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HUNT'S
MERCHANTS’
MAGAZINE,
W^jeIt121 IMwspape*,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL. 29.
SATURDAY, AUGUST 16, 1879.
C O N T E N T 8
.
THE CHRONICLE.
157
arry in tl
jMilte of the Saratoga Bankers’
Results
Convention
15S
Can State Debts be Enforced?
159
The Cotton Convention.
160
Latest
Monetary and Commercial
160
English News
..
Commercial
News
....
THE
BANKERS’
[oney
and
Miscellaneous
162
GAZETTE.
I
Quotations of Stocks and Bonds.. 166
Haifa
way Stocks, Gold Market,
167
| Local Securities
Foreign Exchange, N. Y. City
I Investments, and State, City and
Banks, etc
163 |
168
Corporation Finances
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
Breadstuffs
172
172
178
^
*
Dry Goods
Imports, Exports and Receipts..,
Prices Cur ent
179
180
181
They then reported $18,785,400 specie, and $41,791,400
legal tenders, or a total of $60,576,800; last
Saturday they reported $19,624,100 specie, and $50,435,500 legal tenders, or a total of $70,059,600. Soa
also, the Philadelphia and Boston banks together show
an increase
in lawful money of nearly $3,000,000
since
the
and
news up
on
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WILLIAM B. DANA & OO., Publishers,
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Post Office Box 4592.
A neat file-cover is furnished at 50 cents;
postage on the same is 18
Volumes bound for subscribers at $1 20.
For a complete set of the Commercial and Financial Chronicle—
July,
1865. to date—-or of Hunt’s Merchants’ Magazine,
the office.
at
1839 to 1871, inquire
three
sets in.
side of
a
We
serious disturbance in
on every
the loan market
June
46.902.600
“
“
“
“
the fall months. It may be worth while briefly to examine
some of the conditions which are
producing the present
activity.
Philadel.
Lawful
Money.
$
41.791.400
42,822,800
44j851,900
43.859.400
“
$
2
9
16
23
3.563.400
3.948.500
3.559.400
3,557,700
30 8.547.400
3,886,700 15,938,439
4.168.200 15,790,707
4.165.500 15,883,014
4,118,400 15,311,615
4.433.500 15.790,181
“
“
“
The above would
seem
to
16,205,151
16,533,493
16,307,446
17,405,816
17.396,893
17,590,102
indicate that the Govern¬
ment
operations have less to do with the present con¬
dition than i» generally attributed to them. The same
truth is confirmed by the fact that in the last
Treasury
statement, the one for August 1, the currency and gold
balance together amounted to about 3 millions less than
the total of the same items held
July 1, and about 7
millions less than the amount held
on
June 1.
These
that there was no accumulation of lawful
in the Treasury during that period, hut a con¬
prove
excess
in disbursements.
But
notwithstanding the comparison with June 1st
that, if all other influences were unchanged, there
is nothing in the Government movemenis to
produce the
stringency of this week, yet it is a fact that, since the
first of August, the Government has been
increasing its
currency balance. The nature of this increase may be
seen in the
daily Treasury statements, which have been as
shows
“
“
daring
he
Legal
“
“
consequently hear prophecies
will
Tenders.
“
money
weeks
Specie.
“
siderable
outstanding,
it
Boston.
since, the inference is, that interest should rule modern
ately low until enterprise has become quite active.
On the other hand, the last bank statement, for the
city banks, showed only $6,752,050 excess in the
reserve over the legal minimum,
and during the week a
7 per cent rate, and even above that, has been reached.
follows.
These latter facts, if not otherwise explained,
certainly
Receipts.
Payments,
point to an active demand for money with hardening
31.. $8,622,979 09 $5,995,792 24
rates, when the crops begin to move freely and fall busi¬ July
Aug. 1.. 26,760,480 52 25,840,212 01
ness
connection
5 19.889.600 49.544.600 July 7 3.585.200 4,717,100
12 19,971,500 51.301.900
14 3.620.400 5.433.900
"
19 20,011,700 50.508.900
21 3,590,900 5,390,800
26 19.927.600 54.288.100
28 3,572,000 5,386,300
Aug. 2 19.652.400 57.655.100 Aug. 4 3.567.500 5.354.200
9 19,624,100 50.435,500
111 3.561.200 5.643.900
figures
FLURRY IN■ THE MONEY MARKET.
With the great mass of currency now
the amount of which we stated in detail
28 19.666.400
July
Advertisements.
JOHN G. FLOYD, JR.
this
Tenders.
$
May 31 18.785.400
June 7 18,996,700
14 18.780.900
21 19.296.900
6s.
1
7s.
Subscriptions will be continued until ordered stopped by a written order, or
at the publication office. The Publishers cannot be responsible for Remittances
unless made by Drafts or P» st-Office Money Orders.
WILLIAM B.
In
Legal
Specie.
Satur¬
to midnight of Friday.
For One Year, (including postage)
For Six Months
do
Annual subscription in London (including postage)
Six mos,
ao
do
ao
date.
New York.
Financial Chronicle is issued
day morning, with the latest
same
interesting to note the actual changes in the lawful
money held by the banks of the three cities, within the
period named, which we give below.
The (Chronicle.
The Commercial
NO. 738.
“
“
“
“
“
“
“
2..
4..
5..
6..
7..
8..
9..
11..
12..
13..
14..
8,624,077
3,467,872
2,221,748
8,755,759
5,789,139
97 3,745,083 78
66 5,637,474 92
12 6,826,031 00
45 3,542,626 83
29 2,968,270 41
6,121,582 60 3,534,257 33
965,428 31 2,517,511 06
26.329,464 55 23,931,036 19
1*045,554 96 2,241,428 62
2,868,318 '80 1,360,007 45
1,522,563 25 1,721,876 44
Coin balance.
Cur. balance.
$127,567,970 76 $35,915,443 24
127,557,553
127,455,254
127,573,275
127,869,466
127,964,959
48
03
83
94
53
91
62
28
47
07
86
36,846,129 03
41,827,422 30
39,639,861 72
36,639,387 73
41,757.017 76
128,105,156
44,437,689 26
128,218,124
46,912.036 82
128,170,444
45,407,634 40
128,665,323
47,311,183 57
128,717,563
46.063,070 33
129,246,409
47,042,534 89
129.324,845 06l 46,764,786 50
And, in the first place, it will he noticed that our
city banks do not show any falling off in the lawful
According to this table, there has been an accumu¬
lation
money they hold, compared with June first, when money
by the Treasury during the first half of the month
was comparatively
of
easy; on the contrary, there has been
nearly 11 millions legal tenders. Of course this accu¬
a
mulation
is a prominent cause for the stringency which
very material increase in their holdings since that date.
“
[Vol. XXIX.
THE CHKONICLE.
158
with any lengthened review of its proceedings. Those
prevailed, although it appears from the facts pre¬
have been laid before the public by the daily press, and
viously given that, if there had not been other causes
will probably all be1 published in pamphlet form, with
operating, it would not have produced that result. For
even after these large withdrawals the
banks, as we great detail, and distributed among the members for
their private perusal and study.
Mr. Comptroller
have seen, still report larger holdings of legal tenders
has
when money was easy.
important one in this
than in June,
This circumstance
inquiry, because it
requires us to look at the changed nature of the bank
business during the period named, for the true solution
is
a
very
will be there, as
well as the briefer but forcible remarks of Mr. Buell, *
Mr. Coe, Mr. Camp, Mr. Gibson and many others.
Altogether, then, that pamphlet will be a very useful
as well as a very valuable one, and will be generally
Knox’s able and exhaustive address
existing situation.
Turning our attention, then, in that direction, we find preserved.
But the members having now returned to their bank
first of all a decided increase in the demand for money
from the holders of the 4 per cent bonds, which have parlors, and having these proceedings fresh in their
been up to this time carried by the Treasury, but are minds, are in excellent condition to weigh results. First
now being carried through the banks.
This has given of all, then, it will be unanimously voted that the dele¬
employment to much idle capital and increased the bank gates had a good time. And we are very far from
loans.
A similar effect has also been produced by the undervaluing that fact. Business men in this country
of the
enlarged stock transactions and by the improvement
in general business. The extent of these demands are
in some measure indicated by the fact that the aggregate
August 9, was $272,936,000, against
$253,575,500 June 28, an increase of nearly twenty
millions in six weeks. Furthermore, the larger stock
of the bank loans,
and payments of the
to make a more active
market, as all transfers of currency from one point to
another must. This is well indicated in the above
statement of the Sub-Treasury, showing the daily bal¬
ances which have had to be paid in and out of the SubTreasury. Such a movement must keep a considerable
amount of legal tenders in employment.
It will be
noticed, also, that the aggregate clearings of the banks
have been very large since the 1st of August—larger
than for many previous weeks.
All these influences,
acting together at a time when the Treasury was
adding to its balance, would seem to give a sufficient
explanation of the causes producing the existing con¬
settlements, and the heavy receipts
Government, tend in some degree
dition.
But these facts
are
mainly of interest as
shedding
light upon the future. That we could not expect the
long continuance of a 3 per cent money market we have
-often shown. A revival of business enterprise must
rmake new uses for money and enlarge the old ones, and
hope to eat our pudding and keep it too.
But there seems to be no good reason for any stringency
we
cannot
confine themselves much too
closely to their work, and
judge of other banks and bankers by those
we see in this city, no class are more thoroughly over¬
worked than the very members of this convention. So
to us it certainly seems of sufficient importance to jus¬
tify the continuance of these meetings, even if no other
good could be derived from them, that they promote
relaxation, pleasant intercourse, and lead to a more
familiar acquaintance with one another, and a freer
exchange of ideas.
Then, again, besides these more personal advantages,
the representative bank is in some measure benefitted
through the opportunities the convention affords to per¬
fect or continue business engagements, for we all carry
our shop with us.
Furthermore, this annual ventilation
of ideas with regard to the burdensomeness of taxation,
the excellencies of the national banking system, &c.»
may convert some one, and possibly may remit some
tax, for all things are possible. That it never has accom¬
plished anything in those directions, is of course not at
all conclusive against continuing the effort.
We ex¬
pressed, two weeks since, our doubt in its efficiency, not
solely or mainly because it never had done any good, but
chiefly because the conditions of the public mind were
unfavorable to its effectiveness. Grant, if you will, for
it is the truth, that there is among the majority of
people an ignorant hostility to all banks, and that every
interest is striving to relieve itself from taxation at the
expense of some other :—admitting these premises, can
if
we
may
high rates. The Sub-Treasury currency balance was
Thursday night $46,334,927, which was, as we have any great result be expected to follow from speeches
made at an annual meeting of bankers, the parties in
already stated, about 11 millions more than on the last
interest, protesting, arguing, pleading for relief. Every
day of July; furthermore, there were that day outstand¬
time these arguments have been repeated in the past^
ing only $.0,275,000 Clearing-House certificates, so that
Mr. Sherman has it in his power to permanently put out immediately has come back the complacent reply that it
is good enough for you; you deserve it, and more too;
15 millions of currency and still have on hand a good
working balance. We have no doubt he will do so soon you are the oppressor, and not a few add, we like to hear
and relieve the market of all pressure. In addition to you plead. Still, as we said before, it is possible that
these protests may effect something, so let them be con¬
that, there must also be shipments of gold from Europe,
which will further enlarge the loaning capacity of the tinued, for they harm no one, and appear to be popular
banks, and probably some of the 4 per cent bonds now among a large number of the sufferers.
In however thus thinking over the convention and its
being carried here will gradually find their way to
■England or the Continent, and thus release the funds at results, does there not seem to be something lacking in
the proceedings ? Here is a body of men meeting from
present locked up in them. Altogether, therefore, does it
not seem as if the fall money market ought to work year to year, acknowledged to be especially intelligent^
and on financial subjects much better informed than the
smoothly, although we cannot expect to borrow at the
same number of men in any other industry.
They have
\Yery low rates which have so long been ruling.
under their guardianship millions upon millions of capi¬
RESULTS
OF THE SARATOGA BANKERS' tal suffering by reason of the simple ignorance of the
CONVENTION.
majority of voters. In the same connection too it must
be admitted that the American people who are thus
The convention of bankers has met, listened to some
brilliant speeches, and adjourned. We should hardly oppressing this industry through ignorance, are peculiarly
teachable.
We believe that the public mind and
feel
or
on
.
justified in occupying the attention
of our readers
THE CHRONICLE
16,1879.]
ias
,
1
1
August
.....
.
159
:
heart, if only enlightened, can be trusted in any emer¬ doubt, from
examination of the circumstances, that
gency ; this has been so often, in our short history, tried the intention was to destroy the suability of States, as if
and
proved that there is no basis for a doubt. Besides,
the whole difficulty lies in a mere misapprehension, for
we all know that banks, instead of being a combination
of capitalists formed to extract from the people every
cent they can, are (1) the instrument which necessity and
experience have created for extending to the producer
the assistance of capital, and (2) that they do this at a
lower rate of interest than would rule if they had no
existence, really standing between the people and the
usurer.
These being facts, what course would good
judgment dictate ? Most certainly that these facts be put
into such a form as to be easily understood by the class
intended to be reached and so excite their interest. Dry
economic essays gotten up in a cheap style will not do
this. But we find nothing in the proceedings of this
convention showing a willingness to undertake this work;
in fact is there not shown an entire absence of apprecia¬
tion of the emergency—a simple hacking away at the
question of taxation when by striking at the evil itself the
people might be put into a frame of mind to discuss that
question. Non-action under such circumstances looks to
us like a
great opportunity wasted.
it had been enacted that “
The last
Legislature of New Hampshire passed “ an
protect citizens of this State (New Hampshire),
having claims against other States.” Under the act—
which is similar to one passed in this State, about a year
ago, but vetoed—any citizen of New Hampshire hold¬
ing a dishonored claim against another State may
assign it to the State and give security for costs, where¬
upon the State Attorney-General must bring suit in the
act to
of New
Hampshire. But of course any non-resi¬
dent can sell ©r assign his claim to a New Hampshire
man ; hence, although the act
professes to be for the
benefit of citizens of the State only, it seems perfectly
easy to extend its application, if successful, and New
Hampshire th&s has taken a step towards making an
name
a
State shall
not be
sued
-
yet this was not expressed, and the suability of States
only limited.
Suppose New Hampshire sues, the first step in resist¬
ance
may be to plead, what is notoriously true, that the
State is not the real party in interest, and that the form
of the suit is an attempt to evade the amendment.
This
plea substantially has been once made already, in the
Ohio case of Osborn vs. United States Bank [9 Wheaton,
738], in 1824.
Pursuant to State law the Auditor,.
Osborn, had seized $100,000 belonging to a branch of
the Bank in Chillicothe in lieu of unpaid taxes.
The
Circuit Court ordered restitution; the Auditor appealed,,
pleading the amendment as a bar to all proceedingsvThe Auditor urged that he was really the State, and
hence the Court had no jurisdiction.
The Bank con¬
tended that it was suing Osborn, not the State, and that
“in all cases where jurisdiction depends on the character
“of the party, reference is made to the party on the
“record, not to one who may be interested but is not;shown by the record to be a party.”
To this Chief
was
“
“Justice Marshall said: “In
“on the
CAN STATE DEBTS BE ENFORCED?
an
“
where
State is
party'
record, the question of jurisdiction is decided
cases
a
a
If jurisdiction depend, not on this
on the interest of the State, what rule
has the Constitution given by which the interest is to
“be measured?
If no rule be given, is it to be
settled by the Court ? If so, the curious anomaly is
presented of a court examining the whole testimony of
a cause,
inquiriog into, and deciding on, the extent
“of a State’s interest, without having the right to
exercise any jurisdiction in the case. Can this inquiry
be made without the exercise of jurisdiction ?” If tha
plea of no jurisdiction is made, in the possible New
Hampshire case, it will be on the reverse side. In the
Ohio case, the appellant, Osborne, urged that the Cir¬
cuit Court had no jurisdiction against the State, sued
through him ; here the defendant would plead that the
appearance of the State as plaintiff was fictitious, hence,
that there was no jurisdiction.
Evidently the plea
would be stronger than in the Ohio case, because the
“
by inspection.
plain fact, but
“
“
“
“
“
“
interesting test case.
Originally the Federal Constitution distinctly recog¬
nized the suability of a State by any plaintiff, and gave
the Supreme Court original jurisdiction in all cases casus there was the act of a State officer, while here the
where a State was a party. Yet this question was raised evasion and intent would be.
palpable. The Ohio case
in the Chisholm case [2 Dallas,
419,] and was decided was decided for the bank, the jurisdiction plea being,
Feb. 18, 1793, Chief Justice Jay pronouncing absurd overruled, but the inference that a like course would be^
the doctrine that while a part of the population of a taken in the New
Hampshire case is not quite clear. Of
State can be sued the whole collectively cannot be ; one thing, however, we
may be sure : that the judges
accordingly, the State of Georgia, defendant, was cited would be well aware of the peculiar disagreeableness of
to appear and answer the
complaint. But such was the the case, and would dismiss it if any tolerable grounds
popular feeling excited by this, assisted probably by could be found, technical or otherwise.
But suppose the action is tried, and judgment
apprehension of other suits to follow, that in the very
next month the well-known eleventh amendment was obtained ?
In some States it is held that municipal
rushed through Congress, and, after five years time,
private property — that is, such as is held for
obtained the needed ratification.
This provides that profit and charged with no public trusts or uses—
“the judicial power of the United States shall not be
may be sold on execution ; in other States, it is held that
construed to extend to any suit in law or
equity com- there can be no enforcement by execution. The former
menced or prosecuted against one of the United States seems to be the more reasonable rule. As to taxes and
by citizens of another State, or by citizens or subjects revenues, either in the Treasury or in transit to it, they
of any foreign State.” In what condition did this leave must be deemed
exempt, because essential to the exist¬
the subject ? Section 2, article 3, of the Constitution, ence and
purposes of the municipality. It would be
enumerating to what the judicial power shall extend, absurd to say that a less liberal rule of exemption applies
specifies, among other things, “ controversies between two to the State itself than to the municipal corporations
“or more States ; between a State and citizens of another which it
creates; hence only private property of a States
State ; between citizens of different States
*
*
* as above defined, can be in any event liable to execution^
“and between a Slate, or the citizens thereof, and Such
property, if portable, like bonds in sinking funds,,
“foreign States, citizens, or subjects.” The amendment might not be found when wanted, or there might not b&
left untouched the italicised clauses. There is little
any. Suppose public buildings are subject to levy, they
“
“
“
“
“
THE CHRONICLE.
160
purchaser, nor could he feel sure
title which would not be disputed subse¬
could be of little
of
use
THE COTTON
to a
getting a
quently, or of being allowed to take possession undis¬
turbed. Nobody would want to bid ou a lawsuit or to
face an enraged community, and this consideration would
apply particularly to State lands, which must be person¬
ally occupied in order to be worth anything. Practically,
therefore, the prospects of realizing anything by levy
upon State property must be deemed very uncer¬
[vol. xxix.
CONVENTION.
delegates from most of the Cotton Exchanges
States, assembled in this city on Wednesday of
this week and remained in session three days, adjourning sine die
Friday afternoon. A more intelligent and justly influential
body of men has seldom been gotten together, and their influ¬
A convention of
of the United
rightly directed, and enforced with energy, must be potent
good to the interests confided to the Convention. The
organization of Cotton Exchanges, though in most cities of
comparatively recent date, and their co-operation through a
central organization, have already accomplished much for the
tain.
trade ; but a great deal more is yet to be done, not in following
There would then be nothing left but the writ of man¬
beaten paths, but in developing new points of interest to the
damus directing the legislature to levy a tax.
The legis¬ cotton grower, to factors, manufacturers and consumers—har¬
lature might disobey, or the tax-officers might do what monizing their conflicting feelings and interests, by bringing
has often been done—resort to any of several methods them to a better understanding of each other's views and needs.
The organization of the New York Cotton Exchange, by
of evading the duty, there being a general agreement
developing the business in futures—and the Financial Chroni¬
against any collection. It has been suggested that, in cle, by the procurement of telegraphic weekly reports of the
this event, Congress might authorize the Court to appoint weather at the South and the
progress of the crop—inaugu¬
tax-officers, who should apportion each man’s share, rated a new era in the cotton markets of the world, reducing
which would then be a separate debt due from him indi¬ the risks of business, and promoting the importance of this city
Congress would do this is going a
great ways ; but suppose it done—or that the Court
should take this step on its own responsibility—the case
vidually. To
suppose
would then be
that the tax-officers
would be
perfectly
willing to collect, but the people i one the more so to
pay.
Already, however, in two cases [Rees vs. Watertown, and Heine vs. Leola Commissioners, 19 Wall., 107,
655, 1873,] the Court has refused to undertake the deli¬
cate functions of taxation.
In one of these cases, after
mandamus had been tried repeatedly without effect, the
plaintiff boldly took the ground that the city authorities
were virtually trustees and all property a trust fund, for
the purpose of paying public debts ; hence he asked that
the federal marshal be ordered to seize and sell any priv¬
ate property, leaving the owner to seek redress from the
rest. The Court positively rejected this view, and refused
to
do
than
more
renew
the ineffectual
writ; in
a
later
ence,
for
as a
But the work of the National Cotton Asso.
cotton market.
thereby by any means anticipated. Its monthly
reports of the movement of the crop, including the quantities
forwarded overland and taken by Northern spinners, are valu¬
able, and when their accuracy is fully assured, will be more so.
Still, it is best to “ make haste slowly.” The subject of a tare"
on cotton is one which has been much discussed, and often with
a good deal of feeling. It is declared that the custom of selling
cotton by gross weight not only works hardship to the buyer,
but encourages fraudulent practices ; and yet it heed cause no
surprise that the Convention was unable to decide upon changing
it; a resolution was adppted, however, relegating the matter
to the various Cotton Exchanges, with a request that a committee
of three be appointed by each to consider the subject and report
at the next annual meeting.
The discussion of this matter, as
opportunity suggests or presents, cannot do any harm, and may
finally lead to its adjustment, on satisfactory terms, or at least
promote the removal of the more serious cause of complaint.
We can hardly second the suggestion that the signal service
ciation is not
of the United States be extended in the service of the cotton
It is
hardly a function of Government to furnish
accounts of markets and such matters for the
the same ground was taken.
The doctrine urged
public use,or to guide speculation. These duties properly
in
the
Watertown
it will be observed,
case,
belong to the Association itself or the press. What the Gov¬
is that of unlimited liability of all private property for ernment
may do incidentally in this way, may very well be
all public debts—in effect, that all taxpayers are mem¬ done ; but special efforts are of doubtful policy, as opening the
bers of a general copartnership for the purposes of carry¬ path to an undesirable influence with the course of trade.
where thirty taxpayers were sued individually,
case,
interest.
weather reports,
that
the other
before the
Of
matters
came
we do
public business. Obviously, this would be mon¬ not now attempt to speak ; but we commend Convention,
the calm temper
strous, and only in New England—there, by usage and and just spirit with which fjjhe Association discussed the various
practice—is private property liable at all on a public subjects brought to its attention.
judgment. These cases are all of municipality suit>;
BXmietargi Commercial ^uglislt ileurs
but, of course, it must be supposed that what, may not
be applied against the less may not be against the RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.'
ing
on
greater.
The
law
procedure contemplated by the New Hampshire
seems
thus beset with difficulties and dilemmas at
every step, both legal
likelihood of actually
and
pract
ical.
We
can
*ee no
getting any money by ir. Nor
should it be forgotten that ihi* course must nee*-sariiy
raise, in the most pronounced and irritating way, the
question of State rights, for it will be a direct a tempt
to have the General Government compel a State to pay.
What State sovereignty is—that is, a S aie being
supreme, with few exceptions, within its own bound¬
aries, what are the relations an I t he Lrniia'inns of
power between the Slates and the Union of 8 at.es—in
still a subject all unsettled.
The organic law «d tins
Union forbids ^States to do certain thing*, for example,
to impair contracts and make anything except g Id and
silver legal-tender; an attempt to proceed unde this
New Hampshire law will be an attempt, to revive the
situation of 1793, and force an analysis of the n ture of
the Government.
It will be an interesting inquiry, but
will it be profitable?
EXCHANGE AT LONDON—
August
Rate.
Time.
Ox—
Amsterdam.
Amsterdam.
Antwerp
1.
'
12031 @12*13i
12-318 ® 12-358
Short.
3 mos.
ii
Hamburg
ii
..
a
Berlin
Frankfort...
20-60
20*60
20-60
a
a
Leipzig
St.Pctersb’rg
a
a
Bombay
Calcutta
....
days
52
a
Ilong Kong
Shanghai....
.
....
....
25*28
25*3 L
20-45
@20*64
July 31
23 3, @24
115-70
27-65
47-45
mos.
it
ii
ii
“@52^8
....
30 days
25*32
@20-64
4658@4678
4678@4718
a
....
12*03
@2064
.
Cofistau’ple.
Rate.
■
July 29 3
ll-77^a)Il*82^ July 31
28-30
@28*35
July 31
a
Cadiz
Lisbon
90
New York...
Alexandria
'
Time.
July 31 Short.
241s@2458
a
Vienna
Genoa
Madrid
Date.
July 31 Short.
July 31 Cheq’s
25*42*2®25*47*2 July 31 3 mos.
20-60
@20-64
July 31 Short.
Short.
3 mos.
Paris
Latest
25*45
@25-50
25-27 *2@25-37i2
....
Paris
EXCHANGE ON LONDON.
Is. 7VL
Is. 7 VI.
July
July
July
July
July
July
31 60 days
29 3 mos.
29
31 6 mos.
t
31
ii
31
July 31
4-8312
963s
ii
•
ii
109*56
'
Is. 778d.
Is. 776(1.
3s. 8 VL
5s. O^d.
f Fro in our own correspondent. 1
London, Saturday, August 2, 1879.
Money has been in fair demand during the week, but the
presented no important feature, and the rates of dis_
count have not varied to any important extent.
The supply of
idle money is very large, and as there has been no improvement
market has
August
161
THE CHRONICLE.
10,1879,1
1879.
1878.
1876-
1877.
general condition of trade, ease is almost certain to be the Bank rate
2 p. c.
4 p. c.
2 p. c.
2 p. o.
95
95i8
977e
967s
.prevailing feature until the autumnal demand sets in. The sup¬ Consols
47s. 7d.
64s. 6d.
47s. 5cL
44s. 7d.
Eng. wheat, av. price.
ply of bullion held by the Bank is now almost £36,000,000, and as Mia. Upland cotton...
6Cgd.
63i«d.
5Hi6d.
lOd.
9 *2d.
10i|d.
%
the French and other principal Continental exchanges are in our No. 40 mule twist.
Clearing-House return 73,682,000 108,672,000 103,895,000 103,560,000
favor, a further increase in it is probable. The New York
The Paris exchange is in our favor, and as far as the Conti¬
exchange, however, is still against us, and it is possible tha^. nent is concerned, the tendency is for gold to come to London.
gold will be sent to America; but such a movement is not ye^ The New York exchange, however, is favorable to an export of
regarded with certainty. Although we shall have to import gold. The silver market is weaker, and the price of fine bars
largely, we are not at present paying anything like a high is now only
per ounce. The Indian exchanges are lower,
price for wheat and other grain, and it is still possible that the and the Council bills were sold on Wednesday at Is. 7%d. per
present currency of value will attract the supplies we require. rupee.
The Bank return shows no new feature. The supply of bul¬
The following are the current rates of discount at the prin¬
in the
lion and the
reserve
continue to
increase, and the latter is
now
£21,372,218 against only £8,903,407 last year. The actual quan¬
tity of gold on hand is £35,694,093, and it compares with only
£21,960,422 in 1878. “ Other securities” continue to diminish
being only £17,759,826, against £18,665,658 last year. There is,
consequently, ample evidence of the abundance of money
and should the weather continue fine, and wheat and other
cereals remain low in price, it is quite probable that difficulty
will be experienced in maintaining even the present low rates of
discount. The only satisfactory feature respecting trade is
this:—A few weeks ago the weather was so unpropitious and
the harvest prospect so discouraging that matters appeared to
be going from bad to worse. Ten days of brilliant weather,
however, have checked that adverse tendency, and this must be
regarded as an improvement. If bad weather was calculated to
produce depression in trade, brilliant weather should have a
contrary effect. At the same time, there is not the slightest
activity in any department, and there is still a want of eonfi_
dence; but there have been fewer rumors of failures, and, if
any change is perceptible, it is certainly favorable. It may be
observed that August and the early part of September are sel¬
dom periods of animation in business. The season has termi¬
nated. London begins to empty itself, and politicians and men
of business are seeking recreation. Commercially, also, the
season is terminating, for the remaining portions of last year’s
crops are arriving, and information is being sought after
respecting another year’s crops and prospects. It is very
necessary at all times to deal with caution and judgment; but
it is especially desirous to do so now when competition is great
and when profits are small. Business generally is conducted
on fine lines, and we are daily
becoming more accustomed to
cash payments. The domestic extravagances of former
years,
and the troubles they have entailed, have brought about rather
a rigid system of economy.
Co-operative stores are doing a
larger trade than ever, and other means are being adopted with
a view to deal more direct with the ’producer.
By thus econo,
mixing, the large middle class is accumulating wealth, and
thus the process is in operation of a more even distribution of
money, which is one basis of good trade. Extravagant living
on a somewhat general scale, benefitted
somebody, but it
brought about evil results, and the remedy is now being applied.
We are discovering that economy is profitable, and there are
indications that the public will for a long time to come be very
.studious to obtain full value for their money.
Partly in connection with the Stock Exchange settlements,
money has been in moderate demand during the week; but the
market closes with an easy appearance, at the following
quotations:
Per cent.
2
Bank rate
Open-market rates—
30 and 60 days’ bills
3 months’ hills
%®7a
^ ® 7s
Open-market rates—
Per cent.
4 months’ bank bills
1*8®!^
6 months’ bank bills
4 <fc 6 months’ trade bills. 2 ®2*2
The rates of interest allowed for
deposits remain
as
under:
...
...
...
Hamburg
...
Frankfort
...
Leipzig
GenoaV
...
Geneva
...
i$
%
statement
1879.
Public deposits
Other deposits
Covernm’t securities.
Other securities
Res’ve of notes
coin
Coin and bullion in
both departments
..
£
28,347.702
1877.
£
1876.
3
3
3
3
4
3
18,665.658
21,372,218
8,903,407
12,983,171
28,931.980
5,303,493
28,688,877
15,702,325
16,896,302
19,621,201
35,694,093
21,960,422
26,741,531
33,553,181
56 26
34 46
4,378,466
33,293,487
16,749.642
17,759,826
3,567,542
21,977,431
16,130,8SG
St. Petersburg
Vienna & Trieste.
...
Pr. ct.
5
Pr. ct.
4 ®412
4^
4
<®414
4
5
4
5
®5
®6
Madrid, Cadiz &
2%®23s
2 ®2*e
214®212
Barcelona
Lisbon & Oporto.
New York
Calcutta
3
Copenhagen
®3j2
Open
market.
rate.
•
•
•
312®41a
•
6
4
©4^
4
®4*2
3
The
public sales of colonial wool will be commenced on the
Messrs. Jacomb, Son & Co. report that fair consump¬
tion of the article is reported both in the home and Continental
manufacturing districts; the very animated demand, at en¬
hanced values, for merino wools in the various markets of the
United States of America existing some two months ago has
since abated. In English wool there is no recovery from the
lowest point, which leaves prices for such at a lower level than
has been known for many years past.
Some rain has fallen during the last two days; but it has been
12th inst.
confined to
genial showers, and has been productive of benefit
It is again fine, and the trade for cereal produce
is very quiet. Home supplies, however, are small, and holders
are reluctant to accept lower prices; but, owing to the abundance
of American produce, the general tendency is favorable to
to the crops.
buyers.
During the week ended July 20, the sales of home-grown wheat
in the 150 principal markets of England and Wales amounted
to only 19,089 quarters, against 26,432 quarters last year;
and it is estimated that in the whole kingdom they were 76,350
quarters, against 105,730 quarters in 1878. Since harvest the
sales in the 150 principal markets have been 2,420,605 quar¬
ters, against 1,809,292 quarters; and it is computed that in the
whole kingdom they have been 9,682,420 quarters, against
7,237,170 quarters in the corresponding period of last season.
Without reckoning the supplies furnished ex-granary at the
commencement of the season, it is estimated that the following
quantities of wheat and flour have been placed upon the British
markets since harvest:
1878-9.
Imports of wheat.cwt.44,923,691
Imports of flour
8,198,746
Sales
of
1877-8.
1876-7.
1875-6.
51,692,207
40,369.927
7,564,545
6,203,964
50,648,169
5,779,905
.
home-grown
41,957,180 32,020,000 33,962,300 34,679,100
produce
95,079,617
of
1,721,909
90,676,752
80,536,191
91,106,174
1,585,772
819,449
893,640
Result
93,357,708
Av’ge price of English
89,090,980
79,716,742
90,212,534
50a. 5d.
53s. 9d.
45s. lid.
Total
Deduct
exports
wheat and flour
wheat
vhea for the
season.
40s. lid.
The
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the 1st of September to the close of last week, compared
with the corresponding period in the three previous years:
IMPORTS.
Wheat
cwt.44,923,691
Barley
9,638,579
10,688,775
1,503,998
Peas
Beans
Indian
Flour
1,565,067
35,053,837
corn
8,198,746
1877-8.
1876-7.
1875-6.
40,369,927 50,648,169
13,253,326 12,186,563
7,811,940
11,318,928 11,027,027 11,502,637
1,677,370
1,251,755
1,360,448
2,624,728
4,170,522
2,715,170
34,099,192 31,673,900 27,702,948
5,776,905
-7,564,545
6,203,964
51,092,207
EXPORTS.
1878-9.
Wheat
cwt.
1,562,102
Barley
107,021
Oats
Peas
Beans
Indian
FJour
95,365
24,811
16,692
471,651
159,807
com
1877-8.
1876-7.
1,500,536
772,716
62,484
49,978
111,048
19,801
19,560
227,263
85,446
85,995
22,693
31,540
490,738
46,733
1875-6.
863,524
23,902
356,300
38,465
10,118
48,595
30,166
£
28,758,360
5,369,654
23,079,821
15,240,605
18,445,792
Proportion of
reserve
to liabilities—
1878.
1^2® 1 34
2 ®214
3 ® 3 *4
2*4® 2*2
!2*2
Bank of
Circulation, including
£
bank post bills
29,637,121
Bank
Open
market.
Pr. ct.
..
Oats
1
showing the present position of the
England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers’ Clearing House Return, compared with the
three previous years:
a
Paris....
Brussels
Amsterdam
Berlin
:
Bank
rate.
Pr. ct.
2
1878-9.
Joint-stock banks
Discount houses at call
do
with 7 and 14 days’ notice of withdrawal
Annexed is
cipal foreign markets
Enslbh market Reports—Per Cable.
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of England has increased £36,000 during the week.
The
THE CHRONICLE
162
Sat.
Tues.
Mon.
FrI.
Tliurs.
Wed.
Canal Tolls
Aug.9. Aug.ll. Aug. 12. Aug. 13. Aug.14. Aug. 15.
'Silver, per oz
<7. 51^
Oonsols formoney...... 979ie
•Oonsols for account
979i6
JJ. S. 5sofl8Sl
105*8
*J. 8. 4*2S of 1891
..1093s
U. 8. 4s of 1907
105*8
Erie,
common stock
Illinois Central,
Sl^ie
51^
977i$
97^
105*8
1093s
105*8
105*8
1093a
105*8
2878
287s
287s
92*2
93
.Pennsylvania
Philaaelpliia& Reading. 20%
105*2
105*2
1093sxl08*4
104*s
10478
93*2
42
20%
414*
20*2
Liverpool Cotton Market.—See special report
Liverpool Breadstuffs Market.—
Sat.
State)
.
Av.Cal. white..
“
9
California club.
“
9
•'X^om.miXjSft.oldj^cent'l 4
Prime, new
4
“
s.
24
8
8
9
0
4
9
1
9
9
9
8
4
7*2 4
bbl..24
■Wheat,spr’g.No.2,1001b. 8
8
Spring, No. 3...
“
Win tor, West.,n.
“
9
Southern, new
“
9
Flour (ex.
Tues.
Mon.
d.
O
9
0
s.
d.
0
23
8
8
9
9
0
0
4
1
9
8
9
9
9
4
7*2
4
23
8
8
9
9
9
9
4
4
9*2
9
Liverpool Provisions Market.—
Sat.
8.
d.
Fork, West. mess.. $>bbl.49 0
Bacon, Ion*: clear,cwt..25 6
“ ..26 0
Short clear
Beef, pr. mess,
tierce
6
6
Lard, prime West, ^cwt.30
•Cheese, Am. choice “ 31
Mon.*
49
25
26
d.
0
6
6
Tues.
8.
d.
49 0
25 6
26 6
31
31
0
0
31
31
s.
42
20*2
Tliurs.
s.
23
8
8
9
9
9
9
3
0
8
9*2
9
8.
0
0
31
30
Pet’leum, ref. 39 gal...
Fet’lemn, spirits “
..
rd>
@
.
.
.
.
Articles.
*Fur and peltry
Boards& scantling
.
@
O
31
6
30
Wed.
d.
.»
.
•
•
..
.
.
.
@
@
$21,059 $32,366
6
6
48
0
0
6
31
30
6
0
Fri.
d.
d.
6
m
•
Tliurs.
.
..
@6*8
@
.
.
..
..
@
@>
the canals
e>
*Domestic
174,424 292,298
Tons.
Tons.
44,866
381
301
Timber
Staves
Wood
430
1,511
1,834
1,904
1,571
1,456
1,515
*Cheese
*Bar and
Oats
Bran & ship stuffs.
Peas and beans...
Potatoes
*Dried fruit
*Cotton
*Unmanuf. tob....
3
19
6
312
9,493
34,136
5
943
15,650
17,253
54
17
,
.
*Hemp
*Clover &
gr’s seed
355
125
1,337
1,328
40
2
11
150
21
7
7
104
*
1
6
3
11
2
pig lead.
431
636
1,530
Cast’gs & iron w’re
57
500
973
104
435
408
4,567
5,328
223
115
1,301
2,346
92
3
334
14
Iron and s+eel....
166
100
166
Railroad iron
230
2,691
Foreign salt
Sugar".
Molasses
'"Coffee
Nails, spikes, and
horseshoes
crock’ry, glassw.
125
105
All other mdse....
1,997
7,395
3,912
5,661
Stone, lime & clay
13 t
9
•
428
148
Anthracite coal...
Bituminous coal..
22,754
9,656
34,019
6,040
Iron ore
Petr’leuin or earth
7,830
11,010
Gypsum
7
4
enamel,
Flint,
'187
*Flaxseed"
Commercial airilJXXis cellatieous IXenrs.
2
^Domestic w’lens.
*Domestic cottons
Domestic salt
3
3
51
2
109
Rye
Barley
Barley malt
Tons.
Bloom & bar iron.
*Lard, tallow, and
Corn
*Corn meal
Tons.
spirits.
Pig iron
337
8
1
lard oil
1879.
*Leatlier
Furniture
2
36,651
*Wool
Hides
*
Flour
Wheat
1878.
*Hops... -.
*Pork
Fri.
26
26
Articles.
1879.
Shingles
*Ashe8, leached...
•
Mon.
Tues.
d.
d.
6 @6i8 6 @
6*2@7
Tolls
Total miles boats
cleared
Fri.
d.
0
0
6
London Petroleum Market.—
Sat.
d.
1878.
d.
