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HUNT'S
MERCHANTS'
§ji
MAGAZINE,
w $ pa p e *,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE
UNITED STATES.
VOL. 27.
SATURDAY, AUGUST 3, 1878.
CONTENTS.
THE
Credit Improves
Approaches
107
Condition and Prospects of
Life
Insurance
108
Financial Review of July
109
THE
obtained prevalence and the
The Debt Statement for July, 1878
Latest Monetary and Commercial
English News
Commercial
News
and
111
112
Miscellaneous
115
BANKERS’ GAZETTE.
Money Market, U. S. Securities,
I Quotations of Stocks and Bonds... 119
Railway Stocks, Gold Market,
} New York Local Securities
120
Foreign Exchange, N. Y. City - I Investments, and State, City and
Banks, Boston Banks, etc
116 |
121
Corporation Finances
THE COMMERCIAL TIMES.
Commercial Epitome
...
Cotton
Breadstuffs
124 I Dry Goods
130
125
129
131
| Imports, Receipts and Exports
j
^Ixe Clircrutclc.
The Commercial
and
Financial Chronicle is issued
day morning, with the latest
news up
on
Satur¬
to midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year, (including
postage
$10 20.
For Six Months
.
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(including postage)
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do
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Subscriptions will be continued until ordered stopped by a written order, or
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responsible for Remittances
nnless made by Drafts or Post-Office
Money Orders.
........
London Office.
The London office of the Chronicle is at No. 5 Austin
Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
Advertisements.
Transient advertisements
preparation began ; then
on, under increasing and pas¬
sionate resistance. The cry first was that
gold could
not be got at all, but
gold has been accumulating;,
nevertheless, the cry of “ can’t ” is undiminished. Infla¬
tionists represent the whole world as certain to
besiege
the Treasury doors for gold, and
say that gold enough
must be got to cover
every dollar of paper, greenbacks
and bank-notes together, some of them
including frac¬
tional currency and bank
deposits ; of course, this is
wildly erroneous, but as there is not a little misappre¬
hension on the subject, even
among those who are free
from these notions, it is well to
try to clear it up.
It is true that the Government is not in
suspension
and is not a bank, and that it cannot
pay its notes with¬
out having coin, dollar for
dollar, to pay them with; but
it need not have the full amount at one
time, because
presenting the notes is not compulsory, and they will
not be presented all at
once—elementary as this is,
that
CHRONICLE.
Resumption
as
NO. 684.
published at 25 cents per line for each insertion,
but when definite orders are given for
five, or more, insertions, a liberal dis¬
count is made.
No promise of continuous publication
in the best place can be
are
preparation went
thousands do not know it or else do not remember it.
On the 1st of March last the available coin balance
wrg.
about 70 millions ; April 1, 98£ millions
;
million5.
The
legal-tenders
are a
July 1, 155 J
little under 347 mil¬
lions, so that the stock of coin already is about 44J per
equal
opportunities.
Special
Notices
in
ceufs per line, each insertion.
cent; for a bank this would be an exceptionally large
WILLIAM B. DANA & CO., Publishers,
coin reserve, and its
79 & 81 William Street, NEW YORK.
ample sufficiency for the Treasury
g.ven,
asand
all Financial
must 60
advertiserscolumn
have
anking
WILLIAM B. DANA,
JOHN g. FLOYD, jr.
i
f
Post Office Box 4592.
requirements
A neat file-cover is furnished at 50
cents; postage on the same is 18
cents. Volumes bound for sabscribers at
$1 50.
For a complete set of the Commercial and
Financial Chronicle—
July, 1865. to date—or of Hunt’s Merchants’ Magazine, 1339 to l*7i, inquire
at the office.
The Busine « Department of the Chronicle is
represented among
Financial Interests in New York
City by Mr. Fred. W. Jones.
IMPROVES
AS
RESUMPTION
PROACHES.
AP¬
Five months only remain before the time for
resump¬
tion arrives—or, more
accurately, iovpayment of the Gov¬
ernment’s past-due due-bills, the Government not
been in
having
we
remember
that the
solvency and credit of the Government are
undoubted, that the notes are familiar and long trusted
in use, and that the
approach of the resumption-change
has been
gradual.
A still better idea of the
pleting the
CREDIT
be assured when
seems to
over
process
probability of actually com¬
be obtained by looking back
may
the distance already traversed.
Inflationists will
say, following their peculiar methods of arguing, that
there can he no connection between
preparations for
resumption and the improvement of public credit,
preparations have been ruining the coun.
try; perhaps they may say that public credit is but the
aggregation of private credit, and cannot improve while
private interests languish. But whether there is any
because those
suspension in the banking sense of the word.
Three and a half years ago, the famous Act was
passed,
which will have its place in
history as a remarkable piece
connection or not between
of fiscal legislation.
preparations for resump¬
Passed hurriedly and without
tion and improvement of
public credit, it is enough toexplanation, and .apparently aiming to please infla¬
note the fact that the two have been
tionists and resumptionists
going on together.
both, its effect was a mode¬
The funding act was passed
rate expansion, but at the same time a
July 14, 1870, but it was
previous act was
not until the end of the
working out an unintended contraction ; it narrowly
following year that the bonds
issued under it reached 100 millions in amount. The
escaped repeal, and more narrowly escaped virtual
nullification ; it was denounced as a
shows their progress, beginning with the date
destructively con¬ following
of the Resumption Act:
tracting law, while working in the opposite direction ;
Outstanding.
1815.
having allowed four years for preparation, more than
5 per cent.
4>jpercent.
4 per cent.
January 1
$361,697,900
*
one-half that time passed
before.any faith in its reality July 1
412.306,450
,
►
108
THE CHRONICLE.
Outst anding.
,
1876
5
.
January 1
July 1
percent.
—,
4% per cent.
4 per cent.
415,558,450
5i6,859,500
'
1877.
January 1
July 1
August 1
September 1
517,494,100
508,440,350
.' No change since.
October 1
November 1
December 1
$33,600 X00
140,000,000
155,000,000
155,000,000
200,000,000
$10,000,000
200,000,000
200,000,000
55,000,000
200,000,000
200,000,000
210,000,000
200,000,000
200,000,030
235,000,000
240,000,000
74,900,000
75.000,000
75,800,000
83,850,000
70,000,000
1878.
What
have
[Vol. XXVII.
these
obstructionists
against
urge
resumption? They have denied that gold could be
got, but it has been got; they have asserted a large
contraction, but the figures confute them; they have
lamented the ruinous work of contraction, and in
that also they are proved at fault; but
they can
always fall back upon the general denial, and say
tha% as the country cannot resume, what is the use of
all this self-destruction endured in
January 1
February 1
to
a
vain effort.
While
they have been hanging back, the gold premium has
disappearing; and, notwithstanding their denial,
April 1
the fact is that resumption is
already accomplished—as
Mayl
91,850,000
June 1
91,850,000 far as human foresight can go—the only doubt being as
J*uly 1
98,850,000 to the
practical difficulty in overcoming the hindrance
This schedule shows clearly the progress
during the of the two recent laws which they succeeded in throwing
17 months of Mr. Sherman’s administration of the in the
way.
They are the ones who would make all the
Treasury. On the 16th of July, 1877, the books were effort vain, and cheat the country out of the invaluable
closed for the first offering of 4 peh cents, and about 66 boon of a coin standard and an established financial
millions were taken, this class of bonds first
appearing condition, for which the price, in suffering and waste,
in the debt statement October 1.
On the 11th of April has
already been paid. Give them their utmost will—
last, the memorable negotiation of 50 millions of 4£ per turn their wildest vagaries into the banishment of gold
cents for resumption purposes was made, and the im¬ and the substitution of “ absolute ”
money abundant
provement in confidence was manifest and immediate. enough to keep everybody full of it, with Government
Of course the fact that bonds are negotiable now bear¬ bureaus to
regulate everything and grant the wish
ing lower interest than were negotiable in 1872 is not, of everybody who is not happy—and what then? Let
taken independently, a proof of a commensurate im¬ this
lunacy be adopted up to any point of it, from mild
provement in the public credit, for the change in the aberration to acute mania, aud could it undo the past?
money market has to be considered ; but if we go back We have repeatedly shown that what is lost—property,
for only a year the negotiability of a lower-rate bond is
courage, morals, time—is lost finally; that re-inflation of
such proof, and it is accompanied by other proof.
The values would be utterly impossible, though there were a
return of bonds from abroad—an unfavorable and thor¬ unanimous desire for
it; that the price of resumption
oughly undesirable movement, for which the silver has been paid, aijd the only question now is, whether
crusade is mainly responsible—has shrunk
again from the country shall pay o.ver again before getting it. After
the great height it attained during the last half of 1877 thirteen
post-war years of waiting, the country ha8
and the early part of this year, being stopped as it were
wearily climbed to the top of the hill; stability and
by magic the moment Mr. Sherman negotiated his prosperity are at hand; confidence and credit are im¬
resumption loan. The following comparative statement proved and improving; a new era of genuine and more
of the net movement of gold—i. e., the monthly excess
permanent growth is before us. But the obstruc¬
of exports over imports or the reverse—for 11 months
tionists, against whose efforts every step has been
of the current and the previous fiscal year, is also
forced, hang back ail the harder and cry all the noisier.
significant :
They fight a prosperity which they cannot recognize;
1877.
1876.
Months.
Net export.
they tern from a future they do not understand, to
Net import.
Net export.
Met import
Ju y.
$3,491,749
$8,292,545
vainly long for a past they cannot bring themselves to
272,659
August....
1,292,451
forget; and the good which they are unable to prevent
September
$5:7 271
203,932
October..
293,179
$2,983,664 they may delay and make more costly, because we
November.
783,294
^,522,402
might have it already but for their resistance.
December
330,029
8,464,504
March 1
been
'
.
,
.
:
Months.
January...
February..
March
April
May
1878.
,
.
.
$1,940,639
$2,364,753
,
•1877.
,
CONDITION
$823,517
1,406,093
762,030
AND
933,843
In these 11 months there is
a
LIFE
The list of
2,323,951
12,955.550
decrease of
OF
INSURANCE.
$1,311,211
1,969,335
PROSPECTS
over
8
mil¬
companies now in legal standing and busi¬
ness within this State, which was in the
report for the year
1 73 17 for New York and 21 for other States, has now
lions in the net export as
shrunk to 15 for this State and 19 for other States.
net
largest number existing in this State at one time was
41; at the end of 1872—the date at which the re-action¬
ary movement of the b sines3 began—there were 32.
Of the 2 7 companies started since the war ended, only 4
remain; of the 6 started during the war 2 remain; but
compared with last year; the
export is about 2 millions, against 75J millions for
the fiscal year .1871-5, 43^- for 1875-6, and 30 for 1876-7.
The change in foreign trade which has permitted this
change in the specie movement we need not stop to dis¬
cuss; it is sufficient to note that, in fact, the country
has been able to keep nearly all the product of its mines,
after paying its foreign obligations and
absorbing the
bonds sent home by the silver assault upon its credit.
The above is a hasty sketch of the progress
already
made; but nevertheless the inflationists, with increasing
fierceness, continue to oppose the march of events by
attempts to form a new party with vague names—
Nationals, Labor Reform, etc.,—seeking to unite all the
dissatisfied in a scheme to create the world anew
by act
of Congress aud make mankind happy
by surrounding
them with a medium of moonshiny “absolute”
money,
of the 10 started before the
war
9 remain.
The
The follow¬
ing is a condensed summary of the year’s business of all
companies operating in this State, compared with 1S76
and 1875
.
:
-
.
Premium receipts
Ollier
.
receipts
Total
..
receipts
,.
Paid for claims
.
Paid for dividend
Paid
lapsed
policies
Total to
on
and
policies
surrendered
policyholders
1877.
1876.
$62,933,690
23,228,454
$72,056,698
24,301,885
1375.
$83,783,511
„
24,856,571
$80,162,144
$96,358,583
$108,645,082
$26,103,286
$25,567,849
15,397,369
16,187,123
$27,174,630
17,900,604
19,152,317
21,354,376
20,4 1 4,572
$60,652,972
$63,109,-353
$65,489,806
109
CHRONICLE.
THE
1878.J
August 3,
1875.
$1,406,217 in 1877. The Mutual does not
report its due interest on mortgages separated from that
Paid expenses and taxes
on securities, and in no case is interest due given apart
$79,982,460
$76 618,181
Total expenditures
$74,337,323
$28,062,6*22 from interest accrued, so that it is impossible to form
$19,740,402
$11,824,821
Income over exrenditures
15,861,085
*4,263,351
10,985.741
Increase of assets
any estimate better than a guess about the amount of
1,922,673
314,524
823,111
Increase of surplus
The law allows companies a liberal
299,276,337 interest past due.
232,665,489
Insurance issued
178,283,617
319,372,675
285,295,216
Insurance terminated
264,376,280
time in which to dispose of real estate taken for debt,
Insurance outstanding at end of
and when they thus take it the transaction is simply a
1,793,659,660
1,735,995,190
1,556,105,323
year
.*
Net decrease of outstanding inpurchase at the rate of not over two-thirds the value
22,568,889
57,666,479
179,889,867
during the year
appraised when the loan was made; moreover, the com¬
Decrease.
panies are able to hold on for better times. But to
The decline in premium receipts is noticeable, as also show in another way the margin of safety existing, we
the much smaller decline in interest and miscellaneous compile the following as to the city companies:
Ratio of Ratio of Surplus Surplus
receipts. Six companies expended more than their
Real Estate. Mortg.
to
to
to Assets,
to Assets.
Mortg.
Mortg.
receipts, against 5 in 1876 and 3 in 1875. In examining
3*63
45 80
26*78
14*27
the decline indicated in the above table, allowance must Brooklyn.
Equitable
41*25
19*02
41*51
41*90
be made for the effect produced by withdrawals of com¬ Germania
59*72
8*69
21*43
17*26
Globe
25 08
29 90
17
00
9*00
panies from business in the State, by failure and other¬ Home
4*03
77*00
30*92
/ 67*90
wise; this consideration applies particularly to the Homoeopathic
3*53
48 00
16*16
Deflc.
19*23
23 76
18*53
decline in premiums and in outstanding insurance, and to Knickeibocker
29*52
Manhattan....!
.'. 7*26
39*78
£7*44
43*20
the decrease shown in assets; for example, in the last
14*04
13*00
Metropolitan
34*00
41*25
line of the table, the decline of outstanding insurance Mutual
68*66 '
18*30
18*30
6*75
10*07
43*88
41*27
41*27
York
during 1877 is just doub’ed by the withdrawals. Since New
24*00
United States
1*56
48*21
30*43
1872—which year marked the highest point in the totals Washington
4*25
43*84
39*27
3 / 81
of policies—the shrinkage has been 1558,637,268 from
The last column differs from the third in computing
all causes; of this, about 185 millions belongs to failures
surplus after capital stock is included in liabilities. A
and withdrawals from the State. In 1875, 20 companies
similar table will be found in the Chronicle of January
issued more, and 25 issued less, insurance than they lost
20, 1877, page 51, and on comparison with that, we find
from all causes; in 1876, 9 companies gained and 29
that in nearly every instance the proportion of mort¬
lost; in 187 7, 4 gained and 30 lost, of the 9 two belong¬
gages in assets has decreased during the two years since
ing to this State. The following compares the past three the date of the report used in compiling that table. In
years in respect to the manner of terminations, the
nearly all cases, also, there is an increase in the ratio of
issues being, in 1875, 133,095 in number and $299,276,surplus to mortgages; it is necessary to explain, how¬
337 in amount; in 1876, 99,036 in number and $232,ever, that surplus and mortgages are compared in the
665,489 in amount; and in 1877 81,909 in number and table for a
special purpose, there being no natural con¬
$178,283,617 in amount:
nection whatever between them, so that the comparison
1876.
1877.
■.
increased it
$364,062
14,128,592
$334,410
13,174,418
$356,784
13,327,577
Paid stockholders
—
surance
*
.
.
-1875.
Death
$24,988,434
Expiring
7,309,765
79,774,666
142,908,483
21,251,653
43,141,674
9,002
5,772
Surrerder... 29,174
61,055
Lapse..
Change .. .. 5,937
“Not taken” 18,46 i
-1876.
,
'
-1877.
—,
,
Amount.
No.
Amount.
8,382
2,953
33,004
49,549
$22,702,740
6,771,435
84,548,242
123,652,153
7,804
4,433
$20,426,672
9,453.795
89,017,554
98,800,015
4,234
15,9.0,382
13,445
31,720,264
No.
Amount.
No.
By—
33.681
44,470
4,907
10,751
21,033,762
25,640,482
outside of this State is reported as
having an impairment of capital, and three within this
State; the same four companies were so reported a year
ago, with a fifth one, which has since been closed.
As
the movement and proportion of the various items of
the assets form an important part of the subject, we
compile the following table, showing the ratio of the
leading items to the whole assets:
One company
All
New To Tc
Cow parties.
Companies.
1876.
1877.
7 17
9*99
8*03
50*70
53 48
53*45
59*01
7*46
11*65
9*38
15*73
13*60
13*83
10 65
8 29
10*16
3*34
4*29
1877.
Real estate
Mortgages.
United states bonds
.
Other securities
Premium notes and loans
1S7G.
of these ratios
as
between different
companies has
significance and should not be made. The special pur¬
pose is simply to show how large a margin of value
could be clipped from the mortgages, even in the worst
view, before exhausting the surplus. In other words,
the property mortgaged is worth 50 per cent more than
the loan, according to the law, and, according to the
practice in loaning, is worth 50 to 100 per cent more;
the table of surplus ratios shows what proportion of the
value of the property, after the margin above the loan
has shrunk away, must go before a technical impairment
is produced.
There is a gratifying increase in the holding of United
States bonds, both absolutely and relatively.
Premium
notes decline, absolutely and relatively, and the same is
true of uncollected premiums, although it should be said
that by no means all of such premiums are due—a large
part are simply “ deferred.”
We have left ourselves
no
space to
discuss the pros¬
pects of the business, but that is not necessary,
pointed out the moral from the errors
Examining
These comparisons are very interesting.
more closely the
detailed figures not given here, we past and the changes which life insurance must
Deferred and
unpaid premiums
....
1*36
1*42
1*74
have often
O
find that there is an increase of about
holdings, notwithstanding the withdrawal
from the list of the Charter Oak, which had 4^ millions;
hence it is evident that the increase is nearly all due to
foreclosures.
Both relatively and absolutely it is about
double in this State what it is outside.
The Mutual,
New York, and Equitable, which increased their aggre¬
pass
FINANCIAL REVIEW OF JULY,
July was an exceedingly quiet one in
financial matters, and there were no developments
Benefit, which increased theirs $981,306 in 1876, worthy of special notice. In Wall street, more attention
$1,827,761 in 1876, further increased it
$3,361,910 in 1877; the Connecticut Mutual, ./Etna, and
gate holding
Mutual
for we
of the
gradu¬
through. Less extravagance in management
and professions, on the one hand, and less blind and mis¬
chief-breeding confidence on the other hand, are required,.
The result will be healthy, although the process is
costly.
millions in the ally
real estate
no
The month of
1
2
4
5
6
9
0
1
4
110
THE CHRONICLE
5
2
6
7
93
given to the activity and sharp decline in some of
the speculative stocks, in the latter
part of the month,
than to any other
subject. The business reported at
was
the
Exchange during July was as follows:
Governments, $12,258,550; State bonds, $872,000; rail¬
road bonds,
$6,152,600; bank shares, 2,048; railroad
-and miscellaneous
stocks, 3,680,305 shares. Both at the
Produce and Stock
Exchanges the leading topic of dis¬
cussion
the
CLOSING PRICES OP GOVERNMENT
SECURITIES IN JOLT,
...
...
8
...
....
securities and articles of
merchandise, on or about the
first of Aug. in each year, from 1875 to
1878, inclusive:
STATISTICAL
SUMMARY, AUGUST 1, 1675 TO 1878.
1378.
,
New York City Banks—
Loans and discounts.. $
Specie
7
Circulation
Net deposits
Legal tenders
Surp.
reserve
232,636,0^0
$
$
19,695,600
$
222,133,700
$
(over 25 %)$
Prime paper
Gold
Silver in London, $ oz....
Prime sterling bills 60 days
U. S. 5-20 bonds, ’67, c up.
U. S. 6s, currency
U. S. 10-403. coupon
Central of N. J. stock.
5S,409,690
22,232,475
249,767,800
250,505,''00
4%-6
10054
52%d.
4 85-4 86
109
125
120%
109%
4
113%
104%
75,534,000
28,504,875
154-2%
3%-5
.3-4
105%
54%d.
4 82-1 83
105
278,907,700
15,737,20)
18,576,100
251.066,000
15,004,200
223.829,100
59,523,400
22.c61,325
1 54-2%
2-..
3-4
1875.
19,295,20)
13,6G6,250
1-2%
111%
5!-51%d.
S7%-4 6854
119%
125%
....
7
8
....
....
....
....
....
119
94%
112%
83%
95
-
61%
51%
42%
11%
63
58%
38%
11%
12
40-52
18 00
1 53- 1 60
30-38
16 53-18 00
1 0 >-l 08
4>-49
10 40-10 75
106%
104
103
105%
91%
53%
97
96%
63%
120
12
30 36
22 00-23 00
93- 1 12
....
....
.
..
....
....
....
....
....
....
....
....
S...
102% 105% 108
109
1C5%.
107% 102% 105% 108% 109
107%
....
....
107J4 102%
....
....
....
105%
....
....
1C9
109
109
109
107% 104% 104% 100% 120%
107% 104%
....
104% 104% 10C%
107% 104% 104%
120tf
109
107% 104%
100% 120%
109% 109%'
104% 104%
120%
....
..
102% 105%
....
109% 109% 107%
1C9% 109% 107% 104%
lU9% 109% 107% 101%
Openingl07 % 107% 10254 105% 103
109% 109
107% 104%
Highest. 107% 107% 102% 106% 108% 109%
109% 107% 104%
Lowest...107
107
102% 10.% 1)7% 103% 108% 106% 104%
Closing.107% 107% 102% 105% 108% 109% 109%
107% 104%
....
....
...
....
..
....
....
S
107%
105%
107% 102% 105%
81
....
....
101% 100% 120%
....
104%
100% 120%
101% 100% 120%
104% 100% 120%
104% 100% 120
104% 100% 12)%
CLOSING PRICES OP CON80LS AND
U. S. SECURITIES AT LONDON IN
JULY.
Consols U.S.
for
5-20, 10^0 5s of New
Money. 1867.
1881.
Date.
Consols U.S.
Date.
for
|4%s.
July
1
2
3
4
5
6
7
8
kk
<t
cc
(ft
ii
96
95
ys
95
95
96
107%
107%
13-16 10.%
11-16 107%
13-16 107%
1-16 107%
96
3-16 107%
1-16
15-16
107%
10,96 3-16 107%
U|96 3-16 107%
12
13
14
15
16
17
iL,
4ft
96
3-16
96
107%
3-16
107%
95 i5-ifi 10S
95 13-16 108%
95 9-16 108%
18 95 7-16 108%
19 95 7-16 103%
61%
4ft
50-52
26 00-28 00
1 31- 1 38
5-2), 10-40
Money. 1867.
5s of
New
1831. 4%s.
110% 108% 105% July 20 95 9-16
108% HIM 103% 106%
110% 10?106W
21
S..
“
110% 108% 106%
22 95 7-16 108%
111% 108% 106%
“
110% 109
23
106%1
95%
108% 11154 108% i06%
“
110% 109
24 93 9-16 108% 11154
106%
108% 106%
“
110% 108% 106%
25 95 7-16 108%
Hl% 103% 107
“
5....
26 95 5-16 103% 111 V
108% 107
“
11054 109 106%
27 95 3-16 103
111% I0a% 106%
“
110% 109% 106%
28
“
110% 109% 106%
29 95%
108
iii% ios% 107%
“
110% 109% 1.6%
80 94 13-16 107% m%
108% 107%
“
110% 109 106%
31 94 13-16 107%
1H54
110% 108% 106% Open. 96 1-16 10754 HO* 108% 107%
108% 106%
Highest 96%
10-1% 111% 109%
in 109% 106% Lowest
94' 13-16 107% 110% 108% ior%f
10%
m% x8% 106% Closing 94 13-16 107% 111%
103% 107%
ni% 108% 106% «r. (
m% 108% 106%
97 l1-16 109%
iu% 108% 105% 355 \h 94 5-16 105% 111% 190% 107%
104% 103.%
“
.
...
9;96%
a
109%
14%
....
.
107%
(ft
87%
12)%
122%
117%
....
....
12
u
4 87-4
....
....
..
It
113
560.
109
109
...
Cotton, Mid. Up., $ lb
Wool, Am. XX $ tt>
Iron, Am. pig. No. 1, $ ton
Wheat, No.2 spr ng,$ bush
Corn, West, mix, $ bush...
Pork, meal, $ hbi
1876.
14,135,900
15,585,300
219,168,600
54,262,100
19.07S.000
U. S. 4%s, 1891, coupon...
N. Y. Cent. & Hud. stoct.
Chic. Rk. lei. & Pac. stock
Illinois Central stock
Lake S. & Mich So. stock
Del. Lack. & West, stock.
1877.
....
....
probable out-turn of the western grain
..
.
crops, and
on the 5
the prospects for
varying rumors as to1
...61
the
..
.
1
spring
wheat7
harvest in the Northwestern
States
...81
were
most
hinged
the
...9
1
important speculative
movements
..
.02
in wheat
and in the “
21...
granger” railroad stocks.
22
107%
The following
summary shows the condition of the 83.
24.!]!!! ,i6'%
New York City Clearing House
banks, the premium on
107%
107%
gold, rate of foreign exchange, and prices of
leading
was
1878.
/—6s,]881-> ,—5-20s, Coupon-N,—10-40s—, 5s,’81
^4%8,’91-n 4s, 6b.
reg. coup. ’65 n. 1867. 1868.
reg. coup. coup. reg. coup. cou. car.
107%xl07%xl02%x05%
107% 104% 104%xl00%
107% 107%
106
109
107%
104% 100% 120%
107%
xlG8
102%
109# 109# 107% 104%
100% 120%
Holiday.....
107% 107% 102% 105%
109%
107%
104% 104% 100% 120%
107
107
102% 105%
109
109
106% 104% 104% 100% 120%
S
107%
102% 105% 107%
109
106% 104% 104% 100%
107% 107%
105% 107% 109% 109% 107
104% 101% 100% 120%
107% 107%
109
105%
10'% 107
104% 104%
107%
108
105%
109%
104% 100% 120%
107% 102% 106
109% 106% 104% 101%
120%
107% 102% 105% 108%
107
104% 104% 100%
...S
107%
106
108% 109% 109% 107% 104% 104%
.107% 107%
106% 308%
107% 104% 104% 100% 120%
.107% 107%
10 J%
107% 104%
120%
107% 107%
106
108 ' 109 * 1;9% 107% 104%
101% 100% 120%
.107%
102% 105%
109
107% 104%
100% 120
.107% 107%
105% 108% 108% 108%
101%
July
Stock
fVCL XXVII.
.
.....
f.
k
.
.
#
n
a
.
RAILROAD AND MISCELLANEOUS
STOCKS.
The stock market witnessed
considerable fluctuations
in some of the
leading speculative favorites. In the early
BANK MOVEMENTS AND
THE MONEY MARKET.
part of the month the chief movement was thb
recovery
The New York City
banks showed a gain in their sur¬ in the Vanderbilt stocks—Lake Shore and Michigan
Central—with a further rise in Western Union
plus reserves over and above 25 per cent of
from
deposits,
which was caused
by an increase in the legal tenders, as 87£ to 95^. The conference of railroad magnates at
specie decreased and the item of deposits,
constituting Saratoga, by which the rivalry between the several
the liabilities,
materially increased. In the money mar¬ Chicago lines west of Buffalo was virtually terminated,
and a
ket, rates were down to the lowest midsummer
harmony established among the-great trunk line
prices,
and on Government collaterals 1
officers,
with an early advance ins freight rates recom¬
per cent was the usual
rate on large blocks of
money, and 1 to 2£ was an mended, were influences of no small importance. In the
ordinary range on all good collaterals. Prime commer¬ latter part of the month a very decided bear movement
cial paper found a
ready market at 3@4 per cent, with was commenced against the Northwestern and St. Paul
exceptions below 3 per cent on some very choice paper of stocks, and under heavy sales their prices declined mate¬
fiO
56-61
14 25-14 40
52-58
83-86
19 40-19 60
20 90-21 00
days.
rially.
Loans ani discounts...
Specie
July 6.
$236,516,000
20,420,000
Circulation.
Net
deposits
Legal tenders
•Surplus reser it over 25£
Range of call loans....
Rate of prime paper...
19,823,900
213,816,700
53,606 300
20,572,125
1 ©2%
3
@4
July 13.
$234,120,100
22,048,600
19,522,100
217,411.500
55,556.300
23,252,025
1
3
@3
m
JiCy 20.
$236,195,500
22,001,600
19,405,100
221,252,100
57,543,003
24,232,475
1 ©2%
3 @1
r
INVESTMENT SECURITIES.
There
To assist this attack, reports were circulated of
damage to the wheat crop of the Northwest by
heavy rains, and telegrams in the daily newspapers gave
immense
NEW YORK CITY BANK
STATEMENTS IN JULY.
July 27.
$•233,636,000
19,695,600
19,078,000
222,133,700
58,109,600
22,571,775
1 ©2%
3
@4
doleful
accounts of the
serious
injury already
plished.
accom¬
The record of prices given in the table below
shows the following
range of the stocks named:
Chicago & Northwest,
do
Opening
common
preferred
Chic. Milwaukee & St. Paul, common 73%
51%
do
do
preferred. 81%
Other stocks
Highest.
52%
4">%
do
7954
'
Lowest.
33
66
54%
84%
34%
70%
Closing
3654
63%
35%
72
large demand for Government securities
influenced, but the
principal
attack
in
the
last
July, and the leading dealers in this city were
days of July was limited to
the stocks just named.
crowded with business. The
takings of new 4 per cent
The following table will show the
bonds were large, and as the five-twenties
were called in
opening, highest,
against these -sales, the effect was, as usual, to unsettle lowest and closing prices of railway and miscellaneous
stocks at the New York Stock
holders of tire latter bonds, even of the
Exchange during the
longest issues, months of
and cause many of them to
June and July:
change off their bonds into
RANGE
fives and four-and a-half
STOCKS IN JUNE AND JULY.
per cents.
Included Jin the
June.
July.
orders for Government bonds were a
Railroad Stocks. Open. Hierh. Low. Cl08. Open.
Low. Clos.
great many of mod¬ Albany & Susquehanna.
High.
85
80
83%
82
84
S2J4
84
erate amount,
82%
Bur. C. Ran. & North..
30
indicating a continued inquiry for the Central of New Jersey.. 33
33%
28
29%
30%
24%
2»%
26
35%
25%
35%
35%
34
was a
were
In
more
or
less
.
OP
«—,
,
.
purposes of popular investment.
Chicago & Alton
do
78%
pref...
10454
81%
105
i77%
*02
77%
102
45%
76%
102
85
103%
38
76%
102
8354
1 354
August
Jun e.
Low.
104
103
—,
Chicago Burl. & Quincy 104#
Chicago Mil. & St. Paul. 53#
do
do
pref. 80#
Chicago & Nerthwest... 53#
54#
48#
82
77
Chicago & Rock Island. 112#
54#
77#
119#
do
77#
pref.
Cleve. Col. Cin & Ind...
Cleve & Pittsburg, guar.
Columb. Chic. &Tna. C.
Del. Lack. & Western...
28
33
80#
81#
Dubuque & Sioux City..
63
4#
4#
56#
do pref
Joseph..
pref.
2163.485#@iR»
St. L. Alton & T. H
...
do
do
pref.
St. L. Iron Mt. & South.
St. Louis Kans. C. & N.
do
do
pref.
St. L. & San Francisco..
Union Pacific
Wabash
Miscellaneous.
Pacific Mail
Consol. Coal
The
65
t9
65
69
11#
27#
U#
23
26#
55#
66#
63#
2#
3#
•
122
1#
112
161
107
154
•
•
•
•
127#
108#
110
108#
155
155
156#
8#
156#
•
•
.
7#
•
•
•
166#
100#
100#
100#
2
12
2
12
2
2
5
5
6
6
7#
4#
7#
4#
21#
22
94#
•
•
•
•
1#
1
126
94#
84#
100
•
.
.
.
.
....
....
•
4#
i#
i#
14
1
126
os,
6s
•
•
•
95*/,
84*/,
....
Debt Bearing: Interest In
...
.
.
.
38#
19#
14#
16#
16#
17#
16#
20
27
61
20
15
20
20
been
27#
25#
25#
63
61
this
24“
•
•
•
27#
83#
83#
67#
87#
95#
67#
25
25
25
10
25
10
25
10
152
155
152
155
•
1
1
36#
35#
38*4
16#
34
37
103*4
49#
49
95
55#
58#
17
19
7i#
75
gold market
was
fluctuations within
a
26
22#
25
10
•
1#
GOLD
•
87#
•
153
49
48
93
•
62
14
63
92
25
10
•
•
•
•
....
....
10
152
10
152
1#
1#
1
1
36
14
33
102
47
47
92
55
•
14
13
23#
103*4
103#
47*/,
47
47#
47*4
94#
94#
56#
57#
19
76#
76#
75
75
75
x38#
13
13
32
31#
105# 103# 103/,
46#
46#
47#
4 */,
46#
48#
94# x90*4 x92#
54#
59#
53*4
33#
....
80*
76.
.
....
.
.
76
.
without special interest, and the
range of £ per cent.
Foreign
Old demand notes....
consequence of the higher rate for money in England,
where the Bank rate was advanced to 3£ per cent, on
account of the loss of bullion by the Bank.
1878.
m
1
1 100 H ioo# ioo# 100#
Tuesday
2 100# ioo# 100# 100#
Wednesday... 3 100# 100# 100# 100#
Holiiday.
Thursday
4
5 100# 100# 100# ioo#
Friday
Saturday .... 6 100# 100# 100# 100#
Sunday
7
Monday
8 ioo# ioo# 100# ioo#
9 1P0# 100# 100# ioo#
Tuesday
Wednesday. ..10 100# 100# 100# 100#
Thursday
11 100# 100# 10J# 100#
12 100# 100# 100# ioo#
Friday
Saturday
13 100# 100# 100# 100#
Sunday
14
Monday
15 ioo# ioo# ioo# ioo#
Tuesday .. ..16 100# 100# too# ioo#
Wednesday... 17 100# 100# ioo# ioo#
Thursday... .18 100# 100# 100# ioo#
Friday
19 100# 100# 100# 100#
Saturday..
20 100# 100# 100# 100#
Sunday
21
22 *66# ioo# ioo# ioo#
Monday
Tuesday
23i ioo# ioo# 103# .109#
Wednesday...24 100# 100# 100# .100#
Thursday
25 100# 100#i100#1100#
Monday
Friday
Satmday
26
27
Sunday
28
Monday
29
Tuesday
30
Wednesday... 31
Jnly,
1878..
“
1877...
1876...
“
“
1875...
1874...
1873...
1872...
“
“
“
“
1871...
“
1870...
1869...
“
“
|
Openig.
Legal-tender notes...
03
.
•
m
.....
•
100# 100*4 ioo# ioo#
100# 100# ioo# 100#
100# 100# ioo# 100#
100#
105#
112#
116#
110#
115#
113#
113#
112#
137%
140%
100# ioo# loo#
105# 106# 105#
111# 118# 111#
111#
H7#(U2#
109
115
110#
116#
115#
113#
122#
137#
145#
14 #
155#
113/,
111#
111#
134#
1868...
140#
1867... 138# 138
“
1866... 154# 147
“
1865... 141
138# 146#
“
222
585
1884... 222
“
1863... 144# 123# 145
“
1862... 109
108#
Since Jan. 1, ’78. 102# 100#
“
109#
115#
115#
112#
120#
136#
145#
140
149
144
255
128#
115
days.
3 days.
July 1..4.85#@4.S6
4
4.87#@4.88#
•4.8?#@4.88*4
4.S7#@4.83#
Holiday
@4.85
@4.85
7
4.c7
4.87
Feb. 25,
|
14
15. 4.81
Range
...
@4.84
@4.81#
“
•
@4.83
.
i.
4.86#@4.87
4.86#@4.S7
4.86#@4.87
4.86 #@4.87#
4.86#@4.87#
4.86#@4.87#
S
4.85
4.86
@4.97
.4 82
.4.82
..4.82
25 4 82
.
..4.82
;..4.S2
'..4.82
I..4.82
..4.82
@4.83
4.85
@4.86
@4.S3
@4.83
©4.83
@4.83
@4.83
4.85
4.85
4.85
4.85
4.85
@4.86
@4.86
@4.86
@4.85
.S
’62
Jnly 11, ’62Mar.
3, ’63
.Tnne
deposit..
8, ’72.
Fractional currency.. •< Mar.
3,
June 30,
...
Principal^Interest
$14,000,000|-~$35,000
Amount.
$18,888,646
141,704,213
36,555,419
139,002,108
Series of 1878
10,530,600
4,285,107
3,111,815
3,015,283
3,987,136
2,053,204
r First
’63^
’64
Coin r.ertificates
Mar.
Silver certificates
Feb. 28 ’78..
Second
Third
Fourth
Fifth
3. ’63.
Total.
346,681.016
51, *200,000
16,455,588
43.022,300
2,608,730
$460,029,911
Aggregate of debt bearing no interest,
3,007
ii
claimed interest
Unclaimed
Recapitulation.
Amount
Outstanding.
Debt bearing Interest in Coin—
Bonds at 6 per cent
Interest.
$733,561,250
703,566.650
246,000,000
112,850,000
Bonds at 5 per cent
Bonds at 4# per cent
Bonds at 4 per cent
bearing interest in coin
Interest in Lawful Money—
Navy pension fund at 3 per cent
Debt on which Int. has ceased since Maturity.
Debt bearing no Interest—
Old demand and legal tender notes
$1,795,677,900
$25,762,472
14,000,000
9,009,640
35,000
378,763
bearing
$346,743,283
51,200,000;
16,455,59'
Certificates of deposit
Fractional currency
Certificates of gold
45,631,030
deposited
$460,029,911
Total debt bearing no interest
Unclaimed interest
3,007
$56,179,243
$2,279,717,451
principal and interest, to date, including interest due
not presented for payment.
i 2,304,896,6£4
Total
Total debt,
Amount
in the
Treasury—
Coin
Currency
Currency held for the redemption of
fractional currency
Special deposit held for redemption of certificates of deposit
as provided bylaw
-•
-207,007,852
1,109,317
10,000,000
51,200,000
$569,816,170
2,035,580,524
Total
Debt, less amount in the Treasury, August 1, 1878
Debt, less amount in the Treasury, July 1, 1878
2,035,786,831
$206,306
206,806
Decrease of debt during the past month.
Decrease of debt since J une 30,1878....
Bonds Issued to tUe Pacific
days.
July 17 ..4.83 @4.83#
@4.86#
18 .4.83 @4 81#
@4.86#
.4.83 @4 .83#
@4.86#
.4.83 @4 .83# 4 85 @4.96#
3
4 86
.86
4 86
@4.88
S
8..4.63#@4.84
9 .4.83#©4.34
10.. 4.83# @4.84
11. .4.83# @4. 84#
@4.84#
13..4.83#@4.SI#
60 davs.
Lawful Money.
100#
BANKERS’ STERLING EXCHANGE FOR JULT, 1878.
80
$809,235,600
$62,26T
July 17,’62
Debt
100# 100*/, ioo# 100#
100*4 100/, ioo# 100#
•
$986,442,300
,
••
50.668.500
Prior to 1869.
Series of 1869
Series of 1874
Series of 1875
,
Certificates of
Total debt
co
£
3
20,549,950
50,285,500
202,957,050
21,486,300
273,075,900
90,887,900
32,252,650
Issues.
July 17, ’61
Feb. 12, ’62
-j
was dull and declining, but demand bills
towards the close were relatively firmer than 60 days, in
Date.
54,450.< 50
applMonly to pens’ns
Acts.
exchange
Date.
61,650,850
over-due debt yet outstanding, which has never
presented for payment, of $9,009,640 principal and $318,763 interest. Of
amount, $8,253,650 are on the “called” five-twenties.
....
EXCHANGE.
COURSE OP GOLD IN JULT,
945,000
127,670,500
Which Interest Has Ceased Since Maturity.
on
...
76#
....
4,526,000
144,2.'0,800
51,129,900
107,659,150
16,029,000
235,364,450
155,112,100
80,597,350
Authorizing
x38**
....
$
There is a total amount of
Character of Issue.
....
39#
13#
d
d
d
d
d
d
d
,
...
•
Coupon.
Debt Bearing: no Interest.
#
....
