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MERCHANTS’
HUNT’S
THE
REPRESENTING
~
-
-
—
-
INDUSTRIAL
~~
—
AND COMMERCIAL INTERESTS OF THE UNITED STATES.
~
!7.
VOL.
i
and
of July
The Debt Statement for
173
Bank of France
The Uses and Abuses of Con*
tracts for Fut'ire Delivery
174
179
Latest Monetary and Commercial
175
Railroad Earnii ^s for
July, and
January I to July 31
177
178
August
Changes
in the Redeeming
Agents of National Banks....
Proposed Resr niption rby the
English News
Commercial and
News
177
179
..
Miscellaneous
180
Financial Review of the Month
THE BANKERS’ GAZETTE.
Money Market, U. S. Securities,
Railway Stocks, Gold Market,
Banks,
Boston
Investments and State,
186
City and
187
Corporation Finances
THE COMMERCIAL
Commercial Epitome
Cotton
BreaastuOs
185
....
Banks,
Philadelphia Banks, National
190
TIMES.
\ Groceries
194
191 ! Dry Goods
193 ! Prices Current
195
196
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THE FOREIGN MARKETS AND OUR RAILROAD BONDS.
It is
a
necessity of
our money
market that
we
should
have free
supplies of capital from the money markets of
Europe, and there is a reciprocal advantage to old countries
in such
access
surplus capital.
almost
it
as a
to
the demand here for their accumulated
This observation is
so
familiar
maxim of international finance.
In
as to
rank
illustrating
short time ago
in regard to England, we ventured to
predict that British capital would shortly begin to seek
a
railroad investments in
this
country to
to the
the choice of British
to
carefully-selected American
he desired, or can be made.
a
judicious efforts by Mr. Cracroft, Mr. Giffen,
.
-1
—
investors
who
are
good railroad bond ought to
On the fact that the intrinsic
railroad securities is
beginning to be be’ter
England, and will be still more appreciated
in proportion r.s the habit
spreads of itives ing in them, our
hope chiefly rests for a foreign demand for our railroad
bonds. B this anticipation is likely to l>e verified, then
there is a ready answer to the question which
gloomy
people arc always asking of late, how we are to get money
our
understood in
build
our
raise from
Much of this money we can
resources, and all we want is to attract
railroads.
new
our own
foreign capital into
our
true
It
is
railr< ad enterprises to make up the
that if
we
command such
cannot
supplies of foreign capital we must put a check op our
railroad progress, which perhaps has been
unduly rapid
of late.
Bui, as we have said, British capital is gravitating
that way, and its absorption is a mere
qu stion of time.
Several of the forces which are impelling this movement
are referred to
by the London Economist of July 26. First
there is the scarcity of five-twenties in the London market.
These bonds
they
are
as scarce
there
as
here.
At this
moment
almost alone in the special 4 favor they enjoy above
foreign securities at the London Stock Exchange.
Except French rentes, there is absolutely nothing, to com¬
pare with our Governments in this respect. “ There is a
pervading dullness,” says the Economi$li “ in the general field
of foreign securities, although French stocks are back to
the highest .point ever touched since the war, and United
States Government stocks have been in quite exceptional
are
all
setting
soon
will the tide of investment which has been
strongly toward our government bonds turn in
of our railroads, now it is checked by the
scarcity ot five twenties? Obviously the impu'se will come
a3 soon as the investor
gets to know that our good railroads
are as secure as our tive-twenties, and
pay much better.
Secondly, our cotempcrary shows that the British market,
while it has so eager an appetite for our bonds, is sick and
surfeited of almost everything else in the department ot
Foreign securities. If this is the cas^, our railroads will
have a still better chance of getting themselves appreciated
at their true worth, and will no longer be jostled aside by
so
the direction
the
importunate noisy
have
heretofore
favor.
What
greater extent
than it has done, and we supported our statement by refer¬ gives u* a list
ence
~
try American securities. A growing number
of shrewd
bankers in
London think, and the opinion
is undoubtedly
correct that no better security than a
favor.” How
B3F“ Notice is hereby given to subscribers of tlie Chronicle
that no person is authorized by the publishers to solicit the binding
of volumes, and any party calling upon them for that purpose
does
~
NO. 42b
remainder.
TERMS OF SUBSCRIPTION—PAYABLE IN ADVANCE.
The Commercial and Financial
John
..zm7~
desirous to
to
The Commercial and Financial Chronicle is issued on Satur¬
day morning, with the latest news up to midnight of Friday.
“
n—. i
others, to give greater facilities and more intelligence
worth of
182
eic
Quotations of Stocks and Bonds
New York Local Securities
Foreign Exchange, New York
Subscription price
“
^.—
~v**
-
and discretion
THE CHRONICLE.
City Banks,
-
SATURDAY, AUGUST 9, 1873
The Foreign M irkets and our
Railroad Boiuls
-
>
-
CONTEMT8.
from
MAGAZINE,
We
host of speculative securities which
outbid
are
them
and crowded
these competitors?
of them.
subjoin it as follows
them
out of
Our cotemporary
And a very impressive list it is-
:
BONDS WHICH COMPETE
WITH AMEBIC AN
Price
of
Issue.
>r
Present
Price.
Total
Capital
Affected.
deprecia-
£
nomi- loss per
nal £100. cent.
£
£
Bolivian 6 %
1872
Rica, 1871 (1st issue)
do.
(2d issue).
do.
7jf, 1872..
Honduras lo
1870
Paraguay 8
1871
Costa
40
28
41
1,156,000
52
20
28
52
22
30
360,000
370,000
1,903,000
2,000,000
800,000
1,700,000
530,Cff0
9,635,000
11,625,000
74
.
.
.
82
56
26
32
80
17#
62#
78
36
44
55
32#
52#
62
22
48
68
.
.
Domingo 6?, 1869
Peruvian 6 £, 1870
do.
5 %, 1872
80
85
70
1872
do.
£
72
.
£
63
,
£
San
81 >4
.
77#
Price
71#
59#
9#
12
18#
24
tion.
474,000
101,000
111,000
630,000
1,560,000
440,000
1,054,000
360,000
1,162.000
2,790,000
Spanish 3£
Egyptian, 1863
.
.
Turkish 5 £
*
34
18
47
*78.200.000
92#
54#
87
5#
6
52
2#
5
*27,750,000
*43,GOO,CoO
8,582,000
36,800,000
1,650,000
2,180,000
49,212,000
29,594,000
1S72.
These are Estimates
16
market value of the various stocks of
which have been subjected to depreciation.
of the aggregate
Spain, Turkey and Ejrypt,
estimating the prospects of these rival securities, this
exposure of tneir past doings is very suggestive.
They
have robbed their friends of some f)0 millions sterling, or
In
$250,000,000. Within a twelvemonth, out, of a capital of
£179,144,000 they have absolutely destroyed more than
one-fourth. No wonder that while the investors of a rich,
cautious country like England have become disgusted with
such speculative securities, they are turning more and more
to the class of sound, stable bonds to which we have
referred.
Our best railroad bonds, if not so firm in the
as
governments, are
“
*>
.so
secuffties sold and
exported from France, where, fpr years past foreign securities
been
vast
a
aggregate of such
of hundreds of millions
to the amount
of dollars have found
lodgement.
The three milliard loan * of July, 1872,
dislodged these securities, caused them to be exported,
and has filled their place in the French portfolios with
rentes.
It is because the German indemnity has been paid
with these securities so far that there has been till now no
187023—-MNSFeopvtumabyr
France has exported
exportation of gold from Paris.
securities instead of gold.
These securities are now press¬
ing for sale in unwilling markets. How far the British
demand for American bonds may thrive, in spite of this
hindrance, remains to be seen.
PROPOSED RESUMPTION
BY THE BANK OF FRANCE.
i%gold reserve by the
Bank of France this week is accompanied by a revival of
the rumor of an early effort to resume specie payments.
Of course ho such project is likely to be tried prior to
September, when the last instalment will be paid of the
indemnity to Germany. Whether, even then, the enterprise
The loss of
37,000,000 francs of
undertaken, admits of doubt ou many accounts, not
least of which is the payment that is sometimes spoken
will be
the
of
as
“ deferred
war
expenses,” the aggregate of which is
intrinsically quite as sound large and uncertain. But, supposing that the obstacles in
In England as here, there is a scarcity of all first class this direction were out of the way, there would be a more
formidable impediment in the stupendous aggregate of
investment, and it is gratifying to us to see our fivetwemies and ten-forties, like consols, English railroad the notes of the Bank of France, now in circulation,
a considerable part of which might
reasonably be expected
bonds, Indian and Colonial securities, keep their prices at
to be displaced in proportion as specie emerges from its
the Stock Exchange, while the value of dubious securities
like those mentioned above has been melting away like ice hiding, and coin enters once more into the mass of circu¬
lating money. By the last report of the Bank' of France
in summer-time.
Nor is it any drawback to our expectations that the on July 24, the currency of the institution was somewhat
in excess of the limit set by the law of Dec. 29, 1871,
cliques at the London Stock Exchange have suffered keenly
which fixed the maximum at 2,800 millions of francs, or
by the fall in these arid other securities. They have been
By what authority this limit was exceeded
stuck ” with fancy stocks which they hoped to pass on to $560,000,000.
we shall presently
explain. On the 1st of May last the
the public, but which nobody will now take off their hands
notes outstanding had reached the sum of 2,815,548,635
but at a heavy loss.
This is not the class of men, however,
to whom we look for a market in England for our best francs, and at present they amount to 2,909,915,695 francs.
outstanding circulation since the
railroad bonds. These bonds are not a sport and a football The variations in its
for speculators, but a serious investment for Iona fide suspension of specie payments -are shown in the following
capital. As regards this, however, there are two things table :
OF TIIE BANK OF FRANCE—1870-73.
which
may perhaps be
questioned,
First, is there
Francs.
Dollars.
market
B,
have
has
179,144,000
<>
only a small part of the rival securities which
successfully competed for foreign capital. There
table contains
SECURITIES IN LONDON.
Lossper Actual
CIRCULATION
not
late?
t* p;
■t
i:
p
'*r±
less
It
of
is
this
no
loose
secret
capital seeking investment of
that
trade
is
not
so
good
in
England. People there are not saving so much, because
their profits are less and business has fallen off.
High
prices have checked exports, and England is sensitive to
any decline in her exports.
Perhaps the changes in the
Cabinet on Thursday last were due as much to the nervous¬
ness and bad
temper ol D ime Britannia about this sl'ght
,
297,940.000
28
1,489,700,000
1,745.050,775
1,907,374,805
9
2,291,832,155
458,360,431
2,330,339,485
406,007,897
473,360,798
479,199.429
485,060.755
1870—January
....
8
4..
1872—Febiuary 11
2,306,834,990
1872—April 19
2,395,997,145
2,425,303,775
1872—July 25
349 010,155
381,474,973
2,623,854,315
1
1873—July 24
524,770,003
2,815,548,635
2,909,915,695
28
563.109,717
581,983,139
assigned for the
movement.
It might, perhaps, even go hard with the
ministerial party if the election were to be held just now.
Certainly in the Stock Exchange and the depression it com
plains of this decline of business has something to do with
the trouble.
It may make the investing class feel poor,
or distrustful, or inclined rather to lock
money up in bank
than to buy doubtful stocks with it.
How far this state
of things causes old discredited securities to be pressed on
the market for sale we cannot say ; but the rate of interest
such men get for their deposits in bank'is so low that
they
will soon be tempted to do something with their money, if
they can get a safe investment to put it into, so as to pay
learn that the notes have increased *
the surrender of Napoleon on
the 2d of September, 1870, from 1,745 millions of francs to
2,900 millions, being an increase of 1,160 million francs, or
$230,000,000. As the Bank of Franco enjoys the sole
monopoly of issue, the aggregate of the currency afloat in
France has never yet reached 600 millions of dollars, and is
now considerably less than we have in this country.
Still
with a suspension of specie payments, a much smaller issue
of paper in 1862 and 1863 in this country caused a large
premium on gold.
Why there has been so Untie ot
depreciation in the paper money of France is a questi >n
which well merits inquiry, and has heretofote received
well.
little
loss of her trade
It must
be
as
to
the ostensible
causes
remembered, however, that the foregoing
From these
figures
we
since the battle of Sedan and
elucidation from French economists.
Some persons h^ye ascribed the resistance of depreciation
or
no
THE
August 9, 1873.]
CHRONICLE
175
gold reserve held in the Bank of France. At payments should continue. Perhaps the pressure of these
the time of the capitulation at Sedan the gold in the bank payments may suggest one explanation of the lack of
was 808,002,713 francs.
On October 5, 1S71, it hrd fallen depreciation in the French currency. But, if this explanation
be correct, the cessation of the payments in September, with
to 626,601,408 ; on October 3, 1872, it rose to 786,744 567,
the completion of the indemnity to Germany, will stop this
and on May 1, 1873, to 811,844,458. The returns for July
extra demand for currency, and if the Bank of France is
23 showed 740,687,878 francs in vault, so that at present the
not then prepared to redeem
and retire a large amount of
amount is about 700 million francs, or 140 millions of dollars
its surplus notes the tide of depreciation would begin to
Now, the argument is, that as the bank throughout the last
be indicated.
If the Bank can prevent this, and can keep
three years of suspension has held from 600 to 800 millions
its notes at par when the reaction sets in, then specie
francs of gold against its 2,000 to 2,800 millions of circula¬
to
the large
the freedom from depreciation to payments might be restored, and resumption could
be formally established at an early date. The whole
has averaged over 30 per cent.
Others argue that the reason there has been no deprecia question turns therefore on the powers of the Bank o
tion of the French currency is that there has been no France, and on its command of means to take up its surplus
notes.
How far the loan of 200 million francs of its gold
excess, and that no redundant issues have been made.
impaired this power,
reserve to the Government may have
Gold and silver coin having disappeared fiom the circula¬
and whether the drain of 37 millions this week is to be
tion, the new issues of notes, they say, have been only
followed up by subsequent losses are points which will be
enough to fill up the place of the banished coin. The law of
watched with interest.
1872, which authorized the “ three milliard loan,” gave per¬
tion, we must attribute
this large reserve, which
France, it the necessity should arise,
to increase the volume of her currency from 2,800 million
THE USES AND ABUSES OF CONTRACTS FOR FUTURE
francs to 3,200 millions, the largest sum of irredeemable
DELIVERY.
paper ever allotted to any bank in the world. The permis¬
In the Chronicle of June 14, discussing a judicial decision
sion has been cautiously used, as will be seen from the fore¬
rendered in Alabama with regard to dealings in mercaandisi
going figures. We have here a new illustration of the where the actual delivery of the merchandise contracted for
mission to the Bank of
sound management wrhich 1ms presided over
of the Bank of France for the past quarter
The institution
offers in
this and
some
all the affairs
is not
of
the
a century.
other practical
points a conspicuous contrast to the management of the Bank
of England.
How much the actual depreciation of the
French paper money may be at the present moment we
cannot say, as there is a lack of published statistics on such
points, and the methods for measuring the daily changes in
the value of the currency are not so complete as with us.
We cannot, therefore, discern with much accuracy whether
there be any serious depreciation, nor whether, if there be,
it is increasing or subsiding.
Perhaps the chief danger of
contemplated until a future day, we incidentally stated
fact that contracts of that character had become an im¬
modern commerce, and were of benefit
producers. Our space at that time did not allow us to
give that full discussion to the subject which it demands,
and we therefore wedeome the article of the Daily Sun, of
Columbus, Ga., June 24, to which our attention has been
called as leading to a more careful explanation of our
portant feature in
to
-
position.
All trading—that is, buying and
selling of commercial
commodities for a profit—necessarily partakes of more or
less risk incident upon fluctuations in price of the article
it arises from the small note circulation.
It is more than a
dealt in, and changes in the relation of supply and demand>
year since the issue of the smallest not<js began.
At that production and consumption. The old-time merchant tilled
time the circulation of the bank was officially repor ted as
his ship with a cargo and sent her to foreign parts where it
follows:
sold, and a return cargo bought and brought back for
BANK OF FRANCE, 1862.
sale in the home market.
The round voyage often occupied
384,445,000
Large notes
or
more years.
The man of sagacity, forecast and
41,800,000
209,000,000
Twenty-five francs ($5)
54,800,000 thorough knowledge of the trade in which he was engaged
274,000,000
Twenty francs ($4)
4,000,000
Five francs ($1)
generally successful ; while ill-planned and ill-manased
485,045,000 ventures were as generally disastrous j this usual
2,425,000,000
Total
result
often changed by some misfortune or lucky turn in
Since this report over 400 millions of new notes have
been issued, and how large a part of the present circulation aflairs that could not have been foreseen. The more limited
consists in the five franc and twenty franc notes is not transactions of later times, those which included only
known. Before the war, and during the reign of specie the the export or the import of a single article, or common
of the home trade embracing a
smallest notes of the bank were, if we mistake not, for 100 mercantile transactions
stock for only three or six months at retail or wholesale, all
francs, or 25 dollars, about equivalent to the £5 note, which
is the smallest issue of the Bank of England.
On the involve the same elements of risk during the period between
the purchase and the sale.
whole, therefore, the question of redundancy is a difficult
Since the introduction of the telegraph and quick means
to
We cannot loll how much coin has been
of transportation these risks of fluctuation have been reduced
displaced, whether $150,000,000, according to some author¬
to the minimum.
Sure of replenishing at any time on shoit
ities, or twice that sum, as is affirmed by others. And if
knew precisely how large was the vacuity thus opened notice, the distribute g dealer takes lighter stocks, leaving
for paper money in the channels of the circulation we the heavier risks upon the importer and the producer, or the
A merchant in Calcutta has
should still be without other data of importance for the intervening wholesale dealer.
advice of yesterday’s market in Newr York.
He takes up
filial solution of ths prt ’*lern.
ship, buys her cargo of flaxseed, gunny bags, jute, indigo,
There is, however, o:ie suggestion which may be worth
notice. It is said that the heavy international payments iSzc., of which he telegraphs to his correspondent in New
which have been going forward during the last three years York or Boston, and such part of it as carries a satisfactory
must have created a demand in France for more than the profit is sold for arrival before it is laden on board the ship,
normal aggregate of currency. The demand being increased the buyers carrying the risk of fluctuations during the
If the
for lipfes, a larger issue than usual would be tolerated, and voyage, unless they sooner re-sell to other parties.
ftpuld indeed be needed a$ long as those heavy international cargo has been bought in the home market for consumption,
was
LARGE AND
851 ALL NOTES OF THE
Francs.
Dollars.
one
was
was
one
answer.
we
a
■
i
'~M
1
■
11
11
*****
1 1 1
'■■■■■■■ ■ ■
1
■'
'
■'
[August 9, 1873.
CHRONICLE.
THE
176
■■■ ■
....
It will be said that although the transactions cited are
mill, and the other articles for those
who want them in their usual trade, these parties in turn legitimate as to one party in every case, and in the line < f
will proceed to contract the sdeof their several productioiiSj a regular and prudent business as to that one, the other
upon the certainty as to cost of their raw material.
The party, as, for instance, the party who may contract to sell
merchant at New Orleans having bought, and in process of property which he does not at the time possess, is assuming
a
purely speculative risk, beyond that of legitimate trade*
shipment, 1,000 bales of cotton in expectation of a profit
It is speculative, indeed, as is all buying and selling lor
upon or soon after its arrival at Liverpool, receives advices of
the flaxseed for
an
oil
satisfactory price, or becomes apprehensive of a disastrous profit; but it is no more so than, and is of the snme nature
decline, in either case telegraphs to his factor at Liverpool as, the contract of a builder to supply the materials f.nd
an edifice when he is not yet the owner of any of the
to sell the cotton to arrive, to secure the profits or to avoid erect
materials, nor expects to be until they shall be required or
the loss.
Again, the cotton spinner at Lancashire or in Rhode can be obtained at best advantage. Nor, properly restrained
a
-
opportunity to contract for many months’
production of his whole mill at an assured though small
profit, it he can secure the raw cotton (o cover it. His cash
capital is too small for so large a supply, and it would both
strain his credit and enhance the price to buy upon credit;
besides, there is a shrinkage in weight of cotton bales stored
for some months, and there is the cost of insurance, interest
and storage.
He applies to a cotton dealer or importer,
who agrees to furnish him 200 bales per month of the requi¬
site quality at a price somewhat higher indeed than the spot
price at the moment, yet low enough to leave the profit he
was anxious to secure, and he contracts for the cotton.
Yet again, a commission house in New York or Boston
has large consignments of cotton from Southern merchants
and planters, who have shipped under the usual expectation
of an advance in the market price, but the price has declined
instead, and is unsatisfactory. The market is oversupplied
for the time, but the factor, his constituents, and the public
believe that prices will advance later, or when the stock
shall be reduced.
Because of this belief prices tor the later
months are higher than those current, and many persons
are willing to buy cotton for delivery in March or April
who will not buy at the lower current price in December.
The difference will more than pay the cost ot holding the
cotton during the interval.
The object of the factor and
his customer is not to speculate for higher prices, but to
secure a satisfactory sale, and that is done by a contract for
Spring delivery.
Once more, a planter careful and observing of the char,
acter of the season, and the appearance of his own and his
neighbors’ fields, becomes satisfied that the whole crop will
be larger than is generally supposed, and with a late and
favorable picking season will be very large, causing a'
material fall from the prices ruling; when he comes to this
opinion, say the last of August, he knows that the drdine,
if to come, wilT occur before any considerable portion of
his own 400 bales can be ready for market.
He can nov
contract a sale at a basis price, giving him a rich profit and
a satisfactory result for the year’s work, by delivery of 100
bales each in October, November and December, reserving
Island has
an
the other 100 bales for the chances
ready,
or a
of the market when it is
possible advance in the Spring, and he makes
the contract sale.
supposed cases actual delivery of the property
contemplated by both parties to the transaction. Prob¬
ably no one would question the validity of such contractSj
differing in no respects from ordinary contracts of sale
except in the one feature of future performance. It is diffi¬
cult to conceive the form of any contract of sale for future
delivery which does not in terms, at least, have the same
requirement. We believe it is so stated in every written
or printed contract under the rules of the New York Cotton
Exchange, and all similar commercial bodies throughout the
United States, and its fulfilment may be demanded ar.d
enforced by either party to such contract, unless its terms
shall have been voided by some act of one or both of the
parties thereto inconsistent with those terms.
In all these
is
within the bounds of
make
to
or
prudence and the means of the operat¬
good, is it any more speculative or boldly
business enterprises
merchants since the ships of Tyre traded with the land of
adventurous than have been
of
Ophir.
the
average
-
right, privilege and limitations of prudence
tor safe conduct apply equally to buyer and
The rule of
and
means
seller
on
these contracts.
As in old mercantile ventures,
will generally attend upon saga ity and
forecast of the elements determining the future course of
prices, but now there must be also a quickness of perception
and action suited to the days of the telegraph and the steurn
so
in
thesa,
transport.
And yet,
success
notwithstanding these advantages arising from
sales, no one should ignore the abuses of this new
commercial power, one of which is speculative sales hy
planters.
With some there is an ever present tempta¬
tion to assume
risks, to the management of which
the brains, the
capital, and the experience of ihe
tempted'are insufficient. A brilliant success in one line
of operations by a few persons who saw and profited by the
opportunity leads many others to [follow in the same line
after the chance for profits has gone by.
Gain without toil
is, and always has been, tempting. But the difference
between these speculations upon contracts and those upon
tulips, South Sea shares, cotton or tea, in old times, is in
the increased facility for those of to day and the consequent
greater degree in which they are followed. In due time
their danger will be taught by the experience of fequent
disaster and by the discovery that they ate not chance
hazards equal to all, but require either special aptitude or
training for them, or both.
A still greater abuse of this system is that borrowed
from the Stock Exchange, that of combination for a corner.
This is the real bane of the contract system. Given a
period of low supply of the article which is the subject of a
contest, a combination of sufficient strength may quietly
buy up most of the stock and become long at the market to
an extent rendering it impossible for a time that the sellers
can deliver the property called for by the contracts.
The
shorts must then pay the prices dictated on which to settle
their defaults.
This may be done just as well in defiance of
all the law's of supply and demand in the markets of the
world and in contempt of prices elsewhere ruling for the
same article, as when in entire conformity with those laws.
As between the two parties to the speculation, ?t may be a
fair game; for we suppose either would bleed the ether—
although, be it remembered, the regular dealers and factors
holding a portion of the stock in market of the cornered
article are always on the side of high prices, thus putting
the other or bear side at a chronic disadvantage.
But these
corners in articles of general necessity and use are hurtful
to all interests, whether nearly or remotely connected with
the trade in or consumption of these articles.
Regular
trade is for the time destroyed.
Manufacturing industry is
checked or made unprofitable. Commerce is interrupted,
and to some degree the whole machinery ot business is
contract
August 9,
The general loss to the business inteiests of the country is many times more than the sum of the
profits of the corner, however successfully carried out, and
the unrighteous and hurtful advance is almost, always fol¬
lowed by a corresponding or greater and undue depression
of price,
We believe it to be the fact, however, that the-parties
to these corners in merchandise have seldom, if ever, taiie i
to lose more money before they were eventually closed up
than they seemed to have made in the moment of highest
success:
They often carry their own retribution, and are of
thrown out
of gear.
Michigan Central*.
Milwaukee & St. Paul
Ohio & Mississippi
Pacific of Missouri
St. Louis, Alton & T. II. (main''.
do
do
branches*
St. Louis & Iron Mountain*...
St. Louis.Kaneas City & North*
St. Louis & Southeastern
Toledo, Wabash & Western
Total (omittingSt.
Net increase
*
Three weeks
324.
5
8
1
2.192
0373
Severe experience may
at length lead to a general recognizing of this truth, and
further that the only true object to be sought is that fair
market gain which comes of superior forecast.
hurtful than victory to the victors.
...
Increase.
1872.
1873.
Marietta & Cincinnati
world wherein defeat is actually less
those contests in this
177
CHRONICLE.
THE
1873.]
1,054,481
3,563,684 '
3,412,510
1,840,335
1,257,141
4,023.537
4,452,001
2,079,177
Decrease.
202.660
459,853
1,039,491
238,842
1,996,797
1,900,441
96,356
802,351
763,112
39,239
65,428
105,042
261,820
327,248
1,298.163
1,193,121
1,521,888
1,423,064
711,575
....
93,824
.
-.
3,015
3,185,402
3,188,417
L.&S.E.) $74,659,753 $67,870,375
$100,531
$5,889,909
$6,789,378
"
only of July in each year.
FINANCIAL REVIEW OP TIIE MONTH OF JULY.
The month of
July was characterized by an extreme ease in
money; an advance and subsequent decline in gold and foreign
exchange, occasioning in turn an outflow of coin to Europe, and
later a check in the same; continued strength in Government
bonds and first class investment securities; and
a
active
more
speculation at the Stock Exchange than is usually seen at this
of the year. The foreign situation was quite favorable,
this fact being reflected in the steady reduction of the Bank of
England discount rate from 6 to 34- per cent. The intimations
from Washington that the Treasury will
use its influence
toward keeping money easy in the autumn gives some assurance
of a more satisfactory condition of affairs during the closing
months of the year, than in 1872, as it is well known the Secre¬
tary claims the right to encroach on his greenback reserve of
$44,000,000. On Saturday the 26th ult. the banks held above the
legal requirements $14,620,450, while the last statement of the
banks in July, 1872, showed an excess over legal reserve of
$14,127,425. The bulk of loans on call were made at 3@4 per
cent, but transactions at the outside quotations of 2 and 6 were
also reported, while at the opening of the month the calling in of
loans by the various corporations previous to payments of July
interest and dividends causod a momentary [advance to 7 per
cent.
Time loans were quoted in the latter part of the month at
4 to 5 per cent for 30 days, 5 to 6 per cent for 60 days, 6 to 7 per
cent for 90 days, and 7 per cent gold for all the year.
There was
a fair demand for discounts, but
the inquiry ran chiefly to short
date paper.
Prime names sold at 54(5)7 per cent, and paper
extending over three or four months at 7 to 8 per cent.
United States bonds were only moderately active, and although
there wrere occasional reactions in sympathy with gold and minor
influences, prices were in the main strong. The explanation of
this strength is found in the small floating supply of bonds, their
absorption continuing both by home and foreign capitalists. One
feature of the market was the increased demand for registered
issues, which do not rule quite as high as coupon, and are more
desirable for permanent investment than the latter.
The Ger*
man Government purchased $2,000,009 additional United States
bonds, making a total of $12,000,000 bought for what is known as
the German Hospital Fund._ The Treasury purchased only half a
million Five-Twenties during the month.
season
RAILROAD EARNINGS IX JULY, AND FROAI JAN. 1 TO JULY 81.
for the past month
embrace a larger number of roads than usual, although
several of the lines have only received their traffic reports
as yet for the first three weeks.
The comparison of earn¬
ings with July, 1872, is generally quite favorable, showing
an increase in nearly every case, and
as this has been the
first month of the operation of the new railroad freight
The returns
railroad earnings
of
law in Illinois the actual results as
will be looked
increase in
earnings
on
deepest interest.
The large
the Illinois roads whose reports are
by surprise, as it
supposed that July especially would be an unfavorable
published, will,
was
with the
to
shown in the table below,
believe, take
we
many
month, not only on account of its being the first trial of the
new law, but because
many shippers, anticipating trouble,
pushed forward their freight with great activity in June,
swelling the railroad earnings of that month to high
figures.
The good reports for July will undoubtedly do much to
restore confidence among many holders of railroad stockg
and bonds who had been somewhat alarmed lest the freight
law might be damaging to the interests of their several
properties. The indirect influence on some of the western
roads outside of the State of Illinois has been very marked,
and the earnings of the. Milwaukee
St. Paul road show
an increase of nearly 80 per cent over July, 1872.
had
'
RAILROAD EARNINGS IN JULY.
1872.
1873.
110,231
Burlington, Cedar Rapids & Minn
88,037
Central Pacific
1,211,705
Chicago & Alton*
Chicago & Northwestern
Cleveland, Col., Cinn. & Ind
380,046
1,240,987
351,570
Indianapolis, Bloomingt’n & W..
$10,493
30,887
14,804
-
360,467
19,579
211,030
326.268
25,308
1,518,911
166,473
63,071
609,846
100,860
121,276
Michigan Central*
351,487
308,909
Milwaukee & St. Paul
Ohio & Mississippi
Pacific of Missouri
St. Louis, Alton & TVII. (main).
do
do
branches*
St. Louis & Iron Mountain*......
St. Louis, Kansas City & North*.
St. Louis & Southeastern*
831,320
488,348
222,862
255,424
*
32,318
42,578
345,972
265,906
94,127
1,828
9,414
31,372
2l,l 8
9,954
133,095
133,987
147,704
137,077
292
17,967
51,343
$9,595,694
$1,332,051
$1,254,690
EARNINGS
FROM
Burl., Cedar Rapids & Minn...
$2,871,002
729,479
570,672
1
TO JULY
1872.
1873.
.
Atlantic & Great Western
Atlantic & Pacific
f
31.
Increase.
$2,751,534
$119,468
59.1,533
Decrease.
$
86,875
6,781,126
2,641,623
6,410,944
2.455,892
223,734
827,713
296,750
4,222,483
202,482
752,202
66,392
9,689,887
1,587,762
Erie
10,861,391
Illinois Central
4,424,965
Indiana. Bloomington & West.
818.594
Kansas Pacific*
1,863,896
Lake Shore and Mich. South... 11,277,649
0
10.513,957
1.870,603
347,434
6,707
....'
....
...
119% 117%
115 %
115%
120
S..
....
119
117
...
...
....
,
..
....
...
..
....
25
...
,
....
....
....
115%
....
114%
....114%
....
....
.
115%
114%
114%
118% 118% 115%
114%
117% 118%
114% 114%
117% 118% 118%
117%
114%
118% 119% .... 117% 118% 117% 118%
119
118% 118% 114%
H9%
118%
S
118%
....
117% 119
....
118% .... 114% 114%
120%
119% 117% 119% 118% 114% 115
119
118% .... 116% 117% ... 118
118%
117% 119% 117% 119
115% 114%
120
118
115
115%
118% 120
118% ;
S V.
119% 116%
114%
119% 117% 119
118% 114%
114%
117% 117% 119% 117% 113
118
....
118%
....
118%
119% ....119
120
118% 119%
115%
114%
117%
118
118
119
118% 115
117% 118%
....
119
....
118
....
....
28
751,427
2,865,357
Chicago & Alton*.....
Chicago & Northwestern
7,238,657
Cleveland, Col., Cinn. & Ind.... 2,752,642
(Holiday.)
(Holiday.)
S
114% 117% 119% 117
116% 117% 117%
114% 117%
117% .... 118% 116% 117%
118
115
119% 117
117% 118% 117% 118%
129,946
483,797
7,532,553
Central Pacific
....
22
JANUARY
os
re", coup.
7
$77,361
only of July in each year.
Coupon bonds.
N
5-20s 5-2Us 5-20s 5-20s 5-20s 10-40s KMOs
....
10,627
90,071
432,056
1873.
....
70.037
108,038
483,399
JULY,
1862. 1864. 1865. 1865n. 1867. 1868. re", coup. cur.
116%xll9%
xll6 xll7%xll7% ....114%
114%
116% 116% 118
116
117%
113% 114% 114%
114% 117% 119%
116%
114
114%
coup.
6.
32,562
103,841
(omitting St,L. & S.E.).$10,850,364
Three weeks
5,697
226,054
207,734
Toledo, Peoria & Warsaw
Tol., Wabash & Western
i Total
July
20,416
1,225,708
149,550
,
5s ’81 fund. 6s’81 6s’81 5-20s
218,849
213,152
1,451,762
181,808
Kansas Pacific*
Lake Shore & Mich. Southern...
Marietta & Cincinnati
PRICES OF GOVERNMENT SECURITIES IN
60,745
1.029,957
1,085,384
072,917
Erie
Illinois Central
Increase.
$417,903
85,344
73,833
1,272,510
$4*28,3%
Atlantic & Great Western
Atlantic & Pacific
....
115%
Open’" 114% 110% 119% 116% 116%
High’st 115% 118% 120% 117% 117%
Lowest 114% 116% H9% 116% 116%
Closing 115% 118% 119% 117% 117%
118 116
119% 118
118
116
117% 117% 113% 114% 114%
119% 118% 115% 115% 114%
117% 117% 113% 114% 114%
118% 114% 115% 114%
119% 117% 119
[August 9,1878*
THE CHRONICLE
178
,
,
July.
,
C-os. Open. High. Low. Clos.
25
June.
Open. High. Low.
„
CLOSING PRICES
Cons U. S.
for
5-20,
mon. ’65 o.
Date.
92%'
2; 92%
3} 92%
4' 92%
5 92%
6
7 92%
Tuesday
8 92%
Wednesday.. 9 92%
Thursday.,...10 92%
Friday
11 j 92%
12 92%
Saturday
Tuesday
Wednesday..
Thursday....
'Friday
Saturday
Sunday
Monday
...
13)
Sunday
Monday
141
Tuesday
151
Wednesday... 16
Thursday
17
Friday
IS
Saturday
19
Cons U. S.
for
5-20, 5-20, 10-40
mon. ’65 o. 1867.
Date.
1867.j 89%
92%|
93%
93%
93% I
93% 1
93%
93
93
93
93
j
93% i 93% j
93%; 93 !
93%; 93% I
93% 93% |
93%! 93%'
93% 93% I
|
20
Sunday
....
.
92%
92%
92%
21
89% ! Monday
22
90% (Tuesday
90% 1 Wednesday.. .23
90% Thursday... .241
Friday
25
92%
27
281 92%
.’Tuesday
29 92%
Wednesday.. 30 92%
Thursday ...31 92%
.1
...
92% 93%; 93%
92% 93% i 93%
92% 93%j 93%
92% 93% | 93%
92% 93% I 93%
92% 93% | 93%
90% ij
90% 1
90%
90%
90%
90%
94
94
93%
94
•
♦
•
•
94
94%
94%
94% |
90%
90%
93%
93%
93%
93%
93%
93%
IClosiug
j Since
{Lowest f Jan. 1.
40%
99
.
91
•••
93%
93%
94%!
94%
■
91
91%
91%
91%
69%
91%
89%
91%
92%
88%
1
1
Mariposa pref
10
60
11%
70
11%
Quicksilver
....
230% 240
60
38
50%
84%
81%
82
94%
63%
71%
82
80
119
118
80
Wells, Fargo & Co
Bankers1 & Brokers’Asso
118%
Del. & Hud. Canal
New York Gas
215
M mhattan Gas
%
70
94
63%
71
94 %
68%
71%
68%
71
10
49%
86%
S5%
94
%
38
40
41%
49%’ 50%
do
pref
West. Union Telegraph.
Adams
American
United States
1
36
100
1
1
41% 35%
101 - 99
1
Atlantic Mail.....
Pacific Mail....:
Canton
do Land & Mug Co
New Jersey L'd Imp. Co
90%
25
30
d0
230% 240
Pennsylvania Coal
91
93% 92%
94% | 94%
93% 92%
94% I 94%
94
94% 94%
91% 91% 92%
'Lowest
Miscellaneous—
New Central Coal..
91
92%
92%
92%
91%
Opening
Highest
•High’t.
93%
93%
\
Sunday
! Monday
90%
90%
90%
90%
90%
92%
261 92%
Saturday
I
JULY.
SECURITIES AT LONDON IN
AND U. 8.
OP CONSOLS
118
215
215
215
price of gold advanced from 115
resumption of specie exports to Europe,
The
small
profit for a
....
1
1%
34% 37%.
99% 102
10% 10%
1
1%
35% 40
99% 104
....
10% 10%
37
39% 37
.
39
48
48
81% 92%
48
93%
48
84%
94% 95
95
64% 61% 63%
72% 65% 69
74
76% 77
73
80
75
78
80
J18% 120
114% 114%
147
148
147 148
207
210 207 210
94%
61%
70%
to 116f, owing to the
which were made at a
time. The legitimate demand for gold was not
fact, coupled with the extremely
abroad, and the decline in exchange
would be
a reaction in the price to 115£, especially as it became
here, caused
July and August, but the idea proved erroneous, and several
that the movement of gold to Europe was to a large
important movements were chronicled. The succession of Mr. apparent
Vanderbilt and his colleagues to the Lake Shore direction, no degree artificial. Cash gold was in good supply for daily use,
the rates ranging from 5 per cent for carrying to flat, and 1-64
doubt, stimulated the activity, and bad much, if not all, to do
for borrowing, with most of the business at 2@4 per cent for
with the prevailing strength in the stocks recognized as being
It
was
general opinion tliat business on the Stock Exchange
very dull during the hot months, and especially in
the
closely allied to that combination of railroad men. The
lease of Lake Shore to New York Central was made the
the rise in these two specialties.
active, however, and this
favorable condition of affairs
probable
Carrying.