6
8
0
0
3
0
8
Thurs.
s.
d.
48 0
26 0
26 6
on
.
23 6
8 8
8 0
8 11
1
9
9 0
9 8
4 9*2
410
4 9
4 9*2
8
0
0
Schuyler, the Canal
quantity (in tons) of each article cleared
Aug 1. to Aug. 7, inclusive, 1878 and 1879:
..
Wed.
49
26
26
from
cotton.
d.
6
8.
8
417s
20*4
on
Wed.
d.
6
8
0
0
3
0
8.
x90*4
283^
29*8
9334
42*2
21
Business.—Mr. G. W.
the total
105*2
103*8
104*2
28
90
and
Auditor, furnishes the following comparative statement, showing
51%
97*8
97*8
5178
977iq
97*2
51%
97^16
979ie
97^ie
979i6
[VOL. XXIX.
oil, cr’de&ref’d.
Sundries
759
46
5,634
8,08 i
39
Total tons
134,837 188,596
j
Articles marked thus are in tlie “Free List.”
Week.—The imports of last
Pennsylvania & Delaware.—By virtue of a decree of the
of the preceding week, show United States Circuit Court, the Pennsylvania and Delaware
a
decrease in both dry goods and general merchandise. Railroad, running from Pomeroy, Penn., to Delaware City, 41
The total imports were $5,509,251, against $6,804,835 the pre¬ miles, was sold at public auction in Philadelphia, Aug. 12. It
ceding week and $6,168,413 two weeks previous. The exports was bought by Dell Noblitt for $100,000.
for the week ended Aug. 12 amounted to $6,979,850, against
Pennsylvania Railroad.—A new corporation has been formed
-^p7,765,809 last week and $6,512,830 the previous week. The by the Pennsylvania Railroad Company, under the title of the
following are the imports at New York for the week ending Germantown & Chestnut Hill Railroad Company, to build a
•(for dry goods) Aug. 7 and for the week ending (for general branch from the Pennsylvania road through Germantown to
^merchandise) Aug. 8:
Chestnut Hill, and to come into the city over the new elevated
FOREIGN IMFORTS AT NEW YORK FOR THE WEEK.
railroad direct to the heart of the city. The Pennsylvania RR.
1876.
1877.
1878.
1879.
took one-half the stock and, on Aug. 8, the subscription books
Dry Goods
$2,085,410
$2,165,563
$2,161,125
$1,933,920 were opened for the sale of the residue of the stock. The
2,875,386
•General mdse...
3,677,513
3,675,305
3,575,331
entire amount of the capital, $500,000, or rather the residue not
Total week
$5,760,715
$5,040,949
$5,838,638
$5,509,251 previously subscribed for, was taken before the close of the
Prev. reported.. 179,753,902 203,474,093 169,725,908 183,757,727
day.
Selma & Gulf.—This road is to~be sold at Selma, Ala., Sept.
Tot. s*ce Jan. 1..$185,514,617 $208,515,042 $175,564,546 $189,266,978
under a decree of the Alabama Court of Chancery. The
22,
In our report of the dry goods trade will be found the imports
minimum price is fixed at $80,000, and the purchaser will be
*of dry goods for one week later.
The following is a statement of the exports (exclusive of required to pay $50,000 of his bid in cash or Receiver’s Cer¬
specie) from the port of New York to foreign ports for the tificates, the balance to be payable in bonds and over-due
coupons. The sale includes the finished road from the Alabama
week ending Aug. 12:
River opposite Selma to Pineapple, 40 miles, and the franchise,
EXPORTS FROM NEW YORK FOR THE WEEK.
right of way, etc., from Pineapple southward to the Pensacola
1876.
1877.
1878.
1879.
For the week....
$6,636,779
$5,918,086
$4,477,547
$6,979,850 Railroad near Pollard, Ala., 60 miles.
Prev. reported.. 154,171,765 160,410,808 203,296,650 190,805,568
—To Mr. D. H. Talbot of Sioux City, Iowa, we are indebted
for the first number of a monthly journal, of which he is the
Tot, 8’ce Jan. 1..$160,089,851 $164,888,355 $209,933,426 $197,785,418
Imports
and
Exports
for the
week, compared with those
.
.
'
and proprietor, entitled the Cosmopolite. This new
following will show the exports of specie from the port manager
candidate for public favor comes as a handsome sixteen-page
of New York for the week ending Aug. 9, 1879, and also a
journal of the style of Mr. Forney’s Progress, and, as its name
comparison of the total since January 1, 1879 with the corre¬ imports, will be cosmopolitan in its character, having a place
sponding totals for several previous years:
for news of an appropriate sort from all parts of the world.
All?.
From various quotations in the present number, we infer that
Havre
5—Str. St. Laurent
Fr. silver coin.
$5,000
D—Str. Weser
London
Am. silv. bars.
50,000 the religious (?) tone of the paper will be akiu to the wellknown sentiments of Col. Bob Ingersoll of Illinois.
Total for the week i$55,000 silver, and
gold)
$55,000
—The Southern Nevada Mining Company, 17 Broad street,
Previously reported ($9,724,709 silver, and $1,939,768 gold).11,664,477
New York, report receiving at their office from Messrs. L.
Tot. since Jan. 1,’79 ($9,779,709 silver, and $1,939,76S gold).$ll,719,477
Meyers & Co., assayers, Newark, N. J., a statement of the working
Same time inSame time in—
8ame time inof 96 pounds of medium grade ore from their mines in Nevada
1878
$39,641,425 1870
$42,990,445 with the
$9,423,779 1874
following result, viz.: Gold, 209 61-96 ounces, $4 33;
1877
39,329,248 1869
24,220,964
22,348.415 1873
1876
55.820,441 1868
63,238,187 silver, 4,681 41-48 ounces, $5 24 ; lead, 11*979 percent., 49 cents;
38,285,882 1872
39,206,638 total, $10 06, being equivalent to gold, $90 20 ; silver, $109 16;
52,877,856 1867
1875
60,810,167 1871
The imports of specie at this port for the same periods have lead $10 20 ; or a total of $209 57 per ton of 2 000 pounds.
Their new furnace is also on the way to the mines and ship¬
|>een as follows:
The
-
Aug.
4—Str. St.
Domingo
..
Gold dust
4- Str. Weser
Havana
Belize
Bremen
4—Str. Crescent City
Aspinwall
4—Str. Niagara
4—Brig Emily
$30,622
Porto Plata
180
Foreign gold...
Am. silver
650
gold
Foreign gold...
Am.
6—Str. Claribel
Am. silver
Kingston
6—Str. C. of Washington..Havana
Bremen
8—Str. Rhein
Porto
Prince
8—Str. Ailsa
20,000
6,207
24,333
20,000
3,000
2,364
115,700
19,466
and
2,423
Aspinwall
ments of bullion are
expected by the middle of October or first
of November.
—Attention is called to the notice in onr advertising
issued by Messrs. Austin Corbin, G. E. Taintor and J. B.
columns,
Blossom,
purchasing committee of the Danville Urbana Bloomington &
Pekin Railroad and Indianapolis Bloomington & Western
road. As the election of directors takes place Sept. 10,
Rail¬
1879,
bondholders are requested to send their proxies in the name of
the committee to Austin Corbin, chairman, 115 Broadway, New
York
City.
give attention to the 1st mortgage
cent,
land
grant gold bonds of the St.
sinking
fund
Gold dust
5,718 Paul
Minneapolis & Manitoba Railway Company, now offered
Total for the week ($86,065 silver, and $165,467 gold)
$251,532 at 105 and accrued interest, by Messrs. J. S. Kennedy & Co., 63
Previously reported f$5,387,590 silver, and $839,290 gold)
6,226,880 William street, and Roosevelt & Son, 32 Pine street, N. Y.
—The regular monthly dividend of 30 cents per share (for
Tot. since Jan. 1,’79 ($5,473,655 silver, and $1,004,757 gold).$6,478,412
Same time inSame time in—
Same time inJuly) has been declared by the Homestake Mining Company—
1878
$3,140,451 1870
$7,522,480 payable
$14,209,773 1874
at Wells Fargo & Co’s on the 25th. Transfers close on
1877
2,964,763 1869
9,824,531
7,786,313 1873
the 20th. The July product of the mine was over $52,000
1872
1868
1876
4,866,850
2,819,669
2,854,680
1875
1,743,560 gold.
7,425,207 1867
8,137,570 1871
Am.
gold
Foreign gold...
..
387
482
—Investors will do well to
7 per
August
Closing prices at the N. Y. Board have been as
'JJIxc jankers' (gazette.
No National Banks
I
V
D B N
I
O S
.
dividends have recently been announced:
Name of
Company.
Per
When
Books Closed.
Cent.
Payable.
(Days inclusive.)
Railroads.
Fe. ..
Chicago & Alton, preferred.....
Atchison Topeka & Santa
Do
Kansas City
Interest
Periods.
organized during the past week.
U
The following
common
Topeka & Western
$3
Aug.
3ia
Sept.
3
Sept.
$3
Aug.
16 to Aug. 25
Aug. 21 to Sept. 1
Aug. 21 to Sept. 1
Aug. 16 to Aug. 25
25 Aug.
1
1
25
FRIDAY* AUGUST 15, 1870-5 P.
Tlie
Market
Money
HI.
and' Financial Situation.—There
has been much animation in
Wall street this week, in conse¬
of the considerable break in stocks and irregularity in
market. The recent extraordinary rise in stocks cul¬
minated when Lake Shore touched 93, and since then the decline
has been large, and heavy blocks of all the speculative stocks
have been thrown on the market.
The special lever by which
stocks were rapidly pushed upward was the old rumor of a lease
to be made of the Lake Shore road to New York Central &
Hudson, and although such an agreement has been put out of
the way for the time being, the stockbrokers who look beyond
the present moment will not consider it as ultimately improba¬
ble.
The real motive for such a lease has hardly been touched
upon in the newspaper discussions of the subject, viz.: to enable
the owners of New York Central stock to realize more than 8
per cent per year on their holdings without making this too pal¬
pable to the public. Should New York .Central begin to pay 10
per cent per annum on its present stock, there would be an out¬
cry, but if the surplus earnings of Central should be applied to
paying dividends on Lake Shore stock (held by the same parties),
the matter would not be so palpable. Rock Island now pays 10
per cent per annum by a small subterfuge, and there has been
reg.
6s, 1880...
coup.
6s, 1880...
reg.
6s, 1881...
coup.
6s, 1881...
reg.
5b, 1881...
coup.
5b, 1881...
reg.
4*28, 1891.
coup.
4128. 1891.
4 b, 1907...
reg.
coup.
4s, 1907...
6b, cur’cy, 1895..reg.
6b, cur’cy, 1896..reg.
6b, cur’cy, 1897.. reg.
68, cur’cy, 1898..reg.
6s, cur’cy, 1899.. reg.
*
quence
the money
much talk of
a
lease of the Missouri Kansas & Texas road to the
Chicago Burlington & Quincy, which would result in an
application of the earnings of the latter company to pay¬
ing interest or dividends not earned on the leased line. In all
these
it is understood that the holders of the stock of the
cases
have purchased all they want of the lessor’s
is made. This method of
increasing income by the managers of leading railroads is worthy
of notice as one of the features of the times, when plain 10 per
cent dividends invite unfavorable comment and hostile legis¬
lessee
Stock
company
or
bonds before the arrangement
lation.
'
The money
market has been very irregular, and at times quite
Stringent to stock borrowers, the rates ranging up to 7 per cent
per annum, and a commission of 1-32 or 1-16 per day in addition.
The range of the week is all the way from 3 per cent to 7 per
cent and 1-16 per day, with very little business to stock bor¬
rowers to-day at less than 7 per cent.
Prime paper is nominal at
5@6 per cent. The activity in loans is chiefly due to the calling
in of money from the banks to the Treasury, for the purpose of
paying called bonds, and the stringency from this cause is not
expected to be of long duration. As to time loans and commer¬
cial paper the prospects of a more active Fall trade naturally
create a hardening tendency as September approaches.
The Bank of England statement on Thursday showed a gain
of £36,000 in bullion for the week, and the percentage of reserve
was 56 1-16, against 55$ the previous week.
The discount rate
remains unchanged at 2 per cent.
The last statement of the New York City Clearing-House banks,
Issued August 9, showed a decrease of $6,862,775 in the excess
above their 25 per cent legal reserve, the whole of such excess
being $6,752,050, against $13,614,825 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
Loans and dis.
Specie
Circulation
Net deposits
..
.
Legal tenders.
1879.
Differ’nces fr’m
1878.
1877.
Aug. 9.
previous week.
Aug. 10.
Aug. 11.
$272,936,000
Inc
.$5,655,900 $240,220,100 $245,377,200
19.624.100 Dec.
20.682.100 Inc.
28,300
87,300
253,230,200 Dec. 1.540,500
50,435,500 Dec. 7,219,600
United States Bonds.—There
20,407.600
19,189,800
223,432,700
56,286,500
has been
a
15,030,700
15,689,500
215,431,600
53,094,800
good demand for
governments from investors, but prices were declining until
to-day, when they became steady, and closed firm on a basis of
101 for new 4 per cents.
The hardening rates for money and
the consequent free sales of bonds by parties who wished to
realize were the main reasons for the decline in the early part of
the week.
163
THE CHRONICLE
16, 1879.]
of
This is the price
J.
J.
J.
J.
Aug.
9.
Aug.
Aug.
Aug.
Aug.
Aug.
lit
12.
13.
14.
15.
*10378 103%
& J. *1041a *104*2 104*8
& J. *104*2 104*2 *104*8
10258
1025e
104*2
Q.-Jan.
J.
J.
J.
1025s *102*4
1023s
104%
102*4
*105%
101% 101*2
101% 101*2
*121*2 121*2
*122
*121%
*122 *2 *122
*105*2
1013s
10138
Q.-Feb.
Q.-Mar.
Q.-Mar. *106
Q.-Jan.
10458
J.
& J. *123*4 *122 *2 *122
J. *3 23
104*8 *104
104*8 104*4
102*8 *102*8
102*8 102*8.
103% *104*4
105%
1007b 101
*105*4
1007s 101
101
*121
*121*4 *121
121*2 *121
*122*4 *121% *121
&
&
&
&
no
103%
104*4
104*8
102*4
*102*8
*10450
10538
101*8
*121
J.
J.
J.
J.
bid;
*
1033b.
1035s *10358
104*8 *103% '10334 *10358
& J. *104
& J. *104
Q.-Feb.
follows:
*121
*120
*120
*120
*120
*120*8-
*120
*121%-
*120
*122
*121
sale was made at the Board.
The range in prices since January 1, 1879, and the amount:
each class of bonds outstanding Aug. 1, 1879, were as
follows:
Range since Jan. 1,1879.
6s, 1880-1.. cp.
cp.
5s, 1881
4*2«, 1891..cp.
48, 1907
cp.
6b, cur’ncy.reg.
on
Coupon.
Aug. 14 1073s June 23 $204,496,100 $78,240,250
Aug. 14 107*2 Jan. 15 267,101,700 241,338,650
83,949,650
Men. 21 108
May 21 166,050,350
99
Apr. 1 103*2 May 21 448,589,800 *286,142,950^
64,623,512
119*2 Jan.
4 128
May 31
103 «s
102
104
This amount does not include
*
outstanding
Aug. 1, 1879.
Registered.
Highest.
Lowest.
Amount
$6,058,350 of Refunding Certificate*
Aug. 1.
Closing prices of securities in London for three weeks past
since Jan. 1, 1879, were as follows:
and"
the range
Aug. Aug.
10578
U. S. 5b of 1881
U. S. 4*28 of 1891
U. S. 4s of 1907...%
State and
Aug.
15.
8.
1.
1093s
105*2
Range since Jan. 1, 1879.
Highest.
Lowest.
105*2 105
July 16 109% Jan. 4
x08*8 106*2 Mcb. 24 110
May 2
Mck. 26 105*2 May 22
104*2 101
IMf- O O1mtom
Railroad Bonds.—Tennessee bonds are lower sinco
compromise proposition at the recent election*.
are inactive, without much change in prices.
The Funding Association report that about $12,000,000 of Virginia bonds have come in for funding under the new plan.
Railroad bonds have been less active, but prices are well main-4
tained except of those bonds held on speculation, which are influ¬
enced by the decline in stocks.
Messrs. A. II. Muller & Son sold the following at auction:
the failure of the
Louisiana bonds
Shares.
10
10
20
6
Continental Fire Ins
166
Phenix Fire Ins
110
Phenix Ins. Co./.
lll,a>lll*2
Greenwich Ins. Co
280
16
50
30
10
Imp’rs’ & Traders’ Ins. Co. 103*#
Rutgers Insurance
170
Kings County Insurance.. 174
Bowery Insurance
205
Closing prices of leading State bonds for two
the range since
Jan. 1, 1879, have been as follows:
States.
Aug.
8.
15.
This is the price bid; no
Railroad and
has
shown great
Highest.
Lowest.
I
*23
18
*32
*80
do
do
2d series.
District of Columbia 3-65s...
*
Range since Jan. 1, 1879.
,37
*103*2 1035s Mch.
*2334
6s, old
Virginia 6s, consol
Aug.
*37
Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee
weeks past, and
—
30*2
73%
41 %
79*2
Feb.
69
Jan.
6
5 107% June lO
8 25 7e June 14
Aug. 14
June 20
Apr. 29
Jan.
3
42
Feb. 13
73% June 2D
Mcb. 288858 May 23
44
sale was made at the Board.
Miscellaneous Stocks.—The stock
market
activity and a heavy decline in prices.
The
opened with extraordinary buoyancy and the market ad*
vanced rapidly, led by Lake Shore, which sold up to 93 on Tues¬
day morning, under the stimulus of a confident rumor that the>
road would be leased to N. Y. Central & Hudson.
The rumor
was contradicted, and Lake Shore fell off rapidly, and on Thurs¬
day, when the directors met at Saratoga and did not mention the
subject, the stock sold down to 84$, and to-day touched 83$, sell,
ing back to 85 at the close. The fluctuations of this stock are
thus particularly referred to as they furnish a key to the wholemarket, which followed more or less closely the variations in LakeShore. The Vanderbilt party was reputed to be heavy sellers^
from the highest point down.
The trunk line executive commit¬
tee have again advanced rates on east-bound freight and have
made an important agreement, as it is reported, against making
special contracts for freight reaching into the future.
The coal stocks were not favorably influenced by the auction,
sale of coal, at which lower prices were realized.
The annual report of the Chicago & Northwestern road will be^
week
„
found
on
another page.
Total sales of the week in leading
stocks were as follows.
I
|
1
1
|
164
THE
West’rn
Uu. Tel.
Aug.
“
M
“
M
“
14,067
24,879
15,317
9
11
12
13
14
15
17.534
15,500
5,300
St.
North¬
Paul.
west.
20,175
15,215
25,260
23,950
36,570
30,455
39,752
26,560
Del. L. Central
& West. of N. J.
73,480
49,330
62,900
54,050
'
9.500
11,510
9,400
21,530
16,140
48,000
40,600
4,350
5,250
3,000
8,300
11,650
CHRONICLE.
Lake
Shore.
Erie.
5,700
2,600
36,051
80,995
8,500 44,730
7,580 108,070
8,960 76,560
18,235 37,660
Total.
92,597 151,625 306,072 147,180 42,050 51,575 384,066
Whole stock. 410,500 154,042 149,888 524.000 175,400 771,077 494,665
..
Tlie total number of shares of stock outstanding is given in
last line for the purpose of comparison.
The daily highest and lowest prices have been as follows:
Saturday,
Aug 9.
Monda
Aug. I
Tuesda
laay,
l:
Wednes., Thursd’y,
Aug. 13.
Aug. 14.
Aug
Canada South. 60
60
60
60
60
60
Cent, of N. J.. 50
5150% 51
50% 52
Ohic. A Alton. 94
95
95
95
94
94
Chic. Bur. A Q. 119
119% *118 119% 118% 118%
Chic.M.A St.P. 67% 68% 67% 69% 07% 69%
do
pref. 96
96% 96% 96% m 96%
Chic. AN. W.. 76% 78% 77%
73
80%
do
pref. 98% 93% 98% 99
98% 99%
Chic. R.I.& P. *.... 141% 141
141
HIM 14144
Chic. St.P,AM. 42% 43% 43
43
43
Clev. C. C. A I. 53% 54% 53% 53%
53%
Col.Chic.A I.C.
8%
8%
8%
Del. A H.Canal 48
48%
48% 48% 49
60
Del.Lack.A VV. 59% 60
59% 61
Brie
27% 28%
27% 27% 28%
do pref
5242 52%
52>6 52
52%
Han. A St. Jo.. 19% 19%
19% 20
do
pref. 42;
42%
42% 43%
Illinois Cent... 90
mi 90% 91
90% 90%
59
Kansas Pacific 59
59
59
59% 59%
Lake Shore.... 86’
93
88% 87% 92%
Louisv.&Xash 52:
53
53% 52% 53
Mtch. Central- 84
86% 85% 86% 8444 8044
Mo. Kans. A T. 10
16% 16% 16% 16% 17
Mor. A Essex.. 934a 93% 92% 92% 93
93
120
N.Y.C.A H. R.
120
120
120
16
Northern Pac.
17
16%; 16
16% 16%
do
pref. 45% 45% l 46
46% 4644 46%
Ohio A Miss..
16% 16%l 16
16% 16%
Pacific Mail....
16
17%
Panama
157
157
St.L AI.M.assn 23% 28%' 28%
St. L. K.C. A X. 20% 21%' 20%
21% 22%
do
pref. 50 M 57% 50%
-5744 57%
St.L. A S.Fran.
11% 12
do
pref. 13%
14%
15% 17
do 1st prf. 27% 30
30
35% 37
Sutro Tunnel.
4X
4%
4%
444
4%
Union Pacific.. 78% 79% 78%
7944 79%
Wabash
37% 38% 38
3846 39
West. Un. Tel. 93% 95
94%
93% 95%
7841
■a
il5*
52S
_
119^12042
*15^
165^1 l5%
59%
50% 51%
52
91
118
934
1184
78
685
64%
9644
95
98%
42"
52%
8%
48%
59%
28
52
52%
19% 2044
42% 43%
90% 90%
59% 59%
92
118
67
58H 58«
50%
49
9L
118
64
&>%
94% 9544
73% 75%
97% 97%
95%
74% 77%
97% 98
140
40
51
140
8
8
141
39% 39%
51
51%
7%
7%
46% 48% 46% 47%
57% 59% 58% 58
27% 27% 26% 27%
51
51% 49
50%
19
19% 18% 1944
41% 42% 41
41%
x8?
87
86% 86%
52%
58
58
84% 88%
52% 52%
84%
81% 88%
82-6
16% 10
16% 16%
02% 92
90% 92
120
120
119
17%
4644
16%
17%
16%
4644
1644
16%
160
*152
22
21%
119
16%
10%
45%
45%
10%
15%
15%
10%
*152
27% 2844
141
41%
91
52
83
52
91
118
100
27% 28
83% 85%
52
53
81% 82%
15% 10
9044 91
118% 118%
16
45
10
45
15%
10
f152
27
20% 21%
53%
10%
15%
10%
These are the prices bid and asked; no
Total sales this week, and the range
"■
were as
-Latest
Week
20%
53%
10%
14%
20%
5444
1144
in prices for 1878 and
follows:
Canada Southern....
Central of N. J
Chicago & Alton
Chic. Burl.& Quincy.
Chic. Mil. & St. F
do
do pref.
1,835
42,050
720
Lowest.
45% Jan.
33% Jan.
75
1,520 lllis
34%
7,206
74%
Chicago & North w... 306,072 49^
do
do
pref.
7,691
76%
151,625
Cliic. Rock Isi. A Pac.
550 119
Chic. St. P. & Minn..
21
2,250
Clev. Col. Cin. & Ind.
4,500
34%
Col. Chic.A Ind. Cent
5
5,665
"Del. & Hudson Canal
38
11,034
Del. Lack. & Western 147,180
43
Erie
51,575
21%
do pref
37%
3,150
Hannibal & St. Jo
4,380
13%
do
do pref.
34
6,400
Illinois Central
2,050 79%
Kansas Pacific
1,400
9%
Lake Shore
67
384,066
Louisville & Nashv..
35
4,095
Michigan Central....
73%
30,165
Missouri Kan. & Tex.
53s
8,093
Morris & Essex
4,134 75%
N. Y. Cent. & Hud.R.
1,632 112
Northern Pacific.
16
3,925
.
...
...
do
pref.
Ohio & Mississippi...
Pacific Mail
Panama
St. L. I. Mt. & South.
St. L. K. C. & North.
do
pref.
St. L. & 8. Francisco.
do
pref.
do
1st pref.
Sutro Tunnel
Union Pacific
Wabash
Western Union Tel..
2,205
12,420
31,665
10
3,750
15,234
21,014
12.820
25,564
17,838
5,776
12,2 48
23,076
92,597
Range for
Mch.
Jan.
Jan.
Jan.
Jan.
Jim.
Jan.
May
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mch.
Jan.
Jan.
Feb.
1878.
Low.
Highest.
3
63% Mch. 15
2 55
July 31
3 95
Aug. 9
7 122% Feb. 19
4 70
Aug. 6
4 97% Aug.
6
3
80% Aug. 12
3 99% Aug. 12
8 141% Aug.
7
44
Aug. 2
2 55
May 21
4
9% Aug. 6
2 5130 June 2
2
6234 July 31
4 29% May
5
0
54
May 5
4 2334 May 23
10 45% May 23
26 91
Aug. 7
21
60
Apr. 30
6
93
Aug. 12
38
70% May
35
—
—
High.
13%
45%
45%
66%
85
99% 11434
27% 54%
64
84%
32% 55%
59% 79%
983s 122
23
2%
3430
41
7%
38%
630
59%
61%
22%
21%
38
10
21%
1670
41%
7230
87
4
55%
12%
71%
39 ”
2 90% Jati. 27 5S% 75
0
4
18% May 15
7%
3 91
Aug. 6 6730 89
Mch. 24 121 % June 14 103% 115
Jan.
Jan.
Jan.
Aug.
45
9
1733 Aug.
July
Aug. 15 48%
4
17
734 Jan.
10% Jan. 13 1834
123
Jan.
2 160
0
13
Jan.
30%
7
Jan.
2 22%
2
25% Jan.
58%
12
8
3% Jan.
4% Jan. 21 17
934 Jan. 23 37
23s Jan. 16
4%
57% Jan. 31 81
1734 Mch. 13 40
88 Ss Aug. 4 116
1
—
July 24
June
6
Aug. 4
May 23
Aug.
Aug.
Aug.
Aug.
Aug.
Mrii.
12
6
12
12
12
17
Feb. 19
Aug.
2
June 11
634
11%
12%
23 %
131
112
5
3%
19
15%
7%
26%
1%
4%
1%
5%
5% 1134
5
3%
61% 73
12% 23%
75% 102
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to. and including, the period men¬
tioned in the second column.
'—Latest earnings reported.—* ,-Jan. 1 to latest date.—
Week or Mo.
1879.
1878.
1S79.
1878.
Ala. Gt,Southern. June
$23,263
Atch.Top. & S. F.lst wk Aug
$20,950
114.000
95,562
Atl. & Gt. West... June
300,540
309,136
Atlantic Miss.&O. June
102,247
120,094
Bur. C. Rap. & N. .1st wk Aug
18.506
22,876
Burl.&Mo.R.in N. June
140,736
90,590
Cairo &St.Louis.. July .... ..
19.507
22,320
Central Pacific...July
1,442,000 1,533,702
Ches. & Ohio
July
173,383
140,262
Chicago & Alton. 1st wk Aug 130.480 121,654
Chic. Burl. &Q ..June
1,160,968
897,090
Chic. Mil. & 8t. P. 1st wk Aug 156,000
115,467
Chic.&North west July
Chic. St. P.& Min. 1st wk Aug
Clev. Mt. V. <fc D.. July
Dakota Southern.May
......
1,309,9S4 1,166,270
15,895
10,441
28.738
27,377
18,261
19,039
$
a-,*
3,342,474
715,486
$
1,933,698
761,810
784,690
907,044
862,688
735,081
129,908
127,516
9,231,320 9.367,S07
956.191 1,044,678
2,843,806 2,559,022
6,510,239 6,417,791
4,964,000 5,018,930
8,263,124 8,221,476
597.191
504,661
213,521
206,456
90,093
87,721
1878
$60,997
$65,901
St.L.A.&T.H.(brs)lst wk Aug
8,810
St.L. Iron Mt. AS.lstwk Aug 101,761
St.L.K.C.&No ..4th wkJTy
53,169
St. L. & San Fran. 1st wk Aug
36,900
St.L.&Southeast. July
121,201
St. Paul&S. City. Juue
54,572
Scioto Valley
July
28,776
Sioux City & St.P. Juno
28,589
Southern Miun...June
Tol.Peoria& War. 1st wk
Union Pacific.... July
Wabash
1st wk
Exchange. —The
Aug
52,791
23,247
1,068,049
Aug
first
Jan. 1 to latest date.-
1879.
....
112,435
1879.
85,058
24,466
137,817
75,212
48,002
128,570
455,728
112,302
92,398
93,476
57,838
95,676
124,837
1,172,961
26,977
3,369
219,024
1,498,658
8,865
84,039
70,310
24,000
95,347
46,734
28,176
29,954
53,624
30,471
937.972
115,053
1878.
$453,535
$554,704
244,013
194,391
4,911,722 5,068.975
2,490,834 2,732,762
976,342 1,013,776
1,202,674 1,030,123
2,962,021 3,029,318
778,971
906,238
778,363
677,506
2,365,235
1,565,035
1,739,159
1,533,523
956,073
1,031,610
732,839
6,434,373
5,872,678
730,140
156,783
179,368
110,669
84,624
1,354.085
6,694,667
291,505
2,365,724
1,701,369
1,261,652
5,670,424
268,006
2,252,417
1,747,775
649,487
302,153
173,811
159,738
265,328
701,357
626,051
285,113
145,491
179,713
373,983
735,487
2,489, L77
2.684,478
importation of gold from England,
$265,000 in double eagles, arrived by steamer this week. Other
shipments from France and England are reported, and they seem
to be regarded there with some apprehension.
Exchange here
has ruled at figures which admit of shipments of gold here at a
profit. To-day the actual rates for sterling bills were about 4*81i
for 60 days and 4’84.1 for demand.
The quotations for foreign exchange are as follows :
15.
August
60
Prime bankers’ sterling bills on London.
Good bankers’ and prune commercial...
Good commercial
Documentary commercial
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
(reiehmarkR)
(reichmarks^
The
following
Sovereigns
Napoleons
are
quotations in gold for various
$4 83
-@$4 88
84
72
93
50
@ 3 89
® 4 78
@ 4 00
3
X X Reichmarks. 4
3
X Guilders
Span’h Doubloons. 15
Mex. Doubloons.. 15
1
Fine silver bars
Fine gold bars....
..
3.
10.
17.
24.
31.
Apr. 7.
Apr. 14.
Apr. 21.
Apr. 28.
May
May
May
May
June
June
June
June
June
5.
12.
19.
z<i.
2.
9.
16.
23.
30.
7.
July
July 11.
July 21.
141,969,200
141,623,101
141,308,300
140.442,800
140,0:33,100
139,001.100
133,300,400
137,469,400
134, J 92,<03
133,22 •',500
112.951,200
130,296,000
130.331,800
129.489,000
129,973,50)
130.510,501
130,463.600
130,583.300
134,824,800
129,93',700
July 28.
123.606.500
127.-96,500
4.
11.
12', 0:D,5'0
129,133,000
Aug.
Aug.
*
coins:
Mexican dollars.
English silver
...
Prua. silv. thalers
Trade dollars
New silver dollars
par.'S»14prem.
following
are
—
)9 ®
19
®
12
®
n ^
75 ®
38 ^
>9 ®
99 %®
—
99%
—
par.
95
-
88
—
4 80
—
70
—
99*2
—
par.
the totalB of the Boston
series of weeks past:
Loans.
t
187 9.
Mar.
Mar
Mar.
Mar.
Mar.
a
Demand.
Dimes & % dimes.
Silver *49 and %s
Five francs
®15 70
45 'S'15 60
12*4® 1 13
Boston BankM.—The
banks for
days.
4.81%34.82%
4.83%®4.84%
4.81%®4.8l%
4.83%®4.83%
4.80%2>4.81%
4.82%®4.83
4.79%® 4.80%
4.81%®4.82%
5.25%®5.23% ' 5.23%® 5.20%
5.2078®5.25
5.23%®5.20%
5.25 '35.23%
5.23%3>5.20%
39%@ 40
40% ® 40%
93%3 94
94%® 94%
93%® 94
94%® 94%
93 %3 94
94%3 94%
93%® 94
94%3 94%
Paris (francs)'
Bremen
Prices since Jan. 1, 1879.
earnings reported.—s
Mo.
Gal.Har.&S. An.June
91,482
Gal. Houst. & H.. July
27,085
Grand Trunk. Wk.end. Aug. 2 152,423
Gr’t Western. Wk.end.Aug. 8
79,390
Hannibal ASt.Jo.lstwk Aug
28,716
Houst. & Tex. C..June
163,798
Illinois Cen.(Ill.).. July
453,159
do
(Iowa)..July
..
102,945
Int. & Gt. North.. July
94,075
Kansas Pacific.. ..4th wk J’ly 117,363
Mo. Kans. & Tex.. 1st wk Aug
63,564
Mobile & Ohio
J uly
110,674
Nashv.Ch.&St. L.May
139,524
N.Y.L. Erie & W. .May
1,350,274
Fad.&Elizabetht. July
27,290
Pad. & Memphis.. 3d wk July
4,250
Phila. & Erie
Juue
211,545
Phila. & Reading. June
1,343,014
Berlin
Sales of
Week.
Shares.
or
Dubuque A S.City. July
160
27
5744
11%
14% ie%i 14
1544
32
33
36%' 32%
33%
4%
4%
4%
4%
79
78% 79% I 78
3844 38% 36% 37%
92% 93%; 90% 92%
sale was made at the Board,
i>jj
gince Jan. 1, 1879,
Aug
59
5946
51%
93%
118%
6744
95%
the
[VOL. xxrx.
Specie. L. Tenders. Deposits. Circulation. Age. Clear
S
1
1
$
S
3,625,700
3,664,500
3,649,900
3,620,800
4,324,300
4,6)1',500
4.750,300
4,713,600
4,59‘,000
4,294,700
3,805,800
3.483,700
3.827,800
3,863,000
70,326,700
67,028.300
65,677,100
64,050,100
63,435,100
64,221,500
25,390,700
25,613,100
46,319,291
48,733,621
3,644.000
3,646,20C
3,684,700
3,651,800
.3,627,700
3,600,100
3,533,200
3,556,100
3,577,700
3,563,400
3,948,500
3,559,400
3,557,700
3,547,400
3,5'5,2o0
3,620,400
3,590.900
3J72.600
3,567.500
3,5ol,200
63,371,000
25.562,000
25,445,500
25,438,200
25,827,800
26.014,200
26,215,000
62,99',000
60,25-2,400 26,-530,200
69,<*23,900 26,299,600
*42,8<.5,800 2o,228.800
*44,103,900 26,218.400
*44,101,2 0 2;,369,200
*43.895,000 26,437,800
”44,391,200 20,569,000
4,194,300
3.5S9.200
3,165,800
3.886,700
4,160,200
4,165.500 *43,997,000
4,118,4*00 *43,«i >6.400
4,4:33,500 *14,795,300
4,717,100 *45,332,100
5,433,900 '45.8:8,600
5,390,800 *47,067,900
5,386,20) *46,772,700
5,351,260 % >,838,500
5,643,900
46,854,9.0
26,701,100
23.875,100
26 578,300
20,640,000
26,915,300
25,538,700
26.512,500
26.635,200
26,7u0,600
45,739,465
40,907,569
39.857.020
44,6)6,942
47.207,392
5*,936,677
47.978,840
5.'.505.511
50,652,1’17
43,456,247
46,516,810
44, 33,227
51,329,031
49,413,570
45,176,053
47.775,068
5',738,637
47,866.112
49,2*1,607
43.383.417
43,253,354
43,813.373
Other than Government and banks, loss Clearing -House checks.
Philadelphia Banks,—The totals of the
are as follows:
Lawful
Loans.
1879.
Mar. 3.
Mar. 10.
Mar. 17.
Mar. 24.
Mar. 31.
Apr.
Apr.
Apr.
Apr.
May
May
May
May
r*
4
.
11.
21.
28.
5.
12.
19.
26.
June 2.
Juue 9.
Juni 16.
Jut e 23.
Ju e 30.
July 7.
July 11.
July 21.
July it.
Aug:. 4.
Aug. 11.
Money.
Deposits. Circulation. Agg. Clear.
8
$
1
S
$
45,378.745
46,028,633
46,336,572
11,321,223
11,347,059
11,355,472
11,361,550
11,422,018
11,50,122
11,509,040
11,516,236
31,157,942
57,600,832
58,268.234
15,947,786
58,486,555
15,859,150
58,506,715
15,360,266
14,890,99 4
13,701,732
45,163,408
14,022.748
14,516,885
14.369,637
46,552 535
15,9)9,655
59,006.342
59,994,059
60.554,971
60,548.117
69,122,582
60,174,972
14,948,9-9
15,353,558
16,1*8,678
15,919,569
15,93^,439
15,790,7o7
15,883,014
15,311,615
59,914,320
60,160,886
60,915,891
61 429,858
61.917,078
62,1*36,882
61,8.0.186
61,740,307
62,22l.49G
62,171.993
61,974,527
61,415,446
61,9:32,961
62,740,144
15,790.181
16 205,151
*
10,533,493
16,307,14)
17,405,616
17,396,893
17,510, L2
Philadelphia banks
45,256.362
45,111,747
47,238,852
47.044,599
47,626,863
47,786,056
49,143,4 <0
49.633,284
49,941,603
50,363,092
5
50.721,259
49.713.193
59,309.72-2
51 378.936
51,811.642
51,512.3*7
51,9)1,363
52,930,548
52,719,432
11,5**8,643
11,4 8,821
11,492, i97
11,476.611
11.465,857
11,449,130
ll,4d,493
36,371,591
29,556,598
31,233,063
29.945.441
38.653.745
30,561.240
38.407.056
34.295.148
37.642.885
40.016,133
38.955.672
39.353,762
31,805,486
46.78J.676
11.424 901
11.397.218
38,801.535
11,383,105
11,398,306
34,442,141
11,406.080
34.090,465
37,197.358
3 *,940,697
35,745,324
11,423,816
11,415,745
11,40M77
11,437,610
37.579.233
37.789,094
35.792,049
THE CHRONICLE.
16, 1879.]
August
uosrox,
New York City Banks.—The folio wring statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on August 9, 1879 :
Capital. Loans and
$
$
539.100
9,sll,600
New York
2,000,000
6,321,000
2,050,000
7,115,c 00
2,000,000
7.130.500
2,000,000
4,106,000
1,200,000
9.567.200
3,000,000
2,843,000
1,000,000
6.953.200
1,000,000
City
3.159.400
Tradesmen’s
1,000,000
1.465.400
Fulton
600,000
Chemical
300,000 10,897,700
3.914.400
Merch’nts’ Exch. 1,000,000
Gallatin Nation’1 1,000,000
3.534.100
1.250.700
Butchers’&Drov.
300,000
1,101,000
Mechanics’ & Tr.
300,000
906,600
Greenwich../.
200,000
2,788,000
Leather Man’f’rs
600,000
Seventh Ward...
