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fittanciai;
HUNT'S MERCHANTS' MAGAZINE,
AND INDUSTRIAL INTERESTS OF THE UNITED STATES
REPRESENTING THE COMMERCIAL
VOL.
NEW YORK DECEMBER
27.
Financial.
Financial.
John
THE
OFFICE, No.
13J9
)
NEW YORK.
Plate Eugraving and Printing
Steel
Weyxr
Bny and
HiKhest Stylo of the Art, with specUl
t> prevent Counterfcltlus and
H.
CCRRIER,
JNO. E.
sa
[Maverick National Bank,
RO
I
S
TON
.
^400,000-
Capital,
rplns.
.
•fecial attention
(tlven
to
NEW
200,000
COLLECTIONS, and
lUBpt remittances made on day of payment.
MMton business paper discounted Correspondence
I
WTlted.
I
BOSTON.
YORK,
70 State Street
Street.
&
GOSSLER
and Eqnl)^
&
BANKEBS,
William Street, New
Co.,
Co.,
International Bank of Hambnrs and
Iioudon, (Umlted.)
HOUSE IN EUROPE.
JOHN BEBENBERG, GOSSI.EB & CO
Agency
of
&
R.T.Wilson
Co.,
BANKERS AND COMMISSION MERCHANTS
York.
Secretarr.
SiM'L PaiLLtps, Cashier.
YORK,
eWBEESPONDENTS OF
Paton
Accounts and
Prost.
Co.,
PI^ACE,
HAMBURG.
Jesup,
TINTS.
&
EXCHANGE
Transact a General Banking and Brokerage Boitnefs In Railway Shares and Bonds. Governiueat
Securities and Gold.
Attention given to Mlscellancona Securities.
1S4 Pearl
inent of Kallroads undertaken.
Style or Device,
VAN ANTTVERP,
U. e. PoTT«a,
Investment Secarltles. Col-
All business relating to the Construction
Pres't.
MACOONOUCII, Vlce-Pres't.
A. D. SIIEPARD, 'Ireasnrer.
J.
J.
62
NEW
Edgar Tliompson St«el Co. (Limited),
piTisnuRon, PEify.
GENERAI. PRINTING.
Sah'l D. Datm.
D. Probst
J.
AND TDK
RAILWAY TICKETS in OSE, 7 WO, THREE or
MORE COLORS ani numbered Comecutlvelu.
SUMBSRBD LOCAL A.VD COUPON TICKETS
P.,Uern,
Ra'.lroad
COMMI-SION.
C. D. Wood.
JORNSTOWN, PE^y.,
SECURITY PLATh PRINTfyO.
SAFETY PAPERS.
SAFSTY TINTS.
BAII.W^AY, COmnBRCI.lIi AND
Stie,
sell
No. 39 Plue St., New York.
GOVERNMENT BOND.S. MUNICIPAL AND BAUiROAD SECURITIES BOUGHT AND HOhO ON
ST.,
York.
Cambria Iron Company,
Alterations.
WITH STEEL PLATE
Co.,
ect
"ifeenardi
Any
York.
Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
AgenU for the sale of STEEL RAILS made by Uie
PROPBlErAUT AND TRADE-MAKK STAIIPS
Davis,
BANKEBS AND BBOREB8,
BJNKERS AND MERCHANTS,
41 CEDAR, COR. WILLIAM
CORPORATION BONDS,
BTIF1CATE3 OF STOCK, BILLS OF EXCHANGK
POSTAGE AND REVENUE STAMPS,
Wood &
Son,
&
Kennedy
S.
J.
BANK NOTES, GOVKUNMEST AND
In the
BANKERS,
TVall Street, New
DKPOSITS RECEIVED SUBJECT TO CHECK AT
SlUHT. AND INTEKE8T ALLOWED ON DALLY
BALANCES.
GOVERNMENT BONDS. GOID, fTOCKS AND
ALL INVESTMENT SECURITIES BOUGHT AND
SOLD ON COMMISSION.
STREET,
WAI.I.
I
Financial.
&
Cisco
J.
No. 59
national Bank-Note Co.,
(.INCORPORATED
NO. .703.
14, 1878.
Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Intcreft collected and remitted.
Act as agents for corporations in paying coupons
and dividends, also as traniifcr agents.
Bonds, btocks and teciirltles buught and sold on
eommiiisiou.
Sound railroad and municipal bon^s negotiated.
Funds carefully Invested In Western farm mortgages, and the Interest collected.
New
2 EiccUanEe Court,
&
Trask
York.
Francis,
BANKERS AND BROKERS.
New
TO Broadway SclS
New York
St.,
Transact a General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold on
Commission, and carried on Margins.
Deposits licctlved and Interest Allowed.
Acconnts of Country Banks and BankeK re
tW
ce!ved on favorable terms.
.
A. Lancaster & Co.,
BANKERS AND BROKERS,
e« BROADWAY, NEW YORK,
Kountze Brothers,
PEAXXRB IK
Flrat-CIass
WALt STREET,
Bought and Sold on Commission.
ue Commercial and Travelers' Credits available
Draw Time and Sight Bills
Bank of London, and on the Credit
Lyonnals, at Lyons or Paris, liako Cable Transfers.
Oilman, Son
Co!jpont Bcvght.
LOANS NEGOTIATED.
62
Gwynne & Day,
No. 16 TTall Street.
Tnnsact a censral banking and hrokerage tiuslne
lllBiUway shares and bonds, aoYernmeni Aecurltlet
BROKERS IN
FOREIGN EXCHANGE AND (H>LD,
63 Wall Street, New York.
(P. O.
on the Union
BOVIUERU SECURITIES A SPECIALTY.
[EattUUtaed 1864.1
NETT YOBK,
I«i
[eOTEKNMEST BONUS, STATE. CITY, COUNTY,
RAILROAD 4 MISCELLAHEOVS 8BCURITIKS
Virginia Tax-Seceicable
12
In all parts of the world.
InTestmcnt Secnrltlcs.
Hilmers,McGowan & Co
BANKERS.
|]^.
&
Co.,
morclal
hills.
WALSTON
BANKERS,
CEDAB STBEET,
2,8«.)
U.
Com
,
rsSD. A. BROWK.
BBOWX.
Walston H
In addition lo a General Banking Baslness, hoy aad
sell GoTemment Bonds and Investment SecorltiM.
BOX
Special attention paid to the negeUatloB of
.
Brown & Bro.
BANKEBS,
New
SI Pino Street^
York.
!
aadOola.
latareM allowed on
'
c
McKim
BANKERS,
New
>lepo9tti.
.iMTeatmenta carefully attended to.
^
Charles G. Johnsen,
l!IERCUA.^T
AND BANKER,
Brothers
1 ^rall street.
Smith
&
&
Co.,
York.
Hannaman,
INDIANAPOLIS, INDIANA,
INVESTING AGENTS
166 OClAViae STREET,
ros
HBW OBLBAN8,I.A.
INDIANA AND OHIO.
SPECIAL ATTENTION GIVKN TO THE NKGOTIA
TION OK
BAILBOAD SECCRITIBS.
Peck, Gilbert
No. IB Broad
St.
&
Co.,
(near Wall),
BANKEKS AND STOCK BROKERS.
gtoC-i. boLght and sold on the NEW YORK STOCK
ou a marxln of S perctst, if daslred
Koanl attention given to small and larjjeli.vedtineoH.
Any iriformaUon given personaUy or by mall, i ttsl-
KXCH.ASUE
class references.
THE CHRONICLE
Canadian Banks.
Canadian Banks.
Bank of Montreal.
Imperial Bank of Canada
Forcig:n Exchaiigre*
Orexel,
&
Morgan
Co.
[Vol. XXVII.
Capital,
WALI. STREET,
CORNER «OF BROAD, NEW TORE.
Drexel
No.
&
Drexel, Harjes
Co.,
SouTn TuiED
84
St.
31
&
Co
Boulevard UaueBmann
CAPITAL,
SURPLUS,
ANGUS,
XHW YORK
DeposltB received auUJect to Draft. SecurltleB, Gold.
Ac, Dougtit and sold on CoinniiBElon. Interest ftllowec'.
On iiepOBitB. Foreign Kuchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
N08. 69
General Manager
8.
I
«„„„,.
Walteb Watson, j -a-gents.
inoUUAN &
OLD BROAD
ST.,
CO.,
LONDON.
Bay and sell Sterling Exchange, France and Cable
Transfers; grant Commercial and Travelers' Credissue drafts
its, availahle in any part of the world
on and make collections in Chicago and throughoat
;
Brown
Brothers
No. 69
WALIi
&
Co.,
ST., N. ¥.,
Issue, against cash deposlird, or satisfactory guarantee of repayment. Circular Credits for Travelers, In
dollarn for use In the United States and adjacent
countries, and In pounds strrUttff for use In any part
of the w<»rld.
THEY ALSO ISSUE COMMERCIAL CREDITS
MAKE CAULK TRANSFERS OF MOSEY BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OP EXCHANGE ON GREAT
BRITAIN AND lUELAND.
G.
S.
&
G. C. Ward,
AGKNTS FOB
BARING BROTHERS & COMPANY,
6* WXhh STREET, NEW YORK.
38 STATE STREET, BOSTON.
&
Stuart
&
Dominion
London Office, No. 9 Blrchln Lane.
AGEIVClf OF THE
Bank of British
North America,
rates; also Cable Transfers.
Demand
Drafts on Scotland and Ireland, also en
Canada, British Columbia aud San Francisco. Bills
Collected aud other Bunking Business transacted.
D. A. MaoTAVISH, 5 ._„„,.
Bank
SMITH'S,
MANCHESTER & COUNTY BANK,
"LIMITED;"
JOHN STUART & CO., Bankers,
MANCHESTER, PAYABLE IN LONDON
VI^STER BANKING COMPANY,
;
NATIONAIi
Surplna,
Buys and
Sells sterling
Exchange, and makes Cable
BANKE
J.
1!
S
LONDOX, England.— The City Bank.
National Bank of Commerce,
si„^ vnoT
NKW
1 ORK. ij y_ y Smltbers and W Watson.
Collections made on the best terms.
.
Foreign Bnnkcri;.
Nederlandsch Indische
Handelsbank,
AMSTERDAM, HOLLAND.
ESTABLISHED IN
)3f3.
Amsterdam. Agencies in Batavlf
Soerabaya aud Samarang. Correspondents
In Padang.
Head
Oftlce In
Messrs.
BLAKE BROTHERS
Adolph
Boissevain
BANKERS
A^D
Sc
CO
& Co
COMMISSION MERCHANTS
AMSTERDAM, HOLLA.\D.
N. y. Correspondents.— Messrs.
OFFICE, MONTREAL.
WM.
BLAKE
BROS. &
CC
General Manager.
Asst. General Manager.
INUUAM,
Banque
Anversoise,
Centrale
Antwerp.
ENO—The Clydesdale Banking Co.
Lichtenstein, LONDON,
NEW YOKE—The Itank of New Vork, B. A.
National Batik of the KepuuUc.
t>,
BANKERS,
Exchange
NEW YORK-
St., cor.
Place,
Mafce Telegraphic Money TransfersDraw Bills of Exchange and Issue Letters o< Credit
1 principal cities of Europe.
SPECIAL PAltTNEK,
Berlin.
DEUTSCHE BANK,
&W. Seligman& Co.,
J.
The New YorK Agency buys and sells Sterling Exchange, Cable Transfers and Gold, Ishucs Credits
available In all parts of the world, miikes cullectloi.s
In Canada nnd elsewhere, a.nd Issues Drafts payable
bemiiud
at any of the ottlce.s of the bank I:i Cannua
drafts Issued payable In Scotland and Ireland, and
every descrlptlou of foreign banking tjubluess uadertaken.
New York Agency,
witli ITIossrs.
69 EXCHANGE PLACE,
CORNER BROAD STREET, NEW liOKK.
Issue Letters of Credit for Trarelers,
Payable In any part of Europe, Asia, Africa, Aastralls
America.
Draw Bills of Ezckangc and make telegraphic trans.
Dd
money on Europe and
&
St.,
CO.
Capital Paid
HEAD
M. n. GAULT,
Up
$1,000,000.
Pres't.
C. R.
MUliRAY,
Cashier
BIiA}lcnt.S:
Hamilton, Ont.; Atlmer, Ont.; Pakk Hill, Out.;
New
MUNROE &
CO., PARIS.
STERLING CHEQUES AND BILLS AT SIXTY
DAYS' BIGHT ON
ALEXANDERS & CO., LONDON.
NOTBS Aim CBBDITS 70B Tbatujibs.
QUEBEC
-
9,000,000 Francs
BOARD OF DIRECTORS
Felix Gbisah, President.
ALKBKu Macjlinay (Graff & Maqulnay), Vlce-Prei
J. li. Von l-Eii Beckk (U. Von der Becke).
Otto Guntiier (CornelUe-Davld).
Kmilk dk Gottal.
All. P bank (Frank, Model & Cle.l
Aug. ^urTEBouM (Notiebuiim Fierey).
Fa. DilANis (Mlcliieis-Loo!;.
Dan. Fuiikm»nn, .111. (.loli. Dau. I'uhrinana).
Louis Wkbbk (Ed. rt cber ic Cle.)
JtlLUS liAUTENSTBADOU (C. SChUlId & CIC.)
.Jciu.
TRANSACTS
GENERAL BANKING
A
BUSINESS.
&
King
S.
UA
n
li.
I::
1(
s
46 Pall Mall, Loui'.oii,
CIUCULAU NOTES /-rw 0/
Co.;
,
e»i:laii<l.
c/.urfff, avallaci'
In all parts of the world.
(CITY).— Owen Murphy.
NOVA BCOTIA.—Merchants' Bank of
FOREIGN AOENTS:
Henry
Issue
AOESTS:
Co.,
Pald-Up Capital,
OFFICE, MONTREAL.
BKt>FORS, P. Q.
York,
No. 8
No. 4 Post Office Square, Boaton.
CHEQUES AND CABLE TRANSFERS ON
Street,
ic
OF CANADA.
California.
John Munroe
No. 52 AVlllIam
JESUP, PATON
Exchange Bank
BANKERS,
ClftOVI.AS
;
-
GEOKOE HAGUE,
Knoblauch
$1,000,000
ORONTO.
DtTNOAN COTTLSON, Cashier HtJGH Lkach, Asat. Cafl^
Branches at Montreal, Peterboro, Cobourg, Port Hopt
Barrle.St. Catharines, Colllngwood.
$5,461,790, Paid Up.
the Hon. JOHN HAMILTON.
Vice President, JOHN MoLENNAN, Escj.
-
HEAD
'1
NEW YOKK CORRESPONDENTS,
CANADA.
President,
OFFICE,
($1,800,000 Gold.)
Merchants' Bank
.
Reserve,
$2,000,000.
HEAD
ia-."ol.'a"j.} Agents.
ALSO,
Wall
Capital,
OF
CABLE TRANSFERS AND LETTERS OF CREDIT
fera of
The Bank of Toronto.
CANADA.
issues Commercial Credits available everywhere.
Capital,
%9 W^Ullam
I
Pald-Up Capital, la^OO'^OOO Guilders
Transfers of Money,
EDINBURO, AND BRANCHES;
&
Dealers In American Currency and Sterling Exchange
Agents In London:
Agents In New York:
BOBANQVET, Salt & Co.,
Bank of Montekal,
83 Lombard street.
59 Wall street.
Promptest attention paid to collections payable
any part of Canada.
Apnroved Canadian business paper, payable In goli
or currency, discounted on reasonable terras, an^
proceeds remitted to any part of the United States b
gold or currency draft on New York-
*B'"'ts.
$6,000,000 Gold.
$1,900,000 Gold.
;
BANK OF SCOTLAND,
:
CATHARINES, POUT COLBOR'N E, ST. THOMAt
INGEKSOLL, WELLAND, DUNNVILLE, FEnSUS.
^VALL STREET.
No. 50
ic
BELFAST, IRELAND
AND ON TUB
\
Commerce,
of
Capital,
BANKERS, LONDON;
W ILK IE, Caslil(
D. K.
;
OFFICE, TORONTO.
W^ALL STREET.
No. 52
Commercial Credits issued for use in Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
33
SMITH, PAYNE
of Canada.
The Canadian
J.
NASSAU STREET.
BILLS OF EXCHANGE ON
J.
the
WM. LaWSON,
Co.,
HEAD
I
C. F. Smithebs,
Attorxkts and Agents or
No. 32
$1,000,000.
HOWLAND, President
I
OFFICE,
WALL STREET.
61
dc
parts of the irorld.
messrs. J.
S.
ST.
President.
R. B.
DOMESTIC AND FOREIGN BANKERS.
all
H.
Bbanooks
GEORGE STEPHEN,
Paris.
Philadelplila.
available In
$12,000,000, Gold.
6,500,000, Gold.
Halifax.
LONDON.— The Alliance Bank (Limited).
NEW YORK.—The National Bank of Commerce.
Messrs. Ullmers, McGowan * Co.
CHICAGO.—Union National Bank.
BUFFALO.— Bank of Buffalo.
Sterling and American Exchange bought and sold.
Interest allowed on Deposits.
Collections made promptly and rnnltted tor *t lowWt rates
Grant
COMMKKCIAL CKEDITS
lor
a«e »B»1"
Coufitguments of Merchandise.
Execute Orders on the Loudon Stock Kxccacgt
Collections on all Points. Receive Dcpoii
Make
do
and Current Accounts on favorable lerms.and
General London and Foreign Banking Business.
KING, BAILLIB &
NEW
Messrs.
YOltli
CO., Liverpool
CORRESPONDENTS,
WARD, CAMPBELL *
tO,
DecuMBEK
THE CHRONICLK
14, 1878.J
Sonlhorn Banker*.
Boston Bankers.
Massachusetts
Loan & Trust Company,
No.
POST OFFICE 8QUAKE,
!S
lii
BTEPUEN
RICE.
B. F.
WKKMB.
M. CltOBBT,
TreMorer.
Pruildent.
of Lading or Wareboaie Recelptt.
Kx- ntHoi of Collateral, or prcpiymenU Id parlor
iiilre loam ailowod.
(ui
Ai.i.riw UfTiasaT on all paymeati mado before
naiurlty of loana.
Blllt
COKIiKSPOKPKKCE BOLICITED.
H. Peck,
F.
aece*.
BKNJ. A. BOTTB,
Bank*.
COR. OF
The Nevada Bank
OF SAN FRANCISCO.
New York Agency, 02 Walt
Surplus,
QKORQE
SimnONS* BUII^DING,
WALL STREET,
DEVONSHIRE
nevr Vork,
BRANDER,
L.
SMITH,
Bankers, London,
OKoaes H. Holt,
Member N. Y. Stock Eicbange.
Geo.AVm.Ballou&Co
1
.-.„,,
^
do
d»
New
PA7NE
ft
York, The
Tbe Bank of
California, San Francisco.
ST.,
B.
MURtCAY,
Co.,
Soaton, na««.
Commercial
paper.
Commiulon
at Brokert
Board
Aoetloos, and PrtTate Sale.
COTTON SAILDUCK
Receive deposits and transact a general banking
business execute orders at the N. Y. Stock Exchange
for Stocks, Government, State, Municipal and Railroad Bonds and Gold.
Particular attention (clveu lothepur>
chaise and sale of ininiuK Stock* In San
Franclaco, for ivliiclt we hare the beat
AcUltlea; also all other California Securities.
Issue Bills of Exchange. Letters of Credit and lelegrapblc Transfers on London, Yokohama, Shanghai,
Hong Kong, Honolulu, Virginia City and San Francisco.
TH K
&
Parker
Anglo- Californian Bank
Stackpole,
liONDO.V, Head Office,
BOSTON,
Weatern
Sell
City
and
SAN FRANCISCO
NEW YORK
Chas. A. Sweet
Authorized Capital, •
Paid-up and Reaervc,
&
Co.,
BANKERS
SECU.^ITIES, 6old
County acd Railroad Bonda.
&
Wilson, Colston
United Statea IJuntlns Cosnpany.
A
f3il
& W.
Sclu^nn
&
-
.
E.
VIBQINIA BECUKITIK8
and
a
AGENT'* FOR
A.VD
Hoalery. Klilrta and Orawera
J. * W. OAVTIIN.
Correapondence
•lahed.
N. \.
solicited
and
CosRESPONDaHTa— McKlm Brother* * To.
Soutlicrii
Bankers.
First National Bank,
WILniNUTON, N. C.
Colleftlona irnutf rm
Taos. r. HUJ.SB,
s
all
Fire Eui;lnea,
MANCHESTER, N. U.
ARESTAS BLOOB, lY. G. IHEANS,
>.
Thos. p. Miller
B^A
NKER8
&
Co.,
,
MOBILE, ALABAKIA.
Special attention paid to collections, with prompt
reniltunees at current rates of exchange on day of
Mrmeat.
— Oerman
American Bank, New
7ork LouUUna National Bank, Mew Otlewu ; Bank
Co«(!*pondents.
The
nnderelf^ed
all
c on
WEDNESDATS AND SATURDAT8.
No. 7
II.
MLLLEB
FINB STREET,
NEW
BoatoD
Co.,
dc
CO., of China,
St.,
A,
SON,
YORK.
New
York.
Russell & Co.,
missioN .tierchants
AND SHIP AOENTS.
Hons KouK, Canton, Amoy, Fooclioir
ShaUBhaU and Hankow, China.
Boston Agency,
clasaea of
01
ADRIAN
street,
BXPBXSBKTED BT
OLYPHANT
MURRAY
J.
ao
1
New York
FORBES, 5
Cemtbal Btbbet. \
8.
.\iti^n''y,
W. POMKItDV
1U6
STOCKS ANO BONDS, Hong Kong &
:
of LlTeipool, LlTerpool.
BONDS
REGULAR AUCTION
hold
SALES' of
&
104 lYall
At Auction.
williams, jku. w. xiixas,
Water
Honic Kone, Shanslial, Fooctaoiv and
Canton, China.
carta of t*» Vi\\fKi\ Rtataa
COAS. B. XILLIB.
Treasurer,
40
COMMISSION MERCHANTS,
Stocks
and
St.
MANUFACTURERS OF
Loeomotlrea and Amoakeax Steana
Cash paid at once for the above Secnntles: or taey
will be sold on commission, at seller's option.
STOCKS
Cuaobubt
Works,
Locomotive
A 8PECIAf,TY,
A. K. Waucxb, Caahlei.
E. s. BrouDss, Pres't.
15
CHKS'vrTSTBIET
Olyphant
Dealings In
Insurance
B<<8TON,
'S«!
Saperlntendent,
Manchester, N. H
PINE STREET.
information fur.
Mills.
ITIANCHESTER
Bailey,
S.
7
.
Waahlugrtoii iTIllla, a'lilcopee nfc Co.,
Bnrllnctoti \Vooleu Co.,
Vllerton New iTIllla,
Atlantic Coilon nilla,
SuratoKa VIetor) Itirx Cu.,
BAKKKKS ANO BKOKEK8,
specialty.
in stock.
E R Mudge, Sawy er& Co
Financial.
BAIiTIKiORE.
widths and Colors alvayt
all
No. 109 nnnne Street.
Co.
$6,000,000.
1,710,000.
-
N. LILIKNTHAL. Ca.hler.
Co.,
snpply
PHILADKLPHIA.
j
P.
STUIPKS.'
Aiso, Aiienu
NEW YORK.
K White Street.
FKED'K F. LOW,
!«.„.„„„
IGNATZ STKINHAKT, -"a°aR'-rs.
DEALERS ra GOVEnWMENT
INVESTMENT
AWNJNO
'
Ansel Conrt.
3
Transact a general Banking Dnalness. Issue Com
merclal Credits and Bills of Exchange, available In all
parts of the world. Collections and orders for Bonds.
Stocks, etc.. executed upon the most favorable term-
STATE STREET, BOSTON.
City,
Agents, J.
kinda of
all
From Various
Office, 422 California St.
County Uouda.
s '.ate.
And
COTTON CANVAS, FELTING DUCK, CAB COVER
LNG, BAGGING. RAVENS DUCK. SAIL TWINK8
*C. "ONTARIO' SEAMLESS BAGS,
(LIMITED),
DKVONSHIKK STBBK'r
78
Co.,
Manafaetarers and Dealers In
AGENTS FOR THE BANK OF CAUFORNIA,
No. 12 Pine St., New York.
rONCntESS STREET,
Orders executed on
&
Jb., Asat. Cashier
;
Slocka. Bonda, Uold and
Bro.,
Turner
Brinckerhoff,
WM. ALVOKD, President. THOMAS BROWN, Cash'r
BANKERS,
&
&
niLiVARD'S HELIX NEBDLKH.
400 BROADWAY, NEW YORK.
BANK ef NEW YORK, N.B.A.
Municipal Bonds.
40
Commercial Cards.
George A. Clark
Capital, Paid up in Gold, $5,000,000.
Boston,
Brewster, Basset
B A N EER8
W. Tea as
C. W.MoLbli.ai(. Jb.
SMITHS,
Laidlaw & Co.,
Bny and
A. H. KtDDBi.
UNION BANK OF LONDON.
do
BANKERS AND DEALERS IN
BANKERS,
Inweatment Secnrltlea For Sal*.
P. O. BOX 2,«47.
;
BoNtoii, mass.
li
I
OOLO
Commercial and Travelers' Credits available
In any part of the world. Draws Excliango, Foreign
and Inland, anl makes Trans.'ers of Money by Tele,
graph and Cable. Gives speclil attentlen to Gold and
Silver Bullion and Specie, and to California CollectIona.and Securities and arrdnges to pay Dividends
on such securities at due dates.
STOCK BROKER,
Ballot).
CIIKISTENSEN,
STOCKS, BONDS and
for cash or on a margin.
Issue
C. C. Jackson,
Li'v^iert la
New York.
Transact a General Banking Hnslneaa, melndlog tha
"
3,500,000
C. T.
WALL STREET AND BROADWAY
parcbaae and sale of
Street.
(Invested In
U.S. Bonda)
BOSTON.
No. 35
CKJ
Co.
BANKERS,
I'res't.
EXCHANGB PLACE,
No. 7
8
all
Capital, paid np... $10,000,000 Gold.
BANKBRAND BROKER,
Wx.
on
(;»»hler.
€allfornlii
'
:iKO.
JU.Jll3.fC»'et.
Texas.
to collecUona
$500 000.
WOODS
upoD
Wa gire apaclal attention
DiRirToRM.— Benjamin A. Botta. Prps't: C.H. Long*
A. Rice, C.C, llaMwIn, W. U,
Loam made vpok time on Euple Merchandin,
citlior
Capital, 1500,000,
Houston,
eopii, W..I. Ilut;hlna. F.
Botts, Itoh't llrnwster.
1870.
<;AI»ITAIi,
OKU.
Financial.
THE CITY BANK OV HOUSTON,
ilble points.
BOSTON.
r bartered
lii
Wateb
.IB.,
St.,
N.
_
Y
Shanghai
Banking Corporation,
Head
8.
Office,
W. POMERUY
Hong
Ji.,
'ids
Konic.
Watbb
St.,
N. Y.
I
THE CHllONKJLR
ly
Financial.
Financial.
UNION TRUST
NEW
OP
CO.
YORK,
No. 73 Broadway, Cor. Rector
CAPITAL,
-
-~T
-
.
.
[Vol. XXVII.
Financial.
Seven Per Cent
St.
CITY OF NEW YORK
Mortgage
First
Bonds
$1,000,000.
CO.,
Issued at Icse than $6,000 per mile of road, and
Authorized by law to act as Executor, Admlolitrstor, Ouardlau, Receiver, or Trustee, aad Is a
CO., for sale at 87.^
I.EGAIi
DBPOSI'TOBY FOR IHONEV.
Interest allowed on Deposits,
and withdrawn at any time.
N.
B— Chocks
on
KDWAKD
M. McLean,
and accrued
KINU,
Vice- Pre^htfut.
\hI
WJi. WaiTKWKiGUT, 2d Vice PreniWit.
EXECUTIVE COMMITTEE.
The Brooklyn
Cer. of
This
Montage
ft
Clinton
tits.,
trator.
It can act as agent in the sale or management of real
estate, collect interest or aivldendn. receive registry
an^ transfer books, or make purobase and sale of Qovern^. tnt and other securities.
Religious and charitable liistitations, and porsont
nuaccustoiiied to ttie transaction of business, will And
this Company a safe and convenient depository for
KIPLKY KOPE8,Pre8ident.
K. MARVIN, Vlce-Freit.
CHAB.
Kdqab M. Cullbn, Counsel.
TitUBTKKS:
Henry Btiuger,
Alez.McCae.
Chaa. ii. MtLrvin, A. A. Low.
John P. Kdlfe,
Thomas Sullivan, Abm. H. Raylls, Henry R.Bbcidc>n
H.K. Pierrepont, Uan'lChauncey, John T. Martin.
Itipley Hopes.
.losiah O. Low.
Alex. U. White.
J.B.Rockwell,
Kduiund W. Corltes.
Wm. K. BUNKER. SecreUry
Anstin Corbtn.
Defaulted Bonds.
Special attention plven to Comprominlnfir. FundlBg,
Bnylns; or Helling Missouri County, Township and
Municipal Defaulted 1^(10^
Holders and dt-alcrs wTtira comsult their Interests by
conferring with ua. Ueflablc luformaLion cheerfully
furnlHhed.
JP.
H.
Brooklynt N. T.
charter to ac t
trustee, gnardlan, executor or admlnU-
money.
L.
No. 145
A
;
county and
BONDS
At io6
Grant,
Bee quotations of City Railroads In this paper.
Mort. Bonds.
N. ¥.
New YorkjNew England
& Western
INVESTMENT
CO.
(INCOKPOIIAIKD.)
Capital Stock
-
NEIV YORK, ROSTOIV, FIIII..VDELPBIA. AND CHICAGO.
100
BROADWAY, NEW YORK.
MONKT CARRFDI.I>Y INVESTED for Caplt lists.
Trustees of Kstatcip, tiuardlans. Fire A Life Insurance
Couipanles, Savings Hank'. Corporatl jns ana olher
Investors. Slrlctlv Conservative.
LOANS CAKKKUl LV PI.ACKl) on •Western Farm
MortKiisrcs, ata. 9& lOpcr c»nt Interest, and on choice
business property In Cincinnati, Ch'veland, Indianapolis, Detroit, Chlcaeo, St LOUls, Kiinsas (;ity and
other PirKe Western Cities. Current Intere t collected without charge. Loans carefu ly pHcod also on
lieal Estate In the cities of New York, Brooklyn,
Jersey City, Newark, &c.
MIINIUI'AL. DISTUICT
SCHOOL.
WATKIS MONDS, UAILUOAI)
CAS AND
and other COItPOK'
n.)NI)SneKothited,
Bcfau'tcd Bonds converted
'
ATE
'.-payil _ Investtt.ents. Coupons rollected.
into Interest-paying
TEMPOUaUY LOANS made to Couatlea. Towns
ana
anticipation of Taxes and other
Revenues. Coupons paid forStites, Counties, Towns,
Cities, Kailroad Companies. Ac.
WILL ACT AS STOCK TliANSKRU AGENT for
Railroad, Mining and other corporations, and also as
Trustee of Bou^iholdcrs.
cities
In
FINANCIAI.,
States, Counties,
NKBOTIATIONS condnctod for
Town^ Cities, Railroad and other
Corporations, and Individuals.
John
C.
Short, Preel
lent.
Wji. P. Watbok. Secretary and Treasurer.
Jas. T. WoBTaiNQTOs, Drcxcl U'ld'B, Oen'i Solicitor
,
CO.
PER CENT REGISTERED STOCK
PAYABLE
IN
191!,
GAS STOCKS
Decimal Lots
OF
ACTIVE STOCKS
NEW YORK STOCK EXCHANGE
Brooklyn Secnrltle. Boueht and Sold
Bought and Sold on Margin.
W
n. GltANBERY, 14 New
EASTKliN UAILW.AV (.OMI'ANV:
RAILWAY l)MPAtMr,ln the United States Circuit
Courts In Kentucky Hid Tennessee, roqu'rlnp the
PAYMENT of the MOliTGAtiE DEBT on January
imi. and MAKING PliOVlSlONS for tlie SALE
OF THE RA1LW»Y of the said Compiny In the
'
1,
N
payment:
Odd
We
OHOaNIZ ATIDN AOIiEKMENT."
m on or Dcfore the let day of January, 1R"9. DEI'OSIT THKIU BINDS wllh the CONTINENTAL
NATIONAL BANK, mliject to the ordcrof tills Committee and pay the amomt of one qnarrer of one
HEW SON,
MOKRIS K. JESi'I", CommLtoe.
JACOB H. SCH1FF,S
:i,
Nrw
A
mCISETIIVG
Wanted Money
FOAYA,
FOR SALE.
A Choice lot of Lands in different parts of tbft
West. Also, AVestern Securities. A Choice Investment. Address, for full particulars,
D. H.
TALBOT,
General Land, Scrip and Warrant Broker,
Yo-k, November
Sioux city, low^a.
11. 1878.
OF TIIK A8SGNTIIVG
JORDAN
Referen c e.—First National Bank. S lo ui City, Iowa
Hatch
BANKERS,
Nkw
Foote,
WALL STREET
BUT AND 6HLL
MISCELLANEOUS SECURITIES.
A. H. Brown
,
TllKASUBIE'a Offick,
&
No. 12
GOVERNMENT BONDS, GOLD, STOCKS AN
&
Co.,
Bankers and brokers,
7 Wall St., Cor. New, New York.
WESiTGRV UNION T£I.B6RAPH
COMPANY,
NEBRASKA AND DAKOTA.
10 TO 12 Pub Cent Guaranteed.
185S.
-LA First Mortgage Bondholders of Ihe New York &
Osweg Midland Kal;road t'onipany l« hereby called
for TUESDAY, Dec 17, 1S78, at the Delaware & Hudson Crt'ial <'oin any's Buildlnir. <o . Cortlundt and
So. Ciiurcii Bts., tills city, atU o'clock A. M., to accept
or reject the " Proposed Comiiromise of IMITeiences
between the Hollers of U-c Ivers' Cc'tifl.mtes and
the Elr^t Mortgage Bondholders," and to make such
modifleatlons in llie Bondliolders' agreement, made
May 14, lS7,'t. as may be liccs-iary. If ttic " Propose I
Compromise" Is approved, and for such otlier busi
ncsb as may come ijetore the n eettng.
By order of tlio Comnilttc".
C. N.
Clia-rman.
Dec.
CO.,
TO LOAN ON APPROVED SECURITY IN
}
York, December
KILBRBTII &
No. 11 Broad Street.
••
per centum tiicreon unto tlie said Bank, under the
terms of tlie said nereement, wliicli Is lodged with
GEoiiGK (il'l)YKK, )
the taid bank.
New
buy and
lii
-TICE
IS HKREllY GIVEN tliat hnldcrs of the said
Bonds who desire to share In the
of any action tint may ho taken by this
Comtnlltee on heh'lf of the hol.ler.^ of ihe bonds
Into Ihe
Street.
Lots of Stock.
sell broken lots of all active stock*
at the New York Stock Exchange, paying the
bidding price and selling at the asiilnB price.
dealt
henent.-t
coming
ALI.
DEALT JN AT THK
TIIK HOI.DPRS OF THK CONTO
AkoMDATKI) HONDS nf foe ST. LOUIs* SOUTH-
said flt*tes In default of such
&
Milwaukee
;
t
$200 000.
CO.
CO.
Alabama, Sonth Oaroliua tc JLouIniana
rOK SALK BY
State Bouds;
Nenr Orleans Jarkaon & Gt. Northern, lUARX & CO., 50 Exchange Place.
raisalKHlppl Central, and ITIobile
& Ohio Railroad Uonda
St. Paul
City of New Orleans Bonds.
SEVE.V PER CEST. FIRST mORTI.EVY & BORG,
8« WALL 8TKBBT.
GAGE BONDS,
AT 95 AND ACCRUED INTEREST.
Geo. H. Prentiss,
A limited amount for tale by
KUHN, LOEB & CO., 31 Nassau St.
Boom 33.
30 BROAD STREET.
ii-t,
St.,
1
INTEREST PAYABLE MAY AND NOVEMBER,
Consolldat'.'d
& Chicago RR. 1st
Town i*onds of ^ow York State.
1¥I?I. U. UXIilSY, 31 Pine
Sc
tc
LAMER &
BALTimORE CITY
lYINSLOW
5
WAMTED:
liOPton
FOR SALB:
to
1-2 and Interest.
DREXEL, raORG&N
AUGUST BELinONT
BROADITAY,
DECHEE^ HAVING HEEN ENTKHED upon the
MORTOAtJK SECURING tlie CO'^I^OLIDATKD
BONDS of the 8 r. LOUIS ft SOUTH KASTKIIN
CiDclunatI Lafayette
$S00
ol
A LIMITED AMOUNT FOR SALB
Chicago & Canada Southern iionds find Stock.
Minnesota State Hepndinted Honrts.
Scioto Vallry i.atlrLifnt Kir. t Morigage Bonds.
Rochester biate 1-lne Railroad BoihIh.
Townsliip I'onds State New Jersey, issued to BR.
City, County and Town Bonds of WcKtern States.
Northern Pacific l.'R. Honds and Preferred ttock.
New Jersey Midland Uiillroad Bond?.
Atchlsfon A. Pike's Pejik Kallroad Bonds and Stock,
Railroad lends eiidcrsed by Michigan Central RlS.
& New York Alr-l.lne Railroad Hoiuls
Railroad Bonds endorsed by Pcnn. Railroiid Co.
Sums
In
$I,Oeo, Convertible at any time
Into Registered Stock.
A SPECIALTY.
s«r. LOUIS.
References.— Messrs. Clark, Dodge * Co., Spcycr
E. W. Clark & Co.. Phlladelplila.
.
Coupon Bonds
BOUGHT AND SOLD.
CO.,
BANIiHUS AND BROKERS.
Co New York
York.
NEW YOliK.
CITY RAILROAD STOCKS & BONUS
KEIiKHER &
F.
New
YEARS TO RUN.
30-50
BBC,
Sc
CHEW^, 39 Broadway.
O.
Trust Co.
Intercut Payable
in Vnitcd Statci; Gold.
BOUOIIT AND SOLV.
S.
Company is authorized by special
u receiver,
St,,
raVNICIP-lkli
H. OGIIiVIE« Secretary.
3,
BUOWN
state:, raii.roai>,
SaHUKL WlLlETS,
Wjf. WlIITKWRIOUT,
Gko. Cauot Wabd
O. G. WlLLIAHB.
and
Principal
Texas Bonds.
M. MoLKAN,
AUGC8TUB SoaSLL,
E. B. WSBLBY,
J.
Pine
3-1
I'lxnt'ten.t.
by the
interest,
interest.
tVALSTON H.
through the
this Institution nasa
ClearlnK-IlDuse.
J.
which may be made
and
Fund Bonds.
Sinking
SIOUX CITY & PEMBINA RR.
HAS SPECIAL FACILITIES FOR ACXINO AS
Trant«fcr Agent and
Rcgi!«trar of Stocks.
OUARAKTEED, principal
DAKOTA SOUrnEKN RU.
PER CENT CONSOLIDATED
5
or THE
Yosk,
INVEbTMENT SECURITIES.
11, 1873.
DIVIDEND
No. 46.
The Board of Directors have declirod a Quirterly
Dividend of ONE ANO ONE-HALF PER CENT upon
the Capital Stock ot this Company, from the net earnings of tiie three months ending December 31st, Inst.,
payable at the office of the treasurer on and after the
15th day of January next, to shareliolders of record
on tile 20th day of December.
Tlie transfer books will be closed at 3 o'clock on
tile aftornron of the 20th Inst, and be opened on the
morumg of the 16th of January.
K. II. RocIlESTEI!, Treasurer.
WANTED. -SITUATION
log, Cstton,
IN
BANK.
Stock Brokerage, or any Financial
Business, by a reliable and energetic
young man of
19.
Small salary. Security and hlpliest city references
ItELIABLE, Cnsosiout Ofilc^.
given. Address
Speci al attention to business of country banks
"Albert E. Hachfield,
18
W.1LL STREET, NEW^ YORK
DKALS IN
Flrst'CIass Investment Secnrltles,
CITY" BONDS OF ALL KINDS,
d Soutiikbn SscuKiTrsa o
Railboad Bonds
ALL DKSCltlPTIOXS.
W^ ANTED.
Southern Poiliroad Bonds, all kinds.
Toledo Logansport* Buvllngton Boads.
Kansas Paclllc Italiroac Bo "Is.
Union ft Logansport Boi dj.
IndiaLapeils ft Vlncenne« ii jnds.
i
I
mm
HUNT'S MERCHANTS' MAGAZINB.
REPRESENTING THE INDUSTRIAL AND COMMEUCIAL INTEltESTS OF THE
VOL.
SATURDAY, DECEMBER
27.
CONTENTi
til
FNceor War In Hiinipe
812
814
Life Ini>nmnce an<l Knal Estate.
llhrer Demouetizition the .Vajor
.
.
04iuenr the (ircal Bu«ine<ij Delireaaiun in Europe
614
I
I
i
I
|
I
Railroad BarDlnjfS In November.
and from Jan. 1 to Nor 3i)
818
United Statei Treaanr; Statement 617
Latest Monetary and Conunorclal
Bni^Hsh Newa
818
Commercial and MIecellaneons
News
690
THE BAHKKR8' GAZETTE.
Monev Market. V.
Qnotatlona of tstocka and Bonds.
624
U>cal !iecarltiee
626
lovestmenta, and State, City and
Corporation Finances
SiS
Secnritlea.
S.
Storks, Oold Market.
Exchange. N. Y. City
821
Baaka, Boaton Banks, etc
Rallwiy
Foreii-n
THE COMMERCIAL TIMES
Oemmercisl Epitome
Coltou
!^
Hf)
6S
]
Brcaditnffs
Dry fioods
|
1
KSH
686
Thb Cojimkrcial and Financial Chronicle is issued on 8<Uurday morning, with ttie latest news up to midnight of Friday.
IN
ADVANCE:
For One Yrar, (inciudlniz postage)
$10 20.
ForSlx Months
do
6 10.
Annual subscription iu London (Inclading postage)
£2 6r.
do
do
Six mfih.
do
1 7b.
Bob'rnptinns will be continued nntll ordered Kt^ped by a wiillm order, or
t (A« puhltcatlon offlee. The Publinhera cannot be responsible for Remittances
mlcsa made by Drafts or Poat-Offlce Uoner Orders.
—
t>ODdon
Oflicn.
The London office of the CnaoificLS is at No. B Austin Friars, Oid Broad
wbera tnbscriptlont will be taken at the pricea above named.
Dlliiil.
Adrertlsement*.
Trani><c«t advertisements are poblixhed »t 36 cents per line far each insertion,
hot when di'flnite orders are given for Ave. or more, insertions, a liberal dlscoont I'' made. No promise of continuont pnblicatlon In the best place ran be
given, as all advertise- s most have eqinl opportunities. Special Notices In
Banking and Financial column 60 cen s per Una, each insertion.
WaXJAM
iota
DAKA,
B.
(
FLOTD, JB.
U.
WILLIAM
B.
k
81
79
f
DANA £ CO., PnblUhen,
WUIUm Street, NEW YORK.
Post OFrica Box
fnrnislied at
cents;
neat fllecover
CV AVolumes
bound for snb^criber^ at $1
.V)
is
postage on the same
la 18
VW For a complete
to
v, IBt'A.
Commerciai. kwd Fixan'ial Chro!»icl»—
set of the
date—or of
HtJ.-tT's
MKBcOAMTa' Maoazini,
13.39 lo lb71,
Inquire
lUe office.
CONGRESS AND THE BANKS.
Unfortunately, the past
week has furnished new
nce of the very crude
financial
among our
ovail
lue confiervative
notions which
some of the leaders
gave utterance to, that these efforts to
what
evistill
We were hoping, from
legislators.
expressions which
make everything
worth a dollar, would cease for a
time.
Disappointed though we are, to some extent, in
this, it is gratifying to find that there really have been
at work educational agencies during the Congressional
ft
dollar e.xcept
recess,
for
now
four-fifths of
is
a two-thirds vote cannot be mustered in
favor of propositions
which
last
year always
commanded
the House.
But the main problem with which this class of
men
is
at present wrestling
I'plication
tm
f bey
ts
is,
of force lo national
how
to
so,
in
equivalent to the gold" dollar,
the two propositions
is
Tue only
differ-
one of degree, and as the
government, and consequently " the people," would make
the most out of the latter, we prefer it and think any
enlightened con.stiluency would. If a man can by his
boot-straps lift him.se'.f off the ground, he can in the
same way and with perfect ease carry himself over a
rail fence
having overcome the law of gravity, the question of degree is of no consequence.
And yet it may be worth Mr. Felton's while to consider
having passed the law " requiring national banks
to receive, &c." these dollars
what then ? Of course
we all admit (for in that consists the necessity for the
—
—
—
states-
is not
York, where the larger portion of
our foreign trade is concentrated, this defect would be
soonest manifest.
The merchant cannot purchase
exchange, to pay for his bill of goods in London, with
these silver tokens ; hence when they become so numerous as to accumulate at the commercial centers to which
they would tend, this intrinsic value and the law of
Congress would come in direct antagonism. Thus we
should have the law of gravitation on the one side and
the boot-straps on the other; which would break first,
would perhaps soonest be made apparent to Mr. Felton's
mind and the minds of his followers, if he would add
still another section to his proposed act, requiring Mr.
Felton himself to organize and furnish the capital for a
national l)ank in this city to be conducted under his own
law; and then still another section, compelling every
Congressman who voted for the measure to keep bis bank
equal.
Here
in
banks as
will
induce
and paying out
New
of these national institutions receiving
silver.
The truth is that this is a question not at all between
gold dollar.
by the syllogism that Congress banks and Congress, but between the commercial classes
and hence it is so. During the past and Congress the banks are only doing what their oaa*
justify their desire
it is
9ii
make such an account in one
to believe a silver dollar is equal to a
said
"
ence
—
act) that the intrinsic value of these equivalents
30.
rent«.
'^
4.')'J2.
703.
week two Congressmen have given themselves a name
one of them is Mr. Fort of
Illinois, and the other is Mr. Felton of Ojorgia.
The
title or object of Mr. Felton's bill, as reported by telegraph, i.s, "An Act to compel the national banks to
"receive and recognize the standard silver dollar as
" equivalent in value to the gold coins of the United
" States." We think the Empire State of the South will
be increasingly proud of its representative the longer it
dwellij upon the vastness of the proposition here grappled with and the boldness displayed in execution.
We
can only suggant one amendment to it, and that
would be an additional section making by act
of Congress tliie five-cent coin a dollar, and then
''
compelling the banks to " leceive and recognize
it
TERMS OF SUBSCRIPTION-PArABLE
STATES.
NO.
14, 1878.
as pioneers in this crusade
THS CHRONICLF.
And the Rank^.
Casgre^.<i
UMTED
THE (CHRONICLE
612
[Vol. XXVII.
WAR
IN EUROPE.
PEACE OB
tomers require them to do. It is generally acknowledged
the
make
cannot
States
United
here that a law of the
By the opening of the British Parliament and by the
worth
•value of a gold dollar out of eighty-five cents
debates which have since been carried on in both Houses
whether by the concurrent agreement of all of the National Legislature, public attention has again
of silver
commercial nations it could be done, we are not dis- been forcibly directed to the troubles which exist in
to
cusshi^. The present proposition is simply this:
Eastern Europe and Central Asia. The policy of Lord
on
force what is selling at London to-day, say at 85 cents,
Beaconsfield has been severely criticised, and many bitbanks (and that means on their customers) at one hun- ter things have been said; but it does not appear as if
"We repeat, then, it is the general opinion of the opponents of the government will be able to make
-dred cents.
cannot
this community that this difference of fifteen cents
any political capital by exposing what they consider to
furthermore,
and,
Congress;
be bridged over by an act of
be the mistakes or blunders of the party in power. So
that the intrinsic value of the two representatives will far, the government policy has been singularly successassert itself as soon as silver dollars become sufficiently ful; and success in a policy of aggression, more espenumerous. We do not care, for the purposes of the cially when the national honor seems to be at stake,
argument, whether Mr. Felton admits that this opinion seldom fails to command popular sympathy and support.
It is the prevailing opinion in this Right or wrong, Beaconsfield seems, for the present at
is right or wrong.
If he has acted
city and vicinily, and in fact among intelligent capi- least, to be a favorite of fortune.
talists as a class everywhere; and being such, if one-half rashly, and incurred unnecessary risks as well as great
our banks should, on the passage of this proposed law, and probably uncalled-for expense, he is certainly not
;
—
remain within the national system executing the law, open to the charge, which, in his opening speech, he
and the other half go under the State organization flimg in the face of his opponents he has not mistaken
executing the Clearing-House agreement, the great "a policy of timidity for one of wisdom."
