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(tamnml fcw, failwmj pjroitw, and Insurant fanmal
fatto’
A WEEKLY NEWSPAPER. (
representing the industrial and commercial interests
VOL. 11.
NEW YORK, DECEMBER 10, 1870.
Advertisements will be inserted at the following
priest per line for each insertion :
U ordered leu than 4 times
90 cents per line.
*
4 times or more
9
••
<i
“
«
“
“
is
2«
14
.....!.....!ia
“
“
10
g
«•
M
*•
«•
18
W. G. Chittick,
••
And
If the advertisement occupies one column or up¬
wards, s discount of 15 per cent on these rates will be
allowed.
Ipsce is measured in agate type, 14 lines to the
law.
Advertisements will have a favorable place when
ftnt pnt Id, bat no promise of continuous Insertion in
die best place can be given, as all advertisers mast
hsye equal opportunities.
l
Banking Business.
Broker in Mercantile Paper,
WALL STREET,
JAUNOIY COURT.
Reference—Messrs.
ACCESSIBLE
SOUTH
POINTS
0TFor terms
of
14 Wall
Made and promptly remitted for, in New York Ex¬
C.
KAUFMAN,
BANKER AND
BROKER,
SECURITIES,
street, n. y.
P. O. Box 4,208.
Leonard, Sheldon& F oster
BANKERS,
ses
WALL
Dickinson,
25
BROAD
STREET,
Exchange Place,
Cor.
Cammann & Go.,
Bankers and
Brokers,
8 Wall Street, New York,
RsarKise
Business, and give
RSSWffD^SPi10^ ^
EURUHA^E AND Sale
&TATE AND xtAiLttOAD SEC UWDeposlts received subject to check, at sight.
^GOVERNMENT.
liixxr.
0. H. RAYMOND.
Bankers and
5
S. G. & G. C.
Wall
Government Securities, Gold, Stock and Bonds
bought and sold on commission. Accounts received
and late eat allows t on balances, which
may be
checked lor at sight same as at Bank.
A. V.
J. B.
8T'>UT, President Nat. Shoe and Leather Bank
DICKINSON, lata President Tentn Nat. Bank.
PL ATT K. DICKINSON, Member of N. Y. btock ai d
Gold Exchange.
Howard c. Dickinson, Member of n. y. stock
Exchange.
A.. D. Williams & Co.,
STOCK
to
Loan,
New York.
peal estate.
MORTGAGES PROMPTLY CASHED,
jl
Principal* only Dealt with.
’y
w*.
“
SINCLAIR,
A. DENIS’N WILLIAMS. I
Member of the
N. York Stock Exchange
-
^wrninent
and
.
-
Securities, Stocks,
Ronds,
Railroad
6 BROAD
™ and Sail
BTrpr
on
u
Commlwion
stats
street.
the Bonds of the follow*
tturpa
BANKERS Sc
7 WALL
ba.V&Ti-. I^3£ p„“„ anb
JWA&pSr&ti*80* ^ SASO'AVr BAIL
BROKERS,
Kountze
Brothers,
Bailey,
WAU
“
STREET,
.
SPECIALTY’1
Cash paid at once for the above
Securities; or they
will be sold on comm.saion, at sellers
option.
*
and
Individuals,
sub
*UowM lhWo" «
S33SS* “‘•0nu'd Bu*“-
Governments Securities bought and sold.
Henry
Banker and
Meigs,
Broker, No. 27 Wall
Williams
&
Nos. 40 Sc 42
*
Iroua
may b
St.
Member oi New York Stock Exchange,
(Formerly oashler of the Metropolitan Bank, and late
of the firm of H. Meigs, Jr., A Smith).
Offers his services lor the purchase and sale of
4ev*
ernment and nil other Stocks, Bonds and Gold,
Interest allowed on deposits
Investments carefully attended to.
52 Wall Street. New York,
f
x
Deposits received from Banks
GALVESTON
S.
6<
as
STREET, N. Y.
BANKING HOUSE OF
SOOTT AND otTLF bah,
AM>
Co.,
Special attention given to
Southern Securities.
council
E.
such terms
Buys and Sells
Insurance Stocks and Scrips;
also,
Bank Stocks and other Securities.
STOCKS, BONDS and GOLD bought and sold on
COMMISSION ONLY.
*
COLLECTIONS made on all parte of the UNITED
STATES and CANADAS.
^UINCY iuil*
“■kajsCHE8—8 per oent.
BlV£B
^%°AA£^te?^imVBBBAaB0AD
J. P. WILLIAMS,
Member of the
| N. York Stock Exchange.
Vincent &
on
agreed upon.
Conover,
Jr., & Co., No. 8 P.ne Street.
c
Chase & Higginson,
brokers in
St., New York City,
CIRCULAR NOTES AND CIRCULAR
Letters of Credit available and payable in all the
PRINCIPAL cITiE« OP i HE WO tLD; also in the
Cnlted States, Canada and West IndieB.
Current Accounts received
Stocks and Bonds
BOUGHT AND SOa.D ON COMMISSION.
ON
desirable
Duncan, Sherman & Co.,
Telegrai>hi3 Transfers of Money to and from Lon¬
don, Paris, San Fraucisco, Havana, Ac.
BROKERS,
Street,
Money
6$ WALL STREET, NEW YORK,
38 STATE STREET, BOSTON.
ISSUE
45 Wall street,
RAYMOND Sc Co.
FOR
BARING BROTHERS Sc COMPANY.
No. 11 Nassau
JOS. S. bTOUT.
Brokers,
PPLESTpy,
WAii
'
New York.
X. D. FOSTEB.
Barney, Raymond & Co.,
Mtl
*K
New!1 York.
AGENTS
*•0.
’
street,
BANKERS.
Bankers and Brokers.
_
4
»
10
Stout &
BROKERS,
GOLD
And dealers in
Charleston, S* C.
Subscription
Jay 4 ooke Sc Co.
GOVERNMENT
change by
A.
AND
IN
CAROLINA,
CO.,
St., N. Y.
and
Dodge,Kimball & Moore
BANKERS,
PUBLISHERS,
Ith page.
3faW YORK.
Governments. Stocks. Bonds, Gold, Sterling,
Loans negotiated STRICTLY on Commission.
STOCK
ALL
I. It it preserved on file by subscribers, and thus
poeweeisgreat advantage for advertisers, over those
publications which are habitually thrown aside after
perusal.
79 A 81 William
Welling,
(Formerly, Welling, Coffin A Co., Philadelphia.)
v
reffilsr business.
WITI. B. DANA Sc
General
a
Collections
*
1. The CHRONICLE has much the largest olrculaH*n of soy financial publication issued.
t Its circulation extends to business men in BOTH
the FINANCIAL and COMMERCIAL branches, and
tho to a very numerous class oi retired merchants,
sonnsfi men and Investors, who are not engaged In
Transacts
Securities, Scc., Ac.,
Loans Negotiated and Investments made on Favor¬
able Terms.
Orders for stocks and Gold carefully
executed at the Regular Boards. Prompt attention
given to every Branch of the business.
ON
Advantage*.
Charles H.
No. 85 WALL STREET, NEW YORK,
Buys and Sells, on Commi6elon,
Commercial Paper, Sterling Exchange,
Government
NO. 286.
Bankori and Brokers.
Bankers and Br kers.
3.bDcrti0cmmt0-
states"
op the united
Bostwick,
Exchange-place.
NEW YORK
9
BANKERS ANB STOCK, BOND
AND
GOLD COMMISSION
BROKERS,
i*-
Worthington, Blake Brothers 8c TUo.,
N.
W.
Henky C. Hakdy,
Member N. Y. Stock A Gold Exchange.
Fbkdxbick Hardy,
•
Member N. Y. Stock
& Son,
Hardy
C.
BROKERS,
BROKER,
STREET, NEW YORK. »
vl
AND
Particular attention paid to the
NEW YORK.
Duff & Tienken,
15 WALL STREET,
Tienken,
Exchanges.
Stocks, Bonds, Gold and Government
bought and sold.
Foreign Gold and Silver Coin, and fine
Silver Bars, constantly on hand*
Interest allowed on Deposits.,
purchase and sale ol
And
DEALERS
Securities
Gold and
Southern Points.
Bonds and Geld
63
BANKERS AND BROKERS,
COMMERCIAL CREDITS
ISSUED, available In all parts of Europe, Ac BILLS
YORK.
5 BROAD STREET, NEW
York.
TRAVELLERS
ana
OF EXCHANGE drawn In
sums to suit purchwm
also
James C. King 6c Co.,
Cable transfers.
Country Bankers can bo supplied with Bills of Ex
change, in large or small amounts, on the princiD&l
cities of Europe, also with Tickets for Paaaageftom
or to. Europe. Dy the GUION LINE of Mall Steamers
Deposits. Collections promptly
Stocks, Bonds and Gold bought and Sold on
Commission.
ADVANCES
Taussig, Fisher & Co.,
BROADWAY,
Street, New York*
No. 32 Broad
Foreign Exchange.
Deposit.
Interest allowed on current daily balances.
Collections made on all parts of the United States
and Europe.
London.-
BANKERS AND BROKERS,
Bonds, Gold and
Issue Certificates of
Solicit accounts from
Liverpool.
Brown Brothers 8c
Buy and Sell at Market RateB
ALL UNITED STATES
MADE UPON CONSIGNMENTS OP
COTTON, and other Produce to Ourselves or Correspondent*. :<■■.-><<■■■> \
Alex* 8* Petrie Sc Co.,
Guion Sc Co.
BANKERS,
Government Securities, Stocks,
Stocks
Evans, Wharton & Co., Williams 8c Guion,
Wall Street, New
Interest allowed on
56
COMMERCIAL PAPER.
sought and sold strictly on Commission.
_
made.
NO
Sterling Credits,
IN
Stocxs.
Government Securities
attention*
Collections made on all
BOSTON
Buy and Sell Massachussetts and New York 8tat*
especial
have
Securities
STREET,
EXCHANGE ON LONDON.
Stocks, Bonds, Gold and Exchange,
Southern
NEW YORK.
Wm. H. Duff,
John H.
Members of the N. Y. Stock and Gold
STATE
38
Balances.
BROKERS,
AND
AND
DEPOSITS RECEIVED SUBJECT TO SIGHT DRAFT
And Four Per Cent interest allowed on Dally
J:
BANKERS
NEW
8
Wall Street. New York,
52
EXOHANQX,
MEMBXB N. Y. STOCK
Exchange.
BANKER
BANKERS Sc
NO. 4 WALL STREET,
Bills.
Bankers and Brokers.
Bankers and Brokers.
H.
[December it), 1876.
CHEONJCLte.
1:736
NO. 59 WALL
SECURITIES,
MERCHANTS, BANKERS
Co.,
STtlEET,
ISSUE
and allow interest on daily balances, sub¬
ject to Sight Dralt.'
Make collections on favorable terms,
and others,
Knauth,Nachod&Kuhne
BANKERS*
AND
85 BRUHL.
BRJAD ST.
Available In all parts of the world
promptly execute orders for the purchase or sale
Bank of British North
America.
Gold, State, Federal, and Railroad
Leipzig, Saxony,
York,
New
and
of
Commercial and Travelers Credits
Securities.
Kenyon Cox,
)
Hoe a ob Manuel,
V
Wm. H. Hutohinbon, )
DRAW IN SUUIS TO SUIT
principal cities of Germany, Switzerland
England, France, Sweden, Norway, Holland, Bel*
General
Daniel Drew,
Partners.
Special Partner.
Incorporated by Royal Charter.
AGENCY, *7 NASSAU STREET, NEW YORK
all the
Russia, Italy, Spain, Dehmark, &c.
Issue Letters of C redit for Travelers,
gium,
...
BANKERS Si
*
ALEXANDER SMITH
WILLIAM
&
co.,
-BANKER8,
Co.,
Kenyon Cox &
jav&ilahlcia all parts of Europe.
'
COMMERCIAL CREDITS
Europe, China, Japan, the Sait ant
issued for use fn
Indies, and! South America.
JOHN PATON,
West
1
BROKERS,
81 WALL STREET.
ARCH’D
*
Government Securities, Stocks, Bonds
and Gold
,
DEPOSITS received and Interest allowed at best
Current Rates.
GOVERNMENT and STATE SECURITIES, GOLD
RAILROAD ..BONDS* STOCKS*, etc., bought and
Sold on Commission.
ADVANCES made upon approved Securities.
COLLECTIONS made, and Loans Negotiated.
John Pondir,
No. 44
.t.
v
Co.,
AMERICAN
EXCHANGE PLACE,
Issue Circular Letters of
arts of Europe, etc., etc.
NEW YORK.
Credit for Travellers in all
Exchange on Paris.
W. O. 8HXLDOK.
W. B. LEONARD.
W. H. F06TEB.
Leonard, Sheldon &Foster
BANKERS.
No* 10 Wall Street*
Bay and sell Government. State, Railroad and other
advances on
desirable securities, making liberal
same.allow interest on deposits, deal
paper, furnish to travellers
U1 tcurrent In the principal
in commercial
and others Letters of Cre
cities in Europe.
R. L.
Lockwood &
Co.,
LONDON.
*
BANKERS,
Tapscott, Bros. 8c Co.
c»
Transact a General
Rankins bust-
86 SOUTH
including the purchase and sale
Government andStfte Bonds. Rail¬
of
road
Stocks
and
Issue Sight
,
Ronds* and other
securities, on commission.
Geo
J. M. WEITH.
Abentb
Tucker, Andrews 8c Go.
J. M. Weith & Arents,
Late J. M. Weith &
52 Wall Street*
No. 9 NEW STREET.
Rue Scribe, Paris •
Issue Letters ol Credit.
Draw Bills on Paris.
.
Government Securities, Stocks,
Silver coin bought and Sold.
Bonds, Gold and
Special attention given to Merchants orders for
WALL
27
STRE KT/
Co.,
BANK
NEW
YORK.
17
Berdell,
Stocks, Bonds. GotyL
i.L‘
*
Stocks in London, raw
negotlateLoans on same,—
the
BRITISH IC'PSTH
of
AOBlCi,^
J
> S T R EE T. *
NA6S A U
and
payableta
Irei^*
V
•
I’/
a.
-I,
-
.M
m;?,
rT,,
BANKER AJNis
HAW Ja.il is AND
N O. '
Government Securities, Ac.
togbongwaad SoMon Commission. Interest 4ll6Y>
;•
.
,
r
BROKER,
EXCHANGE COURT, EXCHANGE PLACE,
i. '
M
,
T*Demand Dtaffa Si Sccdiand
‘
8
.
Demand and Time BlHs of Exchange,
London and elsewhere bought aqd sold
tar interest, Four Per Cent, allowed on Deposits,
subject to Sight Draft. •'
BANKER Sc STOCK
OP
t,
»
•
Agency
Orders for Purchase and Sale of United States Se*
curltles, Stocks, Bonds and American Gold, Promptly
executed at the usual Commission. -
Theodore
<
Buy and Sell Bonds and
BANKERS,
3,328*
;
BANKERS*
Negotiated.
Caldwell 8c
BROKER,
CO’,
JAS. W* TUCKER Sc
Co.,
DEALERS IN SOUTHERN AND MIS¬
CELLANEOUS SECURITIES,
Loans
STREET, NEW YORK.
Drafts and Exchange payable in all
parts of Great Britain and Ireland.
Credits on W, TAPSCOTT & CO., Liverpool. Ad
ranees made on consignments. Orders for Govern
ment Stocks, Bonds and Merchandize executed.
ness;
NO, 83 WALL STREET, NEW YORK.
<P* O* Box
..
MORTON, ROSE & CO I
-
Edwards,
AND
" “
COMMERCIAL CREDITS*
and Frankfort and
BANKER
Creditfoi *J‘ ,;w *
ALSO,
the negotiation ol
94 BROADWAY.
NO. 8 WALL STREET,
••
-
Available in all parts of the world on
NO. 7 RUE SCRIBE, PARIS,
John Munroe & Co.,
--
♦
BANKERS.
-I
TRAVELLERS,
Railway and other Corporate Loans.
Union and Central Pacific Bonds and Stocks a spe¬
&
ISSUE
•;
rr
,
cialty.
Munroe
T"
(issued and paid free of Commissioa) and lettsn ol
BROKER, '
Government
Bonds, Exchange,
Gold and Stocks,
Particular attention given to
1
CIRCULAR NOTES,
.
In
MdKINLAY.f1*®11"
—
■■■■■■■
■■
Morton, Bliss 8c Cp.,
bought and sold on commission.
York-
No. 40 Wall Street, New
)
.
—
■■
.
*“ BB# A B
Specialittuittongiven
r
oiy-
./£"■- AL«
9
8onth«™«Worfa^f—*
Information oonoemlng then furnttnea*
I
!
tHET^HRONlCLft
ir
i
Western Bankers.
Boston Bankers.
>:
~i i
ji
Southern Bankers.
n4.
ImI.
BANKING HOUSE OF
aitv
io
D<ii.
af
Edward C.
1
(Successors to S. JONES A CO
Dealers In all kinds ot Securities#
Exchange. and Commercial and Traveler*
Anderson, Ir*
Commission
11.; j*
Second National
o^^sssssjst mp ta •“ p"t'#f
.n
»*?
A -r
-
m
' ■*»
»
-5
**
*
Parker 8c. Cobb,
C.
boston.
; v
-
;/-M "jV1
of
‘ U'U'A-
«■; -n 71
CHAS, HYDE
.
Gilmore,, Dunlap & Co.,
7
‘
■:
,)‘ '■■
BANKERS AND BROKERS,
Do a general banking business. Cotton
purchased
on order. “Collections made and
promptly remitted
lor.
New York Correspondents
A Co.
#3,410*300
li
’| V
'li.
«
bought and sold
'I-1 i
V' if1.-
'*=J
*»
Special attention
flven to collections Pres. Chas. the Dickson, Y Pres’t
▲ms H. Bbitton, throughout K. West
'
r-c.
^‘
Morton, Galt & Co.,
BANKERS,.
points and remitted lor on day of payment.
CHECKS ON
.
•v’T'1
S'i?
'
1—rj
-T 7
fll-nfl
FOR SALE
•
•
King
'
•
••'
A.
&
CHARLESTON,
r
-—
^
-
^
Naw York Cobkespondints
First Nat. Bank.
s
,
,
•
■
W. M. F.
"
Key box 4.
California
ALXX. MAOBBTH.
Co.,
-L.
on
Financial and Trust
i
±
t-
--
The
Make Collections, and do
-
-
••-••---■
B
-
•
BANKER,
SELMA, ALABAMA*
■
Special attention to Collection*.
No charge for collecting city paper. •
•;
Refers to Henry Clews A Co., 32 Wall street,
N,Y
a n k
T. L.
8c E.
J
#100,000
-
WM. P.
JNO. W. LOVE, Assistant Cashier.
Correspondent—Importers and Traders National
'•
OFFICE OF
T.
York#
V» ~".*vr
LA,
NO.
OBAVIBR
126
New
IkikA*THEET,
’•* 2
Orleans, La.
Gold and 8ilver Coin,
'
Insurance Scrip,
Bank and Railroad Stocks,
Unourrent Bank Notes,
Land Warrants,
::
State and City Notes,
State and City Warrants
United States Bonds.
Mutilated Currency,
commercial Paper,
•,
on Com—’
mission*
~
Partlcular attention paid to Settlement of State and
7
CityTaxes.
ALABA M A.
;;j
it
-
MV.
t
JnemoTtv*,-
CUmmA O'S
r. «•
■
■
—
-
.
war. FowLisrv li 7“:Vv
Fowler ,8c
~Agricultural College
u »
tt 10 'on til8 most favorable terms. Scrip
WlW*Ii A. GAYLORD Sc GO*
.
^Collections made oh all sceesslble points in
the
Southern States*
*- <•: <.*•*•
■ -~-.t tv
,c* •
?v „*
iflP* WWW attention to the PotohMe and Sale
STREET.
1
7
•
.
*®‘ **»>.
Sbuo-a
Levy,
BROKERS,
--
Samuel A; Gaylord 8c-Co EXCHANGE,.BANKJOTES.AljTD qOl^ BOUGHT
*
...
H.
Bought and Sold exclusively
J. Perkins,
BANKER,
E V F A V
Banking and
"
.
*
General
TH0?K.FERGUSS0N,
Talladega, President.
ARMSTRONG, Cashier.
£ *>o'tuSr YORK CORRESPONDENT:
a
REFER TO EAST IUVBR NATIONAL BANK.
JAS. ISBELL, of
N.Y.
BROKERS,
MACON, GA.
Son,
City
Capital
Trustees i
Castleman,
BANKERS AND
OF SELMA.
■jjWttriir 1 p.v. oPSSfoaoir.
H. CA8TLBXAN
Government Securities, Gold. Stooks, Ac. Bonds
of every description, bought and sold on commission
R. H. Isbell.
; money to loan,
*troi8 Vaults tor Sate Deposit*.
Bank of New
C.
al parts of the United States.
Hawks 8c
STATE OF ALABAMA.
t.<v.Business5 '** j
■
INTEREST ALLOWED ON DEPOSITS
*?** National
Bank,
Stock Broker* and Real Estate
Agent*
COLUMBUS, GEO.
Special attention to collections.
New York CorrespondentHOWES A MACY.
O'
^
SAN FRANCISCO.
m
Walker, Cashier.,
w. N. HAWKS
BANKERS,
BANKERS,
Dealers in. Exchange, Agent*
..-v.::; ,i
A. K.
.
TALLADEGA, ALABAMA,
dlCALIFORNIA STREET,
of the Manhattan Co.
Brokerage Business.
Isbell 8c
b.
h/squMkhviul*.
Sorni|ierville,
BANKERS Sc
j
•
DEPOSIT,
THE UNITED
STATES AND FINANCIAL AGENT.
C. Dewey. President.
A. Wiley, Cashier
BROKERS,
CHARLESTON, S. C.
and Messrs. LOCK-
Trust
♦
Cubbedge 8c Hazlehurst,
Macbeth,
Jambs Isbell.
STOCK. BROKER, J
Third Street, Cincinnati. Ohio.
York.
-
STOCK AND BOND
Hewson,
wnnni: /fu Cincinnati Banka,
noon A Co., New
;
•
Holmes &
'
•
:
Kountze Brothers,
J. M. Weith A Arents.
* •->
■
CKO. L. HOLMKB.
Brokers,
1- -r-
G.
Henry Clew s & Co..
Gaylord & Co.
•»•"
'
-V
DESIGNATED DEPOSITORY OF
8#
In South Carolina made and
promptly remitted for.
THIRD STREET
SAINT LOUIS MO.
-—
’•
OF
POINTS
Refer by permission, In
CHICAGO, to
W. F. COOLB A.UGH, President Union Nat.
Bank,
S,M.
Stack and Bond
F
*
WILMINGTON, N.
COLLECTIONS ON ALL ACCESSIBLE
.
NO. 823 NORTH
Messrs. Wm. Bryce
National'
Collections made
Uncurrent Bank Notes, Bonds, Stocks, Specie Ex¬
change, Ac., Ao., bought and sold.:
—
Individuals and negotiate Real Eatate
Loans, Com¬
mercial Paper, RaQroad Bonds and
Stocks, and other
8^cari0y. fjrry*r,
s^:* £' *7 ii*? .V* ■***![
in*..
s
Samuel A.
—
-i
Kaufman, Raleigh National Bank
NORTH CAROLINA.
C.
Co.,
LOAN BROKERS,
Corporations, Estate* and
NlCJB^BSpNTFresident
„
Bubeuss, Pres’t.
i'*
BANKER AND BROKER,
AND BEAL ESTATE
for
‘
sit-i 4
'•
Chicago, Ill.,
FIPN^AL AGENTS
WlfrmatelnTestments
*
Correspondent r—Bank
First
to
Southern Bankers.
LONDON AND PARIS
v -7
in
Fore
COLLECTIONS MADE at all accessible
N. Y.
E. E.
WesodDomeltieet* Lou1svU1o»
dealers
andaffLocal Securities. Glv^prompt attention
ooliecttons and orders for investment of funds.
“ " •"
>• -••«
■
VICKSBURG, MISS.
.
GOTBBIGttENT BONDS.
.'-jf’1-.>"8 Ij
.
Mississippi Valley Bank)
EDWASb P. Cdstis Cashier
GOLD, SILVER and all kind*
Dealers In
•
•
A BANK OF DISCOUNT AND
1-H
.V'->
5
»-
•
John A. Klein, C. C. Flowtebheb. Geo.
M. Klein
President.
Vice-President.
Cashier.
CINCINNATI, OHIO*
-
.
.
at current rates.
'
'
“ectl. '
u
-
-3 X.
—CwUilvlvO| vviii| v)M
-
West Fourth Street,
w
!•<•••-i
J. W. Wheatley 8c Co.,
Pres’t.
AMERICAS, GA.
.1
108 Sc 110
.,
nissoudi.,
Gapltal paid in
V. A ivl
.-.
and Securities. Prompt attention guaranteed.
New York Correspondents: Lawbxncjb Bbob. A
#200*000
-
ESTABLISHED 1837.
Western Bankers.
• >
-
St. Louis,
n
”>ir: 3aa.fiUiui^.l<. .ua. t7
_
-
HYDE, Cashier.
i—^——■—■————nspwp
—
-
NATIONAL BANK OF THE STATE
and sell Western C|ty and Coun¬
i,‘?'>"1
g-
e..
e
Deposited with U. S. Treasurer to secure
Circulation
and Deposits 500,000.
BANKERS* 36 DEVONRHIRE STREET,
ty l»ai*
*
Special attention given to consignments of Cotton.
Gold, Stocks, Bonds and Foreign and Domestic
Exchange, bought and sold.
Collections promptly remitted for
Orders solicited for the purchase ot s^les of
Produce
Bank,
TITGSVIIiLE^ PENN,,
*
Gapltal
Bar
-
Savannah, Ga#
(•PARIS*
Harcuardt .Andre* Go#,
AND
Merchant,
•!.:
Monroe Sc Go*
▲air "
M{l
■■■-■•
BANKER, FACTOR
Special attention given to collections.
?-> [LONDON,
it
^ ‘
Bober Benton Sc Co.,
The
*.'■
I
4
Page,-Richardson & Co. James X. Brady & Co.,
BilfKW
70 State Street, Boston*
*..
.
BROKERS,
MONTGOMERY, ALA,
Special attention given to purobese of Cotton.
Lancaster 8c
BANKERS AND
CHANGE
STOCK
Co.,
AND
EX*
BROKERS, <
.{..J- ydl J.'iAig. 3a hOitliO OS
No. 1113 Main Street, Richmond* Ta
-..
•»
BROWN, LANCASTER
No. 88 SOUTH
LANCASTER, BROWN
NO. 2
SC
CO.*
STREET, BALTIMORE, MARYLAND
Sc CO^
NASSAU STREET, NEW YORK
OF
30
STREET,
WALL
NEW
YORK
liberal rates, all
Issues 01
GOVERNMENT BONDS,
and Bonds of LAKE SUPERIOR AND
22
for pur
Stock#, Bond# and Gold.
AND MUNICIPAL
LOANS, receive Deposits, subject to Check, allowing
interest, and transact a general Banking Business.
JAY COOKE A CO.
OFFICES.
Paid-up Capital
DIRECTORS
John Campbell, Esq
Andrew Lawrie. Esq.,
Robert Lloyd, E*q-,
Wm.
MANAGERS:
SECRETARY-C. J.
OF
Union Pacific
R’y Co.,
DIVIS ON/
EASTERN
PACIFIC.)
KANSAS
(NOW
A. STEPHENS
BANKING HOUSE OF
Geo. Opdyke 8c
Co.,
paid, as usual on pre¬
DABNEY, MORGAN Sc CO.,
Exchange Place, New Fork.
TRAVELLER’S CREDITS
of
and Clerks of the Bank are
the transactions of any of its
Y„
Europe,
Exchange on Paris and the Union Bank ot London, in
sums to suit.
Credits for Travelers In
Foub
Subscription agents for the Chboniole in
East
8c
8c Co.,
R. T. Wilson
p’yable on demand, orinafter
the
Paris.
Dividends
United States. Canada and Europe.
and Coupons also collected, and all most promptly
accounted for,
the purchase and
and other Securi¬
INFORMATION furnished, and purchases or ex¬
changes of securities made for Investors.
NEGOTIATIONS of Loans, and Foreign Exchange
eflected.
Co.,
BANKERS,
No. 58 WILLIAM
WILSON, CALLAWAY Sc
Check.
Advances maae on
or
approved securities.
Special facilities lot negotiating Commercial Paper.
Collect’-»nsboth ini Mid and foreign promptlymade.
Foreign and Domestic Loans Negotiated
Bankers and Commission
No. 44 BROAD
BANKERS,
If
WALL
Iiini Letters ot
STREET,
Credit for Traveller
Available in all parts oi Europe, etc.,
THROUGH
Merchants,
STREET, NEW YOI.K '
GREAT
WESTERN
RAILWAY OF
CANADA.
Gibson, Casanova 8c Co.
BANKERS'
NO.
50 EXCHANGE PLACE.
tn tbe City of
OF THE CANADA A R
last Division
LINE FROM
State
For Sale at 70 and
Swenson,
THURSDAY, DEC. 15th, 1870.
80
JOSEPH PRICE,
Treasurer,
.
miles.
LITCHFIELD, DANA Sc
BANKERS AND BROKERS,
No. 18 William St*
“Governments,” “Central Pacifies,”
,
Gol
^ounu ‘of
S.'S'mmVwuO. wucltrt *
Interest allowed on deposits.
Government
For sDe at
a
EXCHANGE,
AND BY
NO.
35
BROAD
STREET.
fe
R.
largely to their income by exchanging
Thev are the CHrAPEBT FjJi&Tfor the ab ve.
CLASS .lii at.
RAILROAD Security in the maraet.
STANTON,
R0CI*,JJ~rder1JJ
to running .Sited
The unfluishecl section will be completed
December next.
18 per c-nt. per annum.
J. S.
STREET.
THE MEMPHIS AND LITTLE
138 miles long, is completed and
FRANCISCO.)
gold) BONDS, 81,flat,
8X per cent, per an¬
num.
LAN" GR'NT (7 per cent, currency) BONDS at 69,
flat. 80 years to run; pat 10 per c ;nt per annum.
INCOME (lOperc-. nt) HONDSat 59, flat, 4 years to
NEW YORK STOCK
Perkins & Co..
ARKANSAS issues its BondsAn aid
thousand
payment thereof a special lax is collected an
*
for interest and sinking fund.
nrTr tj*rrjio/D
(MAIN LINE TO SAN
V/VW
ROCK RB. CO
accrued interest, by
BEAVER
FIF8T MORTGAGE 0 per cent
80 years to run; pay about
Holders of
Ac., can add
ENDORSED BY TAB
THE STATE OF
of Railroads-ten
,
Nov. 16th, 1870. >
Union Pacific Railroad.
nn; pay
BONDS,
MEMPHIS Sc LITTLE
will be on exhi¬
)
Arkansas
of
7 PER CENT
BJTPlanb and Specification*
,
It to b*
GALLATIN NATIONAL BANK
NO, 86 WALL STREET,
Agent for the sale of the Bonds.
bition at the office of Geo. Lowe Reid, Esq, Chief
Engl oer, Hamilton, on and alter 28th Novemoer. and
sealed Tenders mar xed “ Tend r tor Cocsiru tlon of
3rd Division Canada Air Line,” must be In the hands
of the undersigned by 10 o’clock on the morning of
Chief Offices,
amounting to
An examination into this security will prove
one of the bes’ ever offered in th s market.
For terms and further particulars, apply
80 MILES..
Hamilton,Ont
Tennets.e,
$4,117,761 10.
CANFIELD,
TO
FOR $3,500,000 ON A
which hus been in succeMlttl
to
Tenders for the Third or
j
STOCKS. BONDS, GOVERNMENT SECURITIES,
FOREIGN EXCHANGE and GOLD bought and sold
ox^tbe most favorable terms.
INTEREST allowed on deposits either in Currency
or Gold, subject to check at sight, the same as with
the City Ban kb.
ADVANCES made on all marketable securities.
CERTIFICATES ol Deposit issued bearing Interest
COLLECTIONS made at aU point* Of the UNION
fUl BRITISH PROVINCES,
■
debt due the State of
prepared to receive
LONDON,
HEessrs.HOTTINGUER Sc CO., of Paris
Also COMMERCIAL < BEDITS and DRAFTS on
LONDON, PALIS, and SCOTLAND.
ADVANCES made on Consignments. STOCKS and
BONDb boagbt and sold on Commission.
1st of January and
The lien is about
$13,000
per mile, which makes lr, with few exceptions, tbs
smallest issued on anyroad In the United States, it
was created for the sole purposa. of paying off the
TO
THK
OB
THE MORTGAGE IS
ROAD 270 miles long,
THR SECOND DIVISION
1 of the CANADA AIR LINE, Tenders for which
are already invited to be in on the 35th November, the
Directors of the Great Wettern Railway are now
ADDITION
1 N
'
CITY BANK,
BONDS,
REDEEMABLE 1909,
operation lor many years.
Government Securities, Stocks, Bonds and Gold
bought and sold on the most liberal terms. Merchant
Bankers and others allowed 4 per cent on deposits
The most liberal advances made on Cotton, Tobbacco
Ac., consigned to ourselves or to our correspondent
Messrs. K GILLIA N & CO.. Livemo'l
SIMCOE
James Robb, King & Co.,
Georgia Railroad
1st MORTGAGE 7 PERCENT
Interest Payable
1st of July,
CO.,
Virginia
New York.
STREET, NEW YORK.
TDealers In Bills of Exchange, Governments, Bonds'
Blocks. Gold, Commercial Paper, and all Negotiable
Securities.
Interest allowed on Deposits subject to Sight Draft
Tennessee,
LATE
COLLECTIONS made on >11 accessible points
Soutter 8c
pledged not to disclose
Customers.
ISSUE
DEPOSITS received from Individuals, Firms, Banks
Bankers and Corporations, subject to check at
sight, and interest allowed at the rate of Foub per
ORDERS promptly executed, for
sale of Gold; also, Government
ties, on commission.
Every description
general Banking Business transacted. The Officers
.
xed dates.
Ser cent Interest,
Worth,
Encashed when issued by clients.
PARIS, LONDON, BOSTON,
19 WILLIAM STREET, N.
(Corner of Cedar street.)
CERTIFICATES OF DEPOSIT issued, bearing
George Ktansdy.
Accounts opened with approved American and other
Foreign Firms or Banks, at such moderate rates of
Commission as shall be considered consistent with
sound mutual advantage.
The Interest upon such
accounts is calculated at current rates on dally bsl.
anceB, and is made up on the 80th June and Slit Dec* mber in each year.
D-mand Cheques and Exchange honored against
approved previous or siraulraneou-i Remittances
Credits opened against First-class Secuntl-1 neeoci^
ble in London. Mercantile aud Marginal Credits are
issued, as also Letters of Credit upon any leadin*
Commercial City.
—
Bowles Brothers 8c Co.,
STREET,
cent per annum.
William Simpson-EMr'1
Jonathan Thorp,Esq.,
James E. Van her, E6Q.,
George Y oung, Esq.
THE GOLD COUPONS
53
NASSAU
McArthur,Esq.,MJP
Wm. McNaughton, Ksa
W:
John Woolmore Duncan | Alfred
Travellers,
Geokge Otdykb,
Wm.
G. Feancis Opdyk*.
,
Henry Vlgurs East, Esq.,
John Hacablock, E=q.#
WUlmarth,
PLACE, COR. BROAD ST., N.Y.,
500,000
05,000
John JoneB, Esq., Chairman.
sentation at the Ba king house of
25
■
President.
A. F.
£1,000,000
•
-
Russell,
Dorr
Due December l, 1870, will be
NO.
-
Reserved Fund-
Archi¬
Vice-President.
Payable in sny part of Europe, Asia, Africa, Austra¬
lia and America.
Draw Hills of Exchange and make telegraphic
transfers of money on c-urope and California.
<NS!s15:tuSbSSli‘“0<,artB»w
Subscribed Capital (50,010 Shares of £20 each).
F.Willmarth, Edgar W.Crowell
THIS BANK NEGOTIATES LOANS, MAKES
COLLECTIONS, ADVANCES ON SECURITIES, AND
DECEIVES DEPOSITS.
Accounts of Bankers aud Merchants will receive
special attention.
FIVE PER CENT INTEREST
paid on Cl RR- > T BALANCES, and liberal facilities
offered to our CUSTOMERS.
BANKERS)
Issue Letters ot Credit lor
Lane), Threw.
(No. 84, Old Bond Street
BRANCH
$1,000,000
Shepherd F. Knapp, Edgar T. Brown,
bald A. Bliss and Dorr Russell.
J. 6c W. Seligman 8c Co.,
CHARTER, A.D. 1955
HEAD OFFICE
BOARD OF DIRECTORS:
William M. Tweed, A.
Bank,
$500,000
Capital
Subject to Increase to
WE NEGOTIATE RAILROAD
NO. 59 EXCHANGE
INCORPORATED BY ROYAL
NEW YORK.
NASSAU STREET,
MISSISSIPPI
RAILROAD COMPANY, and execute orders
chase and sale of
{YORK,
(ORGANIZED UNDER STATE .CHARTER),
M
Continental Life ** Building.
ailiinston.
Bay, Sell and Exchange at most
We
CITY OF NEW
York, Philadelphia and
City
LONDON,’ ENGLAND.
OF THE
Jay Cooke 8c Co.,
U
Bank The
Loaner’s
The
BANKING HOUSE
Naw
Financial.
Finanoial.
Financial.
NO.
[December 10, 1870.
THE CHRONICLE.
740
*
Securities, 6tocks,
Wm. B. Litchfield,
CSASU8 H. Dana,
Bonds snd
je81cJi.T0*»
Wait**Jfi.
i*TgHn*u?i PpwW*
Vi
■ii
:
y
*
wmm
lanto’ fcrtte, (Stomrowiat W%mw>
ftwnMe fmmwl
fates P<mte
NEWSPAPER,
representing the industrial and commercial interests of the united states.
A WEEKLY
deposited as security for currency, and
these bonds for four per cent now securities.
their bbnds
CONTENT 8.
THE CHRONICLE.
Congress and our Business Pros¬
pects....;
The Treasury Documents .....
Changes in the
Re ieeming
Agents of National
BankB
Department Reports.... —
741
743
714
Latest Monetary & Commercial
English News
.
Commercial and Miscellaneous
17 6W8
•
.............
.
...
a.
753
THE BANKERS GAZETTE AND RAILWAY MONITOR.
Money Market. Railway Stocks,
U. 8. Securities, Gold Market,
Foreign Exchange, New York
City Banks, Philadelphia Banks
.
NO. 285.
SATURDAY, DECEMBER 10, 1870.
VOL. 11.
National Banks, etc.....,
-
Snotations of Stocks and Bonds
ailwayNews
.
759
760
Railroad, Canal and Miscellane¬
ous
Stock List
761
We need
scarcely discuss the details of this measure to show that there
is not the remotest prospect of its becoming a law. Indeed,
the session is so short and the pressure of public business is
so great, that we may rest assured no bills involving currency
contraction or threatening danger to the money market will
be likely
to be passed.
It were, however, to be
,
wished
755
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
763
Breadstuffs.,
the
that
the
762 I Groceries
765 | Prices Current
introduction
ous
crude
766
Dry Goods
768
771
to change
facilities
into
financial
curtailed which allow
house of such numer¬
as have
consumed the
were
either
measures
National legisla-
time, and disturbed the equanimity of our
for several years. Never in any country or in any
deliberative assembly have such a multitude of wild financial
tors
$1)t CljrontcU.
Satur¬ schemes and absurd monetary crudities been placed on record
day morning by the publishers of Hunt's Merchants' Magazine as those we find embalmed in the reports of Congress during
with the latest news up to midnight of Friday.
the last decade. If the waste of time were the chief evil
Thb Commercial and Financial Chronicle is issued every
chargeable against such schemes, there would be sufficient
reason to urge that some check should be put on their pro¬
ForOne Year
$10 00 moters.
But the trouble is, that when these financial pro¬
For Six Months
6 00
IAsChbomclk will be sent to subscribers until ordered discontinued by letter. jects are embodied in a bill and proposed in Congress, they
Pottage is 20 cents per yeary and is paid by the subscriber at his own post-office.
WILLIAM B. DANA,
derange the delicate, sensitive mechanism of the money mar¬
f
WILLIAM B. DANA A OO., Publishers,
Jbmn e. FLOYD, JB. f
79 and 81 William Street, NEW YORK.
Post Office Box 4,592.
ket, and thus throw the business of the country into confu¬
Mr. Alex. Holmes is Agent for Soliciting Subscriptions out of New York City sion.
Suppose, for example, that Mr. Sumner’s bill, above
referred to, were likely to become a law by the first of Janu¬
The Publishers cannot be responsible for Remittances unless
ary, what would be the result? The first blow struck by
TERMS OF SUBSCRIPTION—PAYABLE IN ADVANCE.
ForTra Commercial and Financial Chronicle, delivered by carrier
toeitysubscribers,ana mailed to all others, (exclusive of postage.)
made
by drafts or Post Office Money Orders,
tSTA neat cover for holdi
ling current numbers of the Chronicle is sold at the
Jill also be bound for $1 —
Office for $l 00 Volumes will c
25.
.
this
measure
would reach the banks.
These institutions
alarmed, and, with their usual timidity, they
would make some arrangements to meet the contingency,
CONGRESS AND OUR BUSINESS PROSPECTS.
and they would do this with little regard to their dealers, in
The opening of the short session of the Forty-first Congress comparison of the profit or the safety of the bank. The
has failed to supply the expected stimulus to speculation in consequence would be some curtailment of the facilities that
Wall street. Certain watchful observers had anticipated that the banks had previously offered to the public. Sixteen
as usual a
large number of sweeping financial measures would hundred banks in every part of the country would be set in
have made their appearance in both Houses, and that before operation, and would carry out, more or less, the policy of
now we should have had a notable
perturbation of the mone¬ contracting the monetary accommodation and lessening the
tary equilibrium. With this expectation some of the money business facilities of the mercantile community. Such would
lenders made their arrangements to take advantage of any be the first result of Mr. Sumner’s bill, or of any similar
derangement of the loan market, and in consequence money, measure which, by acting on the banks, sets in motion an
.from artificial causes, has been rather more active than for impoverishing mechanism all over the continent, and converts
some weeks
past. The reception accorded to Mr. Sumner’s every bank into a machine for contracting the credit and
bill, both in the Senate and by the public, will, we hope, fettering the business of our industrial population. The same
prevent any troublesome influx of similar pernicious measures, illustration might be applied to the other provisions of the
and will save our
people from the anxiety and incertitude bill, especially to those which aim at lessening the volume of
which such bills seldom fail to produce. This bill is not paper money. Enough has been said, however, to justify the
only one of the most needless and complex measures, but it proposition that some impediment should be contrived by
is
manifestly premature, unjust, and impracticable. Its Congress and some barrier raised against the inconsiderate
professed design is to stop the replacing of rautulated introduction of rash financial measures. For if any bills are
currency,
so as to contract the
and to
prepare
volume of
our
paper money,
the way for specie payments by compelling
the banks to hold all the
specie they receive for interest
on
would become
proposed and discussed in Congress with
are
a
probability, how¬
small, of their becoming laws, the effects likely to result
always discounted beforehand, and the harm done in this
ever
THE GHBONIOLE.
742
<v
•<.
~ Tvf*
a,
way cannot easily be compensated. In moat popular govern¬
ments of modern timesr there are certain: fundament^ ques¬
[Deoember le, 18T9.
rate of interest.
Substantially the same views are adrocated
by the President, who in concluding his message, says uth*
tions which are protected from tfce attacks of hasty, crude policy of the administration is a thorough enforcement
of
every law; a faithful collection of the tax provided for; econ¬
legislation by “constitutions” or by other expedients. It
would contribute to the stability of our currency and to the omy in the disbursement of the same; a prompt
payment of
smooth operation of our financial machinery if all funda¬ every debt of the nation ; A reduction of taxes as
rapidly as
mental measures touching specie payments and contraction of the requirements of the country will admit—reduction of
the currency were placed under some judicious restrictions. taxation and tariff to be so arranged as to afford the
greatest
relief to the greatest number.”
Congress., by a joint resolution, once applied this method to
the volume of the greenback currency, and gave a check to
The report of the Secretary and the
accompanying docu¬
ments are so interesting and important, and have been so
some of Mr. McCulloch’s
contracting operations. And the
arrangement was so successful that it will be a gratifying sign well received, that we give up to them a large part of our
of the times if by tacit agreement in Congress it could be paper to-day. Hereafter we shall have much to say of the
repeated and its benefits extended to other topics of financial gratifying features of these very able State papers. Now it
and monetary legislation.
: is incumbent on us to refer to two or three things to which
_
Jor the present then and during the current session as we exception has rightly been taken. And, first, as to the pros*
said the financial situation is not likely to be disturbed by peot of replacing by a four per cent loan the
outstanding
Congressional interference. This assurance is the more five-twenties. Mr. Boutwell thinks that if we do not go on
important because in the absence of such interference the buying up our old bonds at the rate of four or five millions a
existing monetary ease is likely to continue. * Usually at this month we shall not be able to negotiate new bonds at a lower
time of the year we have an active money market not unac¬ rate of interest. This opinion he rests on the principle that
companied by spasmodic and jerky movements. This adverse the credit of a Government, like the credit of an individual,
and mischievous state of the money market is well known to is improved by making its paper scarce in the market, and
be due in part to the inelasticity of our banking system and that in this way the credit of the United^States is raised in
it has been averted this year
‘
by various causes and especially Europe by the buying up of our bonds; and not only so, but
by Mr. Bout well’s excellent management of the Treasury. the surplus in our Treasury which renders possible such
Should the banks be compelled to reduce their currency in purchases gives increased stability to the confidence of
New York as Mr. Boutwell recommends this chronic inelas¬ foreigners in the National- Government. Now this argument
ticity would be corrected, but we can scarcely expect of Mr. Bout well’s is by no means generally approved by our
that the reform will be consummated before next year. most thoughtful men. The market for our national securities
Meanwhile there are certain facts which give assurance of is not so easily operated on by such considerations as are
an easy money market until
the opening of the spring trade. involved in the purchase of fifty millions a year out of an
For example, the currency balance in the Treasury is
large, aggregate of 1,500 millions. Still Mr. Boutwell thinks that
and should there be any sudden scarcity of greenbacks, Mr. but for the war in Europe he would before now have made
Boutwell would doubtless apply a remedy by buying an progress with his foreign negotiations of a 4 or 4£ per cent
extra amount of bonds with his accumulating balance.
In loan; and to meet the difficulty he asks Congress to authorize
any case, the fear that he will do so, prevents the tight-money the issue of 800 millions of five per cent bonds, with interest
speculators from using the artificial means for disturbing the payable quarterly instead of semi-annually. This recom¬
loan market, by which, for the last three or four years
past^ mendation will probably be left for the action of the Fortythey have reaped such large profits. Moreover, the drain of second Congress; and if peace should previously be estab¬
currency to the South and West is smaller than usual, and lished the reason assigned for the enactment of this new
the amount of capital seeking investment in Wall street is facility will be partially removed.
We have frequently proved that our National Treasury
unusually large. Hence, we have most of the conditions for
an
easy loan market, and abundant promise of a favorable ought to be able to negotiate its 4 per cent bonds at par, and
the resources of this country are so vast as not to need the
opening of the spring business.
purchase of a "few millions per annum of a debt which is
THE TREASURY DOCUMENTS.
relatively so much smaller than those of England or of
If it be unwelcome task for the government of a great several other of the European nations, which never think of
nation to meet the people with the announcement of a deficit bolstering up their credit by means of buying up their obliga¬
in the finances ; the' duty of Mr. Boutwell in preparing his tions in open market.
Although, therefore, for other reasons
report for Congress this year was a very pleasant one. He we warmly advocate and have always approved the policy of
presides over an overflowing treasury ; the country he says is paying off our public debt, still the process, however valuable
"‘prospering, the revenue is ample, the premium on gold has and necessary for other purposes, can have but little influ¬
been reduced to an average of 15.2 per cent against 32,9 on ence in the direction which Mr. Boutwell seems to suppose,
theavefrage ofthe year 1869; he has diminished the public debt and will render him but slight aid in the project of floating
$119,251,240 during the twelve months ending 30th Novem- in Europe his four per cent and four and a half per cent new
ber, and since he took office the reduction is £191,151,665 bonds. If tbis be so then one obstacle will be removed to
involving a decrease of interest of ten millions a year. More¬ the further repeal of unpopular taxation. Congress seems
over, the income of the Treasury has been and is still so large, determined on this policy, and the people demand it. We
that he expects to pay off at least fifty millions more of the have already paid off a larger part of our national debt than
public debt during the current year. From these facts, the under the old Sinking Fund would have been redeemed in
Secretary draws the conclusion that the financial condition of ten years. If we pay considerably less this year than Mr,
the country has improved during the past year; that we ought Boutwell proposes, and so graduate our taxes as to lessen
to continue, with as little modification as possible, the exist¬ their pressure, we may perhaps subserve public interests o
ing fiscal system, whose productiveness is so large; and that a much more precious character, and contribute both to the
we must
especially keep up our taxation to a level that will growth of the wealth of the nation and to the development
provide a proper surplus for an annual reduction of the debt, of its productive power. In support of this reductidtf o
as an essential condition for replacing our bonds at a lower { taxation it is urged that Mr. Boutwell mistakes when
“
’
•
he
people
productive,
iH;:.
should be carefully avoided. Everybody knows
that if we were at specie payments we might escape most
pf the currency troubles which now afflict us. Hence many
people suppose that the nearer we get to specie payments
the better for us, and that every downward movement in
gold is not only a great public benefit, but a positive gain to
the individual citizen. Now this is not strictly true. It is
disproved by facts. All history and all experience combine
Treasury Department,
Sir: The financial condition of the ^country
the past year.
The average rate of gold for the
Dec. 6,1870.
has improved duing
year 1869, as shown
premium, and for the first eleven
cent premium, indicating an im¬
provement in the value of the paper currency of about seventeen per
by weekly sales, was 82.9 per cent,
months of the year 1870, 15.2 per
cqnt.
path to specie payments is very dangerous,
and that an inflated depreciated currency cannot approxi¬
mate to a specie basis without causing much industrial dis
And for obvious reasons,
tress and commercial disaster.
moreover, the mercantile peril increases, the smaller the pre
mium, and the nearer in view is the goal of specie payments.
Ten per cent, it is said, is not a heavy premium on gold. It
is apparently not a large margin to pass over. But we may
be well assured that the perils of this last ten per cent are
not to be despised.
England, during her bank suspension of
almost a quarter of a century, found it required several
years to gain a currency appreciation of ten per cent. Among
ourselves the fall in gold is a calamity to multitudes of per¬
sons all over the country, whose business is deranged thereby,
and whose crops or other products are thus lowered in price.
Instead, therefore, of citing the late rapid decline in the pre¬
that the
show
to
THE TREASURY.
ANNUAL REPORT OP THE SECRETARY OP
in regard to the movements in
gold which
1.7468—The
JOtpartmeni Reports.
prosperous because gold has fallen
are
claims that the
and because the taxes are
There is a common fallacy
■
743 :
THE GHBONIOLE.
10,1870.]
From the first day of July, 1869, to t e 30th of June, 1870,
inclusive, the public debt, as shown by the warrant account, was re¬
duced in the oum of $101,601,916 88. From the first day of Decem¬
ber, 1869, to the 80th day of November, 1870, inclusive, the reduction
was 119,251,240 58, as shown by the monthly statements of the public
debt; and the total reduction from the 1st of March, 1869, to the 1st
of December, 1870, was $191,154,766 86. The consequent reduction
in the interest account is at the rate of more than $10,000,000 per an¬
The receipts for the fiscal year ending June 80,1870, were as
From customs, $194,588,874 44; internal revenue, $185,128,859 87 ; sales of public lands, $8 860,481 76 ; miscellaneous
num.
follows:
$28,237,762 06; total, $411,255,477 68. The expenditures
period were: For civil and miscellaneous purposes,
$69,284,017 16; War Department, $57,665,775 40 ; Navy Depart¬
ment, $21,78^,229 87 ; Indians and pensions, $31,748,140 32; interest
on thejpublic debt, $129,285,498; total,[$309,658,560 76. This statement
exhibits-a surplus applicable to the payment of the public debt, includ¬
ing the amount pledged to the sinking fund by the Act of Feb. 25,
1862, of $101,601,916 88. The receipts for the first quarter of the
present fiscal year Were, from customs, $57,729,473 57 ; internal rev¬
enue, $49,147,187 92; sales of public lands, $842,487 67 ; miscel¬
laneous sources, $7,882,181 69; total, $115,101,280 75. The expen¬
ditures for the same period, excluding payments on account of the
sinking fund, were : For civil and miscellaneous purposes, $18,207,242 49 ; War Department, $10 218,638
36 ; Navy ^Department,
$4,815,287 58; Indians and pensions, $18,825 451 89 ; interest on
the public debt, $39,496,450 51 ; total, $86,562,920 88. The estimated
receipts for the remaining three-quarters of the present year are as fol¬
mium as a cause of prosperity, we may rather regard it as lows: From customs, $128,000,000 ;} internal revenue, $98,000,000;
sales of public lands, $2,000,000 ; miscellaneous sources, $16,000,000 ;
partaking of the nature of a tax levied on
total, $244,000,000. The estimated expenditures for the same period
are: For civil and miscellaneous purposes, $54,000,000; War Department,
pressure of which is so severe as to justify
$80,000,000; Navy Department, $15,000,000; Indians and pensions,
the burden of other parts of our fiscal system.
$24,600,000; interest on the public debt, $80,000,000; total, $203,500,000.’ Showing a balance applicable to the payment of the public
debt, including, however, the amount payable on account of the siukiog
CHANGES IN TIIE REDEEMING AGENTS OF NATIONAL BANKS. fund, of $69,088,809 92. Iu estimating the expenditures for the next
The following are the changes in the Redeeming Agents of National fiscal year I have inluded the sum of $24,500,000 properly chargeable
to the,current revenue as an appropriation under the acts of February
Backs for the week ending Dec. 8, 1870. These weekly changes are
25,1862, and July 14, 1870, relating to the sinking fund. Although
famished by, and published in accordance with an arrangement made the language employed
in those acts is not the language commonly used
with the Comptroller of the Currency.
in appropriation bills, it still has the force and effect of a permanent
appropriation. I therefore so treat it. There will be required also the
sum of $4,866,983, being the amount answering to the interest on the
REDEEMING AGENT.
NAME OF BANK.
LOCATION.
capital of the: sinking fund, as represented upon the books of the
The First National The Ninth National Bank of New York
Hastachusetts—
Department. This sum I have included in the estimate of expendi¬
Bank.
Winchendon.
approved in addition to the National tures for the fiscal year ending June 30, 1872. Upon this basis I sub¬
Bank of Redemption, Boston.
mit the following estimate of receipts and expenditures for the next
The Teutonia Na¬ The National Bank ef the Common¬
Louisiana—
tional Bank (new
wealth, New York, approved.
bank).
The National Bank The Planters’ National Bank of Louis¬
ville approved.
of Somerset (new
Kentucky—
Somerset.
New National Banks.
List of banks organized,
under act of July 12, 1870, since December
1,744—The Merchant®’ National Bank of Burlington, Iowa.
ENDING JUNE 80
EXPENDITURES FOR THE YEAR
1872.
RECEIPTS.
$175,(K)0,0C0
128,418,000
- 8,000,000
16,000,009
$320,418,000
From customs
From internal revenue
From sales of public lands
From miscellaneous sources
capital, $100,000; paid in capital, $60 000. T. W. Barhydt, President;
Cashier. Authorized Dec. 2, 1870.
1,746—The Hastings National Bank, Michigan. Authorized capital, $60,000;
paid in capital, $60,000. Andrew J. Bowne, President; Frederick N.
,
.
Calloway, Cashier. Authorized Dec. 8.1870.
City National Bank of Chattanooga, Tennessee. Authorized capi¬
tal, $100,000; paid in capital, * 60,000. Pleasant M. Craignides, PresideDt; David C. McMillin, Cashier. Authorized Dec. 6, 1870.
Teutonia National Bank of New Orleans, Louisiana. Authorized
capital, $200,000; paid in capital, $100,000. Rudolph Sieg, President;
M. Wagner, Cashier. Authorized Dec. 5, 1870.
National Bank of Somerset, Somerset, Kentucky.
Authorized
capital, $60,000: paid in capital, $61,360. M. Elliot, President; W.
Woodcock, Cashier. Authorized Dec. 8,1870.
—All the Railroads
EXPENDITURES.
Authorized
/
«
ESTIMATED RECEIPTS AND
Total
Official No.
‘
fiscal year.
bank).
1,1870:
-
for the same
the people, the
the relaxing of
New Orleans.
.
sources,
$3,268,966 84
17,238,165 50
Legislative establishment
Executive establishment
Judicial establishment . ■
Military establishment
Naval establishment
Indian Affairs
Pensions
—
Public works
Postal service
Miscellaneous
Permanent appropriations
Hinkine fund
.
Interest upon capital of sinking
...
<
fund
2,848,750 00
28,488,194 00
20,045,417 77
5,021,569 03
80,000,000 00
22,838,278 87
4,694 88 1 00
14,805.428 60
182,528,234 00
24,500,000 00
4,866,933 00
$309,639,819 61
Total.