.
33
16#
74#
AND
•
38*/,
38#
38, Navy pension. Act Jnly 23/68, Int.
Debt
#
X
#
c
j
66
15
•
b
.
1#
14tf
-
$260,000
13,889,000
a
4
64#
14#
•
Q.-J.
Registered.
Coupons of $50 and $100 bonds are paid annually in March.
sizes or denominations of each issue of bonds are as follows: (a)
$1,000, registered $5,000. (b) coupon $1,000, registered $1,000, $5,000, $10,0C
(c) $50, $100 and $500. (d) coupon, $50, $100, $500 and $1,000, registered, same
and also $5,000 and $10,000.
On the above issues of bonds there is a total of $9,470,946 of interest over-dne
and not yet called for. The total current accrued interest to date is $16,291,525-
12#
66
Q.—F.
Q—M.
Outstanding.
....
.
3#
....
•
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
M.&S.*
J. & J.
J. & J.
J. & J.
Bonds
*
64
•
1874
1880
1 81
1881
1881
1904
18^5
1887
1883
1881
1891
Aggregate of debt bearing interest in coin
70#
16#
•
Interest
6
Periods.
.2
March 3, ’63
March 3, ’64
10-40’s
5-20s of 1865, new. March 3, ’65
March 3, ’65
5-20s of 1867..
March 3, ’65
5-20s of 1868.
5s, Funded Loan 1881 July 14,’70
1891 July 14, ’70
do.
4# s,
1907 Jnly 14, ’70 19.7
4s,
do.
6s of 1881
5s,
6s,
6s,
6s,
13#
•
’58
’61
’61
July&A.,’61
Oregon War.
of 1§81
1#
61%
13%
.
June 14,
Feb.
8,
March 2,
—...
When Pay ble
The
100
....
4#
58 of 1858
6s of 1881
7#
13#
•
63#
8#
81#
126
81#
....
4#
20#
4#
20#
•
•
•
2#
62#
100
....
-
63
130
96
IOO
%
.
•
1
84#
.
•
14
1
128
•
•
86#
127#
1#
1
94#
....
•
13*/,
•
56#
69
3
3
125
93
.
.
•
5
6#
83#
12
•
120
125
93
97#
•
63#
5#
62#
122#
1#
108#
12
13
•
139
82#
65#
....
1#
•
11#
26#
64#
82
122#
1#
87
18#
64#
2#
82#
35#
89
139
149#
Act.
35
84#
6#
56#
6
8#
140
15#
Auth’rizing
Character of Issue.
83#
6#
56#
35#
82#
302*4
United States Express..
Wells Fargo Express....
Del. & Hud. Canal
58#
64#
26#
1#
pref.,
55#
11#.
Mariposa L.&M
do
prf
do
61#
27#
63#
36#
Debt bearing Interest In Coin.
58#
27
139
following is the official statement of the public debt^as
and Treasurer’s returns at the close of
of July, 1878:
appears from the books
business on the last day
4
58#
30
11
25
10
155
Ontario Silver Mining.
3#
4#
3#
The
JULY, 1878.
80#
35
138
112#
35#
25
is#
69#
American District Tel...
Atlantic & Pacific Tel...
Gold & Stock Telegraph
Western Union Tel
3#
25
79
15#
,
....
33#
31
•
do
do
special
Rensselaer & Saratoga..
27
79
15#
Mo. Kansas & Texas
2#
Morris & Essex
8i#
New Jersey
122
New Jersey Southern....
1#
N. Y. Cent. & Hud. Riv. 109#
N. Y. N. Haven & Hart. 160
Ohio <fc Mississippi
8#
do
pref.. 13
Pacific of Mo
121
Pitts. F.W. & Chic., guar
25#
79
30#
11#
7#
Michigan Central
25
14#
148#
83#
Illinois Central
Kansas Pacific
Lake Shore & Mich. So.
Louisville & Nashville..
116
116#
24#
77#
3#
55#
DEBT STATEMENT FOR
THE
Clos.
54#
72
84#
33
35#
52#
66
68#
79#
117# xlll# xll2#
30
11
33
32*4
Hannibal & St.
do
do
Harlem...
44#
69#
112
106#
34#
70#
114#
106#
51#
®1#
47#
73#
81#
47#
72#
63
15#
Erie
Open. High.
106#
51#
.
Ju ly.
Low.
,—
Cl rs.
Open. High.
Ill
CHRONICLE.
THE
3, 1878.1
@4.86
.
©4.83
©4.83
@4.83
4.85
4.85
4.85
@4.86
@4.86
4.85
@4.88#
@4.86
@4.86
@4.86#
Railroad Companies, Interest
Payable in Lawful Money.
Interest
Interest
Character of Issue.
Central Pacific....,
Kansas Pacific
Union Pacific
Central Branch, Union
Western Pacific
Sioux City and Pacific
Total
repaid by
Outstand’g. United St’s tr’nsp’t’n.
Amount
paid by
Balance of
Int. paid
by U. S.
$25,885,120 $15,687,019 $2,343,659 $13,313,859
2,705,902
4,238,433 1,532,530
6,303,000
10,934/25
27,236,512 16,786,896 5,852,870
1,002,309
67,498
1,069,808
1,600,000
Pacific1,067,713
9,367
1,077,0.0
1,970,560
900,283
75,517
975,801
1,628,320
-
$64,623,512 $39,835,039 $9,831,444
1, 1862, and
ily2, 1864; they are registered bonds in the denominations of $1,000, $5,000
__id $10,000; bear 6 per cent interest in currency, payable January 1 and July 1,
and mature 30 years from their date.
112
THE
The following is a comparison of the
August 1, 1877, and August 1,1878:
condition of the
Balances.
Special fond for the redemption of fractional
1818.
$9,811,956 34
$1,108,317 63
8,160,858 00
10,000,000 00
currency..
97,803,995
37,807,309
59,996,695
11,198,600
12,714,009
359,094.220
19,781,335
34,223,360
Coin and silver certificates
Coin, less coin and silver certificates
bonds
Other
outstanding coin liabilities
Outstanding legal tenders
Outstanding fractional currency
Outstanding silver coin
Total debt, less cash in
Treasury
Reduction
of debt for July
Reduction of debt since
July
Market value of gold
59
00
59
00
62
00
89
15
2,059,339,318 42
818,904 84
818,904 84
1
51,200,000 00
207,007,852 49
45,631,030 00
161,376,822
8.263,650
9,914,763
346,681,016
49
00
52
00
16,455,59s 17
39,164,451 93
2,035,580,524 65
206 306 97
206,306 97
H0 50
451,323.126 00
602,475,220 00
437,051,503 i 0
694,834,200 00
|P4metari}!(f0wmcvcialgugtisTt3Xexus
RATES OF EXCHANGE AT LONDON
AND
AT
ON
3 months.
<6
Hamburg
Frankfort
( 6
....
44
Antwerp
Amsterdam.
Amsterdam.
short.
..
..
3 months.
Vienna
4 i
Genoa.
64
St.
Madrid
46
Cadiz
Lisbon
44
90
25.11% Q.25.21%
July 19.
short.
25.27%@25.32%
•
©20.59 8
©20.59
©20.59
•
•
Pernambuco...
•
•
•
•
•
•
if
July 19
•
•
«
8%a.
3
60
90
July 18.
6
25.21-32
44
46
mos.
46
44
6
*
.
66
3 mos
109
4.83%
24%
23%
Is. 8%d.
Is. 8 9-16cL
3s. 10%'ef.
5s. 3%tf.
97
firmer appearance, due.npt
accommodation, but to
belief that before long more
money will be wanted, and that
better terms will, in
consequence, be obtainable. There is,
a
lend, and
has taken place in the rates of
discount.
lished this week,
though more
a
slight increase
The bank return
pub¬
satisfactory than the preceding
statement, does not exhibit any material increase of
strength.
Compared with last year, in fact, the return shows considerable
weakness, the proportion of reserve to liabilities
being only 34*36
per cent, against 46*32 per cent in 1877.
In 1876 the
indicated
an
as
56*55 per cent;
proportion
but that
was an amount
which
unusual absence of commercial and
financial enter¬
prise.
Now that the Treaty of Berlin has been
signed, and re¬
mains only to be ratified, and
that, in consequence of the favorable
weather for the
maturing crops throughout the world, the price
of bread is low, some
-improvement in trade is looked forward
to at an early date.
We have anticipated such a
change on pre
vious occasions, but our
hopes have been disappointed ; and it is
now
anxiously asked,—will ;he improved prospect which is held
out be realized within a reasonable
period ? It has all along been
contended that the great drawbacks to
renewed activity and
pros¬
perity have been the late war and the difficulties which were
likely to attend the final settlement. The Treaty of Berlin has
now, however, been signed, and to some the
responsibilities we
have incurred with regard to Asiatic
Turkey and what remains of
Turkey in Europe, are fraught with danger to the peace of the
British Empire. Those
responsibilities may not be agreeable to
British tastes; but the
Ministry contend that only two courses
were open to us—either to
protect Asiatic Turkey ourselves or to
leave the task
to
Russia.
The power of Turkey is
time and
decaying, and
intrigue alone are required to make it prostrate, and a
prey to any Power capable of interfering
with effect. The Turks
have evidently lost all
power of government, and the
many years
of mis-government which have
prevailed have had a baneful
influence
the late
on
war
the people,
tliaWtliey
The^future of the market
for money:
Per cent, j
Bank rate
3 months’
bills
are
by
no
means
reduced to effemin¬
perhaps somewhat
doubt that a
tendency
the present quotations
Open-market
3% |
rates:
Per cent.
4 months’bank bills...... 2%©2%
6 months’bank bills
2%©2%
4 and 6 months’trade bills. 3
@3%
|
2% @2% 1
2%©*<:%!
v.
money well
is
The rates of interest allowed
discount houses for deposits are
by the joint-stock banks
subjoined:
Joint-stocK banks
Discount houses at call
Discount nousea with 7 days’ notice
Discount houses with 14 days’ notice
and
Per cent.
„
2
2
2%
2%
statement
a
showing the present position of the
Bank of England, the Bank rate of
discount, the price of Consols,
the average quotation for
English wheat, the price of Middling
Upland cotton, of No. 40’s Mule twist, fair second quality, and
the Bankers’ Clearing House
return, compared with the four
previous years:
1S74.
£
Circulation, including
hank post
bills
Public deposits
Other deposits
1875.
1876.
£
£
27,303,930
3,621,592
28,622,129
3,3SO,633
26,647,215
14,276,626
1877.
£
1878.
£
Government securities. 14,025,691
Other securities
16,403,551
Reserve of notes and
18,971,309
28,670,293 28,904.065 28.613,517
4,732,174
5,351,334
4,757,974
28,559,404 24,632,34) 22,900,386
15,335,777 15,889,083 17,573,519
17,217,416 18,249,551 18,842,837
coin
Coin and
11,242,290
15,078,393
18,934,701
14,031,602
9,328,126
both departments
23,196,065
Proportion of reserve
to liabilities
Bank-rate
2% p. C.
Consols
92%
28,311,118
32,293,976
27,629,692
22,693,891
3 p. c.
2 p. c.
13,750,967
bullion
in
...
.....
English wheat,av.price
56*55
.
94%
60s. lOd.
8 3-16d.
Mid. Upland cotton...
46*32
2%
p. c.
96%
46s. Od.
7 l-16d.
No. 40’s mule twist,fair
2d quality
Is. 0%'d.
Clearing House return. 135,605,000
34*36
3%
D. c.
94%
48s. 5d.
95%
628. 3d.
7 l-16d.
5%d.
44s. 8d.
6%d.
U%d.
10%d.
10 %d.
10%d.
122,539,103 101,661,ICO 115,463,000 173,727,000
In the gold market the
principal feature has been a demand
for Paris, and there has also been some
inquiry for Lisbon in
connection with the
rather
more
Portuguese loan.
new
firmness has been
apparent.
In the silver market
The sale of India
Council bills passed off* more
satisfactorily on Wednesday, the
price realized having been Is. 8 3-16J. the rupee. The
price of
silver has, in consequence, advanced to 52
13-16d. per ounce.
Mexican dollars are also firm at 52£d.
per ounce.
The following
prices of bullion are from Messrs Pixley & Abell’s circular:
gold.
Bar Gold, fine
Bar Gold, refinable
silver.
5
grs.
d.
s.
per oz. standard.
per oz., nominal.
...peroz.
peroz.
pe* oz.
Spanish Doubloons
South American Doubloons
United States Gold Coin
German gold coin
Bar Silver, fine
Bar Silver, con’ng
Mexican Dol ars
Five Franc Pieces
•
•
per oz. standard.
77
d.
s.
9J4©
78.0
.
..
73
76
@
©74 9
9 ©
4%©
76
3%@
74
....
6
....
....
d.
d.
per oz. standard. 52 13-16©
per oz. standard. 53.8-16©
per cz.
52%
©52%
peroz.
© ...
Discount. 3 per cent.
....
Gold.
.
..
..
Quicksilver, £7 0s. Od.
Annexed
are
foreign markets
the current
Pans
Brussels
Amsterdam
Berlin
rates of
discount
at
the
principal
:
although they have shown during
Had their generals been governed by a
patriotic spirit,
had there been more Osmans in
command, and had there been
less intrigue in the
Seraglio, Russia’s task would have been
much more difficult.
The question now
arises,—can this great
work be accomplished
by pacific means? This is the task to
acy.
some
define, but there can be little
improvement exists. The following are
Annexed is
to any material increase in the
demand for
to
paper in the discount market is still
and discount houses are reluctant to
rates for money
In
O^en-marketrates:
30 and BOdays’ bills..-.
London, Saturday, July 20, 1878.
therefore, less disposition shown
supply of mercantile
limited, but the banks
difficult to
correspondent.)
a
^
.
days.
days.
July 17.
46
'
The
to
115.60
27.00
mos.
64
...
much
ever.
under control.
....
June 24.
June 27.
June 29.
•
our own
.
.
12.05"
...
....
The money market has assumed
was as
oppor¬
tunity, and it will be a matter of regret if, in the course of a
brief period, the Eastern Question is as
difficult of solution as
•
•
,
25.13%
20.35
20.35
20.35
25.17%
....
•
LFrom
“
have varied considerably during
quarters bills are refused at 2| and
2$,
but business is reported in
exceptional quarters at 2£ per cent.
The Bank of England not
being in a strong position, and there
being a prospect of a revival of commercial and financial enter¬
prise, capitalists evince a strong desire to keep their
RATE.
...
3 mos.
short.
3 mos.
....
....
8banghal
Alexandria....
4
July 16.
Is. 8%<f.
Is.
•
4
•
July 17.
July 1^.
44
Hong Kong...
4
....
%
•
*4
64
47% ©47%
47%©48
52 @52%
days.
Calcutta
•
short.
3 mos.
short.
C<
....
60
•
*•
«
....
.
July 19.
25.32% ©25.37%
12.0% ©12.1%
12.3% ©12.3%
days.
Constantinople
New York
Rio de Janeiio.
Bahia
Bombay
TIM?.
11.62%©11.87%
27.52% @27.57%
25%©25%
if
Petersburg.
DATE.
20.55
20.55
20.55
46
appalling severity. The Anglo-Turfeish Convention, if it is to
anything serious, must be carried out with strictness ; fail¬
ing which it i3 valueless. Turkey must be “
educated”, indeed,
instructed,” in the ways of civilization ; but this is its last
the week.
RATE.
high in
a
mean
lend, and the
EXCHANGE ON LONDON.
TIM?.
having inaugurated
as
work which will con¬
fer vast benefits upon
a large section of the human race.
Should
Turkey continue to be mis governed, fresh and serious difficulties
must arise, which are calculated
to bring about a conflict of
very
LATEST
short.
public estimation
LATEST DATES.
JULY 19.
Paris
Paris
Berlin
losing their power, because English justice abhors the
plun¬
der to which the people have been
subjected for so many years,
then the present Government of this
country will stand
LONDON
EXCHANGE AT LONDON-
ON—
which the British Government in the
desire for peace have com¬
country; and if, in a few years time, it can be said that
a real reformation has
been effected in
Turkey, that the Pashas
are
105 37
Imports (12 months ending June 30)
Exports (12 months ending June 30)
[Vol, xxvii.
mitted the
Special deposit of legal tenders for redemp¬
tion of certificates of
deposit
55,495,030 00
Coin
Outstanding called
Treasury
1877.
Currency...
CHRONICLE.
Bank
Open
rate,
p. c.
mark’t.
p. c.
2
1%
3%
3%
3
3%
2%
4
i
I
Vienna and Trieste...
Mad rid,Cadiz and Bar¬
celona
Lisbon and Oporto....
Bank
Open
rate,
mark’t.
p. c.
6
Frankfort
4
j St. Petersburg
Leipzig
2%
2%
6
6
4
2%
I Calcutta
4
Hamburg
Genoa
Geneva
.
4
5
.3%
5
3%
New York
| Copenhagen
p. c.
4% 4%©1%
6©7
6©7
4%
3%@4%
—
4%©5 4%©5
August
The dividends of
houses for the
past
joint-stock banks and discounthalf-year having been declared, the following
the principal
surplus
figures show the rates of distribution, and also the total
balances remaining of the profits for that period, after
year.
Rate per
1878.
ct. per annum
London Joint-Stock
City
Imperial
..
Consolidated
National Discount
—
United Discount
General Credit and Discount.
1878.
£62,091
21,247
19,710
12,672
19,761
7,768
11,196
10
8
5
8
8
14
8
12
16
8
14
8
12
Colonial
Hampshire & North Wilts,
6
10
8
Central of London
London & Southwestern....
National
Union of Australia
15
15
6
10
12
Metropolitan
.
...
Capital
and Counties.
16
11,867
1,333
10,859
13,315
5,872
11,084
11.860
13.002
C.614
16,271
1,016
1,095
5,826
Do
20 @ 22
20 @ 21
paid..
$4 paid...
reconstruction trustees’ assessm’t, $6
Do
do
do
Do preference, 7s
Do reconstruction trustees’ assessm’t, $3 paid...
Do
do
$2 paid...
Do convertible gold bonds, 7s
1904
Do reconstruction trustees’ certificates, 7s
Galveston & Harrisburg, 1st mortgage, 6s
1911
Illinois Central, $100 shares
Do
Bonds, 6s, 1st M. Chic. & Spr gf..lS93
' 35
34
@ 33
© 37
@ 36
59
85
87
104
@ 61
@ 87
@ 88
@106
32
87#© 88#
@106
@101
104
99
.@
....@
....
@102
96#@ 91*4
19# @ 20#
100
3,036
39,084
7,133
25,000
Union Pacific Railway, 1st mortgage,
last
....
43 @ 45
120#@121#
111 @113
35 @ 40
34 @ 36
4,831
of the National Discount Company
16U
22
21
33
37
@
@
©
@
©
....
1923 98 @100
Lehigh Valley, consolidated mortgage, 6b
Marietta & Cin. Railway, 1st mort., guar., 7s. 1891
Missouri Kansas & Texas, 1st mort., guar, gold
44 @ 46
19C4 120
bonds, English, 7s
@121
New York Central & Had. Riv. mort. b’ds, 7s ...
111 @113
New York Central $100 shares
.
@ 40
Oregon & California, 1st mort., 7s
1890 35 @
35
do Frankfort Commit’e Receipts, x coup
33
Pennsylvania, $50 shares
- 32 @ 33
Do.
1st mort., 6s
1880 100 @102
1898 107 @109
6’s
16
20
20
32
35
34
@ 36
....@
Cl @ 62
85 @ 67
16,582
22,095
18,626
15
July 2\ '
July 13.
lo#@ It#
Do.
consol, sina’g fund mort. 68
1905 96 @ 97
Philadelphia & Reading $50 shares
18#@ 19#
Pittsburg Fort Wayne & Chicago equipment
bonds (guar, by Pennsylvania R. R. Co.), 8s —
107 @109
Union Pacific Land Grant 1st mort., 7s
1889. 109 ©ill
7,137
20
12 ‘
20
Manchester & Country
The accounts
£39,606
Redm.
Erie $100 shares
107
109
107
@109
©111
@1C9
BONDS.
AMERICAN STERLING
12
City of Glasgow
Balance. 1877.’
14
6
10
6
Alliance
.
1877.
14
London & Westminster
Union of London
such
period of last
compared with the corresponding
distributions,
113
CHRONICLE.
THE
3, 1878.]
@100
.1910
99
28,501
15,000
.1892
year
1874
1902
....©
....@
Do.
do.
leased lines rental trust
Do
do.
do.
1873, 78.1903
1876
Do.
do.
Western exten., 8s
do. 7s, guar, by Erie R’y.
Do.
do.
Baltimore & Ohio, 6s
1895
Do6s
1902
....
....
45
@ 50
17
26
26
108
@ 20
@30
@ 30
99# @100#
@
....©
41 @
17 @
26 ©
26 @
...
....
....
43
20
30
30
@110
recovered from losses incurred in 1875/and this
year only £3,500, while the National Bank last yeai* received
1(8
@110
108 ©110
108 @110
£28,794 from long-pending law suits.
' \J
106 @108
Do'.
6s.
1910 106 @108
On the Stock Exchange during the week business has be?n
The weather during the week has been remarkably propitious,
rather quieter, but the fineness of the weather and the prospects
and from most parts of the country favorable reports have been
of improving trade have produced a fair degree of firmness in
the market for British rail wav shares, the value of which has, in received respecting the maturing crops. A large quantity of hay
several instances, decidedly improved.
The market for foreign Las been carried, and in some localities the crop is a very heavy
It was feared, at one period, that the hay crop would prove
one.
bonds has been rather dull. More desire to sell has been evinced,
to be deficient in quality, owing to the protracted rains of May
and, in most instances, quotations are rather weaker. United
States Government securities, however, have been firm, and the last; but this now applies only to the more forward parts of the
tendency of prices has been favorable; but for railroad bonds country. The grass now being cut is, on the whole, yielding
most satisfactory results, and the crop may be safely described as
the market has been scarcely so firm. Grand Trunk railway
excellent.
There has also been a vast improvement in the
securities are much weaker, owing to apprehended difficulties
appearance of the wheat plant during the last week.
The heavy
with regard to freight charges.
fall of rain in the spring naturally made farmers apprehensive
An important failure has taken place this week, that of
Messrs. Hazard & Caldecolt, wool brokers.
The liabilities are about the crop, but the recent fine weather has had a most bene¬
estimated at £500,000, of which about one-third is secured.
In ficial effect, and there is now reason to believe in more than an
consequence of that failure, Messrs. George M. Keill & Co. have average crop. It is believed, also, that the quality of the produce
will be good, and consequently a marked improvement, compared
also suspended payment, with liabilities estimated at £250,000 to
with the last three seasons, is tolerably certain.
£300,000. The difficulties are attributed to the recent depressed
Advices from the Continent, as well as from tbe United States,
state of the wool trade, and to the failure of remittances from
are equally satisfactory, and there seems now to be no reason to
the Cape Of Good Hope.
Tenders were received on Wednesday for £1,000,000
per doubt that there will be a large production of wheat in the world
this season.
The crops are everywhere approaching maturity at
cent debentures for the Government of the Cape of Good Hope.
a rapid pace, and in the southern parls of the
Continent the
The amount applied for was £2,266,000, at prices varying from
wheat harvest has been fairly completed.
In consequence of the
96^ to 98£. Tenders at £97 11s. and above, wilLreceive in full,
bright prospect with regard to supplies, the firmness which has
and those at £97 10s. 6d., about 70 per cent.
Annexed are the closing prices of Consols and the principal been recently manifesting itself in the trade has, during the last
few days, been disappearing, and business is now of a very
American securities at to-day’s market, compared with those of
restricted and cautious character. At this perioi of the year, the
Saturday last:
Redm.
state of the weather has naturally a preponderating influence on
July 20.
July 13.
95#@
95J4
Consols
96#©96^ 109
prices, and the result of the recent bright days has been that the
@110
United States 6?
188! 109 @110
104 @105
103#@104#
upward movement in values has not only been checked, but
Do
5-20s
1885
10?#©108#
Do
1867, 6s
1887 107J4@108
advance which had been established has been lost.
Prices
the
Do
funded, 5s
1881 108#@109# 108^ @108^4
Do
10-408,58....
1904 U0#@1U# :io#@m^ are, in fact, quoted lower, not only in this country, but also on
Do
1891 106 @106# 106^(^107
funded, 4#s
102 @104
the Continent and in the United States.
A fair quantity of wheat
Do
4s
1907 102 @104
42 @ 52
42 @ 52
Louisiana Levee, 8s
1875 42
is
on
passage to this country, and the stocks here have recently
42 @ 52
@ 52
Do
6s
106 @108
increased. The immediately available, as well as the prospective,
18S8 106 @108
Massachusetts 5s
103 @110
1894 108 @110
Do
5s
107 @109
supplies are therefore large, and hence the return of dulness in
Do
5s
1900 107 @109
included £7,800
,
Do
Do
Do
1889
1891
1895
58
5s
5s
Virginia stock 5s
Do
Do
68
1905
New funded 6s.
AMERICAN DOLLAR BONDS
Albany & Suequehanna cons. mort. 7s.
Nos.501
1,500, inclusive,guar, by Del.&Hud.Canal..1906
Atlantic & Great Western 1st M., $1,000, 7s... 1902
Do
2d mort., $1.000,7s..1902
3d mort., $1,000
Do
1902
Do 1st mort. Trustees’ certificates
2d
3d.
do
do
do
do
....
Atlantic Mississippi & Ohio, Con. mort., 7s
1905
do
Committee of Bondholders’ ctfs
Baltimore & Potomac (Main Line) 1st mort, 6s. 1911
do
(Tunnel) 1st mortgage, 6s.
(guar, by Pennsylvania & No.
Cent,Railways).1911
Burl. Cedar Rap. & No. RR. of Iowa, 1st
Central of New Jersey shares
Do
cons. mort.. 7s.
mort
1899
Do
ex funded coups, from April 1,1817,
to July 1, 1879, inclusive
Central Pacific of California, 1st mort., 6s
1896
DoCalifor.&Oregon Div.lstmort,gld.bds,6s.l892
Do Land grant bonds, 6s
1890
Chicago Burl.& Quincy sinking fund
bonds, 5s
Del. & Hud. Can. mortgage bonds, 7s.
Detroit & Milwaukee 1st mortgage, 7s.
Do
2d mortgage^ 8s
@108
@108
@109
@ 32
@ 30
@ 59
106
106
107
28
25
57
@108
@108
@109
@ 32
@ 30
@ 59
AND 8HARES.
to
Do
Do
106
106
107
28
25
57
...
1875
1875
99
27
10
@101
@ 29
@ 10 H
5#© 6J4
28 @ 30
10 @ 12
5#@ 6#
27 @ 29
27 @ 29
88 @ 90
99
26
10
@101
@ 28
@ 10 H
5!4@ tya
27 @ 29
10
@ 12
5#@
6#
28
28
90
@ 30
@ 30
92
@
@
@
@
90
70
42
94
£8
68
40
92
@ 90
@ 70
@ 41
@ 94
78
@ 80
76
108
94
98
95
102
45
45
@ 78
87
68
41
167^4 @108#
94 @ 97
98
95
102
45
45
@100
@ 97
@104
@ 50
@ 50
@ 92
the trade.
ended July 13, the sales of home-grown wheat
in the 150 principal markets of England and Wales amounted to
15,661 quarters, against 16,785 quarters last year; and it is esti¬
mated that in the whole Kingdom they were about 63,000 quarters,
against 67,000 quarters in 1877. Since harvest, the sales in the
150 principal markets have been 1,798,540 quarters, against 1,899,170 quarters ; while it is computed that they have been in the
whole Kingdom 7,194,160 quarters, against 7,596,500 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 :
During the week
1877-8.
49,76 i, 390 37,82L*179
6,023,393
Imports of wheat
@109
Imports of flour
Sales of home-grown
@ 97
@100
@ 97
Exports of wheat
@104
@ 50
@ 50
1876-7.
cwt.
7,384,302
produce. ....31,174,703
47,303,069
5,508,402
34,046,600
..88,323,392 76,768,072 83,860,071
Total
and flour
Result
Aver,
32,920,000
1875-6.
CWt.
price of Eng. wheat for season
1,543,979
784,142
874,820
1874-6.
cwt.
36,111,102
5,905,937
44,957,100
86,972.141
238,361
86,779,413 75,983,930 85,985,251 86,715,780
50s. 8d.
53s. 3d.
45a. lOd.
43s. 7d.
114
The
THE CHRONICLE.
following figures
show the imports and exports of cereal
produce into and from the United
Kingdom since harvest, viz.:
from the 1st
A valuable
return, just printed by the Board of
Trade, on the
motion of Sir G.
Balfour, gives the number of cattle,
of
with the
September to the close of last week,
compared
corresponding periods in the three previous years:
Wheat
in great Britain and
Ireland,
separately, in each of the years 18G6 to 1877
; number and value
Barley
Oats
Peas
Beans
Indian Corn
Flour
.
i,384,302
•
of
1876-7.
1875-6.
37.824,179
12,000,719
10,281,212
1.208,353
47,305,069
4,019,359
30,426.781
3,526.2)9
1874-5.
7,64',086
12,158,016
9,082,277
1,721,356
2,598,325
25,506,362
6,023,893
742,972
Barley
846,535
48,999
85.212
Oats
Peas
Beans
Indian Corn
22,430
27,322
19,240
221,752
.
Flour
462,036
80,290
41,170
The
prices of butchers’
202,787
23,533
352,309
38,284
9,310
48,555
23,285
46.053
55,574
£11.575
£20,959
plates
.tons.
tons.
tons.
tons.
223
value.
Paper, writ’g, print’g & envelopes.cwt.
Do.other kinds,except paper
hang’s.cwt.
Salt
gals.
4,770
value.
£4,631
1,354
38,100
175,751
126
123
12.845
10,397
£84
£943
£1,922
£436
£3,628
20,000
1,045,3(0
1877
55.500
811,400
885,100
23,503
6,000
16.500
cwt.
Apparel and slops
Bags
Beer and ale
Copper, unwrought
Copper, wrought
Cotton piece-goods
’.
Earthenware and porcelain
Haberdashery and millinery
Hardware and cutlery
Iron, pig
Iron, bar, &c
Iron, railroad
Iron, hoops,
sheets,
plates
Iron, tinned plates
Iron, cast or wrought
Iron, old, for
re
..
—
and
value.
doz.
bbls.
997,190
£10,612
494,786
13,185
cwt.
cwt.
30
9 025
100
189
8!8
£156,507
£188,406
21,315
manufacture
Machinery
Paper, writiug or printing
Paper, other kinds
Salt
3, *,46
43,005
682
2,522
128
667
88,191
125,711
£3,184
104,824
value.
2,278
99,116
104,316
£1,937
£15,684
£15,360
21,913
£27,452
23,067
18,073
4,824
635,500
256,678
5,374,985
yds.
870,000
yds. 22,269,000
yds.
612,400
the
£74,047
£32,855
6,114
lbs.
150,336
lbs. 1*4,009,198
Carpets
'
160,026
£1,787
£.26,283
£12,908
cwt.
Worsted stud's
14,372,800
2,177
£33,166
£:0.613
21,559
£34,196
3,954,097
775,680
17,190,700
235,400
646,200
15,817,500
233.600
principal articles
United States in June and in the six
months
1876.
Flour.
Cotton
cwt.
Pacific ports
Hides, wet
Tallow
cwt.
Pacific ports
Hides, wet
Tallow.
...
•
,.
.
.
.
.
.
.
.
4,654.905
5,663,150
4.894,850
5,418,584
5,265,041
31,835,757
32,124,598
31,426,309
32,749,167
33,093,439
33,444,119
7,326,288
7,260,119
6,012,551
were as
follows:
•
538,210
136,165
67,586
2,166,172
360,862
515,889
403,139
7.448
253,032
39,323
42,252
259,491
497,323
9,622
281
5,969,428
4,779,375
1.306,216
5,658,027
61,267
304,479
!
812,072
5,736,711
71,157
317,999
!
12,812,576
3,282,584
2,002,950
6,451,249
12,573
291,421
31,922,095
37,774,143
25,956,520
19,882,181
20,725,483
31’,049,655
41,36S349
39,432,624
37,351,069
34,170,221
42,691,464
51,228,816
51,737,811
51,070,202
53.086,691
51,812,438
63,536,822
8.
d.
0 18 3
0 17
0
1 9 1
1 11 11
1 14
5
1
6 10
1 4 6
1
6 9
1 12 10
1 18
3
1 16 »
1 17 5
1 14 4
2
1
3
2 6 8
2 10 5
2 10 4
2 12 8
2 13 9
2 19 7
41,870,517
46,285,142
50,293,118
39,452,916
36,314,513
89,911,734
49,372,428
58, *06,062
55,408,803
57,840,109
53,598,838
64,948,282
74,227,9:9
81,011,362
81,560,201
293,785
86
88,924,204
99,692,899
seamen
London
of
Money and Stock Market.—The directors of the Bank
England, at their meeting on Thursday, fixed the rate of dis¬
count at 4 per
cent, an increase of \ per cent. The bullion in
the
during the week.
Bank has decreased £231,000
sat.
95 3-16
95 3-16
.108
1867....108
.
O.S.6s(5-20s)
O. 8.10-408
5s;of 1881
New 4#s
Mon.
Tues.
Wed.
Thur.
95#
95#
94 13-16
94 13-16
94 13-16
94 13-16
94 13-18
95
1-16
108
111#
Ill#
.108#
108#
107#
111#
106#
111#
108#
107#
,106#
106#
107#
108#
107#
107#
Flour (extra State)
tfbbl
Wheat (R. W. spring).ctl
"
(Red winter)
“
“
(Av. Cal. white).. “
“
(C. White club)... "
Corn (new W. mix.) $
qnar.
Peas (Canadian) $ quarter.
d,
24 6
8 10
9
8
10
1
10
4
*22
6
34
3
s.
d
24 6
8 10
9
8
10 1
10 4
22 6
34 3
Tues.
s. d.
25
0
8 10
9 6
10 1
10 4
22 3
34 0
94#
107
107
106#
a
s.
Fri.
94 11-16
107#
111#
108#
111#
Liverpool Ootton Market.—See special report of
Liverpool Breadstuff8 Market.—
111#
108#
cotton.
Wed.
s.
d.
Thur.
d.
s.
25
25
Fri.
d.
s.
25 0
8 10
9 6
10 1
10 4
22 3
34 0
0
8 10
9 6
10 1
10 4
22 3
34 0
Wed.
Thur.
0
8 10
9
6
10 0
10 3
22 6
33 6
Liverpool Provisions Market.—
Sat.
Bacon(lfg cl. in.)
$cwi 30
Lard (American)....
“
Cheese (Am. fine) new “
Mon.
d.
d.
Beef (prime mess) # tc.
72
Pork (W’t. mess). ..# bbl 49
37
44
s.
6
0
0
6
0
72
49
30
38
44
6
0
0
3
0
Tues.
s. d.
72
49
30
8
0
38
3
0
6
43
s.
d.
s.
72
6
0
6
3
0
72
49
31
38
43
49
30
38
43
Fri.
d.
d.
s.
6
0
0
0
0
72
49
31
38
43
6
0
0
0
0
Liverpool Produce Market.—
Sat.
s. d.
46,873
2,692,033
7,lf6,508
18,041,203
31,676,353
£
25,898,471
24,339,598
laily closing quotations in the markets of London and Liver*
pool for the past week have been reported by cable, as shown in
the following summary:
s.
1878.
4,343,592
4,660,629
8,076,304
9,151,078
10,630,734
10,841,324
12,157,010
12,667,838
13,483,715
12.489,331
13.277,683
15,189,933
14,773,712
16,593,663
18,604,273
23,854,967
25,224,958
25,860,806
29,851,647
30,144,013
Easllsh market Reports—Per
Cable.
.
1877.
lation.
£
The
...
1,171.512
721,212
Total.
£
20,lb4,811
Exclusive of the army and navy and merchant
IN SIX MONTHS.
Wheat—Allantic ports.
Flour
Cotton
.
,.
29,851,903
30,076,812
30,334,993
30,617,718
30,913,513
31,205,444
31,513,442
received from the
IN JUNE.
Wheat—Atlantic ports
.
992
726
932
gals.
some of
309
.
52,715
40, E87,700
cloth
imports of
977
43,046,800
19,214,930
£86,736
Spirits (British)
other than paper
£145,969
12,612
2,505
1,967
53,590
1,252
1,953
8,186
1,683
2,533
2.724
3,8 6
tons.
Stationer}',
£279,616
29,433,918
29,628,578
.
.
.
'
1.390,068
1,634,766
2,117.860
2,211,969
1.883,236
2,655,072
4,275,322
6,548,413
5,839,058
4,148,382
2,698,496
5,291,087
per head
of popu-
abroad.
Beef, meat salted or fresh, meat preserved otherwise than
by salting, pork,
bacon and hams, butter,
cheese, eggs and potatoes.
+
£164,749
yds. 43,069,500
yds 24.260.600
value. £127,519
cwt.
1,661
cwt.
1,304
Silk broad-stud’s
yds.
Silk ribbons
value.
Other articles of silk
only
value.
Articles of silk and other
inaterial.value.
Tin, unwrought
Wool, English
Wool, colonial and foreign
Woolen
721
22.385,200
2,153
2,502
93
tons.
tons.
tons.
417,7S2
7,941
23,616
917
tons.
tons.
Jute manufactures
203,120
33,392,200
£294,877
£134,515
£141,213
;.
1874
*
28,974.362
29,255,015
.
1,124,695
£2*;265
£•53,260
yds. 31.461.600
£234,135
value.
value.
value.
tons.
tons.
tons.
boiler
tons.
Steel, unwrought
Lead, pig, &c
Linen piece-goods,...
1,078,115
.
.
1872
1873
81,600
78,500
.
1871..
1375
1876
441
28,389,770
2^,590,224
28,778,411
.
£
Vaine
—*
Live
United
£
1869
1870
£3,649
1,478
1,689,313
1,179,800
1862
1863...
1864
1865
1866
1867
1868
2,003
£ 1,678
4,229
IN SIX MONTHS.
Alkali
The
£8,068
1.4P5
£103
50,300
yds.
3.220*700
2,092,700
16,062
£1,843
£1,123
yds.
yds.
Carpets
1859
ISbO
isei
37
95
8,399
£344
lbs.
lbs.
Woolen cloth
Worsted studs
132
54
391
£21,049
9,625
cwTt.
Wool, English
Wool, colonial and foreign
1853
353
Silk broad-stud's....
yds.
Silk ribbons
;
•
value.
Other articles of silk
only
value.
Artie’es of silk & other
materials.value.'
than paper
10,723
3,611,100
2,336,230
463
...tons.
Spirits (British)....
10,553
540
31
3,315,200
Years.
52
125
124
Import?.
Cattle, Cern,
Dead Meat
G-ain and
Sheep
and
Kingdom.* and Pigs.
Flour.
Provisions.!
No.
of the
309
825
511
•
3,590,100
£17,492
Population
1,S51
378
19
255
yds.
yds.
Machinery
£11,612
3,894
625
740
tons.
tons.
Linen piece goods
Jute manufactures....
Stationery, other
Tin, unwrought
£19,093
6,>96
population (estimated at the middle of each
year),
imports of live stock, corn and grain, and various
kinds of dead meat and
provisions, in each of the years 1858 to
1877, and proportion per head of population:
the value of
1~2
£20,108
1.890
.
forth the
-
2,272,700
£43,523
c4
3
boiler-
Iron, tinned plates
Iron, cast or WTonght
Iron, old, for re-inanuf&cture
Steel, unwrought
Lead, pig, rolled, &c
*
5,033,500
£50,538
£11,224
4,515
tons
and
*
1878
160,5:74
£3,073
103,007
1,168
4
2,5'9,~00
£38,014
value.
value.
tons.
tons.
sheets,
*
....
value.
millinery...
.
10
cwt.
Hardware and cutlery
Iron, pig, &c
Iron, bar. &c.
Iron, railroad
Iron, hoops,
1,501
cwt.
Earthenware and porcelain
and
131.772
bbls.
Copper, unwrought
Copper, wrought
Colton piece-goods
Haberdashery
1877.
185,146
£2,651
40,410
1,152
£7,991
doz
Beer and ale
1876.
202,404
average
Cattle Market in
Metropolitan
acreage under corn and
and under permanent pasture,
respectively, in Great
Britain and Ireland, and in the United
Kingdom, in each of the
years 1808 to 1877; quantities of British
wheat, barley and oats
returned as sold in various market
towns in England and
Wales,
with the average prices
(per imperial quarter) in each of the years
1858 to 1877; and
quantities and value of wheat and other
kinds of grain and flour
imported into the United Kingdom in
each of the years 1858 to
1877. We give the last
table, which
sets
IX JUNK.
cwt.