901.900
300,000
2,^92.11)0
State of N. York.
800,000
American Exch.. 5,000,000 13,716,000
Commerce
5,000,000 12,535,600
5.428.600
1,000,000
Broadway
Mercantile
3.609.800
1,000,000
Pacific
2.349.700
422,700
4.321.600
Republic
1,500,000
Chatham
3,050,500
450,000
1.205.600
People’s
412,500
North America..
2,015,400
700,000
Hanover
6.421.700
1,000,000
2.523.300
Irving
500,000
Metropolitan.... 3,000,000 13,426,000
Citizens’
1.587.600
600,000,
Nassau
2.139.200
1,000,000
Market
2.377.700
500,000
St. Nicholas
1.979.200
500,000
Shoe & Leather..
3,101,000
500,000
Corn Exchange.. 1,000,000
3,700,420
Continental
4,548,000
1,000,000
Oriental
1.420.200
300,000
Marine
2.263.500
400,000
Importers’ & Tr.. 1,500,000 18.817.300
Park
;
2,000,000 12,948,600
Mech. Bkg. Ass’n
587,800
500,000
Grocers’
225.000
645.900
North River
605.900
240,000
East River
810,000
250,000
Manuf’rs & Mer.*
331, tOO
100,000
Fourth National. 3,200,000 18,215,700
Central Nat
8.352,000
2,000,000
Second Nation ’1.
300,000
2,398,000
Ninth National..
3.983.800
750,000
First National..
500,000 10.379.300
Third National.. 1,000,000
7.772.800
N. Y. Nat. Exch..
300,000
1.169.100
Bowery National
250,000
1,087,800
N. York County..
200,000
1,085,100
Germ’n Americ’n
2.033.200
750,000
Chase National..
300,000
2.227.200
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
*
$
1,738,500
495,000
9.445.500
4,512,000
0,442,000
553.700
295,000
1,355.000
5.795.500
3.822.300
73,200
44,500
123,300
7.406.500
1,100
365.000
552,000
239.200
468.700
1.517.900
613.900
370,000
112.300
226,000
164,000
559.300
137,600
558.700
2,651,000
6.478.600
2.175.500
1.232.900
11.702.200
3.331.900
1.943.900
1,040,500
1,003,000
819,200
2.300.300
808,600
1.791.300
252,000
1,038,400
304,500
186,200
1,560,600
200,000
156.600
185.900
30,000
15,400
200.900
62.700
*
$
851,000
1,015,000
572.100
859.400
295.600 1.283,000
171,000
706,000
6.700
1,204,000 1.128,000
1.540.100 2.529.100
384,000
531.700
369.100
521.700
73.700
606.200
128,800
559.400
101,200
688.400
54.100
400.400
83,000
223,000
027,300
904.200
133,60l»
544.200
299,000 2,992,000
9,784,000
8,686,100
4,017,000
3.413.100
2.395.200
2.140.300
10,200
770,700
532.600
528,000
244.600
198,000
2,700
470,500
900,000
368,000
5,400
6,541,000
270.000
226,500
2,243,000
240,9,X)
3,900
348,300
450,000
445,000
4,700
Inc.. $5,655,900 I Net deposits
Dec.
28,3001 Circulation
Dec.
7,219,000 |
Specie
Legal tenders
240,300
:
Dec. $1,540,500
Inc..
87,300
Apr.
Apr.
Apr.
Apr.
May
May
May
May
May
5...
12...
19...
26...
3...
10...
17...
24...
31...
June
7...
June 14...
June 21...
June 28...
July 5...
July 12...
July 19...
July 26...
August 2.
August 9.
Loans.
$
Specie.
L. Tenders.
$
$
$
238,047,200 20.882.900 40.478.500 206.134.400 20,141,000 380,741,510
235,974,100 20.911.500 39,600,000 203.625.600 20,077,000 421,244,872
235.824.400 20.514.100 40,767,000 203.209.700 19,578,700 325,696,134
234,250,00
230,682,000
233.168.400
234.416.200
238.241.400
242.280.200
20.986.200
18.962.400
17.344.600
17.431.700
18,033,300
17.849.300
18,059,500
17.931.300
10.456.500
10.945.200
17.312.400
18.803.700
18,446,800
18,365,000
18.903.900
18.875.600
18.228.100
18.516.200
18.745.600
18.763.900
18.802.400
18,785,400
18,990,700
18.780.900
19.296.900
19.666.400
19,889,000
19,971,500
20,011,700
41.832.600
45,055,400
49.965.800
53.599.600
54,048,800
51.135.400
48.334.800
45,377,000
42,051,800
40.593.800
39.173.400
36.972.600
34.268.900
31.815.800
36.145.400
40,672,100
45.224.500
49.440.500
53,576,700
49.150.900
43.284.900
41,791,400
42,822,800
206,173,000 19.848.800 411,598,790
206.482.200 19,785,000 424,413,225
211,590,000 19.767.600 486,222,549
214.981.200 19.617.600 507,331,749
219.219.200 19.480.600 611,674,082
219.387.300 19.427.100 493,410,515
244.180.500
217.271.200 19.398.800 452,720,433
244,007,000
216.382.600 19.335.900 434,908,904
246.716.900
213.429.700 19,232,400 510,297,775
247,074,200
213,293,100 19,236,000 501,321,270
240.324.500
210.563.300 19,335,200 400,417,429
243.839.800
206.591.400 19.290.900 413.892,738
240.458.500
198,945,000 19.512.100 399,872,657
235.836.600
193.121.700 19,635,500 461,180,057
230.442.900
195.303.700 19,696,100 423,259,559
231,151,300
200,255,000 19,721.200 487,843,450
231,096,900
204.514.200 19,707,600 503,108,030
239.357.800
214.331.700 19,683,100 540,798,025
242.941.600
224.937.200 19,688,000 591,290,770
253.838.500
230.424.700 19,685,400 598,239,201
257.636.500
227,345,000 19,856,600 529,990,936
257,272,800
225,754,000 19,869,400 439 7.^0 395
258,332,700
226,963,300 19,977,800 472 828 088
256,291,000
44,851,900 227,316,700 20,056,800 450 084 041
255.901.600
43,859,400 226,177,000 20,156,200 456 961,901
253,575,500
46,902,600 226,113,600 20,371,300 432,735,690
257,082,500
49,544,000 236.007,300 20,542.900 4321520 468
262,951,900
51,801,900 241,328,800 20,509,900 391,835,789
262,719,800
50508,900 240,154,300 20,531,600 481 691 057
260.582.600 19,927,600 545288,100 243.3a3.000 20,549,500 494 794 747
267,280,100 19.652.400 57,655,100 254,770,700 20,594,800 491.715 201
272,930,000 19,624,100 50,435,500 253,230,200 20,082,100 560,030 583
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHEB CITIES.
Bid. Ask.
8EOUBITIE8.
BOSTON.
Maine 6s
New Hampshire 6s
Vermont 6s
Massachusetts 5s, gold
....
....
....
....
....
....
Chicago 8ewerflge.-7s
do
Municipal 7s
Portland 6s
#f
Tcpcka 1st m.7s
do
land grant 7s
do
2d 7s
do
lan^lnc. 3s..
Boston ft Albany 7s
6s
do
Boston ft Lowell 7s
Boston ft Lowell 6s
Boston ft Maine 7s
Boston ft Providence 7*
Bari, ft Mo., land grant 7s....
do
Neb.6s
rin
Nph
Ra
1RR4
Conn, ft Passnmpslc, 7s, 1891.
Eastern, Mass., 3>*», new.
...
do
7s
Kan. City Top. ft W., 7s, 1st
do
do
7s. Inc
115
115*
m
114
114
109
122
108
121*
....
Booton
Boston
Boston
Boston
109* 109*
51
5i*
135* 136
ft Albany.
ft Lowel*
ft Maine.
ft Providence
‘Burlington & Mo. In Neb..
121
75*
117*
.x
107* 107*
•
•
79*1
••
•
•
115
...
.
..
...
f
I
Cin.
Sandusky ft Clev
23
46*
7*
117
30
7*
....
do conv. 7s, 1893*
do
7s, coup, off, ’93
Phil, ft B.Coalft Iron aeb. 7s, 92
do
deb. 7s. cps.ofi
UAJ
*•
Philadelphia, 58 reg.
do
6s, old, reg.
rior to *95
do
over
do 6s,n.,rg
6B,n.,rg.,^rlOr
110*
110
7s, w’t’r ln.rg. ftcn. 115
7s, str.imp., reg.,*83-36. 100* 107
N. Jersey 6s, reg. and coup...
do
exempt, rg. ft coup.
Camden County 6s, coup....
Camden City 6s, coupon
do
78, reg. ft coup
Delaware 6s, coupon.........
Harrisburg City 6s, coupon.
railroad stocks, t
do
uo
do
do
41
pref
10
do
pref.....
new pref
ft Bound Brook...
Huntingdon* Broad Top...
do
do pref.
Lehigh Valley.
..
"2*
&
55*
.
103
Norristown....
Northern Pacific
1<%
45*
pref....
do
32
46
47
55
Little Schuylkill
Iiinehlll
Nesquehonlng Valley.
^3*
40*
do
40
46
II
45
41
24*
Moms
do
pref
6s
a*
104
ibis
‘80
103
85
25
37
50
49
P.B.,’96 102
105
do
g., r»g.,’94 105
mort. gold,’97... 101*
do cons. in.7s, rg.,191!
Morris, boat loan, reg., 1885..
m. co-iv.
do
Pennsylvania 6s, coup., ’.910..
Schuylk. Nav.lst m.6s.rg./97.
do
2d m. 6s. reg., 1901
do 6s, boatftcar,rg.,1913
do 7s, boatftcar.rg.,19.5
Susquehanna 6s, coup.. ;9.8 .*
101*
95
7#
102
73
60
79
75
81
75
BALTIMORE.
Maryland 6s, defense, J.ft J..
106
110
113
118
6s, exempt, 1887
do
6s, 1890, quarterly.. 108*
do
100
5s, quarterly
Baltimore 6s, iSSi. quart
103
do
108
6s,. 856, J .ft J
do
do
6s, 189), quarterly...
6s, park, 1890, Q.—M.
6s, 1893, M. ft 8
4
do
68,exempt,’9S.5I.ftS
8
do
6s, 19U0, Q — J
42*
do
6s, 1901, J.ft J
47*
do
r>u, 1) 5. new
Norfolk water, 8s
50*
BAILBOAD STOCKS. Par.
24*
180
..
pref...
...
7*
10
.
RAILROAD BONDS.
Allegheny
Val. ,7 3-10s, 1895...
*
do
7s,_B. ext., 1910
do
Inc. 7s, end.. *91
Belvidere Dela. 1st m., 6s,1902.
114
116
ioj*
35
109
36
2d m. 68.'8i.. 107*:
3dm. 6s, *37.. h>2
102*
Camden ftAmboy 6s,coup,*83
do
6s, coup., *89
mort. 6s, *89.
do
Cam. ft Atl.lst m. 7s,g.,19T3
do
21 m., 7s, cur., 1879
do
do
Balt.ft Ohio
....100
co
1st pr( f
do
2d prtf
do
Wash. Branch. 100
do
Parkersb’g Br. .50
Northern Central..
50
tv*
115
110
U7
117
116*
7*
116
*
no-]H 111*
110
122
124
110
112
loo * 101*
140
‘S'*
18
18*
31
28
101* 102
103* 110
101
Plttsb.ft Connells v.7s,’9S,J ft J 109
110
Northern Central 6s, *85, JftJ 106
110
do
6s, 1900, A.ftO. 109*
do 6s, gld, 1900, J.ft J. 103
Cen. Ohio 6s, 1st m.,’90,M.& 8. 108
108*
W. Md. 6s, 1st m., gr.,’90,J .ft J. 113
do
1st m., 1890, J. ft J...
100
do 2dm.,guar., J.ft J.... 113
do
2d m., pref
75
63
do 2dm.,gr.by W.Co.J&J 108
do 6s, 3d in., guar., J.ft J. 113
Mar. ft Cin. 7s, *92, F. ft A.... 0
do
do
Union RB.
do
.
2d, M.&N
8s, 3d, J. ft J
1st, guar., J. ft J..
CINCINNATI*
t 105
f 107
7*30s
....
...
..
do
scrip....
Pa.&N.Y.C.ft BR.7s,l89d
Pennsylv., 1st m., 6s, cp., *80..
do
gen. m. 68, cp.. 1910.
do
sen. m. 6s, i g., 1910.
do
cons.m. 6?, rg., 1905.110
do
cons. m. 6s. cp., 1905. 107*
do
Navy Yard 6s, rg/dl:. ^
Pe n. • o ,6a. reg
'...
Perkiomen 1stm.6s,coup.,*97
Phila. ft Erie 1st m.6s, cp.,*8t. 105*
do
2d m. 7s, cp./38. low*
Phila. ft Read. 1st m. 6s, ’43-M4, 103*
...
M8-.49.
2d m., 7s,' p., it
do
deben., cp.,’Sir
do
cps. oh.
scrip, 1882.
In. m. 7s, cp,l886
do
do cons. m. 7s, cp..l9tl..
do cons. m. 7s, rg.,19!i..
In cefau 1. t Per share.
§ Cou. to Jan. ,77 fanoed.
Louisville 7s
do
6s,’82 to ’87
+
do
6s,’97 to’98
f
water 6s,’87 to ’89 +
do
do
water stock 6s,’97.+
do
wharf 6s
t
do
spec’l tax 6s of ’89
Loul vvllle Water 6s, Co. 1907 +
120
Jeff. M.ftl.lst m. (lftM) 7b,’8l f
lu3*
2d m., Is
do
1
do
1st m., 7s, 1906....+
ilTH Lonlsv. C.ft Lex. 1st m.7s,’97t
85
iid
115*
105* 106
102
103
110
105
100* 101
101
65
70
102*
87*
104
102
103
102
100
ioo*
t89*
89
75
102
100
32*]
112
32
105
110
101
35
*35
107
104* 108
102
102
102
102
102
102
106
104
102*
112*
110
in* Louis.& Fr’k.,Loulsv.ln,6s,’8‘ 101
107* Loulsv. ft Nashville—
Leb. Br. 6s, ’86
f 102
102*
1st m. Leb. Br. Ex.,7s,'80-85. t 103
104
Lou. In.
do
6s, ’93.
101* 102*
100* Jefferson Mad. ft Ind. stock
08* 104
110*
104*
i20*
73
103
.t H5
South. RR. 7*303 .+
U2* 113*
do
do
6s, gold, f
Lie
Hamilton Co., O., 6s. long., .+
10'*
do *
7s,
l
to
5 yrs..t
Cam. ft Burlington Co. 68/97. 103
109*
do
7 ft 7*30s, long.t
109
Catawlssa 1st, 7s, conv., *o2... 104
^Cin.ft Cov. Bridge st’k, pref.
do
chat, m., 10s, ’]
Cin. Ham. ft D. lstm. 7s, ’80+
HO
do
new 7s 19*«0
do
2d m. 7s, ’851
Connecting 6s, 1900-1904..... i01*:
Cin. Ham. ft Ind., 7s, guar....
Chartiers Val., 1st m. 7s,C.,1901
Cin. ft Indiana 1st m. 7s
+
Delaware mort., 6s, various..
do
2dm. 7s, ’17
Del. ft Bound Br., 1st, 7s, 1905
1!2* Colum. ft Xenia, 1st m.
7s, ’90
East Penn. 1st mort. 7s, *88
Dayton & Mich. 1st m. 7s. *81+
E1.& W’msport, 1st m., 7s, *80.
do
2dm.
7s,’84.+
82
do
5s,perp
3d m. 7s, ’88+
do
107
Harrisburg 1st mor* 6a, *81.. 100
Dayton ft West, lstm.,’81...+
114
118
H. ft B. T. 1st m. 7s, gold, *90.
do
1st m., 1905.t
do
2d m. 7s, gold, *95. 102* 105
do
1st
190.»
do
3dm.cons.7e, *95* 46
49* Ind. Cin. ft Laf. 1st m.tfs,
m. 7s...
Ithaca* Athensist g d, Is.,*90
do
(I.ftC.) 1st m.7s,’88+
Junction lat mort. <h, *82..
Little Miami 6s, V3
t
do
2d mort. 6s, 19J0
Cin.
Ham.
ft Dayton stock..
L. Sup. ft Miss., 1st m., h g.§
Columbus ft Xenia stock
Lehigh Valley, lst,6s,cp., 189b
115*
Dayton ft Michigan stock...
do reg., 1893...
do
do
6. p.c. st’k, guar
do 21 m. 7s, reg., 1910..
Little Miami stock
do
con. m.,6s,rg.,1923
do
do
6s,cp.,19.3
LOUISVILLE.
Little SchuylklK, 1st rn.7s.V2
North. Penn. 1st m.6s, cp., 85
do
2dm.7s,cp.. *96.
do gen. m. 7s, cp., 1903.
do gen. m. 7s, reg., 190*3
Oil Creek ist m. 7s, coup.,*8’.
plttsb. Titusv. ft B.,7s, cp./96
18*
13*
Can ion endorsed. 106
Cincinnati 6e, long
do
7s
Uo
do
105
..
do
do
do
do
do
VO
io*4*
Delaware Division
Lehigh Navigation
do
do
106
106*
Chesap. ft Dela. 1st 6a, rg.,’86 75
Delaware Division 6s, cp.,’78.
Lehigh Navlga.m.,**, reg.,’84
109*
mort. RR., rg.,*9*. 100*
do
55
West Jersey
do
101
CANAL BONDS.
.
Susquehanna
107* 108
106*1 107
—
91
118
&
Pennsylvania
Schuylkill Navigation
38
85
114
95
108
112
45
Pennsylvania ...
40*
Pennsylvania
10
10*
Philadelphia ft Erie....
19* 19*
Pnlladeiphla ft Read mg
j Western Maryland
50
Philadelphia ft Trenton
50
Central Ohio
Phlla.Wflmlng. ft Baltimore
Pittsburg ft Connellsvllle..50
5*
Pittsburg Titusv. ft Buff....
BAILBOAD BONDS.
15* Balt, ft Ohio 6s, 1880, J.ftJ....
St. Paul ft Duluth R.R. Com
43
do
do
pref 42
do
6s, 1885, A.ftO.
United N. J. Companies...... 115* 146
N. W. Va. 3d m. ,guar.,’85,JftJ
West Chester consol, pref....
North
40
do
1st m. 6s, cp., *96.
do
1st m. 7s, ’99
Western Penn. BR. 6»,cp.!899 103* 104
120
Allegheny County 5s, coup
Allegheny City 7s, reg
00
Pittsburg 4s,coup., 1913.....
do
5s, reg. ft cp., 1913. 90
101* 162*
do
6s, gold, reg
Camden & Atlantic
101* 102
#
,
47*
Connecticut River
140
141*
Conn, ft Passumpslc
Eastern (Mass.)
! 15* 15*
Eastern (New Hampshire)... |
118 '
Fitchburg ...*...
,x}
Kan. City Top. ft Western... i
Bid. Ask
SECURITIES.
Phil, ft R. cons.m.6s,g.l.l9H.
• •
....
...
Cheshire preferred.
Chic. Clinton Dub. ft Min....
*73.
....
stocks.
Atchison ft Topeka
At chi on & Nebraska
...
V”
Fitchburg RR., 6s
Hartford ft Erie 7s. new
34* 34*
Ka^. City. 8t. Jo.&C. B. :s.
97* 97*
New Yojk & New Eng. Is
163* '104
dens burg ft Lake Ch. 3s...
98
Old Colony, 7b
6s
do
109* no
Omaha ft S. Western, 8s
Pueblo ft Ark. Valley, 7s..... ioe*
10'**
Rutland 8s,1st mort
87
90
Vermont * Canada, new 8s..
Vermont ft Mass. RB.,6s
..
Boston 6s, currency
do
5s, gold
Atch. ft
Bid. Ask.
8BCUBITIES.
.
....
•
•
Chesapeake* Delaware
Deposits. Circulation. Agg. Clear
$
•
•
CANAL STOCKS.
The following are the totals for a series of weeks past:
1878.
Dec. 14...
Dec. 21...
Dec. 28...
1879.
...4
Jan.
Jan. 11...
Jan. 18...
Jan. 25...
..1
Feb.
Feb. 8...
Feb. 15...
Feb. 21...
Mar. 1...
Mar. 8...
Mar. 15...
Mar. 22...
Mar. 29...
•
do
Delaware
East Pennsylvania
Elmira ft Williamsport.......
do
do
pref..
Har. P. Mt. Joy ft Lancaster.
1,029,400
1,470,000
268,000
559,400
45,000
799,000
269,000
221,000
180,090
*32*
119* 119*
Norwich ft Worcester
357.000
144,000
140
Btc.-Oontlnued.
do mort., 7s, 1892-3
Ogdensb. ft L. Champlain ... 16* 16*
02
do
Phila. Wilm. ft Balt. 6s, ’84....
pref.. 00
107* 108
Pltts.Cln.ftSt. L. 7s, con., 1600
Old Colony
100
101
Shamokin V.ft Pottsv.7s, 1901
i
Puilma Palace Car
Stoubenv. ft Ind. 1st, 6s, 1884.
s;* 80
Pueblo ft Arkansas
57* Stony Creek 1st m. 7s 1907....
19
19*
Sunb. Haz. ft W.,tst m.^s.^i
Rutland, preferred
117*
Vermont ft Massachusetts..
Sunbury ft Erie Ist m. 7s, *97..
S3
Worcester ft Nashua
byra.Gen.ft CornV.tsr.ls.tsoO
Texas ft Pac. 1st m ,6s, g.,1905
PHILADELPHIA.
do
cons. m..6s,g.,1905
STATE AND CITY BONDS.
ao
lnc.ft 1. gr ,7s 1915
Penna. 5s, g’d, Jnt.,reg. or cp. 103
Union
1st m. 7s, *90.
ft
Titusv.
do
5s, cur.,reg
United N. J. cons. m. 6s,’94..
iii* ii‘2 Warren
do
ft F. 1st m.7s, ’98
do
6b, 10-15, reg., H7I-’82. 100* 100*
West Chester cons. 7s, ’91
do
6s, 15-25, reg., l882-’92 100* 108*
West Jersey 6s; deb., coup.,’83
do
770,<>00
The deviations from returns of previous week are as follows
Loans and discounts
87
Catawlssa
1,084,900
528,600
307,700
....
32
69.000
449,000
1,532,200
886,700
178,400
19,024,100|50,435,500 253.230.200 20,682.100
60.800,200 272,936,000
No report, same as last week.
Bid. Ask.
SKCUBITIKB.
34,500
3.005,200
1,310,700
1.841.200
2,500, Loo
12,319,000
107,800
1.532.500
234.400
23.800
1.992.600
269.700
22,000
1,959,000
545.400
1,5 L3,6()0
25,300
339.500
305,000
2,983,000
403,000
2,256,000
70.200
215,000
4,034,300
5,600 1.215,600
1.250.400
21.700
160,000
2.281.300
30.200
016,000
1,006,400 4,059,500 20,587,400
2,128,000 3,468,000 10,974,600
500,100
65.800
68,000
609,800
4,800
105,800
34.100
810.900
158.200
86.000
691,000
75,000
387.900
1,000
95,500
1.122.100 3.755.900 18.238.200
9,144,000
450,000 2,993,000
2,555.000
180,000
508,000
361,300
4,059,000
934.900
211.100 2.788.900 10,207,900
8.135.200
925,000 1.182.100
203.900
844.600
50.200
42,000
1,024,300
332,000
1.202.900
9.700
313.400
114,000
218.900
1.712.100
2.354.400
142.700
493.500
Total
*
Net dep’ts
Circula¬
Legal
other
Tenders. than U. S.
tion.
Specie.
discounts.
PHIL IDULt* HI V,
Manchester ft Lawrence....
Nashua ft Lowell
Average amount of
Banks.
165
ST. LOUIS.
6s, loni
water s, gold
St. Louis
do
do
do
do
do
106
107
105
fiioe
:1
,
do
new
appr., g. 6s
bridge
+ 10
renewal, gold, 6s.t iC6*l
73*
ao
sewer, g. 6s, *9i-2-3.t 1<’6*
St. Louis Co. new park, g.6s.t 407* 108*
do
cur.•
7s
.
•
t And Internet.
,.f.f --iii,, ^l 1-.if
r
■^*iwwiwwMwinM*,r*
1
■ ■ r,f-
THE CHRONICLE
166
Vol. XXIX.
QUOTATIONS OP STOCKS AND BONDS IN NEW YORK.
and active Railroad Stocks are quoted on a previous pag$. Prices represent the per cent value, whatever the par may
U+ S. Bonds
*
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
5/.
BONOS.
STATE
Bid.
SECURITIES.
Ask.
Ask
Bid.
Securities.
Ask.
■
0s,
0s,
7s,
0s,
8s,
8s,
8s,
8s of 1892
8s of 1893
Class A, 2 to 5
46%
8ass C,
B, 25sto 5
....
ass
Arkansas—0s, funded
7s, L. Rock & Ft. Scott
51
7s, gold
Illinois—0s, coupon. 1879...
floating debt....
penitentiary
levee
do
do of 1875
of 1910
7s, small
Michigan—0s, 1883
110
111 H
RAILROAD
Ballroad Stocks.
{Active previously quoted.)
Albany A Susquehanna....
Boston & N. r. Air L., pref.
Burl. Cedar Rapids & No...
Chesapeake & Ohio
do
do
do
1st pref.
2d pref.
Chicago k Alton, pref
Chicago St. Paul & Minn....
Dubuque & Sioux City
113% 115
38% 40
62%
Laf
Keokuk k Des Moines.
do
do
pref.
Lonisville & Nashville
Manhattan
Marietta k Cin., 1st pref...
do
do
2d pref...
Mobile k Ohio
Nashville Chat. & St. Louis.
New‘Jersey Southern
N. Yi Elevated, ex priv
V. Y. New Haven & Hartf.
Ohio k Mississippi pref
Pitts. Ft. W. & Cnic. spec’l.
Rensselaer & Saratoga
St. LOuis Alton & T. H
do
do
pref.
Terre Haute & Indianapolis
United N. J. RR. & Canal ..
miscellaneous St’lts.
Adams Express
American Express
United States Express
Wells, Fargo k Co
Quicksilver
do
pref
Co., Baltimore
American Coal
Consolidation Coal of Md..
Canton
Pennsylvania Coal
Mariposa L’d k Mining Co..
do
do
pref.
Ontario Silver Mining
■*■
*87%
*86
109
99;
*ioi‘
1st con., guar
Rens.& Saratoga, 1st,coup
do
1st, reg.
Denv.& R. Grande—1st,1900
Erie—1st mort., extended..
2d mortgage, 7s, 1879
3d mortgage, 7s, 1883
53
43%
4th
5th
mortgage, 7s, 1880
mortgage, 7s. 1888
7s, cons., gold bonds,
....
Han. & St.
140%
Jos.—8s,
110
111
j
j
*100"
Homestake Mining
Standard Conss Gold Mining
Pullman Palace Car
40
24'
155
4i*
24%
109
103
125
w 123'
121
104}
108% 109}
*104% 105
—
1920.
conv...
108
lli" 111%
115
116%
74%
72%
104
74%
73
105
Dub. & Sioux C., 2d div...
Cedar F. k Minn., 1st m..
Lake Shore—
Mich S. & N.
102
111
cons, reg., 1st.,
cons, coup., 2d.
cons. reg.. 2d ..
do
do
do
41
25*6
90
Ballroad. Bonds.
Stock Exchange Prices.
Bost. H. & Erie—1st m
Lnuisv.A Nash.—Cons.m.,7s
2d mort., 7s, gold
Nashv. & Decatur, 1st, 7s.
Marietta k Cin.—1st mort ..
120
sterling
32%
Metropolit’n Elev—1st,1908
Mich.
Cent.—Cons.,
7s, 1902
*20
1st mort., guar
iid%
1st mort., 8s, 1882, s. f
8‘SH
Bur. Ced.R.& North.—1st,5s
Equipment bonds
Minn.& St. L., 1st, 7s, guar
Mo.K.& T.—Cons.ass.,1904-6
Chesap.A O.—Pur. m’y fund *98
32%
2d mortgage, inc., 1911 —
43
08, gold, series B, int. def.
109
II. & Cent. Mo., 1st.. 1890.
21
0s, currency, int. deferred
*105
11894 N. Y. Central—0s, 1883
Chicago & Alton—1st mort.
107
0s, 1887
*105%!
Income
104%
6s, real estate
100% 107
Sinking fund
104%
6s, subscription
Joliet & Chicago, 1st m...
N. Y. C. & Hud., 1st m., cp. *125
Louis’a & Mo., 1st m., guar
do
1st m., reg. *124%
98 !100
2d 7s, 1900.
do
Huds. R., 7s, 2d m., s.f.,’85 *1L0
St. L. Jack. & Chic., 1st m. *112% j
85
....'105
Canada South., 1st, int. g.
Miss. Riv. Bridge,1st,s.f,0s
Harlem, 1st m., 7s, coup., *126
Chic. Bur. & Q.—8 p.c., 1st m *110 jll0%
125
do
1st m., 7s, reg — *124
Consol. mort., 7s
N. Y. Elevated—1st, 7s, 1900 110
5s, sinking fund
Ohio k Miss.—Consol, s. f’d 112%
Chic. Rk. I.& P.-0S, cp.,1917 *.... 114
113
Consolidated
6s, 1917, registered
99
2d consolidated
93% 95
Keok.& Des M., 1st, g., 5s.
1st m., Springfield div
Central of N. J.—1st m., ’90.
1st mort.,
.
....
""|l07"
...
....
1st consolidated
....
assented.
do
Convertible
do
98"
97%
assented
Adjustment, 1903
Lehigh &W. B.,con., g’d..
do
assent’d
Am. Dock k Impr. bonds,
102
*95
assented *88
do
Chlc.Mil.& St.P.—lst,8s,P.D
Ill
2d mort., 7 3-10, P. D
1st m., 7s, $ gold, R. D.... 111%
113
1st m.. La C. Div
110%
1st m., I. & M
109
1st m., I. k D
1st m., H. k D
*112%
1st m., C. & M
105%
Con. sinking fund
....
2d mortgage
1st m..7s, 1. k
D. Ext
Chic, k Northw.—Sink. f’d..
Interest bonds
Consol, bonds
Extension bonds
1st mortgage
*102
10;
*1
*100
!"!
102%
103%
92%
125
.
.
113
114
112
111
110
100%
108%
114"
115%
109% 111
* ..[130
109
111
,b
nominal.
Equipment bonds, 7s,
1883
Consol, conv. ex coupon.
Gt. Western, 1st m., ex cp
do 2d m.,7s,’93,ex cp
Q. k Tol., 1st, 7s, ’90,ex cp.
I11.& So. Ia., 1st m.7s,ex cp
West. Un. Tel.—1900, coup.
1900, registered
Spring.V’y W.Works,
1st 0s
do
do
do
do
.
2d
3d
m..
do
4th mort...
Col. Chic. & I. C., 1st con.,
do
2d con...
do Tr’t Co.ctfs.1st con
do
do
2d con
Rome tvof *-r»rr—enn i of
+ And accrued
interest.
107*
98
*128%
*123
125
113"
90%
90
115
114
97
75
45
*....
52
68
41" 50'
St.L.A San F.—2d m.,class A
2d mortgage, class B....
do
class C....
St.L.A S.E.—Cons., 7s, g.,’»4
Augusta, Ga.—7s, bonds—
Charleston, S. C.—Stock, 0s.
7s, F. L
Columbus, Ga.—7s, bonds..
Macon—Bonds, 7s
Memphis—Bonds, C
Bonds, A and B
•
•
•
•
•
•
•
.
.
.
•
•
•
•
•
•
•
„
,
.
.
•
* •
•
*
....
•
....
86
Endorsed M. & C.
105'
+111
114
71%
Val.—8s, 1st
m +103
Gt.N.—1st,7s,g.,ctfs
7s, gld
84%
89%
53
103
93
110
85
97
75
102
102
90
107
100
65
95
87
108
75*
85*
107
103
104
Consol, bonds
Indianan. Bl. k W.—1st m..
100
60
55
73
78
103
101
85% 80
23
Indianapolis & St.L.—1st, 7s
Indianap.& Vine.—lst,7s, gr
International (Tex.)—1st, 7s
Int. H. & Gt. No.—Conv., 8s
Jack.L.& S.-^s, 1st,“white” +108
Long Island—1st mortgage. 105
35
Montclair k G.L.—1st, 7s, n.
45
N. J. Midland—1st, 7s, gold.
South’n—1st, 7s
N. Y. k Osw.
Midl’d—1st m.
23
Receiver’s certif’s, labor.
do
other.
Oswego k Rome—7s, guar..
H9.
eo.v
Po'tfin 'PoVin
.T.—T«t
m...
* No price to-day; these are
6
42
15
00
50
95
34
Tf.nn
95
70
97
85
88
107
97
104
108
Compromise
Mobile—5s, coupons on
8s, coupons on
0s, funded
Petersburg—6s
8s
Richmond—0s
Savannnah—7s, old
7s, new
Consols, 5
Stock
Charl’te Col.& A.—Cons., 7s
2d mortgage, 7s
East Tenn. & Georgia—Cs..
E.Tenn.A Va.—6s,end.Tenn
E. Tenn. Va. k Ga.—1st, 7s.
Georgia RR.—7s
Stock
Greenville & Col.—7s, 1st m.
7s, guar
Macon & Aug.—2d, endors.
Memphis& Cha’ston—1st,7s
2d, 7s
Stock
Memp. k Lit. Rock—1st, 4s.
Mississippi Cent —1st m., 7s
2d mort., ex coupons
Miss, k Tenn.—1st m., 8s,
1st mortgage, 8s, B
Mobile k Ohio—Sterling,
Sterling, ex cert., 6s
A
*
*
*
T
60
55
2d mortgagees
New 1st mortgage
New debentures
N. O. k Jacks.—1st m.,
...
8s
8s...
Certificate, 2d mort., 8s...
Nashville Chat.A St. L.—7s.
1st, 6s, Tenn. k Pac. Br...
1st, 6s, McM.M.W.&Al.Br.
Norfolk k Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage, 8s
Northeast., S. C.—1st m., 8s.
2d mortgage, 8s
age k Al<ex’a—lsts, 6s.
Orange
2ds, 6s
3ds, 8s
4ths, 8s
Rich.A Dan.—1st consol., 0s
Southw. Ga.—Conv., 7s, ’80.
Stock
S. Carolina RR.—1st m., 7s.
7s, 1902. non-enjoined —
Savan’h & Char.—1st m., 7s.
Cha’ston k Sav., 6s, end..
West Ala.—1st mort., 8s....
2d mort.. 8s, guar
PAST-DUE COUPONS.
Tennesssee State coupons.
South Carolina consol
Virginia coupons
rnnsol, COUDOPS...
no
102
100
60
05
75
70
20
20
25
25
15
15
25
50**
40
80
80
22
90
90
25
32
20
105
106
130
24
100
100
110
104
73
73
70
100
75
75
73
20
103
30
105
110
112
60
95
72
93
95
102
40
110
70
97
70
00
40
100
50
119
....
55
97
95
70
3
35
101
99
no
r
8s, interest
do
58
103
80
6s
latest quotations made this week.
.
20
10
10
20
Stock
73
57
Hous. & Tex. C.—1st,
Western Div
Waco
•*
105%
103
90
104
90
00
94
f
RR
100
111
116
+100
72
Denver Pac.—1st,7s,Id. gr.jz
Erie & Pittsburg—1st m., <s *100
100%
Con. mortgage, 7s
85
7s, equipment
Evansv. & Crawfordsv.—7s. 102
80
Evansv. Hen. & Nashv.—7s.
55
Evansv. T.H. k Chic.—7s, g.
90
Hint k Pere M.—8s, l’d gr’t
84
Galv. Hous.& H.—7s, gld,’71
Gr’nd R.&Ind—lst,7s,l.g.gu 107
92
1st, 7s, Id. gr., not guar...
70
1st, ex land grant, 7s
Grand River
85
57
55
70
no
93
78
54
52
60
*107
89
101
tf..
108
115
108
114
115
Cin.& Spr.—1st, C.C.C.&I.,7s
1st m., g’d L. S. & M. S., 7s. 104% 106%
110
Col.& Hock. V.—1st,7s,30 yrs +100
+100
1st, 7s, 10 years..
+100
102
2d, 7s, 20 years
64% 67
Dan. Urb. B1.& P—1st, 7s, g.
30
73
28
72%
•
•
....
New 3s
Nashville—6s, old
6s, new
113
New Orleans—Prem., 5s....
+107
Consolidated, 0s
+113%
Railroad, 0s
+114
+113% 114% Norfolk—0s
105
+109
RAILROADS.
Peak—0s, gld
New Jersey
™%
npv
new,
Montgomery—New 5s
+90
City
2d mort
106
1K00
1807
consol, bonds
ex matured coupon—
consol., 2d series
deferred
D. of Columbia—8 05s, 1924.
6h,
6s,
0s,
0s,
0s,
0s,
Wiim’ton,N.C.—6s, g., cp.on
8s, gold, coup, on
RAILROADS.
+114%
+101
Ala.&Chat.—Rec’rs
102%
ctfs.var
Oswego—7s
115
+113
Atlantic k Gulf—Consol....
Poughkeepsie—Water
116
Consol., end. by Savan’h..
Rochester—Water, 1903— +113
Cent. Georgia^-Cons. in., 7s
+110%
Toledo—8s, water, 1894
Hous.&
•
2h
28%
28%
8s
Water works
2d mortgage, inc., 7s
Chic. St. P.& M.—6s, g., new
Land grant, 6s, gold..,
m..
Cleve.& Pitts., consol., s.f
*90
40
54
88
50
102
92
108
80
90
Pennsylvania RR—
m.
*35
+100
111% Cent, of la.—1st m., 7s, gold
Chic.& Can. So.—1st m.,g.,7s
114* Chic, k East. Ill.—1st m., 0s
121*
1st m.,6s,’95,with cp.ctfs 118
1st m., 0s, ’90
116
do
with coup, ctfs
1st m., 7s, Leav. br., 90..
do
with coup, ctfs *85
1st m., 7s,R.&L.G.D’d,99
do
with coup, ctfs
1st m., 7s, land gr’t, ’80..
do
with coup, ctfs *120
2d mort., ’80
with coup, ctfs *94"
do
Inc. coup. No. 11 on 1916 *60
70
Inc. coup. No. 10 on 1910
Den. Div. 6s ass. cp.ctf. 103%
1st
107
rid'
*106%
Carondelet Br...
,
100*
112
105
•
Southern Securities.
(Brokers' Quotations.)
STATES.
00
ae
N. Carolina.—New 4s
87
92
So.Carolina—Con., 6s (good)
Rejected (best sort)
Texas—6s, 1892
M.& S +103*’ ids’*
112
7s, gold, 1892-1910 .. J.& J. +111
78, gold, 1904
J.&J. +112 113
101
+99
108, pension, 1894... J.& J
49% 50%
Virginia—New 10-40s
CITIES.
100
103
Atlanta, Ga.—7s
50
100
xl05
x91
100
...
1%
Non-fundable
Extension
Tol. Can. S.& Det.—1st. 7s, g
Union & Logansport—7s.
Union Pac., So. Br.—65, gld.
105
Income, 7s
Pitts.Ft.W.& Chic
Buffalo—Water, long
Atchison k P.
113*
Registered, 8s
50
80" 'Bost. k N. Y. Air-L—1st m.
[California Pac.—7s, gold....
