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HUNT’S
MERCHANTS’
& Wctffeljj
THE
REPRESENTING
INDUSTRIAL
VOL. 25.
AND
wsspaper,
COMMERCIAL INTERESTS OF THE UNITED STATES.
SATURDAY, AUGUST 11, 1877.
CONTENTS.
put on the bank
dence.
THE
Railroad Earnings in July, and
from Jan. to duly 31
127
Latest Monetary and Commercial
129
English News
Commercial
and
Miscellaneous
News
131
123
124
..
Prosperity
Shall the Railroad Interest Sup¬
125
port Labor ?
Fire insurance Announcements... 127
THE
BANKERS’
GAZETTE.
Money Market, U. S. Securities,
I Quotations of Stocks and Bonds. 135
135
Railway Stocks, Gold Market,
{ New York Local Securities
Foreign Exchange, N. Y. City
Investments, and State, City and
137
Banks, National Banks, etc
132 | .Corporation Finances
THE
Commercial
Cotton
COMMERCIAL
Epitome
TIMES.
144
139 I Dry Goods
139 Imports, Exports and Receipts... 145
.
BreadstufEs
143
|
Prices Current
145
©IjroniUe.
day morning, with the latest
news up to
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551^ The Business Department of the Chronicle is represented among
Financial Interests in New York City by Mr. Fred. W. Jones.
BAM RESERVES AND THE REVIVAL OF BUSINESS.
Several questions have been raised of late as to the
depletion of the reserves of the hanks. A little investi¬
gation as to its real nature, extent and causes would
serve to put an end to
many of these discussions.
As is
well known, the weekly reports of our
clearing-house
banks show that the aggregate reserves have fluctuated
this year more than usual; hut the chief causes of the
disturbance
operations of
are
wholly unconnected with the general
our
mercantile and industrial business-
reserves
has been the
the
general movements of our hank reserves during
eight months, we give the following table:
RESERVES
Satur¬
ADVANCE:
$10 20.
well as upon the other evi¬
is, however, certain that one of the chief
as
it is believed to have receded somewhat further. To illus¬
OF NEW
YORK BANKS
DECEMBER,
1876,
TO AUGUST,
1877.
Excess.
midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
Annual subscription
Six mos.
do
on
figures,
depletion of their specie by the export of gold and by
the payments on account of the Syndicate loan. Thus
at the beginning of May, our New York hanks held
twenty-three millions of specie, and at the end of June
seventeen millions ; at the beginning
of July, the aggre¬
gate rose to twenty-one millions, and at the beginning
of August it had fallen to fourteen millions; since which
the last
Financial Chronicle is issued
and
NO. 633.
of the disturbance of the
causes
trate
The Commercial
It
CHRONICLE.
Bank Reserves and the Revival of
Business
WliP.t Hinders
MAGAZINE,
1876.
Dec.
“
2..
9..
“
16..
“
23..
“
30..
Specie.
$20,484,100
22,923,400
26,947,200
27,659,8(0
33,049,700
Leqal Tenders.
Total Reserve.
$S9,S23,700
$60,307,800
59,297,300
63,479,600
36,373,900
36,532,400
"5,546,990
34,975,103
63,206,700
68,024,8(0
cf Reserve•
$8,477,300
8,084,600
11,848,475
11,664,(25
14,909,525
1877.
Jan
6..
“
13..
“
20..
“
27..
Feb.
3..
“
10..
“
17..
“
24
.
M arch 3..
“
10..
“
17..
“
24..
“
31..
April
7.
“
14..
“
21..
“
28..
May
“
5
.
12..
3S,370,8(0
39,737,460
40,974,900
40,187,000
38,305,100
35,619,600
32,035,600
29,374,900
28,498,900
27,548,300
24,4G7,900
22,690,200
20,190,800
21,507,900
19,763,600
20,251,300
20,531,500
23,119,100
23,2*2,500
“
19..
21,867,200
“
26..
21,348,700
19,844,500
19,441,700
18,352,100
16,209,000
June
“
2..
9..
“
16
“
23..
“
30..
July
.
7..
“
14..
((
o|
“
28..
Aug.
4..
The
21,259,300
18,887,800
14,979,800
13,984,100
14,135,800
statistics
35,283,203
37.042 900
40,123,800
42,251,20©
43,305,100
43,788,700
45,808,200
44,713,300
43,227,800
42,708,600
43.280,100
44,454,000
44,356,000
42,257.200
44.257,900
*■
45,896,200
48,865,000
*0,441,700
51,066,700
52,437,700
£3,570,400
56,899,700
£5,078,100
5',363,(00
58.255,600
60.359,500
58,447,000
58,809,200
57,499,700
57,325,200
54.262,100
show the
true’
turbance in the volume of the hank
73,654,000
76,780,300
81,103,700
82,438,200
81.610,200
79,407,300
17,843,800
74,088,200
71,726,700
70,316,900
67,683,00)
67,144,200
64,546,800
63,765,100
64,036,500
66,150,500
69,399,500
73,560,800
74,339,200
74,304,900
74.919,100
75,744 200
74,519,800
74,715,700
74,464,600
77,812,500
79,706,300
77,697,000
72,479,500
71,309,300
68,397,900
nature
reserves
18,458,100
20,813,225
24,268,000
24,781,800
23,837,275
21,394,525
19.709,100
16,760,400
14,951,700
14,520,050
12,233,525
11,390,200
9,612,075
9,203,500
9,039,775
11,067,650
13,674,200
16,821,550
17,623,700
17,643,550
18,560.950
19.873,800
18,585,175
19,049,250
.
18,635,575
21,190,450
21,899,150
20,424,925
16,776,100
16,043,075
13,606,250
of
the
dis-
in this citv.
w
Although this fact is recognized,
not a few persons have The specie portion of those reserves has varied more
supposed that the falling reserves of the hanks must of than twenty-seven millions, at spasmodic and irregular
necessity suggest unfavorable prospects for business, and intervals, and the specie aggregate is now ^14,135,800,
tight money market in the Fall. Indeed, during the
last few months there has been so much of
discourage¬
against $21,259,300 a month ago, $23,119,100 at the
beginning of May, and $40,974,900 on 20th January.
ment in
many parts of the field of finance and trade, While these severe changes haye been going on in the
that perhaps it is not to he wondered at that
by some specie, the movement of the greenbacks has been much
of the sufferers an unfavorable
interpretation has been more steady. Thus we find that after the depletion of
a
124
THE CHRONICLE
[Vol. XXV.
perhaps all the more salutary and safe because it
At any rate, it is not slower in the United
States than in other countries; indeed, it would not be
easy for us to find many examples among the countries
of Europe in which financial and industrial recovery is
report. This is almost exactly the same aggregate as
that of 10th August in the prosperous year 1872, when going on with more favorable prospects than here. If,
the bank deposits were nearly twenty millions more than as is expected, stringency is averted from us next Fall,
at present.
At the beginning of August last year the and if the debates in Congress do not disturb our
spring trade the greenback reserve gradually rose,
until at the end of June it reached its highest point,
$60,359,500, from which there has been a slow and
healthy decline to $54,262,100, which is last week’s
the
on is
is
so
slow.
machinery, the good crops and the other
favoring circumstances of the financial situation justify
1873 to 49 millions.
Moreover, the whole excess of the hope of a fair amount of business prosperity during
reserve
is now $13,606,250, which is five millions the coming season.
more than that reported at the beginning of December
WHAT HINDERS PROSPERITY ?
last.
As the legal-tender reserves are so strong, we may
The question is frequently raised what are the reasons
safely conclude that, so far as the recent movements of
the greenback aggregates are concerned, the evidence why the resources of production in this country remain
does not justify any special fears, such as are above so persistently unused. The Chicago Inter-Ocean pre¬
referred to, as to the early future.
On the contrary, the sents the case in a very terse manner, in this wise :
observations and experience of some of our leading Here is a population of nearly or quite forty-five
bankers lead them to the conclusion that the country millions, possessing a soil and climate varied and
has not been drawing very heavily upon New York for desirable in the highest degree, ample water com¬
For a year past, the de¬ munication in all directions, and a great network of
currency to move the crops.
mand for money here and the rates paid for its use have railroads begging for freight; nevertheless, probably
not been such as to attract deposits so actively as w*as one-third of the people are without adequate remunera¬
usual in former years when the rates of interest were tive employment, and many who would gladly have
higher. Hence the interior banks are reported to have work to do have none at all; railroads are going into
kept a larger portion of their deposits at home, and it is receiverships, and their employes are deserting their
inferred that they are consequently the better able to work to engage in unprecedented acts of violence,
meet the requirements
of the Fall trade without while what transportation there is to be done is thus
depending so much as heretofore upon the banks of interrupted. On one hand, capital needing investment
is so plethoric in abundance that it takes many millions of
New York and other centres.
Such, at least, is the opinion of competent authorities, bonds at a rate of interest contrary to all the past; on
and, if sound, it corroborates the other evidence that the other hand, both skilled and unskilled labor want
so far as the New York bank’ reserves are concerned,
employment and wait for it. What is the thing that
the indications are not hostile to the revival of business. keeps apart the capital and the industry which ought
Indeed, with the heavy accumulation of idle capital at to come together?
all our great financial centres, it would seem as if the
Manifestly, there is no change in natural laws since
low rates of interest must soon begin to operate to the 1870; seed will produce harvest, and machinery and
benefit of business. On inquiry among our mercantile hands will produce manufactures, under the same condi'
community, we find, however, that there is not much tions as then, but even more abundantly, because
sign of this expected reaction. Several causes are still methods and appliances have improved and increased.
at work to prevent the free movements of capital and We do not produce as much then, because employers do
This is only another-way of saying
to make it refuse to enter freely the channels of trade not want workers.
and industry.
We further learn that the number of that capitalists cling fast to their property, and refuse
failures during the last two months has increased in to buy labor.
The striking employe denounces them as
some of the most important sections of the country, and
tyrants, and attempts to solve the difficulty in the
that the dividends paid on insolvent estates which are method followed at Pittsburgh, thus attacking the
being wound up compare unfavorably with those of industrial machinery with club and torch because it
previous years. It is also reported from widely distant does not move to suit him; but this is the madness of a
points that some large firms are in difficulties, whose midsummer week, and the wise course is to look for the
assets, though they greatly exceed the liabilities, are obstacle which clogs the wheels. Is not this obstacle
unavailable, being made up of real estate or bonds and very largely fear—fear of several things, or of things not
mortgages or similarly unavailable property. A large defined, but fear nevertheless ?
Analysis thus reaches the fact that the capitalists, or
proportion of these insolvents have, for years, done busi¬
the
ness on too small a basis of floating capital.
possessors of the unconsumed and accumulated prod¬
They have
ucts
of past labor, will not buy labor with what they
been used to depend on their banks for a large part of
have.
Inasmuch as they never buy for benevolent
the active capital they employed.
These bank accommodations are now more needful reasons, but only because they expect to get by the
than ever, and in proportion as the necessity increases process more than they have already, it follows that
there is a corresponding increase in the difficulty of get¬ they have no confidence in the prospects of profit ; they
ting loans. Facts like these, which meet us on every would rather, as they see the future, take the risk of
side, tend to show that while the country at large is losing what they have by rust and waste than the risk of
without doubt advancing and making progress, there is putting it in business operations and being unable to get
a great deal of widespread suffering and distress.
Here, it out. Thus their fear and consequent inactivity bears
as in other countries, our productive powers have been
heavily upon the multitude who must live on their wages
expanded too swiftly, and must be restored to a healthy from week to week. Do we not then reach the answer
basis. The inflation of credit and of prices, incident to to the question asked at the beginning in the fact that
our paper-money
system, brought on us the panic of capital is fearful instead of hopeful ?
The calamities dreaded are not natural convulsions or
1873, and the process of recovery which is now going
reserves of the banks amounted to 60 millions,
in 1875 to 73 millions, in 1874 to 66 millions, and in
greenback
monetary
August
11, 1877.]
THE CHRONICLE.
125
radical changes of a social or governmental sort; not more to the increasing volume of currency than to
the definite fear is that there may be serious and radical the appearance of government in market as a purchaser.
changes in the finances—that even the continuance of ex¬ Evidently both those conditions must combine before we
can repeat the effect, and even then it could not be
isting conditions carinot be counted upon. The capitalist
\c3lu neither avoid seeing nor forget that the greenback done, for the old feeling could not be restored. The
/inflation heresy yet has a large and formidable follow¬ capitalist has built his houses on a greenback valuation,
and lived to mark their value down 40 per cent; he has
ing; so have the silver crusaders of Ohio, whose doc¬
trine is even more dangerous than that of the greenback acquired manufactories which are idle and unsalable,
even
men,
with whom they have much in common and are
likely to coalesce, because it is not devoid of reason and
substantiality ; these classes show the fervor of lunacy
itself, and will resist to the last, determined to harass
the cause of resumption even if unable to overthrow it;
the approach of 1879 seems to inflame further the per¬
sons who never cease denouncing the resumption act as
the cause of all our woes, and demanding its repeal as
the condition of prosperity, appealing with seductive*
although unsound, pleas to debtors in States largely in
debt;each successive step towards resumption, while not
necessarily discouraging, brings out in stronger light the
old difficulties, and shows that the sharp issue is yet to
come.
Hence, no intelligent man can fail to see that
this is rather peculiarly a transition time, and that it is
certain that changes are impending, while impossible to
predict what they will be or precisely how soon. Hence
the inactivity of capital is not really so fit a subject for
surprise as is the sight of any substantial investments in
labor-employing enterprises to an extent considerably
beyond the needs of hand-to-mouth consumption.
Now, if this reasoning is sound, the conclusion which
nobody, whatever his financial notions are, can question
is this : In order to approach renewed prosperity it is
necessary to approach, and in order to reach that it is
necessary to reach, a condition of things which every¬
body can and will admit to be stable. If the capitalist’s
fears are what keep him back from employing labor as
formerly, and if the financial instability—which suggests
as possible all conceivable troubles that lie between the
extreme rates of 2 per cent a month and 2 per cent a
year—is at the bottom of his fears, it follows that the
instability is mainly the evil to be removed. A page of
amplification could not make this clearer. There is,
however, only one condition which is stability, and that
is the specie basis, to which, by some course or other,
hard or easy, and at some time or other, near or remote,
the country is certain to return.
Greenback men and
and
similarly depreciated; he has bought stocks and
bonds which are worth only a fraction of their cost; he
has gone through the inflation experience, and although
he would like an opportunity to “ unload ” on somebody
else, there is not power in 1,000 millions of greenbacks
to make him forget the lesson and to restore the war
prices. Inflationists are sighing for yesterday. The
bubble is broken and cannot be restored; the collapse
is so utter that we cannot even blow a new one, in the
time of the present generation.
Meanwhile, resistance to resumption, of whatever sort,
is only making prosperity later and the losses by the
present mildew and rust vastly larger. If inflationists
could only be brought to understand that what they crave
is forbidden by every law, and that their only possible
success will consist in hurting every class and
every in¬
terest, the wisdom Which could show this would be better
to them than a largess of greenbacks.
Prosperity does
not lie in bringing back the old order of things,
but in
accepting the fact as past and pressing forward to the new
and better order. Accept the situation and get upon the
solid ground. This is the lesson the whole country
needs, and now that we near the decisive test of the
sumption act we peculiarly need to learn it.
re¬
SHALL THE RAILROAD INTEREST SUPPORT LABOR!
Evidently
people appear to think that success
against the public, and especially if the
successful one is a corporation.
No liberality of
promise, however, is excessive when the corporate
enterprise is in its inception. A town or city or State
holds out to manufacturing interests great inducements
for the centering of manufacturing establishments
there—no taxation, free water-privileges, and rights and
easements of all kinds.
As a result, capital flows in that
direction, and the surrounding country thrives upon it ;
but five years later one-third the investment proves a
total failure, another third drags out a sickly existence
and the remaining third divides fifteen to twenty per cent
but unless all history teaches nothing,, and this genera¬ annually. Or, perhaps, it is banking capital the neigh¬
tion is the only wise one the world ever had, gold and borhood wanted, and by liberal promises obtained in
silver are the only real money, and an inconvertible cur¬ abundance and with similar returns to the investors.
But what next? We started with no taxation, man v
rency is a financial explosive. When we stand on the
solid earth we know there is an immovable foundation privileges and large capital ; the close invariably finds
under us; while we float in the air we are sure of noth¬ diminished capital, no privileges and taxation put on in
ing except instability. When we get back into the harbor every conceivable form the law allows, until dividends
are
we left in 1862 we shall have permanence, but until
greatly reduced or wholly absorbed. Is such the
in which the public hold the successful cor¬
estimation
then we shall be liable to be blown either to shore or off
shore.
poration and the way it has of rewarding good manage¬
Suppose we try the asserted panacea of further ment ?
Just at present, railroads apparently are, in the
inflation.
Waiving the difficulty which the inflation¬
ists never take breath long enough to explain, namety, opinion of these same people, the greatest evil this
how new issues could be got out unless given away, and country possesses, having absolutely no rights except
also waiving the demonstrated fact that every reservoir the right to support its employes.
To be sure,
is gorged now with idle currency, it is evident that infla¬ a short time since they were an unqualified good,
tion could revive business only by raising prices, and to be wooed by endless caressing.
And now, so
thus “ floating ” the investments and enterprises which long as the\r will carry freight at the shipper’s
are stranded on every side.
But inflation could not do price and pay a large portion of the taxes of
this, for obvious reasons. The steady rise of prices in the cities, towns, counties and States through which
the early years of the war—while we were all getting they pass, their existence is not, perhaps, regrettable.
rich ” by destroying our accumulated wealth—was due But the half a dozen (are there more than that?) that
is
a
some
crime
>“ interconvertible” theorists may talk what they will,
'
“
.
126
THE CHRONICLE
Vol. XXV.
have been
economically, honestly and prudently di¬ than the market price for anything he wishes to
pur¬
rected and have thereby secured decided success are chase would be
simply spending breath to very little
proper victims for the public. Is there any reason why purpose. As a trustee he could not do
it, for liberality
such rich corporations should be allowed to
get labor at with other people’s money is not honest according to
the market price or pay the same as their neighbors for the old
code; as a good business man he could not do
coal, iron, lumber or other materials they may need ? it, for he would cease to be such when he
adopted that
If we must follow the current ideas of the
day, as policy.
But it isqntimated that Mr. Vanderbilt is
developed in political platforms and partisan newspaper
paying for
criticisms, we certainly should say no. You are too labor less than the present market price, or less than it
honest and prudent in your management is, in effect, the is to be in a short
time, and is thus, by squeezing his
cry—look no longer after the interests of your stock¬ employes, keeping up the dividends for his stockholders
holders—reduce your dividends, or we will compel you —that all
property has depreciated, and that he should
to, by forcing you to pay the coal and iron merchant be willing to accept the
general depreciation, and pay
and all your other employes more than the market smaller dividends. We
must again object to a treatment
of this question which makes Mr. Vanderbilt the
price.
expon¬
These demands are of little importance when confined ent or
representative of all the shareholders.
The
to the limited class where
Central’s
stock
is
they have their birth and to
widely held, and by investors but
the small politicians who thrive upon them.
But it poorly able to lose any portion" of their income
surprises us greatly to find so excellent and independent —“ widows and orphans,” the two classes which
a
paper as the Springfield Republican giving such ideas are so often mentioned with
pronounced sympathy
any encouragement, as it certainly does when it uses by our political newspapers,
are largely represented.
the following language:
And the fact that so many other securities have
depreci¬
The
position of Mr. Vanderbilt would indicate that he had
reduced wages below what he regards a3 their
probable
standard in the not-distant future.
To have proceeded to this
ated, and so many railroad stocks which were relied
upon as undoubted, have become valueless, makes the
extremity, and to have invited this great convulsion of employed dependence of such investors
upon the Central more
labor, all before a single sacrifice had been asked of share¬
absolute
and
necessary.
holders, seems to have been an unwise policy, conceived in a
All this, however, is of no
feeble apprehension of the
great responsibilities of the manager importance, comparatively, if an actual
wrong is being
of so vast a property and the
employer of so many men. Let dene the
him ease his finances by
laborer,
to
procure the wished-for result.
Yet
striking off one-fourth of the profit paid
on his
capital, reducing the rate from 8 to G per cent, an absolute *s this so, or is it possible under the circumstances?
easing of $1,780,000, vastly more than he will wring from his
help by this last reduction, and then he will be in an attitude, Labor is free, as heretofore, to accept or not to accept
when business revives, to divide the
rising and surplus profits any work that is offered. But labor is not in demand—
equitably between both the great interests which lie in his
everywhere we see enforced idleness.
As a result,
hands.
And again it says :
wages are very low.
Almost all industries are also unremunerative—even
The fact that the New York Central maintains the
after
same rate
taking advantage of the fact of
of dividend which it has
paid for some years readily suggests a cheap labor—and as a consequence,
capital brings but a
solution of the problem.
This great corporation has not as yet
small return.
conceded a dollar to that reduction of the returns of
Still, the market for labor is as fixed as is
capital which
is well-nigh universal and is inevitable in
every investment.
Its that forcapital.
On our railroads, wages are determined
nominal capital is not only almost double its
real, but the rate of in
dividend on the whole $89,400,000 is
great part by the average ability of the roads to pay,
stiffly maintained at 8 per
cent.
This cannot always be. With the
Pennsylvania road pay¬ and not by the caprice of any one man. The whole
sys¬
ing only G per cent on real capital, the Erie paying nothing, aud
tem or entire railroad
the canal carrying free, Mr. Vanderbilt cannot continue
industry must be taken into the
to earn 8
per cent, and, if he pays it, it will be at the
expense of the per¬ account—the capital expended and the
results; and
manent property.
in the light of such results, does there seem to be
any
We have nothing to
say with regard to Mr. Vander¬ great oppression in
asking
men, for the ,time being, to
bilt as an individual or about his
personal charities. We accept the situation, by taking the market
price for labor,
may add, however, that if the proposition was for him and share the burden of
helping
this
great
industry out
to take $1,780,000 of his own
dividends, and divide of its present difficulty, and past and present losses ?
among the laboring classes, we should certainly encour¬
This, however, brings us to the main argument used
age him to do it. But that is not the question: it is a
against the New York Central, and that is the fact that
question simply between the President of the New York it has divided 80
per cent of stock among its share¬
Central Railroad, its stockholders and the
public. That holders, for which it is claimed no value was
Mr. Vanderbilt owns much of the stock does not affect
given, and has ever since paid 8 per cent divi¬
the issue. He does not own it
all, and until he has dends on it. As the act here
complained of was done
received his portion of the
earnings by a dividend, he years since, and the stock has largely
passed into
has no control over them
except as trustee; if he is new’ hands, wre cannot see what relation it can have
honest, he will only manage them for the best interests to the
But wTe have no
question now at issue.
of those he
represents. To his credit, or rather to the intention of
writing in favor of what is called
credit of his father, it
may be said, that when he took watering stock, either as to its wisdom or
pro¬
the position as head of that
corporation he had not as priety ; and wTe have only cited the Central in this
good, promise of success as many other presidents of discussion for the
purpose of attacking a vicious idea
railroads which are now in the last throes of existence.
—sympathy for men leading into hostility to rail¬
Further, he has never used his position for the purpose roads—which would seem to be
growing in popularity.
of
speculating in his stock at the expense of his stock¬ Our State legislatures should
pass lawTs against fictitious
holders, but has, on the contrary, devoted his time and increase of
capital in corporations, allowing such issues
attention
faithfully to economising labor in every way in some cases perhaps, but only
after an official inquiry
he could and
developing the property which lie. con¬ should determine that the new- stock is for
earnings to
trolled.
Every successful business man knows that an equal amount which had gone into construction.
suceess in
management lies in and through economy, They are almost
always made for the purpose of cover¬
and to tell one such
man, whether he is at the head of a ing
up something or deceiving the public. Increased
railroad or of a cotton factory,
that he must pay higher dividends on the paid-up stock, where
they are earned,
now
\
l
AUGUST 11,
THE CHRONICLE
18:7.]
127
And in this case, if Mr. liabilities, or both, than is exhibited by statements now
Vanderbilt, by his economy and prudence and honesty, on file.”
The Superintendent gives this only as “ his views,”
had brought up this property until, instead of issuing
new shares, it paid fifteen per cent regularly on^the old but a careful examination of section 2 shows that he is
capital, any objection to its continued payment, if slightly in error in saying that assets available for fire
honestly secured, would simply be putting a premium losses must be stated, for—whatever the intent—the law
on dishonest and reckless management.
The stock¬ names only two items, the actual paid-in capital and the
holders could give just as much of- it, after the division, actual net surplus. .The law, howler, is carelessly
In the last section, in providing for a
for charitable purposes and relief of the laboring classes worded.
as they
wished, but that use of the money is not, penalty for violation of the act, it omits to specify
we repeat,
within the power of the direction; and whether “ the poor of said county ” are the inmates of
it is really refreshing to find one officer at least who almshouses cr the more vague class of outside poor, and
would be the more open course.
it his duty to manage his trust simply on
business principles.
This illustrates what has been
Mr. Vanderbilt’s course throughout his administration.
For while other railroad heads have, many of them, been
deems
if not the
former, how and to whom the distribution
shall be made.
Again,
a
fine is provided for the first,
But
and double that for every subsequent
violation.
what is the violative act—the publication of a
new
squandering their resources, guaranteeing other com¬ announcement, after the 7th, which does not conform to
panies’ bonds, assuming leases or stealing all they could the requirements, or as well the continuance in use of
themselves and their sympathizing friends, the old deceptive
mind that has directed Central has been intent appar¬ latter as well
for
signs and other announcements ?
If the
rational
to
ently on honestly developing the property, until to-day,
suppose, then when does the first violation end and
with its four tracks, it can transact its business with the the subsequent one begin; is the second week, day,
utmost economy and efficiency, and, in the opinion of hour or minute that the forbidden announcement is
leading capitalists, is well worth in hard money all its kept in use subject to the doubled fine of $1,000 ?
increased capital and outstanding obligations.
It is also possible to maintain plausibly that a company
,Nor do we see how any one can reasonably begrudge wdiich simply advertises its “ capital,” or its “ authorized
those who have invested their money in Central the capital,” to be so many millions does not thereby issue
returns they are receiving.
Taken at their average, an announcement “ which shall purport to make known
railroad investments have been, as we all know, about as the financial standing of any such company,” inasmuch
poor property as one could have. The following gross as “ financial standing ” means more than, and cannot
statement for each of the last six years of railroad be set forth by, a single item; if this technical plea could
capital and debt and dividends is taken from “ Poor’s be made to stand, then the command of section 2 might
be successfully evaded, plain as its intent is. Further¬
Manual,” and illustrates this truth: °
es
Mi
Dividends more, not only is permission given in section 3 to state
Capital and
Year.
Operated.
Paid.
Funded Debt.
authorized capital in policies, but the language of sec*
1876
73,508
$4,468,591,935
$68,039,668
1875
71,759
4,415,631,630
74.294,208 tion 1 clearly permits any amount of authorized, con¬
1874
69,273
4,221,762,594
67,042,942
1873
66,237
3,784,513,034
67,120.709 templated, or contingent capital to be stated, in any
1872
57,323
3,159,423,057
64,418,157 manner, so long as the show-funds are not represented as
1871
44,614
2,664,627,645
56,456.681
actually in possession.
Of the above, under heading of “ Capital and Funded
We do not point out these defects in a spirit of hyperbonds.
The
Debt,” about one-half the amount is for
criticism, but only because the careless phraseology of
actual average dividends on railroad stock in the United statutes is an evil which makes continual trouble and
States during 1876 was 3*03 per cent. In the light of does not seem to be
growing infrequent in occurrence.
these figures it would seem to be pretty clear that if the The intent of this law is excellent and meets the
approval
laboring classes are to be supported during this time of of conservative underwriters who do not desire to procure
general depression, they should in justice be put upon business through misrepresentations or misunderstandings;
some
other shoulders than those of railroad investors.
FIRE INSURANCE ANNOUNCEMENTS.
as
the former is meant, as seems
necessity of such a statute may be inferred from the
fact that, according to the general impression, a very large
number of signs will require immediate retouching, and a
the
very large quantity of circulars, letter-heads and other
Among the laws passed near the close of the last ses¬
stationery, blotters, calendars, &c., will be left on hand,
sion of the State Legislature was one
wdiiclihas attracted fit
only for paper stock. Decidedly, we need to get
little attention until the
present week, during which it down to the facts in
respect to all kinds of insurance,
Its title is “ An act to prevent the making
and any law wThich aims to stop the parading of fictitious
and publication of false or deceptive
statements in
capital, which is good as a decoy but is never forth¬
relation to the
took effect.
business of
fire insurance.”
For the
coming in
case
it is wanted, will receive approval. Not¬
of calling the attention of the companies to its
withstanding the defects wTe have pointed out, the pas¬
provisions the Superintendent, on Monday issued a cir¬
sage of the law is a matter for congratulation; for it
cular notifying them that all signs
now in use represent¬ will
probably be obeyed without attempting to evade it
ing amounts not entirely available for the payment of on technical
grounds, since any company which attempts
fire losses must be removed; that all signs and other
such evasion
purpose
undesirable notoriety, and
precedent of restriction in this particular is estab¬
lished, at least. Every step in the direction of making
paid in, net surplus (on the basis of total assets, less
State supervision effective is a positive gain.
total liabilities, including capital); that companies
may
forms of announcement must contain at least these
the
three items, assets available for fire losses, capital stock
still state in
may
draw
an
policies and renewals the amount of RAILROAD EARNINGS IN JULY AND FROM JAN. 1 TO JULY 31.
capital; and that signs placed in use after
The principal event in July to affect railroad earnings wa3 the
this, date must be changed whenever the statements
great strike. During the last week of the month and the first
(annually) filed hereafter “show less assets or more week of August the traffic of numerous roads throughout the
authorized
THE
128
Northern and Western States
CHRONICLE
GROSS EARNING8 FROM JANUARY
seriously cut down by the
was
["*. xxv.
1877.
.
operations of the strikers, and the earnings for those weeks can¬
not fairly be compared with those for the similar periods in
preceding years. A part of the lost earnings will be made up
by the forwarding of freight which was held back at the time
trains were stopped, but the full amount of earnings lost can
hardly be regained, and the railroads will be, to the extent of the
loss, just so much less able to pay high wages than before. The
main aspects of railroad traffic last month were the same that
we have noticed for some time past—the least favorable exhibit
being made by the roads in Illinois and Northwestern States, and
the best exhibit by the roads southwest from St. Louis.
With
the through roads to Texas the shipments of wheat from that
State have probably contributed a large item to their freight
The Illinois Central shows
business.
earnings in July than in previous months, and wifh
this rosd, as well as the Milwaukee & St. Paul and others
dependent on grain traffic, the turning point ought to be near at
hand, so that their earnings for the month now current should be
close to those for the same month of last year, if they do not
exceed them.
A telegram from St. Louis says that the Kansas
Pacific and the Atchison Topeka & Santa Fe Railroads have
formed a pool for all business. Forty per cent of gross earnings
is allowed for expenses, and the remaining sixty per cent is to be
divided equally.
The precise bearing of arrangements of this
sort are hardly known to the public at first, but so far as they
mean harmony instead of competition for business,
they are
accepted aB favorable. The Central Pacific decrease is $175,222
for July, which is a decided improvement od the figures for
June.
GROSS EARNINGS IN JULT.
Atchison Top. & S. Fe ...
Burl. C. Rap. & North’n.
Cairo & St. Louis*
Canada Soutnern
Central Pacific
—
•hicago & Alton
Chic. Mil. & St. Paul..
Cl. Mr. V.& Del.&brchs..
Denver & Rio Grande*
Grand Trunk of Canada.
Gt. Western of Canada..
Illinois Cent. —Ill. lines..
..
$194,040
$198,851
73,309
13,867
121,649
1,3 6,000
810,160
556,000
24,484
71.420
14,894
115,798
8.851
1,541,222
403,671
175,222
27,586
26,247
25,360
84,726
88,507
72,406
252,313
*
93,511
129,270
3,102
685.270
Indianap. B. & Western..
Total
Net decrease
_____
1,027
Lensed lines.
10,103
10,739
10,865
24,957
'3,781
266.568
380,495
•
89,500
253,125
31,738
224,308
292.468
257,587
216,917
87,769
•
.
17,094
14.731
28,817
2,174
34,881
29.564
193,924
96,424
•
r
114,034
267.044
—
$1,831
1,889
657,436
Int. & Gt. Northern
Missouri Pacific
Missouri Kansas & Texas
St. L. A. & T. H. (br’chs)
St. L. Iron Mt. & S
St. L. K. C. & North
St. L. & San Francisco...
Tol Peoria & Warsaw....
Wabash
Dec.
$
617.233
255,829
369,630
89,077
do
22,993
8,655
71.359
92,666
273,767
271.973
l,7t9
$5,733,540
$6,097,507
$144,741
18,307
$508,708
363,967
Three weeks
only cf July in each
Burl. C. Rap & Northern..
Cairo & St. Louis*
Canada Southern.
Central Pacific
Chicago & Alton
Chic.Mil. & St. Paul
Cl. Mt. V.& Del.&brchs..
Denver & Rio Grande*..
Grand Trunk
Great Western
Illinois Central (Ill. line)
Ind. Bloom. & Western..
Int. & Great Northern...
Missouri Pacific
Missouri Kansas & Texas
St. L. A. & T. H. (br’chs)
St. L. Iron Mt. & So
St. L. Kansas City & N..
St. Louis & S. Francisco
Tol. Peoria & Warsaw..
Wabash
...
.
Total
Net decrease
Inc.
1876.
Dec.
$1,244,054
501.953
137.607
660,655
138,962
1,032,275
9,066.000
948,679
9,*68,167
2,341,902
2,650,372
308,470
3,515,460
4,615.787
208,669
211,786
1,130,327
3,117
354,967
1229,803
5,379,902
2,258.209
3.060,661
85 <,038
639.517
4.974,436
2,068,098
2,549,119
664,122
746,431
2,224,609
1,004,844
708,966
572,863
2,004,242
1,642.148
265,088
1,976,97 i
1,716,423
699,079
786,051
2,259,530
2,358,095
$40,790,580
$43,943,295
2,074,502
1,684,059
269.431
GROSS
$13,963
$
158,697
1,355
83,596
502,167
125,161
405,466
190,111
511,542
193,916
106.964
70,260
111,579
9,887
213,188
98,566
$689.7*8
$3,842,464
t
Figures this
The
only of July in each
year.
year embrace Trinidad extension;
not included prior to June 1.
in 1876, the earnings of this
following companies have but recently reported their earnings for June:
GROSS EARNINGS IN JUNE.
Hannibal & St. Joseph...
Kansas Pacific
Louisville Cin. & Lex
Mobile & Ohio
Nash. Chat. & St. Louis..
New Jersey Midland
Paducah & Memphis
...
Philadelphia & Erie
St. Joseph & Western....
St. Paul & Sioux City....
Sioux City & St. Paul
Union Pacific
Total
Net decrease
•
•
•
175,857
•
346,476
$12,,100,884
$12,688,645
$422,218
6,690
262,297
162,719
.June.
,
'
64,638
49,437
$410,009
Atchison Topeka
Gross earnings.
Net
*
$186,641
106,897
$1,036,671
114.711
593,453
$1,045,803
529,325
$71,020
$79,744
$143,218
$516,478
$69,357
$100,700
$428,619
$589,235
58,768
85,398
341,693
440,474
$10,589
$15,3C2
$86,956
$148,761
$33,650
34,037
$184,185
$185,731
earnings
Burl. Cedar Rapids & North.Gross earnings
Operating expenses
Net earnings
Clev. Mt. Vernon &Del. and Br’chs.—
Gross earnings
$35,196
81,621
Operating expenses
Net earnings
Expenses
Net
def.
earnings
profits
Nashville Chatt. & St. L.—
Gross earnings
Operating expenses & taxes
Net earnings....
New Jersey Midland—
Gross earnings
Net
$253,652
$238,437
$1,846,045
$1,864,057
154,251
145,005
894,483
877,904
$99,401
'$93,432
$541,502
$486,153
•
$490,496
$87,437
$87,964
$509,814
71,867
72,291
409,938
412,123
$15,570
$15,673
$99,376
$78,3T3
$117,439
77,963
$118,*62
$810,993
$876,636
79,062
498,067
516,044
$39,476
$39,500
$312,926
$330,592
$62,750
$56,120
$312,862
244,686
$286,004
52,118
$10,632
earnings
153,759
$30,441
Operating expenses
Paducah & Memphis—
Gross earnings....
Operating expenses
.
$34,441
’
Louisville Cin. & Lex.—
Gross earnings
Operating & other expenses
$184,200
149,744
$387
$3,575
...
Kaneas Pacific.—
Gross earnings
1876.
1877.
1876.
& Sante Fe
Operating expenses
net
all
,—Jan. 1 to June 30.
,
1877.
$
$€8,176
^
»
•
•
$12,610
7,319
$14,371
$86,309
$166,054
10,552
63,957
70,229
Net earnings
Philadelphia & Erie—
Gross earnings
$5,291
$3,819
$22,352
$35,825
$250,705
188,977
$261,263
233,010
$1,389,864
1,007,679
$1,565,721
Operating expenses
$61,728
$28,255
$382,165
$428,296
$274,164
earnings
Operating & other expensesi 164,944
$252,643
$1,932,141
181,574
1,130,690
$1,719,386
1,072,678
$109,220
$71,069
$801,451
$646,708
$97,778
47,109
$106,612
80,846
$612,512
Net
earnings
1.137,425
St. L. Iron Mt. & Southern—
Gross
Net
earnings
St. Louis & San Francisco—
298,712
$611,310
c
379,995
$50,769
$26,266
$313,770
$231,315
St. L. & So. East.—St. L. Div.
Gross earnings
$43,102
$54,560
37,826
$275,743
220,254
$285,492
38,360
$4,742
$16,731
$55,489
$47,400
$150,968
Netearnings
;.
—
Operating expenses
Net
earnings
St. L. & So. East.—Kentucky Div.—
Gross earDings
$24,443
Net
earnings
St. L. & So. East.—Tenn.
Gross earnings
Operating expenses
238,092
$24,985
19,321
$141,643
20,547
127,838
131,563
$3,896
$5,664
$13,805
$19,405
Div.—
$11,697
9,828
$11,115
8,746
$70,117
61,787
$71,184
$8,330
$10,347
$262,297
Operating expenses
$2,369
$1,869
earnings
60,837
{*
J
$53,748
31,616
$207,659
26,238
161,669
181,587
$14,122
$22,132
$45,990
$80,710
$21,204
$31,8^8
$113,282
$162,719
19.9J2
21,010
102,478
130,213
$1,212
$10,853
$10,804
$32,506
Operating expenses,.
