
1,000
*l'niscoiaiiuialiaws last dlTldend
203,000
748,000
236,000
600,000
200,000
250,000
500,000
1.190,500
150,000
1,050,000
J.& J.
M.&N,
A.&O.
•200,000
A.&ll.
*
5
A pr
145
155
8
July,— x73
80
100
80
160
,
'71
»5
70
Apr,,
Feb,,
July,
June,
Aug.,
5
3(» Aug,.
July,
Aug.,
150
180
^
May,
May,
§*< Jan,,
Ju'y,
an
Feb.,
Ml
Ju,y,
Juiy,
76
97
95
30
^
80
85
90
100
67
80
06
60
98
2Hi >lay.
25
95
68
98
140
104
1.%
Ju'y,
Oct,, '78 76
100
1888
75
55
iiy!'''
97
iU02
Aug., '78
June, '93 ibi
Ju
lOlM
^84
73
SO
TS
160
110
150
ts
102
85
60
100
86
108
y, '78
Jan., '84 idd
May, '78 115
Apr., '93 105
iVd
40
50
96
24
90
60
100
125
115
M.&N.
xov'.iooi
92«
J.&J.
Q.—
&.&0.
M.&N.
July, -94
Apr., '78
Apr,, '86
84
13
750,000 M.ftN.
415.000 J.* J.
2,000,000 Q-F.
7,000,000 J. A J.
600,000 J * J.
250,OOOl«,(*N
MlkV, '88
Oct.. '83
Maj,' '77 50
July, "90 lOS
M»T, '78 !08
July, •90 9fi
—
Aug.,^78 95
«T.
100
OB •(ofUibu the date ot uatoritrof
^
60
115
111
100
100
103
fronds.
«0-
flS
140
lOO
;2».
6
Jnlr. ."Is-" 6
June, 28.10
Aof,, Js.io
Ju'y, ^8.10
SO
SO
80
iw
80
«»
100
190
170
120
120
6
88
July, 7m,10
78, 5
July. 7«. 6
July, "7;, 8
Jan., Til- 8
July, 7,1, 9
90
20
AP.L. '78.10
18.10
14
10
July,
Jan.,
Aug.,
July,
July,
July.
July,
8
**
so
18
14
8
18
18
12
10
12
!SS
106
'7»:s
'00
110
10
ib
30
80
40
80
20
40
8
10
July, 78, 8
July,
July. '78, 5
117
140
108
us
17M Aug.,
18
8
80
15
IS
10
lb"
20
10
•20
•78.
5
8
8
'78 8
78. 5
78. 5
•8 6
78,10
'7o, 8
78 8
78, 5
'78, 5
78. 8
•78, 6
78, B
'78, 5
78.10
7H,10
78, 5
78. 8
78. 8
78.10
78. 5
20
16
20
20
ib"
10
12
30
20
20
20
20
8«
10
10
13
25
110
77.
3H
7H
20
11
14
m
iis
188
78, 5
•77.
•78.
'78,
•78,
July,
July,
July,
Julv,
July,
Mar.,
July.
80
20
10
20
20
23
80
so
i«»
4*' 6
"77. 8
J»u.,
Ju y,
July,
July,
Inly.
10
10
10
12
12
10
10
10
lao
s»
18S
July,
10
10
10
10
12
18
IS
10
10
20
10
10
20
60
ee
10
Jau
80
10
Ju
10
Ju
20
July,
July,
,
V,
July,
10
18
y,
Jny,
20
30
20
July,
July,
July,
July.
Jnly,
July,
July,
July.
10
20
18
20
14
20
17
5
•78.
'78,
20
20
20
18
20
Ju
lg«
ft
3H
5
no
ST
9»
«i
I40
108.
170
1-0
BO
136
14!>
108
165
ISO
lf6
150
65
1:8
120
240
115
125
70
70
90
150
10
5
12
78. 5
20
78.10
78, 8
15}i 18
10
Aug., 78 6
10
11-56 12 38 luly, 78.6-23
15
I7« Jlyu, '78. 6
Kt-b., '78. 5
10
10
16
Jan , 78. 7
20
July, 78. 8
25
80
16
16
July, 78. 6
10
10
Aug. •78, 5
nly. •78.10
20
20
Over all liabilities, Inclading re-Insurance, capital and
Hgurei with a minus sign before them show that
Impaired to that extent.
110
810
105
180
110
118
SO
6
•7((.
ido
100
80
60
110
110
•78,10
•77.
•78.
•78,
97
111
70
125
100
1«0
160
78. 8
'78. 5
78.10
•78. 6
y, '78.
Jan.,
July.
Jnly,
Jily.
July,
July,
90
110
8.>
July,' 'rr'.'i
July.
Apr.,
July,
July,
Jnly.
July,
lae
90
150
J..ly. •78,10
'78. 7
11
70
120
127
90
ISO
110
Aug..
10
12
50
«0
120
103
80
125
106
95
180
128
125
100
135
114
199
'.iOO
t Inclusive of
the touioany I»
scrip,
scrip.
CItr Secnrltles.
IQuotations by Dasikl A. Moea», Broker,
10
Wall Street.]
INTKRHST.
Niw
York:
lWl-«8.
Water stock
1854-57,
do
Croton waterstock. .1845-51.
..IS52-60,
do
do
Croton Aqued'ct stock, 1865.
pipes and mains...
do
reservoir bonds
lo
Central Paik bonds. .1853-57.
..185S-«5.
OD
do
1B70.
I'lS.
I860.
do
Floating debt stock. .
Market stock
18«5-SImprjvementstock.... li*9
....I86«.
CO
do
var.
Consolidated bonds
var.
Street imp stock
yar.
do
do
New Consolidated
Westchester County
.
Bonds
Months Payable.
iiate.
. .
IJj'juIy, ?» ....
7 !J^ly,1900| 98
2« July, TS "-
Bl«. Ask.
July,
July, •IS:?«i8o118
July,
Jan.,
July,
10
IS
18
10
4
10
•
Dock bonds
Broadway.]
June,
Aug.,
Nov.,
300,000 817.688 SO
800,000 10!i,48Bl4
800,000 -11,978 10
200,000 111,72815
200,000 154,5881 18M
OOJSflO 19
204,000
150.000 -13,386 10
10
87,581,18
Firemen's Tr
150,000
100
12.658
Franklin
200,000
German-Amer. 100 1,(X)0,000 720,101
50
Qermaula.
600,000 B79,»90
60
Globe
200,000 129,778
28
Greenwich,
200.000 321,187
100
Guaranty..
200,000
Guardian,.
100
83,898
200,000
HamlUon .
15
150,000 137,207
Hanover...
50
500,000 599,819
Hoinnan...
50
95,228
200,000
100 3,000,000 1,179.042
Home
25
Hope
19,185 10
IfCOOO
50
Howard...
144,783 12
500,000
108,807 12
Importers'ft T.. 50
200,000
41,245il3
100
Irving
200,000
80
Jefferson,.
200,000 t29a,081 10
199,060 20
Kings Co,(Bkn) 20
150,000
21,568120
Knickerbocker 40
280,000
162,772 20
LafayetteCBkn) 50
150,000
100
128,421 10
Lamar,. ;
200,000
25
61,864 10
150,000
Lenox
200,000 t294,768|16
LonglBl.cBkn.) 50
81,567 10
25
800,000
Lorlllard
.Manuf.ft Build, 100
800,000 201,431,10
Manhattan
250,000 2'i7, 80;14
100
200,000 272,20ll30
Mech.&Trad'ra' 25
150,000 183,521|10
Mech^lcs^(Bkn) 50
54,368 10
200,000
Mercantile..
50
200.000 170,808:20
Merchants'
50
200,000 114,801 20
Montauk (Bkn) 50
200,000 184,751120
Nassau (Bklyn) 50
115,!<36!12
National
371^ 200,000
210,000 882,!42[20
N,Y. Equitable 35
200,000 170,986 20
New York Fire 100
19,550
200,000
N. Y. ft Boston 100
50,864 10
300,000
New York city 100
600,000 432,403 10
Niagara
50
125,671 12
,330,000
North PJver.... 25
200,000 418,974 80
25
Paclllc
200,000 10H,600 20
ICO
Park
150,000 207,114 20
Peter Cooper... 20
112,290 20
150,000
50
People^s
Phenli (Bklyu) 50 1 000,000 656,819 15
11,261 8
200,000
Produce Ezch. 100
61,535 10
200,000
60
Uellef
800,000 t33,061 10
100
Kepubllc
73,072
11
200,000
100
Kldgewood
200,000 209,231 20
25
itutgers'
800,000 119,037 12«
100
Safeguard
19.411 10
200,000
St.lflcholas.... 25
200,000 169,443 11-6
Standard
50
1B2,( 22
300,000
Star
100
1§«
54.227
200,000
Sterling
:oo
200.000
150,216 20
Stuyvesant
25
181,242 20
150,000
Tradesmen's.... 25
237,990 16
250,0(10
United States,. 25
196,307 10
800,000
"Westchester.., 10
414,028 20
•250,000
Willlamsb'g C
50
185
18S
104
78
102
130
103
72
95
72
93
90
20
80
70
July
M.&N,
M.&N. 4
[Qnowtlons by H. L. Grast. Broker.
KMCter St.<t Futtontarri/—ni.
iS
Date.
10
8S
18
10
»
10
80
SO
80
80
80
80
10
10
88
980 1148 1880
l,000,00t 1,006,819
.
75
78. 2M 121
78. 3
»0H
78. 4
78, 3
74. 3^
78. 3
77. 2S»
77. 3
78. 4
78. 5
78. 3
78. 3H
78. 3
78. 4
78. 5
78. 4
Jan,,
July,
Ju
4^
4
3
3
Aug,,
Aug,
J
M.&.N.
195,J100
'77,
July,
12
1,(100
316,100 F.'&A.
162,000 F.ftA,
49,100 I, ft J,
61,100 I, ft J,
20.<,S00
3
8
,
Ian,,
4
F.&A,
24,100 J. ft J.
29,500 .),& J,
80,000 J. ft J.
165,800 ;.& J.
219,500 Q-F.
243,200 I, ft J.
155,00(1 I . ft J
141,7(10 J. ft J,
figures In
ute Jiue Zid
ft
I,*
80,10(1
7B,'i00
•7-(.
3
3
120
July, 77. 3
Jan., 'Kl. 3X
'78,
July,
5
120
July, '78. 3
May, '78. 2St 80 "as
July, '78, 3M 1055<
8
8
A,&0,
M.&N,
90,tl00
747,()!1C
76«
Mny, '78. 5
Apr 78. 3)i 112 !'.8
Fell., •74. 3
82^ 88
May, 78, 8
May, 77. 9
May, •78. 3
Nov.,
M
S7 1,500 •I.ft J,
Ju'y,
May,
80,200 .M,&N.
172,1100
ftN,
t»l,30'J J. ft J.
217,li00 .1,4 J.
45,001;
-ft J,
120
,
M.*N.
81,'JOO
Cltlseus*. ...
20
City
70
loo
Clinton
Columbia,...
30
Commerce Fire loo
50
Commercial
loo
Continental,,
40
Kagle
100
Kmplre City.
loo
Emporium...
30
Kxctiange
50
Farragut
17
Firemen's ..
Firemen's Fund 10
Jar,, 'ii'.'s
7
July, '78. 3H
14
July, 78. 7
8 July, '78. 4
6)4 Jan,, 78. 3
12
July, •78, 5
Aug 7f. 4
July,
Jan.,
July,
100
July,
125
77,200 J. ft J,
267,100 I,* J.
8"5,700|J, ft J
soo.wx)
8
3
nil.
85,000 .J. ft J
145,800 I,* J
1,885,300 I.* J
108,800 .1.* .1
8,500 J. ft J,
415,700 .1 . ft .1
100.000
iBland t'Uy' ... fO
Leather Manuf. 100 eoo.ooo
Manhattan*
SO 2,050,000 1,103,000 F.&A
10,100 J. ft J,
Manuf. ft Mer.' no 100.000
Marine
Market
17
July, •78. 3«
July, 76, 3
Oct,, 77, «W
.'uiy, •78
10
10
85
Brooklyn
Last Paid
1878. 1878. 1877.
18'ro.*
88316 10
200,000
W)mi 14
800,000
400,000 f560,IW4 IB
78,779 10
800,000
517 8
200,000
78,648 10
800,000
800,000 415,861 SO
800,000 S07,980 80
153,000 209,786 ao
300,(K10 t4U3,43a 80
210,000 178,940 80
145,780 80
250,000
8,088
300,000
10
200,000
178,804 80
800,000
loo
,50
American Ezch loo
Amity
loo
Atlantic
60
IJowory
85
.
Uroalway
3
5
•76.
•78.
jEtna
American,
8W
118
Aug.
Amount
Adriatic
103« 103«
July, 78,15
"Ij. 78, 3
,M«y, 18, 5
July, '78. 4
la'i,,
id
6H
i.*j.
985,t;0()
600,000
Oerm&ii Am.*.
Uermati Kxch.*
10
SO
7
8
10
.« ,1
l,& J
l',&A
1,& J,
1.& J
100,000
150,000
100,000
rirtt
y, •78.
luly,' •78.
ninriy 100
A J, 8
.M.AN.
-:i.:tiK
,
i,'^ri0.i«Ki
lllh Wa-tl-....
Fifth
Ftfth Avenue*.
Ju
1,'>",S.'(|'.I.
I.(K)(l,(«Kl] l..Vll,;l(Ki
—
S.
U,tl,(Ml0 .r,'*',i,
I
mXl.lKHI 3.i((i.:uo
fiO<l,lM)(l
KutKlver
8
17,000
450.IMK),
n
CoDt1a**ntiil
4
•W. 8
Sent. '75. S
July, •;>7. 4
30 J<00 I.* J.
WKl.OOO
Comnieico
•7".
'78.
July, •78. 8
.July,'
»(,8(io J.ft J.
500,000
•i.n<K),0O()
CheinlcM<
*
M.
•.!CKI,000
l>r.
ChMO
CItUcus'
Clly
Inly
May,
Faioa.
Jujrl,
far.
I.'IO.OOO
.(K10,«00 i,iboV7t."(i
1
llull'i lIi'iiilV..
Chfttltn
77*
DiTmanti.
Surplus,
COMTAirias.
LutPtld.
Period lim. 1877.
1,5«,700
1)50,000
Bow«ry........
Brewort'A Or.*
Bro>Jw«)r
Butchers' A
CentrtU
dates.
Amonnt
Wail»t. KroliOT.7 PInestr— t.)
Net
at latest
Mtrlt'dthuni*)
•re not Nm'l
K. B.
Ptioa.
J'lTIDSNOa.
Feb.,
May Aag.& Nov,
do
do
do
do
do
do
do
do
[Quotations by N. T. Baaas, Jr., Broker,
-
do
..
Park bonds
Water loan bonds
do
do
do
do
ao
do
Bridge bonds...
•Water loan
City bonus
'IM
do
do
do
do
do
do
May * NoTemb«r.
do
ao
January * Julydo
do
Kings Co. bonds
do
do
Park bonds
'AllBrooklyn bonds Bat.
rOuotatlons by C. ZABaiskia.
Jtrwy (Mil—
..^^.
W.t.r^l_oan,long..
l*»-SBawenice bonds
Assassmeat bonds. .1870-71
Improvement bonds
lS«8-«>.
bonds
Bergen
.
••
101«
1890
.'inuaryft July,
•••
Brldx"
1878-1880 100
1878-1879 100
1888-1890 103
1884-1911 104
18.'M-1900 109
May & November.
Feb., May Aug.ft Not. 1907-1911 107
1878-1898 101
(*o
do
1877-1895 too
do
do
116
1901
May & November.
106
1898
100
1878
Feb.,May, Aug.& Nov.
May & Novcntier. 1884-1897 117
105
1889
do
do
1879-1890 108
do
do
108
1901
do
do
1888
10«<
do
do
1879-1883 108
do
do
irs
1896
January & July,
106
1884
do
do
flrootliin- Local Impr'em't-
Clty bonds
due.
4:
Wall
101
108
va
106)4
109
117
108
103
:o7
117
\o»
101
)!>«•
1(»
:i4
lOU
i«e
ICS
100
107
St.]
101
108
1878-1880
1881-1896
1918-1984
1903
1915
nejt
116X
U6«
i9as-i90«ioe
1881-18851104
1880-18831103
ISStMSSe lOS
lOOM
1984
1907-1910107
Montgomery 8t„ Jersey
City.]
loa
101
isae
January * Jnly.
188e-l«0H107
Januarr M Jniy.
18T7-1WW100
do
do
loKW
isei
Jan., May. Jnly a Not.
107
J.* J. and J * D.
100
1900
Janoarr and Jolj.
UW
I
THE CHRONICLE.
146
fVoL. XXVII,
in the above statement charged against net earnwill not occur again, while others ara extraordinary,
be stated as follows:
Of the items
%nvitsinxznts
and may
AND
STATE, CITY AND CORPORATION FINANCES.
The iNVBSTOKB' Supplement
Is
some
ings,
published on the last Saturday
all regular subscribers of the
of each month, and famished to
at the
Chronicle No single copies of the Supplement are soldregular
is printed to supply
office as only a sufficient number
however, is bound
Bubscribers. One numl)6r of the Sopplbment,
purchased
up with The Financial Review (Annual), and can be
In that shape.
"5 Nashville & Northwestern RR. bonds endorsed by this company..
Right of way, Nsshville & Northwestern Railroad
Extra amoniit of steel rails
Extra amount of cross ties
Iron bridges on mam line
Iron bridges on Tennessee
Making a
it is
road of any prominence whose report for the year ending
June 30, 1878, has yet come to hand.
The main line and branches operated are now as follows:
first
Mainline
Tennesfee & Pacific Branch
McMtnnvilie & Mancheeter Branch
Wiuchcstcr <t Alabama Branch
Jasper Branch
ShelbyviUe Branch
^i™l'f'jU
a^
40
^^
o-^
8
Total main line and branches
453^4
Rei.t«,
&c
I
I
I
Maintenance of way
Motive power....
Maintenance of cars
Total
I
"
$1,070,270
Net earnings above operating expeneei
$801,538
In addition to the operating expenses as above, the following
payments have been made during the year:
luleresc on bonded debt
$452,400
Interest on floatlDf; deit
Pacific Railroad
Interest on cost of tennessee
Difference in cost of steel over Iron rails. 25 per cent on $129,180
Uxtra lies need in laying -M miles of steel rail, 600 to the mile extra..
Pacific Railroad
Iron Bridge over Stoue^s Uiver, on Tennessee
Paid on accou»-t of iron bridges on Chattanooga Division
Northwestern RR. bonds endorsed by this
Twenty-five Nashville
company, due July 1. 1878
Paid on account of right of way, Nashville <Sb Northwestern IIR
Two dividend.- paid to the stockholders
Taxes paid in Alabama
Taxes in Tennessee, charged np, but not paid, previons to July 1, '78.
Lavergne disaster
&
&
&
Total
line,
ShelbyviUe
and
BKCEIPTS.
Passage
Mail
Bents and Privileges
$1,221,025
476,018
37.857
25,2:8
EXPENSES.
Maintenance of way
Motive power
Maintenance of cars
Cmducting
25,000
2,188
1.31505
4,909
18,634
10,061
Jasper
$.114,031
transportation.
Gene. al expenses
274,054
114,6"9
250,207
60,627
$1,760,190
$1,01.3,619
Net earnings above operating expenses
$746,570
Of the other divisions the receipts and expenses were as foHows:
Net above
Receipts.
Tennessee & Pacific Railroad
McMinnville & Manchester RR
Winchester & Alabama KR
$.55,267
Expenses, oper. expanses
*2i,H4
$31,12!
22,957
14,3:i
8 585
.33,393
18,1.34
15^859
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 disposed of, leaviujr
$280,000 in the hands of the company.
these are sold, the
floating debt of the company will be reduced to very narrow
limits, and could be wiped entirely out at once by the sale of a
part of the stock ($282,318) of the Nashville Chattanooga & St.
When
Louis Railway held by the directors for the company but this
they have not been inclined to do, ss the investment is considered
an excellent one for the company.
The operations of las', fiscal year 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 & Pacifir, the McMinnville & Manchester, and tlie
Winches er & Alabama Railroads. Tiie two latter we bought at a
cost of $320 000 inllorty-year six per cent bonds of this company,
;
with|Brst niort/agejon those roads, while their original cost was
About $1,100,000. And on the Tennessee & Pacific Railroad
which cost originally about $1,000,000, your company has issued
Us own six per cei.t forty-year bonds, with a mortgage on that
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 in payment of interest and
principal
secured.
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 & Manchester and Winchester & Alabama Railroads, did
is
not
Of the passengers carried, 2,870 were through and 64, 142 local.
Of the freight, 83,047 tons were east-bound and 8,506 tons westbound 63,683 tons were grain. The average tons to each loaded
car were 10^. The earnings for the year were a3 follows:
;
Freight
Passengers
Express, mail,
$98,760
50,002
7,465
&c
12,011
18,600
Branches were as follows:
Freight
$1,331,592
$1,923,724
67,8'j"— $1,991,592
14,887
13,206
60,791
The operations of the main
Total
Construction
Cash, supplies, balances due
32,297
5,100
$740,746
Snrplns
no equipment owned, passenger equipment being
a mileage basis from the receiver of the Lafayette
Muncie & Bloomington, wbile three freight engines and 32.5 box
cars are leased from the United States Rolling Stock Company.
The general account is as follows:
$400,000
—
tl,8:i,S08
Total
is
1,520,000
21,951
46,641
261,95*)
62, 193
I
There
leased on
Stock
117,488
)n..
possession.
Accounts and balances
Surplus
$342,3 2
286,275
Conductingtransporlati
Miscellaneous
In May, 1876, the present company acquired possession through
a foreclosure sale, but the road was leased to the Lafayette Muncie
& Bloomington until May, 1877, when the company resumed
Bonds
Sxyiemm
I
$1,237,322
5:B,38i
42,843
26,258
$95,143
are strictly extraordinary psyments. The iron bridges are
built to take the place of wooden ones, and will be attended with
no expense for many years to come.
«t
EKCBIPra AND EXFENSES.
BtcHpte.
Pacific Railroad
total ot
Lafayette Bloouilngton & Mississippi.
