Full text of Commercial and Financial Chronicle : August 7, 1875, Vol. 21, No. 528

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HUNT'S MERCHANTS' MAGAZINE,
aKPRESENTINO THE INDUSTRIAL AND OOMMEBCIAL INTERESTI JF THE nNITED STATES.

VOL.

SATURDAY. AUGUST

21.

CONTEMT*.
TBI CHROmCIX

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haoatire

Brgamenu

PiUKNTJ.

in favor of ipccie

We

;

.

laBt SBtordky Mr. John Shemuui gsTe to his oonMitoenU in Ohio one of the moBt complete and ex-

*• ** '""tidiooB BdTOOBtfM

We

Wa

St.

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ft

ftvr

all

Wa

Bi«a4

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Ml MalM* r^MriMioa
A.
WILLIAM
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MBM POT Ua^, •Mk iMarttoa.

I

reoMabn

well all tba flireamiuneas eoBaaeted with the first
ibe aucnM^linK iaaaea of Coiled Slates notaa, sad took as
•flrcilrw a pan aa anj one oUe In prorldinir for th^ir iaaur.
It
waa la Kabruary, IMJ, after all the banks had aiupendrd iipeoie
paymeou, wliro i>ur armip* ttad made no proitraaa, our re>vpnuea
werr rat nir by the war and our nxp«Ddltarea were mnr* than
|1,OOO.UOO a day. Tlirre waa then lyinffon the tahlenfMr. CUaae.
SrcreUrr of liie Treaaury, rrqaianiuon lor nver BSO.OOO.UUO to pay
our aoHlera aod lo aupply them with food, amnionitlon and
trk'^aportatioD.
Uur booos eould not be sold, for there waa no
eurreory to pay for thrm.
bad toiaaue the nokBaot ibe rToited
Stat«a In the form of carrencr, and yrt aa a pan of the pablic
delA. Tbxooly q>ie«ilnn waa whether they ahould be a Irgal Kinder
twtwreo lodlriduala in the payment of debta. Upon tbia point I
bad clear cnnvictlooa. I felt that If our loldiera wen to be mm.
pelled to take tbeae uolea aa money that we were bound, li we
ooold, to rtqaire ereryltndy else to take them as money.
eoeld DMleare them to the tender mercies of rredltors, aharerj
•ad BBpatrioCle mm, wb? would gladly decry and repudiate these
therefore made them a le^cal tender, and the Supreme
•eua.
OoBtt baa npbeld oar powar to do ao. But we took every pr>H;aucarefully limiie<l the
liea te preveat their dapredattoo.
aaoant we made them reealrabte for all internal taxt«; we made
tbem a le^al lender in payment for all debta, aod we made them
eonvenlblx into booda. the ioteraat of which waa payable in gnid,
asd the dotica or tai>« oa importad sooda were made payable in
g«ld. ao thai we would hare an ample fund In i^old to pay the
latereat.
After all tliix we limited ibe amount bryond wliich we
would oerer (ro at (4(IO,000/X)0. 8ach waa the care and aoilcitude
with whicli we hedirrd in tba irreenbarkii, and every dollar of them
waa Irsaed with the understandinK and deilsred public policy
that after the war waa orer they wuuld b« redeemrd in i^ola.
Tbe grMt error of oar financial policy waa in repeilin);. Inrtead of
aifanemHaw durtng ilie war the right of each liolder at hie will
Thia would have restored
lo ennrert hia gremhacka into booda.
The coniwqurneea of
tliem, aonn after tlie war, to par In Kold.
thia error ia to involve uii in the dicredit, now ten reara after the
war la orer, of fordnK eveiytjody to takf our nolea at a depreciation of foarteeo per cent, while the United Stalea, with ample
meaoa, refuae to redeem tham acoordiog to the promise printed

aod

TasCoififBaciALAiio Km i rtn > i, Cbbowkti i§ tiiu§4
dug »ominff. with lAt laUtt i%^m Bf to wUdniglU »f PUimg,

NO. 528.

1875.

The next question was, ho tr f&r our currency is degraded from the model which Mr. Sherman had declared
to be the mo8t perfect and the moul trustworthy currency.
In a few brief touches Mr. Sherman skctuhud the
history of our paper money from February, 1862, when
the I.«gal Tender act was passed.
IIu defended that
statut<>, and contended that the evils which it has brought
upon the country should be charged upon subsequent
statutes, by which the Leg^ Tender law was made more
mischievous than it could otherwise have 'become. His
whole reasoning on this subject is sumined'up in the
following passage, which contains a brief and condense*!
fragment of history well worth preserving
I

m\)t €[)xon\t[t.

7,

paymenu which

on their

face.

In thia sUtoment it will be observed that Mr. Sherman
makes no mention of the immense issues of interestBB to what a aound currency itL He eeUbliahed by
the liearing legal tender notes which in 1865 and 1866 had
*
ordinary argtimenu the position that a good currency
such a powerful influence in retarding the consolidation
in modern timea mnat consist of two
parU, one of which of the public debt just as during the last two years of
roojt be of ••oln and the otfu r of paper,
redeemable on the war they had exerted a powerful influence for the
demand in coin. The lominonjt reawming and illnrtratioiid depreciation of the currency and the raising of the preby which theee qnaation* were Boalyxed and dincnaned mium on gold. If Mr. Sherman had given those interestwe are compdled to omit for oUmt topioa more novel bearing notes a place in his narrative he would have
DdtiBdy.
presented a complete aoooont of the main facts in regard
•**'••

J''"* of ••» Mr.

of s foaod onrrency oonld

ShcrmBB explained

hin

riewi

;

;

THE

120

money legislation. Those facts are three
we made our irredeemable paper a legal tender for

to OUT paper
first,

all

;

debts public and private.

war power

This was done under the

of the Constitution which the

Supreme Court

of the United States has declared to be an adequate
authority for that purpose. Secondly, under cover of

war power we pushed

this

currency too

We

far.

the issues of irredeemable

issued a larger

volume of

[August

CHItONICaLE.

this

seductive and dangerous paper money than we could
keep at par. And to crown our errors we proceeded

dustrial distress.

This Mr. Sherman denied.

7, 1876.

He pointed

U} the example of France, inhere an aggregate currency

of paper

money and gold

is

maintained as large or

His

argument might have been
strengthened if he had shown the large amount of contraction which the French currency has suffered during
the last two or three years. This contraction, as we
recently showed, did not injure business or disturb the
money market; for monetary ease has continued unbroken
in France, and the activity of the French internal and
larger than ours.

near the close of the war, when excessive issues of

external trade during this period has surpassed all prior
indepreciation,
to
experience.
Some persons have ingeniously conjectured
enormous
caused
greenbacks had
crease that evil by indefinite issue? of five per cent that gold and silver coin pass current among the
legal tenders; and while thus augmenting the burden French people, and have supplied the place of paper

We

our mone- money which has been withdrawn and cancelled.
edifice are assured that this is not so.
The French people do
one of its chief foundations by repealing the converti- not use coin in their daily business to the extent supThis repeal we regard posed, and the contraction of the French paper money
bility clause of the act of 1862.
to

on the tottering fabric of

be borne

tary

we knocked from under

system,

the

as one of the worst and most flagrant errors of Mr.

Mr. Sherman

has only removed the excessive issues which were need-

ful to carry out the enormous financial transactions inciobserves
condent to the payment of the French war fine.
that
this
very
traly
no better of it.
Perhaps the most instructive part of Mr. Sherman's
vertibility, had ii been allowed to continue in operation
and to work out its full results, would have restored the speech is that in which he refuted the sophistry of those
greenbacks to par in gold. Our readers will, many of inflationists who contend that the Jay Cooke panic
them, remember what it was that led Mr. Chase to adopt was brought on or made worse by contraction of
He thought that, the currency. In exposing this view Mr. Sherman conhis disastrous policy on this subject.
notwithstanding the war, he could borrow money at 5 cludes as follows: "In September, 1873, when the panic

Chase's administration.

evidfently thinks

He

commenced, the amount of United States notes outfractional
currency
standing was $356,000,000, of
in all
mistaken
bank
circulation
success,
to
foster
this
and
of
much
$339,000,000,
$45,000,000,
ored, with too
* notion, which they saw would conduce, if embodied in a $740,000,000, or more than it had ever been before.
law, to give power and activity to perturbing forces that The panic came with this vast sum afloat, and Secretary
would make great oscillations in gold, in stocks, and in Richardson, without authority of law, issued $26,000,000
other sensitive values. Their project succeeded. The more of United States notes, for the laudable pufposo
It nearly
requisite legislation was obtained, and culminated in the as he thought, of easing the money market.
most violent fluctuations of values which had ever been all went into banks, and there remained in unbroken
known in this country.
packages. If flooding a country with currency would
The third point on which Mr. Sherman spoke was the prevent a panic or stop one, here we had the trial. But
remedy which it behooves us to try with a view to it was only like pouring oil on a fire. It is demonrestore our currency once more to its normal condition. strable that nearly all panics, except only such as are
This normal condition, as was shown at the outset, is a traceable to war, famine, or like causes, spring from
Among the reasons that he expanded credits, and in many cases, from excessive
state of specie payments.
advanced to prove that our currency should be, as soon paper money. Over production is the inevitable result
as possible, brought up to the old level of value, there improvident contracts, unprofitable enterprises, and
were two c>r three which deserve special consideration. wiM speculation always follow expanded credits,
For example, he argued that a greenback is really a bond whether by corporations, banks, or individuals. Inflaof the United States, payable on demand, and payable tion, the very name implies buoyancy, expansion, gas,
in gold at the rate of 25-8 grains of standard metal lo destruction; and, alas, the destruction often falls on
the dollar. These bonds, which we call greenbacks, are those who did not breed the storm. Now that time
as really an overdue claim oa the Treasury as are the has given us a full view of the expanded credits and
called 5-20's and the other matured bonds of the United improvident enterprises of 1873, we only wonder that
These greenbacks must be paid some time or the wreck was not more overwhelming and enduring.
States.
per cent instead of 6 per cent.
persons

who had

other in gold or

As

Several speculative

great influence at Washington endeav-

its

equivalent

if

the debtor

is

able to

Sherman contended that it
depended upon several conditions which were quite
pay.

to this ability, Mr.

within our power.
He next proceeded to discuss the objections to the
policy of resumption.
First, the most obvious objec18 that existing debts and contracts, based upon
depreciated paper money, would be advanced to the

tion

gold standard.

Surely

prudent,

sensible

men who

will

study

such

must conclude that the only remedy is
A few articles
to reduce credits to a substantial basis.
for a time will not sell because there is no demand for
them, or there is an over supply. But this soon passes
away. Industry is gradually reviving, and now is the
time to base our enterprises upon specie paying money,
and upon thrift, industry and economy."

financial waves,

were done suddenly, without
At present, as in 1868, great interest is attached at
it would be wi-ong; but home and abroad to the position of Ohio on the question
if reasonable time is given contracts will be adjusted to of specie payments, and this able and suggestive arguthe change.
With a view to meet this objection, ment in favor of. a sound currency well deserves to be
the law of January, 1875, allowed four years as republished in a separate form. In it Mr. Sherman has
If this

notice or time for preparation,

»

the interval

for preparation

other objection

and adjustment.

An- made a timely and valuable addition

to the long

of

list

traction of the currency needful for a return to specie

previous services which he has rendered in and out of
Congress to the work of restoring a solid basis to

payments, would make money scarce and add to the

business and

is

that which assumes that the conr

in-

commerce bv a reform of the currency.

'

—
August

THE CHBONICLR

1875]

7.

THB KOIETiir TROIBLBS lERR IND IBKOID.
^'

hard to understand why the late
.
,d ha» not made a more profound imprespa:
sion here. The chief reasons for our exemption from more
trouble are to be sought in some peculiarities which are
well worth notice in the modern organization of the moneymarket here and in Europe. One of these peculiarities
is that capital moves in hirger masses than formerly.
Adam Smith's fundamental principle of the "dirision
of labor" has been carrievl td a higher perfection in our
day than in his. In England, from the enormous accu>

find

it

121

compelling it to yield some specific information that may
be of use in the prevention of future panics, one of the
lessons

teaches us

it

business in which
capital

the growing danger of

is

men

modem

rely for too large a part of their

on borrowed money.

Uere, then,

we have some of the elements for solving
we started. If the financial

the question with which

troubles in England have produced very

little

disturb-

ance here, there will not be much ground for surprise
when it b proved that the storm came from local causes,
that it was by its origin of a purely local character, and
mulation of floating capital, this principle has received that it was only likely to bring such craft to grief as
more extensive and diffused developq^ent than anywhere were involved in the perilous whirlpool of British mei^
tim in the world. Hence, the money market there is cantile credits. We are far from wishing to suggest
extremely sensitive. The oj ..rations of business, as the
London 7^m(« lately showed in a very graphic article, are
carried on by two wholly distinct classes of men.
One
class finds the capital and the other employs it and makes
it fructify. "In modem businisa,''iayB our contemporary,

that on

the

list

of our bankers and merchants there

number who are chargeable
being over extended, and of
trading too much on borrowed capital.
On the
contrary, we have above affirmed that this is so.
" the men who use capital for the ourying forward of the
For many months the Chronicle has been declaring
major operations of commerce and trade are not the that this class of our mercantile men is too
owners of that capital. Our merchants, manufacturers lar)!;e, and we have urged upon them the necessity
and captains of industry do not trade on their own of caution, of contraction, and of more pmdent
money. The active men on 'Change have little capital. circimispection. Tlio point upon which we mean to
If these leaden in the great army of modem industrjwere condemned to use no fundi bnt their own for one
day the transactions of that day would shrink into very
We lately quoted from Mramal! dimensions indeed."
Bagehot's " Iy>mbard Street" a remarkable illustration
of the effects of this separation of capital from labor,

this delicate complexity in the oTganiuttion of

He showed how

modem

are not

with

iunst

a considerable

the

is

of

fault

that the over-expansion of mercantile credits in

country does not seem to have reached so enormous
a development as has notoriously been attained in
England. The substantial soundness of the fabric of
our mercantile credits was proved both by the effects of

this

by the records

the panic of 1873 and
since

ttiat

event.

In the

of the failures

United States the mercantile

men with failures are shown by the late report of Messrs. Dun,
large means are gradually rrowded out of many depart- Barlow A Co. to have amounted to a much smaller som
menu of business by men of little or no capital, who during the last half year than the failures of Great
can pet their I/iIIk di«count''d at the bank or in Lombard Britain. We need not, however, pursue tliis argument
street, and can in this way "ramand abnoet any amount
Enough has been said to indicate why it was
farther.
of capital at a quarter of the aairaal sum which they
that the late English failures had so little tendency to
France and England.

the

<

would cipeet to gain a* extra
the

if

money with

whieli

profit

on the

they trade

nme capital

was

all

their

the money markets here or
Germany and continental Europe. «'

disturb either

France,

those of

own.

prowing complexity of the
which only exhibits on a
great scale changes similar to those whieh are going on
here and throughout t'
imerctal world, that the
danger of financial pai;
icreaeed.
When a man
usee his own capital, and ow<>s no more than ho can
easily pay, no financial crii^ii. however sudden or severe,
is likely to hurt him very mii'h.
Bnt if he haa to go to
his !•
if he depdids on his diMM)unt«
to-da_,
which nature to-morrow if he
is trading chiefly on borrowed eapital, as the London
Timti says the great amiy of Eogtish commercial men
are trading, then there ik. wo lay, a great danger of
panics.
Such disaster*
'y
to oecnr more
fre<]ucntly* and
thfiir
results
are likely to spread
under different conditions from tlioae of former years.
follows

It

from

this

London money market,

•.

As

An

on sul>sequent pages by B. F. Nourse, of
found very snggcstive, and we trust its
length will not prevent any from giving it a careful
However much we may wish it were different,
reading.
there can be no doubt of the fact, that as yet we have
failed

to

l>e

the

realize

actinty and

;

anticipated

enterjirise.

Labor

renewal of business
continues only in

still

part croployeil, and in truth each succeeding six months
finds that part 1.. ..ming smaller and more poorly paid.
.

w

s.. that class, because it can get no
emigrating back to Enrope from this land of abundllwWWWere the demand for labor should be infinite and
also find reported everywhere trade
iu hire rich.
very dull; markets glutted by an excess of production

Consequently,
hire,

We

the theory of storms has been somewhat disturbed

beyond home consumption, and the high

by the recent tempest, so must the oommon theory of
paaios be modified, from the teadting of the late finaneial iisaati iu in Eoglaod and hen.
For nearly half a
eentnry we have been taught to expeot a financial crima
ilx^Mit once every ten yean.
Bat thu periodicity in no
l"'ii;er, it seems, to be relied upon.
Tl»e world moves
faster iu this age of telegraphic and stc^m oommuntca
tion, and it woald seem that in future our panics may
both repeat t1
,,,,1
^jn Hprcad more
l

article

Ikwton, will

cost of pro-

duction prohibiting the export of the surplus. In a
word, the prevailing tendency is towards stagnation,

i

inertia, torpor,

among a people whose nervous energy,

active habits and daring enterprise are equalled

nowhere

else.

This increase in the stocks of goods is accompanied
In
also by production restricted in all departments.
flight
quick
the
spindle,
of
the
many pUces the wheel
iMXively.
Til.
.iH t.i ^jK-iid their of the shuttle, the ponderous blow of the trip-hammer,
force more swiftly.
,„ the click of the sewing machine, and other usual
If then we are anxious
.„ allow
„ „„^
not to
the late flnaodat-eriai in England to pi
by us without sounds of happy and profiuble industry are heard ng
'

J

'

—

—

THE CHRONICLR

122

LAngust

7, 1875,

more, or are heard only at intervals, as " short time" But he must now be about 60 years old, who was engagcompels joyless holidays ; and the lights of the fur- ed in business prior to 1837, and has personal recollection
It is safe to say that no one who
nace, the kiln, the forge, and other places where fire and of that eventful time.
steam are men's obedient and untiring servants, have gone was a merchant, banker, manufacturer or manager of any

Men and women who should find, in the care and
running of those wealth-earning works, the pay wherewith to get all needful things, sit wretchedly at home,
or roam idly, thinking bad thoughts, brooding over the
evil for which they see no cause.
out.

On

the other hand,

we

find capital also in large part

and its active part very poorly paid. Because it can
get no proper hire, wo see it even returning to its lenders
in Europe from the land where much more capital should
be brought and used, with great profit to itself, in develidle

oping the wealth that

lies

waiting in the mines, the

considerable business in 1837, can

now

be found

who

is

not a constant and decided advocate of a specie-redeema-

Few of them

remain in the active business
now heard in Congressional
debates.
The majority of the active managers of business to-day, have seen the inflating and delusive eflFects
of an irredeemable paper currency, but they have not
seen the expiation that always follows such false prosperity.
They have heard the advocates of specie payments ridiculed and denounced as croaking " theorists,"
but now they see in part the fruits of folly. History
All of these
carries good lessons to all who heed them.
extraordinary crises have their most important features
ble currency.

of this day, and fewer

still

are

and the shop. Currency is everwhere
abundant, every bank in the land being full of it. But
finding no profitable use in good and safe works it is in common, though the attending circumstances, precedagain going in aid of stock speculation, bringing young ing and consequent, vary widely in one, from those of
men from the habits of industry and economy to the every other, and the common characteristics differ
forest, the

field

chances of a corner in " Wabash" or " Pacific Mail

"—

of a palace or a prison.

These are the plain facts which make up the present
situation.
All have been expecting that each succeeding
six months would bring relief in the return of active and
profitable trade, but the good we desire evades us con-

What

stantly.

is

the cause

THE CRISES OP

?

1837

AND

1873.

(Communicated.)

Among

the

many thousands

mechanics,

manufacturers,

merchants

and

of

skilled

men

of-

laborers,

greatly in degree.

Let us recall briefly the leading events and incidents of
" the great crisis of 1837" as it was termed for many

years after. But first notice the prominent contrast
between that period and the present. Then, the aggregate valuation of the real and personal estate in the
United States and Territories was only about one eighth
its present amount; the population was about two-fifths
its present number; therefore the wealth per capita in
1873, when this crisis occurred, was three and one-fifth
times as much as it was in 1837. Then, the greater part
business^
of the whole number of commercial debtors eventually
farmers,
became bankrupt, though comparatively few of them
.

others,

who

carry on

immense productive industry of

many

forms, and

changes,

its

trade,

how manylhave had

or

direct

country in

this

the
its

banking

and

other

in their

own

experience

ex-

any practical knowledge of the necessity of a sound,
Kedeemable currency ?
According to the last census, of all the white men of
ages 21 to 69 years inclusive i. e., old enough to
vote, yet under three score and ten,
the proportion
of those of 21 to 34 years inclusive was 46 per cent;
of 35 to 54 years 41 per cent, and 55 to 69 years 13
per cent.

—

year of suspension;
merchants and
among
of
actual
insolvency
now, the cases
expected that result during the
other active business

first

men have been

number very few more need be added

few, and to their
unless the meas-

ures to restore business activity be too long delayed,

and

the shrinking of values and non-employment of labor and
capital be continued until both courage
shall

be exhausted.

and resources

Then, suspension of specie payments

was coincident with, and a

serious part of the crisis; this

payments was caused by the
war, was precautionary, deliberate, and not because the
banks were unable to redeem their issues. During the
The man who is now 34 years old was only 21 years war extraordinary conditions grew up which, being conold 13 years ago when the war caused the suspension of
tinued with increased force after the war ended, made
specie payments.
He knows so much of the uses and inevitable, sooner or later, a crisis such as we had, and hid
advantages of a redeemable currency, as he may have
from view (at least the popular view) the irresistible
learned in his youth, or by his reading, or by his good
progress to it. These are the great points of contrast or
sense and reason.
Nearly one half of all the men who
difference between the crisis of 1837 and that of 1873.
direct and performed all the varied business transactions
Following along the salient features of each period,
of this great country, have just that knowledge and no
especially those preceding the catastrophes, we shall
more of the reasons why our currency should be like that
see the points of resemblance, and the reasons why
of the commercial world " good as gold." The man
the experience in one case carries instruction for the
who is now 38 years old, was of 21 years when the susother.
pension of 1857 occurred, and may remember the cirPrior to 1833 the United States Bank had held a reBtraining
time, suspension of specie

—

cumstances of that sharp but short crisis, the resumption control over the other banks of issue in the whole country, preAn act of Congress to renew
all banks in the following spring (1858), and the three venting excessive issues of notes.

by

years of remarkable prosperity which intervened before
the war began in 1861. Men who are now 45 years old

and more, up to. 55, can remember more or less of the
and business history of the country during the

financial

period after the resumption in 1842 down to 1857^
years of State bank currency, generally well
secured and redeemed a specie paying period, marked
fifteen

—

by recovery from

the great prostration and distress that
followed the general suspension of 1837, and by great

increase in the wealth

and population of the country.

the charter of the Bank, passed by both houses in 1832, was vetoed
by President Jackson. In 1833, by order of the same President,
the public deposits were removed from the United States Bank to
certain State banks, thus inaugurating what was called the " Pet
Bank System," which some years later gave plnce to the " Inde-

pendent Treasury. " The charter of the United States Bank expired
March 3, 1836, and could not be renewed on account of the determined-resistance of the President. At the time of the veto in
1832 there was a majority la favor of the re-charter in Congress,
and probably a majority of the people favored it; but both
majorities had become ia accord -with the President before 1836.
Losing its national charter the Bank obtained a State charter and

Angnst

THE CHRONICLE.

7, lb75.]

became the TJ. S. Baiik of PennsrlrmnU, under the nuuuLgement
of lU former officers geneikllj, and, obt&lning by porchaoe the
•aaeta of the old bulk, etanjed to wield the power and perform
the functions of the old United States Bank, bj placing its
brancheii in all the principal cities and doing the same leading
•Dd controlling boalDess as of old. Bat it was no longer the
flaeal agent of the goTsnunent it no longer held the public funds
a basis for iu loans; it bad to paj off the goTernment for its
;

M

lock; it had lost iU special power and rapidly lost its prestige
and its old popularity as well as the confidence of the people; it
became deeply inroWed in liabilities and obligations; and in
its former command of business it
own and borrowed funds too large in amount

daapeiata efforts to recover

made

loans from

and too

little

its

secured for iU safety.

tarisUe of the times.

The

This, however,

deposit banks,

or

was charac

many

of them,

•agar to get profits upon use of the pnblie funds, rapidly and
widely extended their loans beyond tho bounds of prudenca.
The example became infectious, leading the policy of too many
other banks ererywhere; and, as if thst was not enough, new

banks by scores were chartsnd and started in operation in all the
States and Territories, a few of them with cash capital wholly or
in part paid up, but more of them based ob mortgages of real estate,
or worse, upon subscribers' notes uosecmred; and nearly all engaged
most indoatriously In forcing their sircniating notes into use
by loans and by ths spaenlations which such easily borrowed

money enooaraged. Thus tempted, all tlsssrs of persons wentmore or less, into debt Patient iadoatty for small and regular
gains was abandoned forspaealatlon. Prices adTaooed qniekly and
far, until our export trade was seriously redaesd, and the cost of
iTlng was doubled by the rise in priMS, was doubled again by
tha eztraraganea and luxurr thus engsadsfed, while these high
prices and this luxurioos living teipptsd to giaatly enlarged importations of foreign goods.
Beal eatita baeama the subject of
wild specolation and extraordinary rise in prices. All sorts of
laada in dty and country, from th» pins forests of Maine to the
UT»oak hammocks of the Qulf Coast, aad from the " water lots''
la Jersey City and Noddle's lalaml to tha cotton lands of Taaoo
and the prairies of Illinois, were «oldaad rsaold at ever advancing
" Money" was maaafactured daUy, itot only the notes of
prices.

sound banks, but the " Bfaadon Bank" Uad in the South and the
' Wild Cat" and " Bad Dog" in the West; yet rapidly aad reck,
laasly ss currency was issued, the want of mora increased as fast
by reason of the advaaeiag prices and the maltipliclty of trans,
This ssamad to ba prosperity. Everybody was getting
actloas
rich.
In the hyparbola of the day, the sehoolboy was diasatlsfied
who issed making his hondred dollam bafbre or aflar school
each day. Snddenly, when this seead^ prosperity was at its
hlghsst, early in 1837, there cam* a paaasi
It was the calm that
preeadas the hurricane. A few mootha later the wheels of busiasas ware stopped. The greater part of the debtors of the
whole CDBBtiy had failed, and the banks had all suspended specie
payBMBta, the weak aad tha strong alike. Everything was proatiate.
As moat nan held aaseu wUeh. a few months before,
were worth much more than they owed, thay did not at first see
that they were in truth bankrupt. Indaad the few men, here and
thaie, who did perceive what was, aad what was to come, and
boldly aad iaatantly mada the sacrifice of forced Mies of property
at whatever loss was ascsawry to clear thatr dabto, eaoaped the
long agony of stupor which followed, aadlbaa laid the foaadation of f tttore great fortaaaa.
But tha paepla as a whols expeetod

m

sa early raeovary.

pdag," and

The

press said " tiada will revive In the
It, bat la the spring and through
only a brief rally su r osaded by lower condition.

the people believed

Un theie waa

Trade did aot rarive; it feM off and maaafaetaring industry Ian(alahad yat mors. This ehaage from bad to worse continued
lata IHB.
la that year, by common ooaaeot, the banks rssamed
spsde paymeal. New England and New York bad far more
astoal wealth, aapedally la free capital, in proportion to their
ladebtadasas, than any other section «( the eoontry.
Pennayl-

wu

vaaia also had great wealth, but
«?w-bome by debt, Suie
eofpcnte and private, and worst of all, just then, by that fearfnl
laeabas. the Coiled States Bank of Pennsylvania.
In New

Eng and aad New Tork

llqukUtloo of debt, and conversion of
asseU into active capital, had ao far procasded that specie paymeats
ia thoss States, rianmed la 1839, could ba and were thereafter
l

123

Law of 1841 had completed
the liquidation so slowly moving in previous years.
In 1839, when the second suspension by the banks occurred, it
was in obedience to a public sentiment ao common as to have the

operation of the National Bankrupt

force of compulsion

and was expressed in State laws. It was
and believed that should the banks press the payment of
debts due them sufficiently to enable them to redeem their circulating notes, it would violently carUraet the eurreitcy by that
redemption; it would disable the banks to afford business facilities and accommodation to the people; and it would cause both
great depreciation in the property sold to pay the debts, and a
great fall in all prices. Whereas, if the banks should not be
required to redeem their issues, and the volume of currency
should not be reduced, prosperity, good prices, renew>«d industry,
good wages, good profits and active trade would soon return, and
then specie payments aould be resumed without injury to either
banks or people. Have we not heard the same arguments made,
in the last year (and are we not now constantly hearing them) in
favor of continued suspension of payments by the Treasury of
the United States and by the banks t
The experiment was then tried. The States enacted " Stay
laws" by the provisions of which creditors were prevented or
retarded in collecting debts due them. But waa the suffering that
ensued then wholly or chiefly that of the creditors? Not at all.
By a law higher than Sute legislatures or Congress can enact there
la a just penalty upon a people committing such a wrong.
The
debtors' property depreciated year by year until the debtors themselves abandoaad it and sought escape under the bankrupt law.
In many eases tha estates which In 1837 were worth several times
the debts for which they were liable, had so depreciated that in
1841 they would not command the 30 or S-5 cents on the dollar for
which the notea of the banks, holding the judgments against the
property, could have been bought up and the debts discharged.
The prices of products of American industry, except as temporarily affected by short supply, gradually declined.
The gmX
amount ot loans doe to the banks was never paid, yet those who
owed them became poorer year by year.
The unredeemed
drenlation of the banks which was to carry the people back to
prosperity if not contracted by enforced redemption, was In great
part wholly lost, and the currency contracted to the entire amount
so lost.
Yet it was only when it had disappeared and a sound
currency of small volume had taken Its place, that the long de
layed and much desired bleasings oi prosperity returned.
During this period high wag(« ceared; the ranks of labor for
Ufa lost much of their former employment, yet were swelled by
thoasands from former idlers and middlemen ai^ speculators
driven by poverty to labor for subsistence; and many ahops and
factories being dosed wholly or in part, the great body of those
so deprived of occupation or employment sooght a living by
a^callaia. Thus the products of the farm were cheapened to
an extreoie opposite to the high prices which In tho "flush times"
prior to 1837 had so prevailed, that importations of flour were
made from England to this grain growing country. Low wages
or none at all and the suspension of much of the manufacturing
IndoMry, enforced reduced consumption, privation and suffering
amo^ tha poorer risssns and a severe economy by all. Capital
ceased to lad safe and profitable use, and it became cheap also.
These remarks upon the conditions In the year 1830 to 1843
said

apply to the country generally, but only In small i)sgree to the
States that resumed specie payments In 1830 and maintained
them, and In that degree chiefly because of their connection with
and dependence upon the rest of the country. Their improve-

and was eoBtinaons, but did not become rapid
the other States, having the solid basis of
psAsKTWork from, began to shara that Improvement, and then
wealth accumulated rapidly. I have said there is a law higher

ment began

in 18SB

aatil after 1848

when

than any that Stales or Congress can enact.

It Is

not perceived

storm comes which Its violation has provoked. You
then see It in the gradual loss of confidence discoverable in the inuntil the

creasing timidity of capital and coincident depreciation of values.
Disasters and loss of employment enforce a smaller consumption

upon the poor, but some unconscious Inner thonght or Instinct prompts the people of comfortable
income to a reduced ezpeadlture. The great crash and panic go
by, but a sense of evil yet to come remains, that not all the cheerful but delusive assurances of an early return of better times can
of even the necessaries of life

alatalned down to the crisis of 1h.'>7. But m all the rest of ths
•oaatry South aad West of New V.rk, the banks with very few dispel. That fear, or instinct, or whatever it may be that bears
sMaptloaa, aflar a short aad faeble effort to redeem their notes, upon men, has its ample cause. The wrong remains, and until it
fUa napanded, aad so raaaalaed until the meat of them were be displaced by right, well may the people fear what is In the
doasd ap in bankraptey, aad even of thoae that eventually future. It was so In the period which has been described, and it
raaoraiad many renalaad.oadar saspeaatoB uatU
when the iawMW, though perhaps only at its beginning.
)jgf^

ME

124

CmtONICLE.

making tbe comparison between

that period and the
mention an incident of the former which carries
a practical snggestion. The business in all the Southern cities,
except New Orleans, and there in part, was carried on by the use
of the depreciated bank notes and " change bills," or "shinplasters" redeemable in tlioso notes. Tlie depreciation became worse
each succeeding year. Goods were generally sold upon four or
six months' credit, and notes gtven payable in Northern cities in
specie funds, or if at the South, with current rate of exchange on
New York. A Southern wholesale merchant bought hia goods in
New York and Boston in the Fall, when New York funds at his
home were worth say 34 per cent premium, and sold the goods during the Winter. When his note became due in the Spring the rate
of exchange had advanced to 80 or 32 per cent. In this advance
a great part of his profit was gone. This loss was too severe to
be endured and growing worse every year. The merchants in
one of those cities determined to stop it by adopting for their
No currency was
city a specie basis, if that were possible.
visible other than the irredeemable notes of their own and the
adjacent States no specie except that in the custom-house. An
earnest discussion was had. The opponents of the proposed
change argued plausibly that it would drive trade away to other

Before

present one,

I

will

—

markets, or that the absence of specie currency would render it
impracticable; that if specie should be brought there to begin
These
with, it would quickly be gathered up and sent North.

were met by some who had studied the works of Adim Smith,
Bicardo and other writers on political economy. The arguments
of the latter carried the majority, and decision was made to try
the experiment in this manner not to refuse the depreciated
notes, but to put specie prices on all their goods, and take the

7, 187ft.