126
1 6s, 2d mortgage, gold
mi
1st m.,
*108%
111% 112
110
1st pref. inc. for 2d mort.
1st inc, for consol —
Tol.&Wab.—lstext.78,ex cp.
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex coup
108% Chic.& Southwest.—7s, guar
Cin. Lafayette k Ch.—1st m
108
South Pac. of Mo.—1st m.
Kansas Pac.—1st m.,0s,’95
Galena k Chicago, exten. 103
Peninsula, 1st m., conv...
Chic, k Milwaukee, 1st m. *116"
108%
Winona k St. P., 1st m ... *108
do
2dm....
100%
C. C. C. k Ind’s—1st, 7s, s. f. *118"
104
Consol, mortgage
C. St. L. k N. O. Ten. lien 7s
90
100
do
do
1st con. 7s
Del. Lack, k West.—2d m.. *107
7s, convertible..
Burlington Div.I
2d mortgage, 1880—
Consol., 7s, 1910
Pur. Com. rec’pts, lst.E.D
do
1st, W. D.
do
Bur. Div.-
Yonkers—Water, 1903
125%
7s of 1888
St.L.Vandalia& T.H.—1st
2d mortgage, guar
105%
105% Sand. Mans. & Newark—17s..
103% Scioto Val. 1st 7 p.c. s.f. bds +101
88
South Side (L. 1.)—1st mort
113%
South Minn.—1st m., 7s, ’88. 100
100
1st mortgage, 7s (pink)....
Belleville & So. Ill., 1st m. *109
Tol. Peo. & W— 1st m., E.D.
1st mortgage, W. D..
'J’-JJOg
San Joaquin Branch.... 100%
Cal. k Oregon, 1st
*106
State Aid bonds
103
Land grant bonds
104
Western Pacific bonds
South. Pac. of Cal.—1st m.
Union Pacific—1st mort.. *109
113
*112
Land grants, 7s
116
Sinking fund
Pacific RR. of Mo.—1st m.
2d mortgage
95
99
94
«
72% Newark City—7s, long
Water, 7s, long
32%
..
,
120%
Coupon gold bonds
Registered gold bonds....
Iowa Midland, 1st in., 8s..
Pacific Railroads—
Central Pacific—Gold bds.
80
88
2d mortgage, pref
do
income
Indianapolis—7’30s
....
:■
94%
St.Chas.B’dge,lst, 7s, 1908
North Missouri, 1st m., 7s
St. L. Alton & T. H.—1st m.
113%
....
»
BONDS.
114
St.L. K.C-& N.-R. E.& R.,7s
Omaha Div., 1st mort.. 7s
Long Island
40
40
15
Registered
7s, sewerage
7s, water
7s, river improvement....
102%
115
+112
Cleveland—7s,
long —
105%
115
94% Detroit—Water works, 7s.. +112% 45
45
87
90% Elizabeth City—Short
45
41
103
Long
109
102
122' Hartford—6s, various
iii%
....
.
AND
STOCKS
bt. L.&Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo k Fulton, 1st mort.
Cairo Ark. k T., 1st mort.
Chicago—0s, long dates...
*112%
•>
•
uo
INCOME BONDS.
111%
111% Central of N. J., 1908
Leh. & Wilkes B. Coal, 1888
do
new bonds. *109%
St.L.I.M.&S.,lst 7s,pref.int.
Cleve. P’ville k Ash., old. 101
do 2d int.,0s. accum’e
new *112%
do
Chic. St.L.& N. 0.,2d m.,1907
Buffalo & Erie, new bds... *113%
107
*....
Buffalo & State Line, 7s..
Miscellaneous List.
Kal’zoo k W. Pigeon, 1st.
(Brokers' Quotations.)
117%
Det.Mon.A T., 1st, 7s,’19O0
CITIES.
120
Lake Shore Div. bonds... *117
120
119
Albany, N. Y.—6s, long...
do
cons. coup.. 1st
39
35
20
112%
illl.Cent.—Dub.&Sioux C.lst
104%
41%
41*9
103
103
100
105%
N.Y.L.E.&W.,n.2d,con.,6s
do 1st, con., f, cp.,7s
do 2d,con.,f.cp.,os,0s
15%
103]
105%
ex coup.,Sept.,’79 k prev
Long Dock bonds
Buff. N.Y.& E, 1st m., 1916
9%
110%
•
•
,,,,
Small
103"
Ohio-08.1881
0s, 1880
•
Virgina—6s, old
9%
2%
class 2
class 3
do
do
107
Ind., s. f., 7s.
Cleve. k Tol., sink. fund..
Atlantic k Pacific Tel
American District Tel
Gold k Stock Telegraph....
-
52
off, A.&O.
1808
Special tax, class 1
105
2d mort..
3d mort
do
do
do
105
103%
Albany k Susqueh., 1st m.
150
Harlem
Ind. Cin. &
coup,
11
Tennessee—6s, old
0s, new
6s, new series
New bonds, J. & J
do
A.&O
Chatham RR
MINCELLA^ EOUS
AND
Morris &Ess’x,b’nds, 1900
do
construct’n
do
7s of 1871
do
1st con., g’d.
Del.& Hud.Canal—1st m.,’84
1st mortgage, 1891
do
extended.
do
Coup., 7s,’94
do
Reg. 7s, ’94
1st Pa. div., coup.. 7s, 1917
do
reg., 7s, 1917
41
off, J. &J.
do
101
103
103
0s, due 1880
0s, due 1887
0s, due 1888
0s, due 1889 or ’90
Asylum or Univ., due ’92
Funding, 1894-95
Hannibal & St. Jo., 1880.
114*
24%
24%
Funding act, 1800
7s, 1890
Missouri—0s. due 1882 or ’83
101
112
coup,
55
10
April & Oct
Funding act, 1800
Land Com., 1889, J.&J...
do
1889, A.&O...
A.&O
do
do
do
37
7s, consolidated
iss.
7s, Memp. & L. Rock RR .
7s, L. RP.B. & N. O. RR.
7s, Miss. O. & R. R. RR...
7s, Arkansas Central RR.
Connecticut—0s
Georgia—0s
7s, new
7s, endorsed
new
new
Island—6s,coup.’93-9
South Carolina—6s
Jan. & July
gold, reg.,’87
0s, gold, coup., 1887
...
0s, loan, 188a
0s, do 1891
08, do 1892
0s, do 1893
North Carolina—0s, old.J&J
0s, old, A.& O
No. Car. RR., J. & J
Louisiana—0s
8sl Montg. & Eufaula RR.
8e, Ala. & Chatt. RR
do
New York—0s,
Kentucky—0s
8s 1888
Rhode
Missouri—Han.& St. Jo.,’87.
Illinois—War loan
Alabama^—5s, 1883
58,1886
8s, 1880
85
90
60
100
100
80
5
45
104
102
t
t
70
70
60
15
86
35
110
104
99
94
92%
107
98
102
112
97
100
94
02
115
91
85
85
70
25
90
38
112
107
102%
•
•
•
•
•
•
•
•
100
102
90
70
31%
32%
95
97
97" ioo"
40
50
50
112
112
115
115
15
40
20
80
0O~
20
•
•
82
•
•
I
■y+vrri
August
167
CHRONICLE
THE
16,1879. J
LOCAL SECURITIES.
NEW YORK
Insurance Stock List,
Bank Stock List.
[Quotations by K. 8. Bailey, Broker,7 Pine street.]
Nat’N
opt
are
Amount
Am.
Exchange.
Bowery
Broadway
Butchers^ADr.
Capital.
Chase
Chatham
Chemical
8
8
6
11
16
54
12
16
8
8
02.300 J & if
25
300,000
7
LOO 2,000,000. 346.90) J.& J.
100
27,900
300,000
0
a
25
450,000 166,600 J. A J.
100
100
300,000 3,221 600 Rl-m’ly 100
o
A
J.
167.600 J.
34
25
600,000
10
10
100 1,000,000 1,4 l.OoO M. AN.
6
8
100 5.000,000 2,638.900 J. A J.
100 1,000,000
166,700 J. A J.
10
io
100 1,000,000
828,600 F. A A.
06 800 J. A J.
25
34
250,000
J.
A
J.
25
100,000
11,400
0
100
150,000
43,700 J. A J. 10
130,0t 0
100
100,000
12
12
100
500,000 1,579.000 Q-J.
6
34
100 3,200,000
067,900 J. A J.
10
M
.AN.
10
30
600,000 398 400
7
A.A
O.
7
50 1,000,000
671.200
52 400 F.A A.
75
750,000
6
5
100
49,900 May.
200,000
6
100
4^,100 May.
200,000
7
0
25
14,300 M. AN.
200,000
3
30
18,400 J. A J.
225,000
7
7
100 1,000,000
217,3 0 J. A J.
14
14
100 1,500,000 1,889,900 J. A J.
8
133.100 J. A .T.
8
50
500,000
6 700 J. A J.
50
6*
3
100,000
12
11
100
600,000 427.800 J. A J
8
A
F.A
8
50 2,050,000 1,059.006
•
-
tr
Bid.
Last Paid.
Period 1877. 1878.
*
Central..
July,
May,
July,
July,
July,
July,
’79. 3)4 127
’79. 3
110
’79. 5
’70. 8
’70. 3
’79. 34 98
July!
’79. 3
1600
79.15
’79. 3
’79. 5
130
79. 4
79. 314 97
’79. 5
130
’79. 34
’70. 3
Ask.
135
112
Adriatic..,
City
Commerce
....
Continental....
July,
July,
May,
Ju y,
July,
....
Exch’ge*.
Hast River
11th Ward*....
Fifth
Fifth Avenue*.
First
Fourth
Fulton
Gallatin
German Am.*
German Exch.*
Germania*
Greenwich*....
Grocers*
Hanover
Imp.* Traders’
Irving
Island City*...
Leather Manuf.
Manhattan*....
.
Amity..
105
.
.
.
U
.
Metropolitan
Murray lilll*..
3,000,000
>100
100
Nassau*
100
New York
100
N. Y. Countv.. 100
N. Y. N. Exch. 100
Ninth
100
No. America*.. 70
North River*.
30
Oriental*
25
Pacific*........ 50
..
100,000
1,000,000
2,000,000
200,000
300,000
750,000
700,000
240,000
800,000
422,700
100 2,000,000
1 412,500
1,000,000
1
125,000
Republic
100 1,500,000
100
500,000
Seventh Ward. 100
300,000
Second
100
300,000
Shoe & Leather 100
500,000
Sixth
100
200,000
State of N. Y.. 100
800,000
Third
100 1,000,000
Tradesmen’s... 40 1,000,000
Union
50 1,200,000
West Side*
100
200,000
8t. Nicholas
8,800 J. A J.
10 i.900 J. A J.
288,800 I. A J.
070 tOO J. A J.
68.700 M.AN.
78.000 M.AN.
179,50 ) MAN.
708,000 J
•
•
•
»
r
7X
8
8
3
6
*
-
11
12
6
10
6
10
10
0
8
0
53,100
81,900
238/300
41 200
196,100
104.000
269 400
660,000 M.AN.
104,700 J. A J.
Eagle
Empire City...
Exchange
T
_
T
-
•
-
*
Germania.
July, '79. 314
Jan., ’79.
July, ’74.
Aug. '79.
Aug. ’79.
July, ’78.
July, ’79.
July, ’79.
July, 79.
May, ’79.
Jan., ’78.
0
34
Hanover...
Hoffman...
Hope
*
Howard..,
Irving....
Jefferson.
125
Lamar..
Lenox...
.
,t
Lorillard
*
34
....
3
9
10
0
7
3
3
10
10
7
7
3
y
8
8
3
3
4
4
.
«
-
.
-
Mech.ATrad’rs
Mech'ics’(Bli
Mercantile..
Merchants’..
4
-
.
•
100>s
....
•
•
•
Niagara.
loo
....
•
•
•
People’s
....
Produce Exch.
Relief
.
...
Republic..
145
...
Rutgers’
Safeguard
Standard...
Of same date for the State banks.
Star
Sterling...
Stuyvesant
City Railroad Stocks and Bonds*
[Gas Quotations by George H. Prentiss, Broker, 24 Broad Street.]
Gas and
Gas Companies.
Amount. Period.
Par.
[
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn)
bonds
do
25
20
50
20
50
100
V r.
100
Jersey City A Hoboken
Manhattan
Metropolitan
do
certificates
Mutual, N. Y
do
25
Va
100
10
scrip....
Hew York
People’s (Brooklyn)
do
do
do
bonds
do
certificates.
Central of New York
50
50
Var.
do
scrip
Metropolitan, Brooklyn
Municipal.
100
100
bonis
....
1
3
2
750 000 M.
AN.!
95
35
135
145
110
1882
F.A A.
466,000 F.A A.
1,000,000 Quar,
1,000,000 J. A J.
1,000,000 M.AN.
1,500,000
300,000
1808
Feb., ’78
74 Jan., ’70
5
June, ’79
5
Feb.,’79
34 Feb., ’70 101
14 Apl., ’70 50
3
4,000,000
1,000,000
1,000
300,000
Var.
Quar.
7
3
10J
50
82
85
’70 18
90
1897
Jan, ’70 70
Feb., ’79 55
-Jan., ’79 70
•Ian., ’79 85
May, ’79 4*
Feb.. ’79 110
104
1888
July,
34 May,
4
May.
34 Jan..
7
34
34
24
3
0
Tradesmen’s....
United States..
Westchester...
Bid. Ask.
May, ’79 110
2% July, ’79 50
Var.
Var.
M.AN.
M.AN.
J. A J.
M.AN.
J. A J.
700,000
.
Williamsburg
do
5,000,000
1,000,000
1,000,000
1,000
*
5
Var.
315,000 A. A O.
1,850 000 F.A A.
750,000 J. A J.
4,000,-000 J. A J.
2,500,000 M.A 8.
1,000,000 M. A S.
1,C00
Harlem
do
bonds.
Nassau, Brooklyn
2,000,000
1,200,000
Rate.
Date.
'79
’70
’79
120
55
100
45
145
150
120
104
60
104
60
90
90
22
0034
80
65
80
95
50
!120
108
1,000
100
1,000
1st mortgage
Brooklyn City—stock
1st mortgage
Broadway (Brooklyn)—stock...
Brooklyn A Hunter's Pt—stock.
1st mortgage bonds
10
1,000
100
100
900,000
094,000
2,100,000
1,500,000
J. A J.
J. & J.
Q-J.
J. AD.
2,000,000 Q-F.
300,000 M.AN.
200,000 Q-J.
400,000 A. AO.
1,000
300,000 J & o
SOO OOP
100
Sushwick Av. (B'klyn)—stock..
100 1,800,000 j. A j.
Mentral Pk.t y.A E. River—stk.
Consolidated mortgage bon "8. 1,000 1,200,000 J. AD.
100 1,200,000 Q-F.
Dry Dock, E. B. A Battery—ells..
500Ac
1st mortgage, conH’d
900,000 J. AD
100 1,000,000 J. A J.
Eighth Avenue—stock
1,000
lit mortgage
203,000 J. A J.
100
748,000 M.AN.
2d St. A Grand St ferry—stock
1,000
1st mortgage
236,000 A.AO.
100
600 000
Central Cross 'lown- stock. ...
1,000
1st mortgage
200,000 M.AN.
•
100
500
100
Houston, Vest st.APav.F’y—atls
1st mortgage
Second Avenue—stock
3d mortgage
Cons. Convert!Jlc
Extension
Jucth Avenue- stock
lit mortgage
third Avenue—stock
1st
mortgage
Tula
column
1.000
-00&C.
100
•
1,000
100
1,000
Itoenlo-ihira Street—stoex...
1st uiorttrao’e
1,000
100
1.000
•
7
100
85
July. ’79 40
Dec.1902 94
Aug. ’70 80
Ju.,et ’93 104
July, ’79 100
Jan., ’84 100
May, ’78 140
Apr., ’93 105
7
Nov.1004
24
7
2
7
0
7
0
1888
9.SP POO
500,000
1,199,500
150,000
1,050,000
200,000
750,000
415,000
2,000,000
v,000,000
J. A J.
Q.-F.
A.A O.
M.AN.
A. A O.
M.AN.
J. A J.
Q-F.
I. A J.
600,000 J A J.
250.000 ‘f.AV.
shows last dividend on stocks,
7
2
7
7
7
5
7
5
7
4
7
99
10
80
30
95
July, ’94
Apr., ’78
Apr., ’85
May, ’88 724
Sept.,’83 75
May, ’77 95
July, ’90 105
Aug., '79 123
July, ’90 98
aug. ’79 97
vf
v.
500,000
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
800,000
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500,000
350,000
200,000
Wllliamsb’g C.
150,000
150,000
1.000,000
200,000
200,000
300,000
200,000
200,000
20
50
50
100
50
100
100
25
100
25
50
100
100
25
25
25
10
50
’93 103
•
•
10
15
15
10
10
25
15
10
8
10
20
20
20
20
20
20
10
25
4
10
20
20
20
20
174
30
20
40
28,078 10
127,694 20
639,569 10
56,883 10
1,179.594 10
560 10
94,260 12
80,070 12
7,453 10
+288,638 10
188,040 20
3,420 10
143,113 20
03,141 10
35,53? 10
260,704 20
31,194 10
203,802 11
110,004 14
240,035 30
179,803 20
38,280 10
158,209 20
08,541 20
165,652 25
104.695 10
304,366 20
133,85a 20
30
,20
40
10
20
10
10
10
10
12
12
13
10
102,040
108,087
104,055
497,251
V
46,949
24,638
193,078
•••*••
200,000
200,000
300,000
200,000
200,000
300,000
250,000
300,900
34,310
143,401
106,523
210,962
101,506
250,000
403,302
23,325
160.272
148,074
Julv.
84
July.
*
—
July’ ’78. 5
A' g.
*79.10
*79.10
Juy
•Ju y.
Aug.
’79. 5
110
150
115
40
101
20
80
324
100
75
80
100
H5
130
101
100
104
but the date of maturity of bonic
115
Ju y.
Ju y,
iu y.
10
10
10
10
10
10
10
10
20
20
10
5
20
16
10 ^
10
10
10
20
16
10
10
12
12
20
10
30
20
20
20
10
10
20
10
18
12
20
20
14
10
20
20
17
14
N’ne
10
io
N’ne
10
12
11
12
11
10
30
20
30
20
20
12
20
20
20
20
18
12
20
20
15
34
34 N’ne
10 10
10
10
10
5
13
12
10
25
20
20
16
153^ 10
0
10
10
11*55 1235 6-23
15
174 123*
10
10*
10
14
10
20
10
20
25
12
16
10
10
10
10
20
20
20
47
105
100
2O0
95
100
115
95
30
100
110
130
170
107
250
00
115
140
80
115
50
80
100
00
125
100
50
120
05
80
120
00
’79.10
Ju'y,
July,
July
Juy.
Ju'y.
July,
Jau.,
’79.6'83
’70.10
*«9. 5
’70. 5
79. 74
’79 3>v
’77. 5
’79. 5
’74. 7
*70. 5
*79. 7
’79. 5
’79. 7*
’79. 3*
’79. 5
’79.15
’79. 5
-79. 5
’79. 3m,
’79
Jan.,
5
’79. 5
July, *79. 34
Ju y,
M’c
5
’70
i
July,
Ja,;.
July,
Juy.
July,
July,
’79.10
’79. 5
’79
'79.
’79.
’79.
0
5
5
5
Jan.. ’79. 5
July. ’79. 6
July, ’79. 5
July, ’79.10
Ju:y, ’79.10
July, ’79. 5
July, *79. 5
Jmy, ’79. 5
•
•
•
104
160
105
80
115
108
79.10
Ju y.
....
102
105
July, *79. 5
July, ’79. 5
Au< '79. 5
110
...
....
Jan.,
July.
Apl
July,
July,
50
’79. 5
July.
July,
’79. 0 115
’79. 4 100
’70.10 210
108
’70. 6
’79.10 180
’70. 0 110
110
’79 5
’77. 3* 05
’79. 5
’79. 34 05
J u y,
’79. 5
,
Ju y,
Ju y
.
July,
J*n.,
65
200
205
•
•
....
.
.
.
•
....
55
120
170
210
105
107
125
100
•
•
•
•
....
120
140
180
....
70
125
100
87
125
....
95
105
70
139
....
130
105
90
130
73
140
110
170
•
••1
85
130
112
105
.
•
•
*
180
125
05
00
....
110
232
120
115
90
72H
173
*
•
••
.
.
.
117
80
.
’79. 5
185
July, '79.10
•
200
120
95
July, ’79.10
100
Julv, ’79 8
70
Aug. ’79 5
Ji.lV, ’79. 34 115
112
July, ’70. 6
Au<. ’79. 34 70
July, ’79. 5
100
Ju v, *79. 5
120
Ju y, ’79. 5
Aug
•
....
100
•
185
190
180
193
110
*70.10
*7«. 8
June
•
70
50
77. 4
July,
10
22
10
30
7
••
.
•
•
.
115
’70. 5
Ju y,
Jan
including re-lnsurance, capital and Rcrlp.
B lgures with a minus slgu (—) indicate extent of impal
•
•
•
•
•
♦
•
•
no
•
•••
t Inclusive of
ment.
City Securities*
[Quotations by Daniel A. Moban,
Broker, 40 Wall Street.]
Pbioe.
Interest.
New York:
Water stock
1841-63.
Croton water stock..1845-51.
do
de
..1352-60.
Croton Aqued’ctstock. 1865.
do
pipes and mains...
reservoir bonds
do
Central Paik bonds. .1853-57.
do
no
..1853-65.
Dock bonds
1870.
...1:75.
1865-68.
Impovementstock.... 1869
20
90
65
102
140
110
150
100
102
02k»
50
07
90
lOd
•
79. 3^
July
Over all liabilities,
scrip.
50
*78. 5
78. 34
18
25
Jan..
11-45 12-50 13 40 Ju y
20
20
30
Apl ,
10
14
14
Jiiiy,
10
20 5 15
Aug.
15
15
15
July,
10
12
15
July,
N’ne luly,
10
10
11
12
12
July,
io
21,120
22,054
454,283
hi,9/d
400,203
5
14
10
N’n^
10
20
20
20
20
10-72
12
Bid. Ask.
Last Paid.
July. *79. 5
N’ue July, ’77. 5
18
5
io
200.000
Market stock
!
H July, ‘79i 12
7
J ly,1900 ! 85
2
July. 79 00
7
Ju y, ’84 101
34 Aug. 79 130
7
Nov., ’80 102
3
July, ’70 135
3
Oct., ’70 90
7
1*0.000
do
*
100
3,000,000
•
1878.
1876 1877
"
[Quotations by H. L. Grant, Broker, 145 Broadway.]
BJMCker St.dk Fulton terrstk.
lit mortgage
Broadway A Seventh Ave—stk..
200,000
150,000
500,000
200,000
200 000
....
.
50
25
100
15
50
50
100
25
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
Park
#
3
33*
3
74 July, ’79. 334
138
10
May, ’70. 4
8
July, ’79. 0
50
85
100
100
100
50
25
25
lie
•
00
17
10
10
100
100
374
82
3
3)4
3Jr*
.
.
#
J»}y. ’79. 3
50
.
Greenwich.
Guardian..
Hamilton
....
•
■
100
30
50
100
40
100
30
.
....
••
•
79. 234
.
Globe
f
July, ’79. 4 120
July, ’79. 4
Aug ’79. 3\4
July, ’70. 2%
July, ’77. 3
July, ’79. 334
July, ’79. 4
A.'ig.
.
Firemen's Tr
* • •
t
.
1
t
3 100
3)4 116
x31
4
2
2)4
91
3
33^ 124
214
.
.
Firemen’s
t
214
.
Farragut
3
3
34 103*a
7
4
3
4
33* 130
-
58.700
F.A A.
F.A A.
J. A J.
J. A J.
J. A J.
J. A J.
M.A.N.
J. A J.
J. A J.
..
...t
....
153,100 J. A J.
»
314
127
4
July, ’79. 6
May, ’79. 2% 80
t
....
.
50
100
100
50
25
25
17
20
City
May, ’79. 5
May, ’77. 0
•
T
.
Clinton
Columbia
Commercial
Continental...
100
Aug. ’79. 24
12
5
7
8
8
6
.
Citizens*
f.
t
...
.
125 800
1t,
.
,
.
80,700
337,200
...
May, *79.
Jan., ’77.
July, *79.
July, ’79.
July, ’79.
Jan., ’78.
July, ‘79.
Aug. ’79.
July, ’79.
July, ’79.
7
July, '79.
J4
9
8
July, ’79.
2
May, ’79.
24
74
July, ’79.
6
May, ’79.
74
34 July, ’79
July, ’70.
34d
July, ’79.
10
10
July, ’79.
•
•
.
47.500 M.AN.
700.500 J. A J.
72,500 I. A J.
75,600 F.A A.
71.000 J. A J
54.600 •J. A J.
82 2 0 J. A J.
169,900 J. A J.
211.500 Q-F.
309.500 J. A J.
1S8.300 J. A J.
.
....
A d
144,400 J. A J.
57.900 J. A J.
842,600 J. A J.
.
T
4,877
300,000
200,000 -10,944
400,000 +400,19 i
08,820
200,000
200,000
200,000
398,757
300,000
200,000 208,201
197,002
153,000
300,000 483,081
163,191
210,000
145,144
250,000
—1,422
300,000
100,780
200,000
1,000,000 1,040,755
531.070
300,000
80,008
200,000
105,240
200,010
135.882
200,000
68,253
204,000
150,000
73,073
150,000
147,083
200,000
1,000,000 822,547
703,104
500,000
124,936
200,000
339,029
200.000
.
Broadway
Brooklyn
July, ’79. 5
July, *70 3
102!*
May ’79. 34
Apl., ’70. 33^
-
...
Phenlx
Produce*
.
25
100
.
Bowery
1879.*
Amount
l
.,
Price.
1
Par.
.
Atlantic
July,
July,
July, ’79. 3
.
.
.
,
...
People’s*
.
.
.
Manuf. AMer.* 20
100,000
Marine
100
400,000
Market
500,000
100
Mechanics’
25 2,000,000
Mech. Assoc’n. 50
500,000
Mech’lcs A Tr.
300,000
Mercantile
1,000,000
Merchants’.
50 2,000,000
Merchants’ Ex. 50 1,000,000
300,000
100
Metropolis*..
Park
.
Aug.
r tilwr
.
AStna
American.
American
Dividends.
Surplus,
Companies.
....
Citizens’
Corn
dates. §
•3,000.000 i,?85,0"0 J. A J.
,5,000,000 1,214 400 M.AN.
250,000
1U3.100 J. & J.
1,000,000 1,252.100 T. A J.
America*.....,.
Net
latest,
dt
Mark’d thus (*)
Pbioe.
Dividends.
Surplus
apital.
Companies.
do
....18t9.
(io
Consolidated bonds
var.
Street imp. stock
do
do
New Consolidated
Westchester County
var.
var.
Rate.
Mouths Payable.
Bonds
due.
5
Feb., May Aug.A Nov.
1880
5
0
6
7
0
5
0
7
0
7
6
7
0 g.
0
7
3 g.
7
B
do"
do
do
May A November.
Feb.,May, Aug.A Nov.
do
do
do
Pirk bonds
Water loan bonds
Bridge bonds
.
Water loan.
City oonos
Kings Co. bonds
do
do
Park bonds
Bridge
•All Brooklyn
....
7
7
7
7
7
0
0
7
6
do
tlo
May A November.
May A November.
do
do
do
do
do
do
do
do
do
do
January A July.
do
[Quotations by N. T. Bbebs, Jr.,
Brooklyn—Local JLmpr’emh
City bonds
do
do
do
do
Bid.
100
104
104
100
110
109
108
108
1800
1883-1890
1884-1011
1884-1900
1907-1911
1808
1895
1901
123
107
1898
118
1894-1897
107
1889
1879-1890 102
113
1901
1888
1024
1879-1882 102
113
1890
118
1894
Atk
101
105
107
112
124
112
109
109
128
109
119
108
116
115
106
105
115
119
Broker, 1 New st.]
January A July,
do
do
io
do
do
do
do
do
uo
do
do
do
Mav A November.
no
dn
January * July.
do
do
1879-1880*101
1881-1895!J02
1915-1924
1900-1924
1904 1012
.1890-1905
125
123
121
112
106
111
128
127
127
114*
1881-1895 103
112
108
118
&
1860-18*8 1U8
1880-1885 101
1924
1907-1910 112
114W
bonwi fla£.
[Quotations by C. Zaubiskie, 4? Montgomery
Jersey City—
Watei loan ,long
do
Sewerage bonds
......
...18^-71.
1866-69.
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds
1WW-69.
St., jersey City.]
97
1805
January A July.
1899 1902 101
January A Jmy.
1878 1879 97
do
do
07
Jan.t May, July A Nov. 1878-1879 07
189' -94
J. A J. and J A D.
.lftnnarr and Jn»v
lfcOO
1
97
99
104
99
99
09
99
CHRONICLE
THE
168
(ToL. XXIX.
CHICAGO & NORTHWESTERN RAILWAY PROPER.
1,615*96 miles.
Miles May 31,1878, as per last annual report
Add for Carpenterville extension
*54
“
AND
Total
PROPRIETARY RAILROADS.
The 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
subscribers.
sufficient number is printed to supply regular
a
One number of the Supplement, however, is bound
Financial Review (Annual), and can be purchased
Winona & St. Peter Railroad and branches,
per
Total of
REPORTST
follows:
“
“
68*80
“
537*53 miles.
.....2,154*03 miles.
The following statement compares
the preceding year :
miscellaneous
Total earnings
Taies.
Int on bonds and
Sinking funds
Exchange G. & C. U. stock.-...
7,707,649
Rental <J. I. 6i N. RR
Rental O. Rap. & Mo. R. RR..
Rental Maple River RR
$6,873,272
were :
bonds and gold premium
Total
$3,261,792
For interest on
For rent of Iowa leased roads
For account sinking funds
282,306
Dec.
1,725
83,763
150,330
Inc.
66,567
$14,751,062
$14,580,921
Dec.
$7,260,118
$7,349,652
gold prem.
$14,580,921
357,996—
charges to be deducted
284,032
...
Operating expenses
$7,349,652
The operating expenses were
Taxes
1878-79.
$3,240,695
10,637,367
10,754,168
262,420
Total
282,306
150,330
Net
1,225,731
Inc. or dec.
Dec. $125,982
Dec. 116,800
270,220 Inc.
7,800
1877-78.
$3,366,678
Earnings.
Passengers
Freight
Express
270,220
express
mails
the business with that of
WHOLE ROAD.
Gross
10,637,367
freight
COMPARATIVE STATEMENT.
Mails
Miscellaneous
$3,240,695
From passengers
“
The
62*63
proprietary lines
*
Chicago & Northwestern.
(For the year ending May 31,1879.)
The annual report just published has the following :
The gross earnings of all the lines for the year were as
**
75*35
nesota
Northwestern Union Railway
Iowa Midland Railway
Total railroad
ANNUAL
“
330*75 miles.
last annual report
Add for branch lines constructed in Min¬
up with The
in that shape.
"
1,616*50 miles.
:
STATE, CITY AND CORPORATION FINANCES.
:
360,827
3,339,195
113,120
357,996
3,261,792
545,536
654,999
12.682
495,104
706,567
24,060
$12,286,575
$12,293,293
Inc,
$6,718
2,287,627 Dec.
176,859
98,120
2,464,487
profits
$170,141
$89,534
Inc.
Dec.
Dec.
Dec.
Dec.
Dec.
Inc.
Iuc.
2.830
77,402
15,000
qe:
50,432
51,567
1J ,377
Compared with the previous year, there was a decrease in
earnings of $125,982, or 3 74-100 per cent; a decrease
Net income
$2,287,627 in
freight
earnings of $116,800, or 1 09-100 per cent, and an
Which sum is equal to seven per cent earned on the preferred increase in the
aggregate of other earnings of $72,642, or
stock, and five and twenty-one one-hundredths per cent on 11 53-100 per cent; making a total decrease in gross earnings of
the common stock.
$170,141, or 1 15-100 per cent.
Dividends were declared out of the year’s profits as follows :
In operating expenses there was an increase of $89,534, or
3*2 per cent on the preferred stock, Dec. 5,1878, pay¬
1 23-100 per cent; a decrease in fixed charges and other items of
able Dec. 28,1878, amounting to
$753,284
$82,815, or 1 65-100 per cent; making an aggregate decrease of
13* per cent ou the preferred stock, Feb. 9, 1879,
$6,718, or 5-100 per cent; the decrease in net earnings amounted
payable March 24,1879, amounting to
376,642
13* per cent on the preferred stock, June 3,1879, pay¬
to $176,859, as shown in the foregoing statement.
able June
4,585,644
98,120
passenger
28, 1879, .amounting to
376,642
2 per cent on the common stock, June
able June 28, 1879, amounting to
Total dividends declared from the
3,1879,
PASSENGERS.
pay¬
299,650
year’s earnings
$1,806,218
$481,409
Balance of net earnings
At the close of the previous fiscal year
remained
a
(May 31, 1878,) there
surplus of $608,453, after paying 7 per cent on the
Ereferred,
the common
stock,aasdividend
shown in the
ist annual
andreport*
3 per cent
this surplus
and on
from
was
declared
on
the
common
stock of 2 per cent on the 5th of
December, 1878, payable December 28,1878, which amounted to
$299,650. The remainder of this surplus, amounting to $208,803,
forms a portion of the income balance shown in the general
accounts of the
company.
The number of passengers carried was 3,328,427, being 87,986
less than in the preceding year, a decrease of 2 58-100 per cent;
the average rate received was 97 26-100 cents each, against
98 54-100 each for the previous year*, a reduction of 1 20-100
per
cent.
The entire passenger movement was equal to 116,068,482 pas¬
sengers carried one mile, a decrease of 2 36-100 per cent from
the previous year; the rate received per passenger per mile
averaged 2 79-100 cents, a decrease of 1 41-100 per cent.
FREIGHT.
4,265,937
3,911,261
The total number of tons carried during the year was
The number of tons carried in preceding year was
The aggregate of dividends dis¬
Increase
tributed to the stockholders amounted to 7 per cent on the
:
354,676
-
cent. The average rate received
per cent on the common, stock, leaving the
$481,409 from the profits of the fiscal year $2 49-100, against $2 75-100 in the preceding year,
of 9 45-100 per cent.
just closed.
The gross earnings of the Chicago & Northwestern Railway The number of tons carried one mile was
|
and leased roads, exclusive of proprietary lines, were as follows: The number in preceding year
preferred, and 4
9 07-100 per
—or
above balance of
From passengers
From freight
Fromexprese
$2,844,062
Increase of tons carried one mile
9,924,030
254,653
261,694
136,165
*
From mails
From miscellaneous
313,868— 6,G03,794
$0,816,811
exchange..
Net.
Deduct int. ou bonds and prem. on gold coupons
Rent of Chicago I«wa & Nebraska Railroad
Rent of Cedar Rapids & Mo. River Railroad
Rent of Maple River Railroad
Sinking funds
21,012
$6 837 823
.
$2,318,458
495,104
706,567
24,060
83,120- 3,627,310
Net income—
$3,210,513
PROPRIETARY ROADS.
Gross earnings—
Winona & St. Peter Railroad and branches
Northwestern Union Railway
Iowa Midland Railway
$807,410
bonds aud
gold premium
961,346
15,000-
2,083,201
Combined net profits
$2,287,627
The net sum of $4,342,772 remains to the credit of income on
the 31st of May, 1879, after deducting the dividends on common
and preferred stocks declared June 3, 1879.
MILES OPERATED.
The several branch lines in Minnesota, referred to in the last
annual report, have been completed and put in operation in
connection with the Winona & St. Peter Railroad during the
year, making, together with a short extension in Illinois, 75*89
miles of new railroad completed in the year.
The total mileage is divided as follows
be noted in reporting the freight traffic that while the
earnings from this source fell on $116,800, there was an
increase of 354,676 tons transported during the year, and the
movement per ton per mile was increased by nearly one-tenth
over that of the previous year.
gross
STOCK
AND BONDS.
The amount of $500,000 of preferred stock may be issued at
the pleasure of the company for stock of the La Crosse Tremp.
& Prescott Railroad Company, received at its consolidation on
the 6th of June, 1877, and representing the balance of cost Of
that property,
On the 1st of July, 1878, $114,500 of bonds, known as Elgin
& State Line Railroad Bonds, issued by the old Galena &
Chicago Union Railroad Company, fell due and were paid. A
like amount of consolidated sinking fund bonds, maturing in
1915, were thereupon issued.
$4,370,829
Consolidated sinking fund bonds were also issued on advan¬
$1,059,727
tageous
terms to the company in substitution for the following44,127
Sinking fund account
.
cent.
It may
74,453— 1,160,315
Less for—
on
58,109,718
278,451
Operating expenses
Taxes
Interest
623,768,593
per cent..
per ton per mile was 1 56-100 cents, against
1 72-100 cents in the previous year, a decrease of 9 30-100 per
(468710(> per cent). $0,289,925
Add amount received, balance of interest and
681,878,311
—equal to 9 32-100
The average rate
$13,420,605
Tbe operating expenses were
Taxes
—
per ton was
a decrease
:
described bonds retired and canceled, viz.: for $241,900 pre¬
ferred sinking fund bonds, due in 1885 ; for $55,500 Green Bay
Extension Bonds, due in 1885 ; for $32,200 funded coupon bonds,
due in 1883 ; for $37,400 general first mortgage bonds, due in
for $22,000 Galena and Chicago Union First .Mortgage
Bonds, due in 1882; and for $2,000 Beloit & Madison bonds,
due in 1888, making a total of $505,000 paid off, retired and
1885 ;
canceled during the year, and the same amount of consoli¬
dated sinking fund, bonds issued in lieu thereof.
Besides the annual amount of $23,000 of Winona & St.
Peter Extension gold bonds paid into the sinking fund, there
have been purchased $62,00 > of this issue from the proceeds of
land-grant lands sold by that company, and the bonds can¬
celed.
*
THE CHRONICLE
1879. J
Augxj&t 16,
Materials and fuel on hand
from express companies
from United States Government
from Station agents, earnings and collections
lines in Minnesota, the
several railway companies organized for that purpose issued
their first mortgage bonds, which were taken by this company
and endorsed and sold in amounts as follows :
Minnesota Valley Railway Company, 25 miles: First mort¬
Fop the construction of the branch
gage
bonds, original issue, $200,000.
mortgage bonds, amount issued, endorsed and sold, $200,000,
being at the rate of $8,000 per mile.
Plainview Railroad Company, 16 miles:
First mortgage
bonds, amount issued, endorsed and sold, $100,000, being at the
rate of about $6,250 per mile.
from
$78,686,080^
Cr.
Common stock and scrip
Less amount owned by Company..
120,958
$14,988,097
$21,702,844
Tremp’leau & Prescott R. R. Co..
500,000
$22,202,844
Less for stock to be issued, and stock
and scrip owned by company.....
21,525,522
bonds.$31,406,000
Chicago & Milwaukee Railway bonds
Live bonds in
1,700,000
Sinking Fund—
$47,000
40,000
Madison extension gold bonds
Menominee extension gold bonds
Sinking Funds paid—
On Madison extension gold bonds
On Menominee extension gdld bonds
On general consolidated gold bonds
$47,000
40,000
530,500
General consolidated gold bonds unsold
Real estate time payments, mostly due in 1880
Balance due leased roads in Iowa
Cui rent bills, pay-rolls and accounts
Coupons, old dividends, &c., including coupons
TRACK.
part of the company’s property has improvement been
marked than in the condition of its roadway, track and
no
017,500
777,500
223,750
252,597*
dae June 1,
1,151,563
936,884
1879
Common and
principal bridge structures, and to this improvement the opera¬
tions of last year have contributed in larger measure than ever
before. 22,692 1160-2240 tons of new steel rails were laid in the
track, against 15,556 1640-2240 tons the preceding year, an
increase of 45 87-100 per cent, and the entire cost of the rails
was charged to operating expenses.