—
of the depositors
body
More than
that,
if
would go
to
the Slate banks.
Baltimore and Philadelphia failed
to appreciate the situation, a large portion of their
In truth,
-deposits in time would necessarily follow.
With
these debates in Parliament, however, and with
the Tightness or the wrongness of
policy,
we have
little direct interest.
the
We
Beaconsfield
are concernad
with them only so far as they affect, or promise to affect,
be transfer- the vital interests of trade and commerce. The comring their balances to New York, where for gold or its mercial world is heartily sick of war. Seeking, as it
equivalent they were sure of receiving gold or its equiva- does, the settlement of all questions which hinder the
lent, until the whole body of the banks, through this revival of industry, it naturally desires the restoration
process and the fears it excited, would finally be forced of an enduring peace; and we believe that the tendency
out of the national system into an adoption of the of events, both in Europe and in Asia, in spite of cerover
all
the country capitalists would
Clearing-IIouse arrangement
—gold
for gold, silver for
Thus the act would be a benefit to New York,
silver.
while the chief harm done by it Would fall on those
communities in which the banks were slow in leaving
the national organization upon the rural districts, where
they would be held longest within the national system
by the profit on their cireulation. About that time Mr
Felton might find it quite embarrassing to meet his
—
constituents and acknowledge himself the author of their
tain
appearances to the contrary,
is
in the direction of a
general and satisfactory settlement.
It did for a time seem as if the Berlin treaty had only
been made to be broken. On all hands there was a
suspicion that Russia was about to play a false game ;
that Beaconsfield, in spite of his astuteness and admitted
ability generally, had really been outwitted, and that
the arrangement of San Stefano would virtually stand.
This feeling no longer exists. Russia has de.clared her-
self prepared and resolved to carry out her treaty obli.
have no fear then as to the end of all this gations; and already she has given practical proof of
Roumania is now in
controversy. Events are crowding upon one another the honesty of her intentions.
so rapidly that the obstructionists themselves will friendly relations with her more powerful neighbor.
soon be pushed aside by them; for, in spite of the With the change of ministry at Constantinople have disunnatural obstacles they are interposing, the country appeared the obstacles which stood in the way of special
condition of unsur- and satisfactory treaty arrangements between Russia on
its new
is quietly passing into
passed prosperity. Bi-metallism will come, for it is a lljo one hand and Turkey on the other. When these
European necessity, if we will only leave the result to be treaty arrangements, which it is understood have the
misfortunes.
We
worked out by the natural causes now in operation
and which are clearly indicated by Mr. Nourse in another
column. We cannot hasten it a day, but we can harm
ourselves and delay the end by our indiscreet acts. Mr.
Garfield, one of the shrewdest and most judicious men
in public life, has drawn his inspiration from the very
heart of the people in the following extract from some
remarks made by him this week in the House during the
discussion of the Consular
bill.
want to Bay another thing. So far as I have studied the catrent of public
thought and of poUlical feeling in this country, no feeling has shown itself
more strongly than the tendency of the jrablic mind in the past few months.
The man who attempts to get up a political excitement in this country on the
old sectional issues, will find himself without a party and without supportThe man who wants to serve his country mast put himself in the line of Its
leading thought, and that is the restoration of business, trade, commerce.
Industry, sound political economy, honest money, and honest payment of all
obligations; and the man who can add anything in the direction of the accomI
pllBhment of any of these purposes,
It
is
is
a public benefactor.
a great pity that Mr. Felton's good sense does not
€nable him to see the force of these truths.
approval of the British government, are concluded,
Russia will be without excuse if she refuses to evacuate
Turkish territory within the time specified.
Nor is this all. The French governmemt has heartily
espoused the cause of the Greeks. France, it is understood, is not unwilling, if need be, to send a contingent
occupy until justice is done to the
It now appears, however, that Rusais
little
has yielded to the representations of the French government, and that the influence of Russia will be added to
and
kingdom.
to Greece
to
Powers to induce Turkey to make to
Greece large cessions of territory from Thessaly and
from Epirus. Among the more hopeful and encourag'
that of the other
ing
signs must also be included
the
success which
has attended the Austrian army in Bosnia, and the satiS'
factory termination of the difficulty which for a time
threatened to divide the councils as well as the strength
Nor must we foigJt that
of the Ilapsburg dominions.
Deobubrr
THE CHRONK'LE.
14, 1878. J
the Turkish government by gome of its recent proclamations has piven satisfactory evidence that it is honestly bent
on a policy of reform.
013
becoming
for deficiencies were entered, the mortgagee
As
the purchaser.
these items kavo been used as sug-
Within the space of a gestions of growing weakness in the companies, it will
not be untimely to examine that subject a little.
The
State law limits mortgage loans to property within
few months from the present time, with the Bulgarian
kingdom fairly established, with a Christian Governor
in Eastern Kouraelia, with Greece and Montenegro
equally pacified by an adjnstment of their boundary
lines, and with the promised changes in the Turkish
government itself, we may hope to see the first fruits of
and we have no reason to doubt
the treaty of Berlin
that these fruits will bo satisfactory and encouraging.
The Eastern question settled, we can discern no signs of
war in any other part of Europe. The financial condition of Russia, of Germany, and of Austria, bars the
likelihood of an early resumption of hostilities; and in the
direction of France and Italy we have but little to fear.
The contest which has just been begun in Central
Asia cannot be of long duration. The fears which were
so forcibly expressed by the peace party in England,
that Russia would espouse the cause of the Ameer, and
that thus the war which had been narrowly averted on
the shores of the Bosphorus would break out with wild
and uncontrollable fury on the highlands of Afghanistan, have not been justified by fact. The successes of the
British forces have been won with comparative ease;
and the condition of the invaded country, abandoned by
its chief ruler, does not lend much encouragement to
;
60
the State or within
miles of
this
city;
also
it
more than
requires the property to bo worth 50 per cent
the loan, or, in other words, authorizes a loan of twothirds the value; as to real estate,
it
authorizes the per-
manent owning of property necessary for use, and the
temporary owning of such as is acquired by foreclosure.
The holding of real estate by the city companies at the
close of the years named, is shown by the following
schedule of the amounts reported:
1877.
I87B.
1875.
1873.
S6,:;8«,74S
$9,463,319
tS,03»,484
(3,891,80
Mutual
5,7%,0aS
4,246,245
3,872,655
2,581,403.
New York
8,60(1,863
2,641,570
l,820,f<0
1,768,17'1
1,949,2-26
3,133,439
734.996
508,458
1,051,074
764,U1
733,000
48,W)0
Equitable
Knickerbocker
Globe
Manhattan
714,655
206,851
Germaiiia
Mttropolllan
697,384
373,887
24,000
293,000
276.610
U5,C0()
Washington
Brooklyn
United States
3i7,551
131,500
6ii,680
TSilSfl
31,Ii)7
14,000
75,181
46,734
27,318
There
^
12,151
nothing to canse surprise in this increase, or
in the fact that nearly all of it has ocourred by foreOrdinarily, there must be mortgagors whose
closure.
is
them the interest on
and considering the vast quantities of
those who believe that the struggle will be cither severe unimproved or, at least, unproductive "real estate which
or prolonged. Public sentiment in Great Britain will 1873 left on the hands of per-ions who had incumbered
prevent the government from adopting unnecessarily not only that but their better property, it is easy to see
harsh measures with Shere Ali; and it may, we think, that the drain of interest and taxes, without any matebe taken for granted that unless the Afghan ruler rial income, must exhaust the ability of many mortshould prove obdurate and intractable, he will be restored gagors. In fact, not a few old mercantile firms have
to place and power. It would be unreasonable, how- been undermined
by this very sort of drain on the
ever, to conclude that the relations of Afghanistan and
private resources of their members, and the whole moveBritish India will be allowed to remain as they were
ment is precisely what must naturally follow
business
operations do not earn
their
loans;
paper
infiation.
a period of
The
before the invasion.
question has long
frontier
engaged
the attention of
that the
opportunity has been found,
Indian
assured that the northwestern
we may
boundary
The presumption
rendered more secure.
now
and
officials;
is
rest
As
it
may be
interesting to
be
on Western property, we add the reported
two holdings of the largest ones:
line will
that the
is to be had to India
from the north the Bolan and the Khyber Passes
be permanently occupied by British troops.
will
great gate-ways by which access
—
The
of
possession
invasion
the
sible
these Passes
of
British
will
compare with the above
the experience of the other-State companies which loan
render impos-
territory
from
the
1877.
Connectlcnt Mutual
1876.
real estate
1975.
1813.
$4,067,503
2,748,753
$l,8-!5,590
2;«,351
J1,847,2J7
149.60*
Mutual Benefit
^Etna
New England
Phenii
294 373
286,383
263,0CO
184.6«0
U9,597
7,7S7
1,393.331
1,361 i:o
1,336,.334
625,000
8'.7,7JS
357,853
eO,T68
Wi'hout pausing for very detailed comparison, there
It will, in fact, complete the security, as it will
north.
is
nothing in the general view of these two schedules
the integrity, of British India. There are those who see
discredits Western mortgages; a special investi
which
in the occupation of these Passes by Great Britain a
cominillee in Connecticut, a year ago, reported
gating
permanent cause of quarrel with Russia. Such is not
one
company had lost $0,000 on foreclosed Western
that
their
occupation
the
contrary,
as
our opinion.
On
will render an attack from the north or northwest impos- property actually sold, and two others had gained
sible, it will,
removing
tory of the
for the
we
think, be
found to have the
cause of jealousy.
all
Ameer between them,
two great
rival
it
it will
we
be more easy
in amity.
look to the situa-
presents itself to us in Europe, or as
itself to us in
effect of
the neutral terri-
Powers to live together
Altogether, therefore, whether
tion as
With
it
presents
we are not without reason for conmany outstanding questions having
Asia,
cluding that, so
been settled, and so
real existence,
wo
little
further cause of
war having any
are en the verge of an era of peace.
in
But
as bearing
discussion,
we
more
upon the question under
leading items of assets to the whole assets, as reported
named, the first table covering
companies doing business in this State, and the secr
ond one, only companies located in this State.
at the close of the years
all
natiotovlu>'.eamft»,of
Rca: estate
Mortgage*
United States bonds
Other securities
Kcal estate
Mortgages
United States bonds
other sccarities
newspapers several items recording the sale, under foreclosure, of a number of mortgages held by some of the
Premium notes
prominent life insurance companies, in which judgments Premiiuns deferred
1873.
1874.
1875.
1876.
Sra
4908
416
474
637
717
798
63-70
5428
63-48
BOJO
and unpaid
.
MM
609
964
6'63
5'70
7 46
903
9-68
18-88
11-23
12-65
1578
1760
1418
13-78
1360
1016
474
8-53
280
2 10
136
117
18?2.
1S73.
1874.
1875.
1876.
1877.
439
515
58 55
>.'
1877.
1872.
6*67
RatlolowhoUautU.of
the
closely
subjoin a table showing the ratio of the
Prcmlumnotcs
Pr.mluma deferred and unpaid..
LIFE INSURANCE AND HEAL ESTATE.
Within the past two weeks there have appeared
$9,148.
'31
8-«9
605
705
803
999
63-26
60-86
6901
53 45
vm
7-87
938
11 65
5'03
6-16
7-33
8-61
10-65
9*87
8-64
7-31
(43
4-29
lS-68
8-!4
6 88
4-30
3-38
3-81
1-74
143
8 47
G14
THE CHKO^KJLE.
r.
ThtB sboMTS an unbroken increaso in tho proportion of
real estate in asaots and a doolino in that of mortgagox.
But the following
table gives tho ratio to assets of real
mortgages,
estate,
«&c.
JtMl eitatt
Morli/agtt
to atiatita.
to attets.
Surplut to
mortgajtH.
Burplui to
mortgagen.
» 63
'«'*'8U
SSTS
1187
JEqulUbIa
iguS
41 DO
41'35
Ocrmaula
OIoIm
S1'4S
17 20
JB-08
41'M
U'lS
M-BO
80-M
Brooklyn
..
8(19
Homo
4'08
1700
»00
77'00
61-00
is, no doubt, at present a gold scarcity.
The world a
" gold produce has not been increasing of late, while the
" demand for gold has become much greater in oonse-
" quence of currency changes. Any fresh discovery of
" gold, in qmmtities sufliciunt to iiilluence the relations
" between supply and demand, must therefore have an
" important and, on tho whole, a beneficial influenoo
" upon the money markets of the world. For one thing,
" it may enable India to lay the basis of a gold cur-
" rency."
S 83
48 00
1016
doDc.
KnIcUrrbockcr
MunbiilUu
lU-W
!»'5i
a3'7S
18'&l
7'W
4il'W
MeUopollUn
14-04
3400
87 44
18 00
many
1880
41«7
years.
Mutual
NowYork
IIdIUhI UUtci
Wniblngton
6-7»
OS-ei
W-07
4.'iSe
41-iir
I'M
48'31
30 43
:4 CO
4'tB
4')'84
S'J'2r
83 61
This idea of " gold scarcity" has found expression in
forms, from many source*, during the last three
In each succeeding year the scarcity has forced
more strongly upon the attention of writers and
statesmen, although in the same years there has been
a constant reduction in the volume of business done,
ilself
Id column 4 capital stook is includod with liabilities.
These ligurcH, although the latent procurable, are a year with contraction of prices
It ia reaHonablu to suppose that there hai4 been commerce as in production,
old.
an increase of real-estate holding sinoo, also that in sumo
oaaes the property will never return what has l)con
advanced on it; but there is ample margin for shriiikiige
Tiiere
before an impuirmsut can bo produced thereby.
is, however, no natural relation between surplus and
mortgagen, and a ooniparisou of that relation as between
different companies has no signilicanco whatever; that
ratio is here adduced to show how largo a slice could be
lopped from tho mortgages before even a technical
impairment which is by no menus tho saiuu as financial
insolvency, notwithstanding the law unwisely holds it to
be 80 could bo produced. As to real estate, inasmuch
as it is a much smaller item than mortga^^es, relatively
—
—
XXV U.
"
IlominupiUhlo
3078
4181
1880
[Vol.
as well as of quantities, in
in all
the loading commercial
nations of Europe.
Nor
very
an ideal scarcity of gold, or monetj.
is it
It is
In spite of tho long-continued and accelerat-
real.
ing diminution in commercial transactions and in tho
in their quantity, yet more in their
more money presses more urgently as
products of industry,
value, tho need of
months go by. I know not how much the Economist
meant to convey in its words " the demand for gold has
become much greater in consequence of currency
changes." Thoy contain a great truth, which will go far
to explain the strange problem of the business depression
now afflicting the commercial world, of which all other
the
explanation
b.as
been unsatisfactory, as the assigned
cover any
causes have been incapable of the results seen, in their
it much more amply.
Taking the city
companies together, their reported surplus exceeds by
1\ millions their real estate, and eight of the thirteen,
holding together more than half the total of the latter,
could have that item sponged from their assets and still
magnitude and duration.
Gold is now the only real money in Europe. Standard
silver is yet doing the work of money as eurrenoy, but
only in the same wi%y as that function is performed by
Bank of England notes, under actual or implied promiso
show
of gold redemption, or ready exchange ibility for gold at
and absolutely,
tlie
surplus
cuflioient to
is
shrinkage in
a surplus.
what will the companies do with what they have tho legal ratio
now and must hereafter acquire? Hold it, and make silver coin tho
the best issue they can with
estate, beii)g tho
upon,
is
slowest of
it.
all
1. Nowhere
money power
15 J to
IJut
full
in
Europe has standard
that
possessed tea
it
Unquestionably, real years ago, tho power which sustained its value at legal
investments to reali/.e parity with gold under free coinage by most of the
not a good reliance for an eniorgenoy; but tho
nations.
Notes of tho Banks of England and France, however
life insurance is that it has
sure
of redemption in gold, are not money; they are
emergencies,
can
have
no
and
therefore
and
the comTho time has come when
panies are the strongest holders of real estate and the simply promises of money.
distinguishing peculiarity of
This fact this elementary truth in regard to bank notes applies to
standard silver coin. Just as long as 100 francs silver
Ultimately, values will recover, and it would will do what 100 francs gold will do, the former will be
case.
be unreasonable to suppose that improved property, as good as tho latter, with or without legislation to
best able to handle
is
it
without ultimate
not always remombered, but
it
is
loss.
the vital one in the
When
tho silver shall
on
declare
basis
gold will do as money, no law can
any decent valuation, can settle down to a
be'ow 60 to 00 i)er cent of what it has been
counted for during the last five years. Loss on some
pieces will be offset by gain on others, and the worst
which can bo expected will be some temporary diminution of interest income, and soiue slight lessening of
aarplus.
There need bo no anxiety about the companies
on this aooount; and, as evidenoe of conservatism of
management, it is well to note the fact, shown above,
that tho companies have been liberal takers of United
States bonds during the last few year.s, and that those
bonds never formed so large a proportion of assets as
they
now
do.
valuable.
legal
[COMMUXIOATIK.]
The London Economist
of
November
Thus
ratio
"There
far equality of tho
has been maintained in
do what tho
equally
two metals
all
at tho
the bi-metallio
by the law only but by tho financial policy of
banks and governments which jireserves an ever-available exchangeability of tho one for the other. In this
respect standard silver has become like subsidiary ooins;
differing only in degree, both hold current value by
assurance of convertibility into real
money
at will.
Nominally having the double standard Franco coins
gold only, thereby confessing that she cannot, except at
too great sacrifice, if at all, hold more silver than she
has up to
its
legal
value in gold.
Practically
gold monometallic like England and Germany.
As with Franco so with Belgium and Switzerland, her
Praetioally all of specieassociates in the Latin Union.
France
is
paying Europe
10, said:
fail to
make them
States, not
now
SILVER DEMONETlZATIOtr THE MAJOR
CAUSE OF TII^ GREAT JiUSLVESS
DEPRESSION IN EUROPE.
it so.
Qold
is
now
is
cm the gold basis or standard of money.
money in Europe.
the only real
Dkckmbbr
THE CHRONICLE.
14, 1878.1
0151
itruoturo of bitiinesa credits and trauitac-
Europe had soon to share in this depression. Here, tho
worst is past and recovery has made <onsid< rablo proof mlvur was to ilH full aiiiuunt a contraction of that gress, in spite of obstacles created by mistrikcn legislaIt is feared that tho worst is yet to appear in
If in 187:i tho wholo ram of inonoy, gold and tion.
baniH.
Europe.
Rilver, it) Europe, was t.liOOO.OOOiOOO, since increased by
Tho difference is one of finanoial condition of money.
additions of $200,000,000, and if tho portion of silver
Since 18C2 we have had an irredeemable paper currency.
demonelizod be only 1060,000,000, the money basis h
reduced 25 percent bolow what it was in 1873 for an On the first day of 1870 it is to become redeemnble in
equal volume of business. That is not all: tho demone- gold, preparation for which has been mado in the Treatury by storing up gold, in tho banks by atrcngthening
tized silver has become, like bank notes, dependent on
gold to sustain its currency value. Whereas in 1873 and reserves, and in the minds of the people by forming a
previously it supplemented gold by its full sum <i« montyt hope of good consequences, to which feeling is due, in no
^mall degree, the progress already attained in the recovit has now become a demand liability to claim gold.
This is tho groat currency chanye comprehended, ery of business prus|'(rily. Wo have encountered the
perha])S unconsciously, in the words quoted from the
regular sequence of cor.ditioDE excessive inflation of
Economist; a change whereby 26 per cent er more of the currei;cy and prices, expelling money from the country;
only safe basis on which currency and credits can rest tho collapse; the long depression and contraction of
has been taken from the basia and added to what the prices; and the costly recalling and storing up of
basis must support.
a largo redemption fund of gold, which we were enabled
Witness the incessant struggle to get and keep gold to accomplihh by a favorable course of foreign exchange
in all tho specie-paying countries; in France, tho largest
during tho last two years, tho jjroper cffet^t of our low
owner of silver cnrreucy, not so much to protect tho prices and the consequent largo cxporls. Circulating
notes and deposits of the liank of France as to hold with
silver docs not trouble us, though it may do so
sure ability her $000,000,000 or moro of 5-franc pieces after a year or two more of the existing coinage law,
up to their legal ratio, 16} to 1, in public estimation.
and our store of gold, kept at homo by favorable
During the quarter century 1848-1873 the growth of exchanges, is constantly increased from our own mines.
business of production and exchange among the nations
Quito different is tlie condition in Europe specie-paywas immensely larger than in any like period. The ing Europe, excluding Russia, Austria, Italy and Hpain.
annual foreign trade of Great Britain increased more The specie-paying countries liavc had sound currency in
The wholo
tions rostB on abaais of real
money.
Tlio duiaonotization
—
—
—
—
—
than 400 per cent; tho increase
nations
is
in
estimated at over 300
the
trade of
all
the
per cent, and the
domestic trade of the several countries increased
in like
all
proper allowance for the progressive
and invention;
forces of that period, in propulsion
in arts,
money or
For the
excesses of apparent prosperity prior to 1878.
long term of
proportion.
After making
ami)le supply, without excessive issues of note
other unusual influence to inflate prices, except from the
commerce
five
years adversity has attended ujion
and manufactures,
its
severity
with time, until this great depression has cast
increasing
its
glocmy
manufactures and commerce; by quickening, extending
and cheapening transportation and exchanges; and all
other improvements these failing to account for the
magnitude of tho increase in production and commerce
and paralyzing influence over all branches of business
labor and capital more and moro idle, ]>riceH depreciated
until loss falls upon neatly all producers, and the volume
of business reduced and still shrinking, tho capacity to
we
consume lagging behind the greatly-reduced production.
—
are driven to admit that these forces were secondary,
deriving
much
of their
own power from
impelling force, greater than
out
it.
all
a
superior
of them combined, with-
That superior force was the
increase
of money,
gold and silver working together at an accepted relation
of value, each metal supplementing the other as
of full power.
During that 26
best authorities, the
world's
money
years, according to the
money
of gold and silver
coin and bullion was increased from $5,000,000,000 in
1848 to $7,000,000,000 in 1373, or 40 per cent, seven
eighths of the increase being in gold.
Down
Notwithstanding
currency and
in
tho uses of
money, becomes more apparent and the need of
more urgent each year. When largeK allowance is
made
tion
for the reactionary consequences of over-produc-
and over-trading and
these results, hitherto
other assigned causes for
all
unknown
in
such extent under
such stiange fnd apparently irreconcilable conditions,
the mystery remains, vnlem
the demonetization
of
liad the function and power of
money, and all was employed in promoting tho
active growth of business that has been noticed.
We
cannot make any exact division of that wonderful gain
between the effect of the increase of money, and the
effects that would have been due to the other favorable
The beginning
of
full
the contraction
the insufficiency of the gold sup-
ply, or
it
to lfe73 all
of this silver and gold
all
c;)pital,
its
full ezplanalion
lit
fowid in
silver.
the business depression
dent with the complete act of
silver
wai
coinci-
demonetization by
Germany in 1873. Its progrcfs from bad to worse haa
been coincident, step by step, with the progress of tho
demonetization, actual and most iiractical though not
The facts illustrate
really legislative, by other States.
much weaker, without the former. true relations of cause and effect. The liritish merWhatever was due to the increase of money would be chant whose expected profits on shipments to Calcutta
produced in opposite effect by the same cause reversed. were converted into loss esthat mado him a bankrupt, by
forces, these then so
growth was due to 40 per cent increase in tho depreciation of rupees received for his goods, has as
money of Europe, what contraction of business ough' much reason to be doubtful of the special cause of hia
to come from a contraction of more than 25 per cent in ruin, as have the proprietors of iron and coal mines now
the same money power ?
closed and of cotton mills in which the machinery ia
In 1873, when business was most expanded, its activities stopped, to wonder what is the great moving cause of
If so great
the
over the commercial world, prices most t,heir calamity.
and credit most extended, the shock of failures
Tie disastrous icrults row in view, were distinctly
and panic began in the United States, followed by busi- foreshadowed in 1870 by :*e}d, and moro than suggested
ness stagnation and depression, in duration and severity by Cernuschi, Laveleye and other writers.
It is not
commenBi'r»te
wilJi
its
extraordinary antecedents. very rash to suppose that some impression of their trne
highest
inflated,
all
THE CHRONICLE.
616
rVoL. XXVIl,
was upon the minds of those St. Paul, and the two Canada roads. As to the last named, it is
Goschen and a question in Wall street whether the decrease on these roads
may be taken as indicating a decrease of a similar percentage on
M. Leon Say, while at the recent Monetary Conference
the Michigan Central and Lake Shore roads in the United States
in Paris called by our Government, however much their the
prices of their stocks, however, do not show any weakness
utterances were restrained by their representative posi- which points to such a decrease in earnings.
tion.
One of the strongest writers in favor of tlie gold
An increase of $167,316 on the Chicago & Northwestern road
standard (Ilerzka) boldly admitted that if the existing may have been a surprise to those who believed in a failure of
body of metallic money should be reduced to gold alone, the wheat crop along its lines.
aBosB E^LRmNQS nr November.
the gold would then have the whole purchasing power
1878.
1877.
Inc.
that had been in both metals. Increase of the purchasDec.
A.tchlson Top'ka & Santa Fe.
$43*1,1 00
$335,078
$ioa,9;s
$
189,401
138.9-5
ing power of money expresses a corresponding deprecia- Burl. Cedar Ilapids & Northern
9,491
Cairo
St. Louis
cause, as here presented,
^statesmen of England and France, Mr.
&
tion of other values, or
Europe
now
in prices.
fall
money
If the
25 per cent less than
1S.2!)2
Central Pacific
Chlcaeo & Alton.
Chicago & Eastern Illinois
was in
Chicago Milwaukee & St. P....
ISYS then quite too small for the greatly expanded ChicaM & Northwestern &c.
Clev. Mt.Ver.&Del.&brchs....
volume of business and credits resting upon
does it Denver & Rio Grande
Grand Trmik of Canadat
not follow that the aggregate volume of business and Great Western of Canadat ...
Illinois Central (mainline) ....
credits to be sustained by the reduced basis now, when
do
(Iowa leased lines).
Indianapolis Bl. & Western....
distrust has displaced confidence, must be contracted, International & Gt. Northern.
Kansas Paciflc
either in quantity or value or both, until the one shall be Missouri Kansas & Texas
Pad. & Elizabethtown
in safe conformity to the other ?
St. L- uls Alt. A T.U. (br'chs)
LmiisIronMt. &Soutli'n..
A part of this contraction has been suffered without St.
St. Louis Kansa-i C. & No th.
St. Louis & S. E.— St. L. div.»
disclosing a sign of relief.
basis in
is
—
it.
it
414,239
7o,166
S09.02S
16,267
1,855,774
891,616
65.»44
894,027
1.40:i.723
1,^J36,412
167.-316
30,183
117,3S3
760,008
3B,0f8
80,OS3
827,811
175
811,92:3
88-2,301
483,948
474.018
114,880
80,S15
1-4,963
1,5<13,000
—
185,-,65
9<i.l72
much more
will
cial
contraction must be endured
require
it
and
?
what
will
what time
be the industrial, commer-
financial conditions of
while this contraction
is
have been accomplished
how
arise,
?
and when
it
shall
?
If the theory here presented
is correct, that the major
cause of the existing trouble was the contraction of the
money basis by the demonetization of silver, it must be
true that the effectual remedy would be to remonetize
silver; to restore to it the power which it held before
1873, with new and stronger tenure than it then
possessed, by international adoption of one ratio of
value and free coinage.
They who flippantly and
ignorantly say that a fixed ratio of value cannot be
established by agreement of the great commercial
powers, deny the practicability of what has never been
tried.
They are put to shame by the distinct admission
of its practicability by Soetbeer and other eminent
gold mono-metallists who deny only its necessity and
expediency.
The
silver legislation
by Congress
last winter,
and
its
advocates, were equally false to the policy of general
bi-metallism.
The act delayed remonetization in Europe
and discouraged
its
strongest advocates there,
by the
promise it held out of an early expulsion of our gold,
then to be added to the money basis of Europe. The
pressure of calamity there now, and apparently growing
may so hasten remonetization of silver that the
worse,
American blunder
by delay.-
injury
blunder
if
be of no consequence beyond the
would have been even a worse
mono-metallism in Europe had been possible;
BAILROAD EARNINGS IN NOVEMBER, AND
FROM JANUARY
November,
1
TO NOVEMBER
of all roads reported for
tlie
47.00)
4'8,075
312,333
3-2.836
$10,212,097
$66S,29:)
3.708
5..178
8,343
9 i,086
8,380
59
S95,(i60
ZABNmas
moK
januabt
57.
Atchison Topeka & Santa Fe..
Burlinfft'nC.Rap.& Northern.
Cairo & S'. Louis
6M
{567.888
Chicago & Alton
Chicago Mil. & St. Paul
Chicago*. Northwest, Acl....
$5,43:i,3^27
$1,17.3,493
1,402,991
l,r20,327
216,166
15,696,093
4,117,544
7,444,973
11,786,672
J83,664
4,3)5,'l.33
7.73"i,U72
13,41,7,696
Mt.Ver.&Del.&brchs...
Denver & Rio Grande
Grand Trunkt
Great Western}
Illinois Cent, (main line)S
do
(la. leased lines)
Indimap. Bloom. & Western..
International &Gt. Northern.
Kansas Pacific
Missouri Kansas & Texas
Clev.
351.877
l,032,94i
S,2I<,701
4,089,078
,
Louis Alt. &T.H. (br'chs).
Louis Iron Mt.& Sonth'n..
Louis Kansas C. & North.
Louis & B. K.— .'^t L. div.*
do
Keu. dlv.*
Tenn. div*
do
Toledo Peoria & Warsaw
St.
St.
St.
St.
1,621,0-24
"
856,725
4,062,395
4,814,9;8
1,378,440
26,683
119,383
1,161,8:<6
1,116,.546
1,403,3S9
3,446,119
2,739,111
451,044
4.044,415
3 n38,.W4
586,669
380,996
158,751
1,155,915
1,363,906
3,036,442
2,918,899
45,890
89,483
409,677
5.i6,740
2^14,511
11.718,738
$101,876,563
$36,3)7,3«2
Net increase
4,843
4Vl',2i3
179,188
22,514
47i),558
3,974,118
2,891,729
136.488
1,015.980
4,210,016
11,549,295
4,563,.558
Total
i4',498
332,705
1,35),764
Dec.
$5
618,270
137,88J
290 093
700,2-39
S,'3si,913
4,931,,305
Wabash
Union Paciflc
33.
Inc.
1877.
$3,605,819
80:,674
16,314,36)
Central Pacific
to novehbeq
I
l.?7a.
t
254
41,70-2
2-2,102
Three weeks only of November in each -vear.
For the four weeks ended November 30.
For the four weeks eudcd November 29.
ssosa
*
t
5,527
4.237
75,«-J5
1C0,4C'5
70,237
146.575
29.929
26,485
16,265
139,935
4^3,54-^
169,443
$6,219,131
6,539,201
$669,930
Three weeks only of November ia each year.
From January
From January
to
to
1
1
November
November
30.
29.
of
§ August, September, October and November ilgares include those
SprinHfield division in both years.
statement,
proprietary
roads
included
for
the
period
In
this
the
are
not
5
prior to
June
1.
companies have hnt recently reported their earnings for
October, and from January 1 to October dl
The
fo lowing
SROeS EABKIKSS IN OCTOBER.
amount to $10,313,502, against a total of
the same month in 1877. This, result sho'wing a
appears that a large majority of the roads had an increase in
earnings, while this increase was balanced in large part by the
on only four roads
—the
1878.
& Great Western....
AtlanticMississlppi& Ohio...
Cairo & St. Louis
Chicago Burlingt 'in & Quincy.
Atlantic
C:ev. .Mt.Ver
Central Pacific, Milwaukee
&DeI.
&
&
brche'.
Dakota Southern
Houston & Texas Central
NasiivilleChatt.
&
St.
Louis..
& Elizabethtown
& Memphis
& Erie
& Reading
St. Paul & Sioux City
Sioux City & St. Paul
Paducah
Paducah
Philadelphia
Philadelphia
$387,497
801,181
81,609
SAKONae
Atlantic Mi68is6icpi& Ohio...
& St. Louis
Chicago Burlington & Quincy.
Clev- Sit. Ver. * D0I.& brchs..
Dakota Southern
Nashville Chatt. & 8t. Louis.
Cairo
Paducah
& Memphis
Philadelphia & Erie
Philadelphia & Reading
St. Paul & Sioux City
Sioui City & St. Paul
Southern Minnesota
1877.
$4-24,076
137,104
80,457
9,466
358,695
l,408,t)74
1,5-27,774
66,715
81,686
59.084
110,614
88,161
81.0-29
4-26,832
45,5:11
44,430
moM
Increase. Decrease.
$36,579
t
7,195
193,6.-:8
24,096
1,290,114
37,516
38,468
361,649
172,353
34,160
17,306
393,151
1,.368,348
Southern Minnesota
GROSS
of
difference of only $100,405 in the two years on so large an aggregate. Is a remarkably small percentage, but on examination it
-decrease
*
t
J
30.
month
1878,
$10,312,097 for
14,'!75
.51.270
5^13,700
Net increase
It
supreme folly to doom ourselves to silver mono-metallism,
self degraded before the lesser ability of Europe.
Boston, Dec. 10, 18 VS.
B. F. Nouese.
total earninga
3';4,I88
274,184
will
for in that case, with ability to command any share of
the world's gold that we might want, it had been
The
3Sl,4'il
$10,31-2,502
Paciflc
Total
19,S15
SS8,469
27.30J
3
61,970
Ttnn.div.*
Wabash
Union
67,205
70,378
9,936
1,022,354
div..»
& Warsaw
Toledo Peoria
the several countries
in progress
Ken
do
do
83,998
313,592
47,408
27,480
Il,7i3
90.145
452,740
1,084,324
.
The questions
aiJif-fi
9,8-22
15,857
43.000
27,23)
2.34,0
.
2,0J5
jANrxn?
I
2,487
78,-234
616
11,139
65,183
35;249
3,693
7,640
40,456
119,100
14,971
18,663
6:i,184
to October
1877
31.
Increase. Decrease.
1878
$1,399,324
183,382
$!,45'2,692
11,746,897
I0,-285,031
1,461,876
880,717
167,050
"9,498
316,«>I4
176,548
l,:-i25,135
14S,679
$53, '268
16,517
S
199,899
5,023
102^279
3.042
183,219
1,710,13S
1,4'27,4I4
151,7-21
S,37!<,585
2,661.801
10,849.094
497,031
31 1,649
535,305
ll,939.-227
430,912
2^9,890
53ti,238
66.119
61,769
Drcbmbbb
14, 1878.
THE
|
CH110N1(U.E.
OBOU UBMIXel, IZPItltlt AXD NET ARNINO>.
The alatement below Klroa the ktoss earnlnK*. operating sxponara and net
earnlnga fur tho month of October, ana from January 1 to Oct. 31, of all
the rosda that will furnlsb gtatemants f or publication:
.--Jan. 1 t* Oct. 81.--,
-Octobtr.
,
1878.
:878.
1877.
isjt;.
A
Ohio—
Atlantic HlnlMlppt
OriiKH earninga
..
Kxpi iisca, lncl.oxtraordtn'7
.
Net cnmlnga
Bnrl. Cdnr Haplds Jb
UroK!) iiarnint(9
Not earninga
Chicago & A Iton—
Groea enmlnga
Operating expenae*
Ver.
t3»6,89t
fUlifiig
$17I,5M
$l.srs,'l97
fP8t,142
8B,8U1
9»,4*J
9I0,"D9
t64,»8l
(19,813
$76,101
$382,698
(316,408
(486,921
t44\e9r
$3,931,11)4
$3,758,938
3J9,ik!6
807,398
2,'Jl'J,68S
8,09-.2.758
$238,199
$1,718,509
$1,683,170
$],:68,3<3
7oM,783
$1,290,114
691,691
$11,740,807
6,417,690
$20,S85,031
$60J,S63
$4,7Al-9
$3,8(g,is07
$698,4:8
Net earnings
$38,181
29,43j
$37,516
•id,' 93
$8,7-25
$10,521
$320,717
$3!5,6}4
~$.~.
Dakota FouUiern —
Gross cnriiing8
Operating uxpenaes
$:i,029
$33,163
$167,050
$17(!,.'41
96,745
10.032
'"~$'.~
Net earnings.
$10,997
t79,60i
Net earnings.
$122,W12
$78,431
$!)I.S,6U
b9,6',0
4i,08«
!35,983
$630,156
319,418
$34,3J8
$379,8*3
$300,740
153,193
Great Western of Canada— (excluding leased
Gross earnings
$384,600
Oper. expenses and reniewols
215,800
Net earnings.
lines.)
$4.38,500
&
taxes.
in liaalng ll
Currency.
Coin.
for redemption of ccrtiBcstes of deposit,
Jnuo8,1872
$
$
87,190.00000
2,«««,4W 84
Post-olllco D.-partmeat account
efflcers'
accounts—
TrPMnrv
nfflcps
ireasuryoraccs
i
^
1,281,719 96 COln.
li,081,91« 87 car..
National banks
8.414.842 20 cur..
Fund for redemption of notes of national ba' ks
"fulled," "In liquidation," and "reducing clrcu-
laton"
1,281,719 «6
I
14,496,788 57
)'
»,830,891 25
,.
Five per cent redemt tlon
Uiilitd States notes
Nalional bank notes
f
und—
$^927,163 33
ia««oioapi
JS,7.o,»J» i»
I
8,8:9,141 52 f
99,660 25
16,780
18,780 04
8.833 94
1,290 00
8I,B6« 84
1,860 00
710,143 49
6,076 50
18.854 32
25 25
Currency and minor coin redemption account
Interest account
Interct account, Pacific Railroads and L. & P.
Cat^ol
$
$
.'.,
Company
Comntrol'er of the Currency, agent for creditors...
Treasurer United State-, agent for paying Interest
onD.C. bonds
Treasurer's transfer checks ouis'anding—
$J96,4'!8 01 I
t!8 5lf
596,556 5S
Currency
1.599.189 97
Fund for redemption of na ioual bank gold notes,.
Treasurer's gencrai account
Special fnnd for redemption of
fractional currency
$10,000,000 CO
8,658,0.35 07
Balance
1,689,188
1,720 00
18,558,085 07
$117,800
$165,600
$4;'6,'-31
$361,849
148,793
149,065
$380,040
$211,984
~$'~.
Treosnrer's general account
Interest due and unpaid
$1,271,105
21,358,070
Cal td bonds aud interest
36,-286,42t1
Coin certl flea' es
Balance, including bullion fund., 160,033,267
$
51
29
03
35
223,918,853 15
Net earnings....
"$...."
$225,966,678 50
-
International & Gt. Northern
Gross earnings
Expenses
$330,483
84.434
$181,253
90,118
765,301
891,193
$138,054
$91,135
$404,061
$287,741
$459,403
$395,361
$3,054,898
$3,672,254
$1,169,.';65
ASSETS,
$1,178,94-2
DBCEXBEB
$98,571,075 24
2.
Currency.
Coin.
Net earnings
Kansas PacificGross earnings
Expenses
Neteamlngs
NashTille Chatt. & St. Lonis—
Gross earnings
Oper. expenses, Incl. taxes.
231,351
1S9,83!
1,807,575
1,';54,749
$225,052
$205,530
$1,247,123
$1,117,605
$137,104
$172,353
91,618
$1,32.5,135
$1,427,414
888,!'5I
859,8M
87,671
.
Net earnings.
& Memphis-
$49,433
$74,735
$133,2S1
$567,750
Gross earnings
Operating expenses.
$9,466
$17,308
$143,67!t
Net earnings
Philadelphia & Erie-
$2,301
Padncah
120,906
$151,"21
103,895
$6,104
$27,7;3
$47,S26
$353,6!15
$393,151
li:5,8l3
$2.S78,S85
1,634,232
$2,561,804
20r,060
7,165
Gross earnings
Operating expenses
Neteamlngs
Mt. & South,Grosseamings
Operat. and general expenses
11,102
1,716,634
$145,635
$207,a33
$691,353
$845,170
$581,183
230,103
$510,812
a29,155
$3,510,715
2,002,863
18,516,013
$353,680
$281,657
$1,507,852
$1,810,232
$61,715
36,462
$81,688
$197,031
33,077
318,8.il
$430,9:2
285,866
$.30,253
$48,603
$180,2:0
$145,028
$45,501
$59,064
27,399
$311,649
228,660
$251,890
86,898
$18,606
$31,665
$e5,ooj
$68,704
Gross earnings
Expenses, &c
$44,430
$110,611
43,745
$5.35,?05
$536,238
30,344
274 282
316.179
Net earnings
Union PacificGross earn ngs
$14,088
$68,869
$2'1,023
$230,C59
St, Louis Iron
Neteamlngs
Paul & Sioux CityGross earnings
Operating expenses
Neteamlngs,,.. ...
Slonx City & St, Paul.
. .
Net earnings
Southern Minnesota
,
$1,442,662
42J,697
,
Operatlng^ezpenses,
Net earnings
$1,012,905
$782,018
$6,822,007
In the fignres "Jan. I to Oct. 31," the Missonn River brijge
only for the months of July, August aid September,
The
following September figures have but recently
/
A
Grand Rapids
September,
187B.
hand:
1878.
55,873
$14,582
,
~
1877.
$41,850
September.
,
$877,729
741,874
$793,066
533,788
$135,855
$259,277
,-Jnlv
1
to Sept.
8'>
,
1878.
1877.
1878.
1877.
£160,787
£179,452
£430,361
£485.102
111,844
125,929
3.38,393
383,613
£40,443
£53,523
£100,9t,3
£131,(89
Canada-
Gross receipls
Working expenses
Netprcflts
t This
to
included
,—Jan. 1 to Sept. 30,
,
1877.
$97,723
Net earnings
of
come
$5,993,709
is
Indiana-
Gross earnings
Expenses
„
„
Grand^ Tnmk
191,166
$l,.329,n2 $10,614,414 $10,526,911
517,154
4,312,407
4,533,232
•
amount indades
$1^,119 paid for steel rails, cross-ties,
Gold coin and bullion
S andard silver dollars
Silver coin and bullion
Gold cenificates
and for
taxes.
$142,400,1.33 21
14.810.698 00
Silver certificates
paid
Registered and unclaimed interest paid, .
U, S. bonds and interest.,..,.,
;..
Dcflcits, unavailable funds
D<<i.osits held by national bank depositaries
United States notes
U. S. notes (special fund for redemption of
fractional currency)
National bank notes
Silver coin received in lieu of currency
Fractional currency and 1 and 2 year notes,
.
32,533 00-
9,845,120 00
1,907,460 00
1,720 00
75,7l'8
49
138,995 43
23,332 00
13,644,049 81
8 38
28,436,718 27
6,7i
600 00
"732,492 58
10,83.3,327 01
63,b55,404 16
io,ooo.oro OO
8.054,123 83
1,483,379 19
Ac
69,817 65
Nickels and minor coins
New York and San Francisco exchange
1,440,493 12
149,000 00
14 80
10,4(>0 DO3,120,000 00
Interest on District of Columbia bonds
Speaker's certificates, Forty-flfth Conprcss
Redeemed certif 's of deposit, June 8, 1872
$225,966,578 50
—
$
14,685,'445 85
Nationaibaik gold notes
Fractional currency redeemed in silver
Quarterly Interest checks and coin coupons
1,875,811
SL
Gross earnings
Operating expenses.
offlees.
2.
!i7u,!.0D
Texas Central-
Gross eaniings
Operating expenses
DEonaiB
delajr
from distant
Fund
Silver
Expenses
&
The
ofllces.
in getting retarns
Gold
Grande -
Gross earnings
Houston
from the time taken
Secretary's special deposit account
earnlD^B
Operating expenecs
Jb Itlo
arises
S,:29,89i3
& Del .and Brchs—
Groifii
Denver
Intendenls of mliila aod asaay
LUBILITilS,
|!2J7,5iS
Not earnings
t,
{4'.!a,41S
& QnlnCT—
ExpenaoB....
M
~t43,208
The followlDg tatemeat from the ofllce of the Treaiarer for
December 3 was iuued laat week. It ii baaed npon th»actaal returns from Aasiatant Treasorera, depositariea and auper-
Disbursing
Net earninga.
Clev.
$3^688
I,('67,l<i8
UNITED STATES TREASURY STATEMENT.
North.—
Operating exp'i«e and laxea.
Chicago Burliniit'n
Oroea earninga
tl,.1»8.S!U
b'iO,go»
$l,4.t2.9»!)
11<I,513
t:OT.S'>«
160,4rS
t9".181
617
$98,571,075 24
Tue attention of investors, and the officers of States,
companies and others, iscounties, towns, cities, railroad
invited to the card of the New York, New England k Western
Investment Company, of 106 Broadway, which will be found in
this number of the Chuonicle,
careful examination of the company's circulars and other
papers warrants the opinion that this corporation, by a faithful
execution of its objects and purposes as set forth, may be made
one of the most valuable financial organizations introduced ia
In many respects it possesses
this market for some years past.
unusual intrinsic merit, and its conception does credit to itsIts charter is said to be a most valuable one, conferprojectors.
rinj; the amplest powers for the transaction of the several
branches of business enumerated in its advertisement ; and a
comprehensive system of agencies and attorneys devised and
established by the company would seem to furnish to investors all
practicable facilities for attention to their business in any locality.
The company, we understand, will not conduct a banking
business, preferring to take no commercial risks, and will not
guarantee, in dollars and cents, investments made for its correspondents; but proposes to give such careful attention to tho
legality of form and amount and character of security of all
investments made by it as will warrant the investor in relying
with all reasonable confidence on the safety of the investment.
Financial guarantees are very desirable; bat these often fail, and
the investor is finally thrown upon the intrinsic merit of his
security.
The officers of the company are, as we are informed, men of long
financial experience and intimate and thorough acquaintance
with the business in hand. They are highly spoken of by prominent officials under State and national government, as being jpiea
of strict personal integrity, and worthy of full confidence.
A
THE (CHRONIC LK
618
^0ttgtaya!@gmmeyciaX^ttflUsTx^cius
KATBS OF BXCHANOB AT I.ONDON AND ON LONDON
AT LATBST DATES.
JtXCHANOB AT LONDON-
NOVEMBER
OK—
J5.S5
short.
3 mos.
Hambnrg
,;
Frankfort
*•
Antwerp
Amsterdam.
Amsterdam
'^enna
Genoa
.
'•
i«
29.
short.
25.S7X
short.
20.46
20 46
20,46
26 30
12.05
is-.-iS
12.-2
N..V. 1^.
1-2
11.9r>i@12.0,'i
....
Nov. 29.
28.12>«(aJ8.1Ti^
Nov.
S9.
8 mos.
fhort.
ii«.c6
.7.iO
Nov.'
'S7.
3
mos.
41.55
©2(1.71
@iO.-Z
aas.eo
@12.3
ifi @li.5><
S(i.69
short.
3 mos.
RATE,
TIKE.
Nov. 29.
Nov. 29.
Nov. 29.
Nov. i%
iO.69
*'
>.
Mwlrid
Cadia
Lisbon
—
Alexandria
Valparaiso
...
...
Bombay
"
'*
27.
29.
.3
mcs.
...
60 days.
mos
Nov. 38
Nov. 28.
Nov. 87.
Nov. 27.
u. -,y,d.
u. •y.d.
6
U
*'
*'
8«.
**
ts.
%Xd.
iHd.
are
much labor. The
The Literal
of
causes
numerous.
party
While on the other hand, the Conservative
party, though not denying that the present unsettled state of
political affairs is prejudicial to our commercial interests, is at
the game time of opinion that the course of policy the Oovt-rn
ment is adopting is calculated more to bring about a permanent
settlement, which is most desirable, than the policy of Ifaving
the settlement of existing difficulties to a more cinvenient season.
may
be asserted that neither trade nor Stock Exchange
Now that the bank .ind the
is in an inflited condition.
firms which had been carrying on an unsuccessful, because
It
business
reckless, business are
in
liquidation,
there
is
reason to believe
we liave reached a safe bottom, and that a little encouragement only is requisite, in order to create some remunerative
that
business.
It is,
of course, late in the year for merchants to extend
their trade; but these
are certain and indisputable facta, viz.,
that prices are low, bread
is
cheap, and Ihat
money
is
obtainable
when we bear
in
mind that foreign competition
the operative class will have to
is
however, quite clear that
come to its senses, failing which,
likely to increase than diminish.
It is,
their sufferings will increase.
The only adverse feature in this week's Bank return is an
ncrease of £164,568 in the total of " other deposits."
The
total of these is now £27.060,490, which is sill about £7,000,000
There is an increase of .£1*0,171 in the stock
of bullion, against a recorded influx of £191,000, while the
reseive of notes and coin has been augmented by £433,626.
above the average.
latter item is now £12,743.428, against £11,547,182; the
stock of bullion being £20,503,333, against £23,311,547 in 1877.