REDUCTION OF THE DEBT.
leading from New York and Norfolk to Lynch¬
burg, and those connecting New Orleans, Mobile, Montgomery, Macon,
According to this estimate there will be a surplus applicable to the
Gg., and Atlantia, and Nashville <b Memphis met in iconvention, at payment of the principal of the public debt, io addition to th.e pay¬
Lynchburg, on the 1st instant, and adopted very important measures ments made on that account through the sinking fund of $10,778,680
looking to the increase of the facilities for business over the Virginia 89. An analysis of the expenditures develops facts tending to sustain
A Tennessee Air Line route. It was
agreed to run a double daily the opinion that the balance will be considerably larger than appears
passenger train after the 1st of May next, with only one change between from the foregoing estimates. The sum of $22,888,278 87 is the esti¬
Now York and New OKLeans and intermediate points, and schedules mate for
public works. The appropriations for these objects for the
were
adjusted and put into operation, which will deliver freight from present year are less than $12,000,000, and it is reasonable to presume
Rew York to Nashville and other points of equal distance in about 120 that the appropriations for the next year will, not much exceed that
hours, or five and one half days.
amount:
It is believed, also, that the estimates made by the several
’
!
Committees were appointed who will mature other;>important departments for the different branches of the public service are for the
measures. The importance of this Convention may be judged by the maximum amounts which will be required under any*tircumBtances.
character of those
composing it. The Lynchburg Virginian says that If isuch is the case, there will remain on the 30th of June, 1872* unex¬
f®e..of its members alone represerted interests to the value of.<fifty pended balances to be covered, into the Treasury. It may, therefore,
millions of dollars; and adds that It ia fortunate and
auspicious this be reasonably anticipated that the total reduction of the public debt
movement has been inaugurated.
{-during the next fiscal-year, including payments on account of the sink¬
h The
meeting was harmonious, and promises to be productive of the ing fond, will be about $50,000,000. It is a noticeable fact that the
rot of results.
estimated expenditures for the next fiscal year, including payments on
.
j
744
THB CHRONICLE.
[December 10,1870.*
account of the
sinking fund and for the interest on the public debt are I cannot overstate the importance of snch legislation as will
secnr
nearly equal to the receipts ae to justify and demand the greatest revival of American commerce.
caution in dealing with the revenues and business of the
LIGHT-HOUSES AND COAST 8URV1V.
country. It
is apparent that a disaster, or even a serious check to business, would
The report of the Light-house Board sets forth in
detail the diffi l
reduce the revenues below our
necessary expenditures. It is appa¬ ties which have arisen in that branch of the public service
fromuT
rent, also, that the prosperous condition of the country is largely due operation of the fifth section of tbe net of
July 12,1870, making an
to the revenue system
inaugurated during the war, by which manufac¬ priations for the Legislative and Executive expenses of the Govflrn«T°I
tures and the mechanic arts have been extended and established. This for the
year ending June 80, 1871.
The legislation asked
policy cannot now be rashly abandoned, or suddenly and radically Board seemed to me to be necessary. The report of the for bv th*
Superintend
changed, without great injury to business and labor, and serious conse¬ ent of the Coast Survey irives a brief but
satisfactory statement of th
quent losses of revenue.
progress made duriog the last surveying year.
We
so
FUNDING
The
K
U.
i
THE
DEBT.
INTERIOR PORTS OF ENTRY.
in
Europe has rendered it impracticable to refund the
national debt as authorized
by the act approved July 14,1870. A por¬
tion of the paper has been
manufactured, and the preparation of the
plates has been so far advanced that whenever a favorable opportu¬
nity arises the loan may be offered and the bonds delivered without
delay. Inasmuch as the war in Europe and the consequent demand
for money makes it doubtful whether the 4 and
4$ per cent bonds will
be taken, it seems to me wise to authorize the issue of three hundred
millions additional of bonds
bearing interest at the rate of five per
cent.
The interest can be paid quarterly without inconvenience, and
I therefore
respectfully r*commend that the Loan act be so modified
that the payment of interest
may be made quarterly instead of semi¬
annually. Should these recommendations be approved by Congress,
it is of great importance that an act
authorizing the changes be passed
war
without
On the 1st day of October last, regulations were
issued concerning
the transportation of merchandise from the
ports of importation to ce
tain other ports in the United States without
appraisement or
tion of duties at the port of arrival,
agreeably to the provisions of th"
act entitled “ An act to reduce internal
tax,
tor
lianid/’
and
delay.
%
CURRENCY
Since the 1st of
BALANCE—NATIONAL
BANKS.
July the
currency balance in the Treasury has been
unnsuailv, and for immediate purposes unnecessarily large. The act
CUSTOMS, RECEIPTS
posed
extreme
to the
portions of the country to the commercial and financial
centres
injury of business generally. The province ot a bank is to lend
money, and its proper duty is, by loans and discounts, to facilitate and
develop business in the neighborhood of its location. As a flatter of
fact, uuder the present system, banks are agencies by which capital is
gathered in and sent away to distant cities, there to be loaned on call
and used for speculative purposes.
Complaints are made from all
parts of the country that the bills of the national banks are worn and
defaced to such an extent as to be no
longer fit for circulation. As
many new banks are
session of Congress, I
to be organized
under the law of the last
respectfully recommend that an appropriation be
made and authority given for the issue of new bills
upon such paper
and in such form as may be designated
by the Secretary of the Treas¬
ury. The Controller of the Currency, in his report for 1869, recom¬
mended the establishment of an
agency in the city of New York, under
the control of the national banks for the
redemption of their issues.
soon
The substance of this recommendation seems to me not
only proper
but necessary. The expense should be borne
by the banks. Coupled
with these recommendations I take this occasion to
say that the banking
system of the country appears to be well managed, and to answer
reasonably the purposes for which it was established. It is, no doubt,
true that Treasury notes, representing an
equal amount of the public debt
without interest, are the most economical circulation for the
government;
but it should he considered that the banking institutions of the
country
agencies by which business is established and fostered. Upon the
whole the system of banking should be extended only for the
purpose
are
of
(i:
meeting the demands of business
but when the demands are
urgent the concession should be made upon the ground that the pros¬
perity of business is more important than the mere saving of interest
ariemg from the circulation of Treasury notes, excluding redeposits.
The amDunt of gold and silver deposited at the mints and its several
branches during the last fiscal year was 180,408,788 10 ; the coinage
for tbe year was $24,636,011, and the value of gold and silver bars
stamped was $8,748,862 91. I respectfully ask the attention of Con¬
gress to the bill prepared in this department, and submitted at the last
session ; and to the accompanying report relative to the mints and the
coinage system of the country. The bill was prepared with care, and
it has since been submitted to the criticism of a large number of practi¬
cal and scientific men, whose views have been published by authority
of Congress.
During the year the several branch mints and assay
offices have been visited and examined by Mr. Knox and Dr. Lindermann.
The assay office at Boise City, Idaho, is nearly completed, and
will require a small appropriation for the commencement of business.
Provisions should be made for the redemption of tbe bronze and other
tokens issued by the government. The report of the Commissioner of
Mining Statistics for the year 1869 has been printed since the close ot
the session in July last, and that for the year 1870 will be made
during the winter. The continuance of the work appears to be a matter
of national importance. The proportion of American vessels engaged
in foreign trade has not increased relatively during the year, al¬
though there has been an actual increase in the entries of American
vessels at the^orts of the United States amounting in the aggregate
to about 180,000 tons.
Tbe total tonnage engaged ill the foreign trade,
entered at all of the ports of the United States, has increased from
5,588 000 tons in 1869 to 5,967,000 tODB in 1870, but the proportion of
American tonnage remains, as in 1869, at thirty-six per cent.
With¬
out undertaking to specify the means by which it is to be accomplished
;
AND EXPENSES.
The Appropriation for the expenses of
collecting the Customs revenue
under the act approved May 81, 1866, is at the rate of
of
July 12, 1870, authorizing an increase of national bank notes, im¬
upon the Secretary of the Treasury the duty of providing for
the redemption of equal amounts of three
per cent, certificates.
The
certain, though prospective decrease in revenues, both of coin and cur¬
rency, made it my duty to reserve a sum sufficient to enable the De¬
partment to comply with the law without resorting to extraordinary
means.
Happily, the financial condition of the country has not been
unfavorably affected by the accumulations in the Treasury. During
the year ending Sept. 80, 1870, the national banks
paid in interest the
sum of $6,486,172 60.
It is estimated that of this sum $2,Oi 0,000
were
paid to private parties. I cannot doubt that the practice of pay¬
ing interest, except upon balances due from one bank to another,
is a means by which large
amounts of capital are diverted from the
other purposes”
approved July 14,1870. A copy of the regulations will be trans
rnitted to Congress.
In the nature of the cases, the regulations are
stringent, but when the railway companies shall have given the bond
required, and the importing merchants of the interior cities shall
have
made arrangements for the
importation of goods upon the basis of th
act, I am satisfied that no serious difficulties will arise,- either to
th*
railways, the merchants, or the Government. Without’doubt, the act
increases the opportunity for the introduction of
foreign goods into ths
country, in violation of revenue laws ; but the examination which I
havs
given to the subject, in tbe preparation of the regulations, leads me to
think that the business can be safely conducted.
annually, in addition to such
sums as may
$4,200,000
be received from fines
penalties and forfeitures, and from storage, cartage, drayage and labor!
Experience has shown that this amount is insufficient, and a deficiency
appropriation will be needed at each session of Congress until the
permanent appropriation is increased. I have instituted a careful
supervision in the Treasury Department over this branch of expendi.
tures, and agents are employed investigating the expenses of the
Custom-houses of the country for the
purpose of ascertaining whether
the modes of business can be simplified and made more
economical
and also whether a reduction of the number of
employees and
salaries is practicable. By this means some saving will be effected
but it will even
then be impossible to reduce the
expenses
within the appropriation. From 1868 to 1866 the
permanent ap.
propriation was at the rate of $8,600,000 per annum, in addition to
the receipts before enumerated as applicable to this branch of
the
service.
From 1850 to 1860 inclusive, the total
receipts from
Customs were about $272,000,000, and the expenses of collection
were
$16,879,000, or at the rate'of more than 6-^ per cent. The
receipts for the year ending June 80, 1870, were $194,538,874 44, and
tbe expenses $5,912,113 63, or not exceeding three and one>half
per
cent.
From 1858 to
1860 the
revenue
collected did not exceed
an
average of $60,000,000 a year, and the temptation to smuggling aed
fraud was much less under a low system of duties than it is at the
present time.
At the principal importing cities of the country it is
necessary to employ a large force for the protection of the wharves and
water lines within or near such cities.
It is also necessary to gmrd
against smuggling by tbe presence often of several officers upon and
around tbe steamers and other vessels importing large
quantities of goods,
while engaged in discharging their cargoes. It is also apparent that
the extensive line of coast on the Atlantic and Pacific oceans and the
Gulf of Mexico, everywhere furnishiDg opportunities for the introduc¬
tion of goods in violation of the revenue laws, requires the presence of
large number of skillful and trustworthy persons. The acquisition
of Alaska, the establishment of interior ports of entry, the accommo¬
dation of business by railways and steamers on the northern frontier,
add materially to the expenses of collecting and guarding tbe revenue.
I therefore respectfully recommend the increase of the permanent
a
appropriation for collecting the revenue from customs to tbe sum of $2,«
6u0,00Q for each half year from and after the 80th day of June, 18?<>.
At several of the important ports there are two appraisers, wbow
equal. I recommend such an alteration of the law as will
one principal appraiser at each port, who shall be respor*.
sible for the business of the office.
Tbe Treasury Department has the
csre
of 110 public buildings that are completed, and of seven¬
teen more that are in the course or erection, all of which had cost, on
the 30th of June last, $36,9i 0,998 93.
The appropriation for the
powers are
provide for
repair and preservation of these buildings for the current year is .
$100,000, a sum manifestly inadequate, being less than one-third of one
per cent.
Unless larger annual appropriations are made, the buildings
will rapidly deterioate in value, and finally will need much larger
repairs, or the erection of new ones in their stead. With the increase
of population in the country, appropriations must be annually made
for the erection of post offices, custom houses and other public build¬
ings. The preeeut mode of inaugurating these works seems to me
uuwise. Appropriations are often made without sufficient information
upon the subject.
It is true that, when a proDosition is introduced
into Congress for tbe erection of a public building, tbe subject is
leferred to tha Treasury Department, and by the Secretary to the
Supervising Architect of the Treasury, but it is a'so true that the
Supervising Architect has only general information upon the sutj'Ct,
and in answer to a sudden call, and without time for the preparation
of plans and estimates, he cannot give a safe opinion as t<> the nece»*
sit** or the cost of the work.
I respectfully recommend that hereafter,
when applications are made for the construction of public buildings
the first step on the part of Congress will be to instruct the Treasury
Department to make careful inquiry as to the necessity of the wo«i
and also prepare estimat-a to be laid before Congress.
This being
done and the work authorized, it would seem to be wise to
single appropriation sufficient to meet the entire cost, and then boi
December 10, 1870.J
tbft
THE CHRONICLE.
PfptftioeDt and the Supervising Architect responsible for the
cowpletion of the building substantially upon plans duly
;
745
CIVIL 8EBVI0B REFORM.
1 consider it my duty to call the attention of
Congress to the inadequacy
and within the estimates. I am satisfied that much waste and inequality of the salaries of the officers in the Treasury Department, as
fixed by law. The offices recently
established are supported by propersalaries, but the salaries attached to
money occurs,
on the part of citizens
many of those created at the organicar
tton of the Government are insufficient. As
% ben small appropriations are
made from year to year. The
a temporarv means of alle-the admitted
time to time, and for many
consequence
that the public works are viatingannually made evil Congress has iromused at the
years,
appropriations, to be
discretion of the
injured
process
and the expenses are largely Secretary, for additions to salaries of officers in the Department. In the
The
Supervising Architect of the Treasury states io his nature of the case, this is a disagreeable duty for the Secretary to perform,
is usually unsatisfactory to tbe
by law for the construction of sanction and support incident parties interested, and the result has not the
report) that
to a system of specified salaries
will be inadequate, unless the by law. At the piesent time the sum of $21,600 is distributed established)
by the
^fciraeter
from the original design. It seems retary in his discretion. After a careful examination of the subject, I Sec¬
find
that an additional appropriation not
ito be due to
Yrrk, for general and apparent re&soBB, sufficient to
exceeding $16,000 a year, will be
provide adequate salaries for the officers ot the Treasury De¬
ud in consideration of the fact that a most eligible site has been
partment. The act of 1858, in regard to the examination of
baa been
scored by the
and iu some degree at the expense, of the observed by the Department, and with beneficial results. clerks,worthy of
It is
consideration, however, whether it would not be wise to provide by law
that the building should Dot only be a fire-proof structure, but
for
an examining board, the
majority of whose members should not be officers of •
each design and
as to rank amoDg the best public
the Department to which the clerk Is to be
assigned, in case ol appointment
and approval. This system should also be extended to the
of
country.
principal Custom¬
houses and revenue offices ol the
j.. '>
REVENUE MABINE SERVICE.
country.
By such an arrangement a definite security would be taken for the char
At tbe present time there are twenty-four steamers and ten sailing
acter and qualifications of clerks, as far as
they
;«^Mla
to the revenue marine service, the number having without actual service in the discharge of can be ascertained or tested
duty. It is well understood.,
reduced during the year by the sale of two vessels of the latter
however, that no examination can furnish security that the person examined
will prove satisfactory upon trial, and there should
tdiff. At the third session of the Fortieth Congress an appropriation
always be a speedy and
easy method of removing such persons lr..m office. 1 do not, therefore* ac¬
$800,000 was made for the construction of four steam revenue cut cept the idea that the tenure of office by tt e clerks and employees in the
ten. After proposals bad been issued, and bids received which were
Department should be changed. Indeed, I believe that the present tenure
of office lurnishes the test
security which the people of the country can have
on my part that the public interests did
that the business of the Government will be
efficiently and properly peras
size as those far which proposals bad
foimed. The work of the Treasury Department does not differ
essentially
lMued, I appointed a
from the business done in the
by letter, dated Dec. 16, 1869,
banking houses and the merchants’ counting-¬
rooms, and there is no reason why the tenure of office should be permanent
coosisting of Capt. C. T. Patterson, of the Coast Survey, Capt. Doug¬
in one case that does not
apply with equal lorce in the others. It does hap¬
in Ottingsr, and
J. H. Merrymap, of the Revenue Marine, and
pen, practically, that there are in the Treasury Department, and
every
to consider and report upon the character of the verbureau and office ol it, men who have been connected with the service
for
atli teat adapted to the service. Final action in reference to the conseveral years, and whe possess all the
knowledge derived from experience
aiiuctioa of the vessels authorized was delayed for the report of the/ and tradition that is essential to the periormance of their duties. Exclud¬
ing the employees ot the Bureau of Engraving and Printing, and the mes¬
CbtDmission. That report was made on the 1st day of May, 1870.
sengers and laborers, there were 2,143 officers and clerks connected with the
(Executive document No. 98, Senate, second session of the present
Treasury Department at Washington on the first day of November, 1870, and
of these 1,489 weie in office on the fourth
CoDgrcei.) v
the completion of the work of the Commission, proday of March, 1869, leaving 664 as
the total number of appointments made since that lime.
Previous to-the
posaliwere again issued for the construction of the four vessels authorwar the business of tbe Department was so small that on the
first of. March*
ked by law.
bids were received, and on the 22d of
1861, only 483 persons were employed, and of these 67 are now in. the service.
One has been m cffice over 60 3 ears, two others over 40
ltd the £2d of
last contracts were made. The construction
years, one over 35
years, seven over 30 years, one over 26 years, ten over 20 years, fourteen
fires by the
to the fifth section of “the act making appreover 16 years and twelve over 10
years. These statements show that the
changes in the Depaitments are not so numerous as to deprive the service of
d Government for the year ending the 80th of June, 1871,” rendered
the knowledge derived irom experience. On the otter
hand, the.introduction of new men secures additional energy and
tlm appropriation unavailable, and it therefore became
efficiency. Two ercors.prenecessary to
vail in the community in connection with the
subject.
notify
parties to the contracts that they must be considered as Dull a republican government every man has a right an One is, that under
to
offiep. This
And void. One of the parties has asked to have bis contract
sense true,
Ihe cnJy right is that of the people to elect and to have
formally
ap¬
annulled, which has been done. I recommend a renewal of the appro¬ pointed to office persons best qualified to perform the work. The other error
is that, offices in the Treasury
Department are prizes, which the young men
priation of $800,000 for the construction of steam revenue cutters, of the
country may wisely seek, speaking generally, it is a mislortune $0 a
fitbout limitation as to the number of
young man who possesses even ordinary capacity lor business or, labor
as to the eize of
the vessels to be built. T he
report of the Commission shows that to remain permanently in the public offices of this city. It is, how¬
thirteen of the vessels now in use are either old, or not
valuable
Treasury are
adapted to the ever, true that many of the mostprofessionalclerks in the who,
young men who are pursuing
studies, or
service.
having
completed the course, remain from one to four years in the Depart¬
; ,*Ihe opinion entertained by me that the vessels iu use were larger
ment
with the purpose, by industry and
economy, of securingat
small amount of money with which
than the nature of the service
life
required is coi firmed by the report of A system ol life tenure would exclude to commence active the elsewhere..
all these men from
the Commission.
service, unTfcey recommend that the number be reduced to less they chose to accept it as a permanent pursuit, which in the main would
and the aggregate tonnage reduced from 9,‘20 8 tons to be an injury to them and to the country. 1 am also fully convinced
that any
b)tpns. They also state that it will be practicable upon the pro¬ more permanent tenure 01 office would materially impair the efficiencyiOf
the revenue system. There are many thousand men
posed basis to reduce the total number of officers, pilots, petty officer?,
employed in the Cus¬
toms and internal revenue service, aid however careful the
preliminary ex¬
iDtjmenirom 1,266. the number
in
Medy
^iXtoized
‘flf'gpbltt
ard much complaint
of the policy is
of construction,
mutable
in the
the expenditure authorized
Reposttffice in the city of New York
of the work is changed
-
the city of New
cc-operation,
^lio’bf
workmanship
the
iboijdicgB
attached
jl*m
.foetid, under the impresron
require vessels of
large
k^b
Commission,
Capt.
directed them
]
Upon
Satisfactory
August
Controller
July
Siations for the Legislative Executive and Judicial expenditures of
the
specification
thirty-two,
then
actual
expense of
service, to 1,061, and the
maintaining the system, not indu ing appropria¬
tions for the construction of
new-vessels, from $1,446,490 to $948,689,
a saving ot more than $600,000 a year.
The report of the
Commission is the result of a careful and
comprehensive examination
d the subject by competent men, and while it is the
present purpose
of the
making
Department to act upon it, I am of the opinion that it should
receive legislative sanction.
On the 9th of
July, 1869,1 convened a Board of Examiners, who were
oiarged, among other things, with the examination of the officers of the
Revenue Marine. The Board is
composed of Capts. Faunce and Slicer, of
the Revenue
Marine, and Capt. Patterson, of the Coast Survey. The exambRSf not yet been
completed, as only a small number of officers could
be detailed lor
examination at thn same time. One hundred and ten lieu¬
tenants have been
examined. Ten first lieutenants, nine second lieutenants
Dmd lieutenants were reported for removal and have been reThe vacancies thus created in the first
and second grades were
^promotions, and the vacancies in the lowest grade will be filled by
f^180118 selected at large. The examination of the
remaining ofMeravrtu be continued. The
condition fof .the marine hospitals has been
Past year. This result is largely due to Dr. J. S. Bil«*
.1£Eov^Ldlirln&tbe
tw
v
Bnr8e°n general’s office, who has visited nearly all of them, and
advice
many important changes have been made. No apof a Superintendent under the act of the last
enU!a8 y^ been made
apthority therein
tbe
granted to appoint a Superintendent is desalary does not appear to be sufficient. I, however,
8ucb an alteration of the law
as will permit the President to deor navy to perform the duty of Superintendent,
pay other than his necessary traveling expenses,
of Dr
hority, the Department could have the benefit of the services
wonidKoi g8,» or &ome other competent surgeon with less expense than
b* a regular
appointment, even with the present salary.
frant£i?eJ>1X?c*J)al ports of the country—New York, New Orleans, San
ttona iUX Baltimore and Philadelphia—are without hospital accommodaWhw»now40vi8ion is made for tbe patients by contract with hospital or
koeaii»i Srlr8* ^The War Department is in possession of a very desirable
'fteoBunMid'0rlean8» known as the Sedgwick Hospital, and I earnestly
to the
PassaSe of an act by which the building may be translerred
ftwkfftrT* ry Department for a marine hospital, and an appropriation
toeattSitw,6 Pu£cbase of the land on which it stands. At the last session,
kind v? of Congress was called to the subject of transfering David’s
for thePfitQKv Y0:rk* ftom tbe War Department to the Treasury Department,
?! tbe army
any addition to his
rtip^Sly renewed1 °* a marine hospital. This recommendation is
tocmrmn™
now
THE 8EAL FISHERIES.
PWteSio ™?ce,with the act of July 1, 1870, in reference to the seal fisheries,
wwrtesfftrST6 jssaed> and bids received, for the exclusive right to the
EinantPrt rtS®.term 01 twenty years. The phraseology employed iu the act
Alaska fwre mterPretation that the contract should be awarded to thd
Gavenmi£nt?er..tlal ComPany if their proposition was as favorable to the
wta awardPH f that of any °tber party, and upon that basis the contract
connected tht0 ttiat Company. A copy of the contract and of the papers
fling wL
ewith will be transmitted to Congress. About 86,000 sealat San Francisco, as the product of the year 1869, on
which thp
ttid act
owner3 have paid $1 each, as required by the sixth section of
,
amination might be, the evils which now impair the efficiency would un¬
doubtedly exist. No system ot examination could exclude all those who
are dishonest, or who, uLder the pressure
ol necessity or tee offer of sudden
wealth, might yield to temptation, it often happens—and it would happen
under any system—that men are found who are
honest, temperate and ap¬
parently capable, and yet lack the energy or the courage essential to i^e
enforcement of the Revenue laws, a duty which often requites
sagacity and
a kind of intelligence too subtle for
discovery through lormal questions.
Men who are thus unqualified should bd removed irom
office, and this with¬
out an
investigation, w hich, indeed, might furnish nothing tangible in justi¬
fication cf the act. So, too, in Custom Houses or collection
districts* a
branch of the service will Jail to meet just expectations, although no dishon¬
esty may be traceable to any person connected with the office. In such cases
the interests oi the Government demand a change,
and a change mush ,be
made without a hearing of the parties concerned. I may be warranted'in
saying, in this connection, that the evil of office-seeking, although groat, is
probably exaggerated in the public mind. It is true that there are more
applications lor appointments to office in the Department than can he mpt*
but the number 01 applicants who are well qualified who could
pass apy
proper examination is not usually very large.
Outside oi the department, and in the several States and Districts of the
country, the number of applicants for local services does not often exceed
three or lour to each office, and occasionally there are not more than two
who are re ally so presented as to be considered in connection with the
ap¬
pointment.
In
justification of the present tenure, and &b a proper recognition of the
services of the officers and clerks employed in this department, I express the
opinion that the business, upon the whole, is not ODly done in a satisfaetdry
manner, but. that it will compare in accuracy and efficiency with the business
of the country generally, which is can led on by corporations or individuals.
TAXATION, REVENUE AND THE DEBT.
*
In my annn ai report ot December last, 1 advised the continuancg.qf the
existing system of taxation as an essential condition to the success of the
proposed loan—the circumstance that war was declared between Franck and
Prussia, simultaneously with the passage of the Loan bill, put it out of the
power of the Department to make the negotiation, as had been expected.
The large revenues, however, of the Govervment
continuing without ma¬
terial abatement until the present time, improved the credit ol the
country,
enabled tbe Treasury Department, by weekly purchases, to reduce the amount
of surplus bonds offered lor sale, and contributed to
depreciate the market
,
value of gold.
1 also expressed
a
.
ihe opinion that the settled policy of the country should
contemplate a revenue sufficient to meet the ordiuaiy expenses of the Gov¬
ernment, pay the interest on the public debt, and from twenty-five to fiftymillion dollars of the principal aunually. The reduction of the public debt,
since the 30th day of June last, has oeen so great as to render it certain that
the total reduction lor the piaent lisc&l year will exceed
$60,000,000. The.
natural increase of the business ol the country during the next eighteen
,
months is likely to be such as to show asuiplus for the fiscal year ending
June 30, 1872, of
about $40,000,000.
The principal of the public debA >.
on the last day of
November, 1870, not deducting money on hand, was
$2,418,673,044 43. Of this amount, $396,269,287 08 was represented by United
States notes and fractional currency, not bearing interest. The banks of the
country, acting without the authority of existing laws, will require about
$393,000,000 of bonds to be placed on deposit as security lor their circulation, *
Should the present system of luimshing a paper circulation for the
country,"
partly by the Treasury and paitly by the national banks, be continued, or
the entire circulation be furnished by the Treasury or by the
banks, the
THE
746
-
t
•,
redemption of the
follows that about
$goo,000,0C0 oi the pnblic debt wdi remain unpaid, existing either in the
form ol Treasury riotes in circulation without interest, or in bonds owned by
tbe banks and held as security for the redemption of their notes; and that
only about $1,600,000,000 01 the principal of the debt is subject to payment.
The financial prospect, although highly favorable, is not such as to warrant
important changes in the revenue Bjstem at the present session of Congress:
but should the result, during the eonpng year, meet my expectations, it will
be poteible, at the December session of the Forty-second Congress, to make
a very material reduction in the revenues without impairing the ability of
the Government to make satslactory payments ot the public debt.
The reduction already made has been advantageous to the country, not
only in the particulars indicated, but in other respects hardly less import¬
ant. There is much evidence tending to show that no other event, since
credit ot the United States will be the security for the
notes.
Frcm tbis view of the policy of the country it
the conclusion of the war. lias contributed
so
counterfeit national bank note that may be recognized at such on
atlon at the counter of the bank.
or
WINDING UP BANKS.’
aticn and be closed.
the general average
amount required.
\
USURIOUS RATES OF INTEREST.
oertain
BANKS.
will not much exceed five per cent., and this is just about the average rat#
of taxation paid by national banks; so that the profits derived from tin
business of banking depend mainly upon the amount of deposits, wttlol,
alter all, constitute
.
THE TRUE BASIS OF BANKING.
*°,r *^e
redemption of their outstanding circulation,
bonds pledged as security therefor. The amount of such and taken up the
deposits since the
date of my last report is $2,401,910, and the amount of bonds
their
par
$2,750,ooo.
All banks in liquidation, except those
in process of consolidation with other banks, nave now retired theircirculation.
CURRENCY DESTROYED.
Since the organization of this bureau to the 1st day of
October, ultimo,
culating notes more or le«s worn and mutilated have been returned by
banks, to be destroyed by homing, to the amount of $30,597,518.
ACCUMULATION OF CASH CAPITAL
is comparatively small. As in all new countries, nearly the entire oapttll
is required for the transaction of active business, and for the developnwat
pf the resources of the country.
The amount of deposits, therefore, «*
money at rest, is smali in comparison with the actual material wealth ot
the country; but it is continually on the increase, and by its aid the national
banks are enaDled to bring their earnings up to an average that has hitherto
proved satisfactory to tneir stockholders. In view of all the faots. how¬
ever, it seems desirable that the old relation between the rate of intend
and the rate of taxation, established and observed by nearly all the Statd
m which banks of issue were authorized, should not be entirely ignore*
with regard to national banks, and inasmuch as the power of the Stow*
over the national banks, in these two important particulars, is exerowM
only with the consent of the general government, it would be a wise pre¬
caution for Congress to fix such limitations as would prevent unwise, ok
friendly, or otherwise damaging legislation.
PAYMENT OF INTEREST ON DEPOSITS.
.
■
of paring inwrw
on deposits by national banks.
The practice existed long before any »■
— it--—- —-—
i
I tional banks had an existence, and they only continue to do what tneu: p**
decessors did before them, and what bankers everywhere consider taw*
selves compelled to do. The use of other people’s money in the
»
cir¬
the
Of this
sum, $17,048,119, or more than one-half the total amount, were returned
during the last year. The rapidity with which the national bank notes are
becoming nnfit for circulation and are being returned tor destruction in or¬
der that they may be replaced by new notes, is
constantly increasing, re¬
quiring a constantly incieas ng force ol clerks to attend properly and
promptly to the assorting, counting, registration, and final burning ol the
notes.
COUNTERFEITS.
In the effort to protect the public from the Imposition of counterfeiters,
Which fs being made by the proper authorities, it would be well to throw
every possible difficulty in the w ay of tbe circulation ol counterfeit notes.
For this purpose it is recommended that every national bank be required
through its officers to stamp the word “counterfeit” upon every false, forged
■
■
Circulation—that is, money or its representative—is the creature of ths
government, and is to be reded on as a source of profit ouly iu the rniimail*
ary stages of banking. The history of banking iu the older aid wealthier
countries of the world furnishes abundant evidence as to the truth of tail
statement. The reports of 81 joint stock banks of Great Britain, of thair
operations during a part of the year 1869, illustrate the fact stated. Leavitt?
out the Bank of England, which furnishes the great bulk of the clroulatioa
used in the United Klagdom, the banks reported employ an aggregate capi¬
tal exceeding £42,000,000, and tneir net profits for six month* of the yew
1869 were somewhat in excess of £3,700,000, or at the rate of about 9 per
cent, per annum. Reports of sixty-two banka for the six mouths suoaeefiinf
the period embraced in the foregoing statement, show a oapital of
£30,000,000, with dividends averaging 5% per cent., and net profits not
divided equal to 1 per cent., together making the net profits of the sixty-two
banks, whose reports are published, at the rate of 13>£ per cent, par aaaaHL
In the United States the
considerable
at
u
,
INTEREST,
while very frequently individuals were allo wed by law to lend money ¥y
special contract, at much higher rates.. The rates established for hanks,
under the conditions referred to, still continue and are soaght to be et •
forced, but the immunities which enabled them to observe these rates have
been taken away. The privilege of issuing circulating notes is no mors
valuable as a franchise, under Federal authority, than it always has boea
under State authority. The profits derived from it are commonly orarosit
mated. A fair estimate of the average per-ceutage of profit on oironlatiss
BANKS IN LIQUIDATION.
is
-
k
SPECIFIED RATES OF
Under the operation of the act of Congress approved
July 14, 1870, “to re¬
quire national banks going into liquidation to retire their circulating notes,”
twenty banks, which had been nominally in liquidation for various periods
or time, have deposited in the treasury of the United States
legal tender
value, thereby released
-
Complaint is made from time to ti ne, and from various localities, thatboiv
rowers are compelled to pay more than the legal rate of interest for monar
and doubtless the complaint is well founded. On this subject there is apra*
tical suggestion or two that may be profitably considered. If the interest da
the bonds deposited to secure circulation, and the use of the circulation and
deposits, at the legal rate of interest, will not enable banks to par taxes
expenses, and dividends equal to at least the current value of money, whew
the bank is doing business, the legal rate will be transcended, or the bank
will wind up. This may safely be talfen for granted. An attempt to compel
the institution to keep within the limits, under such adverse circamstanoM,
will result in forcing it into liquidation. In nine cases out of ten jrhwe
these oomplaints are made, the evil complained of is caased oy the high rate
ol taxation imposed by State authority. Taxes enter into the cost of pro.
duction, and are paid by the consumer; this is just as true of money as •!
any other commodity. Formerly, when the bank circulation was issael and
the business of the country was transacted by institutions incorporated by
State Legislatures, valuable immunities in the way of exemption from taxi,
tion were granted, in order that the banks might be able to furnish^money
to borrowers at reasonable rates, and in mo3t of the States the legal rate of
interest was fixed witn direct reference to the privileges granted. Capital
invested in banks was practically exempted from taxation, m return for
which immunity the banks were expected and required to lead money at
foreign trade is carried on, and in which a certain amount of business is
necessarily transacted upon a specie basis. If all the business of this kind
that is carried on in the cities of
Boston, New York, Philadelphia and Bal
nmore could be concentrated in one or two
banking institutions in each of
those cities, its extent would
undoubtedly warrant the employment of a very
respectable amount for its exclusive accommodation.
'
aoove tfio
’
THE LIMITATION OF LOANS
provisions of sections 3, 4 and 5 oi the act approved July 12,
1870, authorizing the estaolishment of national banks for the issue of circu¬
lating notes redeemable in specie, but one bank has as yet been established,
the Kidder National Gold
Bank, of Boston, Mass., with a capital of $300,000.
puormation has been received that several other institutions of this charac¬
ter are in process of
organization, or iu contemplation, two or three of
which are in California. It was not anticipated that
specie-paying banks
would be established to any considerable
extent, at present, in those sections
or the country where a
paper currency, based upon the legal tender issues
of the government, already
prevails; although it was, and is stiiL, supposed
uiat one or more gold banks
might be established and successfully con-
.
of such reserves is ordinarily considerably
paid in capital, a most wholesome restriction, U, ina
large majority of the banks, carefully observed, and the loans are almoat
uniformly well distributed. In very few instances are the directors allowed
to monopolize to any considerable extent the facilities offered.
™
under the
a
Hirij
to one-tenth of the
cations are placed on file as caveats, to occupy the ground and to deter
other parties from moving. Very many are
speculative, and some, intended
to be bona fide, fail because, when brought
to the test, the capital is want¬
ing. Probably, if all these applications should be granted, not more than
half of them would be carried through to a
complete organization. The
amount of capital in the Western and Southern States not
permanently in¬
vested or actively employed in business of various
kinds, but im nedlately
available for the purpose of organizing national banks, cannot be very
large,
and the impression that many millions of cash capital were awaiting the
opportunity oi investment in national banking institutions has not been
fully sustained. The provision made by the late act" is undoubteily ample
lor the supply of those States which have less than their
proportion, and
would probably suffice to supply
all reasonable demands even it not re¬
stricted in its distribution. The propriety of providing for the removal of
such restrictions after the expiration of one year from
the date of the
passage of the act is respectfully suggested.
the Atlantic seaboard where
,
discounted, are, to a remarkable extent
upon Dona tide transactions, while the accommodation loans are uniform!?
safe and well secured. The reserves required by law to be held, to secaro
the payment of circulation aud deposits, are, as a rule, kept on.hand, and
-----
on
'
tained that the bills and notes
Washington, November 7, 1870.
j
Sib:—In compliance with the provisions of section 61 of the National Cur¬
rency act, I have the honor to present, through you, to the Congress of the
United States, the following report:
Since my last annual report thirty-seven national banka have been orga¬
nized, making the total number organized up to date, 1,731. Of this number
five banks were organized by the surrender of circulating notes for that
purpose by existing national banks, and did not increase the aggregate of
bank circulation. Thirty-one banks have been organized under tiie act ap¬
proved July 12, 1870, providing for the issue of $54,000,000 of additional
national bank circulation. The aggregate capital of the banks named is
$3,230,000, giving an average to each bank of about $ 10L500. and distributed
among the several States as follows
Capital.
Capital.
Illinois, 7 banks
$863,ooo Kansas, 1 bank
$ 50,000
Michigan, 4 banks
300,000 Kentucky, 4 banks
850,000
Wisconsin, 3 banks
150,000 Tennessee, 4 banks
....
301,000
Iowa,2banks
150,000 Virginia, 2 banks
22-5,000
Missouri, 3 banks
250,000 Georgia, 1 bank
100,000
There are on file 250 applications for banks in addition to those enume¬
rated, and the amount of capital required to supply them all would be
$27,000,000. Experience has shown, however, that a large number of appli¬
oucted in each of those cities
w
-
THE OPERATIONS OF THE NATIONAL BANKS
ANNUAL REPORT OP THE COJiPTKULLER OP THE CURRENCY-
*
.
’ ' <1
throughout the country during the last year have been characterized bvt»».
deuce and exemption from disaster to an unusual extent. The profits lXI
not been so large as m former years, owing to various causes, among wiikS
may be noted the decline in the premium on gold, a reduction iu theamS
of transactions in government bonds and consequent falling off in eomSiT
sions, and the fact that, owing to the general shrinkage in vames which**
taken place, the banks generally have realized their losses, and have oh am*
off the bulk of their bad debts. The result, however, may be regardeda?
upon the whole, satisfactory.
Very thorough and rigid investigation h*
been made by skilled accountants, commissioned as examiners, into th
mode ol doing business, character of the management, and the value az?
condition of the assets of the banks during the year, and it has been aacer
t
v
-i
'
capital of a bank becomes seriously impaired by losses nr
wise, it would be desirable for the Comptroller of the Currency tobonSR
with sufficient power to require the bank to be wound up, or toh2!«r»5
capital made good within a reasonable time. As the law stands, hi8*?
only prohibit the bank from declaring any dividends so long as thccaniLSS
the bank remains impaired, but the resources of a bank may be crtoSEnf,!?
its useiulness destroyed beyond hope of repair, and yet it may couSnnfK
live a sickly existence for years. In such cases the bank should be ramuLE
to make up the losses by an assessment on its stockholders Cr go into
much to the diffusion of re¬
Office of the Comptroller of the Currency,
■
When the
publican opinion in Europe. The spread of these opinions stimulates emi¬
gration from Europe, and at the same lime prepares the way for the estab¬
lishment of free institutions on that continent, nor can there be any doubt
that a policy accepting the debt as permanent would retard emigration
from Europe, especially of the reading and reflecting classes.
Whatever
arguments may be adduced, or whatever theories may be advanced, the
fact must ever remain that a public debt is a public evil.
It is especially burdensome to the laboring classes, and it is therefore in
their interest to provide 1 or the constant reduction of the existing national
debt. This policy will not prevent such changes m the revenue system from
time to time as will equalize the inevitable burdens of out present condi¬
tion, and within a comparatively short period the taxes may be removed
from many articles of prime necessity.
-see* 'res
It is the occasion of satisfaction that no other nation ever passed through
a great war with so slight a shock to industry and business.
Specific infor¬
mation and general intelligence from various parts of the United States
show that all classes, and especially the laboring classes, are in the enjof*
ment of more than average prosperity, whether tested by the experience
of this country or by the present condition of other nations.
No reason
can be found, however, in the favorable condition of public and private
affairs for neglecting any proper means for equalizing and diminishing the
burden of taxation, but it does justify the statement that the nation can
make provision for the public "debt in the manner recommended, with¬
out embarrassing its industry' or retarding its progress.
[Signed,]
GEORGE S. BOUTWELL, Secretary of the Treasury.
SPECIE
[December 10, g q.
CHRONICLE.
Allusion has been made in former reports to the custom
*
*•
*■ —*
*■
"
deposits, ~iA*
without interest, or at a low rate of interest, has come rrt rw* 1-A.1W
te to
sidered a cardinal necessity of modern banking.
There will always
those ready to accept irs custody, assume all the risks and pay interest
its use. for a margin of profit ranging from one to three per ceht.
always the strongest bank or banker who is willing to pay the highest nw
for this use of other people’s money. Ordinarily, judging of banks as w
dividuals, the one most in need of money offers the greatest induceaw"
to depositors.
In theory the custom is dangerous, in practice it is noi
w ays sale; but, nevertheless, it is so thoroughly intrenched in its
by long observance, that any sweeping enactment prohibiting the
of interest on deposits by national b.nks would bd evaded in some
or the banks would lose their deposits.
There are scores of nan*
bankers, not subject to the control of Congress, who would rejoioe
such a prohibition as over the discomfiture of an enemy; yet there »
point that should be guarded.r
■ \
*
are
THE R1 SERVES OF THE WHOLE COUNTRY
held to a large extent in Boston, New York, Philadelphia
large cities.
.jm
ana^^
These reserves should be protected. They should w p*"
THE
Peeember 10 1570.
CHRONICLE.
747
==
restrictions as would obviate ail necessity for their use by the
If the Institutions owning these reserves cannot afford to
to remain unemployed, so that they may be in reality what they
t®0*. ngVne reiief should be afforded In some other wav. It is of -vital tmfShSiSTto the country that no portion of the percentage, which the law
i hanks to hold ae a reserve on circulation and deposits, should be
try, arising from a fiscal agency so truly natienel in its character, regula tUr
the exchanges and the banking interests of the country, be¬
yond the control of any ring or clique—because man iged by all for the ben¬
efit of all—would be of the most substantial and
enduring kind, llsapectfully submitted,
v
HIOHL^DtR. HURLBURD.f
Comptroller of the Currency.
Hon. George 8. Boutwhll; Secretary of the
Treasury.
^rSSirv bank
l2Zam5n the ability of a single bank ini
_
_
the cnrrenoy,
•
1
1,064 banks* pay interest on deposits and pave reported the amount.
540 banks pay mo interest on deposits. *
»
0 banks pay interest*, but cannot report the amount.
_
"JrScountry bank correspondents—theirreserves—will paid as interest on
The banks of New York City have depend the safety■
the Tear
the
ending with the 30th of September, t
sum
639.10? the Boston banks, $588,272.58; all the banks thatbanks,
the Philadelphia
while the aggregate sums paid by
allow
I
1,610 total number in active operation when report
large sums indicate the wide
of the practice under consideration, and the difficulty that would
rieDced in any attempt to effect its entire abrogation. If by any
however, the moneys held m the large cities, constituting the
'
wisdom of Congress.-
.
Registered bond3, act of Jane 14, 1858
Registered bonds, act of June 22, i860
Registered bonds, act of February 8,1861
Coupon bonds, act of March 2,* 1881
Registered bonds, act of July 17, August 5, 1881....
Registered bonds, act ol February 25, 1862
Registered bonds, act of March 3,1863...
;
Registered bond3, act of March 3,1864—5 per cent
Coupon bonds, act of March 8,1864—5 per oent
Registered bonds, act of June 30,1864
Registered bonds, act of July.1,1862, and July 2, 1864.... ;
Registered bonds, act of March 3,1864—6 per oent.
Registered bonds, act of.March 3, 1865—1st series......
Registered bonds, act of Marcn 3,1855—2d series.
Registered bonds, act of.March 3, 1865—3d series.
Registered bonds, aot of March 3,1885—4th series
jjTJIe payment of interest on deposits; while the benefit to the whole conn■
—
-
a..
st National Bank of Keokuk^ Iowa
tlonal Bank of Vicksburg, Miss
; National Bank of Rockford, IU
; National Bank of Nevada, at Austin,
deposit.*
....
i
j...;
;;.;
$50,000
.*
.*..*.•
60,009
.i'll1*J»Q«0
REDEEMED AND OUT¬
Wemed
i
No. of Notes.
Amount.
10,729,327
v
'
60,000
100,000
60,000
59,ooo
2,568,703
-
2,568,803
8,160,824
8,160,624
Redeemed
3,690,167
667,733
7,180.314
1,335,466
2,922,424
5,844,848
.....24,636,720
123,183,000
8,689,915
O^Jttding
R«*wnied
1,737,983
toWanding
22,898,737
114,493,685
8,413,244
484,135
84,132,440
4,841,350
•®^ding
7,929,109
79,291,090
Redeemed
2,370,066
47,401,120
2,583,700
$10
,
8.
t,
Rented
129,185
2,240,871
44,817,420
Redeemed
378,482
47,846
18,924,100
2,392,250
^mng
!
330,637
16,531,850
284,460
26,446,000
4,359,900
$60*8.
U
SS®?
-:
i %^ding
♦500’S.
j:
deemed.......,,
24,086,100
13,920
3,962
«aed
I
240,861
0,963,000
.
;
1,976,000
#-8M
:
4,987,000
;8b(IS
4,779,000
3,283,000
1,516
1,610,000
Outstanding
Amount outstanding, 30th September, 1870.
>
;
ior
fragments of
notes redeemed
$299,728,617
1,202
.......
iw#i
$299,729,879
^MNT SHOWmG
THE NATIONAL
BANKS IN VOLUNTARY
'
DAY OF
OCTOBER, 1870.
$85,000 ' $78,628 50
180,000
-160,319 75
90,000
80,194 00
85,000
71,302 50
180,000
166,501 00
100,000
88,997 00
253,900
215,608 60
180,000
158,559 90
26,300
18,800 30
90,000
73,611 60
25,500
17,204 00
46,000
21,465 00
131,700
30,057 25
.
90,000 00
25,500 09
17,476 00
292,009
1,372,965 15
1,472,400
1,159,878 90
Pivot
!
!
v*
.
,UUU1 *sauH| vUiUUlUUI, 1UU.M..I
ON THE FIRST DAY 09
States and
National Ranlr
Wantpana
Wia
J"^wonai Bank, Skane
Appleton National Bank, A
ppleton, Wis.
National Bank nr
312,621 1$
s
N. Hampshire....
Vermont
Massachusetts....
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania.....
Maryland
Delaware
District Columbia.
Virginia
W. Virginia
Ohio
Indiana
Illinois
Capital
Circulation
teed.
Maine
tton.
paid in.
issued.
62
41
42
210
62
83
316
65
305
32
11
6
21
15
133
71
61
41
42
207
02
81
292
54
190
31
11
3
18
14
130
60
84
41
34
43
17
6
20
$9,155,009
$7,901,056
$7,606,441
4,835,000
4,540,535
6,269,900
4,302,635
87
Michigan
43
39
40
18
5
33
13
Wisconsin
Iowa
Minnesota
Kansas
Missouri
Kentucky
Tennessee
Louisiana
Nebraska
Colorado
Georgia
N. Carolina
S. Carolina.
*
•
•
•
Nevada
Oregon
3
2
4
8
If
«
3
3
1
1
7,460,012
87,522,000
20,364,800
25,066,820
113,497,741
11,090,350
60,360,390
13,340,202
1,428,185
1,350,000
2,725,000
2,216,400
33,304,700
13,377,000
13,096,000
6,785,010
2,720,000
4,002,000
1,840,000
410,000
18
7,860,300
3,160,000
16
2
17
Mississippi
Texas
Arkansas.
Utah
Montana
Idaho
Fractional
OCTOBER, 1870.
Organ- In opera-
Territories.
2,081,300
1,300,000
—
2
3
8
'
4
2
2
1
X
S
2
1
79,061,860
10,193; 065
42; 202,030
9,866,050
1,298,025
1,379,000
2,288,880
2,181,200
19,851,715
11,816,855
10,839,080
4,230,755
2,745,050
3,831,135
1,687,950
428,800
4,765,470
2,573,660
1,589,270
1,272,020
100,900
Total
—
.1,715
—
—
1,027
46,804
06,300
—
5,910,270
66,865,860
12,469,680
17,407,181
67,077,66$
9,439,065
38,742,491
8,904,31$
1,205,226
1,070,639
2,203,280
1,990,600
18,430,164
11.022,792
10,079,285
8,943.305
2,510,478
8,448,416
1,678,450
371,900
4,398,811
2,429,440
1,449,970
1,071,649
170,000
264,00$
1,230,205
630,900
1,249,600
260,000
200,000
526,000
300,000
360,000
100/100
400,000
2
1
1
l
'
06,000
177,100
264,300
639,900
333,000
369,200
131,700
88,500
492,245
188,600
171,500
36,000
1,081,100
1
4
..
13,442,430
18,849,745
—
500,000
360,000
1,816,000
840,000
m actual
otroulatWn*
02.628,720
re-
demptions.....
436,478,311
333,000
281,69$
111,043
88,600
436,445
179,600
136,008
86,00$
63,000
5
299,739,870
831,738,901
THAT HAVE DEPOSITED LAWFUL MONEY WITH THB TREASURER OP THB UN I TED
THEIR BONDS, AND BEEN CLOSED UNDER THE PROVISIONS OF SECTION 42 OP THE ACT; THEIR
CIRCULATION
REDEEMED BY THB TREASURER OP THE UNITED
Capital.
gS^atmnal Bank,
Carondelet, Mo...—
SJS041 Union Bank» Rochester, N. Y._.,
i,P»nner8’
111,042 00
STATEMENT SHOWING THB NUMBIR OP
BANKS, AMOUNT OP CAPITAL, AMOUM*
OP BONDS DEPOSITED AND CIRCULATION IN EACH STATE AND TBRRITOBY
STATES, AND OIROULA TION
’
Circulation
Name and location of Bank,
Circulation
outstand¬
s
ing.
$6,37160
19,680 25
9,800 00
13,697 60
23,499 OO
11,003 00
38,291 10
23,440 10
7,470 00
16,388 60
8,296 00
23,535 00
UQUIDATION,
'’•flipt5rTT0 REDEBM THEIR CIRCULATION, WITHDRAWN
^^WRCULAnONISSUBD, CIRCULATION SURRENDERED,
j OUTSTANDING
THB 1ST
pN
:
20.300 00
37,000
155,000
$10,729,327
Ootetending
i
2,733,500
24,170,200
10,970,500
4,250,900
536,500
Circulation Circulation
delivered.
redeemed
ioo;ooo oo
253,900 00
180,000 00
2,830,000
OP NOTES ISSUED,
STANDING SEPTEMBER 30, 1870,’
saleofbohds.
$85,000 00 *
180,000 00
90,000 09
85,000 00
155,874 16
300,000
250,000
Nev..
! STATEMENT EXHIBITING THB AMQUNT
*
....
200,000
flret National Bank of Bethel, Gonn
“
realized from
*
on
Capital.
*<;• $306,ooo
;..
260,000
.;;.
108,000
;..
100,000
500,000
126,000
fejiango National Bank of Franklin, Pa
Merchants’ National Bank of Washington, D. C.
Tennessee National Bank olMemphis, Tenn
it National Bank of Selma, Ala
National Bank, of New Orleans, La
national Dnadttla Bank of Unadllla, N. Y
farmers’ and Citizens’ National Bank, Brooklyn, N.' Y
Owlon National Bank of the City of New York, Ni Y.
/
i
33,974,900
17,430,000
842,833,850
U;S. bonds deposited, as.
,
Name and location of bank.
.
55,803,150
33,459;550
95,271,550
6,000
Legal lenders
;
...
,
'
$640,000
25,000
3,012,000
16,000
59,929,100
Total
■
,
>
FATKKENT SHOWING THE NATIONAL BANKS IN THE HANDS OP RECEIVERS, T&EIR CAPITAL, AMOUNT OP UNITED STATES BONDS AND LAWFUL MONBY DE¬
POSITED TO SECURE CIRCULATION, AMOUNT OF CIRCULATION DELIVERED, THE AMOUNT OP
CIRQUL^TfON RRDBRMEP AT THE TREASURY QF THB U^ITM
STATES, AND THE AMOUNT OUTSTANDING ON THB FIRST DAY OFOCTOBB&, 1870^
•
t
;
■
STATEMENT 8H0WING THE AMOUNT3 AND KINDS OP UNITED
STATES BONDS
HELD BY’ THB TREASURER OP THE UNITBD
STATES TO SB0URE THB
RBDBMPTION OP THB CIRCULATING NOTES OP NATIONAL
BANKS ON THB
30TH DAY OP SEPTEMBER; 1870.
! A GENERAL REDEEMING AGENCY.
necessity tor some arrangement by which the notes of national banks
assorted and returned to the several banks of issue for redemption
!?hLwiminfir more and more apparent, as the difficulty of dealing with the
JSnajid mutilated notes now m circulation Is experienced. The arguJSscontained in former reports, in favor of aft vtpnrt Art redeeming agency
general
ZiL. AfHflnr
aithe city of New Vnrlr will not hn rATifta.t-.Art nr extended nn Mia pi
York; will not be repeated or
on the present OC'Sston The conviction is expressed, however, that if the banks were auSSited to establish an institution of their own for that purpose, owned,
SntrSled and managed in their interest, they would find it greatly to their
wrofit to do so. Such an institution would also serve as the custodian of
1
preserves kept in New York, thereby exempting them from the risks inL3d«it to funds deposited in the ordinary way and drawing interest, and
^
Sold perhaps obviate the necessity of specific legislation upon the subjeot
■/
t
‘
*
was called for.
APPENDIX.
Itartttton’depositsis $6,486,172.60.* These
to the
v
^
,
Circulation
Delivered,
$90,000
25,500
400,000
192.500
-
90,000
45,000
40,600
136,000
46,000
44,600
90,00$
346,960
Circulation
Surrendered*
$78,010
deemed
U. S. Treasurer.
$9,425 oo
22,339 50
2,650
........
55,306 25
8,770
900 00
1,991 75
6,585
• •••• •
2,333 00
•••«•••
18,000
re-
by
6,409 00
30,870 00
Outstanding
Circulation.
$2,565 00
,
3,160 50
189,950 00
34,693
40,330
38,508
128,415
42,667
44,500
06,591
75
00
25
00
00
00
00
815,074 00
THE
748
CHRONICLE.
[December 10, 187©,
Circulation
r
■First National Bank, South Worcester. N. Y:
National Mechanics and Farmer s’ Bank, Albany, N.
Second National Bank, Des Moines, Iowa
First National Bank, Oskaloosa, Iowa
Merchants and Mechanics’ National Bank, Troy, N.
First National Bank, Marion, Ohio
National Bank of Lansingburg, N. Y
National Bank of North America, New York, N. Y
First National Bank, Hallowell, Maine
Pacific National Bank, New York, N. Y
Grocers’ National Bank, New York, N. Y
Savannah National Bank, Savannah, Ga
Capita),
175,000
Y
50,000
775,000
300,000
184,760
2,200
3,755
13,900
109,860
4,017
136,000
11,000
333,000
65,800
53,350
2,500
4,715
46,810
67,600
1,000,000
60,000
422,700
300,000
100,000
50,000
00,000
100,000
50,000
150,000
100,000
200,000
•
•
46,090
V42,600
,
125,000
160,000
First National Bank, Frosthnrg, Md
First National Bank, Vinton, Iowa
;
First National Bank, Decatur, Ill
First National Bank, Berlin, Wis
First National Bank, Dayton, Ohio
'National Bank of Chemung, Elmira, N. Y
First National Bank, St. Louis, Mo
__
*14,060
850,000
Y.
Circulation Ciculation red’m’d
1ere<?. bj U. 8. Treas’r.
4,J
12,(63 00
Delivered.
35*7,400
134,990
35,250
86,000
600 00
3,761
3,923
5,127
3,140
00
40
80
7,179 00
955 00
*1,690*00
1,695 00
1,760 00
*
40,000
4,260
42,500
886
85,250
44,000
'jMM
m
’3,923
135,000
95
2,900
90,000
179,990
5,507,700
7,454 00
3,469,230
325,160
177,939 66
STATEMENT SHOWING THE NATIONAL BANKS IN LIQUIDATION, FOR THE PURPOSE OP CON80LIDAT1NG WITH OTHER BANKS, THEIR
CAPITAL, BONDS PtTOmili.
TO SECURE CIRCULATION, CIRCULATION DELIVERED, CIRCULATION SURRENDERED AND DESTROYED, AND CIRCULATION
OUTSTANDING, OCTOBHHt/Sff
U. S. bonds
Circulation
Circulation
ctmtatth
Name aijd location of bank.
on deposit.
delivered.
—Capital.
surrendered.
*
ittston National^Bank2 Pittston, Pa
.$200,000
»2uv,uw
jj*#*
100,000
$91,600
$86,700 $4,200
♦
100,000
V38.
First National Bank.
45,000
60,000
50,500
45;
100,000
86,000
87,000
7,000
180,000
200,000
180,000
19,941
First National Bank. Providence, Pa
*
96,350
90,000
100,000
3,756
National State Bank, Dubuque, lowa
127,600
150,000
140,000
9,900
mm
*
National Bank of Crawford County, Meadville, Pa.
300,000
*
200,000
*
100,000
Ohio National Bank, Cincinnati,
611,000
460,000
500,000
16,600
60,000
56,700
54,000
3,000
First National Bank, Kingston, N. Y.