.value.
value.
at the
green crops,
years:
Apparel and slops
Bagp and tacks
King¬
average prices of various
1877; number of cattle, sheep and
pigs
brought into the Metropolitan Cattle Market and into the
Foreign
Market, distinguishing the home from the
foreign sup¬
ply, in each of the years 1868 to 1877;
77,407
18,428
2,647
following returns show the extent of our exports of British
produce and manufactures, and of colonial and
foreign
wool, to the United States in June, and
the six months
during
ended June 30,
compared with the corresponding
period in the
two
Alkali
meat
each of the years 1858 to
186,999
and Irish
previous
1877;
kinds of animals, dead meat and
provisions imported into the
United Kingdom in each of the
years 1854 to 1877;
5,905,937
EXPORTS.
Wheat
dom in each of the
years 1858 to
14,368,969
5,508,402
cattle, sheep and pigs imported into the
United Kingdom in
1877; quantities and value of various
provisions imported inlo the United
each of the years 1858 to
kinds of dead meat and
36,111,102
9,924,551
1,319,296
sheep and
pigs in the United Kingdom, and
IMPORTS.
1877-8.
[VOL. XXVII.
Rosin (common)... $ cwt..
“
(fine)
Petroleuin(reflned)...
4
“
5
10
gal
”
(spirits)
Tallow(prime City).. V cwt. 37
SDirits turpentine
Cloverseed (Amer. red)
“
23
40
0
0
Mon.
s. d.
5
10
9#
6#
6
3
0
37
23
40
0
0
Tues.
8/
5
10
9#
6#
3
3
0
d.
0
0
Wed.
s.
d.
5
0
0
10
9#
37
23
40
9#
6#
6#
3
3
0
37
23
40
3
3
0
Tnar.
d.
s.
5
10
’
37
23
40
0
0
8.
5
10
9#
6#
3
0
0
Fri.
d.
0
0
9#
37
23
40
6#
3
0
0
August
115
THE CHRONICLE.
3, 1878.j
of advances of the Eastern Railroad Company
London Produce and Oil Markets.—
Sat.
£ s. d.
tn. 8 10 0
Lins’dc’ke(obl).$f
Linseed (Cal.) $ quar.
51 0
8ugar(No.l2 D’ch std)
on spot, $ cwt
21 6
Sperm oil
# tun. .69 0 0
Mon.
£. s. d.
8 10 0
51 0
Wed.
Tnes.
£ s. d.
8 10 0
51 0
£ s. d.
8 10 0
51 0
Thar.
£ 8. d.
8 10 0
51 0
23
6) 0
35 0
28 15
6
0
0
0
Frl
£ s. d.
8 10 0
51 0
23
0
35 0
28 15
6
(exclusive of its
subscription to stock; amounted to $1,000,000. In payment of
this indebtedness the corporation issued to the E stern Railroad
$1,000,000 of its bonds, bearing 7 per cent interest and having
twenty years to run from
December 1, 1872.
After September,
1874, other advances continued to be made by the Eastern Rail¬
0
69 0 0
road,
so that there is now due on current account, without
0
Whale oil
“ .£5 0 0 35 0 0
0
and after deducting sundry small payments and
interest,
5
0
0
29
Linseed oil....18 ton .29 5
No part of the interest
credits, the sum of $14,396 54.
on the $1,000,000 bonds issued, as just stated, has ever been
OfowMcrctaX autX
paid by this corporation; consequently, the total debt
of the corporation, matured June 1, 1878, is $399,396 54.
Imports and Exports for thb Wbbk.—The imports last The assets of the corporation may be easily stated, though their
week showed an increase in dry goods and a decrease in general exact value may be difficult to estimate. Of $1,000,000 bonds
issued as above stated, $514,000 were sold by the Eastern Rail¬
merchandise.
The total imports were $4,980,659, against road
Company with its guaranty of both principal and interest.
$5,940,340 the preceding week and $4,115,046 two weeks pre¬ The coupons becoming due on these bonds prior to December 1,
vious.
The exports for the week ended July 30 amounted to 1877, were regularly paid by the Eastern Railroad Company, but
under recent decisions of the Supreme Court of Massachusetts
$7,460,868, against $7,018,127 last week and $5,413,092 the pre¬ the Eastern Railroad is declared
to be without right or power to
vious week. The following are the imports at New York tor
continue payment of interest on these bonds.
It is further held
week ending (for dry goods) July 25 and for the week ending by the same court that the Eastern Railroad cannoj. take up
either the bonds or coupons by issuing certificates of indebted¬
(for general merchandise) July 26:
ness for them.
These are the only assets of the corporation for
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
the payment of debts on the road and other property of the cor¬
1878
1877.
1876.
1875.
$1,609,405 poration. These are subject, however, to the following incum¬
$1,596,105
$2,043,815
$2,118,365
Drygoods
brances: First, under the lease of September 12, 18T0, a lease
4,6Jl,498
3,371,254
General merchandise...
3,119,834
3,6S5,40i
23 6
23
69 0
35 0
29 0
23
69 0
35 0
29 0
6
0
0
0
6
69
0
0
0
H&iscsXIati&crtfs Hears.
Total for the week.
$5,303,769
Previously reported.... 201,100,766
Since Jan. 1
In
our
.$206,901,535
$5,163,729
170,095,460
$6,217,603
190,327,623
$4,980,659
158,778.213
$175,264,189
$196,545,226
$163,758,872
report of the dry goods trade will be found
the imports
of
dry goods for one week later.
following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending
July 30:
The
EXPORTS FROM NEW YORK FOR THE WEEK.
subsequently ratified by the legislature of New Hampshire, all
the road is demised to the Eastern Railroad in New
Hampshire for sixty-nine years from that date, the rental to be
such dividends to the stockholders of this corporation, share for
share, as the Eastern Railroad in New Hampshire pays its own
stockholders, such dividends to be in lieu of, audio full for. all rent,
as well when the Eastern Railroad in New Hampshire makes divi¬
property of
own stockholders as when it does not. Second, the East¬
Railroad Company having paid and taken up coupons due prior
to Dec. 1, 1877, on $514,000 bonds sold by it with its guaranty,
has had since the summer of 1877 a first attachment for about
dend to its
ern
all the rights, franchises, and property of the cor¬
Thus
the right of the stockholders to dividends uuder
$5,793,283
$4,790,941
$5,140,795
$7,160,868
150,244,732
189,593,815 the lease of 1870 being excluded, the only assets of the corpora¬
Previously reported.... 138.159,031
143,952,985
tion are the reversion in its road and other property, and the
Since Jan. 1
$143,952,317
$148,743,926 $155,3S5,577
$197,054,633 right to hold and enjoy them after the lapse of sixty-one yearn.
The following will show the exports of specie from the port of The present value of this reversionary right it is, of course,
If sold in open market it is diffi¬
New York for the week ending July 27, 1878, and also a com. almost impossible to estimate.
cult to see how it could produce any considerable sum ; and
parison of the total since Jan. 1, 1878, with the corresponding whatever it may be deemed to be worth or might produce, if
totals for several previous years:
sold, the secured claim of the railroad company for the sum above
July 24—Str. Santiago de Cuba...Havana
Span, doubloons,. $173,250 mentioned would have to he satisfied in priority to any claims of
July 25-Str. Baltic
Liverpool
Mex. silver dels..
59,897 the general creditors.
In this situation of affairs of the corpora¬
July 25—Str. Lessing
London
Mex. silver dols..
22,000
tion,
the
directors
have
called the stockholders together for the
July 27—Str. Donau
Southampton
Amer. silver bars.
25,000
Mex. silver dols..
41,816 purpose of determining what their interest may require, and
anticipating that bankruptcy m^ght be deemed the only practi¬
Total for the week ($118,743 silver, and $173,250 gold)
$321,993 cable solution of
existing difficulties, they so framed the call for
Previously reported ($3,843,044 silver, and $5,081,593 gold)
8,924,934
to
j the meeting as
enable the corporation to take the necessary
Total since Jan. 1, 1878 ($3,991,787 silver, and $5,255,140 gold).... $9,245,927 steps
to go into bankruptcy, if that course should be found advis¬
able. After the reading of the above report, the meeting adjourned
Same time inI
Same time in—
1877
to August 14, with a view of making some amicable arrange¬
I 1871
1876
1 1870
ments.
1875
I 1869..
A meeting of the bondholders was held in Boston, July 25, at
1874
1868
1876.
1875.
$200,000
poration.
187S.
1877.
For the week
1873
1872
been
submitted, showing that the Eastern Com¬
pany, which holds a controlling interest in the stock, purposes
which
1867
18S6
The
imports of specie at this port during the same periods have
as
follows:
July 22—Str. City of New York..Vera Cruz
Amer. silver
$5,662
Foreign silver....
July 22—Str. Ails a
Aspinwall
J uly 23—Str. Labrador
Havre...
July 24—Str. Acapulco
Aspinwall
J uly 27—Str. City of Paris
.
St. Thomas
180,587
Foreign gold
2V000
Amer. gold
Amer. silver.,....
Amer. gold
Gold dust
Amer. silver
1.200
855
Foreign silver
...
Amer. silver
Amer. gold
Gold dust
Amer. silver......
Total for the week ($293,411 silver, and $6,800 gold).
Previously reported ($9,013,204 silver, and $4,619,014 gold)
1,0C0
1,120
77,8 6
350
12,731
1,050
439
$300,211
13,632.218
-
as
»—
Customs.
July
“
“
27
29
30
Receipts.
Coin.
$155,000 $5,577,037 28
410,000
543,072 26
418,000
455,721 53
“
31
361,000
“
1
2
599,000
329,000
"
Sub-Treasury have been
follows:
£
465,738 65
827,776 f8
572,967 16
—\
<
Payments.
,
Currency.
$576,515 60
1,159,497 35
Currency.
Coin.
$609,854 38 $1,375,024 05
867,179 23
102.426 16
53«.’i 54
225,951 16
5S634 98
200,546 62
203,052 53
1.037,392 63
638,947 25
620,976 36
a
statement was
putting this company into voluntary bankruptcy. The bondhold¬
agreed to appoint J. W. Converse, W. B. Howe, J. W. Emery,
and Seth J. Thomas a committee to represent their interests, and
and to pay an assessment of 1 per cent to meet the expenses of
such legal proceedings as may be necessary.
—The German Bank of Little Rock, Ark., makes the following
statement as of July 1,1878: ers
LIABILITIES.
$75,003
20,000
Capital stock
Surplus fund
Undivided profits
Due depositors
Due banks and bankers
...
818,852
716,526
596,094
692,870
78
30
90
91
5,386
182,383
13,357
.'
15,420
Total since Tan. 1, 1878 ($9,306,615 silver, and $1,625,814 gold)...$13,932,429
Same time inSame time in—
1877
$7,699,160 1871
$7,424,449
1876
2,593,492 1870
7,360,688
9.784.778
1875....,
7,976.071 1869
1874
4.264,010
3,041,822 1868
1873
2,835,088 1867....
1,743,562
1872
2,(90,931
The transactions for the week at the
on
$296,133
RESOURCES.
Bills receivable
Bills of exchange
Overdrafts
Furnit ure and vault
Revenue and Post-office stamps
Cash..
Bank exchange
Government bonds.
$100,399
26,934
2,476
1,830
$39, *163
374
54,373
70,250—164,116
$296,133
—Attention is called to the announcement of the Point Pleasant
Land Company, which will be found in our advertising columns.
This company proposes to distribute, by a drawing to take place
August 24,1878, a number of lots, 50 by 125 feet, situated on the
company’s seaside property, about two and one-half miles south
of Squan, N. J.
Every share of $275 will draw a lot, and there
are no
blanks.
—Messrs. H. S. King & Co., of London, give notice
have opened a branch in Cyprus for the transaction of
that they
Banking,
shipping and forwarding business. This is a good speci¬
Total
$2,082,000 $8,442,313 57 $4,420,589 12 $2,745,947 77 $4,560,389 85 men of business energy and activity ; for hardly are the English
Balance, July 26
119,634,705 51 48,259,134 91
forces in occupation of the Island when this banking house
Balance, Aug. 2
announces its branch ready for business in the new possessions.
125,321,071 31 48,119,331 18
—With the view of increasing the revenues of the Houston &
Portsmouth Great Falls & Conway.—A special meeting of
the stockholders was held in Portsmouth July 30.
A report was Texas Central and International & Great Northern railroad
presented stating that the entire debt of the corporation is on companies, the managers of the respective companies have
account of construction.
By September, 1874, the aggregate recently arranged for a large advance in freight rates.
agency,
116
THE CHRONICLE.
Closing prices at the N. Y. Board have
Jglxc JkmlvCiV (Sa^.ctte.
No National Banks
I D a N
J) s
Per
j
Company.
6s,
Os,
6s,
6s,
(quar.)..
4
1
Illinois Central
3
Massawippi
1
Terre Haute &
Indianapolis
Aug.
Aug.
:
4
.
4
4
3
Aug. 10.
Aug. 5.
St. Nicholas
5
Miscellaneous.
Pullman Palace Car Co. (quar.)
Aug.
2
Aug. In.
Insurance.
4*2S, 1891
reg.
coup.
Q.-Mar.
*
10478 *10434
Q.-Mar. 1047b 1017b
reg. Q.-Jan. *100*2 *100*2
coup. Q.-Jan. *100*2 100*8
July
follows:
July
30.
31.
Aug.
Aug.
1.
2.
*107*2 107*8 *107*2
107*2 *10738 *10738
*102*2 102*2 102*2
102*2 *102*2 102*2
105*4 *105
*105
1051s *105
*105*8
-107*2 *107*2 *107*2
*108
*108
109*8 x00*8
108
100*2
109*8
106*2
109*4 109*8
*100*8 106*2
10734 XO630 10B3S
1047s 1047s *1043i *10434
*10434 10434 10134 :t104*s
100*8 100*2 *100*8 10034
100*2 *100*2 *100*8 100*8
120*8 *120 *2 *120*2 120*8
4s, 1907
4s, 1907
Os, cur’cy, ’95-99 .reg. J. & J. 12034 120*8
*
This is the price bid; no sale was made at the Board.
The range in prices since Jan.
1, 1878, and the amount of each
class of bonds outstanding
Aug. 1, 1878, were as follows:
1.
Range since Jail. 1, 1878.
FRIDAY, AUGUST 2, 1878-5 P. M.
Tlie
29.
as
1881
reg.
1881
coup.
5-20s, 1865...reg.
5-20s, 1865 .coup.
4*2-s, 1891
Aug. 5.
Ranks.
Bank of the Manhattan Co.
National Bank of the Republic
1.
1.
Sept. 2. Aug. 15 to Sep
Aug. J.
July
been
*107*2 107*8 *107*2
*107*2 *107*2 107*2
Y023s 302*2 1023q
*10238 102*2 *10238
10534 105 38 105*4
105*8 1053g 105*4
*107*2 IO7S4 107*2
*108
*108
*108
10914 109*4 109*4
109*4 10938 109*4
100*8 100*8 10(534
5s, fund., 1881..coup. Q.-Feb. *10734 10734 10734
Railroads.
Atlanta & West Point
Cedar Rapids <fc Mo. River com.
Cedar Rapids & Mo. River pref
27.
J. & J.
J. & J.
J. & J.
J. & J.
6s, 5-20s, 1807...reg. J. & J.
Os, 5-20s, 1867 .coup. J. & J
Os, 5-20s, 1808...reg. J. & J.
Os, 5-20s, 1808 .coup. J. & J.
5s, 10-40s
S.
reg. M.
5s, 10-40s
S.
coup. M.
5s, fund., 1881.. .reg. Q.-Feb.
When
Books Closed.
Payable. (Days inclusive.)
Cent.
July
Period
.
The following dividends have recently been announced
op
Interest
organized during the past week.
B I V
Name
[VOL XXVII.
Lowest.
Money Market and Financial Situation.—The atten¬
tion of financial circles has been almost
wholly engrossed this
week with the movement of the stock market. The
attack begun
last week on the
granger stocks has been continued, and their
prices, under a vigorous hammering, have touched the lowest
points reached this year. The operations of the parties who com¬
menced to bear the stocks of the Western
grain-carrying roads
have been eminently
successful, and on the other hand it is
remarked that the heavy decline has
evidently fallen on strong
parties, apparently quite able to hear it, as there has not been a
failure of any consequence
during the week, and a fall in stocks
Os, 1881
Highest.
cp. 105*8 Feb. 25 11034 June 27
Gs,5-20s,’05.cp. 102*4 July 22 105*8 June 6
6s, 5-20s,’07.cp. 105
Feb.
Os, 5-20s,’08.cp. 1003r Jan.
5s, 10-40s...cp. 1037s Mch.
5s,fund.,’81.cp. 10234 Feb.
4*2S, 1891 ..cp. 1017s Mch.
4 s, 1907
cp. 100*4 July
6s, cur’ncy.reg. 117 *4: Apr.
0 108*8 June27
2 111 *4 Juue28
1 1093s July 29
25 107 7s
July 30
1 10478 May 24
1 10234 Jan. 9
Amount Aug. 1.
Registered.
Coupon.
$196,009,550
$S0,720^.800
51,129,900
107,059,150
10,029,000
144,280,800
235,304,450
155,112,100
80,597.350
04,623,512
5 122*8 May 25
50,068,500
202,957,050
21,436,300
50,285,500
273,075,900
90,887,900
32,252,650
State and Railroad
Ronds.—There has been little activity
in State bonds, except in Louisiana
consols, which, after declining
to 72 and a fraction on the
yellow-fever reports from New'Orleans,
sold to-day at 74.
Railroad bonds have been influenced
slightly by the depression
moderate business, the prices of some
the popular bonds have been a trifle easier.
Reports from
numerous failures
among brokers.
Washington
state that numerous applications have been received
The money market has been
to get information as to
very little influenced by the flurry
pre-empting Pacific Railroad lands, under
in stocks, and on Government bonds
quantities of money are Secretary Scliurz’s decision, and the matter remains as yet in an
pressed for use at 1@1£ per cent on call, or even on 30 to 60 unsettled condition. It seems clear that the
land-grant mortgages
days’ time, while on stock collaterals the rates for call loans are have a
perfectly good lien, and any person buying the lands will
2@2| per cent. Prime paper is still quoted at 3 to 4 per cent.
take them subject to these
mortgages. The law reading that
The Bank of England statement on
Thursday showed a loss in “lands not sold or disposed of” might be pre-empted, was equiv¬
specie of £231,000 for the week, and a reserve of 34 7-10
alent to reading that “lands not sold, or contracted to be
per
sold, or
cent of liabilities,
against 37 7-16 the previous week.
The dis¬ mortgaged,” might be pre-empted, and if this view is
correct,
count rate was advanced to 4
the equitable right of the bondholders is
per cent, from 3^, the previous price.
indisputable. The
The Bank of Fiance showed a loss of
3,400,000 francs in specie. mortgage was in the nature of a definite conveyance of the land
The last statement of the New York
City Clearing House banks, to trustees for the benefit of bondholders. '1 he subject was most
issued July 27, showed a decrease of
$*1,660,700 in the excess carefully considered by able lawyers before the land mortgages
above their 25 per cent
legal reserve, the whole of such excess were executed.
being $22,571,775, against $24,232,475 the previous week.
The following were sold at auction :
The following table shows the
changes
from
the
Bonds.
previous
week
Bonds.
.'
and a comparison with the two
$30,000 Oregon Central RR.
preceding years •
$1,000 income 8s, due in 1877,
of 15 to 20 per cent in so short
in this market without
time has seldom been witnessed
causing more or less of a panic and
1878.
Dilfer’nces fr’m
previous week.
July 27.
Loans and dis.
Specie
Circulation
Net deposits
..
.
Legal tenders.
a
$238,(536,000
Inc .$2,440,500
Dec. 2,30(5.000
19,695,600
19,078,000 Dec.
222,133,700 Inc.
58,409,000 Inc.
327,100
881.600
SOS^OOj
1877.
July 28.
1876.
July 29.
$249,109,(500 $250,505,000
13,984,100
15,517,900
221,0(54,900
57,325,200
in
of
223,^29,100
59,523,400
series L, due 1882, with
pons,
cou¬
including that of March
1, 1875, $162 per bond.
2,000—2 2d mort. bonds,
1882. with coupons from
1, 1874, $169 per bond.
large
induces
a very
$37,000—37 2d mortgage bonds,
United
States Bonds.—The
demand for Government securi¬
ties is very
and
distributed
widely
throughout the country.
The unsettling :of the holders of all issues
of five-twenties also
on
7s, .quid, due 1906
43*2
Mobile & Ohio RR. securities
(part of the assets of Duncan,
Sherman <fe Co.):
19,295,200
15,< 01,200
stocks, and,
due
March
$164 per bond.
400 shares stock, 2*4 per cent.
$10,850 73, uote of the Mobile <fc
Ohio RR., due Dec. 22, 1875;
$10,972 98, note, due February
22,
1876;
due
$10,911 86,
Closing prices for leading State and Railroad
weeks past,
note,
Jan. 22, 1876, witli 40
$1,000 consol, mort. bonds of
same company, at
$149 for tlie
lot.
$500 income 8 per cent bonds,
due 1878—$169 per bond.
Bonds for two
as follows:
and the range since Jan. 1,1878, have been
great deal of changing on their part for the issues bear¬
ing lower interest, mainly the 5 and 4£ per cent bonds. There has
July
Aug. Range since Jan. 1. 1878.
States.
been little or no
20.
2.
selling by the principal foreign hanking houses
Lowest.
Highest.
which have usually sold most of the bonds
brought here from Louisiana consols.*
74
73*2
London, but one firm having European connections has been a
(>934 June 8 85
Feb. 11
Missouri 6s, ’89 or ’90.
*105
*104*2 104*4 July 5 108
Juno22
large seller, possibly to the extent of $2,060,000 this week, and it North Carolina
6s, old
*14*4 *14*4 15
Mch. 29
18
May 25
is surmised that
*35
*34
they may he selling on speculation, although Tennessee 6s, old
33*2 Jan. 4 39*8 May 14
*72
Virginia 6s, consol
*72
they report the bonds coming from Germany.
do
do
2d series.. *27
*28
29
July 31 30
July 16
Washington telegrams of July 31 stated* that at the close of Dist. of Columbia,
3-65s
83
xS0*2 74 Apr. 12 85
June 10
business that day the
Railroads.
following exhibit was made of the amounts
subscribed for the 4 per cent loan in the
Central of N. J. 1st consol
*83
64*4 Mcli. 4 90
past four months: April, Central Pacific
July 11
1st, 6s, gold.. *i*0534 105*2 103*8 Jan. 15 105*8 June28
$4,978,150; May, $7,530,500; June, $8,052,100; July, $19,272,Chic. Burl.
Q. consols 7s.... 113*8
109
Jan.
2 113*2 June 15
200; total, $39,832,950.
Chic. & Northwest. cp.,gold..
98 34 917g Jan. 14 103*4 May 31
99*2
The Secretary of the
M.& St. P. cons. s. f. 7s..
90
*98*2
91*8 Jan.
5 10234 May 25
Treasury has issued the sixty-fourth call Chic.
Chic. R. I. & Pac. 6s; 1917... 108*s *108
for the redemption of 5-20 bonds.
106
Jan.
5 110*2 June 28
The call is for
$*5,000,000, of Erie 1st, 7s, extended
110
Jan.
which $2,500,000 are
7 116*4 July 8
coupon and $2,500,000 are registered bonds. Lake S. & M. S. 1st cons., cp.. •111
*111
109
Jan.' 10 112*4 May 27
The principal and interest will he
paid at the Treasury on and Michigan Central consol. 7s.. 112
105*8 Jan. 5 112
July 3
after the 80th day of October
Morris & Essex 1st mort
*118
*118
115*2 Jan. 5 120
next, and interest will cease on that N. Y. Cent.
Apr. 29
& Hud. lst,cp.... *117
11S
Jan.
7
122
June
26
day. Following are the descriptions of the bonds:
Ohio & Miss. eons. sink. fd..
*98*4
9734 95 7s Feb. 20 102*8 June 27
a
.
Coupon bonds dated July 1,1865, namely: $50, Nos.
69,001 to (19,500,
inclusive; $100, Nos. 117,001 to 120,000,
82,001 to 84,000, both inclusive; $1,000, Nos. both inclusive; $500, Nos.
151,001 to 157,000, both
both
inclusive.
Total coupon bonds, $2,500,000.
Registered bonds as follows: $50, Nos. 2,351 to
2,400, botli inclusive;
$100, Nes.l8,351 to 18,450, both inclusive;
$500, Nos. 10,601 to 10,700,
both inclusive; $1,000,
Nos. 35,451 to 35,850, both inclusive;
$5,000,
Nos. 9,901 to 10,250, both
inclusive; $10,000, Nos. 19,051 to 19,800, both
inclusive. Total registered
bonds, $2,500,000. Aggregate, $5,000,000.
Closing prices of securities in London have been as follows:
July July Aug.
19.
U. S. 6s, 5-20s, 1867
U. S. 5s, 10-40S
5s of 1881
New 4*2 per cents
108*4
111*4
108*4
1067s
26.
2.
Range since Jan, 1, 1878.
Lowest.
108*4 107
105 *4
111*2 111*4 104*2
10S34 10S*2 10338
107
10(>78 102*8
Highest.
Jan.
2 109*8 .Tune 8
Feb. 25 1115s July 30
Mch. 1 109*8 July 9
Feb. 25 107*4 July 30
Pitts. Ft. Wayne & Chic. 1st.. *118
-118
11S
St. Louis & Iron Mt. 1st m
*108
x!04 103
Union Pacific 1 st, 6s, gold.... 105*2 105*8 103*8
do
101
sinking fund
102'78 923s
*
This is the price bid; no sale
was
Feb.
Apr.
Jan.
Mch.
8 121*2
5 1093s
7 108%
6 105*4
June 13
May 24
June 28
July
9
made at the Board.
Railroad and
MIscellaneouct Stocks.—The week in
the
stock market has been one of the most remarkable on record.
A
further decline in the
Granger stocks, under very heavy sales, until
the lowest prices of the
year had been reache 1, has not been fol¬
lowed by a single failure of
importance among stock brokers, and
great excitement prevalent in the market,
there lias at no time been a
panic. There is undoubtedly truth
in the reports of serious
damage to wheat in the Northwestern
States, but it is also plain that these reports are used merely as a
handle by the parties
engineering the present downward turn in
the market.
Various reports are current as to the
positions held
notwithstanding the
.
by different operators in connection with the present striking
movement in stocks, and some of the daily press reports have
claimed that Messrs. Gould and Sage were both heavy losers by
it, but there has so far been no definite evidence that any promi¬
nent speculator has yet been crippled.
The Twenty-third street
party have been credited with making heavy sales on the bear
standing
grand bear
with extraordinary
these
with heavy
side.
It is unnecessary, however, to know the precise
of different operators to see that there has been a
attack on the Granger stocks, which has met
success, and that many outsiders who had been carrying
stocks on 10 to 15 per cent margins must have met
On the other hand, a speculative depression is not
losses.
likely
brokers to-day who would not assert
that at to-day’s prices the stocks are a good purchase for any
party able to hold them. To-day, a feature of the market was
the attack on Western LTnion Telegraph, which declined under
the influence of immense sales from 87f to 84£, and rose
again to 90£, all in the space of about an hour’s time; this stock
finally closed at 90f. Towards the close, prices were generally
last, and there are few
to
stronger, and in many cases near the highest of the day. An ad¬
vance in rates on east-bound freight, is reported from Chicago, to
take effect August 5, the new rates being 25 cents per 1U0 lbs.
on grain and 30 cents for fourth-class freights.
The earnings of the Chicago & Northwestern Railway Com¬
pany during the fourth week in July, are reported to show an
increase of $82,000 over the corresponding week last year.
The
Illinois Central Railroad Company has declared a dividend of 3
per cent., payable Sejrtember 2.
The daily highest and lowest prices
Saturday,
Monday,
July 27.
July 29.
have been as follows:
Tuesday,
July 30.
do
pref.
Chic. & North.
do
pref.
C. K. I. & Pac..
Del.& H. Canal
Del. Lack.* W
Erie
Han. & St. Jo..
do
pref.
Illinois Cent...
Lake Shore
84^ 85
02% 64
Michigan Cent 65% 66%
Morris
Essex 83% 85V|
109
109
N.Y.C. & H. I
Ohio & Miss...
7%
7%
Pacific Mall....
16% 17
12?
127
Panama
.
*
14”
13% 14
62% 62%
91% 93%
*
.
Wells. Far.io..
do
pref.
13
14
62
61% 62
91% 92% ,90%
103xj 103% 102%
46%
46% 46% 46%
*92
92%
13
*12%
104
Adams Exp.... 104
American Ex..
46% 47
United States
46% 46%
Quicksilver....
T
13”
13
33
33%
32
W/wO-
Shares, i
Central of N. J
Chic. Burl.& Quincy.
Chic. Mil. &St.
P..\.
do
do pref.
Chicago A Northw...
do
pref.
Chic. Rock Isl. & Pac.
Del. Si Hudson Canal!
Del. Lack. & Western!
Erie
Hannibal Si St. Jo.
do
do pref.
Illinois Central
Lake Shore
..
Michigan Central
■
Morris & Essex
N. Y. Cent. & Hud. R.
Ohio Si Mississippi...
Pacitic Mail
Panama
Wabash
Union Pacific
Western Union Tel...
Adams Express.
American Express..
United States Exp...
11,010
1,625
277,385
90,730
188,210
152,090
5,515
4,057
95,400
Whole year
1877.
13% Jan. 2 45% July 11
99% Feb. 28 11434 July 15
Aug.
67% Aug.
31
2
2
33
30
reported.—Jan. 1 to latest date.1878.
1877.
1877.
$60,000 $1,734,383 $1,186,510
Top. & S. F.3d wk July $90,000
/—Latest earnings
5478 July 8
84% July 9
55% Apr. 17
Aug.
1
5934 Feb. 9 79% July 11
9838 Jan. 15 119% June 7
Jan.
5 597s July 10
45
4630 Mcb. 5 0178 July 10
7% Jan. 5 18% July 31
205,340
Feb. 28
1334 Apr. 10
10
610
400
21% Feb. 28 31% Apr. 10
723s Feb. 14 87
July 11
2,500
55 78 June 29 69% Apr. 15
177,470
3 72% Apr. 18
58% Jan.
8,858
5,420 0730 Feb. 28 89 June 10
June 11
4,401 103% Feb. lb 112
0 % June 2(7 11% Apr. 15
5,850
14% June 21 23% Jan. 10
4,295
Feb. 25
Jan.
5 131
85 112
12% June 20 203s Apr. 5
6,780
Mcli. 20
01% July 31 73
11,310
77.251
75% Feb. 13 95% July 22
98
Jan.
8 105% July 25
470
46
250
Aug. 2 52% May 8
Jan. 22 5134 Feb. 25
202
40
June 5
20
82% Jan. 7 95
13
200
July 2 1934 Feb. 25
37
June 15
5
550
29% Feb.
j Low. High.
6
94
11
Chicago Si Alton. .3d wk July
Chic. Burl. & Q...June
Chic. Mil. & St. P.3d wk July
Clev. Mt. Y. & D..3d wk July
107,903
897,090
Dakota Southern.June
Deny. & Rio G...3d wkJuly
17,386
15
43%
3734 69%
82% 105%
25% 74%
45*
7
17
77
15
17 7o
33%
40%
79
45
733s
35^8
74%
51% 92%
85% 109%
2% 1130
12 7s 26%
130
80
59%
73"
50
84%
91
43%
105
00%
59%
312 828
1,484,2'32
95,070
957,734
140,818
(Ken.).lst wkJuly
(Tenn.). 1st wkJuly
9,064
3,798
St, Paul & S. City. June
Scioto Valley
3d wkJuly
Sioux City & St. P. June
Southern Minn...May
Tol. Peoria & War. 3d wk July
46,734
6,254
3d wk July
Wabash
Tlie Gold
112,072
133,161
7,883,363
2,287,832
7,838,705
29,954
81,769
23,926
90,777
344,672
2,289,537
5,472,047
3,343,660
6,417,790
4,095,000
4,695,000
200,058
103,730
517,836
5,639
4
19,038
Phila. Si Reading. June
1,498,658 1,199,518
9,327
St.L. A.&T.II. (brs)3d wk July
7,340
84,185
St. I.. Iron Mt. & S.3d wk July
78,940
60,125
St. L. K. C. & No. .3d wk July
64,611
22,840
St. L. & S. Fran.. .2d wk J’ne
17,966
10,479
St. L. & S.E.(St.L.) 1st wkjuiy
12,768
do
do
756, i 18
481,042
857,183
644,491
18,591
56,430
4,895
45,355
149,000
7,192
28,619
76i*,810
128^009
13,915
Dubuque & S.City.3d wk July
19,222
Erie....
April
1,127,079 1,280,881
66,478
Gal. II. & S. Ant..May
88,254
93,483
Grand Rap.&Ind.May
110,255
169,078
Grand Trunk .Wk.end. July20 145,794
66,804
Gr’t Western .Wk.end.July26
78,904
111. Cent. (Ill.line). June
406,939 386,905
95,257
do
Iowa lines. June
115,020
do Springf. div.June
14,151
30,846
Indianap. Bl. &W.3d wk July
20,108
21.739
lilt. & Gt. North, ,3d wk July
23,031
77,249
Kansas Pacific.. .3d wk July
74,459
72,997
Louisv. Cin.&Lex. April
64,761
Louisville & Nash.May.'
393,000 384,942
207,5.14 258,123
Mo. Kans. & Tex .June
88,949
Mobile & Ohio
June
90,341
Nasliv. Ch.& St.L. June
91,833 117,439
5,530
Pad. Si Elizabetlit.Sd wk July
5,555
3,338
Pad. Si Memphis. .3d wk July
3,369
Phila. & Erie
June
219,024 250,705
205,641
358,244
403,300
536,128
4,699,716 4,543,607
370,331
443,975
430,883
478,010
4,783,294 4,826,757
2,530,079 2,293,391
2,451,671 2,174,750
599,373
748,766
88,371
673,266
641,906
1,634,133
649,594
721,990
274,445
2,099,713
1,255,760
936,434
821,973
2,044,109
1,430,933
826,849
810,994
97,229
1,389,864
110,670
1,261,652
5,670,426
246,523
2,086,108
6,393,493
265,506
2,177,324
1,568,710
1,677,464
2,987
491,919
300,296
170,140
85,898
40,442
285,113
8,902
f
56,876
286,223
150,545
73*105
207.740
135,679
179,764
2,441,445
113,528
172,072
558,955
2,278,745
steady at 100^
To-day,
21,450
36,289
24.740
87,481
Market.—Gold has been
1,567,702
306,570
320.359
677,396
tbe
the rates for borrowing were flat to £ per cent.
On August 1,
first lot of called five-twenties—$5,000,000—became payable
in
gold. Silver in London is quoted at 52fd. per ounce. In com¬
menting upon the difficulty of getting the new silver dollars in
circulation, tlieJY. Y. Times Washington despatch says :
Nearly 1,000,000 standard dollars were recently disbursed at New
York for silver bullion, and yet not one dollar was moved from the
national vaults. The Government paid silver coin certificates for the
bullion purchased, and these certificates were immediately returned in
exchange for 4 per cent bonds, thus leaving the coin in undisturbed
possession of the Treasury. By this transaction the owners of the bul¬
lion received a profit on their metallic merchandise, and obtaining their
bonds at par for silver dollars made a second profit to the extent of the
“
premium on the bonds.”
ri hat the nature of this transaction
should not he misunder¬
presume it should be stated that the Government pur¬
chased its bullion at the rate of 88| to 90 cents for enough silver
to coin the new dollar.
we
The range
of gold and clearings and balances were as
Quotations.
3734
407b
1878.
Atch.
Atl. & Gt. West.. .June
301,256
Atlantic Mis8.& O. June
120,094
Bur. C. Rap. & N.3d wk July
21,357
Burl. & Mo.R.in N.May
145,754
Cairo & St. Louis.2d wk July
3,986
Central of Iowa..May
- 62,842
Central Pacific...Juno
1,460,000
1187s
42%
73%
30 %
Week or Mo.
EARNENGS.
stood,
Highest,
Lowest.
30
since Jan. I, 1877,
Jan. 1, 1878, to date.
!
13
61% 63%
92
84% 90%
103% 103% 103%
40
46% 46
46% *x45 46
93
*91% 92%
13%
13% *12
made at the Board.
These are the prices bid and asked: no sale was
Total sales this week and the range in prices
were as follows:
Sales of
12%
14%
62%
*30
32
*
do
•
iT
..
Union Pacific..
West. Un. Tei
Friday,
r- 2.
Aug.
Wedn’sd’y Thursday,
Aug. 1
July 31.
3?% 38% 36% 38% 36% 37%
112
!12% 111% 111% 110 111
31
32% 30
34%
71
70% 72% 67% 72
33
36
33
36%
37%
66
67%
69% 64% 69 *
113
1L2
112%
53% 54%
53% 54
51% 58
55% 57%
56%
17-%
18%
16%
17% 18%
*11
11%
11% 11% H% *11
26% 26%
26% 20% *26% 27
S3
83% 82% 83
83% 83
61% 63% 61% 63 H 59% 02%
63% 63% 63% 64% 59
63%
84% 84% 84% 84 y 33% 84
107% 108%
103% 108% 107% 109
8
7%
7*%
8%
7%
7%
16
16% 15% 16%
16% 16
127
126% 120%
Central of N.L
Chic. Uurl.& Q.
C. Mil. & St. F.
Wabash
117
THE CHRONICLE.
3, 1878.J
August
Open Low. High Clos
July 27.. 100% 100% 100% 100%
“
00
100%
30." 100%
31.. 100%
Aug.
1.. 100%
2.. 100%
“
“
100% 100%
100% 100%
100% 100%
100% 100%
100%‘100% 100%
100%
100%
100%
100%
This week 100% 100% 100% 100%
Prev. w’k!100% 100%: 100% 100%
S’ce Jan. Ijl0278 100% 10278 100%
The
following
are
Napoleons
X X Reiclmiarks.
X Guilders
Gold
Clearings.
Gold.
3 88
4 75
3 90
Span’ll Doubloons. 15 60
3
® 4
® 4
® 15
®15
®
Mex. Doubloons.. 15 45
114%®
Fine silver bars
Fine gold bars....
par.®
..
97
80
10
85
60
115%
%prem.
:
Currency.
$7,121,000 $1,092,539 $1,097,664
8,034,000i
765,900
770,050
5,147,000 1,015,500 1,020,789
5,088,000:
802,970
807,486
7,220,000
949,500
953,780
5,805,0001
549,833
553,008
$38,415,000!..
48,735,000!
$749,728
$745,000
quotations in gold for various coins:
$4 86 ®$4 90
Sovereigns
follows
Balances.
Dimes & % dimes
Silver %s and %s
Five francs
—
98
®
—
98%®
—
93
®
90 %®
4 75 ®
68
®
—
Mexican dollars.
English silver
—
—
...
Prus. silv. thalers
Trade dollars....
New silver dollars
—
—
—
98%®
997s®
—
—
98%
98%
94%
91%
4 85
—
70
—
98%
—
par
foreign exchange has been dull,
although the advance in price of money at London stiffened up
Quicksilver.
sterling hills a fraction, and bankers to-day advanced their ask¬
do
pref
ing rates to 4‘83 for 60 days and 4‘86£ for demand. On actual
Total sales of the week in leading stocks were as follows:
transactions rates were about 4‘82£ and 4‘80 respectively.
In domestic bills the following were rates on New York to-day
St.
Lake West’rn
i Del. L. Central
North¬
Ene.
of
N.
J.
&
at
the undermentioned cities: Savannah, buying £ premium, sell¬
West.
Paul.
Shore.
Union.
west.
ing $ premium; Charleston, scarce, £ premium, $ premium; New
1,433
0,020 45,925 29,225! 17,220!
19,070 18.300
July 27...
Chicago, 00 premium; St.
1,629 Orleans, commercial 3-10, bank
34,475 17.300 10,871 70,370 40,170 18,510
2,109 Louis,= 50 premium; and Boston par.
30 "!
36,770! 42,815 12,850 34,115 30,935; 18,710!
2,200
31...
0,425 41,405 49,800i 15,100
34,265 30,850
Quotations for foreign exchange are as follows :
Wells, Fargo & Co...
~
<<
30
81
13
19 7e
90
24
45
Exchange.—The business in
.
on
“
“
Aug.
1
“
2
...
37,205
33,115
26,425! 35,030
9,300
31,785
40,345
45,225
20,100! 14,260i
35,110] 11,600
1,975
1,664
Total.
188,210 177,470 77,251 277,385 205,310 95, 400' 11,010
Whole stock. 1151,031 494,065 4 10,731 i 154.012 780,000 524, 000 206,000
..