The demand for money at the Bank of England continues to fail
The
off,
there being a reduction of £151,394 in "other securitits."
The total, however, is £20,639,981, against £17.054,368 last year.
The proportion of reserve to liabilities amounts to 41-93 per cent,
against 40-91 per c nt last week, and 47 02 per cent last year.
There has been a settlement on the Siock Exchange this week,
but scarcely any
effect has been noticed in the money market.
Stock Exchange requirements have, in fact, been very unimportant, and as the supply of mercantile paper has also been very
limited, the rales of discount have had a downward tendency.
The Bank
rate remains,
however,
5^
1%
a stateineat showing the present poiition of the
is
at 5
1377.
£
including
1876.
1875.
1874.
£
£
£
£
28 0)0,162
3,876,*77
Dank post bills
Public deposits
Other deposits
23,S79,9H
27.079,888
27,90•^,4^3
.3,111,753
27,1:60.190
3,07.1,430
Government securities.
14,737. 6'.3
21,63^, 931
20.;76.48o
13,578 372
17,051.365
6,633,84i
24.916,197
15,789,297
16,75i,031
11,852,842
26.656.138
4,702,124
17,r6>J,2H
12,879,615
a),053,ii32
18,:iH,2U
)2,74:U:!
11.5I7,13J
16,903,034
10,636,140
3,639,905
Coin and bullion in
both departments ... 36,503 313
PropiTt^on ( reserve
23,311,547
29,456, ',89
21,3:3,685
19,951,345
4702
53-14
2 p. C.
3 p.
43s. 2d.
46s. 8d.
13s. 6d.
6>.-d.
6Jid.
7X*.
22,678,51)0
4193
per cent; but in the open
market, the quotatiopt for discount are easy, a« follows
Bank-rate
Consols
English wheat.av.price
Mid. Upland cotton...
No. 40 male
5 p.
41s. 2d.
5 7-t6d.
'OXd.
i)!4'l-
twi.-^t
Clearing House
4 p. c.
91)i
51s. 5d.
6 7-lBd.
c.
86
81,381.100
return
c.
6 D.
c.
X93>f
Is. Od.
Is Ud.
lUid.
SO.S'.a.itO 129.721,000 135,623.000
The failure has been announced this week of Messrs. Fenton,
bankers of Rochdale and Ileywood. The failure seems to have
been caused by Slock Exchange speculation. The Manchester
Omrdian, of Wednesday, says
" The announcement of the stoppage
:
of Fenton's bank, made
vesterday, was a profound surprise to the great majority of the
people of Rochdale. The coming collapse was rumored early on
Monday, and other banks were warned to prepare (or a run upon
their funds; but the information was confined to a very limited
circle, and did not get to the general public until yesterday
morning. It cannot be said, however, that any undue disturbance of public feeling followed upon the announcement. Rochdale yesterday was fairly quit scent. There wai a slight run
upon the bank of Messrs. C. Royds & Co.; but that firm had been
forewarned, and the demand upon them was comparatively sosmall that lliey could never have had any dilliouby in meeting
it.
The persons withdra*iDg were mainly from the rural districts, who. it seems, are most easily alarmed in ihese matters.
Beyond this tliero was nothing in the outward aspect of the
town to denote that the collapse had occurred. Sympathy witli
'he unfortunate depositors was very generally felt, tliough this
was in some cases tempered by a feeling that many of them
might have saved themselves if they had carefully watched "the
way in which things were going."
announced that the British Loan & Discount Company,
Luce ttreet, Pn ston, Lancashire, have
been compsUed to close their business through the panic which
during the past few weeks has seized upon the depositors. In
that short period the company have paid out about £57,000. The
It is
Limited, ha\ing offices in
company was
started
some years ago, with a
capital of about
£5 and £$
The liabilities are stated at about £60,000; but with
the large amount of securities held by the company, it is thought
that a call of not more than IDs. per share will be required to
more enable them to pay the whole of the depositors 208. on the
These are sound bases upon which
to work, but, on the other hand, there U the indisposition on the
part of our operatives to work cheaply, and this is a ser!ous
at a very reasonable price.
matter,
3)4
8)^
1
attribute the present depression of trade to the foreign policy of
the Government.
Per cent.
10 liabiliUes
30, 1878.
all parts of the country, however, the accounts respecting
our trade are very depressing, and both ia the agricultural and
manufacturing districts, there is a constant agitfetion on the part
In many localities there
of the masters for a reduction of wages.
are strikes; but it is scarcely po.5si'ole that the operatives or the
agricultural laborers can succeed in resisting the reduction, as no
employment
by the joint-stock banks and
Discount hoaees at call
Discount nouses with V day*' notice
Discount bouses with 14 days' no! ice
coin
From
results
!
discount bouses for deposits are subjoin' d:
Other securiiies
Reserve of notes and
id.
Daring the current week, bue^hess, not only in London, but
also throughout the country, has been exceedingly languid, and
it almost seems that the depression has been incr ased by the
inclemency of the weather. Much rain has fallen, but a change
has just taken place and the weather is now clear and frosty.
these
iMmV,
rates of interest allowed
1578.
1«. id.
London. Saturday, November
producing
4!<(^i.H
Per rent.
:
prica of middling
upland cotton, of No. 40 mule twist, fair second quality, and the
Bankers' Clearing House return, compared with the four pre"
IFrom our own correspondent.!
necessity exists for the
bills
ratfis
months' bank bills
4J,'®4Jf
months' bank bills
4^(^4)^
and 6 months' trade bills. 4>«ig5
the average quotation for English wheat, the
96
4.82
60 days.
....
....
*•
The
6
4
vious years.
Nov.
Nov.
CalcntU
Hong Kong..
Shanghai
and eodiys'
4
|
[
months' bills
Circnlitior,
York...
Ki« Janeiro
.3
Annexed
51V4®J1X
90 days.
30
Opcn-marltet
|
5
B.ink of England, the B.vnk rate of discount, the price of Consols,
isMk&v.y.k
Naplw
New
Nov.
35
25.4'j;5@25.5.i>5(aao.T.i
i0.ti»
**
..
©25
yer cent.
Bank rate
Open-market rates;
Joint-stock banks
LATEST
DATE.
RATE.
TIICS.
Paris
Paris
Berlin
EXCHANQK ON LONDON.
89.
[Vol. XXVII.
£20,000, in ,£10 shares
A and
B, on which re.qpectively
were paid.
pound.
Henry Taylor & Sons, grain
merchants, Glasgow, has been announced, with liabiliMr. William Taylor, one of the
ties amounting to £130,000.
imprisoned directors of the City of Glasgow Bank, is the senior
partner of the firm, and the liabilities do not include the bank
The
Etquestration of the estate of
and
flour
call
on the shares held by him.
meeting of the creditors of Messrs. Smith, Fleming & Co.,
was held on Wednesday, and the following were the principal
A
resolutions passed.
First, That the affairs of John Fleming, Robert M'llwraith and
William Nicol, the younger, shall be liquidated by arrangement,
and not in bankruptcy.
Second, That Mr. R. P. Harding, of No. 8 Old Jewry,
accountant, should be appointed the trustee, with a committee of
irspection, consisting of Mr. Jamieson, one nf the liquidators of
Mr. Corfield, ot Henry Rogers, Son &
the" City of Glasgow Bank
Co.; and Mr. Beiih, of Beith, Slevenson & Co., Manchester, with
power to fix tbe remuner.ition of the trustee and to audit the
accounts, two to be aquoruni; and that Messrs. Murray, Hutchins,
and Stirling, of Birchin Lane, should bs the solicitors for
;
registration.
The following
details,
made
to
the meeting by
Mr. Johtt
Fleming, will prove of interest.
In January, 1870, the capital of our London, Bombay and
Decbmder
THE OHRONICLR
14, 1878.J
619
•OLD.
Kurracbre firm* aggriKated £541.000 ;but, allowing for bad d«btR,
<l.
(.
•• d.
H«rGold,fln«
per oz. itandard. 77 9 9 T! tU
should be taken «t £100,000. In April of tUiit y^ar we settled li<ir (Jnid, reAnable
~
,p«r oz. itandard.
witb the estate of our late partner, Mr. J. Smith, who died In Jan., >imnli<ti Donbloont
per ox.
.'toiith American Dorihloon>
per ox.
IfcOO, and having regard to the eiiatcDce of acveral nccountg of
Uttited
KtiitoH
Of)ld
Coin
perox.
,
doubtful value, we pompromlsfd for £100,000, of which £50,000 Uermaii i{old
coin
piros.
wag taken in properly, £30,000 in cash, and £30,000 in obllRaeiLVCR.
tlons eitfndintf over three years, of which £14,000 is still unpaiil. Mar Silver, fine
per oz. ntsudard, last price.
About the mifldle of July, 1870, our Liverpool c:)rresponcleiitf, Bar Silver, cou'ng 5 gra. Gold
pen. a. etandird.
per ex, U>t p>lce.
Nlcol, Duckworth & Co., informed ua of their having incurred Muxicon Dollars
Chilian Dallars
perox
last. t>rlco.
cotton,
of
speculations
In
which
until then
heavy los^e8 throu|2b
(tulckallvor, £6 IM. td. D aconnt, 8 per cent.
they had kept us in if^norance, and that, as their means were
The
following are the oarrent rate* of discount at the
quite exhausted, they must almost Immediately stop payment.
ptincipal foreign markets
They were already indebted to us to the extent of £168,000, but
Banic Open
Bank Open
through ultimate deficicBciifS In the securities the final loss susrate, mark't.
rate, mark't.
tained by ourselves and our foreign bous'es by their collapse was
p. c.
p. c.
p. c
p. c
3
had also heavy loiaea of our own at that time P.irn
iXi^iJi St. Petertbarit
6
£263,000.
4itOS
Urossela
Vienna and Crieata.
4)i ;ij<
iH *H&^H
confroniinK us, owing to the fudden and severe depression caused Amsterdam
4
4
Madrld.Cadlzaod Darby the outbreak of the Franco German war, which ultimately Ili'riin
»
4
cclona
6
6
5
4 ®4X
Lisbon and Oporto....
aggregated £90,C00, and we Irlt there was no course open to us IlambnrK
5
i at
Frankfort
6
4 a4if NewYork...
4)4^
but to fluispend payment. At this time we were Indebted to the Leipzig
5
Calcntta
4tttt4X
4
City of Glasgow Bank for advanceson our own accunt altogether Genoa
4
4
Copeolugen
4^ji 4 ®4X
4
4
amountiniftoonly £20,000 cash, and £122 000 credits; and as these Geneva
were more than covered l>y substantial security, the bank could
The weekly sale of bills on India wo* held at the Bank of
During the three
not have suffered any loss by our stoppnge.
England on Wednesday, and £200,000 was allotted to Calcutta.
years immediately precedinj;, the combined net earnings of our
three fiims in London, Bombay and Kurrachee exceeded an aver- Applications at Is. 7 7-lGd. the rupee received 05 per cent.
age of £00,000 per annum, and we could see no reason why such Tenders for £300,000 will be received on the 4th of December.
earnings sliould not be continued, if only our credit could be mainStuck Exchange business daring the week has been upon a
tained, particularly having regard to the very low level to which
The public seem to have lost all interest
most
restricted scale.
had
fallen
in
consequence
of the war
prices of poods and produce
in securities; but this may arise out of the fact that the rund»
I went to Glasgow, and had a lonf; interview with the manager
and several of the directus, at which our position was very fully available for investment purposes are very limited. Speculative
discussed, and our stoppnge was by all strongly deprecated.
Un- businiss is also much restricted; bsit, notwithstanding
some
fortunately, my partners and I did not regard our position as
irregularities, the markets have, on the whole, been tolerably
irretrievaiJIe, and were not unwilling to accept assistance, provided it could be given creditably, and bo as to preserve our firm in tone. No fictitious support is now afforded, and hence
money-making powtr. I did not ask assistance, but when it wa» tliere is reason for believing that some judicious and profitoffered I did not feel justified in refusing it, providing it
able investments can be ma-je.
It seems to be tolerably clear
could be rendered in a manner which I conceived essential
Much discussion took place, and when thit capitalists are not sellers of stock, as the marke's are firm in
to secure success.
tone, in spite of a most restricted business but purchasers are
it seemed
to me that the magnitude of the dilHculty and
the corresponding nquirements were not fu ly appreciated, few, more no doubt from a want of capacity to buy than from
and proposals even made of arrangements calculated, in my any disinclination to do so. Business is
expected to rale Yety
judgment, to bring all coLcerned into discredit, 1 refused
I
was, however, requested to re- quiet during the next six weeks.
to go, and left the room.
In the state of the wheat trade, there has been nD important
turn, and ultimately consented to undertake what I knew must
be a long and arduous, though I believe not liopeles?, struggle, movement but there has been a tendency to firmness as regard*
upon assurances being given of elTcCtual assistanc. The hopes the better qualities of produce. Our importations
are liberal,
with which my partners and I entered upon tlie s'rug^le were all
doomed to disappointment. Our credit never recovered the shock but are not largely in excess of our requirements.
During the week ended Nov. 23, the sales of home grown wheat
it sustained in 1870, and the Eastern trade, with the exception of
a short period of prosperity in 1871, has been depressed everi in the 150 principal markets of England and Wales amounted
^
since, and has latterly been disastrously bad.
Our recuperative to
49,5S0 quarters, against 39,524 quarters last year; and it i»
power failed. We sustained heavy losses in our trading, and we
that in the whole Kingdom they
estimated
Wi-re 193,32(>
subjected
in
addition
since
1870
been
to
losses
have
aggregating [
OTer £900,000 through our relations with other firms.
The quarters, against 158,100 quarters in the corresponding period of
enormous losses which have thus accrued have, however, been 1877. Since harvest the sales in the 150 principal markets have
greatly aggravated by charges for commission and interest
been 723,450 quarters, against 616,907 quarters; while in the
through the necessity for keeping them floating, which we were
only enabled to do by the assistance of the acceptances of the whole Kingdom it is computed that they Lave been 2,913,800
bank. Daring the eight jears which have elapsed since 1870, we quarters against 2,472,000 quarters in the corresponding period
have kept the back constantly informed as to the state of our of last season. Without reckoning the supplies furnished exaffairs, submitted our balance sheeis, monthly statements of bills
granary at the commencement of the season, it is estimated
payable and of incomings and outgoings, and have made frequent
reports of oar own position and that of the firms closelv related that the following quantities of wheat and fiour have been
with us, and whom we were, with the full knowledge and concur
placed upon the British markets since harvest
rence of the bank, compelled by circumstances to support.
It
1878.
18T7.
1876.
1875.
cwt.
cwt.
cwt.
has long been obvious to us that, unless some extraordinary piece
13,336..'i81
Imports
of wheat
15,.30T,44«
9,40:,6o5
17,593,869
of good fortune should befall us, we could never clear off our
Imports of floar
1,707,910
l,794,lil
I,5f6.(>6>i
1,540.449
debt to the bank but we did believe it possible, were trade only Sales of home-grown produce
12,6*1,600 10,711,500 130i8,5C0 10.703.000
moderately prosperous, to earn the charges upon it. We would
ToUl
87,660,991 J7,813,0ei7 2i,«Il,171 39,342,318
have gladly relieved ourselves from an intolerable burden long
Sxporte of wheat and flour. ..
.
649,S-«
667,787
317,604
74,41»
ago, but bavins accrpted such ]arge assistance we did not feel
oarsfives, and, indeed, had ceased to be, our own masters; and
Result
87,011, 668 87,813,340 «1.698,5li7 i9,767,9C0
tie. 4d.
478. Od.
47«. 3d.
being completely ignorant of the position of the bank and of the Aver, price of Bni£. wheat for season 4ib. 6d.
existence of the state of affairs revealed since its stoppage, we
The following figures show the imports and exports of cereal
felt onrstlves bound to struggle on when called upon to do so by
produce into and from the United Kingdom since harvest, viz. ^
the bank. It may perhaps be said that we ought to have had the
moral courage to disregard the pressure put upon us to continue from the first of September to the close of last week, compared
each a struggle but we were bound to believe that those who with the corresponding period in the three previous years
upported us, and on whose behalf we were carrying on our busiDCPOBTS,
ness, knew belter than we did their own power an! resources;
1878.
1877.
1876.
1876.
cwt. 1.5,326,531
l.\8. 7,44-1
9,407.003
17.5!)«,86»
and we could not but suppose that due regard was had to our *he»t
Barley
3,45ii,8l>5
4.138,693
3,118,951
2,991,74*
position, and provision made for the probability of loss e'.ther by
3,'.48,733
3,18!t.f5!
2.;9S,1S5
i fSS 5I«
writing off a portion ot our indebtedness or by due addition to the Peas
68J,:i76
470.879
486,938
877,478
1,1'I6.8H
407,61
1,234.684
982,383
reserve fund. It was natural on my part to suppose this, and it Beans
S.l 83,833
7.1HS,019
11,065,7(8
8,.':51,8'ib
was not until M'ssrs. M'Oregor & Anderson made their report Indian Com ....
l,565,l.6«
1.510,4I»
1,707,910
1,794,121
Plonr
that we had any knowledge that this had not been done.
ZP(>BTS.
Gold has been in demand for Germany, and, in addition to the Wheat
0»4,f27
CWl.
585,897
304.208
69,908
8S,Sie
5.1 1'8
7,167
4»,»68
alsorption of all our importations, a moderate fupply of bar gold Barley
,
,
:
We
.
M
;
;
.
;
.
.
;
18.780
8,0(1
I.3^7
si.ces
Oats
hsa been withdrawn from the Bnuk. Rather a coosi lerab e
supply of Australian sovereigns, liowever, amounting to £230,000
hag been sent into the establishment. The silver market,
notwithstanding that Gtrmany has sold considerable quantities,
has improved, the price of fine bars having risen to S0id.(350id.
per ounce. The steamer for the Eaat has taken out £25.5,000—
a larger supply than for come time past. Mexican dollars are
firm at 49|d. to 49}d. per ounce.
lion are
from Messrs. Pixley
&
The following
Abell'd circular
prices of bul-
Beans
[adlaa Cora
Pinnr
42 4114
S.VSS
id,-:ii
7.837
40.591
6,463
10.713
78,414
4,147
3,268
33,075
11,830
149.9.30
18.4 2
7,5i)>
4,aU
EneltKb market Report*— Per Cable.
daily closing quotations in the markets of London and
Liverpool for the past week, aa reported by cable, are shown ia
The
summary:
London Money and Stock Marktt. The bullion in the Bank
of England has decreased £369,000 during the week.
the following
—
'
THE CHEONKXE.
620
PhUa.
& ReadiQg
Wed.
Mod.
Tne».
Dec 9.
59K
Dec. la
50
Sat.
Dec. 7.
Silvor.peroz
d. 50?,'
OoniolB for money.. 44 .V16
" acconnt.. 94 :-16
O.S.Be (5-208) 1887.. ..insr.
110
O.8,10-40s
tJ. S. 58 of 1881
108V
U. 8.4X8on891
1I)6J.'
Erie com. stock
18>i
IH
niinoiB Cectral
Pennsylvania
3iH
94 l-i6
94 6 16
Dec.
911-16
13-16
9.J
Thnr.
Dec
50K
11.
50>i
10)%
94 5-lS
108?i
109Ji
1II8X
106?f
108K
lOH^
lOHX
18K
lUeji
IS-X
94 .3-16
lf8!i
W^H
WU%
13>f
80
l2)i
13
7i
....
3m
....
iS
941<
108?i
W:iy,
108«
106«
x^OJJi
Mon.
sat.
d.
Tnes.
d
8.
8.
Is'/4
!?«
79
79
89
8 11
96
9
54
23
—
Pork, Western mess.. ^ bbl.
Bacan, longcl'r.new.^cwt.
"
Bacon, short cl'r, new
Beef, prime mesa
^ to
Lard, prime West ... ^ cwt.
"
Cheese, Amer. choice.
d.
41
24
i6
6
41
21
2j
6
32
46
6
32
46
6
8.
Tallow, prime City., ^cwt 36 9
'•
Bpirite turpentine ..
aj
Hosln, cominoa
"
Rosin, fine
10
Petroleum, reftned.. ^ gal
*'
Petroleum, spirits....
....
"49
9
2i
9
3
9
24
2:5
3
23
3
23
Thar.
8
3
3
Fri.
d.
d.
8.
d.
8.
6
40
23
26
6
40
23
26
6
40
93
25
6
6
31
9
—
...
46
38
46
32
45
Tues.
Wed.
Thnr.
45
8.
d.
8.
d.
8.
d.
8.
d.
36
22
9
36
22
9
.56
U
»
49
22
4
10
38
2J
9
49
10
10
49
d.
8.
86
22
9
49
....
..
1878
$1.0W,f.03
1875.
1876.
$1,024,670
3,876,713
^,09S,465
$1,165,838
4,572,649
Total for the week..
Previously reported....
$t,9Jl,413
306,144,836
$3,862,598
861,810,888
$5,73^,487
297,059,019
»5.7.i6,894
86.3,913,489
$311,345,619
1265,673,486
$308,797,566
$269,650,083
1877.
$164,133
4,707,'>86
In our report ot the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port ol New York to foreign ports for the week ending
NEW TORK FOR THE WEEK.
18*6.
1875.
Since January
New
York
...
1
for
$6,583,197
2.0,659,865
.121,361,894
$215,481,262
$261,253,664
$277,848,462
$327,526,596
Dec.
Dec.
B— Str.
»6,161,70i
show the exports
the week ending Dec.
will
parison of the total since Jan. 1,
totals for several previous years:
Dec. 5— Str. Frisia
London
Dec.
1878.
$6,662,510
254,691,114
Previouily reported....
The following
1877.
$6,540,960
238,940,28*
City of
of specie from the port of
7, 1878, and also a com1878, with the corresponding
New York... Liverpool
7— Str. Germanic
Liverpool
7— Str. Rhein
Amer. silver bars.
Mex. silvir dols.
Amcr. silver bars.
.
$85,000
2,^00
23,500
5 franc pieces
Mex. silver dols .
Amer. sll.
dols.
Mex. silver dols..
1,500
74,589
2,000
80,000
a
London
Total for the week ($159,089 silver, and $
gold)
Previously reported ($5,965,713 silver, and $5,615,43! gold)
Total since Jan.
Same time
1.
1878 ($6,184,741 silver,
$25,377,775
42.80!,4'.7
67,971.745
54,.391,284
48.14(1,769
69,076,657
The imports
„
Dec.
1870
1869.
1868
1867
1866
of specie at this port
been as follows
Dec.
Dec.
1871
8— Brig Julia Blike
»— Str.Cily of Vera Cruz ...
„,
during the same periods have
Santiago deCnba.Amer. silver
Vera Cruz
...Ruatan
Dec. 4- Str. Colon
Dec. 4— Str. Saratoga
Dec.
„
4— Str.
City of
Amer
$8,0
silver
5,256
Fortlgn silver....
78,-361
Amer. gold
13,870
3,900
Foreign gold
„
3—
Helen
,
$5,815,434 gold).. ..$11,
time in
$61,831,146
57,804,691
30,917,244
69,837,416
47,093,994
60,497,607
:
_
-,
910^
and
Same
In
1877
1874
1878
1874
1873
187»
$169,0;9
11,781,146
New
Aspinwail
Uavana
Foreign gold
York... Vera Cruz
....
Amer. silver
Amer. gold
Amer. gold
Amer. gold
347
3t0
69
.
.
.
silver bullion
Foreign gold
Dec. 5-Schr. Marcia Reynolds ..Puerto Cabe:io...Amer. gold
Dec, 6— L. A. Van Brunt
Nassau
Amer. silver..
Dec. e— Str. Crescent City
Aspluwall
Foreign silver
.„
.
1,200
„
Amer.
silver
Foreign gold
2,80,1
S2,8.=3
l,3-i9
..;
..
2,850
1,160
3>i0
8."61
3u0
Sub-Treasury have been
,
Payments.
,
$555,560 72
602,.305 69
573,339 83
682.784 13
367,472 24
600,250 90
^
Cnln.
Currency.
$393,392 74
559,110 33
217.717 30
l,152,.35l 99
230,184 91
245,794 93
$55,3.588 C6
Currency.
St.
&
Paul
Pacific.
— The earnings of
ending June 30 are published as follows
'
First Division
Branch Line
Red River
&
Manitoba
909,208 53
406.859 47
229,315 78
55-.',',:34
09
3!0,243 4i
this
road for the year
:
1877-78.
1676-77.
$595,887
$n6,5SO
35!,:3S6
300,398
111,113
$1,088,330
$; 76,978
$i5!>,218
?336,24«
147,500
Expenses.
FirstDivieion
Branch Line
Red Rivei & Manitoba
167,832
95,401
$682,451
8483,744
S-23R,fi0)
$!31,&38
152,898
Net earnings.
First Division
....
.
]l.r,.3.3.494
14,974,162
6,761,921
3.086.8C9
9,579,890
Total
$1,5:0,030 $5,303,783 95 $3,221,710 33 $2,828,460 20 $3,041,213 S7
122,968.130 83 46,705,825 49
Bslance, Doc. 6
125,437,453 03 48,885,722 48
Balance, Dec 13
....
General merchandioe...
SXP0BT3 FROM
203.000
2»5,0n0
317.000
218,000
at the
Total
10
10
....
The total imports were ^5,736,804, against $5,748,083 the preceding week and $5,369,231 two weeks previous. The exports
for the week ended Dec. 10 amounted to $6,164,703, against
$7,195,710 last week and $6,783,304 the previous week. The
following are the imports at New York for week ending (for
dry goods) Dec. 5 and lor the week ending (for general
merchandiee) Dec. 6:
FOREIGN IMPOnTS AT NEW YORK TOR THE WEEK.
rortheweek
280,0110
$6,5^2,509
Receipts.
Coin.
$23^,363 PI
234,604 11
315,181 42
1.963,''46 03
1,792,815 73
759,767 15
Fri.
—
...
week
$237,000
10.
11.
12.
13.
$7,196,321 sold). .118,717,502
1868....
1867
1866
i:
Imports and E.KroiiTS for the Week. The imports of
last week, compared witli those of the preceding week, show
an increase in dry goods and a df crease in general merchandise.
Since ilanuaryl
lP,5i0,638
6,505,833
Customs.
9..
60
88
8 10
94
® anxtwevctal autX?^ tsceHattCtftts ^^l^cxus.
DryGoods
..
Dec.
and
»164,?29
18,652,773
1871
1870
1869
Total
Mon.
.
6,K0,744
,
6
9
3
U
12.743.581
d.
23
8.
40
23
36
r,7S7,616
FrL
8.
d.
32
—
Sat.
8. d.
d.
6
81
89
8 11
96
Wed.
$jej
14,500
Sametimein—
$14,.368,364
transactions for the
as follows:
9
24
....
Liverpool Produce Markit.
.
Tnes.
d.
8.
9
3
3
83
81
89
8 11
98
81
97
8.
1878 ($11,521,181 silver,
The
Thar.
d.
6
8.
8 10
88
8.
Wed.
1,
Same time ju—
1377
1876
1875 .,
1874
1873
1872
lOCVi
12>a
83
34
Wheat.spring.No.lWIOllb
do No.jnew"
82
do
winter W. new "
8 10
8 10
do
9
9
do Southern, new. "
do Av. Cal. white.. "
"
9 10
9 10
do Cal. club
Corn, mixed soft, old, V qr. 81 3
24 3
"
83 6
do prime, new
23 6
Liverpool Provisions Market.
Sat.
Mon.
97
d.
8.
21
Amer. gold
Gold Qusi
Total since Tan.
109^
1U8M
— See special report on cotton.
Market. —
Flonr(eitraSiate)....»bb1. SI
Aspinwail
Total for tlie week (JIO.3,594 silver, and $61,135 gold) ..
Prevloasly reported ($ll,417,5s7 silver, and $7,135,186 gold)
94J<
9) 7-16
Liverpool Uottan Market.
Liverpool Breadstuffs
Crescent City
13.
5i>i
94 1-16
....
6— Str.
Djc.
Kri.
Dec.
VZ.
[Vol. XXVII.
Branch Line
Red River JS Manitoba
IS.3,564
45,712
$165,885
Total
$292214
to be completed this week, when
the track of the Canadian Pacific's Winnipeg Branch was to reach
the border at Emerson. Next week regular trains will probably
be run from St. Paul to Winnipeg and n'ort Garry.
The Manitoba connection was
—
South Monntain (Pa.) The trustees under the mortgage ott
thii road have obtained kave from the United Slates Circuit
Court to re-open the decree of foreclosure granted in October
last, and to file an answer thereto,
—
Virginia State Debt. The Governor eaid in his message that
the total debt of Virginia at present is about $39,350,888, including $30,334,578 tax-receivable coupons, $7,307,935 " peelers," and
$1,818,375 " sterling." The accrued and unpaid interest on these
various securities amounts to about $4,300,000, and the annual
deficit is now, including interest on the literary fund, $854,952,
At this rate the
or nearly three per cent of the total debt.
unpaid interest will equal the principal of the debt in 35 years.
The revenue at present applicable to the payment of interest is
$972,263, and this, nevertheless, is derived from a State tax of
50 cents on tho $100. The total interest required to be paid is
$1,743,865, and to meet the deficit an additional levy of at least
This, says the GoT26 cents on the $100 will need to be made.
ernor, is more than the people can stand, and, happily, the bondholders do not demand any such sacrifice. They are willing to
take the long bonds bearing 4 and 3} per cent interest. At these
rates the deficit would be reduced to $453,645, which can be met
by an increase of 15 cents tax on the $100. It is quite possible
that, with a more rigidly enforced economy in general expenditures, the tax rate will not need to be increa.ied above 10 cents on
the $100. To induce the holders of these bonds to surrender the
diffarence of interest, it is proposed to offer them a belter bond in
exchange one that gives better security than that upon which
the present consols rest. This will be found in the text of the
bill which the Governor has submitted to the Legislature, and
especially in the third section, making specific provision for the
sinking lund by an annual levy of 3 CiUis on the $100 after 18S5,
the sums so received to be managed by a special commission, and
to be applied exclusively to the purchase and redemption of the
bonds created by the act.
—
—
The holders of the consolidated bonds of the St. Louis &
Siutheastern Railway Company are notified by tbe committee,
Messrs. George Opdyke, M. K. Jesup and Jacob H. Schiflf, that,
decrees having been entered upon the mortgage securing these
bonds, holders who desire to share in the benefits of any action that
may be taken by the committee on behalf of the holders of the
bonds coming into the "organization agreement," must, on or
bsfore the 1st day of January, 1879, deposit their bonds with the
Continental National Bank, subject to the order of the committee,
and pay the amount of one quarter of one per centum thereon
under the terms of the said agreement.
Attention Is dirtcted to the advertisement of Mr. W. H. Granbery, 14 New street. New York, informing the public that he
buys and sells decimal lots of all active stocks dealt in at the
New York Stock Exchange, on the usual margins. Mr.
Granbery is well known on the street and orders will no doubt
—
receive the best of attention.
—
Messrs. Walston H. Brown & Bro. call attention to the firBt
mortgage 7 per cent bonds of the Sioux City & Pembina RR. Co.,
issued on a basis of less than $6,000 per mile of road, and guaranteed, principal and interest, by the Dakota Southern RR. CoThese bonds are well worth the examination ot investors, being
offered at 87^ and accrued interest.
i
I
Dkcbmbbb
THE C'HRONIOiE
14, 187S.]
621
Ditc.
7.
BANKS OROANIZBD.
NATIONAI.
The United
8», 1881
rA(r.
6», 1881
coup.
Os, &-20«, 1805... reR,
Stat»8 Comptroller of the Currency furolihes the
followiofr statemcot of National
Banks orKanizod
:
l;40S— FarnierK' N»tloiiaI Bank of Valparaiso, Indiana. Authorized capital,
SSil.iMi; paid-in cnplul, $30,000.
Joseph Gardner, President; Geo P.
DartboloDaew, Cashier. Authorized to commence builneas Dec. 6, 16T8.
DIVIDENDS.
The followlcz dividends have recently been announced
Pan
MaXI or COXFANT.
Wheh
Books Closkd.
Cknt. Patabli. (Dnys
Inclusive.)
J. 106\4
J. *100>e
J. noo"!
Railroads.
& Unuklng Co.
Otntml Railra:ia
$2 50
$»
Lehljfh Viilley (quar.)
Mor.ls & E'<sox..
New York tk'utral
Hudson (auar.).
New York
llarlciu
Atlantic
Vestcru
&
& New
15.
i.
3
Jan
'>.
4
Jan.
Dec.
1
&
&
Syracuse Binulinmioii
8«
Dec.
Jan.
Jan.
Jan.
York...
3
Tlio niouer
class of
Do :.
3J.
IS.
Dec. 20 to Dec. 30
Dec. ai to Jan. 15
of the officers of leading trunk railroad lines
New Vork, and the establishment of a freight "pool" to last for fire years, presented one
view of the railroad question; and the bill just passed in the
lower branch of the National Legislature to prohibit all freight
pools or combinations, and otherwise to regulate the charges on
between the West and the seaboard, in
view of the same sub
Ject.
Our
money market has
local
for call loans,
The Bank
ruled very easy at
2i@i per cent
and 4 to 5i per cent for prime commercial paper.
England statement on Thursday showed a oonof bullion for the week, amounting to £369,C00
of
-iderable loss
100%
103%
103
lOtf
106%
109%
107%
107^8
lOOlg
106%
104%
104%
99%
120381 120>s 119\ 120
lale wa« made at the Board.
Range since Jan.
1881.... cp. 1051s
Ii«, .'>-20s,'t!."i.cp. 102 '4
6rt, .'5-2()8,'07.cp. lot's
(i8, .')-208,'08.cp. 10li%
Amount
1878.
1.
llighost.
80.
Jan.
106 >4 •IO6I4 106%
109 1« 100% lOftH
100 >< 100% 100% 100% 100%
110% 110%
lOOas
I>Owcst.
The principal measure of any importance in Congress was the
bill "to regulate inter-State commerce, &c.," which passed the
House of liepresentatives by a considerable majority.
The
railroad transiwrtation, presents another
ioe>e
in prices since Jan. 1, 1878, and the amount of
1, 1878, were «8 follows:
Dec. 16 to Jan. 18
FBIDAT, DEC. 13, 1878-S P. 111.
Market and Financial Situation. The week
week
13.
100>«
each
bonds outstanding Dec.
t)8,
a
l>ec.
12.
—
the price bid; no
2.
has been a quiet one in financial circles, and the Stock Exchange
transactions have shown only a moderate speculative business.
meetings last
l8
Dec.
11.
,
1.
miitoellaneaus.
I'aciilc 'l\lo>;raph (quar.).
Union Telegraph (quar.). ...
This
The range
19.
Deo.
10.
J.''1031« 103»g
J
10.31s -102^8
58, 1 (M08
coup.
5s, fuuil., 1881. ..rog.
68, fund., 1881. .coup.
4»«8, 18UI
reg.
4'«s, 1891
coup.
4g, 1907
roe.
48, 1007
coup.
Qg, cur'oy, '95-99 reg.
•
(Ga.).
Doc.
9.
109 li 100
100 « ioo<Hi 100»8 •loo's
103<>| loas, 10.'ia|»
•lt)-J
103
io:<
J •los'snoi's 105^8 10«1
106
'lofl^'ioess •lo6^ •1061a •106 ••
logi* >ioe>< 109 >« 1091s •1091s
107i>8*107'a 107 "s 107 », •1071a
107<>8'107>ii 107 Is 107i>H •107 "a
100^ 100>4 100 "8 100>4 100>4;
'100i« •106>s lOO's 106 >8 106 >4
104H) 1041s 104 •104 19 10418
104 14 104
10419 10418 104 1«
99 3* •993^ •99% •99% 99%
5-20H, ISOS .coup.
(IH, 5-20a, 18fl7...reK.
On, ft-208, 1S()7 .coil p.
Os, .'i-2()», 1888,..r«)?.
(5», .V,iOs, 1808 .coup.
58, 10-4()a
roK.
Oit,
.
nichburj;
Deo.
Coupon.
Feb. 25 1103i Jiine27 *190,772,9.50
July 22 10.5 Is June
Aug. 12'108'8 Juno27
2 111 '4 June 28
58, 1 0-108... cp. lo:i-'H Mch.
I0!I38 July 29
5.'<, fuud.,'81.cp. 102% Fob.
lOT's July 30
4138, 1801 ..cp. lOl's Mch.
IO.JI4 Nov. 27
49,1907 ....cp.
Oct.
102\ Jan. 9
Os, ciir'ncy.rcB. I1714 Apr.
5 12218 May 25
Jan.
—
Deo. 1.
Registered.
$82,903,400
22,lS.t,5.')0
14,0.18,900
110,224,000
10,193,500
144,280,800
240,990.900
162,555,800
122,899,050
64.623,512
194,390,000
21,271,800
50,285,500
258,449,450
87,444,200
54,600,950
State and Railroad Bonds
There has been a moderate
business in Southern State bonds, and the Louisiana consols have
fluctuated with the varying reports as to the prospects of the
payment of .January coupons. The propositions from Virginia
bondholders are well received at Richmond, but some of the
" re-adjusters" are naturally dis.satisfied with the present, as
they probably would be with any proposition from London.
Uailroad bonds have shown a little decline in activity, and
those issues sold heavily on speculation have declined somewhat.
The issues of bonds sold for investment, however, generally hold
their own very well, and prices are, as a rule, quite firm.
It is a
trite fact, but worthy of notice, that the railroad mortgage bond
is the only sort of security dealt in at the Stock Exchange which
has a specified lien on any piece of property. United States
Government, State and city bonds depend for their value upon
the good faith and solvency of the parties issuing thera, and the
stocks of banks, railroads, and other corporations, are all liable to
become valueless by the mismanagement of directors, or by the
incurring of debt obligations which take precedence of the stocks.
Messrs. A. H. MuUer & Son sold the following at auction
:
the percentage of reserve to liabilities was reduced to 31
j
week; the discouut
was left unchanged at 5 per cent. The Bank of France lost
•cent, against 40i per cent the previous
I
9,000 ifrancs in specie,
and exchange was
in favor of gold
tipments from Paris to London.
The
lipsned
1
last
New York City Clearing-House banks,
showed a decrease of $4,177,750 in the excess
35 per cent legal reserve, the whole of such excess
statement of the
December
akove their
7,
[tiring $8,36(5,050, against $12,543,800 the previous
The following
'
week.
Shares.
300 Broolilyn City ER.
2 Clinton Hnll Asso
$2,000 St. Charles Bridee Co.
10,000 Chic. & Alton KR.
p. c. gold sinking fund ...
8,000 Receivers' ccrtilleates
N. Y. & Oswego Mid. KR.,
all unpaid, coupon on
Closing prices of leading State and Railroad Bonds for
weelts past, and the range since Jan. 1, 1878, have been as
lows:
shows the changes from the previous week
with the two preceding years.
States.
Louisiana consols
1878.
Deo. 7.
Dlffer'ncea fr'm
previous week.
1877.
Dec. 8.
1876.
Dec. 9.
LoBn8 and dls. $2:19,813,500 Inc .$3,377,100 $238,578,200 $250,631,000
20,10','. TOODoc. 2,797,700
18,995,000
22,923,400
20,05-^,-200|Inc.
51,200
18,208,300
13,032,100
207,0.-.8,000!luc.
201,400 190,912,300 204,8.50,800
39,901,000lDoc. 1,314,700
38,478,700
36,373,900
Specie
Circulation ..
Net deposits
Legal tenders.
.
Vnltcd States Bonds._There was rather a
dull business in
'vernments until yesterday, when a considerable demand set in
om insurance companies and savings banks, apparently to put
their funds into these securities preparatory to Dec. 31, at which
date their annual statements are rendered to the departments at
Albany.
Subscriptions to the 4 per cent bonds keep up, and the
five-twenties of 1865 are now nearly all called in.
The Treasury Department has issued the seventy-fourth call
ir redemption of 5-20 bonds, dated Dec.
9, and the interest on said
•nds will therefore cease on March 9, 1879.
The description is
.3 follows:
Coupon bonds, dated July
1865, namely: $100, Nos. 146,001 to
11,, 000. both inclusive .$500, Nos. 104,001 to 105,000, both inclusive;
*1 .000, Nos. 200.001 to 204,000, both Inclusive.
Total coupon bonds,
1,
:
r
'
$2,o<io.ooo.
Keristercd bonds as follows: $100, Noe. 19,261 to 19,279, both IncluSive: $500, N»8. 11,321 to 11,326, both inclusive; $1,000, Nos. 39,301
to :i:i.:iiit, both Inclnslve; $5,000, Nos. 12,701 to 12,704, both Inclusive: .*l().000. Nos. 25,351 to 25,700, both inclusive. Total registered
«:!.ooo,ooO. Aggregate, $5,000,000.
Closing prices of securities in London have been as follows:
O.
8. 68, 5-20B,
U.S. 5», 10-408
6b of 1881
4i38 0f 1891
1867
Nov.
Dec.
Deo.
29.
6.
13.
Range
since Jan,
liOWCSt.
1,
1878.
Highest.
108%
108=8 XO3I3 105% Jan. 2 109<>8June 8
log's 104% Feb. 25 llliS8Jnly30
108% 108% 108is;i03%Moh. 1 109% July 9
Il00% 100%il00is!102i*i Feb. 25 107% July 30
liog's 110
Closing prices at the N. Y. Board have been as follows:
80%
Jionds.
1,500 Cent. Pet. Co., N. Y.,
2.5 N. Y. Milt. G'lif,'ht Co.. 5GI4
100 PhU. & Reading RK... 2312
(jO Rutgers Fire Ins
loo's
22 Star Fire Iiis
IO.512
14 Moch. <fe Trad. Fire Ins.l78is
table
Iwd a comparison
Shares.
50 Nassau Bank
172
40
for $3
i
13.
•72
Virginia Os, consol
do
Dec.
6.
73!^
•1005^
•I919
•33 ig
Mis.sonri Os, '89 or '90
North Carol na 6s, old
Tennessee Os, old
do
Dec.
2d
series..
41
Range
since Jan.
Lowest.
1,
84
09
20
two
fol-
1878.
Highest.
72's 69% June 8 85
100% 102% Aug. 23 108
19
•35
•73
15
30
78
38% 29
Feb. 11
June 22
Mch. 29 20 Dec. 2
Nov. 7 39% May 14
Nov. 29 78 Nov. 29
July 31 41 Dec. G
Apr. 12 85 June 10
•78% •79
74
Railro.ids.
•83
Central of N. J. 1st consol
•80
64% Mch. 4
Central PaclHc Ist, Os, gold.. '10758 108
103% Jan. 15
Chic. Burl. & Q. consols 7s. .. 115% 115% 109
Jan. 2
Clilc. & Northwest. cp.,gold.x x02% 102% Ol'^aJan. 14
Chic. M.& St. P. cons. s. f. 7s.
100 Is loo's 91% Jan. 5
Chic. R. I. <fc Pac. Os, 1917... HOI2
100 Jan. 5
Erie 1st, 7s, extended
115
110 Jan. 7
Lake 8. & M. 8. 1st cons., cp. 114% 112% 109 Jan. 10
Michigan Central consol. 7s.. llO^ii 111 103% Jan. 5
Morris & Essex Istmort
llOisi 110% 115% Jan.
6
N. Y. Cent. & Hud. Ist, op.... 120isi 121% 117% Sopt.lO
Ohio & Miss. cons. sink. id.
X0138J 102% 95% Feb. 20
Pitts. Ft. Wayne & Chic. Ist.. 121»8 121% 118
Feb. 8
St. Louis & lion Mt. Ist
109%
102% Sept. 20
Union Paclflc Ist, Os, gold.... 108
108
103^5 Jan. 7
sinking nind
do
103% 103% 92% .Mch. 6
* This Is the price bid ; no sate was made at the Boai-d.
Dlst. of Columbia, 3-058
m
90
July 11
108% June 28
lie
Dec.
3
100% Nov. 30
102% .May 25
111
Dec.
7
116% July 8
Sept. 26
Oct. 29
Oct.
8
114
115
121
122
105
June 26
Nov. 18
12';
Oct. 18
109% Deo. 6
108% June 28
105% July 9
—
Kallroad and RlUceUaneoua Stocka. The stock market
has moved without any extraordinary excitement, and prices in
some instances have shown a tendency toward lower figures. The
coal stocks have declined in consequence of the prospect that no
combination may be made for 1879, and Morris & Essex, leased to
Delaware Lackawanna & Western, has been one of the weak
stocks.
Chicago Burlington & Quincy sold down to 105 i this
afternoon, as it is reported that the company intend to Lssue 10
per cent new stock, which the present shareholders are to have
the privilege of buying at par. The proceeds of sale of the new
stock are to be devoted to the construction and equipment of
seventy-five miles of new road in Iowa.
Western Union Telegraph has declared the usual 1 i per cent
quarterly dividend, and nothing was said or done about a stock
Lender these adverse circumstances bearing upon
distribution.
particular stocks, the general market closes with a Blightl/
weaker tone.
The daily highest and lowest
prices
have been as follows:
THE CHRONICLE.
622
iWcdn'sd'y, Thursday,'
l>ec.
'
H.
— Latest earnings
Frldiiv,
Dec. 12.
Dec.
13.
I
4
C. Mil.
do
do
C. R.
'•'s^
27
23
3i>|l 3b
35'
pref.
I
I
7aHi ;2ii TiMt IS
471^1 45^ 4«H! tea
North.
&
I.
St. P.
pref.
&
Chic.
2«H
SSH SSyi 34k
87
a7i<| 2«54
2SM
2^5^'
109
28«~2l)?i "2S«~~29~
12914 li;»_
1;«.^
1. 15;!?
W-'H
-,iiS
47;
paid
};4
.
pref.
Illinois Cent.
do
(Ken.).3dwkNov.
do
(Tenii.).3dwkNov.
Paul & 8. City. October
Scioto Valley
October
Sioux City <fc St. P.October
4?),501
59,064
311,649
259,890
Soutlicrn Minn.- October
44,430 110,614
535,305
536,238
Tol. Peoria & War. November
90,145
90,086 1,155,915 1,015,980
„„
^.
„ ^
Union
union Pacific
November
ovember. 1,084,324 1,022,354 11,718,738 11 549 295
J.
Wabash
IstwkDeo 87.622
80,086 4,751,180 4.290;io2
. .
ioo,*"^""*
On gold loans the
lOOi.
The range
of
Quotations.
Adams Exp
American Kx..
Open Low. High
10-- lOOis 100i« 10019
11.. lOOig lOO's 100%
12.. 100% lOQis'lOOia
13.. 100% 100%!lOO%
These are the prlcea bid ana asked; no sale was made at the Board.
Total sales this week and the range in prices since Jan. 1, '878
'
were as follows:
•
Whole year
Jan. 1,1878, to date.
Sales of
1877.
Week.
Shares.
Central of N. J
Chic. Burl.& Qiiincy.
Chic. Mil. &8t. P.. ..
do
luef.
& North w.
do pref.
Chic. Rock Isl. & Pac.
Del. A Hudson Canal,
.
Westemi
Erie
St. Jo. .
do pref.
Illinois Central
Lake Sliore
Michigan Central
Morris & Essex
N.Y. Cent. & Hud. K.
OWo &
Mississippi..
pAolJloMaU
Panama
Wabash
Union Faciflo
Western Union
Tel.
.
Adams Express
American Express
United States Exp.
Wells, Fargo & Co.
Quicksilver
do
pref
.
.
.
Total sales of the
St.
Paul.
Dec.
"
7....
9
"
11
"
13....
Total
.
.
7,600|
7,350
5,110
5,500
10,260
11,220
47.010
Lowest.
15,189
ISiflJan. 2
4,4:80
99 >4 Feb. 28
47,040 27>8Sept. 2
29,955 64 Oct. 14
112,870 32I9 Aug. 10
40,710 r>0\ Fel). 9
2,440 983eJan. 15
14,464 3436 Dec. 9
251,110 4138 Dee. 9
7 "8 Jan.
8,135
1,160 10 Feb. 28
3,700 2158 Feb. 28
4,025 7238 Feb. 14
83,145 SS'^g Juue29
9,629 58 1^ Jan. a
58,821
6738 Feb. 28
2,738 103% Feb. 11
4,450
6% June 29
10,845 I212 Dec. 7
290 112 Jan. 5
25,583
121a June 26
17,900 61i4July 31
75,980 75 14 Fel). 13
92 98 Jan. 8
95 46 Aug. 2
75 44 Aug. 7
105 82H: Jan. 7
200
week
St.
45 >4 July 11
Feb.
37%
6
114% July 15 94
54-'8JuIy
8
9
5514 Apr. 17
79'2 July 11
119i2Juue 7
59'8 July 10
61 'a July 10
20=8 Nov. 2
Hi's Nov. 13
84% July
118's
4218
11
40'h
15
4378
69ifl
821?