200,000
187,000
180,000
13,600
National Exchange Bank, Richmond,
197,300
200,000
180,000
2,600
100,000
96,000
89,600
7,600
First National Bank, Titusville, Pa
100,000
93,100
86,750
6,900
First National Bank, New Brunswick, N. J.
100,000
90,000
96,700
4,100
First National Bank, Cuyahoga Falls, Ohio.
60,000
43,000
45,000
6,300
100,000
98,000
90,000
1,800
150,000
160,000
136,000
100,000
87,500
100,000
3,400
50,000
44,000
45,000
5,800
160,000
140,000
132,600
10,000
100,000
100,000
90,000
200,010
92,000
86,000
7,600
50,000
49,500
44,000 '
1,000
50,000
50,000
45,000
100,000
86,000
90,000
12,700
150,000
110,000
136,000
36,000
300,000
200,000
176,750
8,400
National Union Bank, Owego, N. Y.
100,000
100,000
88,250
Central National Bank, Cincinnati,
500,000
461,000
425,000
31,900
Merchants’National Bank, Mil waul
100,000
101,500
90,000
90,000
90,000
100,000
109,000
1,600
*
100,000
36,000
'
,
&
.
,
,
,
,
,
.
,
.
.
.
.
.
.
■>
°
,
.
.
,
.
.
.
.
.
.
.
.
,
*No circulation.
6,210,010
3,943,150
TABLES OP THE STATE OF THE lawful! MONEY RESERVE OP THE NATIONAL BANKS OP THE UNITED 8TAT
AT
Number
of
Banks.
61
41
States and Territories.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
42
-
Pennsylvania
Delaware
Man land
Virginia
160
62
81
231
54
151
11
18
17
West Virginia
North Carolina
South Carolina
14
6
3
8
2
Georgia
Alabama
Texas
Arkansas
4
2
13
13
119
69
Kentucky
Tennessee
Ohio..
Indiana
Illinois
"•67
Micmgan
Wisconsin
38
28
....
Iowa
Minnesota
48
17
11
3
4
....
Missouri
Kansas
THE
CLOSE OP B' SIN ESS
Liabilities
to be pro¬
tected
Kese<
reserve.
4,412,927
$1,917,213
1,021,932
1,325.036
8,211,058
2,859,453
4,523,670
11,011,462
3,718,836
6,703,376
403,229
661,939
6,0.8,932
9U4.340
4,119,081
2,2*5,661
1.413.576
3.243,717
576,812
1,181,078
617,862
-
73.409.745
24,792,243
44/89,173
.
2,688,195
338,349
212,036
‘'
376 129
66,419
443,355
741,675
4,151,144
2,924 111
2,093,212
1,001,081
•623,636
1,316.532
.
.
4,457,572
8,770,217
4,760,039
3,175,535
714 006
•
Oregon
1
750,319
Colorado
Montana
3
1,921,151
1
218.921
Utah
Idaho
1
1
271,972
13i,Gft5
1,400
$404,337,512
$60,680,626
Total
.
of
..
Redemption Cities.
Banks.
■
2,189,494
tectert
Albany
Philadelphia
Pittsburg
•
Feserve
reserve.
liabilities.
$18,226,113
2,370,169
11,186,245
3,836,747
...
Total
5,441 613
3
'..
906,678
6,783,484
2,328,924
4,001,109
S,304,281
3,354,186
4,118/87
S2$6S
268,356
249,806
46,968
256,876
39,849
34,111
159,351
26,523
347,447
568,597
2,993,940
266,918
501/45
1,847,912
758,901
250,000
35,000
65,000
40,000
422,364
35,000
1,020.681
25,000
2.106,190
23.787
62,810
$84,777,956
SO.9-10
$2,857,856
$85,465,915
of
Reserve
held.
2,2009*9
1,W
1,809478
4M/W
426/58
779/58
1,433,227
6.469,387
990.833
1,278,216
828,343
1,831.265
947,944
1,986,5.14
236,986
3*6,s75
32 9-10
27. M0
23,8-10
$64,090,981
48,174,228
$68,638,(V?5
Legal
Tenders.
Specie.
$1,872,792
House
290,960
162,506
108,875
2.242,300
43,509
....
•
•
•
-
501,000
1,221.710
•
•
•
•
•
3,722,256
•
♦
•
•
•
622,549
8,005
313,593 '
110,315
1,231
...
5,000
70,000
190,000
709,500
•
6 558
.
•
236,298
95,747
1,795
117,856
1,620,000
$4,035,000
345,000
5,520,000
375,000
600,000
225,000
1,945,341
232,481
200,506
132,811
3,128
Three per
cent
certificates,
1
155,014
4,247,281
reserve.
Certificates.
$6,151,340
10,358
32.2-10
6:30,008
$2,890,900
Clearing
'
26.3-10
30.7-10
694,097
443,048
29,SCO
Funds available for
to
liabiiit;es.
io’ooo
382,410
89,722
140.594
120,201
162,401
reserve
2,225,497
*$21,620,271
483.113
811
Per e?nt
2,5 i0,030
7,325 021
1,089.094
99,822
395,000
60,000
15,000
455,000
10,000
.
'
$216,363,944
192,690,891
agent'.
$1,637/(0
5,456
12,280
656,769
'
75,(00
542,218
18,716
1,988/94
1,300.403
5,208,664
21,074,656
3,963,333
Due from
349.224
25,COO
242,084
234,500
.36,797
36,771
29.6 10
39.
28.9 10
29 2-10
26.1-10
27.3-10
22.9-10
32.
27.9-10
346,096
750,000
225,000
695,000
80,000
30,000
409,664
1,670
30,126
35,025
53,705
131,806
110,405
21.787
21.5-10
75,600
3 7',000
518.593
495,160
277,384
19.6/10
40,807
649,412
1,384,383
7,958,177
Cincinnati
Cleveland
419,742
138,939
98,320
5,422
32,649
87,927
20,155
22,753
17,107
86,996
12,728
21.8-10
20,1.00
85,000
195,000
1,348,229
2,383,721
5,430.709
1,062,041
4,057,627
204,935
46,644
15,614
1,328
9,845
13,309
84,848
7,450
3,700,468
12,963/(20
4,437,721
4,774,702
2,597,649
37,807
116,045
iftcates.
$5,000
712,463
4,263,150
28 4-10
21 9-10
20.6-10
28.
24.1-10
44.1-10
13.6-10
13.5-10
27.9-10
€00,842
15,310.989
18/78,456
2,408,367
Louirviile
5,496,574
3,634,062
2,832,495
1,807,685
908,104
1,887,949
1,112,360
695,381
147,026
61^,708
1M,4I5
847,815
cen
$1,077,246
471,408
207.167
15 5-10
17.4-10
22 S 10
618.491
reserve-
cent
Tenders.
Specie.
$32,234
26,872
39,793
21.1-10
29.6-10
17.9-10
39.9-10
10.5-10
20 9-10
22.3-10
19.9-10
19.7-10
20.3-10
4,569,614
44,744.979
16
New Orleans
Leaven w< rth
'
Legal
21.1-10
iS.
27.3-10
1,106,007
—Funds available for
to
298 575
-
OF THEIR
Three per
liabilities.
963,081
103,135
470,846
39,032
225,391
SHOWN BY THE REPORTS
—
20.7-10
22.1-10
19.7-10
20.8-10
19 9-10
22 1-10
20 8-10
22.4-10
re-
cent of
-
$2,642,286
1,508,086
1,743,839
11,398,751
3,789,960
6,67»',875
14,934,632
5,650,116
8,970,234
619,625
1,206,146
932,311
718/.74
514,643
quiredt25,p$p
by
9,481,877
Washington
Chtca o
Detroit
Mi waukee
St. Louis
•
$72,900,450
Boston
Baltimore
712,090
Liabilities
Number to be pro¬
R< sc rve
heid.
487,307
86,522
177,162
476,380
106,814
328,424
112,548
••288,173
32,838
40,796
■19,750
Nebraska.....
Per cent
of reserve
ve re¬
cent of
liabil ties.
$12,781,420
6,812 »77
8.833.576
54,740,: 85
19,063,019
30,157,802
AS
OCTOBER, 1870.
DAY OP
quired 15 per
by
2,955,703
4,944,497
27,674,292
19,494,076
13.954.746
6,673,875
8TH
ON THE
3,636,460
8
54,945,230
29 7-10
*3 5 10
; $2,966 506
$24,089,085
9,141,643
17,648,577
$2,121,COO
17,015,000
$12,300,000
11,140,000
$44,064,185
Due from
redeem'g
Agents.
$9,561,189
2,190,096
1,286,679
1,707,915
779
35
*as
491,686
832,126
THE CHRONICLE.
December 10, 1870.)
THE COMMISSIONER OF INTERNAL REVENUE.
iUICAL REPORT OF
Treasury Department,
Office of Internal
to transmit herewith the tabular statements made
this office, which the Secretary of the Treasury is
n£mtred to lay before Congress, as follows:
mohip A showing the receipts from each specific source of revenue and
.vi amnnnts refunded in each collection district, State and Territory of the
united States, for the fiscal year ending June 30, 1870.
uXip B showing the number and value of internal revenue stamps
monthly by the Commissioner, the receipts from the sale of stamps
mi Sip commissions allowed on
the same; also the number and value of
♦ornrm for tobacco, cigars, snuff, distilled spirits
and fermented liquors,
Ed monthly to collectors during the fiscal year ending June 30, 1870.
mohiP n showing the territorial distribution of internal revenue from va¬
I have the honor
ernm the accounts of
rans sources in t he United
States.
wihie D showing the aggregate receipts from each collection ^district,
and Territory for the fiscal years ending June 30,1863,1864,1865,1866,
1887 1868,1869 and
Tfthie E showing
for the
1870.
the total collections from each specific
fiscal years ending
$84,468,288 57
69,184,725 13
increase of 22 per cant., or total increase of
an
The total receipts for the last six months of 1870
And for the like period of 1869 were
Being an increase of 11 per cent.,
15,283,663 44
$100,767,579 40
90,854,619 16
are
or total increase of
9,912,960 24
A
comparative statement is here submitted from which it ap¬
pears that the total receipts for the fiscal year 1870 are... .$185,235,867 97
The total receipts for the fiscal year 1869 were
160,039,344 29
Showing
a net gain for the present year of. a *
25,196,523 68
A
general increase of the revenue at the rate of 15 7-10 per cent,
receipts of last year from all articles and sources.
on
the
comparative statement showing the aggregate receipts for the fis¬
cal YEARS ENDING JUNE 30, 1869, AND JUNE 30, 1870; ALSO THE IN¬
CREASE OR DECREASE, AND THE INCREASE OR DECREASE PER CENT.
source of revenue
June 30, 1863,1864,1865,1866,1807, 1868, 1869 and
^Table^shwving the ratio of receipts from specific sources
to the aggre¬
collections for the fiscal years ending June 30, 1864, 1865, 1866,
1867 1868, 1869 and 1870, respectively.
Table G an abstract of reports of district attorneys concerning suits and
nrosecutions under the internal revenue laws.
F
These tables exhibit the full result of the operations of this Bureau from
its organization to the present time.
The estimate submitted in my annual report for 1869, of the probable rerecpts from internal revenue sources, exclusive of the direct tax upon lands
ana the duty upon the circulation and deposits of national banks, for the
fiscal year 1870, has been more than realized. That estimate was $175,000,000,
and the aggregate receipts, under the then existing laws, are shown to be
*185 235,867 97, an excess of $10,235,867 97 beyond the estimate.
This aggreffate’inciudes the sums refunded for taxes illegally assessed and collected,
amounting to $196,809 81, as well as the amount of commissions of
of all
gate
The total receipts for the first six months of 1870 are
And for the like period of 1869 were
Being
Revenue,
Washington, October 31,1870.
749
collectors.
Drawbacks have only been allowed on general merchandise under section
171 act of June 30, 1864, limited by the act of March 31, 1868, to ale and
patent medicines, amounting to $5,838 55.
The amount allowed lor the same for 1869 was $377,411 31.
The drawback on rum and alcohol is not considered in this Bureau.
Sources of Revenue.
Increase.
Spirits
Tobacco
Fermented liquors
Banks and bankers
Gross receipts
Sales
Special taxes not elsewhere
Decrease,
$10,655,197 44
7,920,000 31
219,247 36
Increase Decrease
per cent, per cent.
23
34
1,084,394 61
593,801 17
630,555 94
819,505 59
2,984,017 78
427,745 92
Successions
Articles in Schedule A
9
9
34
229,486 36
enumerated
Income, including salaries—
Legacies
4
33
9
8
19
24,581 36
3
Passports
Gas
Sources not elsewhere enum’d
Penalties
Adhesive stamps
$6,697 00
23
197,411 65
556,873 68
49,184 07
*
128,333 05
4 5 Of 1
„
statement showing
the
RECEIPTS
Sources of Revenue.
Spirits
FROM TITP1 SEVERAL
June 30,1869. July 31, 1869.
$45,026,401 74 $46,318,206 37
23,430,707 57 24,632,150 77
6,099,879 54
6,046,094 65
,
Tobacco
Fermented liquors
Banks and bankers
3,335,516
6,300,998
8,801,454
34,791,855
1,244,837
1,189,756
882,860
29,453
2,116,005
1,284,978
877,088
16,420,710
52
82
03
67
84
01
22
73
00
82
98
79
01
160,039,344
receipts
Gross
Sales
29
:
8,206,839
Special taxes not elsewhere enumerated..
Income, including salaries
Legacies
Successions
Articles in Schedule A
Passports
Scources not elsewhere enumerated
Penalties
Adhesive stamps
Total
Sources of
Total
25,809,278 43 612,764 75
15.7
The steady and regular increase of the revenue for 1870 is more
fully
shown by the lollowing statement of yearly receipts from the same
sources,
for the year ending with each month from Juue 30,1869, to June
30, 1870 ,
inclusive:
revenue.
Spirits....
Tobacco
Fermented liquors
Banks and bankers
Gross receipts.....
Sales
Special taxes not elsewhe enumerated
income, including salaries.
Legacies
Successions
:
Articles in Schedule A
Passports.
Gas
Sources not elsewhere enumerated
Penalties
Adhesive stamps
Total
00
70
82
41
76
771,849 47
16,545,332 79
703,491
16,643,763
95
72
60
165,121,906
46
90
98
3,512,870
6,366,686
8,383,564
8,894.557 77
36,054,554 08
1,248,264 94
1,18(,402 90
886,927 00
23,346
2,13', 110
836,164
163,837,884
■
^^producing capacity of the
as ascertained
•Join grain
2 890
registered* distilleries for each twenty-
by surveys is as follows:
’§!
wiiFXSL?8,1!! sPirit-Producing capacity
910,551
fwrLiS seen that if the distilleries, other than fruit, were operated to
OtaHiK^t ol their capacity for a period oi ten months, throughout the
Iona a&faea80n fj? eactl year, they are capable of producing 203,912,800 galwbichiRMnSSSf11tyZ however, is largely in excess of our consumption,
The ££ ,“iated at ft‘om seventy-five to eighty millions of gallons.
subieeMnH.Jir1Ration which this office has been able to procure on this
that
It
the
they
The
r£Jrn« £
67
168,168,114
#8
•
28,395,267 94
6,015,199 16
3,686,124 77
6,527,531 84
8,587,429 64
9,191,729 54
37,151,424 75
1,447,600 45
1,229,829 29
894,834 46
25,114
2,176,905
552,663
673,166
00
17
53
61
16,638,784 74
29,258,064 65
6,019,612 09
3,747,903 87
6,589,7y3 92
8,705,793 26
9,261,579 30
37,345,543 61
1,457,470 51
1,272,292
24
895,385 68
26,559 00
2,200,161 46
527,638 32
709,083 33
16,772,192 49
170,461,543 07 173,890,925
78
29,181,133
6,046,031
87
98
3,800,744 83
6,632,402 96
8,762,930 10
9,308,216 19
37,578,187 02
1,526,772 83
1,327,259 26
'895,360 96
27,734 00
2,216,008 63
448,080 27
696,402 01
16,796,023 57
175,322,907
73
31,1870. Feb. 28,1870. Mar. 31, 1870. April 30, 1870. May 31,1870. June 30, 1870.
$50,730,929 98 $51,549,415 53 $53,128,401 07 $53,005,203 17 $54,752,077 30 $55,581,599 18
29,336,064 20 29,886,804 77 30,287,941 09 30,539,423 97 31,157,164 39 31,350,707 88
6,061,921 48
6,068,641 89
6,098,814 20
6,140,193 43 h 6,214,506 57
6,319,126 90
3,923,134 11
3,974,893 68
4,104,204 83
4,211,499 58
4,251,813 04
4,419,911 13
^6,692,517 21
6,704,820 29
6,807,466 82
6,808,190 13
6,843,909 95
6,894,799 99
8,815,949 90
8,767,462 85
8,822,002 59
8,799,847 88
8,8»2,039 76
8,837,394 97
9,353,123 47
9,377,360 89
9,424,886 04
9,427,854 10
9,652,942 71
9,620,960 26
37,706,476 19 38,011,584 84 37,960,792 65 38,550,090 50 37,785,927 01 37,775,873 62
1,618,023 32
1,614,902 71
1,625,438 71
1,642,695 30
1,656,667 16
1,672,582 93
1,394,796 89
1,425,058 54
1,365,472 44
1,375,771 88
1,422,466 17
1,419,242 57
894,145 08
893,005 62
892,418 75
893,876 39
895,944 79
907,442 09
23,780 oo
25,000 00
23,634 00
24,999 00
22,736 00
22,756 00
2,246,974 00
2,278,246 41
2,282,848 14
2,303,627 27
2,316,669 32
2,313,417 37
470,905 31
493,826 81
619,477 10
608,690 78
613,208 01
728,105 30
692,565 73
702,369 84
662,687 22
638,643 91
817,093 30
827,904 72
16,849,580 18 16,827,814 48 16,677,345 28 16,642,779 11 16,586,422 48 16,554,043 06
2,120
nours,
00
27,242,860 91
6,052,763 70
3,664,864 20
6,504,621 36
8,503,543 69
9,108,861 58
36,897,160 77
1,306,937 25
1,202,355 19
895,015 75
23,371 0$
2,165,728 53
680,058 19
701,496 33
16,735,635 49
Jan.
v
®
74
22
16
00
79
44
49
33
22
60
176,810,887 05 178,601,209 15 180,783,830 93 181,613,386 40 183,791,587 96 185,235,867 97
Total
our
Aug. 31, 1869. Sept. 30,1869. Oct. 31, 1869. Nov. 30, 1869. Dec. 31. 1869.
94 $46,582,840 67 $47,268,037 18 $49,101,852 05 $50,079,629 25
$45,682,168
25,810,913
6,054,197
3,606,732
6,402,907
8,484,278
9,016,185
36,523,227
1,276,960
1,181,131
892,490
23,391
2,133,885
686,181
From the foregoing table it appears that there has been a continuous
increase in the receipts from the excise tax from June
30,1869, to June 30,
1870, aggregating the sum of $25,196,523 68, and averaging for each month
$2,099,710 30. The term “sources not elsewhere enumerated” embraces,
among other things, the residuum of taxes uncollected under previous laws
wmch had been repealed.
For the last year this class has been greatly
reduced by the more thorough action of collectors.
The exhibitions of the
foregoing table, and the deductions therefrom,
with the general
knowledge which experience in administering the internal
revenue laws has
furnished, satisfy me that there is no insurmountable
mmculty in enforcing our excise laws; and that a proper regard to the
qualifications of revenue officers for
ability and integrity is what is most
essential to secure the
prompt and certain collection of internal taxes. The
employment of spies and informers, and the policy of
paying moities, if
tney were ever useful, are, in my
opinion, no longer necessary. I think the
?e service would be improved by discontinuing such aids. The officers
“detectives” should be continued in the service under the
aesignation of assistant supervisors.
SPIRITS.
me number of
distilleries (other than fruit) registered during the last
fiscal year is
®
770
Number of fruit distilleries
registered
«
GENERAL SOURCES OF REVENUE FOR THE YEARS ENDING—
d
auction in
the whole number of distilleries (other than
about the period of six months only, and for that period
th£ mi extent of their producing capacity.
°?ce *or the last fiscal year show a total pro¬
taxable gallons, from material other than
fruit, of. 71,337,099
From fruit
From fruit, not yet
returned, but estimated at
•
938,254
150,000
Total yearly production
.72,425,353
This may not prove to be absolutely correct, but it is believed to approxi¬
mate the quantity actually produced.
The produciion of spirits from fruit is likely to be largely increased for the
current year, owing to the extensive crop of fruit grown in many parts of
the United States, and owing to the further reason that the revised regula¬
tions, issued from this office in July last, under section two of the act of
July 20, 1868, governing fruit distillation, have relieved the manufacturers
from many of the requirements applicable to grain distillation, and which,
when applied to fruit, were iound so burdensome as almost to prohibit its
distillation.
I consider that much credit is due to the local revenue officers of the fruit
distilling districts for the energy and judgment they have exercised in car¬
rying out these regulations.
Gallons.
quantity of spirits in bond July 1,1869, was
16,685,166
quantity entered in bond for the year ending June 30, 1870,
was
71,337,099
The quantity withdrawn from bond during last peiiod was
76,339,807
The quantity remaining m bond June 30, 1870, was....:
11,682,458
The quantity remaining in bond July 1, 1869, as per present report,
in excess of the quantity stated in my report for 1869, shown
by corrected reports of collectors received subsequent to the
publication of the report for 1869
21,328
Judging from the information in possession of this office, there is no rea¬
son for believing that there will be any material falling off in the production
of spirits during the current fiscal year.
The plan of surveying distilleries on the basis of a forty-eig ht hour fer¬
menting period, for sweet mash, to which attention was called in my last
annual report, has been fully carried out, and Its results are highly satisfac¬
tory and advantageous to the Government. It has largely increased the per
diem and capacity taxes, and has contributed to produce, among this class
of distilleries, an equal and uniform basis of taxation, as well as security
against illicit distillation. It was at first strenuously opposed by the distil¬
lers in some parts of the country, and occasioned considerable litigation in
the courts, in all of wliich the Government has been sustained where decis¬
ions have been rendered; and the distillers themselves seem to have gen¬
erally come to the conclusion that the policy of the Government was just,
and that the action of the Department was beneficial, not only in enhancing
and collecting the revenue, but in promoting the entire distilling interest of
the country.
The
The
4
price and value, simply because one in no**
not reverse the rule and niT1
the lesser upon chewing?
With a uniform tax of 32 cents per pound on all manufactured
the revenue can be collected with much greater facility than at nrS
Manufacturers would be at liberty to adopt any modes of manipulating *
raw material, or any process of manufacturing it they deemed fit
being questioned by the Government. There would be less inequality in E
practical operations of the tax on all classes of consumers, while
ceipts of the Treasury would be increased, taking the last fiscal year narhl
"
basis, by at least $4,500,000.
I am satisfied that the honest and larger portion of the tobacco trade aw
generally in favor of a.uniform rate of tax on all descriptions and gradeRnf
manufactured tobacco, and while a portion of the trade favor a tax of ii
cents, a large majority are indifferent as to the rate, whether 16 or 32 cent!
per pound, provided the tax is uniform, is thoroughly collected, and tht
manufacturer left free to manipulate his product as he oleases.
e
of taxation on articles of equal
engaged in the busi¬
with: the
tois general
remark, and In some localities a spirit of insubordination and defiance is
still manifest, but 1 do not think there is anything like a systematic or or¬
ganized opposition to the enforcement of the laws taxing spirits to be found
I desire to say, also, that as a general rule those now
ness of distilling seem to be disposed to obey the law and comply
orders and regulations, of this Bureau. There are exceptions to
among
this class of manufacturers.
....
The ‘‘new rules and
for smoking and the other for chewing.
Why
the larger tax upon smoking tobacco and
i
SPIRIT METERS.
regulations” for the procurement and use
of spirit
meters, which I had the honor to transmit to Congress at its last session,
have been continued in force, but the time for procuring and attaching the
instruments has been extended in order to make perfect tests of the meter
in the few instances where it had been attached under such regulations.
I have been desirous, by these tests, to ascertain, with certainty, whether
the sample meter, which was ail that was preserved by the old system, is of
sufficient utility to justify this office in requiring its procurement and use oy
•distillers; and I have felt unwilling to enforce it until I was fully satisfied,
by experimental use, of the propriety and justice of doing so. The few in¬
struments now attached are undergoing the strictest surveillance, but have
not been fully reported upon by the officers in charge. As soon as such re¬
ports are received and considered, Congress will be informed, through you,
of the results, and of the opinion of this office as to the propriety of con¬
tinuing the use of the Tice spirit meter.
THE SALE OF
of 32 cents per pound “on all tobacco twists
into a condition to be consumed or othenrui
prepared without the use of any machine or instrument, and without beff
pressed or sweetened.” It is not thought to have been the intention of Con
gress to impose a tax upon raw or leaf tobacco sold in the condition in whicii
it is originally cured and packed by the farmer or planter lor sale, ortE
tobacco stemmed and prized lor manufacture or exportation. But without
believing it to have been the intention to tax the raw or leaf tobacco gold
directly to consumers for chewing or smoking, it is very difficult to deter
mine what description or class of tobacco was intended to be reached by a
process of preparation involving neither the use of any machine or instrn
ment, nor any process of pressing or sweetening. If it was the intention to
tax all tobacco, even the raw leaf, if sold for immediate consumption I
Recognizing the necessity oi adopting and prescribing for use a standard
saccharometer in pursuance of section two of .the act of July 20,1808, 1 in¬
vited manufacturers of the several varieties to present samples for exami¬
nation ana test.
Several instruments were received and referred for experi¬
ment to the American Union Academy of Literature, Science and Art of this
city. The resuit was announced m the report of the Academy, and printed
by direction of Congress in Ex. Doc. No. 272, 2d sess. 41st Congress. In
order to reach the most satisfactory results, I invited and received other
samples, which, together.with those previously considered, and the evidence
relating thereto, were referred
would recommend that the law be made so explicit as to remove all doubts
the subject.
But, if under no circumstances a tax is to be assessed upon
raw or leaf tobacco, even when sold directly to consumers, then I would re¬
commend that an equivalent for a specific tax on the product be imposed
on
for further examination .to a committee of
....
officers connected with tills Bureau.
.
.
The results of the investigations made are favorable to the selection
a
standard saccharometer, and its use by internal revenue officers having di¬
rect supervision of distilleries and the business of distillation.
approx¬
upon the dealer, as a special tax, whenever he sells directly to consumers
There is reason to believe that a large majority of all the leaf dealers in the
ountry are retailing leaf tobacco for consumption in quantities to suit pur-
of
imation with which the saccharine and
The
hasers, sales being made of one
alcoholic values of washes, worts or
instrument for
'
EXPORT BONDED WAREHOUSES.
The law authorizes the Commissioner of Internal Revenue to designate
and establish, at any port of entry in the United States, bonded warehouses,
for the storage of manufactured tobacco and snuff in bond, intended for ex¬
that additional authority by law be given
to the Commissioner of Internal Revenue, to procure at the expense of the
Government such saccharometers and gauging instruments as the good of
the public service shall require, and that he prescribe rules and regulations
concerning their distribution, use, and the manner
charge of the same shall account therefor.
THE PRESENT LAW
in which officers in
AS TO SPIRITS.
The experience of the past year has served to strengthen my previous
opinions as to the impolicy of changing the law taxing spirits, and induces
me to repeat the recommendation in my last annual report that the rate of
tax and the manner oi its collection be left as they are now provided for.
The receipts from this source for 1870 are $55,581,599 18, already within
four and a half millions of my estimate, “alter the present law shall have
been brought into complete execution with such amendments as time and
experience may demonstrate to be necessary to perfect the system.” An¬
ticipation is almost realized without time; and experience seems to declare
it to be unwise and inexpedient to change the law in any essential feature.
TOBACCO.
The receipts from tobacco continue to
to the second table it will be seen that
from this source, are
For the preceding year they were
be highly satisfactory.
By reference
the receipts for the last fiscal year,
$31,350,707 88
23,430,707 57
$7,920,000 31
Showing an increase of
This increase of nearly $8,000,000 has not been spasmodic, but is a regular
monthly increase, averaging over $600,ooo per month. It is to be observed,
also, that the late crop of tobacco was an inferior one, owing to a general
drought in many of the tobacco-growing districts.
Notwithstanding this favorable exhibit, I desire to direct attention par¬
ticularly to some defects in the provisions and operations of the law taxing
tobacco.
The present law imposes two rates of tax on all
one of 16 cents and the other of 32 cents per pound.
It seems to have been
the intention to apply the former rate only in exceptional cases, while the
manufactured tobacco,
general rate was to be double the amount. But in practice it was found
that what was to have been but occasional and only exceptional has come
to oe too nearly the general and prevailing rate on all tobacco manufactured
and sold as smoking tobacco, while much that is intended and used for
chewing is sold also under the lesser rate.
The law now provides “that on all smoking tobacco, exclusively of stems,
or of leaf with all the stems in, and so sold, the leaf not having been previ¬
ously stripped, butted or rolled, and from which no part of the stems have
been separated by sifting, stripping or dressing, or in any other man¬
ner, either before, during or after the process of manufacturing, a tax of
sixteen cents per pound shall be paid.”
Under this provision manufacturers claim that they have a right to manu¬
facture cut or granulate tobacco, the raw or leaf tobacco even having been
previously submitted to a process of sweetening, and if the final product
contains ail or more than all the stems natural to the leaf, that they are en¬
titled to sell it under the 16 cent tax. They allege that they do not know,
and are not bound to know for what purpose their goods are bought and
sold. Tnat the same article may be used, and frequently is used, by the
same persons for both smoking and chewing.
Long cut smoking, especially
if sweetened, may be used instead of fine cut for chewing. The cheapest
grades of plug tobacco, although taxed at 32 cents per pound, are quite as
generally used by the poorer class of consumers for smoking as the cut or
granulated smoking, which is taxed but 16 cents per pound, though a very
much higher priced article as sold in the market.
To make the rate of tax
depend on the process of manufact ure unquestionably opeus a wide door
for fraud. No one can determine by inspection of the product whether a
given sample of. cut or granulated smoking tobacco contains ail, or more, or
less than the natural quantity of stems.
It is believed to be impossible by
any single machine hitherto in use by manufacturers, by a single process,
to reduce ordinary leaf tobacco entirely to even, homogeneous and similar
particles. This can be accomplished only by two or more different machines,
or by a succession of operations through the same machine.
And these
processes enable the manufacturer, from the same material, and at the
same time, to make different grades of smoking tobacco, contaming more
or less stems, at pleasure
exist, and necessarily so, for
fine the grade or high-priced the article,
escapes with only the payment of the 16 cent tax, as being made of leaf with
all the stems in. The poorest quality of stem smoking or leaf, cut with all
the stems in, pays the same price as the highest priced smoking tobacco,;
provided the latter is claimed to have been cut, in the words of the law,
“with all the stems in,” and at the same time the lowest and poorest grades
of plug and twist tobacco pay double the rate of tax of smoking tobacco,
which sells m the markets of the country at double the price of the plug and
Under the
present law great inequalities
nearly all smoking tobacco, however
wist.
I am satisfied that there is but one remedy for
under this head, and that is to make the tax on all
the frauds perpetrated
descriptions of tobacco
uniform. Less of inequality would then exist under a tax Of 32 cents per
pound than under the present rates.
.
. ,
There seems to be no good reason why there should be two different rates
The aggregate amount of
ernment revenue.
authority given
I would, therefore, recommend
pound or less.
such sales may not be known, but they will reach many millions of pounds
sold and consumed annually, without producing any revenue to the Gov¬
ernment.
Manufacturers who are required to pay not only a special tax for carrying
on their business, but a specific tax also on all their products, have reason
to complain of this traffic so damaging to their interests as well as the Gov¬
in¬
beer may be determined by its proper use, its importance to the revenue
terests of the Government,, and the successful operations of the distiller,
have been fully demonstrated.
There is, however, no authority oi law for procuring this
the use of revenue officers at the expense of the Government; and as such
use will be mainly for the benefit of the Government, I have not felt war¬
ranted in imposing that expense upon distillers under the
me to adopt and presenbe for use such instruments.
,
LEAF TOBACCO TO CONSUMERS.
The law now imposes a tax
by hand or reduced from leaf
SACCHAROMETERS.
.
[December 10( lgty
TfiB CHRONICLE.
750
portation, while at the same time it authorizes the collector in charge of ex¬
ports at such ports to issue a permit for the withdrawal of such tobacco and
snuff for consumption, after the tax has been paid thereon.
Upon taking charge of this office, I found that there had been established
by my predecessor, under the act of July 20, 1868, fifteen export bonded
warehouses for the storage of tobacco and snuff intended for export, to
wit:—One at Boston, five at New York, four at Philadelphia, two at Balti¬
more, one at Richmond, one at New Orleans, and one at San Francisco.
Repeated applications have been made lor additional warehouses within
the last year and a half, but believing that it was the design of Congress not
only to abolish the old system of Class B warehouses for tobacco and snuff,
but to limit the facilities for bonding to such goods as were in fact Intended
for exportation, and also believing that the distinguishing feature of the
present law, and that which made it radically difierent from previous laws
on the subject of manufactured tobacco, was the prepayment of the tax by
means of stamps before the removal of the goods from the place of manu¬
facture, I have denied these applications, for the reason that the number of
bonded warehouses already established greatly exceeds that actually re¬
quired to accommodate the export trade.
The quantity of tobacco stored in the several export bonded
warehouses during the fiscal year ending June 30, 1870, was,
(pounds)
19,612,629
The quantity withdrawn for exportation was, (pounds)
8,268,097
The quantity withdrawn upon payment of tax was, (pounds)
12,006,377
This shims that only about two-fifths of the goods bonded are actually ex¬
ported, and nearly all of these are exported from New York and Boston.
It is a fact that a large proportion of the goods stored in export bonded
warehouses was never intended for exportation, the goods themselves being
unsuited lor foreign markets.
They are shipped by the manufacturer in
bond, and being stored, are consigned to wholesale dealers and jobbers, thus
securing to the latter the advantage of placing the goods upon the market
without the prepayment of the tax, as the law requires in all other cases,
before the removai of goods from the manufactory. By shipping these goods
in bond the dealers and jobbers receive, on an average, from four to five
months’ credit, and as this privilege can only be enjoyed by dealers and job¬
bers in the seaport towns, where by law these warehouses are authorized to
be established, it creates an inequality m the trade, preferring one class of
dealers over others, and is the source of much complaint. To remedy this
inequality and correct the evils of this system, I would recommend that toe
law be so amended as to allow no goods entered for export in bonded ware¬
houses to be withdrawn therefrom for consumption, upon payment of tax,
until twelve months from the time they were so bonded.
By limiting the
time for withdrawal, no goods will be entered except such as are flcwgJJ
intended for export, and the privilege of withdrawing for consumption
after twelve months, will relieve any parties who, having entered goods ior
export, fail afterwards to export the same. Should it be deemed inexpefflent to limit the time before which permits for the withdrawal of goo&
on the payment of tax are not to be issued by the collector, then I jojg
suggest that iurther authority be given to the Commissioner of hue™
Revenue to establish bonded warehouses at other places than pom o
entry, giving like facilities for bonding, and equal time before pnyment
taxes, to wholesale dealers and jobbers in manufactured tobacco in oiuei
large cities, as are now enjoyed by those doing business in the cities men¬
tioned, where export bonded warehouses are located.
ACT OF JULY 14, 1870.
■>
I deem it my duty to call the attention of Congress, througli you, to cernui
defects, ambiguities, and contradictions, which, in the hurry ol leglslauonujcident to the closing labors of a session, appear in the act of July i*»
In some instances, also, where the language.is clear, the legal effect,isue
to be entirely .different from what is understood to have been designs
oi
,
Congress.
the. taxes imposey
by the act of
,»
amendatory thereof. Section 2 of the act of July
13 ’
It is believed to have been the intention to retain all
upon sales of distilled spirits, wines, and malt liquors,
1868, and acts
nevertheless repeals the tax upon sales of malt li/iuors.
it wae.eYidentiy. the. purpose, of section 5. to empower collectors
at any time prior to August 1, 1872, all penalties for issuing
stamped, unless, the omission of stamps was. with
owing to a change made in the bill as reported by the Senate
mittee, the tetter of the law is such as to postpone until August,
relief which was designed to be immediate.
.
jt
to re J.
instrument
fraudulent.intern;
Finance uui
„
Tnnfl
«o,
provides that sections 120, 121 and 122 of the act of Jun
,
1864, as amended, shall be construed to impose the taxes therein menu
to August 1, 1870, and no longer.
ftnd bi¬
section 15 provides ‘‘that there shall be levied and collected ror au
ring the year 1871, a tax of two and a half per centum on the amoun
interest or coupons paid, or bonds or other evidences of debt ibsucu
payable in one or. more years after date by any of the
amlngB,
section hereinafter mentioned, and the amount of all dividends or ei savings
income, or gains hereinafter declared, by any bank, trust compay,
jjj
institution, insurance company, railroad company, canal company,
Section 17
vu* y
v
jjeeember 16,
•' ‘i
1
navigation company, andslackwater company,: wheneversame shall he payable, and to |whatsoever person the
^hPdue including non-residents, whether citizens or aliens.”
tfjfaed to have
cent, tax
to
the
<ft£!Llhp1i<hred to have been the intention laxcontinue and five per per cent.
of two
to substitute .a
a half
BJ*^ncmst 1 1870, and. to substitute .a lax oi two and a half per cent,
4.1
■.
.
rAnfti
jg^ohah’d after that date.^ But, owing to thfj>epuliajjanguage of the
Pennsylvania) in the cas
.
.
„
Ifl£L2l¥omDanv vs. Barries, collector, no tax can be withheld from divi?fffiouDons, or interest, payable during the first seven months of 1870;
dWiahirfher maintained that corporations cannot be required to pay any
the dividends pay able during the remaining five months. The
Wtn withhold a tax from the salaries of persons in the Qivil, military or
rlg i opmce of the United States during the first seven months of 1870,
noon the points involved in the case above named. ^fflSioimtof tax indirectly involved in this question is very little less
a^TnrtiitonB of dollars. It is of such importance that I have not felt at
SSrrtn aoauiesce in the decision of the circuit court until it shall have
E?affirmed by the court of last resort. Steps have been taken, therefore,
rSJShe opinion pf the Supreme Court of the United States pronounced
the auestions in issue.. Herein I deem it proper to state that as early
uliaTinfiw4 1870,1 called the attention ofthen ia force,
Congress, through its appropriate
he law
mmittee to the ambiguities Of the law then in fnrofl and the difficulties
nnrf thp rtifflnnltiPH
SSytoSse in the collection of these taxes, and asked for legislation upon
Thiareauest, as appears from the records of this office, was repeated FebhmvS. April 7 and 25,1 and May 20, following, and was repeated orally and
state
t;
ffiB OHRONlOtU.
1876.]
of
i
JnpeiBOBpt several otherbytimes,circuit court of Pennsylvania to have been
.The legislation was finally enacted July
been declared
the
United States direct-tax commissioners were appointed In each of said
States, who entered upon their duties and completed the assessment rolls
in several of the States, and collected a portion of the taxes in each oi the
insurrectionary States except Alabama, in which no part of her quota was
‘’ l
; ; • " >-* •
ever collected.-'*
" *
•
»•
In Virginia, South Carolina, Florida,^Arkansas-and Tennessee, lands were
sold for the non-payment of taxes charged against them.
Landswere bid in at the tax salea by the tax'commissioners, and
never
having been redeemed are still owned by--the -United
•
follows:
In Virginia, lands valued, according to the assessment of-1860;
In South Carolina, lands valued by the commissioners at
In Florida, lands valued -by the commissioners at.
In Tennessee, lands valued by the commissioners at;
States, as
.
at... $75,000
300,000
26,060
809,000
——
1
Making a total approximate valuation of
709,000
None of these lands are now yielding any revenue to- -the Government,
except in South Carolina and a few traots in Florida. • -Steps are being
taken, however, toward placing a record of these-lands in a condition
whereby the Government may control and obtain mere revenue from them. During the several years in whioh no control was exercised by the United
States over its direct tax lands, except in South Carolina-,-parties took pos¬
session, assumed-ownership and conveyed formal titles to many of them.
Alleged innocent purchasers are-now ordered te• surrender possession of
for the use of
extensive
them to officers designated to take charge of and collect-rents
them. In many-cases the alleged innocent purchasers have made
improvements on the lands and made them their homes. \ ‘
The sales of lands for non-payment of the direot-taxes in-the said eleven
States were suspended by order of the Secretary-of the Treasury in
May, 1865. The collection of the tax in said States was suspended in
desired
^August, i860, and by several acts of Congress suspended- until January 1,
15, that “when any dividend is made or interest
1869; since which no aotion has been had by Congress, or by the Executive
ia paid winch includes any part of the surplus or contingent lund of any
authority, nor have the conditions, been resumed in any of the said eleven
Mrwrattouwhich, has been assessed and the tax paid thereon, or which inSndeflaiiy part of the dividends, interest, or coupons received irom other Std<t6d several boards of United States direct-tax commissioners were dis¬
The
corporations whose officers are authorized by law to'withhold a per centum
solved on or before the 30th of April, 1867, except in South Carolina. This
on the same, the amount of tax so paid on that portion of the surplus or
board has been continued in consequence of additional duties imposed on
cdhttHgent fond, !and the amount of tax which has been withheld and paid
'the commissioners for that State, m connection with the disposal of the
Mridends, interest, or coupons so received, may be deducted from the
direct-tax lands, in pursuance of several acts of Congress, and the instruc¬
MSdividend or Interest.”
..
tions of the President dated September 16, 1863. That board has been dis¬
Owing to* a change in the rate of taxation from five per cent, to two and
continued from October 31,1870.
one-half per cent., taxes properly paid upon surplus prior to August l may
There is now due to the United States, on account of deferred payments
now be again appropriated to the payment of t axes upon earnings since
in South Carolina, $150,000, and the time for it9 payment has expired.
that 'date For example:—A dividend of $25,641 03 is declared on or alter
The duties which remain to be performed there are managing the directAngnat i, 1870. Included in this dividend, however, and constituting a part
tax lands, by leasing and selling the same where there is authority to sell,
of it; are :$15,04l 03, taken from a fund from which prior to August 1 there
collecting “special” and “school-farm” rents, collecting deferred pay¬
was paid, aa then.required by law, a tax of five per cent.
A tax of two and
ments, and applying the funds arising from the different sources according
one-half per cent, upon the entire dividend is $641 03; the tax of five per
• -s’ ~ 1
-- to law.
cent* paid upon the surplus is $782 05. The law allows the tax paid upon
It appears that a considerable amount of money was collected illegally
the surplus to be deducted from the tax assessed upon, the dividend. In the,
by the direct-tax commissioners, -but Congress, by an act approved Feb¬
,-the former exceeds the latter, and consequently earnings since
ruary 25,1867, provided for refunding such illegal collections by the Secre¬
tary of the Treasury. A large number of claims have been presented to this
differently if the law had provided for a deduction of taxed surplus
to
office of this character.
from dividends instead of a deduction of tax from tax.
It may be deemed important that Congress should make provision for the
Pubiic resolution No. 75, approved July 13, 1870, relieved insurance com¬
final disposition of all the lands which have been acquired and are now
certain taxes, but an act passed the next day restored them in
pare! from
owned by the United States, under the direct tax laws, at an early day.
language soplainas, in my judgment, to operate as a repeal of the resolution.
And also, that in the adjustment of the uncollected portion of the directThe repeal of the tax upon receipts for money includes, practically, a re¬
taxes in the late insurrectionary States, a different system from that pro¬
peal of the tax upon demand and sight drafts, bank checks, &c. A person
vided in the act of June 7,1882, should de devised.
who has money on,deposit, instead of drawing by check receives the money
ABSTRACT OF CASES COMPROMISED.
and gives his receipt, which is retained by the bank as a voucher. This
For the fiscal year ending June 30,1870, there were 472 cases compromised
prap^ice is increasing, and seems likely ta become general. While it is an
and settled by the authority of law.
evasion of taxes it is one ror which the present law provides no remedy.
In these settlements, the amount of tax received is
$653,666 51
The repeal of the special tax upon apothecaries takes effect May 1, 1871.
moUto to serve
it is
the purpose
provided in section
nn
.
S,
the amount of $10,000, escape taxation entirely. It would have
After that tune they must either abandon the dispensing and sales of wines
and spirits officinal upon physician’s prescriptions or otherwise, or pay spe¬
cial tejses $s,liquor dealers* unless there shall be additional legislation on
the subject. So far as they are concerned, the act of July 14, 1870, increases
the taxes.
The .defects mentioned are but a part of those already discovered, and
are probably but a small part of those which will eventually be found to
exist* Some of them this office has attempted to reconcile and avoid by
construction. How lar this construction will be sanctioned by the court remite to be
seen.
EXEMPTION FROM STAMP TAXES UNDER SCHEDULE C.
taxation, under Schedule C,
mustard, sauces, sirups, jams
and jellies still liable to the stamp tax. These articles being either condi¬
ments or conserves, and generally of home or culinary production, never
haviugbeen a fruitful source of revenue, and the collection of the tax there¬
on always attended with no inconsiderable amount of trouble and vexation,
I would recommend that they, hereafter, be relieved from the stamp tax
now imposed upon them under the clause in Schedule C, relating to “canned
meats,” 4c.
The act of July 14, 1870, exempted from
canned and preserved fish, leaving prepared
The assessed penalty:
The specific penalty
Total amount
Number of proceedings in rem for the
Number of indictments
Number of other suits in personam.
Amount of judgments
personam
The seizures by
in the violation of
-
The following States
and Territories appear to have satisfied their quotas
Maine, New Hampshire, Vermont, Massachusetts, Rhode Island,
Connecticut, New Jersey, Pennsylvania, Maryland, West Virginia, Ohio,
Kentucky, Indiana, Illinois, Missouri, Michigan, Iowa, Minnesota, Nevada,
Nebraska, New Mexico, Dakota and the District of Columbia,
.
New York, Wisconsin, Kansas, California, Delaware, Colorado
ana
Washington Territories there are balances unsatisfied amountiug to
anrtor
awut
$1,312,000. Oregon and
l herewith submit a table
Utah have paid no part of their quotas.
showing the respective quotas, and the aproxi-
mat^ amount of taxes uncollected in the late insurrectionary States:
vifmma
North Carolina
Quota.
$937,550%
576,194%
363,570%
584,367%
77,522%
States‘ ■
SouthCarolina
Georgia
...
Florida
Alabama
629,313%
413,084%
Mississippi
Louisiana.....
386,886%
Texas..,.r
Arkansas
T
Tennessee
t
355,016%
261,886.
609,498.
6,108*891. 83%
.
Uncollected.
$260,396 50
173,144 01
140,879 70
502,167 33
71,027 28
629,313
343,137
75,022
197,055
33%
61
88
70
1021983 74
266,054 54,
2,691,782 92
—
recovered by United States in suits in
325,521 41
for frauds practiced
for the year ending 30th
internal revenue officers of property
law, and the evasion of tax,
June, 1870, were as follows :—
762,081.48 gallons distilled spirits, valued at...
10,310.60 barrels fermented liquors, valued at
34,142.50 pounds snuff valued at
1,710,619.11 pounds tobacco, valued at
4,010,805 cigars valued at
Miscellaneous
788
1,152
263
1,810
241
2,555
4,131
$1,296,254 32
441,973 05
ABSTRACT OF SEIZURES.
umjmfwaa apportioned to all of the then existing States and Territories, and
m'-ltUr.
6,743
leiture
UNITED STATES DIRECT TAX.
tions of the act of August 5,1861, were suspended until April l, 1865, except
as related to the collection of the first annual tax of $20,000,000, and
oy an act of June 30,1864, it was further suspended until additional legisla¬
tion by Congress was had.
*
collected and paid into Court in suits in personam..
Amounts collected and paid into court as proceeds of for-
By act of Congress, approved August 5,1861, a direct tax of $20,000,000 per
wn»r
1,293
3,552
1,898
fiscal year 1870
Amount
By my direction the collection of taxes on ship builders, assessed under
This act provided that each State, Territory, and the District of Columbia
might pay its own quota, if notice of the intention thereof should be proper¬
ty given on or before the second Tuesday of February next thereafter. Un¬
der this provision of law all the States, Territories, and the District of Co¬
lombia formally assumed the payment of the tax, except Delaware, the Ter¬
ritory of Colorado, and the eleven insurrectionary States. Provisions were
m*qe.for the collections to be made in Delaware and Colorado by internal
revenue officers, and in the eleven insurrectionary States by the appoint¬
ment of United States direct tax commissioners, under an act of Congress
approved June 7,1862. By act of Congress, approved July 1,1862, the opera¬
DISTRICT ATTORNEYS*
—.... —
Whole number commenced
Number of judgments recovered in proceedings in rem
Number of convictions on indictments
Number of acquittals
Number of suits settled or dismissed
Number of suits decided against the United States.
Number of suits decided in favor of the United States
Number of suits pending July 1,1870
the 4th section of the act of March 31,1868, was ordered to be suspended.
I would recommend, through you, that Congress provide, by joint resolu¬
tion or otherwise, for the remission of all such taxes assessed but not col¬
lected on the sales of ship-builders.
the District or Columbia.
926,274 25
received by compromise
ABSTRACT OF REPORTS OF
REMISSION OF TAXES ASSESSED ON SHIP BUILDERS.
•*-.
39,444 52
233,163 22
•»
.
$1,038,840 54
69,647 28
5,662 21
284,071 13
110,230 40
1,888,414 18
property valued at
3,396,871 80
property for the violation
63 of the act of July 13,
provisions applicable to property for¬
The limit in value of the
property seized should be extended lrom $300 to $500, and the expenses of
seizure and custody should be provided for as well as those of appraisement
Total value of seizures
On the subject of the seizure and disposition of
of the revenue laws, I would suggest that section
i860, be so amended as to make its
feited under any of the internal revenue laws.
£tud gale
As the law now
stands the section is nearly useless. It is the common
that the effect of tins summary disposition of small
testimony of officers
with
quantities of forfeited property is beneficial in promoting compliance
the law : and, indeed, that it is the only effective mode of dealing with such
small values to seU in this way. In the Courts the whole value would be
absorbed in costs.
.
t
four years
an average
expense of 32 per cent, of the gross proceeds.
Had this amount of property been forfeited in court, the avails to the
United States would have been much less, IT anything.
:rAMOUNTS REALIZED FROM BALES UNDER. SECTION 63.ACT OF JULY 13, 1068.
Amount de- Per cent, of
following statement it will appear that for the last
nearly $90,000 worth of property has been sold in small lots, at
From the
Year ending:—
June 30,1807
June .30,1868
June 30,1869.
Juns 30,1870
j^Total.
.....
Gross
proceeds.
$15,668 93
42,771 15%
21,941 34%
9,120 80
posited,
expenses.
Expenses.
$11,58246
.25
$3,986 47
.30
29,516 33% ■ V13,252 82
14,970 50
.31
6,961 84%
4,540 42
.50
4,580 38
$89,402 23% v$28,781 51%
..
$60,620 71%
32
,
.
El’wonld further suggest Euch an amendment, of section 3, act of March 2,
shall require thexfierks of the several United States courts to re¬
port' to this Bureau in cases arising under internal revenue laws, a»
they are no\y required to do- in all cases to the Solicitor of the 'Treasury :
*ua also a further provision subjecting clerks, as district attorneys and
1867 as
*
752
THE
CHRONICLE.
United States marshals now are, to the proper rules and regulations estab¬
lished In pursuance of law by the Commissioner of Internal Revenue.
Cattat jEHonetarp aitir Commercial
ESTIMATE OP THE ANNUAL RKCEIP8T IN EACH STATE AND TERRITORY FROM
INTERNAL TAXATION AFTER THE ACT OF JULY 14, 1870, SHALL BE IN
I From
£4. Pennsylvania
“
6.
Kentuckey
16. Virginia
7. Missousi
8. Massachusetts
0. Indiana
10. Maryland
11. California
12. New Jersey
Michigan
13.
14. Louisiana
15. Wisconsin
16. North Carolina
17. Connecticut
Tennessee
18.
19.
20.
21.
22.
23.
24.
Amount.
nnn
837,000
806,000
659,000
West Virginia
Georgia
Rhode Island
Delaware
Maine
86,000
85,000
70,000
53,000
33,000
28,000
21,000
16,000
8,000
4,000
$111,418,000
The foregoing table exhibits the amount which it is estimated will be an¬
nually realized from ail sources of internal revenue, except stamps, after the
law of July 14, 1870, shall have gone into full
operation. The total amount
is $111,418,000. Estimating additional receipts from
stamps at $15,000,000,
there will be a total of $126,418,000. The table is
arranged according to the
revenue value of the States
respectively. The total of this estimate may
be increased yearly in proportion to the increase in
population, business
and wealth, but probably not to exceed 5 per cent. On the basis oi this esti¬
mate the States of New York, Ohio, Illinois,
Pennsylvania and Kentucky,
being the largest producers and manufacturers of tobacco and whiskey,
will contribute $70,70G,000, or 63 per cent, of the entire
receipts, exclusive
of stamps.
Comparative statement showing the receipts from
SOURCES
OF REVENUE
FROM
the several gene¬
SEPTEMBER
1, 1867, TO FEBRUARY
1, 1869, TO AUGUST 31, 1870; ALSO THE
28, 1869, AND FROM MARCH
AGGREGATE INCREASE, AND THE INCREASE
OK DECREASE
FROM EACH
SOURCE.
From Sept. 1, From March 1,
1867, to Feb. 1838, to Aug.
28,1869—18
31, 1870—18
months.
revenue.
months.
Tobacco
Fermented
liq¬
uors
Gross receipts..
Sales.'...
$82,417,419 85
29,327,576 20
46,504,065 64
8,549,410, 83
9,455,570 20
9,630,962 95
Income, i ncluding sala¬
ries
Banks
and
bankers
Special taxes
Legacies
,.
Successions....
Articles
in
Schedule A..
41,980,259 00
4,320,319 lo
10.994,425 26
2,094,337 89
1,832,607 93
1,031,582 68
Passports
31,634 oo
Gas
Articles now ex¬
empt from tax
Penalties
Adhesive stamps
Total
Increase.
$41,678,684 34
Spirits
3,010,933 57
53,235,210 03
1,663,788 S8
22,983,342 06
s
Decrease.
$40,738,735 51
17,176,490,44
10,054,036 41
1,504,619 58
622,549 01
3,235,697 85
10,078,219 21
12,866,660 80
68,074,778 32
6,973,819 89
2,653,500
6,190,743
343,474
330,415
2,437,842 70
2,163,023 50
1,714,985 74
37,135 00
8,437,045 50
79
16
81
57
683,404 06
5,501 00
426,111 93
1,019,293 99
1,232,934 41
25,296,396 63
servant,
430,840 47
2,313,054 57
Commissioner.
HATES OF EXCHANGE AT
LONDON, AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
RATE.
DATE.
25.32X&25.87X
Nov. 24.
time.
RATE.
short.
short.
3 months
13.11 ©13.11)*
25.50 ©25.00
Nominal.
12.77X^12.85
Berlin
0.27 © 6.27X
Frankfort
120X©12«X
St. Petersburg
29 X
Cadiz
49X&49X
Lisbon
90 days.
52X@52X
Milan
3 months. •20.95 ©27.05
Genoa
short.
25.10
3 mos.
Nov. 24.
3
short.
Nov. 22.
—
124.70
6.23X©
-
119
3 mos,
—
©
13.06X
rnos.
44
....
80 7-32
*
—
Naples
New York....
Jamaica
Havana
Rio de Janeiro
Nov. 0.
Nov. 9.
Oct
Pernambuco..
Bombay
Madras
...
....
Calcutta...
Sidney
10.
Nov. 11.
00 days.
4s. 5d.
48. 5d.
2 p. C. dis.
Oct. 20.
Xdis.
an
relations with
extremely quiet
and is
corn
Assuming that
Russia, there is
trade during the
Ban
between
8 me
war
our
Ope
80 ai
millers to
becoming
vigorous, there appears to be no hope of an
early termination of the struggle. It is
thought, however; that
important events are to be expected immediately, and a few
days
hard fighting may
materially change the military aspect. The
Germans evidently find it difficult work
to keep a vast and couragious nation like France in submission, and it
appears to he more
clear every day that
Germany should have offered reasonable terms
of peace after the battle of Sedan. But
France, with its entire
sea-board opened, and a large
portion of the country still uninvaded
has had an opportunity of
raising and equiping additional men
who may restore to France the
prestige that has been lost.
With large stocks of wheat in the hands of
millers, and consider¬
able supplies of flour held by the
bakers, it is scarcely probable
more
that the wheat trade
quoi
can assume
any degree of animation this year,
however, will chiefly effect the trade, and when a
great nation simply states that she no longer considers herself
bound to a treaty to which her seal has been
attached, and gives
the other dignataries a slap in the face, both the
political and com¬
mercial future may be said to‘be involved in
great uncertainty
The following statement shows the
imports and exports of breadstuff*
into and from the United Kingdom
during last week and eioc«
the commencement of the season,
compared with the corresponding
periods last year:
FOR THE WEEK ENDING NOV. 19.
ZVM
109
44
44
44
44
44
u
>.
"
—*
Cwt.
„
Barley...
60 days.
6 mos.