Thus by the brief period of stagnation preceding active war, and by
the natural effect of the currency laws, private debt for ordinary
business was virtually abolished. The enormous cost of the
war was paid by loans from the people In continuous succession.
The money once borrowed was disbursed, again borrowed and

again disbursed, and this round repeated to the end of the war.
Then a war debt remained of about |3,000,000,000. It will be
evident to some thoughtful men that a volume of currency which

was

and much
agency in the seceding States,
when all, in its multiplied forms, was in the highest activity
before the war, and was in such excess of the use for it when the
war had begun, would have been amply sufficient for the conduct
of all the business during the war, including the extraordinary
transactions of the government in its prosecution, if the currency
could have been protected from depreciation. This ia made clear
when we remember that even the capital borrowed by the government was returning to its lenders as fast as borrowed, and that
in 18G0-1, specie flowed freely to this country for the balances
due us from abroad, after we had paid all our debts due abroad
and had paid for all the securities which the approach of our war
had caused foreign holders to send home for sale. The further
fact should be noted that though we were producing gold at a
rapid rate yearly, our exports of gold did not become large in
amount until by the depreciation of our currency, and consequent
Inflation of prices, excessive importations of foreign goods were
Invited and further that our stock of gold which we held in
1860-1 did not leave the country until time enough had elapsed
after the close of the war to show that there was no purpose of
early return to specie payments.
But, whether possible or not to have carried through the war
without any serious inflation of the currency, and the consequent
and inevitable depreciation, the experiment was not tried. The
leagal tender currency was created, followed, near the close of
the war, by the national bank currency. The legal tender notes,
sufficient for all the business of the loyal States,

business which had been done by

its

—

—

notes at their current rate of discount. What was the result ?
Before the second month had expired there was an ample supply
of gold, of silver change, and of redeemable bank notes for all the
trade of the city, and that trade was materially increased by the
report,

[August

which quickly spread through the surrounding country,

the 7 '30 notes, and the compound interest notes (all legal tenders)
Moreover, the notes of suspended were issued as the increasing exigencies of the war and the
market in that vicinity.
banks wholly disappeared. The merchants had given a proper strain upon the government credit demanded them, and the war
/alue to gold and it came to them, as air rushes to fill a vacuum, was carried through successfully, in spite of them, or by means of
and they had demonetized the bank notes, which then went them, as men may severally think. At the end of the war there was
where they would still find value as "money." That city lost no very little of private or commercial debt. The great national debt
was held by the banks and by the people. The effect of success
more of the depreciation which afterwards came on the notes.
What worked so well in that case, in a small and isolated city, was to cause a rapid advance in our national securities in the estiwould work equally well on any other scale, however large, even mation of foreign capitalists, and at the advanced but still low
Give gold its true value here, treat it as values, compared with present prices, they were transferred to
for our whole country.
money, and then it would come iu exchange for our commodities Europe in large amounts. The loanable capital of the national
But you cannot. Why ? Because a statute banks, thus set free, was at once invested in private loans and
in ample supply.
law forbids the operation of the law of political economy. Be- discounts, and that line, which, in 1865 was so small, went on
cause the Act of Congress says that printed pieces of paper shall increasing year after year until 1873, when its further expansion
be your lawful money, and gold will not associate on terms of was stopped by the great panic. (In December, 1865, only
equality with anything so much beneath itself as ia an irredeem- $498,843,447, it rose to $940,233,304 in September, 1873.) Private
able piece of paper, though bearing the seal of sovereignty of all debts increased even faster outside the national banks, in every
the powers of the earth. If Congress will make those pieces of variety of form and among all classes of people for purpoaea of
paper redeemable promises, then gold will recognize in them its speculation.
equal, and for convenience its superior.
By the rise of prices and greater margins of profits in all
of the cheaper prices there than could be found in any other

lis now take a similar brief look at this crms.
branches of business during the war, great prosperity or what
The leading events and circumstances of the last twelve years seemed to be such, prevailed everywhere in the loyal States.
are known to all of us, yet it is necessary to recall them, somewhat Great fortunes had been made, and all but a few unfortunate

Let

annuitants whose income did not rise with the cost of living,
had seemed to gain in wealth. If in 18G5 an account had been
taken of the enormous waste of material wealth not counting
that of human life, by the war and a true balance had been
struck between the wealth added and that lost or destroyed since
1861, valued according to the scale of 1861, and all had been
marked down to the values of that year, on which side, loss or
gain, would the balance have stood 1 No such computation was
made. It was taken for granted that the apparent gain was real,
and to some extent it was undoubtedly a gain iu the possessions
of the people, if the public-debt then held by the people could
properly be called tho people's wealth. They had loaned it to the
If then it had
nation, yet what the nation owed, the people owed.
been wiped out, swept away with one stroke of a pen, the people,
as a nation, would have been neither richer nor poorer, save in
the effects of doing such a wrong. That debt, constituting tlie
wealth of individuals, but not wealth to the nation, was in

in their order of occurence or sequence. During the war private
debt, except for long time and upon mortgage security, was in
great part liquidated, and the cash system took the place in trade
of the previous credit system.

The occurrence of war

—

itself sus-

pended much business and many industries for a time, releasing
a large amount of free capital from its previous uses, and making
money plenty and cheap for lack of employment. It also destroyed the employment of many laborers. This would have
been a condition of stagnation, such as existed after the crisis iu
1837, and such as now exists in a small degree, had not the war
another and Immediate effect. It called into the army and navy
a great number of the unemployed men, or other men whose
places as workers had to be filled, and it called for loans to the
public treasury of all the idle money. This money, as fast as
received, was again disbursed among the people for expenses of
the war.

It soon called into activity a great variety and amount
of industrial labor for war purposes. As'Soon as the magnitude
and .probable duration of the war came to be recognized, and the
demand that would be made upon the financial strength and

resources of the government; and especially when Congress
it necessary to make a forced loan of the people by
the
issue of legal tender notea, every responsible debtor preferred

the nature of a mortgage upon the aggregate property of the
whole people, and as auch must be paid. Its transfer to European capitalists since that date, whether for railroad iron or silks,

deemed

cash payment to holding the graduaUy depreciating currency.

—

.

'

whether for reproductive power or luxuries that have perished,
its status.
No clear and true view of the situation to-day can be taken that does not first examine the true
does not change

Auguat

7,

THE CmiONICLE.

1875.]

itution aa it waa at the end of war, when we started upon the
wonderful career which ended in 1873; and unless we remember
that a great part of the apparent gain during the war was only
We had " marked up our stock of goods"
in the higher prioeo.
without materially Inereaaing their quantity. In one respect,
howerer, a great gain had been made. The yar had quickened
lato fullest life and aetivitj all our productive forces, and thrown
new energy into erery department of baaineas, under the spur of

for

many

125

years and (or the right sort of securities could be hired
It was then hopefully said, business will

at borrowers' rates.

resume

its usual course in the spring.
But iu the spring it was
found that the shops, (umaoes, (actories and other industrial works
which had been stopped by the panic did not start up again; that
many more had been added to the large list o( unemployed labor
era, and then it was said, everything will revive again in the (all.
The fall came, but with it no revival, on the contrary, more sua.
patriotism and under the stimulua of great profits. It was an pended works, more (ailed merchants, greatly reduced profits, or
abnormal condition and dangerous, yet pleasing to the people, none at all, more idle who would bo workers, and more hungry
who despised words of warning as the croakings of timid or who would not lack bread if they could get work. Then again,
obstractire men, and preferred the delnsiTe assurance that all the spring was looked forward to with hope and expectation, but
was going safely and prosperously by the use of " the beat cur. now it has also passed, leaving us with hope unrealized, siill
rency the world erer saw." WLen the war ended not one of the looking into the future. In many departments o( trade the dulstatenMa, and few of the politicians of the country, openly took nesa o( movement is almost stagnation. Yet there is no lack of
graand against the promised and expeatad return to specie pay- either capital or currency. Capital is seeking hire at very low
BMDts as soon as the demand debt of the Treasury could be rates in all utf* places, while the banks are burthened with
The few politicians who dared hint at repudiation in currency.
retired.
What is the meaning of thai* strange and seemingly inoonsist
any form were rebnksd by the popular Tolee. All can now see
that the time to restore a soand eoirency was when the war ent conditions, which wera ncpeeted by but few men and by the
dosed, when the people expected it, when the banks expected It Biost of members of Congress even last winter would have been
and held their specie raserres (or it, aid wheo there was no great deemed impossible? It is said that production meaning the
" debtor interest" to sailer by it. Tkat opportunity was lost prodncUon of the iron and ooal minea, the forest, the factories,
beeaoae Oongivas did Bot Neogniie it and knew not the conse- fouadries and workshops has beooma excessive, and is now
qoeaea of lodng it BsMaa the kgal tender notes, a large beyond the demand for consumptioa. Yet production in nearly
MDOOBt of 7*80 and eompomd Intersil notes had to be paid off or all depsrtmenta of mechanioal industry is reduced, and is much
t«adsd. WUl* that was la progress H beeaoM popnlar, in and less now than it was two yean ago when there was no excess
out of CoagreM, to diaoowse of the bsasfiu of the Irredswn s M s apparent. Rx ossa arises than ooly from redueed consumption,
eoReaoy which "eoold sot be drained away by esport," and oi aot at all from laerease of produetioo. The inquiry suggested is,
Ik* "aapaiallaled prosperity" which It promolsd, IVa policy of what haa ao suddenly aad ao severely reduced the consuming
eoottaetlng the rolome of " greenbacks," inaagnnUad under Mr. ability of our ppople? The paoie stopped work on many large underHeCulloch's a<lmtni«tratlon of tb>' Treasury, became odious, and takings, flrat on long lines of railroads in construction or reoonwhen contraction had beett Indjicrnetly poshed In the fall of 1867 stmction, then on the rolling mills, machin* shops, foundries and
lasMdlately IbUowing tha withdrawal of soMB 300 atiUions of other works, and then and suoeasively since, other industries, the
other Treasury ttoAea, Onogress, on Fsbroary 7, 1806. forbade its Ul*r ones causad by the eiirlier through loss of their employThe stopping of work on railroad building
proeesdisg fuithar. la March, HU9, on the a wi sssin n of a a«w OMat or <i—Itwii
dmiiiistratUia, Coagiaai raaewed tha ^Miga of aarUast praetlc*- dlsrharg*d ataoy thooaand laborers, and each aucceeding suspenble retnra to sp ssU eoreaey, aad Iha Praaidaat approTsd sion has added to th* great army of the unemployed. These
It.
Tet from that day in 1808, «Im« C uiigiass forbad* thnnsaails wen forced to reduce expenditure in every way possiaay ttaikvt eoatraetkon of the M(tf taadvs, dowa to th* bl* and so their enforced eeonomy cut down the employment of
praaaal yaar, OM^naa has Uken aot oa* step towarda th* 7*1 othar tbwwnds, and the reduetion Is yet progressing. Abun
fuinaiaat of th* pobU* pledge, b«t, oa Ik* eoalrary, It ha* daat harraalB throughout the world have given cheap bread, yet
rated down or burisd la eoounittev erary propoai tloa to that end aatay thousand families will ba naarer to hunger than for many
who (otaaaw ik* eoatf ag arlL No years, for lack of employoiaat, aad the circle of enforced idleneasad* by the law «araaai
oibair pewar bat Omgrsas could act la O* laatiar, aad Coagrsas diaaliility and poverty, wldaaa daily.
From the works yet run>
refoaiag it. the eouotry was left \n drift lata the stona. Whoa alag w* hear too often that pniflts diminish ffiom month to
Tbu hope of " better times
la 1808 tiM probability that the iriadasaubia earrsaey syaUas month, or have wholly diaappsared.
waald ba eoaliaasd iadeaaitely or uatU latOTruptad by dIaMt ar, sooa" so cheerfully held by all a year ago, and by fewer, yet
bacaat* esrtalaty, tli* apoealatire and oyaaalw fotcaa wU«h bad maay, six months ago, is gradually fading away as the "hope
growa np durtag tli* war, and hai aiae* aoqulrod gi iials i dafanad." Capital Is ever timid, always asaking security first
simigth, foaadaaawiatpalseand wi««aaIo*garh*ld la ebse b by aad ptoSt as U* second point, except where loag immunity from
that dreaded word, eoatnetioa.
Old Saaa of laToalaaal was* ioas, aad tha habit of getting sxeaasive latarest, aa during the
posbad further and a*w tmm enatad, ebMy In th* eoaatraetlM Sva yaara prior to tha atidsuaunar of 1873, had made caution to b*
aad poicbasa of railroads, aad dealiaga la their stocks aad boads. forgoltaa; but now heeding theoM maxim that " aacnrity falls aa

—

—

mm

Th* fire* or loaaabi* capital of ih« eoaatry booHD* locked up^ Intarsat rises," It is thoroi|ghly scaiad by tha panic and it*
No temptation of excesAm bstbi* ilalad prtvat* aad corporate debt ln«i«a*ed to a raat revelations, and seeks safely.
aaoaal. Th* seal* of prtsss, eapaelal^ of arerythlng raqulrad sIt* iaiarest can soon again lura it Into great risks.
tot ordlaaiy aabaialaaa* aad eoaaumpltaa of tb* people, was in The extrwn* of over-prudence now prevails, and the seven
UsaTsn^s Awabov*tlMl0T*I lndi«lii bf th* gold ptanloa, par cent of th* young manufacturer or machinist who nasda
aad tb«eaatof oar aaaalMMtres sohlgitato forbU thair ax- IH.OOO to add to th* $60,000 which he owns, for the complotiaa
poHabiaad. BpsaalsHaa aad spsnnlltaiflasa ralad th* day.
Thaoarraaey. twto*
laig* la
aiO
aeaM bs aal»ly asad la
a pradaal aad prnfilabia ssMduet of aH Ik* laal haslasss of th*
eaaatrjr, baoao* aaara* aad aMch of k had ilsaypund. ao ad*
kaaw whatai la Ik* mmm»t of t»78 ikM* oaoM a paMa sgala
th* ealai bafor* tk* barrloBa*. M<<a of Ufys eapiial aad aMa of
SBiali was as, a* wall as omu poasearfag oaly credit, lonnd tkey
had orar-iaTsstad. As from a eoaiaMa isillag th*y triad to sell,
bat othsra woald aot bay. Oartaia gHM haatlai haatss la New
Torik that had basa awrylag gigaati* nUiaad aad othar sshiawi.
with iMNMy bdoaglag to their dapofllHi, batflg sailed tor daparfto
aad uaabla to pay beoaaaa th*y eonU Ml saavait thalr saeatMa*.
wero obliged to laU. Th* alarm bad asaa, aad la a faw w*aha

m

whadi al hadniai wsro slopped. Ik* baaka being alnwdy
aader aaspaaaloa of paymaat It was sapyasid they could go no
'artksr dowa; but th*y wero unabl* to pay depoaitors erea in
iaptaelalad sorraaay, aad laiprorlsed a a*w method of p«ym«at by
the

(X«arlag-hoa*s estUBeataa. Paralyiiishadoome. Yet th I* was only
aetmaaey p«aieaadltaooapaas»lby. laafewmonths busln«as
was pwsniag iu usual soars*, btit at lowar prieea and with great
aad loaaabla oafMal had b«eoaa more abnadaBl

of hla works, la rofnsad, whila th* thrs* psr cent of the borrower
On the other hand, the
Is glsdly accepiad.

on gOTorunsat bonds

young machinist who has tha $00,000, having looked over the
bitlt^Mj^daad its prospects, has concluded that to make debt
to enlarg* his works now would endanger the loss of what he has
and he daeidsa not to borrow if he could. Look over the price
of railroad and other corporation bonds and see how many
that aro regularly paying seven or eight per cent yearly, and have
never defaulted, are offered ^or sale at 65 to 7S per cent, equal
list

an Investment of ten to twelve per cent yearly, while the market
on the preferred aeourities is one and a half to two
per canL
Otnfldaaea has been terribly shaken. The feeling of today in
,asp0Ct of th* present and the future is in violent sontrast with
tb* faeling eighteen montlis ago. The change in feeling is far
graatar »'«»" even the change in apparent facts, great as that is.
Than must be some sufficient cause for all this, and tAat eauu if
Until
tJi» deprMtaUd and iirtd&emiM* eharaeter of our etitrtney.
that canae be lemoved and a sound true money currency be put In
It* plaee, or a law be enacted the sure effect of which will be to
to

rate (or loans

•CUN that rsault,

there can be no restoration of confidence, that

.
,

THE CHRONICLR

126

most essential element of business prosperity, nor any permanently
sustained improvement.

A

perception of this great truth

is

tak-

hold of men's minds everywhere, however unconscious they
be of the fact. And if we cannot advance out of this stagnating and profitless condition we must retrograde still further.
The charm of delusion is broken. Falsehood, not wilful or illdesigned, as some are too ready to charge, but the outgrowth of
successive errors and peculiar circumstances, has lost its power,

[August

was quoted

at 1^(33 per cent

failure,

may

cent on prime commercial paper.

;

through great suffering yet to be endured.
Those who called for more currency, when they saw the destructive rates of interest obtained for the loan of money, must have dis.
covered during the last few months that it was the excessive and

bad use of the loanable capital of the country which made money
so scarce and dear, and so inaccessible to those needing it for
They must now see that to have added
legitimate business.
more currency was to add more propelling force in that vicious
direction without affording any relief to the productive and commercial interests. For now, with less currency than existed before

was

new Fives freely abroad. This will leave |48,537,550 of the
new Fives yet unsold, which the Syndicate have the option to subscribe for till November 15, 1875.
selling

OLOSraO PRIOBI or eOVEBHKIHT SECtTRITIZS IH jm.T, 1876.

cases prices are quite below their proper

value in specie, tested by the price of similar articles elsewhere.
There then would be an adjustment of all prices to specie value,
and almost inevitably we should see a specie inflation from overspeculation, as occurred in England after their resumption in
1821, when their inflation culminated in the great commercial and
financial crisis of 1835.

No

one can fail to observe certain features common to the crisis
Excessive speculation and high prices
of 1837 and that of 1873.
prevailed under excessive issues of currency although in 1837
it was nominally redeemable (but redemption not required, except
under the Suffolk Bank system in New England), and irredeem
able in 1873; these high prices encouraged excessive imports,
especially of luxuries, and restricted the exports of our manufacturers; and capital in too large amount took fixed forms, even
while the amount of debt was fearfully expanded. Such conditions in both cases preceded the crisis or panic.
Following it

.

new.

m

1

Jgju

121

mn

118X121

1S2X
....

iso>tf

„

118K

122)<

isu

inx
..„

8
....

n»>i

my,

9
10

Holiday...

123
.... 123
i2o>(
.. . 12iJi

120><

ma
ma
I21X
122

lisji 12ij^ 120ii

ma

nsH

123

11
12
13
14
15

iw^i

118X

118«

....

118>i laoji

ma

118>tf 121

122

ri7ji

120

ma

117K

-.

117
120X
20
116X ....
21.. .. 115
22....
.... 119

114K
114%

24
25

...

.

121X

12U
120

..

31

Open'g

nsa

121
High'Bt :i8Ji 121

Lowest 114X

119
120

ma

ii9ji
....

116

....

119

8

ma

118X

120>i
ii8>i 1195i
119Ji

ma ma 119X

117H
mx
..8
....

120

....

116J4

naa

....

ma
ma

ma
ma
m% 115X nsa ma i^a i^a ma
123
USa m)i

Closing :16
0LO3IXS PRICKS OF CONSOLS

AND

122>^

....

lasx
....

....

....

123

ma ma ma
ma
ma ... 122
....
....

122X
llbX 122

ma

i'^Vi ii9i<
120)^ 122K 121>^ 117J4 119X 123
117J< 117)f llBJi 119X 116>i 116X 122
120
118)i 120K 120
116X 116X 122
n. 8. BEOnBITIES AT LONDON IK JOLT.

Consols U.
Date.

ma

118K

117>i

....

118>f 120
119X ...
119
....
!19
117
.... 118)^
....
....
120Ji 180
....
....

ISO

116>i
120
115?i 116
120Ji 116)i 116

ni%

llSTi

....

121

...

119X

ma
m% ma
ma ma ma
ma
120X in>i
inji
.

...

.

....

ma

...

J17
lao
...
116J<
116]4 120
116
120

ma

120

i:7x
i!6x

118

....

118
27
28
29...
30

ma
ma

in«

.

16
17
18
19

ina

laiX 121
117K
ViOa 120X 117
r.9X 1I9X 120)i 120X ....
.,
H9)i i2oji
180
119
120H 120Y ....

..

115X

!

....
....

121X
.8

—

came

Coapon bonds.

.

Ss '81 f and. 6s'81 68'81 5-208 6-208 S-20B 6-208 6-208 5-208 10-40e 10-40a 6b
July
coap. reg. coup. 1862. 1864. 1865. 1865. 1887. 1868. reg. coup. cur.

mn
\Ky,

many

about 5| per

tant event of the month was the calling in by the Secretary of
the Treasury of the whole balance of the Five Twenties of 1862,
in pursuance of his arrangements with the Syndicate, who are

5...

in

at 3J to 5 per

The most impor-

so large as to unsettle the market.

8..
7..

though

and

tional decline in prices, the ultimate fall in gold of

cent,

ply of currency everywhere, while crops, in their aggregate
nearly as large as were ever produced, are moving to market.

falling,

call,

Government bonds were unsettled by the large decline in gold,
and although tlie active demand for bonds followed the first frac-

nsji

Now values are

on

lower.

a
3
4

petition of capital to secure the best investments.

1875

The Bank of England rate was successively reduced to 3
per cent and 2i per cent, with money in the open market much

the panic in the channels of business, after allowing for the
actual reserves then and now, and very large amounts of that
lying idle in banks and other depositories, there is an ample sup-

They, or some of them, have yet to learn that the best and quickest road to a renewed prosperity, to a restoration of all our
industries to their highest activity, is by improvement of the
Let that be done, or the law be enacted iind visibly
currency.
operative, that shall secure it to be done, and then they will see
confidence displacing distrust, and bright hope driving away
despondency. Now capital lies idle in many places waiting for
lower values at which to invest. There then would be active com-

7,

Money was excessively easy throughout, and with the exception
of a temporary advance to 4<a5 per cent on the above mentioned

injf

and on this great question inexorable truth and righteousness will
eventually rule. It may be soon, and if so, well but it may be

:

!

5-20,110-40
1867.

for

Date.

money.

Thursday

106X'106XI104J< Tuesday.

Friday....
Saturday..

lObJi :06Ji|ln4J[(

S.

5-20,

5-20,

1(M0

*65o. 1867.

20 94 9-18 107
107Xl)04X
Wedne8d'y21 94 7-16 107X 107X 106X
Thursday ..22 94%
lona 107X 105X
Friday
23 94 7-16 107% 108
105X
1063i,104X Saturday. ..24 94 7-16 107X 108X
.

.

io6a\ma\ma

Sunday...
Monday..

Tuesday
Wedaesd'
Thursday

106JfilO4X
'I06X 104^1
llOtiJi 104X1
106J4il04X
106X,104)<I

.,

Friday....

Sunday.... 26

ma

Monday

26 94 7-16 107X 108X 105X
Tuesday... 27 94 9-16 I07ii;l'-08X'105X
Wedne8d'y28 94 9-16 107J<:i08X'105X
Thursday ..29i 94 11-16] 107X 108X 06X
Friday
30 94 11-16;
106X
Saturday.. .31 94 11-16 107Ji|108X 106%

the general arrest of business movement, a brief Saturday
and afterward spasmodic and irregular periods of Sunday...
Monday...
lOBJi loix
improvement, each in turn giving way to greater depression. So Tuesday..
106 J< 1104X1
Wednesd'
m%wia\ Opening
193 ll-16'l06x!lO<iX 104X
far we have gone in this period. In the earlier one, that down- Thursday
94 11-16 107XUf8X 106%
107>i 104X1 Highest
107
93 11-16 106Xil06X 104X
ward progression continued until 1842. We have yet to see how Friday...
IHa Lowest
Saturday.
107
|94 ll-16il07Ji lOSX 106X
104X Closing
far it will continue this time.
The same great principles apply Sunday..
High. rsince|94 11-16 108), 109X
1-16 |106i<|l07X|104X Low, f Jan.li9i%
|l05xll06X 108X
in both periods, and it is vain to argue or to hope that any dif- Monday.
Dealings in securities, other than governments, were on a fair
ference of circumstances can now defeat the operation of the law
which was inexorable then. There is no sufiicient reason why scale, and prices were generally firm, and ih case of some of the
the ebbing tide should not be turned within a year for a steady popular railroad bonds, made a considerable advance.
The stock market was not particularly active, but the general
flow of prosperity. Besides the great wealth in fixed forms, too
rapidly fixed in the last few years, t'Mre is an ample supply of tone was firm and the closing prices showed a material advance
free or loanable capital to put in active motion all the industrial over the opening on many of the prominent speculative stocks.
The leading influence was the report of increased earnings on the
forces of our whole people.
It awaits only those conditions
which shall inspire its owners with confidence, and the first and grain carrying roads of the west, which, together with the good
indispensable one is such action by Congress as shall ensure a crop prospects and the rise in wheat, had the effect of giving
strength to the stocks of those roads, and by sympathy to the
sound currency at an early day.
B. F. NOURSE.
whole market. Western Union Telegraph was strong, having
negotiated all its new loan readily at 95, and also towards the
FINANCIAL REVIEW OP JULY.
close of the month on rumors of negotiations ^ for leasing the
There was little to disturb the quiet current of events until the Atlantic & Pacific Telegraph lines.
The following table will show the opening, highest, lowest and
failure of Messrs. Duncan, Sherman & Co. on Tuesday, the 27tb.
The latter event was altogether unexpected, and created for a few closing prices of railway and miscellaneous stocks at the New
moments a feeling of panic at the Stock Exchange, which was York Stock Exchange during the months of June and July
followed, however, by a quick recovery in tone and prices. The
BANOi: OP STOOEB DJ JTTNE AND JULT.
embarrassments of this prominent house were attributed to their
-Jnne.-Jnly.Stocks. Open. Hieh. |Low. Clos. Open. High. Low. Clos.
advances to unfortunate railroads, which had been the cause of Rallroad
Albany & Susquehanna 103
103
108
101
101
103
101
101
16
14% 16
15
accumulating losses for several years past, and also to recent Atlantic & Pacific pref.. 15
16Jf
Wi 13X
Central of New Jersey. lOSX 113% 107
lllX 109
110%
113X 111
speculations in cotton, in which the house was largely involved Chicago* Alton
101% 102X 103
105
104%
102X 1«3
10-2«i
scrip... 100
do
100
100
lOO
and is reported to have lost heavily.
do
pref.... 106
106
107
108
107
10»
107^ 109
first

paralysis,

ma

.

.

-

JAnguBt

Jttn«.

cucHo. mh- * sTMi

n

do pnf.

«5
IB

ANorthweafa

0I««^

ta%

aex
*IX

9ij<

»

ICIW

ISV

(IX

S7^

4)(
117
Slooz at;.. (I

ItlJK
tl

Int.

KsMM Paetts
IS
uk*ak&aiikk.8ouB «
a * Cla., IM prf 10
II«wJ<n«7

SB
ID

inx

180

Boatbwa...

M.T.Cm.*a.B

do K.Hana * Bart.

fix

U

lOOX

l«e

14*

SIX
Six

*»
190

ntia..r.w.*cbLrur srx wo
B«B«nU*r«8afSta«a.. lU
IM
Pt L>, AKoaA T. H. pf.
BL I..lroa ML* Boatii. ISX
8LLoala.K«B.a*I«.. SX

UIX
SX
U>
HHf

MX

!3X

t(

IS

IS

US

isi

US

M

M>X

SIX

ssx

srr*

B

S

8

ISSX

Mtix

SO

Sa.

asx

6a,10-«ra

130
3
I0«

>tt

14«

Ml

lUX

tx

S4X
six

Mi

ISX

»ix

wx «x
V.

18

18
IB

U

W

Wtma
BHa#aHBM— BBi

MO

PacttcMaB

SB

7»X

Pnadad Loaa,

../.

18

U

ISO

SSX
TIX
OaModdadoa Goal
4Sx
MarfaglloalalaOMl.. B4^

llVMtAX.,a*rt|iald
(talekjilw

IS

M
SI

»*IU,rttonxfnm...

88

SB

TSjJ

lOIX

lOIX

lOlX

MIX

%

Tk«i

8S

M

1>

ISO

S

«

SSX
Sjs

SB
SS

«S
SS

SB

»

U

M

ad also |SiBOO

SdX

ST
44
St

43

TSX

n

„

laaitjiilT

—r.

14,70

tB,OM.

coapon

(6)

aad

t76t.l3l,150

I

Xarr paaalaa. Act July

4a,

Oacdfa or

SI, '48, Int.

appl'd odIt to pena'

„

money

»;4.878,000l t48.300

%,

iftMaiiar.... 81

ins

ll'V

iBtaraaS Baa C a aae* ataea Halartsr.
a total amoaot of oreMoe debt yet ootatandlnc. which haa nerer
1^
$ia«»,SM principal aad t*rlJUI tatenst. Of
1 •S.sajM la oa the '• caUed" STe-tweallaa of Sis.

j^^^^^ ^

»a > 3 B«BiiBc BO iBSaraat .
ChaiBctaror laaae.

Aathodxlag Acta.

Joly
Oardfh. far gaid d^podiad Mar.

V

.

Mmu\i»K

Mar.

8, 1388

A Jano

SO, 1884

41,146,386

Cln fSO. BOl 100. 300, l.OOil, 5,000)

SS,71M00
B0S,98^478

Intaraat.

pSSBlBMOB.
_Aaoaat
Interest.

la

CM»—
818,888.780

Monr—

•1.7D8,4auaO
liooo^aoo

Totrt dabs Baart^lalaaail la Iwrtal

Dasr OB want farr.
DBBt 8BV»a
i

oaAaas asaa MAnrarrr.

ISM. ...iIKrH
'.«»....

lt»X>l!4N

Tkanda?

15

MS

tl»<

liuH ir
iisx tir,

,

my n>\
mx
Ilty ins IXI^

Ittn

1T7W Illy 1'"%

Iwx

i,

ItAX

s

MO

BaMlhy

.

I

:

lau.

'

l«l

itM

I48B._^

Fr

'-.

toreign rieiiaoge wa«

BMtb, and

.

Brm dur;a«

t.

ail

10*

.

nt^

^4,tra,B0D
41.14B,3B3

dspa^a i

Bt,nMoo
S8JW4

:

lV><t

!««« 144

-

Si

14*

tA

>S

Mb5

ISOX lis

!» IMX'lllX mx
tba rarly

pan

TWal dafes priarfcal aad Intereat,
atadK^ipayaeat
A iia i IB vaa TaaaacBT—

3U

urn

~
'•

••

-

~
"

~

I.
4.8J
3. 4 ST
3. «.f>

•4.3«X4.S0

.

48,848,100

4413,968

IMal

$l37,M8,Vra

Debt. leaaaiBoioi ia the trwiiary, AjJtlsi'Y.'iBn'"^
Debl,laaaaaH>aat latbaTreaaory.ftlp I, tsa.

Pi t iwai or debt dartaa tba

of the

I

•'
••

LSOX

I

T,

••

S8..4 3SXI

S8..4.»x

i:£2l

•&•*:"*

8.

-.sr9<

~

I

~

MauOttrsadndfle

Aaooat

I

Intaraat

paldbr

repaid by
Oatatand'r United IM's u'nap't'n

m

/J38JS

uauto
trssm

'

$114IB>,3S1 (1.1BI,SIIT
1,483,701
S,l08,«a8
11JN.834 8,554.836
89,431
181.808
9,887
718,880
883.708
10,141

Balance of
Int. Dald
by U. 8.
$9,861,030
1.810,190
8,889,468
748,888
713,018

Sn,881

184,883,813 >38,308,807 >«314.1S>> >SI,S88.64r

—The Pullman Palace Car Compaajr^lTea notice, in our to day's

U.

«

••V.

lalaraat
laaae.

Isana, tbat thsy will |iaj

M

- M,
"

1,304.881

a

a8..4

11.

" »,
" u
•

}I,8ei.88T

The Fadfle Manroad boada are aD lamed nndn the acta of Joly 1. 1883, and
Jahr I, 1884: tbay are feglatered bonda In the denoainattons oT $l,00n, 35,000
aa •10,800;- bear 6 per cent Intereat In currency, payable Jaaaary 1 and July 1,
ad taia 88 yean from their dau.

SI..4.8SX

8.

aa

Sa• She Parlfle
l lraa* Oaipaalaa, latareai
rayable In i.aw3al

Total

" a8..4J3X(

I.SOX

8
8.

3 dar*.

past

3,137,383,888
8.138.888,116

«r«rt*ibwa3aaeliinm

OaMfal Bnaeh, Dalaa Padfle.
Waatata Fadfle

"

8,884,80,808

84.S7P.000

IMX

MB.

I

4.

" W.

-

M
mx
A4.BIX

azcBAiiaa foa «vlt.

s
BBdaja.
<.SB 1i^.'.SO',!Jal»»
4 SO
.SC ,
" IS.. 4 .88X1

t>T,iio,4ao

latanot doe

la

—
Cola

•aoogh u> admit of eoln ahlpmcnla, bat
sabMqaMtlr lalaa daeUaad la eoDa«<|MMa of tba battor aapplj
Clanclarar
ofeoaaaretelbUteMlatBCfraDKraia aktpMata. BoalaaM waa
Oauial Padfle
al«i oaaattlad by tba fUOora of Meaaia. Ducaa,
Sharmas ft Co.. aaaaa PadBc
who was* aiiMQg tba pfomln sot dn««a at WHb.
UalOB Fadfle
Jaiy

$808,888,478

..

|8.S«73IS.048

prieaa bifb

SOdaya.

48,3 3
SST.l

iar43K>«

aolaa...,,

ltn\

...

7

Th

,

iJ»
un
Unt

.

..

"

io,Ba.tn

ai

ii»s ti»x
lltX

.,.-,..,','!-."••;

..UJ ....
irii'T* ins;

^dMShr

$M.B7S.a80

—
wa
tndar
staa

t»jaM,ui

w4taao

« 113

Biiax tu
JB UBXIIIBN

I

374,755,106

.'...lain

^in fiMx

Frtdar.

I86S

M,«To,oao

17. 1883.
3,

ordattbearlatno

Oii fM iial u of |sM

..

Btmiiy
aadar

•as.8rr
3,

Jaae%IS78

Total dabt boarilW BO la tercet.

rildar...

Oatstand'g.

JolylT, IBSl.aad Feb. IS, 1888
Feb. SB tad July II, ti. and Mar.

OMMad aid laaal
CXsMsaSsaataspaait
FtasBlsaal aanaaef

in

M.,aAmw

11,800

•• Which

XaeypaadoafaadatSperoaat

,•«?«>•?« i«««*»"....

<a^ooo

oT debt beanng Intereat InUwfnl

Total dsMhaailiCtalareat in eoia
Daar aaaaoM bmaaar la LAWVtn,
OtlBralaa at 4 par eaat

•?Sr.:!!I

Principal. lataieat

In 1875

U

t'UjMiWM UTX inx

Coupon

One

tatdabtadneaa. Act Jtly 8, '70,

Bhannan 4 Co., bat it waa aridaat that the piwrloua
•dvaoea bad boas largalj tba roault of spaeslatiTa maalpalatioa
and tbat tba eUqae baTia( djiaolrod, tba praalnB daeUaad

nil

ia)

114,000,000
878.000

,

I

^

81
•tojooo.

3a,

Gold ouule a Urf* bnak and deelioad from 117^ ot lllf aa
tb* eztiaoia poiata. Thar* were f re<}a«nt flaclaalkma and rapanicalarl/ that of ahoui 3 pw eaat ob the tallora of

111

aa followa:

Sl.OOO, resialered ti.OOO, $5,1 0. (10,000.
81,000, regtiterea, same

laaaaa or booda thSSB ii

n. a iwai too.
OiiHBraliirf

is«(

'siwiioo
118,748,350
144,803.700
«il.9S6,800
38,068,500
818,464,900

Oebs Baarlac laSaraaS Ib I.awtBl mommj,

MX

SX

I8BX

130

—
_
UBl

aad BIOD boaasaia paid annnallT li
a total of t9.«3. Mi of Intereat oTerdne
aadaotretcalMtar. The total aaoantaeemed Intereat to date U tlT,383,08t.

On the above

nate la

UX IS
S* «X
MBK IBX MO

80

W

t4,6«l.000
945,000
68,431.800
49,818,880
31,3I7,;W>
SS,!»1.6S0

38,880
BS.683,300
141,814.690
1X8,800
3B,SSS,800
38,7BS,aOO
88,388,400
88,896,130
14,«Sl,a0O
303,341,530

danom lnal lona of each bane or boiala are

or

AuiiBaM

UM
Sr

M••»•*•«
UB

••»•*'•

34

SB
4B
83

lUrcb3.1i UBl
March 8, "84 ISOt

13,7»«,000

US,8M,«b'

SSX

4IX
tSM

ISX

...
....

1881
1883

Coapon.

$260,000

«e)tM,pKaBdaa00i
-Bi (<r)eoapoo,t5ir»IOO,»3&
and
^^

SX

SX

MX n

S

SIX
lS«t

-TattodBtalaaKxpraa..