The total number of shares of stock outstanding
last line for the purpose of comparison.
is given in the
The latest railroad earnings and the totals from Jan. 1 to
dates are given below.^ The statement includes the gross
latest
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. i to, and including, the period men¬
tioned in the second column.
August 2.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial.
Documentary commercial
Paris (francs;
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
Hamburg (reiclmiarks)
Frankfort (reiclmiarks)
Bremen (rerihmarks)
Berlin (reichmarck?)
60
days.
4.82 ®4.83
4.81%®4.82
4.80%®4.81%
4.80
5.20
®4.81
®5.1678
5.21%®5.1818
5.20 ®5.167a
39 7s®
40
94%® 94%
94%® 94%
94% ® 94%
94%® 94%
3
days.
4.85%®4.86%
4.84%®4.85%
4.83%®4.84%
®4.84
5.17%® 5.15
5.17%®5.15
5.17%®5.15
40%® 40%
95 ® 95%
95 ® 95%
95
®
95%
4.83
95
®
95%
118
THE CHRONICLE
New York
City Banks.—The following statement
shows the
condition of the Associated Banks of New York
City for tlie week
ending at the commencement of business on July 27, 1878 :
BOSTON^ PHILADELPHIA, Etc.-Continued.
Banks.
Lef ;ai
Capital. Discounts.
$
$
New York
3,000,000
Manhattan Co.... 2,(50,000
Merchants’
2/(0,000
Mechanics’
2,000.000
Union
1,200,000
America
3,000,000
Phoenix
l.OC-O/OO
City
1,060.00 )
Tradt smell’s
1,000,090
Pulton
6 0.000
Chemical..
300.000
Merchants’Exch, 1,000,000
Commerce
5,000,000
Broadway....... 1,000,000
Mercantile
1,000,000
....
..
Pacific
422,700
Republic
1.500,000
Chatham
450,000
412,500
People’s
North America..
700,000
Hanover
1,900,000
Irving
Metropolitan.
500,000
..
3,000,000
.
Citizens’
Nassau
Market
St. Nicholas
Shoe and Leather
Com Exchange .
600,000
1,090,000
1,000,000
1,000,000
1,000/03
1,000,000
1,250,000
300,000
Continental
Qriental
..
Marine
400,000
Importers’&Trad 1,500,000
Park
Mech. Bkg. Ass’n
Grocers’
North River
East River
Manuf’rs’ & Mer.
Fourth National.
Central National.
8econd National.
Ninth National..
First National.;.
Third National..
N. Y. Nat. Exch.
2,000,090
500.000
300,000
240,000
250,000
100,000
Specie. Tern lers.
828,200
9,400
2,380,400
913,100
1,760,200
4-7,100
85,900
168/00
tion.
$
$
40,000
10.781.200
4,838.'400
7,500
98,400
7,276,7i 0
4,778,000
169,7(0
135,000
3,067,700
7.210.100
1,100
1,860,000
5.872.100
1,865 700
1.366.600
231,803
2.074,000
574,600
410,000
942/00
234.000
1,020.000
198,000
2,700
757,703
315.400
2,073,690
1,033,300
733.200
1.973.100
13,423,0(0 2,324,000 1,389,000 11,272,000
300,000
52,600
45,000
following
are
1878.
Feb. 16.
Feb. 23.
Mar. 2.
Mar. 9.
Mar. 16.
Mar. 23.
Mar. 30.
Apr. 6.
S
July 13.
July 20.
July 27.
234/39,100
234.713.700
Net
S
19.827.100
17,001,200
16,801,200
17,105,2(0
15,069,700
232.720.200 16.311.900
236.516,000 20,420,000
234.120.100 22/48,600
236.195.500 22/01,600
238/36/00 19,695/00
Inc..
Dec.
$881/00
327,100
series of weeks past:
L. Tenders. Deposits. Circulation.
Agg. Clear.
S
33/11/00
82.379.400
33.326.400
37.116.900
39.545.900
39.687.500
38,767,600
S6,620,700
35.486.900
35.935.900
32.585.100
30,051,900
27.469.500
23,030,200
deposits
Circulation
the totals for
Specie.
242.859.900
243.659.100
246.456.200
246,320,800
242.978.900
241.566.700
241.590.900
240/49,100
Apr. 13. 236/18,400
Apr. 20. 232.113.400
Apr. 27. 230.801.500
May 4. 229.936.400
May 11. 232,030,700
May 18. 233,122,600
May 25. 233.997.200
June 1. 234/49,400
June 8. 236,132/ 00
34,845/00
33,978/00
33.137.900
30.655.900
30,326,200
29/05,700
29.425.400
26,637,000
28/66,100
32,186,000
34,933,800
36.435.300
38,612,000
41,020,100
44,023,900
47,248/00
47.816.400
49.502.900
52.466.900
53.996.300
53.606.300
%
$
212,132,000
*
19.781.200
343/70,324
289,487,491
210,894,600 19.806.900
213,933,400 19,838,500
215,155,900 19.885.100
215/85,100 19,910,700
211,938,500 19.906.300
210,378,400 19.912.300
204,663,200 19.944.600
201,926/00 19.959.200
202,053,400 19,982,400
200,875.000 20,021,800
199,074,000 19.998.300
201/38,000 20,033,100
199/86,100 20,012,300
198,985,300 20.005,600
199,867,900 19,941/00
202.271.600 19.979.600
205,785/00 19.984.900
205.384.100 19.909.900
205.965.600 19.934.200
213,816,700 19.823.900
55.556.300 217,411,(00 19/22,100
57.543.900 221.252.100 19.405.100
58,409,600 222,133/00 19/78,000
Bid. Ask.
BOSTON.
do
Massachusetts 5s, gold
Boston
6s, currency
116
58, gold
Chicago sewerage7s..
do
.....
Municipal 7s
Portland 6s
T...
Atch. &
Tcpcka ist m.7s!*.!..
do.
Iandgrant7s
do
„
2d 7s
do
Boston
land Inc. 8s
&
107
106
91H
400,609,680
377,110,111
401,592,977
373,731/72
359,353,328
441,442,055
381,415,325
426, ISO, 360
419.201,399
439,525,545
361,572,687
382/88,684
351,364,165
339/22,452
374,239,182
390,933,811
361,644,610
349,403.759
353,550,231
376,809,115
352.707,254
353,322,472
92
112
n& Lowell 6s
i03
Boston & Providence 7s....
Burj. & Mq., land grant 7s..
do
do
Conn. &
Neb. 8s, 1891...
Neb. 8s, 1883...
Passumpslc, 7s. 189
Fitchburg HR., 6s
do
7s
Kan. Cl ty Top. & W., 7s, 1st
do
do
Eastern, Mass., 8Xe.
7s, Inc
new.
.
112%
ii2k
iiok
106% 107k
100
73k
Boston
Boston
Boston
Boston
Bid. Ask.
27%
27k
6s
Omaha * S. Western, 8s
Pueblo & Ark. Valley, 7s....
Kutland 8s,1st mort
Verin’t C. 1st in., 7s
Vermont & Canada, new 8s.
Vermont & Mass. UR., 6s....
106% Atchison
Albany 7s
Poston &
Lowell 7s
Boston & Maine
78
Bosro
SECURITIES.
Hartford & Erie 7s, new
Ogdensburg & Lake Ch. 8s..
Old Colony, 7s
Maine 6s
New Hampshire 6s
Vermont 6s
do
Phila. Wllm. * Bait. 6s, ’84...
Pitts. Cln. & St. Louis 78,1900
87k
Shamokin V.& Pottsv. 7s, 1901
45k Steubenv. & Ind. 1st, 6s, 1884. *9*2
fck Stony Creek 1st m. 7s 1907....
Sunhury & Erie 1st m. 7s, ’97.. 109
Union* Tltusv. 1st m. 7s, ’90. 49
United N. J. cons. m. 6s, ’94..
Warren & F. 1st m.7s, ’95.... "65
West Chester cons. 7s, ’9L
West Jersey 6s, deb., coup.,’83
4h
Vermont & Massachusetts..
Worcester* Nashua
AND CITY BONDS.
Delaware Division
Lehigh Navigation
Schuylkill Navigation
do
8TOCKS.
& Topeka.
& Albany
& Lowel.'
& Maine
& Providence
Burlington & Mo. In Neb.f..
Cheshire preferred
Cln. Sandusky & Clev
Concord
Connecticut River
Conn. & Passumpslc
;
Eastern (Mass.)
Eastern (New Hampshire)..
Fitchburg—
Kan. City Top. & Western..
Manchester* Lawrence....
Nashua & Lowell
73k NewYork & New England..
t Ex rights.
103k 104k
75%
61k 61%
124% 125
107k
108
105
106k
97%
4
70
98
4%
42
13%
13%
lie
57k
132
57%
pref...
RAILROAD BONDS.
do
112
112%
104
105
111% ink
do
7s, E. ext., 1910
Inc. 7s, end., ’94.
Belvldere Dela. 1st m.,6s,1902.
do
2dm. 68.’85..
do
8dm. 68, ’87..
Camden &Amboy 6s,coup,’83
do
6s, coup., ’89
do
101%
CANAL BONDS.
Chesap. & Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp.,’78.
113
114
Lehigh Navlga. m., 6s, reg./84
do
mort. RR., rg.,’97
114% 115
do m. conv. g., r« g.,’94
do mort. gold, ’97.
60
do cons. m.7s, rg.,1911
81
82
Morris, boat loan, reg., 1885..
95k 96k Pennsylvania 6s, coup., 1910..
1C'3
103k Schuylk. Nav.lBt rn.6s.rg ,’97.
do
60
2d m. 6s, reg., 1907
do 6s, boat*car,rg.,1318
do 7s, boat*car,rg.,19i5
Susquehanna 6s, coup., ;9.8 .*
ioo
60
105
105k
104
91
104
95
90%
91k
90
60
50
55
60%
BALTIMORE.
Maryland 6s, defense,
J.& J..
6s, exempt, 1887
6s, 1890, quarterly..
5s, quarterly
Baltimore 6s, iSSI, quarterly,
do
6s, >886, J.&J.......
do
6s, 1890. quarterly...
do
6s, park, 1890, Q.—M.
do
6s, 1898, M.&S
ao
108% 109
...
do
do
do
do
6s,exempt/9S,M.*S.
1900, J. & J
do
1902, J.&J
Norfolk water, 8s
110
107
100
106
107
110
112
112
105
1' 8
103
109
110
113
110
110
IllO
110%
113
117
111
111
110k 111%
BAILBOAD STOCKS.
Par.
Balt.* Ohio
.....100 85
88
do
Wash. Branch. 100 110
125
do
1
Parkersh’g Br. .50
2
Northern Central
50 14% 14%
Western Maryland
....50,
5
Central Ohio
50 22
25
Pittsburg & Connellsvllle..50
KA1LROAD
BONDS.
Balt. & Ohio 6s, 1880, J.&J....
102k 105
do
6s, 1885, A.&O.
105
107
N. W. Va. 3d m.,guar.,’85,J* J 95
105
Plttsh.* Conneirsv.7s,’98,J*J 92
94
Northern Central 6s. ’85, J&J 103
107
do
6s, 1900, A.&O. 100 102
do 6s, gld,l900, J.&J. 90
92
Cen. Ohio 6s, lstm.,’90,M.& S. 100
100%
W. Md. 6s, 1st m.,
gr .,’90,J.&J. 105
103
do
1st m., 1890, J. & J... 100
103
do 2d m., guar., J. & J— 105
10S
do
2dm., pref.;
64
60
do 2d m.,gr. by W.Co.J&J 100
105
19% 19k
do 6s, 3dm., guar., J.&J. 105
108%
Mar. & Cln. 7s, ’92, F. & A
t;2k 83k
do
2d, M. & N
3:% 31X
do
8s, 3d, J. * J.■»... 13% 14%
Union RR. 1st, guar., J. & J.. 105
9
110
8
do
Camon endorsed. 100k 103
miscellaneous.
Baltimore Gas certificates... 100
108
100
108
People’s Gas....,
14k 15
87
22k 25
-
.
CINCINNATI.
104k
Cincinnati 6s
102
94
98
102k
102
do
mort. 6s, ’89
109
Cam. & Atl. 1st m. 7s, g.,1903
do
2dm., 7s, cur.,’80 102
Cam. & Burlington Co. 68/97.
do
107
Dan. H. & Wilks., 1st., 7s, ’37.*
Delaware mort., 6s, various..
Del. & Bound Br., 1st, 7s. 1905
97k
East Penn. 1st mort. 7s, ’88
104
E1.& W’msport, 1st m., 7s, ’80.
103k
107
31
...
do
2d mort. 6s, 1900
L. Sup. & Miss., 1st m., 7s, g.
Lehigh Valley, 1st,6s, cp., 1898 108
do
do reg., 1893..
109
112
do 21 m.,7s, reg., 1910..
110%
do
con. m., 6s,rg.,1923
99k ioo
do
do
6s,< p.,lSk3 99k 100
Little Schuylkill, 1st m.
7s,’82
North. Penn. 1st m. 6s, cp./85. 107
108
do
2d m. 7s, cp., ’96. 112
113
do gen. m. 7s, cp., 1903. 104
105%
do gen. m.7s, reg., 1908 105
100
Oil Creek 1st m. 7s, coup./82.
75
85
jfittsh. Tltusv. & B., 7s, cp.,’96 31
40
do
scrip....
Pa.& N.Y.C. & RR. 7s,’96-1906.
13
114
Pennsylv., 1st m., 6s, cp., ’80.. 104 104%
do
gen. m. 6s, cp., 1910. 107
107k
do
gen. m. 6s, rg., 1910. 108k 109k
do
cons. m. 6?, rg., 1905.
94k
do
cons. m. 6s. cp., 1905.
94k
do
Navy Yard 6s, rg/til
Perkiomen 1st m. 6s, coup. ,'97
Phila. & Erie 1st m. 6s, cp.,’8l. 104
104k
do
2d m. 7s,cp./88.
ook 101
Phila. & Read. 1st m. 6s, ’43-’44.
103% 104%
do
do
M8-.49.
do
2d m., 7s, op.,’93
do
deben., cp., ’93*
do
do
cps. off.
do
scrip, 1852
63
64
do
In. m. 7s, cp,1896
do cons. m. 7s, cp.,191!..
..
104k 104%
cons. m. 7s, rg.,1911..
104k 105k
cons.m.6e,g.l.i911....
In default of Interest.
55
'60
37
95
m. 7s, ’81.
2dm. 7s,’84.
104
ioo
108
70
101
97
37
97
73
106
100k 100%
96
90
Dayton & West, lstm., ’8) —t 100
do
1st m., 1905..
87
do
1st m.fc’s, 1905 x78
Ind. Cln..& Laf. 1st m. 7s
do
(I.&C.) lstm.78/88 92
3d m.
ioo%
100k
2dm. 7s,’85.. 93
Cln. Ham. & Ind., 7s, guar.... 31
Cln. & Indiana!st m.7s
95
do
2d m. 7s, ’17...
70
Colum. & Xenia, 1st m. 7s, ’90 104
do
do
do
do
do conv. 7s, 1893
do
7s, coup, off, ’93
do scrip, 1882
Phila.* Read. C.& I. deb. 7s,92
do
Dayton & Mich. 1st
..
5s,perp
Harrisburg 1st mort. 6s, ’83... 106
H. & B. T. 1st m. 7s, gold, ’90.
do
2d m. 7s, gold, ’95. |T**
Sd m.cons. 7s, ’95*.
do
■28
Ithaca* Athens 1st g d, 7s.,’90
Junction 1st mort. 6a,’82.
7&7*30s,long.f
Cln.& Cov. Bridge st’k, pref.
Cln. Ham. & D. 1st m. 7s, ’80
..
Connecting 6s, 1900-1904
t 93
90
7s
t 103
105
7*30s
t 100
108
South. RR. 7*30s.t 99k
99%
do
6s, gold, t 84
80
do
do
do
do
Hamilton Co., O., 6s. long., .t
do
7s, lto 5 yrs..t
Catawlssa 1st, Ts, conv., *82...
do
chat, m., 10s, ’88
do
new 7s 1890
105
*
1st m. 6s, cp., ’96.
1st m. 7s.’99
Western Penn. RR. 6s,cp.'.899
do
6s P. B.,’96.
do
:
Allegheny Vai., 7 8-10s, 1898...
do
55
76-
...
Pennsylvania
Susquehanna
86%
'97k
3ik
5s, g’d, int.,reg. or cp.
Morns
do
pref.
a
QUOTATIONS IN BOSTON, PHILADELPHIA AND OTHER
CITIES.
SECURITIES.
88
80
190,000
1.188.200 2,140.4(0 12.185.200 1,641,700
4,895,800
30.600
845,000 3,413,303
889,800
3,308,100
208.900
618.700
3,030,5(0
160,(03
1,851,000
23/00
683,303 2.171.600
3,196,100
241,400
308.700 1,554,000
450.000
2,807,500
99.100
900,203 2,911,4(0
394.300
1,2-32,300
24.300
324.600
1,236,003
5,400
1,647,800
82,000
276,000
1,456,300
5,014,000
184,000 1,028,200
4.644.900
446,000
l,9i7,900
29.600
463.400
1.929.200
80,9(3)
City 6s, coupon.. 100k
11,993,000
272,000 4,150,000 11,340,000 2,068/00 Harrisburg
RAILROAD STOCKS.
1,109,300
75,000
452.900
1.759.800
246,103 Camden & Atlantic
20
25
2,004,700
37.700
251,300
1.737.200
do
3,900
do
pref
29
30
86.600
2,378,400
510.500
1.715.900
268.500 CatawlBsa
8
1.991,500
2' 8,700
do
63,9C0
pref
893,800
490.300
35%
do
new
3,405,000
pref
306,000
397,000 2,508,700
600,000 Delaware & Bound Brook.... 32
89.000
3.316,000
425/03
1.989.600
4,700
East Pennsylvania
3,653 400
33.700
733.400 2.917.200
715.500 Elmira & Williamsport
1,313,100
14.300
180,003
1.130.900
do
do
pref..
2,182,000
126,000
403,00)
Har. P. Mt. Joy & Lancaster.
2,060,030
341,000
1 6.333,200 1,130,200 3.562.900 17,893,600
Broad
Huntingdon*
Top...
1,107,600
do
11,011,700
do pref.
399,600 4,067,800 13,913,900
540.000
Lehigh Valley
600,000
23,800
164.900
487.200
39 % 40303,300 Little Schuylkill
538,500
3,800
172/00
42 k 43k
498,300
Mlnehlll
50
49
715,800
27,000
172.600
736.900
Nesquelioning Valley
47
734,800
16/(0
771,000
562.900
98/00 Norristown
ioo
99
371,700
2,300
Northern Pacific, pref
104.400
406,100
Uk 17
1 2,014,900
845.900 2.925.900 10,755,000
North Pennsylvania
41
40
1/52,665
7,043,000
254,000 1,511,000 6,388,000 1,335,000 Pennsylvania
32% 32%
Philadelphia* Erie
1,995,010
660,000
7
2,200.000
8%
269,000 Pniladelphia & Reading
61.200 1.208.900
3,122,000
18% 18%
14 7, ICO
3.385.800
Philadelphia
&
Trenton
7,262,900
528,900 1.866.700
8,791,000
45/(0 Phila.Wllming. & Baltimore.
4,361,300 1,010,500 2,150,8C0 5.851.600
796,500 Pittsburg Tltusv. & Buff
4
4%
1,123,200
United N. J. Companies
19,4C0
226,000
782,000
267.100
126
127
West
Chester
981,500
consol,
14,000
pref....
245,000
901,000
217,400 West Jersey
1,084,300
337.700 1,163,500
180,000
CANAL 8TOCKS.
1,992,500
144,800
618.400 2,083,000
1 7,786,000
.Inc. $2,440,500
Dec. 2,306,000
Inc.
835,700
Loans.
Jun. 15.
Jun. 22.
Jun. 29.
July 6.
Rutland, preferred
Chesapeake & Delaware
Legal tenders
.
Old Colony
102
Portland Saco & Portsmouth
85
Pueulo & Arkansas
44
5s, cur., reg
5s, new. reg., 1892-1902
68,10-15, reg.,lV77-’82.
6a, 15-35, reg., l882-’92.
6s, In. Plane, reg.,1379
Philadelphia, 5s reg.
do
6s, old, reg
do 68, n., rg., prior to’95
do 6s, n.,rg.,1895* over
Allegheny County 5s, coup...
Allegheny City 7s, reg
Pittsburg 4s, coup., 1913
do
5s, reg. & cp., 1913.
i
do
6s, gold, reg
do
7s, w’t’r ln.rg.Aco.
do 7s, str.imp., reg.,’83-86*
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6s, coup
Camden City 6s, coupon
do
7s, reg. & Coup.
Delawure 6s, coupon
64/23,230 238,636/00 19,695,600 58,409.600
222,133,700 19,0:8,003
The deviations from returns of
previous week are as follows :
Loans
Phll.&R.C.&I deh. 7s. cps.off
do scrip, 1882
do mort., 7s, 1892-3
21%
21%
...
STATE
Total
Specie
Bid. Ask.
91
-
3,5<0,000
2,000,000
750,000
500,000
1,000,000
300,000
Bowery National. 250,000
NewYork County
2(0,000
German Americ’n
750,000
The
Ggdensb. & L. Champlain
do
pref..
Penna.
do
do
do
do
do
253.700
293.000
Northern of New Hampshire 89
Norwich & Worcester
128
PHILADELPHIA.
763,000
9.540.200
3,215, SCO
152,100
SECURITIES.
Circula¬
Deposits.
*
1 0,696,590 2,623,600
905.500
5,411.200
612,200 1.595.900
6.497,200 1.154.200 2.953.700
252/00 1.181.700
6,217,300
2T0.4C0
3,9S2,300
721,003
7,498.800 1,097,3C0 2,652,500
2,088,000
242,000
355,000
4,038,000 1,024.900 3,927,0:0
3,220,90)
273,700
180,200
1,394.500
79.100
815,800
9.285,700
847,300 2,039,900
229.800
3,417.200
92.3.500
3,852,300
172/00
577.200
1,333/00
91,000
168,000
1,389,(00
255.090
23,000
..
Gallatin National 1,500,000
Butchers’* Drov.
500/00
Mechanics’ & Tr.
690,000
Greenwich
200, COO
Leather Manuf’rs
600,000
Seventh Ward..
300,000
State of N. York.
600,000
American Exch.. 5,000,000
Net
Bid. Ask.
SECURITIES.
—AVERAGE AMOUNT OP
Loans and
|Tol. XXVII,
98
92
7s, ’88.
Little Miami 6s, '83.
Cln. Ham. & Dayton stock...
Columbus & Xenia stock
Dayton & Michigan stock....
do
8. p.c. st’k, guar
Little Miami stock
LOUISVILLE.
98
15
98
80
88
*90
80
•
•
•
•
93
100
.
15%
100
25
88
90
Louis Yllle 7s
+ 100
102
do
6s, ’82 to ’87
t 95
97
do
6s, ’97 to ’98
t 95
97
do
water 6s,’87 to ’89 t 95
97
do
water stock 6s,’97.t 95
97
do
wharf 6s
97
f 95
do
spec’l tax 6s of ’89.t 95
97
Louisville Water 6s, Co. 19071 101%
101%
Jeff. M.&l.lstm. (I&M) 7s,’8lt
do
2dm., 7s
m.,7s, 1906....f
Louisv.C.* Lex. 1st m. 7s,’97.
do
1st
84% *85
106%
106
ex past-due coupons
t 102k 103
Louis.* Fr’k.,Loul8V.ln,6s,’8>
100
Loulsv. & Nashville—
Leh. Br. 6s, ’86
t 95k 97
1st m. Leh. Br. Ex.,78/80-65. t
95k 97
Lou.In.
do
6s, ’93...f 95k 97
Consol. 1st m. 7s, ’98
105% 100
Jefferson Mad. & Ind. stock.
Louisville* Nashville stock. 88
ST.
38*k
LOUIS.
St. Louis 6s,l0Dg
t
do
*water 6s, gold
f
do
do
do
new.f
do
bridge appr., g. 6s. t
do
renewal, gold, 6s.t
102
103
103%
‘03
1
103
ao
sewer, g. 6s, ’9i-2-3.t 103
St. Louis Co. new park,g.6s.t 103
do
cur. 7s.
t 105
St. L.& San F. RR. bds, ser’s A 43
do
do
do B 24
do
do
do C 21
t And Interest.
104
1C 4%
104
104
104
104%
20
22k
August
THE CHRONICLE.
3, 1878.]
119
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
XT. S. Bonds and active Railroad Stocks are quoted on a previous page.
STATE
Bid* Ask.
SBCTJBmXS.
Alabama 5s, 1883
do
5s, 1886
do
8s, 1886.
do
8s, 1889
do
8s, M. & E. RR..
do
8s, Ala. & Oh.K.
do
8s of 1892
43%
43%
43%
43%
„
9
.
t
t
f
1...
rin
Minhtffan
do
do
3
3
3
108
99
107
100
7b, Ark. Cent. RR...
Connecticut 6s...
Georgia 6s
do
7s, new bonds....
do
7s, endorsed.-...
Illinois 6s, coupon, 1879...
do
war loan..
Kentucky 6s
68, 1883
do
do
do
do
do
.
4
4
•
pref
4
4
83
•
•44
80
4
05
Dubuque & Sioux City.
pref
...
24%
Cleye. Col. Cln. & I
Cleve. & Pittsburg, guar.
Col. Chic. & I. Cent
Erie
4
81
102
Chicago Sc Alton.
do
444
•
70*
4.44
..
iso*
133
100
PArlfm
Joliet & Chicago
Kansas Pacific
4 4
4
4
•
4 4
•
44
4
•
• •
4
4*4
4
4
4
158
90
94%
444
•
4 4
4
•
...
..M
4,,.
•
..
.
•
4
4 ,
.
.
3
4
44
‘444
4
4 4
•
4
156
12
.
444
Mil
• • •
.444
4
4
4
4 4
4.
....
Miscel’ons Stocks.
•
1
•
....
.
4
....
4
4
4
•
•
.
25%
•
....
104%
104%
104%
104%
AND
154
....
Mariposa L. & M. Co
do
do
pref.
Ontario Silver Mining....
4
....
•
•
4
3s%
•
444
4
4
4
4
4
4
guar.
•
*85
*27
*25
ex couc
4
6s#1917, reglst’d
Central of JN. J., 1st
do
do
do
do
•
do 1st consol..
do
assented.
83
70
81
05
00
do conv
do
assented.
Lehigh & W.B.con.guar
•
•
113%
87
68
48
58
t#
119
100%
do
105
7s, $g.,ft.D *....
lstm.,LaC.D.
107%
lstm.,I.*M... *9*7% 93
97%
lstm.,I. &D.
98
lstm.,H. & D.
X....
1st
4 4 4
4
....
m..
103
C. & M.
do
consol.slnk.fd
93%
2d m
do
100%
Chic. & N. West. sink, fd. xl07%
do
Int. bonds.
106%
do
consol, bds 110
do
ext’nbds..
xlO0
do
1st mort..
•
•
104
95 H
106%
....
99
97
....
U
.
102*
105%
do
1st con. guar.
Del.AHud.Canal, 1st m.,’84
do 1891
1st extended.
coup. 78, 1894
do
do
do
do
L02
m
7s, 1891
Albany & Snsq. 1st bds.
reg.
do
do
*d do
3d do
....
....
4
4 «
Rens. & Saratoga, lstcp : %15
104
*97 %
91%
59%
•
•
CO
95
.00
: 01
.02
.08%
].03
„
-
-
^
4
...
Price nominal.
8s
do
do
6s,
6s,
do
do
do
do
..
.
112
do
do
do
do
do
do
do
do
do
do
do
rto
do
do
:....
94
118%
"iik
*
*
©
•
•
•
•
“
•
97%
105%
100%
103
103%
97
40
05
5
5
118
113
120
107
18
14%
70
70
50
E0
•
8%
^
iio
55
15
00
20
100
30
x98
75
74
12
**40
Pekin Linc’ln Sc Dec’t’r.lst m
t And accrued interest.
Ss,
»
5s,
6s,
6s,
6s,
8
3
3
AND
1885-98
Long Island City
Newark City 7s long.
Water 7s, long...
Oswego 7s
Poughkeepsie Water
110
*109
100
111
102%
109
* 93
tl04% ib'5%
107
fl05
tl04
U08
109
111
79
80
107
+ 110
174
+105
107%
t....
90
tl06%
1171%
*100
Boston Sc N. Y. Air Line, 1st m
Bur. & Mo. Rlv., land m. 7s....
do
convert. 8s. var. ser.
Cairo & Fulton, 1st 7s, gold...
102
tllO
111%
113
45
103
40
101
112%
110
73% 74%
98
87
40
101*
Carthage & Bor. 8s
101%
43*
Suincy
Sc Warsaw
llnofs Grand
8s ....
Trunk
Chicago Sc Iowa R. 8s....j
3
oo
do
do
38
ioo
07
*4%
small
registered
Tol. Can.S. * Det. 1st 7s,g
Union & Logansport 7s...
42
Un. Pacific, So. Br , 6s. er..
West Wisconsin 7s,g.,new
56%
flOl
+ 102
ii2
•
4
4
00
70
43
70
40
100
44
73
48
101
'05
75
South’ll Securities
(Brokers' Quotations.)
'
STATES.
Alabama new consols, A.,
B, 5s
C
Georgia 6s, 1878-’89
S. Carolina
con. 6s fgood).
Rejected ibest sort)....
M.&S.
7s, gold, 1892-1910..J.&J.
7s, gold. 1904
J.&J.
10s, pension, 1894.. J.&J.
Texas 6s, 1892
103
*102
+110% 111
+112
115
flOl
102
97
102
98
97
52
101
*02
07
CITIES.
Waterworks
Augusta, Ga., 7s, bonds...
Charleston stock 6s
Charleston, S. C., 7s, F, L.
Columbus, Ga., 7s, bonds.
Lynchburg 6s
Macon bonds, 7s.'.
Memphis bonds C
100
55
95
05
85
85
35
Ronds A and B
Endorsed, M. & C. RR..
on)
Mobile 5s (coups,
8s (coupons on)
6s,
iob
77
*7*5
40
37
37
20
20
funded
Montgomery, new 5s
JJgg
Nashville 6s, old
6s, new
New Orleans prem. 5s
Consolidated 6s
'Railroad, 6s
111%
Wharf lmprovem’ts, 7-30
111% Norfolk 6s
Petersburg
6s
25
8s
03% Richmond 6s
*8*
70
57
05
8s
California Pac. RR., 7s, gold
95
do
84
6s, 2am. g.
Central of Iowa lstm. 7s,gold.
37
ETnAlrnlr
Dnn I On
•
Keokuk & CMSt. Paul
8s
tlOl
06
56
Atlanta, Ga., 7s
Rochester C. Water bds., 1903. tlll%
Toledo 8s. 1889-’94
+100
98
Toledo 7-30s
Y onkers Water, due 1903
09
RAILROADS.
Atchison * P. Peak, 6e, gold..
1867
consol, bonds
BONDS.
110
104
Indianapolis 7-30s
34%
ex
...
+74
Hartford 6s, various...
do
37
matured coup
consol., 2d series
deferred bonds
D. of Columbia 3'65s, 1924.
8
2
104
2%
...
8
STOCKS
4
82
30%
80
80
80
30
90
90
32
40
80
38
10
95
105
102
00
58
98
104
05
05
....
•
do
cons. m.
100%
7s.
2dm.. 7s, g..
Michigan Air Line 8s, 1890
Montclair & G. L.lst 7s, (new;.
do 2d m. 7s (old m., lsts)...
Mo. K.& Tex. 1st 7s, g.t 1904~’06
do
2d m. Income...
N. J. Midland 1st 7s, gold
N. Y. Elevated RR., 1st m
N. Y. & Osw. Mid. 1st.....
do recelv’s ctfs.(labor)
do
do
(other)
Omaha * Southwestern RR. 8s
Oswego * Rome 7s, guar
Peoria Pekin & J. 1st mort....
Pullman Palace Car Co. stock.
do
bds., 8s, 4th series
St. L. * I. Mt. (Ark. Br.) 7s, g.
St. L. & San F., 2d m., class A.
do
do
class B.
do
do
class C.
St.L.&So’east. cons.7s,gold,’94
St. Louis Vandalla & T. H. 1st.
do
2d,
guar
Sandusky Mans. * Newark 7s.
South Side, L. I., 1st m. bonds.
do
sink. fund...
South. Cent, of N. Y. 7s, guar.
Southern Minn. 1st mort. 8s...
do
*no price
7s. 1st
100
•
•
•
4
•
4
•
4
107
88
87%
‘104% 105%
45
0
41
9
24
88
0
34
25
30
3
40
21
80
5
27
20
113
80
*20
101
70
85
88
25
9
00
91
103%
45
70
105
85
85
100
40
1C5
*08
85
105
55
73
• •
*•
88
90
101
!•••
108
*70*
90
30
•
95
•
• •
• « •
97
•
101
82
5
38
10C
100
84
109
85
00
00
45
15
108
100
97
*99*
102
88
7
42
102 »
105
80
111
65
01
50
20
112
103
99%
100%
101
94
90
95
Northeast., S.C., 1st m. 8s.
2d mort. 8s
105
90
Orange &Alex’drla, l8ts,6s
2<lS,6s
3ds,8s
4ths,8s
Rlchm’d & Petersb.lst 7s..
113% Rich. Fred. * Potomac 6s.
80
95
09
74
40
12
20
93
40
77%
73%
91%
09
43
25
20
25
Certificate, 2d mort. 8s..
Nashville Chat. & St. L. 7s
Nashville & Decatur 1st 7s
Norfolk & Petersb.lst m .8s
1st mort. 7s
2d mort. 8s....
8
40
4 4 t*
n
85
*80
• ••
*
•••
*75
20
89
....
105% Loufsv. * Nashv.
*103
Ex. Aug.,’78,& prev’s
Great Western, 1st m., 1888..
x95
do
ex coupon
do
2d mort.. ’93
do Ex Sc Nov.,’77,Conp.
Quincy Sc Toledo, 1st m., ’90..
70
do ex mat. Sc Nov.,’77,con.
Illinois & So. Iowa, 1st mort
do
ex coupon
Han. Sc Cent. Missouri, 1st m -t35
Land C., 1889, J. Sc J
Land C., 1889, A. & O....
7s of 1888
Non-fundable bonds
Tennessee 6s, old
do
6s, new
do
6s, new series..
Virginia 6s, old
6s, new bonds, 1S66
•44-
i;o%
42%
April Sc Oct
Funding act, 1866.
* * •
Long Island RR., 1st mort
•I
•
04
....
35
•
85
» •
•
43%
14%
105
*W
*....
•
Chic. & Can. South l st m. g. 7s.
21
Chic. * East. ill. 1st mort., 6s.
61
do
22
.2d m. Inc. 7s.
18
Savennah 7s, old
Chic Sc Mien. L. Sh. 1st 8s, '89. *95
7s, new
Chic. Sc S’thwestern 7s, guar.
91
W llm’ton,N.C.,6s,g.) coup
Cln. Lafayette & Chic., 1st m..
05
8s, gold
J on.
Col. & Hock V. 1st 7s, 30 years, 102
103%
RAILROADS.
do
1st 7s, 10 years,
101
99
Ala. & Cbatt.lst m. 8s,end
do
2d 7s, 20 years..
91
90
Receiver’s Cert’s (var’s)
52
Connecticut Valley 7s
43
Atlantic & Gulf, consol..
25
Connecticut Western 1st7s....
20
Consol., end.by Savan’h
Dan. Urb. Bl. Sc P. 1st m. 7s, g.
32% 38
Carolina Cent. 1st m. 6s,g.
45
Denver Pac., 1st m.7s, ld.gr.,g.
42
Cent. Georgia consol.m. 7s
03
Denver Sc Rio Grande 7s, gold.
61
Stock
Detroit * Bay City 8s, end..... **70
Charlotte Col. & A. 1st 7s.
99
Erie Sc Pittsburgh let 7s.
Cheraw & Darlington 8s..
do
80
con.
m., 7s..
East Tenn. & Georgia 6s..
do
78
7s, equip...
E. Tenn.& Va. 6s.end.Tenn
Evansville Sc Crawfordsv., 7s.. 101
105
E. Tenn. Va. & Ga. 1st. 7s.
41
Evansville Hen. Sc Nashv. 7s...
Stock
58
50
Evansville, T. H. * Chic. 7s. g.
Georgia RR. 7s
Flint Sc Pere M. 8s,Land grant. *83
87
6s
Fort W., Jackson Sc Sag. 8s,' 89
stock
*92* *96*
Grand H.& Ind. 1st 7s, l.g., gu.
Greenville & Col. 7s, 1st m.
84
do
87
1st 7s, 1. g., notgu.
7s. guar
do
50
1st ex 1. g. 7s.
Macon * Augusta bonds..
101
Grand River Valley 8s, l st m.. HOO
2d endorsed
00
62
Houston Sc Gt. North. 1st 7s, g.
Stock
91
Hous. Sc Texas C. 1st 7s, gold..
92%
do
33
86
Memphis * Cba’ston 1st 7s
West, dlv
2d 78
do
81
84
Waco
Stock
74
do
consol, bds..
00
Memph. * Little Rock 1st
Indianapolis* St.Louis 1st7s
Mississippi Cent. 1st m. 7s
77
Indlanap. * Vlncen. 1st 7s, gr..
2d mort. os
00
04
International ^Texas) Istg....
2d mort., ex coupons....
19
10
Int. H. * G. N. conv. 8s
Miss. & Tenn. 1st m. 8s, A.
90
Iowa Falls * Sioux C. 1st 7s... *88
1st mort., 8s, B
Jackson Lans. * Sag. Ss,lstm. no2
93
Kal. Allegan. & G. R. 8s, gr...
100% Mobile & Ohio sterling 8s
Sterling ex cert. 6s
Kalamazoo & South H. 8s, gr..
+70
103
"
88,interest
Kansas City* Cameron IPs...
2d
mort. 8s
74
Keokuk * Des Moines 1st 7s...
77%
N. O. * Jacks. 1st m. 8s..
SO
do
funded int. 8e
f80
•• •
convert
*
1868
Dixon Peoria* Han. 8s..
O. O. & Fox R. Valley 8s.
84
*x85
Istm.St.L. dlv
ex-matnred coup.... c*
*80
2d mort
04
Ex Sc Nov.,’77, coup.
equip’t bonds
con.
•
..44
•
i05%
i02%
W. D.
Bur. Dlv.
2d mort..
consol. 7s *....
ex coupon
Tft
Ask.
7o0~
Ohio 6s, 1886
Riode island 6s, cp., ’93-4
South Carolina tfa....
Jan. Sc July
121
New bonds, J. & J
do
A. & O
8peclal tax, Class 1
do
Class 2
doClass 8
Ohio 6s, 1881
do
*
Bid.
SKCTJBITIK8.
1891
1892.
.1893
Funding act, 1866
do
-
..
T
do
do
-
113
North Carolina—
6s, old. J. * J
do
A. & O
N. C. RR
J. & J
do
..A.&O
do coup, off, .T. & J
do* off, A. & O......
do
do
Ask.
113
Western Union Tel., 1900,cp...
do
do
reg..
105% 105%
T
84%
L07
LOS
„
*
2d mort., pref..
do
2d mort. lnc’me
Belleville Sc S. Ill.R.lst m. 8s
do
L07
108%
:....
do 1st cons. eu>v
*
•
S
.
85%
....
ioo
101
103
103
73%
12U%
*110%
xl04
00
2d m..
do
do
115
constructs S-...
7s, of 1871
iii*
32%
B
S
•
„
7s, conv.
mort.. 7s, 1907
Syr. Blngh.* N.Y. 1st,7s 103j!
118
Morris * Essex, 1st. m..
.19%
do
2d mort.. xl04
90
do
bonds, 1900. jdo
Cleve. Sc Pitts., consol., s.f..
do
4th mort....
Col. Chic. Sc Ind. C., 1st mort
do
do
2d mort
...
.
do
•
Spring, dlv..
I ’ennsylvania RR—
Pitts. Ft. W. & Chic., lstm..
do
2d m..
do
do
do
3d m,.
•
do
97%
cp.gld.bds.
do
96%
reg. do
Iowa Midland, ist m. 8s.
Galena & Chicago Ext
*i07*
Peninsula. 1st m., conv. *110
Chic. & Mllw., 1st mort. 106
Winona & Bt. P.. 1st m.. *....
85
do
2d mort.