This gave an addition
3581-5280 miles of steel in main and
677,321
Chic. &N. W. Railway Co., various issues
traffic.
240
$15,109,055
Add preferred s^ock to be issued
for consolidation with La Crosse
equipment at the date of the last annual report
consisted of 369 locomotive engines and 9,642 cars of all descrip¬
tions; to this has been added eight locomotives of the first
class, built in the company’s shops, and 712 cars of different
sorts, to wit: ten first-class passenger cars, one parlor car, four
hundred box freight cars, one hundred and fifty platform cars,
one hundred and fifty live-stock cars, and one pile driver car, at
a cost for new equipment, for the year, of $412,941.
A further
increase is demanded by the growth of business, especially on
the newer portions of tne lines in Minnesota and Dakota, and
for the iron ore transportation on the Peninsula; provision has
been made to meet these wants in season for the heavy Fall
of
193,975
44,398
1,417,512
Bills receivable
Cash
Preferred stock and scrip
The total
more
595,362
suudry compimies and individuals
EQUIPMENT.
In
$778,213
7,714
76,094
.
Due
Due
Due
Due
Amount canceled, $50,000;
amount endorsed and sold, $150,0J0, equal to $6,000 per mile.
Rochester & Northern Minnesota Railway, 25 miles: First
169
preferred dividends, payable June 28, 1879..
Income account—Balance May 31, 1879
676,292
4,342,772
$78,686,080
GENERAL
side tracks,
against 164 5257-5280 miles laid the previous year, an increase
cent. The difference in cost of track renewals
between iron and steel, heretofore charged to construction,
amounted during the last year to the sum of $363,554,
increasing the operating expenses by that amount.
At the close of the fiscal year the company had a total of
991 73-100 miles of steel track, of which 956 41-100 miles had
been laid on the Chicago & Northwestern Railway proper, and
35 32-100 miles on proprietary lines.
,
INVESTMENT NE WS.
Coal Trade.—At the auction sale of the Delaware & Hudson
Canal on Wednesday there was a large attendance, but the*
bidding was not animated. Grate coal sold at $2. Egg coal at
$2 12% per ton. Stove coal at $2 32%. The total average of
the sale was $2 19% per ton, against $2 55%, the average
received at the last sale of the Delaware Lackawanna & West¬
ern Railroad Company; $2 23%, the average received at the
April sale of the latter company, and $2 25%, the average
obtained at the sale of the Delaware & Hudson Canal Company-
of 45 87-100 per
on
REPORT OF THE LAND COMMISSIONER.
April 9.
table shows the prices received at the sale this
Following the practice which has uniformly obtained in this week, compared with those obtained at the auction sale of the
office, all lands are treated as “ on hand ” until the title has Delaware Lackawanna & Western Railroad Company in July,
passed out of the company by deed of conveyance.
and at the last auction sale of the Delaware & Hudson Canal
LANDS ON HAND AND AT THE DISPOSAL OF THE COMPANY.
Company on April 9.
Total of out-
Lands not
deeded or
uncouveyed.
standing
contractu,
Acres.
Acres.
contracted
to be sold.
Deeded
Name of
On hand
grant.
May 31, ’78.
during the
year,
Acres.
Acres.
Remaining
Tons.
613,998-30 11,827-62
002,170-08
21,24838
Average price
Average price
at Aug. 13 sale.
at July 30 sale.
$2 06*4
2 09%
2 45
2 74^
2 12Lj
2 32^
2 48%
2 SOIF
chestnut
580,922*30
Av. price Apr'
9, D.&H. safe*
$2 30
$2 00
12,500 grate
12,500 egg
25,000 stove
Acres.
8,75292 1,142,559-40 107,501-58 1,035,057*88
MJnn.... 1,151.312*38
Mich....
Menomi& nee riy.
The following
2 271*
Exchange of August 14 says: “The following
* 94,210 18
480 00
93,730 18
93,73018 { table shows the total averages received at the auction sales oF
Wis
354,529*02
416-70
354,112-92 the Delaware Lackawanna & Western Railroad Company daring
358,19206 3,602*44
the first seven months of 1878, as compared with the total
Total....2,217,71892 24,722*98 2,192,995*94 129,106-66 2,003,829 28
In the report of last year, the number of acres “on hand” averages obtained at the company’s sales during the same
months of this year:
<
The American
belonging to the land grant located in Minnesota and Dakota,
stated at 1,158,901*15 instead of 1,151,312*38 acres, as given
above.
The difference was occasioned by including lands
located east of range 39, the title to which was then and is
still in controversy. There is also a slight change in the report
of the Menominee River Railroad grant; when last year’s
statement was made, the official diagrams of these lands had
not been received, and the acreage was computed as closely as
was
was
possible.
sales during fiscal year.
Bold
or
contracted
Av. price
per uere.
to be sold
Name of
during the year.
grant.
Minnesota
51,704 73
Michigan
18,378 34
Menominee river
Wisoonsin
Totals..'
STATEMENT OF
Consideration.
$201,872
58,565
480*00
1,380
2,823-34
8,043
73,386-41
$269,860
GENERAL ACCOUNT, MAY
$3 90
3 19
2 87L2
2 85
$3 07
31, 1879.
-1878.
1879.
$3 32
$2 50
3 47
2 3u
January
February
3 23
March
cars,
May 31,1879.....
Trustees of Sinking Funds—
Farmeis’ Loan and Trust Company, Trustee..
Union Trust Company
;
412,941
-
chase, &c. (deducting land moneys)
Rail! oad bonds
Town bonds
Capital stock of Winona & St. Peter Railroad
i General Consolidated gold bonds on baud
Advances account laud grants
2 39%
2 5*1
2 19%
Eire
8U>ve
June.
$2 45
2 20
2 45
-
Chestnut....
$72,373,028
Circular prices.
May.
$2 20
Lump and grate...
2 25
2 55
2 50
2 50
2 80
2 05
.
July.
$2 55
2
2
2
2
Penn.
circular Auction Co.’s
new
of D.&H. average, circular.
55
60
90
75
$2 25
2
2
2
2
25
30
55
50
.
.
2 00
2 12^
2 32^
....
$2 10
2
2
2
2
10
lO
35
50
Indiana Central.—In regard to the;
bonds of this company, and the recent decision
the Philadelphia Ledger has some extended
which will be found of interest to bondholders. The
Columbus Chicago &
suit affecting the
of Judge Harlan,
530,500
Balance due from proprietary roads, for construction, pur¬
Assets—
3 59
Pennsylvania Company, as compared with the circular prices of
the principal companies in May, June and July, the last circu¬
lar of the Delaware & Hudson Canal Company and the average;
prices received at yesterday’s auction sale:
Steamer
$87,000
^
Proprietary Railroads
3 59
July
August, D. & H
Last
Cost of road and equipment—
Balance to debit of this account, May 31, *78.$71,038,234
Add cost of Menominee River Railroad
402,500
Add cost of Stauwood & Tipton Railway
157,488
Add cost of stock of Northwestern Union R’y.
0,055
Add construction, year ending May 31, 1879.
355.209
engines and
Juue
Com
,
new
1879.
$2 23%
3 49
2 23^
April,..
“The Pennsylvania
msyivama Coal
coat company yesterday afternoon issued
its price list, fixing
ixing the rate on lump, steamer and_ grate coal at
$2 10 per ton; on stove coal at $2 35 per ton; and on chestnut
coal at §2 20 per ton. These prices are from 5 to 10 cents per
ton lower than the company’s last circular, which was from 35
to 45 cents per ton lower on the different grades than the July"
circulars of the other coal companies. It is said that the new
circular of the Delaware & Hudson Canal Company will not be
issued immediately, as the company desires to wait and see
what the actual prices of coal will settle at.”
“
The following table shows the new circular prices of the
Dr.
Add
2 4614
1878.
$3 59
May
617,500 remarks,
Ledger says:
1,513,923
2,100
160,000
100,000
777,500
28,155
“
The counsel of the P. C. & St. L. Railway
Railroad Company contended that the C. C.
Co. and the Pennsylvania
& I. C. Railway Company
required to satisfy all the sectional mortgages covering different
portions of the road by converting the bonds secured by these mortgages,
mto the bonds of the first consolidated mortgage upon the whole road
lor $15,000,000, aud leaving standing of tne sectional bonds only
& 821,000,—a second mortgage uoon the Columbus & Indiar.v?olis Central
was
THE CHRONICLE
170
Kail way,
which was specifically named; and they also
contended that
The counsel for the
covenant would be
complied with if they reduced the indebtedness to $15,821,000, either
by converting the sectional mortgage bonds into the $15,000,000 consol¬
idated mortgage bonds, and all other indebtedness into the $10,000,000
income bonds, or by reducing the sectional mortgages to seven per cent
bonds, and letting them remain as liens upon the several parts of the
road to such an amount that, added to the outstanding bonds of the
consolidated mortgage, the two would make, with the $821,000 mort¬
gage, the total of $15,821,000; and they contended that, as the lease
was held to be valid, they were entitled to a decree immediately for the
payment of the arrearages of rental, with interest thereon. These ques¬
tions were fully discussed at Chicago in June last; and Judge Harlan’s
decree, at New York, on the 6th inst., disposes of them by sustaining the
view taken by the counsel of the C. C. & I. C. Railway Company as to
until specific performance no rental should be paid.
C. C. & I. C. Railway Company contended that the
is to be specifically
performed, and decrees that they must in that manner specifically
perform it by the 1st of January, 1880, or that, in default thereof, the
lessee may apply for a cancellation of the lease.
On the other hand, he
BUstains the views taken by the counsel of the P. C. & St. L. Railway
Company and the Pennsylvania Railroad Company as to the rental, and
refuses a decree for the payment of rental until after the C. C. & I. C.
Railway Company shall have complied with its covenant by reducing
the debt, and denies altogether the right of the C. C. & I. C. Railway
the mode in which the covenant for reduction of debt
Company, if they should comply, to recover interest upon the arrearages
of rental, upon the ground that until they shall have complied with the
decree they are not entitled to the rental. The figures used by Judge
Harlan in his decree show that on the first of February, 1875, the excess
of bonds over $15,821,000 which the C. C. & I. C. Railway Company
would be required to retire would be $5,191,724, subject to a reduction
of $1,258,000 for second mortgage bonds held by the Pennsylvania Rail¬
which, if the lessor comply with its covenant, the Penn¬
sylvania Railroad Company would be required to exchange for bonds of
the $10,000,000 income mortgage, leaving still to be removed an excess
of principal of $3,933,724, and the arrears of interest on the whole indebt¬
road Company,
edness.
This last item of interest, upon inquiry, we find is a very
one, as no
large
interest has been paid since the first of January, 1875, upon
the $10,428,000 of the consolidated bonds outstanding, and there are
also some unpaid arrearages of interest upon the sectional mortgage
bonds. The interest on the $10,428,000 of consolidated bonds from 1st
of January, 1875, until this time would of itself, without
it, amount to over $3,000,000. Of the outstanding mortgages, one for
[Vol. xxix;
1876-7.
,
Gross
.
Net
1877-8.
/
Gross
,
1878-9.
,
Net
*
Net
Gross
earnings, earnings, earnings, earnings, earnings, earnings.
July
364,623
August.., 413,894
Sept
492,177
109,566
144,299
216,097
399,901
465,678
518,677
October.
Nov
Dec
225,739
215,285
224,807
542,767
539,982
544,330
518,602
477,6«2
490,651
Total 1st
6 mos..2,757,633
Febr’y..
445,768
432,877
April....
May
361,372
384,941
June...
513,584
January.
March..
419,149
142?746 369?007 112?929
204,977
247,402
428,99L
407,927
237,483
245,077
263,537
455,699
591,370
505,843
169,229
153,848
182,474
298,442
245,277
1,135,795 3,011,337 1,341,225 2,758,839 1,162,200
169,891 494,251 - 205,395 450,476 182,634
168,138
416.030
149.050
98,043
119,250
361,512
390,080
99,034
141,578
307,821
434,919
499,467
160,689
132,472
256,374
430,637
421,578
170,356
143,572
396,082
128,393
425,750
170,163
Est.260,000
....
Total 2d
6
mos..2,557,693 1,004,725 2,596,261 1,003,016
Total, yr.5,315,326
2,140,520 5,607,598 2,344,242
earnings, expenses and net earnings for June,
not yet complete,
The official
1879,
are
Marietta & Cincinnati.—Messrs. John A. Hambleton & Co.
say in their circular of recent date: “ Mr. John King, Jr., VicePresident of the Baltimore & Ohio Railroad and Receiver of the
Marietta & Cincinnati Railroad, gives the following figures for
the year ending June 30th, 1878. Gross earnings, $1,545,783.
Operating expenses, $1,278,803. Net earnings, $266,980. Pay¬
ments, rental of leased lines, $256,303—balance, $10,676. Do
the Marietta & Cincinnati bondholders know where this money
is going ? if not, we will try to show them. The year before the
M. & C. road went into the hands of Mr. John King, Jr., as
the Marietta & Cincinnati road owned the following
compounding Receiver,
securities: Cincinnati & Baltimore Railroad Company’s stock,
$666,000, maturing in 1880, bears ten per cent interest, and, by the $692,350; Baltimore Short Line Railroad Company’s stock,
terms of the decree, the lessor would have to pay or satisfy that mort¬
$1,191,700; Baltimore Short Line Railroad Company’s bonds,
gage in order that all the bonds outstanding should bear seven per cent
interest. There is also a decree amounting to $932,500, with interest
$750,000. In the next annual report of the M. & C. road these
thereon, under the Pollan mortgage, on a part of the road, not securities were conspicuous for their absence.
In the report of
embraced in the foregoing amounts, and for
indemnity to the lessee
against it the Judge intimates he will require the lessor to give security
in addition to complying with the other terms of the decree. Under
the
decree as it now stands it would only be upon satisfying this
of $3,933,724 of principal and the whole accumulated interest
excess
-•
upon
all of
the debt, and indemnifying against the Pullan decree,
that the lessor w ould be entitled to demand the rental. From the yearly
rental there is to be deducted the net earnings of the road, which since
the 1st of January, 1875—about the time these lqgal proceedings com¬
menced—have been paid into court, and, under the order of the court,
have been applied to the payment of interest to the sectional bondhold¬
As the balance of the rental bears no interest under the decree of
the court, the amount to which the C. C. & I. C. Railway Company would
entitle itself after compliance would be less, at this time, than $3,000,000.
There were one or two minor claims as to the use of rolling stock
ers.
to the manner of conducting the business upon the road, upon
which full testimony has not been taken; and for the purpose of getting
the facts upon these subjects before the court, and an accurate state¬
ment of the indebtedness of the C. C. & I. C. Railway Company, these
questions were referred to a master, who is to hear such testimony as
may be offered upon them, and report to the Court by the 20th of
November next. As there have been numerous and contradictory state¬
and
as
ments, we have been at some pains to leam the true state of this ques¬
tion as it is left by the decree made by Judge Harlan, and believe that
the above contains substantially all that is of interest, and will enable
the public to understand the position of this litigation. The importance
of the questions and the magnitude of the interests involved render it
highly probable that any final decree rendered after the 1st of January
next will be appealed from to the Supreme Court of the United States
by one or the other of the parties.”
Davenport & Northwestern.—The terms of sale of this road
Chicago Milwaukee & St. Paul are stated to be as fol¬
lows": The exchange of $1,750,COO Chicago Milwaukee& St.
Paul five per cent bonds for $1,710,000 of Davenport & North¬
to the
The latter
are
worth 35 cents
on
the dollar.
purchasers take the road clear of all liabilities, the old
owners being obliged to settle all standing litigation, amounting
to some $400,000 or $500,000.
,
dence, you know—not worth talking of. Mr. John King, Jr.,
President of the Marietta & Cincinnati Railroad, and his board
of directors, guaranteed the interest on the bonds of the Cin¬
cinnati & Baltimore and Baltimore Short Line Railways at 7
per cent per annum, and on
Baltimore
and Baltimore &
the stock of the Cincinnati &
Short Line
Railways
at
8
per cent per annum. That is where the money goes.
More
than half of the net earnings goes to pay the Baltimore & Ohio
Railroad 7 and 8 per cent per annum on these securities. And
yet Mr. King says the B. & O. road has at no time departed
from its policy of friendship to the M. & C. Road.
Save ns
from our friends. When Messrs. Keiser and Garrett had Mr.
King appointed Receiver of the Marietta & Cincinnati Railroad
they had an order passed by the court, directing him to pay
the interest on these bonds and stocks before the bondholders
should receive anything. How much longer do the Marietta &
Cincinnati bondholders intend to submit to this state of affairs ?”
Missouri Kansas & Texas.—Messrs. Robert C. Martin, James
J. Higginson and Moses Williams, Jr., the purchasing commit¬
tee of the bondholders, have agreed upon a plan of re-organiza¬
tion for this company which is summarized as follows in the
American Exchange: “ It is proposed to organize the successor
under the title of the Kansas Missouri & Texas Rail¬
Company. If a foreclosure of the first consolidated mort¬
gage is necessary, it will be carried out, but if possible the
re-organization of the property will be made by the consent of
all parties in interest. It is said that the prospects for the
District of Columbia.—The new five per cent District of success of the plan are favorable, but the consent of a large
Columbia refunding bonds, all of which have been taken, will interest represented by a syndicate of Dutch bankers will have
not be ready for delivery to the successful bidders before the to be obtained.
One of the members of the re-organization
1st of September, on account of the delay in ordering them at committee is now in Europe.
the Bureau of Engraving and Printing, which has the contract
“It is proposed . to issue $14,752,000 consolidated mortgage
for the work. Owing to a defect in the act under which they bonds of the new company, to bear interest at the rate of 4 per
are issued, the bonds do not state where they are payable.
An cent per annum from February 1, 1880, up to February 1, 1881,
attempt was made to have them made payable at the United and at the rate of 5 per cent thereafter to 1930. These bonds
States Treasury, but the Secretary would not consent to it. are to be exchanged at par for the present 7 per cent consoli¬
This defect in the law, however, it is reported, will not inter¬ dated mortgage bonds. There are also to be issued $2,729,120
fere with the punctual payment of the principal and interest of new bonds, bearing 4 per cent interest per annum, to be
the bonds when due.
exchanged for the over-due interest upon the present consoli¬
dated bonds, amounting to 17per cent and 1 per cent interest
Lake Shore & Michigan Southern.—To the rumors which
the first year upon the new securities. Should
have been afloat, concerning a lease of this road to the New surrendered for
be
there
default
any
in interest upon the new bonds, sixty days
York Central, a quietus was given by the failure even to men¬
after
such
default
it
is provided that the rate of interest shall
tion the subject at the meeting of directors at Saratoga on
be restored from 5 per cent to 7 per cent.
Thursday. The only important business done was in taking
“It is also proposed to issue $7,200,000 income bonds of the
steps toward obtaining control of the Chicago & Canada
Southern Railway at an expense of about $750,000. It is re¬ re-organized company, bearing interest at the rate of 3 per cent
ported that stock and bonds sufficient to control that line have per annum, if earned, and cumulative if not paid. These will
been accumulated by a few persons, and the Lake Shore Com¬ be exchanged at par for the present income bonds. For the
pany proposes to purchase a controlling interest.
The road is coupons of the old income bonds maturing on or before April 1,
about seventy miles in length, extending from the terminus of 1881, new income bonds will be issued in the proportion of $100
the Canada Southern southwest toward Chicago. The New of new for every $300 of the old securities. The stock of the
York Central directors only took measures for building a line new company is fixed at $21,500,000, and is to be issued for old
to connect Erie and Exchange Street Stations in Buffalo.
Only stock, dollar for dollar. The old preferred stock of the Mis¬
routine business was transacted by the Michigan Central souri Kansas & Texas Company is to be received for new income
bonds at
western bonds.
The
.
the Baltimore & Ohio Railroad for the year ending Sept. 30th,
1877, the following securities appear for the first time: Stock of
the Baltimore Short Line Railroad, $1,241,700; bonds of the
Baltimore Short Line Railroad, $750,000; stock of the Cincin¬
nati & Baltimore Railroad,$747,350. Simply a curious coinci¬
directors.
company
way
par.
provided that within two years after the delivery of the
Louisville & Nashville.—We have obtained the following property by the Union Trust Company to the Missouri Kansas
official statement of monthly earnings, gross and net, for the & Texas Company or its successor, an extension of road shall be
built or acquired of at least fifty miles into Texas in a southpast three years:
“It is
August
grain elevator
various pointa
along the road new stations are also being built. About fifteen
a
Sherman, and within three
years an extension of fifty miles from Denison in a southeasterly
or easterly direction, an additional fifty miles in one of the two
extensions also to be acquired within the three years. Finally,
the plan stipulates that it must receive the assent of holders of
at least $10,000,000 consolidated mortgage bonds and $2,000,000
income bonds within three months from July 28, 1879, in order
westerly direction from Denison or
miles of second track have been
St. Lonis & San
September 10, at Pittsburg, Pa. The road is some forty
long, and extends from New Castle, Lawrence County,
Pa., to Stoneboro, in Mercer County, same State.
New Hampshire.—Much interest has been shown in the sub¬
ject of remedies against defaulting States. The following is a
copy of an act to protect citizens of New Hampshire, holders of
defaulted State bonds:
An act to protect the rights of citizens of this State holding claims
against other States. Be it enacted, by the Senate and House of
Representatives in general court convened:
Section 1. Whenever any citizen of this State shall be the owner of any
claim against any of the United States of America, arising upon a written
obligation to pay money issued by such State, which obligation shall be
past due and unpaid, such citizen so holding such claim may assign the
same to the State of New Hampshire, and deposit the assignment thereof,
duly executed and acknowledged in the form and manner provided for
the execution aud acknowledgment of deeds of real estate, by the laws
of this State, together with all the evidence necessary to substantiate
miles
Income account:
$2,352,998
Total
London:
1878.
earnings
Working expenses
Gross
$1,172,960
919,481
$253,479
Balance credit income
and other expenses
Surplus
1879.
.
an
decrease of $137,984.
—The Tribune, referring to certain improvements in progress
on the line of this company, says that in February last the
company began work on improvements in Jersey City which,
a
terminal facilities of
when completed, will add greatly to the
the road in that place. On Pavonia avenue,
adjoining the pas¬
ship basin 200 feet wide and extending inland
1,500 feet is being constructed. The depth of the water will be
23 feet, sufficient to float the largest sea-going ships.
On one
side of the basin a grain elevator with a capacity of 1,500,000
bushels is to be built, together with a dock for the accommoda¬
tion of vessels. On the other side a dock is being constructed
which will provide berths for two steamers. Upon this dock, also,
sheds are to be put up for the reception and delivery of goods.
The company has in contemplation, also, the erection in the
same locality of a series of warehouses, six stories in height, to
be used as places of storage and for handling domestic produce
on its way to foreign ports or imported goods discharged from
arriving vessels and destined for points in the interior. The
d* 3ks are already completed, the piles have been driven for the
foundation of the elevator, and the greater portion of the
material to be used in its construction is already on the ground.
At the west end of the Bergen tunnel the company is also
erecting an engine-house which, when completed, will accom¬
modate forty-four locomotives. It is designed, however, to
advance this work during the current year only so far as may
be necessary to place twenty-nine locomotives under cover by
the 1st of Januaiy. After that date the work will be pursued
to completion as the needs for further accommodations may
demand. Addiiional tiacks have also been laid in the Bergen
yard to provide for the storage of freight cars. It is the inten¬
tion of the management, as soon as the engine-house is comple¬
ted, to stop all freight trains on the other side of the Bergen
senger
station,
a
cars will be assorted and dispatched to the
portions of the yard at Jersey City for which they are
destined. The walls of the new engine house are being rapidly
put up.
In addition to the above improvements at this end of the line,
tunnel where the
various
’
interest, taxes, insurance
$955,464
850,08 3
$105,380
cent, in gross revenue is shown.
foresight,” the report says, “could not have avoided
this, it being occasioned by the yellow fever excitement and the
rigid quarantine regulations in Texas and adjoining States,
which caused a suspension for a time of nearly all business on
the road.” The loss on freights was on through business and
on shipments of lumber and live stock.
The report goes on to say that there was not a single case of
yellow fever in the State of Texas last year, but that emigra¬
tion was as effectually stopped as though it had been epidemic
through the entire State. The percentage of working expenses
to earnings was 65 42-100 per cent, against 62 13-100 per cent
the previous year.
Trunk Line Freights.—The Joint Executive Committee of
the Trunk lines, in session at Saratoga, are said to have agreed
“ To discontinue hereafter
upon the following proposition:
the practice of contracting for any special or given lots, blocks
or quantities of freight at tariff rates, or less than tariff rates,
to the seaboard, on home or foreign business, and to give ten
days’ previous notice of any increase in the tariff.” A further
advance of 5 cents in the rates on East-bound freight has been
made by the executive committee of the trunk lines, to go into
effect August 25. The present rates went into effect on August
4, being an advance of five cents per 100 pounds over those
established at the Niagara Falls meeting early in June. The
present rates are twenty-five cents on grain and thirty cents on
flour per 100 pounds from Chicago.
'
—The Chicago Tribune comments on the advancing rates as
follows : “ The Eastern trunk lines mean to make up now for
the losses they incurred on the freight business during the last
winter and the early part ot the summer.
During the past two
months the rates to the East have been advanced three times,
and they are now higher than they have been at this season of
the year for some years past. When the last advance was made,
on the 4tli of August, it was thought that no further advance
would or could be made until the close of navigation ; but it
seems that the avaricious trunk-line managers mean to pile it
on as thick as possible as long as the shippers will stand it.
Already it is stated that the trunk-line managers are consider¬
ing the advisability of making a still further advance of five
cents, which would make the rates on grain from Chicago to
New York 30 cents per 100 pounds, and on fourth-class freights
35 cents.
And when it is announced that the trunk-line man¬
agers consider the advisability of making an advance it may be
considered certain that an advance will speedily follow. Of
course, the roads leading east from Chicago severely suffer from
these high rates, as they have to compete against the lake; but
the trunk-line managers care nothing for this, as they get the
lake business any way at Buffalo, and other points on Lake
Erie, and the higher rates they get from these points east and
on the business received from interior roads more than compen¬
sate for the loss incurred by their Chicago connections.”
Wabash Extension.—A dispatch to the Cincinnati Commer¬
cial says that the Wabash Directors received a cablegram from
London to the effect that Sir Henry Tyler, President of the
Grand Trunk, had been asked if his road would guarantee its
share of the bonds for a new line from Toledo to Detroit, and
had answered that the^ Canadian law forbids roads of the
Dominion from guaranteeing the bonds of a foreign road. The
Wabash Directors then passed resolutions that the new road
should be built forthwith. Jay Gould, on being telegraphed
to, answered by saying that he would advance one-thira of the
money.
Cyrus W. Field, President, and Russell Sage, Director
of the Wabash, announced their willingness to contribute each,
one-third, and Mr. Joy was directed to take charge of the con¬
struction of the road, which will be a separate and independent
line. Mr. Joy added that he should commence work on the new
road this fall, and expected to have it completed within 90 days*
“
$1,350,573
1,064,486
$285,787
increase in net earnings for the month of $32,307.
net earnings of the first eight months of the present finan¬
year, compared with those of the same period last year,
1,397,513
working expenses
Against which there is charged for
Approved July 18, 1879.
New York Lake Erie & Western.—The following compara¬
tive statement of earnings and working expenses for the month
of May 1878 and 1879 is published in
The
cial
show
$216,834
2,136,143
Attorney-General of the,State.
deposit being made, it shall be the duty
that time paid by the assignor.
Sec. 5. This act shall take effect on its passage.
Net earnings
Francisco.—In the report of this company
Balance, June 1,1878
Receipts for tke year
of the Attor¬
ney-General to examine such claim and the evidence thereof, and if, in
bis opinion, there is a valid claim which shall be just and equitable to
enforce, vested by such assignment in the State of New Hampshire, he
(the Attorney-General) shall, upon the assignor of such claim depositing
with him sucn sum as he, the said Attorney-General, shall deem necessary
to cover the expenses and disbursements incident to, or whioh may
become incident to, the collection of said claim, bring such suits, actions
or proceedings in the name of the State of New Hampshire, in the
Supreme Court of the United States, as he, the said Attorney-General,
shall deem necessary for the recovery of the money due upon such
claim; and it shall be the duty of the said Attorney-General to prosecute
such action or actions to final judgment, and to take such other steps as
may be necessary after judgment for the collection of said claim, and to
cairy such judgment into effect, or, with the consent of the assignor, to
compromise, adjust and settle said claim before or after judgment.
Sec. 3. Nothing in this act shall authorize the expenditure of any
money belonging to this State, but the expenses of said proceedings shall
be paid by the assignor of such claim; and the assignor of such claim
may associate with the Attorney-General in the prosecution thereof, in
the name of the State of New Hampshire, such other counsel as the said
assignor may doem necessary, but the State shall not be liable for the
fees of such counsel or any part thereof.
Sec. 4. The attorney-general shall keep all moneys collected upon suoh
claim, or by reason of any compromise of any such claim, separate and
apart from any other moneys of this State which may be in his hands,
and shall deposit the same to his own credit, as special trustee under
this act, in such bank or banks as he shall select; and the said AttorneyGeneral shall pay to the assignor of such claims all such sums of money
as may be recovered by him in compromise or settlement of such claims,
deducting therefrom all expenses incurred by said Attorney not before
showing
will be laid
published last week in the Chronicle, the condensed balance
sheet was made up without including in the bonded debt the
$7,144,500 of South Pacific first mortgage bonds, which consti¬
tute a first lien on the property.
The total bonded debt should
therefore be stated at $12,436,500 instead of $5,292,000, and the
item left out is by far the most important part.
Texas & Pacific.—At a meeting of the stockholders in Phila¬
delphia, the directors were authorized to issue bonds on the
proposed line from Fort Worth west, not to exceed $20,000 per
mile, the same to be secured by mortgage. The proposed
bonds will be issued for about twelve hundred miles of road,
and it is expected will be sufficient to allow of building from
Fort Worth to the Rio Grande. The report submitted by the
directors was approved. It showed as follows :
Number of miles operated during the year, 443 86-100.
Length of main track and sidings at close of the year, 484 56-100.
ers,
such claim, with the
Sec. 2. Upon such
opened thus far during the
present year, and it is believed that as much more
before work is stopped by the cold weather.
New Castle & Franklin.—This Pennsylvania road is adver¬
tised to be sold by the trustees of the first mortgage bondhold¬
-
set of engine-houses and machine shops and a
in course of construction at Buffalo, and at
are
effective.,,
to be
171
THE CHRONICLE
16,1879.]
A loss
Human
of 8 37-100 !'per
"H’V-
THE
172
CHRONICLE
O O T T O N.
1£\xz Commercial
jinxes.
^miMiiuTLAL ^pitomeT
Friday Night,
There is
a
fair average movement
Friday, P. M.f Aug. 1>, 13 "9.
Crop, as indicated by our telegrams
The Movement op the
the South to-night, is given
Aug. 15, 1879.
in general trade ; and the
position is an encouraging one. The yellow fever, in its
epidemic form, is still kept within the limits of Memphis, and
does not, as yet, prove so serious an obstacle to mercantile
activity as last season. Crop accounts have improved, and it is
now reasonably certain that there will be an abundant yield of
our great export staples, except tobacco, perhaps, and of this
crop the prospects have greatly improved.
We have had a
flurry in the money market, but it is believed to be temporary.
Provisions have shown a general improvement, particularly
in the matter of prices.
This is mainly due to speculative
The Western advices at the moment
are
of
a
below. For the week ending
evening (Aug. 15), the total receipts have reached 3,462
bales, against 3,945 bales last week, 2,503 bales the previous
week, and 3,272 bales three weeks since; making the total
receipts since the 1st of September, 1878, 1,143,563 bales, against
4,267,816 bales for the same period of 1877-8, showing an increase
§ince September 1, 1878, of 175,747 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
Torn
whole
efforts.
1
[Vol. XXIX,
character
,his
1879.
Receipts this w’k at
1877.
1878.
1876.
1875.
204
249
57S
352
1,337
Mobile
20.
242
104
219
75
Charleston
16
269
273
276
153
New Orleans
47
53
290
Savannah
81
551
159
614
102
Galveston
2,030
981
178
571
996
195
3
1
Port
Royal, &c
....
....
15
To-day, a slight re-action took place, Indianola, &c—;...
211
942
83
591
Tennessee, &o
1,242
owing to a lull in the speculative interest. Pork sold on the Florida
8
6
7
94
15
421
259
12
spot at $8 90@$9, and for September at $8 85, closing offered at North Carolina
279
344
204
289
2,545
$8 80; October sold at $8 85. Lard sold on the spot at 6c. for Norfolk
5
29
31
271
Point,
City
&o
prime Western; options were fully 5c. per 100 lbs. lower; September sold at 6@5‘97/£c.; October, 6*02^@6c.; December,
4,657
7,390
Total this week
1,733
3,462
1,941
5*85e.; November, 5‘92^c.; seller all the year, 5*80@5*82^c.
Total since Sept. 1. 4,443,563 4,267,816 3,962,663 4,099,984 3,479,219
Refined lard quiet, at 6%c. for continental lots. Bacon was
The exports for the week ending this evening reach a total of
well held, though quiet, at 5c. for long clear, 5%c. for short
5,012 bales, of which 4,852 were to Great Britain, none to
do., and 5%c. for half-and-half. Beef was steady, and in small France, and 160 to rest of the Continent, while the stocks as
sale. Beef hams are very easy, at $18. Butter and cheese made
Below are the
up this evening are now 101,125 bales.
rather quiet, and not very steady. Tallow has been active, at stocks and exports for the week, and also for the corresponding
to sustain this market.
....
....
....
*
...
week of last
In Brazil coffees
much better trade has been
reported,
; fair cargoes well held
at 13/£c.
Stock here on the 13th inst., 84,875 bags. Mild
grades have sold well in a jobbing way at late figures. Rice
has remained firm and in good request.
Molasses is still dull,
And inclined to weakness; Cuba refining, 50-test, nominally 24c.
Refined sugars have latterly been in better demand; crushed,
8%@8%c. Raw grades have also had an improved sale at a
slight shading in figures, but the close is marked by consider¬
able steadiness; fair to good refining Cuba, 6^4@6%c.
and
more
a
steadiness in values is noted
Hhds.
Stock
Boxes.
Aug. 1, 1879
Receipts since Aug. 1, 1879
89,384
29,114
17,278
Sales since
Stock Aug. 13, 1879
43tock Aug. 14, 1878
14,234
92,428
89,447
789
557
In
29,376
14,158
Bags. Mel ado.
672,959
4,513
101
23,788
14,117
682,630
4,614
183,613
2,662
freight room a good business has been reported.
Rates are perhaps not as firm as a week ago, yet a good regular
.and steady tone is uniformly manifested. The offerings of
tonnage are better. Late engagements and charters include :
Provisions to Liverpool, by steam, 40@45s.; cotton, 5-16d.;
grain to London, by steam, 8d.; flour, 2s. 6d.; grain to Cork,
for orders, 6s. 6d. per qr.; do. to East coast of Ireland, 6s.; do.
to the Continent, 6s. 6d., excluding Dutch ports and Rouen ;
do. to Lisbon, 16/£c. per bushel; refined petroleum to Ham¬
burg, 3s. 8d.; do. to Bremen, 3s. 6d.; do. to Antwerp, 3s. 6%d.;
cases to Salonica, 30c.
To-day, berth room was lower and more
active ; charters steady and quiet.
Grain to Liverpool, by
steam, 7/£@8d.; cotton, 3-16@14@5-16d.; cheese, 40s.; grain to
London, by steam, 7M@7}6@8d., inside rate to fill ; grain to
Cork for orders, 6s. 6d.; do. to the Mediterranean, 6s. 3d.; do.
to Bayonne, 7s.; do. to Morlaix, 7s.; naphtha to Bristol, 5s.;
refined petroleum to Antwerp, 3s. 7/£d.
Naval stores have continued quiet, though more interest has
been centred in rosins, particularly the medium and higher
grades for export; common to good strained sold to-day a1;
$1 27/£@$l 30. Spirits turpentine was generally held at 26/£c
In petroleum a somewhat better trade has been reported, anc
refined closed here at 6%c. for early deliveries; the depression
is due to lower creek advices and unfavorable foreign reports.
American and Scotch pig irons have been in demand at late
firm figures. Rails are quiet; the offerings of domestic are
taken for some time to come, and English iron is being
resorted to; 10,000 tons were sold for September to January
shipment, on private terms. Ingot copper sold to the extent of
ocean
100,000 lbs. Lake, at 16>6@16l4c.
The demand for Kentucky tobacco has been less urgent, anc.
late prices are barely sustained.
Sales for the week, 396 hhds.,
of which 258 were for home consumption and 138 for export.
are quoted at 3>i@5^c., and
ment in seed leaf is much reduced.
Lugs
leaf 6@12^c.
The
move¬
Recent rains have much
improved the prospect of the growing crop. Sales for the
week are only 1,240 cases, as follows : 150 cases sundries at 9@
18c.; 490 cases 1878 crop, New England, private terms; 50 cases
1877 crop, New England, 20c.; 450 cases 1878 crop, Wisconsin,
5/£@13e.; and 55 cases 1876 crop, State, private terms. Spanish
tobacco, at slightly easier prices, is fairly active; sale3 are 600
bales Havana at 80c.@$l 05.
season:
EXPORTED TO—
Week
ending
Great
Britain.
Aug. 15.
N. Orl’ns
Conti¬
France.
nent.
Total
this
Week.
STOCK.
Same
Week
1878.
1879.
370
....
....
....
....
m
m m,m
....
....
....
....
Charl’t’n
•
m
....
....
....
....
Savan’h.
....
....
•
•••
....
m
....
....
....
....
....
Mobile..
Galv’t’n-
m
•
4,634
N. York.
Norfolk-
....
218
Other*..
160
....
....
....
....
....
4,794
....
218
1878.
1,028
2,403
845
-
85 \
669
426
524
1,434
5,533
78,076
1,124
13,000
41,331
5,832 101,125
56,310
m
m
m
5,106
....
356
666
291
10,000
Tot. this
4,852
week..
160
....
5,012
Tot.since
Sept. 1. 2068,891 414,077 919,338 3402,309 3326,734
••mmmrn
♦
The exports this week under the head of “ other ports” include, from Bal¬
timore, 200 bales to Liverpool; from Boston, 18 bales to Liverpool.
toregoing statement it will be seen that, compared
corresponding week of last season, there is a decrease
in the exports this week of 820 bales, while the stocks to-night
are 44,815 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
From the
with the
Lambert, 60 Beaver street:
On
Aug. 15, at—
Liver¬
pool.
Mobile
Charleston
8avauuah
Galveston
New York..Other ports
Other
Foreign
The
following is
Ports.
N.Orlns 1173,378 1370,703
Mobile. 362,174 413,173
Char’n*
Florida
514,551
705,966
565,788
147,661
56,436
N. Car.
135,151
Sav’h..
Galv.*.
ST. York
Norf’k*
Other..