{For the year ending April 30, 1878.)
NashTlUe Chattanooga & St. Lonis.
{For the year ending June 30, 1878.)
The annual report of this company is promptly issued, and
Freight
Pabsage
Mail 7.
2,138
3i,297
5,100
18,600
12,011
Which
ANNUAL REPORTS.
the
&
$25,000
. .
commence
-^^^ January last, so that in the above statement
''"I'^.^n^"'
only
$9,600 are charged for interest on account of the purchase of
these roads, while the interest of the whole
year would have
amounted to $19,200. But, by reference to the net
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 $4 045
Surplus
$42,916
The rental paid for freight cais was | cent per mile run mileage made on connecting lines was paid directly to the United
;
States Rolling Stock Company.
Construction expenses were
for necessary buildingi, round-house, turn table, &c., and new
sidings.
During the year 1,870 feet of new sidings were laid
ties and 21 tons iron were laid. The iron in the track
;
new
10,115
is little
worn, and light renewals will be sufficient for a time: but a careful estimate shows that 43,394 ties need to be replaced, wnich is
being done as fast as possible.
The company having received no books or accounts from the
former management, no comparisons can be made. When the
change of management took place. May 1, 1877, ail traffic was
suspended for four days, and at least two months were required
to get the business of the road properly adjusted.
Business was
also suspended for a week during tbe July stiikes.
These
troubles, with the mild winter and bad roads, explain the light
earnings of the road for the year.
Lafayette Mnneie & Bloomiiig'toi!.
{From May 14, 1877, to April 30, 1878.)
Mr. George H. Chapman, the receiver, has made a
report for
the period from 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,
from Lafayette to the Illinois line, 35 miles.
Tbe equipment owned consists of 10 engines; passenger and
2 baggage cars; 150 box, 30 stock, 73 flit, and 8 caboose cars.
Three freight engines, 200 box cars in the White Line, 200 in
the Great Eastern Line, and 100 in the Hoosac Tunnel Line are
leased from the United States Rolling Stock Company.
The report of the general superintendent gives the following
statistics
East. Div.
Pas engcrs earned
Passenger mileage
,
Tons freight
carried.
Toui'.age mileage
45,844
871,167
142,227
6,665,081
West. Div.
Total.
32,243
612,165
95,4i7
3,127,017
:S,P67
1,483,322
23-,684
9,7h2,098
Grain furnished 103,058 tons of the freight on the Eastern
UivisioQ and 75,044 tons on the Western Division.
The earnings
for the year were as follows
:
East. Oiv.
$106,633
Freight
Pdfsengers
Mail and express
Other sources
Total
Expenses
Notearninga
•
West. Div.
Total.
$163,535
30,454
*56,901
2*,I81
7.494
4,187
21.2-;2
82:3
l'i.757
16 918
21,106
$147,497
$98,366
$245,663
109,725
69,118
178,844
$.37,771
$59,247
^61.019
The auditor's statement ot the receiver's assets
at the close of the year is as follows:
and
liabilities
Construction, additions during year
Equipment
Supplies on hand
Accounts and baHnces due
Paid on account L. M. & B. Railroad Company,
as dues to that company
Cash
Total
$26,545
913
.!!..!!!. ^.! !!.!...!!
!'.!"!.'"!!!*.*.'.
7,058
43*667
less amoniit "received
..;..;.
20 639
11,983
$113,
60[
Adocst
THE CHRONICLE.
10, 1878.]
Iialancof
payable
t4(,787
,
PiviHlon
rii
47,711
S9,aiT
,
Wc-tfrn nivlflon.
Sii.-jjai!
,
$II),8C8
Thore wore $45,(100
rPCe!v»r'Bcerllflc«te(i Issned for ind«bt«(Inp|i8
of tli« I.iifiiytlto Miiiicie & DIooiiiliifrlon C'oiiipHiiy.of wliicli $30,505»rticliarfce(l to the E»8tern DivlHion, and $ "),•!!) 1 to the Wegtern
Pivmion. Tlix llnating debt of tlii) company M'ill out8taDdiug is
estimated at $IOO,()flO, of which about $00,000 arn for cquipmetit.
I
Tim business uf iho road wag altnogt entiroiy aaapon<led when
the receiver took poBseaalon, and the revnnui's for Ibo firat two
months were very small. The Enstern Division was slill ia an
unfinished condition, and the Western Division ho badly depreciatt'd that it was hardly safe to run trains over.
The receiver
has laid !) '3 3 miles steel and 21 miles iron rails, and 20,738 new
ties, the rails being all ou the Western Division, where the track
had been several years in upe.
A large amount has been
expended in bridge repairs, and much more is needed. A large
part of the line has been fenced.
Saint
I'linl
&
Diiliitli
Lake Supkuiou &
Company.
Kallrottd
.MtasisaiPPi
liB-oitaANixiUD.
(For the pear ending May 31, 1878).
This company, which is the successor of the Lake Superior &
Mississippi, terminates its (iscal year May 31, and the following
statements are for eleven months, from the date of the organiza-
company to May 31, 1878.
amount of capital stock issued under the new organi-
tion of this
The
total
zation has been
Of preferred —
To
&
holders of 1st mortgnge liomls Lake Superior
KaUrnad Coraj>any
Mississippi
<5,i*J7,l:23
To U. S. Ui urt fir bonds not yet presented
To holders of Stillwater & St. Paul RR. Co. coupons
ToNorUitrn Fac flc Railroad Company
144800
.
54'l65
114,006
$5,55' ,19.
Of this there has been canceled by a psymeiit of Norllicrn Pacific
RR. Cn
u account i f the purchase of one-half the railroad from
N. P. Junction to Du uth...
$1^.000
By paymentB on account of lands and siumpage, of which
.
.
{400 were lor sales previously
Leayi.-iK
made
Connfuug of |5,348,Stt. Block $1,416
The common stock Issued amounts to
;
Coram
,n
73,473-
outstanding
stock scrip.
$347500
etock scrip
Mckin^ the
206,473
"$5 313,6!6
:
1,405-3,488,905
amount of capital stock, both pref. and com
The receipts and expenditures have been as follows:
totil
$8,83i,62J
BECBIPTS.
Sffi'th'
$383,944
gO ;8j
9,752
Passenger
Malb
Ac
Express, rent,
.!!!.!!.!!!,!.!!
8!
117
or four years In the Amerlcaa iron tradu have not altered the fact
that the Amcrieins now rank second In regard to the proluctlon
of p\jt. At the same tiiUK, this proJncllon has slipped back %
good deal since 187J, when the American railroad interest wa»
distlnRuished by a great activity. In 18G0, the quantity of pljr
iron made in the United State swas 087,559 tons.
In 1870, the total
had risen to 1,850,000 tons. In 1872, there was a raphl Ijoond
upward to 2,834,553 tons. In 1874, however, this total had
receded to 2,flS9,413 tons. In 1875, it further slipped back to 3,SCfl,581 tons; and in 1870, as we have already seen, itatood at 2,093,23((
tons.
Nevertheless the fact remains that the Americana now
rank second among the industrial countries of the world ia
regard to the production of pig iron.
"In steel, too, the AmericanH have made great progress. Thus,
in 1876 they maio 525,030 tons of Bsssemer steel, 21,490 tons of
Siemens steel, and 140,900 tons of other sleel, or altoge her 088,380 tons. The corresponding production o Great Biitain in the
same year was 700,000 tons of Bessemer steel, 130,150 tons of
Siemens steel, and 140,000 tons of other steel, or altogether
975,150 tons.
Thus, the Americans rank immediately after the
English as makers of steel. The Germans and French also produce a certain quantity of steel, buf. Germany only made 370,710
tons and Franco 201,750 tons in 1870
"Wben we consider that the times have been sadly out of Joint
in the United States during the last three or four yeara, the
results we have indicated afford striking proof of the energy and
determination of the American cliaracter, and of the work which
it is capable of achieving.
It is true that the United States
Congress has'tndeavored to foster the growth of American metallurgical 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 iu-luslry of the Americans, ami the
»eal and ardor with which they apply themselves to the pursuit
of the almighty dollar, we fancy that any legiflaiive scheme
which might be matured by the collective wisdom of Congress
would not amount to very much.
"One reason wliy Great Britain anka first as the chief ironmaking country of the world is that her people have mors
pati,-nt Industry and more enduring perseverance than ia 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 taem-ielves into the
second place as producers of iron.
" The Americana have made a show of late of displacing metallurgic British products upon the chief markets of the world, and
especially upon the markets of the West India- South America
and the Eaglish coloni- s in Australasia; but wo do not tlink
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 Am-rica and the Antipodes,
and perhaps even larger quantities than before.
"After all, we fancy that tiie great market for North American
iron will be found to be North America itself; and it is no very
great hardship for American ironmasters tliat this should be the
case, since North America is almost a world in itself.
If the
reckle.»s demagogues who are dignified with the name of
politicians are not suffered to bring about internal disturbances,
and if the Americans resolutely and heartily pall together, there
would appear to be better times in store for the Great Republic
better times which will ensure increased prosperity to the
,
;
Total
.
$483,349
IfXrENDlTURKS.
Gfnera' flice expenses
Mainiei aiice of rua way
126,058
(
Maintenance of equipment
Transportation expenses
Net
*
'.'.'..
132290
"..*.'.'.!".]
87^518
146,174
receipts
.362,342
"$12l|o07
LAND DEPARTMENT.
RBCEIPT8.
From land sales
Fromslampage.
$20334
Of which payments were made
$96,959
78,073
76,635
in preferred stock
.
.
.
,
CashrecelpU
Expenses Land department
"$78,886
—
16,647- -
»,289
the last Legislature increasing the capital stock to |484,00O.
The directors were authorizi^d to issue stock to that amount, to
provide (or the payment ol bonds maturing November 1, 1678.
It was also voted to modify the lease with the Grand Trunk, so
that that company shall pay the interest on the slock issued.
OTHER EXPENDITURES.
Rent Of Stillwater
& St.
Fixed Charges.
Paul Railroad
.
Interest
Slate taxes
$18,.'i3?
66S6
,
Insurance
\\
Special and legal expenses
9,614
4^442
Leaving net receipts
Inteatmentg and ImprovemenU and Additions
and bridges nearSalutb
Building grain-boase, St. Paul
Sew fencing
Extens'on to telegraph
to
Total on account of roadway and buildings.
Addition 10 equ pment
Addition to machinery in shops
to
Norihvvestem equipment trust
Knife Falls Railroad
Stock farm— Mahtowa
Proprrty.
{i,126
,'
1,249
1,537
'37^
$5,384
1,500
227
40,665
12,311
$14
is
extracted:
^-SO
INVESTMENT NEWS.
American Iron Trade— An
CMiery Gxiardian published an
following
Dayton & Southeastern.- J. E. Gimperling has been appiiutel
receiver of the Dayton & S uth-asteru Railro&J, on appi sitioa
of the trustees for the bondholders.
8,161— 65,139
Leaving a surplus of
a]3NERA.Ij
Central Pacific— D. D. Colton and S. W. Sanderson, trustees
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
$8\020
redemption of bonds, according to the terras of the mortgage.
They will receive sealed bids for the sale to them of bonds issued
under the mortgage at iheir office. Fourth and Sanderson street?,
San Francisco, until August 28.
Cincinnati City Bonds.- The Mayor has appointed August
14 as the day for holding a special election on the proposition to
issue $2,000,000 in bonds for the completion of the Southern
Railroad, according to the contract recently made by the trusteesw
4,J10— 43.2SG
Fillioe trestles
Vayment
American iron trade."
Atlantic & St. Lawrence- At the annual meeting of the
stockholders held at Portland, it was voted to accept the act of
"The
East River (Brooklyn) Bridgrc.— At a meeting of the trustees
of the East River Bridge, the following resolution was adopted:
Besolmd. That the trustees of the New York &, Brooklyn Brldue hereby
call upon the cities of New York and Brooklyn for tiie sum of $I,ixXi.OjO from
the City of Brooklyn and $.Mf,'Od from the City of New Y^ork, for the porpo?e' specilled in section 3, chapter 300 of the Laws of 1875, such sums being,
in the opinion of the Board, p.-oper and necessary, and that request be made
to the \Iayor8 and Controllers of said cities accardlni-ly.
The treasurer's report showed tiiat the receipts for July had
been $102,273, and the expenditures $130,336. Up to the preaent
time the total receipts have been $9,738.T37, and the total expan>
English View.— The London
from which the
article recently
fact is not without
importance that
pig iron the United States now ranks second
among the iron makinjr nations of the world. Thus, the quantity
of pig iron made in Great Britain in 1876 was 6,555,997 tons,
while the proluction in the United States in the same year was
2,093,236 tons
in Germany, 1,863.000 tons; in France, 1,449,536
tons; in Austria, 480,000 tons; in Beleium, 440,958 tons; in Uussia, 397.500 tons
and in Sweden, 889,480 tons. These may be
faid to be the iron-making countries of the world, since the
combined production of all other nations did not exceed 228,000
in the production of
:
ditnres |9,718,733.
—
Erie Canal Freights. The following Is a statement of the
tonnage of leading articles shipped on the B'ie Canal from the
opening of navigation to August l.as compared with the basiness
of the corresponding periol in 1877.
The tolls received for th*
;
tons.
"Even the bad times which have prevailed during the
last three
'
period in 1877 was $305,947
;
In 1878, $409,533
THE CHRONICLE.
148
1877.
Boards and ecaotlings. 458,409
4,«J8
Shlneles
9,WJ
Timber
31.
Starea.
Wood
4«
SS.481
Acbe^
914
pot and pearl..
20,865
Aehea, leached
Pork
8,301
Beef
Bacon
-Cheese
Bolter
iMti, tallow and lard
oU
Wool
Uldoa
floar
Wheat
Bye
Com
Corn meal
Barley
Barley-mUt
Bran and
sbiuataffd
1817.
14,803
3,817
1,667
Pig-iron
Bloom and bar iron
...
Castings and iron ware
Domcatic woolens
Domesticcottons
Dome^ticsalt
Foreignealt
Sugar
Molasses
2'J8
.
i
Coffee
IS
10
6
Nails, spikes
8.927
147
211
119
345
426
2,825
«4,e86
5,774
881,604
5,I1S
10,199
20,739
1,979
804,515
22,636
328,896
4«,218
7,963
10.984
35,159
8tt6
985
2,186
2,E4i)
6,834
B8,0ii8
3.'i02
20,155
2,589
3O0
sion:
,
Lake
Wheat. Corn.
,
3,62!
Tear.
1B69
1870
ISTl...
1S72
1^73
1871
1875
1876
1877
1878
and horse-
shoes
Ironand
2.t'77
45,411
2,040
1,493
The following statement, showing the
an early improvement.
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-
1878.
ll,9i4
590
ICO
1
6,781
Oats'
1S78.
627,n<>
4,413
12,857
S6,V15
80,150
1J6
SO.DaT
2,374
3
2,108
2,326
6,517
steel
Kailroadlron
1,361
4,6)0
7,636
Flint enamel, crockery,
601
glassware
All other merchandise. 18,987
Slone, lime and clay... 69,312
GypsuHQ
Anihracitecoal
Bituminous coal
Iron ore
5,741
474,053
114,861
1.791
25,347
62,137
5,449
326,4.0
9),2»4
7
From
—
—
Vanceboro.
—
It is stated that an
arrnngement has been arrived at between the Grand Trunk
Bailway of Canada and the Michigan Central, which will enable
the former company to run its trains into Chicago. The arrangement as yet is not final, but the preliminaries are settled, and it
is supposed that the positive compact will be made at a convention to be held at Saratoga on the 20th Instant.
Mr. Vanderbilt
is said now to have placed the Grand Trunk upon the same footing 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
measures with a view of obtaining some other means of communication with Chicago; hut if the proposals of Mr. Vanderbilt
are faithfully carried out, there will be no inducement to build
new lines.
Income Tax on Railroad Bonds.— The United
States claimed
to tax interest on some of the bonds of the Erie Kailheld in London. The matter was put in suit, and Chief Jus-
Waite on the 2nd sent in the following decision, afiirming
decision of Judge Blatchford
" I fully concur with the learned District Judge In the view he has taljen cf
tice
a
:
this case. The tax, for the recovery of whch the suit was brought, was a tax
upon tbe 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 parlicular 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 In-ome until it was paid to him, and in this
case the payment was outside of ihe United States, in accordance with the
obligations of the contract which he held. The pow>-r of the United States to
tar is limited to persons, property and business within their jurisdiction as
much as tliat of a State is limited to the same subjects within lis jurisdiction.
(State tax on foreign-held bonds, IS Wall, 3C0). The default of the defendant
in making its returns was a coniinuin;; one. Only one penalty thereupon is
lecoverable. The judgment of the District Court is afflrmed."
&
Wm.
District of Illinois. The sale will include the
to Pekin, 111., with all the
The sale will be made subject to all valid
202 miles of road from Indianapolis
franchises, etc.
claims, j udgments and taxes due and unpaid and to the claims
allowed by the courts for labor and materials furnished for six
prior to December 1, 1874. Each bidder much deposit
|.50,000
aa security, and the purchaser must, in addition, pay $50,000 cash
on the day of sale, and on confirmation of the sale such additional
aum 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 tbe purchaser.
Sumner R. Sione, of No. 46 Exchange Place, chairman" of the
committee of extension bondholders of this road, states that the
agreement for re-organiz.ation, dated July 10, having been signed
by more than a majority of the bondholders, is now binding
and that all other bondholders who d, sire this committee to repre
sent them in the proposed purchase of the road must sign the
agreement above referred |to, andldeposit their bonds, and t5
assessment on each bond, with the Union Trust Company of
this
city, before the 6(h of September next.
;
Lake and Canal Freight Bates.—In a review of July
baainess, the Buffalo Commercial says
Carriers by land and water earnestly hope that July,
1878 will
•fflijoy 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 10 all engaged in the transportation business, if there
is not
9-2
!l-8
108
120
10'8
lO'O
9'6
90
80
7-5
6-9
5-4
96
6-5
3-1
2-8
19
2-6
1-7
4-8
21
26
1-7
2-2
1-5
no
126
59
5-4
4-3
these figures
4-'t
3-8
it
—
Indianapolis Bioomington
Western.— The main line of
this road will be sold la Bloomington, III, August 31, by J. A.
Jones and
P. FishbacS, masters, under concurrent decrees
of foreclosure granted by the U. S. Circuit Courts for Indiana
and the Southern
9-4
5-7
8-8
5-6
—
the right
way
47
cents.
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 |C00,000, 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 Q. 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 material?, rolling stock, and rights of any nature or kind
soever, are deeded to the trustees to secure the bond, together
with the one half interest of the Metropolitan Road in the New
York Elevated Road already built and that is to be built from.
the 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 of
the 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.
These gentlemen were members of the New Yoik Loan &
ImprovementJCompany. As the road was built, obstacles were
removed in the way of its franchise, and the prospects became
better for ultimate success, and the Loan & Improvement Company took up all the stock. The road would, they knew, be worth
more (if it proved a success) than it had cost. The first mortgage
recorded was one estimate of value, and was not issued to secure
a loan of $600,000 a mile, as was erroneously supposed.
The
second mortgage, secured by income bonds, issued to the trustees
named, ia another estimate of value, a capitalization ol the
company. It is placed at $900,000 a mile, and the bonds are to
bear 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 was entitled as a joint owner under the
charter.
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."
Earopcan & North American. This railway for extension
from St. John westward, otherwise known as the New Brunswick Division of the European & North American road, will be
Bold at St. John, N. B., August 31, under foreclosure of the first
mortgage of $3,003,000. The road is 91^ miles long from St.
B., to
50
50
cents,
New
Petroleum or earth-oil,
63.8H4
77,089
crude and redned
Sundries
I,927,0b8 2,240,431
Grand Trnnk and Michigan Central.
,
cents,
B-2
...
Canal
/
Wlieat. Corn.
centa.
will be seen that the average freight rate
York for the entire month was
on wheat from Chicago to
only 6^ cents. Add to this the transfer, or elevator charge here,
of j a cent, and it makes the average through rate for carrying
It is scarcely
sixty pounds fifteen hundred miles only 7 cents.
necessary to say that there is no money in this for anybody.
3,554
2,115
Peaaand beans
This week (Angust 8) water rates have advanced from l^c.
for corn and Ifc. for wheat from Chicago to Buffalo, to 2c. for
corn and 3Jc. for wheat, and by canal from 4f c. for wheat, 3|c.
for corn, and 3|c. for oats, to 4io., 4ie., and 3c., respectively, from
Buffalo to New York. The present advanced rates by lake and
canal amount to about 7ic. per bushel for wheat from Chicago to
New YorK, which Is about one-half the all-rail rate.
John, N.
XXVIL
[Vol.
I
New Jersey West Line.—The New Jersey West Line Railroad was sold, under foreclosure of a $3,000,000 mortgage, at
Newark, August 3. The road was bought in by Mr. 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 $3,000,000, whenever they should deem it advisable, provided the consent
of the
City Council should be first obtained. On July
23, 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
lor 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
Rj-organization.- The A7>ieHean
Mixc/Mnge gives some sensible remarks on this subject as follows:
The various schemes for tlie re-organization of the Ohio &
filisaissippi Railway Company which have
been under consideration during the past year, it is understood,
have all been abandoned, and It is now proposed to re-organize the company
upon a
basis that will secure to the new corporation a
certain amount of
AworsT
I
THE CHRONICLE
10, 1878.1
149
is to be oblaiaed by nn aiietsment upon the
of bands who wish to sail their ci>rtlfieates, on the same condiatockholderi of the old company.
NotUiD)( definite h&^ yet been tions as published on the 8th of Febraary last— lotereits of tba
Ajfreed up"n in rt'diinl to the uistlor, however, although tlie parties agreeing running from Dec. 22, 1877. Certiflcatea at
amount ol the aafleHituient tallied of la fS or |i3 per share. If the Branch line at 75, consolidated loan at 28, main line 80, \&^
atockholdera and others Interested in the Ohio & Mississippi Unll- loan at 85, but Vincent-Brainerd certificates only at 11. The
way are earnest in their desire to place tho company again American-Canadian Syndicate retervea the right to accept what
upon a substanlial Gnancial bnal!i, they will adopt such measures it likes of the certificates otTered.