SX

TBX

MX 40
SSX
SX
TtX TIX IM SO
4«S SS «
41
8" SS
S4
44
43
• BO
4BX
ItX
3
MK ISX
18
ISX
U
SBX 31^ a> SB
181
SBX BS SKX
84X30
IfX bT
SI
««
dT 4»

AiiaatfcAPkdfleTal...

SB
S

M

SIX

43
SS

WaiSinltatoBTai
Chaioa

SX

1-M

JQJJ*A..«
rM>. SJ.'BI

A J.
* J.
* J.
A J.
A J.
JkS.*
A N.
A N.
A N.
A J,
A J.
A J.

1814
1880

or dabt bearfan faitawat In coin
~

TSX

IB

«•
100

....Feb.
Mareli3,<BI

.

six

U

14, <S(
8, -Bl

1884... .... March 3,
1884
I8S4.. .... June 30. "M 1884
8i,Maa(ir USB... .... March 3. at 188B
Sa,84Saor 1BS^ i law. March 8,
18BB
Sa. B«liar IMT... .... March 3,
1887
4a, VSOa of 1883.
.... MarchS,
1888

ISS

18

,

Regiatered.

4a.VSaaar

Sa,

«x

Its

Jone

Bonds Ontatanding.

Intereat
Perioda.

Act.

4a,M0iar

l»X

«

ISS

l87S.

offieiat

....
....
....

U8L

10

pr«(

OaloaPMdle

the

Anth'rizing

....

BBO-a or 1888

Saor

lOt

^X

Saof I8W

K

SX
IX
SX
l>X«*38asBSBSSS7
SX
SX
TX
4X
»X
»X
4X

pr«f.

TtL,-W»h.MWmm9..

la

Character of laaae.

*a,Oraaan War...
Saor 1881

lOtX

1>

18X

ISSX

l&l

iX

9sx
IM
IM

JDLY,

statemeat of the public debt aa
appears from the books and Treasarer's retarns at the close of
boaiaen on the last da; of Jaly, 1875
Dabt beariBB; Imtereat In Coin.

4a or 1381

lOSX

•£ UX
mi m%

SIX

UB

Ul

raoaaa.

130
3

4X
10<X

padflc or MisMMri

5*»J'J''!S?^
MawTorkOa*

ISX

lOIX

47
10

4X
SIX
SOX

Ammteut*Efnm

MS

U

ISOX

MSX

OUoAMlMUrippl

:.*» _H«*
AdMalnw.

*H

•
Sa«T0U10SSSiSBXS<X
MIX IVIX WX WIX MOX ISSX MBX IMV

tOeaml

do

SM

HoX t»M

1«IX

in

IS

The following

(Iji

SK

3H

•!

•

liwx
lOOX

SOX

.

Sdpnf.

do

4X

nOX lUX

IlT
«1

IWW

lOIX

tlJi

SBMSOMatnatlO
m
II

iM
US
UON lOS

HtriM
DUboU Oanlnl

do

Itsy

ICdX

I8X
ItW HX MX
MX
MX
Mx KX M »

»4M

araalb*l*«ll.JoMph..
pnf.
do

MowJaney

Wt

a

ft

IT

dopnfwrad

do

lis

111

S&V

VHM

Chk. fclad. C.

*

IIS

113

127

THE DBBT STATEMENT FOB

.

U6S30n4«4S«M
M nx
MX

D*L.Uek.*WMtMB..
Dabaqo*

July
.
Open. Hlch. Low. do*.

uk at nx ns mm
OM ss
nx as
»x
»X W< 4tM »M «
ng nu SOX S8K M
SSJi

»»

lOOK

* Pltuboiy nur.

Onliiih

.

Bl(b. Low. Chw.
UlJt iUH

H

do anl.

* Rock bbad.

do

Clnc..Cat.,Ciii.*Iiid..

:

THE CHROXICLK

7, 1875.]

CUema,»ml.MO/tiaaiWt Ui
«•
do
do

.

Kia|s.4.s8xo4 srw

4

nxtt4.«ax

the outstanding bonda, amounting to

fl, 000^)00. bevInK 8 per cent Interaat, first series, and due Nor.
ISth, 1875, at any time prior to that date, with accrued intereat,
on presentation at the offloe of the Farmers Loan and Trtis'.
Company la Naw fork.

,

1

:

.

THE CHEONICLK

128

7, 1875,

from It, wo may perhaps have not much cause to regret
we shall have to pay a little more for our loaf of bread.
The following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, vii.,

Newe

Cateat fHonctarg anis (Somiiurcial (Sugliat)

[August

benefit

that

RJlTBSOP BKOHANGB AT liONOON, AND ON LONDON
AT (.ATBST OATBa.
KZCHANQR AT LONDON—

from September 1 to the close of last week, compared with the
corresponding period ia the three previous yean :

BXCHAHQI ON LONDON.

JULT 8S.

UtPOBTS.
1874-5.

™r^

Amsterdam

abort.
11.18
8 months, i6M
SO.TO

Antwerp...
HambarK...
P»rli
Pari*

short.

SB.S.'i

&nM

short.

giU.eO
asO-74

8 mos.

QiS.V^

short.

8 months. 85.5iXdi5.57X
n.r,)ia,n.4i>i

Vienna
Borlln

80.70
80.70

Q80.74

Fraakfort
6811-74
Peterabarg
U 11-16^3^
Cadiz
*}%&<»
LiabOD. ..
%daj«.
UX@fi8 9-16
Milan....
8 months, 27.S«Ha87.57>i
.

July

88.

I

Qenoa.....

18.00
8J.88
80.34
•SB. 29

Peas
Beans
Indian
Flour

80, SO

88.
15.

days.
90 days,
fiO

$«87X

On

27 )t

bly.

Bombay

U. 9Hd.
U. 9)id.

60 days.

Calcutta

Hong Kong...

a*, ild.
&i. 6)id.

Shanghai..

July
July
July
July

22.

July

21.

GmoB.

1«.
4>.

IXd.

bs.

Ifid.

3

mos.

97X

London, Saturday. July 34, 1«75.
week has been very unsettled, and

much

the past

there hag again been a heavy

fall of rain, not

tial

rains

ing commenced, but as

have mentioned in former letters, there
owing to the heavy fall last autumn
in the value of wheat, and to the remunerative prices obtained for
other kinds of grain, the quantity of land devoted to the production ol wheat has been reduced, while that on which feeding stuffs
are being grown has been considerably augmented. The farmers
may perhaps regret it now, as wheat promises as far as price is
concerned, to prove a more remunerative crop, although when we
consider the diminished yield and increased expenses made
necessary by the storms, it is not improbable that even higher
prices will not yield so very satisfactory a result.
This year's
harvest will unquestionably be a very tedious and expensive
operation. In many, if not most localities, it will be found to be
impossible to employ machinery, and the farmers will, in conse
quence, have to pay very high prices for labor. The leaders,

no doubt of the

of

I

is

stated

excellent.

increase of £928,393, the total being

There

very

is

now

little

£15,078,393, against
trade demand for money,

is

The

state of business

feared that
articles,

money

for

it

now

are

being

as follows

Percent.

Percent.

rate

4

Open-market rates
30and 60 djys" bills
8

uasettled,

yet seen the lowest with regard to certain
which silk and jute are prominently specified.

amongst

The quotations
Bank

much

nevertheless,

is,

we have not

6

iH&iX

monthB'bills,...

4

months' bank bills
axOSJi
months' bank bills
i%®i%
und 6 months' trade bills. 3 ®3>^

2jia2>J

fact that,

the

strike

movement amongst

the agricultural

laborers will very likely introduce fresh obstacles to a speedy
in-gathering of the crops.

Notwithstanding the very unpropitious weather, the wheat
trade has been less excited than might have been expected. Dur'
ing the past fortnight an advance of from 8 to 10s. per quarter
has been established in prices but this is not much, considering
has been the quotation during the present season. The
course of the market will now depend greatly upon the weather
but, at the same time it must be expected that even with fine
weather present values will be maintained, as the crop in this
country will not be an average one. Much will naturally depend
;

how low

upon the requirements
pelled to import,

and the quality

It

would have been

exercised with regard to some of these. Firms, howundoubted soundness can obtain money now at 3J per
cent, which ought to enable them to realize substantial profits.

In many parts of the country the crops have been much
laid, and unless we commence at once to enjoy bright sunny days,
the prospect will be avery gloomy one. Under any circumstances,

therefore,

consequence of the unsettled weather.

ever, of

of wheat.

ig

in

as £726,116, the total being £28,331,118, against £23,196,06.5
The reserve of notes and coin also shows the substan-

caution

it is

the crop of wheat must be decidedly below an average, for not
only has the weather been unpropitious since the period of bloom-

105.520
9,907
3.060
28.903
81,587

commercial houses, which ought, if the present state of affairs
continues, to absorb a large proportion of the trade of the country;
but as even large houses have lately succumbed, considerable

very far from what we expect in July, the sun
obscured by cloud. The crops have of course made but
little progress towards maturity, and it is to be feared, nay, it is
certain, that much damage has been done, especially to the crop

but

still

8,197,994
16,216

is greatly kept in check in consequence of the indisposition of the banks and discount houses to take any but the
best descriptions of paper.
This is, of course, in favor of our large

the rainfall during the last few days having been comparatively
;

2,1,147

18,411
7,263
2,533
43,964
29.061

and business

although they h ave not fortunately led to much loss of life. The
weather presents just now a somewhat more settled appearance'

being

686,924

the continent, the appearance of the crops varies consideraThe rye harvest has been commenced, but that of wheat is

£11,242,290 in 1873.

which have fallen go copiously are more
like those of autumn.
There has been s.nce last Wednesday
week, an almost uninterrupted downpour, and in most parts
of the country the floods have done serions damage to the crops,

light

8,299,280
233,403
122,024
11,807
2,518
131,229
245,150

last year.

only in the British

but also in the Northern parts of France and in the South

The

1871-2.
34,497,195
11,300,588
9,(53,851
934,730
3,054,319
17,247,158
2,958,309

very satisfactory, the proportion of reserve to liabilities having
increased irom 46^ to 491 per cent., showing an improvement of
about 3 per cent. The supply of bullion has been increased by as

[From our own correspondent.]

The weather during

1872-8.
39,980,846
18,473,787
10,643,628
1.316,856
8,898,974
18,688,905
6,C32,653

The nnpropitious weather seems to have induced the directors
of the Bank of England to refrain from making a change in their
rates of discount.
The Bank return published during the week is

S». lid.

.

of Norway.

-

satisfactory,

lOd.

U. i%d.

19.
88.
19.

Penang

Islefl,

5,913,362

802,787
166,999
77,407
18,458
8,G47
48,058
55,574

that but for the rains, the yield of produce

.

UoDtevldeo...

Singapore..
Alexandria

cwt.

delayed

Valparalao

Pernamboco

15,7(11,442

Barley

27.S8i<S87.B7X
July

14,366,t

5,SC5.937

Oats
Peas
Beans
Indian Corn
Flour

Xaolea ....
June

Com

Wheat

20.50
33!^

3 mos.

Rio de Janeiro
Bahia
Buenos Ayrea..

1878-4.
87,785.128
8.149,774
9.497,251
1,280,271
8,405,995

SZMBn.

I

New York

12.158,018
B,08i,877
1,741,35«
2,698.885

cwt. 8«,111.10«

U'm

8 mos.
short.

I

St.

Wlieat
Barley
Oats

we

of France, for should that country be

shall

have an important competition

The rates of interest allowed by the Joint-stock banks and discount houses for deposits are as follows
:

,...,..

in the

j

2

©....
@!'!!

2J^@ ...
iH&..--

Annexed is a statement showing the present position of the Bank
Bank rate of discount, the price of Consols,

of England, the

the average quotation for English wheal, the price of

Middling
Upland cotton, of No. 40 Mule yarn fair second qualit}
and the Bankers' Clearing House return, compared with the
four previous years

:

Uovernment

.

Euglisb wheat
Mid. Upland cotton

1875.

1873.

17,870,64

13,885,646
22,561,308

86,326,984
6,053,497
18,494,474
13,281,882
17,414,494

27,303,9303,681,59*
19,750,967
14,025,691
16,400,551

88,622,129
3,880,633
26,647,815
14.276,626
18,971,309

17.410,171

11,978,048

12,347,517

11,342,890

15,078,398

83,187,308

33,215,867
4 p. c.

23,196,065
2>f p. c.

28,331,118
3 p. c.

securities, 14,892,563

Other securities
Reserve of notes and
coin
OolD and bullion in
both departments..,.
Bank-rate
Consols

1874.

1878.

1871.

Oircoiauon, including
£
£
bank post bills
85.784.487 26.581,179
Public deposits
4.718,127
6,887,605
Other deposits
2C,801,'388 22,214,790

27,444.441

.,

2p.

c.

£

£

£

98X

93J(,

94X.

58s. lOd,

SSa. 6d.

B9s. 6d.

eos. lod.

9 l-16d.

9d.

8Xd.

8 »-16d.

46s.

Od.

6 15-16d.

No.40 mule yarn fair id
Is. OXd.
lid.
quality
Is. 2J^d. 18. 5X<i!»• 5X<1.
Clearing Honse return, 83,8a«,000 99,110,000 107.142,000 135,606,000 123,539,000

The

rates of

money

at the leading cities

Bank Open

com-

producing markets, and shall have, in consequencej to pay a
higher price for our very extensive wants for the next twelve
months. Money, however, is very abundant here, and if the improved prices which the American grower will obtain for his
produce gives a stimulna to American trade, and we derive some

!'«' <=6°t-

,_
Joint-stock banks
Discount houses at call
Discount houses with 7 days' notice
Discount houses with 14 days' notice... _

Paris

rate, market,
per cent, per cent.
4 " 3@3i[^

Amsterdam

SX

Hamburg

i>i

4

rate,

and

Rome

«

Frankfort
VlennaandTrleste..
Madrid, Cadiz and Barcelona
Msbon and Oporto
St. Petersburg

4

4

Leipzig

4^

4X

,

market

per cent, per cent
Brussels
Turin, Flortmce

Berlin

3X

abroad are as follows :
Bank Opes

Bremen

«

6@8

Qenoa
Oeneva
New York

4
i)i

3>i@4

Calrntta

6@5^ Copenhagen

-

. •

—

...

5

6

3«

3«

5
6

4)f

>.,
..,

,
,

•;;:

'^

\

:

:

Aogvl
Then U
i

7,

1876

Mill do

THE CHKONlCUi.

demMld

for gold for export, and the bulk of our

boM

The

lent into the Bank.

havlog lomewhat improved, lilver
ia aomewhat firmer, but Mexican dollars are anchanged in value.
Ml— li Pizle7 & Abell quote as (oUowB
rats for India Coaocil

bills

•out.

p«

oa.

TT

t

lUadard. rr

9

ftraa. standard .
peroa.
^

SaaalshDoablooM

Tt

OaitadSutMOoldtJ"'•ILTIB.

Mazleaa Dollan

(OuoiM)

Pieces..
Fn
The periodical sale of

five

•

A

tt

annooaee that they are prepared

to rseaiTO aolMeriptions to an issaa of £38«/EQ0 sterling 5 per

the eitj of ProTidanee, State of Rhode

The price of i«iw Is to be 90 per £100
boad, 5 par esat being payable on appUeatlon, and 8S per cent
OB tke SOth ot Aagnat. The proepealaa states
Tkejoads an Io bearer, and ,rei>a]r>blej|ljar \a LMidoa iajm .Tbej are
of turn «e be snaasny psM
Paadi who are ••JieM the mom aa aa aeoaaSsaSSlsaan e( MaktM Paada,
it«t rtth<T la tb boada or aolea of lb* dtr
MHeJtaMsc had, teWlavcsb
of PMvMaac^ or beads of ibe Bute of abode Uaad. or of tbe Ualied Btata*

Island. Ualtad Blatea.

I

3d mort, $1,000

81

%m

1901

A Obiu. Con. mort., Te. 1906
A Potomac Oliin Line) lat murt, (a.1911
.

Calirorntt

Onfoa

3s,

. .

Dlv., 1st

18M

of the ibove

Do
Do

!816
18TC

_

Bri*$iaOsbarM

Emi.

vsraBMBl, for lbs

49

AlfD SHAKB8.
99

$1,000, Ts...l90i
ad moit., tl.OOO, 7a.l909

mortgage gold bonds, ite
A^lUlwaakee 1st mortgage. T«
Do
IdmortgagiLa*

to Bombay.and £24,000
Madras. Tenders <m all I'residenciee at 119| will recHvo
about 24 per cent, and above tliat price in fnlL This mult
shows a slight improrement in the demand for the means of

oi

Do
Do

prefer a Dce, 7»
coovertible gold bonds, 7t
1904
Harrisbarg, lai morunge.
1911
Illinois Central, $100 shares
Lehl(h V'sller, ooosoltdsu-d mortgage, la.
1919
Marietta
CtndBnall Railway, TC.
1881
Mlasonrl Kaaaaa
Texas, let mort., guar, gold
boads, Ktwllah, 71
1904

Qalveston

*

A

A

A

N*w TorfcBMIon A Monirrai.'Tl.'
Haw Tork Caatial A Hndsuu Blv«r mortg.
New York Central $100 stuu-fs

190S

bond*..

Oregon A Oaliforala, 1st mort.,1*
1890
do
Prankfort I ommit'e Beeelpta, z coop.
Pennsylnnla, $80 share*
!

Oa

fSt mart., 6a

46

>880

FhiladalpUa A Raadhig SM alMSSS
41
PlUabara Port Wayne A CbiCMB aqolpment
beads (gnar. by PennsylvanlaOaJ.Ba
98 Al
Uaioa PacUc Land Grant 1st ngtCn
1889
91
Ualee PaeUe Railway, 1st mortice, r*
1818
89
A>aa«aa arsBLnn bohd*.
Allagbeav VaUer. goar. by Paoa. E'y Co
1910
86
81
AUaalic A Gt. Weatem coosoL sort.. Blschoir.

S
O

oeru.(a).7s

1890

Ailaatlc

AGt. W.,

Do
Do

do.

t

r»or(antsatioa scrip, 7S...UR4
l*a*edilneeiaBtaltnst,7*.19at

....

4*
80

da

do.
1873, 7s. 1908
da.
Waatem eztaa,, (•
1878
da.
do. 7a, mar. by Krle R'y.
Baltlawii*AOI|to,(*
.„?
18fe
Do
4* ...
1909

Da

48
94
30
40

18
30
106
106

Da

90

l

48

'

f. sa«sreetaffdeat>spabBc

pvoparty of Ibe Oorpe-

iaaidaaalalbv|rsast«ro(iberltrsfQaease.aad araiaaadlor lb*
.JSaori*4«Ntag«d(U«d«b«>tur«a«riSfS(ld dtr aMMlMed la Lea-

ilBlMLsa4aMrSS«
,

t

<a

nr
la Ik*• IssI

tsaawaai

da*, to

^
,
City T Msai w, m^mft
MUM
OMUa llsMs w ba
lb*dt ef"
.

of

Mva***.
..

ibMksad

ne

Satm^

far

ife*

nweaas of ibe
sa sartUad
by tbe
-"

mK
Ks-'

,t=;Ji

I

Tba tbrnrg* of frand

haa yal to ba aabatantiatad bat,
BO doabt, tlM Loadoa 4 Waatminater Bnk Ufa baan wall adrlnad,
tkay aia piapai i ^i to k^ artisMa bafoca tba Jary
itiy eocMlailTa to obtain a aartfkt, bat of which notbing
oxeapt, parlMpa, eartain narkH on BBBMaoaa biUa of ezehaaga
has yet bean mada pnblic.

Tba

;

stoek Marfcats have not

baaa ^MattaOy alkniail by tha
wsathar. Tka toaa has, however, baaa 4all. hat Ualta4 lataa
oeka.' aad iadaad all tha stocks of tka oara-prodadBg eoontrica,

kava aU raatad attaatlaa, in consafaaaea of tha klgbar value
BBlaliUBbad Ib tha aora Barket. and of tha eartainty that wa shall
^laqalia targe sappllaa of forrlgn prodaaa daring tha eoaUBg

Tba
at
I

eloalag pitaea ot

tody's

CobmIb aad tha prtadpal A»«tMB

Marfcet. ootapaiad with thoaa of laat weak,

aa follows

war*

8H«^

138!

mi;
M«MI

-Do

....I

Do
Do

94.

J09M

Mm
\

.

mumjmm\».
ler^b.'n'.n ^..^iot
5a
„

*

*>
*> ••
.>•
5a,

s:

""

vm
.

..

.vm
"-

-

>la8M
108^—
loriJki

..

10*M'
108
187

iWT

lOSMi

Mi

I

-1
'

-

,

f^H

im

^^Stia."
Do

98M
iMJrftioox

IO0m2ioim

100
90

9i

(

t

(

ilOO

i^86

98
88

ai109

100

100
106

101

9t
(

)I00

085
aia9

107

Jasaary, 1819, le Janaary, im4. ladnalva.

Kaxtleh VarKet 88ararU— Per

<}abl*.

TltaJUlyotoalBKqaoiatioasIn the marketaoi London and Liverpool tor I tie paat week liava baaa reported by cable, aa ahown In
tha loliowing summary

Ltm4o» Money and Stock

Jfarkaf.

— American

seeorltiea

have

ralad steady tbroaghout tha week.

Tbe

ballloo ia the

Bank

o( Englaind

haa Increased £58,000

during the week.

Hoa.

Hat
9* 11-18
Ooaaot* for aoaay
aeeoant
»4 ll-M
0."B. 8a 9-9aB.>1886,oM. 107K

-

Ta**.

M 9-16
M 9-14

W*d.
94 »-18

94X

Fn.

Thar.

94 &-19
94 7-18

•4 7-14
94 >-18

.

1887.,

u,5

i

.IMH

0. B.1I
Maw 5*

Tbt qaotacloBS

lor

(Taitad

Frankfort

atea Os (1808 ) at

U.B.8s(Mte)l881

Utwfttl

Uurfmt

Omm M»rkil.-^am Bpaoial raport of ootton.
Bwadstnffii close buoyant at

Brtadilmfi MmrktI.
Bat.

July n.

M»
MTM

Ml

Oofbaded.8s

80
88

I04M< kKMir
(0
(8
80

IWt
ABadaoaUlT. aovtboad*,6*..19as

la 5 eeapees,

80
80
80

18S1

A Badaaa Cbaal acrii., §

R. T. OnUial

n

#88

an advance.
Jaly

n. a.

18n

M

31
78

SIS

UM|A TsB ij
UaiavtItaAIIaahvtIU, 4*
19ia
liapai* A OUa 1« BHTt. 7*
1901
Uwaabia A at. PaaL tsi mart k
.1908
lew Tofh A C^ai8s R'way, gnar. by lb* D«lv

wHulaa was pjMm. abeai BSASiOi

There haa baea eoasUarablo eviiWwt ia tba dty thla week,
owing to the arraH ot Uie Brother* OolUa,ea a charge of defraading tba Loadoa * Waatmiaater Baak. Tkaebarga is that tb<>y
have obtalaad tMO,000 by mean* of aeeomoiodatlaa bitla—a wellknown eoouBodity ia this diy and aaioagat oikar trading com-

aa

A Taaa* 1st mart 7*
as m l aart. "A." 8s

•

mMsI •SMBsat af satoanu.
eadte AfsflWiniCtteMBi saeoat oT^

munitlaa.

do

9».
nUaats Mlssead

BS

10
89

I.

proapeetna,

53

MX

81
84

.

.

43
91
30

I

ias»( ,106M
lOSMi
106 *iB6

101
MsHiaL Oiaat Brothers announoe that they are aalhorlsed to
107
Oa
4*
1810 M)ti
iceeH* tiibaeriptlona to an issue of CSetjOOOterrainable debenture
^
BarllaftOB C«dar Raalds A Mlnassotl, 7*
1901
boada of tbo fnwaolWktail fond of tba dty of Quebec The loan '^110 a Vlaieaase, Ts ..
....
...1908
m"
A AliOB •t*rUng°con°aol. morC.'. «•'. '.... 1906
100
wlU ba taaasd la toads of £500, £S0O. and £100 each, bearing Chicago
OMoMo A Padacab Ist mort. gold baadi. 7a.. .1908 81
SI
iatereat at six per cent per annum, iataraat boiag payable half Oissalisd, Oa a a h a*, Cla. A lBd.eoa. aort
•4
Ma*sraRsOwayo( Masaachosett^ 6i
1888
lOOM
yearly In Loadoe. The prior r>t lana la £in par £100 boad.
1815
T4
saaM.
(or
ooav.
df
boad*,7s.l880
aiMlBg
79
Tbe principal la payaMo at par oa the 1st of July, 1906. and a
87
inking foad of 1) par cent »IU ba aaaaally sat apart and Olbaaa CHaloa A i»priaaa«ld 1st aocviald,1a. 1900
IUastaA8l.LaaU1r^p!staMct.ia
1900
inveeted by tbe corporation to redaefli Iha bonds at the above
Da.
d&
tdBefL.Ts
19» 88MA94V
•date as specified In the act of Parlls— t, Thaaa bonds, says the imssis Oaattsl. slaklag fnnd. aa....|

ArssajsMe>s>

aioi
SlOl
Sk
SSI

M

1105

Ui M..

Detroit

to

MBt eonpoB bonds

fondel «a

AaiUCAN DOLLAB BORIM

Do

TltHA

on India was held at the Bank of
The amoant allotted was £600,000, of

A Co.

UBl

^

A Great Weetern

w
99
K

99
99
33

1

bills

Measrs. Mortoa, Boae

mi

do
(Tn D ncl 1 Bt mortgage, (a,
(gaar. bv Penntjrlrania & No. CenLBaUwaj).1911
CeotialofNew Jereer. cons. marV^ 7i
1890
Central Pacific of Caliromii, ut aort, «•
1816

England on Wedneadaj.
which £348,000 wsa to Calcutta. £296^000

remittaaca to the

July 17.
- 101

.,1889

New

Do
AtlanUc

Baltimore

SJi

8X
(M

iiedm.
Bs
8*
S*
TirglDla stock Da*

Do
.Do

Atlaatlc IdlidwippI

d.

t.

129

Muuchasett*,

d.

U

W

pa* •. ttaadard. 4
4
par or. do
peroa. 4
pares, none here
oeroi.

Odd.

•.

....

peroa
peroa.

Boaik Amsrieaa Doablooaa

Bar 8U vw, riae
Bar Stiver. eoDtalnlncSrcr*.

d.

•.

per oa. tundard.

BuOold

KSold,tB«
arGgU,r«aMMa

Spaalafe Dollar*

:

.

]

baa, io oooaeqaaoce,

mporUtioDi

:

•"'•*••' •.01'#W»

a

Maa.

i.

9bbl 98 8
irk*al(le«ira.fpr).tetl 9 8
••
-•
(RadWiatar) .. "
" {CbLWhlU dab) •• 10 8
UorntW. aiz*d)«qBarter 38 9
P*as(aaaadlaa). .• oaarter 44
PloarCWasiara).

J.

9
so
".

(
I

95

(

.85

.85
101
101

001

90

99
99

101
tin

96
9

9

10 10
34
44

Wad.

Thnr.

s.

d.

8

9

t«
10

11

li'i

II

34
44

34
44

6
n

34
44

96
9

d.

s.

8

96
9

Fri.

d.

*.

1

—

U

Pork and lard are higher than
ttrf ool Protii(«ni Markst.
a week ago, while cheese closes the week Is. lower.
PrI.
Sat.
Thnr.
Hoa. Taea.
Wad.

ad.
•'i
85
98

Tbm.
a d.

Beet (a«ea)aaw lice
tek(B«e*)Bew«bbl...
Baeoa(loacd.Brd.)Vewt
U(« fiaaricaa) ... "

OhsaeeCAaer'n lae)

00
80
37

a.

•»

65
77
53

8

8

|
^
n

«S
77
53
80
57

d.

6
6

a.

d.

s.

6

43
80
^8
80
54

65
79
53

60
51

d.

s.

d.

6ft

6
6
6

ao
83
61

66

6

:

:

:

:

I

THE

180
Produce Market.

last.

s.

d.

t.

KoalD (common),

"

—

Tallow is 6d. higher than on
Other prices uochanged.
Moo. Taea.
Wed. Ttanr.
Hat.
•Frl.

lAverpool

Friday

.

d.

d.

5

87

n

— Prices

Oil Market).

•ii

ti

generally

B.

rule

lower than last week.
«

d.

Spermoil

Whale

84

£

d.

8.

10 :5

:

51

|^

d.

a.

Thur.

£

10 15
61

B.

1875.

balea.

bales.

balea.

151 ,840

140,740
18,100
13,010
8,180
43,520

99,370
2.540
6,090

817,550

Frl-

£

d.

10 15

s.

510

10 15
51

!3 6

33

d-

India Ac. 60,670

ToUl

229,410

336

3
m

009SOOU2 00
31003400 8100

:

3

84

:

S4

3

Aiuei'ican

. .

(fiioinmcmal anb iitisceUaneoue N^ujb.

$6,641,229 the previous week.
week, against |5,793,288 last
week. The exports of cottoo,
against 5,617 bales last week.
The tollowingarethe imports at New Vork tor week ending (for
dry goods) July 39, and for the week ending (for general mer

against $7,001,511 last week, and
The exports are |4,335,683 this
week and $5,303,632 tlie previous
the past week were 1,495 bales,

Total for the week..
Previoaaljr reported....

Since Jan.

$5,413,088

18,535,341
861,997,795

$260,633,156

1

$7,208,7«

1876.
$3,118,366
3,685.401

S40,U5,973

339,175,023

$6,803,769
201,100,766

$345,658,060

$243,383,750

$206,904,535

In our raport of the dry goods trade will be found the importsol
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
(romtheportof New York to foreign port8,for the week ending

August o
BZFOBTS raOM NBW TOBK FOB THB WBBB.
1872.
$4,053,332
124,277,797

1873.
$6,096,234
162,895.896

1874.
$6,1E7,917
170,605,103

$128,330,129

$168,995,130

$175,;63,020

For the week
Provloaaly reported..
Since Jan.

.

1

$148,277,999

The following will show the exports of specie from the port of
for the week ending July 31, 1875, and since the
beginning of the year, with a comparison for the corresponding

New York

date in previous years
July S9— Str. Wieland

Silver bars
Silver bars
Mexican dollars
French silver coin.
Silver bars
Silver bars

Paris

July 31— Str. City of Kichmond.Llverpool
Total for the week
Previously reported

$41,896
72.000
10.000
8,600
68,100
30,000
$2.30,596

67,683.134

Total since January

1,

1875

$58,113,729

Same time in—

Same time In—

I

$34,087,250 11869
38.109,050 11868
64,801,039 1867
51,*3,016 1866
37,797,903

$21,926,.506

of specie at this port

daring the past week have

1874
1878
1872
1871
1870

59.688,157
37,427,856
51,824,771

I

I

I

The imports

been as follows:
July 26— Str. Claribel

Savanllla

Silver

$3,299

Gold
July 26— Str. Acapulco

Aeplnwall

Silver

4.897
21,031
6,105

Gold
July J6— Bark Curacoa
Jnly

Cntacoa

Silver

460
2,400
560
886
49,600

Gold
Domingo... Sliver
Gold
Havana
Gold

28—Str. Tybee

St.

Jnly 30— Str. Cuba
Total for the week
Prevloualy reported
Total since Jan.
Same time in—
1874
1878.
187S
1871..

1

$88,718
7,8!j7,353

1875

,j^
""

1870

2.790,931
7,424,449

1868
1867

Thla
week.

16

1869.

9,784,778
4,264.010
1,743,668

—

HH

g'dfair->

18

19

Wi

20

17

18

Fine.-^
34
23
..
SO

Mid. Fair. Good.
19
17

22
18

Ord. G.Ord. L.Mld.
Mid. G.Mld. Mid.P. Mid. G.Mid.
Upland.. 6K
6 11-16 6 15-16 7«
fiK
8 8-16
8>f
7H

6H
Teia8...6K

6Ji

N.Orrns. iii

«X
6M

6X
6X
i'A

l,O0.'i,7.30

910

47,800
491,800

American

18,533 1,.327,254
306.405
9,450
Egyptian ...
752
167,681
Smyrna Gr'k
2,381
31,347
W.Indian.... 1,621
468,141
East Indian... 19,694

Brazilian ....

A

269,380
135,480
1,.390

12,920

Average
weekly sales

ISW.
1874.
1,211,410 32.900
235,010
8.760
173,050
6.210
2,6901 , ,™,
44,980 f '••*™
533,870 11,290

1874
36,810
6,890
6,650
1,000

10,690

60,340

60,810 1,952,680 2,200,990 59,420

-Imports.To thla To this
date
date
1875.

period

1874.
1,403,369
318.037
179,338
1,968
39,814
443,106

45,250 2,883,179 2,390,687

-Stocka.-

Same
Total.
1874.
1,919,030
494,040

297,124
2,638
97,788
818,058

This

date

day.

1874.

Dec. 31.
1874.

591, S90

4.36,170

118,680

166,380
88,170:
1,830
27,560 f
861.910

76,4.30

5,010
8,030
838.620

3,658,678 1,035,660

374,780
82.52C
73,660

1

23,480

230,210

684,710

982.010

the quantities of cotton imported and exported at the
various ports of the United Kingdom during the week ended
the 3Sd day of July, 1875
of

:

Imports, Bales.

American

Exports, Bales.
5.312
1,107
5,675
146
368

13.582
9,399
19,439
752
3,028

Braziiiaii

Eastlndlan
Egyptian
Miscellaneona
Total

46,194

12,608

Evansville Owensbord and Nashville.— On application of
a number of the creditors, the United Ktates District Court at
Louisville, Ky., has declared this company bankrupt. Mr. K. S.
Triplett, of Owensboro, Ky., has been appointed receiver until an
assignee can be chosen by the creditors. A meeting for that purpose will be held August 10.

Iowa Railroad Land Company.— The sales of the Iowa*
Railroad Land Company during the month of July last were as
follows: 14,89362 acres to 164 purchasers, for (including 105
town lots) $119,073.08. Cash collections for the montb, $S0,838.90.
The lands of the Iowa Railroad Land Company are
wholly situated upon the lines of the llliuoia Central and Chicago
in

Western Iowa.

—

Pennsylvania Railroad. The Board of Directors have determined to declare quarterly dividends hereafter, instead of semiannual, and have just declared the first quarterly dividend of two
per cent, out of the earnings of the past three months, payable
on the 30th of August, on all the stock of the company as regisIt has been customary heretofore to
tered on the 31st of July.
close the transfer books ponding the payment of a dividend, but
in this case the Board of Directors have ordered that the transfer
books shall not be closed at all.

Portland & Ogdenshurgh.— The Portland & Ogdensburgh
Railroad will be opened for travel through the White Mountiin
Notch during the coming week, and trains will run from Boston
and Portland to the Fabyan Houte, where connection will be
made with the Boston Concord & Montreal Railroad. The Connecticut will be bridged at Dalton, N. H., immediately, and
within sixty days it is expected that connection will be opened
with the Vermont division of the Portland & Ogdensburgh Road.
The completion of the entire road will give the shortest route beCo., the
tween the lakes and the Atlantic. Messrs. Fairbanks
celebrftted scale manufacturers, are largely interested in this road,
and on its completion to St. .lohnsbury, will have about 20,000
tons of freight a year to send on it. Messrs. Hassler & Co., of 7
Wall street, are now offering a few of the six per cent gold ixinds
of the Vermont Division at 81i.

&

BANKING AND PINANCIAL

Thefollowiug are the prices of middling
compared with those of last year:
.-Pair &
-Good & ^Same date 1874-

^Ord.AsHId^

Mobile...

5,780

Same

thla
year.