559,827
219,169
This yr. 4440,101
Last- ve ar
...
459,528
598,519
446,936
143,931
14,312
144,101
509,071
162,835
1,334
500
13,624
5,727
360
12,172
88,953
None.
1877.
845
10
100
None.
250
None.
None.
75
for foreign ports, the
usual table showing the movement of
ports from Sept. 1 to Aug. 8, the
1878.
1,028
None.
None.
2,750
RECEIPTS SINCE
SEPT. 1.
None.
5,533
66,514
250
our
Stock.
*11,562
None.
*
Included in this amount there are 3,335 bales at presses
destination of which we cannot learn.
cotton at all the
Total.
5,727
None.*
None.
2,500
Leaving
Coast¬
wise.
None.
None.
10
100
None.
None.
Nono.
None.
None.
Total
France.
None.
None.
None.
None.
None.
None.
None.
None.
None.
New Orleans
Shipboard, not cleared—for
latest mail dates;
EXPORTED SINCE SEPT.
Great
Britain.
France.
Other
Foreign
1 TO—
Stock.
Total.
676,859 218,499 347,326 1242,684
57,954 35,583 29,677 123,214
150,410 57,140 176,143 383,693
205,463 23,646 232,677 461,786
224,653 59,478 64,010 348,141
269 572 14,505 27,053 311,130
135
is,ass¬
13,756
1,967
es,111
44,472
2,050 18,589
713
193,829
5,098 199,640
496 18,470 246,040
227,074
2064,042
2,522
1,056
82
1,334
3,256
80,647
146
1,682
13,800
414,077^919,178 3397,297 104,575
1263.159 2141,605 497.743 681 554 3320
902'
65 337
Under the head of Charleston is included Port Royal, Ac.: under the head of
Galveston is included Indianola, Ac.; under the head of Norfolk is included City
*
Point, Ac.
0
2
.
1
0
3
.
2
003
2.6
THE CHRONICLE
16, 1879.1
August
the spot
the past week has been
variable and only moderately active. There was an advance of
l-16c. on Saturday, Wednesday and Thursday, and a decline of
l-16c. on Monday and Tuesday.
Statements have appeared show¬
ing that the stocks of cotton in this market, unsold, are much
The market for cotton
on
smaller than the official statements would lead one to suppose,
and the receipts at the ports are still without important increase.
Biles.
Cts.
10*03
10 04
700
1,*00
4,000
5,500
173
Bales.
Cts. ! Bales.
300
600
10-24
300
1,400
700
10-05
10-06
54,700
1007
700
600
10 08
1009
300
1011
1,500
10 12
10 13
For
200
200
100
700
10 10
Bales.
Cts.
10 26
10*27
1« 28
10-23
500
10-29
500
10-30
3,200
For March.
10-25
600
100
600
200
500
300
600
500
January.
10 05
10-07
10-0S
10-10
12/700
For
500
Cts.
10-40
400
February.
10-13
10-28
...10-30
10-31
10-33
10-34
100
10-11
10-J4
1,000
10-41
Liverpool advices were better on Saturday and Monday and again 2.800
10-14
500
1012
200
10-20
10*42
on
Thursday. To-day there was a further advance of l-16c.,
300
10-15
10 13
200
1"-21
1,700
10-45
with a brisk export, middling uplands closing at ll£c. For future
100.
2,700
10-16
100
10-14
10-22
400...
10 47
200
3,100
10-17
10-16
700
900
10*48
10-21
delivery there was an advance on Saturday last; but the reports 2,900
10-18
100
10-28
100
1,200
10-20
10-40
2.700
1019
300
10-21
of the Sou'hern Exchanges for July, together with the cessation
100
10-29
1,500
10-50
3.500
..10 20
200
2,200
10-32
10-23
500
10-51
of excessive rains in Georgia, Alabama and Mississippi, and the
3,200
10-21
500
10*34
1,400
10-24
10
100
1,100.
22
fall of needed rains in Texas, caused, on Monday, a decided
2,100
10*5
10-36
8.500
re-action.
Tuesday was irregular, the early months feeling the
The following exchange has been made during the week:
depression of cotton in store, but the later months advancing.
1*01 pd. to exch. 1,000 Dec. for Sept.
Wednesday witnessed a smart and uniform advance, and Thurs¬
The following will show the
range of prices paid for futures,
day some further improvement, favored by strong foreign advices and the
closing bid and asked, at 3 o’clock P. M., on each day in
and rumors concerning the character of the forthcoming Bureau the
past week.
report, the weather continuing excellent for the growing crop.
To-day the opening was weak, followed by some advance, the Futures
Saturday.
Monday.,
Tuesday.
Bureau report confirming the rumors of its unfavorable char¬
Market.'
Lower.
Higher.
Irregular.
acter, though being less unfavorable than anticipated, and finally
009712.52869.43
the later months declined.
The total sales for forward delivery for the week are 471,600
bales, including — free on board. For immediate delivery the
total sales foot up this week 6,295 bales, including 2,700 for export,
3,595 for consumption, — for speculation, and — in transit. Of
the above, — bales were to arrive.
The following tables show
the official quotations and sales for each day of the past week:
UPLANDS.
Aug. 9 to
Aug. 15.
Sat.
NEW ORLEANS.
Moil Tnes
9%
10*8
10%
10%
107g
Ordin’y.$lb
..
Wed
Th.
9%
Strict Orq. 10ll6 10%
Good Ord.. 10716 10%
Str. G’d Ord lOiiie 10%
Low Midd’g 1013l6 1078
Str.L’wMid ll
like
Ordin’y.$H>
9U16
Middling...!
113x6
Good Mid..'
Str. G’d Mid
Fri.
91316
10316
10%6
101316
1015x6
11%
11%
11%
fill?. 11% i%
Midd’g Fair 12% 12716 12%
Fair
13
13k6
13%
$ lb.
10%
1078
11
10%
11
like
11%
like
}1®16
10%
10%
1078
Mon. Tnes
978
91316
10316
10916
101316
101516
10%
iloie 11%
11316
11%
119,6 11%
1178
1113x6 11%
I29xc 12%
127X6
13316 13%
13ks
Wed
11%
ll16 11%
11%
119,6
1178
1113x6
12»16 12%
13316 13%
Fri.
Th.
Wed
Til.
913i6 978
91516 913xe 978
10316 10% 105,6 10316 10%
10916 10% lOllie 109,6 10%
I01316 1078 101»i6 101*16 1078
101516 11
like 101516 11
11%
11%
113i6 11%
11316
11%
115x6 11%’ 11%
like
11%
like 11% Hike
Hike 117e
1178
1115x6
12%
129x6 12% 1 12% 12916
1 13%
13%
13316
915x6
10%
1078
133,6
Mon Tnes Wed
Bat.. At
adv.; firm.
Mon Quiet at k6 dec..
Tues .'Steady at fie dec
Wed J Steady at ks adv
.
! Con-
port.j
1
----I
Thurs Qu.,firm; ad. 1L16Fri. -IFiri
^irm; adv. of ks-
600
900
100)
1,372
1,100|
424
Total
2.7001
3.595
_
605
420
1 Bales.
For August.
Cts.
200s.n.l3thll01
100
11-04
100 s.n. i3thll-05
100.
11 05
100
11-06
100 a.n.’.3thl 1-07
500.
1107
100 s.u. Hthll'OS
300 B.u.lithll-09
100
11 -00
800
.11 10
300
nil
200
11-15
30011 17
100
11-19
100 e.n. ’>2thll-20
000
n-20
1-500
11-21
700
n-22
300
11*23
300.
n-24
100 e.n. I6tbll-26
100.
n 28
200
n-27
20'J
n-31
100
j 1*32
200
n-34
...
7,000
Spec- Tran¬
sit.
Market.
Variable.
Firmer.
like
113,6
11%
11%
127x6
13k6
Fri.
915x6
10°,6
lOlke
1015,6
like
11%
11%
HJke
II15i6
12%
Fri.
....
....
....
....
....
....
....
....
....
700
600
-
TOO
1-000
3-X)
io-85
1U-87
1088
10-89
10 90
10-91
Cts.
Bales.
Cts.
11*33
200
100
200
11-34
3,2l’0
10-47
10-48
10 49
10-50
11-32
100
!
900
2 590
11-06
11-07
1108
1109
1110
11*11
...11-12
3,$00
7,600
10, 00
8,100
11,900
...11 13
11,200
.
7,< 00
3,800.
2 500
000
2,000
2.700
221,000
...
.
For October.
For
100
1,900
10-17
1,100
1,100.
10-18
400
100
1 700
700
1019
10-20
10-21
1,20.1
2,200
2,800
3,000.
10-22
1,300
4.500
3 500
10-23
10-24
£,-<00
10 25
700
300
590
•3f0
600
5 600.
1.400
3 200
800..
1,100
..
.
..
10-28
10 27
10-28
10-29
November.
2,000
3,3::o
10-08
10-09
10 10
10-/1
High.
900
10-19
10-20
2.500
8 >0
10-21
10-3 i
8,100
10-36
1!-21 1 5.S00 .........10-37
10-38
11 22 11,100
1,900
10-22
900
300
100
10-23
10-27
11-14!
11-20
11*23 1 17,290
11-24
6,000
11-25 | 3.700
11 26 1
.<.11-27 1 7 300
1128 | 9 600..-.
11-29 1 2.600
500.
11-30
10-39
10 40
..
10-28
23.300
Stock at Liverpool
Stock at London
.
.
Stock at Havre
.
10-43
10-44
10 45
,10-46
For
Day.*
Closing.
Bid. Ask High. Low.
Bid Ask
11-29 30 11-34-11-23 11*28 30
11-22
10-43
10-23
10-23
10-29
10-40
10-51
23 11-3511-14 11*25
44 10-45-10-35 10-37
— 10-25-10-16 1018
— 10-23-1016 1017
30 10-29-10-23 10-25
42 10-4010-34 10-36
53 10-51-10-49 10-47
—
38
19
18
26
38
49
11*30
Barely st eady.
1879.
1878.
1877.
1876.
469.000
587,000
14,750
877,000
33,500
818.000
601,750
156,250
6,000
31,000
7,250
34,250
910.500
855,000
161,000
6,500
80,000
11,000
57,750
15,000
18,000
19,250
427,750
52.440
521,440
2,100
22,500
3,500
26,500
.
29,100
217,250
6,000
61,000
14,000
71.500
37,000
Stock at Rotterdam..
400
45,000
9,000
Stock at Antwerp....
100
6,500
6,200
17,250
45,500
10,75.0
7,750
15,250
196,400
312,500
449,000
717,810
914.250 1.359.500 1.282.750
205.000
280.000
416,000
38,000
59,000
83.000
22,000
16,000
28.000
56,310
136,746 -148,756
3,797
10,341
14,182
.
i.
.
Total European
stocks..
...
.
3
in United States ports
Stock in U. S. interior ports..
.
315.000
31,000
2.000
101,125
.
5.619
United States exports to-day..
1,000
1,000
59,250
100
.1,173,584 1,234,357 1,873.637 1.972,688
American and other descriptions are as
follows:
American—
.
.
.
.
United States interior stocks..
343,000
148,000
465,000
31,000
38,000
56,310
101,125
5,619
1,000
.
East
265,000
3,797
1,000
563,000
359,000
59,000
136.746
10,341
455,000
315,000
83,000
148,756
14,182
100
629,744
829,107 1,128,187 1,015,933
126,000
122,000
52.440
48,400
315,000
14.750
Indian, Brazil, (£c.—
London stock.
2,000
Egypt, Brazil, Ac., afloat.
.
F >t December.
100
9-97
3.600
10-00
100
10-01
300
10-02
Low.
106 000
.
10-41
10-42
Closing.
Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Aug 15), we add the item of
exports from the United States, including in it the exports of
Friday only:
10-14
10-15
10-16
...10 1?
10-18
Friday.
11-3 0
Steac Y-
10-12
1,200
s;000
2,600
2,800..
1001
10 02
1004
10-05
10 08
10-07
10-33
1034
.11-16
.
Bid. Ask
Day.
11-20 22 11.27-11*20
11-26- —
1114 15 11-24-1 I'll
10-37 — 10-45-10-33
10-17 18 10-23-10-15
10-17 18 10-23-10-14
10-22 24 1030-10-23
10-33 35
10-45 47 10-50-10-47
3
130,200
2,000
4,300
...11 17
11 18
For
11-25
1030
....10M1
10 32
1114
11-15
13,000
3,600
11 000
8 300.
.
1099
4,990.
7.500
.
Closing.
To 2 P. M.
Stock at Amsterdam.
1 !*31
Day.
The Visible Supply of
6,500
700
4,400
*
Closing.
11-S 5
S'e ciy.
6,295 471,600
1,524
900
....11*04
l!*05
Tr. ord.
Closed.
1*200
520
lt-93 1
6.800
90
October 10-3810-23
Nov’ber 10-18-1007
Dec’ber 1018-1003
Jan’ry. 10'21-lOTl
Feb’ry. 10-3210-20
March.. 10-45-10-41
Stock at Marseilles...
10-05.
4 500
1109-11-08
Stock at Barcelona.
Stock at Hamburg...
1C-91
4.600
e.n.
Sept’b’r 1115-10
900
1.100
3.400
11-00
1101
1102
'. 11-03
Low.
2,000
3,600.
2,500
Eigh.
August. 11-20-1107
77,900
64,100
55,900
70,400
1,205
2,272
2,500
10-98
Day.
Stock at Bremen
....
Cts. I Bales.
10-96
10-97
For
.
211 78,900
563 124,400
....
....
Deliv¬
eries.
Sales.
47
1078
FUTURE8.
Total.
10-y2]
4,300
For September.
000
000
100
1
Tr. ord.
39
20
18
25
36
Thursday.
SALES.
4 600
2,900
10-38
10-18
1016
10 23
10-33
10*45
11-2 5
*
Ste ad y.
Wednesday.
reached during the week
471,60) bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
Bales.
October 11-4011-35
Nov’ber 10-20-1014
Dec’ber 1019-1011
Jan’ry 10-25-10-20
Feb’ry.. 10-3610-34
March
10-47-10-45
Futures
For forward delivery the sales have
_
8.n.
Sept’b’r 11-20-1108 11-17 IS
For
Bid. Ask High. IjOID.
High. Low.
Bid. Ask
11-20-1107 11*11 12 11-10-1104 1110 12
11-20- —
1107-1101
11-29-10-98 1105 — 11-10-10-94 11*03 —
10-50-1018 10-25 — 10-2910-21 10-28 —
10-28-1005 10-06 — 1010-1005 1009 —
10 24-10 00 1004 — 1009-1004 10 08 09
10-30-1006 1008 10 10-13-1008 1014 16
10-29-10-J 3 1019 20 10-24-10-21 10-24 27
10-47-10-25 10-29 32 10-34-10 28 10*35 38
111 5
111 5
Firin.
Fin n.
Closed.
13%
Th.
Bid. Ask
Closing.
10%
10%
913J6 978
915,6 10
1031 g 10%
105,6 10%
10916 10%
109,6 10% lOlkfi
10131q 10%
101316 1078 1015,6
sump. ul’t’n
211
563
Lo'o.
Day.
10%
978
SALES OF SPOT AND TRANSIT.
Ex-
9%
10%
MARKET AND
SPOT MARKET
CLOSED.
High.
For
Closing.
11-21-11-20 11-23 25
August.
“
“
10516
Middling
Day.
.
9%
10%
10%
10%
Sat.
Good Ordinary
Strict Good Ordinary
Low Middling
Sat.
91310
10316
10916
101316
101516
978
13%
STAINED.
For
.
Mon Tnes
Sat.
91116 9%
Strict Ord..
lOlie 10
Good Ord..
10716 10%
Str. G’d Ord
101116 10%
Low Midd’a
101316 1034
Str.L’wMid like 11
101516
Middling... 113ic 11% like
11
Good Mid
%
H7|6 1138
Str. G’d Mid 11%
1111X6 11%
Midd’g Fair 127ie 1238 12516
Fair
13k6 13
121&1B
TEXAS.
.
.
Total visible supply
Price Mid. Upl., Liverpool
543,840
629,744
47,500
205,000
16,000
314,000
33,500
90,000
286,000
22,000
368,000
37.000
112,750
416,000
28,000
956.750
405,250
745,500
829,107 1,128,187 1,015,938
1,173,584 1,231,357 1,873,687 1,972,688
6%b
G^igd.
6lied.
63led.
| Vol. XXIX,
THE CHRONICLE.
174
depth of five inches and thirty-nine^
ended in a storm. The plant is^
so badly injured by drought that there is now very little hops'
from a second growth.
Much open cotton has been beaten out
by the rain. The storm has interfered with picking. The yield
is generally estimated at a bale to eight acres planted.
Average
At the Interior Ports the movement—that is the receipts
thermometer 82, highest 94 and lowest 71.
atid shipments for the week, and stocks to-night, and for the
Corsicana, Texas.—We have had local showers on two days,
corresponding week of 1878—is set out in detail in the following the rainfall reaching twenty hundredths of an inch. There wasstatement:
not enough rain to do much good, but fine rains have fallen all
Week
ending Aug. 16, ’78. around us. Picking is progressing finely. The thermometer
Week ending Aug. 15, ’79
has ranged from 64 to 99, averaging 78.
Stock.
Dallas, Texas.—It has rained hard on four days of the week,
Receipts Shipm’ts
Receipts Shipm’ts Stock.
proving
very beneficial. There has been some open cotton beaten
174
181
92
542
1,311
9
yield now promises very fairly. The increased acreage
out,
but
the
Augusta, Ga
565
30
151
530
367
29
Columbus, Ga....
of this section and northward is estimated at fully 30 per cent.
382
44
86
275
9
Macon, Ga
735
36
The thermometer has averaged 77, with an extreme range of 68
81
419
270
2
Montgomery, Ala
329
175
44
175
21
10
to 98.
The rainfall has reached three and forty-five hundredths
Belma, Ala
877
1,471
636
days, tremendously, to a
figures indicate a decrease in the cotton in sight to-night
of 60,773 bales as compared with the same date of 1878, a de¬
crease of 700,103 bales as compared with the corresponding date
of 1877, and a decrease of 799,104 bales as compared with 1876.
These
.
.
.
hundredths.
.
50
Memphis, Tenn.*
Hasliville, Tenn..
50
2
Total, old ports.
111
1,250
Dallas, Texas....
Jefferson, Tex....
Shreveport, La
5
10
24
10
50
....
1,900
1,009
33
279
141
5,619
1,081
1,664
3,797
16
24
5
167
12
159
161
57
286
3,068
1,397
421
679
791
368
1,433
1,003
Total, new p’rta
444
887
5,858
1,664
3,193
2,441
Total, all
555
2,137
11,477
2,745
4,857
6,238
..
ICuf aula, Ala.*—
Griffin, Ga
Atlanta, Ga.*—
Rome, Ga.*
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
*
....
6
....
2
20
....
15
18
125
7
350
125
407
....
....
4
24
70
25
50
....
67
30
87
43
174
....
....
28
46
....
350
26
.
.
.
.
inches.
show that the
....
798
30
....
have been good showers
here on
have been beneficial, but ton
is estimated at a bale to
interfered with by the
storm, but is now progressing finely.
Some sections have not
yet had enough rain. The thermometer has averaged 78, the
highest being 95 and the lowest 72. We have had a rainfall of
one inch and twenty hundredths.
The rain came just in time toperishing.
Louisiana.—We have had rain on five days the
past week, a heavy rain on one day and showers on four days,
the rainfall aggregating four inches and fifty hundredths.
Cat¬
erpillars have appeared, although the injury done is as yet lim¬
ited.
The cotton plant looks strong and healthy.
There are
some complaints of too much rain.
The thermometer has aver¬
aged 79.
Shreveport, La.—Telegram not received.
save
cattle from
New Orleans,
Vicksburg, Mississippi.—Telegram not
old interior stocks have
Leased during the week 1,139 bales, and are
interfered with picking.
three days of the week, and they
late to save the crop.
The yield here
six acres planted.
Picking has been
Estimated.
The above totals
The storm has
Brenham, Texas.—There
11
20
60
60
98
93
33
86
170
783
Vicksburg, Miss.*
Columbus, Miss..
The drought has
Columbus, Mississippi.—The
to-night 1,822
received.
thermometer has averaged
92
the week, the highest point touched being 98 and the
es more than at the same period last year.
The receipts at the during
The rainfall has reached one inch and thirty-four
lowest 87.
same towns have been 970 bales less than the same week last
hundredths. Caterpillars have appeared, though without serious
year.
injury as yet, and rust is developing badly. Cotton is in a criti¬
Receipts from the Plantations.—The following table is cal condition, and if the rains continue, serious damage may be
expected.
prepared for the purpose of indicating the actual movement
Little Rock, Arkansas.—It has been more or less-cloudy all
week from the plantations.
Receipts at the out ports are some¬
the
past week, with rain on last Friday and a heavy rain this
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach, (Friday) morning. The thermometer has ranged from 57 to 84,
therefore, a safer conclusion through a comparative statement averaging 71. The rainfall has reached one inch and ninety
hundredths.
like the following:
Nashville, Tennessee.—There has been no rainfall during the
RECEIPTS FROM PLANTATIONS.
week.
The thermometer has averaged 72. ranging from 55 to 85.
Two bales of new cotton were received yesterday (14tli).
Receipts at the Ports. Stock at Inter’ r Ports Rec’pts from Plant’ns
Week
Memphis, Tennessee.—We have had rain during the past week
1879.
on two days, the rainfall reaching eighteen hundredths of an
1878.
ending—
1877.
1879.
1878.
1877.
1879.
1878.
1877.
inch, and the balance of the week has been cloudy. The ther¬
15,737 48,082 39,699
26,287 59,886 54,283 140,649 119,991 116,879
Apr. 4
mometer has ranged from 61 to 87, averaging 74.
34,977
40,033
13,897
107,005
11
21,183 51,391 44,851 133,363 108,633
Week ending July 25.—Rain on three days, to a depth of one
25,148
40,187 128,411 95,979 91.966 13,058 26,362
each
II
«l
18
II
25
4
18,01(
26,641
16,560
17,309
16,288
12,147
9,669
9,390
8,526
8,526
6,519
6,102
44
11
4,404
4ft
18
44
25
3,676
3,299
2,691
May
2
41
9
44
16
41
23
4%
30
Jane
6
4ft
13
4ft
20
4ft
27
July
Aug.
1
2.102
4
4ft
15
1
1,783
39,016
38,856 36,183 117,074
31,196 22,2-3 107,534
24,252 19,031 97,696
20,097 19,897 86,376
19,732 16,673 79,009
18,220 17,113 67,786
12,380 11,089 57,509
6,612 52,154
11,231
7,188 45,769
10,721
6,293 35,811
6.879
3,637 32,077
5,949
3,032 28,997
5,287
2,809 27,979
3,782
3,272 25,361
4,086
2,503 22,472
3.671
3,069
4,657
3,945
21,574
3,462
19,118
The above statement shows—
1. That the total receipts from
«...
....
«...
....
....
32,019 31.511
17,604 ,13,951
14,472 11,615
7,600
10,760
9.604
8,853
7,882
10,940
6,461
7,509
1,471
6,392
4,065
4,693
2.210
4,832
802
4,384
3,645
1,335
1,243
2,154
1,119
2,059
2,149
•
'
.
.
•
410
3,028
2,549
1,890
inch
and
twenty-two
Average thermometer 82,
<
lowest 67.
Montgomery,
the plantations since Sept 1 in
1877-8 were 4,257,572 bales; in
hundredths.
highest 94 and lowest 74. Condition of cotton much improved,
and it was thought corn would improve.
Week ending Aug. 1.— Rain on five days, the rainfall reaching
one inch aDd
forty-nine hundredths. The thermometer had
averaged 79, ranging from 74 to 92. Cotton had materially im¬
proved and the prospect was better than the average. Corn had
improved.
Mobile, Alabama.—Rain has fallen during the week on four
days—on three days showery and on one day severely and con¬
stantly, the rainfall reaching four inches and thirty-five hun¬
dredths. * Crop accounts are less favorable.
We are having too
much rain and the plant is shedding, doing much damage.
Caterpillars are reported everywhere in Middle Alabama and
great injury is feared. Average thermometer 77, highest 92 and
Alabama.—It has rained here on two
days, the
and the
rainfall reaching one inch and ninety-five hundredths,
rest of the week has been cloudy.
Caterpillars have appeared,,
though the injury done is as yet limited. Rust is developing
badly. Average thermometer 76, highest 86 and lowest 64.
at the out ports the past week
Selma, Alabama.—Rain has fallen during the week on four
were 3,462 bales, the actual movement from plantations was
days. We are having too much rain and much damage is
only 1,890 bales, the balance being drawn from stocks at the feared. Worms are reported doing much damage in cane brake
interior ports.
Last year the receipts from the plantations for crop. Prospects are seriously impaired by the heavy rains.
the same week were 2,549 bales, and for 1877 they were — bales.
Madison, Florida.—Telegram not received.
Macon, Georgia.—We have had rain during the week on two
Weather Reports by Telegraph.—Rain has fallen almost
days. The thermometer has averaged 82, the highest being 91,
everywhere the past week. In Texas almost the whole State has and the lowest 73.
Columbus, Georgia.—Rain has fallen slightly on two days the
been visited by heavy showers, but it is feared that it is too late
past
week, the rainfall reaching twenty hundredths of an inch,
to ensure a large yield.
In portions of the other Gulf States l'he thermometer
has averaged 80.
there are serious complaints of too much rain, and caterpillars are
Savannah, Georgia.—It has rained on three days, the rain¬
undoubtedly appearing in considerable numbers, and will do fall reaching eighty-five hundredths of an inch, but the balance
of the week has been pleasant.
The thermometer has ranged
much harm unless dry weather comes soon.
from 63 to 97, averaging 77. , Crop ^condition not materially
VOalveston, Texas.—It has rained hard on six days the past
changed since last report.
week, the rainfall reaching four inches and fifty hundredths.
Augusta, Georgia.—The earlier part of the week the weather
The long drought has ended, and heavy rains have fallen in was clear and pleasant, but during the latter portion it has been
most sections throughout the State, doing great good, but too showery three days, the rainfall reaching seventy-two hun¬
dredths of an inch. Accounts continue favorable, and the crop
late to give a fair yield per acre.
Picking has been interfered is developing finely. The first new bale was received on Thurs¬
with by the storm. The thermometer has averaged 79, the high¬ day from Burke County. '1 he thermometer has averaged 76
est being 91 and the lowest 71.
during the week, the extreme range having been 65 to 94.
Charleston, South Carolina.—It has been showery one day of*
Indianoia, Texas.—Rain has fallen during the week on six
1878-9 were 4,451,742 bales; in
1876-7 were 3,940,204 bales.
2. That although the receipts
i
87,294 15,304
7,020
78,962
7,471
71,546
4,968
59,249
4,780
51,429
42,198
37,570
3,171
32,429
2,141
29,306
25,223
2,368
22,388
20,691
1,324
2,658
15,528
681
14,410
13,966
1,204
8,346 13,049
6,238 11,477
89,142
75,550
65,770
56,433
46,305
39,025
34,154
29,315
23,287
21,240
19,675
18,033
15,494
12,527
11,005
iW.
of its author and to have been
adopted as a bright thought,
original and suggestive. It finally comes back to this city in.
the following letter from a correspondent:
St. Louis, Mo., August 8, 1879.
tlie week, the rainfall reaching fifty-five hundredths of an inch.
The thermometer has ranged from 62 to 95, averaging 77.
The following statement we have also received by telegraph,
-showing the height of the rivers at the points named at
Aug. 14, 1879. We give last year’s figures (Aug. 15,
comparison:
r
3 o’clock
1878) for
Publishers New York Commercial and Financial Chronicle, New
York:
Aug. 14, ’79. Aug. 15, ’78.
Feet. Inch.
Feet. Inch.
'
11
10
0
1
14
Below high-water mark ..
Above low-water mark...
Above low-water mark...
Above low-water mark...
Above low-water mark...
.New Orleans
Memphis
Nashville
:Shreveport
Vicksburg
9
12
2
16
21
7
5
11
1
7
.
in
New
Or¬
we’k leans.
of
^at..
84
Mon
14
Tues
83
Wed
22
•
•
•
•
m
.
m
4
.
Wil¬
Nor¬
folk.
1
3
689
46
....
4
7
530
38
•
4
5
157
39
15
•
•
•
Thur
23
2
164
30
Fri..
23
5
7
60
176
29
Tot..
249
20
16
81
2,086
204
....
....
•
•
•
47
•
•
-
•
•
Year
1877.
1878.
-Sept’mb’r
October..
Novemb’r
Decemb’r
-January
February.
.
April....
May
June
•July
1876.
98,491
578,533
822,493
236,868
675,260
901,392
893,664
618,727
900,119
787,769
500,680
449,686
182,937
566,824
303,955
167,459
84,299
29,472
13,988
March...
197,965
96,314
42,142
20,240
ways.
1st. There is a larger cotton supply, according to your
statement, than is warranted if this press despatch is correct.
2d. The people of the United States are seriously affected by
decline in silver, it being one of our important products, a,
basis of values, and a vital question for cotton growers and
a
manufacturers, as a reduced value for silver limits the consumptive power of silver standard nations and their power to
7
absorb cotton cloths and yarns, to say nothing
all other values generally.
Respectfully,
347
16
239
509
809
799
3,462
100,194
68*939
36,030
17,631
1875.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
29,422
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010
17,064
1873.
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
59,501
31,856
Tot.Jy. 31 4,435,737 4,258,486 3,957,386 4,085,531 3,473,936 3,768,597
,
■
Perc’tage of tot. port
99*34
99*06
98*00
97*48
97*99
receipts July 31..
■
This statement shows that up to July 31 the receipts at the
ortsthis year were 177,251 bales more than in 1877 and 478,351
ales more than at the same time in 1876.
By adding to the
above totals to July 31 the daily receipts since that time, we
«hall be able to reach an exact comparison of the movement
for the different years.
certainly surprising to see how little information on
European journalists are generally satisfied with.
Before we published our visible supply table, no such figures
were given anywhere, except a meagre monthly statement in
two or three Liverpool, circulars; and even to this day there are
papers on the Continent which regularly copy our statement
two weeks after it appears in the Chronicle. The information
is picked up byour agents all over Europe and India; we obtain
it by cable; and then it goes back by mail where it comes from
by cable, and is published there as news. This may suit their
readers, but would be considered a little stale here.,
In the above extract from the London Telegraph we have
another illustration of the same lack of enterprise, and there¬
fore of a ridiculous mistake made through a want of informa¬
tion.
Any cotton man in Europe or America knows in general
that the statement made was absurd; but they would have been
compelled to go to the Chronicle to find out the exact'facts, for
no other paper has ever undertaken such an enterprise as is
indicated in our weekly cable of all India exports. The result,
as we give it, is expressed in only a very few figures, but tha
work and the telegraphing done to secure that result may be
easily imagined.
If any one doubts its extent, let him try the
same service, and after paying the bills for a few weeks he will
It is
trade matters
follows:
1874.
r
be satisfied.
The absence of demand for silver for
1877-78.
1876-77
1875-76.
1874-75.
1873-74.
Tot.Jy. 31 4,435,737 4,258,486 3,957,386 4,085,531 3,473,936 3,768,597
421
S.
635
139
419
1,092
Aug. 1....
“
264
S.
724
521
507
2....
1,465
“
861
504
410
395
3....
S..
1,056
“
4....
562
S.
452
846
390
547
834
394
701
301
924
207
702
“
5....
698
593
“
6....
330
509
4<
7....
666
529
618
8....
1,182
340
247
*“
9....
527
700
364
1,141
1,168
1,032
“
10....
468
245
764
364
701
“
11....
776
531
539
604
*"
12....
764
712
1,038
1,084
S.
S.
S.
S.
839
S.
“
13....
347
612
“
14.,..
239
737
598
1,963
“
15....
S09
505
367
1,714
487
S.
8.
197
960
S.
218
647
168
967
195
787
S.
604
the East is not there¬
degree to a falling off in the number
exported from India, for the exports are
fore to be attributed in any
of bales of cotton
1878-79.
of its effect on
Day & Proudfit.
Beginning September 1.
288,848
689,264
779,237
689,610
472,054
340,525
120
4
....
The movement each month since Sept. 1 has been as
Monthly
Receipts.
776
764
despatch,
statistics and these affecting the cotton trade in two
your
527
8
3
We desire to call attention to the following press
one of the local papers of this city.
s$c
all other India ports) 71,000 bales more than for the same time
of 1878. There is, therefore, an apparent discrepancy between,
Total
99
....
*
919,413 exported in 1877 and 1878.”
Your last issue makes the total exports (from Bombay and
ton.
22
370
All
ming¬ others.
*
Silver.—The entire absence of demand for silver for the
East is to some extent accounted for by the continuous fallingoff of exports of cotton from India. In the year ending June,
1879, only 646,649 bales were exported, as compared with
9, ’79, TO FRIDAY, AUG. 15, ’79.
Char¬ Savan¬ Galleston. nah.
vest’n.
Mo¬
bile.
*
*
“
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-watei
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
aach port each day of the week ending to-night.
PORT RECEIPTS FROM SATURDAY, AUG.
*
*
9
8
3
10
2
New Orleans
D’ys
175
THE CHRONICLE.
1879.
August 16
figures show. It is very likely, however^
probable, that the value of the cotton,
exported was less than in 1878, the average of prices of all
India descriptions being lower and a much larger portion being
really larger,
and
wre
as our
should say
Calcutta ^cotton.
Cotton.—Eufaula, Ala.—The first bale of this year’s
of cotton was received here August 11. It was raised by
Major Wiliam N. Reeves, of Quitman county, Ga.
It was
classed middling, and sold to John W. Tullis & Co. for 18c. per
New
crop
pound.
first bale of new cotton was
by James O’Brien, of Dallas
county, classed low middling, and sold at 14c. per pound.
New Cotton.—Selma, Ala.—The
received August 12. It was raised
New Cotton.—Charleston.—The first bale of
of South Carolina cotton was
Charleston
4,443,563 4,266,193 3,963,680 4,099,028 3,477,840 3,778,839
Percentage pf total
97*80
99*45
99*33
98*16
98 17
p’rt rec’pts Aug.15
Total
shipped from
the
new crop
Blackville for
August 12.
New Cotton.—Augusta, Ga.—The first bale of new cotton ah
Augusta was received August 14 from Burke county. It was
classed strictly low middling and weighed 422 pounds. It was
This statement shows that the receipts since Sept. 1 up to sold at the Augusta Exchange to Branch, Sons & Co., at 12c. per
fto-night are now 177,370 bales more than they were to the same pound, and was shipped by them to Havre. The first bale last
day of the month in 1878, and 479,883 bales more than they year was received eleven days earlier.
Were to the same day of the month in 1877.
We add to the last
Agricultural
Departments Report for August.—The
table the percentages of total port receipts which had been
received Aug. 15 in each of the years named.
August returns to the Depaftmeht of Agriculture, received by
Cotton Exports From All India.—On Wednesday of last telegraph this afternoon, show a slight decline from the condi¬
week a cable despatch, published by the daily press of this tion in July, the average for the whole country being 91; a
city, gave an extract from the London Telegraph, attributing loss of 2 per cent since July 1. The figures for this month and
the entire absence of demand for silver for the East to the for the previous months of this year and the same months of
falling off in the exports of cotton from India this year. This last year, with the averages for the three months and differ¬
despatch, in traveling westward,
appears
to have lost the name
ences
in condition for the two years, are as
follows:
nrim
W '<W IT
THE CHRONICLE.
176
States.
June. July. Aug. Av’ge. June.
>>
3
Dec’se.
Per ct.
Av’ge.
Aug.
83*3
*160
97 100*0
14*3
88*7 101 105
92
99*3
10*6
98 100
99
99*0
8*0
98 100*3
3*0
81
82
North Carolina
98 104 t96
993
87
South Carolina
94
81
82
85-7
99 104
Georgia
93
86
87
Florida
95
91
87
91*0
Alabama
96
96 100
Mississippi
99
92
98
963
98
98
92
96*0
Louisiana
95
93
89
923
98
95
90
94*3
2*0
Texas
94
90
79
87-7
104 106 108 106*0
18*3
100 103
96
997
98
91
98
95*6
*4*1
94 101 105
100*0
97
98
92
95*6
*4*4
Arkansas*
Tennessee
"*■
973 101 102
The plants are forming, blooming and boiling well, but some
shedding is reported. The present condition of the crop is good, and,
otherwise than being later, It is better than at the same time last year,
except in the counties of Barbour, Conecuh, Henry, Macon, Monroe,
Sumter and Winston, which report poorer prospects. Cotton worms
have appeared in 14 counties, about the middle of the State, but have
yet done no damage. Too much rain is generally reported, aud there is
considerable apprehension of serious damage from shedding, with some •
complaint of injury by rust.
last year.
1878.
1879.
Mississippi.—30 replies from 18 counties.
but
Increase.
cent in
cent in
8.”
86
thus far
(that is, for the
improved condition of 16. per
North Carolina, of 4*1 per cent in Arkansas, 4% per
Tennessee and 0*3 per cent in Mississippi; but elsewhere
three months
there is
a
ending Aug. 1)
decreased
or
season
reported as having been dry the early part of July,,
rainy the latter part in all the counties, except Chickasaw, Clay,.
Oktibbeha and Prentiss, which report hot and diy weather for thewhole month. There has been little or no laud abandoned since plant¬
ing. The weather compared with that of the corresponding period last
year has been more favorable in 9 counties, equally as favorable in 5
counties, and less favorable in 4 counties. The stands are generaliy
good, and compare favorably with those at same time last year. The
plants are forming, blooming and boiling very well. Toe present con¬
dition of the crop is good, and about the same to better than last
year, but a little late. Worms have appeared in four counties—Alcorn,
Clay, Newton and Noxubee, but thus far have done no damage. There
has been too much rain, and there are complaints of some rust, shed¬
ding and small growth.
The weather is
*0*3
t Tlie North Carolina condition came by telegraph “ 86 or a loss of
"We have entered it in above table 96, which would be a loss of 8, the
being a loss of 18.
This statement shows for the
cent.
New Orleans Department
an
condition, varying from 18 per
to accept the above as correct, the
poorer
If we are
crop of 1879, even on the increased acreage the Department
reported, will fall about 175,000 bales short of last year’s crop.
Cotton Exchange Reports for August 1.—We publish below
in full, the Cotton Exchange condition reports for August 1 :
Norfolk Department.
cent to 2 per
The Norfolk Cotton Exchange (H. 8. Reynolds, Chairman, W. D.
Rountree and R. P. Barry, Committee on information and Statistics)
issues the following report, covering the State of 1 irqinia and the follow¬
covers
that part of the State of Mississippi not apportioned to the Mem¬
phis and Mobile Cotton Exchanges; the entire Slate of Louisiana, and
the State of Arkansas south of the Arkansas River. The report is pre¬
pared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Wm. A. Gwyn,
Chairman, L. F. Berje, Chris. Chaffe, Jr., W. H. Howcott and A. G. Ober.
Louisiana.—86 replies from 32 parishes; average
date, July 31-
The weather is reported by tlie greater number of our correspondents
as favorable to the crop and compared with last year, for same time,
more
favorable.
Of tbe lands
planted in cotton, no abandonment of importance is
reported.
The stands are reported good, if anything better than last year. The
plant is forming, blooming and boiling well.
The present condition of the crop is good, and in a majority of instances
better than last year.
