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HUNTS
MERCHANTS’
W jt jc It 11|
MAGAZINE,
§Uttr0paper,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UJNlTED STATES.
VOL. 29.
SATURDAY, AUGUST 30, 1879.
CONTENTS.
THE
exception to
from this
CHRONICLE.
The
Crops and the Money Market. 299 i Latest Monetary and Commercial
Railroad Discriminations Aga>n.
210 \
English News
213
The Aims and Friendships of the
j Commercial and Miscellaneous
2'.2 |
News
214
Imperial Powers...
.
..
THE
BANKERS’
GAZETTE.
I General Quotations of Stocks and
Railway Stocks, Gold Market,
| Bonds
218
Foreign Exchange, N. Y. City
Investments, and State, City and
Banks, etc
216 |
Corporation Finances
224
Money Market, U. S. Securities,
THE COMMERCIAL TIMES.
Commercial Epitome
227 I Dry Goods
283
Imports, Exports and Receipts.... 234
Cotton
Breadstuffs
227
232
|
and
Financial Chronicled issued
on
Satur¬
day morning, with the latest news up to midnight of Friday.
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For a complete set of the Commercial and Financial Chronicle—
bank accounts this year as
it used to be. But without
stopping at present to discuss that point, it is sufficient,
in this connection, to know that there is no such move¬
ment now. For these reasons, then, it would seem as if
greater relief should have developed before this, unless
the free action of the market
had been
in
a
measure
interfered with.
At the
time
must not’ lose
sight of the main
condition, which seem to preclude
any great ease in the loan market until such time, after
the first of October, as the Treasury balance shall begin to
same
we
Two adverse influences will be at work up to
that date.
The first of these is a constant flow of 4
decline.
per cents out of the Treasury—as they are paid for and
taken up—into our bank^, to be carried by the banks.
We have often
readers well under¬
stand, that these bonds are now really carried by the
Treasury, and the - subscribers expect to dispose of
them as they take them up.
The low prices at which
the bonds now rule, largely prevent sales, and conse¬
quently they go into the banks and increase the bank
loans.
This has been a fruitful source of the activity in
the loan market up to this time, and must continue to
act
in the
and is
same
explained, and
our
direction until the last bond
comes
out
provided for. Of course there are sales constantly
being made, and all of these securities will gradually be
absorbed by banks as a basis for currency issues, or by
THE CROPS AND THE MONEY MARKET
private investors; but in the meantime they remain on
The money market has continued to work with de¬ the market and figure in bank loans.
An evidence of
cided stringency during the week. That is, 7 per cent the very large temporary increase in the demand for
has ruled in general, though near the close of bank hours loans on Government bonds is seen^in the fact that, of
loans have been made and offerings have been large late, advances on 4 per cents cannot be obtained at much
under that rate, some days very considerably under it. better rates than on other first-class securities.
The last two days there has been a little better feeling
Another fact which hangs over the money market is
and a somewhat freer movement.
the doubt as to the final balance of currency which* the
An opinion prevails that this continued stringent con¬ Government will hold October 1, in reserve for called
dition is due to artificial causes. It would certainly seem bonds not presented. One can easily believe that, after
as if, in some small degree, we should have to
accept so many calls and such large conversions of securities
that explanation. The Government currency balance in so widely scattered, a very considerable residuum of
the Sub-Treasury on Wednesday, Aug. 13, was 47 mil¬ unpresented bonds might remain over for months. At
lions; since then it has decreased and is now about 43} a time like the present, when it is so difficult to make
millions. During this week there had been a decline of new investments, holders perhaps reason that their
about one million dollars up to Friday morning, proving balance is as well, and certainly as safe, left with the
that since Mr. Sherman’s order of the 13th instant, Government without interest as lying idle in a bank.
Government movements have been in the direction Some investors, too, are invariably slow, when their
of easier rates, and cannot therefore have caused money is secure where it is; they think more of the
renewed activity. Nor do we find any considerable cur¬ safety of the principal than of the interest account.
rency going West or South on crop account, though But whatever the motive, whether it is the one we have
many think it will be very heavy later on and take suggested or some other, the important fact remains,
July, 1865, to date—or of Hunt’s Merchants’ Magazine, 1839 to 1871, inquire
at the office.
.
our remark of last week, that the drain
is not likely to be so large an item in our
cause
features of the present
T'hc Chronicle.
The Commercial
NO. 710.
THE. CHRONICLE.
210
^that the
the last
month since, and yet large
day when interest was stopped, on even
call, passe# more than a
f'VoL. XXIX.
generally anticipated ? The West has large
and knowing they will not be wanted,
has, during the past two weeks, been loaning them out
at 90 days at 6 per cent on governments.
With, then, no large drain to the interior to fear, the
incoming gold from Europe should relieve us from
anxiety with regard to the future of the money market.
is
than
balances here now,
The ques¬
tion then returns, how much of a balance uncalled for
will the Secretary have on the first of October when he
has closed up with the banks, that is, how large an
amount will then be temporarily locked up in the SubTreasury? We can get no information which satisfies The present prospect is that these imports will be very
us on this point, and
can only suggest whether, in the large. Up to this time they have been mainly in double
nature of things, it does not appear as if a considerable eagles and in bars, with our mint stamp on them, all of
balance would be held over, to be gradually run out which go at once to increase our currency, as in those
forms the gold can be counted in the reserves.
after that date.
There
some
considerable
have
also
been
But granting this, there seems to us, under existing
receipts of Spanish
circumstances, no real cause for anxiety; and we think doubloons, which can be disposed of to the Government
none would anywhere be
felt, even among the more at their bullion value and checks obtained for the full
conservative classes, were it not for the drain which is amount. In fact, for all these gold imports the Govern¬
feared will at the same time set in for moving the crops. ment will pay, on deposit in the mint, within a small
It is certain that we are going to be called upon to move amount of their value, so that each arrival virtually and
a considerably larger value in produce than we did a year
immediately adds a corresponding sum to the available
ago. The argument, therefore, of those who fear the currency, if the market is in a condition to need
and it
is
therefore considered desirable to
drain of currency for that work, is, that the banks last it
This week
another cable de¬
fall lost heavily in lawful money, and for a greater make the turn.
movement now they ought to lose more heavily.
This spatch has announced a shipment of United States
statement needs qualification, for, as it stands, it cer¬ bonds from London in place of specie.
We repeat
what we said last week that there is only an appearance
tainly is erroneous. The truth is that nearly all that the
Called bonds are coming
banks lost in lawful money last fall is found represented of truth in the statement.
by an accumulation of balances in the Treasury. The over from time to time, as they can be gathered in, 4
monthly report of the Treasurer shows the following per cents having taken their place. They have no con¬
facts as to gold and legal-tenders on hand the 1st of nection with the produce shipments from this side, and
have been long since paid for.
each month.
We have no doubt that
TREASURY BALANCES.
every effort will be made to check the movement of gold,
and
these newspaper extracts, cabled over, are evidence
Total.
Gold.
1878.
Legal Tenders.
Still,
$190,480,322 of how seriously the expected drain is viewed.
$62,020,120
July 1
$128,460,202
199,120,478
67,105,859
Aufr. 1
132.014,619
there
does
not
appear to be any prospect at present of
202,896,861
68,348,825
134,548,036
Sept. 1
63,049,339
199,085,641
Oct. 1
136,036,302
205,047,759 preventing it.
140,872,154
64,175,605
I^OV. 1
These facts seem to point to the conclusion that
On the 6th of July the banks reported $20,420,000 although we may anticipate a close market until after
specie and $53,606,300 legal tenders, or a total of $74,- the first of October, there is no good reason for anxiety;
036,300. At no time during the fall was the total of and after the Government balances are all settled, and
these two items reported by them at less than 56 mil¬ the gradual letting out of the amount in the Sublions, and that figure was reached only for two weeks, Treasury has begun in payment of the bonds as they
amounts
of these bonds
which would be
a
are
still unpresented.
loss of 18 ^millions; whereas in the
have a gain of 15 millions during the same
period. Clearly, that comparison does not admit of a very
heavy drain to move the crops. Furthermore, the low¬
est figures ©f the banks were in October, just after the
failure of the City of Glasgow Bank and the excitement
which followed in England and in New York. Those
unfavorable returns, therefore, were not the result of a
demand for the crops, but probably in great part of
withdrawals from bank through fear of large gold ship¬
ments to London and through fear of the effect of such
^shipments. In a word, then, does it not appear that
'extremely little currency could have left New York last
fall to move the crops—a very few millions at the mbst,
and it came quickly back.
But it will be said that the produce to be moved is
much greater this year. We admit it. Remember,
however, that the East has sold the West and South
this fall at least three dollars in value to one during the
Same time in 1878.
Those goods are to be used to
move the crops.
The country storekeeper buys the
grain and sells supplies; so the little currency that is
needed in these transactions makes a quick return to the
local bank. And except at first hands, checks and
drafts take the place bank bills formerly filled. We do
not mean that no calls will be made upon New York
for this purpose, but do not the facts we have given
indicate that such calls will aggregate very much less
Treasury
we
come
in to be
redeemed, there should be
a
return to
much lower rates.
RAILROAD
DISCRIMINATIONS AGAIN
during the not unwelcome breathing
spell between the adjournment of the legislative com¬
mittee and their meeting in Saratoga, we presented some
considerations which are too lightly regarded by those
who condemn the railroads for practicing discrimina¬
tions in rates. The committee has now again entered
upon its work, and apparently with a new zest, under
the invigorating influence of Saratoga waters. Before
however noticing the newer features of the examina¬
tion, let us briefly recall the points we previously
A month ago,
discussed.
And in the first
place, in connection with the charge
that the rates for freight are not uniform, should we not
remember that there is no possible middle course
between a rate of so much per mile for distance run,
inflexibly uniform to all shippers and in all circum¬
stances, and a flexible practice which permits the special
contracts and differences complained of.
Those differ¬
ences may or may not be intrinsically indefensible, but
no attempt has been made to impeach them as such.
If
they are arraigned, however, not because alleged to
be unjust in terms, not because they have no right to
exist at all, then those who criticise the roads are shut
August
30,1879.]
THE CHRONICLE
have
no
tion
as a
real
211
bearing on the reorganized road in its pos
freight carrier now. The existence of specialrate contracts; with whom made and for what reason;:
the cost of hauling freight and the basis upon which
rates are computed; the combinations between roads—
these and other points of inquiry which have been
brought up, although loaded with a great number of
irrelevant questions, go to the marrow of the subject
but the turn the inquiry has been taking lately, con¬
cerning the English relationships and complications of
Erie, is not pertinent. Whether personal aims influ¬
ence this turn and, if so, how far, it is not incumbent to
consider here; it is objection enough that all this is both
irrelevant and confusing. It is more. It is exposed to the
imputation, which will inevitably attach to it, of being
suggested by motives which are improper at least in the
sense that they are not in the line of the investigation.
a river town which also has a railroad communication.
It is impossible to deny that there may be grounds for
Here the river makes the discrimination between the
river town and the inland one; the railroad does not such suspicion, when we reflect how vast and conflicting
make this difference, nor can it alter it; the railroad, in the interests involved are, how difficult it may be to
order to get a share of the traffic, simply puts its rates trace the influences which may be affecting a certain
down to meet the river rate. This fact of the unavoid¬ course in public matters, and how convenient a legislative
able competition by natural transportation routes again, inquiry, vested with the inquisitorial powers of a court,
interferes with the uniformity rule.
Thirdly, that rail¬ might be to the hands of influential parties, if there are
roads do business for some persons at less rates than for any, who have ends of their own to further.
It is at
others is nowise worse than the invariable practice of us least possible that such parties, having such motives,,
all in allowing concessions to large purchasers—it is exist; it is positively certain, at least, that the imputation
precisely the same thing. The railroad may be guilty of of such motives will arise. The sign that such ulterior
favoritism, but a charge that it is so is a thing to be put purposes may be working, and the occasion for surmising
to proof, and is a very different thing from asserting a it, is when an inquiry begins to be diverted; hence the
rule which requires large and small customers to be propriety of confining examination, strictly and unques¬
treated alike.
tionably, to its legitimate lines. But this one is not so
The investigation, of late, is taking action which confined. Doubtless, when the gentleman conducting;
does not give reasonable promise of practical usefulness. the examination gets a prominent party on the witness^
In the first place, there is quite too much of it and it is stand the temptation is almost irresistible to magnify
too protracted.
The proceedings of the first ten days his own position, and use the opportunity to ramble off
alone make an unfinished pamphlet of 717 printed pages. in a general fishing excursion for all sorts of informa¬
This inquiry seems no exception to the rule..
Whatever pertinent facts are discovered will be in danger tion.
of burial, in the mass of verbiage, and the jury—to-wit : It is ostensibly made by a legislative committee, but
the public outside of railroad men and shippers—to very little of the committee
appears in it ; w&
whose intelligent opinion the removal of whatever abuses see, instead, only the estimable professional gentle¬
are
shown to exist must be committed, will grow man who is pushing the matter, or, in the words
wearied of following for months a proceeding which of the chairman of the first meeting, “ who has charge
is so full of divergencies. These divergencies are them¬ of it.” It is in this way that so many legislative com¬
selves an objection of a more positive sort. The Assem¬ missions in this country fail to do any good, or to fin<L
bly resolution under which the committee are acting anything valuable which was not already notorious. In/
provided that a committee of five persons (four more the phrase of the day, they are run into the grounds
were added subsequently) be appointed, with the usual
They ramble all around and all away from the matter in
committee powers, “ whose duty it shall be to investi¬ hand ; the questioner takes the opportunity to ask the
gate the abuses alleged to exist in the management witness not only about the subject to be investigated,
of the railroads chartered by this State, and to inquire but about any other subject in which he takes an inter*
“into and report concerning their powers, contracts, and est; people who have axes to grind try to seize the
“
obligations; said committee to take testimony in the investigation, and not always without success ; and by
“
City of New York, and such other places as they may not sticking to the straight line of inquiry, and study¬
deem necessary, and to report to the Legislature either at ing to be compact, the resu’t is ti mally a great mass
the present or the next session, by bill.or otherwise, what, of so-called testimony which neither enlightens, nor
“if any, legislation is necessary to protect and extend convinces, nor has any influence.
The object of this inquiry is expressly defined in the
“the commercial and industrial interests of the State.’
We quote this because, while it outlines a liberal breadth resolution authorizing it—“ to protect and extend the
of inquiry, it also indicates a restriction.
“Abuses commercial and industrial interests of the State.’*
alleged to exist” is the phrase, not “to have existed”; Surely, if the inquiry, no matter how, is used to prac¬
the “powers, contracts, and obligations” mentioned, also tically embarrass the roads of the State, it will be per¬
refer to present time, and give no warrant for raking verted, and will be for the advantage of their competi¬
over the dead past.
It is easy to see that an investiga¬ tors. The rivalry is really not more between rail¬
tion of, say, the attempt to seize the Susquehanna road, roads than between the commercial cities which they
represent and to which they are wedded. Yet it is
or of any of the old chapters of Erie struggle, might b8
interesting in its way, but it would have no pertinency questionable whether the Central represents New York
to the transportation question to-day; similarly, attempts as fully as the Pennsylvania and Baltimore roads rep¬
resent Philadelphia and Baltimore; this is the most real
to sift the more recent transactions in the administration
taking their stand on the proposition that
rates
ought always to be uniform, based upon
distance run.
As opposing this rule, we made three
points: That, as cars earn money only while in
motion, a through car on a long run is subject to much
lighter charges, other than the mere physical cost of
hauling it in a train, than another car is which makes a
run of equal aggregate length, but in several links;
hence that through travel may pay better than way,
although at lower rates; or, to state it in another man¬
ner, that the cost of hauling a ton of freight one mile,
although readily averaged, is not a definite quantity, but
varies with circumstances. This is one point, and, if
well taken, it proves a uniform rule for all persons and
places to be impracticable. Second, there are some com¬
petitive advantages given by water routes, as in case of
up to
“
“
“
THE
212
CHROMCLE.
grievance against the former, bat this is the one on
which the least stress has been laid during this inquiry.
For example, coffee is worth 3 cents per 100 lbs. more in
Baltimore than in New York, because it is carried, as
fourth-class freight, at Baltimore for Chicago, at 3 cents
per 100 lbs. less than from New York to Chicago;
hence, the importer who finds he can get goods to the
West at a lower figure through Baltimore enters them at
that port instead of New York.
What our mer¬
chants have a clear right to insist upon in this matter is
that the natural advantages of New York shall not be
sacrificed or be endangered to meet any phases or
seeming requirements of railroad competition. To the
recognition of this the transportation problem must
ultimately come.
THE AIMS AND FRIENDSHIPS OF THE
IMPERIAL POWERS.
There has been
a rumor
for
some
time that the
friendly
relations between Russia and Austria and also between
Russia
and
| Vol.
XXIX,
empire of the Ilapsburgs was virtually ruled by the
Hungarian Magyar, the Magyars hated the Slavs, and
they were hated as well as dreaded by the Slavs in
return; it was natural enough, therefore, for Russia to
conclude that the
in possession of
the Government, and who were jealous of the Slavic
element ard fearful of the increase of its authority,
would oppose the occupation of Bosnia and Herze¬
govina. Russia, however, was deceived in this expecta¬
tion.
The occupation of the provinces which, if the
present plans are carried out, will ultimately beoome
part and parcel of the dominion of the Hapsburgs,
was never popular among
the Hungarians; but it is oertain that the Austro-Hungarian Premier, himself a Mag¬
yar, has successfully, so far at least, accomplished the
task assigned him at Berlin, and that the annexa¬
tion would place the Magyars in a decided min¬
ority, and make the Emperor less dependent upon
their support. There are but 5,000,000 of Magyars in
the empire which already, without the populations of
Bosnia and Herzegovina, comprises over 14,000,000
of Slavs.
It is also a significant fact that the Slavs,
including the Czechs of Bohemia, who have hitherto
taken no active part in the affairs of government, have
already been bestirring themselves, and taking an
interest in politics.
In the next parliament it is con¬
fidently expected that the entire Bohemian delegation
will be present.
It is this state of things more than any
other which accounts for the resignation of Count
Andrassy.' In the policy which he has inaugurated, and
which is certain to be maintained, he now finds himself
opposed to his own countrymen. Furthermore, it is
now seen also by the Russian Government
that by the
treaty of Berlin they have unconsciously assisted in the
creation of a rival Slavonic empire which, in the future,
will dispute with them the right to the territory south of
Hungarians who
were
Germany had been seriously disturbed.
now taken a more substantial
shape,
and various recent dispatches leave us in no doubt that
while Germany and Austria seem to have a common
understanding, their relations with Russia, at the present
moment, are other than friendly. In the same connec¬
tion the resignation of the Count Andrassy, chancellor
for the last eight years, and the announcement that the
Count will, on the occasion of his interview with Prince
Bismarck, assure the latter that the policy on which
Austria has entered will not be affected by his retire¬
ment, but that in case of need the friendship of Germany
and Austria will be proved by deeds, are important and
suggestive.
The true origin of this difficulty is to be found in the
Berlin treaty, and in the manner in which a certain sec¬
tion of that treaty has been carried out.
It was pro¬ the Danube. Austrian extension east means a check to
vided by Article 23 that the provinces of Bosnia and Russian extension south.
It remains to be explained why it is that while Russia
Herzegovina should be occupied and administered by
Austria-Hungary. It was distinctly stated, however, is pained and irritated by this policy of Austria, Ger¬
that the Government of Austria-Hungary did not wish many is not only well pleased, but willing and even
to charge itself with the administration of the Sandjak resolved to aid in securing for it final and complete
of Novi-Bazar, ti at the Turkish administration should success.
Austria, like Turkey, is composed of a heter¬
continue in force in that district, but that Austria- ogeneous population. There are the Germans of the two
Hungary reserved to itself the right, if the necessity Austrian provinces; there are the Italians of the Tyrol;
should arise, to establish garrisons and to maintain mili¬ there are the Czechs of Bohemia, and the Slavs of
tary and commercial routes over the whole extent of Carinthia, Croatia, Goricia, and South Styria, of North¬
that part of the ancient Vilayet of Bosnia. It was soon east Hungary and Dalmatia; there are also the Magyars
discovered that the necessity existed, and that to give of Hungary. In this age, when so much is being made
effect Jto the treaty of Berlin, by insuring the mainte¬ of race and nationality, it is inevitable that there shall
be something like a breaking up of this mass which is
nance of the new political condition as well as freedom
and security of communication, it was necessary to take wanting in the essential elements of coherence. It is
advantage of the rights received by the treaty, to occupy only natural that the Italian element of Austria should
the extreme southeast corner of Bosnia. The attempt to gravitate towards Italy; it is natural that the German
occupy has not yet been wholly successful.
It is, elements of Austria should gravitate towards Germany;
however, resolutely determined upon; and there can be and it is equally natural that, to preserve itself from
no doubt that, early next year, unless war
should mean¬ utter extinction, the empire of Ilapsburg-Lorraine should
while break out between Austria and Russia, Novi- change its base, and seek to extend and perpetuate its
Bazar and the entire surrounding country will be in power in other directions. This is precisely the situa¬
possession of Austrian troops, if not governed also by tion. Leaving the Tyrol question for the present
Austrian officials.
entirely aside, Bismarck is impatient to crown the edifice
A glance at the map will reveal at once the great of German unity. He wants the German-speaking prov¬
This has been his policy sinoe
importance of Novi-Bazar to the governing power in inces of Austria.
Bosnia. It is the great point of communication between Sadowa.
He has no wish, however, to see Austria crip¬
Bosnia and Turkey; and it is the commanding position pled, far less annihilated.
He is willing to assist her in
as against Montenegro on the one hand,
Servia on the her Eastern policy—all the more willing that the
other, and Turkey on the south-east. Evidently Russia success of that policy, while it will act as a check to
did not expect that Austria-Hungary would be able so Russian extension in Europe, will, at the same time, lead
easily to carry out her part of the programme. The to the consummation of his own long-cherished plans.
That
rumor
has
c
.
THE CHRONICLE
August 30, 1870.]
213
Annexed is a statement showing the present position of the
a man as
Bank of England, the Bank rate of discount, the price of con¬
Bismarck on her side, is but little likely to halt or hesi¬
sols, the average quotation for English wheat, the price of
This is the
tate in the work she has undertaken.
Middling Upland cotton, of No. 40 mule twist, fair second quality,
peculiar situation at the present moment. It remains to and the Bankers’ Clearing House Return, compared with the
be seen how events will shape themselves.
War is not three previous years:
1878.
1876.
1877.
1879.
a necessary factor in the case.
Austria, wiih Germany at her back, and such
Circulation, including
bank
|^tl0netavai®flmmcrcialguglisli 2Xcars
RATES'OF'EXCHANGE
AT LONDON AND ON LONDON
AT LATEST DATES.
post bills
Public deposits
£
29,589,451
5,521,668
31,296,820
Other deposits
Govemm’t securities. 16,802,194
Other securities
17,13S,716
Res’ve of notes & coin 21,156,638
Coin and bullion in
both departments
35,403,618
Proportion of reserve
to liabilities
56*98
Bank rate
2 p. c.
Consols
97*2
..
EXCHANGE AT LONDON—
August 15.
On-
Time.
Amsterdam.
Amsterdam
Short.
3 mos.
.
Rate.
EXCHANGE ON LONDON.
Latest
Date.
Time.
12 Short.
121*4 ©12*2*4
Aug.
123*2 ©12*4
25*47*2@25*52*2 Aug. 12 Short.
81iort,. 25*27 *2 S/25’37 *2, Aug. 12
3 mos. 25*42*2@25*47*ss
_
„
„
Antwerp
....
Hamburg
4
4
20*61
20*62
20*62
20*02
..
ii
44
4
Leipzig
8tPetersb’rg
Copenhagen.
•
44
24^@24*78
44
Vienna
44
Madrid
Cadiz .:
Lisbon
Gbnoa
44
@20*65
@20*06
©20*06
@20*66
18*48
11*85
@18*53
@11*90
4O58 2'407q
463t@47
52 @52*4
ii
90 days
3 mos. 28*35
New York...
Alexandria
Constan’ple..
30 days
Bombay
Calcutta
Hong Kong
@28*45
.
.
-
•
....
44
....
.
Shanghai....
12 Short.
12
3 mos..,
Aug.
Aug.
12
12
Aug.
12 Short.
Is. 8d.
Is. 8d.
....
......
....
1 From
our own
Aug.
Aug.
Aug.
Aug.
Aug.
12
14
14
12
12
4*82*2
96*2
mos.
139*43
Is.
Is.
mos.
8'}1(id.©l 8*4
8;iled.@l 8*4
3s. 83id.
mos.
correspondent.!
a
This week’s Bank return shows that the demand for money
has recently been upon a very limited scale. There is a falling
off of £330,669 in the total of “ other securities,”
reducing them
£17,138,716, and comparing with £18,960,419 last year. The
total reserve is now £21,156,638, against £8,912,764; and the
stock of bullion is £35,403,618, against £21,683,219 in 1878. The
proportion of reserve to liabilities is 56‘98 percent, against 55*89
per cent last week, and only 35*80 per cent last year.
There has been a fair demand for money during the week,
but there is a large supply seeking employment, and the rates
of discount remain easy at about 7/s per cent per annum for
three months’ bills. Short loans on Government security are
obtainable at
to 54 per cent.
The present quotations for
money are as follows:
to
Per cent.
2
Bank rate
Open-market rates—
and 60 days’
3 months’ b ills
bills,
45s. lOd.
97,909,000
continuance of the present brilliant
weather, the reaping of cereals will be pretty general, and if the
remaining weeks of summer and the early autumn should be
dry, the result of the harvest will not be altogether unsatis¬
factory. There will not be average crops of cereals, but it is
nevertheless remarkable how well they have withstood the
boisterous and inclement weather of spring and early summer*
The appearance of the wheat plant is, in many places, very
satisfactory; but the ears are deficient, and it is expected that
when the produce undergoes the process of threshing there
will be some disappointment. Barley will be a poor crop, but
oats promise to yield abundantly. A large quantity of hay has
been carted and stacked during the last week; the pastures are
luxuriant, and the root crops promise well. The position has^
therefore, improved considerably, and a more cheerful feeling
prevails throughout the country. Business has not been
active, but there is more confidence, and in the iron trade
especially there has been a return of animation. This is largely
due to the fact that the trade in the United States is reported
to be more animated, and the general condition of business is
such as to afford encouragement for the future. The autumn
trade in this country certainly promises to yield more satisfac¬
tory results than for some years past, hopes being entertained
that we have seen the worst of the protracted depression.
week, with
65s. 8d.
95°
86,136,000
The weather has been very favorable for the growing crops,
and in a few early localities harvest-work has been commenced.
a
2 p. c.
12*08
London, Saturday, August 16, 1879.
In about
44*00
2 p. c.
95
lO^d.
27*90
4
44
4
0
35*80
5
lOd.
116*60
47*40
44
6
34,605,976
9l4d.
Clearing-Housereturn 78,752,000
25*rtj
rnos.
•
25,606,877
Rate.
....
3
21,683,219
44s. Id.
....
Aug.
8,912,764
18.960.419
49s. 7d.
038(1.
20*52
Aug. 12 00days
Aug. 12 3 mos.
....
-
Aug.
28,950.345
5,490,302
28,644,306
15,459,133
15.967,890
Eng. wheat,
25*34
25*31
44
Berlin
Frankfort...
£
28,887,785
4,604,036
22,462,403
14,990,554
18,271,813
12,060,017
av.
price.
Mi<l. Upland cotton...
No. 40 mule twist
Ohed*
69,6d.
21,018,406
60*92
9638
6*4d.
10%d.
95.908.000
„
*4
Paris
Paris
£
£
28,100.467
3,534,304
21,000,831
14,967,178
Open-inarket rates—
Per cent.
4 months’ bank bills
1 *4©13g
6 months’ bank bills
13s@l%
4 & 6 months’ trade bills. 2 ©2*2
The demand for
ate
gold for export has been upon a very moder¬
some accumulation at the Bank.
scale, and there has been
The silver market has been decidedly firm, and
now worth 51%d. per ounce.
Mexican dollars are
fine bars
are
worth 50^d.
per ounce.
a better demand for the means of remittance
East, and the India Council bills were disposed of on
Wednesday at better prices than had been expected, viz., at
Is. 7 15-16d., against Is. 7%d. in the previous week..
There has been
to the
public sales of colonial wool were commenced on Tues¬
The arrivals have been large, viz., 332,045 bales. There
has been a fair degree of animation in the demand, and the
quotations have ruled firm.
The following are the current rates of discount at the prin¬
cipal foreign markets :
The
day.
f
Bank
rate.
Pr. ct.
o
Paris
Brussels
Amsterdam
Berlin
...
..
Hamburg
...
...
...
Frn.nkfort
Genoa."
Geneva
...
Pr. ct.
Bank
rate.
Pr. ct.
6
...
2*2
3*2
St. Petei-sburg
Vienna Sc Trieste
4
2
©2*4
4
2«e @2%
Barcelona
Lisbon & Oporto
New York
Calcutta
4
3
...
market.
1*2®134
2*8@23s
3*8@33b
4
4
I iO.ipzig
Open
2
2*4@2*2
3 ©3*2
Open
market.
Pr. ct.
4*2
5*2©0
4*e@43e
4
5
4
5
©5
@6
4
@4*«
Madrid, Cadiz Sc
....
Copenhagen....
6
4
©4*2
3
gentlemen who have consented to serve on the RoyaJ
on Agriculture have already had a preliminary
meeting. It is intended that a complete inquiry into the agri¬
cultural condition and prospects of the country shall be made
by means of sub-commissions. Four of these sub-commissions
will be set to work in England, two in Ireland, and one or more
in Scotland. It is also expected that two will be dispatched to
The
Commission
the United States.
invited by the Atlantic & Great Western
$2,500,000 in trustees’ certificates, bear¬
ing Rix per cent interest, to redeem certain eecurities,>pay off
certain debts, and generally to remove the line from the
incubus of receivership. The bonds are of 500 dollars (£100)
each, and the issue price is 90, payable five per cent on applica¬
tion, 10 per cent on allotment, 20 per cent on the 15th October*
25 per cent on the 15th December, and 30 per cent on 15th
January.
Subscriptions
are
Railroad Company for
The proceeds of the preseat issue will be specially deposited iu the
hands of the trustees, under a deed of trust securing the application of
the money only for the purposes named in the present prospectus. The
£500,000 certificates now* issued will l>e exchangeable as soon as prac¬
ticable after the formation of the new company for Prior Lien Bonds of
that company, the security for which will be: 1. A first charge upon
the property and road of the Atlantic <fc Great Western Railroad Com¬
2. A first charge upon the
pany situate in the State of New York.
property and road of the Atlantic Sc Great Western Railroad Company
situate in the State of Pennsylvania. 3. A first charge upon 141-388
parts of the valuable lease of the Cleveland Sc Mahoning Railroad. 4.
A second charge upon the property and road of the Atlantic & Great
Western Railroad Company situate in the State of Ohio, and upon 247-
388 parts of the Cleveland & Mahoning lease. As soon as the Ohio
mortgage shall have been extinguished, the Prior Lien Bonds will become
a ttrst charge on the entire property and the whole of tiie Cleveland Sc
Mahoning lease. The length of the line situate in the States of New
York ami Pennsjdvanla is about 175 miles, and in the State of Ohio 247
miles. The tru>tees, acting as they do in their trust capacity, will not
of course l>e personally responsible either for the principal or interest of
the present issue. Tlie total amount of the above Prior Lien Boncls
Issue will be limited to £1,600,000 or 8.000,000 dollars. The £1,100,000 (5,500,000 dollars) remaining after tho exchange of the present
issue will only be issued for the purposes of the re-organization, and for
objects proportionately increasing the security upon which they are
based. These objects are mainly: The extinguishment of
^age, the narrow-gauging of the road, tlie provision of
suitable rolling stock, and the improvement of the road.
the Ohio mortr
stool rails and
prospectus has been issued this week of the New South
Mortgage Loan & Agency Company, limited, with a capi¬
The rates of interest allowed by the joint-stock banks and
tal
of
£1,000,000, of which a moiety is to be first called up.
discount houses for deposits are subjoined:
This class of undertaking has been very successful, the Austra¬
J ©mt-stock banks
i
lian Mortgage Land Company paying 15 per cent per annum ;
Discount houses at call
ig
*' with 7 and 14 days’ notice of withdrawal
do
% New Zealand Loan & Mercantile Agency, 15 per cent; Scot-
A
Wales
THE CHRONICLE
'214
[Vol. XXIX.
and the Trust & Agency produce into and from the United Kingdom since harvest, viz.,
from the 1st of September to the close of last week, compared
of Australia, 20 per cent.
Mr. James McHenry has presented a petition for the liquida- with the corresponding period in the three previous seasons:
IMPORTS.
tion of his affairs in the London Bankruptcy Court. His liabil¬
1876-7.
1878-9.
1877-8.
1875-6.
±ish Australian Investment, 11 per cent;
estimated at£960,000.
Mr. Gladstone has addressed this week
ities
are
a
local school of art at
trade, observed:
line when, from what¬
Chester, and with regard to the condition of
“
It is
quite evident we are passing a
the commerce of this country will have, at any rate
for a period, a severe struggle to maintain itself, and conse¬
quently it is desirable that we should husband and enlarge all
our means for the struggle.
For that reason those who are
concerned in industrial production ought to review carefully
the manner in which they have been working, and consider
whether it is in all respects such as it ought to be. I believe
myself they will find great room for amendment—very general
room for amendment—in a great many branches.
I am going
to give an opinion which my sense of duty and long experience
in public life, which has placed me in very close relation to the
great industries of the country, enables me to do—an
opinion which has been originally suggested and long
ever
ago
cause,
my mind—namely, that an Englishman
man in
the business of production when
formed in
marvelous
.a
Wheat
cwt.47,780,339
52,459,167
42,845,437
Barley
9,879,100
13,751,721
12,358,454
Oats
Peas
Beans
Indian
Flour
is
he
com
8,591,843
the market. There is no doubt England
able for cheapness of production, but in
8,025,490
12,033,524
1,457,226
3,041,432
30,865,252
6,013,571
11,680,997
1,292,696
4,380,023
32,939,246
6,382,171
EXPORTS.
1878-9.
cwt.
Wheat
Oats
Peas
Beans
Indian
com
Flour
883,540
814,873
1,557,075
107,850
Barley
1875-6.
1876-7.
1877-8.
1,576,601
239,785
166,100
90,202
24,267
50,862
-62,981
112,968
20,019
20,292
96,240
27,679
17,893
518,191
87,054
23,637
31,727
500,833
48,200
•
356,450
38,754
10,755
49,814
30,522
The following return, compiled from official sources, shows
the extent of our imports of wheat and flour during the present
and last three seasons; also the countries whence those supplies
were
derived:
WHEAT.
1877-78.
Cwt.
8,416,753
8,655,187
27,285,141
3,297,088
From—
Russia
8,471,109
20,697,981
3,096,214
9,015,240
15,295,450
1,166,348
3,314,925 '
4,035,495
243,421
1,045,694
1,827,070
3,846,359
1,387,485
4,358,535
1,443,007
2,465,367
3,497,212
50,905,010
40,007,966
48,901,100
5,447,225
1,017,957
1,198,302
1,479,840
547,471
61,103
182,596
2,504,393
2,341,486
539,405
has been very remark¬
1875-76.
Cwt.
1876-77.
Cwt.
1878-79.
Cwt.
put under pressure, but if he is not put under pressure United States....25,620,648
apt to grow relaxed and careless, and is satisfied if Brit. N. America 2,736,674
3,989,782
he can produce things that will sell.
He has not got as Germany
France
11,985
much as he ought to nave of the love of excellence for its own Chili
396,280
sake. Now, depend upon it, there are those who will say it is Turkey, &c
156,817
.a very visionary idea to promote love of excellence for its own
Egypt
807,759
British India....
657,045
sake, but I hold it is not visionary at all; for, depend upon it, Other countries.. 1,980,928
every excellence that is real, whether it relates to fertility or
44,774,071
Total.,.
beauty, has got its value, and it is an element of strength in
is
is
11,941,270
1,822,829
2,704,394
36,645,306
7,750,816
11,251.312
1,550,169
1,670,208
37,018,566
52,917,546
FLOUR.
1877-78.
1876-77.
1875-76.
1878-79.
this a formidable rival
From—
Cwt.
Cwt.
Cwt.
Cwt.
is now springing up in America.
America, however, has been Germany
794,665
1,284,228
976,081
817,394
taken with a fever of what is called protection, and so long as France
1,159,350
315,700
916,739
1,876,024
3,052,491
1,582,816
2,185,092
America suffers from that fever English manufacturers will not United States.... 4,922,421
337,765
151,131
364,764
294,688
have a great deal to fear from American rivals; but when she Brit. N. America
Other countries.. 1,932,723
2,104,776
1,679,141
1,137,145
learns to trust entirely to her own splendid national resources,
Total
the great genius of her people, their marvelous proficiency in
6,265,193
5,593,669
8,330,273
7,695,909
Annexed is a return showing the value of cereal produce
labor-saving contrivances, in which they are ahead of the whole
world, then America will be a formidable competitor. But imported into the United Kingdom during the present and past
what you have now to contend against is not competition with three seasons—viz., from September to July inclusive:
America, but limitation of markets.
You are met on every
side with hostile tariffs, and you want to bound over these
tariffs and get within them. For that purpose the British pro¬
ducer must consider the solidity of his work and its homely
qualities, and endeavor to make it in the first place a true work
and divest it of all falsehood and sham; for though the impos¬
ture may last for a little while, the effect is ultimately to
destroy reputation, to take away confidence, and to re-act most
injuriously upon those who have attempted to trick. But
apart from that, I have the strongest conviction of this: that all
along English industry has been defective in matter of beauty.
£21,991,001
£30,557,782
Barley
3,820,575
3,583,265
5,577,941
Oats
Peas
Beans
Indian
Flour
Total
£26,166,270
£23,829,093
551,460
575,429
9,357,098
6,530,976
4,158,170
718,522
1,018,799
11,425,538
6,974,232
£46,409,804
£61,430,984
corn..
1875-76.
1876-77.
1877-78.
1878-79.
Wheat
3,222,516
4,214,891
613,537
4,725,356
4,540,300
-
538,439
1,547,579
9,803,451
5,530,841
1,565,392
9,717.323
4,486,862
£50,575,059
£49,983,791
Engliali Market Reports—Per
Cable.
daily closing quotations in the markets of London and
The quality under which we generally hear the important Liverpool for the past week, as reported by cable, are shown in
element described is taste.