•s will not only cancel the present lioatlDg debt, but will also
Texas & I'acinc—The Galveston Hewi a few weeks lioea
iredace the smount of the funded del>t to a sum sufUcieotly low to
reported the following among other statements made to a reprefuarantee that in the future tho company will be able to earn the
aentallve of that p»per by Maj. Frank S. Bond, Vice-President of
interest on that debt. According to the last ata'oment publiflhed,
this company:
the total bonded debt of the road was $12,853,000. This includes
"There will probably be no extension of our line until after
thrt first raorigage bonds of the Sprlngfleld Dirlaion Trhich the
Congress shall act on our bill. except 10 or 15 miles from Sherman
stoa'kholdera have learned they cannot Ignore." • * * 'Itiadiffl
west (part ot the Sherman & Fort Worth Division) that we hope
cult to conceive upon what basis of reasoning the stockholders of
to have completed by September.
About ten miles of this part
our large railroad corporations expert to rr-alize anything for their
»
»
«
of the line are already graded."
»
atock, so long as the interest on the niDrtgage is not paid, or those
"The T.^xas & Pacific Company has a vested right, under
mortgages are not eatidtied. When an individual gives a mortgage
apoa his house, and al^o gives his individual unsecured proiuiae existing charters, to extend its road from Sherman to Fort Worth
and from Fort Worth westwarJly to El Paso, without any limitato pay, the person holding the latter in well aware that he has no
tion of time as to its completion.
It needs no special legislation,
liea whatever upon the mortgaged property of ihe maker of the
and does not desire any and it will not be an applicant before
note until the mortgage his been canceled, and any one assuming
any other position would become the laughingstock of the the" State Lifgislature tor any extension of its charte'red rights.
Admitting that the 20 sections grant of land and the reservalounfifers at any cross-roar's village in the country.
Nevertheless,
ihe stockholders of the railroads that have failed to pay their tion has or will soon lapse, under the compromise act of May 2,
1873, the company has an equal right with all other companies to
interest, and are now undergoing the process of re-organizatiou,
come in under the general law and acquire 16 sections of land for
are continually demanding that the bondholders shall divide the
each mile of road it shall hereafter construct, if, as is vrry doabtloss that may be sustained between themselves and the stockful, the State hasauflicientavailiible land upon which siich certifibolders."
cates can be located.
" As I understand the matter, the State has already promised
Pennsylvania State Bonds.— The Doylestown (Penn) Intelli'jencer publishes the following in regard to an over-issue of to railroad companies, under existing charters, upward of 128,bonds of the State of Penntylvania.
000,000 of acres, which the records of the State land office show
"An over-issue ol Pennsylvania bonds, to the amount of $100,- to be about four timea as much as there is left of the public
<X)0, has lately come to the knowledge of our State authorities.
domain of the State that can be so acquired. As a matter of fact
It appears that in the year 18)2 the Legislature authorized a
I believe it la generally
admitted that of the public domain
loan ot $1,000,000, to meet the linancial 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 sulli- taken up, so that future acquired certificates muet necessarily be
cieut, and at the next aeaaion 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 certifi1653, and were payable in twenty five years. William Bigler cates, coating as it does about $30,000 in cash for each thousand
•was Governor and ilohn M. Bickel State Treasurer at that time,
certificates located, as it would be impossible to diapoae of such
and all the bonds were duly signed by them. It turned out that landa within the time fixed by law for their alienation that ia,
the whole amount of money for the last issue of $500,000 in eight, twelve, sixteen and twenty years from the date the
waa not required, and after $400,000 had been sold, the remaining certificates are issued. It is not at all probable that sufficient
f 100,000 were left in the possession of the Girard Bank, Philadel- sales of such lands 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 $100,00") of regularly signed but unissued State and municipal taxes it would be required to pay."
bond) were in existence. They remained in forgetfulnesa until
Trunk Line Freigllt?.— The Chicago Tribune aays of the meetwithin a few months, when the Treasury officials became aware
that they had somehow gotten into the market, and were likely ing of raihoad officers in that city, which made the r. cent
advance
in east-bound freights: "The first business done waa
to be presented for redemption. Oa the Brat of August a number
of the bonds, amounting in value to $18,000, were presented at the affirmation of the rates adopted by the general freight agenta
the Treasury, they being due and payable on that day. The in this city a day or two ago. As soon as this was done a resoluquestion as to whether they should be recognized or not was sub- tion waa introduced that the rates be still further advanced,
mitted by Mr. Noyes to the Attorney-General, and that officer making the grain rates on the basis of 25 cents per 100 pounda
baa advised their payment on the ground that they are genuine from Chicago to New York, and fourth and special classes on the
bonds, now in the hands of innocent holders. How they ever baeia of 80 cents. This resolution elicited a lengthy and heated
thinking that the rates just adopted were high
Kot out of the custody of the bank and into the possession of ont- debate, some
enough for the present, while others thought that the roada
-aido parties is yet a deep mystery
It is said that the bank ledger
containing the record of bonds disposed of under this loan has would get just as much business if another advance were decided
upon. Finally, the resolution prevailed, and on and after the 5th
disappeared."
A press dispatch from Philadelphia, August 8, says "Mr. of August. the rates to Eastern seaboards will be as follows:
Fourth class
Grain
Floor,
John M. Bickel, who was State Treasurer in 1852-3, in reaponae
From Chicago to—
per 100 lbs.
per 100 lbs.
per brlto an inquiry regarding the $100,000 of over-issued bonds, has BalUmore
cents. 87
S3
44
produced a voucher signed by the former President of the Girard Washington
27
44
Philadelphia
88
«3
Biak, as follows:
43
New York
30
s»
SO
" 'MaT 31 1851
"' I hi>reby actnowlfdRC that the Girnrd Bank holds $100,000 coupon bonds Boston
36
so
60
•of the State of Pennsjlvaula, subject to the order of the State Trcaeurir.
All articles that have taken grain rates will be included here•'
'C. S. BOKEB.'
after in fourth class. This makes a further advance in grain of
"The present officers of the Girard Bank state if the bonds were five cents per 100 pounda, and 10 cents on meata, etc., that have
left with their bank they were there simply for safe keeping in
taken grain-rates heretofore.
their vaults.
The bank had nothing to do with negotiating the
Union Pacific. In regard to the land grant decision of
loan, has no records whatever as to the bonds, and knows nothing
Secretary Schurz, the Union Pacific has issued a circular aa
«a to any alleged payment of $28,000 on account of the same."
•muly monejr, which
;
—
—
:
a
—
follows:
Railroads in Minnesota.— The St. Paul Pioneer-Puas of
August 1 publiehes the following in regard to the railroada in
" The time is about up for railroad companies in
Minnesota
:
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
~«te. The reports received by Railroad Commissioner Marshall
p to yesterday, for the six months ending June 30, 1878, are as
tollows, in juxtaposition with which are the gross earnings of
the same roads for tho corresponding six months of last year,
<rom which a glance can be had of the increase of railroad bnaiaess in Minnesota
—
05r.\nA, Neb, July 29, 1878. To whom it may concern; In
view of the misunderstandings that have arisen, and misrepresentations that have been made, concerning the late land decision ot
the Secretary ot the Interior, we submit the following.
1. The decision does not hold that all railroad lands unsold at
the end of three years from completion of the road are thrown
open 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.
2. The decision does not assume to determine what constiiutea
;
a disposal of said lands.
3. It ia the written opinion of the most eminent legal author!t'es of the country that the lands have been disposed of in the
l!i77.
18:8.
_. „
gtPanl 4 Paciflc (St. Paul to Sank Rapids)
$104,354
$I19.5« manner contemplated by the language of Sec. 3, act 18't3, Pacifia
St Paul & PaciOc (main lint)
3H.350
17.3,000
Railroad charter, and are not subject to pre-emption entry.
JTthiagton A Sioux Falls
44,.S18
6 787
4. We place ourselves on this opinion, and shall proceed to
)ui City & .St. Paul (St. James to Iowa line)
178,l«)4
111.M.3
- Paul & Sioni C'ily (St. Paul to St. James)
handle and sell oar lands in the same manner as heretofore, our
2j4,41-J
2Cfi.0J3
right and authority to do so not being in any way impaired by
Total
$1015,518
$816,616
the decision.
St. Paul & PaciHc. Our correspondent in Amsterdam writes,
5. Each and every case in which any person files upon, occnJuly 28th, that the committee announces that a meeting of bond- piea, or in any manner attempts to interfere with our rights and
holders will be held in New York, September 10, 1878, to remove interests in any of these landa will be promptly litigated to the
Tbompaoo, Becker and Moorhead, trustees of the first division court of last resort.
mortgage of 1871 for $500,000, and to appoint others. Also,
Lb.witt BiTRNHAU, Land Commissioner, U. P. B. B.
*b*t the privilege will yet be given to those holders of certificates S. H. Clark, Supt. U. P. B. B.
— Gross Earnings —
:
.
—
THE CHRONJCLE.
150
"gilt
.
Frid.\y, p. M., August
1878.
9,
Crop, a.s indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Aug 9), the total receipts have reached 3,069
The Movement op the
COM¥EHClAr¥piTOME.
iiRlDAT NiOHT, August
OTTO N
O
Si«^^^
([^ommtvmxl
XXV u.
fVcL
9, 1878.
Dealings
progresP.
revival of trade continues to make fair
cheerful feelmore
a
and
Eeason,
tlje
for
average
are up to a full
is much
apparent on all eides. The weather at the West
The
ing
is
more favorable
to the
Violent storms have occurred at
crops.
have been
many points, but the injury done by them appears to
low, and private
merely local. Money is plenty and cheap, wages
however, the effects of a long
credits improving. Very naturally,
and the progress of
period of disaster are slill seriously felt,
improvement must be slow.
\V ednesday there
Thei e was a buoyant market for pork, and on
for
were ealee of mess at $11, spot and S-ptember, and *11 15
Yesterday there was a tharp decline, but more steadiOctober
and $10 90 for
ness to'.dav, with sales at $10 75@$10 80 forSspt.
Western selling
Oct. Lard' was also decidedly higher; prime
October, followed
at $8 for August and September, and $» 05 for
toby importanrreductions in values, but rather more steadiness
at $7 90.
day, spot and September eelliag at $7 85 and October
Bacon is scarce and nominal. Cut meats have been tending upward. 1 he arrivals ot swine at the Western markets thus lar in
August have been rather less than for the corresponding period
Beef has been in very fair
last year.
hams salable. Butter active, and choice
demand and
firm.
Beef
grades dearer. Cheese
during the week, with an active demand
Tallow in good demand and
factories, 7@8ic.
The followiog is a comrarative summary of aggregate
firm.
exports of hog products from Nov. 1 to Aug. 3, inclusive
advanced fully
prime to choice
!
.
.
Eeeeipts this w'k at
Orleans
Mobile
Charleston
Port Royal, &c
Savannah,
Galveston
233
222
458
466
613
317
62
239
232
443
•161
158
1,660
23
2
41
147
1,056
248
189
119
26
3,069
;,102
5,871
1,541
4,081
—
760
80
156
249
333
99
203
233
22D
13
611
IS'
&e
week
.
Total since Sept.
1.
lbs
lard, lbs
Total, lbs
1876-T7.
1677-78.
63,413,000
47,875,21,0
489,291,';83
35M,!i59.9:il
Increase
272,3ia,6bJ
181,774,1.30
.%i87.SO0
129.331,802
90,548,459
815.021,323
686,6M,it)l
27
954
7
86
7
285,412,081
EXFOltTED TO-
Week
N. Orl'ns
New
England, 11 to 25c. 200 cases, 1877 crop, Pennsylvania, 10
tol8Jc. 40 cases, 1876 crop. Pennsylvania, private terms; 519
Savan'h.
cases, 1877 crop, Ohio, 8 to 10c. 150 cases, 1877 crop, Wisconsin,
7J to 8c.,- and 46 cases, 1877 crop, Slate, piivate terms. Of
Spanish tobaoco the sales embraced 750 bales Havana, at 85c.(a
f 1 05.
Kio grades of coffee have latterly been more active, and holders have advanced their views and maintain them with firmness;
Stock here iu
fair to prime cargoes quoted at 16^3:17^0. gold.
Mild
first hands, 42,494 bags, and at other ports, 3,231 bags.
grades have sold freely at full prices; of Maracaibo, fully 15,000
N. York.
ending
Aug. 9.
Great
Britain.
France,
this
Same
Week
Week.
1877.
Total
Continent.
Mobile
2,206
2,206
1878.
New
;
:
;
,
bags have changed hands during the paet week. Rice remained
Foreign molaeses has been
eteady, with a good average trade.
very weak 50 test Cuba refining was sold at 29c. flat, or equal
New Orleans in jobbing sale only, yet unto 30c. regular.
changed, owing to reduced stock'. ReSned sugars were weak
about steady standard crushed, 9fc. Raw
but
close
and lower,
grades have shown more activity at lower prices; sales of fair to
good refining have been readily made at 7 1-16@7 5-16@7|c.
;
;
closing at the inside
Charl't'n
Hhde.
Joies.
Bags.
85,3)2
15,354
7,485
13,000
9H61
13,.333
IJljiSS
25,561
lfO.484
12,904
7,18)
186,203
253,34 r
:J38
2,390
,565
1,730
3,262
503
Norfolk-
985
Other'
985
283
6,453
3,514
,000
86,815
2,004
23,000
Tot. this
218
3,845
week..
2,390
65,020 149,612
Tot.since
Sept. 1. 2144,628 497,743 681,554 3323,925 3023,187
The exports
•
more, 708
Ijales
this weetc
under the dead of 'otner p !rt»" Inclode, troiu
to Liverpool
;
Balti-
{.'om Boston, 277 oales to Liverpool.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
add also similar figures for New York,
the ports named.
which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street
We
On Shipboard,
Ano.
figure's.
43
Galv't'n-
654
1877.
930 25,473
949
3,568
329
2,988
259
1,595
485
4,169
1,458
.
;
9,
AT-
Liverpool.
Melado.
not cleared— tor
Other
France. Foreign
Leaving
Coa.st-
wise.
Total,
Stock.
8,0;f7
New Orleans
2,097
2,317
The naval store market has shown weakness, spirits turpentine
especially ; the lower prices, however, have stimulated a better
hnsin^ss. Spirits turpentine closes at 27ic., and common to good
Petroleum has latterly been
strained rosin at $1 37^@1 42^.
quiet, but firm and higher; exporters are "short," and refiners
limit their offerings; crude, in bulk, quoted at O^c, and for
Tefined, in bbls., lOJc. was bid.
The lead market has latterly
advanced and shown much firmness, with a better business
reported; common domestic closes at 3 55@300o. 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@16ic. for Lake.
The bueineea in oeean 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
Bteam, 8id. per bushel; cotton, Jd. perlb. bacon, 30@3o3 per
ton; cbeese, 35(2459.; butter, in refrigerators, 1253.; grain to L
don, by steam, e^Si^Cid.; do. by sail, 6Jd.; do. to Glasgow, by
ateam, 6id flour, 2s. 4id.; grain to Cork, for orders, C.". per qr ;
do. to Antwerp, o^". 9d.; do. to Havre, 58. lid.@5s. Gl.; do. to
direct French port, 68.; do. to Bayonne, Os 9J.; do. to Marseilles,
5s. 6d.; refined petroleum to Hamburg, 4a. 3 i. per bhi ; do. to the
Mediterranean, 48 Od.; do to Trieste, 5s. 31. @.x». 4id.@5s. -DJd.;
do. to direct port. Continent, 4«. IJd.; CiRea to Algiers, 26c. go rido. from Philadelphia to Alesandria, 32c. gold.
Today, rates
were rather irregular, except for petroleum charters, which were
held firmly. Grain to Liverpool, by ateam, ^(^Si.: do. to G'a?gow, 6id.; do. to Cork for orders, 5s. 9d.@0s.; oats to Bordeaux,
Ta,; ieSo«d petroleum in oisea to the Levant, 38c, gold,
:
;
m
;
168
4,263,159 3,960,930 4,092,594 3,177,278 3.802,018
;
Receipts since
Saleesincc
Stock Aug. 7. 1878
Stock Aug. 8. 1877
216
The exports for the week ending this evening reach a total of
6,453 bales, of which 3,845 were to Great Britain, 318 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 season
less active, the salea of the week aggregating 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 5J@14c. Seed leaf moving rather moderately, but at
firm prices sales of the week are 1,305 cases, as follows: lOO
England, 11 to 13^c. ; 350 cases, 1876 crop,
cases, 1877 crop,
Kentucky tobacco
EtockAng. 1,iS7S
844
117
599
55
288
13
5
Norfolk
Total this
1874.
1,513
638
211
354
Indianola, &c
Tennessee, &c
Florida
ISortu Carolina
City Point,
1875.
1876.
1877.
1878.
New
ic.
:
Pork Ihp
Bacoi and hams,
receipts
.
showing an increase
3 960 930 bales for the same period of 1876-7,
the
details
of
receipts
The
bales.
303,239
of
1877,
si'nce'Sept. 1,
for this week (as per telegraph) and for the corresponding weeks
of five previous years are as follows:
Mobile
Savannah
Galveston
New York
Total
*
None.
None.
None.
None.
2,000
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
2,000
None.
None.
Included In this amount
None.
None.
None.
2,930
None.
None.
*3,225
949
159
485
45,340
100
3,325
49,863
None.
100
100
None.
tliere are 1,225 bales at Presses for foreign
which we cannot learn.
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 stoclvs to-night
are 84,593 bales leai than they were at this time a year 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:
ports, the destination of
From
receipts since
EXPORTED SINCE
SEPT. 1
TO—
Ports.
Stock.
1877.
1876.
N.Orlns 1370,065 1179,561
Mobile. 412,962 357,389
Char'n* 459,174 470,501
Sav'h
598.272 470,631
Galv.*
446,653 501,110
N.Yotk 143,855 121,170
Florida
14,299
20,381
N. Car. 143,490 129.236
Norf'k* 508,636 552,349
Other.. 162,684 150,200
.
This yr. 4200,090
Britain. France. [Foreign
Total.
821,590 325,406 304,700|l451,696
106,381 26,146 31,566 164,093
131,935 70,355 103,584 305,874
176,217 30,351 138,718 351,346
186,172 26,971 11,291 224,434
330,457
9,441 47,308 387,206
313
494
745
61,332
56,677
160,691
215,455
1,000
11,500
2140,783 497,525 679,164 3317,172
82,941
35,007
156,687
196,307
1,780
1,075
19,890
2,929
19,148
6,358
1,107
92
30.58,828 2128,204 4,59,585 431,884 3019,673 163,513
• Unuer the head of Charleitort is included Port Koyal, &c.; under the head of
Onlveitnn (s moludel ladlanola, &o.: uider the head of Norfolk Is Included CIt;
lolnt, &c.
Lastyi-.
AvorsT
I
Tlir.Hc
10.
mail
THE OHRONICLR
1878.1
do not corrcspouil
ri'tiiriiM
prei-is<'ly
MARKET AND
witli tlio total
bucausii In pri'pnriiif; tliriu it Ih always
neceasjiry to iiicorpornto ovpry corruction made at tlio ports.
of tho
tcli'^trapliio lifjiires,
with an active demand for homo consumption during tlic first half of the week, and prices Hteadily
advance*], until on Tuesilay, with stocks at this ])oint reduced
On
Iwl.iw 00.000 bales, middling uplands were (juoted at 12c.
WiHlncjiday, Iiowevor, the demand fell off, and the advance was
Cotton on the
RAI.ER
SrOT MARKET
CLOSKD.
H|)ot ini>t
Yesterday, the market was steadier, with
barely mnintjiined.
some' revival of demand for home consumption. 'I'o-day, (juotatidiis were extensively revised; the low grades being advanced
l-ltiaic the better grades reduced llOc, exce])t " fair" which
wa.s reduced 3-lOc. and then as compared witli l'i)Iands, Orleans
and Texas were advanced ^c, it being apprehended that the
yellow fever epidemic will retard the movement of Uulf cottons.
Annexed is a comparison:
;
Tlmrsday.
Friday.
Frl
.
.
Oiilinury
lOie
10>s
11
1138
1108
ll.3,e
ordinary
Good ordinary
Btilit
Strict k-,niil oittlnary...
Low niiiMliiiK
'..wmliUlUnK....
ii;
iiMlinjt
hOiHl middling
.Mid.lliujjfair
.'
1214
12»18
..
Uplands.
N. Orleans.
1014
10»8
Ills
Ills
I014
10»s
11^
II1016
llilirt
11''8
12%
12
1238
1211,*
123,8
11%
ll'in
i
131*18
1
i:j
1H14
1308
la'^s
Tlmrsday.
••!
f'vilinary
-iMKl ordinary
ildliuj?
Friday.
10%
1014
1058
10%
11%
III4
llOs
11", 8
The
speculation in futures has been active, and in tho course of
Saturday, Monday and Tuesday prices rapidly advanced, closing
on 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 liigher for
the winter months, and 4@7 points higher for the spring months.
On Wednesday, under dull accounts from Liverpool and sales to
realize, most of the advance for the first half of the week was
1,08.5
4.'i0
2,47.'i
400
170
100
20
BalM.
Total.
sit.
2,435
l,.'i32
l,!il4
2P012,.'iO2!
S.^O
erie*.
37,000
51,100
50,900
33,000
27,700
13,042 2.55,500
4,700
3.790
1,032
1,S34
1,20c
1,200
DoUr-
900
700
800
800
900
000
3,04.')
3,7»0
Ball-'.
(:t».
11-79
4,000
Dale).
100f.a.2:hnHfl
US-
Ml)
goo
Il-Si
11-90
1.000
a,400
2.000
i.UOO
5,200
5,H00
(MXIO
2,800
100
11-.S4
IIIB!
400
ii-:n
UK)
11-IM
111)5
11-BH
11»7
i<-m
1200
1301
500
700
400
200
12-Oa
1204
1205
12-0«
2,300
For September.
700
ll-.W
11-55
11-56
11-57
11-58
7,900
2,700
2,S00
5.500
4,000
6.000
S,»00
6.200
8.100
B.UOO
S.fOO
2,700
1.700
600
400
5,300
18,600
1169
11-60
11-61
411,200
3,600
1,700
Il-.'i7
3,100
S.WJO
11-39
.'1.000
11-41
11-42
11-43
4,200
1,200
11-44
11-45
900
700
1,000
1,100
HOO
SCO..