Worms are reported
ing Counties in Nortti Carolina: Rutherford, Lincoln, Catawba, Rowan,
Davidson, Iredell, Burke, Wilkes, Caldwell, Alexander, Davie. Forsythe,
Yadkin, Stokes, Surrey, Rockingham, Caswell, Person, Granville, Warren,
Franklin, Nash, Wake, Hyde, Pitt, Green, Cartaret, Craven, Beaufort,
Tyrrel, Washington, Martin, Bertie, Chowan, Pasquotank, Camden
Currituck, Gates, Hertford, Northampton and Halifax.
North Carolina and Virginia.—23 replies from 18 counties.
The weather up to July 20 was very hot and dry, but since then vari¬
rains
to have put in an appearance in two parishes, and
during the latter part of the month have caused some shedding.
Mississippi.—93 replies from 29 counties;
July 31.
average
date,.
Owing to quarantine regulations in this State, we are deprived of
reports from several important counties.
•
during the first fortnight of the month is reported dry,
other half of the month copious rains have fallen. Com¬
pared with last year the weather is decidedly more favorable, giving
planters full opportunities of cultivating all the cotton planted, and
The weather
but during tbe
showers have occurred. No lands have been abandoned since planted.
Nine replies report the weather more favorable to the crop this year
than last. Niue le- s favorable this year, and five about same as last year.
Stands generally reported very good. The plants are forming blooms
and boiling well, but smaller than last year.
The crop in general compares favorably with and in many cases is
better than last year.
The excessive drought in June and July caused the plant to be small.
ous
therefore there has been no abandonment of lands.
Stands are reported good and equal to (in very many
than) last year
The
Charleston Department
instances better
plant is forming, blooming and boiling well, and its present condi¬
tion is good; comparatively, better than last year.
Shedding is reported in some sections, owing to very
latter part of the month.
Arkansas.—49
covers the Slate of South Carolina, and is prepared and issued by the
Charleston Cotton Exchange, through their Committee on Information
And Statistics, composed of Robt. D. Mure and L. J. Walker.
South Carolina.—89 replies from 29
[VOL XXIX*
answers
from
24
heavy rains in the
counties;
average
date,.
July 31.
The weather during the month has been favorable for cotton in all
except four counties, where it is reported as having been very dry, and
counties.
compared to last year, for the same period, it has been more favorable.
correspondents complain of too much rain in the latter part Of the
The weather for the month of July, with few exceptions, reported as
nrery hot and dry until 20th and 25th; but balance of month abundance
of rain. No land abandoned except a trifling amount in one county.
The weather for the season to 31st ult. reported more favorable by 23,
less favorable by 57, and about same by 9
The stands are, with a few
exceptions, reported as very good—better than last year—forming,
A few
month.
No lands are reported abandoned.
Stands are reported good, and on the whole better than last year.
„
The plant
„
is forming, blooming and boiling well, and its present
condition is good, being reported as better than last year.
blooming and boiling very well, several reporting that they never saw
the plant so well fruited at same date. The plant, owing to excessive
Galveston Department
drought, is reported quite small in many counties, and the general fear I
is that if heavy rains continue much damage may result from shedding I covers Ike Stute of Texas, and was prepared and issued by the Galveston
Cotton Exchange', through their committee on Information and Statistics,
and the plant going too much to weed. Slight shedding reported from
-several counties and rust from four counties. We consider present pros-1 composed of J. D. Skinner, Chairman, Isaac M. Kirwan, Chas. Kellner, J.
M. Northman and J. J. Lewis.
pects promising, but about ten days later than last season.
Texas.—95
Savannah Department,
This report covers the State of Qcoryia and the State of Florida.
The
report is prepared and issued by tbe Savannah Cotton Exchange, through
ttieir Committee on Information and Statistics, composed of J. H. John¬
ston, Clavius Phillips, J. J. Wilder, L. G. Young and F. R. Sweat.
Georgia,—78 replies from 50 counties.
The dry spell which did some injury to the cotton plant in Jnne has
been relieved by very general rain, wbicb, although excessive in a few
sections, has to a great extent repaired the damage done by the drought.
As compared with last year, the weather has not been quite so good,
and the crop is less forward; but the stands are excellent, and the plant,
vigorous in its growth, is blooming and fruiting well.
Under these
circumstances the prospect for this season, scarcely so promising early
in month as the last, has materially improved and is now vciy satisfac¬
tory. The complaint of caterpillars is exceptional, and they seem to be
doing little harm.
Nashville Department
localities, have done
«,
having
very
seasonable
'showers, and the condition and prospects of the crops are considerably
better than at this time last year.
Mobile
covers
from 62 counties.
Thirty-seven counties report the weather hot and dry. Some rain has
fallen in eighteen counties, and very copious rains in seven counties.
Six counties report small decrease (not exceeding five per cent in
acreage). No laud has been abandoned in fifty-six counties.
Thirteen counties report the weather, as compared with last year, more
favorable, thirty-seven counties less favorable, and twelve counties the
same.
The plant has been forming and blooming well in tbirty-eix
counties, but now there is complaint of shedding in most of them for
want of rain. Twenty-six counties report not forming or blooming well.
The present condition of the crop is reported more favorable in eighteen*
counties, less favorable in thirty-two counties, and about the same as*
last year in twelve counties.
The excessively hot and dry weather having caused the bolls to mature
more rapidly aud open much earlier than any season ever known before,
j jacking commenced very much earlier, and the early receipts are
expected to be unprecedentedly large at the expense of the later months
Florida,—29 replies from 14 counties.
There has been ample rain during the mouth, and some improvement
-in the crops, which is nevertheless not fully up to the standard at this
date last year. The stands are however good; the plant though small,
and in a few instances shedding, is healthy and strong, well fruited, and
full of blooms, quite capable with a continuance of favorable weather to
recover from all its drawbacks.
The caterpillars, still noticed in a few
no material harm.
The Sea Island section has been fortunate in
answers
1
Department
the State of Alabama as far north as the summit of the Sand
Mountains, and the following Counties in Mississippi: Wayne, Clark,
Jasper, Lauderdale, Newton, Kemper, Neshoba, Noxubee, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc
Prentiss, Alcorn and Tishamingo. The report is prepared and issued by
the Mobile Cotton Exchange, through their committee on Information
aad Statistics, composed of T. K. Irwin, Chairman, Julius Buttuer, S.
Maas, Louis Touart aud G. Thos. Cox.
covers
Middle Tennessee east of the Tennessee River, and the following
of Alabama:—Lauderdale, Franklin, Colbert, Lawrence,
Morgan, Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee.
Counties
[ The report is prepared and issued by the Nashville Cotton Exchange,
through their Committee on Statistics and Information, composed of
Leonard Parks, Chairman, B. Lanier aud J. B. Dobbins.
Middle Tennessee.—19 replies from 6 counties.
One reports weather favorable, 4 too dry, and 14 very dry until tbe
20th to the 25th ult., when the recent rains began. None reported any
abandonment of lands planted in cotton. Five report the weather less
favorable, 13 more favorable, and one equal to last year’s season to this
[ date. The stand is reported by 9 as good, and 10 better than last year.
| All report the cotton plants as blooming well. The present condition of
[ the
crop is reported by 1 as too small, 2 not so good, and 16 better than
at the same time last year. There is some complaint of recent rains,
causing the squares and blooms to fall, and one reports black rust.
North Alabama.—28
I
replies from 11 counties.
report weather dry to 20th and 25th ult.; S favorable, and 6
Alabama.—87 replies from 45 counties.
I too much rain. Two report abandonment of small crops, and 26 none of
The weather is reported as having been hot and dry to about the 20th
the lands planted in cotton. Fourteen report weather more favorable;
of July, since which time it has been wet and raining, only four coun¬ 8 less favorable, and 6 equal to last year. Eight report the stand as
ties—Blount, Etowali. Henry and Winston—reporting dry weather. good; 8 better, and 2 not so good as last year. All report the plant as
There have been no lands abandoned eir.ee planted. The weather com¬
blooming well, but 3 complain of shedding from recent rains. Etehteei*
pared with the same time last year has been more favorable in 15 report the present condition of the crop as better; 7 as good, and 3 not
counties, less favorable in 20 comities, and equally as favorable in 10 • so good compared with last year. There is slight complaint of rust, and*
counties. The stands arc generally reported to be good, and better than
to© much rain during the latter part of July.
Fourteen
JLugust
THE CHRONICLE
16,1879.]
SUMMARY
Repli s. Counties.
Weather
Weather.
COTTON EXCHANGE
Lands
compared with abandon’d.
1878.
i
No.
23
>
18
Carolina >
merous show¬
ers since.
but
more
favor¬ None,
able.
to 20th &
cept a
Slight shed¬
Very good;
25th
July; 57 less favor¬
trifling better than Very well.
ding in
abundance of
able.
amount in last year.
several coun¬
rain since.
9 same.
one county
ties.
Rust
in 4 counties.
up
89
.All of S. C..
29
.Savannah.
General
has, to
78
Georgia
Remarks.
None.
Excessive drought
in June and July
None.
caused plants to
be small.
Feq-rs of much
Plant quite small,
damave from
shedding,
if
heavy
nuns
owing to exo’ssiv*
drought. Crop 10
None.
days
continue.
later than
in 1878.
rain
a
great
extent,
.All
Caterpillars.
than 1878.
Never so well
fruited.
ex¬
1879.
Good, and
year.
Very hot & dry 23
ding.
Very good. than last rather better
•Charleston.
1,
Rust and shed¬
boiling.
smaller
None.
FOR AUGUST
Present
Condition.
and
Well,
9 less f av’rable
5 about same.
toJ’ly20. Nu¬
REPORTS
Forming,
blooming
Stands.
Very hot & dry
Norfolk.
'Virginia
and
OF NATIONAL
177
re-
Not quite so
pah'd damage
good. Crop
50 by
previous less
forward.
drought. Ex-
Excellent.
Well.
Vigor’us in
growth.
Some report¬
Now very
ed, but
satisfactory.
no
damage.
»
c’ssive rains in
a few places.
187.
All Florida
29
Ample rain
the
14 during
month & some
With
favorable
Not fullv up
weather crop may
to this time Some reported.
Some, but no recover from alL
1878. Plant
No damage
drawbacks.
Sea
damage.
small
but
yet.
Good.
improvement.
Mobile.
Island crop much
better thau in’78.
healthy.
Hot and dry to
87
SPart of Ala.
42
Some
20th
July. 15 more favor¬
Since wet and
able.
only 20 less favor¬
rainy;
four counties
able.
report
dry 10
same as
None.
*78.
weather.
dry; latt’r part
)
30
>
.
18
sissippi. >
rainy. Dry all
July in four
counties.
9
more
favor¬
able.
4 leas fav’rable
5 same as ’78.
Good
Little
or
none.
86
32
Favorable.
and
Good, rather
oompare
well.
favorably Very
with 1878.
N. Orleans.
Louisiana..
plaints of rust
Good
later. Better and apprehen¬ Appeared in
14 counties;
better than
thau in 1878, sion of serious
no
in 1878, shedding is except in 4
damage
damage by
reported.
counties.
shedding. Too yet.
much rain.
Early part J’ly
Part of
Mis-
More favTable
None.
Good and
rather
better than
Good and
Well.
)
93
>
29
sissippi. )
Part of \
Arkansas 3
49
Dry to 15tb
July, copious Decidedly
more
favor¬
better than
1878.
rains
that.
after
Good
None.
able.
-
Favorable, ex¬
24 cept in 4 coun¬ More fav’rable
ties, where it
was
too
i
and
rather
better than
1878.
Good and
Well.
bettor than
1878.
Good
None.
and
better
Too muoh rain.
Some
4
In
coun¬
ties, but no
damage yet.
In 2
shedding
from rain lat¬
ter part July.
parishes
worms
have
appeared.
Several important
Some
shedding
owing to
heavy rains
last part July.
counties prevent¬
ed from reporting
owing to quaran¬
tine.
Good and
better than
Well.
than 1878.
dry.
>
Some com¬
better than
1878, but a plaints of rust,
shedding and
little late.
small growth.
1878,
Part of
Mis-
com¬
Good, but
but
and Well,
some
-
1878.
Galveston.
37 hot and dry.
All of Texas
95
13
more
favor¬
18 more fa¬
vorable. 36 now shed¬
36 well.
32 less favor¬ ding.
Want
26 not well
able.
of rain.
12 Same.
able.
6 counties
18 some rain.
37 less favor¬ 5 p.c. dec.
62 7 very copious
able.
56 none.
rain.
12 same.
are
later months.
Generally
fa¬
None.
vorable.
Some compl’nt
BettT than
1878.
Well.
Excellent.
Shipments.—According to our cable dispatch received
to-day, there have been 3,003 bales shipped from Bombay to
Great Britain the past week and 4,003 bales to the Continent;
while the receipts at Bombay during this week have been
3,000
bales. Th3 movement since the 1st of January is as follows.
These figures are brought down to Thursday, Aug.
14.
Shipments this week
Great
Brit’n.
Conti¬
nent.
3,000
1,000
3,000
2,000
4,000
4,000
Shipments since Jan. 1.
Great
Total. Britain.
Conti¬
nent.
7,000 244,000 323,000
1,000 287,000 386,000
7,000 373,000 403,000
2,000 526,000 346,000
_
(
Receipts.
This
Week.
.
Total.
567.000
673,000
3,000
2,000
776,000, 2,000
872,000
4,000
Since
Jan. 1.
we
India Shipments Other Than Bombay.—Below we give the
week’s shipments of cotton to Europe from Calcutta, Madras,
Tuticorin, Coconada, Carwar, Rangoon and Kurrachee.
Liverpool and Alexandria,
for comparison.
Alexandria, Egypt,
Aug. 14.
7,('00
3,000
4,000
1879
...6781
...
;
*
i.ooo
Shipments since January 1.
Total.
Great
Britain.
Conti¬
11,000
218,000
92,ODO
79,000
96.000
122,0 >0
48,000
47,000
3 40,000
3,000
77.000
173.000
1,000
nent.
Total.
140,000
126.000
a
1879.
1878.
1,000
1,667,000
2,590,000
This
Since
week Sept. 1.
This
Since
week Sept. 1.
This
Since
week Sept. 1.
171,400
79,700
238,000
168,000
296,000
140,000
600 251,100
406,000
436,000
1877.
Receipts (cantars*)—
This week
Since Sept. 1
2,703,000
Exports (bales)—
To
Liverpool
600
To Continent
Total, Europe
*
A cantar is 98 lbs.
This statement shows that the
1,000 cantars,
Shipments this week.
shall hereafter receive
weekly
Alexandria, Egypt.
The
receipts and shipments the past week, and for the correspond¬
ing weeks of the previous two ye.ars, have been as follows :
we
cable of the movements of cotton at
These
figures are collected for us and forwarded by cable. For the
week ending
Aug. 14 the shipments were as follows. We also
give the totals since January 1 and the figures for previous years
;
and
Shipments.—Through arrange-,
have made with Messrs. Davies, Benachi & Co., of
January 1 shows a decrease in shipments of 108,030 bales,
compared with the corresponding period of 1878.
nent.
■
Alexandria Receipts
ments
since
Conti¬
.
The above totals for this week show that the movement from
the ports other than Bombay is 8,003 bales more than same week
of last year.
770,000
844,000
990,000
988,000
From the foregoing it would appear that, compared with last
year, there has been anincrease of 6,000 bales in the week’s ship
ments from Bombay to Europe, and that the total movement
Great
Britain.
of
shedding
owing to re¬
cent rain.
.
Bombay
1878
expected to be
very large at the
expense
of the
M. Tenn.: 1
No. Ala.. 5
1876
Picking began
much sooner and
the early receipts
.
Nashville.
1879
1878
1877
The
excessively
hot dry weather
caused bolls to
mature and open
much earlier than,
ever before ku’wn.
an
receipts the past week have been
Europe have beeD 600 bales.
i the shipments to all
Manchester Market.—Our
market
report received from
to-day (Aug. 15) states that the prices for yarns
and shirtings are the same as last week, but that the market is
inactive, and prices are therefore nominal. Our correspondent
also adds that a fair business would be possible at lower rates.
We leave previous weeks’ prices for comparison.
Manchester
d.
878®938
6
6
6
6
6
d.
July 19.
25.
8 34® 9 *4
Aug. 1.
8%®9j4
834®914
8 34® 9*4
“
“
8.
15.
Shirtings.
8.
Uplds
d.
d.
d.
d.
4*2
4*2
4*2
4*2
112®7 4^
d.
s.
1^®7
1L>®7
112®7
lJ2a>7
8*4 lbs.
Mid.
Shirtings.
Uplds
d.
s.
6%
858®914 6
6916
S78®938
®8
412®8
412®8
41e®8
412®8
3
6
9
'g)95s 6
87s®9L2 6
87b®912 6
69i6
6516
638
6*2
6^8
6916
light
but no large
week show a
The Exports of Cotton from New York this
decrease, as compared with last week, the total
bales, against 8,906 bales last week. Below we
table sho^iog the exports of cotton from New
reaching 4,794
give our usual
York, and their
direction, ior jach of the last four weeks; also the total exports
and direction since Sept. 1, 1878, and in the last column the total
period of the previous year.
New York since Sept. 1, 1878.
for the same
Cotton (bales) from
Exports of
Exported to—
July
23.
Liverpool
Other British ports
Total to Great
Britain
July
Aug.
30.
6.
Total to
date.
Aug.
year.
260.890l330.360
4,313
2,171
5,607
4,634
4,313
2,171
8,330
4,634 274,206 336,217
3
Total French
107
Bremen and Hanover
260
100
115
3
14,505
9,659
473
16,306
2,202
2,835
20,718
4,986
19,206
473
21,343
44,910
100
5,710
500
All other
500
260
Europe
Spain, Op’rto, Gibralt’r,
&c
I
&c
100
......
1
4,680l
Grand total
2,671
160
160
2,390
2,398
160
5,870
4,788
8,9061 4,794
The Following are the Receipts
Boston, Philadelphia and Baltimore for
N. Orl’ans
Texas....
This | Since
week. Sept. 1,
315,924 395,574
at New York,
of Cotton
the past week, and sioce
Savannah
550 127,709
10 143,128
Mobile
Florida...
S.Carolina
19,9.81
92,922
This
week.
| Siuce
Sept. 1.
...
N.Car’lina
Virginia..
11
Foreigu..
This year.
Last year.
This
week.
Since
Sept.l.
Baltimore.
This
week.
144,635
3,040
24,501
100
45
56,630
1,455 141,128
539
2,952 905,081
| Since
Sept. 1
47,113
200
21,117
13,253
53,272
14
1
14
...
®
58*
®12
...
®
-®
..
...®
—
•
—
—
'S>...
Amst.’d’m, steam c.
sail
do
do
*
d.
...@
...“©
...'a)
...@
g)
.g>
...@
.
...'a)
'®... ...g>
d.
sail
...@
...-g)
c.
..
Baltie, steam
...®
....®...
Compressed.
Liverpool.—By cable from Liverpool, we have the following
statement of the week’s sales, stocks, &c., at that port :
45,000
36,000
2,000
2,000
29,000
3,000
541,000
413,000
14,000
12,000
3,000
199,000
37,000
4,000
2,000
528,000
387,000
32,000
8,000
3,000
195,000
29,000
30,000
41,000
2,000
30,000
5,000
bales.
Sales of the week
Forwarded
8ales 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
Aug. 8.
Aug. 1.
July 25.
1,000
Aug. 15.
50,000
5,000
39,000
6,000
3,000
469,000
343,000
18,000
14,000
2,000
503,000
369,000
14,000
14,000
6,000
190,000
6,000
189,000
16,000
25,000
The tone of the Liverpool market for spots and futures,
the week ending Aug. 15, and the daily closing prices of
have been as follows:
each day of
spot cot~tODr
Friday.
Saturday Monday. Tuesday. Wedn’sdy Thursd’y
Spot.
Market,
12:30
?
Quiet
p.m.$
Mid. UpFds
Mid. Orl’ns.
Market,
5 P. M.
Harden’g. Buoyant.
6»i6
1,994 368,476
2.753 942,639
335 344,828
315
162,082
89,650
229
73,194
3251151,953
Sales
8pec. &exp.
P
5 P. M.
J
8,000
1,000
Boston—To Liverpool, per steamers
Palestine, 156
Pembroke,
20
Total
particulars of these shipments,
follows:
Liverpool.
Bremen.
Genoa.
63s
6716
b‘16
6716
8,000
1,000
8,000
1,000
7,000
1,0C0
6,000‘
1,000
Firmer.
Steady.
Dull,
offerings
Steady.
light.
Liverpool, for the same week, are given
basis of Uplands, Low Middling clause,,
stated.
d.
6932'2>516
Aug
Aug.-Sept
Sept.-Oct
6932
6932® si6
Oct...;
d. f
Delivery.
d.
6I32 1 Sept.-Oct..-. .....CH32:
61132 Oct.-NOV. ....-61i6®332-
Aug.-Sept
6510
Delivery.
Oct.-Nov
I Nov.-Dee
53i32®0
Monday.
6*2
Oct
Aug.-Sept.. -6'716'S/i532
Sept.-Oct
6^i6@i532
Oct.-Nov
6^32® 3ie
®732®14
6iifi®332
Nov.-Dee
Jan.-Feb
Delivery.
Delivery.
6?16®l532
Aug
6^6
Feb.-Mar
Sept.-Oct
6ilc
6 H ® 1032
6ii6~
67i 6
Dec.-Jan
Aug...
Oct
6I032
.....
Aug.-Sept—67iq® 1332
Sept.-Oct
67i6
6I32® 6>
6I32
Dec.-Jan
Jan.-Feb.
Shipments.
Oct.-Nov.,11. crop.,
628
sail
Nov.-Dee., u. crop,
sail
6*1$
6~32
Oct.-Nov...
Tuesday.
Delivery.
Delivery.
ol332
Aug
Oct.-Nov
653g ** 16
Oct
-6^332®716
Nov.-Dee
Aug.-Sept.
638®1332
638® 1332
Oct
6I32
613;{2
Aug.-Sept
63s
Oct.-Nov
Nov.-Dcc
Feb.-Mar
i
65^
6
6
®716®1332
Wednesday.
Delivery.
Delivery.
Oct
-.
Aug.-Sept
Sept.-Oct
61332®38
638®ii32
6 38® 1132
Oct.-Nov.. 6032® 1e® ■332
6»i6
Aug.-Sept
Delivery.
Sept.-Oct
6932®
Sept.-Oct
6516
Oct.-Nov
Dec.-Jan
6.1 i(j
Nov.-Dee
52y32
Feb.-Mar
Oct
6
Aug.-Sept.. ..6932®516.
Sept. Oct
6I-32
6516
Oct.-Nov
61332
Delivery.
Aug.-Sept
638
Shipment.
6332
'
Thursday.
Delivery.
Delivery.
6H32
Oct
Aug.-Sept
Sept.-Oct
3,700
176
8,684
Aug
Oct......
63a® H32 Sept.-Oct
638®ll32 Oct.-Nov
61s®332
14
Total.
63g
Saturday.
Oct.-Nov
arranged in our usual form,
67is
3,000
Quiet.
Firm.
unless otherwise
Sept.-Oct
1,994
steady.
63s
O1^
15,000
The actual sales of futures at
below. These sales are on the
exports of cotton
Orleans—To Liverpool, per steamer Historian,
per ship Andrew Jackson. 1,706
Baltimore—To Bremen, per steamer Ohio, 14
and
Steady.
Futures.
Market,
per
New
Dull.
\
$
Delivery.
92
Firm.
6*2*
63g
27,300
61,224
58*
...®12
*2
..
25
from the United
latest mail returns, have reached
8,684 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
The Chronicle, last Friday.
With regard to New York, we
include the manifests of all veSsels cleared up to Wednesday
night of this week.
Total bale?
New York—To Liverpool, per steamers Kessel, 1,067—Italy,
496
Celtic, 285
Montana, 1,524
Algeria, 1,262
4,634
To Genoa, per bark Madre and Figli, 160
160
The
5s*
...®12
.'3>12
Delivery.
27
108,450
10,829
Shipping News.—The
States the past week, as
are as
...
...
—
840
11,679
13,477
34,817
2,170
40,277
6,525
147,661
Nortb.p’ts
Tenn., <fcc.
Philadelphia. |
Boston.
1,813 171,414
18
6
544
*2
..
®
..
Delivery.
New York.
from—
c. ....®
sail
—
-
—
...
•
September 1, 1878:
Receipts
c.
®732 ...®732
® 58*
.
ports
Total Spain,
do
....
.®9i3* ...®916* -.®916* ...®916*
Bremen, steam, .c. ...®916* ...®916*
®7l(j
®7ltJ ...®716
-.-®716
-®716
do
sail
c.
...®*916 ...®*9ie
..-®*916
...®*916
-.-®v916
.-..®*916
Hamburg, steam, c.
® *2
“® L2
....®12
® *2
do
.c. ....® *2 ...®12
sail
9,544
14,405
Hamburg
Total to North.
5,857
13,316
2^723
Other French ports
Other
period
previ’us
13.
107
Havre
Same
ending—
Week
sail., d.
do
consumption. Mail
hand, and report
The market here is very strong,
quality, with fair
for present
310® *4 316®14 310® *4 316®a4
®7 32
®732
--®732
®732
Liverpool, steam d. 316® *4 316® *4
6^
4^
412
Fri.
Tburs.
Wednes.
Tues.
Mon.
Satur.
6»ie
at full
quality. Jute
lots
bales,
reported.
been as follows:
freights the past week have
Cotton
Havre, steam
had been taken previously, and go into
advices in reference to the fire at Calcutta are to
the burning of 23,000 bales.
and holders are quoting 2^@2fc., according to
sales making at these figures
wants,
bale.
130 to 150 Kronen, per
request, and we only hear of small sales for jobbing wants
figures, holders quoting 9@10fc., according to
butts have come to hand more freely since our last, but the
ex Royal Alfred and Pembroke Castle, in all about 7,500
transactions are
July 24.
d.
d.
3
4Lj
4*2
s.
Etc.—Bagging has been in
Bagging,
Gunny Bags,
Cott’n
Cott’n
32s Cop.
Mid.
Twist.
8*4 lbs.
32s Cop.
Twist.
About 1,400 bales of cotton from the wreck of the ship China
(before reported) were sold by auction at Fredrickshaveu
The dry cotton realized 200 to 212 Kronen, and the. damaged from
China.
1878.
1879.
“
[vou xxix. *
THE CHRONICLE
3 78
Nov.-Dee
638
6*8
53i32
Nov.-Dee,, n. crop,
sail
515ig;
Friday.
I
Delivery.
6H32 { Oct
8ept.-Oct .638®ii32®38 Aug.-Sept
Delivery.
Oct.-Nov
6*8
Shipment.
6i332
638
Nov-Dec., n. crop,
sail
53I32
BRE ADSTUFFS.
Friday, P. M., August 15, 1879.
4,794
3,700
The flour market has been without activity in any grade, and
Baltimore...,.
14
....
14
Boston
176
....
176 prices have farther declined. Production is large at all points
14
160
Total
8,510
8,684 and the supply is large, except of some favorite brands from
old wheat for bakers’ use ; but for these the demand is never
Below we give all news received to date of disasters to vessels
large. Good to choice extras from new winter wheat are
tarrying cotton from United States ports, etc.:
Arizona, steamer (Br.), at Liverpool, July 30, from New York, had her abundant, at $4 75@5 25 per bbl. Common extras from spring
stern damaged, causing her to leak m collision compartment.
wheat are freely offered at $4 25 to arrive.
Rye flour has
Baltic, steamer (Br.), at Liverpool, July 28, from New York, touched
the South Stack, and owners state that the vessel has Slightly advanced, but prices of com meal are barely supported.
ToNew York
New Orleans
damaged her stem.
4,634
3,700
....
160
August
CHRONICLE
THE
16, 1879.]
day the market was
dull, holders freely offering common
179
Rail and lake
weeks:
shipments from
ports for the last four
same
inside prices, and bids few.
Week
Oats,
Flour,
Wheat,
Corn,
Barley,
Rye,
bbls.
bush.
bush.
ending—
bush.
bush.
bush.
rather weakening
Aug. 9
176,4S3 2,867,386 1,982,877 621,347
8,962 108,183
values, though subject to frequent fluctuations, with a feverish, Aug. 2
144,389 2,252,803 1,929,511 494,750 11,602 110,437
150,463 3,253,115 1,304,494 501,823 18,553 82,437
unsettled tone pervading speculative circles. Late transactions July 26
July 19
118,268 1,455,715 1,985,287
430,433 11,322 108,370
embrace new amber and red winter No. 2 on the spot, and for
Total, 4 w’ks. 589,603 9,829,019 7,202,169 2,048,358 50,439 409,427
this and the next two months, at $1 08/£@l 09% ; No. 1 white, Tot.4wks’78 441,424 5,066,413 8,652,027 1,962,464 40,130 227,352
$1 10%@1 11%, and No. 2 spring, $1. The new crop of spring
Receipts of flour and grain at seaboard ports for the week
wheat has so far advanced that it may be safely said to be very ended Aug. 9:
Corn,
Oats,
Flour,
Wheat,
Barley, Rye,
much better in quality and condition than last year, and the
bush.
bush.
bbls.
bush.
bush.
bush.
At—
81,433
York
120.259 2,294,174
777,584 266,897
yield is probably larger. The improvement is greatest in con¬ New
Boston
40,048
4,200
152,330 50,300
249,300
....:.
dition, the weather having been generally dry during harvest, Portlaud
2,900
5,200
1,300
1,454
Montreal
36,872
18,366
467,373
and a very large proportion will grade No. 2.
To-day_the Philadelphia..
i,ooo
355,600 67,200
15,800 1,501,500
extras on sale at about
The wheat market has been active, but at
..
..
...
...
.
..
...
...
dull and weak.
Indian corn has met with
market
was
an
active export demand, and prices
sales of No. 2 mixed on Wednesday
to the extent of nearly a million bushels, and prices advanced
to 46%c. on the spot and for August, 47%c. for September and
48%c. for October; but yesterday there was some weakness.
;
Special grades are scarce. The growing crop has made great
progress in the past two or three weeks, owing to frequent
rains and high temperature. To-day the market was weak.
Rye has been in moderate demand and firm, the sales being
mainly No. 2 western at 64c. on the spot and for September
delivery.
To-day the market was quiet. Barley is very
firmly held, in anticipation of an export demand, and there was
to-day a sale of old Western feeding at 50c. for shipment.
Barley malt was also active. Oats on the spot have been pressed
for sale, and prices have materially declined, especially for
mixed ; but futures remained steady, with sales of No. 2 mixed
are
higher.
There
were
To-day the market
for October at 32c.
was
steady, with No. 2
graded quoted at 32/^c. for mixed and 36/£c. for white.
The following are closing quotations :
No. 2
$ bbl. $2 50® 3 25
Superfine State aud
neat—
3 50® 4 00
Western
Extra State, &c
4 20®
Western spring wheat
4 35
4 15® 4 40
4 50® 5 75
extras
do XX and XXX...
Western winter ship¬
5 25®
4 25®
4
5
7
5
5 25®
4 50®
3 60®
6 00
5 00
3 85
2 00®
2 65®
2 40
2 75
4 30®
ping extras
4 85®
do XX and XXX...
Minnesota patents...
City shipping extras.
Southern bakers’ and
family brands
South’ll ship’g extras.
Rye flour, superfine..
Corn meal—
Western, &c
Brandywine, &c....
70
75
25
25
No.3,spring, $bu. $
No. 2 spring
Rejected spring..
Red winter, No. 2 1
White
No. 1 white
Corn—West, mixed
Western No. 2...
Yellow
White
89
93
73
91
®
®1 00
® 75
0SX4®1 08 ^
105
®1 11
1 lO1^®! 10%
45 ® 47
46*2®
47*2®
46%
48
50
52
®
Rye—Western
63
®
66
State and Canada
Oats—Mixed
White
66
30
35
®
®
®
68
33
41
Barley—Canada W
State, 4-rowed
State, 2-rowed
®
®
Peas—Can’da,b.&f.
70
..®
®
....
85
Receipts of flour and grain at Western lake and river ports
Aug. 9:
for the week ending
Flour,
Wheat,
bbls.
bush.
(196 lbs.) (60 lbs.)
At—
Chicago
34,472
Milwaukee
Toledo
Detroit
34,365
117
4,833
3,189
43,021
1,765
3,200
Cleveland
St. Lottis
Peoria
Duluth
Corn,
Oats,
bush.
bush.
Barley,
bush.
Rye,
bush.
(56 lbs.)
(32 lbs.) (48 lbs.) (56 lbs.)
616,422 1,910,844 420,648
8,803 113,937
69,620
762,179
449,224
42,850
600,299
65,420
18,140
20,360
148,679
1,900
35,500
241,830
2 48,860
13,100
33,850
44,253
8,152
9,600
144,060
170,800
4,175
13,410
4,028
1,120
1,023
1,500
1,800
4,612
.
Total receipts
for four years:
Flour
Wheat
Corn
Oats
Barley
Rye.
.bbls.
bush.
at
same
ports from Jan. 1 to Aug. 9, inclusive,
1879.
1878.
1877.
1876.
3,869,901
3,363,076
2,421,668
3,113,197
42,622,029
58,160,289
17,906.430
38,090,051
57,942,336
16,424,798
12,010,948
48,376,534
11,438,727
2,157,358
2,993,926
2,768,131
2,089,787
2,316,975
Total
1,232,148
39,000
5,510
226,190 6,449,072 1,133,944
196,440 6,041,904 1,401,330
215,023 3,123,223 2,467,830
180,695
902,622 2,217,668
431,661
285,736
478,457
229,702
And from Jan. 1 to
1,000
4,200
9,100
12,450
39,838
83,438
76,774
66,810
35,223
Aug. 9, inclusive, for four years:
1876.
1878.
1877.
Hour
bbls.
5,900,400
5,066,629
3,836,520
5,413,144
Wheat
Corn
Oats
bush.
65,552,597
71,332,063
12,655,208
7,504,481
50,253,565
10,009,923
27,000,153
52,628,348
14,859,645
1879.
Barley
Rye
1,745,257
46,775,665
70,689,834
12,449,613
2,437,832
2,069,953
2,667,655
765,548
2,009,954
2,295,986
Total
153,531,111
135,020,649
70,593,470
97,350,390
852,290
Exports from United States seaboard ports and from Montreal,
ending Aug. 9:
for week
From—
New York
Boston
Portland
Montreal
Flour,
Wheat,
Corn,
Oats,
Rye,
Peas,
bbls.
bush.
bush.
bush.
bush.
bush.
62,697
IS,067
’
443,644
2,267,060
81,438
124,836
87
.
Philadelphia..
11,3oo
2,300
5,758
Total for w’k 100,264
Previous week. 116,375
Two weeks ago 106,809
Same time ’78. 71,772
297,481
544,600
1,348,833
.
111,004
30,080
5,949
119,829
178,026
225
30,080
6,174
977,339
4,536,417.
9,709 12,273 74,262
929,213
4,554,206
253 28,303
2,848,493 1,601,681 16,451
2,606,356 2,062,468 113,734 130,585 121,023
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, Aug. 9, was as
The visible
at the
follows:
In Store at—
New York
Do. afloat (est.)
Wheat,
Corn,
Oats,
bush.
bush.
bush.
2,188,576
Albany
1,052,000
2,800
Buffalo
230,023
1,604,396 369,891
282,000 185,000
13,000
26,000
545,892 *
1,744,525 3,367,145
Chicago
Milwaukee
Duluth
Toledo
Detroit
346,485
46,801
471,779
280,832
13,971
10,709
229,690
5,357
Oswego
195,000
210.000
499,228
203,229
95,937
8t. Louis
Boston
Toronto
Montreal (30th)..
Baltimore
Rail shipments...
Lake shipments..
On Canal (est.) ...
Total
Aug. 2,’79
July 26, ’79
July 19, ’79
Julv 12, ’79
Aug. 10,’78
Rye,
bush.
44,093
64,794
6,200
85,325
13,000
38,781
125,528
5,343
70,788
19,142
46,069
2,580
6,130
4,535
143,169
114,160
9,666
5,900
86
21,000
3,000
3,000
10,330
70
400
258,637
111,318
919
40,500
28,900
80,963
58,950
4,903
804,112
407,477
2,063,274, 1,575,400
1,872,000 1,215,000
610,062
11,285
170,000
146,800
189,492
Indianapolis
Kansas City
bush.
40,191
87,298
64,684
Peoria
604,384
193,960
Barley,
38,141
33,710
693,450
Philadelphia
40,410
Total
124,962 2,621,154 2,621,073
831,363 16,621 178,247
Previous week
127,074 2,732,407 2,811,109 1,013,179 16,335 129,702
Same time ’78..
84,131 2,091,600 2,921,774 1,129,330 38,360 16,982
2,758
...
Total week.....
Previous week...
Cor. week ’78....
Cor. week’77....
103,600
17,467 1,850,600
11,350
86,125
...
Baltimore
GRAIN.
FLOUR.
Baltimore
New Orleans..
1,911,269
17,300
238, uOO
484,133
15,189,594 11,436,314 1.914,487
16,400
1,021
1,966*
6,996
46,735
61,448
33,000
313,424
11,099,554 1,762,250 324,929
10,068,258 1,441,877 330,601
10,796,086 1,536,901 357,879
11,757,399 1,489,490 380,475
6,527,058 8,301,835 1,812,354 1,070,557
14,352,416
14,696,281
13.473,847
11,701,597
479,114
462,436
318,393
341,743
329,9~9
407,415
THE DAY GOODS TIADE.
Friday, P. M., Aug. 15,
1879.
past week has witnessed a fair movement in both domes¬
foreign dry goods from first hands, but there was less
3,011,673 buoyancy in the demand than has sometimes been observed at
1,111,293
this time of year, owing probably to the fact that jobbers have
83,277,157 not yet distributed their heavy purchases of last May and June.
27,951,092
46,661,667
14,541,432
The
tic and
grain.... 123,535,893 117,768,086
75,826,538
Total receipts (crop movement) at the same ports from
to Aug. 9, inclusive, for four years:
Aug. 1 Operations in staple cotton goods, flannels and blankets were
comparatively light, and printed calicoes dragged somewhat;
1878-9.
1877-8.
1876-7.
1875-6.
Flour
bbls.
252,036
186,415
187,826
177,429 but such fall goods as worsted and cotton dress fabrics, ging¬
bush.
Wheat
5,356,561
4,083,064
1,719,423
1,506,956 hams, shawls, skirts, hosiery, knit underwear, &c., [were in.
Corn
5,432,182
5,438,183
5,678,939
4,257,319 liberal request. There was a further slight improvement in
Oats
1,844,542
1,863,757
792,860
704,724
Barley
41,234 the jobbing branches of the trade, and in this connection the
32,956
63,045
48,999
Rye
257,666
113,877 volume of business was fairly satisfactory for this early stage of
307,949
292,221
Total grain.... 12,974,190
6,624,110 the season. Values were maintained with a fair degree of
11,705,715
8,332,442
Comparative shipments of flour and grain from the same steadiness by manufacturers* agents and importers, but some
ports from Jan. 1 to Aug. 9, inclusive, for four years:
cutting” on brown and bleached cottons was resorted to by
1879.
1878.
1877.
1876.
Flour
bbls.
4,151,006
3,493,492
2,336,849
2,512,772 jobbers in order to give an impetus to business.
Domestic Cotton Goods.—The exports of cotton goods from,
bush.