COURSE OP GOLD
basis for
railroads are earningintere.it at the rate of
10 to 20 per cent, the tiaffic returns in some cases showing very
considerable increase over former years. There was a sharp
that $6,000,000 of-stock
belonging to the company would be distributed soou among
stockholders, but the advance brought out realizations, and in
turn resulted iu purchases of Lake Shore by parties who had
reaped a profit. There was a “ corner” in Erie, which at one time
promised to assume formidable dimensions, but the arrivals of
stock from London soon put an end to it : not, however, until the
price had made an advance from 59J to 65£, and 1^ per cent had
been squeezed out of the “ shorts” for its daily use.
By far the
greater portion of Erie shares are held at London, and American
Union
advance in Western
o
on a rumor
June.
—
Albany & Susquehanna.
Atlantic & Pacific pref.. 24%
2%
Boston, Hartford & Erie
110
,Chicago & Alton
do
do scrip... 98
do pref.... 112
do
Chicago, Burl. & Quincy 103%
do
& Northwest1 n 74
do pref. 85
do
do
& Rock Island. 109%
Columb., Chic. Alnd. C. 30%
Cleve. & Pittsburg guar. 88
c»c
Col., Cin. & Ind.. 87%
Del., Lack. & Western.. 105
Dubuque & Sioux City..
63%
Erie
•
112%
105%
pref
•
Hannibal & St. Joseph..
pref.
do
,
Michigan Central
do
do
pref.
Missouri, Kan. & Texas.
pref.
Missouri
do
Pitts., F. W. & Chi.guAr
do
do
special.
Renssalaer & Saratoga..
Rome & Watertown
St. Louis & Iron Moun..
St. L., K. City & N. Pref.
Union Pacific
Tol., Wab. & Western..
do
do
prf.
Tol., Peoria & Warsaw.
,
,
62%
73%
124
124
114
.
54
105
94%
22
11
22
11
96
55%
73%
73
30
Maryland Coai
.
.
49%
70%
71
47
112
30
30
91%
•
•
97%
73
125
42
71
50
95
105%
27
36%
54%
109%
94%
,
.
110%
121%
105%
105%
26
28
.
103
80
80
70
40
75
40
83
70
42
40
22
25%
64%
68%
18
18
18
87%
85
97%
54
58
72
125
133
30%
54%
106
90%
50%
72%
91
121
102
26
101
58
60%
72
132%
133
39
60
106%
94%
70
70
47%
93%
35
no
93%
90
103
83
70
42
18
25%
68%
29%
73%
85
85
24%
68
85
92%
121
103
28
46%
115%
93%
90
103
87
70
42
28%
72%
85
....
83
83
83
55%
55^
66
54%
62%
24%
22
24%
49%
53
62
23
62
60
62
54%
62%
24%
23
23
23
115%
Foreign exchange was strong and higher in the early part
month, advancing to 109$@109f for long sterling, and
110f@1104 for short sight, the rates at which specie can
shipped at a profit. The amount of cotton and commercial
the
of
to
be
bills
afloat was very light, and as few bonds were going forward
scarcely any new bills of that description were making. Later
increased supply, and especially of borrowed bills
which had been obtained to guard against a squeeze in cash gold’
there
was an
which
was
predicted.
STERLING EXCHANGE
July
44
U
44
41
44
44
44
44
44
44
44
44
44
44
1.... 109%®
2.... 1119 (ffi
3.... 109%@109%
FOR JULY,
days.
July <-.17... 109%@109%
110%®
»4
no
44
_
1873.
60
3 days.
60 days.
110%®....-,
44
4....
5...
s
6....
no%@
7.... 109% @109%
no%@no%
8.... 109%® 109%
no%@no%
9.... 109%@109%
no%@no%
10.... 109%@109%
no%@no%
11.... 109%@109%
110% @110%
12.... 109%@109%
s
13....
iio%@no%
14.... 109%@109%
no%@no% 1
15.... 109%@109%
iio%@no%
16.... 109%@109%
44
44
18.... 100%@109%
19.... 109%@109%
20....
21.... 109%@109%
22.... 109%@109%
44
44
44
44
44
44
44
“
3 days.
110%®! 10%
110
@110%
110%@110%
110%@110%
110%@110_%
110%@110%
23... 109%@109%
no @no%
24.... 109%®109%
no @
25.... 109%@109%
no @
26.... 109% @109%
s
27....
109%@109%
28.... 109 @109%
109%®..,..
29.... 108%@109
109%®
30.... 108%@109
109%® ...
31.... 108%@109
[
:
108%@109%
Range
THE DEBT STATEMENT
53
74
83
54%
Thursday.... 24 115% 115% 115%1115%
Friday
25|ll5% 115% 115% <115%
Saturday... .26 115%l-ll5%;il5% 115%
Sunday
i ....
27, .. .|
Monday
28 115% ,115%i115% H5%
Tuesday
29|115% !115% |115% 115%
95%
■
54%
o
“
109%@110%
66
FOR AUGUST, 1873.
following is the official statement of the
appears from the books and Treasurer’s returns
of business on the last day of July, 1873:
The
a3
Debt bearing Interest In
305%
38%
S
....
137
40
70
41%
o
...
22
134
103
87
70
42
102
28%
69%
28
101%
90
102
40
80%
109
138
117%
106
27%
68%
69%
83%
no%
32%
89%
88%
105%
no%
93%
105
10'115% 1115%'115%
....
68%
G,
o
115%! 115 '116% 115%
Friday
11!115%!115%{116% 116 July, 1873.,
1872.
113% 113% 115% 115%
12 116 !ll5%|ll6%;115%
Saturday
1871.
113% 111%) 113% 112%
Sunday
13
1870.
i
116
112%; 111% 122% 120%
Monday.
14 115%jll5%jll6
1869.
137% j 134% j 137% j 136%
115%
Tuesday
15 115% 1115% 116
1868.
140% 140% 145%; 145%
Wednesday.. .16 116 !115%|116% 116
1867.
138% 138 ; 140% 140
115%
Thursday .... 171115% j! 15% 116
1866.
154% 147
155% 149
115%
Friday
18 115% !115%|ll6%
141
1865.
1138% 146% 144
Saturday
.19 116 ill5%jll6% 116
255
222 1222
285
1864.
Sunday
20
1863
1144% 1123%'145 1*8%
116% 116%
Monday
21 j 116% < 116
1862
109 <103% 1120% 115
116% 116%
Tuesday
22 110% 116
S’ce Jan. 1, 1873|ll2%|lll%|ll9% 115%
Wednesday ..23 116%ill5%|116%|115%|
105
...
92%
2%
108%
93%
22
90
no%
93%
.
.
91%
9i
70
41
108
•
93
27
99
99
96%
72%
69
42
.
60
95%
53%
74%
50%
101%
134%
38%
.
42%
„
101%
132%
38%
.
65%
73%
2%
108%
22
100%
132%
36%
93%
.
102%
134
133
133
.
84
111%
33%
89%
58
62%
„
71%
89
85
69
42
102%
140%
.
105%
27
112%
93%
102%
71%
80%
109%
28%
87%
105
121
...
30
109%
99
95
90%
3
....
97%
50%
71%
95
....
2%
108%
22
30
106%
18
22
11
•Warren
Miscellaneous—
-Consolidated Coal
American Coal
.
37%
54%
109%
94%
32
90%
102%
27%
54
61%
73%
37%
54%
102%
54%
•
84%
97%
...
36
54
•
87%
...
•
»
109%
28%
96
64%
74%
94%
Morris & Essex
New Jersey
105%
New Jersey Central
30
N. J. Southern
101%
N. Y. Cen. & II. R
do
N.Haven & Hart. 138%
41%
Ohio & Mississippi
do
Pacific of
Panama
,
81
81
31%
110%
Illinois Central
Lake Sho. <te Mich.South 91%
Marietta & Cin.,1st pref. 22
do
,do 2d pref. 11
Milwaukee & St. Paul..
107%
26%
87%
84%
132%
•
71%
70%
88
88
106
20
Clos.
91%
99
104
103%
Low.
93
112%
110%
130
Harlem
108
98
74
85
•
.
2
108
98
112
3
110
98
July.
91%
21%
2%
19%
stocks during the
,
to
Wednesday... 9 115%>115%,115% 115%
Thursday
highest, lowest and
Open. High.
....
....
•
•
25%
74
preferred
do
•
•
.
.
•
•
do
,
Clos.
G3
[ ... j — |
71115%|115% 115%|115% Wednesday..30115%,‘115% 115% 115%
8 115%ill5%| 115% 115% Thursday.... 31 !15%jll5%|ll5% 115%
6
Tuesday
shown in the tables
Open. High. Low.
115%
115%
115%
....I (Holiday.)
5* .....(Holiday.).,...
Monday
soueezed by the creation of a sufficient “short’’
troubles of the Pacific Mail Steamship
Company led to weakness in that stock. In many of the other
shares an active business was done, the course of prices being
Railroad Stocks—
G
<v
G
5
41
Friday
Saturday
Sunday
Date.
O
W
to
.5
o
o
1'115% 115% 115%
Tuesday
Wednesday... 2*115 .’115 <115%
Thursday.... 3 115%lll5%|115%
The financial
below.
The following table will show the opening,
closing prices of railway and miscellaneous
months of June and July :
A
to
£
G,
G
o
o
speculators are
interest.
fcr
G
Many of the leading
1873.
to
to
Date.
IN JULY,
Authoriz-
Coin.
Wuen
Character of Issue, ingaci.
Pay’ble Registered Coupon.
5s of 1858
Jun<rl4.’53....18?4 (e)$6,045,000 $13,955,000
6s of 1881
4,656,000
Feb. 8, ’61. ...1880 CO 13,759,0JO
6s, Oregon War
Mar. 2, ’61
1881
6s of 1881, July 17 and Aug. 5. ’61 ... 1881
f 125,565.550 63.755,800
6s, 5-20’e, of 1862
Feb. 25, ’62.... 1882
25,457,5C0
Mar. 3, ’63 ...1881
53,553,500 21,446,500
6s Of 1881....5s, 10-40s
Mar. 3, 64....1901
140,3*5,350
..Mar. 8, ’64.... 1884
2,291,700
..
6s,5-20s, of 1864
public debt,
at the close
Interest Accru’d
Overdue. Interest.
$186,200 (a) $83,338
75,654
(a)92.015
11 63.»
(a)4,:25
(0)945,000 1,02',739 fa) 446,606
187,446,900 2,180,Sl4 (6)3.193,566
348,121
(a)S75,000
170,210 (c)4,051,495
54,251,950
775
(6)34,375
235,924 (6)997.613
Gs,5-208, of 1864
June30,’64....1SS4As’ 32,3^,150 34.1:8,100 1,149.810 (6)2,331.512
6s,5-20s, 1865.,
Mar. 3, ’65.... 1885
36,235,400 119,148,150 2,418,965 (a)1,031.3UU
6s,5 20s, 1865, new....Mar. 8, ’65.... 1885
58.448,600 148,411.450
68,5-208,1867
Mar. 3, ’64
1837
90,517,650 224,4‘.!5.u50 4,593.97! (a) 1,575,063
326,459 (a)l9 676
6s,5-208, 1868
Mar. 3, ’65.... 1838
14,025,500 24,309,750
426,144 (d;2,890,051
5s, Funded Loan, 1831 .July 14, '70.... 1881 (141 816,300 89,387,300
srgregate of debt bearing inter’t in coin, 740,471.000 986,327.550 l8,176,(-85 11,8o3,3S3
(a) Interest payable Jan.& July. (6) May & Nov. (c) March & Sept., except
""ons $50 &
>Upo
$l(i?
flOOjpald annually in March. (d)10,000;' May, .*uy. & $50, (O') £ 30» Keg.
Feb., coupon $1,000.Nov. (e)$5o0 &
$10,000; coupons,
$100,
i,000; coupon $1,00C. (/) Keg. 1,000, $5,000,
$500. (6) Keg. $50, $100, $500, $1,000, $5,000
,
1.000.
s
THE
August 9, 1373.]
Debt Bearing Interest
in Lawful Money.
Interest.
35.000
Principal.
14.000.W0
11,300
b<8.000
$46,3C0
Aggregate of debt bearing interest in lawful money
$14,618,000
Debt on Wlilcb. Interest Has Ceased Since Maturity.
3’8.Nawoension..Act Tuly23,’6S..Int.only appl’d to pens’ns.
4b, Certifs of indebtedness..Act July 3,’70.. Due in 1«»5
Matur’d at vari’s dates prior to Jan. 1, ’37.
Matured at various dates in ’51 and ’52...
6’s, Bonds
Matured Dec. 31, 1867
6s, Bounty L scp ...Matured July l, 1849
5’s, Texas indem—Matured Dec. 31, 1864
5s, Bonds
Matured Jan. 1,1871
69. 5-20s, (called)....Matured Dec. 1.’71, and Mch. 7 & 20, ’72..
Matured at various dates from ’38-’44....
l-l0@6sTr. notes
;-l0<a6s Tr. notes... .Matured at various dates in ’47 and ’48...
6s. Tr’y notes
Matured at various dates in ’48 and ’49...
3@6’s, Tr’y n’s
M atured at various dates in ’58 and ’59...
6’s, Tr’y notes
Matured March 1,1863
7 3-10’s. 3 years
Matured Aug. 19 and Oct. 1, 1864
....
5s, one year
Matured at various dates in 1865
5’s,2 years...
Matured at various dates in 1866
Matured June 10, ’67, and May 15, ’68
6’s, Com. int. n’s
7 3-10’s/3 years
Matured Aug. 15,1867, and June 15 and
4 to 6s, Bonds
5s, Mex. indem
Agg. ot debt on
625
6,000
206
57
108
378
950
2,000
3,150
57,05')
1,471
4.193
3,892
473,140
94,297
272.45C
5,000
78,560
23,083
5,000
394
19,350
83,625
313
7,343
$116,8il
$20,691,170
Bearing no Interest.
Character of issue.
Amt. ontstarul.
July 17.1861, and Feb. 12, 1362
Demand notes
$79,967
Feb. 25 and July 11. ’62. and March 3. ’63..U. S. legal-tender notes
356,000.060
June8. 18 2
...Certificates of deposit ...
33,570,000
Debt
July 17, 1862
..Fractional Currency
( 4. o-r>
March 3, 1863. and June 30,1864
Fractional currency
)
’’ ’’
March 3, 1863(iu $20,50,100.500,1,0005,000).Certifs. for gold deposited..... 42,83l,tOO
Amount
Interest.
Outstanding.
Lawful Money—
Certificates at 4 percent
Navy pension fund, at 3 per cent
-
Certificates of gold deposited
46,300
416,811
$14.678,000
20,691,170
$476,854/234
Total debt bearing no interest
Unclaimed Interest
Total
Total debt, principal and interest, to date,
14,534
$2,239,021,951 $31,457 115
including interest due not
$2,270,479,070
presented for payment
Amount in the Treasury—
Coin
$80,114,185
9,S16,6£9
>
Special deposit held for redemption of certificates
piovided by law
of deposit as
33,570,000
*123,030,875
Total..
2,147,148,194
2.117,818,713
Debt, less amount in the Treasury. August 1, 1873
Debt, iess amount in the Treasury, July 1, 1873
$370,518
$9,932.505
1873.
$363,0'2,559
Pacific Bailroad Companies) Interest
Decrease of debt during the past month
Decrease of debt since March 1, 1873
Decrease of debt since March 1.1369, to March 1,
Payable in Lawful Money.
United
States.
$25,885,120
31,515
27,236.512
1,600,000
1,970,'60
136,182
1,623,320
int. paid
transp’tion by Uniteo
of mails, &c.
8,141
8.000
9,852
States.
$727,581
1,08*2,195
57,193,894
2,333,029
$7,921,483
2,347.533
8,615.943
589,808
485,912
487,305
$129,42-5
6/503,000
Balance of
-repaid by
paid by
yet paid.
Central Pacific
Kan. Pac., late U.P.E.D.
Union Pacific Co
Cen. Br’h Un. Pacific..
Western Pacific.
Sioux City and Pacific...
Interest
Interest
Interest
accrued
Amount
outstanding. and not
•
•
•
20.47
•
St. Petersburg
Cadiz
Lisbon
Milan
Genoa.
Nanles
....
ft
•
•
New York
Rio de Janeiro
■S'
....
*
•
T
J illy 25.
-
©
*
Pernambuco
Montevideo...
i
..
Bombay
109
GO days.
90 days.
25%@2G
26
4!)
46
July
G.
25%
....
51
June 26.
July 21.
.
July 23.
July IS.
July 17.
Calcutta
Penang
J
Singapore ...J
28. GO
short.
June 14.
June 12.
.
®
....
....
July 1.
July 4.
Valparaiso....
6’20%
....
July 25.
Bahia
Buenos Ayres
......
Julv 17.
July 17.
....
our own
•
....
29.32%@29.40
•
•
118 1-16
"short.
...
•
111-19
mos.
....
47%@47%
90 da vs.
52% @53
3 months. 29.32%@29.40
129.32% @29.40
•
3
4
ft«
'
.
•
....
July 25.
119 7-l6@l 19%
31 5-16@31%
...
•
.
3 mos.
short.
14
....
....
•
U. 10%rt.
10 13-160.
4s. 5yKcl.
5s.
6 mos.
....
'
•
.
•
53%
53 %
.
....
correspondent.!
London, Saturday, July 26, 1873.
per cent has been made in the
which is now at 4 per cent. Tlie movement was fully
anticipated, and there are indications of a further downward
movement.
The trade demand for money continues to diminish
Bank rate,
$356,079,967
33,570.0iH)
41,372.166
42,831,800
Certificates of deposit
Fractional currency
Character ot Issue.
•
12-01
25 36
20 01
2551
short.
t
44
A further reduction of one-half
$673,000
14,000,000
Total debt bearing interest in lawful money
Debt on which Int. iias ceased since Maturity
Dkbt heuuno no InterestDemand and legal tender notes
ft
short.
$1,726,798,550 $39,979,469
bearing interest in coin
July 25.
@20.52
25.47%@25.57%
3 months. 25.80 @25.90
11.42%@lt.47%
6.24%@ 6.25!*
Hamburg
Paris
Paris
Vienna
Berlin
Frankfort
I From
Debt bearing Interest in
Bonds Issued to tlie
Antwerp
445,771,401
Bonds at 5 p. cent
xjurrenev
'
12 0%@!2 1#
short.
3 months. 25.70 @25.75
$1,281,027,150
Coin—Bonds at 6 p. cent
RATE.
TIME.
j DATE.
Amsterdam...
Hong Kong...
Recapitulation •
EXCHANGE ON LONDON.
LATEST
RATE.
time. *
$476,854,234 Shanghai
Aggregate ot debt bearing no interest
Total debt
ON—
9,450
Authorizing acts.
Dect bearing INTEREST in
J
EXCHANGE AT LONDON—
JULY 25.
85
19,351,400
82,575
which int. has ceased since mat’y
LONDON
RATES OF EXCHANGE AT LONDON, AND ON
AT LATEST DATES.
172
226
203,662
2,670
July 15,1868...
(Englisl) Nem.
$64,174
1,104
1.050
S.JXJ
174,000
10,000
6’s, Certif. of ind... .Matured at various dates in 1866
Matured Oct. 15, 1866
4, 5 & 6’s, Tern. 1
3s, Certifs. (called).Matured monthly since Dec. 31, 1870
Cateat Ulanetarn antr dommercial
Interest
Principal,
179
CHRONICLE
6,232.913
1.265,337
IS,651
9,367
571,156
476,545
5,020
perceptiblv, and the “ other securities* held by the Bxnk are now
only £17,412,494, being about £11,000,000 less than on April 2»
and £4,000,000 smaller than at the corresponding period of 1872.
During the remainder of the summer the money market is likely
to rule extremely quiet. Large supplies of gold are near at hand,
and there is still an absence of an export demand.
There being
no
prospect of an immediate revival of trade, it is certain that
there will be a plethora of money in this market, and that the
rates of discount will rule extremely easy.
At tlie present time
tlie quotations in the open market are considerably below those
current at tlie Bank of England, so that it is believed that the
Directors will be compelled at a very early date to further reduce
tlieir terms, iu order to acquire their fair share of the discount
business in progress.
Every feature is in fact favorable to an easy money marketare ample supplies of money, with comparatively little
demand for it, while the disturbing cause of the last two years
has, to all appearance, been removed. The indemnity has now been
There
482,284
paid, and tlie German occupation of France terminated this week.
I hear it even mentioned that, gold is likely to come from Germany.
$323,117 $20.447.9S6
Total issued
$64,623,512
$4,225,853 $16.2*22.132
The Pacific Kail-oad bonds are all issued under the acts of July l, 1862. and July
The position of tlie bullion market is, therefore, a very satisfac¬
‘2,1864: they are registered bonds, in denominations of $1,000, $5,000 & $10,000 ;
bear six oerc-nt imerest in currency, payable January land July 1, and mature
tory one. But besides these facts, the weather has been very
30 years from their dat
favorable this week for the growing crops. It has been intensely
hot, and in Yorkshire there have been tlie severest thunderstorms
CHANGES IN THE REDEEMING AGENTS OP NATION,41 BANKS. which have visited this country for many years, and attended
The following are the changes in the Redeeming Agents of
with great loss of life.
So far, however, the storms have not
National Banks approved since the 31st ult.
These weekly visited the
agricultural districts of the midland and southern
changes are furnished by and published in accordance with an
counties, but the weather here lias been brilliant and much less
arrangement made with the Comptroller of the Currency:
oppressive. The crops are ripening fast, and though wheat is a
redeeming agent.
NAME OF BANK.
LOCATION.
thin plant tlie ears are full, and there is in consequence a fair
The Baxter
Nat’l The Continental National Bank New
Vermont—
promise of an averagx) yield. The quality will, it is thought, be
York City, approved in place of the
Bank
Rutland
excellent, if tlie weather during the progress of harvest prove to
Ninth National Bank, New York
City.
be favorable. Barley, oats and beans will be abundant, and there
New Jersey—
iThc First National;Central National Bank, New York
is a good prospect with regard to roots.
City, revoked.
Jersey City
i Bank
Taken as a whole, the
.
.
Michigan—
Schoolcraft
Kansas—
~
.....
Leavenworth
Montana
Bozeman
No
new
...
First Nat’l Bank... Commercial National Bank, Chicago,
approved as an additional agent.
Second Nat'l Bank. Commercial National Bank, Chicago,
approved as an additional agent.
j
jThe First National Union National Bank, Chicago, ap¬
Bank
proved in place of the Fourth Nat’l
Bank, New York City.
I
banks have been organized
agricultural prospect is favorable.
during tlie week has been very moder¬
ate, and there has been a great want of animation ever since the
Annexed
reduction in the official minimum to four per cent.
The demand for money
are
since the 31st ult.
tlie quotations:
.
Per cent.
4
Bank rate
—We call attention to tlie card of Messrs. F.
who carry on a general banking business at No.
R. Sherwin & Co.,
80 Broadway. All
amounts deposited with them are subject to check at sight, and
depositors receive four per cent interest on their accounts. This
house have also introduced the plan of syndicates
lation for those wishing to risk only limited
favored on the European Bourses.
for stock specu¬
amounts, long
—The Protection Committee give notice, requesting the bond¬
holders of the St. Joseph & Denver City Railroad to meet at the
ffice of Hassler & Co., No. 7 Wall street, at 1 o’clock, on the 26th
f this month.
,
Open-market rates:
30 and 00 days’ bills
3 months’bills
The
.
.3%@3%
Per cent.
4 months’ bank bills
3%@3%
6 months’ bank bills
3%@3%
4 and (i months’ trade bills. 4 @4%
3% @3% J
following are the rates of interest allowed by
houses for deposits :
stock banks and discount
Joint stock banks
Discount bouses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice...
The
;
the joint
Per cent.
3
3
3%
3%
following are the rates for money at ihe leading Con¬
tinental cities:
Bank
Bank
Open
rate. market.
per cent, ner cent.
5
4%
5
4%
Paris
Amsterdam
5@6
Hamburg
6
43*
St.
j
5
5
43*
6
5%
6%
5)*
and
Rome
Leipzig
6
—
G
6
celona..
7
6
7
Oporto....
Petersburg
Brussels
Turin, Florence
1
5)*
63*
Lisbon and
Bremen
Madrid, Cadiz and Bar-
the Bank
following statement shows the present position of
of England, the Bank rate of discount, the
The
price of Consols*
quotation for English Wheat, the price of Middling
the average
of No. 40
Upland Cotton,
the Bankers’ Clearing House return
four
previous years :
£
£
the southern
The cutting of rye lias been commenced.
In tlie Midland and Southern counties of France harvest work is
now general, and the yield is said to good.
vThe following figures show tlie imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from September 1 to the close of last week, compared with the
IMPORTS.
1871-72.
Wheat
22,214.790
11,773,818 10,074,880
19,232,400
Oats
Peas
Beans
T)*d.
4)*d.
57,236,000
21,561,308
17,412.494
17,410,171
11,973,048
27,444,441
33,137,308
23,215,807
3)* p. c.
92% d
58s. Od.
92)* d.
59s. dd.
2 p. c.
Is.
ls.l)*d.
2%d.
4 p. c.
S)*d.
9d.
Is.
Is. 1 )*d.
107,142.000
3%d.
65,473,000 83,256,000 99,110,000
export, and as
demand for gold for
Bar Gold
.'
Bar Gold, fine
*.
Bar Gold, Refinable
South American Doubloons
per oz.
d.
standard, last price. 77 9
per oz
per oz.
standard,
standard,
do.
do.
per oz.
per oz. none here.
United States Gold Coin
77 9
©
©
77 11
73 9
76 3
r4 o
SILVER.
d.
p.
Bar Silver, Fine
Bar Silver, containing
Fine Cake Silver
Mexican Dollars
Five Franc Pieces
A firmer tone
shares
have
are
5 grs. Gold.per oz.
per oz. standard.
standard,last price.
per oz.
per oz., last prices, new
per oz., none here
has pervaded
4
4
d.
s.
d.
s.
11?*®
the quota,
generally improved. British railway and telegraph
somewhat higher, the operators for the fall having
perceived the necessity of buying back. The general public*
however, are still operating to a very limited extent, and hence
no decided impetus is given to an
upward movement in prices.
A favorable feature is that coal is likely to become much cheaperThe consumption in the manufacturing districts has diminished
considerably, and any immediate increase in it is not, therefore,
anticipated. Contracts have of late been entered into in the
Newcastle district at 14s. Cd. per ton, being a reduction of six
°
compared with the commencement of the
year.
So heavy a fall is naturally calculated to diminish the
working expenses of railway companies and of manufacturers,
and to produce more confidence in the future.
United States
Government stocks are firm, at a further improvement; and Erie
shares have recovered on the receipt of higher prices from New
York.
Atlantic and Great Western railway securities are steady,
and Illinois Central have improved in value.
The following were tlie closing prices of consols and the princi¬
shillings per ton, as
pal American
securities this afternoon :
92%© 92?*
923* @ 02?*
9034® 91
93?$®'94 %
93%® 93%
90%© 913*
903c© 90%
56 @ 58
42 © 43
74%© 75)*
66 © 67 ~
3234® 32)*
47 ® 473*
97 ® 98
94 ©95
xd 83 © 85
Consols
United States 6 per cent 5-20 bonds, ex 4-6
do
2d aeries
do
1365 issue,
do
1867 issue,
do
5 per cent. 10-40 bonds, ex 4-6
do
5 per cent Funded Loan, 1871, ex 4-6
xd
Atlantic and Gt West., 8 per cent. Debent’s.Bischoffshcim’s ctfs..
Ditto Consolidated Bonds, 7 per cent., Bischofisheiin’s certificates.
Ditto 1st Mortgage, 7 per cent bonds
Ditto 2d Mortgage, 7 per cent bonds
Ditto 3d Mortgage—
Erie Shares, ex 4-6
t
Ditto6 per cent. Convertible
Ditto 7 per cent Consolidated
Bonds
Mortgage Bonds
Illinois Central Shares, $100 pd., ex 4-6
Illinois and St. Louis Bridge, 1st mort
Louisiana 6 per cent. Levee Bonds
Massachusetts 5 per cent, sterling bds, 1900
New Jersey United Canal and Rail bds.
Panama Gen. Mort. 7 per cent, bonds, 1897
99
38
93
98
95
©101
@ 43
© 95
@100
@97
1,449,817
9.907
53,494
13,771
3,060
13,051
65,317
16, £64
1,316,964
78,580
28,903
81,527
111.205
.
2.241
The
to tlie
estimated to yield, nearly
are hypothecated to the service of the
Taxes yielding, or
investor.
£3,000,000 per annum
loan.
Reports—Per Cable.
English Market
Tlie
pool for the past
as
London and Liver¬
quotations in the markets of
daily closing
week have been reported by submarine
the following summary:
London Money and Stock Market.—American
telegraph
shown in
securities have
continued to advance since last Friday, and are now i to f higher
The bullion in the Bank of England has#
than at that date.
during the week.
increased £307,000
U, S. 6s
account
,
1867
44
“
.
(5-20s,)1865,old..
U. S. 10-40S
New 5s
Th3
fort
.
.
o
3
7
92%
,
States 6s
United
for
Fri
92%
92%
94%
94%
91%
92%
94%
94%
91)*
90)*
rs
daily quotations
Tlinr.
Wed.
92%
94%
94%
91%
90)*
1
92)*
92)*
94%
94%
91%
90)*
.
Tuee.
92)*
Mon.
Sat
44
price
4 10% old,4 1134'
©
the stock markets, and
105,520
886,584
99,379
496,464
2,538
43,964
211,061
Consols for money
11%@
no
3,217.001
prospectus of the new Egyptian loan for £32,000,000 has
appeared to-day. The total amount of tlie loan is £32,000,000, in
-seven per cent bonds, which are to be issued at the price of 8i£.
At that price, about 9 per cent interest per annum will be yielded
the arrivals
P.
2.197,904
16,216
7.26 5
.*.
Indian Corn
flour..
Messrs. Pixley, Abell’
GOLD.
15,868,040
5,531,133
18,411
Oats
Peas
Beaus...
good, large supplies have been sent into the bank.
Silver is without material change in value ; but new Mexican
dollars have declined £d., and old fd. per ounces.
The following
from the circular of
11,141,048
4,060,666
10,147
Barley
have been
prices of bullion are
Langley & Blake:
7,018,182
8,752,823
894,180
'1,801,739
984,760
1,315,856
3,054,319
2,298,974
18,638,905 17,247,158
2,953,309
e,032,653
EXPORTS.
Wheat
12,347,517
5Ss. lOd.
9 lT6d.
49s. 9d.
12)*
Is.
18.494,474
13,281,882
93)* d.
89% d.
93 >* d.
50s. lid.
..
13,385,046
5 p. c.
3 p. C.
12,473,737
10,643,622
Barley
29,697,112
24,497,195
11,300.566
9,653,851
39,980,846
cwt.
1869-70.
34.871,074
7,133,149
9,853.764
1,*;54.S80
1,608.804
1870-71.
1872-73.
25,784.487 26,581.179 26,326,984
6,053,497
6,287,605
4,718,127
20,321,193
the three previous years:
corresponding periods in
Flour
26,801,388
14,892,563
17,870,641
general until the
England will not be
counties of
second week in August.
Indian Corn
1S73.
£
1872.
24,016.783 24,746,503
5,866,892
4,270,881
19,608,730 21.013,323
15,332.824 12,507,779
15,195,568 22,829,441
Reserve of notes and
coin
Coin
and bullion in
both departments....
Bank rate
Consols
Price of wheat
Mid. Upland cotton . ..
No.40 mule yarn fair 2d
no
1871.
1870.
£
1869.
£
Circulation, including
quality ,
compared with the
fair second
Yarn
Mule
and
There is
Open
rate. marked
per cent, per cent-
5
5
5
Berlin
Frankfort
Vienna and Trieste....
tions
[August 9, 1873
THE CHRONICLE
180
92%
94%
94%
91%
’
90%
90%
(1862) at
Frank-
were:
Frankfort
•
•
t
•
•
•
•
97)*
97%
97%
•
....
Market.—See special report of cotton.
Liverpool Cotton
Market.—This market closes firm at a
a general advance in the remainder of
Liverpool Breadstuffs
decline of Is. in peas,
but
the list.
d.
$ bbl 27 0
10 10
11 10
11 11
Flour (Western)
Wheat (Red W’n.
(A
39
o
hH
d.
27 0
10 10
11 10
12 0
28 3
3 6
3
4
-3
28 3
3 6
^ bush 3 4
Oats (Ain.&Can.)
Peas (Canadian). ..$ Quarter
s.
•
spr)..$ ctl
44
44
(Red Winter)
(Cal. White club) 44
Corn (West, nrd) $ quarter
Barley (Canadian).. ..$ bush
44
d.
s.
‘
1—i
*
*
0
38
0
Liverpool Provisions Market.—Bacon,., lard,
each declined, while pork lias advanced Is.
Mon.
Sat.
d.
8.
6
82
Beef (mess) new 19 tee
Pork (Pr. mess) ne,\v $bbl.
Bacon (Cum. cut) new^9 cwt
Lard (American) ...
41
Cheese (Amer’n fine)
“
64
37
38
63
d.
s.
C3
0
e
3
2
0
►—1
o
and cheese
Mon.
Ro8in(com. N. C.).. .$
44
8
cwt.
16
fine
1
Petrolcum(refined)..
44
(spirits)...
Tallow (American)... 39 cwt. 40
Cl overseed (Am. red)..
“ 38
it
32
Spirits turpentine..
•
•
*
than last
6
0
>>
1%
9%
ci
9
0
o
0
and Oil
London Produce
s.
cl.
65
37
37
63
9
0
6
s.
d.
9 15
62
0
0
s.
0
0
spot, $ cwt
29
$ ton 92 0
Sperm oil
Whale oil
“
34 15
Linseed oil..
44
33 5
£
Lins’d c’ke (obi). $ tn
Linseed (Calcutta)....
Sugar(No.l2D’ch std)
on
1
40
38
31
0
6
9
6
Fri.
d.
27 6
11
0
11 10
12 2
28 6
3 6
3 4
38 0
p.
have
Fri.
d.
82 6
65 0
37 0
38 0
62 0
b.
has advanced
Thur.
d.
8.
d.
6
8
16
0
1%
9%
9
0
6
1
40
38
31
Fri.
d.
s.
8 6
16 0
1% 1 4%
10 i
9%
40
9
38
0
31 6
6
6
0
9|'
Markets.—Linseed oil is 5s. higher
Mon.
Sat.
8
16
1%
9%
Friday.
£
8.
6
0
40
38
31
65
37
37
62
0
6
9
0
Wed.
Tues.
d.
8.
8
16
1
Thur.
d,
8.
82 6
Wed.
8. d.
82 6
Tues.
s. d.
82 6
65 0
37 6
37 9
63 0
Liverpool Produce Market.—Spirits petroleum
4d., and spirits turpentine has declined Gd.
Sat.
8. d.
Tliur,
8.
d.
27 0
10 10
11 10
12 0
28 3
6
3
4
3
38 0
Wed.
s.
d.
27
0
10 10
11 10
12 0
28 3
3 6
3
4
38 0
Tues.
Mon.
sat.
8.
2
d
Tues.
£ 8. d.
9 15 0
62 0
29
92 0
34 15
33 10
0
0
0
0
Wed.
£ s. d.
9 15 0
62 0
29 0
92 0 0
34 15 0
33 10 0
Fri.
Thur.
£ s. d. £ 8. a.
9 15 9
9 15 0
62 0
62 0
29 0
92 0 0
34 15 0
33 10 0
29
92 0
34 15
33 10
0
0
0
97 @98
£3
42 @44
0
0
0
The public sales of Colonial wool continue to progress with con.
siderable ..activity, their being keen competition amongst French
COMMERCIAL AND MISCELLANEOUS NEWS.
buyers. Prices for all stapled wools show an advance varying
from Id to 3d per lb. as compared with last sales.
Imports and Exports for tiie Week.—The imports this
Owing to the short supplies of English grain offering, the week show a decrease in both dry goods and general mer¬
wheat trade is firm in tone, but millers operate with caution, the chandise. The total imports amount to $5,412,088 this week,
pupplies of foreign grain offering being good. Harvest work in against $G,967,706 last week, and $6,530,355 the previous week.
Pennsylvania Gen. Mort. 6 per ct. bds,
Virginia 6 per cent, bonds, ex
4-6
1910
..
'o
*
$6,096,224 this week, against $5,764,323 last
week, and $6,529,662 the previous week. The exports of cotton
the past week were 7,341 bales, against 8,989 bales last week.
The following are the imports at New York for week ending
(for dry goods) July 31, and for the week ending (for general
merchandise) Aug. 1 :
The exports are
Jan.11
983,600
501,200
1,707,000
Jan. 18
804,800
308,400
798,000
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1871.
1872.
1873.
$2,902,3(34
$3,159,406
$2,309,919
1870.
$2,241,196
Dry goods
General merchandise...
3.102,169
4,219,134
3,539,184
2,885,299
week..
$5,126,495
$6,441,548
174,285,309
223,691,035
$5,412,OSS
$7,378,540
Previously reported....
260,533,136
Total for the
$267,911,676
$230,132,533
$179,411,804
Since Jan. 1
246,432,876
$251,844,964
report of the dry goods trade will be found the imports of
dry goods for one week later.
The following is a statement of the exports (exclusive of specie
from the port of New York to foreign ports, for the week ending
In
our
Aug. 5:
1872.
June
June
June
June
$3,758,742
$5,200,713
$5,278,242
Previously reported
106,988,829
137,084,032
128,330,129
$6,096,224
162,895,896
$110,747,571
$142,285,345
$133,608,371
Since Jan. 1
beginning of the year, with a comparison for
previous
date in
July 28—Brig Thomas Turall,
Mayaguez. P. R.—
Aug. 2—Str. Adriatic, Liverp’l—
$3,000
American silver coin
July 30—Str.
Russia, Liverp’l—
Silver bars
181,580
75,000
6.000
coin
Spanish doubloons
...
..
"
July 31—Str. City of Merida,
Havana—
American gold
Silver bars
25,300
Aug. 2—Str. Calabria, LiverpT—
Silver bars
177,575
Aug. 2—Str. City of Brooklyn,
Liverpool—
Silver bars
14,400
Aug. 2—Str. Mosel, Southamp¬
ton—
3,000
Mexican doubloons.
American
July 31—Steamer Westphalia,
50,000
gold coin.
Hamburg-
460,400
438,800
735,000
1,085,000
1,149,800
1,025,600
883,200
516,000
722,000
551,600
890,000
604,400
344,783,239
961.200
884.000
115,000
1,986,000
1,797,500
755,300
804,400
663 500
344,861,881
345,043,231
861,000
58,000
732,000
516,000
472,800
56,500
930,500
801,600
586,000
921,200
750,000
863,000
344,093,090
346,056,584
344,632.409
520.000
344,985,566
345,163,236
7
14
21
28
s
612,000
612,000
584,400
345,640,919
$174,5S6
Silver bars
1,200,000
625,400
462,500
Aug. 2
the corresponding
584,000
516,000
343,813,955
Jul v 26
years :
563,000
912,000
538,000
912,000714,000
343.643,349
July 5
July 12
July 19
specie from the port of
2, 1873, and since the
The following will show the exports of
New York for the week ending Aug.