C.C.C.&lnd’s 1st m. 7s,SF. 100
84
do
consol.m. bds
Del. Lack. * West., 2d m.
do
do
1st
do
do
2d mort
do
Income, 7s. .
do
lstCaron’tB
South Pac. of Mo., 1st m
Kansas Pac., 1st m., 6s, 1895..
do
with coup. cifs.
do 1st m., 6s, 1896
do
with coup. ctfs.....
do 1st, 7s, Lear eu .br.,’9o
do
with coup, ctfs
do 1st, 7s,R.&L.G.D’d.’99
do
with coup. ctfs...
do 1st m., 7s, I’d gr., ’80.
with coup. ctfs....
do
do Tnc. cp.No. lion 1916
do Inc. cp. No. 16 on 1916
113%
87%
2d
1st
2d
Sinking fund...
Pacific R. of Mo., 1st mort...
108%
do
do
do
do
do
do
consolidated....
do
....
50
45
assented.
Ch-Mll.&St.P.lstm.8B.P.D xll8
m.
7s. reg...
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’de
Land grants, 7s.
do
11 %
Imp. bonds
7 3-10, do
4 4
4
•
*45
assented.
•
92
do San Joaquin branch
do Cal. Sc Oregon 1st. .
*90% 91
do State Aid bonds
tios*
90
do Land Grant bonds.. t • • • •
104
Western Pacific bonds
*....
4
X....
do
do
Am. Dock &
do
do
-
•
108
’90
m.,
do
Central Pacific gold bonds.,
....
•44
4
1
....
*106
*
4
6s, 1887
103%
6s, real estate...
103%
6s, subscription
Sc Hudson, 1st m., coup *ii8
do
do
do
...
Mo., 1st m., guar.. X100
St.L.Jack.* Chic.,1st m. 107
Chic. Bur.* Q. 8 p.c.,lstm 111
do
consol, m. 7s *113
do
5s sink, fund
•
•
104% 105%
104% 100
Harlem, 1st mort. 7b,coup.,
....
La. *
Ch.Bk.1 &P.,s.f.lnc.6s,’95.
6s, 1917, coupon
•
*116
*115
790
m.
do
do
do
do
1st m., reg.
Hudson R. 7s, 2d m., s.f., 188
Canada South., 1st guar
4
4
•
...
114
106
income.
Joliet * Chicago,1st m.
4
-
6s, gold, reg....1887
6s, do coup.. 3887....
58, do loan... 1883
MISCELLANEOUS
equipment bonds.
28%
26%
4
■
103% 104
do
71
Chicago & Alton 1st mort.
do
4
..
...
Bnr. C. R & North., 1st 5s..
Minn.* St.L.,lst 7s gua
Chesa. * Ohio tis, 1st m...
do
4
«
103% 104
in
do
Boston H. & Erie, 1st m..
do
104
105
8s. i882, s.f.
do
Railroad Bonds.
(,Stock. Exchange Prices.)
4
•
■
do '
Spring Mountain Coal....
4
•
•
•
•
1st
f
1444
Pennsylvania Coal
73%
1882 or’83
1386
18+7
1888
1889 or ’9'J
do
44
44
.4
25
73%
t'.'.v.
27
25
Atlantic & Pac. Tel
Am. District Telegraph...
Canton Co., Baltimore....
American Coal..^
Consolidate Coal of Md..
Cumberland Coal & Iron.
Maryland Coal
•
do
do
2d mort...
Lake Shore—
110
Mich S. & N.Ind., S.F., 7 p.c. 109
Cleve. & Tol. sinking fund.. 107%
do
new bonds.... *U2
Cleve. P’ville & Ash., old bds *102
110
do
do
new bds
Buffalo & Erie, new bonds... 110
102
Buffalo Sc State Line 7s
Kalamazoo Sc W. Pigeon, 1st
Det. Mon. Sc Tol.,lst 7s, 1906. X*104
110
Lake Shore Dlv. bonds
111
do
Cons. coup.. 1st.
112
do
Cons, reg., 1st.,
do
' Cons, coup.,2d.,
102%
102
do
Cons, reg.,2d,...
Tone Island
Missouri Kansas & Texas
New York Elevated RR.
Iff. Y. New Haven & Hart
Ohio* Mississippi,pref
Pitts. Ft. W. & Cn., guar..
do
do
special
Rensselaer & Saratoga .
Rome Watertown & Og.
ht. Louis Alton * T. H...
do
do
pref
Belleville* So. Ill.,pref.
St. L. I. Mt. & Southern...
8t.L. K. C. & North’n.pref
Terre Haute* Ind’polls..
United N. J. R. & C.
.
New York State—
6s, Canal Loan, 1878
Erie, 1st mort., extended
do
2d
do
105%
7s, 1879
Miscellaneous List.
3d
do
do
*108%
7s, 1883
(Brokers' Quotations.)
do
4th do
105%
7s, 1830
CITIES.
do
5th do
108%
7s, 1888...
do
7s, cons., mort., g’d bds..
Albany, N. Y., 6s, long
*109% iio
do Long Dock bonds
Buffalo Water, long
Buff. N. Y. Sc E, 1st. m., 1916... uos%
Chicago 6s, long dates
94
'95
Han. & St. Jo., 8s, cony. mort.
do
78, sewerage
Illinois Central—
do
7s, water
do
Dubuque Sc Sioux City,1st m.
7s, river lmprovem’t
do
do
2d dlv.
Cleveland 78, long
Cedar F. Sc Minn., 1st mort..
87% 89% Detroit Water Works 7s......
Elizabeth City, 1880-1905
Indlanap. Bl. Sc W., 1st mort... 721
quot'd.)
Albany * Susquehanna..
(Active previ'usly
•
•
cent value, whatever the par may be.
per
Bid.
BBOUBITIBS.
..
Rens. & Saratoga, 1st reg....
Burl. C. Rap. & Northern
Central Pacific
4
.
ioo
RAILROAD
Railroad. Stocks.
•
••
•
1R7R.
do
Asylum or Un., due 1892
Funding, due 1894-6
Han. & Bt. Jos., due 1886
do
do 1887
do
• •
71
100
102
7h. small
’R7R-79
78. 1890
do
do
do
#
11.
.
7s,’consolidated
Mlnannrl
107%
100%
100%
7s,gold bonds...
do
do
do
do
do
do
do
•
20
20
20
3
3
do
6s, new
6s, new float’g debt.
7s, Penitentiary
6s, levee
8s, do
8s. do 1875
8s, of 1910
ao
do
„
Jo
8s of 1893
Arkansas 6s, funded
do 7s, L. R. & Ft. 8.188
do 73 Memphis * L.R.
do 7s,L.R.P.B.*N.O
do 78, Miss. O. & R. R.
50
50
50
50
50
E0
50
Louisiana 6s
the
BONDS.
Ask.
Bid.
BBOUBITIBS.
Prices represent
93
71
40
27%
22
35
105
75
65
4
4
4 #
*87
*81
98
....
mort. 7s
Rich.* Danv. 1st consoles
Southwest.,Ga ,conv 7s,’86
95
90
95
71%
100
Southwestern, Ga., stock.
3. Carolina RR. 1st m. 7s..
7s, 1902
7s, non mort
Savannah * Char .1st m. 7e
Cha’ston & Sav. 6s, end.
West Ala., 1st mort. 8s....
2d m. 8s, guar
PAST DUE COUPONS
Tennessee State coupons..
South Carolina consol
Virginia coupons
Consol, conn
Memphis City coupons....
to-day; these aie latest quotations made this week.
•
•
72
101
80
21
*85
*5
80
305
10
40
108
103
1C6
15
25
*
40
15
78
30
80
40
CHRONICLE.
THE
120
NEW YORK
Bank
SECURITIES.
LOCAL
Insurance Stock List.
[Quotations by K. 8. Bailey, broker, 7 Pine street.]
Stock List.
r
Capital.
Companies.
Mark’d thus (*)
are not Nat’l.
Period 1876. 1877.
3,000,000 1.525.700 J. & J.
5,000,000 1,2*5,000 M.&N.
100
184,400 J. & J.
250,000
America*
100
Am. Exchange. 100
Bowery
8
&
July
4
May. ’78. 3
July, *78. 5
(?)
150,000
25 1,000,000 1.100.700 T.& J.
10
(?) M. & S.
200,000
25
38.600 J. & J.
500,000
68
16
Ju]y. ’78. 8 ‘
Bull’s Head*...
Butchers’.* Dr.
City
.
....
..
’78.
May, .78.
July, ’78.
Jan., *70.
Aug., ’78.
July, ’78.
July, ’76.
&
ni
97,*00
25,ooo;.f &
300,000
1,000,000 145,800; r. &
1,500,000 1.685.300 j
500,000 108.30011 «fc
100,000
8,500'j &
25
40
100
100
50
E0
Grocers*
Hanover
Imp.& Traders’
Irving
City*...
Leather Manuf.
Manhattan*..
Manuf. &Mer.*
Marine
Market
Mechanics’
Mech. Assoc’n.
Mech’ics & Tr.
Mercantile
Merchants’.
Merchants’ Ex.
415,700
100
600,000
50 2,050,000
.
J
,T
F.& A
10,100 J. & J.
77.200 •J. & J.
100,000
400,000
100 1,000,000
25 2,000,000
50
500,000
25
600,000
100 ,000,000
50 2,000,000
50 1,000,000
Metropolis*.
100
'00,000
Metropolitan
100 3,000,000
Murray Hill*.. 100 100,000
Nassau*
100 1,000,000
New Yora
100 3,000,000
N. Y.County.. 100
200,000
N. Y. N. Exch. 100
300,000
Ninth
100
750,000
No. America*.. 70
700,000
North River*.
50
240,000
Oriental*
25
300,000
Pacific*...
50
422,700
Park
100 2,000,000
Peoples’*
25
412,500
Phenlx
20 1,000,000
Produce*
100
200,000
Republic
100 1,500,00 '
St. Nicholas... 100
1,000,000
Seventh Ward. 100
300,000
Second
100
800,000
Shoe & Leather 100
1,000,000
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
60
100
“5
267,100 T.& J
8^5,700 J. & J
81,200! M.&N.
89,2001 M.&N
172,600' M &N.
684,300 .J. & J.
.
...
217,600 .J. & J.
45,900 .!. & J
.
.
871.500 .). & J.
..
90,000
55.200
747,01.0
80,400
79.200
24.100
29,500
86,000
165,800
219.500
243.200
....
A.& O.
M.&N.
I. & J.
.1. & .7.
F. & A,
J & 3
•I. & J
J. & J.
J & J.
.
8
10
3
9
8
8
8
.
.
Q-F.
J. & J.
155,000 •J. & J.
141,700 J. & J.
1,600
316,100 F.&A.
162,000
F.&A.
J.& J.
J. & J.
•J. & J.
J. & J
M.&.N
J.& J.
J. & J.
M.&N.
J. & J
49.100
6M00
203.500
46,800
195,900
nil.
309,400
694.200
87,000
6
May,
7% Jury,
0k Jul\,
Jan.,
io July,
July,
6
May,
July,
Jan.,
3k
8
6
3
7
6
Aug ,
Ja.,.,
v*
10
10
7
7
3
9
8
8
8
10
9
8
100
193
130
150
3k 100
4
120
2k
3k
3
3
3
75
118
70
3k
120
S'
2*
’80
3k
102
Mecb’ics’(Bkn)
80
3
Mercantile..
Merchants’
4
3
’74. 3 k
*78. 3
90k
Nations.1
N. Y. Equitable
New York Fire
N. Y. & Boston
New York City
8214
Aug. ’77. 2k
Jan., ’77. 3
July, ’78. 4
Ju y, ’78. 5
Jan. ,’’78. 3
May, ’78. 3k
Jan., ’78.
Jan., ’78. 4
Niagara
North River....
Pacific
Park
Peter Cooper...
People’s
Phe'nix (Bklyn
Produce Excb.
Relief
5
4
Republic
Rutgers’
Safeguard
Quotations by George II. Prentiss, Broker, 30 Broad Street.:
Par.
Brooklyn Gas Light Co
do
certificates
1,C00
Harlem
Jersey City & Hoboken
Manhattan
Metropolitan
do
certificates
Mutual, N. Y
...
bonds
’78
’7h
’78
’78
July, ’78
June, ’7«
B’eb.,’78
Feb.,’78
July, ’78
Aug., ’78
July ,’78
May, ’78
May, ’78
JaD., ’76
7%
5
5
3%
IX
Quar.
1,000,000 F.& A. 3kg
3
1,000,000 Var
700,000 M.&N. 3X
M.&N.
4
4,000,000
1,000,000 J. * J. 31*'
1,000
325,000 M.&N. 314
Var.
300,000 J. & J. 3k
50
466,000 F.& A. 3k
50 1,000,000 Quar.
Var. 1,000,000 J. & J. 3k
100 1,000,000 M.&N. 2k
100 1,500,000
scrip
.
....:
do
bonds..
do
certificate 8,
Central of New York
.....
do
Williamsburg
do
5,000,000
5
3
scrip
Metropolitan, Brooklyn
Municipal...,.
Bid.
*
Apr
July,
3k Apr.,
3
Feb.,
2,000,000
1,200,000
25
Va
100
10
People’s (Brooklyn)
do
50
20
50
100
Y r.
100
Var.
Var.
320,000 A.&O.
1,850 000 F.&A.
38*,000 J.& J.
4,000,000 J. & J.
2,500,000 M.& S.
1,000,000 M. & S.
Rate.
Date.
1,000
Nassau. Brooklyn
do
New York
Amount. Period.
25
20
Citizens’Gas Co lliklyn)
do
St. Nicholas....
Standard
Star
City Railroad Stocks and Bonds.
Gas Companies.
,
July, ’78
Feb., ’78
Juiy. ’78
J».y, ’78
ay, ’78
143
x73
95
75
150
180
130
103
72
95
72
93
90
20
90
70
75
95
60
F5
Sterling
Stuyvesiant
Ask
Tradesmen’s....
United States.7
Westchester...
155
80
100
82
160
185
135
104
76
102
76
Williamsb’g 0
Bleecker St. A Fulton terry -stk.
1st mortgage
100
oan ana
1.000
Broadway A Seventh Ace—stk..
100
694,000
1st mortgage
1,000
j.
w
J.
1,500,000 J.&D.
2,000,000 Q-F.
1#
Brooklyn City—stock
1st mortgage
1,000
'300,000 M.&N
100
Broadway XBrookh/n)— stock.
200,000 Q—L
100
Brooklyn A Hunter's Pt—stock.
400,000 A.&O.
1st mortgage bonds
1,000
300.000 J <35 J
fvnn
100
Bushwick Av. (B'klyn)—stock..
100 1,800,000 j. & j.
central PA y.A E. liiver—stk.
Consolidated mortgage bon s 1,000 1.200,000 J.&D.
100 1,200,000 Q-F.
Dry Dock, E. B. A Battery— stk
1st mortgage, cons’d
oOO&c
900,000 J.&D
100 1,000,000 .!. & 1.
Eighth Avenue—stock
..
•
•
.,
1st mortgage
2d St. A Grand St
1st mortgage
1,000
ferry—stock
1,000
Central Cross 'lown- stock.
1st mortgage
Houston, West st.APav.F’y—stk
1st mortgage
Second Avenuc—stock
3d mortgage
Cons. Convertible
..
Extension
,
Sixth Avenue- stock
1st mortgage
Third Avenue—stock
1st mortgage
7 ipenly-thira Street—s u>ck ...
Ifit
100
100
1,000
100
500
100
203,000 J. & J
748,000 M.&N.
236,000 A.&O.
.
anal500,000 J. & J.
1,199,500
1,000
150,000
1.000 1,050,000
500&C.
200,000
J00
1,000
Q.-F.
A.&O.
M.&N.
A.& <>.
750,000 M.&N.
415,000 T. & J.
100
.
2.000,000 Q-F.
1,000 v ,000,000 J. & J.
100
600,000 r & j.
1.000
250,000
*iJiis column shows last uividenu on stocks,
M.&N.
M.&V
.
92
65
98
3k Aug., ’73 140
7
Nov., ’80 104
3
Ju’y, ’78 135
3
7
’76
h-* GO $
..
3
7
2
7
6
7
5
7
000 000
2o6!66o
J
7
7
2
7
7
7
5
7
10
7
4
7
..
76,
100
75
Ju’y. ’78
i902
Aug., ’78
•Ju* e, ’93
Ju y, ’78
Ja,
’84
May, ’78
Apr., ’93
95
....
101
100
115
105
40
Nov.1904 91
13
July, ’94 83
.,
Apr., ’18
Apr ’85
May, ’88
Oct.. ’83
,
95
....
May, ’77 50
July, ’90,105
May, ’78 108
July, ’90 95
Aug.,’78 95
M*y, ’93 100
17k
Feb..
18
5
5
25
20
10
129,148
500,000
553,398
200,000
98,478
3,000,000 1,016,703
1? 0,000
20,481
500,000 134,066
200,000
104,159
200,000
39,470
200,000 +96,818
150,000
195,000
280,000
49,640
150,000
151,093
200,000 126,919
150,000
57,935
200,000 +134,946
300,000
80,494
200,000 192,806
250,000 208,004
200,000 268,204
150,000
10
10
10
12
12
13
10
20
20
10
20
10
10
10
30
20
40
5
10
20
10
10
10
10
10
10
12
12
12
13
10
20
10
20
10
10
20
10
12
20
30
20
10
20
18
20
14
20
17
.
12
10
10
20
10
20
10
10
20
10
11
14
30
20
10
20
20
25
16
20
20
20
10
10
16
10
10
14
30
10
10
20
20
20
12
20
20
177,028
....
io ‘
300,000
250,000
•
•
....
100
3.85
.
190
175
170
120
120
10
10
12
30
20
20
20
20
July,
July,
July,
July,
July,
July,
July,
July,
Mar.,
July.
Jan
,
Julv,
July,
Ju y,
July,
July,
Ju y,
’78. 7k
’78. 5
’78. 5
’78. 5
’78. 5
’78 5
’78. 5
*78. 5
’T8 5
’78.10
*70. 5
’78. 8
’78. 5
’78. 5
’78. 8
*78. 5
’78. 6
’78. 5
’78.10
’7-C10
July,
July,
July,
•July, ’78. 5
July, ’78. 8
July, ’78. 5
July, ’78.10
July, ’78. 5
July, ’78.10
Feb.. ;78. 7
-
•
....
•
•
•
••
•
•
•
130
130
....
•
.
•
•
55
158
136
165
190
107
11*5
....
•
115
125
103
40
100
...
Jan.. *77. 5
Ju y. ’78. 3k
.
25
Ju’y, ’78. 5 ’ 115
July, ’78. 7 140
July. ’78. 5 108
Ju y, ’78. 7k
•
•
50
110
05
120
155
125
260
....
70
120
i35
127
90
110
100
114
70
••
•
•
iio
50
60
•
• • •
....
•
110
90
100
80
•
...
...
••
•
'90
....
150
iio
104
90
150
HO
125
100
160
160
+0
130
.
95
...»
85
140
108
•
•••
*90
....
...
....
...
....
102
....
lb5
195
150
130
...
...
10
12
11
20
20
20
18
20
July, ’77. 5
July, ’78. 5
'pr.,’78. 5
July, ’78.10
July, ’78. 6
luiy, ’78 10
July, ’78. 6
Juy, ’78. 5
8k
3k Jnn.t ’77. 3k
10
10
luiy, ’78. 5
10
10
luly, ’78. 5
13
12
Inly. ’78. 5
25
20
July, ’78.10
12k 15k 16
mly. *78 8
10
10
10
Aug., ’78 5
11-6 11-55 12 35 July, ’78.6-23
12k 15
17k Jlyu, ’78. 5
10
10
10
feb., ’78. 5
20
Jan
16
20
’78. 7
20
25
20
July, ’78. 5
16
16
16
July. ’78. 6
10
10
Aug., ’78. 5
221,003 10
20
20
408,142 20
July, ’78.10
10
12
30
20
20
20
15
5
10
10
11
20
•
ttf
10
30
20
40
10
18
55
,
Interest.
Rate.
Nt.w
York:
1841-63.
Water stock
do
80
85
85
100
67
98
1854-57.
Croton water stock.. 1815-51.
.135)2-60.
Aqued’ctstock. 1865.
pipes and mains...
reservoir bonds
Central Pat k bonds. .1853-57.
do
do
Croton
do
io -
UO
.
..1853-65.
Dock bonds
1870.
do
1:75.
Floating debt stock.... 1860.
25
95
70
101
150
110
150
85
102
85
60
’.00
86
102
Market stock
1865-68.
Improvement stock.... 1869
do
go
....1869.
var.
Consolidated bonds
Street imp. stock
var.
do
do
New Consolidated
Westchester Countv
var.
‘65
50
110
110
210
105
180
110
112
50
116
120
240
115
•
•
•
1
iso
70
...
•
•
70
90
150
•
•
ioo
•
•
•
•
'60
80
130
ioo
107
95
....
120
125
125
•
•
« •
•
...
i35
114
100
193
200
t The surplus
•
Mouths
Payable.
5
Feb., May Aug.& Nov.
do
do
6
do
do
5
do
*
do
6
do
do
6
May & November.
7
6
Feb., May Aug.& Nov.
do
do
5
do
do
6
7
May & November.
6
6
Feb.,May, Aug.& Nov.
7
May & November.
do
do
6
do
do
7
do
6 g•
do
6
do
do
do
do
7
0 g.
January & July.
do
do
7
Price.
Bonds
due.
Bid. Ask
1878-1880 100
1878-1879
1890
1883-1S90
1884-1911
1884-1900
1907-1911
1878-1898
1877-1895
1901
101
102
100
101** 102%
103
104
106
108
117
108
103
107
117
108
101
118
106
114
109
105
1(’5
109
107
109
107
101
100
116
106
1898
100
1878
1894-1897 117
1889
105
1879-1890 102
1901
1888
108
102k
1879-1882 102
1896
1894
U8
106
[Quotations by N. T. Berks. Jr.. Broker. 1% Wall at.]
Brooklyn-Local itiipr’eiu’t—
City bonds
do
Park bonds...,
Water loan bonds
iio
125
Bridge bonds
Ii5
but the date of maturity of bonds.
’78.10
’78.10
’78.10
’78. 5
’78. 6
’77. 5
'77. 5
•••
.
€lty Securities*
96k
85
60
115
111
100
100
103
20
’?8.10
’77. 5
....
•
,
.
.
100
140
102
65
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.
95
30
82k
Jan., ’7?. 4
Jan.. ’77. 5
July, ’?8. 5
20
20
+ •
25,019 10
m
50
96
24
85
50
100
’78. 5
4
5
10
20
5
June,
Feb.,
Aug,,
Ju'y,
July,
Bid. Ask.
60
’78. 5
’78. 8k
130
’78. 7
Over all liabililies, including re-insurance, capital and scrip,
presented by scrip is deductel. — shows deficiencies.
do
7
|J’ly,1900
2k July, ’78
7
June, ’84
2,100.000 Q-J.
200,000
200,000
150,000
10
50
.
15
10
July,
July.
July.
July,
*
re
[Quotations by H. L. Grant, Broker, 145 Broadway.]
*
200.000
*
io
200,000
49,942
200,000 191,016
200,000 114,916
200,000 211,737
200,000 103.510
37k
35 ~
210,000 323,996
100
200,000 178,79c
100
200,000 -26,Cl 3
-8,314
100
200,0'0
50
500,000 448,830
25
124,141
350,000
25
200,000 424,88h
100
200,000 102,561
20
150,000 206,026
108,888
50
150,000
50
1.000,000 789,612
3,256
100
200,000
50
55,755
200,000
100
+8,324
300,000
60,741
100
200,000
25
200,000 203,785
100
200,000 116,943
25
200,000
14,484
160 044
50
200,000
100
200,000
128,752
!00
200,000
52,184
25
200,000
146,366
25
150,000
168,584
25
250,000 228,643
.
....
Ridgewood
iGas
200,000
50
50
50
50
50
Montauk (Bkn)
Nassau (Bklyn)
§ The figures in this column are of date June 29th for the National banks, and of
date June 22d for the State banks.
Gas and
500,000
Manuf.& Build. 100
Manhattan
100
Mech.&Trad’rs' 25
4
4
3
4,978
686,951
653,039
116,152
301,674
No fig’s.
200,000
50
50
100
Home
25
Hope
50
Howard
importers’* T.. 50
100
Irving
30
Jefferson
Kings Co.(Bkn) 20
Knickerbocker 40
Lalayette(Bkn) 50
100
Lamar.. '
25
Lenox
LongIsl.(Bkn.) 50
25
Lori Hard
15
—
1,000,000
Hanover
5
May, ’78.
Jan.,’78.
200,000
200,000
200,000
204,000
150,000
150,000
50
17
10
10
* 10
10.
25
15
10
8
10
10
20
10
20
20
20
20
20
10
10
25
Last Paid.
July.
July,
Jan.,
July, ’7h. 8
+899,436 9*80 11-45 1250 July, ’78.6 75
30
20
496,731 30
ApL, *78.10
14
14
96,572 14
July, *?8. 5
10
Id
3
—19,724
Jan., ’77. 3
20
15
111,728 15
Aug.. *78. 5
154.588 12k 15
15
July, ’7s. 7k
15
12
97,688 19
July, *78 5
10
10
13,406 10
July, *77. 5
12
12
80,783 12
July, *78. 5
1,000,000
300,000
200,000
Hoffman
July, >78.
July, *78.
Tk
'
90
,
July,
Aug.,
.
Firemen’s Funf
Firemen’s Tr..
100
Franklin
German-Amer. 100
50
Germania
50
Globe
25
Greenwich
100
Guaranty
100
Guardian
15
Hamilton
S*
12
6
10
6
8
6
12
11
6
.98
3k
July, ’77.
...
Farragut
Firemen’s
July, ’74.
July, ’78.
Aug ’78. 2k 124
July, ’78. 3
11
12
12
10
10
225
325
95
Ian., *77. 3
’78.
’78.
’77.
’77.
’78.
’78.
’77.
’<6.
’78.
’78.
’78.
’78.
’78.
’78.
’77.
25
17
20
70
100
30
Columbia
Commerce Fire 100
Commercial ... 50
Continental.... 100
40
Eagle
Empire City.... 100
100
Emporium
30
Exchange
3
7
4
3
5
4
Broadway
Brooklyn
Citizens*.
City
Clinton
3k
July, ’78. 3k
2k May,
7k NOV.,
&
4
119
78
,
July,
V* July,
&
.
3
5
July, ’78.
July, ’78.
6.V* Jan., ’78.
12
July, ’78.
8
Aug , ’78.
Jury, ’75.
Jan., ’76.
12
9
1,103,000
118
4
Bowery
Brewers’ & M.. 100
3
5
July, ’78 3
May, ’78. 5
Apr ’78. 3k
Feb., ’74. 3
May, ’78. 5
May, ’77. 6
May, *78. 3
7
14
8
J.
3k
pL, ’78! 3
*8
8
3
14
10
J
7o
95
’
Q—j.
Greenwich*
Grand Central *
4
20
50
25
18,356
22,314
t211,702
72,177
—9,613
No fig’s.
109,572
Pbioe.
Dividends.
1875. 1876. 1877.
10
14
15
10
8
10
10
392.121 30
No fig’s. 5
300,* 42 20
204,883 30
+320,870 20
179,468 20
210,000
250,000 138,119 20
300,000 —17,877 !0
2,008 10
200,000
200;000 164,803 20
200,000
200,000
400*000
200,000
200,000
200,000
200,000
300,000
200,000
200,000
153,000
300,000
100
Arctic
Atlantic
Oct., 77, 2k
'
25
loo
Amity
1878.*
Amount
American
50
American Excb loo
July,' >’78.'3 '
^Ia,y.
’78.15
'ulJ.
V*
....
Islaud
Ju y, ’78.
8
■
Commerce
Continental
Corn Exch’ge*.
East River
11th Ward*....
Fifth
Fifth Avenue*.
First.
Fourth
Fulton
Gallatin...
German Am.*.
German Exch.*
Germania*
uV..’77.
•
8
305.800 J. & J.
100 2,000,000
100
17,000
300,000
*9
lb
J.&J.
25
156,000
450,000
100
100
300,000 3,100,500 Ri-m’ly 100
8
25
600,000 150.800 J. & J.
100 1,000,000 1.564.300 M.&N. 20
6
7
100 ,000,000 2.723.300 r. & J.
3
100 1,250,000
297,100 J. & J.
io
100 1,000,000
76',200 F.&A. 10
52.600 •J. & J.
25
gx
250,000
13,000 I. & J.
25
100,000
io
10
49,000 Q-J.
100
150,000
100
100,000 145,000
12
i:2
100
500.000 1,244,000
985,000 J. & J.
100 3,500,000
0k
7k
10
30
600,000 444.800 M.&N. 10
7
50 1,500,000
072,100 A.& O.
7k
40,700 F.&A.
100
750,000
*6
*6
100
43,*00 May.
200,000
6
39.800 May.
100
200,000
7
25
15.600 M.&N.
200.000
Central..
Chase
Chatham
Chemical
Citizens’
Adriatic
./Etna
13'X
104&
Sept. .75. 5
*8
To
103
Par.
*
Surplus,
Jan. 1,
COMPANIES.
Bid. Ask
Last Paid.
9
7
12
Brewers’* Gr.* 100
Broadway
Net
Capital.
latest
dates. §
Amount
Price.
Dividends.
Surplus
at
[VOL. XXV11.
Water loan.
...
City Donas
Kings Co. bonds
..
do
do
Park bonds
“f
Bridg
"All
•
January & July,
do
do
do
do
do
do
do
do
do
do
do
do
Mav & November
<ln
do
January & July.
do
do
7
7
7
7
7
6
6
7
6
6
6
1878-1880 101
104
1881-1895 105
113
1915-1924 116% 119%
1903
11B% 119k
1915
116% 119k
1902-1905
1881-1895
1880-1883
1880-1885
1924
108
104
109k
107
108
106
103
108
103
102
106k
1907-1910 107
Brooklyn bonds fiat.
[Quotations by C. Zmiriskte. 4? Montgomery St.. Jersey City.]
Jersey City—
Waiei loan, long
do
1869-71
Sewerage bonds
1866-69
Assessment bonds... 1870-71
Improvement bonds
Bergen bonds
18G3-G9
6
7
7
7
7
7
1895
1899-1902
1S77-1879
do
do
1891
Jan., May, Julv & Nov.
11*05
J. & J. and J & D.
1900
January and July.
,
January & July.
January & Juiy.
101
107
102
108
101
100
100k
107
105
I
1
3,
August
121
THE CHRONICLE.
1878.]
renewed in great part with steel, leaving
the old light rails in use, and the:e will be
The track has been
^iwestments
only ten miles of
replaced daring the current year.
AND
STATE, CITY AND
GENERAL INVESTMENT
CORPORATION FINANCES.
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
The
to supply regular
however, is bound
with The Financial Review (Annual), and can he purchased
office, as onlv a sufficient number is printed
subscribers. One number of the Supplement,
up
in that
shape.
ANNUAL
REPORTS.
Rutland Railroad.
NE W8.
Southern.—A press despatch from Mobile,
Frederick Wolffe, financial manager of the
Alabama Great Southern Railroad, to-day settled for the full
amount due by John Swann, purchaser of the Alabama & Chatta¬
nooga Railroad, in accordance with the decrees of the court.”
Ashtabula Youngstown & Pittsburg.—This railroad is
advertised to be sold at Youngstown, Ohio, Saturday, August 24.
Boston & Lowell.—Nashua & Lowell.—The Lowell Courier
says: “It is generally understood that the directors of tlie Boston &
Lowell Railroad Company have made a definite proposition, sub¬
ject to the ratification of the stockholders, of the terms ou which
they will take a lease of the Nashua & Lowell Railroad for a
long term of years. The offer is G^ per cent on the capital stock,
free of taxes, the purchase of some of its outside property, assur¬
Alabama Great
Ala., July 29, says : “
(For the year ending June 30, 1878.)
held at
meeting of this railroad company was
contained the
ing its leases, etc. This proposition has been rejected by a
Rutland, Vt., July 31. The Treasurer’s report
majority of the directors of the latter road, and preparations arefollowing
BALANCE SHEET, JUNE 30, 1878.
soon to be made to run each road separately at the expiration of
Debit.
Gvcctzt
$8,865,487 the present joiut contract in October. I: is said that some of
Construction account..
Capital
$2,480,60,0
The annual
....
stock
capital stock
4,(00, 00
1,000,0(0
1,500,000
217, *'92
Preferred
Bonds, mortgage equipment
Bond-', first mortgage...
Dividend scrip outstanding.
Coupons unpaid
Bills
3 257
361,2-28
payable
Rea! estate.
addiuon Railroad stock and
...
securities
...
Mortgage >onds on hand. .
Rent due aud unpa’d
Cash...
339.501
210.700
experiment, while others are very doubtful of the results.
With roads so intimately connected together in business, and
after tlie experiences of a ioint operation for over twenty years,
11,500
1,303
Total
$9,561,477
The rent for the Rutland and leased roads for the current year
has been paid.
The receipts for the year ending June 30 were
follows
as
For cash
on
:
$2,876
301,000
554
13,293
$322,725
hand
For rent of roads
For rent of real estate
For interest on receivables
Total
The disbursements were as
For
For
For
For
For
For
follows
:
coupons on equipment bonds
coupons on mortgage bonds
interest account
rent of leased roads
salaries and miscellaneous expenses
taxes for 1875-76-77
Cash
.-.
:
.
!
Total
$75,000
106,040
37,975
70,959
10,156
15 219
1,363
$322,7.5
Ou motion, it wos
Voted, That it is expedient for this company and the.-boar 1 of directors
by this vote authoiized and empowered, to issue the bonds or notes of the
company in sums ot $100, $5('0 and $1,C03 each, to an amount not exceeding
$1,500,000, and bearing date ar, the date at which said board of directors may
determine by iheir vote, s.id bonds to be made payable in twenty years, and
bearing interest at a rate nut exceeding five per cent per annum, and payable
in the cit}r of Boston, and to secure th • payment of such bonds and interest
by a mortgage upon the railroad and personal property of the Company,
subject 1o the prior existing liens, until the same shall be letired or
are
exchanged for the bonds issued under this vote; and the president and
hereby authorized to sign and append the corporate seal of this
company to such bonds and mortgage, and to issue 6nch bonds when directed
so to do by the board of directors.
The following directors were elected: John B. Page, John
treasurer are
Prout, James H. Williams. James
Jacob Edwards, James S. Whitney,
W. Hick ok, E. A. Birchard,
Edward S. Moseley, George
W. Gill.
Atlanta & West Point.
1878.)
The anuual report supplies the following information : The
equipment consists of 19 engines ; 5 passenger, 4 baggage and 1
express car ; 113 box, 18 stock, 23 platform, 3 coal and 5 caboose
(For the year ending June 30,
follows:
Stock
Bonds
Total
The
.
freight business for the year was as
follows :
1876-7
,1877-8
43,626
45,778
Bales local cotton
Bales through cott.on
Total cotton
24,725
55,471
70,503
99J97
75,684
69,133
The loss in through cotton was due chiefly to competition on
shipments from Selma and Montgomery. Local cotton promises
Total tons
:.
freight
further increase this year.
The earnings for the year were as
to show a
follows
:
1876-7.
1877-8.
Passengers ... ......
Freight...
Express and mail
$88,101
193,481
;
7.372
Miscellaneous
176,208
Expenses..
Net
earnings
r
$134,949
:
Payments from net earniDgs were as
follows:
Net earrings
Rentals of Central & Georgia track
New rails over annual wear
New freight depot and track in Atlanta
Surplus
From this surplus
dividends of 4 per cent
-
18,883
10,692
$311,158
Total
interest w&s paid, and two
each paid to stockholders.
“
separate
operation is considered by many a
bold experiment at this
stockholders of
taken by the
Nashua &
Lowell directors toward the Boston & Lowell seems to preclude
further joint operation, and if a lease
fails, separation is
It has not yet received the sanction of the
time.
the Nashua & Lowell, and is said to be a step
directors without their advice.
Tlie attitude of the
unavoidable.
The Nashua & Lowell has a lease
Wilton & Peterborough roads, and
that $20,000 have been loaned
“
of the Stony Brook and the
the last report informs us
the‘Manchester & Keene Railroad*
by the direc'ors/ and ‘the directors are also under a verbal
engagement, by a vote passed for that purpose, to furnish the fur¬
ther sum of $40,000 by way of loan’ on certain terms, to be
secured by a mortgage and the right to operate that road.”
Boston Water Power Company.—The Boston Advertiser
says “ In the negotiations between the Boston Water Power Com¬
*
Matthews, the Journal says the only
has been a difference of opinion as to
the amount Mr. Matthews owes the company.
The bonds of the
Water Power Company to the amount of $852,000 have been held
by the trustees, ’j he company has satisfied certain indebtedness,whereby Mr. Matthews is willing that $500,000 of tlie $852,000
should be canceled by the trustees. This left the sum of $350,000,
and the question arose bow many of those bonds Mr. Matthews
After numerous consultations, it was agreed that
should have.
the Matthews party should be paid $230,000 ;* but when they came
to draw up the memorandum of the settlement, Mr. Matthews
insisted that the coupons on the $250,000 of bonds should be paid
in cash. This called for $70,000, which the Water Power Company
liad not at its disposal. Geueral Whitney objected to the payment
of the coupons, and the negotiations were broken off a week ago.
Finally, Mr. Matthews agreed to waive tlie payment of the cou¬
Three d«ys ago the par¬
pons, and a fresh agreement was made.
ties to the settlement were separated by tlie sum of $50,000; on
Thursday the amount was reduced -o $25,000, and the hope is
indulged that ultimately a settlement of this vexed que3t:on will
pany and Mr. Nathan
hindrance to a settlement
be effected.”
Coal Auction
Western
50,000 tons of
Sale.—The Delaware Lackawanna &
Railroad Company sold on Wednesday, July 31,
Scranton coal irom the Lackawauua Valley,
Hoboken during month of August.
The entire
iuto 15,000 tons of grate, 15,000 tons of egg,
deliverable at
lot was divided
15,000 tons of stove,
and 15,000 tons of chestnut.
There
was
of the steamboat
none
$1,232,2 0
The
sale
was
very
slimly
attended, and
lump
size
offered.
83,C00
the bidding was somewhat slov and dull,prices falling somewhat
$1,315 290
below the rates which ruled at the end of Juue.
The following
table shows the prices obtained, as compared with the prices of
cars.
The stock and bonds are as
anxious to try this
the Nashua
$9,564,477 !
Total
& Lowell directors are very
115,9.'5
$145,435
last month
:
Size:
E"g
Kansas Pacific
Average.
$3 49
3 58%
3 88
3 25
Rates.
$3 50 @3 47#
3 60 @3 5?X
3 90 @....
3 22#®....
Grate
Stove
Chestnut
Last Month’s
Wednesday’s
•
%
Railroad Securities.—The New
York Stock
Railway
Exchange Committee have directed that Kansas Pacific
Company stock and bonds, lately on the free list,
be transferred
regular list, and that, in addition to the receut call of the
following, they be also called with “coupon certificates” in lieu
to the
certificates, countersigned by
New York, or either of the
Number corresponding with number of the
of tlie coupons represented by the
the National Bank of Commerce,
foreign trustees.
bond, viz:
First mortgage six per cen% dated August 1, 1865, due August
1, 1895, February and August, w*ith counon certificate,
First mortgage six per cent, dated Juno 1.18GG, due June
June and December, with June, 1877, coupon on, and coupon
certificate, $135, with coupon, December, 1876, June and Decem¬
ber, 1877. First mortgage seven per cent,
$135..
1,1896,
Leavenworth branch,
and November,
$113,435 with May, 1877, to May, 1878, both inclusive, coupons on ; and
semi-annual coupon certificates, $35 and $122 50, with coupon on, November,
1876, to May, 1878, both inclusive.
First mortgage seven per
32.000
dated January 1,1866, due
January 1, 1896, May
122
THE
CHRONICLE.
Statistics of the American Iron Trade in 1877.*—The year
1877 witnessed an increased demand for some of our iron and
steel products, as compared with 1876, neutralized, however, ho
far as producers were concerned, by a very marked decrease in
prices*^ ^result which not only prevented an increase in the
paid to labor, but in
instances compelled still further
profitable. Nor did low
prices form the only unfavorable feature of the iron trade of 1877.
More than one-half the furnaces and many of the
rolling mills
were idle the whole year.
Failures and suspensions were fre¬
quent, and other failures and suspensions were yet to come. The
year was more prolific of financial disaster to the American iron
trade than any previous year since the panic.
But it was a favor¬
able year for the consumers of American iron; it was, in fact, the
most favorable year for them in our whole history.
Prices were
at last so low as to warrant the opinion that
they could go no
lower. Hence mainly the increased consumption of iron in that
year. The following table shows the average range of prices per
gross ton of four leading iron and steel products during the year:
wage^
reductions.
v
Prices
were
B!oGms from
Refined Bar
cite Pig Iron
in Philad’a
Iron in
January
$20 75
February
Philadelphia.