4U
700
800
U-IO
1,500
4Ji00
6.000
3,800
1,S00
2,200
1,200
1,300
SOO
100
100
100
SOO
600
100
56,900
For NoTember.
11-13
ll-!6
2.700
1,7(X)
800
U-24
11-70
11-71
11-72
11-T3
1,000
11-25
11-28
11-27
11-28
For April.
n-82
U-40
500
800
11-41
100,
100
200
600
200
100
11-42
11-4;j
11-44
11-45
U-4a
11-47
11-4S
100.
11-18
11-19
11-21
For May.
U-22
1.200
U-40
11-25
11-27
11-28
100
11-44
11-47
1117
11-18
11-19
11-20
11-21
11-22
11-23
200
U-89
2,400
For Janaarr.
U-17
300.
11-63
lies
U-69
11-88
11-37
100
11-.'J2
11-67
;i-86
...11-27
...11-28
21,7002
U-."il
11B6
U-25
1,300....
100....
11-47
11-48
!l-49
11-50
500
400
900
700
300
200
11-6.!
lOf)
200
200
Il-!t8
U-SO
U-Sl
100
11-14
11-IB
11-17
11-18
11-19
11-20
11-21
11-22
,11-23
11-24
11-88
11-88
11-88
200
200
..11-15
4.(HK)
11
too
1,100
SOO
900
500
4,.'-;<»l
5.600,
U-IU
ll-m
1,800
ii-m
2,Hoo
I.61X)
11-63
11-64
11-65
..
For October.
1131
1101
Ct'.
11-10
ll-Il
800
800
400
100
iiiTioo
IlfS
33,200
Stnine<t.
ul't'n
For forward delivery, the saU-H have reached during the' week
353,500 bales (all middling or on the basis of mtddlinif), and the
following is a statement of the tiles and prices:
For AuguHt.
B«'c«
CI..
For December.
nale«.
CU.
I.20()
1214
Spec- TraO'
Total
2,200
12ifl
1:11,
Kalr
lOia
lO's
1138
1111,8
Con-
sump,
St<'ady, rev. quo.
S!IH)
N.Orlcans.
SALES.
Bx-
Mon Firm
Tues Steady
Wud Finn
TllllIH Finn
61
OK SPOT AND TRANSIT.
port.
Firm, hlglior
Sat
2,7iXP
Uplands.
«''•
J
2,000
400
100
200
U-48
11-49
11-50
11-53
11-53
1,800
For February.
11-17
11-20
11-22
11-S3
11-28
11-27
11-28
100
200
800
400
200
2f.0
200
000
400
700
200
700
11-54
11-55
u-sa
U-ST
6,500
800
100
S.iXX).
have been caused
1,900
300
USD
1,600
11-29
11-74
600
1,400
For Jane.
almcst entirely by the rapid reduction of stocks and an anxiety
11-75
11-30
11-53
600
100
3,000
regarding supplies for the next three months. The weather has
11-78
400
1131
11-58
300
100
11-77
For Marcb.
1,600
been favorable to the maturing crop, and under ordinary circum11-78 15,300
11-21
900
200
stance, an unusually large movement for August might bo
The following exchanges have been made during the week:
expected, but it remains to be seen how much delay may be
•51 pd. to exch. 100 Dec. lor Sept.
-42 pd. to eich. 500 Ncv. for Sept.
caused by the yellow fever at New^ Orleans. Towns in the Mis•50 pd. to exch. 100 Dec. lor Sept.
sissippi Valley are much alarmed, and strict quarantines have
will
show
the
closing prices bid for future
The following
been established. Yesterday, there was some further decline,
especially for the later months, which closed considerably below delivery, and the tone of the market at three o'clock P. M., oa
the figures of the previous Friday, while the early months were tho several dates named:
slightly dearer.
To-day, under dull accounts from Liveri^ool and
MIDDLING UPLANDS— AMERICAS CLASSIFICATION.
very favorable croj) accounts, there was some further decline.
Mon.
Frl.
Sat.
Tuc.'!.
Wed. Thurs.
Frl.
Market
Firmer Firmer. Finner. Firmer. Ijower. Lo-wer. Lower.
The total sales for forward delivery for the week are 353,500
11-9?
11-97
12-01
11-92
11-87
11-94
11-88
August
bales, including
free on board.
For Immediate delivery the Septcmlier
11-65
11-73
11-75
11-58
11-63
11-59
11-56
total sales foot up this week 13,642 bales, including 2ij0 for October
11-41
11-36
11-37
11-48
11-51
11-39
11-32
11-22
11-22
11-28
11-30
11-21
11-17
11-14
«xport, 12,503 for consumption and 850 for speculation.
Of Noveiubcr
11-18
11-18
11-25
11-25
11-18
December
1113
1111
the above,
bales were to arrive.
The following tables show
11-20
11-25
11-25
11-19
11-15
11-12
11-19
January
the official quotations and sales for each day of the past week:
11-31
11-20
11-24
11-30
11-25
February
ll-2(i
1117
11-31
11-32
11-38
11-38
11-32
11-27
11-24
March
lost.
The improvement above noted seemed
to
I
|
1
—
—
Batunlay, Aug. 3
UPLANDS. AI-ABAMA
Mon
Sat.
^ fl). 101 18 IOI18
107,8
GoihI (trdiuarv. .. lOliio' 101*18
Strict (ioi'd Ord... 113,8 11°16
Low Miildliiiir
11»18 11»I0
101,6
107,8
to Filda.v, Aug. 9
Sat.
Ordinary
men
N.
ORLE'NS
Mon
Sat.
TEXAS.
101,8 103,6 103,8
10lj„ 109l6 109,8
103,8
109,8
lUlS 111,6
11^16 115,8 ll"l8 ll'l6 U'^ia
119l8 119,8 111*18 lli'is 1111,8
Strict I^w Mid
11% 11% 1138 11% 1^8 11-8 11^8
Mldilliiif
1115l6 111518 111518 1115i6 12118 J^Il*
GiKKl MiddlMii,'.... 123,8 123,8 123,, 1231, 125,8 120,8 }H-16
125,8
I2I2
Strict Cdod.Mid... I2I2
12% 12% 1208 1208 1208
Strict Oiiiiuaiy ...
103,6
109,6
111,8
llija
111I16
101->i8 101^1, III18
I
I
Ifs
121,8
125,8
12=8
13
13
13% 13% 13% 13%
13% 1334 1334 IS's 13T8 13^8 137s
TaesjlVed {Toes TTed Tnea Wed Tues Wed
Mlddliiii: Full-
13
Fair
1334
^
'liniiry
lb.
lict Ordinary .
d Oriliiiiirv
13
10%
10%
10%
10%
10%
10%
II
11
k-l (Jo.id O'rd... 1138
'"wMiddliin:
11"8
Htrict Low Mid....
11
11% 1138
H»8 It's
111318 1113,6
12
MidiUiiit'
10% 10% 1014
10% 1008 105s
11
11% 11%
1138
11% 11%
ll"^
11%
111316 III616
U%
12
12 14
12%
12%
10'4
1058
11%
11%
I014
10^8
11%
11%
11%
1134
1115,6 1115,8
12%
12%
Good Middling.. 1214 I2I4 I2I4
1238
1238
1238
12%
-Hid (ioodMid... 129i8 12»,8 12",e 12",o 121116 1211,8 1211,6' 1211,6
.
I
131,8 131,6 131,8 i:^i
133,6 133 J8 133j6 133'i«
1313,8 1313,6 1313,c:13i::|8 1315,6 1315
1315,6' 1315
li'ldliiitrFalr
ur.
Th. Frl. Th. BTl.
"
V
^B),
dinary. ..
10%
10%
11
1138
w MiiMlinir
It's
icf r.f>wMld...
1113,6
-•i"lV.-.u^-..
12
'"""' Ml. Idling.... 12'4
>-":.:
.....dMld.
12»18
'"liliuii- Fair
131,8
,ir
131^18
'linary
•
It i.,p,,,10rd...
.
Th
Frl.
Th.
10%
10%
10 14
lOOs
lOfg
IOI4
lOOs
10%
10=8
11%
11
11%
11%
11%
11%
11%
11%
11%
11%
IIII16 11%
IIII18
lliii8 It's
111516 1134
11^8
111316 Ifs
1110,6 12%
111518
12
12
12
12% I214 12%
123,, 12 14
!23,6 12%
12716 12%
12% 12»16 12% I21I16 12% 121I16
13
131,8 13
13»,6 V.iH
133,8
1308 13l4,8 ISN
131*18 1379
1315,6
Sat.
mon
Taetl
Wed Th
lOlis
10»18
11116
101,6
10»,6
111,6
10%
I.0W Mi. Idling..Mlddliiiir,...
11%
11%
STAINED.
good
Oi-,llnary
Strict
<;(>o<l
Ordinary
Frl.
10>4
lOOa
10%
$
lb.
1078
1111,6
1116,8
12%
I2I4
127,6
12%
I314
1373
10%
10%
10=8
110^(
lO'-e
11%
11%
1114
11»18
11%
'119,8 lll»lB
Dull.
12-00
Finn.
Weak.
Weak.
F.Miy.
Gold
100%
100%
100%
100%
100%
100%
100%
Exchange
4-80%
4-80%
4-81
Transfer orders
Closed-
11-40
11-48
11-95
11-46
11-54
11-45
11-54
11-61
12-05
11-39
11-48
11-53
11-95
4-81%
11-34
11-43
11 -.50
11-95
4-81% 4-81% 4-81%
The Visible Supply of Cotton, as made up by cable and
The Continental stocks are the figures
telegraph, is as follows.
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequentlybrought 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:
1878.
1877.
1870.
1875.
599.000 918,000
873.000
924.000
Slock at Liverpool
96,250
13,750
36,000
40,000
Stock at London
Total Groat Britain stock
Stock at Havre
St ock at MarHciUes
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
:
Stock at Antwerp
Stock at other couti'utal ports.
012,750
140,500
8,000
33,000
7,750
34,250
44,750
9,000
6.500
18,000
Total continental ports
301,750
.
914,500
229,000
India cotton afloat for Europe
49 .(KM)
Aincr'n cottcm alloatforEur'pe
7.000
EKy|)t,Brazil,A-c.,aflt for E'r'pe
65,020
Stock In United .States ports ..
4,380
ports..
interior
Stock in U. S.
2,000
United States exports to-day.
Total European
stocks..
..
.
Frl.
11%
1
11-90
Steady.
11-32
11-40
11-46
11-90
Quiet.
ll-ll
11-49
April
M,ay
Mon. June
Sat.
954,000
221,750
7,000
64,000
14,000
73,2.50
43,730
10,750
7,7.50
13,250
455,500
1
913,000 1,020,250
180,000
162,000
6,500
7,500
82,000
81,000
11„500
11,7.50
41,7.50
58.500
41,000
61.000
11,000
15.250
4,000
17,2.50
15,000
20,250
434,250
393,000
,109,500 1,347,250 1,413.250
294,000
58.000
15,000
149,612
11,148
4,000
421.000
92.000
22,000
156,632
17,687
518,000
50,000
29,000
105,859
8,188
1,000
lOll
10%
Total visible supply. balos.1.270.900 1,941,260 2,036,509 2,125,297
Of tho above, the totals of American and other aescriptlous are as
follows
THE CHRONICLE.
152
Am^rtean—
Coutliicntal Blocks
AiucricanuttoattoEurope....
United States stock
Baited States interior stocks..
United Stotes oxiwrts to-day
.
Total American
bales.
492,000
325.000
92.000
156.632
17,687
518.000
192,000
50,000
105.859
877,400 1,182,260 1,083,319
875,047
381.000
40,000
109,250
421,000
23,000
406,000
96,250
201.000
518,000
29,000
Eatl Jntlian, Brazil, <Ce.—
Llvcri'""' stock
London
^JvSjX
8to<'k
iu'Z5x
„„X'A«J;
229,000
7,000
Continental stocks
India afloat for Europe
Egypt, Brazil, &o., afloat
1875.
1876.
1877.
1878.
482.000
^75,000
4?.292
^?'9s2
4.380
2.000
twr^^of Block..
593.000
366,500
,5?.'2VS
'?V'?}s
11-1«8
4.00"
325,000
36,000
89,000
294,000
15,000
8,188
1,000
not extending inland, the rainfall during the week reaching two.
The crop is developing promisingly, and picking is makinches.
ing fine progress. The thermometer has averaged 83, with an
extreme range of 73 and 93.
Corsicana, Texas.— There has been a sprinkle here on one day,
the rainfall reaching three hundredths of an inch. The crop is
developing promisingly. The bottom crop is safe and very abtmPicking has begun. The weather during the week has
dant.
been terribly hot, the thermometer averaging 75, and ranging
from 73 to 104.
Dallas, Texas.— It has rained on one day this week, a shower,,
with a rainfall of thirty-five hundredths of an inch. Good progress is being made in clearing fields of weeds, and crop accounts are
more favorable. The crop is developing finely, and picking has
The land between here and the Red River, thrown out
beo-un.
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, highest 103, 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. Picking is making good progress. The crop is doing as well as posThe thermometer
sible, and promising as much as can save.
has averaged 85, the highest being 95 and lowest 77.
New Orleans, Lovisiana. It has not rained here all this week.
393.500 759,000 973.2.50 1,250,250
877,4001,182,2601,083,319 875,047
Total Fast India, Ac
TStoiAmerican .":.:::.::...
1,270.900 1,941.260 2,050,569 2,125.297
Total Tisible supply
7i8d.
Od.
658d.
63i6d.
PriceMid.Upl., Liverpool....
These figures indicate a decrease in the cotton in sight to-night
of 670,361) bales as compared with the same date of 1877, a
decrease of 785,669 bales as compared with the corresponding date
of 1876, and a decrease of 854,397 bales as compared with 1875.
At the Interior Ports the movement—that is the
and shipments for the wee^ and stocks to-night, and
—
receipts
for the
.
eorresponding week of 1877— is set out in detail in the following
Statement:
Week ending
Au). ,9, '78.
Week ending Aug.
Stock.
Receipts Shipm'ts Stock.
Hasliville,Teun..
24
387
94
33
82
14
10
346
111
154
6,570
1,004
Total, old ports.
1,157
2,419
4,330
690
2,045
11,148
92
79
19
150
23
4
25
28
11
1
6
123
79
271
166
225
81
Macon, Ga
Montgomery, Ala
Belma. Ala
Memphis. Tcnn..
23
66
34
704
263
444
424
690
460
1,712
average crop.
few days.
627
782
67
56
252
55
914
293
Augusta, Ga
Columbus, Qa
395
274
103
77
10
517
716
200
..
70
.
Vicksburg, Miss
13
Columbus, Miss..
Euf aula, Ala
19
GrifHn, Ga
Atlanta, Ga
8
77
360
94
48
47
56
80
93
481
90
170
....
1
1
17
128
250
3
17
154
312
538
1,281
24a
20
22
69
411
572
1,836
1,153
1,757
Total, new p'rts
1.294
2.691
3,966
877
1,715
10,426
aU
2.451
5.110
8,346
1,567
3,760
21,574
Komc, Ga
Cliarlotte, N. C...
Louis, Mo
Cincinnati, O
Bt
Total.
79
110
366
20
105
463
451
2,59C
5,205
The above totals show that the old interior stocks have
decreased during the week 1,263 bales, and are to-night 6,768
bales less than at the same period last year. The receipts at the
same towns have been 467 bales more than the same week last
year.
—
Receipts prom the Plantatioxs. Referring to our remarks
iu a previous issue for an explanation of this table, we now bring
the figures down one week later, closing to-night:
RECEIPTS PROM PLANTATIONS.
Week
•nding-
Receipts at
1878.
Stock at Inter'r Ports Rec'ptB from Planl'ne
1876.
1877.
1878.
9.390
12,.380
82,569
57,603
3t,154
5,314
14
8,444
8,686
11,28!
76.054
62,164
29,315
1,929
3,171
6,392
"
21.
10,493
8,586
10,721
67,712
45,769
23,237
2,151
2,141
4,693
"
:».
8.56P
6,519
6,879
61,078
35,811
21,840
1,925
5.
57,865
32,077
19,676
6,448
..
7.
1677.
Ports.
10,456
Jnne
1876.
tlie
1876.
1877.
1678.
A new
was received yesterday.
bale
The weather
—
I
Dallas, Texas
Jefferson, Tex.
Shreveport, La
full:
Picking has commenced and will be general in a
during the week has been hot and dry, the thermometer averaging 86, and ranging from 74 to 98.
The thermometer has averaged 83
Vicksburg, Mississippi.
during the week, with an extreme range of 71 and 99. It has
rained on two days, the rainfall reaching twepty-three hundredths
First new bale, middling, 489 lbs., &old at 15c.,
of an inch.
1,514
1.032
—
83.
Louisiana. —Prospects continue favorable for a
The thermometer has averaged
10, '77.
Shreveport,
Receipts Shipm'ts
[Vol. XXVIS.
received to-day (Friday).
Columbus, Mississippi. The weather here has been dry all the
week, but there have been local showers in the surrounding
Average thermometer 85, highest 96, and lowest 73.
country.
Caterpillars have made their appearance, but did no hai-m.
The week just closed has been dry,,
Little Rock, Arkansas.
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 thermometer has ranged from 68 to 95, averaging 81. The rainfall
has readied two inches and five hundredths.
have had rain on one day of the
Nashville, Tennessee.
week, the rainfall reaching eighty hundredths of an inch. The
thermometer has ranged from 71 to 93, averaging 83.
Memphis, Tennessee. It has rained on three days this week,.
Rust isthe rainfall reaching twenty-five hundredths of an inch.
developing badly. Much damage has been done, and much more
Thermometer, highest 95, lowest 75, average 83.
is feared.
Mobile, Alabama.
It has been showery three days this week,,
and rained severely two days, the balance of the week having
been pleasant. Accounts from the interior are conflicting. The
thermometer has ranged from 73 to 97, averaging 83.
Therainfall for the week is three inches and thirty hundredths.
First new bales received this year Aug. 3, and last year Aug. 11.
Montgomery, Akibama. During tlie earlier part of the week
we had rain on three days, but tlie rest of the week has been
clear and pleasant, though rather hot.
The thermometer has.
averaged 83, the highest being 97 and the lowest 73.
have
rainfall
inch
had a
of one
and ninety-two hundredths.
Akibama.
have
Selma,
had rain on two days the earlier
part of this week, but the latter portion has been clear and very
hot.
Crop accounts are more favorable, but much damage is
feared from the ravages of worms, which have appeared pretty
generally.
Average thermometer, 60.
The rainfall has been
three inches and fifty hundredths.
Madison, Florida. It has rained here on three days of theweek, the rainfall reaching eighty-eight hundredths of an inch.
The thermometer has averaged 86, the extreme range having been
90 and 83. There are some complaints of rust and shedding^
Caterpillars have been seen, but have not done much damage so
—
—
— We
—
—
—
We
7,6C9
4,832
—We
i
Jnly
"
"
•
Aug.
"
8.661
6,104
5,949
18.
5,237
8,368
4,384
6.005
4.404
53,736
23,997
18,033
1,876
1,32(
3,645
19.
6.048
8.676
3,762
49,552
27,979
15,494
888
2,658
1,243
86.
6,58!i
8.899
4,086
47,151
25,361
12,527
3,158
681
«.
B,l!i3
2,691
3,611
42,372
22,472
11,005
374
9.
6,871
8,102
S,C69
35,18i
21,574
8,346
74.ST>
55.235
67.0.V.
Total.
23,063
1,119
8,149
1,804
4!0
13,647
36.376
This statement shows us that although the receipts at the ports
the past week were 3,069 bales, the actual from plantations
were only 410 bales, the balance being drawn from stocks at
the interior ports. Last year the receipts from the plantations
for the same week were 1,304 bales, and for 1876 they were
iMdes.
Weather Reports by Telegraph.— In
—
far.
—We
Macon, Georgia.
but not a good one.
by want of
rain.
have had a rain on one day this week,
The
cotton plant
to-night are very favorable, the rains being mostly on the very
coast.
The condition in the Southwest has of late materially
not looking well, caused
85, highest 98, and
lowest 71.
Columbus, Georgia. Rain has fallen on four days of the week,
the rainfall reaching four inches and three hundredths.
are
having too much rain.
have had an unusually severe stonn
this week, and much damage is feared.
Crop accounts are less
—
general, our reports
is
Average thermometer
We
We
The thermometer has averaged 83.
Savannah, Georgia. It has rained here on three days, the rainThe points where just at present there is
fall reaching two inches and thirty-two hundredths.
The rest of
seem to be the section about Columbus, Georgia, and Eufaula the week has been pleasant, but warm. 1 he thermometer has.
averaged 84, the highest being 98 and the lowest 73.
Alabama too much rain is falling there, and the caterpillars are
Augusta, Georgia.
he weather during the week has been hot^
causing apprehension, though no harm has as yet been done
by It has rained on one day,light,the rainfall reaching two hundredths
them.
of an inch, but the balance of the week has been pleasant. AcThree bales new crop have been reOalveston, Texas.— It has rained hard on five days this week, counts are generally good.
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
Charleston, South Carolina.
We have had light showers on
73
The rainfall has reached three inches and sixty-eight hundredths. four days this week, the rainfall reaching ninety-eight hundredths of an inch. The thermometer has ranged from 77 to M,.
Indianola, Texas.— We have had rain on three days, hard,
but averaging 83.
improTed, and the prospect in Texas now
very satisfactory
the most anxiety would
;
is
favorable.
—
—
l
—
|lCOD8T
THE CHRONICLE.
10, 1378.]
153
—
George & Brothers, brokers, at 12^ cents, one bale for shipment
CoxPARATiva Port Rbckipth and Datlt Crop Motembnt.
of the port movemHOt hj weeks in not accurate, to New York and the other for shipment to Robert Dempster,
A cinipariaria
aa ilin week* in difler»at years do not ead oa tlie aaine day of the
Wo have consequently added to our other standing
month.
tables a daily and monthly slatement, that the reader may conatantly have befDre him the data for seeing the exact relative
movement for the years named. First we give the receipts at
oich port eacli day of the week ending to-night,
POUT KKriMl'Til FROM SATURDAY, AI'il. 3, '78, TO rBIDAV, XVO. 0, '78
New
of
Or-
wo'k leans.