$1,101,099
421,401
$1,154,314
418,136
$5,992,409
2,486 371
$5,045,933
2,672,773
earnings
$679,698
$736,178
$3,506,038
$2,973,160
earnings
Operating expenses
Netearnings
Sioux City & St. Paul—
Gross earnings.
$40,360
Operating expenses
Net
Three weeks
were
19,745
•
3.152.706
♦
extension
26,858
EARNINGS, EXPENSES AND NET EARNINGS.
Gross
217,636
26,677
65,643
5,645,933
...
St. Paul & Sioux City—
4.343
18,018
18,818
The statement below gives the gross earnings, operating expenses and
earnings for the month of June, and from January 1 to June 80, of
the roads that will furnish statements for publication:
Net
41,911
$......
177,190
207,659
113,282
5,992,409
1 TO JXTLY 31.
$1,230,691
t
86,309
earnings
Operating expenses
GROSS EARNINGS FROM JANUARY
At. Top. & Santa Fe
312.862
...
Total
Net increase
Decrease.
$23,406
853,526
876,636
236,004
106,054
1,565.721
170,500
826,849
819,993
Gross
year.
1877.
509,314
Un ion Pacific
Net
Inc.
1876.
52.107
St. Paul & Sioux City
Sioux City & St. Paul
1,346.045
1,389,864
Philadelphia & Erie*
St. Joseph & Western
Increase.
$904,702
1,364,057
490,496
$928,108
much smaller relative
a
decrease in
1877.
Haanibal & St. Joseph...
Kansas Pacific
Louv. Cin. & Lex
Mobile & Ohio
Nashv. Chatt. & St. L....
New Jersey Midland ....
Paducah & Memphis
1 TO JUNE 80.
1876.
1877.
1876.
$165,449
253,152
$141,4'6
21,023
233,437
67,964
15,215
87,437
88,949
117,439
64,750
12,610
250.705
26,878
40,360
21,204
85,83i
118,562
56,120
14,371
261,265
Increase.
3,ii7
••••••
$2,228,522
$2,279,124
527
1,123
1,761
10,560
6,339
13,388
10,664
53,215
31.668
1,154,314
'
6,630
35,217
53,748
1.101,099
Decrease.
$48,985
$99,577
50,592
earnings
Union Pacific—
Gross < amines
Net
Wabash—
Gross earnings
$
$
$1,985,763
1,542,947
$2,086,118
1,663,681
$
$
$442,816
$422,537
Operating expenses
Net
earnings
—Messrs.
Wilson, Colston & Co., of 134 Baltimore street,
Baltimore, who are the agents in that city for
funding the old
Memphis city bonds into new compromise bonds, inform us that
the old bonaed debt is about $4,000,000, and the total liabilities
to be funded are about $5,600,000.
—The Ontario Silver Mining Company announced the pay¬
ment, on the 15th instant, of its eighth dividend of fifty cmts,
gold,
per
share.
August
Cateat fllanttatg ait&
RATE*OF
<0.ammtrctal <£>igtial) Nero a
8VOU4NGB 4T LONDON
AT LATEST
EXCHANGE AT LONDON—
AND ON LONDON
DATES.
EXCHANGE ON LONDON.
JULY 27.
LATE8T
RATS.
ON—
TIMS.
Amsterdam...
3 months.
Antwerp
12.3^^12.4
25.30 (3*25.35
20.56 ©20.60
short.
25.11^ ©25.22*
3 months. 25.27* ©25.32*
12.60 ©12.65
20.56 ©20.60
44
ft*
Hamburg
Paris
Paris
...
Vienna
ftft
Frankfort
St.
....
•
•
•
ft
ftft
47*@43
90 days.
51*@51*
3 months. 28.05 @28.15
ftft
23.05 @2S. 15
ftft
23.(:5 @2’,.15
Genoa
Naples
ftft
Madrid
New York ....
Rio de Janeiro
•
47*@47*
•
•
•
•
•
•
.
•
•
•
•
•
•
•
•
12.08
25.19
3 mos.
thort.
20.34
25.14
8 mos.
t-hort.
123.60
20.41
20.43
24 31-32
ftft
•
•
•
•
•
•
a
July 25.
3
mos.
....
•
•
•
•
•
27.60
.
.
July 25*
48.00
3 mos.
60
4.84*
day*.
days.
Juue 23. 90
..
..
...
....
23*
Bahia
Buenos Ayres..
•
Valparaiso
•
Pernambuco..
Bombay
•
days.
ftft
\8.$yth.
Isfr/id.
*
Singapore
Alexandria....
•
•
•
•
•
•
•
•
•
•
•
•
•
••••••
—
•
•
June 7.
30
Calcutta
Hong Kong...
Shanghai
•
•
•
•
•
6 mos.
July 25.
3
•
«.
Is. 9 3-’.6 t.
1*. 9 3-16 1.
As.
mos.
•
23*@24
90 days.
July 26.
July *25.
July 21.
J uly 21.
July 3. j
[From our own correspondent/I
London. {Saturday,
0*@4s.0*«L
5a. £>*c/.
As. 1 \cl.
97
July 28, 1877.
trade and financial enterprise in abeyance.
In the money market the principal feature this week is the re-ap¬
pearance of the German Government as a buyer of gold for coin¬
age purposes; but the demand for money has continued very
slack, and loans for short periods are obtainable at the low figure
of £ to 1 per cent. In the discount market there has been no
material alteration. The supply of bills is still very limited, and
the Bank return shows that the applications at the Bank of Eng¬
land for discount accommodation have been upon a diminished
scale. There is, nevertheless, an increase of about £1,000.000 in
the total of “ other securities,” compared with last year; so that
evidence still exists, that, in spite of numerous drawbacks, some
improvement has taken place. A somewhat despondent feeling
The
now
seat
war
still keeps
exists with
of
war
regard to our commerce. The news from the
unfavorable to the Turks, and, although
is less
have been current, yet Turkish resistance, when
successful, tends to the belief that the war will be protracted. It
is perhaps possible that the Turks will be able to keep the Rus¬
sians out of Adrianople this year; and in that case, another
campaign would be necessary, which would suit neither belliger¬
ent, though it would favor the Turk as it is possible that the
truce necessary during the winter months might lead to successful
negotiations for peace. And yet it is difficult to see how Russia
can conclude a peace until she has been victorious, or has been
hopelessly beaten, as it is evident that her motive in going to
war is territorial greed, and the destruction of the Treaty of Lon¬
don. Russia wants a Black Sea fleet, and the Dardanelles thrown
open to ships of war. Many contend that to allow this would be
dangerous to Europe, but, at the same time, it is difficult to see
how Russian ships of war can be more threatening than have
been those of other nations, and why they should be a danger
more to us than other Powers.
The French, during the Empire,
had a powerful navy at Toulon, and it was regarded as no menace
to us; and it might be argued that if Russia succeeds in obtain¬
ing the power she seeks, and if, at any time, she builds a power
ful fleet, it will be so far advantageous to us, that, in the event
of war with us, she would be compelled to come out and fight us
on the seas, if she desired to secure any naval renown.
The
possession of Constantinople by Russia would undoubtedly give
her great power over Asia Minor; but it is said that Russia does
not intend to make a peace which shall place her in a false posi¬
tion with regard to the other Powers of Europe.
Unfortunately,
there is much indisposition to believe in Russian assurance?.
Throughout the Conference, and, indeed, for some years past,
Ru-sia meant war with Turkey, and last year was very active in
bringing it about. No mie can believe that these sacrifices are
being made without the idea of something more tangible than
the amelioration of the condition of the Bulgarian Christians, but
are rather being made
with the object of carrying out a longcherished policy ; and the time for accomplishing it seems to be
opportune.
A desire is therefore shown to await the events
which must before long transpire.
A few troops have been sent
to our Mediterranean stations to bring them up to a war footing,
and the belief is that the Government intend to keep their word
rumors
of peace
regard to Constantinople. The country is, therefore, both
impatient, and business has been restricted in every
department.
In addition to the unsettled state of Europe, business has been
further curtailed by the riots amongst the railroad employes in
the United States.
Serious as those disturbances have been, it
has not been the opinion that they would be of long duration.
Business has, nevertheless, been deferred until more reassuring
with
anxious and
news comes
to hand.
Capitalists consider that the money market is firm in tone ; but
really no activity, and the rates of discount are easy, as
there is
follows:
Per cent.
Open-market rates:
SO and GO days’ bills
Per cent.
] Open-market rates:
|
|
1*@1* I
2
Bank rate
<t months’bank
bills
1*@1*
6 months’bank bills
1*@2
4 and 6 months’ trade bills. 2 @854
1*•
3 months’bllls
•
....
• •
July 2i.
•
•
•
short
....
20.5S
ftft
Petersburg
Cadiz
Lisbon
Milan
©20.60
21*(©24 *
RATE.
TIME.
DATS.
4ft
ftft
129
THE CHRONICLE
11, 1877.]
by the joint-stock banks and
subjoined :
The rates of interest allowed
discount houses for
deposits are
Per cent
1
1
Joint-stock banks
Discount houses at call
Discount houses with 7 days* notice
Discount houses with 14 days’notice
Annexed is
a
statement
1 @. ..
1 @.. .
showing the present position
of England, the Bank rate
(21 ...
@....
of the Ban fc
of discount, the price of Consols,
quotation for English wheat, the price of Middling
Upland cotton, of No. 40’s Mule twist, fair second quality,
and the Bankers’ Clearing House return, compared with the
four previous years:
the average
Circulation—including
bank post-hills
Public deposits....
Other deposits
1873.
18'4.
1875.
£
£
£
1877.
£
1876.
£
27.071,025 2S,603,7;9 28.624,0(4 28,748.320
3.320,647 3,590,509 4,882.160 4,904,907
18,225,131 19,307,919 26.222,114 58,960,784 23,659,007
14 9f 9,088
Government securities. 13,2*5,252 13,627,072 14,026,626 15,405,977
18,170,006
17,011,403
Other securities
17,149,880 16,553,918 18,£12,803
2(1,313,704
6,178,853
notes and
Reserve of
coin
;
Coin and bullion in
both departments....
15,334,277 19,723,286 13,565,230
12,123,332
10,773,293
23,312,007
22,478,318 26,608,672 33,037,926 27,029,505
Proportion of reserve
to
liabilities
....
3 p. c.
3* p. c.
92 *
Bank-rate
2*p. c.
47 03 p. c.
2 p. c.
57 58 p. C.
2 p. C.
94*
96)6
92 *
94 *
6Sa. 0d.
48s. 2d.
English wheat,av. piice 60a. Id.
60*. 5d.
47s. 5d.
6*d.
8*d.
Mid. Upland cotton
8*d.
8*d. 6 15-16d.
No.40s, mule twist fair
10*d.
10*
2d quality
Is. l*d. la. 0*d.
lid.
Clearing House return. 96,013,000 89.556,000 83,523,000 81,058.000 81,916,000
These Bank returns are rather favorable, and the proportion of
Consols
reserve
t©
-
liabilities is now 47 per cent.
The reserve has fallen
off, hut there has been a considerable reduction in the liabilities
of tbe establishment, which accounts for the improved relative
position.
Seven hundred
thousand pounds iu bar gold
has been with¬
transmission to Germany,
but no oth*r movements of importance have been observed.
The
silver market ha3 been rather quiet, and fine bars are selling at’
54£d. per ounce. . The steamer for the East has taken out this
week the large sum of nearly £720,000. The present pricrs of
bullion are suljoined:
8. d.
8. d.
drawn from
the Bank this week for
SOLD.
Bar Gold
Bar Gold,
per oz.
reflnable
Spanish Doubloons
South American Doubloons
standard, last price.
peroz. standard.
nominal, per oz.
United States Gold Coin
German Gold Coin
silver.
Bar Silver, Fine
Bar Silver, con’ng
Mexican Dollars
5 grs. Gold
*
per oz.,
per oz.,
peroz.,
Spanish Dollars (Carolus)
Five Franc Pieces
Quicksilver, £3.
per oz.
per oz.
per oz.
la t price.
do
do
per oz.
peroz.
Discount, 3 per cent.
77
77
74
73
76
9....
n*a
3 @
76
8
@
...
....
3*@ 76 3*
3*® ....
a,
d.
54*
51*
54J4
....
....
@
@
@
^
....
....
....
weekly sale of India Council bills was held at the Bank of
England on Wednesday, the amount allotted bding £265,000, of
which £176,500 was to Calcutfa and £88,500 to Bombay. Tenders
on both Presidencies at Is. 8Jd. received 29 per cent, and above
that price in full.
As regards the amount of business doing, the stock markets
have been in an unsatisfactory state ; but, on the whole, the tone
has been firm, and the tendency of prices has been favorable.
The supply of stocks at market is very limited, the public, owing
to the abundance of money, being disinclined to part with their
securities. The American market has obviously been adversely
The
strike of the railroad employes, and in the
early part of the week prices experienced a marked reduction;
‘but a bet'er tone has since prevailed, the fall in the quotations
having induced some influential operators to purchase the lead¬
ing descriptions. It has also been the opinion that we have now
beard the worst of the news, and that matters will soon resume
affected by the serious
their usual
phase.
closing prices of consols and the principal American secur¬
ities at to day’s market, compared with those of Saturday last,
The
are
subjoined:
v>
130
THE CHRONICLE
Redm.
Console
United States
Do
5-20
U. S. 1867, 6e
Do funded, 5s....
Do 10-40, 5s
Do funded, 4#s, issued at 103#
1981
1885
1887
1881
1904
.
Louisiana Levee, 8s
Do
108}4@109#
103
@ 52
1875
(a 52
Massachueetts 5e
1888
1894
1900
1889
1891
1895
:
5s
5s
5s
5s
@107
@109
@107
@107
@107
@107
@ 35
@ 34
@ 08
Virginia stock 5s.
Do
Do
@104
106#@10h#
107 ©107^
10'J#@11CH
105#@106#
6s
Do
Do
Do
Do
Julv 28.
July 21.
94#©94%
6s*
New funded 6s
..
1905
94#@ 94#
108 ^@109#
103#@104#
106#@ll>6#
1C6#@1(!7#
109#@i;0i/a
105#@106#
42
42
105
106
@ 52
© 52
©1C7
@108
105
1<5
105
@107
@107
Albany & Sn?quehanna cons. mort. 7s, Noe.501
to 1,500, inclusive, guar, by Del.&IIud.Canal. 1906
Great Western 1st M., $1,000, 7s...1902
Do
2d mort., $1.000,7s..1902
Do
3d mort., $1,000
1902
95
Do
Do
Do
1st mort. Trustees1 certillcates
2d
do
do
3d
do
do
8
@ 10
3#@ 4#
23 @ 28
....
Atlantic Mississippi & Ohio, Con. mort., 7s
1905
do
Committee of Bondholders1 ctfs
Baltimore & Potomac (Main Line) let mort, 63.1911
do
(Tunnel) 1st mortgage, 6s,
23
(guar, by Pennsylvania & No. Cent.Railway).1911
Central of New Jersey, cons. mort.. 7s
1899
Central Pacific of California, 1st mort.. 6s
1896
Do Califor.& Oregon Div.lst mort.gld.bds,6s. 1892
Do Land grant bonds
1890
Del. & llud. Can. 7s
Detroit & Milwaukee 1st mortgage, 7s
1875
Do
2d mortgage, 8s
1875
Erie $100 shares
Do reconstruction trustees1 asBessm’t, $5 paid..
Do
do
$4 paid...
Do
do
$3 paid...
Do
do
$2 uuid...
Do preference, 7s
Do convertible gold bonds, 7s
1904
Do reconstruction trustees1 certificates, 7s
Galveston & Harrisburg, 1st mortgage, 6s
1911
Illinois Central, $100 shares
Lehiuh Valiev, consolidated mortgage, 6s
Marietta & Cincinnati Railway, 7s
Missouri Kansas & Texas, 1st mort., guar,
bonds, English, 7s
@
@
@
3*@
20 @
8 @
3l/2@
23 @
83
@25
@ 85
81
61
04
90
91
86
30
30
@ 83
@ 63
@106
@ 92
@ 92
@ 88
@ 40
@ 40
81
@ 53
@ 6t
103 @105
90 @ 92
90 @ 92
86 © 88
30 @ 40
50 @ 40
8#@ 9
12 @ 13
12 @ 12#
18 @ 20
18 @ 20
7#© 6
@ 13
n#@ 12
18 © 20
35
72
72
55
1923
c0
86
1891
100
@
@
@
@
@
@
@
4#
62
11
15
16
97
22
10
22
10
4#
28
@ 28
@ 81
23
82
20
18
37
37
17
@ 19
36
@ 38
@ 38
© 74
@ 58
@ 88
36
72
58
86
100
71
57
88
@102
New York Boston & Montreal, 7s
New York Central & Hudson River mortg. bonds.7
New York Central $100 shares
Oregon & California, 1st mort., 7s
1890
do
Frankfort Commit’e Receipts, x coup.
50
@102
■}V
I
The
wheat trade
opened with a firm appearance, and on
Monday holders were able to obtain one shilling per quarter
more money for most
descriptions of produce but towards the
close of the week there was less firmness, and the
improvement
which had previously been established was with difficulty
sup¬
ported. The greait scarcity of English wheat and the absence of
weather calculated to .bring the crops
quickly to maturity were
the chief causes in the early part of the week,
enabling sellers to
secure some
advantage, and it may be added also that the
announcement of the impending departure of British
troops to
,
our
Mediterranean
stations
was some
for their
inducement
produce,
an
as
to
the
act of hos¬
....
tility, yet it indicated that the Ministry were anxious about the
future, and felt it to be their duty to make some preparations in
view
of the approaching crisis.
24
The closing days of the week
Pennsylvania, $50 shares
30^@ 31#
2t#@ 29H were characterized
by
much
Do.
1st mort., 6s.
inactivity. There was certainly not
99
1880
@101
@101
Do.
consol. sinK’g fund mort. 6s
,57 © 89
1905
89 @ 91
much change in the inland markets, as the supplies of wheat
11 © 13
Philadelphia & Reading $50 shares
12 © 13
Pittsburg Fort Wayne & Chicago equipment
offering at them were very limited; but at the outports, and
bonds (guar, by Pennsylvania R. R. Co.), 8s
99 @101
100 ©102
especially at Liverpool, there was decidedly less firmness, there
Union Pacific Land Grant 1st mort., 7s
100 @102
1889 101 @!03
Union Pacific Railway, 1st mortgage, 6’s
101 @103
1898 102 @104
being every reason to believe that before long we shall be in
AMERICAN STERLING BONDS.
Allegheny Valiev, guar, by Penn. R’y Co
SI
possession of supplies of foreign produce which will free the trade
92#@ 92#
1910
@93
Atlantic & Gt. Western consol, mort., Bischoff.
from all anxiety.
From near countries considerable supplies will
certs, (a), 7s
1892
@
...@
Atlantic & Gt. W. Re-organization 7s
1874
soon be arriving, and the downward movement in the value of
@
....©
Atlantic & Gt.W., leased lines rental trust, 7s. 1902
37 @ 40
37 @ 40
wheat at New York, though it is by no means rapid, indicates a
Do
do.
do.
15 @ 20
1873, 7s.1903
15 ©20
do.
Do.
Western extern, 8s
.1876
@
....©
larger available supply, and it is very generally believed that
Do.
do.
do. 7s, guar, by Erie R’y
©
©
Baltimore & Ohio, 6s
.1895
the exports from the Atlantic States of the American Union will
1895 1104 @106
1(5 ©10?
Do
6s.
.1902 104 @106
104 @106
be larger this season than for some time past. Although buyers
Do.
6s.
.1910 102 ©104
103 ©105
Burl. C. R. & Minn., 7s.
1902
.@
@
are now operating very cautiously, and
although the trade pre¬
Cairo & Vincennes, 7s.
23 © 32
,1909
23 @ 32
sents ail iuactive appearance, yet the tone is firm, and recently
&
1903
102
Chicago
Alton sterling consol, mort., 6s.
101 @103
@104
Chicago & Paducah 1st mort. gold bonds, 7i
.1902
.©
.©
the movements in prices have been more advantageous to the
Cleveland, Columbus, Cin. & Itid. con. mor
83 @ 90
.1013
88 © 90
Eastern Railway of Massachusetts, 6s
1906
.©
.©
seller than to the buyer.
It is obvious, when we bear in mind
Erie converts '
.1.3:5
75 @ 77
75 @ 77
Do. 1st cons
that we require some 350,000 to 370,000 quarters of foreign wheat
1920
75 @ 77
75 @ 77
Do. with reconstruction trustees
of 6
and flour weekly to supply our wants, that the position of the trade
coupons
72 @ 74
72 @ 74
Do. 2d consol, mort. 7s
.1894
37 © 39
37 @ 39
should be in favor of holders; and uutil we are assured of our
Do. reconstruction trustees’ certificates, 7s
37 @ 39
37 @ 39
own
Gilman Clinton & Springfield 1st M., gold, 7s. ..19P0
crop, and until the visible supply has been augmented to a
55 @65
£5 @65
Illinois & St. Louis Bridge 1st mort., 7s
1900
95 @ 97
94 @ 96
point
which shall admit of our stocks being reinforced by an
Do.
do.
2d mort., 7s
55 @ 60
55 @ 60
Illinois Central, sinking fund, 5s
1903
91 @ 93
91 @93
excess of supply over demand, the
present range of prices is
Do.
6s
1895 102 @104
102 @lc4
Do.
5s
1905
83 @ 90
likely to be maintained. Present quotations are not excessive.
83 @90
Ill. Mo. & Texas l.-t mort., 7s
1891
@
@
Bread is not dear ; but it is acknowledged—unless, indeed, the
Lehigh Valley consol, mort., 6s, “A”
92 @ 94
91 @93
Louisville & Nashville, 6s
19u2
8S ©90
weather should become very unpropitious—that the value of
88 @90
Memphis & Ohio ls,t mort. 7s
1901
99 @101
99 @101
wheat is sufficiently remunerative to attract from the numerous
Milwaukee & St. Paul. 1st mort. 7s
92 © 94
1902
92 @94
New York & Canada R’way. guar, by the Dela¬
foreign countries the supplies necessary for our requirements.
ware & Hudson Canal, 6s.‘
85 @ 90
1904
85 @90
N. Y. Central & Hudson River mort. bds., 6s..1903 108 @110
It seems now to be pretty certain that we shall not encounter
10S ©110
Northern Central Railway consol, mort., 6s
1904
80 @ S2
80 @82
much
Panama general mortgage, 7s
rivalry in the producing markets of the world. It is
1897
99 @101
99 @101
Paris & Decatur
1892
25 @ 35
25 @ 35
understood that the French harvest is a satisfactory one, and that
Pennsylvania general mort. 6s
1510 104 @105
102 @104
consol, sink’g fund mort. 6s
Do.
France will have a moderate surplus for exportation.
1905
92 @ 93
89 @91
Political
Perkiomen con. mort. (June ’73) guar, by Phil.
uncertainties naturally cause some doubts to arise respecting
& Reading, 6s
1913
52 © 54
52 @54
Phil. & Erie 1st mort. (guar, by Penn.RR.) 6s.. 1881
99 @101
93 @100
Russian supplies ; but it is to be hoped that, when the disposition
Do.
with option to be paid in Phil., 6s
99 ©101
98 ©100
Phil. & Erie gen. mort.(gaar. by Penn. RR.)6s. 1920
of Southeastern Europe has to be seriously entertained, the
82 @ 84
82 @84
Powers mainly interested will be forbearing, and endeavor to
Ex 6 coupons, January, 1872, to July, 1874, inclusive.
A telegram from Alexandria states that the accounts from the
solve this long-standing difficulty. There may, indeed, be serious
interior report the cotton crop to be in good condition and the embroilment, and should such be unhappily the case, the corn mar¬
kets of this country would be seriously affected. Other agricultural
yield abundant.
The iron and coal industries in Germany are, according to tue nations than Russia would derive the benefit accruing from
Frankfurter.Zeitung, going from bad to worse. From Upper British purchases, but in the absence of a demand on account of
Silesia it is announced that the forced sales of coal at the pit are other nations, we should obtain what we require.
Even, how¬
if
be
ever,
there
should
peace
this
likely
year, it is not
to be
every day on the increase, and these sales necessarily tend still
further to lower the already greatly depressed price of coal.. At arranged until a late period, when it ie quite possible that the
one of these
enforced sales, for instance, of 4,000 tons from a Russian {orts of the Black Sea will be impeded by ice, so that
single pit, the coal went to the highest bidder at a price nearly under the best of circumstances we ought to be prepared for
!14#©ll£i/2
90
24‘
:
stances.
movement, though it might not be construed into
© 53
....©
...
things, it might be expected that production in
mining industries would be for a time considerably restricted.
On the contrary, however, the supply of coal was last
year con¬
siderably increased ; and has not, so far as yet appears, sensibly
diminished during the present year. The lesson of the
crisis,
which has been the inevitable
consequence of the over-produc¬
tion of the years following the war, has not
yet been learnt by the
German producers, and they are content to look
idly for help
from the State, or from some unforeseen
change in circum¬
holders to demand enhanced terms
51
@ 52
....@
this state of
reinforce
gold
1904
1903
a
consequence
of
@ 34
© 64
95
20
8
@97
20 @ 22
8 @ 10
3#@ 4%
20 @22
steadily declined, but even in 1876 it
averaged in Prussia about 25 and in Silesia about 15 per cent
higher than the present rate. Variations as great are reported in
The present price, in spite
considerable fall in wages, often fails, it is
stated, to cover
the cost of production.
From the balance of accounts shown
from a number of collieries it appears that
things are uot much
better in other parts of the country.
As a natural
AMERICAN DOLLAR BONDS AND SHARES.
Atlantic
during 1872,
1874. Since
the price of iron in the same district.
@ 35
.
43 per cent lower than the
average price in Prussia
and 54 per cent less than tli6
average pi ice during
that year the price has
of
@107
@107
105
30
32
62
[VOL. XXV.
U3#@114#
91
24
24
@ 92
@ 26
@ 26
@ 93
@ 26
@ 26
....
....
....
...
....
•
-
,
.
.
-
.
.... ,
«
•
....,'
.
•
....
...
-
f,
.
,
•
....
....
.
..
....
.
...
*
f
1
J
1
1
-
August 11,
fHE CHRONICLE,
1877. J
London Produce and Oil Markets.—
contraction of Russian supplies until next spring. It may,
indeed, be regarded as certain that supplies will continue to be
forwarded via Baltic ports ; but it must be observed that prices
some
Sat.
£ s. d.
Lins’dc’keCobl).# tc. 9 15 0
Linseed (Cal.) $1 quar.
54 6
attractive as they were on tlie outbreak of hostili¬
aud that a new season is about commencing, the advantage
of which is, to the consumer in Great Britain, that there is no
necessity for apprehension for some months to come. For a few
months it matters little about Russian supplies.
Unless the war
should extend itself, they will always threaten the markets of
Great Britain, as an early termination to the war is always
nossible, and Russian merchants will be only too glad to realize
their produce.
As their financial necessities will be great, the
contraction of Russian supplies, while the conflict is restricted to
the present combatants, is more than probable, as importers will
be able to make more certain and, therefore, better bargains else¬
where ; but even if there were a total exclusion of them, we
could at reasonable, and, in all probability, at present prices,
are
not now so
were
1876-7.
Cwt#
Imports of wheat
Imports of Hour
bales of home-grown produce
Eng. wheat for
cwt.
cwt
1873-4.
cwt
33,591,105
6,039,434
37,697,300
78,493,348
Total
Aver, price of
1874-5.
39,094,729 48,507,733 37,461,772
6,108,619
5,690,017
5,983,873
33,5296,000 34,5261,200 45,45.\5i)0
801,732
£8,539,897
834,120
58,898,150
*262,145
82,327,S39
2,519,033
,77,637,616
87,675,777
53s. 6d.
£8,636,005
45s. lOd.
79,778,806
43s. 6d.
61s. 8d.
Exports of wheat aud Hour..
Result
1375-6.
season
9 15
o
*
51
6
30
0
0
0
3
0
0
O
82
35
29
13
with the
September to the close of last week—compared
corresponding periods in the three previous years:
IMPORTS.
Wheat
....CWt.
Barley
Oats
Peas
Beans
Indian Corn
Flour
1874.
1875.
General merchandise...
$2,022,635
Total for the week.
$7,009,676
Since Jan, 1
Iu
of
j
our
$253,333,426
dry goods for
week later.
is a statement of the exports (exclusive of specie)
New lork to foreign ports, for the week ending
Aug. 7:
EXPORTS FROM NEW YORK
1874.
FOR THE WEEK.
1875.
For the week
$5,157,917
Previously reported....
170,603,103
$4,325,882
143,952,317
July 31—Str. Jcapu
Panama
Aspinwall
.-. London
co
Aug. 2—Str. Lessing
Aug. 4—Str. Germanic
Liverpool
Amer. gold coin..
Amer. gold coin..
$2,000
6,000
80,000
82,000
Amer. silver bars.
U. S. trade dols
..
Total for the week
Total since Jan. 1, 1877
1876
$38.006 282
Same time in—
1I 1870
18,582
9,528
122,3-15
11,306
48.595
2,657
46,481
29,281
56,178
!1
„
\.:
62,584,680
1868...
1867
,
The imports of specie at
been as follows :
Aug. 1—Sclir. Impulse
Aug. 2—Str. Tybee
this port during the same periods have
$383
980
Gold
Belize
San Domingo,&c.Gold
Silver
Aug2. —Str. Niagara.
Havana
Am. Afor’ngold.
Aug. 4—Str. Andes
Aspinvvall
Gold dust
Total for the week
Previously reported
—Messrs.
3,000
..$22,071,323
Same time in-
Total since Jan.
Same time in—
1876
1875
1874
1873
1872
35,000
$208,000
21,663,328
Previously reported
38,465
closing quotations in the markets of London and Liver¬
pool for the past week have been reported by cable, as shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of England has decreased £070,000 during the week,
148,743,926
Amer. silver brirs.
Am. sil.coiu(frac).
2,320,250
EuglisU Ilaraei Ueporu-Per Cable.
$5,025,231
155,385,577
parison of the total since Jan. 1 witu the corresponding totals
for several previous years :
77,691
The daily
1877.
1876.
$5,427,839
Since Jan. 1
...$173,763,020 $118,277,999
$151,171,765
$160,410,808
The following will.show the exports of specie from the port of
New York for the week ending Aug. 4, 1877, and also a com¬
23,701
2.513
1877.
one
The following
from the port of
353.68!)
1:7,814
228,783
1876.
.
$203,474,093
205.967
187,134
474,570
0
0
$179,753,932
55,238.266 j I 1866
;
85
29
$211,690,827
1872
1871-
233.478
3
0
0
0
82
35
29
report of the dry goods trade will be found the imports
37,603.692
Barley
Oats
Peas
Beans
Indian Corn
Floor
30
0
0
0
3
0
0
0
$6,923,867
196,545,226
1874
1873
854.836
30
0
$4,489,713
175,264,189
38,591,105
Wheat
0
0
82
$4,780,292
206,934,535
Previously reported.... 258,333,750
37,461.772
12,362,386
9,538,825
1.745,607
2,678,656
14,844,933
5,983,878
6,039,434
82
35
29
2,763,657
48,507,780
7,771,152
lU,230,440
1,333.024
3.619,683
26,562,532
EXPORTS.
0
6
$2,154,553
4,774,314
39,094,729
16.165,178
54
$1,648,(61
2,841,653
1875
5,690,917
0
$2,970,954
4,033,722
Drygoods
1873-4.
1,308,974
3,434,574
6
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1874-5.
9,709,333
d.
9 15
chandise) Aug. 3:
1875-6.
..
3
0
0
0
6
s.
0
$5,025,231 against $5,140,795, last week, and $0,121,905 the pre¬
The exports of cotton for the week ending Aug. 8,
were 1,730 bales, against 8,G71 bales the week before.
The fol¬
lowing are the imports at New York for week ending (for dry
goods) Aug. 2, and for the week ending (for general mer¬
1876-7.
8,222.874
30
0
9 15
54
£
vious week.
!
from the 1st of
0
Fri.
„
Imports and Exports for the Week.—The imports last
showed an increase in both dry goods and general
merchandise.
-The total imports were $6,928,807, against
$(>,217,003 the preceding week, and $G,909,183 two weeks pre¬
vious.
The exports for the week ended Aug. 7 amounted to
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest—viz.,
9 15
54
Thur.
£ b. d.
week
is
the British markets since harvest:
:
Wed.
£ 8. d.
Commercial anit iHiscellaneouo Keros.
larger than in the previous week, and compare also somewhat
favorably with last year. They amounted to 21,781 quarters,
upon
Tues.
£ 8. d.
d.
H3
.
rather
against 18,154 quarters last year ; and in the whole Kingdom, it
computed that they were 87,150 quarters, against 72,700
quarters.
Since harvest the deliveries in the 150 principal
markets have been 1,920,917 quarters, against 1,982,377 quarters,
while in the whole Kingdom it is computed that they have been
7,G83,7G0 quarters, against 7,929,500 quarters in 1875-0. Without
reckoning the supplies furnished ex-granary, it is computed
that the following quantities of wheat and flour have been placed
8.
03
Whale oil
44
35 0 0
Linseed oil....f) ton.. 29 0 0
purchase the quantities we need in other quarters.
During the week ended July 21, the sales of English wheat in
principal markets of England and Wales
Mon.
£.
8ngar(No.l2 D’ch std)
bn spot, $ cwt
30 3
Sperm oil
$ tun.. 82 0 0
ties,
the 150
131
-
6,826
5,590
440
$14,123
7,699,160
$7,713,289
1, 1677
Same time in—
8,017 157
3,059,723
2,964,222
.
.
.
.
2,797,£31
1871
1870
i860
1868
1867
9,815,300
4,524,114
August J. Brown & Son, bankers, 34 Pine street, are
offering for sale the first mortgage bonds of the Nashville
Consols for money.. 95 1-16
95 3-16
Chattanooga & St. Louis Railway Company, secured by a first
95%
,95%
>>
account.. 95 1-16
95 3-16
95%
lien upon seventy-five miles of completed and equipped road
c3
95%
C.S.6S (5-20s) 1867.... 106%
106%
106%
106%
106%
(Winchester & Alabama and the McMinnville & Manchester
U. S. 10-408
110%
1*0%
110%
110%
110%
£* o
New 5s
branches), and issued at the rate of $4,200 per mile. These bonds
107%
107%
107%
107%
107%
New 4%s
106%
are sold by the Memphis & Charleston Railroad Company at 75
106%
1C6%
106%
!0j%
Liverpool Cotton Mirki —See special report of cotton.
per cent and accrued interest, and that company only offers them
Liverpool Breadstufis Market.—
at this price on condition that at least $200,000 are applied for
sat.
Mon.
Tues.
Wed.
Thur.
Fri.
by September 1. The bonds are for $1,000 each and bear interest
s. d.
8.
8.
8. d.
d
d.
8. d.
8.
d.
at the rate of six per cent per annum, payable January and July
Flour (extra State)..... tfbbl 26 6
26 6
26 6
26 6
26 6
Wheat (R. W. spring).$ ctl 11 0
it 0
11
0
in New Yrork, and run for forty years from January, 1877.
1 j 0
>10 10
The
12 0
(Red winter)...,
44 1*2 0
12 0
li 0
12 0
mortgage
deed
limits
the
amount
of
bonds
which
can
be
issued
2
(Av. Cal. white).. 44 12 2
12 2
12 2
12 2
12 2
to $6,000 per mile of road.
'o
The present issue is at the rate of
12 5
(C. White club)... 44 12 5
12 5
12 5
12 5
13
25 9
Corn(n.W. mix.)
25 9
2.5 9
26 0
quarter 25 9
$4,250 per mile, and is the first and only mortgage upon the
Peas (Canadian) $ auarter 37 6
:
37 6
37 6
37 6
37 6
road and rolling stock.
These branch lines have been recently
Liverpool Provisions Market.—
purchased
by
the
Nashville
Chattanooga & St. Louis Railway
Sat.
Tuee.
Mon.
Thur.
Wed.
Fri.
Company from the Memphis & Charleston Railroad Company,
8. d.
8. d.
8. d.
8. d.
8. d.
8.
d.
Beef (prime mess)..
and the bonds now offered for sale were given in payment for the
87 0
tc. 86 0
87 6
38 6
S3 6
^
Pork (W’t. mess).... $bbl 54 0
54 0
54 0
54 0
*
.54 0
The bonds are also a direct obligation of the Nashville
same.
Bacon (1’gclear mid.)$ cwi 37 0
37 0
37 0
37 0
37 0
Chattanooga ci St. Louis Railway Company, which has been
Lard (American).... 44
41 0
44 0
44 0
43 9
43 9
£
Cheese (Am. ftne).... 44
52 0
52 0
52 0
paying dividends for some time past on its stock of $6,800,000.
R
52 0
52 0
Liverpool Produce Market.—
According to the terms of the sale of the two road*, the bonds
Sat.
Mob.
Tuee.
Wed.- Tnnr.
Fri.
given in payment by the Nashville Chattanooga & St. Louis
s. d.
8. d.
8. d.
8. d.
8.
d. 8. d.
Railway Company are to bear interest from January 1, 1878. On
Rosin (common)... tfcwt.. 5 0
5 0
5 0
5 0
5 0
this account the Memphis & Charleston Railroad Company now
44
10 0
(fine)
10 0
10 0
10 0
10 0
Petroleuin(reflned).... S gal
11%
11%
11% offer the bonds for sale, with the first coupon bearing interest
CO
(spirits).
**
8%
8%
8%
8%
from 1st January next, and will deduct from the price of issue
"o
Tallow (prime City*).. # cwt. 41
41 0
41 0
41 0
41 0
? the interest
t3
maturing ou the bonds from the date of purchase to
Cloverseed (Am. red)., 44 45 0
45 0
45 6
45 0
45 0
Spirits turpentine..... 44 25 0
25 0
25 0
26 6
i6 3
! January 1, 1978.
sat.
Mon.
Tues.
.
*
44
M
Wed.
Thur.
95 3-16
95 3-lb
'
“
<33
.
44
“
"
03
'O
**
•
•rH
■
Fri
now
THE CHRONICLE.'
182
<&he
WATIONALrBXNKS
been considerable done on speculation, in which some of the Ger¬
bankers have been the principal operators.
The importa¬
tions of bonds have quite fallen off, and the parties:wbo formerly
(fifraiette.
6aukecd>
man
OROANI2BD.
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week :
2,807—First National Bank of Eaton Rapids, Michigan. Andrew J. Bowne.
The United States
Authorized capital, $50,000;
President; ^rank H. De Golia, Cashier.
Authorized to commence business August 2,
paid-in capital, $30,00}.
1877.
*
D 1
of
Railroad*.
Cleveland & Pittsburg, guar, (quar.)