Taste is nothing in the world the following summary:
London Money and Stock Market.—The bullion in the Bank
except faculty which devises according to lines of beauty,
^executes according to lines of beauty, and judges according to of England has decreased
£531,000 during the week.
Fri.
Thurs.
lines of beauty. The French standard of taste in production is
Wed.
Tues.
Mon.
Sat.
Aug.23. Aug.25. Aug.26. Aug.27. Aug.28. Aug.29.
very much higher than in the productions of this country, and,
511a
51ic
51%
5134
it, it is the taste of the French which fetches the
pnce in the market, as well as other qualities they possess,
which has immensely contributed to give France its veiy high
place in the commerce of the world. It is well known that at
•depend
upon
this moment she is, and has been for some
time, the second
country in the world in exports.”
The
5134
d. 5134
Silver, per oz
971516
97l»ie
Consols for money
Consols for accoimt
U. S. 5s of 1881
U. 8. 4igs of 1891
U. S. 4s of 1907
&
1051c
10818
'-3
Erie, common stock
y
:
*
Illinois Central
97016
9713x6
9711x6
9711x6
9713x6
9711x6
9711x6
1053s
1053s
1077s
10778
1045s
26q
1053s
10810
1045s
253s
1043s
1043s
2514
90
90
90
2470
1045s
42'
a
2530
89ic
4214
89
42ic
42H
:
depressing effect upon Pennsylvania
19
19%
19%
2014
Philadelphia* Reading.
:
the wheat trade, but home supplies are short, and prices have
-See
special report on cotton.
Liverpool Cotton Market —
not as yet declined to any important extent. The tendency,
Liverpool Breadstuffs Market.—
Thurs.
Wed.
Tues.
Mon.
Sat.
however, is strongly in favor of buyers, the American and Con¬
8.
d.
s.
d.
s.
d.
d.
s.
d.
s.
tinental markets being reported weak.
23 6
23 6
23 6
23 6
Flour (ex. State) $ bbl.. 23 6
8 9
8 9
8 9
8 10
8 10
During the week ended Aug. 9, the sales of home-grown wheat Wheat,spr’g,No.2,1001b.
8 3
8 3
8 3
8 3
Spring, No. 3...
“
8 3
8 11
8 11
8 11
8 11
in the 150 principal markets of England and Wales amounted
Winter,West.,n.
“
8 11
9 0
9 1
9
1
9 2
new
“
9
Southern,
2
to 15,857 quarters, against 34,400 quarters last year; and it is
9 0
9 0
9 0
9 0
“
9 0
Av. Cal. white..
9 8
9 8
9 8
9 8
“
9 8
California club.
estimated that in the whole kingdom they were 63,500 quarters
4 8
4 8
Cora, mix.,West.$ cent’l 4 8I2 4 8*a 4 8
against 137,600 quarters in 1878. Since harvest the sales in the 150
Liverpool Provisions Market.—
Thurs.
Wed.
Tues.
Mon.
Sat.
principal markets have been 2,454,674 quarters, against 1,176,442
s.
d.
8.
d.
d.
s.
d.
8.
8.
d.
quarters; and it is estimated that in the whole kingdom they Pork,West.mess..$bbl.48 0 48 0 48 0 48 0 48 0
26 0
26 6
26 6
26 6
have been 9,818,700 quarters, against 7,905,800 quarters in the Bacon, long clear, cwt. .26 6
26 6
27 0
27 0
27 0
Short clear
“
27 0
corresponding period of last season. Without reckoning the Beef, pr. mess, $ tierce
31
0
31 6
31 0
31 6
prime West. <$cwt.31 6
supplies furnished ex-granary at the commencement of each Lard,
30 0
30 0
30 0
30 0
Cheese, Am. choice “ 30 0
season, it is estimated that the following quantities of wheat
London Petroleum Market.—
Thurs.
Wed.
Sat.
Tues.
and flour have been placed upon the British markets since
Mon.
d.
d.
The fineness of the weather has had
979x6
105!c
IO8I4
....
.
-
19ifl
1
*
Fri.
23 6
8 9
8 3
8 11
9 0
9 0
9 8
4 8
.
Fri.
48
26
26
0
0
6
30
30
0
9
-
harvest:
1878-9.
Imports of wheat.cwt.47,780,389
Imports of flour
8,591,848
Sales
of
-
1877-8.
1876-7.
1875-6.
52,459,167
7,750,816
42,845.437
6,382,171
52,917,546
6,913,571
.42,548,600 33,183,250
34,462,000
35,518,000
home-grown
produce....,
PetTeum, ref. 3? gal... @
Pet’leum, spirits “ .. /2>
..
..
6i©@6i4
..
'a)
Fri.
d.
d.
d.
d.
--
..
'cD
..
7 ,8)712
.
.
.'ft...
@
.
..
@
.
.
'cD
..
...
..
..
..
®
..
©0mmercialamXmiscjellatie0Us^cws.
Week.—The imports of last
compared
with
those
of
the preceding week, show
exports
wheat and flour
1,647,277
863,073
914,062 a decrease in both dry goods and general merchandise.
The total imports were $6,512,315, against $7,427,788 the pre¬
Result
...97,178,136 91,745,956 82,826,535 9,5,535,055
nri/>o
T?ntrlioli
ceding week and $5,509,251 two weeks previous. The exports
54s. 2d.
wheat for the season. 41s. 3d.
50s. 2d.
45s. lid.
for the week ended Aug. 26 amounted to $6,211,377, against
The following figures show the imports and exports of cereal $7,082,345 last week and $6,979,850 the previous week. The
Total
9S,920,837
of
1,742,701
Deduct
nf
93,393,233
83,689,603
94,449,117
Imports and Exports for the
week,
August
THE CHRONICLE
80,1879. j
215
Insolvent Banks.—The Comptroller of the Currency has;
following are the imports at New York for the week ending
(for dry goods) Ang. 21 and for the week ending (for general declared the following dividends to the creditors of insolvent
national banks during the month of August: First National
merchandise) Ang. 22:
Bank of Balias, Texas, first dividend, 10 per cent; Lockhaven
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
National Bank of Lockhaven, Pa., sixth dividend, 10 per cent,,
1877.
1878.
1876.
1879.
Dry Goods
$2,000,620 $2,126,058
$1,706,822 $2,122,138 making in all 60 per cent; People’s National Bank of Helena,
General mdse...
2,724,061
3,426,000
3,225,478
4,390,177
Montana, first dividend, 15 per cent; First National Bank of
Total week
$4,724,681
$5,552,058
$4,932,300
$6,512,315 Ashland, Pa., second dividend, 25 per cent and interest, making
in all 100 per cent and interest; Atlantic National Bank of New
Prev. reported.. 190.694,212 215,790,359 181,862,612 196,694,766
York, fifth dividend, 5 per cent making in all 90 per cent. The
Tot. s’ce Jan. 1..$195,418,893 $221,342,417 $186,794,942 $203,207,081
following
dividends to creditors will also be paid as soon as the
In onr report of the dry goods trade will be found the imports
necessary schedules can be prepared: German National Bank,
of dry goods for one week later.
of Chicago, Ill., first dividend, 25 per cent; National Bank of"
The following is a statement of the exports (exclusive of the State
of Missouri, St. Louis, Mo., fifth dividend, 20 per
specie) from the port of New York to foreign ports for the cent, making in all 70 per cent; National Bank of Poultney^
week ending Aug. 26:
Vt., first dividend, 25 per cent; and the following dividends to
EXPORTS FROM NEW YORK FOR THE WEEK.
shareholders of insolvent national banks, 100 per cent and
1876.
1877.
1878.
1879.
For the week....
$5,163,132' $4,867,276
$7,011,880
$6,211,377 interest having previously been paid to creditors : Farmers*
National Bank of Platte City, Mo., first dividend, 13 per cent;
Prev. reported.. 164,609,192 170,670,334 216,311,605 204,867,763
Commercial National Bank of Kansas City, Mo., third dividend,
Tot s’ce Jan. 1..$169,772,324 $175,537,610 $223,323,485 $211,079,140
11 per cent, making in all 31 per cent.
The following will show the exports of specie from the port
—For the information of investors Messrs. Fisk & Hatch have
of New York for the week ending Aug. 23, 1879, and also a
issued during the past week a circular, giving the rate of
comparison of the total since January 1, 1879 with the corre¬
interest to be realized per annum—at present prices, and taking
sponding totals for several previous years:
into consideration the dates Of maturity—on the various issues
AUg.
20—Str. Colon
Aspinwall
Am. gold coin.
$2,100 of Government bonds now outstanding.
We extract below
London
23—Str. Neckar
Am. silv. bars.
50,000 their remarks about the 5s of 1881, and the 4s of 1907.
“Fives o/1881.—These bonds, amounting to $508,440,350, willTotal for the week ($50,000 silver, and $2,100 gold)
$52,100
be
redeemable at the pleasure of the Government after May 1,
Previously reported ($9,885,612 silver, and $1,942,768 gold).11,828,380
1881.
It is not probable that any of them will be redeemed
123098——SStctrrb..
18760.
Tot. since Jan.1/79 ($9,935,612 silver, and $1,944,868 gold) .$11,880,480
Same time inSame time inSame time in1878
$40,977,110 1870
$45,226,452
$10,150,973 1874
1877
40,040,325 1869
22,669,030 1873
24,882,445
1876
56.542,170 1868
39,135,282 1872
64,379,144
1875
53,814,096 1867
39,905,963
61,877,998 1871
The
been
imports of specie at this port for the
as
follows:
Aug.
C. of New York. .Liverpool
B. J. Willard...Laguayra
same
periods have
$523,076
Gold bars
Am. silver
695
until after all the Sixes of 1881 have been called in.
In case they should all be redeemed by August, 1881, they
would from this time draw eight quarterly instalments of in¬
Deducting the present
per cent.
per cent, there remains 7^6 per cent net inter¬
est on the investment forone year and eleven months.
As the
simultaneous redemption of so large an amount of bonds at
one time is not likely to take place, it may be expected that, if
their redemption should be commenced at that time, the aver¬
terest, amounting to 10
premium,
say
2/6
time for which they would run would be six months longer,
until
February, 1882, by which time they would earn 12?6
Trade dols
cent, which would leave, as net income from the invest¬
Lessing
Foreign gold...
Hamburg
300,115
Abyssinia
Liverpool
Gold bars
243,325 ment, 10 per cent for two years and five months. Should it re¬
21—Str. France
Liverpool
..Gold bars
581,509 quire from six months to one year to complete the redemption
221
22—Str. Alps
Aspinwall
Am. silver.
of the Sixes ’81, so that the Fives should run, on the average,
22— Str. Morro Castle
Havana
Am. silver.
4,000
379,000 until say August 1,1882, they would earn in that time 15 per
Foreign gold..
cent. Deducting the present premium, say 2/6 per cent, there
22— Bark Curacoa
Curacoa
Am. silver
732
Am. gold
539
would remain 12^6 per cent net income on the investment for
Andes
480
Aspinwall
Gold dust
two
years and eleven months, or about 4% per cent per annum.
23—Str. Main
Gold bars
Bremen
145,995
“Four Per Gent Bonds.—These bonds, comprising the princi¬
Total for the week ($7,148 silver, and $2,176,811 gold)
$2,183,959 pal funded loan of the United States, and the only bonds hav¬
Previously reported ($5,583,584 silver, and $1,968,244 gold). 7,551,828 ing over 12
years to run (except the Currency Sixes), are redeem¬
able at the pleasure of the Government after July 1, 1907, and
Tot. since Jan. 1/79 ($5,590,732 silver, and $4,145,055 gold).$9,735,787
therefore have 28 years to run. As they are now selling at but
Same time in—
Same time inSame time in—
1878
$3,898,430
$7,682,033 a fraction over par and accrued interest, the premium, spread
$14,568,902 1874
1877
3,024,393 1869
8,426,583 1873
9,847,241 over so
long a period, is unappreciable, and they pay substan¬
1876
3,296,577 1872
2,877,031
5,529,784
tially 4 per cent on the investment, with no chance of a reduc¬
1875
8,315,020 1871
7,585,801
Am.
gold
2,118
Foreign gold...
Canal Tolls
Business.—Mr. G. W.
654
1,500
Schuyler, the Canal
Auditor, furnishes the following comparative statement, showing
the total quantity (in tons) of each article cleared on the canals
from Aug 15 to Aug. 22, inclusive, 1878 and 1879:
and
1878.
Articles.
1879.
Tolls
$40,316 $39,867
Total miles boats
cleared
297,784 329,090
Articles.
Boards& scantling
Shingles
Timber
Staves
Wood
Ashes, pot & pearl
*A8lies, leached...
♦Pork
♦Cheese
Tons.
Tons.
51,126
408
312
1,531
1,602
1,051
2,372
336
1,725
Cast’gs & iron w’re
574
5
• •• -
•
-
43
9
Com
♦Com meal
Oats
Bran & ship stuffs.
Peas and beans...
Apples
Potatoes
♦Dried fruit
’■'Cotton
*Unmanuf. tob—
..
♦Hemp.-
330
2
4
2,036.
1,431
75
Domestic salt
6,148
5,605
131
38
1,019
2,509
512
583
16
133
124
224
54
445
Molasses
61
'Coffee
14
Nails, spikes, and
Iron and steel....
37,229] 43,370
enamel,
Flint,
crock’ry, glassw.
90
33
38
All other mdse....
Stone, lime & clay
Gypsum
4
1
Anthracite coal...
Bituminous coal..
Articles marked thus
17
3
25
451
155
♦Clover & gr’s seed
♦Flaxseed
7
130
11
3
5
1,142
21,997
2,519
101
91
14
4
217
30
16
10
Tons.
♦Domestic cottons
111
2,042
Tons.
♦Domestic w’lens.
Foreign salt..—
Sugar
1
8
1879.
555
52
330
239
29,679
2,511
5
970
Barley malt
Domestic spirits.
45,188
*Lard, tallow, and
Rye
*
♦Oil meal & cake..
‘Leather
Furniture
♦Bar and pig lead.
Pig iron. ..:.,
Bloom & bar iron.
mmmm••
lard oil
♦Wool
Hides
*Flour
Wheat
♦Hops
1878.
horsesboes
Railroad iron
11
Iron ore
Petr’leum
456
3
16
45
or
earth
oil, cr’de £c ref’d.
Sundries
Total tons
1,623
60
138
2,298
6,189
5,005
5,175
498
674
22,162
10,945
19,980
5,032
10,825
9,428
1,354
7,814
—The firm of Lawrence Brothers & Co. is one of the wellknown stock brokerage houses of this city, haying been in
business under the present firm style for over thirteen years,
and each of the firm being members of the New York Stock
197,171 190,857
They recently published the following card in the
Exchange.
New York Times:
Wednesday, Aug. 27,1879.
To the Editor of the New York Tim’s:
.
Recent publications in your valuable paper have called atten¬
tion to the operations of certain persons styling themselves
“
bankers,” and advertising
extensively throughout the country
making money by speculation in stocks through
“combinations, pools, puts, calls,” &c.
Numerous letters
received by us from various quarters indicating that from a
similarity of names we have been erroneously supposed to be
engaged in this description of business, we think it proper to
state that the undersigned are not the firm of “ Lawrence & Co.,”
doing business near tne comer of Broad street and Exchange
place, and that we have no connection with them whatever.
schemes for
This announcement is probably unnecessary for the informa¬
tion of members of our own community, but to prevent persons
at a distance from being misled, we desire to give it publicity
through
your
6,283
)
columns.
Lawrence Brothers & Co.,
No. 31 Broad street, New
York.
—Investors desiring to purchase shares in mining enterprises
invited to give their attention to the eleven mines now for
the first time put before the New York public by Mr. Wm. O.
are
are
in the “Free List.”
the Wabash has been effected, the papers
having been signed a
days since. The contract is for ninety-nine years, The
Quincy Missouri & Pacific Company, by this agreement, is to
build the road from its present terminus, within four miles of
Milan,, to the Burlington*& Southwestern Road, and from that
point the Wabash will push it westward to the Missouri River
as
rapidly as circumstances will permit.
tion in the rate of interest for 28 years.
“
For long and permanent investment for Institutions,Trustees,
Executors of Estates, and private investors, who wish to avoid,
the necessity of replacing their investments after short periods,
and for banking purposes, the four per cents will be the popu¬
lar Government loan.”
13
Quincy Missonri & Pacific.—The lease of this railroad to
few
age
say
per
McDowell, Banker and Stock Broker, No. 17 Cortlandt street.
Mr. McDowell is associated with his brother, Mr. F. H. McDowell,
who is
an
experienced mining engineer.
Prof. Raymond, it is
said, concurs in the opinion of the value of the mines now
offered, having known and reported upon them when employed
m the U. S.
Government Surveys. Ores to the value of
$62,648 66, it is reported, have already been taken out of a
single claim. The shares are offered at $1 50 per $10 share.
THE
216
CHRONICLE
{Vol. xxix
■
United States
J'hc ^Bankers' dkiectte.
Bonds.—-Government
>■
■
have
securities
——
been
The irregularities in
tolerably steady on a moderate business.
money naturally interfere to some extent with large purchases.
"nXtwnXlIbinbsorganized.
Some reports that came from parties well informed state that
The United States Comptroller of tlie Currency furnishes the upwards of $5,000,000 bonds are nowon the ocean, shipped from
following statement of National Banks organized the past week: London to this market. The remarks of Secretary Sherman,
2,420— First National Bank of Whitehall, Michigan. Authorized capital, quoted above, are of interest as to the transactions in called
$50,000; paid-in capital, $50,000.
Carletou A. Hammond, Cashier.
Isaac M. Weston, President;
Authorized to commence
August 21, 1879.
business
Authorized
2,430—City National Bauk of Holyoke, Massachusetts.
capital, $200,000; paid-in capital, $200,000. Joseph C. Par¬
sons, President; Edwin L. Munn, Cashier.
Authorized to
commence business August 22, 1879.
(I
The following
Name of
I
V
I
U
DM.
E N
dividends have recently been announced:
Company.
Books Closed.
When
Per
Cent.
(Days inclusive.)
Payablo.
Railroads*
3
Middlesex Central
Rome & Cliutou
3%
FRIDAY, AUGUST 29,
The money
market worked
1879—5
P.
M.
Market and Financial Situation.—The money
very
closely until Thursday, when rates became
easier, and so remained to-day. The experience of the present
month, together with the known facts that the bond settlements
are
to be
completed by October 1, and that the abundant crops call
large amount of money to move them, can hardly fail to
have a certain effect in inspiring a cautious feeling as to the rates
for money during September, although anything like stringency
in the market comes now as a decided novelty.
Mr. Sherman, in bis Cincinnati speech, refers more definitely
to the bond transactions of the Government in August and for
September than any published statement had previously done,
and so far as his remarks contain precise information they are
pertinent to our report. He says:
for
a
“When, however, the refunding operations ceased, on the 21st of July,
it was the desire of the Treasury Department to close the loan accounts
practicable. Believing that the called bonds would be pre¬
sented by the 1st of September, I directed the Treasurer to draw upon
the depository banks for the money as fast as needed to meet the
called bonds, and at all events to close these accounts from September
1 to the 15th, aud he was acting on this order when I returned from the
North early in August, aud under it over $300,000,000 called bonds
were paid for, but the called bonds had not been presented as antici¬
as soon as
pated.
On the 13th of August the amount of called bondB outstanding
about $65,000,000; but only about $38,000,000 remained ou deposit
with the national bank depositories.
Over $16,000,000 in excess of the
sum wanted to meet the payment of called bonds had been withdrawn
into the Treasury from the market, with a view to closiug the loan
account.
“At the time stated, general complaint was made that this operation
was
injuriously affecting business; was advancing the rate of interest,
and was necessaril}' draining legal tenders from the market.
To meet
this condition of affairs, upon the advice of the Treasurer at Washing¬
new 4 per cents.
Closing prices at the N. Y. Board have been
bonds and
Interest
Periods.
reg. J.
coup. J.
reg. J.
J.
Gs, 1880..
6s, 1880..
6s, 1881..
6s, 1881..
5s, 1881..
5s, 1881
4%s, 1891
4%s. 1891
4s, 1907..
4s, 1907..
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
..
reg.
coup.
reg.
coup.
reg.
coup.
189 5.. reg.
1896.. reg.
1897.. reg.
1893.. reg.
18 99.. reg.
*10414
102
101
10078
J.
J.
J.
J.
J.
J. *121
J. *12114
J. *121is
J. *121%
J. *122
&
&
&
&
&
Aug.
28.
„
Aug.
29.
*103% 103%
*103% 103%
*104% 104%
-104% 10438
101% *102% *10238
102%
1017c 102
*10334 104% *104%
*10478 *105% 1053s
100% 101
101%
100% 100% 101%
-121
*120% *121
*120% *121% *121%
*120% *121% *122
*120% *121% *122
*120% *122
*122%
103% *103% *103%
103% 10338 *103%
1043s *104% *104
10414 *104% *104
*103%
*103%
*104i4
1007e
102
*121
100%
10078
*121
*121% *121
*121% *121
*122
*122
*121
*121
*
This is the price bid; uo sale was made at the Board.
The range in prices since January 1, 1879, and the amount
of each class of bonds outstanding Aug. 1, 1879,
were as
follows:
Amount
Range since Jan. 1,1879.
Lowest.
6s, 1880-1..cp.
5a, 1881
cp.
4%s, 1891..cp.
4s, 1907
cp.
6s, cur’ncy.reg.
*
Highest.
Attg. 1, 1879.
Coupon.
Registered.
$78,240,250
241,338,650
83,949,650
166,050,350
448,589,800 *280,142,950
23 $204,496,100
15 267,101,700
103% Aug. 29 107% June
1017a Aug. 27 107% Jan.
104
Men. 21 108
May
99
Apr.
1 103% May
119% Jan.
4 128
May
21
21
31
64,623,512
Refunding Certificates
This amount does not include $6,058,350 of
outstanding on Aug. 1.
Closing prices of securities in London for three weeks past and
since Jan. 1, 1879. were as follows:
the range
Aug. Aug. Aug.
15.
29.'
22.
Range since Jan. 1, 1879.
Lowest.
Highest.
105% 105% 105% 105
July 16 109s£ Jan. 4
x08% 108% 108% 106% Mch. 24 110
May 2
Mch. 26 105% May 22
104% 104% 104% 101
U. 8. 5r of 1381
U. S. 4%s of 1891
U. 8. 4s of 1907
State aud Railroad
been very
nessees
Bonds.—Dealings in State bonds have
Louisiana consols are dull at 37@38. Teninactive, with a difference of about 3 per cent
limited.
also
are
the range
new issues.
Railroad bonds have been moderately
active at prices generally
The New York Lake Erie & Western second consoli¬
dated have been much the most active, and after declining to
70$, sharply re-acted, and closed to-day at 73|.
Messrs. A. H. Muller & Son sold the following at auction :
Shares.
|
Shares.
80 Broadway Bank
5 Ninth Nar. Bank
60 Amer. Express Co
21 U. 8. Express Co
215% I 20 Phenix Ins. Co., Brooklyn.115
80
| 7 N. Y. Equitable Ins. Co., V
455i I
$35 each
170
42% |
Closing prices of leading State bonds for two weeks past, and
since Jan. 1, 1879, have been as follows:
44
closing the 5-20s, and the First National Bank made the subscription of
$121,000,000, closing the 10-40s; and these being the last subscriptions,
are naturally the last drawn upon.
I have received a statement of the
balances on the evening of Saturday last (August 23), showing thatthe
amount of outstanding called bonds unpaid was then $48,952,253 61.
The amount of deposits with national banks, the proceeds of bonds sold,
was $32,947,613 51.
For all of this the Government is secured by a
deposit of a large amount of United States bonds.
Where four per
centum houds are taken as security, an additional margin of five per
2/.
101
Department of March 26 is modified accordingly. Very respectfully.
John Sherman, Secretary.
The statements that this was done to relieve the banks or to help any
one, or that I had ever been or was interested in any bank, are simply
false, and made without foundation or excuse, but as a political sensa¬
tion.
The reason why the unsettled-accounts are with the First
National Bank and the National Bank of Commerce of New York is
the $40,000,000 subscription
Aug.
26.
Q.-Jan.
steady.
because the Bank of Commerce made
Aug.
25.
Q.-Jau.
York, I issued this order;
“Treasury Department, Aug. 13, 1879.
“
The Hon. James Gilfillan, Treasurer of the United Slates:
Sir: With a view to closing as soon as practicable the accounts of the
Department with depository banks on loan account, without unnecessary
disturbance of the money market, or the withdrawal of legal tender from
the current business, you will please receive from such depositories in
payment called bonds, to be credited when passed through the loan
division. You will require from such depositories sufficient money, in
addition to the called bonds credited, to meet all demands for the pay¬
ment of the called bonds, so as to insure the withdrawal of all deposits
The letter of the
on loan account on or before the 1st of October next.
“
Aug.
23.
*1017e
Q.-Feb. 1021s *102
Q.-Mar. *l037s *1037a *103%
10.>i8 105
Q.-Mar. *105
between the old and
44
J.
J.
J.
J.
follows:
Aug.
Q.-Feb. *10218
was
ton and the Asssistant Treasurer at New
&
&
&
&
as
Aug.
States.
Aug.
29.
22.
38%
Louisiana consols
Missouri 6s, ’89 or '90
North Carolina 6s, old
Tennessee 6s, old
106
*23 ‘
Virginia 6s, cousol
*80
30%
*37
Lowest.
36
103%
Highest.
Jan.
6
July 24 69
Mch. 5 107% June 10
Feb.
8 257a June 14
*22%
*30%
18
30
*80
73% June 20
4134 Apr. 29
79% Jail.
3
do
do
2d series.
District of Columbia 3-G5s...
*
Range since Jan. 1, 1879.
84%
Aug. 20
Feb. 13
73% June 20
44
Mch. 28
42
88% May 23
This is the price bid; no sale was made at the Board.
Railroad and Miscellaneous Stocks.—The stock
market
and at times has shown some
depression, owing in part to the closer money market. Lake
Shore and the granger stocks appear to be th.Q favorites, and on a
pretty large average of daily transactions their prices are com¬
paratively well supported.
Erie bonds and stock have been
among the weakest, but recovered during the past day or two,
the stock closing, however, at 24$.
Michigan Central has been
noticeable for weakness among the Vanderbilt stocks, sell:ng
to-day as low as 79, and closing at 79$—the stock appearing to
be without much speculative support.
The coal auction sale at
lower prices on Wednesday and the prospect of sharper competi¬
tion among the companies has depressed the prices of Delaware &
shipments to the United States, and the percentage of reserve Hudson Canal to 43, and Delaware Lackawanna & Western to
was 581 Per cent, against 58 9-16 the previous week; the discount
54$. Mr. Jay Gould’s return from Europe is one of the events
has been
somewhat irregular,
required. About $10,000,000 of these bonds are held by Mr.
Conant, the United States agent in London, for exchange, and are daily
being paid by the transmission of called bonds in the ordinary course of
business. None of the outstanding bonds bear interest.”
'i he rates for money in V\ all street were about 5(a7 per cent
early in the week, advancing to 7 and 1-32 commission on Wed¬
nesday as the extreme rate. Thursday and to-day rates have
been easier, and 4@6 per cent has been the range on Government
and stock collaterals.
Prime commercial paper meets with ready
sale at G@7 per cent.
The Bank of England weekly statement on 7 liursday showed
a decrease of £531,600 in specie for the week, owing mainly to
centum is
rate remains at 2 per cent.
The last statement of the New York
City CleariDg-House hanks,
issued August 23, showed an increase of $1,072,675 in the excess
above their 25 per cent legal reserve, the whole of such excess
being $2,481,225, against $1,408,550 the previous week
The following table shows the changes from the previous week
and
a
comparison with the two preceding
1879.
Aug. 23.
years.
of the week.
Total sales of the
West’rn
Un. Tel.
Aug. 23
44
“
“
Differ’nces fr’m
previous week.
1878.
•
Aug. 24.
1877.
44
Aug. 25.
44
Loans and dis. $263,570,100 Dec.l 0,740.900 $236,994,300 $244,899,600
J 9.631.100 Inc.
77,900
18,662.800
14,259,000
Bpecie
Circulation
20.827.500 Inc.
108.000
19.305,600
15,515,100
235.953.800 Dec. 12.520.700 216,088,500 213,026,300
Net deposits
41,838,600 •Dec. 2,135 400
55,059,800
Legal tenders.
50,789,000
•
25
26......
27
28
29
Total.
ek in leading stocks were as follows.
St.
Paul.
Northwest.
J Del. L. Central
& West. of N. J.
Erie.
Lake
Shore.
34,645
11,550
25,835
13,400
2.400
47,760
47,587
18.459
27,200( 20,000
29,100, 12,250
1,300
7.966
41,458
48,050
25,500
3:900
36,310! 21,100
1,200
5,600
27,600
20,520
47,042
7,725
17,310
23,600
26,100
28,200
33,300
5.000
17,620
14,600
2,290
19,125
29,265
44,650
6,200
15,690
10,800
13*175,910
144,700
>
..
wt
74,985 139,1
29,406
21,700 177.240 174,934
Whole stock. 410.500 1154.042 149.S86 524.000 175.400 771,077 494.665
..
.
The total number of shares of stock outstanding
la>t line for the purpose of comparison.
is given in the
THE CHRONICLE
80,1879.]
August
The daily highest and lowest prices
have been
as
follows:
Saturday,
Aug 33.
Canada South.
Cent, of N. J
Chic. & Alton. ♦....
Chic. Bur. & Q. *118%
Chic.M.& St.P. 64%
_
pref
Chic. & N. W..
do
pref
do
Friday,
Aug. 29.
51*,
87H
14
65
74a
75 a
97% W
St. L. K. C. & No .2d wk Aug.
8t. L. & San Fran.3d wk Aug.
.
8t.L.&S.E.-8t.L..3d wkAug.
St, Paul &8.
45%
19%
pref.
St.L. & S.Fran.
pref.
1st prf.
Sutro Tunnel.
Onion Pacific..
Wabash
West. Un. Tel.
These are the prices bid and asked; no sale
Total sales this week, and the range
since Jan. 1, 1879, were as follows:
■'
Sales of
Week
Shares.
Oanada Southern....
Central of N. J
Ofaica; ro & Alton
Ohio. ] 3url.& Quincy.
Chic.. Mil. &8t. P
do
do pref.
...
Chicago & Northw...
do
pref.
Chic. Rock I81.& Pac.
Chic. 8t. P.& Minn.*.
Clev. Col. Cin. & Ind.
Ool. Chic.& Ind. Cent
Del. & Hudson Canal
Del. Lack. & Western
Erie
do .pref
Hannibal & 8t. Jo
do
285
21,700
.
58S
910
134,143
11,869
175,910
7,430
1,400
2,105
3,355
1,755
7,948
1.44,700
177,240
9,810
3,260
...
pref.
5,100
Illinois Central
Kansas Pacific
Lake8hore
Louisville & Nashv..
450
3,300
173,934
5,910
Michigan Central....
16,925
Missouri Kan. & Tex.
15,095
Morris & Essex
4,495
N. Y. Cent. & Hud.R.
2,154
Northern Pacific t...
2,262
do
319
pref.t
Ohio & Mississippi...
Pacific Mail
Panama..:
St. L. I: Mt. & 8outh.
8t. L. K. C. & North.
do
pref.
8t. L. & 8. Francisco,
10,950
18,525
19
2,322
3,130
8,690
3,925
9,002
7,210
do
pref.
do
1st pref.
Sutro Tunnel
Union Pacific
given below.
was
made at the Board.
Ran/?e for
Lowest.
18 78.
Highest.
High!
Low.
45k Jan.
33k Jan.
3 63k Mch. 15 38
45 k
2 55
July 31 13k ; 45 k
1
75
Mob. 3 95
Aug. 9 66k 85
7 122 k Feb. 19 99 k 114k
111k Jan.
34 % Jan.
4 70
Aug. 6 27k ! 54%
74 k Jan.
4 97k Aug.
6
64
| 84k
3
49k Jan.
80% Aug. 12 32 k 55 k
3
12
59 k 79 k
76% Jan.
99% Aug.
119
Jan.
8 141k Aug. 7 98% 122
1
21
May 5 44
Aug. 2
2 55
34k Jan.
May 21 23 I 33k
5
4
Jan.
9k Aug. 6
2k
6%
2 51% June 2 34% 59%
38
Jan.
43
Jan.
2 62k July 31
41
| 61%
4 29 k May
2tk Jan.
5
7% 22k
37 k Jan.
2 54
May 5 21k 38
4 23 k May 23
13k Jan.
10
16%
34
Jan. 10 45 k May 23 21% 41%
79k Mob. 26 91
Aug. 7 72% 87
9k Jan. 21 60
4
Apr. 30
12%
67
Jan.
6 93
Aug. 12 5578 71%
35
Feb. 13 70 k May 12 35
39
2 90k Jan. 27 59 k 75
73k Jan.
4
5k Jan.
2
18k May 15
7k
3 94
75k Jan.
Aug. 6 67% 89
112
Mch. 24 121k June 14 103 k 115
16
Aug. 9 17k Aug. 1
44 k Aug. 26
48k July 31
4 17
7k Jan.
July 24
6k 11k
10% Jan. 13 18k Juno 0 12k 23%
123
2 160
Jan.
131
Aug- 4 112
13
Jan.
2 30 k May 23
5
15%
7
2
Jan.
22k Aug. 12
3k
7%
25 k Jan.
2
58 k Aug. 6 19
26k
8 13% Aug. 22
3k Jan.
lk
4k
4k Jan. 21 18k Aug. 21
5k
lk
9 k Jan. 23 : 44k Aug. 22
5k Ilk
2% Jan. 16
5
4% Mch 17
3k
57k Jan. 31 81
Feb. 19 61k 73
17k Mch. 13 40
Aug. 2 12k 23%
June 11
88% Aug. 4 116
75 k 102
|
•
•
•
t Range from July 30.
the totals from Jan. 1 to latest
The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
columns nndei the heading “ Jan. 1 to latest date" furnish the
gross earnings from Jan. 1 to. and including, the period men¬
tioned in the second column.
-Latest earnings reported.—- ✓-Jan. I to latest date.—
Week or Mo.
1879.
1878.
1879.
1878.
Ala. Gt-Southem.June
$23,263 $20,950
$
$-
Atch.Top. & 8. F.2d wk Aug.
125,000
130,753
Atl.&Gt. West...June
300,540 309,136
Atlantic Miss.&O. July
138,224
127,441
Bur. C. Rap. & N.. 3d wk Aug.
29,977
23,740
Burl.&Mo.R.in N. June
140,736
90,590
Cairo &8t. Louis.. 1 st wk Aug
5,671
6,595
Central Pacific...July
1,442,000 1,533,702
Ches. & Ohio
July
173,383
140,262
Chicago & Alton. 3d wk Aug. 150,943 142,987
Chic. Burl. &q...June
1.160.968 897,090
Ohio. & East. Ill..3d wk Aug.
19,926
18,699
Chic. Mil. & 8t. P.3d wk Aug. 162,000
113,036
Ohic.&North westJuly
1,309,984 1,166,270
Ohio. 8t. P. & Min.3d wk Aug.
17,399
14,693
Otev. Mt. V. &D..lst wk Aug
6,728
6,227
Dakota Sou them. June
13,796
17,386
Dubuque&S.City.2d wk Aug.
13,913
15.031
Prank.&Kokomo.July
4,580
3,088
Gal. Har.&S. An.June
85,058
91,482
GaL Houst. & H..July
27,085
24,466
Grand Trunk. Wk.end. Aug. 16 161,210
157,275
Gr't Western. Wk.end.Aug.22
89,474
90,793
..
..
Hannibal&St. Jo. 3d
wk
Houst. & Tex. C.. July
Illinois Cen. (Ill.).. July
do
(Iowa)..July
Aug.
_
Jpt&Gt. North.. 2d wk Aug.
Kan.USt J.& C B. July
Kansas Pacific....4th wkj'ly
31,051
186,848
453,159
102,945
25,341
135,467
117,363
August 29.
in prices for 1878 and
Prices since Jan. 1, 1879.
8,525
6,691
Wabash
9,610
Western Union Tel..
74,985
*
Range here given is from May 5.
The latest railroad earnings and
are
53,201
33,110
937.972
279,417
2,439.658
1,887,735
702,309
385,563
285,113
145,491
179,713
427,184
801,439
London, which strengthens demand bills as compared with 00
days sterling. To-day, business was done at 4.83 to 4.83J for
bankers’ demand sterling and 4.80| for 60 days.
In domestic bills the following were rates on New York at
the undermentioned cities to-day: Savannah— buying
selling
Charleston—easy, 3-1G selling; ± premium. New Orleans—com¬
mercial, £@8-lG premium ; bank, ± premium. St. Louis—1-10
discount.
Chicago—quiet, 1-10 discount buying; 1-10 premium
selling. Boston, 25 cents premium.
The quotations for foreign exchange are as follows :
Panama
dates
29,954
301,713
2,568,324
1,801,493
754,499
419,188
302,153
173,811
159,738
315,720
755,865
119,276
1,475,733
6,658,145
prospect, however, of an advance in the Bank rate of interest in
St.LALM.assn
St. L. K.C. & N.
do
54,572
91,885
1,595.103
7,998,189
137,398 2,710,264 2,946,160
Excliange —The rates for exchange are depressed, and drawers
have further reduced their asking rates. There seems to be some
pref.
do
50,739
43,100
23,840
,
40%
Ohio & Miss..
Pacific Mail....
do
do
City.June
3,749
214,081
9-)7,72i
11,411
96,009
70,841
29,300
15.728
46,734
28,176
Scioto Valley
July
28,776
Sioux City <fc St.P. June
28,589
Southern Minn.. .July
50,392
Tol.Peoria&War .3*1 wk Aug.
31,376
Union Pacific.... July
1,009,049
Wabash
3d wkAug.
116,409
Illinois Cent
Kansas Pacific
Lake Shore..
Loulsv.&Nash
Mich. Central..
Mo. Kans. & T.
Mor. & Essex..
N.Y.C.&H.R.
Northern Pae.
do
Aug
2,984
241,018
1,303,522
St.L.A.&T.H.(br*)2d wkAug.
10,210
8t.L. Irou Mt.&S.3d wkAug.
101,300
g*
do
-—Latest earnings reported.—s ✓-Jan. 1 to latest date.-s
Week or Mo.
1879.
1878
1879.
1878.