$7,360,688

21, 1875, states

8eal8land
Ploridado

45,190 16,840

ToUl

87,860
6,210
8.910

20

360

660

9,080

EAILKOAD BONDS.- Whether you wlah to BITY or RBI,!.,
HASSLKR A CO., No. 7 Wall

—

LilVBBPOOL, July 32.

H,560

$7,976,071

$3,041,822
8.885,083

BaROPBAN Cotton Markbts. in reference to these markets
our correspondent in London, writing under the date of July

qualities of cotton,

200

4,400

Bast Indian

Same time in—

.

"

& Northwestern Railways

:

Hamburg
London

883,680

400
500

Smyrna A Greek
West Indian....)

Return

FOBRISH IMPOBTa AT NSW XOllK rOB TBI WBKB.
1874.

267,21

4,650

Total....

chandise) July 80

3,904,333

209,567

1,260

Total

—

$S,.;04.506

150,140

"
9,820

(MPORrs AND Exports for thb Wbbk. The imports tbi»
week show a decrease in both dry .goods and e-eneral n:erchandise. The total imports amount to |5,803,769 this week,

1873.
{3.309,919
3,103,169

5,561
7.010
159,583

920

4,550
3,160

I

1878.
$3,169,419
6,365,932

41,280

bale;.
105,180
39,980
12,470
26,000
601,000

balea .87.850

Brazilian

Egyptian

Dry gooda
General merchandise...

70,689

Salea this week
,
Ex- Speculaport tion. Total.

Trade.

14 3

3

hales.

55,867
16,918
3,600
10,494
122,788

BALBt, BTC, or ALL DBBOBIPTIOHB.

92
34

93

1874.

balea.

evening last
.

236

exp'tfrom
U.K. In

1874.

The following statement shows the sales and imports of coti on
for the week and year, and also the stocks on hand, on Thurrdiy

-3

"3400

oil

Un8eedoll....y cwt.

£

.

00

Vtun. J}

Wed.

Taes.

Mon.

Sat.

£

Uae'dc'lco(obl).V tE 10 15
Uaseed(Calcatta)....
51
SagarCNo. 13 O'ch atd)
onapot, Mcwt
S36

1878.

Brazilian
6.330
BL'yptlan, Ac. 11,090
W. India, Ac. 1,710

41

k other

outportatodate^

thla date-.

1874.

1876.

16

41
87

ii

London Product and

L!v., Hull

.—Taken on spec, to
American

"
(splilts)
Tallowf American)...* ewt. 41
0Iov«r8eed(Am. red).. " 87
"

:

6

•»8»

Spirits turpentine

Since the commencement of the year the transactions on
speculation and for export have been
.— Actnalexp.from
Actual

d.

B.

6
18

(Ine)

Petroleaai(refliied).

d.

e.

cwt..

[August 7, 1876.

CHRCMflCIfe

7K

7

73i
7Jf

7 8-16

1\

8^

7

188-19

26
20

STOCKS
New York Stock Exchange bought

8J<
iJi

6X

9X

street.

N. T.

and aoia by ua on margin of

PRIVILEGES

Negotiated at one to two per cent from market on members of the New York
Ezchanire or responsible parties. Large sums have been realized the piisi 30

Put or call costp '^:i 100 shares
$106 25
Straddles $250 eac'. cuutrol 200 shares uf atocK for 30 days without further
Advice and informarisk, while many thousand dollars profit may be gained.
tion furnished. Pamphlet, containing valuable statistical information and
showing how Wall street operations are conducted sent

days.

,

FREE

M.P.

8X

-.%

iH

Dealt in at the
five per cent.

write to

To any
'8u

addreaa.

Address,

Orders aoUcited by mall or wire and promptly executed by

TUUBRIOGS A

CO., Bankers and Brokers
.No. S WaU steeet N.

.

:

:

Angnat

:

6 ankers'

^l)t

..

THB CHR0NIC5LE

18 6.]

7,

;

131

(Tloainfr prieea dally

(3a}tilt.

have been as follows
Jnly

Int. period.

NATIONAL BANKS OBe.4?flZ8D.

t.lM-ButOB lUtiond Beak,

Barten. Vt. AathorlMilcapiua. tiao.O(iO; paidMcLallsB, Preitdaot: B. K. Dewey,
CaaUar. Antboriaad to eommeoca healaaai Jal? SO, tsn.
M>l-KaTBleoa Natioaal Baakof l>hlladaipkla, Peaa. Aoikoriaad capital,
rB,ailO: pald-la oapUal. $»o.0O0l Okarlaa M. CUnaao, Preatdeal
B. wlawell. Ouhler. Aathoriaad to commaaea baaiaaaa Joly

tmjm. Hiiam

in capital,

ao. IfflS.

DIVIOBHBM.

fUsTilsall

*

Pltubargh, goar.

Wan

Books Cumbp.
I

Onrr. ^AaLa. (DaTa IsdislTa.)
Sept.

(qoai.).

Aoc.

1

^mt

I.,

ta,l(MO'*
.coop.
ta. fnnded. 1881. ...reg

Not.

Aac

ttaaks
Bank of tke Maahatua Oaapany
St. Nlcholaa Nit.

AocAac.

4

lasaraae*.

•ThI*

le
ie|

*>ac.

t to Aag. a

CttyPbe

<

ramaT. Aacoat «. UTS-S P. M.
Flaaaelal attaaUoa. Since

the temporarrezcitamentarislD(;frnm tbefailareof the prominent
banking boose, relened to In our lii.«t report, there has been noth-

. .

Qoarterly

1*

the price bid

:

of importanoa to disturb the quiet ot llnaaeial circles.
The
opinion tbea axpraaaed that the failare was owini; to special
eaoaes, and nol at all the reauU of Ukj ansoaodaeas which
int;

aftetad oUter haaklitg boosaa, seems to bars bemi prored cor
ra^ aa tha omty Marksl haa relapaad iato its tormer extreme

m

and the stock aad gold markela iSMted qolcklj

to

their

prerioos condition.

The mooejr market continaea eitraoaaljr easy at 1^ to 3| par
rant oo call, and 3i to 8 per cent on piina paiwr, aeeordlac to its
Krade aad the time It has to run.
Tha rataa oa paper, as
hardaaiag

tjie

close ol

summer, are

on loag 4ate |iap«r, bat this la merol/ pre•aoilonarj, and there has aerar baaa a time whea tha opinion
ha* been more general at this lime of ysar that tha moaey market would oontinoa aasy throaKhoul tha aetive Fall saa»>o.
On Thuradar tha Bank of EoKland laported aa ioeieaae in
boIUoaol £08,000 for the we'k, and tha rate of diaeoaat anehaaged at $i per cent, nooex id tha opaa market being i per
eant lower. Tha Bank of Frmocn lost 0M,OOO (rases in spoeia.
The Boraau of Sutlatics at Waahiagton has now eomptlad Its
aiightljr

prsttmiaa'7 report of ttttieoaimer
''altad States for the
IimI r«Br aMliag Jaaa SO, 1873.
i>ort U lasaed much
iBoi* prMiptlr than aaual her<<tor.>.-, .u i m therefore of more
present ialaraat, we give the following flgvraa

laiaan OPte raa cjona

Aug.
6.

6.

•iiBx»ii6

•115«

118

*nix

nSX MISV

*U6X

*mx

118^ 'IIS^'IISK 'V.SX *inx
•:i8X •llSii •118,'< •119
nsx
•118K IISH'IISX 119 •119

n8)<«ii8K

i:8j<

•n»K

•IISK
•180K

IKM

•mx

*i»x

119
118K
IMX •lioS
l*OX liOX
'itox •1»X •HI

'ItO

1!«
It*

»UbX

'lux 'lis
»iUX •»»

•lu

1I5X

116X
11S« mx
mx •1»J< *mx
Jt»x

•Its

no taU waa aiade at tha Board.

and the amount of each class
were as follows:
^—Amoant Ang. 1,-^
Baage since Jan. 1.

—Lowaai.

,

reg.. 118

ttlttK June IS
8 1*4XJnnel7
VJIi&Ji June tS
•l«8.SJanel8

ta.8-tira,l8n.

coup

U,i-W$,MM

nsK
114 W

la.V10'*,l8<ft

i l«l

Apr. IT

I8.IB0
t«.a(M.400

t»JBn,t»»
Jt,«8a,4M

3S.TM,oaO

118,741.880
144,SaR.7(»

MlSMJonalS

»a.lO-tra
coop.. lUKMeh, 4 1li>liJaoe 7
ta.faaded, l8ai....coap..llSK'aa. tilt JunetB
ta.CarraeCT
reg.. 117^ Jaa. 4 IMX Apr.

808,841,880
84.888.618

reg.. llt><Meh.

M

Btate

«tl.9« 600
ta,06t,6lO

....
5t,9S1.6A0

tlt.4M,«00

aad Ballroad Boata.—There

baa been very little done
in Slate bonda beyond a tew salee of Tennessees, of which the
price lo-day was SU for new series.
Railroad bonda hsTe been aetiTO, and aome of the Northwestern
and St. Paul lafoea buoyant. The leading issue was the Chicago
k Northwaat consolidated gold bonds, which were dealt la
largely, and advanced to 88{, selling back to 87| to-day. The
PaeiBc laaues were alao ia Caror, as usual, and their prices
firm.
There were sales to-day at the Board of $8,000
Centra] Padflc land Krant bonda at 961390f, this being their first
sppraranoe In the official liat. Ohio and Mls-issippl JM mortgage
bonds hare sold down to 70, and it Is difficult to account for so
low a price on a 7 per cent, mortgage bond, except upon the suptiositloe that the holJera fear a posalble default in the interest,
bowefer ill-founded their fears maybe. The company baa not
recently reported its earnings, aikd this has probably helped the
decline.

Daily closiaff pr*ees of a law leading bonds, and the rango
slaee Jan. I have been as follows:
Slac* Jsa
Jaly Aaa aj.
Aag. Aus.
Highest.
Lowaat.
IL
I.
*J*
,

**Taaa., *«•*...
'isk
-*
till. Oar ,eM..
•an. Oar
OVtrg..
alM

..

.

•10

*i
•<•

TS •»
•» "IS
•mn •MH
'ta
'MK

ni
•»
•6
....

S

4->

m.f.f..
P.t*..
S.

rtetstM.T*
M.7*.....
>. J.Oaa.lat 7*
rtwaraalatl*.
rt
Wayaa la« 7*.

sfg
»«H
»^H

M'
•>«

•IISH

Mch.p

nj, Ian.

!«!M
Ill

SJaa.
Jan.

ISi

t>K J>a.

•«

101

iai«i
lat

•!«•

Mil

•lU

litjt

Mil

JasaM

I4N Jsa.
lllt(Jaa.

as

ee<7*MI*i1B.. *MBM taiK McsH
a a M.w. told ts n ITM MX

'

•iiiii

«K

»S Jan.
«

Jan.

i'i

May

IVIH I'et.
lOtM Jan.
108
Jan.
7*

n

t
It

Jan.
aiH Apr.
It

1

S
7
Jaa. tl

Jane

46

18

mik

&*. litis ni«

8/Ri«t"

|>U,MMH

$
aMI0,8W

ii.SB».*O0
88.698,160
t4.4«t,SCO
ltl,814,8&0

S*,IMra

Coupon.

Beglstered.

coup.. 11.-.V Aug.
coop.. IlTvj July
l*.»-«r*,iau,Bew.coap.. 1I7>, Jan.
t*, S-tO**, 1887
conp.. list, Jan.
ta, l-tra, 1818
coup 118 Jan.

coop..

».X.

•«SS.W,M

•

5|ll«JiMay t»»lft,a6»,8M

SlMMJunalT
t 118 K Apr. IS

a,18Bl

•aiie.'iaaiibeaa*

wana

—

Hlgbeat.

Jan.
JaaJan.

.

might oatarally ha ezpaetad toward

•H5

ranite in prices since Jan. 1,
of boada ouiatanding Aug. 1, 1875,

„
••.>!«
Markat

Ang.

»HOX •I«0«

A Jaly ISO IMX 1»J»- 'MX lil •Itl
A Sept. I16Vi •i;j),-»ii4«»ii4X •1U« •114X
Mar. A Sept. U6\ •n«x 'iisx •in« •inv •inx

The

NawTorknn

ease,

115

IISV
11-

A Not. UfV
A Jaly 1>H
A Jaly iltiJi
A Jaly. ii^<>i
A Jaly. 130
A Jaly. U»x

reg. .Jan.

ta,t-S(ra,t8(BD.i.,coap .Jan.
•a,s-«r*,isn
reg .Jan.
ta, &-«)•, 18(7... coup. Jan.

4.

•IMii'ltOK liOX'lJOX H13<»1s1j5

A Not
May A Not

coop. .May

•a,M0'a.l88S,n.

A

Aog.

S.

119X •!«

1!9J<

11 to Sept. 1

Aaf. 10

(qaar.)

••r

ree May
a>op. .May

aa.A-«0>*, ISH
(a, VM'*, 188S

ISO

aa.faaded.Uil, ..coap. ...Quarterly.
ta.Oaneaer
...reg. Jan. A Jaly.

Biaadianaek.

Tka

5-tO-*, 1884
fa, 5-tO'*, 1864

.

Ballroa4a.

Fw aailwla

<^

••,5-to-*,isa8... ...rep. .Jan.
aa,5-lira, 1888... .coop. Jan.
Sa.10 40'*
...reg. Mar.

The roHowlBc Dlrldead* iMTe receaUf baas annoaaead
C^mrAMT.

reg. Jan.

:

Ang.

I

81.

t Jaly
1881
coup. Jan.A Jolj
The United Suum Comptroller ot the Currency famishes the •a.
ta, S-tO-*, Utt
rec May A Nov
folloirinK statement o( Xfttionml Banks orifanixeU the psat week: «*,»W*, 18tS....coap.
.May A Not.
ta.lSSl

Ang.

B

Jaaatl

lOSX

May

is Il7ti

17

JnnsM

t lutv

(itiaKJaQsii
» lOOM Meb. t
>l

MH July

I

nilOI),

Hay

t

Ills

Apr.

I

7;il4
JnnaiO
tlUIMJnn* 1
June Ul t>K Aug. 4

•ThI* lata* ane*M4. aoteitva* aadaaiia* Board.

«.m.«a
allroB* aaA Iseellaaaoaa Stoeka.—The stock marks ^
•n.UUtt has basa abeat as aetive as might bo expected at this aeaton,
The last weekly autsts a t ol the
City Claannff with soma flactuatioo in tone and prioaa. Alter the flurry of laat
Hoaae Bank*, ia»ued Jaly St, ahowrd a daaraaao of ftnjOOO in week there was a decided reactl oo toward higher pricos, and
the eseaas abore tbair 35 per cent, legal raaerro, the whole of during the early part of thn presmit week the tone was Keneratly
such euaas being t»J»l/n\ a^laat |l|,in,490, the prerioas firm. An exception to this waa Ohio and Miaalasippi, which tell

IMbaMM
Haw Terk

Total expert* of epsela

3 per cent to H{ on Saturday last, and has since
batweea that price aad 30, closing to-day at lOf The
aad a eonpartsoa with 1874 and 1S73:
daelloo siMiiiis to be based on the espeetatioa that the dividend on
prafswad stock, due in September, will be passed in consMi u«nce of
-wn.
ItN.
un.
ooeiaMad tamlags and damage by floo<is. To day, Weatem
iaiTM.
Jaly SI.
D\tm
Asa. I.
Aaa.a.
HalqaTabMaph was the main feature, and, after opening at 83i,
njMI^M lATRjnoDrc. U
The market
sold aMRrtoBO^ oo large tales, and closed at Slf
,m ibfM^iw o<c
•i.Tii,Mo
n.m.aoB la the morning waa generally weak, and declined on rumors
aijIMLiaoDec.
Mi;i«MN
ma«t.«n
*"
frasly eif«itlatad that Tarioua houses were in fioancial trouble,
Inc.
OBi<a« atataa ••«•.—OoTerniaaal sanritlea bara ibown tboash tho ebaraeter of these rumors ami the fact ihat prices
quickly roaelad, gave the movement the appearance ot an attack
eoartdi iahle straagth oa a Boderaio boalaaas at the Board.
The
Western roada continue
•baagaa la g>ld aad oneartalnty aa to Ita falare moremeou have purposely made to depress prioas. The
earnings.
had tba aAt« of aallltag the market, bat withoat abaklog out to report a material ineretae in earrent
^or the pnrpoee of showing the total transact loos of the week
any largo aaoaat el boada from the kaads of piaoaat boMeni
have compiled the Ubie following
tka «D«alara af ptHata bankers we ba*e heard of sooie ta tke leading stocks, we
P*«
Union Ohio A
pidte lAka West's Chic. A
large ttaasaetioos. aad la sareral inataaesa the parehasa nf round
Shore. DaloB. N'waat. Brie. PadAc. MI«b. Wab.
MalL
Iota by fiaaadal eorporatloaa.
The aoeeaH mtft with in the salee Jaly 81
800
86,700
1,000
1,400
«,t00
tl.SOO
0,000
.. tS.4M
of aaw BTea abroad, and the steady dsiiisiiil for OoTemmeat Aog. f
800
18,800
800
14.180
8800 8,800
l%400
..
'.fi»
800
1,N0
800
6.800
11800
8,600
i«.too
14.100
boeds here, point lo a probability of a iMsasJ la setlTlly aa soon
••
800
800
•.AO
800
8,800
4
10.400
4.TII0
7,000
..
aa tha gold market beeosMe more settlal
•a
•
800
400
4,800
kwn 18,800 6,800 sjoo 1,400
..
M
g
<Xoilag prtoao of •aaofMao la bondoa hsro basa aa follows
8U0
7.700
1.700
4,000
80,100
7,700
88.100
.. HWO

week.

Th» foltowiag

table

shows the ebang« tiom the previoas week

off about
ft aol gated

—

.

.

.

^

O.B.«s,Mra.MB,aU.
D.B.a*,Mra.i«n

a^la,l*4ra

*!«•
-i-

tnji

mx
MM
mx\u*%\
.„

low

Total

Loweat.

,

'-oti

I

lOtH

iMH

mir
IMM
imx

m

Apr.

J>**

Whole Slock.

BUkaat.

_ iOili
K IMW

P<k. 1«
Apr. It

\MH
IMK

Apr.

M*/

t

100.600
4»t,8S6

6.600
101,900 4<,a00
8J0O
887,866 14«,880 780,C00 887.460

67,800
9.700
800,000 160,0

preceding Uble shows the total nambor
shares of each of the stocks, now outstanding, ao that it may
seen at a glance what proportion of the whole slock has
tttmed over In the week.

The

J'lf »\
Jxlr at

88.700
.JOO.OOO

..

last line in the

i

..

.

.

July

.Y.Cen.*H.«.
Harlem

Aug.

<1.

mUS l»WK
itM

rle

Lake Shore....
Wsbaih
Northweat

104X

«lx

«w

i\

«

Bock laland... IKi,
St. Paul
SSK

van

Aug.

a.

IM :04
•.... 185
14X 14 X
<1
(SIX

Panama

in

131

Weat, Un. Tal.
At. ftPac. Tel.
QalckailTer.
•14H
.

do
pref.
FaclUc Mill...
Adama Bxp.
American Bx.
UaltodSUtna.
Welle. Farto

the

Ttila la

57

57

M

or.v.-t ))id

5X

55

S3X

105V

IWX

108)2

'IWX

34X
TIH T8K
•4X 4,X

23

24

a
•«X

180

13-2

88X S3X
13X
....

^15

•....

23

'31M

•57

44

•....

81X

23X

72X
4
189

82V 83
18
18X

78
4
132

BOX 82X
18V 1*IV
15X 15X
21 X 21X
S8X 39X

81

•78

81

•7ii

1,

—

187S, to datelliKhest.

g.'SX

1

eOXJan.

89
;S

SlJi Jan.
48;< Jan

Mch.

95V Hay
26

Dec. 10

67V Jnne
18V Dec.
S4V July

47XJunelS 62V Jan
lOOXMay 28 lOeji Mch.
SSXJuneia 40X Apr.

51

27
9
July 20
Apr. 30

82V
SiV

19
29
15
Sept. 10
June 19
May 18
May 5
Sept. 8

do
pref
51
Mch. 1
Atlantic A Paclflc prnf. lay Feb. !6
& Mississippi.... ISXAug. 2
Central of New Jersey 105X Jan. D
Del., Lack. & Western.lOfiX Jan. S
Hannibal & St. Jo
18^ Jan. 32
Union Pacific
88
Jan. 18 79X June
Coi., Chic. & I. C
3
JnuelS 9XJan.
Panama
llOXJan. 21 172 Apr.
Western Union Tel.... 70X Feb. 17 84>i July
Atlantic A Paclflc Tel.. '8 July 14 29XJan.
QuicksUver
13
May 14 36 Jan.
do
pref
20
July 16 44 Jan.
PacUcMail
30J( Feb. 10 46% Apr.
.

AdamsExpress

Jan.

98
American Express
60
United States Express. 42
75
Wells. Fargo
Co

Jnne
June

2

1

23

14

8

61V
84V
65V
68^
78X
109V
49V
74V

5

Apr.
Apr.
Aug.
22V Apr.

June
3S% Dec.
92V Jan.
S8V Jan.
29

7

Jan. 18
Jan. 1
60

65
66

17 38V
3 32v
20 118
24 83V
25 20
28 36V
29 48
21 5!V
13 120
8 65V
28 73
5! 84

86 101
39 68
15 14

lOtx Mch. 83

9fi

June
Sept

Sept.

Feb.
Feb.

Mch.
Mch.

Custom
House ,—

1 to latest dates,

are as follows

Latest earnings reporteo.

330,000

4
5

Roads.

Month of June.
Month of June
Ctiic, Danv.&Viuc. Month of May.
Chic, Mil. & St. P. Month of July.
Oin. Lafay. & Chic. 3d week of July.
Denver & R. Grande, ad week of July,
Month of June.
Illinois Central
Indianap. Bl. & W... Monthof June.
Indianap. Cin.& Laf. Month of May.
Intern'l & Gt. North. 2d week of July.
Month of June
Kansas Pacific
Keokuk & Des M... 3 weeks of July.
Mo. Kansas & Tex.. 3d week of July.
Month of Jnne.
Mobile & Ohio
Month of June.
Phild. & Erie
St. L. Alton & T. H.. 3d week of July.
branches. 3d week of July.
do
St. L. I. Mt.iSi South 3d week of July.
St. L. & Southeast.. 2d week of July.
St Paul & a. City.&c. Month of Jnne.
Month of Jnly.
Union Pacific
Atch., Top.

&, 8.

Fe.

1875.
$103,886

1874.
$101,774

11,000
65,182
842,197
8.264
6,653

1,366,615

Central Pacific

Total
$2,651,000
Balance. July 80

Balance.Aug. 6

Nov. 84
Nov. 27
Sept. 30
Dec.
Feb.

1

.

.

699,928
79,3.-i7

145,892
16,110
275,666
42,788
48,931
89,938
887,158
14,515
8,680
67,500
14,233
65,789
1,034,653

749,815
10,083
9,550
692,416
130,164
144,872
15,735
316.a39
31,101
61,995
180,406
313.032
31,734
10,218
56,419
16,740
71,482
850,143

:

1874.

$574,663

America.

6,323,963
244,677

Phoenix
City

810,373
188,082
8,367,288
586,267
681,168
611,844
1,450,287
446,674
1.378,937
783,336

245,136
18S,107
3,615,076
822,693
728,753
602,132
1,619,681
358,881
1,686.465
1,084,270

613,415
302,689
1,798.360
510,714
302,370
6,447,893

648,565
276,005
1,595.636
637.619
373,429
5,413,775

Tradesmen's
Fulton
Chemical
Merchants* Exch'ge.

est.

est.

Leather Manuf
Seventh Ward
State of N. York.
American Exch'ge.

Broadway
Mercantile
Pacific

Republic

Chatham
People's

North America
Hanover

Batnrday, July 81.... 112V 112V 113

Monday, August
Tuesday,

Wednesday,
Tbarsday,

3.... 112V

113V
-...118V 112V
....113

Friday,

113
118

...112V liaj< 118
118

113

113V 113V
113V

...116V 113)i 114

Ourrentweek
Previous week

liav
118V
iiav

U2V

,

Balances.
Gold. Currency.

,

$33,673,000 $1,458,762 $1,693,635
1,226,576
40,137,000
1,392,614
12,901,000
1,079,912
1,221,521
16,370.000
1.703.111
1,921,769
16,784,000
1,031,540
1,432,857
33,824,000
1,802,190 2,688,566

118iW114
113X $1*8,638,000
1181^112
116V 113V 337,349,000

$

$

1,159,900

Jan. l,1875.todate... 112V lllV 117V 113V
The following are tbe quotations in gold for foreign

can coin

:

Sovereigns

Kanoleonn
X X Relchmarks
guilders

Hue

silver bars

Flue gold bars
Dimes and halt dimes...

$> 86
8 88
4 75
8 90
1

V

—

&t»

@
®
»

VI
8 03
4 80
4 20

123
dfs.@V prm

23)4®
90

® — 93

500,000
1,0CC,C0P

MD,OC0

Kaasan
Market

1,000,000
1,000,0('0

Nicholas

1,000.000

Shoe and Leather..
Corn Exchange

1,00(1.(>00

1,000,000

Continental
Oriental

1.5110,000

1,813,543

and Ameri-

—

— 94
— 19
4 85
— 72
— 71V
® - 96

92 ®
Five francs
— lev®
Francs
4 80 (4
English silver
Prussian paper thalers. — 70V(^
TO @
FrussUtn silver thalers..
-96
TradaDollars
,

—

300,000
400.000

Marine
Importers'A Trad'rs
Part
Mech. Ban^'gASBO.

1,500,000
2,000.000
500,000

Grocers'

9'Mi.900

3,846,!i00

1,545,000
8,544,600
3,629.000
3,969.900
3,281,000
1.894,800
1,.)54.400

3,«8,700
1,106,800

4,857J00
K,615,l'00
18,540,100
.%50«,60O
4,350,500
1,829,800
S,467,S00
£,26!,900
l,3ll»,a»
2,746,900
3.551,400
2,275,000
12.i23,0O0
1.641,730
2,269,900
2.740,100
J,48»,800
3,986,700
2,668,400
4,211,900
1,632,200
2,S>6,b00
15.441,200
14,033,500

1,067*10
683,400
968.300

1,000,000

350,000
300.000

Manuf acl'rs'A Mer.
Fourth National

'Th^
19,140,300

5,000,001
3,000,000

Central National...
Second National
Ninth National.
First National
Third National

6,894,617 01

N.Y.Natlonal Exch.
Tenth National

Bowery National.
New York Co. Nat.
German American.
Dry Goods
.

450,900
52,000
321,800
802,000
471,100
33,700
141,800
10,600
«75,S0O
134,700

400
47,900
167,600
34.600
253.000
87,000
29,300
133,500
78,100
120,600
54.tO0
90,000
4.700
96,(00
378,800
6;9,000
38,600
12,600
21,100
21,900
1,000
580,000

Legal
Net
Tenders. Deposits
Dep

7'J9,300

c6«,70O

1,119300

151,200
341,8('U

2.20U,(,'00

4,111,900
1,055,100
715,300
1,083,300
498,700
738,800
308,600
409,000
527,800
716.000
3,173,000
362,300
3^3,900
466,100
318,000
1,333,400
800,000
701,000

1,000,000
1,000.000

S.3WM0

130,400
8,500

1,657,700

243,8(10

Loans

Inc.

Tenders

The following

395,000

2.59,000

425,200
261.000
296,000

208,000

Dec.

»1.S58.5(I0
1,782,300

Inc.

518.800

1

826,400
265,800
6,500

277,800
136,400
286,000
133,300

214,000
700,500
785,000
4.900
488.700
4,000
322,400
468,900

192,400
2,l(B',io6

1,337.000
135,000
437,5001

45,000
49,400
269.6(10

B49,3(«
223.000
180,(100

iS3.42O.8O0
285.316,900
283,600,800
381.396,500
281,401..'00

2)7.997.800
275,217.500
276.707.800
279,397.300
280,866,800
279.558.800

July 3...
July 10...
July 17..
July 34... 377JS49J00
July 81... 378.907,700

Specie.

Net Deposits

Dec.

Legal
Tenders.

are a*
11,062,500
23.100

Dec.

weeks past
Circu-

Deposits

lation.
20,188,400
S0.36S.80n
20.163.100

19.142,000
19.016.600
13.982.500
18.854,800

10.100.000
IU.364.500
10,634,600
11.482.600
10,653,200

58.017.500
59.356.300
61,022,000
63,371.900
<4,«33,300

10,'i08,;00

M,332,500

227.873,300
231.921.SO0
232,129,700
232,890,900
233.424.100
383.163,700

U. 653.300

68.900,-200

2.S4.068.1OO

8.847,(100
13.824.6110

71.491,500
78,S3v,100
70.661.200
73.795.300
79,015.200
79,184 000

235,708,000
245.895,700
250.405 200
250.826,600
252,128,600
361,066,100

16,937.300
16.964.900
17,519,200
15,737 JOO

week

Circulation

are the totals for a series of

Loans.

5
13...
19...
30...

882,800
225,000

181,085,200 1278,907,700 115.737,200 175,534,000 1261 ,066,100 tl8,576.I00

Specie

June
June
June
June

1,781.2(10

17,419.400
6,273.000
1.787,(00
7,159,700
7,342.800
6,939,100
997,600
1,314,800
936,000
1,003.000
4,412,400
1.629,700

deviations from the retains of the previous
follows

May 8....
May 19 ...
May 22....
May 39....

633,000

672,300
836,100
703.400
634,3(C

5.778,300
1,735.000

3,4J«,7()0

2,869,100

1,IX'5,900

204,900
175,400
186,300

1,000,000
500,000
1,000,000
J50,OCC
200,000

!,03.:.600

454,300
Ir2,l00
193,700
2,700

1,232,300
2,368,800
2,831,300
2,410.000
9,918,000
1,706.200
2.149,700
l.«3e,SO0
1 ,079,800
3,412.900
l,70i,500
3,326,900
1,310,500
2,531,200
17,614,200
18,813,100

259,100
640.000

2,357,000
1,912.300
4.288.70O

479,6(10

3,2;R,3('0

4,613,500
6,124,400
422,600
205,500

The

liegal

"l",2i'o

3,99J,700
9,126.000
9.134,900
3.2^1,900
3,912,500
2,223,900
3,129,100

93,900
869,100
506,400
4,600
82,800
2,600

2,inSTO

.<l,16S,-2«)

l,'i41,100

:

31,000

lAfjm
UMfiM

9,50C
518,600
425,800

5,735,200
2,396,000
1,440,300
7,381,600
3,304 .6'JO
2.470,400
1,661,000
1,267,100

6,592,300

1,452,300
3,233,600

tion.
t7,40C

4.665,200
10,003.300
5.517,800
3,490,400
8,910, ;00

2,160,000
595.600
GS8,5O0
1,488,500
910.800
729,900
01,000
331,300
119.300
410,300
323,000

7,069fl»
1954,000

5,164J00

Circula-

'
110,5)5,0110

|l,aa9,00C
1,553.100
3,474.200
1,284.300
1,247,500
3.5i2.aKI

i,50o,rct
5oc,(;oo

300,000

.

339,700
162,900
905,100
41S.a)0
736,300
56.600
234,400
641,300
57,200
379,000
39,000.
35,400

5.H4,irO

300,000

North River
Bast River

1 ,308,21

3,^97.600

800,000
600,000
200,000
600,000
300,000

Irving
Metropolitan
Citizens

Total

Total
Clearings.

440,700

300,001'

2,000,000
5,000,000
10,000,000
1,000,000
1,000,000
422,700
3,000,000
450,000
412,500
1.000,000
1,000,000

Commerce

»2,50S,l«Xl

5,838,r00
9,483,400
7,I21,90j
4.444,500

500,000

MechanlcsATraders
Greenwich

Specie.

tlli,515.0U)

1,000,000
1,500,000

Butchers'&DroverB'

,

ing.

2,050.001
3,000,000
2,000,000
1,500,000
1,000,000
1,800,000
1,000,000
1,000,000

Qallatlu, National.

St.

Discounts.

$8,000,000

Union

<575,1S6
7,847,000
283,644

will

(^notations.

Capital.
..

Mechanics'

:

.

6,168,863 93

following statement shows

Loans and

Merctaants*

show the course of gold and
the Gold Exchange Bank each day of the past

ing.

8,809.823 68
724,534 50
1,184,860 84

:

;

Open- Low- High- CloB-

1,613,048 26
1,180,841 95
2,115,338 43

-ATXBAGS AMOtJKT OF-

9

—

operations of

8,968,094 90
7,033,712 48
36,419,887 84 58.807,915 68
35,225,318 81 59.936,111 10

NewlforK Cltr Banhs.— The

Tbe Gold Market. There was no special movement in
gold in the early part of the week, and the price remained tolerably steady at 112J to 113. Latterly there has been more
firmness, and an advance was made to-day to 114, leading to
rumors in some quarters that a new clique movement would be
undertaken as to this, however, it is more probable that purchases to cover short sales, and rumors of financial difficulties
which were freely circulated in the stock market, were the
It is also anticipated
principal influences causing the advance.
that gold shipments may soon be resumed on a considerable
scale.
On gold loans the rates to-day were 1, 3 and 2 per cent,
per annum and 1-64 per day for borrowing, also flat.
The Treasury programme of gold sales for August includes
15,000,000, $1,500,000 on first and third Thursdays and $1,000,000
on second and fourth. At the first sale of $1,500,000 yesterday,
the total bids amounted to $7,815,000. Customs receipts of the
week were $2,651,000.
The following table

1,855,496 65
754,400 33
1,963,842 12

the condition of the Associated Banks of New York City for the
week ending at the commencement of business on July 31, 1875

Manhattan Co

1875.

41646

1,613,673 86
2.006,120 06
424,022 13

Nov. 7

18

$983,081 11
852,216 91

$793,844 39
560,290 iiO

.

.

842,000
734,000
410,000

8

Jan.l to latest date.

,

$1,315,180 03 $1,360,666 .50
579,0;I3 83
1,088,306 SH

$335,000

95Via

House and Sub-

Treasury closed-funeral of ex-President Johneou.

Jan. 9
Dec. 10

Nov.

at the(JuBtoin

"

9S
96

Sub-Treasury.
-Receipts,
-Payment8.Gold.
Currency,
Currency.
Gold.

,

Receipts.

July 31
Aug. 2

96Va
9BVO
95V®

94vi3 95V

The trausactious tor the weelc
freasurv have been as follows:

9
9
10
9
16
10
10
10
18
30
30

5.14V<a5.13V
41V(» 41V

40V9 41
94vS 9SV
94KW 95)2
94va 95V

(reicbmrks)
Frankfort (relchmarks)
Bremen, (reichmarke)
Prussian (relchmarks)......

Jan. 15
Jan. 16
Jan. 16
Jan. 9

4.B8V<34.89

5.14V@6.13V
6. 14V @5. 13V

B.17)4®5.16V

Hamburg

,

June 7| 93X Apr. 30 69V Jan.
&
Nov. 30
Railroad Earnlnga— The latest earnings obtainable, and NewBankb.
York

the totals from Jan.

@4.86V
5.17va5.16V
B.17V®5 16V

(fraucB)
Swiss (francs)
Amsterdam (guilders)

foUowa:

Jan.
6V4
48
Feb.
18
lOV
22
Feb.
82V Jan. 2 SlV Junel" 36 Jan.
180
Apr. 27 98
Jan. 3 109V Feb.
123
Apr. 27 99 Jan. 2 112V Feb.
30X Mch. 29 22V Sept. 7 34V Jan.