105%
25 1«
30'8
4=8
74 If
77
15
7
17
ir^s
33^8
79
72=8 Apr. 18
3,'558
7338
7414
June 10
5II4
921.2
Sept. 5
85 '4 109 14
89
115
im Apr.
2378
15
Jan. 16
Feb. 25
23^8 Nov. 11
131
McU. 20
73
102
Oct, 31
Oct. 25
521a May 8
109%
51%
Feb. 25
9914N0V. 8
19% Feb. 25
37 June 15
5
73 14
37%
41«sNov. 11
87 July 11 40>i>
70T8Oct. 29 45
9>4Nov. 11
29%
Low. High.
Highest.
2ifl
12''rt
1138
26I4
80
130
.59%
73
84=8
105
56
91
43 14
36
60 14
HI
90
24
45
13
19'fl
59%
total
Panl North- N'rtUw. Del. L.
pref.
west.
3,175
2,785
4,310
5,210
6,000
8,475
&
pref.
8,200
28,100J
18,395
6,125
13,295
5,700
25,020 10,130
12,500
3,480
15,560
7,075
I-iUn
West,
West. Uu. Tel. Shore.
(
79,860]
9.600
50,185! 16,100
27,265' 18,410
45,960: 16,310
28,420
19,420|
10,120
5,440
20,110
15,320
27,710
7.405
6,900
5,700
29,955 112, 870l 40,710 251,llo| 75,980
number
of shares of stock outstanding
is
given in the
last line for the purpose of comparison.
The
latest railroad earnings
and the
totals
from Jan.
1 to latest
dates are given below.
The statement includes the gross earnings of all railroads from which returns can be obtained. The
columns under the heading "Jan. 1 to latest date" furnish the
gross earnings from Jan. 1 to, and including, the period mentioned in the second column.
Latest earnings reported.
^Jan.l to latest date.^
EAKN INGS.
Week or Mo. 1878.
1877.
1878.
1877.
Atcli. Top. &S. F.4thwkNov $89,500
$69,204 $3,605,819 S2.432.327
Atl &Gt. West... October... 387,497 424,076
Atlantic Mis8.& O.October
201,181 193,686 1,399,324 1,452,592
Bur. C. Rap. & N.4thwkNov
40,227
37,753 1,402,991 1,120,327
Cairo & St. Louis. November
J i^ 292
16,267
201,674
216.166
Central Pacitlc... November! I,5lb!o00 1,855',774 16,314.303 15,696!o93
Chicago & Alton.. 1st wk Dec 102.346
73.679 4,447,779 4,221,223
Chic. Burl. <t 9
October. .1,368,348 1,290,114 11,746,897 10,285,021
Chic. & East. 111.. 4th wk Nov
17,243
12,492
185.000 149,325 7,9'20,072 7,594;298
Si?-¥ii*^?'-^-^*'*^'*°''<5
^Chic.&Northw.&c.Novem ...1,403,728 1,236,412 13,407,696 11,786,672
Clev. Mt.V. &D.. November.
36,183
36,008
351,877
356,725
Dakota Southern. October...
21,029
32,468
176,.548
167,050
Deny. & Kio G... November. 117,363
80.083 1,032,945
700,239
Dubuque &S.Cit.v.November.
82,952
84 081
867,811
846,018
Erie.
August ....1,445,929 1,271,131 9,735.284 9,322,200
Grand Rap.&Ind.September
99,637
97,723
877,729
793,065
Gal. H. &S. Ant --September 132,148
99,480
861,141
688,284
Grand Trunk.\Vk.en(i.Nov.30 177,053 202,509 8,218,701 8,639,913
Gr't Westpni-Wk.cnil.Nov.29
68,933
91,7,39 4,089,078 4,062,395
Houst. <t Tex. C. October ... 426,832 361,649
111. Cent. (Ill.line). November.
483,948 474,012 4,934,30'5 4,814,922
ao Iowa lines. November. 125,365 144,880 1,350,764 1,378,440
Indianap.Bl.&W. November.
96,172
80,815 1,161,836 1,116,.546
Int. & Gt. North.. November. 234,023
184.963 1,403,389 1,363,906
Kansas Pacific. -1st wk Dec
77,492
74,442 3,523,611 3.110.884
Mo. Kans. &Tex IstwkDeo
60,024
56,483 2,799,134 2.974,782
Nashv. Ch.ASt.L-October,.. 137,104 172,353 1,325,135 1,427,414
Pad. *Elizabetht. November.
27,309
32,836
Pad. & Mem^ihis. 2d wk Nov.
4,647
4,094
issiiijo
159,897
Phlla. A Erie
October... 352,695 „.,„,.„.
393,151 2,378,585
^,^,^,.,^^ 2,561,804
^,..„i,^„.
.„
^.-.,
Phlla. & Reading. October. .1,408,674 1,527,774 10,249,094 11.959.227
Bt.L.A.&T.H.(brs) November.
51,270
47,063
454,044
476.558
|t.L.lronMt.<feS.lstwkDtc 131,800 129.088 4,170,215 4,103,206
Bt. L. K. C. A No. 1st wk Dec
70,727
66,312 3,109,031 2,958,041
'These figures in the last two columns do not embrace the Proprietary
—
,
.
.
.
Koads
Clearings.
Clos.
for the period prior to
Juno
1,
Tliis
100%
100%
100%
100%
100%
100%
closes at
per cent
for use'
Balances.
Gold.
Currency-
$9,013,000 $1,1576,600 $1,581,515
6,310,000
714,000
715,887
6,698,000
736,000
724,134
7,163,000 1,116,500 1,119,824
5,188,000
875,000
877,003
8,564,000
831,800
834,633
week 100% 100% 100% 100% $42,966,000
100% 118,192,000
100%
Prev. w'k IOOI4 100%!l00i.i
S'ceJan. 1 in27fl 100%' 10278
$930,000
The following
$933,663
are quotations in gold for various coins:
Sovereigns
$4 83 ®.$4 87
Dimes cfe % dimes.
98%® 98%
Napoleons
3 83 ® 3 86
Silver 143 and las.
99 ®
99^
X X Reicbmarka. 4 74 ® 4 78
— 93 © 94%
Five francs
X Guilders
3 90 ® 4 00
Mexican dollars..
85%® 87
Span'hDoubloous.lS 70 ®16 10
English silver
4 75 % 4 80
Mex. Doubloons.. 15 50 ®15 65
Pnis. silv. thalers.
68 ® — 70
98i4»
Fine silver bars
109%® 110
Ti-ade dollars
98%
Fine gold bars.
par.®%prem. New silver dollars
99^8® — par.
—
—
—
—
—
—
—
—
—
—
—
—
Excbanse. Foreign bills have been firmer, and drawers
have advanced during the week fully 1 point, the rates on actual
business to-day being about 4'82i on 60 days' sterling bills and
4 "87 for demand.
In domestic bills the following were rates on New York at the
undermentioned cities to-day: Savannah, buying J offered, selling par; Charleston weak, buying i discount, seUing par@i pre-
mium; New
Orleans, commercial, .5-16; bank, i; St. Louis, par;
Chicago firm, buying 1-10 discount, selling 1-10 premium; and
Boston, par@12Jc. premium.
Quotations for foreign exchange are as follows:
Dec. 13.
60 days.
Prime bankers' sterling bills on London
Good l)ankers' and prime commercial
Good commercial
Documeu taiy commercial
.
.
Pads (francs)
Ant werp (francs)
in leading stocks were as follows:
83,145
Whole stock. 154.042il22,794'l49.888 215.250 524,000 350,685 494,665
The
day
I
7.. lOOifi 100% IOOI4
9.. lOOia lOOis 10014
Dec.
pref.
&
I
I
Wells, Farijo..
Quicksilver
Hannibal
do
2(3)1
Gold
i
.
Del. La*!k.&
and
and clearings and balances, were as
gold,
follows
Paclflc.
West. Uu. Tel
do
Chicago
do
at 100i@100i,
morning were
this afternoon cash gold commanded 1-64 per
Silver in London is quoted at 50^@50id. per oz.
Panama
Wabash
do
rates this
and
Pacific Mall....
United States
.
SllTer._Gold has sold
Lake Shore ..
Michigan Cent
Morris & Essex
N.Y. C. & H. K.
Ohloft MISS...
Union
•
. .
bt. Jo..
do
wk Nov.
.
Pac.
w
Eric,
S.E.(.?t.L.)3a
St.
Del.A H. Canal
I)el.La<^.&
Han.&
&
St L.
reported.
-Jan. 1 to latest date.^
1878.
1877
1878.
1877.
15,bol
15,500
586,669
556,740
8,215
6,688
320,996
294,511
3,661
2,854
152.751
136,486
66,715
81,686
497.031
430,912
28,983
13,416
232,707
WeekorMo.
I
C-'irral of N.J
Chic. ilarl.& Q,
[Vot. XXVII.
Swiss (francs)
Amsterdam
Hamburg
(.guilders)
(reichmarks)
Frankfort (reiclimarlfs)
Bremen (reichmarks)
Berlin (reichmarks)
3
4.82%a4. 83%
4.82i4®4, 82%
®4, 82
4.81
4.80%®4. 81%
5.23%®5. 21 '4
5.23%®5. 21 14
5.23%S5. 21I4
3978® 40
94 14® 94%
94 14® 91%
94 14® 94%
94 14® 94%
divys.
4.87%®4 88,
4.87
®4.87'3
4.85%®4.86'3
4.85 ®4.S6
5.2058®.5.18^
.5.20=835.18^
5.2058®5.18^
40%®
95
95
95
95
40^4
® 95H
® 95^
® 9514
® 9514
—
Boston Uankfi, The following are the totals of the Boston
banks for a series of weeks past:
Loans.
1878.
•Inly 8.
July 15.
July 2J.
July n.
Aug. 5..
Aug. IS.
Aug. 19.
Aug. 26.
S.pt. 2.
Sept. 9.
Sept. 16.
Sept. S3
Sept. 30.
Oct.
7.
Oct. 14.
Oct. 21.
Oct. 28.
Nov.
Not.
Nov.
Nov.
4.
11,
18.
45.
Dec.
Dec.
8.
9.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear
S
$
t
r
X
129.849,000
130,70.1,900
131,1.36.9(X)
130,65.3,600
131,387,300
131,816.000
2,451,900
3,488,000
3,3:3,1t0
3,011,Ju0
2,914,800
3,008.300
5.917,800
5,168,400
5,282,600
53,25 i.OOO
62,285,800
62,095,600
5,S11,<K)0
5,89-i,100
51,68!t.400
i:il,97i,900
2,8S*i,800
131,615,700
l:«,185,900
2,768,100
2,731,600
3,010,000
3,022,600
5.84i.800
6,636.40)
5,627,300
5,802,300
5,613,700
5,548,800
.3,002,100
5,6.'>4,900
3,0)7,600
8,321,800
2,963,100
2,563.800
6,086,100
6,135,100
6,020,000
6, 127,600
6,524,800
7.231,600
7.787.500
8,060,800
131,5115,
00
130,741,000
181,144,300
lao.759,400
1.;0, 104,400
128,971,100
12!,418.i,00
128,876,100
8,")57,iTO
128, '^25.100
2,«88.0O0
126,512,400
2.9 0,800
1-27,202,900
iae,4r-',6O0
li6,t98,f.O0
127,-3r6,300
3,135,000
2.933,000
2,882,400
2,779,900
8,228,' 00
8,6.^,500
8,112,900
Pblladelpbla Banks.— The
51,906,700
51,490,700
50,918,100
51,369,100
51.904,500
62,390,800
5J,090,700
53,081,700
53.4:M.-200
&3,2?.3,500
5:3,866,100
68.361,600
52,-34O,a£0
53,263,400
54,956,500
56,258,400
55,244,900
55,7l8,i00
56,0.:!(),900
S.5,361,400
25.3.39,200
51,6(3.48»
25,297.600
3),O45,50O
43,381,118
3:,141,879
37.181,493
35,456,252
35,748.086
33,442,866
S1,659,01S
38,080,098
38,484,171
43.643,331
38,344,353
25,143,'iOO
2. ,081,800
85,128,600
2.^,0 0,400
85,008,200
26,8-11,000
85,441,100
85.466,100
2.5.487,700
25,50-i,500
25.407,300
21,473,110
26.388,000
25,429,41.0
85,461).700
25,1^8,700
25,450.900
25,311.400
85,400,000
47, 130,761
49,'>J7.921
4T.OI6.aT0
45,517.518
41,489,965
44,883,641
46,810,772
47,170,092
4»,428.2S1
86.857,603
46,164,103
totals of the Philadelphia
bank«
are as follows
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
I,
S
57,4n,5?1
2,165,8a5
13.617,763
57,540,836
57,701, :i52
57,582.408
a,131,-J77
13,6110,496
8,088,968
Aug.
Aug.
Aug.
Aug.
57,8:36.1)72
8,1 22,9 S9
2,-28^,S0O
13,413,067
13.760.039
5.
13,7-.J9,614
19.
67,314,189
67,606,-45
2.312,437
2,838,021
1.3,434,151
13,610,:305
8i.
57,4.50,042
8,18:3,120
13,452,892
Sept. 2.
Sept. 9.
57,516.217
53,189,844
2,172,809
13,54r.32;>
8,I86,.35:)
13,:l02,-270
Sept
58,:i9T.686
68.3130,7 ;0
E8, -207,884
2,109,431
l-i,S12.55.5
2,0:13,013
13,004,807
12,814,627
12.
16.
Sept. 23.
Sept. 30.
Oct. 7.
Oct. 14.
Oct. 21.
Oct. 28.
Nov.
Nov.
Nov.
Nov.
4.
11.
18.
85.
Dec.
Dec.
9.
S.
68,613,739
f,8,t;5O.640
1,995,8)6
1,939,310
1,83 ,451
53,801.493
1,60.5,812
5S,5-J2,350
1,618,613
1,693.177
68,411.314
58,-279,111
67,6.56,«95
57,344,12)
57,481,811
57,714,763
S
S
1673.
July 8.
July 15.
July 21.
July 29.
1-2,717,102
12,.382,599
12,0-5,.596
11,968,.394
12,
.57
.5,827
1.8T4.-228
13.334,845
1,379,369
l-2,r()ii,145
1,».'.2.867
12.6I8..399
13,0-22,463
1,91^.969
1,996,059
12,740,471
33,520,691
45,931,793
46,419,105
48,082,238
11.056,86:1
11,075,562
11,118,080
32,-262,571
46,127,4-28
ll,13:l,.331
46,602.675
45,561,288
45,r57,:»0
45,497,226
45,806,146
45,604.418
11,136.613
11, 158,5 •>3
11,161,373
11,U0,9',5
ai.830,.50»
2:1,494,331
26,8:19.131
4.5,51.5,333
45,-3.35,119
45.5:0,445
11,190,001
11,215,351
11,213,08)
11,308,957
37.-191,l-)«
45,l-2-2.7)i6
11,:307,583
33,798.588
45,'55,')C8
11,191,2-23
11,1:34,010
30,692.010
27,006,463
23,731,361
24,754,736
28,719,078
29,532,437
31,481,017
S8,82.'.304
44,786,-291
11,:«;3,4,50
44,2:i-2,7«6
11,3W,X11
S3.7J0.7'26
-29.0-9,290
4',671,-291
44,109,4:14
4),4:j6,416
ll,:i90,121
89.t(M,649
11,430,703
11,3 .3,116
27.805,473
4 4,112,^33
11,:193,361
8I.0-33,40()
45.144,517
44,816,118
11.395.817
11,386,833
81.196.283
37,596,551
29.:17i),449
DECEMDKn
THE CHRONICLE.
11. 1;78.J
New Vork
BAinu.
City for the week
7, 1878
-ATBBaaii ixointT or
Legal
Not
Clrcnla-
CopltU. Dlacounta.
New York
S,OOU,O0a
Co.... a,i&0,(WO
Manhattan
9,0(jO.OOO
S,0<I0.003
Union
America
1,WO,OOU
T,»T8,«00
6.7S».103
Tnuletmea'a
Fnlton
Chemical.
....
Merchants' Gxch.
2,Sr^,O0O
"
6,478.100
2,070,400
I,r00,0>i0
6.0,000
800.000
1.000,000
.
MH.TOO
l,('««i300
1»2,3(X)
239.40O
153,600
i'»7,6J0
•!i\Wa
2,07«..'iO0
203,300
346,500
63:i,W0
"
6)6,400
130.000
2,.')8i,3l)0
197.0.10
10',,000
2i,OI0
U.iOO
3^2.80^
53,000
id 1,900
2,405, tXK)
8.7,800
2,0 9.400
9.311,300
263.00J
457.510
839.900
680,100
2,S4'J,iO)
3,: 51, 30)
450,000
4I3,S00
North America..
700,000
Hanover
I,r00,000
Irving
500,000
2.711,700
1.3)5.603
1,621,700
0.417,900
18,500
15.600
9),80a
01,400
Metropolitan.
..
3,oa(',00il
.
Citizens'
Nicholas
44,(100
368,700
760,000
1,6(14,003
1,
l.(/00,00fl
2.44l.9iW
1,8«3,30D
1,000,0
I,(i00,r0)
3.50.),0i).)
1,000,000
Continental
Oriental
I,«j0.(lti0
3,J43.700
4.487 600
300,000
Marine ..
Importers'ATrad
Park
Mech. Bkg. Ass'n
Grocers'
North River
East Itiver
...
Mannf'rs' .t Mer,
Fourth National.
.
Central National.
Second National
.
Ninth National..
First National...
40X000
Third National..
N. Y. Nat. Kxch.
Chase National.
.
Total
Dec.
'.00.9O0
129,200
58.000
87,910
2,113,400
1,6^H,000
434.000
524,600
1,527,400
1,151,500
124,400
2.0,000
1,235.100
171,000
111,900
651,500
1.12i,.500
38,300
13,000
67.'<,800
!,I2i.C«)
1,090,100
2,1>2,100
1,767,400
260.!)00
300,400
806,330
i!so,56i)
156,400
l.fc82,000
2(i9.0.X)
3.0^6,000
8,909,000
6,363,100
707.500
791,000
1,031,700
1,984,500
697,400
45,(100
799,000
269,.900
224, luO
180,000
"..715,300
221,966
I
Dec.
Dec.
lac.
51,220
Specie.
239.638,r00
19,695.(00
17,991,8(10
20,407,600
17.
235,553,400
84.
31.
14.
2)«,994,:)00
2:)9,lil.700
243,4^)2,900
244, i 15, 100
19,231,:i00
l.S,6«2,S0O
17.OO0,,30O
16,95:),10O
21.
23,
245.377,100
1S.3W.800
816,:)22,(500
18,199.600
17,569,700
13.991,100
15,517,800
19.S60,500
217,881.900
218,631,300
216.693.100
845.108,100
18,554,700
«
58,4(9,600
58,610.100
E6,2h6,500
55.179,100
SS.O.O.SOO
51,918,500
50,':8i,5OO
222.133,700
219.978,500
8i3.432.700
19,078,000
19,273,600
'.';7.884,700
19,3>5,600
19,18').800
2I6,0»8,500
316,161,100
816.711,i00
218,26),000
48,891,200
48,538,400
15,630,700
216,332,000
4.-),362,200
214,10.3,400
42,1.30,800
!9..305,600
19,433,700
19,062,300
19,478,300
19,616,300
19,617,800
19,577,500
19,593,100
217,.301,000
do
do
Catawisaa
pref
do
370,111767
453,971364
4J4^149 900
19,909,400
19,961,900
4'!4,037,712
236,439,400
239,315,600
a'.',9';7,ioo
41.273,700
39,961.000
»06.797,v00
807,068,600
20,01)7,000
20,(^53,200
368,2 8,659
436,695,221
Mt. Joy
Huntingdon
Vermont
..
(>a
"^
Boston 68, currency
do 5s.^old
Chicago ReweraKe 79
do
Munlclpal78
rortlandag
Atch.
i.
Tcpeka
do
do
do
73.
in the
do
20)i
lOOM
3im.B3,'fl.,
lO.-Jii
Sa..
7a
<a
& Lowell 7»
& Lowell 6a
& Maine 7a
A Providence 1*
65
Bnrl.
Mo., Iand«rant78....
do
Meb.ts
do
Neb. 8a, 1883 ....
Conn, it Pasaumpalc. 7s, 189;.
Kaatern. .Mass., Sms, new. ...
FUcht)urgKU.,«s
do
7a
Kan. aty Top. * w., 7a, lai
do
do
7a. Ino
I'm
Topeka
ft
1"»S
sea 68
Providence
HO
110
103
10354
lU
{Hurllngton ft Mo. In Neb....
Cheshire preferred
Chlc, Clinton Dub. ft Mln.
Cin. Sandusky ft Oley
lllK
48
Concord
Connecticut Klver
1C2.>4 Conn, ft Paasuinpslc
Eastern (Mass.)
Kastera (New Hampshire)
TJH Fltchburg
Kan. City Top. ft Western,
Manchester ft Lawrence..
I03« Nashua ft Lowell
10®!1103
New York ft New gngland.
84W
St
129t«
ft Lowel.HostoQft Maine
Boston
4(>
75
,.
13U
.
115
N.
12X
iio
ft
104
103
Cincinnati 6s
7a, *88
Cin.
Cin.
W»«,l
73
110
98
tW
ana'
2WJ
100>4
do
18-,49.l
cpa, o&,
.
.
-
llOM
—
C* I. deb. 7a,ii3
of Interen.
1st
m.
guar....
7b
100
•Si'*
(l.ftC.) lstm.7s,'
do
(s, '83
'
8.
p.c. st'k, guar
Miami stock
I.017ISVII.LE.
do
do
do
do
do
do
7
6s, '82 to "87
+
•s,'97to'9J
t
water ta,'87 to '89 t
water stock 68,'97.t
+
wharf 68
spec'l tax«a of '89.t
LonI 'Vine Water Ss. Co. 1W7
Jeff. M.ftl Jst m.
lOlX
do
do
(
2dm.,
102H
1ft M) 7a,'81t
7s
tl2
1atm.,7a,l90t....t lOOM 107
Loulav. C.ft Lex. lat m.7B,'97> 104H I04K
Loula.ft Fr'k.,LouIaT.la,<s,'8
Loulsv. * NashvUle—
t
Leb. llr. 6s, '86
1st m. Leb. l>r.Ex.,7s,'8atS.i
do
<a,'iU...t
Lou. In.
Consol. lstm.7s,'38
Jefferson Mad. ft ind Block.
Louisville ft Nashville atock.
ST. L.OVIS.
48;^
do
In. ni.78, cp,1996
do cons. m. 7s, cp..I9l!.. 07
do cons. m. 7s, rg,l9'.l.. 87ii
do con9.m.<s,g.l.l911.... t)«
40
do cony. 7s, 1893'
7s, coup. OS, "93 26
do
do scrip, ita
* In defsnlt
ft Ind., 7s,
Indiana
Louisville
ft Erie IBt in.(a, cp.,'8l. 103i4 iu4
2d ni.7s, rp..'98. i04H 1U4«
do
Phlla.ft Read, latin, 6s, '43-'44. '.04
PhllH.
scrip, 18)3.
ft
Little
33}^
ft B., 7b, cp.,'96
dj
Ham.
do
cp.,'85.
2dm„7s, 'p., 18
dclK'u., cp,,'fi*
Cov. Bridge st'k, pref.
ft D. 1st m. 78, '80
2d m. 7s, '85.
Uttle Miami
m. 7a>a ,••
cons.m.Ss. cp., 1905.
do
do
Navy Vard 6s. rg.'al
Perklomen lat m.6a,coup.,'97
do
do
do
do
do
+
2d m. 78, 'i7...
Coluio. ft Xenla, 1st m. 7a, *90
Dayton ft Mich, lat m. 7a. ^81
do
Sd m. 7a, '87.
do
3d m. 78, "Si.
Dajrton ft West, lat m., '81...
do
istm., 190S
do
iBtm.ea, 1905
Ind.Cln. ft Laf. Ist m.7s...
}08
2dm.7a,cp.,'»6.'liJ>«
Tltusv.
75
110
112
Oln. Uam. ft Dayton stock.
HO
Ho 118« Columbus ft Xenla stock..
Dayton ft Michigan stock...
do
do gen. m. 7a, cp., 1:103 I'JK
do gen. ni. 78, reg., IWi l**
7
on Creek 1st m. 7s, coup.,'8i
f Ittsb.
70
104
Ill
do
...
.
m. 63,
108
113
105
112
Uln.Ham.
do
.
7s B.* , ,„
Ist.Sa.cp.. 1898 110
do reg.. 189)..
21m.,7s, reg., 1910..
con. m.,6«,rg.,i9.!3 97
9'
do
6s,' p.,19.3
1st
9SW
lOOW loojj
lOS
101
do
7s
I
do
TSOs
t
do
South. RR. 7-SOa.t
do
do 6a, gold.
Hamilton Co., O., 68. loug...t
uo
7s, lto5yr8..t
do
7*7-308,long.t
Cln.ft
Ml88., Isi m..
Little Schnylklil, lat
6», '85, JftJ
63, 19(10, A.AO. 101
105
6s, gld, 1900, J.ftJ. OJW
CINCINNATI.
Lehigh Valley,
do
do
do
do
.
t
02
88X
do
2d, M.ftN ....... 21
28
do
8., 3d, J. ft J
lOM 12
Union RR. Ist, guar., J. ft J
do
Can'.un endorsed. 104
llOJi
HISCBLLAXKOUS.
Baltimore Oas certldcatea.
'lot
lOSX!....
'89
Br.. Ist, 7s. I90u
mort. 61, '82
2d mort. 63. 19 JO
.
.
Va. 3d m..guar.,'83.J*J
Cen.OhIo68,l8tm..'90.M.4S.
W.Md.68,lstm.,gr.,'90.J.&J.
do l8tm.,i8iiO,J.&J...
do 2dm.,gnar., J.ft J
do 2d m.,pref
do 2d m.j?r. by W.Co.JftJ
do «3. 3d in., guar., J.ft J.
Mar. ft Cin. 7s, '93, F. ft A
iBt
Phlla.ft Reail.
i
W.
do
do
2d m. 7a, gold, '95. (01
Sdm.cona, 78, '93". 2o
Ithacaft Athens lat g d, 7a„'90
do
ConnellsvllIe..N
Northern Central
do
do
L. Snp.
ft
Ohio «s, 1880, J.ftJ.
do
«a. 1835, A.ftO.
People's tias
Hsrrlaburglst mort. 63, '81.. ,,,
H. ft B. T. 1st m. 78, g Jld. '90. 102
195
.
coup.,
m
Albany
PlttsDurg
Bait, ft
iPlttsb.ft ConneirBV.78.'98,J
Pennsylv., 1st m., 6a, cp., *80..
do
gen. m. 6a, cp.. 1910- 110
Ken. m. 6s, ig., 1910. HUH
do
6',rg., 1905 lul
con>.
do
100
10.3K IBoston
lOtI
lOi
ft
in
W'msport, Ifat m., 7s, '80. 107
58,perp
do
Junction
tiox
100
Branch. 100
.
do
mort.
111
112
"10
110
RAILBIAD BONDS.
12
scrip
do
Pa.ftN.T.O.* RR. 78, '9*^1906. lis.w 113X
105
....
STOCKS.
Atchison
Itotiton ft
Boston
BoB^on
Boston
boBtoQ
ft
20X
Pueblo « Ark. Valley, la....
Rutland Sa.lBt mort
Vermont « Canada, new 8a.
lat ra.7s
Bostons Albany
Bid.
I
'<(3
'91
ist in.,6a,19U2.
2a m. 63. '8)..
63.
xlijfl
. . .
E.ejt.,1910
Inc. 7a, end..
lat
10^
25
37
UH
Vai., 7 3-108, 1991... 110
Bound
ft
xllO
Is, park, 1890,4.—
6a, 1893, .M. ft 8
do
Wash.
do
Parkersb'g Br. .50
Northern Central
50
Western Marylanl
50
Central Ohio
50
31?<
11«
rto
408,9()3,42S
Omaha AS. Western, 8a
land grant 7s 1I(7L
land Inc.
Keadng
CANAL STOCKS.
Chesapeake ft Delaware
Delaware Division
Lehigh Navigation
Morris
do pref
Peansylvanla
Schuylkill Navigation
do
pref..
Susquehanna
Del.
<a,I89J, quarterly...
BAILBOAD STOCKS. Par.
WestJersey
!9.!(0.3,400
Vermont ft Ma«8. KB., 6a....
2d7s
3^
31«
do
do
xl0«
X 87
.uoa
Bait.* Ohio
48«
Philadelphia ft Trenton
Phlla.Wllmlng. ft Baltimore.
Plttaliure TUiiBV. ft Bull
130
United N. ,1. Coinpanlea
West Cheater coiiBol. pref....
do
do
«», I89U. quarterly.,
Ss, quarterly
«3, iS9l, quarterly,
6a, ;8S«, J.ftJ
3^
i1
Phlla'lelphla* Erie.
19.901..')00
OidColony,7s
do
«B
..
"l
34
42
Pennsylvania
ft
;9.S.
6a.exenipt.'A.M,*8
l»0O,J.ft J
X
IWj.J.ft J....
Norfolk water, Sa..
pref.
Neaquehonlng Valley
NorrlBtown
Northern Paclttc. pref
North Pennaylvsala
North. Penn.
New Haih ps litre 6a
do
Little Schuylkill
Jilnchlll
El. ft
460,572,737
do
do
do
do
00
do
do
22
40
pref..
Lancaster.
Broad Top...
do
Lehigh Valley
PnlUdelphla
do
do
SI
ft
ft
(a, boatftcar,rg.,l918
7a, boatftcar.r2..1( ;
Baltimore
do
do
liar. P.
East Penn.
dUOTATIONS IN BOSTON. PfllLADELPUIA AND OTHBB CITIES.
Uassachufietta 5a, gold
&'
pref
new pref
do
Delaware ft Bound Brook....
East Pennsylvania
Elmlraft wlUiainsport
482,29I,9.'0
aaocBiTiiB.
lOS
103« Maryland
Ss, defense, J.ft J.
X106
do
6s, exempt, 1887 ... X107
Atlantic
ft
392,878.293
483,571,653
Hartford & Erie 7s. new
>gdensburg & Lake Ch.Ss..
lU
BALXIinOBE.
21m., 7b, cur., 'SO
do
Cam. ft Burlington Co. 68.'97.
Catawissa lat, is, conv. ^'^
chat. m.. 10a, — ..
do
107
new 7b 1900
do
Connecting 6s. 11100-1901....
Delaware mort., 6a, various
2117,181,800
68
do
do
SoaquebannaSs, coup..
.
Uimdeu
19,601, 2(10
aaoiraiTisa,
iWl...
Schuylk. Nav.lst m.iis.rg ."J?.
do
2d m. 6a, reg., IW7
exempt, rg. ft coup.
Camden Cuunty tia.coDp
Camden City 6a, coupon.
do
7s, reg, ft coup.
Delaware 6b. coupon
Uarrlsburg City ia, coupon
BAILHOAD STOCKS.
do
285,76(i'611
348,022 456
330 877 791
33) 606 666
Note. -The Bgnres of the Chase National Bank are no! included
above totals prior to October 26,
Maine
80
itr.lmp..rejr.,'^36'
N. jMrsey 68, rcB. and coup..
19,389,700
BOSTON.
la
6s. old, reg ....
Cheas!). ft Dels lat<s,rB.,'8l
do
do 6s,n., rg., priur to'95
Delaware Dtvlaton (a, cp.,'H.
119
do 8a, n., rg., H95* over lliJi ll»« Letalgb Narlga. m,. (a, reg.,'84
Allegheny County Ss, coup...
do mart. HK., ret:
Allegheny City 78, reg
do m. conv. g., r*-g.,*i»j
Plctsljurg 43, coup., 1913
BO
do mort. gold, 'in
Ss, reg. ft cp.rl91). 83
do
do couB. m.7B, rg.,I9U
6b, gMd. reg .. ..
Morris, host loan, reg,, i8»5..
do
do
78, w*t'rln,rg. ftci
Penuavlvania 6a. coup., '.910,
mort.63,'89
Cam.ft Atl.lst in. 73.g.,190B
4O,.38J,;0O
20,169,-,00
PhlUdelphla, Sa reg.
312 2;7 469
330 5l7'l3.3
89,933,200
21,141.1(10
26,37.i,200
,39,962,300
40,21 0,^^
39.1.35,400
wo
I>t, 6a, IIVM.
m.
pl).
Warren ft K. lat m. 7a, '»<...
Weat Cheater cons. 7s, '91
West Jersey (a, deb., eoap..'8S
do
latm. *B, CD., Se.
(aim. 7a, "n
_ do
Weatern Penn. UK. M.<:p.:8M
do
g* P.B.,'M.
OAlfAL BOND*.
Plane, reg., 1379
Camden ftAmboy 6d,coup,'83
2.'i,405,400
40,729,100
Ind.
lat
H.c. A W.,lBt in. »i,'a),
Sonbiirr ft Erie lat m. 7a, •»!.,
union ft TliUBv. ;8tra. 7a, "JP.
l/nliodN. J. eons. m. •a.'M..
,
6i, In.
dti^ulioiir. ft
Stony Creek
11m' iu
83
353 322 472
4 4 14o'oi5
333,692'oTO
23,414.400
240,2;4,200
237,615,500
U2
.
•TATE ANn CITK BONDS.
ns, g'li, mt reg. or cp.
do 5., cur., re/
do 5a, new. rog.,f99^190'i 'iP 111
do (a, 10-15, rug., Ii7;-'SI i9tH 106
do «s, 19-23, reg,, l382-'93.
til
do
,.
Pllt..Cln.ft!tt. L. 7.,cou.,ltn'.
Shaui.iitin V.ft Poiiiv.7». I9III
81
PHIL.iDBLPIIIA.
Penna.
Belvldere Uela.
«
2:)1,917,;00
214..3n,80()
9.
Phils.
....
ft Masiachnsetts
WorcsBterft Nashua
Bid.
deb. 7a. cpi.oB
do scrip, I11112
do mort., 7», wnn
Wlhn.*iUlt.«B, 'HI
ISS
I'orumouUi
Vermont
Allegheny
810,011.200
208,111.600
211,096,700
215,4 i3, 100
210,737,600
209.752,100
2.
... ...
*
*I
l'hll.*R.C
12X
Puaiiloft Arknaas
Rutlar,d, preferred .
Deposit*. Circulation. Agg. Clear.
t
240,220, IOC
SO
RAILROAD BONDS.
L. Tenders.
t
Old Ootonr
Portland aiico
I
are the totals for a aeries of weeks past:
»
7,
Circulation
2.797,700
1,311,710
2.'J8,03H,200
16.
1,800
39,200
40,5fO
3,900
S.i .3.900
7.SO0.500
6,075,500
3.
10.
23,
30.
7.
2,914,800
81.003
Ilampihlre
Nurwloh ft Woroflster
Ogdenso. ft L. CUauiplsiD
do
prof
ilo 78,
1,918,200
2,05i.300
45ol()o6
9.619.8.0
402,70
1,070,000
5,400
1,763,200
5.170.0C0
413.9)0
1,710,900
116.600
8,983,000 2,221.0(Ui
1,779,900
217,200
1,713,800
3.(«0
1.827.500
274 20J
6J,S,700
5Si.400
9,500,000
675,500
1,941,300
4.700
3,6-31,200
767,500
1,085,900
2,311,000
358.466
'.6,531,500 1,101.900
12,401,200
537,900
430.000
296,000
407,200
612.200
474,200
12.3,700
391,510
12.S01.200 l,C5i,4'0
7,166,000 1,490,(X)0
:
1878.
July 27.
Nov.
Nov.
3,33.5.100
349,700
30,000
New
Northern of
.
898,601
179,700
8,6O0,:)0O
deviatioDB from returns of previoua week are as follows
Inc.. $).,377, 100 Net deposits
Inc.,
$-261,400
Loana.
Nov,
Nov.
Nov.
492.700
789,800
695,300
381.900
14,516,000
7,5)1,000
1,933.000
I
1,511,700
28,900
43.000
18,3,000
1.7 ;7,Sa.
63,711,530 239,815,503 20,169,700 39.981.000 207,053,600 21,058,200
The following
Oct. 26.
18MX)0
580 000
300,000
250,000
2'0,OOJ
750.000
300,000
Specie
Legal tenders
Oct.
Oct. 19
41,800
257,600
95,100
sr.sjo
27,800
IS,OjO.90ff
10.102.600
9,S6,30O
Bowery National
New York County
German Americ'n
3:),900
4().:00
1,278,5(10
2,33J,0(|I
1,500.000
2,000,000
500,000
300,000
240.000
250.000
lOO.OOO
3,510.000
8,000,000
SOO.COO
750,000
600,000
36),300
287.600
572,600
141,700
407,100
301,000
897,7(0
1(1,00)
466,00
9J,5()0
1,5«J,6(X1
958.20,1
l,0J(i.0i)0
...
1,11,3,8110
l,8.S6..'iO0
Shoe and Leather
Com Exchange
.
102,001
422,00)
12,419.000
800,000
Nassau
Market
T^2..300
2,700
303.500
1,965,1)00
8.00,000
«i9,700
People's
198.()0J
2,414.!r00
1,600,000
593.0i'0
870,000
717,100
19i6W
A800
:ii',6;o
116 8U)
881,900
twavumm*.
1,100
sn.uoa
•-•oi.ooc
984,1)00
8
K)
875 000
Stg,7il0
Pacific
Eepiiblic
Chatham
l4».noo
211.801
166.5
ISJ.Ifl
1,751 3U0
I.S»7,000
1,836,200
916,900
242,600
83,100
181,400
5.
12.
41,000
7,600
8!,800
1,IS8,'<03
5,000,000
1,000,000
1,000,000
Broadway
Sept.
Sept.
Sept.
Sept,
Oc-.
7.316,600
4,2)9,700
S,$c29,3a0
4,6')U,40a
Aak.
llid.
.
8.701,100
6,611,300
1,910,000
6,198,100
1,740,70J
i,r;o.i80
9.617.600
Mercantile
Commerce
Aug.
Aug.
Ang.
Aug.
Ang.
»
6'<0,4a0
670.61I0
2,131.000
:l.34l,000
14,977,600
4,e03,SOJ
2,981.900
2,0s (,100
I<oans
Uon,
»
254.^00
245,000
174,000
1,178.400 ».67.i,0aO
iwiDUTiu,
:
Douoalta.
701.100
«||3((W
31^ 000
3,0:4.900
34110,900
1,151.(00
l,3SI,CO0
Bntchcrs'A Drov.
300.000
Mechanics' &Tr.
6'X).000
Greenwich
Sa.).000
LeaUior Maufra. 600,000
Sevunth Ward..
*00,n00
SUle of N. York. 800.000
American Eiha'o 5,000.000
681,300
764,600
1,783,600
1.49S.iX)0
9.9.^7,100
Gallatin .National I.WO.OOO
The
'endera.
S|i«ele.
6.<)79,«00
«,iia.»0
S.OM.SOO
8;«I8;M9
S,aOO,000
1,OX),009
l.OCO.OOO
Phoenix
City
St.
—
I
Mechanics'
Horchiuta'
Bte.-Oantlanad.
New York
condition of the AKBoclatt-d UankH of
ending at the commencement of buainesa on Uec.
Losna and
623
PMi l.ADm.P WiA.
BUaTOiK.
City B«iilc«._Th« foUowlnff 8taiem«ntiiliowH the
St.Loala
do
do
long....
t
water M, gold.
new'.t
3B>;
6a,
10»«
do
do
ao
brtdgaappr.,K.i« t
renewal, gold, (a.t
sewer, g. H, '9:-2-S.t
3t. Lonia Co, new park, g.ts.f
do
. .
t
cur. >a
And Intereat.
101
t
|
THE CHRONICLE.
624
QUOTATIONS OF STOCKS AND BONDS IN
Bonds and
U. S.
on a previous page.
active JBailroad Stocks are, quoted
XXVIL
[Voi,.
NEW YORK.
Prices represent
tlis
per cent value, whatever the par may
be
state: bonus.
BSOtTBITIBS.
Alaoama
5a, 1883.
5b, 1S86.
do
do
do
do
do
do
Jo
4H
4H
.
M.&E.
Ala.
&Ch.K.
till
ArkaiLRas 6b, funded
do 7s, L. K. & Ft.
do
M>
H
H
H
S
H
107
1015i'104
lOH^i, 112
8. IBS
Memphis & L.R.
73,
1s,L. K.P. B. &N.O
78, M18S. O. & R. R
78, Ark. Cent. KB...
do
do
do
Connecticut
Georgia 68
do
do
do
7b,
7s,
....
go
8b of 18K
88 of 1893
68
new bonds
endorsed.
103
....
Han.
"War loan..
do
KentackjBs
&
.
St. Job.,
do
:o3
due
do
1386..
68
68,
.
.
108
108
105
105
..
1837
108
2
105
Erie, Ist mort., extended.
:03
Cleve. & Pittsburg, guar..
Col. Chic. & I. Cent
City.
7b,
,_,
conv. mort,
Han. &
111. Cen.— Dub.ftSIoux C.lBtm
Island
&
&
FIttfl.
100
157
Ml?slssippf,pref
Ft. W. & Ch., guar..
.
do
EcQvaelaer
&
do
IWH
Kome Watertown &
10054
30«
do
do
Buffalo
Buffalo
pref.
liM
nilscel'ous Stocks.
Atlantic* Pac. Tel
Am.
District Telegraph.
"anton Co., Baltimore
&
&
.
Ash., old bds
Consolldot'n Coal of Md.
Cumberland Coal & Iron.
Maryland Coal
Pennsylvania Coal
6prlns^ Mountain Coal
10
iso
Mariposa L. & M. Cu
pref.
do
do
Ontari" Silver Mining
3SJ«
Railroad Bonds.
Ezclianae i^-ice-s.)
& Erie, 1st m.
3aj«
Boston H.
do
guar. ...
Bnr. C. R & Kortb., 1st 5s.
Mlnn.& St.L.,lBt 7b gua.
Chess. & Ohio tis, 1st m..
do
ex COUD
CUcago & Alton Ist mort.
68«
108
&
Cent.
Ist, 1890.
Jersey Southern Ist m. 76
N. r. Central 68, 188:!
68, 1887
do
68, real estate..
do
6B, 6ub8crlptlon
do
do Hudson, Ist m.,coup
Ist m., reg.
do
do
Hudson R. 78, 2d m., s.f., 188
New
do
North Missouri,
78.
1st
K
Ist consol.
am
conv
79
assenied..
adj'mtb.,
do
.
69?<
88 hi
80
V0%
B. bon.guar
55
aeseuted.
Am. Dock & Imp. bonds
do
hssented.
do
CI1.MI1.& St.P.18tm.8s,P.O
do
7 310, do
Mm.
do
lBt7s, $g.,li.D
do
Ist m., La CD
do
l8tm.,I.&M...
do
l8tm., I. & D.
do
lBtm.,H.&U.
iBtm., C.&M.
do
do
cousol.slnk.fd
do
adm..,.
do l8tm.,7p, l.&D.Ki
Chic. * N. West. sink, fd
do
Int. bonds
do
consol. bds
ext'n bds..
do
do
Ist mort.
do
cp.gld.bds.
do
reg. do
Iowa Midland, ist m. 8s.
Galena & Chicago Kxt
.
45
45
121«
lOoMilOO
103^1
lOSJi
1C9
110
100« 1005^
100
m%
St. P., Ist
do
1st
lOSH
;ii2
108
I09i«
102Ji
104
m
2d mort.
m.78,8F.
consol.
do
do
7s,conv.
mort.. 76, 1907
Byr. Bingh. & N.Y. let.Je
Morris & Essex, 1st. m.
do
2d mort.
do
do
do
bonds,
1900.
construct'n
78, of 137
1st con. guar.
UeI.&Hud.Canal,lstm "
do
do
do
Ist extended
do
coup. 78, 1691
do
ree. "s. 1894
• irrlce
96
t20
10«
103
103
tl06
tl09
tllO
75
7i
104
1105
100
tl08
long.... 1112
tioi
108
;ii2
755s
120
120
Yonkers Water, due
1903.
1903
Ist 7s, gold...
California Pac. KR., 78, gold .
do
6s, 2d m. g.
Central of Iowa 1st m. 78, gold.
755» Chlc. & Can. South Istm. g. 7s.
Chlc. & East. 111. 1st mort., 68.
IfOM Chlc
mort
&
m.
Mien. L. Sh. 1st
do
do
Cleve.
&
;h ;d
do
do
Ist
FlttB., 0on60l.. 8.f
77«
.
102
92
97
83
40
28
625,;
Inc. 7».
20
Ss, '89,
tlOO
1
12U<
I
117J4
108;i
llliX lla
30!<
3U>4
....
..,.
....
....
79
79«
70
79H
I8t7s,
g
is.
80
.
6756
6s. g..
6«<
iBi'okern^ (quotations.)
STATES.
44
73
consols. A..
C
Georgia
4Hi
6s, 1879-'89
Carolina con. 68 (goodj.
Rejected (best sort)...
10356
81
68
Texas 68, 1892
M.4S. tioa
7s, gold, 1892- 1910.. J.&J. tua
78, gold. 1904
J.*J. tll3
10b, pension, 1894.. J.&J. tioi
106
112
1015<;
[106)^
07
Augusta, Ga., 7s, bonds,.
Charleston stock 6s
Charleston. S. C, 78, F. L,
Columbus, Ga.,
Lynchburg 68
.Macon bonds, 78
110
112
Memphis boude C
Bonds A and B
85
70
Endorsed. M.
bonds
78,
I06,is,
lSt«
HS
72
104
I '.3
115
loa
&
KK.
C.
Mobile 58 (coups, on)
88 (counoi'S on)
;o3
1 1
6s, funded
Montgomery, new
115
102
Na8bvlllc6B, old
113
109
100
New
6s,
New
83X
100
88
6b
4356
35
6456
23
103
8656
44
tUO
36
35
99
02
tibi
40
48
•85
8b
Say8nnah78, old
88,
new
gold
40
41
93
78
103
CoL&A., cons. 78.
do
2d "s.
do
Cheraw & Darlington 88..
East Tenn.
Tenn. Va.
Stock
Georgia RB.
64
90
78
25
ti02'
ioi
68..
7b,
Ist.
>Z
31
48
35
84
9154
30
42
85
99'
62
62
70
70
20
97
20
103
30
108
119
36
7s
* Col. 7b, Ist m.
guar
&
73
85
60
103
90
90
1015<
Macon & Aug .21 endorsed
Memphis & Cha'Bton 1st 78
Stock
8l5s
01
'78
76
275^
Ga.
....
8tock
.Memph.
10
Georgia
&
6s
85
50
100
t99
705i 7356
09
lUO
St
Tenn.A Va. 6s,end.Tenn
Greenville
53
90
15
on.
Stock
K.
a.
60
35
35
40
69
RAILROADS.
2d 78
b9
78
coup
Ala.&Chat.,l!ec'sctfs ,Tar
Atlantic & Gulf, consol.
Consol., end. by Savan'h
Carolina Cent. Ist m. 6s,g.
Cent. Georgia conBol.m. 78
"m
68
84
70
J
J
Charl'te
105
101
01
9»5!j
I0«
10256 1035t
68
Wllm'ton,N.C.,6a,g.
50
72
55
'29
89
28
87
32
94
93
5b,.,.
liidlroad, 68
78,
101
100
'as
7854
new
Orleans prem.
Consolluated 68..
Richmond
99
107
08
97
1^8
38
Norfolk
104
CO
98
65
25
25
28
54
Compromise
107
10556 103
Keokuk & D.M., Ist 5 s gr. R.I
85
8756
Long Island RH., Ist mort. ... 101 103
Loulsv. & NaBhv. cone. m. 78. 1035i
2dm., 7s, g..
do
8956
Michigan Air Line 8s, 1890
•105)4
Montclair & G. L.ist Ts, (newj.
2d mort. 88
^ew Ut mort
New debentures
& Jacks. Ist m.
N. o.
Ss..
Certificate, ad mort. 88.
Nashville Chat. & St. L. 78
Tenn. & Pac. Hr.
li't,63,Mc.'a.M.W.4Al.Br
Nashville & Decatur 1st 7s
Norfolk & Feterab.lst m.8s
73
90
65
93
45'
106
93
80
90
40
'so
9J
99
82
5
&
35
35
oa
76
Rock Isl 36
Cent. Ist m.
100
Mississippi
2d mort., ex coupons
Tenn. Ist m. 88, A.
Ml8S.
lat mort.. 8s, B
Mobile & Ohio sterling 8s
Sterling ex cert. 68
88, Interest
60
1C5
Little
89
100
100
87
7
43
108
93
1105j 1!25<
84
64
64
60
15
80
25
10^56
09
86
66
66
65
20
SO
111»
101
lOOX
lat, 6s,
Ist
mort.
SOW
,...
10051 1005<
101
9<
90
7s
2d mort. 88
Northeast., 8.C., 1st
m.