$48 72
47
47
44
44
44
44
44
44
44
44
44
March
-
June
July
August
September
18 25
18 59
18 00
October
November
December
Average
Steel
Rails at
Works.
60
04
80
80
80
£0
80
80
80
80
80
$49 CO
49
49
49
47
46
45
44
44
42
40
40
$45 55
Best Iron
Rails in
Philad’a.
$?8 00
fO
00
00
25
59
25
75
00
25
50
50
38
38
37
37
34
34
34
33
32
33
31
$45 58
00
03
50
00
50
50
00
00
50
00
00
$35 25
The
figures above given show a steady decline in the price of
pig iron fiom $20 75 in Jan. to $18 in Aug., when the decline was
arrested for the year, to be continued, however, in 1878. In bar
iron the price fell from $48 72 for best refined in
January to
$44 80 for the same quality in December. Steel rails fell from
$49 at the works in January to $40 50 in December. Iron rails
of standard quality fell from $38 in
January to $32 50 in October.
All these are the lowest prices ever
quoted in this
country, if
we
except the price of pig iron in colonial days and during the first
In late years, prior to 1877, the lowest
average
yearly price of No. 1 anthracite foundry pig iron was in 1881,
the first year of the war, when it was $20 25, the lowest
average
monthly price touched during the year being $18 62£ in October.
The lowest average monthly price in 1877 was in
August, Nov¬
ember and December, when it was
$18; the average for the year
was $18 92.
Previous to the present era of low
prices, the lowest point
touched in the price of best refined bar iron was $52 50
per gross ton
from March to July, 1852; and the lowest
average reached in
any year was $54 66 in 1851. In April, 1877, best refined bar
iron fell to $44 80 a ton, and at this
price it remained to the
close of the year.
The average price for the year was $45 55.
Steel rails were first made on order in this
country in 1867, and
in January, 1868, they were sold at $165.
In December, 1877,
contracts for steel rails were made at
$40, and the average price
for the month was only $40 50.
The average price for the year
was $45 58.
Previous to the present period of low prices, the
lowest point touched in the price of iron rails was
$36 50 a ton
in November and December, 1861, and in
January and February,
1862 ; and the lowest average reached in any
year was $41 75 in
1862.
In October, 1877, iron rails fell to $32 50, and the
average
price for the year was 35 25.
The prices of cut nails and spikes in 1877 were lower than
were ever before reached.
At the beginning of the
year nails
at Pittsburg were firmly
held at $2 75 per keg in large lots. In
March the price fell to $2 50; in June it fell to
$2 25, and sub¬
sequently to $2 15, upon 60 days credit. In December the price
advanced to $2 35, and at the close of the
year the quotations
were at the rate of $2 35, on 60
days credit, with 10 cents off each
keg. if taken in lots of 200 kegs. From these terms a further
deduction of 2 per cent was made
upon all cash sales.
The foregoing statistics exhibit the
depressed condition of the
^American iron trade at the close of 1877 in a
light that requires
little comment.
The low wages, the small
profits or no profits
at all, the bankruptcies, the
pinching, the anxiety and the weari¬
ness of spirit which have
accompanied the great fall in prices
can easily be surmised.
The year 1877 was one of extreme dis¬
couragement to American ironmasters and their workmen, and
during the first half of the year 1873 there has been no material
change for the better—no rift in the dark clouds.
ore
and
1ST2.
1873.
1874.
7,740
18,714
1875,
1876.
120,108
12,60?
10.306
170,652
6,353
191,933
11,924
875,517
525,996
560,587
58,000
62,564
61,670
49,243
41,623
47,300
pig iron
The whole number of furnaces in the United States
whicli
were
completed and either in blast
or
ready to be put in blast at
the close of 1877 was 716,
against 712 at the close of 1876. Of
the furnaces completed at the close of
1876, 236, or less than onethird, were then in blast, and 476 were out of blast. At the close
of 1877 there were 270 in blast and 446 out of
blast, showing an
increase in that year as compared
1876 of
active
with
past six years.
Products.
1872.
1873.
Pig iron
1874.
1875.
1876.
1877.
2,854,558 2,868,278 12,689,413 2,266,581 2,093,236 2,314,585
All rolled iron, incl’dg
nails and iron rails. 1,847,922
1,837,430 :1,694,616 1,599,516 1,509,269
All rolled iron,
Kegs of cut nails and
spikes, included in
all rolled iron
Crucible cast steel....
.
1,476,759
incl’dg
nails & excl’g. rails.
Bessemer steel rails...
Iron and all other rails
Street rails,included in
iron rails
Rails of all kinds
Open-hearth steel
941,992 1,076,368 :1,110,147 1,097,867 1.042,101
1,144,219
94,070 129,015 144,944 290,863 412,461
905,930 761,062 584,469 501,619 467,168 432,169
332,540
15,COO
9,430
1,000,COO
890,077
6,739
729,413
16,340
792,512
13,036
879,629
excess
and stocks in the hands of makers were reduced. At the
close of
1876 makers* stocks amounted to
686,798 net tons, and at the
close of 1877 this quantity had been reduced to
642,351 tons, a
difference of 44,447 tons.
The imports of pig iron in 1877
amounted to 66,S71 net tons, and our
exports to 7,687 tons, show¬
ing
a difference in favor of importations of 59,184 tons.
If we
add the production of 2,314,585 net tons in 1877 to the
reduction
of 44,447 tons in stock and the net
importation of 59,184 tons, we
have an approximate
consumption last" year of 2-,418,216 tons,
against 2,172,503 tons in 1876.
IRON RAILS.
The
production of iron rails in 1877 was less than in any
year since 1864, in which latter year 335,369 net tons were
produced, while in 1877 the product was 332,540 tons. The high¬
est production of iron rails in this
country was in 1872, when
905,930 net tons were made. The decline in the demand for iron
rails is mainly due to the
popularity of Bessemer steel rails ; but
it is in part due to the continued
depression in all business, which
interferes with the building of railroads.
GENERAL SUMMARY OF ROLLED IRON PRODUCTION.
The following
rolled iron since
iron:
table will show the production of all forms of
1864, divided into (1) rails and (2) all other rolled
764,709
4,065,322 4,024,704 ■4,912,180 4,726,881 4,157,814 4,828,918
29,260
3,COO
34,786
3,500
36,328
7,000
39,401
9,050-
39,382
21,490
40.439
25,031
*
Abstract from annual report presented to the members of
the American
Iron and Steel Association, July
15,1S7S, by James M.
Swank, Secretary.
Iron Rails.
Net tons.
Years,
1864..
1865
1866..
1867..
1868..
1869..
18T0..
1871..
1872.
1873..
1574..
1875..
1876..
1877..
Other Rolled
Iron.
Net tons.
536,958
50,018
595,311
579,838
598,286
642,420
705,000
71e,000
911,992
5
.
....
459,558
1,076,368
1,110,147
1,097,867
1,0:2,101
1,144,219
Total.
Net tons.
872,327
856,340
1,026,089
1,039,396
1,097,775
1,226,356
1,291,000
1,447,483
1,847,922
1,837,4:30
1,694,616
1,599,516
1,509,269
1,476,759
PRODUCTION OF IRON AND STEEL RAILS.
The production of iron and steel rails of all sizes in
1877 was much
less than in 1876. The total production in 1877 was
764,709 net tons,
against 879,629 tons in 1876, 792,512 tons in 1875, 729,413 tons in
1874, 890,077 tons in 1873,1,000,000 tons in 1872 and 775,733 tons in
1871. Of the total production in 1877, 332,540 net tons were
iron
rails, against 467,168 tons in 1876, and 432,169 net tons were Besse¬
mer steel rails,
against 412,461 tons in 1876. These figures show
a decrease in the
production of iron rails of 134,628 net tons, and
an increase in the
production of Bessemer steel rails of 19,708 net
tons.
The total production of rails in 1877 was
114,920 net tons
less than in 1876—a decline of 13
For the first time the
per cent.
production of Bessemer steel rails overtook that of iron rails in
1877. The production of street rails in late
years is included in
the aggregates of iromand steel rails, as follows
1873, 9,430 net
tons; 1874, 6,739 tons, of which 1,000 tons were Bessemer
steel;
1875,16,340 tons, of which 2,308 tons were Bessemer steel; 1876,
13,086 tons, of which 3,563 tons were Bessemer steel; 1S77, 7,015
tons, of which 1,269 tons were Bessemer steel.
Nineteen States and the Territory of
Wyoming made rails in
1877, Pennsylvania making 45£ per cent of the whole. Another
State (Colorado) will make rails in
1878, a mill having been
removed thither from Danville,
Penn., in the latter part of 1877,
and put in operation at Pueblo in March,
1878, to re-roll old rails.
The following table shows in detail the
production of iron and
steel rails in this country since the
beginning of the manufacture
"
of Bessemer steel rails:
Years.
1867....
Iron Rails
all kinds.
Net tons.
1865....
1869....
1870....
1871,...
Bessemer
Steel Rails.
Total.
Net tons.
Net tons.
2,550
462,108
7,225
506,714
9,650
24,000
1872..;.
1873....
1874....
1875....
1876....
1877....
501,649
38,250
94,070
129.015
144,944
290,863
412,461
432,169
593,586
620,000
775,733
1,000,000
890,077
729,413
792,512
879,629
764,709
PRODUCTION OF BESSEMER STEEL.
7,015
.
furnaces.
consumption of pig iron in 1877 was apparently greatly in
of the consumption in 1876.
The production was greater,
GENERAL SUMMARY OF
during the
34
CONSUMPTION OF PIG IRON.
The
half of 1878.
PRODUCTION, IN TONS OF 2,000 POUNDS.
We give in the following table a
summary statement of the
total iron and steel production of the United States
1877.
PRODUCTION OF PIG IRON.
some
No. 1 Anthra-
steel, except
Bessemer
Bessemer steel ingots.
too low to be
-
April
May.
All other
[Vox.. XXVII,
The quantity of pig iron and
spiegeleisen converted by the
Bessemer process in the United States in 1877 was
562,227 net
tons, against 539,474 tons in 1876, 395,956 tons in 1875, and
204,352 tons in 1874. Of speigeleisen alone there were used
48,229
1877, against 45,980 tons in 1876, and 33,245 tons in
1875.
The number of net tons of Bessemer steel
ingots produced
in 1877 was 560,587, against 525,996 tons
in 1876, 375,517 tons in
net tons in
August
THE
3, 1878.]
CHRONICLE.
cent, Denver Division, dated June 20, 1869, due May, 1899, May
and
November, with May, 1877, half November, 1877, May, 1878,
coupons on, and coupon certificate C, $87 50, with coupon on,
November, 1876, to May, 1878, both inclusive. First mortgage
seven per cent, land grant,
dated July 1, 1870, due July 1, 1880,
January and Julv, with half January, 1878,coupon on and coupon
certificates, Sl,000’s, $157 50; $500’s, $73 75; $250, $39 38, with
coupon on, January and July, 1878.
—The Denver extension bondholders received a cable
from Frankfort-on-the-Main this week, as follows :
"
telegram
Meeting representing $2,612,000 Denver Extension bonds
on a vigorous
prosecution of the foreclosure suit.
The difference in charges and nominal time of
California freight according to this new schedule is
delivery of
as follows;
but the real time, including delays, is
usually as much as 20 days
by rail, 40 days by Pacific Mail steamers, and 120 days by
clippers.
Line:
Charge
$12 00
-
5 CO
1 50 to 2 50
Cupper Ship
gross
Land Grant Railroad
Companies.—Mr. French, the new
Auditor of Railroad Accounts at
Washington, has begun the
examination of the financial condition of the forty-four railroad
companies which have been granted lands by the United States,
received loans from the Government. He has sent out to all
of the companies blank forms to ascertain who are the owners of
the roads and who are the stockholders. The Northern Pacific
or
GROSS RECEIPTS.
Juue.
■
Railroad traffic
...
Read. Coal & Iron Co.
Total of all
already complied with this circular.
out asking for a statement of
receipts for several years back from way passengers and through
passengers, and also receipts from freight, and a request will be
made on the roads to furnish the auditor an exact
copy, on bal¬
Another blank has been sent
$1,498,658 72
920,506 36
$6,974,430 78
sheets furnished them, of the credit and debit sides of their
books at a given time. It is anticipated that some
of the com¬
panies will contest the validity of the law of May 17, 1878, under
which these demands are made.
TONNAGE
Passengers carried..
Coal transported by
steam colliers
Unpaid interest of 1874
$66,553 7!
.
63.729 31
153 458 25
114,837 48
181,148 52
Total due on funded bonds...
Amount to be paid on bonds to be funded
Total...
$815,987 78
It is estimated by the State Auditor that there are
$653,800
bonds yet to be converted into new consols, which, at sixty cents
on the
dollar, would amount to $392,280; and that added to the
funded debt of $11,279,780 66 would make the total interest
bearing debt
of the State $11,672,060 66. These estimates are
exclusive of the planters’ consolidated association debt, $559,000,
general fund warrants, $188,720 92, and the bonds sold under
act No. 81 of
1872, amounting to $185,000. At sixty cents on the
dollar these will further
augment the debt $558,632 55, making
a grand total of
$12,230,693 21.
Maryland & Delaware.—The bondholders, who bought this
road
new
road
foreclosure sale, have made arrangements to organize a
company to be known as the Delaware & Chesapeake Rail¬
at
Company.
Newark City Loan.—On Friday, the bids for the $700,000 loan
Newark, N. J., were opened, and the entire loan was awarded
to Mr. Geo. K. Sistare, at a
premium of 6 13-100 per cent. The
loan was authorized by an act of the State
Legislature, approved
April 21, 1876, for the purpose of enabling the city to retire an
equal amount of its floating indebtedness. The act authorizes
the issue of bonds, either coupon or
registered, payable in thirty
years, and bearing interest at the rate of 6 per cent per annum.
The city realizes $42,910
over the face value of the bonds from
the accepted bid.
to two
one
parties, reached only $30,000.
week.
The sale
was
Pacific Railroad
adjourned for
12,^84 35
$1,199,518 38
898,216 22
$7,239,806 83
4,670,c44 10
$2,097,734 60 $11,910,650 93
AND PASSENGERS.
670,911*05
51,416
319,023
279 538*17
3,614.893 14
1,759,804*07
537,29J
3,692,276
48,835
315,303
By Coal & Iron Co..
By tenants
333,193*06
117,508*07
1,377,00303
546,018 19
375,710*10
108,761*02
1,764,195*11
618,514*16
Total mined
from
lands owned and
controlled
Co.
bylease¬
and from
hold estates
450,699*13
1,923,042*07
434,471*12
2,442,613*07
Railroad Foreclosures.—The
Chicago Railway Age gives a
foreclosed, and companies gone into the
hands of receivers, in the first six months of 1878, as compared
with the same time in 1877, arriving at the following total
statement of railroads
results:
COMPARATIVE STATEMENT FOR FIRST SIX MONTHS.
-No. roads.-N
Mileage.
18',8. 1877.
1878.
1877.
Foreclosures...
Receivers appoint’d.
Totals
28
14
32
16
2,184
1,528
2,586
42
48
3,712
,
Capital invested.
1878.
1877,
2,422
$229,830,700
64,156,000
$127,745,928
5,003
$293,986,700
$297,432,320
169,686,392
la
explanation of this statement, it should be said that the
figures of the Age include the nominal amount of capital stock
in
“ capital invested,” usually about one-half of
the entire
amount; and in nine cases out of ten this capital stock represents
not a dollar of original investment, as nothing was paid for it.
This cuts down the real total one half.
Then the bonds issued,
often to
contractors
at
exorbitant rates, do not represent an
outlay of over 80 per cent of their face value, and the roads, when
sold, are actually worth say 50 per cent of this real outlay on the
bonds. Hence, the above statement for 1878, presenting to the
mind of the foreign capitalist the bare fact of a wiping out
by
foreclosure of $229,830,700 of railroad capital in six months,
when sifted down amounts to an approximate loss of $45,966,140,
This is bad enough, but quite a different showing from that of
the table.
of
New Jersey West Line.—An attempt was made this week at
the Sheriff’s office in Newark to sell the New
Jersey West Line
road under foreclosure. The bidding, with competition confined
$6,379,869 90
TONS OF COAL MINED.
$579,732 27
266,255 52
Year to date.
7 Months.
<06,C70 07
396,33 S 44
57/ 28 42
2,958,691*03
1,845,625 08
3,568,305
was
Unpaid interest of 1875
Unpaid interest of 1876
Unpaid interest of 1877
Unpaid interest of 1878 (estimated)
115.329 32
43 890 96
253,552 18
5^3,975
ance
Louisiana State Finances*—The New Orleans Times gives
$1,027,313 75
3,832,198 77
$2,419,165 C8 $10,856,629 55
754.653*15
June.
381,133 CO
318,008 97
43,719 56
Tons of coal on RR.
Tons of merchandise
-1877.-
$6,231,569 25
'
42,328 40
8,713 96
Richm’d coal barges.
Total RR. Co
-1878.Year to date.
7 Mouths.
$1,267,874 35
179,741 92
Canal traffic
Steam colliers
Railroad Company has
State, bearing interest, on the first
$11,279,780 66. upon which the State
is liable to
pay an annual interest of 7 per cent, or $789,584 64.
The unpaid interest on the State debt since 1874 is as follows :
receipts, tonnage and passengers of the
Philadelphia & Reading Railroad Company for the month of June:
It is stated that these bonds, with the amount
already depos¬
ited in the United States Trust
Company, constitute nearly a
majority of the whole issue, less than $80,000 being needed to
make up the required number.
day of January, 1878,
delivery.
14 days.
30 days.
100 days.
Philadelphia & Reading.—The following comparative state¬
ment is issued of
‘•'L. Braunfels, Chairman.’*
the following:
The total lunded debt of this
Time of
per
100 lbs.
-
All Rail
Pacific Mail
re¬
solved
123
•
Railroad Land Decision.—The Tribune says, in a
Washing¬
despatch, that “the roads named as those affected by the
late decision in regard to the right to pre-empt lands
remaining
unsold at the expiration of three years from the day of completion
of railroads to which they were granted are the Union Pacific,
Central Pacific, Kan as Pacific, Denver Pacific, Sioux City &
Pacific, and the Central Branch of the Union Pacific as far as
regards the lands along the first hundred miles of the road. The
Northern Pacific is not affected by the decision because the road
is not yet completed.
The question whether the lauds of the
Burlington & Missouri River road west of Missouri are affected
by the decision is still an open one. The general opinion seems
ton
to be that it is not included with the others.
The records do not
furnish any data for computing the land available for settlement
affected by this opinion. Immense tracts of lands are doubtless
covered by it, but it is supposed that a very large proportion of
the land is unfit for farming purposes. The question also
remains open for decision as to whether the mortgage given by
various roads upon their lands will operate as a sale or disposal
of them within the meaning of the third section of the Act of
Freight Rates.—The Union Pacific Rail¬
Company iesueB a circular to the dry goods trade, informing
shippers of an increase in the rates on first class merchandise
from New York to San Francisco, from $6 to $12 a hundred.
The reason assigned for this change is that when the rates were
placed at a low figure merchants only shipped light freight by 1862, upon which the present decision is based. It is expected
rail, and sent all bulky merchandise by clippers around Cape here that the railroads will decide to contest this opinion in the
Horn—thus leaving to the railroad *companies light and
costly I courts upon individual cases of pre-emption as soon as they arise.'
freight, on which the risk was too great for the small profit.
The circular says:
Savannah City Debt.—The holders of the bonds and coupons
of Savannah, Ga.,to the amount of $1,000,000, are reported to
Notice is hereby given of the following changes in the Califonra classifica¬
tion of the Union and Central Pacific Railroads, taking effect July 29:
have agreed to the proposition to compromise the city’s indebted¬
Dry
goods, co: ton-piece goods, cotton bags and cotton bagging, blankets, canvas,
ness, and to accept new bonds in exchange for those now outstand¬
clothing, enamel cloth, duck, quilts, comfortable*, wicking, woolen goods and
ing. The Common Council of the city have passed an ordinance,
yarns, in cases, will he classified double first class; the above-named articles,
in bales, shipped at owner’s risk of chateage under a written
release, once in which they ask permission of the State Legislature to carry out
and a half first class; ribbons, silk goods, thread and shoe thread, in cases,
the terms of ‘ agreement. The offer of the bondholders, aa
double first class; in bales, not taken; chairs and other furniture of all
in the ordinance, is to the effect that the bondholders
descriptions, that have heretofore been classified lower than fourth class, will embodied
will receive in exchange for the present bonds new bonds for
hereafter take fourth class rates; pianos, organs and melodeons, and other
musical instruments, well boxed, will be classified once and a half first class
the same amounts, having thirty years to run from February 1,
;
rubber goods, shoes, clothing and goods, not otherwise specified, will be
classified third class; druggists’ rubber go*>ds, first class; rubber hose in 1879, with interest coupons at 5 per cent per annum, as reported
road
cases,
class A; rubber hose in bales, released, fourth class.
in the Chronicle of June 22.
124
THE
CHRONICLE
1875, and 191,938 tons in 1874. The number of net tons of Bes¬
steel rails produced in 1877 was 432,169,
against 412,401
tons in 1876, .290,863 tons iu 1875, and 144,944 tons iu 1874.
In
the eleven years during which the Bessemer steel
industry of
this country has had an active existence, there has been
produced
3JIxe Commercial Jgimes.
semer
a
total of 1,595,197 net tons of steel rails.
mer converters
was
in
The number of Besse-'
during the whole or a part of the year 1877
22, representing all the Bessemer steel establishments in the
use
country.
-
Full details of the Bessemer steel
1874, 1375, 1876 and 1877
follow*
are as
Ingots produced
Hails produced
:
1874.
Net tons.
1S75.
Net tons
204,-152
...191,933
144,944
395,956
375,517
290,863
Details.of Production.
Pig iron at;d spiegeleisen converted
industry in this country for
...
18,6.
187?.
Net tons. Nt. tns.
539,474
525,990
412,46-1
5i2,x27
560,587
432,169
As we have frequently explained, the Bessemer steel
produced
in this country which is not rolled into rails is used in various
forms as a substitute for wrought iron or for other binds of steel.
This use of Bessemer steel is rapidly increasing.
The production
of Bessemer steel rails in this country since
1867, when they
were first made
upon ord-rs, has been as follows:
Years.
Net tons.
1867
1868
1869
1870
1871
2,550
7,225
9,650
34,000
38,250
Years.
Net tons.
1S72
1871
1874
18< 5
91,070
129,015
Years.
Net tons.
412,461
ls76
1877
432,169
144 944
250,663
Total
1,595,197
PRODUCTION OF ALL KINDS OF STEEL FROM 1872 TO 1877.
In the following table Ave have summarized the total steel
pro¬
duction of the country during the past six years.
It is a table of
which every friend of American industry may well be
proud,
especially when it is remembered that the vast increase it records
in the- production of so useful and
necessary a product as steel
has been accompanied by a large reduction in its price
to consum¬
ers, and by a wide expansion of the opportunities of American
labor.
'
1872
1873.
1874.
1875.
1876.
1877.
Net tons. Net tons. Net tons. Nt. tons Nt tons Nt. tons
Kinds of steel.
Crucible cast s eel
29,2n0
34,7^6
3,0.0
3.509
Bessemer
7.740
Bessemer steel ingots.. 120,108
13,714
6 353
12,607
10,306
11,294
170,652
191,933
375,517
525,996
560,587
222,652
241,614
436,575
597,174
637,342
Open-hearth eteel
steel, except
All other
Total
110,108
During the
36,328
7,000
39,401
9,050
39,332
40,430
21.490
25,031
ended December 31, 1877, we imported iron
and steel products aggregating $9,!95 368 in value,
against $10-,
584,126 in 1876. $15,2t4.131 in 1875, $24,578,638 in 1874, $45,764,670 in 1873, $61,724,227 in 1872 and $47,919,926 in 1871.
The
imports in 1877 were $1,388,758 less in value than in 1876. Tin
plate is not included in these figures. In 1876 we imported 287
net tons of iron rails and no steel rails; in 187?
we imported 35
net tons of steel rails and no iron rails.
We imported more bar
iron in 1877 than in 1876 and less
pig iron. Our imports of
hardware and cutlery were greater in 1877 than in
1876, and our
imports of steel were less.
In the year ended December 31. 1877, we
exported iron and
steel products of domestic manufacture aggregating $16,659,675,
against $11,794,743 in 1876, $16,092,906 in 1875, $15,389,807 in
1874, $12,129,939 in 1873, $10,030,125 in 1872, and $11,836,137 in
The increase of about $5,000,000 of exports in 1877, as
1871.
compared with 1876, must not be too strongly regarded as signifi¬
cant of a permanent improvement in our domestic
export trade in
iron and steel produces, as an examination of the table will show
that over $2,500,000 of this increase was in the sales abroad of
fire-arms alone, a result of the Turco-Russian war.
We had a
Bimilar improvement in our iron export trade in 1871,
caused by
year
the Franco-German
Trunk Line
July 31,
says:
war.
Freights.—A New York Times Chicago dispatch,
“The general
managers
and general freight
agents of the railroads leading to the Eastern seaboard from
Western points, held a meeting here
to-day for the purpose of
regulating the Eastern-bound freight rates. The rates adopted a
day
or two ago, and which take effect to morrow, were approved.
The rates were then further advanced, making the
grain rates on
the basis of 25 cents per 100 pounds from Chicago, and fourth
and special classes on the basis of 80 cents.
This resolution
elicited a long and heated discussion. It was, however,
adopted,
and on and after August 5 the rates will be as follows:
FOURTH CLASS.
Chicago to—
Grain.
Cents.
Flour.
Cents.
[vol. xxm
COMMERCIAL EPITOME.
Friday
Night, August 2, 1878.
opening autumn season makes good progress,
without, however, any special activity of demand, or buoyancy
to values.
Prices of leading staples of agriculture and
manufac¬
tures continue low, and this fact contributes to the
confidence
with which the mercantile situation is
regarded. More rain has
fallen, but generally it was not excessive; and in many sections
it was needed, especially iu the
Atlantic States. Yellow fever
at New Orleans is proviug
a partial obstacle to trade with that
city and the Mississippi Valley.
The following is a B'atement of the stocks of
leading articles
of domestic and foreign merchandise at dates
given:
Trade for tho
Beef
Pork
Lard
tcs. and bids.
bbis.
tcs.
Tobacco, foreign
1878.
1878.
July 1.
Aug. 1.
2 9-:6
89,725
61,806
21,167
35,839
Tobacco, domestic
bales.
hhds.
Coffee, Rio
Coffee, other
Coffee, Java, &c
bags. 104,-411
bags. 38,800
Sugar
Sugar
Sugar
Melado
Molasses, foreign
Molasses, domestic.
Hides
Cotton
Rosin
Spirits turpentine
Tar
Rice, E. I
Rice, domestic
Linseed
Saltpetre
Jute
Jute butts
Manila hemD.
.
None.
hhds. 75,224
boxes. 11,225
..bags, etc. 132,800
..hhds.
689
hhds.
4,089
bbis.
2,6 0
mats.
No
bbis. and tcs.
207,009
115,369
3!‘,670
3,193
1,650
4,300
1,150
bags.
98,700
bags.
7,550
bales.
bales.
3,754
16,434
58,534
bales.
bbis.
bbis.
bbis.
bags.
bales.
1877.
Aug. 1.
2, M0
83,665
150
41 499
71,462
30,099
25,027
29,964
95,416
53,665
18,507
39,501
59,385
30,416
5,677
25,630
85,591
13,000
121,693
2),929
269,462
174,^21
2,097
5,5l0
1,200
171.2)0
68,0 0
40,365
4,366
1,052
3,500
1,040
66,'05
6,750
4,587
24,115
61,476
.
2,317
12,413
5,000
.214,100
95,681
39,667
4,023
536
5,300
800
126,275
12,500
4,259
15,950
31,119
Pork has remained firm, with a slight upward tendency to
futures, October selling to-day at $10 65, with $10 45 bid for
September. -But the most decided advance has been in lard,
which was in demand to-day at $7 65@7 75 for
prime to choice
Western, with large sales at $7 65@7 674 for September, $7 6?4@
October, and $7 574@7 GO lor December. Bacon is held
higher at 64c. for Western long clear. Out meats are also higher,
closing with sales of pickled rib bellies, heavy aud medium
weights, at 6g6fc. Tallow rules a shade firmer. Butter has
further advanced, and cheese is steadier at the late decline.
The market has been active for Kentucky tobacco, but
prices
are uo higher.
The sales of the week are 2,000 hhds., of which
1,900 for export. Lugs are quoted at 2|@4^c., and leaf 5|@l4c.
Seed leaf reflects a fair movement in new crop, but old stock is
neglected. Sales for the week are 1,555 cases, as follows : 200
casea, 1877 crop, Pennsylvania, 11 to 15c.; 25 do., 1876 crop, Pa.,
private terms ; 150 do., 1876 crop, New England, 11 to 30c.; 30
do., 1877 crop, N. E., private terms; 730 do., 1877 crop, Ohio,
7£ to 94c. and private terms ; 420 do., 1877 crop, Wisconsin, 7£c.
and private terms.
Spauish tob cco has ruled quiet, and the
sales are only 250 bales Havana, at 85c.@$l 10, and 14 bales Yara
on private terms.
There have been fair sales of Rio grades of coffee, at a slight
improvement in prices. Fair to prime cargoes quoted at lG(2)17c.
gold, and jobbing lots as high as 18c. gold. The stock here in
first hands was 53,797 bags.
In mild grades little of importance
has been effected, but holders retain late views. ..Rice has sold
steadily and fairly at full firm prices. Molasses has declined,
with late liberal sales at Philadelphia, but nothing of
importance
7 75 for
reported here—Cuba 50-test refining quoted at 32@33c. * Refined
sugars have latterly been rather quiet, but still about steady at
9|c. for standard crushed ; raw grades have been fairly active
and firm ; fair to good r< fining Cuba quoted at 7
3-16@7fc.
Ocean freight room, both of berth and charter
description, has
been actively inquired for; rates have advanced and much firm¬
ness prevails, with
tonnage in reduced supply. Late business
includes: Grain vessels in put to Cork for orders,
6s.; also 6s.
3d.
for vessels
to arrive; do. to direct French
ports, 6s.; refined
to London and Bremen, 4s. l|d. per bbi.; do. to Trieste,
5s. 74d.; do. to the Baltic, 5s. 2d.@5s. 4£d.; do. to
Hamburg. Bre¬
petroleum
Antwerp, 4s. 2d.@4s.3d.@4 4£d. To-day, business was
light;
all rates remained steady, for charter room especi¬
Washington
22
Philadelphia
ally.
Grain to London, by steam, 6£d.; do. to Glasgow, by
23
New York
25
steam, 6£d.; do. to Cork, for orders, 6s.; and 5s. 3d.@5s. 10£d. for
Boston
30
re-let vessels; do. to Rotterdam, 6s. 14L; refined
petroleum to
All articles that have been taken at
grain rates will be Bremen or Antwerp, 43. 3d.; do. to the Baltic, 5s. 2d.@5s. 4£d.
included hereafter in the fourth class. This makes a further
The rosin market has shown a moderate degree
of activity and
advance in grain of 5 cents per 100
prices
have remained about steady ; common to good strained
pounds, and 10 cents in meats,
&c., that have heretofore taken grain rates. Charge of 2 cents quoted at $1 40(3)1' 45. Spirits turpentine has sold more freely,
per 100 pounds will be made on all property for which cars are though St irregular and lower prices; the close, however, was
sent to packing and
slaughter houses in Chicago.
When a about steady, at 27f@28c., though sales at 274c. were made early
refrigerator car is furnished for cured meats an extra charge of in the day. Petroleum has been quite active, until near the
10 cents per 100 pounds will be made.
The Vanderbilt men close, when the scarcity of charter room, on the spot, restricted
opposed regulating the live-stock business, and doing away with the movement crude, iu bulk, quoted at 64c., and refined, in
eveners.
It was referred to a
meeting to be held in Long bbis., at 104e. The business in American pig iron is still very
Branch on the 7th of August/’
backward ; stocks are increasing, and more or less
pressure to
tell is noticeable; 1,500 tons No, 1 and
Poughkeepsie
sold at a
Utica & Black River.—Ogdensburg, N. Y., Aug. 1.—The
very low cash price.
Ingot copper continues quiet and un¬
Utica and Black River Railroad
Company have just completed changed, at 16@164c. for Lake. Whiskey is lower at $1 05@
their road between Morristown, N. Y., and
Ogdensburg. The 1 054. Domestic seed of the new crop opened at about 74(a-8c. per
first train over the road from Uuca to
Ogdensburg arrived this lb. for clover, $1 30@1 35 per bushel for timothy, and $1 35@1 40
-»con.
New York
27
27
28
30
33
Cents.
22
44
44
46
50
60
men or
rather
“
for flax.
.
August
THE CHRONICLE
3r 1878.]
125
These maiPreturns do not
COTTON.
correspond precisely with the total
telegraphic figures, because in preparing them it is always
Friday, P. M., August 2, 1878.
necessary to incorporate every correction made at the ports.
The Movement of the Crop, as indicated by our telegrams
Our cotton market has continued active, and prices were
buoy¬
from the South to-night, is given below.
For the week ending ant
throughout most of the past week. There was an active
this evening (Aug 2), the total receipts have reached 3,671
bales, against 4,086 bales last week, 3,782 bales the previous demand for home consumption, supplemented by moderate
week, and 5,287 bales three weeks since, making the tota! transactions for export and speculation. The stocks in the
receipts since the 1st of September, 1877, 4,260,090 bales, against United States having been
mostly concentrated at this point,
3,958,828 bales for the same period of 1876-7, showing an increase
parties
in
need
of
supplies had no alternative but to meet the
since Sept. 1, 1877, of 301,262 bales.
The details of the receipts
There was an advance of l-16c. on Wed¬
for this week (as per telegraph) and for the corresponding weeks views of our holders.
of five previous years are as follows:
nesday, to life. for middling uplands. Yesterday, there was a
further advance of l-16c., with a large business,
chiefly in
1878.
1876.
1875.
Receipts this w’k at
1874.
1877:.,
medium grades for home consumption.
To-day, the demand for
New Orleans
859
500
372
1,307
1,244
the
consumption
continued
active
;
low
were marked up
grades
Mobile
123
294
289
76
123
£c.; “ strict good ordinary ” and “ middling” were l-16c. higher ;
Charleston
262
32G
381
429
335
Port Royal, &c
stained fc. higher, except the best grade, which was |c.
233
89
530
higher.
Savannah
562
387
78
345
1,011
The speculation in futures .has been increasing in activity, and
Galveston
184
251
238
200
169
prices have advanced, especially for the summer and autumn
27
35
Indianola, &c
months.
Liverpool was disappointing early in the week, as its
240
551
652
681
Tennessee, &c
1,603
sales on the spot did not comprise a due proportion of American,
Florida
2
Nortn Carolina
106
156
76
3S
23
and futures were flat there; but on Wednesday the accounts from
Norfolk
230
592
693
195
1,097 that market were more
satisfactory. Monday was slightly de¬
12
9
371
3
5
City Point, &c
pressed, but in the course of Tuesday and Wednesday much
Total this week
2,691
3,671
2,083
5,153
4,979
buoyancy prevailed, with increased activity.
Rains were re¬
Total since Sept. 1. 4,200,090 3,958,828 4,086,723 3,475,737 3,797,910
ported by the Cotton Exchange from various points at the South,
but nothing of a continuous character, except from Nashville.
The exports for the week ending this evening reach a total of
6,049 bales, of which 6,049 were to Great Britain, none to Yesterday, in sympathy with Liverpool, which was reported
France, and none to rest of the Continent, while the stocks as lower for futures, our market lost the advance of Wednesday,
made up this evening are now 82,978 bales. - Below are the and the close was
2@4 points lower for the next crop, but more
stocks and exports for the week, and also for the corresponding
steady when the business in spots was announced. To-day, there
week of last season:
was an advance of 3@5 points, with a large business for the
of the
....
....
....
.
.
.
.
....
....
....
....
...
...
EXPORTED TO—
Week
ending
Aug. 2.
Great
Britain.
N. Orl’ns
Charl’t’n
Savan’h.
nent.
Same
this
Week
Week.
1877.
....
....
....
....
....
....
....
....
....
N. York.
5,695
Norfolk-
....
....
354
..
5,695
....
....
....
8,823
3,021
1877.
6,358
1,107
•
-
.
.
•
3,559
3,044
1,689
5,042
93,579
2,757
25,000
494
745
1,637
8,671
61,332
629
....
354
28,750
313
....
150
....
....
autumn months.
336
12,000
Tot. this
week..
6,049
6,049
....
22,633
82,978 163,420
Tot.since
Sept. 1. 2137,708 497,525 679,164 3314,397 3021,620
The exports this week under the head of “otner p >-ts” include, from Balti¬
more, 175 bales Sea Island to Liverpool; from Boston, 134 hales to Liverpool; from
San Francisco, 45 bales to Liverpool.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
On
Aug. 2, at—
Liver¬
pool.
Shipboard, not cleared—for
France.
Coast¬
wise.
Other
Foreign
‘
Leaving
Total.
Stock.
New Orleans
2,000
None.
None.
None.
2,000
4,500
Mobile
None.
None.
None.
None.
None.
1,107
Savannah
None.
None.
None.
200
200
294
Galveston
None.
None.
None.
None.
None.
745
New York
1,486
None.
None.
None.
*3,696
57,646
Total
3,436
None.
200
None.
5,886
64,292
*
Included in tins amount there are 2,200 bales at Presses for foreign
ports, the destination of which we cannot learn.
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is a decrease
in the exports this week of 16,589 bales, while the stocks to-night
80,442 bales less than they were at this time a year ago.
The
following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to July 26, the latest mail dates:
are
RECEIPTS SINCE
SEPT.
Ports.
1877.
N.Orlns
1.
1876.
Other..
1369,206 1179,061
412,673 357,266
458,759 470,006
597,635 476,244
446,415 501,220
143,641 121,169
20,379
14,299
143,384 129,080
507,9S5 551,745
162,422 149,961
This yr.
4256,419
Mobile.
Cliar’n*
Sav’h..
Galv.*.
N. York
Florida
N. Car.
Norf’k*
Lastyr.
*
EXPOR TED SINCE SEPT. 1 TO—
Great
Britain.
|
„
Other
France. .F0rejnrU
Stock.
819,143 325,406 304,700 1449,249
106,381 26,146 .31,566 164,093
131,935 70,355 103,584 305,874
176,247 36,351 138,748 351,346
186,172 26,971 11,291 224,434
324,762
9,441 47,308 381,511
—
.
Saturday, July 27,
to Friday, Aug. 2.
Ordinary
UPLANDS.
9*4
$ ft>.
156,687
195,325
1,780
1,075
«•••«•
19,890
2,929
19,148
56,677
160,691
214,473
..
452,739';428,684
ALABAMA. N. ORLE’NS
Mon
Sat.
934
10%
934
10%
10%
10%
10%
11 Us
H116 11V
1138
113s
Sat.
TEXAS.
Mon Sat.
Mon.
9%
9%
9%
978
10%
10%
10%
10 34
10%
10*4
10%
1034
H31g iiV 11316 11V
1138
11%
11%
11%
11%
H916 11*16 H*16 H1116 mile mile mV
UlllG 111116 H1116 llHl6 111316 mV 1113i6 inv
Good Middling.... 12
Strict Good Mid... 12 V
12
12
Middling Fair
Fair..,
TuesjWed
Ordinary
$ fl). 934
Ordinary.. 10%
Good Ordinary.... 10%
Strict
Strict Good Ord... 11V
Low Middling
1138
Strict Low Mid.... 11*16
12%
12%
12%
12%
.
Strict Good Mid...
Middling Fair
Fair
11%
111,6
11V
113s
913ie 978
103i6 10%
101%6 1034
11%
11316
11V 11%
11%
IUI16
1134
1113.6
121,6 12%
1238
12716
12%
1215.6
13%
1311.6
11*16
1111,6
12
12%6 12
125,6 123s 125i6
1213,0 12%
1213,6
13*16 13% 13*16
Th.
$ lb.
Taes Wed Tues Wed Taes Wed
913,6 9%
103ie 10%
ioi%6 10%
11%
1H%6 11%
Middling
Good Middling..
Ordinary
12
125i6 12V 12V 12 V 12%6 127j6 12716
121316 121316 1213i6 12l3lfi L21%6 121516 12i%6 121%6
13316 13V, 13V 13*16 13Hi6 1311,6 1311,6 1311,6
Frl.
10
978
Strict Ordinary... 10%
Good Ordinary.... 10 34
Strict Good Ord... 11V
Low Middling
11%
Th.
Frl.
978
103s
10%
10*4
1078
11%
11%
Th.