Mo. Kans. & Tex. .3d wk Aug. $67,333
$64,426 $1,697,970 $1,656,815
Mobile & Ohio....July
110,674
93,670
956,073 1,031,610
Nashv.Ch.&St. L.July
133,590
112,703
971,476
934,676
N.Y.L. Erie &W..May
1,350,274 1,172,961 6,434,373 5,872,678
Fad.AEli'iabetht.lst wk Aug
5,599
5,838
162,382
185,206
Pad. & Memphis.. 1st wk
Phi la. & Erie
July
Phila,& Reading. July
Chic. R. I. & P. 13.8% 138
Chic. St.P.&M. 40
50
Clev. C. C. & I
8
Ool.Chic.A I.C.
Del. & H.Canal
Del.Lack.& W.
Erie
23%
do pref
Han. & St. Jo..
do
pref.
217
48,002
146,637
455,728
112,302
24,701
93,916
93,476
3,467,474
853,710
838,913
862,688
136,503
2,064,451
889,251
*
952.483
735,081
133,187
9,231,320 9,367,807
986,191. 1,044,678
3,143,811 2,859,360
G,510,239 6,417.791
5,288,000
8,268,124
630,442
220,249
103,799
480,509
22,953
244,013
5,233,844
2,658,535
1,037,001
1,389,522
2,962,021
5,248,800
8,221,476
534.177
212,683
105,107
580,486
19,003
194,39f
5,372.288
778,971
2,907.226
1,109,781
1,176,760
3,029,318
906,238
327,683
725,084
2,365,235
1.739.159
60
Prime bankers’ sterling bills on London.
Good hankers' and prime commercial...
Good commercial.
Documentary commercial
4.80k®4.81k
4.80
4.79
Antwerp (francs)
Swiss (franca)
93 %®
9350®
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
following
are
$4 82
Napoleons
3 82
X X Reichmarks.
X Guilders
4 72
3 93
Span’ll Doubloons. 15 50
Mex. Doubloons.. 15 45
..
New
93-30®
3
4
® 4
®15
®15
®
®
1 12k®
86
78
00
65
60
English silver
....
Prus. silv. thalers.
Trade dollars
New silver dollars
1 12k
par.®kprem.
5.24%®5.23k
40
®
94 k®
94 k®
94 k®
93%
93%
9370
9370
Dimes & k dimes.
Silver ks and ks.
Five francs
Mexican dollars..
®$4 86
5.24%®5.23k
5.2430 ®5.23*0
40
quotations in gold for various
Sovereigns
Fine silver bars
Fine gold bars....
®4.79k
3934®
93 %®
(guilders)
Hamburg (reichmarks)
The
4.83k®4.84
4.83
®4.83k
4.82k®4.82
4.81 ®4.8lk
®4.80 %
4.78k®4.79k
5.26%®5.25%
5.26%®5.25%
5.26% a 5.25%
Paris (francs)
Amsterdam
Demand.
days.
40k
94k
94k
94k
94 k
94k®
coins:
99k®
—
—
9ik® —
— 92
® —
— 87k® —
4 75 ® 4
—
68 ®
99 ®
99 k®
—
—
-
99%
99%
95
87k
80
70k
99
par.
-
Iforlc City Kan its.—The folio wing statement
shows the
for the week
23, 1879 :
condition of the Associated Banks of New York City
ending at the commencement of business on August
Average amount of
Banks.
Capital.
$
New York
2,000, (XX
2,050,00<
Manhattan Co.
Merchants.....
Mechanics’
Union
America
Phoenix
2,000,(MM
2,000,00<
1,200,(MM
3,000,00*
1,000,00*
1,000,000
City
Tradesmen’s...
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov
Mechanics’ St Tr.
.....
Greenwich..
Leather Man’f’rs
Seventh Ward.
State of N. York.
American Exch..
..
Commerce./.....
Broadway
Mercantile
Pacific
Republic
Chatham
People’s
North America.
Hanover
Irvin#
Metropolitan
...
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather.
Corn Exchange.
Continental
1,000,000
000,000
300,000
1,000,000
1,000,000
300,000
300,0*>0
200,000
500,000
500,000
500,000
1,000,000
1,000,000
Importers’ St Tr.
Park
Mech. Bkg. Ass’n
Grocers’
North River
East River
Manuf’rsA Mer..
Fourth National.
Central Nat
Second Nation’].
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
N. York
3,034,100
901.000
2.410.100
1.805.100
2,906,000
3.539,000
4.531.400
700,-00
3,200,000
2,000,000
300,000
750,000
17,287,900
9,172,00*'
2,293.000
4,344.000
500.00*1
10,740,30*;
7.343,800
1.211.300
1.105.100
1,085.400
1.910.80*)
2.052,500
300,000
60.800.200
1,038,200
267,200
185.900
240,000
250,000
100,000
Germ’n Americ’n
Chase National..
291,000
t.570,800
231.800
102.300
190.400
34,000
670.000
250,00*)
200,0*)*)
750,00*)
.
1),352,800
3,021/400
3.538.100
1.278.300
225.000
1,000,000
300,000
-
532,000
109,000
667.400
509,000
292.800
683,500
1,059,000
1.476.100
2,418,500
10,302,400
12,755,500
588,100
County..
Total..
7,009,200
4,145,000
9,145,0*)*)
2,741,000
0,114,400
400,000
1,500.000
2,000,000
500,000
300.000
$
*
819.300
302.800
12,500
200,000
63.700
7,000
1,180,000
1,181.200
373.100
308.60*)
76.300
109.900
105.100
53.300
83,000
624,600
133,00*.
302,000
106.400
23.700
21.700
25/20*)
300,000
71,90
5.900
19.000
27.100
1,007,800
1,008,000
51,20**
3,000
35.300
84.600
1,000
1,122,700
450.000
184,000
359.000
1,183,70*)
925,00**
50.700
29,00**
9,700
130,10C'
123,60*)
Net dep’t»
other
than U. 8.
Legal
Tenders
Specie.
8/41,500
5,974,00*;
5.857.900
873,900
600,0001 2,775,40C
849,000
300,000
1,401.7iX;
800,000
5,000,000 13,410,000
5,000,000 14.255.400
5.137.400
1,000,000
3,054,300
1,000,000
2,006,100
422,700
4.015,700
1,500,000
3.186.900
450,000
1,254,000
412,500
2,069,100
700,000
0.044,500
1,000,000
2.433.300
500,000
3,000,000 13,077,000
1.575.400
600,000
2.004,400
1,000,000
Oriental
Marine
Loans and
discounts.
$
13^.000
•
-
.
188.400
312,009
319.700
180.400
424.800
809.500
1,003,000
1.125.300
1.565.700
2.147.700
Specie
-Legal tenders
495.000
400
73,200
44,500
121,000
1,100
251,000
709,100
531,300
630,800
243.000
198,000
2.700
470,500
34,500
135.000
447/000
1.538,300
891,900
177,000
900,000
898,000
5,400
270.000
252.500
2,241,000
240,700
3.000
343.400
450, 00
450,000
4.000
708,000
373.700
1.110,300
527*100
308.700
144,000
1,024.406
1.406,000
269,000
575.000
46.100
799,500
268.400
224.400
180.000
240300
03,570,10'S 19.031 10'j 41.888,600 335,953,900 20,827.500
The deviations from returns of previous week are as
Loans and discounts
tion.
$
8.844,000
441,000
3.787,000
736.100
4.713.900
707,000
5.532.200
693.400
3,100,000
832,300
0,728.800
!
465.000
2,638,000
598,000
6,057,000
182,7IX*
1.937.800
340.400
1,295,000
1,179/20*' 10.842.500
465.900
2.9.19.500
292.700
1.802.800
126.500
1,080,100
218.000
900,000
102; 100
759.400
402.400
2.121.700
133.100
758,100
429.700
1,583.800
827,000
9.268,000
2,003,900
9,090.900
610,200
3.835.500
405,90*)
3.403.900
508.700
2,076.100
335.700
1.710.100
706.200
3.093.40*4
305.700
1.307.700
212.000
1.942.100
843.700
0,086,20**
503.200
2,479,000
2,736,00*) 11,007,000
289.400
1.538.200
1,840,10**
214,30*)
357.70**
1.829.300
330.900
1.373,000
875.000
2,025,000
292,000
2.180,400
4,373.80*'
1,105,50**
160,000
1,208.000
2.310 90V
510,000
3.759,100 18,187,200
2,838,800 15,840.100
418 20*)
44.500
030 200
113,60*)
170.800
850.700
65,000
009,300]
340.700
92,700
3,372,80** 17,»23,8001
8,003,000
1,202,000
2,376.1)00
400,00*)
4,061,000
579,000
1,752.40** 10,510,000
7.739.500
1/227,500
•
Circula¬
Dec.flO,740.900 I Net deposits
Inc..
77,900 » Circulation
..Dec. 2,135,400 |
follows
:
Dec.$12,520,700
Inc..
108,000
THE CHRONICLE.
218
[Vol. XXIX
GENERAL QUOTATIONS OF STOCKS AND BONDS.
Quotations in New York represent the per cent value, whatever the par may be; other quotations are frequently made per share.
The following abbreviations are often used, viz.: “ M.,” for mortgage; “ g.,” for gold; “ g’d,” for guaranteed; “ end.,” for endorsed;
for consolidated; “ conv.,” for convertible; “ s. f.,” for sinking fund; “ 1. g.,” for land grant.
Quotations in New York are to Thursday; from other cities, to late mail dates.
Subscribers will confer a favor by giving notice of any error discovered in these Quotations.
Tennessee—6s, old, 1890-98 ..J&J
UNITED STATES BONDS.
6s, new bonds, 1892-1900...J & J
reg
J&J 1031* 1034
6s, new series, 1914
J & J
coup
J&J 1034 1034 Texas—6s, 1892
*.....M&St
reg—J&J 1044 1044
7s, gold, 1892-1910
M&St
coup
J&J 104^ 1043s
7s, gold, 1904
J
&Jt
1024
reg...Q—F 102%
10s, pension, 1894
J
&Jt
1024
coup...Q—F 102
J &D
1044 Vermont—6s, 1890
reg.. Q-M 104
Virginia—68, old, 1886-’95....J & J
coup.. Q—M IO514 1054
6s, new bonds, 1886-1895... J & J
reg...Q—J 101 1014
6s, 1880
6s, 1880
6s, 1881
6s. 1881
5s, funded, 1881
5s, funded, 1881
4128,1891
412s, 1891
4s, 1907
4s, 1907
.Q—J 1007e
reg—J&J 121
reg
J&J 1214
reg
J&J 1214
reg—J&J 121*4
reg
J&J 122
coup..
6s, Currency, 1895
6s,
6s,
6s,
6s,
Currency, 1896
Currency, 1897
Currency, 1898
Currency, 1899
68, consol., 1905
do
6s,
ex-coup.,
6s, consol., 2d series
6s, deferred bonds
101
101
M&N
46
444
Connecticut—5 s
6s, 1883-4...
Delaware—6s
Florida—Consol. gold 6s
Do.
Wn
78
54
50
5
& O
&O
&O
&O
&O
&J
J&Jt
Kansas—7s, ’76 to ’99
Kentucky—6s
Louisiana—Old bonds,fundable.Var.
8s, non-fundable
Var.
New consol. 7s, 1914
J & J
Maine—Bounty, 6s, 1880
F&A
War debts assumed, 6s, ’89. A& Ot
War loan, 6s, 1883
M&S
114
104
18
18
37
102
114
107
109
113
110
109
100
384
1024
115
108
110
118
1,10
107
A&O: 105
J & J 103
112
20
7s, 1890
M& N
Minnesota—7s, RR. repudiated
Missouri—6s, 1886
J & J 1034
J
Funding bonds, 1894-95
Long bonds, ’89-90
J
Asylum or University, 1892. J
Hannibal & St. Jo., 1886
J
'33-
& J 1074'
& J 1044
& J 107
& J 103
1887....J & J 103
N. Hampshire—6s, 1892-1894. .J&J I 1154 11534
do
loan, 6s, 1901-1905
War loan, 6s, 1S84
New Jersey—6s, 1897-1902
6s, exempt, 1877-1896
J & J 1174)118
M&S
J&J*
J&J*
’87...J&J
J & J
J & J
J & J
...A&O
A&O
1084
112
112
107
106
117
120
121
6s, gold, 1883
6s, gold, 1891
6s, gold, 1892
6s, gold, 1893
N. Carolina—68, old, 1886-’98..J&J
6s,'old
A&O 224
6s, N C. RR., 1883-5
J & J 109
A&O 109
6s,
do
do
coup, off
J & J 894
6s,
do
coup. oft*.
6s,
A&O 894
6s, Funding act of 1866,1900 J&J
7
6s,
do
1868,1898A&0 ' 7
6s, new bonds, 1892-8
J&J 134
6s,
do
A & O 13
A&O
68, Chatham RR
14
6s, special tax, class 1,1898-9A&0
2
6s,
do
class 2
A&O
2
.
do
6s,
A
class 3
A&O
n fxxrr
a
1881.V* ‘.V.V.V.V.V.V.'J
2
58
Ohio—6s,
& J 103
J&J 110
6s,1886
Pennsylvania—5s, gold, ’77-8.F&A* 100
5s, cur., reg., 1877-’82
F&A* 100
5s, new, reg., 1892-1902
F&A 111
6s. 10-15, reg., 1877-’82
F & A 1004
6s, 15-25, reg., 1882-’92
F & A 106
Rhode Island—6s, 1882
M&St
J&J 112
6s, 1893-9...1
South Carolina—6s
J & J 15
6s
A&O 15
68, funding act, 1866
J&J 15
6s, Land C., ’89
J&J 40
6s, Land C.,1889
A&O 40
15
7s of 1888
6s, non-fundable bonds
6s, consols, 1893
'
Var.
J&J
14
87
Price nominal; no late transactions.
tppwnrlrfl
Yip\u
M&NJ 108
Michigan—6s, 1883
New York—6s, gold, reg.,
6s, gold, coup., 1887
..J&J*
8s
Augusta, Me.—6s,
Augusta, Ga—7s
Maryland—6s, defense, 1883.. J&J
J&J
6s, exempt, 1887
6s, Hospital, 1882-87
J&J
6s, 1890
Q—J
106
5s, 1880-’90
Q-J
Massachusetts—5s, 1880, gold .J&J I 1014 10134
5s, gold, 1883
J&J 1034 104
5s, gold, 1894
Var.t 1104 111
5s, g., sterling, 1891
J&J | 107 109
1894
1888
584
105
112
113
101
116
Perm.
1887*, muni.‘ F&At
Various
108 34
1 Q1
*
59
7
50
82
106
107
Bangor, Me.—6s,*RR.,189d-’94.Var. i
6s, water, 1905
J&Jt
6s, E.& N.A. Railroad, 1894..J&Jt
6s. B. & Piscataquis RR.,’99.A&01
Vari
Bath, Me.—68, railroad aid
5s, 1897, municipal
Belfast, Me.—68,railroad aid, ’98.. t
East Saginaw, Mich.—8s
Elizabeth, N. J.—7s, short
7s, funded, 1880-1905
7s, consol., 1885-98
112
95
103
110
102
107
106
107
109
110
112
1154 11534
1154 11534
115
116
117
7s 1905
85
: .10
.12
.10
L10
.
45
44
43
43
1094 L10
1034 L04
L12
11,1
L07
105
41
40
40
40
5s, 1894, gold
F&At
Fitchburg, Mass.—6s. ’91,W.L.. J&Jt
Fredericksburg, Va.—7s
M&N
Galveston, Tex.—10s, ’80-’95 ..Var.
Galvest’n County,10s. 1901.J & J 102
Harrisburg, Pa.—6s,coupon...Var.* 103
Hartford, Ct.—City 6s, var. dates..t 102
Capitol, untax, 6s
t 116Hartford Town bonds,6s, untax. .t 100
|ll2
108
.
109
117
101
1034 1044
44s, untax
7s, short dates
6s, long
6s, short
Lowell, Mass.—6s, 1890, W.
11034;1114 Lynchburg, Va.—6s
106
88
1104 11034 Lynnr Mass.—6s, 1887
106
Water loan, 1894-96
105
105
104
1004 1014 Macon, Ga.—7s.
102
100
103
102
6s,
118
1184
1014 10134
113
112
102
106
99
101
105
96
do
1134 114
Lawrence, Mass.—6s, 1894.
1164 117
103 1106
L03
110
Haverhill, Mass.—6s,’85-89.. A&Ot 109
30
20
Houston, Tex.—10s
20
17
6s, funded
Indianapolis, Ind.-7-30s,’93-99. J&J tl06*
99
Jersey City—6s, water, long, 1895.. 97 •
7s,
do
1899-1902
J & J 103 104
99
J & J 97
7s, sewerage, 1878-’79
99
7s, assessment, ’78-79. J & J-M& N 97
99
7s, improvement, 1891-’b4—Var, 97
99
7s, Bergen, long
J & J 97
120
1104 111
1164 117
103
t
Var.
A&O
Ask.
844
f
J&Jt, 109
Fall"River, Mass.—6s’, 1904 .V.F& At
do
70
103
87
100
107
97
106
103
109
imp. 7s, 1891....
.
Wash.—Fund.loan (Cong.) 6s,g. ,’92t; 108
108
Fund. loan(Leg.)6s, g., 1902 Vart 108
38
80
Bid.
City Securities.
Dis.Col.—Cons. 3-65s, 1924, cp.F&A
Consol. 3-65s, 1924, reg
.
Perm. imp. 6s, guar., 1891...J&Jt 108
32
29
JL
Georgia—6s, 1879-80-86
7s, new bonds, 1886
iio
7s, endorsed, 1886
7s, gold bonds, 1890
Q—J 110
8s; *76, ’86
A & O 110
Illinois—6s, coupon, 1879... .J&J 100
War loan, 1880
J & J 100
War
J&J*
Austin, Texas—10s..
1
Baltimore—6s, City Hall, 1884.0—J
1
6s,Pitts. & Con’v. RR.,1886.. J&J
1
6s, consol., 1890
Q—J
1
6s, Balt. & O. loan, 1890
Q—J
6s, Park, 1890
Q-M
10412
M& 8
6s, bounty, 1893
108
do
exempt, 1893.. .M&S
6s,
t 106
J&J
5s, funding, 1894
t 106
106
6s, 1900
J&J
J&J* 104
85
6s, West. Md. RR., 1902 ;... J&J
J & J 78
101
58, consol, 1885
Q—J
F & A 9934
1114
A&O
6s, Valley RR., 1886
J & J
7s, L. R. & Ft. S. issue, 1900. A
7s, Memphis & L.R., 1899..A
7s, L. R.P. B. &N. O., 1900. .A
7s,Miss. O. & R. Riv.,1900..A
7s, Ark. Central RR., 1900.A
7s, Levee of 1871, 1900
J
California—68, 1874
do
J&J
J&J*
Atlanta, Ga.—7s
45
Arkansas—6s, funded, 1899 ..J&J
do
do
.Various
Allegheny Co., 5s
20
J&J
8s of 1892-93
Class “A,” 2 to 5, 1906
do
small
Class “B,” 5s, 1906
Class “ C,” 2 to 5, 1906
Various
6s, 1876-90
Wharf 7s, 1880
9
27
103
111
112
99
114
28
28
80
A sk.
SECURITIES.
Allegheny, Pa.—4s
45
264
494
7s
SECURITIES.
Alabama—5s and 8s, fundable..Var.
*30
—
Albany, N. Y.—6s, long
STATE
8s, Mont. & Euf
8s, Ala. & Chat
J & J
1905...J & J
J & J
10-40s, new
Tax coupons
CITY
FOREIGN GOV. SECURITY.
Quebec—5s, 1908
do
do
Bid.
STATE Securities.
Ask.
Bid.
United States Bonds.
“ cons./
100
90
1044 108
1034 105
Var.
Var
Var
L.M&2
J &
1014 1024
1014 1024
1124 1134
101
120
110
115
109
115
102'
60
102.=
J &
F&1
J&
1154
103
75
103
t 110*2 1114
20
10
Boston,Mass.—6s,cur,long,1905Vart
20
r 10
6s, currency, short, 1880
Var.t
20
io5s, gold, 1905
Var.t
25
10
6s, end., M. & C. RR.
J&J 10034 1014
4s, currency, 1899
35
25
1094
1104
A&O I
Sterling, 5s, gold, 1893
)
96
1044
1054
Milwaukee,
Wis.—5s,
1891—J
do
5s, gold, 1899
J&J 1
110
7 s, 1896-1901
Yar, 1024
do
5s, gold, 1902
A&OJ 1094 1104
108
104
101
Brooklyn, N.Y.—7s, ’79-80
J & J
20
r
14
Mobile, Ala.- -8s.
7s, 1881-95
J & J 104 115
15
10
r
5s.
7s, Park, 1915-18
J&J 125 128
23
20
7s, Water, 1903
J&J 123 127
40
L27
Montgomery, Ala.—New 3s ..J & r 20
7s, Bridge, 1915
J & J 121
50
40
115
111
5s,
new
6s, Water, 1899-1909
J & J
90
80
L15
113
Nashville,
Tenn.—6s,
old
6s, Park, 1900-1924.........J & J
90
80
114
106
6s,
new
Kings Co. 7s, 1882-’89
M&N
104
.
.
.
.
6s, 1880-’86
M&N 1014 L10
L06
Buffalo, N, Y.—7s, 1876-’80.. Var. 102
112
7s, 1880-’95
....Var. 104
7s, water, long
Var. 113 .115
6s, Park, 1926
M& S 108
108
Cambridge, Mass.—5s, 1889...A&Ot 107
L16
6s, 1894-96. water loan
J&Jt 115
L17
J&J 116
6s, 1904, city bonds
Camden Co., N, J.—6s, coup... J&J* 108
Camden City, N. J.—6s, coup.. J&J* 108
do
.
111
109
t 1144 1174
t 1124 114
) 1064 1074
104
t 99
N. Brunswick, N. J.112
r 111
Newburyport, Mass.111
109
108
106
Town, 6s, war loan...
103
100
do
6s, Town Hall.
117
115
City, 7s, sewerage
7s, reg. and coup
J&J* 114
100 1 103
do
6s
60
Charleston, S.C.—6s,st’k,’76-98..Q-J 57
106
104
do
80
5s, 1897
7s, fire loan bonds, 1890....J & J 75
24
22
92
85
7s, non-tax bonds
32
30
60
58
4s, non-taxable
26
24
\
Railroad
111
Ll2
’75
&
issues,
6s,
’94./\
Chelsea, Mass.—6s, ’97,waterl.F&At
)
Wharf
108
108
a4
impr., 7-30s, 1880—J <
Chicago, Ill. —6s, long dates
J &J t
102
1 101
114
N.Y.City—6s, water stock,’80.QJ&Jt 113
7s, sewerage, 1892-95
L15
6s,
1879
Q- t 1004 101
do
J&Jt 114
7s, water, 1890-’95
114
5s,
do
Q- ?i 105 106
1890
7s, river impr., 1890-95
J&Jt 113
110
113
114
6s,
do
1883-90
Q—3 ? 104 114
7s, 1890-’95
J&Jt
102
1014
68,
aqueduct
stock,
’84-1911..Q—1
Cook Co. 7s, 1880
M&N t
126
S.125
7s, pipes and mains, 1900..M
do
7s, 1892
M&N 1124 113
114
F 109
105
6s, reservoir bonds, 1907-’ll.
Lake View Water Loan 7s
t
F 106
108
106
107
5s, Cent. Park bonds, 1898...<
Lincoln Park 7s
F 112
114
6s,
do
1895... 1
South Park 7s
J & J 10534 106%
* 125
126
107
106
West Park 7s, 1890
* 109
110
do
6s,
Cincinnati, O—6s, long
Var.t 102 103
126
* 125
100
6s, short
Var.t
108
St 107
7-30s
...Vftr.t 115
114
*
do
108
107
7s,
7s
Var.t
116
* 114
Southern RR. 7-bOs, 1902...J&Jt 1154 116
sr 1024 105
115
do
7-30s, new
t 114
* 104 • 107
do
’79-82.
7s,
do
do
6s, g., 1906..M&Nt 1054 106
112
Ill
100
6s, gold, new consol., 1896.
Hamilton Co., O., 6s
107
106
102
7s, Westchester Co., 1891..
do
7s, short
t 100
119
J 118
110
do
long 7s & 7-30s. t 107
109
J 108
108
107
Cleveland, O.—6s. long
Various,
105
J 100
102
-6s,reg.stk,’78-85.
100
Norfolk,Va.30-year 5 s
:
120
\ 115
8s, coup.,
6s, short
Various. 1004 101
* 116
78, long
Various t 112 115
105
t 103
7s, short
Various t 105 107
120
J 117
106
107
Special 7s, 1879-’89
Yearly!
.
.
.
.
.
.
.
.
.
..
24
84
84
15
34
3
.
.
62
.
,
105
112
101
109
.
Columbia, S.C.—6s, bonds
Columbus, Ga —7s, Various.-...Var.
Covington. Ky.—7-30s, long
7-30s, short
8s
:
92
j Dallas, Texas—8s, 1904
I 10s, 1883-96
Dayton. O.—8s
Detroit, Mich.—7s, long
| 7s, water, long.
r
t Purchaser also pays
60
Orange, N. J.—7s.
Oswego, N. Y.—7*
Paterson, N. J.—l
75
112
t 110
t 1034'104
8s
t 114
i
Var.t
Var.t
50
90
107
107
113
accrued interest
8s, special tax..
Philadelphia, Pa.-
75
100
|110
115
1
in London.
t 104
t 101
,r 108
1024
J
J 112
924
115
115
.
112
*
100
r* 108
116
J 118
1204
August
THE CHRONICLE
30,1879.]
219
GENERAL QUOTATIONS OF STOCKS AND BONDS—CoJttinubd.
Explanations See Notes at Head of First Page of Quotations.
For
Bid.
City Securities.
*73
*90
115
tr
106
r. f 107
S 107
J tl07^ 1
t112
J U081*
J 116%
S 1107
J 105
J 121
\
100
J 113
J
J
0
.
6s, 1885
Richmond, Va.—6s
M&
Ask.
Bid.
Railroad Bonds.
Ask.
Bost.& Revere B’h—1st,6s,’97. J&J .103
117
108
112
Buff.N.Y.&Erie—1st, 7s, 1916.J&D
Buff.N.Y.&Phil.—1st, 6s,g.,’96. J&J
114
108 is
115
109
118
108
106
122
103
115
103% Cin. Ham.&D.-
*50
117
93
Buff. Brad.& P.—Gen. M.7s,’96.J&J
Bur. C. R.&N.—lst.5s,new,’06.J&D
84%
Bur. & Mo. R.—L’d M., 7s, 03.A&O 115
Conv. 8s. 1894 series
J&J 1119
Bur.&Mo.(Neb.)—1st, 6s, 1918.J&J tl07
88, conv., 1883
J&J 113
Consol, m., 6s, non-exempt..J&J tl01%
85
116
Cin.&Sp.—7s, C.C.
do
107%
guar.,L.S
114
Rich. & Chic.101% Cin. Rich. & F. W.n.
Repub. Valley, 1st, 6s, 1918.J&J
*52*’
.
.
.
.
105
97%
105
t 88
70
t 90
t 79
65
115
100
105
)
r
3
I
r
r
106
1st
cons,
mort., 7a, 1908..
)
73%
L
......
Worcester, Mass.—
Yonkers. N. Y.—Water. 1903.
RAILROAD BONDS.
m
m
m
Chic.
A. L.,
1886-’90.
......
103
80
Col. & Toledo—1st mort. bonds
90
...
103
103
35
106
108%
3d
M., 6s, 1884...J&J
4th M., 8s, 1876
102%
110
102
103%
104
105%
53
20
112
*
l
m •
98%
100
tl06
rtioo
rtioo
tioi
109
Danb’y & Norwalk-
100
t96
100
65
tl02
tioo
>tioo
.
69
102%
100%
t89%
.......
*108
112
107
106
113
114% 118
Mort. 7s,
70
76
91%
790%
99
99%
91%,
*60
......
tl07% 108
tl09% 110%
62
:58
..
Cheshire—6s, 1896-1898
r
.
do
do
62%
106
90
97
tl05
*
t95
51
is
r
*111
50
102
78
J&Jr 10478
J&Jrtio-2% 103
36
6s, 1880
J&J tioo% 101
Chester Val.—IstM., 7s, 1872.M&N
120
1061a 1065s Chic. & Alton—1st M., 7s, ’93.. J&Jr ii6% 118
114
Atch. Top.&S.F.11133* 114
Sterling mort., 6s, g., 1903..J&JrtH2
tll2% 113%
Income, 7a, 1883
A&O 105
Bds. Kan. C. line,6s,g.,1903.M&N 106%
tll2l4 112%
105
Land income, 8s
Miss.Riv. Bridge, 1st.,s.f.,6s,1912
U08% 109%
+
111
Atlan.& Gt.W—1st,7s, g.,1902. J&J
Chic. B. & Q—1st, S.F.,8s, ’83.J&J
+
Consol, mort., 78,1903
J&J 118% 121
Bonds, 58,1895
J&D t99% 99%
'
1st mortgage trustees’ certiflc’s..
36
5s. 1901
A&O 101
++34
50
56
2d
do
do
do
J12% 13% Chic. & Can. So.—1st, 7s, 1902 A&O
3d
do
do
do
6% Chic. Cinn.& Louisv.—1st M., guar
15ia
Con. mort. Bischoff certs.,7s, 1892
Chic.Clin.Dub & Minn.—7s,’84 F&A
89
87
Chic. & East. Ill., 1st mort. 6s..
Re-organization, 7s
53
50
Leased L. rental, 7s. g., 1902.J& J ! 159
do
61
income M., 7s, 1907
60
do
16
do 7s, g., 1903. J&J i +14
Chic. & Iowa—2d M., 8s, 1901.J&J
West. ext. certifs, 8s, 1876..J&J +42
46
Chic. I’a& Neb.—IstM., 7s,’88.J&J 1107
do
46
Chic.& Mich.L.Sh—1st,8s,’89.M&S tl05
do
7s, guar. Erie 142
Atlantic & Gulf—Cons. 7s, ’97. J&J 102
105
Chic.M.&St.P.—P.D.lst,8s,’98 F&A 123 124%
P. D., 2d M., 7 3-lOs, 1898..F&A 110%
Consol. M., 7s, end. Sav
40
30
*
112
105
St. P.&Chic., 7s, g., 1902....J&J 110
100
Mil. & St. P., 2d M.,7s, 1884.A&O 104
S.Ga.&Fla., 1st M. 7s, 1899, M&N 105 108
49
La. C., 1st M., 7s, 1893
J&J 111%
At.Miss.&Ohio.—Cons.,g.1905. A&O 147
Com. bondholders certs
I. & M., 1st M., 7s, 1897...I..J&J
49
110%
147
111
Atl.& St. Law.—St’g 2d, 6s ,g.A&0 1104
I’a. & Dak., 1st M., 7s, 1899. J&J
106
♦
3d mort., 1891
113%
Hast. & Dak., 1st M.,7s, 1902. J&J
Bald Eagle Val.—IstM., 6s,’81.J&J
113%
Chic. & Mil., 1st M.,7s, 1903.J&J
104
1st mort., consol., 7s, 1905. .J&J
102
Baltimore & Ohio—6s, 1880...J&J 101% 102
1st M., I. & D. Ext., 7s, 1908J&J
106%
68,1885..'.
A&O 109ia 110
Sterling, 5s, 1927
:...J&D 1991a 100% Chic.&N.W—Sink.f.,lst,7s,’85 F&A 110
Interest mort., 7s, 1883
115
107%
Sterling, 6s, 1895
M&S 1113
M&N 106
114ia 115
73%
80
93
Col. Springf.& C.—1st, 7s,1901.M&
Col. & Xenia—1st M., 7s,1890.M& i
......
Va. Cent., 1st M., 6s, 1880...J&Jr
76
30
20
59
104
)
.
100
102
94
S. Joaquin, 1st M.,6s, g.1900. A&O> 100%
Cal. & Oregon, 1st, 6s, g.,’88. J&Jr 100
Cal.& Or. C.P.bonds, 6s,g.,’92 J&Jr $104% 105%
Land grant M., 6s, g., 1890. A&O) 103%
tll4% 114%
103%
107
108
West.Pacif., 1st, 6s, g., ’99..J&Jr
97
Charl’te Col.&A.—Cons.,7s,'95.J&Jr
111
114
92
75
2d mort., 7a, 1910
70
J&Jr
Cheraw & Dari.—1st M.,8s,’88. A&O> 112
95
100
2d mort., 7s
50
60
12
9
Ches. & Ohio—Pur. money fd.,1884[ 100%
42% 43
20
60
6s, gold, series B, int. def. 1908..
40
96
$94
6s, gold, small bonds, 1908...
21
111
6s, currency, int. deferred. 1918.
112%
21
108
6s, currency, small bonds, 1918
.
44%
39%
72%
do
do
2d, assd
Chic. & Gt. East., 1st, 7s,’93-’95.
Col.& Ind. C., 1stM., 7s, 1904. “
r
2d M., 7s, 1904.1
do
Cin. &
.
cou. on.
......
) *t95
.
8s, gold,
68
120
104
114
.
Washington, D.C.—See Diet, of Col,
91
741%
737%
101
.
.
90
75
Col. Chic. & Ind. Cent.—
112
113
111
74
115
....
L
119
104
111
112%
70
t87%
J
Clev.&M. Val.-
35
109
105
r
65
) tl02
)
Clev. Coi. C. & I.-
110
100
.
rtioo
) 1102
r
)
)
J
>
L
3
120
Ask.
100% 101
i
166
18
Bur.&South w.—1st M., 8s,’95.M&N
Cairo & St.L.—1st M., 7s, 1901. A&O
Cairo & Vine.—1st, 7s, g.,1909. A&O +56"
Califor. Pac.—1st M., 7s, g.,’89. J&J tl05
95
2d M.. 68, g.,end C. Pac., ’89.J&J
L
t94% 95%
3d M. (guar. C. P.), 6s, 1905. J&J t90
25
40
100
do
95
do
Sacramento Co. bonds, 6s.
3s, 1905. J&J
115
Camden & Atl.—1st, 7s, g., '93..J&J 116
) tll4
Salem, Mass.—6s, long, W. I
2d mort., 7s, 1879
J tl06% 107%
A&O 102
Cam.& Bur. Co.—1st M., 6s,’97.F&A 109
106
105
Canada So.—1st M.,guar.,1908,J&J
84%
do
68.
72
70
•.
Cape Cod—7s, 1881
F&A tl05
20
72
Carolina Cent.—1st, 6s,g.,1923. J&J
70
7s, new
72
Catawissa—1st M., 7s, 1882..F&A 102
69
5s, consols
<r
50
Now mort., 7s, 1900
45
St. Joseph, Mo.—7s
F&A 110
50
Cedar F. & Min.—1st, 7a, 1907. J&J
45
Bridge 10s, 1891
J & I
1104
Cedar R. & Mo.—1st, 7s, ’91.. .F&A 1112
1st mort., 7s, 1916
■; UOO 101
M&N 1112%
107
Cent, of Ga.—1st, cons., 7s, ’93.J&J 109
> tl06
72
do
107% Cent, of Iowa—1st M., 7s, g...J&J
do (new), 1892
) 106
107% Central of N. J.—1st M.,7s,’90.F&A
106
Bridge approach, 6s
107
106
7s, conv, 1902
M&N
Renewal, gold, 6s
97
107
do assented
106
Sewer, 6s, gold, 1891-’93..
Consol. M., 7s, 1899
107
"St. L. Co.—Park, 6s, g.,1905
) 106
Q—J
96%
do
107
assented
106
102 %
105
98
)
Adjustment bonds, 1903
Income bonds, 1908
J 109
M&N
70
Small bonds, 1908
109
M&N
88
Am. Dock & Imp. Co., 7s,’86 J&J
105
) tl03
do
109
assented
r nos
6s, 1885.
110
Leh.& Wilkesbarre Coal,’88,M&N*
) tl09
Small bonds, 1888
115
40
) tll4
M&Nj
122
> 1120
Consol., 7s, gold, 1900
Q-MI
do
100
95
assentedi
Stockton, Cal.—88.
105
Cent. Ohio—1st M., 6s, 1890..M&S3 107%
moo
105
8s.
110% Cent. Pacific—1st, 6s, g.,’95-98.J&Jr
State Aid, 7a, g., 1884
111
8s, water, 1893 & ’94
J&Jr 106
J&
8s..-.
J &
Rochester, N.Y.—6s,,76-1902.Va:
7s, water. 1903
J &
Bid.
Railroad Bonds.
+58
do
3d M., 8s, 1886.F&A
Dixon
Peo.&H.—1st, 8s,’74-89.J&J
Dubuque& Sioux C.—1st,7s,’83.,
1st mort., 2d Div., 1894
J&J
Dunk. A.V.& P.—lst,7s,g..l890J
90
80
62
......
.
.
.
^
105%
104
108%
East Penn.—1st M., 7s, 1888..M&S *100
E.Tenn.Va.& Ga.—1st, 7s,1900.J&J 100
100%
90
95
E. Tenn. & Ga., 1st, 6s,’80-86.J&J
95
100
E.Tenn.& Va.,end.,6s, 1886.M&N
Eastern, Mass.—3 %s, g. ,1906. M&S t78% 79
95
Sterling debs., 6s, g., 1906..M&S $93
Elmira& W’msport—1st, 7s,’80. J&J 107% 108
83
5s, perpetual
A&O
Erie— (See N. Y. Lake E. & West.)