477,600
420,000
345,211,131
345,385,567
345,044.682
345,094,237
345.260,880
347.421,547
345,315,504
$168,992,120
1871.
1870.
846,700
74s, 500
728,500
513.200
April 5
April 12
April 19.
April 26
May 3
May 17
May 24
May 31
1873.
For the week
866,400
Jan. 25
Feb. 1
Feb. 8
Feb. 15
Feb. 22
March 1
March 8
March 15
March 22
March 29
WEEK.
EXPORTS FROM NEW YORK FOR THE
I SI
CHRONICLE.
THE
August 9, 1873.]
r
786,500
348,800
1,197,600
620,500
412,900
1,022,000
492,000
652,000
6 IS,000
549,500
t
1,177,000
1,114,000
1,040,500
895,400
659,000
778,400
920,000
1,132,800
716.000
693.200
i
1,182,000
835,700
650,000
—We extract the following from a letter recently received from
Vienna :
One of the most attractive features in the machinery depart¬
ment of the Vienna exhibition, is the collection of Fairbanks &
“
Company's scales, and a large crowd is frequently gathered around
it.
Several of the royal and imperial visitors have shown great
interest in the weighing apparatus, and some of them have tried
their weight upon one of the scales. The Austrian Emperor
made a careful examination of this part of the American section,
and after looking at the different varieties, from gold and letter,
up to the railway scales, paid a high compliment to the skill and
enterprise of the inventors. Fairbanks’ scales have become the
standard in several European countries and their adoption by
Austria can be regarded as among the certainties.
Many of the foreign visitors to the Vienna Exposition are
greatly puzzled over the scales exhibited in the American depart¬
ment
by Fairbanks & Company. They can understand the
apparatus for weighing small articles and all the dozen or more
ordinary varieties of scales, but when they come to the railway
scales for weighing several loaded cars at once, they are quite be¬
wildered.
Such a scale is beyond their comprehension and they
examine it with much doubt.
The agent of the Fairbanks house
lias a great many inquiries to answer daily, and the questioners
frequently remark, when their curiosity is satisfied, that they
never before understood the greatness of America.”
“
$710,442
37,398,608
Total for the week
Previously reported
Total since Jan. 1, 1873 ...
Same time in
1872
$54,861,039
1871
51,503,016
1870
...37,797,903
1869...
21,926,506
The imports of specie at
been as follows:
July 28—Str. Claribel, Savanilla—
Silver
Gold
$38,103,050
Same time in
$59,688,157
37,427,856
51,824,771
16,647 998
1868
1867
1866
1865
this port during the past week liave
July 28 —Bark Pallas, Belize—
Gold
$736
6,500
July 28—Str. Tybee, San Do¬
v.
July 30—Schr. E. L.
Savanilla—
$5,516
Porter,
200
Gold
Bremen—
2,020
200
Gold
650
Silver
YOUR
$15,S22
Total for the week
2,869,261
Previously reported
Total since January
Same time in
1872
1871
1870
BANKING AND FINANCIAL.
July 31—Steamer Westphalia,
mingoSilver:....
$2,885,083
1,1873
$2,790,931
Same time in
1869
1868
1867..
$9,784,776
DIVIDENDS
May be cpnverted into a TEN PER CENT. NEW ENGLAND
INVESTMENT by the purchase of the First Mortgage Sinking
Fund Gold Bonds of the LAMOILLE VALLEY, ST. J03NS-
COUNTY RAILROADS, from Lake Champlain
to the Connecticut River, and forming the Vermont Division of
National Treasury.—Tire following forms present a summary the Portland & Ogdensburg Railroad Trunk Line. The very large
of certain weekly transactions at the National Treasury.
sales of the past few months leave but’a limited amount to be
1.—Securities held by the U. S. Treasurer in trust for National
offered, and the rapid pushing of the road to completion ensures
banks and balance in the Treasury :
Coin ccran early and large advance on their market value.
tificates.
/—Bal. in Treasury.—,
ForU. S.
For
Week
FAIRBANKS & CO., 311 Broadway, New York.
Coin.
Total.
Currency. outst’d-V.
eudimr Circulation. Deposits.
69,588,589 5,662,667 1!),919,000
Dec. 7.. 386,035,950 15,693,000 401,728,950
FAIRBANKS, BROWN & CO., 2 Milk St., Boston.
5,283,445 19,746,000
70,059,969
Dec. 14.. 386,045,450 16.508.600 402,554,050
19.269 000
E. &; T. FAIRBANKS & CO., St. Johnsbury, Vt.
69,831, >00
4,187,052
Dec. 21. 386,328,000 15,568.000 401,896,090
7,424,449
7.360,688
,
4,264,012
1,743.560
BURY & ESSEX
.
,
.
386,355,300
386,253,300
386,315,800
386,526,6( 0
386.604,400
Dec. 28..
Jan. 4,.
Jan. 11..
Jan. 18.
Jan. 25..
Feb. 1...
Feb. 8..
Feb. 15..
Feb. 22..
March 1.
MarchS..
March lc *
March 22!
March 291
.
.
.
386,640.800
386 838,800
387,062,500
387,415.100
387,766,100
387,883,850
3S8,102,350
388,111,300
388,284,050
388,074,050
388,65.1,550
388,786,800
338,963.800
April 5..
April 12.
April 19.
April 26.
May 3
May 17 389,113,000
..
.
,
May 31..
June 7..
June 11
June 21
June 23
July 5.
July 12.
.
.
.
.
.
July l'».
July 26.
401,893,300
401,755,300
401,849.800
.
.
Aug: 2.,
..
5,750,900
74,201,001
64,011,301
402,125,600
64,785,762
15,635,000 402.275 800
15,635 000 402,473,800
15,660,000 402,722,500
«
«
61,816,378
00.132,072
65,052,273
2,095,784 23,803,500
68,128,897
404.621 800
403,491,100
403,523,850
403,762,350
403,821.300
403,994,050
403,784,050
2,191,460
2,818,237
2,305,003
2,108,319
68.317,279
70,423,590
70,111,186
72,186,841
77,193.468
404,189,550
15,735,000 40 4,698,800
15,685,000 404,799,000
389.489,500 15,635,0 >0 405,124,500
389,708,500 15,610,000 405,318,5(10
389,969,000 15,735,000 405,695,000
390,072,900 15,585,000 405.657,900
390,200,900 15,585,000 405,785,900
390,315,550 15,560,000 405,875,550
390,413,950 15,560,000 405,973,950
390,612,950 15,535,000 406,147,950
390,761.950 15,675,000 ■4''8,436,950
390.815,250 15,860,000 4 >,675,250
6 535,250
390,855,250 15,680,000
Banking House of Henry Clews
32 Wall street, N. Y.
.
a
4,693,938 23,598,500
5,164,482 22.851.000
2,326,316 22,602,000
64.003.98!
403,080,100
15,835.000
Financial
3,599,925 25,463.000
2,784,507 25,152,500
3,371,253 34,7S0,500
64.238.051
15,624,000 402,228,400
15,665,000
15,715,000
15,640,000
15,660,000
15,710.000
15,710.000
15,710,000
15,835,000
23.720,000
3,568,524
Deposit accounts of
all facilities and
24,287,000
23,743,500
in addition
23,420,500
23.22(^00
22,835,000
Bills of
1,883,399 26,268,400
3,001,980 24.917,200
5,181,638 26.201 400
4,374.509 26.439,100
73,121,965
74,003.819
75,103,277
7,9.267,747
73,698,752
75,867.916
83,966,165
72,280,791
80,828,216
79,794,301
79,782,700
2.—National bank currency in circulation;
Notes in
ending
Circulation
Dec. 7
Dec. 14
Dec. 21
342.114,116
342.353,565
342,480,056
Dec. 28
Jan. 4
342,526,926
342,579,372
<
925,600
all daily balances.
Ireland, Scotland and the
Travelers’ and "Mercantile Credits
issued available
FIRST
Sinking Fund Seven Per Cent Gold Bonds
The road is entirely completed
and its earnings very large.
These bonds, which we recommend
as an entirely safe investment, can be obtained at 00 and accrued
interest, in currency, of
JOHN J. CISCO & SON,
on
the Northwestern Division.
.
No. 59 Wall street.
die-1
i'j
|
'709,000
650,000
City Banks ;
Moitgago Land Grant
Received. Distributed. Dislri-b’d. i
1,261,000
1,271,200
508.800
726.000
296.800
355,000
thereto interest allowed on
received >
HOUSTON AND TEXAS CENTRAL R AILROAD
fractional currency
Fractional Currency.--, Leg. Ten.
1,447,600
1,210,000
609,600
567,600
accommodations granted usual with
f
throughout the world.
5,952,572 33,246,500
7,217,093 35,034,000
8,805,453 36,007.200
7,641,505 38 868,000
9,098,459 40,156.300
8,029,030 44.258,600
7.919.827 43,191,300
7,987,335 43,406,100
received from the Currency bureau by U. S. Treasurer, and
tribnted weekly ; also the am tint of legal tenders distributed:
& Co.,)
Mercantile firms and Individuals
Exchange drawn on England,
Continent;
.
Week
Agents.
,.
5
.
Mav 24..
15,538,000
15,502,000
15,534,000
15.599,000
2,777,000 1
1,318,500
RAILROAD BONDS,—Whether you
wish to BUY or SELL
write to
HASSLER & CO.,
No. 7 Wall utreet. New
York.
THE
18^
BANKING HOUSE OF
FISK & HATCH,
August 11,1873.
New York,
CHESAPEAKE
AND-'OHIO RAILROAD COMPANY are issued in denominations
of l.^OOO each, interest payable July and January, both principal
and interest payable in United States Gold Coin, in the city of
New York. The price of these bonds lor the uresent is 90 and
accrued interest, that is a $1,000 bond would cost to day $907 86.
At the present price of gold the income derived is nearly nine
per cent in currency.
With the rapidly increasing business of
the road—its commanding importance as another great east and
west trunk line, its completed road of 420 miles, the princely wealth
of IRON, COAL, SALT, and TIMBER, along its line, its tapping
The SEVEN
-
PER CENT
BONDS OF THE
terminus on the Ohio River over 12,000 miles of
navigation, its Eastern terminus resting on the tide waters
of the Atlantic Ocean, the fact that the other great parallel trunk
lines are being compelled to lay additional tracks to meet the
enormous and increasing business between the East and West
at its Western
water
jP warrant us in our
belief that the securities
of the Chesapeake
high rank in the markets of the world.
At present government bonds are so hign, and really desirable
peimanent investment securities at a reasonable price so difficult
to be obtained, it is a great satisfaction to us to have these bonds
and Ohio are
for
our
destined to
a
small amount of the OLD SIX PER CENT
GOLD BONDS OF THE CHESAPEAKE AND OHIO. The price
of these is 88£, and accrued interest.
They are issued in denom¬
inations of $100, $500 and $1,000, interest payable May and
November.
Underlying as they do a property that has cost
We also have a
constantly increasing in value,
The small remaining balance
$90 18
$100 bond will cost to-day
500 bond will cost to-day
1,000 bond will cost to-day
in consequence of
irst.
The last weekly
also
completed road, and its earnings this year will reach upward ,of
$13,000,000. Their securities should rank with those of the
Government itself.
deal in GOVERNMENT BONDS, exe¬
cute orders at- the Stock Exchange for investment Stocks and
Bonds, receive Deposits, on which we allow interest at the rate
of 4 per cent per annum, and conduct a general banking busi¬
We also continue to
this week 37,000,000 francs in specie,
the German indemnity payment on the 5tli
banks, rendered Aug. 2, showed a decrease of $816,975 in the
of reserves above the legal requirement, the whole of
liabilities stood at $266,$80,310,700.
The following table shows the changes from previous week
and a comparison with 1872 and 1871 :
1872.
such
excess
being $13,803,475. The total
028,900, and the total reserves at
1873.
Aug. 5.
Aug. 3.
Loans anadis. $289,389,100 $289,986,200 Inc.
$597,100 $295,428,200 $300.7:0,261
Specie
31,244 300 30,272,200 Dec.
977,100 23,925.900 13,364.453
Circulation....
27,225.100
27,188,000 Dec.
37,100 27,337,200 30.236.623
Net deposits... 239,118,300 233,840,IKK) Dec.
277,400 241,528.000 252.392.427
Legal tenders.
49.957.000
50.038,500 Inc..
81.500 55,051,700 73,892.443
United. States Bonds.- Government bonds have been strong
and sliow a fractional advance on the popular issues of FiveTwenties.
The foreign demand continues strong for our bonds,
and it is now observed that there is a new activity and firmness
in the German markets, arising in some measure from tli« confi¬
dence engendered there by the investment of their own Govern¬
ment in United States bonds to the extent of some $12,000,000.
With both the London and German markets demanding these
securities, it is not surprising that an advance lias taken place in
their prices abroad, with the possibility of a farther advance here¬
after.
The Treasury will purchase only $500,000 Five-Twenties
this month.
Closing prices daily have been as
Bankers’ (Subtle.
Quarterly. 114% *114%
1881
reg..Jan. & July. *118% *118%
1881
coup..Jan. & July. *119% *119%
5 20’8, 1862
coup..May & Nov. *117 *116%
6s, 5-20’8, 1864
coup. .May & Nov. *117% *117%'
6s, 5-20’s, 1865
coup..May & Nov. *119 *118%
6s, 5-20’s,1865 new,coup.. Jan. & July. 117% 117%
68, 5-20’s, 1867.... coup.. Jau. & July. 113% 118%
coup. .Jan. & July.
.*118
6s, 5-20’s, 1868
.
5s,10 40‘8
reg.. Mar. & Sept. *112
112%
coup..Mar. &Sept. 115% *115%
5s, 10-40’b
6s,Currency
reg..Jan. & July. *114% *114%
funded, 1881, ..coup
5s,
6s,
6s,
6s,
This is the
price bid, no sale was made at
of bonds
6s,
6s,
6s,
6s,
68,
6s,
6s,
5s,
5s,
6s,
Per
Cent.
When
P’ablk.
Books Closed.
Insurance.
New York Fire
City Fire
10
$5
Friday
Tlie Honey
7.
6.
114% *114% *114%
11^% 118% *118%
120
*119% 119% *117%
117 *117% 117%
*117% *117% 119%
*118% 119% *117%
*117% 117% 119%
118% 119
*117% *118% *118%
112%
112% *115%
*112
*115
115% *114%
*114% *114
Aug.
8.
111%
*118%
*119%
*117%
*117%119%
*117%
*119%
119
*112
115%
the Board.
in prices since Jan. 1,
-Range since Jan. 1.---
5s, funded
6s, 1881
Aug. Aug.
and the amount of each class
outstanding July 1, 1873, were as follows :
-Amount
The range
Lowest
Jan.
coup.. 112
reg.. 114% Jan.
coup.. 114% Jau.
1881
1881
5-20’s, 1862
5-20’s, 1864
5-20’s, 1805
5-20’s, 1865,
5-20’s, 1867
5-20’s, 1868
10-40’s
10-40’s
Currency
112% Jan.
coup
coup.. 113% Jau.
coup..
new coup..
coup..
coup..
...reg..
coup..
reg..
113% Jan.
112% Jau.
Highest
11,116% Apr.
U. S. 6s, 5-20’s, 1865
U..S. 6s, 5-20’s, 1867
U. S. 5s, 10-40’s
New 5s
'
^3%
93%
90%
90%
25
3 123% June
118% Apr.
6|118% Apr.
2 120% Apr.
■“
120% June
28
192,772,600
9
Aug.
Aug.
8.
94%
94%
91%
90%
1
94%
j
94%
1
91%
90%
25,585,150
90,808,750
187,481,650
30
34.691,700
34/118.300
29
36.317,500
58,434.250
90,500/500
13,991,000
140,223,750
119,149,950
13
121% May 28
120% June 10
115% July 14
115% Jan. 25
116% May 31
Closing prices of securities in London
July
Jul}r 1.—.
Coupon.
$130,937,600 $69,062,400
Registered.
May 21
4 119
113% Jan.
113% Jan.
109% Apr.
109% Jan.
112% Apr.
State and Railroad
Dividends have been declared during the past week :
Company.
Aug. Aug.
4.
5.
2.
period.
148.427,250
224 514.050
21,344,500
54,343,550
64,623,512
have been as follows :
,
Since Jan. 1.
Lowest.
91% Apr. 18
92% June 13
88% May 20
88% May 19
Bonds.—State bonds have
|
,
Highest.
94% Aug.
8
94% June 12
92% Jan. 31
91% Jan. 31
shown most
Georgia 7s new, and Missouri?.
There are more transactions in miscellaneous Southern State
bonds through the hands of brokers privately than at the Board,
and among these the most active have been Virginia codsoIs,
Louisianas, and the old issues of Alabama bonds. The payment
of all back interest by Louisiana and the funding operations in
Tennesee© have both had a favorable influence on Southern State
credit in general.
As to the funding of Tennessee bonds the
following notice has been issued by lion. John C. Burch, State
Comptroller:
sales at the Board in Tennessees,
DIVIDENDS.
The following
follows :
Aug.
Int.
25.
<td)e
1871.
v
Differences.
Aug. 2.
July 26.
ness.
FISK & HATCH.
-
■
Clearing-house statement of New York city
excess
*
901 77
and sell the CENTRAL AND WESTERN
bank rate will be reduced no further
..
450 88
buy
PACIFIC GOLD BONDS at the market price.
The Central Pac fic Company has now over 1,200 miles of
We
drawals of coin thereon, the
at present.
The Bank of France loses
friends and customers.
nearly $33,000,000, and which is
they need no recommendation.
will soon be absorbed.
[August 9, 187b.
CHRONICLE.
on
dem.
Aug.
11.'Aug 5
.
to Aug. 11.
August 8, 1873-6 P. M.
Market and Financial situation.—The
prin¬
Comptroller’s Office, Nashville, Term., July 31, 1873.
cipal features in Wall street affairs have undergone no material
“The proper authorities of the State aie now prepared to fund the past due
change since our las; report, except, perhaps, that the midsummer bonds and
coupons of the State. Bonds which may he funded are those
dullness has been more marked, in the absence of numerous busi¬
legally issued and due, or to become due before January 1, 1874. Coupons
ness men, and the
greater quiet prevailing in business at the which may be funded are those matured or maturing on or before January 1,
Stock Exchange and in the hanking houses. Money continues to 1874. To be funded bonds or coupons must he presented by the owner or his
be very abundant on call, and the current rates are 3@4 per cent, agent in person to the Comptroller, and be examined and audited by the Gov¬
ernor ana Comptroller.
Coupons maturing on and after July 1, 1874, will not
with some exceptions below 3, where money is urged on the best be paid until the bonds to which they belong have been presented to the
class of borrowers. Time loans of currency are quoted as follows : Comptroller, examined and registered. The fund ng and registering must be
done here at the Capitol in Nashville. No power of attorney will be required
4(5:5 per cent for 30 days, 5(a6 for 60 days, 6@7 for 90 days, and 7 of
persons presenting bonds or coupons to be funded. The new bonds will be
gold to 9 per cent, currency, for the balance of the year.
delivered to the person who presents the bonds or coupons to be funded, upon
The city banks showed a decrease last week of $816,975 in their his signing the “Memorandum ” required by section 2 of the Funding Act.
which “Memorandum” is kept “in a well hound book” in this office. The
excess above legal reserve, chiefly in consequence of a decrease in
Funding Act does not allow any interest upon past due bonds or coupons
'the specie line, but the sales of Treasury gold will be $6,000,000 since their maturity.
\
during this month, aud it, seems probable that the banks may
Arrangements have been made with the General Superintendent of the
Adams Express Company, by which bonds and coupons to be funded can be
enter September with their reserves at about the present figures.
forwarded to Nashville from the leading cities of the East, and the new series
Subsequent to that date it is useless to predict in regard to the of bonds returned upon liberal terms to those desiring to fund. Bonds and
course of the-market, though it i- fair to state that the weight cf
coupons forwarded to Nashville should not be sent to the Comptroller, but to
opinion in financial circles favors the idea that money will some one authorized to sign the ‘ memorandum ’ above mentioned.
The fees fur funding are $2 for each new bond ; that is $1 to the Comp¬
not be as stringent as it was during the autumn months of last
troller and $1 to the Secretary of State.
The fees for registering are' $1 for
efich bond registered, that is, 50 cents to the Comptroller and 50 cents to the
year.
Business in commercial paper has been moderate on a basis of Secretary of State. These fees must be paid and the new bonds receipted
new
registered bonds will be delivered.
5} to 8 per cent fur prime paper ranging irom 30 days to 4 for, before theseries bonds or theBonds ’ mature July 1, 1914. redeemable at
The new
of Funding
months, a preference being shown for short date paper.
the option of the State after July 1, 1884, and bear 6 per cent interest, payable
Cable advices oil Thursday reported a fuither increase of semi-annnal.y, beginning July 1, 18 74. in New York or Nashville, as desired
£307,000 this week in the bullion of the Bank of England, but no by the person obtaining the new bond. They are each lor $1,030. The State
does not recei/e and account for any fraction of a bond or coupon iu excess
further reduction in the l ank rate, whicli remains at 34 per cent
of the bond demanded. If the amount to be funded be less than the amount
It is believed that in view of the large amount of bills held by of the bond demanded, the party applying must pay the deficiency in cur¬
Germany against London, and the possibility of heavy with¬ rency.”
“
“
“
“*
183
CHRONICLE
THE
1873.]
August 9,
for the Union going heavily “short” of gold, that there is not as much disposi¬
from the recent tion to do so as there was a few years since. One manoeuvre of
depression. The high prices of Government bonds, and the those favoring a decline is to borrow gold on long time loans and
uncertainty of railroad stocks as an investment, are both influences then throw it on the market to keep down the price. The rates
-calculated to turn the attention of private investors towards first- paid for carrying to-day were 2, 2£, 3. 3£, 4 and 5 per ceDt, and
class railroad bonds, as the latter, when carefully selected by flat for borrowing. Time loans of gold are quoted flat for 30 days ;
judicious bankers, are hardly equalled as a sound security, 1 to per cent for use for 60 days ; 4 to 1 Per cent for 90 days, and
1^ per cent for the rest of the year. At the Treasury sale of
always salable in this market.
$1,500,000 on Thursday the total bids amounted to $6,120,000.
Closing prices daily, and the range since Jan. 1, have been:
Customs receipts of the week have been $3,086,000.
Since Jan. 1.
Aug Aug. :Aug. Aug. Aug. Aug.
Lowest.
8.
4.
5.
7.
Highest.
6.
The following table will show the course of the gold premium
Mch. 19
*81
82
*81
77% Apr. IS 86
81% *81% *81%
6s Tenn., old
Railroad bonds have been firm, particularly
Pacifies, in which a healthy recovery is noted
6
8
,
,
,
*81
6s Tenn., new
6s N. Car., old
6s N. Car., new...
68 Virg., old
do
consolid.
do
deferred.
*81
81%
82
82%
*15%
*43%
*53%
July 28
26
16
*
....
.
16
*15%
*43%
*11
*15
*10%
*15
*93
*93%
....
*93%
*53
*14%
93%
100%
3<!%
53
*11
*15
*i5%
*53
*li
*42%
..i.
*53%
6sS.C.,J. * J.•..
6s Missouri...
*15%
‘43%
....
*14%
*43%
93
52
bid,
This is the pric
Railroad
i; iad
no
sale
was
19
49
6
Jan.
Feb.
Jan. 20
June 28
23
97
Jan.
2 104% Feb. 10
8 89 Feb. 4
Jan.
6
67% June 2 80
57
June 21 83% Jan.
6
101
.Jan.
6 104
July 31
102
Mch. 15 107% July
1
July
6 109% Apr. 3
6 106% June 17
102% Jan.
100
Jan.
made at the Board.
Miscellaneous
each
Stocks.—The stock
day of the past week:
-Quotations.-
4
7
56% Mch. 17
15% Jan. 2
Apr.
99
81
....
....
Mch. 17
34% Jan. 30
3
10% June 26
14% July 22
9J
July 2
100% 100%
100% 100%
Cent. Pac., gold.. *100
82%
62%
82%
82%
82%
Un. Pac., 1st
73
73%
L’d Gr’t *72%
71% *72%
72%
do
*62
62
61% *61%
63%
62%
do
Income.
*101
*104
*104
*104
104
*103%
Erie 1st M. 7s
“104
*104%
101% *102
104% 104
N. J. Cen. 1st 7s..
*105
*U 5
*104
105
105
*105
Ft Wayne 1st 7s.
102
*102
*102%
Rock Isld l8t7s...
....
June 18
43% June
*11
15
93
*11%
86
78% Apr. 16
81%
market
has been wi bout any salient feature this week, and beyond a
in price, as recorded in the table following, there
few variation
is little wor h noticing.
Among the so-called “ Vanderbilt specialties,” N. Y Central & Hudson and Western Union Telegraph
continue firn- while Lake Shore is about £ lower, but closes
Pac, .ic Mail Las taken a ‘'spurt,” and closes at 41f@41£,
strong.
’
.
Total
Balances.
,
Open- Low- High- Clos¬
Gold. Currency.
ing.
est.
est. ing. Clearings.
...115% 115% 115% 115% $67,633,003 $2,346,390 *3,191,137
25,388,000 1.601,000 i,6M,441
...115% 115% 115% 115%
23,712,000 1,099,763 1.343,046
115% 115% 115% 115%
23 838,000
1,126,916 1,415,922
115% 115% 115% 115%
27,112,000 1,403,436 1,792,303
...115% 115% 115% 115%
26,551.000 2,567,800 2.968,614
...115% 115% 115% 115%
,
Saturday, Aug.
Monday,
Tuesday,
“
Wednesday, “
Thursday, “
Friday,
“
..
115% 115% 115% 115% $194,234,000 $2 567,800
Current week
115% 115%
119% 115%
Previous week.......115% 115%
Jan. 1,1873, to date... 112% 111%
Exchange.—Exchange has been quiet, with very
prices, the nominal rates being generally £ to
£ above the figures at which business is actually done. Reports
trom London indicate a feeling of slightly increased firmness in
money at that centre, and if this is further developed it may
affect to some extent our exchange market.
Nominal rates are
as
follows
:
-
60
table on another page.
The daily highest, and
Antwerp
as
follows:
_
1,795,921
Foreign
“
'.
Swiss
Amsterdam
108%(©108%
5.24%@5.25
5.20 @5.21 %
5.23 @5.21%
\.
40%
40%@
96 @ 96%
Hamburg
Frankfort
Bremen
.
\.
Prussian thalers
41%
96%
72%
41%@
96 @
72 @
The transactions for the week at the Custom
Treasury have been
Custom
House
...
Aug.
!09%@109%
109%@109%
108%@108%
commercial
Paris (bankers)
3 days.
days.
108%@lu9
London prime bankers
Good bankers’do
lowest prices have been
$2,968,614
little fluctuation in
apparently on speculative purchases, as no new facts have come
out in regard o the company’s affairs.
Railroad earnings fo; the
month of July make a very good exhibit, as may be seen by the
Saturday, Monday, Tuesday, Wednesday, Thursday,
Frida:
Aug. 2.
Aug. 4.
Aug. 5.
Aug. 6.
Aug. 7. ’
Aug
N.Y.Cen.&H.R. 105% 105% 105% 105% 105% 105% 105% 105% 105% 105% 105% 105%
Harlem
*133% 133% 133
133% 132% 132% 132% 132% 132 132% 132 132
Erie
59% 59%
59% 59%
59% 59%
59% 59%
58% 59% 58% 59%
do pref
*.... 73% *.... 75
*.... 73% *72% <3%
*72% 74
» ... 73
Lake Shore....
!'4% 95%
94% 95%
94% 91%
94% 94%
94% 94% 94% 94%
Wabash
’
71% 71%
72% 72%
72% 72%
72%
71% 72
72% 73
72
Northwest
67% 67%
67% 6S%
67% 67%
08% 69
68% 68%
67% 67%
84
do
pref. "83% 83% *83% 83%
83% 81% *S3
83% *83% 83% ‘83
Rock Island
110% 110% 110% 110% 110% 110% 110% llo% 110% 110% 110% 110%
52% 52%
53% 53%
6t. Paul
52% 53%
53
53%
52% 52%
52% 52%
UO
73% 73%
pref....
78% 73%
73% 73% 73
74
72% 73% 73
73%
At.-V Pac.,pref.
27% 29%
26% 26% - 25% 26
*26% 27
*25
....
26% 27%
Ohio & Miss...
39% 39%
39% 40%
89% 40%
39% 39%
39% 39%
39% 39%
Central oc N.J. 10l% 103% *103
103% *103% 103% *103 103% 108% 103% 103% 103%
*2%
2%
Bost., H.& Erie
*2% 2%
2% 2% *....
2%
*2% ....
‘2% 2%
101% 102
101% 101% 101% 101% 101% 101% 101% !01%
Del., L.& West 101% 102
*33
Han. & St. J os.
39
39% *38
39% ft
*38% 39%
39% ft 39% 3t% *38
39% ft
60
60
60
60
do
pref. *
28
Union Pacific..
28% 28%
28%
28% 29
28% 23%
28% 28%
28% 29
Col.Cnic.& I.C.
31% 31%
31% 31%
31% 31%
31% 31%
31% 31%
31% 32%
1,540,770
207,847,000
Receipts.
2
$410,000
505,000
632,000
448,000
586,000
505,00)
5
7
as
5.19%@5.20
5.15 @5.16%
5.13%@5.15
4 0%@
40%
97
@
41%@
97
@
72%@
97%
41%
97%
73
House and £ub-
follows:
-Sub-Treasury.
-Payments.
-Receipts.Gold.
Currency
Gold.
Currency.
$749,080 31 $248,489 36
$1,438,203 68 $209,391 89
396,063 55
470,659 35
316,327 87
506,496 40
462,996 27
1,871,961 61
984,538 29
172,187 66
268,288 20
711,877 73
4,187,196 41
718,734 17
208,634 80
409,201 00
440,967 37
632,040 14
503,486 44
863,524 01 1,836,654 32 1,822,899 10
—
-
ft
Panama
West, Un. Tel.
Quicksilver....
do
pref.
Pacific Mail....
Adams Exp
American Ex..
United States..
...
Wells, Fargo..
Canton
Cons. Coal
Maryland Coal.
*
92% 93%
3*% 38%
50
*45
36% 38
*94% 95
*63% 64
68
*72%
*98
ft
116
92%
39
115%
92%
92
93%
ft
39
39
.
....
37% 38%
*95
*64
„
37%
6S
68%
*55
55%
*73
*72%
*98% 102
*JO0% 101%
*51% 55% *54% 55%
*23
25
*23
This is the price
....
ioi%
25
bid and asked
'Tiie entire rauge
follows
N. Y. Ceu. & Hud. R..
Harlem
-
: no
*35
*45
25
*23
67
*73
67
*73
...»
99%
99%
n.)
55
25
*23
Jan. 1 to date 1873
Lowest.
[ Highest.
97% Apr.
114% Jan
58
July
72 May
88% Apr.
62
Apr.
67% Aug.
16.106% Feb.
6 140
Apr.
18: 69,% Feb.
Feb.
Feb
Jan.
Feb.
Feb.
Mch.
Apr.
Jan.
Jan.
Jan.
June
Canton
Consolidated Coal
ft
102
55%
*23% 24%
94%
63
67
*99% 100
*54% 55%
*23
Nov. 11
21
24
29
24
72% Nov. 11
40
98
3%
91
28
44
June
Feb.
Jan.
Jan.
28%
19%
34%
92%
61%
65%
72%
Jan.
20
July 1 76% Feb.
Apr. 17T00% Jan.
July 1! 70% Jan.
July 26! 82 Jan.
Aug. lj 86 Jan.
Apr. 8 110 May
Jan. 14 58% A
Apr.
Jan. 18j 28 M^h.
V,\t01%
51
72
Feb. 26 130
90
43
Maryland Coal
75%
*54%
Nov.
80
Feb.
Telegraph.. 77% Apr. 17! 94% Feb.
Quicksilver
36 May 16 46% Jan.
do
pref
47
May 17; 57
Feb.
Wells, Fargo & Co
67
39% 41%
*94
63
*65
*73
25
Apr.
,
2
107% Feb. 12-130 Apr. 25
Feb. 5 75% May 20
30
60
Mch. 2 87
May 20
83% Nov. 11 93% Mch. 30
64
Nov. 11 80% Apr, 4
Nov. 23
66% Jan. 5 230
83% Nov. 11 102 Nov. 25
Nov. 11 118% Apr. 2
11 101
95
Adams Express
American Express
United States Express.
38% 39%
94%
Whole year 1872.
Lowest.
!
Highest.
,
26% June llj 43% Feb.
Pacific Mail
39
50
ft
*94%
*63%
67
92%
from Jan. 1, 1872, to this date has been as
..
Col., Chic. & I. C
39
92
ft
sale was made at the Board.
Erie
do pref
5j 82
Lake Shore
16. 97%
Wabash
16! 75%
Northwest
5i 85
do
pref
80% July 1 94
Rock Island
104% Apr. 16 117%
St. Paul
June 11 62%
do
68% Apr. 17 79%
pref
Atlantic & Pacific pref. 18 July 1 38%
Ohio & Mississippi.... 36% June 11 49%
Central of New Jersey. 96
Apr. 8 106%
June 3j 10%
Boston, Hartf. & Erie.
2
Del., Lack. & Western. 93 Jan. 71106
Hannibal & St. Jo
June 111 52%
32
do
do
pref. 51 June 2! 71%
Union Pacific
22
June 20i 39%
Panama
West. Un.
92%
38% 39%
*94%
63
63%
95
64
*(-3%
*67>«,
61%
91%
38%
95
95
68
.
*113
92
92%
ft
39
50
115
115
67%
! 25%
l
30
8*% Sep.
Jan.
60% Jan.
56% Jan.
76
83
Jan.
1
Jan. 20
1
Jan. 15
May 18
Mch. 16
Jan. 17
Jan. 19
Apr. 1
May 21
Oct. 26
Dec. 23
6
Dec.
Oct. 21
2 103% Oct. 22
18 99% May 20
6 80% May 24
11 88% July 6
4 95
May 21
Oct. 23
6 107
Nov. 11 51%
4 113%
Oct.
Jan. 2 11%
Dec. 13 712%
Nov. 11 59%
Sep. 18 71%
Jan. 5 42
5 42%
Jan.
2 148%
Jan.
Sep. 18 82%
Jan. 13 49%
Jan. 13 59
| 53% Jan.
59
64% Apr.
Apr.
Lapsley & Bazley, 74 Broadway and 9 New street, quote stock
“privileges” (signed bv responsible parties) l@l% per cent premium foi 30 days
and 1%@2 per cent for 60 days, at prices varying from the market as follows:
Puts below. Calls above.
1 @2
Central & Hudson.. %(& %
1 @2 i
Lake Shore...
%@ %
Rock Island
%@2
2%<§>4
Erie....
2% 44
2%@4
3 @5%
Pacific Mail
1%@8%
Northwestern
%
do
2 @3
pref. 1 <3>2
4 @6
West. Union Tel.
2 @3
Ohio & Mississippi. %@ %
%®1%
.
.
The Gold Market.
Puts below. Calls above.
Union Pacific
Wabash
%®1%
1 @2
Col., Chic. & I. C.... 1 @2
B. H.& Erie
%@ %
St. Paul
do
pref
Gold % p c for
Gold % p c lor
1
1
30 ds
60 ds
@1%
(ft 1%
%@ %
%@ %
—There has been little activity
1 @2
1%@3
$3,086,000
$42,914,060 18 $29,636,846 59
$41,821,761 09 $30,961,132 81
New York City Banks.—The following statement shows
the condition of the Associated Banks of New York City for the
week ending at the commencement of business on Aug. 2, 187a :
.
%
1%@3
1 @1%
1 @1%
in gold,
AVERAGE AMOUNT
Loans and
Capital. Discounts. Specie.
$3,()00,0(’C *13 858,200 $3,100,600
2,050,00t
6,740.700
594.300
3,000,000
9,677,400 1,286,000
2,000,000
5.925,800
286,400
1,500.000
4,965,300
499,100
3,000,000
7,961,700 1,597,800
1,84)0,000
3.855,900
575,900
Banks.
New York
Manhattan Co
Merchants’...,
Mechanics’
Union
America
Phoenix
1,000,000
Fulton
Chemical
Merchants’Exch’ge.
Gallatin, National..
Butchers’&DroverB’
Mechanics* l raders
Greenwich
Leather Manuf
Seventh Ward
State of N. York..
American Exch’ge.
5,645,700
3,254,000
1.754,100
7,137,200
1,500,000
City
Tradesmen’s
3,520,100
1,000.000
600,000
300,000
1,235,000
800,000
600,000
200,000
600,000
500,000
2,000,000
5,000,000
10,000,000
.
Commerce
1,000,000
Broadway
Pacific
1,000.000
422,700
Republic
2,000,000
Mercantile
,.
450,000
Chatham
People’s
412,500
.
3,437,600
Marine
39',900
540.100
4l3,9i’0
133,000
326,000
55,300
179,500
405.500
1,476,700
2,396,100
1,491,400
2,119,100
2,956,2o0
2,424,500
8,606,800
1,000,000
2,900.000
2,791,800
1.924,200
1,595/00
2,898,700
1,202,300
60,100
38,000
101,700
330,400
214,300
57.800
396,200
69,800
6,100
227,400
312,300
75,655,500
1,122,300
Asso.
500,000
1,3S6,700
196,400
Manufact’rs’&Mer.
Fourth National....
Central National...
500,000
5,000,000
3,000,000
734.900
959,100
1,088,400
1,013,700
26,090,800
10,1S8,000
Second National....
300,000
1,667,090
350,000
......
Ninth National
First National
Third National
N.Y.National Exch..
Tenth National
..
Bowery National...
1,500,(GC
500,(00
1,000,000
500,000
1,000,000
250,000
6,S6e,000
4.294,800
6,630,100
1,231,400
1,902,400
1,131,000
2,900
16 700
’ 18,900
1,400
4,137,000
34,000
460,200
186,000
490 500
'
618,000
1.230.800
292,4JC
228.9C0
410.400
173.600
666.700
393,0(0
106,(TO
437.400
190.100
558.800
3,371,200
5.765.800
187.600
172.100
251,000
288.600
206,600
3.525.400
2,690,000
408,300
2,055 2( 0
490.700
2.327,509
3.782.700
3,075,200
6,284 ) 00
2.792.100
4.100.700
1.931.800
1,435,400
5,113,000
2.700.700
1.843.900
2,00) 800
1,308.4(0
1,3(6,300
2.587.100
896, (00
3,491/00
6,'.63,600
8.877,(00
3.356.600
4.405.700
1.668.500
3.730.800
2.140.600
1.416.700
2.916.500
2.669.500
2,825,000
6.459.600
1.325.900
1.960.800
1.833.800
1.104.800
2.718.100
1.195.800
1.527.900
1,768,3(0
1,176/00
2.297.700
14 650,809
20.926.700
1.219.500
640,200
781.600
786,800
845.600
28.207.600
8,763.000
1,876,6(0
488,800
481,900
1,200
513,8u0
745,000
443.600
486.900
232.500
197,700
2,700
262,000
169.600
525,300
949.200
8,125,700
883,000
479.400
821.600
180.500
5,600
292,9U0
177.400
1,161.909
130.2U6
8,(00
852.200
785,ooe
790,600
5.000
580,10C
281,800
4,100
360,000
495.900
876.100
806,800
224,000
2,908,800
1,386,(X 0
■265,000
583,800
317.600
272.700
6.698.900
5.475,200
7,244,SCO
820,100
177.600
349,0! 0
274.500
794,100
878.600
4,200
954.000
225,000
88' ,2 0
179,1(0
811.600
389,000
1,529,400
404,5(0
9,700
199,000
New York Co. Nat.