Ohio

4.86V04.87

Paris (francs)

.

3daya
4.89H®4.90V
4.89 ^4. 89V

04. 87V

4.87

6.

4.86

Antwerp

19

118V Jan.

:

1^76.

7,

Aug.
60 days.

Highest
105V Mch. II
7 134V Feb. 18

Lowest.
8
87
20
3

:

,

[August

Primebankers'iterllDg bills
London good bankers' do
London prime com. ster do

81

,|,___ Whole year_1874.

-

.

.

8»x six
looxioix lOlX lOlX
57X 57X 67X 57V
•42X 44X 43
43X

no $ate waa made at the Board
Jan. 1, 1874, to this date, was as

Jane
4J< June
3i\ June

Rock Island

23

;i5X 16X

•80

lljiiJaneSl

81. Paul

fin 72V
*«V 5X

5

14

;

67

Northwest
do
pref

wSX

18V 19X
109K IIU
12UX 120X

'

n

23

78X

57X 'six 67'X
•4JX 45

•42

Lake Shore

X

—

,

firm,
prices close to specie shipping point.
The
supply of commercial bills is quite moderate, and the only exchange of any consequence coming on the market was that drawn
in sight bills by a leading house, against the Syndicate sales of
new U. S.' bonds in Eurupe. It is known that these sales are
made very freely, but as the transaction is ultimately only an
exchange of new bonds for old, the supply of bills from this
source is rather an accident of the moment than a permanent
source to be relied upon. Much satisfaction was given by the
definite announcement by Messrs. Drexel, Morgan & Co. to-day,
that pursuant to arrangement all the letters of credit and circular
notes issued by Messrs. Duncan, Sherman & Co., and held by
travelers abroad, will be caslied or exchanged for new credits on
presentation at their houses in London or Paris. Quotations are

186

14

24

•

A Und. R...IO0 Ua;' S8 107»i May
m^Jau. 12 1!!8 Apr.

Wabash

vxx

89X 40X

57
•4a
81

14

19X VO
10»X lO^K
12CX laux

>09X

8«X 83X
18X la

18

Brie

week

.

upon the whole, and

i.

14X 14X
5»X 6U«

131X '130V 132

•14

ICOX

^-^an.
Harlem

14X 14S
«0X 61X

i»x i»\

19X

:o«x
120X 120X

S»X I9X

lOSV

104

:134X 18IK '134

14

li"

5

and aike^

101

Aug.

5.

6X i\
5X 5V
4IK 4';X 41X 41V 41
41X
55
55X 55X 55
55
5SX
»«»XJ05X lOSX 106
105X 105X
86
8«W 8«X
3<X 33V »k
•5»X ....
MX 59X 59 59

»X

109

TSX

•4
'ISO

lOJV
135

MX MX

M

7»

WX

Aug.

4.

14X 14V

105X IMSX
3«X
59
59X

IW

120
•....

The entire range from
N. T. Ceo.

«1X
4'^X

nx

MX

61

5X

8SX
18X 1»X

•<!
•....

"X

41X
S8X

39)2 *OJi
iiu
too

.

14X

5V

.•••

.

'184

•....ISS

sex
5SS 5»
at.ft Pac.pref. I3)< \3%
18X 13X
Ohio AMIaa... !Sy ilk mx 19X
Central of N.J .'no lioji •US HO

Uel.,L.* Weat IM 12UU
Haa. ASt. Joa. MX
»
"'
Union Paclflc. W
i3X
Ool.Chlc.4kl.C. ••H ....

IWX !03K

104

41 JK

5X

mS »X
60

prel.... •S»i«

Aug.

3.

41

41H nv
pref. tsx Kfi

Oo

.

ForelKn KxehauKe.— The exchange market has been

dally hlKbent and lowest prices have been as follows
SUnrdaj, Honday, Tueiday. Wednaiday, Ttiurtdky, Frld»,

do

:

THE CHRONICLE

132
The

—

;

.

19.921.1(10

19.790,800

ig.iM.eoo

Aggregai*
Clearings^
513.6il.09j
447,921.894
514,257,27^
430.141,55"
482,022,12]
367,122,915
433,739.495
4'24.«64.409
478.9(12.380

379,125165

18301.600

385,»45.749

18,599.400
16,576,100

:i«l.S(M,SSO

392,741,67'

.

August

7,

M rata ruod

Bi«ek>coa«..

133

on Moudaj,

^ nam ^
SB

Boatos
BifUio*....

aroutwkf

Houw

SaafM. L.T. Notaa. Oapotlti
tlJTI.lOO

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aaovarriaa.

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aaouBiTiaa.

PHILADBLPHIA.
mrs AaD oitt aoxoa.

iRSS

PeanaylTanlaSa. coap
do
do roK

1«JU)
tnjuu

..,

CMtnt
Oal*ahl*B...
OoaUsMUI.

MUOD

>Uol
Inrait
rueall HU)

MAW

101

M

—

Balttmora to.l8B4,i)iianerlT
84,00
"
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to,

do
do

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lakor H.Aaarlaa

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aakariiaaaSle...

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do

ISB,

P. • A.,l««I..
^Mar. adoCiB.lk,M.M.a
N....

9«aaaa»aatlk

..

to,

da
IMl<.,lUt,Ta J..
«u
MM., (aaar.) J.aj
do
MM., (praf.)
do a>M.(cr.by W.- a.)J.*J.
do 6a, MM.. ((Bar.) J Jt J.

MaaqaaboatBC Vallay

IU.'4>.

IWM

dn
to, tW07A.aO.
do to,(old.lHO,J.*J.

..

praf.

LmiaSekaTliUI

ST-.:*

^Irat

«X

U M.rnary95, J AI.
Pitub. a ConaeOaT. Ta,*, do

Laklcti Vallaj

ItMoadCQraalia),..
T^lrd.
Foartk
SiaK or Coamaraa.

to, :*r,j.* J....
to.lft>s, A.tf O...

Bait.aobio

do

do

do

i3

H.W.Ta.,

praf.

aat PaaaarlTaala
UasUDtJos* Broad Top

\t:.:v)
t:t.-.A

MIJM

Tfamoat
*«aklactoa

sS

praf

Dmlra* WUllamaport
iBilra* WUllamaport

tJH-JH

•lata
• tfolk

Cenlraii hlo
SO
PlltabnrKb a ConnellaTUIe. BO
BAILROAI) HOMOS.

praf....

praf

lOiSf

IMV

IDS

to, law, qnarterly... INK
do
ao
to,ParK,lllK<, Q.—
do
to, I'SS.M.a S.
do
to, exempt, t8,M.a S
do
do
do
to, IlUi.
Norfolk Waur, 8a
RAiLaoAD a-Tocxa. Par.
Bait a Uhlo-Stock
ito
Waah. BraDeii..lia
do
Parkereborv Br. BO
do
H)
Nerthara Central
Weatem Maryland
80

FtaabnrtM

lUJW

aualltia....

BALTiinORE.

,

Pr««aaa*i...

Bid.

Marrland 6a. doience, J. a J.,
do
to, exempt. 18{r7
WIH
do
to, liW, qnarterlj...
do
6a. qaarterlr

do
••, 10-lS.
do
do
M-H. ii
miadatpbla b, ild
do
te. Dew
AJIaabaar CoaatT ia, ooup..

Mi.lgp

Slab*

t/«lae.

M

BOSTON, PHILADBLPHIA, Btc-Contlnaed.

itmtainent of the Boalon

to the Cle*riog

Uaaltai.

4U*aiic.

.

THE CHRONlCLEi

1875.]

SoatoB itaBka. — Balow we glra •
XatioDal Banks,
Aog. 3. 1875

•

.

IBS

UN
un

do
do
do

tni
Barlaa.

Oartiaeaiaa,Sawar. to,M7l-'n.

Watar CartlBealaa.to,

.....

Ifn...

Oooanl alack, la. Ittl
do
ta. at plaaaar*.
HooBty atock,<a.
do
Markaiatvck.to,

do

OINOINRATI.
Er*V7lTiMaott.iar<N.

S

.^

iaajMaa

UMak
•a

v/mt

p

"ta

...

»»
do

.S». oaoa'.la,*;
MfCto?!^^^

Tallay.to.UMj!!*^
da raa.lM
da
•oa.to.to^nB
v*

Ifi

—

Haai.Co..Ublo6p.o. oaa bda.

do
do

de
J?

Bam. a

Cla..

Cla.
ito'.:!!!

MS

do
latM.,l,im.
.,Cta.aLar.,latU..7
_o
(l.aC)latir.,7,llM
UtUa Miami. 6, lltt
Cla,

i.ai.'ia.e. (til

UWa Miami atoek
\m%

40
do i»,'.m....
_
Wiaiatm tma. M. to, IM....
<o

toPb'ti

WtlBlaa. a Haad..lat M..T, liOD
do
do td Mort.Iia
oajiaL aoaoa

twan Otrtalaa

to, Ii.

Laklak.
ab MoTlaattoa to. tl...
»n,ti...

S
do

T.
eoBT., tl
eODT., (."M.
told,

Moma,titM.,i,ltN
ao l«M., OM
beat. It
<o
'-

>«

to,17to1t
do
Watai to,'l7to16..
do
WaUr Stock to, '17.
do
Wkarfto
do
apaclal tax to of w.
do
J»t.. Mad. A I,latM.(I*M)7, II
do
do MM. ,7,
do
do tat M.,t,tm...
LoaliT. C.a Lax..

la< M./t, t;..

Lo«S.a rr-k., lat M.,6, ^-Tt..
da
IL.to
do
do
«,
de
do
do

Ix>DlaT.Loaa,t.1i

ioih. lat M. (m.a.) 7, -n.
Lea. Loaa (in. a.>6, w-in
do
(Leb.Br.lt.ll
latM.(MBm.Br)7,n»-1t.
laU4.(lab.br.ax)7,-t0.1t

Laa.L'na<«h.br.ax)l,1t
Conaol.«t»l..7.1IM...
/aflkfaoB., Mad. a Ind
Uoal*T.,Cla.a Lax.,praf......
do
do
eoramoa.
LenUTllla a Haahrllla

LOIJIB.

'r?

St L-oala 6a, LoDjt

da
to. Imp., 'M...
dola.boMacar.l(ll
do ll.»oa(acar.lti9
do
iorlp

*...

I.OVIBTII.LB.

in

Bonda

10
Wataili Rold
do
do
do (oaw)
do gnd|« Approann t.to

.

faoiarliaolato.iWB
aekarikHIHaT.lat m.to.TI.
do
Id iii..ia,IH
do
Di. 6a. c.. *t9,

.

Leatarlllato.iataTI

CoBkiV *•>.

a«Bb«ry«Zrla lat .TlL'n.,
Saabarr a Lawlttoa Ii, lit*.,
Ualoa A ritaanUa
datladX.J.eraa. m. to, M..
Warraaa P. lata. la.'M
WaatCkaatar eoaa. :§.'>. ...
Waat Jofaopta«a.to, t*

Baa. a baytoa aloek.

QenabataXaDlaatoek ...
Daftoo A Mieblaaa nock ....
Ip e.ifkfaar
do

U.

•Baa^mDaZ^diaaa 10M

do

Waal., lat M., IMI...
do
lat M., Itia..

.

ii
do raa.iBli
M_
aovaoaT.la.lMt
iaOo^t.I.Co m.>.'»*T

—
rma.^teVAlL

a

do

dab. boada,

4o

60.7.

ldM.,l,T7...
lDd.7ajraar
ladlana, lat M.,7

do

a Baadtaa to, ~M
•lo

1

ldM.,7,-«l...

Ham.a

Daytoaa

Um.U.-u

ao
do
*»

boada, lOBc
D.. lat M.,

do
do

do
do ldM.,7,im..
Colam.,a Xeola,Iat M.,7, 10.
DaytoBaMlcb..latM.,7 It..
do
do
3d M.,7, 14..
!*H
do
do
MM^7,tl..
do To'do dap. bda.f.ll-H.
Mi

'*oia.M M,i,|L
aaa. •. mfe, eoas ItOi

_

bda,';*7jna

do

O'IB..

rhlto«ol#kla

Ip.clloSrra.

a COT.Bndda aiock, praf

Cla.

do
do

aaatoalil,

s

la

7ji«
r.
nneliiaatlBoaili'a RR. 7.Ma<

M

do Ranawalcold to
to (d Ball'M)

doBBawar (
~

.

BkXoa
jklaCo. law Park (. to.
Jo

o>,

:i

AUa rteine aoar. land
lo
*

ABd

rrasla
JtTM. ifaoded).

iBtaraat.

>(SMI

lOls
ICih

.

..
.

. ...
..

————

HX

.

...
.

..

.

XX

,

g.

.

.......

.

——
..
.
.

.

THE CHRONICLE

134

[August

'

.... .
... .

7. 1875.

GENERAL QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
8.

Bonds ana

active Railroad Stoekt art quoted

Bid.

•«mT»TTT««.

aaovBiTiss.

State Bonds.

Bailroad Bond*.

Alabama ba, 1883
do
Sa.isas
Si.lSM
do
8a, 1888
do
;u >.
8a, Mont. * Knna B.
do
8i, Ala. * Chat. R^.
do
of 18«2.
do
8s
Arkansaa 68, funded
-8, L. R. ft Ft. 8. IM
do
78. Mpinuhis ft L. 11
do
7»,1,. K..P.ll.ftN.,0.
do
7s,Ml6«.(>. *U. Klv
do
do
78, Ark. Cent. R. ...

(Slock

ft Saaq.. Ist bonds.
do
do
2d
do
do
3d
do
do
Boston, Hartf ft Erie, Ist mort
guar
do
do
Bur.,C.RaptdB&Mlnn. Iat78, g
Chesapeake ft Ohio 68, Ist m...
ex coup
do
do
Chicago ft Alton sinking fund.
do
do 1st mort
do Income
do
Jollet ft Chicago, 1st mort
Louisiana ft Mo., lat m., guar.
St. Loula. Jack, ft Chic, lat
Chic, Bur. ft Q. 8 p. c. Ist ra.
do
do consol. m. 78
Chicago, Rk. Island ft Faclflc
Central of N. J., I8t m., new..
do
Ist consol...
do
do
2d mort
do
do con. conv
do
Am. Dock ft Improve, bonds.
Mil. ft 8t. Paul let m. 8b, P. I)
.

—

IWX
100

<S
98)4
101
100
100
lOi

Wi

Louisiana 68

do new bonda.. ..
do
do new floating debt
do
do
7a, Penitentiary
«s, levee bonds
do
do
8«,
do
1875.
do
do
88,
of 1910.
do
S8
Michigan «8, 1878-78
68,1883
do
,
78,1890
do
MlMouii 6s, due In 1875
1976
do
do
187?
do
do
1878
d«
do
1879
do
do
1880
do
do
Funding bonds due In 1894-5.
Long bOB. due '81 to '91 Incl..
Asylum or Unlvers., due 1892.
Uao. ft St. Joseph, due 187S.
do 1876.
do
do
do 1886.
do
do
do 1867.
do
do
1/oan, reg.

38
Si

do
do
do
do

loan

do
do
do

.
.

Del.

101

look
lOOX
lOOA
lOOX
H»)i 106
ll»X

.1887.
.1887.
.1883.
.1891.
.1875.
1876,

North Carolina 68, old, J. ft J.
A. ft O..
do
N.C.KB....J.& Jdo
....A.&O..
do
do
do coup off. J. ft J.,
do
do do off. A.&O.
do
Funding act, 1866,.,
do
1868.
do
do
New bonds. J. ft J.
do
A. ft O.
do
do
Class
1
tax.
Bpecial
do
Class 2.
do
do
Claas 3.
do
do
Ohio 68, 1875..
do 68,1881
do 68.1886

"

109
99

110

•Mh
90

93K

94
84

Rhode Island

68
Carolina 6e

South
Jan. ft July
do
April ft Oct
do
Funding act, 1866.
do
LandC, 1889, J.& J
do
Land C,1889, A.&O.
do
0fl888.
7s
do
nonf undable bonds.
do
Tennessee 68, old
do ex coupon
do
do new series
do
do

60

...

do
ft St.

IMX

108
104)4

103)4

ft

Cons,
Cons,
Cons,
ConB.

ft

Han.

S4)4

102
100
80)4
26
8

new bds

1st.

102H 102X
108

109

reg., I8t

Columbus, Ga., 7b, bonds
Lynchburg68
Macon 7b, Donds

Memphis

Dee Moines

ft

Ft.

Ala.
Ala.

Det., Laos,

do
Dutchess

I

83)4

lOlX
103)4

lOik

97
coup., 2d
d<v
93
rcg.,2d
do
Marietta ft Cln., Ist mort^.... 101)4
103)1
103)4
Mich. Cent., consol. 78, 1902 .

Denver
Denver

Lake M. let m
do 2d m.
Columbia 78

1866. .
1867...

do

do

8e

7s,
ft

.

.

.

.

.

ma

.

.

m

.

.

. .

.

88.,

end..

lat

.
.

'2d

end. Savan h.
stock

do
do
do

do

guar...

cooBol.

m.

18.

Btock
ft

A. Ist

M. 7s..

stock
do
do
ft Savannah 68, end
Savannah ft Char. Ist m.78....
Chcrawft Darlington 7b
East Tenn. ft Georgia 68
East Tenn. ft Va. 66, end. Tenn
E. Tenn. Va. ft Ga. 1st m. 7b..
stock
do
do
Georgia BB. 78
stock
do
Greenville ft Col. 78, guar ....
do 78, certlf...
do
Macon & Brunswick end. 78...
Macon ft Western stock,
Macon & Augusta bonds
endorsed
do
do
stock
do
do

Charleston

Pacific 78, gold

do
do

ft

m.

mort. 78.
mort. 78
Gulf, consol

Charlotte Col.

ft Bio Grande 's, gold.
Evansvllle ft Crawfordsv.,78..
Erie ft Pittsburg 1st 78

Evansvllle, Hen.

Tenn. R.
do

do
do

.

2d7s
equip
Nashv. 78.
84
Ellzabethtown ft Padu. 88, con.
do
do
do
84
iBt m. 8b, 1882,8. f. 113
Evansvllle, T. H. ft Chic. 78, g,
do
do consol.- bonds
do
equlpan't bonds...!
95
Flint ft Perc M. 78, Land grant
do
do exmatudcoup.
do
88.
Istm.
76
Sag.
65
Jersey Southern,
Fort W., Jackson ft
New
scries..
conBol.
2d
do
do
consol. 78
do
i06
ft Ind. 1st guar 78.
Grand
R.
do
do deferred bonds..
do
101
IstL. G 78...
66
do
New Y'ork ft New Haven 68.. 102)4
District of Columbia S.658
7f
iBt
ex
G.
L.
65
68,1883
do
N.Y. Central
Railroad Mocks.
68,1887...
102X Grand River Valley 8b
100
do
(Ar'tine previoufili/ quoted.}
6b, real estate
83
Hous.
ft Texas C. Ist 7s, gold
do
lOO
Albany & Susquehanna
80
68, subscription.
Indlanap. ft Vlncen. IsOs, guar
do
ICOH
8entral Pacific
78,1876
96
Iowa FallB ft Sioux C. Ist 78.
do
102
104X
hleago ft Alton
7s, conv., 1876....
Indianapolis ft St. Louis 7a....
82)4
do
108
do pref
do
78, 1865-76
Houston ft Gt. North. 1st 78, g.
65
do
us
115)4
Chic, Bur. ft Qulncy
(Texas)
1st
1st
m.,
coup.
g.
Hudson.
International
69
do ft
Clcvc, Col., Cfn. ft Indlanap.. 49
do Istm., reg... 115
Int., H. ft G.N. conv. 88
do
91
Cleveland ft Pittsburg, guar..
LauBlng ft Sag. 8s....
lOJ"
R. 7s, 2rt m. s. fd. IffiS.. 108
Jackson,
Hudson
61
Dubuque ft Sioux City
60
Jack., N. W. ft S. E. l8t m. g. 78
Harlem, Ist mort. 7b, coup
22
Erie pref
reg
do
SO
Kansat Pac. 7b, extension, gold
do
Hannibal ft St. Joseph, pref... 96"
89)4
7s, land grant, gUl
do
90
North Missouri, Ist mort
IlJInols Central
do new ^Id
7s,
do
85
Ohio ft Miss., consol. sink. fd.
indfanap. Cln. ft Lafayette
6s,gld,June&D(
consolidated
do
do
TO
do
Chicago
ft
Juliet
68, do Feb. ft Aug
do 2d do
do
75
do
Long Island
7s, 1876, land grant
do iBt Spring, dlv..
do
do
Marietta & Cln., Ist pref
101
7s, Leaven, br'nch
102X
do
TO
Central Pacific gold bonds.
9i)«
do
2d pref
91
11.
Incomes,
No.
Joaquin
br'nch
\
do
20
do San
Michigan Central
«3X 64
No. 16
do
16
do
do Cal. ft Oregon 1st., 89)4 90
MorrlB ft Ksaex
102>i 102)1
Stock
State aid bonds lo:
do
19
do
95"
Missouri, Kansas ft Texas.
93)4
8s,
guar
South
H.
bonds
ft
Pacific
Kalamazoo
100
Western
New Jersey Southern
101)4
2X
88,guar
lOlX Kal., Alleghan. ft G. R.
Pacific, 1st mort. bonds
100
Union
N y.. New Haven ft Hartford. 144
Land grants, 7s. 99)4
Kansas City ft Cameron lOs.
100
do
42
Ohio ft Mississippi, pref
96X 96)4 Kan. C, St. Jo. ft C. U. 88 of '85
Sinking fund..
50
do
Pacific of Missouri
do 88 of '98
do
do
.\tlantlc ft Pacific lander, m.
96'
Ft.
W.
Pitts.,
ft Chic, guar.
Keokuk ft Des Moines 1st 78,'76
South Pacific KR. bds. of Mo.
do
do special..
92)1
l8t coup, Oct.
do
75
Pacific R. of Mo., 1st mort. ...
KenBsetaer ft Saratoga
88
funded
Int.
IstCaron'tB.
do
95
do
do
Rome, Watertown ft Ogdena.
pref. stock...
2d mort
do
25
do
do
6
Bt. Louis, Alton ft T. Haute,
Pacific B. 78, guarant'd by Mo. lOOX
L. Ont. Shore BB. 1st m. gld 7b
do
do
do
pref 22X
Lake Sup. ft Miss, let 7s, gold.
Pitts., Ft. W. 4 Chic, 1st mort. 112
Belleville ft So. Illinois, pref.
guar..
lasK
W.
7s,
N.
do
2d
mort
Atch.
ft
Leav.,
do
Bt. Louis, Iron .Mount, ft South.
do Sd mort,
13
Leav., Law. ft Gal. 1st m., 10s.
22
do
Toledo, Peoria & Warsaw
23
Cleve. ft Pitts, coneol. s. fund. lOSX 105X LoganE., Craw, ft S. W. Ss.gld. 20
Toledo, Wab. ft Western, pref.
100
mort
4th
Michigan Air Ltne 8b
100
do
106
do
inixcella neons Ktncki)
Montlcello ft P. Jervis 78, gold
40
Col., Chic ft Ind. C. Ist mort.
American District Telegraph..
''('
2d mort.
Montclalr iBt 7s, gold
2ik 32X
do
Boston Water Power
gold.
Mo., KanaaB ft Texaa
50
Rome, Watert'n ft Og. con. l6t
Canton Co., Baltlinore
Gulf
lst.-n.
lOs.
Istm.
Mountain,
90)4
Ft.
S.
ft
Mo. B.,
70
St. L. ft Iron
Cent. N. J Land Improv. Co.
do 2d m. lOs.
do
ad o
do
do
40
D laware ft HudsonCanal
N. J. Midland 1st 78, gold
32)4
119S(
Alton ft T. H. ,1st mort
A'nerican i:oai
7s
2d
2d
mort.
pref...
do
14
.
do
do
47"
Conaolldanon coal or Itfl
1st
gold
78,
2d mort. Income
21
do
N. T. ft Osw. Mid.
At
Mnrlposa L.ftM. Co., ats'tpald 11)4
2d 7s, conv
do
do
Belleville ft S. III. R. 1st m. 8s.
'3'
do
do pref '•
West. Extension 78
US
do
Tol.. Peoria ft Warsaw, E. D..
Cumberland Coal ft Iron
W. D..
do
39
N. Haven, Mlddlet'n &W.78..
do
Maryland Coal
do Bur. Dlv.
North. Pac. 1st m. gold 7 3-108..
21
do
Pennsylvania Coal
Land warrants
do
do 2d mort..
do
Spring Monntaln Co*l
Omaha ft Bouthwestern HR.et
do coDaol.7i
do
«7X

Texas, IDs, of 1876
Virginia 68, old
do new bonds,
do

Chatt. lat

Carolina Central 1st m. 68, g...
Central Georgia 1st mort. 78..

ft

ft

6s

do
do
do

1st 7s.
.

..

old

ft

Atlantic

Detroit, Hillsdale ft In. RU.Ss.
Detroit ft Bajf City 8b guar.
Detroit, Eel River ft

104)1

68,

ft

do

m. 78,g

Dodge

70
45
40
48
30
35

Savannah 78, old
7s, new
do
Wilmington, N. C, 68, gold.,
do 88, gold....
do
BAILROADB.

Connecticut
Connecticut
Chicago ft Mich. I,ake Shore..
P. 1st

io'
?o

old bonds, 6e

new bonds, 6e
do
end., M. ft C. BB.
do
Mobile 5s, (coups, on)
88, (coups, on)
do

Richmond

,

ft Southwestern RB. 78.
Chesapeake ft O. 2d m. gold 7s
Col. ft Hock. V. Ist 78, 30 years
do iBt 78, 10 years
do
do 2d 7s, 20 years
do
Chicago, C. ft Dub. 88
Chic, ft Can. South. I8tm.g.78
Ch.D.ft v., I. dlv., Ist m. g. 7s
Chic, Danv. ft VIncen's 78, gld

ft

TC
77
83
54
63

6s, new
do
Orleans 58
consol. 68
do
bonda, 78
do
gold 78, quarterly
do
108
,.
do
to railroads, 68
do
Norfolk 6s
68
Petersburg

Chic,

Dan., Urb.. Bl.

penBlon

New

88

—

100
9S

88
do
AugUBta, Ga., 78, bonds
Charleston stock 68 ..........
Charleston. S. C, 7s, F. L. bds
Columbia, S. C.,6s

Valley 7a.
Western 1st 78 ...

101 H;

coup., 1st...

88

10s,

Nashville

Fox R. Valley 8s
ft Warsaw 8s

American Central
102)4

.

Detroit, Monroe ft Tol. bonds. 100
103
Buffalo ft Erie, new bonds
101
Buffalo & State Line 7s

do
do

ft

BO
94

..

108,ofl884

Montgomery88

Illinois Grand Trunk. ..
99K Chic, Dub. ft Minn. 8a..
Peoria ft Hannibal R. 88.
Chicago ft Iowa R. 8s...

Ash., old bds. 101k

Kalamazoo ft W. Pigeon,
Lake Shore DIv. bonds

75
70
50

2dm.,

Ist 78, golc
7s, gold, conv..
Land grant 6s,g
Central of Iowa Ist m. 7s, gold
do 2d m. 78, gold
do
St. Paul 88...
Carthage ft Bur. 8s

Qulncy

.^.. 102

do

112

112
32)4
55

Calroft Fulton, Ist 78, gold ...
Calif ornia Pac. RB. 78,gpld...

Dixon, Peoria

90
48

Atlanta, Ga.,7B

do
4th S., do 8s
do
5th S., do 88
do
6th S., do 8s
do
do CreBton Branch
do Charlton Branch
Bnr.C.R.ftM. (M.dlv.),g. 78
68,

101

102
98

ciTiJia.

do
do
do
do
So

O. O.

new bonds

do
do

Land m.

Keokuk*

conv. mort. ..
Illinois Central, 7 p. c, 1875....
Dubuque ft Sioux City, Ist m.
2ddlv.
do
do
Cedar Falls ft Minn., I8t mort.
Indlanap., Bl. ft W., 1st mort.
2d mort...
do
do
Mich. So. 7 p. c 2d mort
Mich. S. ft N. Ind., S. F.,7 p. c.
Cleve. ft Tol. sinking fund

do

do
do

do

8s,

Cleve., P'vllle

c

Central Pacific

Erie, 1st m.. 1877.

do large bda
Jo. land grants

do

&TATKB.
Texaa State 68
78, gold
do

ft P. Peak, 6b, gold..
Atlantic ft Pacific L. G. 6s, gld.
Atchison ft Nebraska, 8 p.
Klv., stock
Bur. ft
7b..
do
do
2d 8., do 78..
do
do
SdS.,do 88.
do

do
Canada ft Southern

nx

Brokers' Quotattont.',

.

Atchison

Mo.

20
96
40
60

Sonthern Securities.

'93

.

.

do
Han.
do

City 7s

M

25
92)4

So'eastern Ist 78, gold.
I. Mt. (Ark. Br.) 78, g.
Southern Central of N. Y. 7b..
Union ft l,OBanBport78
Union PacWc, So. branch, 68, g
Walkin Valley Ist 7s, gold..
West WlHconsln 78, gold...
WleconBln Valley 8e

'95
'85

"

••

Newark
Oswego

.

ft

.

102)1

SO
as

81)4
59
75
90

.

St. L. ft
St. L. ft

Ponghkeepsle Water
sax BocheBter City Water bds.,
82X Yonkers Water, due 1903 ..
90
BAILKOAOS.

Lack, ft Western, 2dm.
78, conv.
do
do
Morris ft Essex, Ist mort
2dmort
do
do
bonds, 1900.
do
do
construction
do
do
do
7s of 1871
do
do Ist con. gold..
do
Eric, Ist mort., extended
endorsed
do
do
do 2dmort., 7s, 1879
78,1883
do .8d do
7b,1880
do 4th do
78,1888
do 5th do
do 7b, cons. mort. gold bds
Buff., N. Y.

Ist m.,

Park

do

Elizabeth City, due
92>i

C.,C..C.ftInd'8.l8tm.7B,6. F.

Long Dock bonds

Undson Canal,

StouiCltyft Pacific 68
South Pacific 68, gold
Southern Minn, construe 8s.
78
do
St. Jo. ft C. Bl. let mort. 10«.
8p. c.
do
do
St. Jo. ft Den. C. 8s, gld, W. D.
do 88, gld, E. D..
do
Sandusky, Mans, ft Newark 7s.
St. Louis, Vandalla ft T. H. 1st.
2d, guar.
do
do
.

(Brokers' QitouiUone.)
OITIBS.
Buffalo Water

83
do
2d m.
104'
Chic, ft N. Western sink, fund 102H
Int. bonds
do
bde
96>i
consol.
do
90
exl'n bds
do
100
1st mort.
do
cp.gld.bds >»'A 88X
do
reg. do
do
Iowa Midland, Ist mort. 88,
Galena ft Chicago Extended..
PenlnBula.lst mort., conv
98)4
Chic ft Milwaukee, Ist mort..
Winona ft St. Peters, 1st mort.
2d mort..
do
do
Del.,

ft

92)4

ft

•

'91

100
75

93x
92
10

Watertown 7s
Bondoutft Oswego 7s, gold...

nil»cellaneons List.
107

Istm.C.ft M.
Consol.

Rome

1884
do
18ri
do
lOlX
Long Island RR., 1st mort
South Side, L. I., Istm. bonds.
Western UnlonTcl., istm. 7s.

78,gold, R. D,

Ist

ft L. M.7b, gld, end
do 7e, gold...
do
Pullman Palace Car Co. stock.
bds, 8s, 4th series
do
Rockf 'd, K. I. ft St. L. let 78,gld

do
do

114
1U4
'.oev

70
45
ss

. .

Port Huron

PekIu,Llncoln ft Decatur, iBtm
Cln., Lafayette ft Chic, IBtm.

102

mort.

ft J. IbI

PeorlaftKock I.7B,gold

Lafayette, ni'n ft MIbs., 18tm.
Han. ft Central Missouri, latm.

UOX

Tiiodo.

do

Peoria, Pekln

1st mort...

Iowa,

«0~

Rome 7e, guar

ft

be.

Bid.

SSOtTBITin.

Oswego

81)4

ft

Illinois ft So.

Istm.l.ftM.D.
Istm. I.ftD..
Istm. H.ft D

1878. iiu

do

si'

l8tm.,LaC.D.

do
ci't'
Canal Loan, 1875. \i>
ist;, no
do
gold reg...
do coup.

100

.

'

68,
68,
6b,
68,
68,
68,
68,
58,

lOSJk

m

89

t8K

109)1

—

.

Warloan
do
Kentucky 68

New York Bounty

Price*.)

Albany

Uallfornia 78

do
7«, large bonda
Connecticut 68
Georgia 6«
do
78, new bonda
78, endorsed
do
do
78, gold bonda
Indiana 58
•^'
Illinois 68, coupon, 1817
187»
do.
do

Exchange

Bid.

BK017B1T1K8.

Wabash, Ist m. extend
Istm.St.L.dlv
do
do
2dmort
do
do
equlpm't bda.
do
do
con. convert.
do
do
Hannibal ft Naples, Ist mort..
mort., 1888
Ist
24X Great Western,
2d mort., 1898..
do
Qulncy ft Toledo, 1st mort. 1890
Tol.

may

Price* repreaf.nt the ver eent value, whatever the par

on a prenout page.

Charleston let 78.
2d 7s...
do
stock
do
Memphis ft Little Rock l8tm.
Mississippi Central Ist m. 7s.
2dm.es...
do

Memphis

ft

do
do

.

Mississippi

ft

do

Tenn. Ist m. 7s.
do consol. 88.

WeBt

Montgomery

ft

N. Orleans
do
N. Orleans

ft

Jacks. 2d m.

ft

Opclous. lBtm.8s

P. 1st

do Income
do
Mont. & Eufaula 1st 88, g. end
Mobile & Mont. 88, gold, end.
Mobile ft Ohio Bterllng
do ex certlf
do
do
do 8s, Interest
do
do 2d mort. 88
do
do Block
do
do

88..

certlf 's 88.

Nashville* Chattanooga 6s...
Norfolk ft Petersburg letm.Se
78
do
do
2dm. 88
do
do
Northeastern, S. C, 1st m.

8s.

2dm. 88...
do
Orange ft Alexandria, lets, 6b.,
2dB, 6s.
do
do
3ds, 88.
do
do
4th8, 88.
do
do
Blchm'd ft Petersb'g Ist m. 78
Rich., Fre'ksb'g

do
Rich,

ft

Danv.

ft

Poto. 6s.
do conv.78
.

let consol. 68.

.

..
8outh8lde,Va., I8tm.88...
2d m., guar. 68
do
.

3d<n.68
do
4th m.88
do
Southwest BR. Ga Ist m.
S. Carolina RR. Ist m. 78, new
68
do
7s
do
Btock
do
West Alabama 88, guar
PAST DUK 00TJP0N8.
(Tennessee State coupons
Virginia coupons. ..
,

I

I

consoLcoap
(To
Memphis City coupons

87
56
70
62
78
80
78
50
43
55
40
43
65
80
TO
84
48
35
87
50
38
75
80
88
90
90
65

K

»
5
s
S

August

THB CHRONICLE

7, 18(6.]

NEW YORK LOCAL
••k
COHFAVias.

185

SBGURITIES.

stock Uat.

Insurance Stock Uat.
(Qoouiloni bj K.

PBioa.

Cafitai^

CoMr^aia*.

s.