Louisville & Nashville
Books Closed.
(Days inclusive.)
Sept. 1 Aug. 11 to Sept. 5
Aug. 10
I3*
IX
Insurance.
New York Fire
Sterling Fire
miscellaneous.
Pullman Palace Car Co. (quar.)
.
7
5
On dem
On dem
2
Aug. 15
Closing prices have been as follows :
Aug. Aug. Aug. Aug. Aug. Aug.
period. 4.
6.
7.
8.
9.
10.
reg.. Jan. & July. 111% 111**111* 111* *111* Mil*
coup.. »an. & July. 112* 112* 112* 112* 112* *112
Int.
6s, 1881
6s, 1881
Called bonds
FRIDAY,
Tl&e
money
market
AUGUST 10, 1877-5 P. M.
Situation.—The
Financial
and
financial situation remains
essentially unchanged since last week
for call loans but quite firm on com¬
steady, go Id and exchange dull.
The crop year for grain receipts at the Western markets ends
with Aug. 1, and from the receipts at seven principal Lake and
Biver ports to July 28, we have the following figures as compared
with three previous years :
—the money market is easy
mercial paper, securities are
RECEIPTS
AT
LAKE
AND
PORTS
RIVER
FOR
AUGUST
ENDING
ABOUT
1.
Barley,
Flour,
Wheat,
Corn,
Oats,
bbls.
bush.
bush.
bush.
bush.
bush.
39,684,510
66,287.202
65,820,727
82,947,396
81,641,5 6
21.G91.-654
62.903,020
46,966,218
28,489,310
8,492 032
7,60 r,037
22,591,127
5,472,498
62,818 017
25,836,164
7,007,673
2,897, h 78
2,227,166
1,227,649
1,761,216
1876-7. ....4.8-2,534
1875 6. ....5,343,669
1874-5. ....5,3-27,843
1873-4.
As
YEARS
FOUR
showing the grain movement for the first
the following tables are prepared:
seven
Rye,
months of
this year,
RECEIPTS AT LAKE AND RIVER
Flour,
RECEIPTS AT
TO JULY
Corn,
Oats,
bush.
bbls.
1877...
.2,233,642
1876...
1875... ....2,658,885
1874
3,539,831
...
FORTS, JAN. 1
Wheat,
bush.
28, FOR FOUR YEARS,
Rye,
Barley,
bush
bush.
bush.
93 6 927
2,719,182
26.444.496
42,404,348
2,970,439
997,346
30,381,284
27,735,509
1,545,255
1,511,029
38,390,716
755,995
42,963,253
2,220,143
SEABOARD PORTS, FROM JAN. 1 TO JULY 28, IN FOUR YEARS.
Flour,
Wheat,
Corn,
Oa<s,
Barley, Rye,
10,291,115
bbls.
4-2,697,595
bush.
10,645.867
13,836,703
10,681,370
14,577,254
bush.
hush.
1«77
bush.
3,5-4,020
6,172,832 46,303,797
9,437,217
Same time 1876..5,141,011 25,475,469 5 »,09.3, 74 13,677,381
Same time 1875..5.131,758 22,971,301 29,3 9,479
9,583.913
Same time 1874..6,003.258 36,381,164 33,659,523 10.137,459
In the movement above given, the receipts at
are
New
May & Nov
6s, 5-20s, 1865, n. i...reg.. Jan. & July. *106* *107
107 *106* 107 *106*
8s, V20s. 1865,n.i..coup..Jan. & July. 107
107
106* 106* 10T
106*
6s,5-20s, 1867
reg..Jan. & July.*109
109'* 109
*108* 10=1* 108*
6s, 5-20s, 1867
coup.
an. & July. *109* 109**109
*10S* 109
108*
reg.. Jan. & July.*111* *111* *111* *111 * 111* *111*
5s, 5-20s, 1868
coup.. Jan. & July.*111* *111* *111* *111* *111* HI*
6s, 5-20s, 1868
5s,!0-40s
reg..Mar. & Sept. 109* *10m* 109**109**109* 109*
5s,10-40s..
coup.. Mar. & Sept. *113
113**113
113 *112* 112*
109**109* 1(9* 10!)*
5s, funded, 1881
reg..Guar.—Feb. 11C
110
5s. funded, 1881... coup..Quar.—Feb. 110
110* 110 *109* 109**109*
4*8, 1891
reg..Quar.—Mar. 109 *103* 10S* *108* *108* 108*
4*8, 1891
..coup..Quar.—Mar. 109
108* 108* 108* *108* 108*
48, registered, 1907
105
Quar.—Jan. 105* 105* 105^4 105* 105
4s, email coupon
Quar.—Jan. *105* *105*4
tts, Currency
reg. .Jan. & July. 125
....*124* 125 *124**124*
* This is the
price bid; no sale was made at the Board.
The rapge in prices since Jan. 1, 1877, and the amount of each
class of bonds outstanding Aug. 1, 1877. were as follows:
Amount Aug. 1.—,
—Range since Jan. 1,. 1877-1
Lowest.
I
Registered.
Highest.
Coupon.
reg. 110* June 11 114* Jan. 17 $193,852,900 $
6s, 1881
115* May 26
88853,450
coup. 111* Mch.
6s, 1881
8,-81,00#
111* April24
1,533 550
6s, 5-20s, 1865
coup. 107* Feb.
72,lfe0,(.0.) 130,456,050
6s, 5-20s, 1865, new..coup. 106* July
111* May 17
98,139,600 212,479,900
July
114* May
68, 5-208,1867
coup. [08
117* Jan.
15,691,000
21,782,800
6e, 5-20s, 1868.
coup. 111* Aug.
114* Jan.
142,214,850
reg. 109* Mch.
5e, 10-408
52,351*450
114* Feb.
5s, 10-408
coup. 110* Mch.
219,249,650 289,190,700
112* Jan
58, funded, 1S81.... coup. [09* Mch.
109* July
lll,956,lu0
4*8, 1891.
reg. [05* Mch.
109
May
43,043,900
4*s, 1891
..coup. [06* June
126
64.623.512
6s, Currency
July
.reg. 121* Jan.
,
Closing prices of securities in London have been as follows:
Aug. ,<—rtauge since Jan, l. ’77.—.
July
Aug.
•
27.
bush.
1,985,865 697,850
1,935,054 810,328
312,979 145,185
726,093 640,707
both Lake and
river points, and at the seaboard cities, show the large decline
in wheat and flour as compared with prior years.
The seaboard
cities embraced in the statement
August 3, the fifty-fourth
bonds (consols of 1865),
which interest will cease November
on
1877’
Coupon Bonds. -$50,.No. 40,C01 io No. 44,000, both inclusive; $ 00, No. 6P,001
to No. 76,000, both inclusive; *500, ^o. 5',001 to No. 57,000, both inclusive;
$1,000, No. 85,001 to No. 96,000, both inclusive. Total coupon, $7,000,00\
jRegWertd Bonns.—$50, No. l,4ul to No. 1,600, both inclusive: $100, No.
11,901 to No. 13,100, both inclusive; $500, No. 7,751 to No. 8,300, both inclusive;
$1,0:0, No. 25,101 to No. 27,400, both inclusive; $5,000, No. 7,301 to No. 7,650,
both inclusive; $10,000 No. 11,751 to No. 13,550, both inclusive. Total regia*
tered, $3,000,000. Total of bonds, $10,000,000.
Aug. 13 Aug. 8 to Aug. 12
$5
City Fire
moderate lots.
The Secretary of the Treasury issued,
call for the redemption of five-twenty
3
When
P’able.
Per
Cent.
Company.
brought in most of the bonds from London have recently been
buyers here rather than sellers. The investment demand has
been fair and has been well distributed among purchasers of
embracing the following,
V 1 D EN D N.
Th« following dividends have recently been announced :
Name
[Vol. XXV.
York, Boston, Port¬
U. S. 6s, 5-20s, 1867
U. S. 5s. 10-408
New 5s
New 4*4 per cents
106*
110*
107*
i06*
1!0*
107*
106
106*
State and Railroad
|
10.
3.
Lowest.
|
Highest.
| 106 June 25^ 110* Feb, 6
110* | 107* April 17. 110* Feb. 6
107* ! 105* April 25’ 109
July 11
106* I 102* May 161 106* Aug. 7
106*
Ronds*—In Southern State bonds Lou¬
78f to 78£ ; South Carolina consols, 70@7& ;
Alabama, class “ A,” 40£@41L On information received through
private sources from State officials, we stated recently that the
exchange of direct State bonds for the Alabama & Chattanooga
endorsed would be made at Montgomery, but it appears that
the authorities are not yet ready to make the exchange^ in con¬
sequence of some disagreement between the London bondholders
and their attorney in Alabama.
From Virginia, the latest teleisiana consols
are
land, Montreal, Philadelphia, Baltimore, and New Orleans. For
the first seven months of this year the seaboard receipts show a
decline in every item, not excepting corn, and as it is well known
that the advance in railroad freight rates and the reduction of
Erie Canal tolls, have sent a much larger proportion of grain grams announce that the balloting for a candidate for Governor
this year over the Lake and Canal route, it is easy to see where in tbe Democratic Convention was still in progress. Gen.
the trunk lines have suffered a material loss of tonnage. It is Mahone, the candidate who advocates a “ re-adjustment” with
bondholders, was ahead from the start, but did not gain much
much better, however, in our opinion, that the railroads should afterward.
The Baltimore City five per cent loan of $5,000,000
met
with
bids
of about $7,000,000, at par to 103.
charge a fair price for the transportation of grain, than enter
In
railroad
bonds there has been little new. Every bond that
into a senseless competition with the water routes and each
is considered sound and above all probability of default sells at
other in summer ; they should prepare to do the bulk of their
full prices, while others that are uncertain, or in regard to
grain business while navigation is closed, and trim in their which the bondholders see no prospect of getting their rights
without tedious litigation, are often selling below their value,
sheets accordingly during the rest of the season.
In our local money market there is a perceptible hardening in or what ought to be their value.
Messrs. A. H. Muller & Son sold at auction 25 shares iEtna
tone, although call loans are still made from day to day at 2@24 Insurance
Company at 99£, and 40 shares Morrisania Steamboat
per cent.
On call loans at the banks 3@4 per cent is usually Company at 33.
the rate, and on time loans of three and four months, secured by
Closing prices of leading State and Railroad Bonds for three
weeks past, and the range since Jan.l, 1877, have been as follows:
collaterals, 4 to 6 percent is about the range. Prime commercial
Since Jan. 1, 1877.——*
July Aug. Ang.
paper is in moderate supply, and Eells generally at 5(3)6 per cent.
3
10.
27.
Lowest.
States.
Highest.
44
*43*
43* 42* Feb. 28 45 Jan. 11
The Bank of England, on Thursday, showed a decline of £670,- Tennessee 6s, old
do
*43* *43* *43* 42 Feb. 28 44* June 7
6s, new
.
,
000 in bullion for the week, and the discount rate remains
un¬
changed at 2 per cent. The Bank of France lost 3,100,000 francs
in specie, and the Imperial Bank of
Germany, 13,200,000 marks.
The last statement of the New York City
Clearing-House
banks, issued Aug. 4. showed a decrease of $2,436,825 in the ex¬
cess above their 25 per cent
legal reserve, the whole of such
excess being $13,606,250,
against $16,043,075 the previous week.
The following table shows the changes from the
previous
week and a comparison with the two preceding years :
1877.
Aug. 4.
,
1876.
1875.
July S8.
Differences.
Aug. 5.
Aug, 7.
LOADS and dis. $249,169,600 $219,767,800 Tnc.. $598,200 $252,756,330 $289,434,300
8pecie
13.984.100 14.135,800 Inc.. 151.700 20,126.000 16,334,400
Circulation...
Net deposits..
Legal tenders.
=
15,517.900
221,064,900
57,325,i00
15,585,300 Inc..
67,400
219.166.600 Dec. 1,898,300
54,262,100 Dec. 3,063,100
15.007,600
18.521,890
2i«,479,8J0
60,313,300
251,462,800
73,60;,300
United States Bonds.—Government securities have been in
fair demand
on
a
miscellaneous
sort
of business.
There has
North Carolina 6s,
*17
♦78
*40
old
Virginia 6s, consol
do
do 2d series...
Missouri 6s, long bonds
*105*
District of Columbia, 3-65s 1924
79*
Railroads.
66
Central of N. J. 1st consol—
Central Pacific 1st. 6s, gold ... 107
Chic. Burl. & Quincy consol. 7s 108*
Chic.-& Northwest’ll, cp., gold
87‘A
*17
*78
*40
....
*78
*40
100* *106
77* *77
*66*
•
•
Brie
1st, 7s, extended
•
•
.
•
*91*
.
•
50
•
•
-
sink, fund
Pittsb. Fi. Wayne & Chic. 1st
St. Louis & Iron Mt.. 1st mort.
Union Pacific 1st, 6s, gold
do
sinking’ fund....
*
This
is
the
price bid;
2
80
Mch.
5
100
113
114
May
2 104* Mch. 12
June 7
Feb. 19 118
Mch. 5 121
*85
♦86
*85
81* June 28 92
117* *117 *" *117* 117 Jan. 9 122
....
105*
*,J6*
5
June 21
•
*102* *103*
Michigan Central, consol. 7s...
Morris & Essex, 1st mort
*li4* *114* *114
N. Y. Cen. & Hhd. 1st, coup... *117t/a *117* *11?
Ohio & Miss., cons.
Jan.
85
Jan. 5
6 110* June 11
106
Mch. 16 111* June 14
88* 80* April 11 93* Jan. 2
78
*86
Jan. 26 88* June 19
106
June 29
Feb. 28 112
109
109
June 29
Jan. 15 115
93
♦92
July 17 102 May 10
68
•
•
88
87*
Chic. M. & St. P. cons. s. fd, 7e
86*4
*109
Chic. R. I. & Pac. 1st, 7s
♦108*
Lake Sh. & Mich. So.2d cons.cp
71
6
2
11
106* 105* Mch.
107
•
18
July 10 22*3 Jan.
82* April 2 82* Apr.
38
Jan. 16 45
Apr.
104
Jan. 23 109* June
95*
105*
97*
no sale was mane
May 24
May 22
June 23
*99* 92* Mch. 22 108* July 12
1(5* 103 Jan. 9 108* June 18
97* 92* Mch. 81 98* Feb. 6
at the Board.
August
Stocks.—In tlie stock
Railroad and Miscellaneous
ket the
strength, and some of the trunk-line railroad stocks were selling
to-day at the best prices made for some time past. There is no
information as to the earnings of these railroads, and it is, there¬
fore, impossible to form an opinion as to whether theij strength
is attributable to an improvement in their financial condition or
merely to the present influences of the market.
From the
recent firmness in the stocks referred to, as well as in the
so-called granger stocks, it would appear that “ the street”
has accepted the idea that the last half of the present year is
going to be sufficiently profitable for railroad companies to enab’e
then?to earn something for tlieir stockholders. Western Union
Telegraph has still been about the most prominent stock of the
week, although several points off from the highest reached in
the late advance. It was stated yesterday that a committee of
the directors of this company had been appointed to confer
with a similar committee of the Atlantic & Pacific, to agree upon
an advance in rates or some consolidation of interests.
Railroad
earnings are given at length on another page.
Total sales of the ween in leading stocks were as follows :
Lake West’n St.Paul Morris
<fe Es.
Canal. Shore. Union. pref.
3 700
2,320
2,100 23,835 12.790
2,200
1,800
5,017 21,800 20,606
400
2.635 38,872 33,673
2,800
d l&n.
Aug.
4,975
1,458
5,420
18,500
15,525
18,281
11,750
500
6,700
...
...
...
7,110
3,500
1,5,0
...
...
10.
...
48,759
25,750
9,550
25,605
2?,000
25,460
1,100
7,600
7,150
Del.L.
& W.
N. Y. N’west
Cent.
pref.
6.310
5,060
3,435
5,670
5,600
2,200
1,200
5,220
9,535
6,900
8,900
5,531
164,572 151,128 24,150 11,853 76,176 37,820 27,141
.200,000 494,665 337,874 122,744 150,000 262,000 891.2S3 215,022
.
The total number of shares of stock outstanding is given
the last line, for the purpose of comparison.
The daily highest and lowest prices have been as follows:
,
Saturday,
Aug. 4.
At.& Pac. Tel.
Central of N.J
Chic. Burl.&Q
C. Mil. & St. P.
do
pref.
iOH
*38
24 *
10%
98*
2»
60* 61
22
22*
51* 52
94
94*
40* 4.*
41* 42*
Chic. & North.
Monday.
Aug. 6.
io* io*
98 *
98*
24* 2i*
60* 61
2l* 22*
50* 52*
94* 94*
3s* 41*
40* 43
*9
9*
10* 10*
do
pref;
C. K. I. & Pac.
Del.& H. Canal
Del. L. & West
Erie
»*
Han. & St. Jos
10*
do
pref. 26*
Harlem
.1. *139
61
Ill. Central...
Lake Shore
49*
61
61*
61*
50*
50
51*
Michigan Cent
43*
43*
Morris &Essex
N.Y.Cen.&H.lt
69
69*
92* 93*
43* 43*
68* 70
93* 93*
3*
3*
9*
10*
26*
25* 27
..
...
Ohio & Miss...
Pacific Mall..
Panama
Wab. P.C. R’ts
Union Pacific.
West. Un. Tel.
Adams Exp...
American Ex.
United States.
2*
20 * 20*
2t* 21*
102* 102* *101 10.
5* 5%
5* 5*
*63
*63
73
96
«
•io'*
9ft
45
-
65
95
41
95*
41
IS
10* 10*
93* 98*
25
25*
61* 61*
21* 22*
51 V
V2V
51*
52*
94 * 95*
39* 40*
40* 41*
9*
9*
•
19
•10
...
61*
52*
45
69
94*
3*
3
....
64 *
94% 95
14
108
5*
61*
70*
6
65*
92%
95
45
45
41
*....
61*
52*
45*
69*
94 V
ei* 6i*
52*
45*
70*
94*
3
21*
45*
69*
94*
•2*
2i*
21* 21*
6
61*
5*
95*
42* 41
42
42*
9*
9*
U* U*
27* 28
...
108
53
95*
51* 52*
41* 46
69* 70*
93* 94*
*
3*
21* 21*
'103
52
21
141
27
141
61*
5 *
43*
68*
93*
*2'4
94* 95*
41
43*
40* 42*
9*
9*
10* 10*
27
•140
*60
6!*
27
141
61*
*21* 22*
10*
...
20* 22
12
12*
99* 99*
25* 25*
63* 63*
21* 22*
52 * 53*
95* 96*
42* 43*
41* 42*
9* 9*
11* 11*
28
28*
11* 12*
93* 99*
25* 25*
61* 63*
22
22*
*98*
21* 25*
51V
51*
20
20
18
Au*. 10.
3
•
Total sales this
1876,
•
•
•
•
•
•
••
•
•
•
HO
64* C5
72* 71*
65
72
65
42
•83
42
«
•
•
6*
72*
93V 93*
•44*
...
93
45
92
44
•41
82
110
•
....
Whole
year 1876.
Low. High
14* 22
Sales
of w’k. -—Jan. 1,1877, to date.
Shares
Lowest.
Highest,
1,370 15* Feb. 3 25 Mch.
4,174 6 Jure 11 87* Jan.
554 94
Meh. 19 118% Jan.
10,200 11 Apr. 12 25% Aug.
.
Jersey
Chicago Burl. & Quincy
Chicago Mil. & St. Paul
20% 109*
112* 121*
18* 46*
49% 84*
31% 45*
55* 67*
do
do
pref... 24,150 40% Apr. 23 63% Aug.
2,600 15 Apr. 13 37* Jan.
Chicago & Northwestern
do
do
pref... 27,741 37% Apr. 23 58% Jan.
Chicago Rock Island & Pacific..
Delaware & Hudson Canal
Delaware Lack. & Western....
Erie
Hannibal & St. Joseph
do
do
pref
Harlem
Illinois Central
Lake Shore
.
19,510 82* Apr. 23 102% Jan.
21,892 25* June 13 74* Jan.
76,176 30* June 11 77
7,730 4* Apr. 2 10,%
7
1,850
Apr. 17 15%
2,150 17 Apr. 17 33%
Feb. 19 144
150 135
660 40* Apr. 2 65*
164,572 45 Apr. 23 57%
Morris & E-sex
N. Y. Central & Hudson River..
Mississippi
98* HI*
61* 125
64* 120*
7% 23*
10* 22*
18% 33*
Jan.
Jan.
July
July
130* 145
60% 103%
48% 68*
34* 65*
May
Jan.
Jan.
35* Apr. 2 50% Jan.
51* June 13 92* Jan.
29,160
Michigan Central
11,853
84
96
5
37,6i0 85* Apr. 23 104% Jan.
1,700 2* July 7 1% Jan.
Pacific Mail
8,000 12* Apr. 3
170 80
Panama
Apr. 3
Wabash Receipts
4,737
* June 30
775 59% Jan. 15
Union Pacific
Western Union Telegraph...... 151,728 56
Apr. 4
725 91
Adams Express
Apr. 23
290 43* July 3
American Express 5 36
United States Express
Apr. 27
582 81
July 25
Wells, Fargo & Co
26* Feb.
130
106
117*
24%
16%
Mch.
122
39%
140
73
78
1^5
Mch.
Jan.
Jan.
57%
63*
74*
80*
100
114
60* Feb.
59% Jan.
5j 55
67
June
5' 79
91
90
8l 49* 76%
earnings, and the totals from Jan. 1 to latest
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 report mentioned
in the second column.
*
-Latest earnings reported
.
1877.
1876.
.
Atch. Top. & 8. Ye...Month of July.. {191,020
Bur. C. Rap. & North. Month of July..
73,309
Cairo & St. Louis....3d w’k of July..
4,417
C» nada Southern
4th week of July.
17,303
Central Pacific.......Month of July... 1,366,000
...
& Alton
Month of July...
Chic. Mil. & St. Paul.. 1st week of Aug..
Chic. R. I. & Pacific..Month of May.
Clev. Mt.V. &> D.,&c.. Month of July.
Denver Pacific
Month of May...
Denv. & Rio Grande... 3d w’k of July.
Grand Trunk
Week end. July 23
.
♦
Figures this
this extension
165,449
369,630
89,077
84.726
89,500
1877.
Month of June..
253.652
238,437
Lehigh Valley
Month of May..
586,000
515.754
Louisv. Cin. & Lex ..Month of June..
87,437
Louisv. & Nash., &c..Month of May..
382,574
Missouri Pacific
Month of July..' 267,044
Mo. Kansas & Texas..Month of July.. - 253,125
Mobile & Ohio
Mouth of June..
88,949
New Jersey Midland..Month of June..
62,750
Nashv. Chatt. & St.L..Mouth of- June..
117.439
Pad.&Elizabetht’n...Month of June..
21,636
Fad. & Memphis
Month of June..
12,610
Phila. & Erie
Month of .»une..
250,705
St. Jos. & Western....2d week of July.
7,516
Sr.L.A.&'T’.Hjbrchs).Month of July...
St.L. I. Mt. & South..Month of July...
St. L. K.C.ife North’n..Month of July
St. L.&S.Francisco+.Month of July...
.
1876.
$62,362 $2,068,098 $2,258,209
141,426
928,t 8
904,702
3*0,495 2,549,119 3,060,661
114,034
664,122
88,507
858,038
72,406
689,517
74^,481
Kansas Pacific.
1,346,045
1,864,057
609.814
490,496
87,964
360,312 2,089,369 1,922,646
252,313 2,074,502 2,004,242
224,308 1,684,059 1,642,148
85 832
826,849
853,526
56,120
118,562
312,862
286,004
876,636
81U,993
14,371
86,309
261,265
1,389,864
31,738
292,468
6,869
29,561
257,587
2<i9,43t
2,221,609
193.924
216,917
1,604,844
96.424
11,591
11,4-8
87,769
9,539
6,071
2,098
53,748
31,868
105,054
1,565,721
184,817
265,088
1,976,973
1,716,423
189,831
70<,966
297,813
162,033
2,970
76,071
40,360
207,6.’9
21,204
113,282
74,359
92,666
572,863
273.767
271,978 2.259.530
Union Pacific
Month of June... 1,101,099 1,154,314 5,992,409
+ Through a typographical error in our lust issue, the figures of this
the month of June. 1877, were given at $67,778, instead of $97,778,
$106,612 in June, 1876.
St.L.&S.E’n(StL.div.)2d w’k of July..
(Ken.div.)..2d w’k of July..
“
(Tenn.div.).2d w’k of July..
St.Paul & S. City
Month of June..
Sioux City&St.Paul..Month of June .
Tol.Peoria&Warsaw..Month of July..
Wabash
Month of July...
“
696079
805,122
164,247
76,539
262,297
162,719
786,051
2.858,096
5,645,933
road for
against
trifle lower, and sold to-day at
the terms were flat, and 1, 1$,
The Gold lMarlcet.—Gold is a
105£ throughout. On gold loans
2 and 3 per cent for borrowing.
There is comparatively little
present, and the future price is sup¬
posed to hang almost entirely on the government and Syndicate
transactions.
Th9 following
table will show the course of gold and gold
clearings and balances each day of the past week:
-Quotations
Op’n Low. High Clos.
Saturday, Ang. 4.... 105* 105* 105* 105*
6.... 105* 105* 105* 105*
Monday.
f*
7.... 105* 105* 105* 105*
Tuesday.
“
8
105* 105* 105* 105*
Wednesday, “
9.... 105* 105* 105* 105*
Thursday,
“
10.... 105* 105* 105% 105%
Friday,
“
...
Current week.
Previous week..
Jan. 1 to date
105* 105* 105* 105%
105* 105* 105* 10 5%
107* 104* 107% 105*
.
.
..
...
The following are
American coin:
Sovereigns
Napoleons
X X Reichmarks....
X Guilders
$4 86 ® $4 90
3 84 @1 3 90
4 75
3 90
Fine silver bars
Fine gold bars
Total
Balances.—->
,
Gold, l Currency.
Clearings.
$13,947,000 $1,911,700 $2,017,251
12,698,000 1,277,612 1,347,651
882.156
7,809,000
837,530
13,613,000 1,211,230 1,310,235
9,123.000 1,031,009 1,088,905
846,319
802,839
11,583,000
$68,273;000
100,531,000
1,687,200
$
1,790,128
the quotations in gold for foreign and
@
®
4 80
4 10
Dimes* half dimes.
—
Large silver, %s&*s
—
Five francs
Mexican dollars.
—
..
English silver
Spanish Doubloons. 15 60 ® 15 90
® 15 60
117*®
118*
par®*prcm.
Prussian silv. thalers
Trado dollars
—
94*®
94*®
—
94%
—
94%
93
93
—-
&
®
—
95
94*
4 80 @ 4 85
—
65
—
94
®
@
—
—
70
95
year embrace Trinidad
not included prior to
were
Jan. 1 to latest date.
1876.
1877.
$198,851 $1 230,691 $1,244,654
71,420
501.958
137,607
4,517
32,005 1,032,275
1,541,222 9.066,000
403,671 2,341.902
310.160
142,198 3.635,460
120,000
626,738 2,702,656
56',L2
208.669
27,536
24,484
126.849
29,714
29, *14
♦351.967
',740
19,038
y*,7
,001 4,974,435
463,(
117,483
—Aug. 10.
days.
,84%@4.85
S3*@4.84%
82*® 4. S3
.82 ®4.S2*
.19*@5.16%
,19*®5.18%
,19*®5.16*
40 ® 40*
94*@ 91*
94*® 94*
94% ® 94*
94*® 94*
60
Prime bankers’ sterling bills on London....
Good bankers’ and prime commercial
Good commercial...
Documentary commercial
Paris
(francs)
Antwerp
(francs)
Swiss
(francs)
(guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
■
The transactions for the week at the Custom
■■■■—■■
%
days.
4.86 @4.86*
4.35 ®4.85%
4.84 ®4.84*
4.83*®4.84
5.16%®5.14%
5.16*®5.14*
3
5.16%®5.14%
40*® 40*
94%®
94%®
95*
95*
94%® 95*
94%® 95*
House and Sub-
Treasury have been as follows:
Custom
House
Sub-Treasury.
Receipts.
» ,
Payments.
Currency.
Gold.
Currency.
Gold.
,
Receipts.
Aug.
“
“
“
“
“
4
U41.000
6
7
8
9
10
455 000
304,000
241,000
$267,226 46
$491,033 81
41
703,401 74
3*3,483 33
..330,305 59
713,627 i-6
575.315 67
714,106
590,18)
839,478
992,810
557,0U0
434,000
15
42
10
.
$900,723 68 $507,351 88
372,736 90
993 243 44
581.503 64
1,109,103 02
571.761 05
609,553 58
344,870 44
375 703 51
826,297 22 1,126,620 64
472 723 04
660.655
138,962
948,680
9,^68,167
’
Total,....
Balance.
4.787,985
2,726.239
211,786
State
*229,806
5,379,902
.
$2,232,000 $4,029,152 81 $3,074 575 37 $1,362,430 51 $3,957,348 49
81,633,408 53 51.082,579 01
81,300.130 83 50,199,905 92
Balance, Aug. 8
2.650,372
extension ; in 1876, the earnings of
June 1.
Exchange.—With the bond importers out of the market as
buyers, and merchants doing scarcely anything, rates for ex¬
change have drooped, and to day leading drawers reduced their
asking rates to 4.85 for sixty-days sterling, and4.83£ for demand.
Actual transactions were, as usual, made at lower rates, and on
sixty-day bills 4.84£ and on demand 4.86 were full prices.
In domestic bills the following were rates on New York to-day
at the undermentioned cities:
Savannah, buying
selling ^ ;
Cincinnati, easier, buying 50 discount @ par, selling 1-10 ; New
Orleans, commercial
bank £ ; Charleston, steady, £®3-16c.
premium ; St. Louis, 1-10 premium, and Chicago, 50 discount.
Quotations for foreign exchange are as follows:
Amsterdam
8* Feb.
The latest railroad
Cl icago
$58,969
Indianap. Bl. & W ...Month of July..
Int. & Gt. Northern...Month of July..
Mexican Doubloons 15 50
week, and the range in prices since Jan. 1,
Atlantic & Pacific Telegraph
Ohio &
53*
46*
70
95*
3*
•21* 21*
6*
Weekend July;27
Hannibal & St. Jo... Month of June..
Illinois Cen. (III. lines).Month of July..
do (Leased lines). Month of July..
Great Western
Jan. 1 to latest date.
,
1876
follows:
were as
Central of New
•
61*
108
108
5%
6*
•42
•40
«40*
82
82
82
82
82
Wells, Fargo.. •81
83*
*81* 82
•This Is the price bid and asked ; no sale was made at the Board.
•
141
earnings reported.
1877.
interest in the market at
Friday,
Tuesday, Wednes’y, Thursday,
Aug 9.
Aug. 8.
A.Ug.7.
IS
in
Latest
r~
mar¬
have developed much
leading speculative favorites
133
CHRONICLE.
THE
11, 1877.]
Aug. 10
Texas Securities.—Messrs.
7s,gld $110
7s,g.30yrs fill*
10s, 1884.. $100
10s,pens., jll'3*
6s of 1892... $96
$ With interest.
110*
112*
101
104*
98
Forster, Ludlow & Co., 7 Wall st., quote:
Austin 10s.... 100
Dallas 108.... 90
Houston 6’s..
8. Ant’io 10s.. 90 "
..
104
20
....
I G. H. & S. 6s. g.
|
|
83
87
IL&T.C.7s,g.lst 80 82
do 8s con. 2d
60 65
G.H.&H.7s,g.lst 75 88
THE CHRONICLE.
134
New York City Banks.—The
BOSTON, PHILADELPHIA, Btc.-Contlnued.
following statement shows the
condition of the Associated Banks of New York
City for the week
ending at the commencement of business on Ang. 4, 1877:
-AVERAGE AMOUNT OF
Banks
Loans and
Discounts.
Capital.
Net
egfi
Circula
tion.
Spcc’e. Tenders. Deposits.
$
$
$
$
$
32,300
915/00 9/28/00
3,000,000 10/80,200 1,299,200
Manhattan Co... 2,050,0;. 0
7,500
6,3=18.500
409.400 1,108,200 4.835.700
Merchants'
890,000 3,088,000 8,686,000
147,000
3,000,000 8,242,000
936.800
Mechanics'
5,292,000
412.700
130/00
2,000,000 6.749.200
Union
165.400
780.200 3,030,700
1,500,000 4.195,7G0
America
1,100
947.700 3,071,900 7,916,201
3,000,000 8,029.500
Phoenix
387,000
493,000 2,869,000
270,000
1,000,000 2,333,000
City.
1,000,000 5.573.900 1,249,000 1/75,000 4,886,300
Tradesmen's
a\ooo
418/00 1,794/00
773,800
1,000,000 3.203.100
137.900
944.500
1.451.400
Pulton..
1,334,400
000,000
Chemical
614,210 2.672.500 10.247.200
300,000 9.704.600
Merchants' Exch. 1,000,000
599.200
44.800
2.672.700
593,000
3.432.100
Gallatin National l,5u0,000
45,000
176.100
550.900 2,201/00
8.682.200
Butchers’& Drov.
201,000
1/20,000
90,000
58,000
500,000 1.419.900
Mechanics’ A Tr.
232.600 1,026/00
198,000
600,000
1.747.100
28,100
Greenwich
2 0,000
712,600
817.200
199,6(0
2,700
186! 900 564,000 2.667.200 236,200
Leather Mannftrs.
2,925/00
600,000
3' 0,900
Seventh Ward....
860,200
757,900
36/00
73.500
300,000
168.600 1,464.600
3.567.900
45,000
State of N. York.
800,000 2.580.300
American Exch'e. 5,000,000 12,673,000
514,000 2,265,000 9,330,000
227,000
Commerce
456,600 2.555.500 6.793.400 2,368/ 00
5,000,000 15,437.000
59.100
873/00
594.100 3/19,600
Broadway
1,000,000 4.858.600
Mercantile
480.600
168,200
2,831,000
1,(00.000 3,206,000
45,000
Pacific
422,700
17.700
1.947.700
767.300 2/54,700
167.3C0
2.209.900
171,990
450,000
Republic
1 500,000 3.543.200
Chatham
3.153.800
272.500
551.500 3,209/00
450,000
270,000
18.900
233,000
1.239.600
412,500 1.340.700
People’s
5,400
North America... 1,000,003
93.500
366,000
2.215,500
1.949.400
Hanover
289.700
500,400 3/31,900
134,200
1,000,00.1 3/83 700
550/00 2,070,000
9,t00
500,000 2,046,0 0
72/10
Irving
18,090
3,000,000 13,225,000 1,530,000 1,301,000 12,231,000
Metropolitan
Citizens’
133,000
401,000
54.300
1.570.400
600,000 1.542.900
Nassau
266.100
21,000
1,000 000 2.273.600
2,087,506
3,900
Market
89.300
466.300
1.795.600
1,000,000 2,5! 6, C00
200,600
St. Nicholas
&5/00
1,000,000
371.600
4^7,300
2.126,0 0
1/46/00
Shoe and Leather. .1,000,000
6.7.C00
3/09/0)
106,000
3/27,00)
393,800
Corn Exchange... 1,000,000
56/00
2.892.300
731,000 1,875/00
4,800
Continental'.
106.101
452,000 2.235.700
1,250,COO 3,084,900
599,600
11.900
1.316.700
400.000
1,711/00
Importers’&Trad. 1/00,000 14,673,300
Park....
2,000,000 1 l,5t>4 600
300,001
.
Mecb. Bkg. Ass’n.
Grocers’
North River
East liver
Manuf’rs’ & Mer.
Fourth National..
Central National..
Second National..
Ninth National...
First National....
Third National...
N. Y. Nat. Exch..
Tenth National...
Bowery National.
New York County
German America u
Dry .Goods
7-4,400
894,(.00
798,300
453.500
13,9*8,700
7,795,000
2,007,000
5,339,000
5/83,600
4,lt3,tUO
1.126.800
1,41 >,100
350,000
...
1(0,0 0
3,750,i00
2,000,000
300,000
1.500,001
500,0.0
1 ,('01,001
300,001
! 00,000
250,000
200,0 0
1,000,000
1,000,003
1/25.500
93,500
386,000 1.740.600
521,100
476.500 4.864.500 16,993.900 1,063/00
357,300 3,195.300 13/70,900
(0,000
261.00)
10/00
658,000
291,860
113,1(0
557,0CK)
3,501
197.800
14.800
768,01:0
98.200
19.900
609,700
97,200
700
125/00
503/00
228/00 2,977,400 11,781/06 1,041.300
101,000 1/89,000 6,751,000 1,368,000
49 ,000
1,981,000
*70,000
4,672/ 00
99,600 1,055,400
671.200
639/00 1,694/0J
5,925,000
295,000
742.500
500,000
300,000
40'/oo
217/00
•
1,035,400
1,125,000
2.475.200
793.200
562.900 1,859/00
263.600
28.700
*,000
203,100
259,000
2.100
290,000
235/66 334.900
20J
1S,10J
5,513,6U0
839,000
777,400
941/00
1,080,000
49,400
267,400
437.300
223.200
178.300
2.214.200
33,800
Total
The
following
are the totals for a series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agar. Clear.
June 30. $251,655,009 $17.453,00"; $60,359/00 * 223,488.200 $15,643,200 $327,793,221
July 7
251,323,803 21,259,300 58,447,000 231,228,600 15,554,100 345,922,956
July 14. 252.452,700 18.887,80) 58,809,200 229/88,300 15,668,400 394,344,937
July 21. 250,9:2,209 14,979.800 57/99,700 2 22,813,600 15,546,400 400/08,240
July 28. 249/ 69, t00 13/84/00 57,325,200 221,064,900 15.517,909 368,914,804
Aug. 4.. 249,767,860 14/35,860 54,262,100 2 ;9,1 (36,630 15,585,300 390,467,627
Boston
Banks,—Totals
Loans.
July 2 $131,088,200
July 9.. 131,85 *,000
July 16. 132,442,20)
July 23. 131,37■',803
.
July 30.
129,844,S**0
12),lt)7,500
Aug. 6..
'
were as
July
July
July
July
July
Aug.
2,.
9..
16.
23.
30.
6..
$6 .'/6-i,717
63,244,390
63,6h2,uS0
63,521,093
61,416,2*5
61,043,595
:
Specie. L. Tenders. Deposits. Circulation. A "tr. Clear.