1* 10X<M*1(W
u iox<n#io
U 10*<L
probability of
our
it has been
lay by considerable stocks, the impression
being that on the return
of peace the foreign demand would
be so considerable as to cause
prices to advance. • Millers therefore bought
largely, hut as France
seems to be
recovering from the terrible shock she has sustained
Wheat.
Valparaiso....
Singapore..
Hong Kong
Ceylon.. ..
rupture takes place in
1870.
Nov. 25. 60 days.
Rahia
on
Political events,
LATEST
Paris
Paris
Vienna
A
The effect of the Russian news
upon the corn trade was referred
to in my last letter.
The advance in wheat was
from 4s. to 5s.
per quarter; but as there has been a firm belief
that there will be
uo
terminate induced
$52,216,016 04
Boutwell, Secretary of the Treasury.
3monthe.
may prove
too great to be
trifled
remainder of the year.
The expectation that the
France and Germany would soon
of knowing that its
Respectiully, your obedient
C. DELANO,
..
England is
more especially at the
present time, when England
would
ready allies in Turkey and Austria, countries
which, however
feeble in themselves, become
powerful foes when aided by the
wealth and resources of
England.
every
In relinquishing this office, I have the satisfaction
affairs are left in a most excellent condition.
Antwerp....
Hamburg
The power of
with,
no
officers and employees.
TIME.
„
wrong in
found somewhat difficult to afford the
advance.
$241,820,765 92 $291,492,827 01 $102,318,917 60
$52,646,856 51
From this statement it will be seen ihat the
gross receipts from all sources
of internal revenue for the first eighteen months of the
present administra¬
tion, compared with those of the last eighteen months of the late administra¬
tion, are increased to the amount oi $49,672,061 09; and taking the same
sources of revenue the excess
during the same period of
favor of the present administration, amounts to the sum oi comparison, in
$101,888,077 13.
The plan of organization of this
Bureau, detailed in my former report,
has been successfully carried out for the
past year. It has improved the
service, systemized the public business, and lightened the labors of its
ON-
of the two cases
the Eastern, or rather Black Sea
question, the trade
entirely free from excitement this week.
Indeed, so
great has been the confidence in a peaceful future
that
from all
Amsterdam.
we were
ruinous to her.
rupture
26,094,519 32
17,185,168 42
NOV. 25.
j
one
we
ought to be
1854, we should be
policy now; if we were right then, we may bepursuing a correct
wrong now. At
all events, the
majority of business men are of the
opinion that
Earl Granville’s circular is
quite to the point, and in
every quarter
one hears it
spoken of in very high terms. It is
approved of not
because England desires to
go to war. Far from it; but
it has
met with such universal
approbation, simply because it is
sup¬
posed to be calculated to induce the Russian
Government to reconeider its position, and not to enter
upon a course which
If
has been
sources
Hon. Geq. S.
In
right.
find
-Receipts.-
Sources of
have with
drawn from the
position she had taken up; and no
war would
have ensued; but now that
the word has been
spoken, and
has been told
plainly what will be the consequences of Rug^
her with,
drawing from the Treaty of Paris, we are
again informed that
false step has been made.
a
41,000
35,000
Total
are
told that
going the right way to work to
bring on a war with
Russian Empire. It was
the
only a short time since when
it waa
asserted that, had our Government
spoken in a plain and
manner
decided
previously to the Crimean War, Russia would
we are
*
,
ral
thinkers of the
newspapers their opinions as
to what
we
ought and what we ought not to do. The
journalists
blamed for speaking out
in so decided a tone, and we
86,000
46. Arizona
47. Dakota
314,000
261,000
absorbingtopicof*^*’
149,000
155,000
139,000
122,000
115,000
45. Wyoming
462,000
Our relations with
the
versation this week, and several of
the
leading
day have contributed to the
174,000
42. Idaho
43. New Mexico...
44. Utah
554,000
Iowa
i
$232,000
228,000
220,000
218,000
e,808,000 ; 28. District of Columbia..
28.
O TAQ ruin
8,709,000 29. Texas
4,969,000 30. South Carolina.
4,482,000 31. Kansas
4,444,000 32. Oregon
4,087,000 33. Mississippi
3,757,000 34. Arkansas
3,037,000 35. Nebraska
2,021,000 36. Vermont
2,010,000 37. Nevada
1,902,000 38. Florida
1,671,000 39. Montana.
1,198,000 40. Washington....
1,023,000 41. Colorado
■
Cngltal)
our own
.
State and Territory.
Amount, i
$20,863,000 J 26. NewHamshire
16,062,000 26. Minnesota
16,263,000 { 27. Alabama
a. Ohio,
-'8. Illinois
M
10,187(yu
Correspondent.]
~~
London, Saturday, November
26,187o *
Russia have been
FULL FORCE.
State and Territory.
1. New York
[December
22
22X
©22 X
44**©4r»x
22©22X
48. 5X<L
48. 4 %d.
18. 10 Yd.
1*. 10 %d.
U. 10 Xd,
~~~
.
...
—
92,609
147,899
14,760
36,054
1,092
4,705
480
135
73,883
204,709
13,557
9,604
1,545
2,680
442,202
78,928
SINCE THE COMMENCEMENT OP THE SEASON
Wheat...
Barley
Oats..
Peas
Beans
Imports. Export*
4,418
624,349
1 A'a
291,593
68,188
CMts
Peas
Beans
Indian corn
Flour
186D.—
*
Imports. Exports.
49,809
472,752
cwt.
8,051,846 673,650
1,500,668
6,189
2,419,329 217,403
229,205
26,742
380 tm
M
h4*0^
2,227,890
198,926
379,492
ao
.
do
Spam
South
Unite
Bars
do
Fine
<
Mextc
Spanii
Five f
185
Th
Eoglj
(AUG. 28),
11,002,972
Bare
Hi
a,
n’i
quota
of No
vioua
"December 10,1870.]"
THE
5,733,238
Tndlan corn
0)8
gJJST.T.
CHRONICLE.
23,408
1,059,501 327,220
1,615,115
4,03
Commercially, there are but few encouraging features. Birmingham, however, is very busy, owing to the great demand for
the implements of war on French account. The United States
continue to be large consumers for most of our manufactures, and
have effected considerable purchases during the last few weeks.
The following relates to the trade of Manchester:
prices remain firm in this market, but the amount of business
done to-day
has only been moderate, and buyers have not made many offers. At
the end of
last week the feeling was flat and inclined to be depressed, but on
Monday and
Tuesday rather a better tone sprang up, owing to political affairs
assuming
rather 8 more pacific aspect, and a fair business was done on
Tuesday, which
has considerably relieved sellers. At the hour of
writing nothing definite
appears to have been settled with regard to the claims which Russia has
made,
and a good deal of uncertainty and anxiety still
prevails, which interferes with
the natural course of business. Upon the
whole, both
facturers are well engaged for their productions, but there spinners and manu¬
are instances where
contracts are about to expire; and in such cases sellers
are more easy to deal
with, although even with them there is no
palpable giving way
Owing to the smallness of the stock of American cotton, consumers in prices.
who chiefly
me bumi qualities are rather
awkwardly situated, as the least extra demand
iffects the staple against them, and to obtain
any corresponding advance in
the price of yarn is a difficult matter.
Happily the advices received from
America with regard to the new crop continue to
be of a favorable
nature, and
the cotton is freely sold and shipped as it
arrives at the ports. A few weeks
hence and probably the scarcity in
Liverpool will have materially diminished.
Adnces from Calcutta are not calculated to
give any impetus to yarns and
cloth suitable for that market, as the
shipments have been very large and the
markets are said to be over-stocked.
°
J
__
The
following statement shows
into and from the
United
the
imports and exports of cotton
Kingdom from September
1 to November
24, compared with the
corresponding period last year
:
1870.
Imports.
American
1869.
Exports.
Imports.
*
Brazilian
East Indian
44,338
10,907
143,969
1,442
2,102
428,159
Egyptian
Miscellaneous
120,424
Total
Exports.
96,284
121,942
581,094
26,152
30,499
202,758
29,950
16.843
159,604
1,459
4,784
855,971
212,640
pin the money market there is no
important feature. The supply
continues very
large, hut an effort has been made to obtain some
what higher rates. The
change, however, is of so trivial a char¬
acter as
scarcely to demand attention, and the
months bills is still
low
as
per cent.
nated, and until the future is more
settled
is very little
hope of a revival of
following are
the
rates for
1869.
for three
rate
as
Until the
and
is termi¬
war
more
secure, there
old world
enterprise.
accommodation
:
The
•
•
1870.
1869.
Percent. Percent.
minimum.... 3 @
23*(3>..
Open-market rates:
80and 60days’bills
2X@.
8 months, bills
2X®--2X(8L-.
2X®
The rates of interest
Bank
1870.
Ppr rpiit PprppTit
4 months, ba’k bills
2%(ft3
2X@23*
6 months’ ba’k bills
4 and 6 trade bills.. 3.X@3X 2X@2%
..
'
••
3X@4
3
@33*
.
houses for
deposits
allowed by the
joint stock banks and disco
are as
under
:
Joint stock banks
1S69
JiBCount,.houses
at call
houses with 7
Discount
Discount houses with days’ notice
14 days’ notice
At
Hamburg
**
the money market continues
fate has advanced
mi, and the
has taken
place
1869.1870.
Vienna
Berlin
2j*
...
Franklort.
U Amst’rd’m
Turin
...
5
5
4
^
6
6
5
4
5
on
St.
4
4X
5
a
*
Hamburg
.
following
—
burg.... 6
6
are
-Op.m’kt-^
1869.
3X
5
4X 4X-5X
—
8
8
indication of
no
Petersburg has advanced
a
panic,
is no
to 29|.
There
gold for export, and
silver, owing to a large arriv o
dollars—62 tons,
including the cases—is rather weaker.
dollars
®n^£j'n
e.
exica
in
demand for China, and
consequently t le a
supply will in
all|probability he converted into bar
following prices of bullion are from Messrs.
Pixley & Co. s circ
silver,
ho
do
ii
.r
Spanish Doubloons
do
South American
peroz.
Donbloons... do
United States gold
coin
Sihmrain^Dg 6 gr8,(la8t Priec)
The
Quicksilver,
95
68s. lid.
94
51s. 6d.
7*d.
llXd.
14d.
quality...
is.
/»—.
—
Per oz* 8t
d;
per oz. no
•'
^
shows the present
—
B>
d.
63* (2>
IX
price. @—
__
—
position of t
n0ne
none
e
—
-
1870.
£
24,127,874
5.681,038
18,781,469
12.925,864
16,114,632
14,075 273
22,196,963
2* P. c.
94
46s..
49s. lOd.
8d.
U3*d.
7d.
ls/Xd. Is. IXd.
The stock markets have been
very sensitive,
has been felt with
9*d.
Is. 3Xd.
Is. l*d.
and much anxiety
regard to Russia’s reply. The markets have
not been
entirely devoid of panic, but they have now and then
shown considerable
buoyancy. The position has been thought to
be very critical on
many occasions, and hence the depression
which has prevailed. On the German bourses
there has also been
a panic, which at one
period was rather severe. The following
figures show the highest and lowest prices of consols and the
Monday. Tuesday. Wed’ay. Thu’ay
i^OTionlg
u:
U.
C.
U.
I],
Friday. Sat’day*
92X-92X 92)*-92X 92X-93X 92X-93X 92X-92X 92X-92*
-8SX 87X-88X 88 -S8X 87* -88
87X-87X
S. 5-20’s, 1882.... 87X-8SX 88
8
S.
.
5-208,1884.
5-208, 1885
86
87
-88
36
-88
86
-83
86
-88
86
-88
86
-88
-87X 87X-87* 87 -87* 87X-S7X S7X-... 87 -87X
893*-89X 89*-.... 89X-S9& S9X-893* 89X-89X
36X-86X 86X-.*.- 863*-87 S6X-363* 86
S. 5-200, 1887
88*-69*
S. 10-40S, 1904.... 86 -86)*
Atlantic & G’t West.
consol’d mort.b’ds i27X-23X
Erie Shares($100).. 118 -....
Illinois shares ($100) 110 -110*
28
-29
27X-28X
183*-19
1104-111
28
-29
27)4-23 X «#-—•
18X-19X 19X-20X 19X-20
91X-92
|l09*-ll0
110 -110* 110 -111
Engliib market Report®—Per Cable.
The
daily closing quotations in the markets of London and Liver
pool to Wednesday, Dec. 7, have been reported by submaviue telegraph,
as shown in the
following summary :
London Money and Stock Market.—This market closed
quiet, the
prices of Illinois Centrals and Eries showing a decline, while the other
prices show an advance.
Bat.
92
Consols for money
“
for account...
U. S.6s (5 20’s) 1862..
“
“
**
old 1865
1867..
.
“
“
Mon.
88)*
88*
Fri.
88*
88X
88 X
90 X
87 X
90X
87 X
111X
203*
203*
283*
Thu.
92
92
92 >8
111
..
Wed.
92X
8SX
88X
90X
87 X
87 X
99
87
U. S. 10-408
Illinois Central shares. 111X
Erie Railway shares
21.X
Atl. & G. W. (consols). 28
The
Tnes.
92
92
92
111
203*
233*
28
daily closing quotations for U. S. 6’a (1862) at Frankfort
Fraukioit
&4X
94j*
....
were—
94*
Liverpool Cotton Market.—See special report of cotton.
Liverpool Breadstuff's Market.—The market for breadstuff's closed
quiet, the price of peas showing a decline, while other prices remain
unchanged.
Sat.
d.
Mon.
Tnes.
d.
24 9
d.
24 9
s.
s.
Flour, (Western)....p. bbl 24 9
Wheat (No.2 Mil. Red) p. ctl
Red Winter
10
**
(California white) “ 11
Cora(W.mx d)p.4801bsn’w 31
Wed.
s. d.
s.
24
....
9
10
11
31
7
6
Barley (Canadian), per bush 5 0
Oats(Am.&Can.)per451bs 2 10
Peas..(Canadian) pr504 lbs 40 0
9
7
6
0
2 10
40
0
d.
s.
9
10
11
31
9
7
6
5 0
2 10
39 9
•
•
•
•
Fri.
d.
s.
....
•
....
10 9
11 7
31 6
5 0
2 10
39 9
5
Thu.
•
•
•
• •
•
•
•
•
• • • •
•
•
•
•
•
»
•
•
•
* •
•
•
•
•
•
....
•
Liverpool Provisions Market.—This market closed quiet, the prices
pork showing Fan advance, while the other price* remain
unchanged.
Sat.
s. d.
125 0
Mon.
8.
Beef(ex. pr. mess) p. 304 lbs
Pork(Etu. pr.mess)o. bbl.. 107 6
Bacon (Cnmb.cut) p. 112 lbs 53 0
Lard (American) •
“
“
65 0
Cheese (fine)
1
“
“
72 6
127
110
53
65
72
Wed.
d.
0
0
0
0
53
65
72
6
Liverpool Produce Market.—This market
change iu prices.
Sat.
d.
Fine Phle...
do
“
Petroleum (std white).p.8 lbs.
“
spirit
5
15
1
6
0
5X
...per8 lbs
Tallow (America »...pll21bs.
103*
13
3
Thu.
d.
d.
127 6
110 0
s.
Tnes.
s. d.
5
15
1
5
15
6
0
6X
quiet, with
Wed.
d.
6
6 6
0
15 0
5X 1 5X
1
10)*
433
0
0
6
remains
Mon.
s. d.
8.
s.
103*
433
Thu.
•. d.
10X
433
....,
London Produce and Oil Marketa—These markets close
Linseed (Calcutta)...
per
112 tt>
78
Whale oil
Linseed oil., per ton..29
here.
here.
0 0
quiet, the
decline.
”
m" -XXTmti
Mon.
Tues.
Wed.
£10 17 0 £10 17 0 £10 17 0
59 0
59 0
826
0 0
86 10 0
Sperm oil
a
no
59 0
59 0
78
0 0
36 10 0
29 0 0
78 0 0
36 10 0
28 15 0
32 6
78 0 0
36 10 0
28 15 0
COMMERCIAL AND MISCELLANEOUS NEWh.
Imports
and
Exports
for thr
Wkkk.—The imports this week show
discount, the price of Const) s, 0
a slight decrease in dry goods, and a
quotation „f English
slight increase in general mer¬
Wheat, the price of Middling Upland Cotton, and chandise. The total
ofKo. 40 mule
imports amount to $5,947,679, against $5,Yarn, fair second quality, compared with
vious years:
899,787 last week, and $6,219,745 the previous week. The exporta
P
*
•
of beef and
Lius’dc’ke(obl)p.tn£10 17 0
d
5
5
£9 9s. per bottle; discount 9ner
JK 8 per cent.
c
following statement
England, the Bank rate of
90
57s. 6d.
Price of wheat
Mid. Upland cotton...
40 mule yarn, fair 2d
Sugar(No.l2 Dch std)
O®84 price)
franc pieces
4 p. c.
Sat.
o
(last price)., per oz. standard.
Mexican Dollars
Spanish Dollars
Five
(Carolus)
18,175,570
Bankrate
Consols
__
SILVER*
Fine Cake
10,688,820
Coin and bullion
1869.
£
£
24,104,745 23*815,544 23,399,405
6,044,482
5.427,696
4,426,834
19,232,770 18,103,008 17,798,714
12,319,203 15,074.874 18,811,958
16,627,914 16,662,170 1jM1,305
13,507,208 10,013,
10,740,596
22,058,568 18,256,637 18,566,181
3 p. C.
2p.c/ 23* p. C.
.
Reserve
1868.
prices of linseed cake and lioseed oil showing
~o
do
183
ar.
S
do
Reflnable
23,006,009
6,161,157
Other deposits
18,252,795
Government secnrities 12,846,366
Other securities
19,186,608
ltosin(com Wilm ).per 112 lbs
d.
peroz.standard.
line
1867.
£
£
s.
SOLD
Bar Gold
1866.
Circulation
Public deposits
6
good demand for continental bills of
exchange,
figures obtained afford
are not
1870.
2X
5
St. Peters
,
.
Very little Change
1869.187C.
Brussels... 2)* 3)*
Madrid.... 5
5
5
4
IX
IX
IX
IX
*
—
r-B’k rate-,
1870.
3)*
33*
*
to increase
to 5 per cent.
—
4X
6
There has been
and the
2
6
4
5
1869.
*
ig70.
’
.2J*
'1%
in the rates
elsewhere. The
quotations at the
leading Continental cities:
r-B’krate-^ -Op. m’kt->
it Paris
2
2
’
753
are
$7,077,229 this week against $4,810,040 last week, and $4,848,8 0
The exports of cotton the past week were 21,115
bales, against 17,280 bales last week. The following are the Imports
at New York for week ending {for. dry goods) Dec. 2 and for the
week ending (for general merchandise) Dec. 8:
the previous
week.
FOBBIOH IMPOSTS AT N1WTOBS FOB THE WEES.
.8612.
Toial tor the week..~.
*2,187,172
Previously -^ported... 224,078,747
Since Jaa
l.......*226,265,919
*1,287,657
4,233,872
*1,788,120
4,159,559
*4,899,237
.
1869.
*981,503
3,917,729
*471,886
1,715,286
Dry goodr
General merchandise..
1870.
1868.
1867.
r
*5,521,529
268,445,761
*5,947,679
276,161,015
228,103,117
*233,002,354
*273,967,290
*282,108.694
repcrtof the dry goodatrade will be found tbe importsof dry
goods for one week later.
The following is a statement of the exports (exclusive ofspecie)from
the port of New York to foreign ports, for the week ending Dec. 6.
In
our
EXPORTS FBOK HEW YOBK 70S THE WEEK.
1870.
1869.
1868.
..1867,
'..*4,628,013
175,050,821
*4,020,901
152,871,364
*4,413,422
181,214,573
*7,077,229
173 091,626
*179,678,834
*156,892,265
*185,627,995
*180,168,855
For the week
Previously reported
Since Jan. 1
The value of
exports from this port to different countries (exclusive
specie) since January 1, compared with the corresponding time ol
last year, is shown in the following table :
of
•
SinceJan.l,
c
To
Great Britain
1870.
*97,277,736
France
n
Holland and Belgium..
Germany
Other Northern Europe
f
6,314,493
13,258,530
3,398,701
3,974,934
5,441,379
103,455
1,299,133
1,678,293
4,550,277
8,306,986
2,047,224
6,027,694
OtherSoutnern Europe.
East Indies
Japan
Australia
Britisn N. A. Colonies
Cuba
.
Hayti
Other Westlndies
Same time
1869.
*100,568,659
7,001,902
5,091,849
20,017,715
3,895,248
2,761,602
8,288.341
66,029
2,525,063
2,086,941
4,364,275
5,407,378
939,967
7,26o,741
1,343,307
1,461,056
3,618,520
Mexico
New Granada
Venezuela
British Guiana
Brazil
Others. American ports
All other ports
The
She c\r\y*
11,276,297
8pain
China and
2,613,237
597,503
603,079
987,774
1,324,641
8,183,624
3,219,778
4,305,561
2,925.452
3,742,591
1,085,988
following will show the exports of specie from
the port of New
York for the week ending Dec. 3, 1870 :
American silver....
Nov. 30.—St. City of Port an
Dec. 1.—St. Missouri, HaPrince, Pert au
“
erpool—
Spanish gold
3.—St. Ocean Queen,
Panama—
Amen can silver....
3.—St. City of Brussels,
1.—Schr. Frank Jami¬
Dec.
son,
Aux Cayes—
10,000
165,072
80,269
56,218,481
,
*56,788,29^
Total since Jan. 1,1870
Same time in
Same time in
.*30,346,340
1869
1860
69,123,685 1859
45,060,999 1858.
68,663,448 1857
27,814,593 1856
45,546,385 1855
1367.
18«6
1865
l8t>4
1868
42,424,162 1854
55,763,909 1853
3,343,237 1853..
*42,046.886
67,104,733
24,191,786
38,299,18«
35,326,451
26,579,87?
the owners;
and; in case the toad makes default in payment of Ufo.
provide for payment at once;
apply its earnings in repayment, and
fit, sell (he ,defaulting rorpoiation. The State’s aeuU
est, the Governor is ordered to
seize the road and its property,
if he
sees
thirty-thre*
taxable*!,
include the Western d£ Atlantic railroad, one hundred and
miles, from Atlanta to Chattanooga, and the general list of
valued at $200,000,000.
'
Chesapeake ahd Ohlo Railroad—-At the third annual meeta*
of the stockholders of the Chesapeake and Ohio Railroad
held at the Exchange Hotel, Richmond, Ya., on Thursday of
at which ! meeting 119,592 votes were represented, the
Compm
laBt wid
following
unanimously chosen for the ensuing year: C. P. HnnU
ington of New York, A. A. Low of New York, W. H. Aepinwallof
New York, Pliny Fisk of Pennsylvania, Richard Irvin of New York
Jonas B. Clark of New York, William B. Hatch of New York, H, C.'
Parsons of West Virginia, John Echols of Virginia, William C.'VicL
ham of Virginia, Joseph R. Anderson of Virginia. The committee to
whom was referred the report of the President and Directors of the
Chesapeake and Ohio Railroad Company, and the accompanying docnmehts, made the following report: That they have examined tbe
report and find in it the most gratifying assurance of the prosperous
condition of the road.
The receipts have steadily increased, notwith¬
standing the unfavorable seasons for agricultural, and the suspension of
operations occasioned by the destruction of bridges and other injuries
to the road by the extraordinary freshet.
More than eighteen miles
of the road between Richmond and Staunton have been relaid with
new rails of the most approved pattern and
in the best manner.
Many thousands of new ties have been substituted for those that were
decayed, and a large quantity of ballasting has been done. In regard
to the portion of the work extending from Milboro’ to the Ohio river
the report furnishes the most substantial grounds for the belief that
the present temporary tracks between Milboro’ and the White Sulphur
will, within two years, be replaced by a new and permanent line of
railway; and that within the same period the entire line from Richmond to the Ohio river will be finished and in actual operation. The
committee,. therefore, cordially congratulate the stockholders on the
flattering prospects of the road, and concur with the President in the
opinion that “ the Chesapeake and Ohio Railroad will at no distant
day assume a position second to none of the great lines leading west¬
ward from the Atlantic coast.” They therefore recommend the adop¬
tion by the stockholders of the following resolution:
Resolved, That
the stockholders of the Chesapeake and Ohio Railroad Company, in
general meeting assembled, do approve and adopt the report of the
President of the Company, and also the reports of the subordinate
directors
were
officers thereto
were
appended.
the committee
The report and resolution of
unanimously adopted by the meeting.
announcement by tbe publishers
with the new year the pub¬
entitled “ Seed Tub and
—On another page will be found an
of LittelVs Living Age that they will begin
lication in their journal of a serial story
Harvest or During My Apprenticeship
of the popular author Fritz Reuter.
oldest and most valuable of literary periodicals,
tation for its choice selections of foreign literature
readers in every part of the country.
” translated from the German
The Living Age is one of the
—Attention is directed to the card
be found to-day on the first page.
buying aod selling
of Mr. W. G.
and has a high repu¬
amoDg its numerous
Chittick, which wiB
Mr. Chittick makes a business of
Commercial paper, Sterling Exchange ^ovehliiieDt
commission; and also transacts a general baDi-
securities, Ac., Ac., on
ing business.
...
.
experience for a number of years as a prominent im¬
porting merchant in this city has been such as to acquaint him verj
thoroughly with the requirements of mercantile houses in negotiating
loans, buying gold, Ac., Ac., and his fiiends in this country
will probably be glad to avail themselves of his services in this air
Mr. Chittick’s
tion.
•
37,082,08;
23,638,08a
BANKING AND FINANCIAL.
—Banking House of Hknrv Clews A Co., 32 Wall St., N. Y.The following shows tbe imports of specie at this port during the
Deposit accounts can be opened with us in either currency or
past week :
Silver bars
*1,821 subject to check without notice. Five per cent interest
Nov. 28.—St. Arizona, AspinNov. 30.—Bark 1 hos. Dallett,
wali—
ad daily balances.
Checks upon us pass through theClearirg
*70
Lagoajra—
Silver....
Gold
150 if drawn
600
Gold
upon any city bank.
41 -38.—St. Alaska, AspinDec. 1.—St. Morro Castle, Ha*
We issue Circular Letters of Credit for travellers, available in
vana—
wellGold
.*
400
100,000
Silver
parts of the world; also, Commercial Credits. We draw
Total for (he week
*102,581 change and make telegraphic transfers of money to any desired
Previously reported.
11,284,976. and transact
every description of foreign banking busine s.
Total since Jan. 1, 1870
*11,387,557
We issue Certificates of Deposit payable on demand or at fixed dateBame time in
Same time in
*3,032,610 bearing interest and available at all money centers.
1889.....
*14,876,852 1867
9,421,309
6,701,115 1866
Collections made in any part of the world.
Clews, Habioht A Co., 6 Lothbury, London.
*§T—The finances of the State of Georgia have been recently made the
.subjectof some malicious and ridiculous remarks. The facts seem to
A. g. HATCH.
HARVEY FISK.
be as follows: On the 1st of January, 1870, the total funded debt of
Office of Fisk A Hatch,
•
-the State was $6,014,500, with an annual charge for interest amounting
Bankers and Dealers in Government Securities,
to J&9J j15, The State’s liabilities by indorsement of railroad bonds,
No. 6 Nassau street,
, .-i/-.- ’
were reported by the Governor on the 16th of August, 1870, at
New York, Dec. 9, 1870. J
$4,016,000; against which the State held first liens on property amount*
FUNDING FIVE-TWENTY BONDS.
ipg in value to $9,207,000. The Governor is also empowered to issue
bonds of the State to the Brunswick A Albany Railroad Company, at
Within the past three months a very large amount of
$8,000 per mile, against tbe ccmpaniy’s second mortgage of $10,000 per
Bonds have been funded through our office into the First
mile. The road being 235 miles long, this authorized issue of State
bonds in aid of the road amounts to $1,880,000.
An act, approved Bonds of the Central Pacific Railroad Companv, beeides largo
30th September, 1870, forbids the indorsement or guarantee of any of the same securities for new investments.
’ . tf
railroad bonds by any officer of the State, until satisfactory evidence is
We deal in Central Pacific Bonds the same as in Government
given that an amount, at least equal to the bonds for which indorse¬
rities, and regird them as affording the desired medium for
ment in sought, has been actually paid in and expended upon them by
1861
'
5,640
*519,863
Total for the week
Previously reported
25,741
Liverpool—
Mexican silver
Silver bars
Gold bars
50,500
Mexican silver
*5,000
vana—
Prince—
American silver.... *18,117
30.—St. Cuba, LiverpoolSilver bars
129,523
Mexican silver
80,000
30.—St. Wisconsin, Liv¬
14
[December 10,1870.
THE CHRONICLE.
754
coin
allowed opw
Houssn
dJ
Bills of Bi
point
•:
.
23,776,56*
.
•
Fve-Twectf
Mosta*®1
Seen
funaJOgj
;
flfa.T^enty Bonds, without reduction of interest and with unimpaired
tt-
The? arc
all Coupon Bonds of
$1,000 each, interest payable Janu¬
land duly 1.
dr They are well known, and have a
ary
ready market in all the money
of this country and Europe, are daily quoted at the Stock Ex“
change, and can be sold at. current market prices as readily as the
Bonds of the Government.
'The Earnings of the Road for 1870 will reach Eight Million Dol¬
lar* w&. the increase is shown in the following figures :
centres
from
Jan-110 Dec*
gSJSfton Jan. 1 to Dec. 1,
Increase
755
CHRONICLE,
THE
December 10,
1870
$7,417,317
1869
5,960,883
in 1870
12,156,435
The following statement shows the
associated banks, compared with the same
present condition of the
date in the last two years :
Dec. 3,1870.
Loans and discounts.....
*366,263,143
17,108,066
32,238.3®
194,99! .319
51,257.656
Specie
Circulation
Net deposits
Legal Tenders
The following shows
the total liabilities;
Dec. 5,1568.
*259,491,905
17.644,264
81,254,759
189,843,817
59,492,476
Dec. 4.1869.
*253,235,996
30,638,539
34,140,468
-
182,690.140
45,989,274
the relation between the total reserve and
,
Nov. 26.
Deposits
Total liabilities
25 per
cent reserve
Excess over legal reserve....
*17,103,066
51.267,656
*70,049,113
32,353,679
194,415,073
Total reserve.
Circulation
Dec. 3.
*18,222,617
51,826,556
Specie
Legal tenders
*68,365,722
82,233,383
194,991,319
Decrease.
Increase..
115,291
576,246
*226,763,752
56,692,183
13,356,985
*227,229,707
Increase..
*460,955
Decrease.*1,114,551
Decrease.- 568,900
■
Decrease.*1,693,451
56,807,426
11,558,296
Decrease. 1,798,6 89
United States Bonds.—The improving tendency in the bond
supply of these securities oa hand, and furnish them at
market is still maintained. The satisfactory financial exhibit made
current market prices, which to-day is 91f.
This price includes the coupon due Jan. 1,/or which three per cent in by the report of the Secretary of the Treasury, and his acknowl¬
edgement that it is hopeless at present to expect to fund the six
gold will be received by the purchaser, on bonds bought during this per cents below 5 per cent, have helped to attract investments to
this class of securities.
The steady settling down of the Black
month.
Proceeds of $1,000 5-20 bond of 1367, sold to-day at 109*
$1*092 50 Sea question and the expectation of an early close of the war in
Cost of $1,000 Central Pacific bond to-day, at 97*
917 50
France, have also strengthened holders, and especially as the for¬
Difference realized....
$175 00 eign markets have responded to this improvement in the Euro¬
We keep a
situation. There has been some buying on speculation,
chiefly in anticipation that, at the opening of the year there will
be a large demand for the reinvestment of January interest ana
dividends, and also from an opinion, based n^on certain allusons
in Mr. Boutwell’s report, that lie will increase his purchases of
Five-Twenties at the opening of thy ascial year. Owing to the
interruption of cable comnmDiMt*on^ 210 reports have been
received since Wednesday ; this, however, lias rather stimulated
speculation than otherwise. Prices have advanced during the
week
per cent and dose quite firm.
The Government pur¬
pean
continue, as heretofore, to buy aud sell Government Bonds, make
Collections, receive deposits, subject to check at sight without notice>
and allow interest orf balauces, and do a general. Banking business.
We
FISK A HATCH.
the Bankers’
<0>a?ettc.
DIVIDENDS.
Per
Company.
Cent.
week $1,000,000 of Five-Twenties, at prices
The offerings being to the
10G.87. The Secretary of the
has given notice—
chased durino* tb-
from 106.30 & 106.40, ex-interest.
amount of $2,780,050, from 106.30 to
The following Dividends have been declared during the past week:
When
P’able.
Books Closed.
Tre^^ry
That the three per
Railroads.
Dubuque & Sioux City
New York & Harlem
4
Dec. 28. Dec. 12 to J»“ DDec. 31. Dec. 19't« Jan 4.
5
Dec. 30. Dec. 24 to Dec 30.
3
Deo. 15.
Dec. 31 Dec. 20 to Dec 31.
Dec. 29. Dec. 15 to Dec 29.
3#
Banks.
Metropolitan National.
cent certificates bearing dute 15th October, 1837, of the
denomination of $500 each, between the numbers 249 and 356, inclusive,
.
miscellaneous.
Chesapeake & Delaware Canal Co.
National Trnst Co....
Farmers’ Loan & Trnst Co
4
5
■
-
ifkiDAY Evening. Decembei 9, 1870.
The money Market.—The
hardening tendency in the money
market, noted last week, has been since continued. There has
been no scarcity of money, but rates have been close upon the
legal limit, ranging at 7 per cent on call loans on stock collaterals
and 6 per cent on United States bonds.
At the opening of the
week there were apparent indications of a clique effort to lock up
money for speculative purposes. The Clearing House balances of
some of the banks showed a large and sudden increase,
indicating
that an artificial stringency upon a large scale was
contemplated;
but upon the spread of a report that one of the Comptroller’s
bank examiners was in the city, these banks suddenly became
unwilling to carry balances, for which they could not satisfactorily
account, and the money intended to be shut up was suddenly
thrown upon the market with a consequent relief. The banks
have now become so sensitive to the censure of
public opinion
upon these disreputable operations that it is rarely such schemes
can be carried
through to completion, the discovery of the trick
insuring its defeat.
This is the season when money is
especially apt to prove scarce
and
and
each, between the numbers 193 and 359, inclusive, will be paid on
presentation at his office; and that from and after31st Janury, 1871, such certi¬
ficates will cease to bear interest and will be no longer available as a portion of
the lawful money reserve in the possession of any national banking association.
The aggregate amount of the certificates described is *2,000,000, making the
total amount adver tised thus far $4,000,000.”
The following were the highest and lowest prices of leading
of $1,000
government securities at the Board on each day of the past week :
Saturday,
Dec. 3.
6*8. 1881 coup.... 113%
5 20*8,1862 aoup. 107%
5 aO’s, 1864
106%
“
5-20*8, 1865 “
5-20*8,1865 n “
5-20 8,1867
“
5-20’s, 1868 “
10-40’s,
Currency 6’s
*
106-X
109%
109%
109%
*106%
*110%
....
107%
....
106%
109%
....
110
106%
111
Monday, Tuesday, Wednesd’y
X^6C« 5
Dec. 6.
Dec. 7.
113% 113% *113% D3% 118%
107% 107% *107% 107% 107%
107
106%
106%
106%
106.%
106;%
109%
109% .... 109%
109%
109% 109% 109% 109%
109% 110 *109% 109% 109% 110
106%
106%
106%
110% ...
110%
>110% 111
Thursday,
Friday,
113% 113%
107%
*106% 10T
!13% 113*
107*
Dec. 8.
....
107
....
...
..
...
...
....
...
....
....
This Is the price bid and asked, no sale was made at the
109%
109%
*109*
106%
*11034
....
109%
....
109%
1- 6%
110%
Dec. 9.
....
107
107
....
107*
109* 109*
109* MX
109% 110%
106* ....
110%
..
.
Board.
Closing prices of securities in London have been as follows :
Nov.
25.
ss%
87%
89
85
Illinois Central Railway shares.,
Dec.
Nov.
18.
87
108%
17%
86%
no
20
-
o
88%
90
87
111%
21
Dec.,~Since Jan. ,1*70-.
7.
Low.
High.
88%
90%
87%
111
20%
so%
79
77%
99%
14%
91%
91
88%
119
22V
State and Railroad Bonds.—In
this class of securities/th
has been moderate and prices on the whole steady.
Missouri sixes are the favorites among the State stocks, and have
been firm and active. Tennessees show more strength, the new
movement
having advanced 1$ per cent, and the old £. North Carolinas have
been offered freely and are lower, old having fallen off
and
new 1^.
Virginias have been higher. South Carolinas are also
anything like the appearance of about l£ per cent, better on the approach of the payment of their
a “
locking up” operation. It is to be noted, however, that the semi-annual gold interest.
banks have been
Governor Walker, of Virginia, speaks of the State debt as fol¬
receiving money from Chicago, and that this
week exchanges at Cincinnati
lows in his message : After stating that the amount the State of
have taken a decided turn in favor
of this
city, from which it may, perhaps, be safely inferred that we West Virginia ought to assume should be paid into the Treasury
nave done with remittances to that
point until the weather is more of the State of Virginia, and that all bonds are the bonds of Vir¬
favorable for pork
ginia, and not of West Virginia, and to the treasury of Virginia
packing.
the creditors look for the payment of his debt. He says:
discount market has been rather unsettled,
partly owing to
The better course to pursue is for the two States to submit the whole ques¬
“ert°neon call loans, but more to circumstances
affecting
cremts.
Merchants are complaining somewhat of Western and tion to arbitration. Let each State select one disinterested arbitrator, and
then the two thus selected, a third to whom the whole subject shall be sub¬
southern
collections, especially the former, and several failures mitted^ and their finding to be final and binding upon the two States. This is
ave occurred in the
West. This has very perceptibly affected a fair and equitable mode of adjustment, and if West Virginia rofuses you will
then be amply
ng e name paper, which is
the only instrument¬
closely scrutinized, and ranges from ality remainingjustified in seeking your remedy through States. * *, * *
to you—the Supreme Court of the United
per cent for prime to 24
per cent for lower grades.
Choice double
I do hot urge an attempt for the immediate resumption of the payment of
We
not yet prepared
nor can
~f8’whlcl1 a few days ago were current at 6£@7 per cent, and the interest ppon pur - public debt. Whataredo most earnestly to do so, that you
reasonably expected of
I
urge is
^exceptional cases at 6 per cent, cannot now be negotiated it he immediate action lookjng us. the resumption of the payment of interest by
take
r taan at
i@l per cent higher rates. The following are the the State at a certain day, not to the distant future. I would recommend that
in
current
the reserves ol the banks slender, and for some time
past cur¬
rency has been going in limited amounts to Cincinnati, and this
week to New Orleans and Louisville also, the
knowledge of which
rendered the market sensitive to
r
,,
quotations:
Commercial, first class endorsed
••
“
„
“
44
«
.
single names
„
Bakers’,,nrstclass
first- <*inco
•«
,
foieign
domestic
m,
60
days.
4 months.
6 months.
;.60 days.
4 to 6 months.
60 days.
3 to 4 months.
7*® 8
8 ®10
'
8 ®9
10 ®18
6*® 7
7
® 8
imnnwftC+ail?es *u ^ie lft8t bank
““Ponant, the
fi
be
We quote the following paragraphs
Holden of North Carolina :
from the
message
of Gov¬
ernor
“
The present debt of the State is as follows: Old, or ante-war bonds $8,378,statement were not especially
principal being a reduction of $1,114,000 in the 200; bonds issued to railroad companies during the war, under acts passed
prior to May 20, 1861, $913,000; bonds issued to Chatham Railroad Company,
+w’ a?id an 5norease of $1,655,000 in the loans. On the under ordinance of Convention 18jf$V $215,000; bonds issued since the close of
spI T8 thire waa the moderate decline of $568,000. As will
+,ron\
following statement, the surplus over legal
reservA
^
provision bO immediately made fbr the funding .of the whole debt, principal
and interest, in new bonds of the character mentioned in iny message of the
8th of March last, bearing date July 1,1871. The first setal-ahnual interest will
then fall due January 1,1872, and iq pay opinion that will be as early a period
as it will be prudent to undertake the payment of full interest regularly.
111,558,000
$ ,793,000 Ipwer than the previous week, stands
special tax, $8,986,815; special, tax bonds, $11,407,000. Total
;<*•*
•
♦
*
“The entire debt is, therefore, about $30,000,000, to pay the interest on
which at six per cqnt, together with the amount necessary to oondnet the State
Government, will require a tax of $2,500,000. Will the people of the State
the war, not
$29,900,045:”
756
submit to
CHRONICLE.
THE
annual payment
an
of this amout of tax ?
gentlemen, I do not believe they will. I have
subject.
To be candid with you,
not chanced my opinion on this
moderate
reports
as were
last
figures.
Department
realized from the sale of bonds from first hands.
to
*
Dec. 3.
6s Tenn..old...
6s Tenn,new...
6s N.Car., old..
6s N.Car., new.
"s
*60* 60*
57* 57*
47*
26
65
Virg., old....
J C, n, j;& J
Dec. 6.
Dec. 5.
60*
53*
58
47
*60
68
68*
Dec. 7.
60*
*58* 58 *
46
46*
61
58*
.
....
““
47*
25
69
25*
67* 68
68*
‘92* 93*
92*
*
Tuesday, Wednesd’y, Thursday,
*24
68
68* 68*
92* 92*
58*
45*
25
92*
....
93
....
93
....
Stocks—The
Saturday, Dec.
“
Monday,
“
Tuesday,
Wedn’day, “
Thursday, “
Friday,
“
(for when we allude to this market little else can be
Speculation
" on the whole, favored sellers.' At the beginning
spoken of) ha*.,
"*mmencement of an effort to lock up money pro¬
Ra.
•
per cent,
pajut^
■
"*
to
it. The Government
sold
of coin, € ie total bid for
ot
being $5,229,500.
dull at the eloseat 110J to
at i
110|. Tbe rates paid
^
will show the course of tbe gold
Xse
was
past week
&n(^ frightened some of the minor holders
a sharp decline in prices. The post/*f
into selling, with the eftev
s
the trunk roads relative to the
ponement of the deliberation^
"o the 20th inst., and a supposition
consolidation of their earnings w
ugered through an unfounded
est.
Ill
ini
ing.
3....111
5....111*
6....110*
7....110*
an arrangement was enda^
nd leased the New Jersey
that the Pennsylvania Central iw
+ocks, with which the
Central Road, also had an effect upon some b. ; 1 stock has recov-
that such
no*
110*
110*
110*
110*
110*
110*
9....110*
—
123*
4 p. c.
$4 86
3
7
7
3
16
15
84
75
95
90
‘20
50
Total
ing.
HI*
111*
112
110
110*
German X thalers
Prussian X thalers
X guilders
rumor
Clos¬
Clearings.
est.
Ill*
111*
110*
110*
110*
110*
The following are the
can coin:
American gold (old coinage)
Sovereigns
Napoleons
premium
:
-Quotations.Low- High¬
Current week.
...111
Previous week
Ill*
Jan. 1,1870. to date. .120*
of the week the Ov.
duced a timid feeling,
the market is
on
t
>enOpc
....
of stock
course
ing a
ultimately, rather than otherwise. ^
The
ent of tfie 3
f0Ther&i°ngtttable
day of tbe
Tfils is the price bid and asked, no sale was made at the Board.
Mroad and Miscellaneous
c
effect
Wednesday
each
....
weak,
only 4 per cent, below
our
^ presidential
message and of the
bad no special
effect upon
tie
^
f
consequently
atKdepress basWained?bo prl
exchange
ding
The market
*24
*63*
68 *
68 * 69*
68*
on
regular
tbe whole
on
certificates,
^ debt> is regarded by some as being n
,t .g generally
expected that tbe favoring
question
be freely
canvassed; hut Wall
being accomplished this
session
,
1 he nnnu
mium against caus
59* 59*
“.... 47
24*
68*
69
69*
....
25
....
slight-
....
....
*24
*
Dec. 9.
59
....
8.
of resuming speci
street has no conn
Friday,
Dec. 8.
60
.
teip
much reduction'3
a lower price for g
such bonds before the maturity of the
principal thereof; and if so,
what legislation, if any, is necessary to
compel such reimbursement.
The following are the highest and lowest
prices of the most
active State Bonds at the Board on each day of the week:
Monday,
T
commencing of th P P
day adopted by the U. S. Senate instructing the Judiciary
Baturday,
d
The premium bas been
lose the quotation is
re^rts
tendency of the p ^
*“
Committee to inquire and report whether the railroad
companies
which have received aid in bonds of the United States are
lawfully
bound to reimburse to the United States all the interest
paid on
>
owing to tbe partial
interruption
Europe and the absence of
market; their b'
Railroad bonds have been steady. In regard to the
payment of
interest to the Government by the Pacific Railroads a resolution
was
speculative account,
speo
[r0“
although at the
-
amounts
on
Of cable
I still believe it would be wise and sound economy in the end to pay
the interest on the debt, and every dollar of it when due,
yet I need not tell
you, who are fresh from the people, that this is not to be expected or hoped
for. The people say * * * that, upon the
whole, they will pay a part of
the old State debt, and they will pay on the new or
special tax debt such
[December 10, 1870.
-—-Balances.—,
$50,126,000
37,235,000
45,559,000
111
11,531,129
27,525,000
27,502,000
26,534,000
110*
111*
110*
1,273,413
1,41)0,351
1,358,717
1.554,495
1,456,368
214,581,000
280,482,000
110*
no*
110*
110*
1,456,368
1,267,401
1,635367
1,53013&
1,727,469
1,661,725
1,661,725
1,427,1)80
quotations in gold for foieign and AmeriAmerican silver (new)..
Dimes and halt dimes
premium.
..
@ $4 £9
@ 3 88
@ 7 90
@ 8 10
@ 4 00
@ 16 45
@ 15 65
Five francs
94 @ - 96V
94 @H95
95 @-96
19
@-!9K
4 75 @ 4 85
—
—
—
Francs
—
English »nvcr
uu^uriii silver
Prussian thalers
69*@ —19%
Specie thalers
1 04 @ 106
Mexican dollars
1 02*@ 1
03*
Spanish dollars
2@3 p. c. premium.
South American dollars
iw
—
Reading is Patriot doubloons
New York Centra^
declined
Lake Shore is \ lowe*.
Ahe decla- American silver (old coinage)
1@2 p. c. premium.
nupaexceptionally strong, and is If higher, in consequence of
The general movement of coin and bullion at
New York,
ration of a 5 per cent cash dividend; Rock Island is
lower, *.
:1 week
ending Saturday, December 3, was as follows:
rently from speculative causes; St. Paul is unchanged; Pacific Mav.
nks Nov. 26
$18,222,617 Withdrawn for export
has advanced -J; Western Union Telegraph is } higher, although In hm.
$519,89
imports
102,581 Gold receipts into Sub-Treas.. 3,216,742
Foreftm
Mt *17 Sub-Treas’y. 2,759,630 In banks Dec. 3
it has passed its dividend; Union Pacific has declined 3 per cent,
17,106,066
gSiS pSmo. California (apclosing weak at 16£, on account of a disagreement among several Receipts fron
181,254 Total withdrawn and in bank. $20,841,67?
Excess of supply not ac ountproximate). .<<«»».
parties heavily interested in the stock, which resulted in throwing
..$21,266,082 1 ed for
$421,405
a large amount upon the market.
Total known supply...
The market continued dull and weak
Several railroad and other companies have declared their usual
Foreign Excliang#
time rates have been
firmer,, and
January dividends payable December 31st, to avoid the income tax. until Thursday, since tv hie u
It is also understood that the Lake Shore & Michigan Southern
an advance of
leading drawers to-day asked 10^
on the
Railroad directors have decided to pay a four per cent dividend in
prices of Friday the 2d inst. This fin»2ne88
prices may be due in
February.
a measure to the scarcity of Commercial bL'is, but it has also been
The earnings of nearly all the principal roads, so far as yet
assisted by an increased demand and possibly by the non-receipt of
reported for the month of November, compare favorably with the two day’s advices by cable. The cotton export of the week from all
same month of 1809, as may be seen by tbe figures given below.
We have heard of several considerable purchases during the week ports has been 102,554 bales, which would produce $6,300,000 in
gold, against 58,000 bales in the same week of 1809, producing
of Pennsylvania railroad stock by strong parties in New York,
$5,200,000 in gold at prices then ruling. The export of Govern¬
although the rumor of the New Jersey Central lease had been ment bonds and other securities from the U. S. to foreign markets
previously denied.
has been seriously checked—a circumstance which is worthy of.
The following were the highest and lowest prices of the’active
consideration in estimating the future course of the market.
3 DayB.
60 Days.
list of railroad and miscellaneous stocks on each day of the last week:
109 *@ 110
Spanish doubloons
general market sympathised.
ered; Erie has
,
,
,
1
v
*'
Monday,
Saturday,
Dec. 3.
91* 91*
85 * 85*
N.Y.CentAH.R
do
Harlem
Erie
scrip
Reading
Lake Shore....
Wabash
Pittsburg
Northwest
101* 101*
92* 93
51* 51*
*105
80*
105*
....
81
89* 90
89* 90*
110
91*
85*
132
24*
102
93*
51*
85*
131*
24*
101*
92*
51*
105*
*80* 81*
*132
132*
24* 24*
do
pref
Rock Island...
Fort Wayne...
9t. Paul
dv
pref....
^
Dec. 5.
91*
110
110*
110*
94*
59*
94 * 94*
59* 60
81
81* 81*
....
60
81*
31*
31*
81* 31*
Ceutral of N.J. 108* 109* 108* 109
Chic. & Alton.. 115*115* 115*
118
*117
do
do pref *117* 118
Panama
*76
*76* 76*
*80
83*
Clev.,C.,C. AI *80* 80*
Ohio, Mlssissln
....
—
18* 18*
Del.,Lack.,&W *109* 109* 109* 109*
....
Hann., St. Jos. 106
.... *105*
‘113
do
pref *113 115
19
Col.Chic.A 1.0
Mich. Central.
Morris A Essex
I3i* 136
*134* 136
121
121
92
;;;; *91* 92*
*3
3*
17* 18*
44* 44*
B..Hart. A Erie
Union Pacific.
West. Un. i el.
do
....
7*
*6
10
pref..
Quicksilver....
Pacific Mali....
Adams Expr’ss
Am. Merch.Un
10
42“ 42*
65
64*
m
United States.
*34X 35*
Wells, Fargo..
*31
*
so
This is the price
33
42“
65
•
•
•
42*
65*
46*
*34* 35*
*31*
136
«
•
•
•
.
10
*130
121
91*
•
•
•
•
•
•
•
•
*10*
•
•
•
10*
42* 42*
42* 43*
65*
65*
•
•
•
46
46*
*34* 35* *34*
*31
81*
32*
•
•
•
•
•
•
135*
Frankfort
Bremen
Prussian thalers
The transactions for the week at
the Custom
72 m
72*
House and Sub-
Treasury have been as follows :
-Sub-Treasury.
Custom
House.
Dec.
3..
5..
6..
7..
8..
9..
-Reccipts.Gold.
Currency.
$905,220 81
Receipts.
$471,000 00
$283,739 59
258.434 16
234,000 00
290,000 00
350,000 00
353,886
458,732
812,600
387,768
316.000 00
371,000 00
64
50
00
70
314,324
128,447
133.506
1,736,474
54
70
65
15
31*8,944 03
•
•
•
•••
•
•••
....
2* 2*
17* 17*
44* 45*
45*
7*
*5
10*
42* 48*
65*
42* 48*
65*
46
*35
46
*34
*31
*30
85*
82*
Board.
ind’p’s..
Paul
1869.
Total.. $2,032,0)0 00 $8,176,642 81 $2,965,436 71
Balance, Dec. 2.
60,200,680 63 $7,889,359 45
91*
91*
17* 17*
44* 45
*5
112
120*
•
3
2*
...
....
•
•....
113
•Ill
112
136
....
Payments.
Currency.
$614,537 95 $1,094,287 3S
418,833 26
445,197 73
245,835 00
305,903 67
Gold.
243,395 41
542,136 6424' 1,898,078 43
215,213 36
1.127,937 08 '
249,522
Inc.
$761,600
432,492
f319,573
841,990
$535,366
897,515
273,305
814,413
453,873
144,023
791,014
266,836
316,054
824,659
121,795
425,687
*571,379
448,419
5,454
131,479
801,195
248,836
298,027
298,708
80,938
328,377
837,S88
Dec.
$226,234
12,544
34,977
46,268
18*666
$10,181
18,027
22.951
40,856
102,377
• •••
of the week ha® been emiL*
$^02S>9W
3,171,878 89
4,023,999 10
$6,830,797 06
Banks.—The following statement shows
condition of the Associated Banks of New York City for the wee
ending at the commencement of business on Dec. 3,1870
Balance Dec. 7....... $60,205,444 55
the
New York City
OF—-—
Circula-
AVKBAGB AMOUNT
*
Loans and
New York.
Manhattan
Merchants’...
Mechanics
Union
America
Phoenix.
City
27,577
$3,171,878 89
$63,377,323 44 10,854,796 16
Paym’ta during week..
Banks.
tApproximate. ’
Vhm Cold Market.—The business
;
Hamburg
5.12H@5.13X:
5.08*@5.10
41 @ 41X
36m 36*
41*@ 41*
79*@ 79*
....
113
*135
121
St. Louis A Iron Mountain
#By telegraph.
Swiss
....
1870.
A
Antwerp
Amsterdam
@
@
<3> .....
5.16*@5.16*
5.14*@5.15
40*@ 40,*
36 @ 36*
40*@ 41
78*@ 78*
71*@ 71*
....
railroad earnings for the month of November,
Cleveland, Columbus, Cincinnati
Illinois Central.
109 @109*
10S*@ 108*
London bankers
“
commercial....'
Paris (bankers)
....
Central Pacific
Milwaukee A St.
....
bid and asked, no sale was made at the
The following are
far as reported :
....
....
•
10*
Dec. 9.
Dec. 8.
Dec. 7.
90* 91*
90* 91*
90* 90*
84 * 85*
83* 85*
83* 84*
132* 132*
181
131* 131* 132*
24
24*
23* 24*
23* 24*
102
KT2* 102* 102* 102* 103*
92* 92*
92* 92*
92* 92*
51
51* 51*
51*
50* 51*
105
105
105* 104*
80
80*
79* 79*
79* 80*
89
89* 89*
89
89*
89*
108* 110* 108* 109* 108* 106
94 * 94*
94* 94*
94*
59* 60*
59* 60
59* 60
81
81*
80* 81*
80* 81*
30* 30* .30* 30*
30* 31*
109
108* 10-5* •103 108* 108* 108*
115^
115* 116
115* 116
115*
»ii7* ii§*
*117* 118* *117* .... 118
77
*76 * 77*
77
76*
76*
*80
80* 80* •80* 80*
80*
80* *79
18* .... *18* 18*
18)
*18* 18*
*109* 109* 109* 109*
109* .... 109)
104
104
105
104*
105*
90* 91*
84 * 85*
132
132*
24* 21*
101* 102*
92 * 93*
51* 51*
*104* 106
80* 80*
89* 90
no
no*
94* 94*
59* 60*
80* 81*
31* 31*
*91* 91*
*3*
16
18*
17*
45
44* 44*
44*
*5
7
*5
7*
3*
16*
Friday,
Wednesd’y Thursday,
Tue8da
day,
Dec. 6.
....
Capital Discounts. Specie.
tion._
6iM00 1884,700
$3,000,000 $9,581,600
882!?0O
9,800
2,050,000 5.637,200
3,000,000 6,405,100 1,107,300 887,200
469,800 532,623
2,000,000 5,773,000
1,500,000 3,985,200 1 200,200 467,800
126.257
1.450
3,000,000 8,108,996
sio.ooo
1,800,000 8,808,010
a~5 701
Sim
1,000,000
Tradesmen’s
1,000,000
Fulton
600,000
Chemical
800 000
Merchants’ Exchange.... 1,235,000
National
1.500,000
Butchers’
800,000
Mechanics and Traders’.
600,000
Greenwich
200,000
Leather Mannf. National
600,000
BeveDth Ward, National.
500,000
State ol New tork
American Exchange
5,000,000
4,863,938
2,900,392
2,267,810
6,821,941
2,926,672
3,508,684
2,892.500
42,077
181,493
497,486
20,786
8,253,776
1,317.172
882,452
1,847,900
999,770
9,855,600
10;0Q0,000 21,018,143
751,827
48.645
448,180
487,689
258.700
193,000
2,929
257,633
164,362
614,905
628,500
963.700
415 538
50,800
9,700
482.000
415,666 MUM
"TTffftf
Tpnderi.
peposhts.Tena
$8,448,900 $MJMg
8,464,400
3,999,906 694^00
1.785,100 1,718^48
6,786.»5
4,406.500
riows
3,610,
1^6^®
404.417
310,006
521.53
Lgf’Sf 1,155>M
4,478,257
2,189,481
1,645.088
1,658.400
669,319
2,104.908
340,066
2,942,8*5
5
140.000
5,455,785
819^4
422,400
December 10, 1870. |
THE CHRONICLE.
1.000,000
8.269.400
2,252.210
3.387.700
fe1.!:::::::::::::::: !®:§SS
2,000,000
Kie 51 *!.* *!!!! i 1 *l».
SSS American..:
14,770
1,645,204
67,000
2/80
4,838,593
1.989.500
450,000
1,643,579
2,629,000
2,198,714
412.500
•..
164,400
9,288
1.853.500
000
1.000 000
®S»
Bt. Nicholas. ..