Bui.it, broker, H Wall

NbtBitb

DnriDauBs.
isn isn ISR

Par Amounl.

mt

AdrlaUe
JtlB»

Am«Heui

Aakd

Joly,T6..8

...

Kzeh'e.

M,1M

Amity..
Arc tie
Atlwtle

Bowery

PaioB.

Laat Faid. Bid
Jnly. "TS..!
J.n..'7J..7

ARwrlcaa

Btewera-

ttrcet.)

Jalj,'tJ..J
July,'B..4
July, IS. .5

MS

Jal),1s..s
Jane.'Ts.ls
July, *49..B
Aa(.,'7S.10
Jniy. *n.a>
JnlT'Ti..:0
AnK.,*73.IO
Joly, T5. :0

.

* MlM'n

Broeiwey
Brooklya

CIUmm'
City

CUnloa
Colanbla.. ........

Jttiy, "75, ,5

rommerce

July, "a..
July^TJ.lU

Fir*....

Coamrcld

COBlUeatAl
Kacia
nniUreCtty

JolyTS.. B
July. IS. 15
July.TS .1

»
» 9
10
10
10

a^ortmn
KxeiMam.
Pemvot

130

Inly. "W..

»

Joly,
10
JulT,TS.1X
jBly,"B..i)
Jnly, "75. .6
July, T3..a

PlremeDl
rinnen'ePutf....
nraBeB** TrmM...
e*kk«r4

AOf .,"75. .5

OenMB twericM

Jnly, "n..
Jnly, 15, .5

0«nuate.
Olob*
Oreaavteh.
Oaardlaa
..,,

i»"
1»

Jnly.'7S..10

Jan.,'7S.e
July,

sai

"15. .5

JUIT,"T5..I0
July, "75. 5

lid"

Juy,':5..5

as

ILt

Jaly,'75..9

Joly,T5..5
July.TS.. .0
Jnly,-;9..<
Jnlr,';»..5
Meii.,'B..i
Jnly. "15. u>
July, ni.io
July, TS.lf
Jnly, '.5. .5
Jnly,":s..5
July, 49..>

ai>

i«

Jnly."5..5
Jnly.
Jnly,
Jaiy.
July.

liaak.«Trail-n' ..
t .>a alre-(Bkly»

a •taaaliU.

"75.
TB..!
"75.10

75.

.5

July.tS.J

MerakasU'

Jnly, 15.1U l«0
jnly. 19. .5 78
Jnly, 15.10 ITS

MeWOMinaa
Maalaat^a'klyB).

in

Jui.s.'TS.IO

Jnly. 15. .« 110
Inly. "B. 10 MO

giwToBiFra.::
](. T. * taakara..

iM,«gi

llhMara.

NoTtkElTar

Aoit..1!i.lO

IHI

Jnly. IS..
Jnly. IS..
Apr., IS.:!

Ml
110

'S
l«
IM
110

lU

Ji.ly,11.»

Jnlj.H.lO i«

wutn

Jnly.19.10

Wl

Ja

i«
MS

T. '75.10

July,
Jnly,
Jnly,
JniT,
laiT,

IS..

15.

•\x

m

.«

It 5

•s

1t..5
1S..«

110

B

IS

I
,15.10

'^

*or/n..s

I
rdwy.

IT

Jaiy.lS.M
Juir.isis

14

It

10

'l»

Jaly,15..l
lio

capital
ff

t>a

(!«, >w<—» baaa

III

reb.,-:i .1
July, 15.10
Jnly, 15.10

In Ja ytis-io
and proai acnn

Tar and Weatcbeettr, aad
4aelar«4 aat of alwTa
ab
aat wrvlBa,

ar
V per cent

City SMtimioa.
Bwk«f. m Wall

(QMt li a ao »y PAin»L A. Mobajt.

«ttaat.]

PIIOB
Boadadae.

MoMta rayaMa.
r«fe„llay

do
«•

Aat,* Not
do
do

t

t

MWAKSTaBber.
rakMltoy Aac,* Mot.

t

Bid.

lOiMO

iSEitii
iis*-im

101
-,01

no

IKR-ll
in«-««

101

101

•J
100

101

•7
109

no

101

10*

107

iif

110

10 »f

IIOI

Mar *

RoTcnitier.

do

dc

]:
do
do
do
d«

is,

do
do
do
do

Janaary*
Jaaaiiry

•v«ncaboa4e.

AaaMBMBi

bo«d*.,.lf)0-7I.

laipr«Ts«a«at (Maoa

um-m.
MnM bo*4e
JraalSa K)ao<alloa» by M.

Jaa.,

IKl&r loaa
ciiy boada

Sln« Co. bonda-

AU

so

da
Brooklyn boada Oat.

,

..

Joljr

July.

uo
do
May, Jnly A Nor,

ins
IKM-HI
IS7S-15

wn
MM

w«-«

im

do
do
do
do
a«
do

Msr *
«o

A

July,

do
do
do
do
do
do
MoTaabsr.
do

•:oi
101

int

110
lUI
•lOH

int

i.a

Ml

IW

lonia«>-iMa
lao-Ti

n

h

Id

in

IMM

wi»«

lit
10<
lot

lU
104

w

15

N
n

101
10*

lot
101

ino

im

;08K

101

ins-«

lot

l«)t

lan-ts

104
101

in

'.01

iTo'*

IV75-OI

INS
Jaasary and'Jaly.
mt-iion
BBaae.Jr., Broker, Vi Wall It,]
jAOOary

rarfM
WaMrlaaabo
BHocaaosMM

A

lOjH

•0
lul

i

rak^^Vay. An*.* Nor.

•a
lot

jgo^

A«k

l*15-t«

IMS
1*19

ltO*-l«M

un-ts

Wl

imx
:ci
101

IMO-ai

114

MB-dU

101

Mi
iS

,.

.

THE CHEONICLE.

138

[Angusl?, 1875,

SxporlD or LieadlUK Arttclea from Newr YorK.
The following table, compiled from Custom House returns
shows the exports of leading articles from the port of New
'^
York since January 1, 1875, to all the principal foreign countries,
and also the totals for the last week, and since January 1. The
last two lines show total values ,\nc\ad\ng the value of all other
PuiDAY NiOHT, August 6. 1876.
articles besides those mentioned in the table
of
business
departin
some
revival
partial
been
a
has
There
7, 7?
,00 ^ A-*-.f OOQ* ^ a6«« n .*
Pro'onged rains and severe floods have
ments the past week.

^l)c

Commercial ®ime0.

SySiSRClAL EPITOME.

,->

Ohio valley and other portions of the Western States,
and caused much injury to the growing crops cereals have suffered most, but the injury has extended to tobacco, cotton, etc.
Latterly the rains have cea»ed and the floods are subsiding.
The
Railroad transportation hag been greatly interrupted.

visited the

w-^

!<

wa

^ v

CO

00

;

.-•

tf3 •'*

4,081

g>ork
Tobacco, foreign....-

bbi9.
bales.

Tobacco, domestic

hhds

43,855
21,785
31,254

Coffee, Rio
•CofTee, other
•Coffee, Java,

bags.
bags.
mais.

73,8M
39,M5
22,895

bags
4,.305
.hhds. 1-13,372
boxes. 8i,786
bags, etc. 240,906
bhds.
1,652
bhds.
4.746

'Cocoa
Sugar.
rgmntr
Sugar....!'.'.

Melado
Molasses
Molasses

bbls.

Tar
bbls.

cloth (Cal.)

bags
Linseed

I

bags.
bags.

Saltpetre

bales.
Dales.
bales
bbls.

Jute.

^^ (O oo <o

V ^H at-

9'^2t-

P

•

o «• '^

00 5* -^ eS 51 35 OS 55 CQ a*

oo-*

S --2

:§|

2.000
217,400
76,645
65,.374

12,700
6,300

None.

14-2,167

13,500
19,100
26,900
65,688

16,500
10,210
5.703
89,000
1,600

°si

Si:*

-^

f-iO»

,

riOOU

*-•

's

oa^
:S :S|

n
300

to

o

S

:

:

SOOT

3 .25S2

:

S SI

:K .S .g

:Sg

:8

:S

-S

:g

:

a-

isi

•"'IS
?i0

9-.

touSob

to to

Eii?

o

Jntebutts
Manila hemp
866
Ashes
speculation in pork and lard sprung up on the reports of
injury to the growing corn crop, by which it was thought the
yield would be cut short. Mess pork advanced to $31 60 spot
and August, and $21 70 for September, and lard advanced to 14c.
on the spot, 14ic. for September and October, and 13c. seller the
.

I

5-^

24,678
5,457
167,541
33.902
181,024
13,619
9,818
2,500
213,100
110,846
65.606
4,519
6,812
3,500
970
8,050
8,ino
83,000
15,500
12,614
3,300
92,350
1.166

5,23(i

250

tcs
bales.
bales.

7,600
72,054
5,953

1-2,724

3,466
4,936
4,750
2,150
7.600
1,900

and

t

<

1.

4,685
49,859
9,009
40,356
44,207

14,5,33

89,705
65.700
7,309
2,722
22,500

bags.

Hlce,B. I
Hice, domestic

July

190,000

3,500

bales.
bbls.
bhls.
bbls.

1.

3.076
44.429
11,607
89,877
46,182

1.54,799
31,.399

No. 181,900

Hides
Cotton
Rosin
SpiriU turpentine

Gunny
Ounny

Angnst

1

sndbbls.

Ac

<;;

r^

eg'

-1875.

1874.

August

^'

Qi^

:

tcs.

^ssisi^s

Cf
_ « 00 fi ti^sg^'. oB
^
m CM «^ p
ec —
c-

reported damage to the crops caused a revival of active soeculalion In many staples of domestic produce, and a considerable
advance in prices took place; but with the return of better
weather, speculation has subsided and prices in most cases have
There is, however, notwithstanding these
partially receded.
•drawbacks, a considerable revival of regular trade.
The following is a s'atement of the stocks of leading articles
•of domestic aud foreign merchandise, at dates given

•Beef

«i -^SC

t*

-SSS

Pej —

I

£«

-^z

'

3
H

N-

Oi^-V t-

r%

o »- o WOT
« 04 rH r« W
t~c5

toad

A

hog products have been dull, and yesterday the
whole market developed weakness. Beef is scarce and firm.
Tallow has been active and firmer, at 8|@9c. Butter has remained
about steady. Cheese has been active for export, but the supplies
having Ijeen very large, prices have been barely sustained at
llj@12c. for prime factories. To-day the market was firm but
quiet, at $21 60@21 65 tor mess pork, and 14jal4 3-16c. tor
prime steam lard, seller September.

r^^

DO

-Soo

If

»to'o#

year, but other

grocery trade has rather recovered tone. The stock of Rio
has been increased by liberal receipts, but, with favorable
foreign advices, prices have ruled firm Kio, fair to prime cargoes,
ISiOSOc., gold. Rice has been quiet for domestic, but Rangoon
has been in demand for shipment to Cuba at 2i@2|c., gold, in
bond. Molasses is higher at 38c. for 50 test, but closes quiet.
Sugars are quoted ^c. lower, but with a better demand at the
The large stocks are carried with much confidence.
decline.
Kentucky tobacco has ruled firmer but quiet at 8i@llic. for
lugs and l3@24c. for leaf; the sales for the week embraced 550
hhds., of which 400 were for export aud 150 for consumption.
The growing crop has been much injured by rains and floods.
Seed leaf has continued quiet, but prices have remained about
steady the sales embrace: Crop of 1870, 37 cases Connecticut at
8fe.; crop of 1871, 50 cases Pennsylvania at 21c.; crop of 1873, 44
Connecticut at 16@16i^t-.. 50 cases do. on private terms, 114
Ohio at 7i@13ic., 162 cases do. on private terms, 160 cases
State at 6i'315c., 65 cases do. on private terms; and crop of 1872
and 1873, 113 cases Pennsylvania on private terms. Spanish tobacco has ruled lower and fairly active the sales were 500 bales
Havana at 85c.@$l.
Ocean freights have been fairly active ; berth room especially
has been In pretty good request, and as the supply of room is not
Charters, on
large, rates have been mainiained with firmness.
the contrary, have latterly shown weakness, and not a little
Late engagements and
decline and less activity was noticeable.
charters include: Grain to Liverpool, by steam, 8i<a9d. do. to
London, by sail, Q^d.; do. to Glasgow, by steam, 8i@9d.; do. to
Cork, for orders, at 7s. !)d. per qr.; do. to the Continent, at 7s. 3d (3
Refined petroleum to the Baltic, 6s. 8d.@63. 6d.; case oil,
7s. 6d.
to the Mediterranean, 28c. gold.
To day, charters showed a
further decline, but berth room was firm grain to Liverpool,
by Bteam, at 8i@9d. cheese at 453. grain, by sail, 8i@9d.

^<lS*ooo .©
2

.t-

.o-s

2SS

o'«

"*

.•X<=>f*

;SS5;

.

QOO

The

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.coffee

-S22

-S

is :-

:

e»

;

mm
«2
5P

-SSS3S
to©*

.sm

^^

^'0D«

to

otto

;

It

:g

:S

:B

:S8

I

I

.ooor00 t&^
'OS OS

3

•

"30 in

^ ,- .4

;

;

m
at
8

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:

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ai

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^333^i

;

to Bristol and London, by sail, 9}d.; and to Cork for orders, 7s. 6d. per quarter ; refined petroleum to the East coast of
Ireland at 5s. 3d., and naphtha to Exeter, 59. 9d.
In naval stores only moderate transactions have been reported,
and quotations are barely steady at 31i@32c. for spirits turpentine, and $1 65@$1 70 for common to good strained rosin.
Petroleum, at the close, was firmer, owing to limited offerings and a
refined in bbls. for spot and all August
better export demand
delivery, lljc.; crude, in bulk, quotedj at 5i@5|c.

o>

'»o'oo

;

;

-s

?««>' 'SE

Grain

OS

a!

o!

:I £

9

5
^

:

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oo

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r

Augost

;

:

THE CHBONICLE

7, I876.J

OOTTON.
Fkidat, p. M.. AaguBl

Bj speoUI telegnnu reoBived

6, 1875.

from the Soathern Porti
showing the receipts, export!,
Ac, of oottoQ for the week eoding thi* eTeoiog, Aag. 6. It
•ppean thM the total receipt* for the levea days have reached
3.06S balee, agaiuat 3J77 bales lart week. 2.513 bales the
prsrioiu week, and 3,488 bales throe weeks since, making the

wears

:

to ni^bt

io poaieasioa of the returaa

39

J

hundred thoasand bales. O^ Wednesday quotations were reduced
4c. and on Thursday continued weakness was developed, all spirit
having departed from the market. To day, there was very little
doing, but with gold higher a steadier feeling was
observable.
For future delivery the fluetoatioos have been wide and frequent, and often very irregular. The Mississippi overflow
had
but a temporary influence in siimulating prices; while from
other

points the crop accounts w^re improved soon after the
opening.
Yasterdav, the market quite broke down, without apparent cause,
first of Septesiber. 1874. 3.475.737 bales,
and (or the later months prioua were lower than in the height of
agaiBOt S,7S>7.910 bale* for the aain) pariod of lSr3-74. showing a the recent panic. To day, there was more firmness, the early
rfsnrwsi aiiMa September 1, 1874. of 888,173 balea.
The details of months being ^c and the later months 1.16<gi3-33c higher, but
the demand was moderate. After 'Change, there were sales
at
tha reeeipu for t its week (as per tnUgtapb) and for corresponding
13 15-16c. for Oct. and Doc, and 14 5-lOc for Feb. The toUl
waaka of Ave previous /ear* are as follows:
sales for forward delivery for the week are 162,700 bales,
including
free on board.
For immediate delivery the total
sales foot up thU week 6,387 bales, including 1.933 for export,
4.444 for consumption, 10 for speculation and
in transit.
Of the above,
bale* were to arrive.
The following are the
oloaing quotations
total receipts since the

Haw ClaaalScatloa.

Stm

Texas

Orlaaas.

.para,

««040r«aary...

Tha esporta lor tha week eadio^ tUa ••laic r««eh a total
of 2.713 balsa, of which 1.913 wera
Great Briuln.
to
Fraoee, and 800 to tha reat ot the Ooallaaot, while the atoeks,

bevMIMUaa....

tiK*..

tttitUaT^.....
••QaMiMiiaa...,
MMdbBcralr....

«»•..
UK*..

r»lr

I*W«

M

Below ar« the

bal«a.

for the oorraspoading

**AM*«.*' • .•rll.

WMk.

Coatlai

Pfaa«>

m

.<l«« urlaaaa
Mobiia

Um.

ItN.

1

OM

tl.«H

•a

Ohanaslaa...

Cat

JmaMk....

Total

Mac*

1

M

'•»•»••»

aaa4«f

...^•

.

r«a*iar

...

........

4

m
-•iii

14

ifiU
*4I

«

It
1:

MR

....

l,"9S

•••

14H

i.sa

a«a.

1.IW

'4.UI

14 h,

>4>i

tha salaa and pricea

m

..II

XMB...

UMH

,14 8-l<
...14 l-St

l^*Oar

New OriasM

lolscrmiB fia«

to-algbt

•

Tha followiag U<arasual

ol eottna al all

i.:(w

ii-a

Mi

shows that

»M

tha port* from

(ablt

!4«pt.

I

400
lai

For Jaaoarr.

IW
WU
•ao
<
MM
|J»

no

m.

i4i«i

D
HP
«•
m

.s

is.i<

K-tt
14

»a

1

an
iw.

UK
vS
;«

14

....It t-ia
.. 14

•Jl»

Ilji
14

•«

...14

rts

i»«

14

UH

_

MM MJM total Xov.

n^

,

—

tm

—

m..

..in

uSa

ia«

oadar ika k«a< «f
l»

lacladstf

Ci«

Tb« aarkM o^mtA (ba w««k bnoyaat for cotton on the spot
Tba raacUon. wUah had aat in at th« aloaa of our last waa oooitaoad wMh ma«h Ttgor, aad on Mood^ ^oetotloea were marked
up i«., Mtaktaf |c ffMB the lowrst polM. Tk« chtaf elemeota of
treagtli were, the saall sloeks. tha ataady splaaing demand,
flrmer ivporta (rooi Uvsrpool ao'l tba Mporta of drooght la tha
Atlaatie Siataa, MgalbOT with the oroHfew of the Mlraisaippi

Blvar ia A rk sa ia aad Twa esa r thraat«nlac aioro or Iras injury
la tkoae aeetioea.
Bat Ute improvanaat waa not suataiacd.
Raiaa fell in the CamUaaa aad Ueorgla aad Alabama, Io the relief
of tha dfooyht, aad it waa daimed that tha ororflow of the Mia.

wtll not, at tba woiat, cut

tha erop abort mora thaa a

l»«

.14
14 tl«l
II l|.|(
14 It l(
14
!4 si-a

.14

s.-

ii'fi

i/a>..
i,an..

i£;;

l4l-«

an..

.

..It

ijog.

a.

a.

J-O
Ilk

»a

....It ;-i4
...II ISO

l-M

n^t

n

ut-it

AprlL
For Mar
total

100..
lOI
.

an
Ml
7m
MM

.

..At
14
...14
..

l*.|«

n«
n«
IS

isi4>

UI44

i.an

UH

lOU

119-1*

l;M> total Maj.
For Joaa.

ai4B

100

!!!ii'r:4i

Tbatolloarlag axehaagea bava boaa
•-s. pd. to *ick. lOO Sept. for Aas.
tOOaiit.

Ma

Vn

....14
....14 f-l(
...II ll-S<

.!• l»-lt
.11 H-*>
..
II

EOD
«•)

an

.I4».l«

It IMS
tt-M
.ar.n

.

rut

aMaLAs.:

U

an

14X
Jan.

'.'.'.iV'iiiS

MS
IM...

UK

i.aa

tmSirX^m

I4y
U-il

TJoatoalMaroh.

ao

14

..!«

tnt Ootoftar.

laaiodad Psn
>aa

tl-S

14

14 i:-i«

MIMl
uti-tt

:4 %-\t

/or /«brii«rT.

WJHialattapt.

la

UH

•M

'.'.'.'uiMi
...14 rit
...14 IMl

list

Uttfi

har.

11

».M

14 it.s4

4m

HU

»/at toui
IJM..

Jlraai

""" '* "•isliaa.i owlw

14(4

It

UU

.

ll«

... II
... 14

|»ltala.

Oaasr l»a aoaa a« OtirHii

n»t

lU)

....I4S-I*

'

f»-

mjM

14

ll<

11

...M»a

..u»-ul
aarv.

IVU

ror Apill.

m.

IaaroaraB •laea

14

II

100

.14

arippi

u
M

an)

sbuwing the movemaat

to Jaly 90, the lateai mail

lolalDeo.

u%

14 7-l(

an

:

dataa:

'

SJD» tout Pab.

»Ji

lUU

abova azporta the amount of eoUoo on shipboaH. and
•iracad tor ahipoMat at that port, ia
loilows
For Liverpool,
8,000 bat«: far Havre, 8/100 balea; tor OoallaMt.
baiea
foreoaatwlaa porta, 900 balm; total, 8;I00 balsa; which, if d*dnetad from Iha alaek, woald leave ItjnO balaa reprsaeotlnit tha
qoaatity at tha l and t oir aad in praaaeaoMold or awaiting orders.]
From the rnroKoliig staiaiavat. It will b« aaaa tbat.ai>«ipar«d
with the eorraapoadlac waak <>' last ss— aa. thara Is a <f*«r«4««
la Iha axporta this w««k of G.I.I! jaloa, while the stocks to.
alcht arv 19.390 bala- <«ss thaa they w*ra at this time a year

'

.14 tl-ii
1411

.

an..

for Mareh.

wH aa the

*

Dalaa.
aoo

1.WI...

.14

fi ffl . li

....

:

i'.'.iV

ffo.

....

forward delivery the salaa (Including
free on board,
bav* reached during th» week 183.700 balea (all low middling or
the
baais
•a
of low inij'lli'i,r),\ad the following ia a statement of

•Tto

b

...

FW

4.10)...

mJJS

Mia

OrtfTr OT*tt. Midi's. sunt

M

«

«»'
•44

:;

*aas««U)

>•

LOW
Tetai.

•11.

iMlaa.

..

Sifl.

rmf

Tnw-

Comaaap.

CiaaaUcMloa.

4

0«fe«rs«cl*V

i«m»...

:

ratal

ISN

int.

umSI..

«*L«a.

fkaraoaf

Ma
Wt«(

y^,.

Hit"

KM*....
I»S«....

B«>ow we rive the salea ol spot and transit ootton and prioeof
OfUmdM at this market aaoh day of tha paat weak

rrtaaf.

as^rtoa to-

I3X*...
l«H«....

I4<,f..

W

Bad* mp Mb ••aiag. are now 139i,9W
•Motta aad atoeka for th« weok and alao
WMkof lutaaMOiL

«.,

11

M M<

l«D

....14 «-i*

..14 1*41

made during

Sn

total .Inoa.

the week

foraapl..arrB.

Tba followiag

will sbow spot quotations aad the closing pricea
bid ior fuluma at the several datoa named
tow HiODLiva urLASaa—.ita oLAaairio*Tios.
Wait.
Ttaora.
Sat.
Moa.
Fri.
Ffl.
Taaa.

Oaapat..

ula

^n

14 0-01
\li-K
\tii-*t
14
in>L4in>a— saw OLAaatriOATioii.

l°4i-U

loDLiao

Uii

—

THE CimONKXE.

ff*

140
Wbathbr Rbforts bt TKLKORiPH.— Witli

the

exception

of Ibe overflow of the Mississippi our reports wlili regard to the
crop tonljjht are generally more Invorable tliat is to say, a very
considerable portion of the section throuf-h the Atlantic and
Gull States which hns been guflering from droucht has during
the week been visited with splendid showers. Of course these
rains do not restore the plant to its former vigor, but tliey check
the ill effects ot the drought, and iii great part confine tlie injury
done to the thin and sandy lands. Unfortunately, however, tbese
rains have not l>een universal, and there are still complaints
from important districts in all those S»tes. All the country
which has escaped the drought, and which in the aggregate is
probably two-thirds the cotton area, is doing well, and much of
As to the overflow it ia impossible to tell as yet
it splendidly.
how far it will go or what will be its effects.
Oatveiton, Texas. Crops are in fine condition, and the prospects very good in the upper countries, but rain is needed on the
coast.
There has been no rainfall the past week. The thermometer has averaged 82, the highest being 96 and the lowest 78.
The crops in this vicinity need rain, none
Indianola, Texas.
having fallen the past week. Average thermometer 85, highest
95 and lowest 77.
;

—

—

CorHcana, Texas.
.Crops are in

:

— There

good condition.

was no rain here the past week.
Average thermometer 84, highest

100 and lowest 87.
New Orleans, Louisiana. There were three rainy days during
the week, local showers, the rainfall reaching eighty-five hundredths of an inch. Rainfall for the month of .July eight inches
and eighteen hundredths. Average thermometer 84.
In our
issue of the 24th ult., we gav» the average thermometer at New
Orleans for the week as 95. This was an error, as the average

—

[August

7,

1875

—

SaiMnnah, Oeorgia. On two days the jmst week we had delightful showers, and the indications are that they extended over a
wide surface; the remainder of the week was pleasan'. Rainfall,
eighty nine hundredths of an inch, and for the mopih, one inch
and fifty-one hundredths. Average thermometer 80, highest 96
and lowest 70.
Augusta, Oeorgia. It rained here lightly on five davs of the
week, but not enough to do much good. Reports continue unfavorable and crops in this section are generally looking very
badly. Average thermometer 79. Total rainfall, seventy seven
hundredths of an inch; for the mouth two inches and thirty-five

—

hundredths.

—

South Carolina. There was no rain here the past
the weather is hot and extremely dry, and crops are suffering for rain. Rainfall for July, one inoli and five hundredths.
Average thermometer 83, highest 93 and lowest 75.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3 o'clock
this afternoon (Friday, Aug. 6).
give last year's figures
Charleston,,

week

;

We

(Friday, Aug. 7, 1874) for comparison

:

^Aug.
Feet.

New Orleans. .Below high-water mark
Memphis

6
33
13
12
39

Above low-water mark
mark
Above low-water mark
Above low-water mark..

NaBhville. ...Above low-wat<^r

Shreveport

Vicksburg

6,'75-,

Inch.
2

6
2

,— Ang. 7,'74
Feet.
Incb.
11
12
11
8

8

11

5
11

7

New

Orleans reported below high-water mark of 1871 untl^
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is eiOths of a foot above
1871, or 16 feet above low-water mark at that point.

—

Crop Reports op the Cotton Exchanges for July. We
thermometer for that week was 83.
were three light showers give below all the reports of the Cotton Exchanges for July not
Shreveport, Louisiana. There
here during the week, the rainfall reaching five hundredths
hitherto published. Memphis makes no report this month,
of an inch, and fine showers in this vicinity. August set in with
colder nights and cooler mornings than for several years past.
({aestloiis.
The crops are in a bad condition on the hills, but are fine in the
First Qnestloa.—What has been the character of the weather since
15th?
June
Sufficient
rain
fell
the
past
week. Thermometer
valleys.
fSecopid (Ineatlon.— Has the weather been more or less favorable np to
Highest 101, lowest 68, and average 85.
this period, thuu during same time last year ?
There were two rainy days the past
Vicksburg, Mississippi.
TUIrcmueotloii.— How are the stands in your section, and how do
week, the rainfall reaching seventy six hundredths of an inch. they comp:ire with same timo last year?
Average thermometer 78, highest 83 and lowest 76.
Fourth dnestlon.—Is the cotton plant forming, blooming and boiling
Columbus, Mississippi. There was rain on three days during well ?
the week, the rainfall aggregating one inch and eiglity-iieven
Flftb dnestlon.— Do the laborers contintie to work well f
hundredths. The nights are too cold for cotton. The thermomMxtli Question.— What is the present condition of the Cotton Crop
in your seciiou, aurt how does it compare with same time last yeir ?
eter has averaged 79, the highest being 95 and the lowest 69.
Seventh Clnentlou.— State any favorable or unfavorable circamctanceB
It was cloudy one-half the week and
Little Bock, Arkansas.
relative to the growth or condition of the Cotton Crop in your section not
clear and pleasant the other half, but no rain fell.
Average ther- covered by the above qnestions.
mometer 79, highest 96 and lowest 60.
Galveston Department.
Nashville, Tennessee. Rain fell on four days the past week,
the rainfall reaching forty hundredths of an inch. Average
This report covers the Stale of Texas, and was prepared and issued by the
Galveston Cotton Exchange, through their Committee on Information and
thermometer 74, highest 83 and lowest 64.
composed of J. B. Braman, Chairman, J. S. Orinuan, Thco. O.
Memphis, Tennessee. We are having too much rain. It rained Statistics,
Vogel, H. Batjer, H. I. Anderson.
two days the past week, the rainfall reaching ninety-seven hunTexas. These answers are condensed from 133 replies received
dredths of an inch, and the rest of the week was cloudy. All the
crops outside the levees are lost through the very disastrous from 71 counties, and .are based upon mail accounts ending July
overflow in this vicinity, and inside the plantations are suffering 15th.
The lowest estimated damage done in Arkansas and
seriously.
Answer to First Question.—40 replies report weather dry, 55 very dry and
Mississippi is eighty thousand bales.
Cotton is growing to weed hot, and 38 favorable.
Answer to Second Question. -61 replies report the weather more favorable,
without top fruit, and there ia some rust and shedding of
up to this period, than same time last year 45 report less favorable, while 27
squares. Average thermometer 75, highest 83 and lowest 68.
say, " about the same."
It rained one day severely and was showery
Mobile, Alabama.
Answer to Third Question.— S7 of our responses report " good stands," 35
one day the early part of the past week, but the latter part was better than last year, ib not as good as last year, and 46 report about the same.
Answer to Fourth Question.— 106 replies say that the plant is forming,
There were delightful showers in this blooming
clear and pleasant.
and boiling weil, while 27 report the plant small and backward and
vicinity, lliu indications being that they were of wide extent, but not as promising as at this time last season.
Answer to Fifth Questidn.— Out replies to this question all indicate that
some sections are still seriously suffering from the long and prothan in any previous year.
Rainfall for the week seventy two hundredths the labor is much more eflicieut—and reliablethat the present condition of the
tracted drought.
Answer TO Sixth Question. 63 reply
of an inch for the month, four inches. Average thermometer, crop is belter than last year, 26 report it not as good, and 44 say, "about the
82, highest 93 and lowest 69.
The first bale of the new crop, same." In all sections of the Stale the plant is much smaller, and is considtime last season.
received August 5th, consigned to A. Proskauer & Co., by A. & ered from one to three weeks later than samegeneral
complaint of dry weather,
Answe? to Seventh Question.— There is
H. Strassburger, from the plantation of Hiram Vickers, Mont- only a few localities having been visited with sufflcient rain. Several of our
gomery county, Alabama, classed ordinary, was auctioned to day, replies indicate that the plant has stopped growing, and has commenced to
ia no tppearanceof the caterat 15c., to E. V. George & Bro. The first bale last year was shed its bloom and young fruit. So far there
In some few places the boll worm is reported, out has done no serious
pillar.
received on the 13th.
a full average yield.
tO
secure
"one
thing
needfiU"
Rain
is
the
damage.
Montgomery, Alabama. There were two rainy days here the
Department.
New
Orleans
past week. The days have been warm and the nights cold.
Accounts from the interior are conflicting, but the drought has
This report is dated July 26. and covers that part of the State of MUHareduced the crop estimate. Th» first bale of new cotton was re- slvpl not apDOrtioned to the Memphis and Mobile Cotton Exchanges the
entire State of Louisiana and the State of Arkansas, south of Ihe^ Arkansas
ceived by A. & H. Strassburger, of Grangers warehouse, on the
River. The report is prepared and issued by the New Orleans Cotton Exfourth inst., (as noted above) and shipped by them to Proskauer & change through their Committee on Information and Statistics, composed
The thermometer has averaged 79, the highest of Harrison Watts, Chairman. J. V. Richards, Wm. A. Gwyn, K. C. CamCo., of Mobile.
mack, Edward Morphy, and W. C. Simmons, Jr.
point reached being 97 and the lowest 65.
Louisiana. The following is condensed from sixty-three letBelma, Alabama. There were two rainy days here the past
week with a rainfall of sixty-four hundredths of &n inch. The ters received from thirty-one parishes, and their average date is
crop is developing ))romisingly, though a few caterpillars have to the 15th
The character of the weather is .generally reported as favorable, more so
been discovered in ove locality. Average thermometer 76.
our latest dates bring us complaints
Madison, Florida. Rain fell on three days the past week, the than at the same period last yi'ar, though
of drouth. The stands are generally good, and better than last, year. 'The
rainfall reaching seventy-nine hundredths of an inch.
Average plant is blooming and boiling well labor ufhcient, and the present conditiou
thermometer 79, highest 84 and lowest 74. Considerable com- of the crop much better when compared with last year, except In certain dis
tricts where rain is needed.
plaint is heard of rust, and cotton is shedding badly.
Macon, Georgia. We had an unusually severe storm the past
Mississippi.— Condensed from 100 replies received from 33
week. Crop accounts are more favorable. The thermometer has counties, nearly all dated on the 15th of the month, their uniranged between 68 and 94, averaging 80. Total rainfall for July, formity of date being a great improvement over the past
one inch and sixty-one hundredths.
The character of the weatlier for the past month has been mainly favorable,
Atlanta, Oeorgia.~Wa had splendid weather here the past with,
however, considerable exceptions. Some letters complain of too much
week, rain falling on one day to the extent of nine hundredths of rain, others of the want of it, these opposite reports coming often from the
an inch. The reported damage to the crop is much exaggerated. same county, showing an unusually partial distribution of rain or local
showers. Plantations not five miles apart have had ton much rain en some,
Average thermometer 77, highest 88 and lowest 68.
and too little or none at all on others. Ono-founh of the letters state the
CMumhus, Georgia. It was showery three days the past week, 'plant is too largo and grovvi g too fast to fruit well," and is in a very unthe rest being pleasant; total rainfall for the week, one inch and favorable condition to receive either a protracted drouth or wet spell. A
of boll worms and shedding, but no apprehension is exeight hundredths for the month, one inch and sixty-six hun- very fewofcomplain
caterpillars, none in noticeable numbers having appeared. Stands
pressed
dredths. Average.thermometer 81, highest 94 and lowest 70.
generally good, and laborers working well.

—

—

—

—

—

—

—

;

—

;

—

;

—

—

—

;

—

:

—

;

I

•

>

:

August

7,

161 S

..

THE CHRONICLE

J

ArkMUM. — Fortj reporta

received from twenty-one eoanties :
ka« baea (•scimllj dry. OceulMwi •bowari. bowerer, htve
daaafc^ aad on ibe wbole U baekMB laare fkrormble lh«n lut
good
eoold be wUbed. Btiiiili ft nportad nnirorinljr
jMr, ud ataMM
gen aad llw pluc fIviUag remarlublr well. Tbe yamcml oeadltion u
aiMbttdlr Ike toa«t kaown for a oacnbar tt jmn, and axeapUoK some
ajUiibMnhia at a po«dMe drratb. the tana of our eotreapoaoanca U aa
rb aa ifiil «« coeld be aaalrwL

ne wcMb«r

;

prcreatel

m

m

Charlmton Departeent.
ina, and ii prepared and laaaad br
ThU reparleoten a* >
-trOommltt*N; un lofonuation and
thmOmStmrniOoMaal^
nalmao, Wm. J. McConnack, L.
eeapoaed of J
J

J. Walker.

Si.

Thumi>aua.

Moath Carolina.