102
2d mort. 88
Orange &Alex'drIa,
25
lst8,6t
4th mort
lOtt
do
tios
N.J. Midland 1st 7s, gold
27
^46,68
& Ind. C, Ist mort 61
S.Y. Elevated UR.,lstm
99
100
3d8,88
do
do
2d mort
iw5i 19« N. Y. & Osw. .Mid. 1st
6
7
4th8^88
Rome Watert'n & Og.. con. Ist SO
35
do recelv's ctfs. (labor)
27
34
Rich. Fred. St Potomac 6&.
110
St. L. & Iron Mountain, let m.
do
do
(olher)
24
28
mort. 78
do
do
2d m.. ;75
Omaha & Southwestern Rli. 8b 11256 11356
Itlch.A Danv. Ist consol.6F
Bt. L. Alton & T. H.,l8t mort.
109
Oswego &. Home 78, guar
86
93
South west.,Ga. ,(jonv.7s,'W)
do
2d mort., pref..
•20
77
Peoria Pekln & J. 1st mort
40
Southwestern, Ga., stock,
2d mort. Inc'me
do
89
Pullman Palace Car Co. stock.
75
i. Carolina RR. Ist m. 78.
BelleTllle & S. Ill.K. Ist m. Sr
97
do
bds., 88, 4th series
2?j
03
78, 1902, low Xos
Tol. Peoria * Warsaw, let E.D
St. L. & I. Mt. (Ark. Br.) 7s, g.
85
90
7e, non mort
do
I8t w.
St. L. * San F., 2d m., class A.
52
68
Savannah & Char.lst m. 78
do
Burllngt'n Dlv
class B.
do
do
35
?2^
Cha'ston & Sav. 68, end
do
2d mort
do
class C.
do
West Ala., 1st mort. 88..
consol. 7n
do
St.L.&So'casl. con8.78,gold,'94
30
2d ra.Ss, guar
•99
do P.Com.Kcpt6,l6t,E.D 9554
St. Louis Vandalla & T. H. 1st.
104
do
do
PAST DUE OOUrONS
Ist.W.D
95
2d, guai
66
do
70
do
do
Bur. D
Tennessee State coupons..
112
Sandusky Mans, ft Newark Ts.
96
do 1st pref. Inc for2dM
t-5
South Carolina consol.
South Side, L. I., Ist m. bonds.
88
do
do fo.-cons'd
sink. fund..
20
do
2056 Virginia coupons
T01.& Wabash, Ist in. extend tl30
Consol. coup
South. Minn. Ist mort. 7s, '88.
B8
8">
do ex coupon
7r. 1st
Mpmn'ilfi City coupons.
90
106
do
aomlnal.
t And accrued interest.
{No price to-uay ; tuese aie latest quotatlooB made thlB week.
lb6>i
115
110
a
36
29m
Suoth'n Securities.
3.
m
{50
&Det
B,58
83
''h.St.P.& .Mlnneap., 6s,g.,new
85
do
do
1. gr., Cg, g
1015ill02Hi
42
7i5il 7251 Chlc. & S'thweatern 78, guar..
01
Cln. Lafayette & Chlc, let
75
Col. & Hock V. Ist 78, 39 years. tlOt
107*! 107%
do
lat 78, 10 years. tH9
m.
2dm..
3d m.
tll2
105
+07
110
\0\M\lui
do.
.-.p.
RR—
S.
(Petersburg 68
104Hi Cairo* Fulton,
.ad
registered
Alabama new
HAILHOADS.
Atchison & P. Peiik, 6s. gold..
Boston & K. V. Air Line. Ist m
do
do
595i
tU056 lllX
.
1894- '94 ....
l-SOs.
10154
'
.
12154 .21}*
la;
reg...
W. & Chic,
Pitts. Ft.
102H
73
Pouehkeepsle Water.
Toledo
deferred bonds
D. of Columbia 3-638, 19M.
do
small
Waterworks
103
110
tlOO
tl06
.
Uetit
10
72
tl0756 108561
long
•i
35
68,
Atlanta, Ga., 78
do
2d 78, 80 years..
92M 93
Dan. Urb. Bl. & P. st m. 7s, g
Denver Pac, Ist m.78, ld.gr.,g.
do St'iie Aid bonds
Erie & Pittsburgh Ist 7s
do Land Grant bonds.. t»3«
do
Western Pacific bonds
con. m. ,7s..
,1045« 104M
98
do
Southern Pac. of CaL.lst m.
7s, equip...
mort.
108
Bvansvllle
b'ds 'io7J<
& Crawfordsv., 78.
Union Pacific, Ist
Land grants, 78. 107S 107H KvansvUIe Hen. & Nashv. 78...
4o
Bvansvllle, T. H. & Chlc. 78. g
Sinking fund... 103« 104
do
10 IJ^ 05
nint&Pore M. Ss.Land grant.
Pacific R. of Mo., 1st mort..
Fort W., Jackson * Sag. 8s," 81
104
2d mort
do
Income, 7s.
Grand K.& Ind. Ist 78, 1.g., gu.
do
IstCaron'tB
do
do
Istis, 1. g., notgu
do
latex 1. g. ,s,
South Pac. of Mo., Ist ra
895^
Grand River Valley Sb, 1st m.
Kansas Pac, ist m.. 6b, 1895
with coup, cif 6.
X075< Hone. & Gt. N. let iS, g., cert8,
do
Hous. & Texas C. 1st 7s, gold.
do iBt m.. 6b, 1896
do
with coup.ctfs...
West, dlv
do
99M
do
do Ist, Ta, Leaven.br., '96
Waco
with coup.ctfs
do
cousol. bds..
do
425*
[n.l. Bloom. & West., Ist
do l8I,7«,U.&L.G.D'd.'99
with coup. ctfs...
Indianapolis & St. Louis Ist 7s
do
Indlanap. & VIncen. Ist 78, gr..
do 1st m., 78, I'd gr., '80.
wtthcoup.ctfs
International ^Texa8) Ist 78. ..
do
do 2dinort.,7s. 18S6. ,.
Int. U.& G.N. conv. 8s
US
19
do
with coupon ctf^..
Jack. L. & 8. 8s,l8t m .,"whUe'
18« aal. Allegan. &. G. R. 8s, gr.
do Inc. cp. No. lion 1916
1B)4 ICalamazoo & South H. 88, gr.,
do Inc. CD. No. 16oul9ie
do Dju.D.v.Truu Ke
{69
Kansas City J^ Cameron lOs...
PenuBylvanla
102Mi
m.bdi
Pel.La;k.& Wfst.,M m.
do
98«
100
.
do
60
123
l07Mil07)<
109>i!110
Peninsula, lat m., conv.
Chic. & Mllw., 1st mort.
Winona &
38H
lOBJi,
.
C.C.C.&lnd'B
111
ll«
80
fcSSeHted..
&W
111
IMk
do
,..
CITIES,
river Improvera't
Clcvelan.l7.H,long
Detroit Water Works 78
Elizabeth City, short
Oswego
conaol. bonds
Un. Pacific, So. Br.,
{109
sewerage
water
Gs, various
Indianapolis 7-3tls
104 Ji Long Island City
105
Newark City 78 long
83
do
Water 7s,
n0454
116
Ohio & MlSB., consol. sink. fd.
Income. +104
consolidated. .
do
sink'g f und
2d do
do
98K
JoUet & Cblcago.lBl m. JlOU
IBt Spring, dlv.
do
La. & Mo., 1st m., guar
100
1C0>4 Paclhc RailroadsSt.L.Jack.& Chic, 1st m.
Pacific
gold bonds,
108
Central
Chic. Bur.& Q. 8 p.c.,lstni is
do San Joaquin brar.ch
do
consol. m. 7b 116)^
do Cal.& Oregon iBt.
68, 1917, coupon
68, 1917, reglst'd ...
. J., let m., '90
71
res
Rochester C. Water bd«.,
Mo.
do
do
7s,
7s,
78,
.
...
28
2B
'M
73
55
38
Union & Logansport
—
do
do
do
•>
2US:
I'iK
I36i
ei matured coup
ITol.Can.
W
do
ex coupon
5956
Great Western, 1st m., 1888.. {ISO
do
ex coupon 106^
do
2d mort., '93
96
c'o
ex coupon
7756
Qulncy & Toledo, iBt m., '90..
o
76
ex coupon
Illinois & So. Iowa, Ist mort 105
do
85
ex coupon
PeklnLloc'ln&Dec't'r,lstm
Western Union Tel., 1900,cp... 10856
51« TolcdoSs. water,
d;)
do
Lehigh
do
do
equip't bonds
con. convert
li25«
165s
«2>S
do
do
do
do
do
78
115« Hartford
10.1
Mo.K&T.,c;n8. ass., 1901-5-s.
2,1 m. Inc.. 1911
do
H.
111
111
C-inada South., Ist guar
Harlem, 1st mort. 7s, coup..
5b sink, fund
&P..8.f.lnc.6B,'95.
U15<
lit 5*
State Line "s
&
iSioci:
Central of
108
87
2draort
Extended, ex coup..
CITIES.
Kalamazoo & W. Pigeon. 1st tlOO
Det. Mon. & ToI.,lBt 7s, 1906
1085i
Lake Shore Dlv. bonds
1105i
Cons. coup.. iBt. 112.'i!
do
112
Cons, reg., Ist..
do
Cons, coup., 2d.. 1045ii
do
Cons, reg., 3d
do
'81
Marietta & CIn. Ist mort
Mich. Cent., consol. 76, 1902 ..
lslm.8B. .'882, s.f,
do
equipment bonds.
do
American Coal
do
Ch.Rk.l
Wa'jash, .Sim. Sl.L. dlv.
ex-matured coup...
Miscellaneous List.
104
106
11056 112
new bds
& Erie, new bonds..
do
&
2«
2H
....
10
10
AlVD BOXBS.
do
do
do
do
bonds,
do
lU
Albany, N. y., 6s, long
llOJS'lll
Buffalo Water, long
lOi!)^ ioo5b Chicago
6b long dates
"
new bonds
new
68,consol., ad series
3
(.Jirokers' Qtwtatiotis.)
Tol. sinking fund..
Cleve. P'vllle
&T.H....
Bellevllle& So. llL.pref
I. Mt. & Southern...
Bt.L. K. C. & North'n.pref
Terre Haute & Ind'pollB
UnUedK.J.R.& C.
101'
:c8«
do
Bt. L.
ir,7
2d mort...
do
do
Lake ShoreMich 8. & N. Ind., S.F., 7 p.c.
.
Otf.
iVd«
* Minn., Ist mort..
Indlanap. Bl. & W., 1st mort..
Cleve.
special.
Saratoga
6t. Louis Alton
do
lOOM
10954
104
2d dlT. ;110
81
do
do
Cedar V.
Texas.
68,
6b,
6s,
68,
..
S!5
10
6s,
68,
68, old
Virginia
MR
10
10
new
new serlea..
do
do
I
St. Jo., 88.
Nashv. Char. & St. Louis
Kew York Elevated Kit..
N. T. New Haven & Hart.
Ohio
105>t 1085s
_
JoUet A Chicago
Kansas Pacific....
lOlW
cons. mort.,g'd bde.
Lone Dock bOHds
Buff. N.T. & E. 1st. m., 1916..
142
llflW
105)J
104
107
104
7b, 1S79..
78, 1883.
7s, 1830..
do
5th
55
Harlem
Long
2d do
Sd
do
4th do
82%
Erie pref., $2 aBsesa. paid
^IsBOurl Kansas
&
&J
1889, A. & O....
780f 1833
19«
Non-fundable bonds ...
19
Tannessee 6a, old
1054
10)4
18S6
.
CHicago & Alton
pref
do
Cleve.Col. Cln.Stl
DubuquG & Stoux
Tol.
LandC,
Til
act, 1866
lSi9, J.
Land C,
64
-J
1011
Ill
Albany & Susq. Ist bds
100
^d do
do
Sdbon'a...
do
rif)
1st r4)nR. eua
Rens. & Saratoga, 1st coup
Istreg...
do
39^
1st m.,1900
98
799i Denv.& Rio Grande
Cauada Southern
18«
Funding
84
84
61
"2H
RAILROAD ANP MISCEIiLANEOUS STOCKS
Active prerVusly quoVd.)
Albany & Busquehanna...
Burl. C. liap. & Northern.
•.2i
Special tax. Class I
do
Class
do
Class 3
01llo68,1831
do
Railroad Stocks*
lio
121
.
.
,
Raode Island 6s, cp., '93-4
3 juth Carolina 6a...
Jan. & July
April & Oct
113
113
do loan., .1883.
do do .1391.
r>a
do do
1892. ..,
V.J
do
do .1893
20
!Torth Carolina—
TJ
6s,old, J.& J
73K
7U
7»
do
A.&O
J03«
N.C.KR
J.4 J
105
do
.. ..A.4 O
112
do coup, off, J. 4 J
10«(^
do do off. A.* O...
105W
rnndlng act, 1866
U15X
do
1883
Sew bonds, J. & J
109W 106«
101%
do
A. &0
isn....
do
do
1833. ..
1889 or '9J.
do
or Un.,due 189^
Funding, due 1831-S...
do
do
do
Asylum
68,
88,
is,
M
M
M
small
7s,
1
1(H
SBOTTBITtEB.
gold, reg
do coup., 1887.
'
,12
new
Michigan 68, 187S-79
68,1883
do
7s, 1890
do
MlBsoorl 68, due 13i2 or '83
•
13S6
do
do
108V 111
...
78, gold bonds...
Illinois 6s, coupon, 1879. .
6b, new.
float's debt,
68,
78, Penitentiary
6s, leTee
88, do
88, do 1875
88, of 1910
7b, consolidated
do
d»
do
do
do
do
do
do
43
RR..
SKOUBITIBB.
New York State—
68
LoalBlana
I
4.'!
88,1S8S
8s,
88,
BSOCBITIKS
8k.
Bid.
Col. Chlc.
.
,
,
.
88
00
74
35
12
HO
100
78
104
1(0
90
83
5
EO
105
105
15
40
20
78
30
10
40
107
107
25
i
Dkcrmuek
THE (CHRONICLE.
14, 1878.]
NEW YORK LOCAL
Bank Rtook
625
SECURITIES.
Insnranea Sloek
blat.
[Qnoutlont l>y
COHPAMIX.
llark'd thiu (•)
•ra not Nal'l.
Amcrlcm*
Am.Bxohuge.
Bowery
BroadwAT
at latest
tetea.
i
100 8,000,000 i,8Hi,«aa J.*. I.
100 0,000.000 l,Sir7,40b U.&N.
I»',000 1.* J.
100 090,000
Chsllum
31
100
CItlzena'
City
Coiuinerro ....
ConllNf!ntal
Corn Kxch'ge*.
KailHIvcr....
11th W»rd'...,
Fifth
Fifth ATcnue'.
Fli»t
Fourth
Fulton
Oallmlu
Am.*.
Oeriuun Kxch.*
Germ an la*
Greenwich*....
Grand Central*
Groceri*
Hanover
Imp.ATraders'
Irvlnff
Island City' ...
Leather Mftnuf.
Manhattan*.,
.
Manuf.&Mer.'
Marino
Market
18
lS«
68
16
•78.
'78.
Inly, '78.
July '78.
10
8
84.^000 J.* J.
83,800
108,100 I.* J, id
4fiO,000
800,000 3,2'iO.SOO Hl-m'ly 100
8
ieo,uc>o J.AJ.
600,000
8
8
•July, 'Tt.
Ju y, •78.
26
100 ,000,000 1,014,600 M.&N.
100 s.ooo.ooo <,888,300 I.« J.
320,200 I. ft J.
1(X) 1,«80,000
100 1,000.000 081,200 f.AA.
60,800 I. ft J.
to 290,000
8.000 J. ft J.
25 100,000
47,400 IJ-J.
100
100,000
100
100,000 143,800
100 000,000 1,877,400
100 3,000,000 887,800 J. ft J.
ao 600,000 44«,3(I0 M.ftN
BO 1JSOO,000 609,000 A.ft O
43,100 IT. ft A
100 700,000
4!>,200
100 800,000
May.
4H,7(X1 May.
100 •-iOO.OOO
20,aoo M.&N.
8» 200.000
nil.
85 1CO,000
22,700 I. ft J.
40 noo.ooo
168,100 I. ft J
100 1,000,000
100 1,000,00(1 ,7I»,200 .J.ft J
114,0)0 .I.&.7
fiO
000.000
7,900 J. ft J.
EO 100,000
100 eoo.ooo 412,300 I.ft J.
0012,050,000
20
100,000
4lJ0,0tK)
11)01
1,000.000
25;2,0U0,000
Moch. Asaoc'n. 00 000,000
Mech'Ics
Tr. 30 600,000
Murcantlle
100 1,000,000
1(H)1
Mechanics'
A
Merchants'. ... 002,000,000
Merchants' Ex. 5011,000,000
Metropolis".
lOOl 800,000
Metropolitan .. 100 3,000.000
.
Murray
Hill*..
Kassau*
Kew Vorn
S. V. County.
K.Y.N. Kxch.
Ninth
No. America"..
North lilver*.
Oriental*
Pac'ac
Park
Peoples'*
100,000
1,000,000
2,000,000
200,000
300,000
750,000
700,000
240,000
300.000
422,700
100 2,000.000
25:
Phenli
Produce*
Republic
UK)i
St. Nicholas...
1(K)
412..')0<1
20 l.OOO.QOO
200,000
100 1,600,000
Beventh Ward. 100:
Second
100
1,000,000
800,000
800,000
Shoo a Leather 100 1,000,000
Sixth
100 200,000
State of N. Y.. 100: W)o,ooo
Third
Tradesmen's.
9>i»,300
lOo!
40 1.000,000
,
1
Union
1)0 1, '200,000
1
West Side*
100
July
Nov,,
8
8
7
w
1,000,000 1,144,800 I.* J.
88,700 J.*J.
as 1100,000
Chemical
Laat Paid,
Period 1878. 1877.
Butchsra'.* Or.
_
Central
100 8,000,000
Chus
100 800,000
(}eniiiiti
200,000
l,Oig,.<)00 P. ft
"o
100
10
7
8
e
i'd
10
7H
8
8
10
3
9
8
8U,900 N1.4N.
l.S4,20()
M &N.
657,400 J.ft J.
t5,300
68,300 M.ftN
673,100.;. ft J.
6
;^
79,?0tll.T.A.l.
75,700 P. ft A.
Commerce
Commercial
•78.
240
150
5
Feb.,
•74.
May,
•78. 5
!w,aoo!j.ft J.
55,500 .!. ft J.
84,500 J. ft J.
184,400 .1. ft J.
417,700
F.
Q—
2tf7,300 I.& J.
142,'iOO J.ft J.
13«,700 J. ft J.
4,100
281,000 F.ftA.
36,100 F.ftA.
48,'«)0 J.ft J.
«7,H00 •!.* J.
23i,000-I.ft J.
42,'.!00 .!.& J
189,a00 M.&.N
Kll.
J.ft J.
337,500 J. ft J
r25,«0« M.ftN
78,200 I.ft J
Ang,
4
3«
6^
S«
.
8
H
6
i"i
12
6
10
f"
10
10
7
7
8
9
8
8
l-JB
3
52
3W
•7S.
.luly, •77.
3
63
128
60
ibd
d
12'l
1
80
123
July, •77. 3
July, •74. Sii
July, •7M. 6
2K
•78. 3
•78. 4
•78. 3
•74. 3hi
•78. 3
Aug. •77. 2ii
July, •78. 3
July, '78. 4
Ju y, •78. 5
July, •78. 3
Nov., •78. 3>»
Jan., '78. 3
July, •78.
Nov., •78. 5
July. •78. 4
SX
Gaa and City Railroad Stocks and Bonds.
fGai Quotation! by George H. Prentiss, Broker, 30 Broad Street.
Gas Compakiis.
Par.
Brooklyn Gas Light Co
Oltlxens^Gas Co (Uklyn)
20 2,000,000
20 1,200,000
1,000
9ertlticate8
ft
Hoboken
Manhattan
Metropolitan
do
certiOcatea
Mtltual.N. Y
bonds
do
Nassau, Brooklyn
do
scrip
do
do
Central of
bonds
certlflcatee.
New York
WUUamsbnrg
do
Var.
Var.
A.ftO
V.r. 1,000,000 M.ftS
100 5,000,000 Quar.
1,000 1,IX)0,000 F.ft A.
•29 1,000,000
Var.
Va
7*),tl00 M.ftN.
lOO 4,000,000 SI.ftN.
10 1,000/K)0 J. ft J.
1.000
880,000 M.ftN.
Var.
300,000 J.ftJ.
50
466,000 F.ft A.
50 1,000,000 Qnar,
Var. 1,000,000 J.ftJ.
100 1,000,000 M.ftN.
100 1,500,000
.
New York
People^s (Brooklyn)
no
do
320,000
60 1,850.000 f.tA..
20
38',000 f.ft J.
50 4,000,000 J.ft J.
100 2,900,000 M.ftS
Harlem
Jersey City
Amoant. Period.
scrip
Metropolitan, Brooklyn
Municipal
Date.
S
*
s
5
3
i«
Sept,
118
122
.54
5«
Oct.,
^o
HT4
.10
,SH
July,
l',!0
140
June,
148
99
HO
55
1.50
5
*ug.,
31* *ug.,
IX
3^
3«
Bid. Ask.
July,
Feb.,
Oct.,
101
53
'78
MO
NO
16
90
70
mi
75
iti
July,
Aug.,
Ju
ah
y.
85
50
Ju.y,
Nov.,
80
m
m
n-i
K5
7«
90
55
85
[(JnoUtlons by H. L. Geaut, Broker, 145 BroadwaJ.]
*
BiMCk.tr St.* Fultonterriz—tA.
1st mortgage
Broadwat/ tt Seventh Ave—atTt,.
1st mortgage
Brootlgn City—stock
Ist mortgage
Broadwa'i (BrooKj/n)—stock...
Brooklyn ifc Uunter'ti /t— stock.
1st mortgage honfls
BuKliwIrk An. (/rtton)— stock..
Mntrul /'J., .V,<t E. lilver— am.
Consolidated mortgage bou'is
Dru Dock, a. B. ctBatieru—iik.
1st mortgage, cons'd
Ar«nu«— stock
Siffhth
Ist
mortgage
id St.
lat
<t
(frand St
.
Cons Convertl Jlc
KxteURlon
8txlhAven<ie- stock
.
mortgage
nird Avenue— Block
Ist
mortgage.
Itvtmlu-thirnStreei—BXocic
1st inorfgai'C ...
* I'lils
J.ftD
.It I-
100
100
1,000
Bouiton. y'esi «J.<ti*jr./"j/— itk.
1st mortgage
lat
500
1,000
...
mortgage
Q-J.
1,000 1,500,000 J.ftD.
10 2,000,000 Q-F.
1,000
300,000 M!ftN.
100
200,000 Q-J.
100
400,000 A. ft 9.
1,000
800.000 J.ftJ.
100
500,000
1 110
1,800,000 J. ft J.
1,000 1,200.000 J.ftD.
loo 1,'.)<V, IMtO Q-F.
111,1
mortgage
Second Avenue— stock.
Sd mortgage
900,000 J.ftJ.
694,000 J. ft J.
100 2,100,000
1,1X1"
/«T»-atock
C«n(ro( CVo«» Joi«n- stork.
lat
100
1,000
100
000
100
1,000
1.000
;ooftc.
100
1,000
100
1,000
100
1.000
•jn;i.i),«i
J.ftJ.
J.ftJ.
748,000j M.ftN.
236,000
600,000
800,000
890,000
500,000
1,199,000
150,000
1,050.000
800,000
700,000
410,000
2,000,000
a,ooo,ooo
600,000
250,000
July, •78
J^ly,i900
Oct., ^78
lune,^84
Nov., ^78
Nov., •SO
July, ^78
Jet., •76
IIX)
103
lOlX
"t"
89
*pr.,'78
Apr
96
20
90
45
'80
•SH
100
8ept..^83
85
,
May,
'77 60
July, ^90 106
May,
110
>li,v.,^78 118.W
July, •90
A ug., ^78
M
<
.
•ta 100
100
100
109
colnmn shotra last dividend on uocte, bnt the date u! maiarity of bond
.tS.
77. 4
7« Ang.
6
Jan.,
77.
77.
July
•7h.
H
'Si
100
in
•7H.5-78 180
iao
ISO
July, •7m. 6
July
80
190
190
7k. 10
Aug. 7H.10
July 7H.10
July, '7H.10
so
1-8
180
1-40 12'60 July, •78.6 70 170
80
14
10
20
19
IS
10
87,581
13
—
80
14
8
10
15
12
10
13
Ang
679390
129,778
321,187
33,298
137,207
599,819
95,828
1,179,042
19,135
144,783
108,807
41,215
+298,081
199,066
21,568
102,772
120,421 10
5l,W6ljlO
t204.7.^B 16
81,507, 10
201,431
40
5
July, •78. 5
105
July, i78.'6
July, •78. 7
July. •78.
Ju.y, •78. 714
127
160
115
20
40
10
•20
10
10
10
10
12
13
10
10
10
10
10
12
10
20
10
20
10
10
20
10
11
14
30
20
10
10
July,
lau .
Ju V,
10
13
20
30
20
10
18
20
14
20
17
5
8
5
8:)
90
135
109
li'i
Oct
30
20
20
20
20
20
20
20
July. •78.10
July, •78. 6
15H
10
11-55
15
10
20
25
16
10
30
id's
5
•78.
190
130
00
60
112
108
280
5
July, •78.
xf
16
10
1235
17X
10
!6
20
16
10
20
5
•78.
,
Jnly, •78.10
July, •78. 6
July, •7S. 5
Jan., '77. 3X
July, '78. 6
Jnly, •78. 5
Jnly, •78. 5
July, •7°.. 10
Jnly, •78 8
Aug., Vd 5
10
13
90
•78.10
July," •77.
30
190
'7S.10
•78.
'78.
•78.
11
10
13
26
110
88
10
13
20
121
ilKJ
100
80
150
80
135
lOS
160
160
10
10
13
1§«
90
119
140
8
J'liy. •78.10
Aug., •78. 7
18
79
189
135
163
•71.
•7S
July,
July,
Jnly,
July,
Jnly.
Jnly,
249
67
189
180
170
103
•71.
.In y, •78. 5
July, '78. 8
July, •78. 6
Ju y, •78. 8
July, •78. 5
.luiy, •78.10
20
20
18
5
Jul., •78. 5
July, '7H. 5
«ent. •:8 5
July, '78.10
10
20
20
July, •78
30
10
20
20
20
25
50
•;n y, '78. 3>4
July, •78. 75<
July, •78.
Jnly, •78, 5
July, •78. 5
J'Jy, •78. 5
12
13
10
130
107
46
'uly, •77.
,10
10
00
19
129
100
io
20
106
•7H.
•7M. lii
,
July,
luly, •78
—12,658
id"
30
!0
8U0
Oct., 78.10
July, •78.
Jan., •77. 8
iio
200
190
180
116
no
117
187
115
130
60
185
TO
93
80
167
60
120
105
•Inly, •78.6-28
.luly, •78. 5
Aug., •78. 5
July. •78. 7
July, •78. 5
Jnly, •78. 6
Aug., •78.
120
135
130
100
July, '78.10
199
40
188
85
Wall Street.]
liVTXKXBT.
NiW
York:
1841-43.
Water stock
1854-57.
do
Croton water stock. .1845-51.
..185'i-«l.
do
do
Croton Aqueduct stock. 1866.
pipes and mains...
do
rcpervolr bonds
lo
Central paik bonds. .1853-57.
..1853-65.
00
do
1870.
Dock bonds
1-75.
do
1865-68.
Market stock
Improvement stock
oo
do
—
Consolidated bonds
Street imp. stock
1869
1S6».
var.
var.
var.
do
do
New Consolidated
Westchester County. ......
5
Feb.,
6
do
bonds
7
-
Water loan
City bonds
Kings Co. bonds
do
do
Park bonds
Bridg"
'AllBroonlyn bonds
?«
Broker, Js Wall
JunaryA
do
do
do
do
ao
do
July,
lo
lo
(Alt—
Walei loan, lonr
n»i»-71
do
Beverage bonds
ISSihS'
Aasesament bonds. .1870-71
Improvement bonds
'^*-m
Benten bonds
.
'".o
104
109
107
101
100
lie
107
117
100
108
111
100
117
109
109
107
117
109
118
106
:u
118
10844 loe
108
III
106
mo
113
107
St.]
1878-1880 101
1881-1893,109
1910-1934 !21
131
1803
1910
121
1908-1800 110
1881-1885 104
1880-1t<H3 108
lSo-1H8e'l03
1:10
1934
1907-1910 110
flat.
[Qnotations by C. Zabriskii, 47
Jtriei/
-
-
6
Jr.,
Bld.lAsk
1878-1880 100
du
do
do
November.
do
do
do
do
May ft NOTsmber.
do
do
January * July,
do
do
Water loan bonds
due.
1884-1911
1884-190C
May ft
Feb., May Aug.ft Nov, 1907-1911
1878-1808
do
do
1877-1895
do
do
6
1901
May ft November.
7
1898
6
May ft November, 1894-1897
7
1889
do
do
6
1879-1880
do
do
7
1901
do
do
1888
do
do
I'1879-1883
do
do
7
1896
January ft Jnly.
1894
do
do
6
[Quotations by N. T. B«»k»,
flroojtlyn-Local Impr'em't—
City bond
May Aag.ft Not
do
do
do
do
6
Pbioi.
Bonds
Months Payable.
82«
B7«
July
97
50
90
9
60^
187W
CItr Securities.
Brldcebonds
130
115
40
.Tn.
Doc.
18
LQuotatlons by Danibi, A. Mobak, Broker,
i'l'd
J.ftJ.
(J.-F.
A.ftO.
M.ftN.
A.ftO.
M.ftN.
J.ftJ.
M.*N.
fS
100
80
108
1.50,000
July
Jnly
Jan.
Over all liabilities. Including re-Insurance, capital and fcrlp. t Inclusive of
Figures «Ith a mii.us sign before them shew that the louinany is
Impaired to that extent.
P.irk
July, ^94
J ft J.
180
110
150
'bo
600.000
200.000
200.000
200,000
July.
4
10
20
SO
80
80
Bl«
78. 6
78. HH
ISO
78. 7
.
scrip.
108
Apr.,
.j;* J.
100
175
104
135
^78 87
•US 101
Ju y, •TS
•an., ^84 100
Nov., •TB 115
Nov.i904
7'20,101
Jnly
10
19
10
10
80.. 80
1
,
A.ftO.
1,000,000
50
50
100
25
June,
Nov
M.ftN.
Q-F.
25
95
70
80
80
80
80
80
10
10
90,509
— I8,!M8
•^5
IS
10
8
10
20
5KM "'
12X
204,000
150,000
150.000
200,000
100
15
90
45
98
90
''-i&3^
l.'^l
2Ofl,0O<l
50
80
•
.VS
51)
10
,000,00 tioonoi9 9
5I7.688L30
SOfl.WIO
lira.4;):l 14
200.0(10
-11.117:1 10
2O0.0<)r
110.1115 15
2tM>,0(M
95
»:>
Nov.
Vtriommvr.
BnrjilDS,
Juljr I,
IS70. 1870. 1877.
IH'W.*
Laat Paid.
000,000
HolTman
200,000
Home
3,000,000
Hope
I'O.OOO
,50
Howard
500.000
Importers'ft T.. 50
200,000
100
Irving
200,000
SO
.leffcrson..
200.000
Kings Co.(Bkn) 20
150,000
Knickerbocker 40
280,000
Larayette(Bkn) 50
150.000
100
Lamar..
200.000
25
Lenox
150,000
Longl8l.(Bkn.) 50
200,000
25
I.orinard
300,000
Manur.ft BuUd. 100
200,000
Manhattan
250,000 2-,i7,280
100
Mech.&Trad'rs' 25
200,000 272,201
150,000 183,.521
50
Mech'lcs'CBkn)
54,368
200,000
Mercantile.. . 50
170,808
Merchants'
50
200,000
114,891
200,000
Montauk (Bkn) 50
184,751
200,000
Nassau (Bklyn) 50
115.836
371^ 200,000
National
210,000 832,)42
N.Y. Equitable 35
100
200,000 170,985
New York Fire
19,550
200.000
-S. Y. ft Boston 100
50,864
.S00,0r0
New York City 100
50
500,000 482,403
Niagara
125,671
350,000
North Kiver.... 25
25
200.000 418,974
Paclflc
10:),690
100
200.000
I'ark
150,000 207,114
Peter Cooper... 20
112.290
150.000
50
People's
Phenli (Bklyn) 50 1.000,000 656,319
11,261
200,000
Produce Ezch. 100
61,535
50
200,000
Belief
100
300,000 t38,0fll
Republic
73,072 ..
200,000
100
Kldgewood
25
200,000 209,231120
Kiugera'
200.000 119,037 12^
100
Saleguard
200,000
19,411 10
St. Nicholas.... 25
200,000
160,443 lie
Standard
50
300,000 162,(,23I12M
Star
100
200,000
M,227I10
100
Sterling
200.000
150,216 20
Stnyvesant
25
150,000
181,242 20
Tradesmen's.,., 25
250,000 237,990116
United States,. 25
800,000 196,807|10
Westchester... 10
250,000 414,028 80
wmiamsb'g C 50
101
.'alT,' •78
Nov., '7K
Jan., '76
BO
60
Hanover
'80
122
.N'OV., •78.
loo
Lxctiange
Farragut
.
3
3
July,
July,
July,
July,
"o'« Aug.,
Kmporluin...
Kmpire
Globe
Greenwich
Guardian
Hamilton
4
Jan., •;n. Sii
July, •78. 5
July, •78. 3
Nov., •7S. 2(4
luly, •78. 8ii
July, •78.
vug., •7H. 4
Ja,!., •77. 3
City..
40
loo
1
German-Amer. loo
00
Oermaula
July,
•7.*.
loo
17
Flromcn^s ...
Firemen's Fund 10
10
Firemen's Tr
loo
Franklin
3
July, •78. 3«
July, 78, 7
July, •78, 4
Jan., •78. S
July, •78. 5
'7^.
•75.
.Ian,, •76.
.'uly, '78.
July, •78.
.^ov., •78.
Nov., •77.
00
.
Continental..
Kagle
235
4U0
us
78 3
4^
4
loo
,30
Fire loo
July, •78. 8H
July, •76. 3
July, 78, 8
Nov.,
July,
8
8
71M,B0'J J.ft J.
818,U0O J.& J.
4O,';0C J.ft J.
17
20
70
City
Jan., •77."3
12
Brooklyn.,
Citizens'.
Columbia.
Nov., 78. 8
A
00
25
25
Droaiway
•May, •77. 8
ex
.
Iilst.
broll«r.7 Pine stfMt.1
88,816
800,000
18,881
800,000
400,000 tB«0,90«
78,779, 10
800,000
017 8
aoofion
78,64810
800,000
300,000 410^)6180
200,000 .>I07,860 80
108,000 808,786 80
800,000 t4lie,4SS80
810,000 178M0 80
140,780 80
800,000
8,088 !0
300.000
... ..10
800.000
200,000 178.804 80
American Ezch loo
Amity..
loo
Clinton...,
•Tt. S'
Amonnt
loo
IJowery...
Oct, 78. Sii
7
14
8
iVtna
American...
Aug.,.•78,
Nov
iS«
Par.
Atlantic.
00
110
Hoi., •78.10
July, •78. 8
Nov., '78.
July, •78. 4
18
Oct.,
fl« ,'uly
4,0*
I.ft J.
74.500 I.ft J.
284,100 I.ft J.
910,800 J.ft J.
8',«00 .M.ftN.
ibb
3«
,
2«
is
luOM loiM
S
8
4
CoHPAicm.
Adriatic
189
4
3
Jan., •78. 3
'
10
Aak
'uly,' •78. 'S
8^
80
Bid.
i The flgnrcs In this colnmn are of date October 1st (or the National banks, and
Of date Sept. 21 for the State banks.
do
BAItwr.
Net
K. B.
Sarplut
Montgomery
St.,
January * Jnly.
January * Jniy,
Jertey City.]
101
1803
1890-1803 107
1878-1879100
do
do
Jan., May, Jnly A Not. 1S78-I879, 100
18UI-V4 1U6
J.ft J. and J *0.
l;05
IHOO
Jannarv and Jnl».
108
loa
101
101
107
10H
THE
626
(^HllONlCLE.
Jtiucstmcrtts
AND
STATE, CITY AND COKPORATION FINANCES.
The lNVESTOK8'Sai"i'LB5lBNT
Ig
published On the laat Saturday
of each month, and furuiahod to all regular Bub.qcriberB of the
Chkoniclk. No single copies of the Suprr.EMUNT are sold at the
office, as only a sulHcient number ia printed to supply regular
ubscribers. One number of the Scpplemknt, however, is bound
up with The t'lNANCiAL Kbvikw (Annual), and can bo purchased
in that shape.
ANNUAL
REPORTS.
Eastern Railroad
(ITnss.)
(For the year eniing September
30, 1878.)
The
statistics relating to the operation of this road in the last
•fiscal year were given in the CnuoNiCLEof November 23, on page
The lollowing is condecsed from the directors' atuual
537.
report.
The present financial condition of the company ii a proper
subject for congratulation. A comparison of the sta'e of afiaira
two years ago with that of today is necessary to fully comprehend the very marked improvement which has taken plact) in
every respect. Tlie company's credit has daily been growing
stronger, while the necefsity for using it has been constantly
diminishing^ Two years ago doubts were very freely expressed
of the abilit^ of the company to work out of, within any reasonable time, if at all, the various difficulties and embarrassments
which surrounded it on every side. To-day these doubts have in
a great measure given place to a confidence which is believed to
be well founded. Of the various forms of debt amounting to
about £13,500,000, which, under the act of 1870, were made convertible into certificates of indebtedness there remains, September 30, only $337,003 to be converted. This has been further
reduced by the converting of |30,000 of debt in October so that
The total
at thia date the amount outstaading ia |197.003.
funded debt, including the old Essex liailroad bonds, amounts tp
$13,587,031. There has been an increase of |< 10,344 in the
funded debt, which has been more than otlset by a decrease of
$323,733 in the unfunded debt. There has thi refore been made
within the year an actual reduction of indebtedness t $113,489.
The favorable decisions of the courts in several important
lawsuits, and the siti.sfactory settlement of others by comproTliere remains one
mise, are also subjects of congratulation.
suit only yet to bo tried, in which the amount at issue is c mparatively small. The litigation In which this corporation has
been Involved during the past two years would soem, therefore,
to be at an end and it may be as'suracd that no new questions as
to the interpretation of the act of 187(i are likely to arise.
In the last annual report it was stated that the question
respecting the rights of creditors holding ten year notes of the
company as collateral had been finally settled by the Supreme
Nevertheless, certain of the creditors sought by
judicial court.
a new suit to re-open the question upon somewhat ditfnrent
grounds, or to secure a modification of the deoiaiou rendered, but
without success. The court reaffirmed its ori;;in«l opinion.
This decision has now been acquiesced in ty all tha parties to the
suit, and they have all accepted oertificates of indebttdness for
their respective debts.
The suits brought by the Merchants' Bank and the Bank of
Commerce have both been decided by the supreme judicial court.
These creditors held notes of the company secured bv insufficient
collateral; and the question raised wa^, whether, under the act
of 1876, they were not obliged to make their election either to go
without certificates of indebtedness, sud make the most of their
collateral, or to surrender the collateral and accept certificates of
indebtedness. The court decided that, suliect to certain modifications, they had the right to sell their collateral and take
certificates of indebtedEosa for the unsatisfied balance of their
debta and on that basis the matter has been finally and sausfac-
—
—
;
<
;
;
torily settled.
An agreement waa made with the Portsmouth Great Falls &
Conway Railroad, I'y which that company was to issue a million
dollars of four and a half per cent bonds, hiving sixty yoirs to
run, and secured by a mortgage of its entire property, in lieu of
the million dollars eeven per cent bonds, duo Ducember 1, 1892,
then outstanding, bearing ihe guaranty of the Eastern Railroad
and also to make a new lease to the Eastern Rai'road for sixty
years, in place of the one to the Eastern Riilroad iu New Hampshire.
The Eastern Railroad, on its pirt, was to pny to the
Pottfmouth Qreat Falls & Conway Railroad an annual rental
equal to four and a half per cent upon tie rew mortgage I)0nd8.
This arrangement was duly B))provod at a meeting of th" stockholders of the Eastern Railroad held Sepiember 30, 1878, by a
vote of 37,144 eharfs to 54 shaies. It was iil.so duly autboriz-id
by the atockholdrrs of the Portsmouth U.eat Falls & Conway
Bailroad.
In the aame connection, it became necessary to IT ct some
settlement of the questions at issue in thelitigation with the Eastern Railroad in New Hampshire. The prolonging of this litiga
tion was working material injury to this company, anl an
adverse decision by the courts would have had very serious consequences. A compromise was accordingly effected, by which
this company secured, under a new lease, tl>e control of the East.
ern Railroad in New Hampshire for sixty years, at an annual
rantal of |32,o00. This was also duly authorized by the Eastern
Railroad stockholders at the meeting in September, by the same
vote above meotioued, and was a.lto auluorized by a majority of
;
i
[Vol. XXVII,
the stockholders of the Eastern Railroad in New Hampshire.
The approval of the railroad commissioners and of the governor
and council of New Hampshire has been given to the leases of
the Eastern Railroad in New Hampshire and of the Portsmouth
Qreat Falls & Conway Railroad, as required by the legislature
of New Hampshire.
The whole settlement has been consummated and all of the suits at law withdrawn.
The de'ails of the year's business show that there has been a
falling ofTin gross earnings of $55,173, which has been met by a
reduction in operating expenses of $127,004, thus making au
actual gain of $73,403 in net earnings, as compared with the
results of last year. The falling off in gross earnings has been
cliii fly on the freight business, and has been due in part to exceptional local causes.
There has been a email dtcrease in the
passenger earnings proper, which has been rather more than
made good by an increase in express freight, so that "pas
senger earnings" show a email increase. The reduction of
expenses has been efTccted without any way impairing the
efBciency of tho administration of the road. The property of all
kinds has been kept fully up to its former condition. All exoenditurea have been ciarged to operating expenses, as well as tl'ioaa
for new work, adJitions, improvements, etc., as those for ordinary
repairs and maintenance of Ihe property. Nothing has been
charged to construction or equipment account.
The funded debt of the corporation is $13,587,021 the
unfunded debt $1,488,348; making the total debt liability
$13,075,370. The total interest paid and accrued for the year is
The cash assets are $447,547.
$547,310.
;
New York
&
Providence
Boston.
{For the year ending September 3 ), 1878.)
At the recent annual meeting, the old board of directors wta
re-elected.
The annual report furnishea the following:
onoss KARNIKOS.
Tlirongh psBsenzers
Lorai passengers
$Jtl,2f.O
187,3.14— $432,085
US.SW
Tliroupli frclsht
Local freight
Mall eervicc
Rents
Gas maniifacluriiig
Ferry saloon
Dividends Provldooce
1S4,744— 267,011
lO.Mt
!),C71
8S
480
Si
Stonlnglon
8. 8.
Co
n2,6S6
Ei.glnes sold
I.COtt
$581,698
Operating expenses
Paid dividends
Paid Interest
$I3(),£8>
$300.tKO
80,»8r— 830,;aT
1677.
$85.3,696
lets.
$8.34,693
494,699
436,6t^g
$18,997 Decrease.
58,ll(i Decrease,
Net earnings
$353,997
Receliits from tliroujh passengers—
$398,115
$39,! 18 Increase.
Uccelpts
Expenses
Bjaliliio
$45,S01
$75,7!J5
J30.5'.4
Increase
bbore line
144,81)4
147,165
17,09!)
Decrease.
$189,46b
$102,930
Number
of pa^senjjera carried:
Thniugh
pa-ifcngers
Commuters
Number
Numljer
3i4.B80
1CS,«S8
66.S)t
14,795
593,673
657,742
(4,09 Increase.
147,:387
Lccil passengers
of freight carriei
f eight
Through
L
t),954
of passengers carried one mile, 1378
iif passengers carried one mile, 1877
1977.
Aminnt
$13,454 Increase.
1878
203,593
3^7,478
96,674
1877.
cal freight
Increase,
In rcaso.
Decreass.
n.8^8,44i
16,37885>
18;8.
Tons.
Tons.
187,161
60,414
8 0.933
78,412
13,771 Increase.
17,998 Increase.
847,576
279,345
31,769
Increase.
President, Mr. Samuel D. Babcock, remarks: "As will be
seen by the figures herewith presented, the business of the road,
both through and local, as compared with the previous year, hss
largely increased, viz
The
:
On throngh passengers
On local pns engers
On hrinigh freight (tons)
On local freight (tons)
I
SB,53I,
or 38 per cent.
or 4 3-10 per cent.
13,771, or 7 1-3 per rent.
17,998, or 89>4 per cent.
14, '.9J,
" While the gross earnlnga, in comequence of the low rates
which have prevailed, have decreased $18,997, on the other
hand, the expenses are less by $58,116, leaving the net earniuga
The result ia piculiarly
|;;9, 118 in excess of the previous year.
gratifying in view of the fact that this year has been one of fierce
corapetit on, with lower rates for both passeuters and freight
than have ever before been known."
East Tennessee Virginia & Georgia.
{F^r ihe year ending June 30, 1878.)
At the annual meeting in KnoxviUe, Tenn., Nov. 27, the
stockholders voted to authorize the i.ssue of mortgage bonds for
the purpoje of prov ding for all the existing bonded debt of the
It is not purposed to increase
at or before maturity.
the debt, but to provide for outstanding bonds as they mature.
This company leases the Memphis & Charleston road, for
wh'ch a separate report is made. The following figures of the
E. T. Va. & Ga. road are from the President's report for the year
ending June 30, 1878. The earnings were as follows
company
:
Passengers
Freight
s and mails
Uiscellaneoas
Gxpre
Total
Expenses
1877-78.
$8l)5,5S«
648,«9I
63,64t
4,784
81,0J2,':'51
1*76-77.
J 300,0-35
623,619
1 8.882
8,221
$991,019
668,923
^'il'lL
$3!6,Ii6
$489,603
Netearnlngs
President, Mr. R. T. Wilson, remarks " The result of
the operations of the year, in a revenue point of view, have been
The
:
DfcCBMnKn
14, 1878.]
I
HE CHRONK^LE.
BotQoieut lo pay the interegl on nil the indubtidaess of the company, n ilividuud of 3 per cmt upjn Us cnpltal stock, inalntnln
the physical condilloa of the properly, and li-ave a rurplus of
$80,ll)(l; but it Is proper to statu tbat ^55, R:)? of this has been
applitd 10 the payment of judgments recovered st^alnst the
cumpiuiy dutioK the year on old and disputed claiuie'."
I'hd buflintHA of th« nind has Butfttred from the frenoral (iiiar
rangiiuieut of Sjuthern bur:lne«H rHsaltloff from the yellow fevtr,
while Us leaHed Memphis tl Clmrlestou lino has suffered (till
more severely, a lari^e part of its busloeoH beln^; stopped for
monthd. Tons of freight carried, 1377 78, |2a!),034; 1870 77,
$218,867.
During the year there were laid 9 miles of steel and 10 miles
of iron rallii, and G0,8U1 new tie.'< a new iron bridge was built at
Mossy Creek 3 HPginus were rubuilt, 3 postal and 3(J freight
cars rebuilt. The rep in ro>;ommend8 an adherence to the
present low rale o( dividends until the old rails are all replaced
;
;
aad some other improvements mnJe.
KoAXville t Ohio.
(For t/ie year eiidiny June 80, 1378.)
This company owns a line from Knoxville, Tenn.,
ille, 88 miles. The stock and debt are as lollows:
Btiick
to Carey-
;
'
report was
Capital Steele
by charter
made
69,897
62.U1'J
$3«.8e2
$87,190
and
and twenty-six days
when
ycur
endlncr
the roi^ w.hs
•5.^.0l:0
in prucca:* of cun8.ruc;ion.
1,376
.'
!i',l4B
l,iil4
.leal
attendance
).47S
.
!,!)«)
Insurance
Acvcrtiaing and pristlDg
.
..
Total
7«3
3,;0i
Interest
ToUl
SECOND AVENUE RAILROAD.
1879.
1877.
$1,9!I5,600
$1, 69,600
Fundeddebt
1,822,100
37I,C00
Floatinedebt
mortgages on nal
1,627,500
20,010
estate.
Road and Equipment.
Jtc
Ac
..
Totali
$1,846,1166
$1.84«,'69
844,058
16,616
69'),«7a
1IK).91U
92,80(1
IH.IWO
$!,89^,t84
$2,831, i£9
Ezpenaef
$780,466
dividends last year wure at the rate of ei^ht per cent.
$774,288
$803,1.'8
f,621
1.200
Totals...