Erie & Pittsb.—1st M., 7s, ’82. J&J 100
104,
Cons, mort,, 7s, 1898
J&J 102 104
85
90
Equipment, 7s, 1890
A&O
105
Evansv. & Crawf.—1st, 7s, ’87. J&J 102
55
65
Evausv.T.H.&ChL—1st, 7s, g.M&N
Fitchburc—6s, 1898
A&O 110% 111
120
7s, 1894
A&O 119
Fitch. & Wore.—5-20s, 7s,1889. J&J 100% 102
95
Flint&P.Mar.—lst,ld.gr.8s’88 M&N * *92
30
26
Cons.S. F., 8s, 1902
M&N
90
Flint & Holly, 1st, 10s, ’88.M&N
GO
BayC.& E.Sag.—1st, 10s„82.J&J
90
*95
Holly W. & M.—1st, 8s, 1901.J&J
Florence &EI Dorado—1st,7s.A&O 101% 102
80
Flushing & N. S.—1st, 7, ’89. .M&N
70
2d mort., 7s
Consol, mort., 7s, 1915
M&N
Q—F 117 119
*45
55
Ft. W. Jack. &S—1st, 8s, ’89..J&J
Exten. mort., 7s, 1885
F&A 102
23 '
1st mort., 7s, 1885
Ft.W. Mun.& C.—1st, 7a, g.,’89. A&O *12
F&A
iio% Fram’gham & Lowell—1st, 7s, 1891 t92% 95
Consol., gold, 7s, cp., 1902..J&D
112
7
5
do
do
do
(notes), 8s, 1883
reg
92
Iowa Mid., 1st M., 8s, 1900. A&O 114
Frankfort & Kokomo—1st, 7s, 1908
95
90
Gal. & Chic, ext., 1st, 7s,’82.F&A 104
104% Gal.Har.& 8 A.—lst,6s,g.l910.F&A
90
84
Peninsula, 1st, conv., 7s,’98.M&S
Gal.Hous.&H.—1st, 7s, g.,1902. J&J
Chic. & Mil., 1st M., 7a, ’98..J&J
Georgia—78,1876-96
J&J 116 119
103
Madison ext., 7s, g., 1911.**A&O 7108
6s
Menominee ext.,7s, g., 1911.J&D 7107
Gr.Rap. & Ind.—1st, l.g., g’d, 7s, g. 105
91%
North w. Un.,lst, 7s, g.. 1915.M&8 7105%
1st M.,7s, l.g., gold,not guar.A&O
90
Chic. & Pad.—1st M., 7s, 1903. J&J t
Ex land grant, 1st 7s, '99
90
60
Chic. Pek.& S.W.—1st, 8s,1901.F&A *30
Greenv. & Col.—1st M., 7s, “guar.”
55
50
Bonds, guar
Chic.R.I.&Pac.—S:F.,in.,68,’95F&A
7
112% Hack’s’k&N.Y. E.—1st, 7s,’90.M&N
6s, 1917, coup
J&J
Hannibal & Nap.—1st, 7s, ’88.M&N
6s, 1917, reg
J&J
103
Ch.St.P.& M’polis,lst,6s,g,’18.M&N 102
Han. & St. Jo.— Conv. 8s, 1885.M&S 104%
60
90
Land M., inc.,6s, g., 1918 ..M&N
Quincy & Pal., 1st, 8s, 1892.F&A
120
96
Kans. C. & Cam., 1st, 10s,’92. J&J tll5
Chic. St.Louis&N.O.—1st consol. 7s
91
116
.
2d mort. 6s, 1907
45
Harl.& Portchester—1st M,7s,.A&O 110
40
J&D
107
Ten. lien, 7s, 1897
Harrisb. P. Mt. J.& L.—1st, 6s. .J&J *106
96
M&N
110
Housatonic—1st M., 7s, 1885.F&A
Chic.&S.W.—1st,7s, guar.,’90. M&N 108
2d mort., 6s, 1889
Cin. Laf.& Ch.—1st, 7s,g.,1901.M&S
83
70
J&J
...
......
......
Sterling mort., 6s,
do
g.,
1902..M&S 1113
6s, g., 1910. M&N
Balt. & Pot’c—1st, 6s, g., 1911. J&J
1st, tunnel, 6s, g., g’a, 1911.A&O
Belle v.& S. Ill.—1st, S.F.8s,’96.A&0
Belvidere Del.—1st, 6s, c.,1902. J&D
1112
+104
1102
115
114
106
L04
111
*110
107
113
2d mort., 6s, 1885
L09
M&S
3d mort., 6s, 1887
F&A 102% 103%
Boston & Albany—7s, 1892-5.F&A tl21% L22
fa, 1895
J&J tlll% 112
Bost.Clint.& F —1st M..,6s, ’84,J&J
99 Hi L01
1st M., 7s, 1889-90
J&J r 105ia 107
N. Bedford RR., 7s, 1894....J&J 1106ia 108
Equipment, 6s, 1885
99% 100
F&A
Bost. Conc.& Mon.—S.F., 6s,’89. J&J t98
LOO
Consol. mort., 7s, 1893
L10
A&O tl08
Bost. Hart.&E—1st, 7s, 1900.J&J
31
35
1st mort., 7s, guar
28
J&J
Boston & Lowell—7s, ’92
A&O 1115% L15%
6s, 1879
A&O 1* 100% L00%
fa, 1896
J&J U06% L07%
New 5s, 1899
J&J
Boston & Maine—7s. 1893-94. J&J
102
tll9
106
L02%
L20
Bost. & N. Y. Air L.—1st 7s
►.
Bost & Providence—7s, 1893. J&j 1119% L20
Price nominal; no late transactions.
**•’**
t The purchaser also pays accrued interest.
••••••
......
*
$ In Loudon.
7 In Amsterdam.
THE
220
1891.. JAJ
FAA
A AO
Ill. Cent.—let M,Chic.A Spr.’98JAJ
|
AAO
Androscog. A Ken., 6s, 1891.FAA
105
105
92
Leeds A Farm’gt’n, 6s, 1901.JAJ
Portl’d A Ken., 1st, 6s, ’83..AAO
do
Cons. M., 68, ’95.AAO
Mansf. A Fr’ham.—1st, 7s,’89..JAJ
94
114
100
42
♦109
♦103
Bterling, S. F., 5s, g., 1903.. A AO
Sterling, gen. M.,6e, g., 1895.AAO |114
do
58,1905
JAD J101
Ill. Grand Tr.—let M., 8e, ’90. A AO 113
54
Ind’lie Bl. A W.—let, 7e, g.,’09.AAO
5
2d mort., Se, 1890
JAJ
12
Extene’n let M., 7e, g., 1912.JAJ
72
Ind’polis C. A L. -7e of ’97,Low Noe
118
104
45
111
105
116
103
Marietta A Cin.—let M. ,7s,’91 .FAA
Sterling, let M., 7s, g., 1891.FAA
2d mort., 7s, 1896
MAN
3d mort., 8s, 1890
JAJ
Scioto A Hock.Val., 1st, 7e..MAN
Balt. Short L., 1st, 7s, 1900..JAJ
113*2
60
Cin. A Balt., let, 7e, 1900... .JAJ
8
Marietta P. A Clev.—let, 7e, g., ’95
65
do
High Noe
1899
JAD
Ind’apolie A Cin., let, 7e,’88. A AO ibo"
Indianapolis Peru A C.—let. mort..
73
Ind’polie A 8t. L.—let,7e, 1919. Var
30
2d mort., 7e, 1900
AAO
Ind’apolieA Vin.—let, 7e,1908.FAA 10L
90
2d mort., Oe, g., guar., 1900.MAN
InternT AGt.No.—Int. let, 7e.AAO
Conv. 8e, 1892
FA A
let Purch. Com. Receipts.......
i
do
do
2d
do
H. AGt. No., let, 7e, g., 1900
do
Conv. 8e, 1892... FA A
do let Purcb. Com. Receipts
do 2d
do
do
Ionia A Lansing—let 8s,’89. ..JAJ
I’a Falls A Sioux C.—1 et, 7e,’99A AO
Ithaca A Athene.—1st in., 7e,g.JAJ
Jackson Laneing A Saginawlet M., 88,’85, “white bonds’’JAJ
North Exten., 8s, 1890
MAN
Consol, mort., 8s, 1891
MAS'
Jameet. A Frankl.—1st, 7e, ’97.JAJ
2d mort., 7e, 1894
JAD
I
86
25
93
22
*
90
JAJ
Ind’pciie A Mad., let,7s,’81.MAN
104
j
JAJ 102%
7e,1906. A AO 1112% 113*2
104 *4‘
100
102*2 106
102
107
k
73%j
j
mort., Denver
1899.MAN
97
Nebraska—let,7s, (end. B. A M.)AAO
90
86
Newark A N. Y.—let, 7e, 1837.JAJ,
60
New’kS’eetAS.—let;7e,g.,’89.MAN
70
N.Haven ADerby, 1st M., 7s,’98. Var
102*8 102 *2 N. H. A N’th’ton—letM.,78,’99. JAJ
AAO
Small bonds
Laf. Bl.A Mies.—let, 7e, g.,’91.FA A
Lar.Munc. A Bl.—let,7e,g. 1901FAA
Lake Shore A Mich. So.—
M. So.A N.I., S.F.,lst, 7e,’85.MAN
Cleve. A Tol., let M.,7e, ’85..JAJ
do
2d M., 7e, 1886.A AO
Cl. P. A Aeh., 2d M., 7e, ’80..JAJ
Nashv. A Decat’r.—1st,7s,1900. JAJ
Nashua A Low.—6s, g., 1893.FAA
119
93
KeokukADeeM.—l8t.5e, guar.AAO
93*2
j
94*2
90
93
k
Conv. 6s, 1882
l.AAO
N. J. Midl’d—let M., 7e, g.,’95.FAA
2d mort.,7e, 1881
FAA
N. J. Southern—let M.,7e,’89.MAN
N’burghAN.Y.—let M.7s,1888.JAJ
k
111
iio
N. Lon. ANorth.—let
2d mort., 7e, 1892
.JAD
......
......
.
102
102
102
Mem.A 0.,etl., M.,7e, g.,1901 JAD 1110
M-AClarkev.,8t’g,68,g.,1902 FAAi + 101
L. Paducah A S.W.—8s, 1890..MAS!
Macon A Aug.—2d, eiid.,78.’79.JAT'
95
Maine Cent.—Mort. 7s, 1898...JAJ 1110
...
I'nrwlo
*
Cq.
10'MI
4
tf)8
Price nominal; no late ti anaaotfons.
4th mort., 8s, 1880
Or. Alex.A M.,lstM., 7e,
88
107* *}
104
104
115
91
68, reg., 1910. A
do
Cone, mort., 6e, reg.,
87
72
90
283s
28*2,
63*2
41
100
119
115
103*2
116*2
117% 117*2
108
106
106*2 107
‘
1905..Q-
105
106
119*2 120
50
*30
t
104
70
J65
'
♦
117*2
114
41
105
85
85
70
60
25
15
85*2 88
39
38
105
90
121*2 124
111
110
70
106
110*2 111*2
70
Mort., 6e, ’80
JA.l
Debenture, 1893
JAJ
1st
105
6e, g.. 1920. JAJ 1103
2d mort.. guar.,
Phila.A Reading—
103%
103
115
120
110*2 112
101*2 102
Improvement mort., 6s, 1897
86*2
86*2
99
*107*2 108*2
Pitteb.ACon’llsv.—letM.7e,’98.JAJ
108-
108*2
109
110
106
1104
127
120
......
110
104
100
43
♦96
:o •on
30
104
30
Pleae’t Hill A DeSoto—1st,7s,1907.
1 Port Hur. AL.M.—let,7e,g.,’99 MAN
j
70
Portl’ndAOgb’g— lst6s,g.,1900
r
5
Pueblo A Ark. V.—let, 7e, g., 1903. 1104*2 105*4
: Quincy AWars’w—lstM.,8e,’90.JAJ 113
.
104
let 7e,
17
1921,
reg
Lich’dADan.—Con.,6s,’78
General mort., 6e, gold.
1
98
124*2:
104*2
117
1115
105*8
107*2
95
95
100
108
99
107
97
102
80
63*4
185
59
104*2
110
126
r Sag.Val.A St. Louis—let M.
M.&N.—let, 7s,1
*2| Sandusky
Savannah AChas.—letM.,7
123
!
103*2 104*4!
107*2 109 |
104
109
ii2
llO*e
72
*
'
7030
723bj
......
105
64
90
60
50
1101
60
103
108
25
103
*
102
,
100
M.,7s,’82-’88. J AJ
95
So. Carolinar— 1st
5s,g.,’82-’88.JA.
Bds,7s,’02,2d M.,unenjoinedAAC
1st, sterl. mort.,
110
106
2d mort. 7s,
gold, 1882, guar.
114
110
Extension.
114
$ In London.
:97
40
10
90
115
99
100
:*o :©
95
.r....
S. 1
South Side, Va.-
119
..
103
So. AN. Ala.—lst,8s,g.,end.’90..JAJ
do
......
..
!
*70%'
116
.
125
125
98
97
112
101
*106
1 Sheboyg’nA F-du-L.i Shore L., Conn.—let
102*2 103
15 *2
16*2’
60 |
56
56
■t 117
+99
102*2'
6s. due 1880.
102*2! Norf’kAPetersb.—lstM.,8s,’87.JAJ 107
1st mort., 7s, 1887
102*2
JAJ 105
112
2d mort., 8s, 1893
JAJ 102
North Carolina—M., 8s, 1878.MAN 109
103
North Missouri—1st M., 1895..JAJ
100
North Penn—1st M., 6s, 1885.JAJ ios *2
111
MAN 117
; 2d mort.,7s, 1896
i
moH.. 7q. I Q03
JT.^.I jn*«
110
34
105
35
80
20
l
124%'
121
1
•
44
112
107
124*2 125
88
185
Scrip for 6 deferred *2 coupons
102*2
94*4
95
103
101
tl05*4 106
109*2 ill
90
100
95
103
100
116
114
96
94
48
46
9
5
45
40
65
76*2
175*2
10934
t The purchaser also pays accrued interest.
67*4
do
6s, coup., 1905..J
Navy Yard, 6e, reg., 1881 ...JAJ *100
*102
Penn. Co., 6s, reg., 1907
Q
1
1*03*2
'
96*2
t
109
-
118
100
31
♦39
Frankfort Com. Rec’ts, x coup...
95
Oew. ARome—let M., 7e, 1915.MAN
Oew. A Syracuse—let, 7s, ’80.MAN 100
Ott. Oew. A Fox R.-M., 8e, ’90.JAJ 11-6*2
Panama^-Sterl’gM., 7s, g. ’97.AAO |113
Paris A Danville-lstM., 7s .1903
ParisADec’t’r— lstM.,7s,g.,’92.JAJ
Pennsylvar .a—1st M., 6e, ’80. .JAJ 103
General mort, 6s, coup.,1910 Q—J 115
*55"!
71%
’82.JAJ
90
110
110
120
67
29
63
MAS
Oregon A Cal. let M. 7e, 1890. AAO
107
M.,6s,’S5.MAS
N.O.Jack.AGt.N.—lstM.,8s’86. JAJ
2d mort., 8e, 1890, certife ..AAO
109
100 34
2d mort. debt
AAO
N.O.Mob.AChatt.—let,8e,1915.JAJ
do
3d M.,7e, 1892.AAO 112
117*2 N.Y. A Can.-£ M„ 6s, g., 1904.MAN
Buff. A E., new bde, M.,7e,’98. AAO
N.Y. Cent. A Hud.—
Buff. A State L., 7e, 1882
JAJ
i lev Mort., 7s, coup., 1903
Det. Mon. A Tol., let, 7s, 1906...
JAJ
118%
Lake Sli. Div. bonds, 1899..AAO
Mort., 7s, reg., 1903
JAJ
120
Subscription, 6s, 1883
L. S.AM. 8., cons., cp., let,7e. JAJ
MAN
120
do cone.,reg.,let,7e,1900.Q—J
Sterling mort., 6s, g., 1903... JAJ
114
N. Y. C., premium,6s, 1883.MAN
do vons., cp., 2d,7e, 1903..*
114
do
113
do cone.,reg.,2d,7s,1903.J
6s, 1887
JAD
do
real est., 6s. 1883..MAN
Lawrence—1st mort., 7e,1895.FAA
Hud. R., 2d M., 7s., 1885....JAD
I^high A Lack.—letM.,7s, ’97.FAA
i‘i5
N. Y. Elevated.—1st M., 1906.JAJ
Lehigh Yal.—let M., 6s, 1898. JAD 114
123*2 N.Y.AHarlem—7s,coup.,1900.MAN
2d mort., 7e, 1910
MAS 122
109
Gen. M., e. f., 6e, g., 1923
7s, reg., 1900
.MAN
JAD 107
N. Y. Lake Erie A West. (Erie)—
Delar o Ld Co. bds, end.,7e,’92JAJ *100
1st mort., 7s, 1897,extended MAN
Lewieb. <st Spruce Cr.—let, 7e.MAN
102"
2d mort., 7s, 1879
Little Miami—letM., 6s,1883.MAN !ih
MAS
3d mort., 7s, 1883
t40
L. Rock A Ft.S.—let,l.gr.,7e’95.JAJ
'.
MAS
4tk mort., 7s, 1880.
Little Schuylkill—let, 7e, ’77. AAO
AAO
106*2
5th mort., 7s, 1888
JAD
Long Island—let M., 7e. 1898.MAN * 105
80
1st cons. M., 78, g.,1920.ex. MAS
Newtown A FI., 7s, 1903 ...MAN
80
New 2d cons. 6s, 1969
N. \. A Rockaway, 7s, 1901. A AO
JAD
1 st cons, fund coup.,7s, 1920 MAS
Smitlit’n A Pt. Jeff, 7b, 1901. MAS
107“
2d cons, f’d cp., 5s,1969
Lonis’a A Mo.R.—let, 7e, 1900FAA
JAD
100
2d mort., 7e, 1900
Long Dock mort., 7s, 1893..JAD
MAN
Lau’v.C.ALex.—lst,7e,’97 JAJ (ex) 1110 *2 110 34 N.Y.AN.Eng.—1st M., 1905... JAJ
94
96*2' N.Y.AOs.Mid.—1st M.,7s,g, ’94.JAJ
112
Receiver’s certife. (labor)
do
do
2d mort., 7e, g., 1883
(other)
MAN 102% 103*4
102*o
! N.Y.Prov.AB’n—Gen. 7s, 1899. JAJ
Leo. Br. ext., 7e, ’80-’85.
101
100
110
82
Old Colony—6e, 1897
I
Income, 7e, 1892
MAS
Mobile A O.—1st, £, 8s, g. ’83..MAN
Ex. certif., ster., 6s, 1883.. MAN
Interest 8s, 1883
MAN
2d mort., 8s, var
March
•
Land let mort., 7e, g., 1880. .JAJ
Land 2d mort.,7e, g., 1886...
Leav. Branch, 7e, 1896
MAN
Income bde,No. 31,7e, 1916.MAS
do
No. 16,7e, 1916.MAS
Denver Div., Trust. Recte. ass...
Detached coup. Recte
1st mort.,Springf.Div., 1905 MAN
Oil Creek—let M., 7s, 1882...AAO
FAA 1109*2
6s, 1895
JAD 1109
78,1895
MAS 1119
OmahaAN.W.—let, 1. g., 7.3, g. JAJ
Omaha A S.W.—letM.,8e,1896.JAD 116
96
Or’geA Alex’ndriar-lst,6e,’73MAN
95*2
2d mort., 6e, 1875
11034
JAJ
45
Boonev’e B’ge,7s,gnar,1906. MAN
Han. A C. Mo., let 7a, g.,’90.MAN
do
2d, 1892.... MAN
Mo.Pac.—let raort„6s,gld,’88, FAA
2d mort.,7e, 1891
JAJ
Car. B., let mort., 6s, g. ’93..AAO
3d mortgage
107
2d mort., 6e, 1900
AAO *101
109
Kalamazoo Al.A Gr. R.— let, 8s. JAJ 102
Kal.A 8choolcraft—let, 8s, ’87.JAJ 100
i
Kal.A Wh. Pigeon—let, 7e, ’90. .JAJ 102
97*2
97
New 1st mortgage
K.GFt.ScottA G.—let,7e,1908 JAD
New debenture (let)
73*4
Kansas C. Lawr. A So. 1st, 4e. 1909
Mont.AEuf.—1st, end.8s,g.,’86 MAS
Kane. C. 8t. Jo. A C. B. —
101
Morris A Essex—let, 7s, 1914MAN
letM.,C. B. A St. Joe..7e, ’80. JAJ 1100
2d mort, 7s, 1891
FAA
K.C.St.Joe.AC.B., M. 7e,1907. JAJ 193*4 983s:
56
55
Construction, 7s, 1889
FAA
do inc. hde,rg.,6e,1907.AAO
114
Bonds, 7s, 1900
JAJ
K.C.TopekaAW.- let M.,7s,g.,.JAJ 1113
107*2
General mort., 7s, 1901
AAO
Income 7e
AAO 106
60
55
Consol, mort., 7s, 1915
JAD
Kansas A Nebraska—let mort..
26
24
Naeb.Chat. ASt. L.—1 st,7s,1913 JAJ
2d morl
120
119
1st, Teun. A Pac., 6s, 1917...JAJ
1
115
1st, McM. M. W. A A.,68,1917.JAJ
let
......
......
Miss.ATenn.—1st M., 8e,series “A”
do
8s, series “ B”
|
j Mo. Kansas A Texas—
!\ Cone, assessed, 1904-6
FAA
1st, 6s, g., 1899. (U. P. S. Br.)JAJ
2d mort., income, 1911
AAO
111
110
1103*2 104
Jefferson—Hawl’y Br. 7b, ’87..JAJ
Joliet A Chic.—let M.,8s, ’82.. JAJ
Joliet A N. Ind., let,7e (guar. M.C.)
Junction RR.(Pliil.)—let,6b,’82 JAJ
guar.,’86.JAJ 1105*2
Kalamazoo AS.II.,1st,8s,’90.MAN
Mich. L. Shore - 1st M., 8s, ’89.JAJ
Mil. A North.—1st, 8s, 1901... JAD
83*4 84
25
22
Minn. A St. L., 1st m., 1927...JAD
do
111*2 113
guaranteed
1104*4 104*2 Miss. Ceil.—1st M., 7s, ’74-84.MAN
1
do
2d m., 8s
*108
i
11 LO
1109
68*2
94*2
+93*2
Con.
Northern Cent’l Mich.—let,
70
40
100
75
45
102*2 103
60
30
95
70
35
Equipment bonds, 8s, ’83.. .AAO
Gd. Riv. V., 1st 8s,
108
67
JAJ
mort, etg. 6e, g., 1904.. .JAJ
Metrop’n Etev.—1st M ., 1908, JAJ
Mich. Cent.- -1st mort., 8s, ’82 AAO
120
Consol., 7e, 1902
MAN
let M. on Air Line, 8s, 1890. JAJ tlll% 112*4
106
103
Air Line, 1st M., 8s, guar. ..MAN
j
110
109*2
105
104
107
AAO
68, g., reg., 1900..
Mort. bonds., 5e, 1926
105% 107
Mem. A L. Rock—1st, 7s
78
40
103
95
100
North’n Cent.—2d mort. ,6s,’85. J AJ
3d mort., 6s, 1900
AAO
Con. mort., 6s, g., coup., 1900. JAJ
7e.....
100
95
Northern, N.J.—let M., 6s, ’88. JAJ
109
41% Norw’hAWorc’r—let M., 6e.’97. JAJ 107
17% 18*t Ogd’neh’gAL.Ch.—letM.6e,’98,JAJ 197*2 98*2
100
8. F., 8e. 1890
90
MAS tioo 101
OhioAMi88.—Cone. S. F.7s,’98. JAJ 112*2 113*2
Cons, mort., 7s, ’93
102
JAJ 112*2
99*2 100
2d mort., 7e, 1911
AAO
87*2
41*2
Consol. 7e..-.’.
JAD
Marq’tte Ho.A O.—Mar.A 0.,8s, ’92
6e, 1908..:
MAS
Mass. Central—let, 7e, 1893
Memp. A ChaiTn—1st, 7s,’80.MAN
2d mort., 7e, 1885
JAJ
14
......
112
Northeast.,S.C.—1st M.,8s,’99,MAS
2d mort,, 8s, 1899
MAS
100
105
102
105
105
107
99*2 101
94
93
Ask.
Bid.
Railroad Bonds.
Ask.
t98
1104
tioo
tl04
1104
105*2
MAN
Equipment 6s, 1882
3d mort.,7e,
let mort., 7e, 1889
Jeff. Mad. A Ind.-let,
2d mort., 7e, 1910
Bid.
Railroad Bonds.
105% 106*2' Maine Central—ContinuedCons. 7s, 1912
103*2 105*2
7s, g., ’91..
2d mort., 7e, g., 1895
Cone. 3d M. 7e, 1895
Ask.
Bid.
Railroad Bonds.
Waco &N. W.,let, 7e, g.,1903. J&J
Cone, mort., 8s, 1912
AAO
Inc. and Ind’y 7e, 1887
MAN
Houet. E. & W. Tex.—let,7e, 1898.
Hunt. A Br. Top—let, 7 e, ’90.. A AO
Fage of Quotations.
Explanations See Notes at Head of First
For
[Vol. XXIX.
QUOTAtlONS OF STOCKS AND BONDS—Continued.
GENERAL
Houston A Tex. C.—let,
West. Div., let, 7e, g.,
CHRONICLE.
U In Amsterdam.
105
87
84
60
108
100
100
90
104
90
195
75
95
-August 30,
QUOTATIONS
GENERAL
For
Southwestern (Ga.)—Conv.,7s,1886
Steubenv.&Ind.—lstM.,68,’84.yar.
& West.—1st mort
8t.L.Alt.&T.H.—1st M.f 7s, ’94. J&J
2d mort., pref.. 7s, 1894
F&A
2d income, 7s, 1894
M&N
St. Louis & I. Mt.—1st, 7s. ’92,.°&A
2d mort., 7s, g., 1897
M&N
1st 7s, pf. int. accumulative
2d 6s, int. accumulative
Cons, mort., 7s, g., 1914
A&O
Ark. Br. 1. gr., M., 7s, g., ’97.J&D
Cairo Ark. & T.,lst,7s,g.,’97.J&D
Cairo & Ful., lst,l.g.,7s,g.,’91. J&J
Bt.L.K.C.&N.(r.est.&R.),78,’95M&S
Omaha Div., 1st 7s, 1919—A&O
8t. L.& S.E.—Con. M.,7s. g.,’94M&N
1st, cons., 7s, g., 1902
F&A
Evansv. H. & N.,1st,7s, 1897. J&J
6LL. Jacks’v.&C.—1st, 7s, ’94. A&O
8t.L.Vand.&T.H.-lstM.,7s,’97.J&J
2d, 7s,guar., ’98
M&N
Ask.
89%
J&J
IT
do
South Pacific.—1st M, 1888 ..J&J
Summit Br.—1st, 7s, 1903
J&J
Sunbury&Erie— 1st M., 7s,’77. A&O
Bunb. H.& Wilkesb. 1st, 5s,’28,M&N
Busp.B.&Erie June.—1st M.,7s
Byr.Bing.&N.Y.—consol.7s,’06A&0
l^erre H.& Ind.—1st M., 7s,’79. A&O
Texas & Pac.—1st, 6s, g.1905 M&8
Consol, mort., 6s, gold, 1905. J&D
Ino. and land gr., reg., 1915. July
Tol.Can. S.&D’t.—lst,7s,g.l906J&J
Tol.P.& W.—lets,E.D.,7s,’94. .J&D
Burlington D
do
1st
V
...
«T
....
94
190
*117
84
90
110
100
86
100
110
60
50
1074
107
35
116
117
105
108
113%
109
114
i*13%
48
95
84
50
100
92
Toledo & III. Div. 7s
F&A
Lake Erie Wab. & St. L. 7s... F&A
Gt. Western 1st mort.. 7s...F&A
Illinois & South. Iowa 7s...F&A
Decatur & E.St.Louis 4-5-6s. F&A
......
Chicago
Chicago
Chicago
Chicago
Chicago
100
100
100
50
50
100
50
j
Delaware
i
.100
50
East Tennessee Virginia & Ga.100
Eastern (Mass.)
100
i
Dubuque & Sioux City
East Pennsylvania, leased
166
1
100
Eastern in N. H
i Eel River.
Elmira & Williamsport, 5
do
Pref.,
Erie & Pittsburg, guar., 7
!
80
74
.
00 O
I
j
Fitchburg.;.
100
100
50
7..50
50
100
634
934
73%
96
37
W. Jersey—Debent. 6s, 1883..M&S
1st mort., 6s, 1896
J&J 108
Consol, mort., 7s, 1890..
A&O *110
Wichita&S.W.—1st,7s,g.,guar.,1902 1103
37%
Wil.Col.&Aug.—lstM.,7s, 1900. J&D
W11.& Weldou—S. F., 7s, g., ’96.J&J 103
38
Wis. Cent.—1st, 78, soups. unfund.
Winona&St.Pe t.—IstM. ,7s,’8 7. J&J 108%
2d mort., 7s, 1907
M&N
Ex.. 1. e., mort.. 7s. g.. 1916.. T&D iro«4
111
114
104
40
112
45
107
Hannibal &St.
Joseph
!
944
do
Illinois Central
do
89%
25
100
117% 118%
121% 123%.
156
24%
45 V
31
126
$4-5
87
16
444 44 %?
119% 120
46
50
25
Phila. Germ’n & Nor., l’sed, 12.
Phila. Wilmington & Balt
v
50
Pref... 50
100
100
10%
19
*146
147
.50 $103
104
65%
$60
50
J
m
.
m
112
102
*49
do
8pecial, 7.100
100
Pleasant Hill & De Soto
Portland 8aco& Portsm.,l’sed 6 100
Portsm’th Gt. Falls & Conway. 10^
Providence & Worcester
100
Pueblo & Arkansas Valley
100
Rensselaer & Saratoga...;
100
60
109%
9
104
58%
21
53%
12%
16V
41
50|$
Seaboard & Roanoke
100
do
100
Shamokin Val. & P.. leased, 6...50
Shore Line (Conn.), leased, 8... 100
South Carolina
100
Southwestern, Ga., guar., 7
100
„
122
125»
Syracuse, Bingh’ton & N. Y—100
Summit Branch, Pa
50
Terre Haute & Indianapolis
100
$1
V'6%
86is
103
110
105
Toledo Peoria & Warsaw;:
100
do
do
1st pref. 100
do ’
do
2d pref.. 100
United N. Jersey RR.& C. Co.. 100
Union Pacific
,
100
Vo; men* & Cu^iaUa, eased
100
Vermont & Mass., leased, 6
100
Wabash
Warren (N. J.), leased, 7
50
Westchester & Phila., pref
50
West Jersey
50
West.
Maryland
Wichita & Southwestern.
55 %
Worcester & Nashua
$
100
Wilmingt’n & Weldon, leas’d, 7.100
100
$ In London,
»
$54
Pittsburg Titusville & Butfalo.. .50
PittstK Ft. W. & Chic, guar., 7.100
37
v»n
I The purchaser also pays accrued interest.
-
’*5*
Pittsb. & Connellsville, leased...50
100
160
41%
Pittsburgh Cincinnati & St. L...50
guar
109%
50 $10
50
50 ,$184
Philadelphia & Reading
do
50
Pref., 7
Phila. & Trenton, leased, 10... 100
do
pref
Schuylkill Valley, leased, 5
61
16
50
50 $
12
39
35
16%
16
60
154
100
Pref
18%
8i
$16
100
do
158
12846
$174
44L2 Republican Valley
100 113%
18
100
140
Richmond & Danville
100
Richmond Fred. & P
do
do
100
guar. 6
do
do
32is 35
guar. 7
100
Richmond & Petersburg
105
106
100
Rome Watertown & Ogdensb .100
1*66' Rutland.
100
do
56%
Pref., 7
100
22
St. Joseph & Western
St. Louis Alton & Terre Haute. 100
15
do
do
Pref. 100
Belleville & So. Ill., pref
100
St. Louis Iron M’n & Southern. 100
§*....
27
do
assented....
St. Louis Kansas C. & North.. .100
do
do
pref., 10.100
12%
St. Louis & San Fran
100
do
Pref
100
16%
41
do
1st pref.. 109
St. Paul & Duluth
Kansas City Ft. Scott & Gulf.. .100
do
do
pref. 100
Kansas City Lawrence & So .. .100
Kansas City St. Jos. & Conn. B.100
Kansas City Topeka & West’n. 100
Kansas & Nebraska
.50
Kansas Pacific
rlo
1314
'
50
Philadelphia & Erie
do
Pref., 8
80
120
Indiauap’s Cin. & Lafayette
50
Jeft’v. Mad. & Ind’p’s, l’sed. 7..100
Joliet & Chicago, guar.. 7
100
Kalamazoo A. & Gr.R., guar., 6.100
Keokuk & Des Moines
8OI4
100
100
74
97
Harrisburg P, Mt. J.&L., guar.,7.50
Housatonic
100
do
Pref., 8
100
Houston & Texas Central
100
Huntingdon & Broad Top
*.
$55
50
Pennsylvania Railroad.
63% Pennsylvania Company
Pref., 7.. 100
do
140ift
42ift
3
100
100
Pref
do
Walnut V.100
1 744 Frankfort & Kokomo
50
Georgia Railroad & Bank’g Co. 100
91
Grand River Valley, guar., 5.. 100
Florence El Dorado &
50
50
25
Panama
Chicago St. Paul & Minn., com 100
do
pref. 100
22
Chicago & West Michigan
100
32%
Cm. Hamilton & Dayton
..100
Cin. Sandusky & Cleveland
50
do
Pref., 6.50 $30
Clev. Col. Cin. & Indianapolis.. 100
Clev. & Mahoning Val., leased...50
Dayton & Michigan, guar., 3%..50
do
Prer., guar., 8.50
Missouri Kansas & Texas
Mobile & Ohio
Morris & Essex, guar., 7
Nashville. Chat. & St. Louis
Nashua & LowelL
40*2
50
pref
pref
Memphis & Charleston
Metropolitan Elevated
Michigan Central
Mine Hill & S. Haven, leased
140
100
Colony.
100 109
Oswego & Syracuse, guar., 9.. ..50
Pacific of Missouri (new)
100
100
50
100
100
Old
100 138%
50
100
1st
2d
8642
Pref., 7.100
83
1 Delaware & Bound Brook
100
97
1 Delaware Lack. & Western
94
50
100
105% 107%- Denver & Rio Grande
894 90 | Det. Lansing & Northern, com .100
do
do
pref. 100
92
28
Pref., 7.100
100
Prof
Manchester & Lawrence
Manhattan Railway
Marietta & Cin
54%:
534
100
Norwich&Worcester,leased,10.100
Ogdensburgh & Lake Champ... 100
do
Pref., 8. .100
Ohio & Mississippi
100
6-42
Burlington & Quincy.-.lOO
Clin. Dubuque & Minn. 100
& East Illinois
100
Iowa & Nebraska
Milwaukee & St. Paul. 100
do
50
50.
Naugatuck
100
Nesquehouing Valley, leased, 10.50
9312 New Haven & Northampton.... 100
New Jersey Southern RR
100
100
Cumberland Valley
50
7
N. London Northern, leased, 8.. 100
New Mexico & So. Pacific.
100
N. Y. Central & Hudson Riv... .100
New York Elevated.
New York & Harlem
50
do
pref
50
N. Y. L. Erie & West., $4 paid
do
Pref, $2 paid
New York & New England
100
N. Y. N. Haven & Hartford
100
New York Providence & Bos... 100
North Pennsylvania
50
Northern Central
50
Northern New Hampshire
100
Northern Pacific, common
100
Pref
do
100
100
100
Pref., 7
50$
41
50
50Ld.100
Columbus & Hocking Valley—50
Columbus & Xenia, guar., 8
50
Coucord
50
Concord & Portsmouth,guar. ,7 100
Connecticut & Passumpsic..... .100
Connecticut River
.100
90%*
40
nominal; no late transaction?.
80
75% 76
116% 117
Clev. & Pittsburgh, guar., 7
50
Col. Chic. & Indiana Central... 100
......
89
Warren&Fr’kln—l8tM.,7s,’96.F&A
117
Westch’r& Phil.—Cons, ,7s,’91. A&O 116
113
West’n Ala.—1st M., 8s, ’88...A&O 109
2d mort., 8s, guar., ’90
A&O 109 113
118
West. Md.—End., 1st, 6s,90...J&J 114
1st mort., 6s, 1890
J&J 100 106
L18
End., 2d mort., 6s, 1890
J&J 114
75
70
2d mort., pref., 6s, 1895
J&J
2d, end. Wash. Co., 6s, 1899 J&J 108
116
3d, end., 6s, 1909
J&J 114
West’nPeun.—lstJM..6s, ’93..A&O 103% 105
104
Pitts. Br., 1st M., 6s, ’96
J&J 102
105
95
West. Union RR.—lstM.,7s,’96F&A
1
115
106
894
Oousol. Convert., 4-5-6s
F&A
Warren (N.J.)—2d M., 7s, 1900. ..
Price
Cheshire, pref
Chicago & Alton
do
98% 100
Toledo & Wab. 2ds, 4-5-6S..F&A
Wab. & Western 2ds, 4-o-6s.F&A
Great Western 2ds, 4-5-6s.. .F&A
10
75
100
50
Catawissa
1
27
10
106
120
10
3
25
25
113
F&A
111
101 *2
....50
Pref
do
1
...J&J
Equipment, 7s, 1883
M&N
Cons, mort., 7s, 1907,con ,exQ—F
1st, Bt. L. div., 7s, 1889, ex.F&A
Gt. West., III.,1st,7s,’88,ex.F&A
do
2d,7s,’93,ex.M&N
Q’ncy & Tol., 1st, 7s,’90, ex.M&N
Ill. & 8. Ia.. 1st, 7s, ’82„ ex.F&A
Wabash Fund, Int. Bds., 1907—
75
1 Chicago & North Western
1
95
25
5
.J&J
Mississquoi, 7s, 1891
VernPt& Mass,—1 st M., 6s, ’83. J &J U05
Conv. 7s, 1885
J&J 1118
9
Vermont Cen.—1st M., 7s, ’86.M&N
1
2d mort., 7s, 1891
J&D
22
Income extension 8s
M&N
22
Btanstead S. & C., 7s, 1887. J&J
45
Vick.&Mer.—lstM..end.,7s,’90.J &J
30
2d mort, end., 7s, 1890..;. i .J&J
Quincy & Toledo 4-5-6s
do
Canada Southern
1134 L13%i Chicago & Rock Island
118
Chic. St. L. &N. 0
111
4th mort., 8s. 1900
J&J
Wabash—1st M.,ext.,7s,’90,ex.F&A
2d mort., 7s, 1878
M&N
9
65
Central Pacific
Charlotte Col. & Aug
100
| Chesapeake & Ohio, common ..100
do
1st pref.. .100
J
do
2d pref.... 100
;
Verm’t & Can.—New M., 8s
*
1
i
’96.A&O 1116
Virginia&Tenn.—M., 6s, 1884.. J&J
100
100 13612
do
Old, pref
do
New, pref
Cedar Rapids & Mo. and Ia.
do
103%
Pref., 7
79
Central of Georgia
34
Central of New Jersey
70
Central Ohio
do
Pref.
$114
6s, 1901
M&S $115
Cam. & Amb., 6s, 1883
F&A 103
do
6s, 1889
J&D 105
do
'
mort., 6s, ’89.M&N 113
-
110
101
145
53
52
do
Mort., 7s, 1891
123is 124*'
87%.