$1,9*4,200 $7/28,200 $52,517,400 $23/04,300 $43,310,039
6,316,7. ‘0
2/29,500
53,736.100 23,672,100
51,514,098
2,3(8,700
5.718,700
52,379/00 23/03,80)
49,310,016
1,917,703
5,725,30)
51,200,000 23,502,200
45,485,814
1/53,000
0,008,900
50.450,303 23,440/00
34,0 ‘3/49
1/02,100
5,938/00
50,987,500 23,346,800
43/31,316
Philadelphia Banks.—Totals
Loans.
follows
were
as
PHILADELPHIA.
do
do
do
do
do
101
5s, g’d, int.,reg. or cp
follows:
mi
52
2dm. 6a. 190
6s, ’95.
6s, imp ’80
5s, new, reg., 1892-1902 iii%
102
6b,
boat*
car, 1913
68,10-15, reg., l-77-’82.
7b, boat A car. 19 5
6», 15-25, reg., l882-’92. 112
Susquehanna 6s. coup.. ’.9.8..
107% 1U8|
Philadelphia 6s, old, reg
Ilk
BALTIMORE.
do
113^
6s, new, reg
5s, cur., reg
Ill
102
112*
6b, exempt, 1687
6s, 1890. quarterly.,
5s, quarterly.
Baltimore 6a. 1S84, quarterly.
do
6a,: 8S6, J.&J
do
6s, 189). quarterly...
do
6s, park, 1890, Q.—M
do
6s, 1893, M.&8
do
6s,exempt,’3S.M.&S.
do
1900, J. & J
do
1902, J.&J
..
do
do
5s, reg. A cp., 1913
68, gold, reg
78,w’t’rln, reg.&c 100
no 7s, Mr. Imp., reg., 'aS-Sfc 85
N. Jersey 6s. exempt, rg.&cp
Camden County 6s, coup
Camden City 6s, coupon ....
do
7s, reg. A coup 100
Delaware 6s, coupon
Harrisburg City 6s, coupon.. iob
103
95
101
do
RAILROAD STOCKS.
25
5
PO
28
80
6
3i
31
!!.
8s.V.
Par.
112
113*4
108
98
112
110
102
10136
11036 11136
112
112
112
116
113
113
114
118
114
114
1133
11
101
10936 ii'2
Pittsburg A Connellsvllle..50
do
pref..
Joy A Lancaster.
Huntingdon & Broad Top...
do
do pref.
Lehigh Valley
RAILROAD
33%
S6
42
42
Little Schuylkill
Mlnehlll
Ne&quehonlng Valley
45
91
38
Pennsylvania
Philadelphia A Erie
Pniladelphia & Read ng
Philadelphia* Trenton
Phila. Wilmiug. A Baltimore.
7
2m
9
12
12%
26%
Pittsburg Titusv. A Buff
United N. J. Companies
West Chester consol, pref
West Jersey
12*
50
BONP8.
Balt. & Ohio 6s, 1880, J.&J...
do
6a, 1885, A.&O.
N. W. Va. 8d m..guar.,’85,J* J
Plttsb.& Conneir8V/8,’98,J& J
Northern Central 6s, ’85, J&J
do
68,1900. A.&O.
do 6a, gld/900, J.&J.
Cen. Ohio 63, latm.,’90,M.& S
W. Md.68. lstm.,gr.,’90,J.&J.
do
1st m., 1890, J. & J.
do
2dm.,guar., J. & J
do
2d m., pref
do 2d m.,gr. by W .Co. J&J
do 6s. 3d in., guar., J.& J.
Mar. & Cln. 7s, ’92, F. & A
do
2d, M. & N
do
8s,Sd, J. & J....
Union RR. 1st, guar., J. & J
do
Can on endorsed.
33%
Norristown
North Pennsylvania
7
120
57
30
.
STOCKS.
Chesapeake A Delaware
103
10136
1(3%
103
100
91
101
105
91%
10036
87
97
107
90
107
70
100
107
85
31
XI
103
103
90
9836
109
98
109
80
108
109
87
32
1136
101
miscellaneous.
Delaware Division
17 %
Lenigh Navigation..
Raltlmore Gas certificates...
18
do
pref
Pennsylvania
Schuylkill Navigation
WASHINGTON.
DiHrict of Columbia.
Perm. Imp.6a, g., J.&J., ;891.
do
7s,• 18OI
Market Stock bonds, 7s, 1892.
Water Stock bonds, 7s, 1901..
do
do
78,1903..
Washington.
Ten-year bonds, 6s, ’78
r
pref...
Susquehanna
RAILROAD BONDS.
104
Allegheny Vai., 7 3-10s, IS9 i
do
7s, E. ext., 1910
do
inc. 7s, end..’9i.
..
m.
6s. ’8>..
3im.
6s,’s7..
40
’-02%
13
People’s Gas
Morns
85
45
103
09
Fund, loan
(Cong.) 6s, g., ’92.
(Leg.) 6b, g., i902.
Camden & Amboy 6s, ’83.
Certifs.of
st’ek
(1828) 5s, at pi
do
ios
6s, coup., ’S9 102
do
(1843) 6s, at pi.
do
mort. 6s, reg.,’89 1103-4 ni%
Ches.& O. Bt’k (’47) 6e, at pi..
Cam. A Atl. 1st m. 7s, g.t 19 )8
Georgetown.
iob
do
21 ra., 7s, cur.,’80
General stock, 8b, »881....
Cam. A Burlington Co. 6s.’97. 100
do
6s, at pleasure
Catawlssa 1st, is, conv., ’o2...
Bounty stock, 6s
do
do
chat, m., 10s, ’88
Market
stock, 6a
do
L02
do
new 7s, 1900
do
52
Balt.* Ohio
100 96
98
do
Wash. Branch.100 100
120
do
4
Parkersb’g Br. .50
236
Northern Central
50 1*36 14
Western Maryland
5
...50
Central Ohio
50 2236 25
do
Belvidere Dela. 2d
npw
RAILROAD STOCKS.
Har. P. Mt.
do
Kb
Norfolk water,
Camden A Atlantic
do
do
pref
Catawlssa
do
pref
do
new pref
Delaware a Bound Brook....
East Pennsylvania
Elmira A Williamsport
CANAL
..
,
Maryland 6b, defense, J.& J.
do
Allegheny County 5a, coup...
Pittsburg 4s, coup., 1913
do
do
do
m.
Ask.
~63~
Pennsylvania 6s, coup., ’.9(0..
Schuylkill Nav. iflt m.6s, *97.
STATE AND CITY BONDS.
P6nna.
do
do
do
do
Bid
SECURITIES.
06
do
..
...69,235,200 249,7o7,800 14/35,800 54,232/00 219/66,600 15,585,309
The deviations from returns of previous week are as follows:
Loans
Inc.
$594,200 Net Deposits
Dec. $1/98,300
Inc.
Specie
Inc.
151/00 Circulation
67,400
Legal Tenders
Dec. 3,03fc,100
•
Bid. Ask.
SECURITIES.
-
New York
Oriental
Marine
[Vol. XXV.
..
Board of Public Works—
104
102
102
102
102
94
104
104
75
90
13%
106
104
104
104
104
100
106
106
80
95
85
106
85
85
85
98
98
98
35
96
106
100
Cayuga L. 1st tn., g., 7b. 1901*..
Certlfs. gen. imp. 8a, *77-78.
ICO
Connecting 6s, 1900-1904
102%
do
Series
100
Dan. H.& Wilks..lBt.,7s, ’37*
Certlfs. sewer, 8s, ’74-77
45
Delaware mort., 6s, various.
Water certificates, 8s, ’77...
101
100
Del. A Bound Br., 1st, 7s. 190J 98
EastPenn. 1st mort. 7s, ’88
CINCINNATI.
E1.& W’msport, ifct m.,7s, ’80
100
Cincinnati 6s
t 98
do
1st in., 5s,perp.
do
7s
110
t 106
105%
Harrisburg 1st mort. 6s, ‘S3.. 104
do,
VSOs
i 110 115
110
H. & B. T. 1st m. 78, gold, ’90 106
do
South.
RR.
7*30s.t
105
104% 10536
do
2d m. 78, gold,’95.
do
do
6a, gold + 98 100
35
do
3dm.con8.7s,’95*.
97
100
Hamilton
6s.
long...t
Co.,
O.,
Ithaca* Athens lst,gld, 7s.,’90
I
ao
106
7s, 1 to 5 yrs..+ 100
Junction 1st mort. 6s ’82
do
7 & 7-30s, long/ 107
112
2d uiort. 6s, 19J0
do
95
/05
109% Cln.& Cov. Bridge st’k, pref.
Lehigh Valley, 6s, coup.. 189S. 109
102
103
m.
■Cin.Ham.
&
D.
1st
7s,
’80
do
68, reg., 1891... 109% 111
101
do
2dm. 7s,’85.. 98
do
7s, reg., 1910..
lA;k
50
Cln. Ham. & Ind., 7s, guar—
92
con. ui., 6s,rg., 1923
do
90
93
Cln. & Indiana ;st m. 7a
Little Schuylkill, 1st m. 7s,’77
70
75
do
2d
ni.78, \7...
Northern Pac. 73-LOs, cp.,1900*
105
North. Penn. 1st in. 6s, cp.,’85.
108% Colum. & Xr*nia, 1st m. 7s, ’90 103
103
Dayton & Mich. 1st m. 7s, ’81. 101
2d in. 7s,cp..’96. 111
do
101
do
2d m. 7s, ’84. 98
103
do gen. in. 7s, cp., 1?03 105
96
31 m. 7s, ’88.
99
do
10036 I
do gen. m. 7s, reg., 1903 105
100
CO
Dayton & West, lstm., ’8*...f
Oil Creek ist m.£s, coup.,’8:. 84
83
87
do
1st
m.,
19(;5
55
ulttso. Titusv. * B 7s, cp.,’96
57%
77
do
1st m. t's, ;905 73
Pa.<fc N.Y.C.& P.RB/s, 96^906 10"^ 110
63
65
Ind. Cin. & Laf. 1st m. 7s...
104
105%
Pennsylvania, 1st m., cp.,’80..
90
93
do
(I.&C.) I8t'm.7s,’88
do
10536
gen. m. 6s, cp..1910. 105
95
98
LRtle Miami 63/t3
.08
do
gen. m 6s, tg.,19!0. 107
10
20
A
Cln.
Ham.
90
01
Dayton stock..
do
cons. ill. 6-, rg., 1905.
91
05
do
cons. m. 68. cp., 1905.
923, Columbus & Xenia stock
40
Dayton & Michigan stock....
Perl.iomen 1st m.6^.coup.,’-Jl
do
8. p.e. st’k, guar 8736 90
Phlla. A Erie 1st m.6s, cp.,’8t, 102*4
89
90
Little
Miami
stock.....
do
2d m 7s,cp.,'S8. 02% 94
10J
Phila. A Reading 6s, ’t>0,
LOUISVILLE.
do
7s, < oup.,’93 108%
39
Louisville 78.
103
do
deben., cp.,’93
107%
do
do cons. m. 7s, cp.,191!. 95%
6a,’62 to’87
+ 09% 10034
do
6s, ’9T to ’9*
+ 99% 100%
do cons. m. 7s, rg.,1911. 044, 06
40
45
do
water 6a,’87 to ’89 t 09% 109%
do new con.7s/.b93
50
do
water stock 6s,’97.+ 99% 100*1
Phlla.* Read. C.& I. deb. 7s.v2
wharP6s
do
+ 69% 10034
do
do
78. ’92-93.
do
Phila. Wtlm. & Balt. 6s, ’84
spec’l tax6a of ’89.+ 99% 100%
74
Jeff. M.&l.ist m. (l&M) 7b,’8lt 100
Pitts. Cln. * Sr. Louis 7s, 1900 70
!00^
do
2dm.,7s..
.:... 6936 70
Shamokin V.& Pottsv 7s, 1901
do
lstm.,7s, 19C6....+ 100% 101
Steubenv. A Ind. 1st, 6a. (884.
Loul8V.C.&Lex. lstm. 7s,’97. 106
107
Stony Creek 1st m.7s, 9)7....
104
Louls.&
100
Fr’k.,Loulsv.ln,6s,’8!
10034
Snnbury & Erie 1st m. 7s, ’17..
.
...
11
•
,
Specie. L. Tenders. Deposits. Cireu'ation. Agg. Clear.
$1,449,278 $19,596,629 $5/863.517 $10,444,316 $29,489 *83
1,501.519 19,036/33
57,440,620 10,405/28
38,031,071
1,443/37 18 705,003
5',061,3 0 10/55,306
35,543,472
1,320,027 17,734,282
56/52,197 10,414,015
35,619,767
1,253,386 17/ 74,770
53/2M67 K',398,891
29/69,733
1,299,145 16,508/55
52,346,689 10,417/85
32, .05,987
......
*
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid.
8KCURIT1K8.
...
Ask.
BOSTON.
Vermont &Mass. Istm.,68,’fc3
Maine 68
New Hampshire 6b
Vermont bs
Massachusetts 5s, gold
Boston 6s, currency
do
5s, gold
Chicago sewerage 7 s
do
n*w
ds
Boston
a
114%
Boston & Maine
Boston & Providence.
Burlington & Mo. In Net)
Cheshire preferred.
109% 110
88%
119% 120
.
34
(7*6
Albany 7s
115%
Connecticut River
8**
Conn. &Pdssump8lc, pref....
46% Eastern (Mass.)
101% Eastern (New Hampshire)...
116
Fitchburg
Manchester & Lawrence....
107
Boston & Maine 7s
H15*
Burl. & Mo., land grant. 7s.... 109
do
Neb. 8s, 1894
105
.
do
Neb. 8s, 1883
Eastern, Mass.,8Hs, new.
Hartford & Erie 7s, npw
Ogdensburg & Lake Ch.Ss...
thd Colony A Newport 7s, ’77.
Rutland, new 7s
95
„
49%
...
Venn*t C.'lst m., cons. 7s, ’86.
do
2d m., 7s, 1891
Vermont /b T'anadn. new ft«
10
....
...
111%
& Lowell
•;jNashua
New York &
New
1u
69
123
U6
7o
43%
3%
22
104
120
85
3%
104%
124
105*6
95% jOgdenso. & L. Champlain
50
1
do
do
10% Old Colony
100
...
pref.
Portland baco & Portsmouth
Rutland, common....
do
preferred
Vermont & Canada
..
10
....
40
Vermon. & Massachusetts..
Wnrc««ro'* A N»>«hua
21
83
85
87*6 87%
69*1
‘
‘"5*6
’
7*6
20
105 K 106
18
.
United N.J. cons. in. 6s.’94
Warren & F. 1st in. 7s, ’9*
West Chester cons. 7s, ’91.
.
..
*77
bl
111
West Jersey 6a, deb,, coup.,’83
do
!et m. 6s, cp.,’96.
103
do
1st in. 7s, ’97
80
Western Penn. KR. 6s, .893
8J
do
6s P. B.,’96
Wilm. a Read, let m. 7-*, 1900*
do
2d m., 1902*...
90
10436
..
ST, LOUIS.
St. Louie 6s, long
do
water os, gold
Chesa'L & Dela 6s, reg., ’82..
Delaware Division 6s, cp.,’78.
Lehigh Navigation 6s, reg.,’84
do
do
RR.. rg.,’9
deb.,rg.,’77
’S2
rg.,’lJ4
gold, ’97
cons. m.7s,rg ,l9tl
Morrl3, boat loan, reg., i885..
do
do
d«
do
*
101
40236
100*, T02
conv., rg.
conv.,g.,
In default of Interest.
90
85
Loulsv. A Nashville—
Loulsv. In, (m.s.) 6a,’86-87.+ 100
Leb Br. 6s,’86
+ 98
lstm, Leb. Br. Ex.,7s,’80-15.+ 96
Lou.In.
do
6s, ’93...+ 99
Consol. 1st m. 7s, ’98
94
Jefferson Mad. A Ind
Louisville & Nashville
Louisville Water 6*. Co. 19071
CANAL BONDS.
....
England...
Northern of New Hampshire 66% *67
Norwich A Worcester
117
120
’
9
35*6
.
[Concord
2d 7s
46%
land Inc. 12a 101*6
115
62
8+
....
do
68
Boston & Lowell 7s
Boston* Albany
Boston A Lowel:
...
Municipal 7b
..
STOCKS.
112*6
Portland 6s
Atch. & Topeka 1st m. 7a.
do
land grant 7s
do
Bid. Ask.
SECURITIES.
100
87
’2636
98
97
100%
9436
27
98
f 104% 105%
+ 107*
do
new.+ 107*
do
do
do
bridge appr.,g. 6s + 10736
do
renewal, gold, 6s.+ 10736
do
sewer, g. 6s, ’9 -2-3.+ 107**
St. Louis Co. new park, g. 63.+ 1073s
do
cur. 7s
+
St.L.& SanF. UR.bds, ser’sA
do
do
do B
do
do
do C
t And Interest.
10034
98>a
’so
8*
108X
August
QUOTATIONS OF STOCKS AND
Bonds and active Railroad Stocks are quoted on a previous page.
jj g
Bid. Ask.
8ICUBITIBB.
State Bonds.
Alabama 5*, 1883
58,1886.
8s, 1886
88,1888.
do
do
do
do
do
do
do
73
do
........
8s, M.&E.RR..
8b, Ala. ft Ch.K.
88 Of 1892
8b Of 1893...
•
20
20
15
5
do
,
debt
7s, Penitentiary
6b, levee
8e, do
8b, do 1875 ....
8b, of 1910
do
do
do
do
do
7b, consolidated
7s, small
do
do
do
do
do
do
110
99:
46
79
78
Michigan 6s, 1873-79
do
6b, 1883
do
7s, 1890
Missouri 68, due 1877.. .. 100}$
101%
do
do
1878
Funding, due 1834-5. .. .
Long bonds,
due ’32-’90.
103
106
105
Asylum or Un.,due 1892. 10
i
Han. A St. Jos., due 1886.
do
do 1837. 105
New York State-
Loan, 1877
1878
do
6b, gold, reg.... 1887
68, Canal
6b,
6s,’ do coup.. 3887
6s, do loan...1883
do .1891
68, do
do
1892
68, do
do
.1893
do
68,
North Carolina—
6b, old. J. A J
do
A. & O
N.C.RR
J. & J.:..
..A.& O...,
do
*
-
.
..
do coup, off, J. & J..
do
do off, A. & O.
Funding act, 1866
do
1868
New bonds, J. & J
do
A. & O
Special tax, Class 1
Class i
Class 3
do
do
7b of 1888
Non-fundable bonds
Tennessee 6s, old
-
do
do
...
65
48
48
15
r
3
i
r
6s, ex matured coup.
6s, consol., 2d series
6s, deferred bonds..
...
..,
District of Columbia 3.65s.
do
do
40
5
77
77
..
Cleve. Col. Cin. & 1.
Cleve. & Pittsburg, guar..
Col. Chic. & I Cent
if*
43%
65
77%
77%
Dubuque ft Sioux City.
Erie pref
.
88
47
26%
*2%
Indianap. Cin. A Laf
Joliet & Chicago
Long Island
Missouri Kansas A Texas.
New Jersey Southern
N. Y. New Haven A Hart.
Ohio & Mississippi, pref
Pitts. Ft. W. A Ch., guar..
do
do
special.
%
%
.
96%
‘*4%
St. L. I. M A Southern....
St.L.K. C. A North’n’,pref
Terre Haute A lnd’polis..
Toledo Peoria & Warsaw.
United N. J.R.&C
0%
Warren...,.
Miicel’ons Stocks.
Am. District Telegraph...
Canton Co., Baltimore....
do
21
17
21
4
5
mref.
Cumberland Coal & Iron.
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal....
140
155
^Railroad
Bonds.
(Stock
Exchanoe Pi'ices.)
Boston H. & Erie, 1st m..
do
Bur. C. R &
_
guar.
do
45%
15
47
20
ex
coup
Chicago * Alton 1st mort.
do
income.
Joliet A Chicago, 1st m.
La & Mo., 1st in.,
guar..
btX.Jack.ft Chic.,let m.
_
1st cons,
96
arum-
do
”91
9*2
62% 65
Oswego ft Rome 7s, guar
do
sink. fund...
do
104
'71%
12
do
do
2d mort...
Lake Shore—
Mich. So. 7j>. c. 2d mort
102%
Mich S. ft N.Ind.. S.F., 7 p.c. 111
108
Cleve. A, Tol. sinking fund..
do
new bonds.... 106%
T7.
90
55
65
do
78, sewerage
7s, water
7s, river improvem’t
Cleveland 7s, long
do
do
Detroit Water Works 7s
Elizabeth City, 1880-95
116
no
114
106
110
110
110
111
111
96
96
106
f
t 105%
+ 109
t 109%
t
109
+ 107%
t
110%
93
do
1885-93
t 93
Hartford 6s, various
104
Indianapolis 7.30s
t 103
Long Island City
98
...... t
Newark City7s long.
....f 112
do
Water 78, long...t 113
Oswego 7s.....
103
f 100
Poughkeepsie Water.....
Rochester C. Water bds., 13031 109
Toledo 8s. 1877-’89
109%
Toledo i.30s.
102
Yonkers Water, due 1903..
i
Buffalo & Erie, new bonds...
Buffalo & State Line 7s
Kalamazoo & W. Pigeon, 1st
Det. Mon. ft Tol.,1st 7s, 1906.
Lake Shore Dlv. bonds
do
Cons. coup.. 1st.
do
Cons, reg., 1st.,
do
Cons, coup.,2d..
do
Cons, reg., 2d....
Marietta ft Cin. 1st mort
Mich. Cent., consol. 7s, 1902....
do
1st m. 8s. >882, s.f.
do
equipment bonds.
New Jersey Southern let m. 7s
do
do
consol. 7s
N. Y. Central 6s, 1883
do
6s, 1887
do
68, real estate...
do
6s, subscription,
do ft Hudson, ist m., coup
do
do
lstm., reg..
Hudson R. 7s, 2d m., s.f., 1885
Harlem, 1st mort. 7s, coup...
do
do
7s. reg
North Missouri, 1st mort
Ohio ft Miss., consol. 6ink. fd.
do
consolidated....
do
2d do
00
Quincy ft Warsaw 8s
...
Illinois Grand Trunk....
Chic. Dub. & Minn. 8s
*5!
u o
0X3
....
25
30
i*09
no*
100
JOO
102
104
20
ioY
101
ioi
107
107
106%
92
25
59
90
75
104
112
46
do
dlv..
1st
ex
consol, bds..
.,
9
90
119%
28
5*1
00% 100
do
do
2d mort.,pref..
2d mort. Inc’me
Belleville & S. lll.R. 1st m. 8s
Tol. Peoria & Warsaw, E. D...
do
do
W. D..
do Bur. Div.
do
do
do 2d mort.,
do
do consol. 7s
69
80
77
80
ex
coupon.....
Logans. Craw. & S. W. 8s, gld,
Michigan Air Line 8s........*1 .83%
Monticello ft P. Jervis 7s, gld.
Montclair ft G. L.Ist 7s
do 2dm. 7s
Mo. K.ft Tex. 1st 7s, g., l904-’06
Uo
2d m. Income...
N. Haven Mifldlet’n ft W. 7s,..
N. J. Midland 1st 7s, gold
do
2d 7s
28
91&
16
52
15
92%
Price nominal,
t Ami accrued intarest
40
42
72%
67%
Class B
100
72
98
98
70
96
South Carolina new consol. 6s.
85
95
91
84
90
63
78
55
07
92
75
31
31
65
Atlanta,Ga., 7s
8s..
waterworks
Augusta, Ga., 7s, bonds
Charleston stock 6s
Charleston. S. C., 7s, F. L. bds.
Columbia, S. C.,6s
Columbus, Ga., 7s, bonds...
Lynchburg 6s
Macon bonds, 7s
Memphis bonds C
do
do
bonds A ft B
end., M. & C. RR
Mobile 5s (coups, on)
....
do
do
8s
97
93
87
83
75
73
•• •
•
85
34
34
34
31
25
32
18
22
41
30
70
70
33
(coups, on)
6s, funded..
6s, old
6s, new
50
80
77%
35
47
42
•
91
95
‘55*
48
Wilm’ton, N.C., 6s, gold) coup
do
8s, gold ) on.
••*
*98
^01
Richmond 6s
Savannah 7s, old
do
7s, new
48
55
00
70
80
90
RAILROADS.
80
37
70
82
49
98
82
50
81
63
7o
90
70
65
66
30
-
•
3%
27
30
1
6
85
85
»9
9<1
ll*
-
1C8
75
90
42
63
mort.{
7s, guar
■■■
40
...
do
do ex cert. 6s
do
8s, interest
do
2d mort. 8s
N. Orleans ft Jacks. 1st m. 8s.
i
do
2d m. 8s.
Nashville Chat, ft St.L. 7s..
36
25
5
100
64
*95
86
07
*35
98
73
do
do
do 7s
m. 8s
1st m. 8s..
2d m. 8s..
Northeastern, S. C.,
do
3S
38
29
10
102
92
82%
85
Petersburg 1st m.8s
2d
2*7
80
.
•••
10b
100
75%
80
75
—
100
83
80
67
...
....
.
..
•
• •
•
85
00
70
55
30
108
83
do
do mort. 7s
Rich, ft Danv. 1st consol. 6s...
93%
74
75
Southwest RR., Ga ,conv.7s,’86
S. Carolina RR. lstm. 6s
do
78,1902...
do
7s, non mort
do
stock
Savannah ft Char. 1st M. 7s...
Charleston ft Savan’h 6s, end
West Alabama2dm.8s, guar..
do
1st m. 8s
90
95
91
40
33
89
33
.
53
20
75
70
IC6
Orange ft Alexandria, lets, 6a.
do
2ds,6s..
do
Sd8,8s.:.
do
4tbs,8s..
Richm’d
&
1st
Petersb’g
m. 7s.
2%
Rich. Fre’ksb’g ft Poto. 6s
6'
85
5
80
*0
35
10O
..
*4*4
95
76
90
-
*3
98
Macon ft Augusta bonds..
....
do
2d endorsed. 00
do
••••
stock
Memphis A Charleston 1st 7s.. 34
do
2d 7s... 65
do
stock.. |
3
Memphis ft Little Rock lstm. 25
Mississippi Central 1st m Ts... 95
do
2d ni.Ss
70
Montgomery ft West P. 1st 8s. —
Mont, ft Eufaula 1st 8s, g., end 24
Mobile ft Ohio sterling 8s.
36
Norfolk ft
45
18
61
80
35
67
30
do
do
50
70
50
20
Georgia RR. 7s
stock
Greenville ft Col. 7s, 1st
6%
5
Ala. ft Chatt. 1st m. 8s, end
Ala. ft Chatt. Rec’ver’s Cert’s
Atlantic ft Golf, consol
do
end. Savan’h.
do
stock
do'
do
guar...
Carolina Central 1st m. 6s, g...
Central Georgia consol, m. 7s.
do
stock
Charlotte Col. ft A. 1st M. 7s.
do
do
stock
Cheraw ft Darlington 6s
East Tenn. & Georgia 6s
Ea6t Tenn. ft V». 6s end. Tenn
E. Tenn. Va. & Ga. 1st m. 7s...
do
do
stock
20
20
94
2*5
25
UO
94
<-6
40
60
48
PAST DUE COUPONS.
Tennessee State coupons
South Carolina consol
Virginia coupons
do
consoi. coup
Memnhle City Coupons
*
Tol. & Wabash, 1 st m. extend.. 106
do
do 7s, g.,
do M&S,’S6
i
do 68,gold, J.&D., 1896 ‘*59
do 6s, do F.&A., 1895.
76
do 7s, Leaven, br.,’96..
30
do Incomes, No. n
1%
do
do
No. 16
1%
do
Stock
1%
Kalamazoo ft South H. 8s, gr.f *60
93
Kal. Alleghan. ft G. R. 8s, gr..
Kansas City & Cameron 10s.*t 85
71
Keokuk ft Des Moines 1st 7s..
do
funded int. 8s 80
do
stock...
pref.
i*5*
Lake Sup. & Miss. 1st 7s, gold.
Leav. Law. ft Gal. 1st m., 10s..
*&*
40%
consols, Class A
do
Georgia 6s, 1878-’86
2
180
Central Pacific gold bonds.. 106% 106%
89
do San Joaquin branch .88
Indianapolis* St. Louis 1st 7s
Houston ft Gt. North. 1st 7s, g. 60
do Cal. & Oregon 1st
ic*8
International (.Texas) ’stg..., 60
do State Aid bonds....
Int. H. ft G. N. conv. 8s
22
do Land Grant bonds
Jackson
Lans. ft Sag. 8s, 1st m t....
101
Western Pacific bonds.
Kansas
Pac.
40
7s,
g..ext.
MftN,’99
Union Pacific, 1st mort. b’ds
do 7s, g., I’d gr.,J&J,’80 40
103
do
Land grants, 7s
St. L. ft Iron Mountain, 1st m.
do
do
2dm..
St. L. Alton ft T. H.—
Alton ft T. H., lst mort
.
60
102
Ioi%
85
57
85
73
58
54
.
iob’% ioi'%
gr
Iowa Falls & Sioux C. 1st 7s..
m
do
no
Indianap. ft Vincen. IstTs,
do
Sinking fund...
Pacific R. of Mo., 1st mort...
do
2d mort
do
Income, 7s.
do
1st Caron’t B
Penn. RIi—
Pitts. Ft. W. A Chic., lstm.. 117%
do
do
2d m.. 111
do
do
3dm..
Cleve. ft Pitts., oonsol., s.f..
uo
4lh mort.... 103
Col. Chic. & Ind. C., 1st mort 24
do
do
.2d mort
Rome Watert’n ft Og.,con. 1st 40
new
108%
1. g. 7s.i 40
67
8“
60
STATES.
Alabama
Petersburg 6s...
Valley 8s, i st m.. 11...
Hous.ft Texas C. 1st 78. gold., 79
101
Southern Securities.
(Brokers' Quotations.)
iio
100%
Chic, ft Can. South ! st m. g. 7s.
20
16
Ch. D. ft V., I. div., lstm. g.7s.
6
50
Chic. Danv. & Vincen’s 7s, gld 45
103
Col. ft Hock V. 1st 7s, 80 years, 101
do
101
1st 7s, 10 years, 100
do
2d 7s, 20 years.. 90
60
Connecticut Valley 7s
50
31
Connecticut Western Ist7s.... 27
Chic ft Mich. L. Sh. 1st 8s, ’89. *155 65
Dan. Urb. Bl. ft P. 1st m. 7s, g.
22
15
Des Moines ft Ft. Dodge IstTs.
Det. Hillsdale ft In. RR. 8s
Detroit & Bav City 8s, end.. .*1 65
70
Det. Lans. ft Lake M. 1st m. ds
12
Dutchess ft Columbia 7s
*8
60
Denver Pacific 7s, gold
50
40
Denver ft Rio Grande 7s, gold. 25
103
Evansville ft Crawfordsv., 7s.. 1100
Erie ft Pittsburgh 1st 7s
j 100
do
*86
con. m.,7s..' 80
do
Grand River
64
70%
33
Wisconsin Cent., 1st, 7s
35
Mercant. Trust real est.mort.7t rioo
109
do
7s, equip...I
104%
118% Evansville Hen. ft Nashv. <s...! 80
118*- Evansville, T. H. & Chic. 7s. g. • 50
Flint ft Pere M. 8s,Land grant. *78
Fort W., Jackson ft Sag. 8s, ’89
Grand R.ft Ind. 1st 7s, l.g., gu. 94
do
Jstls, l.g., notgj.1 77
8 i
33
St. Louis Vandalla ft T. H. 1st.
do
2d, guar
St. L. ft So’eastern 1st 7s, gold.
St. L. ft I. Mt. (Ark. Br.) 7s, g.
South. Cent, of N. Y. 7s, guar.
Union ft Logansport 7s
Union Pacific, So. branch, 6s,e
Walklll Valley 1st 7s, gold....
West Wisconsin 7s, gold
i02%
2*9*
*
105
Sandusky Mans, ft Newark 7s.
Montgomery 8s
47% Nashville
....
103%
01
99
88
*95
•68
25
50
bds., Ss, 4th series
Rockf. R. I. ft St. L. 1st 7s. gld
Rondout & Oswego is, gold...
Sioux City & Pacific 6s.
Southern Minn. 1st mort. 8s...
do
Ts, 1st
do
New Orleans prem. 5s
do
consol. 6s......
do
railroad, 6s..
do
wharf lmp’ts, 7-30
Norfolk 6s
Chesapeake & 0.2d m., gold 7s
Chicago Clinton ft Dub. 8s
38
do
do
..
..
63
30
14
70
90
10
CITIES.
111
X
-»
....
ill54
RAILROADS.
Atchison ft P. Peak, 6s, gold.
Atchison ft Nebraska, S p. c...
Bur. & Mo. Riv., land m. 7s...t
do
3d S., do 8s...t
do
4th S., do 8s...t
do
5thS.,do8s...t
do
6th S.,do 8s.. .f
Bur. C. K. ft N. (Mil.) g. 7s..
Cairo* Fulton, 1st 7s,gold.
California Pac. RR., 7s, gold
do
6s, 2am. g.
15
M.ftS.
105% Texas 6s, 1892
do 7s, gold, 1904-1910. J.&J. 109%
100
do 7s,gold, 1904
113
J.&J. no
105
do 6s, gold. 1907.... .J.&J 103
114%
do 10s, pension, 1894. J.&J. L03% 104%
105
108
Peoria ft Hannibal R.
cjS
Chicago ft Iowa R. 8s8s. 5
102% American Central 8s
J o
Chic, ft S’thwestern7s, guar..'
Cleve. P’ville ft Ash., old bds 104% 105
do
do
new bds.
71%
CITIES.
...
32
25
...
Miscellaneous List*
(Brokers' Quotations.)
Albany, N. Y., 6s, long
Buffalo Water, long
Chicago 6s, long dates
7W
3?
Peoria Pekin ft J. 1st mort
Peoria ft Rock 1.7s, gold
Port Huron ft L. M. 7s, g. end.
Pullman Palace Car CO. stock.
...
60
Western Union Tel., 1900,coup 103
do
do
reg.... 103
Boston ft N. Y. Air Line, 1st m
Cin. Lafayette ft Chic., 1st m..
Long Island RR., 1st mort.
South Pacific Railroad, 1st m.
St. L. ft San F., 2d m., class A.
0% O. ft Fox R. Valley 8s
80
13
N. Y. ft Osw. Mid. 1st
do
2d 7s, conv.
do receiv’actfs. (labor)
do
do
(Other)
North. Pac. 1st m. gld. 7 8-UK.
Omaha ft Southwestern RR. ds
•
Sulncy ft Toledo, 1st m„ ’fi
4*
2d div.
••
....
do
2d mort., 7s, 1879...,.,.. 105% 106
10b% 106%
do
3d
do
7s, 1883
*86
do
4th do
7s, 1830
io*3
do
5th do
7s, 1888
Canada Southern, 1st m.
44
do
7s, cons., mort., g’dbds..
109
do
with int. certifs 43
110%
do Long Dock bonds
101
Central
Buff. N. Y. ft E, 1st. m., 1877...
Pacific, 7s, gold, conv. 90
Central of Iowa lstm.7s.gold. 26
do
do
large bds.
ly
V. 0
I On
D..
95
do
do
new bds, 1916 106% 106% Keokuk & St. Paul 8s
92
100
Han. ft St. Jo., 8s, conv. mort. 00
Carthage ft Bur. 8s .....
Dixon Peoria ft Han. 8s. fcSt 101
Illinois Central—
...
...
North., 1st 6?..
Chssa. A Ohio tis, 1st m...
do
94
.
Cent.N. J.Land A 1m. Co.
American Coal
Consolidate Coal of Md..
Mariposa L. & M. Co
do
3d
do
1st Spring,
Pacific Railroads—
87 %
Rensselaer & Saratoga. ..
Rome & Watertown.......
Bt. Louis Alton A T. H....
do
do
pref.
Belleville* So. Ill.,pref.
do
Minn., 1st mort..
Indianap. Bl. A W., 1st mort...
65
80%
134
2d
Rees, ft Saratoga. 1st coup.. 114%
do
ist resist'd. 114*
Erie, 1st mort., extended
do
do
endorsed
do
Cedar F. ft
Central Pacific
Chicago & Alton
do
pref
do
do
35
Bid. Ask.
SBOUBITIB9.
75% New Jersey ft N. Y. 7s, gold...
•
12
con.
...
do
do
do
do
90
do
2dm
Chic, ft N. Western sink. fund.
ibe
int.
do
bonds.
do
106%
do
do
consol, bds
105
ext’n bds.. 100
do
do.
1st mort... 103% 105
do
do
do
do
cp.gld.bds. 88
do
do
reg. do
Iowa Midland, ist mort. 8s...
Galena ft Chicago Extended.
Peninsula 1st mort.,conv.. 100
Chic. & Milwaukee, 1st mort
Winona ft St. Peters, 1st m.
do
2d mort.
C. C. C. ft Ind’s Ist m. 7s, S. F.. 109% 111
consol, m. bonds
do
Del. Lack. & Westerned m
do
do
7s, conv.
:i4
Morris ft Essex, 1st. m
do *
2d mort
do
bonds, 1900....
do
construction,
do
7s, of 1871 ...
85
do
1st con. guar.
Del. & Hudson Canal, lstm.,’77 99
00
do
do
1881
do
189: 95
j
ao
do
do coup. 7s, 1894
do
dp
reg. 7,1891
ria
62%
102% ids
lstin.,I.& M.D. 88%
1st m., 1. ft D.. 86
do
do
class B.
lstm., H. & D. 86
do
do
class C.
1st m., C. & M.. 99% 100
87% South Side, L. I., 1st m. bonds,
lstm., consol.. 86
Dubuque A Sioux City,1st m.
small.,
registered
Railroad Stocks.
(Active preri'usly quot'd.)
Albany & Susquehanna...
91%
2d mort
equip’t bonds,
convert...
Great Western, 1st m., 1883..
do
ex coupon ..
U'i
do
«U mort.,
2d
lllwl Vi| ’93.
90..
linofs ft So. Iowa, 1st m<
mort
do
ex coupon
Han. ft Cent. Missouri, lstm
Pekin Linc’ln ft Dec’t’r,tst m
69
65
42
115
98
92
Ask.
.1
30
30
30
78
63%
do
do
do
.
33
36
36
36
45
45
38
1%
new series..
Virginia—
6s, old
6s, new bonds, 1366
do
1867..
6s,
68, consol, bonds
2d m. 7 3-10. do
1st 7s, gd., H.D
1st 7s £
do
1st hi., La C. D.
40
Bid.
Tol. ftWabash, Istm.St.L. dlv.
• •
.
m
s%
43%
6s, new
6s,
20
20
111
107
April A Oct
Funding act, 1866...
Land C., 1889, J. & J
Land C.. 1889, A. A O....
.
68
64%
Albany & Susq. 1st bonds...
105}$
Ohio 6s, 1881
do 6s, 1886
Rhode Island6s..:
South Carolina68....