German American.
200,000
2,000,000
1,208,200
6,161,000
223,900
Dry Goods
1,000,000
2,27}.<}iO
3.400
Total.
198.700
386,000
6,200
220,900
294.60)
20,300
14,366,900
300,000
400,000
258,OOC
1.535,600
1,500.000
2,000,000
230.100
816,700
Importers’* Trad’rs
Park
Mech. Bank’g
Grocers’
North River
East River...
.456,600
877.500
182.700
460.800
25,700
16,300
2,228,900
4,939,'DO
1,010,000
1,000,000
-
746,000
245.800
478,510
1,018,400
692.800
410 900
10,861,200
2,(be,0(0
750,000
30e,000
400.000
700,400
1,015.600
15,900
4,000,(00
1,000,0(0
455 300
4,439,500
1,939,700
5,239,900
Metropolitan
Market
St. Nicholas
Shoe and Leather..
Corn Exchange
Continental
Commonwealth
Oriental
467.700
1.469.300
1,2*9,600
689,000
3.561.300
3 380,400
3,345,000
4(U',(XU
1,KH\000
803,000
833,500
60,(*00
404,500
1,529,700
2,t'9.000
1.000,000
1.000,000
5(0,000
Citizens
Nassau
OF-
Net
Circula¬
Legal
tion.
Tenders. Deposits.
$815,600 $12,812,800
$829,800
5 638,9< 0
9,7(0
1.267.400
864,2(0
1,5*0,600
8.477.600
2,730,800
1.859,800
1,067,700
3,100,900
1.154,900
4,627,700
10,757,00)
18,705,900
North America
Hanover
Irving
.
1%@2%
1%@3
Total
Balance, Aug. 1
Balance, Aug. 8
259,600
785,000
265,000
5,5tl,8JU
1,311 400
$34,129,200 f2§9,9$5.200 $3Q,272,200 $50,088,500 $238,810,900
$27,188,00 0
contending parties appear to be relatively
The deviations from the returns of previous week are as
quiet. The announcement of Treasury sales to the amount of
follows:
$6,000,000 during this month, though not altogether unexpected,
Loans...,.,.
Inc. $597,100 I Net Denoslt*.
Dec. $277,40f
was a slight check to the bull party, while on the other hand the
Specie
7.... ...
Dec.
977,109 Clrpulatioh .
Dec.
37JD
81,900
experience of the past furnishes such forcible warnings against Legal Tenders............ .Inc.
and for the moment the
-
May 81....
June 7....
June 14...
June 21...
277,714.400
278.903.800
27.398.300
27,631,500
281,506.600
288,174,500
July 12...
July 19...
283,986,200
Aug 2....
Boston
National Banks, as
Aug. 4, 1873:
*1,591,900
2,931,700
8,849.700
2.340 200
1,000,000
1,620,600
600,000
200,000
Boylston
Broadway
Columbian
Continental....
Eliot
Everett.
Faneull Hall
Freeman's.....
Globe
Hamilton
Howard
Market
Massachusetts
Mavarlck
Merchants
Mount Vernon
New England
North
Old Boston
Shawmut
Shoe* Leather
State
Suffolk
Traders
Tremont
495,700
2,415.000
2,lu8,800
2.910,900
761.500
2.677.500
1.739.300
2,296,400
1,559.100
2,285.900
1,500.000
1,000,000
1,000,000
1,000,000
200,000
1,000,000
800,000
1,000,000
750,000
1,000,000
800,000
800,000
400,000
3,000,000
200,000
...
2.159,700
1,198.000
7,176.900
629.500
2,456.300
1,000,000
600,000
2.000.000
65.060
....
252,W0
1,500
100
67,100
1.700
15.600
2.300
630,000
110.100
252.200
105.400
159.300
56,800
274,700
95.660
1,407,000
753,100
780,800
501,800
1,211,400
703,160
2.932 700
359,400
465.500
81,400
168,000
167.400
47,000
118,509
786,100
117,500
497/00
351,200
351,4U0
242,400
450,000
353.400
419 609
239.70U
1,547,960
172.400
781,800
539,260
1,538,000
244.300
30.400
28,400
33.009
77,300
3,600
125,500
572,800
840.000
1,370,500
142.800
224.200
69.660
933,860
1,447,500
1,131,900
76C.210
844,400
417.000
174.9(0
1.968,700
1,634.500
1,060,900
2,239,800
784,600
1,909.800
5,7n6,3oo
s.038.700
1,962,400
1,500,000
1,000,000
1,000,000
1,000,000
1,500,000
2,000,000
200,000
1,000,000
1,500,000
Webster
Commonwealth
Central.
Manufacturers
....
701.500
77b,:3uo
169,7(i(|
1,541,100
5,383,400
1,000,000
Union
100
7,200
3,000
|144,5'JU
759,060
798,800
581.660
439,060
173,400
791,000
1,295.900
4.666,700
2,000,000
t,000,u00
Security
$3,900
Circnla.
*531,100
892,300
1,351.600
1,078,860
791.800
298,500
798.000
*126.900
201.400
364.000
244,300
109,000
107.300
231.200
194.200
332.100
156.300
429.300
4,238,100
300,000
Revere
L.T. Notes. Deposits.
5,460
57,900
12,400
1,851,760
1,600 000
Hide & Leather
Specie.
House>n Monday,
231.400
217.500
323.800
3,444.900
1,000.000
......
statement of the Boston
3.433.10C
3,149.300
1,567,200
750,000
City
Eagle
Exchange
527,666,746
517,225.952
465,712,370
158,800
2.961.100
1,000,000
2,000,000
1,500,000
Washington
27,276,2)0
27,291.800
27,281,590
27.225.100
27.188.100
3.22C.700
2.054,800
2,341,900
1,000.000
900,000
1,000.000
First
Second (Granite)...
Third
Bank of Commerce
Bank of N. America
B’k of Redemption.
Bank of Republic...
a
529.430,463
433,988,733
478,571 ,‘_86
462,657,568
27,352,000
27.311,400
238.840.900
give
Loans.
*750,000
1,500,000
1,500,000
Atlantic
Atlas...,
Blackstonc
Boston
27,402,700
220.392.500
224,040.800
232.369.400
238.916.900
240.266.400
239.118.300
1.985,100
4.313,00C
3,350.800
4.337,200
913,500
2.582.300
2,629,000
500.000
500.000
2,566,360
500,000
651.200
12,800
120,400
6,300
200
181.000
42,800
200
3,300
*
876J0J
*32,200
—
511.500
951.lit)
736.600
173.200
672.70IJ
730,809
724,200
902,900
975,200
643.200
864.0)0
61,000
6,000
593.300
1,352,700
261.600
3.8.100
194.200
139,900
156,000
390 800
204.3:0
388.060
89 200
192,900
197.600
120,SU0
17,000
4,300
160.60U
29,100
3,400
100
24,8^0
1.700
827,600
581,900
509,700
563.4oo
1,012.500
7*6,7, 0
780,900
7S5,l()o
674,800
784,500
1.931,800
1,206 200
1,728,200
436,9yo
328.900
787.300
71.7,6. rj
750,<Vj
765.500
175, noO
969,100
541.300
486.700
944,700
900.000
144,8(0
5!,100
1,719,600
404,900
226,60J
Total
*49,350.000 *123.617.400 *1.536,000 *10,955.600 *50.372,300 *25.550.000
The total amount “due to other Banks,” as per statement of Aug. 4, is *20,738,too.
folJows:
The deviations from last week’s returns are as
Loans
Decrease.
*3,500
Specie
Decrease.
297,000
The
following
Specie.
1,401,100
1,839,900
1,757,700
117,501.100
117,070,500
May 5
May 12.....
May 19 ....
May 26
June 2
117,018,600
116.962.600
1.696.400
1,269,200
1,011.500
117.9.59.600
118.218,500
9
.
.
7
14
21
29..
Aug. 4..
July
July
July
July
978,500
119.224.900
120.163.900
121.3616.700
122,947,000
124.173.700
16.. ,
23
30...,
...
Increase.
11,960
the totals for a series of weeks past:
Loans.
Date.
June
June
June
June
are
Increase.^ *182,500
Circulation
80,300
Decrease.
LogalTender8
Deposits
1.156.600
999,700
1.935.400
2,422,500
2.277.600
1,333.000
1,536,000
124,088,800
123,6 20,900
123,617,400
Legal Tender.
9.191.600
9,052,100
9.441.600
10,542,660
11,406,800
11,114,300
10.929.900
ll,193,W)0
11,738.0'M
11.251.600
11.271.900
ll.145.f00
11,035,900
10.955.600
Deposits. Circulation.
48,103.700
25.625.700
48,467/00
25.566.300
50.285.800
25.475.900
51,029,300
25.454.300
51.20S,r;00
25,440,00
50.422.500
25.334.300
50.356.100
25,491,4(0
49.164.100
25,556,10()
50.106.800
25.170.300
25.487.700
51,284,600
51,109,900
25.921.100
50.171.500
25,577,200
25.538.100
50.159.800
50,372,300
25,530,000
Philadelphia Banks.—The following is the average con¬
tue
dition of the Philadelphia National Banks for the week ending
Monday, Aug. 4, 1873 :
Capital.
Banks.
Loans.
$1,500,000
North America
1,000,000
Farmers and Mech. 2,000,000
*5,807,000
4.12S.000
6,156,200
810,000
800,000
500,000
250,000
2,399,000
2,253,000
250,000
1,127,496
x'hlladelphia
Commercial
Mechanics’
Bank N. Liberties.
Bouthwark.'
Kensington
Penn
500,000
Western
2,517,000
1,483.000
400,000
Specie.
$36,000
Total net
L. Tender. Deposits.Circulat’n.
6,000
535
7.500
t'ooo
*4.931,000
1,620.179
214.155
413.500
lse’.ooo
$1,943,000
838,00)
1,903,300
540,000
365,000
594,000
463.500
310.500
223,883
451,340
592,000
1.419,000
2,097,000
1,407.0(0
914 101
SI 2.435
799.001*
1,000,(MX
607,000
463,000
’sis
183.275
1,000,000
200,000
300,000
3,967,000
1,615,000
1,125,533
11,000
7,000
841,000
3,043,000
333,(XX
273,703
1.1)0,000
176 000
10,509
810,749
400,000
1,454,811
319.971
732,177
"704
125,737
3,809,000
26,300
619 000
927,017
421,364
3.722,000
1,586.000
8.607,000
270,000
352,548
500,000
500,000
1,000,000
300,000
150,009
1,694.000
3,896.000
1,032.355
597,000
34.000
436,000
40,000
1,311,000
1,074,000
250,000
723,000
1,000
427,000
170,000
149,000
Eighth
275,000
750,000
1,000,000
250,000
1,012.000
3,815,000
27,666
2 24.000
801,000
3,30" 000
Central
Bank of Republic..
Security
2,059,000
618,000
1,100
1,007,000
554,000
136,000
521.000
507,000
1,066,000
433,000
205.690
211,745
450,(XX
312.WX
794,000
260.690
135,(XX
219,350
237,700
575. (XX
Dec.
Loans
....
.
Inc.
Inc.
.
Legal Tender Notes
The
following
are
Loans.
58.4h2.873
May 5
May 12
May 19
May 10
59,006,414
59,117.174
59.458,900
59,894.975
June 2
June 9
June 16...
June 23
June 30
61.135,011
61,785.781
59,969 858
59,991,431
July 7
July 14
July 21...
July 28
60,480,403
60,532,196
60.382,903
59 996,743
Aug. 4
/ Deposits
Inc.
61,350,352
59,923,183
Specie.
Legal Tender.
11.452,267
238,944
11.641,739
236,537
13,456.177
110.614
Deposits.
44,166,814
45.177,205
45.127.223
2,782
Circulation
11.469.980
122,37)
13.641.300
45,992 160
11 438,6*3
11 ,-120,083
11.249. 48
128.999
116.089
14,461,463
47,514,085
11,432,563
15,377.993
15,416,348
15,250,814
15,214.558
15.267.087
51.833.223
50,694.(57
11,434.531
11,451,799
192.666
172,948
822,626
49,656,363
11,457,796
48.753.513
11,458,851
10,277,204
11.431,847
48,311,372
48,200,545
321,605
14,513,757
14,389,493
14.849,282
15,051,022
47,911,798
11.446,183
11,453,342
11,441,985
856,531
15,227,709
48,355,437
11,444,767
307,072
320.805
43,443,147
48.449,572
149
Boston & Providence
Cheshire preferred
77*
105*
13*
Chic., Bur. & Quincy
Cin., Sandusky & Clev. stock.
Concord
\
Connecticut River
Connecticut & Passumpslc, pf.
Eastern (Mass )
Eastern (New Hampshire) ....
Eitehburg.Manchester & Lawrence
Northern ot New Hampshire..
Norwich* Worcester
80
183
36
101*
97
129
1U2*
do
Pitts., Cin. & St.,Louis 7s
Sunbury & Erie 1st m. 7s, ’77..
97" Sunbury & Lewlstun 7s
Warren & F. 1st m. <s, ’96
West Chestercons. 7s, ’91
3424 West Jersey 6s, ’83
do
1st m. Bb, ’96
do
do
7s,’97
Western Penn. 6s, ’93
do
do
6s. p. b., ’9(’
Wilming. & Read.,lstM.,7,1900
69
do
do 2d Mort, 1902
27 *
CANAL RONDS.
9*
Chesapeake & Dela. 6s, ’82....
80
Delaware Division 6s, ’73
1442(1 Lehigh Navigation 6s, ’34
do
RR, ’97....
do
’77.
117*
do
conv., ’82.
150
do
conv., g,’94.
78
do
gold, ’97
106
132, Morris, 1st M., 6,1876
do
2d M., 1876.
do
boat, ’85
Pennsylvania 6s, 1910
87
101* Schuylkill Nav. 1st m. 6s,’72..
do
2d m., *82
100
do
6s, ’95
131
do
6s, imp.,’31...
136
do
6s, boat, ’88.
104
do
7s, boat,’89...
1302(
Susquehanna 6s, *94
60
Port., Saco & Portsmouth
Rutland common
S
53 ik
do
preferred
Vermont & Canada
Vermont & Massachusetts
iu"
100
do
6s, new
Alleghany County, 5s, coup...
Alleghany City 6s
Pittsburg 5s
6s
do
do
7s
New Jersey State 6s, Exempts 100
99
Delaware State 6s.
..
RAILROAD STOCK8.
Camden & Atlantic
do
pref
do
Catawissa
pref
& Williamsport
do
Elmira
Elmira* Williamsport
East Pennsylvania
102*
42*
!9*
42*
61*
512,
55*
’
87
36
49
River. 25*
54*
21*
55*
Pennsylvania
Philadelphia & Frie
Philadelphia & Reading
Philadelphia & Trenton
Phila., Wilming. & Baltimore.
United N. J. Companies
122
53
123
West Chester
pref
...
CANAL STOCKS.
48
38*
I
12
-
,
El. &
do
.
5s....
Harrisburg 1st mort. 6s, ’83—
Lehigh Valley, 6s. 1898
«o
do
do
85*
60
73*
73?
97
90
88*
96*
97
102
95
88
H. & B. T. 1st mort. 7s, ’90
do
2d mort. 7s, ’75
do
3d m. cons. 7s, ’95.
Junction 1st mort. 6s, .’S3
2d
1900
do
do
do
94
92*
W’msport, 1st m, 7s. ’SC.
do
92*
’88....
Connecting 6s 19(X-1904
East Penn. 1st mort. 7s,’88...
90
7S*
72*
70
80,
73
79
65"
iii"
40*
Little Miami, 1st M., 6,1883
Cin. Ham. & Dayton stock..
Columbus & Xenia stock
91"
101*
95"
91
91
37
91*
83
ioi*
72
£0
too
8(1
96*
93
98
88
85
83
95
?4
£0
87
87
01
> 101
94
100
90
87
35
96
95
£1
89
89
88
30
81
62
78
86
92
91
76*
F5
SO
90
102
43
102*
44
83
80
33
SO
SO
81
96
79
88
38
87
86
98
84
82
95
91
81
84
61
81
82
93
80
89*
8S"
87
9
85
’86-’H7
83
do
(Leb.Br.) 6,’86
96
IstM. (Mem. Br)7,’70-’75.
94
IstM.(Leb.br.ex)7, ’80-’85
82*
Lou. L’n(Leb.br.ex)6,’93 SI*
Lou. Loan (in.
76
34
74*
And interest-.
ST. LOUIS.
6s, Long Bonds
6s, Short do
St Louis
do„
do
*do
do
S9*
9!
Water 6s gold
do
ro
(new)
Park 6s gold
do
Sewer SpecialTax 6s
North Missouri. 1st M.7s... .
2n M.7u...
do
3.i M. 7s..
do
Pacific (ol M > ) 1st M. gld....
Kansas Pacific stock
Pacific RR of Mo. slock
.
.
99*
97
8 p. c.
Jeff., Mad.* I,lstM.(I&M)7, ’81
do
do 2d M.,7,
do
do 1st M.,7,1906....
Lc;iisv. C. & Lex., 1st M.,7, ’97..
Louis.& Fr’k., 1st M.,6, ’70-’78..
do
Loui8v. Loan, 6.’81.
L. <te Nash. 1st M. (in. 8.) 7, ’77..
*
90*
■66*
7?
Louisv., Cin. & Lex.,pref
do
do
common.
Loniaville & Nashville
87*
.
Pennsylvania, 1st M., 6,1S80...
do
2d M.,6, 1875....
65
SO
105
92
S'
101
Consol. 1st M.,7,1898.... x92
Jefferson., Mad. & Ind
60"
do reg
new 7s, reg., 1910 105
Little SchnylkilUst M.,7,1^7.
Northern Central 2d m, 6s, ’85
do
do 2d ill, g. 6s, 1900
do
do 2d m. (Is. 1900...
Nortli Penn. 1st 111, 6s, ’85
2dm. 7s,’96
do
do
10s. chat, m., *77
Oil Creek & Al. if., con. 7s, ’88.
Oil Creek 1st m. 7s, ’82
Penn & N. Y. Canal 7s, ’96-1906
'
Louisville 6s, ’82 to ’87
do
68, ’97 to’98
do
Water 6s, ’87 to ’89..
do
Water Stock 6s, ’97.
do
Wharf 6s
do
special tax 6s of ’89.
do
do
do
do
do
do
95"
....
82
88
104
90
95
100
106
st’k guar 10E* 102*
102
Little Miami stock
LOUISVILLE.
85
do
Alleghany Valley 7 3-10s, 1896..
BelvidereDelaware,1st m,6,’77
do
do
2d M.,’35
do
do
3d M.,’87
Camden & Amboy, 6s, ’75
do
do
6 s,’83
do
do
6s,’89.
do
do mort. 68,’89...
do
consol., 6s, ’94...
Camden & Atlan. 1st in, 7s, ’73.
do
2dm, 78.’80..
Catawissa, 1st M. conv.,’82....
m. do
7s, 1900
91*
83*
preferred.......
And interest.!
Dayton & Michigan stock
RAILROAD BONDS.
new
*
.
6
pref
chat.
Baltimore & Ohio stock.,,.,.
CINCINNATI.
61*!
46* Cincinnati 5s
6s
do
51*
7-80s
do
55*
Ham. Co., Ohio 6 p.c, long bds.
do
do
7 p.c.,1 to5yrs
36*
do
do
lg bds, 7 & 7.30s
49*
26
Covington & Cin. Bridge
Ham. <fc D., 1st M., 7, 80...
54* Cin.,
do
do
2d M., 7, '85..'.
25*
do
do
3d M., 8,77...
55*
122* Cin.. Ham.& Ind.7s guar
Cin. & Indiana, 1st M., 7
55
do
do 2d M.,7,1877..
Colum.,& Xenia, 1st M.,7, ’90.
Dayton & Mich., 1st M., 7 81..
do
do
2d M.,7,’84..
do
do
3d M.,7, *88..
do To’do dep. bds,7, *81-’9I.
Dayton & West., 1st M., 7,1905.
do
1st M., 6,11X5
do
38* Ind., Cin. & Laf., 1st M.,7
do
(I.&C.) IstM..7,1888
54 *
Union pref
'
90*
do
125
122
do
do
2d M., endorsed, 6(’90.
do
Central Ohio
53
12
46
West Jersey...
S5
15*1
Minehill
do
99
Parkersburg Branch
8
Schuylkill
Nesquehoning Valley
103
.
i
pref.. 38"
Lehigh Valley
Norristown
Northern Central
-.
North Pennsylvania
Oil Creek & Allegheny
*
7627
,
Little
*01
35
Harrisb’g, Lancaster & C
Huntington* Broad Top. ..
do
do pref.
94
ICO
.
;-o*
102*
H02(
97*
101*
Philadelphia 6s, old
45"
99
1884
do
do
68,1900
98*
do
1890. Park 6s
Baltimore & Ohio 6s of ’75
98" 98*
do
do
6s ol ’90...
do
do
6s ol ’ 85....
do
(N. W.Va.)2dM 6?
.97
do
3dM.6a
Central Ohio,1st M.,6 ...
885s 89*
Marietta & Cln., 1st M.,7, 1891. 102* 102*
92*
do
2d M.,7,1896. 92
do
Norfolk Water 8s. ^
:*S7*
Northern Cent., 1st M. (guar) 6
do 2d M., S. F.,6,’85. 90* 91*
do
S7
do
do 3d M., S. F., 6,190<
do
do 3d M. (V. & CD 6,’77
do
do Cons, (gold) 6,1900 9i ‘ 91*
Pitts. & Connellsv., 1st M.,7, ’98 94* 95
do
do
1st M., 6,188!
West Md, IstM., endorsed, 6. ’90 96*
do
1st M., unend.. 6, 90.. 75
PHILADELPHIA,
STATE AND CITY BONDS.
79*
BALTIMORE.
Maryland 6s, Jan., A., J. & O..
do
104
6s, Defence
Baltimore 6s of’75
99* 100
5324'
83
Pennsylvania 58, coup
do
6s, ’67, 5-10,1st...
10-15,2d...
do
do
do
do
15-25, 3d...
91*
SO
103
do
Coal Co. bonds.
Union 1st mort. 6s, ’83
Wyoming Valley 1st m. 6s, ’78.
99*
HO* 1102:
125*
Old Colony
*
99
..
59* ‘
OgdenB. & L. Champlain
do
do
pref....
180,000
Inc. $313,639
34.926 Circulation
176,687 I
210,761
178,117
—
do
the totals for a series of weeks past:
Date.
ADril 28
•
$73,56')
.
do
1356,531
$15,227,709 $48,255,437 *11.414,767
The deviations from the returns ot previous week are as follows:
Specie
34*
Ogdensburg & Lake Oh. 8s—
Old Col. & Newport Bds, 6, ’76.
do
do Bonds, 7,1377.. 101*
Rutland, new, 7
65
Stansted & Chainbly 7s
Verm’t Cen., 1st M., cons.,7, ’86 27
2d Mort., 7,1891
do
Vermont & Can., new, 8
Vermont & Mass., 1st M. 6,’83.
144*
Boston & Albany stock
127
Boston & Lowell stock
11737
Boston & Maine.
80i),(XX
$16,435,000 *59,923.183
Total
98
Eastern Mass., conv., 6. 1874...
Hartford & Erie, 1st M (new)7.
pref
Schuylkill Navigation
794.5i4
Union....
First
Third
Sixth
Seventu
M., 7, ’67.
GO*
90
Phil.. Wllm.&Bal.,6s, ’84
99*
Morris
250,000
do
100
Lehigh Navigation
Bank of Commerce
Girard
Tradesmen’s
99
98^
gold
Chicago Sewerage 7s
do
Municipal 7s
Portland 6s, building loan....
Burlington & Mo. L. G., 7
Cheshire, 6
Cln., San. & Clev., 1st
96
GO"
do
7s, ’93
104"
deb. bonds,’93 79" 60
g. m. 7s, c. 1911 1003k 101*
do
103
reg...
6s, g., 1910..
do
do
do
iio*‘ iii*
Boston 6s
do
5s,
174,120
1,233,447
624.215
300,000
Massachusetts 6s, Currency...
do
6s Gold, 1876.
do
5s, Gold
96
Philadelphia & Reading 6s, ’80
9324
98*
440,000
1,000,000
do
do
reg....
Perkiomen 1st m.6s,’97
Phila. & Erie 1st m. 6s, ’81
2d m. 78. ’88
do
...
2! 2,000
225 792
Manufacturers’....
Consolidation
City
Commonwealth....
Corn Exchange....
Maine 6s
New Hampshire,6s
Vermont 6s
Chesapeake & Delaware
Delaware Division
1,310,400
1,596,697
2,151,000
4,074
Pennsylva.,gen.m. conv, 1910 9627
BOSTON.
538,067
2,875,000
5,721,900
1,461.000
$1,000, (XX)
Lid. Ask
SECURITIES.
Bid. Ask.
SECURITIES.
454,272,030
560,623,857
439,261,870
27.434.100
returned to the Clearing
Capital
Banks.
we
578,673,925
218,171,100
50,038,500
Banks.—Below
Clearings.
2H.475.800
48.329.900
48,872.500
49,957,000
82.273.600
31.249.300
30.272,200
289.878.100
289.389.100
July 26...
209.762.300
208.136.500
49.119.000
48.168.01)0
31,551,400
34.653,0)0
286.905.800
July 5....
lation.
27,493,SOO
27.447.100
Deposits.
42.752.900
44,332,300
45,30 .000
46,397,< 00
46,704,200
25.984,800
2 i,96 5,600
277.418.800
June 23...
Tenders.
Specie.
20.632.600
19,482,000
Loans.
279.846.800
277.953.800
May 24...
PHILADELPHIA, BALTIMORE, &e.
QUOTATIONS IN BOSTON,
series of weeks past: Aggregate
Circu¬
following are the totals for a
Legal
The
[August 9, 1878. \
THE CHRONICLE.
184
90
98*
99"
£0
87
S8*
50
9*
83
83
46*'
7*
9
185
THE CHRONICLE.
1878.]
August
YORK.
QUOTATIONS OF STOCKS AND BONDS IN NEW
government Bonds ana active Railroad Stocks are quoted on a previous page ana not repeated here. Prices represent
cent value, whatever the par may be.
“ N. Y. Local Securities ” are quoted in a separate list.
Bid. Ask.
BXOTJBITIBB.
Erie 7s, 5th mortgag 18S8
do 7s, cons. mort. gold
Bonds.
u. S.
8781
State Bonds.
81%
81
43%
50%
58%
bonds
consol, bonds
dr»
do
new
ueuiuo.
11
••••••
90
North Carolina 6s. old
do
do to N. C. R.R.eoup
do
do
do ex coup...
do
do Funding Act, 1866.
do
do
do
18687
do
do
(10
of 1838.
Han. A St. .Joseph.
d
Asylum bonds
io
48>;
45
debt,
7s, Penitentiary.....
68, levee bonds
do new floating
do
do
8s
88
8s
1875..
..of 1910.
California 7s
do
7s, large bonds
Connecticut 6s
Rnode Island 6s
Alabama 5s
8s
do
Ss Mont A Euf’la R
do
88 Mab. A Chat. R
do
8s
of 1593
do
Arkansas 6s, funded
do
78, L. R. & Ft. S. iss.
do
7s, Memphis A L. R..
do
7s,L.K.,P. B.&N.O.
do
7s, Miss. 0. A it. liiv.
7s Ark. Cent It
do
Texas, lCs, of 1876
Ouio 6s, 1875
do 6s, 1881
do 6s, 1886
Kentucky 6s
Illinois 6s coupon,’77
do
1879
do
War Loan
do
ndiana 5s....
do
do
do
Tol. A Wab’h, 1st Mort. ext’d.
do
1st M. St L div.
do
2dMoit
do
Equip. Bds....
do
t ons. Convert.
Hannibal & Naples 1st M
Great Western,1st M..1888
do
2d M. 1893....
35
20
82
100
102
102
Qiuincv A Tol., 1st M., 1S90
111. A So. Iowa. Tat Mort
Galena & Chicago Extended .
do
2d Moit...
Chic. R. Island A Pacific
do
'0434 104)V
104 !<; ltd
1U8
103
103
118
103 %
103
118
(Not previously quoted.)
Albany A Susquehanna..
Chicago & Alton
dor
do
pref
109 %
111%
..
ur>
1053V
84 % 85>,
39)4
Joliet A Chicago
Long Island
Marietta A Cin., 1st preferred
2d pref
07
1033-4
DniPi'nie
Harlem pref
Illinois Central
39^
63
.Sioux Oitv
ior
94
22
11
94
Michigan Central
Morris A Essex
92};
Mo., Kansas A T
25*
New Jersey Southern
N. Y., New Haven A Hartford 137
N.Y., Prov. A Bost (Stoningt.) 69
Ohio & .Mississippi, preterred.
Pitts., Ft W. & Chic.,guar..,,
do
special..
102
Rensselaer & Saratoga
Rome, Watertown & Ogdens..
,&t. Louis, Alton A T. Haute...
do
do
pref.
do
St. Louis & Iron Mountain....
St. L., Kan. C.& Northern pref
...
9d%
92%
o4
oO
do
....
i 1
03
....
••••
66
•
•
....
Wilkesbarre Coal...
Canton Co
Delaware & Hudson Canal
Atlantic Mail Steamship,
•
67
65
210
99)4
114
.
•
.
IGO**
115
Mariposa Gold
do
pref
....
....
Trustees Oertit...
Land Mining Co.
do
pref.
:6
....
Railroad Bonds.
Y. Central
do
do
do
do
do
do
do
68 1887
68, real estate...
6s, subscription.
78.1876
oo
do
Erie 1st
6s, 1883
93
92
90
W
92%
f
f
(
•
*
•
-
7s, conv. 1876
104
Mortgage
104%
do
Endorsed.,
104*
,s,2d do
187J..’.
1883
7s, 3d do
101%
7b; 4th dQ
1880
*.
*
do
do
do
Boston, H. A Erie,1st mort.
do
do
guaranteed
Cedar Falls A Minn. 1st M
Bur., C. 1 apids A Minn.Ts,gld
Rome A Watertown 1st M
Am Dock A Jm. Co. 7.’86
West. Union Tel., l6t mort. 7s.
Lonv Island RR 1st M. 7s
Smithtown A Pt. Jeff. 1st M...
St. Louis, Jack. A Chic. 1st M.
South Side, L.I, 1st Mort. bds
..
50
...
M
102*'
....
do
Sinking Fund..
Morris A Essex, convertible...
do
do
construction.
Winona A St. Peters 1st m
C. C. C. A Ind’s 1st M, Ts. S. F.
La Crosse A Mil. Ss, 1st M
L ifayette, Bl’n A Miss. 1st M.
Pekin,Lincoln A Decatur IstM
Han. A Cent. Missouri IstM..
Cin., Lafayette A Chic. IstM.
Del. A Hudson Canal 1st M
Galveston, II. A H ,7s, gold,’71
Pacific RR. of Mo., stock
Pacificli.of Mo. 1st 6g. gold ’88
do 2d 7s, cur’y.’91
do
93
105*
75%
106
89%
87
83
^
1 4
•
89%
.
93”
83
84
18
American Central 8s
J
Chi. A Southwestern RR. 7’s..
Col. A Hock. V. 1st 7s, 30 yrs .
do
tdo
1st 7s. 10 yrs..
do
2d 7s, 20 yrs...
do
Charleston stock 6s
do
Iowa Falls A Sioux C. 1st 7s...
35
4J
j0
80
88
....
....
....
98%
99%
....
....
....
....
....
88
....
.
•
.
....
...
104%
....
....
....
....
84
86
....
....
....
....
47**
83
,...
85**
45
60
72
....
50
68
<4
7K
105
97
....
Wilmington, N.C.,6spold
8s gold....
do
do
do
2d M., 10s
do
N. J. Midland 1st 7s, gold,guar
2d 7s guar
do
N. Y. A Osw. Mid. 1st 7s, gold.
do
do
2d $8, con v.
New York A Boston 7s gold..
N. Haven, Middiet. A W/vs....
Newburg br’ch 7s, guar. Erie.
Omaha A Southwestern RR.S’s
Oregon A California 7s, gold..
Oswego A Rome 7s, guar
Peoria. Pekin A I. 1st m, gold
Pitts Cin. A St. L. 1st 7s
Port Huron A L M.Ts.gld, find.
do
do
7s, gold....
Peoria A Rock I. 7's, gold....
Rockf’d.R I.A St. L.1st7s,gld
,
1*4* ’
100
52%
80
30
87%
101
92
stock
Macon A Western stock
Macon and Augusta bonds...
do
do
endorsed
do
do
stock......
Memphis A Charleston, 1st 7s..
do
....
....
94
90
78
SO
ID
90
40
33
93
....
do
2dm.,
Mississippi A Tenn., lstm.,7s
do
do
.
c6nsold.,8s.
Montgomery A WestP.. 1st 8s..
do
do
1st end.
Income
Mobile A Mont.. 8s gold, end
Mobile A Ohio sterling
do
do
do
ex ctfs.
do
do
8s, interest....
do
do
2 mtg, 8s
do
do
income
do
do
stock
N. Orleans A Jacks. 2d M. 8s.
do
do
cert’s, 8s.
N.Orleans A OpelouB.lstM.8s
Nashville A Chattanooga, 6s...
NorfolkA Petersburg 1st m.,8e
do
7s
do
do
do 2dmo.,8s
Northeastern, S.C., 1st M.8s....
do
2d M.,8s
Orange and Alex., lets, 6s
do
2ds, 6s
99
80
70
79
60
6s
..
90
77%
do
Memphis A Little R. 1st M
Mississippi Central, 1st in., 7s.
end.by State of Alabama...
65
f'5
83
60
91
2d 7s
(stock.
Memphis A Ohio, IDs
Montgom.A Eufauln 1st 8s, gld
90
62%
do
do
do
do
do
75
slock...,
Greenville A Col. 7s, guar...,
do
do
Ts, certlL.
Macon A Brunswick end. 7s...
fio
80
Southern Minn, construe. Ss.
do
do Ts
St. Jo. A C. Bl. st M.,10s
do
do
8 p. c..
St. Jo. A Den. C.8s, gold,W. D
do
do
8s,gold,E.D
7 rt
do
3ds, 8s
do
4ths,88
Rtclim’d A Peterb’g 1st m., 7s.
do
2d in., 6s.
do
do
3d in., 8b.
do ‘
67%
76
85
72
Rich., Fre’ksb’g A Poto.6s
88
....
do
do
do
conv. 7s.
Rich, and Danv. 1st cons’d 6s..
do
Piedmont 8s.
do
lsts, 8s
98
95
..
....
7s
St.Louis, Vandalia A T H. 1-t 96
do
2d 82%
do
St. L. A So’eastern 1st 7s, gold
St. L.. A St. Joseph,1st,6e, gld 50
Southern Central of N. Y. 7s.
86
Tebo A Neosho7s, gold
90
Union A Logansport7s
Utah Central 6s, gold
Union Pac., 1-0. branch,6s, gld 88
Walklll Valley 1st 7s, gold
West Wisconsin 7s, gold
.
....
New Loans.
Ind., B. A W. Ext, 1st m gl 7s
Jack.. N. W.A S.E. Istm gls7
Chesapeake & 0.1st m. gld 6a
do mort gold 7s
do
do
Georgia R. R., 7s....
11
70
Chic. A Can. South. 1st m gl Ts
Cli., D. A V., I. div., I m gld 7s
Hous. A Tex. C. 1st tn. gold 7s
Houston A Gt. N. lut m. gl.l 7s
Internat’l RR.Tex, lstm gld 7s
lad. A Ill. C 1st m. gold 78...
do
do
1
80
70
95
80
95
Ron don t A Oswego 7s. gold...
Sioux City A Pacific 6s
Southern Pacific 6’s,gold
South Side (L. I.) 7s
Steubenville A Indiana 6s
“
“
2d 7s
...
Ala. A Chatt., lst.M, 8s, end...
Ala. A Tenn. R, 1st M..7e....
do
2d M.,7s
Atlantic A Gulf consol
do
do
end. SavanT)
do
do
stock
do
do
do
guaran
Central Georgia, let M..7s
do
consol. M.7f
do
do
do
stock
Charlotte Col. A A.,1st m.,7s
do
do
stock
Charleston*. Savannah6s,end
Savannah anu Char., 1st m., 7s.
Chernw and Darlington 7s
East Tenn. A Gcci gla 6s..
East Tenn.A Va. 6s end. Tenn
E. Tenn., Va A Ga., 1st M., 7s
-
80
10
85
...
85
90
5S
93
....
....
To85
90
i
..
_
.
* •
*
f
|t
4»»
t,
50
70
57
80
65
68
70
82
85
80
65
80
KAiLKOADS.
....
K., Ft., S. A Gulf, stock...
do
1st. M, 10s
do
6s
Petersburg 6s
94*'
do
7s,
do new, gld 32
S2
do
6s, g d, Jun A Dec 81
do
83% V4
6s, do Feb A Aug
94*
do
7s, 1876, Land Gr. 92
80
do
7s, Leaven. Brch. 78
3'*
36
do
Incomes, No. 11..
22
do
do
No 16.. 18
do
Stock
8% 9%
1C2
Kalamazoo A South II. 8s, guar 100
92
Kal., Alleghan. A G R. 8s,guar 87
85
Kal. A White Pigeon 7s
105“
Kansas City A Cameron !0s...
85
Kan. C., st. Jo. A C. B. 8 p. c..
Lake Sup. A Miss. 1st 7’s,gld.
82%
78
do
do
2d 7s
80
Leav., Atch. A N. W. 7s, guar.
l
Leav Law. A Gal., stock
50* *
do
do
1st M.,10s.. 48
90
Louisiana A Mo. Riv. 1st m. 7s 86
90
Logans., Craw. A S. W. 8s, gld.
1(8
107*
Michigan Air Line, 8s
Mo.iticello A I*. Jervis78,gold
90
Montclair 1st 7b, gold, guar
30 |
do
7s, income
■>5
Mo., Kan. A Texa* 7s gold
Mo.
70
Richmond 6s
Savannah 7s, old
do
7s, new
80
90
90
85
x80
40
60
70
80
8s
Nashville 6s, old
do
Gs, new
New Orleans 5s
ao
ao
consol. 6s
do
do
bonds, Ts
do
do
10s
do
do
to railroads,
Norfolk 68
85
85
54
60
Montgomery 8s
85
70
85
80.