Wheat
39.024,535. 32,765,826
26,575,521 >11,254,297
gom
51,001,696
50,421,773
42,777,382
42,072,438 this port to foreign markets during the week ending August 12
gats
13,352,703
10,559,827
12,816,400
8,431,412
Barley
2,071,652
1,617,271
1,242,775
2,118,633 were 1,562 packages, distributed as follows: Brazil, 640; Great
Rye
1,936,959
1,841,282
926,779
1,075,868 Britain, 556; Mexico, 74; Venezuela, 70; British North American.
Total grain.... 107,387,545
92,305,979
34,338,857
64,892,648 Colonies, 69; Argentine Republic, 58; Hayti, 30; &c. Prices o£
-
“
CHRONICLE.
THE
180
[VOL. XXIX.
Receipts of Leading Articles of Domestic Produce.
goods were fairly steady, but their upward tendency has
The following table, based upon daily reports made to the
apparently been checked by the late decrease in the demanc
New
York Produce Exchange, shows the receipts of leading
and the decline in the staple. Brown cottons were in moderate
request and steady in first hands, but some makes were jobbec articles of domestic produce in New York for the week ending
at relatively low figures.
Bleached cottons remained sluggish* with Tuesday last (corresponding with the week for exports);
and corset jeans quiet, but there was a fair demand for such also the receipts from January 1, 1879, to that day, and for the
colored cottons as ducks, denims, ticks and cheviots. Print corresponding period in 1878:
~
cloths were in moderate request at 4 l-16c. cash for 64x64s anc
Week ending
Since Jan. 1,
Same time
3%c. cash to 3 9-16c., less 1 per cent, for 56x60s. Prints were
last year.
1879.
Aug. 12.
quiet (aside from a few of the most popular makes, which met
94
....bbls.
4,179
2,818
with a fair distribution), but ginghams and cotton dress goods Ashes
655
....bbls.
Beans
45,174
42,143
continued fairly active.
Breadstuff's—
...bbls.
117,972
3,054,399
2,461,882
Flour, wheat
Domestic Woolen Goods. There was a comparatively light
bbls.
Com meal
3,387
103,646
127,486
demand for woolen goods and transactions were mostly con¬
Wheat
32,167,425
30,009,798
2,216,960
fined to making deliveries in execution of former orders. For
..bush.
43,512
1,409,761
2,072,508
Rye
..bush.
Corn
890,835
24,581,395
22,461,388
fancy cassimeres and suitings there was a limited inquiry and
.bush.
7,526,902
Oats
270,864
6,272,669
the best makes ruled steady in price. In worsted coatings
44,529
2,274,411
2,697,410
Barley and malt.. ...bush.
there was no movement of importance and selections of over¬
...bush.
Peas
2,204
238,777
457,867
..bales.
2,329
439,511
498,587
coatings were almost wholly restricted to small parcels of fancy- Cotton
15,511
backea and rough-faced makes. Cloths and doeskins ruled Cotton seed oil
Flax seed
6,728
2,391
.bags.
quiet, and there was an irregular demand for cloakings and Grass seed
658
96,412
122,426
No.
115,560
2,675
135,679
repellents. Kentucky jeans moved slowly and satinets were Hides
495
.bales.
88,163
79,859
lightly dealt in. Flannels and blankets remained quiet in first Hides
..bales.
2,672
45,840
50,229
hands but some improvement in the demand was reported by Hops
...sides.
Leather
2,611,876
93,852
2,574,528
jobbers. Woolen shawls and felt skirts were in moderate Lead
1,633
443,510
18
4,941
request, and there was a continued inquiry for worsted dress Molasses
cotton
.
.
..
*
..
.
fabrics which resulted in a considerable business.
Foreign Dry Goods.—There was a more active demand for
foreign goods by buyers for interior firms. Dress goods were
in better demand, and both staple and fancy makes were dis¬
posed of in increased quantities. Dress silks were more sought
for in low and medium grades, but millinery silks, velvets and
ribbons were devoid of animation.
Linen goods 'were in
moderate request and firm, but white goods ruled quiet and
embroideries
tinued fairly
somewhat less active. Cotton velvets con¬
active, and there was a steady demand for small
were
parcels of Italian cloths, satin de chenes, serges, &c.; but men’swear woolens dragged heavily.
Importations of Dry Goods.
Importations of dry goods at this port for the week ending
Aug. 14, 18*79, and for the corresponding weeks of 1878 and
1877, have been as follows:
The
ENTERED FOR CONSUMPTION FOR TIIE
1878.
1877.
Value.
PkgS.
1,126
935
710
659
401
Silk
Flax
Miscellaneous
486,949
268,956
444,261
1.104
127,825
1,012
165,488
600
472,815
306,918
535,698
228,543
109,651
1,038
868
4,652 1,653,625
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
678
420
204
491
191
238,816
68,181
72,720
83,254
17,516
1,557
480,487
100,729
27,637
1,450
1,573
610,949
434,942
1,018
662^433
1,302
280,351
155,891
848
6,191 2,145,066
THE
628
263
105
385
176
280,408
138,408
165,769
Value.
$
$
3,831 1,493,479
Total
Pkgs.
MARKET DUR¬
402
209
123
291
37
155,669
74,752
95,178
52,255
17,481
Total
Ent’d for consumpt.
712,951
1,984
3,831 1,4 93 479
4,632 1,653,625
1,062
395,335
6,191 2,115,006
market...
5,815 2,206,430
6,209 2.134,112
7,253 2,540,401
Total
on
ENTERED FOR WAREHOUSE DURING
Manufactures of—
Wool
Cotton
685
303
184
5 43
181
-
Silk
Flax
Miscellaneous
637
189
105
312
35
286,501
97,68 4
176,755
104,636
4 4,370
80,9 18
66,915
16,333
464
177,540
116
100
324
39,922
96,003
89.2S0
45,007
3,099
Ent’d for consumpt.
709,946
1,896
3,831 1,493,479
432,012
1,278
4,652 1,653,625
Total at the port...
5,727 2,203,425
5,930 2,085,637 10,294 2,592,823
Total
4,103
447,757
6,191 2,145,066
Exports of Provisions.
following are the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland, and New
Orleans, for the week ending Aug. 9, 1879, and their distribution;
The
To—
laverpool....
Pork,
Beef,
Lard,
Bacon,
Cheese,
Tallow,
bbls.
bbls.
lbs.
lbs.
lbs.
lbs.
1,426
Txmdon
12
Glasgow
91
Bristol
Hull
W- Hartlepool
British ports.
Antwerp....
Rotterdam...
Bremen
TT^mlmrg
,
315
115
25
25
.
977
287
498
447
100
75,
50
_ _ _.
TTavre
"M”arftP.ille.fi
64,280
360,466
409,480
8,318,093 3,676,722
406,250
208,185
589,350
593,825
118,750
235,925
1,377,975
435,500
128,250
237.500
993,540
73,560
307,082
22,000
110,000
44,000
13,000
660,000
137,500
958^853
743,680
509
ios
292,378
424
351
743,527
1,375
400
6,055
Previous w’k
6 910
3,314
3,02 9
46,11G
371,147
5,057
10,051
7.482
320
235
13,790
5,130,925'13,892,524
47,652
.pkgs.
1,773
169,197
172,881
474
24,830
1,123,199
858,183
1,403,489
320,811
505,134
40,763
49,869
24,289
36,082
819,286
709,672
1,724,909
.pkgs.
2,793
Oil, lard
Oil, whale
...bbls.
.
18,349
2,793
...
783
5,080,840 3,189,360
7,015,839 13,189,463 8,456,293
183
105
.
.
..pkgs.
..pkgs.
..pkgs.
-pkgs.
30,239
26,595
85,071
5,700
12,570
4,476
.
...bbls.
tcs. & bbls.
Eggs
Lard
Lard
.kegs.
.
....No,
Hogs, dressed
Rice
•
505,108
•
•
•
-
•
395
.pkgs.
.
277
560
Spelter
68
...bbls.
hhds.
Sugar
Sugar
101
.
pkgs.
1,419
Tobacco
Tobacco
boxes & eases.
„.hhds.
6,198
Whiskey
...bbls.
Tallow
.
1,923
49,143
246,796
13,011
1,438
273,982
10,927
.galls.
.
-
3,433
2,302
1,443
Wool
345,518
521,358
-
27,566
19,807
19,549
62,816
19,075
1,235
30,186
62,528
99,954
53,131
173,432
80,305
Exportsot Leading Articles of Domestic
14,513
647
13,928
51,658
116,724
91,826
121,213
59,526
Prod xce.
following table, based upon Custom House returns, shows
exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1879, to the same day, and for the
The
the
corresponding period in 1878:
Week
ending
Aug. 12.
bbls.
bbls.
lbs.
Ashes, pots
Ashes, pearls
Flour, wheat
Flour, rye
Corn meal
Wheat
..
Rye
Oats
Rosin
Tar
Pitch
Oil cake
Oils—
Whale
Sperm
Petroleum
170
440
28,678
119,534
47,350
1,799,342
1,508,205
213
4,279
100,236
31,030,017
2,428,190
135,579
27,101,173
2,115
2,109,214
73,780
3,222
2,564.907
222
412
...bales.
.pkgs.
6,707
1,562
1,500
...bales.
747
bbls.
bbls.
....bbls.
100
135
256
6,228
2,962
115,836
....bbls.
165
4,754
60
■
...
...
gals.
....gals.
....gals.
....gals.
gals.
.bbls.
.bbls.
.tierces.
...
...
Butter.
Cheese
Lard
Rice
lbs
Tallow
...Ubds.
Tobacco, leaf
Tobacco
bales and cases.
Tobacco, manufactured, lbs.
lbs.
Whalebone
2,086,031
1,515,149
3u6,112
18,239,911
29,148
35,532
269,469
96,508
41,647
37,515
70
3,358
11,127
152,511
5,551
4,028
3,357
1,010,407
1,386,504
268,345
449,895
839,306
4,409
92
201,436
95,562
833,496
6,741
6,412,134
143,119,095
110,977,173
4,407
148,730
799
850
32.511
8,464,429
378,905,200
156,406
31,123
40,200
315,040,663
12,292,047
95
37,661
Provisions—
Pork
Beef
Beef
2,986
287,712
..
Spirits turpentine.
978
98
.pkgs.
..
Naval Stores—
Crude turpentine
last year.
1,046
1,175
Peas
Hay
Hops
Same time
1879.
...busb.
..
Corn
Candles
Coal
Cotton
Domestics
Since Jan. 1,
365,210
101,870
230,805
21,081,679
37,531
49,324
170,781
79,362
42,888
18,429
..
Barley
bbls.
bbls.
bbls.
.busb.
busli.
.busli.
.busli.
Cutmeats
982,571
838,000
2.05 t
1,433
66,644
5,162
Linseed
77,000
3,180
.bush.
728
...bbls.
...bbls.
...bbls.
Lard
6,000
25,750
78,240
108,000
Total week..
66,760
474,000
30^470
50
Ttaiy
Cont’l ports..
S.&C America
West Indies..
Br. N. A. Col.
Oth’rcountr’s
1,706,269
1,840
147,000
51,000
30,000
37
Rosin
Tar
Pitch
Oil cake
Peanuts
Provisions—
Pork
Beef
Cutmeats
Butter
Cheese
112,591
1,215
42,948
192,497
14,957
1,436
264,033
11,790
..
Beeswax
Breadstuff's—
SAME I’ERIOD.
215,130
52,680
155
681
Turpentine, crude. ...bbls.
bbls.
Turpentine, spirits
Stearine
1879.
Value.
Pkgs.
$
Manufactures of—
Wool
Cottou
14, 1879.
WEEK ENDING AUG.
75,432
...bbls.
Molasses
Naval Stores—
381,566
4,050,786
2,134,036
89
1,903,350
1,466
35,019
19,196,486
85,976,362
159,310,372
9,944
42,896,853
33,225
638
16,595
46,004
4,193,041
40,510
6,117
'
85,574,268
178,440,365
14,526
48,021,438
01,918
46,551
4,399,610
85,789
August 16,
,
THE CHRONICLE.
1879.]
GUNNIES.—See report under Cotton
GENERAL
...
V ».
North River shinning..
4*»
BREADS!’ 0FF8—See special report.
BUILDING MATERIALS—
Bricks—Common hard,afloat..V M
6 75
9 50
ft 28 00
ft
ft
ft
ft 60 00
ft 22 00
SO
ft
7 oO
Groton
Ash. good
Black walnut
Spruce boards A planks, each
Hemlock boards. each
22 00
90
70
35 00
35 00
18
14
16
00
25
50
50
50
ft
VM. ft. 20 00
Maple
Sails—:oa60d.ccm,fen. A sh.fi keg
Clinch, 1 >4 to 3 in. A longer
3 73
ft 45
ft 2
ft 4
ft 4
ft 2
....
3d fine
Gatspikes,allslzes
7
ft
6*
3
8*
S*
1 40
12* »
r
..
CHEESE—
Btate factory, fair to prime,old. Vft
Ohio flat, fair to fine
“
ft ton.
15
15
0
ft
e
12*
8 00
a
Liverpool housecannel
1100ft
Anthbaoitx—The following will show prices at
schedule rates; the names im¬
mediately above the figures indicate the places of
...
Egg
D.& H.
Auction.
Aug. 3.
Weehawkea.
$
2 CO
2 12*
2 3i*
do good,
do prime,
Vft
do
do
“
"
"
“
Mexican
Jamaica
Maracaibo
"
*
“
Lagnayra
“
St. Domingo
Bavacllla
Costa Rica
“
12
14
* »
Bolts
American Ingot, Lake
COTTON—See special report.
DRUGS A DYES-
Montevideo,
V 100 ft.
V n>.
Arsenic,powdered
Bicarb.soda,Newcastle
Blcbro. potash....
Bleaching powder
Brimstone, 2u »s A 3rds
Brimstone, Am. roll
2
3 50
f»o>.
V K0 n>.
\ 2u
per
ft
ft
ft
ft
17
17
21
22
24
1C*
ton.
..
Vgal.
38 100 n>.
“
• ••••
ft
ft
ft
..
3 25
ft
ft
51
tartar, powdered
Cubebs, East India
29*2
Cream
IS
Catch
Per 100 lbs.
Gambler
Glycerine, American pure
ft
22
3 CO
25“
90
3 5)
69
55
-.9
16
.5** „-6*
3 75
„
3 62* ft
1 0, ft
!5 a
a
1 15
16
23
23
a
MU
24
a
ft
30
22
paste,Calabria
paste,81cily
25
Madder, Dutch...
Madder, French,
30
6*®
4
OH vitriol (86 Brimstone)
a
i*a
(in bond).
a
...
21* a
3f
3 so
Rhubarb, China,good to pr
Sal soda, Newcastle
fliuo lb.
Shell Lac, 2d A 1st English
.$Tb.
Seda ash.....
V 100 ft.
Mackerel, No. l,vf. shore
Mackerel, No. 1, Bay#.
....
....a
15
5*ft
3 £0
tit
•
...
4 <5
ft
ft
a
6 00
8 30
1 4
do
Loose
do
Valencia
Currants
Citron
Prunes, Turkish, new
do
French
Dates
Figs, new
Canton Ginger....
Sardines, V half l ui
Sara in ex, V quarter box^fl
Macaroni, Italian.,.,....
Domestic Dried--
1 57*ft
7 ft
.
f%
o
_
4
13*0
V case.
..f) ft
V ft.
State, sliced,;
do
quarters
Peaches, pared, Ga.,eoed to ch’ce..
do
uupared, halves and qrs...
do
do
Blackberries
Rasphc ries (new
Cberrlex, P tteu, u. > .Mdxeq (ne-*)..
10
ft
4
H
ft
ft
5 50
ft
16*a
10* ft
11
14
18*
P
16*
11
ft
S ft
...ft
3 ft
3 ft
9 ft
* 3 ft
5 ft
26
.
12
10
Whortleberries (neTf)....u
ft
ft
ft
22
2i*ft
22
21
20
20
do....
19*ft
do....
do....
Matamoras.
do
Wet Salted—Buen. Ay, selected
Para,
do....
California,
do....
Texas,
do....
A. /. stock—Cal., slaught. cow.
ft
20
20
17
..
ft
ft
20*
ft
13
12
9
10
11
12
10
9*e
8*«
9*®
9
ft
ft
10
Calcutta, dead green
g ft
ft
Calcutta, buffalo
b
4
5*
27
Foreign
1
ft
ft
4>*ft
2 05
1 75
1 65
2 ID
2 15
1 65
45*
1
ft
ft
...
8
Pepper, Batavia
do
Singapore
do
Yearlings
do
Batavia
Ginger, African
do
Calcutta
Mace.
51
....ft
Pig .American, No. 1
fi ton.
....ft
18 50 ft
Pig, American,No.2
Pig, American, Forge
17 00 ft
Pig, Scotcn......................... 20 00 ft
Bar refined,
American blister....'
American cast, Tool
20 CO
19 00
18 OO
22 00
.
ft
ft
20
rough
Slaughter crop
24
29
23
“
“
Oak. rough
Texas, crop
21*
•*
Cotfee, A, standard
“
32
28
29
do
od A
White extra C
Extra C
M
Ql*
do
V gal.
18
21
23
2D
23
“
“
“
Demerara
Porto Rico
“
*■
do
50 test
N. O., com. to choice
“
ft
ft
25
ca
®
@
24*
a
34
ft
2 00
2 00
l 90
ft
26
®
ft
ft
ft
ft
3 12* ft
4 50 ft
1 85
135
1
3
1
4
5
V lb
....
Pecan
55 ft
....ft
....ft
11 ft
7 ft
OAKUM—Navy,U.S. Navy & best tiMb.
OILS—
Cotton seed, crude
Olive, in casks V gall
LlnBeed,casks and bbls
Menhaden, crude Sound,....
gal.
“
“
“
Nearsloot, No. l to extra
Whale,bleached winter
Whale, crude Northern
Sperm,crude
Sperm, bleached winter
“
**
“
"
Lard oil. Nos. 1 and 2
“
“
;*a
S3
1 00
64
ft
ft
ft
ft
55 ®
42 ft
33 ft
75 ft
90 ft
....ft
26
3J*
10
*
Naphtha,City, bhls
5ft
“
“
9
“
4ft
ft
;V bbl.
•'
Pork, extra prime
Pork,prime mess,West........ *•
Beet, p ain mess
"
Beef, extra mess.
“
Beef h&Tri8,Western ...
**
Bacon, West, long clear
V a>
Hams.smoked
Lard. City steam,....
“
..
“
7*
9
11*
12
Re-reeled Tsatlees.best
12
Re-reeled Canton Congoun, No. 1...
....
36
1 05
64
27
75
44
40
f>2>
6X
Sup’rtofine
do
Ex.fine to finest
Superior to fine
«...
.
Ex flneto finest
Choicest
.
Cong.,Com. to fair
8.ip’rto fine
Ex.flneto finest
Choicest
fll.
*•
...fibx.
“
15
fift
2
12
15
(
5 75
ft
ft
72*<ft
80
«
11
#
a
14
82
84
3i
35
a
a
ft
ft
a
a
Interior
Burry
15
Am.Merino, unwashed
Heavy goods. **ton.
Corn,'.' ’tichgs. T v.
sTheat, u.k & hasBeei-.
V* t«;i_
•» bV.
.
ft
ft
a
ft
13
Crt
....
80
80
80
.4
d.
.d.
....a
7-22
8.
...«
25 0
ft
i
..ftu
29
26
20
8AI
3-16®
2 9
80 0
.ft
26
26
*
0 3 0
ft 17 6
40
41
40
40
25
17
27*
—STBAM.—,
s. d.
j». a.
s
ft
24
22
18
FRE1GHTB—
TO LiVKBPOOL:
Cotton
f) a.
V bbl.
Flour
(
..
.
5 62*
12
fift
Cape Good Hope, unwashed
Texas, fine. Eastern
Texas, medium, Eastern
Smyrna, unwashed
6 25
«
18
Sonth
IS*
4*ft
Fair
un
♦
(ft
5
5 5J
American,Combing and Delaine...,
Extra,Pulled....
No.l, Pulled
California, Spring ClipSuperior, an washed
0 UO
a
*
WOOLAmerican XX
American, Nos. 1 A 2
r
a
0
14*4
12* ft
Bright wrappers, common to fine.
lara, 1 aud 11 ruts, assorted
Havana, com.to tine
Manufac’d,ln
bond, black work
“
“
bright work
s if
<»
n*
*•
Dark wrapper*
ft
ft
22
£9
48
70
25
39
50
80
23
S3
45
13
15
18
28
39
17 e
r-5 a
35 «
55 <3
18 iy
27 ft
40 ft
55 (g
leaf,
“
com. to fine.
Virginia Leaf—
Lugs, common to fine
3 35
ft
a
33
12
14
.
Kentucky IngB, heavy
•.
ft
27
ao
TOBACCO—
5
a
..
English,refined
Plates. I. C., eoxe
Plates.char.terae, 14x20
6
10
ft
a
38
55
17
30
48
60
18
Hyson 8kin.A Twan. com. to fair.
do
do
Sup.to fine
do
do
Ex fine to finest
Uncolored Japan .Com.to talr..,,
do
....
22
32
40
a
25
TIN—
Banca
Straits
73
a
a
Nominal.
SuD.to fine
Extraflne toftnest
do
93
5 50
S*
•X
ft
17
25
35
Ex. fine to finest
do
ft 9 OO
>0
...ft
10 25 ft 11 CO
11 50 ft 12 10
18 0J ft 18 5J
5 ft
10 ft
11
5-95 ft
ft
8*
• •••
5X©
Choicest
do
do
Souc.A
8 95
5 25
6
Sunpowder,com to fair
do
8up.tofine
do
do
do
SILK—
....
8^®
f*ft
9* a
8*4
7* ft
7*ft
7* ft
6^4
Oolong, Common to lair
10
VA.
6*H
7*
Louisiana, prime to choice
“
6*ft
•H
3 ft
Rangoon, In bond
¥ 10C lb
3*
SALTTurk’s Island
V bush.
23 @
25
St. Martin
....ft
Livernoo) .Ashton’s fine
V sack.
....ft 2 50
SALTPETRE—.
Refined, pare
V Tb
6ft
9
Crude..
.per 100 lb. 5 25 ft 5 50
3 50 ft 3 62*
Nitrate soda
“
“
rattlleex, ko. 2
Tuysaams, No. 1
8 %*
Extra fine to finest
do
Choicest
Young Hyson,Com.to fair
do
Super.to flue
do
Ex.flneto finest
8
RICE—
Carolina, fair to prime.,
1 *
11
ft
7*4
do
do
6* ft
...
6
ft ft.
“
V gal.
5
8
l**
ft
4* ft
«»
Uyson.CommoB to fair
do
Superior to fine
no
City, thin oblong,bags
7R ton.
...ft
Western, thin oblong (Dom.).
"
23 50 ft
Cases
Refined
i*
6*
7
Choicest
Imperial, Com .to fair
50
25
U0
OIL CAKE—
Crude, In shipping order
6*®
6* ft
“
do
26*
NUTS-
Alinonds, Jordan shelled
Brazil, (new)
Fll »erts, »iuily
Walnuts, Naples
6*
TEA—
23
40
1 75
1 75
6 ft
....9
....ft
•*
Prime city
24*
NAVAL STORES—
Tar, Washington
fi bbl.
Tar, Wilmington
•*
Pitch, city
“
Spirits turpentine
W gal;
Rosin, strained to good strd.fi bbl
*•
low No. 1 to geod No. 1
“
••
low No. 2 to good l*o 2
“
"
low pale to extra pa’e.. “
*•
window glass
"
10
TALLOW—
20
ft
ft
16
...
••
*
10*
‘•H
....ft
....ft
...ft
a
M®
“
...
ft
10* ft
“
“
Yellow
.
9
••
“
cut loaf
MOLASSES—
Cuba, clayed
Cuba, Mas.,50 test
6*ft
..
Hard, powdered
do granulated
23
ft
ft
ft
®
28
,
23
32
®
19*®
l-‘*i
••
Store Prices.
I4*<a
if
“
“
“
’*
Brazil, Nos. 9ftll
Refined—Hard, crushed
LEATHER—
Hemlock.Bnen, A’res,h.,m.& l.f»Ib.
California, h., m. A 1
common hide,h.,m. Al....
2 00
1 07
SHGAKInferior to common refining....ft ft.
“
Fair
Good ietl.ua-.
“
Porto Rico, refln.. fair to prime “
Boxes, clayed. Nos. 10@12
“
Ceutrifugal, Nos. 7@13
“
Melado
“
Manila, sup. and ex. sup
"
Batavia. Nos l'!@12
“
ft
4 12*fe
V lb
3 90
1 98 ft
1 16*0
*•
American cast spring
American machinery
American German spring
LEAD—
**
“
3 25
English, spring,2d & 1st quality.. “
English blister,2d A 1st quality..
English machinery
“
English German,2d A-1st quality “
Eng. and Amer per ton.
Sheet, Russia, 8 to U
%<&>
H*ft
12
39 00 ft 43 0;
Rails, American, at tide-water
Steel rails, American, at tide water. 49 (0 ft 59 UC
V. 100 lbs
V gall.
Gt
ft
ft
English,cast,2dAlstquality ....ftft.
Store Prices,
....ft
0
18 50 ft 18 00
Bar, Swedes, ordinary sizes... V lb.
2 75
? 60
3 60
STEEL-
IRON--
is
ft
S 80
“
Whiskey
....ft
a*
«
4 00
•*
Irish
Domestic liquors—
Alcohol, cuty paid
56*ft
53*ft
7*
15*«
gold.
ft 17 00
ft 8 00
8 50 ft
4 00
y gall.
*•
*•
•*
do
ft
...
....ft
...
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix, 3d proof
12*
....ft
93
stems
SPIRITS—
52
75
ft
40
Whiskey, Scotch
ft
@
62*3
92
unall
do
18*
n*
17*
....ft
Nutmegs, la-g-*
do
•••
12
19 ft
....®
....@
....®
Gin
Domestic, common
Bar (discount, 10 p. c.)
•
Cassia, China Llgnea
INDIA RUBBER68
9 00
y b
white
Cloves
9
19
12
11
5
10
ft
ft
SPICES—
8*
7 ft
10 ft
S ft
8 @
3 ft
4 ft
Olds, all growths
Ordinary foreign
5 25
5
3 00
...
Pimento, Jamaica
HOPSNew Yorks, new crop, low to fair...
do
new crop, med. to choice
Eastern
Western
*•
100 ft.
Domestic, common
Domestic refined
20*
PROVISIONS—
1 47*
1 67*
1 60
1 '*5
Flaxseed, American, rough
Linseed, Calcutta....,
7R 56 ».
Linseed, Bombay
V 1$ a.
*
60*'ft
1
Hemp, foreign
ft
do....
Orinoco,
California,
Pork, mess,spot
Raisins,Seedless, per SOlb.lrall
do
Layers
6*1
ft bush.
Canary, 8nanieh
Canary, Duich
....
PETROLSUM-
a
FRUIT—
Apples, Southern, sliced
do
do
quarters
3 80
25
40
a
a
i6
155
5 00
Mackerel, No. 2, Bay
20
2
2 (0
1 05
24
1 (0
....«
pr.bbl.
Mackerel,No.2 MasB.shore
a
a
a
as
Sugar of lead, white,prime.... f»lb.
Vitriol, blue.common
FISH—
Gr’d Bk.A George’s (new) cod.fi qtl.
7*
4*
a
19
Opium,Turkey
12*
15 62*4 15 75
57
Ginseng
2 CO
1 25“
ft
.ft 24 00
Cochineal, Mexican
15*
11*
11*4
2*ft
Cochineal,Honduras, silver
Damsons
15
17
ft
12
2J
filOoib.
Camphor refined
Castor oil. K.I. in bond
do
15*
ft
1 F7*a
21
do....
Corrientes,
Rio Grande,
Sheet
jam.
SPELTER—
Dry—Buenos Ayres^elected.. VJb.
Barbadoes
Aloes, Barbadoes
Plums,«rate
16
_
Alum, lump. Am
Aloes, Cape
_
14*
25*
ft
.ft
ft
1 *a
Sheathing, new (overl2 oz*
Braziers*(over l«oz.)
Caustic soda
Chlorate potash
II*
IS*
10* i
“
‘
COPPER—
__
SO
....a
....a
....ft
....ft
24 ft
14 e
14 ft
12
12 ft
13 'it
"
Java, mats
Native Ceylon
Jalap
5)
__
Rlo, ord.car
do fair,
do
Licorice
Licorice
20
30
2
2 72*@2 75
2 55 @2 57*
tor delivery
quotations are for Wilkesbarre coal.
2 25
COFFEE-
2n
..
Stove.... 2 10
Ch’nut... 2 35
§ L. A W.
5 L. A w.
Schedule.
Port
Johrist’n.
160 00
3V®
Honduras, sfreet
Mexican, sheet
5*
534
COft
I Oft
o;)ft
00ft
7*®
HIDES—
delivery;
a
A
4*ft
434ft
Liverpool gae cannel
D.L.AW.
Penn.
Schedule. Auction.
NewJuly 30.
Hoboken.
burg.*
St’mb... |4 -0
Grate..., 2 20
12
Clover, Western
Clover, New fork State
Timothy
Canary, Smyrna..
Canary, Sicily
50
ft
5*«
last auction or present
CO All—
145
L5
no
259
ftn>.
Para, fine
Para, coarse
Esmeralda, pressed, strip
Guayaquil, pessed, strip
Panama strip
Carthagena, Dressed
Nicaragua, afreet
Nicaragua, Bcrap
5
45
...
125
14
11
9
HEMP AND JUl'E—
American dressed
American undressed
Russia clean
;
* 100 ft
1
ft 45 00
a 45 00
0150 00
25
ft
75 00
.
Italian
Manila
Sisal
Jute
«<
•
40 00
18 90
22
Paris white. Eng.cliCLione V luO ft.
BUTTER— (Wholesale Price**—
State, palls & tubs, fair to cbce.V ft.
West’n creamery good to prime “
Welsh, State, fair to choice..
'•
Western dairy, fair to choice., “
•
•
90
Faints—Ld., in oil, com., price, fl P.
Lead, dry, combination, piles....
Sine, ox de, dry
Sine, French, green seil
4*
ft
ft
2 50
Philadelphia....
Cement— Rosendaie
V bbl.
Lime— Rockland common....V bbl.
Rockland, finishing
Lumber—Plne.g’d to ex.dry.V M It.
Pine, shipping, box
do tally boards, com.to g’d,each.
Oak......
..* M.It.
SEEDS—
HAY-
PRICES CURRENT
APotf^Teorted
181
>.».©
r
.
.
.
A
<
9
1) 0
3
8
Financial.
WALSTON H.
Walston H. Brown & Bro.
BANKERS,
Commercial Cards.
ONLY
BrinckerholT, Turner
SPECIAL ATTENTION GIVEN TO
Trans-Atlantic Company’*
The General
Mail Steamships,
THE NEGOT1A
Trask
And all kinds of
NEW
AND HAVRE.
YORK
The splendid vessels on this favorite route for the
Continent—cabins provided with electric bells—will
sail from Pier (new) 'No. 42 North River, foot of
Morton street, as follows :
,,
Francis,
_
BROKERS,
AMERIQUE, Delord
celved
on
twelve months.
For passage and
favorable terms.
STOCK
AND
BOND
DE BEBIAN,
55 Broadway.
Agent,
Atlas Mail Line.
Calling at
(Jam.), Cape
Hayti, Gonaives, St. Marc, Port au Prince, Aux
Special attention paid to investment orders for Cayes and Jacmel, in Hayti; Santa Martha, Savanilla, Carthagena and Aspinwall, in Colombia; and
miscellaneous Stocks and Bonds.
Greytown, Nicaragua.
Regular Fortnightly Sailings from Pier No. 51
North River as follows :
For Hayti, Colombia, Greytown, Port Limon, Aspin¬
A. H. Brown &
For West Indies and South America,
the following ports, viz.: Kingston
Co.,
7 Wall
wall, Panama, and South Pacific Ports :
ANDES
Aug. 27 | AILSA
For Kingston (Jana.). Hayti and Maracaibo :
Aug. 21 I CLARIBEL
ALPS
Superior first-class passenger accommodations.
and brokers,
St., Cor. New, New
York,
PlM, FORWOOD & CO., Agents,
INVESTMENT SECURITIES.
8peclal attention to business of country
No. 37 Wall
The
SALES of all classes
AND
STOCKS
of
BONDS,
Head Office, Hong
43 &
Hong Kong, Canton, Amoy,
J.
30 Central Street.
\
jQp Wall St.. N.Y
Wire
Rope.
STEEL AND CHARCOAL
Regular Auction Sales of all classes
AND
STOCKS
EVERY MONDAY
Shirts and
From Various
Ships’ Rigging, Suspension
Co.,
Bridges, Derrick Guys,Ferry
Ropes, &c.
A large stock
constantly on hand from
which any desired length
cut. FLAT STEEL AND
IRON ROPES for Minin*
are
BOSTON,
15 Chadnoey St.
George A. Clark & Bro.,
order.
JOHN W. MASON Sc CO.,
43 Broadway* New York.
MARINE AND INLAND
BONDS
AND
A
Wm.
John Dwight & Co.,
MANUFACTURERS OF
SUPER-CARBONATE
BROKER,
SECURITIES
SODA.
New York1
Jobbing Trade ONLY Supplied.
No.
The
II
Old
Fisher & Sons,
And Dealers in Governments,
Investment Securities,
Slip,
a
BANKERS,
George Mosle,
Edward F. Daviscm,
Henry DeB. Routh,
E. H. R. Lyman,
Henry R. Kunhardt,
Hugh Auchincloss,
Lawrence Wells,'
Wil iam Pohlmann,
OF
SPECIALTY.
State, Municipal and Hallway Honda and Coupons
bought and sold at best market rate''. Investors or
dealers wishing to uuy or sell are Invited to communi¬
cate with us.
Member of the New York cLock Exchange.
$1,123,270 63.
TRUSTEES.
Street, New York City,
SOUTHERN
1878,
Assets, 31st December,
AND
HELIX NEEDLES.
BROADWAY, NEW YORK.
MIL WARD’S
CO.,
St.* New York.
Pine
Wall
OF THE
Mutual Insurance Co.
AND THURSDAY,
II. NICOLAY &
BANKER
14
INSURANCE.
ORIENT
ef
John B. Manning,
No.
manufactured to
purposes
Drawers
Mills.
Transmission
Power, &c.
Also Q©i
vanned Charcoal and BBfor
of
PHILADELPHIA,
DAYTON. 23(1 (’hertvtit 8trket.
400
43
MINING AND
HOISTING PURPOSES, in¬
Insurance.
Our Established Days 28 Years,
Special Sales on other days when required.
No.
superior quality
of
suitable for
OFFICE
ALBERT
Foochow
Shanghai and Hankow, China.
Boston Agency,
) New York Agency,
S. W. POMEROY Jb..
MURRAY FORBESA
AUCTION.
AT
Or
59 Wall St., N. Y.
COMMISSION
MERCHANTS
AND SHIP AGENT
Victory Mfg Co.,
NEW YORK, 15 Wuitk Street.
J. W
Stocks and Bonds
our
Jb’..
Russell & Co.,
AND
Hosiery.
ALBERT H. NICOLAY, Auctioneer
We hold
-
GENT
Street.
AGENT S
FOR
Washington Mills* Chicopee Mfg
Burlington Woolen Co.*
LCUertou New Mills,
Atlantic Co ton Mills,
PINE STREET, NEW YORK.
No. 7
Banking Corporation,
Kong.
E.R.Mudge,Sawyer&Co
SATURDAYS.
MULLER & SON,
ADRIAN II.
Shanghai
clined Planes,
Saratoga
stock.
Street.
Hong Kong &
Cards.
Commercial
ON
WEDNESDAYS AND
Dnane
IKON
REGULAR AUCTION
hold
undersigned
No. 109
banks.
STOCKS and BONDS
At Auction.
Company.
snpply all Widths and Colors always in
S. W POMEROY
BROKER,
HARTFORD, CONN.
bankers
A full
States Bunting
A
STREET (HILLS BLOCK),
MAIN
333
Blakeslee,
F.
B.
freight apply to
LOUIS
▲iso, Agents
United
.
,
„
Deposits Received and Interest Allowed.
Hr* Accounts of Country Banks and Bankers re
LNG, BAGGING. RAVENS DUCK, SAIL TWIN£8
&C. “ ONTARIO ’ SEAMLESS BAGS,
“AWNJNG STRIPES.’
.
Wed.. Aug. 20, 7 A. M.
FRANCE, Trudelle
Wed.. Aug. 27,2 P. M.
TO Broadway & 15 New St., New York CANADA, Franguel
Wed., Sept. 3. 6:30 P. M.
PRICE OF PASSAGE, (including wine):
Transact a General Banking Business.
To Havre—First cabin, $100; second cabin, $65:
STOCKS, BONDS and GOLD Bought and Sold on third cabin, $35; steerage, $26, including wine, bed¬
ding and utensils.
,
Commission, and carried on Margins.
Return tickets at very reduced rates, available for
AND
BANKERS
DUCK, CAR COVER
COTTON CANVAS, FELTING
SECURITIES.
&
Co.,
COTTON SAIL DUCK
BETWEEN
TION OF
RAILROAD
&
Direct Line to France.
'Manufacturers and Dealers in
Street, New York,
Pine
11
Steamships.
FEED. A. BBOWN.
BBOWN.
[VOL. XXIX
CHRONICLE
THE
182
Alexander Hamilton,
Constantin Meielas,
Carl L. Recknagel,
W. F. Ca*y, Jr.,
Alex. M. Lawrence,
J< hn D. Dix,
Charles Munzinger,
Walter Watson,
> rnei-to G. Fabbri,
Henry E. Sprague,
John Welsh, Jr.,
Lewis Morris,
Chas. F. Zimmermann,
Theod re Fachiri,
C. L. F. Rose,
Wm S. Wilson,
F. Cousinery,
Carl Vietor,
Gustav Schwab,
Ramsay Crooks,
George H. Morgan,
Arthur B. Graves,
L. M. Calvocoressu
H. L. Chas. Renauld,
EUGENE DUMLH, President.
ALFRED OGDEN, Vice
President.
CHARLES IRVING, Secretary.
ANTON METZ, Assistant Secretary.
Coin, A
2 SOUTH STREET
BALTIMORE, MD.
Opposite Second St.
Purchase and sell Governments and Coin.
Gold constantly kept on hand for the supply of Mer¬
chants, for duties.
Bonds and Securities of every description bought
and sold on Commission Orders, which hare direct
personal attention.
Especial attention is given to Investment Securities
of the higher grades, quotations for which are fur¬
nished as required.
Correspondence solicited.
His Celebrated
303-404-1
Numbers,
70-351-332,
styles may be had of all dealers
throughout the world.
and his other
Joseph Gillott & Sons.
COMM
INSURANCE
NEW YORK*
New Y©rk.
OF
_
F.S. WINSTON, PRESIDENT,
ISSUES
NUMBERS, of superior
English make, suited to every style
of writing. A Sample of each, for
trial, by mail, on receipt of 25 CTS.
ASK YOUR STATIONER FOR
THE SPENCERIAN PENS.
In 20
SPENCERIAN
STEEL
PENS.
IVi&Oii) K'uKriiiitu/r&ylor&Cu
NEW VOKK.
EVERY APPROVED
DESCRIPTION OF
LIFE AND ENDOWMENT
POLICIES
ON TERMS AS FAVORABLE AS THOSE0E
ANY OTHER COMPANY.
ORGANIZED APRIL 12™ 1842- -
CASHMR CTO 60,000,00ft
@FedFRASER