874
100
50 $41% 42%
493* Lykens Valley, leased, 10
101% Macon & Augusta
Maine Central
114* *
Ask.
100
Long Island
j Burlington C. Rapids & North. .100
Burlington & Mo., in Neb
..100
98% Camden & Atlantic
.50
53%
United Co’s N.J.—Cons.,6s,’94.A&O *108
Union & Titusv.—1st, 7s, 1890. J&J
Utah Cen.—1st M„ 6s, g.,1890. J&J
Utah Southern—1st 7s, 1891
Utica & Bl’k R.—1st M., 7s, ’78. J&J
49%
!
78
do
UnionPac.—1st M.,0s,g.’96-’99.J&.J
Land Grant, 7s, 1887-9
A&O
Sink. F., 8s, 1894
M&S
100
j
....
for cous’d
Om. Bridge, sterl. 8s, g.,
2d, pref
Boat. Clint. Fitcnb. & New Bed.100
do
do
pref 100
109% Bost. Con. & Montreal
100
90
do
Pref., 6... 100
Boston & Lowell
500
i
Boston & Maine
100
r;;::. Boston & New York Air Line, pref.
i
: Boston & Providence
100
1
Boston Revere Beach & Lynn.. 100
82
Buff. N. Y. & Erie, leased
100
pref. inc. for 2d mort
do
100
100
Washington Branch
Little Rock & Fort Smith
Little Miami, leased, 8
Little Schuylkill, leased,
Louisville & Nashville
50
Parkersburg Brauch
Boston & Albany
Lake Shore & Mich. So
Lawrence (Pa.), leased, 10
11%
88
100
Augusta & Savannah, leased... 100
Bid.
Railroad Stocks.
Lehigh Valley
Atchison Topeka & Santa Fe..l00 xlOl
5
Atlantic & GuU,g iar.,7
100
Atl. & St. Law., leased, 6, £—100 $113
do
Ask.
Par.
.
Baltimore & Ohio
do
Pref., 6
70
10
100
1st mort., W. D.. 7s, 1896...F&A
Burl. Div., let, 7s, 1901
J&D
do
2dM.,7s, 1886
A&O
Purch. Com. Rec’t 1st M., E. D...
do
1st mort, W. D...
t75
175
I Allegheny Valley
Atchison & Nebraska
103%
.
Worc’r& Nashua—58, ’93-’95..Var.
Nash. & Roch., guar., 5s, *94.A &0
South.—Lim., A., 6s,pref.
Lim., B, com
) Albany & Susqueli., Guar., 7...100
99
106
69
7
*99
113
*107
88
Bid.
Ala. Gt.
i
96%
of First Pajge of Quotations.
Railroad Bonds.
RAILROAD STOCKS.
..43J
93
90
’’I
2d M
60
112
94
67
11
J&D
M&N
8t.L.&9anF.—2dM.,classA,’06M&N
105
69
30
115
65
27
110
«T
Bonds of 1869, 7s
St. Vincent & B.. 7s
|
103
1104
8t. Paul & Pac.—1st sec., 7S...J&D
2d sec., 7s
M&N
Cons., 78
OF STOCKS AND BOND3—Continued.
Explanations See Notes at Head
Bid.
Railroad Bonds.
Bt. Joseph
2d mort
221
THE CHRONICLE
1879.1
f In Amsterdam. i Quotation per share*-
THE
222
GENERAL
For
Bid.
Canal Stocks.
Ask.
CANAL BONDS.
Chesap. <fe Delaware—
1st mort., 6s, ’86 J&J
”75
Chesapeake & Ohio—
"6s, 1870
Q.-
35
80
50
Delaware Division-
68, 1878
QUOTATIONS
CHRONICLE
OF STOCKS AND
Bid.
Miscellaneous.
EXPRESS ST’CKS
Adams
100
American
100
United States
100
Wells Fargo
100
Ask.
Clinton Coal & Tron.TO
do
certs
99
20
23
45% Cumberl’d Coal&I.lOO
42
43
98
98% Hohiestake Min’g.100
Toe,list. Mt. Coal M
50
70
38
George’s Cr’k C’l (Md.)
100
100
100
13
105
105
James Riv. & Kan.—
Lehigh Navigation68, reg., 1884....Q-
106
108
Newton & Wat’n
Salem, Mass.,
.
94
95
Louisville & Portl.—
104
106
3d mort., 6s
4tfc mort., 6s
105
107
MorrisBoat l’n,reg.,’85A<fe
New mort
79
801s
100 % 101
74% 75
42
45
*60
70
80
Susquehanna—
Par.
*§2
*§23%
Louisville G. L
Mobile Gas & Coke. 8
Central of N. Y
50
Harlem, N. Y
50
Manhattan, N. Y... 50
100
N. Y
100
107
50
35
135
110
110
50
85
74
60
40
140
115
115
55
90
76
§«...
.
40
Carondelet
San Francisco G L
72
82
75
50
x90%
S
MAN UFACT’ING
*§
10
5*
..
100
108
108
108
104
Bartlett (Mass/)... 100
Bates (Me), new ..100
101% Boott Cot. (Mass.) 1000
105
Boston Co. (Mass.) 1000
Boston Belting.... 100
Bost. Duck (Mass.)700
Cambria Iron(Pa.). .50
Chicopee (Mass.)
105
1st, conv.,6s,’97.J&J
Cumherl’d&Pa., 1 st,*91
III. & St. L. Bridge-
RR.,lst,£,9s,g.
Mariposa Gold L.&M.Cons. M., 7s, ’86.J&J
Pullm’n Palace Car—
2d series,8s,’81M&N
3d series, 8s,’87F&A
4th do
8s,’92F&A
Deb’nt’re,7s,’88A&0
Stlg, 7s,g.,1885 A&O
St.Charles Bridge, 7s
Spring Valley—
W.W.,lsts,1906.M&S
-
(Mass.)loo
(Mass.)...lo6
Essex Wool
+37
•14
;60
102
101
107
100
91
42
16
65
Everett
Franlrlin ^TVTa )
Great Falls (N. H.)100
Hamilton (Mass.) iOOO
Hartf. Carpet (Ct.)lOO
Hill (Me)
100
Lowell
(Mpsa)
Lowell
97
114
1 on
Holyoke W. Power.100
103
Jackson (N. HJ..1000
102
100
Kearsarge
10714 Laconia (Me)
400
100% Lancaster M.(N.H)400
Lawrence (Mass.) 1000
103%
.
Western Union Tel.—
7s, coup., 1900. M&N
7s reg., 1900.. M&N
.100
Coclieco (N.H.)... .500
Collins Co. (Conn.).. 10
Continental (Me.) 106
Dougl’8 Axe (Mass)lOO
Dwight (Mass.) .'500
;89
Lowell
115
115
AQfl
Bleachery.200
Mach.Shop.500
Lyman M. (Mass.). 100
Manchester (N.H.) 100
Mass. Cotton
1000
Stefl’g 6s, 1900.M&I* ,10712 1081*2 MeiTimack(Ma8s)1000
Middlesex (Mass.). 100
Nashua (N. H.)..[.500
MISCELLANEOUS
STOCKS.
Amer. Dist. Tel
25
Amer. Dist. Tel.(Balt.)
Atlan. &Pao. Tel.. 100
Boston Land
10
Boston Water Power..
Brookline (Mass.)L’d5
Canton Co. (Balt.). 100
Cent. N. J. L’d Imp. 100
Cin. & Gov. B’dge pref
Equitable Tr. (N.Y) IOC
•Gold & Stock Tel. ...21
Louisville Bridge
McKay Sew’g Mach. 1C
Merc’ntile Tr. (N Y) 10C
N.E. Mtg.SecurJBost.)
N. Y. Lif e&TrustCo. 10(
O. Dominion SS.Co.HM
Pacific Mail SS. Co.lO<
Pullm’n Palace CarlO(
St. Louis Transfer Co
Sutro Tunnel
1<
Union Trust
10(
U. S. Trust Co
1(X
U. S. Mnrt.On CNY)lo<
^Weat. Union Tel... 100
Naumkeag (Mass.) 100
18
34%
28
§28*2
1705
29
1715
900
124% 125
25
26
141
141%
1775
1780
1100
1080
137
137%
700
740
80
674
125
126
625
650
7
6%
35
40
88
90
580
565
95
100
117
120
75
76
95
96
997% 1000
225
230
95
98
200
180
1100
1050
34
32
465
4S0
805
1425
1400
630
200
225
797% 800
92
93
133
135
1110
1130
1425
1440
205
215
600
585
800
Mfg.(Md.)
Washington (Mass.) 100
|15
Weed Sew. M’e (Ct.)25
Willim’tic Linen(Ct)25
York Co. (Me.)
750
72
8
95
75
1175
•
790
340
25
1125
128
950
25
74
10
80
1200
COAL A MISCEL.
MINING STOCKS.
88
42
93
15c.
16%
Quincy
25
12%
1%
45c.
50c.
1-65
.
105
Tuscarora
*16
Union Consol
Yellow .Taeket
57%
100
25
Citizens’:".
10
Com. & Farmers’. 100
Farmers’ R’k of Md 30
Farmers’ & Merch 40
Howard
Marino
Mechanics’
People’s
28
Union
12% Western
931*4
Belvidere
Bertha & Edith
Best & Belcher.... 100
25
Big Mountain Coal. 10
Price nominal; no late transactions.
§42
10
50
City
100
e 100
100
100
100
100
„
11
•59
Buckeye
100
Columbian
Commerce
100
100
Commonwealth
Continental
100
100
Eagle
100 104% 105
100 105
105%
1 OO 135% 136
Exehan ge
Everett^
100
Faneuil Hall..
100
Fi rst, Nati on al
3-25
4-75
7
3*65
1678
Exchequer G. & S.100
Gold Placer
Goodshaw
Gonlfi & Curry S TOO
Grant
100
Grand Prize
Granville Gold Co
Great Eastern
Hale & Norcross. .100
HukiH
Hussey
Imperial..
100
Monument
100
l66
100
Old Boston
Pacific
50
100
1478
People’s
Redemption
Kings Mountain
•18
Lady Washington
J
100
•23
•52
100
100
50
.
360
Leeds
.
.
Republic
Revere
100
Rockland
Second Nat
100
100
Security
100
Shawmut
100
Shoe & Leather.. ..100
State
.100
Suffolk
;..100
Third Nat
100
Traders’
100
Tremont
TTnion
100
100
Washington
100
Webster.
9
100
100
.100
100
173
112
92
88
126% 127
99
97
170
93
95
135
133
121
120
107% 108
6034 61
96
95
140
137
127
122
122
120
102
101
120
132% 135
170
105% 106
101% 102
114% 115
112% 113
92
88
172
110
100
North
1*75
2-25
-
88
110
131
125
90
110%
132
127
98% 100
•27
May Belle
Memphis
flfAnkl yn t
Atlantic (State)
35
2*95
115
121
Fulton
110
115
203
75
City National
220
90
240
Long .Island
95
90
155
150
101
110
90
165
160
110
Brooklyn
.
First
National
flommercial
®
®
®
*
•
1-85
100
6% Ophir Silver
100
Orig.Comst’k G& S100
t The purchaser also pays accrued int.
.250
Metropolitan
92^
104% 105%
104% 105
80
75
100
99
137
142
105% 106
Maverick
100
Mechanics’ (So. B.) 100
Merchandise
100
North America
1-90
Mont Bross
Navaio
N. Y/& Colorado
Northern Belle
Ontario
100
100
.100
100
..
Mt. Vernon
Henry Tunnel Co
10
106
Globe
Hamilton
Hide & Leather
Howard
92
125
180
80
85
100
103
109% 110
Fourth National. .100
Freemans’
Merchants’
•61
•15
Findley
Lucerne
88
121
177
75
82
99
102
100
Massachusetts
4-75
•18
Eureka Consol.... 100
Leviathan
95
88
6% Market
100
4-75
Market (Brighton). 100
Dalilonega
100
105% 10538
1 OO
9% First Ward
Caledonia B. H
100
California
100
Calumet & Hecla
Cashier
ChoUar-Potosi
100
Cleveland Gold
10
Consol, North Slope
Consol. Pacific
Consol. Virginia... 100
Confidence Silver. 100
Crown Point
100
20
160
96
70
32
137
135
112
111
102% 102%
92% 94
96
100
103% 104
87
90
80
85
163
160
90
89
110
111
137
100
Eliot
Merrimac Silver... .10
Mexican G. & Silv. 100
American Coal
Butler Coal
25
Cameron Coal
10
Caribou Con. Min’g.lO
Cent.Arizona MinVlOO
•08
Bobtail
Bodie
Moose
4% Buck Mount’n Coal.5Q
%
•21
95
67
31
100
Bunker Hill
Central
1*35
Bechtel
Belcher Silver ....100
Leopard
100
106
Broadway
*
10%
' 120
103%
10%
115
103
16
120
100
100
Brighton, (Nat-)
7
108
9
8%
28% 30
100
Boylston
Am er ican Co nsol
Leaclville
5%
100
75
20
1%
25c.
Rn«i(n||
29
Atlantic
25c. Atlas....
5c. Blackstone
Blue Hill
Alpha Consol G&S.100
Kossuth
Lacrosse
33%
32
45
35
110
100
5
14%
29
41
25
...
30
100%
1
30
10
Second National
115
15
114
13
26
14
2% Third National... .100
25
Bullion
Bulwer
16%
BANK STOCKS.
Merchants’
National Excli’ge
5c.
99% American Flag
1638 161$
128
40c.
15
N. E. Glass (Mass.)375
98% 99% Independence
70
80
Pacific (Mass.)... 1000
Julia.
Penn. Salt Mfg. Co..50 1910
1920 Justice
80
Kentuck
Pepperell (Me J... .500 675
Union
83
10914 110
29
30
$4
278
8%
Par.
3534
3^
378
21s
214 Safmon Falls (N.H.) 300 x785
214
2% Saudw.Gla88(Ma8S.)80 310
38
Stark Mills (N.H.) 1000
20
15
Tremont& S. (Mass) 100 1110
105
Thomdike(Mass.)1000 xl27%
94
369
100
Southern Star G&8100
Farmers’&Planters’25
First Nat. of Balt 100
Franklin
12%
8% German American
(At N. V. Board.)
Am.B.H.8.M.(Pa.)12%
Amoskeag (N.H.) 1000
Androscog’n (Me.).166
99
Appleton (Mass.) .1000
Atlantic (Mass.)
.100 895
MISCELLANEOUS
101
5c.
2
10c.
10c.
3
CAL. & NEVADA
MINING STOCKS
STOCK s;
Amer’n SS.Co.(Phil.)-
1%
91
*s
'BONDS.
27
60
190
189
25
25
25
50
25
100
.
25
25
Superior
..
Chesapeake
Mesnard
Minnesota
National
Osceola
Petherick
Pewabic
Plienix
Silver Islet
Star
..
Baltimore.
Humboldt
International Silver20
25
25
25
City
Bank of Baltimore 100
Bank of Commerce.25
25
20
20
25
25
Rockland
15%
Silver Hill
Boston Nat....
*126
$7%
48
50
llidge".
Sifv.100
17% Utah
145
Washington, Phila..20 §*35
70
Portland, Me., G. L.50
St. Louis G. L
50 $78
70
47i€ Laclede, St. Louis. 100
24
2
15
140
160
32
140
40
Dana
Dawson Silver
Duncan Silver
107% Franklin
100
10
Tip Top.
BOSTON MINING
STOCKS.
Allouez
50
Calumet & Hecla.. .25
Central
25
33
145
50
305
-
...
Segregated Beleli’rl 00
Tioga...
§54 "
Copper Falls
.100
.
27% South Hite
1434 Standard
38
100
25
New York, N.Y
166
N. Orleans G. L. ..100
N. Liberties, Pkila..25
CANAL STOCKS.
12%
26%
Municipal... i
Union-r-
24
Westmoreland Coal.50
Wilkesb. Coal & I.. 100
Hartford, Ct., G. L..25
Jersey C.& Hobok’n20
People’s, Jersey C
Mutuafof
42
153
Stand/d Cons. G.M.100
.
15
Silver
41
112
55
50
65
22
80
Plumas
Phil. Sheridan
Sierra Nevada Silv.1 OO
100
120
Metropolitan, N.Y.100
lst, 7s, g.. 1900.A&0
2d M.,7s,g.,1901 J&J
3d, 7s, g., 1886.M&S
12%
10
x99
110
50
40
55
18
70
Citizens’, Brooklyn. 20
Metropolitan, B’klyn.
Nassau, Brooklyn ..25
People’s, Brooklyn. 10
Williamsb’g, B’klyn 50
Charlest’nJ*}.C.,Ga8.25
Chicago G.& Coke.100
Overman G. & S
Seaton consol.
XllO
Cincinnati G. & Coke
Pennsylvania—
63, coup., 1910.. J&
Schuylkill Nav.—
do 2d,end. 6s,g.M&N
Consol. Coal—
1st M., 7s, 1885. J&J
_
Ask.
Original Keystone
Savage Gold&
.166
100J4 100% Brooklyn, L. 1
68,g.,cp.&rg..’97J&
Consol. M., 7s.. J&
6s, R. C., 1896..A&0
Balt. Gas Light 6s
Canton (Balt.)—
£6s. g., 1904. ;.
Mort. 6s,g.,1904 J&J
Un. RR.,lst, end.,6s.
New Creek Coal
Bid.
Bank Stocks.
39% Raymond & Ely
St. Joseph T.earl
2
2
Marip’sa L.&M.CallOO
do
pref. 100
Maryland Coal... .100
13% N.Y. & Middle Coal.25
People’s G.L.ofBalt.25
Boston Gaslight.. .500 777% 780
102ia
Ontario Sil. Min’g.100
East Boston 7
1021*2
25
30%
Pennsylvania Coal.50
109
South Boston
100 105
105% Pilot Knob I. (St.L)lOO
Brookline, Mass... 100 104% 105 " Quicksilver Min’g.100
do
Cambridge, Mass. .100 126 % 126%
pref
75
80
St. Nicholas Coal...10
100
Chelsea, Mass
84
San Juan Sil. Min.100
Dorchester, Mass.. 100 x83
Jamaica Pl’n.MasslOO xlll% 112% 8. Raph’l Sil.,Mob. 100
109
do
1091$ Lawrence, Mass... 100 xl23 125
pref. 100
109
111
70
72
Shamokin Coal
25
Lynn, Mass., G. L..100
Maid.& Melrose... 100
90
85
Spring Mount. Coal.50
Reg. 7s, 1894 ..A&<
1st Pa.D.cp.,7s,M&
do
reg. 7s,M&
Ask.
*
Baltimore Gas....100
103
.
*
Bid.
*
103% 10412 Consol.Coal of Md.100
GAS STOCKS.
102%
Tun’l
Miscellaneous.
_
J&
*
BONDS—Continued.
Explanations See Notes at Head of First Page of Quotations
Delaware & Hudson-
♦
{VOL. XXIX.
J In London.
Man u faotu rers’
Mechanics’
Nassau
Brooklyn Trust
§ Quotation per share.
‘
GENERAL QUOTATIONS
For
Commerciallyat.. .100
Corn Exch. Nat.. .100 140
Fifth National... .100
First National
100 180
90
Hide and Leather
Home National ...100
Merchants’ Nat.. .100 200‘
Nat. B’k of Illinois.100 106
Northwestern Nat. 100
Union National... .100
Un.Stoek Y’ds Nat.100
140
130
German Banking Co..
Merchants’ National..
Nat. Bank Commerce.
Second National
Third National
"83*
Chemical
City
100
200
Continental
iio
180
190
Importers’ & Tr...l00
.
80
125
160
115
130
100
125
100
Connecticut River. .50
Far. & Mech. Nat. 100
First Nat
100
100
Hartford Nat
Mercantile Nat.... 100
National Exchange.50
Phoenix Nat
100
State
'
...100
62
120
78
32
111
101
145
118
64
147
110
115
63*2
125
82
35
114
102
148
119
66
150
114
132*^
100
140
103*8 103*2
105
206
Louisville.
Bank of Kentucky 100
Bank of LouisvillelOO
Citizens’ National. 100
117*2
100
99*2
City Nat
60
95
61
1*0*2
12
81
Commercial of Ky 100
City TobaccolOO
Farmers’ of Ky ...100
Falls
Farmers’ & Drov..l00
First Nat
100
German Ins, Co.’s. 100
German
100
German National. 100
100
Kentucky Nat
Louisv. tns.& B. Co.40
Masonic..
100
Merchants’ Nat. ..100
Northern of Ky .. .100
..
People’s
100
Second Nat
100
Security
100
Third National.... 100
Western
100
West.Finan.Corp. .100
Mobile.
Bank of Mobile
25
First Nat
100
Nat. Commercial.. 100
Southern B’k of Ala25
89
84
87
81
109*2
99
100
107
109
100
101
135
83
140
84
100
98
100
90
128
88
100
81
13
115
70
18
109*2
12
92
136
£70*
£101
£116
Second National.. 100
Seventh Ward
100
Shoe & Leather.... 100
8t. Nicholas
100
State of N. Y. (new) 100
40
Tradesmen’s
Union
50
80
135
80
115
85
First Nat
100
Farmers’&Mech.N.lOO
40
50
Manuf acturers’ Nat.25
82*2 Mechanics’ Nat....100
Nat. B’k Commerce.50
Nat.B’k Germant’n.50
Nat. B’kN. Liberties 50
15
Nat. B’k Republic.. 100
120
National Security. 100
75
20
107*4 108
Sixth Nat
12*2 Southwark Nat
9
40
95
20
96
98
Exchange
100
Federal
Hamilton
100
100
Imperial
100 102*2
Jacques Cartier... 100
Maritime
Merchants’
Molsons
Montreal
Nationale
Ontario
100
100
50
200
50
40
Quebec
100
100
100
100
Garden
*41*2 Spring
22d ward
......
35
102
100
60
57*2
...
Union
145
..
50
State Nat..
100
Union Nat
100
250
210
91
70
35
49*2 56
55
53
170
150
116
69
61
26
100
90
125
80
102
55
120
118
71
67
83
112*2
60
50*2
50
91
58
78
90
80
95
94
45
94
80
95
60
82
95
87
100
Price nominal; no late
Cincinnati
Citizens’
Commercial
Enterprise
Eureka
70
131*4 132
100
95
140
138
100
i
25
20
25
100
20
20
Fidelity
...20
Firemen’s
20
20
Germania
20
Globe
Merchants’* Manuf 20
Miami Valley
50
National
100
Union
20
Washington
20
Western...
25
110
Hartford, Conn.
170
100
Atlas Insurance... 100
Connecticut
100
100
Hartford
National
100
100
Orient
Phoenix
100
Steam Boiler
40
135
London.
Commerc’l Union ..£5
Guardian
50
92
135
85
104
60
Imperial Fire
25
Lancashire F. & L... 2
London Ass.Corp.l2*2
Liv. & Lond. & Globe 2
North’n Fire & Life
5
North Brit. & Mer. 6*4
Banking Co.100
..
75
125
80
115
85
100 xl27
100 xl27
75 xl03
National Traders’. 100 xl26
Casco Nat
First Nat
Merchants’ Nat
51
142
128
128
104
127
Mobile.
Citizens’ Mutual...100
Factors’* Trad’s’ Mut.
Mobile Fire Dep’t..25
Mobile Mutual
70
Planters’ & Merch.Mut
Stonewall
Wash’tonFire &M..50
Richmond, Va.
25
First Nat
100
Merchants’ Nat... 100
Nat. Bk of VirginialOO
Planters’ Nat
100
State Bank of Va.100
New
20
117
80
90
104
Crescent Mutual
Factors’ and Traders’.
Firemen’s
Germania
Hibernia
100
125
105
80
100
115
50
80
120
110
45
75
-
118
226
35
115
230
152
112
228
60
225
32
114
226
150
108
225
58
19
18
69
67
157
154
7*2
7*4
62
60
15% 16
41
39
44% 45*4
3%
3*8
.
Merchants’ Mutual
Mechanics’ & Traders’
New Orleans Ins. Ass’n
New Orleans Ins. Co
...
Commercial
Continental
transactions.
315
100 ;140
100
145
50
§ Quotation per share.
Last
50
American Exch...100
Atlantic
50
Bowery
Broadway
60
io*o*
65
200
190
200195
120
....25 185
25 175
Brooklyn
17
Citizens’
20
City
70
Clinton
Columbia
Commercial
Continental
185
108
115
100
30
50
100
45
110
50
130
170
160.
40 200
95
100
30 100
50 117
Firemen’s
17
Firemen’s Trust.... 10
Frank.* Emp’ium...
German-American 100
50
Germania
50
Globe
Greenwich
25
Guardian
100
Hamilton
15
Hanover
*
50
Hoffman
50
Home.
100
Hope
25
Howard
50
103
90
105
100
110
130
165
140
175
115
110
250
60
110
*7*5*
125
160
90
125
140
■85 *
117'
•
i
*
'*80*
90*
Importers’ & Trad..50 100
Irving
100 '60
Lenox
105
68
120 r
163
50;
60
118
125
105
90
100
25
Long Isl’d (B’klyn) 50
.
Lorillard
25
Manuf. & Builders’100
Manhattan
100
Mech. & Traders’...25
Mechanics’ (B’klyn) 50
Mercantile
50
Merchants’
5Q
Montauk (B’klyn).. 50
Nassau (B’klyn)....50
National
37*2
New York City
N. Y. Equitable
35
New York Fire.... 100
Niagara
50
North River
Pacific
25
25
100
Park
Peter Cooper
120
60
125
104
150
170
70
115
110
*7*3*
140
110
165
85
130
16*5*
105*
50
109
60
160
175
115
100
200'
106
107
230
20 180
50 110
Phenix (B’klyn) ....50 110
.
*10
38
50
Relief
Republic
100
120
115
90
‘*6o*;*
161
106
Star
52
50
100
115
Sterling
Stuyvesant
100
25
Rutgers’
Safeguard
St. Nicholas
Standard
Tradesmen’s
United States
Westchester
25
25
10
70
115
111
70
83
82*2
122
*
9*7 *
103
130
110
200
120
100
Williamsburg City. .50 185
Philadelphia.^
American Fire
.100
Fire Association... .50
Franklin Fire
100
Delaware Mutual... 25
Ins. Co. of N. Am’ca 10
Ins. Co. State of Pa 200
...
260
265
*37
32
39
32*fi
Pennsylvania Fire 100
>
Richmond.
100
City
8083
Virginia F. & M
25
Virginia Home.... 100
Virginia State
25
34
95
28
60
75
14
50
40
75
37
70
95
100
100 150
100 100
Ridgewood
100
21% Granite....
Merchants’&Mech.lOO
Piedm’t & A. Life. 100
75
85
36
105
St. Louis.
24*fl 25**
American Central..25
Citizens’
100 102*2
90
i
Jefferson
....100
9Q.
Marine
100
x79*2 80*2
10
*1*5
Pacific
100
104*2 106
52*2
San Francisco.
51*2 54
80
78
100 xil3 114
23*2 24*4 California
46
Hope
Lafayette
St. Louis.
50
40
115
90
25
100
.
....
Orleans.
Home
82
Adriatic
.Etna...:
People’s
.
B’k of Commerce. .100
97
70
122
75
135
110
80
100
98
120
100
75
120
Queen Fire & Life.. .1
Royal Insurance... .3 x21*4
Portland, Me.
SO
109
North American ..100
100
Prescott
100
Revere
Shawm ut
100
Shoe & Leather. .,100
Suffolk Mutual... 100
26%
......
72*2 73*4
65*4 67
Cumberland Nat.. .40 x50
128*2 129
Canal Nat
100 xl40
60
80
130
122
50
120
120
60
60
iEtna Fire
.100
Union Nat
50
Western Nat
50
West Philadelphia.100
City Bank
New Orleans.
Canal & Banking. .100
Citizens’
100
Germania Nat
100
Hibernia Nat
100
Louisiana Nat..
100
Mutual Nat
100
New Orleans Nat.. 100
100
100
100
50
115
85
133
125
60
122
122
70
110
Amazon(neAV stock) 20
50
100
Third Nat
..
Cincinnati.
94
30
136*2 Jefferson
136
72
67
Kings Co. (B’klyn) .20
Knickerbocker
40
164*2 165
65
60
Lafayette (B’klyn) .50
100
Lamar.
130
125
Eliot
1..100
Faneuil Hall
100
Firemen’s
100
Franklin
100
Manufacturers’.
100
Mass. Mutual
100
Mechanics’ MutuallOO
Mercantile F. & M.100
£99
.
British N. America
..50
Commerce
Consolidated
100
50
Dominion
Du Peuple
50
Eastern Townships. 50
*....100
Dwelling House...100
102
100
Philadelphia Nat .100 163
Second Nat
100
135
112
114*2 115
82
78
120
117
90
130
110
.
.
Exchange Nat.50
Eighth Nat
7
4
60
14
55
12
100
Eagle
Com
27*2
38*2
6*2
3*2
10
Washington
£105
Philadelphia.§
Consolidation Nat..30
7
6
27
36
NeptuneF. & M...100
N.Engl’dMut.F&MlOO
100*4
Teutonia....
Exchange
Farragut
Commonwealth. ..100
85
101*2
Empire City
Merchants’ Mutual.50
National Fire
10
Boylston
19
Sun Mutual.
Eagle
STOCKS.
Boston
145
83
B’k of N. America 100 240
Central National.. 100 *190
90
City National
50
66
Commercial Nat.... 50
30
Commonwealth Nat 50
103*2 Seventh Nat
98
INSUR’CE
Boston.
100
Alliance
American F. & M. .100
135
70
70
93
124
73
People’s
103
97
102*2
100 £100
Kensington Nat
Montreal.
Standard
Toronto
Union
Ville Marie
....
Girarfl National
112
30
55
115
Wells, Fargo & Co...
Maryland Fire
130
Nassau
100
New York
100
N. Y. Nat. Exch’gelOO
New York County. 100
Ninth National... .100
North America
70
North River
...50
Oriental
25
Pacific
.50
100
Park
Republic
90
Baltimore.
Associate Firemen’s.5
Baltimore Fire Ins. 10
Firemen’s Insur’ce. 18
Howard Fire
5
£100
50
20
105
70
25
25
Merchants’ Exch.. 100
Nat. Gold Bank& Tr. Co
Ask.
New York.
75
75
100
69
Grangers’ B’k of C.100
82
Bid.
Insurance Stocks.
American
Bank of California. .\.
First Nat. Gold
100
£130
100
Phenix
Valley National... 100
FIRE
225
Mechanics’& Tr.. .25
25
212
£130
50
People’s
205
90
51
7
75
72
70
Pacific...
.....
114
Ask.
San Francisco.
450
Leather Manufts..lOO
Manhattan
50
Manuf. & Merch’ts.20
Marine
100
Market...,
100
Mechanics’
25
Mechanics’ B. Ass’n50
Mercantile
Merchants’
Merchants’
Merchants’ Nat ...100
St. Louis National.100
Third National.... 100
Anglo-California
£80
25
180
*75
*120
*150
*110
*125
*90
*120
135
100
...
105
110
110
Excli’ge50
Metropolitan
100 £126% 127
City Nat
£1600
170
135
98
102
110
101
100
100
Irving
Mtna, Nat..
100
American Nat
50
Charter Oak Nat. .100
*
102
102
Bid.
People’s....
100
Fourth National ..100
International
100
Mechanics’
100
Merchants’, Old
25
100 £131
100 £97
Citizens’
Commerce
Corn Exchange
East River
;
Hartford.
People’s
100
Central National..100
Chase National... .100
Chatham
25
25
Eleventh Ward
First National
100
Fourth National... 100
Fulton
30
Fifth Avenue
100
Gallatin National .50
German American. .75
100
Germania
Greenwich
25
Grocers’
40
Hanover
100
Cincinnati.
First National
Fourth National....
100
112
Butchers’& Drovers25
;ag
Bank Stocks.
Ask.
130*4
25
Broadway
Co. 100
Head of First Page of Quotations.
Exchange
Bank.& Br’kers A. 100
Brew’rs’& Groc’rs’100
People’s National. 100
People’s of S. C. (new) 20
Second Nat
Bid.
New York.
America
100
American Exch’gelOO
Charleston.
B’k of Chas.(NBA) 100
First Nat. Chas.. .100
Cleveland.
Citizens’S. &L.... 100
Commercial Nat. .100
First Nat
100
Merchants’ Nat... 100
National City.... .100
Ohio Nat
...100
I
Bank Stocks.
BONDS—Concluded.
OF STOCKS AND
Explanations See Notes at
Ask.
Bid.
Bank Stocks.
S. C. Loan & Tr.
223
THE CHRONICLE.
30, 1879,]
August
69
*70
87*2
90
27
46*2
price this month
A
75
70“
Commercial
100
Firemen’s Fund... 100 113 ~ 114
82
80
Home Mutual
State Investment. 100 105. 108
Union
100 xll3 114
47*2 Western
preceding 29th.
100
105
.
THE CHRONICLE.
221
fVOL. XhlX.
“
In the last six months considerable advance has been made in
the price of your securities, and yet they have not reached,
their real value, but will do so, no doubt, as soon as the cloud,
which some of the holders of Tennessee State bonds have at¬
%nvtstmmU
AND
STATE. CITY AND CORPORATION FINANCES.
tempted to throw
over them
talent of this State is agreed
by suit, is dissipated. The le^al
that they have no cause of action
The Investors’ Supplement is published on the last Saturday against the railroads.
This Company* is interested in the ques¬
of each month, and furnished to all regular subscribers of the tion of bonds loaned by the State to railroads to the amount of
Chronicle.
No single copies of the Supplement are sold at tlie only one hundred and twenty $1,000 bonds lent to Jasper
'•ffice, as only a sufficient number is printed to supply regular branch, and even that number has been paid to the State in
subscribers. One number of the Supplement, however, is bound bonds of other series. No one believes that the sold roads can
tip with The Financial
in that shape.
Review (Annual), and can be purchased
ANNUAL
with good business, which now looks prom¬
ising, the small floating debt remaining may be paid off during
the year just entered upon, by the sale of assets and use of
surplus profits remaining after paying dividends to stockhold¬
ers, and still continue the improvement of property in laying
REPORTS.
Railway.
(For the year ending June 30, 1879.)
The annual report of this company has been promptly issued
The total of main line and branches operated is now 453
be interfered with.
“
It is hoped that
Nashville Chattanooga & St. Louis
steel rails, etc.
“
By action of the Board of Directors, and written consent of
majority in amount of the stockholders, this Company agreed
to furnish the iron, lay the track, and equip certain sections of
miles. The entire business of all the roads for the fiscal year
the Nashville & Tuscaloosa (narrow guage) railroad, not to ex¬
ending the 30th of June, 1879, was as follows :
ceed in liability" five thousand dollars per mile, whenever the
receipts.
EXPENSES.
stockholders of that road would prepare it ready for the iron
Freight
$1,231,170 Maintenance of way.... $317,474
441,545 Motive power
271,030 by doing the grading, bridging, and furnishing the cross ties,
Passage.
Mail
41,260 Maintenance of cars
103,3»7 in sections of twenty miles, commencing at Dickson Station on
Kents and privileges....
22,747 Conducting tr'sportation
260,190
The first section of twenty miles has
Miscellaneous
69,505 your Northwestern road.
been made ready for the iron, most of the track is already laid,
Total
$1,736,723 I
I
Total
$1,021,588 trains are running to Bon Aqua Springs, a popular watering
Net above operating expenses, 41 per cent
$715,135 place upon its line, and the whole of this section will soon be
INCOME
:
ACCOUNT.
Hot earnings as above
Interest on l>onded debt
$464,630
Interest on floating debt
13,383
Interest ou cost of Tennessee & Paciilo R. R
10,896
Ilifferenee in cost of steel rail and steel fastenings
over iron rails and iron fastenings, 25 per cent on
$107,309
$715,135
26,827
Extra ties used in laying 40*4 miles steel rail, 600
to the mile extra
"Two dividends paid to the stockholders
'Tares in Tennessee charged up, but not paid, pre¬
vious, to July 1, 1879
a
finished. It is believed the
responsibility of your Company for
this enterprise will not reach the limit fixed. The President of
the Nashville & Tuscaloosa railroad will soon make a deter¬
mined effort to reach Centreville, and push out at an early day
seven miles beyond that point to penetrate the almost inex¬
haustible deposits of brown hematite iron ore of that section,
the accounts of which, as to quality and quantity, given to us
by geologi sts and experts, are almost fabulous.” * * *
“Your directors have bought a large controlling interest (two
22,079—$708,016 thirds) in the stock of the Owensboro & Nashville railroad for
your company at the very small cost of about one hundred and
Balance
$7,119 seventy-five thousand dollars. In the construction of this road
The business of the road is shown more in detail by the fol¬ about two and a half million dollars have been spent, according
to Poor’s manual.
It is completed and running thirty-seven
lowing statements:
MAIN LINE, 9IIELBTVILLE AND JASPER BRANCHES.
miles from Owensboro to the crossing of the Elizabethtown &
Receipts
$1,647,596 Paducah Railroad. From that point to the Tennessee State
Expenses
973,867
line, near Adairsville, the grading and bridging lacks but a
Net above operating expenses
$673,729 fraction of being finished, leaving but thirty-six miles to grade
Out of which payments have been made
675,609 between Adairsville and Nashvillle.
It is estimated by compe¬
tent engineers that to finish this road in first-class order with
Excess of payments
$1,880
steel rail track, and with an independent bridge over the Cum¬
TENNESSEE <fc PACIFIC RAILROAD.
Receipts
$43,835 berland River near Hyde’s Ferry, near Nashvflle. will not cost,
Expenses
17,728 in money, exceeding ten thousand dollars per mile, or $1,200,6,037
164,161
—
Net above
operating
$26,107
expenses
Surplus
M'MINNVILLE A MANCHESTER RAILROAD.
Receipts
Expenses..
Net above
■Interest paid
operating expenses
Excess of payments
WINCHESTER A ALABAMA RAILROAD.
Receipts.
Expenses
16,732
Net above
Interest paid
Excess of
operating
9,600
payments
$12
Shelbyvillo andJjJasper brauches,
payments..
excess
of
$1,880
,
McMinnville & Manchester R. R.t excess of payments.
IViuchcster & Alabama R. R., excess of payments
Tennessee & Paciiic R. R., excess of net
ments
Balance of net earnings
The President’s report says :
“
$34,478 was paid during the year
GENERAL
$9,’>87
expenses
RECAPITULATION.
Main line.
whole, the distance from Owensboro to Nashville
The company has no bonded debt out.
13,206 being about 121 miles.