S»t..
62
Hon
60
Tni>s
153
174
Wed
Mobile.
Char- Savan- Oalnah. vost'u.
les ton.
7
115
35
17
43
50
33
43
35
rhiir
46
FrL.
143
23
31
19
128
102
rofl
638
211
354
...•
'.
)ct<>l>6r.
JSovemb'r
Beeemb'r
•Anoary
.
Insbruaty.
-KMeh...
-April
.. ..
May
June
July
ton.
1877.
692
3,069
333
187
8
since Sept. 1 has been as follows:
98,491
578,533
822,493
900,119
689,010
472,054
340,525
197,965
96,314
42,142
20,240
1875.
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,191
68,939
30,030
17.631
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
29,422
1874.
134,376
536,968
676,29.^)
759,036
444,052
383,324
251,433
133,598
81,780
56,010
17,064
115,255
355,323
576,103
811,668
702,168
432,688
332,703
173,986
127,346
59,501
31,856
1872.
184,744
444,003
530,153
524,975
569,430
462,552
309,307
218,879
173,693
72,602
83,515
rot.Jr.31 4,258,486 3,957,386 4,085,531 3,473,936 3,768,597 3,573,353
'Perc'taife of tot. port
raiieipta
July 31
98 00
97-.S3
99-34
9906
by Williams, Black &
August 5, and sold kt
Exchange by John II. Draper ti Co.
was purchased by Macaulay & Co. at 30 cents, who shipped it
97-88
This Statement shows that up to Aug. 1 the receipts at the
tsorts this year were 301,100 bales more than in 1876 and 173,955
'•ales more than at the same time in 1875. By adding to the
'Above totals to Aug. 1 the daily receipts since that time, we shall
%e able to reach an exact comparison of the movement for the
•different years.
1876-77.
1875-76.
1874-75.
1873-74.
Davidson
1872-73.
•«»t.Jy 31 4,258,486 3,957,386 4,085,531 3,473,936 3,768,597 3,573,853
139
421
635
8.
1,727
1,092
-AOK-l..
" 2..
724
1,465
264
521
S.
1,874
504
395
861
410
1,056
8.
3..
452
846
547
8.
390
2,781
4..
834
394
8.
701
2,175
5..
596
* 6..
B.
301
924
2,201
509
839
702
1,204
618
1,141
207
7..
529
•* 8..
1,168
S.
960
1,997
340
247
- »..
1,082
197
S.
1,744
364
700
•
^
"
-
Total.. .. 4,263,159 3,961,452 1,092,465 3,476,358 3,774,579 3,589,556
Klenentage of total
97-65
98-10
99-40
99-22
port receipts
9831
This statement shows that the receipts since Sept. 1 up to
to-night are now 301,707 bales more than they were to the same
day of the month in 1877, and 170,694 bales more than they
were to the same day of the month in 1876. We add to the last
teble the percentages of total port receipts which had been
leoeived Aug. 9 in each of the years named.
Si
Co., Liverpool.
Inchbased Earlt RECEirrs this Ybab.— The present counw
of the market
receipts
thi.s
is
much
influenced by a belief that the early-
year are to bo large.
We all know of the deficiency in
the visible su])ply, and well understand that,
even with the
decreased consumption, free arrivals aro necessary to meet th«
demand. What is to be the extent of the movement the next
three months is, therefore, just now the engrossing question. No
one, of course, can determine this, except approximately, but
any
1
movement
monthly
aa
must be the basis for
for previous years
First, then,
intelligent conclusion.
total
receipts during the three
we
give the statement of
months bcgiimlng Augost
for a series of years.
MONTHS.
October
1877.
1876.
1875.
1874.
14,462
98,491
578,533
33,626
236,868
675,260
13,524
169,077
610,316
23,394
134,376
536,968
1373.
46,467
11.'5,255
355,323
This Statement does not, however, furnish us much of a guide,
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
for our comparison
leading port contributed last season
1877.
N.Orloans.
Mobile.
:
Charleston. Savannah.
40
233
178
402
932
718
1,037
1,785
355
1,670
2,915
2,044
2,119
4,523
6,793
2,947
1,134
4,531
8,924
11,327
3,696
1,357
2,353
2,116
9,122
3,407
12,560
8,024
16,737
29,612
18,360
7,969
19,617
29,792
38,523
35.889
4,782
10,301
13,689
14,067
10,627
9,251
19,242
20,536
22,751
18,463
13,811
24,714
25,011
27,047
17,182
9,404
19.123
20,082
19,879
13,098
131,790
53,466
90,243
107,765
81,586
39
80
104
166
140
1.56
273
111
139
2,795
560
438
957
28....
30....
1,364
1,339
2,733
5,474
1,650
Total Sept..
Oct.
Total
31....
Aug
.
Sept.
7....
"
14....
"
21....
"
"
"
"
"
"
5....
12....
19...
26....
31....
Total Oct.
With
.
Galveston
174
203
159
200
301
70
168
760
352
766
749
Aug.
3....
"
10....
"
17....
"
24....
"
1877-78,
Co., of this city,
auction in front of the Cotton
analysis of the
1.
1873.
last
It
405
249
136
MisHtsstppi Valley Cotton.— The first
now cotton from the Mississippi Valley, which wo reported
week as having reached New Orleans July 31, was received
to Barnes,
....
36
10
77
3
The First Bale of
bale of
Total.
395
596
609
539
310
700
44
86
86
82
1876.
All
others.
70
137
178
43
79
180
131
127
Year Boginnlug September
Uonthly
Si"i)t'uib'r
ming-
folk.
24
15
23
30
10
83
The movement each month
Beuelpts.
36
40
Wil-
Nor-
Liverpool.
the aid of these figures, each reader can readily reach a
what will be
movement. First, and as an illustration, take
the port of Galveston what increase can we expect there ? I'he
New Cotton at Vicksbcrg.—We have to-day (Friday, Aug. 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
It was classed as mid9) received our first bale of new cotton.
dling, and weighed 489 lbs., and was sold to-day at 15c.
Last expect the movement would be two weeks earlier? But last year
was not as favorable as this in other particulars. For instance,
year the first bale was received August 14.
Kkw Cotton at Bhrbtbpobt. Our first hale of new cotton the present promise in Texas is, as every one admits, of a crop
-was received here yesterday, Thursday, August 8.
Last year our decidedly larger than the promise the middle of last August and,
further, after the first two weeks of September, 1877, that
flnt bale was received August 9, and the year hefore August 6.
New South Carolina Cotton at Augusta. We learn by State passed through the most miserable season within its
Of course it
telegraph to-night that three new bales have been received at experience for picking and marketing cotton.
Angusta the past week two from Georgfa and one from South is possible that the expectation of an increased yield
Carolina.
Last year the first bale was received on August 37, may not be wholly realized, and that this fall may be
as
unfavorable
as
last
fall
but the present of any
Xrom South Carolina.
New Cotton at Eufaula. The first bale of new-crop Ala- market is generally governed by the existing condition con.
bama cotton was received here August 7, and sold at auction the tinued, rather than by the anticipation of some evil not ytt
«ame day to Messrs. Simpson & Johnston at 18i cents per pound. threatening. And as we are seeking to know what the market is
It was raised by Major William N. Keeves, of Barbour County.
to be in the near future, we must theorize on the supposition
New Florida Cotton. The first bale of new-crop Florida that mtil disaster comes or is believed to be imminent, the
cotton was received at Savannah, Saturday, August 8. The course of prices will be determined on the supposition that there
Savannah News says it was 'received by L. J. Quilmartin & Co., is to be no disaster. With regard to the receipts at New Orleaas,
of Savannah, from C. T. Carroll, of Monticello. It classed as we have as a draw-back the yellow fever; but it is quite questionstrict low middling, and was sold to Johnson & Jackson, also of able whether its effect will not be almost wholly to divert a
Savannah, for 14 cents per pound.
portion of New Orleans' natural movement elsewhere if, howNew Cotton at Mobile. The first two bales of Alabama ever, the disease should become much more severe or mor«i
new cotton were received at Mobile, August 3, and were sold at extended, it might operate as quite a hindrance to the movement
•action in front of the Cotton Exchange and purchased by E. V_ in that section. As to Savannah and Charleston, the general
conclusion which will satisfy himself, at least, as to
this year's early
—
—
;
—
—
;
—
—
;
—
THE CHRONICLE.
154
[Vol. XXVII,
that the September and October movement will be
ten
essentially in excess of 1877 this expectation is due to a
considerable
days' earlier crop and to the prospect of a very
have not time at present to
increase in the total yield.
other data
enlarge further upon these points, and may give some
Nbw Orleans—To
for comparison another week.
Bombay Shipments.— According to our cable despatch received
bales shipped from Bombay to
today, there have been
Great Britain the past week and 3,000 bales to the Continent;
while the receipts at Bombay during this week have been 3,000
The movement since the Ist of January is as follows.
bales
These are the figures of W. Nicol & Co. of Bombay, and are
brought down to Thursday, Aug 8:
New York
expectetion
is
;
BhlpmcntB
this
Great ContiBrifn.
nent.
week
_
Total.
Shipments since Jan.
Great
,
.
Britain.
Receipts.
1.
Tills
Continent.
Total.
Week.
Since
Jan. 1.
2,000 2,000 286,000 386,000 672,000 3,000j 842,000
1878
1,000 370,000 399,000 769,000 2,0001 988,000
1877 1,000
6,000,521,0001315,000 866,000 2,000l 984,000
1876 6,000
From the foregoing it would appear that, compared with last
year, there has been an increase of 1,000 bales in the week's shipments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 97,000 bales,
compared with the corresponding period of 1877.
Gdnnt Bags, Bagging, Etc.— Bagging has been rather more
inquired for during the past week, and the demand is increasing.
This inquiry is said to be owing to the quarantine now existing
at New Orleans, and the orders are coming from points that
usually supplied themselves from that city. The sales foot up
about 3,000 rolls, mostly on the basis of ll^c. for standard quali"I'he market closes steady, at lOjc. for 2 lb. and lli@llfc.
ties.
Butts have not changed, and the sales making are
for 2J lb.
only of small parcels, though the aggregate quantity is fair, and
mostly at 2 ll-lG(a2|c., time, the latter price being for good
bagging quality. The market is in good shape, with the stock in
few hands, and we look for steady prices to rule for some time to
come.
xportaotOotton(bale*)rroni
New YorK alnceSeDt.I, 187V
WKEX iNDrae
July
July
Joly
17.
Ji.
31.
3,318
5,695
1,250
Same
period
to
date.
prev'ut
year.
Aup.
7.
651
100
15
Other BrltiBh Porte
Total
325 854
5,85;
6,559
are as follows
1.383
6;4
5,695
3,318
a3i,iii
Hull.
100
Havre.
813
8,390
2.3 5
....
....
....
Total
3,851
..
218
881
9,544
Other French ports
9,639
Bremen and Banovet
H&mbnrg
20,718
4,986
19.206
....
Total to N. Europe.
44,910
paln,OportoAaibra!UrAc
....
2,330
2,3
AllotherB
Total Spain,
See
2.390
6,5;9
to vessels
Gerow, from New Orleans July 23. for Liverport wag inn at bore by Ihe
head of Soa'h Pass, at 7 A.M. of the 3lBt. The
M. H. G. got off and went to sea Aug. 3d.
dismasted aid abandoned, was again
St. Mioehl, brig of Chatham, N. B
fallen in with June 22, lat. 35:35 Ion. 63:00, by brig Princets Beatrice
(Br.), on her last outward passage to Point-a Pitre.
Cotton freights the past week have been as follows:
Havre.
Bremen.
.— Uambar^.^
Liverpool.
,
Steam. Sail. Steara.
Sail.
SaU.
Steam. Sail.
Sail.
Steam.
Minnie H. Gerow,
ship
(Br.),
pool, while being lowed
tns; «n 'he dyke at the
down from former
,
,
,
d.
d.
~
—@!<
—@K
—©if
Thursday — @^
Friday.... —
Monday..
Tuesday.
Wed'day.
,
c.
—
,
,
c.
c.
c.
.
c,
c.
% cp. — @?i 11-16 comp. }i % comp. —
—@<i 11-16 coniD. Vi X comp. —
\ comp. —
X cp. —&li 11-16 comp.
% cp. —®'4 11-16 comp. a 5^ comp. —
11-16
—
comp.
cp.
V,
@!i
Ji
*i comp. —
X cp- —©H 11-16 comp.
li comp. —
15-64 CDmp.
15-64 comp.
•@V
Saturday.
— —
—
5i cp.
15-^ comp.
15-64 comp.
15-64 comp.
@3< 15-64 comp.
P. M.— Bv Cablb PROM LiverLiverpool, Aug. 9—
pool. Estimated sales of the day were 8,000 bales, of which
Of to-day's sales
1,000 bales were for export and speculation.
The weekly movement is given as
7,300 bales were American.
—
follows
July 19.
Sales of the
week
Forwarded
American
Of which exporters took
Of whicli speculators took..
Sales
.
709,000
566,000
3,000
2,000
4,000
185,000
45,000
week
Of which American
Actual export
Amoimt auoat
Of which American.
The following
week:
Saturd'y.
Spot.
..
table will
show the daily
Aug.
66,000
3,000
45,000
4,000
9,000
663,000
526,000
13,000
3,000
4,000
194,000
57,000
1,5,000
Total stock
Total import of the
July 26.
86,000
4,000
59,000
4,000
bales.
2.
Aug.
106,000
1,000
61,000
4,000
28,000
617,000
493,000
33,000
21,000
4,000
181,000
42,000
9.
38,000
2,000
29,000,
1,000'
3,00»
599,000
482,000
20,000-
18,000
2,000
167,000
31,000
closing prices of cotion lor the
Monday. Tuesday. Wedu'sdy Thursd'y Friday.
Mid. Upl'ds
Bonk
Bank ...®6's
..®658
...®6»8
...®65s
Mid. Orl'ns. Holiday. Holiday. ...®6%
..-S6%
...®6^ ...®6%
Futures.
Tiieec sales are on the basis of Uplands, Low Middling clause, unlea*
othei-wise stated.
Saturday— Monday.
Bank Holidays.
Tdesday.
d.
Delivery.
6II16
02I32
Pent
An ;.-Sept
9,033
ftp:. Oct. .-62332®"ie
9,033
AB!.-Sept
Nov.-Dcc
Shipment.
Shipment.
d.
6I632
d.
Oct.-Nov., n. crop,
omitted
sail
(fli
Oct.-Nov.,n.c'p,s'l 61532
Wednesday.
15,029
i.S7S
10,186
88,033
8,890
8,398
ISO
3,890
4,783
3.610
3.262
.390,46?
480
Delivery.
658
fep',.-Oct
02132® =8
Oot Nov
K«v.-Dcc
01732
61332
Aug.-Sept
Oct.-Nov
Nov.-Dec
Delivery.
61932I Jan.-Feb
6I3
Shipment.
6^8
Oct.-Nov., u. crop,
|
Anjust
Aug.-Sept
. . .
6%
sail
I
August
6I632
Oct.-Nov
Shipments.
61932
01932®<'l6
Jan.-Feb.,n.cp.s'l, 6II33
Sept.-Oot., n. crop,
6I2
Oct.-Nov
e^ie
,
SJdpments.
Delivery.
6I932®*16
Sept.-Oot
sail
.
I
Thursday.
Detttcry.
''
6%
Oct.-Nov., n. crop,
sail
6lis»
n.cp,sl 6113a
Sept.-Oct., u. crop,
Nov.-Dec,
eUjj
sail
67i8
Friday.
Grand Total
1.549
3.318
5.695
are the receipts of cotton at New York, Boston,
Philadelohiaand Baltimore for the oast week, and since Sept. 1, '77.
The following
tn-W TORK.
BOSTON.
FHII.ADELP'I.>
BALTUCORB.
This Since
week. Septl.
This Since
week. 8ept.l.
This Since
week. Sept.l
Delivery.
Aug.-Sept
Sept.-Oct
Oct.-Nov
Since
Sept
Shipment.
Delivery.
I
61I32
S173„
I
60i6@i732
I
Nov.-Deo
Shipment.
I
Nov.-Dec.,u.cp.,8l.66i6
67i8
Oct.-Nov., n. crop,
6U,j
sail
BRE A D S T UF FS.
Biox'TiraoH
This
week.
218
100
Below we give all news received to date of disasters
carrying cotton from United States ports, etc.:
Delivery.
218
S24
3.868
2,315
683
115
Votal Pr&ncb
Totil
883
3l(,504
35,1^4
3';9,938
Barcelona.
Liverpool.
554
Orleans
Baltimore.
Bostoa.
New
Delivery.
Total to Gt. Britain
883
9}
these shipments, arranged in oar usual form
The particulars of
Of which American...
Thb Exports of Cotton from New Tork this week show a
decrease, as compared with last week, the total reaching 3,263
Below we give our usual
bales, against 5,695 bales last week.
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:
i.gifr
Total
We
,
per steamer Andean, 8,815
175.-..Federico, 70i
Liverpool,
Baltimore— To Liverpool, per steamera Caepisn,
Boston- 10 Liverpool, per steamer Bohemian, 93
Fbidat,
The
market has
p.
M
,
Aug.
9,
1878.
'
some days past exhibited much
activity, and Hours of all grades from old wheat have advanced.
Hew Orleans..
8,909
208,559
80,345
1'..
1,118
61,461
8,310
4,660
The improvement in the demand has been most conspicuous in
Savannah
895
S85 30,981110,855
85,413
837 66,J8S
Mobile
the common extras froai spring wheat, large lines of which sold
3.246
Florida
b.7ilO
's
at $4 10(94 25.
"16
Flours from new winter wheat have been offered
'«74 50,553
8'th Carolina
10 lC9,30r
914
N-th Carolina.
S63
66,253
1
19.118
more freely, but have been readily taken for export at $4 30®
"'6
Virginia
437
163.017
eo.oif.
530 45,88-i
Nocth'm Porte
2
18,995
648 If7,508
4 90 for good to choice extras. Rye flour and corn meal were in
"39 42,790
Tenaeieee, Ac
76 143.1181
Hi 110,315
9^730
good demand and firm. To-day, there was a good general demand,
293
Foreign
6,i;8
17
but it was more readily met.
Total this year
6,641
939,836
9S0 144,443
39 78,879
1,448 15!, 626
The wheat market has been steadily advarcing, but the buiiTotal last year.
8,92S 345.4:3
3.92S
930,721
311 128,340
539I 63.9S0
ness was restricted almost wholly to winter growths, considertJHiPPiNQ News. The exports of cotton from tht United able portions
of which are in condition for shipment by steamer
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these only. Early in the week there were large transactions of No. 2
6,559 bales.
are the same exports reported by telegraph, and published in red and amber at $1 06@1 06i for steamer and $1 07i@l 08 for
Thb Chronicle, last Friday. With regard to New York, ne sail on the spot, and for August and September deliveries but
include the manifests of all vessels cleared up to Wednesday
yesterday prices had advanced at the close to $1
11 for
1.
flour
for
I
I
|
1
'
—
1
i
;
nieht of this week.
la — -^
«,
Haw
Tori—To
,
.
Liverpool, per steamers
877.... Adriatic, IS
ToUnl', perroimerLcpanto, 100
ToHavrc, per steamer Canada, 818
To Barcelona,
per bark Aurora, 8,390
The Qneen,
204
..
Total baJ es
Rusain
554
ino
oiq
.
V.
2a''o
I
10i@l
the same deliveries in sail condition. White wheats have also
b^en in demand at advancing prices, and yesterday sold to some
extent at $1 31@1 24 for No. 1 steam and sail condition on the!
spot; but prime No. 1 for September wag quoted at $1 19@1 30 ;i
1
I
AD008T
1878.
10,
THE CHRONICLE.
J
155
also, laBt evoninj:, 75,000
bu»li. No. 3 Milwaukee, |1 10.
Crop
accouDts coutiDue to be more or less contrnJictory, but, on the
whole, are more favorable. To-day, tlic market was quieter, and
KXPORTS FROM U-NITED STATES RRVflOARD P.mTB AND rBOK
MONTRBAL FOR WEEK ENDED AOO. 8, 187d.
the latest prices of resterday not fully supported.
New York.
Fnnii—
Boston
.
........
Flonr,
Wheat,
Rjre,
Paas,
bush,
Corn,
bnah.
OaW,
bbl*.
42,136
S,9J0
both.
buih.
bnah.
751.131
701,810
183,113
48,ISJ
Sl,:i93
>U,780
407
has been in good demand at improvlog pricei", Porlland
SOS
....
..
Montreal
8,i«d
121,165
SDS.TSi
18,»U
e8.67t
altbotigb supplies have iocrrased, both here and at tbe West; Philadelphia
2.S75
126,559
811.5)3
15,036
70.,36l
141,01!
....
and the weather has been very favorable to the growing crop, Baltimore
8,858
although in localities damage has been done by violont storms.
Toal for week.. 65,908 1,729,180 1,700.948
807,8.57
85.018
89,088
Previous week
69,857 I,5ii,3,726 1,651,S01
836,420
81,179
75,'88
YeH'.frday, No. 3 mixed advanced to 49@49Jc., spoi and August,
Two weeks ago
63.911
1,213,551
1,»<6,061
101,401
84,904
48,«88
983,310 1,373,9S4
181,758
and -lOJc. for September, and steamer sold at 47}(!547ic., spot and Thro.! \»eeks ago.... 63,744
88,923
13,108
The Visible Supply of (iRAiif, comprising the atocka la
August. To-day, the close was rather easier.
granary at the principal points of accumulation at lake and
Kye has ruled very firm, but rather quiet. No. 2 Western sold seaboard ports, and in transit by lake, canal and rail,
Aug. 3,
at Ooc. on the spot. No. 1 State, 07(gC8o. on the spot, and Coc. for
1878, was as follows
Wheat,
Com,
Oat»,
Barley,
Rye,
September.
In Stork at—
bush.
busb.
buth.
bash.
bush.
Oats materially declined under free offerings. No. 2 Chicago New York
1,068,198
340,137
470,475
804,380
8«,18«
80O
82,000
90,800
38,500
41.900
sold at 33e. on the spot and 3tc. for September.
To-day, the Albany
Bnlfilo
13I,:)69
168,134
....