80
88
84* ’ Sandusky. Mans. A Newark
....
do
new bonds,6s
do
end., M. A C.R.R...
Mobile5s
60
75
40
94
2d 8-»
lndianap. A Vinocn. 1st 7s,guar
Lynchburg 6s
Macon 7s,bonds
Memphis old bonds, 6s
100
87
2d 7s
7s. equip....
Home, W. A Ogdensburg 7s...
31%
Atchison, Top. A S. Fe Vs gld.
Atchison A N ebraska 8 p. c....
101
Bur. A Mo. River, stock
do
Land M. 7s.. 95
do
do
do
2d S., do 7s.. 102
;
90*
ao
I Evansville A Crawfordsv. 7s..
Erie A Pittsburgh 1st 7s
con
Char]e8ton,S.C.,78, F.L.bds..
85
90
Dutchess A Columbia 7s
Denver Pacific 7s, gold
Denver A Rio Grande 7s, gold
Detroit. Lansing A Lake M 8s
Elizabethtown A Padu. 8s
.....
Columbia, S. C., 6s
Columbus, Ga., 7s, bouds
97
ICO
85
Detroit, Hillsdale A In. RlL8’s
Evansville, Hen. A Nasnv. 7s..
9S
60
85
Connecticut Western 1st 7s....
Chic. A Mich. Lake Shore 8s..
Des Moines Valley 1st 8s.......
do
do Land Grant 8s
Dan., Urb., Bl. A P. 1st m 7 gld
1
75
80
86
54
72
62
75
72
75
55
Augusta, Ga.,7b,bonds
97
Chic., Danv. A Vincen's 7s, gld
Cleve., Mt. V. A Del. 7s, gold.
Connecticut Valley 7s, gold...
do
do
Atlanta, Ga.,7s
do
88....
94%
54% 98
97% 101
88%
95%
100
90
90
90
90
80
CITIES.
94%
96
94**
91
Securities
Southern
60
£ 95*
Home A Watertown is
0
Miscellaneous List.
Arkansas Levee bonds 7s
Atchison A P. Pk,6s gold
Atlantic A Pacific L.G. 6’s gld
99*
Tf
~
Bur., C. R. A Mo. mort. g’d. ?s
Portland & Og. (Vt. divj 6s g
50
89
96
55
Indianapolis A St. Louis
30** !Jackson, Lansin • A Sag.7s
8s... 99**
Kansas Pac. 78, Extension, gld 90%
99*’
do
7s, Land Gr., gld. 31
102)4 103
105>4
.
94“
103*
...
Pennsylvania Coal
Spring Mountain Coal
2d Mort
W. D..
do
Burl’n Div.
«o
do
2d M..
Consol. 78
do
New York A N. Haven 6s
IVIiscellaiieou* Stocks
American Coal
Boston Water Power
Cumberland Coal and Iron
M. J. Land Improvement Co..
do
I
Chicago A Iowa K. 8’s.... |
South Side of L. 1.1st m. ex.
99
90
i
Marietta A Cin., 1st Mort
: 191
Chic. A Milwaukee 1st Mort...
193
Joliet A Chicago, 1st Mort
Chic. A Gt.. Eastern, 1st Mort..
Tol., Peoria A Warsaw, E, D..
Toledo, Peoria & Waisaw
Toledo. Wab.& Western, pret.
do
do
do
90
100%
2d Mort. 100
do
do
do
do
3d Mort.
103**
d ) 8 p. c. eq’t bds
do
Cleve. A Pitts., Consol, S. F’d.
do
do
2d Mort
98%
do
Jo
?d Mort
bb>4
d<»
do
4tb Mort
100
Chic. & Alton Sinking Fund..
105
do
do
1st Mortgage...
96
98
do
do
Income
92
Ohio & Miss., consol, sink. f...
9i%!
Consolidated....
do
84% 84%;
do
2d
do
Dub. A Sioux C., 1st M
do
do
2d div
Pen insula 1st Mort.., conv
St. L. A Iron Mountain. 1st M.
88%
2d M.
do
do
Mil. A St. Paui lat-M^Ss
100"
do
do 7 3-iu do
do
89
do
78 gold R. D.
do
91
do 1st Mort. LaC.D
do
82
do
1st M. I.A M.D.
do
do
1st M. I. AD.,
do
do
1st M. I. A I...
do
do ✓ 1st M.H. A D.
do
do
1st M. C. A M.
do
Col., Chic. A Ind. C., 1st Mort.
Chic., Dub. A Minn., 8s..
do
94%
81%
2d Mort. 100
<2
c
98
;European A North Am.6s.gld
..
9
101%
-01% Spring. A Ill. S.E. RR. Imgl”
St. Loufs A S. E. RR. con. m
95
100% jFlint A Pere M. 7s, Land Gr.. 92
97
(Fort, W.. Jackson A Sag. 8s...
90)4 91
J Grand R. A Ind. 7s, gold, guar. 107%
92)'4 92%
do
do 7s, plain
93%
83
85
iGraml River Valley 8s
84
86
|lndianap., Bl. A W. 1st 7s, gld
....
Itailroad Stocks,
do
do
L. Ont. Shore Rli. 1st m. gld 7b
Lake Shore A M. S. income 7s,
North. Pac. 1st m. gold 7 3-10a
'Evansville, T II A Chic Ts, gld
l66*‘
New Jersey Southern 1st in 7s
Pitts., Ft. W. & Chic., 1st M....
|
«
>5“
Peoria A Hannibal R. 8’s.
New Jersey Central, 1st M,, n. 104*4 104%
6s, Canal, 1873.....
Chic. Bur & Quincy
Clev., Col., Cln. A lndianap
Cleve. & Pittsburg, guar
9S%
93
2d M.. 104
7s, conv. 100*4
96 %
do
95
...4781
do
68, do
1875
do
6s, do
do
68, do
do
do
6s,
1874......
do
5S, do
1875......
do
5s, do
1876......
do
58, do
do
6s, dogld 1887
do
97”
I O'*
...
Ill. Grand Trunk
Dal., Lack. A Western, 1st M.
...
New York Bounty, reg
do cou
do
97)4
•
•
..
.
Dixon, Peoria A Han., 8s.
O.O. A Fox R. Valley 8s.
Quincy A Warsaw, 8s
95% 96
Lake Shore Div. bonds
Lake Shore con. coup.bonds.
99%
do
Con. reg. bonds.
97
Pacific R. 7s. guart’d by Mo.
100)4 100%
Central Pacific gold Bonds..
103
do
State Aid bds.
Western Pacific bonds
82
32%
Union Pacific 1st M’geBonds.
do
Land Grant, 7s.. 73% 73%
62^ 62%
do
Income 10s
1U5
Illinois Central 7 p. ct., 1875... 102
Bellev’le & S.Ills. H. IstiM. 8’s. 96
99%
Alton & T. H., 1st M
S9
do
2d M. pref
do
2d M. income..
do
do
103*
Chic. A N. Western S. Fund...
do
Int. Bonds 94)4
do
do
do
Consol, bds 91%
Extn. Bds
do
do
98*%'
1st Mort...
do
do
51%
do coup gld bds
do
do regm
flo
do
102
Iowa Midland, 1st mort., 8s...
105
110
dan. A St. Jo. Land Grants...
91%
do convertible
do
Morris & Essex, 1st Mort
do
do
2d Mort
ichigan 6s, 1878
do
6s, 1888
do
7s,1878
QO
112
100
Carthage A Bur. 8s.
97
Detroit, Monroe A Tol bonds.
Buffalo A Erie, new bonds
93 %
93
105*
96
Cleve., P’ville & Ash., old bds.
do
do new bds.
15
9i'
..
r3i‘
90
90
Tol., W’ab. A W. mort. gld. 7o
...
..
iCleve. & Tol. Sinking Fund
Cleve. A Tol., new bonds
30
23
20
93
do
do
! Mich. S. A N 1. S. F.*7p.C....
35
17
16
Louisiana 6s
do
do new bonds
do
do
do
do
cdo
do
53
14
April A Oct...
Funding Act, 1866
Land C, 1889, J A J
Land C, 1839, A&O
7s
96
56)4 97%
2d
do
do
95
3d
d'do
..
99)4 93%
53% Mich. Cent., 1st M. 8s, 1882
113
do
Consol. 78, 1902— 112
113
!Chic., Bur. & Q. 8 p. c. 1st M..
99%
90% 'Mich. So. 7 per ct. 2d Mort
47%
31
Jan. A July...
do
do
do
do
do
do
do
do
do
do
MisBour 6s
do
do
bds..
S’kg F’d 6i
Albany A Susqh’a, 1st bonds .
82
82
bonds.
new
Special Tax....
South Carolina 88
do
50*'
Bur. A Mo. River 4th S.,do 8s
do
5th S., do 8s..
do
do
do
6th S., do 8s..
do
do Creston Branch
do
do Chariton Branch
Burl. A M. (in Neb.) 1st conv..
California A Oregon 6s, gold..
California Pac. KR.7’8, gld
do
68, 2d M., gld
Canada Southern 1st 7s, gold..
Central Pac. 7s, gold, conv
Central of lowa^ 1st M, 7’s gld
do
2dM,7’s,gld
Keokuk A St. Paul, 8s
]
Buff. N. Y. & E. 1st M., 1877.... 92% 94
1U4
105
Hud. R. 7s, 2d M. S. F. 18S5
102%
do
7s, 3d Mort., 1875
93
Harlem, Con.M. A
Ask
Bid. Asl
8XOUKIT1XS.
98)4 ICO
Long Dock Bonds
(Quoted previously.)
£0
do
Bid. Ask.
SBOTJKITIXB.
the pel
90
90
90
90
90
90
90
90
90
90
.
Selma, Rome A I>., 1st M„ 7s..
South A North Ala, 1st M., 8s.
Southside, Va., 1st mtg. 8s
do
2d m., guart’d 6s...
do
3dm.,6s
do
4th m.,8s
Southwest. RR., Ga., 1st mtg...
stock
do
S. Carolina RR. IstM,vs (new)
do
6s
do
do
7s
do
do
do
stock
Va. & Tenn. lsts, 6s
do
2ds, 6s
3ds 88
do
West Ala.,8a guar
100
95
81
62%
82
97
92
81
60
62
92* *
85
88
90
Wilmington and Weldon 7s....
do
ChA Ruth. 1st m. end
1st M., 8s
do
do
PAST DUE COUPONS.
Tennessee State Coupons
Virginia Coupons
ao
Consol. Coup
CMeniphisClty Coupons
65
40
79
75
[Augupt 9,1873,
CHRONICLE
THE
136
NEW YORK LOCAL SECURITIES.
Insurance Stock List.
Bank Stock List.
Marked thus (*) are Par Amount.
not National.
100
10J
100
75
100
25
American
American Exchange.
Atlantic
Bowery
Broadway
Bull’s Head*
Butchers & Drovers
Central
Chatham
A
Chemical....
Citizens’
...
....
City
Commerce
Commonwealth
Continental
Corn Exchange*
Currency
200,000
100
100
100
KK)
25
5.000.000
300,OK)
250,000
1,000,000
Q-J.
J. & J
J. & J.
J. & J.
ev. 2 inoB
J. & J.
M.&N.
J. & J.
J. & J.
2,000,000 J. & J.
1,0. 0 000 F & A.
.
.
100,00)1
1,000,000
350,00'
25
•AO.OOO
150.000
100
500 CO)
100
....
Dry Goods*
East River
Eleventh Ward*
Filth
First
Fourth
100
Fulton
30
100
100
25
40
100
100
100
German
J. & J.
J. & J.
M.&N.
J. & J.
J. & J.
J. & J.
500,000
800,000
25
100 3,000.000
450,000
25
800,000
100
4U)000
25
100 1,000.000
100 I0.0o0.000
750,0O0
100
..
American*..
Germania*
Gree wich*
Grocers
Hanover
Harlem*
Importers’ & Traders’.
5
Manhattan*
Manut & Merchants*.
Marine
Market
Mechanics
Mech. Bkg Asso’tion..
Mechanics & Traders..
Mercantile
Merchants
Merchants’ Ex
Metropolis*
Metropolitan
Murray Hill*
Nassau*
National Gallatin
New York
New York County
N Y.Nat.Exchange..
N Y. Gold Exchange*
Ninth
Ninth Warn*
Nort i America*
North River*
Oriental*
Pacific*
Park
Peoples*
Pheu’x
RepubPc
Security*
St. Nicholas
Seventh Ward
Second
Shoe and Leather
Sixth
State ofNew York....
Tenth
Ti'ird
Tradesmen’s
Union
West Side*....
Q-J.
J. & J.
M.&N.
F.& A.
M.&N.
000,000
M.&N.
20o, 000
300.000
J. & J.
J. & J.
F.& A.
J. & J.
J. & J.
J & .1.
J. & J.
F. & A.
J. & J.
J. & J.
J. & J.
J. & J.
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
000.(01
500,000
1.50 V 0 >
1
.500.100
100,000
600.000
100
100
50 2 050,000
K'0
’5U0.000
101
400.000
IOC 1,<H(0.00C
25 2,000.000
50
500,000
25
600.000
100 1,00)000
50 3,0 o.oco
5“ 1,235.000
100
50 ',000
100
Mutual*
Q—J.
"’200,000
5'. i
Irving
Manuictrers’& Build.*
Leather Manufactrs...
Q-J.
J. & J.
J. & J.
J. & J.
000,000
’600,000
o
j.
4,000 000
100
23,000
200.000
V5
100 1,000,000
50 1,500,000
100 3,000, 00
LX)
200,000
100
500,<HK)
100
500 .OCX)
100 1.500,0-0
100
200.000
100 1,000,000
r0
400, m
25
300,000
422.70)
50
10' 2,000,000
25
45 2.5(H)
20 1,800 000
100 2,000,000
100
500.000
:oo 1,000,000
100
500.000
100
300,000
100 1,000,000
100
200 000
100 2,000,0 0
100 1,000.000
100 1.(00.000
41)
1871
1872
Bid.
Last Paid.
Askd
1,000,00)
1,500,'<00
200,000
10
8
8
M
«...
21
20
10
8
12
36
10
20
9
6
8
10
16
24
20
10
8
12
36
10
20
8
,
f
7
10
16
Jan..
8
7
10
20
S
10
4
7
20
10
8
American Exch’e..
Arctic
Atlantic
Bowery
Brewers’ & M’lst’rs
92
.....
IF*
.
85
80
120
.
Citizens’
City
88
81
Clinton
130
Columbia
’73...4
Fire....
Commercial
Continental
tCorn Exchange...
commerce
•>
io
10
9
10
10
8
8
8
10
16
7
J.
9
7
n
•
12
16
12
10
7
8
Q-F.
.
..
....
•
•
-
•
•
.
195
125
•
155
110
.
m
«
^
.
.
.
« .
.
.
.
Hope
Howard
Importers’* Trad..
119*
Jefferson
132
116
May 1,73...5
July 1.73...4
Irving—
90
July 1,73.. .3
Knickerbocker.
July 1,73...6
July 1,73...5
,
73...4
Feb.,
,
,
,
•
Lorillard
is6
Manhattan
.......
10
July 1,73...5
June, 73...6
Jan., 73...5
Nov., 72...4
4
July, 71
July 1,73... 4
,.tt
8
8
12
10
Mercantile....
......
Merchants’
,
Julv 1,73...6
Nov., 72...5
..
.....
,
us*
96
105
100
106
112
103
Phenix (B’klyn)
113
na*
85
.
*.
...
r
1
■
■
■
t
•
•
.
»
*
M.&N.
J. & J.
and City K.K.
Gas
4
134
July 1,73...4
do
certm cates
Harlem
Jersey City & Hoboken...
Metropolitan
certificates..
Mutual,N. Y
Nassau. Brooklyn
do
New York
do
*
*
50
100
4,000,000
2,800,000
ioo
RP**tr*
.
..
Tradesmen’s
5"0.(00
50
10
4,000,000
1,000,000
"sooiooo
51'
50
40',000
1,000,000
1.000.000
Broadway £ Seventh Ace—stock.
1st moi tgage
Brooklyn City—stock
1st mortgage
Broadway (Brooklyn)—stock
Brooklyn £ Hunter's Pt— stock...
1st mortgage bon ‘s
Atlantic Avenue, Brooklyn—stock
100
1000
10
1000
100
■oo
1000
100
1st mortgage
500
2d
do
:
500
3rd
do
500
Central Pk, N. £ E. River—stock 100
1st mortgage
1000
2u
do
1000
Coney Island <Sb Brooklyn—stock ioo
1st mortgage
000
Dry Dock, E. B. £ Battery—stock 100
1000
Istmortgage
2d mortgage
100
Eighth 4venuo~stock
1000
1st mortgage
l2dSt. £ Grand St Ferry—stock.. 10c)
1st morteage
1000
Grand Street dk Newtown—stock.
20
50
Park Avenue—stock
1st mortgage
1000
!00
Ninth Avenue—stock
1000
1st mortgage
50
Second Avejiue—stock
'OOo
1st mortgage....
2d mortgage
!0 0
3d mortgage
1000
1000
Cons. Convertible
10
7
10
15
United States
t Washington.
.
.
Williamsburg City
no
150
150
217
125
.
.
•
.
•
.
.
.
,
•
•
•
.
10
11
20
10
16
10
,
.
.
.
4 884
12? 0 X) 10
175.510 20
r9,.K6 12
July, *72. .5
July, *72..5
5
5
72*
77*
Jan.,’72. .5
10
July,’73...4
July, ’To. .5
90
85
95
90
10
10
20
10
10
10
10
20
10
Mar., ’73..5 i20
Jnly, ’73..5
July,’78.10 iso
July, ’78..5 95
ioo
15
5
....
....
io
14
*
*
*
*
„
,
«
„
....
.
....
^
10
20
July, ’73..5
July, ’73. .7
June,’<3..:
July, ’73 .5
July, *73. .5
JuD ,’73.10
July, ’73..5
Julv, ’73..5
July, ’73. .7
....
»
.
80
....
10
15
10
14
15
18
10
11
20
io
150.000
1)3,477 10
163,139 11
150,000
76.413 12
10
12
12
43,81*3 10
11
•
.
20
10
5
20
'6
12
20
12
20
16
3*
18
23
11
12
12
12
11
10
July, ’73.19
July, ^.lO
16
25
6
20
16
—137
200,000
300,(XX)
13,772
—25,'2 4
143.866
OrfYVnrfYl
200,000
200,000
2(X’,000
150,000
10
10
10
15
12
10
10
16
io
5
10
10
10
200 000
14.568 10
10
107,240 10
10
14
14
100
200,000
150,000
250,000
200,000
50
250,000
24,311 10
—895
849
-532
.40.697 12
187,019 14
*
Over all liabilities, including re-insurance,
t Gone into hands of receiver since Boston
10
82
95
90
140
ICO
100
90
95
150
100
75
125
...
K5
128
65
145
195
July, ’72..5
July, ’73.10 170
Feb.,’73..8 140
Ju’y. ’73. .5
Men.,’7?..5 107
July, ’73.10 185
July, ’73..8 130
Aug.,’73.10 155
-
.
*
io
20
14
16
12
10
10
16
20
10
7
10
10
10
14
14
10
I3U
July,’73
10
10
12
’4
14
Julv, ’73. .5
Feb.,’71. .5
Julv, ’7L.7
July, ‘73. .5
July, ’73. .7
Julv. 72 .5
10
115
90
96
112
190
140
160
118
,
July, 73. .6
July, ’73..5
July, Ta. 5 75
Julv,"IS.. .6
July, *71.3*
Aug. ,’73.10 150
July. ’73..5
90
July, ’73.. r
5
1,000,000
145
100
80
80
Ju y,’73...5
9*
10
5
ICO
10
131,693
102,43? 10
215,368 16
350,000
90
95
10
10
136.370
53(1
tio
.
10
....
11
20
12
18
16
199,972 18
80
100
July, ’78. .5 90
12* July, *73.7* 109
Aur.,’72.14 200
8* Ju'y, ’72..5
17* July,’73.. 10 i40
10
10
5
12
1(3
‘24
8* 10
10
266 ‘
.
4
j£00 (XX)
500 .(XXI
200,000
200/XX)
..
.
10
10
11
20
10
15
....
,
24,692 20
.
•
•
....
-17,027 10
’73.10 195
July, ’7S..5 ICO
Mch.,’73. .5 65
July, *73..7
July, ’73..5
Jan., ’66..3 45
100
July.
Aug.,’73. .5
10
10
....
iio‘
A pi.,
5
10
70
.....
80
105
.
....
io
150
62*
Julv, ’73..5
July, ’73. .5
.
10
50,(XX)
16
186,329 15
5* 10
46,594
250,000
200,000
150/XX)
200,000
200,000
.
.
.
July, ’73..5
July, ’72..5
20
10
10
10
10
210.717 20
6,800 5
91,859 10
3.073 10
50.484
17
10
10
11
.
•
.
•
July.73.3*
Feb.,’73. .7
20
***•••
160
200
100
145
105
July, *73.10
8* July,’73.3*
.
'
95
IS*
•
lOg’'
1F0
Aue.,’73.10
‘20
10
26,798
63,561 10
53,394 10
(XX) rxin
25
....
.
•
Julv, *73..5
June,*73.10
.
13
20
20
10
..i.
ICO
io
10
7
Jan.," 72...5
—
Various.
Before figures
(July,’73 .5
»
T
......
•
-
8*
10
..«•••
85
.....
70
90
95
6
100
•
110
10)
•••«
115
•
«...
140
♦
111 •
capital and profit scrip,
fire.
denotes impairment of capital.
130
M.&N.
M.&N.
M.& S.
F. & A.
j.
& j.
J. 28 ,T.
you,ouj
6''4,000
2,100,000
1,600,000
2,000,000
300,000
200,0* *0
7
„
.
r*
io
10
10
May, 73....
July 15,73. .4
If 2
ioo
Jan., '73.. .5
Jan., 73...5
5
J. & J.
J & U.
1880
Ju y, 73
10
J.&D.
1884
Q-F.
Aug.'13
90
193
97
100
J. & J.
J. & J.
1872
July,73
7
7
7
A.& O.
A.& O.
J. & J.
65
120
1331
1884
18:5
7
7
F. & A.
i88>
fcM.&N.
1890
1,161,000
500,000
214.000
1,200,000
420,000
7
170 0U0
254,000
300,000
797,000
167,000
800,000
350,000
200,000
150.000
815.000
750.000
250,(XX)
.
do
v
eJ. & J.
7
M.&S.
1874-76
6
7
J.&
J. & J.
M.&N.
A.& O.
July’73
'
May.’73
87
SO
95
90
ioo
175
1852.
Floating debt stock— 1860.
Market stock
1865-68.
Soldiers’aid fund
1863.
do
1863.
do
Improvement stock.... 1869
do
....1869.
do
var.
Consolidated bonds
Street imp. stock'
var.
do
do
var.
95
Brooklyn :
City bonds
July’70
1819-65.
1861-65.
do
M.&N.
1878
7
2
7
7
7
7
5
7
\
7
J. & J.
J. & J.
J.&D.
F. & A.
A.&O.
M.&N.
M.&N.
Auir. 73
1877
1876
1885
1888
J. & J.
Q-F.
May.’TS
Local imp. bonds
18R2-65.
do
do
....1805-70.
6i
91
80
80
140
1890
Au '.’IS
ioo
1E90
100
J. & J.
-
7
ai .& S.
#Tbls column tuows last dividend wc ttocto, but aace
5
6
5
6
6
7
6
5
6
5
7
6
7
6
7
6
7
6 g6
7
Feb., May, Aug.& Nov.
do
do
do
do
do
do
do
do
May & November.
Feb., May, Aug.& Nov.
do
do
do
do
do
do
May & November.
Feb.,May, Aug.& Nov.
May & November.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1870-80
1875-79
1890
188:3-90
1884-1911
1884-1900
1907-11
1874-98
1874-95
1871-76
1901
1878
1894-97
1878-75
1876
1889
1879-90
1901
1888
1879-82
90
98
96
104
101
96
98
98
96
104
104
99
105
97
104
99
100
102
108
96
96
105
104
99
95
104
103
ICO
1873
7
..1853-65.
1870.
do
Aug.’73
5
1841-63.
1 (-’54-57.
Croton water stock.. 1845-51.
do
do
.1852-60.
Croton Aqued’ct stock.1865.
do
pipes and mains
do
reservoir bonds
Central Park bonds. .1853-57.
Dock bonds
Q-F.
7
2
New York:
Water stock
do
do
300.000
1,000,000
203,000
750,000
200,000
Bid. Aik
Months Payable.
#
7
3
7
3
7
115.000
100.000
600,0"0
Rate.
.....
7
550.000
Bonds due.
V«r1ouj.
7
Price.
Interest.
100
155
278.000
164.(00
City Securities.
Various.
278,000
700,000
1000
mortgage
IOO 2,000,000
Third Avenue—stock
lat mortgage
1000 2,000,000
100
'WiUlamsburg <k tlubushstocti.
800,000
1000
1 it mortg ge
125,0 0
lat
July 15,'73...5 2‘25
July 15,73. .5
Apr., 72.3*
Apr., 73...5
Jan., 72.7*
20
1,000.000
750,000
Blescicer tit.it f'uLton ferry—stock lun
1st mortgage
1 00
Sixth Avenue—stock
20
10
7
10
15
.
.
.
.
50
**••••
5 000.000
scrip...
People’s (Brooklyn)
do
do
bonds.
Westchester Couutv
-Williamsburg
J. & J.
A. & O.
F.&A.
J. & J.
J. & J.
J. & J.
J. & J.
2,000,000
1,200,000
300,'K'0
50 1,000,000
20
386,000
25
Manhattan
do
*
Q-F.
20
.
Stuvvesant
Stocks and Bonds.
‘.'5
Citizens’Gas Co <Bklvn..
.
.
.
.
.
20
10
4
24
2 0,00)
100
100
'25
25
.
Sterling
[Quotations by Charles Otis, 47 Exchange Place.]
Brooklyn Gas Light Co....
Safeguard...,
St.Nicholas
Standard
•
200,000
200,000
150,000
250,000
—8,143
200,000
2,500,000 —377,067 io
—13,377
150,000
f 00,000
—1,955 ii
16.593 10
200, (XX)
—59,857
200,000
98,818 io
200,010
150,000
85,139 10
99,483 10
280,000
150,000
30,532 5
—11,545
200,000
30,692 io
150,000
185,727 14
200,000
11,379
300,000
zj)
Rutgers’
•
44,<>1U 10
—1.025
1,000,000
500,000
2On,OO0
100
25
100
25
Resolute
t
.
.
200,000
25
25
100
20
20
50
50
Relief
Republic
51,251
—13,675
31,604 20
.
.
150,000
200,000
200,000
210,000
f()
People’s
150
200,000
200,000
201,000
100
100
New York Fire
N. Y. & \onkers.,
Nlacara
North River
Pacific
Park
Peter Cooper
...
.
•
300,000
200,000
onn rwi
(B’klyn)..,
National
37*
35
N. Y. Equitable....
.
•
327,988 20
30,906 10
'
Nassau
10
10
16
53,159
50
50
Star
50
100
Askd
145
100
65
....
.
14
10
10
10
20
14
10
11
10
18
.
20
.
15
20
33* 13
16
20
—30,712 1()
200,000
6
.
.
....
July, ’72..5
July,’72..
July, ’73. .7
July, *73..5
July,’78. .5
10
14* 14* 14*
—10.613
150,000
10
5
14
•
.
.
20
20
13
i mi non
•
.
20
20
165,898
5 ’,163
‘0
Metropolitan
,
86
73...3
12
.
Mech.&Trad’rs’...
90
71.3*
73...4
6* Jan..
•
»
25
50
25
100
100
25
50
50
50
200 088
—41.599
.
17
12
10
13
12
10
10
10
•
.
14,423
255, .<21 20
—39,659
184,271 16
200.0 0
100
Lenox
....
T
July 1,73.3*
Feb.,
•
Lafayette (B’kl;
Lamar.. j
136
.
200,000
3(0,000
17
io
10
10U
10C'
50
50
25
100
15
50
50
100
25
50
100
50
30
20
40
50
Hanover
Holfman
Home
140
May 1.77. .5
9
8
12
10
Exchange
Farragut
—
Firemen’s
Firemen’s Fund....
Firemen’s Trust...
Gebhard
German-American
Germania
Globe
Greenwich
Guardian
Hamilton
-
......
12
10
7
8
8
-
100
•
•
July,
f
-
27,845
250.000
40
100
30
50
Eagle
Empire City
,
.
.
10
7
ID
12
.
„
„
.
July 7,*'.3 .5
Apr. 1,72. .4
July, ’71.3*
8
May, 73... 4 iei
8
Apt. 10.73.. .4 122*
10
July 1,73... 5 lb2
15
Jan., 77..7
7
July 1,73...3
5
Jan., 73...5 112
9
July 1,73... 4 103
Jan., 73...3
7* July 1.73... 4 101
81
7
July 1,73.3*
12
July 1,73.. .6
16
May 1,73,..3
8
O.
J.
J.
J.
J.
•
10
J. & J.
„
......
10
8
6
10
M.&N.
,,
.
.
*
115
Nov., "’72.. 10
July 1,73...5
July 1,73.. 4 U5
Men., 73...4
July 1,73...7
July t,’73.. .4 123
J ulv 10,73 .5
July 1,73...6 182
Jan. 1,70... 6 150
Jan., 73...4
July 1,73...6
July 1,73...5 122
Julv 1,73 ..5 130
My 1,73...4
4
12
8
10
12
10
8
12
!0
10
8
10
12
10
8
J. & J.
J. & J.
J. & J.
f
May 1,73:. 10
8
6
8
.
...
200,000
•
—!
200,000
153,000
300,000
210,000
250,000
300,000
200,000
50
200,000
100 1,000,000
25
200,000
Broadway
Brooklyn
270
400.000
10
3,150
6,557
88,323 17
200,000
100
25
50
25
100
25
17
20
70
100
:-0
100
.
......
200.000
50
AEtna
American
i 45
.
.....
7
20
10
25
100
Adriatic
300
6* JulvlO,’73.3K
8
July 1,73... 4
7
July 3,73.3*
14
Jaii., 73.3 * ‘215
20
Jan., 73...5
8
July 1.73...5
10
Nov., ’72...5 150
3
Feb., ’73...4 100
A. & O.
J & J.
J. & J.
J. & J.
F.& A.
J. & J.
F.& A.
J. & J.
J. & J.
J.& J.
J. & J.
M.&N.
J & J.
J. & J.
J. & J.
Ju’y 1,’73...5
Jan., ’73.. 10
July 1/73..-4
July, 1’73.8*
Jan., *73.3 >
Feb.. 73...5
.
Price.
1869 1870 1871 1872 Last Paid. Bid.
.....
,
& J.
A.&
J. &
J. &
J. &
J. &
J. &
.
.
Dividends.
Jan. 1,
Par Amount.
1873.*
155
July 1,’73...5 153
Jan.. ’67...5
May 1, ’73...4 109
Jan., ’72...4
Julv, ’68..15 285
July 1 73.. 12
Jan., *73...4
July 1,’73...5
91*
-inly 1,73. ..4
July 1.73...6
Jan., ’73.. 10
10
8
8
Net Pub
plus,
Capital.
Companies.
3,000 000
25
America*
Periods.
(Quotations by E. S. Bailey, broker, 65 Wall street.)
Price.
Dividends.
Capital.
Companies.
of maturity oi bonds,
165
N. Y. Bridge
Park bon<’s
Water bonds
bonds... .1870.
1860-71.
1^57-71.
Sewerage bonds
8 years.
Assessment bonds...
do
Jersey City
Water loan
do
1852-67,
Sewerage bonds
Bergen bonds.
1866-69,
1869-71
1868-69,
Assessment bonds... 1870-71,
6
7
6
7
7
7
January & Jui/,
6
do
do
do
do
do
do
7
7
do
do
6
*7
-7
7
7
do
do
do
do
do
do
do
do
January & Jnly.
do
do
do
do
do
do
Jan., May, July A Nov.
1872-91
1885-91
1881-95
1872-95
1911
1915-24
1881-1902
various
various
1877-95
1899-1902
1872-79
1874-1900
1875-81
96
98
102
90
103*
103*
1U3
52V
102
102
1C8
94*
100
100
90
92
99
98
99
100
99
100
100
August 9,
Investments
AND
state, city
and corporation
finances^
BOND T A BLES.
i
prices
of the most Active
Stocks and Bonds are given in the “ Bank¬
er^’Gazette,” previously. Full quotations of all other securities will be
^^Govcrnnieii insecurities, with full information in regard to each
T
f*
the periods of interest payment, size or
imp'rnus other details, are given in the U. S.
C Chronicle
denomination of bonds, and
Debt statement published in
on the first of each month
Bonds, and Bank, Insurance, City Railroad and
Stocks, with quotations, will usually be published the first three
•Ur of each month, on the page immediately preceding this.
i Tlie Complete Tables of State Securities, City Securi¬
1H„
f|ty
ties and Railroad and Miscellaneous Stocks and Bonds
will oe regularly published on the last Saturday in each month.
The publiiXon of these tables, occupying fourteen pages, requires the issue of a
anDoleraent, tvhich is neatly stitched in with the usual edition and furnished
toall regular subscribers of The Chronicle.
Taxation of Bondholders in Pennsylvania.—The Philadel¬
phia Inquirer has the following: “ Since the year 1364 on all the
bonded interest paid by incorporated companies to tlieir bond¬
has been withheld, the officers of such companies
required to deduct the said tax from their respective bond¬
holders, remit it to tbe State Treasurer, and to make annual
statements under oath to the Auditor-General of the amount of
such interest paid and tax collected. Non-resident bondholders
have always considered this tax to be unjust, and last Winter the
Supreme Court of the United States decided in the case of Cleve¬
land and P. & A. R. R. Company that the collection of such a tax
from non resident bondholders by tlie State of Pennsylvania was
unconstitutional; that if the State of Pennsylvania must levy
such a tax she must be content to do so upon her owu citizens.
That a railroad or canal bond was personal property, and as such
followed the domicile of its owner; and when such owner was
the citizen of auotlier State his personal property was not the
subject of Pennsylvania taxation.
“To overcome the effect of this decision a new Act was passed
by the Legislature of Pennsylvania, approved March 21, 1873,
reimposing the same tax, but putting it this time upon the companios, instead of on the bondholders as formerly—or, in other
word2, the tax was taken off the bondholders, who are the creditors
and owners of the bonds, and was put on tlie companies who are
tne debtors, owing the bonds.
Furthermore, this new Act of
March 21, 1873, is ambiguous as to tlie time of its going into
operation. Opinions differed among the officers of the companies
as to whether the accruing interest on their respective bonded
debts, maturing June 30, ult., and payable July l,inst., was liable
to the deduction of five per cent., as formerly under tlie eleventh
s^ctiou of the Act of 1868, which section, by the terms of the new
Act of March 21, 1873, is continued in force for the pur.pose of
collecting all taxes accruing to the date of its repeal, which is,
from and after July 1,1873. For the purpose of showing further
that the officers of those companies who deducted the tax from
their bondholders on tlie half year’s interest payable July 1, inst.,
had authority for so doing, the following extract from instructions
froin the Auditor General’s office is submitted :
holders a tax
beino-
“Thatthe eleventh section of the Act
approved May 1, 1868, entitled‘An
Act to revise, amend and consolidate the several laws taxing corporations,
brokers and bankers,1 is hereby repealed, said repeal to date /corn and after
tbe 1st day of July next, saving, however, to the Commonwealth the tight to
collectavy tarts ace mag under said section prior to the date ol repeal afore¬
said. Yonr first report under this Act will he due on the 1st day of January,
1.74, and will be made for the half year ending December 31, 1873.
“From the above circular it is clear that the Auditor-General
considers the eleventh section of the Act of 1868 in force on the
1st day of July inst., and that the treasurer of 6ach company shall
make bis return of the half year’s interest maturing June 30,
1873, stating the amounts paid to resident and to non-resident
bondholders, the one being taxable and the other not, the first
return under the neic law of March 21, 1873, for the half year’s
interest ending December 31,1873, not being due according to the
said circular till January 1, 1874.
“The above reasons and instructions are relied upon as sufficient
for deducting the tax from all resident bondholders on all interest
maturing July 1st, instant. Whether the law of March 21, 1873,
taxing the companies on the debts they owe, is constitutional or
not remains to be
187
THE CHRONICLE
1S73.J
seen.”
Washington City Finances.—Mr G. P. Hopkins, Deputy
Comptroller for the District of Columbia, has published a letter
refuting certain false statements in regard to the debt of the
District, in which he says : “The funded and bonded debt of tlie District of Columbia,
including the debts of the late corporations, as per official report
of the Comptroller, amounts to the sum of $9,236,891.20 ; of this
sum the Commissioners of tlie Sinking Fund command available
resources for the reduction thereof during the current fiscal year,
including the sinking fund tax laid and now due, and such pur
ebasesas the Commissioners have already made, to the amount of
$830,000. That this will be held and strictly applied to the
aggregate> of $1,052,600, while the resources placed in tlie con¬
trol of the Commissioners to decrease the debt,.together with
those already at their disposal, amount to the sum of $630,000,
the difference, $422,600, being tlie extreme limit of increase author¬
ized during the fiscal year, which, added to the present debt, will
make in round numbers, at the close of this fiscal year, $9,659,491.20—several hundred thousand dollars less than the amount
limited by act of Congress.
The ingenious theory that the authority granted the Board
of Public Works to levy special tuxes for certain public improve¬
“
against the property benefitted thereby, and authorizing
to anticipate such taxes by tlie issue of their certifi¬
cates, bearing a lower rate of interest thau the tax upon which
the certificates of the hoard are based, is founded upon an
erroneous assumption of law and facts.
Neither is it true to say that these certificates are a debt of
the Board of Public Works, as they represent only so m;ich
taxes to become due to the board to be used for completing the
public improvements, and are as much a resource of the Board as
ments
the board
“
a
debt.
“
The fact should not be lost sight of, that provision by law has
been made for making available not only the taxes in arrears
heretofore assessed, upward of $30u,000, but also the arrears at
the close of each fiscal year.
Under tlie operation of this law,
we have available resources for the fiscal year ending June 30,
1874,
as
follows:
$1,900,000
Taxes on real estate, 1873-74
Licenses and miscellaneous
Taxes in arrears
225,000
300,000
Total revenues
...
While the total appropriations for the above bv the
lative Assembly amounts to less than $3,100,000.
$2,425,000
Third Legis¬
Milwaukee City Bonds.—A case was decided at the recent
July term of the U. S. Circuit Court at Oshkosh which makes the
‘"aid-bonds” issued by the city of Milwaukee in 1856 and 1857, to
assist the construction of the projected Beloit and Superior Rail¬
road, an expensive investment for tlie city. The amount of bonds
issued by the city was $200,000 ; these passed into the hands of
innocent holders, and the city thereby became bound for the
amount, though the road was never built and tlie city never
received a dollar of benefit, either direct or indirect, in consider¬
The bonds are not due until 1876 and 1877, but the accrued
ation.
with the interest on the unpaid coupons, now
$300,000. The decision referred to was in be¬
half of the holders of coupons for $250,000 of this unpaid interest,
and, as this will probably be a final veru5ct in the matter, it
decides the claim for the remaining $50,000 of interest, and also
the $200,000 of the principal, or $!00,000 in all.—Chicago Tribune.
interest, together
amounts to about
Jersey City Finances.—The Continental
loaned to the Jersey City Board of Finance
for seventy-five days.