Preparations are being made for an early completion of this road,
$12,900 which will, with the proposed roads from Owensboro to Evans¬
ville, and from Owensboro to Terre Haute, give the nearest route
$18,972 between Atlanta,
Georgia, the great distributing point for the
13,261
South, and the grain-producing sections of the west, and must,
$5,710 when completed, add greatly to the business of the Chatta¬
3,600 nooga division of your line. This road runs
through one of
$3,8^9 the best sections of Kentucky, and through fields of bitumin¬
ous coal, veins of which are very thick, ana of
superior quality,
$26,319 and it will be a paying road.”
Interest paid
'
000 for the
earnings
^
3,889
12—
$5,781
over pay¬
$12,900
;
$7,119
INVESTMENT
NEWS.
Atchison Topeka & Santa Fe—Denver & Rio Grande.—A
few days ago a despatch was received from Denver, announcing
the fact that the Denver & Rio Grande Railroad had been
delivered up by the Atchison to the receiver, by whom it was
to be operated, pending the litigation, under orders of the Cir¬
cuit Court “ to manage it independent of the Atchison and all
other lines, solely with reference to its
to
own
interests and
so as
produce the largest possible earnings.”
The Boston Advertiser% which takes the side of the A. T. & S. F., says of this :
The lease of the D. & R. G. road by the Atchison of course
gave the latter company some important advantages, and
“
In addition to the foregoing,
for iron bridges on the Chat¬
tanooga division to take the place of wooden ones. The past enabled them to control in their own interest a good deal of
traffic. But the advantages of this lease are easily over-esti¬
year was the most trying one upon your road in its history,
first, on account of the almost entire failure of the wheat crop mated by those unacquainted with its terms. Under this lease
the Atchison
in Tennessee last season, and the very short corn crop,
to the D. & R. G. 43 per cent of gross earn¬
greatly ings, leaving paid
57 per cent to cover operating expenses. But
reducing local freights, upon which better rates are received,
and forcing us to compete t-o replace it from distant points. To such was the condition of the road and rolling stock of the
secure these and other
through freights, they had to be carried | Denver road that the 57 per cent of gross earnings has not
at very low rates, in some instances at only a fraction above been sufficient to pay the expense of running it. In tact, it has
cost of transportation, in competition with lines the managers cost the Atchison Company about 78 per cent of the earnings to
of which seemed to work for tonnage without much regam to operate the D. & R. G. road, and the result of running it six
revenue.
Next, the prevalence of yellow fever in epidemic months, as we learn on the best authority, has been a loss to
form at Memphis, and on your line at Chattanooga, Martin and the Atchison Company of about $70,000.”
Hickman, seriously affected the income of your road, and the
Baltimore & Ohio.—A report published in London gives
fo3S of net earnings from these causes could not have been less the following statement for the month of
July:
than eighty to one hundred thousand dollars. When these
1879.
1878.
-unavoidable misfortunes
considered, the results of the year’s
operations must be highly satisfactory to the stockholders/’ * *
The expenses were one cent per’ train mile, or $13,612 less
than for the preceding year, while the revenue received was six
cents per train mile, or $81,677 less than for the preceding year.
About $40,000 of this sum was loss from passage growing out
of the prevalence of yellow fever, and was a loss of net revenue.
**
are
Gross
earnings
Expenses
$1,236,955
611,582
Net earnings
$625,373
For the ten months of the fiscal year ending
was an increase of $608,785 in net
earnings.
$1,058,008
643,104
$414,904
July 31, there
Burlington Cedar Rapids & Northern—Chicago & North¬
Chicago & Northwest-
western.—The board of directors of the
Auotf8T 30,
THE
1879.]
OHltONIOLE.
Railroad Company has approved the lease of the Burlington
'
"
'
* doubt
Northern
in ortnern Ra
and~ there
is little
nailroad,
of the B. C. R. & N. will ratify the lease
agreement have not yet been published, but
it is understood that it is a lease in perpetuity, and will provide
for the payment of the interest on the bonds of the Burlington
Cedar Rapids & Northern Railroad Company by the Chicago &
Northwestern Company. The latter company will also guar¬
antee 3 per cent per annum upon the stock of the leased com¬
pany for five years, and 5 per cent thereafter.
The capital stock of the Burlington Cedar Rapids & Northern
Company is $10,000,000. The funded debt consists of $<1,500,000
first mortgage 5 per cent currency bonds, of which $504,200 are
era
Cedar Rapids
;apias and
ana
that the directors
The terms' of the
in possession of the company, and $150,000 guaranteed bonds of
the Minneapolis & St. Louis Railway Company. There are
suits now pending against the company involving about $750,-
000, but it is understood that by the terms of the lease the,
to be provided for by the leased company. The Chicago i
Northwestern Company now controls 2,158 miles of road, and,
with the addition of the Burlington Cedar Rapids & Northern
are
Railroad, it will operate nearly 2,594 miles.
Chicago & Lake Huron,-—The Western Division of
cago
was
the Chi¬
& Lake Huron Railroad (formerly Peninsula Railroad)
sold in Chicago, August 25, to Mr. Joseph Hickson and
representing the Grand Trunk Railroad, for $300,000.
others,
A short time
since, the Eastern Division of this road was
purchased by the
Grand Trunk. The former extends from
Port Huron to Flint, and this runs from Lansing
the Indiana State Line. The
met August 25, and completed an organization,
which is to be the Northwestern Division of the
to Milton, on
purchasers of the two divisions
the name of
Grand Trunk
Railway, with a capital stock of $1,500,000, and a Board of
Directors composed of Joseph Hickson, L. J. Sargeant, E. W.
Middaugh, James McMillan, Wm. C. Beardsley, Wm. S. Shep¬
ard and David G. Norton.
225
week
opened in the Essex County Circuit Court before Judge DeIt involves the question as to the legality of the bonds issued
by the city of Elizabeth. Wm. H. Meyer, through counsel,
appeared and asked that he be given authority to recover on
past-due improvement bonds, coupons of consolidated bonds and
funded bonds. Ex-Chancellor Benjamin Williamson and City
Counsel Chetwoed appeared for Elizabeth. They put in a plea
of the general issue, non est factum.
Counsellor Fish, for Mri
Meyer, replied that this plea was frivolous. ' His affidavits
showed that the former mayor, comptroller and treasurer of
the city of Elizabeth, and the present ones, had signed the bonds
respectively in their due course of business; also that they had
been presented at the Farmer^ Loan & Trust Company of New
York and payment refused. Ex-Chancellor Williamson claimed
pue.
distinction between individuals and corpora¬
tions, and that a plea by the corporation that the bond was not
made involved the valiaity of the issue. The Court stated that
counsel for the plaintiff should produce the authority on the
that there
was a
part of the city to issue bonds in
the shape of legislstive enact¬
the September term of
the motion.
The plaintiff’s counsel was very anxious
to have the defense ex¬
pose their line of defense, but the Court did not exact it, on the
ground that a sufficient case had not as yet been made. One of
the points made by the ex-Chancellor against judgment on the
plea was that the same questions will be tried at the next term r
ments, &c., and that on the first day of
court lie would rule upon
of court in cases in which eminent counsel are retained, and
hundreds of thousands of dollars are at issue. It would, he
claimed, not be fair, therefore, to ask the city of Elizabeth to
expose its line of defense prematurely, nor would it be fair tothe contestants.
Flint & Pere Marquette.—The bondholders’ committee give
notice that holders of consolidated bonds who desire to join in the proceedings instituted can deposit their bonds with th9 ;
Merchants’ Exchange National Bank, New York ; the Mechanics’
National Bank, New Bedford, Mass., or the First National Bank,
Chicago & Northwestern.—The following is from the Sioux
Utica, N. Y. Negotiable certificates will be issued for all bonds
City Journal: “The Chicago & Northwestern Railroad Com¬
deposited.
pany are not idle during the railroad racket now disturbing
Illinoig Midland.—At Springfield, Illinois, judgment credit¬
Dakota. They started this spring from Tracy, Minn., and in an
ors
of the Illinois Midland Railroad Company filed a cross bill
unostentatious way graded west seventy miles to the Sioux
in
the
U. S. Court, August 22, in the case of K. G. Hersey eial.,
River, near Medary. This they have mostly ironed. Another
vs. the Illinois Midland Railroad Company.
The bill is to get
seventy miles of grade has been let, which will carry the termi¬
nus of the Tracy branch to the west side of the Jim River. The
possession of about $6,000,000 of bonds of the company whichgrading on this last seventy miles is being pushed as fast as are held by Baring Bros., of London, England, and of which
possible, and the road will be completed as far as the Jim they became possessed, it is charged, through fraudulent con¬
River this season, and possibly on to the Missouri. The Jim nivance with Hersey, the President, and L. Genis, the Receiver,
River crossing of this line is between towns 110 and 411, and the of the company. Also to cancel several hundred thousand dol'ars of Receiver’s certificates issued, as alleged, for fraudulent
point aimed at on the Missouri seems to be Fort Pierre.
purposes, and to obtain possession of all the properties and
The Lake Kampeska extension line of the Chicago & North¬
western has surveyed a road from Watertown, the present : :ranchises of the company.
terminus to the Old Dirt Lodges in Township 117 on the Jim
Indiana Bloomington & Western.—The following circular
River. From there a line has been run down the river to the dated at Indianapolis, Ind., has been issued :
,
Notice.—The railway and other property of the Indianapolis Bloom¬
crossing of the Tracy line, about forty miles below.
It will be seen by a reference to the map that with the com¬ ington & Western Railroad Company, having been sold under deoree of
the Circuit Court of the Southern District of Illinois and District of
pletion of these lines the Northwestern will command the situa¬ Indiana, will hereafter be operated and managed by a new company,
tion in central Dakota, as the Milwaukee Railroad does in the formed by the purchasers at said sale, under the name of ** Indiana
Bloomington & Western Railroad Company," with the following
southern part of the Territory.”
officers: President, C. P. Williams, Albany, N. Y.; treasurer, J. Bl
Coal Auction Sale.—The regular monthly^auction_ sale of
Blossom, XI
New
York;
secretary,
~
V-» TV
JL Vfc U. f UV/V*.
vvury t *Alfred Sully, New York; general maaScranton coal by the Delaware Lackawanna & Western Railroad i ager, B. SJHenning, Indianapolis, ind.
Company was held Wednesday, and resulted in a decline from r The reorganized company has to pay on the new bonds 3 per
the prices obtained at the company’s last sale, but a slight cent interest the first and second years, that is, $250,000 yearly ;
advance over the prices received at the last auction sale of the the third and fourth years the interest increases to 4 per oent,
Delaware & Hudson Canal Company. The following table the fifth and sixth years to 5 per cent, after that 6 per cent,
shows the prices received, compared with those obtained at the until maturity. Then comes in the $1,000,000 of preferred
July sale, and also with those received at the August sale of bonds, drawing 7 per cent interest.
Lake Erie & Western.—This company, late the Lake Erie
the Delaware & Hudson Canal Company ;
Av. price
A r. price at
Av. price at & Louisville, has filed for record a first mortgage to the Central
received
July 30
Aug. 13
Trust Company, of New York, to secure an issue of $1,815,000.
Tons.
Aug. 27.
sale.
D.&H. sale.
new bonds, and a second mortgage to secure an
issue of
15,000 grate
$2 04
$2 OO
$2 30
5,000 egg
2 154
2 124 $1,485,000 new 7 per cent, income bonds.
2 45
25,000. stove
2 373*
2 744
2 324
Long Island City Finances.—Mayor De Bevoise addresses
5,000 chestnut
221
2 564
the following to Mr. Daniel A. Moran :
Total average
$2 234
$2 56
$2 19^8
Dear Sir : Your note askinglinformation. as to the amount,
—It is now stated that the Delaware & Hudson Canal Com¬ of the
public debt of Long Island City, its resources, the valua¬
pany has just issued at Philadelphia a circular giving its prices tion of the taxable property, assessed and actual, and the num-.
of coal for delivery there. The prices of coal in New York ber of inhabitants, &c., is at hand. The following extract from
have been forced by the competition to a point beloiv the
my last annual message will give you a part of the information
—
—
—
—
:
O
-
Ir
--
~ “
“
“
y
-
“
Srices
current
the Philadelphia
market,
andcompetition
the Delaware
&
Canal in
[udson
direct
Company
will enter into
with
the
Philadelphia companies in their own field.
Delaware & Hudson Canal.—The following comparative
statement from the Secretary of the Delaware & Hudson Canal
Company shows the earnings and expenses of the railroads
owned and leased by this company for the month of June, as
follows
:
June, 1878.
Gross earnings
$288,370
$373,230
$98,309
$159,650
$84,860
213,580
190,061
Expenses
Net earnings
Increase in gross earnings
Increase in net earnings
—
61.341
period the earnings and expenses of the Albany
Susquehanna Railroad (included in the above) were as fol¬
For the
&
June, 1879.
same
lows:
June, 1878.
Gross earnings.
Expenses
Net earnings
Increase in gross earnings.
Increase in net earnings
$80,926
$22,020
$32,722
$15,074
43,832
.......
June, 1879.
$65,852
48,204
10,702
Elizabeth City Bonds.—A case of some importance wras
this
desired
:
oity is upon a sound basis and compare*
favorably with that of other cities in our own and neighboring?
S'ates. Our floating debt is more than balanced by amounts due for
taxes, the security for which is absolute. Our total bonded debt is $906,OOO. Assuming the population of the city to be about 20,000, the debt
per capita is $45. That of New York City is about $125, and Jersey City
little less than New York. That of Poughkeepsie about $100. The debt
under which Elizabeth has fallen i3 about $240. These comparison*
“The fluancial condition of our
very
especially
the $906,000
make a very favorable showing for our city,
as
of debt includes the full payment of our excellent water supply, and ite
distribution throughout the city in over fourteen miles of pipe. The
water rates will soon make nearly $350,000 of the debt self-supporting,
as to payment of interest, and practically reduces the principal debt
$556,000.
“The above-mentioned debt is composed of the following items:
to
$103,000
Funded debt of Newtown
Survey and map debt
133,000
Water debt.
Fire
-
350.000
20,000
$906,000
about $LOO.OOO. Our
floating debt is less than one-third of that sum, and is amply and unques¬
tionably secured. We have $50,000 to our credit in bank. Our popula¬
tion is about 20,000. The equalized valuation of real and personal
property for 1878 is $7,588,438, as fixed by the Board of Supervisors
Total
“The uncollected
-
city and ward taxes amount to
and adop ting a uniform
of our taxable prop¬
after comparing notes with the State assessors
ratio. This is about one-quarter the actual value
erty.”
THE CHRONICLE.
226
$363,000.
Milwaukee Lake Shore
& Western.—This company
the completion of its northern extension to Marion,
Wis., seven miles from the late terminus at Clintonville and 164
miles from Milwaukee.
[VOL. XXIX.
The total interest charge upon the entire loan is-
$560,000.”
announces
—On the extension of the Branch Line from Alexandria,.
Minn., to Barnes, 76 miles, there is now 53 miles of grading
completed, and track-laying has been begun at Alexandria.
to first mortgage bond¬ Work on the remaining 23 miles is in progress. The branch
the receiver, on the 1st line extending from the St. Vincent Extension at Crookston,.
day of September, 1879, will pay, at the office of the company, Minn., to Fisher’s Landing, on the Red River, 12 miles, is to be
52 William street, New York, the interest coupons of the first extended 15 miles further to Grand Forks, in Dakota.
mortgage bonds which fell due July 1, 1879, except such
—The St. Paul Pioneer Press says: “ It was understood recently
coupons as may be held by the Union Trust Company of New that the differences between the St. Paul Minneapolis & Mani¬
York for the benefit of the sinking fund for said first mortgage toba Company and the Canadian Government—in reference to
bonds.
the Pembina branch of the Canada Pacific, which was con¬
structed as a continuation of the Minnesota line to Winnepeg—
earnings
for
Pennsylvania Railroad.—The
and expenses
were the subject of negotiations which it was expected would
July, and for the seven months ending with July, have been
reported for all the lines east of Pittsburg and Erie. The result in an amicable settlement; but a telegram from our St. Vin¬
cent correspondent would indicate that these negotiations have
figures for July are :
1879.
1878.
failed, for Mr. Stevens, the president, Mr. Hill, the manager,,
Gross earnings.
$2,713,338
$2,407,165 and other officers of the St. Paul Minneapolis & Manitoba road
Working expenses
1,746,434
1,448,813 are stated to be there making preparations to extend the road
Net earnings
$966,904
$1,018,352 on the west side of the Red River to Winnepeg. The St. Vin¬
For the seven months the earnings and expenses compare as cent branch is to be extended on the east side to a new town-site
just over the boundary in Manitoba, near Emerson, which
follows for the two years :
1879.
1878.
P.c. lias been recently located by Donald Smith, where a bridge is
Gross earn in gs
$17,898,812
$16,690,518
7'2 to connect the lines on the east and west side. For this purpose
Working expenses
11,143,348
10,383,353
7'3 Mr. Stevens and his associates have purchased the charter of a
Net earnings
$6,755,474
$6,307,165
7 1 Manitoba company, under which they can construct the new
line without the permission of the Canadian Government.
All lines west of Pittsburg and Erie for the seven months of
St. Paul & Sioux City—Sioux City & St. Paul.—The
1879 show a deficiency in meeting liabilities of $153,020, being
Chicngo Tribune reports that the St. Paul & Sioux City
a gain over the same period in 1878 of $224,085.
Railroad Company has bought the Sioux City & St. Paul Rail¬
Peoria Pekin & Jacksonville.—The Illinois Circuit Court road,
and the two companies have consolidated under one
lias granted a decree of foreclosure against this road, and
organization—the
St. Paul & Sioux City Railroad—which owns
ordered its sale after due notice. The decree is for $1,000,000 the whole line from St. Paul to Sioux City. All outstanding
principal of bonds and $507,043 accrued interest, and the securities are to be taken up and replaced by a new issue. The
minimum price is fixed at $500,000.
road will have but $10,000 of interest-bearing debt per mile on
Philadelphia & Reading.—The following is the monthly its 460 miles. The St. Paul & Sioux City Railway Company has
comparative statement of gross receipts, tonnage and passen¬ executed a mortgage or trust-deed in the sum of $4,600,000, in
favor of the Central Trust Company of New York, on all the
gers of the Philadelphia & Reading Railroad Company for the
consolidated properties, to secure a like issue of 6 per cent gold
month of July, 1879 and 1878:
bonds,
which are to replace all outstanding bonds and other
1878.
1879.
Month. Year to date.
securities. The trust-deed provides that at no time and in no
gross receipts.
Month.
Year to date.
$854,164 $7,085,733 event shall the amount of bonds issued exceed $10,000 per mile,
Ballroad traffic
$1,147,767 $7,886,089
459,294
' 84,657
465,790
Canal traffic
100,544
435,125
359,142 and, while providing for future extensions Of the lines and
41.133
Bteam colliers
40,201
99,336
51,485 further issues of bonds at the same rate on the new road, limits
7,766
JHclnnond coal barges
15,008
the whole issue to $7,000,000. The new plan of financial reor¬
$987,721 $7,962,151
Total Railroad Co.. .$1,303,521 $8,879,846
ganization
provides, in addition to the issue of bonds to the
Beading Coal & Iron
697,184
4,579,382 amount of $10,000 per mile, for an issue of preferred stock
Co
1,085,376
6,317,760
to the amount of $10,000 per mile, and for a like issue of com¬
Total of all
$2,388,898 $15,197,606 $1,684,905 $12,541,534 mon stock. This trust-deed has iust been placed on record, or
TONNAGE and passengers.
440,722
Tons of coal on R. R
4,977,156
742,441
3,399,383 is in process of being so, in all the counties, some twenty in
Tons of merchandise
232,017
437,897
2,728,057
2,057,643 number, traversed by the lines of the St. Paul & Sioux City.
586,077
4,154,383
Passengers carried
830,527
4,735,546
Tennessee Ronds.—Holders of Tennessee State bonds issued
53,518
372,541
Coal traus. by st. colliers. 45,593
385,885
in aid of railroads, if desirous of taking part in the suits which
TONS OF COAL MINED.
191,880
1,568,883 have been instituted to recover from the railroads what the
2,607,984
By Coal & Iron Co
412,490
85,087
631,126 State refuses to
By tenants
120,357
785,014
pay, are requested to prove their claims before
Mr. William H. De Lancev, Special Master, appointed in the
Total mined from lands
owned and controlled
case by Justice Strong.
The suits are brought against all the
by Co. and from lease¬
railroads in aid of which the State issued bonds. The Special
hold estates
532,848
3,392,999
276,967
2,200,009
Master will attend at his office, 52 Broadway, from 12 to 3 daily,,
St. Paul Minneapolis & Manitoba.—The circular of Messrs. from August 27th to September 27th, to take proofs of any
J. S. Kennedy & Co. states that this company was “organized out claims against the railroads. An advertisement at length will
of the St. Paul & Pacific Railroad Company, the First Division be found in another column.
of the St. Paul & Pacific Railroad Company, and the Red River
Wabash—Eel River.—The Wabash Railway Company has
& Manitoba Railroad Company, and now owns and is operating leased the Eel River Railroad, between Logansport and Butler,.
under the charter of the St. Paul & Pacific Railroad Company, Indiana. This road was organized originally as the Detroit Eel
565 miles of completed railway, running from St. Paul, Minne¬ River & Illinois Railroad, and was opened to travel in 1874. It
sota, and Minneapolis to the boundary line between the United was sold under foreclosure proceedings in 1877, and reorganized
States and the province of Manitoba, where a connection is under its present title in December of the same year.
made with the Pembina Branch of the Canada Pacific Railroad
The Eel River Railroad has no bonded debt, and its capital
with Winnepeg, including the railway from Minneapolis via St. stock amounts to $2,792,120, of which $76,500 bonds of the for¬
Cloud to Alexandria. The company also owns about 2,000,000 mer corporation has not yet been exchanged for stock of the
acres of fertile land in alternate sections on each side of the
new company according to the terms of the reorganization.'
A
lines. The country through which the railways pass is well dividend of 2 per cent was paid from the earnings of the year
settled, and furnishes a large and rapidly-increasing local busi¬ 1878. Under the terms of the lease, the Wabash Company
ness, while the through traffic with Manitoba passes wholly guarantees annual dividends on the stock of 3 per cent for five*
over the company’s lines.
The company is building a line from years and of 4% per cent thereafter. The New York Tribune
Alexandria, via Fergus Falls, to connect with its main line to says of this transaction: “The road is owned mainly by per¬
Winnepeg, a distance of 90 miles, also 12 miles from Fisher’s sons in Boston and Detroit, and one of its directors, James F.
Landing to Grand Forks, which will be finished by the 1st of Joy, of Detroit, was elected several months ago a director of
November next.
This construction completes the system as the Wabash Company. The acquisition of this road is regarded
originally projected. The company will then own 667 miles of by directors of the Wabash Road as of great consequence to the
completed and fully-equipped road. The mortgage under interests of that company. It removes, it is claimed, a formid¬
which the above bonds are issued covers the entire property of able rival for the Southwestern traffic. * It is the key to the
the company (including the 2,000,000 acres of land), at the situation,’ a director exultingly said yesterday. It is thought
rate of $12,000 per mile of completed road.
The pro¬ to afford a probable solution to the problem of a Detroit exten¬
ceeds of sales of land are specially devoted to a sinking sion, which for several weeks has been held in abeyance. The
fund, and are to be applied by the trustees to the purchase of proposed fusion of the Grand Trunk and Great Western Roads
the bonds at or under 105 per cent, or to the retirement of the of Canada, with which the Wabash had agreed to build an inde¬
bonds by lot at a premium of 5 per cent. There is no prior pendent line between Toledo and Detroit, has delayed the
indebtedness upon the property, except an old mortgage for building of the road. It is thought now that in case that agree¬
$120,000 upon ten miles of the railway, maturing in two years, ment should not be fulfilled, the Wabash Road may complete
and one of $366,000 on eighty miles, due in 1893, both of which the Eel River Road from Butler to Detroit. The building of
the company is prepared to pay off. The total amount of the that line would give a nearly air line between St. Louis and
bonds provided to be issued is $8,000,000, of which $6,780,000 is Detroit. If it should not be found necessary to extend the
The entire issue has been sold by the com¬ road, the acquisition of the Eel River Road would enable the
now to be issued.
pany, and a limited amount is now offered to the public at 104 Wabash Company to make terms with the Lake Shore Road, to
per cent and interest from July 1, the right being reserved to which the leased road has been an important feeder. It is
advance the price at any time. The net earnings from the believed to be not impossible that with adequate encourage¬
operations of these railways for the year ending December 31, ment both lines to Detroit, one from Butler and the other front
1878, were $806,000, and for the first four months of 1879, Toledo, may be built.”
Ohio & Mississippi.—Notice is given
holders that, by direction of the Court,
,
,
.
•
August ccO,
227
THE CHRONICLE.
1879.
O O T T O N.
%\xt Ccmtmefcial gimes.
COMMERCIAL EPITOME.
Friday Night, Aug.
29, 1879.
Friday, P. M.f Aug.
29, 1879.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Aug. 29), the total receipts have
reached 4,875
bales, against 4,843 bales last week, 3,462 bales the previous
week, and 3,945 bales three weeks since. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
quite cool, giving an admonition of
of
autumn,
prompting
a return from summer
approach
resorts, and injparting an impulse to mercantile activity. The
1875.
1876.
1877.
1878.
1879.
Receipts this w’k at
money market has continued very stringent, but is easier the
613
749
1,551
779
1,091
past two days. The yellow fever does not spread at the South. New Orleans...
486
336
140
453
126
Mobile
The export of breadstuffs continues on an enormous scale, and
565
603
139
94
1,408
Charleston
the speculation in cotton has been very excited.
55
2S
33
Port Royal, &c.
Provisions have been gradually declining; the legitimate Savannah
821
301
4,036
569
5,500
5,327
3,963
2,141
5,904
demands are still very moderate, and there appears to be an Galveston.....
2,069
37
135
601
Indianola,
&c...
.absence of all speculative confidence. The indications point to
437
459
1,621
1,011
322
&c..
.a large crop this fall.
To-day, further declines were noted, and Tennessee,
6
2
143
11
Florida
69
49
98
233
only a moderate trade was reported. The advices from Chicago North Carolina.
106
901
311
274
were unfavorable.
Pork sold on the spot at $8 60 for ordinary, Norfolk
198
1,695
132
23
29
151
.and $8 95 for fancy lots. September options sold at $8 45, and City Point, &c..
October at $8 60; November was offered at $8 60. In lard
10,662
13,278
4,335
15,784
4,875
Total this week...
there were sales of prime western on the spot at 5*82^c., but
Total sinceSept. 1.
at the close 5‘85c. was asked; September options sold at 5*82^c.;
ig re
The exports for the week ending this evening
October at 5*85c.@5*87?6c.; December, 5‘67/^c.; and seller all
reach a total of
bales,
were
Great
7,870
of
which
6,845
to
Britain, 1,006 to
the year 5‘65c.; refined, to the Continent, quoted at 6’20c.
France, and 19 to rest of the Continent, while the stocks as
Bacon has been quiet, and more or less irregular, at 5c. for long made
up this evening are now 66,398 bales.
Below are the
•clear western on the spot. Butter, of fine quality, has latterly stocks and exports for the week, and also for the corresponding
been in demand, and steadier, but cheese has continued dull at week of last season:
STOCK.
EXPORTED TO—
Same
Total
Week
■easy prices. Tallow active at 5 13-16c. for prime.
Week
this
Conti¬
ending
In Brazil coffees a fair movement has been reported, and
Great
1878.
1879.
1878.
Week.
France, nent.
Aug. 29. Britain.
prices are retained in steady positions; fair cargoes quoted
638
4,150
4,432
at 13^c.; stock here in first hands on the 27th instant, 96,028 N. Orl’ns
313
1,069
Mobile..
bags. Mild grades have continued in demand at steady figures.
172
1,465
Cliarl’t’n
Rice has sold in a good, steady way at late prices. Molasses has
4,315
1,523
Savan’h.
5,074
2,869
•exhibited more firmness, owing to improved demand; 50-test Galv’t’n1,006
1,006
19
3,544 46,196 24,543
5,937
N.
York.
5,918
Cuba refining quoted at 24^@25c.
Refined sugars have
211
688
504
504
received moderate attention; crushed grades quoted at 8%c. J Norfolk555
8,000
423
8,000
423
Other*..
raw grades have been fairly active at firm prices.
The weather has become
the
•
•
•
....
•
....
•
•
•
•
•
•
•
•
♦
....
*
....
*
•
•
•
....
....
....
....
....
....
....
....
.....
....
....
.
.
.
.
....
....
....
....
....
....
....
....
Receipts since Aug. 1, 1879
Sales since
Stock Aug. 27, 1879
Stock Aug. 28, 1878
Hilda.
Boxes.
Bags.
Melado.
Tot. this
35,092
1,563
39,536
1,656
week..
4,489
2,662
Tot. since
36,602
2,160
45,830
87,874
84,355
28,547
13,185
666,662
201,799
1,680
6,845
....
....
•
....
•••
1,006
19
7,870
4,737
46,622
66,398
Sept. 1. 2086,620 415,277 919,357 3421,254 3335,709
••••••
......
good refining quoted at the close at 6%@6%c. bid.
ports this week under the head of “ other ports” include, from
287 bales to Liverpool; from Philadelphia, 100 hales to Liverpool,
Kentucky tobacco shows a slight increase in the volume of Baltimore,
and from San Francisco, 30 bales to Liverpool.
business, but at prices indicating some decline. Sales for the
From the foregoing statement it will be seen that, compared
week, 800 hhds., of which 400 for export and 400 for home con¬ with the corresponding week of last season, there is an increase
sumption. Lugs quoted at 3%@5%c., and leaf 6@12c. Seed in the exports this week of 3,133 bales, while the stocks to-night
leaf has been unusually dull, the sales of the week aggre¬ are 19,776 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
gating no more than 450 cases. Prices, however, are about us the following amounts of cotton on shipboard, not cleared, at
steady. The following are particulars of transactions: 200 the ports named. We add also similar figures for New York,
cases 1878 crop, New England, ll@12^c. and private terms; | which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street:
50 cases 1877 crop, New England, 14@19c.; 50 cases 1877 crop,
On Shipboard, not cleared—for
Pennsylvania, 10@18c.; 50 cases 1878 crop, Wisconsin, 9/£c.;
Leaving
Stock.
Coast¬
Aug. 29, at—
Other
Liver¬
Total.
and 100 cases sundries, 9@18c. Spanish tobacco also quiet and
France.
Foreign wise.
pool.
unchanged; sales 500 bales Havana at 82c.@$110.
613
3,819
None.
613
None.
None.
Ocean freights have been moderately active, but the strong New Orleans
313
None.
None.
None.
None.
None.
Mobile
147
25
25
None.
None.
tone that has been noticeable for the past few weeks is now Charleston
None.
None.
1,523
None.
None.
NQne.
None.
Savannah
None.
5,074
None.
None.
lacking. Rates, in many instances, are lower, and a much Galveston
None.
None.
37,300
None.
*8,896
None.
3,316
4,080
New
York
better supply of tonnage is available. Late engagements and
500
8,188
200
None.
None.
300
Other ports
charters include: grain to Liverpool, by steam, 7M@8d., 60 lbs.;
56,364
225
10,034
None.
3,929
4,380
Total
provisions, 35@40s.; grain to London, by steam, 7/£@7Md.;
Included in this amount there are 1,500 bales at presses for foreign ports, the
■cheese, 45s.; grain to Bristol, by steam, 8/4d., 60 lbs.; grain to destination of which we cannot learn.
The following is our usual table showing the movement of
Cette or Marseilles, 6s. 3d. per quarter; do. to Naples, 6s. 3d.;
do. to Passages, 7s.; do. to Bordeaux or Antwerp, 6s. 4/£d.@ | cotton at all the ports from Sept. 1 to Aug. 22, the latest
EXPOR TED SINC:e SEPT. 1 TO—
6s. 6d. ; refined petroleum to Bremen and Antwerp, 4s.; naphtha
receipts since
Stock.
SEPT. 1.
Other
Great
to Liverpool, 5s. To-day, rates were more steady; grain to I Ports.
Total.
France.
Britain.
Foreign
1877.
1878.
Liverpool, by steam, 7M@8d., 60 lbs.; do. to London, by steam,
4,086
1242,684
8d., 60 lbs.; do. to Bristol and Avonmouth, by steam, 8^d.; do. N.Orlns 1173,957 1371,780 676,859 218,499 347,326 123,214
292
29,677
3o,583
57,954
to Cardiff, by steam, 8^d., 60 lbs.; do. to Havre, by steam, 20c. Mobile. 362,254 413,691
146
I Char’n* 514,653 460,345 150,410 57,140 176,143 383,693
1,437
per bushel; do. to Cork, for orders, 6s. 4^d. per quarter; do. I Sav’h.. 706,144 600,819 205,463 23,646 232,677 461,786
5,667
to Passages, 6s. 9d.@7s.; do to Havre or Antwerp, 5s. 9d.; re¬ I Galv.*. 571,558 450,081 224,653 59,478 64,010 348,141
62,357
*325,943
27,213
fined petroleum to Trieste, 5s.; do. to German Baltic, 4s. 9d.; N. York 147,667 144,132 284,031 14,699
135
15,858
crude petroleum to Havre, 4s.; do. to Marseilles, 5s.
I Florida 56,704 14,347 13,756 1,967
129
65,111
18,589
2,050
44,472
In naval stores the centre of attraction has been spirits tur¬ N. Car. 135,195 144,728
1,310
199,640
713
5,098
193,829
pentine; the arrivals have fallen off, the demands have been I Norf’k* 560,308 510,116
9,750
496 18,470 247,314
more liberal, and prices have been advanced to 27c.
Petroleum Other.. 219,966 163,476 228,348
was steadier at the close, as the market is well cleared of re-sale
2079,775 414,271 919,338 3413,384 85,176
contracts; refined, in bbls., 6%c. for early deliveries. Amer¬ Thisyr. 4448,406
ican and Scotch pig irons have latterly been less active, not for Last year
4273,515 2151,305!497,743 681.924 3330,972 40,327
the want of demand, but owing to the exceedingly limited
,oow/* ±o mvmusu i
A
ueau ui
l T,
Vri7.
Galveston is included Indianola, Ac.; under the head of Norfolk is Included
available..
are also quiet, but very firm; steel, Point. &c.
supply
Rails
■
at tide water, quoted at $50. Old.iron rails have sold to the
Cotton on the spot, the past week, has been in good demand
extent of 10,000 tons, part at $26 50@$27. Ingot copper sold in
for home consumption, with some business for export and specu¬
a
jobbing way at 16%@16%c. Whiskey nearly nominal at
lation, at very buoyant prices. There were advances of $c. on
$1 06/£@$l 07.
Fair to
.
*
mail dates:
i
••••••
-
unuer iuh
,
-
Q
,
,
i
228
THE CHRONICLE,
0
0
8
.
2
0
0
7
.
5
7
2
1
0
7
.
4
0
8
.
4
0 58
[Vol. XXIX,
00000872..413.2
Saturday, Wednesday, and Thursday, carrying middling uplands
to 12|c.
The advance is based on the very small movement of
the new crop and the rapid reduction of stocks.
The foreign
markets have responded but partially to our advance.
To-day,
the market was quiet and unchanged.
The speculation in
futures has been active, with feverish excitement, much
irregu¬
larity in values, and wide fluctuations, as may be seen from our
table. There has been a partial “ corner ” on contracts for
August and September, but better weather at the South has of
late weakened the more distant deliveries. On Saturday, how¬
ever, the speculation was diverted largely to the later months,
owing to reduced estimates of the coming crop that were put out
by some with much confidence. There was, consequently, an
advance on that day of 30(2)33 hundred hs for the later months,
while September was only 19 hundredths higher.
But Wednes¬
day and Thursday reversed this ; while September advanced 41
hundredths, November to March declined 9 to 11 hundredths
thus increasing the range between September and December
from 14c. to over 2c.
To-day, the market was feverish, but the
close was again irregular, September being slightly
dearer, and
the later months slightly lower.
00. 07655986891..433416587272..36851
The total sales for forward delivery for the
bales, including
week
Bales.
Cts.
Bales...
1,400
10-42
100
1,*00...
10-43
10-44
..10 45
10-46
10-47
2,000
1,000
Sat.
Mon Tue«
Ordin’y.$tt> 109,6 10916 10916 IOH16 lOiiie
Strict Ord.. 101»i6 101o16 10l°l« 11*16 11*16
Good Ord.. 11616 H®16 U516
11716
Btr. G’d Ord 11916 11916 11016
11**16
Xow Midd’K 11**16 11**16 11**16 1113,6 111316
Btr.I/w Mid 11%
Middling.. 12
Good Mid
12»16
Str. G’d Mid 129i6
1178
1178
12
12
12
12
1218
1218
Midd’g Fair 13^4
13%
1314
1330
137e
1378
14
..
Fair
13%
l,50i>
2,100.
3,10°
Wed
Ordin’y.#fb 101316
Strict Ord. H316
Good Ord.. 119i6
Btr. G’d Ord 11*316
low Midd’g 11 l°i 6
Btr.L’w Mid 12%
Middling... 12%
Good Mid.. 12016
Btr. G’d Mid 121316
Midd’g Fair 13%
Fair
13%
Th.
Frl.
114
Wed
llhe ll»i« I016lt llSie
11’, 6 11,Id 11^16 11016
11*3x6 11*316 H**16 11*516
12116 '12116 1H&16 123j 6
12316 123le 12*16 12oiq
12%
12%
1238
12%
123e
jl2%
12%
12%
12
12
12
1218
12%
1219
1330
133s
1330
1339
14
14
14.
14
14%
Sat.
Good Ordinary
Btrict Good Ordinary
low Middling
# fi>.
10 34
Th.
11%
MARKET
AND
10*516
115,6
11**16
11*%6
12*16
11316119,6
111516
123i6
120x6
12%
1238
11316
11016
llioie
123x6
120x6
12%
12%
12%
12%
13%
13%
13%
14%
14%
14%
14%
Th.
11
11%
11%
11%
SPOT MARKET
CLOSED.
Bat.. Nom’latadv.of %
Mon Steady
Tues. Firm
Wed Nom’l, at % adv..
Thurs Steady, at % adv.
Frl.
Quiet, but firmer.
.
.
.
,
ConSpec- Tran¬
port. sump. ul’t’n sit. Total.
75
100
....
577
....
....
75
2,224
1,073
1,674,
300
309
5,745
18
28
150
....
m
m
400
400
700
500
300
500
6,099 799,400
2,800
•
2,342
.
.
1.101
....
2,407
390
....