9,093
4,JST
marknt was quiet, with No. 2 gr.ided quoted at 32te. for mixed Chicago
.325.941
1,052,476
128,730
853 613
7i,Mi
.Milwaukee
613,776
2J,9U
85,614
358,5:3
13.S0t
and 33ic. for white, but the former sold for Augusi delivery at Duluih (Ju'y 97)
13,874
....
...
Indinn corn
.
'.'.'.'.
:
.
Toledo
31c.
The following
are closing quotations
Ga»rK.
Flodb.
Wheat-No.3 8pring.bueh$l 02®
fl bbl. $-2 5:® 3 15
No. 2
Sarcrfine State
:
West-
Si
ern
3 50!* 4 00
Kstra State, &c
WcsttTQ Soring
4
10®
4 55
..."
4
4 SO
doXlCaadXXX
4
05®
403
25®
extras
Wheat
X and
do winter
XX.
a
family
and
40®
Corn meal— Western, Ac.
Corn mval— Br'wine, &c.
1
1
Corn— West'n mixed
.
.
4
3
8
2
00®
40a
SO®
6 50
4 S>
3 30
Barley
11
Montr.al
11
25
49
Philadelphia
Peoria
Indi nipolis
iia
KansasCity
52
SS
63
«8
33
65ia
36>(f
....a
9J®
,
EXPIRTS FROM
Same
1877.
ek.
So.liS
1.4»0,H5
4.42.5
UifiOi
Flour, bbls.
68,0« 2,3 7,7ii9 l,'i59,:01
4,i60
C.meal, "
152,797
14\417
Wheat,bn8.1,e05,40O 28.3l6.(r2S 3,113,911
•'
Corn.
1,3.58,149 21,I>C1,198 16,.'iT3,49)
••
Rye,
61,6JJ 2,127.195
447,373
Birley, "
•8l,-i08 •2,6i),8i5 *2,1J4,7I7
Oats,
"
329,107 7,160,jll f,2ja,116
w
Since
Jan. 1.
760.771 26,06l,9.«
73S95I i;, 119,015
47,i3i 2,427.5)7
....
1,.50J,698
2n,434
1,939.806
For the
,
week.
Jan.
1.
16,715
S7i',407
3,133
13;,h44
99 258 4,U03.807
804,104 13.841,379
53,181
835,060
68.079
719,770
3,274
98,122
Including malt.
Flour,
bbls.
(196 lbs.)
Chicago...
99,824
89,697
Kilwaakee
Toledo.
...
Detroit.
...
e..3S3
devel»nd.
St. Louis..
Peoria. ...
Dolatn.
... -
Wheat,
••
Corn,
bn-h.
Oats,
bush.
Bailey,
bush.
Rye,
bush.
lbs.)
(65 Ibi.)
(32 lbs.)
(48 lbs.)
(S6 lbs.)
331.3I7
215,960
511,406
335,V55
1,879,680
1J.80)
198 4'15
1,219
7,950
186 965
229,400
423,4J:
4J,100
9,393
8,167
12,150
131,623
104,250
7,284
6i,4.?l
9,1
11,280
1,8)5
bush.
(f,0
2,^13
.33,200
32..!!25
450,623
1,835
—
1,171
.
7,10J
1.933,4-i4
2,516,409
731.427
1,870,576
2,20.3, ill
589,68:3
7!)5,li3
701.81.'
2,'!I0,9)5
24J.9S5
35,995,451
11,086,658
27,1)5,978
31,705,797
1,988,(61
795 133
701,84J
1,321,509
1.769.956
3-'1.963
55,020,562 15,295,463
lo.lO^.MO
Ii'.3-*,8.".2
14,17I.S01 14,156,676
2^781,101 10,834,h95
2,M6,409
7.34,427
2,4:0,945
1,769,936
1,041,S82
2J0,985
321,963
173,.523
24,685
39,629
20,720
33.92!
83,281
61,910
1 .'1,016
36.774
2,.3.56,5i 6 2, 1 17,593
2,739,902 1,06:3.978
2,99)3)1 .,U3I.19)
1,560,535 1,S04.624
21,685
88,281
20,720
124,016
23,9.-2
36,774
U,:33a
59,595
AND GRAIX FROM WESTERN LAKE JVND
RIVER PORTS FROM DEC. 31 TO AUGUST 3.
fiEIPMENTS OF FLOUR
Tot.Dec. 3ito Aug.
3..3..165,395 26,073.451 47,925,7)1
9.967,187 1,601,761 1,7,16,923
Same time 1877
2,399,013 10,620,tiU :J3,854.735 8,187,4.30 2,126,660
902,114
same time If<76
3,2W,019 25,8:^9,210 40,7-5,549 12,591.913 1,214,75;
903,650
Same time lo75
2,398,3il 27.593,;9.H 2i,931,576 1,o97,6o7
8jl,7<;8
815,4)0
BAIL SlIIPMENTS OF FLOUR AND OIIAIN FROM WESTERS L.VKE
ASD RIVER POUTS.
Week
•
Flour,
ending—
AueuBtJ,
bbls,
68,103
61,950
67.2f4
44,727
1,S78
Augil8t4, 1377
AttgnetS, 1878
August
7,
1873
Wheat,
bu^h.
a54,'23
^7.91
S70,5"4
68,807
Corn,
Oils,
5 0,421
106.263
691.234
216,939
414.5)9
6,670.
in,143
22,353
12.454
2.537
bmh
bush.
29i,687
65,973
Barley,
bush.
Rye,
bush.
10,48;
13. -45
12,4(8
12,61'
BKCEIPTS OB FLOUR AND GRAIN At" SEABO.\RD PORTS FOR THE
WEEK ENDED AUG. 3, 1878, AND PR3M DEC. 31 TO AUG.
Flour,
bbls.
AtSewYork.
....
Boston
,
Portland
Montreal
Phibidelpliia
Baltimore
NewOneans
Total
Previous week ....
Corresp'ng wcek,'77.
Tot.
102,493
31,088
2,200
18,975
1 4,910
19,835
17,034
206,230
149,695
l-l,tJUJ
121,803
Wheat,
Corn,
bush.
O.it^
bush.
1,514.792
117,600
1,787
35),69,)
332.327
68,825
17r,<l»9
259,0:)0
S'.K),)2;
328,000
2,(06
37,300
1,190,6)0
88,393
I7i',000
S.'.OOO
31,905
95,420
.3.301,834
2,113.409
2,339,29!
^^.t,ux.
429,027
2,012,l'67
479.378
558,723
312,974
242,974
bu-h.
6:)
4,800
1.73.5.100
t.>:).').liiu
Dec.ltoAng.3. 4.851.11/6
1877
1876
4.3,647,442 6«,222,00)
3,^05,325 6,t0. ,859 48,0.35,897
5,-r76,5I2 26,101,772 51,115.498
Batae time 1873
5,491,910 25,847,785 80,539,295
Same lime
Same lime
95,572
869
6,670
9,537
3uO,UlJO
412,549
51,735
30,tOO
...
8,000
6,09),091
6,590,603
1,357,805
1,037,991
366,150
101,5;S
f8,I9l
760,561
354,0;3
l,92t,501
1.2
Birley,
bu^h.
Ry,
800
9!60J
O
I,6O0
1,900
66
9,'iOO
...
....
...
1,427
i;71
1,355
685
658
.
.
10488
e4,.390
9,
18:8.
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
ha.s
autumn goods than
at any time
and dress 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 has given a marked impetus to tbe lEovementin
these goods, and there was no disposition on the part of holders
Woolen goods remained quiet, aside
to force sales at old prices.
from flannels, repellent? and cloakings, which were in improved
request by local and interior jobbers. Tbe jobbing trade has
been a trifle more active, owing to the arrival of some Southera
buyers, but it is somewhat too early to look f.ir much animatioa
in this branch of the business.
Domestic Cotton Goods. The exports of domestics from
this port during the week endingiAug. C reached 1,123 packages,
which were distributed as follows (jreat Britain, 348; U. S. Col-
for
since the opening of the season,
—
45,232
iUM
1
22,475
22
47^^
2,'itin;)<4i
72i\32^
845
ombia, 207; Hiyti, 136; M-xico, 103; Hamburg, 85; Argentine
Republic, 01; and the remainder, in relatively small lots, to other
markets.
There was a very strong uiiderione in the market,
and numerous makes of brown, bleached and colored cottons
were advanced from 2J to 5 per c^tit, owing partly to the
enhanced cost of the staple. Brown sheetings and drills were in
good demand, and bleached shirtings were fairly active. Cjtton
flannels continued iu steady request, and corset-jeans, denims,
ducks, cheviots, tick?, stripes and grain bags were taken in moderate parcels to a very fair aggregate. Holled jaconets were in
Print cloths
better demand at an advance of about 2 j per cent.
continued in fair demand and firm, closing at 3Jc 30 days, for
met
with
liberal
G4xC4s, and 3f c cash, for 56x003. Prints
sales,
and there was a more active movement in ginghims and cotton
dress goods, new lines of which were placed on the market by
most of the leading manufacturers.
Domestic Woolen Goods There was an irregular, and, on
the whole, unsAtisfactory, movement in woolen goods for men'ii
wear. Duplicate orders were in some instances placed by the
clothing trad.^ for fancy cassimeres, and fair sales of the finer
grades we e mide to cloth houses; but tlie aggregate distribution
was less liberal than expected. Overcoatings and beivera movel
slowly, and black cloths and doeskins were in light c'emani; bat
worsted coatings continued in fair request and here was a fairly
sustained inquiry for Kentucky jeans. Repellents wera more
active, and some of the more popular makes were distributed to
Wool flannels were injsteidy request,
an important aggregate.
and there was a fair inquiry for moderate parcels of '»08«ys and
dress plaids but blankets remained very quiet. Worsted and
woolen dress goods met with liberal sales, and shawls and skirts
,
,
—
;
bush.
4i.),9a6
13,500
41,250
11,971.11)2 2,425,432
9,680,2212,0.30,113
!4,tt.7.24l 1,999,554
9817,532
325,297
....
3,021
2.925
436
:
350
4,193
17,160
•
Total
103.231
Previous week
96,172
Corresp'ng wcek,'77
81,851
Corresp'ng wtek,'76
85,718
Tot.Dec.31 to Aug.3 .3,278,945
Sams time lb77
2,325,693
Same time 1876. ... .8,021,516
Same ttmc 18:5
.2,711,061
Tot.Aug. 1 to Aug. 3
102.281
fiamo time 1877....
81,851
Same time 1878
85.743
Same lime 1875
78,179
34,185
was a more general demand
Since
RECEIPTS AT I,AKK AND HIVER POltTS FOB TUE WEEK ENDING
AUG. 3, 187;), FROM DECEMBER 31 TO AVQ. 3,
AND FROM AUGUST 1 TO AUG. 3.
AT—
138
900,409
8.4,831
4,085
29,089
102,2)4
351,179
550,420
1,819,5>1
900,000
Fridat, p. M., Aug.
Business
as
1£77,
For the
4,701
-464
4^013
THE DRY GO JDS T lADE.
NEW YORK.
:S78.-
time
850
45,000
17.510
S 95
NEW TORK.—
Since
Jan. 1.
weelv.
Total
* Estimated.
20^260
ISre.
/or the
shioments, week
L'ike shipments, week
On canal (Aug. 3)
25.692
....
72.500
7,133
....
103,591
41,^9)
101,661
161,272
Baltimore.
R'.il
State, 2-rowed
State, 4 rowed
:
.
76,3'J2
1
60®
—Canada SVest.
133,413
309,173
Ti.roiito
St.
-i-oa
30®
31®
93:3,505
Louis
Boston
II
53:^
Oatft- Mixed
...
05
I
®
do steamer grade
S>athern yellowSouthern white
Rye— Weetern
176,131
2,955
20i.,OOJ
1
1
29,601
18,736
1'<5,5S6
180.000
1
Western feeding
40^
Peas-Canada boad&Free
71®
in breadstuffs at this market has beeu
,-BEO«IPrs AT
*
1
White
S
Jtye flour, superflna
The movement
6 00
fa-
mily brands
Southern shipp'e extras.
...
State
5
follows
-ji
6
6 00(A 8 3>
4 10^5 25
4
.
brands
Soutlierii bakers'
fi
09®
13®
OOa
08®
45^
1
While
do Minnesota patents..
•City shipping extras
City trade and
No. 3 sprini;
No. I spring
ItedWintcr
865,782
Detroit
Oswego*
22',
154 52?
were
fair
y
active.
—
Foreign Ory Goods. There has been a slightly improved
demand for imported goods at first hands, but transactions were
only moderate in the aggregate. Staple drees goods were taken
in couMiJerable lots, but the supply of fancy dress fabrics is still
meagre, and sales were consequently light. Black silks are
firmly held, and prices havn an upward tendency. Linen and
white goods moved slowly, and there was very little spirit in the
demand tor ribbons and luillinery silks. Hamburg embroideries
and imitation laces were in fair request by manufacturers and
the trade.
THE CHRONICLE.
156
iDiportatlons of Dry Goods.
The importations of dry goods at this port for the week ending
Aug. 8, 1878, and for the corresponding weeks of 1877 and 1870,
bare been as follows
xaraBKD fob oohbumphoh »ob thb wbbk bbdins Aco. 8, 1518.
'
tonu
-18711
_
1«<r7
•I8T7
.
Pke«. Valop.
9:3
J438.«09
913
1,087
273,3 i4
506
3W.904
1,024
1S1,01«
133,050
1,«00
a 19
1,141
Klseellaneons dry goods.
ISS
t369,S12
360,496
-.^
:;;
=
^ rr 52 w*r^ od ic cTco^w"
3:'»o'tj-'co
2 "3
2Bi,587
91,523
4,663 $1,65),S99
tl,5S8,192
4,812
Ijeadln*; Articles rrom New ITork.
foiiowing table, compiled trom Custom House ret onui,.
shows the exports of leading articles from the port ot New Yoxk
to all the principal foreign countries since Jan. 1, 1878, the
totals for the last week, and also the totals since Jan. 1,1878and 1877. The last two lines show total values^ including the
value of all other articles besides those raentionftd in the tabla
T I— m — -- t- £ (C Si « — (- c- -^ ^ — ^ -oo
Exports or
The
570, ;81
301
liiS JMTa.ioS
Total
—
1818-^
,
Pke«. Value.
Maaafacturesof wool....
cotton..
do
cllk ....
do
flax.. ..
do
xxva.
[Vol.
IHTO TBB MABKBT DOUrae THE
WnHSBaWH »BO« WABKBOOBB iSD THKOWB
8AMB PERIOD.
lUnufactnresof wool ...
cotton..
do
allk. ..
do
flax....
do
Wacellancana dry gdoda.
503
2S4
$20'i,n03
09,835
585
160
131
l^'..•i<i^
104
393
4)
83,0)9
13,654
471
15
1266,910
68,395
91.910
73 961
6,301
443
$n9,6JJ
S3.1
191
81,610
54.32?
83,593
18,915
1.419
4,563
1,654,293
1,563
$490,933
l.HK
J607,510
cOBSnmpt'n 4,325
1,414,503
4,371
1,588,191
Total thrown nponmark't 6,687 $1,903,431
6,707
$a,095,T02
Total
Add enfd
for
95
394
6,013 $2,073,371
do
do
do
688
675
185
304
cotton.
pilk.. ..
flax
Itiacellaneong dry goodd.
Tofal
Addent'dfor cjnenmpt'n
33
1.4B5
4,325
$861,725
67.8f3
613
1387.473
83,791
215,430
70.153
16,0:2
1?4
115,6,.9
519
10J,574
53,680
60
731
241
78
301
601
$606,826
hows the
la
given In pacicages
China, OlasB and
Karthenware—
China
Earthenware..
Qlase
.
Glassware
OlasB plate
Ooal, tons
Oocoa bags
Coffee, bags
Cotton, bales
7.6S0
22.145
195,875
13,978
4,t9;
Cream Tartar..
Qambier
9.218
40,753
Qam,
2,1,27
2,811
8,712
3,333
Kadder&Ext.or
S,5<)5
Tea
4,589
2,3 10
Abaga.
"..
Tobacco
Waste
Wines, Ac-^
Champagne.bkte.
value—
Lemons
92.3,351
1,J0J,145
491,746
394,035
6.813,648
118.574
673,664
1,177,260
5S5.511
634,176
Fralts,
705 Corks
cloth
698
3,5 6
3,662
4,024
emp, bales
3,613
116,06:
e9,'2so
8,!IS5
Halt
1,760
Ac-
Bristles
Hides, dressed..
India rabber
Ivory
Jewelry, AcJewelry
8£8
Ac-
Raisins
Hides, undressed.
Kice
WtUhes
2,^^^
3,861
I6,29ti
35,881
869
474
1,4«
:,706
81t
112.968
277
J2C 731
74,916
60,506
7,577,311
170,655
(55 Spices. Ac.
Cassia
Ginger
Pepper
:"
:2t?
n lO ^> t> A
.n T'
S-5^
^:i
.
o
Olaoao
:« is
3S
.00
:S!
ss^
O .« X C* ^ C- c>
'rm
IX>
.
m yr —
^
fi* o-.
**
C *D 55 eP ^ «5
'T S)
«-
•
'^ -
00 00OSCC«
«oo
>niAto
« CO -v-^
^
e*
(M coo
120,015
89.701
248,764
124,040
364.756
316,149
.
:Sg
i:l
!
!
1--
^ «^ 3-
•
^C»
.C.^,.
o
•
!?£i:
X.*-
.w
•vO
:
IT,
S
u
:
!
.tf>
.
.ۥ
•
"^
•
«
:»
,S
:
el
•
'o'^w-'.^r
w»«»
-
49.813
88,1.35
.
- s
Osa
Saltpetre
Linseed
Molasser
t.'
62,247
80,462
24,103
Oranges
Nuts
Fancy goods
Fish
81,633
S.I
Si
637
<
13,:91
S
e» s*
*-«
S3"
609,90)
35, "75
718,752
43,600
465.717
183,269
.37,(166
.
I,9i',.142
«
!4,80'i
,
' .-^
.
4«,8il
810,315
34,720
423,782
209,500
S6.413
88,978
37,3.-.0
«o -o to
CO c» 1-
O
Artidet reported by
Cigars
Opinm
Flax
Fore
3^^
69.809
652.863
30,145
596,902
6,785.907
113,960
51,120
80,186
20,690
Wines
Soda, bi-carb..
Soda, sal
Soda ash
,
:g
.
Wool, bales
26,078
451
,
500
394.185
1,366,707
526,086
33,8il
ill
8.153
17,698
2,198
Oil, Olive
2,208
3^8
4,230
717,765
86,170
616.832
bbls
Sagar, bxs
16,001
1,S1U
Arabic...
Isdigo
Tin, boxes
2,881
6,S03.959
82,322
20,826
Dregs, AcBark, PernTlac.
Blea. powders..
Cochineal
Lead, pigs
Spelter, lbs
Steel
•
•
o u
Ac—
Hardware
cr. tOU VT XI
no
A
1,115,251
St
Same
Since
3,890
Tin slabs, lbs...
25.UtO Paper Stock
15,329 'Sngar, hbds, tcs.
945,291
8,158
'S
cceo
=
apecifled.]
Cutlery
18.V,2
3,281
6,227
69,149
15,195
Baltons
Hides,
.S
:
.
Jan.1,'78 time 1877
Metals.
7,660
22,061
142,40
.vi^n
'.-lo
<M to
wnen not otherwise
Same
Since
Jan, 1,'78 time 1877
Sonny
«8
1878 and for the same period in 1877:
[The qaantlty
a Si CO Si <S rt fi l~
03 •& a^
returns,
foreign imports of leading articles at this port since
1,
r-l
6,513 $2,161,135
Imports of Ijeadlntc Article*.
The following table, compiled from Custom House
January
ii'
Si
022.
O
61.436
37,707
1,651,299
$«,166,563
ua <^
*-
CO
7!l,832
37, -86
$672,903
5,903
'if
$357,535
1,413.503
TotaIenteredsttbeport.~S,810 $3,035,4:0
•
<
o o in ~*
tO«fr-aOWifi-i:i-HT
$418,073
BHTEBBD TOB WABBBOUBINO DlTBIXe 8AKB PBBIOD.
XtBOfactaree of wool
~*
00^
»
J
.
I ::::::?:
:2?«
:
i:2
Woods
Cork
Fnstlc
Logwood
Mahogany
273.051
29,222
269,455
20.2D4
446.88.'
82.^,60.1
42,235
87,007
51 _
5*'!«
:g
•OtO
."152
:
:S
:
:S
:
Receipts ot Domestic Prodace.
The
receipts of domestic produce since January
«or the same period of 1877, hare been as follows:
Since
Same
pkgs.
^,771
4,650j
Breadetufis
bbls. 3.857.789
busti. 28.340,028
Cora...
7,160.841
2.665.836
2,681,627
Grass i!«cd...bag8|
122.126
Beans
bbR.
44.614
Peas
bnth.
456,301
Corn meal.. bbls.
1S8.797
Hemp
Hides
Bides
Hope
1,559,101
3.113.941
Oil, lard...
i'eaiiuts
'78
time 1877
bbls.
I,!
-
2,610
pkgs.
369,664
17.3,190
10,7?
11,801
70,101
..T)bl8.
.
.
Provisions
5.290,116
Butter
417.3781
8,124.-.17l
75,597!
45,71:
Cheese
Cutmeats..
Eggs
Pork
Beef
Lard.
182,017
140,417
bales.,
490,447
873,426
Lard.,
•*
2.194
4,246 Rice . .
No.
112.26:
130,878 Starch.,
bales.
77,665
86,019 Stearlue
bales.
49,864
ai.sso Sugar
sides. 2,4!i9,329 2,495,356 Sugar
hhds.
18
863 Tallow
bbls.
111,47b
67,933 Tobacco
Leather
Molasses
Molasses
Saval Stores-
Crude turp,.bbl8.
"
Spirits turp
'Sm'.
cake
1
bags.
47,186
pkgs.
6a5,351
1,613,736
796,207
34;, 381
693,457
1,156,403
638,765
17:, 141
118,141
86,396
611,666
24,757
234,265
21,902
23,111
211,684
11,630
711
12.097
40,890
118.615
68,516
93,879
21.601.19(1 16,3;3,1!'9'
BarleyA malt
Cotton
Pitch
Oil
Hour..