Passengers carried
and mules
1779,178
8.716
1,800
J807,ftl3
$784,199
16,062,60
67
15,^88.578
167
1,197
1,14.-,
NINTH AVENUE
and UeUi.
1878.
Capital stock paid in
1877.
$797.8iO
$7»7.:)2(J
Foodi-d debt
207,000
FloaUi.g debt
..
28.703
Cost of road and iqnipment, tamu as be last report, $999,422.
207.i;oi
28.160
Etcpenses.
Interest
Total
Stocks
C. pitsl
and
Ac
$:(0,tM
1,160
1,093
1,681
664
l.!lt
M»
$233,193
$:.6i1m
8,971,198
8,316
t,86S.41$
6,660
'5
IS
61
18$
Debts.
U78.
$90 ,000
stock paid In
t8»,0'N)
1877.
$30(i,(«0
803,(11
2,168
luiailrg debt as now reported is in litigation
ment, $713,799, same aa by last report.
1»,':62
Cost of lead and equip-
Expenses.
Repairs of road,
Taxes on
&c
$9,657
real estate
1.880
1S8,77«
R'deniptiou of bonds
Old claims
Account of steam pnjoct.
,
Total
$7,140
1,210
!
87 ,666
21.U.1)
21JI1
14,000
18,906
4,1Ma
16,81*
1.79-3
i,lU
$195,486
$189,gO«
$177,768
4 896
$176,616
Earnini/s,
Paasengtra
Frelghf
'ron,
lumber,
&c
1,937
1,269
«
Reus
1,3;.7
....
Sales real ostate
Account of redemption ol bonds, Tiasteea' fond
Horses
cur led
$VR8
$M46
6.597
SS.SJJ
14.473
4.191:
&6..J99
$79,001
$811,181
11(63
1.008
1,818
7,000
13,980
785
1,8M
$-201,345
$188,790
:),526,0o7
6,497,768
BROOKLYN FLATBUiH A CONEY ISLAND.
Stocks
and
Debts.
1878.
Capital stock paid in
$!14.835
604.000
Fundeddebt
Floatintf del)t
1877.
$;7,3£a
..
.
160,866
CoH of
the road and equipment, $t,261.0t>9; by last report, $5,0 0. Tbcroaa
began carr> ing paaseDgers in January, 1678, and no report of transactions for
hist year, funlicr than above. Is given.
Expenses.
Repairs of road-bed, 4c
$8,8jT
Payments
i,05t
3,319
S7
68096
16.269
69,2 >S
tu curplua fand
$!S9,346
Total
Xamings.
$123,123
116
1«.77>
Fassengei's
Freight
$135,346
Total
The tnrplu> earuinga b.ve been devoted to payments on.cost of toad.
QENERAIi imrESTMENT NEWS.
Arkansas Midland. — The bondholders who bought the Arkausas Central road at fort closure sale in July, 1877, have organla-d
a new company under the above title, The road la of 8 feet
gauge, and is 48 miles long, from Helena, Ark., on the Missiasitpl
Kiver, to Clarendon.
Atlantic
&
Pacific Tciegrapll.— The board of trustees of the
&
Pacific Telegraph Company met and declared a quarterly dividend of } per cent. The following statement ol the
company's condition was made public: Unavailable assets (stocks
of other companies, patents, &c.), $6-j4,160 ; cash assets, $1301,300;
amount
total liabilities, 135,28!); net cash assets, $165,920;
required to pay dividend, $105,000; surplus, Dec. 1, 1878, $00,920.
Atlantic
Eamlngi.
Passergira
Manuic...
Car pacels
rea' estate
$2l>.aRS
$239.3:6
5
95
14
311
Renia
and DMt.
Caplial stock paid
operating the road
$i7l6li406
$116,097
.
Interest
25
8U
.
Stocks
$ll9ri,«8
CONEY ISLAND A BROOKLYN.
'I,8a0,34>i
Dummy
Repairs of road.
Horses
$841797
$351 3:2
Passengers carried
of cirs
uf horses
'A.tN
(9,4M
kinds)
Repairs ef engines ..
Repairs of cars (passenger)
Repairs of ere (freiijht)
O. crating road
5,474
Taxes on
(all
$U.t,')7i
Earnings,
Passengcra
Number
Number
freight
17,161
.'«i8)8
3-,,MI)
Law expenses
The
Total rcceipta
Passengers .carried
Tons uf
Number passengers
&c
Damages to persons and property icclading mo
Cars.
90blBS
Manure, Ac
Renta
$I,S8«
80j
and waste
in cs, harness,
$136.7^t
8>3,664
80>6M
Freght
Tctal
CoLdiictois, driversand engineera
Watchmen, surters. roaC-men, &c
Repairs of dnmmy cars
Fuel, gas and )i;;hts
Cost of
$168,818
878,486
Lucomi tlvus, hones, Ao
Cars and Buow-pluugbs
Hanare
floating debt Includes $180,<00 in
CO.dfO
41,904
:
and Agutpmenl.
Dibit,
Expenses OlKir than Cotulruclion.
Kepairs, road-bed, &c
General cnperintendeoce
II'
Cost 01 /lead
Ro:id-bed and snp(!ratrocture
UiTil, tulldin»s, 4c
„
(159,(10)
Stocks
1877.
$9eO,(X)0
I0,as«
Floating debt
interest
$'i,5'O.C0O
cars
Passenger cars
0,0(0
60C.(flO
Operating road
C-ifl of road and cquiproLt. $8,1&5,000, belig on accoaut of first section of
Ave miles by i sue of bunds, as fullows;
Firtt mortcaKe at six per cent
... $3.0I0.0(KI
Second moitgajc at scven per cent
i.EOO.OOO
Stock
660,000
No statement of each separate item of comtmct.on Is made as ihu road is
Road-bed
Land, bni dings,
Iii78.
$.^
The
T,SCO,000
Offlcerp, ck'ike. offlco.
Island.
Fundeddebt
KloatinKdobt
Stockpaidln
Ponded debt
Keating debt
The
Coney
Dtlits.
Capital stock
Steam cars
Stock Bobscrli cd
Oil
and
Stccte
to
Kni^iries
Jlailroails.
flsicai
1,668,461
PROSPECT PARK AND CONEY ISLAND,
Cais
in 1-77.
Slocks
B'lill
1,419,614
noris and itcam route from Knlton Ferry
1816-7.
METR'.POLITAN ELEVATED RAILWAY.
No
'$781mT
..
uf paasungera carried
Fundeddebt
Thii^ report is made for ttie three months
0, 1878. ttix only period in the last
41$
tl6
(,618
Tolnl
Number
$90.4(U
(For the year ending Heidember 30.)
The following are from the reports filed at Albany for the
year ending September 30
September
,
,
'67:-8.
laid.
New lork & Brooklyn
ranuii'K.
Manure
Sundries
(»!i.l6<l
During the year the two engines were both overhauled and
About 10$ tons of new steel rails and 10 tons of Iron
Improved.
have b:en
M
lao
Passengers
800,00(i
Ezpeatca
$'iT,«fl
tio
txtmltKt,
$1,58 ,imi
Nctcarnlngs
$70,991
,
Rents
Totals
Bonds
Srots mriiinca
Samtngi,
i'aiaingurs
lluriea
Expensss
tl,OfiO,ICO
ToUl
The earnings for the year were as follows
627
—
Bank Taxation on Bonds. Pursuant to the opinion of tha
Attorney-General, the Treasurer has issued a circular letter to
banks, in whicli he says:
" In pnrsnance of this opinion, a national bank may. In estimating United
States bonds as a deduction from capital, (ake such bonds at their cost ia
currency, deductlr g therefrom any interest ihat may have accrned lo date of
pnrchHse, coin Intereat being converted into Its currency value.
'•Payment of s ml-antiual duly may hereafter be made by check on Now
York in favor of the Treafnrerof the United State", and sent tnihls offlce, or
In favor of the Assiitaiit-Treasurer of the United Stales, New York, and >eul
luliim."
Boston City Loan«— The committee on finance of the eitr
government me' reeently and voted that sabscriplions be receivea
a: the IreMurer's offlce,
on Wednesday ihe 18th instant, a loan for
THE CHR0NI(;LE.
628
[Vol. XXVII.
Mr. Divis, th'i accountant
for improved seweraere of $1,000,000, dated January 1, 1879, Abram S. Hewitt as president.
payable in twenty years, bearinpf interest at the rate of four per employed for the purpose, has just completed a scheme for the
distribution
of
the
bonds
of
the
new
company to those entitled
cent per annum, payable semi-annually; both principal and
The loan is to be issued in bonds to receive them under the re-organizition plan, and it has been
interest payable in currency.
of the denominations of $50, $103 and $1,000. The denomination approved by the directors. Preparations are being made to transof one thousand will be iesued in both coupon and registered fer the terminus from Jersey City to Long Dock, in tho interest
bonds, at the election of the subscriber when making his of the new Erie owners.
Bubscription, and the small denominations in coupon bonds only.
New Orleans City Bond:*.— At a recent m- eting of the City
Subscription is to bo limited to $10,000 for any one individual Council of New Orleans, the Mayor's address was presented, in
of
ibe
balance
after
that
date
and
until February 1,1879, and on
which he advocated a new "adjustment" of the city debt. The
tlie loan not subscribed lor may be placed in any amounts desired
following is extracted from the address:
by subscribers.
" The present assessment of the city, as also for the next
Chicago & Northwestern. The Northwestern Union is one two years, under existing law?, is $11,000,000 (in round numThe tax is limited to 1^ per cent, out of which
of the proprietary roads, and was to be built about 140 miles in bers).
all, and bonds were to bo issued at the rate of $25,000 per mile
enough is to be appropriated to meet the allotments, principal,
The whole amiunt— $3,510,000— was issued, but only interest and premiums of that year until the year 1881, when at
in all.
the 6"^i miles from Milwaukee to Green Bay were built, and it is least one-lialf of 1 per cent shall be appropriated yearly to meet
claimed that the bondholders have a right to demand the com- future allotments. It will be observed that one-halt of 1 per
It ia stated that Messrs. Ten
pletion of the balano'^ of the roid.
cent cannot be exceeded for that purpose. Under the operation
per cent was
Have & Van Essen, the bankers, of Amsterdam, Holland, have ol t!iis act, in 1876, 36 cents out of the tax of
the
bondholders
of
justice
the
to
written, demanding that, in
included in the budget to meet the allotment of the year, amountthe
Lodi
that
road
portion
of
Northwestern Union, the unfinished
ing to $307,500. In 1877, 40 cents, to meet the allotment,
Branch should be completed in accordanca with the mortgage amountiLg to $426,250. In 1878, 46 cents, to meet the allotment.
were
issued.
amounting to $509,500. Will 50 cents, the limit, be sufficient to
upon which the bonds
Coal Combination. The followinpr letter was sent to Messrs. meet the allotment for 1879 ? Let us see. The assesement being
Dickson and Gowen from Mr. Swoyer, of the Lehigh Valley $11,000,000, I of 1 per cent will be $555,000 the allotment will
be $598,750 leaving a deficiency of $43,750.
operators
" In addition to the accumulated interest due on the unfunded
Deokubbb 7, 18T8.
Messrs. Dicksox and Gowkn, Committee,
debt, should the courts decide in favor of the bondholders, there
Bth
yonr
favor
the
receipt
of
of
Gkntlemen :— I have to ucknowlerte the
will still be a yearly interest accruing of about $500,000,which must
inst., and in answer would say that we wero appointed a committee only for
be met, if met at all, by a tax, iu addition to the IJ, of 1 per cent,
the purpose of arrangJnpr for temporary stoppages to sustain the trade pending
defluite negoiiaticns in January and afterward for an arrauirement for 1879.
to which the taxing power of the city is now limited, and such
If you insist that a permanent arrangement must be made before January 1,
limitation is made a contract, 'not only with the holders of said
next, we, as a committee, have no authority and ao bueinets necessary lo
premium bonds, but also with all residents and taxpayers of the
occnpy your time further.
It 1 am wrong in this construction of yonr letter and you do not make it a
said city, so as to authorize any holder of said premium bonds,
—
—
H
—
—
j
'
—
I
;
;
:
condition that an arrangement shiU be concluded before the Ist ol January,
Yours Truly,
please advise me.
J.
H. Swoyer, Chairman Committee.
— There
have been placed on the
Stoak Exchange the Delaware &
Hudson first mortgage (Pennsylvania division) 7 per cent bonds
From the official statement submitted to the Stock
of 1917.
Exchange November 30, we extract the following
The company has decided to issue its bonds falling due September 1, 1917,
of the following denominations; Coupon bonds, $1,OUO each.
Registered bonds |;5,000 each, amounting in the aggregate to the sum of
10.000,006, and request that the same be placed on the list of the H ock
f xchanije. Coupon bonds, No. 1 to 5,000, interest 7 per cent, payable March
1 and September 1.
These bonds are secured by a deed of trust or mortgage to th« Union Trust
Company cf New York, as trustee, dated August 13. 1877, covering the real
Of these
estate, coal lands, railreads, &c., of the company in Pennsylvania.
bonds t5,000,(OD are reserved to cover the seven percent debentures of the
company due in 1891, in accordance with the agreement made at the time
Delaware
regular
list
<&
Hudson Canal.
of the
New York
:
those were originally negotiated.
European & North American.
—The trustees, Hannibal Ham
W.
B. Hayford, who are in possession of the Maine
section of this road, report as follows for the year ending Sep-
lin
and
tember 30
:
Grots earnings
Expeases
1877-78.
)?76-77.
S3-A873
|35r.912
217,504
23",351
$189,52*
Net earnings....
All the expenses of the change of gauge have now been paid.
The trustees have no floating debt, all their purchases being
made for cash, and the pay-rolls settled promptly.
$140,108
James River & Kanawha Canal.— A proposition is pending
to convey the whole property of this company to the Richmond
& Alleghany Railroad Company, the latter to construct a railload between Richmond and Buchanan, Va., up the valley of the
James River. For ihefaithful performance of the contract, the
articles of agreement "are to require the Alleghany Railroad to
deposit 1500,000 in United States registered bonds with the Board
of Public Works of the State of Virginia.
Hon. Thomas Ewing, of Ohio, furnished the following names as
constituting the present directors of the Richmond & Alleghany
Valley Railroad James R. Keene, of New York Thomas Ewing,
of Ohio; Hugh McCuUough, of New York; T. S. Boeock, of
Virginia; John P. Jones, of Nevada; George S. Palmer, of
Virginia; B. W. Boeock, of New York; H. C. Parsons, of
Virginia.
;
:
resident or taxpayer, to legally object to any rate of taxation in
excess of rate herein limited.' Act 31, section 6, 1876, page 54.
"It is also my duty to call your sttenlicn to the fact that bonds
to the amount of $683,400. the holders of which having refused
to fund into premium bonds, are past due, and tiiat the question
Also, that in the next
of their settlement is before the courts.
thirteen years bonds to the amount of four or five millious
will fall due, and no provision is made to meet them outside the
premium bond plan. Should the decision of the courts be
adverse to the city, what can be done to provide for tlieir pay-
********
ment?
"I would, therefore, suggest for discussion and inquiry that the
debt be scaled, say to 50 cents on the dollar, which would reduce
the debt to $10,000,000 interest to be paid at the rate of 5 per
cent per annum, and that each year a certain number of bonds
should be retired on the cumulative sinking fund system that
no bonuses be given, the amount now given as such being added
For example, the debt being
to the amount for redemption.
First year, interest, $500,000;
$10,000,800, there would be paid
redemption, say $350,000; total, $750 000. Second year, interest,
$487,500; redemption, say $263,500; total, $750,000; and so on for
twenty-two years, when the debt will be extinguished." * * * *
;
;
:
New Torll Lake Erie & Western.— Mr. George R. Blanchard,
vice-president of the Erie Railroad, is reported as saying that the
prospects of his road were never more flattering. The laying of
the third rail narrow guage will be completed the entire leugth
on January l,aDd that, with other improvements which are going
The new
on, will make it one of the finest roads in the country.
yards and shops at Jersey City are ready, and arrangements are
complete for the construction there of ^n elevator with a capacity
of 1,000,000 bushels, and on the opposite side of the dock from,
the elevator will be built two immense warehouses, one for
import and the other for export business.
The company has built 3,000 narrow-guage cars and forty
The narrow-guage car.i will run to
consolidation engines.
Buffalo, while the old broad-guage cars will connect with the
The
Atlantic & Great Western Railroad for the South and West.
company has also defeated all opposition to its new line into New
England, which will be completed by June 1 next. The narrowguage line between BufTalo and the anthracite coal region at
Carbondale, a distance of 370 miles, has also been completed.
—
—
Northern Pacillc— St. Paul & Pacific.— The St. Paul
Pioneer-Press says of the agreement between these companiesKeolink & Des Moines. The Stock Exchange Committee on that the St. Paul & Pacific grant the Northern Pacific the joint
Securities have added to the regular list the first mortgage 5 use of their tracks and depots from Sauk Rapids to St. Paul
per cent bonds of the Keokuk & Des Moines Railway Company. under a lease in perpetuity, or for ninety-nine years, which,
The road is leased for forty-five years, from October 1, 1878, to though necessarily ia the form of a lease, is in effect a sale to
the Chicago Rock Island & Pacific Railroad Company, at 25 per the Northern Pacific of one undivided half interest in that line of
cent of gross earnings, with a specific guaranty of five per cent road, the St. Paul & Pacific reserving the local traffic on the line,
The amount of and agreeing also to keep the track in good condition. The
interest indorsed on the bonds by the lessees.
bonds authorized is $3,750,000.
agreement also settles all disputes and matters of rivalry between
Lehigh Valley. At a meeting of the board of directors of the two companies, and the Pioneer-Press remaiks: "The Northern*
the Lehigh Valley Railroad Company a quarterly dividend of 1 Pacific is lelt free, by its disentanglement from local cenflicts in
percent was announced, payable January 15, 1879. It was re- Minnesota, to work out its great mission ia extending its great
ported to the board that the net receipts of the company this continental highway to Puget sound."
fiscal year (which ends on the 30th of November) are $396,000
Ohio & Mississippi. A suit has been brought in the United
less than they were in 1877, when there was paid at four stated
States Court for the Southern District of I linois, against tha^
dividend periods 5^ per cent. This year the company has made Ohio & Mississippi Railroad Company, by certain stockholders, to
four quarterly dividends of I per cent each. The l| per cent dif- set aside the purchase of the Springfield & Illinois Southeastern
ference less this year than last is equal to $406,000.
Argument was heard in Chicago Dec. 10 by Judge
Railroad.
Montclair & Greenwood Lalie. Argument has been heard by Drummond. "The defendant company is represented by Henry
the Chancellor of New Jersey, on a petition filed by some of the Crawford, of Chicago, and the stockholders by Perry Belmont
bondholders, asking that the recent sale of this road be set aside and C. W. Hassler, of New York.
Mr. John King, Jr,, Receiver of the Ohio & Mississippi Railand a re-sale ordered. The road continues in charge of Receiver
Hobart, although the new company has been organized with road has filed with the Clerk of the United States Court the fo
—
—
—
—
—
•
Dbcbhbbr
THE CHROI^ICLE.
14, 1878.J
lowing titatompnt of moneyii received and disburaed daring the
moaili of
November:
MCBIPTa.
Cash oa hnnd Novembor 1
Rocdved from stailoo agenU
Kectilved from conductor*
Keceivud fiom iudivldnnla, R. R. Co. a,
Ileceiviid from exptUFa companlea
$14,110
46;i,1liO
4,7fi6
Ac
49,S75
830
JM1,149
Total
DiaBunamiNTa.
Vonchera prior to Nov.
ArroaraKo prior to Nor.
$l],<aS
18, 1879
IS, 1818
11
KS,J10S
12l,70\
619
Vouchera auberqnent to Nov. 18, 1878
Pay-rolls Bubftquent to Nov. 18, 1879
Arrearage anbrr-quont to Nov. 13, 1878
each OD baud Dec. 1, 1878
!I3,46<)
Total
8571,149
Pacific Mall's New COHtracts.— Tlie Triune reports tliat the
proposed new contract between the Union and Central Pacific
Railroads and the Pacific Mail SS. (Jo is in the hands of Sidney
Dillon, President of the Union Pacific, C. P. Huntington, VicePresident of the Cent. Pac.andD.S. Babcock of Pacific Mail. The
present contract Is understood to covor the freicrht and passenger
Pacific
trallii; of the steamer advertised to sail on Thursday.
Mail, it is stated, claims a monthly allowance of $30,000 for passengers and $2.'), 000 for freiglit, which will leave $15,000 to be
realized from its net earnings to meet the $70,000 a month to be
paid to the Panama Railroad. The Union and Central Pacific
Roada claim that the amount allowed under the present contract
is sufficient, being $35,000 on passengers and $19,000 on freight.
A compromit-e amount, it is believed, will be agreed upon, by
which Pacific Mail will be paid $50,000 a month in consideration
of its maintaining freight and passenger rates, and permitting
the r.iilroads to carry all the light freight. The officers of all the
companies expressed the belief that a new contract, to last until
January 1, 1880, would be agreed upon.
Paciflc Railroad Cases in the U. S. Snpreme Court.—
Uniied Slates Supreme Court, Dae. 13, in the case of the
United State?, plaintiff' in error, against the Central Pacific
Railroad CoinpaLy, the points argued were similar in many
respects to those involved in the case of the Union Pacific Railroad Company against the United States, argued on the 3d inst.
The cases of the United States, plaintiff in error, against the
Kan.sas Pacific Railroad Company, and the United States, appellants, against the Denvjr Pacific Railroad Company, were also
argued.
The general grounds upon which the railroad companies base
their refusal to acknowledge the claim of the United States to 5
per cent of their net earnings are
First
A denial of the correctness of the dates of their completion as stated by the government
Second A denial that the United States is entitled to any
part of the net earnings of such parts of the roads as were cunand.
.'^tructed without the aid of subsidy bonds
Third A denial of the correctness of such a definition of "net
earnings" as does not allow the deduction of interest on the debt
as well as actual innning expenses Irom the sum total of gross
la the
—
—
;
—
teceipts.
—
«29
gage on the undivided one-half intereiit In tlie 88 mtlM of railroad extending from N«wark to Colnmbut, Ohio, can receive in
exchange therefor the 7 p«r cent general mortgage bonds of the
Piitsburg C. & St. \j. Company, aecared by mortgage upon tbo
entire property of the consolidated companyPrices for Qas.— Commissioner Campbell, of the Department
of Public Works, received and opened six bide for supplying
illuminating gaa of not less than aixteen candle power to each
burner lo all the public markets, buildings and offices in the
city.
The ofY.-r« were as follows: New York Gas- Light Company, in its district south of Grand street, gas ol not less than
sixteeu-candle power at $1 90 per 1,000 feet; Manhattan G»«.
Light Company, between Grand and Thirty-fourth streets, gas of
sixteeu-candle power and upwards at $1 90 per 1000 feet;
Mutual Gag-Light Company, for all places on the line of itii
mains, gas of not less than nineteen candle power at $3 per 1,000
feet; Municipal Qas Light Company, for all places rn the line
of its mains, gas of not less than tvienty-citndle power at $1 90
per 1,000 (eet; Metropolitan Gas- Light Company, for all places on
tho line of its mains, gas of not less than sizteen-candle power
at $3 per 1.000 feet where leas than 50,000 feet are burned monthly
and $1 75 per 1,000 feet where over 50,090 feet are burned
monthly; Harlem Gas-Light Company, for all places on the line
ol its mains, gas o( not less than sixteen-candle power at |2 per
1,000 feet. The bids last year of the New York, Manhattan and
Mutual companies were the same as this year. Last year the
Municipal Company asked $3, the Metropolitan $3 25 and the
Harlem $2 75.
St. Paul & Pembina.— On November 15ih, an order waa
made by Judge Dillon, of the United States Circuit Court, for the
issuing of $1,016,300 in bonds, to be given the parties who
furnislied the money to build seventy-five miles of the main line
to Pembina, Dak., and the foity-Blx-miles branch to Alexander,
Minn.
Western Uuion Telegraph.— ,Indge Blatchford signed the
decree on the decision rendered by him in the United States Circuit Court, in the suit of Clinton G. Colgate against the Western
Union Telegraph Company yesterday, in which the defendants
infringed the Simpson patent for the gutta-percha insulation of
telegraph wires.
Judge Blatchford said that it waa customary for courta to
grant a perpetual injunction as a part of an interlocutory decree,
but the doing so was always discretionary with the court. The
burden lay upon the defense, however, to put the court in possession of any facts which would lead it to depart from this
practice.
The interruption of the defendanth' lines would produce great trouble and inconvenience as between the public and
the defendants.
After a long consultation between the court
and counsel, a decree was presented and signed establishing the
plaintiff's right to the patent, and requiring the defendants to
account for all the savings to them and damages to the plaintiff
caused by the infringement.
Argument is to be heard on
December 23 as to the question of granting a perpetual injunction,
The report for the quar.er ending December 31, 1878, contains the following
In the report presented by the executive committee at the last
quarterly meeiing of the board, held September 11, 1878, the net
profits for the quarter ending September 30 [(August being partially and September wholly estimated) were stated at $1,001,364.
The official returns for the quarter (ending September 30) showed
the profits to be $1,137,578, or $136,314 more than the estimate.
The following revised statement, based upon complete returns^
will show the condition of the company at the close of the quarter ended September 30, 1878
,
—
Paris & Danville. December 18th is the date appointed for
arguments by attorneys as to the sale of the Paris & Danville
Railroad to Charles Rids;ely. Objections to the pale have been
filed by Chailes B. Wick, of the firm of Wick, Ridgeway & Co.,
New York. Various grounds for the objections are stated,
mainly that " said property was bid off by Charles Ridgely, who
that such
is now a director of the Wabash Railroad Company
purchase was made by him in secret trust for Solon Humphrey,
Sutp'ns July 1, 1878. as per last quarterly report
(369,063
A. L. Hopkins, M. K. Jesup, and other directors of the Net
profits, quarter ended September 30, 1878
1,137,678
Wabash Line; and that such corporation has already substantially agreed to buy or lease such property at a capitalization of
$l,50«,6«a
$600,000, or twice the said bid.",
From which deducting
$525,938
Philadelphia Finances. The Mayor, in a message to the DivldendoflH per cant, paid October 15, 1878
107,350
Councils, announced that the sinking fund contained about $13,- Interest on bonded d«bt
Interest on amount due for purchase of Atlantic Si Pacific
000,000 of city loans, on which the annual interest paid is nearly
Ti?legraph swclc
1,817
!!O,O0O
There are but $300,000 of city loans maturing in the Sinking-funds appropriations
$800,000.
Construction
accounts
S9,112
next two years, and the Mayor recommends, to relieye the taxPurchase of euLdry telegraph BtocKB, patents, &c
8.534
payers from the burden of tax necessary to pay this interest, that
ithe debt held by the sinking fund be cancelled; and he asks
t687,78C
Councils to pass an ordinance for that purpose, which be appends Les; portion of the sinicini; fund for the currency ijonda of
;
—
to the message.
If this is done, the exact amount ot loans
cancelled will be $13,104,705. The funded debt of the city is
$61,099,311, and if tiiis cancellation is made it will be reduced to
$47,931,470. The sinking fund also contains Pennsylvania Railroad stock valued, on November 1, at $1,937,139, North PennsyliVania Rnilroad stock valued at ^838,700 as the sum of the
:.payments yet to be made by its purchasers, and $371,043 in cash,
The Philadelphia Ledger attja: "The message of the Mayor
jeceives approbation so far as it expresses a wish to relieve
'taxpayers of all burdens not absolutely necessary, but it does not
jfor the mode sugi^ested to bring about this result.
First, his plan
[impairs the obligation of contracts. The Consolidation Act, on
'which, as fundamental, the matter rests, says:
*'
'No debt shall be Incurred or loans made bj[ the said city without a contem.poraneoas appropriation of a sufficient ansoal income or tax, exclusive of toanSf
rtopay the ioteresc and sink the principal of such debt ia thirty years.*
" The act requires that a sinking fund shall be established for
the redemption and payment of each loan, and the city is bound
to all its loanholders to lay, with the creation of each loan that it
makes, an appropriation of annual tax suiBcient to redeem the
loan at its maturity, which is thirty years."
'
—
I
Pittsbnrg Cincinnati & Stt Louis. Notice is given that
the liolders of the 7 per cent unregistered coupon bonds of
the Sleubdnville & Indiana Railroad, secured by the first mort-
1,900 (which was set aside previously) returned to the company by the Union Trust Company, trustees, because of
the drawn bonds not having been presented for redemp-
40,000
tion
647,780
There remained a TO'plns, October
1,
1878, of
$S58,S81
,
Tbe net prnflts for the quarter ending December 31. Instant, bat>ed
upon ofllcial returns for October, nearly complete returns for
November, and estimating the business for December, rcsorving
amount suiDcient to meet tho claims of the Atlantic & Pacific
Telcifraph Company under existing agreements, will be about. ...$1,014,795
858,881
Add surplus October l.asabove
$1,8T8,«T7
From which
of debt Incurred August, 1877,
P. Telegraph Company stock
Pavment
&
appropriating
by purchase of A.
Interest on bonded debt
Construction, purchase of stack of leased lines, etc
Sinaing fund appropriations
$906.2V)
107,;i50
60,000
20,000
»l,093,eOO
Leaving a balance of
A dividend of IS per cent on the capital stock oatatandlnit reqnlrea.
$780,017
5iS,MS
SH>4,Mt
Deducting which, leavea
In view of the preceding statements, the committee recommend
a quarterly dividend of IJ per cent. Nothing whatever waa
said respecting a digtribation of the surpliu stock.
THE CHEONICLE.
630
[Vol. xrvir.
O O T T O N.
"^
(30 iM MERCl AL
EPll O ME.
Friday NiCxnT, December
The
week has been an unfavorable one
past
violent storm extended over tbe Eastern,
Frid.vt, p. M., December 13, 1873.
Crop, as indicated by our telegrams
from the South to-night, is given below. For the week endinc
this evening (.Doc. 13), the total receipts have reached 220,291
bales, against 220,748 bales last week, 184,025 bales the previous
week, and 181,376 bales three weeks since; making the total
receipts since the 1st of September, 1878, 8,171,273 bales, against
1,876,687 bales for thos.anie period of 1877, .showing an increase
since September 1, ISIS, of 294,586 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previou.s years are as follows:
Thk Movement of the
13.
for trade.
A
Northern and Western
States, causing such flooda as to damage railroad transportation,
and interrupt the movement of merchandise in all directions.
Leadtrade is much embarrassed in consequence.
ing staples of agriculture generally declined, but were all firmer
The holiday
1876.
1878.
1877.
1875.
1874,
some revival of speculative confidence in Receipts tUis w'k at
New
Orleans
02,835
59,747
and
73,162
61,715
this
50,986
tbem, but exports are reatricteS by dull foreign advices,
20,923
20,091
18,314
23,120
23,179
There is a much Mobile
na'.ur^.ly cuujes a decline in ocean freights.
Charleston
24,144
23,126
22,458
19,960
22,366
better feeling at the close, and some revival of regular business.
PortKoyal, &e
594
1,669
1,808
1,091
1,020
There was further depreasion in pork, lard, bactm, &c. MefS
24.358
28,884
23,153
26,197
30,615
and
Galveston
22,531
old,
for
January
delivery,
23,816
10
for
26,316
28,862
declined
to
20,693
pork
$7@$7
637
ludianola, &c
438
993
261
1.325
f3 503|8 55 for new mess, for February delivery, but there
Tennessee, &o
10,328
10,075
11,803
12,430
7,146
was some recovery to-day; 1,000 bbla. new mess sold at fS 80 for Florida.
..
3,472
899
989
1,095
701
March, and held at $8 75 for February. Lard declined to |5 90 Snrtli Carolina
10.451
6,072
5,529
3,864
6,063
January,
and
spot,
December
and
prime
Western,
for
$6
Norfolk
16,457
17,971
22,928
16,801
@$5 92J
17,745
2,593
5,793
1,358
831
595
for February, but these low prices brought out a morn active West Point, &o
demand, and to day there was a recovery of ab^ut 5c. per 100 lbs.
202,805 196,436 193,642 188,434
220,291
Total this week ...
The Western markets show gome impruvement. Bac^n and cut
Total since Sept. 1. 2,171,273 1,876,687 2,227,834 1,957,528 1,821,858
meats have bee D on'y moderately active at tbe reduction. The
The exports for the week ending this evening reach a total of
slaughter of swine at the West is GO per cent greater than last
111,757 bales, of which 59,437 were to Great Britain, 22,415 to
year, and the exports have increased nearly as much. Beef and
France, and 89,915 to rest of the Continent, while the stocks as
beef hams were firm and more active. Butter and cheese close made up this evening are now 699,051 bales. Below are the
with a better demand at full prices. Stearine and tallow aUo stocks and exports for the week, and also for the corresponding
The following is a comparative summary of week of last season.
quite salable.
Week
EXPORTED TO—
STOCK.
aggrega'e exports from principal ports, Nov. Ist to Djc. 7th:
Total
Same
this
Week
ending
ContiGreat
to-day, and there
is
.
.
.
ISIS.
Pork. Ibe
-.
-
Bacon and ham?, lbs
Lard, lbs
Increase.
1877.
6,8(2,800
MH.fiOO
Dec. 13, Britain.
3.'J0I,801I
M,4n
4?,9n,ai8
81,399,141
38,5I6,43J
783
9,411,403
29,135,029
ns
83,919,187
46,010,986
Kentucky tobacco has been quiet, and the galea for the week
are only 600 hbds., of whioli 430 were for export and 150 for hoae
consumption. Prices, owing to the dulness, are slightly lower.
Lugs are quoted at 'Ji@5c., and leaf 5J@18c. Sded leaf also quiet,
and the sales of tbe week are limited to 751 case', as follows
440 cases 1877 crop. Pennsylvania, 10@18c.; 3)9 cases 1877 cmp,
New England 7@20c.; and 23 cases 1877 crop, Ohio, private
terms. Spanish tobacco less active, though a fair business is
reported, including .')50 bales of Havana at 85c.@$l 10.
The business in Brazil coffees has latterly shown an improvement, and pri'-es have become more steady fair cargoes being
quoted at 14@14Jc., gold. Stock here in first hands, 73,331 bags.
Mild grades have also received more attention, the late galeg including 36,4(!6 mats Java (sold previous to arrival), 4,000 bags
Total, lbs
138.960,
Charl't'u
9,262
8,055
16,183
4,665
2,301
7,209
N. York.
NorfolkOther* .
Tot.
59,427
New Orleans
refining quoted at CJCgOJc.
Mobile
Savannah
328,'i39
2,010
5.i,'116
520
Galveston
10,355
9,413
1,4';3
Sales since
Slock Dec.
Stock Dec.
13,«5
41.aw
1878
12, 137:
11,
41,746
613
23,598
11,205
13,557
.358,357
2,510
172,460
13
XT-
New York
Total
29,915
111,757
133,938 699,051 743,641
22,415
We
Liver-
.
.
Other
25,000
6,050
11,000
23,359
1,701
35,000
8,000
2,500
7.838
67,113
Leaving
Coastwise.
France. Foreisn
Total.
100
672
23,000
0,400
18,000
8,534
100
None.
2,000
3,413
None,
54,010
56,034
5 513
Stock,
83,100 .162,400
20,450
34,507
33,500
39,768
62,546
43,144
*6,519
66,760
186,713
365,981
amount there ai-o 4,013 bales at Fres.sC3 for foreign
which we cauiiot learn.
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is a decrease
in the exports this week of 33.181 bales, while the stocks to-night
are 44,590 bales less than they were at this time a year ago. The
following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to Dec. 6, tlie latest mail dates:
;
;
In thi,s
EXPORTED SINCE
RECEIPTS since
SEPT.
Ports.
and Southern deliveries. Pig tin is essentially lower, in
sympathy with the foreign markets straits quoted at 15i@15Jc,,
and English at 14}'ai5ic,, gold. Ingot copper has advanced a
trifle, with 150,000 lbs. Lake sold at 16c.
Clover seed has been
more active at 7(57^0., acd timothy sold at $1 85 Whiskey
clnsed at $1 OOf
Ocean freights have latterly shown much weakness, more particularly in the matter of berth room accommodations; charters
are not materially changed.
The movement for the wook has
been very satisfactory. Late engagements and charters include
Grain to Liverpool, by steam, 6J., per standard bushel; cotton,}',
ern,
1878.
;
1.
Great
1877.
TO—
„
^
Total.
Stock,
,
.1
85,.590;
32,899 81,616
5,043
4,562
25,661 56,679
10,518 99,000
19,389 21,979
6,308 10,151
2,050
11,772
8,248
200,105 187,298
19,739 40,276
161,800 83,131
220,606; 66,993
101,104 114,784
137,487 68,185
6,300
43,308 15,352
74,006 24,477
71,303 22,000
1673,882 487,101119.466 131,320 737.887 724.76,1
Lfnaer the held of Oftarleiiton
on ts Included Port ttoyal. 4c,; under the. head of
', &c,; under the head of Norfolk Is Inclulei Clry
Is inclulel ludianola.
Point. &c.
These mall returns do not correspond precisely with the total
Last.vr
•
QaioMion
'
,
642,483 101,868294,007' 1038.358 622,516
I
;
SEPT. 1
Other
This jr. 1950,982
I
;
i
10,134
79,460
111,088
62,736
121,028
6,300
28,486
74,606
63,035
I
lb.;
„
France. poreig„
335,137 446,850
130,516 153,428
Char'n*, 311.819 237,553
Sav'U
412,934 297,124
Galv."
301,619 206,801
N.York 47,8
22,101
Florida
21,440
2,628
N. Car.
81.022
72,955
Norf 'k* 257,460 211,460
Other..
51,140
22,982
I
sail, 61.; do., to
I
Britain.
N.Orbis
Mobile.
:
bacon, SOs. per ton; cheese, 378, 6d.@40s. per lou; giain,
London, by steam, 7}!.; bacon, 85< grain, b,'
Bail, 5a, 3d. perqr,; flour, 2.-i, perbbl.; grain, to Hull, by steam, 'SJ.;
do,, to Cork, for orders, 53. 9d. perqr.; do., to Havre or Antwerp,
Bs. SJd.; do. to Cette or Marseilles, 5s. 6d,; refined petroleum to
Bremen or Antwerp, 3<. 61. do,, i.i cases to Conatan inople, 29c,,
gold; do,, to Belfast or Dublin, 4->. 3d. per bbl.
2,301
10,365
ports, the destination of
presents a very demoralizsd position the export demands are
quite limited, and the stocks on haad burdensome; tbea again
the Creek advices are more or less var able and easy refin«d, in
bbls., quoted hero at SJc, though re-sales can be Ijad at
8f ?.
Steel rails are now quoted somewhat lower at $42 o0(a'$43 at
tide- water; sales latterly of 20,000 ton?, for local, Eastern, West-
per
.
Included
Naval stores have continued of a very moderate character
rosins are inclined to remain steady, common to good strained
being quoted at $135@fl40; spirits turpentine, on tbe contrary, has been declining and clo=es weak at 29c.
Petroleum
by
3,156
pool.
McUdo.
4.5,572
485
On Shipboard, not cleared— tor
DEC, 13,
;
Stock Dec. 1. 1S7S
Receipts since
626
58,068 245,496 251,881
8,212 54,957 50,257
17,230 81,306 75,427
10,532 73,268 104,403
8,550 103,090 91,067
9,243 73,279 91,447
12,950 29,555 23,159
9,123 35,000 56,000
In addition t ) above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
add also similar figures for New York,
for our special use by Messrs. Carey, Yale Si
Lambert. 00 Beaver street
;
Bags.
4,635
8,122
27,353
2,355
20,238
16,023
27.316
5,776
;
;
Boxep.
1877.
Sept. 1. 701,910 124,283 323,922 11.50,115 871.825
• The ernorta llilB week under the nead "t
'ocner p ^ris" in'-.lmle. rrotn Brtttl
more, 1,912 bales to Llverpoo', and 500 bates to Continent; ft-om Boston. 2jS43
bales t,» Liverpool; from Ftiiladelphla, 2 454 bales to Llvcipaol
from WilmtngtoD, 2,656 balejto C-ntlni!n:.
50 test refining Deing quoted at 30@33c. New
Orleans grades have been more active at 28@40c., the latter for
Hetined sugars at the
choice, and is now considerefl extreme.
close were quiet and weak standard crushed quoted at 9Jc. The
business in raw grades has been of more liberal proportions,
though valui 8 have been irregular, quiet, and weak fair to good
Hhrts.
1878.
Tot.slnce
333 bags Mexican, at current rates; 3,300 bags S-.
unchanged
1877.
tills
week..
Domingo are in transit to Europe. Rice sells in a good j )bbing the ports named.
way at late figures. Foreign molasses coniijues dull and uomin wluch are prepared
ally
Week.
nent.
6,571
2,355
10.976
3,333
3,039
9,032
.-..
Galv't'n-
;
1
11,730
Savan'li.
:
Maracaibo,
N. Orl'us
Mobile..
France.
r
OSCilMBKH U,
THE CHRONK^LK.
lUlS.J
the telegraphic figures, because In preparing them It is alwa;rB
to incorporate every correction made at the itortH.
1 |p rr luiM l)oim II MharpdoolinH in cotton on tliii spot during the
Quotations, which ulo.ted on Kridiiy livst on the uosls
past woiilt.
of Oio. for niiildlin^ uplands, wore rmluoed l-16c. on Saturday
r
aiv-.Mry
and ai^iin on Monday, and again on Wednesday.
Vuslurduy,
there was a I'urtliisr docliae of ic carrying middling uplands
to
laiOc.
On
8
Wednesday, nearly 2,01)) Imles wore taken
down
Today, uplands were steady, but Uulf ^c. lowor.
for export.
dolivery,
future
there
was on Saturday last a steadier tone
For
and a slight recovery of values, caused by a demand to cover
contracts, but a decRne began on Monday, under the reported
receipt of 50,000 bales nt the ports (25,000 at Now Orleans), and
the ili'prossion CiiutinueJ without relief throughout Tuesday and
Wednesday. Yesterday, there was a semi-panic, prices dropping
13<(ilS points under free otferings, but the Bureau report, estimating' the crop at something under 5,300,000 bales, caused a
steadiiT closing, and some recovery from the lowest liguros.
To-diiy, the market was excited, and, on a demand to cover contracts, the decline of the previous two days was recovered, except
for l>'c<Muber,
but the close was tamer, and the highest
figures of the day not fully supiwrted.
The U)tal sales for forward delivery for the week are 515,."i00
bales, including
free on board,
i^or immediate deliverv the
total sales foot up this week 4,it2i bales, including 2,301 for export,
1,732 for consumption, 330 for speculation and
in transit.
Of
the above, 542 bales were to arrive.
The following tables show
the oiflcial quotations and sales for each day of the past week:
—
NEW
UPLANDS.
Itlon Tnea
Deo. 7 to
Dec. 13.
Sat.
Sat.
ORLEANS.
TEXAS.
nion'Taea Sat. non, Taea
„
,
For April,
7ie
7=8
BtrlctOril..
Cieod Ord
8%
.
O'd
Oi-rt
Str.L'wMid
8>s
8l'i«
8's
aiddliiiK...
Oha
8tr.
Low
.Mi'UlV
87,8
8»8
8l3l8
7l3i,
8%
813l6
816,,
«l8
9ha
Fair
103,8
11
10:',9
lOlS,, 10'°16
lived
I
3r(lln'y.^B>
-Tb.
!
Frt.
8
800
3,H0()
2,000
ajiOO
TOO
100.
1.300
1,300
200.
Wed Tb.
Frl. \red Xb.
Frl.
law Midd'K §^18
itr.L'wMid
815,8
9I4
Itr. (i'd Mid
9»18
.illdd'g Fair lO'e
''air
1078
858
813,8
9I9
97,8
1
18'- 10
:
'•'18
.9
7=8
8l8
8I3
7%
713
8
838
8»i8
Wed Tb.
niou Tnea
Sat.
7 '4
9>.
7^4
7%
7!ti
8=8
814
8=8
8 '4
HAKKBT AND
I
port.;
8
Frl.
I
Iii«
73l8
§il8
87,8
8'l8
8918
Zil8
BALKS.
SALES OP SPOT AND TKANSIT.
Ex-
713
838
89,6
878* 8^
878
8^
9
9I18
93,8
8:5,(
93,8
91 10
815,8
9I3
»38
914
91s
9% 914
913,0 911,8 9016
913,8 9I1,( 9»18
1038
10>4
10% 1038 IO14 lO'a
11
1078
Ilia
11
1078
§Vl6
9
85,8
81
SPOT MARKET
CLOBBD.
7«8
7ie
8I3
8=8
813,8
im
10% lOSi
STAINED.
lood Ordinary
itrlct GiHid Ordinary.
x)w .Middling.
Jiddliug
im
8I4
8=8
813,„
^>
8=8
tflddliUR...
iood .Mid..
938
915,8
lOlu
FUTDRES.
I
Con- Spec- Tran
sump, ul't'u Bit. Total.
Sales.
WO
9-12
0-13
V'I4
9- 15
IJWO
9-21
1.10')
9-22
910
917
018
3,400
800
1,000
9-38
9-83
900
9;«
1.100
1.000
1,000
1,000
0-38
9-37
0-38
9'4a
9-43
0-44
9-40
9-47
9-48
200
1,4<XI
TWO,
800.,
.
l(-53
100.
9-54
115
435
894
174
297
317
Deliveries.
.
100
'ri. -itjiuct
otal'
301
1
275
735
391
674
57,200
400
98,000
700
65,600
400
82,000
1,69K 122,300 2,iod
547 120,100 1,000
300
30
330
l,73i
4,323 U5,500
4,900
For forward delivery, the salos have reached during the week
'45,50J bales (all middling or on the basis of middling), and the
allowing is a statement of the ailes and prices:
For December.
ale«.
800...
4UU.
..
100.....
400....
1,-WO.
.,
aoo
eoo
80j
800
80?
809
«'70
8T1
8W
1,800. ...
871
too....
8-74
aoo
8 75
400.
«-7.i
toos.u.ietii S'^o
40O,
300..
<
'.
800
.
1.300..
1100 .
«00..
100.
:
'.
'
100..
aoo...
800..,
aoo...
BOO-.,
100.
2011
.
1,
.300.
000.
,
.
8»5
8-98
S»7
89S
»«8
8'9U
9-Oa
9-03
100.,,
4,900
..
3,400...
1,000... . ...
3,v00...
500..
U(M
905
aoOs.a.lOiii »(10
8-fO
S-81
s-sa
883
8-»t
8-8j
8-87
8-88
8-80
200...
500...
800...
200.
000...
.
4.900
300..
wo..,
8-71)
H-83
8-S4
8-8i
8-8S
8-87
8-S9
8-8a
8-91
900
,
8W
sm
897
.
4 000...
300..
4,200....
10.100...
3.900. .
a,iou.
5,900...
11.000.
.
908
009
9-:o
0-11
9-13
9-13
8,(i00.
4,9' H)
907
UU
1500.
0-15
.4^10
9-08
WO
8-74
8-75
2,100
019
I.'Ort.
9-17
£00
1
...
B-05
fr06
9-07
..
.
a.'.oo,..
.
.
...
908
.... 9-09
1,100
.... 010
9-11
900. ...
6,100. .
.... 0-12
913
3,100...
2 700
6.000
10.
300
100
1,100
200.
2,.')00
100
....
TOO...
...
....
9-32
0-54
9-55
OSti
9-58
9-69
9-60
9-61
9-6S
8.000
2,700
l,80«
2,200
aoo
200
100
ratrj.
9S0 137400
0.^
.
V'oT
1^00
frflS
rM
M0
aoo
....
100
000
aoo
|rt
9 01
800.....
800.
.:;;if3
5,490
0-51
For ADgut.
100...
ONW
aoo...
100...
«00...
IS
2IIO ..
100...,
•74
800...
»-7»
1,600
13630
The following exchanges have been made during the week:
23,600
•12pci. toexcli.
20o;an.for
The following
1
eb.
|
-23 pi. to cxcb.
900 Jan. for Mar.
show the
closing prices bid and asked for
future delivery and the tone of the market, at 3 o'clock P. M.,
on each day in the past week.
will
MIDDLING CPI.ANDS— A.MERICAM CI-ASSIKICATIOH.
{Sat'day.
Market—
nond'y
Steadier.
Bid.
Deoemb'r 9-03 S04
9-12313
February 9-24®25
March. .. 9-36®37
9-48®
April
9-59®60
May
9-703 Juno
9-78®80
July
August... 9-83®85
Closed-
9-05
Firm.
Gold
Excb'nge
10018
4-80
A'k
Bid.
Atk.
January.
Tr. orders
Easier.
T'odajr.
WTed.
Tbnra. Friday.
Lower.
Lower.
Panl<:l«y.
Buoyant.
Kd. Aik.
9 -75 376
Al'l.