Middling Fair
Fair
9%
10%
1013,6 10*4
11%
113.6
11*16 11%
11%
1111.6
11%
915,6
105.6
1013.6
11%
11V
11%
1113.6 11%
123i6 12% 123.6
127.6 12%
13
1215.6 13
13*4
1311.6 13%
12%
Frl.
Til.
Frf.
10
10
10%
10
10*8
10%
10*8
10%
10%
1078
11
10%
11
1078
11316 11%
115.6 11*8
11%
11%
11%
11%
11%
111316 H13i6 1113.6 11316
11%
111%6 111%6 1111,6 1111,6
Middling
mv 11% H% 11%
Good Middling.... 12%
12%
12%
12%
Strict Good Mid.
1—7,6 12716 127.6 127,6
.
913i6
10°i6
10*8
Strict Low Mid....
11-3,6 113s
llh>,6
12
mV
12%
12%
12%
12%
12*16 12*16 12*16 12*16
12.i%6. 1215i6 121%6 1215i6 13116 13V 131.6 131.6
1 131%6 13U101 1311.6 lSllie 1313.6 131316 1313.6 1313.6
STAINED.
Sat.
Good Ordinary
Strict Good Ordinary
Low Middling
$ lb.
9%
10%
10%
113,6
Mon Taes Wed
Til.
9%
9%
911,6 9*4
10%, 10%
103,6 10%
10%
10%
101%6 1034
H316 113,6 11%
115,6
Frl.
10
10%
11
iiV
MARKET AND SALES.
9,283
649
SALES OF SPOT AND TRANSIT.
298
SPOT MARKET
503
Ex- 1 Con-
CLOSED.
80,356
Sat.. Firm
Mon
Quiet.
Tues. Steady
Wed
Steady,
Tlmrs Steady,
Fri.
Steady,
150
.
1,500
11,500
299S,782 193,050
.
j
:
8891 1,350
...J 1,495
...J 2,595
higher..
higher..
higher..
Total
450; 1,870
....*
2,516
....} 4,348
1,339 14,174
For forward
Spec- Tran¬
port, sump. ul’t’n
1,601
2131,659^497,525 679,164|3303,348 105,840
3956,137 2117,559
9»4
10%
Strict Ordinary ... 1018
Good Ordinary.
10%
Strict Good Ord... HUG
Low Middling:
11%
Strict Low Mid.... U*16
.
35,007
Mon
Sat.
Middling
Total.
Unaer the head of Charleston is included Fort Royal, &c.: under the head of
Galveston is included Indianola, &c.; under the head of Norfolk is included City
Point, &c.
delivery for the week are 233,600
free on board. For immediate delivery the
total sales foot up this week 16,433 bales, including 1,339 for
export, 14,174 for consumption and 920 for speculation.
Of
the above, 375 bales were to arrive.
The following tables show
the official quotations and sales for each day of the past week:
Middling
*
-
The total sales for forward
bales, including
....
....
1878.
■
....
....
....
STOCK.
Total
.
Galv't’n-
Other*
France,
....
Mobile..
Conti¬
sit.
31
920
....
Sales.
Deliv¬
eries.
37,500
28.300
34,200
53,900
34.300
45,400
200
400
600
600
400
16,433 233,600
3,000
2,270
1,495
’
75
200
250
364
Total.
FUTURES,
2,670
2,520
2,766
4,712
800
delivery, the sales have reached during the week
233,600 bales (all middling or on the basis of middling), and
following is
a statement
of the Bales and prices;
the.
126
1
.
5
0
.
00004883..416
00345.20 /.4312
For July.
Bale?.
Cta
800
1172
200
900
11*73
11-74
11-75
1,500
"iisoo
For
1,600
2,200
100
1,600
5,800
1,500
800
800
1,000
200
200
100
100
800
1,900
8,000
3,000
500.
August.
11-71
11-72
11-73
B.n.lSt. 11-74
11-74
.....11-75
11-7(5
11-77
11-78
11-79
11-80
11-81
11-82
11-83
11-84
11-85
11-86
11-87
11-88
11-89
36,900
For
2,000
9,100
3,000
2,300
8,000
4,100....
The
Bales.
100....
Cta.
900....
11-48
11-49
2,500....
3,500....
800....
1,700....
7,800
7,000....
11-51
11-52
11-53
14,200....
11-55
11-56
...
2,200....
6,000....
7,200.
11-40
11-41
-..11-42
11-43
11-44
11-45
11-46
Bales.
1.000.
2.2'’0.
Ct«.
.1113
.1114
11-15
.11-!6
5,000.
500.
For
Bales.
1,100
500
100
100
For December.
100.
....1107
11-24
11-25
11-26
11-27
...11-28
2,500
6,000
...
1,500
200
600
700
300
100
11*18
11-19
16,300
For
400
300
100
500
52,400
For November.
800
11-10
100
11-11
2,200
11 12
January.
11-13
11-14
11-19
1,000
11-20
3,200
Memphis, Tenn..
N ash ville, Tenn..
640
27
11-36
11-39
11-40
11-41
11-42
11-43
Total, old ports.
948
1,212
I
made
11-51
11-52
800
during the week:
-30 pd. to exch. 500 Sept, lor
Aug.
i
The
following will show the closing prices bid for
delivery, and the tone of the market at three o’clock P.
the several dates named:
future
M.,
on
MIDDLING UPLANDS—AMERICAN
CLASSIFICATION.
Fri.
Sat.
Market— Firmer. Firmer.
July
11*74
11-75
August
11-73
11-74
September
11-41
11-44
October
11-25
11-23
November
1109
1113
December
11-07
11-11
January
11-11
11-15
February
11-17
11-19
March
11-25
11-26
April
11-31
11-35
May
11-40
11-44'
Transfer orders 11-75
11-75
Closed—
Steady. Dull.
Gold
100^
100*2
'
Exchange
4-89i2
4-80*2
The Visible Supply
of
Mon.
Easier.
Tues.
Wed.
Thurs.
Fri.
11-72
11-77
11-79
11-49
11-33
11-18
11-11
11-07
11-32
11-14
11-17
11-22
11-30
11-40
11-40
11-75
11-48
11-80
11-11
11-16
11-24
Quiet. Strong.
100*2
100*2
4-80*2
4-80*2
Cotton,
11-85
11-55
11-37
11-22
11-18
11-20
11-26
11-33
11-41
11-49
11-90
11-84
11-52
11-34
11-19
1116
11-17
11-23
11-30
11-38
11-45
11-85
11-87
11-58
11-37
11-22
11-18
11-19
11-24
11-31
11-41
11-49
11-90
Steady. Easy. Steady.
100*2
4-80*2
100*2
4-80*2
100*2
4-80*2
1878.
017,000
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock
Stock
Stock
Stock
Stock
Stock
.
at Hamburg
at Bremen
at Amsterdam
at Rotterdam
at Antwerp
at other conti’ntal ports.
Total continental ports....
Total European stocks....
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
Egypt, Brazil,&c.,aflt for E’r’pe
Stock in United States ports
Stock in U. 8. interior ports..
United States exports to-day..
..
.
1877.
15,250
937,000
36,500
632,250
168,250
5,000
32,000
7,000
39,500
47,500
9,000
6,500
973,500
217,250
6,500
64,000
16,500
73,250
45,000
10,750
7,750
19,000
333,750
1876.
917,000
959,000
8,000
80,000
12,000
43,000
41,750
10,000
4,000
82,500
11,500
59.000
62,750
15,250
17,250
13,500
23,000
454,500
437,000
100
15,000
398,250
1,500
1,000
2,018,923 2,148,335 2,221,642
and other
descriptions
are
as
American—
Liverpool stock
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
bales.
East Indian, Brazil, &c.—
Liverpool stock...
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
493,000
287,000
55,000
82,978
5,642
100
613,000
375,000
89,000
163,420
12,503
514,000
331,000
103,000
181,116
23,469
1,500
553,000
194,000
62,250
135,903
8,739
1,000
923,720 1,252,923 1,154,085
954,892
124,000
403,000
45,250
406,000
106,000
415,000
204,250
531,000
31,000
15,250
46,750
232,000
7,000
324,000
36.500
79.500
305,000
21,000
656
538
779
200
1,255
7,2561,047
71
5,642
964
2,477
5
11
123
40
43
107
116
1,108
44
92&
1,755
12,503
128
7
254
478:
30
125
65
32
32
47
79
17
17
257
228
340
2,797
5,280-
1,436
17
579
1,015
1,590
3,021
Total, new p’rts
1,842
3,100
5,363
552
2,379
9,969-
Total, all
2,790
4,312
11,005
1,516
4,856
22,472
The above totals show that the
old interior stocks have
decreased during the week 264
bales, and are to-night 6,861
bales less than at the same
period last year. The receipts at thesame towns have been 16 bales
less than the same week last
year.
Receipts from the
a
the
Plantations.—Referring
previous issue for an explanation of this table,
figures down one week later, closing to-night:
to
our remarks
we now bring^
RECEIPTS PROM PLANTATIONS.
Receipts at the Ports.
Week
ending—
May
%(
1876.
26,441
17,309
16,288
12,147
17.
19,995
16,330
<4
31.
<<
12.
13,810
10,456
8,444
10,493
8,559
8,661
6,005
14
19.
5.042
June 7.
14
44
21.
44
23.
44
31,196 115,076 107,534 75,550
24,252 106,301 97,696 "65,770
20,797 99,966 86,376 56,433
19,732 92,916 79,009 46,305
18,220 87,711 67,786 39,025
12,380 82,569 57,503 34,154
11,23! 76.054 52,154 29,315
10,721 67,712 45,769 23,287
6,879 61,078 35,811 21,240
5,949 57,865 32,077 19,675
5,237; 53,736 23,997 18,033
3,782 49,552 27,979 15,494
4,086 47,151 25,361 12,527
3,671 42,372 22,472 11,005
16,560
10.
24.
July
1878.
26,002
ii
<4
1877.
3.
(4
5.
26.
5,589
Aug. 2„
5,153
Total.
*
Stock at Inter’r Ports
9,669
9,390
8,526
8,526
6,519
6,102
4,404
8,676
3,299
2,691
170.980 125,106
1876.
1877.
1878.
178,18 b
Rec’pts from Plant'ns
1876.
20,252
17,666
13,650
9,280
8,605
5,314
1,929
2,151
1,925
5,448
1877.
1878.
7,020
7,471
4.968
4,780
•
•
.
3,171
2,141
.
•
v
.
2,368
1,876
1,324
89S
2,658
3,153
374
681
...
92,526 36,582
17,604
14,47210,760
9.604-
10,940
7,509’
6,392
4,6934,832
4,384
3,6451,243-
1,119
2,149
99,346
This statement shows us that
the past week were 8,671
although the receipts at the ports
bales,
the actual from plantations
45,250
94,500 were only 2,149 bales, the balance
being drawn from stocks at
Last year the receipts from the plantations
962,250 1,053,500 the interior ports.
for the same week were
159,250
bales, and for 1876 they were 374
184,500
bales.
6,500
1875.
966,000 1,428,000 1,399,250 1,451,750
232,000
305,000
415,000
531,000
55,000
89,000
103,000
62,250
7,000
21,000
25,000
31,000
82,978
163,420
181,116
135,903
5,642
12,503
23,469
8,739
follows:
481
183
....
821
142
82
46
60
35
30
45
40
345
12
25
185
as
including in it the exports of
Stock at Liverpool
Stock at London
St.
....
ending Aug. 3, ’77..
457
1,922
944
4
69
following-
Receipts Shipm’ts Stock.
457
876
397
25
....
Charlotte, N. C...
Louis, Mo
Cincinnati, O
238
28
Week
820
430
12
3
22
78
165
....
Rome, Ga
Stock.
15
30
80
57
60
86
93
455
147
211
125
..
in
made up by cable and
telegraph, is as follows. The Continental stocks are
the
of last
Saturday, but the totals for Great Britain and thefigures
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 2), we add the item of
exports from the United States,
Friday only:
..
Higher. Firmer. Easier. Firmer.
11-72
11-40
11-24
64
9
11
49
Dallas, Texas....
Jefferson, Tex.
Shreveport, La
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
1,300
following exchanges have been
148
11 32
11-33
11-35
For May.
100
11-40
200
11-41
800
11-45
200
11-49
100
11-50
500
Augusta, Ga
Columbus, Ga....
Macon, Ga
Selma, Ala
5,500
2,800
2,500
8,000
Receipts Shipm’ts
Montgomery, Ala
500
500
600
100
500
800
set out in detail in the
ending Aug, 2, ’78.
344
115
22
30
154
512
35
For April.
700...
1,500
200
11-40
•13 pd. to exch. 200 Ncv. for Oct.
•60 pd. to exch. 200 Nov. for
Aug.
....
900
11-36
11-37
.11-38
11-39
5,700..
200
11-11
1112
1113
11-14
....
1,000
11-32
1133
11-34
11-35
200
11-09
2,200
.11-29
11-30
11 31
800
700
11-26
11-32
11-33
1,700
20,800
For October.
statement:
Week
1,700.
86,200
[Vol. XXVII.
corresponding week of 1877—is
For March.
11-25
1,000
4.000.
1159
400..
« t".
11-26
11-27
500
700.
500.
300.
5.400
100....
February.
400
ICO
1,300.
.
7,200
September.
3.700
THE CHRONICLE.
94,500
Weather Reports by Telegraph.—Our
for this period of the season, unusually
are,
lower counties of Texas
more
rain than
reports to-night
satisfactory.
In the
desirable lias fallen
the week, but the caterpillars do not seem to
multiply,
during
and picking is
progressing finely.
There are also reports of
caterpillars at several other points, but no special
damage is
believed to have resulted anywhere.
Dry weather is the more
prevailing trouble, and shedding and rust are complained of at
various points.
As a whole, however, the situation seems to be
very promising.
Our correspondents record the receipts of first
bales to-day at Macon and
Montgomery
Galveston, Texas.—We have had showers on three
days this
week, the rainfall reaching one inch and fourteen hundredths.
The position is
unchanged. We are having too much rain, but
caterpillars do not seem to spread, and no serious
damage has
been done. Picking is
progressing finely in the Southern half of
the State.
The thermometer has
ranged from 77 to 94, averaging
86. The rainfall for the month of
July has been eight inches
and four
.
hundredths.
Indianola, Texas.—It
has rained (sprinkles) on three
days of
the week, the rainfall
reaching forty hundredths of an inch. No
serious damage has been done.
Planters are
poisoning. Picking
is making fine
progress.
Average thermometer 85, highest 94
and lowest 76.
We have had a total rainfall
during July of two
inches and ninety-two hundredths.
Corsicana, Texas.—It has rained hard on two days, with a rain¬
fall of two inches and
sixty-five hundredths. No serious damage
has been done, as the
plant was
beginning to need a good shower.
is developing promisingly.
Average thermometer
425,000
766,000
994,250 1,266,750 during the week 85, highest 101 and lowest 72.
The rainfall for
923,720 1,252,923 1,154,085
954,892 the past month is three inches and
ninety-six
hundredths.
Total visible supply
..1,348,720 2,018,923 2,148,335
Dallas, Texas.—We have had hard rain on two days this
2,221,642
week,
Price Mid. Upl., Liverpool....
but no serious
6^1.
6*8(1.
damage done, as some sections were needing rain.
6ii6d.
7i4d.
These figures indicate a decrease in the
Crop accounts are more favorable. There is some complaint of
cotton in sight
to-night
of 670,203 bales as
compared with the same date of 1877, a the boll-worm, but think it amounts to little. Average thermom¬
eter 85, highest 101 and lowest 73.
decrease of .799,615 bales as compared
The rainfall for the week is
with the
corresponding date two inches and sixty
of 1876, and a decrease of
872,922 bales as compared with 1875.
hundredths, and for the month three inches
and ninety-six hundredths.
At the Interior Ports the
j
movement—that is the
receipts
Brenham,
Texas.—There have been light showers here on two
und shipments for the
week, and stocks to-night, and for the
days of the week, the rainfall reaching forty hundredths of an
25,000
Total East India, &c...;
Total American
.
i
The crop
August 3, 1878.
THE CHRONICLE
|
127
inch.
The rain has not caused any considerable
damage. Pick¬ Aug. 1, 1878.
We give last year’s
figures (Aug. 2, 1877) for
ing has begun. The crop is developing promisingly. Average comparison:
thermometer 87, highest 96 and lowest 84.
The rainfall for the
Aug. 1, ’78. Aug. 2, ’77.
month of July is six inches and ten hundredths.
Feet. Inch.
New Orleans, Louisiana.—It has rained here on two
.Below high-water mark
8
10
*7
11
days this
.Above low-Water mark... 12
9
13
week, the rainfall reaching one inch and thirty-five hundredths.
8
Above low-water mark...
3
6
3
3
The thermometer has averaged 82.
The rainfall for the month
Above low-water mark... 18
3
10
11
of July is seven inches and forty-nine hundredths.
Above low water mark... 21
4
25
1
August 3.
Shreveport, Louisiana.—Prospects are good. Worms are re¬
New Orleans reported below
high-water mark of 1871 until
ported in limited numbers on several plantations. Cotton open¬
Sept.
ing. Average thermometer 86, highest 96 and lowest 77. The mark 9, 1874, when the zero of gauge was changed to high-water
of April
and
rainfall for the week is
seventy-four hundredths of an inch, and 1871, or 10 feet15above 16, 1874, which is 6-10ths Of a foot above
low-water mark at that point.
for the month of July six inches and eleven
hundredths.
Comparative Port Receipts and Daily Crop
Vicksburg, Mississippi.—The thermometer has averaged 84 this
Movement.—
week, the highest po nt having been 99 and the lowest 72. It has A comparison of the port movement by weeks is not accurate,
as the
in different years do not end on the same
rained on two days, the rainfall
reaching two inches and thirty- month.weeks
day of the
We have consequently added to our other
nine hundredths.
standing
Columbus, Mississippi.—The thermometer has averaged 86 dur¬ tables a daily and monthly statement, that the reader may con¬
ing the week, the extremes having been 80 and 96. There has been stantly have before him the data for seeing the exact relative
no rainfall.
Crops are beginning to suffer from the want of movement for the years named. First we give the receipts at
each port each day of the week
rain.
ending to-night.
Little Rock, Arkansas.—We have had rain on
PORT RECEIPTS FROM
SATURDAY, JULY 27, ’78, TO FRIDAY, AUG. 2, ’78
Saturday and
Monday of this week, which was very opportune and refreshing. D’ys New
Wil¬
The remainder of the week has been clear and warm.
Mo¬
Char¬ Savan¬ Galof
Nor¬
Or¬
All
Crop
Total.
ming¬
bile.
leston.
nah.
vest’n.
we’k
folk.
leans.
prospects are now very flattering. rJ he thermometer has aver¬
others.
ton.
aged 82, the highest being 95 and the lowest 71. The rainfall for Sat..
35
69
17
216
73
18
the week is one inch and fifteen hundredths.
8
11
447
Mon
2G6
30
12
12
31
30
121
502
Oakley, Ark. Co., Ark.—Rains have stopped and weather has Tues
236
63
44
83
37
35
been intensely hot and
11
129
638
sultry. Cotton in river bottoms grown too Wed
151
7
88
51
93
1
fast, joints long, weed overgrown with much loss of bottom
89
480
Thur
21
2
41
10
6
On the uplands
34
bolls.
1
24
139
crops are fine, having had just enough
150
212
118
153
rain to do them.
40
70
Our crop will cost less than half of the cost last Frl..
722
1,465
year.
Two places which I know cost near $7,000 to run last year Tot’l
859
289
326
562
238
280
21
1,096
3,671
will be run this year for less than
$2,000;—Qne reason is, negroes
The movement each month since Sept. 1 has been as follows:
working better and no extra help hired. Our planters will be in
..
*
....
....
....
better condition than for years.
Nashville, Tennessee.—it has rained
on
four
rainfall
days this week, the
reaching" three inches and thirteen hundredths. The
thermometer has ranged from 74 to 91,
averaging 82. We have
"had a rainfall during the month of seven and
fo»ty-two hun•dredtlis
inches.
Memphis, Tennessee.—We have
had
a
local rain
this week, with a rainfall of ten hundredths of
balance of the week has been pleasant.
The
on
one
day
inch, but the
crop is developing
Average thermometer
an
Year
Monthly
Receipts.
Sept’mb’r
October..
Novemb’r
Decemb’r
January
February.
.
1877.
98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142
1876.
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
Beginning September 1.
1875.
169,077
610,316
1874.
1873.
740,116
134,376
536,968
676,295
821,177
637,067
759,036
444,052
479,801
383,324
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,98(
127,346
59,501
31,856
1872.
184,744
444,003
530,153
524,975
569,430
462,552
309,307
218,879
March...
promisingly, and picking has commenced.
300,128
251,433
85, highest 96 and lowest 75.
April..
163,593
133,598
Mobile, Alabama.—It has been showery three days this week, May
68,939
92,600
81,780
173,693
the rainfall reaching
forty-nine hundredths of an inch, but the June
36,030
42,234
56,010
72,602
balance of the week has been
20,240
pleasant. Crop accounts are less July
17,631
29,422
17,064
83,515
favorable; we hear complaints of shedding. The heat and
drought of July have caused much damage. Some sections re¬ Tot. Jy.31 4,258,486 3,957,386 4,085,531 3,473,936 3,768,597 3,573,853
port rust and boll-worms. The bottom crop will be poor. Average Perc’tage of tot. port
98*00
receipts July 31..
97-48
thermometer 85, highest'1 97 and lowest 77.
99-34
99-06
97-88
We have had a
rainfall during July of two inches and
This
statement
shows
that
eighty-eight hundredths.
up to Aug. 1 the receipts at the
Montgomery, Alabama.—The earlier part of the week the ports this year were 301,100 bales more than in 1876 and 172,955
weather was clear and pleasant, but it has rained on
four days bales more than at the same time in 1875.
By adding to the
the latter portion, the rainfall
aggregating two inches and eighty- above totals to Aug. 1 the daily receipts since that tims, we shall
nine hundredths, and it is
cloudy to-day. The thermometer has be able to reach an exact comparison of the movement for the
averaged 84, the highest being 95 and the lowest 75. Cater¬ different years.
pillars have certainly appeared, and although the injury done is
•as yet limited, mucli
1877-78. 1876-77. 1875-76. 1874-75. 1873-74. 1872-73.
damage is feared. rl he rainfall during the
..
past mouth has reached
a
total of four inches and
dredths.
The first new bale received
W. C. Ray, Jr.,
Montgomery
Faber at 10£c.
County.
fifty-nine hun¬
to-day (Friday), raised by
Sold at auction to Henry
Selma, Alabama.—The weather, excepting two local showers,
warm and
dry all the week, and rain is needed. The
thermometer has averaged 86.
€
Madison, Florida.—It has rained on six days this week, the
rainfall reaching ninety hundredths of an inch.
Average ther¬
mometer 86, highest 9J
and lowest 82. The frequent showers
"cause cotton to scald.
Some complaints of
shedding.
Macon, Georgia.—We have had rain on one day of the week,
and two light showers.
The thermometer has averaged 84, the
highest being 93 and the lowest 77. Crop accounts are less favor¬
able. There is considerable
complaint of rust. First bale new
crop received to-day (Friday) and classed low
middling,
i
Columbus, Georgia.—We have had delightful showers on four
days this week, the rainfall reaching two inches and fifty-one
hundredths, and the indications are that they extended over a
wide surface.
The thermometer has
averaged 85. The rainfall
for the month of July is four inches and one
hundredth.
Savannah, Georgia.—Rain has fallen on two days during the
week, the rainfall reaching one inch and eighteen hundredths ;
but the rest of the week has been
pleasant and warm. The
thermometer has averaged 86,
ranging from 79 to 97. Reports
from the country state that it is
very dry and hot, and rain is
has been
wanted.
Augusta, Georgia.—The weather during the week has been
It has rained on five
days, heavy and general, greatly ben¬
efiting crops.
Crop accounts are more favorable. Planters are
encouraged, and predict a heavy crop for this section. Average
thermometer 85, highest 101 and lowest 70.
We have had a
rainfall during the week of three inches and
thirty-five hun¬
dredths, and during the month of five inches and eighty-five
hundredths.
hot.
Charleston, South Carolina.—It
has been showery three days
this week, with a rainfall of two inches and
twenty-two hun¬
dredths. The thermometer has
averaged 85, the extreme range
having been 76 and 94.
The following statement we have also received
by telegraph,
showing the height of the rivers at the points named at 3 o’clock
Tot.Je.30. 4,238,246 3,939,755 4,056,109 3,456,872 3,736,741
3,490,338
948
S.
July 1....
486
1,073
1,456
3,684
“
2...;
970
S.
543
1,541
806
3,851
“
3....
1,176
650
1,864
2,518
1,315
“
“
3,572
4....
761
818
5....
1,163
367
1,009
2,067
840
914
961
780
849
1,184
656
452
3,045
“
6....
“
7....
726
668
S.
3,201
1,239
1,505
1,005
1,782
1,323
"
S.
“
8....
930
“
9....
1,013
815
“
10....
796
798
1,128
11....
674
631
694
“
S.
S.
S.
679
872
S.
“
12....
1,034
479
1,485
465
“
13....
346
726
629
439
“
14....
758
1,282
1,205
978
325
S.
S.
1,731
1,042
1,507
1,187
1,527
1,181
“
15...’
834
"
16....
563
364
“
17....
793
572
“
18....
613
839
1,468
1,247
“
19....
633
415
1,094
489
“
20....
477
996
567
326
1,339
“
21....
239
1,338
614
521
874
703
790
545
901
S.
S.
S.
653
237
S.
,
S.
“
22....
772
“
23....
483
572
“
24....
711
€03
1,795
“
25....
508
621
915
•f
26....
1,129
314
906
354
“
27....
447
249
694
157
1,114
201
1,267
458
602
“
28....
S.
S.
“
29....
502
“
30....
638
549
“
31....
480
504
S.
S.
482
S.
1,315
301
870
S.
402
B.
541
498
585
1,236
288
999
3,890
2,272
S.
4,539
4,248
2,931
3,183
3,074
2,685
8.
3,962
2,274
3,619
2,201
3,649
2,948
S.
3,109
2,260
3,281
2,799
3,284
3,674
S.
3,661
1,601
2,172
1,112
Tot. Jy.31 4,258,486 3,957,386 4,085,531 3,473,936 3,768,597
3,573,853
421
139
Aug. 1
635
S.
1,092
1,727
“
2....
264
724
521
1,465
8.
1,874
Total..
..
4,260,090 3,958,071 4,086,890 3,474,457 3,769,689 3,577,454
Percentage of total
port receipts
9302
97-51
99-35
.
99-09
97*98
128
THE CHRONICLE.
[Vol. xxvn
This statement shows that the
receipts since Sept. 1 up 1o receipts of 27,208 bales and exports of 32,727 bales for the same
to-night are now 392,019 bales more than they were to the same time last
year, which in part accounts for the disagreement.
day of the month in 1877, and 173,200 bales more than they
The Madras advices are that the
were to the same
day of the month in 1876. We add to the last
present monsoon rains are
table the percentages of total
port receipts which had been damaging the second yield in that Presidency, and the cotton is
received Aug. 2 in each of the years named.
expected to be of inferior quality, if not lessened in quantity.
New Alabama Cotton.—By
Egyptian Cotton Crop.—Great uneasiness has been
telegraph from our correspon¬
expressed
dent at Montgomery, we learn that a bale of new cotton was
by Alexandria correspondents with regard to the water supply in
received there to-day.
It was raised by W. C. Ray, Jr., Mont¬ many of the cotton districts of
Egypt. It will be remembered
gomery County, and sold at auction to Henry Faber at 16£ cents that last year there was a
deficiency of water, so that its want is
per pound.
The following shows the date of arrivals of first more felt now than it would have
been under other circum¬
bale at Montgomery for previous
years:
stances.
From a private letter dated
Tanta, July 6, published in
the Liverpool Post, we take the
Montgomery.
1873.
1874.
1875.
1876.
1877.
1878.
following :
The crop
in
generally
the
districts
of Monifia and Garbia is
First bale
11
Aug. 4 Aug. 12 Aug. 10 Aug. 2
j Aug. 14 Aug.
seriously damaged. Baria is almost destroyed, and if the
Where from
Ala,
Ala.
Ala.
Ala.
scarcity
Ala.
Ala.
1
of water continues for four or five
days longer, it will be entirely
New Orleans—First Bale from Mississippi
destroyed. I calculate that fully 40 per cent of the cotton planted
Valley.—By lias suffered from
drought, but at present it is scarcely possible to
telegraph we learn that the first bale of new cotton from the Mis¬ tell the actual extent
of the damage done.
Some will yield only
sissippi Valley was received at New Orleans, by Messrs. Hugh tliree-fourtlis, others, perhaps,
only
one-lialf,
and others oneAllison & Co., July 31st.
It was raised by J. F. Kleinstra, of fourth of what they should do, while others will yield
nothing at
all.
From what I have learned
Adams county, Miss., and was classed
^nd seen myself, the crop gener¬
good middling, selling at ally is about 15
percent less thamlast. This deficiency, however
auction at 18£ cents per
The cotton was well ginned, may increase or diminish
pound.
according as the supply of water is
fully matured, of good color, silky fibre and good staple, and is good or bad, or how unforeseen
circumstances may affect that part
of the crop which
superior to any first bale received for some years.
up to the present has not suffered from
want of water.
In fact, the extent of the
The first arrivals of new cotton at New Orleans
damage done cannot be
this and pre¬
calculated for at least 20 days
yet, when the new supply of water
vious years have been as follows :
is expected, which will enable the
planter to water again and
again, and then will be seen what plantations are saved and
New Orleans—
1873.
1874.
1875.
1876.
1877.
1878.
what destroyed.
Mr. M
has visited 28
villages, and he also
Texas
July 10 July 13 July 15 July 10 July 10 June 30 tells me that in the galini districts the
must be calculated
damage
Miss. Valley
at
from
15
to
Aug. 12 Aug. 12 July 13 Aug. 4 Aug. 10r July 31
20 per cent, which
may be increased or otherwise by
changes in the future of the crop. In Safian (the Sapas and NerThe Mississippi Valley arrival of 1875
(July 13) was a special kalet Antonali), where the Khedive’s mother has much galini, it
bale, stated, in the New Orleans Prices Current, to have been is almost destroyed, as well as that belonging to the Fellahs;
therefore, in any case,
made up from the product on several
plantations of an early de¬ cantars, and I shall be you must not expect more than 45,000
scription of seed. Subsequently we believe some doubt was not suffered so much glad if it even reaches this. Behera has
comparatively, but the Government has
thrown upon the fact of its
shipped the engines, and it is feared they will now suffer here
being that year’s cotton.
also.
Tbe Government lias also
New Georgia Cotton.—The
Georgia bale of new cotton, our districts, in order that the already stopped the engines in
poor Fellahs may Water a little.
which our telegram of last week announced as
having arrived at The evil is, that water is not arriving. Just, imagine! M
Albany, reached Savannah, according to the Savannah News, on from Kaffr Liat, has asked me to send him water for
drinking
Thursday July 25tli, and was shipped to New York by the steam¬ purposes from the reservoir, as the larger river (Nile) water is
ship City of Savannah, consigned to Messrs. Lehman Bros., green and undrinkable.
This is certainly a
New York.
gloomy picture. But other advices of about
On Wednesday of this week
(July 31st) it was that date
give
the
hope
received in this city by the
of a better prospect;—not that the want of
consignees, and in the afternoon was water at
that
time,
sold at auction in front of the Cotton
in the more elevated districts, was
Exchange, by Henry overstated, but thatespecially
there
was a reasonable
Draper of John H. Draper & Co., to Messrs. Fielding, Gwynne &
expectation that the
want would be in
great part sujiplied the last half of July, when
Co., at 19 cents. The cotton is of good staple and graded
strict the
rainy season sets in.
low middling, weighing in Savannah
Sowing had been intentionally
465 pounds.
delayed
because of the water famine, and, with the rainfall
Bombay Crop.—By cable,
we learn
that the monsoon,
(which usually begins about the middle of July) this year abun¬
which set in this year a little late in some of the
provinces, has
dant, a result much more satisfactory than the above letter
since become general, and the rainfall has thus far
been very
represents wTould be probable.
In any event the crop it is
satisfactory.
stated
will
be
a month or more late.
Our mail advices are to the 28th of
June, and give the estimates
Bombay
of stocks held over in
Shipments.—According to our cable despatch received
Bombay. The following is from the to
day, there have been 2,000 bales shipped from Bombay to
Bombay Prices Current.
Great Britain the past week and
7,000 bales to the Continent;
The fact of the rain
holding off so long has enabled a much while the receipts at Bombay during this week have been
2,000
larger stock to accumulate here than would otherwise have been bales. The movement since the 1st of
January
is as follows.
the case.
The following is our estimate of what has been
stored These are the figures of W. Nicol & Co., of
Bombay, and are
for the monsoon as compared with the two
previous seasons:
brought down to Thursday® Aug 1
c
...
,
1878.
Oomra, Barsce, Ac
bales. 10,000
Dliollerali, Ac
14,000
Comptah, Vingorla, and G. Dliarwar.... 12,000
Veravul, Cutcli. Joria, Ac..
2,000
Ginned Broach
Sundries
1,000
2,000
50,000
These
1877.
3,000
1876.
10,000
20,000
10,500
4,000
1,500
2,500
2,500
4,000
3,000
18,000
26,000
55,000
Wallace
as
&
Co.
make
a
very
different estimate
of
follows:
Dliollerali and Dliollerali descriptions
Oomrawuttee and Oomrawuttee descriptions
bales. 25,000
37,000
20,000
5,000
3,000
2,000
2,000
Comptah, Vingorla, Ac
Saw:ginncd Dnarwar
Cutcli, Anjarand Joria
Broach
Veravul and Man gar ole
Persian and other kinds
.
;
Total
4,000
bales. 08,000
The Messrs. Wallace do not state whether their
figures include
Bombay mills or not. If not, we can see
no way of
entirely reconciling the two estimates. We should
add, however, that the Prices Current estimate is given in their
stocks in the hands of
issue of June
18, while Messrs. Wallace & Co.’s is under date of
June 28; and, further, that the
receipts in Bombay from June 13
to June 26 were 50,338 bales and the
Great Conti¬
jBrit’n.
1878! 2,000
1,000
18761
1877
nent.
7,000
1,000
50,000
are exclusive of the stocks in the hands of the
mills, which do not, however, vary much. If, therefore, we
take the deficiency in Dliollerali this
year into account, the
quantity of cotton available for export during the remainderof
the year will be
something less than last.
present stock
J
....
figures
Messrs.
[Shipments this
exports 24,169 bales, againgt
....
week
Shipments since Jan.
Great
Total. Britain.
nent.
0,000 286,000 384,000
2,000 371,000 390,000
515,000 345,000
....
1.
Conti¬
Total.
670,000
770,000
860,000
Receipts.
This
Week.
2,000
2,000
2,000
Since
Jan. 1.
839,000
086,000
082,000
From the
foregoing it would appear that, compared with last
there has been an increase of 7,000 bales in the week’s ship¬
ments from Bombay to
Europe, and that the total movement
since January 1 shows a decrease in
shipments of 100,000 bales,
compared with the corresponding period of 1877.
Gunny Bags, Bagging,
&c.—Bagging is rather quiet, but
there is an increase in'the demand,
and more inquiry is to be
noted than at our last report.
The demand, however, is still
for small parcels, and but little
disposition is shown to handle
large parcels. There is no change to be noted in prices, which
are
ruling about steady, holders quoting 10£@llc. for light and
lli@U|c. for standard qualities, but a large parcel could be had
a shade less.
Butts are ruling quiet, and there is rather an easier
feeling as to price; and though 2 H-16(q}2$c. have been quoted
during the week, the close is lower, and for parcels holders are
asking 2&@2fc. The sales for the past month have been about
10,000 bales, mostly spot parcels, and deliveries foot
up 29,812
year,
bales:
Stock
August 1
Shipments afloat
Bales.'
21,450
54,346
Estimated shipments for August
75,1196
5,000
Supply to January 1, 1879
80,196
THE
3, 1878.]
CHRONICLE.
The Exports op Cotton from New York this week show
an
compared with last week, the total reaching .5,695
bales, against 3,318 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1877; and in the last column the total
increase,
for the
as
same
period of the previous year:
Exports of Cotton(bales) from New VorU since Seot.la 187V
Same
WEEK ENDING
EXPORTED to
July
July
July
July
10
17.
24.
31.
1,250
3,318
5,693
Liverpool
13
Other British Ports
75
....
Total to Gt. Britain
13
date.
year.
324 700
•
•
Bremen and Hanover
•
Other ports
5,695
•
Total to N. Europe.
•
•
All others
200
•
•
•
•
•
•
•
....
....
....
....
•
•
....
Grand Total
213
•
19.206
44,910
2,893
.
....
....
....
2,393
753
....
....
....
2,398
3.640
387,206
413.919
5.695
jPHILADELP’lA
BOSTON.
This
Since
Since
BALTIMORE.
This Since
week. Sept.l.
Sept. 1. week. Sept.l.
3,151
1,165
204,659
t6,343
7 7
116,460
Mobile..
1,197
20,345
30,755
....
This Since
week. Sept.l
....
8,310
•
4,660
641
“l6
“To 19*879
5*.692
2,792
162
44
109,167
914
Virginia
238
162.610
Tennessee, &c
Foreign
*214
143,855
2(0
5,4S5
17
Total this year
5,921
933,245
2,392 343,451
633
72,840
Total last
7,381
926,793
1,525 342.554
239
63,741
”43 fio’oii
932
22i
...
~2 56,1)48
3.246
13,993
•
25,413
Florida
S’th Carolina
N’th Carolina.
51,990
'*42 42,751
9*730
697
i
the
same
159,186
310!l21,999
So far
as the Southern ports are concerned, these
exports reported by telegraph, and published in
The Chronicle, last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to
Wednesday
night of this week.
m
.
Delivery.
Nov.-Dee
.6J16
.
July
Aug.-Sept
..619*0
-.619*2
-.617*2
-.619*2
Oct.-Nov
Dec.-Jan.,n. crop,
6%
Shipments.
Nov.-Dec.,n. crop,
sail
61332
Nov.-Dee., sail
6%
Dec.-Jan., n. crop,
sail
63a
Tuesday.
Delivery.
Sept.-Oct
Aug.-Sept
Sept.-Oct.'
,
Oct.-Nov
Nov.-Dee
6»s
65s
621,32
691G
6'ii0
Shipments.
Oct.-Nov., sail
61332
Nov.-Dee.,-n. crop,
sail
638
Wednesday.
Delivery.
July
July-Aug
Aug.-Sept
Sept.-Oct
Oct.-Nov
Delivery.
6Hig
62130
Nov.-Dee
62132
6Ui6
61932
Oct.-Nov
6I032
6H16
Aug.-Sept
65g
Mar.-Apr
6"ie
Shipments.
Oct.-Nov., n. crop,
sail
67i6®l332
Nov.-Dee., n.crop,
sail
67 x g
Jan.-Feb.,u.ep.sT, 671G
.
.
Total ba
New York—To Liverpool, per steamers England. 1,192 and 37 Sea
Island... City of New York 972
Algeria, 150
City of Richmond, 1,000... .Halley, 1,396..-. .Delambre, 443....per ship Phil¬
..
osopher, 6:0
Delivery.
Delivery.
August
621.32
Aug.-Sept.. --621.32®5s
Sept.-Oct
6iii6®“i,32
Oct.-Nov
61932®916
Nov.-Dee.
Jan.,
new crop
Oct.-Nov
Nov.-Dee
.
es
Delivery.
615,32 Scpt.-Oct
65s
Shipment.
6716
619-2 Nov.-Dee., new cp.,.
sail.... .........61330
6~i6
Friday.
Delivery.
Aug.-Sept
Sept.-Oct
Delivery.
6 5s
62I32
691b
619,32
6l332
Oct.-Nov
Oct.-Nov
Dec.-Jan
Oct.-Nov
Nov.-Dee.
69x6
6"i6
Shipment.
Oct.-Nov., n. crop,
sail
6"i6
Shipment.
Nov.-Dee., n. crop,
sail
61332
Nov.-Dee., u. crop,
sail
63s
ERE ADSTUFFS.
45,353
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
10,509 bales.
Shipments,
d.
Nov.-Dee., n.crop,
Sail
-638@13j{2
sail
July-Aug
19.171
'635
106,860
110,203
...-@6%
Thursday.
prom
This
week.
..65s
Oct.-Nov.6i7*o-9 16“1732
Nov.-Dee
--67ig
27,128
the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since Sept. 1,’77:
are
.658
-658
.658
-65s
Oct.-Nov
are
NEW YOBS.
d.
Delivery.
Sept. Oct
Delivery.
Delivery.