The loin is secured
bank of a city bond for $330,OwO, upon the
National Bank lias
the sum of $300,000
by a deposit with the
understanding that if
during the seventy-five days the bank succeeds in selling the
bond tlie debt shall be cancelled.
If, however, the bank does not
succeed, the city is to redeem t ebond.—Daily Bulletin.
Portland &
Ogdensbnrgh.—The Springfield Republican says
and the Hartford & Erie Railroads
alt sorts of transformations, and
affording their creditors dissolving views of some high-priced
securities, and while the Iloosac tunnel has been slowly boring
While the Vermont Central
have been pasring through
“
through tlie mountain, and perplexing
t\e people with fantastic
visions of State ownership, a formidable competitor with these
lines ior the through freight of the West lias come forward
unobserved, and is now almost ready to commence business in
We m^an tbe Portland & Ogdensburg Railroad. The
earnest.
length of this new line from Casco Bay on the Atlantic
Maquam Bay on Lake Champlain cannot be determined
until the wuole line is constructed, but it will not exceed 230
miles, and may not be more than 228. Of this distance about 117
miles, or a little more than half, lie in Vermont; about 60 miles
in New Hampshire, 25 west of the Notch, and 35 east of It; and
a little more than 50 miles are in Maine.
The Maine portion, and
about 15 miles of the New Hampshire portion east of the Notch,
are now open for travel ; of the Vermont division something mure
than 60 miles are open between West Concord and Hyde Park—
But the
so that a little more than half the wh le line is open.
three most important points on the line—Portland, St. Johushury
and S wanton, on Lake Champlain—are not yet in connection with
each other, or any two of ’them.
St. Johnsbury and S wanton will
be,probably,before next Summer, but two years may be needed to
complete the road between Portland and S'. Johnsbury. Appa¬
rently tbe cost of the whole 228 miles from Portland to Lake
Champlain will fall short of $7,500,000, and will be about $30,000
a mile.
Of this sum $5,600,000 will be represented by a bonded
debt—$2,300,000. or $20,000 a mile, being a mortgage on the 117
miles in Vermont, and $3,300,003, or $30 000 a mile, being a
exact
coast to
mortgage on
the 111 miles in Maine and New Hampshire.
road are financially quite independent.”
two sections of
The
Chicago & Atlantic.—Articles of consolidation between the
required by law, no one in this commuChicago & Atlantic, the Chicago & Atlantic Extension and the
Dily personally acquainted with the members of the Sinking
Fund Commission can doubt. The Commissioners are men well Baltimore, Pittsburg & Chicago Railroad Companies have been
filed with the Secretary of the State at Indianapolis, Ind.
The
vpr ed in financial matters, noted for tlieir integrity, and were
selected for their responsible offices without regard to political last named is tbe c mipany which is no.v constructing the Balti¬
considerations. Under the various acts of Congress and the more & Ohio Company’s line to Chicago. The object of the con¬
legislative Assembly of tlie District, they have the entire control solidated company is to build a direct line from Chicago to the
and management of the funded and bonded debt of the District, eastern line of Ohio, there to connect with a line from that point
to Pittsburg.
The capital stock is to be $4,000,000, and the gen¬
object to a limit by Congress to tbe sum of $10,000,000.
“Tim several acts of the last Legislative Assembly of the eral office is to be at Chicago, The office of tbe Indiana Division
District authorized an additional issue to the amount, in the is at Huntington, Ind,
reduction of the debt
as
[August 9, 1873.
THE 0HRONICLE.
188
St. Louis & Iron
Texas & Pacific Railroad.—The iron has been laid to Grand
Saline, Texas, 60 miles west of Longview and 14 miles beyond
Minneola. On the western end the tracklayers have reached sec.
tion 70, 53 miles east of Dallas, an extension of 18 miles since the
Mountain Railroad.—
(Returns for the Fiscal Year ended December 31, 1872.)
St. Louis & Iron Mountain Railroad is one of the lines
originally constructed under the patronage of the State of Mis¬
souri, and afterwards sold out to a new company, The road at
the commencement of 1867 extended from St. Louis to the Pilot
Knob (87 m. S. St. Louis) with a branch to Potosi.
The existing
The
report. The line from Shreveport to Dallas, and from Marto Jefferson is completed, a distance of 209 miles, with
grading and bridging completed on 200 additional miles of road
and track going down at the rate of a mile per day.
A correspondent of the Cincinnati Commercial a short time
since wrote of the road as follows: “ The eastern section of the
road consists of two branches—the Northern, starting from
Texarkana, a point on lied River, opposite the terminus in
Arkansas of the Cairo and Fulton Railroad, which gives
or
will give direct connection with the North and East
The Southern section, starting from Shreveport, the principal
shipping point on Red River, converges with the Eastern
section at Fort Worth.
The importance of these two branches
will be understood when the map is consulted.
From Fort Worth to the Pacific there is but one stem, which
keeps along near the Thirty-second parallel, reaching the coast at
San Diego, California.
In the matter of distance between New
York and the Pacific Coast, this road will have greatly the advan¬
last
shall
additional line to Belmont, and connected
ferry boats with the Mobile and Ohio
RR., st Columbus, Ky. The whole line has now* been in opera¬
tion between 3 and 4 years.
The cost of the road to the Company
January 12, 1867 (date of sale and purchase) was $1,200,000; but
of this purchase money the State remitted $412,000, on condition
that the company should construct a branch road from Pilot Knob
to Mill Springs on the Arkansas State line, there to connect with
the Cairo & Fulton Railroad (in progress), which, when completed
will form a direct communication south to the Red River and the
Texas roads looking to the Pacific coast.
This Arkansas branch,
which has recently been completed, is 484 miles long.
An exten¬
sion of this branch will also be carried to Memphis, Tenn.
The
company own a very valuable land grant from Congress, the
amount as estimated being about 1,400,000 acres.
The statement
tage over both the Northern and the Union Pacific. The follow¬
as given below refer only to the line between St. Louis and Bel¬
mont, and the branches thereof, which appear to have cost the ing table of distances will show the distances from New York to
the Western coast over the three “rival lines”—that is to sav,
company, as measured by stocks and bonds, about $17,000,000.
when the rival lines shall have been completed.
company constructed the
it by means of steam
KOAD AND
EQUIPMENT.
Main Line—St. Louis, Mo., to Belmont,
(Mineral Point (61 m. S. St.
Branches, 4
[
j3lgmark (-75
m>
TABLE OF DISTANCES.
3, st. Louis) Mo., to Pilot
Knob,
Mo
Total length
Second track 14,
195-5,:iniles.
Mo
Louis) Mo., to Potosi,
11*3— 15*3
Miles.
“
210-8 miles.
37'0 “
of main and branch railroad
and sidings, &c., 23
Shreveport to Longview
Lbngview to Fort Worth
Fort Worth to Franklin
Franklin to Fort Yuma
Fort Yuma to San Diego
.247-8 miles.
length of equivalent single track
Gauge GO inches. Kail (part steel) 56 pounds.
Total
Equipment—Locomotive engines 91; passenger cars 20: baggage,
mail and express cars 13; and freight cars, box 757, platform
775, live stock 69, and other 150; total of all revenue cars,
1,784. Also 65 construction, road and service cars. Total of
all cars,
1,849.
OPERATIONS
AND FISCAL RESULTS.
Mileage—Passenger trains run, 353,707, and freight trains,
579,686 miles. Total 933,393 miles.
Traffic—Passengers carried (the greater number short distances),
557,515: freight carried, 633,574 tons: freight carried one mile,
Train
68,528,952 tons.
Gross Earnings—Passenger, $406,568; freight, $1,673;- ‘
673; mails and express, $56,379, and other. $9,420.
Total ($10-180 45 p. m.)
$2,146,039
Operating Expenses—Including taxes, &c
Nett
1,458,399
$687,640
Earnings—Excess of revenue over expenses
FINANCIAL CONDITION AT CLOSE OF YEAR.
Capital stock 100.000 shares, at $100
Funded debt $7,000,000, viz.:
1st mortgage 7 per cent cur. bonds, due Aug. 1, 1892
2d mortgage 7 per cent gold bonds, due May 1,1897
$10,000,000
capital stock and bonds provided
$17,000,000
Total
Cost of road and appurtenances
Cost of equipment, including rolling
Real estate not included above
4.000.000
3,0u0,000
$14,553,951
stock
1,951,989
945,815
142^981
Materials and fuel on hand
Cash and cash items
153,733
Total cost of property and assets
$17,748,469
COMPARATIVE STATEMENTS FOR THREE YEARS.
Hoad and
1871.
210-8
32-5
243-3
Second and side track
cars.
1872.
210-8
37-0
247-8
54
23
1870.
210-8
279
238-7
46
24
Road and branches, miles
Equivalent single track
Locomotive engines.
Passenger cars
Baggage, mail and express
Equipment.
91
20
13
11
11
667
*
957
1,002
1,751
1,849
346,746
342,454
353,707
288,273
557,555
390.012
579,686
557,575
405,006
576,618
13,387,735
434,962
$1,372,226
42,836,153
$1,636,904
984,434
Freight and ore cars
Totai (including other) cars....
Operatic
Passenger train mileage
Freight train mileage
Passengers carried
Passenger mileage
Freight (tons) carried
969,584
68,528,952
$2,146,039
1,458,399
741
'iscal Results.
Freight mileage
Operating expenses.
Nett earnings
2d mortgage
667.320
387,792
Close of Each Year.
$10,000,000 $10,000,000
4.000,000
4,000,000
bonds.
633,574
687.600
$10,000,000
4,000.000
3,000,000
60#
155'
(junction)
Total, Shreveport to San
560
531
160
Diego
1,472^
Branches—
Marshall to Texarkana
Texarkana to Fort Worth
66#
2*26
*
Total lines of Texas & Pacific Railway
Comparative distances—
New York to Puget Sound, via Northern Pacific
New York to San Francisco, via Union Pacific
New York to San Diego, via Texas & Pacific
1,765
•
3,546
3,383
2,920
Difference in favor of Southern route—
As compared with Northern Pacific
As compared with Union Pacific..:
LAND GRANTS.
The Southern Pacific has a smaller
Pacific, but it is more valuable.
ern
626
463
land grant than the North¬
The Northern Pacific has
fifty million acres, and the Southern Pacific thirty-four mil¬
lion, and the most of it is of considerable value.
This is the way the-land grant is divided: From the United
States, 13,107,200 acres in Arizona and New Mexico; 2,432,000
acres in California; from the State of Texas, 18,500,120 acres.
Total, 34,040,320 acres.
This is an empire. The grant from Texas is particularly liberal,
as millions and millions of acres of this land is really very fine.
In Texas you will understand, there are no public lands other than
those owned by the State. The United States has no finger in the
Lone Star real estate pie.
It is a question if these land grants are not the most liberal
ever before made to a single corporation.”
The road will cross the mountains in California, through the
San Gorgonio Pass ; the route finally decided upon is from San
over
Diego directly up the coast, nearly forty miles northwestward, to
the mouth of the San Luis Rey River, thence northeast through
Santa Margarita Valley to Tamecula, and thence east by north to
San Go/gonio Pass, making tlie distance something like oue
red and twenty miles. From the Pass to the Colorado
the distance will be nearly due southeast, and the first
and sixty miles of tlie road will thus form nearly three
hund¬
crossing
hundred
sides of a
parallelogram.
Chicago k Michigan Lake Shore.—This company failed to
pay the July interest on its bonds, which were held chiefly in Bos¬
ton and New England.
The amount of bonds issued on the 1st of
January last was reported at $5,350,000, and the net earnings on
the part of the road operated, the average having been 170 miles,
were $218,499 67, which is a trifle more than four per cent on tlie
bonded debt. A large share of the traffic of the road is lumber,
which can only be carried at low rates, on account of the competi¬
tion on the lake, and much of the country on the line is thinly
peopled, though growing.
’Covington & Lexington Railroad.—The directors at their last
meeting ordered such statements laid before the public and the
stockholders as would give an approximation, at least, to the true
published in
1872, were
$5,901,796. The total liabilities were $3,467,315, and the surplus
all liabilities $1,102,312.
The amount due Bowler’s estate is
$503,600, instead of $1,482,000, as lias been before stated. 1 he
The total
statement of the accounts.
their annual report for the year ending
assetts, as
December 31,
over
$14,000,000
y,744,471
The above
299,172
buildings.
is
712,446
$17,000,000
16,505,939
945,815
$10,043,643
Real estate and
$14,000,000
15,235.220
$15,947,666
$17,451,754
satisfactory statement, but we are
obliged to accept such statements as the company furnishes for
not
a
very
editorial use.
It will be seen that the
shown to the full amount authorized.
stock and bonds
President states that it is confidently believed
can secure a fair settlement of
its affairs it
that if the company
will pay all its jus
indebtedness, including that due the attorneys,
the value ol the stock at par, or
nearly
and still retain
so.
Grand Rapids & Indiana.—At the
annual meeting
of this
in Grand Rapids, Mich., recently, it was stated that bii
$200,000 of the $1,250,000 equipment bonds authorized last year
Pennsylvania Railroad and its Southern Route.—Washing¬ had been issued, and that, owing to dissatisfaction, the Continen
ton, August 7.—The Pennsylvania Railroad to day acquired Improvement Company had bought them in and proposed to tur
complete control, free of all legal complications, of the railroad them over to the railroad company, taking the equipment in He
between this city and Alexandria, and the Long Bridge across Abe thereof, provided the stockholders agreed. The stockholders ap¬
Potomac.
The Richmond & Danville Railroad Company has proved this action. It was stated that there were 996 freight car
decided to surrender the lease of the North Carolina Railroad on the road, and that a large increase in equipment was need(j'
from Greensboro to Charlotte, and thus terminate all suits as to its It is expected that the road will reach Little Traverse Bay, t
end of the land grant, by October 1,
validity and the right of lessee to change gauge of leased road.
our
are
company
August 9,
1873.]
'*
before
31st, and
^Tndffe decided against the application of the bondholders for
receiver.
The St. Paul (Minn.) Pioneer says: “ The public
? ,r est centres upon the probable effect upon the prospects of
lie completion of the St. Vincent and Brainerd branches of the
-{? palli & Pacific road. Mr. Cass, the President of the Northern
Pacific, gave assurance to the Court upon authority of European
ndholders, that if the St. Paul & Pacific did not go into the
lands of H receiver, the money to finish the St. Vincent branch
coming Fall would be furnished. In regard to the Brainerd
ancli we'have no definite information. It is but justice to the
nlicants for a receiver to say that similar assurances were given
their part. As the land-grant will again lapse, if the road
°, ii not be completed this year, we cherish the hope that nothing
will prevent the accomplishment of the work within the time
Specified in the Congressional act.”
*A dispatch to the Chicago Times, dated Davenport, Iowa, Aug. 1,
“ Some of the litigants in the St. Paul & Pacific Railroad case
remained over to-day to have a conference. Judge Dillon was
present, and an amicable agreement was reached regarding the
to be taken to complete the St. Vincent extension, and save
Paul & Pacific.—The arguments in the railroad case
d^e Dillon, at Davenport, Iowa, were closed on July
fit
h
tie
h
D
n
struction of double track, etc., to meet
traffic.
The remainder will be issued
future, to provide means for
increased traffic may demand,
steps
Holland parties will agree within five days
A receiver will be appointed to expend the
money under authority of the Court. The receiver will only
have possession of that portion of the St. Paul & Pacific road
from Watab to Brainerd, and from St. Cloud to St. Vincent, and
will have nothing whatever to do with the main line to Breckin
ridffe. He will be authorized to borrow $5,000,000 at 10 per cent
foAliree years’ time, which amount is thought sufficient to equip
the road, and to pay $500,000 due De Groff & Co., contractors. If
a receiver is appointed, it is thought J. P. Farley, of Dubuque,
land-grant if the
advance money.
to
will be
selected.”
rails as an
the purchase of steel
“
company’s bonds, to the amount of
$18,000 per mile, were advertised
in London in papers of the 12th of July.
The road from Streator
to Flora will be 200 miles long, 128 of which are in operation,
and the remaining section of 72 miles will be begun immediately,
and completed by May next. The bonds bear 7 per cent interest
in gold, and are to be redeemed in 1902.
The price of issue was
Chicago & Paducah.—This
$576,000, of an issue limited to
68 per cent.
.
Atlantic & Great Western.—English papers of the 12tli of July
this company offering at 94 an issue of
had the advertisement of
$7,600,000 of 8 per cent “ Western Extension certificates” secured
by the deposit with trustees in London of 76,000 shares of the
Cleveland, Columbus, Cincinnati & Indianapolis Railway Com¬
pany, and of 152,000 shares ($50 each) of the Atlantic & Great
Western.
The capital stock of the company is $14,991,275, and
for these 76,000 shares, forming a clear majority, the Atlantic &
Great Western has made provisional agreements.
These certifi¬
cates can be exchanged July 1, 1876, for the shares of the Cleve¬
land Company.
Erie and Atlantic & Great Western security
holders had the preference in the allotment of the shares.
Cairo & Fulton Railroad.—A
despatch from Little Rock, Ark.,
August 7, says, the first passenger train south to the Little
Missouri River on the Cairo & Fulton Railroad went down to-day.
The Little Missouri is twenty and a half miles below Arkadelphia,
and ninety-two below Little Rock.
The track laying is progress¬
ing at the rate of a mile and a half per day, and it is the intention
to reach Fulton in twenty days.
dated
July had an¬
of $3,000,000 cf the
Orleans, Jackson & Great North¬
Railroad Company, and an equal amount of similar bonds of
the Mississippi Central Company, payable in 1912, the price being
£174 per $1,000 bond for the Neyv Orleans, Jackson & Great
Northern and £176 for the Mississippi Central bonds, with interest
accrued since July 1 on the first and since May 1 on the second,
and with the chief part of the payment deferred until October so
to make the proper issue price about £170.
These bonds, with
$10,000,000 more to be used almost exclusively to retire the exist¬
ing bonded debt of the two companies, are a first mortgage on all
their property and also on the extension of 106 miles.to Cairo now
well under way and partly completed. The Illinois Central has
agreed, in consideration of a contract for a working agreement, to
purchase yearly, for 30 years, at a price not exceeding par in cur¬
rency, $100,000 of each issue of these bonds, thus covering the
$6,000,000 now offered. The IllinoisCentral also offered to pay on
presentation the principal and accrued interest of the remainder
of its construction bonds ($3,338,500), not due until April 1, 1875.
to such holders as will apply the payments to the purchase of the
Illinois
Central.—London journals of the 19tli of
nouncements of the offering of this
7per cent gold bonds of the New
the present demands of our
from time to time in the
and not otherwise.
Notwithstanding the present insane clamor against railways,
their continued use is indispensable, and just and reasonable
charges for transportation will be maintained. We may, there
fore, anticipate a continued fair return upon our investment if we
keep pace with the demands of our patrons by being at all times
prepared to conduct transportation promptly and honorably.”
gays:
the
189
CHkONICLK.
THE
company
ern
Canton Land Company.—The /lirectors of the Canton Land
Company have resolved tor the preseut to p it only $2,500,009 of
the $5,000,000 six p.r cent gold bonds upon the market. /The
remainder of the funds will be retained by Messrs. Duncan & Yon
Hoffman until some further action is taken by the board.
These
bonds, it is understood, are intended only for the European mar¬
as
kets.
%
California Narrow Gauge.—The estimate is that the Coast
Narrow-gauge Railroad will cost $50,000 per mile, for twelve
miles running northward from Oleins, in Marin county, the most
costly portion of the road. On this section of the road there is a
large force of hands at work, cutting tunnels, building bridges,
&c.
The company now
have on the ground sufficient iron to
lay
twenty-three miles of road, and the rest to complete it to Knowh'sville, at the mouth of Willow Gulcli, is on the way. The
Saucellto Company have given for depot purposes, shops, &e.,
issues offered.
land valued at $150,000, the company agreeing to complete the
Subscriptions were received at the Illinois Central Railroad
road to San Rafael by August
penalty
Company’s offices in London and New York, at the New York of the land. There will be a 1, 1874, underSaucelitoof forfeiture
bridge near
over 2,000
office of the Southern Railroad Association (which works the two
feet long.
Piles for this bridge and for the wharf will be on the
roads bonded) and by bankers in Amsterdam.
The contract for grading has been lot
This makes it necessary for the Illinois Central to provide ground within a month.
for the sum of $1,200,000.
a year for -the purchase of the bonds.
Rhinebcck & Connecticut.—This company lias executed a
Lake Ontario Shore Railroad.—The Oswego Daily Times
mortgage on its road for $800,000 to George T. Olyphant as trus¬
announces that the track laying on the Lake Ontario Shore Rail,
tee.
The road is to extend from Rliinebeck, N, Y., on the Hud¬
road is completed to Ontario.
The ballasting will be completed son opposite Rondout, east to a connection with the Connecticut
so that trains will run regularly to that place on and after August
Western near Millerton.
It is being built in the interests of the
1. Ontario is twelve miles beyond Sod us village, to which point
Delaware & Hudson Canal Company to transport coal from Routrains now mil, and fifty-two miles from Oswego.
Work on the dout (the northeast terminus of the Delaware & Hudson Canal)
road west of Ontario, and also on the railroad bridge across the
eastward.
Genesee river at Charlotte, is now progressing favorably. Trains
will probably run to Charlotte regularly by the last of October or
Lowell & Andover.—Bv the terms of the lease of this projected
the first of November.
By the first of September the grading of road to the Boston & Maine Company, the road is to be built as a
the whole road to the Niagara river will be nine-tenths completed. first class single track road, and connections are to be made in
The part of the road now completed is in excellent condition and Lowell with the tracks of the LowelL& Framingham and Boston
doing a good paying business. Indeed, the traffic of the road, & Lowell roads. The Boston & Maine Company is to keep the
both in? passengers and freight, is something remarkable for a road in repair and pay, as rent, 3^ per cent semi-annually on the
new and unfinished road.
cost, provided the cost does not exceed $750,000.
The lease is for
99 years.
Canada Southern.—According to the Buffalo Commercial the
branch of this road between Toledo and Trenton is all laid, and
Memphis & Atlantic.—‘This railroad is already completed
with the exception of some needed ballasting ready for the regular forty miles from Opelika, and the entire line to Childersburg on
running of trains. From Trenton to Wyandotte the road-bed is the Selma, Rome and Dalton road is under contract. It is ex¬
graded, and the cattle-guards in place, and from Wyandotte to pected that Corinth will be reached in at least two years, when
Detroit the work of grading is nearly completed. From Trenton the Grand Trunk line, which is to connect St. Louis with Port
west, the track is laid a distance of thirty miles, reaching witnin
Royal on the South Atlantic, will be completed.
ten miles of Blissfield Junction.
From Blissfield the road is open
Kansas City,
Mobile.—The
complications
west a distance of twenty-six miles to Fayette.
It is expected which caused a Memphis & of work upon legal Kansas City,
suspension
the
that the gap of ten miles east of the Junction at Blissfield will be
Memphis & Mobile Railroad having been settled, work was re¬
completed shortly, givinga distance of sixty-six miles of the main sumed July 28, and will be pushed forward rapidly. The order
fine ready for business west of the Detroit River. Their large
made by the court is in substance that the bonds and interest
ferry-boat “Transfer,” built for ferrying cars across the river, was
(about $170,000) shall be deposited with Messrs. Donnell, Lawson
on her trial trip on Saturday, and will be ready to assume the
& Co., bankers, of New York, to be held by them iu trust fur
duties of her position at an early date.
Jackson County, to be paid the Kansas City, Memphis & Mobile
President Blackstone says : Railroad Company upon the completion of the road-bed from
proposed to set apart from the $8,000,000 new mortgage, Kansas City to Harrisonville.
$3,470,000, for the purpose of retiring and canceling a like amount
Kansas Central Railroad.—This narrow gauge road, accord¬
of mortgage bonds, now outstanding and falling due at different
Times, has secured a loan of $2,000,000,
periods. Of the remainder, $4,530,000, it is proposed to sell $1,500,- ing to the Kansas City their road and branches 200 miles,
and will at once extend
tapping
000 this year, the proceeds to be applied in the construction of a
the Solomon Valley and other rich sections of the country
bridge over the Mississippi river at Louisiana (of which your West,
company will be the sol© owner), the purchase of steel rails, con
“
Chicago & Alton.—In his circular,
It is
j
®l)e Commercial ®imes.
CoFMEIUHAL^EPfr6ME7'™^
Friday
There
[August 9 878.
THE CHRONICLE
190
are
few new
Night, Aug. 8, 1873.
there has been a fair
and some of the leading
features to trade
;
Exports of Leading Articles from New York.
The following table,compiled from Custom House returns,
shows
the exports of leading articles from the port of New York
since
January 1, 1873, 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, including the value of all other articles besides
those mentioned in the table.
degree of activity in mercantile circles,
staples have experienced important changes in values, and yet
such an absence of speculative spirit continues to be felt that
complaints of “ dull times ” are still heard on all sides. The
most conspicuous variations have been the decline in cotton and
petroleum, and the advance in coffee and some descriptions of
hoar products.
The following is a statement of the stocks of leadiug articles
of domestic and foreign merchandise, at dates given :
1872.
-1873.-
Au^. 1.
Beef
Pork
Tobacco, domestic
Coffee, Ilio
Coilee, other
Coftee, Java, &c
Sugar
Sugar
Sugar
Melado
Molasses
Molasses
Hides
Cotton
Rosin
Spirits Turpentine
Tar
Rice, E.T
Rice, Carolina
Gunny Cloth (Cal)
Gunny Bags
Linseed
Saltpetre
Juto and Jute Butts
Manila Heino
Ashes
bags, etc.
lihds.
bbls.
No.
bales.
bbls.
23,821
25.822
50,689
34,735
39,068
25,937
38,158
16,234
27,789
88,290
20,544
10,401
14.570
•
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tat
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8,S98
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6,696
1,217
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1,902
27,210
28,140
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24,300
10,200
96,975
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there has been a further important decline ;
refined, in bbls., lias sold as low as 10£@lGfc., and quoted in
cases at 22c, while crude has been somewhat nominal at 7c. in
bulk ; naphtha, in bbls., is quoted at 91c.
In addition to the
recent increase of production a partial cessation of the demand for
the Baltic contributes to the depression. Rosin has declined to
$3 05 for strained, with a fair business, and spirits turpentine
has declined under liberal arrivals to 42^42lc.
Tallow has
been fairly active at 8|@S£c. for prime country and city,
and the sales to-day embraced 150,000 lbs. prime city at 8?c.
Whiskey has daily declined, and closed at 95c. Hides have ruled
a shade firmer at 2Gc.
gold for dry Buenos Ayres ; leather also
doing better, about 10,000 sides having been taken for export.
Metals have been quiet, but 200 tons Spanish lead sold a> G^Gfe.
gold. Of oils, wre notice sales of 500 bbls. crude sperm at $1 40,
with some menhaden at 40@41c.
Wool has been less active, but
quite firm.
Kentucky leaf tobacco has been comparatively quiet, but the
sales for the week aggregate 800 lihds., of which 600 lilids. for
export, and 200 lihds. for consumption, but we notice during the
past week freight engagements for about 2,000 lihds. to London
and Liverpool.
Prices remain firm at G|@8c. for lugs, and 9(a)l4c.
Seed leaf has shown more activity at very full prices.
for leaf.
Sales have be°n : Crop of 1870, 50 cases sundries, 7(3)iOc.; crop of
1871, 200 cases sundries, G@50c.; crop of 1872, 250 cases Con¬
necticut, at 6@9c. for fillers, and 12 a20c. for seconds; 38 cases
New York, I5£c.; 400 cases Ohio at 5^- aGc.; 200 cases Wisconsin
at 6J<5)6£c., including a small lot of wrappers at a higher figure.
Spanish tobacco more active, but at easier prices ; sales 800 bales
Havana at 80@95c.
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51,513
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4,400
5,500
146,300
44,864
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Freights have again materially advanced, especially for grain ;
the Liverpool steamers have obtained 13£@14d. for corn and
wheat, and 4s for flour, and ll^@12d. has been paid for grain to
the saine port by sail, with large shipments of cheese at .70, and
bacon at 50s.
To Cork for orders, grain charters have been made
at 9s. 4£d.,and to the continent 9s. 9d.@10s.
Petroleum charters
have been moderate.
There is a scarcity of vessels in port, but
it is stated that an easterly wind would bring in a large fleet.
To-day charters were made for grain at 9s. Gd. to Cork for orders
and petroleum at 7s. 9d. to Gibraltar for orders.
Provisions have been generally steady with a marked advance
in mess pork, which has sold at $18 for both August and Septem¬
ber; extra prime has sold at $15 25, old mess at $16 50, and
medium new mess at $17 50.
Lard, for an exception, has shown
a decline, and there have beeu liberal sales of prime Western for
September at 8|c., with a moderate business, at 8 7-lG@8|c. for
August, 8fc. lor October, and 8£c. for November, and refined on
the spot at 8§c.
Bacon has been in moderate demand and has
ruled steady; ice-cured long clear has sold at 84@8fc., do.
short rib at 9£c., and
winter cured short clear at 10c.;
clear
has sold
for December at 7|c.
short
Other cuthave
been
meats
steady but rather dull.
Butter has
in
fafr
demand
and firm for the finer grades.
been
Cheese has declined under large receipts, and the extreme price
has latterly been 13^c., with the more general value of prime
State factory 13c.
To-day pork was lower for September, with
business in new mess for that month at $17 75, and some trade
for August at $18.
Lard was higher for September, said to be
due to speculative causes, and 3,000 tcs. sold for that month at
8£c., while October sold lower at 8 11-lGc. Bacon and other cutmeats were quiet.
Butter was in fair demaud and steady.
Cheese was iu good demand, with 13-^c. the figure for fancy London
grade: there is a very large stock of common descriptions, which
dull of sale.
In petroleum
sj
60,744
70,506
95.0:18
Tobacco, foreign
3!),678
69,922
14,065
17,940
125,506
59,639
tcs. and bbls.
Aug. 1.
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Articles.
Import* of Leading;
House returns
this port since
following table, compiled from Custom
foreign imports of leading articles at
The
the
•mows
1.1873, and f°r t^10 same period of 1872 and 1871:
[The quantity is given In packages when not otherwise specified.]
Jan.
Since
Jan. 1
1873.
Earthenware....
IS
72,
11,106
6.S91
3,417
51 5rl
20,763
749,9 0
974,469
8,743
5,55J
19,903
20,047
19,290
2,3 >3
25,396
9 3
2.389
1,318
31,281
3,803
4,490
417
427
2.566
4.4
27,457
Oil.Olive
549
Opium
Soda bi-car b.... 46,854
40,641
Soda sal
35 501
Soda,ash ....
84,257
Glassware
.Glass plate
B into us
—
Coal, tons
Cocoa.bags
Coffee, bags
Cotton,
bates
following is
all the
Same
time
1871.
4,289
4,277
3,609
Peruvian.
Bark,
powders...
Blea
Brimstone, tons
Cochineal
Cream Tartar..
6,90-1
Gambler........
Gum,
2,587
Arabic...
indigo
Madder.........
essential..
0.1s,
17.792
12,179
2 972
2..01
3,041
Iron, HR bars.. 407.01! 613.523 519,100
191,316 349,653
Lead,pigs
203,183
4413,h 9 8,008.541 4.6; 9,865
Spelter, lbs
Steel
Tin, boxes
Furs
Gunny
cloth..
1,821
2,497
81,191
.
flair
Hemp, bales... .
Bides, &c.—
Bristles
Hides, dressed
India rubber....
Ivory
1,126
7,393
35,187 Fish
28,64a Fruits, &c.—
Lemons
8,609
4.164
Oranges
8,012
4,u26
10,417
75.6 5
1.142
13,965
80,493
1,351
2,832
1,345
12.4-0
2.453
26,091
2,396
3,274 Woods—
661
776
362,086
34,778
93,856
Molasses
Receipts of
276.705
Logwood
Mahogany
512,203
114,395
,
266,235
63.089
79,367
Domestic Produce for tlt.e Week
January 1,
Since
•Jan. 1.
This
week.
120
Ashes... pkgs.
Pitch
Oil cake,
4 398,
4,220
Corn
Oats
Rye
Barley, &c..
Grass 8d,bg9
Beans, bbls.
Peas, bush..
C. meal.obis
Cotton.,bales.
Hemp ..bales.
Hides
No.
Hops, .bales.
Leather.sides
Molasses, luls.
Do.,
bbls
Naval Stores—
7.671
27.011
*
-
-
1.545
SDlrits turp.
Rosin
Tar
75,240
and sine®
1,564
81,801
1,236
117.2 5
50
1,412
64,913
1,006
4.293
.
58,591
Provisions—
467.591
3.191
6,867
Eges
782,722
820,091
’.02.32!
254
105
Pork
316,503
99",334
401,092
22,483
123,979
Butter, pkgs....
Cheese.Cutmeat8
244,915
312,735
!08,i'28
17,216
6,201
Lard, kegs
Rice, pkgs
13,920
280,313
260,922
19 J17
Beef, pkgs
Lard, pkgs
15,899
‘i52
7,829
8,053
11,902
192,957
381
Starch
S’earine
12,65!
1,118
196,594
15,824
Sugar, bbls
758
4,324
681
Suear. hhds
921
30,635
25,859
4,299
2,991
3,327
Tallow, pkgs
Tobacco, pkgs....
6.217 Tobacco, hhds....
41,524 Whiskey, bbls....
361,758 Wool, bales
22,740 Dressed hogR, No.
6.060
;0,063
338,418
316
Cr.turp bbls
188,467
2,551
pkgs....
Oil, lard
Peanuts, bags
50,873 1.807.571 ’..443,379
850,453 11.343.28 -> 4,468,805
587,912 9.939,677 21,246.5 ‘5
163,'. 26 6,805.28 L 7,016.303
300.816:
15.036
519,516
751.92t 1,464,204
5,810
100
95.903
59.733
93?
23.522,
21.301
99.5 >1
166,335!
3,171
151.699
5.446
116,6i7;
374,3’ l
551,676
11/69
226
3.499
3,969
4&6,<J57.
411.27*
2.631
177
6,709
6,812
39,521 1,587,755 2,093, "06
171'
74
31.283
22,727
309,->61
92,105
32,314
Same
Since
Jan. 1. time ’72
This
week.
Same
time ’72.
192 221
follows :
receipts of domestic produce have been as
Breadstuff-*—
Flour..bbls.
Wnear...bus.
218,221
30,021
Cork
Fustic
if 54
311.3 84
Linseed
Nuts
Raisins
3,807
2,259
Jewelry
Watches
415.012
516,162
518,036
1163.70S 1,:<12.G31 1,126,631
661.336
596,( 68 Sb3.14U
8.'2.428
531,594
663,953
Hides undressed. 76:6.698 7.017,076 7,554.781
504,635
565,729 614.953
Rice
Spices. &c.—
285.718
502,508 363.502
Cassia
54,946
46,523
23,838
Ginger
31 331
70,155 409,546
Pepper
94,976 130,92i
201,241
Saltpetre
-77856
4,167
117,469
33.933
Jewelry. &c.—
fhe
76,858 Fancy goods
29.801
4,263
1112,204 1,236,164 1,103,121
54,729
59,512
90,406
910.106
613,951
669.553
194,057
195,908 205,773
1,106 Corks
53,564
46,618
5.412
Flax
by value—
26,892 Cigars
231
935
102,106
162.239
47,466
122,271
41,50s
4,230
82,012
111,311
5.7,917
93,312
Friday, P. M., August
By special telegrams
8. 1873.
received to-night from the Southern ports,
possession of the returns showing the receipts, exports,
&c., of cotton for the week ending this evening, August 8. It
appears that the total receipts for the seven days have reached
10,684 bales against 12,255 bales last week, 12,618 bales the pre¬
vious week and 13,883 bales three weeks since, making the total
receipts since the first of September, 1872, 3,586,253 bales against
2,712,009 bales for the same period of 1871-72, showing an in¬
crease since September 1, 1872, of 874,244 bales.
The details of
the receipts for this week (as per telegraph) and for the corres¬
ponding weeks of the five previous years are as follows:
in
Received this week at—
New Orleans
Mobile
Charleston
8avanuah
Texas
bales.
357
2.1U1
1,3)5
459
1,959
Tennessee, &c
Florida
1868.
3.211
553
913
280
348
It 4
774
721
1.013
1,361
166
200
1,674
1,70o
232
24
134
213
153
221
1,817
1869.
1870.
1871.
1872.
1873.
242
210
47
362
15
100
1,389
New Orleans
Mobile
Charleston..
Savannah
Texas
NJ;w York
Virginia
Other ports
Total si nee Sept. 1...-.
**
198
25
The exports
,
^week
of last
August S.
New Orleans
Mobile.
Charles ton...
G. Brit.
4,3£3
1,726
6,074
....
300
!
Other ports..
424
12,118
Sent. I 1,872.897
....
1,726
152.720
....
800
494,512
424
11 139
2,620.139
r
„
1 627
9,068
....
9,068
1,944,679
56.143
24,000
12,000
143,456
....
roo
•
5,612
39,438
1,018
3,963
20,000
1860,7S4
251,004
49-4,212
2006,000 1469,563
143,596
1437,619
183,549
314,443
1235,611
1104,466
99,098
i:.5,5S3
•
•
•
•
New
Orleans.
<i*
14%fa....
11%®....
18%®....
19%®....
*0%®....
J4%®....
16%®....
16%®.>».
18
@....
18
@....
19
®...
19
(to
20
(g,....
fa....
2)
21
Texas
17%®...
18%®...
>9% *...
20%®...
Mobile.
14 %'S,...
lb.
sump.
...
22
21*®....
Specula’n
750
338
388
1,597
3,95-1
227
254
l’ois
4,950
Total
@....
14%®7T7
J
22
®...
PRI'ih «,
Tranc ir:
Good
Total.
1
Mid¬
ow
Ord’ry. Ord’ry. Midl’g. dling
653 i
833 !
...
1,990 j
1,867
’220
220
2.016
1,692
9,351
11%
11%
14%
11%
14%
14%
17%
11%
17%
17%
19%
19%
19%
19%
20%
*0%
20%
*0%
16%
19
10%
19
2o
20
....
....
....
free on board)
low middling or
middling),and the following is a statement of
For forward delivery the sales (including
have reached during the week 74,950 bales (all
on
the basis of low
For
prices
August.?
*ts.
18 25-32
18 13-16
1.400
18 27-32
18%
IS <9-32
4.0(0
18 15-16
1,090
4,150
18 31-32
2,900
19 MS
109 no not ti'l
[5th
18 15-16
19 3-32
The
19%
19 5-32
19 3-16
cts.