Wheat.
OMs...
Rye
Jan.
1,923
45,09;
129.878
1i.77S
1.913
15,286
'*
"
"
"
"
.kegs.
26,4"
18.311
a5;j,954
"
14,166
bbls.
569
hhds.
pkgs.
'"
12,619
49,82
112,884
87,258
118,338
Tobacco
hbds.
Whiskey
Wool
bbls.
bales.
219.660 Dreseedhogs.-.No.
I5»35
and
Same
Since
Jan. 1,'78 time 1877
Ashes.
1878,
1,
ts issiS
S3 'S^'S
oi
S ^
s 2
.
839,li;6
67 912
68, .197
19,807
59.467
H
00
«
c*
5? r-
o ci
^'vt
is-
2S
''s
ss
«0 MS
OPI?^
c<3 1*3
-2R2^SsfS?S
:
•"
s5r
AB0U8T
10.
THE CHHONICLR
1878.J
157
UU.NRIKS.— 8a« rtoort aodar Cotton
UAV-
OJRkKNT
f KIOKS
North
ft.
Pol, Ciitieit
Croton
fhiuaoipiiit
Ctnunt--i '•nMklt
Kocklailil,
fi blil.
IW
IS (M
8U
bbl.
6'-
fl
UuUhlQK
»
a
•
9
a
a
a
o
a
a
63
It. «0 OU
H
V
^llni»<r-l'lne,K'd to ex.drr
boi
do tauy boardi, com.to c'n.AAch.
Osk
fl M. It.
Ath.KOod
Black walnut
Spruca boardiA pUnlc«, euh
I^ne.ililDpliiK.
It
Hemlock boards, eBCb
'JP
'a
31 00
33 00
15 00
.
4 1J
» OU
:8 00
M;
...
....
f,
M
SdQaa
a
a
Oattplket.allsltea
TMnU—hiX., wh.Am.pare. In all V B
Lead. WD. Amer., pure dry
Sine, wb.,Amer. dry, No. 1
Slne.wti.. Amer.,No.i,lnoll
,
3
rarlswhite. K.-.t.,(oId....«> lOOIk.
»».
,
'
'
12
8
"
a
CBKKSKfactory, prlin«tochotce...,1i»
"
Weiteru factory, K'a to choice..
i:i
tn\
'X
»
In
6|i
OOAL,UrerpoolKar oannel
a
LlverpoolhouKcnaniiel
12
AirrnBAciTK— The following will »how
last auction or prfi-ei:t fcuedule rate's;
P.L&tV.
I'eiin.
Bched.
Ktt
Ji ir
t3 41H03 so
9
SInMS
L.
Belied.
Port
a 60
3 75
60
•tore... 4 03
i 9J
4
Cli'nnt.. 3 SO
5
8_ to
-
«X
W.
4k
Jobnst'n.
%a 10
$3 60
.... 3 60
8 SO
^3 00
prices at
Schcd.
N. V.
Ha'bor.
31.
HobokeD.
13
9 43
OOa
D.iH. P.A K.
Auction.
Newbnre.'
S CI
3 15
HI
.0
5 60
4
....
•SO cents per ton audltlonal for dellTerratNew
York.
OomritK—
Maracaibo
gold.
gold
gold.
gold.
gold.
lja«aayra
Bt,
uomingo
BavanlIJa
Costa KIca
Bolts
Bbaathing.new (OT6rl3 os;
•rulers' (over I tot.)
American Ingot. Lake
a
II
.
Aloes, Care
Aloes, i^urbado B
-
15
19
16V
e
13
a
fi
'•
14
16
(t
13H
"
17
17
'
9
Matamoraa.
do
*•
California,
Texas,
16
3
Oambler
'2H
I
^ a
52
29
9
6
a
a
a
a
Jl
2S
25
26
'•
'a
3 75
22
47
12 30
per tOlb. frail I
Layers
Loose
1
e v)
....
rtga.layer
Cantoo Ginger.wb.ft hf.pots.V case,
Sardines, »i half box
Barolnes, \K quarter box
9 K
Ma'^aronl, Italian
BomMlic Dried—
ISO
16
29
a
2:1
2'4
a
8
3H
a
19
IV
4(0'
a
a
a
<|
O
a
«
a
io' a
,...a
4
a
i4»a
IX a
70
a
a
a
a
Ilka
n\9
13
4
10
i so
43
....
60
I
115
24
170
19
7X
4- 2300
20 00
11 00
IS 00
'.>2
(73
75
1
2 05
8X
1
Yearlings....
2
Para, line
Para, coarse
Ksmcralda, prebsed, strip
4
quarters,
reaches, pared, Ua ,good to choice
2
3
3
4
quarters
State, sliced
do
do
unparei. halves and qri...
Blackberries (c o.i 1678j
Kaapherrles
«;herrle>. dry mixed (crop 187!)
'
',
'
«t
a
®
a
©
a
&
&
&
®
43
81
50
31
-.
SIH®
pessed, strip
Panamastrip
,..
CarthaKcna, nreseed
NIcarHKua, -beet
N'lcaruKiiti, fcrap
SO
34
84
llondtiras. sheet
Mexlcau, sheet
M
84
31
87
35
85
....
IRO^-Plg, American, No. 1
Pig, American, ho. 2
Pig, American, Forge
Pig, Scctcb
ton.
«i
a
a
a
16 50
15 SO
14 so
22 75
18 00
17
(Kl
a
16 00
28 50
J-lca
5
More Pucen,
Bar,8wedes,ordlnaryilie8..Vton.l80 00 ai32 50
*
lb.
gold
* lb
IdXa
com.
3)ia
Scroll
2
Hoop, Kx.No.22toi&:Hxl3&:4 "
Sheet, Uussla
Sheet. slnKle.donble
American
&
tr^tile,
:*
a
s
Ordlnary foreign
V
Domestic, common...
Bar (discount, lOp, c.)
'
•
Sheet
gold
100 lbs,
MO
n
4
36 00
44 OO
6 37)<a
3 23
car,
V
2
a
a
ton, car. 32 00
43 00
LSAD-
6 40
3
lb.
37X
5
6
LKATHKRUemlock.Buen, A'ret,h.,m.&I.VIb.
'*
Calironila, h., m. & 1
"
common hide, h., m. &1....
:o
20
rough..
Slaus^htercTOp
20
25
23
23
O
a
21
21
19)49
roni^h.
Cuba, clayed
Cuba, Mn8.,rcfln.gr*ds,50t eat.
do
do grocery gratjos.
Barbadoes
23
27
2S
26
w
gal.
"
8 00
ii"
a
6
a
a
a
a
a
IH9
2< a
14 a
11
a
3
3
4
6X
f
10
a
•
7
21
SO
"
12
car.
•'
a
32
:s
"
45
a
-45
bbl. 2 25 a
*
2 25 a
"
2 00
gal.
27HS
2 so
2 iO
V
Vi
f
trd.V
a
a
(0
1 75
bill.
low No. 1 to good ITo. 1
low No. 2 to good Ho 2
low pale to extra p ^Ic..
wludowglass
1
••
a
a
a
a
400
4!kd
SS
9
"
1
"
2 .10
••
8 75
so
NUTS—
Almonds, Jordan shelled
9
V
Pepper, Batarla
do
Slnaapore.
do
Brazil
>Ka
.,
Pimento, Jaihalca
Cloves
,
IT
,
H
sterna
a
SI 00
3C SO
a
PETROLKUM—
V ^gal.
a
...
6H
nx
isj^a
....a
"
"
7X
PKOVI810N8Pork, nic6s,spot
Pork, extra prime
Pork, prime mess, Wett
V bbl.
Beel, pain mess
Beef, extra mess
Beef tianis.WestPrn
Bacon, Wu^t. long clear
**
••
••
"
"
!0 00
75
a
a
6H«
**
7'70
V '*lb.
lb
• ....
a ....
so
a 12!i 00
...a 21 so
a
"
iO^
7
7
a
a
both.
II
lack.
2s
26
8KSDSV a.
Clover, Western
Clover, New York Bute
Timothy
Canary, Smyrna
V
"
SOO
"
"
fl
Whiskev
gall.
too
860
s
w
I
MH
2 01
1
dellv. In
N.
anw
a SOS
a 4 oa
sa
5 to
••
Brandy (CaU
C6
"
Y....
8 90
BUMTt Priea.
UH^
Engllsh,eaBt.2d«lstqnalny vagold
English, sprlng,2d & 1st quality..
English blister, 2d A Istqnallty..
"
II
"
English machinery
English German, 2d A Istqnallty "
American blister
car,
American coat, Tool
American cast spring
American machinery
American tiermac soring
8DGAR—
Inferior to
common reflnlog... .11
txa
a.
'•
Frtlr
Good
...a
••
reflnlag
..
"
Prime
Melado
"
Manila, sup. and ex. sup
Batavla. Nos 1!'®12
**
••
Hard, powdered
do granulated
do cut loaf
Coffee, A, standard
••
7sa
«s<t
7«*
7 a
»v»
"
"
•XI
9 a
8Xt
**
••
"
"
"C"
I
••
8X.
•
bX
7sa
6X1
"
Other Yellow
Molasses sugars
IX.
l>H«
••
do
off A
WhlteextraC
EltraC
71t
7
7!<-3
•
Brazil. No8.9@U
i2'/f«e(l— Hard, crushed
a
a
....a
Porto UIco. refln.. fair to prime •*
"
Boxes, clayed, Nos. 10(^12
"
CeutrlfuglU, Nos. 7(813
*'
bath.
*
Canary, Sicily
Cancry, Duich
torelgu
Flaxseed, American, rough..,.
Linseed, Calcutta
.«) 56 a. gold.
Linseed Bombay
VSia g}ld.
.V a.
TINBanca
Straits
a
26
28
2 SO
Uyson. Common to fair
eot.Va
do Superior to fine
do Extra fine toflnest
Choicest
do
7onng Hyson. Com. to fair
do
do
Super. to flue
Ex.fineto flnest
Choicest
do
...a
.
6
ivita
Com
.
8X
1 40
2 9'J
1 15
.
I
99
9 30
5 75
a
9 90
c
« oe
a »
a bk
a 4»
Nominal.
16 a
21
23 a
82
IB
:s
89
a
a
a
a
so
_
t9
43
Nominal,
23
e
Nominal.
18
fine
Oolong, Common to talr,*«a,
do Superior to fine
do Kxflneto flneat
27
33
II
It
a
a
a
S3
<9
IS
n
a
Nominal.
17
26
86
IS
2«
89
do Choicest
fioac.6ICong.,Com. to lair
Snp'rto fine
do
do
Rx.flneto flnest
do
mt.
..\Z
I4K
49
....a
16
8u
43
to fair
Snn.to
'
i;«a
89
to fair
Sup. to fine
do
do Ez.flne to flneat
do Choicest
a
a
a
a
a
2t
s?
<B
2»
SB
49
a
a
a
a
a
Nominal.
18
37
40
Choicest
S9
'29
8»
60
i»
TOBACCO-
Kentucky logs, hearv
Va
'•
"
leaf,
com. to flne.
Seed leaf— New Eng.wTapper8'7t.'77
^6-'77
do
flllers,
..
,1*
SB
7
Pa. assorted lots, '76. 17
Yara, 1 and II rata, assorted
Havana, com. to tine
1
ManufacM,ln bond, black work
"
" bright work
WOOL—
American XX
American, Nos, 1 ft
American, Combing
va
CO
28
SS
Bxtra, pulled
,
No. 1, Palled
California, Spring ClipSuperior,
Fair
10
82 1«
90
:9
40
2
SO
18
nnwaahed
26
V.
19
II
BjatbAm.MerInc, anwaahed
Capa 6oad Hope,anwaahad
26
29
24
2>
Texas, flne. Eastern
Texas, medlaro. Eastern
Smyrna, anvaahad
1
1
Vbxgd.
**
TEA—
Barry
a
a
a
a
a
a
.... a
a
<o a
92.Ha
...
a
90
1 70
1
gold.VB
•
"
,
English, refined
Flates.I. C, coke
Plates.char.terne
lalerior.
....a
SALTV
7«
a
ai2Ha
**
Turk'a Island
St. Martin
LI varpool Athton't Una
9 75
~
4 OO
8 SO
••
••
Extra^ne tonnest
do
Hyson Skin. a Twan. -com. to fair.
do
Sup. to fine
do
do
do
tfx.flnetonnast
UncotoredJapan.Com.to talr
Sup'rtodne
CO
Bx.flnetoQnest
do
S5
kO
97
81
to
54
«S
HI
1 05
52
Clty, thin oblong.bags, gold, V ton.
Western, thin oblong (Dom.)car "
V
gal!.
...
lOK
I
CAKE-
Carollca,falrto prima
Louisiana, fair to prime
Rangoon, In bond,
Patna, duty paid
V
8TKKL-
t.o
sxa
Cotton seed, crnda... «
•"R"' 1 30
Olive, in casks 9 gall
10
**
Linseed, casks and bbls
56
Menhaden, crude Sound.,,., **
80
••
Neatsfoot, No. 1 toextra
60
"
Whale, bleached winter
S3
•*
Whale, crude Northern
48
••
Sperm, crude
"
Sperm, bleached winter
Via
"
Lard oil. Nos. 1 and 2
45
Lard, City ateam
(Old.—
.
Imperial.
OILS—
VI
r
is'
.3M
4>,a
OAK CM— Navy,U.S. Navy * ban « ».
Hams, smoked
»
(jalcutta
Mace
Nutmegs, Batarla and Penang
»X
@
13
Refined
>;aph'ha,Clty, bblt
•
a, gold
white
Bunpowder.com
lb.
Flli.erts, Sicily
Crude, In bulk
Cases
•ay
4 79
31
Nominal.
Nominal.
'•
Pitch, city
Spirits turpentine
HRmp,
k.gold. 9'7)i#
100
common
SPICKS-
Prlmeclty
**
Tar, Washington
Tar, Wilmington
OIL
Forelgn
Domestic,
itk"
S
4 73
I
TALLOW-
NAVAL STORKS—
'•
Reraalad Congonn.No.
PKLTKH-
do
(S
Gutiyitquil,
••
413
soo
Brandy, foreign brands
Rum— Jam. ,4th proof
St. Croix, 3d proof
Bin
Whiskey. Scotrh
do
Irish
Domestic liquor &~
Alcohol
e
a
»
&
6
9
S
3
RICK-
It
Ik
Plums, State
Whortleberries
to mod... ,»
to prime
,
V
Apple.-, Southern, sliced
do
good
•
Z
S
• 00
I
lie-reeled Tsatlees, beat
8PIHIT8-
Walnuts, Naples
a
a
a
fxa
a
ixa
••
No.2.aay
(i
80
10
16)^3
Qr'dBk.A (George's (new) cod. fiqtl. 8 73
Mackerel, No. l.M. shore
pr.bbl. 14 00
Mackerel, No. 1, Bay
Mackerel, No. 2 Mass. shore
• 00
do Valencia
Carranta
Citron
Pranet, Turkish
do
French
Dates
60
5
ear.
bond), gold.
Am.. car.
gold.
10
II
a
a
a
8
Pecan
SS
17
Qalulne
car. I :o a
Rhubarb, China, goodtopr.... "
50 a
Salsoda, Newcastle. .Vluo B, ;rold
....a
Shell Lac,2ddilstKngllsh. fft.cur.
19 a
Bodaash
flUOB.gold 16! a
Bogar of lead, white, prime, Vncur
a
"
yitrtol, bluccommon
7 a
....
•
Eastern
Wisconsin
Old
••
"
Prasslate potash, yellow.
Qalcksllyar
Baltlss,SaeaieeB,
|H«
••
No. 2
Tavsaams. No.
7'iatleet,
do
a
a
IS
10
SILK-
Batavla
Ginger, African
HOPS—
"
21
gold.
Oil Tltnol (66 Brimstone)
••
Calcutta kips. deudgreen...
Calcutta, buffalo
Rosin, strained to good
4 00
I* in
-cot.
....(In
ii
1
a
a
"
OlTcerlne, American pore
'•
Jalap
**
Licorice paste, Calabria
**
paste,
l«lcorlce
Sicily
Ucorlcepaste, Spanish, solid., .gold
Opium. Turkey
ii'
2s,-^a
£0 ~
"
Madder, Dntcb
Madder, Crencb, K.X.F.F
Nntgalls, blue Aleppo
ii
3 t'>
17 75
59
c:ir,
perlOOIbs.
do....
do.... cur.
klps.slsnght. gold
..per lOOIb.gold
Hltratatoda..
do
a
»
8
9
••
»»
Kenned.para.
Crnde
Cassia, China Llgnea
I'xa
itxa
"
Demerara....
Porto Klco
N. O.. com. to prime
iiwa
••
Ginseng
xact— Cal.
1»H
MOLASSKS—
•ii
refined
..
IFelSalled—Baen. Ay, selected
Para,
do..'.,
J>. /.
la-ia
n a
u a
••
"
Texas, crop
D.
••
tartar, powdered
Csbebs, Bast India
Catch
do
do
do
16
17
a
*'
D, gold.
Cream
do
<o
!6H
13!<*
IS
Csstoroll.K.l,lnbond. I'eaL.gold.
Canstlc soda
V 100 B
"
•*
Chlorate itotash
C JChlneal, Honduras, silver, .. ****
Cochineal, Mexican
slackerel.
1«)«
»
••
Araenic, powdered
2 a
mearb.soda.Se)Pcastle.»i 1001k "
3 75 a
Blcbro. potash
V<16 cnr.
13^4
Bleaching powder.
IHK'Ott. "
1 40
O
Brimstone, ^nts dcSrdi.per ton.gold.24 10 ft
Brimstone, Am. roll
1iA..cur.
i^i
FRUIT-
'*
Steel rails, American
17
a aa
*'
OITON— See special report.
BUGS ft DYK8—
Alnm, Inmp, Am
9 100 It car
>
do...,
do....
do....
do..,,
UloQrande,
Oak.
OOrPER-
Camphor
California,
Orinoco,
Ralls,
BIO, ord.car.S0and9Cdajs.gld.1iB
do
do fair,
gold.
do
do good,
KOld. '*
gold. "
do prima, do
Java, mats
gold. '*
HatlveCeylon
gold. "
Mexican
gold, **
•
Jamaica
gold.
*•
21
21
26
INDIA RUBBBR-
17
dairy, lair to pr
"
do
a
1 13
14
i
<•
,
Corrlentes,
3.1
M
••
New Yorkt.com.
IW a
a
<
lgTTKK-(WhoIisale PrlcefJ—
Tabi^out* to choice state. '..'
West*a croamvry
yu'd to ell...
Welab, state, K'd to choice...
4
i
a
a
;
...
270 oo
Z>r«-Buenos Ayret,selected,filkg«ld 2oxa
••
Montevideo,
do....
20Ha
5
t 23
....
a
fraih
....
»X»
> a
5H
tSi
4V«
'•
HIOEB-
n
a
VM.n.SOOO a asm
...
a 1 40
»
Maple
a
...
gold. SCO TO
Jute
lOUO
—
S3
49
ton. 17P 30 ai«5 OO
91
a»
Sisal
AI.TPBTRB-
B
lOU
Arnerloat. undresaad
Kussia, clean
Italian
00
:S
III
36 00
SIJS DO
r.
21
13
JTiKJa— '.oawd.oi-m.rsn.* ih.!) keg
CllBcta.lH to dm.AIODier
Veatern
in
Manila
•
] CO
;
oommOQ
2i4ni«— Kockliind
Gr*U...
V
HKMf AM>JU1'K-
I.V»
BKRADdrUPPS— ee«ipgolKlrs»art.
BUILUIN'U M&TKKIALS—
0r<et«— Conimon uard,»IIokt..1) M
t*mb..t3
axiDP'ua
Amerlcati dresaad
ASH KB-
aute
Itlvor
gold.
It
a
a
a
a
a
a
a
a
a
a
a
a
a
a
42
81
20
•I
2«
IS
SI
27
23
18
FREIGHTS—
To LiTaapooi;
• ».
Cotton
* bbl.
Flour
Heavy goods. .Vton.
Cora.blk * bg«. V ha.
Whaat.b&uabagt..
Baal
V tea.
roik
«l)bl.
\
..^
[Vol. XX"VIL
THr> (JHRONICLE
Insurance.
&
Russell
Line
MERCHANTS Providence
C OBI MISSION
AND
THE GKEAT
Co.,
OFFICE OF THE
TO BOSTON,
SHIP AGENTS.
VIA PROVIDENCE BIKECT.
M ClSTBiL SXElllT.
WAT»B
105
*
PT.,
H
A FULL NIGHT'S RES tToN LY
Hong Kong &
Shanghai
Banking Corporation,
Hong Kong.
Head
S.
Office,
AOKNT,
W.POMEROY
Charles E. Parker,
COMMISSION MKRCUANT,
BOSTON.
14 Exchange Place,
Box
Post Office
2.634.
MASSACHUSETTS, KHODE ISLAND,
Capt. JESSE MOTT.
(except Sundays), from Pier No. 29
Warren street.)
(Joot^ol
North Klver
Ni. IntermeI'assenEers arrive In Boston at 7 A.M.
and ProvlJence.
diate landings between New Yorit
Capt.
RAY ALLEN.
1»
*^' TW
™-
•4
*
Ilally
THE
K>
iMr
I'M.
From
KKPRKSKNTKD BT
CO., of China,
John
York.
Co.,
MANUFACTURERS OF
Conii>any's
Mail Steamships,
SODA.
New
ONLY
The Jobbing Trade
&
Ifork.
Supplied.
Turner
Brinckerhoff,
21, 11
A.M.
Pantelll..Wcd., AUiSUSt .8,5 P.
M.
;
steerage, $i6— including wine, bedding and
ntenslts.
„
^ .,
To Plymouth, London or any railway station in
England— First cabin, #90 to f 100, accordlpg to accom»i>5;
cabin,
third
t3S, steermodation; second cabin,
age, »27, including everything as above.
i:i-turn tickets at very reduced lates, available
n-iieU tlius
:lirougb Eughind and France. Steau.ers
(•) do nut tiiiry otecrage piissengers.
For passage and freight apply to
,
m
Co.,
LOUIS DEBEBIAN,
MRnafHCluieri* Had DeiiiMr?