Jan. A July
do
do
do
do
do
do
do
do
do
do
do
46
46
46
46
101
105
110
1st consol
con.conv
Lehigh A Wilkes B. con.guar
Am. Dock ft Improve, bonds
Ch. Mil. ft St. P. ist m. 8s, P.D.
7s, new bonds.... 107'
7b, endorsed. ... 107
do
do
7b,gold bonds... 108}$
101
I lllnois 6b, coupon, 1879...
101
do
War loan
...
101
Kentucky 6s
46
Louisiana 6s
6b, new...
6e, floating
do
do
do
do
do
do
109%
*&*
BONDS IN NEW YORK.
Prices represent the per cent value, whatever the par may ht.
8EOUBITIBS.
109%
Chic., Rk.Isl.ft Pac., lstm. 7s 109
do
8. F. Inc. 6s, *95
do
6s, 19'.7, coupon, 103% 104
do
6s, 1917, reglst’d
Central of N. J., 1st m., new...
iii%
Memphis ft L.R.
7b, Ark. Cent. RR...
Connecticut 6s...
Georgia 6s
..........
Ask.
Bid.
•BOUBITIKB.
Cblc. Bur. ft Q. 8 p. c., 1st m.
do
ao
consol, m. 7s
do
5s slnk’g f’d. A.&O
40
40
40
40
78,L.K.P.B^&NX)
7s, Miss. O. A R.R.
do
do
do
135
THE CHRONICLE
11, 1877.]
•
Price nominal
80
75
79
8*4
bo
35
THE CHRONICLE
136
[Vol. XXV.
NEW YORK-LOCAL SECURITIES.
•
Capital.
Companies.
•
Amount
cn e)
a
224 80(i J. & J.
250 000
Brewers’ & GroV*
Broadway
Bull’s Head*..
Butchers A Drov..
150.IH0
2,wo
200,000
500,000
....
2,000,001'
Central
Chatham
Chemical
Citizens’
450,000
July 2,*77...1
May 1,77.. 3
July 2. *77.. 6
24
63
July 2, 77..8
Sept.l 75. .5
July 2, 77...4
July 2. ’T7...4 ICO*
July 2. ’77...4
M*y l, 77 .15
July 2. ’77...3
10
10
8
10
Bl-m’ly 100
9
J. & J.
20
Q-F
8
J.& J.
J. & J.
8
J. & J.
F.&A. 10
3
J. & J.
8
J.& J.
7
J.& J.
Commerce
Cojnmerclal*
Continental
Corn Exchange*..
.
Dry Goods*
East River
Eleventh Ward*..
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
Ger. American*..
Ger. Exchange*...
Germania*
Greenwich*
Grand Central*....
Grocers*
Hanover
Harlem*
100.1 (X
500.00*
121 5:11
524.700
600.001
500.00*
1
1*000,out
’2(0,0<H
37,IOC
4 V 00
13.000
8,200
fO.SOU
1~U,;0U
12, 00
200,00(
200,000
100,000
i
Import. A Traders’
500,(XX
*500.001
10<>,0.0
600,000
i
Irvin*
City*
Leather Manuf....
Manhattan*
Manul. A Merck*..
2.050.UA
vw w
400,000
Marine
Market
1,000,000
2,000,000
Mechanics
Mech. BkgAaso...
Mechanics A Trad.
500,000
600,0(X‘
Mercantile
Merchants
Merchants’ Ex
1,000,000
3,000,000
1,000.000
Metropolis*
Metropolitan
Murray Hill*
500,000
3,000.0011
200,001
Nassau*
New York.
New York County
N.Y. Nat. Exch...
Ninth
North America*...
1,000,001
..
May.
rlental*
River*
Sorth
Pacific*
Park
422.71)1
Peoples*
Phenlx
Produce*
Republic
St. Nicholas
Seventh Ward...
Second
Shoe and Leather.
Sixth
State of N.Y
Tenth
Thlfd
Tradesmen’s.'
Onion
West Side*
1
Gas and
July 16/77. .3
3
10
Jan. 6. 76...3
•
206'
76
8"
p
...
....
....
•
••.
92 S
•
•
....
•
Apr.2.77.2>$
....
•
••*
....
May 11, 77. .6
May 2, 77...6
May 1, ’77..4
7
8
*
.
80
....
y'l, '76 ..8
Ju
6
^
.
127S
...
98“
•
„
•
.
r
4
....
....
•
....
•••
....
•...
....
to
Jan. 2. 7;...3
July 2, 77.3S
MCI..1.75..4
4
99S
....
....
July 2, *77... 7 266"
14
10
July 2, ’77...4
....
...
4
.
....
••
•
Jan. 3, 76... 5
8
July 2, 77.3>4
July 2, ’77... 4 132 '
May 1.77.2S
May 1,77 ..4
10
8
•
•
•
..
9
8
•
....
l66
Muy 1, 77..3 90
July 2.77 3X U3S
8
July 2,77...3
3* Jan. 3, 76.3X
10
July 2,77...5 130
Oct. 1,75. .4
90
6M May 10.77 ..3
111
10
Ju.y 2,77.3>, ll‘J
Jan. 1,77...4
4
8M Aug. 1,77..4
6
Jan. 2, 77.. 3
7
July 5,77 ..3
70**
July 1/74.3K
12
July 2,77...b
12
Aug 1. 77...3
10
July 2,77...3 ».C4
10
July 2.77...5
7
July 2,77...3 166s 162"
July.lS’74.3>»
Aug.6,77.. .3 90" 93
8
....
•
•
•
....
•
.
•
4
8
6
••
..
•
•
•
v
•
.
Feb.. 77. ..4
Jan. 2.'77...3
Niagara
North P.iver
Pacific
Park
Peter
8*
•
9
3
*.iau
•
•
li6“
•••
•
..
... .
«
2.77..4
Bid. Askd
Date.
*
3
5lc,'.t5
111,00?
200,000
6,078
133,145
200;000
155,156
103,454
16,653
96,a'0
1.846
200,000
1,000,000
500,000
200,000
none
651,887
691,800
185.012
317,639
11,184
200,000
200,000
57,663
112, '297
509,394
'
.
.
61,099
1117,568
204,836
65,593
182,772
73,175
+157,018
110,327
185.46-1
293,659
315.907
182,034
65,715
194,002
125.41!
25
Citizens*Gas Co (Bklyn) ....
do
certificates....
20
50
20
Var.
Var.
820.0C0 A.&O.
F.&A.
1,850,000
386,000 J. & J.
100
4,000,000 J. & J.
2/00,000 M.& S
1000
Harlem
Jersey City A Hoboken
Manhattan
Metropolitan
do
do
certificates
bonJB
var
1000
UK'
Mutual, N. Y
do
bonds.
do
scrip
People’s (Brooklyn)
do
1.000,000
500,000
5,000,100
1.000,000
1.000.000
Nassau. Brooklyn
New York
2,000,000
1.200,000
do
bond*..
do
do
certificates...
of
New
York
Central
Williamsburg
L‘X»
10
lore
var
5C
50
do
scrip
Metropolitan. Brooklyn
var
UO
7(>e,oco
4,000,000
1,000,000
325,000
800,000
466,000
1,000,000
5
4
Quar.
.& J.
Var
Jan..
155
75
93
95
16)
200
132 V
10U
1(X)
94
103
75
95
125
4)
*77
71
77.
3K April.
3S Aug.l, 77.
5
July 1, 77
5
July, 77
5
Feb., 77.
3S Feb.. 77.
M. & S
■l.A J.
■
July 2,
3V
rr r
r
t
t
-
T
t
Apr., 77.
v
ug., V2.
3
Jan., ’77.
3S May l. ’77
5
May 1, 77.
2S
3Sg
M.&N.
M.&N.
J. & J.
F.&A.
J.'& J.
F.& A.
Quar.
1
000,000 1. & J.
1,001',!'01 M.&N.
3S Jan., 76
3S
SS Jan., ’77.
165
to
none
200,000
200,000
1(0
no
210
187
108
103
96
106
£0
lfS)
131
45
93
85
95
121
102
69
95
75
57 H
115
99
Aug.l, ’77.
2S July, 77.
3s
31* Jan., ’.7.
2S May<0 .77
65
Brooklyn City—stock
1st mortgage
Broadway (Brooklyn)—stock...
Brooklyn <t Hunter's Pt—stock.
1st mortgage bonds
Bushwick Av. (Bklyn)—stock
ventral Pk, R. <& E. River—stk.
Consolidated mortgage bonus
Dry Dock, E. B. dk Battery—atk.
1st mortgage, cons’d
Eighth Avenue—stock
1st mortgage.
62d St. dk Grand St ferry—stock
1st mortgage
Central Cross 'lown- stork.
1st mortgage
Houston. West st.dkPav.F'y—stk.
1st mortgage
Second Avenue—stock.
1st mortgage......
3d mortgage
Cons. Convertible
Extension
Sixth Avenue- stock
1st mortgage
Third Avenue—stock
....
V»t
mortgage
Twenty-ihira Street—stoex...
1st
* This column shows
...
1000
100
100c
10
1000
100
100
1000
900,000
694,000 j. & j.
2,100,000 J. & J.
1,500,000 J.&D.
2.000.000 Q-F.
7
3S
7
July, 191*0
Jan
’77
June,1884
in 0
2,000,000
Q-F.
2 000.00(1
J. & J.
600,(00
J & J.
M.*M.
25n.no
.
.
Jan., *77
Dec ,1902
Feb.. '77
Jui.e, ’93
Jan
,
’77
New
Jan.,
’34
May.' '77
Nov.,ISO!
Julv.1894
April, ’7:
Dec., ’7:
April, ’-5
May, ’38
Oot., ’83
May, '7.
-
*
a-
®
1.000,000
869 346
200.000
13,‘291
200,000
300,000
63/87
+ 70.106
200,000
3,270
July.lW*
Feb
*77
105
160
100
90
7
M*v.
’93
inr
’77
,
5
7
10
10
20
16
15
7
10
10
20
10
5
7
20
20
t
r
T
-
13
10
20
20
20
10
10
16
10
10
14
30
10
10
>0
20
20
12
20
20
•
.
t
10
10
12
SO
20
10
10
12
30
20
20
20
9S 11
10
10
20
10
ll
15
10
10
16
10
14
10
12
•
July,'77.7S
July, ’77..6
.
.
••••••••
15
5
10
10
10
11
•20
>•
Aug.,’76..5
July, ’77..3
July, '77.15
July.'77..iO
July, ’77.10
Jan.. *77..5
..
* ,
225
125
Juiy, ’77..6
July. '77..6
10
•20
10
10
10
10
12
12
10
10
20
10
20
lO
10
20
0
11
14
30
20
10
20
20
25
16
20
20
10
10
12
12
•
*
.
10
10
15
7
10
20
20
10
10
10
15
10
10
10
20
10
10
17
20
20
10
20
20
-
•
•
10
20
10
10
219,433 20
150,550 5
59,560 10
153,250 6
154.836 5
77.457 ,10
156,263 13
192,769 I10
251,537 |14
1841-68.
5
1854-67.
6
Croton water stock.. 1845-51.
do
do
..1852-60.
Croton Aqued’ctstock. 1865.
do
pipes and mains...
do
repervoir bonds
Central Paik bonds. .1853-57.
5
6
6
7
6
5
..1853-65.
6
Dock bonds
1870.
7
do
1875.
6
6
09
Floating debt stock.... 1860.
1865-68.
Improvement stock.... 1869
do
QO
....1869.
Consolidated bonds
var.
Street imp. stock!
var.
•
var.
do
do
New Consolidated
Wentchester C'ountv
7
6
7
6 g.
6
7
5g.
7
[Quotations ny a. 1'.
80
July, ’77..5
July,*77..10 141K
120
July, ’77. 6
July, '77..5
July, ’77. .5 105*
July, ’77..5
July,’77...6
July,’77..6
July,’77. .5
Men.,*77. .5
July. ’77.10 170
July. *77..5 110
Ju y, '77.1*
Ju'y, ’77. .5
Ju y, *77. .5
Ju y, *77.10
July, ’77..5
July, ’77..6
July, ’77.10
July, '77.10
July, *77.10
July, *77. .5
July, '77.10
June,*77..8
July, '77.10
*5
140
140
192*
J"]y,’77..6
July, *77.10
Aug ,’77..7
,
,
.•••
10
10
12
30
20
20
20
20
July. ”77. .5
July, *77..6
10
July, *77..5
July, 76 .5
Jul3r, ’77..5
A- 1., '77. .6
July, *77. It 266*
July. *77.10 125
July.’77.10 180
July, 77..8
July, *77.10
3H Jxn.,’77 3S
10
July, *77. 5
10
13
90
108
25
Aug., 77.10
12S 15S July,’77..8
10
10
116
i30*
240
195*
iio’
IOC
Auv.. ’77. .5
t
•.**••
PR ICE
do
•••••••••
••
7
7
7
6
•
6
7
Kings Co. bond*..
A
do
Park bonds
do
f|
,
Brldgr*
•AH BrooKlyn bonds flat.
Months
Payable.
Feb., May Ang.ftNov.
do
do
do
do
do
do
do
do
May & November.
Feb.,May Aug.&Nov.
do
do
do
do
May & November.
Feb.,May, Atig.& Nov.
May & November.
do
do
do
do
do
do
do
do
do
do
•
January & July.
do
1894
do
hkkkh.»ir., nroKer. its,
1877-80
1877-79
1890
1888-90
1884-1911
1884-1900
1907-11
1877-98
1877-95
1901
1905
1878
1894-97
1889
1879-90
1901
1888
1879-82
1896
**
Bid.
Askd
100
IOCS'
1U0
1(8
100
103
ll8
1O0S
112
106
100
6
6
January & July,
do
do
do
do
do
do
do
do
ao
do
do
do
May & November.
nn
do
January & July.
do
do
105
106
118
107
100
r
118
106
119
107
101 s
118
104
105
K8
119
105
117
110
102S
104 S
112
1(9
106
105
108
HI
107
ail st.|
•
7
7
Water loan.
1878-80
1881-95
1915-24
1903
1915
1902-1905
1881-95
1880-83
m«ji
1924
1907-1910
'
102
1C8
104
no
12a
12c
HSS
11?
117
106*
r.9X
10#X
U)4
11U
nw
Its
1*7
107
111
110
112
*09
[Quotation)? by C. Zabrihkik. 4~ Montgomery St„ Jersey City.]
-
Jersey City—
.
.
Mh>,
July,1390
20
10
81^981
200,000
200,000
200,000
200,000
•
.
(0
20
!0
10
10
10
50
100
50
10C
101
100
Water loan bonds....
<
5
«
.
5
150,000
150,000
Bridge bonds
,
t
10
20
Brooklyn—Local inipr’em'o—
City bonds...,
t
April. 'S3 102S
7
4
an dividend on stocks bus the data of
..
50
9J
12
80
72
100
95
95
.
*
20
18
10
132,714
410,076
139.085
2(9.330
122,215
York:
f.tt
*»^
„
»
JU
350,000
200,000
200,000
.
Water stock
do
;;
*
,
Apr., *77.1!
July, *77 .7
Jan., *77 .3
Aug ,'77* 5
10
10
so
’0
40
10
10
10
13
to
12
20
18
20
14
Rate.
73
90
60
40
£0
82 S
100
155
100
115
T
•
•
75
Bondsdue.
*166“
.
’76
1888
||
100
1000
ion
’7.
10
:o
10
10
15
12S
50
20
5
4
t
•
•
201
175
iNTKKKSlv.
190
*77
•
auv.^TJO
July .’77..1C
July.*77..10
Aug*77.7*14
July. ’77..8
July, ’77. .5
Jan., *77..5
July, *77.10
Juiy.T?.^
12
12
.
■
500,391
Market stock
’SO ioi
,
....
500.000
•
73
100
,
3* May,
300,000 M.&N. 7
Nov.,
3
200,000 Q-J.
Apl
40*1,000 A.&O. 3
Oct-,
800,000 J. & J. 7
10U
500,000
100
1,800,000 J. & J. 2*
1000
1,200.000 J.&D. 7
•1
100
1,200,000 Q-F.
900.000 J.&D
7
5C0 Ac
100
1,000,000 J.& J. 6
1000
203,000 J. & J. 7
100
748,000 M.&N. 5
1000
236,000 A.&O. 7
100
600,000
1000
200,000 M. & N. 7
100
250,(00
500
500,000 J. & J. 7
100
1,199,500 Q.-F. 2
1000
J.&D. 7
1000
A.&O. 7
1000
770,000 M.&N. 7
.500 &c
200,000 A.& 0. 7
100
750.00C M.&N. 5
1000
415,000 J. & J. 7
35
19
10
.
July. ’77..5 100
June,*77.10 200
Feb. ,*77.. 5
30
14
10
20
15
15
0
14
10
15
.
.5
.ian.,
X
:J0
.
City Securities.
12
90
8
.
,
.
do
*
,
July, ’77..5
July, ’77..7
July.’77..8
July, ’7<’..5
Jan.,’77. .4
Bid. Aaktf
July,’77,6*23
‘iso**
10(
12S 15
July,’77 7S
Star
200,000
100
10 110
200,000
Ang.,’77. .5
Sterling
160
•20
20
25
200,000
July, ’77. ?
Stuyvesant
165
20 .25
25
150,000
July, ’77. 8
Tradesmen’s
16
25
250,000
United States
I16 July,’77 6
'
10
110
201.454
.10
U
300.000
Aug.,
’77.5
Westchester.......
20)
406.550 HO
20
20
250,000
Williamsburg City,r. 5C
July, *77.10
•Over all liabilities, including re-insurance, capital and tcrip.
+ The surplus
represented by scrip is deducted, and the figures stand as actual net surplus.
t Continental, U*45; Standard, 1155.
-
1U0
Prior.
[Quotations by Daniel A. Moran. Broker, 40 Wall Street.]
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bieecter ift.dk Fulton Ferry—sik.
1st mortgage
Broadway at Seventh Ave—stk..
1st mortgage
5
20
30
‘-JO
20
20
10
10
20
9*81
•
22,630
200,000
.
l
•
-
200.000
30
5
229,503
128,169
841,285 20
210.514 18
200,000
.
Brooklyn Gas Light Co
•
•
10
23
15
10
8
10
0
20
10
20
20
23
20
20
10
10
25
10
20
80
20
(OK 17
14* 20
17
10
10
10
5
5
13
8S 10
20
30
10
10
(0
.0
10
10
10
13
5
10
10
10
159,503 10
.
-
10
20
4(^93
188,366
109,4 IS
;o
14
15
10
8
10
1*
10
•
106.6£6
200,000
150,000
200,000
200,000
200,000
200,000
25
.
•
1,002.784
200.000
250,000
Standard
V
■*->
.
St. Nicholas...
[Gas Quotations by George H. Prentiss, Broker, 30 Broad Street.]
Par Amount. Period
.
Republic
Ridgewood....
Rutgers’
Safeguard
....
City Railroad Stocks and Bonds.
Gas Companies.
Relief
Resolute
+755,2SG
21X .OCO
100
*
Cooper.
People’s
Phenlx (B’klyn)
Produce Exchange3
....
160.326
204,000
150,000
150,000
100
100
100
50
25
,
...
..
12/07
13,376
172.151
210,000
,
...
10
8
.
... .
July 2. ’77...5
July 2,77... 5 115
JaD. 1,77...4
May 10.’77 3 S 118
Jan.2 74.2SR
Ju y 2.77.. ;
July 2,77...4
May 1,77 ..4 187S
-
*8*'
•
....
*
10
10
(B’klyn)....
National
N. Y. Equitable....
New York Fire
N. Y. & Boston
New York City.,
Nassau
....
•
....
8
6
12
11
3
14
12
S
Mercantile..
Merchants’....
Montauk (B’klyn).
••
•
....
ft#t
2.9 £00 F.&A.
150.200 F.& A.
51 000 J. & J.
73/00 J. & J.
2-6 400 J. & J.
39.000 J.& J.
183, (00 M.&N.
13,800 J. & J.
178.600 J.& J.
445.100 J. & J.
749,(00 M.&N.
85,400 J. & J.
Mech.&Trad’rs’.
Mechanics’(Bklyn)
••
•
•••
....
800,000
200i010
50
25
100
100
25
50
50
50
50
50
37 S
....
+3-9,089
192,(60
200;000
•••
....
2.9,231
200,000
200,000
1,000,000
300,000
30
20
40
50
"**
•
5
300,000
210,000
250,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
.A”*
10 j
••
153^000
1(X
....
....
5
200,000
150,000
500,000
200,000
3,COO, i)00
150,000
500,000
200,000
...
•
•
10,431
200,000
15
50
50
100
25
50
50
i4
108,868 10
411,9S6 20
28,806
816,910 20
200,000
800,000
200,000
....
t
,.f
Ju'y 2. 77...6
Au<.(0,*77..J
July 1,75..8 >4
12
9
5,245
200.000
100
....
....
,
1
.
8
3
4
••
6l“
....
•
M.&N. 100
»
’ll
215
Apr.l. 77...3
7* July 2, 77...S 97
10
May 1,77...5 145
7* Apr.10,77.3K i 13
Feb.l, 74...3
15,V00
1
7
*
May.
*
1,500,000
May 1. 77...5
12
10
8
•
120“
10
10
14
10
3*
77.195 10
200,000
200,000
20
50
25
190
25
17
20
70
100
30
100
50
100
40
10(1
100
30
50
17
10
10
ICO
100
100
50
50
25
100
.
Dividends.
1373 1874 1875 1876 Last Paid.
40,350
50,1(6
7269,828
400.000
100
•
....
«...
•
•
....
6
10
•J. & J. 10
4
J.& J.
4
M.&S.
14
.1.
A
J.
1,849.700
185 200 J. A J. 10
18.300
436,400 J. & J. 12
1,191,400 F.&A 10
7
11.sue J. & J.
68,000 J. & J. 10
9
4<!J, UOl I. & J.
10
1 074.'00 J.A J.
6
81,(00 M.&N.
323 -.00 M.&N. 10
M.&N.
8
234,700
8
916,600 J. & 0.
8
233,700 J. & J.
35.700 J. & J.
7X
991,00i J. & J. 10
8
7,1 O' A.& O.
8
51,200 M.&N.
mi 00 J. & J. 10
97.500 J. & J. 114
78 500
7*
4
118,500 J. & J.
8
93,900 J. & J.
86.700 J. & J.
173,400 J.& J. 12
227/00 Q-F. 12
472,(00 J.& J. 12
l6B,e00 J. & J. 10
196.100 J. & J.
7
3U0.00C
000.00*
100,000
•
Aug. 1,77. ..5
4M July 10,76. .2
•X July 2, 77...3
8
•
1
..
.
...
"ii"
Q—J.
920,600 J. & J.
4'0, 00 M.&N.
628,900 A.A O.
86.200 F.& A.
750,000
3
1
10
100
8
20
900,000 3,172,890
600.000
1S6.00U
1,000,000 1,511.'TO
5,000.01m1 3,270.200
100,000
9,?W
1,250,000 18*1,8)0
1,<>00 000 653.40C
1.000,0(X'
34.IIX
79.(0'
350,000
19.63-!
200,000
63 ,'.,00 Q—J.
150,001
City
....
•
10
8
j
Jan. 1,
1877.*
our
PLUS,
200,000
100
50
100
...
...
»
•
Net
200,000
9
7
12
•
Par Amount,
Ask,
130
U5
10
8
12
•
•I &J.
32/00 M. & S.
142 jOO >. A J.
421,700 J. & J.
214,701 J.A J.
1,000,000 1,238,0(0
Bid.
Last Paid.
1
Capital.
Companies.
un.,1 1976.
Period
8,000.000 1.8:9,200 J. A J.
5.000,000 1,502.610 M. AN.
Bowery
Price.
Dividends.
i’-*
°*
3
America*
American Exch..
Island
«
DO*
f— -x
Marked thus (*)
are not National.
Insurance Stock List.
(Quotations by K. 8. Bailey, broker. 65 Wall street.)
Stock Llat.
Bank
•---**
-
•
,
.
.
Water loan,
do
1869-71
6
7
1866-69.
7
long
Sewerage bonds
Assessment bonds... 1870-71.
105
maturity of bauds.
Improvement bonds
Bergen bonds
1868-69.
7
7
7
January & July.
January & Juiy.
1895
1899-1902
1377-79
Jan., May, .Tulv & v0v.
1891
J. & J. and J & D.
January and Julv.
1905
19(H
do
do
101*
110
101
109
no
105
102X
111
102
110
111
108
ATOUST 11,
THE CHRONICLE
1877.]
3nue0tment0
„
Working expenses
CORPORATION FINANCES.
Total
Net earnings
Per cent of working expenses
Per cent of all expenses..
Investors* Supplement** is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply-regular
subscribers.
(l
?
.
.
The “
A summary
Net earnings
Preferred stock,
Interest
1876-77.
1875-76.
6,( 00
7,000
172.453
3,756
Taxes
Rent of Central tracks
New rails over ordinary wear
AND
STATE, CITY AND
137
162.280
4,624
22,000
10,000
$204,208
$183^905
$106,949
$99,593
,
55 42
65*63
of the income account is
as
follows:
67*21
64*7b
-
$106,949
$700
Mobile A Montgomery R. R. Co
account
6,052
93,576
Dividends, 8per cent..
105,328
ANNUAL REPORTS.
Net balance for year
Profit and loss balance from
Rutland Railroad.
previous
$1,621
98,285
year...
Balance at close of year
$99,906
(For the year ending June 30, 1877.)
There was a large increase in cotton carried, especially in
At the annual meeting of the stockholders, held at Rutland,
through cotton. There was also a large movement of grain, from
Vt., July 26, Hon. John B. Page, President, read the annual exceptional causes, which are not at work at present. A slight
report of the financial condition of the company, which contained decrease in receipts for the current year is expected, but can, it is
the following:
BALANCE
SHEET, JULY
believed, be met by careful economy in expenses, so that dividends
1, 1877.
4,H8,5C0
1,000,000
218,131
, -
Bonds, mortgage, equipment.... ,-...!
Dividend scrip outstanding
Coupons unpaid.
Renta
Bills payable,
will not be decreased.
$2,480,600
Capital stock
Preferred capital stock
3,647
24,000
NEWS.
Baltimore
City Loan.—Proposals for the five million five per
city, to redeem existing six per
250,768
1,500,000 cent loans, were opened this week by the board of finance com¬
missioners.
There were over sixty bids at first, aggregating
$9,650,646
bills receivable, and cash —
Bonds, first mortgage
*..
Total
GENERAL INVESTMENT
..
water
cent
loan of Baltimore
$4,126,200.
Over three millions ot this sum was bid for at a pre¬
1-100 of one per cent to three per cent, and
Addison Railroad stock
;
Subsequently, bids were made for about
Mortgage bonds on hand
232,000 $3,000,000 more at par to 100*41. The certificates of stock, which
Rent due and unpaid
11,500 are being
printed by the American Bank Note Printing Company
Total.
$9,650,646 of New York, will be ready for delivery August 22, when pay¬
V
The rent for the Rutland and leased roads for the year has been ments will be made. The board decided to call in the five mil¬
lion water loan matured in 1875, and they announce in an adver¬
paid, except the rent of the Vermont Valley road, which rent was tisement this
morning that interest will cease on that loan after
paid up to October, 1876, when, by the decree of the United States
Court, we were no longer entitled to receive the same. The August 31, on and after which date the board will be prepared to
redeem the stock at the city register’s office. Some four hundred
receipts for the year ending July, 1877, were :
thousand dollars of this stock is held in the city sinking fund,
For rent of the road
$330,000
For rent of real estate
'.
;..
1,894 which will be canceled by the $600,000 of the new stock taken by
$9,073,120
Construction account
ReaTestate
i.....;
For interest in receivables.
1
The disbursements
on
hand
2,876
$344,480
......;
The President presented and read the modification of the con¬
tract between the Rutland and Addison railroad companies
the lease of the latter road to the Rutland Railroad Company,
for
the
modification being a reduction of the:rent for the Addison road
from 7 per cent upon its capital stock to 3 per cent per annum.
General J. S. Whitney explained to the! stockholders the effect of
the redaction of rent from $35,000 to $15,000 per year.
On the motion of Mr. Gill, the action of the Board in the matter
of the Addison lease was ratified and confirmed.
The President further explained the details of the transaction,
showing that the claim of $102,000 received from the Central
Vermont in the settlement of a year ago was Virtually a cash
benefit to that amount. He also stated that in the suit now pend¬
ing at St. Albans, the interests of this company were being pro¬
bated there, and in case the sale desired by the Central Vermont
managers should be made, it could in no case injure this company
or their future prospects.
Atlanta & West Point.
(For the year ending June |30, 1877.)
The equipment consists of 21 engines; 5 passenger, 4 baggage
and 1 express car; 113 box, 18 stock, 23
platform, 3 coal and 5
caboose cars ; 2 shanty cars.
The general balance Bheet has the following items :
Stock
$1,238,200
Bonds.
88,000
1,975
Unclaimed dividends
Due agents and connecting roads
3,489
Profit and loss
99,906
Total ($17,538 per mile)
Road and equipment ($14,741 per mile)
Bills receivable and balances due
Bond exchange account
........$1,420,550
$1,194,061
.'
Vicksburg & Meridian preferred stock
on
hand
.
freight carried
was as
follows
»
„
.....
99,f97
75,684
.
:
...
....,
' Guaranteed.
£70,272,152
10,185,909
Preference.
£117,704,236
24 070 572
821,610
9,353,513
Total
£262.008,883
£50,779,671
£148,128,321
The following tables show the rates of dividend
these various descriptions of stock:
Rrte of Dividend.
nil (lines not completed)
nil.
Not exceeding 1 rer cent.
1 aud not exceedin 2 2 per cent
do
3
2
do
do
do
4
do
3
do
do
5
do
4
do
do
do
6
5
do
do
do
7
6
do
do
8
7
do
do
do
9
do
8
do
do
10
9
do
do
do
11
do
do
10
do
do
12
11
do
13
do
do
do
12
.
Ordinary.
£3,217,166
35.675,344
12,916,914
4,29b. 158
9,970,812
26.864,038
26,751,213
70.210,846
44.686,124
..
5
6
7
do
do
do
do
do
do
do
3
do
4
do
5
6
7
8
do
do
do
51,412
55,860
87.K85
19,824
1876-77.
-1875-76.
10,692
$99,211
100,344
16.677
7,265
$311,158
$238,498
$58,101
193,481
18,183
£153,220
8,942.162
nil.
nil.
24,770
537,918
680,570
nil.
885,326
184,003
2,000
nil.
i65.oee
nil.
nil. ;
101,180
2,824,234
18,930 686
.
48 363.013
7,319,251
2,8?0.444
1,059,380
3,857.065
80.00J
’
railways, there
nil.
the first charges
are some
which
Debenture
Loans.
Debenture
Stocks.
£ 464,566
nil
—
..
5,000
180,581
5,562
22,739,966
9,569,937
78,2-31,587
62,734,584
212,750
2,702,863
nil
11,200
do
501,855
nil
20,000
of great depression
and passengers in¬
creased, and the amount of net revenue compares favorably with
that of 1875.
The following figures show the general results of
the working of the past as compared with the previous year :
The year 1876 was generally considered one
in business, but the receipts both from goods
Amount received
1875-76. Increase.
paid upon
which receive ..only a very mod-*
will be seen from the subjoined figures:
Receiving no interest.
Not exceeding 1 per cent.
1 and not exceeding 2 per cent
do
do
do
do
do
£490,916,875
5,478,233
1,276,381
21.294,782
106,814,656
3,128,530
22i,3fil
297,500
64,0(4)
229,340
-
2
3
4
63,871,37822,915,570
£43,690
Of debenture loans and stocks, which form
erate return, as
Total.
£404,183,932,
Guaranteed. Preference.
21,050,549
upon the tolls and profits of the
receive no dividend, and others
carried
Goods traffic
Miscellaneous receipts
Total receipt* from all sources.
....
Working expeudituro
receipts
Net
Rate per
cent
Proportion of net receipts to paid up
Miles open ... ..
Cost per mile open
Passengers
Freight..
Total
29,560,892
16,240,447
3.432
43,890
The earnings were as follows:
Express and mail
Government transportation
Scotland
Ire and
Number of passeng( rs
:
1676-77.
Bales cotton
Total tonnage of freight.
Ordinary.
England*Wales. £216,207,544
9,853
$1,420,570
The
Department of the British Board of Trade for 1876
figures given below. The following shows the pro¬
portion in which the paid-up capital is made up of preference,
guaranteed and ordinary stock:
169,327
■
...
Railways in 1876 and 1875.—The annual report of
the Railway
contains the
were :
Total
Cash
British
$344,480
For coupons paid
i
..'
$-5,000
For coupons paid on mortgage bonds...."
.V........ ..... 101,840
For interest account
I
25,335
For bonds paid Rutland and Burlington first mortgage
3,100
For rents paid on leased roads ..L...1
..
•
77,' 00
For legal services paid during the year
^...........;.
3,489
For salaries of President, Treasurer and clerks
9,600
i
For advertising, postage, stationery, telegraphing and official expenses
738
For floating debt, paid..,.
45,<00
Balance, cash
the finance commissioners.
12,586
,.
....I......:..
Total
mium ranging from
the balance at par.
115,925
218,100
••*,••••
capital...
1876.
1875.
538,287,295
506,975,234
,
£26,168,151
33.754,817
£25,714,681
33,288,072
2,297,907
62,215,775
2,264,247
61,237.000
33,535,509
28,6S0,266
33,220,728
28,016,272
4*88
4*45
16.872
£39,012
16,658
£37,883
Chicago Burlington & (Jnlncy.—Mr. John N. Denison, Boagives notice that under the contracts (usually known as
traffic guarantees) the sums named below have accumulated and
will be applied to the purchase of the bonds of the respective
companies at a price not above par and accrued interest:
ton,
138
THE
CHRONICLE.
Keokuk & St. Paul, amount applicable to purchase of bonds,
$343,709; Carthage & Burlington, amount applicable, $367,911;
Dixon Peoria & Hannibal, amount applicable, $221,908.
I*
were
there
[VOL. XXV.
issued under the election of December, 1868, and therefore
was due notice to the purchaser.
These bonds are not
voidable, but void.
This decision applies not merely to this
but to a large class of bonds issued under similar laws
cane,
Chicago & Iowa.—This is one of tlie Chicago Burlington & passed by the Legislature ‘curative’ of previously notorious
filed at illegalities. Though these bonds have been issued some years,
Chicago in the United States Circuit Court by John N. Denison the question has not been raised regarding them until now,
and John W. Brooks, of Boston, Mass., to foreclose the second
though the same point has long since been decided in other
mortgage. The company was incorporated in November, 1869, cases.”
the road to run from Aurora, Kane County, Ill., through Rochelle
to Forreston, and to the intersection of the track of the Illinois
Pennsylvania Railroad’s Dividends.—The Pennsylvania
•Central Company in Ogle County. There are now outstanding Railroad Company have declared three stock dividends, as fol¬
1,160 bonds of the new or second issue, aggregating $1,150,000, lows : May, 1864, 30 per centum ; May 1805, 5 per centum ; May,
and default has been made iu the payment of the interest due 1868, 5 per centum; being a total of 40 per centum.
Since 1855
the cash dividends of the company have averaged over 8 per
July 1,1S77. William II. Holcomb, the company’s treasurer, was
appointed Receiver, Aug. 3, by Judge Blodgett, under a bond of centum .per annum, in addition to the above. It is fairly to bo
inferred that these large dividends were all earned before they
$50,000.
were made and paid, because if they had not been, the directors
Chicago Milwaukee & St. Paul.—At a meeting of the holders have assumed a grave responsibility, as the tenth section of the c
of the debts secured by the two mortgages made to Russell Sage charter
expressly, declares that “ a dividend shall in no case
and N. A. Cowdrey, of February, 1870, and 1871, by the St. Paul exceed the amount of the net
profits actually acquired by the
Railway Company, the trustees, Sage and Cowdrey, were company, so that
the capital stock shall never be impaired there¬
removed, and the Farmers’ Loan & Trust Company substituted.
by ; and if the said directors shall make any dividends which
County Bonds Not Void by Consolidation of the Railroad shall impair the capital stock of the company, the directors con¬
authorized to Receive Them.—The United States Supreme senting thereto shall be liable, in their individual capacities, to
Court has decided the case of County of Scotland, plaintiff in the said company for the amount of the capital stock so divided,
error, vs. Joseph T. Thomas, taken up from the Circuit Court for
recoverable by action in debt, as in other cases ; and each director
Eastern District of Missouri.
This action was brought by plain
present when such dividend shall be declared shall be considered
tiff below (the defendant in error) to recover the amount of as assenting thereto, unless he forthwith enters his protest on
certain interest coupons attached to certain bonds issued by the the minutes of the board and give public notice to the stock¬
order of the County Court of Scotland County, Mo. (the defendant holders of the declaring of such dividend.”—Philadelphia
below), on behalf of the county, to pay a subscription to the Ledger.
stock of the Missouri Iowa & Nebraska Railway Company. Dis¬
Philadelphia Wilmington & Baltimore—(Jueen Anne’s &
posing of the objection to the authority for voting the bonds, Kent.—The
controlling interest in the Queen Anne’s & Kent
which was decided against the county, the Court passes on the
Railway
has
been purchased by the Philadelphia Wilmington &
other objection—that the railroad had been consolidated with
other companies, becoming the Missouri Iowa & Nebraska, as Baltimore Railroad. The stock purchased comprised the 52 per
follows : “ The specific question in the present case, therefore, is cent of the whole, for which the Philadelphia Wilmington &
whether the authority given to counties and towns iu 1857 to Baltimore Railroad has given its notes for $60,000, to be paid in
of five.and ten thousand dollars.
The Queen Anne’s
subscribe to the capital stock of the Alexandria & Bloomfield instalments
& Kent Railroad runs twenty-six miles, from Centreville, Queen
Railroad Company has become extinguished by the subsequent
consolidation of that company with other companies, irrespective Anne’s County, to Massey’s Station, on the Townsend branch of
of the constitutional provision referred to.
The Constitution the Delaware Railroad.
does not itself, as we have seen, interfere with authority given
Portland & Ogdensburg.—A bill in equity for tlie appoint¬
previous to its adoption. That simple consolidation with another ment of receivers of the Maine company has been filed in the
company does not extinguish the power of the counties to sub¬ Circuit Court at Portland, Maine, by the first mortgage bond¬
scribe, or the privilege of the company to receive subscriptions, holders, one of the trustees under the consolidated mortgage
was decided in the case of the State vs.
Greene County (54 Mo.,
joining in the application.
540). After an extended view of the authorities on the above
St. Louis Iron Mountain & Southern.—A dispatch from St.
point, the judgment is affirmed, Mr. Justice Field taking no part
Louis,
Mo., August 9, says: “ The attorneys for the Union Trust
in the decision, and Mr. Justice Miller dissenting.