Shoe and Leather
Corn Exchange
1,000.000
1,500,000
1,000.000
2,000,000
750.000
300,000
100,000
300,000
1,500.000
....
Continental.....
Commonweal tn..
•
Oriental...
Marine
Importers and Traders’
2,000.000
Mecbftnics’Banking Ass.
Grocers’
North River
East River
Manufacturers & Mer.
350,000
500.000
5,000,000
fourth National
3,000,000
Central National
Second National
Ninth National
First National
Third National
..
York N. Exchange*
New
National
Tenth
500,000
300,000
300.000
.100,000
National
New York County
German American
Bulls Head
Stuyvesant
Sieve ith Ward
Eighth National
American National
300.000
1,000,000
500,000
1,000,000
2.698.200
3.529.300
2.606.700
4,056.853
2,310,000
1,262,010
1,43 ,280
1,072,230
9.459.800
14,828,281
950,500
724,913
1,182,009
200,000
1,000,000
200,000
-00,000
200,000
250,000
..
Manufactur s & Builders
22,738
422.500
903,419
38,000
5,197
18,100
5,300
2,500
Dec.
806,420
199,466
2,175,100
4,035,291
482.700
724,647
9,275,300
16,554,916
1,031,800
578,827
951,922
472,400
954,000
IS,474,300
9,539,802
1,061.500
4,626,000
3,755,600
4,315,449
680.300
3.523.500
909,625
989.300
1,904,419
1,570,106
225,000
179,800
5,417
6,414
790,000
332,200
768,181
266,900
907,400
2,539
507,423
491,805
522,959
701.115
837,450
'
2,092
683.008
37,257
6,790
936,665
6,100
Dec. 1,114,551
Circulation
1,163,930
15,544
21,600
121,882
Inc .$1,655 027 j
Loans
762,000
4,720
360,000
98,814
503,300
1,015,857
305.500
2,015
11,000
273,400
2,200
23,900
855,700
i
I
115,291
801.700
2,466,502
2.185,3<0
989,710
960,635
250,000
447,780
622/00
198 370
122,344
161,160
156,000
165,300
8,674,30)0
2,680,427
841.500
1,269,000
980.900
1,205,202
221,000
1,075,400
273,525
218.500
280,554
ioaiii
53,113
200.900
800,594
941.116
100,000
17,108,06632,238,388 194,991,319
51*257,656
The deviations from tlie returns of previous
Specie
428.500
401,800
558,981
237,100
140.892
782 366
277.21?
222.000
270,000
430,219
533,732
308,00®
1.257.500
105,000
43,300
2,857.222
1,471,251
488.00?
115,20];
1,718,900
298,81*6 1,875,383
1.192.800
240,86^
556,00®
week
Deposits
Inc
Legal Tenders
.
’
1870:
Total net
Philadelphia
North America ...
Farmers’ & Mech..
Commercial
Mechanics’
Bank N. Liberties
Southwark
.
Kensington
Penn Townsnip...
Western..
Manufacturers’....
B’kof Commerce..
Girard.
Tradesmen’s......
Consolidation
City
'
Commonwealth
Corn
Capital.
Loans. Specie.
Tend.
$1,500,000 $ 5,000,0001428,000
1,000,000 4,013,973 55,950
2,009,000 5,003,524 55,119
810,000 2,327,000
9,300
626,000
800,000 2,226,000
2,681
463,000
500,000 2,314,000
2,000
570,000
250,000 1/354,000 20,220
415,100
250,000 1,132,765
311,000
4,810
500,000 1/331.620
1,000
£01,063
400,000 1,136,454
4,032
308,611
570,150 1,550,000
270,000
250,000
809,468
4,798
277.940
1,000,000 3,352,000 31,000
848,000
200,000 1,341,236
5,744?
320.941
300,000 1,137,275
272,823
400,000 1,204,512
388,734
300,000
934,592 15,000
186.375
500,000 1,666,000 14,000
495,000
30 ,000 1,232,000 63,000
231,000
1,060,’odd 3,401,000 64,000 1,124,000
300,000 1,026,188
279,156
710,529
200,000
200,143
486,000
137,000
150,000
250,000
806,000 19,000
151,0(30
900,000
275,000
189,000
750,000 3,563,000
585,000
1,000,000 2,124,000
451
431,000
Exchange....
Union
Thhd..
fourth
....
5lIlh*
Seventh
“ignth
Central
Bank of
Republic.
Washington
Deposits. Circulat’n
1,000.000
1,000,000
Exchange
1,000,000
Hide A Leather. 1,500,000
Revere
2,000,000
Security.
200,000
Eigie
Union.
Webster
995,852
976.340
1
099,031
1,031,120
693,530
2,528, fi00
910,246
832,465
796,047
708,915
1,310,000
1,302,000
2,067,000
899,4:34
676,090
365,000
648,000
6(19,000
1,723/'00
1,172,0U0
617,000
477,250
454,000
217,230
227,188
176,420
445,' 770
2> >6,885
695, f GO
175,202
270,000
353,491
210/355
450,000
The
16,755,150 61,083,136 800,705 12,698,298 38,682,809 10,814,3(8
The deviations from last week’s returns are as follows:
k®*11.8.
Increase
Decrease.
.
^Pecie
Legal Tenders.... Increase. $469,757
Deposits....
Increase.
795,04q
Circulation
Increase.
46,08g
$16,292
88,871
The annexed statement shows the condition of the
Philadelph la
inks for a series of weeks :
Date.
May
May
Loans.
Jnne
June
tJS®
841,569
53,(47,408
I*
.
Jmy 18.....’.*
July 25
August 1
August 8......
iSSS:::::
nr?
gen*'
S3- 8
Oct.
Oct.
51.265,457
Oct.
Oct.
-
7
7
51,507,346
mm
ri fiid sin
51,573,301
51,083,136
~Below
NKS
12,304,802
498,506
894,166
84 i,988
374,740
11,795,999
11,862,874
12,412,731
12,286,778
11,908,306
12,128,896
12 468,670
1-’,077,910'
i’,077,910 *
11,818.145
12,228,541
12,698,298
790.221
61’066,844
Banks
743,285
35/,643
325,817
292,883
861,464
656,839
51,309,218
51.235,813
Oct.
923.948
;i •)«$ crra
54,283,879
728/44
55,037,866
917,270
64,667,170 1,320,947
64,294,723 1,266,800
53,942,162 1,214,046
53.725,888 1,162,567
53 742,364 1,064,368
781,537
677,934
541,676
5 LI,243
52,086,429
51,673,473
51,362,551
51,297,626
8ept.
Nov
i;ov-
12,305,142
12,116,563
869,597
53,588,296
27
4
July
July
Specie.
1,049,943
52,320,224
53,098,534
20
June
lill
f2,5li0,343
6
Tn'1®
Legal Tend.
16,450,837
16,789,102
16,926,682
16,702,115
16,309,340
15,805,568
15,401,749
14,595,069
14,223,980
14,007,749
13,472,647
13,119,176
12,365,681
12,082,008
52,031,198
g
30
889,576
800,705
we
Deposits. Circulation
44,233,016
45,117,172
45,122,720
44,957,979
44,398,340
44,361,747
44,609,623
44,024,172
43,835,846
42,039,473
41,943,366
41,178,654
39,428,357
38,762,424
38,160,674
38,085,227
37,168.821
37,224,118
37,186,636
37,641,365
86.808,407
36,880,940
£6,682,169
37,174.350
37,100,589
37’ldd;589
37,468,013
37.887,866
37887,866
38,682,809
10,564,075
10,560,378
tt^C
*750,000
Bouton^*116 **’’** *®XK)
Aon
1’00°’000
500,000
joatinental
1,000,000
1,000,000
-4000,009
3,313,178
1,972,167
6,307
7,139
192,163
1,294,215
2,285,621
1,928,619
558
226,843
88,900
836,833
3^6*237
1^6 317
178,010
1,389,176
823/376
686,557
620,264
648,853
28,055
145,122
1->9,000
10,563,297
10,562,197
10,564,54s
10,662,196
10,559,75s
10,556,351
10,559,44s
10,561,78o
10,576,68s
10,590 482
10,591,45o
10,605,79o
10,768,21?
10,814,3oJ
$443,183
792,036
787,635
582,171
449,964
786,126
566,969;
‘m,vW
183,984
251,747
2'fc\8«-
300,419
L 650,881
1,546,530'
2,313
58,108
392,944
5,057.686
337,632
1,082,103
58,611
6,678
144,262
44,736
19,043
41,363
41,267
48,616
3.170,731
233,543
i;828,210
89,756
36.024
2,650,924
3,971,169
3,251,160
3,749.056
4,529,448
1,075,994
966,378
894,250
313,119
96,608
1,256.787
859,980
435,604
898,453
0i!4,147
377,473
78,833
40 s, 70)
660.959
13,534
3,112,055
64,697
593,545
793.6S0
782,980
174,582
926,213
689,091
1,387,171
476,152
1,189,680
289,672
3,483,655
3,090,118
3,881,355
174,982
655,012
1,283,263
2,987/27
1,(82.301
8s2,766
89,300
708.205
329,525
2,427,560
4,873,079
2,814,896
1,706,835
1,893,611
592,498
359,667
954,260
665,610
775,239
*55,458
259.833
290,867
47,916
297,785
1,795,867
176,440’
796,218'’
788,f80
366, £00
736,469
984,957
£64,785
102,128
4,985
16,571
67,162
50,000
6,866
3,290
238,678
1,115
21,024
3,720
4,557,722
377,186-
87.",853
262.833
72,761
68,966
95,654
350,624-
663.206
157,000
218,300
84,843
796,142
785,483
444,342
333,516
791,382
793,926
390, Ot 0
670,863
456,624
652,914
274.614
1,196.473
859,414
2,123,875
377,391
971,639
1,709,141
129,000
536,796
490,125
are
570,473
comparative totals for a series of weeks past:
^Legal
June
June
20...,*
27
4
July
A
..
Specie.
106,454,436
106,416,987
..
11
18
25
!••••••
July
July
July
106,839,304
106.997,278
107,817,458
....
Ug.
8
15
22
29
6
12
19
27
Aug.
Aug.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
..
..
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
Dec.
107,714,221
107,935/376
108,138,260
109,096,614
108,500,573
107,106,644
106,848,334
106,855,S12
106,697,567
106,711,217
106,537,446
106,799,932
106,804,122
105,152,206
105,516,641
106,377,248
107,274,567
109,052,435
3
10
17
24
31
7.
14
17
28
5....
108,924/361
108,544,507
Tenders.
3,397,873
3,177,413
4,298,219
9,186,082
9,332,858
8,816,494
7,897,646
8,362,919
5,494,539
5,411,963
4,811/322
4,439,523
4,019,967
3,564,721
8.958,724
8,883,528
38,537,730
25,156,721
8/331,499
7,983,088
7,561,362
3,153 323
39,267,033
25,119,410
25,(559,111
25,150,653
8/385.215
9,383,916
9,653,013
9,848,686
10,314,803
10,250,725
2,864,348
2,626.331
2,409,122
2,321,671
2,182,443
2,040,225
1,886,214
1,568/369
1,450,218
1,569,452
2,044,662
2,010,170
2,143,746
2,057,203
2,105,536
Deposits. Circulation.
38,647,292
25,175,753
25,185,654
38,899,529
25,130,686
40/560,389
25,189,796
40,723.0*35
25,178,204
40,226,979
25,149,758
29,722,324
10.121.68:3
10,918,675 '
10,939,810
11.584,606
10,557,053
11,639,696
11,929,923
38.271,247
36,972,703
35,957,745
86,470,515
36,360,263
36,688,104
37,1:35/312
38,265,578
40,9:38,300
25,088,616
25,021,849
25,0:37,946
24.995,959
24,949/341
24,9134,153
24,954,046
21,971,034
41,588,981
41,696,326
42,092,375
44,110,125
44,03 >,050
24,501,944
25.090/357
44/497,896
43,920/81
44,345,792
12,04 >,403
12,612.076
1
24,889,148
24,864,>43
24,889,227
24,864,668
24,653,930
SOUTHERN SECURITIES.
These
Quotations are of the Less Active Securities which
are
Prices
not Given on the Next Page.
by Lawrence Bros. & Co., 14 Wall Street, and A. C. Kaufman. Charleston, S. C.
(Many quotations are necessarily nominal.)
North Carolina.
City
Wilmington * Weldon 7s....
Securities.
“
Alexandria 6s
Atlanta, Ga,7s
Augusta, Ga., 7s, bonds
Ch’leston, S. C., 7s, F. L. bds
Columbia, S. C , 6s
Columbus,'* 7s, bonds .....
“
IstM., 8s...
South Carolina.
stock
Savannah * Char. 1st M., 7s..
North Eastern 1st mtg. 8s...
o
*•
2d
3d 44
stock
1
‘
44
“
Montg’ry A West P. 1st, 8s..
“
1st. end
Income.
2ds 63
Virginia Central lets, 6s....
2nds, 6s
..
3ds, 6s.....
4th, 8s.....
Georgia.
SouthwesternRit., 1st mtg.
fund. int. 8s
85
stock
Rich. A Danv
Macon and Augusta bonds
..
41
endorsed.
Savannah, Albany.* Gulf 7s
bonds, end. by Savannah..
Pensacola A Georgia 1st m 7s
“
“
2dm 8s.
Mississippi and Lou¬
isiana.
14 8s
& Tenu. 1st m.7s
console 8b
lsi cons’d 6s.
73
76
Piedmont bra’h
44
lsts ^
Southside, 1st mtg. 8*/
Macon and Augusta stock...
Atlantic and Gulf stock..
“
f
4th, 8s.........
State of Alabama
Mobile and Ohio. 2 mtg, 8s
Selma and Meridian 1st m. 8s
“
.
Orange A Alex. * Man. lets
Va. A leun lsts bB.........
Montgomery and Euialla 1st
8s, gold bonds, endorsed by
Mississippi Cent. 2d
“
end
2ds 6s...,
Sds 8s....
4ths8s....
Alabama.
“
50
6s
Virginia.
Orange A Alex., lsts 6s,.
Railroad Securities.
•*
..
by State of Tenn
Memphis and Ohio 10s
8s
“
8s...
8s...
Cheraw A Darlington 7s
Hue Ridge, 1st Mortgage
Tennessee.
East Tenn. A Virginia6s,
Wilmington,N. “C.,6s
“
...
Sparten-burg and Union 7s,
guar'd by State S. C
.Jetersbnrg6s
“
50
Chari., Col. A Aug , 1st M.,7s
tNashville6s
Nortolk 6s
“
ch. & Ruth.IstM.end
“
Fredricksburg 6s
Lynchburg 6s
Macon 7s, bonds
Memphis6s, endorsed...
Memphis past due coupons..
Mobile, Ala., 5s, bonds....
8s,
“
...
.
10,601,119
10,’755,’669
10.781 96 S
298,014
909.S85
2.136,442
359,355'
240.613
442,000'
555,040
552,697
958,932
7,200
1,845,070
7,102,567
628,012
2,322,931
2,294,444
1,853,291
586,5ST
351,174
59,906
10,681
13,121
1,890,972
1,473,861
Richmond 6s
ope
$512,82*
79',337
1,593, 07
Montgomery 8s
Ban^si as returned to the ClearingNotes. Deposits. Circula
House, Dec. 5,1870.
Loans.
Specie. L. T.
$134,446
139,145
271,667
following
10,561,684
10,567,356
10,569,859
10,562,882
^ve a statement of the Boston
$1,605,255 $15,618
2,695,236
£6,227
118.631
219,000
Inc.
10,556,277
10,556,100
10,553,981
10,548,151
'
1,975
10,000
99.4945
442,556
1,28.3,879
534,659
1,274,592
1,007,283
41,143
467,666
2,507
57,127
...
Loans.
215,000
795,000
262,214
178,000
1:36,000
219,335
241,000
686,000
800,000
640,144
2,697,455
1,453,101
2,556,100
47,350,000 108,544,507 2,105,536 12,612,076 44.345 792 24,653,93®
The deviations from the returns of previous week are as follows r
Loans
Dec.
$419,854 Deposits
—Inc.
425,011
Dec.
210,738
Specie
Inc.
48,313 Legal tenders
Total
Capital
1,000,000
1,530,000
Total.
Aug.
1,304,000
750,000
1,000,000
1,600,000
300,000
2,000,000
1,000,000
1,000,000
1,500,000
City
Aug.
1.862,000
1,164,000
1,963,000
....
First
Second (Granite)
Third
B’kof Commerce
P’kofN. Amer.
B’kof Redemp’n
B’kof the Repub.
1576,246
668,900
.
Dec.
Philadelphia Banks.—The following is the average condition
of the Philadelphia Banks for the week preceding Mondav Dec 5
Banks.
Maverick
400,000
Merchants’
...3,000,000
Mount Vernon..
200,000
New England... 1,000,000
North
1,000,000
Old Boston
900,000
Shawmut
1 000,000
Shoe A Leather. 1,000,000
State
2,000,000
Suffolk
1.500,000
Traders’
600,000
Tremont
2,000,000
Circu ation
follows:
are as
200,000
Freeman’s
600,000
Globe
1,000,000
Hamilton
750,000
Howard
1,(XX),000
Market
800.000
Massachusetts..
800,000
239,18?
1.
693,428
319,022
191,844
1,054,600
2,417,000
Everett
Faneuil Hall.... 1,000,000
760,70?
5,092,263
1,225.230
1,939,796
670.500 2,894,500
83.970,200 266,263,143
Total..
2,230,100
1,281,986
2,007,000
1,201,256
1,628,000
2,912,600
280,88?
5,744
5,537,COO
3,021,700
4,970,179
1.127.400
8.980.300
500.00G
200,000
100,000
Germania
2,410
91,070
10,732.700
1,347,000
250.000
Rowerv
4,893,434
129,300
5,968
4,000
42,900
132,666
70,109
898,0C0
1.331.500
17.517.800
300,000
831,888
2,774,800
1,384,950
292,672
13,1*00
1S9.216
1,107.735 1.855.843
29,735
130,514
63,554
3,946
131,100
519,30)
60,100
714.500
16,800
833,700
1,740,000
1,000.000
8,101,200
4,720
848,113
94,000
ggr.r.:::::::::::::: iSS
Market
53,100
207,038
4.M0.000 10,480,232
1,516,095
2,156,026
1,000.000
2.814.800
Metropolitan
900,000
796,910
479,100
757
2d m. guart'd 6a
3dm. 6s
44
4th m. 8s
Norfolk & Petersburg 1 m 8s
“
7s
Richm. & Petersb. lstm 7s
“
“
2d m. 6s
41
44
3dm. 8s
“
44
78
44
44
44
Poto. 6s.
Fre’ksb’g A 44
44
conr
44
44
“
-
7s
6s
75
*
THE CHRONICLE.
758
Quotations of New York Bank Stocks.
INSURANCE STOCK LIST.
Marked thus
(*)
Jan. 1, 1870.
are
DIVIDENDS.
participating, & (!)
write Marine Risks. Capital. Netas’ts
’6' 08
Periods.
Bid. Askd.
Bid. Askd.
135
138
Mech. Bkg Asso
149
302
Broadway
117
116
Ocean
72
124
187
Mercantile
New York
Manhattan
Merchants
’69 Last paid.
,
Mechanics
Union
America
25
50
American *
50
American Exch’e.100
Arctic
50
Astor
25
Adriatic
iBtna
Atlantic (Br’klyn) 50
Beekman
25
Bowery (N. Y.)
Broadway
Brooklyn
25
25
17
..
Citizens1*
20
70
City
Clinton
100
30
Columbia
Commerce (N. Y.).100
Commercial
50
Commonwealth ..100
.100
Continental *
...
Exchange.. 50
Eagle
40
100
Empire City
Corn
...
Excelsior
50
Exchange
30
Firemen’s
17
Firemen’s Fund.. 10
Firemen s Trust. 10
Fulton
25
100
Gebhard
50
Germania
50
Globe
Greenwich
25
Grocers’
50
Guardian
1< 0
Hamilton
15
Hanover
Hoffman
50
50
Home
100
Hope
25
Howard
Humboldt
50
100
Import’&Traders 25
International
50
Irving
25
Jefferson
3G
King’s Co’ty(Bldn 20
Knickerbocker... 40
Lafayette (B’klyn) 50
Lamar
.100
25
Lenox
L’g Island*(B’kly) 50
Lorillard..
25
Manhattan!
100
$200,000
800,000
200,000
200,000
250,000
250,000
300,000
io
10
10
10
10
11
5
10
14
20
20
10
10
12
10
10
10
9
10
15
15
10
20
20
13
10
10
10
10
16
5
,
.
10
14
20
14
.
#
,
5
..
1,000,000 1,650,141
500,000 1,357,768
200,000 636,626
200,000 424,176
150,000 210,868
200,000 274,714
200,000 450,794
300,000 363,178
241,456
150,000
150,000 833,585
200,000 263,718
300,000 437,750
405,439
210,000
200,000 380,117
N.Y.Fire and Marlty
5C 1,000,000
500,000
350,000
200,000
200,000
150,000
150,000
North American. 50
North River
25
25
Pacific
Park
100
1,000,000
200,000
300,000
200 000
10
10
10
10
10
20
.
150,0(K
1,000,000
Standard*.
Star
200,000
200,000
200;0C0
United States.
200,000
150,000
250,000
400,000
250^000
500,000
10
io
11
10
10
10
10
10
10
10
5
12
10
13
10
12
10
15
10
1020
5
10
10
12
10
10
13
10
15
10
10
10
12
5
10
20
11
10
20
12
10
14
12
to
10
10
16
10
10
10
10
10
10
10
20
is
75
July
July
July
July
,
July
July
Ju'y
July
July
12
10}
18
15
10
10
10
13
185
Brooklvn City
Brooklyn and Hunter’s Pt....
Brooklyn and Jamaica
do
do
do
60
.
“
75"
1st M 7’s
2d M 7’s
3d M 7’s
Brooklyn City and Newtown.
do
IstM 7’s
Coney Island (Brooklyn
Grand Street and Newtown...
Van Brunt St v Erie Basin....
do
1st M 7’s
GAS STOCKS.
Qua—Brooklyn
Citizens (Brooklyn)
Harlem
Manhattan
Metropolitan
100
195
.
.
77*
77*
75
60
65
.
.
.
40
95
50
77
35
90
45
75
11
10
.
.
.
.
180
204
235
133
275
2io
*
....
185
Excelsior
Grocers
East River
126
Market
106
Nassau
Shoe and Leatli. 163
Corn Exchange. 130
104
103
190
r
t
111
#
t
126
...
112
84
Eleventh Ward.
lbh
1*
.
168
100
100
105
**
103
105
“
“
“
107V
109
125
/
Oriental
107
168
Gold Exchange, 70
Bankers & B.As 100
7}
-
105
..
102
98
106
60
Ill)
85
109
122
132
Hanover
Home
Howard
Mech.&Trad’rs’.140
lio
Mercantile
Merchants’
125
135
Jefferson
Knickerbocker..130
80
Lamar
Lenox
182
109
111
139
106
Long Island
Lorillard
Manhattan
Murket
100
97
150
North AmericanlOO
North River
105
Phenix
107
Relief
100
107
Republic
147
Lafayette
106
195
Metropolitan... 50
Nassau
150
National
117
New Amsterdaml05
N. Y. Equitable. 156
New York
M2
108
200
160
Niagara
Ill
International... .110
104
110
Bid. Askd
103
Irving
113
-.100
168
250
92
BANK
Security
Sterling
141
...109
112
140
118
145
120
12
10
10
10
5
10
10
12
14
10
10
10
Capital.
Companies.
(Marked thus (*) are not
o
National.)
$3
101
103
90
85
93
90
Stuyvesant... ..101
103
United States...150
Yonkers & N Y.100
154
g
cj
LIST.
Dividend.
Amount.
Periods.
Last Paid.
ILS)
July ’70. .6
July ’70. .5
July ’70. .5
July ’70..8
Aug.’70 .5
July ’70.34
July ’70. .5
July ’70. .5
Aug.’70. .5
Aug. ’70. .5
July '70. 7
July '70. .7
Aug. ’70. .5
July '70..5
July 70..5
98
188
100
100
100
America*
American
AmericanExchange
Atlantic
Bowery
Broadway
Bull’s Head*
Butchers & Drovers....
.
..
.....
City
Commerce
.
Commonwealth.
Continental
Exchange*
Currency
East River
Eighth
Eleventh Ward *
Fifth
First
Fourth
Fulton
.
jGennauia*
Greenwich*
Grocers’
Hanover.
Harlem*
Importers & Trad
Irving
Manufat turers& Builders*
LeatherManufact’rs
50
.
100
100
100
25
50
25
100
50
50
100
25
100
60
100
100
.
Marine
Market
Mechanics’
Mech. Bank. Asso.
Meehan. & Traders’
Mercantile
Merchants’
;
Merchants’ Exch
Mutual *
50
35
55
1 20
10
150
*
100
100
100
100
60
50
25
Ocean
Pithole Creek
25
Oriental*
Pacific* —'.
15
Park
—
1 United Petroleum Farmsi....
United States
100
25
40
100
100
100
50
100
100
Manhattan*
Manufac.&Merch.*...
Nassau*...
National (Gallatin)
New York.'.
New York County
New York Exchange
N. Y. Gold Exchange*-...
Ninth
North America*
North River*
20
50
100
25
20
100
100
100
—
Peoples’*
:
MINING STOCKS.
Phoenix
Gold—
American Flag
Bates & Baxter
Benton Gold
Black Hawk Gold
Central Gold......
Republic
Security*
.
Bt. Nicholas’
50
Grass Valley
Gunnell Gold
La Crosse Gold..
100
Seventh Ward
Second.
Shoe & Leather
14
16
Sixth
15
....
State of New York
Stuyvesant*
Eldoyado
Tenth.
Third
Tradesmen’s
Union
Union Square.
West Side*
.
'.
45
....
..
....
65
...5
-
Central
Chatham
Chemical
Citizens’
Corn
3,000,000 Jan. and July..., July ’70
4
500,000 Jan. and July... Nov. ’70
.4
6,000,000 May and Nov... NoV ’70
75
300,000 Jan. and July... July ’70
4
100
250,000 Jan. and July.. July ’70
5
25 1,000,000 ..Quarterly..., Oct. ’70
3
Oct ’70.......
25
200,000 .Quarterly
25
5
800,000 Jan. and July . July ‘70
100 3,000,000;Jan. and July
4
July ’70
25
450,000 Jan. and July.. July 70
100
6
800,000 ev. two .months Nov. 1.. .'
25
400,000 Jan. and J uly... July 70
100 1,000,000 May and Nov... Nov. 70
10
100 10,000,000 Jan. and July.
Juy *70
....5
100
750,000 Jan. and July... July ’70......3*
100 2,000,000 Jan. and July... July ’70
5
100 1,000,000 Feb. and Aug... Aug. ’7s)
100
5
100,000
July ’70
25
4
350,000 Jan. and July... July ’70
100
4'
250,000 Jan. and July... July’70
25
Inly ’70......
200,000 Jan. and July
100
5
150,000 Jan. and July. July ’70
5
100
500,000 .Quarterly... Oct. ’70
Jan.and July... July 70
100 5,000,000
4
30
5
600,000 May and Nov... Nov. ’70
..
Metropolitan
101
200
Philips
Smith & Parinelee Gold
Minnesota Copper
Walkill Lead
Walklll assented (lead)
STOCK
,r,0.10
521
Rtocky Mountain
Quartz Hill
Symond’s Forks..
Park
Manul & Merch
N Y. Nat.Exch
Central Nation’l
First National..
Fourth Nation’l
Ninth National.
Tenth National.
Bid. Askd.
Fulton
Gebhard
Globe
Grocers’
Germania
Guardian
Fireman’s
Fireman’s Trustl03
July '70..6
July ’70. .6
July ’70..6
N.Y.& Alleghany
Northern Light
N. Y. &
260
Eagle
Empire City
July '70..8
July '70..5
Home Petroleum
National
Liberty
116
164
'70..5
'70. ’5
’70..6
'70..5
Consolidated Gregory
.
Peoples
130
Commerce
Oct. '70. .5
Williamsburg
PETROi.EUM STOCKS.
Bennehoff Run
Second
.
140
140
118
Citizens
175
200
City
’70..5
’70. .6
'70..5
’70..7
July ’70..5
July '70..8
July ’70..'7
July ’70..8
July ’70..5
July ’70..5
July '70.10
July '69. .5
July ’70..6
July ’70.10
July '70. .6
July '70. .6
July '70.10
Aug. '70..8
July ’70. .5
July ’70. .5
Peoples’ (Brooklyn)
J1 Rynd Farm
National
.
.
118
Irving
*
Julv ’70 .5
Brevoort
105
100
80
85
140
195
100
175
119
108
,
135*
Bowery
Brooklyn
'70..5
’70. .6
’70..7
Sep. ’70..5
Buchanan Farm
Central
IstM 7’s
Fortv-second st. & Gd. st. Fer.100
do
1st M 7’s
100
Second Avenue
75
do
1st M 7’s
80
Sixth Avfenue
131
Third Avenue
185
IstM 7’s
100
Broadway (Brooklyn)
do
Real Estate 7’s
95
.
Metropolitan.... 186* 186*
65
195
110
80
125
80
Aetna
Arctic
’70..5
’70..5
’70..4
’70.10
July
July
July
July
July
July
July
Bergen Coal & Oil
do
153
160
Astor
Beekman
.
Bid. Ask.
Dry DockE.B’dway & Battery 80
do
85
1st M 7’s
Eighth Avenue
150
N. America
Hanover
Bid. Askd.
Adriatic
American
Clinton
Columbia
Commercial
Continental
New York
Central Park, N. & East Rivers 85
do
....75
1st M 7's
Republic
90
Atlantic
New Y. County.
Importers & Tr.
•
„
Commonwealth.
Quotations of New York Fire Insurance Stocks.
July
July
Aug.
July
July
io 12}
10
11
10
10
10
10
10
10
103
180
170
115
105
&6
Corrected hy E. S. Bailey, Broker in Insurance Stocks and Scrips, 65 Wall street.
Citizens’
5
5
215
106
.
OcU '70.10
15
10
10
,,
62)4
IstM 7’s
10
5
10
18
12
10
0
10
1,335,966
10
691,657
454,205 April and Oct. 10
408,62a Jan. and July. 12
10
ao
299,444
279,537 Jan. and July. 10
233,214 Jan.and July. 10
10
do
1.717,430
10
do
304,145
11
do
639,698
do
258,439
337,040 ;Jan. and July. 11
225,818 Feb. and Aug. 10
1 898 215 Jan. and July.
381,611 Jan. and July. io
10
270,068
do
257,408 Feb. and Aug. 5
298,317 Feb. and Aug.
409,984 Jan. and July. 11
10
do
435,331
774,538 Feb. and Aug. 10
534,979 Jan. and July. 10
10
do
846.141
Bid. Ask.
CITY RR STOCKS.
Bleecker st. & Fulton Ferry... 35
do
1st M. Bonds coup... 80
Broadway & Seventh Av
20
...
Pacific
Chatham
Continental
St. Nicholas....
Marine
Jan. '66 .5
.
io
.
200,000
....
do
do
do
do
do
do
do
do
do
do
do
do
Jan. and July.
Feb. and Aug.
Jan. and July.
do
10
10
7
10
10
10
’70.10
’70.3}
’70. .7
’70..7
’70..5
’70. .5
’70. .5
'70. .5
July ’70.10
’70..5
'70..5
’70.. 5
’70..6
’70..5
Aug. ’70.10
5 Sep. ’69..5
5 July ’70..5
5
10 10 July '70.10
10 10 July '70..5
10
10
10
10
20
•
.
July
July
Aug
July
July
July
July
July
Jan. ’66. .3
.
..
..
June ’70.10
Aug. ’70. ,8
•
20
10
10
10
....
Am.
145*
Phenix.
North River....
Tradesmen’s
Fulton
Greenwich
Butchers* Drov
Mechanics & Tr.
National
Merchants’ Ex..
Leather Manuf..
Seventh Ward...
State of N York
Commerce...
T
Exchange. 111* 112
137
City
July ’70.. f
July ’70..8
July ’70.11
July ’70..6
July ’70. .6
Aug.’70. .8
12 Sept.’70.. 6
10 Aug.’70 .5
14} 14}
.
•
14
17
..
New Amsterdam. 35
N. Y. Equitable.. 35
do
10
.
Metropolitan!.... 8C
Montauk (B’klyn) 50
Nassau (B’klyn).. 50
National
3?#
Rutgers’
10
Hi 141
.
100
Meehan’ & Trade’ 25
Mechanics (B’kly) 50
Mercantile
50
Merchants’
50
.....
497,749
10
200,000 259,065
is
300,000 512,816
12
200,000 363,888
20
153,000
339,663
20
300,000 6S2,669
14*
210,000
451,161
12
250,000
379,121
300,000 464,854
10
200,000 251,508
10
200,000 293,887
10
250,000 380,70S
14
500,000 2,107,925
300,000
402,361
300,000 570,276 April and Oct. 10
270,349 Jan. and July. 14
200,000
10
do
200,000 329,185
150,000 169,669 Jau. and July.
204,000 382,526 Jan. and July. 10
do
172,24 %
150,000
do
150,000 215,861
io
do
200,000 336,486
200,000 258,856 Feb. and Aug. 10
500,000 992,016 Jan. and July. 12
200,000 303,352 Jan. and July. 10
200,000 426,082 Feb. and Aug. 12
226,623 Mar and Sept.
200,000
200,000 267,916 Jan. and July. 7
do
10
150,000 268,931
do
10
673,357
400,000
do
216.230
200,000
10
do
2,500,000 4,395,081
do
150,000 225,543
do
10
500,000 764,624
do
200,000 262,295
do
200,000 290.926
500,000 1.174,495 Jan. and July.
200,000 358,687 Jan. and July. 10
372,849 March and Sep 10
200,010
150,000 249,103 Jan. and July. 10
10
do
280,000 415,924
do
10
150,000 219,518
do
10
300,000 563,575
10
do
150,000
238,658
14
do
200,000 372,123
Market*
Niagara*
Jan. and July.
Jan. and July.
Jan. and July.
Jan. and July.
Jan. and July.
Feb. and Aug.
March and Sep
Feb. and Aug.
June and Dec.
Feb. and Aug.
Jan. and July.
Jan. and July.
Feb. and Aug.
Jan. and July.
do
do
Jan. and July.
Jan. and July.
Jan. and July.
March and Sep
245,969
458,406
760,193
286,232
310,181
452,982
[December 10,1870,
•
100
100
100
100
100
100
too
40
50
100
100
200 000
200,000 May and Nov.. July’70.
*3
5
300,000 Jan. and July... July 70
4
1,000,000 Jan. and July... July ’70
100,000
1,500,000 Jan. and July... July ’70.*.6
..4
500,000 Jan. and July... July ’70
100,000
6
600,000 Feh.and Aug. Aug. ’70
.5
2,050,000 Feb. and Aiig.. Aug. ’70.
4
500,000 Jan. and July.. July ’70
6
400,000 Jan. and July.. July ’70
5
1,000,000 Jan. and July... July ’70
5
2,000,000 Jan. and July... July ’70
5
500,000 May and Nov,.. Nov. ’70
5
600,000 May and Nov... Nov ’7U
6
1,000,000 May and Nov... Nov. ’70
3,000,000 Jan. and July.. July ’70
1,235,000 Jan. and July... Jan. ’70
4,000,000 Jan. and July... July ’70
1C0/I00
1,000,000 May and Nov .. Nov/70'.
4
1,500,000 Apriland Oct... Oct. ’70
5
3,000,000 Jan. and July... July 70
8
200,000 Jan. and July... Juy ’70../
800,000 Jan. and July... July 70......3#
6
500,000 Jan. and July.. July’70
5
1,000,000 Jan. and July. . July ’70
1,000,000 Jan. and July... July 70......3*
4
'400,000 Jan. and July... July ’70
4
1,000,000 Jan. and July... Aug. ’69
6
SCO, 000 Jan. and Ju y.. July ’70
....4
422,700 Feb. and Aug.. Nov.’70
7
2,000,000 Jan.and July... July ’70
5
412,500 Jan. and July... Juy ’70
4
1,,800,000 Jan. and July... July ’70
4
2,000,000 Feb. and Aug... Aug. ‘70
250,000
.5
1,000,000 Feb. and Aug... Aug.*’70*
4
500,000 Jan. and July.. July ’70
..*>
300,000 Jan.and July.. July ’70
.. «
1,500,000 Jan. and July. ? July ’70
]
200,000 Jan. and July.. July ’70
2,000,000 May and Nov...
May ’70
]
200.000 May and Nov.
r.4
1,000,000 Jan. and July... July ’70
6
1,000,000 Jan. and July... July ’70
1,000,000 Jan. ana July... July ’70
...6
T .500.001 May and Nov... Nov. ’70
,
.
200.000
‘200,000 Jan. and July.
1
759
THE CHRONICLE.
December 10, 1870.]
GENERAL QUOTATIONS OF STOCKS AND BONDS.
^ocks and Bonds given on a Previous
<Cent Yalnes Whatever the Par may be.
The AC
Bid, Ask.;
SECURITIES.
AND
STOCKS
■jf^w^Tork Prices.
J.S.
li'MOs, 0864) reg
L ?20b (1865) reg
68 JSs 1866, new)
MOs,
6s
(1867) reg
reg
do
do
TSr"*«?’Siw-boidi::::;:
Virginia6s,
old
new bonds....
registered old
1866...
do
do
do
do
do
do
do
do
do
Georgia 6s
do
do
North
do
do
do
do
•
.
29*
24*
24
19
90
m
66
92*
92*
93*
93
do
do
88*
84
93*
do
66"
do
do
2d
100
100
do
'
68,1875
68,1877
68,1878
58,1874
5s, 1875
,
,
103
103
103103
103
103
100
100
6b, 1874
...
CITY BONDS.
40
Tit
Assessment 7a
103
RAILROAD BONDS.
N.Y. Central 6s, 18S3
do
6e, 1887
do
6s, real estate...
do
6s, subscription,
do
7s, 1876...........
do
78, conv. 1876—
do
78,1865-76........
Erie 1st Mortgage Extended..
do 1st Endorsed
do 7s, 2d do
1879
do. 7a, 3d do
1883
do 7s, 4th do
1880
,do 7a, 5th do
1888
huff. N.Y. A El 1st M., 1877....
Had. R. 7s, 2d M, S. F. 1885
do
7s, 8d M6rt.,1875..
Harlem, 1st Mortgage
do Con.
M’ge A S’kg F’d.
Albany & Suaqlra, 1st bonds..
105
106
95
100
100
100
100
04
Little Miami stock
Detroit.
Detroit 7s
88
...
do "Water 7s
Det. & Mil., 1st M., conv., 7, ’75
do
2d M., 8,1875
do 1st M., Fund’d cp, 7,’75
do 1st M.,(Det.&Pon.)7,’71
do 2dM.,(Det.&Pon.)8,’86
do
6s, ’85
Delaware, 1st M., 6.
do
2d
3d
do
M., 6.
M., 6.
do
102
.
Louisville 6s, ’82 to ’84
do
fis, ’96 to ’97
do
Water 6s, ’87 to ’89..
do
Water Stock 6s, ’97.
do
Wharf 6s.,
98
96
6 of’89
&
90
do
special tax 6s of ’89.
Jeff., Mad. & I,lstM.(I&M)7, ’81
do
do 2d M.,7,1873
do
do 1st M:,7,1906...;
Louisv. C. & Lex., 1st M„ 7, ’97..
Louis. & Fr’k., 1st M., 6, ”i0-’78..
.
1
90
85
90
Loui8v.&Nash.R,lstM,con8.,7
(Lehigh Valley, 1st M., 6,1878.. 94
do
do 1st (new) M., 6,’93. 99*
Lake Shore Consolidated, 7...
97*
(100
Little Schuylkill,lstM.,7,1877. 100
Montclair RR oi N. J..7s, gold
95
Mo. A Mont. RR, 1st M. 8s, gd.
North Pennsyl., 1st M., 6.1880.. 101
85 ^
New Jer. South. RR, 1st M. Ts..
do
Chattel M.t 10,1887. Ill
N. O., Mo.& Chat. RR, 1st M. 8s1
do
2d Mortgage. 7
98*
92*
....MOO
N. Hav., Mid. & Wll. RR. 7s....
do
Funding Scrip, 7...
N.Y. & Osw.Mid. R,lstM.7(gd)
iOll Creek & Alleg. K., 1st M., 7. 78*
Port Royal RR 7s
Pennsylvania. 1st M.,6,J-80... 102*
mla,
100
d.0
2d M., 6,1875
Pough. A East. RR, 1st M. 7s, gd
do
So. A Nor Ala. RR, 1st M. 8s, gd
Debentures, 6,’69-’71 95*
St. Joa. A Den. C. K,lst M,8(gd)
Phila, & Erie, 1st M., 7,1887..
i02*
do
1st M. (gold) 6, ’81 91
West Wis. RR., 1st M.t 7, (gd)
do
1st M. (cur.) 6, ’81 89
RAILROAD STOCKS.
do
2d M., 7,1885
{
do
(Not previously quoted.) j
SdM.,6,1920
90
Albany & Susquehanna..
i 85
Philadelphia & Reading, 6, ’70.
do •
do
115* 116 |
6, ’71.
Chicago A Alton
do
do
*1118*!
do
do
6, ’80. 98
preferred...]-It*
do
do
do
do
scrip
6, ’36. 104*
153
155
i
do
Chlc» Bur & Quincy
Debentures, 6. 82*
80* 80*
do
do
7, ’93. 104
Clev., Col., Cin, & Indlanap ..
18* 18*| Phil., Wllm.&Bal., 1st M.,6,’84
Col. Chic. A Ind. Central
94
Westell. & Phil., 1st M., conv,7.
Dubuque A Sioux City
do
47* 48*
do
2d M., 6,1878...
Erie Railway preferred
106
104
91
West Jersey, 6,18S3
Hannibal A St. Joseph
112
do
do
pref....
Wllmlng. & Read.,1st M.,7,1900 90*
164”
Chesa. & Delaw., 1st M.. 6. ’86..
Hartford & N. Haven
Delaware Div., 1st M., 6, ’78
Long Island ...:
Marietta A Cin., 1st preferred is*
Lehigh Navigation, 6, ’73
do
do
Loan of 1884,6,’84
do
2d pref.
do
Loan of 1897,6,’97
9i*
Morris & Essex
do Gold Loan of’97,6,’97
New Jersey.,,
do Convert, of 1877,6,’77
132*
New York A Harlem
New York A Harlem, pref.....
’Morris, 1st M., 6,1876
do
do.
do
Boat Loan, S. F„ 7, ’85
Lou. Loan (m. s.16.’R6-*87
do
(Leb.Br.) 6,’86
IstM. (Mem. Br) 7, ’70-’75.
do
do,
do
do
do
do
102
95”
lstM.(Leb.hr.ex)7, ’80-*85
Lon.
L’n(Leb.br.ex)6,’93
Consol. 1st M.,7, 1898...
78* Jefferson., Mad. & Ind. stock.
Louisv., Cin. & Lex., pref...
104
do
100*
96*
102*
_
do
common
Louisville & Nashville
St. Louis.
_,,St Louis 6s
89*!|
Jo
Water & Wharf 6s.
do
95
new
do
Park 6s
do
Park 6s gold
do
Sewer Special Tax 6s
North Missouri, 3d M., 7,1888.
do
91*
91
Inc.Bonds,7, No. 16
do
No. 11
II
do
7s.
North Missouri stock
:..
Pacific (of Missouri) stock
90*1 |San
.
7s oi 1864.
10s...
32*
16*
83
.
J 17*
I 82
San Francisco.
Francisco 6s of 1858. (—
do
do
Si
75*
72*
Land Gr. M„ 7. ’Tl-^
do
!|
lo
do
stock
Denver Pacific RR & Tel
89
S3
| (Kansas Pacific 1st M., (gold
do
IstM.(gold) 6, ’95
co
1st M. (gold) 6,1896..
1 st M.(Leav.Br.)7, ’96
do
83
.
•
85
25 8 ,92*
f&kliOO
Leading SoutHern
Schuylkill Nav., 1st M., 6,1872.
do
do
2d M., 6,1882.. 75* 76*
Securities.
Atlanta bonds, 8s
do
do Improv., 6,1870.. 71
Charleston stock6s
Camden & Amboy stock
117* 118
scrip.
New York, Prov. A Boston
Norwich A Worchester.,
95*
Water 6s, gold.....
dp
?5*!
New York & New Haven
Louisv. Loan, 6.’81.
do
96*111IL. &Na8h.lstM. (m.s.) 7,’77..
....
Ohio A
Mississippi, preferred
30
24
Catawissa stock
Rensselaer & Saratoga
do
74*
Rome, Watertown A Ogdens. 127 134*
preferred stock
56
Elmira & Williamsport
23* 26
St. Louis, Alton & T. Haute..
53
Elmira & Williamsport pref.. 78
do
do
pref
46*
St. Louis* Iron Mountain...
Lehigh Valley
Little Schuylkill
88* 88*
Toledo. Wab.A Western, pref
105
Mine Hill & Schuylkill Haven. 104
Northern Central
do
80* 81*
MISCELLANEOUS STOCKS.
do
2d
do
30
North Pennsylvania
92* 94
V’ do
American Coal
do
3d do
93 i 93*
Oil Creek & Allegheny River
Mich. Cent. 1st M. 8s, 1882
Consolidated Coal
t. Chffi.,Bur.«
12(>*i 1203$
Cumberland Coal
Pennsylvania..
Q. 8 p. c.lst M... 111*
20
30
Mtdh. So. 7 per ct.2d Mort
53*
Philadelphia Erie
Maryland Coal....
:
94* 95
224
Mich.8. AN. I. S.F. 7 p. c.... 97
Philadelphia & Trenton
97* Pennsylvania Coal
42’
Pacific R. 7a. guart’d by Mo... 98
Phila., German. & Norristown 200
Spring Mountain Coal
Central Pacific Bonds
Wilkesbarre Coal
Phila., Wllmlng. & Baltimore 110 fill
91*
126
122
67* West Jersey
Union Pacific 1st Bonds.......
Canton Co
do
Delaware A Hudson Canal
119* Chesapeake & Dela. Canal...
Land Grants, 7s. &*
89
Delaware Division Canal
do
Atlantic Mail Steanufcip
Income 10s......
Ittftbia Central 7
Mariposa Gold..r«.r
’!* Lehigh Coal and Navigation. 67*
Alton &T.H., 1stp. ct.,1875...
33
Morris (consolidated)
do
^Trustees Certif.
M
96”
-
Louisville.
85*
...
‘
’
Columbus & Xenia stock
Dayton & Michigan stock
73*
,
Water 6s
Park 6s
do Ts
Jersey City Water 6s..
New York 6 per cent,
108
98
100
,
Brooklyr6s
do
do
do
!05
1W*
97*
99*
5s
do
Funded Debt 6s
do
7s...
Water exten. 7s
Hunt. A Broad Top, 1st M„ 7...
do
do
2d M., 7, ’75...
do
do
Cons. M., 7,’95.
’June., Phila., IstM.. guar .6, ’8*2.
90
90
[Ev. T. H. & Chic., 1st M.7s, g’d.
100
104
do
consol., 6 of’89..
‘Cam. A Bur. & Co., 1st M., 6...
x X’atawissa, 1st
M., 7
93* Elm. & Wil’ms, 5s
I do
do
7s, 1880
NEW, OR REGENT LOANS.
100
100
101
103
104
104
107
99
89
,Bur. C. R. & M. RR, 1st M,7(gd)
iChes. A Ohio RR, 1 st M., 6,(gd)
100
100
100
6s, *77-’82
68
Camden A Amboy, 6 of ’75
do
do
6 of’83
MISCELLANEOUS BONDS.
66”
77*
105*
67
68, new
do
Belvldere
W Union Tele. lstM.,7 1875..
w 6s, 1873
Ham.Co.,Ohio6p.c. onghd-'.
do
do
7 p.c., 1 to5yrs.
Covington & Cin. Bridge
Cin., Ilam. & D., 1st M., 7, 80...
do
do
2d M., 7, ’85...
do
do
8d M.,8,77...
Cin. & Indiana, 1st M., 7
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
8d M., 7, *88..
do To’do dep. bds, 7, ’81-’94.
Dayton & West., 1st M., 7,1905.
do
do
1st M., 6,1905.
Ind., Cin.&Laf.,lst M.,7
do
(L&C) 1st M.,7,1888
June., Cin. & Ina.,lstM.,7,*85.
Little Miami, 1st M., 6,1883...,
Cin, Ham. & Dayton stock..
Alleghany County, 5
Long Dock Bonds
6s, Canal, 1872
do
do
do
do
do
do
do
do
do
do
do
Mortgage.
Jefferson RR, 1st Mort. bonds.!
do 6s,
4o
24*
i
Pittsburg Compromise 4*s....
29*
Am, Dock A Im. Co. 7, ’86
.
Cincinnati 5s
do
6s
do
7-30s
138
86
Philadelphia 6s, old
South Side Railroad bonds
»—
do
do
Boston, H. A Erie, guaranteed
Cedar Falls & Minn., 1st M
Detroit, Monroe A Tol bonds.
Lake Snore Div. bonds
Buffalo A Erie, new bonds
St. L. Jacksonville A Chic, 1st
8s Railroad bonds..
Arkansas 6s, funded
64*
do
7s, L. R. A Ft. S. iss. j 65
do
7s, Memphis & L. R.-
107
107
24
I
Philadelphia.
Pennsylvania 5s, 1877
do
Military Loan 6s, 1871
do
Stock Loan, 6s, ’72-’77
95
do
do
W.D..
do
do
2dM..
New York A N. Haven 6s
70
'.do
do
68,1878
;
do
68,1883
...
do
78,1878..
New York 7s, Bounty, reg
*
do
cou....
i(78, ,do
Cincinnati*
153
«...
do
preferred
Vermont A Canada
Vermont & Massachusetts
§8*
33
101* [North Missoari, 1st Mortgage.
Michigan 6s, 1873
•
94* Rutland
94*
do
do
2d Mort
Tol., Peoria A Warsaw, E, D..
1101
*.
Central Ohio
do
preferred
....
...
do
War Loan
Indiana 6s, War Loan
•
93*
Parkersburg Branch
“
Eastern
69” Col., Chic. A Ind., 1st Mort
7s, Penitentiary....
1886
Kentucky 6s......
Illinois Canal Bonds, 1870
do
6s coupon, ’77
do
do
1879
102*
87
Connecticut A Passumpsic, pf.
do
*
do
lstMort
do
do
i. AM. d
do
do
2d M
Marietta & Cin., 1st Mort
Chic. A Milwankee’lst Mort...
Joliet & Chicago, 1st Mort....
39
bonds
Rhode Island 6s
Alabama 5s
do
8s
•
94
(gold) 6, lfOO
do
do
1st M., 6,1889
West Md, lstM., endorsed, 6, ’90 92
do
1st M., unend., 6. *90..
do
2d M., endorsed, t>, ’90.
133
Baltimore & Ohio stock
150
Concord
Connecticut River
80
.
154*
138* 139
•
do Cons,
Pitts. & Connellsv., 1st M.,7, ’98
,
123*
(Mass.)
136
Fitchburg
Indianapolis, Cin. A Lafayette 5*
54
do
Consolidated.... 90
138*
90* Manchester « Lawrence
112
Northern of New Hampshire..
Dub. & Sioux C., 1st Mort
95* 93
89
Peninsula RR Bonds
90*
Ogdens. A L. Champlain
do
do
90
1C6*
St. L. A Iron Mountain. lst.M. 89*
pref....
105
97* 98
105* Old Colony A Newport
89* Mil. & St. Paul, 1st Mort. 8s...
112
113*
do
do
do
7 3-10 92* 93* Port., Saco & Portsmouth
47
6s, levee bonds
8s
do
....
California 7s
Connecticut 6s
do
War Loan
’83.
Cin., Sandusky A Clev. stock.
100
3d Mort
4th Mort
37*
)
18*
gonth Carolina 6s.........
do
do
new bonds....
do
do
April & Oct..
Missouri 6s
Han. & St. Joseph
do
Louisiana 6s
.
97
96*
>
1807...
do new bonds.
do Special Tax
new
103*
do
1st Mortgage...
do
Income
g*1 Ohio & Miss., 1st Mortgage.... *8* 102*
68
63
7s, new bonds
7fl, endorsed.
do
do
do
do
102*
60* 60*
68* 59* Chic. A Alton Sinking Fund..
•••••y.
Carolina 6s old .........
do Funding Act, 1866
do 1868
do
do
do
do
T
M*
t
80
85
38
new,
do
2d Mort.,7,1891...
Vermont A Can., new, 8...
Vermont A Mass., 1st M.,6,
Boston A Albany stock
Boston A Lowell stock
Boston A Maine
Boston A Providence
Cheshire preferred
90
Cleve. A Pitts., Consol. S. F’d.
do
do
2d Mort
106* 106*
jfa¥e BONDS.
do
89
2d Mort.
3d Mort.
do
do
Bonds, 7,1877.
do
,
7
79*
Verm’t Cen., 1st M., cons.,7, *86 84*
Pitts., Ft. W. & Cliic., 1st M....
•
58.1874,
58.1874. rep.....
1
100* 100*
do
96 | 97*. Rutland,
97*
do
do
2d Mort
do
do
convertible.,
do
do
construction.
Cleve. & Tol. Sinking Fund ..
New Jersey Central, 2d Mort.
do
do
new bds.
110*
do
95*
103
Bid. Ask
STOCKS AND SECURITIES
Boston.
[Morris & Essex, 1st Mort
quoted.)
Bid. Ask.
SECURITIES.
STOCKS AND
!l00*j Old Col. A Newport Bds, 6, *76
100
Chic. R. Island & Pacific
governments.
(Not previously
Bid. Ask.
BECURITIE8.
RAILROAD BONDS.
no*
Gold Coin
American
STOCKB AND
Page are not Repeated here. ’Quotations are made ot the Per
Southern Securities are Quoted In a Separate hist.
,
...
..
...
Savannah 7s, old
do
7s, new...<
...
Memphis old bonds, 6s
do
new bonds, 6s
New Orleans 5s
consol. 6s
do
do
bonds, 7s
do
10s../....
..
i
..
..
,
8*
.
IF
_
8*
....
do
do
-jJ*
2d
M.pref
"
i rdo
,2d-M. inopme..
Chic. & N. Western S.
Fund...
4o
do
Int. Bonds
do
do
Extn. Bds
Extn
Fargo scrip
do
1st M
lstMort..
ol’d7 p.ot.
convertible^..
Htad. A St. Jo.Land
Grants...
V!.H6
do convertible
104
Lack. A Western
Bonds.
Bek, Lack. & Western, 1st M. 101
do
,
'
do
.2dM..
T6L& Wab’h.lst Mort:
ext’d.
; do
2d Mort
•
^
-
do
dou
EquipsBda
Cons.
.v..
Convert.
$reaf Western, 1st M..1868.
do
do
.
r
^
IstM
.
...
Boston.
•.
94* Maine 6s
88* New Hampshire, 6s
?d Mort.
•
do
do
78
Greenville A Col. 7s, guar
do
do
7s, certif.
Northeastern 1st M\ 8s
South Carolina 6s (new)
-
do
do
(new)
Ts
-
..
Vermont 6s
Macon A Western stock
Atlantic A Gulf7s consol
Baltimore 6s of ’75
Massachusetts 6s, Currency... ICO*
do
6s, Gold
do
5s, Gold........
99
Rhode Island 6s
Boston 6s
;
10J*
do
5s, gold
Chicago Sewerage 7s
96’
do f Municipal 7s
83*
Portland 6s
•
,..
96
95
.rllngtjbn &'MO. L. G., 7
101
do
do
3dM.8s..
Va. & Tenn., 1st M. 6s
do
4th Mort. 8s
Charleston & Sav. 6s, guar...
Schuylkill Navlgat’n (consol) 15* 16*
do
do
stock
do
do
•
2*
pref. 32* 33* Georgia, 1st Mort. 7s
20
20* Susquehanna & Tide-Water
do
stock
Central Georgia, 1st Mort. 7s.
Baltimore.
do
do
stock
97* 97* Maryland 68,^70
Macon A Brunswick end. 7s..
do
6s, Defence
•
©shire, 6
Cin., San. & Clev.,lBtM.,7, 77.
Eastern Mass., conv., 6,1874..
Hartford & Erie, 1st M. (old) 7.
do
do
1st M. (new) 7.
.
do
preferred
46
46
BoBtonWater Power
.>■
:
do
Quicksilver preferred
merb an Express .
72*
fells
RAILROADS.
Orange & Alex. Rli 1st M. 6s..
do
1884
do
68.1900...
do
1890, Park 6s
Baltimore A Ohio 6a of *75
do
do
6s ot ’80
do
do • 6a of *85
do
(N. W.Va.) 2d M.0b
do
■
do
8dM.6s
Central Ohio. 1stM.,6.........
Marietta & Cin., 1st m.,7, 1891.
do
do 2d M., 7,1896.
92* 97
.
(Miss. A Tenn., 1st M 7s
East Tenn. A
Georgia 6s
Memphis A Charleston, 1st 7s..
•
Northern Cent., 1st M. (guar) 6
do
do 2d M.r S. F7,6, ’85. 94
do
do 3d M.lS. F.. 6,1900
do
do 3d M. (Y. * C) 6,77
.
do
8s, Interest....
d*
stock....;
N. Orleans AMacks., let M. 8s.
do
do
cert’s,8s.