Atlas Mail Line.
BI-MONTHLY SERVICE TO JAMAICA, HAYTI
COTTON CANVAS. FELTING DnCK, CAR COVET!
COLOMBIA and ASI'INWALL. and to PANAMA and
i»0, BAGQINO.KAVENS DUCK, SAIL TWINES
PACIFIC PORTS (via Asninwall.)
SOUTH
*C. • ONTARIO SEAMLESS BAGS.
Fiist-class, full-poweied, iron screw steamers, fron.
Pier No.'il. North River.
AWNJNO STIUPKS.'
For Kingston (Jam.) and Haytl.
Also, Atrents
ETNA
For Haytl, (Colombia, Isthmus of Panama and South
United States BHntlns Compan]'.
Pacific Ports (Via AspiuHttl.).
Augustus
A f:iU inpply at] Widths and Colors always In stork. ANDES
'
'
Dnane
No. 109
Superior hrst-class passenger a<-coi»inodrtti( n.
PIM, FORWOUU ft <'>.. Agents,
Strret.
No.
MANCHESTER
and Amoskeag Steam
Fire Engine*,
Water
street,
&
of Power. &c.
Boston
Loans, secured by Stocks and other1,163,200 00
wise
Real Estate and claims due the Company, estimated at
Premium Notes and Bills Receivable.
Bro.,
CashinBank
Total
255,36102
amount
of Assets
'
Derrick Ouys.Ferry
&c. A lar^e stocb
constantly on hand from
which any desired lenctU
liopos,
purposes luanufactured to
JOHN
order.
\V.
MASON
43 Broadivay,
Ac
COm
New Vork*
The outstanding
certificates of the issue of 1874
be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday, the 5th of February next, from which date all
The certificates to be
produced at the time of payment and canceled.
Interest thereon will cease.
Upon
certificates which were issued for gold premiums, the payment of interest and redemptiou
will
be in gold.
A DlTldend
of Forty per Cent,
is
de.
on the net earned premiums of the Company
for the year ending 3l8t December, 1877, foi which
certificates will be issued on and after Tuesday, the
7th of
May
By
next.
order of the Board,
jr.
H.
CHAFmAN,
Secretary.
TR USTEESi
J. D. Jones,
Charles Dennis,
W. H. H.
Lewis Curtis,
James Low,
Gordon W. Bumham.
William Sturgis,
William E. Do3ge,
Thomas F. Yonngs,
John D. Hewlett,
Moc^re,
Charles H. Russell,
David Lane,
Daniel S. Miller,
Josiah 0. Low,
Hand,
William H. Webb,
Francis Skiddy,
i
400 BROADWAY, NEW YORK.
Charles P. Burdett,
Alexander V. Blake,
Robert B. Mintum,
George W. Lane,
Adolph Lemoyne,
Charles H. Marshall,
E.R.Mudge,Sawyer&Co
AGENTS FOR
iMlll*, <:iiicopee .Mfg Co.,
Burlington Woolcu Co..
Chkbtmiit Stbkst.
after
wi'l
C. A.
2au
on and
Tuesday, the 5th of February next.
Royal Phelps,
W. DAYTON,
the outstanding
certiflcaes of profits will be paid to the holders
f B^-idges,
ONT
J.
$14,366,351 66
Also Uaj
hX\T STEEL AMI
IRON ROPES for MInlnp
Itlerton !\e\v .'nills,
Atlantic Cotton Mills,
Saratoga Victory Mfg Co..
Hosiery. Khlrtu and Drawers
NKWVOR^:"'"^""'"'*""'- BOSTON
617,436 01
1,764,39.3 63
clarcd
are cut.
Washington
Assets, viz.:
United States and State of New York
Stock, City, Sank and other stocks. $10,565,938 00
IShlps' Rleging, Suspension
niLWARD'S IIKLIX NEEDLES,
.
$2,565,890 27
The Company has the following
vanVed Charcoal and BBior
George A. Clark
.
clined Planes, Transmission
Treasurer,
44
$6,751,028 44
Returns of Premiums and
Expenses... $947,923 86
STEEL AND CHARCOAL
IRON of Buperlor quality
suitable for MINING AND
HOISTIKG PURPOSES, in-
MANCHESTER, N. H.
ABESTA8 BLOOD, IV. G. MEANS,
Superintendent,
Manchester, N. H
trect.
R ope.
MA.NUFACTUREKS OF
.ocomotlves
a; r.'all
miscellaneous.
Works,
Locomotive
Premiums.
thereof, or their legal representatives,
kinds of
all
of Marine
have been issued upon Life
Risks, nor upon Fire disconnected
with Marine Risks.
Premiums marked off from 1st Janu$4,902,331 08
ary, 1877, to 31st December, 1877.
Losses paid during the
No Policies
Six per cent. Interest on
Agent, 55 Broadnray.
In
COTTONSAILDUCK
And
Wed., August
PRICE OF PASSAGE IN GOLIJ (Including winc):
To Havre— First cahin, *iOO; second cabin, * S; tiiln
cabin, |33
No. 11 Old Mlp,
amount
2,040,362 61
same period
Calllne at Plymouth for the landing of Passengers.
The splendid vessels on this favorite route, for the
Contln&t—canlns provided with electric bells— will
sail from Pier No. 42 North River, foot of Morion St.,
fto /nlloWS
We i., August 14, 6:3) A.M.
FR A N( E, Trulelle
•PERETRE, IJanre
•VlLLE DE FaKIS.
or
off
.
BETWEEN
YORK. AND HAVRE,
'
SITPER-CARBOKATE
H710,685 83
marked
Policies not
January, 1877
Total
Direct Line to France.
Jim^J
D wight &
»
The General Trans-Atlantic
January, 1877, to 3l6t De-
Ist
cember, 1877
Premiums on
W. FILKINS, General Passenger Agent.
O X L
New
from
Ist
Canton, Cblna.
St.,
New York, Jannary 23, 1878.
The Trustees, In conformity to the Charter of the
Compaoy, submit the following Statement of its
affairs on the 3l8t December, 18V7
Premiums received on Marine Eislss
:
FOR EITHER LlNE secured
ofBces of Westcptfs Express
at 3K Broadway and
Company Al'n tickets sold at all hotel ticket-offices.
Freight, na either llne^taKen^at^rj^duc^ed^tes.^^^
at all
COMMISSION MERCHANTS,
104 "Wall
Pier No. 33 North River (foot of
T„„ street
State-rooms a'ld tickets
Co.,
Long Kong, Sbanglial, Foochow^ and
Ol.YPHANT &
LilNE,
EAST.
FOR
K
Co.
Insurance
Mutual
RELIABLE
OI.D
STONINGTON
ALL POINTS
L.
&
Olyphant
The Favorite Palace Steamers:
„ „
„
St.. S. Y.
Watxk
Jb.. lOS
ATLANTIC
MILES OF KAIL.
42
I
l5si,^F.S.WINSTON, PRESIDENT "
"tS E\/ER,Y APPKOVED DESCRIPTION of
,
LIFE mTd endowment POLICIES
ONTERMS AS FAVORABLE ASTHOSCOFANYOTHERCO.
':ASHSSSETSoyER$80.000.000.
Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
James G. DeForest,
John
William Bryce,
Peter V. King,
Horace K, Thurber.
Charles D. Leverich,
Edmund W.
Elliott,
William H. Fogg,
B. Coddington,
Thomas
J.
D.
JONES,
Corliee,
President.
CHARLES DENNIS, Vice-President.
W. U. H. MOORE, Sd Vice-President,
A. A.
RAVEN,
3d Vice-President.
!
'
August
THE CHRONKLR
10, 1878.J
COTTON
SEED TO LOOM.
I
Cotton.
FROM
8
1
-r
»
this
GENERAL COMMISSION MERCHANTS
COTTON EXC'llANtiE BUILDING.
.
NEW YORK.
book are as follows:
3I:A.I'
of
ilgDmeni«.
We
CHAPTER
— Showing
I.
.
CHAPTER
—
CHAPTER
V.
Planting—'Caltivatlon from January to June How Land Prepared and Seed Planted
Old Lands being Reclaimed Early Growth of Plant Chopping Out Securing
a Stand— Cotton Plant very tender in Early Life and tough afterwards— Its Early
Enemies and Diseases Crab Grass Wet May and June Rainfall, Thermometer,
Chronicle Weather Reports and Agricultural Bureau Reports, from January to
June, for 1870 to 1877— Very important deductions from the weather data, &c., &c.
—
—
—
Stsne street,
—
J.
InformatlOB
all
WATTS *
Fork, and Messrs. D. A.
Street,
New
Co^SS
GIYKN
41
Orleans.
&
C. Johnson
Co.,
COTTON BUYERS FOB MANtlPACTtJRKRS
IWKITIPHIW, TE\1V.
W. Lamkin &
D.
VICKSBVRG,
—
—
—
CHAPTER
New
SON, 64 Baronne
VI,
—
—
Ue
parchase or sale of falnre sblrments or dellTerlts.
Co.,
Cotton Factors,
of the Bud, its Shape, &c.
The Blossom, how it
dianges its Color and Shuts and Falls Formation of Boll Habits of Blossom and
Plant in Relation to Sun Definition of Bottom Crop, Middle Crop and Top Crop
Cotton Enemies in Summer, Lice, Rust, Shedding, Boll- Worms, Caterpillars, &c.
Number Bolls to Make a Pound, &c. Rainfall, Thermometer, CnR0Nl0l.B Weather
Reports and Agricultural Bureau Reports, from July to December, for 1870 to 1877
Tables showing Date of Frost and End of Picking Season at a number of points
in each Southern State for Seven Years Past Important deductions from this
Review and Analysis of Weather for past Seasons, &c., &c.
—
LIVKRPOOI^,
KoUcUconslgnirenU of COTTON* an^ orders for
—
CHAPTER
Brown'* Bnlldlncs,
afforded by our friends, Messrs. D.
—
Growth— Formation
31
Advances made on conslgBincnte. and
IV.
Acreage in the United States— Yield and Acreage by States since 1869— Possibilities of
Crops with Acreage given Growth in Acreage illustrated and proved Percentage
of Production and Acreage in Each State, &c., &c.
—
and Liverpool,
OE JERSEY dc CO.
W. C. Watts & Co.,
—
CHAPTER
—
iTIaucIiester
III.
—
—
—
MKW TOSK.
n
B0a»»
Goods from Earliest Dates Interesting Review of the India
Export Trade in Oeods from before the Christian Era to the Present lime, &c.
The Monsoons and their effect upon and relation to the Cotton Crop Also, the
past Production of Cotton in India and the present supply, with a detailed
description of each Cotton District from which the present supply comes Several
wood-cuts and full Statistics of the Trade, &c., &c.
India production of Cotton
Fall
ooninissioN kierchants,
S3 KX^HANOB PLACB,
History of Cotton in the United States from the date of its earliest production,
tracing the progress from year to year, with the inventions which gave the
impulae to that progress; also a table of receipts and exports at each out-port of
the United States from the earliest records down to 1877, &c., &c.
Bommer and
Knoop, Hanemann & Co
the Object and Scope of the Book.
CHAPTER
contricta for future
Uberal tdTaDCM madaonoon-
delivery of cotton.
INDIA..
he execolloa of orders
or Mie of
for the parchaae
have prepared a large Map o( India, showing, among other things, all ot the
cotton districts of that country.
The map la made up from original soarces and will,
we think, be found very useful.
Introductory
Co.,
Cotton Factors
Special altentton paid to
The contents of
&
Ware, Murphy
VII.
jniSS.
Orders to Purchase Cotton In our market Bollelted.
Refer to Messrs. THOMAS J. SLAUGHTER, New
York.
McAlister
&
Wheless,
CO TTON
OOnmiSSION mSRCHANTS
NASHVILLB, TENNESSKB.
Special attention given to Bplnnera' orders,
Cfaiherlng and Marketing of Crop— The Influences affecting Market— When and why
a Crop will be Marketed Early— An Analysis of the Movement to the Ports of Each
Crop from 1870 to 1877, and ilie Reasons lor Delays and for Haste— Tables Showing
at Several Points in Each State the Date of the Receipt of First Bales, Arrivals
New Cotton to September 1, &c., &c.— Also, Height of Rivers for a Series of
Years. All these facts are so arranged as to enable the reader to form a correct
opinion of the future. This chapter closes with the daily receipts and percentages
of past receipts for a series of years, &c., &c.
Corre
gp^Ddonce aoUcued.
KsFEKZNozs.— Third and Fonrtn Natlosnl Bank
arid Pronr1»torB of THTI 0HmoNIOI.»
miscellaneous.
CHAPTER Vm.
Prices of Spots and Futures, for a
Cotton
Movement
at
New
Lon?
Series of Years, at
York, &c., &c.
New York
and Liverpool-
JOSEPH GILLOTT'S
'
CHAPTER
STEEL PENS.
IX.
Consumption of Cotton in Europe and the United States— Some Thouehts on this
Subject wliich may be Suggestive— Also, full Tables and Statistics Showing Past
Consumption, &c., &c.
This is a very brief summary of the contents of this book. It is a
large octavo volnme of over three hundred pages, containing everthing the
trade needs for reference, and drawing conclusions from the experience of
the past, which ought to make crop estimates in the future less difficult
and uncertain.
Price,
------
Will be
Wm.
B.
HE^KRir
maUed
to
any addrttt poU-paid on
Dana &Co.,79
HERBERT,
Three Dollars.
&
receipt of price,
8i William
5 Au>tin Friars, Old
Broad
St.,
(it.,
N. Y.
L«ndoii.
Sold iy aa dtaltri thriughmt the TVarU.
Smith's Umbrellas.
GINGHAM
GUANAOO
,
.
tlze
SI
patented
2
any
00
00
2 50
SILK, paragon frame
Fine Silk UmbrelUs in great Tariety.
I'mbrellaa and Para»ol« to
30
180
104
1188
405
Fnlton
Fultou
order
& repaired
Street, near Pearl Street.
street, near Broadway.
Broadway, near Pine street.
Broadway, near i9th street
Broadway, ncnr Canal street.
Established A.D.1802
THE CHRONICLE!
VI
Woodward &
&
Pirn, Forwood& Co.,
Stillman,
BUUJ)INO.
GENERAL COMMISSION MERCHANTS,
*
SKAMBN'S BAJJK
Mob. 74
76 Wall Street,
NEW
Insurance.
Cotton.
Cotton.
BOX 613,
p. 0.
.
New
YORK.
Orleans,
P.
O.
BOX 4964,
New
l.a.
SECUBITV.
-ISO,
DND5EWKITERS IN NEW ORLEANS
for
Special attention paid to the execution of orders
British
_^
cotton.
&
Henry Hentz
&
Company
Bennet
conraisMioN ihebchants,
ic
lie Pearl
AdTtncu marie on
New
St.,
H. W.
&
H.
ano
Farley,
Advances made on ConsIgRments.
Bpeclat personal attention to the purchase and sale
•f •• CONTRACTS KOU FUTURE DELIVERY " OF
COTTON.
&
NEW
Co.,
Street,
JEMISON),
BANKERS, COTTON FACTORS
ITo.
Established (In Tontine Building)
Felix Alexander,
(Successor to A. L.
AlllpplnE
KO. a»
RICHARDS)
|
and CommUelon IHercbant
BROAD STREET, NEW YORK.
H. Tileston
&
Entire attention given to purchase of COTTON on
for SPINNERS and EXPORTERS.
CORRBSPONDRNCE SOLXCITKD.
References ;— National Bank of Augusta, Georgia
ORDER
Henry Hentz A Co., Commission Merchants, New
York William B. Dana * Co., Proprietors Comurb
oiAi, AKD FiNASOtAL Cheohicui, and other New
York Houses.
'order* In FUtiros executed
at N. Y.
&
Waldron
(Succcssers to
Cotton Bxchinge
23
«BNBRAI. COTTON niERCHANTS,
97 PEARL STREET, NEW YORK.
Future orders promptly
executed.
LONDON AND EDINBURGH.
^BW YORK
SOLON HUMPHREYS,
E. P.
Sawyer, Wallace
Co.,
COTTON FACTORS & COMMISSION MERCHANTS
47 Broad Street, New York.
Geo. Copeland,
COTTON BROKER,
|t« PEABI. STBEEr,
NEW I'OBK
Bj.)
&,
Co.)
P.
BLAGDEN,
MANAGERS,
Office
54 'William
St.,
New York.
&
Liverpool
London
f
& Globe
Insurance Compa?iy,
45 IVilliam St»
I
E.
PULSFORD,
Besident Manaoek.
BEAVEB STBEET, NEIV YOBK.
L^omfnerczal
L. F. Berje,
COTTON BUYER AND COMMISSION MERCHANT
N E fV
OBI.EANS, LA.
Union
Insurance.
Insurance
ALFRED
Unpaid
1877
$3,000,000 00
1,741,273 42
1,
.
losses, etc
NET SDROLUS, Jan. 1,
No. a Cortlandt
JAS. A.
4J9,U4
1877..
St.,
LyO.
82—
3r
&
39 Wall Street
$7 116 6J1 42
6,170,388 24
$1,945,236 18
Kew
ALEXANDER,
PELL,
Resident Manager,
Company
OF HARTFORD.
Total Aeaets, January
Capital
Re-inturance fund
Ins.
(OF LONDON),
^TNA
York.
&
&
Co.)
Morgan
CHAS. E. WHITE, SAM.
J,
63
D. Morgan
Dows &
Esq. (Drexel,
COTTON BROKERS,
COMMISSION AND COTTON MERCHANTS,
New
FABBKI,
(David
HoK. S. B. CHITTENDEN.
EZ ?A WHITE. E*q.
JOH.S J. ASTOU, Esq.
GENERAL COMMISSION MERCHANTS
143 Pearl Street, New York.
WALTER & KROHN,
Chairman.
(B.
DAVID DOWS, E'q
COTTON FACTORS
.
Street,
British
Company
WILLIAM STREET, NEW YORK.
Edward H Skinker & Co.
»7 Pearl
7,950 01
North
BLOSS & INCHES,
Tainter,
NOURSE A BROOKS),
74
12,288 58
$6,180,873 16
Future Contracts for Cotton bought and aold on
Commission In New York and Liverpool.
Co.,
COrtOV BUYERS <k COMMISSION MERCHANTS
60 Stone Street, New York.
144,li28
Policies
United States Board of Management,
AUGUSTA, GEOBGIA.
1341.
E. O. Richards,
243,«6S 47
62,203 SI
and Mercantile Insurance
Boston.
COTTON BROKER,
Future Con-
COTTON BROKERS,
146 Pearl Street, near W^all, N. Y.
09
190.242 59
199,216 QO
YORK,
&
James F. Wenman & Co.
S,('a).B25
OF
Wm.
AND
Advances made on Consignments.
2,024,553 00
CHAS. J. lOABTIN, President.
J. H. WASHBUBN, Secretary.
GENERAL COMMISSION MERCHANTS,
Co.,
Macaulay
No. 133 Pearl Street, New York.
COMMISSION MERCHANTS,
tracts for Cotton bought and sold on Commission, In
tJcw Yorfc and Liverpool.
|21«,n5 25
Hen on
A niTldend of FIVE Per Cent baa
been declared, payable on demand.
Co.,
;
MOODY &
(Socccssors to
first
$4,315,000)
Real estate
Liberal advances made on consignments. Prompt
Bersonal attention paid to the execution of orders for
le purchase or sale of contracts for future delivery."
133 F<:arl Street,
Neiv Y'ork.
O Box 3,909.
Jemison
orden
AND
44 Broad
York.
AND
S.
(worth
Loans on Stocks payable on demand
(market value of Securities, »324,557 30)
Interest duo on Ist of Ju;y, H78
Balance In hands of Agents
COTTON
FINANCIAL, AOENTS,
E.
&
B. R. Smith
135 PEARL STREET,
J.
COTTON FACTORS,
COMMISSION MERCHANTS.
P.
ASSETS.
United States stocks (market value)
Bank Stocks (market value!
State and Municipal Bonds (market value)
Delivery.
COTTON BROKERS,
New
real estate
Co., COMMISSION MEBCHANTS,
&
$6,180,873 1«
SUMMARY OF
Issued at this office
for the nnrchase or sale of Contracts for Future
New TorK and Liverpool.
Street,
New York.
131 Pearl Street,
Special attention given to the execution of
CO.,
CALCOTTA AND BOMBAY.
FOTUKK C0NTKACT8 FOB COTTON bODgbt
Dennis Perkins
TOTAL ASSETS
Total
KICIK &
meeers. PIN LAY,
117 Pearl
Foulke,
GENERAL
CO.,
AND GLASGOW.
LIVKRPOOL, LONDON
Fiftieth Semi-Annnal Statement,
SnOWINQ TBB
Condition of tbe Company on the first
day of July, 1878.
CASH CAPITAL
$3,000,000 00
Reserve for Re-Ineurance
1,79.5,699 60
Reserve for Unpaid Losses
206,131 28
NetSurplus
1,179,012 38
Premiums due and uncoHected on
Also execute orders for Merchandise throuRh
•old on uommlsslon In
&
Conslgnirenti to
JAMRS FINLAY &
nessrs.
BROADWAY.
135
CashlnBanks
COMMISSION MERCHANTS,
ITork.
OFFICE, No.
Bonds and Mortgages, being
Co.,
OENBRAL
174
OF NETT YORK,
Foreign Marine Insurance
or £.lTerpooI.
'
Company
Insurance
for the
«be purcbaae or aale of contracts for future dellTcry
«f
execute orders for Merchandise In
England, China, India and Singapore.
on Conjlgnments.
HOME
York.
Execute orders for Future ContracM in New York
and
and Liverpool, and make advances on Cotton
other produce consigned to
«ENEEAL COMMISSION MERCHANTS
LEECH, HARBISON & FOBWOOD,
J.OANS MABE ON ACCEPTABtK
tlVERPOOL.
Ubenl »dT«nceB m»ile
XXVIL
[Vol.
York.
Agent.
R. M. Waters
54
BBOAD
&
ST.y^NEir
Co.,
YOBK.
ADVANCES
BUV AND SELIiCottoucoaUacteandOrit-
raadc on warchouso receipts and
consi^iinents of cotton.
class
iaresuneut
Be(^uritiea.
|
@FedFRASER