Mr. Justice
Company
of New York to-day dismissed without prejudice, in
Bradley delivered the opinion.”
the United States Circuit Court, the suit which has been standing
Geoigia’s Unrecognized Debt.—A press dispatch from there some months against the St. Louis Iron Mountain & South¬
Atlanta, Ga, August 9, says: “In convention, to-day, upon the ern Railroad, and filed a new bill asking for the foreclosure of
repudiation section, Governor Jenkins spoke in favor of remitting the mortgage and the appointment of a receiver for the road.
the claims upon the State to adjudication by the Supreme Court
.The new bill is based upon the same general grounds as the old
of the State.
He favored a fair legal investigation and a judicial
one, the default of interest on bonds.”
determination of the rights of the alleged bogus bondholders.
General Toombs championed repudiation, saying that the State
St. Louis Lawrence & Western.—The equipment of this road
was sold at
was not bound for a single dollar appropriated under the recon¬
Lawrence, Kansas, July 23, by tlie United States
struction government; that it was an usurpation by the aid of the Marshal, for $7,100.
bayonet, and the world had notice that the acts of the de facto
Springfield. & Northwestern.—In the United States Circuit
officers were without the consent or authority of the people of
Court at Springfield, Ill., August 1, a decree of sale of this road,
Georgia. The section declaring the bonds illegal, null and void, to
satisfy the claims of the bondholders, was ordered to be
and prohibiting the Legislature from paying them, directly or
entered.
indirectly, was adopted by a vote of 166 to 16. The proceeds of
the sales of tlie State railroads are to be set apart to extinguish
Toledo Peoria & Warsaw.—The report of A. L. Hopkins,
the indebtedness of the State on their account.
A sinking fund receiver, for the months of June and July, has the following:
of $100,000 per annum to purchase the bonds of the State for the
RECEIPTS.
June 2, cash on hand
$15,940
purpose of retiring them is established.”
Quincy “traffic guarantee” roads, and a bill has been
More
Repudiated Town Bonds in Illinois —The Supreme
Court of Illinois has decided that certain bonds issued by the
town of Lacon, in that State, as a subscription to the capital stcck
of a railroad company some years ago, were illegally issued, and
The facts of the case are thus stated by the
are therefore void.
Chicago Tribune : “ On December 22, 1868, an election was held
in the town of Lacon, Marshall County, at which a majority of
the votes cast were in favor of a subscription by the town of
$60,000 to the capital stock of the Hamilton, Lacon & Eastern
Railroad Company. At the time the election was called and held
no law was in force which authorized the election or conferred
power upon the town to vote upon the question, or in any man¬
ner to become a stockholder in the railroad company.
On March
Amounts rece ved from
Amounts leceived from
i
local freights, .June business
local freights, July business
119,399
106,5:80
$241,620
Total
EXPENDITURES.
Amounts
Amounts
Cash
on
$12P,06?
paid on local freight account for June
paid on local freight account for July
114,466
1,091
hand
Total
$241,620
!
Virginia State Debt.—In view of the political discussion in
regard to unsettling the last arrangement made with the State’s
bondholders, a statement of the debt up to 1st July, 1877, has
been furnished from the auditor’s office in Richmond to the State
The different items of
the debt
are as
follows
:
5,1869, the Legislature of Illinois passed an act which declared
this election ‘hereby legalized and made binding and valid, not¬
withstanding there was no law existing, at the time said elec¬
tion was held, authorizing the people of said township to
for taxes known as “ Peelers*’
9,175,110
vote for subscription to the capital stock of said company.’
3,198,522
This act further provided that the Supervisor make a valid and Arrears of interest on debt, including July 1, 1S77
1,146,429
Coupons due and outstanding
binding subscription, and issue bonds, &c.
The Supervisor Bonds belonging to the literary fund (provision is made for the
payment of interest on these bonds at maturity)
1,428,245
accordingly subscribed $60,000, and in due time (in March, 1871,)
62,(87
the Supervisor and clerk issued and delivered the 60 bonds, Interest paid on bonds held by schools and colleges
The Auditor shows*that the additional interest to be raised by
each for $1,000, bearing 10 per cent interest.
The Court held,
taxation is in round numbers $540,000, and adds : “ A saving has
as it lixd held in previous cast s, that the Legislature had no
power under the Constitution to pass a law rendering the election already been effected in legislative expenses of at least $100,000
and subscription valid, as the effect would be to compel a muni¬ per annum.
Criminal expenses can be brought down another
cipal corporation to incur a debt for purely a local muiicipal hundred thousand, and thus leave only $340,000 as the necessary
purpose; and that the Legislature could rot au horizi a Super¬ added revenue. Yet we are to throw away the very springs of
visor and Town Clerk to create a corporate debt without the our prosperity and existence to save a sum which is less than ten
consent of the people expressed at the polls, as the right to cents on the hundred dollars on the taxable property of the State
impose taxes or to create a corporate debt is not incident to their —one dollar for every man who has a thousand dollars of propfunding bill, exclusive of the sinking
literary boatd
$29,412,126
Of this there are bonds with coupons receivable for taxes, and
capable of being converted into such bonds
20,237,015
Unfunded bonds and funded bonds with coupons not receivable
Total debt assumed under the
fund and bonds held by the
...
powers.
The bends in this case lecited on their face that they erty.”
August
THE CHRONICLE
11, 1877.J
139
OOTTON.
&!jc Commercial Cimes,
Friday. P. M., August 10, 1877.
The Movement of the Crop, as indicated by our
telegrams
from the South to-night, is given below.
For the week endine
this evening (Aug. 10), the total
COM MERC 1AL EPITOME.
Friday
There is considerable
activity in trade circles, and some further
has been made in opening business for the autumn
progress
season.
receipts have reached 2,102
bales, against 2,691 bales last week, 3,299 bales the previous
week, and 3,876 bales three weeks since, making the total receipts
since the 1st of September, 1876, 3,960,930
bales, against 4,092,594
bales for the same period of 1875-6,
showing a decrease since
Sept. 1, 1876, of 131,664 bales. The details of the receipts for
this week (as per telegraph) and for the
corresponding weeks of
five previous years are as follows :
Night, August 10, 1877.
Crop prospects continue exceptionally good, and stfong
hopes of better times are based upon the increased yield and
quality of the leading staples of agriculture, already
secured or strongly promised.
There is not much spirit to
excellent
Receipts this week at—
speculation, and values are but little disturbed by that cause ;
hence there is an increasing confidence in their stability.
The
growing out of the recent railroad strikes are not yet
wholly ended, but are not felt beyond a few localities.
Pork has been steadily declining, and to-day there was a good
business on the spot—$14 for mess and $10 25 for extra prime ;
and for Sept, delivery, mess sold at $13 85.
Lard has declined
to $9@$9 10 for prime Western on the spot, with sales at $9 05
@$9 10 for September, $9 10@$9 15 for October, aud $8 80@
$8 82£ for all the year. Bacon has also yielded a fraction, and
Western long clear sold to-day at 7fc. Cut meats maintain the
late advance very well; they are scarce. Beef and beef hams
remain nearly nominal. Butter has been in excessive supply ; is
lower at 16@24c. for good to prime lots.
The same is true of
cheese, and State factories are down to 8@10|-c. Tallow closes
quiet at 8£c. for prime. The export trade is checked by the ad¬
vance in ocean freights.
Stearine has ruled dull at 10Jc. for
prime. The “summer packing” of hog products continues to
The foreign
show an increase of about 15 cent over last season,
exports of hog products, from Oct. 29 to Aug 4, for the last two
New Orleans
troubles
crop seasons
compare as
follows
Pork.lbs
Lard, lbs
Bacon, lbs
Total, lbs.
Charleston
Port
1376-7.
806,577,730
350,959,931
53,382,201
488,008,802
589,609,261
101,510,459
814
62
117
156
45S
239
599
99
466
203
613
233
317
Indianola. &c
-
232
•
•
•
443
•
...
189
156
119
1,66j
City Point, &c
26
23
2,102
5,871
Total this week
55
216
23S
168
13
27
1812.
'
1,566
232
420
24
,53"<t
134
1^1,089
213
KtK
153
2,487
221
.
j
5
North Carolina
Norfolk
tV
f
545
1
461
954
2
7
41
86
259
19
147
1,056
2,660
178
7
23
3
4,081
10,581
1,178
....
1,541
•
•
•
1
»
Total since Sept. 1.... 3,960,930 4,092,594 3,477,278 3,802,018 3,597,739 2,712,009
The exports for the week ending this evening reach a total of
3,514 bales, of which 2,566 were to Great Britain, none to
France, and 948 to rest of the Continent, while the stocks as
made up this evening are now 149,612 bales.
Below are the
stocks and exports for the week, and also for the
corresponding
week of last
season:
Exported to
Increase.
38,387,253
233
222
Galveston
Florida
1873.
1,513
..
Tennessee, <fcc
1874.
80
Savannah
Week
47,375,200
181,771,130
38.131,200
143,386,872
Royal, &c.
1875.
18:6,
760
Mobile
:
1875-6.
1877.
ending
Great
Aug 10.
9,741,000
Britain.
New Orleans*...,
1.458
France
Conti¬
....
Total
Same
this
week
week.
nent.
:
1876.
1,453
....
Stock.
1876.
25,473
3,568
34,428
.
9,459
Mobile
Charleston
1877.
4,089
2,988
2,C09
Kentucky tobacco has been more active, and sales for Savannah
4
43
43
529
1,595
the week amount to 800 hlid3., of which 100 for consumption and Galvestont
4,169
2,018
700 for export. Prices are firm at 3£@5|c. for lugs and G£@16c. New York
S05
6,524 86,815 91,110
1,730
,
835
110
2,004
Seed leaf has also been in good request, the sales for Norfolk.
for leaf.
1,149
Other ports}:
283
228
233
23,000 21,000
the week aggregating 1,065 cases, as follows : 200 cases sundries
Total this week..
948
2,566
16,32a 149,612 156,632
3,514
at 4, 18 and 20c.; 200 cases New England, 1876 crop, at 5@6c. for
Total since Sept. 1 2,130,770 459,585 432,832 3,023,187 3,208,239’
fillers and 9@llc. for seconds ; 225 cases, 1875 crop, New England
Our telegram to-night troin^ew Orleans snows lhatqoeBldeg
10, 12, 16, 22£, 25, 30, 35c.; 265 cases, 1876 crop, New England,
above exports) the amount of cotton on shipboard and engaged for shipment at
5@161c.; 137 cases, 1875 crop, Pennsylvania, private terms ; 38 that port is as follows: For Liverpool,
100 hales; for Havre, no bates; for
Continent, no bales; for coastwise ports.no bales; which, if deducted from
cases, 1875 crop, Wisconsin, 7c.
Spanish tobacco was in good the
the stock, would leave 25,373 bales,
representing
the quantity at the landing and in
demand, and the sales are 850 bales Havana at 65c., 70e. and $1 10. presses unsold or awaiting orders.
t
Galveston.—Our Galveston telegram shows (besides above exports) on ship¬
The business in Rio coffees has been very moderate, but hold
board at that
not cleared: For Liverpool, no bales; for other foreien,
ers have retained steady prices :
fair to prime cargoes, 19(a20£c. no bales; for port,
coastwise ports.no bales; which, if deducted from the stock,
would leave remaining 4,169 bales.
gold ; jobbing lots, 16f g!2Uc., gold. Stock here on the 8th iusi*,
t The exports this week under the head of “other ports” include from Boston,
87,022 bags. Mild grades are steady and quiet: 7,062 mats Java 2:3 hales to Liverpool.
sold recently, before arrival, on private terms.
Rice sells in the
From the foregoing statement it will be seen that, compared
usual jobbing way.
Molasses has remained very dull, and prices with the corresponding week of last season, there is a decrease
are easier
and nominal; 50-test Cuba refining, 38c.
Refined in the
exports this week of 12,811 bales, while the stocks to-ni^ht
sugars Lave steadily declined, with little doing; standard are 7,020 bales less than
they were at this time a year ago.”
crushed, 11c. Raw grades also are dull aud barely steady ; fair The following is our usual table showing the movement of cotton
to good refining, 8f@8fc.
at all the ports from Sept. 1 to
Aug. 3, the latest mail dates:
Hhds.
Boxes.
Melado.
Basra.
Trade in
....
....
...
....
....
r
Receipts since August 1, 1877
Sales since August 1, 1877
Stock August 8, 1877
Stock August 10, 1876
The market for ocean
advanced rates; berth room
3,405
3,905
'. 1*21,253
64,853
663
31
25,561
44,643
41,931
47,086
263.3 7
87,474
RECEIPTS
freights has been fairly active at
has been in limited supply, and at
one time grain to Liverpool, by steam, touched 9d. per bushel.
Charters are firmly quoted.
Late engagements and charters
include : Grain to Liverpool, by steam, 8d.; tobacco, 30s.; bacon,
40s.; cheese, 50@55s.; flour to London, by sail, 2s. Gd.; grain to
Bristol, by steam, 8|d.; do. to Glasgow, by steam, 5d.; do. to
Cork for orders, 5s. i0£d.@6s.; do. to Bristol, 5s. 3d. percir.; do. to
Naples, os. 7|-d.@5s. 9d.; do. to Leghorn, 5s. 9d.; do. to the Baltic,
6s. 3d.; do. to Lisbon, 17c. gold per bushel; refined petroleum to
the Baltic, 6s.; do. and naphtha to the United Kingdom, 4s. 6d. ;
naphtha to French ports, 4s. 7^d.; crude do. Jo Havre or Antwerp,
4s. 6d.; cases to Arabia, 70c. gold. To day, rates were steady and
business moderate. Grain to Liverpool, by steam, 8£d.; flour, by
sail, to London, 2s. 6d.; grain to Avon—month, by steam, 9@94d.;
do. to Cork for orders, 5s. 10£d.(a)6s. ; do. to Naples or Leghorn,
6s.; barley to Cork for orders, 7s.; refined petroleum to the
Baltic, 5s. 3d. ; do. to Bremen, October 1 clearance, 4s. 3d.; do.
in cases to Messina, 25c. gold;'
In spirits turpentine there has been a sharp advance, owing to
small stocks, closing quiet at 34c.
.Rosins, however, have been
quiet, though steady at $1 75@$1 85 for common to good strained.
Petroleum lias been quiet, but remains steady in sympathy with
the creek advices ; crude, in bulk, 87£c.; and refined, iu bbls., 13£
@13|c. In steel rails we note a sale of 4,000 tons, deliverable in
Chicago at $47 50. Ingot copper lower, with 300,000 lbs. sold at
18f@18je. In hides there was a better business at steady prices ;
the sales included 11,000 dry Rio Grande and 4,000 Texas.
Whiskey closed dull at $1 12, tax paid.
EXPORTED SINCE SSPT.
1
TO —
....
2,317
3,044
PORTS.
SINCE SEPT.
1876.
1.
1875.
Great
Britain
Other
France
forei’n
Coastwise
Total.
Stock
Ports.
1,179,561 1,396,029 689,166 331,076 179,887 1200,120 185,0.0
357,389 370.1-23 143,613 25,163 44,922 218,703 143,452
412,326 221,616 50,67y 72,801 345,096 103,7C0
Charlest’n * 470,501
Savannah.. 476,631 516,194 233,515 14,742 50,202 298,459 145,345
501,410 477,419 206,766 24,774 25,412 256,952 248.02^
Galveston*.
New York..
121,170 198,190 379,113
9,033 30,763 418,919
Florida
20,331
20,381
12,072
36,474
N. Carolina
2,511 10,606
92,021
129,236 102,435 23,357
Norfolk*
552,349 490,137 109,692
1,602 1,221 112,515 441,965
Other ports
116,361
16,065 132,426
111,765
150,200
4,500
22,500
2128,204 459,585 431,884 3019,673 1384,943
163,513
N. Orleans.
Mobile
....
....
...
....
..
....
Tot. this yr. 3,958,828
Tot. last
*
vr.
..
...
uuuer lue ueau o£
4,0 36,723 2045,942 449.051
...
696,921*3191,914;
o/tariww/t ib muiuucu rui t
Galveston is Included Incliauoia, &c.;
1338,013
uuuci
tuo
28,750
3,559
3,044
1,698
5,012
93,579
....
841
181,138
uc»u vi
under the head of yvrfolt is Included City
Point, «fec.
correspond precisely with the total of
telegraphic figures, because in preparing them it is always
Decessary to incorporate every correction made at the ports.
There was a rapid decline in prices of cotton on the spot fer
These mail returns do not
the
the first half of the week, until on
had receded to ll|c.
Thereupon a
Tuesday middling uplands
better demand from home
spinners prevailed, with whom, on Wednesday, a pretty fair
business was reported, causing a firmer tone, but no quotable
recovery in values.
The decline early in the week was due in
all points unfavorable to holders,, though
than on previous occasions, when prices did
materially; but speculators as well as regular
part to advices from
probably not more so
not
give way
140
THE CHRONICLE
receivers were also inclined to close up accounts for
and sell at best prices to be realized.
To-day, the
*
the season,
market was
steady, but only a moderate business done, and wholly for home
consumption. For future delivery there was in the course of the
first half of the week a decline of from 23 to 39 points, but some re¬
action set in towards the close of Tuesday, which on Wednesday
resulted in a recovery of 9 to lii points from the lowest figures.
But it was apparent that the demand was merely to cover contracts that had been put out at higher figures, and this accom¬
plished, prices relapsed again yesterday, under dull and weak
foreign advices. To-day, the market was firmer on stronger
accounts from Liverpool, but the third call was omitted, and
business nearly suspended soon after 1 o’clock, owing to an
accident in which one of the lads employed about the
Exchange
lost his life.
The total sales for forward
delivery for the week are 205,200
bales, including — free on board. For immediate delivery the total
sales foot up this week 5,323 bales, including 530 for export,
4,764 for consumption, 34 for speculation, and
in transit.
Of the above, 1,200 bales were to arrive.
The following tables
show the official quotations and sales for each day of the past week:
UPLANDS.
New Classification.
ALABAMA.
TEXAS.
Ordinary
* ft. 10%
Ordinary
Ordinary
io%
Strict Good Ord’ry. n X
10%
l;-%
10%
1"X
11%
10%
’■0%
11
11 3-16
Low Middling
11 5-16
Strict Low Mlddl’g
Middling
Good Middling
r.%
11 9-16
!!1i-i6
11 15-16
Fair
12 3-16
12 9-16
13 5-16
’•0%
:0%
10%
10%
10%
10%
1
10%
11 5-16
ll
11 M6
11
n%
11 7-16
11%
11%
11%
11%
11 11-16 11
11 13-16 11 15-16 11
12 1-16 12 3-.6 !2
12 7-16 12 9-16 !2
13 3-16 13 5-16 !3
9-16
'.0%
10%
%
11 5-16
u%
13-16 11 11-16 11
1-16 11 15-16 12
8-16 12 3-16 12
11-16 12 9-1H 12
7-16 18 5-16 13
11
13-16 12
1-16 12
7-16 12
3-16 18
Mlddl’g
Middling
Good Middling
Strict Good Mlddl’g
Middling Fair
Fair
11 1-16
11 1-16
11%
11 7-16
11 5-16
11 5-16
11 5-16
11 5-16
11 7-16
ll 7-16
n%
11%
r.%
11%
!i*
!}*
11%
U%
11%
11%
11%
12
12
12%
12%
13%
13%
12%
13%
12%
13%
12%
12%
13%
12%
13%
$ ft.
8trlct Ordinary
Good Ordinary
Strict Good Ord’ry.
Low Middling
Strict Low Mlddl’g
Middling
10
10
10
0
!-*«
7-16
11-16
15-16
11%
11 5-16
11*
Good Middling
ll^W
Strict Gocd Middl’g 12
.
Middling Fair...... 12%
Fair...,
....
13%
..
10 1-16
10 7-16
10 11-16
10 15- 6
il%
!1 5-16
10
10
10
10
1-16 ;u 1-16
7-16 i'i 7-:6
11-16 10 11-16
15-16 .0 15-16
11%
11%
11 5-16
11 5-16
10 3-16
10 9-16
10 13-16
11 1-16
11%
11 7-16
l>%
11%
:i%
11%
11%
lt%
l‘%
r%
12
12
12
12%
13%
12%
12%
13%
12%
12%
>1%
12%
12%
3%
13%
13%
10
10
10
11
10
10
13-16 10
1-16 11
9-16
The
•‘.'8
86
*25
mu
ll*C8
it*;i
11-12
11-13
11*14
...15*15
11-16
....ll- ?o
11-21
IDS
200
100
500
100
JiOO
.11-10
1115
11-16
11*17
l*:3
For
800
January.
10"s8
10%
10 I’-I6
Middling
:l 3-16
10 9-16
ll 1-16
following exchanges have been made during the week:
«>
The following will show the closing market
future delivery, at the several dates named :
Frl.
Market closed
11-18
11-35
11-18
11-J3
ll*C5
11-18
11 27
11-41
11*56
11-23
11*13
11*15
11-28
11-41
11-54
September
..
11-47
11-32
11-07
10-97
1U-99
11-10
11-24
11 40
11-20
10*95
16-85
10-S7
11*00
11-12
105%
105%
105%
1*15%
105%
105%
106%
4"r3
453
4 83
4 VS
4-88
4*83
4*c3
as
•
•
11-34
.....
•
-
The continental stocks
Ex¬
port.
Saturday.. Weak, lower
Monday
Quiet, lower
Dull, lower....
Tueaday
Wednesday lrm, unchanced.
Easy, unchanged.
Quiet, unchanged
ConSpecsump. ulat’D
Stock at
Liverpool
12%
13%
Total Great Britain stock
Stock at Havre...
Stock at Marseilles
10
1C
10
11
3-16
9-16
13-16
1-16
Stock at Hamburg
.
593
521
COS
...
.
...
*•
USES::
Total...
’530
For forward
•
•
•
Stock at Antwerp
2%
12%
Stock at other continental
13%
ports..
Total continental ports
'0%
11
India cotton afloat for Europe....
American cotton afloat for Europe
Egypt, Brazil, &c.,afloat for E’rope
"is
1,140
34
4,761
924,000
96,250
951,000
221,750
7,000
64,000
14,000
1,020,250
180,000
13,2:0
913,000
162,000
6,300
82,000
11.500
58.500
61,000
15,230
17.250
20.250
455,300
431,250
393,09')
475.750
1,409,500
294,000
1,347,250
1,41^260
1,475,500
421,COO
518,000
58,000
92,000
22,000
158,632
17,687
50,009
29,0C0
105,839
8,183
1,009
135,046
20,810
1,0C0
2,056,5C9
2,125,297
2,240,356
■‘300
3UU
149,812
11,148
4,000
For August.
bale*.
ct*.
310......
:oo
100
11-28
11-29
1,100
400
1.E00
.
!,<C0
....11-30
U-31
...11-32
11-33
31 0.....
1,100
500
300
yo
900
200
£03
100
600
1135
..
1,300
500
200
£00
.11-16
.11*17
.11*13
1.400
2,4 0
8/00
3,600
2.700
3.S00
1.700
14/00
7.800
10.600
8,100
11-51
.
...11-53
11-54
......11*55
lr56
...
11-70
&.1U0 total Aug.
.11-15
5,600
700
100
sou
600
100
£00
600
600
700.
1,000
1,900
3,700
3,000
4,ICO
1,200
1,800
.11-12
ll-'3
/es.
2UO
800
10J
9.400
4.500
1.209
..
lfO
FO0
200
too
200
"
September.
205,200
free
5.700
*’,310...
1/00
6O1
1.700
7 0
1.300
60'
1/00
3,10 >
5/00
1.210
1,110
3(X)
809
200
WO
cts.
,li*i»
11-70
.11-21
.11-22
.11*23
.11-24
.11-25
.11*6
.11-27
.11*78
.11-29
.11-30
.11-31
.11-32
.11-38
.11-31
.11-35
•1-36
.11-37
.11-38
11*39
11-40
11 41
cts.
....11-51
...J 1*52
11*54
....11-55
....11-56
TOO
200
300
100
....11-58
....11-50
on
000
board)
For October.
10*90
100..
100..
0-91
200..
10-90
1,000
500..
10-94
1*198
800..
*0-97
5110..
200..
16-99
1 -oo
600..
9* 0..
11-01
11-02
1,600..
U\3
1.100..
li-ri
*2.200..
U-U5
1,10)..
600.
11
07
1/00..
11- »S
1,100..
100..
11-09
11-10
4/00
11-11
1,71*0 .
11-12
1,100
2 0
400..
11*14
11-16
00..
li-17
2.000..
90’..
600..
.
.11*44
.11-46
.11 18
11-49
.11-50
..
...
.
.1*43
balps.
300
cts.
. ...
400
400
11-U)
,...11-22
200....
...11-24
,...11*27
11-28
,...11-33
200
201
100
soo
..
23,500 total Oct.
113,200 total Sept.
.baies.l, 941,260
Of the above, the totals of American
For November.
100
,...10-79
too
,...10-30
101
600
...1U-83
101
....10-4
20U
100...
....10 86
MU
....
500../
100
....10-92
...10-93
I/**1
1-00
100
700
...I* "9f>
1.100
2/00
....10 97
M»1
1/00
1.50
....10-9)
,
....mo
j
1,20
100.
200
200
....11-1*4
....11*06
1,000
CO’1
200
UK)
112.750
-
.
Continental stocks
American afloat-to
.
Europe
United States expoits
-Vi?
86.750
25.750
13,000
■
37,000
508,000
51,000
49,000
and other descriptions are ss follow*:
.
.
492,000
58,000
149,612
11,148
92,000
156,6S2
17,687
325,000
518,000
192,000
50,000
105,859
8,1:8
1,000
371,000
263,000
51,000
135,046
20,810
1,000
4,000
...
bales. 1,182,260
1,083,319
875,047
811,856
406,000
96,250
201,000
516,000
co-day
Total American
593,001
366,500
East Indian, Brazils dbc.—
Liverpool stock
.
325,000
381,000
London stock
.
36,0(0
40,000
89,000
109,250
421,000
Continental stocks
518.000
508,000
29,000
49,000
759,000
.1.182,260
973,250
1,083,319
1,250,250
875,047
1,398,500
841,856
bale s.1,941,260
2,056,509
2,125,297
6 3-16d.
7%d.
2,240,8568%@6%d.
.
Egypt, Brazil, <fcc., afloat
.
Total East
Iidia, <fcc
Total American
Total visible
294,000
15,000
.
..
supply
112,750
212,750
22,000
India afloat for Europe
Price Mid. Uplands. Liverpool..
.
6d.
These figures indicate a decrease in the cotton in sight to-night
of 115,309 bales as compared with the same date of 1876, a,
decrease of 184,037 bales as compared with the corresponding
date of 1875, and a decrease of 299,096 bales as compared
with 1874.
2g§T Through a clerical error, the visible supply comparison
given in our last issue was made with the wrong years. Had i^
been correctly made, last week’s statement would have shown a
decrease in the cotton in sight of 129,412 bales, as compared with
the same date of 1876, a decrease of 202,719 bales as compared
with the corresponding date of 1875, and a decrease of 203,669
ba’es as compared with 1874.
At the Interior Ports the movement—that is
and
15,400 total Nov.
7,500
81,000
11.750
41.750
41,000
11,000
4,000
15,000
999.750
156.750
15.750
73,250
21,500
46,000
American—
United States interior stocks....
have reached during the week 205,200 bales (all middling or on
the basis of middling), and the following is a statement of the
sales and prices:
For
bales.
100
100
900
.
United States stock
19,800
15,COO
Stock in U. S. interior ports
Liverpool stock
34.«C0
41.600
40,500
39, 00
28,800
5,328
delivery, the sales (including
Deliv¬
eries.
Sales.
1.155
1,342
1,084
812
887,000
873,000
40,000
Stock in United States ports
Total visible supply..
FUTURES.
618
521
60 *
t
1,0^4
530
.
19
the figures
918,000
36,010
73,250
43,750
10,750
7,750
Stock at Bremen
United States exports to-day......
Tran¬
Total.
sit.
by cable and
are
Stock at London
*
Closed.
*
of last Saturday, but the totals for Great Britain and 'he afloat
for the Continent are this week’s returns, and consequently
11%
11%
SALKS OF SPOT AND TRANSIT.
•
11%
11%
MARKET AND SALES.
Spot Market
•
•
11-50
Supply OF COTTON,as made up
follows.
11%
u%
12%
’%%
13%
’. 1
11-45
M. her.
11*53
11-32
11-04
14-94
10-97
11-10
11-26
11*42
11-54
11-55
11-40
8tock at Rotterdam
10%
lower.
11-42
11*2 »
10-99
10-38
10 90
ll 02
1115
ll 33
ll-.’O
11 7-16
11
Quiet,
11-50
The Visible
telegraph, is
Higher.
11-31
Fri.
Quiet,
1116
11*75
..
11*46
11 S3
11-19
10 97
1C-98
Thnrs.
1124
11-33
•
.
..
Wed.
Tues.
Lower. Irregular. Lower.
lower.
11-69
October
November...
December
Mon.
Bat.
St^aly,
ill-,,
10%
and prices bid for
MIDDLING UPLANDS—AM B RIGA N CLASSIFICATION.
Stock at Amsterdam
11
3.300total March.
11*22
12%
3-16
9- 6
13-16
1-16
10%
11-41
11-45
11%
9 11-16 9 11-16 9 11-16 9 11-16
0 5-16 10 n-16 10 5-16 10 5-16
9%
ilO*
ll-4ii
100
300.
400
February.
pd. to exch. !.C(X) Oct. for gent.
pd to exch. 20 • De i. for Sept.
pd. to exch. 500 Oct. for Sept.
Total European stocks
!
l’-'iQ
1,610
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Aug. 10), we add the item of exports
from the United States, including in it the exports of Friday
only:
1874.
1875.
1877.
1876.
Sat. !Mon. Tues Wed Th.
FrI.
Aug. 4j vug. 6 AUg. 7 Aug. 8 Aug. 9 Aug 10
9%
For March.
400
11-81
100
1U85
2(0
...11-87
200
11-39
.
stained.
Good Ordinary
Strict Good Ordinary.
Low Middling.....
700 total Feb.
4,200 total Jan.
For
100
cts.
11-23
i 4*25
ms
800
800...
400
■
Dales.
S00
1W
cts.
11-0C
10,800 total Dec.
11%
11%
*
11-12
bales.
c 00
200
400
cts
11*. 3
11-01
ll 05
11t 5
11*08
U*P9
Stock at Barcelona
3-16
*
7i0
Exchange
It 1-16
13%
11 7-16
l %
11*01
(401(1.
Th.
Frl, Th.
FrI.
Th.
FrI. Th.
FrI.
Aug. 9 Aug.10 Aug. 9 Aug. 10 Aug. 9 Aug. 10 Aug. 9 Aug.10
Ordinary
11(4)
100..
11%
11 7-16
15%
11%
m
12%
U%
12%
1,30*1
ll 5-16
fi ft. ;o i-i6 10 1-16 10 1-16 10 1-16 10 3-16 10 G-16 10 3-16 10 3 16
10 7- 6 10 7-16 10 7-1G 10 M6 10 9-16
Strict Ordinary
10 9- 6 10 9-16 10 9-16
Good Ordinary
10 11-16 10 11-16 !0 11-16 10 11-16 10 13-16 10 13-16 10 13-16 10 13-16
11%
...1 -98
11-99
April
Tranif.orders.
Ordinary
8trlct Low
10-97
fOO
500
10%
11%
Tiles Wed. Tue# Wed Tues Wed. Toes Wed.
Aug. 7 Aug. 8 Aug. 7 Aug. 8 Aug. 7 Aug. 8 Aug. 7 Aug. 8
Strict Good Ord’ry. 10 15-16 10 15-16 10 15-16 10 ’5-16 11 1-16
Low Middling
11%
11%
11%
11%
i:%
l/.UO
March
IS- 6 ;i :i-i6
1-16 11 15-16
5-16 12 3-16
11-16 12 9-16
7- 6 13 5-16
bales.
W0
UX.500
£00
300
500
500
100
200
200
•200
.
January
February
’0%
10%
Skis
ii%
For December,
bales.
cts.
2ro
lo*S3
100
K*s4
2‘ 0
10*B<»
100
1C *87
80**
li *88
100
1*>52
200
1-93
V00
10-94
700
10-93
400:
'0-98
August
-
Sat. Mon. Sat. Mon. Sat. Mon
Sat. Mon.
Aug. 4 AUg. 6 Aug. 4 AUg. 6 Aug. 4 Aug. 6 Aug. 4 AUg. 6
Strict
Good
Strict Good Mlddl’g
Middling Fair......
N. ORLEANS.
[Vol. XXV.
the receipts
shipments for the week and stock to-night, and for the
corresponding week of 1876—is set out in detail in the following
statement:
August
THE CHRONICLE
11, 1877.]
141
c
Week ending Aug. 10,1877.
Weekending Aug. It, 1876.
the highest being 98, and the lowest 75.
The rainfall has been
six hundredths of an inch.
The first bale of the new crop wm
received to-day and sold at 15± cents.
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
94
Augusta, Ga
Columbus, Ga
627
395
274
103
77
10
202
36
8
26
621
587
81
156
220
1,102
1,095
1,053
Selma, Alabama.—Telegram not received.
Madison, Florida.—Telegram not received.
Macon, Ga
14
1809
Montgomery, Ala..
Mown, Georgia.—Telegram not received.
25
)0
200
680
Selma, Ala (,est)....
Atlanta, Georgia.—It has rained steadily one day this week,
616
846
6,570
5,128
11,699
1,032
Memphis, Tenn....
the rainfall reaching fifty-six hundredths of an inch. The ther¬
111
28
28
154
749
1,004
Nashville, Tenn...
mometer has averaged 86, the highest being 93 and the lowest 79.
941
690
2,045 11,148
6,723 17,687
Total, old ports
Columbus, Georgia.—It has been showery two days this week,
the rainfall reaching one inch and
13
1
6
123
56
276
seventy hundredths. The
Dallas, Texas
79
10
21?
thermometer has averaged 83.
8
4i
Jefferson, Tex.
94
77
271
1< 8
51
185
Shreveport, La
8avannah, Georgia.—We have had rain on two days this week,
636
166
272
48
360
344
Vicksburg, Miss...
but the rest of the week has been pleasant. The thermometer
Columbus, Miss..
has averaged 85, the highest being 96 and the lowest 72.
Eufaula, Ala
The
1
1
1
17
8
138 rainfall is
Griffin, Ga
hundredths
ninety-three
of
an inch..
12s
250
323
3,555
Atlanta, Ga
1,281
Augusta, Georgia.—The weather during the week has been
17
243
23
64
l
Rome, Ga—
favorable and crop accounts in this section are good.
151
451
64
197
26
142
We had
Charlotte, N.C
105
312
52
6 8
2,590
2,682 heavy and general rains the first five days of the week, the rain¬
St. Lonis, Mo
483
538
486
5, *05
1,272
9,515 fall
Cincinnati, 0
aggregating three and thirty hundredths inches, but the last
two days have been clear and pleasant.
877
Average thermometer
2,536 1*495
1,4C8
Total, new ports
1,715 10,426
81, highest 93 and lowest 71.
1,567
3.760
Total, all
21,574
2,849
9,259 35,183
Charleston, South Carolina.—It has been showery four days of
the week, with a rainfall of one and eighty-nine hundredths
The above totaia show that the old interior stocks have inches. The thermometer has
ranged from 74 to 93, averaging
decreased daring the week 1,355 bales, and are to-night 6,539 83.
bales less than at the same period last year. The receipts at the
The following statement we have also received by telegraph,
«ame towns have been 251 bales less than the same week last year.
showing the height of the rivers at the points named at 3 o'clock
Weather Reports by Telegraph.—The weather and condi¬ Aug. 9. We give last year's figures (Aug. 10, 1876) for com—
83
82
517
716
...
..
.
1,514
....
...
....
....
.
....
....
,
.
.
.
....
....
•
•
•
•
O
o
tion for the
development of the crop appear to have been favor¬
able almost everywhere during the past week, except In the coastbelt of counties in Texas. In those counties they have had more
rain, and the caterpillar appears to be doing his work so very
thoroughly that our correspondent reports the crop in that
section almost a failure.
New cotton is reported at other points
to-night.
Galveston, Texas.—There has been rain here on three days this
week, the rainfall reaching seventy-eight hundredths of an inch.
The thermometer has averaged 86, the extremes being 70 and
55. Caterpillars are reported in all the region south of the
thirtieth degree.
Much damage is being done and planters are
despondent. Some crops have been poisoned effectually and will
do well, while all others are nearly stripped. The coast crop is a
failure, but northward the crop is very promising. A few bales
of the new crop are arriving and picking has become general in
the low country.
Indianola, Texas.—It lias rained here
on
two days of the week,
the rainfall reaching forty-six hundredths of an inch.
The ther¬
mometer has ranged from 78 to 98, averaging 88.
Caterpillars
have stripped the foliage, and all but the bottom crop will be
lost. The yield will consequently be small.
panson:
r—Aug. 9, ’77.-.,,—Aug. 10, ’78.—»
Feet.
Feet.
Inch.
Inch.
New Orleans. .Below high-water mark...
Memphis
Nashville
Above low-water mark....
Above low-water mark....
8
!1
2
8
21
....
....
*
Shreveport. ...Abovelow-water mark....
Vicksburg.. ..Above low-water mark....
New Orleans reported below hign-water
....
....
10
4
3
4
1
6
14
7
24
27
1
1
6
1
11
mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-lOths of a foot above
1871.
or 16 feet above low-water mark at that point.
New Cotton.—The first bale of new cotton received at Mobile
from the
G.
&
growing crop of this year has been shipped by Mr. S.
George, of that city, and will be consigned to Messrs. Macaulay
Co., of this city.
Cotton Exchange Reports
are
the Cotton
August.—The
following
Exchange reports for August, issued this week:
Norfolk
for
Department.
The Norfolk Cotton Exchange (H. S. Reynolds, Chairman; Asa Biggs, and C.
W. Grandy, Committee on Information and Statistics) issues the following
report, covering the State of Virginia and the
following Counties in North
Corsicana, Texas.—The weather here has been dry and very hot, Carolina: Rutherford, Lincoln, Catawba, Rowan, Davidson, Iredell, Burke,
and a shower would prove of benefit, although rain is not needed Wilkes. Caldwell, Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey,
Rockingham, Caswell, Person, Granville, Warren, Franklin, Nash, Wake,
badly. The crop is in a good condition, and if promises hold Hyde, Pitt, Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin,
good and we meet with no disaster, the plant will mature more Bertie, Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northamp¬
than can be picked. There are no signs of caterpillars here. ton and Halifax.
North Carolina and Virginia.—37 replies from 25 counties.
Average thermometer 86, highest 102 and lowest 68.