N. Orleans A Opelons, 1st M. 8a
Miss. Central, 1st M. 7s
do
do
•
100
79
Montgm’y A West. P. 1st M. 8s.
Mobile A Ohio sterling
94*
do
do
do
do
2d 7s.;
" stock.
Memphis A Little R.,lst M...,
8U
THE
760
CHRONICLE.
the State of Teneessee, and this Company continues to run it
underand
the agent of the Receiver, by which
arrangement, and by our lease
of the Memphis A Ohio road, we operate the line from
€t)e Kailroajj ittonitor.
EXPLANATION OF
THE STOCK AND BOND
as
TABLES
1
Prices of the Active Stocks and Bonds are given In the
Bankers’ Gazette” ante-, quotations of other securities will be found on the pre¬
ceding’
page.
2. Bank and Insurance Stocks, mining. Petroleum, City
Railroad and Gas Stocks, and Southern Securities of those
kinds which are least active, are all
the end of “Bankers’ Gazette,” on a
3
The Table of
quoted either regularly
previous page.
Railroad,
the next page,
Canal and
occasionally at
or
Other
Stocks,
comprises all Companies of which the stock is sold in any of the
principal cities (except merely local corporations). The figures just after the name
of the company indicate the No. of the CHRONICLE in which a report ol the Com¬
pany was last published. A star (*) indicates leased roads; in the dividend column
extra; s=stocJc or scrip.
4. The Tables of Railroad, Canal and Other Bonds
occupy in all, four pages, two of which will be published in each number. In
these pages the bonds of Companies which have been consolidated are frequently
given under the name of Consolidated Corporation.
The date given in brackets
immediately alter the name of each Company, indicates the time at which the state¬
on
ment of its finances
was
made.
In the '‘Interest Column” the
abbreviations
are
Louisville to
line. The total length of road now operated by this
Company is 605.3 miles.
3
The railroad bridge over the Ohio River at this
point, in which this
Company i3 a large stockholder, has been completed, and the cars of
the Jeffersonville, Madison A Iadianopolia Railroad
Company are daily
crossing. It is a noble structure, highly creditable to the President
and Directors, to those who initiated the
enterprise, and to the engineer
(Albert Fink).who made the plans and superintended its erection.
Memphis
•
4‘
as
follows : J. & J.= January and July ; P. & A-=February and August; M. & S.=
March and September; A. & O.
April and October; M. & N.=May and Novem¬
ber; J. & D.=June and DecembeiMkQ—J.=Quarterly, beginning with January;
Q.—F.=Quarterly, beginning with February. Q.—M.=Quarterly, beginning with
EARNINGS AND OPERATING EXPEN8ES.
Branches
third Saturday
Locomotive
as
those in the
assets held by
Building—Extensive Establishment.—The lo¬
,
North Broad street, are the largest
comotive works of M. Baird A Co
in this country, or perhaps in the world.
1,900 men are now employed
in the various shops, which occupy the space from Willow street to
for the Fiscal Year Ending June 30,1870.
Gross
Sonrrps
sources.
Net,
an
increase of the net earnings for the last
year over
the
pre¬
vious year of $110,456 57.
We continue to operate
a
31,434 78
220,855 44
$978,6$
91
4,184 60
110,609 91
387 62
48,257 39
$1,142,133 33
593,107 00
$519,0204
-
Total cost of road to June 30, 1870—
Richmond branch
teg
$10,107,776
792,899
Total cost of road
.$10,900,675
RESOURCES.
Due from Trans De *. and
U. S. Government....
Lebanon branch extension.
♦Receiver M., C. and L. R.
76,648
Cumberland
.
2,632,423
2,572
K. Co., since Feb. 17, ’69.
tMemphis division.
$73,3-11
219,907
442,743
......
M. andO. R. R. Co
Shop and fuel stock L. and
N
132,000
R. R
436,214
Shop and fuel stock M. C.
and L. R. R
1,501,663
328,500
80,010
26,967
68,214
Shop and fuel stock M. & O.
Cash, Louisville
Memphis
“
69,640
5,618
“
New York
40,234
67,080
$7,411,745
'
<
$18,312,431
26,600
♦Only part of th
■ May receipts, and none of the June, has been credited.
tApril, May, and June receipts have not been credited.
LIABILITIES.
Capital stock
$8,680,912 First mortgage bonds,Mem¬
Bills p lyable
102,903
phis branch
Due sundry persons on acc’t
17,020 First mortgage b’ds, Bardstown branch
C.iflfe, Receiver, slock acc’t
20,285 j
Due bills and pay rolls for
Louisville bonds to Lebanon
June
Due back interest
It remains in the hauda of
Net
Earnings.
COST, RESOURCES, AND LIABILITIES.
Statement showing cost, resources, and liabilities of main stem and bran
exclusive of Lebanon branch extension.
under lease the Memphis & Ohio Railroad, Dividends np to Jan., 1870,
leading from Memphis to Paris, Tcnn. This road is in good condition,
uncalled for
and its traffic is gradually increasing, as you will see by referring to the July, 1870, dividend, due
General Superintendent’s report fir the results of the year’s operations.
August 1
Consolidated mortgage....
There has been no change in the situation of the Memphis, Clarks¬ First
mortgage bonds, main
ville A Louisville Railroad.
33,822 40
269,112 83
earnings
..•••••
showing
Operating
Expenses.
$1,362,250 71
22,174 48
173,810 06
Total
$2,954,658 80
$1,812,525 47
Deduct expenditures on account of purchase of rolling stock,
lands, etc
....;
more
Louisville Sc Nashville Railroad.—Report for the Fiscal
Yxar Ending June 80, 1870.—The gross earnings for the past fiscal
year were $2,954,658 80, against $2,881,138 66 in 1869, an increase
of $678,520 25 gross earnings.
The net earnings for the year ending
June 30, 1870, were $1,142,133 88, against $1,031,676 76 in 1869,
'
26.358 98
284,419 97
Memphis Branch Earnings....
Gap survey...
Spring Garden, and from Broad to Fifteenth streets. Rather Bills receivable consolidat¬
than one locomotive is completed and sent out for every working
ed mort. bonds on hand..
day in the year, to supply the wants of railroads in every part of the Sundry railroad and State
United States and portions of Europe.
Tdree locomotives, one nearly Louisville
Bridge Company
completed, are intended for the Don Pedro Railroad, in Brazil Each
stock,...........
of them weighs 90,000 pounds, being the heaviest locomotives yet con¬ Bank and railroad stock...
structed.
They are to be used as freight engines, and on a road with Real estate, timber, and
quarry land
heavy mountain grades. This firm are also constructing small mining Due by sundry railroads,&c.
locomotives, that weigh but 14,000 pounds, and are to be used in place M. C. and L. R. R. Co*, old
account prior to Feb. 17,
of mule power, in hauling coal from the head of "dries.
They are five
1863
feet high and five feet broad.—Philadelphia Ledger.
near
Earnings.
$2,340,944 62
Main Stem Earnings
Bards!own Branch Earnings
Knoxville Branch Earnings
Richmor d Branch Earnings
5. The Table of United States and State Securities will be
on the
of each month.
The abbreviations used iu this table are the same
tables of railroad bonds mentioned above.
The Sinking Fnnd or
eaoh city are given on the same line with the name.
as one
Condensed Statement of Earnings and Operating Expenses on Main Strnani
March.
published monthly, on the last Saturday of the month.
6. The Table Of City Bonds will be published
[December 10,1870.’
Receiver of
stem....
...
266,942
19,625
branch
Louisville bonds to
stem
197,000
1,000
225,000
main
849,006
51,518
$8,057,000
847,236
5.500,000
Profit and loss account.
749,976
.
$18,312,421
1,285,000
MONTHLY EARNINGS OF PRINCIPAL RAILROADS.
r—Central Pacific
1869.
-Chicago and Alton.
»
1868
1870.
(360 rn.)
212,604
(742 m.)
831,568
313,325
386,888
621,<’36
632,025
f 729,274
| 783,099
218,982
391,308
485,048
f 668,270
556,080
‘.582,657
S 511,854
g
806,040
833,412
(280 m.)
$276,116
275,139
267,094
279,121
303,342
315,098
388,726
328,390
345,832
402,854
351,044
493,231
506,623
468,213
A404.012
g 558,100
£
*
804,800
S 603.745
I 535 366
I
761,600
V409,568
«579,642
(410,000
*486,196
(
5,749,595
1868.
1869.
862 m.) (862 m.)
536,165
444,443
518,800
(974 rn.)
524,693
572,551
640,974
626,248
778.260
549,714
696,228
841,363
979,400
709,644
568.282
914,406P 862,171
814,413® 841,990
696,677^
—--Ohio k Mississippi
388,861
1870.
1869.
(840 m.) (340 m.)
$180,366 $196,787
218,234
216,080
221,459
253,065
214,409
270,938
218,639 f 246,266
223,236
249,987
192,864 - 211,219
275,220 S 800,971
292,808 §818,957
828,044 1.855,187
298,027 1 816,054
254,896
Jan...
.Feb...
.I?Iar...
.
.fflay..
■
Y 483,658
432,492
Oct
.Nov
...
..
.Bee...
850,192
.
.
.
.
.
.
.
.
(25 \ m.)
90,177
98,275
101,379
106,246
$99,541
l
81,599
98,482
108,461
95,416
95,924
108,413
126,556
121,519
125,065
119,169
121,408
90,298
104,585
106,641
109,752
116,198
129,096
142,014
135,376
129,306
110,837
^-Pacific of Mo.->
1870.
1869.
(355
m
)
..Jan..
...Feb..
...Mar..
$194,112
207,302
289.272
278,246
264.273
249,349
184,411
262,515
350,613
329,243
998,708
236,108
..April.
110,213 ...may..
111,117 ..June.
J nly..
111,127
118,407 ...Aug .
182,998 ...Sep...
.
153,531 ...Oct...
144,023 ...Nov..
...Bee...
.Year...
1,037,973
1,805,672
1,871,780
1,140,145
845,708
(284 m.)
$343,890
304,115
326,880
415,758
369,625
325,501
821,013
392,942
466,974
611,820
410,825
390,671
4,570,014
1869.
1868.
1868.
1870.
(210 m.)
$127,594
13,355,461
..—Milwaukee & St.
1869.
1868.
Paul.-*
1870.
(820 m.) (825 m.)
(936 m.)
(284 m.) (284 in.)
$384,119
337,992
$369,228 $451,130. $896,171
329,127
321,202
330,233
382,823
320,636
380,430
420,774
886,527
333,507
377,000
412,030
443,133
411,814
436,412
460,287
406,283
630,844
7130,700
403,646
665,718
863,187
755,737
458,190
678,800
366,623
636,434
329,950
326,891
423,397
586,342
661,026
378, SS0
525,363
353,569
522,683
467,990
808,318
724,514
473,546
1024,045
490.772
511,477 § 1037,463 1,039,811
908,313
453,873 S 556,917
448,419
801,163
791,014
®
874,542
468,879
496,550
,
4,749,163
..6,617,646
(210 m.)
$132,622
127,817
175,950
171,868
157,897
(222 m.)
$152,392
158,788
172,216
172,847
155,096
150,719
(621 m.)
$278,712
(521 m.)
$284,192
26.'. 136
167,805
175,468
4f 4,208
240,394
342,704
311,832
312,529
348,890
810,800
450,246
.
.April..
may.,-
130,545
.
.June..
.July...
140,408
143,986
154,132
.
204,596
186,883
196,486
210,473
174,500
202,238
204,552
189,3*
168,5m
.
.
.
.Aug....
.Sep.....
.Oct
.Nov....
.Bee....
157,376
-toed
1870.
.
.
101*0
144,164
1868.
257,799
286,825
26u.52£
296.344
288,883
41/0,203
429,898
823,279
399,488
~Year..
923,863
2,014,543
201,600
218,600
244,161
246,046
260,169
274,021
249,855
319,012
817,887
339,289
319,573
-North
1869.
Missouri.-
(404 in.)
$119,721
94,927
136,263
149,1t4
139,000
150,416
(404 «.
$a*,fli
106,20!
239,161
269,400
259,000
160.149
155,586
231,662
'248,838
*,25'\668
1869.
133,392
149,165
155,388
(390 m.)
3,128,177
5,960,936
4,797,461
1869
Jan..«
.Feb....
.mar....
.
.
1870.
1869.
(1,157m.) (454 m.) (520-90 m.) (590 m.) (390 m.)
$351,767 $401,275 $204,112
$706,024 $308,587
753,782
297,464
449,654 180,840
319,441
500,393 239,622
858,359
645,789
276,431
388,385
443,5300 247,661
929,077
301,952
507,900 241.456
316,708
449,932
1,177,897
629,512 259.408
1,154,529
(523,841
878,436
462,400 253,367
1,080,946
341,885
Jv455,606
556,100 339,610
1,246,213
668,380
g 632,652
1,275,171 ^558,386
697,600 825,854
736,664
306,764
1,371,780 »591,209 8 584,155
g
273,305
g 424,589 Y479,236
(393,468
e 433,434
256,272
1869.
470,720
422,368
323,378
484y288
—
/b «r*r»
1870.
St. L. Alton * T. Hante.-M-Toledo. Wab. & Western.
w
IronMt
(355 m.) (210 m.)
$202,447 $102,760
93,160
267,867
294,874 113,894
289,550
104,019
283,000 115,175
263,828
116,242
260,449 107,524
843,194 129,000
856,677
124,124
841,878
127,069
824,659 121,791
1,157,056
1870.
Michigan Central.
1870.
1868
1,391,345
117,695
o
13,429,534
1870.
(251 m.)
(251 m.)
$92,433
(1,157m.)
$892,092
830,286
1,142,165
1,112,190
1,268,414
1,251,950
1,094,597
1.211,149
1,180,932
1,076,673
1,251,940
1,507,479
1,570,066
1,107,083
1,001,986
.
.Year..
1869
1868.
1869.
(1 152 m.)
$724,890
807,478
.
April,
■
X 411,986 .June.
July..
g 421,485
*
501,049 .Aug..
498,635 .Sept..
1,294,095
663,391
644,374
697,571
695,253
759,214
645,768
861,367
870,584
,817,6208,823,482
311,978
331,351
965,906
352,149
304,619
317,083
194,455
387,557
807,122
288,829
374,686
395,044
1868.
-Marietta and Cincinnati
1870.
$587,442 $659,137 $654,587
1868.
(840 m.)
344,366
f 334,653
4,508,642 4,681,662
—minds Central.
763,779
889,966
901,630
699,532
681,040
,
323,825
397,515
840,350
1361,700
.—Chicago* Northwestern—> <-ChiC‘>Bock Is.and Pacific ->r-Clev. Col. Cin. 61
1870.
(431 m.)
$293,978
$343,181
f 384,564
g 6-9,788
f
1869.
(431 m.)
4,013,300 4,359**
Horjt
1870.
(521 m.)
275,000
293,645
295,298
318,699
340,892
848,632
822,756
466,431
508,042
451,293
425,687
f—Union Pacific-"
1869,
(1053 m.)
187®.
(1088 m
1628,51
500,18
639,g
680,97
691,420
706,602
628,659
617,585
758,467
999,665
837,388
716.828
803,580
746.450
643.451
December
10,1870.]
THE CHRONICLE.
761
H,0.
RAILROAD, CANAL, AND MISCELLANEOUS STOCK LIST.
Subscriber* will confer a great flavor by giving us Immediate notice
COMPANIES.
DIVIDEND.
Stock
COMPANIES.
Out-
stand,
gee
Last
Periods.
ing.
50
..100
Valley, No. 251
..
iffi * St LaJrence-No. Sffl.iu;
Atlanta and West Point. No. 2<9..1
225.10C
and*250 *
Baltimore and Ohio, No 250
Augusta
Washington
For a full
J)
*
100
inu
100
50
Branch
Parkersburg Branch
fct, Hertford &' Eric No. 247.100
ga Sdd M.S’NO0,™7::"::«*.
aToNewTo^ean„Cde'ENrle-24”|
and Missouri BWer .100
2.241.250 Jan. & July.
3.691.200
2.494.900 Mar. & Sep.
1.232.200 Jan. & July.
733.700
16,267,862
1,650,000
7,239,539
600,000
19,411,600
800,000
25,000,000
2,215,000
4,471,000
3,360,(XX)
950,000
Burlington
Camden n»d Amboy No M).. MOO
do do scrip of joint Co. s by * o
5,000,000
June & Dec.
April & Oct.
April A Oct.
Quarterly.
Jan. A
July.
May A Nov.
Jan. & July.
Jan. & July
Jan. A July
June A Dec
1.252.500
c4denandAtIm.tio.iNo.fe,d....70
|
oSKk* no.' as:
937,850
Feb. A Aug.
377,100
731,200
721,9*26 Jan. A July.
..{.100
400,000 June A Dec
48,378,740
— ••••••
••
Central Pacific
Charlotte, Col. & Aug., No. 257. —
Cheshire, preferred.
100 2,085,925 Jan. A July.
Chi< 3ago and AI ton. N o. 248. ....100 7,045,000 Mar. & Sept
do
do preferred....100 2.425.400 Mar. & Sept
Chi©., Burling. & Quincy. No.268.100 16,590,000 Mar- A Sept
Chicago, Iowa and Nebraska
100 1,000,000 Jan. A July.
Chic.ago and Northwest. No. 2 <3.10t» 14,676,629 June A Dec.
do
do
pref,...100 20,370,293 June A Dec.
Chic.#Rock Is.APac. No.263... 1001 16,000,000 April A Oct.
Cln..flamllton A DaytonNo.268.100 3,500,000 April & Oct.
382,600
Cin., Elchin. A fchicago*No.263 . 50
CInCin.,Sand.&Clev.,No. 278 50 2.967.800
do
do
do pref. 50
428,646 May A Nov
Cincinnati & Zanesville, No. 246 50
1,676,345
10.460.900 Feb. & Aug
Clev.,Col.,Cin. & Ind. No. 253. .100
Cleyelatid A Mahoning,* No. 247. 50 2,056,750 May & Nov,
Cleveland and Pittsburg. No. 255 50 7,241,475 Quarterly.
Colum.,(!hic. A In. Cen.*No. 247.100 11,100,000 Quarterly.
Columbus and Xenia*
50 1.786.800
Quarterly.
Concord.,
50 1,500,000 May & Nov
100
Concord and Portsmouth
350,000 Jan. & July
Conn& Passnmpsic, pf. No. 281..100 2,084,200 Feb. A Aug
Connecticut River, No. 247
100
1,700,000 Jan. A July
Cumberland Valley, No. 255
50
1.316.900 April & Oct
2,400,000
Dayton and Michigan* No. 263.. 50
50
Delaware*
1,107,291 Jan. A July
Delaware, Lack. & West. No. 255. 50 16,277,500 Jan. & July,
Detroit and Milwaukee, No. 249 50
452.350
do
do
pref.... 50 2,095,000 December
Dubuque and Sioux City*
100 2.142.250 Jan. A July
do
do
pref... 100 1,988,170 Jan. A July,
Eastern (Mass.), No. 247
100
4,033,000 Jan. A July
East Pennsylvania, No. 255
50
1.309.200 Jan. A July,
EastTenn. Va. & Geor, No. 284.100 3,192,000
Elmira & Williamsport,* No. 255. 50
500,000 May & Nov,
do
do
pref.. 50
500,000 Jan. A July,
Erie. No. 252
100 70,000,000 Feb. &
Aug,
do preferred
100 8.536.900
Erie and Pittsburg, No. 255
50
999,750
Fitchburg. No. 24».
100
3,540,000 Jan. A July.
Georgia. No. 259
100
4,156,000 Jan. A July.
Hannibal and St. Joseph No. 241100 3,000,000
do
do
pref.. ..100 5,000,000
Hartford A N. Haven, No. 225... 100 8,300,000
Quarterly.
do
do
8crip....l90 3,000,000
Housatonic, preferred
100
2.000,000 Jan. A July
Huntingdon and Broad Top*.... 50
615.950
do
do pref. 50
212.350 Jan. A July.
Illinois Central. No. 248.. .....100
25,273,800 Feb. A Aug.
Indianapolis, Cin. & Lafayette.. 50 6,185,897 Mar. A Sent.
Jeffersonville, Mad. A In.,No.227100 2,500,000 Jan. A Julv.
Kansas Pacific
5,072,500
Lackawanna and Blooxnsburg.. 50
LakeSho.A Mich. South. No. 255.100 1,335.000 Feb
.& Aug.
35,000,000
Lehigh and Susquehanna
50
8.739.800 May & Nov.
Lehigh Valley, No. 255
50 17,716,400 -Quarterly.
Little Miami, No. 247
50
3.572.400 Quarterly.
Little Schuylkill.* No. 255
50
2.646.100 Jan. & July.
Long Island, No. 252
50
Loufav., Cin. & Lex., prf No. 276 JO 3,000,000 Jan. &
848.700
July.
do
common.
50
1,623,482 Jan. & July.
Lou sville and Nashville
No. 284100
8.681.500 Feb. A Aug.
Louisville, New Alb. & Chicago. 00 2,800,000
Macon and Western
,............100 2,500,000 Jan. & July.
Maine Central
PAR
Old Colony & Newport Wo.
7. ion
Orange, Alexan. & Manass
100
Oswego and Syracuse,* No. 252 50
Sept ,’70
July,
June,
Oct.,
Oct.,
.
’70
’70
’70
’70
Pacific (oi Missouri) No. 256
.,
„„
ioo
No.‘250* 150
2d pref.. 150
common
do
Manchester &
^awrence, No.247.100
1.611.500
8,130,719 Mar. & Sept.
4,460,368 Mar. & Sept.
2,029,778
1,000,000 May
Memphis and Charleston. No.278.2ft 5,312,725 June& Nov.
A Dec.
Michigan Central. No. 267
100 13,225,848 Jan. A
July.
Milwaukee and St. Paul. No. 25S100
7.665.104 Jan. & July.
9,744,268
January.
M*
3.856.450 Jan. & July.
Sc5
Mlssissinpi Central*
ioo
2,948,785
Mobile AMontg.pret
No. 283..,.
1.738.700
Mobile and Ohio, No. 259
100
4,269,820
.
Philadelphia
July!‘"TO
IInveu*?J,of2K5‘.150
S ^omery and West Point.. !l00
,3ex’* No* 250
^Lowell, No, 247
50
100
Cl;™£haxTtano°sa No. 220.100
5?^|tQ.ck- No. 195
100
S2Jnfd*£ Taunton, No. 247... 100
?o»?av‘ * No.
New Jersey, Novtharap., No. 247.100
250....
d°
»a„
.
scrip..
100
*■.****'...
Nvttlf!?rt,hern No. 243.. 100
».tent.& Hudson
R..No.252.100
■
do,
ew Vn,i, and
York
Utxr
rrt,.i,
Hv
jl vt
rT
certificates..100
Harlem. No.
do Pref.
197 50
50
& New Haven,N<^256.100
NorfolkTnri pn(i Boat°n NO.229.100
dn k and Petersburg, pref.. .100
a°
do
§?ar- -1(X)
CaroI,na- No°267?.r maryio6
ISSSJ °nfN-H’mnshire.N6:257100
SortheLst0AntnaL
50
do
(S* Carolina). No. 201
North
..
iorfhPli890uri- no.°259?!'.c*' preli66
1.644.104
7.880.100
June A Dec.
Jan. A July.
720,000 May & Nov.
2,056,544
1.818.900 Feb. A Aug.
500,000 Jan. A July.
1,500,000 Jan. A July.
6,250,000 Feb. A Aug.
493,900
1,003,500 Jan*. & July.
45,000,000 April & Oct.
44,600,000 April & Oct.
6,500,000 Jan. A July.
1,500,000 Jan. A July.
9,000,000 Jan. A July.
2,000,000 Jan. & July.
300.500
137.500 Jan. A July.
1,361,300
4,000,000
3,068,400 June & Dec.
5,000.000 May & Nov.
de
* L‘ ChamP* NoJ275.... 100
and
Mississippi.
No.
I^?fll00
A
Jan. A
,
.
Aug., ’70
Providence & Worces., No. 247..100
Rensselaer & Saratoga, No. 252 .100
Richmond and Danville No. 235.100
Richmond & Petersburg No.285.100
Rome, Watert. & Ogd., No. 245. .100
100
Rutland, No. 248
do
preferred
100
St. Louis, Alton & Terre Hante.100
July,* ’70
May, ’70
3*
Feb .*,’70
June,
July,
Dec.,
Dec.,
’70
’70
’70
’70
do
do
do pref.100
St. I ouis & Iron Mountain
St. Louis, Jacksonv. & Chicago*.100
Sandusky, Mansfl’d & Newark*.100
Schuylkill Valley,* No. 255
50
Shamokin Valley & Pottsville* 50
Shore Line Railway
100
.
July, '70
Sept., 70
Sept, *70
Mar., *70
July, *70
Dec., !70
Dec., *70
Oct., *70
Oct., ’70
South Carolina No. 243
South Side (P. & L.)
South West. Georgia.*
Aug., ’70
Oct., ’67
Dec., ’70
Nov., ’70
’70
’69
’70
’70
’70
’70
July, ’70
Nov.; ho
July, ’70
Feb., ’66
ho
Coal.—American
Ashburton
Aug., ’70
A July.
869,450 Feb. A Aug.
635,200 Jan. A July.
5,819,275
1,865,600
3,939,900 Feb. A Aug.
1,314,180
July, **70
Nov., "TO
'"2k
July, *70
Dec., ’70
Aug., *70
”4*
5
5
5
5
4
OCf., "70
July, ’70
Oct.",*
Jan.
*70
"70
3
,
April,"70
June, "TO
July, ’70
Oct., "TO
3
3
(g’d)
5
3*
’
*5
July, *70
Feb.
'"sk
’«9
May, ’68
July*,
7
.
"2k
"70
Aug., "70
Jan., *70
8
5
”4*
Aug., *70
July, *70
6
Jan., *70
ii-3*
*
‘3)1
May, "70
July, ”70
June, "70
Jan., *69
“j*
Jan., ’64
Aug.. 70
July, *70
4
5
Dec., *70
3
Aug.,' *’70
*4
Aug.,
Aug.,
May,
July,
4
2
’70
*70
’67
’70
Feb., ’70
*5*
Feb., ’67
Feb., ’67
“6*
J an., ’65
*5
4
6
July, ’69
3,200,000
Nov*.,’
50
10
100
100
25
20
50
Jersey City and Hoboken... 20
50
Metropolitan
100
Williamsburg
50
50
Improvement—Canton
16W
100
Boston Water Power
Brunswick City
Telegraph—West. Union. No. 277.100
•
acifle & Atlantic
Amer. Merchants’ Union
United States
100
100
Wells, Fargo A Co
100
Steamship.—Atlantic Mail
100
Pacific Mail, No. 257
100
Trust.—Farmers’ Loan & Trust. 25
National Trust
100
New York Life and Trust.. .100
Union Trust
100
United States Trust
100
Nov.,* *70
June,’69
July- *70
Feb., ’70
Feb., *70
July, *70
Mining.—Mariposa Gold
100
Mariposa Gold, pref
Dec., ’67
July, ’70
Nov., ’70
do
do
Quicksilver
do
Feb.*,* ho
10,250,000
500,000
Quarterly.
1,250,000 Jan. A July.
1,000,000
3,400,000 May A Nov,
1,250,000 Feb. A Aug.
2,000.000 Feb. A Aug.
1,200.000 Jan. A July.
1,000,000 Feb. A Aug.
386,000 Jan. A July.
4,000.000 Jan. A July.
2,800,000
1,000,000 May A Nov.
750,000 Jan. A July.
731,250
4,000,000
41,068,i(K)
25
3.000.000
100 10,000,000
Express.—Adams
Sept., ’66
Sept.,’66
Dec., ’69
The
S5cts.
100
Trust, certif.
..
preferred
100
common
100
18,000,000
6,000,000
5,000,000
5*
*5*
70
JaD., ’70
Nov.,’69
Aug., ’66
Aug., ’70
Jan., ’70
Aug., *70
July, *70
July, ’70
6
‘*5*
“5'
5
S
5
•
Nov., *70
July, "70
6
5
July, ’66
Jan. A
July.
Quarterly.
Quarterly.
Jan. A July.
Quarterly.
quproeatvigoiusnly.
hfoptwrhuiceienlead
5
5
3
3
*
New York
Aug., ’70
Feb., ’70
July, ’70
....
**2*
Jan., ’70
2*
2 ‘
3
Dec’.,
’70
July, ’70
Nov., ’69
2M
*
4,000,000 Quarterly.
20,000,000 Quarterly.
1,000,000 Jan. A July.
1,000,000 Jan. A July.
1,000,000 Feb. A Aug.
1,000,000 Jan. A July.
1,500,000 Jan. A July.
2,836,600
8,693,400
2,324,000 Jan. A July.
4,300,000
5,700,000
2k
Dec., ’67
Sept.,*69
Dec., ’70
Dec., ’70
Feb., ’70
July, ’70
July, ’70
3
5
4
10
5
5
•
....
•
•
• • •
•
•
•v
^
N. Y. & BROOKLYN CITY PASSENGER RAILROADS
July, ’70
Prices by C. Otis, Broker in Local Securities, 47 Exch. Place
Aug*.,* ho
July,* ho
NAME OF ROAD.
Oct., ’70
Oct., ’70
Dec., *70
Dec., ’70
Bleecker street and Fulton
par
Ferry.
Broadway (Brooklyn)
Broadway and Seventh Avenue
Brooklyn City
Brooklyn City and Newtown......
Brooklyn, Prospect Park & Flatb.
stock.
IOO
*’70
April *’70
Dec., ’70
Nov., *70
55.
Van
BroatBtraftK^rso&iYft)
z
\
See 2 pages previou*
900,000
100
200,000
100 2,100,000
100
$ 100 1,500,000
400,000
100
254.600
100
144.600
Brooklyn and Rockaway Beach...
Bushwlck (Brooklyn)
100
262,200
Central Park, North A East Rivers
100 1,065,200
100
Coney Island (Brooklyn)
500,0(H)
Dry Dock, East B’dway A Battery .Xi 100 1,200.000
100 1,000,000
Eighth Avenue
100
Forty-second St. A Grand St. Ferry
748,000
Grand Street A Newtown (B’klyn)
100
170,000
Hudson Avenue (Brooklyn)
100
106.700
100
Metropol tan (Brooklyn)
194,000
Ninth Avenue
100 797,320
Second Avenue
100 881.700
Sixth Avenue
750,000
Third Avenue
1J70.000
..
July, ’70
July, ’70
Qtu, no
2,478,750
905,222
576,050 Jan.
*4*
2,000.000 Jan. A July.
Manhattan
July, *i0
Aug.,’66
July, ’70
Dec.*,’*70
10,000.000
3
Aug., *70
Mar., *70
Harlem
•
Oct., ’70
Dec., ’70
3,810,705 June & Dec,
2,000,000 Jan. A T’i!y.
3,000,000 Apr?
0?t.
4,000,000
847.100
3,000,000 Jan. A July.
3.000,000
1.831.400 Feb. A Aug.
2,300,000
2,040,000 Annually.
Rate.
July, *T0
1(K)
100
Spring Mountain
Spruce Hill
Wilkesbarre,
Wyoming Valley
Oas— Brooklyn
Citizens (Brooklyn)
May, ’67
Juy, ’70
Jan. A July.
2,488,757
482.400 Feb. A Aug.
3,711,116
7,000,000 Jan. A July.
33,493,812 May A Nov.
6,004,200 Jan. A July.
2,400,000 Jan. A July.
29,023,100 Jan. & July.
1,099,120 Feb. A Aug.
1,597,250 April A Oct.
9.520.850 Jan. A July.
1,793,920
2,423,000
1,500,000 Mar. A Sept.
2,500,000
500,000 June A Dec.
Consolidation Md
Cumberland Coal & Iron.... 100
Pennsylvania
50
’70
Feb., *70
Aug., *70
4.9'13.4‘.T
25
50
25
Butler
Cameron
Central
*70
*70
Jan., ’68
Aug., ’70
Sept.,’67
Jan., ’66
July,
Last paid.
IRiscellaneons.
’70
*70
’70
’70
Oct., *70
4.359.450 Quarterly.
100
Tables.
Date.
..
July, ’70
Aug. *70
July, .0
Oct., ’70
Dec.,
July,
July,
Aug.,
Aug.,
Oct.,
Oct.,
July,
Periods.
..
Nov., ’70
Nov., ’70
Dec.,
Dec.,
Dec.,
July,
July,
ing.
No. 220..100
Syracuse, Bingh & N. Y, No.252.100
Terre Haute and Indianapolis
50 1,988.150 Jan. A
July.
Toledo, Peoria & Warsaw
100
2,700,000
do
do
E. D., 1st pref.100
1,700,000
do
do
W. D.,2d pref.100
1,000,000
Toledo, Wabash & West.No.255.100 14,700,000
do
do
do pref.100
1,000,000 May A Nov.
Union Pacific
Utica and Black River, No. 252..100 33,762,100
1,666,000 Jan. A July.
Vermont and Canada*
100
2,500,000 June A Dec.
Vermont & Massachu., No. 247. .100
2,860,000 Jan. A July.
Virginia and Tennessee
100
2.950.800
ao
do
pref.
100
555,500 Jan. A Jnly.
Western (N. Carolina)
100
2,227,000 Jan. A July.
West Jersey, No. 250
50
1.209.0(H) Feb. A a ug.
Worcester and Nashua, No. 247.100
1,550,000 Jan. A July.
€anal.
Chesapeake and Delaware
50
1,983,563 June A Dec.
Chesapeake and Ohio
25
8,229,594
Delaware Division*
50
1,638,350 Feb. A Aug.
Delaware and Hudson
100 15,000,000 Feb. A Aug.
Delaware and Raritan
100
4.999.400 Feb. A Aug.
Lehigh Coal and Nav.,No. 256.. 50 8.739.800 May A Nov*
Monongahela Navigation Co.... 50
728,UK) Jan. A July.
Morris (consolidated) No. 254...11K)
1,025,000 Feb. A Aug.
do
100 1,175,000 Feb. A Aug.
preferred
Pennsylvania
50 4,300,000
Schuylkill Navlgat’n (consol.)*. 50 1,908,207 Feb. A Aug.
do
50 2.888,977 Feb. A Aug.
pref.
Susquehanna & Ti U -Water
50
2,002,746
Union, preferred
50 2.907.850
West Branch andSLa^miehanna. 50
1,100,000 Jan. A July.
Nov., ’70
July,'
30
onr
DIVIDEND.
Out¬
stand¬
50
50
50
50
do
do
do
prel. fO
0
Pitts., Ft.W.AC.guar*. No. 249.100 t9,665,000
Quarterly.
Portland & Kennebec, No. 253* .100
581.100 Jan. A Jnlv.
do
Yarmouth stock certiflclOO
202.400 April & Oct.
Portland, Saco & Ports No. 276.100 I,500,000 June A Dec.
July **70
July, ’70
July, ’70
June, *70
July.
3,051.800
July.
2,000,000 April & Oct.
19,944,547
pref
Phlla.,Ger.& Norris.,* No.255...
Philadel., Wllming. A Baltimore
Pittsb. A Connellsvllle, No. 255..
Pittsb., Cin. & St. Louis,No.255
7.771.500
2.363.700 Jan.
do
50
50
.
Philadelphia and Read. No. 242. 50
Philadel., A Trenton,* No. 255.. .100
July, ’70
May, ’70
898.950
155,000 May & Nov.
3,150,000
100
50
and Erie,* No. 255
do
..
.
100
Panama, No. 275
Pennsylvania No. 244
.
do
explanation of this table,
on the pre¬
Railway Monitor,
ceding page.
see
Rate.
380.500
1.159.500
u
do
preferred
-•
50 2,200,000 May A Nov.
5,432,000
Ce dar Rapids and Missouri*
May & Nov.
Cer'it.Georgia& Bank. Co-No^.243100 4.666.800 June A Dec,
15,000,000 Jan. A July
Central of New Jersey, No. idh.lOO
Central Ohio..........
50 2,425,000 June & Dec
Marietta A Cin., 1st prf.
do
Stock
PAR
Railroads.
Allegheny
paid.
Date.
ceding page
of any error discovered in
MO^
LAST DIVIDENDS PAID.
June, 1870.
juiy; 1876;
,May ’70, quarterly.......
May ’70,8esiiNin’l
July. *78, quarterly
May TO, semi-an l
May 70 quarterly
5.
.....
[Beoemta 16,18Tfc
agfc.
The
articles of commerce from the port of Ne*
Voik since January. 1, 1870, to all the principal foreign countriei,tod
also the trtal expo. t of the same articles for the last week an4-line#
exports of leading
tv
EPITOME.
COMMERCIAL
Fkiday, p. m., December 10.
characterized by such important
of Congress, the closing of inland
navigation throughout the Northern States, and a desperate
effort by the French to raise the seige of Paris; but with the
year drawing to a close, when a holiday season comes in, and
cable advices from Europe more or less interrupted, exciting
influences have had little effect, although the volume of busi¬
The past week has been
events as the re-assembling
erally
g
January 1.
has been very
considerable.
Cotton, although taken freely for export, closes easier under
heavy receipts, at 15^-c for low -middling. Flour, at some
advance, closes weak; good lines shipping extra state $5.90
@6. Wheat is higher, but closes dull and unsettled; No.
2 Spring $1.38@L.39 ; Red and Amber Winter $1.40@1.47.
Corn in demand and firm at 77@SOc. for new mixed Western.
Oats sold at 6l£@62c. for good cargoes. Groceries are
ness
Article* from NewtoirSrfollowing table,compiled from Custom House returns,aho*
Export# of Leading
Commercial ® i m e 0.
5 S
^
*->
h
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dull
our
report last week
gs
for export.
were
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Calcutta Linseed at $2 07£. gold, 60
Petroleum has been rather quiet,
and reported closer at
23c. on toe spot, and 22fc. hr early delivery ; but we notice
a
large movement in Naptha, mainly at 8£c., but closing firm
fair movement at about steady
pric'S. Rosin closed quiet at $2 00@$2 10 for common to
good steamed ; but we notice a speculative movement in Tar
to the extent of 11,000 bids, Wilmington at or about $2 30.
Oils have lend
a
Spirits Turpenrine also sold freely, about 700 bbls. having
changed hands in the past forty-eight hours, at 47c,
Whiskey has continued comparatively bearce, and has
advanced to 92c.
Hops have had a good-sale at full prices.
Hay is dull and drooping. Fruits and Fish have been slow
of sale and prices weak. Clover Seed is in large supply, and
the export demand less eager, closing at 11^-c. per lb.
Hides have ruled firm at 25@26c. gold for Dry Rio Grande
and Buenos Ayres, but the demand for leather is checked by
a strike of the Crispins.
Tallow has ruled dull at 8i@9c.
Wool shows a general improvement in the demand, but
more especially in the fine grades of fleece, and it is believed
that stocks generally are light.
Freights have not been active, except in the shipment of
cotton, for which rates to Liverpool have advanced to 5 10d.
@f J. by sail, and 9 I6d.@£d. by steam. Wheat was la«t
shipped at 8£ J. by steam and 7d. by sail. The late ship¬
ments of provisions embraced 1,400 tcs. beef at 7s. 6d., and
1,000 bbls. pork at 5s., both by steam. The engagements of
grain to other British ports have been liberal at full rates.
Petroleum charters have not been active.
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Jute Butts at 3£e. gold, and towards the close, 20,000 bags
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factories lGf; butter continues dull.
In East India goods there has been a more
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for= new prime Mess.
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being $20@$20 25 for new Mess Pork, $21 for prime Mess,
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12f@12£o. for prime Lard on the spot, and for early delivery,
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Prices have
tobacco is quiet.
The export demand
9c.
.
without
bales II cut Yara at about $1
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general business, and prices are
nominally, unchanged ; the sales embrace 500 cases Con¬
necticut wrappers in the past fortnight, in lots, to manu¬
facturers at 45@75c., and 1,000 cases Ohio to arrive from
Germany,on private terms. Spanish Tobacco has sold to the
extent of 800 bales, Havana in lots at 85@1 05c.; and 50
continues
.© 10 © © ©
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The sales of Kentucky the past
1,250 hhds., of which 500 hhds. last week
up
hhds. this week
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generally favored buyers, but most decidedly in the medium
grades ranging from 6|@8£c for lugs, and low leaf with a few
lugs at 6@6lc., and 9@12c. for medium to prime leaf. Seed
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Tobacco
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December id,
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ii
CHRONICLE.
■■■—_■■
Imports of Leading Articles.
From the
foregoing statement it will be seen that, compared
corresponding week of last season, there is an increase in
t
the exports this week of 44,174 bales, while the stocks
fthe last week, since /an. 1,1870, and for the corresponding period
to-night are
farthelaat
123,113 bales more than they were at this time a year ago. The
in 1869:
[ffce quantity is given in packages when not otherwise specified. ]
following is our usual table showing the movement of cotton at
Same
Since
For
Since
all the ports from Sept. 1 to Dec. 2, the latest mail dates. We
For
Same
lime
Jan. 1,
the
the
time
Jan.l,
1869.
do not include our telegrams to-night, as we cannot insure
1870.
week.
1870.
week.
1869.
the
Metals, &c—
accuracy or obtain the detail necessary by telegraph.
Uhlna, Oiass and
128
Cutlery
4,836
table,compiled from Custom House returns, shows
foreign imp-?tsof certain leading articles of commerce at this port
fhe
following
gartbeuware-
Cbina
13,202
434
••••••
garthenware...
47,680
356,(.34
21,898
8,936
3i
Glass
Glassware
Glass plate
Buttons...,
13,039
57,515
480,333
17,893
8.626
5,453
Hardware
82
Iron, RE bars.
Lead, pigs
Spelter
11,706
716
368,076
Steel
1,188
9,299
with the
4,222
6,962
4,849
845,314 872,169
505,880 513,241
7,863,892 10562456
134,572 163,957
897,584 1,122,866
6,047.797 4.028.882
100,785
97,615
RECEIPTS
EXPORTED SINCE SEPT.l TO—
SINCE SEPT.l.
PORTS.
1870.
03.31
0
5.0S6
31
102.203
26,795
866,679
Coal, tons........ •
Cocoa,
bags.......
Cotton
bales....-
Coffee, bags.
7,991
15,726
19,636
20,578
7,224
3,289
DBwt,'Peruvian
powders..
Brimstone, tons
Cochineal..
Cream Tartar..
Blea
20,777
Gambier.
453
Gums, crude....
Gum, Arabic...
4,589
6,080
Indigo
Madder
Oils, essence....
Oil, Olive
Opium... ......
Soda, bi-carb...
Soda, sal
Soda, ash
flax
1.827
.356
33,878
1,071
97,554
53,010
33,862
4.688
4,983
14,632
7,649
Furs
Gunny
cloth
1,233
Hair
Hemp, bales
Hides, &c
105,500
125,326
17,597 Rags
974,072 Sugar, hhds, tes
& bbls
2,361
Sugars, boxes &
20,565
bags
27,073 Tea
163,378
19,373 Tobacco
6,420 Waste
1,792 Wines, &c—
47.214
Champag’e.bks
6U8
"S6
40
4,075
1,199
642.473
'
1 131
Watches
Linseed.-
136,722
Molasses
391,219
7.180
687,887
20,646
874,602
6,205
48,516
1,872
260
870,356
816,604
46,777
2,189
253,058
113,363
176,996
48,794
Woods—
Dork
•
•
480
Fustic
571,83*3;
163,466 [
•
*
Logwood
Mahogany
*
-
-
4,835
4,335
....
Week
the
144,633
56,505
285,789
178,761
74,717
601,879
86,897
150,076
and since
receipts of domestic produce f.ir the week and since Jan. 1
aid for the
same
time in 1869, Iitwe been
This
week.
Since
Jan. 1.
as
follows:
j week.
This
Same
time ’69.
276
8.703
7,322
Ashes...pkgs.
Breadstuff's—
Flour .bbis.
138,956 3,892,349 3,276,352
Wheat .bus. 1,336,266 2S.769.977 23,564,755
Corn
301,928 8,463,791 11,533,383
Oil cake, pkgs....
Oil, lard
Peanuts, bags..
439,255 9,160,452 8,478,936
531,037
343,559
10,2"7
616,568 4,824,854 2,830,853
10,999
538,632
22,926
101.753
5,363
108,565
1,746
193,094
82,797
3,475
177,873
189,823
33,611
782,851
613,661
48
2,711
3,699
6,319
370,991
366,708
58,772
2,529
57,124
57,952 2,351,393 2.250,139
4,414
26,043
27,152
Cheese
Cutmeats.......
Oats
Bye
Barley, &c..
Grass seed.
Beans
Peas
G.meal.bbls
Gotton.bales.
hemp..bales.
Hides .....No.
Hops,..bales.
Leather .sides
Molasses bbls.
Naval Stores_
367,292
122,584
4,613
•
ttecelpta of iiomesUc Produce for
Jan* 1.
The
2.379
Wines
Wool, bales
2,160
3T8
Hides, dressed.
India rubber
Ivory
v
Jewelery, &cJewelry
974
3,231
141
26,918
5,763 Articles report’d
9,324
by value—
268 Cigars
$64,392 1,-395,491 $804,694
46,115 Corks
646
92,607 125,110
333 Fancy goods
23,116 2,267,877 2,028.421
Fish
81,728
6,317 330,078 743,763
38,732 Fruits, &c—
Lemons
37,326
5,911 873,938 503,322
1,3'S
Oranges
7,483 809,479 759,102
Nuts
5,866
17.576
556,816 659,172
5,634
Raisins
81.669 1,021,138 899,079
8,153 Hides undressed 251,159 9,013,342 9,928.133
108,905 Rice
12,200 561,586 241,936
Spices, &c—
1,497
Cassia
182,610 202,252
17,320
974
40,246
Ginger
52,491
38,971
298,721
Pepper
231,906
3,215 Saltpetre
1,651 252,531 185,844
1,470
28,109
30,990
6,334
1,066
Bristles
Tin, boxes
Tin slabs, lbs..
(lr.turp.bbl.
Spirits tnrp.
Rosin....
Tar
'
Eggs
Pork
Beef, pkgs
Lard, pkgs
Lard, kegs
Rice, pkgs
Starch
Stearine
Sugar, hhds., &c..
Tallow, pkgs
259
Pitch
Tobacco, pkgs...
Tobacco, hhds...
13,893 Whiskey, bbls....
66,435
486,644
40,873
535-,951 Dressed hogs No.
71,287
2,342
Wool, bales
62,584
Same
105,998
6,015
104,828
4,772
71,480
10
1,529
.
6,561
1,837
6,781
1,088
Provisions—
Rutter, pkgs
Since
Tian. 1. time ’69
73,930
14,523
493,552 612,179
60,940 1,473,956 1,289,230
75,436
1,773
85,712
5,052
283,005 297,071
3,962
104,980
79,720
74.765
102,573
9,071
73,417
4,335
63,096
448
24,415
15,583
634
19,989
18,505
3,922 1.913,779 281,765
128
9,150
9,804
206
1,124
2,255
778
16,808
16,797
271,124 109,572
2,161
125
68,516
76,441
176,638 170,796
1,633
862
116,884
113,705
181
60,132
58,593
New Orleans
Mobile
Charleston
Savannah
Texas
New York
Florida
North Carolina
Virginia
Other ports
Friday, P. M., Dec. 9,1870.
By special telegrams received by us to-night from the
Southern ports, we are in possession of the returns showing the
receipts, exports, &c., of cotton for the week ending this evening
December 9. From the figures thus obtained it appears that the
293,088 : 296,079
112,323 106.792
145,828. 101,313
280,990 194,017
43,471 ’ 62,105
36,189, 19,066
-1,980
6,751
34,848, ' 25,723
91,2401 78,987
15,267 j 10,485
1,494
91.944
*
»
•
^
-
169,946
58.238
35,733
6,172
40,760 80,759
99,038 111,510
2,863
7,094
....
5,755
159,964
ffl-a
32,394
-
Ports.
Total.
6.965
%
117,783
55,519
27,227
73,275
29,642
'
5.755
7,883
.
stock.
ern
France Forign
136,058
28,768
37,897
s
North-
Other
9,216
167,847
63,000
»
,
....
4,113
,
,
•
•
32.879
•
65,229
,
•
-r
*
-
*
*
3,625
....
1,969
6,011
16,500
390,873
7,738
Total this year
1060,2241
464,499
1,494
60,824
526,817 384,008
Total la-t y«»**
....1
901,318 274.646
69,159
71,733
435,536
306,776 285,067
The market the past week has been without
any special feature.
Prices have fluctuated slightly and close
to-night quiet at a decline
for the week of about #c. The main influence has been the
very
large receipts at the ports with continued favorable weather for
picking. But besides this, the European situation is not consid¬
ered promising, peace being apparently as far off as at
any period
of the war.
Under these circumstances rates have
given way, not¬
withstanding the export demand has been fair. There is a dispo¬
sition among exporters to secure compressed stock, as some steamers
refuse to take any other, and for this
description, therefore, ex¬
treme figures are obtained.
But there is an ample supply, both
here and to arrive, so that all demands are
readily met. For for¬
ward delivery, during the next three months, the market has
been
in close sympathy with that for spot cotton, and
prices have
declined to about the same extent, but for March and
April prices
have been somewhat better. An “
Exchange ” business has been
reported this week, l-8@l-4c. per pound being paid to carry con¬
tracts forward to later months.
The closing rates for futures were
for December, 15|; January, 15#; February, 15#;
March, 15 7-16,
and April, 15#.
The total sales of this description for the week,
(including “Exchanges” and 2,700 hales free on board) being
50,050 bales. For immediate delivery the total sales foot up this
week 23,491 bales, including 2,169 bales to arrive, of which
4,305
bales were taken by spinners, 893 bales on
speculation, 16,722
bales for export, and 1,571 bales in transit. The
following are the
closing quotations :
Ordinary
Good Ordinary
Low Middling
Middling
Good
Upland and
lb.
12*®....
15*©....
15*®....
16*©....'
15
.
Orleans.
12*®....
14&@....
15*®....
16*®....
Below we give the
this market each day
—
Mobile.
15*®.... ‘
Middling
Saturday
Monday
Tuesday..,
Wednesday
Thursday
Friday
New
Florida.
—per
6.741
COTTON.
1869.
j
Great
Britain
Texas.
13* @
15*@....
15*®....
.
13*@....
15*®....
16
x
@....
16*®....
15*®....
@....
16*®....
17
total sales of cotton and price of Uplands at
of the past week :
Total
sales.
2,181
Good
Ordinary.
3,870
5,754
4,686
1,906
M
21
12*®....
12*®....
5.094
Low
Ordinary.
15*@....
15*@
15*®....
S3
12*®....
12*®....
'**
12*®....
12*®....
|
Middling.
killing.
15*®....
15*®..
...
15 3-16®....
^
15*®.. 7
15*®
-
15*®....
15*®....
15*®....
15*®....
For forward delivery the sales (including 3,375 free on
board)
receipts for the seven days have reached 152,321 bales against have reached during the week 50,050 bales (all low middling or
140,674 bales last week, 118,699 bales the previous week, and 122,183 on tlie basis of low middling), and the following is a statement
bales three weeks since, making
tlie total receipts since the first of of the sales and prices :
September, 1870,1,212,545 bales against 1,001,666 bales for the same
For January.
bales.
For December.
els.
bales.
cts.
'
700
Dales.
cts
.15 5-16
100
period of 1869, showing an increase since September 1 this year of
...p. X.
cts.
850
bales
15*
200
15*
..15 5-16
210,879 bales.' The details of the receipts for this week (as per
1.800
15 5-16
900
.;..15*
400
2,100
15*
....15*
100
.15 5-16
800
15 3-16
50.
p. i.
.1511-16
telegraph) and the corresponding week of 1869 are as follows
100
15*
....15*
5,700
100.
4,000
....13*
total
-
#
...15 3-16
100. ........15 5-12
200
p. t.
2,900
BICEIPTS
RECEIPTS
Bec’d this week at-
Bew Orleans
Mobile
bales
...
Charleston....
8*muah
i«xas, eat
Tennessee. &c.
1870.
57,114
19,485
14,583
27,808
7,236
7,915
Itec’d this week at—
1869.
32,116 Florida
15,191! North Carolina
9,129 Virginia
19,863
7,563
pt
6,264|
102,554 bales, of which 84,374
to
Continent,- while the
bales,
1869.
207
139
4,094
13,879
2,896
7,182
152,321
Increase this year
iis
The exports for the week
ending
the
1870.
100,348
51,973
this evening reach
a
total of
were to Great Britain, and 18,180
stocks at all the ports, as made
up this evening, are now 434,136 bales. Below we give the ex¬
ports and stocks for the week, and also for the corresponding week
of last season, as
telegraphed to us from the various ports to-night:
Exported to—
Week ending Dec. 9.
NewOrleans
G. Brit
Imiinah?!',"
Texas
35,182
12,547
3,710
10,389
Key York
22,546
Mobile.
Otter ports
’’■'f
-I't
Stock.
i
Contin’t
Tc althis Same w’k
1869.
t yeek.
43,350
14,175
22,230
i,r„g
550
3.834
4,260
17,223
4,798
8,212
10,867
68.000
416
80,000
114,205
50,965
16,163
50,994
34,297
25,000
19,899
102,554
629,371
58,880
434,136
493.918
311,023
5,199
6,658
10,666
;
*Jotal
.Total8inceSept. i...
84,374
548,878 1
18,180
80,498
132,785
57,485
31,333
77,158
37,875
1869.
23,546
8,16?
,
1870.
.
.
"•M
6,(00
4,100
2,500
100
15*'
15 1-16
15
400
100
100
100
15*
15*
12,300 total January
•-
2,050
The sales
bales.
The
....
800
For
February.
2,300
6,100
For March.
100
15 3-16
21,900 total Decern.
1,700....
600
15*
■100
600
100
.15*
10*
.15*
.15*
.15*
....15 7-16
15*
1
1,100 total April.
during the week of free on board have reached 3,875
particulars of these sales are as below:
1 200 f. o. b. Mobile
p. t.
Pec
300
p.t.
250
Av.N. Y.L.M. 14*
100
14*
1.850
5,950 total Feb’y.
p. t.
15 7-16
t
600 f. o. b. Charleston
2501". o. b.Savannah, Dec
t.
14*
p.
.......
Total free on board at Mobile.
Weather Reports
by
Telegraph.—Our weather reports
by
telegraph to night indicate a favorable condition of the weather
during the week at most all points, and good progress made in
picking. Some rain is reported to have fallen one day of the week
at Macon and Columbus, Georgia, and also at Selma, Alabama;
Nashville, Tennessee; but with that exception it has been dry and
favorable. Our telegram from Nashville states that, as the week
closes it is cold and wintry.
At Memphis they have had cloudy
weather the most of the week.
At Charleston and Savannah it
has been warm and dry, with cold nights. The thermometer at
Mobile and Montgomery, Alabama, has averaged 54, at Selma 60,
at Macon and Columbus, Georgia, 56, at Charleston 57, and at
Memphis 51.
764
THE CHRONICLE.
*
Our Crop and European Consumption.—The continued
eral receipts are daily leading to a more
acceptance
The exports
lib¬
general
of the
largest estimates of the crop, and there is now, we think, a pretty
extended belief in a yield of from 3,900,000 to 4,000,000 bales, some
putting the figure as high as 4,250,000 bales. We have, heretofore,
[Decomber 10,1870
-*
of cotton this week from New York show
reaching 21,116 bales, against 17
r0?*1
week.
Below we give our table showing the exports of
*7®*
New York, and their direction for each of the last four
week? i
the total exports and direction since September 1, 1870- and8’’
*80
270*h
since iaBt week, the total
^
several times stated that our advices
list column the total for the
these
Exportsof Cotton (bales) ft-om New York since Sept,
l, lglj0
do not warrant us in accepting
high figures, and as yet, we see no reason for changing our
opinion.
But this question of a larger or smaller yield is really an unim¬
portant one, since even granting that our crop proves to be
only about 3,500,000 bales (the lowest figures now given), we
cannot see any ground for confidence that prices are to recover
For the purpose of illustrating the point, we have
this season.
prepared the following, showing the actual stock in Europe at the
beginning and close of each season, together with the European
import and consumption from 18G6-7 to 1869-70, and an estimate
for 1870-71. In the estimate we give the European supply from
India at about 70,000 bales less than last season, from Brazil,
Egypt and other sources, the same as for 1869 70, and from the
United States on the basis of a crop of 3,500,000 bales.
1866-7.
beginning of year..
Stock Oct. 1,
America
India
Egypt
Totai
import
.
Making the total
Consumption for year
supply—
.
end of year
Stock Oct. 1,
.
.
341,1*00
4,137,000
4,472,000
4,563.0 0
5,229,000
4,605,000
5,086,100
4,503,000
5,146,0U0
4,381,000
583,000
759,000
15,531
719
17,650 154,426
2,198
5,538
90,049
15,577
16,250
19,843 159,964
96,330
....
ports..
Consumption in Europe.
1869-70.
lbs.
1870-1.
lbs.
1,534,390,000 1,630,469,000 1,599,000,000 1,640,000,000 1,650,000,000
Thus after estimating the receipts from our crop at a figure lower
than the majority of the trade would figure them
consump¬
tion at the highest possible estimate, we still have a European
and the
stock, Oct. 1, 1871, of
1,219,000 bales.