S-8(i®87
8-93®
9-llal2
9-23® —
9-04 ®05
!)-l«al7
31
»-04a05
9-73?j'74
9-78a>80
9-05
Weak.
10018
4-81
8-95®9(!
9-06 a07
9-28® — 918319
9-40®41 9-30®31
9-58359 950®51 9-.39a40
9fi5®67 9-59 »H1 9-48®49
9-72®7D 9-6«»68 9-52®55
8-90
9-80
9 00
Weak.
Weak. Unsettled
lOOia
4-81
100 19
4-81
100 >8
4-81
Atk.
—
—
—
9-18® —
9-29a —
9-413 —
8-83a
8-96»
9-0<ia
9-51®
9-wa>
9-65®
—
—
—
8-85
DuU.
100 J«
4-81
as made up by cable and
The Continental stocks are the figures
for the Continent are this
week's returns,
and the afloat
and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Dec. 13), we add the item of
exports from the United States, including in it the exports of
Friday only
1878
1877.
1876.
197.^.
Stock at Liverpool
324.000 306,000 488.000 482,000
Stock at Loudon
42,,500
17,500
44,500
53,500
Total Groat Britain stock
Stock at IlavTO
Stock at Marseilles
Stock at Barcelona
Stock at Hiimhurg
Stock at Bremen
Stock at Amsterdam
Stock at Rottei-dam
Stock at Autweri)
Stock at other couti'ntal iioria.
300,500
86,750
1,.500
7,500
2,3U0
10,250
20.000
0,750
1.750
5,500
323.500
108.250
3.750
35.000
7,500
3H,50O
22,500
532,500
139,500
3,000
535,500
163,750
39.0(K)
3,750
5,750
8,750
40,750
45.750
12,250
9,250
14,000
48,000
14.500
29.750
50,250
10,000
5.500
7,000
8,-500
2 250
Total continental ports
148,500
2:13,500
312.250
331,000
Total European stocks.. ..
India cotton uttoat for Europe.
Amcr'n cotton alloat for Eur'pe
513,000
79,000
20,000
6)9,051
l(il,4.->7
107,y.>3
19.000
18,000
844,750
108,000
565,000
60,000
959,310
135,417
29,000
866.500
116,000
638.000
Egyi>t,Biazil,&c.,atlt for E'r'pe
557,000
40,000
490,000
49,000
743,611
Stock in United States ports ..
Stock in U. 8. Interior i)orts..
United States exports to-day..
6:i2-000
8 1.000
708.07-t
117.643
1 8,000
Total visible 8Upply.bales.2,125,508 2,005,294 2.706,477 2.545,217
Of the above, the totals of American and other descriptions are aa
follows
A mertcan —
alloat to
192,000
106,000
Europe
Total American
Egypt, BrazU, &c., afloat
Total East India,
Total American
&0
03-2,000
099,051
161.457
19,000
143,000
169,000
490,000
743,641
107.053
18,000
220,000
191,000
565,000
959,310
135,417
29,000
165,000
126,000
638.000
708,074
1 17,643
18,000
bale8.1,S09,508 1,671,294 2,099,727 1,772,717
India alloat for Europe
H-40
0-41
ii-17®48
8-84®85
of last Saturday, but the totals for Great Britain
930
300
9-34ffl35
—
The Visible Supfly of Cotton,
telegraph, is as follows.
9-^8
9-29
1,100
/1.J-,
8-i)5®9()
EoDt Indian, Brasil, Ac.—
Liverpool slock
Ixjiidou stock
Continental stocks
9-27
IHd.
9-OOaiOl
—
9-1 9® —
9-30®31
—
9-42
9-,55W —
United States stock
United States interior stocks..
United States exports to-day..
9a»
A.^k.
9-08®
9-19
9-20
9-21
9-22
9-23
9-24
9-25
0-29
9-.J7
Illd
9-02 ®03
American
1,400
HOI)
....
9-.".0
9-17
3.000
....
9-22
9-23
o;;4
100
400
l/WO.
BOO
too....
800
400
O18
UW
921
00
...
...
2,000
1,300
Liverpool stock
Continental slocks
9-31
9-32
9-33
9-34
9-35
9-36
9-37
9;)8
.. ....
3,000
3,400
915
918
B.IUO
6,300
300
1,800..
908
9-09
4,400.
1,800
5,700
3,800
1,800
5,200
4,800
7,400
SMX)
9-07
3,70'J
... .... 9-15
\filM .... .... 9-10
1,-00 ....
9 18
2,900 .... .. . 9*19
:::: .. „ K20
tm
9-05
906
900
700
9" 14
8,800.
904
300
800
800
7,500
6,700
13,600
0.S00
1,200
F-^r
9-02
9'03
9-03
..
8-9S
1,51)0.
5,200
1,300
3,000
2Sl)0
.
153)0
.
900
901
8,31)0
H,4(K)
.
(:t,«.
800
6,000
0,400
901
ooa
..
i.ioo;.... .... 9-2H
14k)lXI0
noleii.
8,400
..
... ...
...
7,:00
httB
S-OO
0-01
9-02
9-03
9*04
9-05
0-OB
9-07
8-94
8-95
..
7.800.
892
893
For Marcb.
K-08
8-99
0-00
...
aoo
100
«,i00. .
900.
aoo,..
6.300.
9-Ofl
100.
1,000
310.
100
.
.
5,300...
2,000...
1,100
IW)
2,-00....
2,9110 ..
1,100. .
...
1,(100 .. ...
I.IOO.. ..
8-94
8-95
8-99
..
8-88
S-8U
SflO
8-91
..
4,600....
803
..
800
For JaQo&iT.
5,000
8-93
l.^flO
liSuO
300.
1,600. ..
8,aoo....
4,100...
B.900..
4,500...
..
«"U
lialei.
8-77
1,000.
3,700...
8-9!i
Ct<
S.tfOO,.
B-8:i
>IXIO..
CM.
Pa'ea
8.100..
800....
0-43
9-44
9-45
9-46
9-47
9-48
0'40
.
lower
160
ton .Quiet, lower
Mes. Dull
Ved Quict,8tcady,low
500
'liurs Quiet, lower
1,101
lat. .iDulI,
OCT
942
1,900
aoo.
1,800
1,800
9-50
9-51
.
100..
700
4-31
..
9-40
U-41
8,000
1,100
8,600
949
100.
700..
300
800
031
031
1,000
For Jqir.
9-24
O-iM
e-VA
0-881
0-20
9-KO
400.
9-88
9-aO
8,000
8,800
9 23
700
000
800
087
100
1,000
700
400
700
$r«
800..
8:1,000
Ix-'l8
85,0
8ll,8
878
ill''"
914
09l8
97a
o-ii
B-IO
0-2*
9-26
800
B*lo<.
(la.
9^19
9-20
400
e-io
738
811,8
878
91,9
914
9»18
978
107,8
113|8
7%
8I4
738
47'"
7^8
838
ll}"
811,0
8^8
8'5j6
Ol8
91 16
914
9>4
9^16
9iSs
99,8
9^8
978
915,8 ?.>
107,8 1013
107,8
113,8 11 '4
113,,,
738
778
77fl
Ord 838
73a
713,8
811,8
ei5,8
2i?18
738
Strict
Jtr. ti\l
7'8
838
8'l8
9»8
Ord.
iood Old.
738
•J
Lioo<l>Ii«l ..
3U-. (1(1 .Mlci
VfidilV
Fair
''19
For M*r.
U*l«i.
TOO
»Mit
I
Onliii'y.yft.
631
132,000
42,500
42,500
79,000
20,000
103.000
17,500
64,500
40,000
49,000
268,000
44.500
121,250
108,000
65,000
317.000
53.500
205,000
116,000
81,000
316,000
.334,000
606.7.50
772,500
1,809,508 1,671,294 2,099,727 1,772,717
2,l'i5.508 2,005,294 2,706,477 2.515,217
Total visible supply
7d.
B»i8<t473d.
I)»i8'l.
Price Mid. Upl., Liverpool....
These figures indicate an increase in the cotton in sight to-night
of 120.214 bales as compared with the same date of 1877, •
dicrease of 530,909 bales as compared with the corresponding dat«
of 187(5, and a decrease of 419,700 bales as compared with 1874
THE CHRONICLE.
632
—
At the Interior Ports the movement that is tlie
and shipments for the week, and stocks to-night, and
[Vol XXVII.
mometer has ranged from 48
to 72, averaging Gl.
The rainfii
has reached eighty hundredths of an inch.
New Orleans, Louisiana. We have had rain on three days
corresponding week of 1877 is set out in detail in the following
the past week, the rainfall reaching one inch and fifty-five hun
statement:
dredths. The thermometer has averaged 54.
Week en ding Dec. 13, '7^- Week ending Dec. 14, '77.
Shreveport, Louisiana.
The weather during the week lui
been favorable and cotton is coming in freely. Average thev
Receipts Shlpm'ts Stock.
Receipts Sliipm'ts Stock.
mometer 53, highest 71, and lowest 36. The rainfall has reached
15,480 one inch and eighty-eight hundredths.
6,605
7,946
Augusta, Ga
7,249 20,431
7,828
11,615
3,127
12,163
4,145
2,560
Columbus, Ga
3,879
'Ihe thermometer has averaged 54
Vicksburg, Mississijjpi.
2,562
9,478
2,825
2,052
5,549
Macon, Ga
2,597
with an extreme range of 36 and C9. It
5.103 13,326 during the past week,
7,115
4,855 12,426
Montgomery, Ala
6,044
5.692
5,093
8,037 has rained on three days, the rainfall reaching three inches and
5.784 15,255
Selma, AJa
5,600
22.861
19,863 45,877 forty hundredths.
MempLla, Tenn.. 28,245 17,004 86,747
Planters are marketing their crops rapidly.
4,100
3,840
2,166
3,780
MashvilIe,Teun..
2,808
8,886
Columbus, Mississippi. Telegram not received.
There have been but two clear dav
Arkansas.
Little Bock,
54,364 46,453 107,653
41,670 161,457
Total, old ports. 55,001
the past week, rain having fallen on Sunday and Thursday.
3,220
1,881
3,500 Average thermometer 42, highest 61, and lowest 28.
2,173
2,370
2.897
DallaB, Texas....
The rain1,400
2,000
1,778
807
2,554
Jefferson, Tex. ..
1,162
The cotton
7,701
6,548
8,570 fall has reached one inch and twenty hundredths.
Shreveport, La ..
2,.593
10,367
3,372
7,489
4,036 crop of thisjsection is about all gathered, and what remains is beVicksburg, Miss
8,384
6,903
5,091
0,664
1,030
4,214 ing rapidly marketed.
2,105
Columbus, Miss..
1,347
977
6,995
5,125
1,997
1,997
EuJaula, Ala
2,010
1,897
3,156
Rain has fallen on four days of the week
Nashville, 2'e7inessee.
374
1,603
678
Griflin, Ga
984
2,686
1,138
5,622
8,947
13,406 just closed, the rainfall aggregating two inches and ninety-four
Atlanta, Ga
3,201
9,362
2,387
2,246
4,572 hundredths.
136
3,621
Kome, Ga
2,211
5,875
The thermometer has ranged from 33 to 49, aver3,368
2,036 aging 41.
963
711
3,680
Charlotte, N.C...
856
12,708
8,762 23,874
15,967 12,556 40,951
8t. Louis, Mo
It has been rainy the earlier part, hn*
Mobile, Alabama.
6,920
5,666
Cincinnati, O
6,454
8,335
11,667 10,100
clear and pleasant the latter part of the past week.
It wi;
60,041 51,360 78,012 showery two days, rained severely one day, and rained coi
Total, new p'rts 51,193
41,675 97,672
rainfall reaching two inches and eight}
Total, all
106,194 83,345 259,129 114,405 97,813 183,665 stantly one day, the
three hundredths. 'Ihe thennometer has averaged 54, tl
The ahove totals show that the old interior stocks have highest being 09, and the lowest 38. The tributary rivers ai'
increased during the week 13,331 bales, and are to-night 53,804 higlier.
The receipts at the
Dales more than at the same period last year.
Montgomery, Alabama. Ihe earlier part of the week w;.
same towns have been C37 bales more than the same week last rainy, rain having fallen on four days, but the latter portion hii
have had killing frosts on twi
year.
been clear and pleasant.
Receipts prom the Pl.^ntations. Referring to our remarks nights. Average thermometer 53, highest 70, and lowest 3o.
!n a previous issue for an explanation of this table, we now bring The rainfall for the week is two inches and thirteen hundredths.
Selma, Alabama. During the earlier part of the week it rained
:lie figures down one week later, closing to-night;
on three days, but the latter portion has been clear and pleasant.
RBCEIPT8 raOM PLANTATIONS.
Snow fell on one day, heavy rain following.
Madison, Florida.— It has rained on one day the past weel;
Week Receipts at the Ports. Stock at Inter'r Ports Rec'pts from Planl'ns.
the rainfall reaching seventy hundredths of an inch. The thei
end'g1S78.
1877.
1877.
1677.
1876.
1878.
1876.
1878.
1876.
mometer has averaged 51, the highest point touched having been
We had a killing frost Tuesday night,
63, and the lowest 40.
Bept 6.
5,f8o 26,7!;0
5.8J6
26,760
20,700 16.449
9,979
18,866
19,733
Macon, Georgia. Rain has fallen on one day the past weel;
" 13.
i3,431 16,-J7S 18,9,-1
41.4.57 11.932 47,431
41.457 12,109
47,431
The thermometer has averaged 53, the extreme range bavin:
" ao.
71,355
25,901 15,104 26,377
61,998 81,17; 74,355
6S!,998 22,346
been 33 to 65.
" 27.
t6,e40 43,li8
98,863
95,845 43,1-28 98,663
38,e37 20.510 37,872
had rain on one day and a slight snov,
Columbus, Georgia.
Oct. 4.
152,199 70,040 130,990
123,199 70,040
130,990
57,048 29,7211 47,203
fall on one day during the past week.
The thermometer ha.
" 11. 138,074 109,864 118,159 72,27? 41,891 59,823
136,074:109,861 148,153
averaged 30. The rainfall is tifty-four hundredths of an incii.
" 1". 152,8iO 185,054 160,2.33 84,871 58,745 79,597
153,820 135,t;54|l60,2)3
Savannah, Georgia. It has rained on three days, the rainfall
" 85. 171.617 15T,&j9 182,236 103,774 tO,374 97,-87
174,6 : I67,C09 162.236
reaching two inches and twenty-four hundredths, but the rest of
NOT.l.
157,280 123,652 105.814 115,034
201,901 177,336 167,280
201,9(M 177,330
the week has been pleasant. Average thermometer 54, highest
" 8. 211,810 1118,776 182,8r4 1,8,111 126,640 149,496
211,810 188,776 188,874
" 15. 205, 6C6 191,571 176,004 1,57,361 133,405 174,58:1 205,606 194,571 176,004 73, and lowest 39.
Augusta, Georgia. During the earlier portion of the past week
" 22. 811,b2:i 200,980 181,376 180,519 36,941 168,491
211,823 20e,9;0 181,376
we had heavy and general rain on three days, the rainfall reacli
" 29
204, SV9 172 2:i!
184,625 197,131 157,032 205,912
2C4,679 172,216 181,625
ing one inch and twenty-five hundredths. The latter part hn^
Dec. 6.
187,73-i 174,365
167,73.) 174,366 220,718
220,748 213,723 169,073 230,480
" 13. 196,4:16 2f'2,»05 8S0,-:91 J34.12, 185,665 269.1291 196,43^ 203,80, 220,291 been clear and pleasant, the thermometer averaging 48 during
About three
the whole week, and ranging from 33 to 6».
This statement shows us that the receipts at the ports the past quarters of the crop of this section has been marketed, and
week were 320,291 bales, received entirely from plantations. plantere are sending cotton to market freely.
It has been showery three davLast year the receipts from the plantations for the same week
Charleston, South Carolina.
of the past week, the rainfall reaching one incli and thirty-oii'
were •.i02,805 bales, and for 1876 they were 196 436 ba(les.
The thermometer has averaged 53, with an extrenii
Weatuer Reports by Telegraph. There was considerable hundredths.
range of 37 and 67.
rain the first half of the past week in many portions of the South,
The following statement we have also received by telegrajjli,
with some snow at a few points later in the week the weather showing the height of the rivers at the points named at 3 o'cltSSk
We give last year's figures (Dec. 13, 1877) for
was generally fair. Picking is now closing up rapidly every- Dec. 13. 1878.
where, this having been one of the best picking seasons for a comparison
—
receipts
for the
—
—
—
—
—
.
—
,
—
—
We
—
—
—
—We
—
—
—
—
;
Dec. 12,
long time.
— We
Galveston, Texas.
have had showers on three days, but
the balance of the week has been pleasant. About
in this section has now been secured, and what little
all
the crop
is left
in the
te picked next week. Average thermometer 63,
highest 71, and lowest 41. The rainfall for the week is fifty-two
hundredths of an inch.
Indianola, Texas.
There have been showers here on two days,
and we are needing more. About all the crop of this section has
now been picked. The thermometer has ranged from 41 to 70,
averaging 61. The rainfall is fifty hundredths of an inch.
Corsica7ia, Texas.
It has rained on one day of the past week,
rainfall reaching forty-eight hundredths of an
a, shower, the
inch.
Picking is about finished. The days have been warm, but
the nights have been cold, the thermometer averaging 54, and
ranging from 35 to 73.
Dallas, I'exas.—We have had delightful showers on three days
this week, and the indications are that they extended over a
wide suiface; but we are still needing more for wheat, as the
weather is so unfavorable. Much seed planted has failed to come
up.
There is now very little cotton in the fields, and picking
will finish next week. The season hag been the best ever known
fpr cotton-picking, and worse for wheat-planting. Average thermometer 54, highest 73, and lowest 35. The rainfall for the
lyeek is seventy-eight hundredths of an inch.
Brenham, Texas. There have been delightful showers on
three days of the past week, apparently extending over a wide
area, but not enough yet. Picking is about finished. The ther- <
fields
'78,
feet. Inch
will
—
—
—
D?c. 13
:.
'77.
Feet. Inch.
13
8
Below high-water mark
8
20
1
4
12
Above low-water mark.
16
9
8
6
Above low-water mark..
23
4
Above low-water mark..
3
Shreveport
24
10
8
Vicksbiu-ff
Above low- water mark.
until
high-water
below
mark
of
1871
New Orleans reported
Sept. 9, 1874, when the zero of gauge was changed to high-watei
mark of April 15 and 16, 1874, which is 6-lOtlis of a foot above
1871, or 16 feet above low-water mark at that point.
Now
Orleans
.
Memphis
Nashville
COMPAR-iTivE Pout Receipts and Daily Crop Movement.—
of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of tie
We have consequently added to our other staudirg
month.
tables a daily and moatlily s'.atement, that the reader may cii«atantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipta at
eich port each day of the week ending to-night.
PORT BEOEIPTS FROM S.iTDRD.VY, DF.C. 7, '78, TO FRID.tY. PEC. 13, '78.
A comparison
D'y s
Now
of
Or-
we'k leans.
Mo-
1
bile.
6,558 2,614'
25,468 7,787
Tues 11,232 1,866
Wed 13,204 2,656
Thur 9,659 4,766
9,041 7,234
Fi-i..
Hat..
Mon
CliitT-
leston.
3,036
4,719
3,438
2,2 4S
3,309
5,708
Savan- Galnah. vest'n.
4,270
5,562
3,746
4,427
4,113
4,079
3,308
8,944
2,184
2,666
4,605
4,549
Norfolk.
2,494
3,115
3,303
2,885
2,818
2,184
Tot.. 75,162 26,923 22,458 26,197 26,316 16,801
Wilton.
498
454
892
248
674
All
others.
2,725
2,512
2,030
2,502
670
141 13.088
Total.
25,563
58,561
28,093
30,836
30,614
46,024
2,907 23,527 220.291
Drobmbkh
(niKONlCLE.
THli;
14, 1878.1
The moTPtnent each month
since Sapt.
1
has b»ea ai follow*:
Year BeKlnnlnf September
1.
Montliljr
SApt'iiib'r
Otltobpr.
Movouib'r
1877.
1878.
Ke«cli>lii.
98,491
678,633
822,493
288,848
689,264
779,235
1876.
230,808
675,200
901,392
iuV.i
1875.
1874.
169,077
610,316
740,116
134,370
536,968
676,295
1873.
115,255
355,323
570,103
Tot
year. 1,757,317 1,499,517 1,813,520 1,519,509 1,347,639 1,046,681
Pero'tage If tot. port
44-91
38-53
27-51
3e-25
3450
rooelpts Nov. 30..
Thia itatement Bhowa that up to D^c. 1 the receipts at the
ports this year were 2r)7,«S0 bales more than in 1877 and 56,173
B/ addiujif to the
balea leas than at the sauiH time in 1870.
above totals to Uic. 1 the daily rucuipts since that time, we shall
be able to reach an exact compirison of the movement tor the
diflerent years.
Sarannah Department.
Thla report coYort Iho «a/< nj Otorgto and the Statt <y Florida. The report
Is prt-pared and leaned by the Bavaonah Cotton Exch*nK«, through their
Cummltten on Information and Btatlaticif, compoewl of J. II. Jobniton.
Ulavlui Pblllipe, J. J. Wilder, L. O. Young and F. R DweaL
Georgia.—80
The weather
for
repltei from 49 eountieii.
m'berlnK the crop the past month, and,
been very favorable, enabling the farmtir
derlnc Iba
hna.e it qoleker
In f ict,
whole seal in, bm
and In much better condition than
to
last year. Many have Anitbed plcklnf, and
but little will remain In the fields after the lith of December ; fnlly seveoclgblhsof the crop had been picked lit Init. and nearly throeqaartors markete<l.
In Western and Sonthweetern UeorKia the beet crop In luanjr years la
reported : In most of Mid'ile Georgia the croD Is abont the same as last
vcar, while In Northern Oeorgia they are short of last season.
ibo whole,
however, the yield of the .Stite Is 10 t» l-< per cent greater than la.t y.-ar.
Un
The
r.'portsof the product of the top crop, or second growth, differ wid ly ; In soma
rectlons the yield from it has been large, while In atbers the oxpcciallons ot
month sgo were not rcalliicd.
Fiorlda.— 18 replies from 10 countlei.
Thn weather for gathering the staple was floe tke past montb, mare favorable thai last year the crop was nearly all gathered, and more than half of
a
;
1877.
1878.
1876.
1875.
1874.
1873.
l.)t.Nv.30 1,757,349 1,499,517 1,813,520 1,519,501) 1;347,039 1,040,031
24,517
20,472
30,824
22,812
21,387
1....
S.
ll.'O.
"
"
2....
"
4....
"
5....
39.078
40,804
23,532
30.938
"
6....
5t<,291
•
7....
25,563
3....
"
8....
8.
"
0....
"
10....
•'
11....
58,561
28,693
30,836
30,614
46,024
" 12....
" 13....
Total
8.
21,039
40,703
27,179
20,766
30,219
31,300
22,784
S.
8.
4I,«73
31,602
32.325
24,767
33,072
26,931
47,969
35.846
25,895
39,011
42,863
29,247
29,126
8.
20,301
20,856
35,581
S.
30,511
29,087
26,812
22,043
25,918
20,385
8.
28,021
10,114
34,055
31,842
26,081
22,843
23,275
28,248
25,008
8.
41,726
22,952
20,534
26,509
28,977
37,015
49,512
S.
40,210
26.045
27,632
22,371
33,111
23,023
8.
2,171,273 1,848,576 2,100,649 1,830,257 1,009,801 1,365,000
Teroentage of total
port receipts
42-53
53-51
43-07
47-75
35-89
This statement shows that the receipts since Sept. 1 up to
•to-night are now 33'3,697 bales more than they were to the same
day of the month in 1877, and 10,6i4 bales more than they
were to the same day of the month in 1876.
table the percentages of total port receipts
received Dec. 13 in each of the years named.
which had been
COTTON CROP REPORT. — The
Agriculture have this week issued the following
AaitlCDLTOK.'ll.
Department of
We add to the last
DEP.VnT-VIEST
estimate of the cotton crop. It requires no explanation, as the
department gives its own conclusion clearly.
marketed.
The yield of the State will exceed last year by abont 10
per cent.
The seasonable weather during the year caused the bolls to
grow larger and matnre better, and the result has been a heavier and sirongar
lint.
In the Sea Island sections they have bad daring the whole year nothini;
but a series of disasters, commencing with a cold, wet spring, remarkably
hot weather In June and .July, rjnsand caterpillar In Angust. and gales la
the early part of Sepiember.
The yield of long cotton will be fully 15 per
cent short of last year.
It
3IobiIe
covers the Slate of
returns
:
-a bale.
— We
publish
CoxroN ExcHAScffli Reports for December.
these reports to-day in full, but attempt no analyeis of them, as
it is impossible to draw any exact conclusion from the data
given. The general interpretation made here, however, is that
t'ley indicate
no increase of the crop over
last year.
Norfolk Department.
The Norfolk Cotton Exchange (II. S. Roynolds, Chairman, W. D. Ronntree
and R. I*. Barry, Committee on Information and Statistics) issues therollowinfi;
report, coverini,' the State of Virr/inia and the foUowini; Counties In North,
Carolina: Ilntherford, Lincoln, Catawba. Kowan, Davidson. Iredell, Barlie,
Wilkes. Caldwell, Alexander, Davie, Forsythe. Yadkin. Stokes, Surrey,
Bockinghaiu, Caswell, Person. Granville, Warren, Franklin. Nash, Wake,
Hyde, Pitt, Oreen, Curtaret, Craven, Beaufort, Tyrrel, WashinRton, Martin,
Bertie, Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northamptoa and Ualifax.
North Carolina and Yii^lnla.—22
replies
from 16 counties
in North Carolina and Virginia.
Six report the weather for gathering cotton daring the month of November
as favorable as la?t year, while I'i say the weather was more lavorable. About
8Ho90 per cent of the crop hn bean pick,"d. and picking will be finished
Five replies report the yield about the same, 4
abont the lOtb of December.
abunt ten per cent more, and 13 say the yield is from 25 to 30 per cent lees
than last year.
Ou an avira^je about three-quarters of the crop has been
-marketed.
Charleston Department
—
—
Mississippi. 30 replies from 17 counties.
The weather has been more favorable than Ust year during November
reported as having being marketed.
New
Orleans Department.
covers that part of the State of Mieeisslnpl not ap-.>orlioned to the Memphis
and Mobile Cotton Exclianges; the entire State of Loaisiaiia and the Stat*
The report is prepared and
of Arkansas, south of the Arkansas River.
issued by the New Orleans Cotton Exchange, through their Committee on
Information and Statistics, composed of wm. A. Gwyn, Chairman, R. h.
Moore, Jesse S. Flower. John M. Witherspoon, J. M. Frankenbnsh, L. F.
Berje, Cyrus Buseey, Jules Maz^rat.
replies
from 24 parishes, bearing dates from
The weather has been much more favorable than for the same period last year.
Picking has p:ogres'ed ftn,-ly, and about ee-zen-eighthsof thecropis gathered.
picking will be completed Dy Dec. 13.
The yield In
the river parishes U estimated at about 2 per c-.nt less than last year, while
in other portions ot the State there has be -n an average Increase of about 18
About 61 per cjnt of the crop his been marketed
percent.
There has
been a universal complaint that the seed cotton this season yields much less
lint than usual.
It is estima-.ed that the
1
—
Mississippi. 58 replies from 35 counties; average date Nov. 30.
The weather for November was much more favorable than during the same
month last year. Pirking has progressed quite rapidly, and will be completed
by Dec. liO. The yield, compared with lasi yeir, is reported aiiout one-third
less. Aboutone-half of the crop has beju mirketed.
Our correspondents In
this State general y agree that th; cjmparaiive yield of lint lo
le:3 ihau the average of any previeus year.
much
seed cotton is
—
Arltansas. 26 answerj from 18 coantiea, of an average date of
Dec. 1.
The weather during the month has been universally favorable for gathering
the crop more so than sime time la-?t year. Seventy-five per cent of the c op
has bi en gathered, und it is estimated that the temaind>'r w-ill be picked by
Dec. 35. In the counties of .Jefftr^on. Nevada. Ouachita, Pniaski and Howard
the yield la reported as about tUa same as lat year, w lile in tha rest of the
State there hai been an average decrease of about -Ji per cent. About one-halt
The complaints mentioned in the reports
of the crip has b.-en marketed.
Irom Loui-lanaaiid Mississippi, relative to »niall vield of lint cumpared with
seed cotton, are reiterated by most of our Arkansas corresoondcnis.
Note.— Estimates from all the States are based on samj acreage as last year.
—
Galreston Department
covers the State of Texan, and was prepared and issued by the Galveston Cotton
Exchange, through their Committee on Information and Statistics, composed
of J D. Skinner, Chairman, U, J. Anderso,!, J. M. Kirwan, P. Fitzwiiliam,
Chas. Kellner.
Texas.
Nov. 80.
—67
answers from
57
counties,
averaging
date of
Fifty-eight replies from 13 conntics report the weather for picking this season more favorable than last year, while 9 replies from 6 counties report leas
favorable. In 52 r.'plies from 46 coantiea the crop is reported as all picked;
15 from 11 counties rei'ort only one-half to three-quarters picked. The average yield Is reported 40 per cent larger than last year In 45 replies from 41
counies the same as last year in 4 replies from 4 counties, ami 35 per cent
Th.- replies from :M) counless than last year in Ij replies frem 13 counties.
28 replies from 21 counties
ties report 75 per cent of tho crop marketed
report 50 per cent 2 replies from 2 c:>unties, 83>i per cent and 3 replies from
3 counties, 25 per cent— making an average of aoout HO per cent of the crop
marketed. Nearly all replies report the weather for plck)ng very favorable ;
consequence the cotton is clean and of good quality. Questions were sent to
ascertain the number of bales raised, and aiso the number of acres plintel
last year, but the few replies which were made to these queetiens do not
euable as to give aa accurate report.
;
;
m
corres-
pondents as more favorable than last scasjn. Several counties report entire
The average for the State Is
picked, but no county being really backward.
90 per cent. Picking will be finished generally by 15th inatant. The yield is
reported more in 11 counties, less In 8, and about sime In fi; average of the
State thows an Increis^ of abo;it 2 p>>r cent c ^mpared with last year. The
the
proportion of crop sent t market up to Dec. 1 wis from 53 to 90 per cent
averag.- for the State is 78 percent.
The crop is remirk^bly free of froststained cotton, and yield, with the exception of a few conutlea, very go«d.
•)
f.^r
gathering the crop, and pi-^king is abont completed.
Three counties report
an average increase in yield of 9 per cent over last ye ir. 3 report the same,
and 11 an average decrease of 2*1 per cent. About 46 per cnt of the crop la
;
—
South Carolina. 53 replies from 20 countiea.
The weather for the morth of November la reported by all but two
far
;
covers the Stale qf South, Carolina^ and Is prepared and Issned by the
•Charleston Cotton Exchange, throunh their Committee on Information and
Statistics, composed of Robert D. Uure, Chairman, L. J. Walker and A. W.
Taft.
as
Alabama. 01 replies from 84 counties.
The weather has been generally more favorab.e for gatberlns the crop than
during November of last year, and picking Is about oo->iplet"d.
The yield,
as compared with last year, is estimated to be 18 per cent less In IT conntlea
and 17 per cent more In 17 counties. About 53 per cent of the crop on an
average is reported as having been market<-d.
Department op Aqriculture, [
Washington, D. C, December 13.
Louisiana.— 38
received this month at this department, we Nov. 28 to Dec. 4.
are enabled to make the final estimated computation of the crop
of cotton raised this year. The acreage is about 2 per cent
greater than in 1877, an amount not large enough materially to
The October
affect the total product, being only 209,503 acres.
and November returns showed a condition 11 per cent higher
Owing to remarkably fine
than the same months last year.
weather for picking, whicli has lasted to date, the yield of lint
per acre is much higher than in 1877,' only three States reporting less, viz. Florida, Alabama and Louisiana, while all the othThe average production for 1878 is 191
ers report an increase.
lbs. per acre, thus making the crop of 187^, in round numbers,
-5, 197,000 bales of cotton, allowing 450 pounds as the weight of
Department
north ss tho snmmlt of the Sand
Mountains, and the /ollowliur countia in ifUHnHppi : Wayne; Clarke, Jasper,
Lauderdale, Newton, Kemper, Nesholso, Noxubee, Winston, Lowndes,
tiktiblba, Colfax, Monroe. Chlcasaw, Itawamba, Leo, Pontotoc, Prentiss,
Alcorn and Tiahamlngo. The report Is prepared and issued by the Mobile
Cotton Exchange, through t'lelr Committee on Information and Statistics, composed of T. K. Irwin, chalrm lo, Julius Bnttuer, A. M. WUlmartb, J.
C. Bush and S. Hans.
)
From the
Alnbama
;
Nashrille Department
covers iliddh Tennessee cast of the Tennessee River, and the followinK
Oounliu of .i/oftoma.-— Lauderdale, Franklin, Colbert, Lawrence, Morgan,
Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee. The report la
orepared and issued bv the Nashville Cotton Kzcbange, through their Commit
tea on Statistics and Information, compoaedof Leonard Parks, Clialrmas,
Lanist and J. P. Dubbhie.
B
THE C!HRONJCLE.
631
Tennessee.— Only
13 replies received.
All but two report the weather more f ivorable for gathortn"- the crop
thin
last year, and they Fay favorable. Bleven repart the crop in'their
section all
bales, against 8 072
bales last week. Below we give
showing the exports of cotton from New York our usual
and their
direction,
table
for each of the last four weeks; also
the total exports
and direction since Sept 1, 1378, and In the last
column
gathered; 6 report nearly nil ca'hercd.
The yield i8 generally reported less
than laH year, the average being SO per cent less, and two-thirds of the
crop
^
marketed.
Alabama.— 33
(Vtb xxvn.
the^ul
the same period of the previous year
for
replie.s.
rporuotcottoo(bale«)froin Kewr IforK «ince8ept.l.
18TS
The genera) report of weather is raoic favorable for gathering the crop than
••", 5"^"]'- JF'^"]"'^, rP"" "'5 ."'"P ''™'''y »" gathered, auS 9 report all
gathered. The yield Is rppor'ed les.", being morcin some cections than
others
tee average bang about 20 per cent leas, and one-third i,f the crop
W«HB HDiaS
marketed!
Nov.
Memphis Department
20.
eovers the SUiU of Tmwssee. west of the Tennessee River and
the ro!lowing cotintUs in Mhslssipnl
Coahoma, Panola, Lafayette Marshall
De Soto, Tiiulca, Benton aud Tippah, and the StaUof Arkansas ilorth
of ihe
Arkansas
•-'-nsasKivcr.
Kivcr.' The report is p'repKrod"
prepared and i8rned"'by't'hTM;^phirCotton
issued by the Memphis Cotton
uige through their Committee on Information and Statistics,
composed
Of Sam
"" ^-"^' ^.M. Ag',as.o!jas.
B. Day,
K. P. Phillips and W. F. Tay
l-^:^''.%lK^sZT^:
Uverpool
Other British PorU
.-
Havre
Weather for yovember—Sjepon the w.ather for November never
better "l
T>ry favorable, 3. more favorabl > thju for November, 1877, 1 about the
same
Crop P/ciinjr-Is re;!orted as being from
to 100 per cent piclied. averaging
per cent; av, rage date of completion, December llth. Cotton
Yiflrl—mr,.
port larger yield than 18-7 8 about same, 14 leas yield,
averasl.ig S per cent
decrease
Cotton Marketed --V la variously r.-ported as being from
8 to
cent market- d; averag.ng 39 per cent. iTuceUaneo-a-U report much 75 oer
damala
to cotton by excessive drought of August and September, causimexc ssife
•heddii.g, rust and premature ripening;
complain of serious dJmacre from
excessive growth and light frulUge caused by wet weather; 5
report
fcvorable.
Much damage is reported from ravag a of boll worms. the" soaso™
W
K
period
to
prev'm
date.
year.
Dec
11.
6,514
4,665
122,041
200
10,019
8,666
6741
905
251
740
1,584
4,655
125,«93
103,55«
629
6,3:4
2,141
115
Total Frencb
SO")
251
740
626
6,931
3,25«
838
1,799
»88
235
8,12.^
8,S7S
250
I,20J
423
8,208
485
9,750
19,092
9S2
Other ports
Total to N. Europe.
838
2,751
•paln.OportoiaibraltarAc
683
S86
836
411 others
Total Spain, &o
North Mississippi.- 33 respons*.
jrealher for Xomml>er—\ reports weather never better, .S8 ve-v
f.vorabTe
S8 m()re favorable than 1877 ; 1 n -t so good.
Crfp Plcking-PiMla rcnorted
as being 75 to 100 per cent done, averaging 8: per cent iverage
dSte of com
pletioii Dec. 13.
CoMooLeii-U report larger yield than 1371, 6 about the
•ame. 15 less, averagings per cent less yield^ than 1877.
Cot'on MarketedThe crop 18 variousFy estimated a< having been 10 to 75 per
*^ cent iunrK.ii,a,
mark'tcd
averaging ;il
cent.
101, 96K
3,ii52
Bremen and Hanover
Hamburg
.3
4.
8,686
Other French porta
responee?.
Dec.
87.
60J
rolal to Ot. Britain
kAtZT' '
West Tennessee.—33
9,117
Nov.
Same
ToUl
Grand Total
11,76J
"^
S8«
....
....
886
12.874
8.079
5.776
143, -383
12i,90}
"ceipts of cotton at New York, Boston,
Di.Ti'' j',°'l"'"°*^
PhUadelDhiaand
Baltimore for the oast week, and since Sept. 1,'78:
;
*'"'
per
Arliansas.- 87 responses.
Weallurfor KovemMr-Z report
Since
SepLl.
the weather never better, 23 very favorable
more favorable than November, 1877.
Crop picking is reported as be ng
ttom 7) tx) 90 per cent completed, averaging 84 per cent- average
date of com
trfetion, Dec. in.
Cotton ^'^-15 report larger yield thulS"^,
4 ab"„"s4™^
averaging 7 per cent less yield than 1877.' Cotton
18 less
HarkiuU-ThcTJv
IB reported from none to 75 per cent marketed, averaging
45 per cent
Ifif
o?«™«)-(..--10 report serious daraige from drouth, causl,rg
blight- 18
damaged by heavy rains in August and September, ciusin" much
serious shed linS
and exceesfve growth; 9 repor. an average good'seaso"."
Much uamage
»'ui-u
damage is
i5
»
Mew
WeaHi^ for Kovember-Xt
favorable
;
:00
report the weather for
I
1
betterlees favor:
Crop ncklng-T\i'i cotton crop is reported as beirg from
75 to 101 ner
cent gathered, averaging 85 per cent, and thit pickin" #111 h" e„n«,;,!;.,PL
imaied
by the 5ih to he 3 iih of December avern"in» Dec 14
8. Yi-ldqf Crop -3? report a greater yiefd than 1877
18 ahnnr fh« »m«. »•
*'
hies yiHld
averaging 5 per cei.t less yield thati 1877
'
4. (>o/)JMrte/!«5r- The cotton crop is variousljr
estimated to ""^ been
""^
fr..m8to75p=rcontra9rk3tcdatthc close of November aveia have
40 per
cent.
Potal thit year
Total last year.
J
2.
;
•'
;
'
J/few7,-jt!cot«—H5 complain
5.
mon
and
of seiions damarro
hv
,i,.„,„i..
fruit
ve
6.
ages
or
Labor— ^
report laborers workin-' well
erori them working only modcately well
not good.
and general morale good
ih It the morale of laborers
;
'
1
14
•
thi.s
week
Great CoutiI5i-ifn.
lUiUt.
Shipments since Jan.
Great
Total. Britain.
Continent.
1.
Total.
1878 1,000 2,000 .•3,000 323,000 101,000
1877
3,000 3,000 382,000 434,000
1876 2,000 2,000 4,000 .iSl.OOO! 403,0001
Receipts.
This
Week.
Since
Jan. 1.
724.000 12.000 912,000
910,000 12,000 1,083,000
984,000 »,000!l,0y3,000
From the foregoing it would appear that, compared
with last
year there hw been a decrease of
bales in the week's shipments from Bombay to Europe, aud that the total
movement
since January 1 shows a decreme iu
shipments of 92,000 bales
compared with the corresponding period of 1877.
Gunny Bags, Bagging, &c. -Bagging has not moved
daring
the week, except in a small way for jobbing
want.s and no
increase can be noted in the demand.
The feeling
weaker again, and prices are tending to a lower basis. is rulins
At thf
^^""^ """^ "™ <l"°ti"g 9i. 9f, lOic
o and
Toff,
'"'u'"^
2
2i lbs., but a round lot could be had at a lower
tgure. Butts are quiet and easy in tone sales
have been more
fl-eeiy made, owing to some supplies
coming to hand, and parcels
to the extent of 2,000 bales, ox ship, have
been placed at 2*^9 lOtf^
Ihe in,,,ury has fallen off again, and at the close
3*0.
the feel
is nominal, with holders quoting
2 0-16rd)2 ll-16c
a.s tn
and terms.
hear of no t^-ansactions in future
fTA
fotli,
;
mg
^my
We
SiJ.
Thb Exports of Cotton from New York
(fcorease,
as
compared with
last
week,
543
li\86l)
S!0!
2.3J4
6,217
27,148
(
33,553
1,598
16,42t
1,978
27,89)
1,934' 17,151
91,611
4,3'J3
70,506
4,0951 58,375
Shipping Nbws.— The exports of cotton from the United
Spates the past wetflt, as per late»t mail returns, have reached
l.n,<lOt Ijales.
80 far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published
in
Thk Chronicle, last Friday. With regard to New York, we
iuclude the manifests of all vessels cleared up to Wednesday
T'C:'oft'Z^'i
"iT
nitrht
this week.
Total ba es
'^""^ York— To Liverpool, per steimes City of \'ew York, -271 .. Me:nno»- '**<' ---Nile, 59.b
Baltic. 125 ...Bothnia. 478 .. .Wyomin"
„.
„
8rt3
The Queen, 893 ...Germa ic, 601 and 41 Sea Island ...
To Hnvre, per st-^amer Canad-i, 6!'i
To Bremen, per steamer Rhein. 23
To Hamburg, per steamer Frisia, '250 .. ..
New Orleans- To Liverpool, per steimers Linda, 8,710' !!!(3.-ator"?'8li
.
4 665
'gj.
03
orj
>
^
Jerams^ 4,212
...Delam'n-e, a,3J8....':ity of Limerick, 6 691
James Drake, 3,843...
To H ivre, per ship Prance, 3,644 ...per barfcP.anc4et Plata,' JiJJli; 21674
5,'87«
To Rouen, per bark Aphrodite, 630
'gm
To Bremen, per steamers Hannover, 884....Annie Aiuslie 3 129
perehip John Patten, 4,537
Rottcrdan, per s-oame- '~'harl is Towa<eai H ok 1594
Rival, per steamers Kjnsington, 4,975. ...Mslibar, 5726
Romulu?, 3,(1.10
Mobile— Toll vre, per fcioouerE. A. Balzl'ey,' 1,427 '.'.'. ".'.".' •••-..
To Bremen, per b.wk fides. !5o
'
is
BoNf BAY SiirPMBN-TS.-According to our cable
despatch received
to-day there have been 1,000 bales shipped
frota Bombay to
Great Britain the past week and 2,000 bales to
the Continent
wtiilo the receip's at Bombay during this
week have been 13 000
baleii.
Uie movement since the Ist of .January is
as follows.
These figures are brought down to Thursday, Dec. 12.
jSblpiueuts
26,-381
.'
„|j,
.
(rrowlh
of
b
j.._:_,
696
Carolina.
Virginia
November never
about same;
11,461
SJ'th
Sorth'rn Ports
rennessce, Ac
Pjielgn
rcsponscs.
more favorable than 1877;
350
3'th Carolina
all
vwy
This Since
week. Sept-l
week, Sept.l.
Florida
K
1.
BXLTIXOBI,
Since
Orleans..
Koblle
wported from boll-worms and rust.
Nortli Alobama.— 10 responses.
ITcaMer—l reports weather f r November never better,
vcrv favorahe q
Xore favorable th«n November, 1ST?, I about same. «kj„« is rem) t da,
jng 75 to 90 per cut comp leted, averaging 84 pe,- cem; Jv ?ale Sato for fii!
S»iog, Deeemt>er 13 h. Yteld-1 report larger yield than 1 S7r,S
less- aver "e
ater yiel.I, 1!4 per ce -t. Marketing is reported
at 10 to
per ccnp avw*Sng -29 per cent of aop mHrket^d. Miscrt!aneom~\ report 6j
much
dama4 bv
dry hot weather, causing much blight; i reports excesslre
growth oTplant^
Ught^fruitage, occasioned by e.xce.-.sivc rains; 5 report
featheVgood fSr
AosBEOATE— 102
This
Texas
Savannah
;
SB
PHIZiADBLP^lA
sioi'ts troh
this week show a
the total reaching 5,776
To
To
"
5330
fsgj
ij «5i
I'aVi
,
I
To
Barcelona, per brig Ethel, 611
nCi
CuAUt.KSTON— To Liverpool, per bark Dartmouth, 8.365 UpVand and 272
Sea Island
2617
To Havre, per shin Kdith, 3,075 Up' and anii'52"8ea"lVland!!..per '
"^
brig Fesca, 930 Upland
4337
T" Barcelona, per' bark Troj Auroras, iVlfOUpTaiid'.... per brig
Pubilla, rsn Upland
1.750
Pout Royal— To Liverpool, per bark Richard Parsons, 3,700 Upland..
3 700
Savannah— To Liverpool, per steamer Orchi', 4,645 Upland.
4 645
To Bremen per ttoamcr Claiidon, .5.075 Upland. ...per thips Crown
Prince, 3,16) Upland ...Winnif red, 8,100 Upland. ...per bark
Arracan, 9,-176 Upland
13 700
To Rotterdam, per bark Nerens, 1,755 Upland ..'.'. "".'.
I'y.W
To Antwerp, per bark Johanne slarie, 2,090 Upland
,'.'.".
2090
To Roval, per steamer Larthin^ton, 4.0 JJUpla.ad
4*000
To Barcelona, per bark, Juauita, 561 UpUna. .per brig jii'io! ' 789
.
.
'
.
'
. .
Uplani
^
To Malaga, per bark Jusnits. 650 Upland!!!!!!.'.' !!!! "1
Texas— To Liverpool, per steamers Ganges, 4,723 ...Calrnsmuir, visi
....per
shipStambonI, 4,428 ...per bark Aretas,
Little Hurry, 947
1.341
550
1,232. ...per brig
To Fleetwood,
per schooner 'Jentonnia', 1,760 !!!
'^°^^'"1' per baiks Elinor, 1,325 ...Wamor, 2,208.. ..per schooners
C. E Morrison, I,'I97....E J. Morrison. 1,767
...
To Bremen, per ship Savannah, 4,5'J5....per bark Hampton'oou'rV,
15 611
\\m
'
6,997
7,752
Wilmington-To Liverpool,' per bark lii'diaija, 1,240' '".'.".
1,240
To Br. men, per bark Meteor. 1,200
1,800
To Hamburg, per birk Asts, 1,198.
'....'.
i'ms
N<«roLK— To Liverpool, per steamer Aurora, 3,210.... per ship Ame'ric'a"
4,401
Baltimore—To
Liverpool, per steamers Carolina, 86o!!!!c'a'si)ian,
"
"6'l'6
BosTO.N— To rjverpool, per s eamers Hooper. 2,-286... .Euphrates. 166
•• Bulgarian, l,t09.
.Pembroke, 802. ..Bavarian, 1,710 .Victoria,
.•
.
.
1,6,8
P""-ADELr..iA—To Liverpoo', per stsamani' iii'd
600
Total
The particulars
are as folio wa
7 611
1,416
7,961
"ana,' 500.'.
!".
Devonshire,
1,100
157.404
of these shipments, arranged In our usnal form
DKCEtinER
14, 1878.
THE CHRONK^.R
|
Htm Bremen
N»wi)rloan»..
TllDMSAT.
Bircelooa
and
and Knttar- AntLtrcr- Pleal- and
pool. wond.RoueD.irbiir|{. dam. nr^rp. Rcval.MalaK't.Total.
M'.n
6M
481
4,aM
....
64.:>78
6.809 8.8SU l,5M
.... U,M1
...
....
«3,57<
8li
8.S9I
8M
1,417
«,l»7
8,414
...
1,7M
S.M7
3.T0O
8,703
4.aiS
... 13,70!
1,753 >,O0O 4,C0O
193
«8.181
1,"80 »,»97 7,751
15,«11
8!.181
1,«4I
8,^88
8.5SS
New York
..
ll.iliiio
Ch»r'.-tou
rortlf.yal
H.vnnn.li
Teii"
Wllriiiii^-ton
Nc>rr,)lk
Balliiii'io
!,«il
Boston
7,«5I
rtiiladi'IphU. ...