.19 7-32
...19%
.19 9-32
800....
.19 5-16
1,000....
19 11-b2
700
lOu no not. be¬
fore 11th... 15%
1,600
4.600....
...
.
.
A. .19%
19 13-32
19 7-16
90*
100
500
For SepL unUer.
..18 1-16
500
..18
100
2.6(H)
.
.
For November,
cts. I
ctg.
.18 3-16
bales.
2(0
IS 7-82 i
17%
17 17-32
200
18%
1,800
200
17 9-16
is 5-;6
200
300
17 19-82
100
200.... ...17 21-32
17 11-16
100
32,100 total Sert.
SOD
For October.
17%
17 V
3.700
1.500 total Nov.
8(H).... ....17 25-32
For December.
....17 13-16
1,400
17 7-16
UO
4(H).... ....17 27-32
500
17 15-32
4(H)....
:s
1.100,.
....17%
100....
200
300
13 1-16
17%
bales
4 700
300
...
..,
18%
..18 5-32
7,100 total Oct.
19%
15-82
7-16
1-16
13-16
After ’Change.
Sat.
19%
19 11-32
18 5-16
18
17%
*17%
1,900 total Dec.
show the closing prices each day on the
middling uplands, for the several
Frl.
19
-.18
18
■17
.
1,800......
following will
basis of low
October
:
bales.
19
19 1-32
61.823
• •1
9
11,005
1,604
Thursday...
Friday
1.8*3
1,043
77.857
O
200
6)
64
19
3
74
7
Tuesday
3,961
9,831
7.3 U
7,841
-
®
.
give the sales
Wednesday
750
4,073
soo
-
fork...
Total
S'we
6,598
9,617
Savannah....
Texas
0|
16,751
1872.
12,031
51,006
410,182
'
block.
....
500
5,672
28,283
2710,831
339
769
956
894
5,300
..
New
we
Saturday
Monday.
2,200
1873.
j
18,698
51,973
273,069
per
Exp’t.
2.182,855
Contln’t
10,464
69,432
SALES.
2,112,547
France
I
Con-
2.712,009 3,953.224 2,854,836
Total this Same w’k
1872.
week.
119,S37
of spot and transit cotton and price of
Uplands at this market each day of the past week :
Below
200
5.800
season :
207,505
538,3-4
....
Good Middling
666
Exported to—
Week ending
!
Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Middling
1,437
Below are the
corresponding
6,031
Upland and
Florida,
5,740
this evening, are now 143,456 bales.
exports and stocks for the week, and also for the
6,100
1L077
8,857
1,664
showing great sensitiveness for this month’s delivery.
August contracts experienced a decided decline the early part of
the week, on Wednesday selling down to 18 13-lGc., a falling off
of $c, from the previous Friday, followed, however, by a brisk
demand and a recovery on Thursday to 18 15-16c., and a further
recovery on ’Change to-day to 19 3-16c., and after ’Change to
19 7-32c., being a recovery of !3-32c. lrom the lowest point this
week.
The later months also declined early in the week, but
yesterday there was a recovery of l-16c., and to-day they were
l-16@3-32c. higher than yesterday.
The recovery in August
contracts was due mainly to the demand to cover short sales, aris¬
ing out of the fear of further efforts being made in the way of a
corner later in the month.
Somewhat less favorable crop
reports have also affected the entire market as the week closes.
The prices for futures last reported were: For August, 19 3 16c.;
September, 18ic.; October, 17 13 16c.; November, 17 19 32c. The
total sales ot this description for the week are 74,950 bales,
including
tree on board. For immediate delivery the total
sales foot up this week 9,351 bales, including 4,950 lor export,
3,954 for consumption, 227 for speculation, and 220 in transit.
Of the above 377 bales were to arrive.
The following are the
closing quotations :
9,454
made up
22,121
lar,
1,173
this evening reach a total of
220,612
187,691
216,363
248,891
been a small reduction in the s'oek.
The close to-day was without
further change.
For future delivery the market has been irregu¬
bales.
for the week ending
118,415
*07,154
168,821
498,203
16,222
22,6 9
127,809
32,584
34,150
On Tuesday the quota¬
tions were reduced for good ordinary fc. to 17^c. for Uplands,
and 17£c. for New Orleans, and for grades above good ordinary
the reduction was £c. to 20fc. for Middling Uplands, and 20-fc. for
xMiddling New Orleans. Yesterday there was a further reduction
of £c., making a decline of one cent on the medium grades since
the previous Thursday, 1^-c. on good middling, and l|c. on good
ordinary, ordinary remaining unchanged.
At these declining
prices the demand lias been good, both for consumption and
export, and as receipts here have been quite moderate, there has
10
118
14,139 bales, of which 12,113 were to Great Britain, 1,726 to
France, and 300 to rest of the Continent, while the stocks as
1159,371
132,130
159,; 79
363,22i
249,743
■
....
the sales and
39
190,677
1,073
18,605
28,258
718,951
114,835
bered, did not share in the late advance.
29
171
3,5-6,253
953,526
! 269,055
I 44s,255
189,6-47
1 105,108
There has been the past week a decided decline in cotton on
the spot, except for ordinary, which grade, as will be remem¬
10,634
Total this week
i
| 285,667
35'.5,r.69 ;
Tot.nl last ypftr
103
395
Virginia
..
Total this year
1
127
635
1
189
....
Florida
No. Carolina
19
131
.
.
1871.
Stock,
Total.
Ports.
Britain. France. For’gn.
i
1233,453
328,264
366,943
007,855
334,250
161,051
12,031
55,721
414,807
61,194
.
Cnastwise
'
Oihei
Great
1672.
2,497
..
North Carolina
KXPOP.TKD SINCE SEPT.l TO—
.1.
80,213
COTTON.
we are
8TNCB SKP’I
4,199
0 487.2831
Drugs,&c.—
more
our
RECEIPTS
—
•
14.'.165
140,111
136.973
663,864 623.601
620,5,3
Tin slabs, lbs.. 3280.-33 4,7.7.105 2,884.672
61.877
66,646
85,676
73,572
13,664 Rags
Sugar, hlid8,, tcs.
690,489
409,527 353,147 3G9.SS7
2,313 .& bbls
Sugar, boxes &
643,351
674.034 823.534
bags
16,21!
84",608 807.129
736.608
17, »G3 Tea
34.0,6
41,912
45,515
3s ,‘203 Tobacco
Waste
3,660
2,497
2.793
:>2 Wines, &c.—
112,870
!05,!44
97,034
5.173
Champag’e.bks.
Wines
122,248 120,918
101,321
2.7U7
71,146
39,541
34,124
Wool, bales
4.897
1,859 Articles reported
19.549
than they were at this time a year ago. The
usual table showing the movement of cotton at
ports from Sept. 1 to Aug. 1, the latest mail dates:
61,631 bales
PORTS.
Hardware
38,650
308,8:53
*5,030
7,050
3,823
38,374
24,583
1S72.
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increase in
the exports this week of 5,171 bales, while the stocks to-night are
.
9.147
10.893
34.941
400.154
25,161
7,0 -7
3,755
Glass
•
Cutlery
31561
232,640
Same
time
Since
•Jan. 1
1875.
(Metals,&e.—
gulna, Glass and
Earthenware—
China
Same
time
1871.
Same
time
191
CHRONICLE.
THE
1873.]
August 9,
Mon.
19%
19%
18 3-16
17 13-16
17 21-32
17%
deliveries named:
Tnes.
Wed.
19%
19%
_
19 1-32
18 13-16
18%
n%
17%
18%
17%
17 15-82
17%
17 19-82
Thurs.
19
18 15-16
18 8-16 17 13-16
....
17%
Frl.
19
19 8-16
18%
17 13-16
*17 19 82
*1
-iK
,
_
K
-Vs
w
’c.
19-82
.
^
%
+
3’.
Weather Reports by Telegraph.—Our
reports by telegraph
to-niglit for the Gulf and Atlantic States are quite favorable,
though scarcely as satisfactory as a week ago.
The showery
weather has continued, and this being favorable to the increase
and development of the caterpillars, there appears to be a little
less confidence in some quarters of their being destroyed. Mix¬
tures of Paris green are, however, being used freely, and in some
cases successfully.
Whether this remedy will prove as efficacious
as is hoped, the result only can determine, but in the meantime
much rain is not by any means desirable. From the Southwest
18732.
our
reports are more
Orleans
[August 9, 187R’
THE CHRONICLE.
192
on more
have had rain
satisfactory.
It has been showery at New
than half the days of
on
every
the week.
having too much rain, but as yet
done but' limited damage.
There has
1872.
936,000
211,000
043,000
Stock at Barcelona
45,000
1,177.000
243,000
20,000
60,000
42,000
31,000
71,000
•28,005
Stock at Marseilles
1,046,750
152,000
14,250
Liverpool
Stock at
'.
Stock at London
Total Great Britain stock
—
Stock at Havre
Stock at
Hamburg
34,000
52.500
...
Stock at Bremen
104,500
32,500
29,500
Stock at Amsterdam
Stock at Rotterdam
Stock at
Antwerp
the caterpillars have
been rain on three
1871.
85,005
89,000
20,000
56.000
12,000
.
47,000
-
49,000
8,000
11,000
20,000
75,000
45,000
Stock at other continental ports
85,000
89,000
Total continental stocks
549,250
609,000
1,596,000
379,000
1,786.000
428,000
29,000
63,000
81,825
6,703
1,000
At Mobile they
day of the week ; in some sections they
are
1873.
845,000
201,750
Total
European stocks
India cotton afloat for Europe
American cotton ailoat for Europe
78,000
56,000
143,456
21,954
379,00
1,107,005
750,000
89,000
46,000
137,095
14.734
1,000
days at Selma; the caterpillars are gradually increasingj
Egypt, Brazils, &c., alloat for Europe....
especially on black lands west of Selma ; no serious damage Stock in United States ports
'.
has thus far been done by them except in that locality; Stock in United States interior ports
3,000
the planters are fighting the caterpillars vigorously with Paris United States exports this week
green and arsenic. At Montgomery more than half the days of
Total visible supply
2,395,528
2,277,410
2.150,834
the jveek have been showery, but as the week closes there is a
Of the above, the totals or American aud other descriptions are as follows:
favorable change ; the damage by caterpillars is still limited,
American—
owing to the effective use of Paris green. Our Columbus tele¬ Liverpool stock
268,000
347,000
310.CO0
gram also says that they are having too much rain there: on
Continental stocks
174,000
232,000
216,000
more than half the days of the week it lias rained.
It has also American afloat to Europe
29,000
89,000
78,000
been showery at Savannah; crop reports there are considered United. States stock
81,825
143,456
137,095
more favorable.
Our Augusta telegram states that planters are United States interior stocks.
6,703
21,954
14,734
complaining because they are having too much rain ; it is pleas¬ United States exports this week
3.000
1,000
1,000
ant to-day.
Our Charleston telegram states that they have had
Total American
bales.
warm, sultry and wet weather, with a favorable change as the.
560,528
825,410
797,829
week closes ; fcthe caterpillars are doing some damage among the
East Indian, Brazil, &c —
Sea Islands, and there are reports of rust in the uplands.
At Liverpool stock
668,000
498,000
303,000
Memphis it has rained on two days ; crop reports are favorable ; London stock
201,750
241,000
85,000
the nights are too cool.
103.000
The thermometer has averaged 85 at Continental stocks
435,000
317,250
Montgomery, 83 at Selma, 81 at Mobile, 81 at Macon, 82 at Colum¬ India afloat for Europe
428,000
379,000
750,000
bus, 81 at Savannah.
56,000
63,000
40,000
Egypt, Brazil, &c., afloat
First Bale of New Cotton.—We have a telegram from
Total East India, &o
1,835,000
1,452,000
1,353.000
Savannah to-night stating that the first bale of the new crop
560,528
Total American
825,410
797,829
of cotton was shipped to-day from Valdosta, Georgia, by Messrs
Total visible supply
2,150,834
2,395,528
..bales. 2,277,410
Stegall & Lathrop to W. Lathrop & Co., of Savannah. Last year
lOd.
Price Middling Uplands, Liverpool
Sjgd8^@8%d.
the first bale of new cotton was received at Savannah July 31.
These figures indicate a decrease in the cotton in sight to¬
Stock of Cotton in New York.—The official count of stock,
night of 118,118 bales as compared with the same date of 1872,
July 31, 1873. as made by Mr. Easton, Chairman of the Statistical and an increase of 126,576 bales as compared with the correspond¬
Committee of the Cotton Exchange, makes the total on that day
ing date of 1871.
78,546 bales, of which 64,129 bales are in warehouses in New
Movements of Cotton at TnE Interior Ports.—Below we
York, 9,525 bales in warehouses in Brooklyn, 112 bales on wharves,
give the movements of cotton at the interior ports—receipts and
and 4,780 bales on shipboard not cleared.
The
Uses and
Abuses of Contracts for Future shipments for the week, and stock to-night and for the correspond¬
-.
editorial article on this subject will be found on ing week of 1872 :
Delivery.—An
✓-Week ending Aug. 8,1873-*
—Week ending Aug. 9, ’72
a previous
Receipts. Shipments. Stock.
Receipts. Shipments. Stock.
page.
Augusta
646
3,301
116
454 1,730
837
Bombay Shipments.—According to our cable dispatch received
Columbus
77
295
1,328
20
20
195
lo-day, there have been 1,000 bales shipped from Bombay to Great
42
50
1,697
26
41
460
Britain the past week and 1,000 bales to the continent, while the Macon
74
,
363
227
1,615
2
11
receipts at Bombay, during the same time have been 1,000 Montgomery...
Selma
127
179
348
6
101
bales. The movement since the first of January is as follows.
235
3,113
1,817
3.629
7,417
141
These are the figures of W. Nicol & Co., of Bombay, and are Memphis
Nashville
753
1,135
4
223
736
6,248
brought down to Thursday, Aug. 7 :
„
-.
....
/-Shipments this week to-N
Great
Britain
Continent.
Total.
/—Shipments since Jan. 1 to—.
Great
Britain.
Continent.
Total,
2,000 746,000 193,000 839,000 1,000
2,000 593,000 236,000
900
829,000
19,000 645,000 311,000
956,000 11,000
From the foregoing it would appear that compared with last
year there is no difference this year in the week’s shipments
from Bombay to all of Europe, and that the total movement since
Jan. 1 shows an increase in shipmen;s of 10,000 bales compared
with the corresponding period of 1872.
Gunny Bags, Bagging, Etc.—The market for gunny cloth
closes strong, and holders are firm at 14c.; we note sales aggre¬
gating in all about 3,000 rolls, at 13f@14c., and in Boston a few
lots have changed hands at 131@134c. ; the market is rather
quiet for both Borneo and India cloth ; the former we quote at
14c. currency, and the latter at 10@104c. The Boston Shipping
List says that the principal holders there are not offering except
at a material advance, owing to the excellent crop reports front
the South.
The burning of 2,500 bales gunny cloth of 360 yards
each by the fire on Thursday last at East Boston, has also had its
influence on the market, as it removes so much material available
for bagging purposes.
Bags are steady, but we note very little
inquiry ; quoted at the close at 14c. Jute butts have been fairly
active since our last, some 7,000 bales having changed hands at
prices varying from 2c. cash and time, to 2 l-16c. cash ; the price
asked at the close is 2c. cash, but some purchases could probably
be effected at a lower figure.
1,000
2,000
19,000
1,000
....
....
Visible Supply of Cotton as Made up by Cable and Tele¬
graph.—Below
315
984
6,703
stocks have decreased dur¬
are to-night 15,251 bales more than
The above totals show that the interior
ing the week 2,434 bales, and
same period last year.
at the
more
than the
The receipts have been 3,112 bales
week last year.
of cotton this week from New York show a de¬
same
The exports
since last
week, the total reaching 7,341 bales, against
8,989 bales last week. Below we give our usual table showing
the exports of cotton from New York, and their direction
for each of the last four weeks ; also the total exports and direc¬
crease
tion since
the same
export*
September 1, 1872 ; and in the last column the total for
period of the previous year :
of Cotton (bales) from New York since Sept.l, 1872
WEEK ENDING
Total
to
EXPORTED TO
date.
Same
time
prev.
year.
July
Other British Ports
23.
30.
6.
8,252
Liverpool
July
16.
10,053
8,953
7,341
504,037
1,507
340,741
2,826
10,053
8,953
7,341
505,514
343,567
July"’
Aug.
....
8,252
Total to Gt, Britain
10
Havre
Other French ports
....
Bremen and Hanover
—
Hamburg
Other ports
5
—
v •
....
K
..
....
.
....
....
....
j
....
....
—
10.053
8,989
18,383
4,607
8,329
5,380
31,409
6,870
i'ii>6
•
36
....
1,065
2] 74*1
•
946
119
6,031
•
10
Total Frencli
6,031
36
....
we give our table of visible supply, as made up
by cable and telegraph to night. The continental stocks and afloat Total to N. Europe.
are the figures of last Saturday, but the totals for Great Britain
1
are this week’s returns, and consequently brought down to Thurs¬
Spain, Oporto&Gibraltar&c
All others
day evening; hence to make the totals the complete figures for
tonight (Aug. 8), we add the item of exports from the United Total Spain, See
States, including in it the exports of Friday only for Great Britain,
Grand Total
8.267'
but for the Continent the exports of the entire week
21,954
6,161
3,727
Week’s
receipts.
....
....
7.341
349
1,141
2,741
1,196
545.725
352.698
ii73 j
August 9,
CHRONICLE.
THE
Ord.
following are the receipts of cotton at New York. Boston,
Philadelphia and Baltimore for the last week, and since September
1, 1872:
The
%
NEW YORK.
bsob’ts from-
(Sept.
New Orleans..
4,323'
Texas
3,535
Mobile
63,110,
i
!
1,171,
Virginia
1,517,
223,110.
186
13,462
Tennessee,
1,3971
159,949,’
636
161
83j
12,999,
959
North’rn Ports
&c
Foreign
963,175 i 1
12,042;
Totalthis year
j
2.911! 725.286'
(
Sept.l.
I
985
•
•
•
•
•
•
....
•
•
•
•
169
83,147 f
.
•
.
•
American...
Brazilian...
....
10.2M
102
222
20,867
E.
87.0761
....
24,715}
....
....1
18,371} l
204
1,097
15,654
....
1
197.
....1
146.
17
j 12,337/
...
105
333,439
ol the year
have been
on
spec, to
Total.
2.540
bales.
173.810
82.080
6,090
31,880
bales.
99.370
.
Indian..
Indian..
1872,
920
10
10
41,220
....
this date—,
1871,
...
10%
bales.
bales.
70,896
"62,024
132,030
71,350
9.C69
5.700
26,462
4,895
42,280
20.5(0
7,200
57,000
7,082
105,654
141,010
11,040
23,680
533,740
401,020
199 001
239,948
742,770
shows the sales and imports of cotton
also the stocks
on
Liverpool, per steamers Lord Clive, 924....Manhattan,
2,070.... Adriatic, 352 ...City of Brooklyn, 685... .Calab.'ia. 615
Spain, 1 077
Java, 267....per ships Washington, 866..
Crusader, 455
New Orleans—To Liverpool, per steamer Caledonian, 3,674
Philadelphia—'To Liverpool, per steamer Kenilworth, 374.
New York—To
Total
7,341
3,674
374
American
Brazilian
.
Total.
7,341
'
374
3.674
374
11,389
11,389
3,674
Below
all news received, during the week, of disasters
vessels carrying cotton from any port of the United States:
we
give
S. C. Eborn, from Jacksonville for
Wilmington, N. C., with turpentine and
cotton grounded A. M. July 28 opposite Masonboro.
Assistance was
sent bet from Wilmington, her cargo r moved to the beach and the ves¬
sel floated
29th, without damage to vessel or cargo.
New Peocess
Pressing Cotton.—As
of
47,277
73.415
7,759
455,224
542.535
857,942
•
W. Indian
East Indian...
-
.
matter of interest
a
shippers of cotton, we see it stated that an experiment was
tried on Wednesday, which was eminently satisfactory, for com¬
pressing cotton by a new process. At the suggestion of the
agent ot the French Trans-Atlantic Line of steamers, bales of
cotton which had once been compressed were reduced from thirtythree inches to eighteen in width, thereby saving to the Steamship
Company nearly three and a half tons measurement in the space
in the vessel’s hold occupied by twenty bales.
Whether this
extreme pressure will not injure the fibre would seem to us ques¬
72,265 2,373,128 2,358,640
and
lOOfTjdOflg-, and Commercial, 1081r(g)108£.
Freights closed at
$d.(O;7-10d. by steam and 5-16d.@|d. by sail to Liverpool, lc.
gold by steam and lc. by sail to Havre, and lc. by steam to
Hamburg.
1y Telegraph
from Liverpool.—
Liverpool, Aug. 8.-5 P. M.—The market has ruled quiet and steady to-day,
with sales footing up 12,000 bales including 2,000 bales for export and specu¬
lation. The sales of the week have been 64,060 bales, of which 5,000 bales
were taken for
export and 5.000 bales on speculation. The stock in port is
845,000 bales,'oLwhich 347.000 bales are American. The stock of cotton at
• ea, bound to this port is 382,000 bales, of which 48,000 bales are American.
July 25.
July 18.
Aug. 1.
Aug. 8.
111,000
64,000
11,000
5,000
16,000
5,000
Total stock
899,000
848,000
845,000
Stock of American
379.000
355,000
347,000
Total afloat
380,000
379,000
382,000
American afloat
66,000
111,000
53,000
48.000
The following table will show the daily closing prices of cotton for the week;
Total sales
Sales for export
Sales on speculation
77,000
7,000
7,000'
71,000
9,000
5,000
897,000
363,000
413,000
•
Tues.
Sat.
Mon.
Wed.
Thurs.
Price Mid. UpPds.
Holi8%®.... 8%®
•
8%®....
Orleans. 8%®.
day.
9%@— 9%®— 93*®—
Trade Report—The market for yarns and fabrics at Manchester is
...
..
Fri
8%®
9%®—
quiet and
unchanged.
European Cotton Markets.—In reference to these markets
our
correspondent in London, writing under the date of July 26
states:
*
Liverpool, July 26.—The cotton market continues quiet, with
the tendency of prices rather in favor *of buyers, and quotations
in some instances are slightly reduced.
For Sea Island there has
continued a good demand, chiefly confined to the better grades of
Carolina, and full rates have been paid. American is in fair
demand, but abundantly offered, and ratber lower in price. Brazil
continues te be supplied very freely.
The following are the prices of middling qualities of cotton,
compared with those oflast year:
Fair &
Sea Island..
Florida
,—Ord.&Mid—»
16
19
14
17
g’d fair—>
22
24
19
20
r-Good & r-Same date
Fine.-^
30
22
42
..
Mid. Fair.
24
22
30
28
Average
weekly sales
1873.
1872.
1,078,720
477,950
186,100
11,960
1872.
35,320
28,070
12,640
5,190
6.400
5,420
1.400
1,530
718,840
10,460
10,970
2,529,490
59,000
E8,40o
55.920
-Stocks.Same
This
date
Dec. 31*
1872.
dav.
1872.
63,570
3T9.020 301.540
113,460
58,150
11,090
20,060
317,590
183,560
69.080
9.650 }
35,570 f
25,880
44,210
20,450
266,940
965,440
899,370
366,040
421,050
London, July 26.—The market is firm, and the quotations are
rather higher.
and stocks:
Annexed
are
the particulars of imports, deliveries!
1871.
bales.
150.907
‘
Stocks, July 24
1872.
bales.
2S6.572
135.391
83.810
Imports, Jan. 1 to July 24
210,790
236,169
Return of the quantities of cotton imported and exported
various ports of the United Kingdom during the week
U
U1J
1 I
18"8*
bales.
175,430
191,821
211,545
at the
ended
*J,
,
Amer.
Imported
Brazil.
23.059
10,467
2,231
biles.
Exported
300
E. Ind.
27,282
' 6.593
Miscel.
1,457
Total.
853
423
1,584
11,131
Egypt.
63,118
BREADSTUFFS.
Friday P. M..
the
past week.
Aug. 8. 1873.
important feature to the flour market during
Receipts have continued moderate, and the offer¬
There has been
Freights.—Gold has fluctuated the
week between 115£ and llof, and the close was 115f.
Foreign Exchange market is steady.
The following were
the last quotations : London bankers’, long, 10£f@108|; short
past
3,414,313
Same
period
stock of cotton in Liverpool 42£ per cent is
American, against 31 per cent, last year. Of Indian cotton the*
proportion is 35£ per cent, against nearly 38 per cent.
tionable.
Gold, Exchange
Thursday
on
the present
Of
Deliveries
to the
1872.
3.149
...
Total
Total.
1.402,134
709,655
287,042
17,147
140,393
54,756 1.046.241 1,033.312
276.990
521,239
6,661
171.776
Egyptian
172,918
15.616
15,197
Smyrna & Gr’k
follows:
Total
to
week.
,
To this
date
1872.
To this
date
1873.
This
particulars of those shipments, arranged in our usual form
Liverpool.
Imports.
t
11,389
Philadelphia
hand
SALES, ETC., OF ALL DESCRIPTIONS.
Total bales.
New York
New Orleans
bales..
5.557
*
1
are as
Actual
exp. from
Liv., Hull & other exp’tfrom
U.K. in
outports to date
1872.
1873,
1872,
,
The
10%
the transactions on specula¬
bales.
.
1191 70,300!
10%
10%
11%
10
500'108,190
Total
-Sales this week.
Ex- Specula^
Shipping News.—The exports of cotton from the United States
this
Trade. port
tion. Total.
year.
thb past week, as per latest mail returns, have reached 11,889
American.. bales. 36,690 1,920
5,450 44,060 ;1,157.330
bales. So far as the Southern ports are concerned, these are the Brazilian
220 11,180
204,990
9,260 1,570
159.830
70
game exports reported by telegraph, and published in The Chron¬
440
5,200
Egyptian
5,320
610
8 630.
icle last Friday, except Galveston, and the figures for that port Smyrna & Greek [
240
130
West Indian,
2.010
55,600
1,,oU
are the exports for two weeks back.
With regard to New York, East Indian &c J 10,370 3,250 1,100 -j 14,720 461,410
we include the manifests of all vessels cleared up to Wednesday
Total
6.970 77,780 2 ,047,990
63,390 7,420
night of this week :
Total last year.
M.F.
10
10
214,910
202.810
150.140
494,190
The following statement
for the week and year, and
G.Mid.
9%
9%
:
3.580
575!103,719 evening last:
1,569; 55,801}
1.499*279.1761
43,021
-•1
j
9
1873,
11,156
....
374
8%
8%
commencement
-Taken
Egyptian.
VV.
i
•
9%
9%
9%
/—Actual
....
•
8 7-16
tion and for export
Sept.l.
30
....
8X
8%
7%
G.Mid. Mid. F. Mid.
Mid.
Since
1,710
1241 18,912
....
34|
This
week.
?%
6%
Since the
BALTIMORE.
4,717
14,436
1321
....I
1 017
Since
1,079!
51,761
18,726j
....!
S’th Carolina.
N’th Carolina.
217
This
week.
41,267
....[ 12.033
1,494
164,943 i
29,577(1
Florida
Since
JSept.1.
....
169,689
.—I
..
l.j
This
week.
129,837,
810.
Savannah
PHIL ADELP IA
L.Mid.
7%
Mobile.... 6%
1
B08TON.
| Since |
This
week.
'
i.Ord.
Upland... 6%
N.O& Tex
193
no
ings have been limited, and although some concessions have been
necessary in order to close out large lines the general market is
without decline, and the close comparatively firm for the lower
grades, in sympathy witn wheat. A few thousand bids, of com¬
mon Western
spring extras have been taken by shippers at $6®
$6.10, but on the whole the market has been quiet. Rye flour
has slightly improved, and in corn meal considerable activity has
been noticed.
To-day the market was quiet but firm.
The wheat market has bem variable.
Early in the week there
was much depression
under dull accounts from abroad, and a
further advance in ocean freights, lid. being paid by steam to
Liverpool. On Tuesday there was a large business at $1.22@
$1.28 for No. 3 spring, and $1.35@$1.40 for No. 2 Chicago and
Milwaukee. On Wednesday there was a good business at $1.25@
$1.30 for No. 3 Spring, with $1.40 bid at the close for No. 2 Mil¬
waukee. Yesterday there was great activity, the business aggre¬
gating about a half million bushels, mainly in No. 2 Milwaukee
at $1.42£@$1.43 on the spot, and $1.40@$1.41i for September and
October delivery, but including about a hundred thousand bushels
No. 3 Spring at $1.28@$1.39. The demand was said to be in part
rom the
continent. Winter wheats remain very quiet. The
supplies of wheat at all points continue large for the season.
To-day there was less activity, the sales embracing No. 2 Mil¬
waukee at $1.43@$1.44 on the spot, and $1.42 for October
delivery.
Indian corn has remained without important change in prices
activity. The supply has been limited, but there is a
quantity close at band, and shippers have been embar¬
rassed by the scarcity and high rates of ocean freights. Of canal
mixed, heated and kiln-dried have sold at 50@524c.; fair to prim©
1872—
Good. steamer mixed, 53@55ic., and sail do. at 56c.; with choice mixed
42
and yellow by rail at 57@58^c.
White com scarce, with sales o
33
or
much
iberal
f
as
'at 85c. afloat.
owing mainly to a falling
Oats have advanced,
off in the supply ;
Chicago lias sold at 44c afloat, and prime white, 51@52c in
siore.
The close is quiet at the advance. Canada Peas have
sold in a small way at $1 in bond.
The following are closing quotations :
No. 2
“
Wheat
Spring
6 0^<® 6 30
6 75® 8 25
extras
Amber
White
do
Corn-Western mixed,new
.'.
75®
58®
Southern,white
Rye—State and Canada...
®
82®
7 75®10 00
Western
Oats—New Black
brands..
Southern bakers’ and fa
,
82®
41®
White Western
Yellow Western
“
1873.
v
Same
For the
Since time Jan.
week.
Jan. 1.
1, 1872.
50,873
1,807,571
1873.
,
,
week.
Since
Jan. 1.
27,294
795,015
For the
1,448.879
meal, “
5.446
151,699
116,677
4,689
114,446
Wheat, bus. 850,453 11,343.285 4,468,805 528,856 9,279,109
Corn, r“ . 587,912 9,939,677 21,246,595 224,652 7,683,513
15,030
300,846
Rye,
41 .
549,516
44,929 327,971
.
5,810
754,927
1,464,204
163,126
Barley,&C..
Oats
6,805,2*1
7,046,308
The following tables
of Breadstuff's to
ment
aECEIPTS AT
2,
•
Chicago...
.
AND FROM AUG.
Toledo
Detroit
Cleveland
St. Louis..-.
Duluth
Total..
142.965
22.253
31.250
“
*
145,000
918,879
95,771
1,536,552
222,647
40,000
1,544,695 1,465,249
,
6,435
3,677
4.206
49,049
64,000
25,000
820,387
262,451
237,231
427,530
140,000
406,206
335 015
•
9,000
825
7,804
3 670,074
4,035,790
4,164,652
114 771
92,353
109,712
106,368
109,029
„
4,054,170
4,032,559
4,537,300
5,271,550
162,738
322.583
21,084
1,118.925
423,515
with
21,976
Oats.
299,465
53,010
less activity in the invoice demand during the past
oft’ in the absence of pressing wants, and holders
refusing, as the rule, to make concessions. It has been reported that new
Japans have been shaded a fraction from last week, but we do not learn that
sales this week have been made at any lower prices than were accepted pre‘
35,930
18,728
9,150
74,662
5,637
3,500
400
187
4,107
400
350
report. There have undoubtedly been some sales recently
prices far under the true range of values, but the feeling this week has
shown nothing to indicate that the position was growing worse rather than
better. Advices from abroad show that while prices in the home markets are
considerably below those of last year, they nre still too high to admit of heavy
operations on American account. The settlements have not been large, and
vious to our last
Rye.
5,705
3,450
in raisins.
week, buyers holding
move¬
Barley.
essential change except
There has been a little
22,659
435
no
advance on our last figures.
TEA.
:
494.945
2,182,054
626,225
2,305,532
166,516
1,076.818
1,746,917 1,536,050
1,273,511
have shown a steady improve¬
Molasses is held
in light stock, but is in fair request, and sales are made at full
prices. Dried fruits have been in fair demand and rule very firm,
Sugar has been active, and raws
ment, closing at £c.
bush.
bush.
bnsh.
busb.
(56 lbs.) (32 lb«.) (431bs.) (56 lbs.)
816,124
11,052
4,600
302,165
206,184
30.993
,
568,900 14,903,871
27,313
528.663
....
principal articles in this line continue
pretty extensive scale, and the general market is strong.
considerable excitement in coffee, with large
transactions and a material advance in values ou nearly all grades.
Tea has sold only moderately, but is held at about former rates.
569,054
109,694
5,518,745
3,730
315,193
August 8, 1873.
There has been
FOR THE WEEK ENDING
TO AUG. 2.
1,502,173
15,940
’71,
’70
“
117,497
11,418
3^614
on a
1872.
>
Fertile
Since
week.
Jan. 1.
57,081
123,327 1,131.157
866,790
91,968 1,378,099
794,734
1 to date. 5.781,225 54,833 138 62,423,240 29,143,324
1311-72— 5,043,864 39,725.674 69,585,796 28,919,490
187)—71... 5,7h4,392 48,084.512 47,375,912 21,817,768
1869-7)... 6,040,352 54,361,270 33,213,858 17,738,652
Corresp’Lg week,’72,
Total Aug.
Same time
Same time
Same time
br.sh.
(60 lbs.)
274.277
565.590
95,235
84,630
Previous week
1
Corn.
Wheat
36,081
20,375
..
302,109
28,601
33,073
47,350
The transactions in the
85
42
,
20,702
the latest mail dates
10,874
2,594
3,990*
17,321
4,000
•
35.000
Friday Evening,
85
95® 1 30
show the Grain in sight and the
Flour.
bbls.
196 ihfO
Milwaukee,...'.
3,500
GROCERIES.
©
...
40,040
....
1,475
LAKE AND RIVER PORTS
AUG.
“
60
EXPORT8 PROM NEW YORK.
RECEIPTS AT NEW YORK.
,
C.
25,747
22,500
71,912
827,443
12,486
125,000
...
The movement inbreadatuffs at this market has been as follows:
Flour, bbls.
210’272
22,140
Estimated.
*
43® 44>£
50®
54
@
Chicago mixed
9 00®10 25
mily brands
White Western, &c
shipp’g extras.. 7 25® 8 25 j
Rye flour, superfine.. ... 4 50® 5 25 | Barley—Western
Canada West
Corn meal—Western, Jfcc.
3 10® 3 35
Corn meal—Br’wine. &c. 3 75® 3 90 } Peas—Canada
Soifthern
,
“
78
j
7 00®10 25
City shipping extras. ..
City trade and family
487,*883
56
6 75® T 00
do double extras
do winter wheat extras
and double extras
49®
“
“
1 60® 1 70
1 55® 1 80
«
“
..
18,000
4.704,517 10,106,226
9,907,876
’73. 4,742,934
9,340,417
[July 19,’73. 5,077,460
9.472.400
July 12, ’73. 6,020,112
9.048,507
July 5, ’73.5,348,459
9,246,988
June 28. ’73. 5,524,824
Aug. 3, ’72. [2,675,9S1 12,040,025
“
“
Wheat—No.2 spring,bush. $1 38® 1 44
Superfine State and West¬
No. 1 spring
1 48® 1 50
bbi. $5 00® 5 35 j
ern
1 45® 1 55
Extra State, &c
6 25© 6 50 ! Red Western
Western
134,000
Total
Total in store & in transit July 26,
Grain.
Flour.
68,000
165,000
17,603
215, !26
62,056
In store at Milwaukee
In store at Duluth
In store at Toledo
In store at Detroit
In store at Oswego*
In store at St. Lonis.
In store at Boston
In store at Toronto
In store at Montreal
[n store at Philadelphia*.
In store at Baltimore*
Lake Shipments
Rail shipments for week
Amount on New York canals
high as 76c. To day prime canal mixed sold at 54£@
55c., and lieated do. at 49@51c.
Rye has been active and higher ; about 150,000 bush. Western,
part to arrive, have been sold at 80@82c., the higher price being
paid yesterday for a boat load in store. To-day holders were firm
Western
[August 9, 1878.
CHRONICLE
THE
194
10,092
13,644
11,973
9,068
7,275
20,841
68,197
124,536
30,138
43,943
9,129,913 1,901,338
6,385,563 2,760,027
5,357,162 935,783
3,518,692 1,665,697
at
probably will not' be unless values advance here or recede there. The sales *
here include 1,200 half chests Greens, 500 do. new Japans, 800 do. Oolongs and
a few small invoices at auction.
There have been no imports this week.
The'following taole shows the imports of Tea into the United States
from January 1 to date, in 1873 and lb72:
Estimated.
Totnl.
Japan.
Green.
Black.
9,312,920
36,(15,753
13,437.639
14,227,659
8,340,453
15,444,025
The indirect receipts at New York, principally overland receipts from San
Francisco, have been 50,959 pkgs. since January 1. against 105,167 last year.
Imports at San Francisco from Jan. 1 to Aug. 7, were 400,400 lbs. of Chinn,
1,620,500 lbs. of Japan and 200 lbs. of Java tea.
Atlantic ports,
Atlanlic ports,
13.265.19)
12,875,903
1873.. .lbs.
1872
COFFEE.
Shipments of Flour and Grain from the ports of Chicago,
Milwaukee, Toledo, Detroit, Cleveland, St. Louis and'Dulutli,
for the week ending Aug. 2, 1873, and from January 1 to
excited during the past week both for the Brazil
grades. Buyers have taken out liberal amounts of Rio
coffee, and the market is very bare of stock. The better qualities are particu¬
larly scarce, and it is almost impossible to find any really desirable goods out¬
Aug. 2 :
Corn,
Oats,
Flour, Wheat,
Barley,
Rye side of second hands. Prices have been put up fully %c, and are very firm at
bush.
bush.
bush
bush.
bush.
Weekending—
bbls.
the close, with a prospect of going considerably higher. The latest Rio tele¬
700
482.838
914.840 1,759,199
6,629
Aug 3, 3873
306.876
4.902
917.300 2.224.333
530,568
19,435 grams are of a very favorable character, and indicate a material advance over
102,275
July 26. 1873..
11.309
271.119
450.244 2,15b,946
10,474
Corresp’ng week 1872 61,853
the previous despatch, the quotat.on being 10$100 against 9$'JOO at the time of
875,533
43,207
12,185
62,106 1,036,069 1,824,249
Corresp’g week 1871.
our last report.
The business in India coffees has been as heavy as the supply
692.179
583,560
13,340
1,936
72,447
749,587
Corresp’g week 1870.
4,135
!SD
233,816
37,357
would admit, but transactions are necessarily restricted. Maracaibo is selling
666,523
58,824 1,039,397
Corresp’g week 1869.