Gunny Bags, Bagging,
tive, and prices
&c.—The market for cloth remains inac¬
Holders
to lose much of their confidence, the long anticipated
demand having failed to show itself. The only sale reported has
Bags
been 200 bales to arrive by the “Cynric ” on private terms.
have been less active, but close very firm, with sales during the
week of 600 bales at 11c. gold in bond and 18c. currency duty paid.
Hemp remains quiet, the nominal price is still 13c. for Manila ;
400 bales Pernambuco sold at a private price. Jute has been quiet
most of the time since our last , to-day we learn of the sale of 1,500
bales at 5|c. gold. Jute Butts have been active the latter part of
the week, and sales foot ,up 5,000 bales on spot and to arrive, at
4fc.@4§c. currency, and 4c @4Jc. gold, cash.
appear
Movements of Cotton at the
Interior Ports.—Below we
give the movements of cotton at the interior ports—receipts and
shipments for the week, and stock to-night and for the correspond¬
ing week of 1869:
^-Week ending Dec. 9,1870.->
Week ending Dec. 9,1869-^
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
8,993
Augusta
7,123
15,000
5,160
3,658
16,202
10,946
4,499
2,055
15,685
Columbus
4,130
Macon
4,381
1,518
3,555
Montgomery...
4,642
2,226
3,696
Selma
3,755
3,782
Nashville
2,905
2,634
9,780
23,454 25,387 38,026
Memphis
3,558
3,811
9,080
9,682
3,098
10,115
1,407
2,524
2,941
1,150
8,973
1,047
10,788
15,421
9,304
10,578
1,919
77,897
22,348
These totals show that the interior stocks have increased during
the week 6,448 bales (being now 17,715 hales more than for the
same period of last year), while the aggregate receipts are 21,894
bales more, and the shipments 24,121 bales more than for the
corresponding period of 1869.
Visible Supply of Cotton.—The following table shows the
quantity of cotton in sight at this date of each of the two past
seasons.
On account of the irregularity in the dispatches by cable
we are compelled to go to press without our figures for stock at
Liverpool, and we therefore estimate it.
53,078
46,469
95,612
31,184
Stock in
Liverpool (est.)
bales.
Stock in London
Stock in Glasgow
Stock in Havre
Stock in Marseilles
Stock in Bremen
Stock rest of Continent
Afloat for Great Britain (American)
Afloat for France (American and Brazil).
Total Indian Cotton afloat for Europe
Stock in United States ports
Stock in inland towns
Total
These
400,000
51,456
1,100
..
..
*
70,000
8,000
6,300
20,000 '
250,000
929
139,000
434,136
95,612
1,476,533
319,300
101,467
350
74,620
3,000
2,400
12,000
178,000
41,289
178,533
311,023
77,897
1,299,879
figures indicate an increase in the cotton in sight to-night
bales compared with the same date of 1869.
of 176,654
....
....
•
•
3
•
....
1,00)7
m
Total to N. Europe
30
103
.
Spain, Oporto and Gibraltar &c
789
....
..
1,030
Grand Total
....
..
13,619
.
2
1J58
~1,017
1,758
21,115 167,847
im
2
....
16,366
18,852
1,015
o
.
182
6,866
....
Spain, etc.
10,130
8,540
2,927
1,265
...
.
~M64
..
2,308
1,631
....
U1 others
Total
762
503
789
17,280
receipts of cotton at New York, Boston, Philtr
for the last week, and since September 1,1869:
The loilowir.g are the
delphia and Bnliit v
*e
NEW
YORK.
PHILADELPHIA
BOSTON.
This
week.
Sept. 1.
New Orleans.
Texas
3,019
53,376
891
Savannah
Mobile
6,472
87,538
This
9,095
Since
•
....
6,579
3,879
6,070
3outh Carolina.
North Carolina..
Virginia
•
5,886
Since
This
week.
Since
Septl.
3,108
'
2,309
847
2,373
80
86
12,324
5i3
6,727
844
7,409
218
668
2,477
327
80
6,193
1,781
1,983
c
:...i
356
•
42,075
Since
week. Septl.
week. Sept 1.
76,453
24,890
69,073
6,348
321
Tennessee, &c.
Foreign
This
502
....
Florida
BALTIMORE.
1
RECEIPTS PROM-
10}
3,482 13,418
3.088
948
•
26,498
6,398
•
•
1,623
1,999 17,597
•
;
_.
_
t
410
3,201
671
7,694
74
1
otal this year 33,117
359,350
9,827
65,169
1,518
16,304
4,001 40,760
Total last. year.! 19,102
247,835
6,078j
47,735
1,734
13,995
3,581 34,645
i
Shipping News.—The exports of cotton from the United Sta te the
past week, a« per latest mail returns, have reached 74,991 bale). So
lar as the Southern
ports are concerned, these are the same exports
reported
by telegraph, and published in the Chronicle last Fri¬
day, except Galveston, and the figures for that port are the exports for
two weeks back.
With regard to New York, we include the manifest
only up to Tuesday night, to make the figures correspond witli the offi¬
cial week.
Below we give a list of the vessels in which these ship¬
ments from all ports, both North and South, have been made:
Total halos.
Liverpool, per steamers City of Limerick, 1,214 . .. Wis¬
consin, 5,911— Cuba,839 ..Calabria, 1,355.. Mag !aa, 1.441....
per t hips Artist, 494
Denmark, 2,884
City of Brussels, 1,135
R. Hobif son, 733
Harvest Queen, 1,646.
17/60
To Glasgow, per steamers Britannia, 245
2,1 •'8
Australia, 1,953
To Bremen, per steamer Main, 762
761
To Hamburg, j er steamer Westphalia, 603
603
To Mexico, per
2
*
New Orleans—To Liverpool, per ships Ohas. Davenport, 3,02?....F. N.
Thnyer, 3,242 ...D. W. dnapmau, 3.052.... Montreal, 2,v00 ...Jane
J. Southard, 3,655....Rosenettte, 2,158
per barks Charlotte
Gedcl e, 1,50 )
Bazilieria, 5 bales seed cotton
Ivj"
3,370
To Bremeu,
r ship Wallace,
New York—To
..
.
,
—
* 428
3,370
p.
brLs Andarin, 227
Pepin, 201
38()
schooner Island Belle, 195 and >70 half do
M bile—To Liverpool, per sh psE C. Scranton, 4,313..Fleetwood, 2,912 7,225
Charleston—To Liverpool, per barks Sharpsburg, 1,68) Up and —
nnie Kimball. 29 Sea Island and 2,264 Upiana.. .Belgium, 2,163
Upland — per ships Oanova, 2,022 Up an ■
To Amsterdam, per barks Bidwell, 1,4 7 Upland....Mary Killam,
To Barcelona, per
To Vera Cru?, per
-•
1,376Upland
.
Clara
Eaton,
• •••
Upland....
1,535 Upland ...Francis Bourueaf, 1,804 Upland....
Savannah—To Liverpool, per
barks A. B. Wyman 2.060
per steamer Juan, 3,079
-To Bremerhaven, per ship Marion Emerson,
Texas—To Liverpool, per hrig Romance,
Baltimore — t o Liverpool, per biig Stella, 461.
2,239
844
461
W*
Total
as
The particulars
follows:
of these shipments, arranged in our
Liver¬
1869.
1870.
•
....
Hamburg
ports...
North1 rn Ports.
though nominal, again tend downward.
....
Other
follows:
1868-9.
lbs.
5,561
....
tfremen and Hanover
302,000
281
....
.
1,219,000
1867-3.
lbs.
date.
185
Total French
exists, and the effects of it must continue to exist during the whole
Stated in pounds, this consumption would be about as
season.
lbs.
6.
29.
time
mv.
year.
15,392
Other French
that we have assumed a larger consumption
Europe than last year, notwithstanding, the war still
1866-7.
to
1,024
Havre
It will be observed
in bales in
22.
Dec.
Total to Gt. Britain. 13,516
5,619,000
4,400 000
614,000
! Nov.
Sana e
12,492
Liverpool
4,860,000
1,092,000
.
640.000
238.000
385.000
Nov.
Nov.
Other British Ports
2,450,000
1,370,(XX)
536,OJO
222,000
4,147,000
.
Otoer sources
1,312,000
675,000
233,000
2,084,000
1,419,000
536,000
222,000
302,000
5,239,00 i
.
l,362,000
1,847,000
Total
15.
759,aw
1,576,000
year*
WEEK ENDING
RXPOBTED TO
1870-71.
583,000
4,0%,' 00
.
Brazil
1869-70.
614,000
1,524,000
481,000
228,000
368 000
.
1S6S-9.
1,092,000
1,49.7,000
Imports—
1867-8.
1,143,U00
.
period of the previous
same
pool.
Glas- Bre-
gow.
New York
17,650
N'w Orleans... 18,830
Mobile
7,225
Charleston
8,158
Savannah
9,078
Texas.;
844
Baltimore
461
2,198
62,246
2,198
Total
men.
usual form
Bremer-Ham-Amster-Barce-Vera
haven, burg. dam.
Iona. Ciuz. 1?!*:
21,116
503
762
428
2,370
380
11,317
2,239
4,132
2,239
7225
11,021
2,863
Included in the above total are 2 bales from
23,006
844
603
2,863
New York to
Gold, Exchange and Freights.—Gold
428
880
Mexico.
74,991
lias fluctuated the pasl
llOf and lllf, and the close was 110$. F?relff
Exchange market is strong to-day, owing to the absence of ca
quotations, no new commercial bills are making, and the same
The following were the last quotatioMiscarce in the market.
London bankers’, long, 109 ; short, 109$, and Commercial, lwjg
108$. Freights closed at 9-16@$d. by steam and 5-16@fd. by b*1*
week between
to
Liverpool.
December 10, 1870.]
THE
CHRONICLE.
Owing to the interruption of telegraphic communication with
flurope, we are unable to give our usual table of stocks, &c., this
765
is estimated to be
fully half a million bushels less than last
December, with every prospect that the export demand will be
fully as good this winter as last. An anticipated decline in ocean
freights has not been realized, owing to large shipments of Pro¬
week. “
Indian Cotton Markets.—Id reference to these mar¬
correspondent in London, writing under the date of Nov. 26, visions, and it seems
probable that a little later, shipments of Corn
-The following are the
may operate adversely to Wheat in this particular
IimpooL, Nov. 26.
prices of American CJotReceipts con¬
European and
kets,our
states:
too:
—Ord.
12
7
Urd.
Description.
Sea Island...
Stained
-
8*
Upland
tinue liberal at the Western markets, and for the
past day or two
their quotations have so far declined as to
nearly meet our market
to-day, under adverse rumors from Liverpool, part of the late
advance was loBt, new No. 2 spring
,—Fa'r <fe-> ,—G’d &->
Same date 1869—
& M?d—,
fair.
g’rHhir
Mid.
Fair. Good.
16
17 -20 26 -48
20
23
80
8
9 -10 11 -12
11
12
15
G. Ord. L. Mid. Mid. G’d Mid. Mid. F.
8%
9#.
9*
9 7-10 9 9-16 11#
8#
9*
9#
9#
9X
Ii9-10
9 9 5-16 9 7-16 9#
9#
11#
8#
Mobile......
8#
H.O.* Texas.
The following are the
closing at $1 88, against $1 40
yesterday.
....
Corn has not arrived
freely, owing to a material advance in
freights, and a brisk trade for consumption. The approxi¬
dsteaad since 1867:
mation of prices to a
1807. 1808. 1869. 1870.
shipping point has also strengthened the
1867. 1868. 1869. 1870
15d. Mid. Pernamb
Mid. Sea Idl'd 19d. 24 d. 20d.
7#d. 10%d. lid.
8# market. The close is firm at 76@80c. for new Western mixed,
il# 1134
9#
Upland.
Egyptian. 634 10
7
9#
and 75@78c. for do. White, and
Mobile.. 7# Jl# 119-10
9#
Broach... 5#
7#
81@84c. for Yellow. Rye quiet
73*
6#
Orleans. 7# 11# 11%
9 7-10
Dhollerah 5#
7%
7%
5# and nominal. Barley for an exception, has
quite broken down,
Since the commencement of the year the transactions on
specula¬ with sales to-day at 80c.*for two rowed State, aud
$1 00 for fair
tion aod for export have been :
m
Canada West. Oats have done better,
r-Actual export from
selling to day at 61$<g62c.
prices of middling qualities of cotton
Liverpool, Hull and
-Taken
on
this date1869,
1868,
1870,
bales.
bales.
bales.
162,110
16,190
foyptian. &c.. 6,970
ffeet Indian... 2,6b0
gut Indian ..184,490
171,280
1870.
bales.
261,400
61,370
1869.
bales.
123,723
122,978
40.190
6,041
American
Brasilian
37 010
20,150
2,270
252,900
Total.... 323,040
583,620
at this
Aetna!
for
other outports
exp’t from
to this date—»
1J. K. in
spec, to
48,060
5,880
212,720
67,566
10,784
5,459
7.4S6
1869
Superfine
494,491
mon
Southern,
family
imports of cotton for
on
Thursday evening
SALES, ETC., OF ALL DESCRIPTIONS.
Silies th is wee!
Total
Same
Averace
Ex- Speculathis
period weekly sales.
Trade. port.
tion. Total.
year.
1869.
1870. 1869.
American..bales. 23,640 1,750
8S0 26,270 1,527,660
1,109,080 29,200 17,410
Brasilian
400 14,190
1,0*0
480 420
878,500
6,610 8,230
350 1,020
5,649
7.010
jfayptian.....
167,870
20X030
3,520 4,040
West Indian.
4,300
240
30)
4.840
74,640
87,990
1,330 1,520
But Indian.
21,070 14,630 9,810
45,510
Total
67,360 13,050 13,410
r—— ■
1,022,150 1,454.200
11,9:0 15,220
97,820
8,171,120 3,343,720
51,640 46,42G
1 mports—
To this To this
This
week.
date
1870.
American
22.723
Brazilian
6,203
140.511
357,776
672
—...
date
1869.
Total.
680,884
459,808
1,039,118
1869.
169,401
Egyptian.
Wett Indian..
But Indian...
2,181
17,869
s
499,251
226,540
89,027
184,189
75,7v0
81,998
866,956 1,086,092 1,141,343
This
day.
58,260
29,370
25,860
14,680
266,810
—StocksSame
date
Dec. 81,
1869.
1869.
24,600
76,900
82,750
24,37
16,500
•26,56
8,110
6,130
806,100
Importi,Jan.
Deliverie*
Stocks, Nov.
1 to Nov. 24
Bales.
24
1869.
290,462
235,026
159,473
299,670
839,695
101,467
1870
145,427
218,017
Ae markets
Friday. P. M, December 9,1870
Rye
—
Flour, bbls.
-EXPORTS FROM NEW YORK.
-1870.
For the
Since
week.
Jan. i.
*
1869.-
,
For the
week
Since
Jan. 1.
Walker, of the New York Produce Exchange, show the grain in sight
and the movement of breadstutfs to the latest mail dates ;
RECEIPTS
AT
LAKE PORTS FOR THE WEEKENDING DEO.
Flour*
bbls.
(196 lbs.)
At
Chicago
Wheat,
Corn.
bush.
bush.
(60 lbs.)
419,059
Detroit
Cleveland
16,166
21,450
Totals
Previou* week
116,261 1.068,091
111,890 1,081.4:83
Gorrespond’g“ week, 69. 110,096 1,052,101
*68. 102,432
’67. 87,255
*66
60,721
"
“
.
8, 1870.
Barley. Rye-
Oats.
bnsh.
bueb.
bash-
(66 lbs.) (82 lb«.) (48 lbs ) (56 lb#.
613.371
20,787
171,648 86,338
11 025
8,110
88,835
7,603
4,988
70,081
3,070
286,«44
86,871
21,954
474.063
81,037
96,178
20,149
87,346
6,260* 87,460
Milwaukee
Toledo
10X63
4,792
20,700
7,4(KL
76,124
132,432
29480
23,168
16,068
19.826
22.166
83,502
9,68*
9,662
02,625
871,416
536,407
225,<72
185.666
170.786
814,869
102,066
864,280
28X700
294,839
133X81
416,724
505,527
860
143, *93
74,978
29,048
♦Estimated.
Comparative Receipts at the
inclusive, for four
same
from Jan. 1
ports
1870.
Flour, bbls
...
.
Wheat, bush
Corn, bush
Oats, bush.
1869.
1868.
8,744,189
4,825,732
3,971,085
48,060,779
23,619,284
20,301,427
.
FROM
CHICAGO
43.979,236
80,528.940
28,871,218
29,691,788
13,078,7(0
2,163,177
1,352,641
80,207.765
18X45,052
3,589,921
1,601,910
80,722,185
92,852,763
60,285,492
83,838.588
78,236,264
4,576,528
.
14.111,8(6
3,361,690
1,669,361
to and including Dec. 8, for fmr years:
1870.
1,881,542
1869.
1867.
1868-
1,934,088
2,242,419
2,158,928
23,253,089
25.860 575
9,385.262
6,916.067
3,720,004
808,893
12.9-28,712
22 140,966
11,058,68)
7.016,430
12,473,814
1,760,923
797,618
1,4 U,147
23,554,749
12.298,743
10.498,415
1,323,368
1,113,885
49,296,707
48,781,105
47,834,258
MILWAUKEE, TOLEDO
week ENDING
of stocks ; but this is not
At to-day’s market
1867.
8,579,048
1,288,785
.
.
grain, bushels.... 48443,865
8HIPMKNT8
to Dec* 8,
years:
jd consumption
steady reduction
as
76®
82
S’®
84
85
76®
95® 1 15
60®
64
80® 1 05
95® 1 10
1 05® 1 20
follows :
8,892,349 8,276,352
58.150 1,8-9,452
48,893 1,393.592
177,878
189,823
2,703
' 75,590
2,434
180,858
Yheat,bushl,386,266 28,769,977 23,564,755 866,964 17,254,245 351,850 17,805.553
Corn,bush.. 801,928 8.463,791 11,583,383
4,196
897.728
4,972 1,667,660
Rye, bu^h... 10,287
531,087
843,559
92,435 •
161,476
Barley,&c bu 616.568 4X21,854 2.880.853
134
8
HI
Oats, husn.. 439,255 9,169,452 ©,479,986
422
*6.122
1,077
49,690
The following tables, prepared for the Chronicle
by Mr. E. H.
during the past
a
.....
138,956
8,475
for flour and grain have
It is stated that the
receipts will soon show a large
off, and permit the
regular export and trade demand to
@
6 10® 9 00 Oats
®
Barley
4 CO® 5 60
Malt
4 00® 4 70 Peas, Canada
...
gensrally taken a stronger
week, attributable mainly to the termination
canal
navigation which has materially reduced
And from August 1st,
supplies,
especially of Wheat and Barley.
Flour has arrived
Flour
bbls.
very freely by rail, and the demand for export
Wheat
bushels.
has not been active, but in view of the high cost
0
producing, holders have been very firm, and there has been Corn
Oat*
hie
speculation, which has not only served to support Barley
Rye
"ices, but in the
leading shipping extras has caused a slight
Total
wn
' 1 45® 1 75
1 7-5® 1 80
Yellow, new
White, new.
,
1870.
*
Same
For the
Since time .Tan.
week.
Jan. 1.
1,1869.
C. meal. bis.
actual
BREADSTUP PS.
$1 18® 1 40
1 40® 1 42
1 43® 1 47
Corn,Western Mix’d,....
6 28® 8 75
—RECEIPTS AT NEW TORN.
61,456
Bombay, Nov. 21.—Receipts of cotton for the
week, 6,000 bales
clearances, 7,760 : on board ships, 20,600 bales; total
exports
1,080,000 bales. Market
declining.
Dbollera, 6Jd. ; saw ginned
Dhwwar,
; new Oomrawuttee, 7£d- ;
Hinginghaut,
^'^ery, all coat and freight. Steam freights, 47s. 6d. to7$d. January
6Us.
Wheat .Spring, bush
Red Winter
5 86® 6 10
Amber do
White
6 75® 6 25 White California
and
203,800
49.648 2,374,864 2,692,971 2,995,279
873,920 888,060 887,760
Of the present stock of cotton in
Liverpool, 10 per cent is
American, against 6 per cent last j ear. Of Indian cotton the
pro¬
portion is 71 per cent, against nearly 79 per cent last
year.
London, Nov. 26.—Business has been quiet, and very
little change
bai taken place in
prices. The following are the particulars of imports
deliverie»and stocks :
.
The movement in breadstuff's at this market has been
Total
1868.
extra
..
...
..
com¬
good
California
Kye Flour, super & extra
Corn Meal.
,
...
to
Double Extra Western
and St. Louis
Southern supers
791,850
The following statement shows the sales and
the week aod year, and also the stocks on hand
1
.9 bbl. $5 00® 5 SOi
Extra State
Extra Western,
674,160
431,017
581,560
Flour-
61,800
11,050
11,540
295,677
good boat-loads Western and State.
following are the closing quotations:
The
bales.
13?., 300
252,134
so
rail
DEO.
2,176.09i
AND
CLEVELAND
FOR
8.
likely to take
Flour, Wheat,
Corn,
Oats,
Rye*
Barley,
bbls.
bush.
bush.
bust).
bush.
bnsh
speculation sub- Week ending Dec. 3
128,834
82 825
80
193,877 688.351
101,760
comparatively weak at $6 00@$6 05 for Week ending Nov. 26—112 808 975,984 459.854 251,190 42,869
2,800
Week ending Dec. 4, ’69. 82,483
5,781
110,654
29,901
69,422 149,330
I .
extra State.
Comparative Shipments of flour and
pnaing Southern, were dull. The medium and better grades, infrom the ports of
gram
Rye Flour steady. Corn Meal more Chicago,
Milwaukee, Toledo, and Cleveland, from Jan. 1 to Dec. 8,
‘IJ
BaIes of 1,500 bbls. Southern and Brandywine at inclusive, for two years:
^$4
‘"•till after New
Year’s.
wid the close
was
^Pping
40.
though inactive, has slightly advanced.
tat* ^aVe near^ ceased, and we are below
[
Flour
The receipts
the parity of
.markets, there is none coming forward by rail.
SpecuVe
consequently been operating for a rise, aided by a
*
ex?ort demand.
The quantity of Wheat in this market
j
Wheat
Corn
Oats
1870.
.....bbls.
bush.
Barley
Rye
Total...
■
-
3,930,815
1869.
1368.
4,840,375
87,542,492
84,140,290
20,976,938
23,454,041
11,777,896
9,662,681
9,960,817
458,670
1,565,978 ~
868,235
74,824,111 af\68,789,917
i
1867.
9
'cO^fS
tmb mwmcbB.
w
GRAIN
BIGHT,”
“ IN
,DIC.
Corn.
:
atom at
11,200
Albany*
In store at BttfftUO
704,70o
In store at Chicago*
1,522,829
In store at Milwaukee
935 215
915.716
In store at Toledo
In etore at Detroit*
86,252
III store at Oswego*
500,000
In store at St. Louis
206,202
In store at Toronto
63,413
III store at Montreal
502,610
In store at Boston „
24,323
Afloaton lakes for Buffalo and Oswego. j 55,625
Afloat on New York Canals for tide water 592,792
Rail shipments for week....
92,912
Total in store and intransltDec.3,’70.8,489,857
14
41
tcor. week, ’69. 8,804,391
Nov. 19, -’70. 9,5*7,833
..
44
.
*4
“
44
44
44
*4
44
44
44
44
“
44
44
*
“
44
44
Nov. 12,’70. 9,921,346
Oct. 29,’70.10,680,793
Oct. 22, ’70.10,311,132
Oct. 15,’70.10,1794145
Oct.
8, ’70. 8,936,990
Oct.
1, ’70. 8,708,294
Sept. 24, ’70. 7,414,623
Sept. 17, ’70. 7,285,862
Estimated.
-
189,711
6,000
<,974,088
Ns W York
.
.
bush.
•5
The call of late has required few of th$ onJban
qualities, good to prime stock attracting most attention, and of wMchafcjj
assortment was offered from the recent arrival per steamer ** Agamw^^i.
At the leading coffee marts along the seaboard there has been coniida^
activity, including a few sales on New York account Java, as noted in cm
last, is in comparatively free supply, and jobbers showing little inclination to
operate with any freedom, holders seem rather to solicit trade by hinting at
possible concessions on bids' for full parcels, though not disposed to yield
much in a jobbing way except upon such lots as may be offering “ duty jaid.”
West India descriptions must still be considered as to a great extent nominal
as there is not enough business (filing to afford a fair basis for quotations.
Holders, as a rule, ask former rates, but extreme figures could not easily be
obtained.' Sales of 13,314 bags Rio, 2,800 bags Laguayra, 150 bags Costa Hica,
50 bags St. Domingo, 675 bags Maracaibo, 1,500 mats and 300 bags (Govern,
ment) Java. At Boston, 3,750 pockets Singapore; at Hampton Roads, 18$j
bags Rio; at Baltimore, 10,231 bagB Rio; and at New Orleans 24,380 bagsfilo.
Imports this week have included the following cargoes of Rio: Steamer
fpr jobbing distribution.
8, 1870.
118,000
637,523
13,681
91,616
10,586
75,000
9,310
Barley.
Oats.
4
bush.
71,900
;««,ioo£96,693
81,918
46,282
6,900
50,000
62,652
679
4,061
26,900
14,£00
151,614
172,613
209,097
80,881
211,130
6,687
179,847
78,833
1,687,828 3,281,584
1,686,764 2,877,005
1,297,429 3,476.822
1,656,824 8,844,439
2,127,024 4,217.576
2,8i.'6,928 4,536,492
8,128,615 4,623,776
2,806,812 4,293,725
2,895,989 4,143,799
8,128,249 4,109,686
3,234,088 4,514,213
bush.
474^17
9,063,853
-
125,100
*14,800
510,184
12,551
3,678
20,461
80,002
5,680
91,890
8,204
53,188
16,450
606,928
16,375
2,234,503
880,241
3,019,630
2,661,878
2,556.348
2,286,268
2,513,281
2,845,508
1,968,886
1,581,008
191,813
sundries.
The stock of
“ "
Rio, Dec. 8, and the imports since January 1 are as follows:
New
Balti-
Phila-
New
Savan. &
Gal-
delphia. more. Orleans. Mobile, veaton.
4,500
6,000
44,604
25,574
13.980
4,392
6,100
65,010
17,800
8,140
8,100 488,367 127.742
Import*
681.852
87,222 20,112
in 1869
689,870
809,986
8,200
103,795
30,006
2^800
Of other sorts the stock at New York, Dec. 8, and the imports at the
ports since January 1 were as follows:
Philadel.
N.
In Bags.
Stock
Same date 1869
at New York, Buffalo, Chicago and Mil
Balt.
/-New York—, Boston
GROCERIES.
In
Friday Evening.
December 9, 1870.
good steady demand lias prevailed for parcels in bond, espec¬
ially on spices and sugars, and values in some cases advanced,
while generally the tone was steady, with owners of the supplies
not greatly inclined to operate, even at the full figures bidWith few exceptions, stocks in importers hands are only fair,
while the policy of purchasing merely to the extent of simple
necessity so long adhered to, has, it is thought, so greatly reduced
the amounts held by consumers and small distributors, that the
opening of the year is likely to bring with it a quick trade and
prevent the full decline in values many have hoped for, with the
modification of duties. There is quite a number of duty paid par¬
cels left on hand, and these are freely offered on easy terms.
Imports this week have included 11,191 bags Rio ; 14,191 mats
Java, and 13,490 bags of other kinds of coffee.
Reeipts of sugar
and molasses have been small, including 3,068 bbls. New Orleans
A
stock, import, import.
*68,204 *68,481
+....
bag*
Java and Singapore
15,861
Ceylon
86,102
24,584
9,010
St. Domingo
Other
108,911
3,088
Laguayra
1®
several
Orle’s
import, import, import.
*8,164 *8,118
....
25,160
....
10.885
46,290
1,058
1,917
15,757
4.176
21,125
1,875
1,917
1,246
1,008
86,198
809,201
TO.274
..10,592
Total
Same time, 1869
1J26838
....
28,244
Maracaibo
*
M
iiTw
....
"
Including only stocks In store
wankee and amount in transit.
t
Tow
York,
282,760
49,417
306,428
t Also. 44,516 mate.
Includes mats, &c., reduced to bags.
SUGAR.
The demand for Raw Sugars, in bond, has rather increased since our last, and
proved quite a stimulating influence, holders obtaining an advance of Xc.per
lb.on all desirable refining grades,and the market showing much general strength
The consumption if anything has fallen off, as some of the refineries have
ceased work entirely, hut refiners still think it good policy to secure stock
while they can find it, in order to be provided for such wants as may atilt
when they resume operations.
We find some exceptions to the above rule,bit
the impression is pretty general that the next six or eight weeks will bring In
very little stock, and that the outlet is likely to increase. A noticeableabsence
of speculation prevails, all calls being based upon orders from the regik
attendance of buyers. Both Clayed and Muscovado Sugars have been taka,
molasses.
and the stock of bags has uudergone some reduction. Additional parcels of j
The entries direct for consumption, and the withdrawals from
the domestic crop came to hand and met with a fair call, a portion selling *t sse
bond, showing together the total thrown on the market for the tion. For refined goods there has also been a decided advance in prices,notion I
week, were as follows :
any particular Increase of the demand, but owing in part to the fact that rone
bags.
uge
Tea, black....
Laguayra .. • 40 bags. Sugar, Brazil.
816 pkgs.
of the refiners having stopped entirely and the others running on short tint
Manila, &c.. 25,000 bt
758 pkgs.
Green
Other
411 bags.
Japan
242 pkgs. Sugar, Cuba.. 3,466 bxes. M’las’es,Cuba 1.018*hhds. only,-the production has hardly kept pace with even the small outlet, and
Porto Rico.
186*hhds.
Various
565 pkgs.
Cuba
679*hhds.
sellers were enabled to gain an advantage. At the close the general marketiiI
Demerara..
73*hhds.
Coffee,Bio.... 2,109 Dags.
Porto Rico.
15*hhds.
Other
2*hhds.
Java
803 mats.
Other
294*hhds.
fairly active and quite firm. The transactions in Raws foot up 8,994 hhda.
*Hhds. Include bbls. and tcs. reduced.
Maracaibo.• ■ 889 bags.
127 hhds. Porto Rico, 270 hhds. Martinque, 292 hhds. Demarara, 100 hhdi, SRj
The stocks in New York at date, and imports at the five leading bags Barbadoes, 203 hhds. New Orleans, 12,312 boxes Havana, and
Cibtl
ports since Jan. 1, are as
Tea
Tea (indirect
Coffee, Rio
Coffee, other
Sugar
Sugar
Sugar
Import)
Molasses
41,985bap|
follows :
Manila.
Stocks in New York
at date.
1869.
1870.
,.lbs.
pkgs.
bags.
boxes.
hhds.
82,018
32,662
326,616
hhds.
85,010
10,592
98,471
59,242
204,581
14,637
44,604
56,198
8,844
bags.
bags.
Imports at leading
since
1870.
January
39,596,141
97,807
1,263,895
403.125
481,288
584,923
786,218
290,587
^orts
Imports at New York, and stock in first
41,079,081
36,819
1,144,167
306,423
573/ ~
54S'848
796,122
bxs.
Imports this week...
654
time,’69 872,841
Stock In first hands..
Same time 1869. i
1868
325.198
P. Rico,
*hhds.
248
*hhds.
86,772
35,949
67,791
84,109
32,748 119,148 '
217.337
255,125
since Jan. 1 277,402
same
The market has shown very few really
interesting features for the week
buyers have been In attendance, and in one or two instances negotiations
opened, but business did not appear to have much life, and but little was
accomplished. The amounts in the hands of distributive jobbers hold out
I airly, and this checks the movement of invoices for the present; but should
the large number of retail dealers, grocers, etc., who now have a very light
assortment, be compelled to operate or think it judicious to do so, it would
alter the complexion of affairs considerably. The current call from the trade
is made at full figures, and the market shows a generally firm tone, though
throughout holders do not appear to have lost confidence on any grade. At
the close of last week twenty car loads of Tea arrived at this port, thirty-four
days from Yokohama via steamer to San Francisco, and rail to New York, the
quickest time yet accomplished. Sales of 2,842 pkgs. Greens, 3,300 Japans,
and 375 pkgs. Oolongs.
There have been no receipts this week.
The following table shows the Imports of Tea into the United States (not
including San Francisco), from January 1 to date, in 1870 and 1869:
Some
were
Black.
Green.
Japan.
Total.
16,845,209
9,346,094
89,596,141
13,246,202
17,655,045
10,177,784
41,079,081
importations, including receipts byP. M. Steamers via Aspinwall, have been 97,807 pkgs. since January l, against 36,819 last year.
COlrFEE.
1870
18,404,838
1889
The indirect
We do not find that any very
decided change has taken place in the general
position of the market for Brazil styles.
The demand has improved somewhat*
the part of holders, lately noticed in our
reports, continues, owing in part to the fact that a large proportion of the
'goods laid down here barely cover expenses at ruling rates, and as the end of
the year is so close at hand that many think it advisable to carry supplies with
a possibility of gaining some advantage when the new duty goes into effect.
Btiye s, however, also hope to gain something under the reduced tariff, and are
not greatly disposed to depart from the previoos cautious policy, most of the
current operations showing evidences of positive necessity in the way of wants
In a
toAr
;.v»
414.289
885,094
1#
326,616
204,581
84,466
38,517
MOLASSES.
general way there is scarcely a change to note on
the market for fo
ligljJ; call developed for export to Canada, hut it afforded no relief id
yond breaking the dull tone temporarily, and business still proves slow andmef
decidedly unsatisfactory to all holders. We retain former quotations for wulj
a basis upon which to make a change, hut all figures are nominal. -Holdert t
that no further reduction will be allowed, and as the accumulation i* uoti
unusually heavy, will carry over into the new year the remaining j
Domestic has continued plenty and a little irregular in price, though
whole, rather in sellers’ favor, as the demand from the trade prowdr
active, and afforded a good outlet for the offerings. There are consti
amounts known to be due at this point within a few weeks, but receive**!
hopeful of finding sale for it all without farther concessions*
present values as already low. Sales of 900 hhds. Cuba, 937 hhds. Porto ]
hhds. Demerara, and 3,762 bbls. New Orleans.
The receipts at New York, and stock in first hands, Dec. 8, were if W
Other
stock.
A
Imports this week
“
since Jan. 1....
••
same
.v
-
80,026
*hhds.
'
‘
97.300
time 1869
Demerara,
•hhds.
■,rn 38
P. Rico,
Cuba,
•hhds.
;
304
New York
Boston
277,402
21,028
372,840
85,971
SS.V75
Philadelphia...; 80,541
Baltimore
.52,522
New Orleans... 49,750
49,386
48L238
573,848
Total.........
82,076
-Sugar.'
*Hbds.1870.,
1869.
.
298,548 ' 828,728
82,522
68.090
r'"62,859
• 09,964
85.567
‘
5,482
'
78,251
1,746
8,587
1.438
,
ports
Bags.
?®32 '
224.208
84.704
J
V
25,744
KM
,4-^g-
786,218
795,132
290,501
:
9.815
534,923 ' 548,848
^•Including tieroes and barrels reduced to hhd».
.
16,158
181705
435
1,064
Imports of Sugar Sc Molasses at leading
The imports of sugar (including Melado),
from January 1 to date, have been as follows:
-Boxes.1869.
1870.
•hhds
2
ti&
4,861
10,256
26,300
23,169
^512
Stock in first hand*...;.......... - 6,586
“
“
same time ’69 10,515
same time *68 11,269
and the firmness and confidence on
....
59.242
38,170
bags.
bags.
888
32,662
82,013
93,471
'
TEA.
hands, Dec. 8, were as follows:
Other iBrazll, Manila, lleUdil
Cuba,
•hhds.
35
Cuba,
1869.
THE
Jjjpdubei 10,1870.]
SPI€ES.
CHRONICLE
Sept. 17
,
^*i£hi8 been a better demand for most goods and buoyancy to prices, with
jfte&itton shown In some quarters to become a little nervous and excited’
juie operators are pretty cool and tenacious of all the advantages
sellers before purchases are'flnally concluded.
Segment, as we have noticed for the past few weeks, is confined almost
Jr!w goods in bond, and In this way most of the desirable parcels are
manually seCTired, the impression daily gaining ground that the reduction
tsrlffwill affect cost very little, and that the consumption must materially
with the beginning of the new year. The supplies in the hands of
itSor dealers are reported as unusually small, the reduction having been
ubisihly be forced from
of an anticipation that the consumer
vrrtMfl in consequence
was
to obtain the
S!ll benefit of the lower rate of duty, and indeed some importers think there is
SW enough stock here to answer the call sure to arise after the 1st proximo
JJ&uinW this deficiency. Nutmegs appear to be the favorite goods at the
JL
*°
^ all kinds are good stock in the eyes of holders.
Sales of 400
cases
Nutmegs,* *,000 bags Pepper, 100 bags Ginger, and 650 bags Pimento.
'W t&kie 0'
‘Yangtze
"T6bch
J&SSSft?. -
**
*
’
Sept. 18
24
a-fj..ty;tvr
Sept. 28
Black Prince.
Sept. 80.... HLf’ Lfju....
7,580
ow....
Whampoa...
•*
640,579
783481
808,740
•^>838
710,784
....
Yokohoma..
588,579
Yokohoma,,
.1,892,458
For Boston.
742,901
255,886
41,990
31,093
706*712
710.784
Total known to be afloat..
Total exports to U.S. ports, June ...v.'....;3A6S,899
1 to Sept. 28.3,830,706
Total exports to U. S. ports, same time 1869...
*
29,231
W
29,746
mm s’iKWO
4,943,tifrrj,20014 IV
5,984,385
8,098,844 12,
1,100,275 5,019;
2,026,519
•
Rio Coffee.—By extra steamer we have advices
to Nov. H from Rio de
Janeiro. Supplies had increased since
report of 25th Oct., under the large
average receipts of 10,000 baga pep day, and 125,000 bags
comprised the stock
at date, A
slight decline was obtained'from holders, but an advance
id
change and the high rate of Freight ruling make coBt of coffees laid doin, ex"
down in
U. 8. fully equal to last quotations. Lots were
marked by the atnaii proportion
of fine
grades they contained.
Purchases for United States since Oct. 25.
106,000bags.
Sailed
44,
‘i,,
‘V
“ ;
93,200 *
»V.
Santos, Nov. 10.—Advices give the dally receipts’at *650
bags’ a stock of about
no vessel on berth for United States.
5,000 and
>
-jj ir.r v
*
-!•$
Java Coffee and Sugar.—Batavia market
report to Sept 30 gives the
result of the Government eale of the 27th
inst., the whole quantity
piculs being disposed of on a basis of 14.30 florins for No. 14.' of 125 000
There had
been a large business done in
sugars—purchases for the United
posed largely of Jacatra sugars, of which description there was States—com¬
a good stock
on hand.
The following shows the quantity
afloat for the Unit
States by
the latest advices, and which have not
yet arrived :
,.
.
FRUITS, &c.
Thae has
JJnion..
*oT
been a good demand for all kinds of Foreign Dried the past week,
md although no particularly large transactions are reported, a large amount of
coods have gone into consumption. Layer Raisins have further declined,
here and favorable advices from Malaga to low prices
shipments from thence. As there will be very few wanted on the
continent, on account of the war between France and Russia, the hulk of the
crop will be sent here, and we may expect low prices to rule throughout the
year. They are very cheap, however, and if it were not for the duty of $1 per
box would be lower than they ever were before. Currants meet with a good
demand, and very firm prices rule. Turkish Prunes have been freely dealt in
aMedby free offerings
»nd large
Date.
Coffee,
Vessel.
April
9
September 22.
196 lbs.
5,990
..
Sanderson
7,600
W ol 1 onp
September 20.
’SB
(pels)
Balhaguth
Fearies8*(for*Bo8t6ny.V.’.'.'
*
10,666
Becherdass .AmbaldasB,
for Boston
Lizzie, for Boston
Lech Awe
■*
J9 l
3*486
_
-• "*
JL
• • • •
September 7
42c., currency. Sardines are dull, heavy, and lower, September 80....
though there have been no actual sales, and the price quoted is merely nomi¬
Total piculs of 136 lbs.
nal. Nuts are in fair request, and remain very steady in price.
23,590
25^86
Thereisagood supply of foreign Green fruits from the West Indies, which
l'
^Tot sailed at last dates.
ifl
sell very slowly at $7 per bbl. for Porto Rico Oranges and $8 for Havana selected;
Jngar.—The market for sugar in England from the Product Market Reuimo
of Nov. 26th appears to have been
very favorabley affected by the change in
SObbls. sold a day or two since as they arrived at $4 per bbl.= Box fruit from
duties, which went into operation in April last: The
the Mediterranean is coming in more freely, but Lemons are not plenty, and
principle ftLsml the
gradation system, but the range between the highest and lowest
nqmbersijis
bring higher prices, selling from store at $6 50@$7 per box. Considerable practically of slight importance. Naturally this has led to a
large?
fine
grocery grades, and home consumption for the year to Nov. 19 u6Cof
Grapes have been disposed of at auction at $4 per keg. At auction to-day crease of
shows an in¬
48,000 Jons oyer 1869, (for the four principal ports in Great
Palermo Lemons brought from $1 50 to $6 62# per box. Sorrento Oranges while the total
Britain)
receipts for same time have been 67,000 tons greater. With* a
from |S 10 to $3 90 per box, the latter price for new, and Valencia
Oranges $10 stock on hand at date of 22*549 tons, (against same time 1869, 7,404 tone) com¬
posed almost exclusively of low grades, the market would seem to be In a
©lUper case. Cocoanuts are not plenty; San Bias sell at $75 per M. There to
state
take the coming season a still greater
proportion of finer class of sugars. *
ire no Baracoa in market
atldc. Citron is firm at
....
HI
'
r
Trade in Domestic Dried has been on a limited scale. The supply of common
is large, and even at very low prices are not wanted ; fine grades
are not so plenty, but are in ample supply to meet all
inquiry for them. Prime
pared Peaches arejin demand; about all the crop has come forward, and are held
by’iectoid hands at foil prices; Inferior kinds are dull at low prices. Unpared
aw not plenty nor in much demand: the Western
trade, which we usually have
ibott thls season, went directly to Tennessee and
bought for themselves, one
sorts of Apples
Ann Alone is said to have invested
PaGheA Blackberries
$50,000 there in unpared half
dull and lower, but some of the
are
largest holders
wfasetosell at the present price. Cherries are in steady
demand, and firm in
price; Masks though of any importance have been reported. Plums are in
to fequeat; 20 bbis. Southern sold
yesterday in one lot at 10)$c..per lb.
Pecans are steady, with moderate sales at 12X@13c.
per lb. Peanuts meet
liftteettles, and prices are firm, and for Virginias the tendency is
up.
TOllh.&fts are at $2 60^ 70 per bushel for Wilmingtons, and $1 75@2
15
forVlqglnftg. Some sales have been made, to arrive, at the highest price.
POmestic Green fruits are selling pretty well. Apples are
freely
offered, as
ths weather has been
unusually warm, and a very great many are rotting badly
dealers have been free sellers, preferring to make a small reduc-
tJop.opjjgesent rates to holding and making a loss by stock
•
rotting.
Cranber-
ties sre, if of, prime quality, in some
demand, many lots of poor quality are
Grapes are in fair supply, and if prime, bring full
W? quote: Apples, best selections, $2 50@2 75 per bbl.; fair to good
do, $175@2 25 Newtown
Pippins, $3 50@4 50; Lady Apples, $6@8 00 ^Catawba
Gfcpefl, l*@15c per lb. ;|Cranberries, $3 50@4 00 per
crate, and $11 00@13 00
jotybelow the market.
Change in
the
Tariff, Jan. 1, 18T1.
Present rate gold.
per lb,
2§c.
ivm>
P
U
#
##
MoUttwi*” (grocefy krad'es).V.V.V.V.V.V
ZwtSCairartirand
Prunes.
..*.*.*.***
....;
u
5
“
3)$ and 4
......ad val.
out*....;;.
»U|
Ph
Apples.........
*
,
•'tAiijh. ’
'
«wes
.
•
■
s
Deyana?! ,*
iftSi
I fz Minuet.
^
5
2
20
Amoy
25
.
’”
t§^pn,::.....
9
.
/>
fSpaftetress...
Amoy^
Whampoa...
Yokohama..
365,367
828,414
16,950
10 p.
20 p.
20 p.
10 p.
20 p.
Free.
Free.
c.
c.
c.
c.
c.
Japan.
Hyson, Common to fair
do
do
Superior to fine....
Ex. flnejto finest
Young Hyson, Com. to fair.
do
do
lbs.
lbs.
283,398
S5743i
857.581
865,867
841,497
86,950
18,083
865,740
157,819
269 479
785,256
>
81,629
514,327
440,409
735,256
466,8 0
32,109
514,827
are
Hands.
Fraction
a
90
55
65
Ex.ftnetofluestl
Gnnp. & Imp., Com. to fair.
do
Sup. to fine..
do Ex. fine to fluest.l
Hyson Sk. & Tw. C. to fair.
do
do
Sup. to fine.
aidps
70 :@ 75
70 @ 75
80 @ 90
do
Ex. f. to finest. 95 @1 15
Oolong, Common to fhlr.... 60 @ 70
do
Superior to fine.... 75 @ 95
do Ex fine to finest... iL 66 .@1 40
Sonc. & Cong., Com to fair. 60 ~ "
do
Sup’rto fine. 75
do
Ex. r. to finest.1 00
Tw’kyEx. I. to fin'st
Uncol. Japan, Com. to fair.,
do
f Snp*r to fine...
60
@
70
95
@1
@1
@
@1
25
45
at 70
@ 60
62
@
15
00
50
90
15
„
68
come.
.
..
f
*f *„f>17H®17X l Native Ceylon
gold. 173$@i*
16*@16* i Maracaibo
gold. 15H®lf)4
15X@15>4 Laguayra
gOid. 16)4®18^
14^®15
St Domingo, in bond....gold.: 834® 9
20>4®23 I Jamaica
gold. 14 @16
t
Rio Prime, duty paid
goT.d.
do good.....
.gold.
do fair
..gold.
do ordinary....
.gold.
Java, mats and bags......gold.
refining.... 9^@ 9#
good refining.... 10 @10?$
prime
'.
7...@103$
com.
Hav’a, Box, D.S. Nos. 19 to 20.. 12?$®l$3$
Havana, Box, white....
12i$®133$
Porto Rico, refining grades.... 9?$®re3$
do
grocery grades.... 10?$@ll?$
fair to
.......
fair to good grocery....
pr. to
choice
.
grocery... 11
@11?$
9)$@113$
centrifugal, hhds. &dxs.
Melado
do
5
molasses..
I5rflZll,
9>$
@
do
do
do
do
do
do
do
do
8V@10
9?$@ 9?$
10tol2.. .,..@103$
;
V gall.
.
do
cases
do
do
do
do
-
Layer
Mgs, Smyrna
Iviea...,..;
Sicily, soft shell..
Shelled.Spanish.
paper shell
..fthf. box.
ft qr.box.
12. @123$
...i@l4}$
3
62
14
@14J$
-20® 02
Cuba centrifugal
18®
English Islands.
® 33$ I Carolina (new)
7
47 @
1 28
41
10
@
....
16
1
I
13
19
93$
20
8
**.
do
BrazilNuta.......
Filberts, Slcllv..:
isa-*1
do
Barcelona..
Peanuts...
Walnuts, Bordeaux
Macaroni, Italian
I African
@3 75
@ 11*
@ 42
1
@
I
@
@
@
73$
Sit
do
{
in bond
do
I Cloves.do
@1 80
12*f@
18fc@
20
40
25®
HI ee.
12
3 50
ft ft.
133$@13*
\»12’j$'@13
47
n>
Almonds, Languedoc
do
Tarragona
iru
-
Crack, beat No
1 ft box
S
I \i*
50(4
DOXR8TIO DRIED TRITITS.
j Apples, States
|
do
J•
do
do
do
Western
....ft ft.
Southern,
prime
.7
common
®
@
33$ <d
6
7
Mlced..
@
®
9 00® 9 50 I Peaches,pared.............’.' 17 @
@ 133$ I
do
unpared, qrs & hlvs '? 6)$®
19 @
Blackberries
9
....
,...@
....@
82 @
80 ®
83 @
19 ®
18V
183$
....
82
....
20
_
Cherries pitted
Pecan Nuts
19 ® 20'
V ft. 123$® . 18
Hlokory Nuts.......ft bnah.2 Q0 @2,50
Peanuts, Va,g’d to fncy do 175 @915
do
eom.tofalr de 1 » @l'5n
do Will’d to best do 2 35
@2 75
Grocers’ Drugs and Sundries.
ltun.
1-Garb, Soda (Eng.)
Borax...
Sal Soda, Cask
S3$@
mpperks.......1.
Camphor. lu bbls.
Camphor, In bbls....,
Castile Soaps..
*«,
Indigo,Madras
do.!
,,,
21
@
®
16
96
gold. 11
1*3$
gold.l 15 @1 18
Manilla.gold..'K> @1 15
Cordage, Manilla, 3$ and ?$., 21)$@ g
do
do
•
73 @
113$@
,,
Sic. Licorice....
Calabra Imitation
Madder.
Saltpetre.’,*.*..’.’’ * * .*.’.* *.’ * .* .*
1,495,315< BpsomSalti
extra C
rices.
9
Chernes German
Canton Ginger
SardlneB
Sardines
B
do*
l 00 ®i;02
Penang....1 03 @1 05 .
do
in bond
Fruits and Nuts.
Currants, new
ft
Citron, Leghorn
Prunes, Turkish, old
Prunes, Turkish, new
do
do
do
do
is>$@!33$
do
*
Yellow sugars.......
Crushed and granulated
88
Layer, 1870, » box.2 573$@2 60
Layer, 1869,box.. 2 00®2 10
Valencia, ft ft...... 133$® 14
London
t,
;8?$@tio
Powdered.......
molasses.
60® 70 Cuba Clayed
85®
20®
Radgoon, dressed, gold in bond
do
do
18 to 15.102$@11?$
16 to 18.. 11?$@12?$
New Orleans new
Porto Rico
Cuba Muscovado
u
Manila, bags
White Sugars, A
Hav’a, Box,D. S. Nos. 7 to 9...
do
.
Sugar.
Cuba, Inf. to
do
do
do
do
do
do
Duty
H. Sk. A
@ 66
@ 85
@1 25
70
Super, to fine.
381425
Shanghae.... .59,640 1435,715
56
Prunelles
Dates
Total.
Prices
-tec-a?
:
First
;
.-Duty pald-
Ralslns^eedless.newVmat.6 00 @
_
Lots
<
Tea.
do
Free.
X
Free.
157,819
466,860
480
Pnrcnase.'of Small
Nutmegs,casks.ii..-
5
10
288,898
koht~
'Yokohama..
Shanghai....
Shanghai....
Whampoa... 70,000
Amoy
Amoy........
Yokbhoma.. .1 .'i
Foochow.... 269479
Amoy. .w.... 440,409
Yokohama..
Ilfglker.
Mace*.
-CARGO.
Green.
lbB.
On
PRICKS CURRENT.
are Ruling Quotations in
Cassia, Incases.. .gold V n>.
Cassia, In mats...
do
Ginger, Race and Af (gold)
States
Francisco), and which has not yet arrived:
From.
.
ftS&StfilSfe
vv..
23$
10 p. c.
Name of
Following
tlie
5
^nig^he quantity of Tea afloat for the United
Vessel.
Ocean Gem...
I* 1
23$ and 2%
'““EIGN All VICES.
(not including San
{,
8
8
5
15
5
50 *
40
20
20
3
1
20 p. c.
25 p. c.
25 p. c.
25 p. c.
80 p. C.
25 p. c.
10 p. c.
..per
New rate gold.
15c.
•
The
;
Sisal,
:
do Bed Cords
Juto
do
..
Large sizes. 21
I
,.i.
^
@
@
>1%
w
@2 50
THE DRY
GOODS TRADE.
Friday. P.M.,
good for a period bo near
* ^
Bart"
this season of the year.
financial condition of the trade is still reported as being satisfactory. Collections are generally prompt, and the percentage
losses does not seem to be greater than usual. , A few
is usual at
The
Commonwealth O 27 8, Grafton A 27 8, Great Falls M 86 n
do 8 88 10, Indian Head 86 18, do 80 11$, Indian Or
A 40 18$, do 0 86 11$, Laconia O 89,12 do B87ll$
A 86 11, LymanO 36 10$, d> E 8* 12$, Medford 86 11$.
O 38 11$, do 86 18, do E 4018, Newmarket A 86 10$, Pacific txh
86 12$, do L 86 11$. Pepperell 7-4 22$, do 8-4 25, do 9-4 29 do l(U
84, do 11-4 42$. Pepperell E fine 89 12$, do R 86 ll$,PocaesetFxft
8f, Saranac tine O 88 11, do R 86 12$, Stark A 86 124
River 86 9$, Tiger 27 7$.
Bleached Sheetings and Shirtings are in only moderate request
and continue weak, with a partial revision of prices during the week
Amoskeag 46 16, do 42 16, do A 86 14$, American A 88 12$ Andros
coggin L 86 15$ Arkwright WT «6 18, Ballou A Son 86 124
letts 86 14$, do 88 13e, Bates XX 86 16^(3)18, Blackstone 36 141
Boott B 86 18$, do O 30 11, do R 28 8$, Claras 86 19, Jwight D 40
18, Ellerton 10-4 45, Forestdale 36 16, Fruit of the Loom gfi
16, Globe 27 7, Gold Medal 86 12$, Great Falls Q 86
Hill’s Semp.Idem 86 15,Hope 36 12$,James 86 16, Lonsdale 86 15.151
Masonville 86 16, Newmarket C 38 13$, New York Mills 86 20
LawJ^.
NashnTfin
December 9, 1870.
the close of the seaeon, and the movements of the current week, in some lines, are
larger thaw for two or three weeks past. The near approach of the
holidays has doubtless stimulated the demand from consumers, in
all sections of the country, and the number of orders from the
jobbing and retail trade in the country has been larger than for
some time past.
The bulk of the business has been with the
West, though some of the more remote sections of the South have
ordered considerable quantities. The demand is still chiefly con¬
fined to small lots. The near-by and city trade are doing a mod¬
erate business in the way of replenishing stocks, and the aggre¬
gate movements in this direction foot up as large an amount as
Trade continues
of
small fail¬
are reported in the West, and one or two important houses
in Chicago are reported as having suspended. The amount of their
ures
assets
and liabilities are
not stated.
Goods.—We note a fair demand for brown
and bleached cottons, in small lots, to fill broken assortments, or to
supply actual demands. Heavy cottons are quiet, few general
assortments being called for, and sales being limited in all instan¬
Domestic Cotton
biri in
immediate wants. Prints sell with relative freedom,
these, as in all other goods, buyers limit their purchases,
a
view to reducing their stocks as much as possible before the
expe¬
accounting of stock, on the first of January. Prices
tone
rienced few changes since our last review, though the
of the market seems rather weak. We hear rumors of an advance
ces
[Deoember 10,1870.
CHRONICLE.
THE
768
to
with
usual
have
general
Pepperell 6-4 26, do 10-4 89,
Tuscarora 86 18, Utica 5-4 2i
Waltham X 88 11$, do 42 lfii
do 6-4 32$, do 9-4 61$, do 10-4 56$,
do 6-4 26, do 8-4 27$, do 9-4 82$,
Printing Cloths are in fair
64x64*8, on hand, are quoted at
for at 7@7$c.
do 10-4 40; Wamsutta 86 19.
demand, and continue firm. Standard
7$c., while future deliveries contracted
stocks are considerably reduced,
well sustained. American 10$, Albion solid 11, Allens
10$, do pinks 12, purples 12, Arnolds 8$, Atlantic 6, Dunnell’s 10f,
Hamilton 11, London mourning 10, Mallory 11$, Manchester 10$
Memmac D 10$-ll, do pink and purple 13$, do W fancy 12$,■Oriental
lOf Pacific 11, Richmond’s 1C$, Simpson Mourning 10$, Sprague’s
pink 11$, do blue and White 1($, do shirtings 10$, Wamsutta 7$
Checks.—Caledonia 70 22$, do 60 24, do 12 26$, do 10 21, do 8 18
do 11 22$, do 16 27$. Cumberland 13, Joa Greers, 65 16$, do 65 18
Kenoebeck 20, Lanark, No. 2, 9$, Medford 13, Mech’s No. A 1 29.
Denims.—Amoskeag 26, Bedford 14$, Beaver Cr. A A 23, Colombian,
heavy 25, Haymaker Bro. 14-16, Manchester 20,Otis AXA 24, do BB 21,
Prints
continue in good request, and
while prices are
li$, Androscoggin 18$, Bates 9@10,
Imp. 10, Laconia 11$. Newmarket 10.
in prints, however, but are unable to ascertain, upon inquiry of
Cotton Bags.—Ontario A#85@40 00, American #81 60, Aodroecog.
the agents for several of the more prominent brands, that they
gin $87 60, Great Falls A $85 00, Lewiston $35 00, Stark A $85 00.
contemplate advancing their prices at present. The prints now
Brown Drills.—Atlantic 14, Appleton 18$, Ameskeag 14, Augoita
selling are, in most instances, printed on goods purchased previous 14, Pacific 14$, Pepperell 18$, Stark A 14.
to the recent advance, but the supply of these goods has been
Strifes.—Albany 8$, Algoden 16$, American 12-13, Amoskeag
20-21, Hamilton 19-20, Haymaker 18$-14, Sheridan A 10$, do 011,
nearly run out, and printers are beginning to use cloths which cost
UncaBville A 12-18, do B 13-14, Whittenton A A 22$.
them seven cents and upward. In view of this fact it is obvious
Tickings.—Albany 8$, American 14$, Amoskeag ACA 80, do
that a material rise in the price of all standard prints is rendered
A 24, do B 21, do C 19, do D 17, Blackstone River 14$, Conestoga
probable, even before the opening of the spring trade.
extra 82 21, do do 86 26, Cordis AAA 24. do ACE 28, Hamilton 21j,
Woolen Goods.—The trade in these fabrics continues about as Swift River 18$, Thorndike A 15$, Whittendon A 22$, York 80 22$.