I.IW
7,611
1.111
7.881
1,100
1,4111
Totnl
14,!M rrW 19,618 Si.731 :V)(9 S,03D 18,8.M 4,8-.8 i57,loi
Belotr we g\7e all aewa received to date of dUasters to TeMela
eirryioe cotton from Uaited States port?, etc.:
Abiel, ttoamer (Br.), at Uvorpaol, Nov. 31. from New Orleitia, in docking at
termer port ulsht of the 2M, struck the dock wall and hid stum allgutly
duranKcd
Ririiunii.K. steamer (Br.), Hamphreys, from New Orleans, for Reral, put
Into Halifax,
Dec
short of coal.
4,
Crrr or Atlanta, steamer. WoidUul', al Now York. Dec 4. from Charleston,
bad a heavy aoutbeast ffile, dnrins which tost and split sails,
on Dec.
and stovo bulwarks.
Jiiiu 0. 8TKVKsao.>i, steamer (Br.). Parvls. at Havre, Nov. 81, from New
York, reports, eocouatercd heavy galen on the 8th. 9th and lltb of Nov..
su<<tainins damage to boats, cab'n, skylli;ht, and cabin furniture, hod
boltH drawn oat of deck, starboanl bow ol forecastle and seams of deck
started, and battens and turpaulius wash d off the after hatch.
Lbsa, Hlettmer (Ur.). Peape, from Sivvaunah for Bremjn, was aground in the
We?er. Dec 5. Ta?fl went to her a^sUtaure,
ViKOiNiA, steamer from Charlestoo, S. C, at Philadelphia, Dec. 10, reports,
having experienced a stormy pa!<8«?e ai:d 1 ist part decklond and rail.
RoTAt. Diadem (.Br.) A stirvuy was bel l).-c. 3 oi the bark Royal Diadem
(Br.), at Charleston, S. C
for Rotterdam, before reported
She had the
appearaaee of bein;; strained, was leaking badly, and the deck was much
burned forward and had been f<>rced out of position by the fire and the
action of the water on the cargo. She lay on the botiom, with a list to
starboard, at North Commercial wharf.
A (team flre engine was
emp'oj-ed on the .5th pumping out the water while the main hatch was
open and the cotton being hoisted otit. The cargo which was being
dis>charged wa^ all completely wet, bnt nine of It nppea:ed to have
suffered much from lire. The work of dUcharglng would dobntless g.i
on until the entire car^o wait removed The burnt portion of the cargo
will probably show Itself more distinctly when the cargo In the forward
part of the bark was reached.
1
i
,
Cotton freights the post
r— -Liverpool.—
Steam.
wook have been
d
d
X®9-3-3
Monday..
i^S-il
Toesday..
Wed'day..
Thursday.
)i®9-a8
jf®9-3!
Ji(a"-8J
Friday....
X®9-12
—®V
—^'i
—@X
—®V
—Ai
—3^
—
cccccc
,
Sail.
Saturday.
as follows:
—Havre. — —Bremen.—
Steam.
>
,
,
Steaia.
Sail.
—&%
— 3)<
—©¥
—@X
cp. —&\i
ll-lf. cp. — a>i
11-18
11-18
11-16
11-18
11-16
X
cp.
cp.
cp.
cp.
,— HambBrK->
>
Steam.
Ball.
comp.
H coinn.
X comp.
X coinp.
X comp
X comp.
M. — Bv Cable
—
—
—
comp. —
comp. —
%
}i
H
%
X
}4
H
Sail,
comp.
comu.
comp.
comp.
H
%
s
X
H
LivBiii'oor., Djc. 13
4:39 P.
from LiverEstimated sales of the-^ay were 10,000 bales, of which
pool.
" lOO bales wore for export and speculation.
Of to-day's sales
'..)0 bales were American.
The weekly movement is given as
—
Hows:
Nov. 22.
Bales of the
week
Forwarded
American
Of which exporters took
Of which speculators took..
Bales
|
TotHl stock
44,000
10.000
33,000
.5,000
2.000
301,000
2.50,000
Of which American
Total Import of the week
Of which American
AcUial export
124,000
29,000
26,000
5,000
337,000
207.000
!
,
1
I
Amount
Of
Nov. 29.
00,000
6,000
39,000
6,000
4,000
bales.
iilluut
wliicli American
I
035
17.5.000
104,000
DO.OOO
6,000
291,000
223.000
Dec.
Deo. 13.
6.
49,000
7,000
38,000
7,000
2,000
329,000
201,000
82,000
68,000
7,000
310,000
218,000
5-5,000
5,000
43,000
13,000
2,000
324,000
192,000
48,000
34,000
1>,000
337,000
276.000
The following table will show the tone of the market, daily, of spots
and the daily closing prices of spot cotton for the week
.lud futures,
Dtthttry.
Dee
nelltery.
Anrti-.Miiy
...4*»»»7:,3
"
Ucc.-Jnn
.Iiin.-Keti..4»,
'»-»'aii
Ki-h.-Mar.. .v'atV^i'i
M»i'.-Ai>rU.
...5
IhHreru.
Dee
4l=in
Di-c.-.)uii.
May
99i,-ig
Alay-Juiio
Market,
:et,
J
12: JO I-.M. i
Dull,
Dull,
ca.slcr.
uiicli'ged
Mid. Upl'ds
Mid. Orl'us.
Market,
"i
5>3
Heavy.
Heavy.
Unchanged
)
Moderate
Easier.
5
638
5ifl
i
Ji.
I'.
Monday. Tuesday. Wedn'sdy Thursd'y Friday,
demand.
415,8
47a
5'4
5IS19
Un.
Unchanged.
changed.
Futttres,
Market,
.5
M.
p.
The
isis
I
(
Dull.
Hcavv.
Steady.
Weak.
Do-
I
pre-ascd.
Offering
1
Satcbday.
Delivery.
Delivery,
rf.
I
Dec
,
IVc.-Jan
..513a
I
...5l:i2
I
I
Jan.-Feb
Mar.-Apr
Shipment,
d.
5i;i2
5>8
I
I
d.
May-June
57,2
Nov.-Dcc,
n. crop.533.j
MOKDAf.
Delwery.
Dec
Shipments.
Delivery.
5i-(>>
Apr.-Muy
Nov.,
?fl\n
I
Feh.-Mar
Mar.- Apr
Apr. - Mi»y
Miiy-June
sa^o
S's"
5B;,2
S'^o
514
May-.ruiie
Dec. -J an
Jan.-Feb
Jime-July
S'lja
b'^it^Hi
S^n
I
I
I
new
n.ep.8'1.5i>32
TCESDAT.
Delivery.
Delivery,
Dec
5
May-Jime
STjj
Feh.-Mar
5
July-Aug
5i>ia
5
June-July
Fcb.-MarcU
Mar.-Apr
51 1«
5832
5532
Dec
514
4313a
43I38
43^33
Mar.-April
Sije
shipments.
Nov., n. crop, 8all.5lig
Jau.-Feb., n. crop,
519
sail
Apr. -May
5>m
Wedsksdat.
Delivery.
Delivery.
l>ec
43I32
Jan.-Feb
Feh.-Mar
431-19
Mar.-Apr
51,9
4I01S
415,,
Dec
,
Du«.-Jaa
5
April-May
May -Juno
June-July
Jan.-Feb
Mar.-Apr
May-Juno
Delivery.
5'9
53ig
June-July
41»ic
5
.V»„
OHaSan May-Juno
5*m
V"ia JuuoJiily
4*39
Fbidat,
5>i(
p. M.,
December
13, 1878.
;
).
—
The following
are closing quotations ;
Floub.
oa*isV bbl. IS 40a 3 00 Whest-No.3 sprlng.busb. $0 Sia
No, 2 spring
SUte & Wcst95A
No. 2
Bui-erfino
rn
Bxtra Stite,
Western
&c
spring
3
3
201
7>®
3
3
fiO
.1
UJ
70^4
29^5
00
5)
Wheat
extras
doXXandXXX
4
do XX and XXX..
Minnesota patents
City shipping extras
Southern bakers' and fa-
mily brands
Southern shipp'g extras.
Rye
4
Corn meal— Wcstern,£c.
Corn meal— Br wine. &c.
2
3
i
40®
W)«
9J^
40%
85®
1
®
0r®l
spring
Bed and Amber Winter 1
Ued winter No. 2
1 orx®
White
1 04®
Corn— West'n mixed
42)4®
.
.
3
-i
05
3 8S® 1
4 :!S@ 5
& 50($ 6
8 8U® 4
4
flour, snpcrllne
No.
do steamer grade.
20
do while
do yellow
5U
01 Rye— Western
8i
Stute and Cao/ula
Oat<— Mixed
75
White
30 Barley- Cinada West....
State, 4 rowed
aO
do winter shipping ex-
!>
4
.
••
45x®
1
SUte, Srowed
Peas— Canada bondJbfree
47®
46®
67®
60®
SO®
SSa
00®
90®
75®
71®
Bt
98
....
08\'
1
1
08
U
47 >4
.
..
49
48
SB
63
Si
36
1
1
K
00
80
85
Receipts at lake and river porta for the week ending Dec. 7,
and from Dee. 81 to Djc. 7, and from Aug. 1 to Dec. 7.
1878,
Wheat,
Flour,
bbls.
(190 lbs.)
AT—
89
5.iT«
10<l,»43
V05
15,-30
817,074
M,49S
Milwaukee
Toledo
63,906
Detroit
Cleveland
St. Lonis
Peoria
Dniata
bush.
(NO lbs.)
8J»,05«
765,231
SI(,S55
Chicago
«6.«S«
6,0l»
Corn,
bu-h.
(&6 lb«.)
691.320
13.!itO
K4,.181
2.175
«7,S0J
122 6US
7<,*M
Oats,
hush.
Barley,
bush.
Hye.
bush.
(48 lbs.) (!« lbs.)
202.04
66,435
)H,mi
46,300
5',2J0
i4,eso
11,236
16,031
t267
1'>,8S0
6.8
400
U,l)']l
38,101
11,421
66,800
8,150
9,<:o
(-32
lbs. I
»
MO
5732
Nov.,
4lEi8
5132
5^32
saU
5132
Nov., n. crop,8all.5
Nov.-Dec.,n. crop.
crop,
1,141,573
.182.038
178,178
84,10*
l,>IU8,i88
840,13-1
534,128
24U,<.I8
101,711)
240,, 01
1
14,164
1.181,410
318,209
189,8)3
40.535
88,601
8!»,72!,9H 29,551,89!
4,72-».«77 50,2^s.4^3 7.3,510,196 22 618,813
..5,2«).057 5:),h21,3i.S 76. 19), 128 24,014,790
1 ,6J4,8i5 68,.'i70.841 46,0M,9V5 2I,4'».13S
«,553,«36
8.6SS,867
8.434,520
5,603.316
180.919
Total
160,800
Previous week
Corresp'ng week,'77. 14i,!)93
week,'76.
113,608
Corresp'ng
Tot.Doc81toDec.7....5,lM,233
i t
imo
1877
Same tlms 1876
Same time 18:5
Tot Aug.lto Dec.7..2.4«.6.M
2,49l.8iS
Saiae time 1817
3.!'24,239
Same time 1876
2.016.714
Same tlmi 1475
. .
S.26i.00r
8,191,067
855,5r,9
1-62.809
S5.1(;7,0.51
51.160,061
33,966 845
27.182.255
36,182,053
Tot.D6C.31
Same time
Kame time
same time
bbls.
to Dec.7...5.;«1.06S
4,«45,»37
1877
4,883,613
1876
1875
M)7,«i|
bash.
4,83l,t78
4,-51.«fi0
2,593.t9«
2,72S,CS5
3?,-116.76* 15,836,777 6.623.135
773,W9
3:,604.609 11,793,.U9 5.783.071 1.888.141
S4,517,7a0 10,:i3S,0S2 6.463.341 l,5i3.«0
18,288.383 13,826,789 4.018.061 1, 158,780
Shipments of flour and grain from
ports from Dec. 31 to Dec. 7.
Wheat,
Com,
Floor,
Sliipinents.
5U
new
'"lo
Fell. -Mar
Mnr.-Aiirll
Ajirll-.Muy
There was a dull and drooping market for flour throughoat
most of the paat week, prices of the medium and better grades
declining 10@'35c., per bbl. Extreme low grades not being in
large supply, and meeting with a pretty lair demand, did not
give way much. The weather has been atormy and unfavorable
to local trade; foreign accounts were dull, and, la sympathy with
the depression in wheat, receivers were inclined to presj sales of
current receipts. Production is large. Yesterday there was •
steadier tone, bat no recovery of values.
To day the maiket
was firm and fairly active.
The wheat market was also dull, drooping and unsettled, espeeiilly for winter growths.
Spring wheats, thouf;h dull, were
in a measure supported by speculative action at Chicago, which
No. 1 red winter declined to $1 069
is keeping back supplies.
|1 mi, spot and December No. 3 amber to |1 03i@|l 04, and
No. 1 white to $1 07i@|l 08.
Foreign' advices were dull and speculation was much lesj
Yesterday there was some recovery. No. 2 red winter
active.
selling at %\ 07 spot and December, but trade was slow.
Today the market was stronger at |1 07i@f 1 08 for N
3 red
winter, and |1 003$1 09^ for No. 1 white.
Indian corn hag been irreguiar.some of the better grades having
declined, while the lower grades, and notably new mixed, are bringing more money No. 3 advancing to 43i(§ll3}c. Sieamer mixed
was more active at 45@4)lc. on the spot and for early arrival,
snd No. 3 at 4(;i@47c. in store and afloat, and 47i@47^c. for
January delivery, selling at the same time for February at 46ic.
The supplies of new Southern corn have increased, but are still
Today there was a fuither advance to 47^c. for No. 2
small.
and 43;. for No. 3 mixed.
Rye was firm but dull. Barley quieter bat steady. Canada
peas nominal. Oats were dull, but, through the firmness of
holders, prices were slightly improved, especially for white.
To-day the market was firm, and No. 3 graded quoted at SO^c.
for mixed and 33ic. for white.
Sam
Defirery.
Dec. .I;m
Jan. Feb
Dcc.-Jau
Jau.-Fob
ntllrirry.
a>fl'at'i'||]
4873ga»i.>|i|
crop,
sail
5332
Dec.-Jan., u. crop,
sail
5332
Mar-Apr.,
SMpmenl.
Nov.-Di'c, n.crop.l>*M
BRE ADST aFFS.
free.
Futures have licen .is follows. These sales are on the
of UplaiKls, Low Middling clause, unless otherwise stated.
salej) of
4ia,»
4ai'sa
Jan.-l-'cb
tras
Saturd'y.
Spot.
5^
I)ce
Juii.-I''el>
fi-Vj
4>lai
r<l„
Fob. .Mnr
FiiioAr.
neUttru.
Dt^e.%^au
Muy-.>iinn
4»lj«
Mur.-Aprll
iir.Aii
AiM'il
^Mil-Ml
Aprll-Miiy
May -June
J'lMC-Jiily....
4'«
Peilrrty.
.Mnr.-Aprll
6 '4
Dec
...4»ieai'':i2
Koli.-Miir
film
RVi
Muy-Jiiiin
July- Aug
»»7..j
Westera lake and river
bnrh.
Oat*,
biub.
B<r!«y,
baslC
Rye.
bath.
63,331,125 i;,»S8,8t6 81,062,551 S.0<0,8M 8,«84,V4
4?,<'69.84S (6,481,125 17,«11,f5« 6,488.716 2.8343:7
47,9(16.827 73.127,«2« lt.688.028 3,732.398 2,3I3.S»I
900,364
5T,2;7,US
t8,91l,88( 2,C29,2t2
H,m,W
THE CHRONICLE.
636
Rail ehipments of flour and grain from Western lake and rirer
Week
Flour,
endine—
Pec 7, U78
bbls.
171,143
122,746
118,19t
163.817
Dec!
Prints ruled quiet, and there was a very light movement
ginghams, cotton dress goods and cotton hosiery.
Domestic Woolen Goods. There was a spasmodic demand
for men's-wear woolens, and transactions were not as large as
expected by manufacturers' agents. Some failures were reported
in the clothing trade which had a depressing effect upon the
market; but it is tliought that though clothiers have not been
making much money of la(o they are generally in a sound finanHeavy woolens were in very moderate demand,
cial condition.
but there was i fair movement in light-weight cheviots, fancy
cassimeres and worsted coatings oa account of former orders, and
additional orders were plac-d to a fair amount by clothiers.
Cloths, doeskins and cloakmgs continued sluggish, and there was
less spirit in the demand for Kentucky jeans and satinets than
expected, though some fair sales were efiected by means of very
low prices. For worsted drtss goods, shawls and tkirts there
was a s:rictly limited inquiry, and woolen hosiery and underwear
56x60s.
in
/ports.
8, 11-77
Dec.
9,1676
Dec.
11, 1875
bnsh.
bash
bush.
bush.
Eye,
bash.
5l8,0i6
810,903
330.08!
684,080
471.292
120,902
137,166
15a,0'5
122,139
10S,S5S
122,193
77,079
296.129
14,033
10,753
82,539
11.262
Corn,
Wheat,
2!)7,i70
4S4,476
816.286
Barley,
Oats,
Receipts of flour and grain at seaboard ports for the week end7, 1878, and from Dec. 31 to Dec. 7.
Barky,
Eye,
Corn,
Oat?,
Wheat,
Flour,
ing Dec.
At—
New York
bbls.
146,798
51,P38
2,700
11,099
20,490
21.272
8.151
BoBton
Portland..
Montreal
Philadelphia
Baltimore.
HewOrleans
bush.
bueh.
hush.
bash.
bush.
SMI.OCO
63.000
14,720
£63,805
230,888
82,0!3
2,500
410
47,6"0
BS,',™
15,300
115,64!
13,500
6,700
1,000
20,099
18\880
3,000
SCO
..
136,400
212,000
32,202
372,4f.O
559,400
74,603
10.000
«0,0)6
....
....
<00
113,841
433,487
97,600
8S5,283
865,343 l,9fi2,92S
..
Total
197,040
620,13)
406,900
211,403 3,775,260 1,7)1,612
..
Previous week
14,964
607,997
361,701
673,2.2 1,522,291
Corre8p'ngweek,'77. 371,00*
Tot.Dec.31 to Dec.7.9.124,766 103,711,980 100,239.301 23,467,723 6 012,159 5,103,595
-2,528,32!
7,890,165 4.3,''85,n54 8-4,173,713 19,W5,394 9,032,254
Same time 1877
Same time 1876 ... .9,480,819 41,.S82,53.1 83,375,125 23,763,166 7,.557,205 1,158,400
484,437
9,420,155 53,363,834 53,619.733 19,306,6-22 4,853, 123
Same time 1875
,
.
Exports from United States seaboard ports and from Montreal
week ending December 7, 1878.
for
From—
New York
Flour,
Wheat,
bbls.
69,889
bush.
Corn,
bash.
1,520,980
497,3'9
84«,018
11,720
213,-3-29
8,025
6,0)0
413,833
491,9»1
lU.aiJ
185,838
75,337
108,137
ICS.SSO
2,363,542
1,748,607
1,916,237
718,764
1,011.966
685,07)
638,675
1,312,617
Boston
7,4-25
Portland
Montreal
Philadelphia
Baltimore
1,003
Oats,
Eye,
Peas,
bush,
bu-^h.
bush.
65,487
300
60,263
10,166
9.5-38
....
••
••••
..
--..
•-••
460
450
—
ruled quiet.
—
Foreign Dry Goods. The market for imported goods hag
subsided into a candiiion of extreme quiet (as is always the case
at this stage of the season), and purchases were mostly restricted
to small lots of the ulost staple fabrics and specialties adapted to
the holiday trade. Cashmeres and low-grade silks were, however, distributed to a fair amount, and prices ruled steady oa
nearly all staple goods of foreign manufacture.
Imiiorcalloiis of Dry Uooils.
The importations of dry goods at this port for the week ending
Dec. 13, 1878, and for the corresponding weeks of 1877 and 187l5,
have been as follows
ENTERED yOR CONSUMPTION FOB THE WEEK ENDINO DEC. 12, 1878.
:
1877.
1876.
Total for week..
Previous week
Two weeks ago
Same time in 1677...
From New Orleans
8.5,576
86.f87
7,259
47.189
60.263
41,891
65,221
91,2-26
2,6«
43,-283
62,911
190.880 bush, wheat,
3,163 bbls, flour,
1-1,805
19,691
89,3-0
bueli.
corn
Pkgs,
Manufactures of wool.
cotton
do
do
20,C63 bush. rye.
and
XXVn.
[Vol.
Pilk ..
flax...
do
Pkgs.
Value.
2m
~fl00,210
564
149,904
190.464
70,9S2
2.<3
334
645
1878.
Value.
216
404
Pkgs.
372
115,410
99,414
83,131
11 -28.1:8
171,980
506,030
161,311
7T,891
$738,-390
86,-.27
812
80,3:30
681
378
752
658
~$59S.2S7
8,029
1457,051
2,664
ne
421
Value.
»76,700
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard ports,
and in transit by lake, canal and rail, Dec. 7, 1878, was as
Miscell'neousdry good^
follows:
WITHDRAWN PROM WAREHOUSE AND THROWN INTO THE MARKET DUBINO
The
-visible
Corn,
bush.
Oatf,
Barley,
buth,
bush.
3,520,555
11,3C0
P27,4no
1,296,987
16,378
1,233,914
21,900
15i,Ono
855,105
7),011
Wheat,
at—
In Stork
hush.
New York
8,910,457
Albany
8Lfl
I,9r8,442
.....'
Baffaio.
Chicaso
4,83«,4-29
1,18-1,510
Milwaukee
Duluth
Toledo
137,067
810,217
376,731
620.000
479.018
Detroit
0"Vie"0
St Lou's
Boston
Toronto
Montreal
216,228
3,7-23
365,000
384.4 -J
213,849
fl3,.i47
88.0J3
97.i«3
604,185
6S4
80,268
'806.191
(1st)
Philadelphia
Peoria
Indi-;napolis
Kaneasijity
:
Baltimore
Ktil shipments, week
Lake shipments, week...
....
117,558
259,350
36,-i71
49,943
32),11S
204,8)4
1,'6U695
3,783
14,033
6,3;33
5,-20,3,152
],203.f20
6,117,J84
1,.306,«63
6.48.3,938
l,239,6n9
1,9-6.357
5,.3:36.6I4
4,966,134
5.083,907
6.212.725
4.767,641
4.704,757
silk.
flax.
c'o
do
1,3-20,474
1,106.648
1,649,955
1. '249,579
161
83
$63,663
21,473
196
101,2:5
72.120
fS,694
16,-8J
38
221
211
26.53-2
48
j7a,iio
30,849
35,063
41,523
a,54
64,:387
1.5,619
6-36
30,633
t.302,53'
7)7
J168.880
2-3:3,642
5:862,032
141
ESTBUED FOR WAREHOUSING DURINO SAME
PKRI'ID.
2)3
$101,380
349
$1-27,242
67,ft60
230
49
93,:<34
47,562
66,486
43.402
S.600
497
1I8,2.'0
26,796
895
87
529
37
101,032
85.310
110,887
14,195
Toial
Add ent'd for cons'mp'n
i',645
2.0.3.5
$3-20.172
59;, 287
S,619
8,029
$377,013
467,051
1,2.7
2,661
$138,716
738,390
3,636
8913,459
6,616
$834,072
3,961
$1,177,106
.
Tot'l entered at the port
32,22-J
tmporiB ot l<eaainic Artlciea.
The following table, compiled from Custom House returns,
ahows the foreign imports of leading articles at this port since
Jinuary 1, 1878, and for the same period in 1877:
[The quantity
Is
given in packages wlien not otherwioe speclfled.l
Since
Jan.1,'78
13, 1878.
time of year, and the jobbing
trade was quite modeiate. Operations in seasonable cotton and
woolen fabrics were mostly restricted to small lots required for
keeping up assortments, and comparatively little attention was
given to spring goods aside from men's- wear woolens, for which
there was a moderate demand by the clothing trade. Foreign
goods were exceedingly quiet, except a few specialties adapted
to the holiday trade which were distributed to a fair amount in
Telatively small lots. The large St. Luis jobbing firm of Dodd,
Brown & Co., who suspended payment some weeks ago with
liabilili'S of over $3,000,000, have been compelled to make an
aseignraent, and it is fpared that a relatively small dividend will
consfquently be obtain. d by the creditors.]
D051ESTIC Cotton Goods. The exports of domestics from
this port to foreign markets during tlje week ending December
11 reached 3,523 packages, the more important quantities of
Great Britain. 1,01 1 packaces
which were shipped as follows
Africa, 9.50; Hayti, 208; Brazil, 177; British Guiana, 44; British
West Indies, 37, &c. There^was a very light demand for cotton
goods by local and interior jobbers, most of whom are reducing
their stocks to the lowest possible point before closing up the
transactions of the year. Considerable lines of bleached and
colored cottons were placed "on memorandum" by agents, but
actual purchases were almost wholly of a hand-to-mouth characPrices were nominally unchanged, but it is not improbater.
ble that some revisions will be made shortly, owing lo the continued decline in the staple. Print cloths were dull and weak,,
closing at SJc, cash, for 64x043, and 3c,, 30 days, to 3c., cash, for
—
;
7:38,3:10
S104,f.72
Same
Since
Jan. l,'7e time 1877
facturers' agents, as usual at this
101
217
!16
56
260
997
608,072
The dry goods market has exhibited no important change since
Business continued very quiet with manulast reported npon.
:
874,163
339
(2
Manulactares Of wool..
cotton
00
silk.,
do
flax
do
MisceU'aeons dry good
THE DRY GOODS TRADE.
FniDAT, P. M., December
196
969
5,551
,.,
.
716
108,8=8
8,787,373
10,818,195
6.124,171
{626,931
20,680
3,S97
7.5:0,6.33
16.50:3,859
t0,397,l,'8
2,776
9<i,153
16,197,6:30
16.66.5,793
19 1878
8, 1877
457,054
1900,868
...
16,200,015
Dec.
2,029
3,172
5,180
Nov. 30 1878
Niv. -23 1873
Nov. 16,1878
Nov. 9 1873
10,208.90:)
593,287
T»t. thr'wn upon mark't
14,410
93,966
26,917
10,168
2,423.417
2,455,966
2,603,774
9,318.932
3,016,864
3,)76,740
3,552,441
3,78a,6)0
3,673,207
16.682,681
2,035
1.119
2,664
9.891
5,124,151
Oc».
Oct.
1,1.37
i8,6-i8
17,045,0-20
9,'2'J6,9)9
6,142
Total
Add ent'd forcons'mp'n
232,088
29,351
131.6)7
84,93?
85.914
111,610
12,688
21,425
Total
9.55-2,678
40:l
3-2,000
6, -293
9.604,928
Mlscell'neous dry goods
8!,8'.S
81,188
16,8:)2,<)65
16,-2:ia,715
602,006
25.500
59,827
172,858
53,982
820 000
120.902
2,1873
26,1878
583,941
THE SAME PERIOD.
Manu.factures of wool
cotton
do
....
210,9M
Nov
l,-)40..33l
2,035
Bye,
bush
61.316
33,2)3
518,036
620,314
.
9-5,57:
469,000
42).72C
Total
Metals,
China, Glass and
Earthenware..
Qlaag
,
Glassware
Glass plate
Buttons
Coal, tons
Cocoa bags
Coffee, bags
Cotton, bales
Drugs, &c
Bark, Peraviac.
Blea. powders..
Cochineal
Cream Tartar..
Oambier
Gam, Arabic...
1),925
36,768
209,300
31.673
4.7',6
8,0%
3,6;35
Soda,bi-carb..,
Sod».f'a'
6i.862
SodaauL
64,8-30
3,050
cloth
6,771
1.499
bales
5.609
159,319
^jir
Hides,
Ac-
Bristles
Hides, dressed..
India rubber
1,312
4,7f7
43,9Jl-
1,748
Jewelry,
Watches
Spelter, lbs
Steel
Tin, boxes
Tlnslabs.lbs...
76,39-.! Paper Stock
82,103 Sugar, hhds, tcs. &
bT)ls
Sugar, bxs Abags,
Tea
60,430
5,482
4,7-27
Tobacco
Waste
Wines, &c—
Champagnd,bht^.
Wines
Wool, bales
105 384
9.7.662
1,167.454
9,^78,994
1,3
8
45,601
9.J5,978
9,993,9-16
l.l5,0;2
i:7,091
562,2,''.2
525,610
2,307,724
814,067
S,23.',567
857,695
64,670
471
61,8,^4
789
88,010
120,894
31,316
87,97»
128.716
42,4SS
»
t
I
1,762
6,03a
66,414
785
Ac—
Spices,
Cassia..
163,580
66,t20
371,365
231,635
151,164
116,186
457.065
419,354
853.426
44.624
386,44]
Fustic
Logwood
6-20,594
560.669
4' -<3S
Ginger
Pepper
Saltpetre
79,621
3,664
614
6,535
1,017,347
41,171
Arlida reported 6v
value—
Woods-
2,121
sto
216,46?
3,S31
1,457.752 1,215,010
31,8.9 Cigars
69.7U5
62.725
1.633 Corks
897,3-29
1,037,511
23.58; Fancy goods
532,060
617,167
60,316 Pish
62.681 Fruits, &c.—
983.178
1.320,502
Lemons .
4,670
l.KiO 3-3 1,2'.5,579
Oranges
6,377
8-25.001
Ir9,6s2
4,E2i
Nuts
1,2H5,-293 1,410,279
Raisins
2,S3;
..
142,673 Hides, undressed.. 111,238,191 11,781,671
29I,28S
231,675
Rice
Ac-
Jewelry
Lead, pigs
B,=il2
39,073
29,101
3,500
16.278
Hardware
7.621
18,935
26,759
4,369
921
19,67?
Qemp,
35,795
1,706,593
4,919
6,437
6,104
35,77)
Gunny
14,250
39.126
301,019
126,623
20,939
1,654,919
4,t52
[ndl^o
Sladder&Ezt.of
Oil.Olivr
Pars
Ac—
Cutlery
Barthenware—
Same
Umel877
601
881,029
95,-293
Cork
Mnhncftnv
sn.iM
Dbcbwobr
THE CHRONICLE.
14, 1H78.J
SleaiiiRhl|»i.
et
TO
r(\
1
IiMurance.
neurance.
HOME
BOSTOIW,
RKLtADLK
Stonington Line,
AT L AN TIC
MASSACHUSKTTSand RHODE ISLAND
leave Plor No. 33 North River (foot of Jay itreet), at
M. (Ully (except Sundays).
4:'M V.
b(>ei-l'>l
llmlttid flnil-class tickets,
ROod only on
Mutual
:::in
from Stonlntrton.
Bold, r/a, this line from
oslon. for |l 50.
TIckctfl for sale at all i)rluclpal tIcket'Ofllces. Stateroorae st'cured at olHcrB of westcottKxpreM Compnny, and at No'^.y^a and 39; Broadway, and at Metro-
A. M.
tt'Hin
New York to
Insurance
STEAMERS
ELECTBA and GAI.ATEA
No.
North
Hlver (foot
(except Eundajs) at 4 P.
29
M
affairs
Total amount of Marine Premlnms. $8,761,088 44
FtlsL-clMfl, full-powered. Iron screw «toamerfl, from
Pier Mn.^l. rJorlli I:1vit.
For Hajil, Colombia, Grcytown (Nlc), Iithmus of
via Aspinwall
:
Dec.
28
and Haytl:
(.Jam.)
Dec. 19 CLaKIBEL
Jan »
superior UrBtH^laae otui8ea)!ei accouunodation.
rc>., Ajtents,
No.
M Wall
treet.
No Policies have been Issned npon Life
Risks, nor
upon Fire disconnected
with Marine Risks.
Prtmiums marked
off from 1st January, 1877, to 31 St December, 1877.... $4,903,381 08
Losses paid daring ttie
NEW
CaUlnic at Plymouth for the landlnj; of Paasen^erfl.
The Bpleadfd vessels on this favorite route, for the
Continent CAl)lns provided with electric bells— will
all from Pier (new) No. 42 North Itivcr, foot of
Morton Mtreet as follows:
AMKRIQUK. Dclord
'Vred.. Dee. 18, 11 Noon.
Wed., Dec. 25. 6:30 A. M.
FRiNCK. Trujelle
LABHADOK.SanKllcr
Wed, Jan. 8, r,:* A. M.
PKILK OF PASSAtJE IN GOLD (Including wlue;:
To Havre— First cabin, $100; second cabin, |-5; ItilrG
cabl n, f :15 steerage, 126— Including wine, bedding and
Issued at this otttce
the outstanding
certiflcales of profits will be paid to the holders
thereof, or their legal representatives, on and after
Tuesday, the 5th of February next.
;
The outstanding
second cabin, $>i5; third cabin, $36 steersee, $27, Including everything as above.
Itetnrn tickers at very reduced rates, available
England
and France. Steamers marked thus
through
(•) do not carry steerage passengers.
For passage and freight apply to
;
A Dividend of FIVE Per Cent has
been declared, payable on demand.
CHAS. J. ITIAKTIN, President.
J. H. WASHBURN, Secretary.
North
DE BEBIAN,
Agent, 55 Broadnray.
A
I.
5:3'J
TO
A. M.
IS P.
York Trantfer company's
Dividend of Forty per Cent,
M.
certificates will
7th of
—
May
is
5:30 to T:90
A M. and
.
S to
M. „
VAN BROCKLIN, Superintendent.
By
H.
CHAPmAN,
14 Exchanse Place,
Wire Rope.
ANU
STEEL
IRON of
CHAUCOAL
D. Jones,
Josiah O. Low,
Francis Skiddy,
Adolph Lemoyne,
HOISTING PURPOSES,
Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
in.
Power, Ac.
Also Uaj
,vanlzed Charcoal and BBior
ihlps' Itlggmg, Suspension
lirklges, DerrlekGuys,Ferrj
Uopcs, &c.
A large stock
constantly on hand frcm
which any desired IcnKtii
iOf
are cut.
Charles H. Marshall,
John
for
Minli
order.
g
MASON
43 Broadwajr,
Sc
CO.,
New
York.
Co,
CHITTENDEN.
EZ <A WHITE. E:?q.
Hon.
S. B.
ASTOlt, Esq.
J.
CHAS. E. WHITE, SAM.
P.
BLAGDEN,
MAN.\GEI.«,
Office
54 Tlllliam
St.,
New York.
ORG>ft<IZED APRILI2T? 1842
THE::
lSsi,.F.S-WlNSTON,PRE:srDENT jof
°
E\/ERy APPROVED DESCRIPTIOK
IS
William H. Fogg,
Tkomas B, CoddlngtOD,
i.
9li§ccllniic«u$i.
D.
Lewis Curtis,
James Low,
Gordon W. Bnmhani,T
William Sturgis,
William E. Dodge,
Thomas
F. Tot;ngs,
John D. Hewlett,
Charles P. Burdett,
Alexander V. Blake,
Robert B. Mintnm,
George W. Lane,
James G. DeForest,
John Dwight
&
Co.,
MANUFACTURERS OF
SUPER-CARBONATE
OF
SODA.
New
So. 11 Old Slip,
The Jobbing Trade
ONLY
York,
Supplied.
Charles D. Leverich,
Edmund W.
Corlles,
WUliamBrycc,
Elliott,
FLAT STEEL AisD
IRON ROPES
pnrposea manufactured to
&
lASHT^SETSMlSaO.OOO.OOO.
Charles Dennis,
superior <)uallty
suitable for MINING AND
Qllned Planes, Transmlsaloil
E.«q.
D. Morgan
Dows & Co.)
(Dreiel, Morgan & Co.)
(David
de.
Secretary.
TRr STEESi
i
Royal Phelps,
C. A. Hand,
William H. Webb,
2.634.
FABBKI,
E. P.
q.
OMT£RMS AS FAVORABLE ASTHOSE OFANY OTHERC(U
Charles H. Russell,
David Lane,
Daniel S. Miller,
BOSTON.
Post Office Box
(B.
DAVID DOWS, E
lifeXnB endowment policies
W. H. H. Moore,
COMMISSION MEECUANT,
Chairman,
order of the Board,
J.
3.
Charles E. Parker,
SOLON HU.MPHREY3,
be Issued on and after Tuesday, the
cab'<
when the faro is Five Cents.
WM. R. GARRISON, President
Management,
of
NEW rORK
next.
FAKE, TEN CKNTS,
7 P. Al..
United States Board
JOHN
for Grand Central
Depot. Mfilelh street. Fifty-Eighth tt. eet.
For down-town trains take west side stations.
fxecpt between the hours of
OF
LOXDOiy A.\D EDIXBURGII.
clared on the net earned premiums of the Company
for the year ending 31st December, 18*7, for which
Rector Sir' et— Nearest point for Wall St. Ferry and
connects with the cars for South Ferry,
Cortiandt
fctreet— Nearest point for Jersey City and Cemnmiilf»aw i-errles. Park Place. Chambers Sireet. h rankIn street. Grand street.
leecker Street Connects
with cirs for Ea-t and West. Ughtu ifect. Fourteenth street. Tweniy-Thlrd Street
Thirty-Third
Urc' t. Koriy-Second Street—Connects with New
I
Company
will be in gold.
Metropolitan Elevated
R A I W A V.
OPEN FROM
British
certificates of the Issne of 1874
be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday, the 6th of February next, from which date all
interest thereon will cease. The certificates to be
produced at the time of payment and canceled
Upon certificates which were issued for gold premiums, the payment of Interest and redemption
will
,
I.OI7IS
$(,180,873 is
$14,36M5I 66
Six per cent. Interest on
atensfls.
modation
617,436 01
255,364 02
Total amount of Assets
To Plymontb, London or any railway station In
England— First cabin, $90 to $100, according to accom-
7,tS0 01
Total
1,764,893 63
CashinBank
—
ASSETS.
and Mercantile Insurance
Real Estate and claims due the Coinpany, estimated at
Premium Notes and Bills Receivable.
BKTWBES
YORK. AND HAVRE.
19
.$H, 180,873
SUMMARY OF
87
the following Assets, viz.:
United States and State of New York
Stock, City, Bank and other stocks. $10,565,938 00
Loans, secured by Stocks and otherwise
1,163,200 00
Mail Steamships,
50
l,70.'>,00n
200,131 28
1,179,042 3S
Cash In Banks
$244,113 3S
Bonds and Mortgages, being first Hen on
real esute (worth t4,815,0(»)
2iS4 JM 00
United States stocks (market valne)
ILlis(l,s39 00
Hank Stocks (market valne)
190,344 90'
state and Municipal Hondn (market value)
199,306 00
Loans on Stocks payable on demana
(market value of Securities. $884,587 SO)
343.N5 47
Interestdueon lit of Ju'y, Ifis
slMt St
Balance In hands of Agents
]44jV2l 74
„
Kcal estate
vlJSBSi
Premlnms due and uncollected on Policies
The Company has
Company's
(ilencrnl Trani^-Atlautic
same period
$2,51)5,890
Retnms of Premliuns and
Expenses. ..$947,923 86
O N L. ¥
Direct Line to France.
,.
Reserve for Re-Inaursncc
Reserve for Unpaid Losses
Netttarplus
I
FOIiWOOD *
PIM,
The
on the Slst December, 1877
let Jknnary, 1877, to Slet December, 1877
14,710,685 83
Premlnms on Policies not marked off
Ist January, 1877
2,040,883 61
BI-MONTHIjT 8KRVIC8 TO JAMAKJA, HAYTl
COLOMKIAiindASPIN WALL, and to PANAMA and
BOUTM PACIKIO POKTS (via Asplnwnll.)
For KlnkTstou
1878.
from
Atlas Mail Line.
Panama and Soutu Paclllc Ports,
AILSA
DC. 141 ANDES
ToBX, Jannftnr 2S,
Premlnms received on Marine Risks
of Warren
fori'rovl-
Frelgbt, via either line, taken at lowest ratea.
I). 8. BABCOCK, l^csldent.
L. W. rU-KINS, O. P. Aecnt.
KTSA
Co.
The Tmstcei, In conformity to tllo Charter of the
Companjr, sabmit the following Statement of its
(For FuEionr Osly.)
•treoti (lilly
dence dlrvct.
•IIOWIHO Till
Condition of the CompanTon the first
day or Jaly, 1878.
CASH CAPITAL
$8,000 000 OO
TOTAL ASSETS
Niv
LI^E.
l>llOVII>F.\€E
BROADWAY.
l.M
8eml-Annnal StatemeutJ
Fiftieth
i
poUian Hnd Mfth Avenue Hotel tlckotoftlces.
le»Te ricr
OP NEW YORK,
OFFICE, No.
tlTO Vcam.
TIIK KLKGA.NT STKAMEItS
Company
Insurance
07FICB OF THB
CONNEf TINO WITH ALL POINTS EAST.
Not • Trip jniKited In Kcveu Oonsecu-
JONES,
Peter V. King,
V
,
Horace KThnrbez,
President.
CHARLES DENNIS, Vlce-PresWrat
W. H. H. MOORE, Sd Vice-P*«ildenl,
A. A. BAVEN, a Yice-FtMidtBt,
JOSEPH GILLOTT'S
STEEL PENS.
SoU iy aU Jealtrs UkrovgHaut Iht WarU.
V
THE
VI
Stillman,
SEAMEN'S BANK EUILDINti,
&
Nos. 74
7G "R'aU
NEW
Street,
[Vol, XXVll,
Cotton.
Cotton.
INMAN,SWANN&Co
Pierce, Mount
Co.,
VICKSRCRe, IfllSS.,
Cotton.
Woodward &
HUONICLE
(
& Co.,
COTTON BUYERS,
Pierce, Stanfield
COTTON
NEW ORLEANi",
COMMISSION MERCHANTS,
YOKK.
GENERAL COMMISSION MERCHANTS
LOANS ItlADE ON ACCEPTABLE
Cotton £xchang'e Building,
New York.
101 Pearl Street,
SECVKITV.
LOANS MADE ON
made on ConBlgnments.
Liberal adTBnces
Special attention paid to the execution of order«*or
he
pnrcbase or aale of contracts for future dellTer;
&
C. Watts
Co.,
SOUTHERN SECURITIES.
COMMISSION MERCHANTS,
17 Water Street, LIVERPOOL,
21 BroTfn's Buildlnc*,
LIVESPOOL,
solicit conslgnmenla of
COTTON
ordenfortie
an',
ifTorded by our friends, Messrs. D.
Btone
street,
New
BON, S4 Baronne
H. W.
all
Informatloi
BABCOCK BIIOTHBRS & CO
fO Wall SxnEKT.
WATTS &
forK, and Messrs. D. A.
Street,
Co,, 51
OIVKN
<l
New Orleans.
&
H.
Farley,
New
Vork.
COTTON.
&
ceninissioN rierchants,
ineasra.
sold on oommlBslon In
LxnMAX, Abbabah A
New
&
Dennis Perkins
Hew
Co.,
No. Ill
Co.,
CiSTTON BUYERS FOR MASUPAOTURBRS
niBinPHIS, TK\N.
Co.,
FntTires executed at N. Y. Cotton Kxr!hanR(i
WALTER & KROHN,
REAVER STREET, NE^V TORK.
&
Co.,
delivery of cotton.
execution of
t le
or sale of
B.
Waldron
(Successors to
&
.
Tainter,
NOURSE & BROOK3)
,
eSNERAL COTTON mEKCHANTS,
97 PEARL STREET,
NEW
Tatvee «rdert prwiHtiT executed.
TORK.
Co.,
New
ITork.
^TNA
Company
Insurance
OF UARTFORD.
Total Asset.- January
1,
87,115,681 42
18V7
Capital
$3,000,000 00
R»-iiisnrancefund. ... 1.741,273 42
Ui*aid
A.
JTA.S.
82—
4»a,114
losaee, etc
NEr SURPLUS, Jan. 1,
No. 2 Cortlaiidt
6,170,388 24
1877..
$1,945,236 18
St.,
IVcw York.
ALEXANDER,
Agent.
Liverpool dr
London &" Globe
orders
contracts for future
Insttrance Company^
&
R. Smith
Co.,
45 William St»
C O T T ON
COITIiTIlSSION inERCHANTS,
125 PEAFvL STREET,
44 Broad
Street,
NEW
J,
YORK,
E.
PULSFORD,
Resident Manaoeb.
Boston.
LyOii^fnercial
E. O. Richards,
RICHARDS)
Rhlpplus and Commission RterchaBt
COTTON BPYER AND COMMISSION MERCHANT
No. 8» BROAD STREET, NEW TORK.
LA
&
LDwral advances made on con-
(Successor to A. L.
L. F. Berje,
,
4T Rroad Street.
Pearl Street,
Special attention paid to
NEW TORK.
OTTOK FACTORS & COMMISSION HBRr-'UAHTS
NEW TORK.
for the purchase
STREET,
Sawyer, Wallace
Liberal advances made on conelgnments. Prompt
personal attecUon paid to the execution of orders lor
the purchase or sale ot contracta for f ntare deHrery.'
COTTON BROKERS,
NEW ORL EA N S
a WILLIAM
Future Contracts for Cotton bought and soldOB
'Jommlsalon In New York and Liverpool.
ln§urance.
signments.
COTTON I1UTKK8 dt COMMISSION MEUCHANIS
60 Stone Street, New I'ork.
CS
coiamissioN
York.
AND
COTTON BROKER.
f>ri<i%ra In
Co.,
Cotton Factors
PEARL STREET, NETT YORK
&
DrBB ft
Liverpool.
Macaulay & Co.,
merchants,
ant!
GENERAL COMMISSION MERCHANTt-
Copeland,
H. Tileston
New Torn and
us, or to our correspondents In Liverpool, Mc srs. B. Newgass & Co.
and Messrs' L. Rosenheim & S ons.
Established (In Tontine Building) IMl.
&
Adranoes made on Conglgnmenta
Future ConCotton boag:ht aad sold on Commission, la
tracts for
and other produce con^lgned to
COTTON BROKER&,
No. 146 Pearl Street, near Wall, N. 1
C. Johnson
AND
mERCHANTS,
Ware, Murphy
Tork.
Co.,
MOOI>T & JKMISON),
GENERAL COMMISSION MERCHANTS.
No. 1%'i Pearl Street, New York,
EXCHANGE PLACE,
New
James F.Wenman & Co.,
J.
CO.,
LEHMAN BRO'S,
Cotton AND Factors
40
&
Jemison
S.
Orders cicccfed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
COTTON BROKERS,
136
E.
Montgomery, Ala.
Orleans, La.
CO:ni«ISSION
York.
I>ellvery.
Geo.
0E JERSEY & CO
New York and Liverpool.
Lxnif Aif,
a
Mancliester and LiTerpool,
CO.,
AND GLASGOW.
Oo..
TORK.
BANKERS, COTTON FACTORS
Conslgtiin'^nts to
FINLAY &
CALCUTTA AND BOMBAY.
FWTURK CONTRACTS FOR COTTON bought
Special attention glTen to the execution of orders
Street,
Vork.
PINLAV, niUlR &
tor the ourchase or sale of Contracts for Future
117 Pearl
New
,
Also execute orders for Merchandise throuf^h
New
Foulke,
GENERAL
121 Pearl Street,
JTA.flRS
LIVKRPOOL, LONDON
Advances made on Consignments.
BMCIat personal attention to the purchase and sate
of ''CONTltiCTS FOU FUTUKK DKLIVKUT" OF
Bennet
Advances made on
ITIeiSKri!.
132 Pearl Street,
3,909.
Co.,
NEW
S3 KZOHANGE FLACE,
boubxs
iiierchants,
17G Pearl St
Knoop, Hanemann & Co
(Successors to
FINANCIAL. AGENTS,
O Box
&
VICKBBURO BANK, Vlcksburg. Miss.,
fTATE NATIONAL BANK, New Orleans, La..
NATIONAL PARK BANK, New York,
Messrs. GKU.VINO & CO., Liverpool, England.
.
GENERAL
ronmssioN
174
J.
COTTON FACTOKB,
COMMISSION MERCHANTS,
F.
&
Henry Hentz
Solicit orders for purchase of coton In their
respective marKcts. Special attciitlon given to extra
Bta;le cottons aad peelers.
oommissioN iherchants,
Receive conslBnraents of Cf tton and other Produce,
and executt^ orders at tbe ExchanL'Os In Liverpool.
Represented iu New York at the office of
'purchase or sale of future shipments or dellverld.
AdTanccB made on conslgrvments, and
BABCOCK&CO.
B. F.
LA.,
Re^erto
Of cotton.
W.
&
R. M. Waters
COTTON
&
Union
Ins.
(^o.
(OF LONDON),
ALFRED
Co.,
COMMISSION MERCHANTS
PELL,
^
axD
BANKERS,
54 BROAD STREET,
NEW
TORK.
'
3r
&
39 Wall
Street.
@FedFRASER