\V. K. S;

—Coaiieaaed from 97 replies reeeiTed

from 39

ooantiea.

iin—Mr. and compares farorablj
wrather, oo tbe whole, haa been
The stands arv >« t>ood, tf «oi belter, sod tb« plant Is
jrear.
'^,bloum
well Tbe Ubor !•
(onnlaic,
koUlag
be'"
gsasiilly rssortMl aa
-ixt eqoal
Moal to Inat of laat year. Fire
aSelsnt, andthe preeeni eoadltlun U
injury
injurv
report
from
too moeh wind
ODonllaa
iromhiUI
ironikiUl
and
aaawan (ram (oar
la oae ouoatj Uce are reportad, and ru.it lu snolber.

Tbe

with that of last

s^

:

—

Kkw Cbop Cottox. Oar Mobile lod Mooigomery corrtv
qwDdent* talegmph. lu lo-oigbt liiat the tiret bale of thenew
erop cotton laiaed in AUbunn waa r<;e<si*«l at Monlgooaery, Aog.
by A. & H. Straaabarger, from the plaatatioo oi Hlmm Viekers,
Moot^omerjr eouotr, Alabama. Ii waa eonsif^ned by M«aara.A.

141

QuNitY Baos, Baoginq, Ac.— The market

VisiBLB SappLY or Cotton as Made op by Cablk andTklk
Below we give our table of visible supply, as made up
by cable and telegraph to-niitbt. The continental stocks are the
flifure* of last Snturday, but tbe totals for Ureat Britain and the
afloat for the CouiiQeui are this week's returns, and consequently
brought down to Thursday evenintr; hence to make the totals the
complete figures for to-night (Aug. 6>. we add the item of
exports from the Dnited Statea, including in it the ^rrmrtsof

SRAPO.

—

Friday only.
U7B.

4,

A

H. Straasburger to A. Proakaaer, of Mobile, wliere it wna lo-dsy
It waa daaaed
at auction to E. V. Ueor^ A liro., for loc

Slock at Liverpool
Stock at London

M«,(iOO

,.„.

ToUlOreatBrlala stock

old

SloekuUaTre

ordinary.

IfiMiasirPi Ovkrvlow,—Of «o«w it ia Impoaaible as
yet to measure tba extent ot t: • .laiaaiadone to eoiton by the
coodition rt the Uiaaiaalppi. In (act. no one can konw tbe reault
0:ie of oar M>-ini>hia ormaponuntil the flood h«a anbaided.
drnta, however, eaada vm this we«k a eommnnieatlon ot much
intfreat, from whidi w* make thn toUavhif eviraet. ainee It ao
clearly ataUa tbe condition as it waa laat week, Tharedar.aad
therefore belpa lU to interpret the lat«<r adrieea o( this we«k

Taa

Stock St Marselllea...
Stock at Baroetena ..
Stock atBambnrc....
Slock at Rremeo . .
Slock at .\materdain.
Stosk at Boltardam
.

.

portt

:

Total eon Uaslal port*.

MKJifnia.TKXi(., Jaly 89, 187^

Utrnn. W. B Dana A Co.
OsntUwten : At the date of oar

telcf^ram, lart Friday, llTiny la

with mmnis of tliiK, thai an<l another plaalatloa
undrr water or so nearly so that any fartbrr rise in the Wasls
slppi would caiiSM wholesale deatru'iioo, we ami too a more
s^naatlooal deopatch thao the fact-a warranted, or tl>yn w>- woald
have s^-nt had oar reports not inrloded fran of au-hipeted
damage aa well a^aeiaal damaifr already done. We are please<l
to aay that, to-day, w<> can hear '<l n>i pIsoMar at any puiot on the
ti
Hrer who baa aoff-"
lamsfe to hia oottoa crop.
> vrrj^ baa had a small portion
Almost every planter
of bts crop hurt by overtiiw sml miM) walar; bat. as a whole. It
amnanta
aoliiiaf. Tlw dajKvr. iiow«««, waa msa( ImvlaeBl
sad la ant yet passed, aa the riri-r onarnertMlly rose oa* laeb
have aow all they
here to-day, sod a large area oi r.
<aea more clearly
ran safely stand. You will un'trr
when we stale that the river bank m unually tbe hi^bsat part ol
a maa's pteaution ; ail of ike mil is alluvial, the aosnttoaa of
the yearly ovrtllowv, sad tlie ground dasesads as yoago away
from lbs river. The chararter ot this soil is, of course, soft,
spongy, and betoi; mostly sandy loaiu, yields to tbe least pressure
M water. The planter pnts hi* enttnn bla opening as much aa
a mile daek.aod two io.<aa or m>rn aU atoaff the river. The
wai'r permeate* rverr aqoam in<- :. r'sultlac in many atreama of
they are, staad, (and the
ilpe water. If the levee*, loar- <ir<
f any account, while the
whole State of Arkao*** ha*
very
p-^
;> may be as badly daraMisniaslppi levree are
'.U* ripe water either kills
gad fNHa sipe sa river water dirtaaplaait or. If H remains standing, ealiha it to throw lie fruit.
Thass Idea* we know are correct. Thavrilerof ihiii spent last
we^ OB a plantatloa thirinen mile" t>e|ow here, ihrowinff up a
leva* of \\ miles front. In orHer to -^ve a planv>r's crop that we
vat*.
had advanced several thoa«e ml "sr
This place
.aid iMt prevent
wa« low, and thoUKh we kept tli" ovilie sipe water from vettinr thmmrh "• >' i^^umi near-by, and
snr loag-eoatiawsd presaar* will cause dama^a more or less
a
e
•
*
which, howwrcr, euaol to total.
circles

filled

for baggiofi; dnrinflf

the past week hag beuii only moderately active, but prices continue firm, and sellers are not disposed to make conce.^sions to
effect sales.
There have been sales of about 6,000 rolls here and
In Boston at 13^313{c., the market cIosIdk tirni at the latter
figure. "Bales are in light demand, and prices arn quoted at 10c.
for native, and 13^31^. for Borneo.
Bags continue quiet, and
prices, iu the al^aence ot transactiODS, are entirely nominal. Butts
(tave been in fair request, and, with a small stock in hand and no
arrivals of any amount, prices have become a shade firmer, and
sales have t>een made of DOO bales at 3c., time, here and in Boston,
the market cloaiug firm.

TatsIKaropsaa stacks.
IsdteeoMooajatlCr Karops
Aasrlesa cottoa alost for Borope
Igrpt. Brasll. Ac., afloat for Korope
Stock la Catted StsiM pons
la Oallsd Btates Interior ports ...

iliaefc

UsUad

Stale* azports U> day

187S.

845,000

M,SOa

118.790

tOl.lAO

1,058,1100

1,014,790

1,046,780

184,900

lli3.000

191,100

8,000

15,790

14.1S0

80,00)1

TS.730

45.000

11,000

81,780

84.000

4S.00O

48,000

41,790

8^aoo

101.800

10,000

18,000

81.800

4,000

18,000

19,900

'.5,0FO

S7,000

88,000

»MM

48t,eo

91,900

841,180

l,4at.7«0

1,998.000

nl.OOO
8t,lM

879,000
78,000

81,000

88,000

I»,MM

143.498

8,789

11,954
1.000

1,000

Tstal vtslklesapftr

or Iks above, the

1874.

tll.OOO

bals*. l.ltl,»tl

totals or

Amsneaa and

l,n8,U0

1.811.991

other descriptions are aa fol-

:

M

}

u

Ll»f si

l

«todk

*...

CeaUaaaial Mocks

Daiu4l

888.000

899,009

847,000

194.000

r«,ooo

181.000

9MU

99.000

78,000

118,109

199,«t

143,486

ll.lM

Oaltad Sisiss latsrior atoek*.

8.7W

11,880

0aHa4 aiBtas rspmis co-dar

1,000

1.009

T<i4al

.

AMsrieaa

. ..h
Loadea stsc^..... .••..,

ttlvsrpoot stack ....

,

OosttasaUl stashs

tadlaaSaaOarBaraee
gypt. Brasll, Jkc. afloat

1.000

«MH

9ta.gM.

«M11

811,000

496,000

.NJiO

118,790

101,780

a9(.ao
BU.000

108,190

817,180

818,000

179^)00

848,410

81.109

61100

98,000

1.<M.;80
1.9M.;80

1.411.000

1.491,000

-

i\

-

.

'I

Tdlallasi ladla.*e

HMM

Total

IWal visible sappiy
Pries

vm\*»
7KA

hi

HUdllag Upiaada.

Liverpool..

lia.9U

818,410

MUMM

l.n9,410
«x<>.

»K<1-

The** B^urvv Indicate a Attrt*** in tbe cotton In siirbt tooi|rhi, of 100JP50 bale* as compared with '.he same date of 1874,
aad a rfiwrsiiii of 53,701 baton as compared with the correspondloK

dau of

I87>.

MorMMKMTS at COITOII AT TUB IMTBHIOR PORTS.— Below WS

—

reeaipts and
Toura truly,
irlve tbe movementa of cotton at the Interior ports
*hows us clearly wber>'ln tba daager from this fl'Md slilptnen'* (nr the week, and stock to-aijfht, and for the correa;,
What, however, I* thr extent of tbe harm done, since poodioif week of 1874:
-ttnsfals
his letter was written, it will be impomibln to slat* until the
,-W*«ksodin<Aac<k '7»^^W*ek ending Aag. 7. '74.-.
waters subside. To-nlifbt.tbe river aeemoto be stilt rising, and
at oar latest advless was aboat elt;hl iacbaa below tbe rise of Aagasfit.TT^.
7,a6
896
110
lis
l.8tt
March last, wltb tka 8i(aal Service Bofiaa pfadicting a farther Oolaabas
I.Ml
191
Kl
88
4*
TOO
.

Ttia above

,

I

rise.

Hseoa

BOMBATBiimfairra.— Aoeordiactooiireable dispatch reeelved
to^day, there have been t/KW bales shipped from Bombay to
OreM Britain -be past weak and no balsa to the C'-ontinent,
while the raeelpts at Bombay darioi; tba same time have t>een
The movemeat since tba 1st of January Is as
3.0U0 balaa.
follows. These are the ficares of W. Nieol A Co., of Bombay,
aad are broacbl dowa to Tharsday , Aug. 5:

'^HMsati this weak-. ^-Shlpasnustam^as.
flreai
t)r«ai
("oaOnir Caa_
Brltafi.

inn

Hasat.

Total.

1,M»

TWl.Ort)

Mr.MO

Prom

V-^

Briuln. iioaat. VotaL
TT-.om t'lood i,m.«oi

num

-

.

Bseslpta—
Mace

This

weak.

Jan.

1.

MOO

i;m.oso

i,«oo

i.m,«o

81

MeaHMsry
galma
Mseiphl*
NaabvlDe,

ToUl.olA....

St-Loala
Ulaeiaaad

new

foregwlag It would appear that compared with laat
a i*»r*am of 17,000 l>al-« this ywr in tbe week'*
•hlpments from Bomlwy to Europe, and that the total. movement

114

810

1.014

14

84

OM

81

Mi

19

n

4<T

154

171

8,166

896

1,478

6.980

1

191

1.817

198

188

3.798

4M

i.m

8,789

1,198

1.399

28,380

»

84

86
874

19

40

16

41

Its
087
4,879

u
118

(98

111

BM

UB

8*1

t,aoe

488

1,1M

7,«n

n*

1.838

8,710

804

i,8ie

13,111

186

1.878

11,499

1,761

4,094

86,481

917,000

ToUl.all

8flO

418

14

8

itISBiS

Total,

•

—

—

——

trie

year there

ia

•ince January 1 shows an fnaraajs In sMmsaata of 07,000 bales
eompared with the sorrespeadlag period tA 1874.

The above totals show that theold interior stocks havedssrsassd
durinx the week 603 bales, and are to-night 13,r)0t bales lt*t
than at the same perio<< last year. Tbe receipts have been 733
bales Ut* than the same week laat year.

.

—

.

:

,

THE CHRONICLE

142

Tbe ezportii ot cotton this week from New York show a
decrease, as compared with last week, the total reaching 1,495
bales, a-jainst 5,617 bales last week.
Below we (five our usual
table showiug tbe exports nf cotton from New York and their
direction for each of the last four weeks
also th» total exports and direction since Sept. 1, 1874; and in the last column
the total (or the saiuj period of tba previous year.
;

WBBK

Otiier Britieh

July

14.

21.

Ang.
«8.

Havre

to

period
prev'us

date.

year.

110

695

364,a%a
7,033

429,102

i,!58

110

695

371.886

4S9,I02

12,348

6.932

12,248

8,63:}

23,19«
18,'i«
9,S89

80,561
4.043
3,238

51,257

27,842

59

63S

Otber French porta.

1,701

lotal French..
Bremen and Hanovez

550

8.11
-.49

Hambarj;
Other ports

2,839

Total to N. Europe,

3,342

713

800

4,166

649

800

4.869

Spain, OportoftQlbraltar&r
All others

Total Spain,

25
2.647

Sec.

erand Total

10.810

1.805

5,617

1,485

65

8,672

435.456

468.249

Theiollowingare the receipts ot cotton at New York, Boston,
Philadelphia and Baltimore for the last week, and si nceSept.1,'74.

NBW TORK.

PHILADKLP'IA

BALTIHOBB.

This Since
week. Septl.

This Since
week. SepUl.

This Since
week. Sept.).

112,6491
67,1401
lin,i34i
1,270'
5.509|

35,377
16,798
45,001
20,722

5,91b
4,184
16.545

18,745

76
8
117

118,20.1;

23^615

13,SiiSl

1,0B1

73,576
70,695

361
95

157.739;

11,9

38,931

3,049,

162

Total this year

1,093

800,190!

1,899 021,326

262

63,40»;

:oi 119,E2S

Total last year.

6.058

957,999!

2.27-2 3.39,435

84S

42.317

811

bbok'tb fbom-

This
week.

New

Orleans..

Since
Sept.

130

Texas
Savannah

282
25

Mobile
Florida
6'th Carolina
N'th Carolina
\rir(!lnia

North'rn Ports
Tennessee, Ac
Foreiffn

1

-

59,682
151,447

33

12.2!6

6!

5,793

18,911

61,524
31,96-

8,132

l;l..')64

—

SiilPPlNG Nbws. The exports ot cotton from the CTnited States
the past week, as per latest mail returns, have reached 3,583
ball's. So far as the Southern ports are concerned, these are the
same exnorts reported by telegraph, and published in TheChboh.
ICLI! last Friday,except Galveston, and the figures (or that port
are the exports for two weeks back. With regard to New York,
we include the manifests of all vessels cleared up to Wednesday

week.

of this
niglit
^

New York— To

n. . . ,,
Total bales
Nevada, 576
,

Liverpool, per steamers Repablic, 96

England,

2:1

60.5

To Bremen,

per steamer Main, 800
Liverpool, per steamer State of Alabama, 345
To Vera Cruz, per brig Espeninza. 427
Tkvas— To Liverpool, per steamer San Antonio, 1,325
Baltimore— To Bremen, per steam, r Braunschwiig, 25
Boston— To Liverpool, per steamer Marathon, 66

g0;j

New Orleans—To

345
427

'.

1,225

25
66

ToUl

3,583

'flia jirtiniilars

>t

'Ij.ise

sbipiutf a

la,

arranged in our uxual rorm

are as follows:
Liverpool.
695
345

New York.
New Orleans
Texas

Bremen. Vera Cruz.
800

Total.

....

1.495

427

772

1,22S

1,225

Baltimore

25

Boston

25
66

66

Total

427

2,331

Below we give

all

news received

3,583

to date of disasters, &c., to

essols carrying cotton (rota United States ports
South Carolina, str Nickerson, from Charleston, at New York July 31, broke
:

,

her cog wheel on the passage.
Fraibik Bird, bark, from New Orleans for Liverpool, which put into Key
West, .June 16. with her cargo (cotton) on Are, completed repairs and had
nearly lltiished re-loading July 21.

Cotton freights the past week have been as tollows

— Havre. —

Liverpool.

Saturday...

Monday
Tuesday.

Steam.

SaU.

d.

d.

..@V
..av

Steam.
c.

Wednesday
Thursday..
Friday .-.

Sail,

c.

Steam.

c.

c.

Sail.
c.

Xcomp.
^comp.
Xcomp.

><comp.
J^comp.
)^comp.

11-16
11-16
11-16

&^

SaU.

Xcomp.

11-lfi

.

Steam.

c.

11-16
11-16

..

>tfcomp.

Jicomp.
Jicomp.

i^comp.

^comp.

..
..
.,

..

bales.

Forwarded
of which exporters took
of which speculators took
Total stock
Of which American

51.000
5,000
11,000
2,nflO

1,047.000

611,000

July

Wednes.

]U:.

]^i::

MarUU stt page 180.

week

Thnrs.

Fri.
•7V

7X

?jj|:

Fkidat, p. M., August 6, 1615
depression in flour noted' last week, as the effect of the
return of comparatively good weather in England, and the conse-

quent subsidence of speculation, was nearly recovered early in
this week, owing to a speculation on Western account growing
out of the prolonged rains and tbe disastrous floods which have
occurred in the valley of the Ohio and other portions of the West.
These have no doubt been unusually severe, and have done a great

damage, but with the return of

dealof

23.

61,000
6.000
16,000
6.OOO
1,036,000
592,000

July

.30.

74,000
.".OOO

12,0U0
9,000
1,013,000
684,000

Aug.

6S,000
2,000
13 ODO
5 UOO
959,000
553,000

a dis-

somewhat .exaggerated. Flours
from winter wheat have shown the most business. On Wednesday a
large business was done in fair shipping extras from spring wheat,
but most, bids were yesterday reduced to $6. Towas 10@15c. higher and
more active, with large sales of shipping extras at $6 15(g6 SS-

at

$6 10(36

25,

day, on favorable I.,iverpool advices, flour

Rye flour has been dull, and corn meal drooping.
The wheat market opened the week very excited and buoyant, and on Wednesday Spring wheats had regained all they
had lost the previous week, while Winter wheat reached even
higher figures, with large sales for spot and all August at |1 39
@$1 40 for No. 3 Chicago, $1 49(a|l 50 for No. 1 Spring, and
$1 58a$l 60 for amber Winter. Yesterday, however, part o(
this advance was lost, with large sales o( No. 3 Chicago at %l 36
(Sfl 38 for fair to prime, on the spot, $1 47rffi|l 48 for No. 1
Spring (or all August, and |1 58 for amber
inter. The storms,
alluded to above, have done much damage in the Spring wheat
sections.
To-day, the market was firmer, on the foreign advices,
with sales of No. 3 Chicago at $1 38(a|l 40, No. 3 Milwaukee,
$1 43(a|l 45, and No. 1 Milwaukee |1 50, but the close was dull.
Indian corn has been active, but at variable prices. The supply
has been more liberal, and much of it out of condition, so that
heated mixed sold yesterday at 77(380c., with fair to prinie 84@
86c., and choice S7@87ic. on the spot, with three loads of prime
sail mixed for September at 88c.
The storms and floods have
injured the growing crop of corn, as well as that of wheat, though
probably not to the same extent. To-day, the market was lower»
at 82(a85c. for fair to prime mixed.
Rye has been steady, and
yesterday a boat load of Canada in bond sold at 9oc. Barley has
shown an upward tendency, and four-rowed State for September
delivery quoted at f 1 20(g$l 35. Barley malt has been more
active, with sales for cash at $1 35 for two-rowed State, $1 46 for
four-rowed, and $1 60@$1 65 for Canadian.
Oats were excited early in the week, and higher prices were
obtained, a line of No. 2 Chicago selling for the last half of
August at 66c.; but the trade held off, and yesterday there was a
sharp decline, with large sales of prime mixed at 62c. in store and
The larjje stock in store here defeats speculation for
64c. afloat.
arise. To day, Ihere was an advance to 66c. for prime mixed
afloat, but the close was dull.

W

The

following are closing quotations
Floor.
Ubaih.
60® 5 20| Wheat—No.3ipring, bash. $1 30®
:

i

No.«............;.fiJ)b;.i4
Saperiine State &, West

em

Bxtra State, Ac
Western Spring
extras

003
603

6 SO
7 75

6

403
353

8 40
7 26

7

403

8 40

b

XX

6

6
5

City shipping extras. ..
City trade and family
.

brands

and

7
.

flour, superfine.

Corn meal — Western, &c.
Oom meal Br'wine. &c

—

The movement

503

1

603

I

1

38

58,3

1

67
60

1573 162
773
90®
853

..

Southern, yellow

86
91

87

...3 -.-

Rye
Oats— Black
Mixed
White
I

1

1883 144
1473 150

spring

White
Corn-Western mixed
White Western
Yellow Western

8 50

6 50;^ 7 20
4 753 6 25
4 103 4 60

2

No.lspnng
"
Red" Western
Amber do

fa-

mily brands
Southern shipp'g extras.

lows

5 85
6 40

Wheal

do XX and XXX
do winter wheat X and

Rye

.•(o.

40a
10®

.)

933

.

1

64®
67®

Barley— Western
Canada West

10

66
72

@

State

1

16(3

1

30

903 6 00 Peas— Canada
1183 140
in breadstuSs at this market has been as fol4

I

:

RBOEIPTB at

,

6.

fine weather, there is

position to regard the reports as

..

:

16.

111,000

404,000
89 000

T''«»-

6.

li.OOO
5.000
13,000
401.000
26,000

BREADSTUFFS.

NBW TORK.

BXPORTS TROM

Since
Jan.

Port re

I, !?74.-

week.

6S 663 1,9,58 5S4 2.854.9.W
Floor, bbls.
1-35.433
3,630
78.1.52
0. meal. "
Wheat, bus. .%0j.211 12.6r5,.3RB 2.5,706,728
"
7 S.nBO n,88!.743 18,945.711
Corn,
'•
7,16(i
80.731
444.259
Rye.
11.501
1.141.988
698.243
•Barley "
108,642 4,963.400 6,533.684
Oats ..."

35.219
8.670

1876.

.

—

—

July

"o'"^^.

Cotton

Aug.

30.

44,000
26,000

the dally closing prices of cotton for the

^°'^-

.^'l"-

J

,

..

IjIverpool, Aug. 6. 4 P. M.
By Cable prom Liverpool.
The market has ruled quiet and steady to-day. Sales of the day
wore 10.000 baies, of which 2,0C0 bales w"ere (or export and
peculation. Of to-day's sales 5.000 bales were American. The
weekly movemeat is given as follows
Salcsof theweek

„

Southe'ii bakers'

:

-Hamburg.^

Bremen.

V

.@«

show

Tli« following table will
...J,

Jnly

23.

45,000
14,000
10.000
447,000
66.000

The

1,156

PorU.

TotKl to ot. Britain

.

July

16.

63.000
23.000
loiooO
465,000
69,000

1-^.6.

7,

Same
Total

July

..

,

Amountalloat
of which American

t^~ Far European

BUIS

XPOBTID TO

6.839

July
Total Import of theweek
of which American
Actual export

New York sluceitept.I, 18T4 ''^o'E&tA^t:

BKporUatOott<»u(balea)n-oni

Uvorpool

[August

For the

Since

week.

.Ian. 1.

.

.

,

1875.

Jan.

1.

1,087.481
105,760
.529,9')1 13.998.683
319.621
7,0.18.591
7,573
ll;),«60

.

.

3.122

NBW TOBK.

,

1874.

Since

110
74,838

For tbe
week.

Since
.Tan. 1.

36,186 1,327,209
4.1^8
152,513
346.914 2S.9.56.580
806,4:',9 13,622.842
873
5J3,324

446

74',287

New York" tnclndea also malt
The following tables show the Qraio in sight and tbe movement of Breadstuffg to the latest mail dates
* In " Receipts at

:

Angnst

f

.

KBCBtrr* AT LAKK AND RITKB PORTS FOm THB

AHD rROM

ado.

WkMt,

Floar,

^

IIUwukM
IMnUL

1

to

WBKK KNDIHO

jitlt 81.
Barlrj,
buah.

Oat*.
bnah.

Corn.
buah.

31419

Tat*4^

M,«o

LMI
\*»

t.n*

i«,9ii

sg,<n

....

PMria.

1.1Dft

18,4as

..

t^n*

UMM

90.980

DalMk

MU)

bm

1U044 a.aHL«8 i.Mo,4M

ir.an

(.on

41,919

nat*

cteMiud.
•«.

Lo«ia....._

Toui..

Prmou* WMk.

X.M8L8aB

S4.MI
93S3B

1.041.808

l.!>9».lff

m,.1M

n.nt

i,na.ui
4K.5I5

US,*tr

l.m.UT

t.i!ti.aM
1.078.818
1.74A.9tT

404.945
J*e,5l«
l.MB.afiO
1*4.734

It.
It.

TMal A««.

umjm

n,MS

l,AT^9t*

8*6,790

tedaU. A*I*J«S M.iaiJM 4«.m.ilS

1

1J8S
1S.00O

10a.M8

OnrrMp-BCWMk.T4.

M
70.

.

B.1&1
3.738
4IS780

I10.QSO
*

ic.nM

8,sio

II.MO

mjos
i,4M
17,44*
ia,o44
7.97S

90.841
48,1V7

1M.SM

10.U0

4s,»u

l*.*H[,41S \7S3.ia8 I.l9<.0t0

asMttaa ws-M. .•.•.Me ujtm,m *\.im.mnumjiM *.onjm»
tOmt tK%-n.. .Z,Vl.tK ft«,80i4»t •t.4»i.*M |y4U*4 •.Itf.OtI

Bmnnam

Rye,

buh. ^
bush.
(W Ib*.^ (M lb*.) (n lb«.) «8 lh«.) (U lb«.)
•n.ns l.U^CM
n.SM
S.7VI
lO.IitS
U.HH l.m,«M
1S,IM0
l,«S
1,800
1^«M
%*t»
aiM8
131.904
1.87;
100

bblik
(:«6 lb«.)

At—
ChlOHIo..

\.n*,v.i
1.9PI.138

or Fu>aB ass Orapv from Uke pons

we«k eoding July

31, 1875,

sod

for tli«
from Jao. 1 to Jalj 81, Incloaire,

for foar yaara

JaljrIT.

WhMt.
^ath.

Cora,
bnih.

i,8i»,r«!

uw.tu

.•loo^ia t.044.i»

i,797.*a

uiits
at.«M

I.U.1,08t

|*I.4IW

Ploar,

Wmktmiai—

hbU.

imjm

JaiT*i.i9
JbI7*4.*b

rs

IMIO
M,M1

Jal7M,*n
Jaa.llo«M«
aaaa Mm IIM.

.

:

THE CmtONICLR

7, 1875.J

ixn.r 81.

:

0«it,
feoab.

Barle),
boib.

^^»^

iSllOS

Jum^T4l lOjatLM* tl.l«,:a8 U**,*W

n*.l«l

8IV.»8(

IJ*W45 «4BIMn

*7J<I7,:I4

18.0]«

•.m
t.VU
4,aM

I,*M,7*0
I.S0I,4M

R»e.
ba«h

MKI.*") L^O-an

i.nt

143

•-•eaortmeiit* by retailers wlio haTejnst completed stock-taUnfr;
traffic in imported goods baa oootinued light
Domestic Cotton Goods.—The expected improTemeDt in
cotton goods has not been realized and during the week transactions were Btrlctly moderate, on the whole. There was a well

bat tbe

demand for co'.ton flannels, cheviots and certain makes
of four-yard and heavy brown sheetings, which were distributed
to a lit>eral aggregate amount, otherwise selections were of
a
•ostained

hand-to-moath character. Staple ootton goods remained unchanged in price except Conestogo tickings, some numbers of which were
rednced Kglc. per yard. The strike which has occurred in the
Fall River print-cloth mills most of which hare been closed— has

—

had the

strengthening prices, although there has been no
material advance, and extra Standard 64s closed at 5J^|c. with
few transactions. Dark prints which have been placed on the
market at aoprecedently low priees, l>ecame more active althoagh
effect ol

iodividaal selections by city and oot-oftown jobbers were noticeably small, and calculated only forthe supply of the eirMesi trade.
Coeheco, Paci6c and Manchester fancy prints were reduced to 8Jc.,
Pacific robes to S+c, Allen's fandes to 8c., and Allenss and Mallory pink* to 84c; Lancaster and Renfrew ginghams were in good

demaod and both makes are snld to arrive.
D01CK8TIC WoOLKji Goons— The distribution of men's wear

&m
IM3M wooleaa

has Iwen quite moderato, and transactions were mainly

coafiaeo

to

limited sales to

jobber* and the smaller clothing
MwMitiM wa
A4ao,nii ujmjtu i5.99i.*m njm.m i.m*.04s or.*!*
Hum tiM tfn .....tjaO.W> 8,848,801 U.tM 08* IOl480.t7S 1,048.0*4 W8,80O trade. Worsted coatlnts and E'yrisns w-re in fair requestr and
UKMFTo or wutvm AHoaRAiii at «bam>asd port* won thb aooie larire deliTorlea of these goods were made on account of
fTBBX Bjn>tlf« JITLT 31. 1873, AAO PROII JAX. 1 TO Jin,T 81
former order*. Fancy ca*simerea dragged, and there was a less
Floor.
WkaU,
Com^
Bamr, .«»!»• aetiva demaod
for Kentucky jeans, but price* on both descriptiona
AlbbU.
boob.
boah.
Raw Tack
mjM
4«.310
4.80
aao of goods were well maiouined.
There was an improved demand
ItLtN
nt.48t
10*
PorllMd
for white and colored wool flannels, and the salea ot the week
MoMraal
0.730
PkltedalpUa..
BalUaota....

ii*.*ao

».4S4

I47,4M

l,*>Mn

9U.7i«

17*,l«r
110,146

*»i.vTt

1^4*4

ItUtM

1.8IM.-T

«,>78

«*•.& nuni iwn,in

»,3r<,4ifl

Total

avaak
Oor. waak*94

Total

jm.1

to

—H

leachad a fair aggregate amount. Blanketo were also Uken
freely by tbe Weetern trade, in both white and colored
makea, aad are firmly held at mling quotations. Felt skirts

149.40*
140.4(a
41.48*

14,lao

NawUrUuw.

n.

I.MMM

<.S74L4I»

luo more

StLtTO 148.180
M«,i«:

jU*M«HJ4I.M*U.<M,)««|

tvmjm »t,i*7.s« L__
A«M«
4j4M» i,*n.*aD 44.s34.48* lUM,*!?

t.0T«
11.7*0

;SMM
l,«a*,iM

cr«.808

l,ltllN 440.790
UHAi.t, iMladioK the atock* la
irraaarj al ir.o i»riaeipttl poiou of ac«Maal*tl<m •( Uk« aoH
oaoboard porta, la trmauiit ob tlio lakea, th« Haw Tork ouwla M>d
bjrmil, Jul/ 31,1873:

Thb Vuibub »arn.i or

Cora,

sz-

boab.
la
(a
la
la
la
la
la
la

fton at !taw Torfc.
Mora at AlbaaT
ilOTa
atora
atnra
•tor*

turn

Tj

ai Ba&la
*l CblcMO
al Mllmakaai
at Oalalb.

8MUMt

LUMfr

lj048iaao
(l.Tlt

u Tolilo

a4or« at I>atia4t
la (lara at oovafv*.

. ...

in.ni

laatawillt. Lwlo.

Ml*

la atara atfaaata....
BOBlOfl.. .• aoaoaaaa

MOWM

UataraatTatoato,
la Mora at MoafNal..
la t4ara at PWIadalpUi*
laataaaatflalf mi*...
Ukai
aoH

9^MB

4.080
tBI..'«

8ML0**
TLtOO

3r7.440

I* Ml
fl«.l*«
l*.4*l

4ti.<rt*

SLIM

»>.7tl
I 1.000

US

«A«.0»»

70

MO

1,«IT

•|1«4

IMIl

MM

*«.oat

1,1*8

8*4.7*4

ijai

nUW

1.0I8I.804

m,tm

omWmtrm^tmtiB.

tjam.ii*

1.10*

4W

480.1*1
70T.7ff

Mm

*4.
1.

in*

MM

.._

ba* Ua aaa atl sBB ware ia.llviilually small. Black eaahmerea and
para aolMira were in ateady request and firm at ruling ntea, but
operattoaa ia (aaay dreaa fabrics were eompamtlvely Hm and un
importaat. Uooaakaepiag linens moved more freely, Mt sliirtinir
aad dochlogmakeerrmained quiet. Silks were ligbily dealt in and
th»rm waa little doing in velvets or ribbons, altiiough black gioxgraia laakae of the letter wnre in ateady reqai>«i and very arm.
The tmportauooa ol dry g»o<la at thia port lor tUe week emling
Aug. 3, 1875. and tbe correapoadlag^weeka of 1874 and 18:;i
have been aa follows

amaaa

to

n,in
•.49B

8.9I1.0M

Jaly
Aag.

i!at4
1. 1*8

"i«

m.mt
4Mlt

7*.a«

Woven worsted drew fabriet became more active with
tba opaalog of tbe PariBc, Mancheater, Washington and Schep.
par'aaiakaa, and the Hamilton printed reps met with fair sales.
gooda.

FOBKIOS Dbt Goods— There baa been a rather more active
demaod for the moat staple imported goods by city jolibera who
7». do not import their own gooda, and tba Western, &>uthern and
boak. California trade.
woolen gooda for men's wear there was
tkm, mora aoioiatioa ia In
heavy worateils, fancy camimeresantl ruitings,
14,104'

t:.o*«

Mkt*»

Mf
aaamfSaST

4.1*3

were opaaed by eeveral agents and met with moderate sales.
Woolaa aad worsted reversible sbawl* cnntlnaed quiet, but the
supply la Bot yet large enough to induce operations in these

IM07

MT4,1*I

7JM.1N

t,1i

O*.***
8A.;**

•.4KJM

i.tMi.oi1

a;

U*llf7

sea oooaoarrtoa roa tos wsaa aaoias acourr

^^
^
saOfSfta

aa of weel. .

I.Srt

.

4a
eottoa..l,4e>)
4o
(lU
40*
do
lax
81*
_
laeaUaaeoaa 4rr gooda. Btr
Total

racMT.
laflaasco

apoo the

p. IL,

AacM

«, ltl*k

to tbo

lb* moat importanl diatriboUag poiota bava aoBdodtd to a«alt
bofor* raaomiDK •paraUow. Tbar* waa

boworar, a tUr BMraiaaBl ta aataa daaorlpOiMa o( ilntiioallii looia
trom tint baada, aad otiietl/ aaiiniD labrlca toeb aa wool flaaaala,
boala/7, worotad drcao ffooda, Wotrju. ahawU, fah akirta, ice.,
maallaatcd a HMdatala itgnm ol actiTlty. Tbe print market
barama aaaattled rarly in the week hj iba redaction of Cdtbaou,
Maadiealar aad PadAo priota to Sic, which had Iba efleet of
atlmolaUBC tka ilomoail far tbaae ataodard gooda, while ereatlog
a d a prioaleB im othar iB4ikaa of lee* rppaUtioa which era held at
tba aaaM price. Dombatic gooda are h<-ld wHb eotwiderable flrmaeeo, bat at ptieea aflbrdioc a yrrj aliKbt maritia of profit 10
maoafactarero. ProdaeUoB of cotton gooda baa been farther
decreaeed hj eloeinic aearlj all the Fall Rleer print.eloth millii on

amoog

ffoods mllle are aboat

Pk«».

.

S,

1875,

1875

.

Pkaa

Valaa.

,

Vale^

|7:«4»

I.«7S

t**7,081

1,014

4ao.JM
407400

*aO
**3

SH.OII

as*

tii.t.,..