667.578
Total Jan. 1 to date. 3,456,758 21,367,305 25,991,259 13.087,489 1,566.843
freely, to arrive, there being no stock here. Java lias shown’some real activity
Same time 1372....
2,209.760 8.238,301 38,430,036 10,480,275 1,043,072
702,309
Same time 1871
.2.291,786 17,505,260 31,157,120 5,864.551
431.009 485.603 and the stoc'i in first hands is reduced to a remarkably small amount. The
Same time 1870
2,175,958 18,063.903 11,588.607 4,304,553
408,341 865,050 current transactions are mainly from second hands, and prices in thsseas well
as all other pale grades are quotably advanced. The sales are 2.63S bags Rio, ex
RECEIPTS OF FLOUR AND GRAIN AT 8EABOARD PORTS FOR THE
Arturo;” 2,325 do. do., ex 44Gassendi4,528 do. do.ex “Adolph Fred¬
WEEK ENDING AUG. 2, AND FROM JAN. 1 TO AUG. 2.
holm;” 835 do. do., ex 44 J. L. Pendergast*;” 1,370 do. do., ex “Bernard;”
Oats,
Corn,
Barley,
Flour, Wheat,
Rye,
bush.
bush.
4,001 do. dov ex “ Gustav Adolph ;” 2,851 do. do., ex “ Tendez;” 137 do. do.,
bnsh.
bbls.
bush.
bush.
At
41.069
497,815
270,155
New York.
767,814
ex “Ontario;” 4,000 do. do., ex “ Fingal;” 2,002 do. do., ex “Nora;” 500 do.
27.170
Boston
27,120
63,127
7,800
Costa Rica, 14,747 mats Java, ex 44 British Crown,” sold before arrival on pri¬
500
2,500
Portland*
10,500
3,100
vate terms ; 3.150 bags Maracaibo, ex “ Gipsy” and “ C. II. Luna,” 1,617 do.
77.198
Montreal
19l,,776
27,313
149,800
10,133
54,800
81,200
9,375'
Philadelphia
Laguayra, ex “John Boulton,” sold on private terms ; 2,392 do. Costa Rica,
44.300
9.541
29,332
Baltimore
76,600
377 do. Porto Rica, 52 do. Savanilla, sold in lots for consumption within range;
48,314
6,217
New Orleans
8,800
600 do. St. Domingo, in transitu to Europe.
Total....'
123,725 1,125,610
885,054
417,584
17,675
Imports have been 6C0 bags St. Domingo, per “Chance,” and 642 bagi
The market has been very
and most of the India
“
..
..
...
..
..
.
....
.
..
....
.
Previous week
Week July 19,’73.. .
Week July 12, ’73 ...
Week July 5, ’73
Corresp’g. week, ’72.
122,277
.
129.927
.
.
..
160,684
159,908
92,379
.
Total Jan. 1 to date .5,002,160
Do. same time 1872.. .4,335,678
Do same time 1871.. .4,666,425
.
*
890.543
950,330
9.675
489,788
484,706
1,516.346 1,013,973
13,069
765 310
1,069,856 1,322,499
16,425
612,973
6,796
1,174.788 1,146,024
430.940
692,737
13,300
1,831,372
17,263.082 24,787,503 13,786.934 1 293,199
7,231.900 44.684,432 3.568,677 1,323.152
513,445
16,165,597 25,841,055 7,309,640
74,950
79,417
82] 152
76,799
16.17q
603,832
430,79n
192,304
Estimated.
Tee Visible
Supply
including tlie stocks in
granary at clio principal points of accumulation at lake and
seaboard ports, in transit on the lakes, the New York canals, and
by rail, was August 2, 1873:
of
Grain,
Wheat,
In store at New York
In store at Albany
Instore at Buffalo
In store at
Chicago
..,.
*
Corn,
Oats,
bush.
bush.
bush.
887.188
*43,699
9,800
114,950
1,834,901
44,000
771.905
839,699 9,703,189
Barley.
bush.
8,592
424,000
22,000
156,320
690.088
33,8i8
various other kinds.
The stock of Rio Aug.
<
7. and the imports since Jan. 1,1873, are as follows:
New
Bags.
York,
Stock
Same date
18.119
85,662
In
1872
Imports....
Phila.
..
...
385.1.-0
3,041
4.012
-359,047
In Ju72
New
Balti-
delphia. more. Orleans.
15,744
14.795
S.2X)
....
2'>7.7i8
187.761
93,613
59.902
Mobile,
&c.
5,003
8,i'07
Galveston.
21.609
29.SI7
4,0(0
....
24,392
Ceylon
...
..
r-New York^
stock. Import.
•69 .(96
t5< 0
2,500
Other
Total:
Same time, 1872
•
5,851
<
Import. Import.
the
seveial
Orle’s.
import,
3<>,055
....
...
..
1,658
55,907
it*
ct
443
....
(t
55.-42
Maracaibo
Laguayra
St. Domingo
■
Boston. Phlladol. Balt. N.
Import.
736,312
648,784
8,212
Of other sorts the stock at New York. Aug. 7, and the imports at
ports since Jauuary 1,1873, were a”? follows:
In bags.
Java and Singapore...
Total
51,071
108,464
•
•
t
3
"3-J
22,553
37.987
...
...
3,616
5,104
49,691
3,871
821
1,315
274,374
131,599
37,542
23,320
29.821
1,315
541
837.092
34,655
8,132
8,329
499,042
Includes mats, &c., reduced to bags
26,161
*i *
....
511
f Also 10.401
■> ®
mats*
August
9,1873.]
195™
CHRONICLE
THE
in o I an ft cm.
SUGAR.
been a fair inquiry for refining grades during the past week, and
the market has exhibited considerable strength, with a steady tendency toward
an advance, and we note a quotable improvement of
on all grades. The
There has
equal to the call, but the stock is not excessive and is well
Prices are now %c below those of a corresponding date last
arrivals are nearly
under
year,
control.
although the aggregate stock is less than at that period, and the gold
Refiners are taking out fair amounts although there has
premium is higher.
material activity in their products, and the combined effects of their
operations and the favorable influences bearing upon the market from other
BOtirces, gives us a firm market at the close with a moderate business.
Prices
on refined have undergone very slight alteration since our last.
The sales of
raws are 3,052 hhds. Cuba, 7,k@8%c ; 5,000 boxes Centrifugal, 9k@9%c; 118
hhds. do., 93^c.; 928 hhds. Porto Rico, ?X@S^c.; 635 do. Melado, 6@6kc.; 10
been no
bbls. clarified Demerara,
and 200 boxes Cuba, on private terms.
Imports at New York and stock in first bauds Aug. 7, were as follows
Cuba.
♦hluis.
Cuba.
bxs-
Imports this week..
same
Stock in first hands.
Same time
**
1872
30,145
35,613
1,453
...
95,245
....
215,5S8
74,540
328,592
7,477
4.006
10,272
MOLASSES.
There continues to be a very
good inquiry for refining grades of molasses,
restricted by the inadequacy of the- stock. The bulk of
the sales show a better feeling on boiling molasses, sales having been effected
at an improvement of about 2c. per gallon.
The call for trade lots has been
moderate, and prices remain firm. The stock of domestic has run down to 400
bbls., and sales of choice lots have been effected at the close at 87c. The
supply of Cuba is but 804 hhds., only a small proportion of which is desirable
for refining purposes.
Of Porto Rico the stock is put down at about 1,700
hhds., while but 185 hhds. of English Islands remain. Syrups are quiet and
without important feature. The sales of molasses include 370 hhds. Porto
Rico, a part at 50c.; 102 do. Nevis, 33c.; 15 do. Barbadoes 37c., Jn lots ; 21
hhdi. and 41 tcs. Cuba, 27c.; 261 hhds. and 36 tcs. do., 27c.; 163 hhds Cardenas,
29c.; 69 hhds. Cuba, 29c., and 8o bbls. New Orleans, 80®87c.
The receipts at New York, and stock in first hands Aug. 7, were as follows
-bnt transactions are
.
P. Rico,
•libels.
301
Cuba,
*hhds.
Imports thisweek
“
since Jan.1
time 1872
“
60.594
...
“
“
...
same
“
“
same
time-72
time’71
■
•hhds.
Other
•hhds
270
N. O.
bbls.
24
1.685
10.968
2-1,360
1.216
9,930
26.663
13,764
16,463
same
Stockin first hands
Demerara,
804
1.540
2.087
185
1,699
3,822
6.541
49
3,194
3.377
7,250
Imports oi Sugar & Molasses at leading; ports since Jan. 1.
The imports of sugar (including Melado), and of Molasses
from January 1, 1873, to date, have been as follows ;
at the leading
New York
Boston
...
.
.
Philadelphia.
.
Baltimore
New Orleans..
.
.
Total
*
*H ids.
1872.
1873.
314.772
379.365
62.686
44.719
58.963
31,113
89.362
95,161
,
33,623
32,343
314,739
4’,764
39,517
7,483
503,953
-
>
1873.
535,294
955,398
53,724
517,814
678.554
22 45.)
33,060
6,015
335,618 590,715
+E ags.
1873.
1872.
,
1S72
87.018
37.763
100,354
22,496
79,517
19.793
4,774
6.656
8,400
ports
•Moiaoses. —
Hhds.—-
-Sugar.Boxes.
1872.
1873.
221.772
262,665
6,045
21,913
19.IJ09
15,956
,
5,430
252,393
241,670
....
1,530.266 1,236,114
V
94,6.53
45.277
tneluliner tierces and barrels reduced to hhds.
gall. 55
@87
@6H
@32
35
30
29 @31
IS @22
...25 @50
i;uba Clayed
Cuba centrifugal.,
English Islands
Spices
Cassia, in cases...gold $ lb. 24
Cassia, in mats....
do
Singer, Race and Af (gold)
Mace
do
Nutmegs, casks
do
case Penang
24k !
@
25
....@
10k® 12
....@1 SO
@! 00
I
THE
00@
..
(goid)
Pepper, in bond
(lo
&
Singapore
Pimento,Jamaica,.. (gold)
Sum*
do
Cloves
ra
in bond
....
do
in bond
Clove strum
....
do
do
do
do
....@
;sy@
11X©
6
@
26 k@
....©
U @
GOODS TRADE.
DRY
Friday, P. M., Aug. 8,
There lias been
Brazil.Manila.&c.Melado
bags.
tbags.
hhds.
361
177,973
557,321
56,298
85,559
432.285
27,023
106.615
92.566
83,525
47.711
89.325
1371
627
23,666
269.256
230.007
time, ’72 262,665
Other.
*hhds
22.119
7,755
4,764
since Jan. 1. 22i,772
“
“
P. Iilco.
*hhdt«.
New Orleans new
Porto Rico
Cuba Muscovado
1873.
gradual resumption of business in tlio dry
goods line this week, and the movement at the close is perhaps
a tritie
more liberal than at the time we last wrote.
No general
movement has begun as yet, of course, but the heavy package
buyers from other cities and, indeed, from all of the leading points
of tlio interior, have begun their negotiations, and the staple
fabrics are beginning to move with rather more freedom.
The
finances of the trade continue to be rather more favorable, and
there is
a
a
general belief that the trade will be at sufficient ease
liberally during tlie coming season.
position of the general market lias undergone but little
change since our last, and at the close the tone is for the most
There has been a good
part rather more in favor of the seller.
degree of steadiness in prices on the different raw materials, and
the range of values on goods has been materially steadied in con
sequence.
The recent general revisions in the prices of cotton
fabrics have eased the market down to its proper level, and the
basis of present quotations gives a greater stability to quotations
than they have had for some months past.
to
enable
them to operate
The
Domestic
Cotton
Goods.—The
demand
for
the
heavier
descriptions of brown cottons has been active during tlio past
week, and the sales of full packages have been on a fairly liberal
Of the lighter qualities sales have not been very free,
scale.
although the call is steadily improving. The recent reduction in
prices had the effect of stimulating trade, and the market has
been materially stiffened, so much so^ in fact, that it is regarded
as probable
by many that there will be a reaction to the old
prices. Bleached goods have met fair sale during the week, and
are-strong with a few brands advanced a fraction from what we
last quoted.
There have been no essential alterations in colored
cotton fabrics, and the market remains dull and fairly steady at
the recent revision of rates.
first
hands, and there is
a
.
*
*
Prints are selling more freedy from
fair business doing considering the
Many new effects have been
produced during the month, and some very choice patterns are
Tea.
offeied, but the assortments are by no means complete. Canton
HyBon Sk. & Tw. C. to fair,
Hyson, Common to fair
'23 @ 3S
do
do
flannels are in active demand, and rule firm at full previous ratesdo
Sup.to fine,
Superior to fine.... 40 @
do
do
Ex.i.to fin’st
Ex. flne^to finest
do
70 @ 80
Other cotton goods are without notable alteration.
Uncol. Japan,Com. to lair.,
Young Hyson, Com. to fair. 26 @ 35
do
do
Sup’r to fine...
Super, to fine. 42 @ 60
Domestic Woolen Goods.—There has been a very fair busi¬
do
Ex. f. to finest.
do
Ex. fine to finest 85 @1 15
Oolong, Common to fair....
40 @ 45
Qunpowder Com to fair...
done in fancy cassiineres of the better grades, and no
ness
do
do
Superior to fine....
Sup. to fine.. 55 @ 70
do
Ex fine to finest....
do Ex. fine to finest. 85 @1 10
difficulty is experienced in moving desirable styles of goodsSouc. & Cong., Com. to fair,
Imnerlal, Com. to fair....
23 @ 35
do
do
Suo. to fine
45 @ 55
Sup’r to fine,
The low grades continue to drag upon the market, although some
do
Ex. f. to finest.
do
Exirafine to finest
of the best established makes, which can be relied upon as being
Coffee.
Klo Prime
all they are represented, sell with a fair degree of animation.
gold. SOM®--.- i Native Ceylon
gold. 193,'a20v
do good
gold. 2'> &‘20k l Maracaibo
gold. lS^r-SOjfc
The range of prices continues unaltered, and the market is
do fair
gold. 19k@l9^ J Laguayra
goid.
■„
doordinary
gold. I8k®19
St Domingo
gold.
stiffened by the firmness of the raw material. Overcoatings are
’ava, mats and bags
gold. 22 @23 (Jamaica
gold. 19k®20k
Jivamats.brjwi
gold. 23 @23k I Mocha
@
gold
in good request and rule firm.
Flannels are steadier, with a fair
Sugar
call for full packages.
Hosiery has not shown signs of much
Cuba,inf. to com. refining.... 7 @ 7k I Havana, Box, white
in all
do fair to good refining....
animation as yet, hut is opening and is very firmly held by agents.
9 ra 8>2 1 Porto Rico,refininggrades...
7g@
do
do prime
grocery grades.... Sk© 9k
S%@
do fair to good grocery.... 8w,@ 8%
Brazil,bags
7 © 8'4
Felt skirts open the season with considerable animation, and are
do pr. to choice grocery... 8\@ 9
Manila, bags
7V<@i u
much higher than last year, w-ith prospects of a good business.
do centrifugal, hhds. & bxs.
10k@10k
9^ White Sugars, A
do
do
B
!o MeladOi
4 @ 6k
10K
Foreign Goods.—The operating of assortments has been
da
do
extra C
lo molasses
6\@ 7\
9k©10 *
Yellow sugars
Hav’a, Box,D. S. Nos. 7 to 9... 7>4@ 8
8k& 9%
Crushed
11 @...
10 to 12.. 8k® 8k
delayed in first hands by the fire at the appraiser’s stores, which
9 @ 9k
Powdered
13 to 15.
10
has interfered with importers in getting out their goods. The
16 to 18.. 9Y «lCk I Granulated
@11
19 to 20.. 10K@lO-Y 1
demand has been light, however, and it is not probable that much
Rice.
business has been lost by the mishap, as there seems at present,
fi&ngoon dreg
7Y@ 8k
d, gold In bond 23 | Carolina.
to be few buyers who are ready to begin operations, and only the
Fruits and Nnts.
i most staple goods are dealt in, and to a moderate extent.
The
Raisins,Seedless, nw
12k® 13
frail. 3 75@ 4 00 ’I Filberts, Sicily
' Barcelona
do
do* Layer, new, V box. 2 45® 2 50
.*©1 V2
French importers are holding merinos at higher rates than were
Walnuts’ Bordeaux
8 ©
do
Sultana,# lb
10
12k® 13
Macaroni, Italian
10 @ 11
io
Valencia, $ n>
7k@
8
current last season, but there is no movement in them as yet.
DOMK8TIC DRIKD FRUITS.
do
Loose Muscatels....2 75 @3 00
Apples, State
# ib.
5k®
6
Currants, new
# ft
@
6
Black and colored cotton velvets ara in improved request by the
do
sliced
6 ©
6)
Citron, Leghorn (new)
41 A 41
(lo
"Western
5 @
51
Prunes, French
10 @ 15
manufacturing branches, and plain velveteens are more inquired
do
Southern, quarters 8k@
4)
10k@ H
Prunes, Turkish
do
sliced....
5 @
6
bates
7 @
7
for. Dress silks are very quiet, hut the best qualities of black
do
sliced,
PRICES
b
reduced state of the offerings.
t Includes baskets. &c., reduced.
WHOLESALE
£4
CURRENT.
.
...
.
.
.
,
-V8
1
’4j
L'
1. V, n .4^1
0
.
-
Pics,'Smyrna
8k@ 13
7 59 ©
Almonds, Languedoc
21 © 31 k
do
Tarragona
19 @ 19k
19 " |
do
Ivica
18k
1
do
Sicily, soft shell.. —@
do
;
Shelled,Sicily... 25 @ 31
I
do
paper shell
@
Sardines, f) hf. box,....gold. 22 @ 23k 1
■ardinsi', ♦ or Dox...#gold. 14c @ 14k I
i*'«r.ilNuts, new
?
fl <a
6k;
African PeauutB,
©
# ft.
Canton Ginger, case
....
.
....
fancy
...
Peaches, pared
do
unpared,qrs&
Blackberries
hive
Cherries, pitted
Pecan Nuts
6 @
81
10 @ '12
3k@ 41
7k@
7^
17 & 18
# ft
Hickory Nuts
Chestnuts
@
tfbusli.
do
,
Peanuts,Va.g’dtofncy oil 1 10 @!
do
ar> new
do WiL.g’dtobefl do..
...
...
.
,
>»
1 20 ,1
50
75
65
gross grains and cachemeres are held firmly in first hands.
The
jobbing branches of the trade are uniformly quiet, with the excep¬
tion of the small ware and notion departments which are fairly
active.
We
annex
a
particulars of leading articles of domestic
prices quoted being those of leatung jobber?;
few
manufacture our
'Is
Price.
Brown Sheeting* |
Width. Price.
Denims.
! Utica
35
15*
and Shirtlugs.
25
do Nonp 36
Width. Price.
18* i Amoskeag
19
do
B...
do ex hvy 36
Adriatic.
36
17*
12*
12
! Boston
5-4
do
25
Agawam F... 36
10
21
do
8-4
Albion A
36
37*-40 j Beaver Cr, AA
9*
14
do
9-4
42* Chester D’k B
Atlantic A... 37
13
24*
do
do D.... 37
10-4
47* Clark’s Mills
11*
23
Columb’n h’vy
do
H... 37
12* Wameutta—
14
OHH
36
19
Haymaker....,
Appleton A.. 36
13
22
Otis AXA
do.... 40*
do
N.. 30
11
22
20
do BB
do ....5-4
25
30
Augusta.
11*
17
do CC
Bedford R... 30
8*
25
York
Brown Drills.
Boott FF
36
13*
do S
40
12*
14
Corset Jeans.
do W
48
16* Appleton ....
12*
12* Amoskeag
OonestogoD. 28
10
Augusta
13* | Androscog’n sat
Cabot A.
13*
36
12* Laconia
....
...
78912-4
..
....
....
DwightX..., 30
14
Lyman H
10
11
Y.... 33
Popperell
Stark A
Z.... 36
12
Indian Head.7-8
11*
Prints.
do
..48
19
American
Ind’n Orchard
36
A.'
13* Amoskeag
Bristol Pinks
do
BB. 33
11
Cocheco L
do
C. 36
12
Garner & Co
do
W. 30
10
Laconia B
37 12*-13 Gloucester
do mourning
do
2.... 36
11
do
O.... 39 12*-13 Hamilton
Lawrence A.. 36
11* Hartel fancies..
do
D.. 36
13
| Manchester
do
J.. 36
14* I Merrimac D fey....
r do
W pk and pur,
do
LL. 36
11
do
10
S.. 36
| do Shirtings
do
Y.. 36
12
I Pacific Mills
Nashua E
40
15
I Richmond’s
do
O.
33
12* j Simpson mourning.
do
It.
36
13* I do white grades.
W
do
19
48
Sprague’s fan
do
do
’
Pepperell..
do
Domestic
27*-30
12*
11*
12*
14*
13*
12*
..
*
,
11
11
11
11
13
..
25-27*
10
Cambrics.
7*
7*
7*
7*
7*
7*
7*
Portland—
Red Cross
Smithfield
Victorv H
10*
Spool
Cotton.
Brooks, per doz.
200 yds....
75
11
11
J. & P. Coat’s
10*
10*
72
Clark, John, Jr.
11
& Co
72
Clark’s,Geo.A.
Willimantic, 3
Ging¬
hams.
72
50
72
40
3-4 85-37*
do
do
do
Utica..
Amoskeag
40-12*
45-47*
36
1«*
do
do
do
| Canoe River..
13* I Hallowell Imp
13* Ind. Orch.Imp
I Laconia
Naumkeagsat.
10-11 | Pequot
9* Suffolk
11*
11* i Glazed
11
[ Arcadia
11
t Garner
10* I Pequot
Bates
Caledonia
12*
Glasgow
12*
cord
do 6 cord.
Sam os set
Green & Danjgjg
12
Orr&McNaught'
^2^
SO
12*
Holyoke
35
9*
Sterling
72
32*
48
58
..
..
do fine Non
Gloucester
Hartford
Jefferson
Lancaster
Namaske
25
30
40*
18*
Bl’ehed Sheeting*
and Shirtings.
Amoskeag.A36
do
do
42
46
18*
American
.30-31 00
32 00
Great Falls A.
32 50
Ludlow AA....
33 00
Lewiston
33 00
Ontario A
37 50
PowhattanA..
33 50
do
B..
40 00
Stark A
37 00
do C 3 bush
51 50
Cotton Dnck.
Sail duck, 22in.—
Jizin.—
12
9
14
17
15*
Bags.
Amoskeag
12*
16
Auburn
13*
River Bank
Renfrew
Union
White Manuf’g
17
Arkwri’tWT36
14
Peabody
15
Androscog¬
gin L.— 36.
14
14
36
Co. 13*
Tickings.
Amosk'g ACA.
28-29
A.
do
..B
Bartletts... 31
12
do
.C
do
33
do
13*
..D
do
36
do
14*
17
Cordis AAA. 32
No. 2.
Bates. BB... 36
do
16*
No. 3.
do
45
19
do
No. 4.
B&jlou&Son 36
do
12*
No. 5.
Blacks tone
do
14
No. 6.
AA
36
do
14
No. 7.
Boott B.... 36
do
do C.... 33
No. 8.
do
12*
do R.... 28
32
9* Eagle.
Elmwood
medal. 36
36
19
do
Fruit of the
Hamilton reg.
Loom
36
16
36
Lewiston A..
12
9r’t Falls A 32
do T.B.. 30
do
M 33
11*
do
15
Q 36
Checks.
S 31
do
10* Caledonia,No.8..
Lonsdale.. 36
do
9..
15*
22
i_o Cambric 36
10..
do
N. Y. Mills 36
19
50..
do
25
do
80..
PeDperell. 6-4
do
7-4
do
90..
27*
do
30
8-4
Park, No. 60..
do
9-4 35-37*
do
70..
do
.10-4 40-12*
do
80..
do
90..
11—4 45-47*
do
do
100..
Pequot ... 5-4
Barnsley.
23
20
18
16
23
23
20
18
16
14
13
10
33
.
....
.
•
..
20
20
30
20
16
18
20
.
.
.
.
.
IMPORTATIONS OF
DRY
NEW
Fl’twing
9 to 5
J
30-38
f
I Bear duck (8 oz.)
I do heavy (9 oz.).
22*
26
24
34
MontRavens29in
do
40in.
Carpets.
Velvet, J. Crossley
Son’s
&
best—
2 65
do do A No 1.. 2 55
Tap Brussels.
Crossley& Son’sl 30-1 40
Eng. Brussels. 2 20-2 30
Hartford Carpet Co:
Extra
3-ply
1 42*
Imperial 3-ply.. 1 35
Superfine
1 lu
Med. super
GOODS
95
Body Brus 5 fra. 2 00
do
do
do 1 90
do 1 80
4
3
Bigelow Brus 5 fr. 2 00
do
AT THE
-
4-fr. 1 90
PORT OF
YORK.
importations of dry goods at this port for the week ending
Ang. 7, 1873, and the corresponding weeks of 1872 and 1871
as
follows:
KMTKBXD FOE
COK8CMPTIOH FOE THE WEEK EHDIHG
1871
Pkge.
Manufacture* of wool
2.150
do
cotton..1,705
do
do
Miscellaneous
eilk
flax
524,409
AUG.’7, 1873.
1872—-
,
Value.
1 902,093
1873
Value
Value.
Pkgs.
1,117 1599.126
1.4*7
477,832
770
653 538
668
1,727
387,221
203,774
777
1775,616
400,534
577,441
227,499
386,404
dry good*. 851
Total
7,203 $ 2,671,035
502
4,551 $2,068,302
407.200
212,877
157,061
4,699 $1,953,388
WITHDRAWH FROM WAREHOUSE AMD THROWN INTO THE MARKET DURING THE
SAME PERIOD.
1,117
$451 289
430
172
524
46
140.291
1,764
646.503
211,393
176
1.590
292
163,612
3,010 $1,653,833
109.774
842
458
147
530
102,156
75
$967,613
2,671.035
6,832 $2,675,878
4,651 2,068,302
2.052
Total thrown upon m’k’t. 9,492 $3,638,648
11.383 $4.744,180
do
cotton..
do
do
iilk
flax
Miscellaneous
dry goods.
2,289
7,203
ENTERED F<>R
Manufactures of wool
do
do
00
MW< •dtaneou*
silk
flax.
...
dry goods.
Total
Addeot’dforconsumpt
n
22,840
748
279
466
144
$695,318
163,666
;r 6.408
109,874
24,495
3,277 $1,368,761
7,203 2,671,035
Total entered J t the port. 10.480 $4,039,796
4,699
$435,836
149 331
127,908
120,334
11,474
1,953,388
6,751 $2,798,271
1.582
929
347
387
273
$795,519
993
278, M2
388
207
3 518
$1,680,131
4,551
2,068,302
427.987
116.695
61,748
8.069 $8,748,433
161
122
1,871
4,699
$490,085
M4,684
194.032
48,996
16.722
$861,519
6,570 $2,814,907
Scroll
Hoop..
120 00@ito 00
Sheet, Rus., as toassor.gd 17 @ irv
Sheet, sing., d. & t.,com.,
fi @
Rails, Eng. 9 ton...(gold) 68 00® 70 on
Ralls Am.,at works in Pa. 77 00® 78 00
8 25
...
BREADSTUFF8—See special report.
.
LEAD-
BUILDING MATERIALS—
Bricks—Com. hard...* M
Spanish.ord’yftlOO !bgold.6 *0
4 50@ 9 00
14 00@17 00
“
Philadelphia fronts. »*
“
German.
••
,...@ 1 75
@ l 10
Lime— Rockl’d.com. 98 bbl
Rockland, lump
LEATHER—
00®31 00
00@75 00
00@32 00
00®30 00
....@ 4 75
6 25® 6 75
@700
@ 5 00
Nails—10d.@60d.com9 kg
Clinch, 2 to 3 in. & over
2d and °d fine
Cut spikes, all sizes
crop
*'
88
32
27
26
rough slaughter
Hemlock. B.A
“
0u^
#-caRh,|)TK^
Oak, slaughter,
28
t>5
30
22
Clear pine
Spruce boards & planks
Hemlock bo’rds & plank
62*
/ ..*..@1050
Pipe and sheet
® 1 60
86 D0@S8 UU
Z5 00@30 00
Lumber—Southern pine..
White pine box boards.
white pine mer. bx b’ds
C2u
6 50 @6
6 62*@7
“
28 00® 30 W
Cement—Kosendaie 98bbl
California
“
Orinoco, &c.,
25
rough
33
MOLASSES—8ee special report.
"
NAVAL STORES—
Tar, Washington
4 2534 50
Tar, Wilmington
4 50@4 75
Pitch, city
3 37k@
Spirits turpentine.9 gal’,.
42 '©“iju
Rosin, strained, 9 bbl... 3 (0 @3)^
Paints—Lead, white. Am¬
erican, pure, in oil
@
Lead, wh., Amer., dry.
10*@
12
10V
Zinc, wh.,dry. No. 1.
a*@
9
12
Zinc, wh.. No. 1, in oil.
11 @
Paris wh„Eng98 100 lbs. 2 25 @2 50
g°- J
I)
3 37*@3 75
©3 3U
"
28 ®
28
do Welsh do
do
Western da'ry, packed....
do
store, packed....
..
18
Scranton, July 30 :
7,500 tons steamboat... 4 65 @ 4
18,000 tone grate
4 95 @ 5
7,500 tons egg
5 2? @ 5
32,000 tons stove
5 30 @ 5
10,000 tons chestnut
4 70 @ 4
Liverpool gas cannel.. .16 00 @18
@22
Liverpool house cannel
“
87*
00
35
42*
75
..
00
00
38
40
27*
SO*'
83*
6*
54*@
56*
34*@
6 @
34*
67
*4V
.
gold.
per oz.
Rhubarb, China
98 lb
Sal soda, Newcastle, gld
Shell Lac, 2d& 1st Eng ..
Soda ash
gold
18
17*@
2*@
6 25 @5 37*
40 @
40V
1 10 @
2 60 @
45
49
2*@
Sugar lead,
2*
16*
16 @
U*@
white
Vitriol, blue, common..
9 cwt
plSH—Dry cod
@ 1 00
@ j 00
54
@
11*
5 50® 6 50
Mackerel, No.l,Mas«..shore 22 ny@25 00
Mackerel,No. l.Haliiax.. 16 00® 18 00
Mackerel, No. 1, Bay
@
Mackerel, No.2,Mass.shore 15 50@16 00
Mackerel, No. 2, Bay
@
Vlb
15@
18
7*
12*
ns
@
Naptha
5*©
5*
@ l 25
1 25 @
45
40 @
Jalap
30 V
Lac dye, good &!fine gold zO @
Licorice paste, Calabria.
34 @
41*
28
Licorice paste, Sicily ...
25 @
12
Madder, Dutch.....gold
8 @
8
Madder, Fr. E.X.F.F**
7 @
Quicksilver
Quinine
94
45
55
72
65
40
12*®
’.7 @
9 *@
Refined, standard white.
77*@
33 @
6*@
60 @
Prussiate potash,yel’w.
....
@1 25
....@1 70
74 @ 75
Crude in bbls
COTTON—See special report.
DRUGS & DYES—Alum..
3*@
3*
Argols, crude
gold 16 @ 22
31
irgols,refined
“
25 @
6
Arsenic, powdered
.
5 @
Bicarb.soda
gold.
6 @
Bi chro. potash,S’tch *•
is*
18*@
Bleaching powder... “
2*
2*@
Brimstone.cru.Vton..** 32 50 333 50
Brimstone, Am. roll 98tt
2*@
2*
Camphor, r.rndp
gold
@
Opium,Turk.in bond.gld
....
PETROLKUM-
40
....@
@
27 @
10*
©
44
...©
7C @
63 @
"
yellows..
Whale,bleached winter..
Whale, crude Northern..
8perm, crude
Sperm, bleached.
Lard oil, prime winter...
new
“
“
Caustic soda
“
Cochineal,Hondur.. "
Cochineal .Mexican. “
Cream tartar, prime “
Cubebs, East India. “
Ootch
“
Gambler ....V lb...
“
Oinseng, Western
Ginseng, Southern
©
©
Cottonseed Crude S
@
Castor oil, E.l.in bd,
Chlorate potash ....
bbls.iptn.c'd..,
Crude, ord’y gravity, in
bulk, per gallon
COPPER—Bolts
American ingot
<A
OILS—Olive, in csks 9 gall 1 15
Linseed, cruBherB prices
9 gallon, in casks.......
93
COFFEE.—8ee special report.
(over
12 oz;
.V lb
Braziers’(over 16 oz.)
8
West, thin obl’g, (dom.) 39 50
13*
12
7 @
9 ft
City thin.obl.in
13 © 15
8*@
pale
OH. C4KE-
30
CO AL—
Auction sale of
...
4 00 «4 2S
4 50 ®5 25
extra
OAKUM
30
@
16 @
Cheese (new)—State fct”y
do State dairy,ccmt J fine
Oil vitriol (66 degs).
3 15
pale
“
State.p’ls&t’bs.g’d to fine
8heathmg,
No. 2..
“
BUTTER AND CHEESEBntter (new)—
PHOVT8TOIIR—
Pork mess 9 bbl (new).. 18
Pork, extra prime
15
00
00
10
a
...
® 15 25
®.9 fO
@ 7 00
Pork, prime mess city..18 00
Beef, plain mess
4 00
Beef, extra mess new. 10 OC @13 00
Beef hams, new
25 00 @30 00
Hams, pickled
¥* Tb
13 @
....
8*@
Lard
RICE—See
8V
groceries report.
gALT
Turks Islands ..V bush.
Cadiz
Liv’p’l, various sorts....
SALTPETRE#tb
Refined.pure
32 @
32 @
85
35
@ 3 30
1 40
.18*
6S
3*
....@
Crude
..gold
Nitrate soda....... “
9 ft
8EKI)—Clover
....@
3 @
**©
3
$>bnsh. 4 50 @ 4 75
Timothy
2 00 @2 12*
Hemp, forfign
Flaxseed, Amer’n.r’ph
@ 2 10
Linseed,Cal., IP 56Tb gld
@2 50
8TLK—Tsatlee,No.3 chop^ft. ...ta
Tsatlee, re-reeled
6 75 @ 7 25
.6 50 @ 7 25
Taysaam, Nos. 1 <fe 2
No. 1 5 &7*@
Canton, re-reeled
...
SPELTER-
lb .gold 7 50 @1 75.
11
9 ft
SPICES—See groceries report.
PI ates.for’n .9 100
Plates domestic
ssl-jp
SPIRITS-
Brandy,f’ign b’ds..^ gal.gld3 65@15 00
Rum—Jam.,4th proof. “ 3 75® 5 ?o
St. Croix,3d proof... “
3 25@ 3 50
Gin, different brands . “ 3 00^3 35
Domvttic. liquor*—Cash.
A Icohol (88 per ct)C. &W.1
Whiskey
87*@1 90
-7
STEEL—
23
English,cast,2d*lstqu 9lb
English, sprlng,2d & ist(|U
9*@ 10*
English blister, 2d & 1st qu 14 @ 16*
American blister
@ 11*
American cast, Tool
@ 17
American cast spring
American machinery
American German spring.
FRUITS—See groceries.
GUNNIES.—See report under Cotton.
GUNPOWDER—
Shipping 9 25 lb keg
11
12
®
..
U*@
9 @
SUGAR—See special report.
TEAS—See special report.
HAY—North R.shlp’g.98 lUOlb 953 l
HEMP—Am. dressed.9 ton.189 00@225
American undressed
115 .10® 120
Russia, clean
gold.220 00@280
.9 ft
Manila.current.
10*@
Sisal
8
Jute
2*@
<a
00
00
00
00
8*
4*
HIDES—
j)ry_Buenos Ayr. 98ft gld
Montevideo
Corrlentes
Rio Grande
Orinoco
California
....® 35
.
..© 31*
English
“
....44
Plates. I. C.char. 9 b *• 11 00 @U M
Plates,char. Terne “
9 75 «10 50
TIN—Banca...* lb,gold
**
Straits
TOBACCO—
Kentucky lugs, h’vy (new c) 7*@
9 @ 15
leaf,
“
*•
Seed leaf, Conn., wrprs. ’71. 40 @ »
“
fillers. "72
8 @ 10
“
Pennsylvania wrappers. *71 22
75
to fine
Manufac’d, in“bond, dark wrk.!6
bright work. 20
“
"
<3
@
.«
26
26
24
HAvana, com.
•*
.«
8*
@
@1 10
@ 25
WOOL—
“
**
Pernambuco
16
“
Matamoras..
“
“
@
@
@
<a
•@
lift gold.
is
10
17*
18
14
17
15
15
14
“
,
13*
...@
...@
13 ®
“
17
13*
35
45
_
11
12
14
American.8*»xonyFleece 9*> 50
American. Fuli Blood Merino 49
American, Combing
55
40
Extra, Pulled
No 1, Pulled
80
California. Spring Clip—
Fine,
a
&
....@
12 @
Texas
cur.
Kaet India Stock—
Calcut. city sit. 9 ft gold
Calcutta, dead green “
Calcutta, buffalo.98ft “
HOPS—Crop of 1872.. $1 ft..
Crop of 1871
*•
24
MarAcalbo
“
“
Bahia
Dry Salt.—Marscalbo.gold
Chill
: “
Bahia....
Wet Salted—
Buenos Ayres..
Para
8*
8*@
TALLOW—American9 ft...
@ 4 25
@ 8 75
Min. & Blasting
California
WAREHOUSING DURING SAME PERIOD.
1.648
cotton..
141.800
ASHKS—?ot,l#t sort * 100 »
Crotons
f?!l75*od«iTt«,m
......ill &SI14? S
Bar, Swedes
PRICES CURRENT.
FLAX—North River
The
have been
GENERAL
Nutg’ls,blue Aleppo *•
25
16
18
20
22
24
.
...
...
]
I
22
24
.
...
W’db'ry,
J 4 to 1 *j <40-46
j Druid
I Light duck—
12*
14*
..
...
,
I
[August 9, 1873.
CHRONICLE.
THE
196
.
n*
@
Crop of 1870
12 @ 20
lltON- -Pig. Aim, No.1.98 ton 45 00® 41 00
Pig, American. Lo.2
42 00® 14 00
Pig, American Forge
35 00® 37 00
@W
@60
@46
@85
■»
....
Medium
Common, nnwashed
South Am. Merino unwashed
26 @3.
2i
27 @38
Cape Good Hope,
Texas, fine
Texas, medium
g |g
25
unwashed. 30
Smyrna,nnwathed
9Pft
ZINC—Sheet
FREIGHTS—
STKAM.
To LivsRi'oon: s. d.
n.d.
Cotton....;9 ft
*@7-16
Flour ....98 bbl 4 0 @
li. goods.9P ton 40 0 @50 0
Corn
Pig,Scotch..
45 00® 52 00 | Beef
Bar refined JSng.* Amer
...@
....
unwashed
@ 45
98 bu.
98 tee
13
1*
10*@11
/
*.
BAlL.-t'
$■ »■ *
5-16®
@
...M
};X
@
<A 8
*
•••*
9
...
@
..«•
@FedFRASER