Seventeen
replies report the weather favorable, twenty unfavorable on
Dallas, Texas.—There has been no rainfall this week, and some
account of excessive rain and cool nights; eleven report the weather favorsections are needing rain, though not badly ; the crop in most
ab.e, seven about the same and eighteen less favorable than last year, owing
sections is doing as well as possible.
The plant is still some¬ to too much rain; twelve report stands about the same as last year ana
what backward but very promising. Average thermometer 91, twenty-five less favorable, owing to the cold, backward spring; twenty-two
replies report blooming and fi.ling well, fifteen not filling well; four report
highest 97 and lowest 71.
the condition of the
as about the same as last yeir, thirty-two report the
'New Orleans, Louisiana.—It has rained here on two days, the condition ten days tocrop
two we^ks later th m last year, the plant being full of
rainfall reaching one inch and thirty-seven hundredths. The sap and growing rapidly. The plant is reported larger than la t year at this
time, owing to the very hot weather and heavy rains of the last two weoks. A
thermometer has averaged 83.
few letters report shedding of bolls and rust.
Shreveport, Louisiana.—There has been no rain here during
the week and the weather has been rather favorable
to
the
development of the crop. Caterpillars are reported generally,
however, but in limited numbers. Some cotton is open but there
is no picking as yet.
Average thermometer 84, highest 96 and
lowest 72.
Vicksburg, Mississippi.—We have had rain this week on
three days, the rainfall reaching sixty-nine hundredths of an
inch. The thermometer has averaged 83, the highest being 97
and the lowest 73.
Charleston Department
prepared and issued by the
the State qf South Carolina, and is
Charleston Cotton Exchange, through their
covers
Committee on Information and
Statistics, composed of Jas. 8. Murdoch, Chairman, Robert D. Mure, J. W.
Lewis, L. J. Walker, J. Adger Smyth.
South Carolina.—
The weather since July t, iu many sections of the State, has been very dry,
followed by heavy rains or the reverse, but upon the whole has been season¬
able and more favorable than last year. The stand of cotton was injured in
late
planting by the drought in May and somewhat broken in. cleaning out the
caused by the wet weather in June, but it is generally good, and com¬
Columbus, Mississippi.—Telegram not received.
well .with last year. The plant is forming and boiling well. The
Little Rock, Arkansas.—Telegram not received.
present condition of the plant is small but healthy, about ten to fifteen days
Nashville, Tennessee.—During the week just closed the days later than last year. Many fields are still grassy, and where the weather has
have been warm, but the nights have been cold, and we have had been forcing the p’ant has made too much weed. Shedding is reported in
four counties, lice in three counties, and the army worm in one county. The
rain on one day, the rainfall reaching thirty-two hundredths of
caterpillar has appeared generally on the sea island, but so far in small
an inch.
The thermometer has averaged 77, the highest beiDg numbers.
87 and the lowest 67. The crop is developing promisingly.
Savannah Department.
Memphis, Tennessee.—We have had rain this week ou three
This report covers Northern, Middle, and Southwestern Georgia (being all of
days, to a depth of four inches and forty-five hundredths, and Georgia, except the 28 counties in charge of the Augusta Cotton Exchange)
much damage has been done by the overflowing of creek bot¬ and tne entire State of Florida. The report is prepared and issued by tne
Savannah Cotton Excnange, through their Committee on Information and Sta¬
toms.
Cultivation is over. About forty per cent of the crop is
tistics, composed of J. H. Johnston, B. A. Hart, Clavius Phillips, J. J. Wilder
badlv in grass. Average thermometer 78, highest 91 and low¬ and
L. G. Young.
est 68.
Georgia.—There were 101 replies from 57 counties :
Mobile, Alabama.—It has rained severely oh two days and has
Since last month’s report the weather has been generally favorable for the
been showery two days during the week, but the rest of the
growing crop; hot, with frequent though partial rains. Stands are reported
week has been pleasant.
The cotton plant looks strong and good, and, except in a few sections, fully equal to those of list year. The
plant is forming, blooming and boiling well. The general c >ndition of the
healthy, is well fruited and developing promisingly. Caterpil¬ crop
good, clean and well cultivated, though estimated ten to fifteen days
lars have certainly appeared, though but limited injury has been later is
than last year in Southwestern Georgia. There Is some complaint of
done yet. The first bale of the new crop is expect* d to-day. caterpillars, but no damage is yet reported. The prospect is now good f jr a
fair average yield.
The first bale last year was received on the 13th of August.
Florida.—33 replies from 14 counties:
Average thermometer during the week 82, highest 97 and
lowest 73.
The rainfall has been two inches and eighty six
The weather has been generally favorable since last month's report Stands,
are good, and compare well with those of last year.
The plant is forming,'
hundredths.
blooming and boiling well. The condition is reported quite as good as last
Montgomery, Alabama.—The weather here has, excepting a year’s; clean ana well cultivated, though about two weeks later; and with
couple of sprinkles, been warm and dry all the week, and favorable seasons a good yield is expected. Caterpillars are noticed in some
accounts continue favorable.
The thermometer
averaged 85, iocations, bnt up to this lime no injury has been sustained,
grass
pares
.
THE CHRONICLE
142
...
Memphis Department
Mobile Department
the State qf Alabama as far north *s the summit of the Sand
Mountains, and the following counties in Mississippi: Wayne, Clarke, Jasper,
Lauderdale, Newton, Keeper, Nesholso, Noxubee, Winston, Lowndes,
covers
Lee, Pontotoc, Prentiss,
and issued by the Mobile
Cotton Exchange, through their Committee on Information and Statis¬
tics, composed of T. K. Irwin, chairman, Julius Buttner, A. M. Willmarth, J
Oktibiba, Colfax, Monroe. Chicasaw, Itawamba,
Alcorn and Tishamingo. The report is prepared
C. Bush and S. Baas.
•
;< Alabama.—43 counties forward 109
letters of average date of
July 30 :
.
The weather for two weeks of the period above named is reported as having
hefen extremely dry and hot.
Since then it has been showery and wet, too
much so in some sections, but generally seasonable.
As compared with last
year it has been less favorable in fifteen, more favorable in seventeen,
as favorable in eleven.
Those reporting it more favorable are generally
counties that produce the most cotton.
Stands are generally reported small,
hut good *, compared with those of last year, nine counties report better
stands, nineteen equally as.good, fifteen not so pood.
The plant is fbrrain"
equally
blooming and boiling unusually well in all
counties except Dale and Russell.
The present conditions of the crop is fair, and promises a large yield if the
weather continues favorable. The crop is from ten days to two weeks later
than last year. -- The plant is somewhat smaller in size, but well fruited, as
compared with last year. The caterpillar is reported in small numbers in
most of the prairie counties, but no damage has yet been none. Some counties
complain of rust and shedding, caused bv the recent heavy rains, which have
now ceased.
The general prospect is for a larger yield on bottom lands, while
uplands promise lees than last year.
Mississippi.—57 letters received from 20 counties report tli©
during July as follows:
weather
The weather has been generally seasonable ; too much rain reported in
three counties—Alcorn, Chickasaw and Lauderdale—and, as compared with
last year, nine counties report less favorable weather, seven about the same,
and four more favorable. The stands are reported good in sixteen couuties
and not very good in four counties, and, as compared with last year, are gener¬
ally not so good. The plant is forming and boiling very well in all counties
with one exception. The present condition of ihe crop is reported fair as
compared with last year ; sixteen report it about the same to better and four
not so good as last year.
The uulavorable circumstances are that the crop is
two weeks late, the plant is small and too much rain in the prairie lands,
generally making the crop very grassy. Sandy lands are generally doing
better than last year. There are no worms, and only two
.appearance of the ivorra fly.
The first bale of new cotton is expected to arrive here
counties report the
to-morrow. It was
shipped from Eufanla, Ala., by John W. Tullis & Co., and coneigued to Sims,
Billups & Co., of Mobile.
New Orleans Department
•covers that part of the State of Mississipin not apportioned to the Memphis
and Mobile Cotton Exchanges; the entire State of Louisiana and the State
Of Arkansas, south of the Arkansas River.
The report is prepared and
issued by the New Orleans Cotton Exchange, through their Committee on
Information and Statistics, composed of Harrison Watts, Chairman, L. F.
Berje, E. F. Golsan, William A. Gwyn, Edward Morphy, R. C. Cammack,
and L. Lt combe.
Louisiana.—Fifty-eiglit answers from 28 parishes, under dates
ranging from July 28 to August 3 :
The weather during the early part of July has hqgn dry: toward the latter
portion rainy, and up to this period decidedly more favorab e than last year.
Stands are universally good, and compared with last year, are much better.
The plant is forming, blooming and boliiug well, and its present condition is
as satisfactory as could be desired, and much belter than it was at this time
last year.
Many of our cor.espondents mention the appearance of worms, hut so far
report no damage. Tne plant, although a little late, is clean and well-worked,
and the prospects for a good yield are very promising.
.Mississippi.—83 reports from 33 counties, dated from July 28
to
August 4
:
The weather since July 1 has been favorable, and in many counties more so
than last year, with the exception of Yazoo and YallohnshacouDties. whence
complaints of too much rain are made. Stands are good except in Yallobusha
county.
The plant is forming, blooming and boiling well; the condition of
the crop is good, and fully as good as last year, although the plant
and backward in many sections. Worms have appeared in Adams,
is small
Grenada,
Issaquena and Simpson counties, but have done no damage so far.
Arkansas.—44 replies received from 25 counties, dated from
July 28 to August 3 ;
The weather in the fore part of July dry and cool, since which there has
been too much rainy weather, and, in comparison with last year, has been
equally as favorable. The plant is blooming, forming and boiling well. The
present condition of the crop is as favorable as last year, with the exception
of its being ten days late. Some complaints of shedding, rust, and grass
worms are
covers
the
reported in one county, hut there is no danger yet.
Galveston Department
State of Texas, and was prepared and issued by the Galveston Cotton
Exchange, through their Committee on Information and Statistics, composed
of John Focke, Chairman, G. A. Hill, H. I. Anderson. G. W. Embrey and H.
Dreier.
Texas.—Replies have been received from 77 counties:
The weather was favorable in forty counties, very dry in twenty-one and too
much rain in sixteen. The weather, as compar cl with las: year, was more
favorable in thirty-five comities, less favorah’e in twenty-three and the same
in nineteen. Stands are reported good in sixty-three and poor in fourteen
counties, as compared with last year. Thirty-seven report stands theeanp,
seventeen not so good, twenty-three much better. The plant is forming,
blooming and boiling well in sixty-six counties; but not forming well in
eleven. The present condition of the crop is good in eixt)-three counties,
very poor in eleven, and in three coast counties the crop is reported not worth
picking. As compared vith last year forty counties report the same condi¬
tion, eighteen counties three wee* s later, sixteen counties two weeks later,
and three counties crops destroyed. Worms have appeared in forty-seven
counties, done slight damage in thirty-five, damage of ;0 per cent, in nine,
and entirely destroyed the crop in three. Thirteen counties in the northern
portion of the State report damage from drought.
Nashville
tvol. xxv.
of the Tennessee River, and the fol¬
lowing counties in Mississippi: Coahoma, Panola, Lafayette, Marshall,
De Soto, Tunica, Benton and Tippah, and the State of Arkansas north of the
covers
the State of Tennessee, west
Arkansas River.
The report is prepared and
very well, and 3 never better.
Condition of the crop at the close of July—Crop averages six days
in
forwardness than last year; 71 report crops seriously checked by grass and
weeds ; 71 not as good as last season ; 97 well cultivated and free of grass
weeds; 57 very good condition, 19 better than last season, and 51 about
same.
Wet weather has caused some rust and shedding of forms, but not to-
later
and
the
un
degree.
unusual
In some few instances a small portion has
excessive growth of grass and weeds. There
Middle Tennessee.—29
received:
report favorable weather, 14 unfavorable; 16
answers
Fifteen
more favorable
than last year, 8 less favorable, 5 about the same; 15 report the stands goodbetter than last year; 5 poor—worse ttian last year; nine about the same •
2$ report the plant forming, blooming and boiling well, 3 poorly ; 21 report the
qpndition good, better thin last year; 8 condition poor, worse than last year.
Reports say a seasonable fall will m *ke a good crop.
North Alabama.—30 answers from 11 counties:
favorable weather, 11 unfavorable; 18 more favorable than
last year, 8 less favorable; 16 report stands good, better than last year, 8
about the same; 6 had, worse than last year; 30 report forming, blooming
and boiling well; 18 report present condition good, better than “last year; 6
poor, worse than last year ; 6 about the same. Remaik*.—Ia some sections
the grasB is weeding too rapidly; in others ths stalk ia small and filled with
Nineteen report
better frqit.
is consideraole complaint of
Bombay Shipments.—According to our cable despatch received
to-day, there have been 1,000 bales shipped from Bombay to Great
while
2,000 bales.
Britain the past week, and
bales to the Continent;
the receipts at Bombay during this week have been
The movement since the 1st of January is as follows. These are
the figures of W. Nicol & Co., of Bombay, and are
down to Thursday, Aug. 9 :
brought
1877
1876
1875
Con- '
ttnent.
Total.
6,000
11,000
784,000
404,000 1,138.000
1,000
6,000
....
2,000
2,000
769,000
866,000
390,000
345.000
....
6,000
5,000
Our figures of
Great
Britain,
370,000
521,000
1,000
.—Receipts.—■
This
Since
week.
Jan, l.
^-Shipments since Jan. 1-s
,-ShlpmentB this week-%
Great
Con*
Britain, tinent. Total.
988,000
984,000
1,000 1,229,000
total shipments have been corrected to-day
by cable.
foregoing it would appear that, compared with lastthere is a decrease of 5,000 bales this year in the week’s
shipments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 93,000 bales,
compared witn the corresponding period of 1876.
We have further advices with regard to the growing crop
to-day.
Our cable dispatch says that the rainfall has been
abundant and very satisfactory, and that the crop accounts
continue highly favorable.
Gunny Bags, Bagging, &c.—Bagging has not moved to any
extent during the past week, and the market is ruling rather
quiet. There is, however, an increase in the inquiries from the
South and dealers are filling orders at 12f@12£c. for standard
rolls, 12$@12£c., for 2& lbs. and 12£c. for 2 lbs. Sales for the
week foot up about 2,000 rolls.
India gunny cloth is jobbing
slowly and holders ask 9£@10c. Butts are quiet as yet and there
is no change to note in prices, which are firmly held at 3|@3&c.
Orders are coming to hand very slowly and there is only a
jobbing demand at quoted figures.
Liverpool, August 10—12:30 P. M.—By Cable prom Liver¬
pool.—Estimated sales of the day were 8,000 bales, of which
1,000 bales were for export and speculation. The weekly
movement is given as follows :
From the
year,
Sa^es of the week
bale?.
Forwarded
Sales American
of which exporters took
of which speculators took
Total stock
of which American
Total import of the week
of which American
Actual export
Amount afloat
of which American
.....
Jnly20.
July 27.
58,000
51,000
4,000
5,000
24,000
3,000
37,000
3.000
3,000
3,000
953,000
613,000
945,000
614,000
38,000
34,000
26,000
4,000
205,000
40,000
20,000
3,000
210,000
56,000
Aug. lCk
Aug. 3.
,38,000
3,000
24,000
32,000
3.000
22,0(10
4,000
4,006
1,000
400-
613,000
913,000
593.000
32,000
16,000
937,000
4,000
4,000
182,000
28.000
2 i,000
4,000
194,000
31,000
following table will show the daily closing prices of cotton for tne w eekr
Spot.
Satur.
Mon.
Toes.
Wednes.
Thurs.
Fn.
Mid. Upl’ds
I
TTa1Mnva
( ..m 1-16 ..@6 1-16 ..@6 1-1G ..@6
Mid. Orl’ns
..<&$%
^ ...noiiaays—..<&6#
..@6 3-lfi
The
Futures.
These sales are on the basis of
Uplands, Low Middling clause, unless other¬
wise stated.
Saturday. ) Ho]i(iaTP
Monday,
fttoiidays.
Tuesday.
Ang.-Sept. delivery, 6d.
Sept.-Oct. delivery, 6 l-32d.
Nov.-Dee. shipm’t, new crop, sail, 6d.
Sept.-Oct. delivery, 6d.
'
Nov.-Dec. delivery, 6 !-32d.
Oct.-Nov. delivery, 6 l-32®l-16@l-32th
Wednesday.
shipm’t, new crop, sail, 6d.
I Nov.-Dee. shipm’t, new crop, sail, 6d.
I Oct.-Nov.
Ang.-Sept. delivery, 5 31-323.
Sept.-Oct. delivery, 6d.
Oct.-Nov. deliver}’, 6d.
prepared and issued by the Nashville Cotton Exchange, through their Commit¬
tee on Statistics and Information.
been abandoned on account of
damage by working while too wet, causing the plant to grow too fast at theexpense of the fruit.
But one mention is made of the caterpillar and ballworm, neither indicating much damage.
The corn crop is very good. Wheat has been saved without much damage.
Hogs are reported In good condition, though the cholera exists in some di&*
tricts. The labor morale is very good.
Department
.Middle Tennessee east of the Tennessee River, and the following
Counties of Alabama .-—Lauderdale, Franklin, Colbert, Lawrence, Morgan,
Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee. The report is
covers
issued by the Memphis Cotton
Exchange, through their Committee on Information and Statistics, composed
of Sam. M. Gates, Chairman; J. T. Fargason, Benj. Babb, Chas. G. Fisher,
J. M. Fowlkes, David P. Hadden, A. G. Harris.
The cotton crop report of the Memphis Exchange for July consists of 168responses of the average date of July 31, of which 87 report the weather for
July very wet and cool, 16 dry; 77 very favorable, as compared with July,
1876; 102 report less favorable, 66 more favorable; Stands, as compared
with last year, i25 report fair to good and 43 poor, 28 better, 68 about thesame, and 72 not so good.
j*-Fruiting— 22 report forming and blooming well; 51 moderately well; 92
Thursday.
Aug. delivery, 5 31-32c.
s?ept.-Oct. delivery. 6@5 31-32d.
Oct.-Nov. delivery. 6d.
Nov -Dec. shipment, new crop,sail,6d.
Dec-Jan. shipment, new crop, sail,
Dec.-Jnn.
6d.
shipment,
new crop,
sail,
Aug.-Sept, delivery,? 15-16d.
Oct.-Nov. delivery, 5 31-32d.
Nov.-Dec. delivery, 5 31-32d.
6 I-32d.
Friday.
Aug. delivery, 6d.
Ang.-Sept. delivery, 6 31-32d.
Sept.-Oct. delivery, 5 31-32^6d.
Oct.-No«\ delivery. 6d.
Nov.-Dee. delivery, 6d.
Nov.-Dec. shipm’t, new crop,-- sail,
6d.
Dec.-Jan.
6d.
shipment,
new
crOD,
V
sail,
Oct.-Nov. delivery, 6 l-32d
Nov.-Dee. delivery, 6 l-32d.
Sept -Ocr. delivery, 6 l-*32d.
Nov.-Dec. shipment, new crop,
6 l-32d.
Ang.-Sept. delivery, 6d,
Oct~-Nov.
6 l-32d.
shipm’t,
new
orop,
sail,
sail,
t-
The Exports op Cotton from New York, this week, allow a
^decrease, as compared with last week, the total reaching 1,730
bales, against 3,671 bales last week. Below we give our usual
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, 1876; and in the last column the total
for the same period of the previous year:
table
Bxporta ol Cotton(balea) from New York; since Sent.l, 1876
Liverpool, July 25.—The following are the prices of Ameri¬
compared with those of last year:
can cotton
Ord.
Total
EXPORTED TO
July
July
18.
25.
3,306
Liverpool
Other british Ports....
3,179
....
Total to Gt. Britain
8,306
Havre
Other French ports....
....
3,179
....
• •
•
....
•
....
•
• •
Europe.
....
Spain.OportoAGibraltarAc
....
All others
Total
Spain, &c
Grand Total
The
•
•
•
•
....
9,721
Total
15,029
2,878
22.815
The
....
•
•
•
•
8.671
1,730
prom
This
Since
week.
Sept. 1.
New Orleans..
Texas
Savannah.....
Mobile
Virginia
Tennessee, Ac
Foreign
6 '
l *
?88
469
126,004
This Since
week. Sept.1
8ept.l.
9,546
27,077
429
963
8,470
*
*
9
172
9,660
3,820
Egyptian
Smyrna A Greek )
Total
49,250
....
American
Brazilian
23,968
44,995
....
1,018
1,640
220
360
330
9,919
4,370
450
3,300
2,730
9,120
.
196,120
156,090
j
1
91.460
128.240
800
6,8li0
5,180
880!
20, >40
260,040
22,840
345.540
€00
5,620
7,260
55,280 1,712,130 1,591,220 55,450 54,178
bales. 25,500
1,51*2,337
1,448,863
613,890
£42.600
7,947
270,544
331
149,290
160,218
204,722
183,303
93,620
169,900
108,6:0
932
383
130
690
1,541
3,793
23,611
241,345
25,408
274,971
20,010
62,170
39,117
2,243,937
2,137,655
West Indian
East Indian
Total
5,200
\ 6’°
This
....
3,170
fi,n
To fame
date
1876.
Smyrna and Greek
5,731
...
Same
Average
period weekly sales.
1876. 1877.
year.
1876.
31,070 1,078,840 1,00 ’,260 37,670 37,940
760
1,940
Total
this
date
1877.
Egyptian
29
and imports of
on hand on
sales
and also the stocks
To this
49
99,675
year,
130
bdU
West Indian.... *
East Indian
6,720
19,401
86 13,542
246 59,349
31.46
....
523,590
*
American..bales 28.420
*
1,303 103,345
121,201
5,424
184,099
following statement shows the
Brazilian
2,780
2:6 16,205
.
50
168,633
This
week.
548
.
218,310
-Sales this week.Ex- SpeculaTrade. port
tion. Total.
....
.
112,601
149,650
15,350
13,104
101.428
79,211
223,323
12,311
—
This Since
week. Sept.l.
Since
90,061
312
52
357
3
31
North’rn Ports
I.
158,649
....
8’th Carolina
N’th Carolina.
.?
1,916
...
Florida
I
This
week.
BALTIMORE,
.
rbce’ts
91,425
SALES, KTC., or ALL DESCRIPTIONS.
are the receipts of cotton at New York*Boston
Philadelphia and Baltimore for the past week, and since Sept. 1, ’76.
j PHILADELP’lA
109,560
.
Thursday evening last, compared with the corresponding period
following
BOSTON.
187S.
bales.
1.760
470,243
....
58,376
U.K.in
60,590
420,649
• •
1876.
bales.
23,740
421
•
1877.
bales.
10.960
9,830
15,120
378,180
3,610
•
NEW YORK.
194,560
outports to date—*
4£0
750
•
on
Actual
from
Liv., Hull A other exp’tfrom
14,560
2.890
•
transactions
:
56,819
5,547
4,486
4.646
12
409
•
•
3,463
of last year :
•
%
11.635
3.686
67,271
•
13
G.M.
M.F.
5 15-16 6 £-16
•X
5 15-16 6 5-16
6*
6
6 7-16
7*
6 1-18 6*
7*
5,330
28,033
•
21
15*
11,3*20
905
•
3,179
9,038
159,340
3,050
•
18
14*
1,090
cotton tor the week and
•
3,306
9,721
109,820
8,504
35,932
....
•
119,270
19,990
Egyptian, Ac. 25,350
W. India, Ac.
470
B. India, Ac. 29,480
bales.
10,126
•
Fair. Good.
17
Mid.
the year the
bales.
925
....
....
7
8 9-18 7
6 11-16 7*
6 13-16 7*
spec, to this date’ 1876.
1875.
American
Brazilian
•
....
•
392,830
*
Mid.F.
654
on
3,050
•
Other ports
Total to N.
379,933
•
Bremen and Hanover..
Hamburg
•
•
r-Taken
1877.
bales.
385,846
9,033
Mid.
^-Actual exp.
6,984
....
•
Total French
825
5,621
Q.M.
speculation and for export have been
35,434
....
Mid.
6 5-16
6 5-16
6 7-16
6 54
year.
344,504
325
5,621
....
date.
8.
1.
L.M.
6 3-16
6 3-16
6 5-16
6 5-16
Since the commencement ol
period
prev’us
to
August August
Q.O.
6 1-lfi
6 1-16
6 3-16
6 3-16
Upland
5*
Mobile. ...6%
Texas
5*
N. Orleans. 5%
•
Same
WEEK ENDING
r-8ame date 1876.—*
r-Ord.& Mid-* /—Fr. A G.Fr.—% >—G.AFineSea Island. .16
19
20
22
17*
27
Florida do.. 13
n*
16*
n*
18*
20
day.
941,500
Same
date Dec. 31.
1876.
1876.
251,910
73,090
105,180
l
i q oon
13, 350 \ 10,0*11
116,030
80,510
951,220 534,010
...
....
Total this year
3,928
930,721
2,922 345,476
239
63,980
341
Total last year.
6,157
928,805
1,905 294,818
328
5-3,254
239 110,847
122,340
BREAD STUFFS.
Friday, P. M., Aug. 10, 1877.
{Shipping
News.—The exports of
States the past
week,
as per
13,729 bales.
cotton from
the United
latest mail returns, have reached
j
There has been
»
flour the past
downward
tendency to the whole market fo*
week, which had the effect towards the close of
a
So far as the Southern ports are concerned, these
exports reported by telegraph, and published in i
calling out a better demand, causing a partial check upon the
The Chronicle last Friday.
With regard to New York, we S
include the manifests of ail vessels cleared
A line of good extra State sold at $6 20 for
up to Wednesday decline in values.
night of this week.
Great Britain, and City Mills for the West Indies at $7 75@$7 80,
Total balflf*.
are
the
j
same
New Youk—To Liverpool, per steamers Italy,
325....Bothnia, 500
To Reval per steamer South Tyne
(additional), 905
New Orleans—To Havre, per eh'p Screamer,
4,652
bark Ange-
per
lique, 2,194 .'
’l40
10
1,637
bags
’336
.
*
Total
The
are as
.
13,729
particulars of these shipments, arranged in
follows:
New York
825
New Orleans
usual form,
903
....
6,846
Mobile
Savannah
Texas
3,021
-140
Boston
3,637
9
1
Total.
5,828
'l50
10
1.637
336
Baltimore
Total.
1,730
6,846
3 021
»*,
.-
....
....
' 6,846
336
9
....
905
140
10
13,729
Below
we give all news received to date of
disasters, &c., to
carrying cotton from United States ports :
Screamer, ship, from New Orleans for Havre, before reported as having been
vessels
on
Wm.
tire at the former port,
August 1st.
and lire extinguished, sailed for destination
Hunter,
icbooner (Nor.), Nielsen, from Galveston, which was supposed
foundered after collision with the British
brig Dependence,
of J illy 25th, arrived at Bremen July 20. No damage reported.
to have
night
Cotton freigMs fk« past week have been
,
Liverpool.
Steam.
d.
Saturday... *©9-32
Monday.... *©9-32
Tuesday... *©9-32
Wedn’day. *©9-32
Thursday..
*©9-32
*©9-32
Market quiet.
Friday
Sail,
d.
*
*
*
*
*
*
comp.
comp.
comp.
comp.
comp.
comp.
as
follows
:
.—Havre.—> ^—Bremen.—,,—Hamburg.—*
Steam. Sail.Stean<;.
Sail. Steam.
Safi,
c.
*
Vi
Vi
*
*
Y%
c.
comp.
comp.
comp.
comp.
—
comp.
—
comp.
—
—
—
—
c.
9—1G comp.
9-15 comp.
9-16 comp.
9-16 comp.
9-16 comp.
9-16 comp.
c.
—
—
—
—
—
—
C.
C.
'C.
* comp. —@—
*
*
*
*
*
comp.
comp
comp.
comp.
comp.
—©—
—©—
—©—
—@—
—©—
European Cotton Markets.—In reference to these markets
correspondent in London, writing under the date of July
our
28, 1877,
states:
grades
were not so
irregularity prevailed.
liberal for the season, and
flours that cannot be
was more
well sustained
Supplies
an
as
are, at
these, and at best
all points, quite
undue proportion of them
readily sold in full lines.
doing for export, and 4,000 bbls.
are
To-day, therQ
common extras
sold at
$5 75@$(i.
The wheat
our
Ba**- Palma de
Reval. celona. Majorca.
Liverpool. Havre..
?
other
9
■-
.
but
much
6,846
3,()21
Mobile -To Liverpool, per ship Owego, 3,021
Savannati-To Barcelona, per brig Nueva
Guber, 140 Upland
To Palma de Majorca, per brig Annibai, 10 Upland
Tex >s—To Liverpool, per bark Ed. McDowell,
1,637
Balti o k—To Liverpool, per steamer
Scandinavian, 332 and 4
Boston—To Liverpool, per steamer Palestine, 9
\
825
905
market
weak and
declining on the spot and
delivery. The better grades of wheat on the spot gave
way fully ten cents a bushel, but for futures the decline was not
more than 2 or 3 cents.
Several boats of old spring, No. 2 MIL
was
for future
waukee, were closed out at $1 50, and some called No. 3 at $1 20.
Yesterday, however, there was a steadier feeling ; prime to choice
new red and amber were taken for
export at $1 50@$1 55 ; extra
white sold for August delivery at $1 50, and No. 2 spring fofr
September at $1 25. Statistics show a very fair movement of
wheat at the Western markets, but much of the wheat received
at this port in the past fortnight or three weeks has come
through unaccustomed channels. To-day, the market was firmer
for both spots and futures.
Indian corn has been rather dull.
Scarcity and higher rates of
ocean freights have checked the export movement, and, under
liberal supplies by canal, prices have been slowly giving way,
until yesterday, when steamer mixed sold at 58£c. and sail mixed
at 50 £c.
Considerable quantities of distilling com have been
taken for Italy at 54(g)56c.
Southern corn is scarce and nearly
nominal. To day tbe market was steadier at 5S|@59c. for steamer
mixed on the spot, 5S£@59c for Aug. and Sept, and 60c. for Oct!
Tbe weather has of late been very favorable to the growing crop.
Rye has ruled steady, but there is much less doing. Canada
peas are lower and sold at 83c. in bond.
Oats have declined materially, and close unsettled.
The new
crop is very large and of excellent quality.
rvoi. xxv.
THE CHRONICLE
144
« bbl. |2 75® 4 00
Saperflne State & West¬
Extra State, Ac.
Western Spring
Ur aim.
spring,bush $1
j Wheat—No.8
No. 8 spring
1
4 75® ft 25 |
er n
6 70® 6 20
Wheat
5 85® 6 35
6 50.(1, 8 00
5 85® 8 00
6 50a 9 0)
5 50® 7 40
extras
do XX and XXX
do winter X and XX..
do Minnesota patents..
City shipping extras.. ..
City trade and family
Red Winter
I
Amber do
White....*
...
45® 1 55
1
54® 60*
62
60®
62®
63
70®
86
I Corn-West'n mixed, new
Yellow Western
j
I
Southern, yellow
i Rye
| Oats—Mixed
White
1 Barley—Canada West...
7 00® 8 25 I State, 2-rowed
State, 4-rowed
6 00® 6 75
4 25® 5 10 | Barley Malt—State
Ac. 3 00® 3 30 J Canadian
Rye flour, superfine
The movement in
8 50®
....
1
...
.
1877.
For the
Since
week.
Jan. 1.
1
,
1877.
For the
Since
week.
Jan. 1.
.
1876.
•
.
Milwaukee
Toledo
Detroit
Cleveland
St Louie
Peoria
.
.
.
Wheat,
Corn,
Ofits,
bueh.
bush.
bush.
795,133
2,4*0,945
48.180
622.520
85,748
Corresp’n^ week/76 78,179
Total Jan. 1 to date .2,325,693
Same time 1876.../. 8,021,516
.2,711.064
Same time 1875
.3,628,086
game time 1874
91,851
Total Aug. 1 to date.
85,748
Same time 1375-6..
701,842
2,20i,7t9
1,769,956
Total
81,851
.
Previous week
.
.
.
795,133
701,842
.
Same time 1874-5...
Same time 1873-4...
1,324,509
78,179
83,255
.
.
SHIPMENTS OF FLOUR
1,384,732
2.410.945
1.769.956
1,044.882
1,217,359
268,826 320,278
July 28,1877
July 21,1877
Aug. 5. 1876
343,243
l,9b2,t/39
9.556,341
1,^80,756
Flour,
bbls.
1 TO
,
trade
20,720
17,246
23,922
15.330
33,094
60,905
LAKE AND
4, 1877,
Wh°at,
Corn,
Oats,
Barley,
Rye,
bush.
bush.
bush.
bush.
bush.
22,458
81,074
80,283
12,866
16,405
1,967.203
1,265,314
890,582 1,991,633
924,364 2,474,125
914,547 1,543.256
420,371
168.419
570,933
613,324
1,050,864
12,454
2,587
10,579
81,470
45,345
12,614
14,396
33,320
53,195
38,854,735 8,187,430 2,126,6(0 902,114
40,775,549 12,5.(0,915 1,234,754 903,650
game time 1875
2 2,931,576 7.897,66? 881,768 315,430
game time 1874
29,862,397 9,623,396 1,277,408 2,393,821
RECEIPTS OF FLOUR AND ORA1N AT 8BABOARD PORTS FOR THB
1 TO AUG. 4 :
WEEK ENDED AUG. 4 1877, AND FROM JAN.
10,620.614
25,809,2!0
2,899,32t 27,593,599
3,134,935 31,306,307
Total Jan. 1 to date.2,399,018
Same time 1876
S,23<,0!9
Wneat,
bUBL.
bbls.
At—
KewYork.
Boston
Montreal
.
Philadelphia
143,174
9.6C0
67,163
8,589
1.250
10,914
.
.
New Orleans
.
45,155
51,700
176,600
2,798
....
»
Baltimore
....
11,558
22.331
121,805
Total
89,410
Previous week
163.152
Cor. week ’76
..3,705,625
Jan. 1 to date
Same time 1876.... .,5,276,512
..5,294,910
Same time 1875
Same time 1874.... ..6,177,159
Corn,
Oats,
bush.
bush.
1,264,399
140,703
27,388
120,(j00
5,000
49,280
132,000
7n,000
84,821
1,000
bush.
•
300
.
,
f
f
....
3,400
•
•
•
•
242,974
41,250
257,919
48,035,897 9,680,221
51,115,498 14,197,241
30,569,295 9.8*7,632
14,430
12.318
2,030,115
1,999,551
325,297
37,178,125 25/300,085 10,418,764
748,0:3
1,735,100
],2-.2,8S3
1,239,8'6
50
•
192,144
429,027
and
busti.
06.COO
18.800
18,360
whole, and a liberal
of the auctioneers commenced their
goods, &c., with a fair
sales of ribbons and millinery
Goods.—The exports of domestics and
well-sustained
from all sections of the country,
sales, combined with deliveries on account of back orders,
Domestic
20,025
3^,000
5,o 50
623
steady demand for woolen
Woolen
Goods.—There
was
a
demand for flannels by buyers
Rye,
Bariey,
•
was a
prints from this port for the week ending August 7 were 1,543
packages, which were shipped to the following countries: Great
Britain, 5G6 packages; U. S. of Columbia, 518; Mexico, 157;
British West Indies, 100 ; Dutch West Indies, 58; British Hon¬
duras, 37 ; Cisplatine Republic 21 ; France, 24 ; Central America,
17; British North American Colonies, 17; &c. Brown sheetings
and drills were in steady demand, and ruled firm at current quo¬
tations, but bleached cottons moved slowly, and there was only a
moderate inquiry for corset jeans.
Colored cottons were in fair
request for the time of year, with most relative activity in
cheviotB, which were taken in considerable quantities. Grain
bags continued in good demand and strong, In the face of a light
supply. Cotton flannels met with moderate sales at first hands,
and were jobbed more freely.
Print cloths were dull and weak
at 4|c. for extra 64x64s, 4c. for standards, and 3£c. for 56x60s.
Prints were sold to a liberal aggregate amount after their reduc¬
tion to 6^c. and there was an active movement in fancy, staple
and dress giisghams.
29.595
173.525
992.652
There
irregular but more active on the
Domestic Cotton
904,927
2.3,922
922,079
restored.
and confidence in the maintenance
degree of success.
121.016
36,774
•<9,595
20,720
94.573
was
autumn
124.046
80.686
36,774
15,330
821,968
181.329
general decline of from £ to ^c. on
private hands, and some
2,739,902 1,063.973
2,994,361 1,1*34,190
1,660/85 1,549,624
2,252,137 S16.90J
240.985
146.285
a
aggregate amount of goods was taken by Southern and South¬
western distributors.
Foreign goods were a little more active in
....
240,985
245,870
321,968
173,525
2,122,344
G^c., which proved the fore¬
goods aj first hands, and shawls, skirts, dress goods, ginghams,
and hosiery were severally in improved request.
The jobbing
6,0C 4
8,460
....
3.550
2.582,996
10, 1877.
....
,,,
14,030
578,307
of
before the end of the week,
Rye,
....
AUGUST
AUGUST 4 :
TRADES.
all makes of
standard prints. The decline in prints caused a little hesitancy
in the minds of buyers of cotton goods for a few days, and
restricted operations to some extent, but this feeling wore of!
runner
(48 lbs.) (56 lbs).
105,472
15,029
2,650
2,141
1,52 J
22.690
10,400
64,698
349,924
Flour,
2,957,420
past week
by the reduction of Oriental prints to
bush.
bush.
102,286
24,618
2,292
78,892
98.262
195,745
360,416 179,754
562,415 262,213
has developed a more general demand for
autumn goods, and the volume of business was fairly satisfactory
on the whole.
The print market was unsettled early in the week
354,654
Barley,
(32 lbs.)
62,525
101,716
78,140
121,967
6,685,595
8,70j,971
of values was
AND GRAIN FROM WESTERN
AND FROM JAN.
67,604
9,926
1,531.339
8,000
FOR THE WEEK ENDED
RIVER PORTS
106,508
13,21*1
14,100
89,897
1,912,092
Since
Jan.l.
27,548
1,324.509 1,014,832
11,086,653 45,108,540 10,8'6,852
17,145.978 44,174,304 14,156,676
31,705,797 28,781,401 10,834.895
44,147,935 39,603,075 15,482,181
.
.
22,358
9,626,216
RIVER PORTS FOR THE WEEK ENDING
4, 1877, AND FROM JAN. 1 TO AUGUST 4.
Chicago.
111,143
87/90
*892
•
,
9,139,391
RBCBIPT8 AT LAKE AND
(56 lbs.)
(196 lbs.) (60 lbs.)