75
384
277
Sales.
For forward delivery the sales have reached
during the week
799,403 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
11-99
|1U0..1200
100
200
400
12-02
1209
1210
p. n
UOO.
1211
400
100.
12 19
12 20
;10P
12*25
100
200
100.
100
1,800
5,400
6,-00
4,000
10,600
400
600
$800
11-88
11-89
•AjO.....
000.
1190
7,800.
11-91
1192
1193
11*94
1195
•00
600.
TOO
•00.
.
12-21
....
...
..
12-22
12-23
12-24
.12-25
12-26
12-27 j
12-28 |
12-29
600
2,500.
900
600
12-33
li-34
12*35
12-36
12-37
12"38
12-3J
12-40
1
900
200
300
MOa
11-94
11-99
.12 .0
2,700
12*61
12 52
Bales.
Si^OO
li 54
11.000
•
•
Cts
10*89
...10 90
lu 91
10-r 2
12 55
12 56
4,300
500
12 57
2,000
7.500
12-58
12 59
12-60
12-61
12-62
J2-03
12-64
12-65
12-66
12-67
12-68
1..-93
3 000
1' -94
5,50*
4,2i’0
8,500
00
12-69
1.800
...12-70
500
900
700
400
...12 71
12-72
•
1,9U0
2,200...
2,000
100
500
100
...
12-73
12-74
12-75
12-76
12-77
12 78
12-19
2.200
2,800
10-95
10-96
6,10'*
10-97
8,200.
10-98
10-9»
11-00
11 01
11*02
11-03
11-04
l;-05
11-06
11-07
.....11-03
11-09
11-10
11-11
11-12
...1113
11-14
8.r00
12,700
17,'00
*0,900
11,000
7,HO)
6,530
15,500
15,600
9,000
13,200
2,600
10,000
6,200
11-15
11,*00
9,000
For October.
10-74
2.100
10*75
400
10-77
3,000
l'*7rt
3,600
10-79
2.900
1,000
5.700
....12-80
274,000
12-46
12-49
12-50
12 53|
2,000
1,500
12-45
1196
11-97
Cts.
2,600.
I
12 30 |
12-3i •
12-32 I
lAOd
...
I
12-03 1
12 04 1
12 05 '
12-06
1207
12-08
1-09
12-10
12-11
.12*12
12-13
12 14
...12-15
12-16
12-17
12-18
12-19
12-20
...
For September.
9JOO
11*87
12 01
12 02
600
900
1,0 0
J&jBfrV
•,900
Cts. I Bales.
Bales.
12-28 12,400
.12-30
7,000
12-32
12-33
400
...12 36 |
900.
12-40
5.700
12-56
700
400
12-57
1,200
100 s.a.30thl2 58
900.
12 58
400
10a
12-59
1,000
12-60
2.700
12-61
200
1,100
000.
12-62
2,100.
12 63
900
300
100
1264
400
12 60
900.
1,200
C.OOO
August.
“
s.n.
JanTy
Feb’ry..
.
March
11-16
...11-17
1118
11-19
4,100
11-20
11-21
11 23
11-23
11 24
11-25
..1126
11-27
10-80
10-81
10 82
10-83
10-84
10--5
10*86
330.300
10*87
1400
10*38
10-40
600
10-41
10-38
1,900..
JFer November.
2^200
.........
.
April...
Tr. ord.
Closed.
FUTURES.
Deliveriea.
....
...10-6)
....10-61
1,200
...
900
500
900
200
100
200
....10-73
..
10-82
100
100
600
700
100.
...10-88
9,900
For Feb. uary.
.10 54
J00. ...
400
3.0
100
200
200.
800
..
...
'1
100.
72,700
January.
10-40
1095
10 98
10-99
11-00
1102
For April.
10-88
10-89
...10-98
11-02
24,000
10 80
10-81
1,600
1079
...
..
500
|
\
For
10-78
..
2,600
10-7
...
10-90
10-91
10-92
10 93
10-P4
100
1.400.
1,900
10-89
1,100.
10-77
...
.
200
10-
10 80
100
100
700
100
300
200
...1068
800..
1,200
1,700
1,100
.10-64
1.000
800
500.
10-79
...10-66
1,000.
]
10-78
10-81
10-82
10-83
10-86
10-87
300
800
500
...10-63
1,200
....
1,100
...
200
100
100
100
500
10-06
2,000
11-04
10-67
10-68
10-71
500
11-10
11 12
10-72
100
10*74
3,600
IDO
Sept.
|
:
-05 pd. to exch. 200 Aug. for Sept.
Saturday.
Monday.
Tuesday.
Buoj'ant.
Depressed.
Firmer.
Day.
Closing.
For
Day.
Closing.
For
Day.
Closing.
Low. Bid. As\ High. Low. Bid. Ask High. Low
Bid. Ask
12 00-11-99 1209 10 12*11-12.08 12 02 04
12*1 Of 12*14 15
-12-02
11-98
12-14-11-98 12*08 09 12*20 12-00 12 00 01 12-14 11-88 12*13 14
11-12-10-84 11-08 - 11*20 10*88| 10 87 88 1104 10-77 11*03 04
10*76-10-53 10-75
10 83 10*49 10 48 49 10 66 10-38 10*66 67
10-75-10-50 10*73 — 10-81 10*46 10 44 45 10-63 10*36 10*63 —
10-82-10-56
10-80 82 10-88- 10*57 10 50 51 10*67 10*40 10-69 71
10-88-10*66 10-88 90 10-86 10*66 10 60 61 10*74 10 54 10-79 81
11 00-10-76 10-99 t
11-02 10*75 10 72 75 10-89 10 65 10*89 92
11-1211-lOi 1110 12
10-88
1210
1205
12*15
Weak.
Steady.
Firm.
High.
11%
11%
149,700
164.200
116,900
127,000
139.200
102,400
m
500
....10-56
...10-57
following will show the range of prices paid for futures,
closing bid and asked, at 3 o’clock P. M., on each day in
week.
For
Frl.
Ex¬
Total
•100
The
SALES.
SALES OF SPOT AND TRANSIT.
1,800
.
and the
the past
11716 11716 H7ie lllllB 111516 11%
11**16 H**16 11**16 ilH516 12316 123x6
Middling
1,600
.
10-88
...
For March.
200
10-65
200
1' -66
500
10-68
900
10-75
100..
10-76
100
10-77
..
100
900
10 62
10-63
10-64
...10 65
10-81
..10-86
200,.....
2,400 '
500
10 61
..:
200
10 80
following exchanges have been made during the week
Frl.
1378
1034
11%
10 59
1060
10 67
10*68
10-69
10-70
I Market.
Mon Tues Wed
10%
11%
10-58
1*19 pd. to exch. 100 Oct. for
October
Nov’ber
Dec’ber
1378
14%
900
2,100
30.
Cts.
1075
200
400
200
100
...10-46
1,600
10 54
10-55
...10-56 I
10-57 i
3,000...
2.100.
*
10-53
1,900
1,800
10 37
The
121510 133i6 13-3x6 121oi6 13316 133x0
STAINED.
For August.
Bales.
Cts.
11-98
190 e. n
1,500
13^4
143g
13%
600
500..
Sept’b’r
13%
'11%
8.200
300.
1,‘ 00
1,400.
10 76
121316T21316 12H16 1215x6 1215i6 12**16 1215x6 121&16
13i16 131x6
10-49
10-50
10-51
10-53
10-77
10 79
10-80
10-81
10-83
Futures
Wed
12%
1,^00
1004
10-65
10-64
F-'f December.
300
10-36
Mon.
Sat.
1218
12%
10 48
76,400
TEXAS.
12
H316
11016
11*%6
12316
125x6
...10 47
..
300
10-74
10 75
500
100
200
200
800
luiJe !&!•
Frl.
10-46
800..
10*72
10-73
1,200
2,600.
8,000
V00
lOiiie lOUie lOiiie lOHie
11*16 11*16 11*16 11*16
H716
H716
11**16
H1116
H*316 H*316 11*316 H*316
Til.
10-42
10-43
10-44
lf)-45
1,000
Cts. | Bales.
200
100
100
200
100
400
200
300..
200
10*71
125l6 125i6 127i6 127i6 12716 127j6 127i6 127! e
129i6 12916 i2iii6 12**16 12**16 12iii6 12**16 121116
jl3%
...
10-40
10-41
500
NEW ORLEANS.
Mon Tues
1063
1,500
free on board. For immediate delivery the
this week 6.699 bales, including 677 for export,
5.745 for consumption, 277 for speculation, and— in transit. Of
the above, 700 bales were to arrive.
The following tables show
the official quotations and sales for each day of the past week:
Sat.
1*00
3,300
2,000
3,C00
—
UPLANDS.
3,300
2,000
...10-51
10-52
10-53
10-54
10-5')
10-56
10-57
10-58
10-59
10 60
1061
10 62
2,000
total sales foot up
Aug. 23 to
Aug. 29.
10-48
10 49
10-50
1,600
1,100
799,400
are
..
500
100
100
100
!400
500
Cts.- Bales.
100
10-38
100
500
600
200
700
300
—
Futures
Wednesday.
Thursday.
Friday.
Market.
Irregular.
Excited.
Irregular.
I
For
August.
“
e.n.
Sept’b’r
j
j
October
Nov’ber
Dec’ber
Jau’ry.
Feb’ry.
March..
April...
Tr. ord.
Closed.
*
For Day.
Closing.
Day.
Closing.
For
Day.*
Closing.
High. Low. Bid. Ask High. Low. Bid. Ask High. Ldic. Bid. Ask
12 40-1219 12 40 42 12-6612-56 12*54 55 12-66-12 58 12*59 60
-12-58
12-40- 1209 12-40 — 12-80-1250 12*54 55 12*70-12*45 12-59 60
11-10 10-90 11*10
11-2711-04 11*10 11 11*15-11*03 1106 —
10-66- 10*52 10*66 — 10-75-10-56 10*57 58 10-67-10*55 10-56 57
10-60 10*53 10-61 62 10 70-10-47 10*52 53 10*60-10*49 10-47 48
10-67- 10-57 10-67 68 10-75-10-55 10-58 59 10*66-10*53 1053-54
10-75 10-68 10*77 78 10-81-10-80 10-68 69
10-65 66
10-87- 10-81 10-88 90 10-93-1079 10-78 79 10*80-10-79 10-77 78
10*98
11*04- —
10-89- 12*45
12*55
12-60
Firm.
Weak.
Steady.
_•
—
To 2 P. M.
—
•
-
—■
—
—
—
—
—
—
—
—
111c.
The Visible Supply
Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain ar.d the afloat
for the
Continent
of
this week’s
and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Aug 29),- we add the item of
exports from the United States, including in it the exports of
Friday only:
are
1879.
1878.
1877.
1876.
417,000
538,000
14,500
806,000
32,750
804.000
845.500
163,500
4,750
72,000
58,340
Total Great Britain stock
Stock at Havre
Stock at Marseilles.
.
*
-
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam.
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’nt&l ports.
returns,
41,500
475,340
100.740
2,100
22,000
3,000
552,500
838.750
156,750
7,000
23,000
209,000
12,000
7,250
20,172
37,750
13,500
64.750
41,322
1,596
40,000
4,854
43,500
9,000
6,500
14,250
195,984
303,000
671,324
855,500 :1,273,259 1,260,450
200
62.000
10.750
11,000
55,000
61,000
15,000
7,750
14,750
17.500
15,250
434,500
414.950
August
THE
30, 1879. J
1879.
1878.
India cotton afloat for
Europe. 243.754
Amer’n cotton afloat for Eur’pe
32,000
Egypt,Brazil,&c.,aflt for E’r’pe
3,721
Btock in United States ports
Stock in U. S. interior ports...
United States exports to-day..
Total visible
supply
1877.
1876.
195.000
252,000
370,000
23,000
12,000
46,622
44,000
16,000
52,000
26,000
115,272
9,145
125,293
66,398
3,581
4,000
..
CHRONICLE
4,030
9,962
1,000
500
1.024,781 1,136,652 1,709,667 1.844,705
Of tlie above, the totals of American and other
follows:
descriptions
266,000
415,000
513,000
431,000
133,000
243,000
342,500
302,000
32,000
66,398
3,581
4,000
23,000
44,000
115,272
9,145
125,203
United States interior stocks..
United States exports to-day..
4,030
3,944,343 bales.
although the receipts at the out ports the past week
were 4,875
bales, the actual movement from plantations was
only 4,713 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for the
52,000
9,9c?
500
were
2. That
same
week
were
1,000
Crop prospects
123,000
14.500
55,000
195,000
12,000
373,000
lowest 71.
Egypt, Brazil, &c., afloat
151,000
58,340
62,984
243,754
3,724
92,000
252,000
16,000
112,950
370,000
26,000
Total East India, &c
Total American
519,802
504,979
399,500
685,750
737,152 1,023,917
921,255
Total visible supply
Price Mid. Upl., Liverpool
These
293,000
32,750
41,500
923.450
1,024,781 1,136.652 1.709,667 1,844.705
6l316d.
6d.
6llied.
6(1.
decrease in the cotton in sight
to-night
compared with the same date of 1878, a de¬
figures indicate
a
of 111,871 bales as
of 684,886 bales as compared with the
corresponding
of 1877, and a decrease of 819,924 bales as
compared with
crease
date
1876.
At the Interior Ports the movement—that is the
aud shipments for-the week, and stocks
corresponding week of 1878—is
receipts
to-night, and for the
set out in detail in the
statement:
following
ending Aug. 29, ’79.
Week
-
Receipts Shipm’ts
Augusta, 6a
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Belma, Ala
Memphis, Tenn..
Nashville, Tenn..
78
35
722
'43
51
219
25
Stock.
....
25
1,273
500
558
573
549
79
112
386
.
Total, old ports.
794
1,091
3,581
3,525
Dallas, Texas
Jefferson, Tex.*..
243
5
191
31
45
226
150
320
33
22
137
7
404
4
275
48
Shreveport, La
..
Vicksburg, Miss..
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C.*.
St Louis, Mo
Cincinnati, O
Total, new p’rts
Total, all
*
12
10
12
5
....
25
3
10
10
80
109
41
....
1
20
106
97
146
451
912
'700
495
271
405
201
115
'
3 49
345
259
....
238
1,154
545
184
92
173
Receipts Shipm’ts 8tock.
424
'
ending Aug. 30, ’78.
'
369
378
1,092
499
1,243
121
3,C99
4,030
35
60
1
10
200
-
161
328
69
60
...
1,386
6
705
IS
25
31
39
397
332
756
277
400
8
564
16
28
64
287
90
25
84
129
806
748
16
80
753
900
3,720
1,707
1,549
2,563
1,547
1,991
7.301
5.232
4.648
6,593
‘
Estimated. 1
The above totals show
decreased during the
bales less than at the
that
week
the
old
interior
stocks
have
141
bales, and are to-night 449
period last year.
The receipts at the
have been 2,731 bales less than the same week
last
lame towns
same
rain has
were
feared.
Undoubtedly the
inch.
are
unchanged, and picking is progressing finely.
The thermometer has
averaged 8!, the highest being 90, and the
Tndianola, Texas.—There
has been
a
shower here
on one
the past
d»r
week, with a rainfall of thirteen hundredths of an inch.
Picking is making excellent progress, and will close very
early.
Average thermometer 86, highest 97, and lowest 75.
Corsicana, Texas.—There has been no rain at this point
during
the week, and we are
needing some. The weather is extremely
hot. Picking is
progressing. The thermometer has ranged from
62 to 102,
averaging 85.
Dallas, Texas.—The weather during the week has been warm,
and dry, and a shower is desirable.
The average thermometer
is
85, the highest 101, and the lowest 62.
Brenham, Texas.—It has not rained here during the week, but
rain would
Week
3,013 bales.
Galveston, Texas.—We have had a shower on one
day during
the week, the rainfall
reaching fifty-one hundredths of an
921,255
London stock
Continental stocks
India afloat for Europe
were
Telegraph.—Although
caterpillars
737,152 1,023,917
East Indian, Brazil, dec.—
Liverpool stock
by
prospect at present is more favorable, but dry, hot weather
i&
generally needed to mature the plant.
504,979
Total American
16,378 bales, and for 1877 they
fallen in many sections the past week, there
has been very little
in those places where
Continental stocks
46,622
1876-7
Sept 1 in
4,279,410 bales; in
Weather Reports
Liverpool stock
American afloat for Europe....
United States stock
The above statement shows—
1. That the total receipts from the
plantations since
1878-9 were 4,457,281 bales; in 1877-8 were
are as
American—
.
229
do
more harm than
good. Picking is progressing
finely. We are having very hot weather, the thermometer hav¬
ing averaged during the week 87, with an extreme
range of 83
to
now
100.
New Orleans, Louisiana.—We have had
heavy rain on one
day the earlier part of the past week* *
inches and thirty-two hundredths. The
latter portion has been clear and
pleasant. Picking is progress
ing finely. The thermometer has averaged 82.
Shreveport, Louisiana.—Telegram not received.
a
day and
a shower on one
the rainfall reaching two
Vicksburg, Mississippi.—Picking has progressed finely
during
the week.
New cotton begins to come to market.
Columbus, Mississippi.—We have had rain du ing the week on
two days, the rainfall
reaching one inch and fourteen hun¬
dredths.
81.
The thermometer has
Picking is making good
Little Bock,
ranged from 70 to 83, averaging
progress.
Arkansas.—Friday last
cloudy with a light
heavy rain began falling, lasting
thirty hours, and accompanied by a strong wind,
doing consider¬
able damage to crops.
Sunday was fair, with a light shower,
and the remainder of the week has been
clear and pleasant.
The
rain, and
on
Saturday
was
a very
thermometer has averaged 73, the extreme
range
been 62 to 87.
The rainfall for the
week
having
is five inches and
sev¬
enty hundred
Nashville, Tennessee.—It has rained the past week on four
days, the .rainfall aggregating two inches and
Receipts prom the Plantations.—The
forty-four hun¬
following
table is dredths. Average thermometer
prepared for the purpose of indicating the actual movement each
73, highest 90, and lowest 58.
week from the plantations.
Memphis, Tennessee.—It has rained here on three
Receipts at the out ports are some¬
days, the
times misleading, as
they are made up more largely one year rainfall reaching two inches and ninety-seven
hundredths,
but
than another, at the expense of the interior
stocks.
We reach,
the rest of the week has been
pleasant.
Picking has commenced*
therefore, a safer conclusion through a comparative statement
and will be general by
like the following:
the tenth. We are having too much rain*
and the weather has been too cold for
RECEIPTS PROM PLANTATIONS.
early maturity ; other¬
wise crops are
doing splendidly. Average thermometer 73*
Week
Receipts at the Ports. Stock at Inter’r Ports Rec’pts from Plant’ns
highest 90, and lowest 63.
ending—
1877.
1878.
1879.
1877.
1878.
1879.
1877. ' 1878.
1879.
Mobile, Alabama.—It has rained severely on one day and has
Apr. 4...... 26,287 59,886 54,283 140,049
119,991 116,879 15,737 48,082 39,699 been showery two days the earlier
portion of the week, but the
11
21,183 51,391 44,851 133,363 108,633 107,005 13,897
40,033 34,977 latter
18
part has been clear and pleasant. Accounts from the
18,010 39,010 40,187 128,411 95,979 91,966 13,058
26,362 25,148 interior are
25
26,641 38,856 30,183 117,074 89,142 87,294 15,304
conflicting. Much damage has been done by shed¬
32,019 31.511
May 2
16,560 31,196 22,2^3 107,534 75,550 78,962
ding, rust and worms. The thermometer has averaged 78,
7,020 17,004 13,951
rang¬
9
17,309 24,252 19,031 97,096 65,770 71,546
The rainfall has reached four inches and
7,471 14,472 11,015 ing from 67 to 92.
six
year.
1*
It
•
It
U
16
16,288
12,147
9,669
9,390
8,526
20,097
19,732
18,220
12,380
8,526
6,519
10,721
0,879
4
6,102
11
4,404
5,949
5,287
23
30
June
6
13
20
27
July
18
1
3,676
3,299
2,691
8
2,102
25
Aug.
15
28
29
11,231
3,782
4,080
3.071
3,009
1,733
4,057
2,644
5,099
4,335 15,784
19,897
10,073
17,113
11,089
0,612
7,188
6,293
8,637
3,032
2,809
3,272
2,503
3,945
3,462
4,843
4,8W
86,376
79,009
07,786
57,509
52,154
45,709
35,811
32,077
28,997
27,979
25,361
22,472
21,574
19,118
17,600
10,278
56,433
46,305
39,025
34,154
29,315
23,287
21,240
19,075
12,527
11,005
8,346
6,238
5,990
59,249
51,429
42,198
37,570
32,429
29,306
25,223
22,388
20,691
15,528
14,410
13,966
13,049
11,477
7,463
1,126
2,549
5,460
0.593
7.301
S.01P
10 373
18,033
15,494
4,968
4,780
....
....
3,171
2,141
....
2,308
1,324
2,658
081
....
1,204
,
.
,
,
10,700
9.604
10,940
7,509
0,392
4,693
4,832
4,384
3.645
1,243
1,119
2,149
410
7,600
8,853
7,882
0,461
1,471
4,065
2.210
802
1,335
....
2,154
2,069
3,028
1,890
820
4.718
hundredths,
Montgomery, Alabama.—We had
rain duriug the earlier
part
three days, the rainfall
reaching
seventyfour hundredths of an inch, but the latter
part has been clear
and pleasant.
The days have been warm, but the
of the past
week
on
nights have
is making rapid progress. The thermome¬
the highest being 90 and the lowest 61.
Selma, Alabama.—Rain fell tbe earlier part of the
past week
on two days, but the latter
portion has been clear and pleasant. ‘
Cotton is opening quite well.
Planters are sending their cotton
to market
been cold.
Picking
ter has averaged 76,
freely.
Madison, Florida.—Rain has fallen during the week on four
days. The thermometer has averaged 77, the extreme
rangfe
haying been 60 to 95. Caterpillars have appeared, though the
injury done is as yet limited.
.
,
•*
••
[VOL. XXIX.
THE CHRONICLE.
230
day the past week.
averaging 79.
Columbus, Georgia.—There has been no rainfall during the past
week.
Crop accounts are more favorable. The thermometer has
averaged 80.
Savannah, Georgia.—We have had rain on four days the past
week, the rainfall reaching one inch and sixty-seven hundredths,
hut the balance of the week has been pleasant.
Average ther¬
highest 90, and lowest
66.
the
weather the
week. We
of
and three hun¬
Carolina.—It has rained during the week on
days, the rainfall reaching one inch and twenty hundredths.
The thermometer has averaged 80, the highest point touched
having been 89, and the lowest 67.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
Aug. 28, 1879. We give last year’s figures (Aug. 29, 1878) for
Charleston, South
two
Aug. 28, ’79.
Feet. Inch.
1875-76.
1873-74.
1874-75.
“
Aug. 29, ’78.
Feet. Inch.
507
2....
“
3....
“
4....
1,465
264
521
395
861
504
410
452
846
390
547
834
394
701
301
924
207
702
8.
562
“
5....
698
596
“
6....
330
509
8....
“
9....
“
10....
1,182
527
8.
11....
776
“
12....
764
13....
347
14....
239
15....
809
“
“
“
“
16....
“
17....
529
666
“
520
18....
1,219
“
8.
8.
839
1,141
1,168
1,032
618
700
468
245
764
364
701
531
1,038
1,084 ['
539
604
218
647
168
967
195
787
712
'612
737
8.
598
367
1,623
264
634
561
394
8.
.
1,963
1,714
1,069
8.
8.
845
330
1,499
789
224
864
607
303
1,102
395
592
675
607
914
20....
544
627
1,167
“
21....
944
984
693
1,364
817
586
807
1,693
404
1,482
421
23....
604
8.
457
556
“
8.
197
8.
487
505
1,060
960-
8.
364
19....
22....
8.
1,056-
247
“
“
.
340
8.
8.
“
1,092
635
724
8.
7....
8.
421
139
419
Aug. 1....
Augusta, Georgia.—It has rained lightly on four days
ear¬
lier part of the week, but we have had clear, pleasant
latter portion.
Accounts are about the same as last
hear reports of rust developing badly in a number of localities
this section.
The thermometer has ranged from 64 to 87, aver¬
aging 76. The rainfall has reached one inch
comparison:
1876-77
3,473,936 3,768,597
TohJy. 31 4,435,737 4,258,486 3,957,386 4,085,531
“
dredths.
1877-78.
1878-79.
Macon, Georgia.—We have had rain on one
The thermometer has ranged from 70 to 90,
mometer 79,
*
8.
,
971
8.
8.
581
769*
532
912
341
972
8.
6
11
11
7
24....
467
1,104
365
8.
1,168
Memphis
Above low-water mark...
8
10
6
5
25....
1,587
Nashville../
Above low-water mark...
O 11
1 10
901
397
891
8..
505
1,994
26....
Above
9
Shreveport
low-water mark... 4
6
13
899’
944
8.
686
693
2,128
Vicksburg
1
27....
Above low-water mark... 12
736
1,021
597
4,011
423
2,563
28....
New Orleans reported below high-water mark of 1871 until
8.
1,251
764
1,824
2,175
29
1,246
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
3,730,460
Total
4,453,281 4,283,347 3,970,507 4,114,797 3,483,881
1871, or lb feet above low-water mark at that point.
Percentage of total
99-63
99-62
98-18
98-33
98-56
Gunny Bags, Bagging, Etc.—Bagging has been in fair
p’rt rec’pts Aug. 2 9
demand since our last, and there is more inquiry reported by
This statement shows that the receipts since Sept. 1 up to
The orders coming in are not large, but in the aggre¬
dealers.
to-night
are now 169,934 bales more than they were to the same
gate the amount is considerable, and the transactions are 1,100
rolls in lots.
But few lots are to be had under quoted figures, as day of the month in 1878, and 482,774 bales more thau they
were to the same day of the month in 1877.
We add to the last
holders are not anxious to sell unless they obtain a full price,
table
the
percentages
total
port
of
receipts
which had been
and the market is steady at 9(3)10|c., according to quality.
Jute
received
Aug.
of
years
named.
29
in
each
the
butts are not very active, and the only parcels being taken are
for present wants, and we only hear of sales to the extent of 500
India Exports of Cotton for the First Six Months.—Wo
(S600 bales. There is a firm feeling among holders, and the best take the
following from the circular of Messrs. Wallace & Co.
figures for prime goods are 2£@2|c., as to quality and terms.
of Bombay, under date of July 25, showing the exports from all
New Cotton.—Wilmington, N. C.—The first bale of cotton
India from January 1 to June 30, for four years.
of the new crop was received at Wilmington, August 28, and
COMPARATIVE STATEMENT OF THE EXPORTS OF EAST INDIA COTTON TO
EUROPE FROM 1ST JANUARY TO 30TH JUNE, FROM THE FOLLOWING
sold at 12£ cents per pound.
PORTS.
—1878.—
1879.
Comparative Port Receipts and Daily Crop Movement.—
Conti¬
Great
Conti¬
Great
Total.
nent.
Britain.
Total.
nent.
A comparison of the port movement by weeks is not accurate,
Britain.
253,934 353,821 607,755
532,858
304,620
228,238
Bombay
as the weeks in different years do not end ou the same day of th e
500
8,77S
8,278
14,205
8,381
5,824
Kurracliee
6,713
6,713
month.
We have consequently added to our other standing Car war
1,115
1,115
41,503 150,920
109,417
Calcutta
13,728
3,463
10,265
tables a daily and monthly statement, that the reader may con¬ Rangoon
7,767
2,905
4,862
6,662
6,662
14,753
3,549
11,204
Madras
stantly have before him the data for seeing the exact relative Tuticorin
15,834
6,142
9,692
20,804
2,000
18,804
movement for the years named. First we give the receipts at Coconada and
7,331
4,100
3,231
5,889
1,386
4,503
Masulipatam
each port each day of the week ending to-night.
Below high-water mark
New Orleans
“
..
“
“
“
“
“
...
-
/
.
....
.
•
PORT
RECEIPTS FROM
New
Or¬
of
we’k leans.
D*ys
Bat..
10
Mon
292
SATURDAY, AUG.
Char¬ Savan¬
Mo¬
bile.
leston.
nah.
23, ’79, TO FRIDAY, AUG.
Galvest’n.
Nor¬
folk.
Wil¬
29, ’79.
All
ming¬ others.
382,852
Bombay
Kurrache
....
33
302
38
16
421
12
43
15
178
724
33
7
305
1,587
197
18
4
60
505
488
29
....
28
693
Tues
119
2
10
95
Wed
55
14
10
69
•
•
•
•
423
Thur
54
14
7
106
202
37
3
Fri..
249
63
40
78
156
43
45
572
1,246
94
569
2,069
198
75
965
4,875
....
667,916
747,196
286,375
381,541
Great
Britain.
Contineut.
Total.
332,543
50
811,126
2,534
6,410
16,918
31,452
31,695
1 977
Total,
ton.
364,344
e....
Great
Conti-
Britain.
nent.
Total.
351,305
6,465
395,856
747,161
6,123
12,518
478,583
2,534
50,979
17,326
1,191
3,524
2,691
54,5f 3
20,017
1,191
16,868
1,382
29,935
2,000
8,115
18,169
1,517
13,526
4,845
2,650
3,954
6,604
848,420
550,121
358,000
908,121
Carwar
Calcutta
Rangoon
Madras
Tuticorin
Coconada and
6,115
Masulipatam
4,845
438,226
’
410,194
6,410
1,382
the above that the exports to June 30
were this year nearly 80,000 bales in excess of last year, because
The movement each month since Sept. 1 has been as follows:
of the very large exports from Calcutta, reaching 150,920 bales.
Year Beginning September 1.
Messrs. Wallace & Co. also state that they learn that the
Monthly
1873.
Beceipts.
1874.
1875.
Madras crop is estimated this year at 70,000 bales, the Coconada
1876.
1877.
1878.
98,491 236,868 169,077 134,376 115,255 crop at 30,000 bales, and the Tinnevelly crop at 100,000 bales.
Bept’mb’r 288,848
355,323
675,260 610,316 536,968
Ellison & Co/s Cotton Report for July.—We are in receipt
578,523
October..
689,264
822,493 901,392 740,116 676,295 576,103 of Messrs. Ellison & Co/s cotton report, dated August 11, and
779,237
Novemb’r
Decemb’r
893,664 900,119 787,769 821,177 759,036 811,668 make the following
extracts from it:
618,727 689,610 500,680 637,067 444,052 702,168
January
THE COURSE OF THE MANCHESTER MARKET, JULY 9 TO AUG. 9.
566,824 472,054 449,686 479,801 383,324 482,688
February.
332,703
251,433
300,128
The Manchester market has been very quiet throughout the
182,937
340,525
March...
303,955
173,986 month, but without anything like the extreme depression
133,598
163,593
100,194
197,965
167,459
April....
81,780 127,346 witnessed in Liverpool.
The rate of production has been
92,600
68,939
96,314
84,299
May
59,501 materially curtailed, and as the sales, though comparatively
56,010
42,234
36,030
42,142
29,472
June
31,856 small, have on the whole exceeded the out-turn of the mills, the
17,064
29,422
17,631
20,240
13,988
July
stocks in the hands of producers and their agents have been
3,768,597
Tot. Jy. 31 4,435,737 4,258,486 3,957,386 4,085,531 3,473,936
considerably reduced. Spinners and manufacturers have con¬
Tot..
779
126
It will be noticed from
.
sequently been able to get rather better rates than would other¬
wise have been possible.
Some decline has taken place in
This statement shows that up to July 31 the receipts at the prices, but the fall is less in yams and goods than in raw cotton.
The position of producers is therefore better than it was a
ports this year were 177,251 bales more than in 1877 and 478,351 month since, though it is still very unsatisfactory. Business
bales more than at the same time in 1876.
*By adding to the for the leading foreign markets has been only moderate in
above totals to July 31 the daily receipts since that time, we extent; and the home-trade demand has been adversely affected
shall be able to reach an exact comparison of the movement by the unfavorable weather, which during the month has seri¬
ously injured the hay and food crops. The later India
for the different years.
Perc’tage of tot. port
receipts July 31..
97*99
|
9800
97-48
99-34
9906
and
August
THE
30, 1879 ]
CHRONICLE
231
the end of
July and the last Friday in September (eight weeks)
158,000 bales. This year we commence the period with
yet no distinct signs of any materially-improved
demand, and in this, as in all other departments of the trade, 12,000 American and 39,000 East Indian, or a total of 51,000
business is greatly restricted by the low prices at which the early less afloat than last year. The import is hardly likely there¬
shipments of the new American cotton crop are being offered, fore to reach 158,000 bales; let us say 140,000 ; this, added to
and it is not expected that any genuine revival of trade will be the stock, would give a supply of 668,000 bales. The present
witnessed until the margin of discount between spot cotton and rate of consumption is not less than 40,000 to 42,000 bales per
week. Exporters will want 4,000 bales per week. Say in all
futures has disappeared.
MOVEMENTS DURING THE SEASON, OCT. 1 TO JULY 31.
45,000 or 360,000 for eight weeks; this would leave a stock of
The deliveries to English and Continental consumers during only 308,000 bales at the end of September. Last year there
the first ten months of the season have been as follows, compared was a deficit of 42,000 bales discovered at stock-taking, and
the year before one of 35,000 bales. Suppose this year it is
with the figures for the corresponding months of last season:
.;—
Continent.
Great Britain.
only 28,000 bales. Then there would remain only 280,000 bales
1878-9.
1877-8.
1878-9.
1877-8.
against 387,000 bales last. year. It is clear, therefore, that there
Number of bales...
2,191,990 cannot be any increase in the rate of
2,165,970
2,430,470
2,207,250
consumption without some
Av’ge weight (lbs.)..
441
437
429
431 advance in
prices. But with continued good crop accounts, it
Total weight (lbs.).955,292,770 1,062,115,390 946,910,250 944,747,690 may be taken for granted that any advance of moment would
The highest rate of consumption touched in Great Britain stop business in Manchester and lead to a greater extension of
this season was probably about 58,000 bales of 400 lbs. Five short time than even that experienced last month.
Bombay Shipments.—According to our cable dispatch received
weeks ago it had perhaps fallen to 52,000 bales. During the
subsequent period it may have dropped to 45,000 bales. The to-day, there have been 2,005 bales shipped from Bombay to
average for the five weeks would be about 48,500 bales, or Great Britain the past week and
bales to the Continent;
242,500 bales in all, equal to 97,000,000 lbs., which, added while the receipts at Bombay during this week have been 2,000
to the ‘856,700,700 lbs. previously consumed, would give a bales. Tha movement since the 1st of January is as follows.
total of 953,700,700 lbs.
the total weight of cotton These figures are brought down to Thursday, Aug. 28.
as
spun during the first ten months of the season.
(In bales of 440
Shipments this week Shipments since Jan. 1.
Receipts.
lbs., the maximum rate of consumption touched during the sea¬
Great Conti¬
Great
This
Conti¬
Since
son was about 53,000 bales ; that of five weeks ago 47,000 bales;
Total.
Brit’n. nent. Total. Britain.
nent.
Jan. 1.
Week.
the minimum touched during the five weeks 41,000 bales; and
the average of the five weeks 44,000 bales.)
575,000 2,000
2,000 246,000 329,000
774,000
Last season the 1879 2,000
4,000 297.000 386,000
683,000 2,000
849,000
rate of consumption was about 58,000 bales, of 400 lbs., per week, 1878 4,000
1877 1,000
404,000
779,000 1,000 992,000
1,000
375,000
or 1,020,800,000 lbs. for the fifty-four weeks.
1876
i,obo 1,000 534,000 347,000] 881,000 4,000 996,000
The rate of consumption on the Continent has averaged about
From the foregoing it would appear that, compared with last
49,000 bales, of 400 lbs., per week, this season, against 48,000
year, there has been a decrease of 2,000 bales in the week’s ship¬
bales last season, or a total of 862,400,000 lbs., against 844,800,ments from Bombay to Europe, and that the total movement
000 lbs.
since January 1 shows a decrease in shipment? of 108,000 bales,
On the basis of the foregoing calculations, the movements
have been as follows this season compared with last. The stock compared with the corresponding period of 1878.
India Shipments Other Than Bombay.—Below we give the
on hand on the 1st October is the surplus shown in our Autumn
week’s
shipments of cotton to Europe from Calcutta, Madras,
Annual:
Great Britain.
Continent.
Tuticorin, Coconada, Carwar, Rangoon and Kurrachee. These
1878-9.
1877-8.
1878-9.
1877-8.
figures are collected for us and forwarded by cable. For the
Lbs.
Lbs.
Lbs.
Lbs.
week ending Aug. 28 the shipments were as follows.
We also
Surplus st’k, Oct. 1. 13,800,000
13,800,000 30,550,000
5,368,000
Deliv’s to July 31.-955,292,770 1,062,115,390 946,910,250 944,747,690 give the totals since January 1 and the figures for previous years
*€hiDa accounts
but there
are a
little better than those previously received,
was
are as
-
s
/
^,
/
■,
for
comparison.
969,092,770 1,075,915,390 977,460,250 950,115,690
Consum. in 44 w’ks.953,700,700 1,020,800,000 862,400,000 844,800,000
Supply
Surplus, July 31... 15,392,070
In bales of 400 lbs..
38,000
55,115,390115,060,250 105,315,690
138,000
287,000
263,000
English spinners, therefore, hold 100,000 bales less, and Con¬
spinners 24,000 bales more, than at this time last year,
being a net deficit of 76,000 bales, which, with the decrease of
60,000 bales in the visible supply, makes a total deficit of 136,tinental
Shipments since January 1.
Shipments this week.
Great
Britain.
1879
1,000
1878.
1877
1876
5,000
000 bales.
Conti¬
226,000
103,000
79,000
96,000
1,000
8,000
3,000
Conti¬
nent.
Great
Britain.
Total.
nent.
'
Total.
348,000
157,000
126,000
174,000
322,000
54,000
47,000
78,000
The above totals for this week show that the movement from
PROSPECTS.
Two months ago Middling Upland was worth over 7d. per lb.,
and the current notion was that a still higher figure would be
witnessed before the close of the season, in consequence of the
the ports
other than Bombay is 7,000 bales less than same week
y^ar.
Alexandria Receipts and Shipments.—Through arrange¬
of last
ments
we
have made with Messrs. Davies, Benachi & Co., of
prospective scarcity of supplies. In our report of June 10th, Liverpool and Alexandria, we shall hereafter receive a weekly
we ventured to express the opinion that there was no cause for
cable of the movements of cotton at Alexandria, Egypt.