Ginghams—Clyde, 11$; Earlston, extra, 18 ; Glasgow,14; Gloucester,
last reported. Agents are not generally displaying their samples
18 ; Hadley, 14 ; Hampden, 15 ; Hartford, 18 ; Lancaster, 15; Lanciof new light weight cassimeres, but are receiving considerable
shire, 16; Pequa, 12$; Park Mills, 14; Quaker City, 14.
quantities from the mills, and are preparing for an active trade
Mousseline Delaines.—Pacific 18@20, Manchester 18, Hamilton 18,
after the 1st prox. The trade in cloths is not heavy, but the pro¬
Tycoon reps 28-27$, Pacific Mills printed armures 19, do Imperialrepr
duction being limited, agents are able to place all the goodB made} 22$-27$, do aniline 22, do plain assorted colored armures 19, do ds
and some of the most favorably known makes are sold ahead. Orientals 18, do do alpacas 21, do do corded do 22$, Merioo A 82$, Ai
Clothiers are taking old goods freely where they are offered, at a 87$ AAA 42$.
Carfetb.—Lowell Company’s ingrain are quoted at $1 for snp«slight concession, but will not purchase heavily until the dull fine, 2 mos. credit, or leas 2 per cent., 10 days ; $1 15 for extra super,
season, when the hands employed by the retailers in making up and $1 42$ for three-ply ; Hartford Company’s $1 for medium super¬
fine ; $1 12$ for superfine ; $1 42$ for Imperial three-ply, and $1 Hi
clothing are idle.
for extra three-ply; Brussels $1 80 for 8 fir., $1 90 for 4 fr., and |l
Foreign Goods.—The jobbing trade in seasonable dress goods
for 6 fr.
continues fair, some of the more popular styles selling freely.
Satines seem to have improved somewhat of late, as they have be¬
IMPORTATIONS OF DRY GOODS AT THE PORT OF NEW YOBI
come more popular among consumers, and there is more steadi¬
ness in the prices, though the stock is still large.
In cloakings The importations of dry goods at tills port for the week endingDecj
9, 1870, and the corresponding weeks of 1869 and 1868. have
the demand is mainly in plain beavers, chinchillas and velveteens, follows:
the majority of the fancy cloakings, and especially velvets, being
ENTERED FOB OOMSUMPTION FOB THE WEEK ENDING DEC. 9, 1870.
1869.
1868
18W-* .
Tendered slow of sale by the immense run which velveteens have
Pkgs.
Value.
Pkgs. Value
Pag*- VjM
had. These last named goods have not sold so freely during the Manufactures of wool... 335 $119,968
858 $117,473
484 I!®']
do
cotton.. 855
98,659
5n7
125.794
7»
current week as for some time previous, but the stock having
Silk
258
194,787
884
187,853
*79 M
do
been greatly reduced, prices arejwell maintained. White goods
020
do
flax
141,838
8,963
135.117 1,000
74,827
646 122,524
423 M
and laces, especially adapted to the holiday trade, sell freely, both Miscellaneous dry goods. 2>?
Total
{fill $629,574 6,809 $688,250 2,865 S*
in and out of the auction houses.
The exports of dry goods for the pa«*t week, and since January WITHDRAWN FROM WAREHOUSE AND THROWN INTO THE MABXIf W
THE SAME PERIOD.
1,1870, and the total for the same time in several previous years Manufacture* of wool... 175 $58,893
3P6 $85,901
8J0 7a,
do
cotton.. 64
16,104
45
9.550
M
are shown in the following table:
do
Silk
89.517
40
68
26
43,040
Corset Jeans.—Amoskeag
Everetts 16$, Indian Orchard
beem
,
•
—*
-FROM HEW TORE.-
Dry Goods,
Domestics.
pkgs.
Total for week..,.
Slace Jen. 1,1870...
Same time 1869
44
*
1868
44
44
1887
44
44
1886
44
44
I860.....
603
18,998
90,063
93,482
19,148
9,864
84,019
Val.
#104.041
1,693,850
9.161,415
1,468,406
1,506,991
packages.
43
8,029
5,881 -
4,779
6,658
FROM
BOSTON
Domestics.
Val.
Miscellaneous
drygoods.2,068
7,496
Total
Add ent’d for
consult'd,811
#4,977
949,601
1,057,174
1,49'3,406
1,990,830
6,413
7,098
10,0 S8
4,365
83.643
particulars of leading articles of domestic
quoted being those of the leading Jobbers :
Brows Sheetings and Shirtings are in relatively fair request, with
prices steady and unchanged. Amoekeag A 86 12$ do B #6 12,
Atlantic A 86 18, do D 11, do H 12$, Appleton A 86 18,
Augusta 86 11$, do 80 10, Bedford R 86 8, Boott O 84 11,
We annex a few
manafactnre, our prices
552
flax
do
pkgs.
Qfi70
Totalth’wn upon m’rk’t
4,681
do
do
do
wool... 212
cotton.. 106
20
Silk
flax
220
Miscellaneous dry goods.
46
*620
Total...
Add entdforconsu’pt’n.1,811
Total Mrtmditth. port
23,289
1,908
42
WAREHOUSING DURING
ENTERED FOB
Manufactures Of
880;
"P
$217^449 2^299 *$21M95 .Jg
629,674 > 6,809 689,260 *iOfio
1647,023 8,108 $908,655 8,858
79,630
$72,892
84,887
15,101
08,?03
19,298
$205,101 '
629,574
i«i *£vr"»
241
210
88
899
68,595
8,309
THE SANE PERIOD.
$81,464
45,792
61.488
145,223
J4J
2JJ
lg*
19.498
$86M60 Agg
6,809 6h3i260 A*”
SSS ♦l.oa.wo' W*
685
10,1870.]
THE CHRONICLE.
Life Insurance.
Miicellaneous.
Cartwright & Warner’s
s
.
f
f
769
Transportation.
GREAT
EQUITABLE
LIFE
ASSURANCE
Patent Merino
OF THE UNITED
Southern
SOCIETY
Undervests,
Drawers,
AND
-
-
-
-
-
-
NEW
ORLEANS, MEMPHIS,
«
WILLIAM C. ALEXANDER,President.
HENRY- B. HYDK’.Vlce-P eeldent.
GEORGR W. PHILLIP-*, Actuary.
JAMES W. ALEXANDER, Secretary.
Leave New York
hosiery.
labor variety
At 8.40 A.M. for RICHMOND, and Points on the Coast.
At 9,20 P.M. from foot of Cortlandt street, via New
York and Philadelphia Line, by GREAT SOUTH¬
ER* MAIL ROUTE TRAIN, for Richmond. New
of
Orleans, Mobile, Memphis, Chattanooga, Naan villa
Atlanta, Maoon, and intermediate points.
Goods,
New
“
The most Popular German Writer of
the Last Half-Century.”
STATIONS.
AT
THE PUBLISHERS OF
iXTREMEIiY LOW PRICES.
Littell’s
Take
Living
Age
J. S. & E. Wright & Co.,
NEW YORE.
street
•».
BOSTON.
HI Chestnut street...
PHILADELPHIA.
SFranklin street
*CLKVEl.A
AGENTS FOR
most
popular Germau writer of th
■
D
•»
Mfg. Co.,
Colombia Mfff. Co.,
ly liam it for the sole purpose of reading Reuter's
work's.
Reit i’eb Is especially noted as the rare humorist, the
genuine poet, and the fascinating delineator of the
lu es of his Platt-Deutsch neighbors, and as such Is
probably more beloved than any other German author
continue it trom week to week until it is finished.
THE Living AGE for 1871 will also contain serial
Androscoggin mills,
Continental
mills.,
Warren Cotton mills,
Lasonla Co.,
Boston Dnhk Co.,
Franklin Co.,
Tkorndike
stories by
GEORGE MACDONALD
and other distinguished Engl.sh authors, together
with the ui*al amount (unequalled by any other
periodical) of the beat literary and scientific matter
Of the day.
The last two numbers of
Co.,
Cordis mills.
ORLEANS
Manufacturers and Dealers
In
COTTON SAIL DUCK
And all kinds ot
CANTAB, FELTING
DUCK. CAR COVER.
DUCK, 8AIL TWINES
SEAMLESS BAGS,
44 AWNING STRIPES.”
:
THE LIVING AGE
and Colors
SATURDAY, it gives fifty-twe
slxty-lour p* gts each, or more than
Three Thousand Rouble-Column Oc¬
numbers of
tavo Page*
of reading-matter yearly; and is ’he ONLY COMPIL
AllON th a c presents, with a 8 a TISFAC l oRr COMPLETKNEsSs as well asiresbness.the best Essays, tie-
views, Crltlc sms,'tales, i oetry,cclentlflc,Biographi¬
cal, historical, and Political Information, from the
entire boay oi Foreign Periodical Literature, and
from the pens of the
Ablest Living writers.
It is therefore indispensable to every one who wishes
to keep pace with th- events or Intellectual progress
of the time, or to cultivate In himself or his family
The best ot all
United States Banting Company.
lupply all Widths
ISSUED EVERT
general L ie iligence and literary taste.
The Nation, N. T., pronounces
”
Also, Agents
A tail
The
always In atock
13 6c 15 Lispenard Street.
our
Stoker, Taylor
&
JT. B.
PACIFIC
ffrfitRm&J’1111® ?Ul8
Bt!?H
YORK.
on LONDON. LIVERPOOL,
BREMEN
SWL DUBLIN. PArflS.
^vuWa^?cLIN’ f^ankfo^t-dn*the#J®j8^On6s Jhd GOLD BOUGHT AND SOLD
^^JSCTIONS
made In all parts of
Club of five New Subscribers.
and
18 PINE
**ottat«
Dollars, LIT I ELL'S LIVING AGE,
lprjjneypsr: viz.,-—
o
,w»
*»
w
wurn^
,
»—»i
i
m
■
»v*
Address
as
S
above.
or
Porta
L««vePDER 43 NORTH RIVER, toot of Canal street
0 clock
noon, aa above (except when those dates
#
1
V141
for A8PINWALL, thcn on tn* preceding Saturday),
connecting via Panama Hallway
with one of the
Company’s Steamships from Panama
for SAN
FRANCISCO, touching at MAN® ANILLO,
at
Panama with steamers for
FACI™ AND central American
ports.
One nundred pounds,
baggage allowed each adult.
Baggage-masters accompany baggage
through, and
attend to ladles and
children without male protec¬
tor®*
Baggage received on the dock the day before
sailing, from steamboats, railroads, and passengers
who prefer to send them down
early. An experienced
on
surgeon
board. Medicine and attendance free.
For D&ssage tlcl eta or mrther information
apply to
the Company’s ticket
otfice, on the
Canal street. North River, New York. wharf. Toot of
F. R«
BABY, Agent,
Liverpool,
or
(Yla
Queenstown,)
THE LIVERPOOL AND
GREAT
WESTERN
STEAM C"MPanY will
dispatch one of their firstclass full-power Iron screw
steamships from
PIER No.46 NORTH RIVER, EVERY WEDNESDAY
as
follows:
MANHATTAN,Captain Forsyth..^ec.
Yl1NG,
l
L
10,at 7
AM
^ap.t* T-W-YreemanDec. 14, at 10* A.M.
aptaln Whiner ay. ...Dc 17,
IDAHO, Capt. Price
l^PM.
Dec. 21. at 8
r Jf
NEVADA, Car tain Green
Dec. 26, at 10KP.M.
Capt.T.F.Freeman Jan. 4, at
WISCONSIN, Capt. Williams
Jan. 11, at
Cabin passage, $80 gold.
For
’or
freight
29
or cabin
WIlLIAMJ
Broadway) $80 cur¬
?ly to
l. No. 68 Wail-st.
J. F. Mitchell,
COMMISSION MERCHANTS.
Of the State of Illinois, bearing interest at
EIGHT
and ten per rent, tor s*le at 85 and
Inter**; for 8 per
cent, 90 and Interest ior to per cent.
P
For particulars inquire or
Iaocom.ttT..,
laaartaRe
China,
On the 4th and 90th of Each
Month,
C. B. &
A
TOWN BONDS
tUkuigM, connected witfc
5.30 pan.
7.00 aan.
CARRYING THE UNITED STATES MAILS.
Steerage passage, (Office No.
STREET,
**4el Ra,1*>
6.45 aan.
44
ajto
rency
_
Age and The Riverside Magazine.
For
tefrattfor*114 I*0aia* ft>r Railroad Cos.,
I
Address,
cnntalnl g the cream of Foreign Periodical weekly
Litera¬
ture. end either one of the
leading Magaslnes of
Home Literature named below, will b* sent
to one
address
Oar Young Folks.
merchants,
44
44
Touching at Mexican
says,—
The best Home and Foreign Literature
at Club Prices.
JO. lb# Living
BANKERS
4.87
7.25 ran.
7.55 a.m.
44
CARRYING THE UNITED STATES MAILS.
Europe.
M,K. Jesup & Company,
44
44
YATES,
To California &
e.very
,
8JO
13.15
44
eclectic publications.”
Philadelphia Press
merit, it ib the cheapest magazine lu the land.”
Published weekly at $8 OOayear, free
of postage.
Jn extra copy sent gratis to
anyone getting up a
For Ten
5.44
44
aan,
pan.
pan.
pan.
p.m.
pan.
MAIL STEAMSHIP COMPANY S
-
LITTELL 6c GAY, Boston.
NEW
44
THROUGH LINE
“Frankly speaking we aver that‘The Living Age*
equal in any oountry.”
BANKERS.
STREET,
aan.
44
44
pan.
aan.
a m.
General Eastern Passenger Agent.
The
Co.,
10.10
a m.
M
Intermediate poims.
t ChaLge oars for Naahville and New Orleans. No
change from this point to New Orleans,
t Change cars for Mobile, via M. & O.R. R*—All Ball.
I Change cars for Memphis.
**
Change care for Vicksburg.
has'ho
44
8.00
7.28
U 15
8.2?
4.46
0.00
44
*
now-H-daj
NA88AU
1503
8.00 pan
Time.
AT. 6.19 aan.
44
9.00 p.m.
44
12.46 pan*
“
Change care for Atlanta, Macon, Montgomery.
Selma, west Point, Eufauia, Mobile, Savannah, ana
1870, containing the begin
ning of GEORGE MACDONalD’3 story, will be sent
gratis to all new subscribers for 1871.
Mure than ONE hUNDkED VojlUMES of
have beeu Issued, and It admittedly ” continues to
stand at the head of Its class.”
Brinckerhoff, Turner &
Polhemus,
“
SO’OHOBTH.
last half-century.”
Hiss orles are written In Platt-Deutsch, adl*ltci of
North Germany ; and the En-:liS" w< Iter Chat lea Lee
Lewe-i says that ” the Germans of tbe more Southern
Sta es, w ere Platt-Deutsch is unknown.now frequent¬
The iale in question is one of his best
important works, giving Its readers, with
Its other entertainment and profit, a charming ac¬
quaintance with the quaint, Interesting Platt-Deutsch
people.
with the translation already complete in their
hands, the undersigned will begin its publication in
the A st number of THE LIVING AGE tor 1872, and
Bate*
AC. “ONTARIO ’
1137
Ar. 8.35 a m.
140 p.m.
.1858
of the day.
Otii Company.
WO,BAGGING, RAVENS
952
1055
MONTGOMERY
MOBILE., j,
NE
and most
Pepperell Mf&. Co.,
SOUTH.
7 lme.
Lv. 9 0 p.m.
“
6.53 a.m.
“
12.55 p.m.
“
6.00 a.m
”
1.14 p.m.
44
5.55 p m.
“
8.C0 p.m.
828
tCHaTTANOOGA... 850
NASHVILLE
1001 Ar. 5.t0 a.m.
066 Lv. 9.00 a.m.
iCORINTHj.
fGRAND JUNCT1ONIIO7 “ 11.62 a on.
MEMPHI8
1159 Ar. 2.55 p.m.
••J aCKSoN
13 9 Lv.11.45 pan.
'
MACOH
No German author of the present time Is more popn
lar luhis owu country thanuxui**. Be is pronounced
by a competent German critic to be deservedly *• the
834
610
74*
ATLANTA.....
REUTER.
22$
..
Knoxville
pleasure In announcing that they will begin,
FRITZ
j)| AM Franklin
WASHINGTON
GORDON8VILLE..
BRI8 lOL
dUtiuguistud Platt-Deutsch Poet and Novelist,
Broadway.
GO G
Miles.
0
NEW YORK..,.
with the New Year, re publication iu tbelr Mairasine
of a-er al siory, entnl n 44 krd-Timb and HiBvm.
or, During my Apprenticeship,” translated specially
for tueoi from me “ Ut MbinB Stm MTii>,r of the
Union Adams & Co.,
No. 637
-
.
6,000,000
SAMUEL BORROWS., City Manager.
i
AND
MOBILE-ALL RAIL.
$19,000,000
-
Route
TO
STATES,
118,118,130,133 A 134 BROADWAY, NEW YORK,
Assets over
Income -
Mail
PARKSRAAAWBBiroB,
RaUways
NO.
-4
)
^SJ£*S'TBS»T.
•7 6c 80 Leonard
Street, New York,
manufacturers
agents
For the Sale of
COTTON 8 AN JO
WOOLEN 8.
I
aJ.o.i
—Insurance.
rr.T.
OFF ICE OF THE
*»
L
«
*
‘
“ho.”’da
ATLANTIC
*-•'
,*;«• ~ r/T’Tr
~
.sr1:
o
;•
-
*s#SV.-irr>v*-
•?
• •
•
„
--
-
r
-X
Co. Astna Insurance Comp’y
CONN. “
1
Cash
D*J®1V
Tk* Trustees, tm conformity tfth©charter of the
Company, aubmlt the following SUtament of Us tffstn
•a the list Daccmbar, 18091 »
' • * u!! '• 1?
Rif YOBK* JaBBtrj
Premium# rsoslrsd
1st
'
January, 1881, to 81st December,
Premiums on] Policies not marked
Jaaaary, 1889..
H
Springfield
$936,240 65
A**et*.^.^rr.
t&MDl *•
*—
$8,631,639 9$
Providence
INSURANCE
Mo Policies bare been issued upon
Bisks,vnor upon Fire Bisks
•*
<i
•!/.•
■
Life
.
«i
r.
.
tOARId
1889, to 81st December, llflfli..............
•
Losses paid during
the same
by Stocks and otherwise...
Beal Estate and Bonds and Mortgage*....
210,000 00
the Company, estimated
$372,219 38
jar* THE FOLLOWING STATEMENT OF THE
Comply la published In conformity
withthe requirements of Section 12 of its Charter:
Outstanding Premiums, January 1,>
OOOOO
•••♦•*•••
•«.’•..f...$104,463
1869..
Premiums received from January
1 to December 81,1889, inclusive
.....• •
Total amount of Assets..
.014ABBJ08M
•
•
•
46
legal representatives, on
First of February
The
or
Hull# of Vessels.
up^n
Premiums worked' off 'as Earfied, during the
period as above../
v;
...$608,880 22
Paid for Losses aud Expenses, less Savings,
824JM4 50
Ac., during thesune period.,
Return Piemiums..
86,697 08
is*
outstanding certificates of the issue of 1186 win
their
redeemed and paid to the holders thereof; or
M
legal representatives, on and after Tuesday, the First
>
on
'
Assets: j
Cash in Bank
........
$86,015 51
Unii ed States and other Stocks.,.. 583,009 90
Loans on Stocks Drawing interest. 196,700 00
next, from which date all Intarost there*
will cease.
The oertlfieatea to bo produced at the
payment and cancelled.
Upon oerttfloatoa
which wore issued (la red scrip)
for gold premiums,
time of
such
payment of Interest and redemption
gold.
_
$865,725 41
.
Premium Notes & Bills Receivable
384,561 06
Subscription notes In .advance of
Premiums
Reinsurance and other Claims due
the company, estimated at.,... .s
win bo In
^
46,000 00
20,142 H
Total Assets
declared on the
not earned premiums ot the Company, for the year
ending tHt Pooember,188t. for which oerttfioatso will
OO issued on end alter Tuesday, ths Fifth of A#£fl next
A
dividend of FORTY Per Gent Is
SIX
$1,166,129 28
PEiVOENT INTEREST
on
the outstanding
Certificates of Profits will be paid to the holders
thereof, or .thalr legal representatives,
TUESDAY, the 1st dBy of February.
The whole of the OUTSTANDING CERTIFICATES
OF THE COMPAN Y, OF THE ISSUE OF 1865, will be
By order of the Board,
their legal representatives, on
the 1st 4ay of February,
9 «H. CHAPMAN* tttrsMiy*
thereon
and after TUESDAY,
from which date interest
after
TRUSTEES:
Charles H. Russell,
Lowell Holbrook,
Weston,
Royal Phelps,
Caleb Barstow,
A. P. PillOt,
William E. Dodge,
David Lane,
James Byrce,
Daniel S Miller
WM*tt*rgif,'u"
Henry K. Bjgert,
:
Dennis*Perkffe
Robert'L.btuart.
J. D. JONES,
ii
^
O O
~
Moses#
A.^poppock,
JehialRead.
A. Wesson.
John A. Bartow.
Oliver K. King,
,f
S. W.
71
BROADWAY.
-Gi.lead..A.
Smith,
Bartholomew House*
opposite Budfc
of England, f
E. C.
LONDON
/' * nt *7o
Railroad Iron,
Old Rails,
Bessemer Rails, See.
U. S. BONDS AND AMERICAN RAILWAY
BITIES NEGOTIATED.
8ICT-
Correspondent* In Americas
York, Messr*. Jn
Cooks A Co., Washmgton, Messrs E. W. Ciiim
A Co., Philadelphia, Mr. J. Edgak Thoxsox, PM*
Messrs. Jav Cookx A Co., New
deiplila
THOMAS
Morris, Tasker &
15 GOLD
Francis Moran,
-
Theo. W. Morr;
Bbbeft SlImmon,
Stephen C. Southmayd
FIRE INSURANCE COMPANY
.v;
^^of-lojtdcin/v; ;
•;
-
'-xu.- i-. ,»
WAREHOUSES:
STREET* NEW
YOBA*
Davis & Freret, ,
REAL
ESTATE BBOEWlf
85 ST.
axes
Imperial
-
PhlladelplUt*
i'Ct-
w
A
$8*000.000. Oold
U. A T_r
A
AJ x
Not* 40 and 42 Pino Street,
CHARLES STREET,
New
HAffi^eUEC0NKY'
,
Work**
Co.,
Orleans, LouUiana. .*• Prompt attention given to
d
ng of plantation* *nd other real esttw,
.
JOHN xx. iM.xju.xiS. President,
»wmi
K. MYERS.
!
Hopkins & Co.,
NO.
OFFICE AND
t,.L
WilliamXRaU.
a
AieYTMTEarler
John It. Waller.
Assets
Vice-Prei't,
order is received in London; shipments to bemide
at. stated perlods to portt In America and at the lorpossible rates ot freights. Address
Wrought Iron Tubes, Lap Weldsi
Boiler Flues, Gas Works Castings and Street i
Mains, Artesian Well Pipes and Tools,
Gas and Steam Fitters’ Tools, Ac.
t
CHIEF OFFICE IN THE U. 8.
J D HEWLETT, 8d
oroncou*
mission at the current -market price abroad when tbs
Oean K. Fenner,
Emil Helneman,
,
President.
CHARLES
STREET, "
fixed price in Sterling
for execution at a
Pascal Iron
H.C. South wick,
Egbertstarr.
^
» O U 8 E,
Manufacturers of
Wm. Hegeman,
James B. Taylor,
Adam T. Bruce,
Albert B. Strange,
A. Augustus Low.
Horace B. Cfaflin,
W. M. Richards, :
A. S. Barnes.
~
:
William Leconey,
Wm. T.Blodgett
-
.
BenJ. Babcock,
Robt. B. Minturn,
Gordon W. Burnham,
Frederick Chauneey,
R. L. Taylor,
Geo. S. Stephenson,
William H. Webb,
Sheppard Gandy,
Francis Sklddy,
Charlos P. Burdett,
Robt. C. Fergusson,
William E, Bunker,
Samuel L.Mitchlll,
James G. DeForest,
Lewis Curtis,
B. Warren
John K. Myers, A. C, RlchardB,'
G. D, H GUlespie,
C. E. Mllnor,
Martin Bates,
B. J. Holland.
Henry Coit, '
Wm. C. Pickersglll,
TUESDAY,*he 5th day of April next ] ’ ~
TRUSTEES
Joseph Gallllard, Jr.
C. A. Hand,
James Low,
Jones,
Charles Deunis,
W. H. H. Moore,
,
58 OLD BROAD
will cfease. The Certificates to be produced
at the time of payment and cancelled.
A Dividend tn serin of THIRTY-FIVE PER CENT,
free of Government Tax, is declared on the net amonnt
of Barbed Premiums for the year ending December
3lst. 1869. for which Certificates will be Issued on and
J. D.
L O N D O N
will be taken for traai&Ji
cable to our p
The Company has the following
-
of February
-
‘
their
and after rueeday, the
next.
ments.
*
u,
Orders for Foreign Rails,
sion by Mail or through the
This Company has
profits will be paid to the holdera thereof; or
ol
currency or gold (at the option of thebniu)
Foreign, and when desired, we will coattail 1o
supply roads with their monthly or yearly reealw-
.r-Jiitoil
611,290 80
$715,754 26
issued no Policies, except ou Cargo
and Freight for the Voyage.
No Risks have been taken upon Time
oent interest on the outstanding certificate*
..naj,B,Vut,5r,™
Contracts will be msds
est
Total amount of Marine Premiums
Six per
_
for
affairs of the
883.797 88
b.oth. steam andjorw
J?.1.1,
DIATE OL
United States
est current market prices.
payable In United States currency for America®
In either
THE
OF
always In a position to furnish all slsei.nit.
ro^s *and
HOWARD BUILDING, 176 BROADWAY,
f
Nxw York, January 18,1870.
SJU8«sB8 W
Cash in Bank~
We are
COMPANY.
-
SOTJM 81
at • eeo«ooeooesooO*o
Railroad Iron.
18 8 1.
Pacific Mutual Insurance
sundry Notes and Claims duo
Premium Notes mid Bills Receivable
lp_oni0
$200,000 00
OFFICE
$7,I56£» 9$
*448,400 00
Interest and
eiecutK
JA8. A. ALEXANDER, Agent
Assets, vtw
United States and State of New York Stock,
City, Bank and other Stock
We beg to call the attention of Manarers of lim
ways and Contractors throughout the United
and Canada to
oux_ superior faeUities for
orders at manufacturers prices; for 8lIdeacrIntionift
both AMERICAN and FOREIGN
American
Cash Capital
Assets
$1,287,630 49
The Company has the following
Loans secured
To. Railroad,
COMPANIES.
•• l.« • • »»4«
ORGANIZED
Beturas of Premiums
and Expenses
fron Co.,^ WorBni
ESMlnEe^rEa^.Pment “a W «
insurance company,
OF PROVIDENCE, B. I.
.$2,808,145 88
period....
AGENTS FOR
The Bowling Iron Com
The West Cumberland
ton England.
179 9.
$200,000 00
..$392*425 5$
Cash Capital %_• • •
A**e tie*
*
„
Premiums marked off (Tom 1st January,
Ralls, Steel Rails* Old Balia
Bessemer Pig
iron, Serai.
SteelT yre«,lM>Uer
platet* *e,
Washington
COM$AN¥°
ORGANIZED
.*»*
Rallway^Bonds^and NegocUteLomts
IMPORTERS OF
Iron
OF PROVIDENCE, R. I.
disconnected
With Marine Bisks,
-•
MERCHANTS. Wt- X™
Buy and sell
.
.......$500,000 00
Cash Capitals.
off 1st
A
Total amoont of Marine Premiums
•■M •
FIRE Sc MARINE INSURANCE CO.
SPRINGFIELD, MASS.
INCORPORATED 1 8 4 9.
1809.15,000,887 9
‘»
.
*i
41 CED AB 8T^ COB. OF
WILLIAM ST
GENERAL RAILWAY
AGENTS Aba
D
$3,000,000 0(1
6 04r 0 7
Capital
ASlQtflsJ
Marine Bisks, from
on
'
_
,J
KXXNXBY.^ HXNXTH. BXXXg.
J. S. Kennedy & Co#M
•
a
'7 f *
-
NEW YORK. I
INCORPORATED 1810.
-
JOHN S.
ranha
4 3 a'A
Mutual" Insurance
»it.g^T*ry»• r -
-
Fire Insurance Ai
*rj
.m*
7
New York*
collecting rents, etc.
.-..,,>,41
lBtO.J
tfocember 10,
“
THB CHRONICLE
££'
.'jt jk WJi 4 ^
*
-iff
JBC3ES QUERENT,
l4Tl869
Oil
?o?lft»ort
Oil
U100 ft 6 75 @ 7 35
8234® ;
IBKADSTuFFS—See special report,
JBICK89 25
Commonhard
ft M 5 00® 15 00
90 00
^Selphiatronti*’.*.*.**.* 28 00®
^
CHEESE—
Batter— ;
•
ffeWitul>«, prime
22
84
30
: 28
1»
or din’y
ffelib »cb», ordinary
“astera^prime
Sr':r:."
<f»lrlM, prime
mm
|r»rm
S.r.«
dairies, fair
00* •to prime....4...
CANDLES—
# a
gold.
62
29K®
Horse shoe.
...
80
.@
23
,
@
®
14
Senna, East India
®
gold
Tapioca
tfft.
m
Verdigris, dry A
ex.
Vitriol, bfue
dry
30
®
®
‘
*
24)4®
9)4®
Dry cod
f »
Bolts......
Brulert’...
{*0
«
**
Sheathing, Ac., old
19
20
Sheathing, yel. metal,new 22
vr
leHowmetri nails
i
Bolte, yellow metal
24
22
American Ingot,
U0BB8—5
v''
lit regular, quarts, ft gro.
doiuperflne....;.
lit regular, pint*
.
CO^E^See epeciai
COTTON SEED—
70
35
Mineral....,
50
70
40
®1
@
50 ®
®
report.
Cotton'd, Up'd 9 ton
...
Cotton s’djB. Is. V ton 20 00
DBUG8 AND DYESAlcohol.
Aloes, Cape
ft ft
14
Aloee,Socotrlne
Annato, good to prime
Antimony, rag. or...gold
Ariola,crude
Argols, refined
gold
...
AneMc,|owdered. “
Berries.Persian... gold
@ 1 77*
@
16
®
75
8)4®
Blastlng
26
8
Sqortlng, In 1
—
BlCttb.sdda.N’castfe*1
434®
(100 lbe)13 00 ®18
f
00 @
Brimrtone.Am.ron?ft
44
44
4
*
W34©
C&ntnarlaes f ft,
....
Jute
JX
3134
Dry Hides—
Buenos Ayres..Vft gold
s
a
Tampico
Cochineal, Mexican.
“
,
,
@
3
Rowers,benzoin..V oz.
gambler....gold..V ft.
ei
®MWg, Southern
_
® 1 15
-
■
C^abrl.,
tim
ly• ■24 ®
.solid. 22 ®.
Freek...
.
81 j<4 t
3 70
» 50
2 20
43
25
29r
;
*
t*J
-
f:
w
HOPS**
u
' ’
Crop ofjfTO(g’d@prime) V ft 12
do 1889
Bavarian (new
.
-6
crbp).f... 18
S5??.VmVm.M
A
English, cast
ft »
15
.
Venet.red^.C.)
Plumbago.....,!.!
@
@1 40
....@
934®
634®
9
10
15
8
@
@
@
@
....
....
figM:.-:::::"-:; J fj?
American cast
American spring....
Tool.
«
16 @
....
7
12
11
•
•
•
8
00
® 2 25
1234®
10
75
22
9* cwt. 2 25
....
12
a
®
@
®
@
@
27
@
8 00
95
@ t 6
@22 00
PETROLEUM—
Crude, 40®48 grav.ft galL 1234©
Crude, 40®47 grav.(s.ord. 16 ®
1234
1«34
2334®
2834
Refined
prime.' white',
/
2
* * "■
6CGAM*e«pe°l.u,por,.
American, prime, country
834®
report.
»SSV.*.?.v.v.T.*:*sM
TEFAS—See special
38
9J4
®
§2X@ &X
TObT&o"^ special report.
^XgACCO—See^ir’coai:: 7§
@7 50
@6 75
@7 75
4
Sicily, Madeira... .***
«•
**
Red, Span. A Sicily.. *
Marseilles Madeira
Marseilles port
f
'•
“
••
Malaga, dry
Malaga, sweet
•«
•«
V cask
doz.
Claret...........ft
44
44
j
WOOL-
£M!~he.d
commoD,
iH
§
S
ciip^-**‘*
s m
nnwMhid-;;::;;:;;; i
KAnth 'AS*^e?H8a, unwa8hed
r»n?^Atu>rdova* ^«sbed.
?°P®‘ unwashed.
|i
(sh’ng order)
»u^?.»abIv^S
20 @26
28 @38
29 @32
II
?SS;SaSK±::
Texas,
8
S
17
js*:
u
@20
coarse
Smyrna,unwathed...;;;;’;*“ i) S
Smyrna washed
”* og
Donskof, washed
80
Donskoi,
unwashed
Sfleet
ft ft
8^®
To Livxbpool : s. d.
s. d.
Cotton..;,.ft ft ; ....@9-16
Flour ....ft bbl 3 0 @....
H. goods. ft ton SO 0 @40 0
oil;
45 0
::
*8QSQ
s. d.
25
9%
.•fe:
Cotton.....'...;.
b7"l**
V
.
Beef ..v.fft tee. ‘7 0
Pork
ft bbl. 5 0 &....
To Have* :
Tallow
,
Tobacco.*.
ft
ft
Woods
hhd!
d.
s.
0®27*6
e
C’n,b Ab.ft bu.
Wheat..b-A b*
8
•..
.@....
....@8 0
e.
c-x.»
X0...*
00^®i6*OC
8 00
Petroleum
Refined S.W. (Job. lots)
5^PISSm^Vt>W(aew).«0 00
Sfiperfine Pulled
No. l.Pulied
California. Spring
FREIGHTS-
ft ton.31 50
91 ft
l%&
IX
Chalk, block
9» ton.22 00 @28 00
Barytes, American
12 ®
15
•
§34
yj
China clay
Chalk
18
w
®;-ii
9
.
American machinery 44
American German..
44
Texas, Western
11
00 @ 1 26
90
1
ia
...
934®
934®
vouib•
Vermlllion. iTieste.....
Vermillion. Amer,, com.
®
x«
55
ft ft
Lead, red,
Lead, white, Am., in oil.
Lead, white, Amer^dry.
Zinc, white, dry,No.l.
Zinc, white,No.l, In oil.
Zinc, white, French, dry
Zinc, wh.. French, in oil
Ochre, yel., French, dry
Ochre, 44 ground, moil
5«vuuuj ua vu
Spanish bro., dry.V 100 ft 1
Span.bro.,gr’dfnoil.9Mb
Paris wbiteJEngVIOOlbi. 2
Chrome; yellow, dry....
Whiting; Amer.. ft loo ft 1
Ventolin on, Chin a... 9» ft
1334
77*
100
Litharge,
28
®
-A™® 1.8
• *>'i
fevp.“re
8TMCX^y
short
88
PAINTS—
cur.
Cttba(dutyp’d) gold V gall.1 10 ®1
Alcohol (88 per ct)
ai 77U
^ * P^re ip’ts in bl 00® 1 C*
ftsaasc^Kxtra,puiied:::::;;;;;*
68*
Straits
Neats foots,
®
Manilla A Bat. buff.. V ft
1034
yellow
Whale, crudeNorthern..
Whale, bleached winter.. 75
Sperm, crude
;
Sperm, winter bleached. 142
UiOOVUOUl
Lard oil, prime winter... 1 25
Red OR,
v.,.;
65
Calcrit. sit. cow Vft gold 16 ®
Calcntta, dead green.,.. 1434®
Calcutta, buffalo.... V ft 18 ®
HONEY-*'.
7)4®
ft gall;
Cotton Seed Crude
44
44
Eastlndla stock—
-
V ft
Linseed
@
@
®
Minas ...;
.19
Sierra Leone........cor.
Gambia and Bissau. 44
Zanzibar
44
®2 80
@5 00
®6 00
5 50
.
44
New Orleans
pale
Olive, Mars’es.qts V case 4 06 @
Olive, In casks —ft gall. 1 30
gall,
Palm
9» ft
1234® 1234
1234® 1234
44
JZtiSS®ssfcs ?g|S§
Domttfte Umior*-Cash.
0 **
OILS—
1634®
15
48
®
City thin, obi., in bbls.9» ton.41 00@4l 50
44
44
inbag8.......40 00®
West, tbln, obl’g, In bags.. .41 00®
26 >4
®
@
City slaughter ox A cow
Upper Leather Stock—
B. A. A Rio gr.klp^ftgld 27
98-1 ,i
95
OAKUM
OIL CAKE—
®:
13
13
16
47
2 15
4 00
pale
@
@
®
@
6 6O®10OO
* 25
ft280ft....... 2 05 @2 10
No.l....
2 50 ®3 62)4
No. 2
@
18
14
14
00
strained,
@
19
00
00
4 50
eoo
28
i
87
22
Rosin, commmon to good
2134®
cur.
“
California...,
Para....;.,
•
-
...
28 ®
81
42 ®
46
42 -® : 45
vw.Xi
18
18
Maranbam
“
Pernambuco
'*
Matamoras
"
44
Savanilla
Bahia
“
Chili
44
Sandwich Island.. 44
Wet Salted Hides—
Buenos Ayres.. V ft gold.
Rio Grande...
“
„
1434®
14
“
“
Western
126
125
110
80
do
do
tv iUUUi
“
Maracaibo......... .gold.
H *
gold
Rio Hache
Curacoa
Port au Piatt
Bahia
140 00
Pitch,city...
Spirits turpentine. 9» gall.
2134®
Dry Salted Hides—
|4 I
-
21
“
44
Texas
534® ’
....®
3>4
10 ®
15 ®
80 ®
60
,® 3 75
®
95
60
65 ®
70
FeaMUaeed.^f.
44
44
Truxmo.
....
18
“
.
metal
sioSSgS
«
*
Tar, Washington..9» bbl. 2 8234®2 40
Tar, Wilmington
2 40 ®
!
44
44
do
160 00
150 00
do
do
NAVAL STORES—
@
44
Bogota
•
1*@
8034®
apeom salts
*
•
....®
CubebsTMMt India.;,...
Catch..
fSKSSLT*"
•
66®.
Cream tartar, pr
...gold
Yellow
4®
44
Porto Cabello
Maracaibo
...
•
44
44
dol;
Copper.....
extra
i
44
44
Rio.Granfle
Orinoco
California
San Juan ...........
Matamoras
Vera Crux
...
Copperas, American....
....
28® 100
5
gold
Montevideo
® 2 20
@
Cardamoms,Malabar... 4 00 ®
CaitocolK.*-...*..... @
CUmomlletlowera.V lb 25 ® - 50
Chtofatb potash
.gold
29)4®
Jauatic soda (100
lbs.).. 4 70 ® 4 80
farrmyeoea
15 ®
Coriander seed
16 ®
Cochineal, Hondur..gold
25®
HIDES—
.
....
...a
....
Tampico
75
2 00
Carh.anHQonl*,In hulk.
ft canis’trs. V ft
....
00® 10 00
agsSSBSSig:: iSSS78
NAILSv
Cut, 4d.@60d.ft 100 ft4 3734l
CUnch
5 87 H®
Horse shoe, fd (6d.).. 9» ft 28
....
75@
65®
—
®
» •
Camphor, refined...
....
8 50®
5
5
5
::
JiegerFreres
MOLASSES—See speolal report.
@
ma! A'At
6 25® 8 00
» ^.n ^
@
®
,
Extra heavy hhd
Heavy
do
Light
do.
Extra heavy bbl.
Heavy
do
00® 8 60
«
Brandy—
00® 89 00
00® 80 00
co® 88 00
00® 61 00
Cherry boards and planks 75 00® 80 00
Oak and ash,
55 00® 60 00
Majde and birch
85 00® 40 00
Blackwalnut
100 00@125 00
%-inch sycamore
42 00® 50 00
1-inch
do
50 00® 52 00
Soruce boards and planks 23 OO^
Hemlock bo’rds and plank 24 C0d
Extra heavy pipe staves
f
Heavy
do
do
175 00
do
36® *50
7 25® 7 50
f!i££&.!iJ00r-eold S SxSu1^
80 at hern pine.:....
$84
White pine box boards... 25
White pine mer. box b’ds 26
Clear pine.................. 60
Ught
210
@
Rockland, common. V bbl.
Rocklanfl, heavy
LUMBER, STAVES, Ac-
.
9
8
10 *up®r,lfi 1
@
LIME—
•
2 07 ®
gold
@
t
80
24
20
44
poor
npgm
3 05
Canton,re-rld^7ol to eido
9%
@
rough
good damaged...
I
«i?n!^8’re*reeled
Halneen
^34®
@
“
44
@
@
27
28
..
11)4
@4 75
8 75® 9 50
„
North River, in bales V 180
lb for shipping
1 10® 1 20
HEMP—
American dressed. .V ton.250 00®295 00
American undressed
@
Russia,clean ..............240 00®245 30
Italian
gold.260 00®260 60
Manila....;
13
•
V ft
— @
Sisal
11K®
8)4®
BrlmaWne, flor sulphur.
keg
middle
tit
Taysaams,, ii%... .No. 1A a
Taysaam, Nos.8 and 4
Light
do
do
00
Mol asses shooks,incl. head’g.2 50®2 70
Rum
do
do
4 50®....
Sugar
do ‘
do
2 50®2 66
—
®
85
® 1 02
®
45
,®
27 ®
81
SsSSbSSE: s*®
Brlmaione.cm. tongld45
V 25 ft
Meal
Deer
80
®
15 ®
13 ®
21 ®
(bT....
Shippl^r ..4....
Keg rifle..,
8)4
50
Bi ohro. potash
00® 8 00
30® . 40
20® 28
GUNPOWDER-
8 90
petayo
6
V 1b 1334® 14 >4
FRUITS—-See special report.; •
,
GROCERIES—See special report.
GUNNY BA0-S—•
^ Calcutta, light A h’vy,p.c.‘ 17 @ 18
GUNNY CLOTHCalcutta standard.... yard 25 @ 26
....
Balsam onpivi"!.!!!.!!!
82
Balsam tolu..
1 00
BaliamPeru
.
-
^2)4®
.
V tee
V bbl.
...Vbox.
FLAX1
State, prime
®
® 21 00
70
Alum
Herring,scaled
Herring, No. 1
70
®
1 40
£*?.■?» 8
Salmon, pickled
Herring
„
22^® 22 >i
55
V bbl.
V bbl.
28
29
-sj
iiVd
SILK—t0n) *
@
2934®"
Orinoco, heavy
-- -middle.
44
light....
44
sigg^*0^
• *10
@
80
light..
44
5
4
6
50® 7 00
50® 5 00
00® 6 50
Mackerel, No. 1, shore
27 00@27 50
Mackerel, No. 1, Bay
22 00®22 50
Mackerel,No. 2,
12 00®.;..
Mac’rel, No. 3, Mass., large. 12 00@12 50
Mackerel, shore. No. 2..... 12 O0®12 SO
Mac’rel, No. 3, Mass., med. y uu® y 5U
i.
9 00® 9 50
Mackerel, No. 1, Halifax.; 38 50® ..i.Salmon, pickled, No. 1
COFFEE.—See special report,
COPPER—
Sheathing, new
quint.
Pickled scale
Pickled cod
.
heavy.
44
-
44
....
27
9>4
light.,
44
44
44
»
■
i
86
86
38
heavj .
Ught.f^
California,
44
....
17
@
middle
44
Heml’k.B. A.,Ac.,
..
15
Caracal.....
v®
Maracaibo (gold in bond)
Guayaquil ao
do ....
44
k
SBtSSffi?:..
3 97X@4W
nSSgiSSirrrj so II 3*
light
“
rough slaughter
®
88
83
86
heavy
crop,
,r
**
-
L|v;pl)iigg^V.v-.Kka
flne.'Worthla^’, a
@7 50
@7 50
/-cash, ?Mb....
88 @ 42
middle....
....
Islands., ft bush.
Cadiz,.,...,..
....
net.7 25
44 7 25
O 7 26
®
....
gold.6 25 @6 8734
“6 80 @6 9734
“6 80 @6 6234
“
9
DYE WOODS—
Camwood ....gold, V ton. 100 00®
Fustic, Cuba. “
“
....®
Fustic, Tampico
gold 19 00®
Fustic, Jamaica
18 00®
Fustic, Savanllla^..w
13 50®
Fustic, Maracaibo....
16 00®
Logwood, Laguna....
82 00®
Logwood, Honduras.
26 00®
Logwood, Tabasco...
80 00®
Logwood, St. Domln.gold 16 50® 17 50
Logwood, Jamaica
.,@16 00
Limawood
cur. 57 5C@
Barwood
gold
@15 00
Sapanwood
.cur.
*
|
..... .....
...v.
44
58
.
Pipe and sheet
LEATHEROak, alattghter, heavy
83k®
Cotton. No. 1
.
.
Nall, rod
*ft
6X®
Sheet, Russia
I0y@ liy
Sheet, sing., doub. A treb. 4%r@
6
Rails, Eng. (gold) ..ft ton. 57 CO® 59 00
Rails, American
70 00® 7100
Bar
Ravens, light
V pce.15 00 ®
Rarehs, heavy
.17 OO ®
Scotch, Q’ck.No. 1, V yd 64 ®
&
.
EngttBh
5034®
8
85
.
Spanish
CFerman.....
....
@
@
@
@
.
9> 100 ft 8 75
T~£*°2n' dressed..cur.
^bond.........:.. gold 513x8^15
Turks
92
LEAD—
Shell Lac
89 ®
Soda aah (80_p. c.) gold. 2 50 ®
Sugar leaa, w’e
“ .*
2134®
Sulphate man?hine,)R oz 7 !N) ®
Tartarlo aclcl (chrystal)
®
.........
....
10K®
Senna, Alexandria
'
-
87 50@125 00
50® 95 00
95 00®.....
82 50®
....
Rods, )4®8-16inch
®
80
STOB®FBXOBB.
r*
and hall round
Band
10)4®
65 @
DUCK-
COCOA-
®
®
® 2 00
1034®
.
re.
Bar, SwSdef, ordln»lzes...H0 00®
.Bar,refined (asto size).. T7 50® 82 BO
Bar, common
72 50® 75 00
Scroll
9T50@i25OO
Ovals
....
-
®
20
AT
.
....
Amerloan, No. 2
Am,eriean Forge
r-
1234
6234
.51 -M
20)4®
78
30
118
Sarsaparilla, H.,g’d,in D’d
Sarsaparilla, Mex. “
Liverpool Loose cannel.• • *4 50® ...(
ofSerantomNov..80
.
® 8
Seneka root
cS£b-»
»» l#0®
CfetlegM.W«
9 SO®
Liverpool gas cannel..... 12 oo®
Bark
8 50
Sago, pearled..; v.
Salaeratus
Sal ammoniac, ref. gold.
Sal soda, Newcastle, g’d 1
%■
BE= 11
9,000 tons lump...
® 8
3
»-<XF-®^
dega)
Opltttfi,Turkey....gold.
Bhubarb, China
_
MSSte-Auct.
rooto 88
8 25
...
gold.
ProSslate potash,Amur.,
Quicksilver
Quinine, American...... 2
834®
1034®
..
yifrlol
pure
Phosphorus
@
@
®
@
16
IS
15
11
•• ■•• • • •
<i«irie8, common
2 90 ®3
peppermint,
Amerloan,No. 1
8100®
80 00® * v...
r,
27 00® 29 00
Pij£Scotch. No. 1
84 00® 86 00
Bar, refined, Eng. A Amer. 75 00® ,...
S
4*45
Oxalic acid
!S£M&::::: 8 I
half-firklns, choice. 36 ®
State,
State, half-firkins,
bMcmmoi*
Ol}lep(lOi> ..(i
Oil
l
iWr,
Americanyel lo w... P ft
\0TSEB AND
no fcroo
r,
It
HP&0*Jior*m Imports lotrtptdh
lIUdiAtto CttMOStOLMofAugux
riCt
Mustard
@10 00
@66
TO MXLBOtTBNE, ft foot.
*40 ® ....
To San Fbanoisco, by Clipper
MeasordmclDt goods® rt > 173666 10
Heavy good*
ton 10 00 ®12 00
Petroleum, .f
feu"'—"
c. oi
10 gall.
45
9«
@
50
5toS6
THE
CHBONICLK
Ootton.
Cotton.
j.
JOHNSON
O.
*
CO.,
G, W. Abert,
(Late of G. Fall* A Co.)
Cotton
\n
[December 10t
Buyers,
COTTON
40
BfESPHIS, TENN.
COLUMBUS,
Mississippi.
John C. Graham 6c Co.,
For
a
168 Common Street, New
Iron
Rails,
Old
RAILWAY
EQUIPMENTf
Bjentuby d. Haskll,
H.
Cotton.
S.
Fulkerson,
COTTON
1*000 Tons Arrow Ties for baling
B. D.
RROKER,
CORNER MULBERRY AND
WASHINGTON STS.
VICKSBURG, MISS.
Cotton.
Refer to G. M. KLEIN. Cashier, Mississippi
Valley
Bank, Vic KBbnrg.
W. D.
80 Beaver street,
P O. BOX 5,734.
r-
N. T.
These Ties have been used m ire extensively than
any others, and last year ior more than one-half of all
ha cotton baled In uie United States, and received
ha premium at several State fairs.
Reynolds 6c Bro.
Hasell
ment and
817 BROADWAY
0&
.a
J
G.
CHARLES
.
YORK,
99 John street.
PROPRIETORS
AND
MANUFACTURERS
COTTON
ENGLAND.
OF
TIES,
Collections promptly remitted.
Correspondents
New York—Mtssrs. w. P. Converse A Co.
SELF-FASTENING
Alfred
BUCKLE TIE.
This is /or the planter, the compress and the ship ;
the bast and moat convenient STfe manufactured. It
la recommended by all of tnef dealers la Nevr‘Orleans
after a thorougM avestlgaJfbn as to the merits of the
various ties In use. Tney are made ol the best quality
of English lT3n, nicety painted, put up In bandies of
uniform weubtfeud are sold under a guaranty to
have entire satisfaction.
in
Muckle,
Factor, Commission, Receiving
and Forwarding Merchant,
GALVESTON, TEXAS.
Labatt,
STRAND, GALVESTON, TEXAS,
FdSk oAoe Box 8108.
BEAVER ST
»
BROKERS,
INDIA Sc DOMESTIC GUNNY
CLOTH,
fGunny Bags, Linseed, Jute Butts,
Sugar.
Joseph B. Glover 6c Co.
80 central Street. Boston.
EftTASLlSKSD 1812.
John Dwignc
C. R.
Johns 6c Co.,
'EXAS
LAND
AGENCY,
BANKING A EXCHANGE,
AUSTIN,
TEXAS.
Purchase and sell real estate, pay taxes and adjust
TltiesAptosecute Land and money claims against tie
State and Federal Governments; make collections.
Receive deposits and execute Trusts.
BANKERS,
TERMINUS OF CENTRAL RAILROAD,
MANUFACTURERS OF
Kosse, Texas.
ALERATU8'
SUPER CAUB. SODA,
AC.,
Adams 6c
N*. Il Old Slip, New York*
Ever
Hearne,
BANKERS,
ett
66 State
6c
Co.,
TERMINUS HOUSTON A TEXAS CENTRAL B.R.,
Calvert, Texas.
Street, Boston*
Railroad Iron,
as
well
as
HEARD
CO.*
Wx. A. Poet,
Late Fort A Trice.
I Gxobgb W. Jackson,
6c
"
•
WRIGhT 6c
COMMISSION
CO.,
MERCHANTS,
-
'
'
Jackson,
BANKFffg,
RK7BXBN0XS ano.(jokbesfondknokNew York:
Winslow,. lJmler A Co., David Dows A Co. Cincin¬
nati: First National Bank; Merchants National Bank.
New Orleans: Louisiana National Bank, Wheless *
Pratt, Bankers. Galveston: T*. Ht Mc viahan A co.
BIO DK JANEIRO, BRAZIL.
Represented In the United States by
if.
•
House,
Wright, Brown Sc Co.,
No. 69 WALL
i
oar
STREET, NEW YORg
Henry Lawrence 6c Sons,
MANUFACTURERS OF CORDAGE
FOR EXPORT AND DOMESTIC USB.
IWFBONT STREET, NEW YORK
BROADWAY, NEW YORK,
Rail way
Supplies.
Securities of all kinds negotiated on favorable terns.
LOCOMOTIVE
M. Baird 6c
T. Habdk,
Columbus, Colorado Co.
Go.,
All work accurately fitted to gauges and thoronrtly interchangeable. Plan, Material, Workmanship
Finish and Efficiency fully guaranteed.
M. Baird,
Chi-s T. Parry,
Wm. P. Heniej
*/
Geo. Bnrnham. Edw. H. Williams. Ed.Longitreith.
Wm. P. Converse Sc Co.,
54 Pine St., New York, Agent*
Insozance.
The Liverpool& Lon¬
don & Globe Ins. Co.
AJfetsGold,$ 17,690,39c
Affets in the
U. States 2,000,000
William St
45
INSURANCE.
FIRE
-
*t
i
North American
Fire Insurance
OFFICE 103
..
Lyons, Fayette Qo.
Co,,
Company
BROADWAY.
Branch Offices,
3 Cooper
Institute Sc 1430
BroadTO*
INCORPORATED 1823.
a. M. McKinnon,
Harde 6c
RECEIVING,
WORKS
PHILADELPHIA.
Nat. Bank
Galllpolis, O.
WACO, TEXAS.
j'
KCAXXIIXYJI
| Late Cashier 1st
OF CHINA AND JAPAN.
AAvesoee made on consignments of approved mer
chandiz*.
JNO.
DEALERS IN
Draw on National Park Bank, New York.
St
H. H. WALKER,
TANNEB, WALKER Sc MeANERBTET,
AGENTS FOB
A D 09) STINE
Old Ralls, Scrap Iron and Metals.
J. L. Leonard 6c Co.,
Co.,
oc
00,,
who give special attention to orders for
BALDWIN
J. C. KIRBY,
W. YON ROSENBERG
o, B. JOKES,
F. EVERETT,
New Tore,
COMMERCIAL
A,
Street,
Dealer la ail kinds ol Stocks.
•-
J* C. Rogers & Co.,
TYRES,
Steel Materiel tor
BENKOtf
34 Old Broad
63
EXCHANGE BROKER A INSURANCE AGENT.
WAAL ST.,
NAYLOR,
*
Samuel K.
PHI LA,
308 So. 4th street
RAILS,
Frogs, and all other
JNO.r. TANNBB.
Liberal advances made on Consignments of Cotton
and other produce in hand or Bill Lading therefor.
BIBNIE A CO..
65 Beaver street, New York.
J
Sole Agents for ine Atlantic states.
For sale by dealers urougnout the oonntry.
BOSTON,
HOUSE IN LONDON:
Ootton
^^wSliams.
Thomas Street
CoT~
80 State street.
Railway Use.
AND NEW ORLEANS
YOR<£
NEW
Cast Steel
BRYAN, TEXAS.
BANKERS,
on
CAST STEEL
Wilson,
(Successors to H. M. Moore,)
ff,
N S E
R*»WV. Bt.t, U1
»y Entrance
CAST STEEL
Moore 6c
Co.,
Supplies.
NAYLOR 6c
NEW
AND
•
AGENTS,
And dealers In Railway Iron. Eonti>.
NORFOLK, VIRGINIA,
V1BBABD, FOOTE fie CO.^
6c
GENERAL RAILWAY
Bay Cotton, Grain, Ac., on Commission.
Texas Cards
C
Abthui
c£&t“ecu?m!S? *“
For Sale by
SWENSON, PARKIN'S A CO., Aokntb,
Rails,
AND
Orleans.
Liberal Cash advances maaC on Consignments.
CommlitlOD.
NEW YORK
RaiJs,
OOTTON FACTORS A COMMISSION MERCHANTS
Cotton
of
>teel
Nalle 6c Cammack,
SELMA, ALABAMA,
Buyers
BBOADWAY,
B. O. ClMMAOX.
EDWARD KALLE.
&*C*oT*’
Vibbard, Foote
BROKER
CASH CAPITAL - - - SURPLUS - - - - - - mA?h\
Gash
Capital and Surplus, .ir-1- 1
$705,337 03.
Insures Property
against Loss or Damage
FORWARDING, ^PoliciesVesued and Losses paid
a*1^e JJJW*
Company or at its various Agencies
citlo
he United State-1.
AND
GENERAL COMMISSION
MERCHANTS,
COLUMBUS, TEXAS.
F. BM
/•eW
Secre^aryP
JETER
LD,General Agent,
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in tne
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@FedFRASER