91.951 1,695.816
18,545
16.780
120,100
35,374
194.236
219,539
2,050
7,607
56,447
1,852
7,000
38,600
1,300
249,873
31,203
285/793
5,500
151,300
1,525
11:6.263
3,257,246
2/235,171
,
....
•
9,0C0,262
The
and the move¬
At-
87,911
645,506
153,546
•
•
1
•
•
Friday. P. M., Aug.
tables show the Grain in sight
ment of Breadstuff's to the latest mail dates:
bbls.
6,600
•
• •
82,873
1,975,455
been as tot
For the
week.
The following
Flour,
5,197
THU DRY GOODS
25,0-31 1,116,795
2,838
105,bOO
425,7(3 17,196.622
396,294 9,761,557
39,984
625.667
AUGUST
4), 438
213,431
185,448
•
•
88
....
672,407
1,559,101 2,247,488 16,745
3.433
157,641
114.481
140,417
99,289 4,908,807
3.118.H4 1*, 149,032
16,373,499 13,258.610 802,4«-2 13,841,279
835,060
447,378
685,044 53,181
68,079
719,770
2,121,717 2.299,112
3,274
98,122
5/290,116 7,041,488
Flour, bbls. 64,446
2,160
C. meal. **.
Wheat, bus. I211,370
Corn,
*• .1, 857,284
33,325
Rye,
**
89,457
Barley. “
153,167
Oats....**
115.472
.
••
•
« •
Rye,
bush.
Total
NSW YORK.
-1876.-
XXPORTS PROM
YORK.—
Same
time
54
do
•
34,272
34,527
18,577
hush.
..
breadstuffsat this market has
r—RXOXIPTS AT HHW
47
34®
•
Peas—Canada.bond&free
lows:
27 a
...® ....
®
® ...
90® 1 10
10® 1 30
83® 1 10
.
Southern shipp’g extras..
Oornmeal—Western,
Corn meal—Br’wine. Ac.
1* do
Afloat in New York canals
Lake
•
72,698
3,514
In
Barley,
Oats,
bush.
280,000
90,000
90,000
In store at Philadelphia
store at Peorio
Instore at Indianapolis...
In store at Kansas City
In store at Baltimore
Rail shipments, week
SO
5G
55
51
50® 1 55
1
8 00 1
brands
7 50 ®
Southern bakers’ and fa-.
mily orands
20® 1
42® 1
1 50® 1
1 40® 1
No. 1 spring
I
bush.
bush.
i
Flour.
No. i
Corn,
Wheat,
the closing quotations:
The following are
....
22,475
58,546
rather
cassimeres and suitings were in steady demand, and worsted and
cotton warp worsteds were delivered in considerable lots in
execution of early orders. Overcoatings met with liberal sales,
and agents are still in arrears with their deliveries of leading
footed up an important aggregate amount. Blankets were
more active in all grades and ruled firm in price.
Fancy
granary at
Cloths and doeskins moved slowly, and there was only
light demand for satinets and Kentucky jeans, but repellents
received more attention and were sold in considerable lots.
Worsted dress goods were in liberal request; felt skirts were
more active, and tl^ere was an increased demand for woolen and
worsted shawls by early buyers.
Foreign Dry Goods.—Tfcer9 was a fair demand for the
seaboard ports,
most
and
received
.
.
...
The Visjblb
485,361
2,376,484
6,601,859
26,101,771
25,347,785
Supply
of Grain,
845.220
154,527
645,114
comprising the stocks in
Wheat,
Corn,
Oats,
bush.
bueh.
bush.
576.090
store at Toledo
store at Detroit
Instore at Oswego*.
In store at St. Louis
In store at Boston
In store at Toronto .......
In store at Montreal
Estimated.
...
152,000
Barley,
Rye,
bush.
bush.
22,615
18.900
25,233
11,595
3,600
4,373
1,340,409
23,700
98,681
144,000
57,220
84,100
482,000
29,000
8,849
60,0C0
267,939
73,904
3,000
49,376
320,094
21,500
372,937
store at Milwaukee
store at Duluth
*
720,325
the principal points of accumulation at lake and
and in transit on the Lakes, the New York canals
by rail, Aug. 4,1877, was as follows:
In store at New York
In store at Albany
In store at Buffalo
In store at Chicago
In
In
In
In
9.342
176,155
17,500
12,(00
81,789
103,457
14,15 0
21,2(5
6,310
140.103
11,100
.
•
•
•
....
•
10.765
6,716
2,474
3.441
48
12,290
5,946
•
•
•
•
makes.
a
staple fabrics by Southern buyers, and fancy dress goods
more general attention.
Silks moved slowly, but black
and colored silk velvets were taken more freely.
Linen goods
were moderately active, and fair sales of Hamburg embroideries
were effected privately and through the auction rooms, but white
goods ruled quiet. Cotton velvets and velveteens were in im¬
proved request. Men’s wear woolens remained dull, but'Italian
cloths were sold in moderate parcels. Ribbons and millinery silks
were offered at auction, by order of Messrs. Passavant & Co.4 and
Leisler & Sommerkoff, and met with a fair measure of success—
silk velvets realizing a slight advance upon the closing prices of
last
season.
August
THE CHRONICLE
11,1877. j
Importatloua of Dry Goods.
The
145
JSxporis el LeadiiiK Articles
from New
Work.
following table, compiled from Custom House returns,
this port for the week ending shows the
Aug. 9, 1877, and for the corresponding weeks of 1876 and to all theexports of leading articles from the portof New York
principal foreign countries, since Jan. 1, 1877, the
1875, have been as follows :
Tbe importations of dry goods at
ENTERED FOB CONSUMPTION FOB THB WEEK ENDING AUG.
-1875
Pkgs. Value.
2.081 $1,717,468
cotton. .3,552
501,990
do
do
do
silk....
-1876Value.
972
$438,203
213.334
1,087
9, 1877.
1877Pkgs. Va’lne.
Pkgs.
1,077
$469,806
1,160
829,634
458,139
207,162
123,451
851
655,170
506
380,904
704
dax..... l,2i4
264.165
1,024
181,012
521
1,039
219,943
736
119,050
342
.
Miscellaneous dry goods
totals for the last week, and also the totals since Jan.
1, 1877
and 1876.
The last two lines show total values,
including
the
value of all other- articles besides those mentioned in the
table.
B3
02
72
cr*; ^1
—■
wji-'l'
^>0
*r
CM
« o> 2? vj
| «• QO
j'*
05
(
»
>
of i -
©* o cm' .ndoojrta
os o» ©
•>
,
^ CM
l(3CO*aw«r.'»Tk?T)<NOOO
O ''rinj
—
•a oo
—
- —
co
i-t
—'
os
H
if) f1* OO
^
g S £ oo ^ ~“a
*; tf 2»'
gf co Tr"£
i-JiM
—
nao^sy
^22,7*
—
/
—
»
^
©
o
a
6,239 $2,658,736
Total..-
4,325 $1,412,503
4,372 $1,588,192
WITHDRAWN FROM WAREHOUSE AND THROWN INTO THB MARKBT DURING THB
8AMB PERIOD.
Manufactures of wool.... 1,092
do
do
do
.
$ 179,409
cotton..
439
r 151,091
silk
170
153,618
flax
760
512
158.879
22,467
Miscellaneous dry goods.
£02
882
131
398
49
$206,908
585
$266,910
69.885
117,267
83,009
160
104
471
68,395
13,854
15
— ©CM TP 10
30
91,9j0
CO
9)
cm*
73,961
6,301
®o *o
■
2,973
$973,484
1,362
Addent’dforconsumpt’n 6,239
2,658,736
4,325
Total
Total thrown upon m’k’t. 9,212
$3,632,220
$490,923
1,412,508
1,335
4.372
$507,510
1,588,192
5,687 $1,903,431
cotton..
do
do
do
silk
flax
Miscellaneous dry
$624,775
692
268
236.116
748
316,934
146.819
501
54,351
goods.
658
275
185
304
33
—
CO
•
TP
•
»
•
•
•
--
*Q
TP —•
"o
•
>
.00
CO
-
83,794
215,430
70,153
16,052
CQ
Total entered at the port. 9,913 $4,037,731
5,810 $2,OSS,410
-
rfi
vm
612
226
124
519
50
$672,901
1,531
1,412,503
4,372
$261,725
67,883
115,609
108,574
»4
S'®5
! oo
afi
•
•
Z£D *
3 OO 1
•
© m © m **
TP
•
•
N
’
’
i
»
C-> l
-
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inon
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03
.
TT
COrtC4>-ip<^<CO«
— —
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nn
iO
03
^
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a?
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3 : :
co
QO
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•
—
OO
• ri
5M
•
• TP
o
(PI
ri
■
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tc ^
cm»-
JOO
CJSi'-ou
®
03
•
•
•
•
-»p kO 40
•
•
•
•
• —'
•
•
t— iTP CM —
•
•
•
•
•
i-c-r
OilQiO
.05
*
.CO
• «*s
.tp
•
• —1
•
• • •
—
:S
CM TP
ct
omaiowo
CO
— »-i
.o»
o =o
—
t-»o
•
CC®N WtO-f
>t-cO
i t— Ct
■ — CO
.l-»03^TPrpCM
’
*
«« »r.
OT
11,066
Hardware
195.375
13.973
184,615
18,399
Lead, pigs
Spelter, lbs
4,997
3,390
25,960
15,329
Coal, tons
Cocoa bags
.
N
.
OO
'O
•
VJO
'WrtPH
■
■
1,175,251
Coffee, bags
Cotton, bales
Drug 8, &c—
Bark, Peruvian..
2,565
8,153
17.698
2,198
Steel
bbls
Madder
1,462 Wines, &c—
303
Champagne, bks.
914
S95
7i>5
Opium.....
Soda, bi-carb....
Soda, sal
13.191
37,065
31,633
3,515
3,652
4,024
1,760
Sodaash
Flax.;
Furs.
Gunny cloth......
Hair..,
Hemp, bales
Hides, &c—
Bristles...,
Hides, dressed..
India rubber
„
89,280
955
3,861
35,834
474
Ivory
Jewelry, &c.—
Jewelry
Watches
Linseed
Molasses...,
500
69,809
652,8o3
.546
46.856
448.950
30.: 45
33,367
509.903
17,726 Waste
20.593
3.618
27,350
Oil, Olive
2,342
1,923,142
22,884 Tobacco
....
Gum, Arabic....
Indigo
2,268
432,841
2,672 Sugar, bxe & bags.
40,75-'
2,841
3,712
Wines
Wool, bales
2,567 Articles reported by
3,950
493
1,791
77,814
—
1,706
1,662
277
3 >8
222,731
74,916
370,099
78,335
4)9
52,217
54,103
78,472
— o»o»r-QOosco-p
C3CMO*CO
cm
■
.
•
Nuts.
Raisins
Hides, undressed..
Hemp
45,713
“
Hides
No.
Crude turp..bbls.
Spirits turp “
Rosin
Tar
c..
“
“
373,426
466,202
4,248
1,839
Eggs
44
Pork
Beef
Lard
Lard
Rice
44
<4
pkgs.
44
2,366,088 Starch
35,550
39,226, Stearine
2,495.358 2,575.593 Sugar
363
34 Sugar
67,932
40,117 Tallow
4«
.bbls.
hhds.
•
.....
,
pkgs.
Tobacco.
Tobacco.... .hhds
...
1,913
15,296
219.860
15,235
2,161
43,474
.bbls.
202.-2 ! Wool
bales.
10.244 Dressed hogs. .No.
Whiskey
...
....
.
C— S. >o
•
■
CO TT CO
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CM
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.
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•
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•
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4.3 N
CM
—
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—»-p
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tC £ CO
;
:
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CM
•
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CM
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.
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rf
CM
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5
101,572
280,333
92,999
261.494
61.825
4 9.970
32.781
.
TP TP
.
217,570
143.578
•
.
f-
182,269
49.213
f8 935
364,756
316.149
w
C^QOl/QOilO
jCj-riQUK'WxaoT'.-c.
CM*
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.
.
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•
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,
. tp
.
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o
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•
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•
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•
•
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.
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•
—
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•
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.c*p-t-
Vf;
•
n.
fli o
mh
1, 1877, and for
t^oT * ao
gS
r*.
S-to
{..PM
CM ^
,1-
•
I GO
‘tp*
O 03
•
o
,
.
•
•
•
»er3
•
•
*
O.
•
•
.cm
.O
*
S
* *00“
OO
CM
•
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O
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gig
v'w
CD
O*
oo
*
-
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i. ft
xi
,
:gs ; : :2 : : :
* • *
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:
ff*
:
•
it
00
r-i-P®
S
icoai
Is
^
t
aSadaCc;
22 S
*“•
33
*"«
—
1-
t-Tto
Since
Same
Jan. 1,’7T time 1876
2,281,003
Hops
bales.
Leather
sides.
Molasses
hhds.
Molasses
bbls.
Naval Stores—
182,047
140,417
58,602
792,184
114,431
>
t -•
03* ri
kOO
Produce.
4*
*p
•
.
.
20,204
325,603
27,007
44
QO — C33^*0~r'~.
CO CC
•
'a
H t5o
“C
bbls.
bush.
.bbls.
bales.
co —
•
» QO —
«3
•Ot-OiO — O —
•
I -
107,414
CM —
.co
Ct
170,555
—
.Tpcoo*0'?*«oe*
.
Fustic
1
Ashes
Pitch
.bbls.
pkgs.
4,550
3,707
Breadstuffs—
Oil cake.... .pkgs.
Flour
bbls. 1,559,101 2,217,483 Oil, lard... ..bbls.
Wheat
bush. 3,113,914 17,149.032 Peanuts
.bags.
Corn
“
43.373,499 13.258,610 Provisions—
Oats
“
Butter.... pkgs.
5,290,116 7,041,483
4k
Rye
“
447,378
6-55,044
Cheese....
.
.
269,455
Same
Tan. 1,’77 time 1876
•
•
Cork
Since
CO CM
40 r-i
31,780
Woods—
The receipts of domestic produce sines January
the same time in 1876, have been as follows :
Beans
‘Peas
Corn meal.
Cotton
—
tC TP
»o CO
-P TP
630,625
7,577,331
Logwood
Mahogany
.
465.717
565,511
58»,176
Pepper
Saltpetre
rtO
•
31,108
669.436
1,199,584
497,102
742,822
4.703,202
..
Cutmeats
Qt>
CO
CM CM
•
Barley & malt “
2,124,717 2,299,112
Grass seed...bags
75,597
68,818
—
•
OO
$
901,891
1,1:7,260
Oranges
Receipts or Domestic
o no
OO
—
$
718.752
43,500
673,661
;
1,037 Spices. <fec.—
2,880
25,292
Ginger
1,649
eooj
*
,*2_p0c30»^~—C-OTpiO
J
OOO^ W Tfrt
®
value—
Lemons
33,629
637
24,103
'
*,S44
COCO
•
•
r-i
*
453.246
965,136
627,031
35,775
80.462
...
25,615 Cigars
'713 Corks
21.491 Fancy goods..
28,533 Fish
30,760 Fruits, &c.—
•
30* tp'
Tea
Blea. powders...
Cochineal
Cream Tartar...
Gambier
»rt
ao
cm
'
to
6,120
5^6,904
Tin, boxes
551,556
3,240
Tinslabs.lbs.... 6,788 907 5,282.299
28,384 Paper Stock
113,960
89,867
17,801 Sugar, hhds, tcs. &
930,697
0»0»
e> o»
* Tp"
*-i
—
20,572
•
2^
SM
©
7,530
*»no
CO*
—
Since
Same
Jan. 1,’77 time 1876
22,145
e>ro
.«w r-eo
Pi
■Tp' CM
'
«0
© «
ers
PS
c»
I -
CM
•
£o
—
..
* »o
.o'. .7
£*©
ar> at
m
_ca
?3S
00
• TH
rim
to-*
J
EarthenwareChina
Earthenware....
Glass
Glassware
Glass plate
Buttons
*
•
-
r-w*©
it
CP. 40
■
2 .2 -» • •
Metals, &c.—
Cutlery
.
'v.-wi-yuujw.JW/wjyu
■^rrC*«0(*QOQDO^»U)®
>
—' CM
— ■ at CM tO TO
— — —
’COOtO"— ao
CO_tO
tp
[The quantity is given in packages \yhen not otherwise specified.!
China, Glass and
00 CO
sm
*c C3«0
House returns,
this port since
as
s
—
*5^-
$577,371
1,588,192
5,903 $2,165,563
•
■
°l
23,580
Imports of Leading Articles.
Since
Same
Jan. 1,’77 *.ime 1876
•OuT-'oaTrirrooc— 'wgtoco
•
o « —
«o>7«ot,h
l|s
O
The following table, compiled from Custom
Shows the foreign imports of leading articles at
January 1, 1877, and for the same period in 1876:
CM
CO
•
3,684 $1,373,995
AddentMforconsumpCn 6,239 2,658,733
os © oo
— v« n
TP
’
5,707 $2,095,702
$287,473
1,485
4,325
Total...
•r.«tceiaN"ooii!OooT'(?>
•
s
BNTBBBD FOB WABBHOUSING DURING SAMB PERIOD.
Manufactures of wool.... 1,475
sgs
.ic-wt-oioo
<x>
©
5
5
•“’S
•'**2
f>00®*
• o; o*
• — 03,
in o' *
O
.
^S
fiQ
:sS=g]<
. co
,
’
CM*
’
•o
•
®
413
8
SB
-
:
-r
-
■
IO
CO
40
—
CON
•{.-
—
I— tp to
O
,
.t-f
O?
.«2PM-.03
CO
•
T 03 tr
«
Sm
~V
-
'sf *5®*^ * S5
w's
03
—
—
—
-
,
t-oo
2,610
175.190
11,801
70,101
2,777
286,569
5,150
693,457
669,157
41,522
©o
■
S
31->,707
392.873
111,3 0
29.902
62,707
222,086
10,825
23,111
211,664
24,684
216,751
11,630
15,693
224,265
711
178
1-2,097
40,890
118,615
8,784
122,532
58 536
9 i,97»
76,681
80 59i
63.3*7
43,027
59 107
35,216
n-
•
•
•
’ rf iS
I
—
*2
.too_
•
* *P
rf3
•
*,M'co®®?3
«
;55o3 ®
•
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oo
* *
co" TP
.O
To
.2 SSfJrooao—
•
s = 88388 :
•co
cm
.{.CN-OtCCOOl
•
o o ao o» co eo eo
e-Hi^iOHr-Q
“
^
»*■“’
cc t■
S2
2?eo
*V
-•
lO®
re
40 I
ao f
1,155,403 1,001,191
535,765
339,196
118,141
24,757
2
•
.too
m ©
1-?* TJ<
,
Great ritan. 103, 98
«I
.
•
—
O
4S
c?
TJ1*
Q CO
•
CW
•
f {-' •cT-xT
co 00 0
TP
•
•
—
*0 to ©
co
3*0
^p tfi
•
•
tc tJU <31
•odao*
C3^n
«
^ • 40
TT*©®
°*
7-1-
—
00
CD
—
r4
~
.
§1|, itUn
•**
PRICES CURRENT
ASHES-
...*».
Pot, first sort
4X®
BRBADSTUFFS—See special report.
BUILDING MATKKlALSBricks— Common bard,afloat..?! M 2 50
Groton
8 UO
Philadelphia
23 06
Oement— Rosendaie
V bbl. 1 20
Lime— Rockland, common....?! bbl.
80
Rockland. finishing
45 00
Lumber— Pine,g’d to ex.dry.* M It.
Fine, shipping, box
18 00
do tally boards, com .to g’d .each.
25
Oak
* M. It. 35 00
Ash, good
35 00
Black walnut
70 Do
Spruce boards & planke, each
22
Hemlock boards, each
16
Maple
* M. ft. 30 00
JfaUte—10@60d.ccm.fen.A 8b.* keg ....
Clinch, lx to 3 in.& longer
4 25
Sdfina
@
@
@
CHEESEState factory, fair to choice
*ft
Western factory, good to prime.. “
COAL-
....
2 50-2 65
2 27-2 45
10X
9
7X
10
1 85
2 75
2 65
22
13
19
20
.
98 days .gld.* ft
.
m
19-tf
20‘4
“
“
19X0
gold.
“
“
24
20
gold*
Mexican
Jamaica
Maracaibo
Laguayra
St. Domingo
Savanilla
Costa Rica
’
17
gold.
gold.
gold. “
Java, mats
Native Ceylon
16V@
19
20
@
@
@
@
gold.
“
12X0
gold,
“
“
13
gold.
gold
“
gold.
gold.
gold.
COPPEK-
“
“
“
* ft.
Bolts
Sheathing, new (over 12 oz;
Brazlers’(over 16 oz.)
American Ingot, Lake
21
2 1
1 a,
19
20X
21
17
0
\6Xa
18 X0
13 @
“
Camphor refined
“
30 @
Castoroil.E.I.inbond. *gal..goM.
85 a
Caustic soda
* ILK) ft
**
4 20 Q
Ctiloratepotash
*ft
“
*0 @
Cochineal,Honduras, silver...
62 @
"
Cochineal. Mexican
“
....@
Cream tartar, prime Am. £ Fr.
“
27 <2
Cabebs, East India
cur.
8X0
Citch
gold.
6X@
Gambler
“
‘*X@
40
Ginseng
cnr. 11 21
40 @
Glycerine, American pure
Jalap
‘‘
Licorice paste,Calabria
Licorice paste,Sicily —....... “
licorice paste,Spanish, solid.. .gold
Madder, Dutch
“
Mndder,French, E.X.F.F
cur.
Oil vitriol (66 Brimstone)—... “
Opium, Turkey ....(in bond), gold.
Prussiate potash,yellow. Am..cur.
Nutgalls.blue Aleppo
24
40
25
26
@
0
d
@
@
6X@
5
20
75
0
@
@
I2s*3
22
30
2X
12,-3
13X
40
00
4 35
C3**
32
9
*
6X
22
25
28*'
28
‘X
5X
24
2 (X)
24“
6U @
cur. 4 15 @
50 @
Rhubarb, China,good to pr.... “
Balsoda, Newcastle..* liH) ft, gold 125 @
62 X
gold.
Quicksilver
Quinine
Shell Lac, 2d & 1st English. * ft.cur.
* 100 ft. gold
Soda ash....
Sugar of lead, white,prime.Vftcur
Vitriol, blue.common
“
fish—
-
21 @
1 30 @
@
8 q
1 25“
1 30
25
1 90
19
bX
00
George’s cod (new)
per.qtl. 4 75 @
Mackerel, No. 1, vi. shore
pr.bbl. 19 00 @ 21 00
None.
Mackerel, No. 1, Bay.
Mackerel, No.2 Mass, shore (new). 13 50 @ 15 00
Mackerel, No. 2, Bay
None.
FLAX—
North
* ft
River, prime
FRUIT-
Ralslus.Seeaiess
per
50lb. trail 3 55 @
Layer, new
4o
Loose Muscatel, new
do
Sultana, new..%
do
Valencia, new
Currants, new.
4o
1 47X0
2 00 @
per lb.
10X0
@
@
15 a
Citron,Leghorn
Prunes,Turkish fnew)
do
French
~Dates
Figs, layer
Canton Ginger
* case
Sardines,* hi.box.
Sardines, ♦ ar box
Macaroni, Italian......
Domestic Dried—
AppleB. Southern, sliced
do
do
do
00
quarters
State,sliced
' do quarters
Peaches, pared, Ga. prime
do
Cherries
P’nmv. state
..
Whortleberries
15
3 65
1 50
2 15
11
5
16X
8*
& choice
5X0
10 a
5V;0
5
PX
12,X
13
4
4
6
fiX
13
7
5
@
@
6X
22 *
11
14
<5.
14X
(ft
IS
10
8
&
9X3
HX
@
15
12X0
13
11
a
11X
5
@
@
@
11
4
31
white
do
Cassia, ChinaLignea
Batavia
'
IG 03
42'
41*
@
35
@
42X
24(0 @ 26 59
Prices,
@132 50
Store
2 5-10©
5
8-10
11
4
00
00
* 100 lbs, gold 6 62X@
75
25
&
* ft
c.)
p.
5 00
hide,h., m. & 1....
rough
SPIRITS—
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix, 3d proof
grocery
grades.
**
“
....
“
“
“
Irish
25
23 X
24
29
32
31
32
35
48*
“
43
33
4»
@
@
@
46
60
“
40
@
53
25
34X
55
50
@
25*',
2 7-5
4 50 0
@
00
40
5
11
@
4%@
It
Filnerts, Sicily
Walnuts, Naples....
@
12X
12 @
Pecan
5 @
12
8X0
10X
OAKUM—Navy,U.S. Navy «& best * ft.
OIL CAKE—
obicng,bags, gold. * ton.
oblong (Dom.) cur “
....
OILS—
Cotton seed, crude
Olive, in casks * gall....
gal*
Linseed,casks and bbls.
Menhaden, crude Sound
Neatstoot, No. 1 to extra.
Whale,bleached winter.
Whale, crude Northern..
Sperm, crude
Sperm, bleached winter.
Lard oil, Noe. 1 and i
PETROLKUMCrude, In bulk
0
0 35 50
....
“
./..@
1 10 @
59 @
32 x a
70 0
67 @
55 0
1 15 0
45
1 20
33 X
1 10
CO
1 16
1 45
53 0
*
* gal.
• ft
Cases
Refined, standard white
Naphtha, City, bbls
7X0
17X@
13X@
■
•
•
•
3 50
8 00
3 69
3 60
64
”X
-
18
9
0
PROVISIONS—
*
bbl. 13 8U O 14 10
Pork, mess....
* bbl.
0
Pork, extra prime
0
Pork,prime mess, West...
Ift
00 0 12 (0
11
Beet, plain mess
4*
18 (0 @ 13 50
Beef, extra mess
'21 00 0 21 50
,.c’d “
Beef h&ms.West.sum &wint.c’d
...*
Bacon, City long clear
* *4ft
ft
@
Hams.smoked
......
4ft
9
@
Lard. City steam
..
ft*
....
f#|
....
*
e
•
*
....
....
44
4*
Rangoon
Turk’s Island
St. Martin
Liverpool .vsnouB
SEELSUlover, Western
Clover, New YTork
Timottiy
Canary, Smyrna
Canary, Sicily
Canary, Du'Cli
44
^
^
.
sorts
State..
.*
sack
* sack.
...*
* ft.
ft
,
.* bush.
••
14
(d
14X®
1 90
.a.
...
.
.
..
Hemn', toreign
Flaxseed, American, rouj^h
Lineeid, Calcuua
* 56 ft.,
Lluseed, Bombay
* 56 ft.,
-0
....0
1 15 @
•
;
gold.
gold.
@
.@
@
....@
@
2 05 @
...
@
0
9
44
English machinery
English German,2d & 1st quality “
,cur.
American blister
American cast, Tool
American castspring
4 UU
« 25
4 ro
3 90
7
7
ex
30
36
2 50
14X
15
2 00
2 (K)
2 50
2 ’.0
1 ?0
1 50
2 10
....
10X
....0
....0
...@
....0
..0
9
16
9
machinery
.
SUGARInferior to common refinirg....:* ft.
»(
Fnir
—
4
Good refining
Print e
Porto Rico, refin
fair to prime 4‘
Boxes, c’ayed, Nos. 10@12
7X3
SX3
8X0
4
44
44
Centrifugal, Nos. 7@13
44
•
Manila, sup. and ex. sup
Batavia, Nos. I1.@12
Brazil. Nos. 9@ll
R fined—Hard, crushed
Hard, powdered
9
6
9X
@
&
11X
..@
l(,x
iox-0
10x
10
U'X
9X
9X
“
0
9X0
9X0
8X@
“
7X0
8 3 16 @
15
“
“
...
20
23
33
cur.*Ib
19
45
;...
Extraftne to finest
Hyson Skln.A Twan..com. to fair.
do
do
Snp.to fine
do
do
Ex. flneto finest
fair
5
7
10
5
12
90
75
*ft
Eng.wrappers’7J-’75
fillers, '74-’75.
’74-’75
fine
WOOL-
*ft
2
American,Combing
Extra, Pulled
No.l, Pulled
California. Spring ClipSuperior, unwashed
Fair..,..
Burry
South Am. Merino, unwashed
Cane Good Hope, unwashed
Texas, fine. Eastern
medium. Eastern
ZINC—
Sheet,
do
FoTeign...
Domestic
To Livkrpocl:
Cotton
*
ft.
Flour
* bbl.
heavy eorxls. .* ton.
Corn.b’lk & bga. * hu.
bags..
* tee.
*bii
Wheat, buik ds
Bee!
Pork
8.
d.
8.
2 6
JO U
8
8
7 0
5 0
0
0
@
6
15
0
(ft
0
51
50
36
25
@
@
0
28
22
18
13
28
0
0
0
0
0
a
23
24
17
0
0
K
f»
Ct
s.
45
53
45
30
32
27
21
17
86
35
33
27
18
7X
SAIL.—
v. d.
d.
■
% comp.
....ft
0....
7X
25
95
0
(ft--..
iffl,.,,
*K)
0
@....
•
55
36
2 0 9>
15 0 a
...0
0
40
41
wa
7X0
d.
@35 0
18
20
1 15
21
44
,
X @ 9-32
50
@
cur.
-BTBAM.
24
33
55
80
SO
43
60
85
263S
21
* ft.gold.net
freights—
85
45
40
55
28
40
55
75
23
SO
.....gold.
8myrna.unwaBhed
25
@
0
0
0
0
@
0
0
0
18X0
Mannfac’d.in bond, black work
“
bright work
American XX
American, Nos. I &
@
@
@
@
30
45
65
13
3U
'45
TOBACCOKentucky lugs, heavy
“
leaf.
Yara, assorted
@
0
20
Sup’rto fine
Havana, com.to
5 75
6 25
Nominal.
25
0
Ex.flneto finest
Pa. assorted lots,
0
19
80
43
Uncolored Japan,Com.to lair
do
8up’rtortne
do
Ex.finetoflnest
Oolong, Common to lair,**,
do
Superior to fine
do
Ex flneto finest
do
@
0
0
0
0
0
(5
22
35
50
65
21
39
42
16
19
Choicest...
Imperial, Com. to fair
(.0
Sun.to fine
Seed leaf—New
0
23
Sup.to fine
do
do
0
0
15?i
15*
Nominal.
Ex. fine to finest
do
Choicest
Bouc.& Cong.,Com. to
3
@
6 C2X@
6 12X0
Qunpowder, com to fair
do
8X
13
gold.*ft
*bx g d.
9
....0
“
TIN—
do
do
do
11 x
11X0
* ft.
to ralr
9X
8X
11
11
TALLOW-
do
Superior to fine
do
Extra flue to finest
do
Choicest
Young Hyson,Com. to fair
do
Super.to flue
do
Ex.flneto finest
do
Choicest
v-4
8X
44
44 *
English,refined
•
8X
....0
44
Plates.1. C., coke..
Plates.char.terne
n
9X
.
Banca....
Straits
+
H X0
41
..
8
+
4
ft
OtberYellow
Molasses sugars
....
8X0
8 0
....@
44
White extra C
Extra C no
10
8X@
8X0
9X0
4 1
cut loaf
do
4
44
granulated
do
liX
8¥@
4 *
.
Melado
62f
14
@
9X@
10X0
American German spring
Texas,
.*
* bush.
bush
6%
16
Interior
PX0
6^0
6X@
* ft.
Carolina,fair to prime
Louisiana, good to prime
@
6X0
“
RICE—
15
ux
14X0
“
..
40
44
NUTS—
Brazil
@
14X@
English,cast,2d&lstquality *ftgold
English,spring,2d & istquallty,
English blister,2d& lstquality,
Hyson, Common
3 (0 0
3 CO @
2 12X0
34 @
1 75 @
2 10 @
* lb
90
gold.
3 75 @ 17 00
4 00
@ 8 00
TEA—
NAVAL STORES-
Almonds, Jordan shelled
SO*
@
@
0
2 25
1 I2X
Western
@
190
22X
22X
Vsi-
....0
....@
Primeclty,
@
....0
* bbl.
Tar, Washington
Tar, Wilmington
**
Pitch, city
“
Spirits turpentine
* gal.
Rosin, strained to good strd.* bbl.
“
low No. 1 to good No. 1
“
“
low No. 2 to good No. 2
“
“
low pale to extra pale., “
“
window glass
“
21X@
21X0
7 @
* gall.
Cotfee, A. standard
22 @
22 @
2tXS
26 @
“
“
“
N. O.,com. toprime
Western, thin
* gall.
Gin
9
31 @
27 a
30 0
Cuba, clayed
* gal
Cuba, Mas.,refln.gr’ds>,50test.
“
13
23
6X@
Cloves
do stems
7X
<a
@
“
22 X®
80
85
12
39
Nutmegs, Batavia and Penang
Pimento, Jamaica
American
LEATHERHemlock, Buen, A’res, h.,m.& 1.*lb.
“
California, h., m. & 1
City, thin
-
do
Calcutta.
Mace
do
0 18 00
<® 17 ro
<3 17 00
* ton.
cur.
common
....@
55
0
@
@
@
30
42
6 75
@6 25
5 SIX ® 6 25
* ft,gold
Pepper, Batavia.
do
Singapore
Domesticliquors—Cash.
Alcohol (90 per ct)
S8
40 (ft
43 X@
* lb.
10
cur.
Whiskey, Scotch
41X®
Ordinary foreign
SALT-
3 @
19X
LEAD—
0
<3
3 @
8X
@
5@ 2
Hoop, Xx.No.22 to 1&1XX.13&I4 ’*
..gold.*ft
10X®
Sheet, Russia
Sheet, single,double & treble, com.
3X@
Rails. Amer., at ’Works..* ton, cur. 33 00 @ 33
Steel rails
45 00 @ 47
Patna
*ft
0
Bar,Swedes.ordlnary sizes..* ton.130 00
10
19
12X3
12.X0
8
10
45
4i
♦
7 50
5X
100 ft.gold
Whiskey
Pig,American, No.1
Pig, American,No.‘2
Pig, American, Forge
Pig, Scotch
2L
S @
LX
2
Nicaragua, sheet
Nicaragua, scrap
Mexican, 6hpet
Honduras, sheet
IRUis--
8}<0
5 @
21
Raspberries
* ft
unpared, halves and qrs,....
Blackberries.....'
14 @
* lb.
Esmaralda, pretsed, strip
Guayaquil, pressed, strip
Panama strip...
Carthagena, pressed
do
Barhadoes
Deinerara
Porto Rico
@
?2
*•
10x0
14
(§
None.
SPICES—
do
.
7*'
3 50
None!
Ginger, African
MOLASSES—
i8X
Arsenic,powdered
“
2 ca
Bicarb.soda,Newcastle.* 100ft “
4 00 @ 4
Blchro. potash...,
* ft cur.
12X3
Bleaching powder
* U'O ft. •*
1 37x£ 1
Brimstone,crude, per ton
& 27
gold
Brimstone, Am. roll
*ft..cur,
3 @
21
19
16
16
14
13
74
JIOPS-
do
’3 @
26 @
do....
do....
Oak, rough
Texas, crop
30
13*3
do.... gold
do.... gold.
do
Slaughter crop
30
23
21X
0
0
cur.
Calcutta, buffalo
••
21
@
....@
...0
.0
0
0
cnr.
Tbxab
A. I.stock—Cal. kips.slaught gold
Calcutta kips. dead green...
20X
....0
do....
Domestic
Bar (discount,
Sheet
"
22
...
COTTON—See special report.
nRUGS A DYK8~
* ft cur.
Alum, lump. Am
Argols,crude
gold.
Argols,refined
27
13X0
do....
Scroll
COFFEE—
Rio, ord. car. 60and
do fair,
do
do good,
do
do prime,
do
do....
20X0
20X0
0
INDIA RUBBERPara, coarse to fine
9X
IX
2 65
2 75
2 60
Maracaibo,
Bahia,
"
"
“
“
...
Crop of P76....
Crop of 1875
Olds, all growths
Port
2 65
2 75
2 60
2 65
2 35-2 57
2 32-2 37
do
Para,
California,
burgh.
Hoboken. York. Richm’d Johnson
Scheu.
Auc.
June 27.
June 13.
Schei. Sclitd.
2 65
2 65
St’mb. $2 42-2 52 f i 17-2 ;0
2 65
2 65
2 65
2 25-2 2 7
Grate..* 2 45-2 65
2 65
Stove... 2 45-2 57
Oh’nut.. 2 42-2 55
do....
Matainoras.
Savanilla,
WetSalted—Buen.Ay,
Liverpool house cannel
Anthracite—Prices at last Auction, or by July
schedule :
(Prices for August unsettle!.)
Penn.
D.L.&W. D &II. P. A it. L. & W.
Port
California,
.70
..
i2ur
None
Foreign
23 X
22
21
21
21X0
6X0
3 37X©
5 53
Domestic, common
Matamoras
2 75
5 25
5 CO
3 00
100 lb.
....@
Re-reeled Cotngouu
SPELTER-
8
6
6
4X0
Dry Salted— Maracaibo,selected “
10 000 11 00
13 000 14 00
Llverpoolgae cannel
**
-
per
SILK—
Usual reel Tsatless
Usual reel Tavtjaams
Re-reeled Tsailees
00
00
00
00
.
Ayres,selected.*ftgold
do....
Corrlentes,
**
do....
Rio Grande,
do....
0
Orinoco,
do....
**
33
8X0
6 @
......7
Crude
Nitrate soda..
75
@215
@135
@210
gold.2t0 90
“ 270 00 @275
,..*ft “
7X0
3X0
"
Montevideo,
40 00
33 00
75 00
28
18
35 00
93f@
Lead,wn., Amer.,pure dry
8X@
Sine, wh.,Amer. dry. No. 1
6X0
9 @
Zinc, wh.. Amer.,No.1,In oil
Paris white. Ez*., gold....* 100 ft. 1 80 @
BUTTER— Nexo—(Wholesale Prices)—
Dairies, pails, g’d to p’rae State * ft.
13 a
West’nfact’y, tubs, g’d to ch’ce “
13 @
HT flrk.,tuba,State, f’r to prime “
13 @
Welsh tubs, State, com. to p’rne “
13 @
* ton. 175 00
130 00
Dry—Buenos
1 15
@70 ou
@ 22 00
@
@
@
@
@
@
@
HEMP AND JU i’E—
American dressed
American undressed
60- 0
HIDES—
....
*lb
gold
“
Reflned.pure
* 100 ft
Russia,clean
@ 6 00
@ U) 00
@ 27 00
@
@
@
Cutsplkes,allsizes
Faints—Ld.,wh.Am,pure, in oil * ft
New
SALTPETRE-
RAYNortb River shlnn’uc
Italian
Manila
Sisal
Jute
0
;...
New-
[VOL. XXV.
GUNNIES.—See report under Cotton.
UENEUAL
Egg
CHRONICLE
THE
146
.
25 *U
r
@FedFRASER