15T,(«I

*44

SS*,8<a
Ifi.***
194.880

4»t.l,,>

la

tW

*l*jn

154
4«(

r.3.4u
}Uk0.i

MO^

Ml
*»

tbe operatlrpa, aad maaj of the woolen
to ran on ahort time becmoee

waatlBg

4o
4a

silk

I«7

4e

lax

»8*
7S

eettaa..

MlseaDaasoa* Iry cao4a.
Total

Ad4aat:a

pfi

k-t.

Iblall

m

I.7SI

aaatooataaef
4o
4o
4o

waol...

888

I4BJM

HO
148
481

ieil,8lS

S*
44T

11.4T4

Ml

11,8*8

181

mm

t,fn
i,r

4,98*

<1.7tlRl

.

988

U8l8vi
141,98

t*li>.!R*
1. 943.843

4,800 t*.»4,*8«

Mmno

•490.080

1,880

cnltoa.
silk

545
888

t4iS.8S1

imjM

roa waaaaoosiaa

lax

t<(a,t(n

*,4SS|1.0I7,NI

488
*7S
C8

lltl.ll^
91

I

41.-,

A

a

lu.i -JS

1,57:1.774

IMal aaland

8.98S 11.970.964

4,790

$44)*.' i;i

t«.Of-.>,

few articlea ol domestic manufacture
Cottoai Kali Daek.

prieea of a

Woodbarry aad nrnld Vo. 8
No. 9
Mill* aad riMlwIng.

5aO
Ho,l

Wo.*

H&8
No,*

Ha*.

acted in

a^ ••••* *«*>,

Nou4

..M

18
1,009
8,781

ai the port .4,574 t*.814.Wr

40
«8
88
84

8*
*0
*8

m

IB
*4
*«
1*

KcIO
LIgbt dock—
B<«r(So8.i**ln..
do bear; (9as.).
.

Mont.HavensiMn.
40ta.
do

17

«l
19

M

1

M

1.5r3,-.VJ

im

1.94i.««3

anaaz

.-.

13.11.1

8,854 {8.115,9

4,638

Wa

W,'
108.1

1.87S

^781

Total
TSfl
444asf<irereoaaani.t a 4.SM
.

t*4l.?..>
90. 1:1

aaaa paaios
I08.VI0
197.4J4
141,707
«»,t:5

.

IIlK4ilaaao«a dry goods.

prices are ao

low aad iiB|miliM . A allffht improremeat io to be
the jobbiof braa«haa of tbe trade aad more laqairy for

»44a,81l

t,OJl
4,880

4 %

tjsM |I,94V43
3.1m |1.S7J,7.J
mro ras aaaairr ninuico
*

WABaaooaa a*d raaewa

saaiaatafaserwool....

fortbar doralopmnaia

aaeoBBt of a atrike

*•*

1»74

,

aaaa raaioo.

oopo In the WaM bao bad a d«pf«*ala|(
markat tUo we<-k, and bayvro from oomo of

Tho damaffo done

.

Valaa

4.**» 11,958,388

wcT>D4uwa

DRY GOODS TRADE.

THi:

1*73

.

rhat.

Ontario and WoodUxy
In.
UHA Hlandard

do
eo
do
do
do

KM

8 ox.
9 ox.
10 uz.
1* ox.

lAox.
Ontario Twls,*»tn.
8810.
do
XxtwU-'PoUUB'*"

:"
.-.'
'.

1

1:1

H
9i
.3

1*

THE CHRONICLE.

ll

Ocean Steamships.

Oommeroial Cards.

CuNARD

BrinckerhofF, Turner

&

Co.,

aod Deal
Dealers n
Mannfitctnren
n aDd

dOTTONSAILDUCK
And

all

"AWNING
ITmlted States

A

STRIPES."

to the North of 42.

BnntlnK Company.

AGENTS FOR
Burllneton Wnoleu Co..
Clilcopee JlTs Co.,
Kllertoii IVenr Milla,

SaratOKa Victory Mfg Co.
15

BOSTON.
Cbacnokt

Wed., Sept. 8
Wed., Sept. 15
Abyssinia. ..Wed., Sept. 22
Wed., Sept. 29
AlKCrla
Hilt., Sept. 4
China
Scythia
Wed., Oct. 6
And every following Wedncbdiij and Saturday from
Vork.
Steamers marked * do not carry steerage passengers.
Rates OP PASSAOE.—Cabln, $^, tlOU ujid $130 gold,
according to accommodation. Tickets to Paris, $15,
gold, additional. Ueturu tlcitets on favorable terms.
bteerage at lo w rales.
Steerage tickets from Liverpool and Queenstown
and all parts of Europe at lowest rates. Through bills
of lading given for Belfast, Glasgow, Havre, Antwerp
and other piirts on the Continent, and fur Medltterranean ports. For freight and cabin pawsage apply at
the Company's olflce. No. 4 Bowlini; Green: forsieerago passage, at 111 Broadway, Trinity Bulld.nR.
CHAS. G. FUANCKLYN Agent.

Direct Line to France.

&

Co.,

The General Transatlantic Company's
Mall Steamships,

ooniinissioN merchant!

BETWEXK

NEW YORK AND HAVRE,

REPRESENTED BY

CALLING AT BREST.

«e>f Pine

.

CORI.IE8,
Street.

New

York.

I.ARD PACKED FOR
ALL, CLIMATES.

First cabin. ti20 and $110, according to
tion. Second cabin. (72. Third, ^40.
lietnrn tickets at reduced rates.

<1

CKDAB, COB. WILLIAM

Buy and sell Itailroad Investment Securities. Co
CoupoBB and Dividends. Xegotiate Loans and
draw Billa of Exchange on London.
Agents of the
lect

CAMBRIA IRON COMPANY,
JOHNSTOWN,
STEEL RAILS.
of

Pa., for the sale of their

All business relating to the Construction
ment of Railroads un iertalien.

IRON and
and Eqnlp

&

Tasker

Morris,

Co.,

Pascal Iron Works, Phlladelpbla.
Tasker Iron Works, New^castle, Del.
HAHIIFAOTt7BEB8 OF

LAP-MTELDED AMERICAN* CHARCOAL

IRON BOILER TUBES,
of every description, for Gae, Steam, Water and
Oil, Steam and Gas Fitters' Supplies, Machinery
for Coal Gas Worlts, Cast Iron Water
and Gas Pipe.

IMPROVED SUGAR MACHINERY, Ac,
OFFICE AND WAREHOUSE

Ac.

:

GOLD .STREET, NEW^YORK.

United States

accommoda-

Rolling Stock

Company

Are now prepared to Lease

IiOComotlTes,

Pisseuser Cars,

Baggage Cars,
Grain Cars,
!$tock Cars,

sttngers.

and Coal Cars.

GEORGE MACKENZIE.

For terms and information apply to

Agent, 55 Broadway.

JAMES

B.

General Manager.

Mayhew &

ST.,

New York.

Steerage, $t6, with superior accommodation and
including all necessaries, without extra chiirge.
Sicainers marked thus * do not carry steerage pas-

OF LARD OIL A D STEARINE.
NEW YORK.
ESTABLISHED 1841.

BABKB S

Co.,

THE

The splendid vessels on this favorite route for the
Continent, (being more southerly than any other,)
will sail from Pier No. 50 North River, as follows
Satorday, August?.
•PERBIRE, Danre
FKANCE, Trudelle
Saturday, August 21.
•VILLE DE PARIS, Lachesnez
Saturday, Sept. 4.
PRICE OF PASSAGK IN GOLD (including wine.)

PROVISION DEALERS AND MANDFACTUBER

B.

&

Kennedy

:

JEWELL,HARRISON
& COMPANY.

prRE

KUrVEDT. UEKBY X. BAKES. JOHIT

S,

No. 15

Yokobama and Hloeo, Japan.
E. -W

&,c.

WROUGHT IRON TUBES & FITTINGS

ONLY

St.

B.

BANKERS AND MERCHANTS,

•Russia
Bothnia

New

PHILADKLPHIA,
DAYTON, 230 CHIBTNUT SteeeT.

Smith, Baker

I

'

In etock.

fxraabinstoa milti,

NKW TORE.
& 45 WmT« Stbhit.

J.

J

E. R.Mudge,Sawy er&Co

J.^W.

B^NOTICE.— with the view of dlmlBlshlnjs the
chaDces of collulon, Iho steamers of this line take a
speclHeil course for all suasous of the year.
On the outward I'aasitKi; frciii Queeiistown to New
York or Koston, crossing Meridian of 5U at 4) Lat., or
aoiUlug to the North of 43. On the Homeward Passage, crossing the Meridian of 5U at 42 Lat.. or nothing

Bothnia... ..Wed.. Aus. 11
Abysslula.. .Wed., Aug. 18
Algeria
Wed., Aug. 23
Scythla
Wed., Seiit. 1

AnenU

tolliopplrall'mauu and Colon always
No. 109 Daane Street.

43

Line.

THE BRITISH AND NORTH AMERICAN BOYAL
Mail stkamshu's.
between nkw volik and liverpool,
CALLING AT CORK HAUliuR.
FBOMNEWTORK.
FEOM MEW TORK.

'•

1875.

7,

Railroad Material,
JOHN

klnda of

COTTON CANVAS, FELTING DUCK, CAK COVER
IHG, BAGGING. ftAVENSDUCK, 8Aa TWINES
ONTARIO" SEAMLESS BAGS,
*C.
Alaa,

[August

For Liverpool,

74

&

HODGSKIN,
76

Wall

Pope

treet.

New

York.

&

Thos. J.
Bro.,
(Via Qaeenatoirn)
CARRYING THE UNITED STATES MAILS.
393
Pearl
Street,
New
Yorh
THE LIVERPOOL AND GREAT WESTERN
COMPANY will dispatch one of their flrstOUS— SPERM, WHALE, ELEPHANT & LARD. STEAM
clasa full-power iron screw steamsuips from
Pig Iron, .
C AND I- KS— SPERM, PATENT SPERM, PAR- PIER No. 46 NORTH RIVER, EVERY TUESDAY as
follows:
AFFINB, ADAMANTINE, HOTEL AND
Angust 10, at noon. RAILS, COPPER,
DAKOTA
WISCONSIN
AuKuat 17. at 3 P. M,
RAILROAD.
SPELTER, TIN, LEAD,
Angust 24, at 11 A.M.
WYOMING
For Export and Home tise.
August
31, at 3 P.M.
IDAHO
NICKEL. RIS'.IICTII, let.
Sept. 7. at 10 A. M.
MONTANA
PARAFFINE OILS, WAX AND BEESWAX.
WM. BOBDES.
L. V. LOTBT.!.
.Sept. 14, at 3 P. M.
NEVADA
F.

LB.

Co.,

140 Front

Street,
ItANtjrAOTURBKS Or

Wm Pickhardt&Kuttroft
inPORTERS
AND
IK

CHEMICALS, COLORS, DYESTUFFS,

Pier No.

Soi 23 cedar Street, Neiv York.
Offices In Philadelphia

(

Special Partner

'51.

Co.,

North River.

Augusts.

August 21.
ANDES
FOR KINGSTON AND COLOMBIA,
Angust 13.
ETNA

ALPS

August 31.

Consolidation of

and

No. 11 Old Slip,

Co.,

the

PROTIDENCE
&

Co., or China,

New

Westcott Express Company and at

319

Broadway.

Rkpsxsbhtbd bt
St.,

offices ,of

York.

CO..

W^ALLKILL LIME & CEMENT CO.

PHELPS,DODGE &Co
CLIFF STREET,
New York.

Line

NKW

leave Pier S3. N. R., foot of Jay St., at S p. h. dally, except Sundays.
Through tickets to all principal points In New England and the Provinces may be oblalued at Railroad
and Hotel Ticket Ortices. State-Iiooms secured at

Canton, Cblua.

104 Walt

Line between

FOB PROVIDENCE, NEWPORT AND BOSTON.
Steamers RHODE ISLAND and NARRAGANSETT

York.

Sbangtaal, Foochonr

OLYPHANT &

STONINGTON

HOOPS AND RODS.

FALL RIVER LINE STEAMERS.

Wall Street.

VOhK AND BOSTON.

COMMISSION MERCHANTS,

HoHK Kons,

NAILS, BANDS,

OLD COLONY STEAMBOAT

Between John and Fulton,

STOIVIXGTOIV LINE.

The joooiDK Trade ONLY Supplied

Olyphant &

PROVIDKNCE

York,

CUMBERLAND COALS.

STEAmSHIP COMPANY.

or

New

FALL RIVER IRON W^ORKS COM'Y

FOBWOOD

68

71 W^est St.,

BORDEN MINING COMPANY,

Superior flrst-class pnssenger accommodation.
& CO., Agents,
PIM,

SVPER-CARBONATE

SODA.
New

ic

AGENTS FOR

Providence & Stonington

MANUFACTURERS OF

Borden & Lovell,
COMMISSION MERCHANTS
70

FOR HAYTI AND VENEZUELA,

No.

D wight &

low

screw steamers, from

CLARIBEL...

and Boston.

WM. PICKHARDT. i^„„„., „.„„._
ADOLF KCTTROFK, General Partners
BADISCHB ANILIN & SODA FABRIK

John

at

BI-MONTHLY MAIL SERVICE TO JAMAICA,
HAYTI, COLOMBIA and VENEZUELA.
Flist-ciass, full-powered. Iron

&c.,

Branch

No.M Broadway)

For freight or cabin passage applr to
WILLIAMS & GUION, No. 63 Wall Street.

^^ Atlas Mail Line

iuerchants

oeinniissioN

Cabin passage, 980 gold.
Steerage passage (Office
rates.

L19IE.

VIA PROVIDENCE DIRECT.
Steamships ELBCTRA and GALATEA leave Pier
27.N.R.,foot of Robinson st.,at5 p. u. dally, except
Sundays. Direct route for Worcester and all Northern
points via Worcester.
Freight via either line talten at lowest rates.
D. S. BABCOOK, President.
Ii. W. FHiKINS, General Pass. Agent.

IMPORTERS AND DEALERS IN

&

Tin

Roofing Plates,

OF ALL SIZES AND KINDS.

PIG TIN, R17SSIA SHEET IRON,
CHABCOAL AND COMMON SHEET IRON,

LEAD,

SHEET

Spelter, Solder,
'""

ZINC, COPPER
Antimony, &,

'ttANUFACTURBRS OF

OOPPBR. BRASS AND 1VIRE.

.

I

Angwt

1876

7,

CHRONICLE

iflE

J

Financial.

&

Co.,

s» waLm. MT., n. t.,

gwutm

I—

n.itilint eaah mpoilnit, ornlfarictarT
e( r«p«ra«B>. Ctnalw CndiU for TraTtlcn, In toOari
aad Mljuciii cooatrtw.
Cor •• IB lb* Unlud
m Mmt for •• ta anr I'ut e< Us

FinanciaL

REAL ESTATE
MORTGAGE
BONDS
aCARAMTKKO BT TBK

MMW

w

i

ui

Financial.

Brown, Brothers
lio.

::

Equitable Trust Co.,

THXT ALSO imum COMXKKCIAL CBKOITB.
tUJU CABLE TKAXSrKBS Of Muxn >>
TWKCB TMU COGHTBV AiiD SNOLAHn, AVD C:05I8ER¥ATIVE nTTESTORS.
URAW BIIXS or KXCUAXUK ON OIKAT ftrt Iter bare ttaa ladhrldaal UabUIn of iLe
maker.
BBITAIK AMD UULLAM0.
iMcawt—

Morton,Bliss&Co
Bakksbs,

Bboas

3

St.,

N. T.

NoUa kod LutUn-

laue dienlwr

ot

for Trmrelars;
aUo ComUMreiAl
Cndltt aTkllable in all part* of the World.
MegotiaM nnrt-Claaa Bailway, Ci^aad
State Loan* Make Tnlegrapbie TrM«fen

Credit

;

of

of

nal <«<*t« of aoi It— tbaa doeua tta nhie.
nMr«-Tk« fraavt MfaMU at both pttaetpal and
later««t of cTcry bona to nanaloed by tala CompauT.
The Cnwiiaey g aa Hn l nrt iia taeaa BoaiU raoatTM no
drrofiu, oeaa au aeaa y . aad laean ao obUgatlooa of
aay ahaneter axaopt Ibow arlalaa tran mcb euraaij
Uarabr kaapiaa lla vboie cwfial of «tae Million
Dollara aalmjigiad. TO MJCSt AT AIX T1MK» the
proaipipniaaM ef both pnadpal aod Interat of

ABaana«aia«e«ftaeMa Boada an formally apuw loUowtncEieenUTa Board
aoBXn'L.KBHBBOT. ADBIAN IBBJlt.
J^MBS
AB A._ KJ<.i«k VKLT.
8A5raj%U4n.
KUOKaK kbllt.
JOBS d.
Jobs
CHA9. Bt'TlJa.
D. MAZwt
MAZWfcu.,
CL'BTAV a. KUBCUl
UKNUr f.
Haaa«laiiMaBr(aa4ai«aB«rattBrale

;

AKD DRAW KXOHANOB ON
MoBVOir, Ho«« Jf Oo., - Lonwir.
HoTraretrKB

Hon A

A

Co.,

Co.,

-

-

-

-

-

St.

tn In

NKW TOOK 8TATR STOCKS
KaW V01;li CITY
And other flnt-clMS

STOCKS.
MlS>OtUI SIATK 8IXK8
lDve«tnieiit Securities.

nUscellaneoua.

McAlister

Wheless,

8c

conroN

OOnniSBION nKBOUANTS
MASBVILLK, TENNBSSRE.
Speela] auaoiloo elTea to Splnnera' orden.

Farmers'

JOBimMLi! kPWAJUB.

Favorite.

GIDIK AND WIXE HILLS AND PRESSK8.
Scad Cor oar new Clrcalara.

at- par
._ and

Ptaatdaat.

R. H.

YH

ALLBN *

UB A UI WATZa

2.

AaBMCT or

Merchants' Bank
or

r

Canada,

WALL UTRKKT.
Capl*«>'
- $»,04M>,oi)0 (>*M.
rBl« ap, ..... s.lVS.OBi
•

•

•

•

^^

mha

Biixa or BJuaiAiioB xuduut and
CUMMJUKJIAL CKlOttTa OiUJITkU. UK.vm u>
CAIIADA UMinOI. alLU CnlXKCTKO, AUO
UTHBB BABKUA BDalBIM TRABaAlTTUlL

—

WM.

noSIii.

f

Till:

<

Munroe

•

ALBXANDKBa, cri«LirrB« * o*^
LMi««a.
kixrr DAT BiBMLaia an tub
nONaOLIOATK* mahil, i.on»*i«.
VeauaciAi, ajid TaATaruaa Lsrrraa or

laraMad

la

Daitad Mala> Oo»ir a »aat Boada.

rtm TMMMM ^MM
e—>
M- OMam
S'VSSS'JUt^/^^ilreM
d^eait reMMdiaw Ma atfelAa jr toeear.
tSj^tmlirmi pm

far aataiaa.
D. R.

or 1CKW roRB.

Tt BreaJwar, Cer. Beeter

LTchtenstein,
BANKBKM.
Bread Btreet, New Verk.
Kxcbaon sad

laiar

Lritm of Me-

pdad^ clilea«r Vnopo.
'- tCn«uaaBkaa«liaKaMV«kekaaBa
Opaa
CnBu oa Bftai

IBVmjUt

DBITBD BTATBa B'llua.
kMalnr or Tiaataa. aad u a taaal
tm t Jn rrmrwtmm *** BMe Oaait ar Iraartinad
ten br aer aairaaala.
lauraM allowad aa daeoiMa. wMck ma ba Bade
IB

Aeiaerlaatlvl-vMait aatat faweiar. Adaiale-

Utiar. Baif

d i^

.

BoTTD>,
Waaiar,
0. O. WuAiajaa.

t. U.
B. B.

*i«»

l

BANKB««,
ran smar. tmw

3.

laavn. Wiu.aTa.
Wm.
_ wiri a e ji e a T,
Oao. Ciaor Wiao,
wa, BrruiS Mraoaa.
tKllLTIB. keerotarr..

m.

la Ike aala

or

Tablea of the Coaaaa.

on tbe la« Katutday uf meb
nooilkaada-'r»Tiiiat«eniT..«Ten paaaa. are eat In
HruMS Kaapailal. Bo. U. with ihalrPaiaai Klauraa

8c

Sterling Silver

Fine Electro Plated

LONDON OOmSrONDKNTS

niTT BANB, TkreadsMaie

Na

Wart

IMAIDRN LANK. NBEW

YORK

8TBBL, OBABOOAL,

H. k. Piarxepoat. JoalaB
Jakailalsay,

B. B. of the

^^^fjf

lanlUble

Tumbridge

8c

Co.,

BASBBBS ABO 8KOKBBB.
t Wall Street, New Terk,

IN

RXf-HANOB A D »OI.B
Wall Btreet, New Terk.

3

Wire Rope.
Aba.
Jaha r. Kolte.
rioau* Sanirca. Daal

Btreet.

Hilmers,McGowa n 8c Co

Sons,

Gorham Mt'g Company.

^t^MV
aaaaMMt ef real
» «ad 3a of Oo?

,

II,

!«

O.

—TkaStoek and Bond

pleaiaat to thai pa er.

* UHaioe aia.. Braekiya. B. r.
CAFnAL. BWJB.

Co.,

ta tfea !• ar atn OiBBi aad NallfiM4
lene Lekea •• CkeBt is* fereiira trsTM.

(P.

K. B

euL aao FnraaeiAL Oaaainot.a, pabllAMi la a >np.

Car. at Maalacaa

or aaardka^

tobk,

Co.,

The Brooklyn Trust Co.

'aataadMacteatik

M

8c

No. 13 Ckambera Htreet, N. V.

BBrBBSKNTATIVRS OP

r> tk* totooBt* of latennr haaks, taafeai^

iON

Geo. Bruce's Son

'

I

'W

BMdM. Frtaab. Spaotah,
and PoiliviiiUk wblch «a •aUln Iota lu .ult purcbuen, at low enea* for eaab
WaakodialiaaUkladaef Bevn^nUnc Uatviaia

tkto

BeeeaA TteeBPreeldeai.

I

f

PBINTINQ TVPKfl
In Ajaartea, aaaerted. tor

WHITBWBieHT,

R
••edal >a(ta«.— « RL~n<CBB
BAKK.

8c

kaap oo hand th* larseat itock of

aod
«»
UaUtBUea pm>
BBWABBnrel
KAMtt. rraaMoal.
Joseph Bachman
VfWprealtfeat.
. MeLBAN.

»at al iX iae a alaer
B B.-C««et> orDoaosluica ea
Urowb Ike <:iMrlBe Haaaa.

TWenaaUe UBa<f«~

Winslow, Lanier

We

ONB aiLLlUN BOLLABS.

XJiCOTtVB OOlOUrTBB

411 oa *ll

.

Bt.

CATITAi.

M. MeLaka.

6c

or

_

A SONS,
New York.

Nlreet,

TO PRINTERS.

oa

MAXOAJI. Praaldaat.

Joba

HRNMT HON. HoLB AosMT

mi

Union Trust Company
It*.

»l

ORiUBaABk. r

.

T

JOBBPH OILLOTT

>i \v ViiUI

PA1I>-LI> CAl'11.11.^ »l,UiM>,000.

Onnr. J.
Wm.

Knoblauch

Draw Bin*

or

IT\

MANCFACrVRXRS' WARKauUSB,

at.

6c Co.,
WbII Mr***, New York,
N*. 41 mate Bt., Boolon.
CBCI^^hS AfU CAatLB TBA»»rkia OH
nvnuoH * «'•»., fAMia.
•nmuiia csn^oas on
.<«•.

STEEL PENS.

COMPANY.

;rQa« CL

I.ONDON A«BMriF7 St Lambar«

John

OF

AeU aat rwlai

J.

CO.,

New

ST..
Tork.
Akrteilliaial Implemanta. Baada and FertllUara.

Amstekdak.

•a

Corre-

•pondaaea aolloltad.
Rkraaasoaa^—Tbird and Foarta MaUonal Baakt
and PraarMeta of TaaCaaoinoLa.

Compaar

H aa4 M wuaan atraat.

Pasib.

-

TTALL MTRKfiT.

prorad by

lk«*a8ecaittleikaarB«TaaP«r Caat laleraM

Honey

BANKERS,
N*. IS

Ilea

THBSB RKALBBTATK MUttTUAUK BONOS AKE
COMMBHOED TO THB ATTK>TION OF
TUB MOST

EiohbeadkMcandlsaArMiBortaasc

Day,

8c

(BatablUtaed 1854.)

Bay and Sell Stocki, Bonda and Oold oa ~»™iiu.«ou
Commlislon

CAPITAL.

$1,000,000

Gwynne

Bay

-aod Sail Bwick*

and

CALL*

oe MarirfM

pklat loaOad

aafMiaiad

oo appl ltattCB

for

Jeweat

Rlgclna
I>ar-

Incki. Inclined Planet. Miaint

LAUga

or for Oaak

Shlpa,

Isupenilon Rrldtea, Oayi,

FHelattnc

PCXa
at Ui«
BOX tMli
arkatrataa; (SO for (0 akaree, $100 lor
Ae e ifW i il oa efOaa- lOO akaree. TMrty-reo page aiplaiMitory ym-

and

rary beat qnallty

Ae.

A

eoaauntly

oa

Parpotaa,

Block

bead, from wblcb any dealrad
laoffth. are cat.

JOHN W. MASON * CO.,
4S Broadway, New Verke

A

THE CHRONICI.R
Financial

Financial Notioei.

CHICAGO Di;Br(t(JI<:& niNISESOTA
AND CHICAGO CLINTON

UUBUQUK

&

UA.U.UOAI) COMl'AMKS.

BONPHOI.fihKbof thee roam, who have

not

SOUTH

tory uf ihvcouiiulitea.StSSt&ieaireet, Uoaiou.

OrFiOK or PuLUtui'* Palaoi Car Coxpant,
Cbioaoo, July SO. 1S75.

THE

ollirs for i-Hle lt«

per cent inter— t. represented by Morluaires

Uuld.
S.

BABCOCK,

No.

Fred.tcntichardt,
J. lerpont Morg n,

David i>ow8,
Waller M. Burna,

James

Coijdwin.
app'y at the company

ALKl.

50 nrail Bt.

Columbia 3-65

Dist. ot

GOVERNnENT
Forty nine years.

freilueut.

F. U. Barreda,
w. Builer Duncan,
John T. Johnston,
charlea Tracy.
For further partlcnlars

60 Wall Street.

m

A.VON HOFFMANN, Treasurer.

L.

office.

"it li"t5,(X«.0IXI

D!BECT0R8:

D.

B. H.Hntlon,

,J.

J.

KOCH,

•

Yielding

Collected

BROTHERS

TREMONT EOW, BOSTON.

Cltarfres reasonable.
made In ail p.rts

tions

Abundant references.

Sc

NASSAU STRKET,

5

N. ¥.

U. S. Governtnent Bonda.of alllsBDesanddenomlna-

Beers, Jr.,

market rates,
amounts to suit all classes of tnveS'
aod Institutions, and for immediate delivery and

la large or BOiall

tors

Stocks,

GAS STOCKS,
a

3

WALL 8TEBET.

Dealer In Kailroad and InTCStment Stocks and itonds

McKim

Brothers

&

Ripley
BANKERS

&

St.,

88
AAeUSTUB

York.
£9

Albert H. Nicolay & Co.

J.

BOSTON.

WAXSTON n.BBOWN*

BBOWTf.

Brown

&

Bonner &l

O. T.

Son,

STOCKS

Every Monday and Thursday, or

MaSX ox

BPXOIAI. SALBB

JOA.

OTHXB DATS,

UPON ONE DAY'S NOTICE WHEN REQUIHKD
Onr Establlsbed Cnatom 33 Years.
t3r stocks and Bonds bought and
Tork Stock Exchange and at private

sold at the
sale

New

on commla

Ion.

tir Securities not

dealt in at the Stock Boards

specialty with this house for

fir~ First-class Municipal

many j-ears.
Bonds Railroad Bonds

and other Incorporated loans neg)tlated on

liberal

terms.

Gargiulo

&

Co.,

BANKERS AND BROKERS,
&

6 Broad Street,

NEW TORK.
Stocks, Bonds, Gold and Miscellaneous Securities
strictly

on commission. Orders by

mall or telegraph carefully attended to.

York.

Securities.

The correspondence of Bankers and Brokers throughout the country nollclted.

Funding of Southern State Bonds.
We are prepared to fund Bonds of the following
Souttiern StMtes. In accordsnce with their several
FnnolnR Acts, upon the must reasonable terms
possible i

VIRQINtA, LOmSIANA,

53 ExcUange Place,

AND DEALERS

WANTED.
Eanpas Pacific Railroad Sevens, dne 18T6.
St. Joseph A Denver City BR. W. D. Mrat Mortgage
Bonds.
Calro.& Fulton BR. First Mortgage Bond^.
St. Louis City Six Per Cent Gold W. W. Bonds.

FOK SALE.
Houston

&

Texas Central Main Line First Mortgage

Bonds.

A Nashville Railroad Stock.
P<-r Cent Special Tax Bonds.
Galveston City, Tex.. Ten Per Cent Fire DeptBonds
Louisville

North Carolina Six

BONNER &

For

IN ALL KINDS UF

DANIEL

To

STREET,

TRANSACT A GENERAL BANKING BUSINESS
STOCKS BOUGHT AND SOLD ON COMMISSION
INTEREST ALLOWED ON DEPOSITS.

X.

Grant.

G. St. .Tohw Rhkftki.i>.

OOOKX.

0.

COLTON.

Cooke & Colton^
BANKERS AND BROKERS,
44 BROAD STREET,

NEW

YORK.

Stocks, Bonds, Gold, Foreign Exchange and Mis*
cellaneouB Becarltiea bought aud sold strictly on

CommlsHion.

Smith

& Hannaman,

CHOICE raCNICIPAI. BONDS,
INDIANAPOLIS. INDIANA.

doe in

1894.

Bale

by

MORAN,

A.

Capitalists.

IN

sms
Wanted

OF

$2,000

for Applications

TO

now

In

$150,000,
hand for

FIRST niORTGAGE LOANS
ow

FIRST-CLASS CHICAGO PROPERTY,
AT INVITING RATK.S OF
Etery vahmtion

FKKQ.

78,

^soojooo

BANKERS AND BROKERS.

R. Stttoam

.

40 'Wall Street.

SECURITIES
Grant & Company,

BtDNXT

C<»..

CINCINNATI CITY 7'308. dne In 1903.
ST. LOUIS CITY 09, due in 1887.
JER.SEY CITY 78, due in 18M.
NEW YORK CITY 79, due in :886.
ROCHESTER CITY 7b, doe in 1903.
BUFFALO CITY 78, dne in 1894.

SOUTHERN AND miSCELI (NEOUS

No. 33 lYALI.

SOUTH CAROLINA,

IEHNESSEB.

York.

RAIIiROAD SECURITIES.

BliOKEBS

BONDS,

ABTD

Now

stocks. Bonds, and Government Securities hougnt^
and 8o!d on commission at the New Tork stock Kzchtnpe.
Dealers in all descriptions of Bonds and Investment

20 Broad Street, Nenr York.

ATTENTION GIVEN TO THB NBGOTI
TION OF

PINE STREET, NEW^ YORK.

IV- BEOULAR AUCTION SALES
or

Co.,

BANKEBS AND BR0KSB8,

G. T.

BANKERS,
lilberty Street, New

Levy & Borg,

stock Ancti oncers and Brokersy

bought and sold

No. 7 Wall Street, New^ York.

CLEVELAND CITY
flPKClAL

Noa. 4

HATCH.

G. C. Ward,

8'1'ATa STRIirKT,
J.

Aug.

Geo, B, Satterlee.

No. 43

4c

EtRING RROTHERS 4c OOfflPAIVY,
62 WALL STREET, NEW YORK,

SECURITIES.

New

PER CENT INTEREST.
HASSLiER & CO.,

approved deposit

AGENTS FOB

I>KA1.1ER8 Iir

RAILWAY AND CORPORATE
No. 32 Pine

&

G.

S.

Comp'y,

sale, for the present, at a price yielding

accounts received.

Co.^

FINANCIAL AGENTS,

Sc

Coin bought and sold;

foreign

Naut Vorb.

«(ir«et,

8 1-2

;

m

business connected with Investments
Government Bonds, tran^ferB of Kegintert d Certtflcates, Kzcbange of Coupon Bonds for Registered, Collection of
interest, &c., attended to on favorable terms.
All other marketable Stocks and Bonds bought and
Bold on commission ; Gold Coupons and American and
all

FISK

BA-XKERS,
47 ^V«I1

GOLD BONDS
1 or

No. 20 Broad Street,

Collec-

of the United states.

Brooklyn

A limited amount ot their

FIRST noRTGAGE SINKING FUND

CO.,

tioiu, bo'jghtandBOltl direct at curreDt

N. T.

ment, a very profitable and absolutely safe investment,
aod open<4 an entirely new western route to Boston
and Portland.

BANKERS,

OFFICE

CAKKOLL,

S.

The sale of the First Mortgage Bonds (t90,000 to the
mile) gives ample funds for the completion of the
road, and Insures, under Usable and faithful manage-

New York.

& HATCH,

FISK

AT THK

7

per cent.

Ogdensburg

Railroad,

>e6.,;875.

Bankera,

LAW AND COLLECTION
Ol R.

Coat 5 2-3

&

Portland

'

ssecietary.

ROI.I.INS

Bills

BO?(D«'.

on the

*'
An'l the faith of the U. S. Is hereby pledged that
" the U. S. will, by proportional approprUilon at coii*' ten^pla'ed
In this act, and hy cau-lng to be levied
**
Upon the propel t\ wltnln sain 1)1 trie, such taxes as
"tvilldofco; p ovlde the rcveaues necesfary to pay the
'
Interest on said bnndH aH the i^atne tnay become due
" and pavHb e. and create a sitikInK futuf for the pay"ment of th principal at maturity.'*— .4c( Cantf'*«««

Financial.

Bad

TEEMONT DIVISION OF

A LIMITED AMOUNT OF THE ABOVE
CHOICE INVESTMENTS FOR SALE BY

H. A. SCHREIIVER,

NEW

A SAFE AND PROFITABLE
ENGLAND SECURITY.

i

II^ITKDSTAXKS MORTGAGK
HnnclB. btarlng 7

THK
COMPANY

i>^itK:

SEVEN PER CENT BONDS.

)

oaUUndlnt: lionU> of Ha Isaneof f 1,000.000 8 per
tn
cent, Brat aerlea, due Not. 15, 1975, at any time prior
that date, with accrtied Intereat. on prcieutallon at
the olHce ol me rarn.era' Loun and 1 ruat Coiipany,
CH AKLKS w. ANUELL, tecretary.
^ew York.

proved Real Jiiuie and by a Capltnl of

Illinois,

SECURITIES. INCHJDINQ

re-

UH

1875

7,

Financial.

Cook County,

celvc'i circnlari co^ ceruintf foreclosu'-e, can obtain
4HLK^ P. IIOWDITCII, Secrethem by applying lo

THI*t COnPANY UriLL PAY

[August

reliable,

JOSlAH

IIITEHKST.

and not over 10 per cent of

present actual value required.

H.

REED,

20 Naaaau Street.
Thirty years' arqntlntance with Chicago, and City
references of the highest character.

CHARL.i:S OTIS,
47

EXCHANGE FLACK,

City Railroad

and Gas Stocks,
Specla;tr for 19 Yeara.
See qnotatlona of ' Local Becnritlea" in

tiiii

yaper