The
alarm in this respect, and that with economy on the part of
receipts and shipments the past week, and for the correspond¬
consumers the period of scarcity might be
got over without the ing weeks of the previous two years, have been as follows :
realization of tne semi-famine prices anticipated in some quar¬
This view of the situation was based on the fact that
although there was a large deficit in the visible supply of
Alexandria, Egypt,
ters.
cotton, it was in
a
1878.
1,667,000
2,000
2,594,000
1877.
great measure off-set by the extensive stocks Receipts (cantars*)—
held by spinners. Our estimates of the latter were
considerably
in excess of the figures generally entertained, because our esti¬
mate of the rate of consumption was smaller than that adopted
by the general public. Events proved the correctness of our
computations, and as time went on it became evident that the
popular idea of the rate of consumption in March, April and
May was excessive, and the current estimate of spinners’ stock
at the opening of June much too low.
The large surplus of
unused cotton held by consumers enabled them to greatly cur¬
tail their purchases in June and July, and then public opinion,
rushing from one extreme to the other, began to as. greatly
under-estimate as it had previously over-estimated the rate of
consumption.
The reduced consumption led to greatly modified views as to
the probable future course of prices, and as week after week
passed by without any indications of a revival in the demand,
the market from confident hopefulness sank into helpless
despondency. At first the decline was very slow, but during
the past month there was a complete collapse, and all at once it
became a question not of to what height would prices be
ushed during the Autumn, but to what depth would they be
epressed. Tnis revolution in public opinion was due partly to
a natural re-action from previous exaggerated views, but, in its
later stages, chiefly to the discouraging influence of the unfav¬
orable weather for the harvest, which nas kept the home trade
in a chronic state of depression. Meanwhile, faith in any
important recovery in prices was also being weakened by the
gradual narrowing of the period between the old crop and the
new, and by the eagerness with which the Americans offered
their new crop at constantly-declining rates.
At the moment, therefore, the prevalent inclination is to take
it for granted that somehow or other the balance of the season
will be got through without any difficulty. This may be so,
but on one condition only—nameiy, a further extension of short
time. The stock of cotton in Liverpool at the end of July was
528,000 bales. Last year the import of all descriptions between
1879.
Aug. 28.
This week
Since
Sept. 1
This
week
Exports (bales)—
To Liverpool
To Continent
Total, Europe
*
Since
This
week
Sept. 1.
Since
Sept. 1.
2,703,000
This
Since
week Sept. 1.
120
172,400 1,000 240,000 1,000 298.500
168,000
140.500
79,896
120
252,296 1,000 408,000 1,000 438,000
A cantar is 98 lbs.
This statement shows that the
—
receipts the past week have been
cantars, and the shipments to all Europe have been 120 bales.
Manchester Market.—Our market report received from
Manchester to-day (Aug. 29) states that the prices for shirtings
have improved, twists being marked up £d. and shirtings l^d.
We leave previous weeks’ prices for comparison.
1879.
1878.
8*± lbs.
32s Cop.
Twist.
Shirtings.
Cott’n
Mid. 32s Cop.
Twist.
Cott’n
Mid.
8*4 lbs.
Shirtings.
Uplds
Upide
1
d.
July 19.
“
A"g-
s.
6
6
6
6
6
6
6
25.
J:
«
15.
“
22.
29.
“
d.
878@938
8%®9J4
8%®9J4
8%®9*4
8 Jk 5)938
d.
d
6%
1*2^7
4*2
4*a
4*2
4Je
4*2
4*2
3
6
d.
s.
m*@7
1 *2®7
1
112®7
®7
6®ie
6*i0
63s
d.
d.
8*8®914
878®938
9 @9*8
8?8®9l2
s.-
6
6
6
6
6
878®912 6
8%d93s 6
d.
8.
3 *98
d.
3
6*8
412®8
412@8
4*e®8
4*2
4*2
4*2
6*8
3
3
®8
1*2®8
1VS8
The Exports op Cotton from New York this week
d.
6®tc
11$ OTt«
....
show
&
decrease, as compared with last week, the total reaching 5,937
bales, against 10,019 bales last week. Below we give our usual
table shewing the exports of cotton from New York, and their
direction, for each of the lest four weeks; also the total exports
and direction since Sept. 1, 1878, and in the last column the total
for the same period of the previous year.
Exports of Cotton
Exported to-
Same
ending—
Total to
Aug.
Aug.
Aug.
Aug.
6.
13.
20.
27.
Liverpool,
Other British ports
2,723;
....
6,325
3,500
Total to Great Britain
8,330
4,634
9,825
j'ear.
300j 17,116)
194
....
194
3
19
473
Bremen and Hanover.
Hamburg
14,599
9,643
100
115
14,699
9,758
16,325
2,202
2,835
20,718
4,036
19,206
21,362
44,960
5,710
2,390
2,398
Other ports
Total to North. Europe
473]
Spain, Op’rto, Gibralt’r, &c
lOo!
19
Grand total
4,788
Shipping
States the past
week, as per latest mail returns, have reached
6,993 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
The Chronicle, last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
Total bales.
Arizona, 2,000
C.ty
of New York, 902
Abyssinia, 551
Spain, 2,165
To Hull, &c., per steamer Othello, 300
To Bremen, per steamer Koln, 19
Baltimore—To Liverpool, per steamer Enrique, 287
Boston—To Liverpool, per steamers Minnesota, 64
Victoria,
New York—To Liverpool, per steamers
Liverpool, per ship British Envoy,
Francisco—To
5,618
300
19
36
particulars of these shipments, arranged in our usual
Hull, &c.
Liverpool.
5,618
287
733
36
Baltimore
Boston
San Francisco
form,
Total.
5,937
287
733
Bremen.
19
300
....
....
—
36
19
6,993
300
6,674
Total..
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Marie Fredericke, ship (Nor.), from New Orleans for Liverpool, which
put into Key West, June 17, 1878, in distress, was sold at auction
and burnt
by purchasers.
Wednes.
Tues.
Mon.
Fri.
Tburs.
3ie® x4
316®14 3ig®)34 316®X4
3iq® *4
® 732
®732
®732
®732
®732
...® 5g*
.©Sg*
® 58* ...®58*
® 58*
® 58*
Liverpool, steam d. ®I6® *4
sail., d.
do
Havre, steam
c.
sail
—
...
® "30
-
•
c.
sail
...c. ...®
.®*2
...®
*2
..
sail
..
do
*
c. ...®
...®
...®
...'a)
d.
Baltic, steam
Lj
—
-
—
..
-®
...
...®
Amst’d’m, steam c. ...®
•
...
...
..
-
—
-
Lj
®
x2
®
...
Bremen, steam. ,c. ...®9jg* ...®916* -.-®9ie*
...@7ie ...®716
do
sail
c. --•®716
...®910- ...®916*
---®*916
Hamburg, steam. c.
do
61932@58
Sept.-Oct
61932®58
Lj
...
..
*2
—
—
..
...®12
....
...®
...®....
...®
...®
,®
...®
.
©
®9i0*
®9ie*
®916*
@718 ...®716 ...©Tie
.®9ie* ---®910A ...®916*
—
® *2
...
®
*2
...'ob
...'©
..
a)
...'a)
d.
sail
6j4‘S,932
Oct.-Nov
Dec.-Jan
Jan.-Feb
Feb.-Mar
65s
d.
6^10
6*8
6332
633a
Monday.
Delivery.
Delivery.
Delivery.
Aug
Oct
.(>34
Aug.-Sept
-62332
Oct.-Nov
Nov.-Dee
Dec.-Jan
61332®716
6i4®932
6732
Oct
Nov.-Dee
62332
Oct.-Nov
61332
6^4
Tuesday.
Delivery.
Delivery.
Delivery.
Oct
Nov.-Dee
Feb.-Mar
6t58®2i32
63ie
6332
658@2132
Oct.-Nov
Jan.-Feb
Oct
6H32
63l6
Oct.-Nov
.6213o
-62132
6*8
Wednesday.
62332 Nov.-Dee
6i lie Dec.-Jan
6ii je Jan.-Feb
6u32®38 Apr.-May
Aug.-Sept
Sept.-Oct
Oct.-Npv
Delivery.
Delivery.
Delivery.
Aug
63232
Sept
6532@316
611ig
6^
Oct
Oct.-Nov
63ie
Oct.-Nov....
6 ii32® 3b
6H32
Thursday.
Delivery.
Delivery.
Delivery.
6 % © 2532
61332®7iq
Nov.-Dee
6732
Dec.-Jan
63ie
6%®2332 Sept.-Oct
6%@2532 | Oct.-Nov
Aug
Sept
—6%'<z>2532
Oct
6%
Aug.-Sept
I
Aug
6I3 ie
Oct..
gi»ie
6*4
Nov.-Dee
Friday.
Delivery.
Delivery.
6%
Oct
._.62532
62532 g)34 I
Aug.-Sept
Sept.-Oct
Delivery.
I
Oct.-Nov—6i332'5>38 I Dec.-Jan
■2) 13.12 I Sept
Nov.-Dee
6732 I Oct
6i3ie
62o32
62532
BREAD8TUFFS.
Friday,“P. M., August 29, 1879.
The market for flour has been
the business
fairly active in the past week,
aggregating in fact rather above the average,
and
prices have had an upward tendency, especially for common
extras and choice patents from old spring wheat.
These are
comparatively scarce. Flours from new winter wheat are in
full supply, and have improved in prices very little, if at all;
still they are more salable. Rye flour and corn meal have ruled
very firm, with a fair business.
To-day, the whole market was
dull.
exceptionally active at advancing
prices. There has been a partial “corner” on August deliver¬
ies of No. 2 red and amber winter, and these grades have
advanced more than others, and more than contracts Tor the
next two months.
Thus, yesterday, No. 2 red winter sold at
$1 11%@$112 on the spot, and $1 11%@$111% for September
and October; No. 1 white, $1 11%@$1 12 on the spot, $1 11%
for September, and $1 11% for October.
There has been more
doing in spring at $1 03@$1 04 for new No. 2, and 98c.@$1 for
new No. 3 ; No. 2 for September, $1 02%.
The statistics of the
Produce Exchai%e show a falling off in the movement towards
interior markets, as compared with last year, but, owing to the
direct shipments to the seaboard from provincial towns, those
The wheat market has been
freights the past week have been as follows:
Satur.
do
Aug..
Aug.-Sept
6,993
New York
do
6916
69,6
36
follows:
Cotton
6916
Aug.-Sept
Sept.-Oct
733
Total
The
Oct
Nov.-Dee
Dec.-Jan
287
(foreign)
are as
69i6
Sept.-Oct
I 8,906 4,794 10,0191 5,937 331,880 401,890
News.—The exports of cotton from the United
669.1
Delivery.
d.
6332® *8
6iie®332
Delivery.
d.
Delivery.
Aug
Aug
5,870
160
100
&c.
stated.
Sept.-Oct
160
ICO
All other
5,857
Liverpool, for the same week, are given
basis of Uplands, Low Middling clause,
Saturday.
,
5,918 289,949 342,384
Other French ports
Total French
aniess otherwise
Oct.-Nov
3
Havre..-
date.
The actual sales of futures at
below. These sales are on the
period
previ’us
5,618 272,833 336,527
5,607i 4,634
Total Spain,
1, 1878.
(bales) from New York since Sept.
Week
San
[V0L.XX1X.
THE CHRONICL E
232
Compressed.
Liverpool.—By cable from Liverpool, we have the following
stocks, &c., at that port :
statement of the week’s sales,
>
q-5
CO
Aug. 15.
Aug. 22.
figures are no longer reliable. To-day, No. 2 red winter de¬
clined and sold freely at $1 10%@$1 10% for September and
October, closing steadier ; white wheat, %c. lower, but spring
about steady.
Indian
Aug. 29.
corn
has been more freely
offered, under increased
supplies at the principal points. No. 2 mixed has declined to
on the spot, 46%c. for September, and 47c. for October.
2,000
2,000
Forwarded
42,000
29,000
Other
Bales American
grades are exceptionally scarce and relatively high.
6,000
3,000
Of which exporters took
4,000
2,000
To-day,
there was no decided change.
Of which speculators took..
417,000
503,000
Total stock
Rye has been in demand at firm prices. Free sales were
266,000
369,000
Of which American
47,000 made of No. 2 Western at 63%@64%c., with some business in
14,000
otal import of the week
9,000
14,000
Of which American
To-day, the market was quieter.
4,000 No. 1 State at 67c.
6,000
6,000
Actual export
189,000
132,000
190,000
Amount afloat
Oats declined sharply early in the week, until No. 2 graded
22,000
19,000
16,000
25,000
Of which American
were quoted at 29%@30c. for mixed and 32@32%c. for white
The tone of the Liverpool market for spots and futures each dav of
the week ending Aug. 29, and the daily closing prices of spot cotton, These low prices brought in dealers as free buyers, and there was
have been as follows:
Yesterday, No. 2 white sold for October at 34c.
some advance.
To-day, the market was again stronger, and No. 2 graded
Saturday Monday. Tuesday. Wedn’sdy Thursd’y Fridiy.
Spot.
closed at 31@31%c. for mixed and 33@33%c. for white.
Active
and
Market, ) Harden’g. Buoyant. Steady.
Firmer.
Steady.
The following are closing qotations :
firmer.
12:30 P.M. ]
Bales of the week
hales.
50,000
5,000
39,000
6,000
3,000
469,000
343,000
18,000
14,000
61,000
4,000
49,000
4,000
4,000
427,000
297,000
21,000
6,000
6,000
176,000
63*
63*
678
67e
gj®1©
6l5ie
36,000
....
Mid. Upl’ds
Mid. Orl’ns.
Market,
5 p.m.
6^8
634
634
678
60,000
.
673i0
61516
\
•Spec. & exp.
15,000
2,000
8,000
1,000
10,000
2,000
12,000
2,0C 0
8,000
1,000
Futures.
5 p.m.
\
(
and
Extra State, &c
Western spring wheat
extras
do XX and XXX...
Western winter ship'
•
'Market,
$ bbl.
No. 2
Western
10,000
1,000
Strong.
Steady.
Firm.
Steady.
Firmer.
Steady.
GRAIN.
FLOUR.
Superfine State
j
Bales
45%c.
ping extras
do XX
andXXX...
Minnesota patents...
$2 40®
3 25
3 40®
4 30®
4 00
4 40
4 25® 4 45
4 50® 5 75
4 35®
4 85®
5 25®
4 70
5 75
7 25
Wheat—
No.3 spring, $
No. 2 spring
hu.
Amber winter...
Red winter, No. 2
White
No. 1 white
Corn—West, mixed
Western No. 2...
Western Yellow..
Western White...
97
$! 02
04
®1 00
®104
11
®1
1
1 10^4® 1
1 06 ®1
1 11 ®1
45 ®
45
47*2®
54 ®
10^3
ll^
11*4
46*4
49
57%!
Atjgcbt 30,
CHRONICLE.
THE
1879.]
25
Western, &c
Brandywine, <kc....
63
67
28
32
Rye—West’n, No.2.
00
00
State and Canada
Oats—Mixed
White
2 10® 2 50
2 65® 2 75
State, 4-rowed...
State, 2-rowed...
Peas—Cau’(la,fl.& f.
®
®
®
®
®
®
®
®
00 Barley—Canada W.
Corn meal—
70
64*2
..
31
38
Wheat,
Corn,
Oats,
bbls.
bush.
bush.
bush.
85
Peoria
Duluth
Total
121,422 2,962,587 2,365,185
Previous week
113,438 2,626,585 2,570,004
Same time ’78.. 92,652 3,735,417 3,448,512
Rye,
bush.
966,666 60,714 204,047
765,599 25,444 171,045
.
Total receipts at same
for four years:
Wheat
Corn
bush.
(56 lbs.) (32 lbs.) (48 lbs.) (56 lbs.)
(196 lbs.) (60 lbs.)
691,749 1,622,979 543,577 24,749 122,053
35,379
51,550 16,750 22,570
33,270
120,080
21,846
171,989
46,689
2,647
767,218
511,451
7,450
1,015
311
2,661
5,757
46,355
91,700
39,200
200
2,186
1,800
229,385
80,073
3,000 18,666
662,592
51,524
930
40,050
236,780 183.200 15,000 36,000
14,927
21,766
3,800
77,747
Milwaukee
Toledo
Detroit
Cleveland
St. Louis
Flour
Barley,
1,432,081162,290 236,874
ports from Jan. 1 to Aug. 38, inclusive,
1878.
1877.
1876.
bbls.
4,104,761
3,510,870
2,591,622
3,309,453
bush.
48,213,201
63,395,478
19,638.695
44,902,705
64,686,642
19,308,142
15,189,869
54,054,630
12,941,404
2,543,516
2,464,879
3,249,538
2,783,329
2,880,134
1,547,189
29,771,113
51,839,936
15,564,421
3,091,451
Oats
-
3,110,794
1,715,000
5,800
378,177
844,079
200,173
122,296
Albany
Milwaukee
Duluik
Toledo
Detroit
530,306
534,865
Oswego
St. Louis
Boston
Toronto
Montreal
y
.
Cora,
Oats,
bush.
bush.
2,021.355
381,000
26,000
690,662
2,263,014
20,425
16.401
178,276
4,905
568,604
287,000
36,000
9,984
253,842
8,417
4,918
52,379
(15th)..
Philadelphia
210.000
246,390
129,013
74,794
24,689
2,200
700
30,609
83,214
929,750
25.0S1
Peoria
Indianapolis
Kansas City
118,000
180,395
1,953,690
668,360
1,769,957
1,670,000
Baltimore
Rail shipments...
Lake shipments..
On Canal (est.)
420,848
...
Total
203,500
255,050
26,500
50,954
475,460
540.843
2,371,523
2,296,000
Barley,
flush.
88,243
19,000
79,488
6,200
36,000
30,035
115,358
87.586
58,114
9,414
..
6,127
86
23,955
38,201
33,576
400
342
1,316
31,520
3,000
9.700
4,859
514,251
50,546
.
6,884
20,000
4,020
4,021
19,165
245,000
12,582,429 2,279,174
300,498
12,140,032 1,824,631
306,311
11,436,314 1.914,487
318,424
11,099,554 1,762,250
324,929
330,601
10,068,258 1,441,877
9,749,498 11,035,0713,078,079 1,205,504
15,966,899
16,026,837
15,189,594
14,352,416
14,696,281
Aug. 16, ’79
Aug. 9,’79
Aug. 2,’79
July 26, ’79
Rye,
flush.
26,107
3,839
190,000
550,099
70,403
Aug. 24,’78
1879.
Barley
Rye.
flush.
Chicago
Receipts of flour and grain at Western lake and river ports
Aug. 23:
Flour,
In Store at—
New York
Do. afloat (est.)
Buffalo
for the week ending
Chicago
Wheat,
GRAIN.
FLOUR.
City shipping extras. $4 3S'® 5
Southern bakers’ and
family brands
5 25® 6
Bouth’n ship’g extras. 4 60® 5
Rye flour, supertine.. 3 GO® 3
At—
233
75,468
228,595
143.000
797,180
493,906
479,114
402,436
318,393
695,441
TH2 D1Y GO >D^ TtADS.
Friday, P. M., Aug. 29, 1679.
There has been
during the past week increased buoyancy in
nearly
all
departments
of the dry goods trade, and the volume
Total grain.... 136,255,769 134,930,356
86,613,175 101,481,498
of business was fairly satisfactory. There was a considerable
Total receipts (crop movement) at the same ports from Aug. 1
influx of retail buyers from the interior, which gave an impetus
to Aug. 23, inclusive, for four years:
to the jobbing trade, and a liberal distribution of staple and
1879.
1878.
1876.
1875.
Flour.'.
bbls.
486,896
364,211
360,780
373,685 department goods was reported by dry goods jobbers.
There
Wheat
bush. 10,947,733
10,895,718
4,898,284
3,327,005 was also a brisk demand for ready-made clothing, and in this
Com
10,367,371
12,182,490
11,389,044
9,435,588 connection
large sales were effected by wholesale clothiers..
Oats
3,576,807
4,747,101
2,295,537
1,727,713
Barley
119,114
318,657
160,952
121,012 The improved condition of the local and interior jobbing trade*
Rye
683,041
724,020
607,262
217,131
was reflected in a more active movement in most descriptions
Total grain
25,694,066
28,867,936
19,349,079
L4,828,449 of goods from first hands, and a
very fair business was accom¬
Comparative shipments of flour and grain from the same plished by importers and manufacturers’ agents representing
ports from Jan. 1 to Aug. 23, inclusive, for four years:
leading makes of domestic goods. Values were without material
1879.
1878.
1877
1876
Flour..
bbls.
4,410,218
3,710,050
2,561,715
2,534,906 change, except that there was a trifling advance in print cloths
(in sympathy with cotton) and a slight decline in 56x60 prints.
Wheat
bush. 44,137,884
32,272,876
28,723.059
28,368,974
Domestic Cotton Goods.—The export movement in domestics
Cora
56,839,951
54.069,730
48,067,865
47,798,862
Oats
14,552,835
12,525,183
14,116,400
13,523,531 was of lessened
proportions, only 1,228 packages having been
Barley
2,099,080
1,64S,988
1,288,287
1,281,498
1,203,008
Rye
2,332,018
2,143,257
1,003,503 shipped from this port to foreign markets during the week end¬
Total grain
119,961,768 103,260,031
93,398,619
91,976,368 ing August 26, of which 568 were sent to Great Britain, 216 to
Rail and lake shipments from same ports for the last four weeks: U. S. of Colombia, 174 to Hamburg, 92 to Hayti, 38 to Mexico*
36 to British Honduras, and the remainder, in small parcels, to
Week
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
ending—
bbls.
bush.
bush.
bush.
bush.
bush.
other markets. There was a steady demand for re-assortments
Aug. 23
130,365 2.438,317 2,912,366 564,797 19,165 304,065
of
Aug. 16
635,335
134,847 2,675,032 2,925,889
8,263 90,994
brown, bleached and colored cottons at first hands ; and the
Aug. 9
176,483 2,867,386 1,982,877 621,347
8,962 108,013
tone
of the market was generally steady, save in the case of
All". 2
144,389 2,252,803 1,929,511
494,750 11,602 110,437
brown sheetings, which were in some cases a trifle easier.
Total, 4 w’ks. 586,084 10,233,538 9,750,643 2,316,229 47,992
1,214,547
....
....
Tot.4 wks ’78 458,851
7,577,949
9,114.000 3,022,280
613,509
59,434 481,207
Stocks
are
well in hand, as a rule, and some makes of bleached
goods (in low grades) are in meagre supply. Print cloths were
fairly active and firm, with an upward tendency, owing partly to
Wheat,
Corn,
Flour,
Oats,
Barley, Rye,
a threatened “ strike” at Fail River and partly to the advance
bush.
At—
bbls.
bush.
bush.
bush.
bush.
New York
118,900 2,724,250
902,164 455,734
62,378 in cotton.
Extra 64x64 cloths were quoted at 4^@4%c., and
Boston
58,387
196,486 12S.377
353,111
5,600
800
56x60s
at
3
Portland
9-16@3^c.
Prints were fairly active, and standard
1,250
4,500
1,800
Montreal
13
19,586
33,802
372,043
2,610
makes continued unchanged in price ; but s56x60 fancies were
169,000 14,000
13,200
744,600
Philadelphia
l,00u
Baltimore
16,644 904,800
57,100 71,000
1,600 reduced %c. per yard.
Ginghams and cotton dress goods were
New Orleans
23,177
98,977
111,160 22,747
in steady request and firm.
Total week
251,144 5,197,781 1,174,212 696,268
5,613 65,773
Domestic Woolen Goods.—There was little change in the
Previous week... 215,530 5,611,622 1,451,165 544,792
6,038 66,237
condition of the market for men’s-wear woolens, but the late
Cor. week ’78.... 197,264 3,944,616 1,961,131 846,085 18,005 122,374
Cor. week ’77.... 179,088 1,431,146 2,460,740 628,200
8,210 65,956 advance in the
staple has imparted more steadiness to prices.
And from Jan. 1 to Aug. 23, inclusive, for four years:
Agents continued to make fair deliveries of fancy cassimeres,
1879.
1878.
•
,4877.
1876.
cheviots
and worsted coatings, on account of former orders, but
Flour
bbls.
6,367,074
5,462,610
4,265,329
5,851,655
new business was restricted in volume.
Overcoatings, cloths,
Wheat
bush. 76,362,000
54,343,878
10,169,959
28,406,454
and
doeskins
ruled
Cora
74,263,440
quiet
and
steady,
but
special styles of
74,725,677
55,403,294
56,493,004
Oats
13,896,268
13,943,120
11,016,321
15,672,421
cloakings were in fair request. In Kentucky jeans there was only
2,116,046
" 2,049,319
Barley
1,756,908
2,468,115
Rye...
2,427,996
2,850,903
971,455
370,044 a moderate business, and satinets remained sluggish as a rule.
Total
168,706,612 148,331,693
79,677,075 102,991,242 Flannels have shown more animation, and a fair distribution of
colored flannels (both plain and twilled) was effected by agents
Exports from United States seaboard ports and from Montreal,
and jobbers. Blankets continued quiet, but there was a fair
for week ending Aug. 23:
Flour,
Wheat,
Cora,
Oats,
Rye,
Peas, business in shawls and skirts, and worsted dress goods were in
Receipts of flour and grain at seaboard ports for the week
Aug. 23
ended
......
...
...
From—
New York
Boston.
Portland
Montreal
bbls.
bush.
bush.
71,085 1,803,436
21,629276,222
*
603,530
101,812
52
bush.
3,243
bush.
bush.
8,528
1,833
......
good demand.
Foreign Dry Goods.—There
hands for most
was
a
better demand at
first
descriptions of imported goods, and the jobbing
decidedly
more active. Staple and fancy dress goods
Baltimore
28,986
930
were sought for in considerable quantities, and black colored
Total for w’k 129,510 4,157,389 1,024,059 32,172
8,528
3,535
Previous week. 96,518 3,906,056
Millinery silks and
658,179
3,268 73,335
1,273 and fancy dress silks were in good request.
Two weeks ago 100,264 4,536,417
977,339
9,212 49,749 33,849 velvets met with fair sales, but ribbons ruled quiet. Linen and
Same timers. 64,859 3,809,750
922,903 167,012 14,568 29,889
white goods remained sluggish in first hands, and laces and
The visible
supply
of
grain,
comprising
the
stocks
in
granary embroideries were
lightly dealt in; but prices ruled steady..
at the
principal points of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, Aug. 23, was as Men’s-wear woolens were slow of sale, and there was rather
follows:
~
less inquiry for Italian cloths, satin de chenes and serges.
Philadelphia..
15,981
3,232
17,531
738,501
407,166
932,064
66,413
223,318
r
27,999
1,702
trade
was
Receipts of Leading
Importations of Dry Goods.
importations of dry goods at this port
Aug. 28, 1879, and for the corresponding
1877, have been as follows:
The
ENTERED FOR
CONSUMPTION FOR THE WEEK
843
792
440
.-.
Miscellaneous
885
811
424
140,144
814
723
articles of domestic
1879.
Value.
■
694,938
414,901
721,065
191,781
210,754
Week ending
Aug. 26.
Ashes
4,351
2,935
43,282
47,393
bbls,
108,960
3,291,624
2,638,531
870
MARKET DUR¬
Silk
Flax.
Miscellaneous
..
105,616
182,063
105,740
22,974
103^436
132
386
300
70,452
2i;i08
Total
Ent’d for consuinpt.
745,351
1,862
4,542 1,799,137
512,140
1,631
4,336 1,654,987
market...
6,404 2,544,488
5,967 2,167,127
Total
on
ENTERED FOR WAREHOUSE
Manufactures of—
Wool
Cotton
Bilk
.‘
761
175
191
773
283
Flax
Miscellaneous
501
230
127
356
210
244,153
72,991
571
242
328,958
805
317
207
503
30
2,554,079
7,130 2,706,641
95
322
32,749
94
411
185
98
384
35
203,794
501
172
305,567
74,212
172,733
108,718
59,179
99,489
61,629
14,371
159,957
57,125
73,132
65,152
19,264
Total
Ent’d for consumpt.
2,188
693,979
4,542 1,799,137
438,462
1,184
4,336 1,654,987
Total at the port...
6,730 2,493,116
5,520 2,093,449
6,819 2,608,069
Articles.
Imports of Leading
table, compiled from Custom House returns,
foreign imports of leading articles at this port since
January 1, 1879, and for the same period in 1878:
(The quantity is given in packages when not otherwise specified.]
shows the
China, &c.—
China
Earthenw
Glass
Glassware.
Glass plate.
8,977
24,610
142,816
.
Buttons
Coal, tons...
Cocoa, bags.
Coffee, bags.
Cotton,bales
9,938
28,133
12,055
Tea
Tobacco....
Waste
24,377
17,088
Gum, Arab.
Indigo
Madder, &c
Oil, Olive..
Opium
:Soda, bi-cb
Soda, sal...
■Soda, ash..
.
829
466
15,701
40,652
41,325
2,124
4,393
43,115
1,947
Flax
Furs
6*; 142
Gunny cloth
Hair
Hemp, bales
Hides, &c.—
Bristles
..
130,442
120,932
889
954
1,026
Nuts
Raisins
....
Hides, undr.
....
Pepper....
360 Saltpetre
212,968 Woods—
...
305,313
75,845
Molasses....
66,193
Cork
Fustic
Metals, &c—
Cutlery....
Hardware..
3,162
2,699
439
345
-
992,294
490,504
32,770
1,395,387
565,907
36,484
329
345
71,852
121,060
32,818
59,954
92,744
21,775
$
868,591
50,975
577,249
252,553
973,550
41,002
520,192
262,113
1,009,756
1,431,176
436,714
431,949
7,134,883
239,823
1,605
428
.
.
...
28,369 Spices, &c.—
1,093 Cassia
1,768
.
..
3,140 Rice
Ginger
Watches
Linseed.....
$
Logwood
..
Mahogany.
1,063,268
1,319,839
513,715
40L283
7,273,997
200,472
224,879
96,054
321,974
195,709
120,285
41,061
283,124
124,040
342,322
91,354
459,676
131,903
305,585
31,072
467,028
43,735
Exports of Provisions.
New
York,
]
following are the exports of provisions from
Boston,
iston, Baltimore, Philadelphia, Montreal, Portland, and New
Orleans, for the week ending August 23, 1879, and their
The
Lead
Molasses
hh
distribution:
Pork,
Beet,
Lard,
Bacon,
Cheese,
Tallow,
bbls.
bbls.
lbs.
lbs.
lbs.
lbs.
Liverpool....
London
Glasgow
Bristol
'.
British ports.
231
332
217
......
Antwerp
io
Hamburg
50
Rotterdam...
Bremen
Havre
......
1,680
463
382
75
15
100
25
1
2,397,290
34,000
478,000
138,100
1,483.200
304,000
7,088,492 1,619,510
266,500
366,000
716,175
166,075
10,450
1,153,500
121,550
702,240
512,600
75
519,180
46,200
Naval Stores—
bbls.
f
tea. & bbls.
kegs.
No.
Hogs, dressed
Rice
pkgs.
Spelter
slabs
Stearine
pkgs.
Sugar
Sugar
bbls.
hlids.
Tallow
pkgs.
^
hhds.
bbls.
Whiskey
bales.
Wool
237
276
6,476
Total week..
4 675
3,362
7,123,858 11,590,908 3,265,840 1,584,634
Previous w’k
6,784
2,213
6,197,143 10,600,199 3,789,634
10392
32,940
106
2,000
182
878,811
,
912,475
1,551,219
332,539
519,812
213
1,807
5,206
3,996
3,128
44,755
49,869
24,946
62,816
19,397
1,379
30,652
65,661
110,526
61,315
179,939
2,418
83,736
Week ending
Aug. 26.
14,814
650
15,006
54,213
127,334
103,969
127,834
61,300
170
4,120
32,798
122,244
.bbls.
66,491
1,937,399
bbls.
25
....bbls.
.bush.
..bush.
.bush.
..bush.
...bush.
...bush.
..
Rye
.
Oats
..
Barley
46,841
1,575,533
3,269
145,544
29,683,366
2,623,337
2,318,319
1,516,207
308,267
18,974,222
30,747
36,717
275,801
101,126
42,111
374
19,652
37,558
100
135
106
6,619
119,035
4,956
1,192
1,885,579
8,528
3,778
.
Peas
Corn
Candles
Coal
Cotton
Domestics
..
.pkgs.
tons.
...bales.
..
.pkgs.
Hay
Hops
Naval Stores—
Crude turpentine
bbls.
bbls.
Spirits turpentine.
....bbls.
Rosin
.
...
Pitch
Oil cake
Oils—
Whale
1,779
459,761
434
1,589
9,004
1,228
2,068
...
.bbls.
....bbls.
Tar
2,314
100
40
17,692
Sperm
Lard
Linseed
Petroleum
4,560
104,510
34,617,742
2,511,296
372,968
101,870
235,642
22,081,570
39,158
51,985
189,707
184,716
3,400
11,767
166,446
5,605
4,068
1,036,391
1,431,756
356,101
451,017
909,794
4,947
'
—gals.
....gals.
....gals.
....gals.
gals.
103
201,436
95,562
878,894
6,344
5,099,717
155,754,530
124,471,123
....bbls.
2,880
157,612
33,937
37,000
396,404,990
20,498,004
92,320,961
168,252,918
10,551
162,373
16,949
527
.tierces.
Beef
Cutmeats
Butter
Cheese
Lard
1,093
1,046
Breadstuffs—
Corn meal
Wheat
Same time
last year.
108
Beeswax
...
1879.
10
Ashes, pearls
Flour, wheat
Flour, rye
Since Jan. 1,
bbls.
bbls.
lbs.
Ashes, pots
Pork
19,111
31318
7,380
1,543
285,503
11,967
exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1879, to the same day, and for the
corresponding period in 1878:
Beef
45,381
201,150
13,593
the
100,550
1,56S,895
14,250
1,005,460
261,321
shows
105.000
704
545
69
•
51,767
Exports oi Leading Articles of Domestic Produce.
The following table, based upon Custom House returns,
16,336
2,437
25
124
1,204,311
200
6
boxes & cases.
Tobacco.
Tobacco
1,973
36,053
24,763
60,951
6,117
6,724
2,923
i98
4
18
113,149
175,606
36,960
862,851
768,834
2,004,092
355,029
529,339
28,171
19,807
21,945
.bbls.
pkgs.
2,738,686
171,817
25,750
Oil, lard.
Cheese
90,805
48,745
2,776,683
452,023
4,941
75,588
988
418
3,213
.pkgs.
123,964
125,613
86,523
50,861
49,089
•Pkgs.
Beef
«•
69,088
Oil cake.
900
350
Pork
240,537
445,002
16,158
35,054
98,243
145,603
1,104
5,728
Provislons-
7,021,927
2,367,282
100
780
bbls.
bbls,
Rosin
Tar
134,858
33,991,669
2,279,454
24,376,883
8,503,452
2,826,612
458,647
503,470
106,361
37,152,579
1,552,004
26,515,040
1,333
46,084
204,235
16,616
2,036
267,598
11,940
118
Turpentine, crude... .1
Turpentine, spirits... bbls,
4o;ooo
64
475
......
iso
Provisions—
22,200
123,520
814,400
506,535
705,801
Marseilles....
Cout’l ports..
8. &C. America
West Indies..
Brit. Col
Oth’r countr’s
1,314
85,870
3,560
;
...
To—
963
bales
Fruits, &c.—
Oranges
Ivory
Jewelry ,&cJewelry
.
Fish
Lemons
31,120
..
Corks
598
India rubber
441,205
Fancy goods
3,044
3,340
504,366
value.
663
Hides,dr’sd
28,279
676442
7,681,172
90,764
Cigars
2,843
.
4,887
772,946
6,622
1,169,597
48,803
901,923
9,705,741
89,910
baskets..
2,309
4,602 Wines
2,921 Wool, bales.
27,567 Reported by
10,165
39,302
..
15,866
1,100
4,498
...
Lard
Lard
1,839 Wines, &e.—
12,821 Champ’gne
30,872
3,766
4,292
1,973
33,419
.
Tin, boxes.
3,582 Tiuslbs.,lbs
5,924 Paper Stock.
82,640 Sugar, hhds,
16,066 tcs., & bbls.
1,025,382 s Sugar, boxes
3,467 and bags...
2.391
Cochineal..
Gambier
..
.
14,841
3,257
6,534
34,021
22,891
1,507,047
Drugs, &c—
Bark, Peru.
Blea. powd.
.
Metals, &c—
8,563 Lead, pigs
23,851
Spelter, lbs
157,008 Steel
24;975
Hides
Hides
Eggs,
1878.
1879.
1878.
1879.
3,173
DURING SAME PERIOD.
374,630
1,1 L3
5.706 2,233,439
The following
64,149
1,087,403
389,273
41,275
1,320
200,346
66,978
111,935
71,602
22,341
1,424 473,202
5,706 2,233,439
Same time
last year.
1,
101
701
Breadstuffs—
Flour, wheat
Since Jan.
1879.
bbls,
ING THE SAME PERIOD.
Manufactures of—
Wool
Cotton
ending
for exports);
and for the
produce in New York for the week
Tuesday last (corresponding with the week
also the receipts from January 1, 1879, to that day,
corresponding period in 1878:
with
5,706 2,233,439
W4REII0USE AND THROWN INTO THE
WITHDRAWN FROM
following table, based upon daily reports made .to the
Exchange, shows the receipts of leading
$
1,659
1,288
1,222
4,336 1,654,987
4,542 1,799,137
Total v.
Pkgs.
466,217
327,335
572,319
171,892
117,174
1,048
1,168
570,803
337,400
572,658
178,132
1,371
1,096
Wool
Cotton
Silk
Flax
The
Articles oi Domestic Produce.
New York Produce
1879.
$
$
Manufactures of—
ENDING AUG. 28,
Value.
Pkgs.
Value.
Pkgs.
for the week ending
weeks of 1878 an<
1878.
1877.
[VOL. XXlX
CHRONICLE
JCHE
284
902
8,307,542
lbs.
....bbls.
Rice
Tallow
...hhds.
Tobacco, leaf
Tobacco
bales and cpses.
Tobacco, manufactured libs.
Whalebone j.vi'.... .....lbs.
462,510
3,044,643
4,442,465
130
1,435,418
1,298
1,040
XQ2,297
.
...
45,464,944
36,473
18,658
33,718
41,249
327,264,670
13,787,519
96,643,355
185,009,400
14,971
50,709,093
72,072
52,891
4,589,214
4,435,470
40,510
.
-85,789
@FedFRASER