July
.619*2
-619.32
15,029 July-Aug
Aug.-Sept
.619*2
2.878
Oct.-Nov
-61732
9,221
.658
'July
4,936
•
....
3,318
...'@658
...'@6%
Uplands, Low Middling clause, unless
.
9,033
....
1,549
the basis of
....
9,441
....
....
Spain, &c
9,033
115
....
....
on
.
Saturday.
July-Aug
Aug.-Sept
'
year.
are
d.
Delivery.
July..,
61932® Sg
Jul3r-Aug
619.32
Aug.-Sept
619,32
July
61932
379,113
20*718
•
Spain, OportoA Gibraltar&c
North’rn Porte
..
.
otherwise stated.
330,457
....
...
224
....
New Orleans..
Texas
Savannah
.../®G9i6 ...@69x6
.'@69x6 -..'@658
...Nellie
.'@611x6 ...'@611x6
Futures.
These sales
July
200
Hamburg
recb’ts
Mid. Upl’ds
Mid. OiTus.
343.679
35,134
9,326
....
....
following
Saturd’y. Monday. Tuesday. Wedn’sdy Thursday Friday.
5,757
....
3,318
•
Monday.
224
•
Total French
The
1,325
period
prev’ui-
Sjwt.
table will show the daily closing prices of cotton for the
,
Sept.-Oct
Havre
Other French ports
Total
....
Total
to
Tlio following
week:
129
.
August
Friday, P. M
,
Aug. 2, 1878.
The flour market has been
gaining strengih in the past week,
and yet shows no important advance on prices, nor has there
been much activity.
Dealers have shown anxiety to replenish
stocks of fresh ground flrnrs from old wheat, and choice patents
and straight Southern brands have become scarce.
Flours from
new winter wheat
have been in fair supply, and the better
grades have been taken for export to a moderate extent at
$4 75@4 65. Common shipping extras and city mill shipping
brands ruled rather quiet.
Rye flour and corn meal iu good
demand and firm.
To-day, the flour marktt was very firm, with
prices tending upward.
The wheat market has been
*
excited and variable.
A “corner”
July deliveries caused much irregularity. No. 2 red winter
forced up to $1 14 and dropped to $1 05@1 07.
A “ corner”
at Milwaukee cause! an advance there to §1 30 for No. 2
spring,
when the tame grade sold here at $1 08.
There have been large
sales of No. 1 white for Aug. at from $1 18 down to $1 16.
On
T°hd
10,509 Wednesday and Thursday there were free sales of No. 2 red
The particulars of these shipments,
winter at $1 03(a) l 06 for Aug. and $t 05(a) 103for Sept.
arranged in our usual form
The
are as follows:
feeling continues unsettled, there being poine apprehension of a
Liverpool. Vera Cruz.
Total.
New York
speculative “ corner” on Aug. contracts. There is certainly a
5.695
New Orleans
"z:2
4,079 veiy strong feeling among holders of prime qua’iiiesof old wheat.
Baltimore
t90
San Francisco
45
To-day, there was a firm market for spots ; No. 2 red and amber,
Total
steamer and sail condition, sold at $1 05@1 07, No. 1 amber $1 10
52
10,50.)
Cotton freights the past week have been as follows:
@1 11, and No. 2 Milwaukee (40,000 bushels) at $1 08; but
futures were decidedly higher, No. 2 spring selling at
05 for
Liverpool.
.—Havre.—, ,—Bremen.—,
HambRre—
Steam.
Sail.
Steam. Sail. Steam.
Oct. with $1 07 bid for Sept.
Sail.
Steam. S.Vil.
<h
d.
c.
c.
c.
c.
c.
c
Indian corn has become irregular.
Saturday. —$i£
15-64 c mp.
Prime grades of Western
X cp. — $# ll-lfi comp. #
X comp. —
Monday.. — $# 15-64 comp.
X cp. — $3£ 11-16 coiod. #
X? comp.
mixed are scarce for prompt delivery, and consequently higher;
Tuesday.
$#
15-64 comp.
X cp.
$# 11-16 comp. X
X comp. —
Wed’day.
$5*
15-64 comp.
but other grades, as "well as futures for all grades, have declined
X cp. —11-16 comp. X
% comp.
15-64 comp.
Thursday
X cp. —$% 11-16 comp. %
x comp.
under more liberal supplies here and at the West.
To day, the
Friday.... — $# 15-61 comp.
X cp. —
11-18 comp. %
X comp.
market was rather firmer, and No. 2 mixed sold for August at
Liverpool, Aug. 2—3 P. M.—By Cable from Liver¬
pool.—Estimated sales of the day were 12,000
bales, of which 4S^@4?|c.
3,000 bales were for export and speculation. Of to-day’s sales
Rye is firmer, and prime State sold at 68c., and to day two
9,050 bales were American. The weekly movement is given as loads of State for the first half of
August at G7c.
“follows:
Oats have been freely offered, and prices favored buyers.
To day, the market close! activ-*, with No. 2 graded quoted at
July 12. July 10.
July 26.
Aug. 2.
New
5.69’;
Orleans—To Liverpool, per steamer Ariel,
1,429
per ship
Minnie H. Gerow, 2,598..
4t027
To Vera Cruz, per steamer City of Mexico. 52
’53
Baltimore—To Liverpool, per steamers American, 110
Juana, lab
Rita, 441
£90
San Francisco—To Liverpool, per ship St. David,
(foreign) lo.45
...
...
on
was
..
..
,
»
—
—
—
—
—
—
—
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export
.77......
Amount afloat
Of which American
70,000
4,000
53,000
2,000
....
.
86,000
782,000
615,000
48,000
38,000
4,00l>
168,000
185,000
523,000
13,000
3,000
4,000
194,000
45,000
57,000
10,000
’
66,000
3,000
4,000
59,000
4,000
15,000
709,000
566,000
3,000
2,000
4,000
44,000
.
45,000
4,000
9,000
663,000
106,000
1,000
61,000
4,000
28,000
617,000
493,000
33,000
21,000
4,000
181,000
42,000
33fc. for mixed and 34ic. for white.
The following are closing quotations :
Flour.
No. 2
$ bbl. $2 5C® 3 25
Superfine State & West¬
3 59$ 3 90
ern
Extra State, &c
Western Spring
ex was
..."
4 10$ 4 25
Wheat
do XX and XXX
do winter X and XX...
do Minnesota patents..
4 05$ 4 30
4 40$ 6 25
4 25$ 6 25
6 00$ 8 33
Grain.
Wheat—No.3 spring,bush
No. 2 spring
No. 1
spring
Red Winter
White
Corn—West’n mixed..
do steamer grade.
Southern yellow
Southern white
.
98$ 1 02
6$ 1 08
1 10$ 1 11
90$ 1 10
1 05$ 1 20
45$
49
47$ 47#
48$
50
53$
55
130
THE CHRONICLE
Flour.
Grain.
City shipping extras
City trade and fami’y
hwa
rl
4
10® 5 25
Rye—Western
65®
5
40® 6 00
Oats—Mixed
raily brands.
Southern shipp’g extras.
Bye flour, superfine
5
4
Barley—Canada West....
State, 2-rowed..
Corn
Corn
00® 6 50
40® 4 85
80® 3 30
2 20 £ 2 60
2 9J® 2 95
Southern bakers’ and fa-
White
...
2
meal—Western,<fcc.
meal—Br’wine, &c.
*
•
State, 4-rowed
Western feeding
31®
32®
^
•
•
•
•
•
•
•
•
42
92
been
has
Wheat,
bash.
Montreal (loth)
155,571
108,814
Philadelphia
Peoria
Indianapolis
•
•
40®
77®
Peas—Canada bond&free
follows:
•
•
....®
The movement in breadstuff) at this market
1878.
For the
Since
week.
Jan. 1.
Flour, bbls.
C.meal, “
80,639
3,235
Same
time
1877.
>
1878.
,
For the
wjek.
2,259,717
1,4)1,655
118,237
138,257
Wheat,bus.l,383,343 26,740,623 2,902,574
Corn.
“
8)2,010 20,243,047 15,016,215
Bye,
“
30,! 48 1,952,573
414,053
Barley, “
*19,154 ♦2,581.627 *2,085, 6)
Oats.
“
3:7,088 6,831,434 5,136,949
37.761
4,008
848,556
858,714
65,077
.
255,091
,
Since
Jan. 1.
1,425,216
127,581
25,301,191
16,619,354
2,380.305
1,508,698
1,744,172
,
187?.
.
For the
week.
>
Since
Jan. 1.
27.513
2,851
119 500
855,662
19,555
23.500
781,879
AND
June 29, 1878
June 22, 1878
June 15, 1878
June 8, 1873
134.211
4,801,519
595,870 13,038,877
(196 lbs.)
23,413
34,480
Chicago.
Milwaukee
Toledo
Detroit
Cleveland
St. Louis
Peoria
July 28, 1877..
bu?h.
Corn,
Oats,
bujh.
bush.
(60 lbs ) (56 lbi.)
295,011 1,763,442
341,936
40,910
7,331
16,109
22,020
27.793
533,219
84.3.0
1,225
453
2.500
127,850
49,533
110,167
51,150
....
....
#
Duluth
10,803
30,050
There
Barley,
Rye,
(48 lbs.)
5,291
2, 83
(56 lbs.)
41,063
6,560
bush.
(32 lbs.)
2,258
^
26,000
•
•
*
1,200
450
4,579
5,503
8,100
....
....
1.870,576 2,203,’44
589,683
39,629
1,480,783 2,102,034
6S7,9 3
17,530
Corresp’ng week,’77. 48,180
623,520 2,203,767
245,872
17,216
Corresp’ng week,’76. 72,824
8)6,922 1,701,426
335,688
11,1%
TotDec.31 to July 27.3,176,661 34,006,987 52,504,153
14,561,041 2,930,881
Same time 1877
2,233,812 10,291,525 42,697,595 10,645,867 2,719,1S2
Same time 1876
2,935,768 26,444,4% 42,401,348 13,836,708 2,970.439
Same time 1875..-....2,658,835 30,331,288
27,735,509 10,631,370 1,5)5,255
Tot.Aug.l to July 27.5,949,054 77,492,228 87,603.769 26,972,598 9,409,741
amc time 1877
4,892,534 39,634.510 81,646,506 21,691,654 8,492,032
Qame time 1876
5.343,669 66,287,202 62,903,020 26,4S9,340 7,657,037
8 “me time 1875
5,327,843 65,820,727 46,966,213 22,591,127 5,472,493
61,940
42,669
80,686
35,718
80,423
2,059,309
939,927
997,316
1,511,029
4,036,126
2 897.678
2,287,166
1,227,649
SHIPMENTS OF
FLOUR AND GRAIN FROM WESTERN LAKE
AND
RIVER PORTS FROM DEC. 31 TO JULY 27.
24,694',927 45,555,730 9,502.903 1,589,554 1,662,050
2,310,126 10,043,3)7 36,732,29! 8,003,101 2,104,202 S2l,831
3,127,303 £4,837.132 33,803,346 12,150,544 1,222/00
891,245
2,803,7% 26,tOO,946 21,636,232 7,699,213 819,181
302,8*6
GRAIN
FROM WESTERN LAKE
AND RIVER PORTS.
Week
Flour,
ending—
Ju'y 27, 1878
bbls.
80,2,%
July 28, 1877
July 29, 1876
July 31, 1875...
35,397
64,514
51,853
Wheat,
Corn,
bush.
bush
466,('85
432,19?
84,700
10 ),365
554,470
220,322
199,138
,
:
bash.
35,573
1,032
14,392
2,751
1,443
1, .’66
....
1,140
1,730
...
429,488
16,000
5,259
5,689
6,612,204 1,419,093
6.6‘9,419 1,540,497
6,447,178 1,530,133
7,374,431 1,617,704
8,983,806 1,778,324
8,151,399 1,586.8%
8,707,025 2,003,698
10,357,648 2,203,207
9,439,891 1,812,092
1,070,214 271,0761,041,468 301,860
1,026,564 346,724
1,037,466 339,086
1,051,983 348,677
1,044,832 404,100
1,041,766 416,942
1,103,514 521,217
313,243 195,745-
Oats,*
Barley,
bush.
4.9.(88
5,259
118,2%
245,641
125,191
630,493
Rye,
bush.
3,066
2.035
3,231
bueh.
5,683
11,941
14,917
17,991
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD
PORTS FOR THE
WEEK ENDED JULY 27,
1878, AND FROM DEC. 31 TO JULY 27.
a
considerable influx of
was
arrive in the city.
Domestic Cotton Goods.—The
exports of domestics from
during the week ending 30th ultimo reached 1,242 pack¬
TotDec.31 to July 27.3,253,137
BAIL SHIPMENTS OF FLOUR AND
35,672
-/Rye,
package buyers the past
fairly active in some departments,.
Western and Southwestern buyers continued their
operations in
autumn goods on a
satisfactory scale, but there were disturbing
influences which checked transactions with
jobbers from other
sections of the country.
New Orleans buyers bought next tonothing because of the epidemic raging in that c ty, and San
Francisco jobbers paused in their
operations, owiug to an enor¬
mous advance in
freights by the Pacific Railroad. The tone of
the market has undergone a marked
change for the better within
the past fortnight, and a slight
improvement in prices o:‘ cotton
goods, printed calicoes, &c., has already been developed. The
jobbing trade continued quiet, as a rule, but a few of the leading
houses effected a liberal distribution of cotton
goods, prints,,
flannels, &c., in package lots, and increased animation in this
branch of the business is expected
shortly, as buyers from Texas
and other remote
parts of the interior have already begun to
438
•
was
week, and business
bueh.
96,172
Same time 1877.
Same time 1676
Same time 1375
bush.
Friday, P. M., Aug. 2, 1878.
27,
27.
TO JULY
182,552
4,840
m
Total
Previous week
Wheat,
1
338,390
523,534
75,15)
35,200
4,4%
1,528,372
Barley,
bush.
651,691
94,813
2,0)0
FROM DECEMBER 31 TO JULY
bbls.
AT—
14,349
43,726
6\293
314,921
4 32,197
Oats,
PORTS FOR THE WEEK ENDING
FROM AUGUST
Flour,
bash.
191,711
474,797
THE DRY GO DOS T iADE.
RECEIPTS AT LAKE AND RIVER
27, 1873,
5,636,271
4,403,725
4,425,35?
4,612,433
4,913,132
5,352,467
6,254,490
6,345,973
1,975,455
July 20, 1878
July 13, 1878
July 6, 1878.....
Including malt
JULY
41,787
749,242
466,036
789,299
Corn,
as
EXPORTS PROM NEW YORK.
,
121,577
Kansas City
Baltimore
Rail shipments, week
Lake shipments, week
'Total
i—RECEIPTS AT NEW YORK.—n
*
63
68
34
37
60®
State
j
«
[Vol. XXVII
this port
the
importaut shipments of which were seat a&
Britain; 268 to Brazil; 174 to
Argentine Republic ; 79 to Hayti ; 58 to British West Indies; 38to Peru; &c.
Brown sheetings were in improved demand and
firm, with a slight upward tendency; and bleached cottons were
fairly active and firm, though selections were mostly confined to,,
relatively small lots. Cotton flannels continued in fair request^
ages,
more
follows: 583 packages to Great
and corset
jeans were more active at a slight advance in price.
Ducks, denims, ticks and grain bags, were severally in steady
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
demand at firm prices, and cheviots were more
At—
bbls.
bu-b.
bush.
bush.
sought for by the
bush.
bush.
New York
68,210 l,031/-54
Western trade. Print cloths were iu good
688,S04
396,933
44,51)
demand, and prices
Boston
2 <,3'8
104,000
362,0-00
70,050
13,503
3,200 advanced to 3 ll-16c.
Portland
2,500
cash, bid for 64xG4s, and 3£c., cash, bid for
5,800
2,3-10
Montreal
16,795
98,2)9
301,5J1
9,612
56x60s, after large sales bad been made at a fraction below these
10.150
Philadelphia
4)9.003
139,0)0
55,3)0
1,666
Baltimore
13,169
908.6 )0
132,400
8.000
figures.
Dark printB were in better request by interior
1,600
New Orleans
jobbers^
15,553
4,899
59,532
16,523
and some makes of
staple and solid prints were subjected to a
Total.
slight advance. Transactions in ginghams and cotton dress
149,695 2,339,292 2,042,067
558,723
13,500
50,31)
Previous week
1%,392 1,233,5 8 1,643,996
439,689
5,943
38,932
goods were limited by the light supply as yet on the market.
Corresp’ng week,’77
89,410
485,361 1.262,S3)
192,141
14,430
58,456
Tot. Dec. 1 to July 27 4,644,876 40,345,553
Domestic Woolen Goods—There was an
66,103,695 11,491.784 2,415,832 2,555,613
irregular move¬
Same time 1877
.3,534,020 6, 7 2,332 46,300,79. 9,437,247 1,985,865
ment
in men’s-wear woolens, and while the distribution of
697,850
Same time 1876
.5,141,011 25,475,469 50,093,579 13,677,381 1,935,054
fancy
340, :J2)
Same time 1&75
cassimeres and overcoatings was less active than
.5,131,758 22,971,301 29,329,479 9,589,613 312,979
145,185
expected, sales
of worsted coatings, cheviots and
EXPORTS FROM UNITED STATES SEABOARD PORTS
AND FROM
Kentucky jeans were made by
MONTREAL FOR WEEK ENDED JULY
agents to a considerable aggregate amount, and there was more
27, 1873.
Flour, Wheat,
inquiry for cloakings by the cloak trade. Satinets ruled quiet,
Corn,
Oats,
Rye,
Peas,
From—
bb s.
bush.
bush.
bush.
bu-h.
bush.
and
there was only a hand-to-mouth demand for black
New York
36,203
cloths
792,951
886,561
223,797
81,179
2,093
Boston
7,245
40,300
18
and doeskins.
ms, as 1
Repellents received a little more attention from
Portland
15
50
Montreal
the trade, and there was rather more
8,133
130,930
276,104
9,605
73,273
inquiry for linseys and
Philadelphia
42,2)2
143,420
dress plaids, though transactions were
Baltimore
7,751
497,313
only moderate in amount.
196,786
Wool flannels were not quite so active as when last
To al for week.
reported
59,357 1,503,726 1,651,302
238,420
81,179
75,366
Previous week
68,911 1,213,551
upon, and operations in blankets were relatively light. Worsted
1,948,061
6 ,904
101,401
46,288
Two weeks auo
6S,714
%8,310 1,875,584
181,755
38,923
13,105 dress goods were opened by the
leading agents, and a liberal
From New Orleans, 24,396 bush. corn.
distribution of both staple and
fancy mak^s was made to buyers
The Visible Supply of
Grain, comprising the stocks in from remote
parts
the
of
country.
Hosiery, underwear and fancy¬
granary at the principal points of accumulation at lake and
ing woolens were iu good demand
seaboard ports, and in transit
by distant buyers, but the
by lake, canal and rail, July 27,
1878, was as follows :
near-by trade have not yet commenced operations in the latter.
.
.
•
•
..
•
•
,
.
.
....
....
.
...
.
.
.
....
»
.
©
•
•
•
*
•
•
•
....
•
....
....
....
-
....
In Store
New York
Albany
Buffalo
Chicago
Milwaukee
Duluth
Toledo.
Detroit
Oswego
St. Lou s
Boston
Toronto
Wheat,
at—
bush.
..
..
985,184
800
Corn,
Oats,
bush.
bueh.
432,237
1 SC-00
169,182
923,365
15,000
149,685
2,506
190,003
Barley,
551,603
12,300
1,378
71,13?
43,303
'
Rye,
bush.
bush.
206,136
33/00
9,178
256.123
361,800
83,895
46,200
4,427
47,123
11,200
44.8*49
4,(.36
20,086
160,456
24,963
32),C07
73,6-6
403
17,510
328
72,500
37,000
6,332
3,064
339
•
47,026
174
-
•
* •
•
Foreign Dry Goods.—The demand for imported
goods was a
shade more active, and some of the more
staple fabrics were dis¬
tributed to
fair amount; but much animation in this
cannot be looked for until
importers are
autumn
a
department
ready to show their new
goods. Messrs. C. F. Dambmann & Co. made a public sale
20,000 pieces Hamburg embroideries, through one of the leading
auction houses, and obtained fair
prices for the goods.
The most
staple fabrics are steadily held in this market as well aa at the
centres of production in Europe.
of
August 3,
THE
1878.]
CHRONICLE.
Importations of Dry Goods.
The
importations of dry goods at this port for the week ending
Aug. 1, 1878, and for the corresponding weeks of 1877 and 1876,
have been
as
follows
:
ENTERED FOB CONSUMPTION FOB THS WEEK ENDING
-1876
Pkgi.
Manufactures of wool....
.
Value.
$266,369
173,144
402,157
flax....
772
661
559
568
115,304
1,082
Miscellaneous dry goods.
258
99,821
280
do
do
do
cotton..
silk
....
AUG.
-1877
Pkgs.
Value.
804
$376,033
1,172
.
648
1,
1878.
1878
1
Pkgs. Value.
644
718
440
564
435
317,494
445,859
200,397
102,975
131
Export* of Leading Articles from New York.
The
following table, compiled from Custom House returns,
shows the exports of leading articles from the
port of New York
to all the
principal foreign countries since Jan. 1, 1878, the
totals for the last week, and, also the totals since Jan.
1,1878
and 1877.
The last two lines show total values,
including
the
value of all other articles besides those mentioned in the
table.
$266,248
^
fl
276,191
fc- CO —*
t- OS ^ 1— CO 1— OJOO
© ao coju
£
aoTrcqc©
0S©Tl<Tfi;O©ei5©.-«OS«-->OST-ieOt-l
300.380
©riOOc-©
O r-t
*S£-
«-i
118,042
71,414
»o
.
•8
8
CO^HIOI
-©
Total
2,818 $1,156,795
3,986 $1,442,728
o
WITHDRAWN FBOM WAREHOUSE AND THROWN INTO THN MARKET DURING THE
SAME PERIOD.
Manufactures of wool
do
do
415
228
...
cotton..
silk
i
..
do
flax....
Miscellaneous dry goods.
$183,437
295
200
63,814
y9
85,718
278
68,895
14,355
65
$105,217
55,678
65,295
58,499
87
404
163
tOHw ©
2,796 $1,032,275
10,122
254
190
$95,662
70
48,854
298
129
54,292
8,593
“
-
OO
3:
’ QS'T'S'Jn'oioosewini
-<JV
.
c»n©»co»«i^t
'Cl
eo eo©
of
8
51,320
J i OO ® N
.M co 0 © c-
_
*2
OS © M C- 3C3 CO CO© o
-
$416,279
1,156,795
1,115
consumpt’n 2,818
1,149
3,986
$294,Sll
1,442,758
941
2,796
mark’t 3,933 $1,573,074
6,135 $1,737,569
»o .a
613
118
101
321
28
20,872
561
458
175
712
545
Total
1,175
Add ent’d for consumpt’n 2,818
$491,265
2,451
1,156.795
3,986
do
do
do
cotton..
silk..
*
..
-
flax
Miscellaneous dry goods.
Total entered at the port. 8,993
$247,617
30,076
123,980
68,720
$1,648,060
$259,352
154,020
120,086
$711,795
1,442,758
143,965
34,372
1,303
$377,543
1,(32,275
2,796
6,437 $2,154,553
t-<N t-
t-oos
ooi-oooovtrTroi-io
©*
»-l
‘9S©o®*0',!<ol5t:2,‘5we»
-O ©
1
St
to V o w ©
co
r->cnsi
•
co cd
•
; oo ^
r-iOS«00550-9«CO»©0»OOeO
’■S3
•
■
•
© T
ST.'fltHW
- 0)(Ni->05 0lW
*©c
OOSTJI Tfl-I
T*
•
*
of eo
03
eo
$174,036
ao
Cl
3,737 $1,291,995
409
301
68
207
370
ab
t-'io
$259,721
1,032,275
ENTERED FOB WAREHOUSING DURING SAME PERIOD.
Manufactures of wool....
O tj<
03
00 T* © CO
•oi-©coaoo(i'*cc<j«i7«*ra
Id COSt i“*
COOOt-I
■
Total thrown opon
>
w
*oiHiraoo«-Noou^®a>f-wvnaoMco©iSi-(OONao
cf 00
Total
Add ent’d for
•
co
0* t~
g&Vs o' Q creqeo
t~Q
0
eo
00
S25
00
o
ocjSSS®
rrt
co
wf
co
eo --
eo
-O’
eo 'O*
86,291
50,862
0»S
O t-1- « w a co
mnO
3
^.eo
rr CO
o
W
hi o
•QuoqoJ-o.'w
-cr
<N
• •-«
00 © co
®'E
40,667
.eooor-
.lOiOCt-^cee»(D®Tj(00 05lOWW
© ©OS
t- rr co
•
wo
•
•
o©oeoi-«fr»<oeo«,*«j-*‘»<o©gO'*»
■
CO St
CO
,(j,©
.
if ©
i
.OOOH
.
•
-woooco
•
•
•
Soo-7
-Twoc-
* *
as
4,104 $1,409,818
©
•*-«
•
.
•
•
.01
.o»t-
*c-
*OOr-
• ©
* * 'of *
f
OON
.
-st-
•
.10
•
•
*t-i
•
j>00
.0
.1-J.-.CO
*0»
at
* ‘eo *
eo
••“’gi
•
co
.
-coco©
-to com,
o ©»•
ss
*1
'O
*
-
r?
•
^
c* ©♦
tt’
Imports of Leading Articles.
efef
d oJtOO
following table, compiled from Custom Houbo returns,
shows the foreign imports of leading articles at this port since
January 1, 1878 and for the same period iu 1877:
•
n
4.
-
—1
• 03
*
>00393
•
•
CO CO kn
•
>01
<
WO
wo
•
•
•
.030>st
o
o
m
•
*eo croi
to tt
.
<?<
co
.
S3 co
•
•
•
r-c
•
•
•©»©*
•iooiqo
• eo — ©
.art®
•
*■
’•”* th
mH
03 © eo
>
:
|1SS
©
£
The
•
©t—
©«
eo
!8f
i
no
©» eooo©
.t*
•
H O *°
[The quantity is given in packages when not otherwise specified.]
22
eo
co
CO
CO
TZvhyj
•B
*o
■V©CO*O00<9»'r^'5,O*Tr©©«O00cO
©
■P ai
25,687
.00
>0O
•
©
•
S*
‘St
© «
•
ct
•
03
.
•
•
tr
•
•
St
•
KNCO-W
»cc ©
03
.-I
W. :iS§
sg-
©*
—
©
.
05 CO
.
”
Oi 03’
Since
Same
Jan. 1/78 time 1877
China
Earthenware..
Glass
Glassware....
Glass pi ate...
7,194
21,211
142,387
7,353
21,685
193,7,1
11.r. 8
13,909
3,2t8
5,076
64,702
4,931
Since
Same
Jan.1,’78 time 1877
h*
«<M co <M
•
^
(Utjii-os
•
Hardware
Lead, pigs
Spelter, lbs
2,294
2,164
823
488
67,509
597, S92
4,280
717,765
24,924
Steel
2,943
2,565
20,302
7,024
14,9;9
1,208
17,509
1,285,605
526,067
Tea.
Bark, Peruvian.
Blea. powders..
Cochineal
Cream Tartar..
Gambier.
9,218
2,023
Gum, Arabic....
4,475
Indigo
Madder AExt.of
Oil, Olive
Opium
8oda,bi-carb...
Soda, sal
Sodaash
Flax
Pars
Champagne,bkts.
Wines
82,673
2,494 Wool, bales
3,711
26.73-
451
667
!4,30i
36,854
13,091
37,065
81,140
3,265
1,974
3,472
Lemons
3,532
Gunny cloth
Oranges.
Hair
2,6(.7
1,751
114,815
87,985
Bristles
822
2 688
Hides, dressed..
India rubber
Ivory
Jewelry, Ac.—
Jewelry
Watches
Linseed
Molasses
4,024
912
25.756
3,694
35,092
842
467
1,376
637
1,655
306
266
210,808
222.731
57,355
73,551
52,823
85.134
20,633
50,973
77,782
$
865,069
$
697,365
34.003
42.332
423,722
202,712
116,132
Nuts.
Raisins...
Cassia..
Ginger
Pepper
o
-
5©
WoodsCork
Fustic
86.332
320,263
269. S7C
27,350
431,032
42.235
Logwood
Mahogany
Receipts or Domestic Produce.
The receipts of domestic produce since January
for the same period of 1877, have been as follows:
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time 1877
2^3©
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2,731
4,589
Pitch
Oil cake
Flour
Wheat
Corn
Oats
bbls.
1,303
pkgs.
262,472
bbls
2,259,717 1,494,655 Oil, lard
bbls.
bush. 26,740,628 2.902 574 Peanuts
bags.
“
20,243,047 15,016,215 Provisions—
“
Butter
6,831,43* 5.136,949
pkgs.
1,962,573
Cheese
“
Rye...
“
414.053!
2,531,627 2,085,260;
Barley & malt “
Cutmeats.. “
Grass seed...bags
102,25
75.597 j
Eggs
“
Beans..... bbls.
42,633
“
45,562, Pork
Peas
bush.
Beef
“
456,051
181,647
Corn meal., bbls.
118,4:37
138,257
Lard....... “
Cotton
bales.
486,042
Lard
363,692
kegs.
2,140
Hemp
“
3,534 Rice
pkgs.
Hides
No.
109,442
*“
123,053 Starch
Hides
bales.
76,654
83,720 Stearine
“
Hops.
bales.
Leather
sides.
Molasses
hhds.
Molasses
bbls.
Naval Stores—
Crude turp..bbls.
Splits turp “
Rosin..... “
Tar
“
49,434
35,046 Sugar
bbls.
2,377,675 Sugar
hhds.
18
363 Tallow
pkgs.
111,209
67,28; Tobacco..... **
2,435,273
Tobacco
1,923
43,614
222,618
12,773
hhds.
1,818 Whiskey
bbls.
12,495 Wool
bales.
2 9.170 Dressed hogs..No.
14,915
10,392
46,424
2,610
168,782
11,501
(JO
•
19,807
39,995
114,430
54,036
92,511
61,284
59,162
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306,950
82,712
115,325
55,487
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68,098
657,642
1,533,248 1,052,563
774,579
517,754
335.926
334,677
168,915
113,422
34.679
24,513
497,784
219,658
24,729
24,532
18,028
22,773
238.795
206,2G5
13,560
11,450
'537
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12,406
12,097
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20,144
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124,040
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120,015
248,635
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906,470
628,26S
1,305,049 1,155,591
473,435
508,439
373,903
5c8,034
6,615,059 7,419,926
157,381
165,644
..
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3,8c 1
588
Hemp, bales
Hides, Ac—
291
1,417 Wines, Ac—
2,191
25,692
34.143
32,711
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30,004
1,891,906
493,103
34,818
*2
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619.269
Tin, boxes
579,231
Tin slabs, lbs.... 6,792,836 6,666,693
3,787
21,968 Paper Stock
79,555
110,929
14,251
15,301 Sugar, hhds, tcs. &
901,621 1,131,862 1 bbls
372,791
421,420
Buttons.
Coal, tons.
Cocoa bags....
Coffee, bags..,.,
Cotton,bales...
Drugs, Ac—
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THE CHRONICLE
132
Providence Line
MERCHANTS
AGENTS,
SHIP
New York Agency,
S. W. POMEROY Jk.,
105 Water St., N
VIA
ONLY 42 MILES OF RAIL.
ATLANTIC
The Favorite Palace Steamers:
Capt. RAY ALLEN.
Capt. JESSE MOTT.
ft m
¥* i»*
Iff Dally (except Sundays), from Pier No. 29
v
Nonh Rlver (f00t of Warren street.)
Passengers arrive In Boston at 7 A.M. No Interme¬
diate landings between New York and Providence.
Banking
Corporation,
Office, Hong Kong.
.
Head
AGENT,
S. W. POMEROY Jf., 105 Water
RHODE ISLAND,
MASSACHUSETTS,
Hong Kong & Shanghai
THE
St.. N. Y.
LIME,
™
jay srreet )
State-rooms and tickets FOR EITHER LiNE
at 363 Broadway and at all offices, of Westcott’s
ROSTON.
Place,
COMMISSION
Co.,'
6c
Mail
St.,y New York.
France.
to
Steamships,
YORK
AND
HAVRE.
Calling at Plymouth for the landing of Passengers.
Tne splendid vessels on this favorite route, for the
ContIuent-“Cdbins provided with electric bells—will
sail from Pier No. 42 North River, foot of Morton st.,
MANUFACTURERS OF
follows:
CANADA. Franguel
FRA.N't E,Truielle ......
as
SI7PE R-CARBOX ATE
Wed., August 7,12:30 P. M.
..Vf e !., August 14, 0:3; A. .u.
•PERETRE. Dan-e
Wed., August 21,11 A. M.
PRICE OF PASSAGE IN GOLD (Including wine;:
To Havre—First cabin, $ 00; second cabin, $ 5; tain
cabin, $35 ; steerage, $26— including wine, bedding and
OF
SODA.
utensils.
riip,
New York.
The Jobbing Trade ONLY Supplied.
To
Plymouth, London or any railway station In
England—First cabin, $90
Co.,
M*r.'ir:»uh
LOUIS
iA-ab-.v*
to $100, according to accom¬
modation ; second cabin, $65; third cabin, $35, steer¬
age, $27, Including everything as above.
Return tickets at very reduced rates, available
eh rough England and France. Steamers marked thus
(•) do not tarry steerage p issengers.
For passage and freight apply to
BrinckerhofT, Turner
&
DERERIAN,
Agent,
So
55 Broadway.
COTTON SAILDUCKJ 4fiE£&. Atlas Mail Line.
iNG, BAGGING. RAVENS DUCK, SAIL TWINES
“ ONTARIO * SEAM!.ESS
•
BAGS.
AWNING STRIPES.*
AihO, Al:
('tilled
A *'jU
Suite*
*
BI-MONTHLY SERVICE TO JAMAICA, MATT!
CO.LOM BIA and ASIMNWALL. and to PANAMA and
SOUTH PACIFIC PORTS (via Asplnwall.)
F:i8t-clae8, full-powered, Iron acrew steamers, from
Pier No.Nor»b River.
For Kingston (Jam.) and Haytl.
ETNA
August 8
For Haytl, Colombia, Isthmu9 of Panama and South
Pacific Ports (via Aspinwul ).
ANDES
August 13
bupermr first-clase passenger aeoomutortHi n n.
..
Company.
Etimting
supply all Widths and Colors always ;n stock.
No. J 00
Dunne
from 1st
on
Marine Risks
January, 1877, to 31st De¬
cember, 1877
Premiums
on
$4,710,665 83
Policies not marked off
January, 1877
2,040,862 61
No Policies have been issued
upon
$6,751,028 44
Life
Fire disconnected
nor upon
with Marine Risks.
Premiums marked off from 1st Janu¬
1877, to 31st December, 1877.... $4,902,331 08
Losses paid
same
duiing the
period
$2,565,890 27
Returns of Premiums aud
Expenses...$947,923 86
The
Company has the following Assets, viz.:
United States and State of New York
Stock, City, Bank and other stocks.$10,565,958 00
Loans, secured by Stocks and other¬
wise
1,163,200 00
Real Estate and claims due the Com¬
pany, estimated at
Premium Notes and Bills Receivable.
617,436 01
1,764,393 63
Cash in Bank
255,364 02
Total amount of Assets
$14,366,351 66
Six per cent.
Interest on the outstanding
profits will be paid to the holders
thereof, or their legal representatives, on and after
Tuesday, the 5th of February next.
certificates of
^
The
An.i ell kind a of
COTTON CANVAS. FELTING DUCK, CAR COVER
&C
Premiums received
ary,
BETWEEN'
John Dwight & Co.,
1 5 - Old
Company, submit the following Statement of its
affairs on the 3tst December, 1877:
Total amount of Marine Premiums.
The General Trans-Atlantic Com pan) V
NEW
No.
New York, January 23, 1878.
Rieks,
CO., of China,
104 lVall
r
Direct Tine
by
REPRESENTED
secured
Express
o s L i
MERCHANTS,
Co.
Insurance
The Trustees, in conformity to the Charter of the
1st
Kong Kong, Shanghai, Foochow and
Canton, China.
OLYPHANT
V
Company. Also tickets sold at all hotel ticket-offices.
Freight, via either line, taken at reduced rates.
D. S. BABCOCK, President.
L. W. FILKINS, General Passenger Agent.
Post Office Box 2,634.
Olyphant &
EAST.
POINTS
5*» HI
^
From Pier No. 33 North Elver (foot
MERCHANT,
COMMISSION
14 Exchange
FOR ALL
Mutual
RELIABLE
OLD
STONINGTOX
Charles E. Parker,
THE
DIRECT.
PROVIDENCE
A FULL NIGHT’S REST.
Y
OP
OFFICE
BOSTON,
TO
fiong Kong, Canton* Amoy, Foocliow*
Shanghai and Hankow, China.
Boston Agency.
J. MURRAY FORBES,
dO CENTBA.L STKEET.
GREAT
THE
Russell & Co.,
AND
Insurance.
Steamships.
Commercial Cards
C OM MISSION
[VOL. XXVIL
HMf FOR WOOD & CO., Agents,
No. 56 Wall
Street.
trect.
outstanding certificates of the issue of 1874
paid to the holders thereof,
or their legal representatives, on and after Tues¬
day, the 6th of February next, from which date all
will be redeemed and
interest thereon will
cease.
The certificates to be
produced at the time of payment and canceled.
Upon certificates which were issued for gold pre¬
miums, the paymeut of interest and redemption
will be in gold.
A Dividend of Forty per Cent, is
MANCHISTEB
MA N U FA CTURE RS
Uocomotlves
and
Fire
M
Miscellaneous.
Works,
Locomotive
OF
Amoskcag
Steam
ANCHESTEK,
JLRESTAS BLOOD,
Superintendent,
Manchester, N. II
N
.
H
for
R
7th of
o
STEEL AND CHARCOAL
of
W. G. THE A NS,
Treasurer,
40 Water street, Boston
George A. Clark & Bro.,
JOHN W. MASON 6c CO.,
43 Broadway, New York*
ORGANIZED APRILI2™ 1842
HELIX NEEDLfS.
BROADWAY, NEW YORK.
MIL WARD’S
E.R.Mudge,Sawyer&Co
FOR
Washington I»lifl«, Chicopee Mf£ Co.,
Burlington Woolen Co.,
Gllerton New IUIIIm,
Atlantic Co'ton Mlllti,
Saratoga
AND
Victory JTlfg (
Hosiery, Shirts and
Drawers
o„
From Various Mills.
NEW YORK,
BOSTON,
& 45.White Street.
15 Cuaux(jj:y st.
PHILADELPHIA,
J4 W. DAYTON, 23U Chestnut Street.
and after
Tuesday, the
J* H.
CHAPMAN, Secretary*
vanned Charcoal and BBior
Ships’ Rigging, Suspension
Bridges, Derrick Guys, Ferry
A large stock
Ropes, &c.
constantly on hand from
which any desired length
cut. FLAT STEEL AND
IRON ROPES for Mining
purposes manufactured tc
order.
AGENTS
on
May next.
HOISTING PURPOSES. :cclined Planes, Transmission
of Power, &c.
Also Gai
are
400
the net earned
By order of the Board,
superior quality
suitable for MINING AND
.
on
certificates will be issued
IRON
Engines,
de.
premiums of the Company
the year ending 31st December, 1877, foi which
clarcfl
lj581lt.F.S.WINSTON,PRESIDENT
U*s
j
EV/ERY APPROVED DESCRIPTION
0f
TRUSTEES:
J. D. Jones,
W. II. H. Moore,
Charles H. Russell,
David
Lane,
Daniel S. Miller,
Josiah O. Low,
Royal Phelps,
C. A. Hand,
William II. Webb,
Francis Sladdy,
Adolph Lemoyne,
Charles H. Marshall,
Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
John Elliott,
William II. Fogg,
Thomas B. Coddington,
Charles Dennis,
Lewis Curtis,
James Low,
Gordon W. Burnham.'
William Sturgis,
William E. Dodge,
Thomas F. Youngs,
John D. Hewlett,
Charles P.
Burdett,
Alexander V.
Blake,
Robert B. Minturn,
Gcprge W. Lane,
James G. DeForest,
Charles D. Leverich,
Edmund W.
Corlies,
William Bryce,
Peter V. King,
Horace K. Thurber,
u
LIFEXnB endowment policies
ON TERMS AS FAVORABLEAS THOSEOFANYOTHER C0t
J. D. JONES, President.
CHARLES DENNIS, Vice-President.
'ASHASSETS SyebS80.000.000.
A. A.
W. II. H. MOORE, 2d Vice-President,
RAVEN, 3d Vice-President.
@FedFRASER